$1031
HONG KONG DAILY PRESS, FRIDAY, DECEMBER 30, 1932.
MONEY AND MARKETS
HONG KONG STOCK | DUNLOP ALLIANCE
MARKET
YESTERDAY'S OFFICIAL
QUOTATIONS
The investment section displayed · further armness this morning, and Lands, Trams, Ferries and Elec- tries wore being, sought for on higher hasis than yesterday...
B
WITH U.S. RUBBER
FUSING ELÁSTIC THREAD INTERESTS IN EUROPE
LONDON STOCK EXCHANGE
(BRITIJA - WIRKLESS SERVICE]
Paria New York
Rugby, December 28.
85 5/18
ECCLESIASTICAL NEWS
THE DEAN OF WINCHESTER
ON FEAR OF MAN
Fear by man of man, in substitu- tion for man's faith in and four of God, was the theme of an address given recently by the Dean of Win-- chester (Dr. Selwyn) at the annual meeting of the Christian Evidence Society at Caxton Hall, Westminis- ter, The Bishop of Southwark presided.
...
EXCHANGE
CLOSING QUOTATIONS
ON LONDON:
ON
Uegvanber 20, 1934,
1/1/
Telegraphie Transfer Bank Bills, on demand, Bank Bills, 4 montha'
night.
Credits,
months"
sight
1/31
NEW YORK-
Bank Billa, on demand 201
Credits, e0 days' sight., 218
ON
PARIS:-
Bank Bills, on demand 5321 Credits, 4 months' sight 6721
12
DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
SHAREBROKERS' ASSOCIATION.
THURSDAY,
dalee Nominal
Boyers
Bale Momisi
DEC. 29.
Banks
$1,570
1,680/1,687
H.K. Banks ********* $1,660
2116
Do. (London) .......
***
£19
Chartered Banks....
£14
293
Mercantile Bks "A"
Do.
291
$108
Bank of East Asia....
N. C. & S. Barka ...) $7.36
$28
Am, O. Fin, Corp: M
3.33
16
China Fiu. Corp. Ord.
· Montreal ......
3.701
T.4.50
Do.
Prof.
Brussels
23.07 17,30
Ingrances
Cantou Insuran 006...
$1,940
11,3)
$260
Underwriters ******
128)
Union InsuranŌNE ....
Amaterdara Berlin
€5 8.291 18.171
96624 $360
141
$538
$620
China Eiros,..................ini
BR25
Stockholm
18.30
$1,150
H.K. Fires...ADIPIS
International Assoe..
$1,3
T.4,15
Hhipping
Douglass ......
$27,10
$98
$23
Steamboats
tras
Indos (pref.)
65/-
#32
Do. def
80%-
By the formation of this company the Dunlop Rubber Co. and the United States Rubber Co. America are fusing their interesta in the rubber and latex thread businesses throughout Europe:
Copenhagen
19.20)
Oslo.....
19.40
of
Vienna
23)
in God. There perhaps had never! OR MANILA:--
On demand
Prague
112
On demand
Helsingfors
299
Madrid
40-13/10
On demand
481
Shells............ans
48/-
Dairy Farms, 890).
1091
$201
Waterboats.
um
Впуста.
On demand.
Mining
3201
Hong Kong Banks, 91,675.
$18
Benguets......
319
...
34,15
28/3
Kailans
25/.
T.4
T.<
T.
31.90
10,6
$1.65
$143
$4 20 Venezuela Gold Flds.
Langkats (single).....}
12.10 Explorations........
T2,30 Shanghai Loans
Raats
Troach Mines
23 otr. Benguet Explorations
124
$10
18
T.96
Docks, WharVSE,
Godowns, etc.
(LK, & K. Wharves) $1411
Providents (vld) --- $455°
Do. (now)... $1.80
B.K. & W. Docks
5. China Motors' A'
Do
"
Shanghai Docks ....
T820 New Engineerings,
Tags Hongkowi ammi
Lands, Hotels, and
Buildings
I
3102
#75
+
THUR
30
T.95
TEL
$10.00
***
H.K. Hotola (old) | $14] | #10.80 #12
Do. (now)
CIN
$10)
H.K. Lands
T.38
Bhanghai Landa...
T.10
Metropolitan Lands..
HK. Realties.......
$2.80
$8.90
T.103 China Do
18.93
18.8
1:09 Do. Debentu.cs
Humphrey *** $14,90 M$140 Asia Realtios “A”........ M$98
"Do,
Chinese Estates.........
100
- $11.90)
$8
T14,
L
***
T14.40
22 60j
פון
The formation of the Dunlop. Revere Thread Co., Ltd., to carry on the business of manufacturers of On the other hand, the specula- and dealers in rubber thread cover- set-back, ed with textile fibres or other sub tive issues. suffered Lights, Hotels and Cements were dances, elastic yarn, and like com- being offered at a substantial re-modities, luns been announced, duetion, compared with yesterday's elesing rate.
Bales.
♫
Union Insurances, 8037)/600 China Lights (Old), 8131. Electrics, $70/784.
Canton Insurances, $1,940. Union Insurances, 8552). Hong Kong Fires, 81,190. International Assce., Tis. 1.13. Douglases, 87.10.
Raubs, 81.20. Wharves, 31411 Providents (Old), 84. Providents (New), $1.55. Hotels (Old), $103. Hotels (New), 80.00. Hong Kong Lands, 873. Humphreya, 814.90. Realtics, 862.
Chinese Estates, $98. Ewo Cottons, Tis. 14.35. Hong Kong Trams, $20.60. Star Ferries, 801. Chinn Lights (New), $10). Electrica, 876,
Telephones (Now), 9251. Dairy Farms, 3231. Govt, Loans. 21% Prem
Bellers
Inion Insurances, 858. China Lights (Old), 8134. Electrics, 876b. Cements (Comb.), $10. Coments (Old), 881.
'Cements (New), 81.
Sinceres, $15į.
Wallace Harpers, 810.
[T+401 WHAT TIN CONTROL
Colton Mila
Ewas
T14,40
1.73
S'hai Coltoa.......
T11
Zooug Sings
T724 *T.112
$125
Wing On Textiles(8.)
$115
++
Publie Utilities
Tramways. 201
$15)
Posk Trams (old)...
$15
EB
Do (now)...
Star Ferries
191
3541
Yanmazi Ferries (old)
133
$83
Do, (Dow,
132
$101
Do. (new)...
$76
Macao do.
$18
$30
eam. rights... Now
Chins Lights (old).....| $15,78)
H.K. Electrica.......
Bandakan Lights ....
Telephones told)
Do. (LOW)
China Basse
Tractions
Do. (prof.)...
i
*
iane foalipd) 31
78/76]
$27 $251
•
$151
*
HAS DONE
124,000 TONS KEPT IN
THE GROUND
London-At the annual general meeting of the Kamunting Tin Dredging Co., Ltd., Mr. J. Howo son declared that 21 months of con- trol had kept 124,000 tons of tin in the ground. Present total supplies
were a little in excess of 58,000 tons, at least double what world
04
markets were prepared to carry for the industry, while the Pool held 21,000 tons of these supplies.
Without international agreement there would have been no pool and the whole of the 56,000 tons would have been thrown on the markets, while a substantial portion of the unmined. 124,000 tons would have bean produced before production had been forcibly coased all over the world, as assuredly it would hava ceased,
These horrifying figures were in sharp contrast to the present 30,000 tons of uncontrolled stocks,
Important Now Lines.
The new organisation' will con- tinue the Juanufacture and sale of the standard products of the two companies and will also develop certain new lines" believed to be of great importance," says, & state- ment issued by the Dunlop Rubber Company.
ין
Rubber thread is the raw mate- rial of a wide range of elastic pro- ducts, including corsets, suspenders, gartera,, braces and the like, which form an important part of the clothing industries.
Hitherto all rubber thread has been square thread, cut from find sheots of milled rubber, but the Dunlop Company and the United States Company have, the state. meat, continues, been working...in- dependently at the production of a round elastic thread directly from the "latex" or "milk" of the rub ber tree. This product, which has now been perfected, offers great ad- vantages over the square thread, both in quality, due to the superior ity of latex products, and in the wider scope of its application.
It will now be manufactured in this country by processes embody ng the best features of the methods evolved by both companies.
Elas le Fabrics.
Genova
Milan
Lisbon Athens
Bucharest Belgrade
Rio....... Buenos Aires Montevideo ....min.
Bombay Shanghai
Hong Kong Yokohama
Silver (Spot) sind Silver (Forward) War Loan ...............
325
38.3
240
10
Nominal.
30 nom.
3/8
1/71
1/3
1/33/10 10+ 100/16 08 13/10
JAPAN'S LITTLE BOOM
A
"
OCT. PRODUCTION INDEX · SAW 3 PERCENT RISE Tokyo, Dec. 20. There are signs of many industries increasing pro duction The Mitsubishi Economic Institute puts the average October production index at 162, an increase of three points over. September and nine points over October last year.
In November raw silk for Kobe and Yokohama witnessed a
ON INDIA-
Telegraphic Transfer...
The Dean of Winchester said that the old conflict between religion and science was out of date, materia- lism as a doctrine of the universe had been blown sky-high, but there was another religion which was not materialism, but which was "even more formidable-humanism, which ON Kont:- substituted belief in man for baliof
Bank; on demand. ON SHANGHAI:--
On Demand
ON BATAVIA :-----
ON SALOON-
On domand
Ox BANGKOK-
On demand SOVEREIGNS, Bank Baying
Rate
BAR SILVES, per oz
been a time when fear played so large a part in people's minds. ON SINGAPORE :-- People seemed to have a fear of all men and of all nations-of what they might do and_of_what they night fail to do. It was called lack of confidence, but at bottom it was fear. It was curious that in an age which had tended so largely to give up faith in God and to sub- stitute for it faith in man we should find a very widespread fear of man. The effect of banishing or belitti ing the fear of God-reverence for the power of Providence which gorerbed the universe was inevit- ably to unleash one of the most formidable powers in human life-- the emotion of fear, and to let it range round the world, doing enor mous damage to people and dis turbing the very foundations on which the motul life of society must reat. They might say to the scop- tics and the humanista: "You taught people to believe in man, and the result you have produced is fear by man of man almost with- out parallel in human history."
The Bishop of Southwark Baid that the Christian Church must meet doubts and difficulties on every level of human intelligence. It must not only confront the scep- ticism of the highly finished philo de-sophical professor, but also the sim- pler, cruder doubts of the man in the street-and, above all, of the man in the park. If they neglected the simpler doubts and difficulties of the people who listened to the Hyde Park orators and other open- air speakers, they were neglecting just as essential a part of the work of the Church as if they were to cease to supply to Oxford. Cam- bridge, and other places of learn- ing the men qualified to defend the Christian faith there.
case, while cotton yarn produs tion mounted by 10,000 boxes to 240,000 boxes. Foreign paper, alle viated ite. production curtailment, by ten per cent. A similar allevia tion was made for bleaching pow- The United States Co. has also der and caustic soda. Copper and developed processes for the pro-coal production also increased. It duction of elastic yarns under the is therefore believed that the pro- trade name of "Lastex," embody-duction index for November will be ing the use of cotton, silk and other higher.'
textile fibres. The new youns can It must be noted, however, that be knitted or woven into fabrics of this increase in production is not all types which will be elastic in general. Activity is limited to This development export goods which benefit by the all directionis has made possible the production of depreciated yen, and those for a wide range of garments and other which there is speculative buying articles with properties hitherto in anticipation of higher pricos unobtainable.
through inflation. The recent rise The new company will not en-in commodity prices has bean gage in the manufacture of fabrica caused largely by manipulation, or completed articles, but will leave not by real demand. This rise. hs the development of these to the been preventing many makers from any alleviation in their production weaving and knitting industries.
has made possible the production of restriction.
Statistics are as follows, the in- the corset trade has already gone
Average: over to the new material. The dex based on a four years same is true of bathing suits, and from 1921 to 1925.
Oct, Sept. Oct. the use of the yarn in socks and
1931. stockings, surgical stockings and
208.4-227.2 221.7 bandages has proved very advant- Raw silk..
∙129.0 ́ ́·129.1° 125.3. ageous. The application to women's Cotton yarn
363.9-163.7 151:7 dresses and cape is also antici- Cotton cloth pated These are, however, only a Foreign paper.. few of the developments which it Coal is hoped will follow.-V.C.D.N.
$254
T.10
26
12/.
Industriais
$27+
Malabon Bugars
527
2.14
Caldbeck, (ort.)
T.104
Macgregor (pref.)
36
Canton Ive
310.30 $104.20
Coments (comb.)..... $10.35
$10
$81
Do
(old)...
++
Do. (new)
$5,50
19 $11
$10
Ropes.......$0.00
$7
Ch: Agriculturum.
MiscellaneoWS
$281
$28.97
Dairy Farm. v**
$254
Der A Wingsto
310
Amusements
3161
$13,40 Ch. Etainmenta......
3131
16.10
Constructions, (old)]
$8,10
31.40
Do. (LOW)
$1.30
$5.40
Lane Crawfords..... --
$5.95
21
Mackintosha
Nanyang Tobacco...
Binceros
20
#154
$12!
Watsons (old) ..................
512
311,40
1o. now)
$12
New York: December 28
13.36
Wm. Fowells............
$3.90
Dow Jones Averages: High 1939
Low: Dec 27
Dec. 28
Change
$10
M. Greyhonuda......
30 Industrials
88.78
41.88 57.60
£7.85
25 up
To
United Theatres......
3. C. Enterprises...
20 Rails
41.30
13.23 24.24
24.09
.45 ap
20 Utilities
36.11
18.03 28.59
26.66
07 up
69/
B. Ind. G. Bonde....
40 Bonds
83,26
85.78 76.83
76.85
.90 up
24%,
prem.}
H.K. Gork Loans.....] $102)
**
310
Wallace Harper
10
China Sporta Ltd...
3225
+
A.K Wing Onwa
S'has Do.
*
NEW YORK STOCK EXCHANGE
A.O.F.C. QUOTATIONS
(REUTER'S AMERICAN SERVICE]
3. A. Fierce and Do. Report. With a broadening of the market it developed a mixed tone and apparently considerable switching is under way. Chemical stooks, particularly Allied Chemicals, are recommended, also issues of the American Can, Continental and Consolidated Gasy particularly on small recessions. Business Dons: 1,600,000 shares.
`LOCAL, AND REGULAR OUTWARD MAILS,
1939
Div.
LAST BALE
HIGH
Low PAE, SH.
WEEK DAYS,
SUNDAYS & HOLIDAYA
62 87
: 318
3.00 Air Reduction.
Dec. 27 Dec. 18 850 839.
42
8.00 Allied Chemical & Dye:
801
FUR
From G.P.O.
FROM (SHEUNGWAX
BRATON BO,
FROK G.P.O.
Удом ŠKRUNGWAN Βρίκου
Tat
4.00 American Can.....
53
-831
137
71
9.00 American Tel. & Tel.
*102
102
39
6.00 American Tobacco
67-
53)
16
Anaconda Copper Mining
lates Yamabul and Wuchow
4.00
· direct steam tr
น
(7.15 am, & 7,00 m.
6.00p.m.
(7.00 pe
p.m. 1.00 p..
57.18 m.) 7,00 am, &' 18.00pm.
131)
4.00 Auburn '................
■
„Šinens & Trinsden'
Zongmoon (except Saturdays) 5.00 p.m.
Kaukong (6' copt Saturday"};] ||
(7.15 am, & § 780 8.0.
Ì 1,80 p. 1:15 pm.
0.00 p.m.
100 put
(835m 1.16 p. Banday's B.15 Be only 5.00 pm.
17.00 p
9.00
(810 m
43
201
2.00 Borden Company
201
Canadian Pacifio
91
1.00 Chrysler Motors
...
081
67
23
1.80
Bundays
·8.00 100. only 6.00 p
6,50 p.m
6.00 p
104-
-7,15 a.m
11,00 am
Patalian and Wuchow (B)
Train]
7.18
1.00 pm, F-8,00 m, &
| 8,00 p.m.
9,00 m,&
8.00 pm, 1 1.00 8.000 p.m.
9,00 8.70.
- 15,00 mt.
101
464
§ 11,00 metu.
Ahwungohow
Autau
(Pingshan, Sautin
Shalankok and. Eheung
&6.00 pm
€8,00
2.80 B
8,30
10,20
3,00 07:
10,30 m
a1 -4.00 Consolidated Gas of N.Y.
4.00 Drugs, Inc.
222.00 Du Pont, de Nemours...
363.00 Eastman Kodak
0% 6. Electric Bond & Share
8 0.40 General Electric
2.00 General Foods.
1.00. General Motors
1.00 Gillette Balety
3.20 International, Harvester International Tel.-
4:00 Liggett & Myers
3.00 Locw-Inc
Montgomery Ward
2.80 National Biscuit 2.00 Pacific Gas & Elect
Pennsylvania Rail
Radio Corpn..
Sears Roebuck.... Standard Qu.CO
Jüreya
p
Bocony Vacuum Corpi
Union Carbide & Carbon
0,00 Union Pacifio
United States Stee
estinghouse
Copper, Bleaching nower Caustic soda Average
1838 182,4 178.4 08.0 20.8 101.0 129.0 128.0 133,2 146.4 130.0 113.6 1941.3 219.3.2021 1620 159.0. 153.0
BOOM IN JAPANESE BEDR EXPECTED
STOCKS TO BE STORED ON U.S. BORDERS FOR "WET" VICTORY
Tokyo, Dec. 23.-The Beer Bill, which passed the American House of Representatives on December 21 has caused anticipation of a great boom in the Japanese bear indus try.
There have already been
+91
gotiations from the other side
up
of
of the Pacific regarding stor ing
buge quantities Japanes beer, in Canadian and Mexican territory border- ing the United States, and to e- port them immediately into the country as soon as prohibition is ropealed.
Export of Japanese beer, there fore, which amounts to barely 3,000,000 gallons now should enjoy an unprecedented risa till America manufactures her own beer.
AMERICAN ORIENTAL FINANCE CORPORATION
ikrough its Agent
Asia Lands Limited
Gloucester Building
ZOOMPLETE BROKERAGE SERVICE
NEW YORK STOCKS
pariti
Infection
431
511
59)
140X
1/39
10
at School
Formamint will protect the children against Infections caused by the coughing and sneezing of little playmates.
Calve your children's Formamint, tablet, when they soʻto school and when they comehome.Formamint will vennet off Infectious Sore disonses, suaÏ' AS I Throat, Influenza, Menales, Scarlet Fever; ato.
Buy a bottle to-day!
FORMAMINT
-Tha” Germs-Killing Throat Tablet. At all Chemistu;
The Rev. C. L. Drawbridge, the transition there was a splendid secretary, said that in an age of opportunity for atheist societies to attack all forms of religion. The society had held 1,388 open-air avi-
society, and said that they wanted dential meetings during the year appealed for more support for the
Lord Daryngton, the treasurer, youth in the moyement., in London alone.
Lack of Calcium
causes Weakness
Build up your Strength.
with KALZANA-
the Calcium Food
Calcium is the mort
of your health, the element that gives your body, the power of resistance. Any real lack of this vital element will make your body *** shaky," and spoil your health.
A few typical symptoms of too little calcium in the colds an troubles, body are susceptibility to weak and decayed teeth, hair falling out, acidity, rickets and many other common minor ailments, Indeed, innumerable aflrpents are caused by cal cium deficiency, Kalzana, the scientific calcium food supplies this much needed element in the most easily absorbed form
Kalzana removes the root cause of so many such complaints. It strengthens the body and the heart. It gives a new power of resistance and a new feeling of health and vitality. Kalzana will improve the bealth of mother, and child, of man and boy. It is a Gum food, and contains no drugs, so that it w alesa. Kalzina must do you good.
Kalzana
THE CALCIUM FOOD Wall Chartats and Stores,