"LINER LADY'S". HAPPY END.
SHIPBREAKERS' CARE FOR OLD SHIPS.
NOTHING WASTED.
That famous liner once known as the Empress of Britain, and later na the Montroyal, has made her last voynge. She has gone to the shipbreakers, and will probably provido some hundreds of men with work for a year.
palatial ship of Formerly a 16,000 tons in regular service to Canadian ports, she carried 2,000 passengers and a crew of 370."
HONG KONG DAILY PRESS. MONDAY, SEPTEMBER 1, 1930,
Money and Markets
„RUBBER RESTRICTION
SCHEME.
BASED ON WORLD STOCE,
[TABOUGH REUTER'S AGENCY.)
LONDON, August 30. Miceing Lane is discussing the
bew
rubber restriction scheme which, according to the Morning Post, will be determined not on the price but by the world stock level.
The underlying principle is that supplies he curtailed or released according as the world stocks rise abore or fall below the agreed. "pivotal surplus, which gives a reasonable margin of safety to the consunter, such margin to be pro- vided il stocks are exceeded by three months' supply.
To end her days at the ship- breaker's yard is a happy ending, for many a famous vessel has been sold to foreign owners, and from being a liner lady" has been re- duced to ploughing the high sealy is a reasonable figure and that as a dirty old tramp.
At the shipbreakers these floating hotels are handled with care and respect.
This industry has developed to an astonishing degree. Shipbreak- ing does not mean chopping up vessels for scrap. It implies dis- mantling scientifically and econo- arically all the varied materials that make up a liner.
A Boating structure that has taken two years to build, and has roamed the seag for thirty years, is still a valuable property, and the recovery of this property means taking her down piece by piece.
She comes to pieces almost as skilfully as she was built. The "work is of rast importance, for it conserves to the world many tons of valuable material.
Army of Workmen. Waste is infaitesimal. The in- dustry regularly employs thous ands of men in the recovery of iron and steel for rerolling, ia gen. eral engineering work, and in put-
Assuming that four months' sup-
the world "consumption is at the rate of 750,000 tons yearly the" pivotal" surplus would be 230,000
tons.
EXCHANGE RATES.
[BRITISH WIRELESS SERVICE.]
Paris
New York Brussels
RUGBY, August 30. 123.775. 4.83 29/32
SOUTH AFRICA BUYS
BRITISH STEEL,
[BRITISH WIRELESS BERVICE 1
RUGBY, August 30. The British Steel Export Associa tion have booked orders with the South African Government for some 5,000, tons of steel material for the construction of rolling stock,
DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
SHAREBROKERS: ASSOCIATION.
daynes Gallery Stayomles
SATURDAY. AUGUST 30,
Duyers Ball
Banks
31,470
1,463/87
H.K. Banks
$1,405|
£100
Do. (London)
Eitt
Chartered Banks...
£37
Mercantilo Éks. "A"
414
£13
Do.
ས
£17 £28 £12
$191
$115
8005 $2.80 '1,100
$140448
7400
This is the second contract of importance secured from South Africa during the past six months, and the British Steel Export Asso showing the increased competitive $1,000 ciation regard it as satisfactory as power the new combined selling organisation possesses..
AMERICAN OIL MERGER.
(THROUGH REUTER'S AGENCY.)
TULSA (Oklahoma), Aug. 30. A scheme has been drawn up and is awaiting ratification by the share- holders for the amalgamation of the producing. refining and marketing organisations of the Phillips Petro leum Company and the Indeper- dent Oil and Gas Company.
Both companies possess joint as seta amounting to over $510,000,000. The new Company will have a lease of 2,600,000 acres with a daily production of about 195,000 barrels.
ATLANTIC AIRSHIP
$281 $25)
****
#LATH
Bank of East Asia...
Canton Insuranços..| $065.
FOREIGN
MAILS
GENERAL HOLIDAY.
On Monday, the 1st September, the G.P.O. will be open from 8 am to noon, Kowloon Post Office from 9 am to 11a.m. and the other Branch Post Oficos from 8' a m. to 9 a.m.
There will be one collection from the plliar boxes, and ove delivery of ordinary correspondence us on Sundays, and ona delivery of registered corta- pundecca at 9 a.m.
The Money Order Office will be entirely closad.
HADIO NOTICE.
Tadividuals and firm's are recommended to register their tela graphic address at the Radio Office. No charge is made for this.
INWARD MAILS."
FROM
PIE
Insurances
41.
Underwriters
SYS
North Chinas.****** Union Insurances... $40
$149
Meso Yangtare Insuraases
T160
$80
•
Chins Fires
(8:00
H.K. Fires
$1,000
MANILA
Shipping
MANILA
STRAVA
Douglases ........................
$221
SAIGON
Steamboats
$i
$43
Indos (pret)
ar
+3
343
(London, 11th August)
$40
Do. (def.) ****
$40
JAPAN...
87/8
Shell Transporta ...
93/7
JAPAN...
833
Water-boată
#31
'SOURABAYA .OR
Mining
Beaqueta....
26/3
Kailansung
Langkats (comb.)
T:8
T1.30 T.6
$23
**
$e)
Do. (single)
Explorations.
Shanghai Loans.
Godowns, etc.
⠀⠀MM⠀!
26/0
T1440
27.40
11
T6
21/
Tronoh Mines
Docks, WharvOS,
$160 $166
HK & K Wharfa... $164
$5
$5.20 $6.10% 20
Providents
$3,20
HK Docks
T.118
Shanghai Docks...
-$39
T116
New Enginearings
T
Hongkews ....
Lands, Hotels, and
Buildings
34.835
Geneva
25.05
Amsterdam
12:085
Milan
92.973
Berlin
20:39
SERVICE,
Stockholm
19.105
T.260
Copenhagen
18.16.
Oslo
19.163
Vienna
34.433
PROMISE OF DESIGNER OF R.100.
Prague
-164 1/16
Helsingfors
Madrid
Shanghai Hong Kong
***
193 17/32 46.193
Speaking at a Canadian club luncheon at Ottawa recently, Bir Dennistoun Burney, the designer of R.100, said that now was the time, following the successful voyage of R.100,, to move forward on a bold further Transatlantic sealo to dirigible transportation.
$10.66 810.70
8791 $79)
H.K. & S. Hotels... $10.60 H.K. Lands cum,
Doz
BHANGHAI and EUROPE ris Sras
JAPAN and SHANGHAI
SHANGHAI
U.S.A., HOIALULU, Jarax and SHANG-1
HAI (San Fancisco, 8th August) U.S., BoxoLULU. JAPAN and SHANG- EA (San Francisco, 18th August) ... AUSTRALI· and Manila
Japan and SHANGHAI
Emp of Canada........ Pres. Cleveland ...). Berrima ***] Geal, Metringer v
Sarpedon Sydney Maru
Tanda Tribesar Kotori Maru Oldakerk ..
Pres, Adama
Pres. Pierce
St. Albans
Mantua
OUTWARD MAILS.
REGISTERED and PARCEL MAILS are closed 15 minutes earlier than the time given below unless otherwise stated, and where mails are advertised to close at or before 9 am, registered and parcel mails are closed at 3 p.m. on the previous day.
PYR
DATI and TIME
For
Shanghai, Japan, Canada, *U.B.A. O, and *3. America and "EUROPE via
Monday, lat, Pa-cola 11:00 AM
Pros. Cleveland
Reg. 11.15
$791
Victoria, BC-due Vistoria, RC, 19th September
Letters
Noon
Chenan
Noon
Foochow
៖ ៖ ៖ ៖
Shanghai, Japan and *EUROPE is Siberia Genk Matsinger .. Swator**
Noon
Hydrangea
3.00 PM
$15.40
Tuesday, tad,
Manila and Java via Hourabaya
Trixondari
Bwatow, Amoy and Foochow...
Hatching...
10.80 A
1.00 M
Pasoma Maru
1.50 r m
Calentia via Sinapore....... ........
$112.
Shanghai and ZUROPE via Siberis
Autolycus
1,80
*Manila, Australia (except Thursday Island) |
Beg.
T9.30
$79
Lisbon,
108.25
Athens
373
Bucharest
815)
Rio
4 11/16
$131 89.10 891
$16
Buenos Aires
40.1/16
$87
875
T.287 Shanghai Lands
H.K. Realtya...... Humphreys chosen Chinesa Eatates....
Do ex right $73 Do
right siz
89
Bombay
1/32
1/6)
$/32
He added, "I am prepared to undertake the construction of a ves
Cotton Mills
2/07
Silver, spot & forward 187716
to carry her fuel at that speed for
sel having a cruising speed of eighty-five miles an hour, and able T11.90 T42
Ewos.co
T.83
S'hai Cottons.......................
T9
Zoong Sings....
6,000 miles with 100 passengers and ter tons of mail,
Public Utilities.
Tramways - $13
$18
Feak Trams (old)...
Do. (NEW)...
Star Ferries $83
Yokohama
ting into commercial use again OUTLOOK OF BAR SILVER
thousands of tons of lead, zinc.. tinplate, copper, brass, gun-metal. and piping.
In
the extensive engineering shops all kinds of machinery are econditioned and disposed of to
UNCERTAIN.
LONDON QUOTATIONS DECLINE AGAIN BY
London, August 20-Bar silver quotations here are very caprici-
cash and forward deliveries to-day, whereas they witnessed an abrupt
"A fleet of such. vessels should maintain a regular service between England and North America, aver- nging two and a half days for the westward and ander two days for the eastward passage."
$18
$127
UMIMUTÊDE
$23
$11
***
$34.40 824.60
$19
$78
"CRAMMING" DANGER. EXPERT'S PROTEST.
$23
10/-
#4
*19%-
the trade. Thousands of glass porous, falling again by both for thole covers and windows are taken down whole and find their way back to the shipbuilders.
··Timbers, including soft and hard woods, are treated and sold for
Commenting upon the silver mar- building, colliery and other purket during the past week, the weakly pases. Valuable mahogany, oak letter of Messrs. Samuel Moata- walnut and other fittings and fur- gue & Co. says:
"China continues to dominate nishings are placed on the market the market and on advices from rushed children from subject to
advance by 9/16 on August 18. A strong protest against cram (To-day's quotations were 16d 11/16 ming in schools was made by Mr. both for cash and forward deli-Frank Roscoe, secretary of the Royal Society of Teachers, at the veries.
London Vacation Course in Educa
month.
and find a ready sale.
A vast army of men of various trades and professions is required
tion at the Holborn Restaurant last
"One of our greatest mistakes," he said, has been that we have
пре
subject, giving them too little time $10.70 $10,80 $10.70 for mental digestion.
The old method of a sort of continuous process of cramming is all wrong.
that quarter, the tone has been firm, The sudden rise and apprehension on the part of bears as to future a substantial movements caused and an extensive plant is employ buying to cover forward bear com ed to carry out this work scienti-mitments both on China and India fically. The latest type of elec-account. America has been inclin Mr. Roscor.
ed to work both
ways but,
་་
.on
"In the old days it was consider- ed a crime to copy,'” continued "No" copying' was the class motto. Life in many of those old schools was a kind of per Judgment.
trically driven machinery is in use, balance, sold moderately. as well as different kinds of cranes "The outlook at present is uncer-petual dress rehearsal of the Day of
Modern tain, the support from China be and overhead gantry.
ing mainly speculative apparently But is this how we want people electric shears, some with the pow based on the favourable views of to behave in daily life? Do we er of shearing" steel plates three trade prospects there which has yet want them to consider it a sort of
crime to help the other fellow 1". inchs thick, are in operation, sinue to be justified.' large quantities are recovered.
In one yard alone the produc tive. capacity of iron and steel scrap averages 100,000 tons per an
SLUMP IN THE THEATRE
WORLD.
BROMLEY CHALLENOB'S
AFFAIRS.
Mr. Bromley Challenor, the actor. manager, attributed his position partly to the general theatrical slump when the statutory first meeting of his creditors was held at Bankruptcy-buildings; Carey Street, last month.
?
Mr. Challenor, against whom a receiving order was made was de- scribed as of Porchester-gardens, Bayswater
It was stated that he had been bankrupt on two previous occasions in 1910 and 1920-and had obtain
ed his discharge from both,
He had since 1920 produced and acted in various plays in. Loudon and the provinces.
His present polition is due *ss of about £1000 in connection with the conversion of St. Andrew's Parish Hall, Kensing- ton, into a theatre, to the general alump, and to lack of engagements. He estimated his liabilities at £1,200, and disclosed no assets.
The creditors. left the matter, in the hands of the Official Receiver to wind it up in bankruptcy?
AMERICAN STOCK QUOTATIONS.
LATEST WALL STREET PRICES.
The following quotations have been received from their cor- respondents, Messrs. Hayden, Stone & Co., of New York, by Messrs. Swan, Culbertson & Fritz, Sassoon House, Shanghai, fcable address: "Swanstock," Shanghai), who are not responsible for cable mutilations:-
Tone of Market.-Strong. No. of Shares donc.-1, 750,000.
Call Money-2 per cent.
American Smelting Anaconda Copper Baltimore, and Ohio Borg Warner... Continental Oil
City Service Common
Eastman Kodak
Erie Railroad
NEW YORK, August 29, 1930,
C. Lights (old)...... $24
Do. (now) $199 HK Electrics $76 Macao do. Bandakan Lights .... Telephones (fully pd.) Do, (part pd) China Bases.******** Tractions...............
Do. (pref.)...***
Industriala
and New Zealand via Brisbane due Sydney Maru. Brisbane, 16th September.....
**
Btraits, Ceylon, Indis, Mauriting, E, and)
8. Africa, Egypt and EUROPE i Sarpedon Marseilles-dus Märsailles, 1st Out....!
Shanghai, Japan, Canada, U.8.A,, Ü. and 8. America and *BUROPE via Van- couver, B.Odne Vancouver, B.C., 19th September':
**
Bangsang Trinan
2.80,
4.16 W
||Letters - 5.00 Y M
Kowloon P.0. Reg.4.30 v M Leitore" £30
G.P.O.
M
Beg, 5,00 °e M Letters 6.00 PX Wednesday, Bed,
8.30 X 480 M
Parcels 6.00
Emp of Canada Thursday, 4th.
9.15 AM
378
Swatow ... Amoy
*
++
glon, India Mauritias, E, and 81 Africa. Aden, Egypt and EUROPE vai Katori Maru Lettera Marillede Mariller, 6th- October
Ros
› Letters 10.00 a w
6/0
Friday,
Gtb.
T101 Caldbeck, (ord.) T10.40 Macgregors (prof.)
821
$17.85
$12
Canton Ices..... $9) Cements (comb.).......) $17.8.
Do (old)... "Do. (new)...
***
Wai Wai Wai vis Swatow and Foochow Manila, Sandakan. Australia, and. Nast Zeland vis Thursday and — đan Thursday Island 20th September (...)] "watow, moy and Foochow Cebu
Straits,
Kustch
10:30 AM
Parcels
Noon
Tanda
Letters 1.45 PM.
Letters
2.30 v
„*
1.00 ==
Nalous
2.00 x
Kowloon P.O.
Bega
"450 = 1:
4.807
G.P.O:
Ворев
$10.60
$27
China Sugars.49****** Malabon Sugars *** United Asbestos...
Beg. 5.00 M Letters
6,00 P
E
Saturday, 6th
+
*** Miscellaneous
Hobow, Pakhoi and Exiphong
Tran
Sandakan
Hinang... Bremerhaven
.8271
₤251/26
Dairy Farms | $26
$26
Rabaul
.81
$26
Der A. Wings.rssavin Amusements
Tuan Bang
$10
Chin. Entertainm'te 310
Amoy
2.85
Constructions avotie
#1.90
$22
Lane Crawfords...$3.70 Mackintoahs
$19
,-ཁ་
Nanyang Tobaco...
$11.00
Watsons
$11.95
SARATOR
8%
prera,
Mantua
Sincares.********
$2.85 Wm. Powells.........
63. B. Ind. G. Bends... 61%
H.K. Gort Lose ***
*Superscribed correspondance only.
Monday,
8.3) Ap 10 30 AM Noon
8th 5.00.
Tuesday, Parools Noon Lotters: 1.00 M
2.00
Friday 12th,
Kowloon P.Ó.. Parcela 4.30 r m Reg.18th,9.00 Letters 10.00 a m G.P.O. Par. 12th, 5.00 F- ||Beg.,12th,9.45 AM Letters 10.30 ́à ̧m
Straits and Calcutta
3watow, Amoy and Foochow
"Kutsang". Hai Ning..
312
#2!
81081
LOCAL AND REGULAR OUTWARD MAILS.
WEEK DAYS.
SUNDAYS & HOLIDAYS
FROM *G.F.O.
FROM SUZONOWAN BRANOK F.O.
FROM G.P.O.
·FROM N. SHEENOWA
BRANCH FO.
1.7.15 a.m. & ¿5.00 p
7,30 1.m.. 7.00 pami
7.00 p.
Sundaya
Sundayı
(6 p..only
7.00 pm. only
(7.15 min. &{-†1,80 a:xx-k-
[7.15 mm. &) 4.15pm.
1.80 3.04
1.15 p.zi.
1.80
11,30 pm.
Sunday 8.15 am. Lonly
Bander
8.30
6:00 p
5.00 p
only 6.00 p
6,00 P
8,00 p.m.
7.15.
7.15
1.00 A..
4 9.00 aim, &
Kongmoon (except Baturdays) 6.00 p.m.
Kaukong (except Saturday).
Fatahan (By Train)
Tai O
Straits, Ciplan, India, Mauritius, East and South Africa, Aden, Egypt an√ EUROPE i Marasindue Mar seilles, 10th October
(7,15 km. 4 17:50 am, 4
5.00p.m.
FACTS AND
FIGURES
For the Busy
Business Man
interested in Hong Kong and South China. The "Weekly Press" (price 30 cents) will be
mailed for a year to any place
the world for $16 Spe
Copy Free.
Canton
Last Dividend.
Latest Sales.
03
2.50
72
102
Macao & Teinshan
29
Note
200.
Curtis Wright Common
-None
BB
920
Electric Bond and Share
None.
General Motors
General Railway Signal
Goodyear Tire and Rubber Granby Consolidated:
International Cement
Montgomery Ward Hadio Corp Sears Roebuck & Co. Bimmons Co. izate Standard Oil of New Jerars. Standard Oil Co. of New York
3.00 p.m.
10.30 am.
::100
Union Carbide, and Carbon... United Aircraft and Transport United States Rubber United States Steel
2.60
Baikung
4.80 p.m.
$30 Bottle
Namtso, Shakki & Talying
None
Gold Dust....
Tai Po
Shamchom
Change
Aberdeen
Stanley is Autan, Pingal
Shatin, Stat
Sheungahni
(Puntin)
18.00p.m..
† 9.00 10. 18.00 p.
12.30 Pottle 4.80p.m Saturday
9,00 ADEL
1.00 1.0
11.0
$11.00 .m 14.4.30 p.
8.30
8.30 L 100
740 p