Page
ENGINEERING & BUILDING
EAST AND WEST.
U.S. Machinery Exports.
Returns covering exports of indus-] trial machinery from the United States during the past for months have been unusually constant. The monthly average for 1032 is alightly above the 25,000,000 mark, which seems to mark the limitation point in connection with the amount of
-other.
required. The engine in question has boon at work for 24 years on a Natal farm puraping water against ahead of 105 feet, through 200 feet of 1-in. piping, alling a 1,000 gallon tank in three hours.
1982 Levant Fair.
Despite the less favourable world
HONG KONG DAILY PRESS, SATURDAY, SEPTEMBER 3, 1932.
Money and Markets
HONG KONG STOCK NEW YORK STOCK
MARKET.
WEEKLY REPORT.
Perhaps it would be no exaggera |
EXCHANGE.
A.O.F.C. QUOTATIONS.
New York, Sept. 1.
31.
Aug. Sept.
1.
tion to any that during the past Dow Jones Averages:— week the whole market, was over- shadowed by the bear attack stage:l
Change.
The market successfully met the test of selling this week. Attempts to deprcas priors met with no more than had been the case earlier. Again railroad issues led the succeeding rally. The market now remanis well under control and a continuation of a selected upward trend is indicated.
machinery which can be absorbed Fair held at Tel-Aviv, Palestine,
economic conditions, the 1932 Lavant against Cements and China Lights, 30 Industrials 73.10 73.07 .51 up by foreign markets at the present exceeded all provious fairs in num-have been started by what might 20 Utilities
The movement would seem to 120 Rails 38.53 37.52 .00 up 33.10 33.59.49 up time. Although fluctuations occur from month to month in the totale volume of business. consummated. in the "Street," who, Anding ber of displays, attendance, and be described as a 'nondescript group
Mosara, E. A. Pierce and do. for the various classifications in The fair was the fifth held at Tel-scarcely any opposition, became
Report. cluded in this survey, gains or losses Aviy since 1925 (the Inst was held bolder and bolder, and at one time in one item or group of items are in 1929), but the name "Levant were actually offering forward de invariably offset by changes in an-Fair" was adopted for the first liveries at lower rates than for
time, replacing the former name of cash, business at 'one time being success "Palestine and Near East Fair, " reported at us low as 919.80 in Foreign products displayed cover-Cements and $15.80 in Lights, both ed a wide range: Agriculture and for September delivery, horticulture; automobiles, motor Meanwhile, those who took по cycles, oto.; books, printing, and part in what was passing, were use; building materials; chemical watching events with puzzled aloof and chemical manufactures; foodness in the endeavour to find out tuis and cigarettes; leatherware, what lay behind the movement. and mechanical applicances; tex-did trickle into the market, the Air Raduction machines, motors, radio, electrical When finally some buying orders tiles; woodwork and timber, etc. Canadian Radway Magnate Resigns,
Sir Henry Thornton has resigned lowest. Apart from the above, a American Can.......... 57 his position as president and chair-
fair general business was done dur, | American Telegraph &
Telephone 134 man of the Canadian National Railing the week, with hardly any
American Tobacco ways. Both the board of directors change in rates at all.
"B"
703 Closing tone quiet but steady all Ameonda Copper round. -
Mining 14
Improving Outlook for Shipbuilding. London, July 19.-The placing of another shipbuilding order on the Clyde has strengthened the general impression that the industry is at last beginning to show some slight movement. It is known that several other contracts are pending, and inquiries on the part of shipowners ars more numerous than they were a fow weeks ago, an that some do finite improvement is expected by ‚the autumn, both on the Clyde and at some other centres where tho work, on band has fallen to an ex- tremely low level.
*
and the Government have accepted the resignation.
opinion,
4
Model and Prosperous--Employers. A party of journalists were re-
In his letter of resignation Sir vently conducted over Cadbury's Heary Thornton said that, in his Factory as Bournville, which has i
State-owned railway been described as a "factory in a
could only be successfully directed garden," and saw various stages in
if the management had the.com- the making of cocon and chocolate. The opportunity for such a visit is pleto confidence of the owners of afforded also to the general public, the property. The public criticism and last year there were nearly to which he had been subjected in- 150,000 visitors to the factory. Tho wellare the worker at Bourn dicated that such confidence was not ville is a matter in which there has goneral, and in view of the financial always been happy co-operation depression and the fact that: a between employer and employee. Special housing facilities have been Royal Commission was investigat- provided on the estate. There are, ing the whole railway situation of
in audition, educational schemes, Canada he falt ho should tender his pension, provident, and benevolent funds, a welfare fund or prosperity resignation.
sharing scheme, and numerous re- Los Angeles Rubber Industry. creation and other social organiza- tions.
Petter Engine In Swataw.
Rubber
imports through Loa Angeles Harbour may benefit direct- ly from a comprehensive exhibit of rubber products manufactured in South California which the Los Angeles Chamber of Commerco is planning.
Our agents for Hong Kong, The General Electric Co. (of China, Ltd.) have received a letter from one of their clients in Swatow testifying to the excellenes of an 5 B.H.P. Petter Engine which in giving them Los Angeles now is a rubber most Batisfactory service, says manufacturing as well as importing Petter's Monthly Newn In the contre, produzaing a large variety of letter they ask what the probable articles made from this material. life of the generating plant would Statistics show that 40,158 tons of he as they are anxious to make an crude rubber which imported here allowance for depreciation so that during 1831 compared with 18,000 wo may have funds on hand avail tone in 1927, Outbound shipments able for replacement when the pre-of rubber products, principally tires sent plant is worn out." Judging and tubes, in 1931 were 10,004 tons by the length of service rendered valued at $17,801,191. In 1997, these hy a South African engine. our shipments were but 1,488 tons friends in Swatow will require o valued at $1,768,868. very small sum each year to provide for the time when a new plant is
STOMACH!
PAIN
STOPS AT ONCE
No matter how severe your digestive
trouble may be, you can get quick relief by neutralising the excess acid that is plegat mare to be the canal. 90% of all stomach disorder is due to excess sold which ferments food, causes painful gases to form and attacks the delicate stomach lining. To neutralise the surplus acid and and your indigea- tips you should take a littlo * Bliurated" Magnetis after meals or when discom fortis felt. Bisurated Magnesia nor only counteracts the acidity and pre-- wenty fermentarian briz also soothes and heals the inflamed stomach lining, To get quick relief from stomach pain or aroki digestive trouble there is nothing to chief Blunted* Magnesia which makes indigestion Imposible by re- moving the case. * Hisurated* Mug: posis: is used and recommended by doctors the world over..
BISURATED
MAGNESIA
Prepared to kee
STIMULUS TO LONDON BUILDING.
TRADE VIEWS ON NEW HEIGHT LIMIT.
An official of the Advisory Coun cil of, the Building Industry stated that the decision of the London County Council to permit trade buildings of large cubical extent to be built to a height of soft, plus two storeys in the roof, brought) this type of building into line with other. London buildings. This re laxation of the restrictions building in London had been con- sistently: urged by the Advisory Council of the Building Industry ever, since the publication of the Ebury Report in November, 1930, and the concession by the L.C.C. would be of vast importance to the building industry, ata shp
On
Business done: 2,400,000 shares
Last sale.
Aug, Sept.
1.' $591
downward course was stayed, and Allied Chemical and both stocks closed higher than the Dye
BUSINESS DONE DURING THE
WEEK...
:.
:
Hong Kong Bank, 81,585, 81580. Univa Insurances, 8470, 8407. Chine Underwriters, 82.00. Union Waterboats, 821, H.K, and K. Wharves, 8141. H.K. and W.. Docks, 8241, 89. Providents (Old), 84, 84.00. 1.K: Hotels (Old), $10.80, 810).
$10.40, $10.30.
31.
8381
801
821
50)
115
131
Auburn Borden Company Canadian Pacific Consolidated Gas of
New York
61)
30)
201
16 176
601 45%
014
Drugs, Inc. .......... Du Pont de Nemours 30 Eastman Kodak General Electrio General Fooda Goneral Motors International
fos
55)
201
21
304
201
151
158
Harvester 201
12
612 63 33)
341
Pacific Gas and Elec-.
tric
311
Hong Kong Landa, 875, 8781. International Tel, and
$75.40.
Tel. Humproys, $18.
Ligeti,
and Myers Loew's Inc.
"B
H.K. Realties, 8.80, 89.90, 601 H.K. Tramways, $221, 821.80,
$22, 822.10.
Yaumati Ferrian (Old), 835). Yaumati Ferrics (New), China Lights (Old), 817.45, 817.40, 817.10, 818.30, $10, $16.20, China Lights (New), 8101. Electrics, 874). Telephones (P.P.), 823.10, 8521. Cements (Combined) 813.30,
$13.40, 813.46, 813.35, 813.30. Hong Kong Ropes, 812.40, $12.15 Dairy Farms, 827.70. Watsons (New), $12. H.K. Amusements, $102. Constructions (Old), 80.80. Ewo Cottons, Tls, 14.30. Shanghai Cottons, Ts. 65. H.K. Gort. Loans, 4 per cent.,
Premium.
CLOSING QUOTATIONS,
Buyers. Hong Kong Lands, 875. Constructions (Old), 80.80.
Sellers. Hong Kong Lands, 878).
Sales,
Hong Kong Bank, 81,580. H.K. and W. Docks, 825.. H.K. Hotels (Old), 810.30. China Lights (Old), 810.20. Cements (Combined) $13.30. Dairy Farms, £27.70.
Nominal.
Pennsylvania Railway 194 Radio Corporation Sears Roebuck
Standard Oil Co. of
New Jersey
DE
23
34)
Socony-Vacuum Corp. 114
8 £TE : 283 23 3: 3777
214
BRITISH TARIFF INCREASES
TO ENCOURAGE MASS PRODUCTION
(THROUGH REUTRE'S AGENCY.]
LONDON, Sept. 1. As a result of the deliberations of the Import Duties Advisory Board, presided over by Sir George, May, the imposition of additional duties upon a number of commodi- ties is announced, with a view to the encouragement of home, indus- try."
A typical instance of the new imposta is the authorisation of an increase in the duty on leather gloves from ten per cent. to thirty per cont. the committed stating their opinion that British manu- factures in the middle and higher grades are able, with encourage- ment, to progressively replace im- ports and improve exporta.
Meat Paste and Poultry,
Similarly with a view to encour aging mass production in the scissors industry, the duties upon scissors are raised in scale accord- ing to length.
Other articles affected include hair combs, wrapping paper, poul- try, meat pastes, sausages.
Simultaneously a list has been issued of imports, consisting largo- ly of textile manufactures and articles of apparel on which a draw. back of customs duties is allowed on re-exportation after September $.
EXCHANGE.
CLOSING QUOTATIONS,
Ox. Loader :---
September 9, 1935,
Telegraphic Transfer... 1/4}
Bank Bills, on demand 1/4j Bank Bills, 4 months'
night
Credits,
1/42
• months'
night
1/0
ON PARIB
Bank Hille, on demand 195- Credits, 4 months' sight 635
ON NEW YORK:-
ཚོ་ཎྜ་ཚུཎྜ
Bank Bills, on demand 23 5/16 Credits, 60 days' sight.:24 7/16- ON BORY:
Telegraphia Transfer Bank, on demand ON CALCUTTA
Telegraphic Transfer set Bank, on demand ...
ON SHANGHAI:→→→
Bank, at sighs
ON YOKOHAMA 1———
On demand ................ 1911
OR MANILA-On demand.... 46§
On demand.
....., 571
OW BATAVIA:-On demand. 568
Union Carbido
and
Carbon Union Pacific.
ON SINGAPORE:---
201
281
70
United States Stool., 40 Westinghouse E. & M. 30 411
481
ON ELPHONG :—
On demand
ON SAIGON:
O BANGEO:-
On demand
|LONDON EXCHANGE, Bank's Buying
RATES
(BRITISH WIRELESS SERVICE]
Rugby, Sept. 1..
Paris New York Montreal
88 7/16 3.462
3.88)
Brussels
25
17,90
Geneva Amsterdam Milan Berlin.. Stockholm Copenhagen. Oslo Vicata Prague
China Underwriters, 82.00. Humphreys, 816. Telephones (P.P.), 22), Hong Kong Ropes, 812.16... H.K. Amusements, $19.
Helsingfors Madrid
Lisbon
BRITISH GILT EDGED SECURITIES
HIGHER LEVELS MAINTAINED
(KRITISK WIRELESS SERVICE.
It was with the intention of se curing reasonable, revision, of such regulations that the Advisory Coun ail was formed, and it was hoped that other important concessions re. commended by the Ebury Coramit- tee would be secured comparable with that now. given by the LOC.
Mr. Kavanagh director of the British Stoolwork Association, said: "At & time of such severo un employment this concession cannot fail to have a stimulating effect upon the building trade. It will THE rise in gilt-edged securities, greatly help to bring new buildings which has been a notable fea into the market and so give emture of the London Stock Exchange ployment to the steal and other market since the Treasury trades engaged in building. Many nouncement regard the forthcoming building projects in cold storage, Loan and 41 per cent. Treasury and the removal of this restriction Bonds, continued to day. All open- upon company will undoubtedly od at higher levels and improvell help to bring these out
further in subsequent dealings,
Rugar, Sept. 1.
GROCK of the large London stores have repayment of 41 per cent. Was
The World Famous Clown.
Athens
Bucharest Belgrade Rio Buenos Aires Montevideo Bombay
• Shanghai Hong Kong Yokohama Silver, Spot Silver Forward
6.62 *674
14:19/32 18.47 191
19.05 29) Nom, 117
939 43 1/16
110
500
5871. 220
5/32 Nor. Nom.
30 Nom..!! 1/69/64 1/6 11/16 (1)
1/31 187/10 18
AMERICAN-ORIENTAL
FINANCE CORPORATION
Agents in Hong Kong
Asia Lands Limited
Gloucester Building, Telephone 28820.
/*
BAR BULVER, per ca. 18 7/10
PORTABLE HOUSES.
SENT FROM LOS ANGELES TO
HAWAII.
Los Angeles, U.S.A., August 95.—- Exports of "ready-built homes; an important phase of the build-
ing industry of this city, are 'growing rapidly with indications that they may some day have a wide distribution throughout the Pacific area.
One of the largest firms produc ing this type of portable dwelling, which consists of completed units, such as walls, roof, flooring and all accessories, quickly and easily fitted together, are now: sending their houses to several other coun tries. Recently, they established an agency
in the Hawaiian Islands, Within the past six months this
concern's exports are said to be half again as much as their entire
total for 1031.
Attractively constructed, both of stucco and wood, these homes have
gizon excellent service even under. the brying conditions of the tropics. They are easily packed and shipped and their cost is said to compare favourbly with the costs of build- ing auch structures in the various countries "of the Pacif
ASSETS
£13,000,000
BT- APPOINTMENT
CLAIMS PAID
£40,000,00
GENERAL
ACCIDENT, FIRE & LIFE ASSURANCE CORPN., LTD.
All Classes of INSURANCE
WORLD WIDE
ORGANISATION
AGENTS
JAMES H. BACKHOUSE
1A, CHATER ROAD. TEL. 21783.
PEN HOTEL
ANNOUNCES
GALA NIGHT
IN THE
"ROSE" ROOM
AND
THE DEBUT
IN HONGKONG
OF TWO WELL-KNOWN RUSSIAN DANCERS MISS TANIA SVETLANOWA
&
Mİ:"ALEX SALNIKOFF
WHO WILL FEATURE IN A SERIES OF CLASSICAL, COMIC AND AUROBATIO DANCES.
TO-NIGHT
From 9 p.m. till 1a.m.
THE
HONGKONG & SHANGHAI HOTELS, LTD.
SHIPBUILDERS,
·SHIP REPAIRERS,
BOILER MAKERS,
FORGE MASTER'S DIS
OXY-ACETYLENE AND
ELECTRIC WELDERS;
MECHANICAL AND
ELECTRICAL
ENGINEERS.
-DRY DOCK
THE TAIKOO DOCKYARD & ENGINEERING COMPANY
HONG KONG, LIMITED.
SALVAGE-TUG "TAIKOO"
WIRELESS: Clare
Y.P.G.N. 800 Harken.
Length 787 Feet. Length on Blocks 750 Feet. Depth on Centre of
SIN (H.W.0.5.T.) 84 ft. 6 fus.
THREE SLIPWAYS-
Capable of Handling Ships Up 4,000 Tons Displacement.
Electric Crane at Soa Wall, Capable of Lifting 100 Tons at 70 Foot Badins.
BUTTERFIELD & SWIRE, Agents;
HONG KOKICHIKAT
80211
JAP