HONGKONG DAILY PRESS
Finance and Commerce
NO SIGNS OF PANIC
London Markets & Latest Crisis
(Reuter). LONDON, Mar,. 18 The possibility of further aggro- vation of the Central European situation, which the markets read into confirmation of the news that Rumania has been presented with sweeping demands by Ger- many, is widely discussed in City circles.
SHARE MARKET | HONGKONG
REVIEW
RY CAL. RICKETT". Secretary, Hongkong Share-
brokers' Association.
The week opened with a feeling ot optimism and with every pros- pect that the improved market of
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted, on Saturday, March 17.
No. of Shares Price
STOCK
HK. Banks
H.K. Banks
H.K. Docks (0) Entertainments
the previous week would continue. Later, however, when events in China Lights (0) Europe once again commenced to United Paracale move a feeling of uncertainty was apparent. There was mo undue nervousness but prices were in-
clined to ense through lack of sup-NO port. Attempts to take advantage of the market uncertainty were
evident but not altogether sucess-
There are, however, no signs of panie, as the markets took heart from Mr. Chamberlain's speech last night which confirms the imful as holders, for the most part, ..pression
the that
Government, displayed no inclination to part while adopting a stronger attitude, with shares. will carefully avoid involving Bri-
20 $1350.00
I 1365.00
200
18.50
1,500
500
7.10
7.10
11.000 Ps.0.73
AGREEMENT YET IN OIL TALKS
MEXICO CITY, Mar. 18 (Reuter)
itself to agreement with the views "Neither party has committed
expressed by the other." declared Mr Donald Richberg in a state" ment laqued yesterday.
HK Barks, in sympathy with tain in war unless British interests London prices, cased from $1,420
Mr. Richberg. representing the are directly and vitally involved
to $1.390 and later shares could be foreign oll companies, is in Mexico Rubber was the sole commodity obtained at $1,380. HK Docks came City with the aim of reaching some to suffer appreciable loss, and in for considerable attention and settlement, in the matter of ex- this was chiefly the result of after advancing from $18 to $19.35 propriation of foreign on property. lower Eastern and American prices changed hands, at $18. Trams re- He has been holding discussions and uncovering at stop-foss prices.mained steady at $17 with buyers with President Cardenas,
at $16.90. Watsons after touching
Values consequently dipped be$.10 closed with sales reported at $9.
Mr. Richberg added: "No agree- low Existern. parity but a slightly Dairy Farms had sellers at $26 with ment is implied or can be assum steadler undertone developed to- sales reported at $25. Hotels after ed unt such is expressly" stated
dividend by both." wards the close.
STEADY UNDERTONE
A steady undertone obtained in the metal market, where some Continental trading demand suf- Aced to absorb a few sales by speculators wishing to ever up their books over the week-end.
ccats deduction of 60 could be obtained at $64. Star Fer ries had buyers at $67 and sales at $671. Providents (0) Came in, for enquiry at $5.90 with sales at 36. China Lights (o) were offering buyers at $8.55. at $8.75 with Business was reported in Electrics at $564 and Lands at $36),
Manila has also shared in the wo-l wide market uncertainty The opinion is held that the although there is very little change latest developments will possibly in price levels since those recorded lead to further Intensification of for the previous week. United armaments, with a corresponding Paracale came in for most atten- Increase in consumption of base tion and after advancing from 71
metals..
Other London markets werd lifeless as operators were bewil- dered by the latest news and pre- ferred to hold their hand,
by
to 79 ctvs closed at 75 ctys.
A similar attitude was adopted tza and
The Central Bank of,China will open branch offices at Meng- Slakwan in Yunnan.
branch
considera-
foreign exchange operators Establishment of A who were not called upon to cope Burma is also under "with an unusually large stream of | tion.
capital to the Continent.
HOARDING DEMAND
There was recrudescence of Continental hoarding demand for gold.
In Liverpool, wheat opened firm and reacted when further Plate selling became in evidence. but the decline was promptly arrest ed by the Rumanian news, which attracted outside bear-covering.
Trading late in the session was brisk."
A conference of bank managers was held in Chungking recently in order to discuss the means and ways to prevent the breaking up of China's economic structure and depreciation of Chinese currency in the areas under Japanese con- trol. Dr. H. H. Kung. Minister of
Finance, appealed to those present
take all steps to strengthen China's economic position, to raise the value of Chinese currency and to adjust commodity prices to the present needs.
FINANCE
H. K. STOCK EXCHANGE
'March 18.
The market was quiet during the short session. The turnover was on a restricted scale at 'lightly lower prices than those ruling yesterday. BUYERS
Yaumati Ferries (Old), $25. Canton Ices, $1.
Watsons, $8.90.
Wing On (H.K.). $45. H.K. Govt. J“ Loxin Par.
SELLERS
Union Ins., $480.
Providents (Old), $5,90,
H. & S Hotels, $64. Telephones (Old), $23. Cements, $142.
SALES
Hongkong Bank, $1350, Union Ins., $470. HK Docks, $181. ** Providents (Old), $5.90, H. & S. Hotels, $6.. Yaumat! Ferries (Old), $25.30. China Lights (Old), 58.70, Watsons, $9.
PHILIPPINE MINES
Antamoks Ps,, .411. · Atoks Ps. 37.
Begulo Gold Ps., 26). Benguet Consolidated. Ps., 12.00. Coco Grove Ps., .45. Consolidated Mines Ps., 0025. Demonstratiomas Ps., „14).
I. X. L. Pa, .53.
Paracale Gumaus P3⁄4., 17. San Mauricio Ps., 200. Suyoc Ps., .20.
United Paracale Pa., .73..
HONGKONG SHAREBROKERS'
ASSOCIATION
YOLUME OF BUSINESS TRANSACTED FOR WEEK ENDING
STOCK
Hongkong Banks
Trams
MARCH 17, 1939.
No. of Shares
•2
PRICE $1.420.00 to $1,390,00
760
17.20 to
17.00
H.K. Docks (Old)
3,850
18.00 to
19.35
HK. Docks (New)
429
18.10 to
18.50
Lands
460
38.90 to
Watsons
3.400
9.10 to
36.50 9.00
Telephones (Old)
100
23.00
Telephones (New)
800
*.50
Dairy Farms
1,350
Hotels
2,000
China Lights (Old)
650
20.00 to
6.821 to 9.00 to
25.75 6.85 9.10
China Lights (New)
400
5.75
Providents (Old)
3,250
6.00
Electrics
833
56.50 to
56.75
Yaumati Ferries
500 »
25.00
Sandakan Lights
300
11.10
Star Ferries
200
67.50
Cements
500
14.75
Marsman (HK),
200
$5/6d
Chinese Eng. Mining Co.
113
518/-d
Itogons
4,000
Ps. .33
Masbate
10.000
Ps. 16
10,000
Ps. .441
28,000
Ps..74
Pa 0.78
5,000
Ps. .47
1,000
Ps. .2.20
IX.L..... Suyocs
9.000
Ps. .65
10.000
Ps, .201
East Mindanao
3,000
Ps. 111
Antamoks
United Paracale Coso Grove San Mauricio
MONDAY, MARCH 20, 1939. —PAGE 11
HONGKONG SOCIETY FOR THE
1
PROTECTION OF CHILDREN
under the distinguished patronage
of
H.E. SIR GEOFFRY NORTHCOTE, K.C.M.G.
AND
LADY NORTHCOTE
The ANNUAL BALL
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:
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LAMMERTS' AUCTIONS
PUBLIC AUCTION.
THE Undersigned have received
instructionsS
to sell by
PUBLIC AUCTION
NO
WEDNESDAY, the 22nd MARCH. 1939.
Commencing at 2.30 p.m.
At their Sales Room. No. 35 Hankow Road, Kowloon.
A QUANTITY OF VALUABLE HOUSEHOLD FURNITURK
Comprising:----
Blackwood Ware. Rattan Furni- ture, Teakwood "Wardrobes, Dress- Ing Tables, Chests of Drawers, Sideboards. Dining Tables, Chairs, Carpets, Rugs, Typewriter Tables, Cabinets, 'Divans, Bookcases, Elec- tric Lamps, Fans and Heaters; Porcelain. Olass. Brass and Alu- minium Ware, Cutlery, Pictures, - | Clocks, Cooking Utensils, etc., etc. -
co
2 Radio Sets
1 Vacuum Cleaner
2 Chesterfield Suites
1 Teakwood Bed Room Suite
1 Teakwood Dining Room Sulte
"
At 3.00 p.m.
One "Flat" two Seater Roadster
(in good running order).
On VIEW from TUESDAY, the 21st MARCH, 1939.
Terms: Cash on Delivery.
LAMMERT BROS.,
AUCTIONEERS.
What do
you want?
If there is anything you want to buy or sell,
try & small Classified advertise- ment In the Hong-, Yong Dally Press.
25 words $1.00 prepaid
for 3 insertions.
Now On Sale
1939-
EDITION
DIRECTORY &
CHRONICLE
OF CHINA, JAPAN, MALAYA, PHILIPPINES, INDO-CHINA, NETHERLANDS INDIES, ETC.
PUBLISHED SINCE 1852.
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