New York/London Cross-rate New York Cotton-July Dea New York Rubber--July Chicago Wheat July Chicago Corn
-July Silver-Official
1936/7
04.48 40.88 20 Baile
37.54 27.03 20 Utilites
108.01 98.92 40 Bonds
Amer. Can...........
Am. Car & Foundry
Amer. Cyanamid ....
Amer. For, Power
Amer. & For, $7 pl.
Amer. Locomotive
Amer. Metals
Amer. Radiator
Amer, Rolling Mili
Amer. Smelting...
Amer. Steel F'dries. Amer. Sugar ma Amer. Tel, & Tel... 167 Amer, Tobacco "B".78" Amer. Waterworks........ 17) Anaconda Copper. ... 531 Atchison, T. & 3. Fe.
Atlantic Refining Atias Corpn.
THE
CHINA-SIAM
** **HIRAM "
HONG KONG-BANGKOK
LINE.
May via Swatow
leaving Hong Kong
HONG KONG-SWATOW-AMOY
Accepting Passengers & Cargo for all the above metioned ports.
HONG KONG-SING A PORK-PENANG-RANGOON Regular Express Service
D.8. "HAI LEE"" leaving Hong Kong
May
Accepting cargo for all the above mentioned ports
Excellent passenger accommodation available.
For freight, passage rates and all other information—Apply to:-
THORESEN & CO., LTD.
Tel. 30237.
S.S.
General Agents.
HONG KONG DAILY PRESS, MONDAY, MAY 24, 1937.
H. K. STOCK
EXCHANGE
SATURDAY'S
OFFICIAL QUOTATIONS
The market was notably steady. fairly with an improving and general enquiry.
Cements were still available at $15.15, but Hotels strengthened to
Electrics were slightly higher at
$81.
In Manila, the firmness reported at the previous close was main- tained. and the general level advanced further during to-day's short period of trading.
BUYERS
Hong Kong Banks, $1890.
NEW YORK STOCK EXCHANGE
Now York: May 23.
Stocki Adams Express
Hong Kong Banks (Lon. Reg), Allis Chalmers ......
£118.
Queen's Building.
Bank of East Asia; $93.
China Underwriters, $1.95.
Indo-China (Pref.). $50.
H. K. Wharves. $119.
H. K. Docks, $291.
H. K. Hotels, $7.15.
H K. Lands. $35).
(Thrangh Rentory Service)
QUOTATIONS
Las Today's High Low Close Close
Change 4.94) 4.94-3/16 1/18 up 12.88 1279 12.75 12.84
.ce up 13.79 1888 1263 1275
.it up.
י
13
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE Sailings
President Linen' fraquanh sailings and their unless stopover privileges allow you travel just exactly as you choose, And Dollar Stemmehip Tuns and American Hill LIG worktwiste omowe and agents are maintained to Mrts youi kahora in whatever place you chance to be, aka gaur aaxi trip more enjoyable, traveling "The President Line ware
TO SEATTLE, VICTORIA "THEEXPRESS ROUTE"
Vin Shanghai, Kobe and
Yokohama
TO SAN FRANCISCO NEW YORK AND BOSTON
Via Shanghal, Koba, Yokohama, Honolulu, San Francisco, Panama' Canal and HavaNA. Pres. Coolidze Noon June 3rd Pres. Grant 10.00 p.m. May 24th Pres. Wilson Bam. Jana 18th Pros, Jackson M'night June 4th Prea. Hoover Noon June 29th Pres. Jefferson M'aight lane 18th Pres. Cleveland Might July 13th | Pres. McKinley M'night July, înd Fres. Coolidge Noon July 24th Pres. Grant 'night Jaly 18th Frea. Taft M'night Aug. 10th | Pres. Jackson' M'night July 30th
EUROPE, NEW YORK
Via Manila, Singapore, Penang, Colombo, Bombay, Susx Canal Naples, Ganda, and Marseilles, Pres. Garfeld Pros, Hayes Pres. Monroe Prea. Adams
8 am. June 8th 8. June, 20th 8 sm. July 4th 8. July 18th 8am. Aug.1st
MANILA
THE MOST FREQUENT SERVICE
Next Sailing:
Pres. Coolidge 9p.. May 17th Proa. Jackson
6 p.m. May 20th Pres, Garfield 8am, June 8th Pess. Wilson M'night June 8th Pres. Jefferson 6 p.m. Jana 18th Ram. Aug. 18th Pres. Hoover 9 p.m. June 18th
MOST FREQUENT SERVICE ON THE PACIFIC
DOLLAR ⚫ STEAMSHIP.LINES * AMERICAN • MAIL · LINE *
· PEDDER BUILDING-- HORO ZOKO.
CARTON BRANCH -3], FRZNOR COMCISSION, SHAMELN.
1.19 91.13b. .05 off 190 191 121] "120)
jup 1191 118 1998 Jup
i
44
unquoted
May 22.
82.44 88.68 11 Commodity Index 71.14
High Low Dow Jones Averages, May 21. High Low Close Change 19440 143.11 30 Industrials
176.37 173.95 175,00 1.17 ap 59.07 68.65 68.90 .35 up 18,38 28.00 28.34 101.62
71.90 Business Dobe:-780,000 shareN.
173.83
18.60
$7.81
101.54
43 ap .0% of .83 up
Lust Bale
May 21
12
17 171
63
63
1.
93, 99
Last Sale Stocks
May 21 22 Great Northern Rly, 581 501 Great Western Sugar 352 35 Holly Sugar Corpn.
1:
:[
Humble Oil
781 41
313
311
Int. Nickal
ཏྭཱཏྭཱ .* 611 611
F
81
Int. Tel. & Tel
10% 11
45
461"
Int. Dept Stores
20
20
Auburn Motors......
Baldwin Locomotive
$ cum. pf.
Baltimore & Ohio... Barnsdall On Bendix Aviation" .....
Bethlehem Steel
Boeing Airplane
Borden Co.
Brooklyn-Manhattan
Trans
Brooklyn-Manhattan
$6 cum, pr Case, J.L
Canadian Pacific
Celanese Corpn. of
America
Cerro de Pasco ...... €5 Certain-Teed P'ducts 181 Chesapeake Corpn. 80 Chesapeake & Ohio 581 Chrysler Corpn.
----- 1127 Columbia Gas & E. 12
Columbia 6% "A" pt. 22 § Commercial
Commercial Solvents 14
Commonwealth & S
Commonwealth
cum. pl.
Consolidated Edison
Consolidated Of
Continental Ou
Com. Products
Curtiss Wright (C)
Curtiss Wright "A"
Delaware & Hudson Del. Lackawanna &
Western Distillers Corpn Sea.
grams
Douglas Aircraft
Du Pont
Electric Boat
Elec. Bond & Share
$5 pt. .....
Elec. Band & Share
58 pf.......
Elec Power & Light. 17.
717 702.
Elec Power & Light
$7 pt.
65 Firestone Tiẻ & R
330 Flintrote
BENARTY"
Sailing for LONDON,
ROTTERDAM,
ANTWERP, HAMBURG, HULL and LEITH
on or about the 9th June.
Cargo will also be accepted on through Bill
of Lading to the usual transhipment ports.
Next Sailing fom SHANGHAI & JAPAN
S.S. “BENLAWERS” 26th May.
S.S.
Tol.
22533
"BENMAGDHUI
* 28th May.
For Freight and Passage apply to :----
W. R. LOXLEY & CO., (CHINA) LTD."
York Building.
Agents:
THE BEN LINE STEAMERS, LTD.
PHILIPPINE MINING
NEWS
THE GOLCONDA MINING CO.. Inc. property in Nueva Ecija has been tested and developed and is now in a position to start produc- tion, it is reported.
The company has explored its holdings of manganese, chromium and copper claims in Pangasinan.. These properties are ideally locat- ed three kilometrès from a pro- vincial highway and a deep river for fast, cheap transportation.
SANTOS INVESTMENTS, INC mine managers, stock dealers and mine consultants, have contracted the services of Heary Clark, min- ing engineer, of Covina, California. He is coming to the Philippines on a three-year contract.
Mr. Clark is scheduled to leave San Francisco aboard the s. s.
President Hoover on May 25, ar- tlving in Manila on June 20. He
will be accompanied by his wife. He is the second techntelan con tracted by Santos Investments. Inc. In the United States. Two more are coming this year.
John Lea, mining and metallur- gical engineer, the first to be en gaged by the corporation, left San Francisco 00 the Fresident Coolidge on May 10 and la arriving here on May 29. Mr. Lea will head the technical department of Santos Investments, Inc.
THE EXCHANGE
MARKET
MESSRS. ROZA BROS.
- 01
Saturday, May 22. The price for Ready Silver rose
1/16 yesterday but the Forward rate was unchanged, the quota- tions being 20 and 20 7/16 re- spectively. Silver advices reported India as having bought. China sold The market closed steady. After the official fixing the market was featureless, American Silver, was quoted at 444 for Spot
The London/New York cross- New
rate was quoted at 494.15. York/London was quoted at 4941.
Quiet
"MARKET
STERLING
No transactions were. reported. There were sellers at 1/2 27/32 for forward and probably for near delivery. buyers at 1/2 for any delivery.
“US, DOLLARS Business was done during the course of the morning at 30 7/16 THE UNION 'MANAGEMENT for December and 30 for August Company has engaged Raoul G. and July. The market closed Bergman, of New York City who, with sellers at 30 May/June and accompanied by his wife and 30 7/16 July/October, buyers at daughter, arrived in Manila on the 30 9/16 Cash/June and 304 July ss. President Lincoln on May 13. October.
Mr. Bergman was educated at Columbia University, New York, as
SHANGHAI DOLLARS
at 1024 for cash.
A small business was reported There were sellers at 102 for cash: buyers
102 5/16 for cash.
at
a mining engineer and geologist. During the past six years he has been operating and managing sev- eral chrome mmes in New Caledo- nia for the Mutual "Chemical of
SHANGHAI MARKET America of New York, the largest
There were sellers of Sterling at producer of chromium chemicals | 1/2), buyers probably at 1/2 33/64 in the world. He has also had a for Spet. US. Dollars, sellers at wide experience in the develop- 291. buyers at 29 29/32 for Spat. ment and operation of lead and
zinc properties. In the United
States and Latin America for the
St. Joseph Lead Company. Among Irving D. Hubbel and Milner H.
H. K. Realties. $6.10.
H. K. Trams $14.90.
Peak Trams (old), $41. Peak Trama (new), $14. Star Ferries, $84.
China Lights (old), $14.20. China Lights (new), $13.90. H. Electrics, $804.
Macao Electries, $18. Sandakan Lights, $124. Telephones (old), $294. Telephones (new), $11.852: H. K. Ropes, $5.20. Lane, Crawfords. $8.90, S'ha Cottons (old), Sh.$117. Sha: Cottons (new), Sh. $92. Constructions (new), 45 cts. Vibro Piling $4.80.
SELLERS
H. K. Hotels, $7.25. H. K. Trams, $15.
China Lights (old), $14.30.
SALE!
Hong Kong Banks, $1800. China Underwriters, $1.90. Providents (old), $2.17). Providents (new), 70/75 ets. H. K. Hotels. $7.15.
H. K. Realties. $0.05. H. K. Trams $14.00. Star: Ferrfès, $84.. H. K Electrics, $604, Cements. $13.10/.15. Watsons, $4.80.
י|
BRITISH TRADE
IN CHINATM
Dr. Kung Invites Co-operation
Briggs M'facturing 421
London, May 22. "Britisti traders have a great Beld in Chinu, not only because of its vast population but because of the raw material resources of the country," declared Dr. H. H. Kung, Chinese Foreign Minister, at the banquet given in honour of the Chinese delegates by the Commit- tees of the China Association and the Federation of British Indust-Elec. Bond & Share ries.
"China needs capital and scienti fic knowledge." he continued, and Britain has supplied us with both in the past.
"Recent revenue in certain cate- gories has doubled, and we have, had large surpluses in Customs re- venue."
Dr. Kung added: "If China could be developed, in ten years the Cus- toms revenue might be ve times the present value.
"We have the resources, they only need development, and British tra- ders will have a warm welcome by the Chinese Government and the
Support of the people in this mis.
sion,"
་
tion to develop China for the put- Dr. Kung appealed for co-opera-
ual interests of Britain and China and the peace of the world.
. MR. BUNCIMAN'S TRIBUTE
The President of the Board of Trade, Mr. Walter Runciman, was the next speaker and aald, that it was adherence to the principles of sound currency. In China that 'would most gain our admiration.
"You survived the crisis of man- other companies with which Mr.
aged currency reform in the amaz- Bergman has been associated are FEDERATED MINERALS, INC., ingly short period of eighteen the Phelp Dodge Corporation at announces that a branch office of ] months. the Pilares Copper Mine in the corporation in the Visayan İs- "The Chinese trade position has Sonora, Mexico, and the McIntyre | lands has been established in undoubtedly improved in the past Porcupine Mines, Inc., in Por-Surigao. Francisco Ceñorin, pro-year and the possibilities are stup- cupine, Ontario.
minent lawyer, has been appoint- endous."—
Was
Hawkins.
· In 1920 and 1921, Mr. Bergman ed to take charge of the newly Reuter...
assoelated with Quirico A. | created office. Simeon Capule Abadilla, now Director of Mines, in | Cruz, president and general man- ! the study of the oil fields near ager of the corporation, told the Tuxpam. Veracruz, Mexicó.
The Union Management Com pany staff now includes H. Norton | Johnson. Dr. Donald D. MacLellan, Earl Williamson," Donald C. Greeg,
BRIGHT OUTLOOK
London, May 22. "The outlook for trade with 'Bulletin that the establishment of China has brightened considera-" the branch office will facilitate bly," says the "Financial Times" in easier and faster business trans- a leading article' on the prospects actions with the arm among the of British export Interests in the investors in the Visayas.
Far East.
Gen Asphalt ... Gen. Cigar
Gen, Electric
Gen: Foods ........ Gen. Motors ....... 44 Gen. Railway Signal Gillette Safety Razor 21 21% Glidden Gold Dust...... Goodrich (B.J.) Goodrich $$ pl. Goodyear
The journal adds that “although [. the time is not ripe for long-term lending, the field for expansion via medium term credits is as wide as the Exports the activities of Credits Guarantee Department in
dicate."
I ex div.
GERMAN COAL PRODUCTION
Berlin, May 22, Greatly increased activity in the German chemical industry in the direction of procuring petrol from There is evidently scope for coal, is one of the prime factors more vigorous cultivation by Bri-accounting for the big jump in tish traders of the Chinese market, coal production reveared in figures though certain conditions must be published to-day. adjusted.
GIBB, LIVINGSTON & CO., LTD. Telephone No. 28031:
P. & O. Building. Joint Passcoger Agents
Nippon Yusen, Kaisha
King's Building.
PHILADELPHIA, BALTIMORE, NEW YORK AND NEWPORT
Into
ARGO ex The Steamship
OITY OF WELLINGTON"
CONSIGNEE NOTICES.
NOTICE TO CONSIGNEES
OCEAN STEAM SHIP CO., LTD..
AND
CHINA MUTUAL STEAM NAVIGATION CO., LTD.
J
JONSIGNEES per Co.'s Vasel
DEMODOCUS" FROM UNITED KINGDOM VIA SINGAPORE
are hereby noted that their Cargo will be discharged Into Holt'a having arrived by the Steamship Consignees risk and subject to Wharf, Kowloon, where it will be "AISUTA MARU" Conrignees Terms and Conditions of Storage at of cargo by her are informed that all Bolt Wharf The Cargo will be goods are being landed at their risks ready for Delivery from Godown on
the hssardets and/or extra- and after 10th May hazardens gedowns of The Hongkong & Kowloon Wharf & Godown Co., Lid, whence delivery may be obtained.
No claims will be admitted after the goods have left the godowns, and all goods remaining undelivered, after 27th
will be subject to rent.
undersigned on or
1987,
they
Optional Cargo will not be lauded here, unless Notice has been given prior to Vessel's arrival, but carried on from port to port to the final port of call to" whính the option : extenda,
All broken, chafed and damaged Goods are to be left in the Godowns, where they will be examined on any Tuosisys and Fridays between the hours of 10.45 and Moon within the Free Storage period,
No Claims will be admitted after the
May against the vessel must: During the arst four months of berpreted to the unders "Fair competition must, for in-the current year, Germany pm-
will not be recognised. stance, be unduly compromised un-duced 60,000,000 tons of anthracite
АП
be left in the godowns. where they will be examined by the service of the Chinese Maritime the corresponding period last year, steamer's surveyor on Tuesdays. OT Customs to resume its normal
Production of brown coal also Friday at 2.80 pm. within the Free. functions in East Hopei,... shows an increase over the same Storage Period.
red "It is just this sort of remedial period from 50,000,000 to 85,000,000 action which makes Japan's move tons, whilst production of black for rapprochement more effective, coal rose from 11,000,000 to 13,- the journal concludes.-
000,000 tona.~*~ Reuter,
Transocean News Service.
less Japan allows the preventive as compared with 51,000,000 tons in- goods ken, chafed and damaged Goods have left the Vossel's Godown
No Fire Lasurance has been affected,, Bils of Lading will be countersigned by
· THE BANK LINE (UHINA), LTD.
Storm Agenta, Hong Kong, 20th May, 1987.
and a Goods remaining undelivered after the 27th May, will be subject to
Bent.
All Claims against the Vesel moet be presented to the Undersigned on or before the 10th June or they will, Bót be recognised.
No Fire Insurance will be feated.
BUTTERFIELD & SWIRE
[6296 | 27th May, 1937.
Agenta,
[3297
48
46*
Kennecott Copper
661
67+
50
50%
Lambert Corpn.
12
124
217
221
Loew's Inc.
792
78"
35.
354
Lorillard
22
22
Pres. Harrison Pres. Polk
52
Mcintyre Porcupine
55)
581
McKesson & Robbins. 447
441"
41
46)*
Monsanto Chemical 911
014
167+
Montgomery Ward. '514
52
80
18
Murray Corpn....... 12).
121
Nat Cash Registor. 344.
. 34
541
Nat Dairy Products 221
221
į
873
Nat Distillers 31
31
29
292
Nat Power & Light 91
01
151
15
New York Central ...
451
47
24 *
24
Niagara Hudson" P.
Corpn.
12+
123
95 *
96 *
North American
25
25
311
314
Northern Pacific
847
347
27
27&
Pacific Gas & Elec. 291
30+
Pacific Lighting ...... 444
454
841
852
Packard Motors
91
01
BURNS PHILP M.V. "NEPTUNA
Due 26th May.
LINE
34
351
Paramount
20%
201"
241
247
'Pennsylvania R.R.
*31
44
43
Phelps Dodge
11
Phillips Petroleum
55
561
H
271 291
Public Service of N.J. 40
40
Pullman Inc. .........
80
BO 185 165 ⚫
Fure Of
187
189
Radio Corpo of Am.
121 13
Republic Steel ......... 35 Reynolds Tobac. "B"
361
.501
50%
39 39
68
St. Joseph Lead Co. Schenley
424 424
17
Schenley 5% DI. ...
941
Sears Roebuck
80
80+ Bi
58#
Shell Union Oil ......
287
201
1137
Bocony-Vacuum
181
10
124
Southern Cal Edison 24
2411
Southern Pacific
877
37#
384
Credit 623
62+
Southern Rly 5% p. 481
491
144
Stand Branda
121
122
Stand
Gas & Elec.
21
24
62
$6
Stand Gas & Elec.
51
52
$7 DL......
45.
473
35+
382
Standard Olof N.J.
66
671
16
153
Sterling Products
64
634
451 43
Swift International 304
304
801 61
Technicolor
29
29
52
6
Texas Gulf sulphur. 371
371
Tidewater' Assoc. Oil
184
13
171
· 18
187
191
Timken-Detroit Axle 23
.231
:
Transamerica
***** 134
13.
133
134
20th Cent. Fox Films
264
38
20th Cent. Fox Films
214
21
pf.
534 552
Un. Carbide & Car-
158
157
bon
10
10
Un. Pacifc
.167
174
United Aircraft ......
451
1003 2014 144 1441 25 251
47 *
PASSENGER & FREIGHT SERVICE TO AUSTRALIA
Sailing Monday, 31st May
for Saigon, Manila, Sandakan, Salamana, Rabaul,
Sydney & Melbourne..
First Class Fare to Sydney:
Single: 47.10.0d.
Return: £76.-0-0,
Passenger & Freight Agente-
814".
GIA"
United
Un. Airline Trans-
port United Corpn...... 47 #
Corpn.
1.
16
164
1
172
cum, pi....
38 387 Un. Gas Fprovem't 124 - 13
67
Un. Light & power.
34
"A"
57 1.04
CONSIGNEE NOTICES..
U.S. Industrial Alco-
32 40 401*
314
hol
.34
U.S. Rubber
581
344 801
54 55 56 572
46
U.S Rubber $8 pr. 85
80
U.S. Steel
982
1004
Vanadium
281
29
412* 43
40 • 444 *80* 80
3B1
Warner Ens Pict.....
... 134 137 Westinghouse
Elec. 1381 Stieet Youngstown
& Tube.....
85 Chase National Bk. 63 • National City Bank. 47 Call Money
NOTICE TO CONSIGNEES
AMERICAN & MANCHURIAN
LINE.
1314
FLOX.
861
53 471"
NEWS.
1% -1% * Bid