1934-09-29 — Page 13

HABHST

A

LINE

SERVICE

MAERSK LINE

Fast regular FREIGHT 100

PASSENGER SERVICE

6

via

Shanghai, Japan, LOS ANGELES

and PANAMA

NEW YORK,

to

HONG KONG DAILY PRESS, SATURDAY, SEPTEMBER 29 1934.

THE EXCHANGE

MARKET

MESSRS. ROZA BROS.

LONDON EXCHANGE RATES

{BRITISH WINKLESS DERVICH.) Sterling Parity dept.'10

Amsterdam a 19.10 Florina (# 7.251 Athens animai.. 878 Drachmas 515 8.

Sopt $1 7.252

Friday, Sept. 28. Silver was a steady market in Belgrade

Berlin... London yesterday as the result of further speculative

Bombay support Branis Speculators operated on both sides Bucharest of the market but on balance a Buenos Aires buyers. Rates were 1/18 higher at Copenhagen

Genees

BOSTON, PHILADELPHIA & BALTIMORE. 22 3/8 for Ready and 21 7/16 for

If sufficient Indacement öffers also other ports of call.

Arrivals from U.S.A..

3rd Oct.

90th Oct

M.V. "GERTRUDE MAERSK”..........

יי.

Sailings to USA. ⠀

28th Oct.

M.V. "NORA MADRSK"

27th Nov. (All dates, are subject to alteration without notice) EXCELLENT ACCOMMODATION FOR PASSENGERS

AT MODEBATE RATES.

For Freight and Passage please apply:-

JEBSEN & CO.

Canton, Shameen, B.C. Agents.

Tel 10918.

HAMBURG AMERIKA LINIE

Hong Kong, Pedder Bailding.

Tel. 28383.

NORD LLOYD

F-I wen

NORDDEUTSCHER

LLOYD

Far Eastern Mail Passenger and Freight Service

Through bookings to America via Europe and Europe via America... Bookings around the world. Through bookings to Londos.

OUTWARD (NDL) *" SAALE |

SAILINGS

for Bhai., Taku Bar, Dairen, Tsingtan, T'hama, Kobe

... 3rd Oct.

'(HAL) m.v." RUHR for Shangbai, Kobe, Osaka,

*(NDL) B.S. "MAIN".

Yokebama, Taku, Dairen, Tsingtan ... ............................. 14th Oct. for S'hai., Taku Bar, Dairez,

Tsingtan, Yokohama, Kobe... 18th Oct.

†(HAL) ..." DUISBURG"... for Bhanghai, Taku, Dairen,

اٹھے

Kobe, Caska, Yokohama,, Nagoya....

HOMEWARD SAILINGS

....26th Oct.

Forward. The market closed on the steady side' with buying in quiries st quotations and pos- siblity of sellers at slightly over rates

At the opening of the market in New York Sterling was quoted at 4.96, closing slightly higher at 4.00 3/4.

Market

Helsingfori Hongkong Lubon

$70,316 Dinars 216

20.43 Marka: 12.33

1 d. per Rupee 1/8 1/16

***** 35 Belgas 20.971

316 8. 214

12.27)

`1/6 1/16.

21.07

...................... 813,568 Le

493

491

$7.503. par Peso 361 8.0.

18, 159, Kroner – 22,40. 25.29 Franci 18:07 103.23 Marka 2263 1/71

Madrid...............

Milan

Montevideo Montreal New York Onla

Paris... Rio de Janeiro Prague .........

The tone opened on the steady "side but little interest was display. ed in the market for some con. siderable time. Subsequently, on Shanghai strengthening, our rates Vienna were rushed up.

Sterling 1/17/18 was on offer at the opening leading to business at 1/7 15/32 followed by 1/7 1/2 October second half, 1/7 17/32 rash and 1/7 9/16. The market closed with sellers at 1/7 9/16 and pos sible buyers at 1/7 19/32.

U.S. Dollars

Were offered at 40 1/8, buyers Fasking for 40′ 1/4 buỷ 40 3/18 led to business. The market was neg- lected subsequently until it reach- ed 40 9/18 November at which rate business was done as was also 15 1/2 for October and finally 40 9/12 also for October. The closing rate was 40 1/2 sellers. 40 9/16 likely buyera

Yen

Shanghai Stockholm

Yokohama..... Silver (apot)..... Silver (forward) War Conn

rio Escudos 1101

25,12) Peseta 36

361 6.0. 22.40

*15/07

2241

1/7

1101

96

$2.40 Lire 571

57 13/32

50.88d. per Peso 30 9/16 8.0.

391 S.0.

4.887 Dollars 4.810

4.84

407 Dollars -4.971

4.961

13.159 Kroner · 19.90

19.90

194.21 France

26.93d. per Gold 164.25 Kronen

74 19/32. 118

74.21/32

118)

18.150 Kronor 34864 Schillings

1459d. per Yes.

Mirela 41 8.0.

19.391 28" 1/2 11/32 22 5/16 221

# 8.0.

1/51 19.39) 261

1/2 5/16 227

71% 34% 1051

Closing Quotations.

September 2, 1934

UF LONDON:-

Telegraphic Transter..." Bank Billa, on demand Bank Bills, monthi'

Credits, four monthi

sight

sight

ON

SHANGHAI !----

On Demand

On demand

ON JAPAN.

On demand

ON BINGAPORE ZA

Yen 138, possibly a little higher. ON INDIA:

Guilders

Gullders 58 5/8, perhaps 58 3/4.

Shanghai Dollara

Shanghai Dollars 110 3716 nominal.

near.

Shanghai Market Sterling opened at 1/5 9/16 for near and improved to 1/5 5/8 for For forward delivery 1/5 11/18 was obtainable. Dollers opened at 36 7/16 for near and 38 1/2 for forward and rose to 38 5/8 for near and 38 11/16 for forward IN THE AFTERNOON The market opened strong in the afternoon session following Shang- bai, and in a measure reflecting 28rd Oct." locat Chinese selling pressure.

*(NEL) •.,“ISAR.................for Genos, Milles., Oran, R'dan,

H'burg., Bremen...

* 8th Oct. +(NDE) && "COBLENZ" ...... for Genca, Barcelona, Lisbon, Dover, A'dam. `R'dam, S

Hamborg, Bremen †(HAL) m.v. 4 ERMLAND "..... for Genos, Marseilles, A'werp.'

R'dam., Hamburg............ 18th Oct. + (HAL) m.x. “KULMERLAND"

for Genoa, Barcelona, R'dam..

H'burg...mini

27th Oct (NDL) m.s. "SAALE".. you for Genos, Marseilles, A'dam.

R'dam, Hamburg, Bremen... 1st Nov, Passenger Vessel Limited Passenger Accommodation,

N.D.L. HONGKONG/SOUTH SEA ISLAND SERVICE.

..." FRIDERUN" 2nd October, to MADANG,

J

RABAUL and ports:

For farther particulam and passage fares, ato, apply to:-

HAMBURG AMERIKA LINIENORDDEUTSCHER LLOYD JEBSEN & CO., AGERTS,

12, Pedder Street, Tel. 28383,..

MELCHERS & CO., AGENTS,

Queen's Building, Tel. 26378

CANTON - AGENTS:

CARLOWITZ & CO, Shakee Road.

THE

JERSEN & 00., Shamcan C. B.

WORLD'S GAZE

TJENS POLITICALLY, ECONOMICALLY, ARTISTICALLY-TOWARD

JAPAN

Where Oriental sharms are jealously preserved intact amidst

the most advanosă Oriautal Civilization.

4

THE JAPAN HOTEL ASSOCIATION

(Affliated with the FAIRMONT Horst Co. of the Pacifo Coast and..

The UNITED HOTELS Company of Ammson) MEMBER HOTELS

ITAMI:=

Hotel rates for Single rooms (without bath), including mala

Y 12.00 up incities and some popular resorts.

Atsin Horzi MAMI HOTEL."

KAMENO HOTEL. CHUZENJI (Nikko) Laxman HotL GIFT

10.00 up in country districta.

IN JAPAN-

[NAGASAKI :-

KOSHIEN-

KOSBIEN HOTEL

KYOTO

Kroto FloTEL

MITAKO HOTEL KIOTO STATION

HOTEL

NAGARAGAYAHOTEL MATSUSHIMA -

TORTO

IMPERIAL HOTEL MAXPEI HOTEL MAXUNOUGHT...

HOTEL OKONI HOTEL TORTO RAILWAY

Hort

UNZEN

JAPAN HOTEL

|NAGOTA: -

NAGOTA HOTEL İNABAN

NAIA HOTEL NIKK?) —

KAMATA BOTEL OSAKA:.

DOBIL HOTEL ONA HOTEL TAKARAZUKAHOTEL YOKOHAMA:- (Hakons)HIMONOJEKT-HOTEL NEW Fusta Hora SANTO HOTEL:

IN TAIWAN (FORMOSA) — TAIKOKU TAIWAN RAILWAY HOTEL

MEANING MANUHURIA: CHANGCHUN:—W

KAMAKURA --- XAUGH HOTEL KARUIZAWA---- MAMPAI HOTEL MIKASA HOTEL,

KOBE

* Oriental Hotel

TOE HOTEL

1NOHOSEN-

·HELJO ----

HELIO RAILWAY

KEIJO

CHOKER HOTEL

*PARK HOTEL

MIYAJIMA:-

MITAJIMA HOTEL

MIYANOSHETA.

Horai

DYAMATO HOTEL

DAIREN

Xamaro Kozet HOSHIGAUBA!---

YAMATO HOTEL

Open from April 1st and October Ba

BHISTU HOTEL UREEN HOTEL

GRANT

HOTEN Mukden

TARATO HOZNE }

BYOJUN (PS

THE JAPAN HOTEL ASSOCIATION Claes of Txarrio Bunkäy, DarixÉMERY OF RAILWAYS, CURTE,

Sterling was offered at 1/7 19/32 with buyers at 1/7 5/8. Business was done at that rate for October and for cash. Later at 1/7 21/32 for October and at 1/7 23/32 for November. Dollars were done at 40 3/4 for November....and 40.11/18 October. At this stage the market last some of its robustness and at

closing time there were sterling sellers at 1/7 19/32 and Dollars at 409/18 with buyers at 1/7 21/32 and 40 11/16, but middle rates might have led to business.

Yea

Yen 136 1/2.

Guilders Guilders 58 7/8.,

Shanghai Dollars Shanghai Dollara 110 3/16 sellers. 110 1/4 buyers.

·

Shanghai Market Sterling at 1/5 11/18 near, 1/5 3/4 forward. Dollars at 36 11/16 near,,36 3/4 forward.

H.K. SHAREBROKERS' ASSOCIATION

BUYERS

Bank of East Asia, $91.- Canton Insurances, $285, Underwriters, $1.10. Douglases, $41. United Paracales, 28 cts. Hotels, $5.40. Lands, $50.

Land 4% Deb: 18%. Wharves, $107. Providents (old), $1.43, Trams, $20. Ferries, $87. Yaumati Ferries, $21.10. Lights (old), $8,55, Lights (new), $8.25. Eléctriés, $71. Telephones (old), $23.35, Constructions (old), $1.65. Constructions (new), 78 cts. Gort. Loan 4% 71%. Govt Than 3% 4%. Vibro Filing, 03

*SELLERS

Canton Insurances, $288, HK. Fires, $249," Antamois, 69 cts. Bagulo Gold, 45 cts. Rauba, $123,

Hotels, $5

Lands $50L

Ewas $10.30.7

Yaumati" Ferrien, $211. Cements, 11,40,

SALES:

Gold Flyers, 2 cha Wharven," $1073. Trams, $20.20 Taghts (old)..." #3,65; Govt Losu 4%, 4%.

Telegraphic Transfer... Bank, on demand

EXPANDED

TRADE

Oy NEW YORE:

22 7/16 31% 105 9/16

Bank Bill, on demand 336 Credits, 60 days' sight.. 40% ON BATATIA----

On demand ON PARIS:-

Bank Billa, on demand aggi Credits, 4 months' sight +29 ON SAIGON:

On demand

10 X

ON MANILA vina

"Our Only Hope Of Paying"

(Special Air Mail Servics)

London, Sept. 13. ... "The only possible solution of

the economic difficulties of the world in general, and Germany in particular, is a complete mora- torium for Germany over period of several years.”

Such is the conclusion reached by Dr." Schacht, Germany's Economic "Leader." in a speech at the International Agricultural Congress now being held in Bad Elson: His main argument is:

"Germany 'can only pay the interest

on her debts if world trade expands. She cannot, how- ever, participate in this expansion if she is subjected to the pressure of an international process of deflation.

"There is, therefore, nothing else to do but to grant her a

years to complete moratorium of several recover. At the same time the give her a chance to

burden of foreign debts must be reduced in such a measure that after the moratorium ends they. will be permanently supportable.”

· Germany a ̈” Missing Kink” Dr. Schacht then calls for an international agreement which would give effect to these two conditions, and thereby remore. the decisive obstacle from the path of world trade recovery.com

"After this has been done," he said to-day, “Germany will, sa a matter of course, receive the com mercial credits which will permit her to resume her normal 'pur- chasing power, in the World's markets Buch credits have noth- Ing to do with the mistaken Intor- national financial policy of former years, for they will resolve them- selves in the normal way.

They were, indeed, at all times

3 necessary bridge: for the ex-

On demand

ON BANGKOK 1-

On demand

SOTIONS, Bank Baying

Rate

BAR STLYEK, per of

H. K. STOCK EXCHANGE

WEEKLY REPORT

There was a steady demand for investment stocks throughout the week with sellers holding off for higher prices. Any shares offer- ing were readily absorbed. Land Debentures opened with a very good demand and changed hands

small quantities at 2 per cent. Premium and close with buyers at 4 per cent, premium. Banks and Unions continue steady and in de- mand and both Government Loans for at higher rates are sought than those quoted:

Manila

changed hands to a considerable mining sharës have extent on the expectation of maid- en dividends in the near future.

Business Done During The Week

Hongkong Barks, $1725. Bank of East Asia $93. Canton Insurances, $285. Union Insurances, 8535, $534,

$535.

Hotels, $5.40, $5.45.. Realties, $4.70.

Tramways, 820.40 $20, $20.

$20.80 $20.20.

China Lights (Old), $8.60. Electrica, $71, #714.

Telephones (Old), 823.65, $23.80. Canton Ices. 12),

Cements, #1.40....

Constructions (New), 78 cts.

*Benguet Exploration, 18, ets.

Big Wedge, 11.cts.

PRESIDENT LINER TRAVEL SERVICE

Costs You Nothing

Dollar Steamship Lines and Améticem Mail Line offices and aợrats all over the world are there to serve you in whatev way, you may require. When you make your neart trips Europe of Amadca or up or down the China Cent, to use this friendly, complete service. It is absolutely freel

TO SAN FRANCISCO 18 Days To VICTORIA," SEATTLE- 11

via Shanghai, Kobe, Yokohama, Honolulu

Fortnighily sailinga

Free. Hoover ** Oct. 6, Neon Prow. Wilson..Oct. 29, Midnight Pres, Coolidge Nov. & con Pres. Lincei Nur. 20 Midnight Pres. Foover Deo. 1,8 a.m.

EUROPE, NEW YORK

Inquire fop readtrip. Makris ta Marope in connecting Wak Lloyd Trierilao, Via Mandia, Singapore, Penang, Colombo, Bombay, Buer Ossal Alexandria

Naples Genos, Marsalios.

Pres. Bayer...Sept. 28, 9 am: Proe, Johnson... Oct. 18, 8 a.m. Free Monroe Oct 17, S AF. Pres. Van Buren. Nov. 10, 8.30. Pres. Garfield... Nov. 24, 8 am,

via Shanghai, Kobe Tokohama

Fortnightly sailinga Pres, Grant... Oct. 12, Midnight Pres. Jefferson Oct. 26, M'night Fres. Jackson. Nov. 9, Midnight Free McKinley, Nov. 13 M'night

MANILA

THE MOST FREQUENT SERVICE

Next Sailings

Pres. Hayes Sept. 12, 8. Pres. Grant Oct. 6, 6p.m. Pras. Johnado...Och 13, 8 m Pres. Wilson Oct. 16, 6 pm

DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE

PREBAR BEILDING-HONG KOÑO. CANTON BRATOR :--4, 8BAKKI ROAD.

G

For Better Printing

CONSULT

The Hong Kong Daily Press.

All kinds of

Job Printing, Stationery, Book-binding, etc..

Undertaken

at Moderate Prices

Please Phone or Write to

HONGKONG DAILY PRESS

Tel. 20251.

Govt 4 per cent. Loan, 8 per SERVICE TO READERS

cent, Premium,

Chades (335 p.m.) Cloung

Quotations

-Buyerson

China Lights (old). #8.55.

H. K. Land 4 per cent. Deben- THE HONG

tures, 23 per cent, Prem." Govt. 4 per cent, Loan, :: per-

cent. Prem

Why Batea

E. K. Tramways, $20-20.

-SHANGHAI RUBBER

SHARES

Messrs. Carroll Bros have, re-

change of goods between nations.ceived the following cabled quota- When they again some into play, tons of Shanghai Rubber Haares. world demand will again extend Prices in Shanghal Dollars |to German at present the miss- ing link in the chain-and world trade will once more find Its equilibrium.

will then впред

Other "dimculties automatically dis-

Raw Material: Pricer

Dr. Schacht reasons that the fall in the prices of raw materials led to the world's crisis which began in 1928-1938 and

Anglo-Javas Angle, Dutch Chemors Consolidateds Java Consolid Kroewoeks

Tanah Merah Tebongs

Zangbe

∙ita Cilians in 1930. Then came the have falled, for such

colages of

apparatra

reant is impossible It

prices tank the modnetior/

- Attempts to gelir them since "tained, from the consi

Il Ice House Street.

CONSIGNEE NOTICES.

HAMBURG ALBRIKA LINIE

NOTICE TO CONSIGNERS.

KONG DAILY PRESS, LTD. T and the

HONG KONG WEEKLY PRESS, through their London Office, at 531 FLEET STREET, E.G.

and:

3137, are prepared give Subscribers

Visitors dvice regarding accommoda

vailable motoring fac

tion

$12.00

8.30

litles,

centres, etc.

when at ho the

buying asrived Ports of d

hereby noted

being landed

into the Hong Kon and Godown Comp Kowloon where

Optiona

DRIAN