י
HONGKONG DAILY PRESS
Finance and Commerce
DEPRECIATION OF NATIONAL DOLLAR IS ASSOCIATED WITH WANG'S POLITICAL ACTIVITIES
(From Our Own Correspondent)
SHEKKI, June 9.-The depreciation of the national dollar has brought about a simultaneous slump here in the provin- cial currency, which was exchanged this morning at the rate of 336 Hongkong currency for S100 Kwangtung currency. The normal rate was $40 H.K. for $100 local money.
The
new
The rise of the Hongkong dollar form a government under Kuomin- has resulted to higher cost of tang auspices by calling a living, as many necessaries are Kuomintang Congress. imported from Hongkong.
Local Comment price of imported rice will "go
Pointing out that there has been up corespondingly. Export trade no sudden change in the military should be facilitated by the slump and political situation which just!. of Chinese currencies, but owing fies the sharp decline of the Na to poor communication facilities tional Dollar, the "Sing Tao Jib very little goods pass through Pac-in-a-leading article yesterday, here for the outports. Some high-asserts that the alump of ways are torn up, and buses are legal tender on the Shanghai and subject to bombing and strating Hongkong markets is merely by Japanese planes.
natural phenomenon in the currency war between China and Japan...
the
a
Wang's Activities While the official reason for the fall of the Chinese dollar is to Japan, the journal says, has so prevent its being exchanged in far Hittle to gain in this war as large amount for yen, it is rumour- the value of yen is at lower ed that the coming emergence of than that of the Chinese Dollar. Mr. Wang Ching-wet in political The paper belleves that the activities is a factor for the depre- downward slide of the legal tender, ctation of the Chinese dollar. The ta helpful to China's wartime asue has come to a head follow economy as it places a virtual ing the order of the National restriction on the import of foreign Government It Chung ng to goods. arrest. Mr. Wang Ching-wel be- cause of his communication with the Japanese.
Readjustments Likely After readjustments, it is" cx- pected to return to its normal
It is reported that the Japanese value. has persuaded Mr. Wäng to be- To prevent further drops in the come the Chairman of the Joint dollar, ways and means should be Commission of the Puppet Gov-devised to divert Chinese. capital ernment in Pelping and Nanking now fosting in large quantities
as a prelude to being president of in Shanghai and Hongkong to the
A new "Central Government" Southwest for reconstruction pur- comprising all the occupied areas.poses, the paper suggests. This scheme is meeting the opposi-
The paper urges continual
tion of the puppets in the Re-support of the Chinese dollar on formed Government 'n Nanking the part of Britain. and the Provisional Government In Petping..
ad.
The "Ta Kung Pao," in a lead- erette, regrets that the financial Visit To Japan
authorities have falled to take any Vernacular press here reported action in connection with the de that Mr. Wang Ching-wei went to eline of the dollar.. Measures Japan on June 2 to see Prince should be immediately devised to Fuminaro Konce and Premier stabilise its value, the paper Kichiro Hira numa concerning vises. organisation of a new puppet regime and liquidation of the "China Incident." In the eyes of Chungking. Mr. Wang has placed Himself in a disagreeable position. It is even reported that he may
ADVERTISEMENT
LONDON METALS
EXCHANGE
London, June 8 (Reuter),
COPPER
buyers £
H. K. STOCK EXCHANGE
In spite of the break, occasion ed by the celebration of His Ma- Jesty's birthday and the precoed- ing half holiday on Wednesday, our market displayed considerable activity and good advances were recorded in nany stocks; closing with buyers still unsatisfied and likely to absorb any offerings at reasonable rates.
BUSINESS DONE DUBING THE WEEK
HK. Bank, $1420, $1400, $1410.
31420.
Waterboats: $8.
H.K, Wharves $110, $110), $110. H.K. Docks, $18, $18.15, $181. Providents, $4.85, $4.90, $4.95.
Hotels. $5.00,
H.K. Lands, $361, $261, $37 $37.10. Tramways, $16.80, $16.70, $17.00.
$17.10, $174, $17.20, $17.30. China Lights (0), $8.90. Chins Lights (N), $5.70. Electrics, $58, $561, $581, 3562. Telephones (O), $24 Cements, $13,85, 14.
Dairy Farms (0) $22; $22.10,
$22.20.
Watsons. $8.35, $8.40, $81, $9.70,
$8.85 $8.80, $8.90. Govt: loan 1/8% prem. Marsmans (HK), 4/-. Shanghai Cottons, ex, div. $109.
BUYERS
FINANCE
KIRIN
The
B
E
E
R
Choice of
The Multitude
Sole Agents par
H. HONDA & CO.
Tal. 20790.
HONGKONG
SHAREBROKERS'
ASSOCIATION Volume of Business Transacted
on Friday, June 9, 1939 · · H.K. Banks
20 $1,400.00
Lands
200
37.10
Lands
100
37,15
China Lights (0) 400
8.85
China Lighta (0) 500
8.90
Watsons
200
8.85
Macau Electrics ...
.100
17,50
Waterboats
140
8,00
China Underwriters, $1.45.
Kowloon Buses
500
13.50
Electrics
50
56.50
Telephones (0)
10
24.00
3.80
H.K. Banks, $1385. Union Ins., $440,
HK. Wharves, $110. HK, Docks, $18. Providents, $4.85. H.K. Lands, $37. Humphreys, $31.
HK. Tramways, $17.15... Star Ferries, $56).
Yagmati Ferries, $23.70. China Lights (O), $8.20. China Lights (N), $5.70. Canton Ices," $1.10. HK. Ropes, $3.70. Watsons, $8.85. Wing On (HK.). $41. Wm. Powell Ltd., $.90 cents. Entertainments. $8.80. Constructions, $14.
HE. Govt. 4% loan 4% pm. Marsmans, 4/-. »
SELLERS
HK. Banks, $1410. H.K. Wharves, $111. H.K. Docks, $18. Providents, $4.96. HK. Realties, $5.05. Yaumati Ferries, $231. Watsons, $9.
SALES
Standard, Cash 42-1/8 Standard,
3 months 42-1/2
sellera £ 42-3/18
42-0/18
H.K. Banks, $1400.
STIN Standard, Cash 225-1/2 Standard,
225-3/4
HK Wharves, $1104/110.
4.
HK. Docks, $18.35.
H. & S. Hotels, $5.80.
223-1/4
PUBLIC AUCTION. Electrolytic 47-3/4 48-1/2
THE undersigned will bell by
Public Auction on Monday,
3 months 223
LEAD
the 12th June, 1839, commencing Foreign, at 10.30 a.m. at No. 5. Devon Road, Kowloon Tong.
A QUANTITY OF VALCABLE AND HIGH-CLASS HOUSE-
HOLD FURNITURE
Comprising:-
Brass and Teakwood Bedsteads.
Teakwood Dressing Tables, Ward-
Official Price 14-3/8
14-7/16
Foreign. Oficial
3 months 14-1/2
SPELTER
14-9/18
Ordinary,
Official Price 14-1/16 14-1/8 Ordinary, Oficial-
3 Months 14-1/4 14-5/16
Final Afternoon Transactions.
Tin, Standard, Cash £223-1/2
robes with mirrors, Camphorwood sellers.
Cupboard with double mirror, Tin, Standard, 3 months, £223
Teakwood Book-cases, Teakwood paid and sellers."
Round Tables and Chairs Teak- wood Bideboard; Teakwood Ches- terfeld Couches, and Armchairs,
Union Ins., $465.
H.K. Lands, $37/37.15. HK Tramways, $17. China Lights (O), $88.85. China Lights (N), $5.85, HK Eectrics, $58. Watsons, $8.85..
Dairy Farms (0), $22.20.
PHILIPPINE GOLD MINING QUOTATIONS Friday, June 9, 1939.
Antamoks
Atoka
Centavos
24
284
Demonstrations
11
Mindanao
11
Masbates Consol.
114
Ipo Gold
19
Mine Operations
15
Paracale" Gumaus San Mauricio
18
1.02
United Paracales
473
Week-ended
June 8 $553,000,000
Surigao Consol
23
North Camarines
*33
Market Comment-Quiet.
New York, June 8 (Reuter). Loan on securities to brokers in
Teakwood Ice Chest and Cup- boards, Brackets and Lampshades, Parlour Lamps with iron stands: New York:-- Porcelain Flower Stands, Iron Garden Tables and Chairs. Rattan: Deck Chairs and Arm Chairs, &c., KC.,
Blackwood
Curio Cabinets,
Square Tables and Armchairs,
Week-ended
Jume 6
$568,000,000
Writing Tables, Mahjong Table WEEKLY RETURNS AND REPORTS
Stools and Nightchairs, &c. &c.,
Dairy Farms (N) 11/68.
YUNNAN-BURMA HIGHWAY
KUNMING, June 9 (Int'l)--The and highway between Yunnan Burms is in perfect running "order and can be used even in rainy sea- son, it was disclosed here to-day. Officials of the Ministry of Com- ngunications recently made an Inspection of this International highway and found it in perfect con- dition.
The Yunnan Provincial Govern- ment played a leading part in the early completion of this route, which connects China to the outside world by an overland route. This goes to show that the Japanese blockade of the China coast, docs not hold up any imports from other countries.
40, Jobaaton Road, Hong Kong.
SATURDAY, JUNE 10, 1939. -PAGE 11
PUBLIC AUCTION.
LAMMERTS' AUCTIONS
TE Undersigned have received
Instructions
PUBLIC AUCTION.
to sell by
PUBLIC -AUCTION
SATURDAY, the 10th JUNE, 1939 THE Undersigned have receive
Commencing at 11 am.
'
"}
At their Sales Room, No. 2. Connaught Road, Central.
For Account of the Concerned
2 Cases Woolien Piece Goods
10 Bales Woollen Piece Gocds
1 Case Sample books
Terms: Cash on Delivery.
LAMMERT. BROS..
$43 PREJDERS PROK
MOVADO
ACVATIC
AUCTIONEERS.,
Leading the World Ini Watch Value
obtainable from all leading Stores in Victoria & Kowloon,
Sole Agents-CHINESE TRADING CO.
Bank of East Asia Bldg. 4th Floor.
Use
STALEY'S CUBE STARCH
NO MORE
OBTAINABLE
WASTE GUESSWORK
HUNG CHEONG
Tel. 57109.
66, Nathan Road,
Kowloon.
Instructiona
to sell by
PUBLIC AUCTION
TUESDAY, the 13th JUNE, 1939
Commencing at 2:30 pm.
At their Sales Room, No. 3
Hankow Road, Kowloon.
A QUANTTIT OF VALUABLE HOUSEHOLD FURNITURE
Compriskig:
Bedsteads, Wardrobes: Dressing. Tables, Chests of Drawers, side- boards, Dining Tables, Chairs, Chesterfield Sultes, Ice Chests, Desks Bookcases, Glass Cabineta." Carpets, Rugs. Ornaments. Cut- lery. Porcelain, Glass, Brass, E. P. | and Aluminium Ware, Sewing Machine, Gramophones and Re- carda, Radios, Electric Goods, etc.. etc.
also
A FEW PIECES OF BLACKWOOD
FURNITURE
On "VIEW from MONDAY,
the 12th JUNE, 1939.
Terms: Cash on Delivery.
LAMMERT BROS..
BROKERS LOANS
BANK OF ENGLAND
London, June 8 Beuter).
May 25
June 1
£
38,340
18.400
82,390
100,620
37,090 219,490
28,100
188.720
118,070
118,180
·Discounta· and' Advances Securities
8,000
7,800
21710
22,310
20,710
30.410
26,940:
23.380
226,720-
228,750.
499,780
408.370
18.29%
Price of Gold at Which Holdings are valued
148/5
148/4
Large and Small Tientsin Carpets
1 Morrison Electric Plano Player
with music rolls
1 Sextant by Keufe & Essex Co.,
England, with tripod.
1 Perfection non-electric Vacuum
Cleaner
1 Crossley Cabinet Receiving: Bet
Palm and Ferns in pots.
On VIEW from. BUNDAY,
11th JUNE, 1930.
Public Deposits Other Deposita:--
Bankers Other Accounts
Total
Government Securities
* Other Securities:—
• Total .. *****
Notes and Coins
Notes in circulacion
Patio of Reserve to Liabilities
Total Bullon
FEDERAL RESERVE SYSTEM
CHINA AUCTION,
ROOMS
French Bank Building. Hong Kong, 7th June, 1939.
Bills Bought azon UB. Securities Held Federal Reserve Ratio Federal Reserve: Creditā Monetary Gold Stock Industrial Adrance
New Yorz, June 8 (Reuter),
June, 1994 ? Juna sí
(000′s dimitted)
1000
$2,564,000
85,48% $2,673,000
12,487,000
1000 42,564,000 25.68% 2,576,000 $15,256,000 15.987,000 12,419,000
THORNYCROFT
Here's a REAL boon to boatowners!
cylinders
the
HEAVY OIL
THORNYCROFT
HANDYBILLY
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.
Bore, 31 (89 m.m.); Stroke, 4 in. (114.2 mm.); Displacement, 86.5 cu ins. (1415 c.c.).
speed 1,100 r.p.m.
Tailshaft speed: 700 r.p.n
Fitted with combined reducing-reversing gear
THORNYCROFT
stands for
Satisfaction
FOR FURTHER PARTICULARS
APPLY TO OUR
HONG KONG OFFICE.
TEL 223
ST. GEORGE'S BUILDING 1ST FLOOR
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