HONGKONG. DAILY - PRESS
LAMMERTS' AUCTIONS
FINANGE
Finance and Commerce
PUBLIC AUCTION. Spectacular AVALANCHE OF High Cost Of
HE Undersigned have received
TE
Instructions from The Marshal
In Prize and others
TO SELL BY
PUBLIC AUCTION
см
Saturday, the 24th February, 1940
commencing at 11.30 a.m.
20 Parcels Miscellaneous Goods
1 Bundle Garden Hoes
1 Carton Instant Postum
and
A QUANTITY OF FURNITURE "AND SUNDRIES
Jumps Of Several H.K. Stocks
CONDITIONS. REMINISCENT of boom days were seen in Ice House Street- yesterday when prices of several stocks made spectacular Jumps and the largest volume of business for many months was
recorded.
"
PAPER MONEY
IN TIENTSIN
CHUNGKING. Feb. 23 (Central) -Messages from Tientsin reparti
Living In Shanghai
非
H.K. STOCK
· EXCHANGE
This week's racing has interfered with the even tenor of the market but a glance over the recorded tradings reveals racing did not have such a quiętaning erect as usual. The result being the volume of business up to and including Wednesday was good. Surprises have not been confined to the race course.
As mentioned yesterday the Electric announcement came that the recent sudden heavy SHANGHAI. Feb. 23 (Renter), slump of the Federal Reserve The French Concession authorities shares were traded up to $70. They as a surprise-a pleasant one—and Bank's notes
due to the have issued regulations to curb the have now fallen due to some proat avalanche of new high denomina-sky-rocketing in the costs of living. taking and are easler round $88. tion paper money that were being The French Concession will fix Good business has been done dur- circulated on an already extremely the maximum prices for daily ing the week, especially to-day in weak market.
necessities, while taxes will not be Lands, Docks, Cements, Hotels and increased, in order not to give an Telephones both Old and New. impetus to any price rises
These latter have registered a Stocks of merchants will be sharp rise, the Old from $27 to $301 checked and any contravention will and the New from $8 to $102. lead to the confiscation of goods, Closing tone" steady, with appear which will be distributed to the fances of possibly more interest be- indigent population or sold their beneat. A committee, which
foring taken in the market generally.
will be formed, will be entitled to go into all the details of business transactions,
The Federal Reserve notes, ac cording to these reports, are now quoted at the rate of $124 to overy $100 Chinese legal tender notes.
1:
FREE ACCESS
INFLATIONARY TENDENCY During the recent few weeks, it The most noticeable feature of is understood, at least $90,000,000 the market was the leap of Hong- of the Federal Reserve notes were kong Electrics. The stock stood put into circulation by the Hopel at around $58 on Thursday, before authorities. the announcement of dividend Originally axed at $400,000,000, and the proposed new issue and the total amount of the Federal increase of capital,
Reserve notes now in circulation is Merchants will be required to Business was done at $60 at said to have reached "the huge allow free access to their books to the close on Thursday, and yes-
Agure of $900,000,000,
members of the Committee and for terday the price advanced to $70,
Inflationary tendency is in" evi-examination of their stocks. Fines LAMMERT BROS.. at which rate a considerable num-dence everywhere, the reports add. from. $1 to $1,000 will be imposed
Already notes of smaller denom-for any infraction of the regula nations, including 10 notes, are tions. gradually disappearing in the mar-
Terms: Cash on Delivery.`
AUCTIONEERS.
ber
of shares changed hands. Later, the price receded to $88, at which there were buyers.
ket, being replaced by a large HONGKONG Telephones (old) jumped from number of $100 notes. It is report $27 to $30 and Docks from $22.25 ed that the Federal Reserve Bank to $23.50. It was reported late authorities are shortly issuing
PUBLIC AUCTION. that Docks could be placed at $24.
THE
HE Undersigned have received.
Instructions from The
trar, Supreme Court,
to sell by
notes of $500 and $1,000 denomina
though no business was done at tions, this figure.
Lands, Cements and Hotels also Regis-registered sharp rises, and the market closed generally steady and optimistic.
PUBLIC AUCTION
60
לי
.. "
LONDON GOLD
London, Feb. 22" (Reuter). Bar Gold. Fine per oz., 168.
HONGKONG SHARE QUOTATIONS
SHAREBROKERS'
ASSOCIATION
Volume Of Business Transacted on Friday, Feb. 23, 1940. A.S. Watsons
500 $ 9.50
E.K. Banks
BUSINESS DONE DURING
THE WEEK"
HK. Bank, $1425, $1430, $1450. Canton Ing., $220.
Union Ins.. $470, $480. HE. Fires, $185,"
Docks, $2210, $22.15, $22.30, $324, Providents, $4.85.
Lands, $371, $371, $374, $38, $384. Tramways, ex. div. $17.45, $17),
$17.55, $17.60, $17.85. China Lights (0), $8, #3.10. China Lights (N), $4.95, $5.05." Mectrics, $571, $58, $582, $62. Telephones (Q), $283, $27. Telephones (N), $9.70.
Cements, $19.10. $19,20, $191,
$19.20.
Ropes, $8, $8.10.
Dairy Farms (0), $22.15, $23.40,
$221,
Dairy Farms (N), $21, $21). Watsons, $9.40, $9.80 $9,45, $9.40,
$9.45.
Providents. $4.70.
Realties, $44.
Tramways, $17.60. Star Ferries, $84). "
Yaumati Ferries, $28.
1 1,455.00
China Lights (N)
100
"5.25
China Providents ...
500
4.80
Chiza Providents
500..
4.85
Dairy Farma (N)
500
21.85
Gort, 4% Loan, 110.
EX. Docks
200
22.75
BUYERS
H.K. Docks
1,500
23.00
H.K. Bank, $1440.
H.K. Docks
200
23.25
Union Ins., $175.
H.K. Docks
100
23.50
Fires Ins., $185,
STOCK EXCHANGE
Rayors
Ballo
Bales Nomin
SHAREBROKERAS" ASSOCIATION
FRIDAY 23. FEB.
HK. Electrics
200
68.00
"Wharves,, $101.
B.K. Electrics
500
68.50
Docks, $224.
HK. Electrics
100
69.00
Bagera Baller
Balsominet HK. Electrics
1,533
70.00
Banks
Entertainments HK Hotels
125
7.50
1,500
5.70
$1450), C.D.
31450 C.DR.K. Banks
81430
***
XD. X.D.
£90 £87
Do. (Col. g.) --
Do. (Loa. Reg.)
Chartered Banks
C.D.
#1450 X.D. 290 X.D.
287
Telephones (0)
-500
29.00
Telephones (0)
400
30.25
China Lights (0), $84.
Telephones (0)
12
30.00
China Lights,, (N), 35.05.
31
Mercantile Bla. ****
£3
Telephones (N)
600
10.25
Telephones (0), $304.
£31
Telephones (N)
1,050
10.35
878," Bank of Bast Asia
£19
HK, Lands
* 500
38.25
N. C. & B. Bezika
978
HK. Lands
.100
38.50
Insurances
so eta Itogons
5,000
0.57
8920
Canton Insurances ...
#215
United Paracales... 5,000
Ps. 0.29
Union InnerENOUS
$420
Underwriters
******* 90 cts
$185
H.I. Firme
€182
Shipplar
Douglass
$100
$101 Steamboatal
$100 Indo-Chinse
$80
Sheila
Saturday, the 24th February, 1940
at 12 o'clock (noon)
at their Sales Room No. 2 Con-. naugh; Road Central, 2nd Floor, Room No. 205.
F
The Goods and Chattels of S. C. Lay & Co. of No. 67-68A Des Voeux Road Central, 3rd Floor (David House).
Terms: Cash on Delivery.
LAMMERT BROS., 100
AUCIONEERS,
#230
$475
$185
$4.70
R.
PUBLIC AUCTION. ****
Undersigned ́have received Instructions
to sell by
PUBLIC AUCTION
=
::
#!
123 Mercantile Bks, “O”
78/9
***
自
$7.40
:.
$101 Stoo $120
78/0
84.65
***
$22 301/22)
༅gཚོ།
10/0
810
120
·Tuesday, the 27th February, 1940
and
Wednesday, 28th February, 1940.
::
#
$4.65
Indo-Chinas (Del.).
Waterboste
Docks, Wharves,
Godowns,, eta.
$102 H.K. & K. Wharvas $101
Providenia
$12.30/92
$38 638 032
Providanté (new),
H.K. & W. Dock... $22.20
De. (now)
$39 Shanghai Dock #
New Engineerings. H.
19/0 Kailani
Mining
$10 Babe mitigasine
$4
Venerels Gold Fida $3;
3 cta. Hong Kong Mines
Lands, Hotels and
Buildings
$6.66 H.K. Hotels...
HK Lands ... $100 }Do. 4% Debentures $18.50 Shanghal Lands
H.K. Eositive
Humphreys
1101 Chinese Eslabon
Cotton Mis
$384 Bro (8.)
#170 8'ha Cottons (8.)
144 Zoong Sings (5) $451 Wing On Textiles (5.)
Public Utilition
Tramways done
|ANGLO - U.S. BARTER PACT EXTENDED LONDON, Feb. 23 (Renter)-The Ministry of Supply has notified the Rubber Market that the United States Government, has agreed to extend the barter period until the end of September, the period la which rubber furnished by the British Government, under the Rubber Cotton Barter Agreement, may be shipped, thus extending the existing date by three months.
Telephones (N), $103,
Cements, $191.
Dairy Farms (0), 322}. Dairy Farms (N), $214. Watsons, 19.40. Entertainments, $74.-
SELLERS
Hotels, $51. Lands. $39. Electrics, $631, Watsons, $9.60.
SALES
H.K. Bank. $1452) Union Ins.,. $480. Fires Ins., $185. Docks, $231/23). Providents, $43/4.80. Hotels, $5.70. Lands, $38/39. Humphreys, $7.70.
SATURDAY, FEBRUARY 24, 1940) --PAGE 9
EVERYBODY'S
Favourite....
BLACK & WHITE"?
"BLACK&WHITE
NO IF OR MAY BE IT'S THE SCOTCH.
CONSOLIDATION OF STOCK EXCHANGE: TURKEY'S ECONOMIC
POLICY
ISTANBUL, Feb. 23 (Reuter)-
INDUSTRIALS STILL ACTIVE
LONDON, Feb. 23 (Reuter)On
The Turkish Government is draw- the Stock exchange, Industrials ing up regulations with a view to continued the main source of yes- applying, without delay, the rpeterday's activity and prices in all cial powers conferred by emer-sections reflected the presence of gency law, according to a message frësh buying. from Ankam.
The removal of the minamam In view of the influence which | price. on London Passenger the war has had on Turkey's transport Co. stock was respon- economic structure, the first step sible for increased interest in will be the classlication of all Home Rails Initial dealings in exporters and importers into exi- this stock were on the basis of
48 to 52 and closed around 524. ly controllable groups.
Cosh prices will be established. Measures will also be taken to accumulate stocks and to ensure ample supplies for nationat de- fence requirements,
Tramways, 517.70. Yaumati Ferriën, $284. Electrics, $67/70/69/684. - Telephones (0), $29/30), Telephones (N), $9.70/10.30. Cements, $19.30/194. Watsons, $94.
Govt. 34% Loan, 953.
MANILA GOLD SHARES
Shipping shares attracted at- tention
„After hours, a dividend of 11 cent was announced
London Midland Scot tish ordinary shares.
per the
Courtauld's total dividend this year was 7 per cent, compared with, the. 4 per cent, last year. Wall Street was closed on holiday.
SILVER MARKET A
LONDON. SILVER London, Feb. 22 (Renter), Silver-Market quiet. General selling, but lacking business" azud small buyers were satisfied. (In.) Atoks 18b, Antamok 154b, Baguio the afternoon the market watą. Gold 22jb, Batong Buhay 013b, Big file, with small amounts obtain- Wedge 201b, Coco Grove 145, Conable, possibly a shade under the Mines 00358, Demonstration rate."
128, 1.K.L. 3848, Ipo Gold 11b, Itogon Mining 27th, Manbulao Con 013b, Masbate Con. 104s, Mine Operations 101b, North Gamarines 10s, Para- cale Gummaus 22b, San Mauricio 81b, Surigao Con. 17h, Suyce Con. 1215, Syndicate Inv., 024b, United Paracale 298, Mindanao Motherlode 108.
Spot, "20-1/4d. Forward, 20-1/40.
Market-Quiet.
BOMBAY SILVER
Oftake 50 bars." Bombay, Feb. 22 (Reuter),
Ready
Indian Mint Silver
Mar. 4 Settlement Apr. 3 Settlement
55-06
55-03
55-08
SHOE.CO.LTD.
HONGKONG SUPPLIES ALL
KINDS OF
FOOTWEAR
Hongkong Daily Press CLASSIFIED
ADVERTISEMENTS
MARBLE HALL
(and Annexe Private Hotel): 34, Granville and 103, Austin Roads, Kowloon, tennis courts. Beautiful garden. Rooms and suites with private bathrooma. All modern conveniences. Apply proprietrela 103, Austin Road. Phone 50233 and 34, Granville Road. Phone 59433.
*$5.05
338
100%
I
$4.85
$7.70
¥1,70
at HM. Naval Yard, Hongkong, and
::
$39
$179
at Kowloon Naval Depot,
344
$100
commencing each day at 9.29 x.m.,
with an interval from 12 noon to $17.80
$17.00/85
$17.65
88
Peak Trame fold) ***
1.30 p.m.
Pank Treme (wow)
164
|Biar Ferrin
464
Old and Surplus Naval Stores, etc.
$25
Y'mati Furries
328
comprising:—
$5,00
Four Cylinder Petrol Engine, Re- frigerator, Old Tools, Canvas, India
LAP
China Lights Rts.
$66
1868/+2
Rubber, Clocks, Leather, Eléctric Gear, Electric Motors, Lamps, Bino- culars, Dars, Cordage, Firewood, |, 191 Blankets, Counterpanes, Carpets, Rugs, Beds, Wash Basins, Furni ture, Electric Cable, Oll Drums, Dirty Oll, etc.
$90 $111
Do. Dew
China Light (0) China Lights (New)
H.K. Blackros..................... Macao Mackic
88.10 $5
10
...
$64
Ka/60
Bandakan Lighẩm com
$27
397
Telephones (old) ..... |Telephones. (new)
197 4100 $9.60
Industrials
#12
$1
Aliza
$19 18
Cast Iron Boringa, Zine Ashes and Old Iron and Steel.
38/8.10
$221
$221
Lots may be Inspected on Mon- day, 28th February, 1940, (Only British subjects will be admitted into HM. Naval Establishments to view or.bid for the lots).
Terms of Sale:-As detailed in Catalogues
LAMMERT BROS.
By Appointment, Auctioneers to the Admirnity.
Hongkong, 12th Feb., 1940.
#214
$7
·$17
$1
Constructions
Nanyang TobacOD.
89.40
NOT TR
88 40/1.45
$180 gipostes Watsons
$9.40 89.60 89.40/|2.45.
$1001 E.E. Gork. 1% Loses 1851 K Gori. 24% Loan $41.K. Wing On
100*)
Je had Wing On
$10
14/9
4/0
Vibro Piling increm
MATURans Inv. (Lam.)
Harumans Inv. (HL)
W Powells usines
$9.10
19/6 Traction
19/9 Totions. (prof.) -
$14.90 Cala, Mang. (Ord.) 5.
| Cald., Maig. (Prof.) 8.
Canton 1000
Cate
Ropas
Miscellaneous ---
Dairy Farm (Old) ... 82.40)
Dairy Farm (New)
|Ch. 1'baźimatris
Constructiona
314 Lane Crawfords
21/0
#1
$19.90
321.40 $214
$7.40
·$1.85
THOUSANDS CLEAN EYES.SK Stom
FYES reddaned og nemalneatly valued by late
simr_them in, esconde. With new i
INSURANCES
The National Mutual Life Association, of Australasia offers you the best conditions for a fund for old age, and your family in case of your destä. Annuities and educational policies ar slao lasued. Inature now. Ofise :—8) Des Voeux Ed. Central (5th Boor Boom No. 68), Bank of Canton Build ing, Hongkong
Tel. No. 97478,
Bosident. Secretary,
H.R. WILLS,
Her EYES Won Him
EAT AT
Jimmy's
BUTTERICK. LADIES TAILOR
Winter Sale
Ready made Overcost and Dresses made to order. No. 16 Wyndham St. Tel' 28615,
Flower Bulbs
of
CLEAR.MILKY WHITE LUSTROUS Gladioli and Begonia
direct from
YOU CAN NOW EAT-
·HOTELS
RUSSIAN FOOD COOKED IN THE
RUSSIAN WAY
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"
54. Des. CHUEN YEE HONG
Bond C.
"TRA" DANCE DAILY
5 TO 7.30 PM MUSIC BY THE METROPOLE SWING BAND
Telephone 24311:
DE GENER And what a differewnow when whiter uma cane
| wwparkling white! Moner back if it fallal Batema
i at may drug or departmans storm-990)
EYE-GENE
Obtainable at all leading Drug & Depariznant Stores Bole Distributors: UNITED TRADERS Hong-Kong.
Holland
obtainable at
CO.
GRACA &
Dealers in Garden Seeds, Postage Stamps, Picture Books etc., etc... No, 10. Wyndham Street.
Hong Long. EstatHabed 1896.
ENGRAVERS
FEI FEI & CO. Photo Engravers 18, Cochrane Street, Telephone No. 27224,
-AUCTIONEERS
GREATEST €991 ET HON OF PARGASSES INWAT
1.AMMERT-
MOHON Prat