THE HONGKONG BENEVOLENT SOCIETY
WISHES TO THANK
ALL WHO GAVE SO GENEROUSLY
IN ANSWER TO
OUR CHRISTMAS APPEAL.
BOYS' WINTER CLOTHES URGENTLY NEEDED.
HONGKONG BENEVOLENT SOCIETY
Mondays & Thursdays, 10-12,
HONG KONG DAILY PRESS FRIDAY, JANUARY 9 1937
THE EXCHANGE
MARKET
MESSRS. ROZA BROS.
NEW YORK STOCK EXCHANGE
(Through Beuter's Service!
New York: January 7,
QUOTATIONS
Hong Kons. Jan Silver prices were lower yester- day to the extent of 1/8 for Ready and 3/16 for Forward, the quota- tions being 21.3/16 and 21 respec- tively. Silver advices reported In-Silver Ocial dia as having operated both ways for forward delivery, Speculators and the Continent sold. A mo- derate business was done. After the official fixing the market was more inclined to sell than to buy. American Silver was unchanged, at 45. for Spot,
New York/London Gross-rate New York Cotton-Mar. New York Rubber Mar. Chicago Wheat May
--MAT Chicago Corn
Dow Jones Averages,
so Industrials
90 Baila
90 Utili
40 Bonds
ال
Last Today's High Low Close Close Changa
491-13/33 4.91-7/81 3/16 of "1337 (1337 12.31 12.30 1-708, up
$1.80 1.10 10.8731.87 .08.
Business Dons:-1,950,000 shares.
Last Bale
Stockt
Jan. 5
Great Northern Rly. 413 42 Great Western Sugat 42 42 Holly Bugse Corpn. Humble Oil
79
621 624 131 121 321 344 B1 .81i 194
86 651
221 23
Nat Distillers. 231 73+
40
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 ATI
HONGKONG DAILY PRESS
18-19, Queen's Road, Central.
Telephone 30251.
NAVIES OF THE WORLD
POWERS TO-DAY
Race In Rearmament
Going Apace
U.S. DOLLARS Nothing doing. There were sel- lera at 30 5/8 January-February and 30 9/16 March-May, buyers at 30 11/16 for any delivery.
SHANGHAI DOLLARS
A small business was done at 102 13/16 for cash. There were sellers at 102 3/4, buyers at 102 15/16 for cash.
SHANGHAI MARKET Quiet. There were
sellers of Sterling at 1/2 17/92 first half January, buyers at 1/2 9/18 for cash V.B. Dollars, sellers at 29 3/4 frat half January, buyers at 2013/16 for cash !..
IN THE AFTERNOON
The market was dull in the Briggs Mfacturing 54
afternoon.
IN STERLING
No business was reported, finish. ing with sellers ct 1/2 31/33 Janu- ary-June, buyers at 1/9 for any delivery.
D.S. DOLLARS Sellers at 30 5/8 January-Febru- ary and probably March and 30 9/18 April-May, buyers at 30 11/16 for any delivery.
Brooklyn-Manhattan.
$8 cum, pf. Oase, JI
Pennsylvania `R.R.
Phelps Dodge ********* 64
ין
971
541
177
THE
13.
CHINA-SIAM LINE.
44. "ERLLAS"
"HELIOS"
+
FIRAM
HONG KONG-BANGKOK
leaving Hong Kong 11th January via Swatow leaving Hong Kong 22nd January via Swatow leaving Hong Kong 28th January via Swatow": HONG KONG-SWATOW-AMOY Đình THÁI LU
leaving Hong Kong. 10th January m. “HAI HING* leaving Hong Kong 18th January Accepting Passengers & Cargo for all the alive metióned ports. HONG KONG-SINGAPORE-FENANG-RANGOON Regular Express Service
"HAI LEE” ma "HAI HING
learing Hong Kong 19th January
leaving Hong Kong 2nd February
Accepting cargo for all the above mentioned ports.
"For freight, passage rates and all other information--Apply la
THORESEN & CO., LTD.
Gamaral Agent..
Excellent passenger sccommodation available,
Tel. 30237.
S.S.
Sailing
Queen's Building.
BENLEDI"
for LONDON,
ROTTERDAM,
ANTWERP, HAMBURG and LEITH on or about the 8th January.
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
Next Sailing for SHANGHAI & JAPAN S.S. “BENAVON" 12th Jan.
For Freight and Fassage apply to:--
W. R. LOXLEY & CO., (CHINA) LTD.,
York Building..
THE BEN LINE STEAMERS, LTD.
1332 131
181 1317
110
100
109) 109).
45
1838
Jan. On
11 Commodity Index 31.57
High Low Jan. A 186.39 142.11 179,07
80.48
10.60., 13.65 38,16 38.23 34,96 10001 99.92 106.60.
85.58 79.66
High Low Close. Change 170.00 778.17, 178.88 54.15 53.45, 53.84 20.71 3680 35.44 105.03
.48 up
78.68 to off
m.3.
11, Ice House Street.
MARKET
Steady but Weless.
STERLING
The London-New York cross- rate was quoted at 4.91 1/8. New York-London was quoted at 4.91; Adams Express ....... 7/32.
Allis Chalmers ............... 78 Amer, Can ............ 118) A. Car & Foundry
Stocka
Last Bale Jan. 5 &
15+ 161
771
1182
Amer. Cyanamid ... 351 Amer, & For. Power 8
341
Int. Nickel
No business was reported. There † Amer, & For. #1 pf. 601 were sellers at 172 31/32 January- | Amer. Locomotive May and probably June, `buyers at | Amer. Metals kui 1/3 for any delivery.
Amer. Radiator .....
604
444
451
521⁄2
521
251
254
Amer, Rolling M... 334 Amer. Simelting
331
Int. Tel & Tel, ------ Int. Dept Stores Kennecott Copper Lambert Corpn. ...... Loew's Inc., s««sseré Lorillard
93
Amer. Steel Faries.. 61 Amer, Bugar.
55 Amer. Tel Tel... 1834 Amer, Tobacco "B" g Amer. Waterworks ... 261 Anaconda Copper ... 55+ Atchison, T. & 8. Fe. 714 Atlantic Refining Atlas Corp.
034 82
281 53
Mcintyre Porcupine McKesson & Robbins 431 Monsanto Chemical 97 55+ 1841
Montgomery Ward - 544 981 Murray Corp. in 171 Nat Cash Reglátor ... 201 Nat Dairy Products 231
231
281
314
17
17
Auburn Motors ...... 301 Baldwin Locomotive $1. cum. pf, "maatre Baltimore & Ohio... 211 Barnsdall On Bendix Aviation Bethlehemi Steel Boeing Airplane
30
85*
27+
291
Nat Power & Light 121 121 New York Central — „407 420 Niagara Hudson P.
Carpzésen. 167 167 North American 884
**** 304 Northern Pacific 201
272 Pacific Gas & Elec. 35
311
30
Facing Lighting
51** 52
754
741
Packard Motors
34
34
Paramount
101 102 251 247
Tel. 92533
Borden Co,................. 211′′
271
401
Brocklyn-Manhattan
Phillips Petroleum
50% 51
Trans
505..
51
Public Service of NJ. 48)
.49
Pullman, Inc.
1004*
Pure Oil
201
+21
135
136
Radio Corpn of Am. 11
CONSIGNEE NOTICES.
101
Canadian Pacific
144
143
Republic Steel
291
291
Celanese Corpn. of
Reynolds Tobac, "E"
-564
56
America Cerro de Pasco ... Certain-Teed P'ducta
274
261
71
721
St. Joseph Lead Co. Schenley
44 431
Chesapeake Corpn. 851* Chesapeake & Ohio Chrysler Corp. Columbia "Gas & El 137
101 101
Schenley 51% pl.
97+ 971
84.*
Sears Roebuck......
821 821
661
681
1134
1154 19
Columbia 6% "A" DI 106
1061
Commercial Credit
881
via
Commercial Solvents Commonwealth & 8. Commonwealth
cum, pí. Consolidated Edison- Consolidated Oll.... Continental Oil ....... Corn. Products ................. Curtiss Wright (C) Curtiss Weight "A" Delaware & Hudson Del Lackawanna
Western pistilers Corpn Be. 107
༣་
181
18
34
31
63** 70% 44. 441 101 181 431 631
19 v 191 421 431
Shell Union. Oll Bocony-Vacuum Southern Cal Paison Southern Paciic....
251 251 Southern Riy 5% på.
50 501 Stand Brands ......................
161 Stand Gas & Elec. Stand Gas & Elec.
$1 pl. Standard Oil of N.J. Sterling. Froducts Swift International 44
291
29
171
17
297 291
L
151
91
57€
591
681
723 721
314 .32
83
ez b
Technicolor Texas Gulf Sulphur.
40 Tidewater Assoc. Oil Timken-Detroit Axle Transameries
21
211
401
21+ 21
20th Cent. Fox Filar
221 23 17
161
1051
20th Cent. For Flims 354 35
281
261
· pl....rat:
Un. Carbide & Car-
432
494
69+
891
1721
bon
170
1014 102
and -
between--the-hour of
Electric Boat ......... Elec. Bond & Share Elec. Bond & Share
$5 pt. Elec. Bond & Share
$8 pf. Elec Power & Light Elec Power & Light
$7 pl.....
Un. Pacific
}
121
124
1271
120
10.45
United Aircraft
227
237
28
274
Storage period.
Un. Airline Trans-
7111
744
port
21
202
United Corpn. Anke
61
7
8071
814
United Corpn.
231
241
44.
331
331
Firestone Tire & R 42
42
Un. Gas T'provem't Un. Light & power
"A"
15
381
381
US. Industrial Alco-
501 50
bol
371
372
534
532
UB. Rubber
****** 394
39%
19. Rubber $8 pí. 1931
941
63
632
US. Steel
771 761
Gen. Mators diasiny Gen. Railway Bignal Gillette Safety Razor
58
591
Vanadium
29+ 28%
44
214
221
Glidden Gold Dust Goodrich (BF) Goodrich so pf. Goodyear
Warner Bros Pict Westinghouse Elec. 145 Youngstown Sheet
**** 177
171
1451
CLOSING QUOTATIONS
131 132
314
314
Chase National, BC, 494*
491*
80
80
National City Bank 42*
421*
Ögures, kindly supplied by MeRATE
28+
28
Call Money
Kills &z Edgar."
1 GL div.
• E14
pm
353
.0425
01. 30- 15
AMAZING SPEED
OF SHIPS
וי
The speed and thoroughness with which the naval Powers of the world are setting about rearming is vividly revealed in the new issue of “Jane's Fighting Ships," published recently.
Britain leads with 99 new ships under construction' or in prospect, and, without exception, the other Powers concerned with security at sea are undertaking big programmes of new building and replacement.
→
A fact of great significance is the result in practice of the failure quantitatively to limit capital ships. In three years or so the number of new capital ships placed in commission will be greater than at any time in the last 20 years.
"With the definite abandonment of the principle of quantitative limitation by Treaty," says the publishers' foreword, the high tide in naval construction has set in strongly. Not since the Great War ended has such a quantity of new tonnage been authorised.
"Capital ships, the building of which has been a rarity in recent years, are now being ordered free- ly by the principal Powers.
"In 1940 the British Fleet will be reinforced by two 35,000-ton battleships of entirely novel der sign. These two ships the King George V. and Prince of Wales
y are being laid down at the beging
ning of 1937.
"The United States Navy will, begin the construction of two ships of similar displacement at the same date; and there is every in dication that Japan intends to do the same.
"Jane" comments, "Every one of these ships is believed to be de signed for a speed of 30 knots or more, evidence of the extent to which the battleship and battle cruiser have coalesced."
PASSENGERS
Empress Of Russia
The C.P.S. Einer Empress of Russia arrived here yesterday. afternoon from Vancouver, porta, with the following passer- gets:
Mr. and Mrs. J. H. M. Andrew, Master Andrew, Miss K. Arbuth- not, Mr. Wm. Brooks, Mr. O. R
Graham, Barrow, Mr. and Mrs,
J. R. Give, Mrs L M Deans, Mr. R. Fujita, Mr. and Mrs. F. M Hope, Mr. G. A. Haley, Mr. H. E. Johnson, Mr. R. Leonard, Mr. Y. Miyake, Lady LG. Maze, Mr. and Mrs. H E Myers, Miss M. R. Macpherson, Mr. N. T. Nicholson. Mr. and Mrs. J. Pietzcken, Mr. and Mrs. G. Reifel, Miss A. M. Rettel Master Reifel, Mr. H. W. Schedler, Mr. C. Spencer, Dr. and Mrs. F. J. Scrimgeour, Mrs. J. Steel and infant, Mrs. A. P... Taylor- GUL, Mr. F. G. Chung. Mr. T.. K.
Douglas Aircraft Du Pont
Liu, Mr. Y. Lee, Mr. W. C. Mah. Fiintkote Mr. T. C. Yang, Miss H. Copen, Asphalt
Gen. Cigar pinger, Mr. and Mrs. C. Chadder-
Gen. ElectriE' Gen. Foods
The speed of Britairi's crack bat- | ton. Mr. R. M. Disley, Miss V. tleship Nelson is 23 knots.
CONFERENCE FAILS
Featherstonhaugh. Miss J. Green, Mrs. A. Glover, Mr. H. B. Gled- bil, Mr. N. B. Langdale, Mr. K. The Naval Conference which | Matsumoto, Mra. G. E. Marshall, met in London this year failed in Miss K. 8. Myrick, Mr. C. J. Mc- its primary purpose, which was to Cormick, Miss E. McKnight, Mr. secure a quantitative limitation of J. Skinner, Mrs. F. Stormes, Miss armaments. The attempt to resP. Stormes, Mr. T. Vijayarag trict the gun calibre of capital havan, Dr. and Mrs. Wm. B. York, ships to 14 inches also scemd
Mr. J. I. Lee, Mr. Njoo Bik Llang, doomed to failure,
Mr. Wong Luk Shek, Mr. Yap Yan Bun Mr. and Mrs. H W. Yung.
The following figures give some idea of the numbers and flads of Mr. C. Chen, Miss M. Chun, Mr. ships which are either being built W. L Chan, Mrs. E. Look, Mr. T. or are projected by the leading 9. Lee, Mr. W. C. Liang, Mr. Loc. naval Powers:-
Mr. M. A. Leung. Mr. A. Eng. Mr.
B. Ling, Madame Ling, Miss Ling,
NEW CAPITAL ISSUES
** £77550 2ETEINNIG SCEnd‡‡‡ F÷8¬I** *5**-***** ***⠀⠀¤¤¤Ã¤ 7 885 ** fe. * ******* ****
15
-1% .1%
GOLD OUTPUT
NOTICE TO CONSIGNEES
OCEAN STEAM SHIF CO, LTD. OHINA MUTUAL STEAM NAVIGATION CO, LTD.
will
AND
ONSIGNEES per Co's Vessel
" ABNEAS”
FROM UNITED KINGDOM
vra BINGAPORE.. are hereby notified has their Cargo be discharged into Holts Wharf, Kowloon, where it will lie at Consiguen risk and subject to Terma and Conditions of Storage at Holt's Wharf. The Cargo will be ready for Delivery from Godown on and after 8th Jan.
landed here Options Cargo will not
NOTICE TO CONSIGNEES
PENINSULAR AND ORIENTAL--
STEAM NAVIGATION Cɔ,'s STEAMER "RAWALPINDI."
ARRIVED HONG KONG OR 7TH JANUARY, 1937.
FROM ANTWERP LONDON,GIBRAL- TAR, MARSEILLES, MALTA, PORTSAID, 'ADEN, COLOMBO AND 8TRAITS.
CONSI
י
ONSIGNEES of Cargo by the above- named Vessel are hereby.. informed that their Goods are being landed and placedĹar, ruxin xax in the Hong Kang and Kowloon Wharf and Godowa Cen pany Godowar at Kowloon, where sch Contignment will be sorted out Mark by Mark and Delivery can be obtained ma the Goods are landed.
Optional Goods, will be landed his unless Instructions have been given to the contrary: Bix Hours before strival of the Steamer.
unless Neties has been given prior to Goods not cleared within 8 days Eteamer's arrival, bat carried on from including date of arrival will be subject to port to port to the final port of call to Berk
which the option estanda.
ا الى
No Fire Jozurance will be effected by, All broken, chafed and damaged Goods us in any ones whatever. are to be left in the Godems, where
they er seinad on any Tumayr - Godown zar nakagun must be, left in the
પણ મને ન
ngneet, and the Company's Surveyors.
Londays
within the
and Noos within the Free Hours, Gonna & Douglas, at 10 am,
Č
and Thursdays, the No Claims will be admitted
Free
period, t Goods have lact: the Steamer's Gudowa, and all. Goods remaining undelivered after the 13th Jan, will be subject to Reut.
All Claims against the Steamer mast be presented to the Undersigned on or before the 26th Jan; or they will not be recognised
No Fire furance will be effected BUTTERFIELD & BWIRE
Agenti. 5th Jan., 1987.
(4834
EXTRA MANILA
Hoor Kort Jin
Extra Manila closing quotations.
Gumaon Gold Consol Mines East Mindadão Equitable Gold Oreck The Hong Kong Stock Exchange
Ipo Gold nave received a cable, from Messa Mineral Resources London, Jan. 8. LOGO
Derrick & Co, Local Secretaries in Mother Lode. New capital issues in the United Singapore of the Raub Australian Paracale Gold 3 destroyer flotilla leaders, 32 des- Mr. K. 8. Shao, Mr. H Tseng. Kingdom totalled £217,221.000 last cold Mining Co, Ltd. announcing Salacot "France, having begin the Ri-troyers (16 of a heavier type), 13 Mr. M. Tong, Mr. Y. P. Tsai, Mr. year. This was close on £19.000,- the output, for the four weeks end-¦ Sta Rosa, thelieu, is now about to lay down submarines, 13 sloops and mine. 8, Wong, Mrs. Wong, Mise 000 less than 1980, the last yearing 2nd, January 1837 to be 2005 Universal Expl.
sweepers, 17 net-layers, torpedo Wong, Mrs. Julla Wan, Mr. Wang,before the world depression, and ounces, boats, trawlers, etc.-total, 99, --
AMAZINGLY HIGH SPEEDS
the Jean Bart; while Germany, having one 35,000-tonner in hand,
is expected to start work on a zis- ter ship in 1937.
"Italy's two capital ships--the
Great Britain. Two battleships, Mr. K. Mak. Mr. and Mrs. W. C.
3 aircraft carriers, 16 light cruisers, Ma. Mr. C. Ou, Miss E. L Qig
France-Three battleships (2 of 35,000 tons with 16-inch, guns and
Yueh, Mr. Wang Chen Chang, Mr. Geo. R. Woo.
1 of 28,000 with 13-inch guns), 3
Littorio and Vittorio Veneto-were cruisers, 2 flotilla leaders, 6 des-
compares with £88,688.000 in 1931, from which date a consistent an- rual recovery has been maintain-
A
wed,
laid down in 1934, but progress in troyers, 12 torpedo boats, 6 sub-4 destroyers, 35 torpedo boats, 23
so slow that it is unlikely that they marines, 11 sloops, gun-boats, etc. submarines total, 86. will be ready before 1940. There-total, 43.
Is little doubt that in that year Germany. One battleship (35,-
the number of new capital ships 000 tons with 14-inch guns), 2 placed in commission will be great er than at any time since 1916."
The amazingly high speed of ships of such tonnage is likely to create a few factor in naval war-
fare.
aircraft carriers, 3 heavy cruliers; 12 destroyers, D seagoing sub- marines and others of a coastal type. 12 mine-sweepers total 39
Italy-Two Battleships (35,000 tons with 15-inch guns), 2 cruisers,
United States: Two battleships (35,000 tons with 16-inch guns), 3 aircraft carriers, 11 cruisers, 52 des troyers, 16 supmarines-total, 83,
Japan-Four battleships pro- lected (believed to be of 35,000 tons); 2 aircraft carriers, 2 cruisers, 14 destroyers, 4 kütmarines, 12 torpedo. boaté-total: 38,
Of last year's issues the muni- cipalities and public boards group accounted for £48,000,000, the rail- way group for £31,260,000, and coal, iron, steel and engineering, including motors and aviation, for over £22,250,000, while the invest ment and finance group approach- ed £22,000,000
British Wirefcit.
A
SOVIET BUDGET
30 .13
31132 917 32
41 42
:18:
135
35
Core specially notified that. it is zooossary for a Revenue Offer to present at the examination of damaged dutiable cargo,
All Claims against the Stemmer must be presented to the Underngned on or before 97th Jan, 1997, or they will Bot be recognised.jame
No Claims will be admitted after the Goods have left the Godown. MACKINNON, MACKENZIE & Co.
Agcola Hong Kong, 7th Jan. 1937.·** [4396..
HAMBURG-AMERIKA, LIKTK.
NOTICE TO CONSIGNEES.
baying
"PREUSSEN "
arrived from Hamburg and Porte of call, Consignees of Cargo-are hereby notified that ther foods are being landed and placed to their rink into the Hong Kong & Kowloon Whad & Bodewa Company's godoained sa poct Bawloon, where
Cargo will not be faded here, zulose Notice has been given 46 hour prior to Trapel's syrival, buk naked on from pork topoes to the final port of call to which the optian eztanda..
.08 01 No Claims will be admitted after the
Ung
064
Marsinan
114.00. 114.00
Layaka
13283 284
Cocogrove Mambulao North Mindanao Syndicate. Invest. Development Inc.
100
*100.
32 *11 |10|12}
82
32
112
45 25
Moscow, Ján, 6. The estimated Soviet Budget for Tinaso 1932 provides for the expenditure of 93,000,000,000 roubles, an in- crease of 18 per cent. compared with last year..
The increase will be devoted to army expenditurs and capital con- structioff.
Last year the military expendi- fure amounted to 20 per cent, of the entire budget. Beuter's Bulletin Service,
Goods, have left the Godowns, and Goods
good remaining undelivered
Jala 1987,
bo
when the
份
All broken, shafed and damaged Goods are to be left in this Godowns, where
they will be examined on 7th Just
1917 10 by our
Mowers, Godard & Douglas, kad Di
o comply with the General Bonded Warabouw Begulations consignees must Baronde Offer in tendance
| when_damaged dutiable goods are
azaminol
reach-
Tit Tehty 1887, or they will not
NG Kemirálőt: wil be Bill of Lading will be signed by
Hong Kong, Hat Ján, 1937,