II
HONGKONG DAILY PRESS
Finance and Commerce
MONEY AND EXCHANGE
CLOSING QUOTATIONS
MAY 17, 1040. "
On London:-
Telegraphic Transfer, 1/16 Bank Bills, on demand 1/2 13 15 Credits 4 months' sight: 31% On Shanghai:- On demand
ԱՌ
On Singapore-
On demand
On Japan:-
On, demand
On India:-
Telegraphic
and demand
On New York:-
340
....62 1/2
Tranister.
84 37
་
Bank Bills, car demand 1-7/P Credits, 80 days' sight 20 7/8
..... 33 1/9
On Batavia:—
On demand.....
On Parts:-
Bank Bills, on demand 108L Credits 4 months' sight 1140
On Saigon:---
On demand
On Manila:-
On demand
On Bangkok:—.
Sheep Ranch On Large Scale
GOVERNMENT. TO HELP PROJECT CHUNGKING, May 17" (Central) -Szechwan Provincial Economic Reconstruction Commission is de Ing formed in accordance with the economie reconstruction progaru- me of Szechwan, recently pro- mulgated by. Generalissimo Chiang Kai-shek who is concur- rently the Szechwan Governor.
The Commission will take charge of the task of directing. co-ordinating and examining the various phases of the programme, Including land administration. agriculture in forestry, industry
and mining. communications. trädé, finance, reclamation and 18 1/4health.
SHEEP FARM The Joint Head Office of the four government banks, namely, the Central Bank of China, the Bank of China. the Bank of Com- munications *3"9/2
and the Farmers'
30 3/4
On demand
151
On Sterling Notes:-
Bank Buying Rate...
Bar Silver per oz
Market Report ..
FROM ROZA BROS.
Bank, ha negotiated with the Szechwan Agricultural Improve- ment.Furead to set up a big-sheep ranch In Süngpan to. northwest
where' there are j
allver prices rose yesterday to Szechwan
The banks
H.K. STOCK EXCHANGE
The market has suffered from neglect this week having been completely overshadowed by the War news. I is not surprising that such small buying orders as have come along nave been nego tiated entirely on buyers terms, over the week are easier. consequently prices
halance
00
BUSINESS DONE DURING THE WEEK
HK. Banks, $1500, $1470, $1460.
$1440, $1450,
Union Ins., $465.
Wharves, $100. Providents. $4. 34.00... Lands $38+
Humphreys. $8. Chinese Estates, '$1041 Tramways, $17.35, $17.40 Star Ferries, $63. China Lights (0), $7). China Lights (N), 54.70. Raubs, $9.85.
Govt, 4% Loan 103.
BUYERS
Humphreys, $7.90. wo
HK Govt 4-Loan. 102
SELLERS
Union Ins., $465. Docks Pts.. $61.
SALES
FINANCE & GENERAL
HONGKONG SHARE QUOTATIONS
SHARKREONIALS "ASSOCIATION
***
·$485
$78Bank of Bari Asia ---
¡N. "C. & S. Becks.
Insurances
$230 Canton Insuramons... ...
Jalan IngarRBORE ... 85 cta. Underwriters
B.I. Fire
Stipplag.
$120 Dougla
Steamboats
+
$173
:::
Basorium!
288
1930
SATURDAY, MAY 18, 1940. --PAGE 9
TAKE
"BLACK
& WHITE"
STOCK EXCHANGE
Bayaraj | Ballers.
8 Nomi FRIDAY 17.
MAY.
Bager
Bank:
$1440/50...
B.K. Banks
$1480
284
Do. (Col. Eng.
Poor appetite?
£884
Do. (Lon. Bag)
£88.
£
Chartered Banks ....
£31 Mercantile Bks. “A”
£9
$12 Marcantile Blu, 403
£31.
60 st.
$485
70 cts
$175
$190
$12
$100 Tido-Chinas
[Prof.)
9100
$80
Indo-Chinas (Def.)...
$120
60/7
Bhells
60/7
$6.90 Waterboats
86.90
$091
$4.05
$21
813
$8
355
.18/0 89.80
$11
HK. Banks, 31430/25 Unions Ins.. $485/460. Bank of East Asia, $73. Lands. $36.
$8
Humphrey's, $8.
and thei
China Lights (0), $7.40/35,
[],
China Lights (N). $4.TŐ.
the
MANILA GOLD SHARES
will loan to
the extent of 7/16, for Ready and vast stretches of pasture land. 3/8 for Forward, the quotations The ranch will seek to improve. being 23.1/2 and 23.5/16 respec- the breed of sheep tively. Silver advices reported a production of wool. quiet market." Demand was small but offerings were restricted. ranch $400,000. Shepherds in the American Silver was."quated Sungpan area may seek loans Gold 186, Batong Buhay 00855, Big Atoks 131b, Antamok 09s, Bagilio 34.3/4 for Spot..
from the ranch. It is estimated Wedze 1533, Coco: Grove 061s. Con.” The London/New York cross-within five years the number of fines 00138. Demonstration 05b, rate was quoted at 403.1/2. New sheep will be increased to 200,000 IXL 251b, Itogon Mining 1813, York/London was quoted at 236. head costing $6,000,000 and the Masbate Con. is. Mine Opera- annual output of won) to 10.000 tons 084b, North Camarines 0259, piculs.
J
1/2.
Firm.
MARKET
STERLING
Opened with sellers at
་་
07b.
21
A project for the improvement San Mauricio 51s, Surigao Consol, of the Szechwan silk industry has 136. Suyor Consol, 10s, United 1/2.29/ meanwhile been formulated by
Paracale 17s. Mindanao Motherlode. 32 with business done later at 1/2 the Ministry of Economic Affairs. 15/16 for Forward and near, The The four government banks will market closed at 1 p.m. loan $900,000 for silkworm raising HONGKONG sellers at 1/2.13/16 for forward, and the establishment of flatures. probably near, buyers at 1/2.31/32
for any delivery,
U.S. DOLLARS
with
Opened with sellers at 20.1/4
with business done subsequently at 20.3/5:
Later business Was
done at 20.7/18 and 20.1/2 for "near delivery. The market closed
at 1 pm. with sellers
To Help The Farmers
CHUNGKING, May (Centr
at 20.7/16-The Joint Head Office of the May and 20.5/16 June, buyers Central Bank of China, the Bank
-pro
18
SHANGHAI DOLLARS
at 20.1/2 May and 20.77) of China, the Bank of Communica- tions and the Farmers Bank has signed- agreementa with the Shansi, Szechwan.. Klangs and Sikong Provincial Governments for collaboration in the extension of agricultural loans in their resper tive provinces
The highest rate done this morning wet 373. · Towards" 1 pm. business was reported at 366. There were sellers at 385 for Spot.
SHANGHAI MARKET Opened with sellers at 3.31/32 and closed arm with sellers at 4.1/32 for Spot. U.S. Dollars were quoted at 5,15/32 for Spot,
MARKET
Steady.
STERLING
Negotiations are under way Tor agreements with other provincial governments,
4
Extennon of agricultural loans
SHAREBROKERS”
ASSOCIATION
Volume Of Business Transacted
-on Friday. May 17, 1940.
China Lights (N)
HK. Docks Rts.
*Sale on Thursday, May 16. The total value is $2,310.60.
$841
$27
Docks, Wharves,
Godowns, etc.
3100 H.K. & E. Wharves $4.05 Providenia
Providenie (new)_...
891 H.K. Docks C. RTS. 1.K. Docks X. Ets....
do Rtá.
#43 Shanghai Dooks B. --
Mining
18/0
Kailas $9.85 Rsubs
Venezuela Gold Fids
6 ota. Hong Kong Minos
Lands, Hotels and Belldings
$4.35 H.K. Hotāls neimma $36 H. Lands........ $10 Do. 4% Debentures $19.90 Shanghai Lands. $. 84 H.K. Esalties .....
Humphrey....**** #1044 Chinese Estaine
Cotton Mills 853 Ewo. (8.) -- consumer $240 B'hai Cotions (B.)
TAKE
Zoong Sings (8.) ... Wing On Textiles (8.),,
Public Utilities
817.40 Tramwayants,
Star Furrion
$4.15
$361
$100
94.40
67:90
ક
$50
$16.90
88
Peak Trame ... (old) ... Pak Trung (now)
$8
$63
$63
$22.85
mail Farrie
Do. (new)
+
$22.86
*****
$71
$43
$7 Chins Lights (0)
$4.90 China
Lights (New)
China Lif
Lights Ris.
B.K. Electric... TAM
$21.10 Macao Bisoucion.....
811) Sandakan Lágkin
(Telephones · (old)
10.90 Telephones (new)
{Tractions*
(Tractions (pest.)
Industrials
814,00 Cald., Haeg. (Ord.) 8.
$12
Cald., Macg (Fred) B.
$1 Canton 100...
Cementa
$17
#5.55 Bop.....................
Miscellaneous ·
821 Dairy Ferm....
Dairy Farm
Constructions
48% Ch.6% 19%€ #Bds.
THOSE WHO KNOW, SAY
IT'S THE SCOTCH.
Irate Journalist Tells The World-Why?
"HEAD AND SHOULDERS ABOVE THE REST OF BRITAIN'S LITERARY CRUSADERS STANDS HANNEN SWAFFER OF THE DAILY HERALD. A headliner in and around Fleet Street for 40 years, he has a tall, commanding figure with a vigorous mane of white hair, is seldom seen without a cigarette, always wears a stiff white collar and dark blue, broad-brimmed hat.
"Swaff" is a "character," newspaper cutting, manuscript or which means he is a man of memorar:dum, and nothing in strong convictions, with the the way of "literature for the pluck to put them into print blind.TM He believes in Socialism, spir- ituallam and reporters. Though born in Sussex 68 years ago, he comes of Kentish stock, and is never tired of anneqncing: "Hell, I'm an Englishman "
Two Engushi people in front or him were dispossessed of their Anglo-French dictionary.
ALL CUT OUT When he arrived in Paris. the Daladici Government was tumbl- ing. But France's censorship
Recently, as the Allied Supreme would not allow British cor- War Council in London issued a respondents even to hint at the "solemn declaration of Anglo- news It was all cut out. Prench unity. Mr. Swaffer's rich! "Th. London, yesterday," wrote! English blood was boiling. In a Swaffer on his return, T naked series of sizzling revelations in three men, more or less expert on the Herald, following a trip to foreign affairs." If they had any Paris, he showed just how much Idea last wees that Daladier misunderstanding had been al- might fall
lowed to develop between the Allied people.
"'No replied all of them "I thought he was the war- "Censorship was need during winning Fremier,' said one. "Then the Daladier administration," he suddenly' I read the Chamber wrote, 'not only for the safety of had kicked him out.","
$7.30
the nation, but for the safety of Crying "Cut the red tape, we the $1.85
Government.....It was so shall perish of ignorance," Swaffer strong that ..even Daladier's declared:.. "I understood that speech in defence of the failure Britain and France were one, an of his Finnish policy was heavily economie -unit. I had been told cut by the censor before it ap-that we had pooled not only, our peared. Although made in a manpower, but our full resources crowded Chamber, It could not be of money and of manufacture. printed in the French papers!" "Yet before I left London, I was On his way out to Le Bourget, officially informed that I could Swaffer was told at Heston airport not take with me more than £10 that he could not take to France-unless I had special permission. any book or newspaper (though | Now, if I am an economic unit, they were allowed, with a wink).] how can my taking £11 138. 2fd.
map or photograph,
Continued on Page 11
127. $10.20
19/0
$20
400 $4,70
*62
8,00
$7.20
Ch. E'tinmecta
$17
fold
D
6.40
$1
Construction
$8)
Lane Crawforde
$81
471
Nanyang Tobacco ...
83+
$2.60 Bincer
$2.35
$9.15 Wal
"$8 60
$102
B.E. Gort. 1% Low
$8+/ 8.55
48% 10%.
*$97
,K. Gori. 31% Low
$39
B.X. Wing On
$10
TH
'bal Wing On
$14
$8
Vibro Piling ..........
881
12/0
811
NO
LONDON METALS
EXCHANGE
London. May 16 (Reuter).
TIN
buyers sellers
£
3
is highly advocated by Chinese Standard, Cash 285-1/4 285-3/4 experts of agricultural economy Standard,
for the development of agriculture
in war time. Recently two sets of
visions Relative
to
Agricultural
The market closed with sellers regulations entitled "General Pro- at 1/2.15/16 for near and For ward, buyers at 1/2.31/32 for near and probably forward.
U.S. DOLLARS
Credits" and "Provisional Measures for the Extension of Agricultural Credits" drafted by the Joint Head
Some "business was done at 20. Office of the four government 9/18 for Cash. The market closed banks have been approved by the with sellers at 20.7/16 May, buyExecutive Yuan
J
era probably at 20.9/16 for Cash. According to the project of the
"SHANGHAI DOLLARS
Joint Read Office, long-term, Business was done at 370., At the middle-term and short-term loans close there were sellers at 369, will be extended to the buyers at 371,
farmers in various provinces in accordance with their needs
SHANGHAI MARKET Steady, Sterling at 4.1/6 sellers for Spot and U.S. Dollars at 5.17/ 32 sellers for. Spot. Firm.
Shanghai Exchange
W
Shanghal, May 17 (Reuter).
Official TT, Rates
London
New York
Japan
Paris
Horigkong
BROKERS' LOANS
New York, May 10 (Reuter). Loan on securities to brokers in New York
Week-ended
3. months 283
A
263-1/2.
DETERMINATION
OF CHINA
LONDON, April 25 (By Air Mall) Dr. Que "Tai-chi, the Chinese Ambassador, lecturing today for the British As- sociation for International Understanding on China after nearly three years of war, referred to yesterday's state... ment regarding the possible Involvement of the Ualted States in the Far East.
SECURITY THREATENED '
"Americans," he said, "feel their security threatened
when
something occurs. far cast in the
Week-ended
Week-ended Pacific; bit are not afraid of their New May 11 (1939) May 9, May 16 security on the Atlantic side so $517,000,000 $477,000,000 $458,000,000 long as the British Navy reigns
Opening
0/3-1/2.
4.11/18
.20
2.5
SILVER MARKET
21-3/8
Sellers
LONDON SILVEE
Spot
May
Opening Closing 0/4-1/32 0/4-1/32 0/3-29/32 0/3-29/32
June
0/3-3/4-
0/3-3/4
U.S. DollarS
Spot
$5-15/32
May...... 5-5/18
June
6-1/16
35-15/32 5-5/16 5-1/15
Market: Slightly easy.
Silver Duty Rate
The Central Bank of China's rate on London at 10 am, today was 1/2-1/2d.
The Equalization rate was 24-1/2 per cent.
India Rupee Paper
Bombay, May 18 Reuter). Government 34% Rupee, 91-08-0 nominal,
Matemans Eriv." (Lon.)
4/0. Marsmans Yat. (B.K.) $1,30 Wm. Poll
Shanghal
SHOE CO.LTD.
HONGKONG “SUPPLIES Ati
KINDS OF FOOTWEAR
BUTTERICK
Expert Ladies' Tailor
נו
Style Ready Made Dresses.
FOR SALE.
supreme." It was all a matter of 16, Wyndham Street. Tel. 23615. enlightened self-interest..
The amount of help given to China, he said, was far too London, May 18 (Reuter). inadequate in view of the Silver. Small general demand, magnitude of China's task. "As offerings restricted. Business We are still holding the fort for limited.
Market quiet. In the democracy the Chinese expect far afternoon, the market was dull, more, help from the democratic with small seller's at the rate but countries." He ̈declared, that buyers were holding off.
Japan got nearly 90 per cent of Spot, 23-1/2d.
her scrap metal and 60 per cent Forward, 23-5/16d.
of her aviation all from the United Statear ...
LONDON GOLD
London, May 18 (Reuter). Bar. Gold, Fine per oz., 188.
&
Calcutta Exchange":
Calcutta, May 18 (Reuter). TT. on Japan, 98.
It
WAR MATERIALS
INSURANCES
The National Mutual Life Association ́of Australasis offers you the best conditions for a fund for old age, and your family in case of your death. Annuities and educational: policia e also issued, Insure now. "Office :-6, Des Voeux El Central (5th Hoor Boom No. 68), Bank of Canton. Build- ing, Hongkong
Beeldent Secretary, Tul; No. 27475.
H. R. WELLS.
termined to resist the invader to the democracies, particu- the end, and is confident that in larly the United States, would the end right will "triumph over stop the supply of war misterials might."
"to
to Japan the war could soon be In answer to a question, Dr. Quo brought
a conclusion said China had received greater satisfactory not only to China but material help from Soviet Russle to other democratic Powers, than from all the other friendly "But whatever the democracies Powers put together, and no wilt or will not do China is de- political conditions are attached.
2.
*
.
Hongkong Daily Press CLASSIFIED ADVERTISEMENTS
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Just
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Fresh supply of the best varieties of
Reliable and Tested
Mower and Vegetable
Seeds
from
Sutton & Sons Ltd. Reading, how chtainable at
GRACA & CO. Dealers in Garden Beeds, Postage Stamps, &c. &c.
No. 10, Wyndham Street. Established 1898.
Bang King.
YOU CAN NOW BAT:--
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 AERIÁL, NO GROUND,
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MUSIC BY THE
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ENGRAVERS
FEI FEI & Co. Photo Engravers
18; Cochrane Street, Telephone No. 27224.