1934-07-24 — Page 17

NEW LOCAL INDUSTRY

PAINT FACTORY AT NORTH POINT

FRANC'S DANGER

DEVALUATION MAY BE

- IMMINENT ·

THE HONGKONG - TELEGRAPH. · TUESDAY, JULY 24, 1934.

| NEW YORK STOCK EXCHANGE

YESTERDAY'S MARKET

DULLER

LONDON STOCK EXCHANGE

LATEST SHARE QUOTATIONS

44 Bonds 1898.

(Eng. Iss.)... £10131 41%% Loan 1908. £ 0214 6% Rearg. Lony 6% Loun 1919.

724

£9%

71%

London, July 23. The general economic pressure Yet another Important industry upon the nations of the Gold

According to Menora, Swan Cul- The following quotations on the catablished, in Hongkong during re- Bloc remains intense, as evidenced bortson and Fritz, the New York London Stock Exchange have been vent years, promises to develop in the large loss sustained Innt market was duller yesterday. The received by Mesars. Swan, Culbertson into an undertaking of consider year by the Hotel Continental, | Vall Street Journal

reports and Fritz in conjunction with Reuter. able magnitude. It is engaged in which is well-known to visitors to ward, led by Ralls, in the most active The market moved sharply down- the production of paints, var- Paris.

Chinese Bonds. nishes, enamels and lacquers, and

day's trading for weeks, Selling

July 21. July 23. inaugurated by the National The Chairman of the organisa-orders came in from all over the coun- Lacquer & Paint Products Comtion in a recent meeting stated ing, the lower Steel production, plus try due to the generally bearish feel-

£101 pany, Limited, whose factory is that the world monetary situation | the probable disapointment situated on the Shaukiwan Road, was disastrous to the French speculators over the Government's North Point.

hotel industry. The retention of orthodox financing plans, Numerous the gold standard led France accounts were sold out due to their towards a point where she would on vacation being roperted to permit Being under-argin, many traders became the most expensive coun- auch selling rather than rink new. try to inhabit, whereas a few ninney on stalo long holdings. Curb

was the

Kly most stucks and bands were downward. ngo she

United States' Government insues eased off moderately, while Coreign issues него highly erratic. The Wheat market was downward due to n reported increase in the visible aupply.

In addition to the everyday types of paints and varnishes, the Company specialises in the man- ufacture of exclusive products yuch as damp-proof paint and a years apecial marine varnish, the latter economical in cost of Ilving.. of special Interest in the ship- building trade.

twelve textile Exhaustive testa have been made mills in the Roubaix area locally, and we understand that closing down owing an In-

Furthermore,

arc

the reports secured speak highly sufficiency of orders mainly due of the quality and lasting powers to the German exchange restrie-

of these materials.

A special department deals with every form of spray painting, while leather "dope" used in the preservation of upholstery ote. also produced.

It is Intercaling to nule that

secured.

BENEFIT CONCERT.

FOR SERGEANT'S CHILDREN

AND WIDOW

Position Untenable.

on

in- re

1018 in. Ins) £ 94

16 J

Bonds 1920-47 1 004 001% S'haj-Nanking Tient.-Palow Riy........... £ 074

Tient.-Pukow

.

£ 07/1

£34

£ 34

Railway (Sup).

Loun) £27

£ 27

£ 00

£30

Shai-If'chew-

Ningpo Rly... £ 001⁄2 per Honan Rly £30

6 Hukuang Rly.

1911

6% Lung Teine U.

£ 381⁄4· £ 38%

Hai Rly, 1913. £17 £17%

Foreign Bonds and Banks

Gorman 70% Int.

Loan 1924 Japan 5 Sterling

►

58. 60%

stocks dipped sharply reflecting the S. C. & F. New York office cablu: tlons. More than 11,000 opera-thin market and the lack of public tara

be will

thrown out of interest after the fresh weakanas in employment bere, -

Rails, induced by emphasis crensed costs and diminishing turns. Steel Mill activity in reported In view of these and other number of business failures last week at 27.7 per cent. of capacity. The

Loan 1907. £ 741% - £ 74İL this is the only factory of its kind that the gold alandard, to France total of 60 for the corresponding

difficulties, the opinion is growing nunted to 234, na compared with Japan 6 Sterling In this part of the world, and an at least, will presently become period of last year.

Loan 1924 £85% £8514 indication of the standard of the untenable and despite the repeat-faciors: The lack of

Favourable 1.K. & S'hai Bk.

large-scalo materials produred lies in the.

(Ind. Reg.} \ £139'

£138 x+1 fact that at the recent exhibitioned denials by the Governments outside guidation following Friday's Chartd. Dk. Lá ah, £ 10

£ 16 at Manila. first-class awards were old standard, City circles are not inventment,

concerned in the retention of the lower prices will further stimulate sharp setback. The expectation of

Industrials and Breweries. buying. Unfavourable ruling out the possibility of factors: Continued inbour dificulties;

Associated! Elec. abandonment,

notably in Minneapolis; the peasibility

Industries of further liquidation by disappointed

British-Amer. Tob. French industrial and com-inflationists; the inability of stock

(Benrer)..... mercial opinion

to вести

be to fully in sympathy with the com-

Chinese Eng. and veering towards devaluation,

modity markets and indications of

Min (Henrer) second-quarter corporate profits nai Further, the recrudescence of keeping in line with the increased French party strife may lead to volume of business due to

higher An excellent programme has be the withdrawal of gold from costs of operation. arranged for the grand benefit variety Paria to London, thus off-setting 1,180,000.

Busines dunc: concert to be held in the China Fleet Club Theatre to-morrow night, at 8.45 the seasonal weakness of sterling, p.m. for the wklow and two children This weakness is expected to be the news of excessive heat. Losses Boola

Grain: Prices further advanced on of the late Sergt. Frank Richardson, inusually small owing to the in Corn continue. Prices ultimately of the Royal Army Ordnance Corps. failure, of the United States must reflect this situation na theru Amongst those who are contributing crops. In any case, the British are only remote signs of relief in the to the

are many well- known local radio entertainers, and Exchange Fund appears to he weather. The forecast of the weather

in the Corn Belt is dry and hot. be able to heat

The a packed houro is anticluted. These umclently strong to

and drought continues and participating will be Mrs. Fieten defent

any damage to the crops is extending. Lockhart, Mr. G. F. d'Aquino, Miss pressure.

Higher prices are in sight. Doreen Ma, Misa Elsa Alves, Miss

Cotion:

To-day's weakness Wan Maria Gomez, TCL, Capt. O. P.

Fate of Franc.

due to the Texas weather news and Joce (R.A.O.C.), the Army Chaplain

the eariness of securities. The market Should the French National nude a late recovery on Spot House of mirth, Rev. J. L. Lewis Bryan, S.C.F., Mr. W. J. Gealt, Mins Audrey Government fall before the end buying attributed to covering zsd Steel, Mr. Victor Saunders, the 4th of the year, it is generally con- hedging on the recent sales made by Hongkong (Murray) and 4th. (Kow-aidered here, the devaluation of the Government. Increasing reports loon) Boy Scouts, under Scoutmaster the. Franc will G. R. Ross, Professor F. Gonzalez, A brought a step nearer.

inevitably

of rain in the West be

are causing liquidation on advances and a ten- quartetto from the ist. Bn. Lincoln-

dency to await reactions for shire Regiment (Meaars, King, Segan,

pur- There are somé who believe, chases, The weather forecast for Trowt and Geble), and the band of however, that the devaluation of the Western Cotton Belt is partly.. the lat Un. the South Wales Bor-the reichsmark will precede the cloudy to unsettled, with derers (by kind permission of Licut, devaluation of the frane.

showers in the interior and in both Col. A. E. Williams, D.5.0., M.C., and officers).

programme

aterling

against

SHARE PRICES

The following la the list of local share quotations issued to-day:- Banks

II.K. Banks $1815 b. H.K. Bank

x div, Chartered Bank, £16 n. Mercantile Bank A. & B. £31 n. Morcantile Bank C., £18% n. East Asla Bank, $84 b.

(London), £138 n.

Am: 0. Finance Corp., Bh. #20 a Chinn O. Fiz. Ord. Sh. $4 1. China O, Fla. Pref. Sh. 35. Insurances,

Canton Ins., $200 n. Union Ins., $545.b, and sa. China Underwriters, $1.b. China Fire, $510.

H.I. Fire Ins., 8230 b. Internat' Assce, Sh. 30 n.

Shipping.

Douglas, $41.15 n. H.K. Steamboats, $7 a.

Indo-Chinus, (ret.), $30 n. Indo-Chinas, (Def.). $33 n. Shells (Bearer), 46/3 n. Union Waterboats, $12% n.

Mining.

Antamoks, 63 cts. n.

Balatoes $321⁄2 n.

Baguio Gold, $43

8.

Benguets, $32 b.

Benguet Exploration, 18 cts. b. Benguet Goldfield, 20 cts n.

Big Wedge, 12 cts. n.

Gold Greek $2 n.

Gold River, 24 cts. n.

Itogons, 55 n.

Kailan, 19/6 n.

b..

Langkate (Single), Sh. $21 n

S'ha Explorations, Sh, $5 n S'hui Loans, Sh. $64 n.

Raubs, $12.90 b.

Venz: Goldfield, $7 n.

Docks, etc.

H.K.. Wharves, $110. II.K. Docks, $12 n. Providents (old), $1.60 b, Providents (new), 50 cta. n. Hongkews (old). Sh. $3224 n. Hongkewa (new), Sh. $320 n. New Engineerings, Sh. $5 n. Shanghai Docks. Sh. $181 n.

..Cotton Mills.

Wing On Textiles, Sh. 63 a.

Landa, Hotele, ctc.

H. and S. Hotels, $5.55 b.

Ipo Mining, $2

18/0 18/9

118/0

118/0

18/0

19/6

Tate & Lyle Courtaulds Distillers Dunlop Rubber Everready 5/- sh General Electric

(England)

Impl. Chem. Int. Impl. Chem Ind.

10/ h. Impl. Tobacco Woolworths .... Internat. Nickel

80/0

29/0

47/3

46/0 xd

28/3

88/0

-15/2 46/0

-229/-

29/~

45/0

45/6

44/7% 45/~

36/6

30/0

8/7

126/9

100/0

8/74% 125/1014 1027-

по рат у .... Pinchin Johnson

10 - ક્ષh, Turner & Newall Unilever

$ 25%

$ 26

38/7

38/9

47/3

47/-

Ewo Cottona, Sh. $11.40 .

21/0

21/0

S'hai Cottons, (old), Sh. $731⁄2 n.

Miscellaneous. Anglo-Dutch *- 26/- Burma Corpn. Rs.

10 Canadian Pacific

Rly. $25 b. Chart. 16/

S'hai Cottons, (new), Sh. $12. Zoong Sings, Sh. $11

n.

25/-

-12/0

12/9

(Bearor): *** 22/3

$ 134 3 13%

22/3

Gula Galumpong

Rubber.. 24/411⁄2 Tropea Mines .... Langlaagte

24/4%

11/-

10/9

Estates...

31/6

31/6

A

July 21. July 23

VINS 40,2* 38.-11 21.83 21.03

Loudon Tin 107-

ah. Pekin Synd. -

12/0

12/7!

ord. sh....

1/9

1/0

40 Bunds

11-Commodity Index

95.28 58.15

Rubber Trusts..

3476

34/6

90.12

5'hal Elec. Constr.

66/-

DB/-

59.19

18 LeadligTM Stocks,"

July 23,

Van Ryn- Deep Electric Musical

Industries

-69/6-

·63/9

27/0

27/-

Ainer, Can

061

Amer. Smelling.

37

Oifs.

Amer. Tel. & Tel.

112

Auburn

21

Anglo-Persian Oil

J.I. Care

447%

Du Pont

UT

Elec. Bond & Shure

11%

Burma O..... Southern Railway

(Deferred)

46/3 40/7% 81/3 80/714

26/4 25/

282

Royal Dutch 100

Int. Tel. & Tel.

10

f. sh.

£ 2014 £ 2014

alcintyre Porcupine

45;

Shell Trans and

Montgomery Ward

20

Trad (Bearer)

Nat Distillers

177

Geldenhuis

N.Y. Central

41%

Crewn Mines ....

1444

111

14 3G

acaltered

There is no question or doublast and West Texas.

Rubber: The market was steady it featureless. Dowlones Averages;

Resorved seats will be available at but that the reichsmark is over $2.50 and $1, and unreserved seats at Valued in terms of sterling. 50 cents. Tickets will be on sale at dollars and currencies of the gold the doors, which open at 8.15 p.m. standard countries.-Reuter,.

THE

GLOUCESTER

LOUNGE

AIR-COOLED

THE MOST POPULAR

RENDEZ-VOUS.

IN HONG KONG.

TEAS COFFEE

AND

SPECIALLY SELECTED

SANDWICHES.

&ve

6, China Bldg. Pedder St. topp. H.K. Hotel)

Smart Rainproof Capes

in Black, White, and

a wide range of Colours.

$12.50

30 Industrials 20 Kuils

20. Utilities

treneral siptors

Soenny-Vacuчin

Union Pacific

| United Aircraft

U.S. Steel

Westinghouse E, & M.

MANILA STOCK EXCHANGE

40/104 40/3 27/0 27/6 245/-

247/0

GANG BATTLE

FIERCE FIGHT IN STANLEY STREET

A gang fight between two crowds of hooligans broke out in Stanley Street, at the junction with Cock- ran Street, at 9.30 o'clock last night and four men wore subse- quently removed to the Govern- mont Civil Hospital suffering from injuries of varying natures.

PHILLIPINE GOLD SHARE

QUOTATIONS To-day's quotations as received by Messrs. Swan, Culbertson and Fritz shortly after the close of

There seems no doubt that the the morning session of the Manila fight was premeditated as the two Stock Exchange are as follows: gangs had collected in different.

Fires In Pemas ABed Dld Saias Volume Price Price In l'eson Antainak Goldfields 0.41 U.45 In 24 0.39 0.42 6.32 3000 Henkel Bonafilated M4.00 20.00 25.00, 20000

0.18 0.17 2.10 2,00 1,70

0.17 7000

places and prepared for the fray.

The combatanta were vegetable vendors and street urchins who apparently frequent that locality. One Tarty is stated to have fore- gathered at a stal in Stanley Street while the other assembled at a nearby shop.

Without warning the two parties 13. 4. & Gold share Index. 6.2. Market are stated to have

converged

Gold Hiver

ipe Golf Mines

Eugen Mining Co.

340 0000 Salut Mining Co. 0.13 6.11 0.12 4000

Bayte Consulidated D.40 United Parcale

0,43

0.15 0.13 0.14 2000

Tiemily. Volume l'eson 100,000.

BOYCOTT THREAT

CEYLON OPPOSES QUOTA

AGAINST JAPAN..

Colombo, July 23, A-completo boycott of British

Hoods is the only effective weapon

and

have Joined In' 1 free-for-all fight. The party at the stall was seen to pick up chop- pers which were lying convenient while the others wielded bamboo poles and other implements.

Shop-keepers in the blow

but

vicinity

a chorus of police whistles,

it was not for some time after the battle had commenced that a Chinese constable arrived on the

асоле.

The crowd dispersed on the

If the proposed quota against Japan arrival of the police officer and

H.K. Lands, $59.

. S'hai Lands, Sh, $25% n.:

Metropolitan Lands, Sh. $14. Humphreys, $10.

H.K. Realtica, $5

n.

Asia Realtles "A" Sh. $140.

Aria Realties "B" Sb. 220 n.

Chinese Estates, $86% b.

D.

China Realties, Sh. $15 China Debenture, Sh.$187 n.

Public Utilities.

Tramways, $21,60 b and sa. Peak Trams (old), $15 n. Peak Trams (new), $7 n... Star Ferrics, (old). $102 0. Yaumati Ferries, $2114 b. C. Lights (old), $8% b. C. Lights (new), $8.40. b. H.K. Electric, $713 80. Macao Electrics, $25 n. Sandakan Lights, 38 n. Telephones (old), $25 88. Telephones (new), $12 b. China Buses, Sh. $18.20 n. Singapore Tractions, 5/- b. Singapore Pref. $17/0 h.

Industrials..

Malabon Sugars, $12 n. Cald: Madg. (old), Sh. #21 a. Cald: Macg. (Pref.), $19. Canton Ices, $2.70 n. Cement (new), $2,65/67%1⁄2 sa. II.K. Ropes, $41⁄2 n. Stores, etc.

"Dairy Farms, $26 n.

Watson, $0.45 b. Dor A Wings, 81 n. Lane Crawfords, 84.80 n. Mackintoshs, $21, n. Sinceres, $10.60 .

Yni. Powells, 70 cts, n. Wing On (ILK.) $108 n..

Miscellaneous. Amusemente, $4 n.

H.K. Entertainments; $74 n. S. C. Enterprises, $1 b. United Theatres, Sh. #2 1. Macao "Greyhounds," 2 n. Constructions (old), $1.60 b. Constructions (new), 75 cts. b. Ch. Govt. 5% 1925 G.S Bonds

874% n.

H.K. Gov. 4 $ Loan, 82% b.

(prem)

Gov. Loan 3% $ Loan, 15% b. (prom.)

Wallace Harpers, $7% n.

WATER LEVELS.

FOR WEST, NORTH AND EAST RIVERS

Is imposed upon Ceylon, said Mir loft four of their number behind Goonesinghe, leader of the Labour Injured. One man was suffering Party in the State Council, from a stab wound in his side and for Kwangtung Province notifies that The River Conservancy Commission addressing П meeting of the was taken to the Government Civil the height of water in English feel Ceylon Murcantile Union.

"At this time of depression Two others were cut in various

Hospital in a critical condition: in the West, North and East Rivers is as follows: July 22 July 20 cheap Japanese goods are a boon parts of their bodies. A lad of West River at Bhfublog: 28.1 to the poor people in Ceylon, and sixteen years of age walked to the North River at Talm no local industries are endangered Police Station minus the little-

Whiteaways

AWAY LAIDLAW & COL357

"NEWLINET"

UNDERWEAR

FOR

MEN

JUST RIGHT

FOR

PRESENT WEAR

Cream Linen Mesh good fitting underwear. Will wash and is sure.

All

to give satisfaction in wear. sizes in the following.

VESTS WITH SHORT SLEEVES. ATHLETIC STYLE VEST..

TRUNK DRAWERS WITH BUTTON

TOP.

TRUNK DRAWERS WITH ELASTIC

TOP.

ALL

ONE

PRICE

$350

COMBINATIONS

Garment.

"Athletic Style with Trunk legs.

PRICE $6.50.

MEN'S OUTFITTING DEPT.

Whiteaway, Laidlaw & Co., Ltd.

Jimmy's Kitchen

Tc. D'Aguilar Street.

Tel. 30126.

SPECIAL SUMmer snackS FOR THE WEEK

$1.00.

TOMATO JUICE COCKTAIL.

SWIFT LUNCH MEAT

and

COLD ROAST BEEF RUSSIAN SALAD CHILLED FRUIT SALAD

COFFEE

JIMMY'S VEGETABLE SOUP FILLET OF CĂROUPA.

WITH LEMON FRENCH FRIED POTATO

ICE CREAM COFFEE

GRAPE FRUIT 'COCKTAIL

COLD CHICKEN

SLICED TOMATO

MIXED SALAD FRUIT SALAD COFFEE

CHICKEN SOUP PRAWN SALAD AʼLA MAYONNAISE - RUSSIAN SALAD ICE CREAM COFFEE

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As Sole Agents For

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COBLENZ

We can thoroughly recommend their wines as

most suitable for the hot weather.

AMPLE STOCKS OF THE BEST GROWTHS AVAILABLE

from

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27.1

10.8

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Telephone 2007

*East River at Sheklunger 40 649–

1 by the influx," ho declared ingor of his left hand and was North River at Samshai 10.0

Rester.

sent to Hospitali