NEW YEAR IN SINGAPORE
£15.0.0 RETUÁN TOURIST CLASS £20.0.0 RETURN FIRST
*
CLASS
HONG KONG DAILY PRESS. WEDNESDAY, DECEMBER 23, 1936.
THE EXCHANGE
MARKET
MESSRS. RÓZA BROS.
Sve prices 1/18. yesterday for
• both deliveries, the quotations be ing 21 5/18 for Ready and 21 1/4) for Forward. Silver 'advices re- ported China as having sold and India bought. A arnall business was done. The market was steady but quiet. American Silver was quoted at 45 1/4 for Spot.
S.S. "SCHARNHORST*
LEAVING HONG KONG
DUE MANILA
DUE SINGAPORE
DECEMBER ** DECEMBER 27 DECEMBER 31
5.3. "POTSDAM”
LEAVING SINGAPORE
DUE MANILA
DUE HONG KONG
JANUARY JANUARY 10 JANUARY, 12
Telephone 27772.
Queen's Bldg.
MELCHERS & CO., Agents.
NORDDEUTSCHER LLOYD BREMEN
Canton Agents: Jebsen & Co., Shameen, B.0.
S.S.
"BENLEDI"
ROTTERDAM,
Sailing for LONDON, ANTWERP, HAMBURG and LEITH on or about the 9th January.
Cargo will also be accepted on through Bill.
of Lading to the usual transhipment ports.
Next Sailing for SHANGHAI & JAPAN S.S."BENLAWERS”
For Freight and Passage apply to :-
Tel. 22533
26th Dec.
W. R. LOXLEY & CO., (CHINA) LTD.,
York Building. Agenta:
THE BEN LINE STEAMERS, LTD.
USE OUR SPECIAL
AEROMAIL.
LETTER PAPER & ENVELOPE
AND
PAY LESS ON POSTAGE
Letter Paper Envelopes
$1.50 per 100 Sheets $1.75 per 100
ON SALE, AT
HONGKONG
DAILY
18-19, Qüsen's Road, Central. **
PRESS
Telephone 30251.
U.S. BIG BUSINESS REICHSMARK RATES
TOES THE LINE
The "Collectivist
State" Prophesied
New York Bowing to the New Deal ma date with sa nìuch grace a3 pop- sible business is doing its utmost to erase the scars of the campaign. There has been an epidemic of wage increases in line with the New Deal philosophy of a more abundant fe for American wor- kers.
Business leaders have been ex- pressing their compete readiness to co-operate with New Deal pro- grammes for social security and spreading employment.
Berlin, Dec. 21. Reichsmark quotations without guarantee:
New York Peris
40.25
****... 863.- Amsterdam 73.45 to 73.50 London... 12,20.4 to 12.21 Paris Sterling 105.13 to 105.18 U.9.A. Dollar 21.41 to 31.42) Transocean News, Service.
to achieve their objectives."
The London-New York cross- rate was quoted at 4.80 7/8. New York-London was higher at 491 3.33.
MARKET
Steady but very dull.
STERLING
No business was reported. There were sellers at 1/2 15/16 Decem- ber-April. buyers at 1/2 31/32 for any delivery,
U.S. DOLLARS
A small business was done at sy 9/16 for March delivery. The market closed. at 1 pm with'sel- lers at 30 9/18 December-March,
SHANGHAI MARKET There were setiers of Sterling at 1/2 7/16, buyers at 1/2 15/32 for cash. US Dollars, sellers at 29 1/2, buyers at 29 9/16 for cam,
IN THE AFTERNOON The market was dull afternoon.
IN STERLING
No business was reported, Anish- Ing with sellers at 1/2 15/10 De cember-April, buyers at 1/2 31/32 for any delivery.
U.S. DOLLARS The market closed with sellers at 30 9/18 December-March. buyers at 30 5/8 for any delivery.
HONG KONG
SHAREBROKERS'
NEW
YORK STOCK EXCHANGE
(Through Reuter's Servion!
Now York; Decemb⋅ x 22.
QUOTATIONS
New York/London Cross-rate New York Cotton-Mar. New York Bubber-Mar. Chicago Wheat Chicago Corn Silver Official
-May -May
Dow Jones Averages
40 Bonds
Stocks Adams Express
"Boeing Airplane
Borden Co.
Briggs Mfacturing. Brooklyn-Manhattan
Trans
Brooklyn-Manhattan
$6 cam, pl.
Last Today's High Low Close Close Change
4.91-3/87TM 4,91-1/35 unchanged 1294 12.17 32.91 118.03 off 90.48 - 20.33 -90.41.20,33 : .06 aff.
153 131
1391 : 108.104)
104 108 45
Dec. 81.
op
Bigh Low Close Change" 378.38-170,31 175.45 1.78 off 59.90 $1.83 61.0874 off 34.66 · 33.80" $3.83 ,81 ou
105.15
30 off 78.10 29 of
Business Dono:-1,780,000 shares.
480
401
1936
High
50 Industrial
#
20 Bals
10 Utilities
11 Commodity Index 77,95
Low Dec, 1 188.39 - 145.11. 177.01 80.48 40.88 52.70 36.16 - 28.23 134.44 106 01 88.92 105.36. 68.58. 78.39
Last Sele
Lost Sple
Dec. 19 21
Stocks
Dec. 19. 21
Alls Chalmers...... Amer, Can ....... Am. Car & Foundry Amer. Cyanamid 'Amer,' & 'For. Power Amer. & For. "$7 pf. 444
144 141 71 111
83
Great Northern Fly. 39
384
711
Great Western Sugar 394
381
1121
· Holly` Sugar Corpn.
Humble On
74}
331
Int. Nickel
73 631 621
72
1
Int. Tel. & Tel.
131
12
57
541
Int. Dept Stores
323*
33
43
buyers at 30 5/8 for any delivery.
SHANGHAI DOLLARS
Amer. Locomotive Amer. Metals ........ Amer. Radiator ....... Amer, Rolling Mill... Amer. Smelting.....
Kennecott Copper
591
401
191
Lambert Corpn. ......
181
187
241
24
4
..
331
331
Loew's Inc..................... Lorillard
63
62
-221 221
201
911
McIntyre Porcupine
Bellers at 103 3/8, buyers at 103 Amer. Steel Fdries... 1/2 for cash.
Amer. Sugar *********** 184 Amer. Tel. & Tel...
96 Amer, Tobacco · "3" Amer, Waterworks ... Anaconda Capper ... Atchison, T. & 8. Fe. Atlantic Refining
561
541
·45°
45
McKesson & Robbins
53
531
08+
Monsanto Chemical
98)
180
Montgomery Ward
57131
901
251
241
Murray Corpn.........
161
163
24
Nat Cash Registor
H
517
51
Nat Dairy Products
23+
231
69
67+
Nat Distillers
281
231
201
391
11#
Nat Fower Light
Atlas Corp., esejsarmı the | Auburn Motors..... Baldwin Locomotive
183
16
30
301
913
85
cum. pf... 21 Baltimore & Ohio... Barnsdall 01
211
218
New York Central... 41 Niagara. Hudson ``P.
Copa...UMTSÄK North American 201
Northern Pacific ..... Pacific Gas & Elec.
164.. 161 34 291 23# 253
37
36
Bendix Aviation... .............
Bethlehem Steel
731
72
Picide Lighting
401
493
324
Packard Motors ......
101
101
312
Paramount
201
201
201
26
Pennsylvania R.R.-
393
381
541 521
Phelps Dodge .......
47*
402
・53・
Case, J.I.
131
324
1011 1011 145 1434
13
Phillips Petroleum
ALL
Public Service of NJ. Pullman Inc.
47+
47
$21
619
181
177
Canadian Pacific
Celanese Corpn. of
27
261
America
ASSOCIATION
Cerro de Pasco
70
70
Pure Oll.............................. Radio Corps of Am. Republic Steel.......... Reynalds Tobac. "B" St Joseph Lead Có. Schenley
111 -102
23 261
581
501
415
CertainTeed P'ducts
134
131
83
83
Schenley 51% pf.
44 957 951
Chesapeake Corpn.
Bears Roebuck .......
951921
Chesapeake & Ohio
-118 Chrysler Corpa. **** Columbia Gas & El. 171 Columbla 8% "A" p. 107 Commercial Credit 651 Commercial Solvents 18 Commonwealth & 8. Commonwealth
62
617
Shell Unton Oll
269
261
1154
Socony-Vacuum *:
154,
151
161
Southern Cal Edison
281
291
106 *
221
Southern Pacine
224
851
Southern Rly 5% pf.
497
471
177
Stand Brands
15+
151
32
31
Stand Gas & Elec. G
81
$8 877
684
Stand Gas & Elec.
.57
cum. p.
431
421
$ pr...............
-681
Consolidated Edison 141 144
F
Standard Oll of N.J.
70
561 651 TOI
Consolidated O
422
41
Sterling Products
32
311
Continental Oil
681
671
Swift, Internationa!
201
201
Corn. Products.......
61
Technicolor .......
Curtiss Wright (C)
191
19
Texas Gulf Sulphur. · 19
381
381
191
Curtiss Wright "A"
431
431'
Tidewater' Assoc. Oli
23
23
Delaware & Hudson Del Lackawanna &
Western
Timken-Detroit Axle
17
16
101
101
Transamerica
35
: 341
20th Cent. For Filmna
Distillers Corpn Sea. "grams
284
267
20th Cent. Fox Filma
70
691
pf.
43 ?
Douglas Aircraft ......... Du Pont
175+
1727
Uh, Carbide & Car-
Electric Boat ******** Elec. Bond & Share Elec. Bond & Share 70
$5 pr......
12
22
113
bon
1014
100
214
Un. Pacific
128
1231
United Aircraft
28
271
701
Un. Airline Trans-
.port
187
16
Elec. Bond & Share
80
70
United Corpn......
61
$8 p.
24
231
United Corum
Elec Power & Light Elec Power & Light
cum pt.
441
44
331
321
Un Gas Pprovem ́t. 14)
141
$7 pl.......
39
Firestone Tire & R
381
Un. Light & power-
71
Rintrote
341
341
US. Industrial Alco-
50*
401
514
51
bol
374
US. Rubber
46.
372 431
391 40
661
Gen. Foods
641
PS. Robber #8 pt: 951
95
US. Steel
764
75+
Gen. Motors
501
501
Vanadium
271
27
Gen. Railway Signal 151
151
Gillette Safety Rarur 221 221 Glidden
Warner Bros Pict
182
Westinghouse Mec. 144
1424
Youngstown" - "Sheet
Gold Dust ... 131 Goodrich (BF.) ... 314 Goodrich $3 pî. ........... 811
131
& Tube
781
77
211 81.
1 ex. div.
281
* Bid
27.
Chase National. B 447 National City Bank 38. * Call Money ne
448** *370*
1%
BUYERS
Wharves, $104 Providents. (Old), $1.40 Lands, $33
Trams, $12.30 Lights (Old) XD, $1270 Lights (New), $10. Electrics, 3541.
Cements, $10.40.
Dairy Farms, „$207 · Atoks, 70 eta
Benz. Expl. XD, 23 cts, Blx Wedge, 32 cta.. Demonstrations XD, $1.16.
SELLERS
Wharves $106.
SINGAPORE RAW: RUBBER
Latest Singapore Prices
Hong Kong Dec. 22. Messrs. H. B. Joseph & Co., re- ceived the following quotations from Singapore in Straits Cur- rency för Raw Rubber:
Spot Jan.-Mar
April-June
July-Sept. Market:-Dul
34) Down i 344 Down i 34 Down i 941 Down
HALF MILLION DOLLARS
For Suiyuan Defense
rien, Asphalt Gen. Cigar Gen. Electric
Goodyear
139
THE TAIKOO DOCKYARD & ENGINEERING COMPANY OF HONGKONG, LIMITED.
BUILDERS OF ALL CLASSES OF SHIPS. BUILDERS OF RECIPROCATING STEAM ENGINES. BUILDERS OF MARINE AND LAND BOILERS, BUILDERS OF TURBINE MACHINERY
Under License From. Messrs. Parsons." BUILDERS OF DIESEL ENGINES.
Under Special License y
From Messrs. Sulzer Bros., Winterthur. Licensed To Manufacture Lanz Perlit Iron, Specially Suitable For Internal Combustion Engine Working Parts.
DOCK & SLIPWAYS.
FOR DOCKING VERY LARGE, AS WELL AS SMALLER VESSELS,
ON ANY TIDE AANG M
ALL CLASSES OF SHIP, ENGINE "AND BOLLER"
REPAIRS AND EXTENSIVE
WELDING, BOTH ELECTRICAL AND OXY- ACETYLENE SKILFULLY AND PROMPTLY
CARRIED OUT!/
BUTTERFIELD & SWIRE, Agents,
HONG KONG, CHINA ♣ JAPAN,
TEL. ADDRESS: TAIKOONOCE," HONG KONG. Telephone: 80211
"CALL FLAG: “ ŠUNSEAL ONE "OVÈS * PENNANT ÅNG."
£30,000,000 A YEAR CONSIGNEE NOTICES.
FOR ACCIDENTS
NOTICE TO CONSIGNEES
What Industry Pays OCEAN STEAM SHIP CO,
In Great Britain
Accidents cost British Industry
LTD.
CHINA MUTUAL STRAM NAVIGATION CO., LTD.
YONG
about £30.000.000 yearly, according CONSIONES per Colt Vowel
J
*MENESTHEUS”
From UNITED KINGDOM VLA SINGAPORE,
to Dr. H. M. Vernon, torinèrty in- vestigator to the Industrial Healto Research Board. He gives his e- |timate în “Accidents and. Their are hereby notified that their CargoTM
will be discharged into Holte Prevention:"
"When over 200,000 persons are Wharf, Kowloon, where it will lie at Consignees" risk and subject to Terms killed or injured every year on the and Conditions of Storage at Hoit's road," Dr. Vernon comments, "the Wharf. The Cargo will be ready for pedestrian cannot but realise that | Delivery from Godown" on and after he runs a by no means negligible | Slot Doc.
les Notice has been given prior to
Stemmer's arrival, but carried on from
risk of being one of the victims-Optional Cargo will not be landed here whenever he takes a walk; but Dr. Vernon points out. that huge as is this tale of road accidents, It is surpassed by the "accidents oc- carring in homes, factories, and coal mines."
Figures which he has collected show that there are some 17,000 fatal accidents in Great Britain a year, while the total of non-fatal accidents in the last year quoted to 377,376 for Great
mounted
aro to
port to port to the final port of call to which the option extends.
All broken, tagfed and damaged Goods be left the Godowns, where will be atamixed on my Tuesdays and Fridays between the hours i 10:18 am and Foow within the Fros Storage: period. Letos
Will Me Claim
ed after the be admitted Goods have left the Steamer's Godawn, sed "BB. Goode remaining undelivered after the 28th Dec., will be subject to Rent
4
All Claims against the Steamer mast be presented to the Underrigned on or they will before the 11th Jan, not be recognised
Britain and Northern Ireland. Dr. Vernon concludes that there are forty times as many accidents for which no compensation is paid, Including the home, he puts the total number of accidents which' take place every year at morest Dec, 1998. than 50,000,000.
"
"In a few tinited directions," Dr. Vernon states, "we have cer- tainly made so much progress that further efforts are not likely to achieve great advances, but in most directions there is a possibl lity of reducing the toll of sen dents by 50 per cent, or more. 11 is usually possible to distinguish between legitimate risks and those (7), which are mere foolhardiness, and
No Fire Insurance will 'a offerted BUTTERFIELD & SWIRE
Agenta.
PASSENGERS
Arrivals
[4807
R.M.S. "EMPRESS OF ABÍA” The following passenger ar-
ke
we ought to be capable of instruct-rived on the RMS. Empress of
Asia from Mantan ing young people In such a way that they are able" to decide for themselves in which class a given accident risk belongs."
Dr. V. N. Alenza, Mr. A. Beren- guler, Mr. and Min. C. F. Brad- ford, Mr. A. J. Campbell, Mr. P. da Buva, Mr. P. Elizaga, Mr. A. Favis, Mrs. R. G. Favis, Misses
164 BATAVIA-MANILA B and T Favis, Miss C. Favis,
£426,000,000 FOR SOCIAL SERVICES
AIR LINE SEEN
Regular Line Expected
From Washington comes the news that the flight of H. R. "Bud dy" Ekins from Batavia to Mantle
Mrs. E Gritts, Mr. and Mrs. C. Gelano, Mr. and Mrs. F., ̈· H. · Johnston, Mr. and Mrs. F. La 0. Mr. and Mrs. J. Lopez Vito, Mr. J. G. E. Lander, Mr. C. Y. Loh, Dr. H. Ongslaco, Mt. H Odell, Mr. and Mrs. HL Scrtmin, Mr. & D. Cubertson, Mr. V. G. Alberto, Mr. A. Alberto, Mr. N. Alegre, Mr. E. w. Benson, Miss E. A Britto, Mr. M. Couto, Mr. Chiang Eng Khay, Mr. Cham Kim Beng, Mr. P.. C.
Up £395,000,000 Since more. The estimated expenditure on his record amusins Journey Cation. Miss C. Chaves, Bister M.
1900
The Ministry of Finance remit- should expect further business re-ted another $500,000 to Gen. Yen gulation on behalf of social better-Hal-shan Pacifcation. Commis- ment, but should not be alarmed sloner for Shanst and Butyuan, as at the prospect.
emergency expenses. for the large-
for 1935 for England and Wales, on the contrary scale anti-bandit operations in "We should
for 8 classifications of social ser stand ready to
vices, shows an increase of £8,- Bulyuan. do everything in our power to further those mes- The remittance made to-day Public social services cost Eng-357,000 compared with the expendi sures, which are wisely calculated upon instructions of the Executive land and Wales £420,849,000 in ture for the same classifications In
Yuan, brings the total of such 1934. In 1900 the total was £31,- 1834. At the same meeting President emergency military expenditures 107,000, 2, ChapAN MANHA So whole-hearted appears the James R. Angell. of Yale Univer from the national treasury, to The comparison la given in a sity, told business leaders, We $1.000.000 including $500.000 sent to statement by the Financial Serre- must resign ourselves to a far den. Yen earlier in the Butyunn tary of the Treasury, which shows more complete socialisation of our crisis last month Beginning from the large, sume spent in 1934 on resources and methods than here- November, the National Govern- unemployment Insurance, national tofore, and a larger surrender of ment increased its monthly sub health insurance and widows and that individual privilege which we stay to Shanst, and Salyuan by orphans and old age, contributory have been accustomed to regard es | $190,000,
pensions pubite benefits which did not exist in 1900.-
co-operation that it is, hardly kind to refer to it as acceptance of the inevitable and to point out that In a number of instances wage la- creases were obviously designed to hamper militant unionism much as to spread 'more of the fruits of Industry among the wor- kera,
KOA EKO
The principal items of, estimated
around the world by commercial Dolores, Mr. D. Chanonamda, airlines may be the lozermies of Rev J. Henaghan, Mr. F. H regular service connecting the Jewell, Mr. Ku Yin Chang, Miss Philippines with the Netherlands P. Lagod, Mre, Lagod Aty P. E Indles, according to a report from Laguio, Mrs, 1. Mariano, Mrs. B Batavia made public recently by Madsen, Miss E, Madsen. Misses the department of commerce, N. Nacu (two), Mr P 8 NRCU, proposed regular Batavia-Mania R. F. Roces, Dr. C. Rivera: Mr. P. It is predicted locally that the Mr and Mrs G. O. Parsons, Mr. service will be scheduled for 36 Revila, Atty. H P. Tagle, Atty. P hours, with one overnight halt. Yap. Mr. T. P. Yu the report stated.
expenditure for 1935 are: ne ployment benent 245,705,000 for England and Wales, £6,409,00 for Scotland; widows, orphans and cid age contributory pensions It was pointed out Ekins was 239,806,000 for England and Wales using a plane chartered from the 24,821,000 for Scotland, old pro Netherlands Indies Airways over 29 hours, including a 14-hour pensions 30,078,000 for England (KNILM) and followed the regular overnight halt at Balikpapan, and Wales, £4,891,000 for Scol Dutch route to the Fw: East from
murope to the Douglas transport plane The case and speed of the trip in lower than the bid age peristons The 680 miles from Balikpapan, chartered by the former, mazinger The highest payments under one Borneo, to Zamboanga took thres of the Manila Bureau of the United head are for education, totalling hours and 25 minutes, the report Frese surprised airways; authorit 297,375,000 for England and Wales stated, and the total time bergen les, was posted the night to fake €14,519,000 for Scotland.
Batavia and Manila was alighty 50,hours, the report said.
the intrinsic right of our citizens." Furthermore, petition from
He feels that the movement to the Shanisi provincial government The expenditure on social serland War pensions are slightly ward socialisation should spread for the authorization to issue a antll in effect, whatever the name $10,000,000 provincial loan is being we shall have something denzitely considered by the inance commit beginning to resemble the collectee of the Legislativy Yuan and its early approval le considered likely.
Mr. Winthrop Aldrich, Chairman of the Board of the Chase Nation al Bank and Fresident of the New York State Chamber of Commerce, told that body_recently that it | tivist State.""
vices for Scotland in 1934, at 281, 190,000, was less than a sixth of that for England and Wales, and the estimated expenditure for Scotland for 1935 18 only £821,000