HONGKONG DAILY PRESS
."
Finance and Commerce
H.K. STOCK
EXCHANGE
The week opened on an optimis-
tle note and buyers became more in
HONGKONG.
SHAREBROKERS
ASSOCIATION
Valame of Business Transstied
on Friday, July 19, 1940.
evidence than had previously been H.K. Electrics (0) the case for some while. Quota HK, Electrics (N) tions for the more popular stocks
MONEY AND EXCHANGE
CLOSING QUOTATIONS JULY 19, 1940
100 $36.50 On London:- 200 35.50
Telegraphic Transfer. 1/2 1/8 Bank Bills, en demand 1/2 1/8 Credits 4 months' aight 1/31/9 On Shanghai:.........
25
35.25
V
200
15.10
525
On demand
The total value is $14,851.25.
On Singapore:---
On demand
On Japan:-
On demand
On India:-
have improved, though only to a HK, Tramways small degree. Many of them still leave room for further apprecia- tion, and even then would, on pro- spective earnings, afford a lucra- tive return on sound Investment lines. At the close, demand for one or two issues appears satisfied, but in the main the enquiry persists, Considering Far Eastern politics are in a state of aux coupled "with the suspicion that the new Japan- ese Cabinet may be imbued with jingoistic tendencies, the buoyance of the market is really remarkable, In any case the deals recorded dur- ing the week make it evident many Chinese must be viewing the future with equanimity.
BUSINESS DONE DURING
THE WEEK.
H.K. Banks." $1150, $1160. 31175.
$1180.
Union Ins., $321, $320. $340.
Docks (O). $14, 814). $132. $14.83. Docks (N), $143, $14j. Providenta, $3)
Hotels. 53.20 $3.40. $34, 331
$31.
Lands, $291. $31.5"
Trams, $14.30, $141, $15.
China Lights (0), 56.10, $5.40; $63,
$6.90.
China Lights (N), $3.65.-
Electries (O), $331, $38. Meetries, (N), $331, $341. Telephones (0), $201. Telephones (N), $84. Cements, $131. $141. Dairy Farms, $181. Watsons, $1, $72, $81, Gort: 31% Loan, 85.-
BUYERS
Docks (N), $54.75, Providents, $3,65 Hotels, $3.65. Lands $31.
Electrics (0), $38.50, Telephones (0), $20.50... Watsons, $8.10.
SELLERS
HK. Banks, $1200.
China Lights (0), $6.85.
SALES
Döcks (0), $15.50, China Lights (O), $64/6,70. Electrics (N), $35,25. Cements, $14.35
HK" Govt. 31% Loan, 95.
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE,
SHAREBROKERS' ASSOCIATION
Huy
Avilers
Ha
Nominal
FRIDAY 19.
Bayer
Bellera Rules Nominal
$1180
$330
::
#A
JULY.
Banks
1K, Banica
Do. (Col Reg.)
***
*
Telegraphic
****** 365
FINANCE & GENERAL
WEEKLY RETURNS AND REPORTS
BANK OF ENGLAND
LONDON, July 18 (Reuter),
Public Deposits
Other Deposits:---
Bankers
Other Accounta Total
July 11
July 18
£
器
33,100
56,040
107,000
47,780
51,230
154,780
130,400
Government Securities
146,650
165,870
Other Securities:-
Discounts & Advances Securities
3.370
3,030
23,146
29,040
Total
27.010
Notes and Coins
28,070
21,230
23,450
1,610
1,980
610.380.
11.09%
608,020 12.04% 108/-
Total Bullion
Notes in circulation
Ratio of Reserve to Liabilities
Price of Gold at which holdings are valued.... 108/
FEDERAL RESERVE SYSTEM
NEW YORK, July 18 (Reuter).
12 3/4
+
..........98 1/2
Bills Bought...
Transfer.
82 1/2
and demand.......
On New York:-
Bank Bills, on demand 23 1/4 Credits, 80 days' sight 24 12 Ön Batavia:
On demand .......... 43 1/2
On Paris:-
Bank Bills, on demand 1085 Credits 4 months' sight 1180
On Saigon:-
On demand
On Manila:-
On demand
On Bangkok-
108
46 1/2
On demand
1499 1/2
On Sterling Notes:-
L
Bank Buying Rate.
...1/5
Bar Silver per oz. .....
22 1/2
O.S. Securities held
Federal Reserve Ratio
Federal Reserve Credit Outstanding. Monetary Gold Stock .. Industrial Advance.
COMBAT POTATO
BACTERIAL WILT
SATURDAY, JULY 20, 1940. ---PAGE 9
79,140
BLACK WHITE
SCOTCH WHISKY
July 13 (1939) July 11 July 18
(000% omitted?
1,000
7,535,000 2,450,000 2,450,000
85.71% 69.07% 89.07% 2,369,000 2,491,000 2,501,000 16,174,000, 20,168.000 20,256,000 14.206,000 0,153,000 .9.118,000
#
NO TREASURY PLANS
NEW YORK, July 10 (Reuter).
THE
"STANDARD"
OF QUALITY EVERYWHERE
NO TWO WAYS ABOUT IT,
IT'S THE SCOTCH.
FARM PRODUCTION
GROSS VALUE
MARKET REPORT Pathology, Science Service, Domi- regarding French assets in parti-mate for 1938.
FROM ROZA, BROS.
esti
of
C. I. C. MEETING IN CHUNGKING
CHUNG KING, July 18 (Central) -The second meeting
the
Chinese Industrial Co-operatives was adjourned on Monday after A five-day session.
י.
Seventy representatives from in-
The appearance and spread of -Mr. Renry Morgenthau, Secre- the destructive disease, bacterial tary of the Treasury, announced ring rot of potatoes (bacterial wilt that the Treasury had made no. and rot), in Canada has caused plans for releasing the funds. grave concern, states the latest! "frozen" here of the countries report of the Canadian Horticul- now controlled by foreign Powers, The gross value of commodities tural Council Committee on horti. according to 3 message to the produced on' Canadian farms in cultural research.
1939 19 estimated preliminarily Dow-Jones agency. The Research Officers of the
The agency says that Mr. Mor- at $1,170,943,000 as compared with Division of Hotany and
Plant genthau added that the situation $1,062,645,000, the revised
nion Department of Agriculture, çular was awaiting a decision by
This represents an increase In co-operation with the Inspec- the United States Government. on $108,208,000, or 10.2 per cent. and dustrial co-operatives in Szech- Silver prices rose yesterday to tion staff for seed potato certint-broad general policies and deter is accounted for largely by in-wan,
Shena), Kapsy, the extent of 5/16 for Ready and cation of the Plant Protection mination of the status of the
in value estimated at Hunan. Klangsi Kwangtung, 1/8 for Forward, the quotations Division. Production Service, the Petain Government.
Mr. Morgenthau is said to have 15.3 per cent. for field crops and Kwangsi, Honan and Hupeh at being 22.1/2 and 21.15/16 respec- report says, are" doing everything. tively. Silver advices reported Dossible to prevent the dissemina discussed a long-term policy with 248 per cent. for farm animals. tended the meeting Eghty im
Small increases are also shown portant resolutions were adopted. some bear covering. The market on of the disease and to eradicate Sir Frederick Phillips, an Under-in the value of poultry products,
Dr HH. Kung, Vice-President was steady but» quiet. American it from the areas in which it has Secretary of the British Treasury.nax, and wool
of the Executive Yuan, who is These increase are in part offset concurrently Chairman of the The Wall Street Journal," re- by decreases shown in the value Board of the Directors of the porting on these discussions, says: UI dairy products, fruits and C.LC, was present at both the Quebec in 1931. Since then, it was "Continuation of the frozen ac- vegetables, tobacco, fur farming, opening and closing ceremonies. found. in New Brunswick and courts will constitute a de facto maple products, honey, clover. Alberta In 1937, "in Prince Edward refusal to recognise conquests."
Silver was quoted at. 343/4 for Spot.
The London/New York: Cross- rate was quoted at..402.1/2. New York/London was quoted at 381.
MARKET
81180
£88 £6t
Quiet.
CHF 873
1180
£68
f68
To, thon. Rec.) ....
£et
Chartered Banks......
1984 Mercantile Bas.
$73
A.
Mercantile Bk. "C" ank of East Asia... N. C., & S. Danks...... Insurances
$218
£335
$350
3340.
50 cbs
8180
:
218 Canton Insurance.......
Union Insurances.......
50 eta Underwriters
$180
HS. Fires......
$80
::
60 ct.
$120
3100
STERLING
No business was reported. There were sellers at 1/2.31/32 July. probably August, buyers at 1/3 for Cash.
U. S. DOLLARS
occurred.
"
FIRST OBSERVED. The disease was first observed in
Island. Ontario, Manitoba, and
Saskatchewan in 1938, and in Nova
Scotia in 1939,
who recently arrived in Washing- ton:
Commending in 1938, certifica. The Szechwan
25
provincial au-
creases
The
Yunnan,
Dr. Sun Fo.. President of the and grass sced. Increases were Legislative Yuan, gave a talk on recorded in all provinces except "The Current International Situs- Alberta and Nova Scotia.
tion" on July 12, Mr. Ku Cheng- most significant change kang. Director of the Kuomintang
was Industrial Co-operatives and Na- (47,6tional Economy," on the same ést day, and General Feng Yu-hsiang, Vice-Chairman of the National | Military Council, on “China's” Re-
sistance and Industrial Co-opera-"
tion has been refused potato fields (thorities have ordered a reduction as again in Saskatchewan where Social Affairs Beard on "Chinese showing even a trace of infection, or food prices in
the value of all products Chengtu and but the number of fields turned Chungking by
$213,412,000, or $88.9 million per cent. #s the basis of per cent) higher than the No business was reported. There down on this account has decreas- from July 13, en were sellers at 23.5/8 August posed from year to year. In all pro- prices prevailing on July 9. This mate for 1938. sibly July, buyers at 23.3/4 for vinces, the affected crops have order is being enforced immedi
been disposed of alt r for mak-ately for the benefit of
refugees ing starch or for table use.
and poorer
classes of
Cash,
SHANGHAI DOLLARS
The highest rate reported this The market $100 morning was 383. 32/8 closed with sellers at 380.
$8,00
SHANGHAI MARKET Closed with sellers at 3.29/92 and U. S. Dollars at 6.3/16 for Spot,
Shipping
$120 Touglase
811
Steamboats
8:0
$150
Indo-Chinas (Pref.).
Indo-Chinas (Def.).....
32/6
Shells
86.00 | Waterboats le
Dacks, Wharves.
303
11.K. & K. Wharvest. Providents.
803
-83.05
II.K. Docks „(Old)..............
8:01
$14
8271
Quet.
18/6
Godowns, etc.
H.K. Docks (New)..... $14
Shanghai Nook........
$16
#15h
814
827
Mining
15/6
Kailing
14)
$3.60
$31
331
815
::
83.75
$31
AFTERNOON MARKET
STERLING The market closed with sellers at 1/2.31/32 July/August, buyers at 1/3 for Cash,
U.S. DOLLARS
The market closed with sellers
at 23.5/8. buyers at 23.3/4 for
$100 Cash.
$3.60 $6.86
$36 $210
$16.10 15...
$67
320
$8.90 $6.90
831
29.55 Kaube
cte., Hong Kong Mines......
Lands, Hotels and Buildings
II.K. & S. Hotels........ I.K. Lands....
$100 DG. 4% Debentures..
#10.20 Shanghai Landa....
$36 H.K. Ronies...
$8
Humplireys
1101, Chainese Calator
834
Cotton Mills
Evo (S.)
8210hai Cottons (3.).... Zoong Sings (S.).......
Wing On Textiles (9.) $125
Public Utilities
H.K. Tramways.........................
$7.40 Pook Trains (old)......
$3.70 Peak Trams (new)..
Y'mati Ferries.....
China Lights (0).
$3.85 China Lights (New)...
$17
$16
3201
H. K. Electrics (Oldi...
11. K. Electrica New)...
Meco Electrics (Old) Macno Electrics (Now)
811Bandakan Lights. Telephones fold). Telephones (new).................... S'pore Tractions (Ord.)) Industrials
$14.30 Cald., Macg. `(Ord.) S. $12 Cald., Marg. (Prel.)S.
81
$141
#141
44%
Canton Ices......
Cementa
II.K. Ropas
HE. Gort. Loans
Ing 4% Loan
10
..(1934)
(1940)
Miscellaneous - ¦
180
Star Ferries
$29
$8.00
$36)
$38
$35
$7.80
#202
$81
SHANGHAI DOLLARS
Closed with sellers, at 382.1/2 for Spot.
SHANGHAI MARKET
The market closed with sellers
of Sterling at 3.29/32 for Spot and
D. 8. Dollars at 6.3/16 for Spot.
Shanghai Exchange
Shanghai, July 19. (Reuter)..
Ofela! T.T. Rates
London ...
Openlog
,0/3-3/4
5-7/8
24-1/4
20-3/4
24-7/8
Sterling
Sellers
The research work of this pro- | adds. · blem has revealed a number of im- portant facts relative to the bac terial organism responsible for the disease, its dissemination, and the sources of contamination.
ONTARIO INCREASE
For the other provinces, creases in value amounted
to
2.
in-tives" on July 14. people.
An exhibition of products of the Industrial co-operatives was held $24.3 million in Ontario: $7.4 million in Manitoba; $5.7 million July 8 and 9, in Quebec; $2.4 million New Brunswick; $1.2 milion Prince Edward Island: $0.6 million ($197,747,000); Alberta, $173,130,- EXCLUSIVE PLANTING
in British Columbia.
000 (173,520,000); Manitoba, $95,- Values for 1938 by provinces, in 052,000 ($87,632,000); British Col These have led to the issurance
order of magnitude, are (with umbla, $43,828,000 (343,231,000); of instructions for diagnosing the
On-New Brunswick, $32,076,000 ($29,- disease: for the diapot of in- By these means and by constant 1938 estimates in brackets):
crop: the disinfection of vigilance, and further research tario, fected
$365,614,000 ($341,308,000);|676,0001; Nova Scotia, $28.803 000 Prince Edward cellars, tools, and machines in work, it is hoped that this disease Saskatchewan, $213,412,000 ($144.- ($30,821,000);'
$203,429,000 i Island. $15,500,000 ($14,350,000), Quebec, order to prevent the contamina-may be completely eradicated.
SHOE CO.LTD.
HONGKONG SUPPLIES ALL
KINDS OF
FOOTWEAR
tion of the new, seed; the use of new bags, or the washing and sterilising of second-hand ones; and
the exclusive planting of certified seed.
559.000),
Hongkong Daily Press CLASSIFIED ADVERTISEMENTS
# R 1. I |ROYAL STUDIO]
Art Photographer Excellent Enlarging & Developing|
39, Queen's Rd. C.
Tels. 21184 & 33008.
$30
New York
Japan $354
Paris Hongkong
Spot July
.. 'Auge
Do ote
$14
Spot July
10931.
395
$95 31%
895 31%
Dairy Farms..
$17+
#18
$6.60 Entertainmentà
+
#17
Constructions (old).....
Contructions (now)...]
#7.40 Lane Crawfords..
$2.00 Sincorse
Opening Closing 0/3-29/32 0/3-57/64 0/3-29/32 0/3-57/64 0/3-57/04 0/3-7/8
U.S. Dollars
$8-3/18 $6-3/16 6-3/18 6-3/18 Aug.......
6-1/8 6-1/6 Market: Uncertain,
Silver Duty Rate
The Central Bank of China's $8.20 rate on London at 10 am... today $1.80
was 1/2-1/24.
#1
The Equalisation rate was per cent.
10
32.10
$8.15/7...
13%
$14
$39
India Rupee Paper
Bombay, July 18 (Router), Govt. 34% Rupee, 88-12-0.
Calcutta Exchange
Calcutts, July 18 (Heuter); T.T. on Japan, 86-3/8,
AUCTIONEERS
GREATEST COLLECTION OF BARGAINS IN TOWN! at
L'AIMEETS AUÜTION ROOM Lammert, Brothers. 2. Dat. at h
Road Certad. Telephone No. 20221
INSURANCES
The National Mutual Life Association of Australasia offers you the beak conditions for fand for old age, and your family in case of your death. Annuities and educational policies are also issued. Insure now. Obine Lund, Des Voeux Bd. Central (5th Book Boom No. 88), Bank of Carion Build- ing," Hongkong,
Besident Becretary, Tel. No. 478.
H. R. WELLS,
A week's successful "offer guid" campaign was wound up here yes- terday with the total reaching $30,909, One of the largest dona- tions came from a group of Chin-
Christians; amounting (ta.
$3,000.
BUTTERICK
Expert Ladies' Tailor'
New Style Ready Made Dresses FOR SALE.
16, Wyndham Street. Tel. 23615
FOR SALE
A selection of the best varieties of RELIABLE & TESTED FLOWER AND VEGETABLE SEEDS From" Mesars Buttons & Song, Reading, Messrs. Atlee Burpee & Co., Philadelphia Messrs. Arthur Yates & Co. Ltd., Bydney
The opportunity of serving you will be a pleasure and your commands will have our best attention.
GRACA & CO.
No. 10 Wyndham Street P. U. Boi 620 Honr par
HOTELS
RUSSIAN CUISINE
MORE POPULAR EVERY DAY^^„
METROPOLE HOTEL
1940 ZENITH
NEW MODELS Just arrived NO AERIAL, NO GROUND, Just' ping 'in' and play CHUEN YEE HONG
54 Des Voeux Road C.
Jimmy's
TRA DANCES Tuesday's
Thursdays
Saturdays Sundays
6 to 7.30 p.m.
Telephoac 24311.
ENGRAVERS?
FEI FEI & CO. Photo Engravers 18, Cochrane Street
Telephone, No...
Nanyang Tobacco....... $3.30
Watsons ....
43 Ch. G.5% 1925G$Bda. $39. 1.K
Wing
S'hai Wing On
8 Vibro Piling
8/8 Maryman Low, (Lon.)
4/0 Morsmans Iny." (H.K.)
81
Wm. Powells.
+Sale to Shanghai