1935-01-09 — Page 7

WORLD COTTON. PRODUCTION

3,100,000 Bales Less

Than In 1933

Washington, To-day. The world cotton production -For 1934 is now estimated at 223,000,000 bales or 200,000 bales, less than the November estimate and 8,100,000 less than the 1933 production, according to the United States Bureau of Agricul- tural Economics. Reuter.

SHANGHAI STOCK

MARKET

Market Dull After Holidays

SLUMP IN BONDS AVERTED BY GOOD BANK, CONTROL

A.O.F.C. Comment'

Shanghai, Jan. 4. After the closing of the market. which extended over: Tuesday and Wednesday of last week, the local market opened on Thursday with the holiday feeling still in evidence, and uncertainty as to the generali finance market; consequently there

was very little passing on that day. A few thousand debentures, odd lots of Shanghai Power 6 per cent, changed hands at unchanged rates, and 500 Trams "B" at 36.

The general and rubber sections of the local share market remained.

THE CHINA MAIL, WEDNESDAY, JANUARY 9, 1935TM

Le Mezettin, which starving, tubercular Antoine Wattern had to sell for 60 livres, is now in the Metropolitan Museum of Art, New.. York, and the Bovlet Government is $250,000 the richer. That is the reported price paid for the painting which has been in the Her. mitage Museum, Leningrad, since the revolution. The Soviet Govern- ment will use the money for the encouragement of Russian art.

NEW YORK STOCK

EXCHANGE

S. E. Levy And Co. And A.O.F.C. Quotations

In a state of lethargy on Friday," and it seems likely that they will The following quotations from New York have been received by Messrs.

Lost

`LOCAL NEWS

BREVITIES

The Central British School Re- vue will be staged at 5.10 p.m. to- day and to-morrow. The entrance fee will be $1.00.

continue to do so until after Chin-S. E. Levy and the American Oriental imposed on Lo Tong, an unemploy

One month's hard labour was ese New Year, unless something un-Finance Corporation. foreseen happens in the meantime.

jed, for the theft of a pair of trou-

Debentures Rre a little more

close 10.10 11.00 sers, by Mr. E L-Wynne-Jones at

Central active, but here again, the amount NY Catton-Mar 12.66 12.62 12.02 morning,

4.90% 4.90% 4.90% the

Magistracy this of business passing is far below July normal.

•

N.Y./London

136

13.34 13.90 14.85 101% 944 91%

12.76 12.74 12.75 M. Silver Mar.

54.90 54.35b 54.40b The half-session on Saturday May

55.20

54.90b passed off very quietly, with very NY Rubber Mar. 18.94

NY.Silk May 1.38 change in prices. In the general!

July

14.38 14.41 markot 500 Ewos changed hands at C. Wheat May 101%

for cash, closing with buyers the July

94% C. Corn May same price for, December, One

91% W. Wheat May 84 hundred and fifty Trams "B" at.36 and 500 at 35.50 were done, both Amer. Smelting 394

STOCKS:

transactions for cash.

Auburn

8114

38%

28% 281%

234 The debenture market Was Con Gas NY... 19% 19% 19 steady, with the exception of Shang-Du Pont.... 99. 98% 07% hal Telephones six per cent., where Elec Bond & Sh. 6%.

Government Bonds

Financial conditions exerted great influence over the Chinese Govern-

6% 1.84 334 33% 9% 9

82%

30%

29

27/

21%

21

424

COUNCIL MEETING. TO-MORROW

(Continued from Page 1)

II(a) Has the Government under consideration, and, if not, will the Government consider, the question of making Hong Kong a port of call in, connection with the reported air service between Can- ton and the United States of America.

(b) What steps, if any, have been taken with a view to linking Hong Kong with the great air routes of the world; and, if the matter is under consideration, when are such connections expected to be effected. III-Arising out of the remarka made by two unofficial members at a meeting of this Council on Sep-1 tember 27, 1934, that the advantages. of Hong Kong as a winter resort have not been sufficiently advertis- ed, will the Government state:

(a) Whether and, if so, what con sideration has been given by the Government to this matter since that meeting was held; and

(b) Whether the Government will appoint a Committee for the pur- |pose of suggesting means of giving greater publicity to such advant- ages.

Loss Of Stamp Duty To Colony

The Hon. Mr. J. P. Braga has given notice of the following ques- tions

1-Are sale and purchase con- tracts and/or debit notes for shares the Colony, but dealt in in this of all Companies operating outside

market, treated alike for purposes of stamp duty? If the reply to this question be in the negative, { what is the differentiation and on what grounds is the differentiation justified?

2. Is the Colonial Treasurer in a position to state approximately the value in Hong Kong currency of the business carried on, since January 1, 1984 to June 30, 1984,

Charged at the Kowloon Magis- tracy with having possession of 32 false 10-cent coins, and for utter ing one of them, Chong Kong, a 28-year-old unemployed, was sen 3. If the volume of the business tenced to six months' hard labour referred to in Question 2 is ascer by Mr. E.W. Hamilton. Detective- tainable, will the Honourable Mem. Sergeant Franklin, of the Yaumati ber inform the Couhell what would Police Station, prosecuted.

by brokera on exchanges outside! the Colony whose contracts and/or debit notes are exempt from stamp fduty?

have been the estimated amount of stamp fees derivable therefrom if

A pianoforte recital will be given the transactions had been liable by Madam Renee Florigny, the well- to payment of stamp fees on the known French pianist of the Phil-scale chargeable to shares of Hong harmonic Society of New York, at Kong Companies?

Gen. Motora 83% business was done at 95, showing Int. Tal & Tel.. 9% a decline of one point from pre-Loew's Inc.. $24 32% vious business done.

Mont. Ward ... 29% Nut Distillera .. 28 NY Central... 21% Standard O NJ 43% 42%

30% 39 U.S. Steel..... 30%

London Prices ment Bond Market during, the last

The following quotations from Lon- month of the year 1934. As the don were received in our office lar· One hundred and demand for money increased, bring ing about a corresponding rise in the native-interest rate, capital was diverted from its favourite invest- ment in bonds the prices of which thereupon suffered.

the Helena May Institute next

4.Is it the opinion of Govern- Monday, beginning at 9.15 p.m., ment that the operations by brokers under the distinguished patronage in Hong Kong on exchanges out of Sir Thomas Southorn, and the side the Colony do divert dealings French Consul.

in shares of local Companies; and if they do, does not the revenue thirty-six of the Colony suffer by reason of night between 5.30 pm, and 10.30 p.m. items, which included Commercial the diversion from local to foreign SILVER:-

Silver: Spot 24-9/18 (last clase), news, church relays, lectures, dance exchanges through a diminution in 24-5/16 (last recd.), % down (change). Programmes and studio concerts, stamp duty collections in respect Silver: Forward 24-11/10 (last close), were broadcast from the Z.B.W. of share contracts and/or debit 24-7/16 (last recd.), down (change). Broadcasting station during the notes?

Silver Report:-Fall of prices due to month of December.

Thanks to the good control of the banks, who released their holding Gold: 142/1 (last close), 142/- (last were issued. gradually, no heavy slump was ex-recd.), Id. down (change).

During the 5. For the benefit of the reven- America bought. Market closed steady. China and India speculative selling the same period 67 new licences ue of the Colony, has the attention of Government been directed: to the necessity for rectifying an ex-

perienced. On the other hand, London/N.Y. Selling Rate: 4.91% Before a large and appreciative isting anomaly that, while deal- speculators took advantage of mar-11/16 down (change)..

(last close), 4.90-11/16 (last recd.), audience at the Hong Kong Branch Ings in shares of local Joint Stock ket conditions and brought about| London/Paris Selling Rate: 74.09 of the English Association at the Companies are subject to stamp wide fluctuations.

(last close), 74.21 (last recd.), .12 up Helena May Institute yesterday fees, certain foreign Companies 'On the last two days of December (change). trading in the fourth week, move close). May: 6.88 (last close), 6.87 William de Morgan, the 19th cen-

Liverpool Cotton-March: 6.86 (last a striking address on the life of tion?.

afternoon, Mr. M. F. Key delivered enjoy Immunity from such taxa-

ments were ragged, being guided (last recd.) 04 up (change). chiefly by set-of orders.

Liverpool Wheat-May: 5/2% (last tury novelist who wrote his first Following the removal of Decem-close), 5/2% (last recd.), 3/8 up novel at the age of 65 years, and ber prices, the market steadied and (change).

who achieved fame both as an au London Rubber-Apr-June: (buyers) thor and a potter. climbed at a slow pace. So long as 61% (last close), 8-15/16 (last recd.), the native interest rate remains 1/16 up (change).

NATURAL DEATH

Prisoner Passes In Victoria Gaol

A verdict of death from natural

high, better prices for the bonds London Rubber-Apr-June: (sellers). A pleasant evening is promised would be difficult to obtain. Cond-6-15/16 (last close), 7-1/16 (last resd.), at the concert, arranged by Mr. J. tions however, are expected to im-up (change).

G. Charlton, at the Soldiers' and London Rubber-at noon (buyers) Sailors' Home at 9 p.m. to-day causes was returned by the inry at prove after the lunar new year. 16% (last recd.)

Among the artistes participating an inquest held into the circum- are the Rev. J. N. Lewis Bryan, stances surrounding the death of Mr. Harry Ore, Miss Elvie Yuen, Yeung Sau, aged 49 who fled in the Mr. Conrado De La Cruz, Mr. LiVictoria Gaol, hospital yesterday at Char-chi, Miss Hilda Binns, Mr. Tom 9.25 am, at the Central Magistracy Lee, Mr. L Dixon; accompanist Mr.

yesterday afternoon. J. G. Charlton.

KOMOR

KOMOR

HONG KONG

York Building Chater Road.

COMMITTED TO SESSIONS

Alleged Queen's Road Murderer

Li Sing, alias Li Ying-we was charged with the murder

Road

SUITABLE PRESENTS Lam Ming in Queep

FOR

EVERY OCCASION

on October 28 last mitted to stand his tria the nex Criminal Sessions at:

Court

giBTRCY yesterday!

Mr. EI.Wynne-Jones, sat as Coroner, and was assisted by the following jury: Mr. D. G. McAvoy (foraman), Mr. A. F. Ferreira" and Mr. Wong Mann kwong.

Chief Warder H. Barrett Bald that the deceased; prisoner No. 11206,, was admitted to prison on

November 28 and entered the pri

son hospital on December 10OT

PAULINE "Will you meet me in town this morning, George, I want to be

at the CHINA EMPORIUM' bright and early.",

GEORGE

"So you are one of those women who still believe you save money. by buying at cheap sales."

PAULINE"No, George, but I do bave money, and some jolly good savings at that when I buy from the CHINA EMPORIUM'S GREAT STOCK - TAKING SALE! They really do reduce their prices. Why not step in with me this morning and see for yourself?"

AT THE GREATEST

STOCK-TAKING

SALE

HONG KONG HAS EVER SEEN

CHINA EMPORIUM

HONG KONG'S PROGRESSIVE STORE.

After 50 years

of popularity "Three Castles

Virginia cigarettes firmly uphold their reputation of excellence.

"Three Castles

Dr. L. D. Pringle gaol, medical THE CASE FOR "TRIPE READERS

officer, testified that enadi

prison Yeung, Sau was

suffering from pulmonar

Joris and

ión to

Books And Advertising

COL CRAWSHAY-WILLIAMS" CLEVER ADVOCACY.

literature, and ther opinions People wer

And that wAS

rone,

ading.

New gooda From 50 ct