Famous Dachers Series, Na, 4
TO GET RID
STOMACH TROUBLES
An
English Doctor
writes :-
"And that "Bisurated' Nagnesia taken åftar moet of my meals is the only thing that keeps me free from þain and discomfort, and I take it regularly. I often prescribe it for my patients, and have had very good results.
(Signed) Dr. H, Gum, MA., M.R.C.S), L.R.G.P. THE English doctor is the most conservative medical man in the world, and when he not only recommenda but personally uses a remedy there can be no more cpa- vincing proof of his efficacy. This doctor is but one of many who constantly advise the use of *Bisurated ' Magnesia in all cases of indigestion. Most stomach trouble is caused by acidity, and the reason why Bisurated Magnosià gives "quick retief is that it in stantly asutralises excess acid and soothes, beals and strengthens the inflamed stomach lining. Nothing could v be simpler, saler or surer. If you suffer with indigestion For stemach disorder of any kind put your fallin European science and make an end of your iroubles by taking Bisurated' Maguesia úštem eating or whenever pala is felt.
BISURATED
QUICKLY STOPS INDIGESTION
Always sea this oval sign. It is on every genuina carton.
BISMAG
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AEROMAIL
LETTER PAPER & ENVELOPE,
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#
HONG KONG DAILY PRESS. FRIDAY, JANUARY 29, 1937.
THE EXCHANGE
» MARKET
MESSRS. ROZA BROS.
Hong Kong, Jan 20 Silver prices were unchanged yesterday, the quotations remain- ing at 20 7/18 for Ready and 20 3/8 for Forward. Silver advices reported India as having bought. China and speculators sold. The market closed steady. After the official fixing a small business was done at the fixed rate. American Bliver was quoted at 44 3/4 for Spot.
The London-New York cross- rate was quoted at 4.90 1/8. New York-London was lower at 4.89 31/32.
MARKET
steady but active owing to some demand
STERLING
Opened with sellers at 1/2 31/32 resulting in a fair amount of busi- ness at that rate for March and June. The market closed at 1 pm. with sellers at 1/2 31/32 January-July, buyers at 1/3 for any delivery.
U.S. DOLLARS Business was done during the course of the morning at 30 9/16 for June and April. There were sellers at 50 2/16 January-Febru- ary and 30 1/2 March-June, buy- ers at 30 5/8 January-March and probably 30 9/10 April-June:
SHANGHAI DOLLARS
A fair amount of business was done at 102 1/2. for cash. There were sellers at 102 T/18. buyers probably at 102 1/2 for cash.
SHANGHAI MARKET There were sellers of Sterling at 1/2 19/32, buyers at 1/2 5/8 for cash. US. Dellars, sellers at 29 13/16, buyers at 29 7/8 for cash.
IN THE AFTERNOON
The market was steady but quiet in the afternoon.
|
NEW YORK STOCK EXCHANGE
(Through Beuter's Service!
New York: January 28.
QUOTATIONS
New York/London Cross-rate New York Cotton-Mar. New York Rubber-Mar. Chicago Wheat
Hay Chicago Corn
-Kay Silver - Official
Dow Jones Averages,
30 Industrial
90 Bail
- 40 Bonda
***
Last Today's High Low Close Close Change
4.90-13/3x.4.89-31/33 7/16 off 19.78 1261 18.47 39.791 21.41 20.90 21.406 31.086 132 of 128 1964 128 128 1 off 110 108 109 108
1938
Last Bule Jan 26 27
171
Stocks Adams Expresa'
17+ Allis Chalmers *****
781 793 Amer, Can ............. 112) 1111 Am. Car is Foundry Amer, Cynnamid 331 Amer. & For. Power 117 Amer. & For. $7 pf. 64 Amer. Locomotive ... Amer. Metals... Amer. Radiator Amer, Rolling MM... Amer. 8melting Amer. Steel F'dries. 672 Amer. Sugar
534 Amer. Tel. & Tel.. 183 | Amer. Tobacco "B" Amer. Waterworks ... 261 Anaconda Copper ...
524 'Atchison, T. & 8. Fe. 724 Atlantic Refining 34 Atlas Corpn. ............
17 Auburn Motors ...... 301 Baldwin Locomotive
st can. pl.
92 * Baltimore & Oblo... 211 221 Barnsdall Ou
331 32 Bendix Aviation Bethlehem Steel... Boeing Airplane Borden Co. Briggs Mfacturing 544 Brooklyn-Manhattan
Trans
92
50
1024
THE
CHINA-SIAM
LINE.
HONG KONG-BANGKOK,
HELLAS" leaving Hong Kong 8th February via Swatow 1. "HELIOS"
loaring Hong Kong 31st February via Bwatoy ***HIRAM - Inving Hong Kong 28th February via Swatow HONG KONG-SWATOW-AMOT m... “HAI LEE*** leaving Hong Kong 10th February m.s. “HAI HING" leaving Hong Kong 25th February Accepting Pamengers & Cargo for all the above mationed ports. HONG KONG SINGAPORE-PENANG-RANGOON Regular Express Service
leaving Hong Kong 31st January leaving Hong Kong 10th February leaving Hong Kong
3rd March
ma. “HAI HING"
·13.8, "HAI LEE* m.. HAI HING"
#
Accepting cargo for all the Above mentioned porta.
Excellent
ger Rocommodation available. passenger
For treight, pamage rates and all other information-Apply to
THORESEN & CO., LTD.
General Agents.
Queen's Building.
S.S. "BENAVON"
Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG, HULL and LEITH on or about the 9th February.
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
Next Bailing for SHANGHAI & JAPAN S.S. “BENMOHR ” 2nd Feb.
For Freight and Passage apply to:-.
W. R. LOXLEY & CO., (CHINA) LTD.,
York Building.
Agenia:S
THE BEN LINE STEAMERS, LTD.
.
unchanged
90 Utilition
High Low Jan. Su, 187.80 148.11 183.18 80.48 40.88 54.32 37.72 28.23 35.88 106.01 98.91 104.70 | 11 Commodity Index 81.57 55.58 77.03
Business Dono:-1,940,000 shares,
Jan. 17. High Low Clean Change 181.39 189.15 18367
.78 up 54.91 64.18 54.77
.65 up 38,44 30.59 36,25
.37 up 104.81 .14 up
76.28
331
Last Sale Stocks
Jan 26 27 Great Northern Rly. 414 Great Western Bugat 357 Holly Sugar Corpn. Humble On .... Int. Nickel
431-
.38.
Tel. 30237.
84
834
821
621
12+
49
491
Int. Tel. & Tel." ..... Int. Dept Stores. Kennecott Copper
128
121
30 301*
581583
50
50
Lambert Corpa.
201 201
27
28
33§ 91
34
911
677
53
1831
Loew's Inc. ............ Lorillard McIntyre Porcupine McKesson & Robbins 461 Monsanto Chemica. 95 Montgomery Ward ..
71
72%
231
231
46
951
537
544
891
Murray Corpn......
18
181
204
53
734
Nat Cash Registor 33 Nat Dairy Products 23 Nat Distillers
331
23
28
28
34
17
- 31 -
Nat Power & Light 12 New York Central ... Niagara Hudson P.
Corpn.
131
407
417
181
18+
North American...
31
Northern Pacific ..... 27
281
761
772
Pacific Gas & Elec. 351 Pacific Lighting ... 501 Packard Motors
35
11
50 111
34)
.351
Paramount
* 283
Tel. 92533
202
27
551
Pennsylvania RR Phelps Dodge
402
412
Phillips Petroletim ..
514
32
50
Public Service of N.
514
521
Palkman Inc. **********
671
682
1011".
Pure Of.......
221
221
CONSIGNEE NOTICES.
1541
154
Radio Corpn of Am. 111⁄2 Republic Steel..... Reynolds Tobar, “B”. 581
114
35
36
561
191
871
. 65
118
1194
WTA
St. Joseph Lead Co. Schenley Schenley 64% pt. Sears Roebuck Shell Union Oll Socony-Vacuu
NOTICE TO CONSIGNEES
429.
431
AND UNDERWRITERS
971
077
834 84
MAERSK LINE
174 171
301
301
Telephone 30251.
REICHSMARK RATES
Berlin, Jan. 27. The Reichsmark WAJ quoted, without guarantec, at:-
Columbia Gas & El. 177" 18 Columbia 8% "A" pf...1041 Commercial Credit 664 652 Commercial Bolvents 191 20 Commonwealth & 8. 31 31 Commonwealth $6
Bouthern Cal Edison
46)
461
104
Southern Pacifc
201
27+
Southern Riy 5% pf.
481
49
Stand Brands .......
154
157
Stand Gas & Elec. 11
12
Stand Gas & Elec.
$7. på......
55
56
16 161
New York
40.235
44
437.
Paris
Amsterdam (low)
852,--- 73.43 (high) 73.45 London
12.175 Paris Sterling (low) 105.15 (high) 10.18
21.43.
Corn. Prodnets
69
Curtiss Wright. (0.) TI
Curtiss Wright "A" 214 Delaware & Hudson
217
481
50
Del. Lackawanna &
Western
118 1181 Distillers Corpo Bes.
jes
251 25]
Douglas Aircraft Da Pont
75
731
172
171
Standard Oil of NJ. Sterling Products .... 721 Swift International 32 Technicolor
211 Texas Gulf Sulphur 401 Tidewater Asses. Oll 201 Timken Detroit Azle 24] 241 Transamerica
16 181 20th Cent, Fox Films =38) ・・ 361 20th Cent Fox Filma
PL.
454*
451 Un, Carbide & Car-
bon
1047
69
691
73
"32
4
211
401
201
1
1042
Electric Boat *********
131
131
Un. Pacific
1294
129
Elec. Bond & Share 241 Elec. Bond & Share
$5 pl....... Elec. Bond & Share
$0 pl.
251
United Afteraft
29% 30+
un. Airline TURES"
76
port United Corpn.
224
23
It
71
851
87
United Corph,
229
cum pt.
45
454
341
341
42
421
Un. Cas Tprovem't. 151⁄2 Un. Light & power
"2"
151
.91.
91
37 377
U.S. Industrial Alco-
514
51
602
62.
bol ........ U.S. Bubber
381
391
52
521
Gen. Foods
651 661
427 434 UB. Rubber $ pf. 351
0.8, Steel
951
JEBSEN & CO.,
Agents.
857
| Gẹn. Motors .......................... Gen Rallway Signal
61.
82
Vanadium
Warner Bros. Pict
881 293 304 151
1984
15+
22
151
154
32 323
81
81
321
322
Westinghouse. Elec. 158 159† Youngstown Sheet
& Tube
702 Chase National Bk. 543* "National City Bank 50 *
Call Money........ 1%
COMPAGNIE DES MESSAGERIES MARITIMES
781 50+
OUNSIONER NOTIOR.
501*
1
• Bid
8.8 MIN."
3150/87.
$1.50 per 100 Sheets $1.75 per 100
ON SALE ATI
HONGKONG. DAILY PRESS 15-19, Queen's Road, Central.
HOW TO AVOID A
SLUMP
* IN STERLING No bustness was reported, finish- ing with sellers at 1/2 31/32 Janu- ary-July, buyers at 1/3 for any delivery.
U.S. DOLLARS The market closed with sellers at 30 9/16 January-first half April and 30 1/2 April-June, buyers at 30 5/8 January-April and 30 .9716 April-June...
ANGLO-AMERICAN TRADE
US. Dollar clear that by painful de- Zurther general stimulus at the Transocean News Service. grees we have climbed out of the centre. So long as surplus re- slump. It is also clear that we are sources were widely diffused be- well advanced: on the
industries and localities it upword tween slopes of prosperity-I will not say was no great matter at what point "of the boom," for "boom" is an in the economic structure the im- opprobrious term, and what we are pulse of an increased demand was enjoying is desirable, writes a applied. But the evidence grows
Washington, Jan. 27. Home correspondent. But many that for several reasons Inte The British Embassy, in a state- are already preoccupled with what.Į which there is no space to enter menf, says further discussion is is to come. It is widely agreed hero-the economic structure is that it is more important to avoid unfortunately rigid, and that (for
than we have all of us-politicians, bankers, in- dustrialists. and economil«bs—are faced with a scientific problem which we have never tried to solva before. :
Brooklyn-Manhattan
$8. cum, pl. Case, J.I........... 154 » Canadian Pacific... 151 Celanese Corpn. of
America
301 311 Cerro de Fasco ...... 674 684 Certain-Teed P'ducts 181 Chesapeake Corpn. 884 Chesapeake & Ohio 654 Chrysler Corpn.
C⠀⠀ ** 5 ¤× × × = C = [¤ ¤****t; *** F*s* • *** ⠀⠀⠀3¶**** ********. ⠀ #Pe¤¤ e od 38Coutts ↑ a,
cum. pr.
70 .891 Consolidated Edison 463 407
Consolidated Oll
Continental Oil
Gillette Safety Razor, 214 Glidden ..... Gold Dust Goodrich (BF) Goodrich $5 pf. Goodyear
GENERAL AVERAGE S.S. ANNELIESE ESSBERGER "
It is, hereby notified that the 5.S. "ANNELIESE ESSBER-
NOTICE TO CONSIGNEES
OCEAN STEAM BHIP CO., LTD.
AND
UHINA MUTUAL · STEAM NAVIGATION CO., LTD.
ONSIGNEES per Co's Vessel "TINDAREUS"
PROM SEATTLE, VANCOUVER AND VICTORIA VIA JAPAN are requested to take Delivery of Floar and Lumber Shipments as soon as the Vessel is ready to discharge and are hereby notified that if their Lighters are not placed alongside the Vessel
GER", having cargo, on board obarge air Shipments will be dis
from Baltimore, Philadelphia,
into Holt's Wharf, Kowloon, at expense, where the Cargo will lie also at their risk and expense and New York, Norfolk, and Japan subject to the Terms and Conditions of ports, grounded after leaving Storage at Holt Whart Steamer will, Kobe on the 21st January, 1937 cominance Discharge on
on the 2 th
Jaj General Cargo in the afternoon. The vessel re.Holt's What, Bowl be disbarged into Kowloon, where it will be- floated
on January at Consignees risk and rubject to the Tarma And Conditions of Storage "at. 22nd, 1937 and continued, het Hold's Wharf, The Cargo will be ready voyage to Hong Kong via for Delivery, from the Godown on and Shanghai.
aftar 28th Jan In
consequence thereof General Average has been declared.
at
noon
The "ANNELIESE ESS. BERGER" is expected to arrive here on or about 29th January,
All brokan, chafed, and damaged Goode finewith, ba lätt in the Godowna, where they.. will be mined on any Tuesdays and Fridays between the hours of 10:46 am. and Noca within the Bros Storage period. No Claim will be admitted after the all General Cargo remaining, undelivered. Goods hare left the Vessel's Godown, and 1937, and the consignces of after 4th Feb, will be subject to Rent,
All Claims against the Vessel, must: éargo are requested to sign be presented to the Undersigned in or Lloyd's General Average Bond before the 18th Feb, 1937, or they will.
recognized, No Fire Lasaranos will be effected;
BUTTERFIELD & SWIRE
Agents. 28th January, 1987.
(4989
NOTICE TO CONSIGNEES
OCEAN STEAM SHIF CO, LTD),
at our Office before Bills of not be Lading will be countersigned for dellvery.
BRINGING CARGO
CHINA MUTUAL STEAM-
NAVIGATION CO., LTD."
(ONSIGNERS por Co.'s Vessel "PYRRHUS**
From UNITED KINGDOM TIL BINGAPORE,
necessary before it can be deter-Elec Power & Light 221 mined whether a firm basis exists Elec Power & Light a descent into another slump than } example) building activity in the on which detailed negotiations are
$7 pl...... to stimulate a still greater activity home countles is less effective than possible for a reciprocal Anglo- Firestone Tire & R
This means that one might have hoped in American trade agreement.
muatote decreasing unemployment in the The statement" adda that Mr. | Gen, Asphalt ........ distressed Breas F follows Walter Runciman, President of the Gen. Cigar that the later stages of re- Board of Trade, has exchanged Gen. E'ectric covery require a different tech views on various toples with Pre- nique. To remedy the condition ofsident Roosevelt and Mr. Cordell I emphasize that point. Not the distressed areas, "ad hoe” mes- Hull, Secretary of State.-- only have we never solved it; we sures are necessary. The Jarrow Reuter. have never tried to. Not once. | marchers were, so to speak, theore- The booms and slumps of the past ❘tically correct. The Government have been neither courted nor have been wrong in their reluctresponding incomes will be spent contrived against. The action of ance to accept the strenuous "ad on consumption; since, if they are, . Central Banks has been hitherto hoe" measures recommended by the resulting goods cannot be sold an almost automatic response to those in close touch with the pro- at a profit and production will the unforeseen and undesigned im- blem. Nevertheless a change of have to be curtailed. If when in- pact of outside events. But this policy in the right direction seems -time it is different. We have en- to be imminent. We are in more le consume, let us say, nine-tenths comes are at a given level the pub- tirely freed ourselves-this applies need to-day of "a rightly distribut-of their incomes, the productive to every party and every quarter | ed demand than of a greater ag- exorts devoted to consumption from the philosophy of the gregate demand; and the Treasury goods cannot be more than nine laissez-faire" state. We have new would be entitled to economize times the efforts devoted to invest- means at our disposal which we elsewhere to compensate for the ment, if the results are to be sold
CONSIGNEES are hereby informed know more. But chiefly it is a ge-cost of special assistance to the without loss. Thus it is an indis-iron and steel, and armaments regained defence sovereignty of of Opium, Treasure and Valuables are unless Notice has been given, emer to
Krupps, of Essen, the great coal, Reich motor-roads, as well as "the.
that their goods with the exception Optional Carge will not be landed here neral conviction that the stability | distressed areas. If our respon-pensable condition of a stable in- of our institutions absolutely re-sibility: in this direction could. be quires a resolute attempt to apply thus disposed of we could concept-duction
crease in incomes that the pro- firm, is paying a dividend of 4 per Germany"" necessitated "the fullest being landa & stored into the godowne Steamers arrival, buti carribà am from cent. (the first dividend since 1917) application of the machinery of of the Hong Kong Kowloon Wharf and purt to part to the final port of call to what perhaps we know to pre- rate with a clear mind on our cen- (which must be interpreted in a for the year 1935-38. All the production and its extension in the delivery may be obtained framadiately
Godown. Co., · Lad,, Kowloon, whence which the option extendas de venting the recurrence of another
All broker, shafed up damaged tral problem of how to maintain wide sense so as to include work-share capital is held by the family most varied fields." Exports Im after landing. Ki
to be laft in the Godowns, where steep descent. I should. like to
a fairly steady level of sustained ing capital; and also relief works of Krupp von Bohlen.
proved, particularly to Turkey,
ramined on any Tuesdays try, therefore, to reduce a com- prosperity,
and armaments 11 they are pair for The annual report states that South Africa, India, and China.
are between the hour plicated problem to its essential
Why is it that good times have by borrowing) should advance the profits amounted to 14,400,- As regards prospects for 1936-37, elements.
ex- "par pasgu" and in the right pra-000m. (about £1,200,000), equival the report states only that hitherto planation is not dimenit. The portion. Otherwise the proportion ent to 9 per cent on the share the favourable degree of activity. public, especially when they are of income spent on consumption capital, compared with 9,700 As their contribution, to the
has continued undiminished.
Four-Year Plan Krupps
The Distressed Areas
It is natural to interject that it
ta premature to abate our efforts
been so Intermittent? The
Of
Investment
goods
Krupps' £1,200,000 Profit
prosperous, do not spend the whole will be less than the proportion of in the previous year. In most to increase employment so long as of their incomes on current con-income earned by producing con- branches of the firin's business, the figures of unemployment re- sumption. It follows that the pro-sumption goods, which means that production continued to Increase. main so large. In a sense this ductive activities, from which their the receipts of the producers of although at a slower pace than in must be true. But I believe that incomes are derived, must not consumption goods will be less 1934-35. The demand of the build we are approaching, or have be devoted to preparing for con- than their costs, so that business ing, agricultural, and machine in reached, the point where there issumption in any greater propor- losses and a curtailment of out dustries, of shipbuilding, motor, not much advantagé in applying a tion than that in which the cor- put will ensue,
and streraft industries, ; and the
FROM, DUNKIRK via porta, oto
ARRIVED HONG KONG OF SUNDAY, THE 24TH JANUARY, 1887.
are hereby notified that their Gurge will be discharged into Holt's Wharf, Kowloon, where it will his st and Deeditions of Storage at Holt's Consignees risk and subject to Terms Wharf The Cargo will be ready far Delivery Broms Godown on and after 27th Jan.
sad
Goode
All Claims must be sent in- -to for hedh Job., 1937, or they will not be recognized...
Ay and Neow within the Free Damaged
Surveyors, Mesara,ngo períod, *** by the Company &
Umie wil be admitted after the Goddard & Douglas in the presence of Goods have leti the Steam's Godava the Consignees at 10.00 am. on and all Goode remaining undeliver adi Saturday, the 30th Tan., 1987
after the 3rd Fab will be subject Consignees must have a Revenue to Route have Officer in attendance when any datiable established a company to produce goods san examined by the Company's oll from coal by the Fischer-Trons Burveyors, process. The company's own
No Fire Insurance
will be affected by capital of 20,000,000m, is to be sups in any case whatever, plemented by the issue of a loan for: 10,000,000m.
Hong Kong, Hith Jain, 19875)
be presented to the Undersigned on or All Cinima against the Steamer must
before, the 17th: Feb, or they not be recognmoderate
Ho Tire Larosace will be allsstað BUTTERFIELD & SWIRE