PAGE 10 HONGKONG DAILY PRESS
NEW RECORD LEVEL IN GOLD OUTPUT
of
Bulletin of According to the June issue of the Monthly Statistics of the League of Nations, the world production gold continued its upward trend in 1940 and reached a new re cord level. The approximate total for the year was 40.2 milliun Deary double the production of fine ounces (1.3 motion kg.) or
ten years before.
were re-
and regular slow Was States, it The Union of South Africa mains by far the most imporant hat, by the end of April 1941. producer with 14 million umes, had reached 40 per cent.
The largest increases (437,000 kg.), followed by Canadaj
ounces (184,000 corded in some of the belligerent with 5.3 million
Turkey in Rumania, kg.) and une United States with | countries,
and, ou lesser extent, in Den 4.8 million ounces 1150.000 kg..
re-mark.
Finance and Commerce
LONDON STOCK
EXCHANGE
(REUTER'S SERVICE)
Londen, Sept. 9. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission.
G.9.5.R Production to the
In most countries of the British also in and mains uncertain, owing to luck f
Commonwealth, be 1: Tray' recent official dala,
fourt: | Sweden and Switzerland, the ris the assumed tu orcupy
as compared with the end of 1937 tank in world production and un have attained its highest level in did not exceed 50 per cent.
During the Arst few months of 1938.
Lize Index-numbers of the Whereas output in the Union 1841.
value of shares stood uf South Africa
Ba
1rressed market
wi.hout
interruption during above the 1937 averages in abou
halt the countries for which such Chin 44 Anglo-French with tow years.
the last
Loan. 1908 avaliable--Germany, Agures BLIT that it was nearly one third larger in 1941 than in 1931, the crease Belgium, Denmark, Norway in certain older
been even ore pronounced
resul
£
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
SEPTEMBER 10, 1941.
> London :--
+
THURSDAY, SEPTEMBER 11, · 1941,
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE,
Bayers Hollars
INDIAN TEXTILE 450
INDUSTRY
Growing Disparity
Of Prices
POMBAY, Sept. 10
nends
Bank Bills, on demand 24 15/16 Credlis, 60 days' sight 245/ Batavia-
..... 48 3/4
Bank Bilis, on demand Nom. Credits 4 months sight Nom.
a Saigon:--
Un demand............ 106 Manila:-
Market Report
FROM ROZA BROS.
Wednesday, Sept. 10.
unchanged Silver prices yesterday. the quotations remain-
(Reuter)- The new Raj supply member. Mr. Mody, is having a conference with Indian textile interests to discuss the problem of the Increasing de- war meet. mand for textiles to
inflated tex- needs and regulate
and civilian tile prices following the stoppage of Japan- ese Imports.
The ma problem facing the Raj and Indiar. textile industry is the growing disparity of prices of textiles fixed by the Supply De. partment and the prices of textile
con goods available for civilian sumption.
Prices of cotton textiles ended i for civilian needs have shot up in recent weeks and It is generally felt the Raj should regulate the prices and, if necessary, introduce Mr. Mody in addressing the con trol.
PREDOMINANT POSITION The predominant position which India occupied today as и source of supply for eotton textiles th Eastern Group countries, both in respect of elvil and military re- quirements. was emphasised by Mr. Mody in addressing the con- ference,
He felt confident that the tex- ing at 23.1/2 for Ready and 23. tile industry is going to play its
Silver advices part at this critical Juncture. 7/16 for Forward.
Da
Telegraphic Transfer. 162.7/ Bank Bills, on demand 1/2 7/ Credits 4 months' sight Shanghai: --
On demand
480
Ja Bingapore :~~~
War Loan, 31%
after 19521 Defence Loan. 3% Canton Kloon Rly. 5% Chinese 44% Gold Loan
1898 (Erit. Issue) Chinese 5% Gold Bonds.
1925:47
{Red
On demand
b2 3/4
106
un Japan:-
1014
On demand
2 1/4
19
Jo India:-
Telegraphic
Transfer.
47
and demand
82 5/8
a New York:-
45
46
countries
has Netherlands,
Switzerland
Colom
the Chinese 3% Crisp Loan
1912
On demand
304
Ja Purie:-
bia and Mexico
11
America
African
territories Tanganyika and Kenya).
BELOW LEVEL Thus, during the isst ten years
that below WAS North production nearly doubled, in South America, Canada, the United States. Chile
Japan, Hungary, Portugal, Ruma-Chin. Imperial Rly 5% and. probably. And i
and Oceania
it! 11 United Kingdom early trebled,
Sweden The development was still more;
United States, however, In the
connected spectacular to some of the minori
of companies eg various ares producing countries,
(including; with the construction of afreraf Chile, and shares of shipping and ship the Philippines the Fu Islandsbuilding companies.
Lovel
in
Chinese 5% Reorg Loan
1913 (Ldo Ta.) Chinese 8% Ster. Notes (Vickers) 1925
38
10
of
from March 10 April
and New Cuines
The aggregate contribution these secondary producers to the world tolal tends to become more and more importam
The
UPWARD MOVEMENT
monetary circulation. ilustrated in grapt monthly data
for 23
General indices DI Industrial Shal-N'king Rly. 5.
(Brit Stpd.) production went up 6 per cent Tientsin-Pukow Rly 5% the Unilen Bustes from April tu May and 5 per cent
(German Issue) were 25-35 Lung Tsing & Rly 5%, 1913 per cent above their 1937 level
Loan Honar Rly. 5% 1905. Hukuang Rly. 5%. 1911
(LP NY Issue) Hakuang Rly 5%. i
57
On demand
...... 43 7/8
14
r. Bangkok:---
On demand
148
15
On Sterling Notes:-
1911
Bank Buying Rate...
13
Jar Bliver per os
Now. 23 1/2
U Hai
13
11
124
in Canada Tientsin-Pukow Rly 5%
(German Stpd.)
were
121
trom the end of
of
In Denmark between March and Tientsin Pukow Rly. 5
(Brit, Stpd. Supt. Loan> as April the increase was 3 per re
production and 8 per Tientsin-Pukow Rly 5% Lotal grouping for
for investment goods countries cent
While stocks 1837 to date.
123
(Cer. Stpd. Supl. Loan) non-ferrous Jap, 8%, Ster. Loan. 1924
124
27
reported the market as being quiet. American Silver was quoted at
everywhere
&
34.3/4 for Spot,
showed
an
novement.
94
The Longen-New
York
cruss
countries.
& 'ha! Banking Corp. (Lan. Reg.) Increased un- interruptedly since the beginning RK.
Feb. 1940 and the of 1940: between
rate was quoted at 402,1/2. York-London was quoted at 403
New
EXCHANGE
London, Sept. 9 (Reuter).
77
Tin.
Standard, Cash,
& Shal Banking Corp. (Col. Reg.)..... Chinese Eng. & Mining
(bearer)
1/4
MARKET
Price,
buyers
£257-3/4.
84
£258
Quiet
STERLING
13/6
Chosen Corporation
4/-
6
Mercantile Bank of In-
dia. £5, "C"
1111
Cash
Pekin Syndicate
1/-
B'bal Elec, Constr. Co.
15/
Selling rate
to Merchants 25-
S'hal Waterworks "A"
15
1/36.
Unton Insurance
22
Gula Kalumpong Rubber
15
Tin, Standard, 3 Months, Middle Price.
€200-1/4, sellers buyers
There were sellers at 1/3 up to £280-1/2. October, buyers at 1/3.1/32 for
Market firm. "
U. S. DOLLARS
H.K. Stock Exchange
Lon. Mid & Scot., Rly. Great Western Riy
14-7/8
National Bank of Indio
401 32
B.-A. TOD. (bearer)
90,71
Dunlop Rubber
35/9
Bristol Aeroplane
10/9
Mr.
Imperial Chemical Ind
31/9
23/7/
57/0
Marsman Investments
6/3
19/-
London
143/9
New York
* Trad
Japan
62/6
India
i ex div.
Parts
Hongkong
Doeks $17.90.
Opening
0/3-5/32
5-5/18
unqucted 17-1/2 unquoted 21
Hata
E210 V'day'■
Ники Doyed.
SHAREBROKERS' ASSOCIATION
WEDNESDAY Bayer Beller Shorel
10 SEPT.
Ranks
$14801.K. Banks
384
£77
£0
223
B11
$76
Do. (Col. Reg.)... Do. (Lou. Reg.) Chartered Banks ...... Mercantile Bks. "A" Mercantile ka, "O" Bank of East Anis..
N. C. & B. Danke.....
Insurances
-
TH
18 et.
B1460
£84
£77
XD.
870
$30
8433
$230 Canton Insurances.... $433 Union Insurances.....
$230
8437
81
Underwriters.......
176 ola
$185
$185
H.K. Fires.
$185
Shipping
·$120
Douglasss
$120
810
Steamboata
10
$10
indo-China (Prof.)..
$90
Indo-China (D) Shells
$70
52/6
$64
!!: !!
670 52/6
86.55 Waterboats RAMANA
Docks, Wharves
Godowns, etc.
893
$6,85 217.90
$7
#02) $3.80/90
1.K. & H. Wharven.
892
Providenta
$9.85
61/6.80..
$16 $17.80
H.K. Docks (Old)...
$17.80
$17.70
B.K. Docks (New).
8316
$31.60
13/
87
Kailann Raube
13/6
87
#7
C.D.
:
+Shanghai Docks....
Mining
2 ota. Hong Kong Mines.
Lands, Hotels and Building
881 #364
43.70 H.K. & B. Hotels....
$3.70
#3
8904
H.K. Lands.
$30
887
Do. 4% Debentures
3074
$28 Shanghai Lands.
23.60 $7
83
H.K. Realties.
87
Humphreys...
$7,40
FRE
$98
Chinese Estaimo.
$43
wo (8.)
Cotton Mills
8200 Bhai Cottons (8.)...
Zuong Bing (S.)........
$48
#305
al
Wing On Textiles (8.))
8125
Public Utilities
$17.40
$17
H.K. Tramway......
$17.40
$17.40
87
Peak Trama (old)....
87
$21
Pask Trams (new)
1
85
Star Ferrins.
8406
Y'mati Ferries........
3224
26.66 $6.85
$8,36 China Lights (0) BB
$6,50
#14
812
Chin
$1.75 (New)
81.75
LONDON METALS
X.D.
82
H.K.R.(0)
$21.90
$21 $22
$21
H. K. Electrica New)... 21
સારૂં
8111/30
818
Macao Electrica
H.K. Electric (Rts )| #11)
#11,30
Macao Flectrics
Middle
$123
Sandakan Ligbta......
sellers
1124
Telephones (old)........
$23.80
391
Telephones (new).......
Industrials
845
Cald., Macg. (Ord.) 8.
:
€85
Cala., Mang. (Fret.)8
81
Canton Icas.....................................
75 ata.
$164
815,20) Cementa
$15,65
$16.85
$9.80
19.6.K. Ropss
$9.70
$0.90/10
H.K. Gort Lossa
$101% o
$100
...
800 31%
#
$DU
181%
(1984). (1940) Miscellaneous
898 *99
#191
Dairy Farms......................
|819,15 819) #19)
Wednesday, Sept. 19.
BUYERS
80%
tiqtertainments
86,60
81.8
Constructions (old)....
$1.60
"ו.
180 ots.) Constructions (now)...
16.45 Lane Crawford....
$5.45,
82
Nauyang Tobacco... Sinceres
$3.60
$2,30
812.46 8122
$13/12
$12.956
$12/12.35
#43 888
Ch. 0.5% 19250$Rds. I.K. Wing On
43%
$42
S'hai Wing Un......
$14
upward metals in the United States have Ger. 7% Intl, Loan, 1924 tended to diminish during the last Chartered Bank
The extent and rapidity of the few months, stocks of rubber in H.K. ruse naturally varied according to that country have
In Argentine artd Brazil rise was negligible. in the United Mar. 1941, they nearly trebled.
Water Boats To Be Used In Singapore Emergency
A final dividend of 75 cents per share, absorbing $78.300 of $162.181.6 profit made during the year, was declared at the 18th W. flammer and Co., Ltd., held in general meeting of Messrs. Singapore.
This dividend is in addition to the interim dividend of a similar amount paid on Jan. 31 this year.
Speaking at the meeting,
W. McArthur, the chairman, suld BRITISH LARDER United Steel
that this year's profit together with the amount carried over the previous year gave a credit in the profit and loss account of $239.- 128,12
and war
thai the com- He remarked pany's fleet of water boats had beon gafeguarded against loss by enemy action or mines, risks Insurance had proved a con- siderable item of expenditure dur ing the year.
WELL STOCKED
Woolworths
Western Holdings
EDINBURGH, Sept. 9 (Reuter)- Sub-Nigel
TTAU Lord Woolton. Minister
of Food Shell
(bearer› bere
said speaking
yesterday.
* bld. "As we enter the thing year of the better war the stocks of food are
agu than they were 12 months despite the heavy calis we made on our shipping resources for war
All water boats had been fullspurposes during that period. employed and working to max mum capacity. They had suffer- ed no mechanical breakdowns and
"At the end of the second year
war. bread, which is more Pendent on shipping than
de-
апу
SUGAR PRICES
NEW YORK SUGAR
New York, Sept. 9 (Reuter). Raw Sugar Centrifugal, ship- ment from Cuba, e. and f. New
had been run on the same econo. other food, is available in plenty-York, duty free Spot 3.50 N.
mic basis as hithertu.
La Cast of emergency in Singapore, Mr. McArthur an- nounced, the company's fleet would be utilised, in conjunc- tion with the Municipal Fire Brigade and A.R.P. organisa- tion, for the protection valuable property on the front and of shipping at an- cher in the roads. The neces- sary arrangements had already. been made with Government.
of
503
We are the only nation in Europe eating more bread than before the war:"
MODEL PLANE
FACTORY
(Contract Raw Sugar Futures No. 3) Range: Sept. 2,73b/80a; Mar. 2.78b/80a; Jan. 2.78b/79a; May 2.80b/82a: July 2.83b/850. Sales for the day:-63 lots. Raw Sugar Futures (Contract 2.14b/15a; Mar. 2.11b/12ha:
No. 4): Dec.
May
The educational authorities are 2.11b/12ła; planning to set up a factory in July 2.12b/13a.
Chengtu for the manufacture of B-bid. A--asked. N--nominal. model planes. Two model plano experts Messrs. Chuan Lu-sze and
Five water boats had been mo-Chow Chin-chien have been en dernised by structural alterations gaged.
and a new craft was on order from
Model planes manufactured will
Hongkong and would be delivered be supplied to middle and nrimery curing the year,
schools to arouse the students' interest in aviation (Central
Speaking of the financal post tion of the company Mr. McArthur (News),
Bald that cash with bankers and
to hand, standing at a figure of ECONOMIC MISSION
$140,141.51, was nearly double the
Scorresponding figure last year.
WORLD WHEAT FUTURES MARKETS
Winnipeg, Sept. 9 (Reuter). Oct. per bushel 73/734. Dec. per bushel 748/741. May per bushel 78/79.
Chicago, Sept. 9 (Reuter). Sept, per bushel 1204/1201 Dec. per bushel 124/1241. May per bushel 1281/1282. Highest (Dec.) per bushel 1242. Lowest (Dec.) 122). Monday's sales: 2,190,000 bushels.
TO INDIA Mesars. The party of Chinese Industrial The meeting re-elected McArthur and J. D. P. Nisbet as leaders to inspect economic and members of the board of directors, industrial conditione in India and Mesara. Evatt and Co., were re- Malaga, now under organisation will leave for Bombay in October, appointed auditors,
a tentative plan according to formulated by them.
The plan together with es-Oct.
SHANGHAI DOLLARS
512.1/2 sellers.
SHANGHAI MARKET
Official rates. Sterling sellers at
: 3.5/32 and US. Dollars at 5.5/16.
Shanghai Exchange
Shanghal. Sept. 10 (Reuter).
official T.T. Rates
Silver Daty Rate
The Central Bank of China's rate on, London at 10 am, todav was 1/2-1/2d.
The Equalisation rate was 24-1/2 per cen
India Rupee Paper
Bombay, Sept. 9 (Reuter). Govt. 3 per cent. Rupee, 96-0-0
SILVER MARKET LONDON SILVER London, Sept. 9 (Reuter). Silver-Market gulet with very small trade order supplied by pro duction.
Spot, 23-1/24.
Forward, 23-7/16d.
BOMBAY SILVER
Bombay, Sept. 9 (Reuter).
Market-Steady. Oftake 50 bars.
Ready
Indian Mint Silver
82 14-0 Sept. 17 Settlement .... 32-15-0
'HK. Banks, $1,450. Canton Ins., $230, Union Ins., 3433.
H.K. Fire Ins., $185. Wharves, $93.
Providents, $6.90.
Lands, $86.75.
Trams. $17.40.
Yaumati Ferries, $23.25. Lights (Old), 36.55. Lights (New), $1.75. Electrics (New), $21,50. Electric Rts., $11.25. Telephones (New), $9. Céments, $15.76. Ropes, $9.65. Dairy Farms, $19. Watsons, $12.45.
SELLERS
Lights (Old), $8.85. Watsons, $12,60.
SALES
H.K. Fire Ins., $187.50. Wharves, $94.
Providents, $8.90/7. Hotels, $3.80.
Lights (Old). $6.55.
Flectrics Rts., $1130/35. Telephones (New), $9.25/9. Telephones (Old), $24.25. Cements, $15.75. Watsons, $12.50/60.
::
HONGKONG
$7.20 Vibro Piling
4/3
1/6
814
Marsmans Inv. (Lon.));
Maremat Inv. (H.K.)
Wan. PowsBa...
N.A. Chemicals (HK)
t8ale to Shanghai
SHAREBROKERS
ASSOCIATION
Volume of Business Transseted on Wednesday, Sept. 10, 1941, SALES China Lights (0) ..... China Providents ...
CASH DIVIDENDS DECLARED
Marsman Hongkong China, Ltd, advise that the following compan- . les have declared cash dividends:-- Itogon Mining Co., 0.02, payable on Sept. 17 (record of Sept. 10, 1941); Suyoc Consolidated, 005, payable on Sept. 22 (record of Sept. 15, 1941); Coc Grove, Inc, .005, payable on Sept. 29 (record of Sept. 3,000 18.00 20. 1941); United Paracale, 015 payable on Sept 30, (record of 21.85 Sept. 20, 1941).
500 3 6.60 300 -7.00 500 -7.00
500 15.75
Cements
H.K, Docks
200 18.00
Electrics (0) X.D.
300
Mectrics Ets.
500
11:30
H.K. Hotels
H.K. Telephones (0) ELK, Realtya
5,000
The total value is $59,167.50.
500 3.80 Prices of apples, plums, and
24.25 200
damsons are to be controlled 500 3.67 throughout the forthcoming season. announces the Ministry of Food: Growers and distributors will be consulted
INDO-CHINA
Oct. 14 Bettlement. 62-15-4 STEAM NAVIGATION COMPANY LTD.
RESERVE BANK OF Operating Services for Cargo and Passengers
INDIA STATEMENT
Calcutta, Bept. 9 (Reuter).
Aug. 20 Sept, D Notes in circulation (including Noter AMERICAN COTTON FUTURES
held in the Bank- ing Department)... 23,803 28.230 New York, Sept. 9 (Reuter)..
Opening Closing Rupee Coin Bulion
in India... 17.82/83 17.00/98 | 18.03/00 18.17/19 Gold Coin and Bul- "Hon in Inala:WWWW 18.11/12 18.24N
(Indian
PAPER PROFITEER timates of expenditure has been Dec.
A fine of £000, with 671 scats, submitted for was imposed at Manchester Robert S. Henderson (trading
on Ministry
of
approval to the Jan, Economic Affairs Mar.
as which has in turn referred to May July the Crimp Paper Works), of All the Executive Yun Baints, Manchester; on a
charge The party will frat visit DomSpot
3,840 3,776
......, י, .
4,441 4,441
18.25/24 18.38/39 Securities
Government) 7,8497,840 18.30/30.18.49/50 18.42/45 18.50/50 Becurities (British
18.01-
of pronteering in newsprint and bay, after which they will proceed Highest (Dec;} + \... brown paper
on to Calcutta, Ceylon and other Lowest (Dec.)
18.20
17.01
It was stated that he sold the cities in India On their return T/T on London (Closing) 4.03-3/4 haber at over-control prices, even journey they will visit Rungon silver, Official Rate 34-3/4 Farber he had been warned by the Singapore, and other clics in London, Sept 0 (Router),
unistry of Supply.
Malaya
Ailver, Spot On
18,102 18:169' Government)
Figures in Lakhs Rupees)
LONDON GOLD
London Sept. 9 (Reuter), Bar Gold, Fine per oz. 168/
TO
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
"KOBE and OSAKA
SINGAPORE, PENANG. and CALCUTTA SANDAKAN
HAIPHONG
All steamora borth alongsitio the Roosevelt Terminal in the French Concassion at Shanghai, whore passengers and cargo aro landed.
For further particulars"
please apply tow