1937-04-16 — Page 16

PRESIDENT LINERS

are

LUXURY LINERS

Famed for a Splendid Cuisine

TO SAN FRANCISCO LOS ANGELES, NEW YORK. AND BOSTON

Via Shanghai, Kobe, Yokohama and Honolulu Prés. Coolidge ..3.00 a.m. Apr. 20 Pres.Taft .....8.00 a.m. Apr. 21 Pres. Hoover ..Noon May 1 Pres. Lincoln .....8.00 a.m. May 19 Pres. Coolidge Noon June 3 Pres. Wilson ..9.00 a.m. June 16

EUROPE, NEW YORK AND BOSTON Via Manila, Singapore, Colombo, Bombay, Suez, Port Said, Naples, Genoa and Marseilles

Pres. Polk .............8.00 a.m. Apr. 25. Pres. Pierce .... 8.00 a.m. May 9 Pres. Van Buren 8.00 a.m. May 23 Pres. Garfield ..8,00 a.m. June 6 Pres. Hayes ..8.00 a.m., June 20 Pres. Monroe ...8.00 a.m. July 4

TO SEATTLE, VICTORIA "THE EXPRESS ROUTE”

Via Shanghai, Kobe and Yokohama

Pres. Jefferson Midnight Apr. 23 Pres. McKinley..Midnight May 7 Pres. Grant..... .Midnight May 21 Pres. Jackson ..Midnight June 4 Pres. Jefferson Midnight June 18 Pres. McKinley ..Midnight July 2

TO MANILA THE MOST FREQUENT SERVICE

NEXT SAILINGS ·

Pres. Jefferson .6.00 p.m. Apr. 17 Pres. Hoover ..9.00 p.m. Apr. 23 Pres. Polk .......8.00 p.m. Apr. 25 Pres. McKinley ..6.00 pm May 1 Pres. Pierce 8.00 a. May 9 Pres.. Lincoln

Midnight May 11

BOLLAR STEAMSHIP LINES AMERICAN MAIL LINE

SUJEN

RAILWAY

8 DAYS

10 DAYS

5 DAYS

GoEMPRESS to America, Europe

Hong Empress Kong

of

Shang- Naga

Leave

hai

Arrive

saki

Leave

Kobe

Toko- hama

Japan

April 16 April 18

May

Van-

THE CHINA MAIL, APRIL 16, 1937.、

NATIONAL CITY BANK'S "GREAT EXPECTATIONS"

Rise In Commodities One of the most important develop-

"The

1936 has closed with optimistic expectations for the coming business at the highest level since the year." depression began, and 1937 opens with great expectations.

This is an extract from the survey, ments of 1936, the review, says, · un- of economic conditions in United States questionably was the rise in staple by the National City Bank of New commodity prices and the rise is ex- York from a copy of the review,

pected to continue in. 1937, The, ad-

There are few industries in America, vance in farm products and other raw and in fact few sections of the world materials during the 12 months has in which conditions have not shown a averaged around 25 per cent., and this pronounced improvement, the review is a world rise, in terms of all curren- declares. Steel and automobile output cies and of gold as well. Farmers and have both been greater than in any other producers of raw materials, will year except 1928-29, the review points have the first benefit, for they will re- out and adds that during recent weeksceive higher prices, and also will prob- steel mill operations at almost 80 per ably be able to sell more; but the re- cent. of capacity have been the largest sulting increase in purchasing power, on record at this season of the year. if not absorbed by rises in industrial Raw Materials Demand & prices and costs, will flow around the "Compared with 1935, the increase circle, creating business for everyone. in industrial production during 1936 The recovery prosperity is not con- has averaged 15 per cent. Railway fined to America alone, and the report freight loadings and electric power emphasises that "this will apply not consumption rose · approximately as only in the United States, but even much, and the latter set an all-time more in some countries abroad. In the countries whose chief occupation is the high record.”

It was found that demand for raw production of primary commodities a materials has increased greatly and price recovery has represented the only prices have advanced rapidly: In the practicable road out of their difficulties, coal field, bituminous coal production and 1937 opens with bright prospects. in 1936 was 16 per cent, and copper "The rubber producers of Malaya and deliveries 50 per cent. over 1935.

the Netherlands East Indies are re-

Nor was the general increase in pro-ceiving 21-cents for their rubber as duction in America confined wholly to compared with 13 cents a year ago and internal industries. Imports of rub-2 cents' in 1932 and their shipments ber, wool and other industries materials will increase substantially in the frat as well as foods from abroad were half of 1937. larger. Exports of manufactured goods rose 16 per cent. Total domestic retail trade expanded during the year by an estimated 14 per cent...

Employment and payrolls are stantially greater, the Bank- relates, and the earnings of both agriculture and the industries are better. Property values of all kinds have advanced. Long delayed replacements in industries are underway.

sub-

BARGAINING GAME GOES ON

Demands At Sugar Conference

The

London, To-day.

of

of

Further Gains "Moreover," the review relates, "these evidences of ... recovery supply

negotiating committee proof that the maladjustments which the International Sugar Conference caused and prolonged the depression are being overcome, And that the yesterday saw the delegations changes required to adapt business so Peru, China, Russia, South Africa, that it can go ahead under new condi- Australia and the British Colonies. tions are being made. The progress of the past year has been not only in en- larging the volume of business, but in improving economic conditions so that |further gains can be achieved.”

The committee has now *Seen most of the delegations, whose de-

mands considerably exceed the es- timated free market.

is

For four years the economic system Further bargaining between the of America gradually has been read- Justing itself but in that period short committee and the delegations crops have wiped out the accumulated therefore considered inevitable. surpluses of farm products and farm Reuter.

income has been restored to such effect NEW INDUSTRIAL USES that farmers of America, according to The committee entrusted with the the Bureau of Agricultural Economics, study of general questions has con- have had in 1936 the highest real pur-

In the industries endless technical sugar, and to the question of fiscal progress has been made, permitting duties.

May 4them, while paying higher wages to The group of experts instructed. May 17 set prices which would sell goods; and by the bureau to prepare texts re-

the wear and tear of the depression

chasing power in 13 years; this of tinued to exchange views relating course does not refer to income stated more particularly to the question of in dollars, which was below 1929, but sugar substitutes, the problem of Honolulu conver is after allowing for the greater buy-finding new industrial uses for

Victoria ing power of the dollar. Leave Leave Leave Arrive

April 21. April 23 April 29

Asia April 30 May 2

May 6 May Canada May 14 May 16

May 19 May 21 May 28 Russia May 28 May 30 June. 1 June 3 June 5 June 12 Japan June 11 June 13

June 16 June 18 June 24 Asia June 25 June 27 JuneTM 29~~July 1 July 3 Canada July 9 July 11

July

14 July 16 July 23 July 28 Russia - - July 23 July 25 · July 27 July 29- July 31 ----

Aug.:--: 9 Japan Aug. 6 Aug. 8

Aug. 11 · Ang. 19 Aug. 19 Aug. 24

Air-conditioned sleeping, all Trans-continental trainš

Comfortable.

June

2 and unsatisfied wants have built up delating to the composition and work- |ferred needs which require increased ing such permanent body as may June 18 manufacturing activity and greater be established under the interna- June 29 consumption of raw materials as the tional convention to be concluded,

recovery makes headway. The Bank ~July 12 review, adds "This is the basis of the met for the first time this morn- ing. Its work will occupy it for several

British Wireless.

observation and dining cars on

Cool Quiet Clean

Regular sailings from Canadian Atlantic ports to United Kingdom & Europe by Canadian Pacific Atlantic fleet.

Information from Passenger & Freight Offices

Union Building, Hong Kong

Telephones: Passenger 20152-Freight 20042.

Canton Agente, Jardine Matheson &

Ltd.

Canadian Pacific

LOCAL DOLLAR

London Silver Prices

The dollar opened on demand yesterday at 1/2-27/32.

Singapore Raw Rubber

Messrs. H. E. Joseph & Co., have- received the following quotations "Spot" silver was quoted at 20-from Singapore in Straits Currency 13/16 and “forward," at 20-13/16. for Raw Rubber:

The London on New York cross- ráte was quoted at £-U.S.$4.90 Spot 13/16 and the New York on London May/June July/Sept. cross-rate at 4.90–778

Oct / Dee.

RICE SITUATION IN KWANGTUNG

Market: Steadier.

Buyers

.37% Down 1⁄2-

.37% do

Yo 5/%

37% do .37% do:

Anglo-German Treaty Extended To Colonies

Berlin, To-day.

Mr. T.. K. Ching, China's Vice- Minister of Industry, will arrive in Hong Kong to-day in the Conte In accordance with the wishes Rosso. Mr. Ching is bound for of the British Government, the Canton to study the rice situation Anglo-German trade and shipping in Kwangtung and will leave by the treaty of December, 1924, has been noon train immediately after his ar extended to Kenya Colony and rival.

[Uganda.—Trans Ocean.