1936-11-04 — Page 13

NDL

FAR EAST EXPRESS

PASSENGER & FREIGHT SERVICE.

Daint

Frum Hong Kong to i Europe

Fin

Parts

Certeld

Karlos, Ugan, Actwerp, Botteriana, Hambarg, Bremen

Nov.

P

Gelaz

Straits & Caylon

Confid

Mara, Barcelona, Paixa D. M., B'hampton, Batterian, Bremen, Hamburg............ Slaapore, Columbo (..........

NOT.

D

Cinesta Lifeisen

S'pore Penang. Belawan, Coloanba. Manila

Fay. Nor, 30

Shanghai & Japan! Bebarmherst

B'kul, Yokohama, Kebo

Dec,

Shanghai, North

Nozar

Shachal

China & Japan

South Sea Islands

Berent.....

Deirra. Taku, Telugt hama Nagoya, Kode, Omka

Kahani, Tolagi, Kleta & Kavieng, sta,.

Nor.

Nav.

Manila

Subject to Alteration without Votion,

For Passage and Freight apply to

NORDDEUTSCHER LLOYD BREMEN

Queen's Building.

MELCHERS & CO.

AGENTW

"

Telephone $779.

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

S.S. "BENRINNES"

Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG and LEITH on or about the 7th November.

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

Next Sailing for SHANGHAI & JAPAN S.S. "BENARTY 8th Nov.

19

For Freight and Passage apply to:-

Tel 22533

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

York Building.

Agenta:

THE BEN LINE STEAMERS, LTD.

BURNS PHILP LINE M.V. “NEPTUNA” Due 11th Nov.

"

HONG KONG DAILY PRESS, WEDNESDAY, NOVEMBER 4, 1936.

LONDON EXCHANGE RATES

MALAYALAM

PLANTATIONS!

(British Wireless Service)

October 31.

November 3.

Paris

105 11/64

105 9/64

Tea And Rubber Position

Geneva Berlin

21.273

21.271

12.15

12.16+

Athena

650

Milan

921

921

Shangbai

1/2

New York

4.881

4.88%

Amsterdum

0.03

9.04

Vienna

201

138 3/16--

670 S.

nominal

The Afteenth ordinary generab meeting of Malayalam Plantations. Ltd., was held recently in London.

BA-

Mr. H. J. Welch (the, chairman) said that the total net cost of the properties appeared in the ba- lance-sheet at £1.858,961, and the buildings and machinery at £1. After paying the final dividend. making other appropriations, in- cluding £20,000 to reserve count and 35,500 to taxation re- serve the net surplus assets stood H at £270,000, or £6 14s. 9d per planted acre. The net cost of the planted arcas, bulldings, &c. was 17 less than £39 për acre: £28.973 had been written of buildings ac- count, and the balance of profit transferred was £174,689. The 'final dividend proposed was 51 per cent. making 8 per cent for the year.

R

The Company owned 32 square miles of planted tea and 28 square miles of planted rubber, nearly all of which was in bearing. The res- tricted tea crop amounted to 9,821,- 5421b., only 60.2 per cent of the basic assessment being permitted for export. The rubber crop was 5,714,9321b. The average net price obtained for tea was 9.87d, per pound, and although it was id. better than last year it compared unfavourably with the average of 13.444. for the eight years 1922 to 1929. Including that sold for local consumption at low prices, the rubber was produced at an In- creased cost of about one-third pence per pound and realised 5.634. per pound net. or 6.32d; London equivalent.

The Company had erected a mo- dern factory on its Lockhart estate which produced high-grown. "tea, The cost was being written off out of revenue. Capital expenditure for the current year was estimat- ed at £8,000 and crops at 9,500,- 000lb. of tea and 5,728,000lb, of rubber. both at slightly higher cost.

Prices realised to date for the crops were better than last year. Each penny per pound pro- fit on the tea would equal nearly £40,000, or 2.18 per cent upon the capital, and each penny per pound on rubber. nearly £24,000, de 1.32 per cent.

THE TEA INDUSTRY Except in the case of Ceylon, the average prices.cr tea this year had been higher than last, but prices generally were at a very low level, and medium, good me- dium, and fine teas realised much smaller premium over com- mon teas than, generally prevailed before the depression. Between, the commencement of the regula- tion scheme and July last stocks of tea in bond in the United Kingdom had been reduced by 48,500,000lb. and they were expected to fall to normal by next July.

Prague Bucharest Madrid Lisbon

Hong Kong

Brüssel

Montevideo

Belgrade Montreal

Yokohama Helsingfors

'Rio

Buenos Aires Silver (Spot

Bilver (forwarTS) ...... War Loan

Or SHANGHAI:—

On Demand

110 3/18 1/2-29/32

28.9++

28.08

397 S.

214

4.68

4.88 15/18

1/2 1/32.

2231

4 S.

unquoted

20 1/16.

3107 1061.

Closing Quotations

November 3, 1936.

ON NEW YORK:-

13

DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE Sailings

To SAN FRANCISCO

Via Shangbai, "Kobe, Tokobam A, Honolulu, San Francisco, Panam

Canal, Havana, How York. Pres. Lincoln M'night Nov. 17th Fres. Hoover Pres. Cleveland Prva, Coolidge Prea, Taft

Noon Nov. 18th 'night Doo. 13th 10 am. Dec. 25th 'night Jan. 18th

EUROPE, NEW YORK

Via Manila, Singapore, Penang, Colombo, Bombay, Suez Canal, Naples, Genos and Marentiles.

TO SEATTLE, VICTORIA

Via Shanghal. Kobo. Yokohama and Victoria.

Pres. Jackson M'night Nov. 6th Prom McKinley M'night Nov.20th Pres. Grant M'night Dec. 4th Prea. Jefferson. M'night Dec. 18th Pres. Jackson M'night Jan. 1st

MANILA

THE MOST FREQUENT SERVICE

Next Sailings

Pres. Harrison 8 am, Nov. 7th Pros. Harrison

9am. Nov. 21st | Prea. Lincoln

Prés. Hayes.

20

20 1/16

34% 106 7/18

Fres. Wilson

Free. Monroe

Bank Billa, on demand 30

80

8 am. Dec. 6th | Pres. McKinley 8am. Dea. 19th Pres. Hoover Pres. Van Buren 8 am. Jan. 2nd Pres. Hayes

8am. Nov. 7th

8 p.m. Nov. luth

6 pm. Nov. 14th

7 p.m. Nov. 19th

8 a.m. Nov. 21st

MOST FREQUENT SERVICE ON THE PACIFIO

Credita, o days sight. 30 1/1 DOLLAR STEAMSHIP. LINES

ON BATAVIA:-

On demand............... B5j

Bank Bills, on demand 648

On

LowDON

群,

Baak Bills, on demand Credits. four months'

sight

Telegraphic Trapster... 11/9

13/16

ON PARIB:-

1/3

Credits, month's sight 875

109

OX SAIGON

Os demand

81)

..... 52 9, 18

US MANILA: ---

on demand

OS BANGXOX:

1054.

On domand

1801

SOVEREIGNS Bank Buying

Bate

1/3 1/18 RA

Ox SINGAPORE!-

On demand On JAPAN:-

O

www.g

On demand INDIA:- Telegraphic Transfer...

Bank, on demand. 818 |

BAR SILVER, per c

NEW YORK STOCK EXCHANGE

(Through Renter's Service)

QUOTATIONS

New York: November 3.

New York/London Cross rate New York Cotton--Dec. New York Bubber-Dec. Chicago Wheat -Dec. Chicago Corn-Des. · Silver-Official

· 20 · Railt

40 Bonds

Last Today'1 High Low Close Close Change

488-31/32 4,88-31/32 unchanged 11.64 11.57 11.63 11.63 unchanged 17.14 17.07 17.19 17.13b .01 up

114 113 114 114

off 9+1

unchanged unchanged

942 943

ગાં

Geoff 18 up

Last Sale Oct 31 Nov, 2

188 FIEC 7.58777778877 98,EIN

A

*AMERICAN • MAIL • LINE *

FEDDAR BUILDING— KENG KONG,

CAFTON BRANCH ;-2), FRANCE CONCESSION, SHAMEIN.

HAMBURG-AMERIKA LINE.

NOTICE TO CONSIGNEES.

THE SS..

THE "OLDENBURG.

baving arrived from Hamburg and Porta of call, Consignees of Cargo are hereby notified that their Goods are 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 5000

is the Gooda are landed.

Optional Cargo will not be landed here, unless Notice has been given 18 hours prior to Vessel's arrival, but carried on from port to port to the final port of call to which the option extende.

No Claims will be admitted after the Goods have left the Godowas, and all Goods remaining undelivered after the 7th Nov., 1938, will be subjeat. to Rent.

All broken, chafed and damaged Goods ¦ are to be left in the Godowns, where they will be examined on 6th Nov.. 1:35, at 10 am, by our Surveyor, Mesars. Goddard & Douglas,

To comply with the General Bonded Warehouse Kegulations coraignees must Ave & Retenne Officer in attendance when

damaged dutiable goods are examined.

All Olsima must reach us before the 30th Nov, 1936, or they will not be recognized.

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

JEBBEN CO., Agents.

Hoa Kerg, lat Nov., 1098

4788

OCEAN STEAM SHIP CO, LTD.

AND

OBINA MUTUAL STEAM NAVIGATION CO., LTD.

JONSIGNEES par Co.'s Younel

"MENTOR"

FROM UNITED KINGDOM. ABINGAPORE, are hereby notified that their Cargo

be discharged into Holt' Wharf, Kowloon, where it will lie at Consignees risk and subject to Terma and Conditions of Storage at Holt's Wharf. The Cargo will be ready for

down on

after Optional Cargo will not be landed here unless Notios has been given prior to Steamer's arrival, but carried on from port

to port to the final port of call to which the option extends,

from

44)

5

1936

Dow Jones Averager

30 Indentrials

20 Utilities

11 Commodity Index 68.37

High Low Oct. 31. 178.44 143.11 177.39 60.46 40.86 58.00 30.08 28.23 36.08. 106.57 98.92 105.17 63.58 67.47

Nov. 2. High Low Close Change 171.74 176.35 176.87

2 of 58.51 57.78 52.16

51 off 36.00 36.10 38,90 .88 off

108.11 07.03 Business Done: -1,600,000 shares.

Last Sale

Stocks Adams Express Amer. Can

Oct. 31 Nov, 2

Stocks

14

141

✪ Western Sugar

351

36

1241

125

Humble Onl

66

66

a

Amer. Cyahamid 'B' 361 Am. & For. Power Am. & Fer. P. $7 pt 481 Am. Light & Trac. 351 Amer. Locomotive... 221 Amer. Radiator ...... 32. Amer. Rolling Mill... 937 Amer. Smelting

351

Int. Harvester Co.

7

67

Int: Nickel

611

627

461

Int. Tel. & Tel.

124 121

341-

Kennecott

591 597

212

Loew's Inc.

2

571 571

4

313

Corlilard

***

233

221

941

McKesson & Rob-

544

543

bins Inc.

44* .441*

41

The preferential tea duty in this country

continued, in his opinion, to be injurious to the in- terests of Empire producers. Not only were India and Ceylan 'teas Baltimore & Ohio... being displaced in out-markets by Bethlehem Steel' non-Empire teas, but this brought Boeing Airplane Co. relatively larger supplies of E-Borden Co. ...... pire teas to the British market | Bilya Manhattan and consequently depressed their Trans Corpn. ..... price. There was a danger of the Bklyn Manhattan displacement of Empire teas in

16 cum. pr. noun. 1041* 1042 foreign markets becoming per- | Case, J. I. ...... manent. It might reasonably be Canadian Pac. Rly. 13 expected that tea prices would be Chase Nat. Bk. at least maintained at their pre- Chesapeake Corpn. 99 sent levels during the regulation Chesapeake & Ohio 761 of exports scheme, which, it was Chrysler thought, would be renewed upon Columbia Gas & E. 191 its expiration in 1938. The cam-C. G. & E. 6% 'A' pr. 1031* paign for increased consumption | Commercial Credit was being continued.

Am. Sugar Redoing 1803 Amer. Tel, & Tel,... "Amer. Tobacco 'B'... Amer. Waterworks... Anaconda Copper ... Atchison, T. & S. Fe. Atlas Corpn. Auburn

170

097

100

Monsanto Chemical Montgomery Ward...

944 84

NOTICE TO CONSIGNEES

577

271

284

Nat, City Bk.

25+ 251

473

.491

781

771.

Nat, Dairy Prods.... 281 Nat, Distillers

281

121 121

314

31

Nat. Power & Light

454

451

15

15

New York Central...

337 32+

331

33

North American

283

281

23

223

Northern Pacifc

391 38

721

724 201 261 277 271

Pacific Gas & Elec.

531 53

56

554

Pacific Lighting...... Packard Motor Paramount Picture

Inzer.

124 121. 17

161

421

431

will

Pennsylvania R. R. 441 Pure Oil Co

48

451

47

1611

1582 134

Phillips Petroleum 18

172

Pub. Service of N.J. 11 103

Radio Corpn....... 24 231

973

Radio Corpn. "B" 2

762

$5 01

-128

1281

Reynolds Tob "B"...

572

58

191

Schenley

407

40

105.

Schenley 5% pl.... 98.

ht

711

714

Bears Roebuck

081 97

THE RUBBER INDUSTRY

Coml. Solvents....... Comm. & Southein

(ord.)

161 16)

Bocony-Vacuum

167 181

Star. Cal Edison 314

31

41

#4

Sthra. Pacific

451

451

The remarkable increase in the Comm, & Southern. world's absorption of rubber, tem- porarily interrupted between 1929 Consold. Cas of N.Y. 477 and 1932, was continuing and sur-Consolia. Oil plus stock were being rapidly re-Continental Off duced. The depreciation of gold Corn. Products ... currencies should prove favour-Curtiss Wright “A able to the Industry. Between Curtiss Wright (C) 181 1925 and 1935 the world absorp Delaware & Hudson 491 tion of crude rubber' was nearly Diners Corp¤. Bea-' doubled. The United States-ab-

......................

Stand, Branda

171

174

ford, $8.cum pf.

752

721

Stand. Gaa Y Elec

U TI

71

461

Stand. Oll of N.J...... *684

80

131

131

| Sterling Prods....... 751*

75+

36

361

701

701

Swift International 31 Technicolor

221

317 *22*

18+

Texas Gulf Sulphur 39 Transamerica'

142

492

Extra Mania closing quotations Ögures kindly supplied by Messrs. Ellis & Edgar.

Hong Kong, Nov. 3.

A.III."

p.m.

Agnor Consol. Consol. Minea East Mindanao Equitable

231

The report was unanimously adopted.

sorption increased 30 per cent and Douglas Aircraft. that of other countries 200 per Da Font de Nemours 174 cent. Countries In the Far East Electric Boat were taking much more and should Kec. Band & Share 23' continue to provide an expanding lec. Bond & Shan market.

$5 pt. ec. Bond & Share

22

221

20th Cerit. For Film.

comm. 20th Cent. For Flim

321

32

And Nov., 1988.

724

711

pr.

41

401

173

Un Carbide & Oar-

131

131

221

bon nivu 1004 Ün. Pacific:

091

143 141:

Un. Aurcraft (New)

234- +231

74

721

Un. Airline Trans.....

144

137

Un Corpsene

81

78

231

223

Un. Corpn." # cum,

...

.951

Elec. Power & Light (157

15

pt:

404

454

.394

Tlatrate 0.

361

36*

Un Gas Improve-

.18

Marimen

138.00 137.00

Gen."Cigar

514

52

mentalno (16)

18

Gold Creek

.32+

33

32

Gen. Electric

49.

19

U. 8. Indna Alcohol de

301

Buyers

Ipo Gold

27+

1.55 1,55

Cien. Foods..

414

411

US. Rubber kitko. 37

301

Spot

287 unchanged Mineral Resources. Jan.-Mar, ......... 20% unchanged Mother Lode. April-June ni 291 unchanged i Paracale Gold Nov.-Dec. 20 unchanged i Salacot Market-Appreciable decline: Sta Rosa unlikely

Universal Expl

.67

.30

.50

| Gẹn. Motors mustia

729

43

D. B. Steed.......

701

751

.24

.16

Gen. Rly Signal.....

41. 42

Vanadium

221

.46

Syndicate Invest

334

131 Gald Dust.............

131

4081

Development Inc. .50

Goodrich Tyre Co, .. 251

137 25

Warner Bros. Picts. 142

Westinghouag.

221 141 146 1431

-.084 1008 Tinago

24

281

Call 16ch

1

451 .454

421

Bid

Return: £76.

PASSENGER & FREIGHT SERVICE TO`

AUSTRALIA

Sailing 14th NOV.

for Saigon, Manila, Sandakan, Salamaua," Rabaul, Sydney & Melbourne.

First Class Fafe to Sydney:

Single: £47.10.0d.

Passenger & Freight Agents

GIBB, LIVINGSTON & CO., LTD.

Joint Passenger Agents

P.&O. Building.

Nippon Yusen Kaisha

King's Building.

SINGAPORE RAW

RUBBER

Latest Singapore Prices

B. B. JOSEPH & CO.

Hong Kong, Nov. 3. Mesra, H. B. Joseph & Co. re- ceived the following quotationa from Singapore in Straits Cur- xency for Raw Rubber

EXTRA MANILA } CLOSING QUOTATIONS

ឬទុ ទុគត់ ភីធ្លី៖ វី ឌ ឌី

Dayaka

21 Cocogrove

Mambulao

Ung. North Mindanao

09*

24. Gloodyear Tire & R. 28 Irregular quiet, Firmer G. Wthern Rly, pf 424

tp

All broken, ahafed and damaged Goods are to be left in the Blodawas, where they will be szamined on any Tuesdays And Fridays between the hours of 10.45 Am. and Noua within the Fres Storage period.

No Claims will be admitted after the Goods have left the Steamer's Godowe, and all Goods maining adored after the 9th Novs. will be subject to Bal

NORDDEUTSCHER LLOYD BREMEN,

EE Steamer

THE

***GNEISENAT."

having arved from BREMEN, BAM- BURG and Ports, Consignees of cargo are hereby notified that their cargo in landed at their risk into the Go- being downs of the Hong Kong and Kowloon Wharf and Godown Co, Ltd.

Ltd.. Kowloon. where Delivery can ke obtained.

Consignees are further notified that the Steamer "GNEISENAU" has taken at HAMBURG & BREMEN through cargo for HONG KONG 8,8. KONG Dao", S.S. "Born", SS. "Toas $ 3. "ELECTRA SS. "UBARUS" and 8.8. STRAUSS from OSLO, DRAMMEN, STOCKHOLM, COPENHAGEN and KOTKA.

All Goods remaining undelivered after the 10th Nov. 1996, will be rabject

to Rent.

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

Damaged Packages must be left in the down for examination by the Con ignees and the Company's Surveyors, Messrs. Anderson & Ashe, at 10 mg on the 9th Nov., 1986.

Consignee must have a Revenne Officer in attendance when damaged dutisble goods are examined by the Company's enrveyors.

No Ulaim will be admitted after the Goods are left the Godown and AJI clsime must be presented within T.. Weeks of the Ship's arrival here, after which date they will not be recognised.

Consigness are requested to surrender their Bill of Lading to the Undersigned for Countersignsturu.

MELORERS & 00.

Agr.at NOKODESTROY LA, ID, BREMIX. Hong Kong, 3rd Nov., 1998

SERVICES CONTRACTUELS DES

MESSAGERIES MARITIMES.

CONSIGNEE NOTICE.

88. FELIX ROUSSEL " 26°A/39.

BRINGING CARGO Fast MARSEILLES, &C.

ARRIVED HONG KONG ON FRIDAY, THE 30TH NOV, 1936.

MONBIGNIES are hereby informed that their goods with the exception of Opism, Treasure and Valuables are being landed and stored into the Go downs of Hong Kong, Kowloon Wharf Godown Co., Ltd, Kowloon, whence. delivery may be obtained immediately after landing,

All claims must be sent in to me c or before the 10th Nov., 1938, or they will not be recognized

Damaged

| Packages will be azamined by the Company Surveyor, Meier, Goddard & Douglas in the presence of. the Consigo 10.00 8.20. on Thurs.

። Jay,

Consignees must have a Reverse " All Claims against the Steamer musi Officer in attendance when any datiable 'be presented to the Undersigned on ar gods are examined by the Company's before the 23rd Nov, 1936, or they BorreroTE. 382

will not be recognised. 147

No Fire insurance will be effected by us in any care whatever,

R. OHL,

Agent. Hong, Kong 30th Oct, 1916; afternoon apart from the expense

No Fire Insurance will be affected BUTTREFIELD & SWIRE

Agents

[4787

EFFECT OF A "BREAK"

FOR TEA N

Productivity Of Workers Increased

-4778

of tea. But I found that the out- put of work after the break, in- creased so much that it more than repaid us for the quarter of an hour missed”

Bir Harry Hague, managing dir- Bir Harry, showing guests byer ector of A. Wander, Ltd., manu- the model factory, and farm, said facturers of "Ovaltine, told Imm- he had resolved as a young man, cheon guests recently at the Com-when he was in Tancashire many- pany's factory, King's Langley, facturing areas, that it ever be Herts, that the productivity of the could improve the conditions of workers was increased by giving workers he would do so. ALAN QUE them an afternoon break and tea. "I believe that employers can "When I suggested the break," influence the character of their he said, "It was pointed out that employees and help towards build

15 minutes would be lost every ing a sound nation, he