HONGKONG DAILY PRESS
Finance and Commerce
LATEST ERSATZ PRODUCTION
Tulip "Coffee" For Dutch Population
EXPORTERS H H.K: STOCK
DELIVER WOOLLENS
EXCHANGE
Owing to a great extent to the fact that the attention or the gen- eral public was focussed on the An- A plan for the dispersion of Bri-nual Racing Carnival, the week tain's woollen and worsted mills, under review was one of the quiet- and for sharing work upon export est we have had for some time LONDON, Feb. 21 (Reuter› orders, has been so successful that past and the volume of trading in one month $3,419,598 worth of lower than usual, but prices gener- woollen and worsted yarns and ally were fairly well maintained. Frij Nederland. manufactures have been shipped The only change was in Trams
published overseas,
which gave way slightly, whilst The most up-to-date of these Loans, Unions and Fires recovered
Tulip coffee is the latest Nazi ersatz speciality.
to
According free. Dutch newspaper in London, Dutch bulb-growers
ام
are exceedingly busy because the mits are now hidden far away a little bit.
Germans are using about 5,000 tons of bulbs to maku "coffee" for Dutch consumption.
the hills. If, by the odd chance, an enemy bomber does make a hit on one of them the work being done The bulbs, with the exception in the mill is by a mutual scheme of hyacinths and narcisst, which of work instantly transferred, to apparently have a poisonous con- another.
tent, are cut into small pieces The result is to be noted not only and roasted to correct colour.
in the colossal woollen exports for chicory is added and it is icuna
the month but in the actual ar- that further addition of A small
rivals of these exported goods. quantity of pure coffee makes the There is no country with which the concoction taste better,
British woollen trade has closer re- lations than the Agrentine. One- tenth of the vast British export
Indo-China To Control trade in woollen tissues is dore
Rubber Exports
TOKYO, Feb. 21 (Reuter)--Tht Governor-General of Indo-China
with the Argentine.
has issued regulations controling #
LONDON GOLD
"
London, Feb. 20 (Renter).
the export of rubber, according to Bar Gold. Fine per az... 168/-
A semi-ofletul Japanese report.
Under the new regulations. the
part,
Governor-General will establish a the Government will take rubber exporting administration, and all rubber exports will be made in which representatives of the through this administration, the four largest rubber plantations and report declares,
HONGKONG
SHARE QUOTATIONS
SHAREBROKERS' ASSOCIATION
BUSINESS DONE DURING THE WEEK,
H.K. Banks, $1400.. Union Ins., 3411, 412. Providents, $6.01, $5.95, $51. Hotels, $34
Lands. $341, $34. Trama, $171, $17.20, $174. Star, Ferries, $574, $57. Lights (0), $5.15, $8.15. Electrics (0), 39): Rectrics (N), $391, Telephones (O), $244, Cements, $17.90, 3171, $174.
Dairy Farms, $18".
Watsons, $11, $10.95. Sandakan Lights, $12.
ELK. Govt. 4% Loan, 97. Cts. H.K. Govt. 3% Loan, (1934), 95
95 Ct
Cts
BUYERS
FINANCE & GENERAL
WEEKLY RETURNS AND REPORTS
BANK OF ENGLAND'
SATURDAY, FEBRUARY 22, 1941. -PAGE 9°
LONDON, Feb. 20 Reuter).
Public Deposita Other Deposita:--
Bankers
Other Accounts Total
Total Bullion
Feb. 13
Feb. 20
(000's Omitted)
£
23,940
£
31,700
110,630
100,470
55,170
52,970
165,800
155,810
Government Securities
154,880
163.140
Other Securities:-
Discounts and Advances Securities
3.710
3,790
19,810
19,670
Total
33.520
23,460
Notes and Colna
29,350
30,040
1,380
1,520
602,030
601,460
Ratio of Reserve to Liabilities Price of Gold at which baldings are valued.. 168/-
15.45%
16.00%
168/-
FEDERAL RESERVE SYSTEM
NEW YORK. Feb, 20 (Reuter).
Feb. 15 (1940)"
Bills Bought ..
U.8 Securities held
Federal Reserve Ratio
$
2,477,000 87.50%
$
Federal Reserve Credit Outstanding. 2,530,000 Monetary Gold Stocks
16,063,000
Industrial" Advancos
20,434,000
2,184,000 91.00% +2,260,000 22,130,000 7,877,000
2,184,000 91.11%
3,235,000
22,140,000. 7,854,000
Notes in circulation
Food Control Parley In Chungking
Feb. 13
(000's Qualtted)
Feb. 20
AID BRITAIN
BILL DEBATE
EVERYBODY'S
Favourite
"BLACK&WHITE"
LONDON. METÀLS EXCHANGE
Tin,
Londen, Feb. 20 (Reuter).
Standard, Cash, Middle
WASHINGTON, Feb. 20 (Reuter) -Enactment of the Aid for Bil-Price, £279-1/4 tain Bill would mean intervention
CHUNGKING, Feb. 20 (Reuter) in the European conflict, sald
Senator Bailey (North -The national food conference
Caroline Democrat) at the third day's de- opened this morning under the
HR. Govt. 34% Loun (1934) 94.25 chairmanship of the Vice-Minister bate on the Bill in the Senate.. of Communications, conurrently
He continued: "I hope that this director of the National Food intervention may not mean war Control Board.
but if it does, I am ready for it".
Union Ins... $411.
Providents, $5.75.
Lands 4% Debentures, $17.50 Lights, $8.10,"
Electrics (O), $39.50.
SELLERS
Tin, Standard, 3 months. Middle Price, £275-1/4.
Market very strong.
SILVER MARKET
%
LONDON STOCK
EXCHANGE
LONDON, Feb. 21 (Reuter) Out-edged securities advanced on the London Stock Exchange yes- terday..on fait buying and Kaffirs on Cape and local support, while there was some demand for Indian loans, but elsewhere conditions were mostly quiet.
Industrials
were inclined to be dull, with textiles heavy and home rails eased appreciably on profit- taking, but oils improved.
Among foreign issues- Argentines tended to be
LONDON, SILVER Of the total of 18 provinces, 15 He declared that the Bill, would
London, Feb. 20 (Reuter). have arleady sent representatives. give the United States a better
Silver-Market very quiet. Buy- Dr. H. H. Kung. Minister of chance for ultimate deliverance ers
Brazilians satisfied. In the afternoon, j and Finance, was scheduled to address from the totalitarian world revo-the market was very quiet with no easlet.
business.
HK Govt 33% Loan (1934), 93 the delegates this morning.
STOCK EXCHANGE,
Buyers
Ballens Balca
Nomiga!
FRIDAY
Cts. Hotels, $3.60.
Buyer Heller S
tina
21 FEB.
SALER
Banks
Union Ins; $412.50..
C.D.
$1350
Providents. $5.75"
Do. (Col. Reg.)
I.D.
£76
Landa, $33.75.
£71
Do. (Lon. Reg.)
71 £74
Trams, $17.60.
£71
Chartered Banks ......
£71
£23
Mercantile Bks, "A".
Electrica (O), $38.25/40.
£93
£11
Electrics (N); $39.50...
378
$76
2411
C.D. $1400 H.K. Banks
I.D. 876
Mercantile Bka, "C".
Bank of East Asia.....
N. C. & S. Banka..
Insurances
$215 Canton Insurances..............
$4121
81
$170
::
251
Union Insurances...................
Underwriters
II.K. Fires..............
Shipping
$135 Douglases
39
Steambouts.....
$160 Indo-Chinas (Prof.)
Indo-Chinas (Det.)
700
40/
Shells
$7
Waterbosts
Docks, Wharves, Godowns, etc.
$98- H.K. & K. Wharves...
Providents............*****
$17.80 H.K. Docks (Old).. $17 H.K. Docks (New). 327+Shanghai Docka....
Mining
18/0 Kailang
Haube
i cta. Hong Kong Mines..
Lands, Hotels. and Buildings
$3.80 $34
1971
83.45
$7.05
$96
::
198
86
0172 | $174
841
M.K. & 8. Hotal...... R.K. Lands.......... Do. 4% Debentpres.
Shanghai Lands........ B.K. Realties.
Humphrey........
Chinese Eata 3.......
Cotton Mills
Evo (5.)
$205 S'haj Cotions (S.)...
Zoong Bings (8.).....
Wing On Textiles (8.
Public Utilities
H.K. Tramwayz...........
Peak Trama (old)...
Peak Trap
::
1.
Jution.
Reviewing the causes for the Senator Connally Texas. Bri- rise of food prices, the TAKUNG-other Democrat, had opened the PAO gives the following causes: debate by observing that the Firstly, hoarding by speculators, world's democracies "must all Secondly, smuggling into enemy hand together or they will hang octupled areas as the result of separately."... high prices offered by the Jap- anese,
He predicted that an attempt would be made to invade North LARGE-SCALE PURCHASES
and South America if the Axis Thirdly, large-scale purchases of Powers were victorious in Europe. The Hongkong Mectric Co., have foodstuffs at harvest time by the
15 ct. made a preliminary announcement Provinces which experience food
of a finai dividend of $1.20 on the shortage and by certain offices and old share issue and a dividend of Army," and
It is fur- Fourthly, higher labour wages to increase the and transportation dimculties.
$215
$411
$1.10 on the new issue.
80 et
$170
ther
proposed
$125
381
capital, this will be in the form of The newspaper declares
a bonus issue
of one share for every three and a further issue of $10 one share at per ($10 each) for 360
every three shares.
40/71
个
$98
$61
.:
All these new shares will rank for dividend as from 1st July, next.
$17.8 HONGKONG
$17.20
$27+
38/0
$8
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted, on Friday, Feb. 21, 1941. SALES
food control is already enforced in Che- klang, Fukien and Kwangtung,
In Cheklang, the daily reports. food is distributed according to In the population in a district. Fukien, measures simlar to those adopted in Szechuan are enforced, the province divided into "supply" and "demand" districts.
Those experiencing food short- age are allowed to by food from the surplus areas.
Kwangtung always experienced
Spot, 23-3/8a. - Forward, 23-5/164.
BOMBAY SILVER Bombay, Feb. 20 (Reuter). Market Quiet, Otitake 100 bars.
Indian Mint Silver
Ready
Mar, 24 Settlement
April 22 Settlement
43-00 62-14 62-13
Wall Street was quietly firtu.
BROKERS LOANS
New York, Feb. 20 (Reuter). Loans on securities to biokers in New York:-
# WK-ended Wk-ended· Wk-ended 16/2/40 . 13/2/41 20/2/41 $485,000,000 $287,000,000 $282,000,000
PRE-PAID ADVERTISEMENTS..
• The following classes of advertisements are charged at the price given below c SITUATIONS VACANT. HOUSES AND APARTMENTS WANTED.
18
HOUSES AND APARTMENTS TO BE LET, MISCELLANEOUS WANTS.
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.
WANTED TO BUY
WE PAY HIGH PRICES food shortage, and therefore, the for all goid and silver articles, provincial authorities undertake
gold bars, diamonds and jewels.
to purchase food from other pro- Apply China Gold Refining Co. vinces, then apportion the sup- Pedder Building, 2nd floor, Room 6.
$ 17,50 plies to the districts according to
39.25 requirements.
166 41.00
TRANSPORTATION PROBLEMS
HK. Docks (0)
100
$3.80
833)
$331
H.K. Hectries (O)
200
100
397
150
#31
46
39.50 In Hunan, the authorities have 40.00 reduced the price of rice from 330 41.00 per picul to $15.
$7.10
233 $1,00
100 41.25
H.K. Electries (N)
400
$41
30.25 775 39,50
$206
$115 HK. Tramways
#17)
$3.40 Star Ferries
$3
Union Ins.
100. 50 65
17.60 56.50 412,50
$67
2,395
$1.80
$391
$39!
$241
China Lights (0)....... { $8.10
83
(new)...
$57
Star Ferries..
$24
Y'mati Ferries.....
86.20
$1.07
China Lights (New)..
H. K. Electrics (jold)...
$171
$95
+++
H. K. Electica(New)
Macao Electrice (Old)
816) Macao Electrics (New)
$12
Sandakan Lightë.......
824 Telephones fold)......
$10.20 Telephones (new)......
S'pore Tractions (Ord.)
Industrials
$30
Cald., Macg. (Ord.) &
$25
Cald., Macg. (Pref.)S
$1
Canton Ices.......
817
Cements, pi
#8)
H.K. Eoper
$97
4% Loan
(1940).
Entertainmente v
$1
#71
Lane Crawfords....
TH
HK. Gort. Loans
37% "# 31%
(1934)
Miscellaneous
$19.20 Dairy Farms.....
87
$1.80 Constructions (old)..
Constructleną“ (now);z-
Nanyang Tobaco
$2.15 Sinceren
$10.95 Watson08
49/47 Ch. G.6% 1025G$Bds
839
H.K. Wing On
S'hai Wing Un
$7.70 Viuro Piling
-
6/3 Maramans Inv, (Lon.
2/6
Maramana Inv. (HK
$1.00 Wm. Powell.........
China Lights(Right)
+Bale to Bhanghai
!!:
!!!
94
$10
...+
300 17.60
Chungking Feb. 20 (Reuter)--- Particular attent.on is paid by the 300 17.80 United States Economie Mission to
The total value is $102,540,00.
GIFT TO EMPIRE WAR EFFORT LONDON, Feb. 21 (Reuter) Malaya's latest contribution the
War Empire's
effort is
free
WE OFFER HIGH PRICES for any amount of gold articles, dlamends, sliver, jewels, etc. No holidays. Apply China Building. 7th floor. Tel. 30727. Eurasia Gold; Refining Co.
WE PAY HIGH PRICES for all China to the transportation pro-gold and sliver articles. Jade blems, it is learned from reliable diamonds, jewels, watches, foun- (sources,
tain pens. Apply Far East Dia- The United States is reported to mond and Gold Refining Ca. be prepared to give China financial Room 621, China Building, 8th and material assistance and large floor. quantities of medicines, supplies and arms will be forthcoming, but
the most important problem will
how these materials can be speedi-
*
ly transported into the interior.
WANTED KNOWN
Why not learn all the Fancy Efficient and centralised trans- latest Stitches for your dresses toportation administration 18 the and Sweaters.
a
main problem at present confront- JOIN THE KNITTING CLASS gift of £450,000 raised by ing the Chinese and American au- AT $3.00 per month (Tvice a week
Ta eta war taxation and additional cus-thorities, it is pointed nut.
17 toms duties from September to
lesson). Please apply to Box No. 664 0/0 HK.D.F.
December 1940.
97%
Lord Moyne, Secretary of State for the Colonies, has
Conservancy Work
gratefully
$96
acknowledged the glft.
In Chengtu
$19
ORDERS TAKEN for hand-made sweaters, Ladies' jumpers. Bables" CHENGTU, Feb. 21 (Central)outats, etc., at $5.00 each for
Laughlin Currie and Mr. Workmanship.
The prohibition of home sales of De..
Wool and model desired, to be 1.85 silk hostéry applies to all knitted, Emile Despres Went yesterday
netted or crocheted apparel and morning to Kuanhalen, northwest supplied by customer.
Send particulars of address, etc.. shaped material wholly or partly of Chengtu, where they inspected
to Box 602, H.K.DP. water conservancy work. They returned to Chengti Immediately ufter the inspection and attended
$7.10
#7}
$3,80
made of silk,
$2.10
$10.95
30%
الروم
$30
$14
13
HOTELS
FOR JADED APPETITES!
REAL RUSSIAN FOOD
Tiffin $1.20 .
Dinner $1,50
METROPOLE HOTEL
PACKING CONTRACTOR
Any Kind of Articles will be Packed Carefully and Perfectly at Reasonable Charges Order will be Secured Promptly
TOMINFAI TELEPHONË 23237, 25827.
YING LEE CO.
FEST CAMPHORWOOD, TRUNKS NO. 8, QUEEN'S ROAD EAST, WANCHAL
TAILOR LAM SHIU SHEK 334, Nathan Road, Kowloon, Tel. 57712. Guaranteed delivery. 1 sult
In 24 hours notice and 6 hours for a pair of trousers.
ENGRAVERS
FEI FEI & CO. Photo Engravere 18; Cochrane Street. Telephone No. 22224.
AUCTIONEERS
GREATEST COLLECTION OF BARGAINS IN TOWN!
at
Constraction of a high-powered at noon.a luncheon ́ party given Experienced Book-keeper Wants Canadian short-wave broadcasting in their honour by the Chinese- Students to form a class. Quaran- $8 station. for carrying Canadian American Institute of Cultural tee students to keep a whole set of news and views to the far corners Relations and the Sino-British books after completion of a course $1.90 of the earth, is under considera-Cultural Association.
of 6 months. For Term and Par-Lammert, Bretuman 15 Ai ka daga Clovern- In the afternoon they flew back ticulars. Flease Apply to:-Box
Họ Chungring.
No. 463 4/0 HKDP
B
tion by the Dominion
ment
LAALMEETS AUCHION BOOM
Hood Quatan. Telepon - No. 29224.
TEA DANCE
DAILY
EXCEPT MONDAYS 5 to 7.30 PM.
Jimmy's
BUTTERICK
Expert Ladies' Tailor
New Style Ready Made Dresses, Overcoats" and Costumes FOR SALE
16, Wyndham Street.
Tel. 23615
For Sale Hong Kong Centenary Envelopes
With Views of Hongkong in
1841 and 1941
for
First Day Issue of
Centenary Stamps
at $1.00 per doz. Envelopes
GRACA & CO. Dealers in Postage Stamps, Garden Seeds, Picture Books, ete."
No. 10 Wyndham Street. Established "1808.
Hongkong