1935-07-01 — Page 13

LLOYD TRIESTINO

FLOTTE RIUNITE MOVE TRIESTINO-MANTIMA ITALIANA-SITEAZ

EXPRESS PASSENGER SERVICE FAR EAST-INDIA-ITALY

Through Tickets to LONDON (Sea & Pail 82 Days) Heavy Luggage to London by Special Train FREE OF FREIGHT Interchangeable Return Tickets with the Tollar Lines on very favourable conditions.

KOUND THE WORLD TICKETS ISSUED in Connection with All the Trans-Pacific and. Trans-Atlantic Conference Lines at " Special Reduced Rates..

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

and South America, via Italy.

LLOYD TRIESTINO Queen's Building, Ground Floor,

For full particulars apply to—

Tol, Add, “LLOYDIANO

Agents in CamƯỢN I

Telephone 32981.

P. O. Box 143.

DODWELL CO., LTD., SHAMEEN.

M.V “NEPTUNA”

PASSENGER & FREIGHT SERVICE TO

AUSTRALIA

Next Sailing 24TH JULY

for Manila, Sandakan, Salamana,

Sydney & Melbourne, First Class Fare to Sydney:

Single: £47.10.0d.

Apply to

Rabaul,

1

Return: £76.

GIBB, LIVINGSTON & CO., LTD. Agents.

THE

P. & O. Building.

CHINA-SIAM

Regular Weekly Service

LINE.

between Hoogkong.Bangkok via Swatow and vice versa

"HELIOS"

. "HIBAM"

From Hongkong

6.5.

* HELLAS"

心理。

fat July

8th July

15th July

2nd July

29th July

1.8. "HELLAS'

HELIOS"

1. HIRAM”

From Bangkok

6th July

19th July

19th July

26th July

8th August

2nd August

Accepting cargo for Swatow and Bangkok.

Begalar Fortnightly Express Service

between Hongkong-Singapore-Rangoon and vice versa. ma "HAI LEE" "sailing about 5th July. "HAI RING” sailing about ed July. Accepting cargo for Singapore, Penang and Rangoon.

Excellent passenger accommodation available.

For freight, passage rates and all other information-Apply to:

THORESEN & CO., LTD. "

Tel. 30237

General Agents.

Queen's Huilding.

THE SHARE MARKET

HONG KONG DAILY PRESS, MONDAY, JULY 1, 1935.

H. K. STOCK

EXCHANGE

SATURDAY'S OFFICIAL

QUOTATIONS

LONDON EXCHANGE RATES

The market continues, firm but! Berlin only a small business has been Bombay Brumela effected. the principal feature

Bacharest being a further rise in Hongkong

Buenos Aires Banks, sales of which are report Copenhagen ed up to $1090 but there are now sellers slightly below this rate. Telephones have advanced

$21

........12.10 Florina.

Os Amsterdam Athens

(British. WirÜLM

Sterling Parity June.

SERVICH

7.241

Belgrade

870 Drachmme $70,376 Dinars

514 8.

Juuo, 26 7.231 514 S.

90:43 Marka 12.224.

12.31

ised. per Rüpse

36 Belys 29.21 $13,568 Lei

29.20

to

be

Genera Helsingfors Hongkong Lisbon Madrid. Milan...

47.58d. per P

18.150 Kronez 96,29) France 193.23 Marki

15.07

15.07

2287

110. Esendos 98.29) Peseta " ****** 98.46 Lira 50.880. per Prad

2/21

35-31/32 501

59 19/32

Paris......

Prague

Rio de Janeiro

4.867 Dollars 4.867 Dollars 18.139 Kroner 194.21 France 164.95 Kronen 26.99d. per Gold Milreis

18.130 Kronor

4.941 4941

74 35/64

74.33/84

1/71

1/7 5/18d.

94.88d. per Yen

31 5/18 8% 81% 1061

311

314

and Chica Lights can placed at $9. Electrics and Dairy Farms are also in good demand at $571 and 3144 respectively

BUYERS

Baguio Gold, 20 cts Hongkong Trams, $13. Yaumati Ferries. 317." Electrics, $574.

Telephones told), $20,90

Singapore. Tractions, 10/6. Singapore Tractions (Pref), 22/a. Watsons, $3.10.

Govt. 4% Loan. 6% Prem. Gov. 3% Loan, 3% Prem

SELLERS

Hongkong Banks, $1075 Star Ferries $77.

Sandakan Lights $34.

Cements, $51.

Wallace Harpers. 34

1 SALES

Hongkong Banks, $1065/109V,

Union Insurances. $360

Itogons, 321 cts.

Docks. $64.

Hongkong Lands. $35. Humphreys, $84.

ད

Hongkong Trams, $13.10. China Lights, 58.85/8.90. Telephones (old), 3204/$21

Montevideo

Montreal... New York Oslo

Shanghai.........

Stockholm

Vienna........ 346 Schillings

Tokohama

Silver (spot).........

Silver (forward) War Loan

4.94 494 5/16

Closing Quotations

Oy New YorX ¡ -----

J 29 1435...

ON LONDON :

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

24

Bank Bills, ou deinand Sej Credits, 80 days' night. 50j ON BATAVIA:-

On demand

701

sight

3,28

ON PARIS :-)

Credits, four" months'

Bank Bille, on demand Svij

Bight

Credits, antha' erghi 2 7;

OF SHINGEAT!--

UN SAIGON:

On Demand

1377

On demand

#2

ÖN SINGAPORE: --

ON MANILA

On demand

109

ON BANGKOK

On demand

81.

Sovereigna, Bank Buying

Rate

2/34

On demand

BERLIN BOURSE ON JAPAN

(Special to the "Hong Kong Dain Prese" (Copyright).]

Berlin. June 29.

A festive air prevailed in the

'On demand..

Ox Indiá:-

Telegraphic Transfer...

Bank, on demand “...................

• 4 h

bourse on Saturday when the 250th INSURANCE ACT

anniversary of its foundation by the grand elector, of Brandenburg was fittingly 'celebrated.

Business was brisker than usual, on Saturdays, attention concen- trating itself chiefy on the special types of shares, above all, those known for regularity: of dividends such as Reichsbanks and Dyetrusts. This improvement of the market is attributed to the Coupon Day when holders of fixed interest securities receive quarterly interest of pay- menta. Fixed

Interest security market fell, while Gold Mortage bonds, however, were vellet.

Call Money stood at 334, and Young Lean was at 104, but it was unquoted on Friday. Reichsbank lumped 31 to 1901, Dyetrusts rose one bo 150%. Salzdetfurth Potash improved 14 to 1791, German Steel. trusts was firmer at 844, German Mineral Oils advanced to 1102, Siemenshalske jumped 2 to 178, and Bemberg Rayon declined to 118.

Although throughout the week,

the actual business transacted"re- mained at a low ebb, the share prices kept firm and in many cases underwent an appreciable im- provement. This was all the more temarkable because the price level was already high. The "demand, though small, was greater than the 'supply as holders were unwilling to part with their good stock. One element affecting the business ta the holiday season and glorious weather, resulting in the general exodus from the cities, buyers be ing thus few.

UNWISE

Dr. Ma Explains

BAN SIVE, per os.

THE EXCHANGE MARKET

MESSRS. ROZA BROS.

Saturday June 29. Shanghai, June 26.

Silver prices dropped 1/16 yes- The new Chinese Insurance Act which has just been passed by the terday for both deliveries, the quotations being 31 for Ready and Yugn discriminates Legislative against foreign insurance com-31 for Forward. Silver advices reported India and China as pantes. Dr. Ma Ying-chu, has

having sold, America bought. explained the motive of the new

The market closed steady. as a precautionary legislation measure to prevent the export of Chinese capital abroad. Mr. T. Lunchanged at 695 for spot Sher, Chinese manager of the Manufacturers Life Insurance Company of Canada, in a press interview made a comment which has been published in several local Chinese papers--the transla- tion of which follows:

"Life insurance is a modern in-

stitution. It eliminates the uncer- tainties of life, protects the home. ensures education for the chil- dren, and encourages the habit of saving.

*Efe Insurance

founded

on

the

and

companies, principle of mutual benefit to the human race, answer a very vital sociaz Foreign companies have need.. been transacting Insurance busi ness in China for over forty years. They have done a good deal of pioneering work in educating the public to the value of insurance. In view of the failure of several Chinese companies, a very large Confidence was promoted when

number of Chinese-including the official statistics were publish-

many ed, showing considerable sales of

prominent political coal to Industry by, the Rhine financial leaders have taken out Westphalian Coal Syndicate policies with foreign companies. day and Saturday saw the pricas la recent years, several Chinese insurance companies have been soartrig, especially for the standard

organized on modern lines. Due shares with fixed dividends. For

to their short, history, they are one thing monthly in this case, the

still not in a position to compete half yearly settlement of accounts was passed off without a hitch, for with foreign firms of the drop in ex- another, the recipients of quarterly Oh account change Sterling, counters display interest payments on fixed interest ea more armness with Hongkong payments on dzed interest securi Banks

transacted at $1045/75 and ties proceeded to reinvest. Union at $380. The tone of the Fixed Interest security market marker at in cicee is arm but throughout, remained dull, but most of the prices ended a trifle farmer than at the beginning of the week.m Tensianrean Bun Min

Harriman's Weekly Review

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

The market maintained a very Arm tone during the week under "review and a fair volume of busi-quiet.

ness has been passing in invest-

Business during the week pas

ment issues, which were firmer been done at the following with Hongkong Electrice improved

to $57 and Telephones. (old) to $21, Hongkong Lands were a notable feature and jumped up over two points to $35 during the week. Star Ferries were again dealt in at $76 and Hongkong Trams at $13.10. Dairy Farms showed great appreciation with business

doce ab $14.50y60. Wharves had

ries at $75, Minor Change

sellers preva

Issues showe

prices:

H. K Banks, $1030/1875 Unions, $3557,360. Humphreys, $8.

Raubs, $5.80/5.90

H. K. Trams, $13.00/13.20 Govt Loans 40%, 6%

China, Lights, $8.65/8.85. HK Electrics. 3564 Dairy Farms $143/14.50 Hotels, 24

Tele

65/85

nes (cd) $20:10/21.00

15

délda: 32.27

Dock.

with Hotels

$1 and China Ligh

Watsons still ac

with buyers

at were neglected with sellers at $11

REICHSMARK QUOTA- TIONS

[Special to the “Hong Kong Dally Press". (Comright).].

* Berlin, June 29. Reichsmark quotations (without guarantee)

New York Pazi Amate

A Better Way

In America the omcial rate, was

The London/New York cross rate was quoted at 4944, and the New York/London rate at 494..

ווי

Market.

Steady but duk

Sterling

The market then

13

PRESIDENT LINERS

TO

NEW YORK

follow Two Thrilling Routes

Sail to New York through the Suss, stopover in Europe en Touté. Then retum through the Panama Canal, visiting

·Havana, Los Angeles and San Francisco, all at their gayest in this season ... In other words, go- one way, reham another, by President Liners and double the enjoy- ‚«ment of your ip. Ask about the low faxes now in identi

TO SAN FRANCISCO 18 Days To VICTORIA, SEATTLE 17 Days via Shanghai, Fobe, via Shanghai. Kobe. Yokohama, Honolulu

Fortnightly sailingsi

Pres. Pierce July 9, Maight Fren. Hoover. July 13, 10 km. Pres. Wilson.July 20, M'night Pros, Coolidga. Arg. 10, 8 sm. Pres. Lincolo... Aug. 18, 6 am.

EUROPE, NEW YORK

Inquire for round-trip tickets to Europe. in connection with Lloyd Triestino. Via Manila, Singapore, Fenang, Colombo Bombay, Buas Canal Alexandria, Naples, Ganon,

Marseilles.

Fres. Garfield...........July ́6, ♬ a.m. Fres. Polk ...July 20, 8 am. Free Adams ... Ang.3, 9 x.m. Pres Barrison Aug. 17, 8 am. Pres. Eayes Aug. 81,8 am.

Yokohama

Fortnightly sailing Pres. McKinley, July 5, M'night Free Grat. July 19, M'night. Pres. Jefferson. Aog., M'aight Pres. Jackson Aug. 16, M night

Pres. McKinley Aug. 10, M'night-

MANILA

THE MOST FREQUENT

SERVICE

it

Next Sailings Pres. Boover... July 4, p.m. Pres Garfield,... July 8, baỮ, Pres. Grab July 13, 6 p.m. Pres. Polk... Joly 90, 8 s.m. Pres. Wilsen.duly 23, 6-p.m.

DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE

"FENDER', NULLDING— HONG KONG.

CANTOR "BRANCH 4, KAKIS MOLD.

SERVICE TO READERS

THE

LE HONG KONG DAILY PRESS, LTD.. and the HONG KONG WEEKLY PRESS, through

their London Office, at 53, FLEET STREET, E C. 4, Tel. 3137, are prepared to give Subscribers and Visitors advice regarding accommoda tion available, motoring faci- lities, suitable shopping

centres, etc.

, 19

If, when at home, they will

Business was done during the early part of the morning at 2/2- 13/18 for July and 2/2-15/18 for call or telephone to the above September.

business address, they will receive the eased off slightly and was done at 2/2-11/18 for near and 2/24 for August. The market utmost assistance and the closed steadier with sellers a 2/2 latest available information on 11/16 for near, 2/23 second half July/August and 2/2-13/16 september, buyers at 1/16. higher respectively.

Di

US Dollars Business was done at 55 for pear delivery. The market closed with sellers at 54-15/16 for June/ July and 55-1/18 for August, buyers at 1/8 higher respectively.

Shanghai Dollars. Sellere were quoted at 138 for near delivery

Shanghal Market, Opened with sellers at 1/7-3/16 and closed a shade steadier at 1/7 for spot. U. S. Dollar opened with sellers at 394 closed steadler at 39-11/18 for spat

a ready

quantity market

"Perhaps the Government en- acted the new legislation with the

in mind. To my mind, It would even found Protection of the new companies the past year a large be far better for the Government abroad; but before the Chinese to try to strengthen the stand-succeeded in perfecting the mak ing of Chinese companies than to ing or fans, the products of limit the activities of foreign, comEdison," "Siemens" and "G.E" panies, I recall the days when companies rendered some very our people used to deposit their valuable service to those who had funds with foreign banks. Since to work during the sweltering the establishment of modern weather. There was no reason Chinese banks, the Chinese are why: China should ban the

to turning

Chinese banking portation of foreign made fans, institutions for the safekeeping of just because she could not pro- their savings This change has duce them herself. If the Chinese taken place without interference insurance companies wil on the part of the Go ment, to zelentific.managemen

Another obvious Insti

electric appliances

the sidering that only a

The of the vast field has,

triced, thel

400

Walons and other

(50.26)

companies

Ay. Once they gain the

cellent ole

my of the

the Chint Ware

#1508′′

ניי

en

all subjects of enquiry will be placed at their disposal.

CONSIGNEE NOTICES.

SERVICES CONTRACTUELS DES MESSAGERIES MARITIMES,

CONSIGNEF NOTIOF.

S.S. "ANDRE LEBON"

BRINGING CARGO From MARSEILLES

ARRIVED IN HONG KONG or SATURDAY, THE 19TH JUNE, 1935.

ONSIGNEES are hereby informed. that their gor da with the exception of Opium, Treaanre and Valuables are being landed de stored in to the godowns of the Hong Kong Kowloon Wharf and Godown Co., Ltd., Kowloon, whence delivery may be obtained immediately after landing.

......

Goods not cleared within 7 days including date of arrival, will be subject to rent."

All Claims must be sent in to me on

or before the 12th July, 1935, or they

will not be recognized.

Damaged Packages will be examined by the Company's Burveyors, Meiers, Goddard & Douglas in the presence of the Consignees at 10.00 am. on 4th July 1935,

Consignees must have Boyange

Officer in attendance when any dotiable goods' are examined by the Company's” Surveyors.

No Fire Insurance will be effected by: us in any case whatever,

B. OHL,

Agent.

[36.0

Hong Kong, 19th June, 1936.

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