1935-06-28 — Page 12

12

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Buyara

Battery Blo

THURSDAY,

|Nominal JUNE 27.

Banks

Snarebrokers' Association

Bellary

ALIM Nomina

H.K. Banks

1.0.0/70

******* $1,960

1,065/1,970

bjo. (London)

£1221

Chartered Banks ...

en

£14

2314

Mercantile Bis. “A”

£131

Do.

Bank of East Asia...

£131 378

581

N. O. & 3. Barks .... Am. O. Fin.Corp: B

24

Ch. Fin. Corp. Urd. B. Prof. . Insurances

Do.

Canton Insurances...

Shipping

$195

$203

Underwriters *****

40 at

40 ats.

Union Insurances.

$380

$355

China Fires

3382

H.K. Fires

AETNE

$200

130% $175

International Auson, S.

મ

$36

Douglases eas

#4

Steamboat

135 14

$30

indos (prof.)...............

$30

$19

Do. (det.)

19

79/8

Suella

$112

Waterboat

71/ 311

Mining

71 ota

Amtamoks

as cta. 65 ct lerdir.

Balateos....

21 cts.

20 cta.

$10

RUTIPU!!!

$18

10° ats

Baguio Gold

Benguet Consolidated 10fets

Do Exploration 12 t

15 als.

Do. Goldfield ...

8 ata.

Big Wedge ...................................

8 04.

Gold Bever

30 ata

Gold Creek........

United Parcales ...

5 sts.

29 cts.

19 at

Salacot Mining....11 ct.

461

90 ots.

Ipo Mining..

33 ota

Itogons

14/9

Kallas E

$14

Langhats (single).

$41

Exploration.....

10

$5.00

15/-

$112 342

***

Shanghai Loans S.

Raubsuratastars

12.30 Venezuela Gold Fids. 39.10

Docks, WharTOK,

Godowna, eta.

H.K. & K. Wharves.

(Cum. Rights)

$78

377

Do. Ex. Righta)

St

Do.

(Rights)

85 ata. Providents (cid

lu ctu.

19

400

34

5240

$4.10

**

$34

Do.

(new)...

HK. & W. Docka..

S. Cuina Motors 'A'

Do

"B"

Shanghai Dock S

New Engineerings8. Hongkewa ........ Lands, Hotels, and

Buildings

H.K. Hotels) $4.

H.K Lands.........S.

Du. 4% Debentures $100

Shanghai Laud....

Metropolitan anda..

..::

35.90

+37

177 $1

120 cts 20 ots,

|- 164

0

54

HONG KONG DAILY PRESS. FRIDAY, JUNE 28, 1935.

CHINA'S FOOD SUPPLY

Problem Confronting The Whole Country

ཚིག ས་

AMERICA TO BUILD

Navy To Be Bigger

The new Navy Bill authorises the immediate construction of twenty- four new ships as a first move to bring the United States feet up to the limit of its treaty tonnage,

Specs to the “Hoog borg Dais į mow; 35 per cent owned land be- tween 10 and 20 mow; 14 per cent

Washington, June 26. Press (L'opyright).a

from 20 to 30 mo; 17 per cent

Taking swift advantage of Pre- Nanking, June 20. The recent wide-spread agitation from 30 to 50 mow; and only 8sident Roosevelt's signature of the for the impasition of a ban on the per cent owned more than 50 mow record peace-time navy appropria-. Iniport of Siamese rice in retalia-With the average Chinese farmer tion bill, which places more than holding such an insignificant $400.000.000 at the disposal of the tion for the ill-treatment of over-

by Chinese in Slam the amount of land, there is no rea; Navy Department for building up seas

son to wonder why China is not the strength of the American fleet, again Siamese Government has diverted public attention to the able to produce enough foodstuf's Mr. Claude Swanson, Secretary of the Navy, declared to-day that problem at how to make China for her own consumption. Such a

In both bids for the construction of thirteen" situation is keenly felt self-sufficient in food supplies,

warships will open on August 7, The amount of foodstuffs im-commercial and official circles.

Mr. Chen Kung-Po, Minister of ported during the past three years has been alarming. In 1992, the Industries, an interview, stated total amount of such imports was that the Ministry recently approa- number of food experts vulued at $196,520,240 constituting ched a

for their opinions concerning the 12 per cent of the total value of

Mr Swanson simultaneously an- Imparts during that year. In 1933, problem of making China self-

Mr.nounced to newspapermen that the the sufficient in food supply. despite a good harvest in

Chao "Lien-Fang, one of the ex-Navy Department was studying the country, there was a sharp increase

number of vessels which should be total in foodstuffs imports, the

perts, mapped out a scheme for

Washington the pro-replaced under the amount being valued at $266,670,- increasing and, improvi

But "no Anal decision 800, which was over 19 per cent of duction of rice, which forms the Treaty.

weald be reached until they had the total imports for the year. In chief food of the Chinese people.

seen what other powers were going 1934, nowever, there was a decrease

to do, he added. as compared with the previous year, but it was still valued at as much as $104,628,961 which was over 10 per cent of the total value of imports during the year.

He said that sentiment had re- cently changed in the Navy De- |partment in favour of replacement instead of modernisation of ob- solete treaty vessels.

NO. RIVALRY WANTED In answer to a question as to whether the United States would match warship building by any other powers when the Washing- ton and London Naval Treaties ex- pire, Mr. Swanson said:

"

EXPERIMENTAL STATION According to his scheme, a Na- tional Rice-Planting Improvement Commission should be organised jointly by the National Economic Council, the National Defense In order to check the continuous

and the influx of foreign foodstuffs China Planning Commission,

Central Agricultural Station. should be made self-sufficient in

The fundamental | Under the direct supervision.cf food supply.

the Commission, there should be factor causing shortage of food

a Rice-planting Experimental supply in China is chiefly the rapid

of the rural population Station, and similar experimental increase

stations should be established in and the unchanging area of cult-

"We want no rivalry.". various provinces to make expert- vated land.

ments in the planting of rice.

But it is recalled that naval ex- Meanwhile modern scientific met-perts" announced, during the dis- hods should be applied in the improvement of production, ex- termination of harmful insects, manufacture of manure, better- The far- ment of irrigation, etc. mers should be trained in these

The thirteen ships to be con- new way of production and effi- cient measures for the transporta-structed immediately included a tion and distribution of the pro-light cruiser, and aircraft carrier, ducts should be instituted.

TOO MANY FARMERS

In a radio broadcast entitled "A Graphic Survey of Chinese Agricultural Conditions", over the Central Broadcasting Station here läst Saturday, Mr. Chien Tien-Ho, deputy-director of the National Agricultural Research Bureau, de- clared that the average size of land-holding for a farmer in this country is so small that he can foodstuffs not produce enough over and above his own consump- due chiefly to the

134tion. This is

::

$100

$20

$10

H.K. Gealstes...............

$4

Chinn Do...!

3123

Do. DebenturesS.

$8.15

Humphreys

$8

New Asia Hotel

+35

$13

Asia Reaitier “A”.

$41) Duy (new)S.

Zoong Sings......

Do..

"B".

$90

Chinese Estates.....

Cotton Mil

$8

Ewus ..........:

#s

S' Cowsfold)S

T 201

4421

201

2-

256

Wing On l'extiles(5.)

$35

Public Utilitie

Tramways

$13.10]

Por Trums (old) .......

+7+

Do (new)...

$3

$77

Star Ferries MARIAPPO

$75

Taumati Forties .......* $18).

3-.80

China Lights ...etese

19

$55

HK Bistrica ......

Macao do.

Sauakan Ligilts ....

$30

Telepies toid) ... | 320.30)

$2.10

Do. (new)

$8.20

10/8 20/6

$8

$19

Caldbeck, ani)

$13

Macgregorafiprot.)

$1,80

Caaten Ices

Cements

$2

Ropes čimvet

$11

MiscellaneoMS

„3142"

$3.10

$1.00

Dairy Farms ....... » .. $14.30 Amusements ******

Ch. Etainment.......

$1.40

45 at 1.

$2

18

38.10

China Buses

Pescoluna

D. (proty

Industrials

Malabon Bugars

Constructions, (old)

Do.

[Dow

Lane Crawford.......... ..... Mackintosus Nanyang ToucGU. ---

sinceras

Wat-009

170 ote.) Way, Pomalia mom......

$3

32

M. Greyhounds

$1.35

S. C. Enterprisea

947

Uh.G.321926 Bda-90%

***

presu. prem,

HK. Gora, 4% Goans; 67%,

..Do. 31%

Wallace Harper

$100 BLE Wing On...................

S'hai Do. Vibro Pileng

A scheme for the improvement of the production of wheat has also been worked out by Mr. Chen fact that the number of Chinese Chung-Hau, another food expert, farmers has increased 31 per cent according to Minister Chen. The during the last 60 years, 1873-1933, project calls for the use of scien- while China's cultivated land hasttäc methods of production, im- increased only one per cent duringprovement of communication faci- the same period.

An investigation conducted by the Bureau in 1933 discloses that 36 per cent of the farming popula- tion held land of less than 10

ABOLITION OF TAXES

41

lities, reduction of transportation rates, and inland tax, prohibition of. moistening or mixing the pro- duct with other substances. China United Press (by mail).

NEW MONOPLANE FOR CANTON

(From Our Special Correspondent)

Canton, June 27. A Stinson cabin monoplane. ordered by the South-west Aviation Corporation, arrived here morning by flying straight from Kai Tack aerodrome in Hong

[Special to the "Hong Kong Dall Press" (Copyright)"}

Nankl. June 20. The Ministry of Finance, has instructed the Klangal Provincial Government for the Supervision of Taxation, that a detailed report on the abolition of miscellaneous taxes and exorbitant levies as well as Kong.

The order points out that part of the proceeds from the Stamp Tax, which was formerly entirely an item of National revende, has been turned over to the Provincial treasury as a set-off against the deficits of the Provincial Govern- મફ mcnt following abolition of the $1.10 exobitant levies and miscellaneous 20 eta. taxes. This being the reason for the remittance of part of the Stamp Tax to the Provincial au- thorities, the proceeds therefrom must not be employed for any equipped 56 st. other unauthoritized purpose..

China United Press (hy mail). $1.36

32.

$9.70 371

82

this

cussion of the present bill, that the United States sea power would be second to none when its pro- gramme was completed and that her place among the naval powers would be maintained.

three destroyers of 1.850 tons each. are destroyers of 1,500 tons each; and three submarines- Reuter.

+

FLYING BOAT GIANTS

At Air Pageant

(Special Air Mail Service)

London, June 14.

S E. Levy & Co.

7. ICE HOUSE STREET INVESTMENT BANKEES & BROKERS

MEMBERS» «

NEW TORK COTTON REGHÄNGE COMMODITY EXCHANGE, ING, N.Y. CHICAGO BOARD OF TRADE. CANADIAN COMMODITY EXCHANGE, INC

CORRESPONDENTS FÉ

WHITE, WILD 00., NEW YORK

NEW YORK STOCK EXCHANGE

New York: June 27.

(1 rough Reuters Agency)

QUOTATIONS

Last Today's

High Low Close Close 4.9 4.931 4941 1941 11.31. 11.17

Change off Dull

11:43 11.30 .07 up

18.51 12.36 19.61a 13.38" 15

KET UNC

New York/London Cross-rate Now York Cotton-Uct. New York Rubber-Sept Chicago Wheat -Sept Chicago Corn Montreal Silver Silver Officia} :

-Sept -Dec.

Dow Jones Avorages

30 Industrial 20-Rail

20 Utilities

40 Bonds

Stock & Div.

(.25dr.)

Am. For. Pwr

Am. For.. PwC. $7 1st

PL.

Am Locomotive

At the Royal Air Force Display Am. Metal Co. at Hendon, on June 29, one of the Am, Radiator principal items will be a forma-Am Smelting tion flight of seven multi-engined

Am. Sug. Ref (2) flying boats.

76

75

71.00 70,35 71 30 71.30

69

up

up unchanged unchanged

High-1934/35 Low: June 15. June 28. Change

ཊྛཡོ

ཙཀྐབྷཝཱཀྑཱུ

ཊྛཏྭཱ ཊྛ ཱཿཝོངྐོ

ནྲྀཎྜསྐ

120.76

84.58 1:8.73-

117.84 109 off

52.96

27.11 33.14.

-32.78

138 off

31.03

14.39 21.95

21.88

27 off

07.47

84.73 96:99

95.-2

,07 of

11 Commodity Index

85.26

41.98 56.79

58.38

80 dp

Last Sale Jun.25 Jun, 25

Last Sale

Stack & Div.

Jun, 25 Jun. 26

Adams Express ...... Alaska Jun (1.002)

01

61

Gold Dust (1.20)

151

IT

154

16)

Goodyear. Ma

18

18

Allis Chalmers

Int Cement

291

30+

Am. Brake

.(BO)

Shoe

1!

Int. Harv 1.60)

45

444

Int: Nick (80)

28

271

Amer. Can (4) 1384

1364

Int. Tel. & Tel

10

91

Am. Comm. Alcobal

(25)

Johns Manville.......

514

51

Kennecott (150)

171

171

Am. Cyanamid "B"

Krog. Gro. (1.503)

212

211

Lehman (2.40)

794

80

44

Liq. Carb. (1)

261

241

Loew's (1) Lorill. (1:20),

41

40

202

201

14.

14

McIntyre (27) ....

411

411

181

181

Mont. Ward."

271

274

14)

141

.....

Nat Bisc. (2)

291

291

42

Nat City Bk. (1)

231*

23*

Nat, Da P. (1.20)

187

168

Am. T. and T. (9)... 1281

.124

Nat Distillers......

251

251

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

92

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

81

81

Am. Waterworks (1) Am

13

122

Nat. Steel (1)

Waterworka 38 pret (6)

N.Y. Central

178

17

10

N. Amer. (50c. 4%)

17

161

143

Otis Hec. (.60)|

181

184

Pac, Gas (1.50)

241

241

481

47

་་

(2ɛd.) Short

Pac Ltng. (3)

05

351

Atlantic Ret (1)

26+

Packard Motors

44

4

Lt.

Pennroad Corpn.'

24

24

Automobile" 224

21

Penn. Rly (1).j

234

23

11 11 Phil Petro (1)

214 214

147

144

Pierce ArrOW

262

Pub. Ber N.J. (2.80) 377

7

71

Radio Corpn.

247

244

Repub Steel

134

Rey. Tob. "" (3)

507

551

542

Schenley

10

101 Bears Roebuck

271 427 423

27A

481

48 Shell Union Off

251*

251

Simmons Co Soc-Vac. (60)

81

131

13

Orn. Cal Ed. (1.50)

191

191

43

Southern Pacific ...

18

181

487

Bouern Bly/

74

Stan. Brands (1)

Comm. Solv. (-80). 191 19 Stan. Gas

Comm. Sthen..... Comm

1#

Sta Oll Cal⋅ (1)

Sthre

Sta Oil NJ (1)

Ster Pro (2.80)

10 151 15μ

351 341

47 484 63!

Studebaker Corpn.

18

Texas G. Bulp (2)

Transamerica (1,124)

341 61

331

Un, Car and Carb

(140)

814

60%

4

Un Pac. Blys. (6), 1041 104

Obviously they cannot land, so that perfect timing will be neces- ensure their arrival over sary to the aerodrome dead on time.

They will be led by the largest Ariaconde, Copper.

in this Atch. T. and. 8. F. flying boat yet built country the six-engined machine."

formation will be Squadron

Atlas Corpn...... taken up at a rendezvous, in the Auburz air near Felixstowe.

Baftimore & Ohio" The ma-

Bendix Aviation chines will come over Hendon at a

Bethlehem Steel height of a few hundred feet, so

Boelig Airplane Borden Co. (1.60) spectators will get an excel- lent view of them.

Borg Warner (dr. 39 Case Gaterplifar Tract Canadian Pacific

4

Ch. Nat. Bk. (1.40). C'Peaks Corp. (250. C'Peake Corp. and 41

Ohio (2.80) Chrysler (14): Col. Gas & Elec.....

the mode of employment of the The new plane will be used for Provincial quota of the proceeds the Canton-Lungchow air une. from the Stamp Tax, be submitted which is increasing both in mail The com- to the Ministry for approval. and passenger trainc.

pany has now four Stinson passen ger planes and two auxiliary craft. Another Stinson machine is ex- pected here some time next week)

The South-west Aviation Cor-that

A 31-TON AIRCRAFT poration is maintaining an air line from here to Lungchow via Wu-

The Short bost weighs 31 ton's chow, Nanning. Another line runs

of 150 mph. Her six Rolls Royce from Canton to Pakhol via Mowfully laden, and has a top speed ming and, Holhow..

engines develop almost 6000 h.p. between them. She has accommo- of ten. Her dation for a crew wing-spread is 120ft and she stands 30ft. high. There is even a kitchen, with a stove, ice chest and cupboards in her interior. There are also sleeping quarters.

The Short Singapore four engined flying boats will be in this Squadron also. These types have been ordered for re-equipping the RA and some have flown in formation to the Far East Cont, O11 (24) Corn Prod (3) A third

hird machine from the

Coty Inc. Rochester alipway is the new boat. "gull-winged" monoplane powered with two of the new Rolls" Royce Goshawk steam-cooled" eh- gines.

NEW YORK COMMODITY

An official of the company said that the machine has a cruising speed of 120 miles per hour and is speed with flaps or arresters and with lights for night fying.

STOCK AND QUOTATIONS

(Through Renter's Agency)"

eནྲྀ ཨྠཧཱུཾཿཨྰཿཤློོཀྰ= vཏྟཊྛཝཝནྟཾབྷཱཝོབྷཱཝ སྒྱུ ཆུ རྫོག ཙྪཱནྣཝཾ ==3#a#གནྡྷནྡྷནྡྷཏྲྰཾཨྰཿཀྰཨོ་ཧྨཀྰ་ྲང་ཧྥོ་ཆེ་ཨྰཿག རྒྱུཙ |ཟླ7||་ྱབྲཧྨདྷ

cum. Pl. (8) Congo-Nairn (1.66) Cons, Gas NY (2) 251 Cons. 01 (28)

81

Cwil. Cork £2,70 P-

(2.70) Curtiss Wright.... Curtiss Wright A7 Delaware & Hudson Two boats built by Superinarine

Douglas Aircraft and two Saunders-Roe boats will Du Pont (2.602)))))) complete this formation of Bri East Kodak (4), an

flying Elec. Autolite Co.

New York-London

Cotton, July 7,

11.81

11.30.

June 27 Last

11.00 Close Open 10.20 10.40

494

494 494 494 11.65 11.85 11.65 11.36 11.34 11.37

$12.25

12.15 12.18

12.38

12.33 12:36

∙12.16) 12.38

BOL

793 1794

tain's

latest Bea-going

82

811

81

Vérszi3.

Winnipeg Wheat," July

81

811

A BIG FLIGHT

STOCK

251

254

71

321

327

10

407

271

DUTCH-ITALIAN TRADE

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

FITTING YOUTHS FOR JOBS

Washington, June 26. A $50,000,000 programme for the training of young men and women between the ages of 16 and 25 in higher education, or finding them jobs, was announced to-day by President Roosevelt.

Amsterdam, June 26. The trade treaty negotiations; between Holland ami Italy which have been going on in Rome for five weeks, ended in failure, ac- cording to an official announce ment issued here. Efforts have been made to reach an agreement, nat only about the commercial treaty but also the arrangement of a practicable mode in the settle-

Choir Boy ment of accounts. It is expected that the Dutch delegation wire-up. singing in the choir?”””

The President is confident the yield from this investment will be high and will lead to the absorption of 500,000 youngsters in the scheme. Neuter,

Some Voice

whe what made you give

turn home, pending further deve- Ex-Choir Boy, I was absent, one Bunday and someone asked if the Bopments.

organ, was mended.

Cotton, October Rubber, July Rubber, September Wheat, July

Corn, July

American Smelting Consolidated as of N.Z. El. Bond and Share General Motors,

Int. Tal and Tel Loew's Inci

Montgomery W

NT Central

Standard Of Co. of

US Ster

CHEROKEER

-171 17

Un. Alferaft Corp.... 134.

46. Un Air Line Trans.....

Corpn. ********

Uni, Gas Impr. (1.20)

Unly. Lear Tob, (2)

United

2524

UE. Pipe Fary (50)

1017

1001

UB.Rubber

12

UB. Rub, $8 1st PL - 314

U.S., Steel

Fer Bond & Share 77

US Steel PT. (2)

Elec. Bond $5 P (5. 53 621,

Vanddium

197

Elec. Eond $6 Pr (6) 58

Vick Chem 12 402),

3

Warner Bros. Fiets.

West Union Tel.

West E&M (85)

324

144

Two of the Ringapore boats will be flying from Singapore to Hong mlec. Power & Light si Kong on June 20, where an exten" | Fox Film “A la sion of the British air route is to

Glen Elec. (60) fake place. AN

Gen. Foods (1,80) 387- From Hong Kong they are to Cen Motors (14) fly to the Philippine Islands to pay Gen. Rly. Bigs (1),.. 284 a visit to Manila, The whole Gilette Saf (1) night including the return to Glidden Co. (1) Singapore where they are due on June 29 involves flying 1000 miles per day.

30

West Air Brake (1)

Wilcox Oh and Ges

Woolworths (840)

Cali Mbney

possibla, untilation