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210.
THE HONGKONG
TELEGRAPH. THURSDAY, JANUARY 17, 1995.
NEW YORK STOCK EXCHANGE
MARKET FIRMER
YESTERDAY ·
The following reports on the New York stock market have been received through Monsra, Swan, Culbertson and Fritz: The Wall Strçst · Journal: reports on yesterday's markets:- Stocks ruled higher at the 'opening, then quietened and held la a range fram fractions to 2 point gains due to more orderly foreign exchange. Many IRADOR regained yesterday's losses with the exception of golds and sil- vers, which were only slightly upward. It belloved that traders have dis- counted yesterday's decline for the pro- sent and are marking time, pending the Supreme Court's decision. Bonda were dull while priers were irregular. U.S. Government jaauen were slightly downward. Stacks on the Curb Ex- change were firm. Wheat prices ruled higher. Winnipeg has announc Before negotiating please com-ed that the price pogging inaugurated TO LET-Fully furnished corner municate with Post Office Box No. yesterday will continue in effect. FLAT, four roums, 2nd fleur, Lyce- | 458, Hongkong G. P. O. moon Building, Chintham Road, over
TO LET
LARGE RODA in the Morning Post Building, suitable for ofice or lock room. Apply Manager, South Chinn Morning Post,
tanking harbour. For 7/8 months from mid-April. Write
Itox
"Hongkong Telegraph."
No. 217,
TO LET-Four newly-built modern four-roome: FLATS 128, Kennedy Bond, bathroom attached, servants' quarters, electric, gas and garage. tent moderate. Apply 130. Kennedy Brad Telephone chină,
Book this dato
CHOPIN RECITAL
BY
A. M. BOWES-SMITH On
Wednesday, February 13th at 9.15 p.m.
at the
Helena May Institute
Admission: $2 & $1
Entire Proceeds to the Hong-
kong Benevolent Society.
COUNT THE
"TELEGRAPHS"
EVERYWHERE
NOTICE.
Twenty Philippine Islands Gov ernment $1,000 bonds numbered 829 to 838, 3130, 3131, 3322 to 3324 and 14256 to 14300 are reported missing.
MISSING:
LEUNG SAU JUNG
(堆聯梁)
S. C. & F. New York office cables:- A message from Washington reports that the Legislation in prepared to continue the present status of the dol- lar, regardless of the Supreme Court'a decision. This is expected to have a regasuring effect. Business done:- 670,000 shares.
New York & Chlengo commodity re- poris received through Messrs. Swan, Culbertson & Fritz;~~
· Cottan: The easiness on rumuura of ja 12,000,000 bale allotment was quick.
Д
ly dissipated on late reports that Senator Bankhond is insisting upon 10,500,000 bale quotn. The an. nouncement will be made at 11 a.mt. on Thursday, January 17. There is persistent news reporting that 1131 International agreement on exparta in pending. Holders in the interior were reported to be refusing offers on de elines. It is rumoured that tax free allotment this year in 12,000,000 bales, bat th Government is reported to be contemplating an mportant move for the reduction of surplus cotton.
Grains Whent: The market show. ed resistance, to pressure to-day and mills were good buyers of com for cash. A private estimate that there 11". ́are 400,000,000 bushels of exportable
surplus in the Argentine, fálled, to, affect any reactionary move in buy ing as general as was the liquidation yesterday.
Age:
1 years. Heucht: Weight: 120 pounds.
Camplexion: Bark, a fairly large mole on one cheek and pimples on fuer, Sim bull.
At
Last ren leaving hone Lincoln Rend, Kowloon Tong at 4.16 *.. nn Tuesday, 16th January, wearing itu binzer and grey Aunnel trousers, black and white striped silk
and brown
mtsnem, Sponks frant unese and Shanghal dialects and English. Any information leading to (the above missing person
inform Liang Sol Wing, 4 lineoln Road, Kowloon Tong. Tel, DENTAL
THIS
powerful Gothic Typa la stocked in 3 faces - Bold, Condensod and Nowo. Readable_in_aillights, Itin popular on nows print. *** @ m UNIVERSAL-TYP'C FOUNDERS.CO. 47 Pottinger Street Hongkong.
If you are fond of DARK BEER you cannot afford to miss trying "MALTA" BEER
the Straits
a dark beer with a difference made by the Brewery that has successfully launched "ANCHOR" BEER into Settlements, FMS. Siam and Hongkong
ANALYSIS IN WEIGHT.
Extract
Phosphates AS.P205 Proteins
9.31 0.08% 0.61%
OF "MALTA" BEER an eminent physician writes:
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Try "MALTA" for a few weeks and see how quickly your own health improves.
GILMAN & CO., LTD.
Wine & Spirit Department.
Sole Agents:
Exchange Building, Ice House Street.
Phone 30986.
Rubber: Consumption In the United States for December totalled 38,682 teas, a higher figure than was expected. Prices were stendy and Přependent inrgely on the action of | sterling exchange. The position im overshadowed by the Amerlenn Gold Clasine aetfen. December consumption in the United States is bullish. Dow Jones Averages
30 Industrials
20 Units
Elsie Randolph and Jack Buchanan in "That's a Good Girl,” openiag
to-day at the King's Theatra.
COMING TO
THE
KING'S
Lestic HOWARD
Jan. 15. Jan. 16. 100.49
101.54
KO RADIO Picture
34.14
84.77
20 Utilities
17.11
17.33
10 Bonda
96.09
96.09
11 Commodity. 88.53
69.15
17 Leading Stocks
Jan. 16.
Amer. Con.
111
30%
101%
434%
Amer. Smelt
Amer, T. & T. Auburn
Сами Du Pont
fie Motors
Int. T. & T.
Metntyre...
384
Montgomery Ward
27
Nat. Distillers
N.Y. Central
18
135
105
37% 38
Secony-Vacuum
Union Pacific U.S. Steel.. West E, & M.
WEST AUSTRALIA'S PROBLEM
"¿Continued, from Pape 6.)
wine would befall the State and the people of the State by the collapse of its staple industries, that the peuple of Western Australia desire to withdraw from Federation,
"Secession will enable the Guv- ernment of Western Australia to proced with the orderly develop- ment and population of the State. That means prosperity and employ ment For the citizens of Western Australin and, later, opportunities for the advantageous settlement of Fome of Great Britain's surplus population. The economic circum- stances of Western Australia are such that all the elements will then
exist Tor her to conclude an arrangement with Great Britain for an unexampled demonstration of the mutual benefits which flow from real reciprocal trade within the Empire.
"Prosperity cannot come to this grent island Continent-with Ite area of more than three-fourths of
SWAN, CULBERTSON & FRITZ. the whole area of Europe by the
invortment bankers and brokers in securities and commodities Dolly New York and London Stock Exchange Service. Commodity Futures on the principal American marketi
Members of:
New York Cotton Exchange. Chicago Board of Trade. Commodity Exchange, Inc.
(Silver, Rubbor, Silk, Copper, Hides and Tin)." New York Coffes and Sugar Exchange. Canadian Commodity Exchange Inc.
Winnipeg Gralu Exchange.
Manila Stock Exchange.
Correspondents for Hayden, Stone & Co. Telephone: 80244, 80245, 80240. Cablo Address: Swanstock.
9. Queen's Road Central
· (Corner of Ica House Street).-
aggrandisement of a few highly Industrialised cities on the eastern seaboard, but can come only by the equal and orderly development of Australia as a whole.
"A prosperous, thriving, and well-governed Western Australia out of the Federation would be of much more advantage to Australia and to the Empire then Western Australia within the Federation, and as a result thereof financially embarrassed and placed in economic subordination
In the outstanding play of the Twentieth Century, by W. Sonier- set Mangham.
•
If you have wondered why Nature makes men slaves of women who bleedthem white, see this heart drama!
W. SOMERSET MA LIGĀui
OF HUMAN BONDAGE
Directed br
John Cromwel! A Pandro S. Berman Pr duction
BETTE DAVIS
FRANCES DEE KAY JOHNSON REGINALD DENNY
ARE YOU WEARING YOUR
OVERCOAT IN YOUR OFFICE?
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If your fingers are frozen you can't fight the depression. Don't get your business at the expense of your entertainment fund.
A safe economical portable stove will quickly make your office comfortable.
Obtainable from stores or from the sole agents: SANDER WIELER
& CO.
King's Building,
Tel. 24411
Ask for a demonstration in
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of the new double purpose Oil Stove.
DEMON
Delivered free to any part of the city Heats at your cold spots.
The position is serious and the the words in which Mr. Morgan to the other States. responsibility of the Delegates is, sums up the position:
great. But an even greater res- "The partial dissolution of the "In Western Australia the ques-ponsibility will rest upon the Federation by the 'secession' of a tion of Secession overshadows all British Parliament and the British particular State being a matter at other public questions. The
¡present Government.
within the exclusively strength and permanence of the The power of the British Parlia-jurisdiction of the Imperial Parlia Secession movement ny be said to ment to legisinto in this matter ment and beyond the power of the exlet from the inevitability
Parliament, of having boon questioned in certain Commonwealth gradualneas, and because it con- quarters, we consider it advisable State of Western Australla has the centrates the forces which.
are to point out that we have taken right of presenting the petition in roused in any British community the opinion of Mr. J. H. Morgan, question to the Imperial Parlla- by an appeal to national pride and KC., Professor of Constitutional ment." national dignity, and by a demand Law in the University of London "The Delegation has established
the
for British freedom and British and Render in Constitutional Law its offices at Savoy House, 115- justice.”
to the Inns of Court These are Strend, London, W.C.2.
NO CHANGE LIKELY IN GOLD PRICE
(Continued from Page 1.)
ovont an unfavourable decision made it necessary to obtain the immediate enactment of new logis- lation which would comply with the Supreme Court's interpretation of the Constitution, and at the same time carry out the Administr- tion's monetary policy.
MERCHANTS ASK
· MORATORIUM
PETITIONING THE GOVERNMENT
-(Special 10 “Calograph")
Shanghai, Jan. 16:
In a procedure without prece- dence here merchants yesterday economic adviser of the Bhnk of for a one year postponement of the an decided to petition the Government
Mr. Sprague, who Wag
England from 1930 to 1933, was New
mudo an adviser of President Press..
Roosevelt in the early months of the latter's administration. but | resigned in 1934 over a differenco of opinion with the President.
Year
Aettlement-United
SETTLEMENT POSTPONED
Shanghai, Jan. 17. Evidence of the critical period
Mr. Sprague added:-"I see no through which Shanghal business reason for anyone sacrificing is passing is furnished by the either securities or commodities.decision of the Amalgamated on account of the pending decision Street Unions to postpone for 12 in the case against the Baltimore months the final settlement day. & Ohio."-United Press,
ONE DAY SUSPENSION
which was fixed for February 3. In order to avert a major commer- etal and industrial crisis-Router.
New York, Jan. 16. Prominent brokers who are
PARIS SELLS DOLLARS members of the New York Stock Exchange are discussing to-
Paris, Jan. 16. night a proposal to close the Stock One Paris bank to-day sold Exchange for one day In the dollars and is believed to have event the Supreme Court decision | resumed gold shipments to New In the case of Norman C. Norman York. versus the Baltimore & Ohio Rall
The opinion is gaining ground way upholds the validity of the that no alteration of the gold Gold Clause in the railway com- price in New York will take place pany's bonds. Some brokers con- and that even if there is a de- sider that suspension for at least cision in favour of the "gold one day would be necessary in claust" by the United States order to avert a panie due to the Supreme Court conslitering the uncertainty which would be felt rights of the Administration in by many traders in east the abolishing gold payment contrnet Court's decision holds the mone-clauses in bonds, It would not tary legislation now In force mean any alteration in currency to be unconstitutionni.—United) values, Pyra
As the debtors. could not pay
GENERAL REVIEW
on the old busis fixed by the bond contracts, since the devaluation. Washington, Jan. 16. of the dollar, some means would Informed opinion expects that he found by President Roosevelt the Government's abrogation of to circumvent the decision of the the gold clause is likely to be Supreme Court if it went against sustained by the Supreme Court. the Government, it is considered.
World currency stabilisation is unlikely before the apring.
A Franco-British Security Paet in distinctly possible.
It is stated that American banks have sgeured a large portion of the, gold available, confident in the New York price remaining
Sovlet gold shipments to the stable. United States are Increasing. A much culmer view is being probably in preparation for exten- taken generally and tentative gold alve purchases here.Swan, Cut-shippunts are expected, shortly. bertson and Fritz.
Renter
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