THE
CHINA-SIAM
HONG KONG-BANGKOK
LINE.
•*. *}¤IBAM*. leaving Hong Kong 25th April via Swatow B.."HELIOS"
leaving Hong Kong
18th April
BÓNG KONG SWATOW AMOX
m.s. "HAI LEE*
leaving Hong Kong | 14th April m.s. "HAI BING" leaving Hong Kong 1st May Accepting Passengers & Cargo for all the abure metioned porta.
HONG KONG
་
SINGAPORE-PENANG-RANGOON
Regular Express Service
m.8. HAI LEE" leaving Hong Kong 20th April Accepting cargo for all the above mentioned ports.
Excellent passenger accommodation available. `For freight, pamage rates and all other information-Apply to-
-
THORESEN & CO., LTD.
Tel. 30237.
General Agents.
Queen's Building.
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
C6
S.S. BENVENUE".
14th April.
S.S. "BENRINNES ›› 17 April.
For Freight und Pasauge apply to :-----
Tel. 22533
W. R. LOXLEY & CO., (CHINA) LTD."
York Building.
Agente
THE BEN LINE STEAMERS, LTD,
NOTICE TO CONSIGNEES
OCEAN STEAM SHIP CO., LTD.
AND
CHINA MUTUAL STEAM NAVIGATION CO., LTD.
CONSIGNES per Vessel
"PERSEUS"
FROM UNITED KINGDOM VIA BINGAPORE
ars hereby notified that their Cargo will be
discharged into Halt Wharf, Kowloon, where it will lie at Consignees risk and subject to Terms and Conditions of Storage st Holt's Wharf. The Cargo will be ready for Delivery from Godown and after 8th April.
Optional Cargo will not be landed here, unless Notice has been given prior to Vamol's arrival, but married on from port to port to the final port of call to which the option extends.
ATO
All broken, chafed and damaged Goods to be left in the Godowns, where they will be xxamined on xay Tuesday, and Fridays between the hours of 10.45 L.M. and Noos withic the Free Storage period.
No Claims will be admitted after the Goods have left the Vessel's Godown and all Goods remaining undelivered after the 15th April, will be subject to Bent.
All Claims against the Vessel must be presented to the Undersigned on or before the 29th April or they will ugt
recognised.
be
No Fire Insurance will be affected.
BUTTERFIELD & SWIRE
8th April, 1937.
Agents,
!
SUNKEN SHIPS MORE VALUABLE NOW
Scrap Metal Demand
i
HÒNG KONG DAILY PRESS, FRIDAY, APRIL 9, 1937.
AMERICAN
PRICES
AND MONEY
Problems Of The Shipyards
Mr. Wallace, the American Sec- retary of Agriculture, Mr, Eccles, the chairman of the Federal Re- serve Board, and Mr. Daniel C. Roper, the Secretary of Commerce, have lately expressed concern over. the possibility of another boom developing in the United States, to be followed later by a depression.
The reason for this concern is the rapid rise in commodiçles, which in America has carried the price level, according to Moody's index number, up to 221, compared with 100 at the end of 1931. It used to be said during the de- pression period that prices could be raised by monetary methods, and every device was resorted to to make money cheap in order to "But raise prices.
though the American problem has entirely changed, a reverat polley is not contemplated.
of monetary
Mr. Eccles apparently tears that
If the sharp rise in basic com modities were controlled by a reg- trictive monetary policy, other undesirable results might ensue, and now seems anxious to suggest, that the rise in prices has not been due to monetary factors. He also holds that the safest way to con- trol unjustified 'price increases is to expand production, and that cheap money is necessary to achieve this. This may be true, but If the Ameri- can authorities wish to control the price structure they should not forgo the use of what may prove to be their most powerful weapon. SIR. CHARLES ADDIS'S VIEWS
Experience leaves little room for doubt that one of the main causes of the rise in prices in America, as in this country. has been the depreciation of the currency, for although the depreciation takes effect first in terms of gold it la only a matter of time before the depreciation also becomes effective In terms of other commodities. In his speech in Paris recently Bir Charles. Addis, the distinguished
As a result of scap metal, short- banker, rendered a notable service age, sunken skipa have appreciat-in drawing attention to the limita- ed considerably in value during tions of exchange and monetary salvage operations.
controls. As he pointed out, the more successfully these controls are operated the more the public is left in ignorance of what is really going on. In other words. control may serve to obscure what should be revealed,
It is nearly 18 years since the German High Seas Fleet was scuttled at Scapa Flow. The eight big ships which still le under water
of much greater potential value as scrap to-day than they were a few years or even months ago.
are
But it is doubtful how many are salvageable. An omclal of Metal Industries Ltd. at Roxyth said that only three of them were "reason
One might be able propsitions." raised this year.
"
COAL INDUSTRY
London, Apr. 7.
#
The coal industry la beginnng to enjoy Its share of prosperity which returned sooner to other industries. It is calculated that wages paid to miners in 1936 total- led £94,190,149, compared with £85,284,004 in the previous veer.- British Wirecens.
BRITAIN ABOLISHES ***PIG-IRON DUTY
Treasury Move To Ease Shortage: Steel Tariff Cut By Half
The Treasury has taken action to relieve the shortage of iron and steel caused by the world-wide growth in demand
It was announced "that, from March 4:
the present level of world prices make it unprofitable to import pig- tron from foreign sources.
Steps to Increase Supplies
In Sir Charles Addis's opinion de facto stability of currencies is not enough, and he declared that it would be idle to look for any per- trude manent recovery in world
bad until the currencies
been stabilized de jure. Speaking of the gold standard, he said he was not prepared to admit that all the virtues had gone out of principles that embodied the accumulated
wisdom of the past. Certainly
there 18
no case for abandoning these principles simply because during the War and after every sound principle of currency and credit had to be violated owing to the exigencies of war.
ENGLISH CURRENCY IN GIBRALTAR
Gibraltar, April 78. The British authorities have orders that from June 1. English bank notes and chins will be sole valid currency in the territory of | Gibraltar, · This is tantamount"to elimination of Spanish money as legal tender in Gibraltar.——" fransocean News Servica
WHOLESALE PRICES
London, April 7.
The Board of Trade index of
The Committee is satisfied that wholesale prices in March shows
NEW YORK STOCK EXCHANGE
New York: April 8.
(Through Router's Service?
QUOTATIONS
New York/London Crow-rate Now York Cotton-May New York Rubber-May Chicago Whoat-May Chicago Corn May Silver Oficial
"
Dow Jones Averages.
50 Industrials
20 Railz
20 Utilities
40 Bonds
37.79
11 Commodity Index 8244
Stocka
Adams Express
Allis Chalmers ....... Amer, Can
Am. Car & Foundry
Trans
Lest Today's High Low Close Close Changs
4.90-13/32 4.89-15/39 15/16 off 14.10 1388 1484 13.91 .33 off 25.14.34.01 -21.78 24.57 1.91 off
187 1231 1961 197) 191 118 120 121
Last Bale
Apr. 6
7
Loew's Inc. .................. 80 771
231 23
Murray Corpn. 174 161
271
DOLLAR
13
STEAMSHIP LINES. AMERICAN MAIL LINE Sailings
President Liners) frequens adflags and their unique stapover pelysages allow you to travel just exantly as you choose; And Dollar Bienmship Lines and American Mail Lin marktwidu omors and agente un maintained 19 merve you, anbote in whatever place you chance to be, Mike gaue next trip mora enjoyable, travelling "The President Lina wa?
TO SEATTLE, VICTORIA "THE EXPRESS ROUTE
TO SAN FRANCISCO NEW YORK AND BOSTON
Via Shanghal, Kobe, Yakobama. Honolulu, San Francisco, Panama
Canal and Havana. Pres. Coolidge 10 s.m. Apr. 20th Prea, Taft Fm. Apr. 21st Noon May 1st 8am. May 19th Noon June 3rd 8. June 16th
EUROPE, NEW YORK
Pres. Polk Pres. Pierce
Via Shanghai, Kobe and
Yokohama
Prez, Jackson M'night Apr. 10th Pres. Jefferson M'night Apr. 23rd Pres. McKinley M'night May 7th Fros. Grant M'night May 21st Proa, Jackson M'night June 4th Pres Jefferson, M'night June 18th MANILA
"
THE MOST FREQUENT
SERVICETM
Via Manila, Singapore, Fenang, Colombo, Fombay, Buez Canal.
Next Sailings Naples, Genos and Marseilles. Pres. Harrison Noon Apr. 13th Prea Coolidge 6.m. Apr. 13th 8. Apr. 16th Free Harrison Noon Apr. 13th Ba.m. May 9th Pres. Taft M'night Apr. 13th Pres. Van Buren fam. May 2rd Pros. Jefferson 6 p.m. Apr. 17th Pree. Garfield 8.m. June 6th Pres. Hoover 2 p.m. Apr. 23rd Pres. Hayes 8 a.m. Jáno 20th Pros. Polk 8.m. Apr. 25th
MOST FREQUENT SERVICE ON THE PACIFIC
DOLLAR STEAMSHIP. LINES * AMERICAN • MAIL LINE
Pros. TUEDnG HỎNG TONG .
QAYTON BRANOR —$1, FRENCH CONCEBRION, BRAMEEN.
NORDDEUTSCHER LLOYD
BREMEN.
HE Steamer
10% THE
"POTSDAM" having arrived from BREMEN, HAMBURG And Porte, consignees of cargo are hereby notified that their cargo is being landed at their risk into the godowns of The Hong Kong & Kowloon Wharf & Godown Co., Ltd., Where delivery can be
All goods remaining undelivered after the 15th April, 1937, will be aubject to rent.
of
up
48 for
1938 High Low April 6: 195.6 86.51 18.88
April 7.
66.08 27.31 80.08
18,48 31,81
108 02
84.65 101.19 %. 41.98 80.79
High Low Close Change 182.13 177.68 178.07 481 of 60.07 58.00 38.36 1.83 of 31.71 30 85 3.08 .63 of 100.94 .18 of 70.04 1.90 off
Business Done:-1,290,000 shares.
Lost Sale
Apr. 6
7
Stocks
Pres. Hoover Pros. Lincoln Pruse Coolidge Pros. Wilson
20
18]
Great Northern Rly. 50
48
63)
643
Great Western Buga: 369
357
108
107
Holly Sugar Corpn.
Humble Oil
80 *
80
1
Amer. Oyanamid ....
·Amer, & For. Power 101 Amer. & For. $7 pt. 58) Amer. Locomotive ... 50 Amer. Metals........... Amer. Radiator"..... 241 Amer, Rolling Mill.. 393 Amer. Smelting..... 921 Amer. Steel Fdries.. 601 Amer. Sugar
313
31
Int. Nickel
661
30
571
Int. Tel. & Tel.... 121 12 "Int. Dept Stores
307
301
471
Kennecott Copper
60
552
Lambert Corpn. ......
592 56 131
12
24
37
89
Lorillard McIntyre Porcupine
591
McKesson & Robbing *8** 464
522
51
Amer. Tel. & Tel... 171.' Amer, Tobacco "B" 83 Amer. Waterworks ... 221
60 Anaconda Copper ... Atchison. &8, Fe. 81 Atlantic Redning 331 Atlas Corpn........... 172 Auburn Motors
31 Baldwin Locomotive
170
Monsanto Chemical 91 Montgomery Ward . 60
91
561
822
21
Nat Cash Registor
271
501
Nat Dairy Products 241 231
794
Nat Distillers
331
317
321
J71
Nat Power & Light 11 New York Central
101
497 461
31
$7 cum, pl. ... 110. Baltimore & Oble... 36 Barnsdali O1 Bendix Aviation
103 *
347
321
311
Niagara Hodson. P.
Corpn. North American .... 25 Northern Pacifc ... 310 Pacific Gas & Elec. 32
41
13
25
291
31+
Pacific Lighting
47
461
Bethlehem Steel Boeing Airplane Borden Co............ 28+ Briggs Mfacturing 43 "475 Brooklyn-Manhattan -
95
901
40
384
Packard Motors Paramount....... 241
....... 11-
234
261
Pennsylvania R.R. Phelps Dodge ........ Phillip Petroleum .. 581
481
451
551
$2
401
Public Service of N.J. 441
44
Puilman Inc. *******
981
95 *
Pure OU
214
191
163
160
Radio Corp of Am. 114
101
14
149
Republic Steel
454
437
..
Reynolds Tobac, “B” 51j
51
329
St. Joseph. Lead Co.
731 174
Schenley
473
47..
Schenley 54% pl. Sears Roebuck....... 831
961
B01
854
502
Shell Union Of ...... 32
301
117
15
Southern Cal Edison 28
Socony-Vacuum **** 103
181
28+
07
Southern Pacific... 391
371
3
581 16+ '3
Southern Rly 5% pf 521
51
Stand Brands
147
141
59
Stand Gas & Elec. 104 Stand Gas & Flec
ST pl.
101
644 63
381
Standard Oil of N.J. 711
661
161
Sterling Products ... 661
45 65
43
Swift International 321
.321
641 61
Technicolor
**
201
201
Texas Gulf Sulphur 401
40
181
194
Tidewater Assoc., Oli 194 Timken-Detroit Axle 241
181
24
·Transamerica
162 161
1224 Distillers Carpn' Sea-
grams Douglas Aircraft ...... Du Pont
1172
251
241
20th Cent. Fox Films 371 20th Cent. Fox Films
pf.
371
471
48**
58
551
Uni.. Carbide & Car-
157+
154
bon
1011 981
Electric Boat
12
111
Un. Pacific
1431 141 *
Elec. Bond & Share 214 Elec. Bond & Share
$5 pi.....
20)
United Aircraft
301
281
Un. Airline Trans-
*
Elec. Band & Sharo 881"
.38 pí.
79 Elec Power & Light 224 Mec Power & Light
$y pi.......
691* 781
port United Corpn.
197
173
8
United
Corpn.
$3
214
cum pl.'..................... 417
- 414
Un. Gas Tprovemt 14
131
371
35+
· Un- Light- & power
Firestone Tire & R 401
40
"A".
Pliatkote
US. Industrial "Alco- 77
Gen, Asphalt
451
451*
hol
401 39
Gen. Cigar
551
44
U.S. Rubber
66
Gen. Electric ...........
421
411
UB. Rubber $8 p. 1031
100
Gen. Food
81
591
UA. Steel'
117 111
Gen. Motors
521
.511
Vanadium
35+ 32+
Warner Bros Plet,
149
143
24
Westinghouse
Elec. 1991
1347
Youngstown
Shee1..
441*
451
& Tube
917-871
Goodrich (BT) ....... Goodrich $5 på Goodyear
accesareusesa
481 351* 431
・
Chase National Bk. '57"
561*
843
National City Bank 511"
60%"
401
Call Money
2%
1%
1 ex. div.
•Bid
Brooklyn-Mannattan
a cum pi. Case, JL Canadian Paciic Celanese Corpn. of
America
354 Cerro de Peaco...... 77 Certain Teed P'ducta 17 Chesapeake
Corpn. 851 Chesapeake & Ohio 81 Obrysler Corp. 123 Columbia Gas & El 15 Columbia 8% “A” pl. 97° Credit 591 Commercial Commercial Solvents 171 Commonwealth & 8. $6 Commonwealth "
cum, pi. Consolidated Edison 3912 Consolidated Ou
171 Continental Out...... Corn. Products....... Curtiss Wright (C) Curtiss Wright “A” 19). Delaware & Hudson 201 Del Lackawanna &
Western
Gen. Railway Signal Gillette Safety Razor 241 Glidden Gold Dust
WORLD'S SUGAR PRODUCTION
London, April 7.
The Sugar Conference Bureau
-+% $ga¤¤¤F# ¤×*****¤¤ 2פ¤¤¤** ** **** *⠀⠀⠀¤#6@E¤ °⠀⠀⠀89F×5 • ** ** ** ***8* CRES
surveyors.
NO FIRE INSURANCE will be effected by us in any case whatever,
Damaged packages must be left in the godown for examination by the consignees and the Company's surve rors, Mesara. Anderson & Ashe, at 10- a.m. on the 14th April, 1937.
Consignees must have a Revenus Officer in attendance when damaged dutiable Campanoods are examined by the No claim will be admitted after the goods, bave left the godown and all claims must be presented within Two Weeks of the ship's arrival here, after which date they will not be recognised. Consignees are requested to sur- render their Bill of Lading to the undersigned for countersignature. MELCHERS & ¤0,"
Agents: NORDDEUTSCHER LLOYD, BRIMEN, Hong Kong, eth April, 1937.
[6178
CONSIGNEES' NOTICE.
THE BEN LINE STEAMERS, LTD.
From LEITH. MIDDLESBRO‘. ANTWERP, LONDON AND STRAITS...
THE 8.9. BENGLOE"
ONSIGNEES of Cargo are hereby Normed that all doods are being
·fanded at their risk into the hazardóns 81 and/or extra hazardous Godown's of the Horo Kosé AED KOWLOON' WRÁNY AND GODOWN COMPANY, LTD, whence and/or from the wharvos' Delivery, maybe obtained.
No Claims will be admitted after the Hoods have left the Gotowns, and all Goods remaining undelivered after the 13th April, 1987, will be subject to rent All Úlaims against the Steamer must be presented to the Undersigned of dr before the 27th April, 1937, or they will not be
recognised To comply with the General Bonded Warehouse Regulations consignees must have a Berenue Officer in atten: dance when damaged dutiable goods
·arė examined.
SCHÄCHT'S TRIP TO BRUSSELS
Berlin, April 7, The duty of 33 1/3 per cent on tish Iron and Steel Federation to any month since the upward world
the steps being taken by the Bri- the largest recorded increase for to-day agreed to submit for the Much is made in foreign papers imported plg-iron would be drop-
delegates approval the about the projected trip to Brus- ensure that, so far as possible, sap-movement began in June ped; and...!
1938. figure 3.170,000 metric tons for the sels of Dr. Hjalmar Schacht, where The duty on iron and steel pro-plies are adequate, and that prices The Index was 3.3 per cent, higher crop year as recommended by the he will meet Van Zeeland, Foreign
not unreasonably increased, than in February.- ducts imported with a quota cert!- Acate and a certificate of origin will be facilitated by the removal British Wireless.
would be reduced from 20 to 10 per
cent
The Import Duties Advisory
are
of the duty, pending the develop- ments which are taking place to increase the supplies from home.
and Empire sources. Committee, in a report recom- mending these changes, states that For the time, being, the Commit- the demand for iron and steel, tes adds, the world demand for both in the United Kingdom and iron and steel products tends to abroad, has risen very rapidly dur-outrun supply.
ing recent months, Difficulties The competition of the consum- have arisen in obtaining adequate ing countries to obtain available supplies of pig-iron, and scrap.c supplies may, consequently, make The demand for pig-iron, parti- | it difficult for the United Kingdom cularly for steel making, now ex- to secure the supplies required to ceeds supplies available from the augment home production."," "with- United Kingdom and other parts out stimultating a rise of prices to of the Empire, while the duty and an unduly high level.
REICHSMARK. RATES
Berlin, April 7.“ The Reichsmark was, quoted, without guarantee, at:--
New York, 40.32 Paris, 876- Amsterdam, 73.42.. London, 12.30,
• Paris sterling 106.45 to 108.48 Paris USA dollars 21.71: to
21.715
Transocian News Service,
statistical experts committee, to Minister Spaak and prominent meet the needs of "a free market," Belglari industrialiste and' finan- namely, the needs which are not clers.
་
..
met by the production of colonies 'It is, however, pointed out here. enjoying preferential treatment. that this is merely a courtesy visit The figure decided on by the to M. Franck, Governor of the Bureau is 80,000 tons below the Belgian National Bank needs of the free market, as es- In view of the fact that Ger- timated by the International many has always adopted the Sugar Committee in March. That standpoint that common sense in figure was 5,250,000 metric tonë. business and world trade should
The Conference must decide take the place of helpless protec how this diminished amount shall tionism, It is taken for granted be allocated to the countries re- that Dr. Schacht is closely follow presented at the conference," ing the developments in connection Dr. H. Collin, the Dutch Prime with Paul van Zeeland's world trade Minister, left for Holland this enquiries. evening.-- (ruler,
Transocean News Service
All broken, chafed and damaged Goods are to be left in the Godowns, where they will be examined on the 10th Apr, 1957, at De.m., by Mesars. Carmicheal „& CIMEK, ?^7015
No Fire Inwarance has been effected. Bills * of Lading will be countersigned by W.BLOXLEY & CO. (CHINA) LTD,
Map: Agente M Bong Kong, 6th Aprif, 1987,
(5174
ALFRED DUNHILL TV LIMITED*
Pipe-Smoking Prosperity
|
CONSIGNEE NOTICES.
NORDDEUTSCHER LLOYD BREMEN.
THE Steamer
"LAHN" having arrived from BREMEN, HAMBURG, and Ports, Consignees of Cargo are hereby notified that their cargo is being landed at their risk into the Godowns of The Hong Kong & Kowloon Wharf and Godown Co., Ltd., Kowloon, where delivery can be obtsized.
All goods remaining undelivered after the 14th April, 1937, "will be subject to rent.
NO FIRE INSURANCE will be effected by us in any case whatever.
Damaged packages must be left in the godown, for examination by the con Messrs. Anderson & Aabo, at 10 nm, on signees and the Company's sarveyore, the 13th April, 1937.
Oficer in attendance when damaged Consignees must have a Revenue dutiable goods are examined by the Company's surveyors.
claim will be admitted after the goods have left the godown and all claims must be presented within. Two Werks of the ship's arrival here, after which date they will not be recognised.
Consignees are requested to surrender their Bill of Lading to the undersigned for countersignature.
MELCHERS & 00.. Agenta: NORDDRUMACEIRʼLLOYD, BRIKEN, Hong Kong, 7th April, 1937. (1176
SERVICES CONTRACTUELS DES. MESSAGEKIES MARITIMES
CONSIGNEE NOTICE
8.9. "ANDRE LEBON" BRINGING CARGO FRO MARSEILLES, vis Ports, etc.
ARRIVED HONG KONG ON SUN- DAY, TH APRIL, 1937,
that their goods with the exception NONSIGNE ES are hereby informed
of Opium, Treasure "and Valuables are teing 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 ma an or before the 1th April, 1937, or they will not be recognized.
Damaged Packages will be examined by the Company Surveyor, Mesare, Goddard & Douglas in the prosence of the Consignees at 10.00 sm, on Satur- day, the 10th April, 1837.
Consignees must have a Revenue of cer in attendance when any datiable goods are examined by the Company's Surveyors.
No Fire insurance will be effected by *us in any case whatever.
R. OEL
Agent. Hong Kong, 4th April, 1937,
last year and the highest since 1029. We recommend the pay- ment of a finai dividend of 7 per cent, making 10 per cent, for the year, and after this is pald there is a sufficient surplus for The Fourteenth Ordinary Gen- us to recommend the payment of eral Meeting of Alfred Dunhill a bonus of 75 per cent, a total Limited was held recently at distribution for the year of 171 Dorland · House, 14-16, Regent percent. After the proposed Street, 6.When waletribution the sum carried for- Mr Danhill (the chairman ward will be increased by £248, sald-The accounts show that making £70300, which, together the pront we have made amounts with our reserve, is ample for our to £45.237-£10,204 more than anticipated needs
No comments yet.
Private notes are available after approval.