LLOYD TRIESTINO
FLOTTE RIUNITE LLOYD TRIESTINO-MARITTIMA ITALIANA-SITHAR
EXPRESS PASSENGER SERVICE FAR-EAST-INDIA-ITALY SAILINGS 1935.
For Shanghai
2.5. CONTE ROSSO" 4th July S... "CONTE VERDE"... 1st Aug. *.. "CONTE ROSSO"
1st Sept. 9.5, "CONTE VERDE". 3rd Oct.
For Singapore, Colombo. Suez, Port-Sald. Brindisi Venice.
(London by rail) & Trieste. 5.8.CONTE VERDE"... 9th June 8.8. "CONTE ROSSO"... 12th July B. "CONTE VERDE" ... 9th Aug. "CONTE RO880"... 9th Sept. *3. "CONTE VERDE"...1 4th Net.
For Full Particulars and Reservations of Accommodation Apply to:-.
LLOYD TRIESTINO
Qaren's Building, Ground Floor,
Tel. Add', “ LLOYDIANO””
Telephone 32981.
Agents in CantTONI~~
P. Q. Box 143.
DODWELL & CO., LTD., SHAMEEN, „
USE CUR SPECIAL
AEROMAIL
LETTER PAPER & ENVELOPES
AND
PAY LESS ON POSTAGE
"
LETTER PAPER
ENVELOPES
$1.00 per 100 Sheets
$1.75 per 100
ON SALE AT
HONGKONG DAILY PRESS
11, Ice House Street.
THE BOUISSON GOVERNMENT
Restores Country's Confidence
Tel. 30251.
RUBBER MARKFT REVIEW
The following review on the rubber market, by Messrs. Lane Mitchell, Hymans & Kraay, Lid... was forwarded to us yesterday.-
The better tone which we in- Faris. June, 3. dicated in our last review has The anancial world is showing strengthened, owing to favourable confidence in the Boulsson Govern-factors, which are at last apparent ment, which faces Parliament to- morrow afternoon.
The demand for Governnient issues at the last opening of the Bourse so heavily exceeded sup- plies that a quarter of an hour elapsed before prices could be quated. Ther. 41 and 3 per cent Rentes rose over three points from the prices of May 31.
Thanks "Lo the restoration of confidence, a large public loan is expected in the near future.
after the continuous stream of un- favourable news experienced" dur- ing the earlier part of the year. The settlement of the strike in the 0.8.A.
has induced substantial buying by mahufacturers.
The statistical returns from the U.S.A. for April, detalled below. have exceeded expectations. The consumption is excellent and the near visible supply to that country if the "afloat" figures are rellable) shows & reduction of 10,580 tons at the end of the month,
General Currency stabilisation is the corner-stone of the policies of
Stocks in Malayan ports at the the Finance Minister, M. Callaux. end of April are nearly 7,000 tons He is credited with the intention lower; this reflects the large ship- of shortly proposing the resump-ment figures in Aprf, which were tion of the London Economic Con- considered disappointing at. the Terence which adjourned in 1032.
"
CERTAIN REFORMS "The recovery of international trade is in the forefront of my preoccupations," M. Calllaux told + newspaper conference. "In
dentally, it will singularly facili- tate matters if the great rencies, other than francs.# can shortly make stabilisation their common object "*
CUT.
is
time.
HONG KONG DAILY PRESS," WEDNESDAY, JUNE 5, 1935.
H. K. STOCK" EXCHANGE
YESTERDAY'S OFFICIAL
QUOTATIONS
There were
more buyers than sellers in evidence during the day and it is increasingly dimeult to pick up shares at quoted rates. Trams, Telephones. Electrics and Lights are inquired for and Ittle more would be paid for de- cent lots but holders are not in- clined to part at the present very low rates ruling.
BUYERS
Hongkong Banks, $990. Union Insurances, $325. Douglases, $38. Providents (old), 75.cts. Hongkong Lands, $31. Hongkong Trams. $121. China Lights, 38.15. "' Electrics, $571
*
Telephones (old), 319.80. Singapore Tractions 10/6. Singapore Tractions (pref); 22/6. Dalry Farms, $12.90.
Govt. 4% Loan, 5% Prem. Govt. 34% Loan, 2% Prem.
SELLERS
Underwriters: 70 ċts.
Wharves (Cum Rights), 382 Wharves, (Ex. Rights). $81). Wharves (Rights), $4. Sandakan Lights, $5.
Wallace Harpers, $5.
SALES
Union Insurances, $330.
Itogons, 30 cts,
Raubs, $5.15.
Hotels, $4.15.
Hongkong Trams, $12.80/313. Electrics, $57/$58.
LONDON EXCHANGE" RATES
(BITION WIRELES SERVIÓN =
Sterling Farity:
May, 31.
June...3.
Amsterdam Athena"...
19.10 Florina
7.514
7,26
.... 375 Drachmaa
·Belgrade era in Berlia
X76,316 Dinars
217
**** 20.43 Marka
12.181
12.12
Bombay ............ 1s 6d. per Rupee. Brussels
35 Bajzna
28.99
28.93
Bucharest Buenos Aires Copenhagen Genera
813,568 Lei
4821
11
47.58d. per Penc
18.139 Krens:
25.221 France
15,33
15.07
Helsingfors ... Hongkong Lisbon
193.23 Marke
2/5 3/18
2/59
Madrid
Milan
... 110 Esendos "
25.99 Pesatna 35 1/92.
99.40 Lire 30.85, per Fesa
352
501
59 7/16
391 S.O.
↓
***** 4.867 Dollars
4.92+
4.92
4.924
4.924
Rio de Janeiro
18.159 Kroner 184.2 Franca 164.95 Kronen $6.83d. per Gold
74 21/32 118
74 21/84 1171
Milrain
1/8 5718
1/8 3/18
119 Kronor 34.564 Schillings
26
$4.38d. por Yen
Silver (spot) .... Silver (forward) War Loan
337
331
34
334
24%
31 105 15/16
Montevideo
Montreal
New York
Oslo Paris Pragua
Shanghai Stockbolsh Vienna
Yokohama.......
On demand
ON JAPAN:-
4.667 Dollars
Closing Quotations
O NEW YORK:--
Bank Bills, on demand 57
Credits, 90 days” sight. évf.
ON BATAVIA --
On demand
Bank Bills, on demand 870
PRESIDENT LINERS
are
13
LUXURY LINERS
(i
with Superior Accommodations at Low Fares
ป
All Prendelet Liner staterooms are outside, large cmd alry with hot and cold running water. And the majority of the cabins are equipped with bath or shower, availableat only slightsup- plementary charge...Another example of the fact that you may travel in splendid luxury on President Liners, at aston- ishingly little coat. Investigate before you plan your next hip.
મા
To SAN FRANCISCO 18 Days To, VICTORIA, SKATTLE 17 Days via Shanghai, Vobe, via Shanghai, Kobë. Yokohama, Honolulu
Fortnightly sailinga
Fra Coolidge June 15, 11a.m. Trer. Fierce July, Might Prea. Hoover. July 13,10 m. Frer. Wilson.. July io, M'aight Pies, Coolidge A1g. 10, 8 ar.
EUROPE, NEW YORK'
Inquire for round-trip. tickets to Europe in connection with Lloyd Tristno.. Vis Manila, Singapore, Fenang, Colombo Bombay, 8265 Canal Alexandria Naples, Genos Marsalles
Yokohama
Fortnightly sailing Pres. Jeferson. Jone 7,-M night Pres. Jackson.June $1, M'night PrescKinley July 5, Might P. Grat. July 19, M'night Pres. Jafferion. Aug. », 'night.
MANILA
THE MOST FREQUENT SERVICE
Next Sailings
9pm,
Pres. Monroe Juro 8,8m. Pres. Coolidge.. June Pres. Van Buren.June 2*, 8. a.m. Près. Merce June 8 år. Fres. Garfeld July 6, a.. Pres. Jackson...Jure 15. 6pm. Pres. Polk .... July 2, & a ml Prea, Yan Buen Joue $2,8 Pres. Adams...... Aig. 3, 6 a.m. Pres. Fieres... Ju e 26, p.m.
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
s
Jane 4 1933
ON LONDON:-
Telegraphic Transfer... Bank Bills, on demand Bank Billa, montlu'
4f
right
2/42
ON PARIS
Credit, four months?
sight
2: 1
Credits, 4 months! sight 993
ON SHANGHAI ? -
UN SALOON -
On Demand
ist
Ob demand
MT2
ON SINGAPOak:-
ON MANILA:
10 į
On demand
{'
ON BANGKOK :-
200
On demand
702
SOVEREIGN, Bank Buying
Ista
15
BAR 81, per
2/01 331
SINGAPORE RAW RUBBER
Latest Singapore Prices
CONSIGNEE NOTICES.
NOTICE TO CONSIGNEES.
On demand
THE EXCHANGE DA
· MARKET
MESSRS, ROZA BROS
Silver prices dropped 1/4 yester day for both deliveries: the quota- tion being 33 for Ready and 332
for Forward.
Silver advices reported India as having bought. China. operated both ways. The tone was weak owing to lack of demand.
Telegraphic Transfer... Bank, on demand. .......
» BERLIN BOURSE
[Special to the "Hong Kong Daily Press" (Copyright).]
Berita. June 3. Purchases by the public which characterised last week's dealings were lacking In Monday's share- market. In consequence specula- tors indulged in profit taking re- allsations with the result that the fendency was weak.“
Fixed Interest securities were very calm, prices mostly remain- The London/New York crossing unchanged. rate was quoted at 492 and New York/London at 4921.
In America the rate was lower. at 731 for Spot.
Market.
the
Opened easy but subsequently weakened owing to some demand, at the lower level the tone WAS steady.
Sterling
Business was done shortly after Livery, followed by transactions at the opening at 2/43 for July de 2/4 for August. Subsequently offers at 2/4 11/16 were accepted for July and 2/4 was done for June and July. Later transactioris were arranged at 2/4 9/18
pm with sellers at 2/4 for 2/4 for June and July, closing at June, 2/4 9/16 for July and 2/4 for August, buyers probably at 1/16 higher respectively.
and
U.S. Dollars.. Opened with sellers at 581, buy ery bidding 581, Business was done later at 584 for near 588 for rear and 58 for near delivery. The market closed at lunch time with sellers at 58 9/16 June and 53 July, buyers at 1/16 higher spectively,
re-
"
Call Money 2 to 31. Young Loan increased to 1032, Reichsbank weakened to 178- Transocean Kuo Min.
REICHSBANK RETURN
BENJAMIN, & POTTS Messrs. Benjamin and Potts have received the following Straits cur- Singapore tency quotations (buyers) from yesterday for " Raw
rubber.
Spot
197 cts. down i ̈et: July/Sept. 204 cts. down fet. Oct./Dec. 211 cts. down et Jan./Mar. 221 cts, down ct. Market Steady.
MESSRS. EL B. JOSEPH & CO. Messrs. H. B. Joseph and Co., re- ceived the following Straits Cur- rency quotations from Singapore for Raw Rubber
Sellers 201 211 221 231
Spot
Buyers (Special to the "Hong Kong Daily
20 up i Press" (opgright),
July/Sept. 207 up 4 Oct./Dec. Berlin, June 3.
-217 up 1
May 31. published on Monday, The Reichsbank statement of
Jan./Mar. 227 up + Market Steady. shows that goldstack and foreign currency reserves decreased slight- 17 to a totali of 80.4 millions marks. Note issue increased by. 399.2 millions to 3810 millions, the the month's demands Increase being due to the end of
The amount of credit issued, as measured by bills, cheques, ad- vances and investments, increased by 434 millions to a total of 44796 mutions—Transocean. Kun Man,
CURRENCY CONFERENCE
FRANC SPECULATORS
BADLY HIT
(Special to the "Hong Kong Dal Press" (Copyright).]
AND
FEDDER BUILDING— HONG KONG.
CARTON BRANCH 2-4, SHAKES ÉCAD,
OCEAN STEAMSHIP CO., LTË”
·OBINA - MUTUAL STEAM NAVIGATION CO., LTD.
(ONSIGNEES.per Co.'s Tassel
"AGAPENOR".
From UNITED KINGDOM
TIA SINGAPORE.
CONSIGNEE NOTICES.
SERVICES CONTRACTUELS DES MESSAGERIES MARITIMES.
OONSIGNEE NOTICE,
5.3. "ATHOS 11"
ARRIVED HONG KONG on THE SATURDAY, 1ST JUNE, 1935..
are hereby notified that their cargo
"From MARSTALLES will be discharged into Holt's Wharf Kowloon, where it will liest Consigo-named Steamer are hereby NONSIGNEES of Cargo by the nees' risk and subject to terms and conditions of storage at Holt's Wharf, informed that their Goods, with the The Caugo
will be ready for delivery exception of Opiam, Tress and Valu from Godown on and after frð June. ables, are being landed and piscect a
Optional cargo will not be landed their risk in the Godowas of the Hong here, unless notice has been given Kong and Kowloon Wharf and Godown prior to steamer's arrival bat carried Co., Ltd., Kowloon, whenes Delivery eas on from port to port to the final port | be cbtained as the Goods are landed.
which
the option extends. Goods not cleared within 7 days, iz All broken, chafed, and damaged dinding date of arrival, will be subject to goods are to be left in the Godowns, Bent
All Claims must be sent to the where they will be examined on any Tuesdays and Fridays between the signed before 15th Jane, 1988," hours of 10.45 AM. and Noon within ther will not be recognized. the free storage period.
of call to
No claims will be admitted after the Goods have left the steamer's Godown, and all Goods remaining -undelivered after the 10th June, wil
be subject to rant.
All Claims against the Steamer must be presented the undersigned on or before the 24th June, 1935, or they will not be recognised.
No Fire Insurance will be affected BUTTERFIELD & SWIKE,
Agent
London, June >./ Franc speculators here are hard hit by the rise of the franc which is being maintained at 731 by: means of the equalisation fund. Speculators are in a tight place since the equalisation fund refusės to sell francs at the quoted price 3rd June, 1935. to currenty brokers that the [Special to the "Hong Kong Daily latter are compelled to cover their
Press (Covuright).]
commitments by buying francs at Taken together, the above :two
Paris, June 3. a premium from the banka." Losses items account for a reduction in
Rumours that he intends to take to speculators are estimated at stocks of around 17,500 tons, and
the initiative in calling a new many millions sterling but Anar-" the increase in the United Kingdom
currency conference for discussing cial circles are not inclined to dia- stocks of 3,300 tons during the same
stabilisation are denied by the play much sympathy since the month is neglible in comparison.
Finance Minister, M, Caillaux, in a' banks had always strongly advised statement Issued on Monday" in against frane speculation→→→ In the meantime the NEL AU-
which no stresses that the duty to Transarean Kuo`mi thorities have increased the export
call such a conference does not fall duty on the Native Rubber by two
US Dollars--opened on him. cents per kilo us from June 1 with sellera at 41 5/16 and closed which will tend to check excessive Leasier at 40 15/18 for near delivery. revival in world economy
Caflaix adds, however, that the shipments from that quarter.
would
Shanghai Dollars. Sellers were quoted at 1423 for near delivery. "
Shanghai Market. Early advices indicated the mar- ket as being steady with sellers at 1/8 1/18 for near delivery, The market closed easier at 1/7 15/16 for cash.
Si
SILVER PURCHASES
AGENCIES.
The London Office of the HONG BONG DAILY PRESE, 53, Pura BKY, E.0. constant ly receiving Enquiries from Hon Yesufacturers regarding Euitable Firms to act as Agents for their products in Hong Kong and South China.
If local
Washington, June 3. nations would, in recognition of Mr. Morgenthan a drastic change Mr. Dies intends to propose to
the advantages to be derived from in the Silver Purchase Act with the maintenance of the franc, a view to "hating the downward decide to co-operate for the pur- trend pose of international stabilisation removing
of American export and the constant threat of currencies.- Transacton Kuo Min.
hanging over the cotton market."
Mr. Dies would let the Treasury, suspend for a year all aliver pur chases in world. markets, and in stead buy silver at a certain fixed premium over the world price only from nations which agreed to ur- chase some of the surplus agricu. This
United
H.K. SHAREBROKERS'S ASSOCIATION
The Finance Minister has al- ready initiated certain reforms,
The market opened steady in be greatly stimulated if other including the decision to appoint Stocks in the United Kingdom the afternoon and then eased off two commissions, one of which will now total 166,732 tons, an increase slightly, but towards the close a consider reorganization of the of 100 tons over the previous' re-steady tone prevailed. Stock Exchange and the other turn, During the week it is elaborate means for making ex-estimated that an increase of about
Sterling Sterling, Business was done at penditure correspond to revenue. 1,200 tons has taken place.
2/4-9/10 for June. The market then eased off slightly and offer REICHSMARK QUOTA. Rt. 2/4-0/16 were accepted for
TIONS
July followed by transactions at 2/44 for near and July, Towards the close the market re-acted and business was done at 2/48 for August, finishing with sellers At 2/41 June, 2/4-8/16 July and 2/41 August, buyers at 2/4 June, 2/4- 11/16 Jaly and probably August,
U.S. Dollars Business was done early in the afternoon at 58 17/16 for near. The market then steadied Kp and transactions, were arranged at 581 for near and 589 for July, anish- ing with sellers at 58 for June, 88 for July and 581 for August, discuss buyers at 581 for June. 58-11/16,
for July and 684 for August.
BANK BATE REDUCTION The recent drain on gold held by France has now ceased and an early reduction of the bank rate. which is now six Der cent.. expected.
An official statement, issued by the Minstry of Finance conarms thur M Calliaux favours interna- tional stabilisation on a basis of the present parity of the franc, but suggests that he is too preoccupied to deal with a stabilisation con- ference at present, as he is ah- sorbed with balancing the Budget and maintaining the present rate of the franc...
[Special to the "Hong Kong Daily Press" (Copyright).).
Berlin, June 3. Retchsmark quotations (without guarantee):-
New Tork...... Paris
Amsterdam ... London Paris Sterling Dollar Transocean Huo Min.
The statement adds that M. Caillaux goes not consider that he Ing Ta ..conference should take the initiative in cali- | stabilisation.- Reuter.
40.52 .610 :59,87 .12.14 .:74.3 15,1325
BUYERS
Banks, $1005.
Nat Com. Bank, $41 Unions, $330. Douglasek, $35) xd. Big Wedge. 7 cts. Hotels, #4.15
Lands, $314.
Land Debentures, $100. Trams. $12.85. Lights: $8.25.
·Electrics, $572. Telephones (óld), $19) Dairy Farman, $12.75.
tural products of the States.
Silver circles appear insufficient- ly interested in the iden even to comment. Router.
Gold Bonds, .90%. Gort. Loan 34%, 2%
SALES
Trams, 113/12.00. Ferries, $74NE Electrics, $574.
ap
Comparies desirous of taking Agencies will let us
Under
Damaged packages must be left in the Godowni for examination by the Consignees and the Company's Bur veyors, Messia Goddard & Douglas, at 10 am on Friday, 7th June, 1935,
No Claims will be admitted after the Goods have left the Godowis
Consig. cesare specially notified that it is necessary for a Revents Officer to be present at the examination of damaged datable cargo.
No Fire Lustranos will be affected ky na în any củao whatever.
R. OBI
Agent Boog Koog, lit Juze 196
PRINCE LINE.
NOTICE TO CONSIGNEES
г3572
FROM NEW YORK. AND LOS ANGELES
HE
MALAYAN PRINCE" Motor Versel
baring arrived from the above-Ports on 2th instant, Consignees of Cargo · Bre hereby informed that their Goods mee being landed at their risk into the Godowns of the Hong Kong and Kowloos. Wharf and Godown Company, Limited, and stored at Consignees" risk Kowloon,
know the Lines in which they are en, dated, and damaged Gooda
interested the information will be forwarded to Landon and passed
ou to interested parias portunity offers.
par to be left in the Godorne, where
they will be examined on Tuesday,
Juns, at. 16 A.M.
4th Jn
All
Sexrice is offered to our Benders 18 Days of the Vessel's arrival bare, 1. Claims must be presented within without charge and, of courses star which, dale" they no obligation is incurred on offer
side.
a walch date" cannot
segnised.
No
Claim
will be
After be The Required Information ibonia be Goods haven' left the Frodown, and all sent to the U
Goods remaining, undelivered after the 3th June, will be enbject to Arst.
No Fire Insurance has born Fected. Bills of
will be oralstrigued
HONG KONG DAILY
«13, Ion Hatun Sammar
Hong Kongs
FURNESS (FAB KANT LTD., Ch Floor, King's Huilding, Comanghi Road
Telephone No. 23165. Hong Kong, 28th May, 1925,