1938-03-30 — Page 12

Mamient

$1,585

£80

MARCH 29.

Banka

H.. Banks

Ba. (Landau) ... Chartered Bank...

Mercantile Bks. “A”

PAGE 12-HONG KONG DAILY PRESS

DAILY SHARE QUOTATIONS Hong Kong Stock

Exchange

derat

Balleru

Sharebrokers' · Association

Ballers

Huyert

Balsomla.

ก

TUESDAY.

2111 £38

B2N

Do.

Bank of East Asia. 180

£14

Silver-Utficial

1947

$275

3615

3540

8162

F3་སྣ་ལ་ཕྱཝཾ

::

N. 0. & S. Backs...

Insurances

Canton LumaTM-1005,

Union InsurALION ........

Underwriters

ILK. Fires....ateliam

Suipplar

Dongiuses

Steam 58

Indo-Chinas (pref.)

Shells

{ct) Do.

33

8976 1031

V 79 85.14

$845

54.97 51.10

$1,530

THE EXCHANGE MARKET

MESSRS. ROZA BROS.

Silver prices were lower yester- day to the extent of 3/4 for Ready and 11/18 for Forward, the quota- tions being 19 5/8 and 19 7/16 res- 199pectively. Silver advices reported operated as having 211 speculators

was both

market ways. The steady. After the ocial fixing American Trade covered at 1/16 under the quoted rate. The mar ket was easier at the close. There were some offers below the quotes buyers. rate but there were American Silver was lower; at 43

ལ

no

FINANCE

NEW YORK STOCK EXCHANGE

Now York: March 29

(Through Reuter's Service)

QUOTATIONS

New York/London Cams race Now York Cotton-May, New York Rubber-May. Chicago Wheat May. --May. Chicago Corn Winnipeg Wheat-Hay.

יין

كان شي.

WEDNESDAY, MARCH 30, 1938.

BANKS

LAB!

Bigh Low Cleo

Today's C) wer

Change

"

2.78 8.70

8.73

8.73

0 up

1995 1.75 1:96*

11.90*

812 H

26

3/8 up

411

80!

BI

3/1 up

114

115

1 184

11-1

2 or

High Law Dow Jones Averages, 134.90 1883 50 Industrials

33.77

Haile IU KA 30 21:20 18:09 SU Utilition

40 th

Mar. 20.

High Low One

Change

108 63

108 65,105 88 1 7 20

.da up

19.8

20.bd 19.88 43

,78 ap

T. E. Pearce, Esq.,

18/0

1.4 16.85 18.11

.0% ap

Bonds Commodity Index 61

85.14

84.89

in of

51.17

.07 up

Business Done-1,100,'k share.

Hon. Mr. J. J. Paterson,

Deputy Chairman,

REALER)

170

3/4 for. Spot.

The London-New

York

cross-

STOCKS

Last Salo

STOCKS

Last Sale

70/-

30/-

EU/-

rate was quoted at 495.93, Now York-London was quoted at 496. 9/18.

Mar. 26 28

Mar. 26 28

Adams Express .......

7

7

Humble Oil

601

59,

Wateri

MARKET

Mining

14/0

Kailans-49.

Steady.

Alleghany Steel Co. 131 Allis Chalmers Amer. Can

131

39

79

15/8

STERLING

laulas

Venezuela Ould Fhim.

31.39 $3.40

11 ats

“Hongkong Ming.....

Decks, WharTOR,

todowns, ele

***

3130

H., & K. Whartas.

$1.80

$3.65 1.83

Provideats (old)

70

Xrtu. X diy."

$21

Do,

348

i

57

$100

* 13,90]

$73

Ewoe

41

Do. (now)

II.K. & W. Docks

Do.

Shangnai Dock S

13,00 New Eariuserings M.

#35!

$81

*5.10

Lands, Hotels, and

Bai dinge

H.8 Hotel ***** UK ......: Do. 4% Dubentures Shanghai Landa...S. Metragolitan Landa.. H.E Realties..

Humphreys **** Chile LAN DAN

Cotton Mil

Bas Cottons ...........S. Zoong Sing

Wing On Textiles(S.) $33 Bo Cotton Rts. S

$135

$3.65

$3,60

3214

21

ex, all bonus

(rcs) $11

$100

13

יד

$7

$354

$100

Was obtainable early in the morning at 1/2 11/16 for near and 1/2 23/32 for subsequently at March-April. Towards the close at lunch time there were sellers et 1/2 3/4 Cash and 1/2 23/32 $1.55 March-April, buyers at 1/2 25/32 Cash-April and 1/2 3/4 May.

U.S. DOLLARS

There were sellers at the open- ing ut 30 3/8 and later at 30 7/16 for near. The market closed at 1 with sellers at 30 1/2 Cash and 30 7/16 March-April buyers at 20 9/16 March-Aprli and 30 1/2 May.

p.m.

SHANGHAI DOLLARS

Amer. Cynamid "B" Amer. & For. Power Amer. & For. $7 pf. Amer, Locomotive Amer. Metals ......... Amer. Radiator Amer. Rolling Mill... Amer. Smelting Amer. Sugar Ring...

1174" Amer. Tel: & Tel. Amer. Tobacco "B" 61 Amer. Waterworks...

251 Anaconda Copper ... Atchison. T. & S. Fe. 241

E Atlas Corpn... Auburn Motors .....

171

21

14

131

141

281

27

91

10

141 33

la

141"

133

116

60"

61

261

251.

31

3

Baltimore & Ohio ...

41

42

B'more & Ohio Pid.

6

151

Nominal.

Barber & Co.

12

$9

SHANGHAI MARKET

Barnsdall of

118

112

Nominal.

Bethlehem Steel ..... 46)

S.

$13.80

$70

S

824

IN THE AFTERNOON The market was quiet in afternoon.

the

Boeing Airplane Co. 234 Borden Co.

241

161

101

Borg-Wamer

19

14

::

$2.90

1 pa

F10

$39

S'hai

$51

Vibro Piling...

13/9

Maramans Irīv. (Lon, }}

3410

(HK)

da ota

|0.75/70)

Miscellaneous

Dairy Farma........

$6.70 Ch. Etainments....

++

70.

Constructions, (old) sit

Do.

Lane Crawford....

Nanyang Tobacco..

Sinceres

Watrous

8. C. Enterprises “.... CLO.5X19950. Bd.

6.pa H.K. Gora EZLoans

До 31%

Wallace Harper

EK Wing On

Publis Utilities

$1.80 $16

17

15.9 19..

'tramwaya ‚...........................

Posk Trams (old) ...

Da

35.85

$

(pow).

*3

ht

$12.15

Star Ferries

1841

$28

*11.20

12.10/1

19.10 h

Do.

(new)

19.10

Do. Hu

#54

UK. Electrica

3501

$18

Macao do

Sudakan Lights .......

1961

$10

Do

93/-

23/-

Do. (prel)......

Industriala

3142

Cald., Macg. (Ord.)3]

$12İ

Lo.

(Protis

$1,70

Canton Icos

$1,60

$174

$17,90

Coment

84.90

A

Huper

#25

Yaamati Ferries

Chins Light (old).

Telephones (old)...|

(now)...

Tractiune................

H.

K. STOCK

STERLING

The market closed with sellers at 1/2 3/4 March and 1/2 23/32 April-May, buyers at 1/2. 25/32 Cash-May and 1/2 3/4 June.

U.S. DOLLARS The market closed with sellers at 30 1/2 March-April and 30 7/18 May-June, buyers at 30 9/16 March-April and 30 1/2 June.

Trans.

Brooklyn-Manhattan

sa cum. pf. Case. J.I. Canadian Paciic Celanese Corpo. Cerro de Pasco Chesapeake Corpo 28 314 Chesapeake & Ohio 23 Chrysler Corpa: ...... Columbia Gas & El.

Briggs Mfacturing. 15 Brooklyn-Manhattan

61

63

20 .. 131

661

51

101

33) 324

251

414 411

51

まい

Columbia 6 “A” pf.

68

68

236

EXCHANGE

8:

YESTERDAY'S

Commercial Credit. Commercial Solvents Commonwealth & 8. Commonwealth & 8

6% cum. pt.

26

262

177.95 OD

$4.00

$25

CD $6.70

OFFICIAL

(new)

* 82

(British Wireless Service)

Mar. 26

Mar. 23.

Paris

Genera

163 15/16

21.66

164 9/10 21.971

Berlin

12.37

12.381

Athens

Milan

941

943

Copenhagen

Stockholm

Shanghal

1/21

New York

4.951

Amsterdamm

8.07.

Vienna......

Prague

143 1/16

Helsingfors

Lisbon

Hong Kong

Bombay

Montreal

4.981

Brussels

29.44

Yokohama

1/1 31/32

Belgrade

Monte Video

Bucharest

Alo

".

201. 201

1/sellers

19

Wm. Powella

*Sales to Shanghai

LONDON EXCHANGE RATES

4.95

8.95 15/16.

142 5/16

4.981

29.42 1/2 13/16.

201

70 cr

QUOTATIONS

The market was quiet and fea- tureless.

BUYERS

Bank of East Asia, $80.

Union Insurance. $535. China Underwriters. $2.

Star Ferries, $84.

China Lights (Old), $12.15. HK. Electrics. 3591, Sandakan Lights, 3144. Telephones (New), $10,

Cements, $172.

Sinceres, $2.20.

Wm. Powell, Ltd., 60 cts.

Constructions, $13.

H.K. Govt. 3% Loan, 2%pm. Wallace Harpers, $10. Marsmans (HK.), 3/10

SELLERS

H.K. Tramways, $18.

SALES

H.K. Bank, 31525. Union Insurance, $540. Providents (Old), $3.65. Providents (New), $1.65. HK. Lands, $35.

H.K. Tramways, $15.30/95. China Lights (Old), $12.20, H.K. Electrics. $591. Cements, $17.80.

Watsons, $3.75/70.

Ewo Cottons, $13.90

Shangha!).

H.K. & W. Docks X Rts. X div..

$21.80.

(Prices below in Phil. Currency)

Antamoks Ps., 51

Atoks, .28

Continental Can Continental Ol

Corn. Products

Curtiss Wright (C) Cartiss Wright "A" 144 Delaware & Hudson

Del. Lackawanna &"

Western

Deere Co.

Distillers Corpn. Sea-

grams ...........

Douglas Aircraft

Du Pont

Eagle Picher Lend Electric Boat

Eler. Bond & Share

Mec. Bond & Share

Elec. Bond & Share

Elec. Power & Light"

ST pr....

Flintkote

Freeport Sulphur

Gen. America Trans 30

Gen. Motors

Gen. Rallway Signal 14 Glidden Co.

Consolidated Edison 18 Consolidated Oil..

*

$8

$3.40

$6.70

H.K. Steamboats, $184. Providents (Old), $3.00.

70%

H.K. Lands 4 deb.. 100.

$106 $102

Chinese Estates. -$97.

HK. Tramways, $15.80.

$49

Peak Trams (Old), '$7.

ཨཱཝཀཱ

ནིཎྜནཊྛཊྛིཊྛཚཙྪ॰

༈༙

11

291 29

18

381

221

141

101

1021

ཀྲྀཎྜཱཊྛུeཚསྶ ྂ

121

35

1031

35 pt.

$6 pf.

Elec Power & Light

ཝ

Gen. Cigar

Gen. Electric

Gen. Foods

བྦོསྨོཚོརྔུབྷ་

22

918311

Godchaux

Sugar

Class "A" Goodrich (B.F.)...... Goodrich $5 pf.

12

47

Goodyear Tire & Co. 181

Great Northern Rly. 131 Great Western Bugar 244 (Sales to Greyhound Corpn.

Hecker Products'

Silver (Forward) Silver (Spot) War Loan

ON LONDON:-

Closing Quotations

March 19, 1938.

Telegraphic Transfer...") 1/2

Bank Bills, on demand) 1932

Oredits, 4 months' night 1/24

ON SHANGHAI:-

ON NEW YORK:-

19 7/16

191

3 101 9/16.

Bank Bills, on demand 30-3/18 Credits, 60 days' sight 30 1/18

ON BATAVIA----

Bagulo Gold, .20

Benguet Consol.. 9,40

Coco Grove: 46

Consolidated Mines, .011 Demonstrations, .34 I.X.L., .00

Paracale Gumaus, .20 San Mauricio, 454 Suyoc Consol.. .154

United Paracales, .41

||

REICHSMARK QUOTATIONS

Berlin, March 28..

was quoted, The Reichsmark without guarantee, 'at:-

New York, 40.00

On demand

64-7/10

ON PARIS:-

Bank Bills, on demand 990

On demand

110

Credits, 4 months' night

1,165

ON SAIGON:-

ON BINGAPORE:-

On demand

931

On demand

+2

ON MANILA:-

On demand

801

ON BANGKOK :-

Paris, unquoted

104)

On demand

1521

Sovereign Notes

Bank Buying Rate.... 1/25/32° BAB SUVEL, Oer of 198

ON JAPAN:-

On-demand

Or INDIA

Telegraphic Transfer....

Bank, os demand....}{}

Amsterdam. 72.475 to 72.525

London, 12.367 Paris Bterling, 184.75 to 165 Parls 1.8. Dollar, $3.23.-

(Transocean).

PHILIPPINE

MINING NEWS

JACINTO R. CURA, secretary- treasurer of Dulong Mining Com- pany, Inc., has left for Coron-Is- land, in Palawan province, to inspect the manganese property which his company is interested in. Dulong Mining Company has contract to develop some galena Claims in Marinduque where work is now in progress under a German mining, engineer,

SURIGAO ORIENTAL Mines, Inc., yesterday reported to the Bulletin that development work on its property in Surigao is being pushed rapidly with, the start of blocking out of ores.

Additional machiney and equip- ment are being purchased for this purpose, it was said.

1.

H.K. SHAREBROKERS ASSOCIATION

BUYERS

Unions, $530, Douglases, $70.

Steamboats, $17.

Providents (old), $3.80,

HK. Docks (old), X. Rts.. $21.70. HK Docks Rta.. $11. Telephones (new), $9.80. Canton Ices.$1.00. Cements, $174.

SELLER'S

· Providents (old), "$3.70.

SALES H.K. Banks, $1540. Landa, $354. Electrics, $504,

advanced

Tunnels are being leading to the two veins where work is being concentrated.

Head Office:-HONG KONG

No. 10, Des Voeux Road, Central, THE YOKOHAMA SPECIE BANK

Board of Directors!-

Bir Bhouson Chow, Chairman'

Li Konn Chun. Req. Li Lan ang, Peq. Capital (fully paid up) P. K. Kwak, Exq

Wong huson, Esq.

Wong YunTong.Esq Kan Ying Po, a Reserve Fund... Fung Ping Wah, Chan Ching Shek

Esq.

Esq

Kan Tong Po. Esq., Chief Manager. Li Tse Fang. Esq. Manager.

Branches and Agencies:--

Amoy

Kowloon

Finanz

Boombays

SALAVIE Bombar

Londo

Rannon

BwELOW

Marella

Благод

Bydney

Melbourne San Fran.

Tathaka

Namarang

Khanghai

lo enaka

Tokra Vaccouver Yokolesa

Вілкероти

Dalcutta

Nack! Cantott

New York Beastie Haiphong

7 Benolulu Kobe

Pari Palplas

Yen 100,000,000.00

Yen 135,000,000.00

Head Office:-YOKOHAMA

BRANCHES AND AGENCIES AT: Alexandria Honolulu Rangoon Bangkok Hsinking Rio do Batavia Karachi

Berlin Bombay

Calcutta

Canton

Janeiro..

San

Francisco

Kobe London Los Angeles Beattle Manila Semarang

Dairen Moji Shanghai

(Dalay) Nagasaki Singapore Fengtien Nagoya Soerabaya (Mukden) New York Bydney

Osaka

Every description of Banking and Exchange business transacted. Hamburg Loans

granted

securities.

on

Trentain

Tokyo Tsingtao

Tinkow

received

for. Fixed.

-Olaru spproved Hankow

Harbin Paris Current Accounts opened in Local Hong Kong Peking

Interest allowed 00 Current Currency and Fixed Deposite re ceived for one year or

shorter Accounte.

Deposits periods in Local and Foreign Cur rennies on terms which will be Periods at rates to be obtained

Jon application. quoted on application.

Safe Deposit Boxes To Let

Y. KANO,

KAN TONG PO,

Chief Manager.

*Manager

Hong Kong, 10th March 1938.

-ནཱཎྜནཱ་ྔགཚཨྰཿཋཧྲྰིཀྑཙངྒཱཙཝཏྟཝཱན གཝཏྟཱཡཱནྡྷཙྪཙཱནཱནཱ ཙ ཚམྦཝུཏྟཏྟཏྟཱཝོ ཚ ཿཎྜཛཙྪཱäབྷཊཊྛཱ

ཙྪཱ

geམཆ

ྂ ཆུ བྷུ$tZadtRRཙ }སྒོ&ཙགྷབྲཱརྨཱཨ

Int. Nickel lat. Tel, & Tel.

791 int. Dept. Stores... Kennecolt 'Copper ... Lambert Corpn.......

45

451

J. R.

4; 7

G. Miskin, Esq.,

7

7

K. S. Morrison, Esq.,

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital 350,000,000 : issued & Fully Paid-Up $20,000,000 Reserve Funda:--

£ 6,800,000 Storling

H.K. Currency Reserve $10,000,000 Reserve Liability of

$20,000,000 Proprietors

Head Ofco:-HONG KONG

Board of Directors.

Chairman.

J. K. Bousfield, Esq., A. H. Compton, Esq.,

Hon. Mr. S. H. Dodwell, Hon. Mr. M. T. Johnson,

Masson, Esq.,

THE CHARTERED BANK OF INDIA AUSTRALIA AND CHINA

Ince posted by Royal Charte INGS

HEAD, OFFICE: LONDON; 38, Buhopsgate EC.2.y

Paid-up Cupkal

serve Fund Reserve Llablilty of Pro- prietors

£3.000.000

... £3.000.00

£3.000.000

MANCHESTER BRANCH: 71, Mosley Street, Manchester.

AGENCIES AND BRANCHES:

ILOILO Jalog SVAR

AMRITSAR BANGKOK

BATAVIA BOMBAY

CALCUTTA CANTON

KARACHI

KLANG

xoas

SAIGON

SEMARANG

PREEMBANG

SINGAPONZ

XUALA

SITIAWAN

LUMPUR

SOURABAYA

TAIPING

TIENTSIK

CAWNPORK KUCHING

CEBU

MADEAS

A. L Shields, Esq.

291301

Sir Vandeleur M. Grayburn,

9

91

Chief "Manager.

Libbey. Owens- Ford

Glass

261

257

Branches:-

Lockheed Aircraft Loew's Inc.

ᎾᎿ

#s

Amoy

1pch

Pegang

361

36)

Bangkok

Johore

Rangoon

Lorillard

143

141

Batavia

Kobe

Saigon

McKesson & Robbins

Bombay

Kowloon

San

$3 pl

29k

201

Calcutta

Kuala

Martin, Glen I...... Monsanto Chemical Montgomery Ward... Nat. Rond Invest-

ment

15

15

Canton

Lumpur

Cheloo

London

721

72

Colombo

Lyons

281

291

Dairen

Malacca

Sungei

..

Foochow

Manila

11 +

10*

Haiphong Muar

Patani Swatow,

Nat. Cash Register 14

14

Hamburg

Nat Dairy Products 127

121

Bankow

Mukden

Tokyo

Harbin

Nat Distilers

181

184

Nat. Power & Light

51

5

131.

Nat. Supply Corpn. 15

16

New York Central...

101

11.

in

Niagara Eudson P

ו

Corp.....

51

51

N. America Aviation

61

61

North America Co.

157

151

Northem Pacific

7

#

Pacio Gas & Elec

251

251

Pacific Lighting

33"

33 *

Packard Motors ......

33

31

Paramount Pictures

61

મા

Paramount 1st. pf. 65

BR

51

Pennsylvania R.R.

151

151

Phillips Petroleum...

291

30

Public Service of NJ.

251

204

Pure Oil

9

61

Radio Corpn. of Am.

5

E

Reputlle Steel

121

13

Reynold Tobac. "B" 351

351

Schenley ...

18

191

Schenley 51% pl.

704*

721*

Sears Roebuck

504

50

Shell Union Oll

101

111

Socony-Vacuum

11

114

Southern Cal Edison

20

201

Southern Pacino

10

104

PRIPINO

TONGKAR

(Bhuket) TSINGTAO

YOKOHAMA

(Peking) zaMBOANGA

PENANG

HONG KONG RANGDON "

FOREIGN EXOBANGS and General Francisco Banking Business transacted. Shanghai

Singapore Sourabaya

(Johore) Tientsin

New York Tsingtao

Hongkew Peiping Yokohtumi Iloilo

Current Accounts

opened Local Currency and Fixed Deposits received for one year or shorter periods in Local and other Cur- rencies on terms which will be quoted on application.

Also up to date Safe Deposit Boxes in various sizes To Let.

Hong Kong, 28th Feb., 1838..

HONG KONG SAVINGS BANK

The Business of the above Bank is conducted by the HONG KONG & SHANGHAI BANKING COR- PORATION. Rules may be ob- tained on application,

For the HONG KONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager.

Hong Kong. 28th Feb., 1938.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods at rates which will be quoted on applica- tion.

The

Bank's Head Office ia London undertakes. Executor and Trustee business, and claims re- Tax covery of British Income joverpaid, on terms which may be ascertained at any of the Agencies [and Branches.

R. W. ROBERTS,

Manager.

THE CHASE, BANK

15. QUEEN'S ROAD CENTRAL

HEAD OFFICE:

18, PIN STREET,

NEW YORK.

An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.

SAFE DEPOSIT BOXES

This Back is entirely owned by

THE CHASH NATIONAL BANK... New Yonk, with Resources over U.B. $2,500,000,000.

D. M. BIGGAR,

Manager.

COLOMBO

MANILA

DELHI KAIPHONG

MEDAN

NEW YORK

HAMBURG

HANKOW

HARBIN

Southern Rly (com)

61

61

Southern Rly "A"

91

101

Standard Brands ....

Stand Gas & Elec.

"

2

21.

THE MERCANTILE BANK OF INDIA, LIMITED.

Stand Gas & Elec.

$7 pf.

131

14

Head Office15, Gracechurch Street, London, EC.3

Standard Oll of N... 42

421

Authorised Capital

Sterling Products

52

..52

Saberhed Capital

Vali-op Capital

41

Studebaker. Corpn.

4

4

Reserve Fund and light,

£1,000,00 21,247,830

Swift Internationa.

23

234

BANKERS:

Technicolor

16

154

Texas Corpn.

34

342

The Bank of England and Midland

Bank. Ltd.

BRANCHES:-

Texas Gulf Sulphur 281 Tidewater Assoc. 011 Transamerica (new)

281

.

Bangkok.

Урок

101

111

87

Bombay L'alatia

Kandy

Colomba

20th Cent. Fox. Films. 17

177

Delis!

Karachi Kota Bharu

Galle

Kuma pi

51

Union

do. Films pf. ... Carbide

28

251*

ljongkong Howarh

Kala Lumpur

38

Carton

841

852

Union Pacifc ..........

60

621

Lasios tratamo bed.

43+

United Alrcraft

201

211

7.

United Airlines Trans

51

51

251

United Corpn. United

2

21

Corpn. $3

cum pt.

254

201

United Gas Corpn.

3

3

304

Un Gas I'provem't

91

91

Un. Light & "power

14

11

U.S. In'trial Alcohol

141

141

U.S. Rubber

254

281

291

US. Rubber pt.

68

15

US. Smelting

50

48

LIMITED.

147

U.S. Steel

441

441

Vanadium

121

Kuala TrenuIDE

21,000

BANK OF CHINA

Specially Chartered by

19,000,000 THE NATIONAL GOVERNMENT

OF CHINA AS AN INTERNATIONAL EXCHANGE

New York

Penan Ran.com Khangha

tunda

Singapore

HONGKONG BRANCHL

Srary descripiam of Banking and Exchan*

Travellers' Chequos iomused,

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN.

CURIENT ACCOUNTS opened in Lonal Car reier and FILED DEPOSrfd rooted in Local Currency, TELLING & U.8. DOLLARS de taria that tuny he certained on spplication.

D. BENSON,

Не

BANK OF EAST ASIA..

BANK

PAID-UP CAPITAL...$40,000,000.00 |(BRANCHES ALL OVER CHINA) Owing to our numerous Branches in Chios and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.

Head Office: SHANGHAI

Hongkong BrancĂ;

4, QUEEN'S ROAD, C.

South Chinn Officer:

CANTON

KONGMOON TOISHAN SWATOW SHIUCHOW KINGCHOW

We also handle the issue of Borde and other Public Funds of the Chinese Government both at Home

13. Authorised Capital"....$10,000,000.00 and Abroad.

Warner Bros. Pict....

4

4

Paid-up Capital

5,598,600.00

124

Westinghouse

Elec. 70

71

Reserve and Undivided

42

Woodward Iron Cor. 11

121

Proûte

2,776,728.70

SHOU J. OH EN

Manager.

187

Youngstown

Sheet

141

& Tube

267

281

Chaze National Bk 27** National City Bank 211"

281 260* 201*

LIMITED

51 51 : Call Money

1%

1%

t ex div.

• bid.