1938-12-05 — Page 11

HONGKONG DAILY PRESS

Finance and Commerce

U.S. Urged To Build

Emergency Reserve Of

Needed Raw Materials

war

The possibility that the next session of the United States Congress will appropriate funds for large scale purchases of strategie materials has been enhanced by the recent action of the U. S Chamber of Commerce recommending · the establishment of an adequate emergency reserve.

Means of solving the shortage in many" raw materiais essendal to industry is being studied by a special Senate Committee and a report will be made to the next Congress. Meanwhile, the Chamber of Commerce-offietal organization of America's "big business"-has adopted a resolution warping against the possible crippling of Ameri 'can Industry. In the event of a sudden major" war, as the result of

such a shortage.

.."

It has been unofficially estimated | advisability of maintaining, in the that an "adequate reserve Supply United States, reserves at products would require at least $300,000,000 that are not perishable. worth of purchases. There is little kelthood that the next Congress will appropriate more than a small

practically

SHARE MARKET REVIEW

"MARKET FIRMER

BY C. A. L. RICKETT Secretary, 11ongkong Sharebrokers' Association

FINANCE

The Japan Hotel Association

IN JAPAN

AKAKULA

MEMBER HOTELS"

(58 members in al}} KOBR

Oriental Hotel "Tor Hotel

† Akatura Kanko Hotel Kroo

ÁTAMI

Alami Hotel

Mamapei Hotel HIPPO (Kyushu)

Kamendi Hotel CHULEN (Nikko)

Lakeside Hotel Fort FY CAKES

DISTRICT

Fuji Now Grand Hotel

(Lake Yamabakaj

Faji

Dec. 3.

After a "quiet week the under- tone of the market is considerably Armer at the close of business to- day. Buyers are more in evidence but in spite of a more optimistic feeling, the turnover nas been small as holders, are disinclined to part with their shares at quoted prices.

Hongkong shares changed hands at the improved price of $1,300. Wharves were wanted at $116 with sellers at 118. Lands came to business at $341, wich further en- quiries at this figure. Electrics

and Watsons at $6.00. Providents were steady at $5.30 for the old shares and $5.10 for the new.

BLOCKADE QUESTION "America's geographical location, fraction of that amount as a start with coast lines on the two stea had buyers at $56), Trams at $15), er unless the international situa- ocean trading areas of the world. tion becomes extremely acute. is of decided advantage in that Of the United States' ten leading complete blockade of our shores imports, six are classified as "stra- becomes

impossible. tegic" or "critical" materials neces- Sufficient nations are included in

There has been a steady demand sary for the successful conduct the list of suppliers so that only a for Hotels at $8.35 and for China of war. The six products, and the considerable combination of na- tights (o) at $10.80. China Under- leading suppliers to the American Lions arrayed against the United writers reacted unfavourably to market, are:

States could effectively control the announcement of a call of $1 Rubber-s British

Malaya world supplies of all of these pro- per share payable next March and Netherland East Indies and Ceylonducts to the point of disaster to had sellers at 75 cents although

Coffee Brazil, Colombia andļus,"

no sales have been recorded at Mexico

this figure.

Silk Japan, Chia hand Italy. Tin British Malaya, United Kingdom and the Netherlands.

Wool---Australia. Argentina and the United Kingdom.

Wides and Skins-Argentina! British India and Brazil.

CRITICAL NEED

"For the continued operation. of Industries supplying military items in Ume of war and for, the feeding and health of hóth the military and civilian po pulations, certain imported commodities must be avail- able." the Chamber of Com- merce sald in its report which was widely circulated among members of Congress and ad- ministration officials.

"For many of these no strable domestic supply and no acceptable substitute is at hand.”-

a

The report points äut that at the same time this country's ability to withhold from hostlie power or powers natural and manufactured products of which the United States is the leading world supplier "constitutes an economic wea- pon that might end & war against us or disenurage a war contemplated."

"In the war offices of the world powers," it said, "the strategy of essential materials and of finances ranks second only to the strategy for men, guns, ships and planes."

The Chamber's statement said that to be effective, in time of war, the United States' potential econo- mic strength must be mobilized and, co-crdinated in accordance with some definite pre-established plan, acceptable to both the mili-

tary and civilian population.

TRANSPORT FACILITIES

:

Gold mining stocks have been teady.

Fluctuations have been small but the tendency continues towards improvement.

The following dividends. have been announced, payable on 20th December. San Mauricio five cen- tavos, United Paracale and Coco Grove two centavos each. closed quietly, steady.

Market

ANGLO-GERMAN

TRADE TREATY

POSSIBLE

London, Dec. 3. "The "Financial News" un- derstands that trade talks be tween Britain aid Germany may result in an agreement covering all world markets.

The journal adds: "Unofficial ex-

Other materials necessary for an adequate reserve include antimony. The statement pointed out that camphor. chrome, lodine, jute, the United States has the world's planatory conversations have been manganese, Manila fibre, mercury, greatest network of transport going on for some time.

"It is now revealed that Britain mica, nickel. nitrates, opium, pla-tacilities. adding. "The fact that tinum quinine, shellac and sisal..the rolling stock of our railroads, throughout insisted that the world "The critical need for these pro-the huge number of motor vehicles trade of both countries must be

covered by any agreement. ducts in time of emergency." the in the country. and our civil Chamber" said. "gives rise to two aircraft would be available for de- problems; one, the maintenance fence operations contributes to the of access, in time of war, to the certainty of quick mobilization of supplying nations, and, two, the forces at coastline or land bor-

der."

ADULTERATED FOOD AND DRUGS

Amendments To

Ordinance

al

"Germany, however, desired the scope be limited to trade between the two countries.

"A virtual deadlock was in fact reached at the beginning of this It is said that the United States week. But it is believed that the haa 3,005,000 miles of roads suitable speech of Mr. R. S. Hudson, Secre- for motor vehicle traffic, compared tary of Overseas" "Trade, in the with 1,682,000 for Russia, which is House of Commons on Wednesday the only other country having more caused some change in the Ger- than 1,000,000.

man attitude,”—Reuter,

In 1937, the United States had 28.521,000 automobiles out of E world total of 40,560,000, including passenger cars, motor trucks and buses. Rallway mileage in

the United States is estimated around 242,000 miles, against 52,000 for

MEASURES AGAINST BOGUS NOTES

Chungking, Dec. 3. "The Chinese Government is talding appropriate

The "Government Gazette" notl-Russia, 42,000 for Canada, 30,000 nes that in exercise of the powers for India, 27,000 for France and considering conferred by section 3 of the Australia, 25.000 for Argentina, and measures regarding the action of Adulterated Food and Drugs Ordin-20.000 for Great Britain.

the British Municipal Council at ance, 1935, the Governor, in Council At the beginning of this year the | Tientsin in agreeing to accept the makes

United States had 10,836 civil sero | Japanese-sponsored· "Federal Rel further

planes and 63,656 miles of air serve Bank" notes in payment of amendment of the regulations made under the sald Ordinance routes, compared with 2.607 planes, taxes and bills, said a Chinese published as Notification No. 940 in and 32,800 miles for France:

Government spokesman-Reuter

the following

the Gazette of the December 6, 1035, as follows:-

1. The following paragraphs re- scinded by Notification No. 218" of the Gazette of the 2nd April, 1937, are restored to regulation 1.

(xxvi) Vinegar is a liquid derived wholly from alcoholic and acetons fermentations. It shall contain not less than 4.0 grammes of acetic acid in 100 cubic centimetres of the

shall vinegar. It

not" contain arsenic ini amounts exceeding 0.0143%. It shall be tree from Copper, lead and any other foreign substance, except caramel. It shall contain no sulphuric or other mineral acid..

xxvi) Malt Vinegar shall be vinegar as defined above, derived wholly from malted barley or whol-. ly from cereals the starch of which

Has been saccharlfed by the. dlastase of malt.

2. The following is added at the end of régulation 1.

of

Nothing in the definitions "Vinegar" or "Malt Vinegar" shall apply to Chinese Native Vinegar sold as such under the names of Pak Ts'o and Hak Ts'o provided it is not supplied, sold or exposed for sale under any title or description containing the word "pure" or its equivalent, or as implying that it is "Vingar" or "Malt Vinegar" as herein before defined.

THIS WILL

INTEREST

YOU!

View Hotel

(Lake Kawaguchi)

FUKUOKA

Kyoshintei Hotel

GAMAGORI

Gamagori Hotel Giu

Nagoragawa Hotel KAMAKUKA

Kaihin Hotel KAMIKOCHI (Japan Alpa}

Kamikochi Imperial Hotel

KAZATNU (near Fukuoka) Karaten Seaside Hotel KARUITAWA

Mampei Hotel

Maknas Hotel KAWANA

Kawana Hotel Kosuna (midway

between Osaka und Kobej

Koshien Hotel

Kyoto Hotel

Miyako Hotel

Kyoto Station Hotel MATHURIMA

• Park Hotel

MITAJIMA

Miyajima Hotel MITANOSHITA (Hakoue)

Fujiya Hotel

NAUOTA

Mampai Hotel

Sagoya Hotel

Nagoya Kanko Hotel

NARA

Nara Hotel

NIKE

Kanuya Hotel

ORAXA

Dobuil Hotel

Hotel New Osaka

Onaka Hotgl

OTY (Bear Lake Biws)

Hotel Cake Biwa

APFORG (Hokkaido) SAPFORG

Sapporo Grand Hotel SHIMONIER!

Sanyo Hotel

TAMANAZURA (Noar Robe)

Τόστο

Takarasula Hotel

Imperial Hotel

Mampai Hotel

Omori Hotel +Sanno Hotel

Tokyo Railway Hotel

• Open in summer only.

* New members.

UNIEN

Kynahu Hotel Sain-yu Hotel

Unison Hotel Unsen Kanko Hotel Yumei Hotel

YOZQHAMA

Hotel New Grand

.. IN TAIWAN

(Formosa)

TA‡UORU

Taihoku Ballway Hote

ilano

IN CHOSEN

Heijo Railway Hotel KELO

Choson Hotel

IN MANCHOUKUO

DAIKEN

Yamato Hotel HARDIN

Yamato Hotel

HOSHIGABRA'

Yamato Hotel HOTEN

(Makdon) Yamato Hotel

HRINKING

Yamato Hotel

IN CHINA

TAINTAO

'Tinto Grand Hot 1

For information, please apply to Secretary.

The Japan Hotel Association

Care Traffe Burazu, Department of Hallways, Tokyo

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THE

CHINA

JOURNAL

MONDAY, DECEMBER 5, 1938.-PAGE 11

LAMMERTS' AUCTIONS

PUBLIC AUCTION.

THE

*+*

HE Undersigned have received

instructions

to sell by

PUBLIC AUCTION

on

TUESDAY, the 6th DECEMBER,

1938.

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5 Cases Cotton Grey Duck

6 Cases Flavouring Powder

1 Case Torchlight Lances.

2 Cases Porcelain Wave.

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2055

AS

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THE

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10

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1938.

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INTRIGUES ON THE ROOF. OF

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SOME OBSERVATIONS ON THE WINTER BIRDS OF PEI HAI PARK, PEKING

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