1934-11-21 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

d and Fully Paid-up t Balette Fanda

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Bahorised Capsai

live?

£0.505.000

-Minervo Liabilliy of Propriasore......$23,000,000

HEAD OFFICE, HONGKONG,

$50.000.000 20,000,000

Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON

Paid-up Capital

Reserve Fund

£3,000,000 £3,000,000

Reserve Liability of Pro-

prietors

£9,000,000

Agencies and Branches:

Alor Star

Follo

Папкоет

Amritsar

Epok

Malgou

Karao

Klooz

K. 5. Morrison, Esq.

Kobe

Shaughn

Calcotta

Kunta

Hngapor

Canloo

Lumpul

Allanso

Cawnpor

Koblog

Sourage

Cabu

Mad

Talping.

Calpale

Manila

Chastain

Dalh

Medan

Tongs

Stalyboog

New York

[auker)

Hamburg

Polplay

Telagian

tianhow

"fraking

Yokohama

Habla

leanr

Zautore

BOARD OF DIRECTORS

Boa. Mr. 0.0. B. oble

Chairman,

- Hoa M17. H lie iliadset,

Deputy ChairtsaĖ.

W. 11. Boll. Neg. 1. Compton, Ewq. .3. Keswick, Esq. 10. Ezight, Eng.

V. M.

G. Hinking Eq.

1. E. Pass, Log.

Örsyburn, kaci Cales Manager.

BRAKCLEO:-

LONDON LIONS

AMUY

MANGKOK

·BATAVIA

BOMBAY

UALCUTTA

CANTON

DERFOU COLON BU

DAIDEN FOODHUW BAIPHONG KAMBURO MANKOWE HÄRDIN HUNGELW

ILOILO

РОН

JOHORN

ZOBR

KOWLOON

MUA. (Faban)

MALAGUA

MANILA

MURDEN

NEW YOUR

PEIPINO

PENANG

BANGDON

KUALA LUMPUR

BAIGON

SAN FRANCISCO

SHANGHAI

SINGAPORE

MURABATA

SENUE PATANI

TIESTRIN

TOKYO

1SINGTAO.

YOKOHAMA

Surreal Acouste opened in Local Currency and Fixed Deposita roovivad for one year DT Borer perioda la Local Company and allog ➡ terms which will be quoted on application Heug Kony. 14th April, 1984.

HONG KONG SAVINGS BANK.

The Business of the shown Bank is conduct-

by the HONG KONG AND SHANGHAL BANAINO CORPORATION. Huise may be aefned on application.

FOR THE HONG KONG AND SHANGU BANKING CORPORATION

ilangkok Historia Borsbe

Hour Ear

Bersurac Seremban

THE CHINA MAIL, WEDNESDAY, NOVEMBER 21, 1934

Commerce and

Finance

LOCAL DOLLAR STEADY

Silver Prices Decline

The local dollar is steady, opening on demand this morning at 1/7/2

Spot and forward silver prices declined 1/16, closing at 241⁄4 and 24%, respectively.

The London on New York cross- rate, which closed on Monday at

-U.S.$4.98.

yesterday

closed

Forales Exchange 'and General Banking businnt £-U.S..$4.98%, while the New transnoted.

Current kocounts opsund and Fixed Deposita York on London rate closed at reostrad· for ons pour se shorter perioda stratas which will be quoted an application.

[£—U.S.$4.98%, as compared with W. H. E. THOMAS,

| £—U.S.$4.98%. Acting Manager, Hong Kong, 20th February; 1834.

CURRENT GOLD FLOW TO U.S. EXCEEDS U.S. $100,000,000.

a

SAFETY FIRST !

To Safeguard Your Valuables and Jewelleries.

Deposit them in a Vault

that is really: FIRE PROOF BURGLAR · PROOF

DAMP PROOF !

New York, Toulay-Gold, ship- ments to the United States. during the current movement exceeded U.S.3100,000,000.-United Press, per 5. E. Levy and Company.

RENEW

OUR SAFE DEPOSIT VAULT THOMAS TO

́HIS CAMPAIGN

located on the Mezzanine Floor of Our New building is Specially Con- structed to provide all of these Im- portant Qualities.

You may obtain a Safe Deposit Box in this most up-to-date Vault for your own use at a very moderate Ren.

tal Chad Manager.

V. M. GRAYBURN, Hong Kong, 24th February, 1054,"

THE BANK OF EAST ASIA, LTD.|

Authorised Depitel

Fald Capital manus Basers and Undivided froûte

-$13,000,000,00 5,098,600. .............2,484,000.00

HEAD_OFPIDE:-HONG KONG

13. De Vos Bond Central.

BOARD OF DIRECTOĖS :—

Sir Bbou pon Chow, Chairman.

Boon Chub, Esq., P. E. Kwok, Eng., Wang

Iva Toot. Eg, Chan Ching Shel, Bec, Li, Lea Erg, Wong Chu Ena, Esq. and Kan Tig 20. "Lig.

Kan Tong Pa Fag. Clint Mangur, LET Youg, F., Monger

BRANCHES AND AGENCIES:-

Kette

Beatle

Bemareng Khanghai

'Boutabs

Batavia

Mibours

Simba

Now Tock

Blon

Deska!

Haakon Hansinia

Kavice

Paris Priping

- Kwia

bylawy

Penth

Rac Bigou

** Tokyo

Jakobárna

Tionial

Every description of: Banking and Exchange blade Uzunoted, Lamas grazited, on syproved

secure.

Gerra ale opraed "la Lord Gumao Fixed Deposit red for one 1962 sacher, pectode in Local and Forsign Cüreencias

ma which will : Ea "qustad- on application. Bats Depani Joses To L

-KAN-TONG PO,

Chist Manager. Hong Long, st March, 1981.

THE BANK OF TAIWAN, LTD.

Head Office-Taihoku, Fermos8, Incorporated in Japan by Special Imperial Charter, 1899.

Central Bank of Formosa, Notes

„Ianued Average amount-Y,45,000,000|

...Branches and Agencias:

Inspection Cordially Invited.

"America Must Have A Cheaper Dollar'

SPECIAL TO CHINA MAIL. (By_Telegraph, Copyright, Telogra-

ceived November 21, 8.50. a.m.)

Detroit, To-day.

THE NATIONAL COMMERCIAL phe Messages Ordinance, 1884. Re

& SAVINGS BANK, LTD. Corner of Ice Houss Street and· Den Voeux Road, Central

After conferring with Father' Coughlin, the noted "Broadcasting Priest," at Detroit, all day yester-

THE BANK OF CANTON, LTD, day, Senator Elmer Thomas, Okla

·

Established 1912.

Head Office: Hong Kong.

Authorized Capital $11,030,000| Paid-up Capitál

Total Resources

announced

homa Democrat, has that he intends to urge the forth- coming Congress to pass à für- ther inflationary measure..

"The law fixing the dollar's 8,685,000 $2,170,492 value at 15 grains of gold must be Branches: Canton, Toishan, Shanghai, repealed and we must have a chea- Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd. Preas, per S. E. Levy and Com- per dollar," he declared.-United

Foreign › Exchange" and--Banking business of every discription trans-pany.

acted.

Current Accounts opened and Fixed WHEAT CONFERENCE

Deposits received for one year or jaborter periods at ratsa' Which will be

quoted on application.

Safe Deposit Boxes (various xixas) for hire.

LOOK POONG SHAN,

THE

Chief Manager.

AMERICAN EXPRESS COMPANY, INC.

Head Office: 95, Broadway, New York

Capital Burplus

Reserves

U.S.$8,000,000.00 2,087,112.00 1,095,528.81

BRANCHES--n

Japan: Kobs, Osaka, Tokyo, Yako- bama, Keelung, Makong, Nanto, Shoks, Shinchiku, Talchu, Tainan, Taito, Takno, Tameul, Toen, Karenko. Kagi, Heito, Giran, China:--Amoy, Canton, Foochaw, Han-

kow, Shanghai, Swatow.

Amsterdam Antwory

•Genos

Olagin

Milan -Nor

Athene BeLive Berlis

Naplan

Bombay

Dreman

Brusela

HATAGS Hamburg Extre Maidelberg

Jerusale

First

Parla

་-

Palpin;

Palerme

Rotterda

Ore

Cab

Outla

Liverpool

Colombo

Desila

page.

* THE Veslee Yokohan „Karlek +

Others: Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Soerabaya, Dairen,

On and after April 20th, 1994, the rate of Interest on Special Current Deposit will be at 1% p.a. on daily! balance and the rate for balance over $10,000 will be quoted on application (Maximum rate-1%),

Y. OHNO,

Manager,

Hong Kong Branch

8, Des Voeux Ed, Central

Mabodie

Edinburgh Konta. Carin Florence

Manila Canara

Muniok

Bozza

Gotha

Boston Blagspor -Thentain

Branches of American Express Comé pany in Principal cities of United {States'of' America" and "Canada. **

All classes of Commercial Banking Fransactions undertaken a

THE YOKOHAMA SPECIE BANK PL♥vana 1''fnvästmant, accounta

LIMITED.

Established *1880

Capital (fully paid-up) Yen.100,000,000 Reserve Fund ...... Ten.124,250,000

Head Office:-YOKOHAMA

Branches and Agencies at: Alexandria Bataris"

Berlin

Bombay

Calcutta

Canton

Nagasakl NSPO New York Osake

Paris Pelping Dairen (Dalny) Rangoon Fengtien (Mukden) Rio de Janeiro

San Francisco Seattle

HamburY

Kaukow

Harbin

Semarang

Hong Kong

Shangha

Honolulu

Singapore

Hsinking

Socrabaya

Karachi

Sydney

Koba

London

Tientsin Tokyo

“Los Angeles

Tsingtan

Moft

Bandoa.

The Company offers to intending Travellers the use of ita". "TraVASİT addition, the world-wide services Cheques" and· Letters of Credit-ini, it thoroughly equipped Trafol De pastirent.

O. H. BENSON,

"Genièral-Maniger,

THE WING ON BANK, LTD. TONG LONG

Authorised Capital $10,000,000

Foreign Exchange and Banking Business of every description transact-

Current Accounts opened and Fixed Deposits received for one year or shor") ter period at rates which will be quot ed on application."

Safe Deposit Boxes (various

|for hirë.

PHILIP GOCKCHIN

Tingkow Inserat allowed on Orrent Ao

Deposits received for, fired Frates to ba chlained'in applicati:

RISHINAMI,

Konz Kong, 11th September 1984.

* Chief Managér

LGOCKCHIN

Auslant, Mans For

ELI SHU FONGTM Assistant: Matanes

AT BUDAPEST

The Implementing Of Amendments

Budapest, To-day. The International Wheat, Con- ference, which is being presided over by the American delegate, Mr. McMurray, opened at 11,30 am. yes terday for the purpose of imple- menting amendments in the Wheat Agreement proposed at the London meeting. in August. 1933-United Press, per 8. E. Levy and Company.

U.S. GASOLINE MARKETING "AGREEMENT

New York, To-day-Major pro ducers will submit for President Roosevelt's approval a gasoline mar- keting agreement, designed to stabilise prices.-United Press, per 9. E. Levy and Company

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE

15, Ornosekurch * Etrol, London, E.0.8.

Subscribed Capital "Authorised Capital £3,000,0

11,800,000 Paid-up Capital 1,050,000 Reserva Fand & Best: -1.24742S. BANKEES The Bank of England &1igland Bank, Lea. Bangkok The LEDGER*«Baw York Kandy p

Dalhi Galle Hour Xong. Howrah

Kusin Kapla

Kala Banyur

PARADE

Shanghal

тарост

· Exanian (Pahang) ‹ Riman

HOND, KONO BRANCH Ercy description at dunklag and Eschungs' basi use transpetad.,

-Trainers Chagués: Baché: 1024

Trustee and Executorships (under

İNTEREST Allowed as Durrset Account w

Hong Kong 12th June, 1984.

THE SHANGHAI COMMERCIAL

& SAVINGS BANK LIMITED ~(încórpirated in China) Capital paid up) Reserves Capitals Reserve

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

'Banks.

NOTE ISSUE IN

· AMERICA ·

Finland Seeks S.E.C. Permission'

SPÈCIAL TO CHINA MAIL.

(By Telegraph, Copyright, Talegro. phic Mearnger Ordinance, 1804. Re- ceived: November 21, 8.50 a.m.)

New York, To-day.

SENTIMENT

SPURRED ON

WALL STREET

Slowly Improving Business

COMMODITIES DULL

New York, To-day,

FREE COINAGE FIGHT

Senator Wheeler's Determination

U.S. SILVER BLOC SPLIT

Washington, To-day.

more than 16 to 1 with gold.-Reu-

The split within the United States silver bloc was re-emphasis- The following in the list of local, Finland, the only nation who Indications of the slowly imed yesterday when Senator Burton. shara quotations issued to-day:

has not defaulted on war debts, proving business and of the in- K. Wheeler, Montana Democrat, has applied to the Securities Ex-dustrial outlook yesterday bolstered stated that he would re-introduce change Commission for permission sentiment on the New York market, and continue the fight for his Bill to float a U.S.$10,000,000 note is-which is predominantly bullish al-which would authorise the free sue,"re-funding port of her though restrained, due to the sell-coinage of silver at a ratio of not foreign debt.-United Press, perjing of utilities. S. E. Levý and Company,

BRITAIN'S REVENUE STILL LOW

Expenditure Increase On Last Year

An unfavourable factor was that ter the commodity market do not show any incentive.

8. E. Levy And Company's Report

1

H.K. Bank 1616 sa. H.K. Bank (London), 135% n. Chartered Bank £16 ¤. Mercantile Bonk, A. & B. 482 n. Mercantile Bank C, £13. Bank of East Asio, $98 n.

Senator Wheeler yesterday sald that he intended to renew the Am: 0. Finance Corp., 8h. $20 ¤. China O. Fin. Ord., 8hr $4 n.

fight, for free coinage of silver at a 16 to 1 ratio with gold at the China O. Fin. Pref. Sh. $5 n.

Insurances.

In their market report, Meaars, forthcoming session of Congress.

He said that the events of the Canton Ins., $285..

S. E. Levy and Company, corres Union Ins.. $5221⁄2 n.

(pondents for Mesara. White. Weld last months indicated that free coinage will not upset the interna- China Underwriter, $1.10 b.

and Company. New York state: Chua Fire Ins., $510 n..

"Stocks: The market is still tional silver situation-United. H.K. Fire Ins.,, $28712 ..

London, To-day balanced fairly evenly by the better Press, per S. E. Levy and Company. Exchequer returns for the past sentiment growing out of the Gov International Assce. Sh. $5.60 n. week show that during the

cur crnment's encouragement of general Shipping.

rent financial year total ordinary business on the one hand and uncer revenue, exclusive of self-balan- cing revenue, amounted at Novem-obvious efforts to regulate and pro-

tainty owing to the Government'aj ber 17 to £358,378,414, which mota competition in Utilities on the £2,275,150 less than the amount other. There is likely to be a broad collected at the corresponding date last year.

Douglases, $11 n.

H.K. Steamboats, $7 n. Indo-Chinas (Praf.), $30 n. Indo-Chinas (De), $38 n. Shells (Bearer) 44/4 n. Union Waterboats. $13 n.

Mining.

Antamoks, 60 cts. b. Balators, $87 n. Baguio Gold, 46 cts. n. Benguet Consolidated $13% n. Benguet Exploration 19 cts. n. Benguet Goldfeld, 20 cts. n. Big. Wedge, 10 cts. n.

advance. but mixed movements will continue. Industrial favourites Expenditure for the same per seem to have advanced further than fod, exclusive of self-balancing might seem warranted by their items, was 24831,824,236, which ex-1

vice,

Gold Creek, 25 cts. b. sub, dividend RAW RUBBER PRICES

Gold Rivers, 21 cts, n.

Ipo Mining $21⁄2 n.: Itogans $6.30 n. Salacote 16 eta, n. Kailan, 19/6 n.

Langkats (Single). Sh. $17 n. S'hai Exploration, Sh. $5.10 n. S'hai Loans, Sh. $6 n. Raubs, $11 n.: Venz; Goldfield, $5 .n..

Decks etc.

H.K. Wharves, $109 n. H.K. Docks, $124 n. Providents (old) $1.55 n. Providents (new), $50 cła, n.. Hongkews, Sh 33121⁄2 n. S'hat Docks, Sh. $128 n. New Engineerings, Sh. $54 D.

Cotton Mills.

n.

Ewo Cottons Sh.,$10,15 n. S'hai Cottons (old), Sh. $771⁄2 n. S'hai Cottons (new), Sh. 148 Zoong Sings, Sh. $9.40 n. Wing On Textiles, Sh. #55 m.

Lands, Hotels, etc.

H.K. and S. Hotels, $4,90 b, & sa, H.K. Land, $514/288." H.K. Lands 4% Debentures 14%

Prem. n.

Shanghai Lands, Sh. $271⁄2 n. Metropolitan Lands, Sh. $13 n. Humphreys. 69% n.

H.K. Realties, 41⁄2 *** Asia Realties "A", Sh. $100-n. Asia Realtles "B" Sh.$20. n. Chiese Estates, 890 n. China Realties, Sh. $124 n. China Debentures 8h. $187 n.

Public Utilities... H.K. Tramwaya, $19 band sa. Peak Trams (old), $14 n... Peak Trams (new), $7_n. Star Ferries, $97% m.... Yaumati Ferries $2214 n.

C. Light (old), $9.8a., 18.95 d. C. Light (now), 384 b. H.K. Electrica 365 b. and sa. Macao Electrics, $25 1. Sandakan Light, 38-8. Telephone, (old), $28,20 .. Telephone (new), 30.70 b. China Buses, Sh. 318.20. Singapore Tractions 4/8 b. Singapore Pref. 117/9 62

Industrials

Malabon Sugars, 38.70 n. "Cald:"Macg," (Ord.), Sh. 121 n. Cald: Macy. (Pre). Sb. $20 Canton Ices, $2.85 h. Cements, $2.05 6, H.K. Ropes, 4 n.

Stores, c

Dairy Farm23 n. Watsons, $512

Der. A. Wings, $1 n. Lane, Crawfords, $4;n, Mackintčehs, $21 p Sinceres, $10 m. Wm: Powell, 70 cts. Wing On (HK) $110 n'

Miscellaneons.

H.K. Amusements, $244 Entertainmenta, 171, 1

Macao Greyhounds," 32 n. (old), $1,80 n.

A Bank hay

developme

Govt. 4%

BUSINESS TREND STILL UPWARD

American Economist Expresses Views.

SPECIAL TO CHINA MAIL..

New York, To-day.. The noted economist, Mr. Roger

rade issues show an easier ten-lessening and the market should

ceeds the amount expended at the activity. Business done:--370,000 Ward Babson, states that the out- look for the first half of 1935 shows: shares. corresponding date last year by £9,859,938-British Wireless Ser-

"Bonds: U.S. Government Bonds the trend and volume of business are easier. A firm trend continues still upward for a long pull. in high grade issues, while second The floating supply of stocks is

advance with better business. dency.

Bonds" prospects are fairly good "Grains: Prices, especially for Corn, should harden as the indoor if the President checks the Con- feeding season progresses, while the gress radicals. importation of foreign growtha laj Monetary inflation is not likely later. This rather stresses minent, but credit expansion should Messrs. H. B. Joseph and Co. have the shortage factor and the ac tend to increase prices of Com received the following Straits Cur-cummulation of Corn is preferable, modities. United Press, per S. E rency quotations from Singapore Corn: for Raw Rubber.

Latest Quotations From Singapore

Jan.-Mar: 211⁄2 up 1⁄4.

April-June 281⁄2 up 14, Market:-Dull,

R.F.C. MAKES $100,000,000 LOAN TO F.C.C.

Total sales15,568,000 Levy and Company.

Total sales:- bushels, Wheat: 15,402,000 bushels.

is active "Cotton: Switching though speculative participation la The following are quotations from dormant. The easiness of October Singapore, dated November 13 on Cotton is discouraging trade buyers Tin and Rubber shares (prices in Straits Currency):

- ",、

Mining

Kuchais 98 eta, b., $1.01 a. Linguia $1.20 b.

Nawng Peta. 00 ets, b., 83 cts s.. Sungei Luas $1.15 b. $1.20 s. 1, Southern Kintas $4.40 b.

Tongkah Harbours $6.40 Cum Div

$6.75 Cum Divi

Rabbers

Alor Gajah $1.15 b.

Ayer Panas $1.80 b., $1.85 s. Ayer Moleks $1.00 .b

I

Bassetts 72% cts. b, 77%1⁄2 cts. n. Bukit Katils 72 cts. b., 77% cts, Brogas 90 cts, 'b., 95 cts, s Brunel United $5.00 b.. Glenealys $2.10 b.. $2.1714 5. Kuala Sidins $2.40 $2,553, Kluangs $5.50 b., $6.00 x Malaka Pindaa $1.80 b., $1.60 & New Scudais 1.82 b., $1.87% 8. Nyalas: $1.25 b., $1.30 5. Pajams $2.10 b., $2.15 s. Tapahs $2.10 b., $2.15 a.

General

b..

(Continued on Page 10,

Latest Quotations

121-

}

New York, To-day-The Recon struction Finance Corporation Octo- ber loan authorisations were U.S.8211,854,527, Including $100,- 000,000 allotted to the Federal Com- the |modity "Corporation to insure The following quotations. Have orderly marketing of farm pro-- been received through Mesars. 9. ducts-United Press. per S. E. Levy Levy and Company and the Ameri and Company. can Oriental Finance Corners| tion:

New York, Yesterday.

Last-To-day's

N.Y./London'

s. Cross-Rate

རྩྭ་

Close Close

4.98% 4.98 [N.Y Carton-May ... 12:36 12.37 N.Y. Rubber May... 1328 13:23 Chic Wheat-May...90% 98 Chic Cori-May 85% 8412 Montreal Silver May 64.606 54.95 Silver Ocial pay, 5497 54

(Dow Jones Arg).

To-day's Nov, 19 Close Change..

30 Industrialed 99.89999001 up Oversea Banking $28.50 b., $20.00 s.20 Nails 35.84 -35.8658.0 Raubs 18.10 Com Div. b. $8,35 Cam20 Ulities 17,50 17.68 18 up)

• Div. a...

40 Bonds ...

93,73 93.74".01 up. Quotations per yesterday's wire:- Index. 69.97 891.50 ́öff. Malaka Pindas:-Buyers at $1.45 Sellers at $1.50 Straits Currency.

17 Leading Stocks

Amer Can Amer Smelt & Ref

Auburn fal J. 1. Case

SINGAPORE RUBBER Amer Tel & Tel

SHARES

F

Latest Quotations

Du Pont

Elec Bond & Share General Motors Int Tel & Tel Messrs. Carroll. Bros. have re McIntyre ceived the following quotations of Montgomery Ward Singapore Rubber Shares dated at Distillers V November, 13 (prices in Straits Socony-Vacuum {N,Y. Central": Currency):--

“Alor Gajah $1.55 b., $1.50 . Afer Panas $1.80 b., $1.85 s. Ayer Moley $1.05 b., $1.15 8. Brogas 90 cts. b., 95 cts. 3.: Changkat Serdang $5.40 b, $5.76

Glenealya- $2.10 b., $2.1744 8. Kuala Sidim #2.40 6., $2.55 p. Malaka Pindas $1.60 b., $1.65 Pajama $2.10 b., $2.15 8. Telok Ansons $1325 b., $1.50 s; Tapah $2:10 by $2,16°. Utd. Malacca $1.80 b., $1.87% 8.

Insured? ?

75 cts. b.

Gener

erwriters

AUTOMOBILE PRODUCTION STEADY IN US.

New York, Today,—Automobile- (production In the United States last. week totalled 10,810 cars as against 16,820 cars for the previous week and 10,655 cars during the corres ponding period of last year- United Press, per S. E. Levy and [Company.

LARGER DEMAND FOR U.S. ***- STEEL PREDICTED

Pittsburgh, To-day-The maga zine; "American Metal Market." Close predicta a larger - demand for steel 102

products. The journal is, however, uncertain when the improvement 26% will develop.-United Press, per 8.. 51 E Levy and Company.

Unlon Pacifiers. U:S. Steel... West E&M

Business donet 870,000 shares.

105

98%

7%

41% 294

US. RAILROAD INCOME

STILL DECLINING"

23% New York, To-day.—The net 20% operating income of American rail- 14% roads. for September "totalled" 1017 U.S.$41,020,485, as against U:5.360,

608,882 last year. United Press, per S. E. Levy and Company.

S. E. Levy & Co.

8010

UNDERWRITERS AND DISTRIBUTORS

BECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION

DAILY NEW YORK STOCK AND COMMODITY SERVICE

Members:

NEW YORK COTTON, EXCHANGE COMMODITY, EXCHANGE, INC. CHICAGO BOARD OF TRADE

CORRESPONDENTS FOR WHITE, WELD & CO., NEW YOR

HOUSE STREET, HONG KONG