1935-03-27 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

"Authorised Capital ... 15 ***

$60,000,000 Issued and Fully Paid-up. 20,000,000| Reserve Funds

£ 6.500.000 ...... $10,000,000

Sterling Silver.

Reserve Liability of Pro-

prietors

BEAD OFFICE: RONGKONG.

BOARD OF DIRECTORS."

Knight, Pry.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1953. BEAD OFFICE: LONDON.

8. II, Dolgell. Ruqya

Chalensa.

Beaty Chairman.

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

£8,000,000

Agencies and Branches:

Rangoo

Balros

Hemarang Beremban

Rhangbat

Paid-up Capital

Reserve Fund

.£3,000,000 £3,000,000

20,000,000

Reserve Liability of Pro-

prietor. ...

Ater Rins

- Italo

Amilcar

Hangkah

Karachi

Rateria

Tlambey

Klan Kobe

Kuala

Hugapima

Cantos

Lumtur

A. H. Compton Erq..

Cawnpore

Kuching

11on. Mr. J. J. Pateraon,Cabe Hon. Mr. C. G. S. Mackie,

Madena

Alliawan Rourabaya Triping

Coloube Delhi

Tatig

Madan

Tongka

G. Miskin Erg.,

T. E. Pearce Esq.,

Stalphos

New York

∙Bamburg

Peiping

Chief Manager.

(Peking) TOLADE

Yokohama Zamboang

DEANCHES-n

KUALA LUMPUva LONDON

RALACUA

*MOY

WANGRUR

MATAVIA MONDAY CALCUTTA

BANTON CHEFOO

COLOMBO DAIREN

OCHOW HAPHONG HAMBLING WANZOW

ARBIN

KEW

KONIE

WLOON

VM. Oraykaro, dog.

LYONK

MAN11A

MAR (Jober)

MURDEN

NEW YORK

PEIPING

PENAND

KAHOOON

SALOON

SHANGHAI

RAN PRANCIBCO

SINGAPORE

HARAYA

BUSHES PATANI

TIENTSIN

TOKYO

TRINGTAG

YOKOHAMA

Cal Aspunte opened in Local Curranny and Pised Dapol received for DAR yea of sbar parkids in Local Compray and Harling tering which will by minted or application Ilong Kong, 25th February, 1935.

HONG KONG SAVINGS BANK.

The Busine of the shova Rat contuot HONG KONG AND SHANGHA! WAKING CORPORATION, pand on application.

Rule

be

FOR THE HONG KONG AND SHANGHAI MASTING CORPORATION

V.. GRATBURN,

Chlef Manerer, Hong Kong, 25th February, 1885.

THE BANK OF EAST ASIA, LTD.

Sutherland Capitals

Pep Capital

$10,60,000.00 1,436:500.DO

HEAD OFFICE-HONG KONG

Leute and Undlriched Prof

19 The Yorus load Central,

BOARD OF DIRECTORS—

12 Loss Chow Chair

WORK

To That, & Chea Ching Rhol, Esq. Li Tan

traci.

Auker)

Farbow Turbin Hoai Boo

This Bachange and General Banking business Current Accruale aperoed and Hand Depot raceited for one year be shorted perfoda al isto which will be quoted on application:

A. BREARLEY.

Manager.

Hong Kong, 1st. January, 1935,

THE CHINA MAIL, WEDNESDAY, MARCH 27, 1935

Commerce and Finance

FINANCE COMMITTEE MEETING

-$37,037 Supplementary Expenditure Asked

expenditure

Supplementary amounting to $87,037 will be tabled for consideration at the Finance Committee meeting, following the Legislative Council meeting to morrow afternoon." "

The sum is made up of $1,000 for compensation to Mr., J. M. Lamont, late of the Hong Kong Police, in settlement of an action for wrongful detention: $11,200 for a hot water system in the' Maternity Block of the Victoria Hospital; $1,000 for the erection of a shed at the Tsat Tae Mui Gov-

THE BANK OF CANTON, LTD. ernment Quarry: $8,950 for a sewer

Extablished 1912 ·

Head Office:-Hong Kong.

Authorised Capital

Paid-up Capital

[Total Resources ...

$11,000,000 8,855,000 32,170,492

Branches: Canton, Tolshan, Shanghai, Bankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,

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

at North Point; and $14,887 for a telephone cable to Shaukiwan

"

·LOCAL DOLLAR ADVANCES

Silver Prices Improve

The local dollar has advanced 4. Current Accounts opened and Fized Deposite received for one year or opening on demand this morning at

horter periods at rates which will be 2/03%. quoted on application.

Safe Deposit Boxes (various sizes) for hire.'

LOOK POONG SHAN,

Chief Manager

SAFETY FIRST!· To Safeguard Your Valuables and Jewelleries. Deposit them in a Vault that is really:

.:FIRE-PROOF BURGLAR-PROOF DAMP PROOF!

Berg Ear, Word St Ron, Bay, and Tum TOUR SAFE DEPOSIT VAULT ́

Bourbay Deissti

sation

Xan Tuor Po, 3., Chlat Manage.

LA The Four Manage

BRANCHES AND LOENCIES:-

Nalla

Heturne

Samaraa Shanghai Bageport hourabsys Bw.slow Sydney Telbaks

ન

Nex, lack

Quali

Party

Huler

Taiping

Halo

Pankng

Hangoon

·Tinutain

Kawicam

Baigno

Tokyo

London

Fad France

VANDORTER Jokohamt

Exchange

------ vary, description of Baubing and

botas tradunted. Looks grunimi me approvvi sarili.

Accounts opened in Local Curren Current

Fixed podia received for one your or Shorter pari-la i Jenal and Forsign Curreacles be karma hich will be quoted on application.

Beds Repealt Bors To Int

KAN TONG PQ,

Chlef Mausgr.

THE BANK OF TAIWAN, LTD.|

Head Office: Taihoka, Formosa, Incorporated in Japan by Special Imperial Charter, 1809.

Central Bank of Fermoss, Notes

ied Average amount 7.45,000,000

Branches and Agencies.

Japan.--Kobe, Osaka, Tokyo, Yoko

hamu.

Keelung,

Makong

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

You may obtain a Safe Deposit Box in this most up-to-date Vanli for |your own uns at a very moderate Ben-

tal.

Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD, Corner of Ice Honsa Street and Des Voeux Road, Contrai

THE

Spot and forward silver prices also advanced a penny, being quoted at 28% and 20, respectively,

The London on New York cross- rate was quoted at £-U.S.$4:784; as compared with £U.S.84.77%

while the New York on London rate was quoted at £-U.S.$4.784, as compared with £-US.$4.78%.

THE MERCANTILE BANK OF

INDIA, LTD..

HEAD OFFICE:

18, Gracechurch St, Loodan,' 1.0.3.

Authorised Capital .£3,000,000 Subscribed Capital 1,800,000 1,050,000 Paid-up Capita! Reserve Fund & Rest.. 1,247,482 BANKERS

The Bank of England Midland Bank, Ltd.

DRANCHES:

Bangkh

Ipab

Bombay

Kandy

1.

Ami berk

Dalbi Cl

Kuala Lipia

Kuala Lumpur

Hoar Kw

Howest

New York Vansted.

[AUSTRIA)

Shanghal-

Kuantan (Pababg) Rimla Hindran

Singapore

ROSO, KONO BRANCH "

Every durcription of Banking and Exchange bil- |ness transacted.

Travilla Cheyes mood.

Trustee and Executorships under. taken.

INTEREST allowed

* Current Ansoumia sad

AMERICAN EXPRESS COMPANT, Mixed Deposit at Baled that may be securtatuad

INC.

Head Office:-65, Broadway, New York

Capital

Surplus

Reserves

IT.S.$8,000,000.00 '2,087,112,59 1,098,528.81

BRANCHES:-

Amalrico

Chavon

Nanto,

Aibaza

Cilangan The Fingao

AARUAN

Havana

Benise

Berlin

Nice Kaplo Tren Parle Palplo

Palermo

Bal Sardas

ito Shinchiku, Talchu, Tainan,

Shoke,

Kagi

ком

Tamaui, Teen, Karenko.

Heito, Giran.

Canton, Feochow, Han-

Batavia,

China-Amoy - Swatow. Others: Bombay, Hong Kong, London,

Singapore, New York Samarang, Soerabaya, Dairen, fin and after April 20th, 1934, the on Special Current rat of Interest Dep it will be at 1% p.a. on daily baience and the rate for balance over 110.00 will be quoted on application (Maximum rate-1%).

Y. OHNO,

Manager.

Bong Kong Branch -

8, Des Voeux Road, Central.

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1880. Capital (fully paid-up) Yen.100,000,000 Yen.125,800,000 Reserve Fund

Head Offen:-YOKOHAMA

Rranches and Agencies at: Alexandria

Nagasaki

Berli

Batavia

Rombay

Calcutta

(Dainy)

Nagoya

New York

Oinka Paris Pelpin

Fangtien (Murien) Rio de Jenstre Hamburg Hankow

San Francisco Seattle

Semarang

Shanghai Singapore

Boerabaya

Kong

Sydney

Tientata

Hrinking

Karachi

Kobe London

Los Angeles Manila

Tokyo

Tsingtan

Yingkow-

Boobay Bramen

Brussels

Caire Calecti Canter Colombo Cependan Jubila Painbergh Floreas Gocuva

+

..

Hamburg

Harma Weidelberg Tatarlakom Jerusale Londos Liverpool

Lurerne Lugabe Lusor

Marvell Moots Care

Munich

Mentres

Rome

Ahingha

Fonthampton Flampor Tiental Taormina Fitnes Vanica

Yokohama Zurich

Branches of American Express Com- pany In Principal cities of Daited States of America and Canada.

Jou application.

J. B. ROBS.

Hangar. T. Queen's Road Central,

Hong Kong, 12th June, 1934,

THE CHINA & SOUTH SEA BANK,

LAMITED

(Incorporated in China) Head Offee ...Shanghai

Capital

Reserve

Branches

*.$7,500,000.00 $1,590,000,00

General

...All Important Cities

in Cafoa

and Foreign Exchange Banking Business transacted.

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

BOU Z. CHANG,

Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central, Manager's Office ......Tel. 88565 83566 Foreign Exchange Dept.

88587 General Office Cashier's Office

... 88569

All clauses of Commercial Banking ***** Fransactions undertaken.

Personal Investiment accounts handled.

The Company offers to intending Travellers the use of its "Travelers [Cheques" and Letters of Credit and, addition, the world-wide services its thoroughly equipped Travel De- partment.

E. W. DUGGAN,

Manager,

THE WING ON BANK

LIMITED

Head Office: Hongkong. 26, Des Voeux Road Central, „Authorized Capital $10,000,000.

LONDON BANKERS-

Westminster Band, Ltd.,

Foreign Exchange and every descrip- tion:pf.banking businesses transseted. Current Accounts and Savings Deposits

Accounts opened.** Fixed received at rates which will be quoted

n

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED. (Incorporated in China)

Capital paid up: ..............$5,000,000, $7,000,000. Reserves................ Capital Savings Dept. 1500,000, Reserve Savings Dept. $600,000. Head Office—Skangkai

A Bank having sa its mission the Industrial development of China and the fostering of her compet- ciál relations abroad, di Hong Kong oderit. Len House #91. Phone #1481-15

Is it Insured?

Insurance All Classes - ZUNGALOWEST RATES E American Asiatic Underwriters Fed, Ino, USA. General Agents

on application. Special rates given Head Office

·Interori · kilowed toz trzyszt· Ao | Special deposits Executorship

www Trusteeship Vadon, Malta' recebred for fixed lode taken. Sate: Depolit Boxes for hire.

and

Baratos to be obtained on application PHILIP per]

Manager, L. GOCKCHINE

Asit Manageréd

Long 11th March, 1985

LI SHU FONG Aurt Manager

HK, Ofice

LOCAL SHARES.

TO-DAY'S QUOTATION

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

"Banks.

H.K. Bank (London) £125 m. H.K. Bank (London) £1261⁄2. Chartered Bank £14% n.N Mercantile Bank A. & B. $814 r. Mercantile Bank C. £131⁄2 p.. Bank of East Asia $854 n. Am: 0. Finance Corp., Sh.$20 n. China O. Fin. Ord., Sh. $1.80 n. China O. Fin. Pref Sh. $41⁄2 n

Insurnaces.

Canton Ins. $260 a.

Union Ins. $415 n. China Underwriters $1 ¤. China Fire Ins. $400 n. H.K. Fire Ine. $220 n.. International Assce. Sh. $5 1.

Shipping.

וי

Douglases $3014 m. H.K. Steamboats, $7 n. Indo-Chinas (Préf.), $80 n. Indo-Chinas (Def.), $33 n... Shells (Bearer) $48/0 n. Union Waterboate $12.

Mining. Antamoks 95 cts. n. Balatoes $48 n. Baguio Gold 39 ets. b. Benguet Consolidated $14 n. Benguet Exploration. 15 cts. n. Benguet Goldfield 10 cts. n. Big Wedge 10' ets. n.. Gold Creek 40 cts, sa Gold Rivers 17 cts, s. Ipo Mining $1% n..

togans 42 cts. n.

Salacots 16 cts. n. Kallan (Single) 16/6 n. Langkate (Single) Sh. $18 m. S'hai Exploration Sh. $5 n. S'hai Loans, Sh. 16 x. Raubs $5,15 n. Venz: Goldfeld 85 3. Docks. ele.

H.K. Wharves 380 n. Cum rts. H.K. Wharves right $10 Ba. H.K. Wharves ex rights $89 n. H.K. Dock $94 8. Providents (old), $1 n. Providents (new) 20 cts, n. Hongkowa, Sh. $309.m.. New Engineering Sh. $5 s. S'hai Docks, Sb. $120 m.

Cotton Mils.

Ewo Cottons Sh. $8.30 n. Shanghai Cotton (old) Sh.$74 n. S'hai Cottons (new) $45 n. Zoong Sings Sh. $9.30 m. Wing On Textiles, Sh. $55 n.

Lands, Hotels, etc.

H.K. Realties $6.10. Asia Realties "A", Sh. $100 n. Asia Realties "B" Sh: $15 n. Chinese Estates 90.n. Ex. div. China Realties Sh. $9.60 n. China Debentures Sh.$123. n.

Public Utilities

+

H.K. Tramways $16.65 n.

Peak Trams (old) $81⁄2 n.....

Hannah Fisch, sister, of the late Inndor Fisch, took the stand at the Hauptmann trial, to testify, that her brather died poor. She was brought from Germany to refute the statement that Flach left the Lindbergh ransom money with the sentenced Hauptmann.

BRITISH STOCK MARKETS FIRM

Government Stocks Close Strong

London, To-day Firm conditions prevailed

NEW YORK STOCK EXCHANGE

Modest Improvement Not Maintained

COMING NEW QUOTAS HELP RUBBER MARKET

NEW ADVERTISEMENTS

HONG KONG STOCK EXCHANGES;

Sfrom 1st April 1935 0

A$

Member shall be permitted to transact business for forward delf- [very unicas particulars as to the distinctive numbers of the shares

[the contrac. Ja

In their market report. Mesra,ought and/or sold are inserted in Such numbers must always be pondents for Messrs. White Weld unlied by the seller to the buyer

3. E. Levy and Company, corres-

did not alter the longer range' out. Book in view of the slow decline in business, the growing Railroad diff- Jeulties, and the continuing legisla

tive and monetary uncertainties, which are again asserting their in- fluence. Wa foresee further drift- Ing markets, with temporary up- turna which should be used to reduce commitments, Business lone: 440,000 shares.

and Company, New York-state-

of the shares on the date of the Stocks: The modest improvemi t

transact on, and shares delivered. in the market sentiment last werk in fulfilment of any forward con

tracts must bear the identical numbers as those stated in contracts.

the

By Order of the Committee VIVIAN BENJAMIN

Secretary. Hong Kong 27th March, 1985.

The opening of Wall Street to-day was even, on slightly better activity. Graina: The Wheat market was Rail earnings reports were less nervous and a weaker one. We

favourable than those still continue to favour purchases of laneous business.

of miscel- ? Corn on setbacks.

Cotton was a small market, with Coarse grains encountered pressure some realising, but no pressure to inn rallies. Total soles:Wheat: sell.

12,986,000 bushels." Corn: 6.657,000 ¡bushels.

Wheat and

"

Latest Quotations The following quotations have been received by Reuter.

"Cotton: The market continued to be thin and unsettled. We would suggest sales of new crops on fair upturns and confine purchases to NY./London good setbacks.

Rubber: The market was active.

cross-rate

*

Prev. To-day's clase close

4.784 1.78 N.Y. Cotton-July 11.12 11.10 N.Y. Rubber July 10.65

11.02' 93%

$1.50

the rises in silver and rubber, ac- companied also by a further ad- Short covering and some factory chicago Wheat-May 933 vance in base metals, encourag buying were in evidence. Specula-Chiengo Corn-May '77% 78 ing confidence. Silver at 28tive demand is reviving, due to the Montreal Silver May 61.50 7/8d. for bar, forward 200 conviction that

new quotas will Silver Ofcial touched the highest point since actually improve the statistical posi-

Dow Jones Averages May, 1928, and the price of rub tinn of the market. Tutal balen: ber increased 3/4d. to 6d. per 1,175 lots. pound and shares were marked

02

To-day's Mar. 25 close Change

80 Industrials 99.50 08.07 53 off

up following yesterday's an fixed at seventy per cent. for April, 20 Utilities

nouncement of the International Rubber Regulation Committee.

་,

"The Rubber quotas have been 20 Rails 28.14 27.08 48 off

18.26 16.14

.12 off -94.64 94.44 40 Bonds

.20 off May and June, with the figure fixed 11 Commodity

⚫ Index

64.00 55.31 41.up The export quota for the next at sixty-five per cent. for the re

This shouldi

10 Leading Stocks Amer Smelting three months is reduced to 70 mainder of the year."

Auburn per cent. and to 65 per cent. for attract buying.

"The strength. of the Rubber and . I. Case the remainder of the year.

Silver marketa is sympathetically Elec Bond & Share British Government stocka

strengthening other commodities. |General Motors closed strong, with War Loan, 31⁄2

"Sugar: Trading by outsiders in Int Tel & Tel per cent at 105 7/8, while home! rails closed firm and home indus-increasing. The major upward Montgomery

British trend of the market is expected to NY. Centrul trials had improved.

continue. Total sales:-Old: 8,000)trs, Steel Wireless Service.

tons.. New: 31,000 tons,"-Reuter.

P

COMMODITY PRICES

The following quotations have been received by Reuter. New York Cotton:----

May

July

October

E. A. Pierce And Co's Report In

16%

48%

5%

27

Ward

26

12%

28

Business Done: 440,000 shares,

their market report. the NEW YORK STOCK

EXCHANGE

American Oriental Finance Cor- poration. correspondents' for Messrs. B. A., Pierce, and Company, of New York state:

Reuter Quotations

March 27.

"Stocks: The tone of the market! was heavy. Scattered liquidation; was in evidence, while there was no The following quotations from New

York have been received by Reuter." bolstering news.

Last close 10.1 11.00 **4.7844.78% 4.78%

December

H.K. and S. Hotel $4.30 a

January (1986)

H.K. Lands $40 n. H.K.

Land

102% Bi

4% Debentures March (1936)...

Spot

11.40

Mar. 25. Mar. 26.

Closing Closing” 11.09 11.08 11.12 11.10 10.73 10.70 10.82 10.79 10.86 10.81: 10.94n 10.89.

11.95

"Grains: Trading was light. The price range of both Wheat and Corn N.Y./London was moderate, while there was little N.Y. Cotton'

July Dry feature to the day's business. weather prevails in the Weat and N.Y Rubber South-West. The Liverpool and Winnipeg

Oct.

11.12

11.15

11.18 10.73 10.75 10.79

New York Rubber:-

Shanghai Lands Sh. $16. n.

March

10.43b

11.75b

Metropolitan Lands Sh. $12.20

.

Humphreys $91⁄2· B‚“

May

10.53

11.82

July

10.65 11.92

September October

10.81 12.06

10.85

12:13

Décember

11.02

12.29

Chicago Wheat:-

markets ruled firm. Tradera are awaiting developments C. Wheat May 93%

July

91% of the monetary situation. The c. Corn May 77% shipping demand was slow while W. Wheat May. 8445 purchases and arrivals were small. STOCKS:

"Cotton Prices eased on liquida-Amer Emelting 34%

Cun Gas N.Y. tion by recent buyers. There was,

Du Pont however, a small demand,

Elec Bond & Sh. 6% "Rubber: The market was firm General Motors 27% 28

July Sept.

10.35 31.70 11.80 10.81

11.82 11.95

18%

91%

78

2414

19%

344 3414 19% 19%

80%

80% 894

5% 5%

27

May

93%

9334

July

91%

914

September

$1

914

Chicago Corn:-

May

7764

78

good deal of profit-taking on sharp rise, due to lower restriction Standard Oil NJ 37%

'Dealers and active.

were heavy Int Tel & Tel 6% 0% buyers, while Commission houses Loew's Inc

Montgomery were active sellers. There was a Not Distillers 20%

6%

34/

34%

W.

23%

20%

the NY, Central

13%

184

13

37%

87

July

728%

73

September

68%.

60

Winnipeg Wheat:-.

The London market ruled U.S.' Steel quotes. firm, while factories were good | buyers.

20

28% 28%

RAW RUBBER PRICES

May

34%

84%

n.

July

83%

: 888

"Sugar: 'Strong" conditions pre-

New York Sugar:

May

July

September

December

Old New Old New 2.17 2.15 2.16 2.16 2.222.212.21 2.21 2.27 2.25 2.25 2.25 2.34 2,31 2.32 2.31 January (1996). 2.262.22 2.25 2.21 New York Bik:-

Match

May

July

September

1.31 1.29 1.282 1.282 1.28 1.28

Montreal Silver:-

March 2 May

G0.50b 61.225

61,50 61.50

61.70 81.70b

62.40 02.80л n-nominal

Peak Trams (new), $6 n.' Star Ferrles $89 n. Yaumati Ferries $22 u. C. Lights $9.15 8. H.K. Electrics $65 Macao Electrics $25 p. Sandakan Light $8 a. Telephone (old) $23 s.. Telephone (new) $10 n. China Buses Sh. $12.40 ̧n. Singapore Traction 10/3 n. Singapore Pref. 20/6 n.

Industriais Malabon Sugar 581⁄2 n.. Cald: Macg. (Ord.), Sh. $18 n. "Cald: Macg. (Pref.); Sh, $18 n..

Canton Ices $234 n. Cements $78., Converted. H.K. Ropes $2.60 n. 2 Stores, etc.

Dairy Farms $194. Watson $9% b., $31⁄2 88, Lane, Crawfords $3.75 m... Mackintoshs, $21 D Sincares $8 m.

Wm. Powells, 70 cts. n. Wing On. (H.K.) $105 m.

Miscellaneous....

H.K. Ámuяaments $1.85 a. Entertainments. $6,40 n. 8.C Enterprises $185 m. Macao "Greyhounds”! $2 i. - Constructions, (old) $1.70' n.

:: Construction (new) 45′′ets. n.

Vbro Pling 5 n

July September

bibld

INDIAN CHAMBER OF COMMERCE

IN COLONY

The first general public meeting of the Indian Chamber of Com- merce of Hong Kong, Canton, and Macao, will be held on Saturday at 6.30 pan. sharp, at the Sind Mer- chants Club Room, 5th floor, China Building, for the purpose of electing the Arst Chairman, a Managing Committee, and to approve the draft HK Govt 94%. Izan 2% prom. Constitution. All the members of

Ch. Govt. 5% 1925 G88du

1984% 11LAIMER H.K. Govt. 4% Loan, 64% prem,

Wallace Harpers B

the Indian Mercantile Community aret cordially welcomed.

valled. Sales were done late in the Messrs. H. B. Joseph and Com. sension for April option at the 3.10 pany have received the following basis. All refiners, are advancing Straits currency quotations from their list price for refined sugar to Singapore for Raw Rubber. 4.70 cents by to-morrow morning."

Reater.

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

Spot 20 Up 2.** April-June 201⁄2 Up 2 1%.

July-Sept. 21% Up 2 Oct.-Dec. 23 Up 2

Market:-Firm.

S. E. Levy & Co.

7. ICE BODEL STREET

INVESTMENT BANKERS & BROKERS

MENARAS

NEW YORK COTTON EXCHANGE

COMMODITY. EXCHANGE, INC,' N.7.

CHICAMO BOARD OF TRADE CANADIAN COMMODITY EXCHANGE, IND

CORRESPONDENTS