1935-05-20 — Page 13

LLOYD TRIESTINO

FLOTTE RIUNITE LLOYD TRIESTING, MARITIMA ITALIANA-SITMAR

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Through Tickets to LONDON (Sea & Rail 32 Daya) Heavy Luggage to London by Special Train FREE OF FREIGHT Interchangeable Return Tickets with the Dollar Lines on very favourable conilitions

ROUND THE WORLD TICKETS ISSUED

in Connection with All the Trans-Pacific and

Trans Atlantic Conference Lines at Special Reduced Raten,

Agents for the "ITALIA" and "COSULICH" LINES issuing through tickets to North, Central

and South America, tia Italy.

LLOYD TRIESTINO Queen's Building, Ground Floor,

For full partieniars apply to-

Fol. add: LLOYDIANO"

P. O. Box 143.

Telephone 32091.

Agent in CANTOR

DODWELL & CO., LTD., SHAMEEN,

Hong Kong Weekly Press

&

CHINA OVERLAND TRADE REPORT

"The Weekly with the Yellow

SUBSCRIPTION RATES

Cover"

に

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DEAR SIRS,

Q

PLEASE SEND THE HONG KONG WEEKLY PRESS FROM... To...

....ÅDURESSED AS FOLLOWS:

HONG KONG DAILY PRESS, MONDAY, MAY 20, 1935.

THE EXCHANGE

MARKET

MESSRS. HOZA BROS

Silver prices dropped yesterday to the extent of 3/8 for Ready and Forward, the quotations being 93 and 35-3/18 respectively. Silver advices reported India as having sold and China as having bought. Speculators operated both ways. The market closed uncertain with business done at 3/16 under the quoted rates.

In America the rate was quoted at 77 but business was reported as high as 78 for spot.

The New York-London' cross rate closed easy at 492.

Market.

Stendy-Business was fair.

Sterling

There were sellers after the

opening at 2/5-7/8, buyers bidding 2/6 resulting ir business at 3/0 for near."2/6-1/16 July and later 2/6 1/8 was niso arranged for July de- livery. Towards the close offers at 2/6 for June and 2/8-15/18 for cash were accepted, closing with sellers at 2/5-15/16 May-June and 2/6 for July, buyers at 2/6 for May-June and 2/6-1/18 July.

U.S. Do'lars

were

There

sellers after the opening at 61-1/8, buyers bidding 61-3/8, resulting in business at -G1-3/4 for August and 81-5/8 for July. Towards the close Business was done at 81-3/8 for near and June and 81-1/2 for July. The market closed with sellers at 61-5/16 May-June and 61-3/8 July. buyers at 61-3/8 for cash, 61-7/16 for June and 61-1/2 for July.

Shanghai Dollars. Business was reported at 148 for near and June.

Shanghai Market. Opened with sellers at 1/8-5/8 and firmed up to 1/8-1/2 for near. U.S. Dollars: There were sellers early in the morning at 41-3/4 and Lowards the chose sellers were in- dicated at 41-15/16 for spot. The market was firm.

Merchant scale for sterling to- day: Subject to negotiation.

The attention of merchants is drawn to the fact that all rates quoted above refer to the interbank

market in transactions the equiva- lent of £5,000 or US.$25,000.

THE SHARE MARKET

GERMAN BUDGET BERLIN BOURSE Harriman's Weekly

SITUATION

Finance Minister's Statement

(Special to the "Hong Kong Dails "Press" (Copyright).]

Special to the "Hong Kong Daily

Press" (Copyright).]

Berlin, May 18." The buying ware continued. In the stock market or Satur- day with numerous shares show- ing smart rises and brisk upward

Report

Messrs. G. A. Harriman & Co.'s weekly share report and market review issued at noon on Saturday states:-

Berlin; May 17, The Finance Minister, Schwerin von Krosigk put the development of the German Budget situation during the last two years in a nut- shell when he stated in a speech on Thursday evening that in the course of this period, the expendi- ture for the relief of the employed was reduced by 1 milites were weak with no uniform touched new low levals of $77 and

LONDON EXCHANGE RATES

On

(BRITISH WIRELIKA - ŠERPION J Storing Parity May, 'd

Amsterdam ... 110 Florins

7.221

May. 18 7.27

375 Drachmae

976,316 Dinars

*** $0.48 Marks 12.18)

1. ad per Rupee

12.22

29.05

Athena Belgrade........ Berlin Bombay...... Brussels .......

- 38 Belzau · · 28.94 Bucharest .......................... 613,588 Lei 4824 Ruenos Aires 47.584 por Pesc Copenhagen ............ Genera Hulsingfors Hongkong Lisboa Madrid Milan Montevideo Montreal

59 3/16

18.150 Kroner

96.29) Franca" 15.194

18 23

198.23 Mark,

2/5 3/16

110 Esendos.

95.29 Pesta

35 27/32

35 3/16

$9.44 Lire

59 5/16

...... 50.88d. per Peso

4.867 Dollars

New York

4.987 Dollar

4.881 4.801

4.914

4.921

Oslo ***** Paris.....

18.159 Kroper

"

***

194.91 France

164.25 Kronen 20.93d. per Gold-

Milrein

74 9/32 1171

-74 45/84

18.159 Kronor 34.581 Schillings 94.58d. per Yen

11d,

1/8 5/18

351 37 9/18

201 35

35 3/16

74% 31% 1068

Prague

Rio de Janeiro

Stockholm Shanghai Vienna... Yokohama..... Silver (spot) Silver (forward) War Toan

ON SINGAPORE:-

Closing Quotations

Or Now You :-

Bank Billa, on demand sa? Credits, 60 days' sight. 02) ON BATAVIA:-

On demand ................ 877 ON PARIS:**

Bank Bills, on demand sos

PRESIDENT LINER TRAVEL SERVICE

Costs You Nothing

Dollar Steamship Lines and American Mail Liss offices and agents all over the world are there to serve you, in whatever way you may require. When you make your next trip te Eltrope or America, or up or down the China Coast, plan to use this friendly, complete service. It is absolutely free)

To SAN FRANCISCO 18 Days To VICTORIA, SEATTLE 17 Days. via Shanghai, Tobe, via Shanghal. Kobe. Yokohama, Honolulu

Yokohama Fortnightly sailing Pres. Grant... May 25; I am. Fres. Jefferson.June 7, night Pres. Jacksor June 21, M'night Pres. McKinley.July 5, M'aight Pres. Grazt.. July 19, M'right

Fortnightly sailings Pres, Taft .... Jane 4, M'night. Pre. Coolidge....one 15, 11 m. Pree. Pierce July M'night Fres, Heover. July 13, 10 m.

EUROPE, NEW YORK

Inquire for road-trip tickets to Europe In conawction wah Lloyd Triestino. Via Manila, Singapore, Penang, Colombo Bombay, Suez Canal Alexandria, Naples, Genos, Marseilles.

Pres. Johnson.. May £5, § a.m. Pres. Monroe June 9,9 km). Prer. Van Euren. Jare 29, 8 am. Pres. Garfield....Joly 6,9 p. Pres. Palk...... July 20, 8 am).

MANILA

THE MOST FREQUENT SERVICE

Next Sailings Pres. Johnson... May 25, 8 a m. Prek Tafe May 8, 6 pm. Pres. Jefferson. Jaze 1, p.m. Pris Coolidge...June 6,9 p..

DOLLAR STEAMSHIP LINES ANERICAN MAIL LINE

·May 18 1035

Ox LONDON:-

Telegraphic Transfer... Bank Bilis, on demand Bank Bills, 4 months'

sight

2/48

Credits, four months!

sight

2/01

Credits, 4 months' sight 956-'

OS SHANGHAI:--

Or Satcon:-

On Demand

142

On demand

901

ON MANILA:

On demand

1041

On-demand

1101

ON JAPAN:-

ON BANGKOK

On demand

M7

On demand

70%

ON INDIA:--

SOVEREIGES, Bank Buying

Telegraphic Tragsfer... Bank, on demand

Rate

1018

Biz Sivas, por es

2/61 36

U.S. SILVER

CONSIGNEE NOTICES.

POLICY

་ ་

H. K. STOCK EXCHANGE

SATURDAY'S OFFICIAL

li

QUOTATIONS

There was very little activity during the short session to-day Electrics changed hands at $60 and more could be

placed at this price, and China Lights

were wanted at $8.35. Banka and Unions "continued" in demand at 5090 and $340 respectively.

BUYERS

Hong Kong Banks, $085. Hotels, $4.

Govt. 4% Loan, 8% Prem. Ocvt. 31% Loan, 2% Prem.

SELLERS

China Lights, $3.45. Sandakan Lights, $6. Wallace Harpers, $5.

E

SALES Hong Kong Banks, $995/$992), Hotels, $4.05.

Hong Kong Lands, $33, China Lights, $8.35. Electrics, $60,

Cements (Converted), $8.20.

RAW RUBBER

Latest Singapore Prices

3)

A rather easier tendency prevall- ed during the week under review trading prevailing. The

with trading on a limited scale. trend was influenced by the pub-tain their firmness, but Cements Rates on the whole failed to main- Ication of the favourable balance sheets

(converted) of a number of leading amount of attention and rose from

attracted

fair Arms as well as the Finance Min- later's speech on public finance and unchanged with business done at $5.60 to $6.20. Hotels remained economy. The Government's de $4.05. Chinis Lights again changed claration that it is not intended to hands at $8.35/40, Providents (olaj introduce any financial levy for the eased off with sales at 80 cents. army or embarking on financial experiments has been reseleed with issue ruled slightly easier.

Due to no support, investment satisfaction. Fixed interest secur- 1z0-

Star Ferries and Telephones (old) llards while the revenues from tendency. taxes increased by the

$19 respectively. HK. Lands re same 'amount This net increase of

Call Money 2 to 24. Young gistered a futher decline with sales three milliards has been achieved to 162, Dye trust up 13 to 2493. business was done in HK. Beetzles Loan unchanged, Reichsbank rose reported at $33. A fair volume of

Spot

191 cts. down et. by investment of 4 milliards in the Balzdetfurth Potash gained at $80/60 closing in demand at

June 201 cts down. ct. employment creation measures and

July/Sept 21 cts, down ct. this policy of active expenditure 82, German Mineral Oil down 1 neglected with shark obtainable at

164, German Steeltrust better 1 to $594. HK. Trams were

Oct./Dec.. rather has been justified by the results to 1111, Siemenshaiske higher 1 $12.00. Dairy Farms after have attained even if the budgets of the next five years must be each de-

to 165, Bemberg Rayon up 1 to 115. been' transacted at $14 had sellers bited with one milliard for repay ment of this sun.

stock market continued all week, Banks having changed hands at Last week's stimulation of the at this ngure. Sterling counters

still attracted attention, H. Pointing out that the newly

especially accentuated towards the gained military independence "also

week-end. The price rises of the $990/1025 and Unions at $335/85. favourites were remarkable furnish-The market again closes on the provided a further source of or- ders for industry, the Finance well as confidence. The Finance ing the necessary background as

easy side, Minister emphatically denied the Minister's speech commanded in- been done at the following prices: Business during the" week has rumours that the Government interest which in turn was echoed by tended imposing a levy for the renewed activity. Fixed interest

HK Banks, $990/1025. Army. On the other hand it would security, however, was quiet with

China Lights, $8.35/6.40. at present be impossible to make

Vibro Piling, $34. any appreciable reduction of taxes

a small turnover and hardly any since there are still important na Transocean Kuo Min.

changes. cnal and economic tasks to be ac- complished."

Referring to the question of for-

eign trade, von Krosigk emphasis-country finally stabilised its cur-

ed that Germany is interested not rency and international debts set-

in the limitation' but the extension tled in an honourable manner.

of international commerce, Econo- mic self-sufficiency is not the ideal or aim but only a temporary neces- alty, Germany wished to help to overcome the world and thus also the German economic crisis by the increase of international trade but this is only possible when each j Transocean Kuo Vin

Germany did not desire to be a defaulting debtor or evade repay- ment of private loans but demand- ed that the Interest be reduced to a reasonable level and, that Germany be not treated worse than other countries

China Underwriters, $0.90. Waterboats, $114. Gold Rivers, 5 et. Yaamati. Ferries, $17.10. Dairy Farms, 314. Unions, $355/365. ...Langkats, $11.00.

H.K. Lands, $33. Constructions (old), $1.35. Providents (öld), 80 et." H.K. Electrics, $50/501. Telephones (old), $19/19). Cements (converted), $5.80/6.20. H.K. Trams, $12.90/13, Hotels, $4.05, 19-23100 Benguet Exploration, 12 et. Big Wedge, 7 ét.

BENJAMIN & POTTS Messrs. Benjamin and Potts have rency quotations (buyers) from received the following Straits cur- Singapore yesterday for raw rubber.

22 cts. down ict,

Market-Quiet.

FL. B. JOSEPH & CO. Messrs. H. B. Joseph and Co., re-

PADDIR BUILDING~~ HONG KONG, CANTON BRANCH :-) SHAKEJ ROAD,

CONSIGNEES' NOTICE,

Limits Of Purchase THE BURNS PHILP LINE.

(Special Air Mail Service)

London, April 30. proclamation of which the effect As a pendant to the Fresidential

was to raise the price paid for all- ver in the United States to 77.57 cents an ounce the Secretary of the Treasury, Mr. Morgenthau, told the Press that the Government would continue to buy silver until either the price had reached $1.29c. an ounce or the stocks of the metal in the Treasury had reached one-third of that of the gold

stocks. This action, he added. was merely the carrying out of the mandate of Congress.

The Treasury statement of April 23 valued the gold stacks on that date at $8,700.140,182 and silver at $931,414,722, this last represented by $801,891,201, in silver and silver dollars, $4,253,801 in fractional sil- ver coin, bullion of a cost value of $114,566,895, and silver bullion with a recoinage value of $10,703,-

FROM MELBOURNE, SYDNEY, RABAUL, SALAMAUA, SAND- I AKAN AND MANILA,

THE M.V.

THE

- NIPTUNA."

ONSIGNEES of Cargo are hereby informed that all Goods are being landed at their risk into the hazardous snd/or extra hazardous Godowns of the Hong Kong and Kowloon Wharf and Godown Co, Ltd., whence and/or from the wharves Delivery may be obtained. will be admitted after the Claime Goods have left the Godowns, and all Goods

1st May, 1935, will to rabject to Rent

remaining undelivered after the

be presented to the Undersigned on or All Claims against the Steamer must before the 4th June, 183, or they will not be recognized General Bonded

To comply with the Warehouse Regulations, consignees must have a Berense Officer in attendance when damaged dutiable goods me examined.

All broken, chafed and damaged Goods are to be left in the Godowns, where

025. In order to carry out the they will be examined on the 20th Congressional

May, 1935, at 10 sm. by Mesars. "mandate"

sliver Goddard & l'ouglas. stocks of a value of $2,900,046,727 would be required and the Trea- sury is still $1,968,832.005 short of | *y, that fgfire:

No Fire Insurance has been effected, Bill of Lading will be countersigned GIBB, LIVINGSTON & Co, LTD. Hong Kong, 16th May, 1985.

Agenta.

13828

The effect of last night's pro- clamation on the representatives in the Senate of the silver-produc- ing States was joyous and im- mediate. Benator Wheeler (Mon- tana) was delighted, but announe- ed that his night for the remone-8FRVICE" TO READERS tization of silver at a ratio of 18 to 1 with gold would go on "That," he said, "would mean $2,18. ari ounce for alver at the present

price of gold." Benator King THE HONG

(Utah) expects "silver to supple-

ment, if it does not take the place

ΚΟΝΟ

DAILY PRESS, LTD.,

of, gold," and predicts that we and the HONG KONG

shall soon have a bimetallic stand-

for Raw Rubber ceived the following Straits Cur-ard in all nations." for "the United WEEKLY PRESS, through reney quotations from Singapore States is leading the way back to their London Office, at 53 Mr. Roosevelt's proclamation, as FLEET STREET, F. C.4 Tel. to which the right is reserved to

Spot

Sellers 201

Buyers 19% Un. - July/Sept. 21 down ..214

Oct./Dec. 22 down i Jan./Mar. 23 down Market-Sellers Holding of.

221

231

REICHSMARK QUOTA. TIONS

[Special to the "Hong Kong Daib Frem" (Copyright).)

Berlin, May 18. Reichsmark Quotations without guarantee..

40.24 .611:13

New York Parts .. Amsterdam

bimetallism.”.

revoke or modify it, ordered that 3137, are prepared to give deduction for "seignorage and ser-

vices performed by the Govern- Subscribers and Visitors iment should be 40 per cent. on

CONSIGNEE NOTICES.

NORDDEUTSCHER LLOYD, BREMEN.

THE Steamer

OVIDE

"ALSTER"

arrived from BREMEN, BAM.. BURG and Forts, Consignees of cargo are hereby notified that their cargo is being

landed at theiryrisk into the Go downe of the Hong Kong sad Kowloon Wharf and Godown Co., Kowlobal

where Delivery ORA 1. Y

Consignees are further notified that the Steamer ALSTER has taken at HAMBURG & BREMEN through eargo for HONG KONG z 8.8. “GARHAID”, 8.8. “Jalo”, 8.8. "Inis* and S.8. "STRAUSS from GOTA EN- BURG, OSLO, BERGEN & KOTKA.

All Goods remaining undelivered after Henr the 9th May 19. 5, will be subject to

Na Fire Insurance will be sifacted by my case whatever.

Damaged l'ackages must Jeft in the agree and Le Company's Surveyor, Godown for examination by the Con Risers. Anderson Lake, at 10 am,

the 24th May, 1935,

по

signees must have & Berenne datiable goods are examined by the in attendance when damaged

Company's surveyors.

No Claim will be admitted after the Goods have left the Godown and al} claims must be presented within Two Works of the Ship's arrival here, after which date they will not be recognised. the Bill of Lading to the Undersigned Consigns are requested to surrender for Countersignators.

MELORERS & 00...

Agenta: NORDDEUTSCERD LEGID, BREKEN. Hong Kong, 18th May, la*5.

637

SERVICES CONTRACTUELS DES MESSAGERIES MARITIMES.

CONSIGNEE NOTÍUF.

8.8. "D'ARTAGNAN'

AKRIVED HONG KONG on THE 1ST MAY, 1935.

From MARSEILLES, &c.

informed that their Goods, with the ONBIGNERS of Cargo by the above-narred Steamer are hereby

him being landed and placed at exception of Opium, Tressure and Value their rink in the Godowne of the Hong Kong and Kowloon Wharf and. Godown Led, Kowloon, whatos Pedvery oum

Good not cleared within 7 days, ine

silver purchases, the monetary advice regarding accommoda-be obtained as the floods to haltede sa value of the diver received beins tion available, motoring facial

$1,2929 en ounes.

“able a

SHIP'S IN' WIRELESS -"COMMUNICATION

lities, suitable

centres, etc.

shopping

If, when at home, they will call or telephone to the above address, they will receive the

The list of ships expected to be in wireless communication by the Government Rádio Office with Hong Kong yesterday:

Montevideo Maru, Chichibu Maru, Tai Ping, utmost assistance and the 50.45 President McKinley, Golden, latest available information on

Maru Katsuragi

Dragon, Asamp" Meru, Yasukunt

Maru. Empress of Japan, Feter all subjects of enquiry wil Maersk Yendal Maru, Chenstu,

London Paris Sterlin Dollar Transocean Kuo Hin.

12,215 74.72 16.19

Hai Yuan and Katyo Maru

place at their disposal.

date of sevival will be subject to

All Claims must be sent to the Under-

signed before 80th May, 1886, os they will not be recognized.

Damaged packaged must be left In the Godowall fin esamination by the Goalgond the Company's Brow Yayor, Miners Goddard Douglas, at 10 cm on 34th May 1935.

Consigue muchas Berende LOVE ITI MAGNCIATION when any damaged Jatiable

osgooda in dua: mtamineti »zy Be Company Surveyors, ne

Olaims will be admitted after the No Time Law will be effected by Goods have led's the Godowaway

de in any case whatever.

E. OBL

Agent

Houg Kong 17th May 195/