The Archive · 1929

A New Bank

A new bank is to be opened shortly, we anderstant from re:

jorsources, first at Canton and Hioerieae and then yrssatty Shanghai, with a paid-up capital of 5,000,000, The name of the new institution will probably be Kuangtung Commercial Bunk (or Com mercial Bank of Canton). Its mait purpose is to be to finance and aid the silk trade. Exchange business probably also be undertaken, Strit Low Siding, $340 Low Midating, 3055

The following market cable was received from. Messrs, Anderson, Clayton & Fleming, New York, dated April 4:— of the week—Improved continued uncertainty in security' markets; quieter situation domestic piece goods trade and slow demand for actual cotton. Indica tion moderate serene increase, Use of fertilizer probably under last year,

Text read from the printed page and cleaned; old type leaves the occasional error.

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