HONGKONG DAILY PRESS
Finance and Commerce
Japan Squirms In Grip
Of Coal
Coal Deficiency
ป
day.
RAUB AUSTRALIAN GOLD MINING
CO., LTD.
(Incorporated "In Queensland) Statement for Quarter Ended Dec. 2. 1939 (Consisting of Four Four-Weekly Periods). BATTERY Tonnage of. Ore raised, 18,814 tons, Number of Ounces of Bullion pro-
TOKYO, Jan. 24 (Havas Mail)-Importation of foreign coal will be allowed as an emergency measure to remedy the shortage of coal and electric power, it was decided by the cabinet on Tuesday. It was also announced that the au- thorities would postpone for the present invocation of com-
duced. 5,908 ounces. pulsory measures, as coal producers, after lengthy de-
Number of Ounces of Fine Gold liberations with the Commerce and Industry Minister, have
Recovered, 5,586 ounces. agreed to increase their deliveries to electric power plants.
RETREATMENT PLANT This policy. was established Under this plan, ordinary Indus- Number of Tons treated, 34,891
tons. by the cabinet after three tries will close down for two days, successive meetings on Mon- and munitions industries for one Number of Ounces of Bullion pro
duced, 2,911 ounces. day and Tuesday, as Premier
These measures have been found Number of Ounces of Fine Gold Yonal had requested his col-
Recovered, 2,431 ounces. necessary as restrictions which had leagues that measures for been decided in the amount of elec-Value of Gold from all ounces, alleviating the coal shortage tricity to be used by large consum-
£81,871 Sterling should be discussed imers had not been observed, accord-Working Costs, £37,589 Sterling. mediately prior to examina-ing to a statement of Mr. Jiro Capital Expenditure, £220 Ster- tion of all other pending Masuda, president of the Japan
ling. questions.
Electric Generating and Trans-Mine Profit for Quarter (subject to Meanwhile, the Commerce Minis-mission Company. in the Asahi. Depreciation), £27,232 Ster-
ling. ter had been negotiating with the The restrictions had been fixed at representatives of the Mitsui and 10 per cent. fr. the Kwansal (Osaka Mitsubishi Interests as their sup- and region), up to January 14, Imports of raw rubber into port was deemed indispensable for success of the emergency measures planned by the govern ment. That support was granted, and the government was able to shelve, compulsory measures which It had threatened to take under the Electric Power Regulation or dinance voted last year by the Diet.
the
"HUMBLY BOWING"
when it was increased to 28 per cent and at 10 per cent. in the Kanto (Tokyo and region) up to January, 16, when it was increased to 20 per cent..
Canada more than doubled in the month of October in anticipation of requirements for war purposes, Imports during the month total- led 12,710,866 pounds of which 10,- The delicate situation inherited 984,555 pounds came from the from the precedent cabinet, in this British Straits Bettlements and matter will thus be satisfactorily 1,141,070 from Ceylon remedied, st belleved. That parison, imports in September situation may be judged by the only amounted to 5,581,704 fact that due to the shortage of pounds. electric power several large fac-
is
In com-
For the first time in my life, 1 tories in the Kwansat had been ceutical Company and the factory have humbly bowed in solicita- forced to close down in the middle of the Itami Carpet Weaving Com- tion," Mr. Ginjiro Fujiwara, Com- of this month, including the Dai pany, while several power stations merce Minister, and powerful Nippon Cotton Spinning Company, in the Nagoya region also ceased to "paper kag" declared to the the plant of the Takeda Pharma- work. press. "By this gesture, I have ob- tained full inconditional support of
the coal producers,' he added..
1.
It was understood that 100.000 HONGKONG SHARE QUOTATIONS
tons stocked in different parts of Japan'would be made available by
their owners, while 100,000 tons
STOCK EXCHANGE
SHAREBROKERS' ASSOCIATION
Buyers Bellers Sales Temizl
would be imported from Tsingtao, BuyBir Bai Bomical SATURDAY 3.
Formosa. Sakhalin and Manchu- kuo. This would make for the shortage of January and February.. while the rainy season, beginning in March, would give more hydro- electric power.
As for the imports of foreign coal, which would supplement im- ports from Japan's possesions" on the Continent, necessary permits
41
$1300
£89
would be delivered by the Finance #8114 minister according to the regula-
tions of exchange control.
LIGHT-INDUSTRIES
PENALISED
.
FEB.
Banke
H.K. Banks
Do. (Calas)
£871 Do. (Lon. Reg.} |--|||
Es Chartered Banka
2987 Mercantile Bka. "A" Mercanille "Bks, “02
£11
878 (Bank of Eazi Asia
N. C. & B. Banks.
**T
$1360
- Insurances.
Cinton Insurkaður ...
$468 Union Insurancés.
Underwriters ..................... 100. cta! H.K. Firmenaus
143
***
FINANCE
Development
BRITISH SHIPPING TONNAGE INCREASE
Of Substitutes LONDON, Feb. 3 (Reuter)—The For Raw Silk
volume of. British merchant marine tonnage is greater today than before war broke out in September.
In the first five months of hos- titles. 480.000 tons of Eritish | shipping has been lost.
This is 5.8 per cent of the pre- war total, though German pID- paganda has tried to make it twice as much.
RISING PRICES IN AMERICA · NEW YORK (Havas by Mall), -Climbing raw silk prices-- which have risen from $1.85 per pound at the beginning of
MORE NEW TONNAGE the year 1939 to $1.30 at the
British shipyards have built more- year's end, the highest price since March, 1930 are causing
new tonnage than has been lost { active effort for "the develop- by enemy action.
Germany's merchant marie this ment of substitutes in
position is in striking contrass. country especially for use ID hosiery..
Apart from in the Baltic her Chinese and Italian raw silk chipping is at a standstill **
Of 350 Nazi ships in neutral are the most immediate benef- claries. These substitutions began harbours on the outbreak of war, some months ago when the six have been scuttled or lost to
Britain price began its steepest climb.
Germany has lost over one-third Some traders are predicting that
of her merchant marine, while Bri- tain's is stronger than in Septem-
ber..
MONDAY: FEBRUARY 5, 1940. -PAGE
British Exports To-Be Increased: Task Before
New B.O.T. Council
LONDON, Feb. 3 (BWS)—The new Export Council is expected materially to assist in accomplishing a great increase in British Exparts.
Well-informed circles believe the Government's object is to Increase exports value to £600,000,000 a year, to attain which not only a big manufacturing effort will be required but a large decrease in the supply of certain manufactured articles for home consumption.
Efforts will be made by the EI- Speaking of the institution of port Council, which has consider-an Export Council The Times able powers, to organise planned comments that "this concession to programmes by manufacturer's as a demand which certainly has not sociations and Itself to give special | been restricted to hostile poli- attention to those export trades ticians or, for the matter of fact, where such associations do not to fussy journalists, is undoubtedly a move in the right direction, for exist
it will enable those who are them-
OPPOSITION MOTION
i The Opposition motion on which selves engaged in trade and Indus- the Commons debate on economic try to judge from inside whether organisation took place was de-our economic machinery in fact is feated by 185 votes to 90 in favour the best possible for war pur- of a Ministerial amendment" ex-poses." pressing satisfaction with existing This is typical of the general arrangements for economic co-editorial attitude which, while ordination and at the improve- welcoming the new Council, ex- ments of the export trade.
presses the view that the case Editorial comment on the debate made for reorganisation in Minia-
met by the Government.
Italian raw silk imports will set new record during the first half of 1940
CHINA SILK Imports of China silk from Shanghai were running about substitute, none has yet been double the previous year at the mäde avallable in suficient close of 1839. For the five month quantity or quality to capture the of the season ending in October market that is ripe for the pluck-fully recognises the non-party at-terial direction of economic policy the imports from Shanghal alone ing. Even rayon fibres suitable for mosphere in which the discussion was not altogether convincingly totalled 26,917 bales, as compared hosiery are scarce.
proceeded. to 13,448 bales in the same perioš Many hosiery manufacturers are of 1998
stocking in cuprammonium rayon, An interesting development is yarns to such an extent that the return to the import list of manufacturers say the entire tinue rather than fall off, the re- has been dimcult to secure any Canton silk, which virtually dis-January output of the yarn as port indicated.
satisfactory explanation from re- appeared from this market. some already been sold. Mercerized cot-
Kable sources over there as to what years ago, being replaced by rayon. ton is also greatly in demand but The rise of the price of raw silk explains the steady, and unusual In November, however, 1,229 bales is not regarded as too satisfactory has caused American manufac-rise which has been going on. A were brought in from Canton, and by the silk stocking trade, Produc- turers much concern and they variety of explanations have come the December figure was expected tion of nylon, the Dupont synthetic are at a loss to explain the increase to us from a variety of sources. to run ahead of this figure. 1 fibre, has begun but will not reach of 129 per cent, which has occurred The principal ones have been a
It was estimated in the market adequate levels for at least a year. since last year,
lower supply of mulberry leaves and here that about half the silk com- That the problem of high priced Earl Constantinë, president or fertilisers transplanted into smaller ing from Shanghal comes from silk and short stocks is likely to the National Association of Hosiery crops; an expanded consumption Alatures int the International continue was shown by a report of Manufacturers, calling attention to of silk within Japan; increased Bertlement operated by British, the Japanese Government Raw the fact that most hosiery man- labour costs due to war conditions American, Swiss, French, and Silk Intelligence Bureau Issued ufacturers are extremely worried, and military requirements of silk. Chinese concerns. The other half here which stated that 28. per has urged caution under "these
"All these elements have comes from Japanese-controlled cent more of the Japanese silk trying conditions."
doubtless contributed to the higher output had been domestically "Most of the commodity under prices but they do not seem In 2 situation made to order for consumed than during the 1938-30 discussion," said President Con-sufficient to explain the unusual
successful
silk season. This trend is likely to con- i stantine, "is produced in Japan, It increases which have taken place”.
sources.
E
+
domestic
SHOE CO.LTD.
HONGKONG SUPPLIES ALL
KINDS OF
£89
£87.
$284
211)
$78
bo cts.
- FOOTWEAR
$220
$180
Shipping
Douginam Steamboats
$100
$11
(Fr.)
8100 $120 78/9
ני
$180
$100
$101
880
78/1
Bhalla
871
All these measures have been supplemented by provisional, dras- tic steps to offset the shortage of the supply of coal to the electric power generating industry. The Kokumin Shimbun reports that large consumers of power were re- quested to appear at the Metro- politan Police Board in Tokyo.on Sunday, and informed of a plan to $21.65 institute one or two full holidays
before the end of this month.
"
I
$460
$100 Indo-Chinns
Indo-China Det)...
Waterboata
Docks, Wharves,
Godowis, etc.
8103 H.K. & K. Wharton
Providente (new)
821121,80 E.K. & W. Dooks....... | 8214
Do. (now)
$260 Shanghal Docks B.
$28 New Engineerings... ·
$4.05
$47
Providents
#
Mining
18/0 KailanE
$10
IM
if
$102
821/60
8266 $25
18/0
$9.70
$3
***
CAUTION URGED
•
Hongkong Daily Press CLASSIFIED ADVERTISEMENTS
་:
MARBLEHALL
(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, 103, Austin Road, Phone 50233 and 34. Granville Road. Fhone 59483.
H.K. STOCK EXCHANGE
SATURDAY, FEB. 3.
$5.18
€5.20
มี
A certain air of liveliness was $242
about during the morning result-
ing in a good turnover for a Saturday.
BUYERS
H.K. Bank, $1,400. Fires Ins., $180. Docks, $21.65.
Providents, $4.55. Hotels, $5.20.
Lands, $341.
Realties, $44.
$17.60
Tramways, $17.70.
Y. Ferries, $241.
$241
China Lights (Old), $7).
China Lights (New); $4.85,
$71
$4.85
Electrics, $553.
Telephones (Old), $244.
$35)
Cements, $18.80.
443
84.55
!!
817.70
24 Venezuela Gold Bid
3 eta Hong Kong Mines
Lands, Hotels and
Buildingu
H.K. Hotel numerze H.K. Landı......... $100 Do. 4% Debeaters $16.10 Bhanghai Lands
H.K. Realtim Humphreyn ...emperande #101 Chinese Estates
Cotton Minis
$35) Ewo (B.) $170 (8'hal Cottons - (8.)
$44 Zoong Sings (8) $481 Wing On Textile (8.)
Fublic Utilities
Tramways
$ Park Trame | (old)
$4 Pask Trams (SOW) $38 Star Ferries
Y'mati Ferries
BA.15
$33.60
100%
$4.80
881
$33
$179
41
$44.
$100
$17.70
$80
$341
Do. (new)
China Lights (0)
$7.65
Chins Lights (New)
$4,60
China Lights Rts.
ELK. Kisotrion.........
$554
Dairy Farms (Old), $214. Dairy Farms (Newd), $204. Watsons, $9...
Entertainments, $6.50."
SELLERS
Providents, $4.60.
:}
$6
$241
Ropes, $6,
12
SALES
HK. Bank, $1,400/10
$1880 $18.95 $18)|
#214
$8.50
#211
Tramways, $17,70.
Cements, $18.80.
Watsons, $9,20,
MANIAL GOLD SHARES
Atoka 164b, Antamok 175, Bagulo Gold 23js, Batong Buhay 0148, Big- Wedge 20b, Coco Grove 14h, Con. Mines: '0040s, Demonstrationa. 13s, #9 East Mindanao, ‘093b, IXL, 12/5, Itogon Mining 26b, Maribulao Con. 010b Masbate Con 101b, Mind. Motherlode 091b, Mine Operation 101b, North Camarines 118, Para- cale Gummians 224b, Ban. Mauricio 82b, Burigao Com. 173 b, Suyoe Can. 18b, Syndicate Inv. 0278, United Paracale 318, Benguet Con. 5.45b.
$20 Macro Mimodrica
$11 Sandakan Lights man Telephonse (Cl)
$9.60 Telephones.. (new)
19/6 Traction
||10/9 ||Tractions" ~{peuf)
Industrials
***
$14.00 Cald., Mang. (Ord) B. 819 Cald., Mang. (Prof.) H.
#1 Canion L
Camacia Rope
Miscellaneous
Dairy Farm (Old)... Dairy Farm (New).. Ch. haizami
#1 Constructions
Constrooklont (ROI)
37) Lane Crawfords:
Nanyang TobRING
$1.80 Mincers
50%, Ch. G.5%, 19MG $86%, H.I. Gors, % Zones"
$96) |H.K Govt. Bİ%Loan $41 | HL.K. Wing On '8'Eat Wing OB Vibro.POLINE
#8)
15 /8 - Marumann Lev.
$1.80
$221
$21
* 10T
$8.00
18/9
$181
200
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 Gents' Goods, and must make room for new stocks shortly arriv- ing.
THE JUBILEE SILK STORE Specialists in Gents', Wear, Suits, Shirts, Pyjamas and Underwear.
31 Nathan Road, Kowloon.
Corner Peking Road.
THE MOST RELIABLE
LIQUID" INSECTICIDE ·
GEE IT'S SWELL
NOT TO BE
BOTHERED WITH
Fues WHILE WE EAT!
THAT'S BECAUSE
1 SPRAYED WITH PLY-TORI USE IT. BEFORE EVERY MEAL NOWES
DEMAND THE GENUINE
FLY-TOX
Obtainable at all leading Drug and Department Stores Bole Distributora UNITED TRADERS HONG KONG
HONGKONG
SHAREBROKERS'
ASSOCIATION
Volume Of. Bagindas. Transacted On Saturday, Feb 3
15.1,400.00 5000 9:20 -1,000 4.80
500 4.30
98%
HK. Banks
$41
AB Watsons
10
China Prov
89.10
Steamboats-
100 10.50
J
ILK. - TTADE - Cementa
800 17.30
200
18.00
Telephone No. 50401
Jimmy's
BUTTERICK LADIES TAILOR
Winter Sale
Ready made Overcoat and Dresses made to order.
No. 16 Wyndham 8t. Tel. 23815,
We have in Stock and for Sale Great Varieties of used and unused
POSTAGE STAMPS
in, sets, bags, packets, single, and in approval books Tot collections
Kiso
Flower & Vegetable Seeds
GRACA & CO. Dealers in Postage Stamps, Religious Goods, Garden "Beeds, Toys; eta, ete": No. 10, WENDHAM STREET, Bo Bo lên 40'. CONG KONG
SUMMER
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, Kawloon
YOU CAN NOW EAT:-
HOTELS
Telephone No. 56846
RUSSIAN FOOD COOKED IN THE
RUSSIAN WAT.
TABLE D'HOTE $1.00 * ALSO A LA CARTE AT THE
¿METROPOLE HOTEL
1940 ZENITH
NEW MODELS Just arrived NO AERIAL, NO GROUND,
Just plug in and play - CHUEN YEE HONG
54 Der Voeux :Road C
THOMPSON
LADIES'
38,
*TEA DANCE DAILY
3 TO 1.30 P.M.
MUSIC BY THE METROPOLE SWING BAND
Telephone 24311.
TAILOR
MODERN DRESS
CHEAP SALE
"NATHAN ROAD, KOWLOON,
ENGRAVERS
FEI FEI & CO. Photo Engravers
18, Cochrane Street, Telephone No.
AUCTIONEERS
GRENJI~ | COATEE SUN