ཟླས
HAMBURG-AMERIKA LINIE
Far Eastern Mail, Passenger Freight Service
Through bookings to America via Europe and Burope via America. Bookings around the world; - Through bookinge to London,
,"
OUTWARD SAILINGS
* "OLDENBURG" for Shai, Dairen, Tako, Tsingtao,
Moji, Kobe, Osaka, Yhama, Nagoya 21st Mar. 1.3. "CAPE ST. GEORGE" for S'bai,, Taku, Tientsin... 7th April. m.v. "RHEINLAND"... for Shanghai, Dairen, Taku, Kobe,
Osaka, Ybama, Nagora
11
HOMEWARD SAILINGS
m.v. "ERMLAND" for M'lles, Antwerp, R'dam., B'burg 31st Mar. m.v. DUISBURG"...... for Genca, R'dam, Hamburg..... 8th Apr."
* Passenger Vessel. Limited Passenger Accommodation.
!
For further particular and passage faros, etc. apply to:--. HAMBURG-AMERIKA LINIE
10
JEBSEN & CO., AGINTO.
12, Pedder "Street. Tel. 28383.
CANTON AGENTS: CARLOWITZ & CO., Shakee Road.
JAVA
VISIT BALI AND JAVA
Special Round Trip Fares 1st Class Hong Kong
Hong Kong-Ball-Java- Hong Kong
H$450.
TRANSPORTATION ONLY
H$950,
INCLUDING TRANSPORTATION,
MAINTENANCE & TOUBS ASHORE
Hong Kong Manila
H$135.
NEXT SAILINGS-
TO BATAVIA DIRECT
S.S. 'TJISAPOEA' 23rd Mar., 11 àm.
· Tender Queen's Pler 10,00 km. Tender Police Pier 10,35 m,
TO MANILA, MAKASSAR. BALI & SOERABAIA
s.s. 'TJINECARA ' 80th Mar., 10 a.m.
>Tender Quero's Pier 9,00 m,
Tender Police Pier 9.15 am
TO AMOY & SHANGHAI m.s. “TJINECARA“ 19th Mar. For further information apply:
Holland-China Trading Co.,
HONG KONG DAILY PRESS, THURSDAY, MARCH 18, 1937.
NEW YORK STOCK EXCHANGE
New York: March 17.
(Through Reutor's Service?
"QUOTATIONS
New York/London Cross-rate New York Cotton-May New York Rubber-May Chicago Whoat, -May Chicago Corn Silver-Official
So Industrials
20 Baile
20 Utilities
40 Bonds
-May
11 Commodity Index 81.07
Stocka Adams Express
Last Today's High Low Close Clone
Change
4.88-21/32 4.83-93/32 1/16 up 1448 14.20 14.25 14.40 :15 up 96 03.24.41 93.55 953 1.48 up
137 138 138 137
110 1091 100 1032
4045
Last Sale Mar. 16 18
35
Great Northern RÏy. 524 521 Great Western Sugar Holly Sugar Corpn.
· 16 341-
342 051 652
||
THE EXCHANGE MARKET
MESSRS. ROZA BROS,
Hong Kong. Mar 17 Silver prices rose 1/8 yesterday for both delloveries, the quotations being 20 7/8 for Ready and For- ward. Silver advices reported In- dla and the Continent as having bought. Speculators sold to a small extent. The market closed steady. After the official fixing business Was done at 1/16 over the quoted rates followed by trans- actions at the fixed rate. India bought. American Silver was quot- ed at 45 5/8 for spot.
The London-New York cross- rate was quoted at 488.65. New York-London was "quoted at
Dull.
MARKET
STERLING
Sellers at 1/2 29/32 March-Sep- tember, buyers at 1/2 15/16 for any delivery. No business was re- ported.
U.S. DOLLARS Business was done at 30 3/B for June delivery. The market closed with sellers at 30 3/8 March-April and 30 5/16 May-July, buyers at 30 7/18 March-May and probably 30 3/8 June-July.
SHANGHAI DOLLARS Business was done at 101 7/8 for cash. There were sellers' at -102 13/16, buyers at 101 7/8 for cash.
SHANGHAI MARKET
There were sellers of Sterling at 1/2 5/8, buyers probably at 1/2 21/32 for Spot. U.8. Dollars, 'sel- lers at 2919/16. buyers at 29 3/8 for cash. Steady.
H. K. SHAREBROKERS' ASSOCIATION
BUYERS
Canton Ins., $315. Underwritera, $1.10. Unions, $830,
I up unchanged
up
10th Apr.
1938
Dow Jones Averagen
Mar, 16. High Low Mar. 15. High Low Close Change 13.50 85.51 189.41 101.39 188.88 193.98
54 пр 03.72 27.31 62.03. 83.53 63.00 63.06 1.03 up 37.72 10.40 32.85 33.90 32.60 39.84 01 off 108.01 84.66 109.85
108.61 .27 off 1.08 1879
79.45 Business Dose:-1,760,000 shares.
73 up
Last Sale Mar. 15 18.
Stocks
22
211
188.33/32.
Allis Chalmers
677 58
354
1.
Amer. Can......
1091
1098
Am Car & Foundry
Humble Of
Amer. Cyanad
32+
32)
Int. Nickel
83 831 717 718
Amer, & For. Power
12
121
Int. Tel. & Tel....... 137
Amer. & For, 17 pf.
583
591
Amer. Locomotive
541
55
Amer. Metals
841
68%
Batavia- HS275.
Hong Kong
Amer. Radiator...
201
261
Int. Dept Stores. Kennecott Copper Lambert Corpn....... Loew's Inc.
21
211
77
781
Amer. Rolling Mil
421 414
Lorillard
24}
244
Amer. Smelting
102
LOON
McIntyre Porcupine
Amer. Steel F'dries.. 65
641
McKesson & Robbing .461
461
Amer. Sugar......... Amer. Tel, & Tel... 1751 Amer. Tobacco "B" 83 Amer. Waterworks... 24
484
491
Monsanto Chemical 93
93
-174
833
24
Montgomery Ward.. 661 Murray Corpn. Nat Cash Registor 37
671
171
171
37+
Anaconda Copper ...
651
661
Nat Dairy Products 242
251
Hong Kong
Atchison, T. & S. Fe. 83
84
Nat Distillers.
331
344
Atlantic Refining
341
35
Atlas Corpn.
18
161
Nat Power & Light 114 114 New York Ceritral 51+ 52%
Auburn Motors
30
294.
Niagara Hudson P.
Baldwin Locomotive
Corpn.
151 15
$7 cum. pf......... 118
1174
North American ......
Baltimore & Ohio... 35
383
Barnsdall Oli ...... 32
321
Bendix Aviation
27) 276 Northern Pacifc ..... 332 341 Pacife Gas & Elec. 321 Pacific Lighting
321
451
Bethlehem Steel...... ·993 · 1004 Boeing Airplane 473 461 Borden Co... 27 27 Briggs
M'facturing 491 50% Brooklyn-Manhattan
Packard Motors .... Paramount Pennsylvania R.R 47 481 Phelps Dodge
11
451 11
244
247
+
Phillips Petroleum ... 57
57
Trans
43+
437
Public Service of N.J.
43
438
CHINA
Canton H. Nolasco de Silva, Esq., Macao" JAVA-OBINA-JAPAN LINE York Buikling.
Tel. 28015.
Brooklyn-Manhattan
36 cum pt...... Case, J.I. Canadian Pacific Celanese Corpn. of
America Cerro de Pasco ...... Certain-Teed P'dueta 197
Pullman Inc.
96 * 156"
98
Pure. Ol....
217"
158A
Radio Corpn of Am. 1
114
18
15%
Republic Steel ....
43
442
Reynolds Tobac, "B" 52
521
33:
341
St. Joseph Lead Co.
HK. Fires. $295.
81
811
Schenley
481
50%
Douglases. $35).
201
Scherley 5% pl.
Providents, $2.20.
981 977
Chesapeake Corpn. 831
85
Sears Roebuck
93
943
Providents (New), 20 cts.
Chesapeake & Ohio 631
Chrysler Corpn. ........... 1271 Columbia Gas & El. 16-189
64 127+
Shell Union Oil Boceny-Vacuum
337
324
H.K. Docks, $31.
187
181
Hotels CD. $7.05.
Southern Cal Edison 271
Lands, $35
271
Columbia B "A" pt. 100*
100*
Southern Pacific...
612
Commercial Credit 80%
601
Southern Rly 5% pl. 38
.. 631 403
Humphreys. $81.
Commercial Solventa 187 Commonwealth & S. 3 Commonwealth
192
Stand Brands
151 15ł
31
Stand Gas Elec. 121
Y. Ferries, $25.70:
121
$8
Stand Gas & Mec.
cum, pf.
Consolidated Edison 401
Consolidated Olt
LINE
130
Du Pont
Electric Boat
Elec. Bond & Share
2nd April
Sailings to US.A
27th Mar.
13th April
27th April
יין
Gen. Motors · 531
55
Gen. Railway Signa!
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50
68
401
Standard Oll of N.J.
73
08" 731
Telephones (Old), $30.10.
17
Sterling Products
€5
* 66
Cements, $14.40.
441
Swift
International
311
"31
Ropes, $41.
49
Technicolor
23
23
Dairy Farms, CD.,' $287.
71
Texas Gulf Sulphur 397
391
Entertainments, $4
22
Tidewater "Assoc. Oil
201
227
Timken-Detroit Axle
261
Transamerica.....
161
132
20th Cent. Fox Films
39%
201 25% 16 391
Nanyang Tobaccos, $7.10.
Watsons, $5.40:
United Paracale, $1.55
SELLERS
20th Cent. Fox Filma
Providents, $2.30.
281
pf.
49
401
65
Un. Carbide & Car
Watsons, $51
1707 169
bon
SALES
1061 107
134
Va. Pacific.......
144 148
23
United Aircraft
331
331
Banks, $1.855/60. Douglases, $2.17).
Un. Airline Trans-
*74*
823."
817*
23,
port
United Corpn.
cum pf.
21
214
United Corpo. #3
#
61
Providents, $2.20/2.25/ Lands, $36. Trams, $15.
1
* |n
42
Un.
Gas Iprovem't
144
141
39 #
40
Un, Light & power
427
"A"
U.S. Industrial Alco-
81
462"
hol
39
40
59
US. Rubber
85
671
FI
421
U.S. Rubber $8 pf. 108.
108
65% UB. Steel
121
1217
RUBBER QUOTAS
Vanadium
361
371
Warner Bros Pict....
15
151
Westinghouse
Sec. 146
148
Youngstown
Sheet
473* 483
& Tube
'481
87
481
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13
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE Sailings
Frendent Lines" fraquens wallings and their unique stopover privileges allow you to travel Jow exactly as you chover. And Dollar Bleamship Line and American Mail Line worldwide offices anil agusta are maintained to serve you ashore in whatever place, YOU chance to be. Make your next trip wars enjoyable, travelling "The Presidens Line way."
TO SAN FRANCISCO NEW YORK AND BOSTON
Tla Shanghai, Kobe, Yokohama. Honolulu, San Francisco, Pan&DIN
TO SEATTLE, VIËTORIA * "THE EXPRESS ROUTE"
Via Shanghai, Kobe and
Yokohama
Canal and Havana. § Pres. Cleveland M'night Mar. 24th Pres. Grant M'aight Mar 26th Pres, Coolidga Noon Apr. 18th Pres. Jackson M'night Apr. 9th Pres, Taft 8am. Apr. 21st Pres. Jefferson M'night Apr. 23rd Pres. Hoover Noon May hit Pres. McKinley M'night May 7th Pros. Lincoln 8am. May 19th Pres. Grant M'night May slet Prea. Coolidge
Noon June 3rd Pres, Jackson M'night June 4th
MANILA
EUROPE, NEW YORK
THE HOST FREQUENT SERVICE
Next Sailing
Via Manila, Singapore, Penang, Colombo, Bombay, Suez Canal, Naples, Genoa and Marseliles. Pres. Adama 8 a.. Mar. 31st Pres. Grant Pres. Harrison. 8mm. Apr. 11th | Pres. Adams Fren. Polk
6p.m. Mar. 20th Ban. Mar. 31st 8 m. Apr. 95th | Pros. Jackson 6 p.m. "Apr. 3rd Ba.m. May 9th | Pra Barrizon 6 âm. Apr. 11th Pres. Van Buren 8am. May 23rd Pres. Coolidge 9 p.m. Apr. 11th Pre, Garfield 8 am. Jone 8th || Pros. Taft 8 p.m. Apr. 14th
Prea, Pierce
MOST FREQUENT BRETICE ON THE PACIFIC
DOLLAR STEAMSHIP. LINES
•
* AMERICAN⚫ MAIL LINE *
PIDDER BUILDING- HONG KONG.
•
CANTON BRANCH ~~2), TRENON CI NOI BBION, KEÄME) N.
LINE
"
BURNS PHILP
M.V. NEPTUNA
Land Debentures, $1021.
Trams, $14.90.
China Lights (Old), $14.00.
Electrics, $587.
Y. Ferries, $254.
11
China Lights (Old), $14.50.
Telephones (Old), $304.
Ropes, $41/80.
Watsons, $51.
Paracale Gumais, $1.06/1.084.
PASSENGER & FREIGHT SERVICE TO AUSTRALIA
Sailing Sunday, 21st March at 5 P.M."
for Saigon, Manila, Sandakan, Salamana, Rabaul, Sydney & Melbourne.
First Class Fare 10 Sydney:
Single: 47.10.0d.
Passenger & Freight Agents:-
Return:
£76.
D-0.
GIBB, LIVINGSTON & CO., LTD. Telephone No. 2803 !!
P. & O. Building.
Joint Passenger Agents:→→
Nippon Yusen Kaisha
King'■ Building.
Sir Josiah Stamp On
Future Trade
MODERN
LIJN EXPRESS SERVICE
MAERSK LINE
Fast regular FREIGHT and
PASSENGER SERVICE
Shanghai, and Japan
to
LOS ANGELES, PANAMA, NEW YORK, BOSTON,
PHILADELPHIA & BALTIMORE.
If ancient inducsiment offeri also other ports of call.
Arrivals from ÜS.A.
M.V. "ANNA MAERSK"
28th Mar... M.V. "TASMANIA"
M.V. "GERTRUDE MAERSK"
(All dates are subject to alteration without notice.)
EXCELLENT ACCOMMODATION FOR PASSENGEPS
AT MODERATE RATES.
For Freight and Passage' please apply:—
JEBSEN & CO.
Canton, Shameen, B.C.
Tel. 10916,
Agents. Hong Kong, Pedder Building
Tel. 28363.
S.S. "BENDORAN"
Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG, HULL and LEITH on or about the 9th April.
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
Next Sailing for SHANGHAI & JAPAN S.S. "BENGLOE " 5th April.
For Freight and Passage apply to:-
W. R. LOXLEY & CO., (CHINA) LTD., York Building.
Tel. 99533
Agente
THE BEN LINE STEAMERS, LTD.
Continental On Corn. Products Curtiss Wright (C.)
Curtiss Weight "A"
Delaware & Hudson 22
Del. Lackawanna &-
Western Distillers Corph Sea.
ETOME Douglas Aircraft
Elec. Bond & Share 231
$5 pi...... Elec. Bond & Share
se pt........
Elec Power & Light
Bec Power & Light
$7 pt.
Firestone Tire & R 414 Fiintkote
fen, Asphalt Gen. Cigar Gen, Electric Gen. Foods
Gillette Safety Razor 281 271 Glidden
Gold Dust
Goodrich (BF)
Goodrich $5 pf. Goodyear
ANGLO-SPANISH TRADE
London, Mar. 16.
951 .951 Chase National Bk. 95. 59 * National City Bank : 557. 55* Call Money
1% 1% Bid
NEW GERMAN LOAN OVELSUBSCRIBED
though at the moment the so- Falled balance of trade might be against us It would have its in-
London, Mar. 16. The International Rubber. Re- gulation Committee had fixed the Sir Josiah Stamp, speaking re- We must not be afraid of a con- following per centage of basic que-cently at the luncheon of the in-siderable increase in our imports; tas for 1937 as permissible expor- nual conference of the National table amount, namely for, the sec- Chamber of Trade, said the two and half of 1837 at 90 per cent most important recent economic Under the scheme of the regula facts were devaluation by the gold tion, it is open to the committee "blo" mabling those countries Quence on our exports before very to revise their decision as regards the permissible exportable amount from time to time, if for any rea- son this should, in their opinion, be desirable. As to present, the next meeting will be held on April 27, 1937, British Wireless.
pound,
Applications Permitted For In replying to the request ro information regarding the visit of
Extra 200,000,000 Rm. Mr. Fraser of the Board of Trade to Burgus, Dr. Burgin stated in the Applications for the new 45 her
London, Mar. 16. House of Commons that the ab- cent. Relch loan, the subscription
Following the announcement of ject of the visit was to discuss list of which is due to close on
the Rubber Regulation Commit with the representatives of Gener-March 18, has been so heavy that tee, the spot price of rubber ad- a) Franco's Administration various it is clear that the amount of 400,-
vanced to 1/0 3/8 per questions of detail connected with | 000,000 Reichsmarks offered to the which is the highest since. March their informal assurances regard- | publle will be very much over-sub- 1929. On the stock exchange there Ing the future trade between the scribed.
were substantial rises in rubber United Kingdom and the area of
shares... Under these circumstances, the British Wireless. Spain under control of General government has decided to permit Franco. The questions arising on the issuing consortium to accept trade with the area under the con- applications for a further 200,000, trol of the Spanish Government 000 Relchsmarks..
www.was announced. The total amount had been discussed with the re- Originally, the loan was for 500,- which the presentatives of that Government 000,000 Relchmarks of which 100 through this issue for the con- Reich will obtain 000,000 Reichsmarks had been solidation of short-term loans will taken up by banks before, the loan be 700,000,000 Reichsmarks.
in London, British Wireten.
concerned to join the upward long trend of business, and second, the disappearance of the "overhang" in soon brought about it would im- If an increase in our exports was wheat, which for some years had prove less progressive industries at had a bad effect upon agricultural home, melt away some of the most prices and prosperity, reducing obstinate
unemployment, money purchasing power over wide greatly increase purchasing power areas.
effect on retall and distributive
and
The new equilibrium between raw | trades material prices and other. prices The retail and distributive tradea would gradually improve purchas- were in the last resort the test of ng power of considerable sections the standard of life, and the and their solvency. This would ultimate result of the working of make for larger international the ecomic machine. It the effort trade
of the rest of the community was The year 1836, for total domestic i not ultimately registered there, production, was in advance of 1935 | that effort must be largely ineffec- by perhaps nine per cent, and tive there was no reason why this rate Measured by gross production, should slacken.
the average standard of life, bad been rising since the pre-War VERFA very rapidly. Further advances could be made which would make distribution of the product of In- all the disputes about the present dustry, seem trivial and portant.
INTEREST ON SECURITIES In several years' time interest on spense ought to be paid again, and securities that had been in su new confidence would come into international lending.
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