HAMBURG-AMERIKA LINIE
Far Eastern Mail, Passenger & Freight Service
Through bookings to America via Europe and Europe vis America. Booking around the world. Through bookings to London
..
OUTWARD SAILINGS 9.4. "PREUSSEN".for Shai, l'airen, Taku, Kobe,
Osaka, 'hama, Moji
31st May. † m.v." BURGENLAND".. for Shanghai, Dairen, Taku, Kobe,
Oanka, Yokohama, Nagoya 6th June "MUENSTERLAND"...for Shanghai, Dairen, Taku,
8th Jane Tsingtao, Hankow....... HOMEWARD SAILINGS +m.v. "LEVERKUSEN"...for Geton, R'dam., Hamburg... 23rd May. * m.v. "BURGENLAND", for Genoa, Rotterdam, 'hurg... 5th July tm.v.KULMERLAND"...for Genoa, R'dam, H'burg......10th Aug. +Passenger Vensel Limited Passenger Accommodation.
For further particulam and passage fares, etc. apply to:-- HAMBURG-AMERIKA LINIE
JEBSEN & 00. ANTS. 12, Pedder Street, Tel. 28363, CANTON AGENTS: CARLOWITZ & CO., Sbakes Road,
JAVA
CHINA
JAPA
VISIT BALI AND JAVA"
Special Round Trip Fares 1st Class Hong Kong Batavia Hong Kong
H$350.
Hong Kong-Bali-Java-Hong Kong
H$450.
TRANSPORTATION ONLY
H$915.
INCLUDING TRANSPORTATION, "MAINTENANCE & TOURS ARHORI
Hong Kong.
Manila H$135.
NEXT SAILINGS-
Hong Kong
TO BATAVIA DİRECT S.S. TJISONDAR!" 1st June, 11 am.
Tonder Quest'a Pier 30.00 am. Tender l'allos Pier 10,14 TO MANILA: CEBU, MAKASSAR. HALI & SOERABAIA
m.s. "TJISADANE" 8th June. 10 LM.
HONG KONG DAILY PRESS. THURSDAY, MAY 27, 1937.
TRADE POLICY
DISCUSSED
Mr. Runciman On Preference System
London, May 25. Trade policy was discussed by of the President of the Board Trade. Mr. Walter Runciman in the House of Commons in a speech to-night in which he made re ference to the negotiations for an Anglo-American trade agree- ment.
NEW YORK STOCK EXCHANGE
Now York: May 18.
(Through Reuter's Service!
QUOTATIONS
New York/London Cross-rate New York Cotton-July Doc. New York Rubber-July Chicago Wheat July Chicago Corn, -July Silver-Official
Last Today' High Low Closs Close, Change 49%) 4.94-6/31 7/38 OE 19.78 18,03 19.80 12.60 .14 off .17 off 12.68 12.62 1270 12.03 10.82 2083 21.06 0.85 120 1162 1101 117 123 120
38 off
2 08
193 190)
off
447
up
May 25,
May 24.
High Low Close
Change
175.57
17611 173.30 173.79 1.78 off
$8.75
38.95 67.10 67.21
1.54 off
TH.50 28.06 28.13 +101,68
70.63
.35 off unch. .Ob off
1836/7 High Low Dow Jones Averages 19449 14312 30 Industriais
Halle 64.46 40 56 20 87.54 27.03 20 Utilition
28.45 106.01 98.92 40 Bonds
101.58 8244 06.08 11 Commodity ludes 71.68
Stocki
Adams Express... Allis Chalmera Amer, Cas.... Am. Car & Foundry
Defending the tariff system in- troduced in 1931 and 1932 the Pre- aldent of the Board of Trade sald he would like to emphasise his view, firstly, that if you carry tariffs too far they become mad- ness; secondly, that if you attempt to dispense with them in a world which has adopted them as a fixed policy you reduce your bargaining facilities "and you are bound to suffer and the United Kingdom in this respect would suffer more perhaps than any country in the world. He was prepared to agree that any form of preference Amer. Radiator adopted might be subject, if neces-Amer. Rolling Mill.
to alteration to suit the Amer. Smelting sary. changed conditions.
"In making a new survey of the world as we are doing we will not overlook the fact that there 15 more than one way in which pre- ference can be applied but we must not be asked to abandon the preference system which is now an essential part of our Imperial po Hcy. We cannot abandon it and do not seek to abandon it” he said. AMERICAN VISIT Speaking of his American visit, Mr. Runciman described the frank exchange of views he had had with President Roosevelt whom he called one of the most remarkable men of the age and Mr. Cordell Hull. Since then, he sald. ther had been trying to find founda- tions on which, a trade agreement with the United States could be built. It was a laborious process examining the whole ground bit by bit, reviewing each of hundreds H. Nolasco da Silva, Esq., Macao of items appearing in schedules. JAVA-ORINA-JAPAN LINE he could not make any statement
York Building
Tel. 28015.
al present beyond repeating so far as the. British Government were concerned they wished to reach an agreement than by which consistently they sincerely and felt no greater contribution could be made by Governmental action
Tender Queen's Pier 1,00 20, Tasdar Police Pier §.15 am,
TO AMOỶ & SHANGHAI m.s."TJINECARA " 9th June
For further information apply: "
Holland-Cbfną Trading Co.,
MODERN
Canton
LIJN EXPRESS SERVICE
LINE
SERVICE
MAERSK LINE
Fast regular FREIGHT and
PASSENGER SERVICE
"
}
via
Shanghai, and Japan
to
LOS ANGELES, PANAMA, NEW YORK, BOSTON,
PHILADELPHIA & BALTIMORE.
If sufficient inducement offers also other ports of call.
Arrivals from USA.
M.V. PETER MAERSK'
29th May
M.V. "GRETE MAERSK"
1st Jane
M.V. "FERNHILL"
Sailings to 0.8.A. 27th May
10th June
All dates are abject to alteration without notice.)
EXCELLENT ACCOMMODATION FOR PASSENGERS
41
AT MODERATE RATES.
For Freight and Passage plaaso-apply —
JEBSEN & CO.
Canton, Shameen, B.C.
Tel. 10918.
Agents Hong Kong, Pedder Building.
Tel. 28363.
11
S.S. "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 Bailing for SHANGHAI & JAPAN S.S. 'BENLAWERS” S.S. “BENMACDHUI”
For Freight and Passage apply to :-
Tel. 22523
30th May. Ist June.
W. R. LOXLEY & CO., (CHINA) LTD.
York Building. Agente:
THE BEN LINE STEAMERS, LTD.
to the extension of world trade.
an
Mr. Runciman added the discus- sions this week within the Im- perial Conference would turn on some economic questions with a direct bearing on the negotiations for
Anglo-American trade agreement and on British relations with the United States. The Minis- ter concluded his speech with an optimistic review of the condition of leading industries:- British Wireless.
Amer. Cyanainid \... 317 Amer, & For. Power Amer. & For. $7 pf. Amer. Locomotive Amer. Metals
Business Done:-840,000 shares,
Last Bois May 24 25
532
341
78
614 801, 113 111
20
Lust Bale
May 24 25
Stocks
17) 172 31 591 100
991
Đ
Humble Of
Great Northern Rly. 552 Great Western Bugat 35 Holly Sugar Corpn.
79Z
314
Int. Nickel
81
73
Int. Tel. & Tel......
48
48
45
45
11-
514 514
21
217
Int. Dept Stores Kennecott Copper Lambert Corpn....... Loew's Inc.
351
341
Lorillard
124 12 80 794 22
22
881
881
Mcintyre Porcupine
547
McKesson & Robbins 443
453
Monsanto Chemical, 90
Montgomery Ward 51
47
481" - 1881
781
Amer. Steel Fdxtes. 56 Amer. Sugar Amer. Tel, & Tel... 168 Amer, Tobacco "B" 80
181 Amer. Waterworks... 187 Anaconda Copper... 541 541 Atchison. T. & S. Fe. 871831 Atlantic Refining 29 291 Atlas Corpn. .... 151 15
25 Auburn Mators Baldwin Locomotive
$7. cum. pf........ 961 Baltimore & Ohio... 331 Barnsdall On
Bendix Aviation ...... Bethlehem Steel Boeing Airplane Borden Ca..................... Briggs Mfacturing 441 Brooklyn-Manhattan
Trans
Brooklyn-Mannattan
$8 cum, pf. Case, J.I. Canadian Pacific Celanese Corpp." of
America Cerro de Pasco Certain-Teed P'ducts Chesapeake Corpn. Chesapeake & Ohio 58 114 Chrysler Corpn. Columbia Gas & El 12.. Columbia 6% "A" pt. 871 Commercial Credit 63 Commercial Solvents 14 Commonwealth & S 23 Commonwealth $8
201 67
904*
51
Murray Corpn. ................. 123 124 Nat Cash Registor 344 Nat Dairy Products 231 223 Nat Distillers
31
Republic Steel..........
Reynolds Tobac, "B" 501
**õï e ¤ ¤ as¤ ¤ ¤ 38:380*** ******* ** **** ********** (8*8*££*£¤ • 18 •* ⠀⠀ -
13
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
FASTEST TIME
ACROSS THE PACIFIO
HONG KONG
ΤΟ
SAN FRANCISCO 15 DAYS
S.S. PRESIDENT COOLIDGE
Sailing MIDNIGHT, JUNE 3rd
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE ✰
12, Fedder Building, Hong Kong, CANTON BRANCH-21, French Concession, Shameen
BURNS PHILP LINE M.V. “NEPTUNA”
Due 27th May.
241
Nat Power & Light 08 New York Central Niagara Hudson P.
461
451
Corpo
941
North American
13 123 25
25
317
26
27
Northern Pacific ... Pacific Gas & Elec. 297 Pacific Lighting
341
331
291
45
441
87
861
38
35
Packard Motors ...... .91 91 Paramount
197 193
241
242
Pennsylvania R.R..
44
43
43
Phelps Dodge
Philips Petroleum
501..
561
28+ .274
Public Service of N.J.
41
41
Pullman Inc.
TA
77.
Ar
Pure Ol
181 19
165 13
159 *
Radio Corpn. of Am.
120
371
351
50
397
384
687 65
164
161
St. Joseph Lead Co. „Schenley
42
417
Schenley 54% pf. ...
942
94 *
8)
78+
Sears Roebuck
871 - 86
50
Shell Union Oil
291
291
111+ 12
Socony-Vacuum
191
187
87 62 14
21
Southern Cal Edison Southern Pacific
251
247
391
381
53
cum. pf........ Consolidated Edison 37 Consolidated "Oll Continental Oll
....514 1 36
Southern Rly 5% pf. 501 Stand Brands ..........
123 Stand Gas & Elec. 74 Stand Gas & Elec:
481
123
24
40
463
152
157
Standard Oil of N.J. 673
661
432
431
Sterling Producta ... 65+
65
Corn. Products ................ Curtiss Wright (0.),
61
621
Swift International 311
303
54
51
Technicolor
291
29+
Curtiss Weight = "A"
181
187
Texas Gulf Bulphur 38
377
Delaware & Hudson
191
184
Tidewater Assoc. Oil 171
17
Del. Lackawanna &
133
131
Timken Detroit Axle 231 222 Transamerica
***
131 13
Western
Distillers Corpn Sea.
22
21
20th Cent. For Filma 374 -- 371 20th Cent. Fox Films
grams
551
537
pf:
471 482
Douglas Aircraft
161
150
Un. Carbide & Car-
Du Pont
101
102
bon
100% 1001
Electric Boat
171
161
Un. Pacific
142 ....... 1433
Elec. Bond & Share
United Aircraft
254 254
-First Class Fare to Sydney:
Single: £47.10.01,
Passenger & Freight Agents:—
Return: £76.-0-0.
Elec. Bord & Share 61
601
Un, Airline Trans-
$5 pf.......
Dort ......evante 101
16*
71
United Corp. ****
41
42
17
16
67
347
347
United Corpn. 33
cum pi..... Un. Gas Iprovem't 13 Un. Light & "power
381
381
127
Nippon Yusen Kaisha
King's Building.
were
Firestone Tire & R pilatote (en, Asphalt ....... Gen. Cigar .... Gen. Mectric Gen. Foods Gen. Motors
6
32
31
US, Industrial Alco-
(!
CONSIGNEE NOTICES.
401*
401
bol
54 532
U8. Rubber
342
591 58
34
NOTICE TO CONSIGNEES
573 50+
45
441
US Rubber #3 pf. 85j UB, Steel ...erintem. 101] Vanadium
851
971
287
28
Gen. Railway Signa! Gillette Safety Razor 22 Glidden -Gold Dust
221
Warner Bros Pict 131 Westinghouse - Dec. 2401
F
Youngstown Sheet
4:0
Goodrich (BF.).
441
434
Goodrich-35 pt. Good rear
20.
81
301
38
& Tube ..********* 861 Chase National Ek 591 National Oity Bank 471 47%* Call Money
134 1371 ·
85 531*
i ez. div.
1% 1% Bid
THE EXCHANGE
MARKET
MESSRS. ROZA BROS.
Hong Kong, May 26. Silver prices rose 1/8 yesterday for both deliveries, the quotations Fbeing 20 3/8 for Ready and 20 7/16 for Forward. Silver advices rc- ported India and speculators as
Offerings having bought. rather small The market closed steady. After the official Axing the market reacted and business was done at 1/16 lower than the quoted rates owing to Indian re- sales. Buyers were reserved. Ame rican Bliver was quoted at 45 for Spot.
crois,
The London-New York rate was quoted at 494.27. New York-London was lower at 494 5/32
11
MARKET Quiet, the undertone appeared steadier.
STERLING Business was done at 1/2 27/32
Elec. Bond & Share 692
$6 pf....... Elec Power & Light Elec Power & Light 671
$7 pt.
FORD AND
for December, November and oc- EXPORT TRADE
40 *
PASSENGER & FREIGHT SERVICE TO AUSTRALIA
Sailing Monday, 31st May
for Saigon, Manila, Sandakan, Salamaną, Rabau), Sydney & Melbourne.
GIBB, LIVINGSTON & CO., LTD. Telephone No. 28031.
P.&O. Building. Joint Passenger. Agents :—
NOTICE TO CONSIGNEES
OCEAN STEAM SHIP CO, LTD.
AND
CHINA MUTUAL STEAMTM NAVIGATION CO., LTD.
YONSIGNEES per Co.'s Venusi
** AENEAS**
FROM UNITED KINGDOM:
VIA SINGAPORE
OCEAN STEAM SHIP ̈ CO, LTD. ATD OBINA MUTUAL" STEAM NAVIGATION CO., LTD.
MONSIGNEES per Co's Vessel
"ANTILOCHUR"
FROM UNITED KINGDOM AD CONTINENTAL PORTS VIA
SINGAPORE.
24th
are bereby notified thay thếly Cargo Will .be discharged into Holt' are hereby notified that their Cargo Wharf, Kowloon, where it will be at Dagenham might be classified as ill be discharged into Holt's Consigne' risk and avbject Terms a "port" of real commercial im- Wharf, Kowloon, where it will lie and Conditions of Storage as How's portance, as, from it, Ford Cars Terms and Conditions of Storage at Delivery from Godown on and after
at Consigneen' risk and subject to Wharf. The Cargo will be
ready for and Fordson Tricks and Tractors Holt's Wharf. The Cargo will be 'tober. The market closed with
May Options Cargo will not be landed here and their parts are shipped to ready for Delivery from Godown o sellers at 1/2 13/18 May-October and probably 1/2 27/32 November-
unless Felice so bein given phor to Degenham, on the Thames in practically every corner of the and after and May.
Optional ion has been given prior
will not be landed Steamer's rival, but carried on from December, buyers at 1/2 27/32 Essex, is one of the busiest sections world. Despite the fact that many heres unles May-August and 1/2 7/8 for de hundreds of thousands of tons of is on their own wheels, the tim-port to port to the fins port of call
of this world-famous river. Here, vebicies are exported boxed, that to Verd's arrival, but carried on From Part to port to the final port of call to
which the option
artezda All broken, shafed and damaged floods 11veries further forward.
Imports and exporte are handled her, nalls etc. purchased by the to which the option extends.
are to be left in the Godowns, where U.S. DOLLARS
with an ease and dispatch which company for packing vehicles rubare to be left in the Godowns, where they and Fridays betwem the hours of All broken, ohaled sad damaged Goods they will be examined on any Tuesdays Business was done at 30.1/2 for
into enormous figures. July delivery. The market closed amazes the onlooker.
10,45 will be examined on any Tuesdays and
od Now within the Fres At the 1800-foot long jetty. Inside the Works in the Export Fridays between the hours of 10.45 DAJE with sellers at 30 1/2 May-July which, Ford Motor Company Ltd. section can be found miles of con- and Noor within the Fres Storage period. Inge period,
Bio Calm, will be admitted aliqr, the and 30 7/16 August-October, buyers has built at Dagenham, accom-veyors to eliminate lifting and
No Claims will be admitted after the goods are left the Steamer Godawa, at 30 9/10 Cash-August and 30-1/2.
modation can be found for 12,000 handling. Becauses of the simpli-
Goods have left the essel's Godown and all: Goods remaining undelivered September-October.
tonecran going vessels. Hera SHANGHAI DOLLARS
Rent
the 29th May, will be subject to to Reak
All Olaizin against the Bloomer, i All Claims against the Vessel mut be proved to the Undersigned an or be presented to the Undersigned on or before the 14th June, or they will before the 13th June or they will not set be neognised. be recognised.
No Fire Insurance will be wffected.
BUTTERFJELD & SWIRK
Agusta
A small business was reported also, are two electrical unloadened system used a "car can be / and all Goods remaining... undelivered | after the "Best May wii kasumbject boxed in 20 minutes and a tractor at 102-3/16 for cash. There were unique in Europe, which are cap crated in 15 minutes. Overhead small sellers at 102 3/16, buyers at able of handling coal, iron, and cranes carry the boxes and crates or umestone at the rate of 600 tons to railway trucks on which they are shunted to the Jetty for load- ing direct into steamers or on to of Sterling at 1/2 1/2 buyers at sellers at 20 7/8, buyers at 29 29/32 barges for the various London
Docks. 1/2 35/64 for casti. 1.8. Dollars, for Epok
102 1/4 for cash.
... SHANGHAI MARKET Unchanged. There were sellers
per hour.
22nd May, 1937.-
No Fre Lupuranew" will be oftested
BUTTERFIELD & SFIRE...
14th May, 1937;-
16809