1938-01-28 — Page 5

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FRIDAY, JANUARY 28, 1938.

NEW YORK STOCK Polar Winds EXCHANGE Harnessed

SWAN, CULBERTSON &

FRITZ LATEST REPORTS By Soviet

New York, Jan. 27. Polar Exiles

S. C. & F. Dow Jones Summary of yesterday's markets;

Moscow.

Polar winds provided the power for a radio generator and Ernest Krenkel thus has been able to tell) the story of life on an Aretic ice floc.

Experts say that the prevailing de- cline is purely technical and is due to a secondary selling wave on dis- appointment with regard to the de- lay in the President's armament mes-" sage, after the market had experien- ced a light earlier firmness, Bust- unfavourable, ness news continues

He is the radlo operator In the: The first 40 railroad reports for De-

group of four Soviet explorers who cember show that, their, not opera-

are drifting from the North Pole tlona were 08.0% of capacity, which is below the figure for December, toward the Atlantic. Recently they 1030, Dividend ommissions con indicated that they would lie to be tinued, including the Brooklyn Unlon taken off as the fee is approaching Gas Company and Colgate Palm-a condition where it is no longer safe. They probably will be taken Olive Peet. Bank clearings

off this month. Unued downward. The uncertainty of the Frane exchange is still a fue- tor. On the favourable side, pros- pects of revived Government spend- ing and heavy ship-building activity Is indicated.

con-

S, C. & F. New York correspondent cables:

Stocks: The market to-day was again weak. but now seems to be ap pronching a sharp technical rally. Colgate Palm-Olive and Brooklyn Union Gas have omitted their divi- dends.

Meanwhile Mr. Krenkel rigged-up a spare radlo set on a sled in event a sudden lee jam should force the explorers to move their comp hastily.

Easy to Acquire-

Hard to

Relinquish

ANCHOR

BEER

In this famous Singapore Beer, you find a taste worth fostering. Refreshing & Sustaining. strong wind Try it. $4.50 - a dozen pints - $7.80 a dozen quarts. Brewed by Archipelago Brewery, Singapore.

Recently, when A generated enough energy for his wind-mill-powered wireless station for a detailed account of their life, he reported:

WIDE FISSURES OPENED "The last strong wind caused wide assures and formed new piles of pack ice.

"Our camp can be seen from a distance of 10 to 15 meters (32-50 feet). The lee-built observatory of precious stone. The bulbs of pocket torches are night-Fedoroff is mak ing observations.

*

Cotton: Prices to-day moved within narrow limits. Spots were dull. The textile market was quiet. except that a large Government under-wear order was reported.

Wheat: There is rumour of a sale of 1,500,000 bushels of wheat to Por-Eugene Fedoroff sparkles like tugal by the United States, but the actual consummation of the sale in uncertain due to the dimculty of ar- ranging credits. No moisture is re- ported from the South-West. Liver- pool reports offerings from the Argen-pleasant here during a snowstorm. tine at below the price of United The fine snow penetrates even the States hard Winter wheat.

thickest clothing.

Corn: Exports and cash interests were moderate buyers, Receipts were light.

Rubber: Trading consisted mostly of switching of positions, with fac tories exchanging futures for actuals. while dealers are on the reverse side. Sugar: The market to-day was quiet and somewhat easier follow Ing reports of further weakness on the London marketi

Dow Jones Averages:

30 Industrials

20 Utilities

20 Rails

40 Bonds

Jan. 20 123.23 20.31 19.80 09.10

Close 121.57 27.87

80.79 52.71

I Commodity Index 52.01

"Around the camp is a wide pas- particularly surfeway. It is not

"Our hut is like a cake with lots of icing. The entrance is closed securely by a triple door curtain.

The floor of the entrance taken

up by four pairs of so-called You tapochkl (light sport hoes). could easily bathe a two-month-old baby in any one of them.

CROUCH WHEN ENTERING "As you crawl in, be sure to crouch as low as possible. Otherwise you'll get a neckful of snow.

"The rubber door with it fur 19.32 lining is difficult to open. It is held In place by lengths of rubber which are fastened to the stays of the hut. Six months' experience has taught us how to pass through the door agilely, even when currying hot tea kettles and pots.

STOCK MARKET REPORT

The Hongkong Stock Exchange oficial summary issued at 3.15 p.m. yesterday says:

Market ruted quietly steady, but prices are being maintained and In same instances show a slight advance.. The undertone continues to be firm.

Manila has eased off slightly..

Buyers

Flongkong Bank. $1,483. Bank of East Asia $82 China Underwriters $1.40 -Douglasen- $3724

B.K. & K. Wharves $10 H.K. & W. Docks $23 Providents (Old) $2.35 Providente (Now) $0.40 1. & S. Hotels $5.40 I.K. Inde #319

11.K. Renities $1,40 H.K. Tramways $14.50 Prok Trains (Old) 3015 Yaura Ferries $26 China Lights (Old) $10.00. HK Electrics $354 Telephones 10) $23.80 Telephone (New) $0.60 Cements $13.25 H.K, tops $15 Dairy Farms $23

Watson $3,40

Entertainments $6 Constructions $15 Wallace Harpers $3% Klasmans (11.) - 3/3.

Beliers

Canton Insurance ston 1. & S. Hulek $3,45 Peak Trains (New) $37. China Lights (Old) $10.00 Canton tees $1.70

Saler

Hongkong Bank $1.409 Union Insurance $54z HR. & K. Wharven $117

'rovidenta (New) $0.043

H. & S. 1otels $5,40

1.K. Lands 414

1.K. Tramways $143/03

Star Ferrica 144

FLK, Electrics

Telephones (Old) $25.00

alry Farme $25.10

Antarnoke 07 CL.

Atok 24 cla.

Bngulo Gold 21 ets. Benguet Consol $9.60 Coon Grove 07 eta, Consolidated lines 011 ct. Demonstrations 414 cts.

1. X. L. 64 ctn. Paracale Gummus 2014 cu. San Mauriclo 57 cls. Huyoo Consel 18% et. United Paracales 40 cts,

U.S. COMMODITY

PRICES

LATEST CABLED

QUOTATIONS

New York, Jan. 27. The following quotations on the New York commodity exchange are Issued by Reuter:

"Each of us has mastered bis

I. for catechism for getting dressed. instance, have the following rules:

"When sitting up in one's bag. don't bump one's head against a corner of the table; when putting on one's shirt, don't upset the ink- well; when one stands up, look out for the sharp screws in the roof; while putting on one's trousers, don't kick the lamp over with one's right foot or knock Shirshoff's desk out of his hands with one's left foot. Ench of us has his own desk-a piece of veneer.

LIMITED SPACE

"In the middle of the vast ex- parse of the Arctic, our dwelling is confined to three square meters (32 Equare feet).

"That is all that remains after disposing of our things.

"The table of the transmitting station is at the right of the entrance. At the left is a box on the wall, which we call our buffel. On the Hoor are Shirshoff's boxes with samples of Arctic Ocean water and on them several spot-covered pots containing our simple dinner.

Cots take up the walls from end to end. "Between the beds is a shaity table used as a laboratory. A plece of tin is suspended above the table, to protect the roof from the heat of the lamp. It is my duty to cover. this plece of tin with brittle, frozen siitrages.

"Each of us has his own corner where he keeps all kinds of trifes,... "During the day the lamps are in the middle of the room and we arrange outselves around them, like fire worshippers.

"The small amount of wall space that is free in covered with weapons, torches and bundles of books,”

FOUR IN PARTY

The chief of the camp is Ivan Papanin. His companions in addi- tion to Mr. Krenkel are Peter Shirs- hot, marine biologist, and Eugene Fedoroff, magnetologist.

They landed at the Pole from an airplane, May 21, with nine tons of food and Mr. Puponin to-day indi- ented they expected to be rescued by airplane, instead of by icebreaker. In 200 days since they landed at the top of the world, the campers floated 745 miles and by January it is estimated they will have reached n point between Greenland and Splisbergen.

July Sept. Dee.

15.10/10

13,10/10 15.20b/25a

13.35 n

2,210 tona:

15.20b

Sales for the day:-

Chicago Wheat

04/0314 04%/0+ 09/091⁄4 00%/89% 80/80%

20,040,000 bushels.

Chicago Corn

New York Calton

BOOK

Opening Closing

Mar.

B.43/41

YOUR

May

8.50/50

July

0.50/50

May 8.40/41 July 8,45/46 0.52/52

Sept.

Wednesday's sales;

SEAT

Oct.

8,06/65

0.02/02

Dec.

8.72/72

0.67 n

EARLY !

Jan.

0.70b/76 8.71 n

Spot

3.00 May July Sept.

01 /01

Winniper Wheat

Mar...

Now York Rubber

14.04 /04/ 14.810/90n May 15.05 /14.09.14.090/10.00a Oct,

May July

120/120

120%/120%

110%/118%

100%/100%

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Frits

Investment Bankers and Brokers in Securities and Commodities Daily New York and London Stack Exchange Servico Commodity Futures on the principal American markela

Members of

New York Cotton Exchange

Chicago Board of Trade

Winnipeg Grain Exchange

Commodity Exchange, Inc., New York

Canadian Commodity Exchange, Inc., Montreal New York Coffee and Sugar Exchange Manila Stock Exchange,

Correspondents for

Hayden, Stone & Co., New York and Boston J. E. Swan & Cn.. New York

Cable Address SWANSTOCK Telephone 30244

Hongkong & Shanghai Bank Bulding, Hongkong Ofices: Shanghai and Manila

WHEN AT HOME

The

Hongkong Telegraph

MAY BE PURCHASED

AT

SELFRIDGE'S

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