1930-06-03 — Page 11

INTIMATIONS.

DOUGLAS STEAMSHIP CO.,

LIMITED.

AMERICAN TRADE WITH

CHINA.

12

INVESTIGATION OFRECENT

DECLINE.

[UNITED PRESS.]

Washington, May 23-An inten GENERAL sive study of the causes of the ORDINARY MEETING of the SHARE decline in American exporta to HOLDERS in the above Company will China, including, all Chnese, trade be held at the Company's Odices, P. & D. relations, appears to be assured as Building, oa WEDNESDAY JUNE 4TH a result of the Senate Foreign" Re at 114x. fo the purpose of receiving Intions Committee's favourable re- the Report of the General Managers |

port on the Pittman resolution nu- Statement together with

of Accounts

thorizing the expenditure of Gold to the 31st Dec 1929.

The TRANSFER BOOKS of the 320,000 for this purpose. Company will be CLOSED from 29TH of MAY to 48 of JUNE, Both Days

inclusive.

HONG KONG DAILY PRESS, TUESDAY, JUNE 3, 1930.

METAL MARKETS:

Mesara Rudolf Wolf & Co,'a re- port under date London, May 9,

states:-

came

NEW YORK STOCK EASTERN NEWS IN

EXCHANGE.

BRIEF.

GENERAL ADVANCE AFTER PARS FROM EVERYWHERE.

SPURT IN U.S. STEEL.

A SLUGGISH TENDENCY IN RAILS.

[UNITED PRESS,]

New York. May 28.-U.S. Steel sported late in to-day's session of the New York Stock Exchange, closing up to 1748 and stimulat- ing a general advance which was of special benefit to the industrials,

There was a general depression in all our markets at the beginning of the week, following the slump in Wall Street, but the low prices at tracted good buying, with the result that values, excepting in Tin, are higher than seven days ago.

Tin was weak and irregular on Monday, and on Tuesday The committee deaires, as a result of the investigation, to be in posi- down to £142.3 for cash, which was tion to offer a remedy for the situa- the lowest price touched since 1929.

oils and utilities. DOUGLAS LAPRAIK & 00. tion, possibly including modifica- The fall was due to heavy liquida- tions in the Sino-American Com-tion, bear selling and general lack mercial Treaty.

It is believed that the resolution of confidence in the results of the

application will be passed and will receive the scheme: Reports in the Press stat of the curtailment signature of President Hoover during that the curtailment was ing the course of the present session operating effectively with a num- of Congress.

ber of leading companies in the Straits, also that the shipments CREDIT FONCIER D'EXTREME from Bolivia were decreasing con-

General Managers.

Hong Kong, 17th May. 1930

[9431

INDO-CHINA STEAM NAVIGA- TION COMPANY, LIMITED,

THE FORTY-NINTH ORDINARY

ORIENT.

MORTGAGE BANK AND "ESTATE AGENTS.

GENERAL MEETING of the Company will be held at the Offices of the General Managers, Miss JARDINE, MATHESON & CO. LTD., PEDDER ST8327, Hongkong, on WEDNESDAY, the 18ra JUNE, 1930, at NOON, for the purpose of receiving the Beport of the Directors, passing the Acconats, and electing Director," and † Ons Small Fiva-roomed FLÄT Available Auditors.

From 15TH AUGUST.

The TRANSFER BOOKS of the Company will be CLOSED from the 11ra JUNE to 2nd JULY, 1930, Both Days incinsire."

By Order of the Board,

JARDINE, MATHESON

& CO. LTD... General Managers.

Hong Kong, 18th May, 1930. [9431

*PEAK MANSIONS" Six-roomed & Five-roomed Apartments

{?

· PRINCE EDWARD ROAD, KOWLOON,

Detached and Semi-detached Villas Modern Construction with Garage,

* CAMBAY BUILDINGS Flate with Modern Conveniences.

HAMBURG - AMERIKA · LINIE

FAR EASTERN MAIL-FREIGHT—and PASSENGER SERVICE between: JAPAN, CHINA, HONG KONG, PHI- LIPPINES, STRAITS SETTLEMENTS,

COLOMBO and EUROPE.

SAILINGS TO EUROPE.

VESSEL. "

DESTINATION,

LEAVING

M.V.

"M.V. "ERMLAND" (2)

HAVELLAND (2) Gencs, Marseilles, Rotterdam & Hamburg Genoa, Dunkirk, Rotterdam

& Hamburg M.V. "BURGENLAND" (1) Genos, Barcelona, Rotterdam & Hamburg M.Y. "FRIESLAND" (3) ... Genos, Dunkirk, Rotterdam & Hamburg Other Ports of Call if Inducement offers. ARRIVALS FROM EUROPE.

41

HONG KONG

18 June

4 July

16 July

26 July

'b

M.V. "BURGENLAND" (1)

DUE HONG KONG.

9 Jun

M.V. "RHEINLAND" (3)

9 Juna

17 Jane

7 July

M.V.FRIESLAND" (3) ...

M.Y." VOGTLAND"

(1)...

Subject to Alteration without Notice,

(1) Excellent Accommodation for Passengers, Qualified Surgeon carried

J Fare from Hong Kong to Genoa from £70.0.0.

(2) Limited Passenger Accommodation, Qualified Surgeon exfriad.

(3) Cargo Bont No Passenger Accommodation.

For further particulars please apply to:

JEBSEN & CO.

AGENTS.

12, Pedder Street, Hong Kong.

Tel. 24754.

BLUE STAR LINE

Far Eastern Service.

Regular Monthly Fast Freight Steamers Refrigerated and General Cargo Next Sailing

S.S. "ALBION STAR"

on JUNE 29th

for

MARSEILLES, LONDON, ROTTERDAM,

HAMBURG, LIVERPOOL

via Straits.

For Freight and Farther-Information, Apply to

DODWELL & CO, LTD.

Queen's Building.

Agent

----Tel.-990215-

siderably each month this year, caused a better tone, and with bear covering the price advanced yester day to £146 three months. There was an easier tendency to-day at the apêaing, but the closing prices were 12/6d. better. American con- sumption, according to advices, is not likely to go above 7,000 tons per month, and is at present probably not exceeding 8,300 tons, so unless there is falling off in the Straits shipments after May,, (which are estimated at 9,500 to 10,000 tons) we cannot look for any sustained im- provement in prices.

Water polico of the Greater Shanghai Burcag of Public Safety seized four parcels of red pills (opium) an a steamer lying along- side the Nantao Bund last week. The smuggler was arrested and re- moved to the Public Salety Bureau for punishment.

Last week, says the Shuapao, a hen owned by a farmer at Tang- chiao, Pootung, produced an which was much larger than usurl.

***

While trading quickened rails Upon breaking it, it was found to continued sluggish and the Downtain another egg. On the follow- Jones average for 20 rails was offing morning, the Shunpao snys, another egg like, the previous one 46 to 144.3 for the day.

was laid by the hen.

Chesapeake & Ohio broke four points. Atchison, Topeka & Santa Fe was off five points. Both these declines were due to poor earnings during April, which were down 30 per cent, from April of last year.

New York Central closed off a quarter to 1734, Pennsylvania held 4t 781, Union Pacific gained half.a point to close at 229), Erie was up half a point to 163. B. & O. was cË 1 to 1121, Canadian Pacific was up 1 to 2004 and Rock Island was off half a point to 116.

The Steel Industry. Advance in U.S. Steel was based upon a favourable review for the week, although the industry as a whole WIS not as favourable. Bethlehem Steel closed off to , and Ludium was off 1 to 331 American Waterworks moved up Premiums on Straits and Bankato 114 and American Rolling Mill are quoted at £2 and £4. Tespective- was off three points to 69.

13.

£6.10.

Cash

Options.Double £13, Single Opening Closing .............. £148.15.0 £145. 26 Three months... £131. £146.13.0 Turnover for the week 4.125 tons.

Copper.

The Dow Jones average for 30 in- dustrials was up 1.41 to 273.64. Westinghouse E. &M, gained to close at 1791, General Electric was up 1 to 638 American Can was up two points to 1473 Du Pont was off n quarter to 1313. Davison Chemical was off to 359 Union Carbide was up 19 to 851.

Among the motors. General Copper has been irregular owing Motors was off an eighth to 501, to the uncertainty regarding the Hudson held at 41, Packard was off price of electrolytic in American quarter to 17 and Chrysler was Three months sold down to £48 on joli an eighth to 363, Wednesday, but recovered the next Sales for the day totalled 2,405,308 day to £50, giving way, however, in shares. the afternoon to £49.5. The price of electrolytic was reported, 25 points higher to-day, and on sup- port our market advanced to £31.5 forward. It would appear that the price in America will not be re- duced in the near future, sad with influential buying on our market, the price of Standard should be maintained.

£51.0.3 £31.5.0

Options Double £5, Single £2.10. Opening. Closing. Cash

£48.12.6 Three months. £49.10.0

Turnover for the week 7,000 tons.

Load.

QUOTATIONS...

New York, May 2).

Market Arm. Business done: 2,405,305 shares.

May 27 28 alta "... 1451 1477 |

Adame Express...

American Can, .... American & Foreign Power " American Rolling Mill... American Smelting American Tal & Tel.

83 844

American Tobacco B

American Waterworks...

Anaconda Copper

Atlantic Refining

Baltimore & Ohio

་་

Bethlehem Steel

*Borg Warner

07

Calumet & Hecla

Canadian Pacific Railway Chesapeake Corporation

Chrysler...

***

Lead, after opening easier Monday in sympathy with other metals, recovered rather sharply on influential support and a consider-Chicago Rock Inland .... able amount of bear covering, August selling to-day at £18.1.3. There is no particularly brisk de- mand from consumers, either here or in America, and therefore any appreciable rise, cannot be expected, stock being ample for consumers' requirements.

18/-

Options-Double £1.10, Single Opening. Closing,

£16,18.9 £18. June.... £10.17.6

£18. £10.17.6. £18. £17.

£18.1.3 August

Turnover for the week 6,150 tona.

May

July

Spelter.

Cities Service Common Columbia Gas & Electric Columbia Graphaphone Commercial Solventa... Commonwealth & Southern Commonwealth & 8. Warr. Consolidated Gas of N. Y. Continental Oil... Cork Producta.

Curtiss Wright Commen

Davison Chemical Du Pont de Nemours... Eastman Kodak

A

***

Electric Bond & Share... Erie Railway Fox Filu General Electric

Food... General General Motors..... General Railway Signal Gold Dust Goodrich Rubber Goodyear Tire & Rubber

4

***

72 60 73 72 ... 231 231

2634 204 113 1141

FIN

60 60.

Two British naval officers who have been employed by the Chinese Admiralty to train naval cadets. arrived in Shanghai last week and left immediately for Nanking. They returned to Shanghai Inter and will leave for Foochow to take up their duties at the Makiang Naval Academy, Foochow,

Miss Janet Fitch" youngest daughter of Dr. and Mrs. Robert Fitch of Hangchow, has just won Second Prize at the Annual Art Exhibition of the Grand Central Galleries, New York, among the eight hundred artists and students who were competing. Her Chinese painting Maternity" sidered worthy of this high place.

Was COR-

According to letters received from Changsha, Communist bandita in Hunan Province are as active as ever. Apart from looting these desperadoes are very cruel to their prisoners and mercilessly murder aged persons and women. They alco instigate the famine sufferers to loob the rich and send their booty to the bandits' fair. The situation is particularly bad in Liuyang.

Alleging that Japan has held China in contempt by addressing the latter as "Chi Nar" instead of the Chinese Republic and that Japan has also insulted China by carrying out a sham fight at the Changchun Railway Station and using the city of Changchun as the target of bombardment, the "Nan- king District Kuomintang, states the Chinese Press, has requested the Central Government to lodge strong protest with Tokyo.

Upon learning that the Customs House at Shanghai, neting upon an order of the Chinotungpa, bad. ordered foreign mercantile marine) officers to aply, for certificates, Ung. the Chinese Pilots Association of 114 112 Shanghai, has petitioned the Minis- try of Finance asking the lafter not to issue certificates to foreign offcers on the ground that foreiga, ers encroach on China's sovereign'

DEL. 05

371 861 10 101

... 206 2003

70 69

AILING

NOTICE

Weekly Trans-Pacific Service

To San Francisco and Los Angeles The Sunshine Belt via Honolulu

Fortnightly mailings in Turadayı Pres. MoKinley.Tugs., June 3, 1 a.r. Proa, Grant Tücs., June 17 Pres. Cleveland...Tuss, July 1

To Seattle and Victoria The Short.Sirgicht Route to twarz, Partnightly sailings on Turadays Pres. Jefferson Thee, June 10 Pres. Lincoln......T

Tues, June 24 Pres. Madison...... Tues., July 8

*

£120,112 Sneltes with all Atlantic lines. Choice of rail lines Special through rates to Europe via United States. Direct across United States and Canada, liberal stop-over privileges for sight-seeing.

Europe and New York Direct

ROUND THE WORLD -

Fortnightly lines on Sunday via Manila. Susi Colombo, Suez Canal, Alexandria Naples, Genoa, Marseilles, New York and Borton. Pres, Johnson...Sun., June 15, 8 mm. Pres. Wilson...San., July 13,8 am Pres. Fillmore Sun, June 29, 9 am. Pres. Van Buren. San., July 27, B

To Manila

"Pres. Jefferson..June 3, 6p.m.

Pras, Grant......June 7, 6 pm..

Pres. Lincoln.. June 17, 6 p.m.

· Pros. Cleveland. June 21, 6 p..

CANTON BRANCH, BHA KIÏ STRIKT.

DOLLAR STEAMSHIP. LINES AMERICAN MAIL LINE

Round the World

Hongkong

Belawan Deli

Batawa

A.Necklace of Tropical Jewels by

JOJ L

Tourist "Routes.

Barobudur

Traffic

Manila

Hencido

Nolucco's

Fanda

rights and interfere with native SPEND YOUR HOLIDAY IN JAVA.

37 38; officers' employment, reports the

... 1:8 116

34 33

Chinese Press.

837 801

281 28

30 30 17 18

5 5

27

36

A new branch of the police cm- bracing detective, fingerprint and photographic sections has been tormed in Bangkok and will come

1201 1201 into, operation in the course of the 1063 107 next few weeks. The department 10 i will bear practically the same re- 36lation to the general police depart- 182 1811 ment as Scotland Yard does to the 2391 242

various police forces in Great Britain. It will keep records of crime and criminals and have power

... 100 107

46

51

821 831 to act in any part of Siam in which * 69 68% its services are called into requisi- ... 801 501 | tion.

Spelter. The market touched on Monday the low level, of £16 for

Granby prompt and £16.12.6 for forward. This drop was the outcome of con- Great Northara Certificates siderable liquidation. sales by atale, Hudson Motors.. "bulls and a certain amount of

International Cement ... bear selling. The lower volues,

International Combustion Eng. International Harraster however, to an extent stimulated

International Nickel buying on the part of consumers,

International Printers slak who have shown more disposition to International Products Com. *** cover their nearer requiremento. Internationat Tel & Tel. There is also some evidence of an Johns Manvilla attempt to check in some measure Keanpoolt Copper the continued fall, and yesterday Kronger & fol the market experienced quite a Kroger Grocery... sharp reaction, £16.11.3 being paid Liggett & Myers "B" ...

Ludlum Stoel ... for spot and £17.5 forward. :

Mack Trucks To-day, there was a further recovery. Hissari Pacifo on active buying, and although the Montgomery Ward highest prices were not maintained, the close was steady. Many gal vanizers have had their orders sus- peaded owing to the trouble and boycott in, India, and in view of the disappointing state of the Pennsylvania Railroad... galvanizing industry generally, we

Fennroad Corporation... think that the present rise will not Phillips Petzolen be carried much further. Public Service of N, 3 In America, the production still Radio Corporation tends to overlap consumption, the Reynolds Tobacco" stocks at the end of April showing an increase of nearly 2,500 ̈tana, although production is marked down by 4,500 tons, and it would not be surprising to see stocks in crease to 100,000 tons at the end

Options.-Double £2, Single £1,

Opening. Closing. £16.6.3 £16.18.9 fiata lit

NATAL LINE OF STEAMERS of the present month.

FROM CALCUTTA & COLOMBO To

SUITH AFRICAN PORTS

* UNŽUMBI”

will Bail from Colombo 10th August Regular Passenger and Cargo Service to South African Ports, Through Bills of Lading issued from Hong Kong. Fer Freight or Passage, apply to

DODWELL & CO, LIMITED.

Agenta,

May

July

August

£10.10.3 £17.10.0.

Nevada Consolidated Copper New York Central Northern Pacis Hallway Pacific Lighting Packard Motor Car Paramount Famous Lasky

shell Union Start Booback...

Jersey

Und

34

421 441 41 401 541 86

823

Ung

86

45

reporte Some time ago,

the Shanghai Chinese Press, the Che- kiang Provincial Government, in view of the bandita' activities in the various districts, sent special 34 66. 07 police to protect the silk industry- 104 94 and introduced a “pëace. preser- 944 904 vation tax" on silk crops. A peti- 331 33tion was then submitted by the silk

Ung..

merchants to the Provincial Govern- Ung 03 021 ment, requesting the abolition of 110 111 this tax on the ground that taxation 487 471 on silk was already too heavy, but $2321 the Provincial Government rejected 33 39 this request.

107 1061

72 70

With reference to a case in which

REGULAR WEEKLY SERVICE ON TUESDAYS

HONG KONG/JAVA (7. DAYS),

First class fare Guilders 250,—

VARIETY SPICES YOUR HOLIDAY.

BOUND TRIP Hong Kong-Manila-Celebes-Bali-Java-Hong Kong 80 days with liberal stopover in Bali and Java First class fare £46.17.6.

(Inclusive of Aeroplane and Railway fares)

LUXURIOUS MAIL STEAMERS SERVICE TO EUROPE VIA'

JAVA

HONG KONG/GENOA or MARSEILLES 28 Days

REGULAR SAILINGS FROM HONG KONG TO SWATOW;

STEAMLES

AMOY, SHANGHAI AND MANILA.

Excellent first class saloon accommodation,

SOUTH BOUND.

361 251

"

431 441 before the Shanghai Special Dia-

Japanese was ordered to appear TJISAROEA

FROM

EXPECTED OK OR ABOUT

WILL LEAVE ON GE ABOUT

Fon

5.

ANOT

In Part 3rd June,

BATAVIA

- Noon

...

201 211 trict Court, it is reported in the 176 1763 Shanghai Japanese Press that Mr. | TJISONDARI.....S'HAL & ́AMOT 8th June 10th June, MANILA, MEʼSAR.

83 81 Tanaka, Japanese Vice-Consul, ap-

96 97 peared in his place and banded a 177 17

091 091

18+ 12

protest to the Court. He received | TJILEBOET Tai 78j in return a promise that no further

action will be taken by the court

371 881 in this case, and that in future, TJIKARANG 114 1181 whenever a civil case is brought

5138 against a Japanese, the Chinese

62 63

plaintiff will be notified that netion 85 80 cannot be taken.

21-112

371 201

Southern California Edison.... 66, 661 The Shanghai Chinese Press last 1801 1201 ·week had a report to the effect that

Himmons Company

Boathom Pociño Railway Standard Gas & Electrio Standard Oil of New Jersey Standard Oil of New York' Texas Corporation Texas Gulf Sulphur Timken Roller Bearing Trans America... Union Carbide & Carbon

***

United Aircraft & Transport. £17. 2.3 £17.12.6 United Corporation Turnover for the week 6,000 tons. United Gas & Improvement

March April US. Kabber

United Dry DockI American statistics, Tona. Tons. Blus Producton min. 47,573, 43,030 | Vanadium

Amount shipped

44,243 40,660 Warrier Bros. Pictures Stocks at-end month 94,033 95,433 Westinghouse E. & M. Eletorte operating 50,412 48,180 | Woolworth

... 1164 118 the Mayor of Greater Sbanghai had of lodged. protest with H.M. Con-

301

sulato General against the "illegal"

#750

physical examination of Chinese

"AMOT

Noon

B0824BAIK”

BATAVIA

15th June 17th June,

Noon

„S'HAI. & Axor 22nd June 24th June, MANILA, ME BAR.

Noon

NORTH BOUND.

STEAMERS

FROM

...783 73 crews employed by the Glen Lane. TJILEBOET

43 431

Inquiries were mado by the North-

64 861 China Daily News, and they were TJIKARANG

TUTINED BY cuni

77 754 tion that the physical examination 4645

Ung 173 174

116

118

of erewa was usual among shipping companies and there was nothing out of the ordinary in the present caso.It was difficult, therefore, to see why the protest had been lodged as such examinations were held as. a precaution against contagious. discasca.

TJISALAK

KO 220

ABOUT

& EQDAYS.

EXPECTED

WIZL

LEAVE OF

Fon

LOE ABOUT

6th June 10th Jane

.. ANDY

BÁTATIA 11th June 12th June Awoy & STAL

For particulars apply to

JAVA-CHINA-JAPAN LIJN

phone 28012.