HONGKONG DAILY PRESS
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE,
Bayan Bellars
Aalu
Nominal WEDNESDAY
SHAR BROKERS' ASSOCIATION
Bayer Bellice Biot Fomins
12 FEB.
Banks
$76
3915
C.D.
X.D.
083
10 ct.
1
$1410 HX. Banks
Do. (Col. Rag.)
278 Do. (Lon, Rog.)
Est
£93
211
***
Chartered Banki ......
Mercantile Bk. "A" Mercantile Hks. “C”.
Bank of East Asia......] $76
N. C. & S. Banks.....
Insurances
Canton Insurancos................
Unión Insurances...
Underwriters
H.K. Fires....
Shipping
3138 Douglases .........
****
C.D.
X.D.
$1400 £80 £78
*!!!
FINANCE & GENERAL
Finance and Commerce Commerce
AMERICA'S NEW PERIL
23 ENORMOUS INFLOW OF GOLD MAY
£11
$218 $410 50 ct.
$165
$135 #81
$410
$1
$170
$11 Steamboats
$100 Indo-Chinas (Přel.)...
8100
$60
Indo-Chinas (Dof)
$60
44/4
Shelis
|44/43
$T
Docks, Wharves,
898
H.K. & K. Wharvoa...
898
$6.66 5.80
Providants.....
#172
|H.K. Docks (Old)...........) #17)
$173
$17
H.K. Docks (Bow)...........
$33
Mining
Kailans
1971
$18 20
**
Waterboats
Godowns, etc.
833 +Shanghai Deks.....
18/0
$8 Raubs
1 ote, Hong Kong Mines......
Lands, Hotels and Buildings
83,60 H.K. & S. Eotels......
H.K, Lands........
334
Do. 1 Debentures....
$13.20 Shanghai Lands.......
83)
H.K, Realties.
$7.95 Humphreya
Chinese Eatalos.......................
Cotton Mills
S'hai Cottons (8.)...
Zoong Sings (9.)............ Wing On Textiles (9.)
Public Utilities
H.K., Tramways..
Peak Trams
old)....
$08
847 $203
Ewo (9)
$7
$3
Peak Trams. (row).......
$564
$6
$6.15
$403
7934 $93
$1.80
***
Star Forries......
$241Y'mati Ferries..
China Lights (0)
$1.97 China. Lights (New).
H. K. Blectrics (Old)...
839 H.K. Eléctrica New)..... $17 Macao Electrics (Old) $16Macan Electrics (New}} $11 Sandakan Lights...... 825 Telephones fold).... $10.23 Telephones (new)
S'pore Tractiona/Ord,
Industrials
17
$30 Cald., Macg (Ord.) S.
$24
Cald., Macg. (Pref.)S
81
Canton Cres.....
Coments
$8H.K. Rupes
H.K. Gort, Loans
$961% Loan
37%
(1934)
13150 n (1940)
Miscellaneous
$19.20 Dairy Farms.....
***
;:;་ལ་
$3.60
***
.18/0
#72
$344
$97
$3.85
X.D. $7
.847
TURN OUT TO BE GREAT PLAGUE
Uncle Sam has the Mitas, touch, `Als food turns to gold, whenever he ships it abroad. So do the typewriters, the aero- planes, the gasoline and the cotton we export. Just as fast as the Africans and the Russians in Siberia can dig gold out of the ground it comes to us,· We bury it right back in the ground again. We cannot use the stuff any more than could Midas, and it may turn out to be almost as greal a plague to us, writes S. F. Porter.
We have about $18,000,000,000 in gold. That is four times as much gold as the Treasury owned a mere six years ago. The Increase in six years in more gold than all the world had been able to accumulate for monetary use In the twenty centuries preceding. It is 60 per cent. of all the known gold reserves in the world. It is enough gold to replace with gold coins every plece of paper money In eirculation both in the Untied States and in Europe.
In has been suggested that we whose friendship and trade we might stop the incoming flood by desire. Then they'll be able to reducing the price we'll pay for buy our goods.”
gold. That would chalk up a But that doesn't get us very far,
can only be
JAPAN'S SYNTHETIC OIL
Japan's synthetic oil industry will be launched in real earnest in the near future when several plants start operating, says the Chugai ShoryO.
on
THURSDAY, FEBRUARY 13, 1941. —PAGE
Product of Australia
TOLLEY'S Pure Grape
BRANDY
AN EXCELLENT
AUSTRALIAN BRANDY
"AT AN
EXCEPTIONALLY
LOW PRICE.
Obtainable at
all wine dealers.
Sole Agents:
DODWELL & CO., LTD.
Thus, In the current
for Formosa
The mam development in 1940 as far as Japan's of business is concerned was the United States of the export embargo petroleum and petroleum products to Japan. This embargo was en- forced in two stages, on August lat and on September 12th. On the first occasion, the ban th- |cluded aero-enginé gasoline, petro- leum for producing same, 'lubri- cating oils and tetraethyl lead. license while the second placed under a system the" export of cracking machinery for aero- engine gasoline and patents. staggering loss on the Treasury's International debts
To date the United States re-l present gold stock, but that might paid in trade or in gold. The strictions on the export of oil have|
1940 oll-bearing year, the spring öf be disregarded as mere bookkeep- nations that might be able to use been confined "mainly to aviation ing if the move would rectify the the money to develop new wealth materials, but it is feared that subsidies for prospecting opera- strata were discovered in Man- situation. The real terror to be with which to pay up. are few their scope will be extended.
tions have shown a large increase | choukuo, This has resulted to ex faced is that it would probably and small. And any debtor who The authorities in Japan are jumping from Yen 5,950,000 in 1939 tensive development plans being send prices spiralling downward could not pay his debt in trade making efforts in two directions: to Yer 8.600,000 in. 1940 for Japan pushed forward for that state,
As regards artificial oil produc- dollar prices, that is-and touch would simply ship the gold back the development of all the oil re- proper. Subsidies off a new depression.
to us to meet his bills. This sources available within Japan's rose from Yen 1,740,000 to Yention, the Mitsui Mining Company's would leave us with the gold pro-sphere of influence, and the sup-3,260,000 in the same perold, while Omuda synthetic plant successful- blem still on our hands and the port of the artificial oil industry. those for Saghalien increased from ly applied a process last May, and borrower
owing now
us the Regarding the former, negotiations Yen 130,000 to Yea 180,000.
operations already. has started amount of the loan.
with the Dutch East Indies to ex- Moreover, for the first time this The Kawasaki plant of the Japan poft more all to Japan are pro-year, grants for trial drilling in Oleochemical Industry Company. gressing amicably. On the other pits have been instituted, and Yen was able to produce oil in in- hand, it is deeply regretted that 1.190.000 have been appropriated dustrial quantities by nigh-tem- prospecting and drawing for this purpose. Furthermore, the perature hydrogenation of tar operations in the Saghallen of-Imperial Petroleum Resources De- while the Fushun plant of the neids this year have not been more velopment Company
was formed South, Manchuria Railway has satisfactory than in recent years. last July.
turned out oil from coal, also by RESOURCES POOR
Capitalised at Yen 10,000,000, the the hydrogenation process. It has genearlly been thought purpose of this concern is to de- The synthetic oil industry of Jap- nations of the world will declare that the off resources in Japan velop the untapped ollfields in the an Is considered quite promising is no international standard, "the gold longer acceptable as only way to carry on bustness un-money and leave us holding the proper are poor, but the author!-possession of small mining con. the Chugai Shogyo concludes, and The Japan. Petroleum is destined to contribute in no der such conditions is through bag is. I think, just a bogey. Man tes are nevertheless urging pro- panies.
has the gold habit. It is thou specting and drilling operations Company has made a success of its smali maesure to the solution of barter. Germany has been the perfect illustration of a country sands of years old. Dictators can with the utmost energy.
trial drilling operations, while in the vital fue] problem. with a money which has no as-outlaw gold in totalitarian states. certainable gold value. The result It works within their own bor- Is that nobody outside Germany wants marks.
A second suggestion is that we $205
might stop buying gold altogether That would have all the bad $135
effects of cutting the price, and a worse one on top of them, for $18.05 there would be no common deno- $7.40minator in which to carry on in-
ternational trade..
$57
8241
$6,10
26.10.15
Ad
d
THROUGH BARTER Whether on the gold standard or not, the value of the money of
$1.95
$39 every country in the world mes-
#25
$10
73 ota. 8171/171
281
8031
sured against gold. But if there
IS THERE ANSWER?
Is there an answer? More and more men are asking that ques- tion, and turning away with fear Will it end in our having practi-
the world's gold cally all
and nothing to do with it?
But the bogey that the other
ders.
по
But when they import goods. Since the dollar is now the only they have to use gold or work out Important monetary unit with fix. clumsy barter denkt Other states ed gold value, the whole financial might try to declare gold a mere world would be thrown into chaos commodity, good only for filling were we to refuse to exchange teeth. But note carefuly that the the dollar for gold when gold is greatest producers of gold in the offered us.
world are the British Empire and "Put gold back into circulation, Russia. Great Britain will hardly says another pundit. "Let usdemonetize gold when the move have gold coins again. The public would ruin South Africa; deal a will take billions of it away from staggering blow to Canada.
The underlying the governinent vaults."
truth is, of But the public could not pos.course, that the gold problem is a sibly be expected to take out of symptom, not a disease.
The pro-
819
Entertainmenta
87.10
Constructions (old)........
$1.65
81
Constructions (new)....
#7}
Lane Crawfords..
$71
Nanyang Tobacco,
82.18 Sinceres
837 82.10
35°
839
$14
88
than two or
$1,90
$39.
$10.95 $11.00
Watson's
42/47 b. G.5%, 1925GSBds.
H.K. Wing Un
S'hai Wing Un........
$7.70 Vibro Filing
7/6 Marsans luv. Lon.'
·Marammans Inv, (HK) $1.90 Wm. Powells............
| China Lights(Rights)}
tale to Shanghai
PLAN
2/6
FOR INSTANT
ACTION ON
ANGLO-AMERICAN FRONT AGAINST THE AXIS
LONDON, Jan. 29.-British economic experts today disclosed that a complex for a joint Anglo-American "war front against the Axis has been drawn up in readiness for Immediate appli- cation should such be desirable
If adopted, the plan would bar Secretary of State Cordell Hull. veksels now" engaged in traffic for discounted charges voiced in the the benefit of the Axis from gain-British House of Commons that ing access to any Anglo-American United States commodities shipped port facilities throughout the to the Soviet Union were reaching world, and would also result in Germany. freezing of German assets la the
(Taking cotton as an example, United States in order to make the Hull
doubted tha More than British blackade of the Reich 40 125,000 bales of this commodity per cent more effective,
were sent to Russia last year, and The plan might also involve ex-he said this amount must be con- tension of the United States ex-sidered comparatively small, port licensing system to cover all (Hull said the moral embargo on exports of vital raw materials to shipments of airplanes. aviation the Axis powers, tricluding Japan. gasoline and materials for plane-
Revelation of the plan followed building to
Russia was removed the announcement by Minister of more for the psychological effect Economic Warfare Hugh Dalton the action would have than any- that he had reason to know that thing else.)
Germany and Italy were exerting
LITTLE EVIDENCE "There is. Uttle
evidence that
their,, utmost efforts to obtain for- eign exchange to enable them to undertake many most undesirable United States exports to the Soviet Union are alding Germany direct- activities." He said that Britain,
evidence therefore, was intensifying efforts, but there is ample
I
the
PRE-PAID ADVERTISEMENTS.
The following classes of advertisements are charged at the price given below :— SITUATIONS VACANT.
HOUSES AND APARTMENTS TO BE LET. HOUSES AND APARTMENTS WANTED. MISCELLANEOUS WANTS.
Announcements not exceeding 25 Words are inserted under this heading at a Pre-paid Rate of $1.50 for THREE INSERTIONS. If Charges collected, $2.00
FOR SALE
HOTELS
FOR JADED APPETITES!
Our Suried $18,000,000,000-more blem is a sick, world. Restore
three billions to peace, prosperity and trade, and FOF SALE:-As a Going Concern, Jingle in its pocket. Nor would the gold problem will cure itself. the old established busted REAL RUSSIAN FOOD this solution arrest continued gold In the past, smaller countries Messrs. C. E Warren & Co., Ltd., imports or check additional pro- with little or no gold, have based Sanitary
& Heating Engineers, duction.
their curreneles upon the British with all Stocks, Property. Lörry. "Lend the gold, shouts an ever pound sterling. They have in Goodwill &c. Apply for further Increasing group of politicians effect made their money redeem-particulars to Messrs. Lowe, Bing- and economists. "Lend It to able in pounds rather than in ham & Matthews. South Africa, to
country. any
gold. Great Britain gave up try- Ing to maintain a fixed gold value. for the pound when war broke
out.
H.K. STOCK EXCHANGE
71
WANTED TO BUY
Tiffin $1.00 + Dinner $1.25
METROPOLE HOTEL
It pays to LEARN RADIO-not from books but by actual doing. Three evenings a week. All neces- Write
For the present, this is a handi- WE PAY HIGH PRICES sary equipments supplied. cap. The dollar is "strong" as for all gold and sliver articles. Box No. 69, c/o H.K. Dally Press. financiers say, which means that gold bars, diamonds and jewels, it is expensive in terms of other Apply China Gold Refining Co. nations money-our goods are ex- Pedder Building, 2nd floor, Room 8. For the short session a few small pensive to foreigners and our ex- enquiries were filled, with the gen-ports suffer though this effect is eral undertone remaining quiet. masked for the present by wax or...
ders.
"BUYERS B.K. Govt. 34% Loan 1934, 83,50
Cts-
WE OFFER HIGH PRICES for any amount of gold articles. diamonds, silver. jewels, etc." No holidays. Apply China Building, 17th floor. Tel. 30727. Eurasia Gold
HX, Govt. 31% Loan 1940, 93. ASTRONOMICAL JAP. Refining Co.
Ct.
Bank of East Asia, $76. Canton Ins: $215.
HK. Fire Ins; $170.
Providents, 35.65.
Lands 4% Debentures, $97.50. Star Ferries, $50.50. Lights (0), $8.
Cements, $17.30. Watsons, $10.95,
Entertainments, $7.
SALES
"
!!
H.K. Banka, $1425. Providents, $8.80. Trains," $18.20. Watsons, $11.05.
SELLERS
Trams, $18.05. Cements, $17.50 Ropes, $8.50.
BUDGET FIGURES
PACKING CONTRACTOR Any Kind of Articles will be Packed Carefully and Perfectly
"
at Reasonable Charges Order will be Secured Promptly TOMINFAI TELEPHONE 33237, 25827,
YING LEE CO.
WE PAY HIGH PRICES for all TOKYO, Feb. 12 (Reuter)-The gold and silver articles. Jade, Government yesterday submitted diamonds, jewels, watches, foun- to the Diet a supplementary or-tain pens. Apply Far East Dia-
and dinary budget for the next fiscal mond
Gold "Refining Co. REST CAMPHORWOOD" TRUNKS year totalling 1,131,000,000 yen to Room 621, China Buliding, 6th
NO. 8, QUEEN'S ROAD EAST gether with a third supplementary | Foor.
WANCHAL jordinary budget for the present fiscal year ending Mar. 31' which
amounts to 8,921,000 yen.
WANTED KNOWN
The budgets for the next finan= | Why not learn all the Fancy cial year, starting April 1 and latest Stitches for your dresses comprising both ordinary and ex- and Sweaters.
r
traordinary, total 12,875,110,000 JOIN THE KNITTING CLASS ven, of which 7,995,110,000 yen re- AT $3.00 per month (Tvice a week presents the ordinary budget and lesson). Please apply to Box No.. 4,880,000,000 yen the extraordinary 654 c/o H.K.D.P. military budget
HONGKONG
SHAREBROKERS'
ASSOCIATION
to halt exports of German and that the Soviet Union is exporting Russian goods to Germany, re- Italian goods.
The reference to "undesirable placing these by goods imported activities" probably meant an all-from the United States," Dalton
declared.
" and brass to Russia rose from out German offensive this spring
Dalton said United States ex- extremely small quantities before according to informed sourcRS.
ports of cotton to Russia, nor-the war to 57,000 tons in 1940, mally negligible; amounted to while United States wheat exports Dalton's disclosure followed his 30,000 tons In the last quarter of to Russia, formally negligible, rose
to 100,000 tons in the same year, HK. Banks announcement thay ritain had,1940.
Coments
RUSSIA AND GERMANY
Volume of Business Transnefnd on Wednesday, Feb. 12, 1941.
lodged representations with the "Large quantities of cotton are according to Dalton. Washington and Moscow govern- now being exported from the 60- Dalton added that United States Ropes: ments, claiming that American viet Union to Germany," Dalton petroleum exports t to Russia amounted to 114,000 tona in the exports to Russia were indirectly added. alding, Germany.
United States exports of copper tirst eleven months of last year.
SALES
600 200
ORDERS TAKEN for hand-made. sweaters, Ladies' jumpers, Babies' outfits, etc., at $5.00 each for workmanship.
Wool and mode: "desired, to be
supplied by customer.
Bend particulars of address, etc.. to Box 502, H.K.D.P.
Experienced Book-keeper Wants $1,410.00 | Students to form a class. Guaran- 17,50- teé students to keep a whole set of 8.50 books after completion of a course or 6 months. For Term and Par- ticulars Please Apply to:-Box No 463 elo H.K.D.P.
The total value is $13,610.00.
ENGRAVERS
FEI FEI & CO. Photo Engravers
18, Cochrane Street, Telephone No. 22224,
`AUCTIONEERS
GREATEST COLELCTION OF BARGAINS IN TOWN)
at
LAMMERTS AUCHON BOOM Lambat, Brochet. 2. IN MAMA...
TURBIN
TEA DANCE
DAILY/
EXCEPT MONDAYS
5 to 7.30 PM.
Jimmy's
TAILOR
LAM SHIU" SHĦEK 334, Nathan Road, Kowloon, Tel 57712. Guaranteed delivery 1 sult in 24 hours notice and 6 hours for a pair of trousers,
BUTTERICK
Expert Ladies Tailor
New Style, Ready Made Dresses,. Overcoats and Costumes ·
FOR SALE.
| 16, Wyndham Street. Tel. 23815
For Sale Hong Kong Centenary Envelopes
With Views of Hangkong In
1841 and 1941
for
- First Day Issue of
Centenary Stamps...
at $1.00 per dos. Envelopes
GRACA & CO. Dealers in Postage Stamps, Garden Seeds. Picture Books, etc.
No. 10 Wyndham Street:: Established 1806.
Hongkong