HONGKONG DAILY PRESS
ว
Finance and Commerce
H.K. STOCK
EXCHANGE
The indifferent weather of this
week has sadly interfered with
Well
maintained
AUSTRALIAN
MUNITION
PRODUCTION
business, Enquiries have been CANBERRA, Aug. 23 (Reuter)---- Menzies, the Prime though prices Mr. R. G. have kept fairly steady. The un-Minister, in a broadcast, said that dertone is steady to firm and given during the three months' exis-
opportunities of sellers and buyerstence of the Ministry of. Muni- to meet, prices and turnover tions he had approved `a should both increase.
BUSINESS DONE DURING THE WEEK.
Union Ins., $365, $367),
HK. Fire Ins., $136.
Docks (), $151.
Providents, $3.55.
Hotels, $3,35, $31.
Lands, $31, $39§, '$307,
Humphreys, 561.
[Tzams, $15.30, $151...
Star Ferries, $57.
}
China Lights (0), $8.55, $65.
se 55"
Electrics (0), $37, $37Ł.
Electrics (N), $354, $35.90 Macao Electrics. $17.
Cements. $14.85, $15, $15.10. Ropes. $5.
Dalry Farms, $171, $17.60.
Waisons, $8},
$8.45, 581.
000,000
(Australian
munitions programme.
£100,- currency)
Australia, he said. is now sup- plying munitions to Britain, India and New Zealand.
1
By the middle of next year. Australia would be employing directly or indirectly on munition production 150,000 people out of a population of 7,000,000,
China Lights (O). $6.45. Flectrics (O), $36.75, Electrics (N), $35.75. Telephones (0) $21:85.
Cements, $15.
Watsons, $8.45,
SELLERS
53.30, $8.40.1
Lands, $30.75,
Govt. 4% Loan, 997.
BUYERS
Union Ins. $365. H.K. Fire Ins.. $140, Docks (O). $15.50... Providents, $3.80. Humphreys, $6.50. Taumati Ferries. $21.25.
"China" Lights (0) $6.75.
SALES
HK. Banks, $1230.
Lands, $30.50.
Trams, $15.50.
Telephones (N), $8.75.
H.K. Ropes, $3.
Watsons, $8.45.
HK Govt. 34 Loan (1934) 95
*
HONGKONG SHARE QUOTATIONS
Bayan Bellera
..
STOCK EXCHANGE,
SHAREBROKERS
soles Xaming
FRIDAY
Belleza Buyer
ASSOCIATION" Sales Nora
23 AUG.
Banks
H.K. Banks
$1220
$140
2210
1.1895
£62
£6
Do. (Col. Reg.).....
Do. (Lon. Reg.) ........ Chartered Banks.....
28 Mercantile Bki. "A". Marcantile Bka. "C".
873
Bank of East Asia...... N. C. & S. Banks..... Insurances
$1225
MONEY AND EXCHANGE
CLOSING QUOTATIONS AUGUST 23, 1940.
on London!
Telegraphic Transfer. 1/2 7/3 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight 1/3.1/2 On Shanghai:-
On demand
FINANCE & GENERAL
Chemical Industries Of Canada: Increase In Value Of Output
industrial group.
CHEMICAL PRODUCTION IN CANADA SET UP A NEW RE- CORD LAST YEAR. The increase in value of output over 1938 was 7.7 per cent, while it was 5.7 per cent. above the previous record "established in 1937. It was also nearly fourteen per cent. higher than the value of production in 1929. Substantial in- creases over 1938 were reported in eleven of the thirteen indus- tries in which the group is classifed. Canada's foreign trade in chem!- and Nova Scotia, which are com- euls was also at a record level last bined for census purposes in this year, Imports showing a gain of 24.1 per cent. and exports an in- crease of 244 per cent," over 1938. The gross value of production in the chemical and allied industries of Canada in 1939, according to a preliminary report issued by the Dominion Statistician. totalled. Of the imports last year the $157,407,000 as compared with United States supplied 70.2. per 62 1/2 $140.139,000 in 1938. The previous cent.. the United Kingdom 18.9 peak was $148,973,000 in 1937, per" cent. and other countries 129 while in 1939 the value amounted per cent of the exports forty to $138,545,000.
United went to the As between 1938 and 1939, the States, 23.8 per cent to the United number of plants in operation rose Kingdom, and 36.4 per cent to from 790 to 797 and the aggregate other countries. capital employed from $161,267,000
390
On Singapore:--
On demand
On demand
..... 52 3/4
24 14
On Japan:-
On India:
Telegraphic Transfer. and demand on New York:-
Bank Bills, on demand 23 14 Credits, 60 days' sight 23 n/a On Batavia-
On demand
41 58
On Paris:-
Bank Bills, on-demand-1085– Credits 4 months" sight '1160
On Saigon:—.
On demand
98 3/4
*
On Manila:-
On Bangkok:-
L
On demand
149 1/2
On Sterling Notes:-
Bank Buying Rate
1/5 1/8
Bar Silver per oz.
23 1/4
On demand....4_12.
Market Report
to $170,673,000; the number of em-
Imports of chemicals and allled products into Canada increased from $35,206,000 In 1938 to $43,706,- 000 last year: while domestic ex- ports advanced from $19,496.000 to $24,283,000.
per cent.
ployees-from-21,896 to 22,288 and CONTROL LAWN
the payroll from $29.571,000 to $31,289,000: while the cost of materials advanced from $60,714,- Theo to 36418.000 -
WEEDS
SATURDAY, AUGUST, 24, 1940. -PAGE
Unrivalled Age and Quality
in
BLACK-
& WHITE'
NO IF OR MAY BE
IT'S THE SCOTCH.
ECONOMIC
The first step in controlling RECONSTRUCTION
lawn weeds is to follow a main-
tenance-program which will re- IN SIKONG
salt a dense, vigorous, healthy turf..
CHENGTU, Aug. 23 (Central)—
CHINESE INDUSTRIAL MAGNATE
fer- of the Sikong Provincial Govert Cordial Reception
andment, has decided to make a trip
To Tan Kah-kee
VALUE OF OUTPUT The largest contribution to the output value of the chemical group last year was provided by medi Important features of this pro-General Liu Wen-hul, Chairman cinals and pharmaceuticals with gramme include Judicious paints, pigments and varnishes | tilizatión, proper mowing second and acids. alkalies and watering and timely reseeding.
to Chungking to confer with the -FROM ROZA BROS.
saits third. --The value-of-output-It is recommended-by-the Divis-Central -authorities-on-economia.
KWEILIN, Aug. 23° (Central)—— Silver prices dropped 1/10 yes
in medicinals and pharmaceuticals ion of Forage Plants, Dominion reconstruction in Sikong both deliveries, the increased from $24,538.000 in 1938 Experimental Farms Service, states
Mr. Tan Kah-kee, prominent in- General Chang Tu-lun. Director terday for quotations being 23.1/4 for Ready to $26.839,000 in 1939: paints, pig-J. H. Boyce, that lawns re- of the Generalissimo's Provisional dustrial magnate of Singapore and Chairman of the South Seas Silverments and varnishes from $24,318,-ceive two applications of a com- Headquarters in Sichang, and Mr. and 22.7/8 for Forward.
Chinese Relief Association, strly- acids, plete fertilizer each year, one as Tu Lu-chien, Secretary-General of advices reported the market as 000 to $25,437,000; being very quiet and featureless, alkalies and salts from $20,477,000 soon as possible in the spring and the Ning Shu Reclamation Com-ed here from Luchow on an in-
|spection tour-yesterday....... the other in the early fall about mittee, have arrived in Kangting American Silver was quoted at 34. to $23.059,000.
The two industries showing de-September 1.
Lo have preliminary discussions Several hundred people, includ- 3/4 for Spot.
Fertilizers containing from 4 to with General Llu on the economic ing Party, political and military The London/New York cross-crease were polishes and dressings rate was quoted at 402.1/2. New rom $3.096,000 to $2,968.000 and 5 per cent of nitrogen, 8 to 12 reconstruction programme.
leaders and representatives of York/London was quoted at 402.3/4. toilet preparations from $6,851.000 per cent. phosphoric acid and 4
various public * organisations, to $6,622,000.
to 5 per cent, potash are recom-
MARKET
£63
£82
Very quiet.
£61
STERLING
£28
£1
873
No There
business Was sellers were
60 ct. 31/32 up to November, buyers at
1/3 for any delivery.
$165
+
П10 cts.
Canton Insurances..... Union Insurances................ Underwriters' .................
$210
$367
10 cta.
H.K. Fires.
$136
..
Shipping
$120 Douplases
$190
$11
810
$100
$100 33/1+
$6,90
A
Steamboats
8100 Indo-Chinas (Pref.)...
33/1 Shall ·
890
Indo Chinas (Def:).
$6.90 Waterbosta
Docks, Wharves,
Godowns, etc.
$00
HK & K. Wharves.
$85
$3.65
D
Providents
**$3.65
#LBA
H.K. Docks (Old).....{ $15)
$16
HE. Docks (New)...........} $14}
4
8201 +8hanghai Docks....
18/0 Kollans
29.55 Rauhs
Mining
5 cts. Hong Kong Mines......
Lands, Hotels and
Buildings
H.K. & 8. Hotels... $3.45
La
931
$30 $304/30
HIK. Lands.....
831
$100
Dr. 4% Debentures....
$100
$9.00
Shanghai Lands...
$3:10 $3,30
141
H.K. Raalties......
一$3.10]
281
Humphreys
:
$15.35
3211
$6.50
$3.40
A
#35}
$35.00
317
$16
81
$21.85 $8.70
$57
$164
101 Chinese Estates.
2.
Cotton Mills
8331 Ewo (S).
.8210 S'hai Cottons (8.)....
Zoong Sings (9.)...................) Wing On Textiles (8.)) $125
Public Utilities
H.K. Tramways......815,45 87.40 Peak Trama (old)..... $3.70 Peak Trams (new)... $57
Star Ferries.
8214
I'mati Ferria.......... Chins Lights (O)......] 201 China Lights (New)... 38g $373 H.K. Flectrica (Old)... $37
H. K. Klectrice Now)... $35.80; Macro Electries (Old);
| Macao Electrics (New)
Bandakan Lights.......!
Telophones (old)....... Telephones (naw)......: S'pore Teactiona(Ord.1 Industrials
$14.00 Cald., Maég. (Ord.) B.
Cald., Macg. (Prof.)S.
Canton Ices.....
Cementan
140 H.K. Eopes ....
HK, Govt. Loans.
300 4% Loan
(1940).
Miscellaneous
Dairy Farms.
$8.60 Entertainments
$160 Constructions (old)...)
81
$7.45 Lane Crawfords.
$2,15 Bincares...
35. Cl. G.6% 1925G Bds. 9.K. Wing Oo
S'hai Wing On......
Vibro Piling ....
Marsmana Inv. (Lod.)
Marimans Inv. (HK.)
Wai, Powell......
8213
$6,70
$12
81
$95
34%
805
31%
$17,00
39.45
$8.40/45/84
$39
8/9
4/
$1
(1934)
:
916
$17.75
1:0
·
#
100%
ཕ:་
$151
$35.90
#
D.S. DOLLARS
from
and
He is expected to leave for Heng-
All other industries reported mended for most situations. These susceptible to drought and heat greeted him upon his arrival, gains: hardwood distillation from fertilizers should be applied at injury.
Immediately after his arrival, $632,000 to $738,000; adhesives the rate of 15 to 20 pounds per
RESEEDED
Mr. Tan called on high provincial - Any bare and thin areas in the officiais. reported from $1,904,000 to $2,057,000; inks 1,000 square feet.
In the evening. he was lawn should be reseeded with entertained at dinner ‘by General CUT FREQUENTLY 1/2, from $3,181,000 to $3,438,000: coal at
The lawn should be cut fre-suitable grasses in the carly spring |Li Tsung-jen, General Pal Chung- tar, distillation from $2,895,000 to $3.463.000; "compressed gasses from¦quently with a sharp mower. It is and again in, the early fall, dur-hst and General Huang Hsu-chu, |$3.754.000 to $4,010,000: fertilisers desirable that the grass be cuting the last two weeks of August. Chairman of the Kwangst Frovin-
It is important that all possible cial Government. from : $12,841,000 to $13.178,000; to a height of 1 to 2 inches, Quiet. A small business was re-
soaps and washing compounds Mowing to lower heights en sources of weed seeds be removed. ported at 22.13/18 for October de-
$13,242,000 to $20,093,000:|courages growth of certain types of The most common sources. of livery. The market closed at 1
and miscellaneous chemical pro-weeds. Where it is avaliable, arti-weed infestation. are adjacent yang, Hunan, on August 27. p.m. with sellers at 22.3/4 for ducts from $23,362,000 to $25,507,- Acial watering may he used to weedy
areas from which weed forward and probably near; buy-000.
great advantage during the dry seeds are carried by wind, water ers at 22.13/10 for Cash.
Ontario led the provinces of summer months.
and animals, dressings of fresh Canada with 57 per cent of the SHANGHAI DOLLARS
The lawn should not receive or partly rotted manure or other Business was done during the total production in 1939 and its water, however, until it shows de-weed infested materials and cheap early part of the morning at 402. output rose from $82,198,000 inanite signs of needing It and then mixtures in which there are weed
1938 to $89,228,000 last year. the soil done
should be moistened seeds. 1/2 but later business was
Quebec came second with 30 per thoroughly to a depth of at least cent. and increased from $44,676,000 four inches. to $47,591,000; and British Colum-
at 404 and alse-103:1/3 for near The market closed at lunch time with sellers at 403, buyers pro 820 bably at 403.1/2 for Spot.
16/0
$210
SHANGHAI MARKET
the
The obvious method of prevent ing contamination of the lawn is to remove the sources of weed
HONGKONG..
SHAREBROKERS”
ASSOCIATION
Yolume of Business Transacted on Friday, Aug. 23, 1940.
ате Frequent echt waterings bia third with seven per cent, ris-undesirable since they encourage seeds by killing weeds in adjacent E.K. Tramways ing from $9,686,000 to $10.451.000.
of growth
shallow-rooted areas, as well as those which may weeds and tend to restrict the already be present in the lawn. roots of the desirable grasses to by making sure that no materials Ropes the upper layers of soil; thus re-containing geed seeds are applied ducing their feeding range and to the lawn and by sowing only making the tur?" even more the best Grade No. 1 seed.
REPORTED GAINS Quiet. There were sellers of
The remaining six per cent. Is Sterling for near delivery at 3.45/divided amongst the other six 64 for Spot. U. S. Dollars opened provinces; and all areas reported with sellers at 5.19/32 and closed gains except Prince Edward Island a shade steadler at 5.5/8 for Spot. AFTERNOON MARKET
The market was duli in "the afternoon.
STERLING
The market closed with sellers at 172.31/32 up to November, buyers at 1/3 for any delivery...................
U.S. DOLLARS
Nothing doing. The market closed with small sellers at 22.3/4 for $8 Cash, buyers at 22.13/16 for Cash.
SHANGHAI DOLLARS
(50 ota.
$4
Closed with sellers at 403.
SHANGHAI MARKET
Closed with sellers of Sterling
* 3.45/64 for Spot and U. B.
Dollars at 5.5/9 for Spot,
Shanghai Exchange
Shanghai, Aug. 23 (Reuter).
Official T.T. Rates
London ....
395
New York
Japan
Paris Hongkong
Sterling
SHOE CO.LTD.
HONGKONG SUPPLIES ALL
FINDS OF FOOTWEAR
LONDON STOCK EXCHANGE
LONDON, Aug. (Reuter)The
Hongkong Daily Press
CLASSIFIED
ADVERTISEMENTS
FOR SALE.
Stock Exchange closed sitgntly & selection of the best varieties of Irregular owing to occasional ure RELIABLE & TESTED
fit-taking though Industrials were
Opening
0/3-5/8.
5-3/8
FLOWER AND VEGETABLE
22-3/4 ZON
maintained on small selective buy-
ing orders.
SEEDS
24
... Sellers Opening Closing 0/3-45/84. 0/3-45/64
Gold--minings were occasionally]"
From
offered but the offerings were well Messrs. Suttons & Sons, Reading. taken up. Gilt-Edged recovered Messrs. Allee Burpee & Co..
after the initial downdrift closing. around unchanged.
$8.20
Spoti
$1.05.
Aug.
Constructions. (new)........
Sept.
0/3-45/64 0/3-45/64 0/3-11/16 0/3-11/10°
Wall Street
раз arm.
$7
U.S. Dollars
Nanyang Tobacco....... 82)
Spot
$5-5/8
Watsons'
$8.30
88.40
Aug. 5-5/8
-5-5/8
30%
Sept. 5-19/32
5-19/32
$39
Market:Quiet.
814.
+Silo to Shanghai
$5-5/8" $2.10
#3
Silver Duty Bate
The Central Bank of China's
rate on London at 10 am today was 1/2-1/2d,
The Equallation rate was 23-1/4 per cent
India Rupee Paper
Bombay, Aug. 22 (Reuter). Govt. 31% Rupeę, 90-02-0.
Calcutta Exchange
Calcutta, Aug 22 ((Reuter), TT on Japan, 81-1/2.
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. O. Box 620 Hong Kong.
150 $15.50
50
15.50
1,000 5.00
1,200
The total value is $8,100.00.-
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Tels. 21184 & 33008.
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AUCTIONEERS
GREATEST COLLECHUN OF BARGAINS IN TOWN! at LAMMERTS ACUTION ROLM Lomam, Brother - 2. 49outgiv Road Control, Telephone No. 26424
Jimmy's
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„Thursdayı
Saturdays
Sundays
5 to 7.30 pm
ENGRAVERS
FEI FEI & CO. Photo Engravers, 18; Cáchrane Street, Telephone No. 22224;
* INSURANCES.
The National: Mufatal. Life:: Associa „tion of Australasia, Limited is not. accepting new business in Hong Kong at present. Any enquiries should be made at the ace 26, Des Voeux Road; Central (5th floor Room No. 56), Bank of Canton, Building. Hongkong, ng
Tel: No.- 23473-
Resident Secretars),
HR. WELLS,