HONGKONG DAILY PRESS
Finance and Commerce
SHARE MARKET WEEKLY RETURNS AND REPORTS
REVIEW
Harriman, Blake & Co.
Markets have again followed the usual trend of recent weeks and the turnover, has been small owing to a great extent to the reluctance of holders to part with shares at present levels, which in thema- jority of cases are returning any- thing in the neighbourhood of 6 to 12 per cent, and although there WAS considerably more enquiry with about ten buying orders to each selling orders they were at limits which were mostly unwork- able, and which unfortunately con- tinues to keep the volume low, but) when the public begin to realise the marvellous ppportunity they have for investing at present
levels we shall resume as steady upward trend for a long period, and we fully believe before Septem- ber is reached we shall be in a real "bull" market once again.
The amazing earnings of all our Utility companies must eventually! be reflected in prices of local Securities and portrend a definite upswing in the near future.
Although, London register has been practically unchanged Banks
1
Public Deposits Other Deposits:-
Bankers..
Other Accounta
Total
BANK OF ENGLAND
London, May 26 (Reuter
May-11
May 18
£
£
16,800
23,490
107310
95,350
36,150
36.370
149,400
131,720
Government Securities
113.510
113,970
Discounts and Advances Securities
10,080
7.100
21,370
21,710
31.330
Notes and Coins
28.810
33.170
33,200
228.790
226,780
493,620
20.69%
-148/5d.
Other Securities:-
Total
Total Bullion
Notes in circulation
Ratio of Reserve to Liabilities
Price of Gold at which Holdings are valued
FEDERAL RESERVE SYSTEM
Bills Bought
U.S. Securities held
Federal Reserve Ratio
Federal Reserve Credit Outstanding.. Monetary Gold Stock Industrial Advance
Weekly Wheat Report
Liverpool, May 16. The following weekly rubber re-i Port has been issued by Messrs. Reynolds and Gibson through the courtesy of Messrs. Payne and Co. Hongkong.
494.560
20.48% 148/5d.
New York, May 23 Reuter).
May 18
May 25 (000's omitted)
3
- 1,000
FINANCE
KIRIN
The
B
E
E
Choice of
The Multitude
Sole Agents
R
H. HONDA & CO.
2,584,000 85.37% 2,576,000
15,803,000
1,000 2,564,000 85.48% 3,576,000 15,927,000
Tel 10790.
12,786,000
12,825,000
YEN WEAKNESS CONTINUES
SHANGHAI, May 26 (Reuter} -The yen weakness continued this morning; bayers paying 95 National cents, compared with 951 'yesterday afternoon.
LONDON METALS
EXCHANGE
improved to $1.400. Unions to arm buyers at $435, and Wharves to $108 Hongkong Electrics were on the easy side at $56, as few Liverpool—U.K. and Continentali Chinese Holders were contemplat- demand has been somewhat quieter ing the possible effect of Taxation, and the market has been dull and Foreign Holders however con-rather featureless.. Far Eastern tinued to pick up any parcels demand for Australian, however, offering. H.K. Lands were a good shows`no sign of abating and it is market from $34 to $35.50 at which rumoured that the deficiency in
buyers sellers buyers continue strong at the Spain is larger than expected and
42-3/16 close.
that further good purchases of Electrolytic 47-1/4 48-1/4 Watsons picked up to $8, Docks Plate wheat may be anticipated
E to $18, and Realties were wanted from this source.
Standard. Cash 41-13/18 41-7/8 Standard.
11
London, May 25 (Reuter).
COPPER
3 months 42-1/8
TEN
at $4.60 without attracting sellers, The two Government reports of course, as a holding Company this week had little or no effect any marked improvement in the
on prices, although the American
Standard,' Cash 225-3/4 238 local market will be sharply re- Bureau was slightly above market Standard. flected in this particular stock expectations. On Tuesday the Dairy Farms were firm at $22, and Dominion Bureau of Statistics Trams were wanted at $16.60. issued estimates of farmers' plant Manila tried hard to improve, but ing "intentions" (a thousands of lost small gains oh San Mauricios, acres): United Paracales, etc., to close al- most unchanged on the week.
CLOSING, COMMENT Hongkong Market showing signs of more activity with more en- quiry and fractional improvement all round.
All Canada (Spring Wheat) Intentions to. Plant 1939: 25,336: Actual Acreage 1938: 25,188. Actual Acreage 1937: 24,851.
of the US. Department of Agricul-
On Wednesday the Statistician;
ture issued the following report of
Manila Market appears to be winter wheat conditions
rather in the dolldrums at present May 1 (in business):--
with no redeeming feature worthy
are up to expectations and no
of note, however, production figures
doubt this market will also have
an advance when the present luil
Ls over.. San Mauricios closed the
い
Production (Winter Wheat)
on
As on May 1, 1939: 543,928,000, Actual Outtura 1938: 586,637,000. Actual Outturn 1937: 685,824,000. The area under crop is 38,930,000
week with the declaration of a 3 acres compared with 50,867,000 at centavos dividend to the second this time last year and 46.173,000 quarter of 1939.
NEW AERO - MOTOR FACTORY
A new factory, costing several millions sterling, for the manufac- ture" of Rolls-Royce, aero engines is to be set up in the vicinity of Glasgow.
Production of high-powered en- gires is officially expected to begin in twelve months' time. The fac tory, which will be established and managed for the Air Ministry, the Rolls-Royce company, wil employ approximately 10.000 men.
sown last December. The area abandoned is 7,237,000 acres, com- pared with 5,678.000 acres based on the May estimate last year and 10,246,000 two years ago. Rainfall this week has been trregular and there have been further complaints of deterioration over wide areas. In the North-West rain is needed immediately,
It was announced on Thursday been, signed between Great Britain last that a trade agreement had and Rumania. One of the features of the agreement is that the British Government undertakes to purchase 200.000 tons of the 1939 Ruinanian crop at world prices provided a sufficiency is available.
Chicago prices have improved
At the beginning of March. Scandinavian orders for more than under the leadership of the May 90.000 toria of Durham gas and position and the dryness of Win- coking coal were announced jonter and Spring areas. It is report- Newcastle Exchange.
ed that in much of Kansas the sub-soll moisture reserve is almost exhausted. Cash wheat is tight and a big fire at a Chicago-éleva-
ADVERTISEMENT tor has increased the scarcity of
PUBLIC AUCTION
tenderable grades."
Winnipeg improved In sympathy with Chicago and on reports of Saskatchewan, and Alberta. The market later declined under heavy
THE undersigned have received realizing Sentiment was also In-
Instructions
to sell on
TUESDAY, the 30th MAX, 1039
Commencing at 11 am.
ப
in Godown No. 51 of the Hong Kong & Kowloon Wharf & Godown Co. Ltd., Kowloon.
115 Bales New Gunny Bags
Terms: Cash on Delivery.
Guenced by the British Govern- ment's agreement with Rumania to purchase wheat
The price level still appears: cheap and the market seemis quick- ly responsive to crop scarces. We continue to advise purchases on recessions for moderate profits.
MOVE TO INCREASE U.S. IMPORT TRADE,
NEW YORK, May 26 (Reuter)— The U.S. Secretary for Commerce,
For further particulare &c., ap-Mr. Hopkins, announced the in-
ply to
CHINA AUCTION ROOMS. French Bank Building.
1st Floor
Hong Kong, 24th May, 1339;
tention of a group of specialists to explore intensively, the possibility of increasing United States import trade,pag
Mr. Hopkins declared that the country's $1,000,000,000 export balance last year did not represent
wholesome situation.
3 months 223-3/4
224
LEAD
Foreign.
Official Price 14-3/8 Foreign Oficial
14-1/2
14-5/8
3 months 13-9/16
SPELTER .Ordinary,
Official Price 13-15/16 14-1/16 Ordinary, Official
14-1/18
3 months 14 Final Afternoon Transactions Tin, Standard, Cash, £226-1/4 buyers.
Tin, Standard 3 months. £224- paid and buyers,
G.
40, Johnston Road, Hong Kong.
SATURDAY, MAY 27, 1939.—PAGE 11
PUBLIC AUCTION. LAMMERTS' AUCTIONS
THE Undersigned have received
THEinstructions
to sell by,
PUBLIC AUCTION
WEDNESDAY, the 31st MAY, 1939
Commencing at 11.00 am,
At No. 1, Lyeemun Building. Kowloon
A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE
On VIEW from TUESDAY, the 30th MAY, 1939
Terms: Cash on Delivery.
LAMMERT BROS..
R.
AUCTIONEERS.
REGISTRATION OF BRITISH SUBJECTS.
Under Ordinance No. 1 of 1939. every British subject who was resident in the Colony on 31.3.39 must make and sign a return in the prescribed form, giving the information and paniculars specified in the form, and must deliver the return to the Commissioner of Police on or before 31.5.39. The following British subjects are exempted from this requirement
(a) persons of Chinese race!
(b) members of His Majesty's regular Naval, Military or Air Forces and the
Hong Kong Police Force;
(c) females
(4)
persons under the age of eighteen years;
(e) persons of and over the age of fifty-five years.
Forms can be obtained from all Post Offices. Police Stations and Travel Bureaux or from the Registration Office.
WARNING.
Proceedings will be taken without further warning agalust any British subject who is required by law to register and who has failed to do so on or before May 31st, 1989.
THORNYCROFT
Here's a REAL boon to boatowners!
cylinders
the
HEAVY OIL
THORNYCROFT
'HANDYBILLY'
Børe, 34 in. (89 mm.);
Displacement, 86.5
Engine speed: 1,100 r.p.m..
operated on the Hesselman principle and, with very little increase in weight or overall dimensions, combines the lighter weight and smoother running of the petrol engine with the low fuel cost of the diesel,
9
H.P.
Stroke, 43 in. (114.2 m.m.);
(1415 c.c.).
Tailshaft speed: 700 r.p.m.
Fitted with combined reducing-reversing gear.
THORNYCROFT
stands
for Satisfaction
FOR FURTHER PARTICULA RS.
APPLY TO OUR
HONG KONG OFFICE, TEL: 2226
GEORGE'S BUILDING, IST FLOOR:
PUBLIC AUCTION.
HE Undersigned have received"
instructions
to sell by
PUBLIC AUCTION
SATURDAY, the 27th MAY, 1939
Commencing at 16,30 am.
At No. 134, Austin Road, 1st Floor,"
Kowloon.
A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE
Including
One Dining Room and one Bed Room Suites
and
One Frigidaire,
On VIEW from FRIDAY, the 28th MAY, 1999.
Terms: Cash on Delivery.
LAMMERT BROS.,
AUCTIONEERS.
PUBLIC AUCTION."
།
THE Undersigned have received
instructions
to sell by
PUBLIC AUCTION
TUESDAY, the 30th MAY, 1939
Commencing at 11.00 am.
At No. 2, "Abermor Court")
May Road
A QUANTITY OF VALUABLE HOUSEHOLD" FURNITURE,
also
One Upright Piano by "Moutrie"
and
One 11-Tube "Philco" Rac
Gramophone
"On Vasw from MONDAY, the 29th MAY, 1939
LAMMERT BROS.
AUCTIONERADS,
PUBLIC
AUCTION.
HE Undersigned have received
"instructions
to "sell by
PUBLIC AUCTION
WEDNESDAY, the 31st MAY, 1939
Commencing at 5.15 p.m.
At their Bales Room, No. 2, Con- naught Road, Central (Room No. 205, 2nd Floor);
A VALUABLE COLLECTION OF POSTAGE STAMPS
On VIEW, from: TUESDAY, the 30th MAY, 1939-
18: Canon Delivery,
LAMMERT BROS