THE TAIKOO DOCKYARD & ENGINEERING!
COMPANY OF HONGKONG, LIMITED.
BUILDERS OF ALL CLASSES OF SHIPS.
BUILDERS OF RECIPROCATING STEAM ENGINES. BUILDERS OF MARINE AND LAND BOILERS. BUILDERS OF TURBINE MACHINERY
Under License From Messrs. Parsons.
BUILDERS OF DIESEL ENGINES"
Under Special License
From Messrs. Sulzer Bros., Winterthur.
Licensed To Manufacture Lanz Perlit Iron, Specially Suitable For Internal Combustion Engine Working Parts.
DOCK &
SLIPWAYS.
FOR DUCKING VERY LARGE, AS WELL AS SMALLER VESSELS,
ON "ANY TIDE.
ALL CLASSES OF SHIP, ENGINE AND BOILER
REPAIRS AND EXTENDIVE
WELDING, BOTH ELECTRICAL AND OXY: ACETYLENE SKILFULLY AND PROMPTLY CARRIED OUT.
L
BUTTERFIELD & SWIRE, Agents,
HONG KONG, CHINA ♣ JAPAN,
T. Adam: "TAIKOODOCK," Hoxe Kono. Talaphone: 30211
CALL FLAG: “ NUMERAL Ort "Ovan ◄ ParFANT ANG.”
USE OUR SPECIAL
AEROMAIL
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ON SALE AT
HONGKONG DAILY
15-19, Queen's Road, Central.
PRESS
Telephone 30251.
BERLIN SHARE |JAPANESE BANK
MARKET
Berlin, Jan. 25.
The sharemarket began this week in a quiet way but prices on the whole indicate that there is no lack of healthy signs. The reser- ved attitude displayed by the ma- jority of the buying public was merely due to the inclination te await the declaration, which the Reichchancellor will make on the soth inst
SEEKS INCREASE OF ITS CAPITAL Margin For
U
Negotiations
Demanded
HONG KONG DAILY PRESS. WEDNESDAY, JANUARY 27, 1937.
THE EXCHANGE
·MARKET
MESSRS. ROZA BROS.
Hong Kong 202 20 Suver prices rose 1/16 yesterday for both deliveries, the quotations being 20 7/16 for Ready and 20 5/18 for Forward. Bliver advices reported India as having bought Offerings were small. The market was steady but restureless. Ame- rican Silver was quoted at 44 3/4 for Spot.
The London-New York croBS- rate was quoted ät 490 1/2. New. York-London was higher at 4.90 15/168,
MARKET
Inactive. Steady.
STERLING
No business was reported, There were sellers at 1/2 31/32 January- August, buyers at 1/3 for any delivery.
US. DOLLARS Some business was done during the early part of the morning at 30 5/8 for March delivery. There were sellers at 30 5/8 January up to China New Year and 30 B/18 February-June, buyers at 30 11/18 January-February March-June.
SHANGHAI DOLLARS Business was done at 102 9/18 for cash. There were sellers at 102 1/2 buyers at. 102 9/16 for CRah.
SHANGHAI MARKET
There were sellers of Sterling at 1/2 19/32, buyers at 1/2 5/8 for cash. US. Dollars, sellers at 20 13/18, buyers probably at 20 7/8 for cash.
اور
NEW YORK STOCK EXCHANGE
(Through Router's Servics?
גן,
New York: January. 86.
QUOTATIONS
New York/London Cromo-rate New York Cotton-Mar. New York Rubber-Mar. -May Chicago Wheat Uhicago Corn -May Silver-Official
Dow Jones Averages,
20 Baila
so Industriala
20 Utilit
"10 Bonds
Last Today's High Low Close Clone" Change
4.90-11/21 491-1/8 11/16 ap 12.46 -12.43 1947 1248 01 ap 11,17 20.78 30,85b 21,16 50 up
128 128 Leak: 1264
109 109
11 Commodity Index 81.87 16,58 77.05
Amer. Steel Fdries. Amer. Sugar Amer. Tel & Tel... 1834 Amer. Tobacco "B" ST Amer. Waterworks ... 271 Anaconda Copper 544 Atchison, T. & S. Fe. ́/744 Atlantic Redning Atlas Corpn. ........ Auburn Motors Baldwin Locomotive
IN THE AFTERNOON The market was dul in the Barnsdall Oil afternoon.
IN STERLING
No business was reported, finish-Boeing Airplane ing with sellers at 1/2 31/32 Janu-Borden Col ary-August, buyers at 1/3 for any delivery. "
U.S. DOLLARS
A small business was reported at 30 5/8 for the first half of Febru- ary. The market closed with sel- lers at 30 5/8 January and 30 9/16 | February-June, buyers at 30 11/16 January-February and 30 5/8 March-June.
IL
ANN
Brooklyn-Manhattan
106 109
`Jan, 98,
*
up
要吧
unchanged
*l
S.S. "BENAVON"
13
ROTTERDAM,
Sailing for LONDON, ANTWERP, HAMBURG, HULL and LEITH on or about the 9th February.
Cargo will also be accepted on through Bill. of Lading to the usual transhipment ports.
Next Sailing for SHANGHAI & JAPAN S.S. "BENMOHR" 2nd Feb.
For Freight and Passage apply to:
W. R. LOXLEY & CO., (CHINA) LTD.,
York Building. Agents:
THE BEN LINE STEAMERS, LTD,
NOTICE TO CONSIONERS,
ANTWERP, LONDON, GIBRAL- TAR, MAKSKILLES, MALTA. PORTBAID, ADEN, COLOMBO AND STRAITS,
CONSIGNEES of Cargo by the
above-named Vessel are hereby in formal that their Goods are being landed and placed at their is in the Hong Kong and Kowloon Wharf and Godowa Company's Godown at Kowloon whate each Consignment will be sorted out Mark by Mark and Delivery can be obtained se the Chooda are landed.
Optional Goods will be landed here unless Instructions have been given to the contrary Six Hours before rival of
the steamer.
Goods not cleared within 8 days în- olnding date of arrival will be subject to
No Pure Insurance will be affected by us in any care whatever.
Damaged Packages must be left in the Godowns for examination by the Consignees, and the Company'a surveyors, Mesars. GODDARD & Dougtas, at 10 am on Mondays and Thursdays, within the
ree Storage period. Consignees are specially notified that it is
for Revenue Officer to is necessary be present at the examination of damaged datiable cargo.
Free
1038
High Low Jan. 23. 187.80 143.11 188.89 80.48 40.88 60.08 37.79 38.23 37.08 100.0 98.92 105.88
High Low Clase Change 188.97 18.03 185.63 1.07 of 53.98 88.07 $5.95 .81 of 36.60 38.30 36,48 ,54 of 105.21 .45 off 77.24 .19 of
Business Dona:~1,231,000 shares.
Tel. #2533
Last Bale
Last Sale
» Etocks
Јад 23 25
Stocks
Jan 23 25
Adams Express
181
*18
Great Northern Rly. 423. 428
Allis Chalmers....... Amer, Can ......
821
812
Great Western. Bugat. 377
37
1123
112
Holly Sugar Corpn.
Am. Car & Foundry Amer, Cyanamid Amer, iz For. Power Amer. For. $7 pl. 664 Amer. Locomotive .... 481 Amer. Metais .....
Humble Ol
84
861
331
33
Int. Nickel
641 63
13+
124
Int. Tel. & T6
19 123
85
Ink Dept Stores.
311
314
504
Kennecott Capper
-
60%
38
'801
60
Lambert Carp
.....
21
201
Amer. Radiator
17
28
· Loew's me
74 731
PENINSULAR AND "ORIENTAL- STEAM NAVIGATION "C«,"# STEAMER "BHUTAN.".
ARRIVED HONG KONG an
24TH JANUARY, 1937.
Amer, Rolling Mill...
35
34
Laflard
241
237
and 38 5/8
Amer. Smelting
952
941
Mcintyre Porcupine
From
70
89
McKesson & Robbins 454
481
544
54
Monsanto Chemical 98
971
1841
Montgomery Ward ..
57
5611
.99
Murray Corp. ......
19
181
26
Nat Cash Registor
34
34
53+
Nat Dairy Products 231
234
74
Nat Distillers
281
281
+
35+
342
Nat Power & Light
131.
13
177
174
New York Central.
421
417
******
32
314
Niagara Hudson P.
Сокра
17རྞྞ ་
161
$7 cum pi....... Baltimore & Ohio...
88 **
90 *
North American .....
321
311
221
221
Northern Pacific....
281
* 23+
343
331
Pactic Gas & Elec.
37
37
Bendix Aviation
Pacific Lighting
51
511
Bethlehem Steel ..... 761
781
Packard Motors......
11
11
36 201
351
Paramount
271
264
21
Pennsylvania R.R.
422
42
Briggs Mfacturing 551 501 Brooklyn-Manhattan
Phelps Dodge .........
Phillipa Petroleum
521
52)
Irana
50
50
Public Service of NJ.
521
52
Pullman Inc.
-
691
69
$4-cum. pl. ......... 1014* 1017 Case, J.L
159 1581
Pure Oll
221 221
Radio Corpn of Am. 11
11.
|
Canadian Paciāc
153 151
Republic Steel
354*
354
ASSOCIATION
Commercial Solvents 201 Commonwealth & 8. 31 Commonwealth $6
Commercial Credit 861..
Celanese Corpn. of
America
30% Cerro de Pasco...... 691* CertainTeed Pducts 199 Chesapeake Corp. 891* Chesapeake & Ohio 867. Chrysler Corpn. 1222 121 Columbia Gas & El. 181 Columbia 6% "A" Pf. 104 *
Reynolds Tobac, “B”
581
56+
291 681
St. Joseph Lead Co..
Schenley
44+
43**
191
Schenley 51% pl. ...
97*
97:*
89
Sears Roebuck
85+
849
be presented to the Undersigned on or
85k
Shell Union Oll ......
174
17
before 18th Feb. 1937, or they will
Socony-Vacuum
not be recognized.
31
301
182
Southern Cal Edison
49
471
105
Bouthern Pacific ....
277
271
672
Southern Rly 5% pl.:
50
401
Agents
191
Stand Brands .............
151
152
Hong Kong, 33rd Jan., 1937
31
Stand Gas & Elec. 127
[1978
12
Stand Gas & Elec.
cum, pf..................
719
69
$ pl. mi
581
561
Consolidated Edison 401
471
Standard Oll of N.
71
701
Consolidated Oil (...). 181 Continental 00........ Cor. Products
161
Sterling Products
731 73
442
443
Swift International
321
321
691
Technicolor
22
213
Curtiss Wright (C) 7+ Curtiss Wright "A" 213 Delaware & Hadson 51 Del, Lackawanna &
Texas Gulf Bulphur
401
22
Tidewater Assoc. Ol: 201
·201
504
Timken-Detroit AxteTM 241 Transamerica.
251
LOCTITIO
161
161
Western .......... 1224 Distillers Corpn Bea.
grama
261 Douglas Aircraft ............. 751 Du Pont...ITA ****** 175 Electric Bost
1217
261
20th Cent. Fox Films 373 20th Cert. Fox Films
pf.
37
487
47
761
Dn. Carbide & Car-
F
1743
ben
1057
137
13
Un. Pacific
131+
105+ 130
Elec. Bond & Share 257
25
United Aircraft
31
301
Elec. Bond & Share
Un. Airline Trans-
$5 pt.....
761
701
port
Bec. Bond & Share
United Corp.
74.
227 7t
FIVE MILLION IDLE IN AMERICA
$6 pf.
854
80+
United Corpn.
221
48
Un.. Gas Tprovem't 157
341
342
Un. Light & power
421
424
"A"
101
10
38+
ST7
U.B. Industrial Alco-
52+
514*
bol ...................................
381
38
63+
€2
U.S. Rubber
$31
521
427
43
UB. Rubber $8 pt. 973
961.
661
UB. Steel.....
874
071
612
Vanadium
31+
301
..
Warner Bros Pict
157
157
213
Westinghouse Misc. 163
1642
Youngstown
Sheet.
154
152
...& Tuba
701
781
Goodrich (BY) Goodrich $5 pt. Goodyear
33
32+
BOL 81- 33
921
Chase National B 531* National City Bank 191* Call Money
1%
501*
$21.
of the avaliable berths were loc
1%
cupled with work, and there, was
1 x dir,
* Bla
}
HONG KONG
SHAREBROKERS!
BUYERS
Hotels, $5.65.
Lands, $94,
Land Debentures, $102. Trams, 312,60.
Lights (Old), $13.80, Electrics, $55).
Telephones (Old), $28.89. HK. Docka $14.60, Consol, Mines, 078 eta, Demonstrations, $1.80.
Mindanao. 70 cts. Trams, $12.75.
SELLERS
Demonstrations. $1.84:
BALES
Lights (Old); $i275, Big Wedge, 50 ets, Consol. Minea, 074-8 cts. Demonstrations, $1.83.,
E. Mindanao, 68 cts.
Negotiations necessary for a
Elec Power & Light 231 Elec Power & Light The investing public showed a virtual twenty-fold increase in the
"Washington, Jan. 25.
St pt..... certain amount of interest in the capital of the Shanghai Bank, a
A total vorious issues but business remain- Japanese
permanent unemploy- Firestone Tire & R Institution, are now
ment figure of 5,000,000, even when Flintkote.............. ed restricted. The speech of the
between Mr. prosperity is completely restored,
Gen Asphalt ......... French Fremler, M. Leon Blum, did being conducted not, contrary to expectation, have Kaset Hasekawa, its president and was to-day predicted by Mr. Harry Gen. Cigar ............. any effect on the market.
representatives of the Bank of Hopkins, head of the Works Pro Gen. Electric ...........
gress Administration here when Gen. Foods. 68% Chosen, the "ghanghai Nichi-
speaking before the House of Re-Gen. Motors
81 Nich" said.on January 21.
presentatives' Appropriations. sub- Gen. Railway Signs!
GWlette Safety Razor · 22į The approval of the Ministries | Committee.
Gidden
German Petroleums showed a alight Advance whilst Electrica were weak. Call Money was quoted
· at 2 3/8 to 2 ́5/8, Young Loan de- clined to
also
T
11
"The year 1837 holds promise of
102.50 and Reichsbank of Foreign Affairs and of Financea zure of 8,500,000 to 7,000,000 Gold Dust receded to 187.82. German towards this step was secured by Dye Trusta were unchanged at 168.12, while Salzdetfurth Potash Mr. Hasekawa last year, the paper was unquoted. Daiped Steel Works reported. were 117.87 and "German Mineral
Oils 146.13, Simonahalske at 200.50 and Bemberg Rayon declined "to
··-109,-
Prosaaren Hews Service
MERCHANTS OPPOSE BUSINESS TAX
new
Under tentative plans, the bank's capital will be increased from $100,000 to 2,000,000, ac cording to the dally. This will enable the institution to lend against real estate security.
The creation of such a bank, the "Nichi-Nicht" pointed out, is
memployed,” said Mr. Hopkins.
· Acting • Budget Director Mr. Daniel Bell, told the same com mittee that rellef and recovery outlays from 1934 to 1937, had amounted to $12,611.000.000-
Reuter
4
FOREIGN MONEY IN UNITED STATES
(London, Jan. 20. It was stated in reply to a Par-- liamentary question that estimates
ANGLO-AMERICAN TRADE
Mr. Runciman's Efforts Ai Washington
Washington, Jan. 28.
401
LONDON CREDITS TO FRANCE
.!,,
,46
154
London, Jan. 25.
All Ohim against the Steamer must
CONSIGNEE NOTICES.
SERVICES CONTRACTUELS DES MESSAGERIES MARITIMES
CONSIGNED NOTICE.
8.8. "MIN"
3°20/37.
BRINGING CARGO FROM DUNKIRK via porta, ato.
ARKIVED ONG KONG SUNDAY, THE 30TH JANUARY, 1987.
ONSIGNEES are hereby informed that their goods with the exception of Opium Treators and Valuables are being landed is stored into the godowns of the Hong Kong Kowloon Wharf and Godown Co., Ltd. Kowloon, whence be obtained immediately alter landing. delivery may
All Claim must be sent in to me an or before the 4th Feb, 1937, or they will not be mcognised.
by the Company's Sarveyers, Messrs. Damaged Fackages will be examined Goddard & Douglas in the presence of the Consignees at 10.00 on Saturday, the 30th Jan, 1937.
Consignees must have a Reveané Officer in attendance when any dutiable goods are examined by the Company's Surveyors
No Fire Insurances will be effected by gain any case whatever,
B. OEL,
Agent.
[4974
Ne Olims will be admitted after the Hong Kong, 24th Jan, 1937. Goods have left the Godown.
MACKINNON, HAOKENZIE & Co,
SHIPBUILDING
INDUSTRY
"Real Prosperity Within Sight"
CONSIGNEES' NOTICE,
THE BEN LINE STEAMERS, LTD.
ProM LEITH, MIDDLESBRO', ANTWERP, LONDON. AND STRAITS,
Tak 8.8. "BENVORLICH."
NONSIGNEES of Cargo are hereby
CON
After many years of depression, the shipbuilding industry is within sight of a measure of real pro- sperity. The decline in foreigno Claims will be sanitard, Wow Pink ordera, however, is causing con- alderable anxiety.
This information was given to a reporter in London by Mr. F. E Rebbeck, president of the ship building Employers Federation. At the present time, he said. 20 per cent of the berths were OC- cupled with naval work, and the combined total of merchant work
and naval work had brought the Industry back to its previous post war peak of activity, which was reached in 1929. At that time,
however, the merchant work under construction reached
1,500,000 gross tons, and there was only a negligible amount of warsship work in the yards,
-informed that all Goods are being landed at their risk into the hassPione and/or extra hamardous Godowns of the Hong Kong and Kowloon Wharf and Godown Co., Ltd., whence and/or from the wharnm Dalivary may be obtained.
Goods have left the Godowns, and ma Goods remaining undelivered after the 2003-Jazy 1837.
will be subject to Bert. All Claims against the Estonmur mu be presented to the Undersigned on or before the 9th Feb., 1887, or they will not be recognised
Warehouse Regulations, consignees must To comply with the General Bonded have Rerence Officer in attendance when damaged dotiable goods are examined.
All broken, chafed and damaged Goods are to be left in the Godowns, where they will be examined on the 23rd Jaz, 1037 16 0 wm. by Messrs. Carmichael & Clark
So Fire Insurance has been affected, Bill of Lading will be countersigned
W. E. LOXLEY & 00, (CHINA) LTD.
Agenta.
- L1969
Even with the improved con- Hong Kong, 20th Jan, 1987, ditions. however, only 55 per cent. thala
insufficient skilled labour available | NETWORK
to man anything but a small pro- portion of the remaining 45 der cented
'
FOR HOME ACCOUNT The industry 2 a whole has over 1,000.000 gross tons of mer- chant work under construction
OF AIRWAYS
FOR BURMA
It is now the ambition of Irraw- addy Flotilla and Airways to establish a network of flying routes throughout Burma, A new service
Reliable, quarters, state that and an increased volume of war-which has Just begun operations Treasury ship work equivalent in employ dies between Mandalay and Ran-
French
and
ग
Mr. Walter. Runciman, President official are at present discussing ment value to a further 500,000 goon and Yanangyaung and Rani- being sought by local Japanese recently compiled by, the United of the British Board of Trade, re terms in connection with London gross tons." he said
"The merchant tonnage building stops. In the near future it is pro-. goon," "with several intermediate industrialists and real estate States Department of Commerce vealed at a press conference at the credits
for the French Govern- Canton, Jan, 25.
in British yards at the end of posed to open a service to Tavy. owners, who have sent Mr. showed that on December 31, 1935. Britian Embassy here that he and ment -Strong opposition to the
1936 ts, for all practical purposes, The Company's scheme embraces Discussions are believed to be entirely for home account, where the use of fand-planes as well as business tax schedule was present Shigeru Matsumoto, president of investments in the United States President Franklin D. Roosevelt
by Britain slood at 1.374 million were in close agreement in prin centred around. hte, question of as in 1929 nearly 500.000, groes tons aeroplanes, and many new land- ed, to-day in a petition to the their association, to Tokyo to en-dollars, by France 282 million riple on the basis for negotiating the time limit of the credit of work was building for foreign Kwangtung provincial authorities gage in lobbying, during the pre dollars and by Canada 1.006 mil-a reciprocal Anglo-American trade whether it shall be nine months owners excluding work for the ronda are in course of me praying that the rate should be rescinded owing to its excessive sent session of the Diet, in favour Hon.
agreement. He declared they had or a year. the amount and the British Dominions, sporation in various localities.
nature.
́of legislation necessary for
Investments by Italy and Ger-made made great progress in their guarantee. that
"During the September, quarter many were not known separately. conversations,
Estimates of the total of the of this year only 15.000 gross tons The new tax is based on the purpose.
Between the date mentioned and Only the broadest generalities credit "vary from £40,000,000 to of merchant work, was being built nections is amount of business transacted
September 30, 1936, Italy and Ger- had been discussed, however, and 250,000,000. In the event that a for foreign owners. British naval feature of the
disquieting many had on balazice sold securi- detalls were being left to more lower amount is granted by Bri- work has therefore temporarily serious is evident from the fact industry-how ties to the value of 1,400,000 and formul conversations between the tain, It is thought Ukely that Hol- taken the place of the lost export that work for verseas owners in 1,810.000 dollars respectively in the representatives of both Govern land and Switzerland will advance work.
1930 contributed no less than latter period. ----
ments, Mr. Rumciman declared.
the remainder.
This steady loss during the last £20,000 000 to the nation's "export British Wireles
Reuter
Henter.
four years of vainable foreign con- trade.
and is considered many times
heavier than the old tax abolished the merchants requested that the by Finance Commissioner T. Lold tax based on capital levy be Boong, who is now on sick leave | in force-
in Shanghai. In the meantime, Unior News:
a most
14
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