1936-03-05 — Page 13

HAMBURG-AMERIKA LINIE

Far Eastern Mail, Passenger & Freight Serivce

Through bookings to America via Europe and Europe via America. Through hookings to London. Bookings around the world.

OUTWARD SAILINGS *m.v." RAMSES......... for Shanghai, Dairen, Kabo, Osaka,

14th Mar. Y'hams.. Nagoya m.v. "BURGENLAND" for S'hai, Dairen, Taku, Kobe,

Osaka, Yolcobama, Nagoya... 7th Mar. *.*. "NEUMARK... for Shal, Daices, Taku, Tsingtau,

Kobs, Osaka, Thama, Nagoya 1st Apr. HOMEWARD SAILINGS *. PREUSSEN". ... for M'lles, R'dam, Hamburg.. 10th Mar *m.v. "SAUERLAND “ ...for Uonon, Barcelona, A'werp..

Rotterdam. Hamburg

..28th Mar,

* v. "RAMSES" ... for Genta M'll «; R'ism. H'burg...8th Apr.

• Passenger Vessal Limited Farsonger Accommodation. For further particular and passage fares, etc, apply to:- HAMBURG-AMERIKA LINIE

JEBSEN & CO., AGENTA

1 Pedder Street, Tel., 29363.

CANTON AGENTS: CARLOWITZ & CO., Shakee Road.

VA

CHINA

JAPA

On Home leave why not visit BAT.1 & JAVA-

the Isles of Romance and Beanly.

Through fares to Europe by steamer all the way or by ateater and Aeroplane combined. Special reduced round trip fires. Through

fares to Australia and South Africa.

TO BATAVIA DIRECT S.S.TJIKEMBANG”

10th March, 11 am.

Zonder Bisko fier 19,00 am. Tender Foltco Pier 10,15 sum,

TO MANILA, MAKASSAR, BALI & SOERABAIA

TJINEGARA “

ms.

17th March, 10 a.m.

ander BlakeTera, Tender l'olice Mer 0,15 as

TO AMOY & SHANGHAI

m.s.

14

TJINEGARA "

6th March. 9 a.m. (from Taikoo Sugar Refinery Wharf). Special Round-Trip Fare 1st class Hongkong/Manila/Hongkong H.K. $125.00.

Winter Round-Trip-Cctober — March Eangkorg/Batavia/Hor & kong E.E.8276.00. For further information apply:

Holland-China Trading Co.,

Conton

HONG KONG DAILY PRESS

H. K. STOCK EXCHANGE

YESTERDAY'S OFFICIAL - QUOTATIONS

The market reacted yesterday. as predicted and although slightly higher prices are offered for. A great number of stacks, shares are hard to obtain.

BUYERS

Union Insurances, $550. China Underwriters, $1.05. Balatoes, $214,

Benguet Exploration. 14 cts. Raubs, $11.33

Providents, Cold), $1.35. Hotels, $4.10.

China Lights (old). $10.65. Electrics, $72).

Telephones fold), $25).

Telephones (new), $9.

Cements, $8,

H. Ropes, $41.

Govt. 4% Loan, 4% Premi

A

. SELLERS

Humphreys, $9.70.

Star Ferries, $87.

SALES

Hong Kong Banks, $1555. Antamoks, $2/1.08.

Benguet Exploration, 15 cts, Gold Rivers, 7 cts.

Venz, Coldfelds. $34. Providents (old), $1.35/1.30. Hotels, $4.

H.K, Lands, $324.

H.K. Trams, $11.10,

China Lights (old), $10.90/10.80. Electrics, $72.

Telephones (ofd), $25.65. Telephones (new), $8. HK. Ropes. $4.

Dairy Farms, $22.

THE EXCHANGE

MARKET

MESSRS. ROZA BROS.

was re-

A further drop of 3/8 corded in London yesterday for both deliveries, the quotations be-

ng 1/8 for Ready and 19 for For. aard. Silver advices reported China and speculators, as having | sold. Indla bought at the lower

H. Nolasco da Silver, Esq., Macao level. After the official fixing the JAVA-CHINA-JAPAN LINE market was steady with, sma bay- York Building

ers at fixed rates. In America the rate was unchanged at 441 for Spot.

MODERN

Tel, $8013.

LIJN EXPRESS SERVICE

BRITISH TRADE IN S. CHINA

The Forthcoming Fair at Hong-Kong

ኔነ

BERLIN SHARF MARKET

The London/New York cross- rate was slightly lower at 4.991. The New York/London rate drop-

ped 1/4 to 4.994.

MARKET

THURSDAY, MARCH 5, 1936.

LONDON EXCHANGE RATES

Paris

Geneva

Berlin

Athens

Milan Shanghal New York Amsterdani

Vienna Prague

Bucharest

(Barris WIRELESS SERVICE)

March 2 74 45/84

15.10 ..12.27)

March 3

74 55/64 15,113- .12.28

+ 99 7/18

62 3/16 1/24 4.99 5/16 7.26

13

To SEATTLE, VICTORIA

Closing Quotations

March 1936.

ON NEW Yox:-

Bank Bills, on demand 32 Credits, 60 days' sight. 39

PRESIDENT LINER TRAVEL SERVICE

is Yours to Command

Freistadt Liners frequent satings and thele volque stopover privileges allow you to sparel just taotly as you choose, And Dollar Slagship Lines anda meilean. Hall Line worldwhio omowe and agents seo melutained to a pve you share in whatever place yog ahance to be. Make your next trip more enjoyable, travelling “The Fresident Lłe way."

To SAN FRANCISCO

Via Shanghai, Kobe, Yokohama. Vis Shanghai, Kobe, Yokohama Honolulu, San Francisco, Panama,

"and Victoria.

Canal, Havana, New York Pros Pierce Midnight Mar. 10th Pres. Coolidge Noon Mar. 31st Pres. Lincoln Midnight Apr. 7th Pres, Hoover Noon Apr. 18th

EUROPE, NEW YORK

Via Manila, Singapore, Penang, Colombo Bombay, Suez Canal Naples, Genoa and Marseilles. Pros. Adama

Pres. Jefferson M'night Mar. 13th Pics. Jackson M'night Mar. 27th Pres. McKinley M'night Apr, 10th Pres, Grant

M'night Apr. 24th

MANILA

THE MOST FREQUENT SERVICE

Next Sailinga 8. Mar. 14th Pres. Jefferson 6 p.m. Mar. 7th Pres. Harrison 6 am. Mar. 28th Pros. Coolidge & pm. "Mar. 12th Pres. Hayes 8am. Apr. 11th Pres, & dama 8 a.m. Mar. 14th Pres. Wilson 8 am Apr. 28th Prea. Jackson

MORE FREQUENT SERTION ON THE PACIFIC

Mar. 21st

DOLLAR STEAMSHIP LINES

AMERICAN

MAIL LINE

FEDDER BUILDING— HONG KONG.

CANTON BRANCH :—4, #BAKER ROAD,

4.99

4.991

1/1 31/32

1/2 1/64"

Madrid

Lisbon

Hong Long

Brussels

29.27

29.20

Montevideo

Belgrade

Montreal

Yokohama

Helsingfors

Rio

Buenos Aires

Silver (Spot

19

Silver (forward) ......

102

191 16

J 1061

33% 108 15/18

War Loan

On LONDON:

Telegraphic Transfer.. Bank Bills, on demand 1.3 Bank Bills. 4 months'

sight

ON BATAYTA

On demand

488

******** 1/39

OK PARIS :-

Credits. four months'

Bank Bills, on demand 489

sight

1/1

Credits, 4 month's sight 507

ON SHANGHAI:-

ON SAIGON

On Demand

1064

On demand

ON SINGAPORE: ---

ON MANILA:--

58

On, demand

ON BANGKOK : ---

· 1109 ·

On demand

Ou demand

On JAPAN (1-

On demand

ON INDIA

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

SILVER

A DISORGANIZED MARKET

Record Dealings

London, Feb. 4. The year was an altogether ex- ceptional period in the London silver market. Dealings were on

BOVEREIGNS Bank Buying

Bate

48

8.

1434

1/4

BAR SILVER, per os... 104

REICHSMARK QUQTA- TIONS

[Speela; to the "Hong Kong Dalir Press (opyright.))

Berlin, March 3.

The Reich.inark without guarantee at:

Was

New York Paris

Amsterdam

London

S.S. "BENMACDHUI”

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

Cargo will also be accepted on through Bill of Lading to the usual transhipment port's.

$.S.

quoted

40.70

603.5

Tel. 22533

58.17

12.275

Paris quoted the Pound Sterling at 74.72 to 74.75 and the 13.8.A. Dollar at 14.98.1/8 to 14.96.3/8-

Transocean News Service.

far larger scale than ever before recorded and the range of prices was exceptionally wide. The high- Opened with Indications of easiest price, 361d, per oz. which was ness but subsequently steadied up reached in April, had not been In 1934 the slightly. Towards the close the touched since 1922. market again eased off for forward highest price was 254d. This rise PHILIPPINE GOLD MINING

delivery but the near rate was steady.

STERLING

was attributable

SHARES

Wednesday, Mar. 14. Messrs. Benjamin & Potts re- ceived the following buying and selling quotations from their Mant-

Agents this morning:-

of 44 per cent. to the continuance during the greater part of the year of the Business was done shortly after United States Government's sliver the opening at 1/3 11/16 for March buying policy, which had been August, 1934, followed by transactions at 1/3 actively begún in for May/June and July. Later This policy. it may be recalled, offers at 1/3 11/16 were accepted envisaged an increase in the silver for April and May delivery. The holding of the United States until market closed a shade easier with 25 per cent. of the monetary stocks sellers at 1/3 11/18 March, 1/31 were held in that form, the re- April/May and 1/3 9/16 June/July, maining 75 per cent. to be held in [Specia, to the "Hong Kong Daily! buyers at 1/18 higher respectively.

US. DOLLARS

U. S. BUYING Press (opyright.)]-

Business was done at 32 11/16

With the United States Treasury Berlin, March 3. for March delivery and towards ready buyer of a the silver The exceedingly favourable re- the close 32 was also arranged offered at steadily rising prices age price for the year was ports from the Leipzig Fair falled for Apri, finishing with sellers at speculators not unnaturally re- to give a stimulus to the Share 324 March. 32 9/18 April and prob-garded the situation

per oz, against 21 7/32d. in 1934. market, because of the apprehen-ably May, buyers at 1/16 higher which the purchase of silver could MANAGED CURRENCY IN CHINA aion of the possible outcome of respectively. the negotiations in Geneva.

Call money stood at 21%, Young

London, Feb. 11. Mrs. Beatrice Thompson, the managing director of the firm which is organising the British Empire and China Trade Fair, to be held in Hong Kong in Decem- ber, is at present in Manchester | Loan, 102.7/8 on Monday was un-Spot.. endeavouring to interest mand quoted, Reichsbank were down facturers in the fair and in the to 186.§. Salzdetfurth Potash was trade potentiallies of South | unquoted, United Stellworks were Chinn.

down i to 84.1/8, German Mineral The fair has the support of the Ols rose to 170.4. Bemberg

Fransocean News Service.

SHANGHAI MARKET

Opened with sellers at 1/2 13/32 and then dropped to 1/21. The market closed & shade higher at 1/2 13/32 for Spot. U.S. Dollars opened with sellers at 30 and c'05 ed at 20 15/16 for Spot.

EXCHEQUER RETURNS

gold.

45 опе in

Beng. Consols, 11.80 b. Antamoks 1.20 b. San Mauricos .58 b. D. Paracales .251b.

Pesos

11.90. 5. 1.25 8. .60 5. .20 s.

294.

The currency difficulties effcoun-

huge tered by the Chinese Government

Next Sailing for SHANGHAI & JAPAN.

"BENNEVIS" March 13th

For Freight and Passage apply to :-

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

York Building.

Ågente:

THE BEN LINE STEAMERS LTD.,

CONSIGNEE NOTICES.

CONSIGNEES NOTICE.

HAMBURG AMERIKA LINIE.

NOTICE TO CONSIGNEES.

HE M.V.

THE

"SAUERLAND"

having arrived, from Hamburg and Forts of call, Consignees of Cargo are

THE BEN LINE STEAMERS, LTD. hereby notified that their Goods are

1.

FROM LEITH MIDDLESBRO, ANTWERP, LONDON

AND STRAITS.

THE S.S. "BENRINNES "..

YONSIGNEES of Cargo are barab) informed that all Goods are being landed at their risk into the hazardous and/or extra hazardous Godowns of the Hong Kong and Kowloon Wharf and Godown Co., Ltd., whence and/or from tba wharves Delivery may be obtained. No Claims will be admitted after the Goods have left the Godowns, and all 11th Mar., 1038; will be rabjeet to Kent. Goods remaining andelivered after the All Claims against the Steamer must be, presented to the Undersigned on or before the 25th March, 1936, or they will not be recognize

To comply with the General Bonded have a Herenne Officer in attendance Warehouse Regulations, consignees must when damsel dutiable goods, we examined

being landed and placed at their risk into the Hong Kong Kowloon Wharf & Godown Company's godowns at Kowloon. where delivery may be obtained as soon as the Goods are landed.

Optional Cargo will not be landed here, unless Notice has been gives 18 hours prior to Vessel's arrival, bat carried on from port to porto the final port of call to which the option extends,

No Claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the 5th March, 1936, will he subject to Rent.

All broken, chafed and damaged Goods are to be left in the Godowns, where

they will be examined on 4th March 1936, at 10 mm,, by our Surveyore, - Messrs. Goddard & Dongine.

To comply with the Gmersi Bonded Warehouse Regulations co signees must have a Revenue Officer in attendanc when dama e datjable goods are examined.

All Claima must reach us before the

27th March, 1936, or they will not be recognized.

No Insurance will be effected. Bills of Lading will be countersigned ny

JEBBEN & CO.. Agents.

only yield one result-namely, а SHANGHAI DOLLARS

profit. In consequence, a Sellers were quoted at 1082 for speculative position was hullt up.

as a consequence of the rise in the much of which was on Indian ac-

price count, America continued to buy that on November

of silver became so acute steadily during the early months nounced that China would aban- 4 it wag.an- of the year. China as in 1934, don the silver standard and set being the chief seller. Reports of an intensification of American buying stocks in the country to be na- UJ a managed currency, silver

All broken, ahated and damaged Goods policy led to a fresh outburst of spe- tionalized and an

are to be left in the Godowns, where Hoax Kong, 27th Feb., 1938. culative purchases in April. There-currency note issued to replace the Varch 1938, at 9 an. by Messa inconvertible they will be examined on the 9th after the pursuit of America's the sliver dollar,

On December 5 Carmichael & Clark. silver policy appeared to alacken the Hong Kong Government a'su

No Fire Inenranse has been affected. in intensity. The price developed abandoned the sliver standard. At

Bills of Leding will be countersigned an easler tendency and this ren-

by the end of the year the United W. R. LOXLEY & CO. (CHINA) LTD. dered "bulls" nervous, with

the States Treasury was apparently

Agents. desirous of buying direct from

Hong Kong, 3rd March, 19' 8- (4250 Governments rather than in the

The

London, Mar. 3,

show Exchequer returns

ed to exhibit. An influential com- classines. Japan had not yet that the expenditure for week was la the end were abɛorbed by the open market.

mittee sponsoring the fair in Eng-; taken up these lines, and even if land has Lord Derby for its patron she did try to "get in" on his and includes Lord Elgin, Lord class textiles she would not meet Leverhulme, Bir Francia Good with any measure of success with enough, Sir Malcolm Robertson. the wealthy and educated classes and General Sir

George Mas- of Bouth China, who would not donogh.

buy Japanese if they could help Yesterday Mrs. Thompson, who it.

£667,688,537. The estimated

re-

purched

FURTHER FALL IN SILVER,

PRINCE LINE,

NOTICE TO CONSIGNEES

(4240

FIÓK NEW YORK AND LOS ANGELES

Motor Vessel

THE JAVANESE PRINCE”

baring arrived from the s ove Ports on 2nd instant, Consignees of Cargo are bereby informed that their Goods are being landed at their risk into the Go- downs of the Pong Kong »nd Kowloon Wharf and Godown Company, Limited, Kowloor, and stored at Consignees risk and expense.

Hong Kong Government, which Rayon were unchanged at 03.1.- has granted, rent free, the use of a piece of land half the size of the main hall of Olympia for 'three years and a cash subsidy sentative the opportunities pro- towards expenses. Bections at the vided by Bouth China to Mauches- fair have already been taken by ter trade, admitted that Marches- British Industries House and by ¡ ter had definitely lust this market

that apart from the safbalancing result that in July and azali in Australia and Canada, and sixteen ¦ for cheap grade textiles; but had

enormous sales of silver British firms have already decid-certainly not lost it for her high-items, £23,923,253 was received in-August

to the exchequer last week, and were made by speculators, which

America is estimated to have year ends on March 31, and the declines in price. A climax was £19,850,743. The current financial US Treasury, though at succesive

in 1935 about 300,000,- total ordinary revenue to date is reached on December 9, when with 000oz. th London and about 80,000- out warning, there was a complete 0000ż. from other sources. In 1934 venue for the full year is £743,-withdrawal of American support America's purchases in the London $70,000, so that the budgetary posat the fixing. The price dropped market were about 86,000,000 z

London, Mar. 3. ́..

All broken, oha led, and damaged Goode tion must be regarded as satisfac-sharply, and for some days. in One outcome of the exceptional

aro to be left in the Godowo, where fact it was impossible to fix a dealings was the virtual disappear- To-day's further fall of silver of they will be examined on Monday, is making a tour of the country, As an indication of the possibi had an interview with representa-lities of the South China market to date is £672,240,531, against an

The total ordinary expenditure price.

ance of the enormous speculative is partly attributed to disappoint- | Pth "az, 1938, at 10a.m. For the remaining weeks of the position in stiver existing in the ment that the Indian budget pro- All Clasms must be presented within tives of the Manchester Chamber she said that of a population of estimate for the full year, of year the market was in a disor-earlier months, while the great vides no reduction of silver duty. 15 Days of the vessel's arrival hera of Commerce, to whom she has 1 100,000,000 not less than 10,000,- £754,577,000. The Income Tax ganized condition. America took purchases on behalf of the United Cessation of the "marriage season after which date they cannot be re

cognized suggested that Manchester manu-000 were potential buyers of the which is the largest individual item small amounts from time to time. States Treasury resulted in a is contributing to curtallment of No Claims will be admitted after the facturers should take a combined sort of high-class goods Lanca-

in the Toudon the demand, the present smaliness Goods have left the Godowne, and all of inland revenue, now amounts to and as, until the price dropped to beavy reduction stand at the fair to show branded shire could provide. It was not 01.468,000 against an estimate about 214., the was the only buyer slacks. Exports of liver from this or which, "rather than pressure' to Goods remaining undelivered after the highgrade textiles, silk stockings. only a question of what Manches-for the full year of £232,500,000, scllers had to be rationed. Ul-country in 1935 were valued at the sell, is held to be chiefly responsible 10th Mar., 1938, will be subirot to machinery, perfumery, · patent ¦ ter 'could sell from fier stand.

of £54,911,000, for the downward trend. At the Bent. The amount of estate duties, coltimately, however, Indian buring enormous total foods and patent medicines, and The fair would give her trade re-lected at £79,960.000, is already was attracted at the lower level for 1934. Of this amount the bulk same time bullion brokers deplore other commodities manufactured presentatives the opportunity of within £40,000 of the estimate, and the market was able to revert-namely, £62,351,000-was shipp- the waning interest. from India In In the area.

seeing the new, China of 1936 at Customs and excise receipts to to more normal conditions, though ed to America. Inports increased view of the fact that Indian de- HIUM-CLASS TEXTILES

first hand and meeting Chinese date total £278,775,000 against an business was extremely small No from £22,137,000 to £40,426,000, mand has come to be regarded as Mrs. Thompson, describing to a leaders and arranging future deal-estimate of £294,920,000.-

forward price, could be fixed from} much of the increase conslating the market's sheet anchor Manchester Guardian" repre- ings on a basis of mutual benefit. British Wireless.

December 9 onwards, The aver of siver smuggled out of Chinar Reuter.

Lory.

by

No Fire Insuranos Fas been affected, Bills of Lading will be countersigned

thaman FURNESS (FAR EAST), LTD.

2nd Floor, Hongkong & Phanghai Bank Failding. Ka Dais 92165 & 23160,"

Hong Kong 2nd Mar., 1926.

[2445