LLOYD TRIESTINO
FLOTTE RIUNITE LLOYD TRIESTINO-MARITIMA ITALIANA SITHAQ
MONTHLY EXPRESS PASSENGER SERVICE
FAR EAST-INDIA-ITALY
Brindisi, Naples: 31 days.
"Venice, Trieste Genoa: 22 days. HONG KONGETO ITALY
M.&. "VICTORIA" 10th Jan, (s)
M.S. "VICTORIA" 18th May (a) B.S.VICTORIA * 30th JulyX(»)
8.SCONTE VERDE 23rd Feb. (b) S.S." CONTE VERDE” 18th Juno (b) M.S." VICTORIA" th March (a)
S.S. "CONTE VERDE” 25th Apr. (b).
(a) Manila' Singapore Colombo, Bombay, Port Baid, Naples & Genos. (b) Singapore, Colombo, Bombay Port Said, Brindisi, Venice &
Trieste.
LE
HONG KONG TO SHANGHAI"
M.S. "VICTORIA" 19th Jan. 8.8. "CONTE VERDE 13th Fob. M.S. VICTORIA" 20th March S.S. CONTE VERDE" 18th Apr.
11
MS. "VICTORIATM 21st MayT 8.3. "CONTE VERDE 20th June M.S." VICTORIA" 21st July
For full particulars apply tò:~~
LLOYD "TRIESTINO
Queen's Building, Ground Floor.
Tel. Addr. Lloydiano" Telephone 32982.
P.O.B. 143. Canton Agents-DODWELL & CO., LTD., Shameen.
S.S. "BENMACDHUI"
Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG, HULL and LEITH (direct) on or about the 9th February.
Cargo will also be accepted on through Bill
of Lading to the usual transhipment ports.
For Freight and Passage apply to:--
Tel. 22533
W. R. LOXLEY & CO., (CHINA) LTD.,
York Building. Agenie:
THE BEN LINE STEAMERS LTD.,
Homeward Service.
HONG KONG DAILY PRESS, FRIDAY, JANUARY 24, 1936.
SINGAPORE RAW RUBBER
Latest Singapore Prices
# B JOSEPH & CO.
Thursday, Jan. 23.
LONDON EXCHANGE RATES
(BRITION WIRELESS SERVICE)
N. D. L. ND
January 20
FAR EAST EXPRESS
#T+
EUROPE
SAILINGS TO F
8.8! STUTTGART...les, Barcelona, Southampton,
Rotterdam, Bremen & Hamburg.
January 18.
Faris
Geneva
74 61/64 15.19
75 1/64
15.20
Berlin
12.23)
12.29
Athens
Bilan
617
011
'Shanghai
Mesara H, B, Joseph & Co. ceived the
New York
4.95 9/16
(,961
Jah. 24
following quotations Straits Currency from Sings- pore for Raw Rubber
Amsterdam
7.271
1.28
Vienna Prague
88. NECKAR. To, Oran, Casablancs, R'dam, „
Hamburg & Bramen...................................
Feb. 7
119
Bpot
Buyert SellareTM
237 up i 341
587 8.
Bucharest Madrid
35 11/54
7/32
88. GNEISENAU. Miles Barcelona, Southampton,
Rotterdam, Bremen & Hamburg...... Feb. si
A
Feb./Mar.
24 up t 241
Apr./June
241 up i 241
Labo
July/Bept.
Hong Kong
1/33
29,31)
29.26
Brussels
Feb. 4 Feb 7-
BS, GNEISENAU M.S. TRAVE
Feb. 4 Feb. 7
Montevideo
4.951
4.961 1/2 1/32
98. FRIDERUN
251 Up 251.
Market.-Undertone optimistic.
34
CANTON SILK MARKET
The Kwangtung Raw Silk Text- ing Bureau, Department of Recan- struction, Canton, China the following:-:
reporti
Canton Quotationa
January 21, 1936. Extra OS. 13/15 HK. $640N. Small Extra 0.8. 13/15 H.K.
$530N.
Crack N.S. 14/18 HK, 1540N. Extra Extra 20/22 HK $490N. Waste NS. Open," HK. $140N.
Tokohama · Quotations
Belgrade
Montreal
Yokohama
Helsingfors
Rio
Buenos Aires
Silver (Spot ...
Bliver (forward)
War Loan
Closing Quotations
January 23, 1938.
גן
On LONDON: -
Telegraphic Transfer.. Bank Bills, on demand 1/3 Bank Bills, months'
sight
.....1/A Credits. four months'
sight.....
Telegraphie Trapsler...
ON NEW YORK:—
19 15/16
31% 106
Bank Bills, on demand 32 1/16 Credits, 60 days' sight. 331/18
ON BATAVIA
On demand
O PAR15 in
401
Bank Bills, on demand. 488
Credits, & month's sight 3074
པ་་་་་་
ARRIVALS FROM EUROPE/SAILINGS TO SHANGHAI
88 GNEISENAU MS. TRAVE
HONGKONGSOUTH SEA ISLANDS SERVICE.
Madang, Salamat, Rabaul, etc... Feb. 11 28. BREMERHAVEN...........Rabani, Tulagi, Kavieng, etc. ..........
P
Subject to Alaration without Notion
For Passage and Freight apply to t
Mar. 11
NORDDEUTSCHEE LLOYD BREMEN
Agente:
· MELCHERS & CO.
Queen's Building, Connaught. Rd.
Telephone 26376.
CANTON AGENTS: JEBSEN & CO., Shamson B.0.
CONSIGNEE NOTICES.
NOTICE TO CONSIÚNERS. |
AMERICAN & MANCHURIAN LINE.
FROM MONTREAL, NEW YORK AND NORFOLK VIA HANILA.
2/41
ON SHANGHAI:-
ON SAIGON !---
On Demand
100%
On demand
Spot
Bourse 6 months...
New York Quotations
January 21, 1938.
Bid
January 22, 1936... Opening Yen-817 Yen. 790
ON SINGAPORE S
ON MANILA-
On demand
25
On JAPAN:---T
"On demand ................................. ON BANGKOK:-
841
11
On demand
110
ON INDIA:-
Bank, on demand. }ég
On demand SOVELLIONS. Bank Buying
Babe
1434
174:
BAR BILVER, per el comics
19 16/10
Mar.
· 1.81
May
......
July
Ask 1.811 1.81 1.81 1.80 1.80
ob-
tained through Courtesy of Amer- Ican Oriental Finance Corporation
New York Quotations are
JAPANESE VIEW OF CURRENCY REFORM IN CHINA
Workable Aspects. Of Scheme Emphasized In Tokyo
Journal: Real Benefit To The Country
FAR-SIGHTED VIEW OF POSSIBILITIES
The "Oriental Economist" of Tokyo in its December issue has the following article on the new currency scheme in China. The article is published in full but such publication must not be taken to imply that the opinions so expressed carsy in all respects the endorsement of this journal
No
wander the
الله
coun- Nanking
Sir Frederick Leth Ross put in an RESULTS OF CHANGES
under instructions All the world knows the results. I appearance,
from his government, "A drown- A wide disparity has been created
value of ing man will catch at a straw. internal between the siver in China and that in world This particular straw happens to sentres, so that the white metal be mighty Britain, of
tries. has been flowing out of China in
government made up its mind to "a flood. The outflow continues as
make the best use of his counsel through *this moment, largely
and his infuence. "It was sheer smuggling. This is in substance the difficulty which China to-day force of circumstances. If Japan is facing and which has prompted its attempted currrency reform issue. Thus it will be seen that: while both the Nanking Govern- and Br Frederick Leith ment Ross
directly accountable; under everything lies the mistaken the giver policy adopted by
American American Goverment.
on, cool
are.
Government now looks
and unconcerned, at China's dif
to bear the most blame.
was really anxious to be consulted by Nanking, why is that Japan
send did not
Sir Frederic: over before England Leith Ross
statements did? A number of
1
by authorities. if judged at their
NEW YORK STOCK EXCHANGE
(rarough meuter's Agency)
Change
QUOTATIONS
New York: January 13,
be
Last Today' High Low Close Close 4.94% 4.94% 11.46 11.40 11.40 11.43 14.89 14.59 14.01 1465
1) up
.03 up
17 up
1007, BỞI 60% 60
-
100 100 59% 604 441
tically, currency stability can accomplished without the foreign credit backing of a single pound.
STABILIZATION POINT
A question of importance is whe- ther the currency stabilization point, fixed at 1s2d. by the Nanking government, is appro- priate for maintaining China's her international equilibrium "m payments. And even granted that t is, is there not danger of a fight of capital because of a general the fixed currency undermine
lack of confidence in the Nanking government, so as ultimately
cut
New York/London Cross-cato New York Cotton-Mar New York Rubber-Mar. Chicago Wheat -May. -May. Chicago Corn Silver-Oficial
PI.
קם !
up unchanged
High-1934/36 Low: Jan. 21. Jan. 22. Change
168.44
145.99 2.49 up 43.91.
43.07 1.19 up 30.94
be up .17 up
value in the foreign exchange Amer. Can (4)
Oyanamid "B" market? The
tech- question is
(25dr.) nical and as such, it is. 2d. is found inappropriate, 1te revision Am. For Fr can be effected at any time, with-Am For. Pwr. 17 1st
breaking any fundamental dimeidty in the currency plan. Am, Locomotive .....
Ami, Radiator Such things are liable in any country when a currency reform am. Smelting
Am. T. and T. (9)..... 158† is in progress. This is the reason
Am. Tob "B" (5) ... 101 why exchange stabilization funds
Business Done:-1,150000 shares.
YARGO ex, The 8.8.
CITY OF DUNKIRK"
Fi *, }i༞ ་་:
NOTICE TO CONSIGNEES.
PENINSULAR. "AND. ORIENTAL STEAM NAVIGATION Co.'s STEAMTEUATHAY."
AIRED HONG KONG ONS 2910 JANUARY, 1996.
FROM LONDON, GIBRALTAR, MARSEILLES, MACTA PORTSAID, ADEN, COLOMBO AND STRAITS.
(ONSIGNEES · of Cargobythe formed that their Goods are being maded and placed AT THxia is in the Hong Kong and Kowloon Wharf and Godowa Company's Godaway at Kowloon where will be sorted out Mark tra-each Consignment
by Markare lawded.
Wark and Delivery can be obtained
having arrived by the Steamship EXPRESS OF CANADA", Consignees of cargo by her are informed that all goods are being landed at their risks the basardous and/or extra- sardens gedowns of the Rongkong
into and Kowloon Wharf & Godown Co Ltd., whence delivery may be obtained.
No claims will be admitted after the goods have left the godowns, and all woods remaining undelivered after 29th Jas, 1938, will be rabject to rent.
All claime against the vessel must be presented to the undersigned on or
5th Feb. 1938, before will not be recognised
or they
All broke, chafed and damaged goods must be left in the godowns, where they will be examined by the steamer's surveyor on the 29th Jan, 1936, at 10 No Fire Insurance has been effected. Billa of Lading will be countersigned by THE BANK LINE(CHINA), LTD.
Agenta. Hong Kong, 22nd fabuary, 1998.
[his]
SAMBURO-AMERIKÁ LINÍE. NOTICE TO, CONSIGNEES.
THE M.S. TSE
LEVERKUSEN
Optional Goods will be landed here anlose Instructions have been given to the contrary Six Hours before arrival of the steamer.
Goods not cleared within 8 days in- cluding date of arrival will be subject to
No
Fire Insurance will be effected by
us in any case whatever.
Damaged Packages must be left in the Godowns for examination by the Consignees, and the Company's warrayors, Megers. GooDLED & DOUGLAS, at 10 am. on Mondays and Thursdays, within the Free Storage period...
Consignees are specially notified that it is necessary for Revenue Officer to be present at the examination of damaged dutiable carg
be
All Claims again: the Stemmer must presented to the Undersigned on or before Feb. 1936, or they will not be recognized.
No One will be admitted after the Goods have left, the Godowa, MACKINNON, MACKENZIE & Co.,
Agents, Hong Kong, 23rd January, 1936-
NORDDEUTSCHER LLOYD, BREMEN.
THE Steamer
"UDER"
having arrived, from Hamburg and Ports of call, Coongues of Cargo are bereby notified that their Goods are being landed and placed at their rish into the Hong Kong and Kowloon Wharf and Godown
gocławia si Company's Kowloon, where delivery may be having arrived from BREMEN, HAM- BURG and Porta, Consignees of cargo obtained so soon sa the Goods are landed
will not be landed are hereby notified that their cargo is Optional Cargo
48 being landed at their risk into the Go- been given bere, unless Notice has
arrival, bat carried down of the Hong Kong sed Kowloon houza prior to vessel's
Kowloon from part to port to the final port of Wharf and Godown Co.,
whers
Le which the option extends.
Delivery can
are further
الله
Dow Jones. Averages
30 Industrimis
20 Bat
98.71 143.50 97.31 42.45.
90 Utilities
3163
14.48 30.38
40 Bonds
100.90
93.43 100.79
10L00
11 Commodity ludox
62.10
5246 86.79
07.01
,34 up
Stock & DIY.
就
Adams Express
Last Sale- Jan. 21 Jan. 22 114 117 129 1291
Last Sale
Block & Di,
Gold Dust (120)
Jan. 21 Jan. 22 191. 201
Goodyear
.....214 23
Am
Int. Cement
#
34+
34+
Int. Nick (80)
181
48
'81
Int. Tel
Tel
151
181
Johns Many le
Kennecott (15)) ....
291
301
201
27
Loew's (1)
514
521
25
26
Lorill (1.20)
.......... 25+
28
591
601
Mont, Ward
351
371
1591
Nat City Bk, (1)
**
362"
39 *
1001
Nat. Da P. `(1.20)... 21†
221
lace value. are far from convin- cing.
are often needed in spite of the Am. Waterworks (1) 21j
Waterworks $8 fact that on theoretical grounds Am
are superfluous. they
However, pret (6) *****
22
Nat Distillers....
281
28⭑
Nat. Pwr. Lt. (.80)...
on
NY. Central
281
301
201
N. Amer. (50c. 4%) 27
277
33
Pac. Ling (3)
Packard Motor .......
422
***
23 231
Penn. Rly. (1)
.71 7# 33+
34
434
45+
Phil. Petro (1)
987*881
Pub. Ber NJ, (2.80) Radio Corpn.
398. 467" 131
483
147
Roy. Tab "B" (3) ...
971 11
100
Schenley
Sears Roebuck
58
577
80c--Fac. (BQ)
60
614
"LET HYEGONES HE
· BYEGONES”
Buch circumstances, although i
Ch. Nat. BE (1/40)... 401* CPeake Corp, (2.50) 64
and C'Peake Corp.
42 *
8m, Cal. Ed. (1.50)
15
161
65
Southern Pacific
271
201
Stan Brands (1)
251
211
Ohio 12-80) 53
Stan. Gas 541
15
164
No Invaranin ded
36)
Bta O NJ (1)
74
.71
JEBS IN
144
65
653
Ayente Becg Kong, 19th Jan, 1936.
31
344.
35+
12+
321
35+
UJD. Car, and Carb
(1.40)
73 734 Un.. Pac., Riya (6) ..... 119 Un. Aircraft Corp. 261271
1184
MERITS OF NANKING PLAN
as this is essentially a device for Anadonda Copper. 281 halding credit intact over a cer- Atch: T. and B. F.
(2sd.) tain transitionary period, i ade
through
the
Automobile 404 As has been remarked the cur-quate measures are taken, there Aubur ficulties, for which it really ought ency reform plan as announced should be no occasiont for much Baltimore & Oble
by the Nanking government cer- concern. In the case of the Nan- Bethlehem Steel .....
king government to-day, its ability Boeing Airplane tainly has many weak spots, but
and resources may prove trade- Borden Co. (1.40) that does not mean that it is a While this is true, if one stops
quate to win and maintain cen- Borg. Warner (lr)
This probably, was why | Casa fidence. to ask what made the American worthless plece of legislation, im- government adopt its al-conceived possible of realization. The scheme
be enforced throughout the Nanking government sought Canadian Pacific that cannot Ands sliver measure one
the assistance of Britain.
Caterpillar Tract America is not the only guilty all, China of course, but within country. The trouble dates as far the limited sphere of influence, of the Nanking government it can back as the World War, or more
causes be made to work, at least measur probably arose from the
Ever since. ably. The scheme as it is, de- that led to that war. the political and economic mea- ficient, but some degree of revision may have been entirely unavo'd-Chrysler (1d)....
sheer force COL Gas & Elec. sures of the powers have been "an may put it on a practical basis, able
to of blunders. at least for concentrating silver of the situation. It seems regret- Comm. Salv. (60).. unending series which America's silver measure stock in Nanking. unifying the table that Japan has felt com- Comm. 8thrn.
Sthru. has been Just another addition.note lasue privilege, and insuring pelled to take an attitude inimical Comm
into the Nanking government's credit cens: 0 (28) In this respect, none of the world stability.to.Chinese currency
standing," which needed bolstering
cum. Pl. (8) the foreign exchange market. powers can throw stones
badly.
Cons, Gas, NY (2) other.
There is the argument that the
However, et bygones be, by cont On (25) 35 rumoured Britiah, oan of some
As we have seen the 'Carn Prod (3).........NDELA gones." £10,000,000 will be too meagre a
government Britain, Douglas Airersikast 581 Can Japan plead not guilty? support for the scheme, which Nankang
of scanty America, Japan and most other Du Pont (2.60) 142 Far from 12. Japan can hardly ray collapse because
Flec. Bond & Share 16 evade her own share o respon-backing. Such a comment reveals powers are jointly responsible for sibility. Some of the Japanese a lack of knowledge of currency certain elements surrounding the lec. Bond, $5 Pf. (5). critics accuse the Nanking govern- problems on the part of its author currency reform difficulty. Ch'an's
Fox Film "A" to of failure ment
take Whether or not stablty can be currency stabilization is the most Elec. Bond $8 P! (6) 773
Gen. Elec. (80) maintained for the external value urgent of all issues demanding Japan into counsel when, a cur-
impediate attention. All tho rency reform was contemplated. of a country's currency h'nges upon However, an examination of the its position in international pay-powers, including Japan, should Gen. Foods (1.80)... 35
therefore co-operate in the soln-Gen Motor (16). ...
Ger Rly, alps (1). 44 circumstances which led to the ments happens to be in such an un- present trouble discloses the tact favourable position that the Fore'gntion this problem. that the
Nanking government value of its currency cannot be cannot be wholly blamed for ignor- maintained at a
at
an-
JAPAN'S RESPONSIBILITI
In order to make Japanese co certain level, operation feasible, wie degree of
321
སྶུཊྚེཡྻུརྞྞ1igཀྐོ ༄ ཡྻཙྪ1 ཟློ ནྟིiཚོནྡྲ「1བྱཾ །ཊྛནྣ❁ཙྩ
Pac. Gas (L-50)...... 334 ·
Ster. Pro. (2.80)
Studebaker Carpn Texas G, Salp ( Transamerica (1124) 11
401
Un. Air Line Trans. 144 151
No Claim will be admitted after the Goods have left the Godowns, and all donde remaining undelivered after the 96th Jan., 1936, will be abject to
Rent.
notified that the Steamer "ODER". has taken at HAMBURG & BREMEN through
and 8.8.
for HONG KONG 8.8.
"LAHNICK
"frous
broken, chafed, and damaged FARO and COPEN ZU
Goods are to be left in the Godowns,
All Goods remaining undelivered after be subject where the will be examined on 25th the 29th January, 1986, will Jan., 1936, at 10 am by our to Bent. Ja, fears. Goddard & Druglas No Fire Insurance will be effected by
Surveyor,
comply with the General Bonded any case whatever, Warehouse Regulations, consignees must
Damaged Packagis 13 M
must be left in the
have a Revenue Officer in attendance Godown for examination by the Cons rhea, damseed deliable goods are dees and the Company Surveyors,
Mearys, Anderson & Arbe,
amined,
All claims must reach pe before on the 38th January, 1996, the 19th Feb., 1988, or they will not be
"must have a Revenue
In attendance when damageð
will be effected.. Bill of Lading will be countersigned by Company's aurora
datiable goods are examined by the
Gooda
"Qlaira will be admitted siber and have left the Godown
{4141 claim must be brodered Within?
Weeks of the Bli Akritai Bird, after
I not be recognised. Consignees, are requeried to surrende their Bills of Läding to the Undersigned for Countersignaturi.
LIN SHA BERLIN SHARE MARKET
ide
Special to the "Hong Kong. Dally Fress" (Copyright).]
United Corp. Take
ช
71.
143
Univ. Leaf Tob (3),
441
45
174 Unt. Gas Impr, (1.20)
181
184
U.B. Rubber
17:
171
US, 'Steel,
- 484
481
Vanddium
Cabutedmemorat
221
234
301 371
Warner Bros. Picta. 101 West E. & M. (55)... 101
12
11
1061
Call Money"
1%
452
↑ possible mutilatieg ....
PIEL.
Berlin, Jan. 22. The quietness of the share- market of the last few days con- nued on Wednesday no pro nounced tendency becoming evi dent. Operators took profis caus- ing many prices to decline some what. Fixed Interest, securities
ing Japan. Talk of a currency thin no amount o foreign loans, modification will be necessary in stabilization loan for China was even billions of pounds, will sures the reform scheme as announced to Nanking from North China and ment would be willing to make, it were also dull, turn-over of anan But early in November. For instance and other districts for the time convinced that it would be truly prices being little changed Call
currency Money was at 24- bruited for some time, but Japan, to maintain that stability.
Transocean. Kuo Min. never made eny favourable re- on the other hand, if the pay it would spm advisable to res being, Buch a modification, we beneficial to China's sponses to such overtures, Theriments are balanced, even theore cind the order 2 send suver to are conndent the Nanking govern stabdikation.
„NoLED Bursonen Liors, BrumEN, Hong Kong, 22nd January, 1996,
[4149
REICHSMARK QUOTA. TIONS
Berlin, Jan 22. Reichsmarks quotations (without guarantee):
New York
4020
..609 59.285
12.29.
1.75.08: 3.1678
Dollar (high) 'whin Transocean Buo
Amsterdam Loridon Paris Etering (low) Paris Thested, chips) Dollar (low)
21