1939-10-02

HONGKONG DAILY PRESS

Finance and Commerce

SOVIET - NAZI TRADE BEING STUDIED

LONDON, Oct. 1. (Reuter} What practical assistance the Russo-German Agreement will give Germany continues to be closely studied. '

Soviet trade returns show that Russian exports" to Ger- many between 1931 and last Year dropped

SHARE MARKET

REVIEW

HONGKONG SHAREBROKERS'

ASSOCIATION ***

Hongkong, Sept. 29.

PACIFIC WAR

RISK RATES REDUCED

NEW YORK, Oct. 1 (Reuter)- The market has been extremely In view of the calm conditions in quiet during the week and business the Pacific, New York under- dwindled to negligible proportions. writers have reduced war risk At the close of the week, however, rates for belligerent ships by one- there is evidence of increasing half to one percent. enquiry, but shares are difficult to obtain at listed prices. HK Banks

came in from approxi-

mately £30,000,000 to 000, whic German Russia dropped from - €47,000,000 to 000.

£4.000-

exports roughly £2,000,

Furthermore Russia's produc- tion last year of pig-tron, copper, lead, aluminium, zinc, tin and nickel was all insufficient to meet Increased home demandi

Fust

Russia's

resources could doubtless be developed under the direction of German experts but this could not be done in a few months.:

OPEN LICENSE FOR IMPORTS TO U.K. LONDON, Sept. 30 (Reuter) The Board of Trade has declared an open general license for im- ports from all over the Empire of Palestine with the exception and Trans-Jordan.

Imports covered by this license may be erected without further licensing.

EXPORT OF PLANES

for enquiry at $1200 WASHINGTON, Oct 1 (Reuter) without resulting in 'business.-American exports of seroplanes Electrics were offering at $50 with in August totalled £3,000,000. Or buyers at $49) and sales at $497. this, Great Britain took £1,300,- Lands were wanted at $30 and 000 worth of planes and engines, Trams at $15.40. HK Docks had and France almost the same buyers at $17 with sales reported amount

$18. Hotels after changing. hands at $41 were wanted at $4.40. Wharves had buyers at $99 without | attracting sellers, and Providents were wanted at $3.80.

الراد

H. K. STOCK EXCHANGE

The market was quietly 'steady

There has been practically c change in the prices of gold min- ing stocks. There has been some enquiry locally but shares were with business reported in Cements, very difficult to obtain and no Lands, Watsons and Electrics at

quotations. business has been reported.

SUGAR

TAX

PASSED

LONDON, Sept. 30 (Reuter)— The Labour Party pressed their objections to the Sugar Tax to a division in the House of Commons yesterday but were defeated by 113 votes to 79.

All the remaining items were agreed to.

financial

The Finance Bill was brought in and formally read the first time.

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Bayer Bellers Halen

Nowins!

'SHAREBROKEN" ASSOCIATION

|SATURIA 30.

SEPT.

Banke

¡H.K. Banks

$1200

£72 $79

Do. (Col. Beg.)

Do (Lon. Beg)

783 Chartered Banks ..... 2204 Marcantile Bks, "A" £10 Mercantile Bs. 0 372

Bank of East Azin...

N. C. & B. Bazka

Insurances

8200 Canton · Insurances $386 Union Insurances

Underwriters

#1}

166 H.K. Firs

Shipping

$87

Dongtain

$12

Steamboats

460

Indo-China

(Prof.)

$30

Lado-Chinse (Def.)...

81/3

BUYERS

H.K. Bank, $1200. H.K. Docks, $174. Providents, $3.95.

H.K. Tramways, $15.40. China Lights (Old), $7.40, H.K. Electrics, $491. Cements. $134. H.K. Ropes, 33,80.

'SALES

HK. Lands, $30:

H.K. Electrics $50/491. Cements, $131.

Watsons, $71.

PHILIPPINE GOLD MINING

QUOTATIONS

Atoks.....

FINANCE

MONDAY OCTOBER 2, 1939. -PAGE 9

Hongkong Daily Press CLASSIFIED

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