HONGKONG DAILY PRESS -
Finance and Commerce
Acute Shortage Of Flour
In North China
"CHUNGKING, Jan. 26 (Central)—“Manchukuo” China are suffering an' sonte shortage of flour;
and North
Visit Of No Importance
In North China, Manchuria and the Kwantung Leased Territory "the production of whea, is variously given at 900,000 to 960,000 tons each year. Of 900 000 tans, only 959,000 can be used for the production of 20,000 bags of flour, whereas the annual con- sumption of fiour in Manchuria is estimated at upwards' of 35.- 000,000 bags plus 3,000,000 bags in Kwangtung Leased Territory.
A FLEADER It is estimated that 5,500,000 bags openly or smuggled to Shanghai is
Dr. Clodius can only discuss of flour are stored in the foreign estimated at around 500,000 general trade questions arising out concessions of Tientsia while plcuis a month. from which
of the Italo-German trade" ngree- the local four mils had suffetent four mills can produce 1,200,000 ment, it is said, and if Germany wheat for production of four til bags of flour. This is only one-is seeking modification of that the end of 1939. No solution, third of the total producing agreement she can come merely however, is in prospect to meet the capacity of the mills.
as a pleader. › demand in North China" during the
Of this, only 700,000 bags are ex- Italy is no likely to consent to first half year of 1940. Monthly con- ported" to North China and any modification, direct or sumption of four in North China Manchuria, as 300.000 bags are direct, which does not secure some is estimated at 1,000,000 to 1.200,000 needed for local consumption in immediate advantage to Italy. bags, while the consumption for Shanghat every month, while the Some quarters think that Dr half a year la about 7,000,000 to remaining 200,000 bags are sent to Clodius may attempt to induce 8,000,000 bags.
different regions by Chinese Italy to enter inte some kind of triangular negotiations with Ger- many and Rumania,
are
In Central China, there about 25 flour mills most of which are located in "occupied" territory and aro, therefore, operated by the Japanese.
WHEAT SHORTAGF Chinese four mills in the foreign concessions Of Shanghai. are
inerchants
The amount of flour and wheat stored at 2,250,000 bags and 1,700,- 000 piculs, respectively.
Japanese authorities are making: | arrangements for the shipment ofi four from Shanghai to North | China and Manchuria in exchange
FINANCE
MONDAY, JANUARY 29, 1940. -PAGE 9
BUYING BY
BY COUPON
THE BEN LINESTEAMERS,
Food
Rationing Begins: Branded Margarine Shortage
L
LIMITED.
FOR LONDON and LEITH
For Freight apply.
to the Agonts:
W. R. LOXLEY & CO., (CHINA) LTD. York Building.
Tel. 34165
January 8 was the first day bf rationing, and purchasers of bacon or ham, butter, and sugar had to surrender coupons in ex- change for their rationed purchases. It was also the last day NAZI ECONOMIC
for registering with butchers for meat supplies, though it is some EXPERT IN ITALY weeks yet before the ràtioning of meat will come into force.
For some weeks now traders better-known brands, and, per- ROME, Jan. 27 (Reuter)-No
have been unofficially administer haps, to a less degree for the importance attached in Italian
Manufacturers explain Commercial circles to the presenting the rationing system, at least cheaper,
as regards butter, to their regis. that materials for blending are visit of Dr. Clodius, the Nari
tered customers, and this ex- not being released to them fast economie expert.
perience was not without its value enough and in sufficient quan- yesterday.
titles to enable them to meet the prices for Bacon, prices for bacon unbranded
Following the fixing of wholesalej demand, and while it is true that margarine can be Sver the counter were adjusted to bought everywhere, customers who meet the rationing scheme as from require a particular brand have yesterday, and they are maximum sometimes to try as many as three prices. The word "adjusted" hides shops before they get it. It may nothing, for though the price of not be more than a matter of in-
104., compared with is. 8d... last so to justify a caution to the cus- week-"shoulder" remained at la tomer to "Look, ahead" which from 25. 24. to 25. id., and cooked unrationed article as will serve to The Money Market experienced a 6d, a pound, gammon dropped means laying in such stock of an LONDON, Jan 23 (Reuter)-- ham went down 4d, a pound-prevent disappointment.
There are no changes in the of cash from the various bankca busy week. Heavy withdrawals namely, from 3s. to 2s. Ed., though smoked (middle cut") bacon was price of either butter or sugar for tax payments were respon- The Finance Department of the at is 11d., a penny dearer.
and, among unrationed, articles,
sible, for reducing the Before the fixing of prices some none which call for comment.
usual Kwangtung Provincial Government supply. of loanable funds; con- has again circularised all districts traders were last week asking 23.
KESTAURANTS AND CAFES. a pound for bacon which is now
sequently borrowers of some paid strictly prohibiting discrimination It is too early yet to form a p to 1 per cent for overnight against the various prints of the cheaper. Smoked "shoulder and
| the Kwangtung small coli notes. gammon have now disappeared, for judgment on what may be called loans,
the mechanism of rationing. "Al- Only £55,000,000 of £60,000,- our war-time economy makes no
All revenue bureaux throughout.
instructed to doubtless be made us or if ex- to be allotted. This was due to accept small coin notes as payment perience shows the need.
the rapid inflow of taxes.
for tax in accordance with the oficial conversion rate for national dollar.
In-
For instance, Italy might take more Rumanian oil and allow its passage to Germany.
UPPER HAND According to the German view. Germany
Italy have the upper band over Rumania
and
"middle cut" advanced 2-to 12 convenience, but it is sufficiently MONEY MARKET'S Kwangtung
BUSY WEEK · Small
Coin Notes
SHIUKWAN, Jan 28 (Central)-
capable of producing 88,000 bags of for other products including cotton trade matters, since between them provision for smoking these grades / terations and adjustments will 000 Treasury Wils were offered the province
Britain
four, while Chinese and Japanese and soya beans, Such efforts are they absorb 60 per cent. of Ru- flour mills outside of the conces- bound to have more serious re-mania's exports, whereas sion are capable of producing 23. percussions on the rice market 10 and France. It is said, take a 000 bags. Most of the mills. how-Shanghal as the local demand for mere 10 per cent." ever. cannot operate
fuiflour in Shanghal has been increas- capacity due to shortage of wheat ing in view of the soaring price of The amount of wheat shipped rice.
ut
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
SHAREBROKERS' ASSOCIATION
Buyers Bellera Saten
Noulas SATURDAY 27.
Buyers Sellers,
SALO
JAN.
Banks
$1385
$1400/1380
H.K. Banka
£89
£87
Do. (Col. Meg.) Do. (Lon. Bag.)
Est Chartered Banks...
22
£114
Marcantila Bku. "A" Marcantils Bks, 10%
878
Bank of Hash Asia ........
8:
IN. C., & B. Banks
Insurances
8207 Canton Insurances ...
8410 Union Insurances
$1360 #13751360/1365...
Underwriters ********** 80 cts. $180 H.X. Firmad
Shipping
380
Douglas
#11
..
$17,60
$70
(Prof.)
Stanbonta
$100 Indo-China
880 Indo-Chinas (Del.)...
Docks, Wharvės,
A
1.
78/9
Shells
87)
Waterbomla
$73
Godowns, eta,
$103
K. & K. WharvOS
241
Providente
$4.35 $41
$21.20
,!
Do. (new)
Providenta (s#W) +++
$21.20 $21.251.15...H.K. & W. Docks...
· #940. [Shanghai Dooks E.
$19.80 New "Engineerings 8.
18/0
$10
Mining
Kalo........
Baubegra
$4 Veneruela Gold Fide Biota. Hong Kong Mines ...
Lands, Hotels and
Balldings
H.K. Hotals........................
H.K. Landa. $331
#
#1:
$4.50 H.K. Bouities
$81 Humphreys
101 Chinese Estates
Cotton Mills
Ewa (8.)
$179 8'hat Cottons (1.) .
$44 Zoong Bags (8.)
#484 Wing On Textiles (8.)
Public Utilities
$33
+
+
..:
289
£17
193
£2F1
£11
$78
man mission intends to do its It is also know that the Ger-
utmost to obtain a large increase In "imports of Itallan hemp.
America Constructing 500 M.P.H. Planes
WASHINGTON, Havas (By Mail), -The prediction that within one year or 18 months planes will be perfected in American plants capable of attaining a speed of 500 miles per hour and with a cruising range of about 10,000 miles. is made in two reports drawn up by American aeronautical engineers and" submitted to Congress by the $175 National Aviation Consultative
60 cts
#255 $470
Committee.
$11
The engineers emphasize that 8100
these perfections will be attained by 8120 relatively simple changes in the 78/0 construction of the planes" winga and by changes in the cooling and synchronization systems of the engines.
$102
8255
825
18/0 89.70
$3
$5.40
100*
$4.80
IN DEEP SECRET The experiments conducted by aeronautical laboratories working to attain this end are shrouded in the deepest secrecy but engineers revealed that the projected planes will bave wings whose resistance will be one-third "greater than the resistance of the wings of present. aircraft.
Perfections will also be brought to propellers and fuel,
H.K. STOCK EXCHANGE
Nothing of any particular im- portance occurred
during the
Margarine Supplies
The average rate of allotment was £1 2s, compared with 21 18. 8d.. last week,
Wall Street closed steady.
Amore burning matter la butter, In catering establishments, such or, rather, margarine, the stocks as hotels, restaurants, cafes, can- and qualities of which are in teens, and the like, where the cus-
ration of four ounces. timately related to the butter tomer may now eat bacon or ham
without surrendering a coupon or The Minister of Food has stated part thereof, portions of butter recently that there are ample are limited to one-sixth ounce, and ¡tion in menus through the subati- stocks of margarine, and that of sugar to one-seventh ounce per tution of foods not now rationed. should be a reassuring statement. customer per meal. But not all Re-registrations at the Manches- What is worrying the realistic cus-such catering establishments have ter Food Control Office have run tomer and the equally realistic yet received their buying permits.into several thousands, the ma- shopkeeper is the difficulty in The difficulty of collecting jority of them in respect of re- making first-hand acquaintance coupons at civic repasts such as turned, evacuees, in which adults with these stocks on a scale which that of the city council luncheon as well as children are included. will satisfy the demand for the seems likely to lead to a modifica- (Manchester Quardian).
SHOE CO.LTD.
HONGKONG SUPPLIES ALL
KINDS OF FOOTWEAR
Hongkong Daily Press CLASSIFIED ADVERTISEMENTS
RELIABLE TAILORING
LADIES AND
GENTS.
TAILORS
We are disposing of all our present. stocks: of Ladies'. Goods at price less than cost, as we shall from 1st Janu- ary be changing our business over to the sale of dents' Goods, and must make room for new stocks shortly arriv- ing,
THE JUBILEE SILK STORE Specialists in Gents" Wear, Sults, Shirts, Pyjamas and Underwear,
31 Nathan Road. Kowloon.
Corner. Peking Road.
THE MOST RELIABLE LIQUID INSECTICIDE
GEE, IT'S SWELL-
NOT TO BE BOTNERED WITH
FUES WHILE
$5.40 85.40
$33.60
$100 Do. 4% Debecieras
"$14.40 Shangha Lands &
$8.16
$33
8179 morning.
34
BUYERS
$100
H.K Bank, $1365.
Canton Ins., $202
Tramways
$171
H.K. Fires Ins1, $178
88
Peak Trame {cild}
$8
$4
Peak Trama (W07)
$1
Douglases $80.
*
WE EAT!
Star Ferries
$684
Providents, $4.35.
'mail Farrin
$241
Hotels, $5,15,
Do. (new)
China Lights (0)
#71
+
ALL
China Lights Rts.
H.K. Klectric
#554
$20
Kacsó Maotris
$11) Bandakan Lights
$28
$9.80
{Telephoùm (old) iman.
Telephones (new)
· 125.
Hotels, $5.40
1444
$9.60
Telephones (N), $9,60.
16/9
$241
$7 70
$41 China Lights (Now)
Lands, $33.60
Yaumati Ferries, $341.
Electrics. $55.
Entertainments, $8.90.
SALES
Ducks, $21,20.
37-1
THAT'S BECAUSE
Į SPRAYED WITH
FLY-TOR. I USE
IT BEFORE EVERY CARAL HOW
نا
Telephone No,"50451
Jimmy's
BUTTERICK LADIES TAILOR
Winter Sale
Ready made Overcoat and Dresses made to order. No. 16 Wyndham St.
"Tel. 23615.
SUMMER
are
:
The Kwangtung small coin notes, It is pointed out, are backed by adequate reserves and are securely pegged to the national dollar,
To relieve the acute shortage of subsidiary notes in many parts of the province, the Finance Depart- ment has secured from the Central Bank of China an amount of $2,- 000,000 in these notes which is ex- pected to arrive in. Shiukwan very shortly. The notes upon receipt here will be distributed among the various districes for circulation..
MARBLE HALL
(and
Annexe Private Hotel), 34, Granville and 103. Austin' Roads, Kowloon, tennis courts. Beautiful garden. Rooms" and suites, with private bathrooms. All modern conveniences. Apply proprietress, 193, Austin Road, Phone 50233 and 34, Granville Road. Phone 59433.
DRESSES, DAY & EVENING HATS, BAGS & BEACH TOGS »
at very moderate prices. Call on us and let us demonstrate to you THE SHANGHAI SUN FAT COMPANY.
EXPERT LADIES' TAILORS
No. 30; Nathan Road, Kowloon,
YOU CAN NOW EAT:-
BOTELS
Telephone No. 58846
RUSSIAN FOOD COOKED IN THE
RUSSIAN WAY
TABLE D'HOTE $100 · ALSO ‘A LA CARTE
AT THE
METROPOLE
HOTEL
· TEA DANCE?
DAILY
5 TO 7.30 PM. MUSIC BY THE METROPOLE - SWING BAND
1940 ZENITH
"
NEW MODELS Just arrived
NO AERIAL, NO GROUND,
Just plug in and play CHUEN YEE
HONG
Telephone 24311.
54 Des Voeux Road C.
19/6 Tractions
12/9 Tractions (pest.)
Industrials -
$14,90 Cald., Macg. (Ord.) 8.
|Cald., Macg. (Frať.) 8.°
#914 Dairy Farm (New)
Constractions
$19
81
Canton Iose
$18.60
Comacin
$18.65
$8
Bopes
26
MiscellaneoTE
$82.60
Dairy Farm (Old)
$221
8211
$8.90
Ch. B'iainmate
#11
(old)
$1.80
SA
Tobacco
39
100
00%
102
Construction
Lane Crawforda
Nanyang
$1.80 Bimor
30%.
Watsons
|Ch. 0.5% 1995G SBdı,
H., Gork, 4% Lowas
sas) [HE Gort. 81% Losa
$41 H.K. Wing On
"\"}}'haf, Wing" On, me
#al Vibro Filing
1579
Mazamiana Eny. (Lam.)
Maramats Inv. (
W, Peralls, arcanastas [#Salm to Bhang
$10
Dairy Farma (0), $22.60, HK, Govt 4% Loan, 102 H.K. Govt. 31% Loan, 98.
FELLERS
HK. Bank, 1365/60
Docks, $21.
Tramways, $171. Macao Electrics, $50. Telephones (0), $34.
DEMAND THE GENUINE
FLY-TOX
Obtainable at all-leading Drag and Department Stores
Sole Distributors
UNITED TRADERS HONG KONG
THONGKONG
SHAREBROKERS
ASSOCIATION
MANILA GOLD SHARES Atoks 2016, Antamok 174, Baguio Gold 234b, Batong Buhay 015s, Benguet Consolidated 5,508, Big Wedge 228," Coco' Grove I 14)s, Consolidated Mines 004s, De- | Emonstration 1318 IXL, 408, Ito- gon, Mining 285, Manbulao Consol elb, Masbate Consol 11b, Mine Operations 118, North Gamarines #9.10 13. Paracale Gummaus 221b. San Mauricio 868, Surigao Consol, 18b, Bayoc Consol, 13jb, Syndicate Investment 0276. United Farscale HE, Trams; 37ja, Mirdango Motherlode' 93b Humphreys
Volume Of Business Transacted on Saturday, Jan. 27, 1940-
*HK, Banks HK, Docks HK Docks
We have in Stock and for Sale Great Varieties of used and unused
POSTAGE STAMPS in sets, bag, packets, single, and in approval books-
for collections Allne
Flower & Vegetable Seede
GRACA & CO. Dealers in Postage, Stamps, Religious Goods, Garden seeds, Toys, etc., etc. No. 10. WYNDHAM STREET, 17.7K PO. Box No. 620. HONG KONG
Established 1898.
10 $1,365.00.
200
20.75
250
21.00
100
500
8.25
VSE
SPECIALTY SHOPS
MADE YOUR HOME CHARMING
B. B. Co., LAMPSHADE
44A, NATHAN ROAD, KOWLOON.
ENGRAVKES
FEI FEI & CO. Photo Engravers
18, Cochrane, Street, Telephone No. 22224,
TEL:"394ËS.
AUCTIONERES
ORLATEST CREDENTIAN BE BARGASS IN TOWN
LAMMEDES
MECATON BOOM