1939-01-27 — Page 11

HONG KONG DAILY PRESS

Finance and Commerce

SZECHWAN NOW SALT PRODUCING CENTRE

Company Plans Establishing New Bricks Works

CHUNGKING," Jan,`26 (Central)-With the Japanese seizure of the salt districts in Elopel and In the Hwal River region,.. Szechwan has become the principal salt-producing province in China. There are 26 salt producing centres in the province, the most important one being located at Tzelluching, a small town midway between Chungking and Chengtu.

The salt felds at Tzeliuching date back to the Taiping Re- bellion during the 19th century. At first the necessary labour was supplied mainly by water buffaloes, but modern machines have now been installed at 87, pits, and on top of the Liangkao and Tafenpu mountains are huge windmills, working day and night.

was introduced to the Selence salt felds at Tzelluching by the Chluta Salt Company.

One of the leading salt produc- ing firms in China, this company

Company plans to increase its monthly output to 1,000,000 quin- tals in the not distant future.

Among other things. the com- pany is going to make its own had its centre of production at fire-proof bricks as it is Impossible Taku near Tientsin, but unwilling to get them from Hongkong and,

to remain under Japanese domina- when this is done, the production tion, the company and its bikjof salt will be accelerated... army of star members, engineers

and labouters left that city dur- ing April 1938, and resumed operations at Tzeliuching on Bẹp- tember 18, 1938, the seventh anni- versary of the Mukden Incident.

INCREASED OUTPUT Thanks to the modern and scien tic methods of this company. salt production at Tzelluching has Increased from 280,158.51 quintals per month to 427.717.07 quintals.

The provinces of Hunan. Hupeh and Klangs! used to depend upon the Hwai River region for their salt. As the situation now stands, people in these provinces are looking to Szechwan for their supplies: The Szechwan market extends.

northern Kwangsi as far as and the southern Shensi pro- vinces.

REICHSBANK RETURN

H. K. STOCK

EXCHANGE

There was a slightly better feel- Ing In the market to-day résulting in a fair turnover in Banks at $1370, Trams at $17.40/17.20, Lands at $364, Mectries at $57, Cantons ļat $220, Unions at $466, and

Cements at $16.

BERLIN, Jan. 26 Transocean -- The Reichsbank.

dated return January 23, Issued yesterday show- ed gold stock unchanged at 70.8 but the foreign exchange holdings decreased by 0.7 to 5.7 making the total decline in the note cover by 0.7 to 70.5 million Reichsmarks. The note circulation decreased by 258.8 to 7166.4 million Reichsmarks. The total amount of credit issued as measured by bills, cheques and Investments decreased by 340.6 to 7489.9 million Reichsmarks.

The total amount of the legal tender in circulation returned at 9494 as against 6540 at the same With a view to meeting the in-date last year and 5030 million creasing demand, the Chluta. Salt marks at the same date in 1933.

RADIO PROGRAMMES

(Continued From Page 10)

6.14 p.m. Record When I Heard The Organ Play (Gilbert); Don't Forget The Old Folks Noe! and Pelots-Quentin H. Maclean (Or- Quar. gan with Les Allen and Lette

6.21 p.m (a It's the dreamer in me, b Riffint at the Ritz, tel My Own.. (d) Waddlin' at the Wal-

dorf.

1.

Schumann-Sonata, Op. 11 (a) Introduzione (b)

Aria Scherzo

MEZZO

and

Inter-

2. Schumann-Arabesko, 8.26, p.m. Next week's programme. 8.30 p.m. Chabrier-Cotillon- Ballet Music,

"London Philharmonic Orchestra conducted by Antal Derati. 6.35 p.m. Records Kroatjong 8.46 p.m.

Yehudi Menuhin (Vio, Succeassen (arr. Hodlars); Italianink. Favourites (art. Hedlars)- The Hodlars (Harmonica duet); Finger

Prints Engleman). Rossborough (Piano).

4

The Manila Market was easy. BUYERS

Hongkong Bank, $1375: Canton Insurance, $210. Union Insurance, $162. ILK. Fire Insurance; $170. · HK. (old), $17.

Providents cold), 35.86 HK. Realles, $5.95. H.K. Tramways, $17. » H.K. Electrics, $56.. Telephones cold), $23. Cements, $15,90. H.K. Ropes, $3.90. Wing On (HK.), $36. Entertainments, $7.

H.K. Govt. 3% Loan par Marsmans (Lon), 14/3. Marsmans (H.K.), 2/6.

SELLERS Hongkong Bank, $1390. Canton Insurance, $220. Union Insurance, $468. H.K. Tramways. $17.35, H.K. Electrics, $571. Telephones (new). 58. Watsons, $7.70 Lane, Crawfords. $8.

SALES Hongkong Bank, $1370 75. Canton Insurance, $220. Union Insulance, $466164. H.K. Lands. $381.

H.K. Tramways. $17.40 .20. China Lights (Ex Rights, $8.30. China Lights (Rights). 53. H.K Electrics, $57. Cements, $18. Antamok, Ps. 144). Atoks. Ps. 33.

Bagulo Gold, Ps. 26. Benguet Consolidated, Ps. 13.40. Cheo Grove, Ps. 46). Demonstration, Ps. 221. IX.L. Ps.63.

Paracale Gumaus, P§. 124. San Mauricio, Ps. 1.72. Suyec. Ps.. 21.

United Paracale. Ps. .64. HONGKONG SHAREBROKERS'

ASSOCIATION Buyers

Trams. $17.05. China Lights. $8.30. Electrics, $564. China Light Rts. $3.

Sellers

Trams, 17.30. China Lights,, $8.40, Electrics, $57.

China Lights Rts.. $3.05.

Sales

Trams, $17.20:

China Lights. $8.30. San Mauricio Ps.. 1.68 Itogons Ps. .32

FINANCE.

SINGAPORE STOCKS

The following quotation of 12 leading Singapore stocks received by Messrs. Ells & Edgar from Messrs. J. M. Sassoon & ̈Co.

Singapore. Jan. 20. Rubber Shares

་

Amalgamated Malay Estate

Limited

Kempas Limited Kuala Sidim. Rubber

Middle

Price

$ 1.50

1.75

Co..

Ltd.

2.10

Pajam Limited

1.671

Sungel Bagan Rubber Estate

Ltd.

1.27)

Tapah Rubber Estate Ltd....

Tin Shares

1.70

Petaling Tin Limited.... Sungel Luas Tin Dredging

Ltd.

6.60

1.50

Industrials

Straits Trading Co., Ltd...... 25.85- United Engineers Ltd. (Or-

dinary}

8.40 Wearne Brothers Limited... 13.50

TYPHOID MAY COST CROYDON £100,000 Turkish March (Beethoven- Croydon Finance Committee ha Cartier-Kreis-decided not to appeal against the Patricia Auer); La Chasse

ler; Notturno, Op. 28, No. 1 (Szy-High Court award of damages manowski; Tarantella. Op. 28. against the Corporation in the test No. 2 (Szymanowski)--with Piano action arising out of the typhoid accompaniment by Marcel Gazelle. outbreak.

6.44 p.m. a) At your Beck and Call, (b) I'm gonna lock my heart, (e Goodnight" Angel. (d) Don't cross your fingers.

7.00 p.m.

Quotations.

Closing local Stock

9.00 p.m. London Relay-Food for Thought":

Gold

Raub Australian Gold Min-"

ing Co., Ltd.

4.35 (The above quotations are in Straits Dollars).

ITALIAN COTTON

ת!

Reports have been received Egypt that experiments in cotton cultivation which the Italian Gov- ernment has been conducting in Abyssinia have been successful

JUC-

The Italian Under-Secretary for the Colonies recently stated that the growing of a varieties of cotton in Abyssinia can be cessfully undertaken in a per of districts of that and that the output would be abundant.

IF There are over 200 similar, ac- Mons pending, and the committee Three short talks on matters of promises that these cases will be topical interest.

dealt with as quickly as possible.

It is proposed to raise a loan to cover the Corporation's expenditure. which has been unofficially es- timated at £100,000. A loan of this amount spread over 20 years. 9.30 p.m. London Relay-The would represent a rate of Id in the News.

E.

7.32 p.m. New Light Symphony

9.20 p.m. Studio An appeal on Orchestra with Grace Moore (So-behalf of the Street Sleepers As prano) And Charles Kullman seciation "by The Hon Sir Henry

(Tenor).

Spring Song (Mendelssohn); Herolssus (Nevin); Spanish Dance

Pollock, Kt., LL.D.

No. 1 (Granados); Spanish Dance 9.50 p.m. Luigiak,—Ballet Egyp- No.

2 (Granados)-New Light Lian. Symphony Orchestra conducted by

Marek Weber and His Orchestra.

Eugene Goossens, The World Is 10.65 p.m. Songs by Webster Mine Tc-night (Marvell and Pos-Booth (Tenor),

ford) By The Dark"Lagoon (An Mifanwy (Forster); Pale Moon Island Berenade-Baddeley and (Logan); The World Is Mine To- Leigh Charles Kullman (Tenor) night (Posford): My Love And I with Orchestra, Love, Here Is My Film Give us this Night')-with Heart (Ross and Silesu-Charles Orchestra accompaniment Kullman (Tenor)" with Orchestra and Organ cond. by Joseph Bat- ten. "Cavaleria Rusticana"-In- termezzo (Mascagni); Barcarolle, "Tales Of Hoffmar"-Offenbach) -New Light Symphony Orchestra.

PAPYRUS IN CAVE

Light On Egypt Of 2,000 Years Ago

num- country

ITALIAN COAL

Imports of coal and coke into Italy during the first six months of 1938 amounted to 6,354,423 metrte tons, compared with 5,940,652 metric tons in the Ilke period of 1937.

10.15 p.m. De Groot And The Light has been thrown on the New Victoria Orchestra.

ancient Egyptians' methods of Other Days (Selection of Populand control by a complete papyrus lar Melodies-arr. Finck).

10.25 p.m., Dance Music.

manuscript la demotic characters, probably written in. Ptolemaic

Every effort is being made to replace foreign cost by nationa! fuel for both Industrial and household purposes.

The End Begins (from "The King Fox-Trots The Tea Dolls' times. It was discovered on the -steps out'); What Shall Remain? Parade; The Jester Bravour ancient site of Hermopolls by the (from "The Kind steps out; Dance Orchestra. Fox-Trot-Moon Egyptian University Field Mission Funteul!, Funicula (Denza)-Grace (For Sale; Waltz-A Beautiful Lady Under Prot, Samy Gabra, Moore (Soprano) with Orchestra. In Blue-Roy Fox and His Orches- The manuscript, which is Bit "Princess Ida"-Selection (Sull-tra with Vocal Refrain: Fox-Trots long, contains on one side the van)-New Light Symphony Or--Dangerous You (from Follow the text of a law defining relations chestra cond. by Dr. Malcolm Bar-Sun"); Love Is A Dancing Thing between landlords and their ten- gent. Ah! Sweet Mystery Of Life (from Follow the Bun'); Tango ants, with instructions for payment (Young and Herbert); Goodnight Fox-Trot Marilou; Fox-Trot or rent and the regulation of dif- (from The Cousin From Nowhere') Rhythm In My Nursery Rhymes—ferences. -Charles Kullman (Tenor) with Roy Fox and His Orchestr with The other side is covered with Orchestra. Salut D'Amour (Elgar); Vocal Refrain Waltz-The Familly drawings showing methods of land Berenade (Pierne)--New Light Album (To-night at 8.30-Noel moangrement and assessment of Eymphony Orchestra.

Coward): Fox-Trot-You Were renta

8.00 p.m. Local Time

There (To-night at 8.30-Noel The discovery was made in one Signal. Coward)---The Phoenix Theatre of the many caves which exist in Orchestra, London. Fox-Trot-the hills on each side of the River

Weather. Report and Announce

ments.

Bird On The Wing-Roy Fox and Nile, called "Archives of the Dead," 8.03 p.m. Studio--Plano Recital His Orchestra with Vocal Refrain. in an area reserved for the worship

of Isis,

by Lya Gurevitch.

11.00 pm. Close down..

fi

In this connection experiments are now being made with Sar- dinian coal and ignite for use In the furnaces of glassworks in Tuscany,

H

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