STOCK EXCHANGE BATTLE
(Continued from Page 1.)
ations Intended to influence market
SURPLUS AHEAD
BRITISH FINANCE ON THE MEND
THE HONGKONG TELEGRAPH. SATURDAY,
London, Feb. 23. Everyone is asking what the prices and would provide some Chancellor of the Exchequer will control over the circulation of rumours and statements calculated do with the expected surplus from
to induce speculative activity,
HUGE LOANS.
has
last year.
revenue
LONDON STOCKS
PRICES
GILT-EDGED ISSUES
BUOYANT
on
SHARE PRICES
TO-DAY'S QUOTATIONS
The following is the list of local share quotations issued to-day.
Banke.
the
II.K. Banks, $1820/1825 un. HI.K. Banks, (London), £1381⁄2 n. Chartered Bank, £16 n.
Mercantile
Bank,
A.
B
n..
"The following quotations
hayo been received by Menara. Swan, Culbertson London Stock Exchange and Fritz in conjunction with Router good. Ulli Market: Generally
were particularly
5
Chinese Bonds,
Feb. 22. Feb, 23.
£102%
£ 93
£ 60%
£ 93 £ 804
40%
£ 38-42 £38-42
Mr. Noville Chamberlain, the In the meantime, Mr. Thomas B. Gay, the attorney for the Now Chancellor, anilelpated a shrink-edged securities
Exchange,
of £40,000,000. boyant. York Stock
age of challenged the constitutional right The actual shrinkage, up to the of Congress to exercae any control end of last week, was only £2,500,-
(Eng. Iss.).... £1024 over the security marketa under000. But at this season the week-14 Bonda 1898
ly collections are always in excess 47% Loan 1908. £ 93 the Fletcher-Rayburn Bl
£ GO con- 5% Loan 1012 of out-going finances, and sequently, even allowing for un 6 Reorg Loan
of supplementary ex- 1913 (Ldn. Jan.) £ 93 A highly interesting fact was increase
6% Shal-Nanking Kathered in the course of the cross-penditure, a handsome surplus at Bunds 1925-47 £ 88%
Itly.
£60% examination of a witnean before the end of March seems assured.
Tient-Pukow 5% the Senate Banking Committer
Board of Trade returns yester-
Itty. this afternoon, when counsel for
Tient-Pukaw 5% the Committee, Mr. Ferdinand day showed that Great Britain's I adverse balance was £1,000,000,
Railway (Supl. an adverse figure of Loun) Pecora, who played such important part in recent exposures Instead of of malpractices in the realms of £50,000,000, as was the high finance, drew from the wit- | 1932. ness the admission that large cor- than porations lent $20,000,0000,000 in the New York Money Market during the boom: United Press.
mere
2122
1929
BRIGHTER TRADE
OUTLOOK
TIN QUOTA MAY BE INCREASED
London, Feb. 24. There is a fair chance of an increase in the tin output quota, stated Dr. Collin, in the Second the Chamber, according to Amsterdam correspondent of the Financial Times, who understands, that an increased quota is now under consideration by the In- ternational Tin Committee.
The matter will be discussed at a meeting in London on March 5, but as the Committee prefers to await the effect of the recent enhanced quota on stock figures before proceeding to an increase, it is doubtful if a further increase will be decided on as early as the London meeting.
The question of further United States consumption is the ruling factor-Reuter
SHIPMENT TO MEXICO.
INSTRUCTION FOR
PROCEDURE AT HONGKONG
33%
£. 23-28 £29-28 ease in 6% Shai-H'chow.
Ningpo Rly.... £ 90% £ 06 5% Henan Rly... £ 83% The visible, or merchandise ad-5% Hukuang Rly.
1911
£ 34% 34% verae balance was reduced during
Taing U. the
year by £23,000,000, and 5% Lung Taing
Hai Rly, 1918. £ 14% £ 14% receipts from invisible exports
Foreign Bonds and Banks. spite of increased by £5,000,000, in the decrease of income from ship German 75% Int.
023 924 ping and overseas investments of Japan 6% Sterling about £5,000,000.
Except for the abnormal import of Silver, there has been a small favourable balance, Improved re- Investments turns from foreign has stimulated agitation in the City against the embargo on lend- ing abroad.
Loan 1024
Loan 1907 ....77%
Japan Sto
Storling
£28 n. Mercantile Bank C., £13 East Asia Bank, 300 n.
Am: 0. Finance Corp, Sh. #20 a China O. Fin. Ord, Sh. $4 n. China O. Fin. Prof. Sh. 85 .
Insurences,
'Canton Ins., $310 n.
Union Ins., $570 a.
China Underwriters, $1% 8. China Fire, 8526 n. H.K. Fire Ins., $283 n. International Assce, S. $6.20 n. shipping.
Douglas, $36 b. H.K. Steamboats, $12 n. Indo-Chinas, (Pref.). $30 a. Indo-Chinas, (Def.), $33 n. Shells (Bearer), 65/7 n. Union Waterboats, $11, n.
Minung.
Antamoka, 76 cts. n. Balatoce, $40 n. Baguio Gold, 54 eta, n.
Benguota, $40 n.
Benguet Exploration, 30 cts. n. Benguet Goldfeld, 80.cts. n. Big Wedge, 25 cta, n.
Gold Creek, 341⁄2 n.
Ipo Mining, $7 n.
Itogons, $71⁄2 n.
Kailan, 27/6 n.
Langkata (Single), $17
n.
S'hai Exporations, Sh. $4.50 11. S'hat Loane, $6 n. Raubs, $148.
Venz: Goldfelda, $6.60 n.
icka etr
יי
H.K. Wharves, $1181⁄2 b. H.K. Docks, $14 n.
£ 77%
(Bearer).
Loan 1024 £ 86% £ 85% H.K. & S'hal Bk.
£130 (Lon. Regd.) Charfi, Bk. £5 sb. £ 16
Industrials and Breweries.
Elec. Associated
Industries Brit.-Amer. Tob. Chinese Eng. and Min. (Bearer)
Cont
£138
£ 10
19/6
120/-
27/6
19/6
120/-
26/0
827- 62/3
4973
40/5
87/-
87/-
47/-
47/10%
207-
297-
Elec.
43/0
13/0
103/0
103/0
34/10%
34/1014
074
9/414
110/-
28/- 27/10%
Evo Cottons, Sh. $13
b
S'hal Cottons, Sh. $119 n. Zoong Singe, Sh. $18
n.
$ 2314
Wing On Textiles, Sh. $70 n.
Lande, Hotels, etc.
35/14 48/6
36/11⁄2 4879
railway . The continued rise in
are €1,200,000 receipts, which better since January 1 than for the same period last year, especially Courtaulds In the transport of merchandise | Distillers and coal, confirm the belief of an Dunlop Rubber
Eeverready fish. General improvement in industry.
(England) Guinness ..... Impl. Chem Ind. Der. 10/- sb. Ipl. Chem Ind.
sources Usually well-informed
of the Assert that the majority Cabinet is in favour a reduction from the income tax and restora tion of half of all wage cuts, cost-Impl. Tohacen... 119/ Ing £30,000,000.
But it must be remembered that the defence forces inevitably need replenishment.
Int. Tea Stores
b/ h, Internat. Nickel
ne par val... $.23% Pinchin
Johnson 10/- sh.
Newall Unilever ..... 25/0 25/1
Chancellor's Meanwhile, the mouth remains tightly shut. Turner & Our Own Correspondent.
INDUSTRIAL SCHEME.
COTTON DYERS' RIVALRY TO BE CURBED
of the cotton in London Tin 10/
of Commerce has received informa organisation tion from the Consul for Mexico industry, with statutory powers for Yokohama that in view of the fact majority control, was placed be-Pekin Synd. 27-
Lacayo
Conservative that Mr. Trinidad E ceased functioning as Ilonerary Consul fore a Lancashire
meeting in Rubber Trusts
Miscellaneous.
Anglo-Dutch Burma Corpn. Rs.
19/8
2076
10
14/9
1479
Canadian Pacific
Rly. $25 h. $16
$.10%
Chartd. 15/sh.
(Bearer)
2376
23/0
Gula Kalumpong
Rubber
20/-
20/6
The Hongkong General Chamber
A new scheme for
London, Feb: 23.
the
Trepen Mines...
13/0
13/10%
Langlongte
re- Estates
20/-.
207-
ah.
14/0
3/3
14/6
8/3
27/3 28/6 65/- 65/- 39/41% 30/45
DI- 0/
91/10% 02/6
11/0 11/0
£ 23% £ 2314 &
55/- 55/7 30/- .30/- 21276 212/4
has
for Mexico in Hongkong, and since members' committee
the Government has been made by the House of Commons last even Van Ryn Deep
for
a new
of Mexico, consular the clearance of bonts documents leaving Hongkong for Mexican ports may be presented consular representative in Hongkong of any country having diplomatic re- lations with Mexico.
Commercial invoices, covering ship. ments from Hongkong to Mexico do not have to be visaed and may be presented without a visa to the re- spective
Mexican Customs authorities. If, however, shipment is to be trane shipped at any port where there is B Consulate of Mexico, the commer- cial invoice covering such shipment should be presented to the latter office for certification.
from
ing.
or. sh....
S'hai Elec. Constr.
Vickers 6/8d. ench unanimously
Oils. The committee agreed to consider the scheme in Anglo-Persian-Oil-1/3-61/10 detail with a view to presenting a Burma Oil Parliamentary Bill to Mr. Run- Moxican Eagle clman, President of the Board of Trade, and to urge its adoption by the Government.
The scheme is not yet official but it represents the views of the leaders in the cotton industry.
Mex. $4 ah. Royal Dutch 100
Ah.
Shell Trane
Trad. (Benrer) Geldenhuin Crown Mines
of the
Mr. W. P. Bridge, managing
It is notified that at the expiration director of Messrs. Smedley, Lid., dyers, who explained the scheme, of three months the narcs
that reorganisation would Kam Hing Steamship Co., Ltd., and said begin with the plece dyers, which the New Zealand China Trading. Co. Lid., will, unless cause is shown, to organisation, and after them and the companies will be dissolved. others would follow.
Hongkong should apply to the Con. Were the most advanced, in the the contrary, be struck of the register |
Persons going to Mexico sulate in Yokohama for passport visa, While the Plymouth Fire Brigade was fighting a blaze in a Devonport shop, a large cat, ignoring the smoke and flames, walked into the shop. It made three visits and each tinis
brought out, n
monse.
To-day only between 50 and Go per cent. of work was available
Mr. G. B. Twemlow has been
the Botanical and Forestry Depart for the dying plants in the coun-appointed to act as Superintendent of try and the keen competition was sent during the absence on leave of developing into a war of attrition, Mr. Harold Green. which had forced on the industry dangerous economies. Research His Excellency the Governor has H.M.S. Cornwall arrived back from is being restricted and the plants appointed Mr. J.H.B. Lee to be a Police re-fit, are not being reconditioned, said Magistrato in addition to his other England this morning after
duties. Mr. Bridge--Reuter. and re-commission.
The King's Exequatur empowering Senhor Rodrigo Guilherme Alves Guerra to act as Consul for Portugal Lin นาย Hongkong
received In Majesty's signature.
DAY BY DAY NEWS IN BRIEF
WHERE ALL ARE SELFISH, THE SAGE IS NO BETTER THAN THE FOOL, AND ONLY RATHER MORE DANGER ous-Fronic..
Hls Excellency the Governur hus Tong-Do 04 nominated Mr. Kan
A ten dance will be held member of the Court of the Univer- sity of Hongkong for a period of Repulse Bay Hotel on Sunday
three years.
4.30 pan.
for
Tenders are being invited alterations to public latrine. Ningpo Street, Kowloon. The work consists of the conversion of the present
water closet system to a
flushed system.
Mr. J. H. Gelling has been appointed Deputy Registrar of Births and Deaths.
It is announced that there will be no dinner dance at the Repulse Bay nt Hotel to-night.
at
It In notified that the names of It is learned that as from March King's Studio Limited, and the Kal 1st. Dr. J. S. Dykes will be removing Tai Land and Investment Co. Ltd., to Alexandra Building, sharing rooms have been struck off the register. with Dr. E. C. Humphreys.
S. China Motors A., $2 a. 8. Choma Moure i 6N n. Provident (old), $2.60 b. Providents (now), 80 cts. b. Hongkews, Sh. $361 n.
New Engineerings, Sh. $6.60 n. Shanghai Docks, Sh. $145 n.
Cotton Mills.
H. and S. Hotels, $6.50 n.
II.K. Landa, $71 sa.
S'hai Lands, Bh, 524 n. Metropolitan Lands, Sh. $14. Humphreys, $11.20 n. H.K. Realties, $6.30 n.
Adia Reitles "A Sh. $140 n. Asia Roalties "B" 8h. 820 n. Chinese Estates, $87 n.
China Realties, Sh. $15 a. China Debenture, Sh.8187 n.
Public Utilities. Tramways, $21.80 b. und sa. Peak Trama (old), 816.90 n. Peak Trama (new), $7% n. Star Ferica (old), $941⁄2 n. Yaumati Ferries (old), $243⁄41⁄4% ± C. Lights (old), $9.80 n. C. Lights (new), $9.40 H.K. Electrics, $78 8. Macao Electricà, $234 n. Sandakan Lights, $8 n. Telophones (old), $25% sa. Telephones (new), $12.65 b. China Buses, Sh. $13.40 n. Singapore Tractions, 5/- n. Singapore Pref., 15/- n
Industrial
Malabon Sugars, $144 n. Caid: Macg, (old), Sh. 821 . Cald: Macg. (Prof.), $19 n. Canton Ices, $2 b.
Cements (old), $2.55 b.
Cements (new), $2.55 b. H.K. Nopea, $6.50 n. stores, etc.
い
Dairy Farme, $271⁄4 b. Watsons, $7%. Der A Wings, $1 0. Lane Crawforda, 84.10 n. Mackintosha, $21 b. Sinceres, $13.20 n. Wm. Powells, $1.60 n. Wing On (H.K.), $140 n.
Miscellaneous. Amusements $44 n. H.K. Entertainments, $10% 1. S.C. Enterprises, $1 n. United Theatres, Sh. 32 n. Macao "Greyhounds," $2 n. Constructions (old), $2 n. Constructions (new), 54 cts, n. B. Ind. G. & Bonda. 81% n. H.K. Govt. Loan, 6% b. prem. Wallace Harpera, 88 n.
.
EXCHANGE RATES
Paris Geneve. Borlin Helsingfor St. Onlo The prizo distribution of The names of Dr. Tai Hon-fan and Stephen's College will be held at Athens. Dr. Yang Pao-chang have been added Stanley on Saturday, March 3, at 3 Milan. Mr. to the list of medical practitioners, p.m., when Sir Henry Pollock will de
Beth are barchelors of medicine and tribute the awards. surgery of the Hongkong University.
Wah-sing and Tsang Tool, Chan Wou
charged before Yuen Hamilton, at the Central Magistracy this morning, with the theft of 35.78 from Au Ngau, à married wo- man, at Chaiwan, were sentenced six months' hard labour each. They were originally charged with armed robbery, but the chaugo was with drawn, and they pleaded guilty to the charge of larceny.
to
Buenos Aires. Shanghai. New York. Amsterdam. small-pox (one
Vienna... of diphtheria, and a case of Prague.. that the Anglican Church situated imported), one case of paratyphoid, at No. 3, Duke Street, Kowloon Tong,
It is notified for general information
་
Two
one
of савса
Feb. 22,-
77.23/32
7.004
123%
.37.11/145
.510
Feb. 23. 77.13/32
FEBRUARY 24, 1934.
RADIO BROADCAST
WEEK-END BROADCAST
DANCE MUSIC FROM THE HONGKONG HOTEL
From B. W. on a wavelength of 365 metras:
4-7.30 p.m. Chinese recorded pro-
gramme.
7.30-11.30. p.m.
gramme.
*European
7.30-8.16 p.m. Concert Itema,
pro-
8 p.m. (Local Time and Weather Report).
Orchestral-Love, Here is my Heart. Orchestral Casino Dances.
Albert Sandler and His Orchestra.
Indous (Song of gongngadko."Rimsky-
India
Korsakov). котво
Song Bolero-Les Filles de Cadix (The Maids of Cadiz) (Delibes). Madame Amolita Gaill-Curci (Bon.). Pianoforte Solo-La Campanella
(Paganini-Liszt).
Planoforte Solo Stacento Etude
(Rubinstein).
Mischa Levitzki.
Song Sea Fever (Ireland). Song-In Summertime on Bredon
(Peel).
Stuart Robertson (Bass). Pianoforte Solo-Minuette from Buite
(J. Suk, Op. 21).
Pinnoforte Sulo-Bercause
Ignaz Friedman.
8.15-9 p.m. Musical Comedy. Selection-Lido Lady (Rodgers).
Bavey Orpheans. Selection-Chu Chin Chow (Norton). The London Palladium Orchestra. Selection Casanova (J. Strauss, arr.
Henntzky),
Now Mayfair Orchestra. Selection-One Hour With You
(Robin, Whiting and Strauss).
New Mayfair Orchestra. Selection The Cat and the Fiddle
(Harbach and Kern).
New Mayfair Orchestra. 9-11.30 p.m.
A relay of the Hongkong Hotel Dance Orchestra from the Hongkong Hotel Roof Garden.
10.30 p.m. Rugby Mid-day Press NOTH
11.30 p.m. Clono Dawa.
All relays of the Hongkong Hotel Orchestras are by courtesy of the Management and during the intervala recorded music will be broadcast from the Studio.
SUNDAY'S PROGRAMME. 10.30-11.30 a.m. A relay of the Servico from the Union Church.
Preacher-The Rev. Dr. E. L. Allen.
Order of Service. Voluntary.
Hymn-"The God of Abraham
Praise
Invocation and Lord's Prayer. Hymn The Thousand Times, Ten
Thousand."
Scripture Reading.
Hymn The Lord's my Shepherd."
Prayer Anthem-"God Sends the Night,” Offertory, Offertory Prayer. Hymn "Hosanna, Loud Hosanna.
Sermon.
Hymn Josua Shall Reign.”
National Anthem.
Benediction.
11.30-12 noon. Chinese recorded
programme.
12-12.45 pm. A relay from the Hop Yat Church.”
12.45-2.30 p.m.
programme.
European recorded-
1 p.m. Local Time and Weather Report.
2.30
Op.m. Clone Down..
1.30-7 p.m. Chinese recorded music. 7-10 p.m. European programme. 7-7.28 p.m. Dance Numbers.
Fox Trot-Mother of Pearl-Ev'ry Woman Thinks She Wants to Wander.
Tango Mother of Pearl--When Any-
body Plays or Sings.
Fox Trot-I Cover the Waterfront. Fox Trot-In a Second Hand Store. Waltz Play, Fiddle Play. Tango-Tonight Give me an Hour of
Love.
Fox Trot-Learn to Croon. Fox Trot Moonstruck.
7.28-8.12 p.m. A Concert,.
8 p.m. (Local Time and Weather. Report).
Orchestral-Don Giovanni-Overture
(Mozart).
State Orchestra, Berlin, conducted by Dr. Leo Blech. Song-The Admiral's Broom (Bevan). Song-A Jovial Monk Am I ("La..
Poupee" Andran).
Peter Dawson (Bass-Baritone). Pianoforte Solo Gigue (From Fifth
French Suite) (Bach). Pianoforte Solo-Jesu, Joy of Man's
Desiring (Bach).
Blyra Hess. Song - Thais L'Amour est une vertu
rare (Massenet). Song Thais Dis-moi que je zula
Bolle (Massenet).
Karyas Beaujen (Soprano). Orchestral-Carmen--(Bizet)-
Prelude to Act 1.
15.77% Orchestral-Carmen-(Bizet)--- Entr'acte, Act 4.
Philadelphia Symphony Orchestra directed by Leopold Stokowski, 630 Instrumental Quartet in C Major
1st movement-Adagio-Allegro (Mozart).
ללטש
Capot String Quartet.
SPRING RACE MEETING
MEMBERS' TIFFIN BOXES
We are prepared to deliver Wines, Spirits, Mineral Waters, etc., to Private Boxes daily, during the forthcoming Meeting. All unconsumed stock, provided it has not been on ice will be collected free of charge and allowed for in full at the end of the Meeting.
CALDBECK MÁcgregor & co., LTD.
Prince's Building,
ice House Street.
Telephone 20075,
MODERN UPHOLSTERY OF THE FINEST QUALITY.
A RANGE OF VARIOUS DESIGNS ALWAYS ON. VIEW IN THE SHOWROOMS
OF
ARTS &
CRAFTS Ltd.
Cough
284 Song-Drake's Drum ("Songs of the
(Continued on Page 5.)
SPECIAL MATINEE
TO-MORROW
OF
BROADWAY
REVUE
PRICES $3.30, $2.20, $1.10
&:50 cts.
catarrh, respiratory troubles. what terrible tormentors! But do not despair,
'Cresival'
the proved remedy, will also help you. Give it a trial to-day and convince you walf of its excellent qualify. 'Cresival is vary palatable and stimulates the app
CRESIVAL
15.85 .22014
12.85
12.86
20434
220-2
10.00
10.90
630
68.11/16 30%
FAZL
ALL
6.08%
1/4.0/10 6.07
7.67%
SongOutward Bound ("Songs of the
Fen"-Stanford).
12216
5124
1/6%
21.85
.10.39%
10.301
.22.40
22.10
.1007
109%
1/0.3/32
1/0.3/82
434
1/2.7/32
37%
22
.6.114.
5.10%
20% 20.11/10 1024
British Wireless.
.1/%
21.03
Madrid. local health authorities on Thursday, Bucharest has been licensed by His Excellency animal rabies, were reported to the
Hongkong. Brussels.. the Governor to be a place for the celebration of marriages is pursuance
connexion Stockholm. An opening concert in of Section 3 of the Marringe. Ordin
with the Conservatorium and Mula Copenhagen ance, 1875.
Club, Kowloon Tong, will be given
Bombay.. An official notification states that in the caso of applications to pur- In is notified in the Gazette that his under the direction of Madame Lottie Lisbon
others, and chase land by sale by public auction Majesty the King having approved Gordon, naaisted by Mrs, Lyle-Wilcox Bomba next Wednesday, February Rio....
Yokohama at 0.16 p.m. The concerts to Montevideo. through the Public Works Depart the appointment of Mr. Alandair
Belgrade mont, a deposit of two hundred Duncan Tholl MacGregor, K. C., to be
in
28, P. onervatorium
Montreal.. before the same will be advertised in in succession to Sir Joseph Kemp, rooms, 190 Prince Edward Road, where the Gazette or local papers, which His Excellency the Governor has, tickets may be obtained from the
109/ deposit will be returned if the sale under instructions from the Secretary secretary, Miss B. Farnham. A meet- Silver (spot) 20
War Loan... takes place, but will be forferited if of State for the Colones, appointed ing, and a children's club concert, aro Silver (forward)..20.9/10 the applicant fails to bid the upset him to the post from the 22nd Febru- to be held at the same address next
Monday. price.
ary,
.12.7/32 ..377