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HONGKONG DAILY PRESS
NEW TORPEDO BOAT FOR
THE U.S. NAVY
THE CITY OF DETROIT, one of the bases upon which the United States will pyramid its defence programme" has made an initial contribution to the building of the nation's largest peacetime military force."
has been given A sleek, streamlined 59-foot torpedo beat tests by the Navy and will be added to the sea arm's "Mosquitó Fleet" the term applied by seamen to these small, speedy craft designed for lightning thrusts at an enemy's ships,
RESTRICTIONS
(Editor's Note: Germany has al- ready claimed some success with Fleet in action her "Mosquito against the huge ships of the
ON CANADIANS Allles. Italy is reported to have
a
FINANCE & GENERAL
$
Finance and Commerce
RICE ECONOMY HONGKONG SHARE QUOTATIONS
CONFERENCE
Large Dogs As Hobby Condemned
At, a conference held at the coun- cllroom of the Prefectural Office fleet of sizable proportions recently concerning the 20 per cent. while England began construction Conservation of rice, the question of the same type of vessel Jong of dogs and cats was taken up and they all agreed that the keeping of such pets should be restricted.
Following a report on the various activities in counestion with entor
A. Blow To Detroit: before the war broke out).
Thousands Of
Workers Affceted.
い
TEST SERVICE
The ship built in Detroit is one
or 29 similar craft of 59 to 81-foot cement of rice economy. Mr. The most densely populated U.length being built in Miami. Nagata, the vicepresident of the..
Orleans and Federation of Ward & Cho As- S. city bordering Canada, Detroit Philadelphia, New
a time It was construct-sociations stated that at frowns upon a State Department Bayonne, N. J ruling which requires that altered by the Fisher Boat Works in when human beings are aiming at July 1, Canadlaris visiting the Detroit and the firm has nearly 20 per cent, ccnservation by endur- United States for any purpose completed" a second. When coming various hardships, It is a mat must have a passport,
pleted; the entire fleet. It was reter for regret that precious food is Chief objector to the mandate ported. will go into test service at wasted on pets, Looked at from the
the Norfolk Navy Yard.
Ipoint of view of the amount of A manufacturer's test run on
food consumed by them through- the Detroit River brought expres-out the country annually, he said sions of great satisfaction from
that some restriction should be the four naval officers here to wit-
effected in accordance with the ness the run.
national policy. The move Was uranimously approved and the Yol
Is the Detroit Board of Trade which estimates that there is a turnover of 2,000,000 persons A year coming from "the Windsor areas across the Detroit River to ..shop in Detroit. The Board has
informally protested the ruling.
But industrialists are also study- Said Lieut. William E. Howard,lowing arrangements were made.
FINE JOB
repair of the ture of
STOCK EXCHANGE
SHAREBROKERS' ASSOCIATION
Rayver
3 Barz
Nopia | TUESDAY 30. | Burer.
Baliars
3alon enim!
JULY.
Banks
81220 C.D.
H.K. Bank
$1210
XD. £70
De. (Col. Reg.) ......
X.D.
£70
+
£63
Do. (Lon. Reg.)
£61
211
873
Chartered Banks......
998 Mercantile Fiks. "A"
Mercantile Eka, "C",
Bank of East Asia.....
N. C. & S. Banks....
Insurances
Canton Insurances. Union Insurances. Underwriters
$50
$215
$350,
130 cta
8160
£1
$73
50 ct.
#218
$350
50 ct.
$180 H.K. Fires,
Shipping
$120
Douglases
$120
$11
Steamboats
BIO
$100
Indo-Chinas (Prof.)...
$100
Indo Chinas (Def.}..
$100
33/9
30/0
Shells
26.00 Waterboats
$8.00
Docks, Wharves.
Godowns, etc.
590
H.K. & K. Wharves... 880
24
Providents
810:40
H.K. Docks (Old).....
#161
916
II.K. Docks (New).....
316
$28
+Shanghai, Dock.......
Mining
+
$31
1. Substitute foods and the mix- ing the State Department's rigid Jr., attached to the bureau of
other cereals with rice $39$ rendered to construction and measure which was
necessary for 20 per cent. conserva combat possible subversive activi-Navy: tles. For a great
"Fisher William P. Fisher, pretion should be maintained, 2. The many persons employed in Detroit factories and sident of the Fisher Boat Works keeping of dogs and cats should be business houses live in Windsor or has done a particularly fine job on restricted. 3. Additional, food and these boats. The workmanship is subsidiary foods should be obtamed sectors near Windsor.
excellent and he is to be greatly by using vacant lots. complimented."
As an example, one Detroit news paper estimated that 20 per cent. of its composing room personnel resided in Windsor or near that city.
INDUSTRY
Mr. Nagata declared that many
Howard's statement came after wealthy people in the city keep the Pt-3 (Patrol Torpedo) had
large dogs which have no particular streaked over a mile course at ap- use and are only kept as a hobby proximately 38 miles an hour. While navy officials and builders and a considerable quantity of rice
is wasted on them. From the view any- for of the boat refused to say Industry alone accounts
regarding its maximum points of rice conservation and thousands of persons who daily thing cross the huge Ambassador Bridge speed, It was understood that the from self-discipline, the raising of spanning the Detroit River or pass boat is expected to do around 40 such unnecessary pets should be
absolutely restricted, he added through the tunnel under the knots or 48 miles an hour.
Weighing 20 tons, the "boat is river.
powered by two 1200-horsepower But rellable estimate indicate
super-charger Packard engines. that during a peak day in certain seasons, between. 12,000 and 15.000 also built in Detroit. When armed persons might commute to Detroit at Norfolk, the low-flying cruiser
ป
W
will carry two afterdeck torpedo for a multitude of reasons:
tubes. two machine guns, depth work, to shop, 'to go to a movie or
charges and smoke-generating a ball game, to visit with friends or make a trip to one of Michi-equipment for the laying of smoke
gan's innumerable lake resorts.
screens.
Railway Transport Discussion
LONDON, July 30 (Reuter). A delegation of five trade repre- sentatives from Iran was due to arrive in Moscow last night to discuss the railway transport.
A Hungarian delegation is. ex- pected towards the end of the week,
500 GALLON TANK There is another angle--the thought that perhaps Canada One officer and a crew of seven might pass a retaliatory measure. will man the PT-3 which has At first reports, Canadian author!-ample space below 'deck for sleep- ties indicated they would not re-ing quarters, a galley, officer's
trade agreement, following pay in kind but there was report-room and radio room. The ship seven weeks of negotiations be- may is fitted throughout with accom- tween Soviet Russia and Afghanis-
tan was announced.
cd to be a possibility they attempt to legislate a similar rul-modations quite comparable to ing to affect the United States., those of a fire small yacht.
bost
Engineers
revealed the
4
Such a retaliation would, In turn, affect thousands of Detrol-consumes about 240 gallons of ters who maintain summer homes gasoline an hour when cruising at gine room. The pilot house also bordering the Detroit River. Lake full speed. The ship's tanks re- carries a chart table and other. ocean-going
St. Clair, the St. Clair River or portedly carry 900 gallons. Lake Huron.
MINOR RIFT CREATED
Either way, the ruling seems to have created a minor rift in the "good neighbour policy" so notice- able between the two cities in the
accountrements for
travel.
Both the pict house and the flying bridge are fitted with steer- Cost of the boats, including en- ing wheels and control levers as gines, runs to more than $100,- well as speaking tubes to the en-1000." Lieut. Howard revealed.
past few years. It might be said AMERICAN PLANES TUNED
that Windsor has been a strong
bonster for Detroit
J
UP FOR THE ALLIES
As one example, "ever since the war started-Windsor
LONDON, July 10-The police at Buffalo, New York, were has sent many men overseas to fight-the confronted with a major traffic problem recently as thousands Windsor populace has been in- of people tried to catch a glimpse of scores of United States terested Intensely in the fortunes naval.'planes assembled on the aerodrome of the. Curtiss Wright are preparing the of the Detroit baseball team. In aircraft company. The firm's mechanics the afternoon, persons congregate 'planes for delivery to the Allies. in their homes or in downtown These machines, nearly 100 of bars to listen to radio accounts of which have now arrived at Buf- ball games quite as enthusiastical-falo, are being repainted drab and ly as do Detroiters themselves. tuned uz Certain Instruments, When the Tigers are "playing at such as secret, bomb sights, are be- home large fan delegations come ing removed. over, to see the game."
Far West and the people of the East on the European out- look. The overghelming num- ber of people of this country belleve that we should give all aid short of war to the Allies" ALL TYPES NEEDED
Mr. Lloyd Stark, Governor of In general, the residents of both
that these Misseoir, confirms that this is al- Detroit and Windsor feel that the It is understood ruling might obliterate a good will planes will be town to a point on to tec view of the Middle West. policy formulated arter years of the Canadian border, where they Declaring that there has been close contact which could not can be towed across the frontier great reversal of popular senti Continue extensively under the in accordance with neutrality re-ment recently in this part of the
gulations. Six of the 'planes left United States, he added:
people of Missouri are for helping today.
way except The Allies' need of all types of the Allies in every war material was stressed by the sending an expeditionary force to
State Department order.
TRADE "CONFAB IN Marquess of Lothian, British Am- Europe."
bassador to the United States, at
NEW VIGOUR
"The
SWITZERLAND Pittsburgh today. "We need des- The New York Herald-Tribune
::
::
:
18/0
Kailans
$9.55 Raubs
5 cts. Hong Kong Minos...
14:
;དྡྷ;;
16/0
139
Lands. Hotels and Buildings
$33
H.K. & S. Hotels....... H.E. Lands........................................
$33
BLOG
Do. 4% Debentures....
$3.45
$100
$33/(33)
834
H.K. Realties....
$3,70
$7
10.40 Shanghai. Landai........
Humphreys
1101 Chinese Estates.
Cotton Mits
$35 Ewo (8.)
!!!!
WEDNESDAY, JULY 31, 1940. --PAGE
BLACK&WHITE
ASH
FINEST QUALITY IN.
SCOTCH WHISKY
MARKET REPORT |
quiet.
was quoted at
34.3/4 for Spot.
8361
$200 S'hai Cottons (8.)....
$200
Zoong Sings (8.)........
The London/New York. rate was quoted at 402.1/2 York/London was quoted at
CTOS3-
New
385.
Wing On Textiles (S. $125
Public Utilities
1/2.
MARKET
$16
H.K. Tramway....... $16 $7.40 Pank Trams (old)..... $3.70 Peak Trams (new).......... $57 Star Ferries.
18.15
Qulet.
Hotels, $3.25.
**
STERLING
84
257"
#21
821
·ច៖ ''
6,70
$3,10
China Lights (New)... $3.5
837
B.K. Electrics (Old)..
8371
£30
1. K. Electrical New)... $36)
317
Macao Electrics (Old)
816
Macao Electrics (New)
822) 38.
$23
$181
114
Y'mati Ferries...
China Lights (0)......
Sandakan Lights.......
Telephones (old)... Telephones (new)................. S'pore Tractions (Ord.) Industrials
$14.90 Cald., Macg. (Ord.) S.
312 Cald., Macg, (Prof.)5.
U
Silver
THOSE WHO KNOW SAY,
J
IT'S THE SCOTCH.
FROM ROZA, BROS.
prices rose yesterday
to the extent of 3/16 for Ready
H.K. STOCK EXCHANGE
A varied assortment of scrip is
and 1/16 for Forward, the quota- still sought after, but enquiries are Blons being 22.9/18 and 221/8 not being pursued with quite the same vigour as was the case during advices re- respectively, Süver ported some Bear, covering.
The previous days. market was steady, but $6.75 American Silver
There were sellers at 1/2.31/32 July/August, probably September. buyers at 1/3 for Cash.
U.S. DOLLARS
Eusiness was done during the course of the morning at 23.3/8 at
p.m. with sellers at 23.5/16
·August, probably Cash, buyers at 23.7/18 for Cash,
SHANGHAI DOLLARS Opened with sellers at 383 with business done subsequently at 50 dla 324 and also 384.1/2 The market closed at 1 pm. with sellers at 384, buyers at 384.3/4.
SHANGHAI MARKET Opened" with sellers of Sterling at 3.57/64 and closed at 1 p.m. with sellers at 3.7/8. U.8. Dollars" $6.30 opened with sellers at 8.1/16 and $1.85 closed with sellers at 6.1/32 for
$1
Spot, Quiet.
BUYERS Yaumati Ferries, $21. Wing On (H.K.), $35.50.
W
SELLERS
Lands, $33.235. Cements, $15.50.
SALES
Providents, $4.
Lands, $33.
China Lights (0), $6.80. China Lights (N), $3.65. Telephones.(0), $23.
LONDON STOCK
EXCHANGE
LONDON, -July 30 (Reuter)-The Stock Exchange was irr "gular though gains outnumbered losses. Gilt-edged and other, leading in- dustrials were finally stronger.
Elsewhere there were occasional declines on sporadic profit-taking,
Wall Street was steady.
LONDON GOLD
"Landon, July 29 Reuter). Bar Gold, Fine per oz, 188/-
for Cash. Subsequently the Mar- AFTERNOON MARKET
ket steadled up and a transaction The market was quiet in the was reported at 23.3/8 for Cash. afternoon.
STERLING The market closed with sellers
al 172.31/32 July/August, buyers at 1/3 for Cash.
1 shade easier with sellers at 23.1/4 lead-
At the close there was a small seller at 23.3/8 July, buyers "at 23.7/18 for Cash
SHANGHAI DOLLARS
387.1/2 sellers for Spot.
SHANGHAI MARKET
Sterling sellers for Spot at 3.55/
ing to a small business at 23.5/1864 and 8.3. at 8.
for Cash. The Market closed
1
$23
IN
81
8161
Canton Iran. «!» Cemente
$15
RE. Ropes ....
H.K. Govt. Loans
$102 4% Loan
102.
#96 31%
895
(1934)
+
-818
800 13+%
(1940).. Miscellaneous
816 Dairy Farms......
$6.60 Entertainments
$1.80 Constructions (old)........... Constructions (row)....
$1
$7.46 Lane Crawforda.
Nanyang Tobacco.....
$260 Sinceres
Ch. G.5% 19250$Bds.
:
!!
37
$3,30
$2.10
$8.66
Watsons
$8.65
35 Ch.
$39
21.K. Wing Oo
£39
S'hai Wing On
$14
28
Vibro Piling.......
8/1
Marsmans Jav. (Lon.
4/0
81
Wm. Powells......
Sale to Shanghaï
Marsmans Inv. (H.K.)
SHOE CO.LTD
HONGKONG SUPPLIES ALL
SINDS OF FOOTWEAR.
ו.
PEAK TO LET" from 1st Sep- tember six-roomed partly-furnish- ed house with garage and garden. Apply Lowe, Bingham & Matthews.
422
HONGKONG
SHAREBROKERS
ASSOCIATION
Voluma of Business Transacted
on Tuesday, July 30, 1940.
ZURICH, July 30 (Reuter)-Atroyers as much as we need 'planes declares: The demand is for a New York newspaper's report that and guns," he said. "Anything doer in the White House, not a H.K, Banks Germany has addressed requests to the United States can give now visionary... But thank God he China Lights (0) ... 500 Switzerland is declared in autho- may mean the difference between has at last acted: The whole ritative Swiss circles to be com-winning and losing." pletely unfounded.
REVERSAL OF VIEWS
country will applaud his new 'vigour and support him in every It is understood in Swiss finan Mr. Wendell Wilkle, leading step, regardless of the technical!- cial circles, however, that trade "dark horse" candidate for Re-ties of neutrality, which he takes negotiations are in progress be-publican nomination for the Pre-to support the Allies." tween Switzerland and Germany sidency, who has just returned to and are likely to be prolonged be- New York from a tour of the day has the reversal of opinion in cause of the uncompromising attl country, said today: tude of the Swiss to all kinds of conditions put forward by the German delegation,
"I have found no material difference of opinion between "the pouple of the West shď
"In no 'country in the world to
two months, particularly in the last month, been more complete than in America," said the New York Times.
1. $1,220.00
6.80
I
U, & DOLLARS
The market opened
•Hongkong Daily Press.
CLASSIFIED ADVERTISEMENTS
FOR SALE
A selection of the best varieties of
RELIABLE & TESTED
FLOWER AND VEGETABLE
SEEDS
From Messrs. Suttons & Sons, Reading. Mesars. Atlee Burpee & Co.,
**
Philadelphia 630 Messrs. Arthur Yates & Co., Ltd., 6.80
Sydney
200
500
500
6.30
-J
China Lights (N) China Providents
K, Lands
D00 544 250 100
6.80 The opportunity of serving you 3.65 will be a pleasure and your 4.00 commands will have our best 38.00 attention. 33:00 16.50
GRACA & CO.
K. Lands....... 100 HK Docks (0) ......: 100°
3,295 The total value is $27.425.50.
No. 10 Wyndham Street
O. Box 10 Hong Kong.
湘路西富
ROYAL STUDIO
Art Photographer
Excellent Enlarging & Developing
HOTELS
39, Queen's Rd. C.
Tels. 21184 & 33008.
RUSSIAN CUISINE
MORE POPULAR EVERY DAY
METROPOLE HOTEL
AUCTIONEKES
GREATEST COLLIDEN DI BARGAINS IN TOWN!
t
LAYMEETS AUCTION ROUM Lammert, Br back
Read Claustrof Thonone No 2012
POSITIONS VACANT WANTEDxperienced
prof
reader-Apply Manager, Hong Kong Daily Press, Marina House.
43.8
TEA DANCES Tuesdays
Thursdays
Saturdays
Sundays
6 to 7.30 pan.
ENGRAVERS ...
FEI FEI & Co. Photo Engravers 18, Cochrane Street. Telephone No, 22224,
Jimmy's