1936-05-25 — Page 13

From Hong Kong to

Europe

Voundla

J'er La

Date

TINT

Straite & avion

Manlia

seburnerst

Schncabur-t

Malta Yarmoiller, LITTL (nuck, Antwerp, B'data, Hamsung, Birgomen M'ATA.

Jaur

Dlone, Shaman, Stätterkait, Bremen, imbary

June

S'poru Penang. Belawan, Bolinh B'pore, inwaz. Cabonzle

Jon

NDL

FAR EAST EXPRESS

PASSENGER & FREIGHT SERVICE.

HONG KONG DAILY PRESS, MONDAY, MAY 25, 1936.

THE EXCHANGE

MARKET

MESSKS, ROZA BROS.

Saturday, May 23. Silver prices dropped yesterday tu the extent of 1/16 for Ready and 1/8 far Forward. the quotations being 20 for both deliveries. Advices received re- ported 'China as having sold, India bought, After the official Axing the market closed steady with business done at the Lxed rate, In America the rate WHN unchanged at 441 for Spot.

LONDON EXCHANGE RATES

Vienna Prague Bucharest Madrid

اونها اسمی به

(BEITIAR WIRELESS · SERVICE;

May 21.

May 29.

Parts

Geneva

75 31/64 15.571

75 35/64

15.401

Berlin

12.34

12.361

Athens

528 8

Milan

607

63 5/18

Shanghai

New York

Amsterdam

4.96 15/16 7.35!

4071

7.361

120

130

$6 15/32

35 7/32

Lisbon

Hong Kong

Brussels

1.39 20.381

0.13

Montevideo

39 5. 0.

いい

.A

Sharnhorst

No-kat

Sabils

branám

*

Shanghal & Joan

Sharnborit PER

Manila...

shmi, Takalaus, Kub

July

The London/New York cross- rate was higher at 497), New York/London rate was quoted

Belgrade

The

Montreal

4.93)

Yokohama

4.991 1/21

Jino

a 4.97 18/32.

Shanghai, North China & Japan South Sea Islands

hai, Yukami, Kale Shanghai. Tok Daire Y'bama, ugoya, Kölefonaka

July

Helsingfors

Thinutao,

Rio

MARKET

Jantze

Buenos Aires

Fraderie

11

Silver (Spot ......

the

Jacly

11

Silver (forward)' War Loan

20-1/14

i.

PRESIDENT LINER TRAVEL SERVICE

is Yours to Command

Preddent Linors' fraquand sailings, and thele unique stopovat privilège allow you to travol just enrolly sa you choose? And Dollar Stestchip Litem and Amglean Mall Liner worldwide amor ind wenta are maintained to were you saboje in whatever pince you chance to be. Hike your next trip more enjoyable, travaliing “The President filne way."

To SAN FRANCISCO

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

Pres. Hoover

TO SEATTLE, VICTORIA Via Shanghai, Kobe, Yokohama

and Victoria.

Canal, Havana, New York. Fres. Taft 8am. June 3rd Pres. McKinley M'night June th Aa.m. June 13th Pres. Grant M'night June 19th 8 am July 1st Pres. Jefferson M'night July 3rd & am. Jy 11th Pres. Jackson M'night July 17th Pres. Lincoln 6 am July 20th Pres. McKinley M'night July 31st

Pros. Pierce

Pres. Coolidge

MANILA.

Matang, Salamnan, Rabaal, vtu,

Bremerhaven ........ 10cmasti Tulszi, Kolenz, et,

Sujet in alteration without Notice. Fur Damage and Freight apply to:

1

NORDDEUTSCHER LLOYD BREMEN

Queen's Building.

MELCHERS & CO.

XGASTR

Telephonic 27th,

CANTON AGENTS: JEBSEN &. CO,, SILAMEEN, B.O.

THE

CHINA-SIAM

HONG KONG-BANGKOK

LINE.

HONG KONG-SWATOW-AMOY

.. "HAI LEE" leaving Hong Kong 98th May Accepting Passengers & Cargo for all the above metioned ports,

HONG KONG

SINGAPORE-PENANG-RANGOON Regular Express Service

Accepting cargo for all the above mentioned ports.

Excellent passenger accommodation available.

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

THORESEN & CO., LTD.

Tal, 30237.

General Agents.

Queen's Building.

S.S. "BENREOCH"

Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG, HULL and LEITH on or about the 9th June.

Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.

Next Sailing for SHANGHAI & JAPAN S.S. “BENVENUE” Jube 5th

ار

For Freight and Passage apply to:-

Tel. 22533

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

York Building. Agents:

THE BEN LINE STEAMERS LTD.,

DISPUTE OVER TEA MONOPOLY

NEGOTIATIONS WITH OWNERS OF EXPORT HONGS DEADLOCKED

Shanghai, May 15.

Negotiations between the Chinese

tea Longs and the tea sales and transportation centre established

by the Anhwei and Kiangsi Pro-

SINGAPORE RAW RUBBER

Latest Singapore Prices

H, B. JOSEPH & CO.

Saturday, May 23.

Messrs. H. B. Joseph & Co., rt:

vincial Government for the dis- cetved the following quotations bribution of the Keenum product from Singapore in Straits Currency have broken down. According to for Raw Rubber:

Mr. Cheng Chun-kee, director of

the centre, the deadlock was due

to a misunderstanding.

It had been agreed between the two parties that the manager of the sales department of the centre be nominated by the ten hongs. Consequently Mr. K. Y. Cheng, Dianager of the Yuan Feng Jen tea hong, was elected and appuiated As the provincial to the post. authorities and the merchichts have now failed to agree on details of 10-operation. Mr. Cheng has re- signed the post.

A total of 2,3000 boxes of Kee- mun the has beca brought here by rail. It is understood that as soon a the amount has reached 4.000, samples will be distributed among the tea export firms in Shanghai,

A meeting of foreign tea expurt merchants will be held to-day. trans- Members of the sales and portation centre have been invited to attend, ("N.C.D.N.")

E

Spot.*

-July-Sept.

Oct.-Dec.

Jan.-March Market: Steadier.

Buyers

. 251. Up i

-261: Up i

261 Up

261 Up t

BENJAMIN & POTTE

Baturday, May 23. Messia. Benjamin and Fotis'rO selved the following Straits cur (buyers) from rency quotations Bingapore to-day for Raw Rubber

Spot

251 cts. Up cts. 261.cts.

Steady during the early part of the morning but towards close the tone appeared a shade epster. A small business Was done in the Inter-Bank market.

STERLING

There were sellers after the opening at 1/3 resulting in busi- ness at 1/3 21/32 for May and June. Towards the close ofers a 1/31 were accepted for for- ward and near, finishing with sellers at 1/3 May/June and 1/3 9:16. July/December, buyers at 1/3 21/32 May/August and probably 1/3 September/December.

U.S. DOLLARS

Business was done towards the close

at 321 for June delivery. The market closed with small sellers, at 321 for near and $2 516 for forward. buyers at 32 7716

20 1/18 газ 31053

Closing Quotations

My 23, 1936.

On LONDON:-

Telegraphic Transfer... 41 BA Bank Bills, on demand 3/16 Bank Bills, months'

wight Credits. four months'

sight

ON SHANGHAI:-

On Demand

ON SINGAPORE:-

ON NEW YORK:-

Bank Bille, on demand 32 Credits, 60 days' sight. 31k ON BATAVIA:

On demand.... ..................... 47

ON PARIS:-

ON SAIGON:-

EUROPE, NEW YORK

THE MOST FREQUENT SERVICE

Via Manila, Singapore, Penang, Colombo, Bombay, Suez Cana). Naples, Ganon and Marseiller.

Next Sailing

6 p.m. May 30th

p.m. June 4th

Pros. Garfield 8 mm. June 8th Pres. Taft 6 p.m. May 26th Pres, Polk @am. June 20th Pros. McKinley Pros. Adax.s 8 m. July 4th Pres. Hoover Pres. Harrison 8 a.m. July 18th Pres. Garfield Pree. Hayes 8 m. Aug. 1st Pres. Grant

8am. June 6th

6 p.m. June 13th

MOST FREQUENT SERVICE ON THE PACIFIC

DOLLAR STEAMSHIP LINES

AMERICAN

MAIL LINE

PRODER BUILDING-HONG KONG. CANTON BLANOK :—4, SHAKER BOAD,

10!

Bank Bills, on demand 485

1/135 16

Credits, 4 mouth's sight 647)

107

Op demand

481

ON MANILA:-

342

On demand.

ON JAPAN:-

ON BANGIDE :

NOTICE TO CONSIGNEES.

On demand

100%

On demand

ON INDIA:-

SOVEREIGNS Bank Buying

Telegraphic Transfer... Bank, on demand......................... ni

Rate

144)

1/31/18

BAR SILVER, per c

On "demand

May/August and 324 September/ LONDON ASIATIC) BERLIN SHARF

Cecember.

SHANGHAI DOLLARS Quiet. There were, sellers atl 103 for cash. buyers probably at 108) for cash.

..

SHANGHAI MÄRKET

There were sellers at 1/2) for May and US Dollars at 291 for May. Quiet.

H. K. STOCK EXCHANGE

SATURDAY'S OFFICIAL QUOTATIONS

Quiet conditions prevalled morning and there are changes to report.

the

RUBBER & PRODUCE

ENCOURAGING OUTLOOK

London, May 5. The Twenty-eighth Ordinary General Meeting of the London Asiatic Rubber and Produce Com- pany, Limited. was held yesterday at 19, Fenchurch « Street, London. E.C

"Mr. H. J. Welch (the chairman) said that the company's surplus liquid assets

December On

31 amounted to £2 18s. per planted acre, and the net cost at which their 29.224 acres of planted, areas and the building machinery, and equipment stood in the balance- all sheet was only £28 6s. per planted no acre.

BUYERS

Hongkong Banks, $1565, Union Insurances. $500 ex Div. Antamoks, $2.76,

Benguet Exploration. 23 cts. Demonstration 99 cts." Northerns. 35 cts.

1. X. L.. $1.774.

Venz. Goldfelds, $4. Hotels, $42.

H. K. Land 4% Debentures 100. Yaumati Ferrtes, $19,

China Lights. (old), $104. China Lights (new), $71. Electrics, $501. Singapore Traction. 23/-. Malabons Sugars. $8.40. Constructions, (new), 30 cts. Govt. 4% Loan, 7% Prem. Govt. 31% Loan, par.,

SELLERS

Wharves, $91; Hongkong Trams, $11. Star Ferries, $80. Cements, $9).

SALES

Hongkong Banks, $150. Antamoks, $2.73/2.74. Demonstration, $1.-.

Northerns, 36 cts. United Paracale, $1.05. China Lights; (old), $10.80. Electrics, $50)..

PHILIPPINE GOLD. MINING SHARES

Saturday, May 23. Messrs. Benjamin and Potts

ceived

The trading results for 1935 of rubber companies in general were less favourable than those for the year 1934 The average London price of rubber during 1935 was below, but that obtained by this company a little above, the average for 1934 as a whole, including the early months of that year during which prices were depressed. Ex- penditure also was 'on a higer level, but they were able to effect some further economies in other direc- flone so that the net increase in the fo.b cost was just under td, per lb.

DIVIDEND OF 7 PER CENT

MARKET

BUOYANT MOOD PREVAILS

*ኝ

OCEAN STEAM BHIP CO, LTD,

A30

CHINA MUTUAL STEAM

NAVIGATION CO., LTD -

NONSIGNEES per Co.'s Vesse}--

"PATROOLUS"

FROM UNITED KINGDOM via SINGAPORE, are hereby notified that their Cargo will be

Holt's discharged into Wharf, Kowloon, where it will be at Consignees risk and subject to Terms aad Conditions of Storage at Holt' Whart. The Cargo will be ready for Delivery from Godown on and after 22nd May,

Optional Cargo will not be landed here unless Notice has been given prior to Steamer arrival, but carried on from port to port to the final port of call to which the option extends.

Hong Kong Daily Press" Special)

Berin, May 23. The firmer tendency which characterised Friday's share mar- ket continued on Saturday con-

All broken, chafed and damaged Goods trary to the usual week-end ex-

are to be left in the Gedowns, where they will be saamined, on "any Tuesdays pertence. A buoyant mood pre-

d Friday between the hours of valled, said to be due to reports of 10.45 A., and Noor within the Free further satisfactory Industrial Storage period.

balances. Fixed Interest securities

No Claims will be admitted after the were not uniform, the Reichs old Goods have left the Steamer's Godown, and all Goods, remaining undelivered liquidadon loan declining to 115

after the 20th May, will be subject. but Gold Mortgage Bonds were somewhat better. Call Money was at 1 to 1.

to Rent.

All Claims against the Steamer must be presented to the Undersigned an or before the 12th June, 1988, or they will not be recognised.

No Fire Insurance will be affected

BUTTERFIELD & SWIRL

Agents.

The money market continues to be exceedingly liquid owing to the maturity of a large number of gold discounted bills and Reichs Trea- sury Bills, most of which were re- | 22nd May, 1936. newed Nevertheless a large part of the unrenewed provides further money-seeking employment. The consequence was that the private discount rate which had recently been lowered by 1/8 to 2 7/8 is making shorter and even less at- tractive than Fixed Interest Securities

The available Long Term invest- ments and "standard shares rc- mains scarce particularly

as the reduction of capital in many com- panies which has been undertaken narrows the available investments atul further seeing that no new issues have taken place.

(4448

CONSIGNEES' NOTICE.

THE BEN LINE STEAMERS, LTD.

FROM LEITH, MIDDLESBRO', ANTWERP, LONDON AND STRAITS.

THE 8.8. "BENALDER."

MUNSIGNEES of Cargo are hereby informed that all Goods are being landed at their rink into the hazardous and/or

hazardous Godawns of the Bons and Kowloon Wharf and

Con

Ltd, whence and/o

from

In the circumstances he thought

This explains the abnormal they might congratulate them-height of the price level the share the wharves Delivery may be obtained. selves that the credit

balance

market has recently attamed so

are

Claims be admitted after the shown by the proft and loss ac- that Fixed Interest Securities as Goods have left the Godowns, and al count for 1935 stood at £55,449,

permanent investments

remaining undelivered after the be- Goods against £69,837 for 1934. The directors, were pleased to be able the shares closed, weakened some-

coming more tempting. Most of 28th May, 1938, will be subject to Bent. All Claims against the Steamer must to recommend a dividend of 7

be presented to the Undersigned on or what, weaker than at the opening, before the 11th June, 1838, or they per cent. for the year, and if the argely owing to profit taking, but will not be recognised. proposed special grant of £1,000

the trend was upward at the close. to the employees stan retirement Fixed Interest Securities

To comply with the General Bonded Warehrad Begulations, consignees must fund was approved, the amount firmer ait round, especially Gold have Berente Officer in actendance

were

when

carried forward, after transferring Mortgage Bond and Municipal examined averi datiable goods we

80,000 to taxation reserve, would Leans.-

be slightly less than that brought Transocean News Service.

in,

The company's policy of thornugn

upkeep of the estates remained

All broken, chafed and damaged Goods are to be left in the Godowns, where they will be examined on the 28th May, 1836, at 10. by Mesars. Carmichael & Clark,

No Fire Insurance has been effected. “Bills of Lading will be countersigned R. LOILEY & CO. (CHINA) LTD.

Agents.

unchanged, and the medications timated to produce their restricted in agriculal methods which it had crop. at a slightly lower cost than adopted in common with many last year, Prices of the last few other rubber growers had produced months showed Improvement and u defnite Enprovement in the the world's surplus stocks of rub-Hong Kong, 22nd May, 1836, condition of the plantations. Less her had declined and were declin- than one-half of the company's ing. :rubber

In the oldest portions there were certain comparatively small areas

was planted

before 1920.

BENEFITS OF PAST CONSERVATIVE POLICY

|

|

COMPAGNIE DES MESSAGERIES MARITIMES

CONSIGNEE NOTICE.

J

8.STANG-TSE" 7A50/36.

BRINGING CAROO FROM DUNKIEK &c.

AVED HONG KONG on SATURDAY, TH3 2320 MAY, 1926

CONSIGNEES are hereby informed

C

at their gods with the exception of Opiam, Tressure and Valuables are being landed & stored into the godowną of the Hong Kong Kowloon Wharf and Godown Co., Ltd, Kowloon, whence delivery may be obtained immediately after landing

All Claim must be sent in to me ou or before the Wednesday, 3rd June, 1936, or they will not be recognized.

Damaged Packages will be examined by the Company's Sarveyor, Meusza, Goddard & Longlas the presence of the Consignees at 3:00 a.m. on Friday, 19th May, 1936. *

Consigners must have a Revenue Officer inatt ndance when any datiable goods are examined by the Company's Surveyors.

No Fire Insurance will be effected by as in any case whatever.

B. OBL A gent Hong Kong, 23rd May, 1938.

[4434

HAMBURG-AMERIKA LINIE.

NOTICE TO CONSIGNEES.

TBE 8.8.

call

port

"OLDENBURG".

having arrived," from Hamburg and! Porta of call, Consignees of Cargo axa: hereby notified that their Goods ara being landed and placed at their riek into the Hong Kong and Kowloon Wharf and Godown Company's godowns at Kowloon, where delivery may obtained as soon as the Goods are landed

Optional Cargo will not be landed here, quiese Nonce has been given 43 hours prior to vessel's arrival, but carried on from part to

to the final

port of to which the option extends. No Claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after tha 26th May, 1938, will be subject to Real

All broken, chaled, and damaged Goods are to be left in the Godowne, where they will be examined on 25th Mar. 1936, at 10 May,

by onr Surveyors, Messrs. Goddard & Douglas

comply with the General Beaded Warehouse Begulations, consignees must | have a Revenue Officer in attendance. when damaged dutiable goods 139 examined.

All claims must reach us before the 10th June, 1986, or they will not be recognised.

No Insurance will be effested. Bills of Lading will be countersigned by

JEBBEN 00.

Agenta

(4439

[4447 Hong Kong, 19th May, 1936.

sales for 1936 of 381 tons and for | dition. He last visited the country 1937 of 120 tons. Of these 231 tons in 1929, and in the intervening

for 1938 had been sold at an aver period a great deal of history bad in which the stand of tress bad The company's permissible" ex- age price equivalent to 7.8d. per been made in the rubber the following quotations been redu.ed abnormally.

The ports. under the exportable per-lb. London landed terms, The plantation world. There bad from their Manila Aucpts the board had come to the conclusion centage fixed for this year amount-balance of 130 tone for 1936 and been B substantial reaction.

that the opportunity afforded by ed to about 7,362,500lb. Each 1d. the whole of the 120 tons for 1937 from

hiorning".

Beng. Constds, Ps. 11.90 Antamoks...

1.80

United Paracales San Mauricios

68

.76

1.10

do.

Masbates.

52

26 cte.

do.

Demonstrations

.84

Big Wedges

22

23

son

267 ctá:

do.

Itogons

July-Sept. Oct.-Dec.

Jan.-March Market:--Bteady.

the stump.. and today,

Buyers

the present compulsory restriction per lb. upon these exports was had been sold for local consump- | desplie the fact the expenses 12.20 of exports should be taken to re-equal to over 34 per cent. upon the tion without export licences at were considerably higher, they were 1.85 place the trees in these areas with issued capital, Owing to the con- varying prices below but depending, producing rubber at half the cost

67 rubber of higher-yielding types, servative policy adopted in past upon the London average prices of they were producting in 1929, "al-, .80 and arrangements had been made years, the capital was a very low each month prior to delivery. though they were then producing" 1.15 to replant 200 acres during the one relatively to the planted acre- Mr. Eric Macfadyen (vice-chair- a full crop as compared with the

53 present year.

age and was much less than the man) said that one of the pleasan- present heavily .65 There was at present every tea- cost of replacement of the estates test features of his recent visits This was due to two main causes.

to expect that the results These facts accounted for the re- to the East was his inspection of 84 for 1936 would be better latively high return for each id. this company's property, which he than those for 1935. They esper tb, profit. They had forward found in exceptionally good, con-

restricted. "one

the improvement in cultivation methods and the more economical organization of the estates.