age 16
PRESIDENT LINERS
LUXURY LINERS
Famed for a Splendid Cuisine
TO SAN FRANCISCO LOS ANGELES, NEW YORK, AND BOSTON
Via Shanghai, Kobe, Yokohama and Honolulu Pres. Coolidge 10.00 a.m. Apr. 18 Pres. Taft .....8.00 a.m. Apr. 21 Pres. Hoover Noon May 1 Pres. Lincoln ...8.00 a.m. May 19 Noon June 3 Pres. Coolidge
Pres. Wilson .9.00 a.m. June 16
EUROPE, NEW YORK AND BOSTON Via Manila, Singapore, Suez, Port Colombo, Bombay,
Said, Naples, Genoa and Marseilles
Pres. Harrison .8.00 a.m. Apr. 13 Pres. Polk.....8.00 am. Apr. 25 Pres. Pierce ....... 8.00a.m. May 9 Prés. Van Buren 8.00 a.m. May 23 6 Pres. Garfield,.8.00 a.m. June Pres. Hayes ..8.00 a.m., June 20
TO SEATTLE, VICTORIA "THE EXPRESS ROUTE”
Via Shanghai, Kobe and Yokohama
Pres. Jackson.. Midnight Apr. 10 Pres. Jefferson ..Midnight Apr. 23 Pres. McKinley ..Midnight May 1 Midnight May 21 Pres. Grant
Midnight June 4 Pres. Jackson Pres. Jefferson Midnight June 18
TO MANILA THE MOST FREQUENT SERVICE
NEXT SAILINGS
Pres. Coolidge .9.00 p.m. Apr. 11 Pres. Harrison 8.00a.m. Apr. 13 Pres. Taft ....6.00 p.m. Apr. 14 Pres. Jefferson .. 6.00 p.m. Apr. 17 Pres. Hoover Pres. Polk
.9.00 p.m.. Apr. 23 1.8.00 p.in. Apr. 25
BOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
CANADIAN PACIFIC
WORLD'S · GREATEST • TRAVEL · SYSTEM
EMPRESS OF JAPAN
FOR VANCOUVER via SHANGHAI, JAPAN & HONOLULU
at NOONE
FRIDAY, APRIL 16th
EMPRESS OF ASIA
SAILS FOR VANCOUVER via SHANGHAI & JAPAN
AT NOON
FRIDAY, APRIL 30th
For Information Apply To Your Own Agent Or
Canadian Pacific
SPANS THE WORL
Tal 20752
THE CHINA MAIL, APRIL 5, 1987.
LOCAL SHARE MARKET
Following is the list of changes and enquiries in local share quota- tions this morning-
BANKS
Hong Kong Bank $1860 b. Bank of East Asia $881⁄4 b.
INSURANCES
Union In's. $632 b. China Underwriters $1% b.
SHIPPING
J
Douglases $38 b. DOCKS, WHARVES, GUDOWNS, ETC.
H. K. and K. Wharves $117 b., $118
sa.
H. K. and W. Docks $31% b., $31%
s., $31 sa.. Providents (Old) $2.20 b., $2.80 s. MINING
Raubs $13.60 b.
LANDS, HOTELS & BLDGS. Humphreys $9-b.
H. K. Realties $6 b.
PUBLIC UTILITIES
H. K. Tramways $15% s..
- Peak Trams (Old) $416 b. Peak Trams (New) $1 b. Star Ferries $88 s. China Lights (Old) $14.90_b. China Lights (New) $14.40 b., $14.60
s., $14.60 sa. F. P.
4
H. K. Electrics $60 b., $60 s. Sandakan Lights $11 b. Telephones (Old) $31% 5. Telephones (New) $13 s.
INDUSTRIALS
STORES, &C.
Dairy Farms $25% b. -
COTTON MILLS
Ewo Cottons Sh.$17 b., $17 sa. Shanghai Cottons (Old) Sh.$120
b.,
$120 sa.
Shanghai Cottons, (New): Sh.893
b.
Entertainments $4.30 b.
MISCELLANEOUS
Constructions (New). 45 cts. b.
Antamoks
Atoks
Opening B.
10a.m.
in Pesos
1.30
35
Baguio Gold
24
Balatoc Mining.
13%
Benguet Consol.
12%
Benguet Explor
13.
Big Wedge
24
Coco Grove
.57
Consolidated Mines
.034
Demonstrations:
.80
E. Mindanao
30
Gumaus G'field
.20
Ipo Gold
.25.2
I. I. L..
.84
Itogons
1,15
Masbate Consol.
..35
Min. Resources
.31
Northern Mining
.09
Paracale Gumaus
61
Salacot Mining
San. Mauricio
2.05
Suyoc Consol, United Paracales
.40 .67
LOCAL DOLLAR
London Silver Prices
LORD NUFFIELD'S NEW COMPANY
To Co-operate In State Plan
manufacture of armamenta of
all kinda is to be undertaken by Nuf- field Mechanizations, A new private company, of which Lord Nuffield is chairman.
of
The new company which has + nominal capital of £250,000 in £1 shares, is part of the co-operation. by Morris Motors organisation "in the Government's rearmament programme. The other directors will consist Messrs. Oliver Boden (managing dires- tor of Morris Motors), Wilfred Hobbs and Andrew Walsh.
will While Nuffield Mechanizations carry on the business of manufactur- ers of and dealers in armaments of all kinds, it will specialise in armour- ed tanks, cars, lorries and vessels and craft of every description, including aeroplanes.
Government's “Shadow" Scheme
It will be recalled that an assurance of Morris Motors' readiness to co- operate in the Government's rearma-. ment scheme as a whole, if not in aero engine and aircraft production, was given during the discussions between Lord. Nuffield and Lord Swinton. Secretary for Air, and the Air Minis- try over the Government's "shadow".. scheme.
of Lord Wolseley Motors, part Nuffield's motor-car organisation which was at that time incorporated in the "shadow" scheme, withdrew from it.
The future of Wolseley aero engine factory, which is part of the Wolseley plant, is now under consideration. It, is understood that an official state- ment is to be issued in a few days. The factory was purchased in 1927 by Lord Nuffield for £730,000. In October last he stated that he had spent Sa. £500,000 of his own money in equip-
ping it with the best possible plant.
Lord Nuffield is chairman of Morris Motors, which has a paid-up capital of £5,650,000 in 8,000,000 seven and a- Cumulative £1 pre- half per cent. ference and · £2,650,000 ordinary stock in 58. units. The company holds all the capital of the M.G. Car Company and Wolseley Motors.
In October last it acquired the issu ed share capital of Morris Commercial Cars and Morris Industries Exports
ompany. and the S.N. Carburetter
GERMAN PLAN TO MAKE RUBBER
It is announced in Berlin that the first factory for the production of “bung" synthetic rubber on a.com- mercial scale will be finished at the end of this year. Next spring, it is expected, Germany will be supplying part of her rubber requirements from these works, which are situated at Schoplau, between Halle and Merse- burg-
A second factory is also planned. In a few years, it is declared, Germany will be entirely independent of foreign rubber supplies.
In the current issue of "Der Vier- The dollar opened on demand this jahresplan," a fortnightly periodical devoted to the four-year-plan, Herr morning at 1/2-27/32.
Wagner, Reich Commissioner for "Spot" silver was quoted at 21 Prices, frankly discusses the possibility and “forward,” at 21.
of bringing price control in Germany The London on New York cross-to an end. He admits that "until the rate was quoted at £-U.S.$4.8975.
SALT MERCHANTS
ON STRIKE
Prices Soar In Canton Owing to the increase in the levy |for the salt revenue, salt merchants of Kwangtung have been on strike for a fortnight.
great national economic goal set up by the four-year-plan has been attain- ed, completely free development of prices is unthinkable.
"If the restrictive legislation, now in force were to be cancelled," he writes, "prices would immediately run away from wages. To secure stability, wages would have to be raised, with the final result that the vital needs of the people and the requirements of the workers could not be satisfied.
of
“It is equally impossible to say when the prices ruling on October 17, 1936- the day on which they were pegged will cease to be regarded as a basis of It is reported that Messrs. Chow comparison. The rising tendency of. Chung-ming, Lui Hoi-chau, Wong German prices, though it originated in Luk-hang and Suen Chen-yau, re the world market, could be stopped only economic tension presentatives, handed a petition to by a lessening
within. Germany.” Dr. H. H. Kung, the Finance Minis- ter, yesterday in Hong Kong, re- questing him to withdraw the man- date. It is understood that Dr. Kung promised to cable to Nanking During the strike the price of salt în Canton has risen to as high as twenty five cents per pound.
An earth tremor of considerable in- tensity occurred in the Middle-West of the United States, notably at: Detroit, Loulaville, Cincinnatti and Springfield, Illinois.
Singapore Raw Rubber
Messrs. H. B. Joseph & Co., re- ceived the following quotations from Singapore in Straits Currency for Raw Rubber:
Spot 45 b. Up %. May/June 45-%, b ́Up July/Sept. 45-3⁄41⁄2 b. Up Oct./Dec. 453⁄4% Market: Quiet!
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