1935-02-14 — Page 2

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HONG KONG DAILY PRESS, THURSDAY, FEBRUARY 14, 1935

ANCHOR BEER

WILL PROVIDE ATHLETES WITH UNRIVALLED ENERGISING

POWER

BREWED & BOTTLED IN SINGAPORE

BY THE

ARCHIPELAGO BREWERY CO LEB

SOLE AGENTS FOR HONGKONG

GILMAN & CO., LTD.

WINE & SPIRIT DEPARTMENT. Ground Floor, Stock Exchange Building.

ICE HOUSE STREET.

PHONE 30986.

FOR JOB PRINTING

CONSULT

The Hong Kong Daily Press

Ledgers,

Account

Books,

Leaflets, Magazines, Circulars,

Every

Prospectuses,

Company

Reports, etc.

description of

Commercial

printing necessities.

Neatly executed

Prompt deliveries

Telephone 30251

BRITISH

AIRCRAFT

FOR CHINA

Making Hong Kong The "Charing Cross"

-do

The "Air Review for January value of China as a market for

say's :--

Italian aircraft, arranged, through Once, again we are offering our the Italian Minister In Peiping for an Italian Aviation Mission to foreign competitors spécial portunities to get ahead of us in teach the Chinese Air Force ad- aviation business. Already we vanced military flying. This Mis have been practically excluded slon hes "been most successful. from the aircraft market of the and many orders for Italian air- craft have been secured. These Far East, and now it would seem we are going to lose the chance orders are for considerable num- of making Hong Kong the aerial bers of aircraft, and one recent "Charing Cross" of the Paclic. contract placed in Italy was for.

Hong Kong is the natural achat | 49 aircraft of a type. hub of all air routes operating to and from the Far East. But it will lose this position to its Chinese sisten city, Canton. It something is not done to place it on the serial map.

Obviously the Chinese are going to purchase their aircraft require÷ ment from the countries, which help them and fall in with their wishes. One of these wishes con- cerns the method of supply.

NEW

YORK STOCK EXCHANGE

"THROUGH REUTERS

AMERICAN ORIENTAL FINANCE CORPORATION

AND S. E. LEVY & CO

New York: February 19.

QUOTATIONS ☺

New York/London,Cross-rate Now York Cotton-May New York Rubber-May Chicago Wheat-May Chicago Corn -May Montreal Silver -March Silver-Official

Dow Jones Averages

30: Industrials 20 Rails

20 Utilitaci 40 Bonda 11 Commodity Index

Last Today's High Low Close Close 48 488 488§ 4.891 19.41 - 12.38 19.45 12.38 1.1.26 13.13 1300 13,25

95) 974 981 83 85 54.10 0410 54.80

44.

537

Change off Quiet

.07 off

14 off

837 64.25 631

ij on .00 up

.. unchanged

High–1933/34

110.76

Low: Feb. 9.

84.39 109.66

.. 102.42

56,94

31.79 30.18

32.74

44 off

37.73

18.64 15.80

18.89

09-up

$6,88

84.73 98.57

96.69

,0% up

85,45

41.88 30.09

58,88

,68.0

Feb. 11.

Change

24 or

Last Sale

Stock & Dly.

Adams Express

Air Reduc (3)

Feb. 9 Feb. 11

6 :111"

Stock & Div.

Feb. 9 Feb. 11

Goodrich

91 97

111.

Goodyear

221

Alaska Jun (1.00%) 17

167

Here. Pwdr. (3d)

733*

Allied Chem (6) ...... 136 Allis Chalmers Am. Brake Shoe

1344

Illinois Central

134

.. 13)

161

167

Int. Cement .....

284-

274

Int. Hary (60)

.. 401

251*

221

1142

27**

(80)

Amer. Can (4) Am: Comm. Alcohol

(.25)

Am. Cyanamid. "B"

(.25dr.)

ོངྒཱངྒེ

U.S. and Italian Composition

High Commissions The Chinese, quite rightly, con- If our foreign competitors were

East aerial tend that their orders for aircraft Far treating the problems with equal disregard, are of sufficient size to warrant our own lack of interest would special treatment, and they claim not matter very much, but upfor- that the manufacturers should tunately, our American and Italian supply them direct instead of through agents who charge high friends consider the Far East a particularly fruitful field for avid commissions. Both the Americans tion enterprise. “

and the Italians comply with this request, with the result that they are able to reduce their prices very considerably. By retaining out of Į date methods of sale, British- air-

craft interests are handicapping Am. Locomotive their productions in what Is Am Metal Co. probably the most important air-Am. Pwr. and Lt ... 28 craft market in the world, and Am. Radiator one in which they are up against keen competition.

Pan American Airways have a 49 per cent, interest in The China National Aviation Corporation, the "Imperial Airways" of China. This Chinese Company, with the assistance of the Americans, has been. developing internal air routes in China with no uncertain

success.

The Germans have a 45 per cent. interest in Eurasia Airways

"Can We Afford. It?" Corporation, and this Company is

There is little wonder that steadily organizing direct aerial

British aircraft sales services

to China between China and

fallen off to practically Europe. They are

practically have ready to start operation over the nothing walle foreign competitors

are securing order after order. whole route, and have just taken delivery by air of their first tri- Surely it is time we took serious stock of the air situation in the motor Junkers for this purpose.

Far East? Can we afford to sit -down and let the Americans and Italians take all orders? Are wo to allow some foreign country to connect Hong Kong by air, and so secure the premier air line posl- tion in the Far East? "We are the only foreign power with a suitable base on the China coast for de- veloping all sections of commer- Aviation Mission, and the cial aviation in the Far East. direct results have been numbers. Why not make the best use of of orders for American aircraft, Hong Kong by co-operation with totalling several hundred ma- the Chinese? If we did this, it is chines.

American Combatativeness The Americans were greatly concerned with this competition. To combat it, they dealt prompt ly with an official request from the Chinese Government for as- sistance in developing the Chinese Air Force. As a result they secured an agreement to supply

ап

Am. Express (6) Am For. Pwr Am. For. Pwt, $7 "ist"

Pl.

Am. Smelting ....

ཝུབྷཱཎྞཾ

ཙིདྡྷི+,

97* *100*1

171

161

$141

ཨྰཿཊྚཚབྲཱཕྱོཚོཙྪཱཏྠཀྑཾ

Am. Bug. Ret (3)"... 647

Am T. and T. (9)..... 1041

"Am. Tob "B"` (5),

811

At Waterworks (1) 113 Am. Waterworks $6

pref (5) Anaconda Copper Atch T. and 6. F.

(2sd.) Atlantic Ref (1)...... Atlas Corpn......... Auburn Automobile 234* Baldwin Locomotive Baltimore & Ohio

241*

བྷིཀྐཝོ (ཝཱབྷཙྪཊྛུཙྪཀྐ,

སྙནྟི

ཙུཎྞཨྰཿནྟིཾ

།ཀྐནྟལླརྒྱུུ7ཙྩ

Int. Nick (60) Int. Tel. & Tel. Johns Manville Kënnecott (151)- Krog. Gro. (1.50%) Lehman (2.40) Lig. & Myers

(4).

Liq. Carb. (1) Loew's (1) Lorill. (1.20) McIntyre (2%)

Mont, Ward Nash (1) Nat Bisc. (2)

50% 51

.167 164.

261 251

"B"- 72.

714

1054

106

272

321

323

201

411

26+

261

161

151

281

Nat City Bk. (1)"

22+* 22 *

Nat, Da. P. (128)

157 18

Nat. Distillers

271

Nat. Pwr. Lt. (.80)...

Nat, Steel (1)

471

.47+

NY: Central

174 161

N. Amer. (50c. 4%) 12

Nor, Pacific

-17+

Otls Elec. (.60)

141

141TM

Owens-I, GL. (3) ...

881"

Pac Gas (1:50)

137

.14

232

Pac. Ltng. (3)

211

221

Packard Motors (...........

Peqnroad Corpn.

151.

Penn. Rly. (1)

201

214

297

147

Phil. Petro (1)

154

241

Pierce ArroW.

301

Pro. & Gam (1.50)...

401

462

Pub Ser N.J. (2.80) 243

39+

557

Pullman Inc. (3) Radio Corpn.

491

487

63 5

121

391 411

311

Radio Keith Op. Repub Steel Rey. Tob "B" (3)

131

372

241

Schenley

251 25+

38.

and

421

.....

381

Sears Roebuck Shell Union 'Oll Simmons Co... Soc.-Vac (60)

351 342

14" 137

Srn. Cal. Ed. (1.50) 12

117

Com. Invest. Trust...

151

Comm. Solv. (60) 207 201

121

113

Stan. Brands (1) ...

177 18

Comm Sthrn. $6

cum. Pf. (6). Congo-Nairn (1.60) 324

St 34

Sta Oll NJ (1)

(2) 19

181

-73

Bendix' Aviation Bethlehem Steel Boeing Airplane Borden Co. (1.60) Borg. Warner (1dr.) Brook Man (3) Cal. Pack (1.28) Case Canadian Pacific estimated that. a million pounds Caterpillar. Tract

Celanese would aircraft business transacted yearly by the Aircraft Ch. Nat Bk. (1.40). Industry of this country-now, all C'Peake Corp. (250) 39 this business is going to our com-CPeake Corp. petitors.

The same request was received

in British official circles, but was handled so slowly that the op- portunity was lost."

The Italians, appréciating the

FASTER SHIPS FOR FAR EASTERN SERVICE

How P. & 0. May Meet Competition

(Special Air Mail Service?

London, Jan. 28. The building of faster P. and O. liners for the service from Genoa to the Far East is believed, to only a question of time.

It remains to be seen whether, in the interval, the company will de- cide to speed up its present ser- vice to meet impending competi- tion from fast German liners on this route. It could do so by trans- ferring to the Far Eastern service the Strathaird and Strathnaver, two ships of 22,500 tons which can steam at 20 knots,

Unless they do this, the new Hamburg-Amerika liners Scharn- horst and Grelsenat, of 18,000 tons and 21 knots speed, which are to inaugurate an express passenger and freight service to the Far East next May, will probably be, by, a considerable margin, the fastest ships under any dag operating on that route. They are scheduled to cover the distance from Genoa to Shanghat in 23 days,

The largest and fastest British ship at present in the China ser vice is the P&O. liner Ranchi, of 16.700 tons, and 18 knots. Nor mally she takes 29 days, from Mar- seilles to Shanghai, but could, no doubt, reduce this time if neces- sary. After her come the other P. & O, steamers of the "R" class,

which are slower.

have hitherto been employed on the Australian run, and also for cruising, but if transferred to the China service they should be able to hold their own against the new

Jerman ships.

West Indian Complaint Meanwhile, West Indian intereste are complaining bitterly of their neglect by British shipping lines. A report compiled by HM Trade Commissioners in Jamaica draws attention to the successful at- tempts of foreign steamship com panies to secure a larger share of assenger trame to and from Tri- nidad and Central America "

Two new and luxurious German motorships, with accommodation for some 400 passengers In three classes, were brought into this ser- vice in 1933-34.

The report emphasises the steady volume of tourist traffic from the West Indies created by the exodus to escape the hot season; and, in

Ohio (2-30) Chrysler (1d)

Col. Gas & Elec. ....

Comm. Sthr........

Cons, Gas, NY Cons: 011 (28) Cont. Can (3) Cont. Oll (25), Corn Prod: (9)

Coty Inc.

Cwa Cork $2.70 P.

(2.70)

ཎྞནྡ,

ཙཙྩཚཧྰུྃ

(ཀྐནཚཙྩཎྜཾ།

ནཱབྷཱནྟུཊྛཙྩ

ཨུཊྛཱཝཎྞR,

Reeཨྰཿཤྲྰི

ཝོཀྰཡྻུཾ

ཝཎྞནཊྛཱནྡྷོ,

བྷུཏྟབྷོ ཡོ ཙཱི

Phelps Dodge

Southern Paciic Southern Rly.....

Stan. Gas

Sta. Oll Cal. (1) ... 30} .: 304*

404,401

Ster. Pro. (2.80) Studebaker Corpn Texas C. (1)

82- 62

1. 0%

197

199

.851

Un.

Texas G. Sulp (2) Transamerica (1.12}) Car and Carb

34J

341

- (1.40)

461

(43)*441*

Curtiss Wright Curtiss-Wright. “A”

21 21

Un. Pac. Rlys.^ (6)....* 194 Un. Aircraft Corp.... 13 Un Air Line Trans...

131

6" 6

Delaware & Hudson 333

334

United Corpn. “....

·24

Douglas Aircraft ... 22)

221.

Uni. Gas Impr. (1.20)

102

+102

941

Univ. Leaf Tob, (2) 52.*

52 *

UA. Indus. Alcohol.. 37+

364*

241

US. Pipe Fdry. (.50) -18h U.S. --Rubber

147 LUS. Rub. $8 1st FT. 351*

US Steel

· 134

361. 30

Du Pont (2.602) 941 East Kodak (4) 113 114 Elec. Autolite Co. 24. Elec. Bond & Share 8 Bled. Bond $5 PT (5) -47., ; Elec. Bond $8 PI (6) "52). * 617 Elec. Power & Light - 24 ? ·21 Fox Film "A" S

Free. Texas (1:30)

Gen, Am, Tr. (1.008a) Gen. Elec. (.60)| Gen. Foods. (1.80) Gen. Motors (14) Gen. Rly. Bigs' ́(1). Gillette Sat (1) Glidden Co. (1) Gold Dust (1-20)

• Bld

UB. Steel #7 PT. (2) ....88 88 Vanddíum

.173" 171

10 10

221

Vick Chem (2.45x)... (35) -- Warner Bros. Picts, 91 31

35*

231

341 - 344 31: 314 251* 251 137

West Union Tel. 284 "West Air Brake (1) 241

131

| West E, & M. (.65)... (38}]

Wilcox Oil and Gas - 21* 21 Woolworths (240) ..." 54

381

541

Call Money

181

FIRST WORLD CRUISE

1. possible inutilation

decided to build three new ships for their new Trans-Pacific service from Vancouver. The Empress of Japan was the first of the tato to ba completed, and the company, wanted to advertise, the ships and the service. Some genius hit on a

the reverse direction, by the st tractions of the Islands as winter

send the ship to Vancouver via resorts. It also deplores the fact

Buez and the Orient and – book that no modern British vessels, catering specially for passengers, In view of the season's announ- right through from London to Lon- cumnavigating the world are on reguler service between cements by the Canadian Pacific, don United Kingdom: ports and the the following comes pertinently to by OPR. This was the first ves- eastern Caribbean Colonies,

the fore,Leave it to the CFR sel to provide a world cruise, a to pull of the best publicity stunt form of luxury travel since copied

with one of by many

unknown in 1891; says ever in conne

Harbour and Ship- their new ships, and make money Capt. Kettle out of it. In 18912 the company : ping.

By CPR. In 1891 wonderful publicity Idea, why not

A further significant fact is that the air services in the British West Indies are under the exclusive con- The Strathaird and Strathnaver Htrol of an American concern.

1935-02-14 — Page 2

Comments

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