1940-01-31

HONGKONG DAILY PRESS

FINANCE

HONGKONG SHARE QUOTATIONS"PROVISIONAL PRICES"

STOCK EXCHANGE

SHAREBROKERS ASSOCIATION

Buyers Baljera Sales Mominė i

Bayar Sellers Sale Nomias TUESDAY 30.

* JAN.

Banke

11365

£80

A.K. Banks `.....................

£87

⠀⠀

£8

Do. (Col. Reg.) van Do" (Lon. Bəs,) Chartered Banks Marcantile Bk. "A"

Marcantile B. "C

£11

878

Bank of East Asia

N. C. & S. Banks...

Insurances

$207 Canton Insurances

$470 Union Insurances

Underwriters

$180 H.K. Fires.

Shipping

Douglass reten

| Bteamboats

$100 Indo-Chinas

$20 Indo-Chinas (Del.) ...

Waterbosta

Docks, Wharves,

Godowns, etc.

2103 H., & K. Wharve

$100

$11

$4.35

84.40

$20.70

201

85.10

$5.10.

78/1

Bholls

(Prof.)

$1360

£80. £87 £87

Enj

$78

50 ots.

$205 $470

$175

90 cta

$100

118

$100 $190

***

78/9

#109

Providants

$4.38

$4.40

Providente (new)

H.K. W. Docks...

Do. (new)

€120.75

$265 $25

18/0 $9.70 93

8290 Shanghal Dock 3.

19.20 New Engineerings &

Mining

18/0 KaileoF 810

Raab

84 Venezuala Gold Fide

3) eta Hong Kang Min ...

Lands, Hotels and

Buildings

H.K. Hoiala .................................

$33.70 H.K. Löds 833 60

$100 Do. 4% Debentures

$14 Bhangbai Lands

84.60 H.K. Raition ...

84 Humphreya son

2101 Chinese Extaine

Colton Milts

8341 Bwn (8)

3179 8'hai Cotton (8.)

$44 Zoong Blogs (8.) $18 Wing On Textiles (8.)

Public Utilities

***

$172 Tramways

[Peak Trama (old)

Peak Trame (new)

$244

$241

898 Star Ferries.

$24

T'mati Ferries

Do. (new).

87.70 China Light (0)

841 China Lights (New)

Chion Lights Rtu.

H.K. Electrics

$20 Macao Electrion

****

8111 Bandakan Lighia. ........... Telephone (old) ...... 85.60 Telephones (new) 19/6 Tractions. 19/9 Tractions (proč.) "Industrials

$14.90 Cald., Masg, (Ord.) §.

Cald., Macg.' (Fred.) 8.

Canton Iommon. Cemanie

26 Ropes

Miscellaneous

Dairy Farm (Old) ....

8214 Dairy Farin (New)..

Constructions (3)

Constructions (DOW)

Lane Crawforda..............

Nanyang Tobwood ........

$1.80 Biscares

50%, Ch. G.5% 1925G #Bda,

B.E. Govt. 4% o

$952 H.E. Gort 31% Loan H.K Wing O.....

'hai Wing On

281 Vibro Piling ***

$12

$16

$221

$6.00

Ch. Einmende ****

37+

$108.

15/9

| Marsmans Inv. (Lon.)

4/0

Marstans Inv. (H.K.)

Wm. Powelle

*Sales to Shanghai

$554

95.15

FOR TEA TO BE REVOKED

ADEQUATE SUPPLIES

FOOD MINISTRY AS SOLE IMPORTER

EGYPT'S BUDGET

DEFICIT

Increased Taxes By Government

CAIRO, Jan. 29 (Reuter)—Owing "Fro-to the budget deficit, the Govern- ment, has decided to increase the tea duty by £1 10s. (Egyptian) to £8 10s. (Egyptian) per hundred kliogrammes.

EXCISE DUTIES

com.

WEDNESDAY, JANUARY 31, 1940. -PAGE

Finance and Commerce

True Far East Trade4TH EXPORTING Picture Hidden In Data

SILANGHAI—Recent statements both in Tokyo and in Chung- ing regarding · current trade statistics within the Far East re- quire a tremendous amount of unravelling and interpretation, before their surface meaning can be shucked away and the kernel of significance disclosed.

NATION OF WORLD

Canada's industries, at the outbreak of war, were already reafed up to a scale of outpat that has made the Dominion the fourth exporting nation of the world.

In pointing this out in a recent

LONDON, Jan 30 (Reuter)- The Food Ministry made an order revoking the

Much of the difficulty in 'analya- cents, free trading in exchange is visional Prices" order made at the

Ing Japan's trade figures has forbidden in Japan, and foreign outbreak of the war with the ob-

centered about the newly enlarged goods imports are rigidly controll- public address, Hon. C. D. Howe, Ject of preventing speculation,

gen bloc," which in practicefed so as to keep outgo of yen as Canadian Minister of Transport, while arrangements for the con-

amounts "to domestic trade al- near to intake as possible-except stated that these industries "are trol of tea supplies were

Excise duties will also be raised though reckoned as foreign trade in the matter of munitions, which being converted to production "of pleted. The Alinistry Is now

cannot be held down.

war supplies a rapidly aS making contracts with Empire as follows: Benzine 12 per cent; for purposes of statistics,

required. Hydroelectric energy, for Japanese financial

Chungking recently gave out a industrial purposes is available in producers and teas will be passed Coffee 50 per cent: Sugar 20 per through trade channels for discent; and bottled beers. 300 per

statement designed to show that amoun's several times greater than cent, tribution to the consumer.

the European war has not anected during the last war period." According to the newspaper Mo-

China's international trade. and kattam, the Government requires

Hon Mr. Howe stated that that such trade has increased for £7,000,000 (Egyptian) to balance

was producing copper. the current year as compared with Canada the budget, £2,000,000 of which

JAPAN'S TRADE DECLINES will be taken from reserve and the

corresponding ngures for the pre-zinc. lead. aluminum and nickel vious year.

in quantities suficient to supply They know that the recent proe- remainder will be produced by

Briain and her allies with, their lamation of increased foreign increased taxation, including re- trade. "supported by

full requirements of these metals. imposition of the Cotton Tax and must be largely pared

In addition, gold was being mined increase in the Income Tax.

As is pointed out by Finance and in quantities that were of great because a considerable amount of commerce magazine, figures show-assistance in Canada's foreign ex- that trade is with occupied China ing the volume of trade at the end change problems.

... SOME VARIATION It is stated that some variation from time to time in the supply of particular brands must be ex- pected, but the prices will be kept under close review,

Mr. Lennox Boyd, told a press conference in London yesterday that the Ministry of Food will in future be the sole importer of

would not lead to a general rise, in price and the Ministry did not, 100% anticipate any marked increases

in price. $4.00"

$aj

$33

8179

$44 $100

$172

$4 $68,

874

8244 $9.60

18,0

וניי

$18.60

9924

$21.

$1.80

!!!

but

authorities are not misled, certainly, for their calculations must take the yield in foreign exchange into primary consideration..

statistics,

down,

EUROPE'S WAR EFFECT OBSCURE

FULL CAPACITY

tes. The revocation of the order COAL SHORTAGE Manchuria and paid for of June and August, 1939, as com- various Japanese-issued currencies pared with the same period in ncluding military-note yen) sa 1938, cannot be said to prove IN SHANGHAI

The Dominion's forest industries mat the revenue involved is anything with reference to A have been organised to supply SHANGHAI, Jan. 30 (Intinere shifting of paper from one European war opening just after dtain and France with a large Suppiles were adequate, but in owing to lack of supplies from the pocket to another. mstead of ris-the indicated period. The imports part of their timber requirements. wartbus it was inevitable that Kailan mines and India, as well as true foreign trade in Japan are reckoned on a dollar over 27 Canada's aeroplane industry, while certain brands of tea, from time the low stock in Pootung, local has declined; and the yen bloc cents whereas the true value of young, is producing aeroplanes for to time, might be on short supply, coal prices are taking a sharp rise areas are now being rationed on that dollar has at times gone war purposes to its full capacity.

their consumption of Japanese around & centa.. the Ministry had ample The supply of Indian coal

"We have in Canada", he said.. powers to check any undue rise decreased soon after the outbreak goods, in order that there may be

There has been an increase in the largest surplus of wheat in In price...

foreign trade. increasing at the our history great protection in. of the European war, and the Jap-more to sell abroad if possible. anese supply of coal is greatly re- More recently, Japanese finan- end of August according to cus-time of war. Our production of cial chiefs have acknowledged the roms returns by $493,500,000 bacon, cheese, and similar products decrease in the true value of the Chinese currency by the official is expanding and can yield large yen by sen by seizing the excuse rate-actually, by open market surpluses for shipment overseas, et sterling depreciation, against value rate, $1,468,000,000, Finance Our four mills are already working the U. S. dollar: to re-peg the yen and Commerce attributes this, not at full capacity on export orders."" so that it now has an exchange to any European war influence. value of a bit over 23 U. S. cents but partly to recovery from the instead of over 27 cents.

low level reached during the first

Replying to questions.,, Mr. Lennox Boyd said" that COM- siderable range of brands would be available. There would be no standard blend in addition to the existing blends, but there was an suggestion of a national tea.

ANGLO - FRENCH CO-OPERATION

IN SHIPPING

LONDON, Jan. 30 (BWS)-The Ministry of Shipping announces. "Sir John Gilmour, Minister of Shipping. has recently received" a visit from M. A. Rio, French Minister of Mercantile Marine, accompanied by M Jean Marie, Director of Maritime Transport la time of war,

The consultations which en- sued were also attended by Sh Cyril Hurcomb, Chairman of the Anglo-French. Permanent Execu- $34 dive Committee for Shipping, and by M. Hypolite Worms; head of the French Delegation to the Committee.

50%

100

96%

$41

$10

89.10

LONDON STOCK EXCHANGE

t (REUTER'S SERVICE)"

These conversations have re- sulted in the exploration, in a spirit of mutual understanding. of various problems now pre- senting themselves in connection with maritime co-operation be- tween the two countries.

H.K. STOCK EXCHANGE

Slightly more activity was ap parent today, with "Docks again. assuming the lead. HK. Banks, Unions, Cantons and Electrics also figured in the list.

Providents, $4.40,

Hotels, $5.05."

China Lights (N), $4). Telephones (0), $24.

Watsons, $8.90. Entertainments, $8.90.

London Jan. 29. Chosen Corporation The following quotations are the Pekin Syndicate ....... middle prices at the close of the Sha! Eiec: Constr. Co. market in London. All quotations | Shal Waterworks "A" are subject to confirmation and no Union Insurance ........... responsibility is assumed for errors Gula Kalumpong Rubber 21/3 In transmission.

6/6 1/3

261

BUYERS

War Loan, 31% (Red

after 1952) Canton-Kioon Rly. 5%%

Allied Ironfounders...... 14 Asso, & Elec, Industries Austin Motors, ord.

HK, Bank, $1365. Docks, $204,

38/41

16/0.

98.

18.

Cable & Wireless, New

Form, ord.

Chinese 41% Gold Loan.

B.-A, Tob, bearer)

102/6

1898 (Brit. Issue)

80.

Mexican Eagle

11#

Chinese 5% Gold Bonds.

1925-47

Cammell Laird, ord.

Mexican Eagle

Chin. 41% Anglo-French

Courtaulds eine

6/3 25/0...

Ropes, $6.

Loan, 1908

Distillers

Dunlop Rubber

29/6

Gen. Electric (England) - 76/44

HK. Bank, $1380.

Guinness (A) Bon & Co.

77/3

Canton Ins., $220.

Hawker Biddeley Atrc.

14/44

Union Ins., $465.

Bristol Aeroplane

14/10

Dooks, $20.75/85.

Imperial Chemical Ind. 31 Imperial Tobacco

Lands, $331.

1201

.18

-Chinese 5% Crisp Loan.

1912

Chinese 5% Reorg. Loan.

1913 (Ldn. Is.)

Chinese 8% Ster. Notes.

1925. (Vickers)

Chin. Imperial Rly: 5%

Loan .....

Honan Rly, 5% Hukuang Rly..$%. 1911... Hukuang Rly. 5%. 1911,

(German Issue)

Lung Tsing & U. "Hal

·Rly. 5% 1913

S'hai-N'King Riy. 5%

Tientsin-Pukow Rly, 5%

(Brit. Stpd.)

Tientsin-Pukow Rly. 5%

669 3 3 8

Marks & Sp'cer "A" ord. · 52/1}/? Rolls Royce

SELLERS

Dairy Farms (0), $22. HK, Govt. 4 Loan, 102.

SALES

Yaumati Ferries, $25.

Electrics, $554.

MANILA GOLD SHARES ̈·

Atoks 1945, Antamok 181b, Bagulo Gold 231, Batong Buhay 0148, Big Wedge 21ts, Coco Grove 14b, Con Mines 003b, Demonstration 121s, LX.L. 393. Itogon Mining 27s, Man- bulao Con. 01b; Masbate Con. 118,. Mine Operations 104b, North, Ga marines 11b, Paracale Gummaus 221b, San Mauricio 838, Burigao Con, 188, Buyoc Con. 13b, Syndicate Investment 0256, United Faracale 31s. Mindanao Motherlode 0948.

| Leyland Motors

Tate Lyle

Tumer & Newall

United Steel .......

Smethwick Drop Forg. ...

Armstrong, Stevens, ord.

·75 % 54/8 60/11 22/4 12/6 6

Pressed Steel,.com.

Vickers, ord.

Woolworths

(German Stpd.) Tientsin-Pukow Rly. 5%.

(Brit. Etpd. Supl. Loan) 18

16.

Anglo-Dutch

Tiental-Pukoy Rly.

(Ger.Stpd. Supt Loan) Jap. 5% Bter, Loan, 1907

521

15/11 "18/9

61 24/3 Rub, Plant. Invest. Trust 33/3). Burma Corporation, ................ ̄_0/9 Commonwealth Mining Marsman Investmenta ... 16/0.. Randfontein Estates:

35/7

Jap. 6% Ster. Loan, 1924 56

Western Holdings

Ger, 7% Intl. Loan, 1924 Chartered Bank

Sub-Nigel ..

.81

Tanami Gold Mining

·EK, & Shal Bank (Lan

Reg.) HK. & 8hal Bank (Col

Reg) Chinese Eng, &- Mining

(bearer)

Anglo-Iranian

Burmah

*196/3 6d, -57/6

04/43

HK. Electrics

Shell Trans, &, Trad.

H.K. Docks

(bearer)

78/11

HK. Landa

Nominal

dly,

Demonstrations

-----

11/8

HONGKONG

SHAREBROKERS

duced on account of military re- quirements in Japan.

French Indo-China is at present the only suppiter to Shangbal. The average retail price of coal is now between $120. and $136 a ton, plus transportation charges. Coal bricquettes, mostly used by the middle and lower class of Chinese, are now sold at over $82 a ton.

SHOE CO.LTD.

HONGKONG SUPPLIES ALL

KINDS OF

FOOTWEAR

In Shanghal's open market the year of Sino-Japanese hostilities in depreciated dollars.--(Christian yen is quoted around 10 to 1 and partly to the larger turnover Science Monitor).

•Hongkong Daily Press CLASSIFIED

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