1936-12-22 — Page 21

FOREIGN CAPITAL MENACE

U.S. GUARD AGAINST CREDIT INFLATION

NO POLICE

CLEARANCE

JAPANESE CAPTAIN

FINED

THE HONGKONG TELEGRAPH.

Captain ibuchi, of the N.K.K. vessel Lushan, Maru, was summoned before Mr. E. Himsworth at the Kaw- loon Magistracy this morning for carrying passengers from Hongkong

CONSUL- GENERAL

PROMOTED

SERVICE CHANGES IN CHINA

NO EXCESS OF to Cotton on November 18 without SIR J.

RESERVES

Washington, Dec. 21. A far-reaching programme to pre- the Importation of foreign vent capital from disturbing the United Statca domestic economy, has been adopted by

the United Treasury

It Department.

States

police' clearanco, He pleaded guilty and was fined $50,

Detective Sergeant Brooks said that on November 17, he had received in-: formation from the Harbour Office that the Lushon Maru would leave ut 10 a.m, die next day for Canton, At 8.30 .m. on November 18, ha boarded the ship with a police party and verified the sailing time,"

nounced that gold purchases will be sterilised in an in-

Sergt. Brooks had half completed nctive necount so that they cannot be his ́search when there was some des used as a basis for credit infintion inlay over the searching of a passenger the United States.

und the Captain then told him that the ship would not sall until 10 p.m. that day. Informing him that the ship would have to be re-searched and that he could not leave until he had received clearance from the po- lee, the sergeant lett. A 1 p.m. that day, the ship sailed.

Gold Imports and acquisitions of domestic

will te financed Fold through the sale of Treasury, bills, thus preventing the influx of gold from increasing the excess of bank reserves, which at present have reached the total of $2,020,000,000 in

influx - CONACHVENTce of the steady lux of

foreign capital in recent month.

ง

Imposing the fine. Itis Worship re- Mr. Henry Morgenthau, the Secret-marked that by leaving without ary of the Treasury, has announced police search, the Captain was lay- that the programme will be instituted in open the passengers and himself within the next few days-Reuter

DISTURBING EFFECTS

Washington, Later.

+

The Treasury's

programme alma

at offsetting the disturbing effects

both of the inflow and outflow of capital.

to piracy.

MINISTERS GOING ON HOLIDAY

OF HOSPITAL

When gold enters the country, the MR. CHAMBERLAIN OUT Treasury, through a sale of bills, will remove from the money maritet an amount equal to that coming in. When gold leaves the country, the bills will be retired, thus returning the funds to the money market-

Reuter.

MAIL PLANE CRASHES

Spokane, Drc, 21. -The North-west Airlines mail plane, plloted by Joe Livermore, with co-pilot Arthur Hald, crashed 12 miles south-east of Kellogg, Idaho, inst Friday, it is learned, and it is believed both United Press.

London, Dec. 21.

GOING

BRENAN "HOME"

Sir John Brenan

London, Dec, 21.

Sir John Brenan, British Consul- General at Shanghol, will take over

next year the post at the Foreign Ofice held by Mr. John Pratt, who is retiring.

Mr. Herbert Phillips, Consul- General at Canton, will succeed Sir John.

The Foreign Secretary is leaving:

Mr. A. P. Blunt, Consul-General London to-morrow for Yorkabire, at Manila, will be transferred to where he will spend the Christmas Canton, Mr. W. P. W. Turner, and New Year. During this time, Consul General at Yunnanfu wil Mr. Eden will be in continuous touch succeed Mr. Blunt, and Mr. Stark with the affairs of his department. Toller Consul at Tengyuah, will

lake Mr. Turner's post-Reuter.

tho

The Chancellor of the Exchequer— the only Minister who is going abrond for the holidays-to-day left nursing home, where he has been for a minor operation, and hopes to men were killed. travel to France within the next few

days-British Wireless.

OUR

TYPHOON WARNING

The Manila Observatory reports that the typhoon is in about Long. 110, Lat. 7, moving WN.W.

TURKEYS

and

XMAS FARE

CUSTOMERS

AGAIN REAP THE

BENEFIT OF BIG

BUYING

We have

The

Finest

Selection

In

Town

WHY PAY MORE?

·

When You Can Get The Best

FOR LESS!

Local Turkeys

Australian

""

Farm Fed

ALSO

GEESE DUCKS

TUESDAY, DECEMBER 22, 1926.

THREE SHOPS VICTIMISED

GOODS SECURED BY FALSE PRETENCES

Three charges of obtaining goods

NEW YORK STOCK

EXCHANGE

MARKET IRREGULAR

YESTERDAY

New York, Dec. 21,

way this morning. The first charge specials and non-ferrous metal Issues

CHRISTMAS:

To Shanghai or Palping

FLY 23rd.

RETURN 26th. 3 FULL DAYS to enjoy with less expenses ! To San Francisco -

BY STEAMER 19TH TO MANILA FLY. ON-CLIPPER 25TH.

by false pretences were brought S. C. & F. Dow Jones Summary of ngainst Yu Lam, aged 20, unem- yesterday's markets:-The market to ployed, when he appeared before Mr. day was irregularly lower and quiet. WHAT WILL C.N.A.C. PLAN FOR YOUR W. Schofield at the Central Magis-Leading industrial issues declined; was of $13.53 in respect of the Kwong short covering and then declined, but railroad mocks steadied on Shun shop, No. 68 Des Voeux Fond West on Dec. 4; the second count was some issues guined slightly. Uility

Ti securities in respect of $13.50 from the Tal

were mixed; mercantile Cheung shop, No. 20 Ko Shing Street, shares were lower; motor slocks were second floor, on Dec. 12; and the third weak and chemical shares declined charge was in respect of $18 from widely. With the exception of labour the felling Cheung shop, No. 1I

difficulties and railroad freight rates, Wing Lok Street, on December 14. there little in the nowa to affect Defendant pleaded guilty and said the market. The bonds market was the on Irregularly he obtained the goods as he had no Curb Exchange were irregular. money to buy food.

S. C. &. F. Wall Street Journal morning comment:-The Street be lieves that railroad freight rates will be increased in January, but they will not be enough to offset the loss of emergency rates. Some pro- Icasional traders are now bearish. Wall Street is wondering if the higher foreign copper prices will advance the domestic price above 11 cents. CHINA NATIONAL AVIATION CORPORATION

Detective Sub-Inspector. A J. Johnson said that, in the first two in- stances, defendant obtained the goods by telephoning the respective shops, but, in the third case, be went to the shop himself. Defendant was arrest- ed when he was unable to pay for the Foods.

This Worship remanded defendant for 48 hours in police custody to en- able him to raise $45 to repay the complainants,

SHARE PRICES

The following is the list of local share quotations issued this morn Ing.

Banks.

H. K. $1,820 b.

H. K. Banks (Lon. Reg.),

$108% n.

Chartered Bank, £15% n. Mercantile Bank, A. and B.

£32 n.

Mercantile Bank, C., $14%. East Asin Bank, $83 m.

Insurances.

Canton In, $300 m. Union In.. $61231⁄2 b. China Underwriters, $1.00 ́n. II. K. Fire, In., $300 n. Internat'l Ansce.. Sh. $8.

Shipping.

Douglas, $30 n.

II. K. Steamboats, $7.49 n. Indo-Chinas (Prof.), $36 n. Indo-Chinas (Def.), $36 n. Shell (Bearer), 124/41⁄2 n. Union Waterboats, $10% n.

Docks etc.

H. K. Wharves (old), $106. H. K & W. Docks, $134 n. . Providenta (old), $1.50 n.

Providents (new), 20 cta, n. Now Engineerings, Sh. $4 n. Shanghai Docks, Sh. $00 n.

Mining

Kailan Mining Ad, 14/3 n. Raube, $18.10 b.

Venz: Goldfeld $8 h.

Philippine Mining

Tower. Stocks.

Bears suggest that the Interstate Commerce Commission's surcharge decision will result, in fewer new equipment orders.

S. C. & F. New York office cables: Stocks: Securities were again In moderate supply, but the undertone remains firm. A further period of indicated. Lead prices Trily

advanced by 40 points to cents per lb. The Times Business Index for the past week is 108.8, against the revised figure of 100.3 for the previous week and 04.4 during the corresponding period of last year. Cotton: The threatened Lanca~ shire mill strike has been averted. Ginnings up to

to December 12

12 amount- ed to 11,704,000 bales. There was some light hedging and liquidation on a thin and quiet market. Senti- ment is bullish, but we doubt if there will be

i be any material advance in prices at present

the

Wheat: The Government estimates acreage of Winter wheat at 07,187,000 acres, an increase of 15

per

cent; the condition of the crop is estimated at 75.8 per cent of normal, a decrease of 2.4 per cent. This report is construed as bearish. While a technical correction is still believed to

La be justified

owing to the present prices, a permanently lower market is improbable with the prezent world's outlook. We would, however, confine purchases to reactions. The visible supply for the past week has decreased by 1,882,000 bushels.

Corn: Increasing receipts are not pressing sales. On the other hand, the

tight December position is n strengthening factor. The visible supply for the past week shows in Increase of 1,500,000 bushels.

2

Rubber: We hear talks of of con- siderably higher prices, but technical reaction is possible and caution is advisable on upturns. The English stocks of rubber have de

Antamoks, P. 1.85 X. Rts, & Div. clined by 1,271 loss to 80,355 tons..

Atoks. P. 414

Baguio Gold, P. 231⁄2

Balatoc Min., P. 14

Benguet Consols, P. 14

Benguet Expl. P. .16 X. Div.

Big Wedges, P. 31

Consolidated Mines, P. .03% Demonstrations, P. 71 Ipo Gold, P. 26 T-XL, P. 1:70- Itogons, $2.52 84.

Masbate Cons., P. 381⁄2 Northern Min., P. 16 Paracale Gumaús, P. .51 Salacot Min. P. .05 San Maurici,. $1.20 m. Suyoc Consols, P. .30% United Paracale, P. 1.35 Landa, Hotels, etc. Hand S: Hotels, $5.45 b. H. K. Lands, $33 b. and 85. H. K. Lands, 4% Deben.

$105 m.

S'hai Lands, Sh: $13, n. Metropolitan Lands, Sh. 810 n. Humphries, $9% n.

H. K. Realties, $4.90 n. Chines Estates, $78 n. China Realties, Sh. $4 n. China Delentures Sh. $60 n.

Public Utilities,

H. K. Tramways, $12.25 b. Peak Trams, (old), $0_n. Peak Tram (new), $2% n. Star Ferries, (old), $93 b.

REUTER QUOTATIONS

Dow Jones Averages:.

.30 Industrials

20 Rails

Dec. 10. Dec. 21.

177.01 175.85 52,70 51.00

20 Utilities

34.44 33.83

105.35

106.16

70.10

40 Bonds

11 Commodity Index 78,30

U.S. COMMODITY PRICES

LATEST CABLED

QUOTATIONS

The following quotations on the New York commodity exchange are issued by Reuter.

January March

May

New York Colton

12.20/20 12.14/14

12.21/22

12.18/10

12.12/14.

12.07/07

12.01/02

11.98/98

11.60/00

11.04/04

12.01

12.76

New York Rubber

20.33 nom.

20.41b/43

20.32b/37a

Chicago Wheat.

mutilated

20.33 /33

22.226/21a

30.20a

20.13 /13

1382/138% 138/138

133/132% 117%/118 1174/11735

or

BY STEAMER 26TH TO MANILA FLY ON CLIPPER 1ST. JAN.

Remember -

-Christmas greetings & gifts ONLY BY C.N.A.C. PLANE OR CLIPPER reach ON TIME 1 Please apply early-

Hongkong Office

3 Peninsula Hotel Arcade, Kowloor. Tel. 50605

Tol, addr. "CHINACO"

MAM

MESSAGERIES

MARITIMES

FRENCH MAIL STEAMERS.

Sailings from Hongkong.

MARSEILLES via Saigon! Singapore, Colombo, Djibouti (Adon), Sucx, Port-Said,

D'Artagnan .26th Doc. Chenonceaux ...12th Jan. Jean Laborde

.26th Jan. Aramis

Porthos

6th Feb.

23rd Feb.

To SHANGHAI-KOBE,

Chenonceaux

Jean Laborde

Aramis

Porthos

26th Deci

8th Jan.

19th Jan.

.7th Feb.

Felix Rousse!.... 19th Feb.

We can issue through tickets to Egypt, Syrian ports East Africa, Madagascar by transhipment on our mail steamers at Port-Sald or Dijbouti.

For full Particulars, apply to: Tel. 26651.

Cie des MESSAGERIES MARITIMES

BARBER-WILHELMSEN

LINE

MONTHLY SERVICE

To

NEW YORK

Via SAN FRANCISCO, LOS ANGELES

G PANAMA CANAL PORTS.

NEXT SAILING

M.S. "TAI YIN”

on

18th JANUARY.

EXCELLENT ACCOMMODATION FOR 12 PASSENGERS.

DODWELL & CO., LTD.

Agents.

Hongkong Bank Bldg.

Telephone 28021,

July

October Spot

Dec.

March

May

July

20.23b/30a

Sept.

20.20b/240

Total sales:----710 tons.

Yaumati Ferries (old), $25 n. China Lights, $12.60 b. Ex. D. Chinn Lights, (new), $10.15 T

Ex. D.

H. K. Electric, $5 b.

Dec. May July...

132/4/132

Macao Electric, $20 n.

Saturday's sales; --

Sandakan Lights, 810 n.

40,803,000, buslicls,

Telephone (old), $28% b. and sa.

Chicago Corn

Dec. 19.

75 cts. lb.

Telephono (now), $10 n. China Buses, Sh. $11 Singapore. Tractions. 27/-- n.

Dec.

1087/100 109/109 Paris,

n.

May

1034/1031

103471032 Gonová

.105.11/04 .21.30

20.03

20.02

July

90%/ 30%

Singapore Pret., 27/- r,

- 004/100

Chicago Corn

Berlin

Athens

Milan

,12,201 ,530 .03.1

1/1:08/04

213

Industrials.

New Contract New_Contract

Cald: Macg, (old), Sh. $19% 1. Cald: Macg, (Pref.), Sh. $15 n. May Canton Ices, $2.05 n.

Opening

Copenhagen .22.40 Opening Stockholm...

934 Monte Video.

30%

13.39%

Shanghai.

July

1/2 4.91

1/2.5/32 Bucharest

19.390.....

41⁄4

470

Cement. $10,25 b.

Winnipeg. Wheat

Amsterdam.

0.90%

8.061 Silver (Spot)...

4.007 Silver (forward) 21

214

21A

Dec.

20%

20%

War Loan.

105%

105

May

124/12424

· 124/124% | Prague

.239%

130%

-British Wireless.

from

from 95

from $1.10

CHICKENS – HAMS

CHEESE SAUSAGES

.99

TINNED AND BOTTLED PROVISIONS

ETC. ETC. ETC.

The Dairy Farm, Ice & Cold

Storage Coy., Ltd.

PURE FOOD SPECIALISTS

H. K. Ropes, $2.50 n. Stores, &c.,

Dairy Farm, $20% b

Watson, $4.85_n.

Lane Crawforda, $0% n. Sinceres, $3 n.

Wing On_(H.K.), $50 n.

Colton MiIIa.

Ewo Cottons, Sh. $14.10 n. Shai Cottons, (old), Sh. 885 b. S'hai Cottons, (new), Sh., $00 b. Zoong Sings, 326. n.

Wing On Textiles, Sh. $36 n/ Miscellaneous.

H. K. Entertainments, $8 U. Constructions' (old), $1% n. Constructiona (now), 4211⁄2 cts. n. Vibro Piling. $5.50 ..

Ch. Govt. 5% 1925 G#Eds.

93% % 0

H. K. Govt. 4% Loan 8% prm

bi

H. K Govt. 8%% Loan 8% prm

bi

Wallace Harpers: $4-n.

EXCHANGE RATES Madrid..

10474/1043% 105/105 1014/1014 101/101 New York.

126/125 124%/1244 Vienna.

Lisbon:..

Dec. 21. Hongkong

105,9/64 Bombay

Montreal

21,93 01 13.2014

Brussels.

550 Yokohama.

22.10

Belgrade

Nom.

Nom. 1100 110- 1/2.29/32 1/2.28/32 .1/0.5/32. 1/0.5/82

4.00%

THE LITERARY DIGEST" PICKS

*4.904

"VALIANT IS THE WORD

FOR CARRIE"

AS A A A A CHOICE!

AT

COMING SUNDAY THE QUEEN'S