1934-07-27 — Page 22

President

AinerS

£12

FIRST CLASS

ALL INCLUSIVE TOUR

ΤΟ

MANILA

AND RETURN BY

S.S. "PRESIDENT HOOVER"

STEAMER YOUR HOTEL DURING STAY IN

MANILA

DOLLAR STEAMSHIP CINES AMERICAN MAH LINK

PEDDER BUILDING-HONGKONG. CANTON BRANCH-No. 4 Shakee Street.

BARBER-WILHELMSEN

Pacino

LINE

MONTHLY SERVICE.

SAN FRANCISCO

LOS ANGELES

Το

Panama

BALBOA

CRISTOBAL

NEXT SAILING

Atlantic

NEW YORK BOSTON

M.V. "TAI YANG"

un

18th AUGUST.

EXCELLENT ACCOMMODATION

FOR 12 PASSENGERS.

DODWELL & CO., LTD.

Queen's Building.

Agents.

Telephone 28021.

LLOYD TRIESTINO

FLOTTE RIUNITE LLOYD TRIESTINO-MARITIMA ITÀLIANA-SITHAR

7. FAR EAST-INDIA-ITALY.

Express Passenger Service.

S.S. "CONTE VERDE" for Shanghai

2nd Aug.

S.S. "CONTE VERDE" for Italy (London). 11th Aug. Freight Service.

M.V. "COL DI LANA" for Italy via ports.. 12th Aug.. M.V. "MONCALIERI" for Shanghai & Japan 12th Aug.

DODWELL & CO., LTD. Agent.

THE HONGKONG TELEGRAPH.

SHARE PRICES

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

Banks,

H.K. Banks $1835 n.

H.K. Bank (London), £155 n. Chartered Bank, 10 n. Morcantile Bank A. & B. S01 n. Aforcantile Bank C., £15 n. East Asia Bank, $84, b. Am: 0. Finance Corp., Bh. $20 a China O. Fin. Ord. Sh. $4 n. China 0. Flu. Pref. Sh. $6.

Insurances.

Canton Ins., $200 n.. Union Ins., $560 s. China Underwriters, $1% b. China Firo, $510 n. II.K. Fire Ins., $250 80,- Internat'l Assco, Sh. $6 n.

Shipping.

Douglas, $41.15 n. H.K. Steamboats, $7 n. Indo-Chinas,' (Proí.), $80 a. Indo-Chinas, (Def.), $38 n. Shells (Bearer), 46/- n. Union Waterboats, $12

Mining.

Antamoks, 09 cts. n.

Balatocs $8214 n. Baguio Gold, 421⁄2 cta. b. Benguets, $324.

b.

Exploration, 20 cts, sa.

guet Goldfield, 20 cts. Big Wedge, 12 cta. n.

Gold Greek $2 m.

Gold River, 24 cts. n.

Ipo Mining, $21⁄2 D. Itogons, Su n.

Kailan, 19/6 n.

Langkata (Single), Sh. $21 n

S'hat Explorations, Sh. 35 n. S'haf Loans, Sh. $0% n. Raubs, $13 b.

Vonz: Goldfeld, $7 n.

Docks, etc.

H.K. Wharves, $110 b. H.K. Docks, $12 b. Providenta (old), $1.65 b.' Providents (new), 50 cta, n. Hongkows (old), Sh. $322 n. Hongkews (new), Sh. $820 n. New Engineerings, Sh. $6 n. Shanghai Docks. Sh. $181 n.

Cotton Milla.

Ewo Cottons, Sh. $11.40 s. S'hal Coltons, (old), Sh. $781⁄2 n. S'hai Cottons, (new), Sh. $420. Zoong Sings, Sh. $11 n.

Wing On Textiles, Sh. 03 n. Lands, Hotels, etc.

n.

Il. and S. Hotel, 35.70 n. II.K. Lands, $58 8. S'hat Lands, Sh. $26 Metropolitan Lands, Sh. $14 n Humphreys, $10,40 aa. II.K. Realties, $5% n.

Sh. $140 . Asia Realties "A". Asia Rositics "B" Sh. 820 n. Chinese Estates, $85 b. x div. China Realties, Sh. $15. China Debenture, Sh.$187 n.

Public Utilities. Tramways. $21.65 b. Peak Trams (old), $15 n. Peak Trams (new), $7 n. Star Ferries, (old), $102 n. Yaumati Ferries, $21 b. C. Lights (old), $9 sa, C. Lights (new), 98.45 b.. H.K. Electric. $71 4 b. Macao Electrica, $26, Sandakan Lights, $8. Telephones (old), $25 n. Telephones (new), $11.90 b. China Buses, Sh. $18.20 n. Singapore Tractions, 5/- b. Singapore Fref., $17/6 b.

Industrials. Malabon Sugara, $12 n. Cald: Macg. (old). Sh. $21 o Caid: Macg. (Pref.), $19 Canton Ices, $2.70 n. Cement (new), $2.70 Ba.

n.

H.K. Horren ele $42 m/

Dairy Farms. $26 sa. Watson,

$5.45 h. Der A Wings, $5.n. Lane Crawfords. $4.30 . Mackintoshs, $21 n. Sinceres, $10.30 s. Vm. Powells, 70 cls. n. Wing On (H.K.) $108 n.

Miscellaneous. Amusements, $4 n. II.K. Entertainments. $7% n. S. C. Enterprises, $1 b. United Theatres, Sh. 2 n. Macno "Greyhounds," $2 n. Constructions (old). $1.60 b. Constructions (new), 78 cts, Ch. Govt. 5% 1925 G.3 Bonde

85

H.K. Gov. 4% $ Lonn, 8%

(nrom)

FRIDAY, JULY 27, 1984.

NEW YORK STOCK HOW TO END THE WAR

EXCHANGE

WORST BREAK OF YEAR

DEBTS MUDDLE

(Continued from Paga 0.)

debtora, in actual cash for more than the money it borrowed, from the United States.

alde

to

The following report on the New York stock market has been received Fow Britons, and, I hasten to through MexEES. Swan, Culbertson add, fower. Frenchmen, know on- & Fritz: The Wall Street Journal ough of feelings and circunstances report on yesterday's market:-Tho market crashed as much as ten in the United States to understand points in the worst break of the year, that there is.nn. American due to the avalanche of unconfimed almost every one of the considera- war rumours which hit the market. tions they think no weighty; or The market was particularly vulner that present conditions in America able for a bose drive, due to the make it virtually impossible for drought and strikes and weakened citizens and legislators in the margins causing frantic dumping by United States to share the British both big and little traders; togother with a flood of selling orders from and European vlow. They do not Europe. Around 3,000,000 shares were perceive that, if Britons and Euro- traded and hundreds of now low peans feel themselves to be sub- lovein for 1934 ware recorded. The stantially in the right, Americans tickers wore as much as six minutes may have reason not to feel that behind which caused considerable con- the United States is in the wrong. fusion and there was as much as And as memories, to any nothing eloven points difference between some of tempers, ano apt to be short on bids and offers. Steel Corporation,

General Bioters and Chrysler Co. both sides, there are all the an Acrimonious came in for the heaviest selling ail or makings which reached new low levels. There wrangle. was no rent resistance until the final hour of trading when prices fired up about a point. Curb stocks plunged in the worst reaction of the year, to gether with Bonds, both registering 1919 there has been a far worse now low 1934 levels, with speculative

But, when all is said and dono, the root of this matter is neither financial nor economic. Since

THE

BLUE FUNNE

LINE

REGULAR AND FAST PASSENGER SERVICES

FREIGHT AND

LONDON SERVICE

PATRUOLUN 1 Ang Marseilles, London, Rotterdam A Glangor DALONAS

Q Aug.

Casablanca, London, Rotterdsø, Hamburg & Hull

issues bearing the brunt, although bankruptcy in the world than any LIVERPOOL, SERVICE

default. There has AGAPENOR 1. Aug. Tripoll, Ravto, Liverpool & Glasgow, United States' Government bonds monetary lost as much as one point. German, been a bankruptcy In far-sighted Austrian and Italian bonds wore and courageous leadership. In NEW YORK SERVICE dumped, all declining as much as truth, it must be admitted that seven points. The grain markat was this bankruptcy has been worse on

“TELEGRAPH" ART SUPPLEMENT

4

More Competition

Pictures

The feature of to-morrow's Issue of the Telegraph Pic- torial Supplement will be a further series of photographs ontered in our special com- petition. Some delightful studies will be included.

Further pictures will include several of the tableaux pre- sented by pupils of the Kow- loon Junior School on prize- day, and a group of "A" Company of the South Wales Borderers, winners of many regimental trophies.

GIEKURZİNİN MEANTSUZANJANINSKOTAN downward due to the break in Stocks, in spite of the bullish news regarding the visible supply.

Bolton, New York, Philadelphia & Baltimore via Manlia, Straits & Gues

RHEXENUR 10, Aug.

SERVICE

TANTALUS

the British and European than on the American aide; for the United PACIFIC States has at least produced the Kellogg pact, which Mr. Henry L. Stimson extended, in August, 1932, into something like an American INWARD peace doctrine founded on non- neutrality. Europe, and particu- Britain, has failed to larly Great follow the lead thus givan, or even to pay America the compliment of developing these American ideas as they deserved, and deserve, to be developed.

Sometimes I wonder whether it. is too late for this to be done, or whether the nations will have to muddle into-and what may after- ward remain of them, muddle through another orgy or destruc- tion before stateamanship comes into its own. It may not yet be too late, though, by every elga and Hymptom, the sands of time are running desperately low.

confirmed as heavy. There was some

in Eastern buying of futures

the

• S. C. & F. New York office cable:break but there is no change in the following several days of weak and Cables from abroad were partly re- outlook and we advico purchases, nervous markets, the Austrian situa-

prevails,

4 Aug. Japan, Victoria, Seattle & Vancouver

SERVICE

MENTOR TANTALUS

Duo 29 July Due 31 July

From UK. via Straits From Pacifc via Japan. A Shanghai

Specially reduced fares are quoted for enrgo steamers with

limited passenger accommodation.

For traight, passage rates and information apply to the

under-mentioned.

BUTTERFIELD & SWIRE.

Agenta

C. N. CO., LTD.

SPECIAL REDUCED FARES TO WEI HAI WEI. CHEFOO & TIENTSIN.

During the holiday season special "B" Class accommodation.

To Wei Hai Wei & Chefoo

To Tientsin

$ 75.00. $100.00.

Sailings from Hong Kong approximately every ten days.

We think that the latter situation is but rollef by rain is meagre I will be available to Wei Hai Wei, Chefoo and Tientsin, in the tion merely added fuel to the fire. *ponsive. Cooler weather over-omphasised and we think it rea-clines follow, the situation warrants purchases for higher prices later. A sonable, to expect a sharp recovery,

some showers, recently commissioned s.s. "Hunan" and "Holhow," at the follow- following possible further wenkness forecast Indicates

with a slightly lower temperature ing rates:--- to-morrow. Brokers' Loana amount

Cotton:-The relative steadiness to $1,008,000,000 Bethlehem Steel: Company has declared a Preferred was due to unconfirmed reports of dividend of $1.75. This in the first storm lass und complaints of de- terioration in the remaining rain- payment on Preferred stocks since July, less scetions. The market acted very 1932. The not lacome for Bethlehem well. There are heavy rains in the Steel for the second quarter amount Texas coast, San Antonio and 011 ed to $3,442,000, compared with a net loss for the first quarter of $202,000, Austin, with spotted rains and a net loss for the second quarter tral Texas. A forecast of the weather.. of inst year amounting to $3,313,000, tay Conditions with showers. Ltd., Untitled orders on June 30th amount cloudy ed to 70,437 tous, compared with 12,- Fossibly there has been some damage 647 on June 30th last year. Steel by the hurricano to the cotton crop

on the Coast. operations for the second quarter Rubber: Speculative liquidation averaged 51.8 per cent of capacity, compared with 38.7 for the first market was steady, with sellers re- quarter and 28.7 for the Becond quarter of last year. Current opera-served. London is half a cent above

our parity, tions are approximately 25 per cent;

Sugar: Prices were easier under of capacity. Bank Clearings emount

due to other

ΑΠΟΠΕ continues

to $4,274,000,000, compared with $66,- liquidation, largely

actuals.

its Con-

The

For further particulars apply to Messrs. Thomas Cook & Sons.. The American Express Co.. The China Travel Service, or

THE AGENTS:

BUTTERFIELD & SWIRE

Telephono 30331.

640,000,000 for the corresponding date markets. The market is technically Abscesses Ulcers

last year, Ingersoll Rand has declar- ed a quarterly dividend of $0.50 per share, compared with 37.5 Cent previously. Youngstown Sheet and Tube Company shows a net profit for the second quarter of the year amount- ing to $1,012,000, compared with a neti loss of $2,202,000 for the correspond- ing period of last year. This is the Arst profit the Company has shown since the fourth quarter of 1930. Favourable facturs; Yesterday's re- marks by Mr. Kennedy, Chairman of the Stock Exchange Commission, are regarded as encouraging. The belief Is that stocks are now in stronger hands, with the technical position noticeably improved. Unfavourable sasituption on third-quarter business. factor: The effect of the drought Business done 3,340,000.

Gov. Loan 3 $ Loan, 2% b.

(prem.)

Wallace Harpers, $7 n.

n.

New York and Chicago commodity report received through Swan, Cul- bertson and Fritz:-

Wheat: The drastic break in stuckn And securities caused liquidation by long hoidors and de clines were large. Sales of four are

FRECKLES AND HIS FRIENDS

sound.

Dow Jones Averagon:

July 26. July 26.1 30 Industriale 91.57 85.61

37.60

20 Rails 20 Utilities 40 Commodity

Index

14.29

20.00

10,60

04.61

93.20

58.50

£7.01

18 Lending Stocks.

Amer. Can Amer, Smelting Amor, Tel. & Tel. Auburn

J. I. Case

Du Pont

Elec. Bond & Share General Motors Int. Tel. & Tel. MeIntyre Pocupine

Montgomery Ward Nat. "Distillers N. Y. Central Socony Vacuum Union Pacifie United Aircraft U. S. Steol...... Westinghouse E. & M.

I Love' Me!

July 26.

92/4

314

1101⁄2

18

36% 84%

09

24

42%

211

10%

18

13

10036

14

336

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The

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AT

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| ASSEUR R. SHIMIDZU

ASSEUSE S. KISAKI

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“TELEGRAPHS" Hopital, etc., and by all the local

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Telephone 24945.

By Blosser

WEDDING OR BIRTHDAY PRESENTS

Remember, whenever you have to send

a present for any occasion, you will find”.

what you want

at

KOMOR'S

Chater Road.

York Building.

Lacquer, Porcelain, Ivory,

Silk-Ware, Etc.

Prices from. 50 cts. upwards.

IF THE COOKS DORT MAKE THAT HIDIT PAYMENT WITHIN A FEW --

DAYS, I CAN PUTUTHEM OUT OF THRIN - HOUSE AND HAVE THAT OIL, THAT LIQUID GOLD, ALL

FOR MYSELF.

KARL IT

BUT ACCORDING TO LAW, I CAN'T KICK 'EM OUT, IF. THEY MERT THAT PAYMENT:-:¦

AND I'M AFRAID THAT SOMBONG IN THIS TOWN WILL BE SMART ENOUGH TO' GIVE EM MONEY TO MEET THE PAYMENT, AND TAKE A CUT IN THE OIL RIGHTS TO SECURE THE

LOAN!

........... BUT I'M SMART ENOUGH TO PREVENT

THAT FROM HAPPENING! I'M GOING OVER THERE NOW, BEFORE MRS. COOK FINDS

OUT THAT THERE'S A FORTUNE

IN THAT GROUND, AND ASK HER HOW MUCH SHE'LL TAKE

TO MOVE OUT.

PRETTY SMART,

EH ?

YES, MR. SCUTTLE

#

I COULD MAKE A FORTUNE, IF I COULD BUY HIM AT MY PRICE

AND SELL HIM AT HIS OWN!

HE'S PRETTY, STUCK ON HIMGELF, ISNT HE TI BET HE SYEN HAS A MIRROR ON HIS CEILING,

SO HE CAN WATCH HIMSELF WHEN HE

GARCLES!

સ