1937-07-15 — Page 16

WORLD TRA

EXPANDING

The statistical Year Boo

published yesterday contains so

striking

1936-7. in connection with economic activity, unemployment, the nÜ Der of BEESOTS: work, production and trade, all showing that the improvement noted in a number of countries in 1933 had continued up to the begin- ning of the present year.

Primary production in 1986 was somewhat greater than that of 1929, which was the best year prior

to the outbreak of the world eco- U.S. LOSING GOLD

nomic crisis.

Gold production continues to in- crease and makes a new record each

year.

:

The increase last year amounted to about 12 per cent. and produc- tion itself was double that of the preceding decade...

TO EUROPE

New York, Yesterday.

Morning Wall Street Journal Comment: Foreign exchange dealers are of the opinion that the RISE IN PRODUCTION

United States is losing gold to Eur- World industrial production in

ope for the first time since the 1936 rose 16 per cent., while world Tripartite Currency Agreement be trade is also increasing, both in came effective. Traders are cau- volume and value.

tious due to the sharp market ad- As for air traffic, the number of vance of the past two weeks. It air kilometres flown in the world is rumoured that U. S. Steel will between 1931 and 1935 — for 1936 soon do some financing,~ involving no exact figures are available valuable rights to stock-holders. increased by 75 per cent.

Brokers report that both London United

The increase in economic activi-and Paris are bullish on ty is confirmed by the rise of prices States stocks. Mid-Summer sales and the greater volume of new is- of office appliances are unusually sues. Trans-Ocean.

good.

LOCAL DOLLAR

London Silver Prices

The demand rate of the Hong Kong dollar this morning 1/2-19/32.

was

sen-

Stocks: The market to-day en- countered some moderate realising and, while some early gains were reduced, the undertone remained firm in response to improved timent and a general feeling that the success of the Court. Reform Bill has been impaired by the death of Senator Robinson. The chances The London on New York cross-appear to favour further market rate was quoted at & US $4.9675 improvement and we continue to fand the New York on London cross-

believe that good grades of rate at £—U.S.$4.96-13/16,

should be held.

"Spot" silver was quoted 20 and “forward,” at 20.

at

Singapore Raw Rubberub

Messrs. H. B. Joseph and Co. have received the following quota- tions from Singapore in Straits Currency for Raw Rubber:

Spot 31-8 b. up %.

Jan./March 31-34 b. up 4. Aug/Sept. 31-% b. up 3/8. Oct./Dec. 31-% b. up 4. Market: Steady; may rise higher.

Priestina

flöyd

17

stocks.

Rubber: There has been a better dealer and factory demand. Outside interest tis negligible.

Italian Cotton

Rome, To-day. The Italian East Africa Cotton Plantation Company has just in-- creased its capital from two to 14,000,000 lire. Trans-Ocean.

NEXT SAILINGS

“Victoria

To Shanghai M.

To Italy M.V. “Victoria”

Aug-

21st Aug-

Validity 100 days

tly reduced cost allowing – 21⁄2 mont stay in Europe. Special oncessions to 1st and 2nd class travellers to London.

to Venice, Trieste, Genos and Return, $138, 488, £56.

Special Two Months Round Trip Tickets. At Reduced Rates

To BOMBAY

COLOMBO

SINGAPORE SHANGHAI

$41 18

$13

Reduced

ROUND THE WORLD-tickets-Iss betion with all the Trans-Pacific & T

#ITALIA" Line Agents - for the forth, Central and South Americanų port

THROUGH TICKETS TO LONDON 1

ic Conferen

igh and independent tickets

days Special facilities for

despatch by train of heavy baggage with liberal free allow

INTERCHANGEABLE RETURN TICKETS with the Dollar Limes on very: urable conditions."

_____ LLOYD TRIESTINO

P.O. Box 148

Addr. "Lloy

phones Nos. 82982

Canton Agents:- DODWELL & CO., LTD., Shameen.