1936-11-23 — Page 13

FOR

£36.0.0

ECONOMIC TOURIST CLASS

TO GENOA, SOUTHAMPTON or HAMBURG par

S.S. "STUTTGART

Leaving Hongkong

Doe Genoa

Due Southampton

Due Hamburg

February A. March 9.

March 16

March 19.

·CABIN CLAS8; from £77,0,0, TOURIST'CLASS: from £42.0.0.

Queen's Hely.

For further particulars please apply to

I

MELCHERS & CO., Agents.

HONG KONG DAILY PRESS, MONDAY, NOVEMBER 23, 1936.

THE SHARE

MARKET

Harriman's Weekly Review

Saturday Nov, 21. Mesars, G. A. Harriman & Co.'s

1 weekly share report, and market review issued st noon. to-dav state:**

Telephone '17772) |

NORDDEUTSCHER LLOYD

BREMEN

Cantor Arora Jabsen A Co, Shameer; B.G.

4

BARBER WILHELMSEN

Pacific

LINE

MONTHLY SERVICE.

SAN FRANCISCO

LOS ANGELES

ΤΟ

Panama

Atlantic

BALBOA (Panama) NEW YORK CRISTOBAL (Colon), BOSTON, NEXT SAILING

M.V. "TAI PING”

it

ON

18th DECEMBER

EXCELLENT ACCOMMODATION

FOR 12 PASSENGERS.

DODWELL & CO., LTD.

AGENTS

HONG KONG BANE BUILDING

THE

4.6.** HELION*

!

The week under review has not been particularly noteworthy for any outstanding featurès itri our market or in Manlia. Following upon a period of stagnation, local shares "eased off about the middle of the week, due, in part to Settle- ment, liquidation, and also аз ал aftermath of the shaken-out given last week to Manila mining stocks, Subsequently rates steadied and the week ends with buyers predominant and a definitely better tone prevall- ing all round. The same cannot be said of the Manila market. which is slow to recover from the knock administered to it a week

For the time being buying Interest here appears to have sub- sided, and to borrow a phrase from our American contemporaries, the present tendency appears to be "to sell on bulges' However, mining shares will repay watching and particularly the producing com panies, so that we would advise our Teaders to be prepared to come. In and plet up bargains,

A considerable business has been transacted in OUT two Electric stocks, Hong Kong were sold in quantity down to 511, which price attracted buyers, so that they close in good enquiry at $52 China Lights came under pressure and sold na

LONDON EXCHANGE RATES

Parla

Geneva Berlin

Athens MBA

Shanghai

New York

Amsterdam

Vienna Prague

Bucharest

Madrid Llabon

(British Wireless Service)

Novembar 18,

105 9/64

21.201

November 18. 105.-9/64 21.277

1215

12151

550,

5471

94 27/32

4.881 9.042

1981

92' 15/16

4.89 3/18 9.041

Hong Kong

Brussels

28.91

Fi

1/2 15/18*. 28.93

Montevideo

Belgrade Montreal Yokohama

Helsingfors

Rio'

Buenos Aires

Bilver (Spat

Bilver (forward) War Loan

ON LUNDUR: -

4.881

4.881

21

211.

21,

31% 105.

Closing Quotations

Novem er 2, 1636.

Telegraphic Transfer... Bank Bille, on demand Crediti. four months'

tight

Or SHANGHAI:--

On Demand

ON NEW YORK:-

34% 106 11/10

Bank Bills, on demand 303/16

Credits, 60 days' sight. 30;

ON BATAVIA:-

1

37/19

H

On demand

60

1/3 3/39

<

PARIO:-

Bank Bills, on demand 84

Credits, 4 month's sight 650

1021

On demand

51118 O Manita:~

In demand

On demand

[US]

US Bangor -

On demand

ON INDIA:--

Telegraphic Transfer... Bank, on demand..... 813

ON SINGAPOR:---

On demand

On JAPAN:-

low as $13 for cash. Buyers quickly BUILDING FOR

appeared for this popular stock and they close $13.50 bid, schlers asking

#

$13.85. Telephones (old) have THE R.A.F.

"eased to a buying rate of 28.25 and the new to $10. Star Ferries were the medium of business at $92 and $92.50, Hong Kong Trams dropped to $11.80, but rallied sharply to close $12.45 buyers, Wharfs ex- changed at $108 and $109, closing with sellers at the higher rate. Providents (old) were sold down to $1.80, but closed at $1.85. A small parcel of Hong Kong Docks made $14. Cements have been a very made from $11.50 down to $10.60, closing In active enquiry at $10.99. Ropes now offer at $3.30 and Canton Ices

active market, sales were TELEPHONE 28021.

CHINA-SIAM

HONG KONG-BANGKOK

LINE.

leaving Hong Kong 25th November via Swatomi

BONG KONG-SWATOW-AMOY®

Accepting Passengers & Cargo for all the above metioned ports. HONG KONG---SINGAPORE-PENANG---RANGOON Regular Express Service

"HAI HING" leaving Hong Kong 26th November

Accepting cargo for all the above mentioned ports.

Excellent passenger accommodation available.

For freight, passage rates and all other information-Apply ta1-

THORESEN & CO., LTD..

Queen's Building.

Tel. 30237.

General Apenta.

1

S.S. “BENARTY”

Sailing for LONDON, ROTTERDAM,

ANTWERP, HAMBURG, HULL and LEITH

on or about the 9th December.

影

Cargo will also be accepted on through Bill

of Lading to the usual transhipment parts.

Next Sailing for SHANGHAI & JAPAN

BENLEDI "

S.S.

Tel. 88533

하

6th Dec,

For Freight and Passage apply to:-

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

York Building. Agents:

THE BEN LINE STEAMERS, LTD.

DR. SCHACHT'S TOUR

Teheran, Nov. 20 Schacht arrived here on Friday for a visit to the Tran Govern- ment Schacht was accompanied by the German Minister to Iran.

Fransocean" News Bereitz.

ROLLS-ROYCE APPOINTMENT

The Rolls-Royce Company an nounce that Mr. E. Hives who has been with the company slice its earliest days, has been appointed general works manager at Derby, succeeding Mr. A. Wormald, who retired recently on account of -

health

are wanted at $2.05 cuka 39 divi-

3500 eric div

cts, to 85 cts. Demonstrations were supported early in the week up to

$1.54, but the closing quotation is down again to $1.40 middle. Con-

solidated Mines were in good en- quiry round 71. after sales higher. and both Atoks and Big Wedge kept steady throughout the week to close

|

Production Of New Aeroplane

INGENUITY IN DESIGN

Yeovil. Nov. 5. The new high-wing monoplane, designed and built at the West- and Aircraft Works at Yeovil will probably be the simplest to pro-

duce of all the new types chosen

for the RAF. It has no stressed

Hate

SOVEREIGNS Bank Buying

BAR SILVER, per or

B

1491

1/3 3/3

PASSENGERS

13

DOLLAR STEAMSHIP LINES

AMERICAN MAIL LINE

S.S. PRESIDENT MCKINLEY

WILL SAIL FROM HONG KONG

Midnight, Saturday, November 28th

FOR SHANGHAI, KORE, YOKOHAMA, SAN FRANCISCO THENCE TO SEATTLE.

All persons holding Banad-the-World or Pacific Roundtrip tickets ard requested to call at Dollar Line office for information and reservations.

DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE

12, Pedder Street

CANTON BRANCH-21; French Concession, Shameen

BRITISH INTERESTS

IN THE EAST

Relations With Russia And Japan

Lord Lloyd présided at the an- nual dinner of the Royal Central Asian Society, held at Claridge's

Departures By Shirala recentis, states the "rimés."

Field-Marshal Sir Philip Chet-

CONSIGNEE NOTICES.

CONSIGNEES' NOTICE.

BURNS PHILP LINE.

FROM MELBOURNE, SYDNÉT, SALAMAUA, BAHAUL, SAND- AKAN AND MANILA.

"NEPTUNA.”

wode, speaking in memory of the THE M.V., late Lord Allenby, said that Allenby lived to see the world brought to

"

The following passengers salled by the "Shirala" on Saturday: Mrs. H. Brewster, Mr. W. J. Walsh, Mr. Percy Ronald Gum, cial ruin, and to see once more tanded at their riek into the hazardous the edge of financial and commer-ONSIGNEES of Cargo are hereby informed that all Goods are being Mr. Lee Tian Lay, Miss Lau Won young men very near to the mouth and/or extra hazardous Godowns of the Ngan, Mr. A Bera, Mr. Ho Lan of the cannon History had re- Bore Kore AND KOWLOON WHARP AND. WOOD, Mr. Lee

Chak Choon peated itself. They had told the GODOWN CORANT, L2, whence and/or Madam Chow Yaw, Madam Chen young men that soldiers were not

from the wharvis Delivery may be Chiang Lin and infant. Mr. Wong wanted. He was,

obtained, however, an

Ngin Lok, Madam Wong Chiu Shee optimist, and be believed the god and infant. Mr. Amador Golanco. of battles was going to give them Mr. Tan Seen Chin, Mas Wong time to recover themselves. Book Ching, Madam Aurelia Arlan-

tico de Notario, Rev. and Mrs. A.

B. Gould, Miss C. Stubblington, MI.

He

get back to what was their true role in the balance of power-s0 strong from a military, naval, and air point of view that people would know that, although they did not want to fight, whichever side they

thought they would have time to

chose would win.

Sir Francis Lindley, who pro- posed the toast of the Society, sald

served. It was

No. Claims will be admitted after the Goods have left the Godowni, and sit Goods remaining undelivered after the 19th Nov, 1938, wil be antject to rent. before the 3rd Dec., 1936, or they will All Claims against the Steamer mut presented to the Undersignad on tr

be

not be

Trecognised.

comply with the General Bonded Warehouse Regulations consignees must have's Revenue Officer in altez- dance when damaged antiable good are examined.

All broken, chafed and damaged Good are to be left in the Godowns, where they will be examined on the 18th Nov, 1836, at 10 LM, by Messrs. Goddard and Douglas.

No Fire insurance has been effecten. Bills of Lading will be countersigned by" GIBB, LIVINGSTON, & Co., LTD

Agents.

(1892

Hong Kong, 18th Nov., 1986.

DECREASING DEMAND ON CONTINENT Electrification Effect,

dend Lands sold at $33.50. sellers aver, but Humphreys have good skla on the wing or retractable J Sauler, Mr. and Mrs. M. Bishan buyers prepared to pay $9.40, or under-carrlars to complicate the Dass, Miss 8. Bishan Dass, Mrs. near offer. Hotels shaded off te construction of the wing. The type | Ram Plari, Mr. C. 8. Spooner, Mr. $5.60, but met with good support of construction is different from LC. Aga's, Mr. F. K. Modi, Mr. which carried them back to $3.80 and superior to anything the com- | D. R. Bishan Dass and Master H. buyers closing Ewos put on 31 pany has undertaken before, yet N. Bishan Dazs close $11.75 buyers. Raubs sold as it is at least as easy to arrange www. high at $13.70 on the Improved mand, from the standpoint of the terim dividend of $d.(the last quar-¦ squadrons which will have to terly dividend was 40). Sterling maintain the structure, much issues continue firm with Banks In more convenient. The new aero- demand at 31890 and Unions at plane is an example of obtaining Femarkable results without having Philippine mining "shares are to demand too much from work- mostly easter after early framessshop staffs, writes the "Times” and the volume of business trans-aeronautical correspondent. acted in this section has shrunk The significance of such a type quite appreciably. Antamoks sold In a period of rapid rearmament at $6.55 and $8.40, and there are

needs no emphasis. It promises still good buyers for this first class

the two achievements which the dividend payer. Falr sized parcels public appear most to desire-a of San Mauricios were sold from notable improvement in perfor- $1.50 down to $4 closing and Suyocs

mance and a relatively high rate were dealt in quantity at from 55 of production. These two matters are inter-related, for ingenuity in design has given high aerodyna mic efficiency and has relieved the designer or the need to ad- venture.in fields which throw up for the produë- large dimculties. tion expert to overcome. The aeroplane is full of novelties but volves a new engineering techni- the tape fully depressed.

with all the slots wide open and panese. It seemed to him that in

that struggle their sympathies, sumption due to electrification In "The known decrease in coal con- One Indeed took its origin que.

BEST TO ITS TIEE in the benevolent desire to lead

though they need not be very Austria, Sweden, Switzerland, and So determinedly stable is this pronounced. should certainly not Germany," the old class of wood-worker by machine that no one yet has suc-be with Moscow.

he stated, "must an easy path into the world of metal work which is busting his absence of vice in an aeroplane confident that the Royal Commis partially replacing steam for trac-

ceeded in making it spin, -- The

Lord Lloyd, in reply, said he wasper annum. Electricity.is not only amount to nearly, 2, million tons honourable craft.

which may have to be flown slow-sion in Palestine would come to ation purposes, but is rapidly sup- AERONAUTICAL CURIOSITY ly for reconnaissance or are consane Just solution, so far as such planting steam in industry.. In The Air Ministry has placed a trol is important. It is also to be a solution could be come to in the many countries a large proportion large order for the new zero- remarked that the speed range to Palestine mess and muddle, but of this is produced by water power, plane, which is to serve the Army very wide. The combination of could they be so sure that the Gov- which is taking the place of coal cooperation squadron. Delivery high speed which may take it ernment would have the courage formerly purchased to Great Bri- dates have been fixed, and the de- quickly to a scene of operations, and wisdom to give effect to the tain." Uveries" should be punctual. Sub-with the ability to get into and conclusions arrived at? At to-morrow's meeting of theject to the expansion of the works out of the comparatively small Urban Council the following ap- plications will be considered:-

Baiting house licence for No. 17, Kai Yan Road, ground cor;

Food factory licences for No. 556, Queen's Road Central, second floor No. 15, U Lok Lane, ground floor:

For addition of No. 12, Ping Lan Street, ground floor, to the food, confident a change is a tribute tuctory Hence for No. 10. Plug Lan to the new aeroplane, yet if the change had been more difficult the aeroplane would have been worth the trouble. In two respects its wing is an aeronautical curiosity For the sake of securing a good outlook in all directions from the pilot's seat, the inner sections of the wing as well as the outer are tapered. This should have meant Instability at low speeds and the precise opposite is in fact the case.

Part of the explanation con- that the centre of interest in the sists in the fitting of automatic | Far East was th the relations be- slots along the whole of the lead-tween Japan, Russia, and China, ing edge of the" wing; yet in this and it would require a prophet to matter, too, a gloomy prophecy foresee how the situation would has been proved unsound. The develop. There was not merely slots on the inner sections of rivalry between races, but between the wing are connected with the systems of government. The only flaps on the trading edge, so that thing which really interested him: reduce the landing speed, and as could best be the flaps, which steepen the glide. was on which adde British interests sist at the take-off, do not operate humiliating for Englishmen who until the wing is so near stalling knew the position 30 years ago to that the slots are drawn forward see the difference which obtained by the disturbed air currents. The to-day. They were then the pre- theory that the flaps would-be dominant power in the Far East tion abroad in lessening the de- The effect of railway eleckifcu- insufficiently operated by this de- and their advice was listened to mand for British coal, and the vice has had no support in prac with respect. In the Far East to postility of increasing home con- tice. Mr. H. J. Penrose, the test day the only two countries which sumption were, discussed recently pilot, to-day took the fully loaded counted were Japan and Russia. by Sir Philip Lawson, M.P. a mem machine off after a run of 120 No doubt in the lotig run Chins ber of the Ministry of Transports yards, landed it, and brought it would reassert herself, but there advisory committee to rest after a fun of 100 yards, would be a struggle, perhaps not electrication, in his presidential and new it slowly across the aeroan armed one immediately, be address to the Institute of Fuel in on railway

at 90 cts and 75 cis, respectively. they are not of the Lind which in-drome under full lateral control, tween the Russians and the Ja- London, states the "Morning Post."

Masbate, eased to sales at 721 ets Northerns at 29 cts

and United Paracales at $2.45.

Concluding comment: Hong Kong market closes baby aut. Munila, easy, trend uncertain,

URBAN COUNCIL Applications To Be Considered

Street, ground flooring bo

Food factory licence for No. 1 McGregor Street, ground floor;"

Leaundry licencer for No. 79, Hennessy Road, ground floor. No. 1. Luard Road, ground, floor, No. 21, Lee Tung Street, ground floor. No. 6, Luard Road,, ground floor. No. 361, Hennessy Road, ground floor, No. 323, Hennessy Road, ground

floor.

I

AGA KHAN SUED

and the provision of extra ma- Gelds which often have to serve chine tools to allow of a bigger as advanced landing grounds volume of work within a given makes the machine the best of pertod, the transition from the Its type yet produced. It is also building of an older type of co- operation machine to the build-plane and is capable of carrying in a King's Bench Division action the roomiest co-operation zero-

The Aga Khan is the defendant Ing of the new type should be a vast amount of the varied equip smoothly made. The prospect of ment which ite tasks require: Its to be heard shortly arising out of

the sale of his famous racehorse

lenheim, Derby winner of 1920.

The action is leted as Dale and another person Mahomed Shah, and will probaby come, before Mr. Justice Horridge,

Possible! lines of development tr the coal industry which he sug gested were the increased produc..." tion of benzol by our gas and coke industrier, the use of gas for road

"producer gas from coal, and the transport, the practical develop ment of vehicles making their own use of storage batteries as the im- mediate source of power.

crew may ay in comfort and may feel happy about the ability to climb at the angle of a aghter when once it is off the ground.

Design and construction have combined with the high output of

GOLD OUTPUT a Bristol engine to make a biz The first plaintiff is Mr. Raymond aeroplane fly as fast as only sin Michael Dale, of Rudgwick, Hors- ing Company Limited, - advised The Raub Australian Gold. Min- gle-seaters have down in the past, ham, Sussex, the claim, being for through Mestra Derrick and Co Production may now be able to commission said, to be due Blenheim (local secretaries), that the out turn out a new type amber as was cold recently to an American put for the four weeks ended 7th quickly as in the past it but did svndiente at a price stated to be November 1938 amounted types of much smaller dimensions. £50,000

1,957.67 ounces.