1937-02-16 — Page 5

THE HONGKONG

TELEGRAPH.

TUESDAY, FEBRUARY

16, 1937.

NEW YORK STOCK THOS. COOK, BANKERS

EXCHANGE

MARKET DOWNWARD

YESTERDAY

New York, Feb, 15.

MARKED EXPANSION SHOWN.

IN BALANCE SHEET

The very marked expansion ex- hibited by the balance-sheet of Thos. Cook and Son (Bankers) at October 31 has not Impaired the customary high ratio of liquidity, snya the S. C. & F. Dow Jones summary of Financial Times. No doubt a greater yesterday's markets:--Prices to-day inclination on the part of the public declined on light trading, with steels to travel, now that times are more leading the down-swing. Motors prosperous, has assisted a bank which large part in the financing of were lower, with most leaders Join- Į plays Ing the decline. Losses outside tourists and others. Yet the period dimculties, won still marked by many ranged to an much as four points. Oils and so pronounced an increase as the started the day from steady to firm £775,100 which has taken deposits to and active, but some of them later £4,010,000-a rise of nearly 24 per dipped. Some ralls were weak. A cent thus becomes more than ever Inte dullness in trading 'was consider- noteworthy. ed as encouraging. As a contrast to

P & O-BRITISH INDIA-APCAR AND orders and several mercantiles held categories, it is interesting to find that

EASTERN & AUSTRALIAN LINES

MAIL AND PASSENGER STEAMERS

Taking Cargo For

Straits, Java, Burma, Ceylon, India, Persian Gul, Mauritius,

East and South Africa, Australia, Red Sea, Egypt, Europe..

PENINSULAR & ORIENTAL FORTNIGHTLY

DIRECT ROYAL MAIL STEAMERS

UNDER CONTRACT WITH H.M. GOVERNMENT

All dates are approximate and subject to alteration without notice. and all sailings are subject to change or deviation with or without notice.

PENINSULAR & ORIENTAL SAILINGS

8.8.

*MIRZAPORE

CONFU *BHUTAN

NALDERA

*BEHAN

CARTHAGE -SOUDAN

*JEYTORE

From

Tons Hong Kong

About

Destination.

7,000 17th Feb. Bombay & Karachi. 14,500 20th Feb. Marseilles & London.

0,000 27th Feb. Marselles, Havre, London, Hamburg,

Rotterdam, Antwerp & Hull, 16,000 6th Mar. Marseilles, Hayre, London, Hamburg,

Rotterdam, Antwerp & Hull. 6,000 13th Mar. Bombay, Marseilles & London. 14,500 20th Mar. Marsellies & London.

7,000 27th Mar Marseilles, Havre, London, Hamburg,

Rotterdam, Antwerp & Hull.

5,000 31st Mar. Siraits, Bombay & Karachi,

Calls Casablanca. 5 Calls Tangier,

+

* Cargo only. All vessels may call at Malta,

'TILAWA

SANTHIA

TALMA

BRITISH INDIA-APCAR SAILING

SIRDHANA

SHIRALA

10,000 27th Feb.

8,000 13th Mar.

3

10,000 27th Mar.

Singapore, Port Sweltenham, 8,000 10th Apr. Penang, Rangoon & Calculta. 8,000 24th Apr. 1

EASTERN & AUSTRALIAN SAILINGS

TANDA

NANKIN

NELLORE

7,000 5th Mar. 7,000 3rd Apr. 7,000 1st May

Manila, Rabaul, Brisbane, Sydney, Melbourne & Hobart,

SAILINGS TO SHANGHAI & JAPAN

NALDERA SANTHIA

*SOUDAN

TALMA

RANCHI

NANKIN

SIRDHANA

Cargo only.

10,000 18th Feb. Shanghai & Japan.

8,000 10th Febi, Amoy, Shanghai & Japan. 7,000 10th Feb. Shanghai & Japan.

10,000 4th Mar. Amoy, Shanghai & Japan. 17,000. 5th Mar, Shanghal & Japan. 7,000 7th Mar. Shanghai & Japan.

8,000 18th Mar. Amoy, Shanghai & Japan.

All dates are approximate and subject to alteration without notice. For further information, Passage, Freight, Handbook, etc-apply-to

The Agents. Phono 27721-

MACKINNON MACKENZIE.CO

PICTO BUILDING CONNAUGHT ROAD CENTRALISHONGKONG

ENYK

General Passenger Agents in the Orient for the

CUNARD WHITE STAR LINE.

San Francisco via Shanghai, japan Ports & Honolulu.

Asama Maru

Taiyo Maru

Seattle & Vancouver.

Wed., 3rd March Wed., 17th March

Hiyo Maru (Starts from Kobe) Mon., 22nd Feb.

Holan Maru

New York via Panama.

Nagara Maru-

+Nojima Maru

South America (West Coast) via Japan, Honolulu,

With the corresponding increase in the general run of the market, mail-assets well spread over the various their gains on the basis of improved immediately liquid items-largely in- terest-bearing deposits with other Sales, Sentiment with regard to banks have grown rapidly enough to utilliten was mixed. Copper shares maintain fully their proportion of were firm Stocks on the Curb Ex- almost 63 per cent. to deposits. change were lower, while the Bonds Market was also lower, particularly Government Issues,

Elsewhere the strength of the com- pany's position is no less apparent. The published reserve of £125,000 equals the issued capital, while inner substantial. have S. C. & F. Wall Street Journal reserves, strendy.. morning comment:-The Robinson- been further strengthened during the Potman Act was responsible for last year. The bill holding has been al- year's decrease in the earnings of the lowed almost to run off,, but invest- American and Continental Can Comments of £602,800 are up by £110- panies. Fear is held on the part of 300. 300.

Of their total, 2010,000 are in Government securities, and all traders that Mr. Lewis's Committee British of Industrial Organisation will seek are taken in at under market values,

the

of "hid- gources to organise labour in the Steel In- providing one of dustry. With General Motors ro- den" strength. The company has suming production, rail-road traffic shared with other banks in the greater demand for advances, the Increase serving the motor centres should re- vive after the recent slump. The from £200,500 to £283,300 repre- roads affected should be the New seating over 35 per cent. Altogether York Central, the Pere-Marquette and the year seems to have been one of the Chesapeake Ohio Railroads, Stect most gratifying progress. activity is helping the Union Carbide Company. Wage costs are generally advancing.

list- The

S. C. & F. New York office cables; Stocks: The market moves

news. lessly, awaiting fresh Timics business index for the week wns 1012 as against 101.7 for last week and 01.0 for the corresponding

week of last year.

Cotton: News is unchanged and the market is very quiet and, for the moment, lacking in incentive. There is some expectation of modification of the sale terms of the Government holding. Out of 11 leading brokers, 6 are bullish, I is bearish and 5 are

neutral.

The balance-sheet of Thos. Cook and Son (Bankers) for the year ended October 31, just published, shows that the bank's high degree of liquidity fully maintained. Reserve at. £125,000 is equal to the paid-up capitat, and the substantial internal reserves Imve been further streng- thened.

amount to £4,016,000, compared with Current, deposit and other accounts

£3,241,003 In the previous year. Liabilities for these accounts are covered by cash and short-term loans to approximately 83 per ceni.

CATHEDRAL

CONCERT

HONGKONG SINGERS TO

GIVE "ELIJAH”

Music-lovers have treat in store for Tuesday next, when, in St. John's Cathedral, the Hongkong Singers will present the well- known oratorio Elljah.”

Wheat: Due to the World shortage of supplies, the American Winter crop Is increasing in importance and the continued dust storms in the dry area, where Snow & Co, say that crop pros- pects are poor, are attracting more attention The World markets are at present gulet. There has been a visible decrease in supplies of 2,010,-formance starts at D p.m. with Mr. 000 bushels.

Rupert Baldwin, AT.C., at the or gan, and Mr. Lindsay

Lafford F.R.C.O., L.R.A.M., Alt.C.M,, as conduc- tor.

Corn: There has been a decrease

in supplies of. 000,000 bushels and the market is quiet and steady.

Rubber: There has been a de- crease in English supplies of 2,604 ions. It is reported that a prominent Dutch official is predicting lower prices.

REUTER QUOTATIONS

Dow Jones Averages:

-30- Industriale.

20 Rails

20 Utilities

40 Bonds

Feb. 13 Feb. 15. 100.03. 188,39. 58.00 57,37 35.12 35.09 104.37 104.23

11 Commodity Index 70.05

75.77

THE

The per-

For Quick

DISPOSAL

THE

PROCESS OF

CLOSING DOWN

MEANS THAT WE MUST CUT OUR

PRICES TO THE LOWEST

DURING THE NEXT FEW DAYS WE ARE MAKING A SPECIAL

DISPLAY OF

LOUNGE SUITS-

FOOTWEAR-HOSIERY

·ALL MADE IN BRITAIN, AND OFFERING BETTER VALUE THAN HAS EVER BEEN TENDERED BEFORE.

SEE THE VALUES, IN OUR WINDOWS

BERNARDS' OF

HARWICH

The principals will be Eva Turner AILANTEANNACAKEASLIKKALEOENSDOWEKKZEWODN (soprano), Gladys Shaw (contralto), D. I. Luard (tenor) and L. T. Ride (baritone). There will be concerted items by the soloists and Muricl Smith, Agnew Lich, B. Bicheno, A. Fruen and W. C. Knight, Miss Prue Lewis will lead the orchestra..

Collection boxes will be placed near the doors, and those wishing to contribute to the Society for the Protection_. of Children and the School for the Deaf, Kowloon, aid of which the proceeds are being given, are asked to make their duna- tions as they leave the Cathedral.

THE TAIKOO DOCKYARD & ENGINEERING COMPANY

BLUE FUNNE

LINE

REGULAR AND FAST. PASSENGER SERVICES |

FREIGHT AND

LONDON SERVICE

Mon., 15th March

Thurs., 18th Feb.

Wed., 10th March

..Thurs., 11th March

SARPEDON

Sat., 27th Feb.

Sat, 13th March

Sat., 27th March

Los Angeles, Mexico & Panamo.

Rakuyo Maru ..........

London, Marseilles, Antworp & Rotterdam,

Haruna Maru

Katori Muru

Kashima Maru

Liverpool via Port Sald, Beyrouth, Istanbul, Piraeus,

and Marseilles.

Lyons: Maru

Sydney & Melbourne via Manila & Ports.

Kamo Maru

Atsuta Maru

Thurs., 11th March-

Sat., 27th Feb.. .............Sat., 27th March Bombay via Singapore, Penang, & Colombo.

Tokiwa Maru....

.Sun., 28th Feb, Calcutta via Singapore, Penang & Rangoon.

26th Feb,

Hakodato Maru

Frie

Lisbon Maru ***、 Sun, 7th March Shanghai, Kobo & Yokohama.

Atsuta Maru (N'anki Direct) Thurs., 18th Feb. Yasukuni Maru,

Hascono Máru

+ Cargo Only,

Tues., 23rd Feb. Fri., 12th March

*Buras Philp Lines, Joint Passenger Agmia, Gibb, Livingston & Co., Ltd.

Tal. 30291.

AGAMEMNON salle 24 Feb. for Marseilles, Casablanca, Ldon, Rotterdam, Hamburg & Glasgow sails 10 Mar. for Marseilles, London, Rotterdam & Glasgow

LIVERPOOL SERVICE

TITAN sails 20 Feb. for Havre, Liverpool and Brom- borough NEW YORK SERVICE

ADRASTUS sails 2 Mar, for Boston, N.Y., Philadelphla & Baltimore via Manila, Batavia, Straits & Cape of Good Hope PACIFIC SERVICE (via Kobe, Nagoya and

Yokohama) IXION salle 17th Mar, for Victoria. Vancouver & Seattle INWARD SERVICE

AGAPENOR Due 22 Feb. From U. K. via Straltar PATROCLUB Due 27 Feb. From U. K. via Straits CYCLOPS Due 28 Feb. From Europe via Straits

Special reduced fares aro quoted for cargo steamers

A with limited passenger accommodation.

For freight, passage rates and Information apply to

BUTTERFIELD & SWIRE.

“Tel, 20383.

Agents, · 1; Connaught Road, C.

In

OF HONGKONG, LIMITED.

BUILDERS OF ALL CLASSES OF SHIPS...

BUILDERS Of reciproCATING STEAM ENGINES. BUILDERS OF MARINE AND LAND BOILERS.

BUILDERS OF TURBINE MACHINERY

Under Licence From Messrs. Parsons.

BUILDERS OF DIESEL ENGINES

Under Special Licence From Messrs. Sulzer Bros., Winterthur.

Licensed To Manufacture Lanz Perlit Iron, Specially Suitable

For Internal Combustion Engine Working Parts.

DOCK & SLIPWAYS

FOR DOCKING very large, AS WELL AS SMALLER VESSELS,

ON ANY TIDE.

ALL CLASSES OF SHIP, ENGINE AND BOILER

REPAIRS

AND EXTENSIVE WELDING, BOTH ELECTRICAL AND

OXY-ACETYLENE, SKILFULLY AND PROMPTLY CARRIED OUT.

Tel. Address "Talkoodock" Hongkong. Telephone No. 30Z11.

Call Flag: "Numaral One” over “Pennant Ani.”

BUTTERFIELD & SWIRE, Agents HONGKONG, CHINA & JAPAN

HOUSE OWNERS 1, or SHIP BUILDERS ! Como to us for real British Steel, tried and true! Inspect our large stocks. Most moderate prices.

E. HING & COMPANY Metal Merchants & Bhip Chandlers

26, Wing Woo Street.

HONGKONG SOCIETY FOR THE PROTECTION OF CHILDREN

The total Expenditure in 1937, on behalf of slck and destitute chlidren is estimated at $25,000 against which the Income to date is, $5,250 only.

The Society asks for the balance of

Hon. Treasurers:

$19,750

Mr. D. BLACK, C.A..

c/o Percy Smith, Seth & Fleming,

6, Des Voeux Road, Central.

Mr. KWOK CILAN.

c/o Banque de L'Indo-Chine,

Hongkong.

February 8, 1937.

Tel. 26940,

WHEN AT HOME

The

Thongkong Telegraph

MAY BE PURCHASED

AT

SELFRIDGE'S

THE NEW #RENOIS REMERRY

SROʻS PILLS for the biyse

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