1935-02-07 — Page 12

12

DAILY SHARE QUOTATIONS

Hong Kong Stock Exchange

Sharebrokers' Association

Bayere dakle

Sala Stavrinar

WEDNESDAY.] FEBRUARY, 6.

Hollere duyer

Salon

590

3:0

Banks

H.A. Banks

$b. Flu Corp. ad S.

1Ju

$1,630

31,530

$1 528

(ex dir. £137)

Ea. (London)

215

Chartered Banas ........

2312

Mercantile Bis. "A"

213

Do,

Bank of East Asia...

2154" £32 £13

300

NO. & S. Backs

$5

Am. 0. Fiu. Corp: 5.

Pref

Insurances

Canton LusATIN (AGAN,

$976

$250

Underwriters

$1.30

1,25

$485

Union Insuran...

$430

$490

China Fires*** 2465

H.K. Fires...

$8271

$228

International Ausco, S.

Shipping

340

Douglasca $39

#7

Steamboats

330

Indos (pret.)

$33

Do. (dut.)

53/1

Shells then s

37 $30 $36 627-

138

Waterhouta

$13

Mining

80 cts, ar Cr

Baguio Gali

38 ct.

$13

85 ota

37 CCR

79 et

$143

Amtamoks

Balateos

Benguet Consolidated

18 cza. Do. Exploration

10 ot. Do "Goldfield ...

10 ot. Big Wedge

Bur $1.20

HONG KONG DAILY PRESS THURSDAY, FEBRUARY 7, 1935.

SHANGHAI REPORTS OF MONETARY REFORMS

Matter Placed In Correct Perspective

LATE NIGHT

CABLES

The following cables were received Jast night by "the American Oriental Finance Corporation and Messrs. 8. E. Levy & Co.:-

London Forecast -

There is no likelihood of any change in conditions on Wall Shanghal, Feb. 3. point the Monetary advisory Com Street but confidence is being Last week various reports were mittee in order to create a regular ¦ derived from the Stock Exchange being circulated in Shanghai, des- and institutional body to keep the programme to limit fluctuations cribing an alleged "vitally impor-Minister of Finance in touch with after, the announcement of the tant conference" convened by the views of the leading bankers decision on the Gold Clause case. Generallsaimo Chiang Kai-shek in in the country... The Committee Rubber prices are expected to the Capital, to formulate plans for which is newly formed has as yet open a little lower. setting in train' immediate reforms made no definite recommendations Wheat is forecasted to rule easy. in China's monetary and financial regarding concrete action to be but the market has technically im-' system.

taken in connection with the pre-proved. The weather in the wheat sent financial situation and no belt is improving. schemes for monetary reforms "In cotton, while liquidated but have been worked out.

narrow because of the impressive hanging Dr. Kung said, "Clearly the im- catalogue uncertainties. portance of the appointment of over the market, the Southern this, Advisory Committee has been, "Spot" report is most encouraging. greatly exaggerated. Even if at some later, date the

Reuters who, on January 31 elicited an official denial of these reports, learn on the highest au- thority that not only did no such "conference take race, but that the Monetary Advisory Committee which has been stated, mistakenly, to have been appointed as a result of the alleged Nanking conference, was decided upon-in Shanghai some months ago by the Ministry of Finance, and was in no sense the result of the Finance Minister's recent visit to Nanking."

Committee

does tender advice proposing NEW YORK STOCK QUOTATIONS measures for monetary reform, It

Appear du Face 2 is quite impossible at this stage to foresee what decision would be made by the Chinese Government:" $ any such decision would be in- Interviewed by Reuter in Shang-Auenced by the situation at the thai Dr. H. H. Kung said he de- | time."-

cided some months ago to ap Reuter."

35 o

Blots.

10 ct.

22jute. Gold it.rer..

sleetn

TAR

38 cts.

Gold Cruck.... ....................

United Paracales .......

16.

Salacot Mining

રે

Ipu Mining....

42 cts.

Itogons

19/3

Kadians

19

$15

Langkats (single) 8,

#15

Explorations.

16

Shanghai Loans

.

$8.80

Raube

35

Venezuela Gold Fida.

$118

Docks, WharYMI,

Godowns, ate.

H.K. & K. Wharves,

Providents (old)... $1.25

Do. (new)

H.K. & W. Docks

& China Motam.'A'

1

$190 Shanghai Ducks S.

30 cta

Bulidings

"B"

10 ct.

$5,80

New EngineeringsS.

$309

Hongkewa

Lands, Hotela, and

$4.90

H.K. Hotels.

$50

H.K Lands.......................S.] #50]

$101

Do: 4% Debentures

AKT

$12.

Shangnai Landa.....5, Metropolitan Lands..

15.10

H.K. Realtics.........

Suf

Chins Do .........

3123

Da. Debenturess.

$10

New Asia Hotel

$:0J

$24

"B".

$88

Chinese Estates......

$9.90

Ewor

8.

174

S'un Cottona(old)S.

8457

Do. (now)S.

89.30

Zoong Singe......S

355

3201

$99

$10.20

3701

$10,2)

12+1

11 11ལྐོ པོདྡྷིâ༅། རྣམཚོ༔དྡྷི ཙྪིམནཱིཔྤཡྻ

Humphreys ****.

Asia Realties "A"8.

Do.

Cotton Mills

Wing On Textiles(S.)|

Public Utilities

.....$20.30

Peak Trame (old)...

Tramways...

Do. Star Ferries

(now)...

********* $98

Yaumati Ferries ... $213

Chins Lighta (old).......{'$10,10)

Do. (new)...)

H.K. Electrica Macao do.

joni: de

རྒྱ ཎྜ ཎྜ ༅ རྟ ཎྜ ཟི ༅ སྐ རྟ ཎྜ རྔ ། དྲི ང ས བཿ ཏྶ 2 ཀཽ 11 1:ཀ བ ན

དཿ 1 ཤྩ ་

$5.10

$50 $50)

1%

191

525

!!

$9.10

$74.

3443

20.40

$61

$4

322

9:0.20

$231 $94

Sandakan Lighta........

Telephones (old) ... 8251

(new)

Do.

$12.40 China Buses...B

Tractions ***erien

Dy

(prat.)......

Industriais

Malabon sugara

Caidbeck,

1182 Macgregor (prof. 18.

Canton Les

Cementi

Hopese becausea, Bacellaneous

Dairy barry,

Der A Wings...

Amusements ......

Ch. E'tiinments...... $6.15 Constructions, (old)] 311

Do,

Lane Crawfords..............

Mackintoahs

Nanyang Tobacco... 34.55

18 Sinceres ...... $81

WatsonserumDg! |

70 ota. Wm. Powells.........

M. Greyhounds.....

8. O. Enterprisem

United Theatros ..... 8.

|Ch.G,6219250.#Bds.

....

$2

$1.35

[new] 50 sta.

$1.90

3 ota

331

$1.20

55 ots

81.36

89"/

H.B. Gorb 4% Loans 6%

prea

Do.

81%

37%.

371

Wallace Harper.............

$105

H.K. Wing

θα

8103

B'hai ·Da

Vibro Pileng

305 351

5

AIR MINISTRY PLANS

Chain of Wireless Stations

London, Feb. 5. The Air Ministry announces that plans have been approved for the establishment of a chain of civil aviation and wireless stations throughout the country so as to afford full facilities for direction- fading, for communication with aircraft and between airporta

Three new stations came into operation last year at Hull, Porta

mouth and Belfast. A further six will be placed at suitable sites during 1935, with the object of pro viding a direction-finding net- work covering new internal routes, as well as to serve the needs of individual aerodromes.

THRILLING RESCUE IN

CARIBBEAN

Author Describes Ocean

Drama

Saling the Caribbean in quest of material for a дет book, Hendrik de Leeuw experienced the thrills of a rescue at sea when his ship hit a submerged rock off Trinidad. The author of "Crossroads of the Java Sea," "Sinful Cities of the Western Worlds" and "Citles of Sin" describes here the drama- tic events that followed the wrecking of the liner Vestvari-

gen.

Port of Spain, Trinidad Quick thinking by Captain Mattheis Oran saved the liner Vestvangen from a watery grave when it struck a submerged rock of Matelot Point, on the northern coast of Trinidad.

wife

vangen. The passengers had barely partaken of a hasty lun cheon when we were ordered on deck again. All the baggage was lined up and was ordered down; filled with the baggage.

BRITISH TREASURY"

RETURNS

London, Feb. 5.

The latest Treasury returns show that the total ordinary revenue for the financial year up to February. 2 amounted to £537,758,359, as compared with"£548,224,122 for the corresponding period of last year. Including self-balancing revenue, the figures are £512,073,359 and

£619,876,122 respectively.

Income Tax collected last week amounted to £19,239,000, bringing the total to date to £141,437,000, as against £138,083,000 at the corre- sponding date of last year.

Total ordinary expenditure up to last Saturday was £597,841,765, as compared with £585,110,378 on February 3, 1934. With selt- balancing expenditure, the total for the current year is. £671,956,- 765, against £660,066,876 in 1934- British Wireless,

a second Hfeboat NEW WARSHIPS

Two Lifeboats Leave

"The Ship

י

Names Of Vessels In British List

The Vestyangen, which I board. ed at Farimaribo Saturday, was loaded with 2,000 tons of bauxite

Ten minutes later, two lifeboats consigned to an American part. left the ship, for the fear of an She carried Captain Oran, a crew explosion grew as the engine room. of 28 men and six passengers, in- became inundated. We

(Special Air Mail Service) were cluding, besides. Mrs. Le Leeuw

ordered to row

away from the and myself. the captain's

London, Jan." 18, ship as fast as possible.

In a statement issued recently and daughter, aged nine; William

Captain Oran was calm through the admiralty refer to the renam- Olyklager, a merchant headed för

it all. He had sent out an SOS ing of the cruisers of the latest San Salvador; and J. H Cabrera, immediately after the

vessel type (9,000 tons) after important representing an American com-struck the rock. The liner's cities, which was announced by pany.

agents had radio-ed back that s the First Lord in the House of Captain Oran, a careful, Nor

motor launch was on the way. Commons the other weglanborn

day. The skipper, exercised

Later the sister ahlp Austvangen, Minotaur, building at Vickers- extraordinary care in the turbus loading at Port of Spain, was re- Armstrongs, Limited, on the Tyne, lent waters, which were growing ported on the way to our rescue. 1 to be renamed Newcastle. The steadily rougher on Monday mor-

Other ships were reported steam- Polyphemus, building at John. ning as we approached Matelot ing toward us at full speed. Point, the northernmost point of Trinidad.

As the waves grew more tur- bulent, all hands in our lifeboat, Threw Me Clean Off A Sola including the captain's wife and I was working in the smoking Mrs. De Leeuw, helped in hand room on my next book, "Crossing the oars. The teamwork was roads of the Caribbean Sea," when I felt a jolt which threw me cleani off a sofa and over a table, along with my typewriter. My. Orst thought was that we had struck a whale. But captain sent down message ordering the passengers to prepare their small baggage and get into lifeboats,

The ship began listing badly, leaning toward the forecastle.

magnificent and spirts were high, Slowly the Vestvangen leaned over, her nose digging, deeper into the shallow water. All hands on the ship were ordered aft, with the captain, sticking to the bridge.

Austvangen Seen On

The Horizon Shortly after 7 o'clock in the evening, the Austvangen was seen

Brown and Co., Limited, on the Clyde, is to be renamed Southamp- ton. The name Southampton, adds the notice, has been sub- stituted for Minotaur as the class. name for vessels of this type. The following names have been assign- ed to ships of the 1934 construc- tion programme."

Night Quotations

of New York Stocks and Commodities

Our offices are

p.m.

open from 10

midnight,

until every night except Sundays and New

York holidays.

The opening quotations of a selected list of New York Stocks and of Commodities will be received in our offices ut - approximately 10-minute intervals.

Thus, our clients hare, on the same evening, quotations for -the morning session of the New York Stock Exchange.

Advices of executions on orders placed during the night Bessions are received within the half-hour.

American Oriental Finance Corporation

Asia Life Bldg.

MEMBERS:

Federal Inc. 0.8.4. Hong Kong.

S. E. Levy & Co.

7 ICE HOUSE STREET INVESTMENT BANKERS BROKERS

NEW TORE COTTON RICHANGE." COMMODITY BIOHANGE, ING. N.T.

CHICAGO BOARD OF TRADE

CANADIAN COMMODITY EXCHANGE, 'INC."

CORRESPONDENTS FOR

WHITE, WELD & CO., NEW YORK.

Tel. 26631-

NEW YORK STOCK

COMMODITY QUOTATIONS

AND

American Oriental Finance Corporation and S! E. Levy & Co.

Sterling, New York-London Cotton: March

Feb. 5

Feb. 6 Close "Open" 10.30 10.45 11.00

THE

4881

4881 4884 488

12.34

13.30 12.31

12.31

Cotton: July

12.38

12.36 12.36

12.36

Rubber: March

13.78

12.69 12.65

Rubber: July

13.07

12.98 12.97

12,64 12.90

Wheat: May

*941

041 941

Wheat: July

88

871

872

Com: May

821

82

821

Winnipeg Wheat May

824

82

821

STOCKS

American Smelting

33

337

331 331 334

·Consolidated gas of N,Y. Du Pont....

10

19

19

93

93

93 931

57

301 30

301 301 301

81

81

82 87

317

31 314

314

25+

251

251-251 254

251

26

26

161 101

20 101161

251

161

*392% 391 351 357

391 391 391 35) 3635

El Bond and share General Motors Int. Tel and Tel Loew's Inc. Montgomery W. National Distillers. New York Central Standard Oil Co. of NJ. U.S. Steel

COMMODITIES PRICES

New York, Feb.

New York-Cottom

February-5.

July

Sept.

New New New

1.92 1.92/93 1.85/95 Old Old Old M 1.98 1.98/99 2,00/01 New New-New 1.97 1.97/97 1.89/90. Old - Old Old 2.03 2.08/04 2.06/06 New New New

2.02 2.02/02 2.03/04 Old Old Old 2.09 2.09/11 2.12/12 New New New 2.08 2.08/08 2.10/10 sales: Old: 23,000 tons, New: 20,000 tons, th

Cruisers (Bouthampton clas8)** Glasgow, to be bullt by Scotts Shipbuilding and Engineering Co., Limited, Greenock; Sheffield, by Vickers Armstrongs, Limited, Walker-on-Tyne machinery at Barrow); Birmingham, by Devon- port Dockyard. In less than 20 minutes we were on the horizon, anchoring five

Closing Opening Closing Critser (Arethusa class), being lowered in Lifeboats in miles from our position. Wireles

Mar. 12,25 12.32 12.32 12:33 12.34 Aurora, by- Portemouth Dockyard. charge of the second mate.

order came from the captain to

May 12.31 12.39 1238 12.39 12.39 Aircraft Carrier.Ark Royal, by July 12.31 12.39 12.38 12.37 12.38 A strong current drew our life-take the lifeboat loaded with bag-

contract: boat towards the churning pro-gage in tow, and, for an hour

Oct. 12.22 12.27 12.26 12.28 12.28- Flotilla Leader. Hardy, peller, but thanks to the super..

by and a hall, we rowed through Cammell Laird and Co., Limited Jan. 12.30 1831 12.31 12:37 12.37 Dec. 12.29 12.32 12,82. 12.36 12,36 natural strength of Olyslager, who heavy seas until we were in sight Birkenhead stuck a hook into the ship's side of the Austvangen, guided by the

(1935). Destroyers (Hero class)--Heru Spot. 12.50 our boat steered clear of the dan- faint rays of a crescent moon and and Hereward, by Parsons Marine.

an oil lamp, which often was ex- Steam Turbine Company Limited, Mar. 12.76 1281 12.84 12.78 12.76 Mar. 1.35 1.33 1.334 1.33 1.33 ger.

by_the___mor tinguished by the

Increasing Wallsend-on-Tyne, hulls by Vick- wind

12.55

* New York Rabber

Total

New York Sk

·1.341 1,34) 1.33) 1.331

Total sales; 218 lots

Captain Oran and the balance of the crew stayed on the Job

ers-Armstrongs, Limited, Walker- May 12890 12.93 12.93 12.93 12.95) manning the pumps of the Vest- Finally we reached the star-on-Tyne, Hasty and Havock, by July 13.028 13.10 13.10 13.08 13.07 May 1.35 1.33 1.337 1.33 1.33 vangen. The ship had struck a board side of the Austvangen, William Denny and Bros. Litted, Sept. 13.21 13.24 13.28 13.23 18.25 0.35 submerged rock, uncharted on the and owing to the heavy seas, we Dumbarton; Hostile and Hotspur Oct 13.30 13.30 13.30 13.31 13.31 navigation map.

had dimculty in getting to the by Scotts Shipbuilding and En- Dec. 13.48 13.50 13:52 1349 13.49

Montreal

eal Silver boarding ladder. It took us half gineering Company, Limited, Greu

Total sales 229 lots

Mar. 53.928 54,038 54.03% 54.03 54,25 Rowed Away As Fast As Possible

an hour to board the vessel, ex Lock Hunter and Hyperion by

Chicago Wheat May 5€01 54.35 6455 54.20 54.50 We rowed away as fast as poss-hausted but happy.

Bwan Hunter and Wigham Richard May 041 944 947 048 042 July 5440 54.55 54.90 54.60 54.80 The Vestvangen's lights could son, Limited, Wallsend-on-Tyne July 871 871 877. ible from the ship, which was

877 88 Sept. 55.00 55.05 65.04 55.20 55.40 lying 60 miles from port or Spain still be reen faintly, as Captain

Minelayer Bubmarine (Propoise Sept. 864 1861 864. 87 87

Total sales 4.contracte: and 20 miles from Bocas Hall Oran still directed the rescue class)-Rorqual, by contract

Monday's sales: 15,015,000 bushels the foredeck was under water work- No one was injured and

Chicaro Corn As the exact development of new Empty of drums were bobbing nothing was lost by the passengers

*824817* 814 821822 Chatham Dockyard, air lines in Britain cannot be ac- around in the ship, together with except a little baggage.

July 1781/781780 78 783 curately predicted, wireless equiplumber, as if a hurricane had hit

Sloope (Grimsby class) Aber Sept. 751 761 751_761 151 ment will be mounted on vehicles the vessel,

deen Fleetwood, by Devonpo

Total sales: 7,027,000 bushels capable of being easily moved from place to place. By this means or

Netlayer. Protector, by contract Surveying Ship

82 821 wer ganlation of communications can

Aby

181 Lev be rapidly and inexpensively read

usted as development of air lines

Fate Vessels÷÷÷Dowgate,

ontract. may require.

In addition to these mobile stations a limited number of per- manent stations of higher power are to be erected.- British Wirelets.

Submarines (Swordush class) Spearfish, by contract; Sunfish, by May

Two Big Holes In The

Captain Oran deftly manoeuvred Lloyds agent

the Docks the liner at full speed toward the vessel was doomed, with two big shore, seeking a cove for a shel holds in the forecastle and the ter, and beached her within an bauxite getting

cement. If tract Our Keboat was called the captain had bour.

used his Boon back to the ship.. -

head, the ship would have aunk Ludgat Soon the heavy bauxite began in deep water.

sasuming a The Atatvangen brought us back mixing with water pink colour. Ag the waves were to Port of Spain, in good health, getting bigger, we

d'menity in reboarding the

May July

rking Vessel---Dimni March

School

May

811 815

81

S.E. Levv & Co.'s Cables

New York Sugar kun je

Old Old Old s down, 1.90 189/90 1.92/9217 New New News -1.88 1.88/88 189/90. Speculi

Old - Old - + Old – at faIL 1.04 104/981096/96 steady.

following:

r4::24-7/18, dowsi

India and bought

closed quietly