1935-03-09 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION:

Authorised Capital ......$50,000,000 |

THE CHARTERED "BANK OF INDIA, AUSTRALIA & CHINA.

Issued and Faily Paid-up. 20,000,000 Incorporated by Royal Charter, 1858.

Reserve Funds:

Sterling £4,500,000 Silver. $10,000,000: Reserve Liubility of Pro-

prietors

HEAD OFFICE: LONDON

Paid-up Capital-

*20,000,00:

Reserve Fund

.48,000,000 .£3,000,000

D&D OFFICE HONGKONG.

Reserve Liability of Pro-

prietore

BOARD OF DIRECTORS,

Alor Star

B. 1. Dadwell, £ 24.

Chilemon

•G C, Knight Kuq. Deputy Chairsana.

W. II. Bell, Esq. K. S. Morrison, Esq.,

A. II. Compton Esq.

Hon. Mr. J. J. Paterson,

Hon. Mr: C. G. S. Mackie, N

G. Miskin Esq., T. E. Pearce Esq.,

MOT

V. M. Graybarn, həqə

Chief Meanger.

BRANCHE-

KUALA LUMPUR BANDUN

MALACOA

MANILA

UAH (Johor)

MORDEN.

NEW YORK

*PEIPING"

RANGOON

PENANG

·BANGKOK

MATAVIA

MONDAY

DALOUTTA

CANTON

ON KFOO

COLONEO DAJBEN #DOCTO

HAMBUNG

BENKOW

HARRIN

ILON 1200

LYONS

SAIGON

SAN FRANCIADO

SHANGHAI

RINGAPORE

LOURADAYA

-TIENTSTN

TURYO

TSINGTAO

JOHN

ROWJON

YOKOHAMA

Astra Hugkom

Bombay Caleuite

Cantos

.£3,000,000

Agencies, and Branchesi,

Ipoh

THE CHINA MAIL. SATURDAY, MARCH 9, 1935

Commerce and Finance

NEW YORK STOCK EXCHANGE

Reuter Quotations

March 8.

The following quotations from New York have been rocèlved by Router.

m

Cawnpore emba

Cabs

Haiphong Habura Wankow Harbin

Klang Kobe Buela

Lumpur Kubizz Kudrna Hagta Kadan

New York Felplas

(Foling)

Else Food Kaleon Bemarang Berambas Bhangkal fingapre Blawin Bourabays Telping Tholes Toogkas

(buker) Talustoo Tokoba Zamboangs

Forsig="Exchanga' and Onsors) Banking business

Cutreal Accunia opened and Plead Depoelia

| moslvid, for our par de alorier perioda na rutas

which will be quoted on application.

וי -

· Established 1912.

· Head· Offles:—Hong Kong,

Authorised Capital...

Paid-up Capital Total Rasmurcen

32,170.498

N.Y/London N.Y. Colton

July, Oct;

close

11.00 10.15

March 9. 4.77% 4.79?[4.78%

Current Accounts opened in Lassal Cureaney Branches: Canton, Tolehan, Shanghai, N.Y. Central *13%

Gaded Iluposite receive for one your of skeeter periode in Love Company and illog

iaru which will be qucted on sppileation Tong Kong, 25th February, 1935..

Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,

Foreign Exchange ·and · Banking business of every discription | trans-|- acted:

LOCAL SHARES.

TODAY'S QUOTATIONS.

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

Banks.

H.K. Bank $1800 b., $1300 su. H.K. Band (London) £1291⁄2 ni Chartered Bank £151⁄41⁄4- n." --. Mercantile Bank A. & B. 3814 Mercantile Bank C. £181⁄2 W. - Bank of East Asia. $851⁄2

Insurances.

m.

NEW YORK STOCK

MARKET

2th Sound

Sugar Status Now Healthier

PLAN TO ASSIST COTTON FARMERS APPROVED

In their market report, Messrs. S. E. Levy and Company, corres pondents for Messrs. White Weld and Company New York stata

"StocksWe continúe" to "feel that low interest rates and indus- trial activity warrant an accumu- lation of good dividend stocks. Business done-440,000 shares.

aupply Sugar: The domestic

Kay Francis takes a leading role in "British Agent,” which is coming-ahortly to the Alhambra."

SHARE MARKET

COMMODITY PRICES

The following quotations have been received by Router.

New York, to-day.""

New York Colton:-

March.

July

September

October

Mar. 7. Mar. 8.

-12.20

12.18

May.

12.81

12.29

July

12.98

12.35

October

12.26 1218

December

12.82

12.24

January (1936), 12.36

12.28

Spot

12.50

12.45

New York Rubber

March

12.08*

12,09

May

12.18

12.19

12.82

12.81%

12.46

12.48

12.63

12.54

December

12.07

12.70

Chicago Wheat:-

May

90

961

July

90%

90%

September

90

Chicago Corn:-

May

82%

822

July

78%

78

[September

75

Winnipeg Wheat:-

May July.

88%

..84% 84%

New York Sugar:—

Old New Old New.

........

2.10 2.09 2.12 2.11

2.16 2.16 2.17 2.17

Aw: 0. Finance Corp. Sh.$20 m quotas practically insure the con- China O. Fla. Ord, Sh. $1.80 m.tinuance of sellere in the market for actuale, Trading in sugar China 0. Fin. Prať Sh.: $435'a."

Futures is steadily broadening and profit-taking is keeping the techni cal status healthy. Higher prices are expected, as the high consump tlon season is nearing. Total sales: Old: 4,000 tons, New: 7,000 tons. "Silk:-Pressure on the market is subsiding. Statistically and technically the gradual upward

Hong Kong, March 9, 1985. trend appears to be warranted.

Mr. G. A. Harriman's weekly March Total sales-25 lote.

share report and market review May "Commodities: Conditions issued at noon states:-

July the rest of the Commodity markets

We experienced a bearish market September remained unchanged.

during the week! under review 'due December

H.K. Fire Ins. $220 b.. International Assco. Sh.

Shipping.

Douglases $391⁄2 ¤.. H.K. Steamboats, $71⁄41⁄2 n. Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.), $38°n.-

·Shells (Bearer) 849/4%1⁄2 n« Union Waterboats $121 n.

Mining.

12:38, 12.30!! 12.38 12.26 12.23 12.22

Wheat May 90 A. BREARLEY.

July Manager, Hong Kong, 1xt. January, 1935, C. Corn May 62% 83% W. Whent May STOCKS

NY. Rubber

July Sept.

12.32 12.42 12.40 12.57

C.

12.66 95%

90%

90%

Canton Inc. $260 n

82%

834

Union Ine. $410" b.

China Underwriters $11⁄2

THE BANK OF CANTON, LID. Con Gas N.Y..

Amer' Smelting 86

354

354

China Fire Inï. $490 m.

17

17%

17%

Du Pont

02

0214

9216

Elec Bond & Sh

4

44

HUSBEI PATANI

General Motora. 28% Int Tel & Tel $11,000,000 Loew's Inc

8,665,000 Montgomery W. 23%

Nal Distillers Standard Oll NJ 38% [U.S. Steel

20

28%

,,,,

35% 25%

+36

2014

244 24 28% 26 13% 1844 38% 88% 31% 314 31

LONDON EXCHANGES.

or

London, Yesterday.

Balatoes $48

Paris New York

'71 10/82

4.774.

Baguio Gold 89 cts. n.

Montreal

"4.82

Brussels

20.29

Benguet Exploration 15 cts. n. Benguet Goldfeld 10 cts: p.

Geneva

*14.54

Big Wedge, 10 eta, n.

Amsterdam

6.984

·Milan

66%

Berlin

Prague

Madrid

Athons

Bucharest

Shanghai

Hong Kong.

2/- 5/16

Other rates unchanged

Rauba $5 8.

27

Venz; Goldfield $5 n.

27% 105%

Docks, etc..

HONG KONG SAVINGS BANK

The Hulace of the above' Bunt le conduct- the ILONG KONG AND CHANDRAI Hules may be

BANKING CORPORATION.

Messina on application,

FOR HONG KONG AND CHANGHAI TANNO CORPORATION

V. M. URATURN,

Chief Munsone,

Hong Kong, 25th February, 1935,

THE BANK OF EAST ASIA, LTD.

Herbolond Capital

Paid-up Capital

Boorta and Undivi. Prosti

810,006,800.00

HEAD OFFICE-HONG KONG

11, I Vous Blood Coxies'

BOARD OF DIRECTORS —

LA Even Chas, ng, P.

I

Tour, Zag. Chip Chiog Shel,

May

Dalouste

Wood

Lag. Wong Chu Bon, Eng, and Kau Ting!

Kan Toos Po, E-.. Is I Fong,

Beaton Tighang

Hecolulu

Kobe

Esw.com

BRANDRES AND

Manita'

al war

High

Hawk

· Osaka

Polsta

PILATE

Diagnos

Swiyom

Chiat Manager

Manager.

ADENCIES

Sea Prapolone

Battle Semarang

Singapore Gobaya

Бубко

Tianlala

Telboks

Tokra

VADBOLTI

Tokobane ་་

Bvery description of Danking and Exomango business transach. Loan granted an, approved

secure.

Current Aroouple oprand la turno sat Fixed Depofte reosired for us your acher perlot In Local and Faraign Currendas

ferma which will be quoted so "Applātnikom. Bei's Dept Hose To Let

KAN TONG 20,

Chlet Maangst.

THE BANK OF TAIWAN, LTD.

Head Offer: Talhoku, Formosa, Incorporated in Japan, by Special Imperial Charter, 1809.

Central Bank of Formosa, Notes

ispard Average amount 1,45,000,000

Branches and Agencies:

Japan:---Kobe, Osaka, Tokyo, Yoko-

Current Accounts opened and Fixed Deposits received for one year |shorter-perioda, at rates which will "be

quoted on application.

Safe Deposit Boxes (various siuna) few hire.

LOOK POONG SHAN,.

-Chia? Manager

SAFETY FIRST !

To Safeguard Your Valcables

and Jewelleries: +1 Deposit them in a Vault that is really:

FIRE-PROOF BURGLAR-PROOF DAMP-PROOF 1.

OUR SAFE DEPOSIT VAULT |focated"; _on_the_Mezzanine - Floor__of Our New balilding is Specially Con- structed to provide all of these Imə! [portant Qualities. *

You may obtain a Safe Deposit Dox in this most up-to-data Vault for your own use at a very moderate Ren-| tal

Inspection Cordially Invited. THE NATIONAL COMMERCIAL

& SAVINGS BANK, LTD. Corser of Ice House Street and Des. Voeux Road, Central

THE

AMERICAN EXPRESS COMPANY, INC

Head Office: 65, Broadway, New York

Capital Surplu Resrver

‚U.S.$8,000,000.00

Flats Huldalborg Taterlekar Jerunalar London Liverpool.

2,087;112.69

1,995,529.31.

BRANCHES:--

Amsterda Antwor

Ga

Atbung

The Hague

hama, Keelung, Makong, Nanto, Shoka, Shinchiku, Taichu, Tainan, Taito, Takao, Tamsul, Toan, Karenko. Bowley Kagi, Heito, Giran.

Asia

Heali Berla

Have Hamburg.

Milan Klos Naples Ріпки Paris Petplay.

Brumad

China-Amoy

Eleza Cairo Calculia

Jannie

Onlarda

Copeshagen Batavia,

Lazer

Dublin Rainbergh Flores Genera

Mamallar

Monte. Badir

Maolla

Manich

Vin Venic Tokohama Zuric

Mostro

Canton,

Foochow, Han- kow, Shanghai, Swatow. Others: Bombay, Hong Kong, London,

Singapore, New York,

Famaran Boerabaya, Dairen Un and after Aprli 20th, 1934, the rate of Interest on Special Current Dep it will be at 1%% p.a. on' deliy balence and the rate for balance over $10,000 will be quoted on application (Maximum rate-16).

Y. ORNO,

Manager.

8. Des Voeux Road, Central

Hong Kong Branch

THE YOKOHAMA SPECIE BANK LIMITED

Established 1880

Japital (fully paid-up) Yen 100,000,000 Eeserve Fund ........

Yen 124.260,000

Head Once TOKOBAMA

Branches and Agencies at:

Nagasaki Nagoya

Alexandria

Batavin

BERUST

Bombay

Calcutta Canton

Dairen (Dalny)

New York Diska

Paris

Peiping Rangoon Fangtien (Mukden) Rio de Janeiro Hamburg Hankow

Harbin

Hong Kong

Honolulu

Heinking

San Francisc0.7%

Status

Boorabaya Sydney

London

Los Angeles

Manila Moj

Yingkow o Inzarast, allowed on Üzirkat Ao

Tientsin Tokyo Tsingtan

Lucaras .Lugane

Pater 170 Bolterdam Во Shinghs! Forthampto

Riagepo

Tientam

Thomas

Branches of American Express Com- pany in Principal cition of United Btates of America and Canada

All classes of Commercial Banking Fransactions undertaken.

Personal investment accounts handled.

The Company offers to intending Travellers the use of it "Travelers |Cheques" and Letters of Credit and, In addition, the world-wide services Ita thoroughly equipped Travel Da partment.

Silver Spot

Forward Warloan

11.73

112%

34 9/16 495 sellers 4674 1/7.7/16

British Wireless Service.

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFIC®;"

16, Gmoschurch Straat, London, EC. Authorised Capital

....£8,000,000 Subscribed Capital 1,800,000 Paid-up Capital :................ 1,050,000 Reserve Fund & Rest....... 1,247,482

BANKE The Bank of England) Bonk, Ltd.

BRANCHER:

· Zwe York

Kandy,

Palestin Commen Talbi

пота при

Tipia

mpur

Howeak

Kuantan (Fabang) Bimla, Kindr

HONG KONG BRANDI

IMALISTIKO) Flangeon. Shanghai

Every description of Banking and Rashanga bosl- ness truasacted,

Travellere Chaquae tanjak,

5%

Trustee and Executorships under kaken.

וידי

INTEREST allowed in Current Accountə sad Pized Deposita et Batse That may be dogtaland.

application.

J. B. BOSS, FA

Manage

17. Queen's Road Central.

Hong Kong, 12th June, 1984,

THE CHINA & SOUTH SEA BANK,

LIMITED

Reserve

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

$7,500,000,00 .$1,500,000.00 Branchen......All Important Cities

In China N Foreign Exchangs and General Banking Business transacted.

Current and Baving Accounts opened and Fixed Deposits received for one year or shorter periods at gates 1

which will be quoted on application

BOU ZCHANG Mega, #Mainger, HONG KONG BRANCHING 24, Des Voeux Road, Central. Manager's Office Tel. 25505 Foreign Exchange Dept. 83666 General Office

83507 Cuahler's Office

· 82509.

DWD== }} | THE SHANGHAI COMMERCIAL E. W. DUGGAN,

"& SAVINGS BANK LIMITED Mansgez

(Incorporated in China)

THE WING ON BANK, LTD. HONG KONG.

SAYOR

Authorised Capital $10,000,000

“Foreign - Exchange "and · Banking. Business of every description transact ed.

Current Accounts opened, Special Deposits, received at special rates,” and Fixed Deposits received for ens posz ex shorter period: at rates which will be quoted on application

Bafa Deposit Boxes (various mixon) for hire,

~~PHILIP GOCKCHIN"

Deposits received for fixed perioda Cawty Chlef Manager "

rates to be obtained on application. 1, GOCKCHIN-*

CKISHINAMI,STUK

Hing Kong, 11th Heptember, 1986.

(Assistant Manager:

THULI SHU FONG:

Capital paid up

· Reserves · (4

Capital Savings Dept.

*Kosárra · Savings" Dept.

"Head' Office-Shanghaiis

“A Bank having, sa ita-mission tha Industrial development of China gand the fostering of her cOME

Cimi relations" abroad.") by Hong: King ofliceni! Its He

20 Phone 21411:33

QUICK

PRINTING

ERVICE

Plant

"THE NEWSPAPER ENTERPRISE;

Antampka 88 cta. sa

Benguet Consolidated $14 n.

Gold Creek 881⁄2 ets. n.

Gold Rivers 171⁄21⁄2 cta. 'sa.

Ipo Mining $1% ng

Itogans 42 cts. n.

Salacots 16 cts. a. Kailan-17/- n.

Langkata (Single) 8h. #16 n. B'hat: Exploration Sh. $5 n/ S'hal Loans, 8b. $6 n.

H.K. Docks $111⁄2 n. Providents (old); $1.20 n.. Providenta (new) 25 cta, n Hongkewa, Sh. #309 in. New Engineering 3h. $5. S'hai Docks, Sh. $120 n.

Weekly Report

'#'

2.05 2.05 2.07 2.07

2.21 2.21 2.22 2.22

2.27 2.27 2.28 2.29

1.30% 1.30

1:30

1:30

1.291⁄2

1.29

59.50

50

59.80

15b

60.40 60.10

60.80 50.80

bid.

"Flashes-A-message- on the ticker to-day states that President principally to the rise in exchange New York Silk:- Roosevelt-approves-of-the-Smith (to two shillings) causing the March 5, rejs

withdrawal of funds for conver-May plan to impound 5,500,000 balession into sterling and nearly all July of cotton for two years, but there

* Montreal Silver:— stocks were marked down to will be no new crop loan. Tire pressure on new crop is increna reluctant to trade in any quantity,

certain degree with buyers still March.

May... ing

July consequently sterling counters Carloadings for the week ended again suffered

B. decline with September March 2 totalled 603,000 units, Hong Kong Banks transacted decrease of 1,000 units as compar-$1310/40 and Unions at $410/20. ed with last year.

at

Investment issues were drastically H.K. SHAREBROKERS" EA. Pierce And Co.'s Report

jmarked down, Hong Kong Lands In their market report, the having been done as low as $44,

ASSOCIATION American Oriental Finance Cor Hong Kong. Trams at $17.90/18.00 peration, correspondents for and Dairy Farms at $21.85/22. Messrs. E. A. Pierce and Company Hong Kong Electrics and Tele of New York state:→→→

Stock Report

phones (old) failed to maintain The following report was issued "Stocks: The market was firm but their strength and were dealt in at by the Hong Kong Sharebrokers" featureless. Traders are still $69.75 and $24.50/80 respectively. Association yesterday afternoon. awaiting developments.

Minor issues, ruled much easier

Underwriters $1.30 b, "Grains: Trading was moderate with Hotela on offer at. $4.80 and

Uniona $400 b H.K. Wharves $101% n. Cum rte and featureless. Local shorts were Cements at $1.80. China Lights

Waterboats 812 b. the source of iate strength. Traders were still active and a fair busi-

Lands $44.XD-B... on the Winnipeg market are adoptiness was done at $9.90/10.15. Fro- Wing On Textiles $50 s. ing a waiting attitude. There is no vidents (new) enjoyed popularity Providents New 20 cts. b. moisture to relieve the dry condi- with sales effected at 25 cents.

Peak Trams Old 88% b. tions prevailing in the Winter wheat Philippine Mining shares were

Lights $9.90 b. belt. Country offerings of corn quiet though Antamoks changed were light, while Argentine news hands at 80/80 cents, Bagulo remains bearish,,,

Golds at 33/39 cents and Gold "Cotton: The demand was limited, Rivers at 172 cents. A large with no selling pressure. Liquida-parcel of Suyoc Consolidated, were tion has apparently been completed placed at 251⁄2 centavos, and Am for the present, but fresh construc-bassad rs at a centavos had ready tive factors are needed to raise buyers, The tone of the market prices.

at the closa is dasy.

Cotton Ms Ewo Cottons: Sh. $8.80 8... S'hat Cotton (old) $74 n. S'hai Cottons (new) $45, Zoong Bags Sh.‍$0.30 ́n. Wing On Textiles, Sh. $55. H.K. Wharves rights -$20’D. ' H.K. Wharves ex. rights $90-8

A Lands, Hotels, etė:/ H.K. and S. Hotels 85 H.K. Land $42: Ba...... H.K. Land 4%

102% 'n.

Rubber: The market was steady but quiet, while steady and less ner vous conditions were seen on the Debenturea London market. Liquidation seems to be finished. There was little commission kouse interest and n.dealers were the principal buyers.

Shanghai Lands Sh. $22 n. Metropolitan Lands Sh. $12.20 Humphreys $91⁄2 n.

H.K. Realties $5.10 n. Asia Realties "A", Sh. $100 n. Aata Realtles "B" Sh.$17 n. Chinese Estates $98. n. China Realties Sh, $9.60 n. China Debentures 8h.$128 .

Public Utilities

H.K. Tramways $18 b. and sa. Peak Trams (old) $81⁄2 n. - Peak Trams (new)," $6 n. Star Ferries 89 ea. Yaumati Ferries $22 n.

53.

n.

C. Lights 19.90b $10

$9.90/95 BR.PERSON H.K: Eléctrica. 869 Macao Electrics 825 n. Sandakan Light $8 n.. Telephone (old) 324 Telephone (pew) $10,15 n. China Buses Bh. $12.40''. Singapore Traction 10/8 n. Singapore Pref. 20/8-n.-

Industrials Malabon Sugar 381⁄2 ri. Cald: Macg, (Ord.), Sh. $16 n. Cald: Macg. (Pref.), Sh. $16 n. Canton Ices $2% n

Cements converted $7.60 n. H.K Ropes $3.80 ni

Stores, etc.

4

Dairy Farms $22 b., $22/22.85 a. Watsons $3.

Lane, Crawfords $3.75 n. Mackintoshs, $21 D. Bincores 38 B.

Wm. Powells, 70 cts. n. Wing On (HK). $105 m.“

Miscellaneous.

H.K. Amusements $1.85 n. Entertainments, $731⁄2 m B.C. Enterprises $1,55 n.. Macao "Greyhounds, $2 n. Constructions (old) $1.70 n Construction (new) 50 cts. n., Vibro Piling 151⁄44 m. -^-

Ch. Govt. 5% 1925 G#Bds.

98%% n

Sugar: Steady but quiet condi- tions prevailed. The prices of Raw and Refined sugars have remained unchanged. Cuban political condi- tions are becoming more acute." Reuter.

Mesars. E, A. Pierce & Company's report on the opening of the mar- kets:

.

The opening of Wall Street to day was mixed and light, but prices ruled firm.

Constructions Old $12 b. Constructions New-50 cts. b. Nanyange $4.50 b,

Govt Loan 83% 2% b

LUNGHAI RAILWAY TRAFFIC

RETURNS Vst:ZIL, O

Passenger and freight transpor Business during the week has tation receipts of the. Lungha Uk been done at the following prices: Railway Administration during 1983 Hong Kong Banks $1810/1840... totalled $9,200,000 according to Union Insurances $410/420, Hong Kong Fires $215. Providents (old) `$1.20. Providenta (new) $0.25, Hong Kong Lands $44/47.50, Hotels $5. 1.

$69/704

China Liga. # 39.90/10.15. Telephones (old) $24%/24.80. Cements $1.85/1.90. Hong Kong Electrfés Streamboats $6. Douglasds $39. Water Boats $12. Antamoks 80/89 cts.

Gold vers' $0.17%. Raubs $4.30/4,35. On the cotton market selling was

Bangulo Golds 83/39 cts. lighter but the demand was not

J.-L. Case The trade is waiting Elec Bond & Share aggressive. for crop and political developments: General Motors "Finshea: The Annalist Index of Int Tel & Tel Business Activity for this week is Montgomery Ward given as 85.8, as against 87.5 for Nat Distillers

N.Y. Central last week.

U.S. Steel Automobile output in the United States for the past week totalled 88,899 units.

Money in circulation increased by |$36,000,000, w

Carloadings for the week ended March 2 totalled 605,000 units, a decrease of 1,000 units as compared with last year.

Latest Quotations

The following quotations have been received by Reuter,

N.Y./London

cross-rato"

Prov. To-day" close close

$4.77% 3,78% NY. Cotton July 12.38 12.85 N.Y. Rubber July 12.82 12.81 Chicago Wheat-May 00% 00% Chicago Corn-May 82% 82 Montreal Silver-May: 59.80 49.45b Silver: Offciał

58% 58% Made Dow

Mar, 7 clone Change

30 Industrials101.17 101.58 41 up

20 Rails 22.07 28.95 20 Utilities 15.80 15.61 40 Bonds 95.81 95.72 11 Commodity H.K. Govt 4% Loan, 6% prem. 20

Indox 57.07: 68.05 08

10 Leading Blocks H.K. Govt. 34% Loan 2% prem Amor Smel

|Aubai

Wallace Harpers 3746 m.

Co

Business Done: 440,000 shares;

524

reporta issued in Heuchow. The largest, receipta were during Octo ber, November and December. More than 572,000 tons of goods. were carried over the line; most of the freight being cotton, foodstuff, coal and salt.

Is It Insured? ?

· Insurance===“All Classes LOWEST RATES American Asiatic Underw

Fed. Inc., USA.

„Head Ofica

17. The Band

Shanghal.,

Genaral Agenta

S. E. Levy & Co.

́7, ICH MOUSE "STREET›

INVESTMENT BANKERS, BROKENS

NEW YOLK COTTON EXCHANGE.

COMMODITY EXCHANGE); ING., NY, CHICAGO BOARD OF, TRADI

· GANADIAN : COMMODITY: EXCHANGE;

CORRESPONDENTS

WHITE" WELD SE 00G, NEW