1934-12-08 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Bashorival Capital s

$54,000,000

20% and Yully Paid-up nume $9,000,000

Bomera Funde

• Stacking" soimmar.

Basers Lisbility of -Propriasan $10,000,000 HEAD OFFICE: HONOZONG.

BUARD OF DIRECTORM

Hou. Ke, C. (1. H. Maskin Chairman,

In Mr. S. 11. Edwest. Deputy Chalmas,

W, H. Bail. Fvg.

4. Miskia, Esq.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1888.

HEAD OFFICE: LONDON

28,549,00 19,000,000

THE CHINA MAIL, SATURDAY, DECEMBER 8, 1934

and

Commerce

Finance

Hong Kong December 8. Mr. G. A. Harriman's weekly share report and market review in- sued at noon states:-

Faid-up Capital :.

Reserve Fund......

£3,000,000 ..$3,000,000

SHARE MARKET.

Weekly Report.

Reserve Liability of Pro

prietors

£3,000,000

Agencies and Branchen:

Aloe Bar

lluita

Baurson

Amerikas

Įpok

Ban

Bangkok

Karach

Bebarang

Batavia

Klang

Flebo

B. Cetopic, Eng.

K. d. Norrison, Eng

·Bleuthas

Robe

Shanghai

*. J. Imwich, Eng.

T. E. Fearon, Zaq.

Cafutia

·Kuais

Singapore

Dankom

Lupr

Bi

Cawnpor

Eucbing

Bourabaya

Debu

Madra

Taiping

Colocale

Ma

Tecials

DAN

Hadan

Tourkes

Halphoo

New York

(ur)

Mambura

Priping

Taing40

Bunkow

(Poking)

Yokobaza

Harbig

Q. Knight, Leg.

AMOY

BANOR

BATAVIA BOMBAY DALCUTT CENTUN ОДЕРОЮ COLOMIN DALBEN

TOOCHOW

HAIPHONG

HAMBUR HANKUW BARBIN

HUNGREW

V. M. Uragbara, ket.

Chal Manager.

VRANULES

LANDUN

LYOKE

SALATUA

MANIZA

MBAR (Johor)

MURDER

NEW YORK

PEIPING

PENAND BANDOUN

SAIGUN

SAN FRANCISCO

KUALA LUMPUR

SILANIMAL

SINGAPORE

tratanciad. ·

Perdito "Exchange and desural Banking basis Current Accounts opened and Fixed Deposit necalved for new year we shorter periodu which will be quoted on syylloskom,

W. H. K. THOMAB, ・・

Acting Manager. Hong Kong, 20th February, 1984.

on

LOCAL SHARES. T

TO-DAY'S QUOTATIONS.

The following is the list of local share quotations issued to-day:

Beaks.

Optimism Rules Wall Street MAN GROWS HEART

Continue

Advance Expected To hope that the United States will purchase 50,000,000 bushels of Cana- dian frosted wheat, stimulating buy- ing in Winnipeg.

MANY FAVOURABLE FACTORS

A

New York, To-day.

Wall Street was moderately active

and Irregular with movements con fined to minor fractions. Under-

According to a message through lying sentiment remains predomin-

were:-

E. A. Pierce Co.'s Report

American Oriental Finance, Cor.

OF STONE

Process Which Drove

Him Mad

IT DROVE HIM-'MAD

Arthur Obadiah Hudson, à 62-

the United Press, stock exchange antly cheerful but further narrow year-old. road worker of Wein officials are informally most op and indecisive movements seeni to bley, had a heart which gradual-

ly turned to stone. timistic about a continuation of be indicated.

He could go on no longer, and. the advance in the market.

Favourable factors yesterday In their market report, the swallowed carbolic acid. H.K. Bank $1605 b.

At the inquest Dr. Temple H.K. Bank (London), -£137 n.

(1) Bank Clearings were U.S.poration, correspondent, for Messrs Grey, a surgeon, of Harley-street,

said:- Chartered Bank £15% n.

$4,511,624,000, as against U.S.$4,-E A. Pierce and Company New Mercantile Bank, A. & B. 32 n. 207,350,000 for the corresponding York state: Mercantile Bank C. #13% ̧a.

Stocks:--On predictions of an] period of last year." Bank of East Asia, $93 m.

(2) Pittsburgh steel scrap ad- in the international use of silver, Am: O. Finance Corp. 8h, 20vanced U.S.$1 per ton, forecasting mining shares are firmer. Railroad China O. Fin. Ord., 8h. $4 n.

an upturn in production.

Issues are hesitant on the оррові- China O. Fin. Pref. Sh. 35 n. (3) "Annallat" index of business tion of Secretary Wallace to the

Insurances.

Canton Ins.. $270 m. Union Ina., $5021⁄2. n. China Underwriters $1.20 b. Chan Fire Ins., $510 n. H.K. Fire Ins, $237% International Assce. Sh. 15.60 n. Shipping.

The market maintained its firm nesa during the week under re view and several counters

were marked up higher with the volume of business was a moderate Investment counters were scale. Again firmer with Hong Kong Lands-improving to $53%, Hong Kong Trams to $20.25, and Star Ferries to $974, Hong Kong` Elec- trics were enquired for, at $70 after sales at this rate. Telephones (old) improved slightly with tran- sactions done at $23.50/75, the new shares being in demand at, 39.75. Dairy Farms. rallied to A buying rate of $23.75 after busi- ness done, at $23.00... Wharves reH.K. mained, unchanged with enquiries at $106. Among the minor issues China Lights (old) were again a spectacular feature, having chang- ed hands at rising prices from located on the Mezzanine Floor of Our New building is Specially Con-$9.00 to $9.80, closing firm at the The Business of the sbora Bank is adaptracted to provide all of these Im-latter figure. Hotela remained in d by the HONG KONG AND BHANUHA portant Qualities.

Hules may be

ILOILO

JOHURA

LOBE

ROWLIN

SUBABAYA

SUNUE PATENI TIENTSIN

TOKYO

TSINGTAU YOKOHAMA

Drops Accoste opened in Local Currency and Fixed Deposits received for one escor shorter periode su Exual Couping and during

see which will be quoted a suplicating. oog, 1st April. 4.

HONG KONG SAVINGS BANK.

BANKING CONFORATION.

10% THE HONG KONG AND BRANOUA

ailand on applicato

BANKING COMPONATION

V. M. GRAYDUAN,

Chit Manager,

Hoog Xuur. Mia February, 1988.

THE BANK OF EAST ASIA, LTD.

Bukhorised Cap

...$13,000,1123,00

SAFETY FIRST ! To: Safeguard Your Valuable

and Jewelleries. Deposit them in a Vault that is really: "FIRE - PROOF BURGLAR-PROOF DAMP PROOF !

OUR SAFE DEPOSIT VAULT

demand at $4.90, with sales offect- You may obtain a Safe Deposited at $4.95. Cements fluctuated

$2.20/30. Box in this most up-to-date Vault for between

Provident your own use at a very moderate Re-(old) came to business at $1.45. Ital

Sterling issues were unchanged, Inspection Cordially Invited,

Hong Kong Banks being met with THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ies House Street and Des Voeux Road, Central

..

Bars and Undivided Profile 4.000 THE BANK OF CANTON, LTD.

HEAD OFFICE:-HONG KONG

17, D Your Road Central

BOARD OF DIRECTORÉ :-

Bir Ehouson Chow, Chairm

LA Koon Chun, Eag, P. R. Leuk. Zo

Tas Tous, Pag., Chan Ching Bek. Egy Li Lan

d Leg., Hong Chu God, Eng, and Las Ting

Kan Tong Po, Yaq. Chilot ManagW.

Zi To Pune. Kog Manager.

BRANCHES AND AGENCIES:--

Manila

Belbourne

Nagasaki

How York

Piping

(baka

·

1'aria

Tasker Honolulu

Kovinen

Cabroo Fairoa

Уеленой

Semarang “Shanghai Bingoses

boushaps

kwaiom byday Talkoku

Takyo

Vanderver

Jokolame

very description of Banking and Exchangeį Los granted on approved business - Kazzačtai.

Ourant are opened in Loud Ouers dland Deponite esived for one rese sberter periode in. Loos! and Forolge Ostola

Established 191L

Head Office:-Hong Kong.

Authorised Capital

Fald-up Capital

Total Resources

$11,000,000 8,655,000 $2,170,482

Branches: Canton, Toishan, Shanghal, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,

Foreign Exchange and Banking business of every discription 'trans- acted.

Current Accounts opened and Fixed Deposits received for one year or shorter periods at rates which will be quoted on application.

Safe Deposit Boxes (vaționa mizes)| Ifer hire.

LOOK POONG SELAN,

TAR

Chief Manager.

teema which will be quoted on application. AMERICAN EXPRESS COMPANY.

Bale Depot Bow To Los.

MAN TONG PO,

Chiat Haq. Hong KoDg. 13 Surch, 1944.

THE BANK OF TAIWAN, LTD.

Head Office-Taikoku, FormDOR, Incorporated in Japan by Special. Imperial Charter, 1899.

Central Bank of Formosa, Notes

issued Average amount Y45,000,000

Branches and Agencies, Japan:-Kobe, Osaka, Tokyo, Yoko- hama, Keelung, Makong, Nanto, Shoku, Shinchiku, Taichu, Tainan, Talto, Takao, Tamaui, Toen, Karenko. Kagi, Heito, Giran, China-Amoy, Canton, Fooshow, Han-

kow, Shanghai, Swatow. Others:-Bombay, Hong Kong, London, New York, Singapore, Batavin, Samarang, Seerabays, Dairen. On and after April 20th, 1934, the rate of Interest on Special Current Depoalt 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%),

T. OHNO,

Manager."

Hong Kong Branch

3, Des Voeux Road, Central

+

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1880

Capital (fully paid-up) Yen,100,000,000 Reserve Fund

INC.

Head Offices-45, Broadway, New York

Capital Surplus

Reserves

‚U.8.$8,000,000.00 2,087,112,89

..!. 1,995,528.31

BRANCHES:-

Amarda Antwork

Osno

Glasgow

Alber

Auba

en

Borila Bombay

Bratan

Bela

Havans Hamburg Kinver Haldsburg Enverishen Jari Londo Irodal

Lagana LAUROR Marsolla

Nion

Pirma Earla Pulpo.....

alertid Roordaus Выть abangka.

Bomba pree

Mogapor

Testiju Tormica Vienna

enquiries at $1600 and Unions at $600. The tone of the market at the close remains firm and the ac- tivity of the past few days is more encouraging.

Business during the week has been done at the following prices:

Canton Insurances $270.00. Union Insurances. $511,-/515- China Underwriters $1.15. China Providents (old) $1.45. Hong Kong Lands $531⁄4. Hong Kong Trama $19.80/20.—— China Lights (old) $9.50/9.65. Star Ferries $974-

Hong Kong Electrica $70,- Cements $2.13/2.36. Dairy Farms $23.---- Humphreya 39.36, Hotels $4.00.

Antamoks 71/72 eta. Benguet Explorations 221⁄2 cts. Benguet Gold 40 ctm.. Benguet Consolidated $14.— Ewos S$9.85/10.10.

(THE CHINA & SOUTH SEA BANK, LIMITED

(Incorporated in China) Head Office ... Shanghai Capital

Reserve

Branches

$7,500,000.00 $1,500,000.00

All Important Cities):

in China- Foreign Exchange and General) Banking Business transacted.

Current and Saving Accounts opened and Fixed Deposits received for one year or shorter periods at rates which will be quoted on application.

SOU Z. CHANG,

Manager. HONG KONG BRANCH: 24.. Des. Voeux Road, Central Manager's Office.....Tel, 83565. $3606 Foreign Exchange Dept.

Calre

Calenta Canber

Calor able Edinburgh

Gensys

Jopenhagen

Monte Carl

Monke

Montreux

I

Venice: $ Ikon Kuriska

General Office

Cashier's Office

Branches of American Express Com pany

in Principal cities United States of America and Canada.

All classes of Commercial Banking Pransactions undertakem.

Personal investment accounts handled.

33567

33569

THE MERCANTILE BANK-OF-

* INDIA, LTD.

HELD OPPIOD:

1 Grescchurch Etreet, London, EOS-

Authorised. Capital ....£3,000,000 Subscribed Capital .... 1,800,000. Paid-up Capital

...... 1,050,000. Reserve Fund & Rest.. 1,247,482 · The Bank of Ragland & Midland Bank, Ltd. ́

BRANCHED The Company offers to intending Magna Tak

New York Travellers the use of its "Travelers Bombay Kandy,

Manang Choques" and Letters of Credit: and,

ON

la addition, the world-wide services, Dek of its thoroughly equipped Travel De-

Yen.124,260,000 partment.

Head Office:-YOKOHAMA

Branches and Agenėtos at: Alexandria

Batavia

Berlin

Bombay

Calcutta

Banton

Nagasaki Nagoya New York

Onaka

Parts

Peipios Dairon (Dalny) Rangoon Fengtien (Mukden) Rio, la Ieneiro

San Francisco Seattle

Hamburg

Hankow Harbin

ctulu

Bemarang

Kong

Shangha

Singapore

Karachi Kobe

London

Hainking

Los Angeles

Moj

Soerabaya Sydney

Tientsin: Tokyo Tsingtau

Interest

Gawadon

Depoalts vefred for fixed-

29 rates to be obtained on applicat

KISHINAML

Manager. Hour Kopp, 11th September, 198 L

I. FENBON, Général ManaguE,

THE WING ON BANK, LTD. HỒNG KONG

Authorised Capital #10,000,000.

Foreign Exchange and Bankas Business of every, description" transact-

"Current: Accounts "opened, Special Deposits received at special rates, and Fixed Deposits received for one year or shorter period at rates, which will The quoted on application, pedum |

Safe Deposit Boxes (various sizes) for hire,

PHILIP GOCKOBIN

GOCKCHIN Y Assistant Manager »»

PONG

Challe

Howcak

BANKRES

Kuala Liple

Kuala Imput-“

Shanghel Emamina (Fabang) Bila

Singapor

HCSO KONO BRANCH Hvacy donezipodem cf Banking and Buskaspi bində DOM LIBRAICtual.

Travelies Conque iamai..

Trustee and Executorships Ender

taken.

INTEREST'aiment on. Curried" Accounts and Fixed Depoalia, di. Fatos that may be securlsland fan appčiošilen

7. 3. 2006, $1, Queen's Road Ortual,

Hong Kong, 12th June, 1986.

THE SHANGHAI COMMERCIAL

SAVINGS BANK LIMITED * (Incorporated in China)

$5,000,000, Capital paid up

$7,000,000. Capital Saving Dept, $500,000, Reserve Savings Dept. $500,000+ Ben Hand Olica-Shanghai

Reserves

„A Bank having an 150 industrial development and the fostering of her compar ein relations abroad.

Douglases, $41 n.

..

Steamboats, $74. Indo-Chinas (Prof.). $30 n. Indo-Chinas (Def.), $83 m. Shells (Bearer) 44/4_n. ̈· Union Waterboats, $13% n

✓ Mining. Antamokos 70 eta, a. Balatocs, $37 n. Baguio Gold 40 cts, n. Benguet Consolidated $18% 2. Benguet Exploration 221⁄2 cta. a. Benguet Goldfield, 20 cts. n. Big Wedge, 10 ctx. n. Gold Creek, 21 cta. n. Gold, Rivers, 21 cts. n. Ipo Mining $20. Itogans $6.30 n

Salacota 16 cts. n. Kailan 20/- n.

Langkats (Single) Sh. $15 n. S'hai Exploration Sh. $5 n. S'hai Loans, Sh. $6 m. Raubs, $11 a. Venz; Goldfeld

Docks, etc.. H.K. Wharves $1061⁄2 b.' H.K. Docke, $12% n. Providents (oid)' $1.40 b. Providenta (new), 50 ̊cta. n.. Hongkews, Sh, $810 m. New Engineerings, Sh. $54, S'hai Docks, Sh. $120 n.

Cotton Mills.

Ewo Cottons Sh. $9.85' sa...! S'haf Cottons (old), $741⁄2 n. S'hai Cottons (new), $45, n... Zoong Sings, Sh. $9.40 n. Wing On Textiles, Sh. $55 n.

Lands, Hotels, etc. H.K. and S. Hotels $4.95 b. H.K. Lands $3 b., $54 xx.

Debeatures H.K. Lands 4%

10114% R. Shanghai Lands, Sh. $25 Metropolitan Lands, Sh. $18 n. Humphreys $9.35 sa. HK Realties $4.65, Asia Realtles "A", Sh. $100: n. Asla Realties "B" Sh.$20 Chinese Estates, 390 n... China Realties, Sh. $124. China Debentures Sh. $187 n.

Public Utilities

activity has reported that October freight rate increase.

"The heart was so calcified that it had almost turned to stone.

"It is remarkable that the man had been able to live so long."

The verdict was "Suicide while insane."

cash farm income was U.S.$736,- Grains: There was heavy proft-Calcification is the process in 000,000, as against U.S.$659,000,- taking in Wheat and especially in which tissues are hardened by A 000 for September and U.S.$620,- Corn owing to unsettlement factors, deposit of lime salts. 000,000 for October of last year.

Unfavourable factor:-

the possibility of a large amount

of foreign grain imports and `the|

.::

(1) The gasoline, price in Phila-refusst of cash buyers to follow LATEST QUOTATIONS

New York, Yesterday.

Prev. To-day's

cloas

close

4.00

4.04

12.50

12.53

13:60

108

(delphia has beon reduced by a half the upturn in the "spot" situation. cent and price cutting spreads la The technical position is strained.

The following quotations have deen. the New York area.-United Press,

received through Messrs. S. E. Levy "Cotton: It is generally rumour and Company

American and the per S. E. Lovy and Company, ed tha here was poor releasing and Oriental Finance Corporation: S. E. Levy And Company's Report a fair amoun of "spots" to mer- In their market report, Messrajchants which the market absorbed. S. E. Levy and Company, corres- There is considerable bedging. The

N.Y./London pondents for Messrs. Whits. Wald market acts well under selling and cross-rate and Company. New York state: demand is constant....

IN.Y. Cotton-May "Stocks: After the recent ad-

13.60 "Rubber:-The market was quiet. N.Y. Rubber May

..103% vances the market is again ap-Commission House were the prin-Chic Wheat-May

Chic Corn May 92% 91% praising the outlook. The following cipal buyers, Dealers were selling. Montreal Silver-Mar. 65.35 $4.95. groups appear top-heavy: Building, holding the market down. Senti-Silver Official

54% motors, steels, airplanes, tobacco, ment is becoming more hopeful,

Dow Jones Averages distilleries, rails and stores.

To-day's i "Flash: Annalist Index of Busi-

Dec. 6 close. Change the other hand the following appear ness Activity: 78.6 against 76.3 last 30 Industrials 103.47 103.16 to be more favourably situated in week. The Automobile output in 20 Rails... 37,75 - 37.14 the market: Coppers, golds, silvers, the United States was 11,389 units 20 Utilities 18.81 18.65 95.14 .05,25 40 Bonds ... sugars, utilities and oils, which compared with 13,000 units the'pre-| seem to be in a negative position, vious week. Money in circulation 11 Commodity 62.19 61.99

17 Leading Stocks though we would prefer to buy increased by $29,000,000 to $2,784,- Amer Can rather than to sell the latter at these 000,000. Liquid Carbonic has de Amer Smelt. levels. Business done:-1,020,000 clared an etra dividend of 25 cents." Amer T & shares.

Auburn --Reuters...

Case Du Pont..

On

Latest Quotations

El Bo & Sh

have Gen Motors

"Bonds U.S. Government Bonds were a shade better. High grade bonda showed a good undertone but The following quotations second grade issues were slightly been received by Mesars. S. E. Levy lower.

and Co, and the A.O.F.C.

"Grains: There was heavy profit- [tuking, especially in Corn, on reports

December

of large United States purchases of New York Cotton:- Argentine corn. Opinion remaina unchanged. Wheats Total sales:- January

182,868,000 bushels, Corn:

sales:—18,466,000 bushels.

Int T & T McIntyre Montgomery Ward Net Distillers N.Y, Central Socony-Vacuuma

Union Paelfie:

West E & M

£5

.81 off

.81 off

18 off

.12 up

.20.off

107

3756

109

Business done:-1,020,000 shares.

Dec. 6. Dec. 7.

Closing Closing

12.47

12.43

12.49

12.46

US Steel:

Total March

12.56

12.52

May

12.56.

12,53

"Cotton: We expect

higher crop figure, Demand for October (1985). cotton goods is being sustained.

u.. slightly July

12.40 12.49

12.23

12.22

Spot

12.70

12:70

13.00

13.09

13.20b

13.21

13.41 ·13.41

18.60

"Rubber: There has been a better New York Rubber:- fastory business. Offerings of December Jactual rubber

Total sales;-159 lots.”~Reuter,

.

13.60 13.80 18.60 14.00

284*

54%

H.K. SHAREBROKERS”

ASSOCIATION

Stock Report

The following report was issued: by the Hong Kong Sharebrokers* Association yesterday afternoon.

Banks $1600: b

Bank of East Asia $89, b. Underwriters #1:10 b

Gold Rivers 21 eta, b, 21%

Ba,

Hotels $4.85 by $4.95 s..

were

moderate. January

March

n.

The following. telegrams were re-May ceived by Messrs. S. E. Levy and Co. July from Reuter*-----

..

September

14.00

The American Railway Assocla-Chicago Wheat:- tion has reported carloadings at December

102

488,000 unita, a decline of 11,000 May

101% 103% 10814

Unions $500 b,

units from last year. No. 1.. Heavy July melting steel scrap at Pittsburgh Chicago Corp:- .as advanced by. $1 per ton

97

97%

Douglases 40% 6.

Ac-December

95%

94-

cording to dealers, a scarcity in May

924 91%

scrap is not surprising in view of July

89%

88%

Lands $68 M. VAN

the huge exporta of the past year, Winnipeg Whest:~~~

at the same time, the advance is December

79/2

79%

Wharves $106 b.

construed as presaging a further May

841⁄2

84%%%

rise in the activity of steel mills. July

85

According to the National Indus-New York Sugar:~' trial Conference Board, the unem-December

Trama $20 b., $20,20 a.

1.84

1.90

Ferries $97 b

ployed for October totalled 9,604,000 March persons, a decline of 346,000 from May September and 41,000 from the cor-July. responding-perlod-of-last-gear.

1.80

1.80

1.83

1.85

Lights Old $9.60 d.

1.87

1.88

New York Silk:

Al-December

1.27

1.29

1.30

1.10 1.81

H.K. Tramways $20.15 b. Peak Trama (old), $14 m. Peak Trams (new), $7_n. Star Ferries $97 b., $9711⁄2 su. "Yaumati»Ferries. $223⁄41⁄2 ̧¤...

C. Light (old) $9.90 'b, C. Light (now), $9.70.b.

H.K. Electrica $70 b., $703⁄41⁄2 s3. "Macao Electrics, 25 m. Sandakan Lights 158_n. Telephone: (old), $281⁄2

$2314/23.65 sa.. Telephone (new) 89 China Buses, Sh. $13.20 m.-. Singapore Tractions 4/8 b. Singapore Pref. $17/9 h.

Industrials

b.^-*

Malabon Sugars, 18.70 m. Cald: Macg. (Ord.), Sh. $21 n. Cald: Macg. (Pref.), Bh. #20 n. Canton Ices $2.90. b. Cements $26. H.K. Ropes, $4-12

b.,

Stores, etc. Dairy Farms $281⁄2 b, $28/28%,

Watsons $5.n.

Lane, Grawfords 18.65 Mackintosha, #21°n\\\ Sipoeres: $914 KSA Win, Powella, 70 cta, n. Wing On (HK) 3105 m.

Miscellaneous H.K. Amusements, $234 Entertainments, 371⁄21⁄2 8.C. Enterprises, $1 a... Macao “Greyhounds”, 32 s. Constructions (old) $1.90 m. Constructions; (new) 78, chì. b. Vibro

57% 1925. G#Bds-929

8% prom

Ch

Favourable factors:-(1)' though the market is apparently March consolidating its position, there is May

Humphreys $9.35. a.

Providents Old $1.40 b., $1;46 84..

Providents New 30 cts, s

Yaumati Ferries 321% b., 22:

Lights New $9.40 b. Electrica $70 b.

1.294Telephones Old $23%.b.

Telephones New $9 b. Cements #2.25 b., $2.35 a Ropes $3.80 B. Dairy Farms $283£ b Constructions New, 15 cta. b. Watsons 34ÁNARI Gold Bonds 90% *.** 8. C. Enterprise $1:30 b.

54:76 (458.95b| 55.35 54.95 65.90% 55.48b 56.60m 56.15n B-BID: N.:-NOMINAL

no indication of a loss of confidence. Montreal Silver: (2) The belief that an unsatisfed December [demand for stocks for Investment March and speculation still exists. (3) A May forecast of a further substantial re- July covery through co-operation between business and the Government. (4) A substantial increase in weekly bank clearings.

Re

Unfavourable factor:-(1) newed hesitation in Railroads, es- pecially in view of the expected un- favourable report on loadings, is likely to retard the market,

Winnipeg Free Press reports that Mr. McFarland is expressing the

Is It Insured? ?

Insurance ** All Classes:

LOWEST RATES American Asiatic Underwriters Fed, Inc., U.S.A. General Agents

H.K. Ofer

Asin Lito

„Building:

S. E. Levy & Co.

UNDERWRITERS AND DISTRIBUTORS.

SECURITIES AND COMMODITIRA

·BOUGHT- AND - SOLD ON COMMISSION

DAILY NEW YORK STOCK AND COMMODITY SERVICE

{embers;

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

CORRESPONDENTS. FOR

WHITE, WELD & CO. NEW YORK

TICE HOUER STREET, HONG KONG,

Tal 80101 and 90108.

Belco