12
DAILY SHARE QUOTATIONS
•
Hong Kong Stock
Exchange
Snartbrokers”
Association
Bayern Bellar
&low
Woman!
WEDNESDAY. NOV., 13.
*deller
FLYTE
Banka
$1.10
1980
H.K. Banks
Bo. (London) ***
Ei turăn
سلمان
Momina
HONG KONG DAILY PRESS. THURSDAY, NOVEMBER 14, 1935.
NEW YORK STOCK
AND
COMMODITY QUOTATIONS
(Through Renter's Agency)
New York-London....
Last November 13 Close Open 10.30 10.45
10.08 13.10
943 582
491 491
Cotton, May.......
11.50
11.49 .11.42
$1,450
Rubber, December"
13.23
$10!
Chicago Wheat, May
95*
£14
Corn, May
591
||
STOCKS
Anaconda Copper
egat
El. Bond and Share
Montgomery Ward
$1,500
£1014
Chartered Banks
ELB
Mercantile 'Bks. “A”
Do.
£19
$71
Bank of East Asia. 70
E18
N. C. & S. Bazke
Am. O. Fin.Corp; B.
My
Ch. Fin Corp. Ord. 8.
Do. Prof. i.
General Motors
Int. Tel.. and Tel
Canton LosaLIANCES......
$250
Underwriters
$1.00
NY. Central
Union LosuraNONI ...
$580
U.S. Steel
$400
China Fires A
$480
1255
H.K. Firest
International Asson. 5.
24
#36
14
Steambo.c
$80
Indos (pro)
$17
Do. (dur.) |
голов
Shella se
$11
Waterhota
Mining
Amtamoks
Shipping
Douglases......
La sty
Do
$230
$30
SEE 80/-
$1.05
17 cu.
***
$17
29 cta,
Balatoos ...............
Baguio Gold
Benguet Consolidated $13)
Exploration
Do. Goldfeld...
At Big Wedge........
Gold River
tfold Creak.....................
United Paracales...
Kista
15 ot
Salicos Mining......
90 sts,
po Mining............
36jets.
Itogona mama in...
13/-
Kailuas *****<<<>
$13
Langkats (single) d.
110
Sungbai Loans. Haubs.***
$90
3874
31.50
20 ets.
Explorationer J.
$9.30 Venezuela Gold Fida.
Docks, WharTEK,
Godowna, na.
H.K. & K, Wharres.
Dor (old)
Do (new)
Providents (old) $1,90
Do.
[new]
H.K. & W. Docia
3. Unua Mowrs' A'
Do.
Shangua Dock 8. New Engineerings.
1237||| Hongkawa'
Landa, Hotels, and
H.K. Hotels
སྦྱོར༔; ;
+
!! 1***!
444
9 c. Bj uts
EB atr [14301k.
13/ $101
13
136 $10
524
tea
$88
$1.25 |
...
38
$80
201 201 20* 201 157 161 18+ 161 58 561 561 502 101 102 101 10% 351 351
351
352 221 221
22
227
401 481
484
461
I
New York Stock Exchange Quotations appear on Page 13.
NEW SILVER
SCHEME
A Businessman's View
Shanghai, Nov. 9.
In view of certain adverse.com- ments new appearing in Shanghal | on the effects of the Government's currency scheme The "North-China Daily News" has obtained from a Shanghai business man an expres- ision of opinion which will be read
with interest.
MAN'S FUTURE ON EARTH
Extermination Or Progress?
(Special Air Mail Service)
London, Oct. 24. Will man be exterminated like the mammoths and dinosaurs, or will his capacities extend until he develops into something entirely different? This was discussed by Sir James Jeans, the astronomer, when he delivered the Halley Stewart Lecture in London last
D GEORGE'S
LLOYD
NEW PLAN
Big Programme Of Reconstruction
(Special Air Mail. Serviós>
London, Oct. 22, Large-scale national reconstruc- tion plans proposed by the Coun- cil of Action the organisation formed by Mr. Lloyd George--are detailed in a pamphlet Issued to- day. A prosperity loan of £240,- 000,000 is suggested as the means of financing the programme..
One of the aims of the Coun:1 is the revival of foreign trade by a policy of reciprocity applied equally to the Empire and to
countries. foreign
Other main heads of the programme are:
Conversion of the Bank al England into a public institu- tion;
of
A Central Planning Board for the national distribution housing and industry:
Division of the country into regions each with a Regional Planning Commission:
Drastic reconstruction of the roads system;
Expansion of electrical, water. telephone and air travel systems; The reconstruction of docks and harbours:
Nationalisation of mining - yaltles;, and
State assistance for agricul- tural development schemes. The Council proposes that National Development Board, be set up to plan a co-ordinated series of works, and continues:
"To clear our stums, to liquidate over-crowding, will involve a far bigger housing effort than
In view of the seriousness of the problems with which China has recently been faced as a result of night. the forced appreciation of the na- Before the publication of Dar- yet been made; and it is essen- tional-currency,and-in-face-S-the-win's "Origin of Species in 1859-tially-of-a-kind-which-private-
|
dominion over all living things by divine right.
10 ots generally favourable reaction In said.Sir James, man had seeti the world's leading financial cen- himself as a special creation given tres to the steps which the Chin- ese Government has now taken to establish a more satisfactory cur- rency 5ystem, it is unfortunate that efforts should now be made
$5.55/60
$5.80
136
$36
$100 390
H.K lands.........................5. Du, 4% Debentures
+36
199
Shangai lands....
10.50/
Metropolitan Landis..
$8.10
H.K. dalties....
Chink Do
Ja Debenturess.
$30
$10
170
21 2022 2018
Humphreys a New Asia Hotel
Public Cities
Tramwaya ...res
Pour feina (old)...
Do (now)...
Telaparan (old)
UU.
China Bussa.5.
(prot) en ske
353
has
enterprise by the speculative builder cannot be relied upon to carry through satisfactorily. Public machinery must be provided and used for the purpose.
1:
"Henceforth he was to see him- self as the most successful mem- "Slum clearance and additional ber of one vast family which in-housing must be planned in con- function with roads and other forms of transport, with the pro- vision of open spaces, green belts, parks and allotments, with electri-
"The
National Development Board will be charged with the 'co-ordination of developments of these services, and will collaborate with a National Housing Commis- slon to ensure a harmontons deve- lopment.
to condemn as a plece of political | cluded—as his more lowly and trickery what is in fact a courage-less successful blood-relations—all cus attempt at constructive policy kinds of animais, pleasant and un- designed to rescue China from A pleasant, fishes, reptiles and condition of economic stagnation. | creeping things. These last were city distribution, water supply. The transaction of business in the old-fashioned denizens of the and, not least with the location China has for so many years been earth; they had inhabited it for ¦ of industry. handicapped by uncertainty and hundreds of millions of years, but. instability of exchange that the man-a mere parvenu for less 110.10 prospect that this obstacle will than one million."
$25 now be removed will be most fav
unrably regarded by businessmen in China.
If the Government's plans can be made effective, and stable rate of exchange can be maintained, importers and export- ers alike should be able to enter confidently into trading prices transactions, and to quote wilch no longer have to include. a margin to cover fluctuations in exchange. In addition the level at
more
to
ON AN UPWARD ROADT "Man's success had come him, so to speak, only yesterday. Before then he had fought with the wild beasts and had not al- ways prevalled. And he still has to fight for his position.
"If he falls in the fight he may be exterminated like the moths and dinosaurs before him, by some race of smaller beings
mam-
more
"It our roads are to serve the day ade- needs of the present quately they must be drastically reconstructed. with a far general provision on the busier main routes of double carriage-
with an extension of the system ways, cycle tracks and footpaths.
ments of existing bridges and pro- vision of new bridges in place of level crossings."
which exchange is to be stabilized perhaps by microbes too small for of by-pass roads, with improve-
him to see. If he succeeds, his affords a reasonable hope of färg.
capacities may gradually be ex. Chinese exports In the future.
tended And increased uatil he which in turn should permit this country to establish a sounder bal-develops into something entirely.
rior to his present self. different from, and possibly supe-
larger quantities of forelɛn. manu- factured goods,
Anta toalties "A".
Do.
Chiness Estates,
Cotton MiliS
$10
110.
125
D'uai Lottomfold S.
1965
1u. (now S.
195 #55
Lawng Sings
$55
Wing On Textiles(13.)
$12 325
15/20/las
$18
$3
IEL
Star Ferries
117
Ysumali 'erries.
... $14
| 11,760)
(Chins Lights ... $1120
H.A. Eutrice .......
$70
Macau
Samtakan Lights .......
$241
$24.55
ance of payments and so to buy
1
$10
(new)..
B102
13.
LacLIQLIM
25/.
Du.
Industrials
181
Malabon Bugare ...
$104
Çaldbeck, onaj Bil
$13
Macgregor (pref.)8.
$1.60
Canton loos
$11
18.40/
34
170-cia.
$31
#5
$1.80
Minceres
15
WSTHORS
70 ota.
12:
31.35
91
$7
prema 6%
$55
! Cements
**********$1.70
Kopes.................. $44
itiscellaneona
Dairy Farma
Amusamente
3182
13)
Ch. Etainment..... 13.00
Constructions, (old)
Do.
(DOW)
Lane Crawforda...
Macrintalis
НЫ
Nanyang Tubwoo..$3,60
DEGLIM,KE) | Wm. Powells ..................
M. Greyhounds...... U. Enterprises ..... Ch.0.8.19966.9Bd
B. Gor 4% Loans
Do. 21%..
Wallace Harper....09.
BK Wing Osarover
B'haj Do.
Vibro Pileng
ANGLO-ITALIAN TALKS
(Speal to the "Hong Kong Dally
Press
(Copyright.)]
$21
60 cts.
$3
$1.49
156 óta.
HIS FATAL FIRST BATH AT 80
(Special Air Mall Bervice)
31
89%
par
$41
$3
much
AID FOR FARMERS
KAMERAS,
S. E. Levy & Co.
7, IOS HOUSE STREET
CNVESTMENT BANKERS & BROKEBA
·NEW YORK COTTON EXCHANGE
COMMODITY EXCHANGE, INQ, N.K. CHICAGO BOARD OF TRADE
CANADIAN COMMODITT EXCHANGE, INC.
CORRESPONDENTS FÖR
› WHITE, WALD & CO., NEW YORK
HAS
WAR
STARTED IN
ABYSSINIA
PICTORIAL MAPS OF THIS
COUNTRY ARE OBTAINABLE
A-T-
HONGKONG DAILY PRESS
MOUNTED
50 cts. each
PRICES:-
U.S. BOXER INDEMNITY
Payment To Be Made In Gold
Nanking, Nov. 12, China's payment for the Ameri- can share of the Boxer Indem- For the 'revival of agriculture,nity, henceforth will be made in learned the Council proposes the invest- American currency, it is ment of some of the nation's "dle from the Ministry of Finance resources" in, putting land, and to-day.
UNMOUNTED
25 cts, each
HEARST LEAVING CALIFORNIA
Complains Of Too
Тахев
(Special Air Mail Service)
London,
Mr. William Handolph
Hearst,
famous newspaper owner and use of the richest men in the world. is to leave California because of the buge taxes he has to pay.
He says that the State income-
Japan's Objection Apart from political reasons "it
farm buildings into proper condi The permission has been ̈“grant-. is difficult to understand why the
tion. the organisation of the dis-ed to Bir Frederick Maze, the tax of 15 per cent., combined with only discordant note with regard worst that our race has to fear is duce, and a substantial measure of buy U.S. currency for the Customs tax, swallows up 80 per cent. I tribution and marketing of pro- Inspector-General of Customs, to the new Federal "soak the rich"
to the recent decisions should have been sounded by the Japanese. who already and in China a large market for the goods which their low cost and up-to-date methods of production enable them to sell in this country. Statistics clearly show that the rapid development of Japan's foreign' trade in recent years has been largely the result of their entry into new markets. and, in view of the present state of industrial organization in Japan and China, there appears to be ttle danger that the stabilization
"Our posterity of ten million years hence may well differ as from us of to-day as we may differ from our lowly ances try of ten million years ago The
defeat and extermination: the best that it has to hope for is to become a forgotten stepping stone on the road to higher things,"
CHINA MAKING OWN RIFLES
Its
Canton, Nov. 13... Since
reorganisation, the production of the Kwangtung Am munition Pant has proved quite satisfactory. Expert ammunition
of the Chinese dollar at its present engineers have been employed for level will seriously prejudice the research work. The plant is now position of Japanese manufactur-producing rifles of the latest Ger- ere already established abroad. Fl
man type.....E
state assistance.
his income.
bar-
gold unita. For cotton, iron and steel, ship-
The" change has been made, as He declares, therefore, that he building, and shipping it is argu- a result of the disagreement of will close his "principality" and ed, there is need for a central Mr. Nelson Johnson, US. Am- other estates In California and controlling authority representing biasador to China, over the pay remove, lock stock and esch industry, which could elimin- ment of the indemnity in Chinese rel, to a State where taxation ate redundant and out-of-date currency according to the current is less severe, works, reduce capital equipment, exchange rate.-- and organise output..
Central News Agency. Electricity distribution, public insurance, transport, industrial manufacture should be carried mu food distribution, and armamenta as public corporations,
ALL PASSENGERS AND CREW SAFE
AU
Manila, Nov. 12
Bre
FORTY-SIX RICHEST
Mr. Hearst is among the 46 Americans with incomes of £200,- 000 or more... At present they pay a Federal income-tax ou a graduated scale of about 60 per cent, matter.
The new State tax in California State was imposed because the
Hla
WXX
000.000 loan, which, besides finan Regarding the proposed €240.- cing a development programme for two years, would provide "a
the 55 passergers and had to find the money for a The suggestion that China has
psychological stimulus to industry crew
of .the Stiverhazel
£70,000,000 Budget, and trade." the Council says this sale.
** Novelist ⠀⠀ Kathleen Morris and according "stolen a march" on Japan by not
ta & report i consulting the latter before im-
sum:
but from the ss, New York, which her husband recently declared plementing the new currency sys-that, given goodwill on both sides, "Could be raised at 24 to 3 stood by the vessel throughout they would leave California as a tem is scarcely deserving of ser- and a desire on the part of the
per cent., or, including the cost the night but has now depart protest against the taxes ious comment. Currency control foreign banks to assist the Govern of amortisation in 60 years at ed, leaving the destroyer Perry
Mr. Hearst's fortune has been is so obviously a matter of sover- ment as far as possible in the re- an annual charge of about 34 in charge of the rescue opera- estimated at £44,000,000, sign rights that only a dependent sponsibility it has now accepted per cent, less than 20,000,000 tions.
Californian "principality"! state would feel under the obliga far the maintenance of stable ex. á year."
The Ferry arrived at the Ban originally a huge ranch covering tion to adopt such a procedure. change, the matter can be handled, In anggesting a new constitn-Bernardino Straits at dawn this 240,000 cres of land.", Close secrecy is moreover, of para satisfactorily. Currency restriction for the Bank of England, the morning. It reported that the Across it he threw great private, London, Oct. 24.
mount importance in the prepara- tions and detailed schemes" of ex- Connell says:
sea was moderating and that it motor roads and constructed wild people who ton of such plans, and the Gov-change regulation are a common The consent of the Government hoped to take off the marooned animal preserves which form an cerning the conversation between are entire strangers to a bath."ernment would naturally be un- feature in the world to-day. In should be required for the election people by noon at the latest immense private 300. Signor Mussolini and Bir Eric Dr. Edwin Smith, the Battersea willing to risk premature disclo a number of countries the com- of the Governor and Deputy
The vessel was reported earlier Drummond, states that Mussolini (London) coroner, said at an in-sures, from whatever source they mercial banks have been required Governor of the Bank. The to be aground, and broken in half received the British Ambassador; quest yesterday.
might come. The unexpectedness to hand over their metallic reser- Governor should be advised and on San Bernardino Island off the on Tuesday, when daring more "I know of an actual case," he of the decisions announced in yes to the Government or the assisted by an Advisory Council or suthern tip of Luzon.
Board representing the interests:|:17: than an hour's deliberation, the added. “A man aged eighty was Monday's newspapers indicated central bank responsible for cur aituation of both countries in the put in a routine bath in a hospi-how well the secret had been kept, rency control, and it would be in- of industry. commerce, labour Mediterranean was thoroughly ex-tain UAE DAN
but that is no reason for condemn teresting to enquire whether bran- and finance. This would inno amined.
He had said. Don't put me in ing the scheme...
ches of foreign banks have been way interfere with the freedom Strict secrecy is maintained a bath I've never had a batat Sliver! Stocks
exempt froen such provisions Pos of the Asy-to-day polley of the about the conclusions reached, will kill me."
Bank but the Italian, sids states that They put him in and it did
The Council belleves that there the discussion, will be continued.- kill him. He died from reflex
are grave, objections to the na- the joint-stock Transocial Kuo Min
An omcial
Rome, Nov, 12... communique con-
"There
syncope,
are some
As regards the disposal of the shy in their desire to assist the stocks of liver in the hands of Government in time of stress foreign banks in China the amount they have been prepared to walve of such liver is probably such considerations of profit and loss.
tioneHsation
HIS "PALACE ——————- The valtor has to pass through these preserves through sev buge gateways" before the enormous composta 27|||which Mr. Hearst has i banks but that they should be the middle of the estate, required to acceptin imitation of The main building is pronta and a measure of regula- style of a Spanish hac leride, with0OU? on facilitating their co-operation patios and marble courts, if one w with national policy in regard to of them is a huge swimming pool coa the direction and flow of cred of solid marble.
No comments yet.
Private notes are available after approval.