10
A RIOT FROM START TO FINISHI
Madame Racketeer. Back Again With a New Case of Gig- gle-Water and Laugh- Soup!..
THE HONGKONG TELEGRAPH. THURSDAY, JUNE
LONDON STOCK NEW YORK STOCK SHANGHAI RUBBER
PRICES
EXCHANGE
MARKET IRREGULAR YESTERDAY'S MARKET
The following quotations on the London Stock Exchange have been recolved by Messrs. Swan, Culbertson and Fritz in conjunction with Reuter. The market: International istuos rule weak. Other sections are irre- gular,
Chinese Bonds
Juno 20. 46 Bonds 1808
(Eng. In.). £100
A LADY'S
with
PROFESSION AUSON SKIPWORTH ROLAND YOUNG SARI MARITZA
QUEEN'S
Riyad
5% Tient.-Pukow Railway (Supt. (Loan)
5% S'hal-Hang- chow. Ningpo Rly,
Be Honan Ryny,
6 Hukuang
1011
5% Lung Taing U.
£77-82
COMING SHORTLY.
1
........
Sterling
Loan 1007 £80 £ 80% Japan 6% Sterling
£ 90% £00%. Industrials & Breweries
STEADY
shares. The
According to Messrs. Swan, Cul- bertson and Fritz, the New York market was steady yesterday. Busi nonя done 3,800,000 Wall Street Journal reports:-After an irregular and dull day the market rallied near the close due to London reports that the U.S. dollar might the ba pegged at around 4.40 to
electri. pound. Favourable steel and city news also helped to stimulate the
that
Juno
SHARES
"Messrs. Benjamin and Polts have received the following Rubber share
quotations from Shanghai.
June 14,
$6.00
Anglo Javas
Anglo Dutch Batu Anantn Chemora
Jung 21.
$4.80
2.60
.30
2.90 .30
.85
Consolidateds
1.00
1.60
Kroowocks
.41
.40
Ropahs
.04
06
5%
Rly
June 21.
£100% £ 82% 4 Loan 1908. £ 83
Loan 1012.. £ 584 £ 67
Roorg. Loan 1013 (Lan. Inn.) £ 84% £85 65% Bonds 1925-470744 £ 97 5% Shal.-Nanking
£ 95–30
"Tanah Merahs
.94
.05
Tehongs
.10
146
Zlangbes
5.25
0.20
£ 35-39
6% Tient.-Pukow
12-22 £ 14-20
£ 0-10
£ 201⁄4
£ 77-82 £ 7-10
£ 20%
Hai Rly, 1919. £ 10-15 £ 10-15 Foreign Bonds and Banks
Gorman 7%
Internat. Loan
1024
70
70%
market. The Ironago Magazine - Corn Producta ............. -port that the primary cause of demand Douglas Aircraft .. la the piling up of releases against Drug Inc. ................... low-priced second quarter contracts Du Pont de Nemours 78% as June 30th deadline approaches. Eastman Kodak ... Persistence
Bond dement of heavy retail automobile Electric £ 15-26 £10-22
Sharo surprising oven the auto trade. Indications, pro automobile output will exceed that of General Foods
of General Electric May with the movement of steel to General Motors... the auto industry continuing at the General Railway present paco through most of July.
Signal Cable recolved this morning from Gold Dust Swan, Culbertson & Fritz, New York. Goodyear
with "Most stocks moved narrowly
Rubber oile strong. Further strength in olls,
International motors and harvester issues expected.
Cement Colton:
Har- London developments in International
veater dicating the Government's determina. tion to allow no interference in International Nickel 17% highest commodity price programme International Tel. & and claims of unexpected response In
74%
75%
10
10
0434
6436
81
70 80%
36%
35%
20%
24
.86%
36%
27
27*%
23
34
2234
2314
Tiro
.35
30%
35%
33
10
30%
1734
Tel.
17%
1774
Japan
Loan 1924
Associated Elec.
Industries
17/--
Brit.-Amer, Tob..
106/-
16/0 104/4%
the Western Cotton belt to the cotton Johns Manville curtallment plan is increasing con- Kennecott Copper. fidence in higher price levels. The Lehman Corporation 70% market was quiet but a cat. Liggett & Myers Wheat advanced on insufficient ralas and severe crop losses already sus- tained in the U.S. Northwest and Canada.
514
19%
61% 19% 69
Loew's Inc. Lorillard P.
13 21% 221
03 22
2244
Chinese Eng. &
Dow Jones averages:
Min.
3478
33/0
June 20 June 21
& P.
J. & Conta
60/0.
57/8
30 Industrinis
05.23
05.01
Montgomery Ward 20% National City Bank 38% New York Central. 8834 North American Co. 321⁄4'
2314
334
30% 32
33/7
34/-
20 Ralls
44.22
44.39
Pacife
Gos &
58/3 58/-
20 Utilities
36.08
34.96
Electric
28%
28%
Dunlop Rubber
30/130/-
40 Bonds
84.70
81.78
Pennsylvania Rail-
Everrendy
27/- 27/-
Allied Chemical &
road
2814
284
General Elec.
43/
4276
Dye
1152
116
Phillips Petroleum
14%
15%
Guinness
80/3
89/3
Allis Chalmers
1944
19%
Public Service of
Impl. Chem. In
American Can.....
9274
923%
N.I
NJ.
52
5215
dustries
26/10
25/10%
American & Foreign
Reynolds Tobacco
Impl. Tobacco
100/-
100/-
Power
10%
184
4434
447%
Amer. & For. Pow.
International Tea
37
36
Seara Roebuck
84%
844
Stores
28/6
28/6
American Metni ...
183
· 1774
Shell Union
+གས
8
$ 21
American Smelting
934
34
Simmona
Turner & Newall
20/74 29/3
Unilever
20/74 20/44 27/0 27/0
American Tel.
Company 17%
Sacony-Vacuum
127
127
Corporation
1214
Miscellaneous
American Tobacco
"B"
Southern Cal. Edison 25
13 24時
88
88%%
Standard Gas
Anglo-Dutch
Burian Corpn.
14/6 14/9 14/A 13/10
American Water-
Electric
10
10%
works
3714
.38
Canadian Pacifie
Rly.
Anaconda Copper
Standard Oil Co. of
10%
1036
NJ.
87%
88
171
17
$ 20% $ 10%
Texas Corporation
227
2374
04.
Gula Kalumpong
0-434
Texas Gulf Sulphur 28%
20%
22
14/0
14/0
2254
Union Carbide
&
Trepca Mines
13/-
12/7
3444 364
Carbon
40
39%%
Lo
aglaagto
Borden Company ..
34%
341⁄2
Unton Pacific
114
118
Estates
27/0
27/0
Borg Warner....
184.
18%
United Aircraft &
London Tin
13/3 13/3
Canadian Pacific
Trans.
32%
32
Rubber Trusts
19/0 19/3
Railway
16%
10%
Shai. Elec. Constr.
63/6 53/0
Case, J.1.
82%
80
United Gas Im-
United Corporation 12%
12%
Van Ryn Deep ..
Chase National Bank 31.
31/
01/3
30/7
provement
22-%%
Chesapeake Cor-
U.S. Rubber
13/4-
37/6
37/0
poration
.30%
39
U.S. Steel
60%
2214 14% 50%
Chrysler
314
12 -
Universal Leat
68/0 08/0
Columbin Gas
Tobacco
47%
45
€ 20/
£ 20
&
Electric....
25
24
Westinghouse E. &
Consolidated Gas of
M.
47
GO/
50/-
New York
6044
68
Woolworth
44
401 44
Courtaulds
Distillers
Internat. Nickel, . $ 21%
Pinchin Johnson
Rubber
Walking is always a come-
down for members of the rising
generation.
Anglo-Peratan Oil Burmah Oll Royal Dutch
Shell Trans
Trail.
Atlas Corporation
Auburn Automobiles
Baltimore & Ohio Bethlehem Steel
*
174
1933.
HOW THE DEATH DUTIES CRIPPLE INDUSTRY
(Continued from Page 6.) employees. The effect is felt equally In cottage and castle.
Death duties sometimes swallow up the whole of the capital in a business, which thereupon ceases to be a profit earning-and, consequently, tax-pay. ing--concern. Employees are thrown out of work and a national asset is
COTTON, WHEAT AND SILVER
December January March
0.62-0.80 0.70-9,70 1.06-9.00, 0.75-0.76 0.89-0.83 0.01-0.02
May
0.09-9.99 10.00-10.97
Spot
0.40
Wheat
LATEST NEW *YORK
Chicago Winnipeg
QUOTATIONS
July
77%%%
67%
September
8012
60%
82%
TOT
Silver
Mosers. Swan, Culbertson and Frits October have received the following quota- December tlens on the New York cotton and wheat and allver exchange for yaster- day.
put out of commission. This point is July, well illustrated
the case of a by
prin October cipal partner who hold £500,000 of the capital in a
a manufacturing firm. When ho
died
the capital of the firm was diminished by £150,000 and its profit-carning and tax-produc- ing capacity reduced by more than
30
per cent. Such a business would bo' unlikely to recover from the shock in theso times when the most amuent concerns find it difcult to mako hendway.
When the ownership of an estate in transferred by death more than once during a brief period the effects are | even more severe, even although some relief from the duties is given in such etrcumstances, The following exam- ple will emphasise this:-.
VALUE HALVED.
The owner of a business with aj capital of £120,000 died in 1926, and was succeeded by his son John, whol dled in 1927. John left the business to his brother, who died last year. On passing by will into the hands of an employee the capital of £120,000 has become only £00,000 owing to death duties, and the business will probably cease to exist through its impoverishment.
A man who held £1,000,000 of thef capital of a firm died in 1926 and left his interest, to his son, who died vo years later. Instead of being a millionaire the grandson of the first [ proprietor succeeded to only £150,000 na a consequence of heavy death chuttes.
When the duties payable on death were repeated in Italy, the Italian | Minister of Finance said that the Government belleved that the In- medinto loss to the Treasury would be more than compensated not only by the performance of an act of justice but by a real general increase in prosperity. If the present financial situation in this country renders the actual repeal of the death duties im- possible, it is high time that the rates of duty were reduced and more liberal reliefs granted where estates change hands through death more than once during a short space of time.
One man was drowned and several hundred people marooned by a cloud- burst near Liverpool It rained an inch and a half in half an hour. At one railway station the approaches were submerged to a depth of four feat. A middle-aged
at- cyclist, tempting to ride through the food, when his machine struck an obstacle in the deepest part of the water, was thrown off and drowned."
Closing
Cotton.
Opening Rango
Rango
0.10-0.18 0.27-9.28
9.40-0.45 0.54-9.55
July September December
86.50
36,00
$0.00
2,800,000. ozs.
Total sales for the day:-
0,925,000 ozs.
(157 Contracts) (112 Contracts)
FERGUSON.
FASHION FABRICS
COTTON VOILES
PRINTED
ART SILK
NOVELTIES
PRINTED COTTON
CAMBRICS
When searching the shops for fine Fabrics, ask to be shown the lovely things that come from Ferguson's.
Obtainable At:-
ALL LEADING DRAPERY ESTABLISHMENTS.
by
GLADYS PARKER.
REG. U. D. PAT, OFF.
WHEEE!
OH BOY
IS THIS FUN
I DON'T CARE IF YOU DID PROMISE MARY~ YOU CAN'T
GO UNTIL YOU SCRUB
THAT FLOOR;
·FOR ME-
I TOLD
YOU ABOUT
IT YESTERDAY
FORGOT
HELLO-MARY ?.
WILL YOU MEET ME (OVER HERE, INSTEAD OF AT YOUR HOUSE,TO GO
ROLLER SKATING?
YES – RIGHT AWAY!
WHAT
ON
EARTH
HELLO, MAMMY. WANT TO JOIN
US?
© 1933 DY
NEA BERVICE INO.
GLADYS PARKER.