LLOYD TRIESTINO
FLOTTE RIUNITE LLOYD TRIESTINO-MANTIMA ITALIANA-SITMAR
EXPRESS PASSENGER SERVICE"
NEXT SAILINGB
For Shanghai
As "CONTE ROSSO"-
良い
For Italy
41
-
Srd November
Calling at Singapore, Colombo, Bombay, Suez, Port-Said,
Brindisi, Venice (London by rail) and Trieste
AS "CONTE ROSSO"
He
15th November
For full particulars and reservations of recomïmodation apply to :-
LLOYD TRIESTINO Queen's Building, Ground Floor,
Tel. Add. "LLOYDIANO."
P. O. B. 143. Telephone 23024.
Agents, CANTON, Messi DODWELL & CO., LTD.,
SHAMEEN.
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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. 30251.
CANTON SILK MARKET
The Kwangtung Raw Silk Test- ing Bureau, Department of Recon- "struction. Canton. China.
"
Canton Quotations
October 13.
Extra O...13/15 H.K. $380N. Small Extra 0.9-13/15 H.K.
$350N.
Cracks NS. 14/16 H.K. $200P, Extra Extra 20/22 H.K. $260N. Waste N.S. Open H.K. $51N.
Yokohama Quotations.
October 15.
Opening
Yen 510 Bourse six Months Yet 515
Spot
New York Quotations
October 10.
October 13.
CLOSED
New York Quotations are ob. tained through Courtesy of Ameri-
can
Oriental Finance
Corpora-
'METRO-VICK" SALARY RESTORED
11, Ice House Street,
The Board of the Metropolitan- Vickers Electrical Company, Ltd., Trafford Park, Manchester, has decided to restore immediately the cut of 5 per cent, in salaries which was Imposed' in October, 1931. owing to the industrial depression. '
AUSTIN MOTORS' RECORD PROFIT
An increase of £318,772 in pro- ats to the record total of £1,505,- 212 was shown by the accounts of the Austin Motor Co., issued yes- terday. The directors state that a record number of cars; vans arid chassis were sold during the year.
CHINA'S SILVER TAX
H.
HONG KONG DAILY PRESS, WEDNESDAY, OCTOBER 17, 1934.
H. K. STOCK EXCHANGE
YESTERDAY'S OFFICIAL
QUOTATIONS -
Although the volume of business put through during the day was not large, there are indications that investors are showing a keen- er interest
Many of the lower priced coun- ters were sought after, the market closing withi a distinct steadier undertone.
11,
ין
Sales
H.K. Banks, $1580,"
Underwriters, $1.15.
Hotels, $5.20.
Realties. $4j.
China Lights (Old), $8.65.
Buyers
H.K. Banks, 61565.
Ewo Cottons, Sh, $10.
Hotela, $5.30. *
HK. Lands, $50.
HK. Trams, $194.
China Lights (Old); 58.65.
China Lights (New), $8.40.
Singapore Tractions, 5/- Constructions (New), 78 cents.
Sellers...
HK. Banks, $1585. Union Insurances, $150.
THE EXCHANGE MARKET
· MESSRS. KOZA BROS.
LONDON EXCHANGE RATES
(BRITISH WIRALING SERVICE)
On Amsterdam Athena..
Sterling Parity Oct 13
13.10 Florins 7-194
Oct. 15. 7.19
375 Drachinne
510 9.
Selgrade
276,316 Dinar
th
Berlin
20:43 Marks 12.11
12.10
Bombay
is. d. per Rupee 1/8 1/18
33 Belgas 20.91
20.87
813,568 Lei
490
Buenos Aires Copenhagen... Geneva Helsingfors Hongkong Lisboa Madrid
47.58d. por Peno
384 S.O.
19.180 Kroner
32.40
22.40
25.22 France
14.96
14.05
193.23 Marka 3264
2265
1/81
1/81
110.
Silver prices moved up yesterday to the extent of 1/2 for both de- liveries. The export restrictions in China encouraged further speculative buying but China was reported to have sold. The mar- ket was active throughout the day and closed steady at the oficial rates. New York Sliver was quoted at 551.
In New York Sterling opened at 4.90); and closed at 4.914.
Market
Somewhat hesitant at the open-
Brussel
Buchares:
Milan.... Montevideo
Montreal
Paris...... Prague
110 Escudos 25.22) Pesatar 35 3/32.
110 (?) 35 21/32 56 15/16
92.48 Lire 57
30.38d. per Feso
New York Oslo
4.867 Dollars 4.867 Dollar 4.921
39-15/16 8.0. 4.82
4.807
4.911
Rio de Janeiro.
18.159 Kroner
194.21 France 74 1/32 164.25 Kronen 26.93d. per Gold
19.90
19.904
73.5/16
1161
1161
Milreis
18.138 Kraor 34.554 Schillings
4 S.O. 1/6 3/18 19.39 201
Yokohama
24.684. par Yen
Silver (spot)..........
1/2 1/16 241
1/2 1/16"
347
Silver (forward)
214
25
........... 20% 31% -
34 105 9/16
Shanghai
Stockholm
Vienna
War Loan
UN LONDON:-
Closing Quotations
October 16, 1934.
Telegraphic Transfer... Į Bank Billa, on demand 19 Bank Bills, 4 months'
sight
ON SINGAPORE:---
ON NEW YORK:-
1/5 15/16 19.391 263
Bank Bills, on demand Credits, 80 days' night.. 4 i ON BATAVIA :--
....... 601
Bank Bills, on demand 621) Credits, 4 months' sight (52
18
On demand ON PAMIN :--
Credits, four months'
sight
ย
ON SHANGHAI:-
ON SAIGON-
On Demand
112
On demand
02)
ON MANILA ~~~
712
On demand
2!
ON BANGKOK:-
On demand
144
Un demand
ON INDIA:-
SOVERLIONS, Bank Buying
Telegraphic Transfer...
·Hate
1/82
Bank, on demand
BAR NILVER, per os.
21
On demand
O'N JAPAN=-
London Financial Notes
(Special Air Mail Service)
London, Sept. 28. ing but nevertheless steady," sub-
For the first time since Decem- séquently frming up considerably, ber, 1929, the price of silver ex- Towards 1 p.m. the market reactedceeds 22d per. oz. The quotation and the strength was not quite so for cash bargains was fixed yes- evident.
terday at 22 1-18. The level of 220
Sterling
• Business was arranged after the opening at 1/8 for near delivery followed by transactions at 1/8 9/16 for November and near. Sub- sequently business was transacted | at 1/8 for November and October and 1/8 11/16 November. Towards 1 p.m. the market reacted and offers at 1/8 21/32 November and 1/8 near were accepted 1/3.21/32 was also done for December de- livery. The market closed with sellers at 1/8 9/16 October/Novem- ber and 1/88 December." buyers at 1/32 higher respectively.
U.S. Dollars
·Business was done during the course of the morning at 421 for November delivery. The market closed at 1 pm. with sellers at 42 1/18 for near and 42 November, buyers at 1/16 higher respectively.
Shanghai, Oct. 16." The imposition by China of a tax of 10 per cent. on silver ex- ports is praised here generally as an astute piece of strategy by silver experts.
The action which curtails the chief source of supply for the United States under its silver buy-" Merchant rate 145 but business ing programme as laid down by was done as high as 147. Congress, resulted in a sharp ad-
Yen
Guilders
vance in the price of bar silver 60% up to 81.
Shanghai Dollars
88 arbitrators who had sold against purchases in China hur- riedly covered.
A soaring market as the resul: With the certainly that the of the exchange market in Shang- Government will not abandon its al being weak. Business was purchases. informed circles here done from 113 up to 117 closing assert that the law of steady dewith sellers at 1154. mand and curtalled supply will further enhance the price of sil-
Meanwhile, banks and bul Ver. tion dealers agree that unless the price of silver here
bas always seemed to "be an in- superable obstacle which specula- tive and American demand could not surmount, but now that bar- rier has been crossed, speculative appetite may be whetted. Ever since the U.S.A. embarked on a policy to provide a backing of 25 p.c. of silver for the currency, the rise has been restrained only by the limit to which the U.S.A. could go with a fixed American buying price. ·
The extent to which China was prepared to dispose of her holdings
PRESIDENT LINERS
are
LUXURY
13
LINERS
with Superior Accommodations at Low Fares
"
IL
All President Liner staterooms are outside, large and airy with hot and cold running water. And the majority of the cabins are equipped with berthor shower, available at only slightsup- plementary charge... Another example of the fact that you may travel in splendid hurury on President Liners, at ustam ishingly little cost. Investigate before you plan your next trip.
To SAN FRANCISCO 18 Days To VICTORIA, SEATTLE 17 Days via Shanghai, Kobe, via Shanghai. Kobe. Yokohama, Honolulu
Yokohama
Fortnightly sailings
Pres. Wilson. Oct. 28, Midnight Pres, Coolidge... Nov. 3, Noon - Pres. Lincoln Nov. 20 Midnight Pres. Footer Dec. 1,8.m1. Pres. Cleveland.Dec. 1, M'night.
EUROPE, NEW YORK
Jaquire for round-trip tickets to Europe În connection with Lloyd Trentino,
Via Manila, Singapore, Fenang, Colombo, Bombay, Ɛnes Cantil Alexandria, Naples, Genos,
Martellen.
Pro. Monroe... Oct. 27, 8am. Pres. Van Buren. Nov. 10, 8a.ro. Pres. Garfield... Nov. 24, 8am. Pres. Polk..... Dec. 8, 8, Pres. Adama... Des. 22, 8 a.m.
Fortnightly saïlings Pres. Jefferson....Oct. 26, 10 xm Prea Jackson.Nov. 9. Midnight Pres. MoKioloy, Sov. 23 M'night Pres. Grant.....Des T, Midrigt Pres. Jefferson. Poc. 21, Mhaight.
MANILA
THE MOST FREQUENT SERVICE
Next Sailings Pres. Jefferson....Oct. 20, 6 p.m. Pres. Coolidge.....Oct. 25, 9 p.m. Fres. Monroe...Oct. 27, 8 à.m. Pres. Jackson... Nov. 3, 6p.m. Pres. Van Buren Nov. 10,8 m.
DOLLAR STEAMSHIP LINES - AMERICAN MAIL LINE
FIDDER BUILDING--- HONG KONG, CANTON BRAŃCU :—4, SHAXEM HOLD,
CONSIGNEE NOTICES.
HAMBURG-AMERIKA' LINIE,
NOTICE TO CONSIGNEES.
entered again on a weak phase. Despite larger supplies of gold in the bullion market, against which francs can be sold, the movement of funds is against London, and the pound is also weak in Parla THE MV
CONSIGNEE NOTICES.
SILVER, LINE.
NOTICE TO CONSIGNEES
FROM
NEW YORK AND OS ANGELES
THE Moter Vessel
"RUHR"
Parts of call, Consignees of Cargo are having arrived from Hamburg and hereby notified that their Goods are
"BILVERSANDAL" being landed and placed at their risk | having arrived from the sture Port an into the Hong Kong and Kowloon Wharf 18th Oct, Consigness of Cargo are and Godown Company's godowns at hersby informed that their Goods are. Kowloon, where obtained sa soon as the Goods are landed. Godowns of Hong Kong and Kowloon delivery may be being landed, at their ruk into the Optional Cargo will not be landed Wharf and Godown Company, Limited, hers, unless Notice has been given 49 Kowloon, and stored at. Consignesa risk · hours prior to vessel's arrival, but carried and expense on from port to port to the final port of
All broken, chafed, and damaged Goods call to which the option extende.
No Claims will be admitted after there to be lef: in the Godowas, where Goods have left the Godowns, and all
they will be examined "on Monday,
Saturday, the 20th Oct., 1934, will be Goods remaining undelivered after the 2nd Oct., 1934, at 10 am subject to Rent.
United Steel Profit Increase The full report of the United Steel Companies will reinforce the excellent Impression created by the preliminary figures issued earlier in the month, for it shows that the expansion of earning power has been even greater than then appeared. The net figure of £947,680-which contrasted with £351,438 for 1933 and
was more than five times the 1933 figure- droves to have been struck after charging 153.038, or more, for income-tax. Gross earn
£89,971
of the metal was another factor.
ings are therefore no less than Now that China has doubts of the £685,631 larger at £1,191,665,
All broken, chafel, and damaged Goods are to be left in the Godowns, expediency of selling unlimited
The report also throws some where they will be examined on Friday, amounts one restraint is modified. light upon the conservative divid-19th Oct., 1934, at 10 am, by our Last week the U.B.A announced end policy for the board has Surveyor, Messrs. Goddard & Dongle. that it would resume silver pur- allocated £150,000 to tax reserve, To comply with the General Bonded chases, much to the surprise of besides raising the depreciation have Revenue Officer in attendance Warehouse Regulations, consignees must the market, which had not appropriation by £25,000
to when damaged dutiable goods are observed any absence of Ameri- £275,000 and placing £25,000 to a examined. can demand.
The current view staff fund. These appropriations
All claims must reach us before is that
yesterday Washington | substantially exceed the amount Tuesday, the 20th Nov., 1984, or they was a whole-hearted buyer. With required for the 54 p.c. dividend
will not be recognized, sterling weak, it required fewer (£282,023), but, even so, the carry-
No Insurance will be affected. dollars to make the purchases, forward is raised from £230,380 to and by this means also the sale of £440,037. dollars to provide the sterling for the silver offset a persistent de- mand for New York exchange.
+i
Strength of the Dollar
All Claim must be presented within 15 Days of the vessel's arrival here after which fiate they cannot be re- cognized:
Goods have left the Godowns, and al“, No Claims will be admitted after the Good remaining, andelivered after the 23rd Oct., 1934, will be anbject to Bent.
by
No Fire Insurance has been affected, Bills of Lading will be countersigned.
FURNESS (FAR EAST). LTD. 4th Floor, King's Building, Connaught Road.
Bill of Lading will be countersigned by Hong
JEBSEN & 00,
Agenta
This impressive recovery is at Hong Kong, 15th Oct. 1984 tributable to a marked expansion in the steel trade generally, the group's output having increased The US dollar's strength is a from 905,000 to 1,351,500 tons; pro- Shanghai Market
shattering comment on the, de-ducing a consequent reduction in The reaction to the new tax on silver was
valuation of that currency." When the weight of overhead charges. extremely weak relieved from the confusion creat- market in Shanghai this morning. | ed by fresh devaluation rumours, substantially higher, exports from Dollars at 47 1/16 but both cur- prevent the dollar from rising. Sterling opened at 1/8 1/16 and the current becomes too strong to China would be, effectively check-fencles lost ground consideraly ed. Moreover, even the price during the course of the morning, continued to rise the sliding basis the morning session closing with
for the equalisation fee
moves
imposed
by China would operate to keep the bulk of any profits in China. Reuter.
H.K. SHAREBROKERS' ASSOCIATION
BUYERS Underwriters. $1,10. Douglases, $41. Hotels, $5.20. Lands, $50. Ewos, $9.80. Providents (Old), $1.45, Trams, $194.
Yaumati Ferries, $211. Lights (Old), 48.65. Lights (New), $8.35, Canton, Ices, $2.55. Constructions, (New), 78 centa. Nanyangs, $4.05.
Gold $ Bonds, $85 per cent. Vibro Piling, $81.
SELLERS
Banks, $1,590. ́ ́
Telephones (New), $10.30.
an
the market weak.
...IN THE AFTERNOON The market erratic in the after- noon, the undertone at the close was steady.
Sterling Business was done at 1/8 9/18 for December followed by transac- tions at 1/8 17/32 November, 1/2
9/10 second half, November, Anish- ing with sellers at 1/8 for near, 1/8 17/32 November. and 1/8 9/18 December, buyers at 1/32 higher respectively.
U.S. Dollars Business was done at 421 Feb- mary and 42 3/16 January. The market closed with sellers... at· 417
near, 41 15/16 November, 41 1/10
com-
December and 421 January buyeri of the accident, she was probably at 1/16 higher."
Yen
The obvious trend has doubtless brought in deferred purchases of dollars, but with tobacco, cotton and all being paid for, the dollar's strength is seasonal,
de-
The insistent commercial mand more than counteracts the impression made by official pur- chases of silver, and also a notice- able demand from the DBA, for certain foreign bonds. It is also believed that Canadian securities are being bought from New York. The net result is that sterling has
MORE GOLD FROM THE EGYPT
£30,000 Worth Landed At Plymouth
(Special Air Mall Service)
Plymouth, Sept. 23.
11924
CONSIGNEES' NOTICE.
TAR BET LINE STEAMERS, LIMITED.
FROM MIDDLESBRO”, ANTWERP, LONDON AND STRAITS.
The Steamshiy * BENGLOŻ"
CONSIGNEES of Cargo are hereby informed that all Goods are being The Artiglio arrived at Plymouth isnded at their risk into the hazardous during the night, and this morn-snd/or extra hazardous Godowns of the ing landed gold to the value of Godown Co, Ltd, whende and/or from Hong Kong and Kowloon What and approximately £30.000, consisting the whares Delivery may be obtained." of 19 bars of gold and about 5,400 No Clams will be admitted after the sovereigns, which had been re- Goods have left the Godtowns, and all covered from the lowest deck of 23rd Oct, 184-4, will be abject to Kent,
Goods remaining undelivered after the the Egypt. Four of the gold bars weighed 400oz, each and the re- A very erratic market. Business ; maining 15 100oz each.
Shanghai Dollars
H
All Claims against the Steamer most be presented to the Undersigned es or before the 6th Nov., 1884, or they will
was done from 1161 to 1171 but at The Artiglio returned to the not be recognised.
ers at 1164.7
Shanghal Market Sterling opened at 1/51 easing to 1/5 5/id but at this point the market reacted to 1/51 At the
To comply with the toneral Bonded
The
Dial 23165.
Kong, 16th Oct., 1984,
AGENCIES.
13:028
London Offee of the HONG KONG DAILY PRESS, 68, Fiber, E.CA, in constant ly receiving Enquiries from Home Manufacturers regarding Suitable Firms to act as Agents for their products in Hong Kong and South Chima,
Local Companies desirous of taking up furtor agencies will let us know the Lanes in which they a10. mtéreated the information will be forwarded to London and passeči on to interested parties se opš portunity offers,
This
Bervice- ii offered to our Readers. without charge and, of course, no obligation is incurred on either mide.
The Required Information shaght: sint to the
the close there were Chinese buy-wreck of the Egypt on August 27, Warehouse Regulations, consignees must bat during the, whole inter-tides have Ravenna Officer in attendance period until September 8 weather when damaged dutiable goods we prevented any work on the wreck.stained. After the high tides the Artiglio, All broken, chafed and damaged Goods again went out on September 14, are to be left in the Godown where BONG KUNG DAILY PREGS, LTD they will be examined on the 2nd and it was found possible to work Dot 1934, at 10 by Mears. on September 18 and for a few Goddard & Dougland and hours on September 18. In this No Fire Tomarazice bse been edisonid.
Bill of Ladhat will be countersigned GIBB, LIVINGSTON & Co., LAD
Agente. Home Kong, 18th Oct., 1934.
2927
close however the selling rate was, 1/5 5/16, Dollars opened at 35 9/18, and firmed up to 351 but
The by
145, but at the close possibly not weakened subsequently to 35 9/16 short time the gold landed this higher than 1441..
| possibly 35). - Chinese are report- | morning was recovered. Guilders 60%, closing at 60%.
Led to have covered to an enormons | Artiglio left Plymouth this after- extent in "Bhanghai to-day.
:1), Ich Haus Brum.
Hour Kont
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