1937-08-04 — Page 17

NEW STOCK

WORK ON | RULLER MARKET A BANS

Messze S E. Levy and Go

this morning received the

New York markets. *

Stocks Our opinion

17

International Committee

Figures

sterdam, To-day. with regard to utility, rail

Offer ex

demand on - the dustrial issues remain unchanged.rabber market for the first time While the injection of the Asiatic since July, 1935, according to the situation has somewhat dampened latest figures concerning consump bullish ardour and is likely to con-tion and exportation published by tinue to influence the nearby trend, the International Rubber Restric the long-term view remains un-tion Committee. changed. Over the near-term, we

The net world export of rubber believe that a trading attitude is in June, 1987, amounted to 108,167 warranted and we would increase tons, thus exceeding world holdings of selected stocks on soft consumption during the spots. Business done: 900,000 month by about 12,600 tons.

The total world supply of rubber in June 1937 amounted, according to the Committee's report to 334, 000 tons in round figures.-Trans Ocean.

shares.

There is much low-grade wheat in "the new crop and this is hastening hedge selling temporarily, with good grades holding good premiums. We think that the supply outlook makes purchases on easiness advisable. Private estimates issued to-day in- dicate a Winter wheat yield of 648,- 000,000 bushels; Spring crop at 193,- 000,000 bushels. The corn crop is estimated to yield 2,771,000,000 bushels, Oats 1,149,000,000 bushels All these private estimates were as had been expected.

Total sales of wheat 34.634,000 bushels.

Cotton: The recent declines are stimulating proposals for cotton loans, which, it is thought, Congress is not likely to grant unless prices fall considerably below those ruling at present. To-day's recovery was not impressive.

same

THE MERCANTILE BANK OF INDIA, LTD.

OFFICES S

15. Gracechurch, Shrank, Lan, ELI -Authorised Capit

Subscribed"

Paid-up Reserve

BANKERS.

£3,000,000.

1,247,830

The Bank of England & Midland Bank, Ltd.

Bangkok

New York

Calcutta

Calamba Delhi

Kota:

Galle

ong cog

Kasia

„Krale

Howrah

Every business tra

Trast INTERES

application. Fized Deposite st

Rubber: Continued publicity given to the heavy July primary shipments is keeping speculators on side-lines. The Trade is thought to be accumulating on the scale 7, Queen's Boad. down, which we think is warranted.

Singapore Raw Rubber

Co,

ed.

that may D. BENSON,

THE WING ON BANK LTD.

Head Offres Her 26, Der YocE="

Authorised Capital

LONDON BANKI Westministe

Foreign Exchan

quota-cription of banking business-

Messrs H. B. Joseph and have received the following tions from Singapore in Straits

Currency for Kaw Rabber: Spot 29-14 b: down 4. Jan/March 29-7% b. down 1⁄2. Aug/Sept.

Oct/Dec. 29-34 b. down 1/2. Market: Quietly steady.

00,000

des-

avings Ae-

Current Accotints and counts “opened. “Mixed cerved at rates which? be quoted on-application."

Trusteeship & Executorship und taken. Safe Deposit Boxes for hi

PHILIP GOCK CHIN,

Chief Manager

HRA OFFICE

38,

DUN

000,000, 000,000

,000,000

Reserve Fund Reserve Liability

prietors

Manchester Bra 71, Mosley Street

Agencies and

Calentta

R W. RO

Hon

THE BANK OF EAST ASIA, LTD.

Authorised Capital Paid-up Capital ... Reserve and Undivided

Profits

$10,000,000.00 5,598 100

2,776,726.76

HEAD OFFICE: HONG KONG.

-19, Des Your Boad: Centrali

BOARD OF DIRECTORS:

Wong Yu

Li Lam

Hon. Sir Shou-son Chow, Chairman, Li Koon Chen, Esq., P. K. Kokk, “ Eas Tong, Esq., Chan Ching Sbež, Sang, Bag.. Wong Chu Son, Esq. and Kan-Ying Fo, Esq., Fung Ring Wah, Eag...

Amay

Kan Tung Po Esq., Chiaf M, Li Tas Fong, Esq., Hanagez.

"BRANCHES AND AGES

Current Accor and Fixad shorter, periods

Safe Depozik

and Exchange

"Loans "granted, an

HONG

BAN

Sir Vandeleur M.

BRANCHES

©LONDONED

LYONS

HANKOW HARHIN HONGKET

·HLOILO IPOH JOHORE KOBE KOWLOON

KUALA LUMPUR

BANGOON SAIGOR SAN FRANC SHANGHAI SINGAPORE SOURARTY SUNFET

YOKOHAMA..

Current Feroozle opened in Loc Fixed Deposita' received "be ons perioda in Local Gazzaney, and St which will be quoted on ma

ALSO, up to date EXPE" DEPOS

Hong Kong, In

1000.001

HONG KONG SAVINGS BANK

The Business of the shore Bank ris, condcicbať by the HONG KONG AND SHANGHAI BANK ING CORFORATION. Hali

may on application.

FOR THE HONG KONG BANKING CORPORATION:

obtainal

AND SHANGHA

V. L. GEITBURK,

Chist

Hong Kong, Jat March,

THE TAIKOO DOCKYARD & ENGINEERING COMPANY

OF HONG KONG, LIMITED

BUILDERS OF ALL CLASSES OF SHIPS.

BUILDERS OF RECIPROCATING STEAM ENGINE

BUILDERS OF MARINE AND LAND BOILERS

BUILDERS OF TURBINE MACHINI

Under License From Messrs."

BUILDERS OF DIESEL ENGES

Under Special License From Messrs. Sulzer

Licensed To Manufacture Lauz Perm 1

For Internal Combustion Engine Working

DOCK & SHIPWAYS

FOR DOCKING VERY LARGE, AS WELL AS SMALLER VESSELS, ON ANY TIDE"

ALL CLASSES OF SHIP ENGINE AND BOILER REPAIRS AND EXTENSIVE WELDING, BOTH ELECTRICAL AND UKFACETYLENE – SKILFULLY

PROMPTLY CARRIED OUT:

THE YOKOHAMA SPECIE BANT LILATED

Established 1889

Capital (fully paid-up)

Reserve Fund

-Head Office: YO

Branches zu

Bangkok

Batavia

Berlin Bombay

· Calentta

Canton

Dairen (Daily) Fengtien (Maiden) Hamburg

Bankow

Hanbury

Hong Kong

Honolulu Hsinking Karachi

Kobe

London

*Mamla

Los Angeles

Interest "ałowe

Deposits crece

at rates to be obta tions.

Taikoodock,” Hong Kong.

BUTTERFIELD & SWIRE, Agents