1936-01-24 — Page 13

LLOYD TRIESTINO

FLOTTE RIUNITE LLOYD TRIESTINO-MARITIMA ITALIANA SITHAQ

MONTHLY EXPRESS PASSENGER SERVICE

FAR EAST-INDIA-ITALY

Brindisi, Naples: 31 days.

"Venice, Trieste Genoa: 22 days. HONG KONGETO ITALY

M.&. "VICTORIA" 10th Jan, (s)

M.S. "VICTORIA" 18th May (a) B.S.VICTORIA * 30th JulyX(»)

8.SCONTE VERDE 23rd Feb. (b) S.S." CONTE VERDE” 18th Juno (b) M.S." VICTORIA" th March (a)

S.S. "CONTE VERDE” 25th Apr. (b).

(a) Manila' Singapore Colombo, Bombay, Port Baid, Naples & Genos. (b) Singapore, Colombo, Bombay Port Said, Brindisi, Venice &

Trieste.

LE

HONG KONG TO SHANGHAI"

M.S. "VICTORIA" 19th Jan. 8.8. "CONTE VERDE 13th Fob. M.S. VICTORIA" 20th March S.S. CONTE VERDE" 18th Apr.

11

MS. "VICTORIATM 21st MayT 8.3. "CONTE VERDE 20th June M.S." VICTORIA" 21st July

For full particulars apply tò:~~

LLOYD "TRIESTINO

Queen's Building, Ground Floor.

Tel. Addr. Lloydiano" Telephone 32982.

P.O.B. 143. Canton Agents-DODWELL & CO., LTD., Shameen.

S.S. "BENMACDHUI"

Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG, HULL and LEITH (direct) on or about the 9th February.

Cargo will also be accepted on through Bill

of Lading to the usual transhipment ports.

For Freight and Passage apply to:--

Tel. 22533

W. R. LOXLEY & CO., (CHINA) LTD.,

York Building. Agenie:

THE BEN LINE STEAMERS LTD.,

Homeward Service.

HONG KONG DAILY PRESS, FRIDAY, JANUARY 24, 1936.

SINGAPORE RAW RUBBER

Latest Singapore Prices

# B JOSEPH & CO.

Thursday, Jan. 23.

LONDON EXCHANGE RATES

(BRITION WIRELESS SERVICE)

N. D. L. ND

January 20

FAR EAST EXPRESS

#T+

EUROPE

SAILINGS TO F

8.8! STUTTGART...les, Barcelona, Southampton,

Rotterdam, Bremen & Hamburg.

January 18.

Faris

Geneva

74 61/64 15.19

75 1/64

15.20

Berlin

12.23)

12.29

Athens

Bilan

617

011

'Shanghai

Mesara H, B, Joseph & Co. ceived the

New York

4.95 9/16

(,961

Jah. 24

following quotations Straits Currency from Sings- pore for Raw Rubber

Amsterdam

7.271

1.28

Vienna Prague

88. NECKAR. To, Oran, Casablancs, R'dam, „

Hamburg & Bramen...................................

Feb. 7

119

Bpot

Buyert SellareTM

237 up i 341

587 8.

Bucharest Madrid

35 11/54

7/32

88. GNEISENAU. Miles Barcelona, Southampton,

Rotterdam, Bremen & Hamburg...... Feb. si

A

Feb./Mar.

24 up t 241

Apr./June

241 up i 241

Labo

July/Bept.

Hong Kong

1/33

29,31)

29.26

Brussels

Feb. 4 Feb 7-

BS, GNEISENAU M.S. TRAVE

Feb. 4 Feb. 7

Montevideo

4.951

4.961 1/2 1/32

98. FRIDERUN

251 Up 251.

Market.-Undertone optimistic.

34

CANTON SILK MARKET

The Kwangtung Raw Silk Text- ing Bureau, Department of Recan- struction, Canton, China the following:-:

reporti

Canton Quotationa

January 21, 1936. Extra OS. 13/15 HK. $640N. Small Extra 0.8. 13/15 H.K.

$530N.

Crack N.S. 14/18 HK, 1540N. Extra Extra 20/22 HK $490N. Waste NS. Open," HK. $140N.

Tokohama · Quotations

Belgrade

Montreal

Yokohama

Helsingfors

Rio

Buenos Aires

Silver (Spot ...

Bliver (forward)

War Loan

Closing Quotations

January 23, 1938.

גן

On LONDON: -

Telegraphic Transfer.. Bank Bills, on demand 1/3 Bank Bills, months'

sight

.....1/A Credits. four months'

sight.....

Telegraphie Trapsler...

ON NEW YORK:—

19 15/16

31% 106

Bank Bills, on demand 32 1/16 Credits, 60 days' sight. 331/18

ON BATAVIA

On demand

O PAR15 in

401

Bank Bills, on demand. 488

Credits, & month's sight 3074

པ་་་་་་

ARRIVALS FROM EUROPE/SAILINGS TO SHANGHAI

88 GNEISENAU MS. TRAVE

HONGKONGSOUTH SEA ISLANDS SERVICE.

Madang, Salamat, Rabaul, etc... Feb. 11 28. BREMERHAVEN...........Rabani, Tulagi, Kavieng, etc. ..........

P

Subject to Alaration without Notion

For Passage and Freight apply to t

Mar. 11

NORDDEUTSCHEE LLOYD BREMEN

Agente:

· MELCHERS & CO.

Queen's Building, Connaught. Rd.

Telephone 26376.

CANTON AGENTS: JEBSEN & CO., Shamson B.0.

CONSIGNEE NOTICES.

NOTICE TO CONSIÚNERS. |

AMERICAN & MANCHURIAN LINE.

FROM MONTREAL, NEW YORK AND NORFOLK VIA HANILA.

2/41

ON SHANGHAI:-

ON SAIGON !---

On Demand

100%

On demand

Spot

Bourse 6 months...

New York Quotations

January 21, 1938.

Bid

January 22, 1936... Opening Yen-817 Yen. 790

ON SINGAPORE S

ON MANILA-

On demand

25

On JAPAN:---T

"On demand ................................. ON BANGKOK:-

841

11

On demand

110

ON INDIA:-

Bank, on demand. }ég

On demand SOVELLIONS. Bank Buying

Babe

1434

174:

BAR BILVER, per el comics

19 16/10

Mar.

· 1.81

May

......

July

Ask 1.811 1.81 1.81 1.80 1.80

ob-

tained through Courtesy of Amer- Ican Oriental Finance Corporation

New York Quotations are

JAPANESE VIEW OF CURRENCY REFORM IN CHINA

Workable Aspects. Of Scheme Emphasized In Tokyo

Journal: Real Benefit To The Country

FAR-SIGHTED VIEW OF POSSIBILITIES

The "Oriental Economist" of Tokyo in its December issue has the following article on the new currency scheme in China. The article is published in full but such publication must not be taken to imply that the opinions so expressed carsy in all respects the endorsement of this journal

No

wander the

الله

coun- Nanking

Sir Frederick Leth Ross put in an RESULTS OF CHANGES

under instructions All the world knows the results. I appearance,

from his government, "A drown- A wide disparity has been created

value of ing man will catch at a straw. internal between the siver in China and that in world This particular straw happens to sentres, so that the white metal be mighty Britain, of

tries. has been flowing out of China in

government made up its mind to "a flood. The outflow continues as

make the best use of his counsel through *this moment, largely

and his infuence. "It was sheer smuggling. This is in substance the difficulty which China to-day force of circumstances. If Japan is facing and which has prompted its attempted currrency reform issue. Thus it will be seen that: while both the Nanking Govern- and Br Frederick Leith ment Ross

directly accountable; under everything lies the mistaken the giver policy adopted by

American American Goverment.

on, cool

are.

Government now looks

and unconcerned, at China's dif

to bear the most blame.

was really anxious to be consulted by Nanking, why is that Japan

send did not

Sir Frederic: over before England Leith Ross

statements did? A number of

1

by authorities. if judged at their

NEW YORK STOCK EXCHANGE

(rarough meuter's Agency)

Change

QUOTATIONS

New York: January 13,

be

Last Today' High Low Close Close 4.94% 4.94% 11.46 11.40 11.40 11.43 14.89 14.59 14.01 1465

1) up

.03 up

17 up

1007, BỞI 60% 60

-

100 100 59% 604 441

tically, currency stability can accomplished without the foreign credit backing of a single pound.

STABILIZATION POINT

A question of importance is whe- ther the currency stabilization point, fixed at 1s2d. by the Nanking government, is appro- priate for maintaining China's her international equilibrium "m payments. And even granted that t is, is there not danger of a fight of capital because of a general the fixed currency undermine

lack of confidence in the Nanking government, so as ultimately

cut

New York/London Cross-cato New York Cotton-Mar New York Rubber-Mar. Chicago Wheat -May. -May. Chicago Corn Silver-Oficial

PI.

קם !

up unchanged

High-1934/36 Low: Jan. 21. Jan. 22. Change

168.44

145.99 2.49 up 43.91.

43.07 1.19 up 30.94

be up .17 up

value in the foreign exchange Amer. Can (4)

Oyanamid "B" market? The

tech- question is

(25dr.) nical and as such, it is. 2d. is found inappropriate, 1te revision Am. For Fr can be effected at any time, with-Am For. Pwr. 17 1st

breaking any fundamental dimeidty in the currency plan. Am, Locomotive .....

Ami, Radiator Such things are liable in any country when a currency reform am. Smelting

Am. T. and T. (9)..... 158† is in progress. This is the reason

Am. Tob "B" (5) ... 101 why exchange stabilization funds

Business Done:-1,150000 shares.

YARGO ex, The 8.8.

CITY OF DUNKIRK"

Fi *, }i༞ ་་:

NOTICE TO CONSIGNEES.

PENINSULAR. "AND. ORIENTAL STEAM NAVIGATION Co.'s STEAMTEUATHAY."

AIRED HONG KONG ONS 2910 JANUARY, 1996.

FROM LONDON, GIBRALTAR, MARSEILLES, MACTA PORTSAID, ADEN, COLOMBO AND STRAITS.

(ONSIGNEES · of Cargobythe formed that their Goods are being maded and placed AT THxia is in the Hong Kong and Kowloon Wharf and Godowa Company's Godaway at Kowloon where will be sorted out Mark tra-each Consignment

by Markare lawded.

Wark and Delivery can be obtained

having arrived by the Steamship EXPRESS OF CANADA", Consignees of cargo by her are informed that all goods are being landed at their risks the basardous and/or extra- sardens gedowns of the Rongkong

into and Kowloon Wharf & Godown Co Ltd., whence delivery may be obtained.

No claims will be admitted after the goods have left the godowns, and all woods remaining undelivered after 29th Jas, 1938, will be rabject to rent.

All claime against the vessel must be presented to the undersigned on or

5th Feb. 1938, before will not be recognised

or they

All broke, chafed and damaged goods must be left in the godowns, where they will be examined by the steamer's surveyor on the 29th Jan, 1936, at 10 No Fire Insurance has been effected. Billa of Lading will be countersigned by THE BANK LINE(CHINA), LTD.

Agenta. Hong Kong, 22nd fabuary, 1998.

[his]

SAMBURO-AMERIKÁ LINÍE. NOTICE TO, CONSIGNEES.

THE M.S. TSE

LEVERKUSEN

Optional Goods will be landed here anlose Instructions have been given to the contrary Six Hours before arrival of the steamer.

Goods not cleared within 8 days in- cluding date of arrival will be subject to

No

Fire Insurance will be effected by

us in any case whatever.

Damaged Packages must be left in the Godowns for examination by the Consignees, and the Company's warrayors, Megers. GooDLED & DOUGLAS, at 10 am. on Mondays and Thursdays, within the Free Storage period...

Consignees are specially notified that it is necessary for Revenue Officer to be present at the examination of damaged dutiable carg

be

All Claims again: the Stemmer must presented to the Undersigned on or before Feb. 1936, or they will not be recognized.

No One will be admitted after the Goods have left, the Godowa, MACKINNON, MACKENZIE & Co.,

Agents, Hong Kong, 23rd January, 1936-

NORDDEUTSCHER LLOYD, BREMEN.

THE Steamer

"UDER"

having arrived, from Hamburg and Ports of call, Coongues of Cargo are bereby notified that their Goods are being landed and placed at their rish into the Hong Kong and Kowloon Wharf and Godown

gocławia si Company's Kowloon, where delivery may be having arrived from BREMEN, HAM- BURG and Porta, Consignees of cargo obtained so soon sa the Goods are landed

will not be landed are hereby notified that their cargo is Optional Cargo

48 being landed at their risk into the Go- been given bere, unless Notice has

arrival, bat carried down of the Hong Kong sed Kowloon houza prior to vessel's

Kowloon from part to port to the final port of Wharf and Godown Co.,

whers

Le which the option extends.

Delivery can

are further

الله

Dow Jones. Averages

30 Industrimis

20 Bat

98.71 143.50 97.31 42.45.

90 Utilities

3163

14.48 30.38

40 Bonds

100.90

93.43 100.79

10L00

11 Commodity ludox

62.10

5246 86.79

07.01

,34 up

Stock & DIY.

就

Adams Express

Last Sale- Jan. 21 Jan. 22 114 117 129 1291

Last Sale

Block & Di,

Gold Dust (120)

Jan. 21 Jan. 22 191. 201

Goodyear

.....214 23

Am

Int. Cement

#

34+

34+

Int. Nick (80)

181

48

'81

Int. Tel

Tel

151

181

Johns Many le

Kennecott (15)) ....

291

301

201

27

Loew's (1)

514

521

25

26

Lorill (1.20)

.......... 25+

28

591

601

Mont, Ward

351

371

1591

Nat City Bk, (1)

**

362"

39 *

1001

Nat. Da P. `(1.20)... 21†

221

lace value. are far from convin- cing.

are often needed in spite of the Am. Waterworks (1) 21j

Waterworks $8 fact that on theoretical grounds Am

are superfluous. they

However, pret (6) *****

22

Nat Distillers....

281

28⭑

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

on

NY. Central

281

301

201

N. Amer. (50c. 4%) 27

277

33

Pac. Ling (3)

Packard Motor .......

422

***

23 231

Penn. Rly. (1)

.71 7# 33+

34

434

45+

Phil. Petro (1)

987*881

Pub. Ber NJ, (2.80) Radio Corpn.

398. 467" 131

483

147

Roy. Tab "B" (3) ...

971 11

100

Schenley

Sears Roebuck

58

577

80c--Fac. (BQ)

60

614

"LET HYEGONES HE

· BYEGONES”

Buch circumstances, although i

Ch. Nat. BE (1/40)... 401* CPeake Corp, (2.50) 64

and C'Peake Corp.

42 *

8m, Cal. Ed. (1.50)

15

161

65

Southern Pacific

271

201

Stan Brands (1)

251

211

Ohio 12-80) 53

Stan. Gas 541

15

164

No Invaranin ded

36)

Bta O NJ (1)

74

.71

JEBS IN

144

65

653

Ayente Becg Kong, 19th Jan, 1936.

31

344.

35+

12+

321

35+

UJD. Car, and Carb

(1.40)

73 734 Un.. Pac., Riya (6) ..... 119 Un. Aircraft Corp. 261271

1184

MERITS OF NANKING PLAN

as this is essentially a device for Anadonda Copper. 281 halding credit intact over a cer- Atch: T. and B. F.

(2sd.) tain transitionary period, i ade

through

the

Automobile 404 As has been remarked the cur-quate measures are taken, there Aubur ficulties, for which it really ought ency reform plan as announced should be no occasiont for much Baltimore & Oble

by the Nanking government cer- concern. In the case of the Nan- Bethlehem Steel .....

king government to-day, its ability Boeing Airplane tainly has many weak spots, but

and resources may prove trade- Borden Co. (1.40) that does not mean that it is a While this is true, if one stops

quate to win and maintain cen- Borg. Warner (lr)

This probably, was why | Casa fidence. to ask what made the American worthless plece of legislation, im- government adopt its al-conceived possible of realization. The scheme

be enforced throughout the Nanking government sought Canadian Pacific that cannot Ands sliver measure one

the assistance of Britain.

Caterpillar Tract America is not the only guilty all, China of course, but within country. The trouble dates as far the limited sphere of influence, of the Nanking government it can back as the World War, or more

causes be made to work, at least measur probably arose from the

Ever since. ably. The scheme as it is, de- that led to that war. the political and economic mea- ficient, but some degree of revision may have been entirely unavo'd-Chrysler (1d)....

sheer force COL Gas & Elec. sures of the powers have been "an may put it on a practical basis, able

to of blunders. at least for concentrating silver of the situation. It seems regret- Comm. Salv. (60).. unending series which America's silver measure stock in Nanking. unifying the table that Japan has felt com- Comm. 8thrn.

Sthru. has been Just another addition.note lasue privilege, and insuring pelled to take an attitude inimical Comm

into the Nanking government's credit cens: 0 (28) In this respect, none of the world stability.to.Chinese currency

standing," which needed bolstering

cum. Pl. (8) the foreign exchange market. powers can throw stones

badly.

Cons, Gas, NY (2) other.

There is the argument that the

However, et bygones be, by cont On (25) 35 rumoured Britiah, oan of some

As we have seen the 'Carn Prod (3).........NDELA gones." £10,000,000 will be too meagre a

government Britain, Douglas Airersikast 581 Can Japan plead not guilty? support for the scheme, which Nankang

of scanty America, Japan and most other Du Pont (2.60) 142 Far from 12. Japan can hardly ray collapse because

Flec. Bond & Share 16 evade her own share o respon-backing. Such a comment reveals powers are jointly responsible for sibility. Some of the Japanese a lack of knowledge of currency certain elements surrounding the lec. Bond, $5 Pf. (5). critics accuse the Nanking govern- problems on the part of its author currency reform difficulty. Ch'an's

Fox Film "A" to of failure ment

take Whether or not stablty can be currency stabilization is the most Elec. Bond $8 P! (6) 773

Gen. Elec. (80) maintained for the external value urgent of all issues demanding Japan into counsel when, a cur-

impediate attention. All tho rency reform was contemplated. of a country's currency h'nges upon However, an examination of the its position in international pay-powers, including Japan, should Gen. Foods (1.80)... 35

therefore co-operate in the soln-Gen Motor (16). ...

Ger Rly, alps (1). 44 circumstances which led to the ments happens to be in such an un- present trouble discloses the tact favourable position that the Fore'gntion this problem. that the

Nanking government value of its currency cannot be cannot be wholly blamed for ignor- maintained at a

at

an-

JAPAN'S RESPONSIBILITI

In order to make Japanese co certain level, operation feasible, wie degree of

321

སྶུཊྚེཡྻུརྞྞ1igཀྐོ ༄ ཡྻཙྪ1 ཟློ ནྟིiཚོནྡྲ「1བྱཾ །ཊྛནྣ❁ཙྩ

Pac. Gas (L-50)...... 334 ·

Ster. Pro. (2.80)

Studebaker Carpn Texas G, Salp ( Transamerica (1124) 11

401

Un. Air Line Trans. 144 151

No Claim will be admitted after the Goods have left the Godowns, and all donde remaining undelivered after the 96th Jan., 1936, will be abject to

Rent.

notified that the Steamer "ODER". has taken at HAMBURG & BREMEN through

and 8.8.

for HONG KONG 8.8.

"LAHNICK

"frous

broken, chafed, and damaged FARO and COPEN ZU

Goods are to be left in the Godowns,

All Goods remaining undelivered after be subject where the will be examined on 25th the 29th January, 1986, will Jan., 1936, at 10 am by our to Bent. Ja, fears. Goddard & Druglas No Fire Insurance will be effected by

Surveyor,

comply with the General Bonded any case whatever, Warehouse Regulations, consignees must

Damaged Packagis 13 M

must be left in the

have a Revenue Officer in attendance Godown for examination by the Cons rhea, damseed deliable goods are dees and the Company Surveyors,

Mearys, Anderson & Arbe,

amined,

All claims must reach pe before on the 38th January, 1996, the 19th Feb., 1988, or they will not be

"must have a Revenue

In attendance when damageð

will be effected.. Bill of Lading will be countersigned by Company's aurora

datiable goods are examined by the

Gooda

"Qlaira will be admitted siber and have left the Godown

{4141 claim must be brodered Within?

Weeks of the Bli Akritai Bird, after

I not be recognised. Consignees, are requeried to surrende their Bills of Läding to the Undersigned for Countersignaturi.

LIN SHA BERLIN SHARE MARKET

ide

Special to the "Hong Kong. Dally Fress" (Copyright).]

United Corp. Take

ช

71.

143

Univ. Leaf Tob (3),

441

45

174 Unt. Gas Impr, (1.20)

181

184

U.B. Rubber

17:

171

US, 'Steel,

- 484

481

Vanddium

Cabutedmemorat

221

234

301 371

Warner Bros. Picta. 101 West E. & M. (55)... 101

12

11

1061

Call Money"

1%

452

↑ possible mutilatieg ....

PIEL.

Berlin, Jan. 22. The quietness of the share- market of the last few days con- nued on Wednesday no pro nounced tendency becoming evi dent. Operators took profis caus- ing many prices to decline some what. Fixed Interest, securities

ing Japan. Talk of a currency thin no amount o foreign loans, modification will be necessary in stabilization loan for China was even billions of pounds, will sures the reform scheme as announced to Nanking from North China and ment would be willing to make, it were also dull, turn-over of anan But early in November. For instance and other districts for the time convinced that it would be truly prices being little changed Call

currency Money was at 24- bruited for some time, but Japan, to maintain that stability.

Transocean. Kuo Min. never made eny favourable re- on the other hand, if the pay it would spm advisable to res being, Buch a modification, we beneficial to China's sponses to such overtures, Theriments are balanced, even theore cind the order 2 send suver to are conndent the Nanking govern stabdikation.

„NoLED Bursonen Liors, BrumEN, Hong Kong, 22nd January, 1996,

[4149

REICHSMARK QUOTA. TIONS

Berlin, Jan 22. Reichsmarks quotations (without guarantee):

New York

4020

..609 59.285

12.29.

1.75.08: 3.1678

Dollar (high) 'whin Transocean Buo

Amsterdam Loridon Paris Etering (low) Paris Thested, chips) Dollar (low)

21