1934-09-17 — Page 14

LLOYD TRIESTINO

FLOTTE DIUNITE LLOYD TRIESTING MARITIMA ITALIANA-DITHAO

EXPRESS PASSENGER SERVICE FAR-EAST-INDIA-ITALY

For Shanghai 8.1. “CONTE VERDE...38th Sept. B.B. "CONTE ROSSO".... 3rd Nav. 8.8. "CONTE VERDE"... 1st Dec.

For Italy

s.s.." CONTE VERDE"...11th Oct. s... "CONTE ROSSO"...15th Nov. 4. "CONTE VERDE... 13th Dec. *.a. "CONTE ROSSO"17th Jan., 36.

LLOYD TRIESTINO" Queen's Building, Ground Floor,

Tel."Add, : “LLOYDIANQ."

BARBER

P. O. Box 143. Telephone 2802).

Agents, CANTON,

Kesses, DODWELL & CO., LTD.,.

SHAMEEN,

WILHELMSEN

MONTHLY SERVICE

Pacific

SAN FRANCISCO

LOS ANGELES

"TO

Panama

LINE

Atlantic

BALBOA (Pasma) NEW YORK CRISTOBAL (Colon). BOSTON,

NEXT SAILING

M.V. "TAI SHAN”

ON

17th SEPTEMBER

EXCELLENT ACCOMMODATION

FOR 12 PASSENGERS,

DODWELL & CO., LTD.

AGENTS.

QUEEN'S BUILDING.

534'S SIREN

Deep Note's Range Over Ten Miles

The

London, Aug. 25. new Cunarder 534, which the Queen will launch and chris- ten at Clydeside next month, will have a siren that will ordinarily carry sound for ten miles.

Instead of being upright as other ships' sirens are its "mouths" will stand out, like eight-foot-long guns,' in all directions from the funnels. An electric switch will operate it. The note is A, two octaves below the middle octave on the piano, and although its mere whisper will carry so far, its mellow depth is such that the passengers on 534 itself will not be disturbed by it. Of all notes. this one was found by the acous- tic experts who have chosen it to be the ideal one for nerve comfort. It is expected that passengers will become, so attuned to it that they wil hardly hear the swelling wave of sound. Perfect "control" of its voice will be possible, and it will not always sing with the full ma- jesty of its three throats at once. Sometimes just a ten-mile "mur- mur" from one throat will be all that is necessary,

TELEPHONE 28021.

BRITISH TRADE RETURNS

Expansion In August

London, Sept. 14.

HONG KONG DAILY PRESS, MONDAY, SEPTEMBER 17, 1934.

H. K. STOCK

EXCHANGE

LONDON EXCHANGE RATES

110 Florina 516 S.

The market, remains steady. Bombay Is. 6d. per Rupee There are enquiries for Hotels, Brussels Lights, Ropes, Realties, Telephones

Bucharest Old and New, but sellers scarce and buyers may have increase their ideas of prices.

SALES

12.38 1/6 1/16 21.073 495

36 9.0. 22.40

(BRITISH WIRALESA SERVICE.}

Sterling Parity

Sept. 13, 7.30

Sept 1 7.30

„SATURDAY'S OFFICIAL"

Amsterdam

Athens......

QUOTATIONS

375 Drachma

516 S.

Belgrade

276,316 Dinarı

216 12.41

+

Berlin

90:43 Marks

1/8 1/18

21.06

35 Belgas

495

813,688 Lei

36 8.0.

Buenos Airó

47.56d. por Peno

are

to

22.40

Copeanageu

18.159 Kroner.

Geneva.....

95.294 France

15.15

Kelsingfors

193.23 Marka

2261

Hongkong Lisbon Madrid

1/81

110 Escudos

1107

1101

23.221 Pesetas 39 3/16

36 7/32

02.48 Lire

57 21/32

57 11/16

50.66d. per Peso

39

391 5.0.

Montreal

4.85.

4,36

New York

5.01

Oslo

19.901

HK. Lands, $50. Electrica, $714.

BUYERS

Union Insurances, $530.

HK. Fires, $243.

Douglases, $404.

Antamoks. 62 cts.

Balatocs. $37.

Baguio Gold, 48 cts.

Benguet Consolidated, $42.

Raubs, $124.

Ewo Cottons, Sh. $10.80.

Hotels, $5.40.

H.K. Lands, $491.

Chinese Estates, .$89. HK Trams, $20.

China Lights (old), $8. China Lights (new), $8.20. Telephones (old). $23.90. Telephones (new), $11.10. Singapore Tractions, 4/9. Singapore Tractions (Pref) 17/3 Constructions (new), 78 cts. Govt. Loan (4%), 8% Prem," Govt. Loan (31%), 21% Prem.

SELLERS

Hotels, 3511

Electric, $72.

Sandakan. Lights. $8.

Cements, $2.60.

Wallace Harpers,

THE EXCHANGE

MARKET

MESSRS. ROZA BROS.

8

There was no change in Silver prices in London yesterday, Ready at 21 11/16 and Forward at 214. China continued as seller and purchases were made for account of India The market closed on the firm side with American and speculative "buying Inquiries.

Sterling opened at 5.002 and closed at 5.01.

Market

The tone was steady.

Sterling

Milan.... Montevideo

Paris......

Prague

Rio de Janeiro

Shanghai Stockholm Visnus

Yokohama

4.587 Dollars 4.967 Dollars 5.00%

18.159 Kroner 194.21 Francs 164.25 Kroosn 28.03d. por Gold Milreis

19,904

15.16

2262.

1/62

75 3/32 118 11/16

75 1:32

118)

41 8.0. 1/5

# 8.0.

1/5

18.158 Kronor

19.391" 267

19.39)

24.35d. per Yen

1/27

26) #1/21

21 11/16

21

21.13/16.

34.36 Schillings

Silves (spot).......

Silver (forward)

War Loan

21% 34% 105

Closing Quotations

September 13, 1934

UN LONDON:

Telegraphic Transfer... Bank Bills, on demand 18 Bank Bille, 4 month

sight

Credits, four montha'

sight

ON NEW YORK:-

Bank Bills, on demand 38) Credita, 60 days' wight.. 39% ON BATAVIA:-

On demand

ON PAKIS:-

"Bank Bills, on-demand 5774

Credita, months' night 607)

ON SAIGON:-

On demand.

ON SHANGHAI:--

On Demand

1024

671

ON SINGAPORE :—

ON MANILA:-

On demand

de

On demand

* 77

ON JAPAN:-

ON BANGKOK :---

Ou demand

On demand

1201

ON INDIA-

SOVERLIGNE, Bank Buying

*021

་ -་༠ར་་༤

1/71

ין,

Telegraphic Transier... Bank, on demand ...

FOREIGN TRADE

OF GERMANY® August Position Reviewed

· (Bpecial to "Hong Kong Daily Press")

by Telegraph,||| Copyright,|| Tele................. graphic Message Ordinance. 1891. Received, September 16, 4-30 pm.) Berlin Sept. 15.

Despite the shrinkage in the Opened with 'sellers at 1/6 95/32, total volume of German foreign The Board of Trade returns subsequently 1/6 13/16 with buy-trade for the month of August for August shows AJA expansion

ers at 1/6 27/32. December busi- from 684 million marks in July to of both imports, arid exports, as ness was done at 1/6 29/32 and 677 millions in August, that is a compared with August 1933.

September delivery at 1/6 27/32, decline of seven million marks, the Imports were of the value of and there were rumours of busi-position taken as a whole shows a £60,027,050, being an increase of ness for October at 1/63. The mar- vast improvement inasmuch as the £2,000,832 as compared with the get closed with sellers at 1/8 deficit in balance was only nine figures for July and of £3,351,763 27/32 for near and buyers at 1/8 million marks in August as com.. on August last year.

7/8 for September and October.

pared with 42 millions in July.. This makes Exports were of the value of

the most August U.S. DollarsTM £32,090,009, # decrease

favourable month, of 1934 except. Sellere 39 3/16 and buyers at 30 March which had a slight surplus £139,812 on the figure for July, which, owing to the holiday sea- 5/16. Business was reported son, had more working days than October at 39 5/16. » ..

under view... and an Increase of £1,093.261 aver the total for August of 1933.

the month

of

The value of re-exports during the past month was £3.301.597.

1301.

561.

Yen

Guilden

for

balance of three million marks.

This change is doubtless the outcome of the Reich's new legis. lation for the supervision of fur- eign trade. For instance, import declined from 383 millions in July to 343 millions in August while a Business done 110 Buyers 1104, year ago, August 1933, the Imports sellers 110 7/16.

Shanghal Dollars

Shanghai Market

Figures for Eight Months For the first eight months of this year imports totalled £479,- 444,259, an increase of £49,281,081 compared with the corresponding period of last year, while exports at £255,089,324 show an increase rate improved to 1/5 1/16. Dol-eighteen inillion marks. The most

were 347 million marks. The de- cline since July, 1934 amounts to e per cent., the drop being due to Sterling opening. rate 1/5 near smaller imports of foodstuffs by and forward." Later the forward'

BAR HILVER per ca

******* 21 11/18

IMPORT PRICES

The Latest Quotations

The reports and prices are pub- Ushed as supplied by Importers:

Cotton Piece-Goods and. Fancy Cotton Goods

are

PRESIDENT LINER TRAVEL SERVICE

is the Same on Land and Sea

Dollar Steamship Lines and American Mail Line offices and agents throughout the world reflect the fdendly atmosphere that makes travel on President Liners first choice of so many people...And you are urged to take advantage of their com→ plete service wherever you may be. Let us help you plan your trip. Then let the offices and areais on your route serve you,

To SAN FRANCISCO 18 Days

via Shangbai, Kobe, Yokohama, Bonolulu

Fortnightly sailings

Pres. Pierce Sept. 9, Midnight Pres. Hoover Oct. 8, Nour Pres. Wilson..Oct. 28, Midnight Pres. Coolidge Nov: 3, rou Pres. Lincoln Nov. 10 Midnight

EUROPE, NEW YORK

Inquire for round-trip tickets to Burope, In connection with Lloyd Triestino, Via Manila, Singapore, Fenang, Colombo, Bombay, Suex Carní. Alexandria, Naples, Genos,

Marselles

Pres. Bayes ....Bopt. 29, 9 a.m Pres. Johnson... Oct. 13, 8 km. Pres. Monroe... Oct. 97, 9 am. Pres. Van Buren. Nov. 10, 8 a.m. Pres. Garfield.... Nov. 24, 81 m.

VICTORIA, SEATTLE 17 DAYS via Shanghal, Kobe,

Yokohama

Fortnightly sallings Pres. McKinlay Sept. 98, M'night Free, Grant Oct 19. Midsight Pres. Jefferson..Oct. 26, M'night Pres. Jackson.. Nov. 9, Midnight Pres. McKinley, Nov. 23. M'night

MANILA

THE MOST FREQUENT

SEBYICE."

Next Sailing

Pres. Frerco... Sept. 18, 6 p.m. Pres. McKinley.Sept. 99, 6 p.m. Pres. Hoover Sept. 27, 9pm. Pra Hayes... Sept. 98, 8am. Pres. Grant....Oct., 6 p.m.

DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE

PADDER BUİLDING—HONG KONG,

CANTOM BRAKGX :—4, SHAKTI ROAD,

DR. SCHACHT'S DECREES

-Control of Imports Into Germany

од

London, Sept. 14. The effects of recent decrees Issued by the German Minister The following reports have been of Economics Dr. Schacht, have received:

been subjected to close" examina- The market för Cotton Piece- tion during the past few days, Goods continuea very quiet with with particular reference to their only a limited demand for "Spot" bearing the Anglo-German cargo. Manchester prices a exchange agreement, which was good deal firmer but local values signed as recently as August 10 do not improve. No new business and which came into operation on in Spring Fancies is reported to August 20.

Ir accordance with these date...

The latest Cotton prices to hand decrees, full control Wil be exercised over all imports going are those of the 13th inst

American Mid. "Spot". 7.09d. into Germany as from September Egypt. Sakel. F.GF. Spot" 832d. 24. Machinery for operating this

control provides Woollens

estimates There is a slightly better tone being made l advance to the and recent arrivals of the new amount of foreign exchange likely season's Woollens are going into to be available each month, and consumption fairly well. In some limitation of that month's imports will be strictly controlled by the satisfactory. instances, prices are but Serges and Garbardines are issue of permits so that payments not doing well on account of ser- may be met within the estimate.

The New System tous Japanese competition.

There is enquiry for Hosiery

Two important changes are Yarns and some sales are report-introduced by the new

system. ed in 'Spot" cargo.

First, the control applies not only as in the past to raw materials

SHARE QUOTATIONS

4

기

for

but to imports generally, and second, the new machinery will involve the abolition of general Exchange perinits which formed

for the eight months of £18,910,-, lars 35 7/18 for near, 351 forward./peful feature is the increase of Special to the "Hong Kong Dally the basis of the recent Angio

595.

improving to 351 and 35 9/16 forexports from 321 million marke in The increase in the volume of near and forward respectively..

RUBBER RESTRICTION IN imports during the past eight

MALAYA

Controller's Warning

London, Aug. 25. The Controller of Rubber has warned producers in Singapore

months, of nearly fifty millions, is heaviest in the category of raw ma- terials and unmanufactured arti- cles, which, compared with the corresponding period of 1933, atow

advance of £27,554,964. Arti cles wholly or mainly manufactur

regarding the carry-forward con- ed increased by £17.626,342, and.

CANTON SILK MARKET

The Kwangtung Raw Bilk Test-

struction. Canton. China.

July to 334 millions in August as

Press" (Uopyright.)] against 413 millions in August,

Berlin, Sept. 16. 1933. The rise from July to Gelsenkirch Mining August 1934, amounts to thirteen Co.

61 00.50 million or 4 per cent, the increase German Dye Works 145.50 | 145 | being due partly to greater export (Hamburg America of raw materials such as coal and Line

28.126 26.125 artly to manufactured goods, the Harpener rise being in about equal propor- Co. tions.

Mannesmann

dition of the Restriction Agree-food, drink and tobacco by £4.-ing Bureau, Department of Recon-and Holland declined but was more ment He has pointed out that 015,220. the maximum carry-forward of In regard to exports during the

eight months, articles, wholly or mainly manufactured show an ad- varice of £15.091,888 on last year's figures, while raw materials export-

export rights from one year to the next is limited to not more than 12 per cent of the permissible ex- porable amount for that control year. This gives a miximum carry-ed increased by £1331,076, and forward for Malaya for 1934-35 of food, drink and tobacco by £1,980,- 30,744 tons. This figure covers 815-

unused estate credits and also dea- British Wirelen,

lers' stock covered by export rights, «

For the Federated Malay States alone the corresponding maximum is 17,080 tons, whereas the actual carry-forward of the Federated Malay States alone on July 31 was 29,322 tona.

REICHSMARK QUOTA-

TIONS

(Special to the "Hong Kong Dally Press" (Copyright;)]

Berlin, Sept. 16. Reichsmark quotations (without

44.5 600.05

The Controller adds that, unless the estates use their provisional credita on a more generous scale, guarantes):-- dealers will cease to hold up rub- ber, and it will become necessary. to restrict the extent to which ex- port credits may be carried for- ward and also to limit the stocks held by individual dealera,

New York Paris ......... Afnsterdam Paris Sterling Dollar MA Tranincean Kuo Min.

88.94 75.03

14.965

1

Canton Quotations

September 14- Extra 0.8. 13/15 HK. $430N, Small Extra O§. 13/18 HK.

"$365N. Cracks N.B. 14/16, HK. $29UP. Extra Extra 20/22 ELK. $235N. Waste NB. Open HK, 852N..

Yokohama Quotations. ́e September 15,

Export to France, Switzerland,

ihan compensated by increased export to Sweden, Italy, Great Britain Denmark and Russia

Transocean Kuo Min.

TRICES ADVANCE

Berlin, Bept, 15., The very favourable figures about Germany's foreign trade, re-

Mining

104.50 10415

Roehren. 71.365 62

North German

Reichsbank 152 Rhenish Westphalen 103.875 104.375 Siemenshalske 147.50 148.50 United Steel Works' 40,625 40.50 Young' Loan .... .Linquoted 24 Transocean Luc Min

German agreement. In these dir- eumstances discussions with the. German Government are generally considered necessary to discover in greater machinery

detall how the new will function and

CONSIGNEE NOTICES.

CONSIGNEES' NOTICE,

THE BEN LINE STEAMERS, LIMITED,

FROM LEITH, MIDDLESBRO', ANTWERP, LONDON AND STRAITS.

The Stowmahip "BENOLEUCH.”

CONSIGNEES of Cargo are bereby informed that sli Goods are being landed at their risk into the hazardous and/or extra hazardous God,wns of the Hong Hong and Kowloon Wharf and Godowe Co, Ltd, whenes and/or from the wharves Delivery may be obtained.

No Claims will be admitted, after this Goods have left the Godowns, and all Goods remaining -delivered after the 24th Sept. 1934, will be subject to Rext

„All Olaime against the Steamer mast be presented to the Undersigned on or before the 8th Oct, 1934, or they will not be recognized.

To comply with the General Banded have a Berente Officer in attendance Warehouse Regulations, consignses must when damaged dutiable goods are exammed.

Ali broken, chafed and damaged Gooda are to be left in the Godowns, where they will be examined on the 2nd Supt., 1854, at 10 am by Mesars Goddard & Douglas,

by

No Fire Insurance has been effectedì. Bilis of Lading will be countersigned"--

GIBB, LIVINGSTON & Co., Lim,

Agents. Hong Kong, 15th Sept., 1984

#COMPAGNIE DES MESSAGERIES MARITIMBL.

CONSIGNER NOTICE.

8.8 MIN." whether the recent Anglo-German ARRITED HONG HONG ON WEDNES agreement can continue to operate DAY, THE 19TH SEPTEMBER, 1984. under the new regulations; and u

ment.

7

not, whether it is desirable to - FROM DUNKIRK, ANTWERP, substitute for it a fresh agree- BOTTERDAM, LONDON, &o_

Now that the Lancashire spin-based Steamier are hereby informe NONSIGNEES of Cargo by the above Lloyd 28.625 28.625ners have refused the terms ed that their Goods with exception of 153.375 offered by Germany for repayment Opium, Treasure bud Valuables, ars of outstanding debts the whole being landed and placed at their risk in question of repayment of Ger the Godown of the Hong Kong Kow many's existing commercial debts bo whence Delivery can hoppta

loon Whert & Godown Co., Ltd. Kor to this country remains insettled tas Goods are landed. " and the matter will be raised in Goods not aloared within 7 Day the Anglo-Germar: discussions, including

take of arrival, will he subject. British Discussion ported elsewhere. put the shareThe price trend will set itself nc-

All Claim Abe sent to the US- The Foreign Office announces it derigned before the market Into optimistic mood on cordingly as soon as the practical has been agreed between His sith Saturday so that prices in many effects become apparent. Busi-Majesty's Government in

einber cases advanced satisfactorily. The ness was very lively on Saturday United Kingdom and the improvement spread -over- all

because of the publication of the Government that the sections of the market.

figures of Germany's foreign trade headed by Bir. Frederi Fixed interest securities were in August, showing a much favour Ross, Chief Economie also buoyant, gold and mortgage able outlook resulting from trade. His Majesty's Governi bonds rising half a point all round supervision. The price trend of proceed immediately to and in some cases three-quarter. the fixed interest security market initiate discussion

Before the publication of the followed" parallel to the share-mercial and financial particulars of the scheme on Tues-markét both being affected by the the two count New York Quotations are ob- day night, investors showed ex- same causes - Prices the close the new German. tained through Courtesy of Ameri-treme caution, and uncertainty of the week, dimered not greatly control of importa can Oriental Finance Corpora- was felt about the way the plan from those at the opening. of foreign exchange

would effect different industries, Transocean Aue

British

Bpot

Opening Yen 450

Bourse six months Yen '459

Now Tock Quotations

September 14.

Bid Ask December

1.11 ***** 1.10 February 1.11 1.12 April

1.1.11 1.12

on

Hong Kong, 13th Bepf, 1934,

will not