+
HONGKONG DAILY PRESS
Finance and Commerce
FRANCES COAL Chinese
PROBLEM
Prospects For The
Winter
Battling a lack of specialised
ไท
labour
certain regions and technical difficulties in coal mir-
Customs
SHIPBUILDING IN CHINA
FINANCE & GENERAL CONSERVATION
OF PETROL IN CHUNGKING
CHUNGKING, Oct, 13 (Reater). 11 an effort to reduce consump tion of petrol the authorities have cut down the number of motor cars in Chungking to 200.
In November, 1937, when the
offices moved from Nanking the Chungking total number of cars here.ex- ceeded 2,000.
Revenue Vessels For Inland Government
WAR OCCASIONS
BIG LOSSES
River Transport
inland
concurrently Superintendent of the
to
Each Government office is now allowed only one car for use by its superior officials,
KIANGSI BANS WINE BREWING
CONDITIONS IN PI
Boycott By Chinese
According to a Japanese pas- senger who returned to Japan from Manila aboard the Kaku Maru, Chinese merchants there are again trying to boycott Japan- ese commodities which are making rapid progress in Philippine mar kets.
to
He stated that although the Philippines will become indepen- CHUNGKING, Oct. 15 (Central)
dent five years hence. Interest is -China is building a large num-
felt only by the intellectual classes and most of the merchants are ing in most of the coal-producing CHUNGKING, Oct. 15 (Central)ber of wooden boats for
concerned about the question of whether or not they can stand on "areas, the French Government and-Although China has lost, a large river transport, according to Mr. Wang Kwang, Director of the of the
their own legs. people are making a concerted portion of her customs revenue as
In Ministry of Communications and
order
the effort to ensure adequate coal sup- a result of the war, she has not Navigation Department
cope with plies during the fast approaching resorted to an increased in the
KIAN, Oct. 15" (Central)-The advance of Japanese commodities winter.
tariff rates to offset-her-losses.
Si Klang (West River) Shipyard.......
Kiangal Provincial Government in Philippine markets he continu- The authorities in the occupied according to Mr Loy Chang,
The 81 Klang Shipyard, Mr.
a proclamation pro-ed, the United States are streng zone, where most of France's coal-director-general of Customs Ad- Wang said, has built 570 wooden has issued
country. and of the Ministry of boats which have been assigned hibiting the brewing of wine bethening protective measures against fields are located. are already- ministration
to that time-FinaECE. and have been for some
for navigation in the rivers in ginning November for the pur-exports
on account of this, cotton goods pose of conserving rite for food. During the past three years, busy restoring the best mines, It'
Kwangsi.
Drinking of wine is discouraled: and sundries imported to is from these that the coal used she has, however, managed to -For
river the development of In the Parisian and eastern re-improve the customs machinery transport between Szechwan and Tea, milk and bean milk are island from the United States can
and to direct the customs polley The production of these mines to cope with the wartime condi. Hunan and between Szechwan and listed as the principal beverages.
Shensi new shipyards are being will naturally be greatly reduced tions. Part of the losses in the because of destruction due to the customs revenue was made up by set up in west and south Hunan, the interport tax and north. Szechwan to bulld
glons normally comes,
war, however. Furthermore, very an increase in many miners sought refuge in returns unoccupied France and have not
more wooden boats. The shipyard
in south Hunan will build parti-
German-Bulgarian Trade Agreement
yet been repatriated, so that work interport customs revenue in 1938cularly boats of Wight-draught to LONDON, Oct. 15 (Reuter)
can at best be slow,
WILL BE IMPORTED
China collected", $55,840,000 of
and $46,660,000 in 1939. This was
Increase a three four-fold
ΟΥΕΣ
It is understood that Belgian the prewar returns of only $15,- and German coal will therefore 000,000 annually.
In readjusting- the customs ur- most probably be imported into
and modifying the these regions to meet the most ganisation
government has urgent needs and allow some in-tariff rates. the dustrial plants to resume neces- ja threefold purpose. sary operations.
They are: to encourage the im- Another difficuity faced by the port of necessary articles and to authorities is the impossibility of cut down that of non-essentials, importing foreign coal through to enhance the export trade, to Dunkirk, formerly a great coal im- foster industry and improve the port centre, but now completely livelihood of the people. destroyed.
Rouen and Bordeaux will now
be the chief coal ports.
111
ünoccupied The situation France, is even, and considerably 50, more acute than in the occtipl- ed territory. There are only few mines in the uncccupied. region and, moreover, the stocks of coal that were usually laid in during the summer months in peacetime. are now practically lacking.
The French authorities are now! planning to distribute wood fuel to residents of rural areas, where houses are fitted for wood burn ing Every coalfield in the unoc- cupled zone will meanwhile be m- tensively exploited to allow for as ample stocks of the fuel as "Dos- sible.
Market Report
FROM ROZA BROS.
Tuesday, Oct. 15.
Silver prices were not received
; this morning. American Silver was
quoted at 34.3/4 for Spot.
New
The London/New York Crea rate was quoted at 402,1/2. York/London was quoted at 403.
1/2.
Quiet
MARKET
STERLING
There were sellers at 1/2.33/32 October/December, buyers at 1/3
for any delivery.
U. S. DOLLARS
H.K. STOCK EXCHANGE
The market continues steady, with small business passing.
BUYERS
Union Inis., $380. Providents, $4.40. Hotels, $3.20.
Lands, $30.23. Realties, $3.25.
Electrics (0); $36.26~ Electrics (N), $35.75, Telephones (0), $22.50. Cements, 515.25.
Ropes, $5.50.
1
SELLERS
Providents, $4.60.
Vibro Piling, $8.
SALES
HK Govt. 31% Loan (1934), 95. H.K. Bank, $1225.
Providents, $4.40.
Trams, $15.50.
קי
Lights (Q), $6.65. Telephones (0), $23.25.
HONGKONG
SHAREBROKERS
ASSOCIATION
Volume of Business Transacted on Tuesday, Oct. 15, 1840. SALES
Opened with sellers at 22.7/8, China Providents
ward delivery. The market closed HK Electrics (N)...
at lunch time with sellers at 22. HK. Hotels
the
be sold considerably cheaper with the result that Japanese goods are meeting with difficulties in com- peting with them...
He asserted that Chinese mer-
WEDNESDAY, OCTOBER 16, 1940 -PAGE 9
Poor appetite?
A TAKE
"BLACK
WHITE
THOSE WHO KNOW SAY, IT'S THE SCOTCH.
chants: who are quite influential SPECULATIVE
EYES TURNED
on with
ON RUSSIA
THAILAND AND VICHY
A
ter-
in the market, believe that busi-
can be carried navigate the. Yuan River in that A trade agreement was signed in ness
VICHY, Oct. 15 (Reuter) Sofia yesterday between Bulgarian American supplies alone and have started a boycott of Japanese com- part of Hunan.
flat refusal to consider „any and German representatives.
untul modities: Some Chinese are sald The agreement will ran
"WHILE GERMAN TROOPS ARE ritorial claims, put forward by April, A supplementary to be spreading rumours that the RAUB AUSTRALIAN [next
cial statement issued by the agreement covers the German oe-goods made in Japan are inferior BEING POURED INTO RUMANIA, Thailand is contained in an off-
SPECULATIVE EYES ARE BEING GOLD MINING
cupled countries, Poland, Holland, In quality.
Producers of hemp and sugar, TURNED ON RUSSIA," said Mr. French Government last night.
At the same time, an assurance The HK. Stock Exchange yester-Norway and Belgium.
In future, all payments between the important products of the day received a cable from the Raub,
cast from Daventry on Sunday ratify immediately the Non-A- Australian Gold Mining, reading as these countries and Bulgaria, will Philippines, are finding it difficult Cyl Lakin, B.B.C. milltary com-
mour of possible American pár- night.
gression Pact drawn up recently follows: Report 564 fine nunces be settled through Berlin with to sell them and owing to a ru-mentator, in the course of a broad- is given that France is ready to
ticipation the
business
"It must be remembered that between the two countries, 1.510; Profit 29,000.
conditions in general are not so Russia is as involved in the Near encouraging, he concluded.
German marks
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE,
+
SHAREBROKERS". ASSOCIATION
TUESDAY 15 OCT
Едут
Bellers Saios Nominal
Banks
H.K. Banks
Do. (Col. Reg.)
Bank of East Asia.......
N. C. & B. Banks....
Insurances -
in
W**
FELICITATIONS
TO CHINA
East as she is in the Far East and until the Russian attitude to the new "Axis Pact with Japan is may have heard that Mr. Winston Churchill has been elected Chair made clear, it is difficult to pre-man of the Conservative Party.
CHUNGKING, Oct. 15 (Centrai, diet on the present trend of in- Many times in the past, Mr.
ternational events. **
*DANGEROUS GROUND
-In addition to those from Prest- dent Roosevelt and the foreign
The Axis Powers are treading and Ministers in Ambassadors Chinis, messages extending felieton dangerous ground in their pre- tations to Mr. Lin Sen, Chairman sent manoeuvring in the Balkans.
Churchill's opponents have come from the Conservative Party.
"His unanimous election, there- fore, proves that Mr. Churchill's
own words when he said that the
OX
Buyersdellen
Sales Notion
$1205
81510
$1208
£70
£70
EAT
Do. (Loa. Reg.)
£67
£T
Chartered Banka
£7
£201 Mercantile Bks. "A".
£207
210 Mercantile Eks. "C".
£10
872
8721
$187 Canton Insurances......
$380
Upioy Insurances... $380
$390
21
Underwriters
$1
$180
H.K. Firas.......
$150
of the National Government, on There have always been two car Conservative Party will not allow China's Independence Day have dinal points in Russia's policy to any other party to excel it in the now been received from the Presi- make sure of an exit from the sacrifice of all party' 'Interests
which must be party feelings 10 ctdents of Turkey, Mexion. Braai Baltic Sea and the Black Sea.
Now that Germany controls the made by all if we are to emerge and Chile...
Skaagarack. It is in, the power of victorious from the perils 'which $190
Germany to close that exit to face us: have a real meaning in Russia, Russia, therefore, cannot England today.
$130
Douglases .....
831
Steamboats
$10
Indo-Chinas (Pret.)...
Indo-Chinas Del.)...
38/3
Shells
$6.90 Waterboats.
Docks, Wharves.
Godowns, etc.
$40
"
Shipping
$4.40
-84.35/45-
Providents
$3.20 #301
#301
11/0
| #91
¦
..
$89 H.K. & K. Wharves... $87
816 H.K. Docks (Old)... $16
H.K. Docks (New)... $29+Shanghai Docks.
Kailans
Raabs
Mining
ots Hong Kong Mines.....
Lands, Hotels and Buildings
HK. & 8. Hotels......
11.K. Landa.....
Shanghai Lands........
H.E. Realties...
Chinese Estates.........
Cotton Mils
Ewa (8.)
8181 Bhai Cottons (S.)
Zcong Binge (5.)....... Wing On Textiles (8.) Public Utilities
HK. Trakya...............
$7.40 Pook Tram (old)....
amphreys
!!
on
TOBRUK RAIDS CAIRO, Oct. 16 (Reuter)-Bomb-
carried out ing raids were
allow Germany to close the exit to "The weekly and Sunday papers the Black Sea and it is expected paid a great tribute to Mr. Chur- $120 Tobruk once again on the night that before long this view will chill. They state that his whole
of Saturday/Sunday. states A become clear.
career" has been a preparation for the great place he now holds. This Turning to political events in is what makes Nasi propaganda England, Mr. Lakin siad: You against him so laughable."
3100
Cairo message.
#
$100
36/3
Bombs fell in the target area, 26.90 but it was impossible to ascertain
the full extent of the damage.
889
388
84,45 | 81.30/40
B18
$16
**
$261
14/0 $8
.Pr
$3.10
$30,25/50
$100
#3.16
874
$35! $190
201
$100
Do. 4% Debentures....
#10
$7.10
$103
China Lights (0)
resulting in a small business at
-100 $ 8.75
500 500 4.40
4.45
$26
22.15/16 for near and also for For-
500
4.40
50 36.00
500
100
3.30
23.00 $15
1
HK Telephones (N) Union Ins
500 23.25 375
9.25
$3.70 Peak Trams (naw).......
$694Star Farrie
2 380.00
422) | T'mati Ferrise....
86.65
$585
China Lights (0)...... $6.50
$6.65
2.627
836,10)
B.K. Electrice (Old),
China Lights (New)..
$6.20
$36.10
$35
H.E. Fertrica New)..
317
816
Maceo Electrics (New)]
Macao Electrics (ora)]
7/8 for near, buyers probably at HK Telephones (0) 22.15/18 for Cash.
SHANGHAI DOLLARS Opened with sellers at 395 re- sulting in business subsequently at 395.3/4, 398, 396.1/2 and 397. The market closed at lunch time with sellers at 395,
SHANGHAI_MÄRKET
י'
"Sale on Monday, the 14th Inst. 1838.10 The total value is $28.903.75.
Openra with sellers of Sterling Reclamation Work In
at 3.51/64 and closed easier at 3.48/64 for Spot. U.S. Dollara open | ed with sellers at 6.25/32 and closed at 5.3/4 for Spot,
AFTERNOON MARKET The market was quict in the afternoon
STERLING
North Fukien
$15
FOOCHOW, Oct. 15 (Centrainm Mr. Tan Kah-kee, Chinese indus- trial magnate in Singapore, who is visiting here, has promised, to gave $200,000 for reclamation in 853 north Fukien, and $100,000 for beautifying Wuyi Mountain on the Fakien-Kiangat border, which he
The market closed with sellers at 1/2.31/32 October/December, has suggested to mark out de a
buyers at 1/3 for any delivery.
U.”S. POLLARS
Nothing, doing. The market closed with sellers at 22.7/8 for near, buyers at 29 for Cash
SHANGHAI DOLLARS
The market closed with sellera at 394.
scenic centre.
The blockade of the South China ports has seriously affected the Shanghai textile industry, re~ ducing its production by 30 per cent.
live as compared with months ago This has led to si steady secumulation of cotton yarn in Shanghai: There was The last advice received report estimated to be 400,000 bales of ed sellers of Sterling at 3.25/32 cotton yarn late last month this for near and US Dollars at 525/32 quantity including stocks held by for near
SHANGHAI MARKET
hoarders
$17
::
Sandakan Lighte
18224 Telephones. (old)................ Telephones (new).............. S'pore Teactions (Ord:}} Industrials
$14.90 Cald., Macg. (Ord.) S. $12
Cald., Macg. (Pref:). Canton Ices....... $15.20/40 - Cements
$15.40
BRITISH POLITICS
PRE-PAID ADVERTISEMENTS.
The following classes of advertisements are charged at the price given below :—--
HOUSES AND APARTMENTS TO BE LET. SITUATIONS VACANT.
MISCELLANEOUS WANTS...
HOUSES AND APARTMENTS WANTED).
Announcements not exceeding 25 Words are inserted under this heading at a Pre-paid
If Charges collected, $2.00. Rate of $1.50 for THREE INSERTIONS.
8125
WANTED TO BUY
WE OFFER HIGH PRICES. for any "amount of gold articles, diamonds, silver, etc. No holidays. Apply China Building, 7th floor. Tel 80727. Eurasia Gold Réfining Co
HYTELS
RUSSIAN CUISINE
MORE POPULAR EVERY DAY
METROPOLE HOTEL
·TEA DANCES Tuesdays
Thursdaya,
Saturdays
Sundays.
to 7.30 p.m.
We pay high prices for all Gold & Bilver articles, Diamonds, Jade and Gold dust. Apply China Gold $35f
Redning Co. Pedder Building, 2nd floor, Room 6.
FOR SALE
For Sale Fifty sets of Jubilee and Coronation Stamps 1st day. Cover What offer? Please apply to Box No. 465 c/o The HKD.P.
ENGRAVERS
FEI FEI & CO; Photo Engravers
18, Cochrane Bizčeti Telephone No. 22224.
50 ots
$15,901/50
$36
131%
H.K. Eopes ́******
HK. Gort. “Lowas 898 4% LOBIK.
(1934)... (1940);
981.
$95, 31%
*::
Miscellaneous Dairy Farmannss 48.80 Entertainments. $1.80 Canstructions (old)
Constructions (new)... 17.45 | Dane. Crawfords."
Nanyang Tocco...... 3 #15 ginceres
181 Watomy
357 Ch. G.5%
839
1325GSBds
K. Wing, On
18 Hai Wing: On
Vibro Piling
7/8" | Marmam Inv. (Lon.)
9/9. Maramans Iny. (H.)
Wm Powellk:
Sale: 10 Abancha
$18 $0.60 $1.85
WANTED KNOWN
ORDERS TAKEN for hand-made sweaters, Ladles' jumpers. Bables outats, etc., at $5.00 each for workmanship.
Wool, and model desired, to be supplied by customer.
Send particulars of address, etc.,
to Box 502, EKDP
Just Received
Fresh Supply
Best varieties of
Reliable and tested
The "WE" have an outstand Flower & Vegetable
ing assortment of latest American dresses for all occasions and price to suit all purses. Call at "Vanity $2.20 Shop" (Lazarus) Pedder Street.
25% $39.
Experienced Book-keeper Wants Students to form a class, Guaran tee students to keep a whole set of books after completion of a course of 6 months For Term and Par- Blease Apply to Box
Jo HKDB
Seeds
From Sutton and Bons, Ltd. Reading in pictorial packets
GRACA & CO. Dealers is Garden: Beets, PoacK
Stamps, Picture Books Br. No. 10 Wyndham Street Established 1896.
NTERS
GREATEST COLLECTION AR BARGAINS IN TOWN,
LAMMERTS
VELDAN ALAMAT
Jummy's