HONGKONG DAILY PRESS
Finance and Commerce
AERATED WATERS
INDUSTRY
The popularity of carbonated beverages in Canada is striking- ly evidenced by the growth during the last five years of the aerated waters industry, During this period the value of the output of this industry has more than doubled. In 1939 alone it showed a gain of ten per cent. The production of 1939 was also more than doable that of 1929
H.K. Stock Exchange
FINANCE & GENERAL
U.S: Investment In China. Totals U.S. $376 Millions
The fourth American cred t of T.S.$100,000,000 concluded last November has brought the tota! American investments in China (excluding Manchuria) up to US,S376,000,000, according to an un officia Chinese estimate.
Ten years ago Professor Cart F. Remer of the University of Michigan made a comprehensive study of foreign investment in China, The American portion, as it stood then, was U.S. $196,- 824,124. Of this sum, U.S.$155,112,778 were investments in com- mercial enterprises, and US $41,711,346 were loans to the Chinese Government.
The market has been slightly more active during the week, the i turnover, however, is not partien- larly impressive. Providents have
Not included in Professor Re-last three years totalling U.S.$170.-. been in favour at $4.90 to $3, Macao Electrics have also come mer's estimate were the US$43,000,000.
The datest Chinese estimate was into same prominence though busi-071,189 worth of property owned by The output of this industry is aerated waters industry increased ness reported. has been at erratic American missions and philanthro-arrived at by adding the US- $4.000,000 investment of the Cur-
and the consumed almost entirely within from 38.408,000 gallons in 1938 to rates, varying from $19 to $193 and pic organisations.
During the period from 1930, the tiss-Wright Company the Dominion although there is a 42,659,000 gallons in 1939, the value intermediate levels back to $19. small export. and a somewhat rising from $33,484,000 to $25.806.- Indo-Chinas will pay, hext July, year Professor Reiher completed U.S.$170,000,000 loans to the US. larger import, trade.
In addition these beverages dividends on their Cumulative Pre- his study, to the outbreak of war $202,000,000 previously announced. The value of production in the were produced by ten preweries to ferred 6 per cent. shares for the in July, 1937, considerable changes by the US. Department of Com- took place in the American invest- merce in 1938, bringing the total aerated waters industry of Canada the value of $858,000, making a years 1928/1931 inclusive.
total 1839 output, for all industries
At the close there exists a mo-ments. First of all those in Man. to .. $376,000,000 (CIC). totalled In 1939
$28,744,000 19
derate enquiry for many stocks but churia suffered heavily following against $26,094,000 in 1938. In 1934 $26,262,000. the value of the output
Besides soft drinks tlie aerated the nominal rates need some parts military occupation by Japanese $11,586,000, while in 1929 it was waters industry also produced in ing down before buyers can be at- troops in 1931..
to tracted in any numbers. 1939 syrups and concentrates $12,249,000.
As between 1938 and 1939, the the value of $2,955,000, natural valued at $96,000 number of plants declined from mineral water 454 to 447 but the capital employ. and other products $87,000.
was
000.
ed increased from $18,879,000 to The two leading materials used $20,132,000; the number of em- by the aerated waters industry in were 61.925.000 pounds of ployees from 4.569 to 4.915 and the 1939
valued at $3,239,000 and payroll from $5,181,000 to $5,528,- sugar 000; while the cost of materials 3,588,000 gallons of syrups, con- and Javours worth advanced from $7.750,000 to $8:752-centrates 000..
"
Exports of mineral and
$3,247,000.
..
.
of 163
aerated Eighty percent. of the output |
from Quebec and waters declined from $6,177 in in 1939 came 1938 to $1.842 in 1939: but imports Ontario, the production of ginger ale, mineral and aerated establishments in Ontario being waters Increased from $62,792 to valued at $2.975,000 and that of
142 plants in Quebec àt $3,822. 589,850
1000.
AN INCREASE
The pruduction beverages
The industry was represented i
provinces of carbonated each of the nine (soft drinks) in the Canada.
of
i!
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE,
Buyers Bellery
Ватан
Nomtan
BUSINESS DONE DURING THE WEEK.
H.K. Banks, $1305. Union Ins.. $405. Docks. $15.
Providents, $4.90. $4.95, $5. Lands. $303.~
Realties. $2,70.
Trams, $15.80, $15.90
Lights (0), $5.70.
Electrics X. Rts., $221. Electrics (N), $211.
Watsons, $0.
000.000 that year.
11
THIRTY-SEVEN PER CENT. OF FARMERS INDEPENDENT
SATURDAY, MAY 17, 1941. PAGE
BLACK&WHITE
MATURITY", WITH PURITY)
THOSE WHO KNOW SAY,
IT'S THE SCOTCH.
com.
Height.
Height.
The same year, owing to the Yangtse flood, America sold to China on credit 15,000,000 bushels of wheat valued at US.$9,212,287. In 1940, 37 per cent. of the The following year the American farmers in fifteen interior pro- wheat-cotton loan of U.S.$50,000,000 vinces of China were independent was concluded. Actually, however, owners of their land. according to Chins used only U.S.$17,105,385. a survey of the National Agricul-plements, the interest rate ranging and rearing silkworms. The survey. Another developmen: was the par-tural Research Bureau of the from 1.9 to 3.1 per cent, monthly. also showed that during the year
LOWEST RATE ticipation of American interests in Ministry of Agriculture and Fores-
the farmers devoted leisure time the China National, Aviation Cor-try.
The interest charged by the during eight months to animal. poration to the extent of 45 per The survey also reveals that in credit co-operatives, which averag- husbandry, but only during one to cent of its total capitalisation. that year 27 per cent. of the farm-ed 1.2 per cent., was the lowest four months to other supplemen-
On basis of these changes, a re
ers owned part of the land they rate paid by the farmers. Sixty-tary occupations (CIC). Electrics Rts., $12, $114, $114. vised estimate was made by the cultivated and that the remaining five per cent of the farmers debts Macao Electrics, $19. $19.15, $194, Far Eastern Economic Mission, of 36 per cent. were tenants who pos- were contracted for a year, 16 per
$19.
which Professor Remer' was also sessed no land at all. The war (cent were for six months and only Ropes, $6.
member, in 1935: Excluding Man-has had no effect on the number a few per cent, for three, nine or churia, American investments in of independent farmers in interior over twelve months." HK. Govt. 31 Loan (1034), 944 China totalled around US. $200- Chinat although one per cent. of In borrowing grain, the mort- the tenants became part owners of gaging of seedlings was the most BUYERS
land in 1940 as compared with common practice in rural TWO PORTIONS HK. Banks. $1305,
1937. The survey was made by murilties. Interest on borrowed Since the war began, American 3,451 reporters" on farm condi-grain usually was 20 per cent for investments may be divided into
cent two portions: those in the occupied tons of the bureau scattered in three months and 41 per
six months. It is expected areas and those in Free China 898 districts in fifteen provinces. for
Analysing Free China's rural that the extension of rural co- American business Interests have
economy, the survey goes on to operatives will gradually do away Sun. suffered heavily in the Japanese indicate that half of the farmers with this usurious practice on the controlled areas. For instance, the
borrowed money. while 35 per cert. part of money and grain lenders. Mon. 19 damage to American property in
In their supplementary decupa. ;- borrowed grain. About 39 per cent. Shanghal alone was estimated to: be over U.S.$25.000.000. What with of their loans came from private tions, 81 per cent of the farmers Tues. 20
sources, 27 per cent, from co-opera- in Interior China in 1940 raised the Japanese closure of the Yang-tives, the rest from shops, banks, cattle, representing an increase of tse to foreign shipping, the estab- lishment of Japanese monopoly firms and legitimate Japanese American interests, competition. along with those of other Third Powers, have suffered heavily. The Shanghai Power Company, an American-owned con- cern. had found it necessary to curtall its operations, owing to encroachments by the Japanese Central China Power Company.
Bank of East Asia, $71. EK. Fire Ins.. X.D., $176.
Indo-Chinas (Pre), $80. Providents, $5.
Hotels, $2.85.
Lands. $30.76.
SHAREBROKERS'
ASSOCIATION
Trams, $15.90
FRIDAY Austr
Bellen
Bar
Momina
16 MAY.
Banks
$1305
H.F. Banks
$1305
£761 £72)
Do Cal Reg.)
£87
Do. (Lon. Reg.) Chartered Banka
#11
$7
་་་
$176
#
$2.85
$2,70
፧፧
$8
222 Mercantile Bks, “A” Mercantile ks. "C" Bank of East Asia.... N., C. & S. Banks.
Insurances
8220 Canton Insurances...
Union Insurancés...................
$70.75
16 ct.
2405
$1
Underwriters'.......
X.D.
H.K. FireZiescon
Shipping
$125
Douglases
>
Steamboats............. Indo-Chinas (Pref.)...
871
860
40/0
Shells
$5.15
$15
$25
12/0
89 Rauba
:
1.
$5
$2.70
Indo-Chinas (Def.)
#6.55 Waterboats
Docks, Wharves, Gadowns, etc.
$86 H.K. & K. Wharroa...
Provident
H.K. Docks (Old)...........) H.E. Dock (New)...........! +Shanghai Docks...
Kailan
Mining
1 cts, Hong Kong Mines......
Lands, Hotels and Buildings
H.K. & §. Hotels.......
831.10 H.K. Lands.
#9 Do. 4% Debentures....
$6.70 Humphreys
Chiness Estates........ Cotton Milla Ewo (9)
$300 8'hai Cottons (8.)...
Zoong Bings (8.).....
$5
$2.85
531
$12.90 Shanghai Lands.
H.K. Renities.........................
$2.70
$99
836
$15.90 $16.10) $18.90
Jer
$3
X.D. $21.35 Y'mati Ferries..
Chian Lights (0) China Lights (New)...
19.10
!!!!
Fr
FITHI
Entertainments: $6.25.
Electrics Rts., $11.25. Ropes, $6.40.
SELLERS
Providents, $5.20.-
engl £725
Macao Electrics, $19.25.
SALES
Docks, $14.95.
Providents, $5.
Trams, $16.
129/1
₤400
175 cts.
X.D. $176
44+
##
##
$6
R
⠀⠀
880 -$60
40/0
$35+
ה
Electrics (N), $21.25,'
Electrics Rt.. $11.35.
Macao Mectrics, $19.13. Telephones (0), $22.30.
HONGKONG
SHAREBROKERS
ASSOCIATION
Volume of Business Transacted
on Friday, May 16, 1941.
i3
SALES
H.K, Docks
$14.85 H.K. Electrics (0)
BK TramwaYS
820
200 $14.95 36 22.00 200 16.00 100 18.00
HK Telephones (0)
12/6
16
Water-boats
8071
However, there are exceptions. American Arms in Shanghai and ather cities within the sphere of Japanese occupation, that deal in materials useful to the Japanese armed forces, have all fared very well. Among them, American oll firms have made the largest pro- fits, American firms selling trucks in North motorcars and
рати
Standard
HONG KONG TIDE TABLE
From 17 to 13 May 1941.
HIGH WATER.
LOW WATER
Hoog
Hong
Kong
Kong
Standard
Time
Time
b. D.
I.
h. m.
Sat
17
03 19
44
06 24
13 22
2055
18
04:30
0731
14 1
1429
Ꮒ
21 57
05 32 15 54
0932
22 52 2 1
06 20
11 25
17 21
49
23 39.12 2.
Wed, 21
(667
5 4
18 35
##
12 38
22
0747
00 23
1937
4 0
13 24
13 7.
23
*7 52 20.33
00 57 2
4 G
14 00
shops and native banks. 7 per cent over 1939. Next In im-Tha. Most of the debts were secured portance were growing vegetables either by guarantors (or" mortgages and cutting firewood, followed by Fri. on land, live-stock arid farm im-weaving, and spinning, small trades
PRE-PAID ADVERTISEMENTS.
The following classes of advertisements we charged at the price given below. SITUATIONS VACANT,
HOUSES AND APARTMENTS WANTED. "
**
HOUSES AND APARTMENTS TC BE LET. MISCELLANEOUS WANTS.
Announcements not exceeding 25 Words are inserted under this heading at a Pre-paid Rate of $1.50 for THREE INSERTIONS. I Charges collected, $2.00.
WANTED
China cities have likewise shown Energetic canvassers-
Girls) for outdoor work. considerable earnings.
100 22,30 In January. 1938, the US De-Box 249 H.K.D.P.
22.30 partment of Commerce made an-
50
58
8.00
744
The total value is $12,275.00,
other estimate, which placed the aggregate American investments around U.S. $202,000,000. In ad- dition, there were US.540.000.000 worth of property owned by Ameri- Hon, A. C. Taylor, provincial can missions and philanthropic or- Minister of Agriculture, announces ganisations.
(Boys or
Apply
WANTED TO BUY
WE PAY HIGH PRICES for all gold and silver articles. Jade diamonds, jewels, watches,
the continuation of assistance to Since the war began. a number fountain pens. Apply Far East farmers in procuring ground Eme- of American firms have set up Diamond and Gold Refining Co. stone and reports that upwards of branches in Free Chinu The Room 621, China Building, 6th 40,000 tons were distributed and Curtiss-Wright Company has in $351 $200 Used
New Brunswick farms vested U.8.$4,000,000 in an aircraft floor. (Store will open on Sat last year. He acknowledged the co- factory in Interior China In days and. Holidays), 8135uperation of the manufacturers addition, there have been four and transportation companies. American government loans in the
WEEKLY RETURNS AND REPORTS
up.
Wing On Textiles (8.
Public Utilities.
11.K. TramwKYS, ........
$15.90
Peak Trams (old)....
$7.
Peak Trams (Dew).....
$34
#513 Star Ferries..
$50
$23
$6,70
$5.70
$5,70
---
$1,20
#22
Rt. H., Flectrics (Old).
XR.
BANK OF ENGLAND
$92)
331 H.K. Flectica(Now)...
$21
LONDON, May 18 (Renter).
0212 $19/19.15
H.K. Electric (Ri»)
. #111
Pabllo · Deprečis
$12
$22
$9
$30
$25.
Cald., Macg. Pref.38)
SI
Craton Tess..
$97
Macan Electrica
Macao Electrics
Sandakan Lights........................ Telophones (old)...... Telephones (DOW).....
Industrials
Cald., Macg. (Ord.) 83
$8.40
$14 Cements.
H.K. Ropes ma
H.K, Govt. Zorna
4% Ховд
$944 31%
804 31%
(1834). (1940). Miscellaneous
H
#171 Dairy Farms.......
Entertainmente
$1.80 Constructions told).
3.
814
***
$22
Other Deposita:--
Bankers
May 8
May 15 (000's Omitted)
12.240
"
113,560
115,300
14.410
115,320
Other Accounta Total
53,960
52,110
167,520
: 107,630.
Government Becarition
102,480
75 ota
Other Securities:-
Discounts- and Advances
19.350
12,250
Bej
Securities
19.790
19,750
Tots)
30,140
32.000
97*
Notes, and Coins
65:856
*52,470
Total Bullion. ....
1.830
1,890
Notes in circulation
625.970
620,420
$17
Ratio of Reserve to Liabilities
91.07%
401
. 188/-
$1.65
81
Constructions (zaw)..
#t
Lane Crawforda... ...
071
***
Nanyang Tobacco.....
$3,05
$2.20
Watson
39.25
28
Ch. G.4% 1925GSBJx
139
H.K. Wing On ....
-$42
'bai Wing Un
#14
BOL
Bills Bought
VA Securities held
Pederal Reserve Ratio
$2.15 Binceres
17.20 | Vibro Piling' ...........................
8/3 Maremans Inv. (Lon
Marsmena Inv. (HK)
Lighta Rta...
+Bale to Shanghai
9/1
$11
Wm. Powells
Price of Gold at which holdings are valued... 168/-
FEDERAL RESERVE SYSTEM
RETURNS
NEW YORK, May 18 (Reuter). May 9 (1940)
"28.82
May 15
May 8 (000 Omitted:
2,467,000 €8.17%
2,184,000
P1.33%*** 2,229,000 22,525,000 18.838.000
2,184,000 01.22 2,230,000
22.533.000
$295,000
8.059,000.
Federal Reserve Credit Cutstanding 2,507,000
Monetary Gold Stocks
Industrial Advances
8,092,000
General Agent: Chan Che Kee No: 4, Lyndhurst Terrace. Tél 26402.
amoudi
WE OFFER HIGH PRICES for any of gold articles, diamonds, silver, jewels, etc. No floor. Tel. holidays. Apply China Building, 7th 30727.
EURASIA GOLD REFINING CO.
FOR JADED APPETITES! .:
HOTELS
REAL RUSSIAN FOOD
Tiffin $1.20 · • Dinner $1.50....
METROPOLE HOTEL
LOST
Gents dress ring between Moody Read and Harbour View Hotel. WE PAY HIGH PRICES Reward. Finder please communi-
cate Box 248 H.K.D.P. for all gold and stiver articles, gold bars diamonds and jewela Apply China Gold Refining Co. Pedder. Building, 2nd Boor, Room 8.
WANTED KNOWN
TO LET Unfurnished from 1st June. 300 The Peak Six roomed bouse in Bluff: Path Fifteen minutes from Tram. Reasonable Rent. Hastings Co. Marina
Experienced Book-keeper- Wants House. Students to form a class. Guarark tee students to keep a whole set of books after completion of a course of 6 months. For Term and Par ticulars. Please Apply to:-Box No. 483 min H.K.D'P
LONDON METALS
Tin
EXCHANGE
London, May 15 (Reuter).
BUTTERICK
231
EXPERT TAILORS FOR LADIES' GARMENTS.
NEW STYLE READY MADE AMERICAN DRESSES
Standard Cash, Middle 16, Wyndham Street. Price, £289-7/8,
Tin, Standard, 3 months, Middie Price, £287-7/8
FOR SALE.
Tel. 23615
AUCTIONEERS-
GREATEST COLLLO TRON HARGAINS IN TOWN!
[3]
LAMMERTS ALL DON HOM
Market steady. Broader demand and good general business, chiefly. for intermediate date. More press- ing private cash sellers again un- |dersold-" Ministry, whose price is
£271-1/2. After hours -- Market|| houtout He
unchanged at steady-30 tons
prices.
F!
TEA DANCE
DAILY
EXCEPT MONDAYS
to 7.30 PM
ENGRAVERS
FEI FEI & CO, Photo Engravers 18, Cochrane Streek.
Telephone No. 22524.
Jimmy's
"Help Your Friend and hia Hobby by giving
POSTAGE STAMPS
for
his COLLECTIONS and
SEEDS
for
his GARDEN We can supply the goods of his and your want
GRACA & CO.
Dealers ·m postage stamps, and
garden seeds etc...... No. 10 Wyndham Street. Satablished: 1806 HONG KONG