1935-06-05 — Page 13

LLOYD TRIESTINO

FLOTTE RIUNITE LLOYD TRIESTINO-MARITTIMA ITALIANA-SITHAR

EXPRESS PASSENGER SERVICE FAR-EAST-INDIA-ITALY SAILINGS 1935.

For Shanghai

2.5. CONTE ROSSO" 4th July S... "CONTE VERDE"... 1st Aug. *.. "CONTE ROSSO"

1st Sept. 9.5, "CONTE VERDE". 3rd Oct.

For Singapore, Colombo. Suez, Port-Sald. Brindisi Venice.

(London by rail) & Trieste. 5.8.CONTE VERDE"... 9th June 8.8. "CONTE ROSSO"... 12th July B. "CONTE VERDE" ... 9th Aug. "CONTE RO880"... 9th Sept. *3. "CONTE VERDE"...1 4th Net.

For Full Particulars and Reservations of Accommodation Apply to:-.

LLOYD TRIESTINO

Qaren's Building, Ground Floor,

Tel. Add', “ LLOYDIANO””

Telephone 32981.

Agents in CantTONI~~

P. Q. Box 143.

DODWELL & CO., LTD., SHAMEEN, „

USE CUR SPECIAL

AEROMAIL

LETTER PAPER & ENVELOPES

AND

PAY LESS ON POSTAGE

"

LETTER PAPER

ENVELOPES

$1.00 per 100 Sheets

$1.75 per 100

ON SALE AT

HONGKONG DAILY PRESS

11, Ice House Street.

THE BOUISSON GOVERNMENT

Restores Country's Confidence

Tel. 30251.

RUBBER MARKFT REVIEW

The following review on the rubber market, by Messrs. Lane Mitchell, Hymans & Kraay, Lid... was forwarded to us yesterday.-

The better tone which we in- Faris. June, 3. dicated in our last review has The anancial world is showing strengthened, owing to favourable confidence in the Boulsson Govern-factors, which are at last apparent ment, which faces Parliament to- morrow afternoon.

The demand for Governnient issues at the last opening of the Bourse so heavily exceeded sup- plies that a quarter of an hour elapsed before prices could be quated. Ther. 41 and 3 per cent Rentes rose over three points from the prices of May 31.

Thanks "Lo the restoration of confidence, a large public loan is expected in the near future.

after the continuous stream of un- favourable news experienced" dur- ing the earlier part of the year. The settlement of the strike in the 0.8.A.

has induced substantial buying by mahufacturers.

The statistical returns from the U.S.A. for April, detalled below. have exceeded expectations. The consumption is excellent and the near visible supply to that country if the "afloat" figures are rellable) shows & reduction of 10,580 tons at the end of the month,

General Currency stabilisation is the corner-stone of the policies of

Stocks in Malayan ports at the the Finance Minister, M. Callaux. end of April are nearly 7,000 tons He is credited with the intention lower; this reflects the large ship- of shortly proposing the resump-ment figures in Aprf, which were tion of the London Economic Con- considered disappointing at. the Terence which adjourned in 1032.

"

CERTAIN REFORMS "The recovery of international trade is in the forefront of my preoccupations," M. Calllaux told + newspaper conference. "In

dentally, it will singularly facili- tate matters if the great rencies, other than francs.# can shortly make stabilisation their common object "*

CUT.

is

time.

HONG KONG DAILY PRESS," WEDNESDAY, JUNE 5, 1935.

H. K. STOCK" EXCHANGE

YESTERDAY'S OFFICIAL

QUOTATIONS

There were

more buyers than sellers in evidence during the day and it is increasingly dimeult to pick up shares at quoted rates. Trams, Telephones. Electrics and Lights are inquired for and Ittle more would be paid for de- cent lots but holders are not in- clined to part at the present very low rates ruling.

BUYERS

Hongkong Banks, $990. Union Insurances, $325. Douglases, $38. Providents (old), 75.cts. Hongkong Lands, $31. Hongkong Trams. $121. China Lights, 38.15. "' Electrics, $571

*

Telephones (old), 319.80. Singapore Tractions 10/6. Singapore Tractions (pref); 22/6. Dalry Farms, $12.90.

Govt. 4% Loan, 5% Prem. Govt. 34% Loan, 2% Prem.

SELLERS

Underwriters: 70 ċts.

Wharves (Cum Rights), 382 Wharves, (Ex. Rights). $81). Wharves (Rights), $4. Sandakan Lights, $5.

Wallace Harpers, $5.

SALES

Union Insurances, $330.

Itogons, 30 cts,

Raubs, $5.15.

Hotels, $4.15.

Hongkong Trams, $12.80/313. Electrics, $57/$58.

LONDON EXCHANGE" RATES

(BITION WIRELES SERVIÓN =

Sterling Farity:

May, 31.

June...3.

Amsterdam Athena"...

19.10 Florina

7.514

7,26

.... 375 Drachmaa

·Belgrade era in Berlia

X76,316 Dinars

217

**** 20.43 Marka

12.181

12.12

Bombay ............ 1s 6d. per Rupee. Brussels

35 Bajzna

28.99

28.93

Bucharest Buenos Aires Copenhagen Genera

813,568 Lei

4821

11

47.58d. per Penc

18.139 Krens:

25.221 France

15,33

15.07

Helsingfors ... Hongkong Lisbon

193.23 Marke

2/5 3/18

2/59

Madrid

Milan

... 110 Esendos "

25.99 Pesatna 35 1/92.

99.40 Lire 30.85, per Fesa

352

501

59 7/16

391 S.O.

↓

***** 4.867 Dollars

4.92+

4.92

4.924

4.924

Rio de Janeiro

18.159 Kroner 184.2 Franca 164.95 Kronen $6.83d. per Gold

74 21/32 118

74 21/84 1171

Milrain

1/8 5718

1/8 3/18

119 Kronor 34.564 Schillings

26

$4.38d. por Yen

Silver (spot) .... Silver (forward) War Loan

337

331

34

334

24%

31 105 15/16

Montevideo

Montreal

New York

Oslo Paris Pragua

Shanghai Stockbolsh Vienna

Yokohama.......

On demand

ON JAPAN:-

4.667 Dollars

Closing Quotations

O NEW YORK:--

Bank Bills, on demand 57

Credits, 90 days” sight. évf.

ON BATAVIA --

On demand

Bank Bills, on demand 870

PRESIDENT LINERS

are

13

LUXURY LINERS

(i

with Superior Accommodations at Low Fares

ป

All Prendelet Liner staterooms are outside, large cmd alry with hot and cold running water. And the majority of the cabins are equipped with bath or shower, availableat only slightsup- plementary charge...Another example of the fact that you may travel in splendid luxury on President Liners, at aston- ishingly little coat. Investigate before you plan your next hip.

મા

To SAN FRANCISCO 18 Days To, VICTORIA, SKATTLE 17 Days via Shanghai, Vobe, via Shanghai, Kobë. Yokohama, Honolulu

Fortnightly sailinga

Fra Coolidge June 15, 11a.m. Trer. Fierce July, Might Prea. Hoover. July 13,10 m. Frer. Wilson.. July io, M'aight Pies, Coolidge A1g. 10, 8 ar.

EUROPE, NEW YORK'

Inquire for round-trip. tickets to Europe in connection with Lloyd Tristno.. Vis Manila, Singapore, Fenang, Colombo Bombay, 8265 Canal Alexandria Naples, Genos Marsalles

Yokohama

Fortnightly sailing Pres. Jeferson. Jone 7,-M night Pres. Jackson.June $1, M'night PrescKinley July 5, Might P. Grat. July 19, M'night Pres. Jafferion. Aug. », 'night.

MANILA

THE MOST FREQUENT SERVICE

Next Sailings

9pm,

Pres. Monroe Juro 8,8m. Pres. Coolidge.. June Pres. Van Buren.June 2*, 8. a.m. Près. Merce June 8 år. Fres. Garfeld July 6, a.. Pres. Jackson...Jure 15. 6pm. Pres. Polk .... July 2, & a ml Prea, Yan Buen Joue $2,8 Pres. Adams...... Aig. 3, 6 a.m. Pres. Fieres... Ju e 26, p.m.

DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE

s

Jane 4 1933

ON LONDON:-

Telegraphic Transfer... Bank Bills, on demand Bank Billa, montlu'

4f

right

2/42

ON PARIS

Credit, four months?

sight

2: 1

Credits, 4 months! sight 993

ON SHANGHAI ? -

UN SALOON -

On Demand

ist

Ob demand

MT2

ON SINGAPOak:-

ON MANILA:

10 į

On demand

{'

ON BANGKOK :-

200

On demand

702

SOVEREIGN, Bank Buying

Ista

15

BAR 81, per

2/01 331

SINGAPORE RAW RUBBER

Latest Singapore Prices

CONSIGNEE NOTICES.

NOTICE TO CONSIGNEES.

On demand

THE EXCHANGE DA

· MARKET

MESSRS, ROZA BROS

Silver prices dropped 1/4 yester day for both deliveries: the quota- tion being 33 for Ready and 332

for Forward.

Silver advices reported India as having bought. China. operated both ways. The tone was weak owing to lack of demand.

Telegraphic Transfer... Bank, on demand. .......

» BERLIN BOURSE

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

Berita. June 3. Purchases by the public which characterised last week's dealings were lacking In Monday's share- market. In consequence specula- tors indulged in profit taking re- allsations with the result that the fendency was weak.“

Fixed Interest securities were very calm, prices mostly remain- The London/New York crossing unchanged. rate was quoted at 492 and New York/London at 4921.

In America the rate was lower. at 731 for Spot.

Market.

the

Opened easy but subsequently weakened owing to some demand, at the lower level the tone WAS steady.

Sterling

Business was done shortly after Livery, followed by transactions at the opening at 2/43 for July de 2/4 for August. Subsequently offers at 2/4 11/16 were accepted for July and 2/4 was done for June and July. Later transactioris were arranged at 2/4 9/18

pm with sellers at 2/4 for 2/4 for June and July, closing at June, 2/4 9/16 for July and 2/4 for August, buyers probably at 1/16 higher respectively.

and

U.S. Dollars.. Opened with sellers at 581, buy ery bidding 581, Business was done later at 584 for near 588 for rear and 58 for near delivery. The market closed at lunch time with sellers at 58 9/16 June and 53 July, buyers at 1/16 higher spectively,

re-

"

Call Money 2 to 31. Young Loan increased to 1032, Reichsbank weakened to 178- Transocean Kuo Min.

REICHSBANK RETURN

BENJAMIN, & POTTS Messrs. Benjamin and Potts have received the following Straits cur- Singapore tency quotations (buyers) from yesterday for " Raw

rubber.

Spot

197 cts. down i ̈et: July/Sept. 204 cts. down fet. Oct./Dec. 211 cts. down et Jan./Mar. 221 cts, down ct. Market Steady.

MESSRS. EL B. JOSEPH & CO. Messrs. H. B. Joseph and Co., re- ceived the following Straits Cur- rency quotations from Singapore for Raw Rubber

Sellers 201 211 221 231

Spot

Buyers (Special to the "Hong Kong Daily

20 up i Press" (opgright),

July/Sept. 207 up 4 Oct./Dec. Berlin, June 3.

-217 up 1

May 31. published on Monday, The Reichsbank statement of

Jan./Mar. 227 up + Market Steady. shows that goldstack and foreign currency reserves decreased slight- 17 to a totali of 80.4 millions marks. Note issue increased by. 399.2 millions to 3810 millions, the the month's demands Increase being due to the end of

The amount of credit issued, as measured by bills, cheques, ad- vances and investments, increased by 434 millions to a total of 44796 mutions—Transocean. Kun Man,

CURRENCY CONFERENCE

FRANC SPECULATORS

BADLY HIT

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

AND

FEDDER BUILDING— HONG KONG.

CARTON BRANCH 2-4, SHAKES ÉCAD,

OCEAN STEAMSHIP CO., LTË”

·OBINA - MUTUAL STEAM NAVIGATION CO., LTD.

(ONSIGNEES.per Co.'s Tassel

"AGAPENOR".

From UNITED KINGDOM

TIA SINGAPORE.

CONSIGNEE NOTICES.

SERVICES CONTRACTUELS DES MESSAGERIES MARITIMES.

OONSIGNEE NOTICE,

5.3. "ATHOS 11"

ARRIVED HONG KONG on THE SATURDAY, 1ST JUNE, 1935..

are hereby notified that their cargo

"From MARSTALLES will be discharged into Holt's Wharf Kowloon, where it will liest Consigo-named Steamer are hereby NONSIGNEES of Cargo by the nees' risk and subject to terms and conditions of storage at Holt's Wharf, informed that their Goods, with the The Caugo

will be ready for delivery exception of Opiam, Tress and Valu from Godown on and after frð June. ables, are being landed and piscect a

Optional cargo will not be landed their risk in the Godowas of the Hong here, unless notice has been given Kong and Kowloon Wharf and Godown prior to steamer's arrival bat carried Co., Ltd., Kowloon, whenes Delivery eas on from port to port to the final port | be cbtained as the Goods are landed.

which

the option extends. Goods not cleared within 7 days, iz All broken, chafed, and damaged dinding date of arrival, will be subject to goods are to be left in the Godowns, Bent

All Claims must be sent to the where they will be examined on any Tuesdays and Fridays between the signed before 15th Jane, 1988," hours of 10.45 AM. and Noon within ther will not be recognized. the free storage period.

of call to

No claims will be admitted after the Goods have left the steamer's Godown, and all Goods remaining -undelivered after the 10th June, wil

be subject to rant.

All Claims against the Steamer must be presented the undersigned on or before the 24th June, 1935, or they will not be recognised.

No Fire Insurance will be affected BUTTERFIELD & SWIKE,

Agent

London, June >./ Franc speculators here are hard hit by the rise of the franc which is being maintained at 731 by: means of the equalisation fund. Speculators are in a tight place since the equalisation fund refusės to sell francs at the quoted price 3rd June, 1935. to currenty brokers that the [Special to the "Hong Kong Daily latter are compelled to cover their

Press (Covuright).]

commitments by buying francs at Taken together, the above :two

Paris, June 3. a premium from the banka." Losses items account for a reduction in

Rumours that he intends to take to speculators are estimated at stocks of around 17,500 tons, and

the initiative in calling a new many millions sterling but Anar-" the increase in the United Kingdom

currency conference for discussing cial circles are not inclined to dia- stocks of 3,300 tons during the same

stabilisation are denied by the play much sympathy since the month is neglible in comparison.

Finance Minister, M, Caillaux, in a' banks had always strongly advised statement Issued on Monday" in against frane speculation→→→ In the meantime the NEL AU-

which no stresses that the duty to Transarean Kuo`mi thorities have increased the export

call such a conference does not fall duty on the Native Rubber by two

US Dollars--opened on him. cents per kilo us from June 1 with sellera at 41 5/16 and closed which will tend to check excessive Leasier at 40 15/18 for near delivery. revival in world economy

Caflaix adds, however, that the shipments from that quarter.

would

Shanghai Dollars. Sellers were quoted at 1423 for near delivery. "

Shanghai Market. Early advices indicated the mar- ket as being steady with sellers at 1/8 1/18 for near delivery, The market closed easier at 1/7 15/16 for cash.

Si

SILVER PURCHASES

AGENCIES.

The London Office of the HONG BONG DAILY PRESE, 53, Pura BKY, E.0. constant ly receiving Enquiries from Hon Yesufacturers regarding Euitable Firms to act as Agents for their products in Hong Kong and South China.

If local

Washington, June 3. nations would, in recognition of Mr. Morgenthan a drastic change Mr. Dies intends to propose to

the advantages to be derived from in the Silver Purchase Act with the maintenance of the franc, a view to "hating the downward decide to co-operate for the pur- trend pose of international stabilisation removing

of American export and the constant threat of currencies.- Transacton Kuo Min.

hanging over the cotton market."

Mr. Dies would let the Treasury, suspend for a year all aliver pur chases in world. markets, and in stead buy silver at a certain fixed premium over the world price only from nations which agreed to ur- chase some of the surplus agricu. This

United

H.K. SHAREBROKERS'S ASSOCIATION

The Finance Minister has al- ready initiated certain reforms,

The market opened steady in be greatly stimulated if other including the decision to appoint Stocks in the United Kingdom the afternoon and then eased off two commissions, one of which will now total 166,732 tons, an increase slightly, but towards the close a consider reorganization of the of 100 tons over the previous' re-steady tone prevailed. Stock Exchange and the other turn, During the week it is elaborate means for making ex-estimated that an increase of about

Sterling Sterling, Business was done at penditure correspond to revenue. 1,200 tons has taken place.

2/4-9/10 for June. The market then eased off slightly and offer REICHSMARK QUOTA. Rt. 2/4-0/16 were accepted for

TIONS

July followed by transactions at 2/44 for near and July, Towards the close the market re-acted and business was done at 2/48 for August, finishing with sellers At 2/41 June, 2/4-8/16 July and 2/41 August, buyers at 2/4 June, 2/4- 11/16 Jaly and probably August,

U.S. Dollars Business was done early in the afternoon at 58 17/16 for near. The market then steadied Kp and transactions, were arranged at 581 for near and 589 for July, anish- ing with sellers at 58 for June, 88 for July and 581 for August, discuss buyers at 581 for June. 58-11/16,

for July and 684 for August.

BANK BATE REDUCTION The recent drain on gold held by France has now ceased and an early reduction of the bank rate. which is now six Der cent.. expected.

An official statement, issued by the Minstry of Finance conarms thur M Calliaux favours interna- tional stabilisation on a basis of the present parity of the franc, but suggests that he is too preoccupied to deal with a stabilisation con- ference at present, as he is ah- sorbed with balancing the Budget and maintaining the present rate of the franc...

[Special to the "Hong Kong Daily Press" (Copyright).).

Berlin, June 3. Retchsmark quotations (without guarantee):-

New Tork...... Paris

Amsterdam ... London Paris Sterling Dollar Transocean Huo Min.

The statement adds that M. Caillaux goes not consider that he Ing Ta ..conference should take the initiative in cali- | stabilisation.- Reuter.

40.52 .610 :59,87 .12.14 .:74.3 15,1325

BUYERS

Banks, $1005.

Nat Com. Bank, $41 Unions, $330. Douglasek, $35) xd. Big Wedge. 7 cts. Hotels, #4.15

Lands, $314.

Land Debentures, $100. Trams. $12.85. Lights: $8.25.

·Electrics, $572. Telephones (óld), $19) Dairy Farman, $12.75.

tural products of the States.

Silver circles appear insufficient- ly interested in the iden even to comment. Router.

Gold Bonds, .90%. Gort. Loan 34%, 2%

SALES

Trams, 113/12.00. Ferries, $74NE Electrics, $574.

ap

Comparies desirous of taking Agencies will let us

Under

Damaged packages must be left in the Godowni for examination by the Consignees and the Company's Bur veyors, Messia Goddard & Douglas, at 10 am on Friday, 7th June, 1935,

No Claims will be admitted after the Goods have left the Godowis

Consig. cesare specially notified that it is necessary for a Revents Officer to be present at the examination of damaged datable cargo.

No Fire Lustranos will be affected ky na în any củao whatever.

R. OBI

Agent Boog Koog, lit Juze 196

PRINCE LINE.

NOTICE TO CONSIGNEES

г3572

FROM NEW YORK. AND LOS ANGELES

HE

MALAYAN PRINCE" Motor Versel

baring arrived from the above-Ports on 2th instant, Consignees of Cargo · Bre hereby informed that their Goods mee being landed at their risk into the Godowns of the Hong Kong and Kowloos. Wharf and Godown Company, Limited, and stored at Consignees" risk Kowloon,

know the Lines in which they are en, dated, and damaged Gooda

interested the information will be forwarded to Landon and passed

ou to interested parias portunity offers.

par to be left in the Godorne, where

they will be examined on Tuesday,

Juns, at. 16 A.M.

4th Jn

All

Sexrice is offered to our Benders 18 Days of the Vessel's arrival bare, 1. Claims must be presented within without charge and, of courses star which, dale" they no obligation is incurred on offer

side.

a walch date" cannot

segnised.

No

Claim

will be

After be The Required Information ibonia be Goods haven' left the Frodown, and all sent to the U

Goods remaining, undelivered after the 3th June, will be enbject to Arst.

No Fire Insurance has born Fected. Bills of

will be oralstrigued

HONG KONG DAILY

«13, Ion Hatun Sammar

Hong Kongs

FURNESS (FAB KANT LTD., Ch Floor, King's Huilding, Comanghi Road

Telephone No. 23165. Hong Kong, 28th May, 1925,