HONGKONG DAILY PRESS
Finance and Commerce
London Market WAR RISK WEEKLY RUBBER
Calm
NEW HIGH RECORD
FOR GOLD -
LONDON, ‘Aug. 29 (Reuter) A calm attitude charac- terized most of the markets yesterday, with business re-.. stricted by the imposition of various emergency embar- goed. ༣༥
The Foreign Exchanges, how.
fairly ever, were
active, with further wide fluctuations in the sterling-dollar rate. After open- ing 4.38, the rate fell to 4.10 before rallying to 4.28..
INSURANCE INCREASED
PREVIOUS RATES"
4
DOUBLED
LONDON, Aug. 29 (Reuter) --- The new schedule of war riskı insurance rates, issued by Lon- don underwriters,' show large general increases, many being over 100 per cent.
No rates are quoted for the Baltic and Murmansk' and the rates exclude German and Italian flags.
REPORT
Through Payne & Co.
Liverpool, Aug. 14. REYNOLDS & GIBSON "
RUBBER
LONDON-During the fortnight which has elapsed since our last review, the market has remained very steady, with only tractional movements in prices. The main feature has been the continued good Continental trade demand for spot and nearby shipment. A small speculative enquiry has been noted. but in the main, outside interest is practically nonexistent. There has been evidence of some
Chief increases in cargo war- buying on French account, but the This "appreciation in the dollar risks insurance rates are to French Government enquiry has resulted in a new high recard Portugal and Spain 20/- outward temporarily ceased due to the ho- for the price of gold of 151 and homeward. to South Africa lidays in France over the last few shillings.
and East Africa not via the days.""
*
Silver declined 15/18ths to Mediterranean 60/- outward and The following figures are taken 19 1/8th perice on Indian sale, 407- homeward: and via the from the July issue of the LR on finding 110 receptive market, Mediterranean 60/- outward andį R.C.'s Bulletin-
Among the commodities, wheat 80/- homeward. and base metals were firm.
STOCK EXCHANGE .... On the Stock Exchange, gold mining, and ofls were marked reflecting the higher gold price and the strength of the dollar. respectively.
There were no oficial dealings in internationals owing to the Treasury's ban on dealings of certain overseas securities.
STERLING DECLINES
NEW YORK, Aug. 29 (Reuter)—In the Foreign Exchange market sterling again declined, reflecting the further stress in Europe during | the week-end. However, there was
a little business, with rates purely
nominal.
Other European exchanges were
World Shipments June 1939,
All of the foregoing rates are | 85,147 tons: May 1939, 70.490 tons double the previous rates."
(adjusted); June 1938, 71,195 tons. (adjusted).
World Absorption. June 1939,
To the East, Far East, but not north of 20 degrees Lat. the rates are 20. outward against 15/- and 40-| 88.026 tons; May 1939, 88,453 tons homeward against 20/-. North of (adjusted); June 1938, 71,820 tons 20 degrees, the rates are 25/- out-] (adjusted) ward, against 20/- and 45/- home- ward against 25-
1:
LONDON METALS
f
EXCHANGE London, Aug. 28 (Reuter).
COPPER
buyers sellers
£."
£
World Stocks and Afloats, June 1939, 375.716 tons; May 1939, 897,- 748 tons (adjusted); June 1938. 547,903 tons (adjusted).
for July from the Shipments customary centres of production
FINANCE
H. K. STOCK
EXCHANGE
The Trading Board to-day only records a very few transactions, but this is no criterion of the state affairs. There are quite a num- ber of enquiries spread over the list, but the market Is bare of scrip, and holders are districlined to trade at to-day's levels.
BUYERS
HK, Landa, $319. HK. Tramways, $142. China Lights (0), $8.90. Dairy Farms (0), 319),
SALES
HK. Bank, $1200. HK. Lands, $31/33). H.K. Tramways, $154. Dairy Farms (0), $191.
PHILIPPINE GOLD MINING QUOTATIONS
Atoks..... Antamoks Baguio Gold Batong Buhay
Big Wedge" Coco Grove
WEDNESDAY, AUGUST 30, 1939. -PAGE I
K. M. A.
CERAMIC & REFRACTORY PRODUCT
CLINGER PAVING,
BUILDING
& FRE -BRICKS
STONE-
-WARE
PIPES &
GLAZED
TILES
LAMMERTS' AUCTIONS
PUBLIC AUCTION.
THE Undersigned have received
instructions
to sell by
PUBLIC AUCTION
on
Ask for our Illustrated Catalogne-Compare our Prices and Inspect our wide Range of Samples
THE KAILAN MINING ADMINISTRATION.. DODWELL & `00., LTD.. Agants, Hong Kong
USE OUR SPECIAL
AEROMAIL
LETTER PAPER & ENVELOPE
AND
PAY LESS ON POSTAGE
$1.50 per 100 Sheets $1.75 per 100
WEDNESDAY, the 30th AUGUST,
1939.
Commencing at 2.30 p.m.
At their Sales Room, No. 35,
Hankow Road, Kowloon.
A QUANTITY OF VALUABLE HOUSEHOLD FURNITUR.
Comprising:--
Divani, Iron and "Teakwood Bedsteads, Chesterfield Suites, Wardrobes, Dressing Tables, Chestä of Drawers, Sideboards, Wash- stands, Tearwood "Teapoys, " Car- pets, Rugs, "Porcelain, E.P., Glass and Brass Ware, Curios, Ice Chests, Perambulators, Gramophones and Records, Electric Table Fans and Lamps, Ornaments, Kitchen Uten- sils, etc., etc.
also
A FEW PIECES OF BLACKWOOD FURNITUES
and
One Teakwood Bed Room Suite by Lane, Crawford, Ltd.”
Also
At 3.00 pm.
"One Alsatian Dog" (between 8 to 9 months old)
On VIEW from TUESDAY, the 29th AUGUST, 1938.
"Terins: Cash on Delivery, “
LAMMERT BROS..
AUCTIONEERS.
18
201
18
012
Benguet Consolidated
09.70
20
181
Consolidated Mines
001
Demonstration
084
L X. L
42
Itogons Mining
Mambulao Consolidated
06
. Masbates Consolidated
10
Mindanao Motherlode Ipo Gold
07
15
Mine Operation North Camarines. Paracale Gumaus San Mauricio"..... Surigao Sonsolidated Suyoc Consolidated United Paracale
114.
101
14
21
124
PHILIPPINE GOLD MINING.
* QUOTATIONS
are:-
Malaya. July 1999. 45,962 tons: June 1939, 31,541 tons; May' 1939. 42,214" tons.
Atoks
18
Antamolis
201
Baguto Gold
18
Batong Buhay-.
012
Benguet "Consolidated
09.70
Big Wedge
20
Letter Paper Envelopes
Coco Grove
18+
Consolidated. Mines
"001
Demonstration
I I L
422
Ipo Gold.
15
Itogons Mining
23
Mambulao Consolidated
06
Masbates Consolidated
10"
Mine Operation
11
15-19, (ween's Road, Central.
North Camarines
191
Paracale Gumaus San Mauricio
14
83
21
121
331
071
tons; Ceylon. July 1939 4,908 June 1939, 3.641 tons: May 1939.
also subject to pressure; but it is Standard, Cash 45-13/16 45-15/18 2,805 tons. held, however, that their losses Standard. were moderate.
3 months 46-1/8 Electrolytie
52-1/2
46-3/16 54-1/2
TIN
THETIS INSURANCE Standard, Cash 229-7/8
Underwriters To Pay Builders
!! ·
230
Standard,
3 months 226-1/8
228-3/8
LEAD
Foreign,
Official Price 16-5/8 Foreign Official
18-3/4.
16-1/2
A settlement has been "arranged between Messrs. Cammell Laird, the
builders Birkenhead
of the submarine Thetis, 'now lying 150 feet below the surface in Liverpool. Bay, and London and Liverpool Ordinary. underwriters regarding the In- surance of the vessel.
An agreed amount will now be pald by the underwriters to the builders. For insurance purposes the Thetis was valued At ap-
3 months 16-7/16
. SPELTER
Oficial Price 15-1/4 Ordinary, Official
15-5/18
3 months 15-1/8 15-3/16
Final Afternoon Transactions Tin, Standard. Cash, £230 sel- lers.
DEI Estate Java, July 1939. 5,105 m. tons (pel); June 1939, 6,018 metric tons (adj.); May' 1939. 4,072 metric tons.
DEL Estate-Outer Possessions. July 1939, 10.813 h. tons (pel.): June 1939, 9,315 metric tons (adj.); May 1939. 9,010 metric tons.
DEL. Native Outer Possessions. July 1939, 20,208 m. tons (pel): June 1939, 12.703 m. tons (adj.); May 1939, 11,596 metric tona.
Totals July 1939: 36124. June 1939: 28.034. May 1939: 24,678,
Private-estimates give US. con- sumption during July as between 44.000 and 46,000 tons..
Rubber appears to be working into a strong position statistically. which, given as improvement in the international situation, should
proximately £350,000. The sub- Tin, Standard, 3 months £226-te reflected in moderately higher
marine has now been taken out of Lloyds' reinsurance list following the agreement.
"
Bettlement of the Insurance question. according to the Admiralty, however, will have no effect on salvage operations, which will be continued so long as there is the slightest chance of raising! the submarine.
PUBLIC AUCTION.
PUBLIC AUCTION
1/2 paid and sellers.
SINGAPORE STOCK QUOTATIONS
Singapore, Aug. 25. Quotation of 12 leading Singa, pore stocks received by Messrs. Eills and Edgar,
MIDDLE PRICE.
Rubber Shares Amalgamated Malay Estate Ltd. $1,38; Kempas Ltd., 31.774; Kuala Sidim Rubber Co., Ltd., $215; Pa- 1am Ltd., $1.72); Sungei Bagan Rubber Estates Ltd.. $1.221 and THE undersigned "have received Tapah Rubber Estates Ltd. $1.524,
instructions to sell by Public
Tin Shares
Auction on FRIDAY, the 1st Sep- tember, 1939. at 2.30 p.m. at the Petaling Tin Ltd... $6.574 and Auction Rooms, French Bunge Luas Tin Dredging Ltd. Bank Building, ground floor,
$1.37.
China
A QUANTITY OF BLACKWOOD FURNITURE
Comprising:-
Industrials
prices.
Movements of Rubber in London and Liverpool for week ending August 12, 1939:
Surigao Consolidated Suyoc Consolidated United Paracalė Mindanao Motherlode.
HONGKONG
SHAREBROKERS.
ASSOCIATION
Volume of Business Transacted an Tuesday, August 29, 1939. HK Banks
Bank of East Asla London-Landed, 766 tons; De- HK. Electric livéred. 1,468 tons; Btock, 36,141 HK, Electric, tons; same time last year, 63,918 | H.K. Trams. tons,
H.K, Trams Liverpool-Landed, 368 tona; De- | Cements
tons: Stock, 18,117 HK. Lands lvered, 532 tons: same time last year, 33,538 Providents topa.
Providents Watsons
New
York:-Price movements bave, as in London, been confined within narrow compass and the market is rather featureless,
THAILAND'S NEW CURRENCY ACT.
The Acting Constil-General for Thailand advises that he has re- ceived information from Bangkok to the effect that the New-Cur- rency Act makes it possible to keep a certain portion of reserves in remains on sterling at Baht 11 to U... B. Dollars. but the Baht still
Straits Trading Co., Ltd., $25.20; United Engineers Ltd. (Ordinary), $8.35 and Wearne Brothers Ltd the Found. $12.50...
Gold Shares Round Table and Chairs with
Raub Australian Gold Mining marble top. Desk and stool, Flower Company Ltd. 4.55 .d. Stands, Curios, Showcase, Book-
Although Chinese press opinions
later owing to may political schools they represent the financial market in Shangha!
Case, Bofa Chairs, Dressing Table The above quotations are in on Aug. 23 reflected unmistakably with long mirror, Fiano Stool &c., Straits Dollars.
&C...
Also
1 "Fresident" Piano.
A.few pieces of Teakwood niture &c. &c.
Termis:-As Usual,
CHINA AUCTION
ROOMS French Bank Building.. 54Queen's Road Central,
The stamp design contest con- ducted by the Shanghai Anti- tuberculosis Association is making
5 $1,200.00
10
70.00
25
51.25
50
52.00
*500
15.00
300
15.25
500-
12.25
100
31.50
500
4.10%
800
4.17
500
.7.80
-700
18.20*
2,000 Pa. 0.33 6,000 Pá. 0.82
Ewos U. Paracale 8an Mauricio
*Shanghai Currency.
CONSIGNEES' NOTICE.
THE BEN LINE STEAMERS, LTD.
FROM LEITH, MIDDLESBRO', ANTWERP, LONDON AND STRAITS.
"THE 8.8. "BENVHACKIE”
YONSIGNEES of Cargo are hereby informed that all Goods are being landed at their risk into the hazardous and/or extra hazardous Godowns of the Hong Kong and Kowloon Whart and Godown Co., Ltd. whence and/or from the wharves
be admitted aft result of the impending signing Goods have left, the Godowns and all
No Claims will be
after the of the Non-Aggression Pact be-
Goods remaining undelivered after the tween Germany and Soviet Russlast Sept. 1920, will be sub ect to
that the European situation was
tuming in favour of China as a obtained.NET at ba′′
rent.
An order was isoned by Gen. All Claims against the steamer mart Kai-shek. Executive be presented to the undersigned on or Fur-progress. At least nineteen con-Chiang
testants are known to be making General of the Kuomintang, to before the 14th Sept, or they will not their entries before the end of the Executive Tuan on “Aug. 23, be recognized, cost
To comply with the General Bonded this month, which is the closing urging that measures be imme-Warehouse Regulations, consignées date of the contest. Judges for diately adopted to administer re- must have a Revenue Officer in atten the contest are: Mr. G Bapojni-lief to farmers in Szechuen. Al- dance when damaged dutiable goods kon (BD0!2) of thi "North- though Szechuen had a bumper are examined. China Daily News. Mr. C. Fcrop this year, Gen Chiang de King, well-known artist and clared, it was precisely due to the Rotarian, and air. C. F. Woo of fact that prices for farm produce, 2. D. Baradon & Co. The contest had dropped, while on the other
Hong Kong, 29th August, 1939.
cods are to be left in the Godown All broken, chaton and damaged where they will be examined on the 31st Aug, 1939, at 0 a.m. by Mesars. Cumichsel & Clarke, cara me
is held for the purpose of select band, wages had risen, together No Tirs Insurance has been affected.
ing the best design for a stamp with commodity prices,
to be sold, during a campaign tale real duty watch the
Bill will be counteraigned
basis of Lading will he
W. B. LOXLEY & CO. (CHINA) LTD.
winter and to also rouse interest Bord to pay high wages to farm Agente
| in the work done by the Associa- Inbe
tion
harvestina
ads to mexist them in Hong Kong, 15th Ang "1983.
ON SALE AT
HONGKONG DAILY PRESS
Telephone 30251.
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