1937-04-30 — Page 13

THE

5.8.

225.

CHINA-SIAM

"HELLAS"

HELIOS"

"HIRAM”

LINE.

5th May via Swatow 12th May via Swatow 23rd May via Swatów

1st May 13th May

HONG KONG-BANGKOK

leaving Hong Kong leaving Hong Kong leaving Hong Kong HONG KONG SWATOW—AMOY KHẾ “HẢI BING” leaving Hong Kong m.s."HAI LEE" leaving Hong Kong Accepting Passengers & Cargo for all the above metioned ports. HONG KONG SINGAPORE-PENANG-BANGOÖN Regular Express Service 1.8.HAT HING" leaving Hong Kong ma “HAI LEE” leaving Hong Kong 21st Mav Accepting cargo for all the above mentioned ports.

Excollerit passenger accommodation available.

HONG KONG DAILY PRESS, FRIDAY, APRIL 30, 1937.

THE EXCHANGE

MARKET

MESSRS. ROZA BROS.

Hong Kong, Apr. 29. Saver prices rose 3/16 yesterday for both deliverles, the quotations being 20 7/16 for Ready and 20 1/2 for Forward. Silver advices re-

ported some speculative buying. The market closed steady. After the official fixing there were some buying inquiries on the part of speculators at the fixed mate. Ameican Silver was quoted at 45 3/8 for Spot.

NEW YORK STOCK EXCHANGE

New York: April 19.

(Through Renter's Bervice!

QUOTATIONS

New York/Londer, Cross rate Now York Cotton-July Dec. New York Rublar-July- Chicago Wheat July Chicago Corn -July Silver-Oficial

1930/7

Last Today's High Low Close Close Change

4,04, 4.04-13/31 13/31 up 13.17 1896 13.28 · 19.98 .38 off 19.8 12.68 1997 12.70.87 off 29.23 20.81 99,47 90.83 1.46 of

117+ !14 117 117 119 118 117 118

High Low Dow Jones Averages 194.40 14211 30 Industrial

$4.48 40.66 20 Rale

45

up #up

174.89

87,90

7th May

The London-New York CTORS-

New rate was quoted at 494.22. York-London was quoted at 4947 13/32.

37.54 26.23 20 Utilities

C6.01 98.92 40 Bonds

29.40 100.83

April ga. April 27. High Low Clone Change

173.78 188.77 170,13 439 6f |!

57.01 50.86 56.61 1.35 of 19.36 28.15 23:38, 104 off

100.79

.04 off

89244 68.58 11 Commodity Index 75.64

74.84 1,00 off Business Dono:—9,630,000. sharon,

11

MARKET

Steady, but inactive.

STERLING

Btocka Adams Express Allis Chalmers

Last sale Apr 27 28

17} 161 661 641 1003 - 2004

271,

8

Int. Dept Stores

For freight, przusage rates and all other information-Apply to:- THORESEN & CO., LTD.

Tal. 30937.

General Agents,

Queen's Building.

S.S. “BENGLOE"

"Sailing for

LONDON,"

ROTTERDAM, ANTWERP, HAMBURG and LEITH on. or

about the 9th May.

Cargo will also be accepted on through Bill

of Lading to the usual transhipment ports.

tl

S.S.

威霸

Next Sailing to MANILA

· BENREOCH"

3rd May.

Next Sailing for SHANGHAI & JAPAN ·

S.S. “BENARTY

For Freight and Passage apply to:-

Tel. 22533

8th May..

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

York Building: Agonini

THE BEN LINE STEAMERS, LTD.

CHEMISTS FEAR SHIPPING LINE

NEW TAXES

Effect On Patent Medicines

WELCOME BY DOCTORS

FORCED TO BUY

FOREIGN COAL

+

Difficulties of shipping, compan- les due to the coal and oil contro- versy was mentioned recently by Mr. Philip Haldin, Chairman, at the meeting of the Lamport and Holt Line, Limited, at Winchester House, Old Broad-street, E.C.

"The coal position is an enigma

us," he said

for

near

A small business was done at 1/2 15/16

delivery. There were sellers at 1/2 20/32 Cash-. December, buyers at 1/2 15/16 for any delivery.

U.S. DOLLARS Nothing doing. There were sel- lers at 30 11/16 Aprfi-May and 30, 5/8

and probably June-August September, buyers at 30 3/4 Cast- June and 30 11/18 July-Sepember.

SHANGHAI DOLLARS

A small business was done at 102 11/16 for cash. There were sellers at 102.5/8, buyers at, 102 5/8. buyers at 102 3/4 for cash.

SHANGHAI MARKET

There were sellers of Stering at 1/2 1/2. buyers at 1/2 17/32 for Spot. U.S. Dollars, sellers at 29 7/8, buyers at 29 15/15 for cash. IN THE AFTERNOON The market was quiet in the afternoon, Anishing with sellers at 1/2 29/32 April-December, buyers

at 1/2 15/16 for any delivery.

U.S. DOLLARS.

"

*

A small business was done at 30 5/8 October. The market closed with sellers at 30 11/16 April-May,

Amer, Can

Am. Car & Foundry Amer. "Cyanamid Amer, & For. Power

Amer. & For. $7 pt. 561

Amer. Locomotive ...

Amer. Metals Amer. Radiator

Amer, Rolling Mill.. 351 Amer. Smalting"... Amer. Steel F*dries.. 531 Amer. Sugar cooke Amer. Tel & Tel... 1041 Amer, Tobacco "B" 81 Amer. Waterworks ... Anaconda Copper Atchison, T. & S. Fe. 83 Atlantic Reining Atlas Corpn. ....... Auburn Motora.... Baldwin Locomotiva

$7 cum. pf. " 1014. Baltimore & Ohio... 34 Barnsdall 011

Bendix Aviation ..... Bethlehem Steel Boeing Airplane Borden Co. Briggs

M'facturing 48 Brooklyn-Manhattan

Trans

30 5/8 June-August and 30 9/16 Brooklyn-Manhattan September-October, buyers at 30 3/4 April-June. 30 11/18 July- September and 30 5/8 October.

BRITISH GOODS

Big Increase In Exports To" Yugoslavia Possible

Belgrade.

During the second quarter of 1937 British, exporters will be able to send £710.000 worth of goods to Yugoslavia.

38 cum, pi. Case, J.I. Canadian Pacifc.

Celanese Corpn. of

America

རྨཱབྷཱབྷསྨོཀྰཨྰཿབྷོཧྲྰིཧོཨྰཿབྷž བྷོནམྤི ཋཊིརོཝཱ ཊྛོ, བྷོཏྟཏྟཾ བྷུཡྻཊྛཏྲྰཾདྷབྷཱཝོནཝོནཱསོ ཉྙཨྃཨཽཙནཱཏྟཱ སྐུ མཆཏྟཱad ༣ ཙཝནྣཱ ཚཏྲྰཾཨཱཉྩ

554

441A 46.

211.

334

821

Last Sale

Apr. 27 28

Great Northern fly. 504" Great Western Bugat 35)

Holly Sugar Corpn. Kumble Ou

Int Nickel

Int. Tel. & Tel

Kennecott Copper

781

59

11f

25

85

Lambert Corpn. ...........” 117 -

Loew's Inc.

Lorillard

McIntyre Porcupine

78

221

McKesson & Robbins 454 Monsanto Chemical #88) Montgomery' Ward

Murray "Corp.

++

551

144

Nat Cash Regiator 261

Public Service of N.J. 423

Pullman Inc. ...........................

བྷཱསོདི Eཏྟནོནཡོཝོ། ཤིཝནཏྟིདྷབྷོསྶཝནཱ ཿགྷཏྟཙནཨྰཿ ཚོཝཱ བྷཛོ ཙ་ཨཽདྷཨྰཿཀྰཨྰཿཨྰཿནཱ= ཚཏྟཡོདྷོཊྚཏྠཚཊྛཱ ཙ བྷ་ྲ༠ ཝཙ བྷུཀྐཾ ནཾ, ཚབྷནྡཊྛིཀྐོཏྟཱ, ཚོབྷོཏྟཛོ,

531

48

1601

81

181

49

821

Nat Dalry Producta 23) Nat Distillers

311

291

Nat Power & Light 101

161

271

New York Central ... Niagara Hudson P.

407

Corpn.

12

923

North American

264

32)

Northern Pacific

311

201

271

Pacific Gas & Elec. 30

Pacific Lighting

45

82}

Packard Motors

07

341

Paramount

22

. 25

Pennsylvania R.R.

43

451

Phelps Dodge ...

Phillips Petroleum .. 543

321

87

Pure Oll

20

155

Radio Corpn of Am. 9F

12}

Republic Steel

391

Reynolds Tobac. "B" 502

341

►

Cerro de Pasco ...... Certain-Teed P'ducts 174 17 Chesapeake Chesapeake & Ohio 58

661

St. Joseph Lend Co." Schenley

44

Corpn. 79)*

792*

574

Chrysler Corpn.

... 114

111

Schenley 51% pt. Sears Roebuck Shell Union Oil.... Socony-Vacuum

951*

95*

86

281

181

Columbia Gas & El. ·· 134 Columbia 8% "A" pl. 94 * 944 Commercial Credit 621 59% Commercial Solvents 15 - 147 Commonwealth & B. Commonwealth $8

134

Bouthern Cal Edison 257

Southern Pacifc

37+

Bouthern Riy 5% pt. 491

Stand Brands

..131

21

Stand Gas & Elec .91

544

Stand Gas & Elec.

$7 pl.

55

374

Standard Oll of N.J. 654

15

Sterling Products .... 58+

-43

Swift International 31j

#2

Technicolor

22

SA

„Texas Gulf Sulphur 371

173

Timken-Detroit Azle 23

Transamerica

141 131

123

21

20th Cent. Fox Films 38 20th-Cent. Fox Flims

pt.

48

512

150

081

187

1431

17

88

171

74

18

cum pf.

40

70

Firestone Tire & R 341 Fintkote

33

Gen. Asphalt

331

421

Un. Gas T'provem't 13 Un. Light & power

*** U.S. Industrial Alco-

U.S. Rubber

'84

37

53

511

US. Rubber 8 pt. 93

553

Gen. Motors *********

421

V.S. Steel Vanadium

108

30

Gen. Raliway Bigna!

Gillette Safety Razor 24

231

Glidden

Gold Dust

Goodrich (BT.) Goodrich $5 på. Me Goodyear

40 * 44

41

42

Bit

81

42

401

Call Money.

1 ex. div.

cum. pf.

STADS

This figure is based on

trade figures for the last three months, Consolidated Edison 384 which have just been published, Consolidated Of

Alarm is being expressed by

in conjunction with the provisions Continental Oil....... of the new Anglo-Yugoslav trade Corn. Products chemists and chemical manufae-

Curtiss Wright (C) turers at the possibility of com-!

They were asked to build a agreement.

latter stipulates that Curtiss Weight "A" 191 181 mercially marketed medicines be- steamship, but propagandists went The ing taxed in the next Budget, in

but of their way to make it as Yugoslay imports from Britain of Delaware & Hudson 18 accordance with the recommenda- difficult as possible for them to ob- Goods requiring a special permit Del Lackawanna &

Western and this covers most British ex- tions of the recent Select Commit-tain coal... tee on Medicine Stamp Dutles. "We have recently received," he porta to Yugoslavia-may not ex- Distillers Corpp sea.

"One of the Committee's proposals added, "a circular from one of our ceed 55 per cent of British pur- -that of a 16 2/3 per cent, "ad

contractore saying the supply of chases from Yugoslavia In the Douglas Aircraft

Du Pont valorem" duty-was estimated to

bunker coals has recently beeri ser- preceding three months. produce a minimum annual yield of lously restricted, while there has In the third quarter of 1936 Electric Boat...... £3,300,000.

been a rapid rise in demand be- Britain purchased goods to the cause of the sudden increase in value of 112, 300,000 dinars (about, the number of ships in commission. £450,000), from Yugoslavia, with "To my knowledge there has the result for the first quarter of been no sudden increase in the this year Britain could send about number of ships in commission. £245,000 worth of goods to Yugo- One of our ships was recently dis-slavia. charging at Antwerp, and we had In the last quarter of 1934, how- from endeavoured to purchase 3,000 tons ever.

purchases of bunker coal at Liverpool.

Yugoslavia increased £830.000. "We were informed by the sup- which means that for the second pilers that they could not supply quarter of this year Imports from more than 1,000 tons, so we had to Britain will be able to mount as buy 2,000 tons of Westphalian coal high as £710,000. at a lower price and bring it to

In

A letter addressed to the

Editor of the "Morning Post," Mr. J. 8. Walmsley, secretary to the Bolton branch of the National Pharmaceutical Union, states:

The Committee's recommenda lona entail that, should even the commonest of everyday medicines, such as epsom salts. cod-liver oil and malt, castor oil, glycerine, &c., bear a label "stating the dose for some ailment or disorder, that sub stance would be liable to duty..... Even soap, if any health-giving

virtue is claimed for it, is to be subject to taxation.

Liverpool.

"We suggested to the Coal Util- "The public must realise that isation Committee of the Mining such an illogical, hastily compiled Association that we were prepar- and mercenary report must not be ed to change, over one of our ves- adopted. The report has been sels from all to coal burning if they rushed through to enable the re- would defray the cost. The offer commendations contained therein was discussed and rejected." to have practical effect in the Bud-

get"

Two Birmingham correspondents, in the treatment of pernicious Mr. Fred Grice and Mr. Dennis Nor- anaemia, would require looking in- ton, complain that the cost of any to. These are, perhaps, the most new taxation would ultimately fall important representatives of .on the public, and that the com-

growing class of preparations mittee's proposals could "only pro-which cannot be described as drugs vide revenue at the expense of

in the ordinary sense and which bodily health."

the chemist is not in a position to 'make up.'

"TO MUCH MEDICINE" Commenting on these statements, a Harley-street physician expressed the opinion that "the amount of medicines consumed by the public could be reduced by more than halt to the benefit of the national health."

"Another point which arises is the growing tendency of doctors to prescribe proprietary preparations. This is not, in general, approved by medical authorities, but as a fact is undeniable

A consultant physician suggested that, while the proposed duty might in some instances have undesirable

British

It is regarded here as certain that the quota will be fully taken

up.

SINGAPORE RAW RUBBER

H.B. JOSEPH & CO.

Hong Kong, Apr. 29. Mesara H... B. Joseph, & Co., re- ceived the following quotations

for Raw Rubber: trom Singapore in Straits Currency

Spot

2

Buyers

34% Down 3 ....... 341 Down 31 "

341 Down. 31 34) Down 3)

May-June July-Sept. Oct.-Dec. Market:-Weak.

ALL-ROUND TRADE

J

INCREASE

Elec. Bond & Share 191 Elec. Bond & Share Elec. Bond & Share

$5 pf.......

$6 DI.

Elec Power & Light 20

Elec Power & Light

ST DI......

Gen. Cigar ......... Gen. Electric Gen. Foods

BUILDING OF DRIFTERS

The Herring Industry Board 18 offering to buy up more old steam drifters for scrapping purposes. Last year the Board purchased and scrapped over 100 old boats and of- fered loans for 'the reconditioning of others,

Tidewater Assoc. 1 18

Un. Carbide & Car-

bon .......

Un. Pacifc .....

United Aircraft ...... 28 Un Atrine Trans-

port

United Corpn. ...................... United Corpn. $3

امع

Westinghouse Hec. 138 Youngstown Shpet

881

Warner Bros Pict;... 131

Tube....

Chase National Bk. 54*

National City Bank 407*

43

1%

• BA

REICHSMARK RATES

Berlin, April 28. The Reichsmark was quoted, without guarantee, as follows:-~

New York ...

$0.22 Paris

903.5

Amsterdam London

73.325'' 12.296 Paris sterling 110.80 to 110.00 U. 8. dollar 22.433 to 23.443 Transocean News Service.

13

DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE

Sailings

President Liners' frequent važioge and their unique stepayer privileges Liow you 10 travel just exactly se yon chess. Aad Dollar Blesmahip Lines and American Mill Lisa worldwide offices and agents are maintained to serve you shore is whatever place yen chance to be. Make your next trip more enjoyabir, travelling “The Freakdent Line wx5.*

TO SAN FRANCISCO NEW YORK AND BOSTON

Via Shanghal. Kobe, "Yokohama. Honolulu, San Francisco, Panama Canal and Havana. Pres: Hoover am. May 1st Pres. Lincolni

8am. May 19th Prek, Coolidge Noon June 3rd Prea. Wilson 8am. Jose 16th Pres. Boover Noen Jare 20th Pres. Cleveland M'aight July 13th

EUROPE, NEW YORK

TO SEATTLE, VICTORIA “THE I PRESS ROUTE"

Via Shanghai, Kobe and

Yokohama

Pres. McKinley M'night May 7th Pros. Grant l'aight May 21st Pres. Jackson M'night June 4th Pres Jefferson M'night June 18th Pres McKinley M'night July 2nd)

M'night July 16th Pres. Grant

MANILA

THE MOST FREQUENT SERVICE

Next Sailings

Vis Manila, Singapore, Penang, Colombo, Bombay, Suez Cana), Naples, Genoa and Marseilles. Pres. Pierce Ban. May 0th Pros. McKinley 8 pm. May 2nd 8am. May 9th Pres. Van Buren Sam. May 23rd Prva. Pierce Pros, Garfield 8 a.m. Jone Ath Pres. Lincoln M'night May 11th Pres. Hayes 8 am, June 10th, Pres. Grant Pres. Monroe Prés. A dams

6 p.m. May 16th 8 a.m. July 4th Pree. Van Buren 8 am May 23rd Pp. May 27th Ba.m. July 18th Pres. Coolidge

MOST FREQUENT @EATION ON THE PACIFIC

DOLLAR STEAMSHIP. LINES

• AMERICAN MAIL LINE *

가

PADDIR BUILDING — HONG KONG,

CANTON BRANCH —2), FEZNOE CONCESSION, SHAMEEN.

CONSIGNÉE NOTICES.

NORDDEUTSCHER LLOYD

CONSIGNEE NOTICES.

BREMEN.

THE Stearner

TH

"DFFINGTON COURT" having arrived from BREMEN, HAMBURG and Porta, consignees of cargo are hereby notified that their cargo is being Innded at their risk into the godowns of The Hong Kong & Kowloon Wharf & Godown Co., Ltd., Where delivery can be

subject to rent.

NOTICE TO CONSIGNEES

OCEAN STEAM SHIP CO, LTD." AND CHINA MUTUAL STEAM NAVIGATION CO., LTD.

YONSIGNEES per Oo,'e Vessel

"RHESUS"

port

will not be landed

FROM NEW YORK VA MANILA are boroby notified that their Cargo

be will

discharged into Holt's All goods remaining undelivered Wharf, Kowloon, here is will lie after the 8th May, 1937, will be at Consignees risk and "subject to

Terms and Conditions of Storage at" NO FIRE INSURANCE will be Holt's Wharf The Cargo will be affected by us in any case whatever.

Damaged packages must be left in ady for Delivery Imm Godown on

and after 8th April. the godown for examination by the

Optional consigues and the Company's surveponas Neues has been given prior yors, Messrs. Anderson & Ashe, at 10 to Vessel's arrival, bus carried on from a.m. on the 5th May, 1937.

Consignees must have a Revenue Officer in attendance when damaged datiable goods are examined by the Company's surveyors,

No claim will be admitted after the guds have 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 Bills of Lading to the undersigned for countersignature.

MELCHERS & CO., Agents: NORDDEUTSCHER LLOYD, BREMEN, Hong Kong, 29th April, 1937.

to port to the faal part of call to which the option extends

All broken, chafed and damaged Goods are to be left in the Clodowns, where they will be examined on any Tuesdays and Fridays between the hours of 10.45 A and Noor within 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 5th May, will be abject to Bent

All Claims against the Vessel must be presented to the Undersigned on or before the 19th May or they will not be recognised.

No Fire Insuranon will be acted.

BUTTERFIELD & SWIRE

Agosta 29th April, 1937.

(6998

THE REVIEW

[

FOREIGN SHIPS AT

that will

are

Dunkerque

Three of the four battleships represent the foreign navies at the Coronation review of pre-war bulld. France's is the only modern

capital ship that will be on view, but the American battleship the New York has an especial inter- est, for she will be the only for- eign representative that took part in the war. She was the flagship of Admiral Rodman in the Sixth Battle Squadron of the Grand Fleet, the American squadron which worked under Beatty for the last twelve months of the war. Moreover, she will be the only foreign ship at the review which was present at the surrender of the German fleet;

The oldest vessel in the lines

will be the Greek cruiser Georgios Averoff, which has had a stormy career, having been concerned in Balkan wars and in Greek revolts, She is one of the few warships with practical recent experience of bombing from hostile aircraft...

The German ship the Craf von Spee will attract a good deal of

attention. She and her sisters are likely to remain the only examples

NOTICE TO CONSIGNEES.

PENINSULAR AND ORIENTAL STEAM NAVIGATION "Co,'% STRAWER "RAWALPINDI,”

ARRIVED HONG KONG ON 18TH APRIL, 1937.

FROM ANTWERP, LONDON, GIBHAL- TAR, MARSEILLES, MALTA, PORTSAID, ADEN, COLOMBÓ

AND STRAITS. ...

CONE

ONSIGNDES of Cargo by the

above-named Vespel are hereby in formed that their Goods are being landed and placed AT THEIR IS in the Horg Kong and Kowloon Wharf and Godown each Consignment will be sorted out Mark Company's Godowns at Kowloon where

Mark and Delivery can be obtained as The Goods

süre landed.

Optional Goods will be landed here unless instructions have been given to the contrary Six Hooks before arxival of the steamer.

Goods not cleared within 8 days In-. cluding date of arrival will be subject to... rent

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

·Damaged Packages must be left in | the Godowne for examination by the Veera: GODDARD & DOUGLAs, at 10a.m. Consignees, and the Company's surveyors,

on Mondays and Thursdays, within the Free Storage period.

must

The Board are again offering loans for the reconditioning of

of "pocket battleships." It is Consignees are specially notified that. boats capable of being made good,

noticeable that Italy is the only it is necessary for a Revenue Ofoer. to These loans, which are limited to

Great Power not represented. It be present at the examination of damaged £400 per boat, will bear interest at The new boats may be either steam had been expected that Spain

dutiable Sargo. "Most medical men," this an-

All Clair against the Steamer: 33 per cent., and will be repayable or motór-dilven, but their length could not spare a ship at present, thority stated, "are strongly against

London, April 28. There was a record increase of De- the use of too much medicine. The effects, it might have "the good re-

over four years. Both schemes are overall must not be less than sort. but the absence of Norwegians better to the undersigned on or

18th May, 1837,

or they will took Borrowers will give an undertaking ship is much regretted. The rea- not be recognised. tendency of doctors in their own shit of restraining claims made on tall trade in March. The total confined to drifters which.

to prosecute not only the two main son is understood to be that she No Claims will be admitted after the practice, is to prescribe less medl-behalf of some products which are daily sales were 15.2 per cent hig part in the 1936 fishing. cine as the years go by.

her than in March 1936, and stocks In a new scheme of loans for herring fishing season each year, does not consider she has a ship Goods have left the Godow were 2.7 per cent higher and em-building the Board offers two but also any other herring or white modern enough to represent her in MACKINNON, MACKENZIE 1⁄2 Co.,

Agoniz... thirds of the cost of a new boat fishing reasonably avalable to such a gathering. Her only big Hong Kong, 18th April, 1937. ployment 3.1 per cent greater- British Wireless.

as a Joan, repayable over 15 years. | them.

ships date from the Victorian era.

(0229

"On the other hand, the position of certain necessary preparations, such as insulin or the extract used

not strictly of a health character" This, he suggested, would be in the interests of manufacturers of "bona fide" medical preparations.