1937-08-05 — Page 17

NEW YORK STOCK BRITISH

MARKET

SHIPBUILDING Levand СТРАНЕ BOOM

With regard to railroad ocks, there are indications of bet- prospects for a settlement of

wage dispute. Industrial is- sues continue to be in strong de- mand Steel and metal shares

HIGHEST OUTPUT FOR SEVEN YEARS

MORE THAN TOTAL OF FOUR COUNTRIES

should find market reflection as Lloyd's Register of Shipping soon as the pending uncertainties returns for the quarter ended surrounding the Wage Bill and the June 30, show another substan- railroad wage dispute are clarified. tial increase in the mercantile Anaconda Copper Corporation had tonnage under construction in a good year and these issues are United Kingdom shipyards. showing a tendency to resist inter- The present total of 1,199,973 mittent market irregularities. Bar-tons is an increase of 185,519 on ring unforeseeable foreign develop-that of the preceding quarter. It ments, severe setbacks are not an exceeds by over 40 per cent. the ticipated and the market appears figure recorded 12 months ago. to be consolidating the recent rise It is the highest quarterly total by irregular group movements. We returned since June, 1930. continue to favour leading steel, Britain is building more ton- metal, farming and merchandising nage than the aggregate now. issnes. Business done: 900,000 under construction in Germany, and Japan, the United States

the four leading coun- Cotton: The "Journal of Com-Holland- merce" estimates the cotton crop/tries abroad.

shares.

BANKS

ANK OF AT CHINA

$800,000) 300,000₫

30.000

RIS

Manager

*1005

at 15,721,000 bales and condition at During the last three months Hong 810 per cent of normal. This is the British yards began work on highest estimate so far, with the 367,698 tons of new merchant lowest by the "Cotton Digest" which vessels, an increase of 114,205 expects a yield of 14,634,000 bales. tons as compared with the pre-THE BANK OF EAST ASIA, LTD. "The average estimate of members vious

Theater.

total tonnage

Authorised – Capital now under Paid-up Capital

Prouts

of the Cotton Exchange places the crop at 15,082,000 bales. The press construction abroad, 1,682,887 Reserve and Undivide quotes President Roosevelt as op tons, is about 245,000 tons more posed to any crop loans without than the March figure. The lead- production control. The Washing ing countries are:

ton News Service sees no chance of crop control legislation during this

session of Congress, but says that

a loan is probable, not exceeding 8 cents.

Germany, 416,881 tons; Japan, 318,277 tons; US., 198,654 tons; Holland, 188,464 tons; Sweden, 138,720 tons.

Grains:-A Chicago trade paper: states that much light weight wheat

Of the world's total of 2,882,- this year necessitates materially -above normal quantities per barrel 860 tons now in hand, British of flour, which means that the yards are building 416 per cent

About 100,000 tons weight of the crop is smaller than

$10,000,000.00 5,598,600.00

776,726.76

HEAD OFFICES HONG KONG. 10. Das Voux Boad, Central.

BOARD OF DIRECTORS -- Hon. Sir Shou-son Chow, Chairman: Li Koon Chira, Esq., P. KEL

Wong Int

Sang. Esq. Wong Chu Son, Eag, and Kan Ying Fo, Bag Fung King Wah, Esq.

Kan Tung Po Li: The Fou

BRANCHES

S

$20,000,00€

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS

COLOMBO

FOOCHOW HAIPHONG HAMBURG HANKOW

HARELY

HONGKSW ILOILO

IPOH JOHOEK

KORF

obryson,

yburn,

BRENCHES

LONDONE IZONS

MANILA

DOWLOOK

KADAUMPER-

NEW YORK ESTPING

PENING BANGOON

SAIGON

YOKOHAMA

Current Accounts capened in focal Career Froed Depositaterassi sad for onsig periods in Local Cursary, and Sterli.. "which" wide be quoted on "applica

Hong Kong, lat March, 12987.

BOXES &

HONG KONG SAVINGS BANK

The Business of tha thờng. Bas

by the HONG KONG AND SHIN ING CORPORATION:

on application.

FORETHES HONG KO

BANKING CORPORA

THE YOKOHAMA SPECIE BANK IRITED

Bombay

Batéria:

C

Calcurta

耳物

Lunkow

Kobe Kowlook Londa

Bangoon

Capital (fully Beserve Fund

Head

8.3 per Haiphong bushels indicate. The com market cent. — of the tonnage now build-Boodlan acts as if it is oversold and olding in British yards is intended -crop positions are again tighten-for registration abroad or for Ling. Messrs. J. E. Bennett and sale.

Company thinks that declines in grain prices are at present · suf- ficient and that purchases are war- Franted at the current levels. -sales-42,679,000 bushels.

Totall

Rubber Cables from Singapore indiente a good inquiry on account of drought over a large part of the Peninsula. This may affect July rabber production.

LOCAL DOLLAR

London Silver Prices

Hong

wes

The demand, rate of the Kong dollar this morning 1/2-13/16.

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

The London on New York cross- rate was quoted at £ US$4.9810 and the New York on London cross-rate at £ US$498

SUICIDE SEEN IN

· CAR MIRROR Woman's Death Leap

A clergyman who through the driving-mirror of his car saw a young woman's preparations for sui- cide told a remarkable story at an inquest at Bristol on Mrs. Millicent Fread Hill, 26; of College-road, Clifton

Ag he wa

starter periods in

be-quoted on

Safe Deposit Bams To

KAN TUNG 20,

THE WING ON BANK LTD.

Head Office Hong Kong, 26, Des Voeux Road, Central. Authorised Capital $10,000,000

LONDON BANKERS Westminster Bank, Ltd. Foreign Exchange and every des cription of banking business transact- ed

Mrs. Hill died from head injuries after jumping into the Avon Gorge

Current Accounts and Savings Ad The Rev. H. G. England, of West- counts opened Mixed Deposits bury-road, Bristol, said that at 1140 ceived at rates which will be quoted on Tuesday

sitting on application.

ecutorship under- in his

the Sea Walls and trusteeship &

taken. Safe Deport Bazes for saw, in his driving mirror, a wom

PHILIP COCKCHI on the footpath near the railings

Chief: "She took off her hat and coat and put her handbag and Iseat," declar

IMPROVEMENT IN then climbed through the railings.

NZ FINANCES

Wellington, To-day

I saw so

went to the

ono bushes and

tion

could not. see the finances for the Col Percy

current fiscal year began well in College-read, Clifton, said

New Zealand's

quarter, which revenue of

increased

kland

-an Hill, his daughter, returned nths ago. 1,200,000, Kenya about six expendita she developed ment

tors

me the budget for suffering

be balanced, $50,000-Rea-

EMPO

Brine Your

ombay Calcutta

Canton

Darrés (Dažy)

Fengtiem (36.

Hamburs

Harbin Hong Honolulu

Fondor

rest: allowed for