is
A
+
LONDON MARKET
QUIET
War Loan Rising
Special Air Mail Service>
London, Oct. 17.
-War Loan, rising to 104 1-8, was the best feature in the Stock Exchange yesterday. Small buy- ing in the glit-edged market was süffelent to raise quotations, for the supply of stock was hot plenti- ful. As regards War Loan itself,
the fast that the stock is due to be quoted ex-interest before the end of the nionth is exerting favourable effect
Elsewhere, business was on very quiet lines. With the Account closing to-morrow, and the outlook debulous in many respects, there is for the moment little inducement for Initiative. The base metal markets provided more excitement, tin once again registering a steen fall.
}
פין
MELTING OF· COINS
Interesting Case Before Chinese Court
Shanghai, "Nov 2.
An appeal for his clients' acquit- ial was made in the First Special District Court yesterday by Mr. D. S. Chan, attorney-at-law for ten Chine arrested recently Kiangse Road house ou the charge of offences against nation- al currency by melting silver coins into bara. Judgment was reser- ved by the Judge till next Wed- nesday.
Two questions, namely, whether the accused had melted any cons and whether the coins melted by them were genuine ones, were of great importance in this case, Mr. Chen argued. According to the as- eused, sliver they had melted was sent to the Central Bank. On Sep- tember 8, the Central Bank re- So while the war paused in ce.ved from the accused silver dars Abyssinia and sanctions are evoly- melted from old allver ornaments. ed stage by stage at Geneva, the As a matter of fact, the accused City, watches and waits calmly and never had purchased any 20-cent patiently. It is realised that the er ten-cent sliver pieces, but old Abyssinian trouble is the sole rea- suver ornaments, for melting son why markets have not en-purpose. They sent agents to dif- joyed a very active early autumn. ferent parts of the country to col-
International The
crisis has lect old allver
ornaments or aid killed investment enterprise for coins. the time being. But the City is ress disposed to cry over split muk than to recognise that markets are standing up very well to the lengthening period of uncertainty, and that their waaerlying condi- tions are more than usually sund
+
U.S. CONSUMES MORE RUBBER
Yesterday the price of rubber further rose by 1-180 to 61d per b. "The principal factors
two assisting the advance were the raising of the Duten Native Rua Der duty from 23 to 24 cents per kilogram, the highest" ngure' ever reached, and the United States questionnaire guces for Septemn- ber.
in
During last month the consump tion of rubber the United States mounted to 37,553 tons cumpared with 30:350 tons in Sep- tember, 1034. For August last the figure was 39.242 tons. The con sumption per working day in September was 1,665 tons, against 1,265 tons per day in the corres- ponding month a year ago and 1,453 tons per day in August,
Tatal United States rubber con- sumption for the first nine months of this year was 368,993 tons, an increase of 15,847 tons on the first nine months of 1934. Stocks the end of September amounted to 326,238 tons, a reduction en the month of 3,311 tons.
at
WALL ST. AND U.S. RECOVERY
Technical reactions no doubt played their part in the strikingly sharp uplift of prices in Wall Street in the early part of this week. Bears had been operating ot: the belief that European news might create a further recession. But, Anding market sentiment, too strong for them, they were com- pelled to close their commitments. It would now appear that the adverse infuerce of the Abys-
sinian affairs is wearing of in New York, and both professional and private investors and specu- lators are concentrating their at- tention more exclusively upon. favourable aspects in the Ameri- can situation-not merely the glut of credit and the How of foreign funds to New York, but also the consistently good showing of all the indices of industrial progress.
Here are
the latest some of Illustrations of this progress em- phasised in the fortnightly cable received yesterday by the London office of the Guaranty Trust Co. of New York:
"Retail business was particu- larly good, ranging from five to 15 per cent above the preceding Week, Wholesale re-ordering Was the best this scason and Christmas-orders were consider- ably better than last year.
"All branches of the textile in- dustry improved and employ- ment showed an upward trend,
"Production of electricity for the week ending Oct, 5 was 12.3 per cent. above ទ year ago, being the highest figure TE- corded."
And so on.
This good trade news goes hand in hand with the fact that there had recently been a setback due purely to paychological influences.a
TIN AGAIN FALLS SHARPLY The International Tin
Com-
49
The accused, Mr. Chen argued, might sometimes buy also 20-cent or ten-cent, silver coins, but these were not genuine ones, namely, those produced by private mints, As a rule, silver coins, of the Cen- tral Mini consisted of
over 90 per cent. of liver while those of private mint Were of only about 80 per cent of silver. So the cused should be acquitted be use they had melted bad coing day. In support of his argumenta, dr. Chen stated that the Mint antinë. iter had submitted to the court a report on the result of the analysis of coins seized by police in the ac- cused's house, and, according to this report, the coins were found to consist of not over 90 per cent of silver.
H. K. STOCK EXCHANGE
YESTERDAY'S OFFICIAL
"QUOTATIONS
The strength of the market continues, demand having extend- ed to a larger number of stocks, resulting in considerable business at higher prices.
BUYERS
Hongkong Barks. $1380, Canton Insurances, $240. Union Insurances, $530.
H K Fire Insurances, $240. Artamos, 95 cts. Balators, $16).
1 +
Benguet Consolidated $13. -Raubs, $9.
Wharves (old), $85. Providents told), $1,15. Ewo Cottoris Sh. $101. Shanghai Coltons (old). Sh.$85. Shangha! Cottens (new), Sh$55. Hotels, $43.
Hong Kong Lands, $341. Humphreys, $10.
H. K. Realties, $5). Hongkong Trams $141. Star Ferries, $87. China Lights. $11 Electrics. $68.
Telephones (old). $24. Telephones (new), $10, Cements, $7.
H. K. Ropes $31. Dairy Farms, $18. Watsons, 344. Mackintoshs, $5. Constructions (new), 70 nt,
SALES
Hongkong Banks. $1380/1400. Canton Insurances, $240/250. Union Insurances. $530/520.
H. K. Fire Insurances $2324/235 Wharves (old), $84. Providents (cid). $1.15/51. Hotels. $41.
Hong Kong Lands. $35/35). Humphreys, $10.
Hongkong Trams, $14/15. Star, Ferries, $58.
Chiha Lights, $11/11). Electrics, $67,'69, Telephones (old). $23,80, Cements, $7.
H. K. Ropes $31. Dairy Farms, - $18. · Watsons, $4.00/4.85, Constructions (old), $2}.
*
HONG KONG DAILY PRESS, FRIDAY, NOVEMBER 8, 1935.
LONDON EXCHANGE RATES
Paris
Geneva Berlin
Athens
Milan
Shanghal
Amsterdam
New York
Vienna Prague Eucharest Madrid Lisbon Hong Kong Brussels Montevideo, Belgrade Montreal
Yokohama Helsingfors Rio
Buenos Aires Sliver. (Spot Silver (forward) War Loan
On 'LONDON:-
(BRITISH WIRELESS SERVICE)
74 47/84 15.14
42.24
THE EXCHANGE
MARKET
MESSRS. ROZA BRŪS
November 1
November & 74 43/64
·15.13...
내
12.233
4:0 11/16
801
1/2 1/32
4.921
7.25
1187
4.91 15:18 7.244 119
1/63-5
29.14
1/8.9/32 29.13
391 8,0.
4.97
4.971
2911 297
3% 104 13/16.
Closing Quotations
ON NEW YORK:-
29 5/16--
28 15/16 31 1043
Bank Bills, on demand 3'} Credits, 60 days' sight. 38) ON BATAVIA: —
On demand
ON PARIS:-
Bank Bills, on demand se Credits, 4 month's sight 587)
November 7, 1935.
Telegraphic Traniter... Bank Bills, on demand Bank Bills, 4 months'
sight
1/8
Credits.
four months'
sight
1/8}
On SHANOMAI:-
ON SAIGON-
On Demand
120
On demand
361
O
SINGAPORE: —
ON MANILA-
On demand
63A
Un demand
731
JAPAN:-
ON BANGKOK :-
On demand...
129
On demand
1331
SOVEREIGNS Bank Buying
Rate
11
BAR SILVER, per oz.
991
ON INDIA:-
Telegraphic Transfer...
Bank, on demand..........
NEW YORK STOCK EXCHANGE
-(Ihrough Keniers-Agency) (^-
up
"up
QUOTATIONS
New York: November 7.
'Last Today's
New York/London Cross-rate New York Cotton-Do New York Rubber-Dec. Chicago Wheat-Deo.
High Low Close Close 4.91A 1972 4.918 1.92)
1.08 10.90 10,96 11,03 13.35
Change!
I off Firm :07 up
13.87 13.18 13 32
.14 up
94
97.
971
Chicago Corn
-Doc.
[9]
58)
071 24
Montreal Silver -Deo Silver Official
66.56
85.45 61.45 65.70
Dow Jones Averagen
High-1934/38
30 Industrials
142.68
20 Rails
52.96
20
31,01
14.39 88.00 |
997217
84.73 95.35
11 Commodity Index'
65,20
4.up 2,16 1 up 96.-9 .14 up 41.98 $66 68.56. .08 of
Utilities
40 Bonds
Am. For. Pwr
Am. For. Pw. #7 1st
P1.
Am. Locomotive
Am. Radiator
am. Smelting
Am. T. and T. (9)... 1444 .Am. Tob "B" (6)
Am. Waterworks (1) 183 Am Waterworks $8
pre1 (6)
Anaconda Copper Aich. T and B. F
'(2sd.).'
26 up
unchanged
Low: Nov, 4. Nov. 6. Change 84.58 141.07 "14290 1.83 'up
7.11 35.06 36.60
Business Done: -3, 80,000 shares.
281 Int. Nick (,801
Int. Tel. & Tel.
Johns Manville
Packard Motors
Penn. Rly. (1)
Phil. Petro (1)
"
The price for Ready silver was unchanged yesterday at 29 5/16 but the Forward rate, rose 1/15 to 28 15/18. Advices reported China sold. Speculators and America bought. The market closed steady.
In America the rate charged at (5) for spot.
WAS 17-
The London/New York cross- rate was quoted at 4.911 and the New York/London rate was quoted at 4.911...
Market
Nominal. The quotations for forward deliveries were: unobtain- able except for merchant business. Cash transactions were mostly dealt with as cover against mer chant business.
Sterling
A small business was done short- ly after the opening at 1/5 3/4 for cash, the buying rate then receded to 1/5 1/2 -with business done at 1/5 for cash and also 1/5 for cash. The market closed, at I p.m. with sellers at 1,5% for cash, buyers at 1/5 7/13 for cash.
U.S. Dollars Opened with probably sellers at 304 for spot with business reported later at 351 for cash. The market closed at 1 pm, with sellers a 35 for cash, buyers at 362 for cush, ·
Shanghai Dollars
Sellers were quoted towards lunch time at 1/8 for near de- iivery.
F
LLOYD TRIESTINO
FLOTTE RIUNITE LLOYD TRIESTINO · MARITIMA ITALIANA-SITMIR
EXPRESS PASSENGER SERVICE FAR-EAST – INDIA ITAL
-
TAKE ADVANTAGE of our SPECIAL REDUCED TWO «MONTAS "RETURN TICKETS allowing stop over of abou 8
weeks in India, 9 weeks in Ceylon or 10 weeks in the Straite."
FARES FROM HONG KONG
To Bombay
Colombo
Singapore ....
1st.
tod.
244
*
·£18.
$13
id. Ecor, class
291
£:9
NEXT SAILING 8.8. "CONTE ROSSO" 10th Nov, 1995.
Same redreed RETERN TICKETS to SHANGHAI
ist. al. £19, Ind. el. £, 2nd. Econ. el. £6.
NEXT SAILING 8,8. “CONTE VERDE" 20,700 T. 30th Nov, 1935.
For full particulars apply to:
LLOYD TRIESTINO Queen's Haikling, Ground Flour. Təl, Add: "LLOYDIANO"
P. O, Box 143.
Telephone 3221. "Agents in Can'TON 1-
DOUWELL & CO, LT, SHAMEEN,
CONSIGNEE" NOTICES.
NOTICE TO CONSIGNEES.
OCEAN STEAM SHIP CO., LAU
ало
OBINA MUTUAL STEAM NAVIGATION, CO., LTD
YONSIGNEES per Co.'s Vassel
"AGAFENOR "
FROM UNITED KINGDOM
TIA SINGAPORE, are hereby notified that theu cargo will be discharged into Holt's Whare Shanghai Markat,
Kowloon, where it will lie at Cunsig Opened and closed at 1/2 9/18 nees' risk and subject to terms and for spot. U.S. Dollars Sellers conditions of storage at Holt's Wharf. were quoted at 297 for spot.
The Ca go will be ready for delivery from Godown on and after 5th Nov. IN THE AFTERNOON
Optional cargo will not be landed The market continued weak in bere, unless notice as been given the afternoon.
Sterling
Business was done at 1/5 7/16 1/54-1/51. 1/5ł. 1/5 1/16 and 1/5 for cash The market closed with sellers at 1/3 for cash, buyers at 1/5 1/16 for cash.
U.S. DolarS Business was reported In the afternoon at 35 for cash. The market closed with sellers at 343 for cash. buyers at 35 for cash.
H. K. SHAREBROKERS? ASSOCIATION
BUYERS
Bank of East Asia. $67. Underwriters. $1.05. Unions, $540.
Waterboat, $12.
Realtys, $4.80.
Humphreys, $10. »
Ewos. $101 S'hat Dely. Providents (old), $1.15-
·Star Ferries, $86. Lights, $11.15.
Telephones (old), $24
Entertainments, $3
Sinceres, $1. Watsons, $4.80.
BALES
Underwriters. $1.1041.05. Uniors, $540/545. Hotela, $4.79. Humphreys, $10.10. Providents (old), $1.15
Trams. $14).
prior to steamer's arrival but carried on from port to port to the final port of call to which the option extends.
All broken, chafed, and damaged goods are to be left in the Godown, where they will be examined on sny Tuesdays and Fridays between the hours of 10,45 AM. and Noor within the free atorga period.
No claims will be admitted alter the Goods have left the steamer's God wn, and all Goods remaining undelivered after the 12th Nor, will be subject to rent.
All Claimoagainst the Steamer must be presented to the undersigned on or before the 26th Nov, 1935, or they will not be recognised.
|
14
CONSIGNEE NOTICES.
NORDDEUTSCHER LLOYD,
BREMEN,
FRE Steamer
THE
P
SCHARNHORST"
saving arrived from BREMEN, HAM- BURG and Porta, Consignees of cargo are hemby notified that their cargo is heing landed at their rink into the Go- towns of the Bong Kong and Kowloos Whart and Godown Co., Ltd. Rowic where Delivery can be obtained.
Consigneen_pre_further notified that the Steamer BCHARNEURST* bas taken at HAMBURG & BREMEN through cargo for HONG KONG ** 8,8," "Jana", R.B. LED 8.8. " IBDALJELYEN ", S.8, "Lrda ", 8.9. ** BELIN CLAUKîn ” & 8.8. “Ganten ' from COPENBAGEN, BERGEN, GDINGEN, AALBORG & VIIFUEL.
All Goods_remaining undelivered after the 12th November 1935, will be subject to Bent
No Fire Insurance will be effected by
any case whatever..
b
Damaged Packages must be left in the - Godown for examination by the Con siruses and the Company's Surveyors, More, Anderson & Ashs, at 10 am. on the 9th November, 1985.
Consignees must have a Reveune Offers in attendance when damage d dutiable goods are examined by the Company's surveyors.
No Claim will be admitted after the Goods rave left the Godown and all claims must be presented within Two Weeks of the Ship's arrival here, after which date they will not be recognized.
Consignees are requested to surrender their Bils of Lading to the Underviguse 19940 for Consterwigustare, ca
No Fire Insurance will be effected.
BUTTERFIELD & SWIRE
Agent.
5th November, 1995.
5 +
SERVICES CONTRACTUELS DE!
MESSAGERIES MARITIMES.
CONSIGNEE NOTICE.
8.8. "CHENONCEAUX"
BRINGING CARGO From MARSEILLES, AC
YONSIGNEES are hereby informed that their go da with the exoption of Opin, Treasure and Valuables are being la ded & stored in to the godown of the Hong Kong Kowloon Wharf and Godown Lo., Ltd., Kowloon, whence may be obtained immediately delivery may be after landing
All Claims must be sent in to me on or before the 12th Nov,, 1936, or they will not be recognized.
Damaged Packages will be examined by the ompany's Surveyors, Me ara, Goddard & Douglas in the press.ce of the Consignees at 1:00 am. on 8th Nov, 1935,
Consignees must have a Revenus Officer in attendance when any dutiable goods are examined by the Company's Burveyors.
Stock & Div. Adams Express Amer. Can (4) Am. Cyanamid
(.25dr.)
9
Last Bale. Worl, 4 Nov. 6
94
Las Bale
Stock & Dly
Novl, 4 Nov. 6
Gold Dust (1,20). ...
167 17
Raubs. $8.
143
1431..
Goodyear
21
221
Hotels, $41.
I
"Int. Cement
338
341
Lards, $341.
281
102 313
61.
88 921
271
271
324* 327
Kennecott (151) Loew's (1)
483 483
261
26
Lorill (1.20)
921
932
18
191
BOT
60
Mort, Ward
334
341
Nat City Bk. (1)
314*
327
Canton Ices. $1.70.
1452
*** 1047
105).
Nat. Da P. (1.20)... 174
172
Cements, $67.
181
Nat. Distillers....... 334
333
Ropes. $3.50.
i
Nat. Pwr. Lt. (.80)... 10
10%
Dairy Farmis, $18.
A1
N.Y. Central
227
237
214
211
N. Amer. (50c. 4%)
241
254
Pat. Gas (1.50)...... 201
29
Pac. Ltng. (3)
53
544
482
68
187
Auburn
Automobile Baltimore & Ohio Bethlehem Steel
382
274
271
141
301 371
401
Boong Airplane
Pub. Ber N.J. (2.80)
441
444
13
13
Borden Co. (1-60), Borg. Watner idr. Case
Radio Corpn.
81
.84
Rey. Tob "B" (3)
561
563
1043 1037
Schenley
548 534
Lights. $11/114.
Canadian Paciác Caterpillar Tract.... Ch. Nat. Bk. (1.40)... C'Peake Corp. (350) C'Peake Corp. and.
Ohio (2.80)
Sears Roebuck
594 50
Electrics, $67/69
01
Boc.-Vac. (.60)
121
121
Cements, $7.
57
344
35 *
8mm, Cal. Ed. . (1.50)
254
251
Ropes, $3.40.
181
'45>>
46
Bouthern Pacific
Dairy Farms, $18.
1.5
161
Stan
Branda (1)
Sinceres, $1.10.
47
42
Stan.
Gas
45
491 401
Watsons, $4.60/4.70.
Chrysler (14)
Sta Ou NJ «(1)
852
67
664
Col Gas & Elec.
Ster Pro (2.80)
141
143
202
21
Comm. Solv. (.80)..
18
Studebaker Corpn
SINGAPORE RAW RUBBER
32
32
Comm Sthra.
Texas G. Sulp (3)
21
92 » 104
Comm. Sthen.
Transamerica (112))--
Latest Singapore Prices
Cens. Ou (.28)
Un.
Car, and Carb
68 6%+
cum. Pl. (8) Cons, Gas. N.Y (2)
(1.40)
311
311
T02
31
Un, Pac. Rlys. (6)... 98
712 96
Cont Oll (25)...... Corn Prod (3) Douglas Aircraft .... Du Pont (2.60%)
2++
251
Un. Aircraft Corp.... 198
IDE
65
Un. Air Line Trans...
91
192.
32
33
United Corpn.........
6.
61
1367
1411
Uni: Gas Impr. (1.20) ̈17}
17
Unly. Leaf Tob, (2) 841
641
Rubber:--
US. Indus. Alcohol... 46%
488
Spot
721
US. Rubber
151
115
December
Fox Film "A"
U.S. Steel
462
48
Jan./Mar.
Gen. Elec. (60)
36
36%
Vanddium
191
20
Apr./Jure
231 cts. up fet.
Gen Foods (1.80) Gen. Motors (14) Gen. Rly. Bigs (1)
33
331
Warner Bros. Picta.
81
81
Market. Steady.
540
West E. & M. (.45)... 881
901
357
Call Money 351
·1%
Spot
# E JOSEPH & CO
Bourse 6 months.
• Bid
⚫ ez. div.
1 possible rudilation
Eler. Bond & Share 16 Elec. Bond $5 Pt (5) Elec. Eond $8 PI (8) 711
སྒྱུཝ སྐྱཚཙྪཱཙྪཱཀྑཱ ཚི ཙཀྐཧྲྰིཀྐ་ཨཏྲིཾ, ཚཛྷ ུ་སྐུ་བྷཱས ཿཀྰཧྲྰི8དྲོའོ༽ཙ ཚིནྡསྒྲ
BENJAMIN ✯ POTT Mesare. Benjamin and Potta hav received the following Straits cur-,
from rency quotations - (buyers) Singapore Yesterday Lor Raw
224 cts. up i et. 221 cts. up i ct. 221 cts, up ct.
.."..
Messrs H, B. Joseph & Co. zu- ceived the following Straits Cur-
at £231 was £10 10s down on the day.
The summoning of next Tues- inittee is to meet in London next day's meeting was not the only tons of the Dutch carry-over will expected to arrive here in mid-rency Quotations from Singapore Tuesday to consider, it is believed, cause of the fall. The squeeze of ❘ be brought to this country this November.
for Raw Rubber --- further Increase in the quota. the last few days is over, and free week, plus a further 300 tons next The market is canvassing the The news had an immediately de- offering of forward metal was re-week should it be necessary. A possibility that the International pressing effect on tin prices. At ported by firms which have recent shipment of 116 tons is expected Committee may make a further one time cash tin fell further to ly been buying. In the next few in this country from New York retrospective increase in the quota £223 per tan, £20 a ton below week the U.K. stock position will this week, and a consignment of of 5 pc-the equivalent of 10 p.e. Tuesday's highest price. The close become much easier. About 200 over 1,000 tons from the East is for a quarter.
Spot
Jan//Mar. Apr./June July/Sept. Market-Firmi,
Bayers 221 up t (221 up t
231 up 24 up ↑
Selleru -221
231
242
No Fire Insurance will be effected by us in any case whatever.
B. OBL Agent. Hong Kong, 2nd November, 1985.
V
[3934
CANTON SILK MARKET
"HELOHERS & 00. Agrets: NORDDEVYNTHun Izorn. BrENTE, Bong Kong, 8th November, 1995.
8941
HAMBURG ALAERIKA LINIE.
NOTICE TO CONSIGNEES.
THE 8.8.
T
"NEUMARK": having arrived, from Hamborg and I orta of call, Consignees of Cargo are hereby notified that their Goole re eing landed and placed at their risk tato the Hong Kong Kowloon Wharf & Godown Company's godowne at Kowloca where delivery may be obtained as soon as the Goode are landed.
Optional Cargo will not be landed here, unless Notice has been given 48 hours prior to Vessel's arrival, but carried on from port to port to the final port of call to which the optica extends.
No Claims will be admitted after the Goods have left the Godowaw, and all Goods remaining undelivered after the 1th Nov. 1935, will be subject to Rent
All boken, chafed and damaged Goods are to be left in the Godowns, where they will be examined on 9th Nov, 1-26, at 10 am, by our burveyors, Mess. Goddard & Douglas,
To comply with the General Bonded Warehouse Hegulations consignees must bave a Revenue Officer in a tendance when dama, ed dutiable goods are sramined.
All Claims must resch as before the 3rd Dec. 1935, or they will not be recognized
No Insurance will be effected, Bills of Lading will be countersigned by
JEBSEN & CO.
Agents.
The Kangtung Ray Bilk Teat- Ing Bureau, Department of Recon- struction. Canton, China reports Bong Kong, 3rd Nov., 1935.
the followingki
Canton Quotations
November 5. Small Extra QS. 13/15 HK.
$530N. Crack N.B. 14/18 HK. $470N. Extra Extra 20/22 H.H. $440N. Waste NB. Open H.K. $921:
Tokobama Quotations
November 6.
New York Quotations
December March
Opening Yen 980 Yen 977
November 1
Bid
2.05
2,02
2.06. 2.02
May 2.02 / 202.
CLOSED-November 5-
New York Cuotations are ob falmed through Courtesy M Mesara, Swan. Culbertson & Fritz
|2930
DONT FORGET
THAT WHEN You are at Home can get the. you
HONG KONG DAILY PRESS SELFRIDGES.
2,1