1933-06-22 — Page 22

10

A RIOT FROM START TO FINISHI

Madame Racketeer. Back Again With a New Case of Gig- gle-Water and Laugh- Soup!..

THE HONGKONG TELEGRAPH. THURSDAY, JUNE

LONDON STOCK NEW YORK STOCK SHANGHAI RUBBER

PRICES

EXCHANGE

MARKET IRREGULAR YESTERDAY'S MARKET

The following quotations on the London Stock Exchange have been recolved by Messrs. Swan, Culbertson and Fritz in conjunction with Reuter. The market: International istuos rule weak. Other sections are irre- gular,

Chinese Bonds

Juno 20. 46 Bonds 1808

(Eng. In.). £100

A LADY'S

with

PROFESSION AUSON SKIPWORTH ROLAND YOUNG SARI MARITZA

QUEEN'S

Riyad

5% Tient.-Pukow Railway (Supt. (Loan)

5% S'hal-Hang- chow. Ningpo Rly,

Be Honan Ryny,

6 Hukuang

1011

5% Lung Taing U.

£77-82

COMING SHORTLY.

1

........

Sterling

Loan 1007 £80 £ 80% Japan 6% Sterling

£ 90% £00%. Industrials & Breweries

STEADY

shares. The

According to Messrs. Swan, Cul- bertson and Fritz, the New York market was steady yesterday. Busi nonя done 3,800,000 Wall Street Journal reports:-After an irregular and dull day the market rallied near the close due to London reports that the U.S. dollar might the ba pegged at around 4.40 to

electri. pound. Favourable steel and city news also helped to stimulate the

that

Juno

SHARES

"Messrs. Benjamin and Polts have received the following Rubber share

quotations from Shanghai.

June 14,

$6.00

Anglo Javas

Anglo Dutch Batu Anantn Chemora

Jung 21.

$4.80

2.60

.30

2.90 .30

.85

Consolidateds

1.00

1.60

Kroowocks

.41

.40

Ropahs

.04

06

5%

Rly

June 21.

£100% £ 82% 4 Loan 1908. £ 83

Loan 1012.. £ 584 £ 67

Roorg. Loan 1013 (Lan. Inn.) £ 84% £85 65% Bonds 1925-470744 £ 97 5% Shal.-Nanking

£ 95–30

"Tanah Merahs

.94

.05

Tehongs

.10

146

Zlangbes

5.25

0.20

£ 35-39

6% Tient.-Pukow

12-22 £ 14-20

£ 0-10

£ 201⁄4

£ 77-82 £ 7-10

£ 20%

Hai Rly, 1919. £ 10-15 £ 10-15 Foreign Bonds and Banks

Gorman 7%

Internat. Loan

1024

70

70%

market. The Ironago Magazine - Corn Producta ............. -port that the primary cause of demand Douglas Aircraft .. la the piling up of releases against Drug Inc. ................... low-priced second quarter contracts Du Pont de Nemours 78% as June 30th deadline approaches. Eastman Kodak ... Persistence

Bond dement of heavy retail automobile Electric £ 15-26 £10-22

Sharo surprising oven the auto trade. Indications, pro automobile output will exceed that of General Foods

of General Electric May with the movement of steel to General Motors... the auto industry continuing at the General Railway present paco through most of July.

Signal Cable recolved this morning from Gold Dust Swan, Culbertson & Fritz, New York. Goodyear

with "Most stocks moved narrowly

Rubber oile strong. Further strength in olls,

International motors and harvester issues expected.

Cement Colton:

Har- London developments in International

veater dicating the Government's determina. tion to allow no interference in International Nickel 17% highest commodity price programme International Tel. & and claims of unexpected response In

74%

75%

10

10

0434

6436

81

70 80%

36%

35%

20%

24

.86%

36%

27

27*%

23

34

2234

2314

Tiro

.35

30%

35%

33

10

30%

1734

Tel.

17%

1774

Japan

Loan 1924

Associated Elec.

Industries

17/--

Brit.-Amer, Tob..

106/-

16/0 104/4%

the Western Cotton belt to the cotton Johns Manville curtallment plan is increasing con- Kennecott Copper. fidence in higher price levels. The Lehman Corporation 70% market was quiet but a cat. Liggett & Myers Wheat advanced on insufficient ralas and severe crop losses already sus- tained in the U.S. Northwest and Canada.

514

19%

61% 19% 69

Loew's Inc. Lorillard P.

13 21% 221

03 22

2244

Chinese Eng. &

Dow Jones averages:

Min.

3478

33/0

June 20 June 21

& P.

J. & Conta

60/0.

57/8

30 Industrinis

05.23

05.01

Montgomery Ward 20% National City Bank 38% New York Central. 8834 North American Co. 321⁄4'

2314

334

30% 32

33/7

34/-

20 Ralls

44.22

44.39

Pacife

Gos &

58/3 58/-

20 Utilities

36.08

34.96

Electric

28%

28%

Dunlop Rubber

30/130/-

40 Bonds

84.70

81.78

Pennsylvania Rail-

Everrendy

27/- 27/-

Allied Chemical &

road

2814

284

General Elec.

43/

4276

Dye

1152

116

Phillips Petroleum

14%

15%

Guinness

80/3

89/3

Allis Chalmers

1944

19%

Public Service of

Impl. Chem. In

American Can.....

9274

923%

N.I

NJ.

52

5215

dustries

26/10

25/10%

American & Foreign

Reynolds Tobacco

Impl. Tobacco

100/-

100/-

Power

10%

184

4434

447%

Amer. & For. Pow.

International Tea

37

36

Seara Roebuck

84%

844

Stores

28/6

28/6

American Metni ...

183

· 1774

Shell Union

+གས

8

$ 21

American Smelting

934

34

Simmona

Turner & Newall

20/74 29/3

Unilever

20/74 20/44 27/0 27/0

American Tel.

Company 17%

Sacony-Vacuum

127

127

Corporation

1214

Miscellaneous

American Tobacco

"B"

Southern Cal. Edison 25

13 24時

88

88%%

Standard Gas

Anglo-Dutch

Burian Corpn.

14/6 14/9 14/A 13/10

American Water-

Electric

10

10%

works

3714

.38

Canadian Pacifie

Rly.

Anaconda Copper

Standard Oil Co. of

10%

1036

NJ.

87%

88

171

17

$ 20% $ 10%

Texas Corporation

227

2374

04.

Gula Kalumpong

0-434

Texas Gulf Sulphur 28%

20%

22

14/0

14/0

2254

Union Carbide

&

Trepca Mines

13/-

12/7

3444 364

Carbon

40

39%%

Lo

aglaagto

Borden Company ..

34%

341⁄2

Unton Pacific

114

118

Estates

27/0

27/0

Borg Warner....

184.

18%

United Aircraft &

London Tin

13/3 13/3

Canadian Pacific

Trans.

32%

32

Rubber Trusts

19/0 19/3

Railway

16%

10%

Shai. Elec. Constr.

63/6 53/0

Case, J.1.

82%

80

United Gas Im-

United Corporation 12%

12%

Van Ryn Deep ..

Chase National Bank 31.

31/

01/3

30/7

provement

22-%%

Chesapeake Cor-

U.S. Rubber

13/4-

37/6

37/0

poration

.30%

39

U.S. Steel

60%

2214 14% 50%

Chrysler

314

12 -

Universal Leat

68/0 08/0

Columbin Gas

Tobacco

47%

45

€ 20/

£ 20

&

Electric....

25

24

Westinghouse E. &

Consolidated Gas of

M.

47

GO/

50/-

New York

6044

68

Woolworth

44

401 44

Courtaulds

Distillers

Internat. Nickel, . $ 21%

Pinchin Johnson

Rubber

Walking is always a come-

down for members of the rising

generation.

Anglo-Peratan Oil Burmah Oll Royal Dutch

Shell Trans

Trail.

Atlas Corporation

Auburn Automobiles

Baltimore & Ohio Bethlehem Steel

*

174

1933.

HOW THE DEATH DUTIES CRIPPLE INDUSTRY

(Continued from Page 6.) employees. The effect is felt equally In cottage and castle.

Death duties sometimes swallow up the whole of the capital in a business, which thereupon ceases to be a profit earning-and, consequently, tax-pay. ing--concern. Employees are thrown out of work and a national asset is

COTTON, WHEAT AND SILVER

December January March

0.62-0.80 0.70-9,70 1.06-9.00, 0.75-0.76 0.89-0.83 0.01-0.02

May

0.09-9.99 10.00-10.97

Spot

0.40

Wheat

LATEST NEW *YORK

Chicago Winnipeg

QUOTATIONS

July

77%%%

67%

September

8012

60%

82%

TOT

Silver

Mosers. Swan, Culbertson and Frits October have received the following quota- December tlens on the New York cotton and wheat and allver exchange for yaster- day.

put out of commission. This point is July, well illustrated

the case of a by

prin October cipal partner who hold £500,000 of the capital in a

a manufacturing firm. When ho

died

the capital of the firm was diminished by £150,000 and its profit-carning and tax-produc- ing capacity reduced by more than

30

per cent. Such a business would bo' unlikely to recover from the shock in theso times when the most amuent concerns find it difcult to mako hendway.

When the ownership of an estate in transferred by death more than once during a brief period the effects are | even more severe, even although some relief from the duties is given in such etrcumstances, The following exam- ple will emphasise this:-.

VALUE HALVED.

The owner of a business with aj capital of £120,000 died in 1926, and was succeeded by his son John, whol dled in 1927. John left the business to his brother, who died last year. On passing by will into the hands of an employee the capital of £120,000 has become only £00,000 owing to death duties, and the business will probably cease to exist through its impoverishment.

A man who held £1,000,000 of thef capital of a firm died in 1926 and left his interest, to his son, who died vo years later. Instead of being a millionaire the grandson of the first [ proprietor succeeded to only £150,000 na a consequence of heavy death chuttes.

When the duties payable on death were repeated in Italy, the Italian | Minister of Finance said that the Government belleved that the In- medinto loss to the Treasury would be more than compensated not only by the performance of an act of justice but by a real general increase in prosperity. If the present financial situation in this country renders the actual repeal of the death duties im- possible, it is high time that the rates of duty were reduced and more liberal reliefs granted where estates change hands through death more than once during a short space of time.

One man was drowned and several hundred people marooned by a cloud- burst near Liverpool It rained an inch and a half in half an hour. At one railway station the approaches were submerged to a depth of four feat. A middle-aged

at- cyclist, tempting to ride through the food, when his machine struck an obstacle in the deepest part of the water, was thrown off and drowned."

Closing

Cotton.

Opening Rango

Rango

0.10-0.18 0.27-9.28

9.40-0.45 0.54-9.55

July September December

86.50

36,00

$0.00

2,800,000. ozs.

Total sales for the day:-

0,925,000 ozs.

(157 Contracts) (112 Contracts)

FERGUSON.

FASHION FABRICS

COTTON VOILES

PRINTED

ART SILK

NOVELTIES

PRINTED COTTON

CAMBRICS

When searching the shops for fine Fabrics, ask to be shown the lovely things that come from Ferguson's.

Obtainable At:-

ALL LEADING DRAPERY ESTABLISHMENTS.

by

GLADYS PARKER.

REG. U. D. PAT, OFF.

WHEEE!

OH BOY

IS THIS FUN

I DON'T CARE IF YOU DID PROMISE MARY~ YOU CAN'T

GO UNTIL YOU SCRUB

THAT FLOOR;

·FOR ME-

I TOLD

YOU ABOUT

IT YESTERDAY

FORGOT

HELLO-MARY ?.

WILL YOU MEET ME (OVER HERE, INSTEAD OF AT YOUR HOUSE,TO GO

ROLLER SKATING?

YES – RIGHT AWAY!

WHAT

ON

EARTH

HELLO, MAMMY. WANT TO JOIN

US?

© 1933 DY

NEA BERVICE INO.

GLADYS PARKER.