M
HONGKONG DAILY PRESS
Finance and Commerce
Weekly Rubber Report
The following weekly rubber re port has been issued by Messrs.
Reynolds and Gibson through the courtesy of Messrs. Payne and Company, Hongkong.
REYNOLDS AND GIBSON RUBBER
ก
WEAKNESS OF THE YEN: FINANCIAL SITUATION
IN SHANGHAI REVIEWED
SHANGHAI, May 31 (Beuter) The yen was this morning be- ing bought at 94) National cents."
Commenting on local exchange and financial markets, “Fin-. ance and Commerce," leading inancial weekly, states, in refer. ence to the new Hua Hsing bank notes "recently introduced in Hongkow, Finance and Commerce has now obtained first- hand information to the effect that neither export nor import control is being contemplated in Shanghal of Central China."
FINANCE
| HONGKONG
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted
on Wednesday, May 31, 1939, Wharves
200 $109.00 Wharves Trams Watsons Yaumati Ferries China Lights
This amazing new tire
100 108.00
400
18.65
1,000
200
8.25 22,85
1,000
8.60
stops your car quicker, safer than you ever stopped before.
See
PHILIPPINE GOLD MINING
Bagulo Gold
QUOTATIONS.
Wednesday, May 31, 1939.
Centavos
Antamoks
27
34
Coco Grove
351
Consol, Mines
90.25
Itogons
the
2:24
San Mauricio
1.06
United Paracales
51
North Camarines
35
In these circumstances, paper adds, it appears that the bank notes must stand on their
merita. own
The Journal states that, the only policy to adopt re- garding Hua Hsing notes is "walt
Market Comment--Very Dull,
Liverpool, March 28, 1939 London. Our market has kept very steady all week with gradual tendency to advance dur- ing the last day or so. Political conditions are not suficiently stable to • Warrant
manufac-Fed. Malay
States 27,512 26.603) turers, and those speculative-Unted. Malay States 17,120 16.728) ly inclined, buying on any big scale, whilst on the other hand,
48,337 47,042 producers display some difdence In offering ahead. Yesterday we
From the point or view of con- were informed that the estimate of sumption, accounts read quite en- of the yen in Shanghai, “Finance Turning to the recent gyrations Matayan shipments for March had couragingly. In Great Britain, ac- been revised upward to 40,000 tons cording to the Society of Motor reports to the effect that the Man- LONDON. May
and Commerce" quotes Japanese against last week's forecast of 38 Manufacturers and Traders 2,329.- chukso authorities have decided to chequer returns show that the 000 tons which, in any case, in777 vehicles are now licensed com-lift the partial ban on the export total of ordinary revenue amounts dicated excess shipments for the (pared with 2,175,319 units a year of soya beans and bean oil to Cen-to eurrent quarter from that terri- tory.
H
The Malayan Information Agency bas published the following up
country figures;
Productsn-Malaya Estates of 100 acres and over:
ago
and see."
.*
EXCHEQUER RETURNS
31 (BW8)-Ex-
£97,720,524, against E01.- 887.63 a year ago. Soya Bean Trade
Customs have yielded £38,773,- this decision by pointing out that the same period of the last finan
The paper proceeds to explaini (000, compared with £34,498,000 in the stoppage of the soya bean ex-cial year. port trade was one of the causes for the drop in the yen's value in balancing items, is £170,726,470, The total expenditure, less self-
Shanghal
[against £134,794,678 at the "Finance and that the immediate cause of the
Commerce" adds responding date of 1038,
yen's weakness is because the local supply is much greater than the demand, but it' asserts that there local market and some of these are more fundamental reasons for are intimately. connected with the weakness than conditions of Japan's economic position."
In the USA., the Chairman tral China. of the Goodrich Company believes that the rubber industry has comme into 1939 with high hopes of a good business year." for with a forecast of automobile production of 3,400 000 cars and trucks, an increase of Feb. Jan.4 million original equipment tyres tons this year is indicated compared bona Straits Settlements 1,317 1,564 with 1938: Latest returns of tyres Fed, Malay States 9,421 10.679 in the US.A. are as follows:- Unfed, Malay States 6,952 7,651
Feb. Jan. Production
3.739,000 4,163 000 17.690 19,894 Deliveries
4.344,000 4,581,000 Stocks
9,573,000 8,932,000 We have" faith, in the future rubber providing European dim- Jan. culties can be surmounted and tons trade transacted under more paci- 5,770 flc conditions. 3.194
Stocks
Held by Dealers:
Fetr. tons Fed, Malay States. 5.374 Unfed. Malay States 3,132
8.500
Froducton-Malaya
Estates under 100 acres
Feb.
tons Straits Settlements 745 Fed. Malay States 2.942 Unted." Malay States 3,597
Movements of Rubber in London and Liverpool for week ending 5.964 March 25, 1939:
London-Landed, 170 tons; De- livered. 873 tons; Stock, 47,216 tons: last year, 49,557 tons. Jan. Liverpool-Landed. 679. tons: tons Delivered, 755 tons; Stock, 25,723
687 tons; last year 25,543 tons. 6,339 New York:-This market has 5,654 been largely under the influence
cor-
Development Of Industries In Macao: Chinese Interest
The development of industries in Macao has been an in- teresting study to many of the Chinese Industrialists and mana- facturers who are intending to make investments, if circum- stances allow, in the Portuguese Colony.
It will be recalled that am Investigation party, sponsored by the Chinese Manufacturers' Union, Hongkong, visited Macao last month and members were satisfied with a bright future after an exchange of views with the authorities.
uf Wall Street fluctuations. As in 7,284 12,800 the UK, the trade has only bought ment' ardent desire to stipulate tion is always very helpful.
"It is the Portuguese Govern- in every respect and his co-opera- cautiously, for the approach of industrial development in all the It is also understood that with the tyre inventory to the ten mil- Portuguese colonies and it feels the desire of those in industrial. lion mark" as shown above, has that certain regulations are need- jas well as in commercial circles. Jan. sounded a note of caution despite ed to prevent the establishment of Mr. Foo has planned a big scheme tons optimistic forecast with reference conditions that will tend, 3,708 to consumption.
as a for such a purpose which is matter of fact, to impede, rather under way,
Stocks 可 Estates of 100 acres and over:
Feb.
tons -
Straits Settlements 3,705
靠可用耐油漆牌腦賂
PAINTS, ENAMELS.
VARNISHES & SPRAY LACOUERS
DURABLE & ECONOMICAL
MANUFACTUNTO OY
THE NATIONAL LACQUER & PAINT PRODUCTS CO., LTD.
KING'S ROAD, HONG KONG, TEL. 31661-3
品出司公限有油漆裝
SPEED
EASTWARD
FROM SEATTLE IN
"SOLID
COMFORT”
"ON THE
COMPLETELY
AIR CONDITIONED
Olympian
You'll enjoy its smooth, gliding swiftness, over the shortest routs of longest electrification.....its luxurious accommodations and friendly service... its sumptuous meals...its inviting beds
the freshness of lis air conditioned equipment. You'll meer discriminating travelers who prefer to traves Milwaukes...you'll thrill to magnificent scenery. Include" the Journey between Seattle and Chicago on The Olympian or a port of your itinerary,
For further information inquies of your nearest storm-
ship offos, Gay Travel Bureau, `pr
BRIG MARSHALL, Agent
1902 Goverment St. Victoria, BC,
J.J. CALKINS, General Agent
793 Granville St., Vancouver, BC..
SF. RANDALL, Did. Passager Agent
461 Market St., San Francisco, Cal
J. F. BAHių Aši, Gen. Fassenger Agent
180. 3. HATKES, Paos. Traffic Mgr.
ERAUKEE)
THE MILWAUKEE ROAD
than stimulate, industrial expan-
sion." states the despatch sent to Hongkong Manufacturers
the
Union in explaining the industry decree and that Chinese invest- ments are wholely welcomed.
com.
"Advantages will, always accrue from the establishment of panleg as Portuguese concerns. t other words, companies legally re- gistered in the commercial courts as Portuguese concerns enjoy cer- tain privileges," continued the despatch.
The following information must be furnished by applicants for the establishment of new industries:- -Total proposed output of the factory:
Number of employers;
Capital to be invested, or al- ready invested, in the business; Financial facilities obtainable: And the exact locality of the factory.
Mr. Foo Tak-lam, leading in- dustrialist who is now running A many monopolies in Macao, has ¡left no stone unturned In plan- ning and developing the Colony
WEATHER REPORT
"HONGKONG ROYAL OBSERVATORY
10 a.m., May 31..
Barometer (at sea level), 29.82 ins. Temperature, 74 F.
Humidity, 03 per cent. Wind Direction, E/S Wind Force (Beaufort), 5. Temperature; maximum yesterday,
79 F... Temperature; minimum last night..
.74 F.
Rainfall for 24 hrs. ending 10th
to-day, 0.44 ins
Total rainfall since January 1st
41.25 ins,
Against an average of. 22.37 ins Sunset to-night, 7.03 p.m. Sunrise to-morrow, 5.38 a.m
4 p.m., May 31. Barometer (at sea level), 29.77 ins Temperature, 76-
Humidity, 82 per cent. Wind Direction, E/87 Wind Force (Beaufort) 6 Maximum temperature 78 F. Minimum temperature, 74 F. Rainfall, ni, O
́ERS JRAPSESZ525252525252
now
us for a demonstration.
THURSDAY
GOODRICH LIFESAVER 1READ.
has never ending spiral
bars that act like windshield wipers,
sweep water right and left, force it out through deep
grooves and make a dry track which rubber can grip.
JUNE 1, 1939. —PAGE 11
LAMMERTS' AUCTIONS
PUBLIC AUCTION.
nie: Undersigned have rece
Instructions
to sell by
PUBLIC AUCTION
On
THURSDAY, the 1st JUNE, 1939"
Commencing at 11.00 a..
At their Sales Room, No. 2, Connaught Road, Central, Ground Floor.
A QUANTITY OF HOUSEHOLD FURNITURE
LAMMERT BROS.
AUCTIONEERS.
Goodrich SAFETY Silvertown
PUBLIC AUCTION.
THE Undersigned have received
foxtractions
to sell by
PUBLIC AUCTION
Sole Importers for China and Hongkong'
CARLOWITZ & CO. Bank of China Bldg.
Tel. 31215.
Local Distributors: KA FOONG TIRE CO.
131. Hennessy Road,
Tel. 24140
Use
STALEY'S CUBE STARCH
NO MORE
WASTE GUESSWORK
OBTAINABLE AT
HUNG CHEONG
Tel. 37709.
CHINESE KWANTUNG OPERA
וי
HONG KONG CHINESE LITTLE THEATRE GROUP
Under the Auspices of
FJ
HONG KONG CHINESE WOMEN'S SOLDIERS RELIEF ASSN.
presenta
SABLE CICADA
on JUNE 1st & 3rd 8. P.M.
DREAM OF THE RED CHAMBER
on JUNE 2nd & 4th 8 P.M.
TAI PING THEATRE
TO HAISE FUND IN AID OF
WAR RELIEF WORK
Tickets Obtainable at:-
H.K. Chinese Women's Soldiers
Relief Association
BOOK EARLY.
68, Nathan Boad
Kowloon.
"FRIDAY, the 2nd "JUNE, 1939:
Commencing at 230 p.m.
At their Sales Room, No. 2. Connaught Road, Central" Ground Floor.
A QUANIITY OF VALUABLE HOUSEHOLD FURNITURE
Comprising:-
Bedsteads, Wardrobes Dressing Tables, Chests of Drawers Chester- feld Suites, Sofas, Sideboards, Dining Tables, Chairs, Desks, Typewriter Tables, Bookcases, Filing and Glass Cabinets, Ice Oberts, Wardrobe and Camphor- wood Trunki, Buitcases, Dinner Service, Tea Sets, Glasses. Porce- lain, E. P.; Brass and Aluminium Ware, Cutlery, Marble Statues, Ornaments, Kerosene Stoves and Heaters, Cooking Stove and Uten- sils, Sewing Machine, Gramo- phones and Records, Typewriters, Elect Table Fans and Lamps, Canvas Canoes, etc., etc.
also
A FEW PIECES OF BLACKWOOD FURNITURE
and
One 1938 Model 11-Tube Radio Gramophone
[Philco!
One 1937 Model 8-Tube. "Talbanks-
Morse" Radio Gramophone One 1938 Model 8-TubePhilco"
Radio Gramophone (Chair- side Model)
One "Zenith Radio Gramophone,
One Radio Bet
One Electric Refrigerator West-
inghouse"
One Electric Refrigerator
daire"
On VIEW from
the 1st JUNE, 1939:
Terms: Cash on Delivery.
LAMMERT BROS.
What do
you want
there
you want
kozia
25 words
adver