HONGKONG- DAILY PRESS
Finance and Commerce
Supply Of Articles In Common Use "Restricted
..
FOOD IS NOT...
INCLUDED
NEW WAR DAMAGE ARRANGEMENTS ANNOUNCED LONDON, June 7 Reuter)-
the House of Commans 'yesterday, the Chancellor of the Exchequer, Sir Kingsley Wood, announced new war damage arrangements designed to give immediate help to those whose incomes were be- low certain limits and cannot readily replace damaged furniture. The amounts will vary according to Individual needs. Funiture
LONDON, June 7 (Reuter) The advances will be made where the Government's decision to restrict total income of a household does the supply of a long list of articles not exceed £400 and the maxi- applies to many things in common mum advance will be £30 or the amount of the damage, whichever Food is not included but the de-a less. cision embraces stockings.; costume. The maximum clothing advances mat-will be from £10 to £30 according underwear. furs corsets,
use,
household.
STERLING SOARS
tresses, cushions, carpets, furni-to the number of dependants in ture, cutlery, cosmetica, umbrellas, sporting equipment, jewellery, pens, culinary, pots, pans, glass- ware, refrigerators, electric irons and many other things most of which can be done away without hardship.
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JUNE, 7, 1940.
On London:-
Telegraphic Transfer. 1/2 7/6 Bank' Bills, en demand 1/3 7/8 Credits 4 months' sight 1/3 3/1 On Shanghai Dam
On demand On Singapore:--
On demand On Japan:-
On demand Un India:-
360
52 3/1
90
Transfer.
182 1/2
Telegraphic and demand On New York:-
Bank Bills, on demand gr Credits, 60 days'' sight:23 5/6 On Batavia:—
"NEW YORK, June 7 (Reuter)
on the heaviest Sterling scared short covering due to reports that Britain was planning to abolish on Bangkok:- year's basis, goods now controlled the free market. If all the sterling
It is estimated
that
1!
01
Jast
amount to about £250,000,000.
is required the offelal rate will; shortly obviously be confronted Goods for export trade will not with a severe loss. Forward be Interfered with 'and raw sterling business was almost com-. material will be made available pletely suspended. The franc fol- for that purpose.
lowed sterling while others were
The order bringing wool, cotton, lifeless. rayon and linen goods was issued
On demand
..... 41 1/4
On Paris:-
Bank Bills, on demand 1090". Credits 4 months' sight 1150
On Saigon:-
On demand
1834
Op Manila
On demand
44
On demand'
149 1/2
On Sterling Notes:-
Bank Buying Rate Bar Silver per oz.
14
23 3/8
Market Report
FROM ROZA, BROS. Silver prices rose yesterday to
quotations
In April and affected" goods valued LONDON, June 6 (Reuter) The the extent of 5/8 for Ready and at £100,000,000, and control will Home Secretary has made an 7/16 for Forward, the be made and exercised through order prohibiting enemy allens to being 23.3/8 and 22.3/16 respec-
wholesalersi possess
wireless Lay
apparatus tively. Silver advices reported the both of whom are required to re-whether for transmitting or re-market as being steady with a
ceiving. gister before June 20.
manufacture
L
and
HONGKONG
STOCK EXCHANGY
Вамета
Belletr Halon Neoden)
SHARE QUOTATIONS
SHAREBROEKIES' ASSOCIATION
FRIDAY 7.
JUNE.
Buyer Sollers Salamis]
small business done. Indian Bears covered to a small extent. Ameri- can Silver was quoted at 34.3/4. for Spot,
The London-New York cross-rate was quoted at 402.1/2. New York- London was quoted at 368.1/4.
MARKET Quiet for Sterling for U.S. Dollars,
but erratic
STERLING There were sellers at 1/2.31/92 June/July, buyers at 1/3 for any
Banks
$1310
$1330
H.K. Banks
$1335
ета
Do. (Col.
g.)
581
Do. (Lon. Bag.) ...
£78
£81
£A}
Chartered Banka ....
delivery.
P309 Marosutile Bka. "A"
£8i
P12
Mercantifs Rka. "02
£30
$73
Bank of East Asia ...
£121
$74
50 ct
$450
2455
IM
66 cta
::
316
TH***
: ݂
1
$80
60/0
Shell
393
B2+
818
H.K. Docks
(Old)...
$17
: : : : : 1998
U. S. DOLLARS Opened nominal at 22 but later business was done at.. 21.3/4 for Cash and June. The market closed at 21.3/4 at 1 pm, with sellers $218, June and 21.11/16 July," buyers at 21.7/8 for Cash and probably $170 21.3/4 July.
SHANGHAI DOLLARS
$120
$100
$100
53/0
Opened with sellers at 380 with business done subsequently high as 385. At 1 p.m. there were buyers at 380, sellers at 378.
1.5
$6.99
$16.65
$16
$28
17/6
$9.00
$455
***
N. C. & B. Banka ...
··Insurances
#218 Canton Insurance
Union InstaNOWS |26 cta. Underwriters' $160 H.E. Firse
Shipping
$120 Donglares 811 Steamboats $100 Indo-Chins
Indo-Chines (Del.)...
$8.90 Waterbonia
Docks. Wharves,
Godowns, etc.
H.K.K. Wharvos 296
Providents
Provideais (Dew) ***
H.K. Docks (New)...
do Rts.
826 Shanghai Docks 1. ...
17/43 Kailans
$0.55 Hamb
Mining
Yauszusla Gold Fide
6 cts, Hong Kong Mom
Lands. Hotels and Bulidings
$4.35 F.K. Hotels
HA
$3.90
$32
$100
&
832 H.K: Lands.......... $10 Do. 4% Debentures
$a Fo Shanghai Lands
$4.20 H.K. Bositio
8%
Humphrey
$104 Chinens Estate
$36
Cotton Mill,
Ewo (8.)
8210 8'bal Cotton (5)
Zoong Sing (8.) Wing On Tartilon (8.)
Public Utilities
¡Tramways
XD. 87.40 Peak Trama, (old) X.D. $3.70 Pack Traps (new) ...
360 Star Ferrim
$29.85 Y'mati Farrios
Do (2)
China Lights (New)
14China Lights Rte.
$18
$8
34
360
$22
88.70-
London
$6.85 China Lights (0)
34
New York
Japan
$581 H.K. Electric... $58 821.10 Macro Electrics
SG8.40
$23 Telephone (all). ............ 810.20 Telephone (DEN)....
$24
$10
Tractions
Teactions (prof.)
Industrials
$14,90 Cald, Mang. (Ord.) B.
$12 Cald. Macg. (Pref.) 8.
23/0
Spot
#
FINANCE
"IT WILL BE DRENCHED WITH BLOOD"
Whichever Way Nazis Take
LONDON, June 7 (Reuter)~The New York paper Charlotte Observer writes, "a government and people which can do that what Great Britain has just accomplished in 'extricating a large proportion of the trapped army in Flanders and transporting it across the English Channel, in spite of deadly and unrelenting fire from German attackers, must establish itself in the fair mind of the world as being unconquerable, are never conquered."
The Goteborg Gothandel says. "German reports always know as much about the enemy's losses and so little about their own, They denied all the losses in the Kattegat. Their losses on the Western Front must mean losses
Nations like this
ANGLO-RUMANIA PAYMENTS
Discussions have been proceed- ing for some time in London with a Rumanian delegation, headed by of a sector only, not total losses. M. Iordan. Secretary-General of or were the Norwegian losses given the Rumanian Ministry of Finance, erroneously. The Germans $87
with a view to establishment of they destroyed 300 planes in Paris. Anglo-Rumanian payments which An attacking fly quickly takes will meet the present requirements time to reckon 300 especially if of trade between the two countries. they have to be destroyed before-
These discussions have now been hand. The Germans say nothing concluded and
ELI agreement, about ci illans killed in Germany which satisfactorily covers all by Allied air attacks clearly-in-points, was signed on Thursday dicating that military objectives afternoon by Lord Halifax, on be- were bulls-eyed.
half of HM. Government, and by! "Dunkirk must have been A the Rumanian Minister, M. Tiles, source of German disappointment and M. Iordan, on behalf of the and anger as a very small force Royal repulsed very much stronger forces The Rumanian delegation return- as long as they found necessary, ed to Rumania yesterday, says
British Wireless. "According to the Germans, ways now lle open to England and France. Whichever way they take it's going to be drenched withi|_ blood."
H.K. STOCK EXCHANGE
Rumanian
SATURDAY, JUNE 8. 1940. ---PAGE
Say "BLACK.
& WHITE" and be sure!
NO TWO WAYS ABOUT IT, IT'S THE SCOTCH.
Government LAMMERTS' AUCTIONS LAMMERTS' AUCTIONS
TIENTSIN SILVER PUBLIC AUCTION.
ISSUE
TOKO, June 7 (Reuter)---At an
ני
1 A
PUBLIC AUCTION.
interview between the British Am-undered have received THE Undersigned. have received
bassador, Sir Robert Craigie, and Mr. Tani Japanese Vice-Minister for Foreign Affairs a final Anglo- | Japanese understanding was ab-
parently clinched on a settlement) This week has been much on alon the long-standing Tientsin par with its predecessor. dull, silver issue. the Asahi Shimbun There remains an' absence of prés-reports. The paper adds that al sure to liquidate and any easiness formal exchange of memoranda in in price levels can properly be as- that connexion between Britain and Japan and France and Japan cribed to lack of interest.
will take place shortly.
BUSINESS DONE DURING THE WEEK
H.K Banks, $1320, $1330. Bank of East Asia, $73. Union Ins. $455 Providents, $34. Lands. $32.
Trams. $161, $16.10. China Lights (0), $6.85. Electrics, $59. $58)
i
Telephones (O), $243, 524 $234, Cements, $151.
Dairy Farms. $20.
BUYERS
HK. Banks, $1325. Providents. $31.
Trams. $18. Electrics. $58).
9
TIENTSIN BLOCKADE Confirming the Asahi Shimbun report of an Anglo-Franco-Japan- ese agreement on the Tientsin silver issue, as broadly correct, the Foreign. Office spokesman stated the opinion that the Tien- tsin blockade "will be lifted as a natural result of the agreement."
HONGKONG
·SHAREBROKERS
ASSOCIATION
Volume Of Business Trananeted Friday, June 7, 1940.
Dairy Farms HK, Docks (N)
27 $20,00 400 16.25
12 15.75
50
18.00
200
16.25
SALES
H.K. Tramways Ropes
150 100
500
1.439
The total value is $17,338:50.
HE
instructions
Н
to sell by
PUBLIC AUCTION
on
Saturday, the 8th June, 1940 commencing at 10.30 a.m.
at No. 67, Kimberley Road, Kow- loen. 1st. Floor.
A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE
On View from Friday, the 7th June, 1940.
Terms: Cash on Delivery.
LAMMERT BROS.,
AUCTIONEERS.
SINO-BELGIAN BANK
16.25- The Belgian Embassy states that 16.20 Chinese reports that the Sino- 4.00 Belgian Bank has suspended busi- ness in Tientsin are false, The bank is operating normally, says Reuter.
instructions
to sell by
PUBLIC AUCTION
Tuesday, the 11th June, 1940
commencing at 10.30 am.
#
at their Sales Room, No. 2 Con- naught Road, Central, 2nd Floor,
5 Cases Pickled Green Olives
2 Cases White Shirting
1 Case Enamelled Tea Trayi
1 Case Paper Carton
1 Case Cork Sheets
1 Bag Sweeping of Cotton Yarn
1 Tiri Vegetable Margarine
also
A FEW PIECES OF HOUSEHOLD" AND OFFICE “ FURNITURE
and
A QUANTITY OF CLOTHING
Terms: Cash on Delivery.
LAMMERT BROS..
AUCTIONDERA
~
$4.20
$7,76
·SHANGHAI MARKET
Sterling opened easy with sellers
at 3.27/32 but closed steady at Dollars 3.15/16
US. for Spot. open nominal at, 6 and closed at 5:11/10 for Spot.
AFTERNOON MARKET
The market was quiet in the Afternoon.
STERLING
The market closed with sellers
at 1/2.31/32 June/July, buyers at 1/3 for any delivery.
U.S. DOLLARS
Business was done this after noon at 21.3/4 for Cash, The mar- ket closed with sellers at 21.11/
16. buyers at 21.13716 for Cash.
379.
$38
SHANGHAI "DOLLARS
·SHANGHAI MARKET
The Sterling rate closed with
$210 sellers at 3.7/8. and US. "Dollars
at 5.9/18.
$120
Shanghai Exchange
Shanghai, June 7 (Reater).
Official T.T. Rates
Opening
0/3-3/4 4-15/16
India Paris Hongkong
Union Ins., $452). Docks (0), $18. Trams. $16.20,
Electrics, $58.40.
SHOE CO.LTD.
HONGKONG SUPPLIES ALL
KINDS OF FOOTWEAR
INSURANCES
The National Mutual Life Association of Australasia offers you the bast. conditions for fund for old age, and your family in case of your death. Annuities and educational policies are -also-issued Insore now Offles 6. Des Voeux Ed. Central (5th floor Rooin No. 66), Bank of Canton Build- ing, Hongkong.
Besident Secretary,
20-7/8
20-3/4
2.75
Tel. No. 27478.
25
Sterling
Sellers
Opening Closing
0/3-27/320/3-29/32
June ..... 0/3-27/32 0/3-29/32
0/3-23/32 0/3-25/32
$5-5/8. 5-5/8- 5-7/18 5-13/32
July
U.S. Dollars
$15.20
$4.75
Spot June July
$5-5/8.
..5-5/8
$101
$7
(014)
$1.85
Market:-Steady.
Silver Duty Rate
F. R. WELLS.
LONDON STOCK
EXCHANGE
LONDON, June 1 (Reut
Hongkong Daily Press
CLASSIFIED ADVERTISEMENTS
TO LET
Large furnished or unfurnished YOU CAN NOW EAT:-
店品食姒
FUNG YUEN
HOTELS
AERATED WATERS, SWEETS & PROVISION
OBTAINABLE AT
126, WANCHAI ROAD
Opposite Cathay. Theatre.
COOKED IN THE
roch near Bus station, Waterloo RUSSIAN FOOD RUSSIAN WAY
Road, with Laundry and with or without Breakfast.
For particulars please apply to Box No. 334, c/o EX. Dally Press. Ltd. or phone No. 30251.
"TO LET
Fully Furnished Room Laundry included-Healthy Locality, North Point Breakfast Optional — $40.
On the Stock Exchange prices in Telephone 30251 or write Box No.
mast groups drifted lower. bet gilt-edged securities showed signs of, increasing" firmness towards the close of trading.
::
The undertone of the market remained steady and losses were
315 c/o Hong Kong Daily Press.
Just Received
+
Fresh supply of the best, varieties of
The Central Bank of China's only small being due solely to Reliable and Tested
rate on London at 10 am. today the absence of the buying in- $91 was 1/2-1/24.
The Equalisation rate was 24 8.40 per cent.
43°
103 India Rupee Paper
Watsons
$103 H.K. Gort. 4%. Lowas
197
H.K. Govt. B}% Loun
9012.
$39 K.K. Wing O
$39
M'hal Wing On ...
$14
Bombay, June 6 (Reuter). Govt, 31% Rupee, 89-12-0,
18
Vibro Filing
$81
10/0
Harumana Inv. (Lon.).
4/0 Marma Ine. (H.K.)
Calcutta Exchange
Calcutta, June 6 (Reuter). T.T. on Japan: 100.
terest.
Wall Street was stendy.
LONDON, June 8 (Reuter)~~~The Chancellor of the Exchequer sald today that all firms producing munitions will not be held up by lack of money to pay for wages and materials. Special arrange- ments have been made, .concern- ing this. All work will be paid for while it is in progress.
Flower and Vegetable
Seeds
from
Sutton & Sons Ltd. Reading
now cbtainable at
GRACA & CO. Dealers in Garden Seeds, Postage Stamps, &c., &c.
No 10. Wyndham Street,
Brig Kong. Established 1896.
TABLE D'HOTE 31.00. 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
54 Des Voeux Road C.
AUCTIONEERS
GREATEST COLLECTION OF BARGAINS IN TOWN! al
LAMMERT'S AUCTION ROOM Lammert, Brothers- 2. Qonunugòti Road Ceutral. Telephone No. 20224.
EAT AT
Jimmy's
HONG
TEA DANCE
DAILY"
5 TO 7.30 F.M. MUSIC BY THE METROPOLE SWING BAND
Telephone 24311.
ENGRAVERS
FEI FEI & CO. Photo Engravers
18, Cochrane Street, Telephone No. 22224,
BUTTERICK
Expert Ladies' Tallor: " New Style Ready Made Dresses FOR SALE.
16, Wyndham Street.
Tel 23615.
Canton Tow
$101 Com
'85)
Ropes
Miscellaneous
$20
Dairy Farm....
ŠT
$12
言
ConstructionE
381
Dairy Form
Ch. K'tainmode.....
Constructions
Lane Crawforda
Nanyang TobacDO ....
$2.40
$2.60 Binomasiumi | $2,20
43. Ch. 0.5%, 1995G #860.
$1 Wm. Powalla on
Bales
Shanghai