HONGKONG DAILY PRESS
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
SHARKBROKERS' ASSOCIATION
Mraze Balle Balou Nomina
TUESDAY 5.
Bapore | Ballara Sale Wominał
$1445
$1445
$480
$110
:::
141 1
$103+
$5.20
Best
MAR.
Banks
H.K. Banks
Do. (Col. Lag.) ***
249 Do. Loa. Beg),.--- £91 Chartered Hanks-
£91) Moronatila Bia. “A” £19) Marcantile Bks, #02 Bank of East Asia...
$77
N. C. & S. Books
Insurances
8297 Cantos Insurance ...
#1
Union Insurance Underwrbors.
$155. Firon mürará
Shipping
Dougla
$110
$10
Steambonás
$100 Indo-Chinas
(Prof.)
$80
81/3
Shells
Indo-Chinas (Del.)...
Waterboats
Docks, Wharves,
Godowns, etc.
$7.40
H.E. & K. Wharvon { $103)|
Providente
Providdata (new) ....
H.K. & W. Docky...
Do. (DW)
$42 Shanghal Docks ....
New Engineerings
$1400
293
1583
£311
£13 $78 50 ots.
$927
FINANCE
Finance and Commerce
Rush To Change Canton BRITISH TRADE Currency For National
Dollars
1485 KWANGTUNG BANK
FIXES RATIO
100 ct
9185
#104 $100. $120
81/3
::
$5.20
$23
$42
Mising
18/0
Kala1'
18/-
310
Ranbe
$10
$10
$4
Verexuals Gold
da
***
3) cts.
$34
་་་
Hong Kong Mines ...
AL
$38.60
#!
Lands, Hotels and
Buildinga
$5.70 H.K. Hotels
H.K. Landa
$100 Do. 4% Debendorse
16.60 Shanghai Lands B
"36
H.K. Bestima
$74 Humphrey ............... $105 Chinees „Estates
Cotton Mil
$42
Ewo. (8.)
$170 8's Colicos (8)
$80 Zoong Sing (B.)
$48 Wing On Tetli (8.)
Public Utili
$18 Tramway
$5 Peak Tram (old)
Peak Trams (now) ...
36.60 $5.70
$38.60
€100
$8
$493 #179
$65
$100
$18.40
118
$4
3073
14
IN CHINA
5
time
ELG
WEDNESDAY, MARCH 6, 1940. —PAGE 9
U.S. Steel Makes
Makes Entry Into Open Ore Market
FITTSBURGH—The United States Steel Corporation, sald negotiations were under way for the sale of a substantial" tonnage of iron ore to the Ford Motor Company, marking “Big Steel's entry into the open ore market.
CITY OF FLINT FACES PERIOD
OF IDLENESS
Of
A spokesman characterized the proposed sale AS How Contact Is
departure from recent practice." explaining NEW IRON & STEEL Maintained
that the corporation's ore mining subsidiary, the Oliver Iron Min- PLANT FOR CHINA |Asked in the House of Commons ere only for other steel producing LONDON, Mar. (Reuter)-ng Company, normally produced CHUNGKING, March 4 (Central) yesterday if adequate steps were subsidiaries of the corporation ar --A new iron and steel works, one being taken to safeguard Britain's to less extent, for other steef com-
BALTIMORE Md.,-The 4,000- of the first built in Free China, trade position in China Immedi-panies for blending purposes. Special To H.K. Dally Press
ton steamship City ately following the cessation of will shortly start production to hostilities Mr. R. A. Butler, Under-
Flint, Latest details on the Kwangtang meet one of the most essential Secretary for Foreign Affairs, re-
principal Agure in last autumn's PRICE OF ORE Provincial Bank situation in Hong-requirements of heavy industry in plied: The British Ambassador not disclosed but the Post-Gazette ometals of the line owning the famed European wartime incident, Price of the ore, involved was is to be laid up temporarily, kong are now available. It ap the interior. This plant is part of spends pears that large amounts of Can the enterprise of the semi-official Changking, where there is a per- that interest in the Ford pur-
considerable ton currency are being smuggled.
sald, in commenting on the sale, vessel announced recently. through the Japanese control in
China Industrial Company.
manent office of the Embassy, chase was intensified by reports cargo of tron ore is completed at As soon as discharging of the Kwangtong Province, in order that Located somewhere in Szechwan through which he maintains con- in Cleveland the centre of the ore Sparrows Point, the City of Flint they may be changed for National Province, "the plant is unique in tact with the Chinese Government industry. that the transaction in either will be docked or tied up dollars in Hongkens.
that it has a number of furnaces on all matters effecting British volved a large supply at a price at anchorage, sald J. H. Thredigt!), designed and manufactured by trade interests, when he is at
below that charged steel com- freigh; and trafic manager. Chinese holders of Canton notes furnace, part of the old property
Chinese themselves. An electric Shanghai or elsewhere.
panies compelled to buy ore." in Kwangtung, who are naturally of the company, will be used for miles from the Chinese Head-in a Duluth, Minn., mining -pub- waters added new fame to that
The Oliver Mining Company re-or the
Capt. Joseph A. Galṇard, skipper The British Embassy is 1,800 panic-stricken over the alleged de- melting steel. Szechwan has a quarters, but when the Ambas-ucation, offering Iron ore for sale, won in rescuing victims of the vessel whose trip in cently placed an advertisement Norwegian, Russian and British preciation of their currency, can coal reserve of over nine billion sador is not at Chungking, there an action which the Post-Gazette Athenia sinking, ostensibly will be not perform any financial ex-tons and an iron ore reserve of a is someone of sumclent status to interpreted as an indication that without a job as a result of the change transactions involving million tons. Kuomintang currency in areas
PANIC-STRICKEN
under Japanese muitary control. However, small amounts of Can- ton currency are permitted to be taken out of the province,
It is also learned that the pre- sent Chinese rush in Hongkong to exchange these notes into other currencies is expected to last about ten days. The Kwangtung Pro- vincial Bank is changing these notes at a definite ratio, fixed, by
carry on negotiations,"
the steel corporation, previously laying up of the vessel. So will the not a factor in the ore trade, 40 crew members. might be willing to make addi-
Meanwhile Captain Gainard has tlonal sales and eventually might conferred with the State Depart- tum to the "business of selling ment and Marime Commission other forms of raw materials used omcials on further detalls concern- will not be effective enough to in the steel Industry."~(Christian ing the ships experiences abroad. alter the situation,
Japanese Discrimination Against U.S. Trade
the Ministry of Finance in Churs- CONTROL ON EXPORT king. Yesterday morning the bank was still being crowded, to capacity.
$4
1+1
$27 mati Farrie
Do. (new)
$27
די
$8.50
$81
$3.60 $875 $8.75
A
AL
$0.40
$5.40/55..
China Lights New)
85+
$5.00/
$871 $681
$69
367 368
$88
$22
811
$994
$11
C.D.
29/-
China Lighia (0)
China Light Rta.
H.K, Electrics
Macao Electrics........
Sandakan Lights
$99.80 Telephones (old) ...... Telephones (now) ...........
21/9 Trsations men 23/0 Tractions (peal.)
Industrials
$14.00 Cald, Mecg. (Ord.) 8.
$12
Cald., Mac. (Fraf.) 8.
Canton Tow
Coment
$6.10 Bope
Miscellaneous
Dairy Farm (Old)...
32.60 Dairy Farm (New)
$7.40 Ch. Baina be
::
***
81..
OFFICIAL RATE
notice in Chinese on the bank's premises says that the bank is willing to change on demand unlimited amounts
Canton notes: for National dollars at the official rate of $1.44 Canton for
of
$1.00 National, and not as
viously erroneously stated.
H.K. STOCK EXCHANGE
OF LACE AND
EMBROIDERY
GREAT HARDSHIP
It is understood that the Jap-.
Science Monitors.
(Christian Science Monitor).
anese measure has brought great SILVER MARKET LABOUR TROUBLES hardships to American
exporters
of ince and embroidery for which
a large amount of capital is tied up.
London, Mar. 4 (Reuter), IN SHANGHAI » Silver: Little speculative buy- Social unrest Is, causing the ing and bear covering found very tabour trouble in Shanghai to Observers in Tientsin recall that short supplies. Market quietly spread, according to an arrival American commerce tn North Steady. Buyers satisfied. "In the from that CHUNGKING, March 5 (Cen- China suffered adversely when the afternoon, the market was easier, strikes of workers of the Wing on city. Although the Further discriminating Japanese enforced against American trade in North change and export cuatrol The but buyers were reserved.
with sellers at 1/4 under the rate. Textile Manufacturing Company foreign China, the Japanese have placed Japanese interference was intens!-
and the China General Omnibus the export of lace and embroidery, fed when the abrogated Japan- «
Spot, 21-1/4d.
Company have been settled Forward," 21-1/8d American exporters in Tientsin expired on Jan. 26. which has been
through the efforts of Mr. Yu Ya- enrared byese-American commercial
ching, prominent Chinese citizen, for decades,
labour troubles in other factories the
are still brewing, he said.
»tral}· -
on
control
ex-
treats
pre-list since January. It is reported "Greater Kunming"
0234 The market is a trife easier. 9394.There is no rush of selling, though buyers have temporarily gained the upper hand, and are basing. their enquiries on lower levels.
BUYERS
$1
820.30 1.40
་་
FIR
$20.40
$8
$23.36
!:
$7.40
#11
Constructions
$1.85
1
Constructions « (DOW)
171
Lane Crawford
18
Nanyang Tobacco ........
$3
$1.80 Bineres ne
$9.70
Watsons
43.75
50%. Ch. G.5% 1928G Bds.
HK. Wharves, $103.
$100 H.K. Gori. 4% Lanná
100'
H.K. Mines, 34 cents.
$95+
H.K. Gori, %% Lo
954X
China Lights (Old) $8.45.
1. ⠀
$41
H.K. Wing On
841
Bhai Wing On ..........
$10
181
Vibro Pillag ****
$9.10
China Lights (New), $5.40.
SELLERS
14/0
Karumanz Inv: (Lon.}
$1
Hongkong Banks, $1,460.
from the North China port
LATEST INTERFERENCE
To Be Built
NEW YORK SILVER New York, Mar. 4 (Reuter). Silver. Official, 34-3/4
BOMBAY SILVER " Bombay. Mar, 4 (Reuter). Market.-Steady. Offtake 50 bars.
Ready
Indian Mint Silver
May I settlement Apr. 3 Settlement
58-03 68-07 58-11
On
During a strike of the workers in the Jen An Greenhouse March 2 he disclosed, several Japanese ronin broke into the place and manhandled the work- ers, several of whom were later forcibly taken away. Chinese cir cles are paying close attention to the incident,
Japan's latest interference with! KUNMING, Mar. 4 (Central) American business, according to-Plans for the building of a the report. has drawn verbal, re- "Greater Kunming", to include presentations from the American the whole of Tienchih Lake, south consular authorities on the spot of the city have been drawn up but the outcome is not yet by the Kunming Municipal Govern- known.
ment Well-informed circles in Tien- The Greater Kunming will a great city is growing as it will-It was officially announced res- sin are said to have expressed include industrial, commercial. become in the near future the terday that the Bank of New the opinion that the Japanese residential and cultural areas, and terminus of the Yunnan-Burma, Zealand has lent the Government have apparently formulated a there will be a tram service Chufu-Kunming definite policy agains American around Tienchih Lake.".
and Yunnan- £1,000,000, free of interest. for traders and verbal protest alone The importance of Kunming as struction.
Hunan Railways.now under con- the duration of the war and atr
months afterwards.
WELLINGTON, Mar. 5 (Reuter)
HK. Docks, $23.10.
H.K. Lands, $38. Electrics, $68).
Telephones (New), $112,
SALES
Hongkong Banks, $1,460/65.
China, Lights (Old); $8.80.
SHOE CO.LTD.
HONGKONG SUPPLIES ALL KINDS OF FOOTWEAR
Hongkong Baily Press CLASSIFIED ADVERTISEMENTS
MARBLEHALL
(and Annexe Private Hotel).. 34, Granville and 103, Austin Roads," Kowloon, tennis courts Beautiful garden. Rooma and suites with private bathrooms, All modern conveniences. Apply proprietress, 103, Austin Road. Phone 60233 and 34. Granville Road. Phone 59493.
Karemans Inv. (H.E.) Wm. Powsis
Sales
to Shanghai
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, March, 4. S'hat Elec. Constr.,,Co. The following quotations are the S'hal Waterworks. “A” "middle" prices at the close of the Union Insurance
market in London. All quotations Gula Kalumpong Rubber are subject to confirmation and no Allled. Tronfounders responsibility is assumed for errors Asso. & Elec. Industries In transmission.
H.K. Docks, $23.
15
H.K. Lands, $38.80/38).
134
H.K. Trams, $18.15.
28
Star Ferries, $67.
21/104
14
141444
China Lights (New), $5.55/5).
43
Austin Motors, ord.
17
Electrics, 20/19.80/19.70.
Cements, $20/19.80/18.70.
War Loan, 34% (Red
after 1952)
Cable & Wireless, New
Form, ord
Dairy Farms (Old), $23.
63
MANILA GOLD SHARES
99-5/16
B.-A. Tob. (bearer)
104/44
AUCTIONEERS
Canton-Kloon Rly. 5%
16
Mexican Eagle
121
Chinese 4% Gold Loan
Cammell Laird, ord.
8/7+
1898 (Brit. Issue)
60
Mexican Eagle
0/101
Chinese 5% Gold Bonds,
Courtaulds
37/6
1925-47
50
Distillers
Chin. 41% Anglo-French
Dunlop Rubber
Loan, 1908
50
Gen. Electric (England)
87 33/9 81/104 ·
Chinese 5% Crisp Loan.
Guinness (A) Bon & Co.
81
Camarines 0918, Paracale
Atoks 18b, Antamok 14b, Baguio Gold 21b, Batong Buhay 0128, Big, Wedge 208, Coco Grove 12b, Con- solidated Mines 00358, Demonstra- tion 12b. IXL 368, Ipo Gold 10s, Itogon Mining 266, Manbulao Con-antur solidated 013b, Masbate Consoli dated 0918, Mine Operations 10s, North
GREATEST COLLAT TION OF KARGAINS IN TOWN!
LAAMESTS
ALA HON ROOM
$
1912
30
Chinese 5% Reorg, Loan.
1913 (Ldn. Is.)
Chinese 8% Bter. Notes.
1925 (Vickers)
12
Hawker Siddeley Airc. Bristol Aeroplane..... Imperial Chemical Ind. 32/6 Imperial Tobacco Marks & Sp'cer "A" ord.
14/11 16
Gummaus 21b. San Mauricio. 793;
Chin. Imperial Rly, 5%
Rolls Royce
i
125 53/71 92/0
Loan
55
Leyland Motors
474/9
Honan Rly, 5%
16
Tate Lyle....
54/71
Hukuang Rly. 5%, 1911
19
Turner & Newall
68/104
Bukuang Rly 5%, 1811
United Steel ............
24/3
German Isue)
Smethwick Drop Forg. 15
Lung Tsing 2 V. Hạt
Rly, 5% 1913
14
8'hai-N'King Rly. 5%.
20
Armstrong Stevens, ord. Pressed Steel, com........ Vickers, ord.
Surigao Consolidated 20s, Suyöe Consolidated 138, Syndicate In- vestment 022b, United Paracale
2845, Mindanao Motherlode 101sTHE MOST RELIABLE
HONGKONG
SHAREBROKERS'
ASSOCIATION
LIQUID INSECTICIDE
GER, ITS SWELL
NOT TO BE
BOTHERED WITH
FLIES WHILE
16/3 20/9
Tientsin-Pukow Rly. 5%
Woolworths
(Brit. Stpd.)miz
| Anglo-Dutch
**64/72
25/6
Tientsin-Pukow Rly. 8%
Rub, Plant, Invest. Trust 34
16
18
(German Stpd) Tientain-Pukow Rly. 5% (Erit Brid. Bun Loan) Tientsin-Pukow Ely. 5%
(Ger: Stgd, Súpi Loan) 16 Jap. 6% Ster, Loan, 1907 53) Jap. 6% Eter, Loan, 1924 · 564 Ger, 7% Intl. Loan, 1924 Th Chartered Bank
Maraman Investments Randfontein Estates Western Holdings. Sub-Nigeledeszentenas
187/6 Tanami Gold Mining ... ed. Angio-Iranian ...
58/3 Burmah Shell Trans,
Burma Corporation
10
Volume of Business Transacted
on Tuesday, Mar. 5, 1940 ́ China Lights (Old) 500 $8.80 100 8.65 China Lights (New)... 300 '8.65 5.55
[WE EAT!}
Commonwealth Mining
Cements
100 100 20.00
14/B
Dairy Farms (Old), 200
23,00
38/9 15
100.
23.00
50
23.10
Dairy Farms (New), BK. Docks
28
22.00
J.
100
23.00
500 23.00
(bearery
■Nominal
HK, & 6'hal Bank (Ldn.
Reg.)
93
HK. & Shải Bank (Col.
Reg)
021
Chinese Eng. & Mining
(bearer)
18
LONDON GOLD
Chosen Corporation
6/8
London, Mar. 4 (Reuter),
3,825
Pekin Syndicate
1/6
Bar Gold, Fine per oz., 188..
The total value is $84,200.
71/101
& Trad.
HK Electrics
81/3
1,100 23.00 100 $68.00 200 67.75 HK. Telephones (N.). 200 11:40 100 11.30 Star Ferries
50 67.00
THATS MOCASSE SPRINTED WITH FLY-TOK.FUSE IT BEFORE EVERY MPAL NOWET
DEMAND THE GENUINE
FLY-TOX
Obtainable at all leading Drug
and Department Stores".
Sole Distributöra UNITED TRADERS EING TONG
ENGRAVERS
FEI FEI & CO. Photo Engravers
18. Cochrane Street, Telephone No. 22224,
AT
Jimmy's
BUTTERICK LADIES TAILOR
Winter Bale
Ready made Overcoat and Dresses made to order. No. 18 Wyndham Яt Tel. 28615,
Flower Bulbs
of
Gladioli and Begonia
direct from
Holland
obtainable at GRACA & CO. Dealers in Garden Seeds, Postage Stamps, Picture Books etc, etc.
10 Wyndham Street.
Hong Kong.
·Established · 1896.
YOU CAN NOW EAT:—
HOTEL'S
RUSSIAN FOOD COOKED IN THE
RUSSIAN WAY TABLE D'HOTE $100 ALSO A LA CARTE AT THE
METROPOLE HOTEL
1940 ZENITH
NEW MODELS - Just Arrived NÓ AERIAL, NO GROUND, Just plug in and play!
CHUẨN YEE HỒNG
54 Des Voeux Road C.
THOMPSON
LADIES
38.
TEA DANCE DAILY
5 TO 7.30 PM. MUSIC BY, THE METROPOLE SWING BAND
Telephone 24311.
TAILOR
MODERN DRESS
CHEAP SALE
NATHAN ROAD, KOWLOON,