HONGKONG DAILY PRESS
Finance and Commerce
STARCH TO BE PRODUCED SHARE MARKET FROM SWEET POTATOES
LAUREL, Miss-Belure the industrial chemist went to work
on it, the chief claim to fame of the southern sweet potato was
35 a table delicacy.
The table varieties are just as Sweet potato starch cost 13 cents tasty as ever, but other kinds-those pound to make the first year of lower
in sugar and higher in production, but last year it was cut starch content-give promise of ujto 3., cents, and experts' hope to new industry that may put a few drop it even lower. extra million dollars into the poc→
REVIEW
FINANCE
HONGKONG
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted for the week" ending February 10
STOCK
Hongkong Banks
Hongkong Fires
Electrics Lands
No. of Shares
Price
5
50
384
$1410.00 .175.00 59.50
to $58
200
38.50 to 36.25
Trams
400
17.40
Telephones (Old)
200
23.25
Dairy Farms
100
23
Hongkong Docks (Old)
500
17.50
Bank of E. Asla
50
56
Watsons...................
DCO
8.10
to 7,85
Hotels
1.000
8.85
China Lights (Old?
1,991
8,90 to 8.75
China Lights Rights
768
3"
4:000
8.40
to 8.70
500
4,25
13,150
.521 to
.70
800
3/-
Marsman Invest.
300
13/9
H.K. Govt, 34: Loan Antamors....
$8.000
par
2,300
Ps.0.43
to Ps.0.44
Demonstrations
10,000
21 to
20-4
United Paracale
7,000
.70 to
.6"
N. Camarines
1,000
HA
N
Itogons .......
'3,000
32
Paracale Oumaus
12,000
.14
50,000
015
BY C. A. L, RICKETT Secretary,.. Hongkong Sharebrokers' Association After the rather mare active market experienced during the
cond!- previous fortnight quieter
week tions prevalled during the under review. While there has been a decrease in the volume of Since the starch turns to sugar
business recorded for the week! in stored sweet potatoes, the yearly kets of farmers.
prices on the whole hayr been That hope is the manufacture of operation of the
fairly well maintained, AŁ the unique starch sweet potato starch by a process plant has been limited to a season close of business, however, the un- developed at a co-operative plant or 100 days. Pressing juice fromertone is rather easter us buyers established here in 1934 by the newly-gathered potatoes and tur-the result that prices are inclined appear to have lost interest with
U.S. Bureau of Chemistry and Sollsther dehydrating the starch-bear- with $150.000 of FERA funds.. ing pulp by drying, however, is ex-
to give way slightly
- Cotton mills,
and peeted to make possible year round laundries manufacturers of glue, candy, food speration 01 the stored potato
adhesive products.
other ipuin. and articles in the United States use several hundred million pounds of starch each year. About 500,000,000 pounds was Imported and should provide a valuable new southern Industry if it can be sold at a pro-
AVERAGE COST
H.K. Bank shares changed handy
from $1,410 to $1,395 with further enquiries it the latter figure.
the Insurance section Unions had DEHYDRATING STATIONS
sales at $460 and $465 with buyers Crushing dehydrating stations at $462, and H.K. Fires had sales would be set up in potato-growing reported at $175. communities for receiving and 'pre-anced to $59 but later, receded to Electrics ad. paring the potatoes for storage.
$58 at which price further shares 'Engineers estimate that similar could be obtained. Lands reminin- plants can be erected for between ed steady at $36 and Telephones $75,000 and $100,000 each. On a (o at $231. Watsons eased from The average cost of starch im-year round programme, about 80 $8.10 to $7.85. Hotels were offer- ported in 1937-largely from the plants could produce starch nowing at $6.95 with Sales at $6.85. Dutch Indles in the form of Imported.
advanced from tapioca four-was placed by the The local plant in 1938 paid $6.40 to $8.70. There has been a Department of Comm ce at ap-farmers an average of 30 cents a steady demand for Underwriters proximately two cents a pound. busnel for their potatoes, and some resulting in a gain of 27 cents with The per pound cost of com, white farmers realized $150 an nere. The buyers at the close of business potato and other domestically-pro-average payment per acre was, 560. to-day offering 70 cents for shares. duced starch, with which the sweet One of the problems is the pro- Hotels
to were inclined potato starch is said to compare duction of a high-yielding potato through neglect. sales being re- favourably in quality, was consi- of high starch content. Much has ported at $8.85.. derably greater. "
been done in this direction.
VINEGAR AND MALT VINEGAR
Amendments To Ordinance
The Governor in Council
· AMERICAN OIL COMPANIES
Providents (0)
sag
The Green Island Cement Co. has announced' a dividend of $1.25
or the year 1938. (Gold
mining stock have been quietly steady. Prices are inclined to harden and an increase in the NEW YORK, Feb. 11 (Reuter)-volume of business is reported. American all companies are stated
from Manila. Market closed quiet for
IN MEXICO
to have drafted a
proposal
submission to President Cardenas THIRD WORLD
as a basis for negotiations in the)
Mexico and "the
has dispute between
made the following amendments of United States, according to the Washington correspondent of the "Herald Tribune."
the regulations made
under Ordinance No. 8 of 1935 Adulter ated food and drugs). Subsections (xxvi)
and xxvi)
Providents (Old) Providents (New) Underwriters
Marsman Hongkong
Santa Rosa
H.K. STOCK EXCHANGE
Market tuled very quiet.
Buyers
Hongkong Bank, $1415, Douglases, $65
HK.. & K. Wharves, $118. H.K. Realtles. $5.45. Chinese Estates, $100, H.K. Tramways, $171. Yournati Ferries (Old), $224. China Lights (New), 5.60. Sandakan Lights, $9.85. Telephones (Old), $22). H.K. Ropes. $4.10 Wing On (H.K.). $38. Entertainments, $7. Marsmans (HK), 2/8
Sellers
H.K. Docks (Old). $17.70 Providents (Old), $62. China 'Lights (Old), $8.70.
Sales
OIL CONGRESS HK. Electrics, $58 LONDON, Feb. 12 (T/Ocean)— The third World Oll Congress is to be held in Berlin from the 9th The companies are reported to to the 15th of June. 1940. Great have been encouraged by reports interest is already being evinced
of regulation are rescinded and that President Roosevelt had in in this event throughout the in- the "following new subsections formed the Mexican Government ternational oll world, and an im-
xxvi and (xxvii) are substituted that the United States insisted on portant scientific therefor:
programme adequate compensation for ex- will be published at the beginning xxvi) Vinegar is a liquid derived propriated cil
properties.- wholly from alcoholic and acetous draft compromise, it is reported, the meeting will take place
The of next year." Tre. main' part of fermentations without any inter-proposes the return of property to the capital of mediate distillation. It shall con-the
the Reich, but! management of ex-owners' there will be a number tain not less than 4.0 grammes uf title in properties to be divided or cursions and the acetic acid in 100 cubic centimetres Afty-afty basis
closing session between the will be held in Cologne.
As has already been announc
of the vinegar. It shall not con- companies and the Mexican. Goy- tam arsenic in a proportion of
emment.
years.
are willing to increase their royal- The all companies. It is reported
ernment and their employees scale ty payments to the Mexican Gov-
of wages.
of
In
ex-
October. 1940. s0 be particular to the fina!!
there is certain to
session of "the Congress, interest attaching
The latter would be ed the great Internationa? Trafic more than one hundredth of a expected to pay the companies its Exhibition is to be held in Cologne grain per gallon. It shall be free share of profits over a period of from May to from any other foreign substance. except cafuma. It shall contain n sulphuric or other mineral acid. 1xxvi) Malt Vinegar shall be vinegar as defined above derived wholly from malted barley, with or without the addition of cereals the starch or which has been sac- charifled by the diastase of malt.
The following is added at the end of regulation --
NEW DIAMOND METAL
LONDON, Feb. 12 (T/O 1)
Nothing in the defnitions of Higher and higher damant
are
meeting of the International So- In June, 1540. there is to be a
clety
for Testing Technical Materia; and also the second Chemico-Engineering Congress (a section of the world Power
Con- ferences in Germany, so that the delegates to the World Ol Con- gress will have an opportunity of
"Vinegar" or "Malt Vinegar" shall made nowadays on all kinds of seeing something of these other
apply to
Chinese Native Vinegar hand machine tools, which have Interesting events sold as such under the names of to be precision instruments of the Pak Ts'n and Hak Ts'o provided it greatest efficiency.
is not supplied, sold or exposed for
Hard
steel was formerly the
sale under any title or description best material for making tools, rontaining the word "pure" or its but this was replaced ty, such
BANK NOTES IN CIRCULATION
The average amount of bank
equivalent or as implying that it hard metals as Widia, Titanite, notes in circulation in Hongkong.
is "Vinegar" or "Malt Vinegar as Bohlerite and Miramont, and now during the month ended January
hereinbefore defined.
SKILLED LABOUR:
SHORTAGE IN
METAL INDUSTRY
a Berlin physicist, Dr. Wilhelm 31, 1939, as certified by the mana-
Mueller. Kas created "Diamond Metal" which
the is
best material that has
ever been discovered for the manufacture! of tools. For cutting, fling andị
BERLIN, Feb. 12 (T/Oveen) grinding, this material exceeds in Steps are being taken by the Authorities to alleviate the shert-efficacy all others, and it is ex- age of skilled labour, especially in tremely useful for dealing with the metal industry,
Special training classes for uzem- ployed were inaugurated some time ago, and many men trave been trained In this way, but there is
such new hard substances ag Steatite, etc.
durable
gers of the respective Banks were: Chartered Bank of India, Aus- tralia and China, $24.189,863. Hongkong and Shanghai Banking
Corporation, $210,147,678. Mercantile Bank of India. Ltd.
$4,274,202
Total: $238,711,543.
The following is a statement of securities lodged with the Crown
The new Diamond Metal is very Agents by the Mercantile Bank of India. Limited, against their notes in circulation: "
44% Conversion War Loan 1840- 1944. £240,000. Latest market price: 1043-1054.
UPTURN IN
stil a big demand, and attempts BUSINESS are now being made to encourage older skilled men, who in the meantime have found some other type of employment, to return to their original trade.
Special "refresher" courtes last ing ten to thirteen weeks have been started for such men.
U.S. FORECAST
WASHINGTON, Chairman WHEAT & CEREALS Jesee Jones of the Reconstruction IN TIME OF WAR Finance recently
Corporation predicted business in 1939
may
LONDON, Feb. 11 (Reuter)-The equal the 1937 recovery-perlod President of the Board of Trade peak. He saw prospects for na- has appointed a Committee of TRADE RELATIONS tional income totalling about Exports to advise regarding the arrangements for the supply of It was noteworthy treasury of wheat and other cereals in time BERLIN, Feb. 12 (T/Ocean)-clals repeatedly have said
the of war.
RENEWED.
$70,000,000,000,
The Danish-German trade and federal government could balance This peacetime committee will clearing agreement has
been the budget on the basis of current be the advisory body to which the renewed with minor alterations, spending if national income could cereal plans now being made will
reach at least $75,000,000,000 an- be submitted for consideration, Negotiations between the German nually.
until the end of 1939. -
܂ ܐ
and Latvian Governments in "I feel just as I have all along." | The Governor in Council has ap Berlin have resulted in a trade Jones said. "I am confident there (pointed the Superintendent of and clearing agreement which will be a moderate upturn of bust-Imports and Exports to exercise will remari in force un'l the end of ness starting as soon as the all the duties in connexion with 1939 and provides for a substantial weather conditions are favourable Canton Licences hitherto granted increase in reciprocal trade. again, very likely before spring," by the Governor in Council.
Hongkong Bank, $1410. China 'Underwriters, 70 cts, H.K Lands. $361. H.K. Realtles, $5.50. Dairy Farms, $23
HK Govt 31 per cent Loan, par. Antamoks Ps... 444 Atoks Ps., 35
Baguio Gold Ps.. .27 Benguet Consolidated Ps., 13.90 Coco Grove Ps.. 47 Consolidated Mines Ps.. .003 Demonstrations Ps... 20 I.X.L, .64
San Mauricio Ps. 1.80 Suyoc Ps., 22
United Paracale Ps.. 67.
V
"LONDON' GOLD
London. Feb. 11 (Reuter). Bar Gold, Fine per oz., 148/5. Dollar Parity. Id. premium.
|HONGKONG
223
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted on Saturday, February 11
No. of Shares Price
STOCK
Canton Ins,
100
100
$220,00 23,25
70
Telephones (0) Underwriters
... 1,000 Demonstrations. 5,000 East Mindanao... 2.000 Masbate
1,000 Consol, Mines ....10,000 Union M'agement 500 Santa Rosa....... 5,000
Ps. 201
MONDAY, FEBRUARY 13, 1939 -PAGE 11
PUBLIC AUCTION.||LAMMERTS' AUCTIONS
THE Undersigned have received.
instructions
to sell by
PUBLIC AUCTION
ON
TUESDAY, the 14th FEBRUARY,
1939
Commencing at 5.15 p.m.
At their Sales Room, No. 2. Connaught Road, Central, Room No. 205, 2nd Floor)
A.. VALUABLE COLLECTION OF POSTAGE STAMPS
Comprising:-
China. Hongkong. British Colonies,
etc., etc...
On VIEW from MONDAY.
"the 13th FEBRUARY, 1939.
Terms: Cash on Delivery.
LAMMERT BROS.,
AUCTIONEERS.
PUBLIC AUCTION.
THE
BE Undersigned have received
instructions
TO SELL BY
PUBLIC AUCTION
ON
WEDNESDAY, the 15th FEB
"..1939
B.
PUBLIC AUCTION.
THE Undersigned Kave reonived
instructions
'L
TO SELL BY
PUBLIC AUCTION
ON
THURSDAY and FRIDAY, the 23rd and 24th FEBRUARY,
1939
Commencing each day at 9.30 am.. with an interval from 12 noon to 1.30 pm.
At HM. Naval Yard, Hongkong, and at Kowloon Naval Depot,
OLD AND SURPLUS NAVAL STORES. &c.
Comprising:~~~
Steam Boat without boller, Machinery for Steam Boat. Bollers, Wall Cranes.
Old Tools, Canvas, India Rubber, Clocks, Leather, Electric Gear, Electric Motors, Lamps, Qars, Cordage, Firewood. Blankets, Counterpanes, Carpets. Rugs, Coverlets, Beds, Wash Basins. Furniture, Electric Cable. Drums, Dirty Oll, etc.
Also
Old Metals comprising Zinc, Copper Brass, Iron, Steel, Lead Old Battery Plates, etc.
Ps. 11. Ps. 16 P's. 0025 Ps. (49 Ps. 014
PHILIPPINE GOLD MINING
QUOTATIONS
Saturday, February 11
Antamoks
LI
441
Baguio Gold
27
Atoks
35
At 12 o'clock (noon) At their Bales Room, No. 2, Connaught Road, Central,
Benguet Consol.
13,00
Coco Grove
47
For account of the Concerned
Consol. Mines
03
20
64
1.08
6 Tons China Cap Paper-White and Coloured, 25′′ × 44′ 14 lbs. 500's.
#
4..
Suyoc Consol.
22
United Paracales
67
7 Tone China Cap Paper-White and Coloured, 28 1/2′′ × 55
Market comment-Quiet,
Demonstrations 1.X.L......
San Mauricio
RAUB INTERIM DIVIDEND
The Hongkong Stock Exchange has received the following cable from the Secretaries of the Raub Australian Gold Mining Co., Ltd.,
1/2 20 lbs, 500's.
5 Tons China Cap Paper-Assorted
Colours 25" x 44" 14" lbs. 500's.
1 Ton Woodfree Azure Lald Led-'
"Lots may be inspected on Wed-
22nd nesday,
February, 1930. Terms of Sale:-As detailed in Catalogue.
LAMMERT. BROS.. By Appointment, Auctioneers to the Admiralty.
ger Paper, 28 1/2 x 33 70 PUBLIC AUCTION.
lbs. 500'2.
110 Tons China Cap Paper-White.
25" x 44" 14 lbs. 500's. N.B-The above now stored in
Godowns No. 10, 48 and 49 of The Hongkong and Kowloon Wharf and
Godown Co., Ltd., Kowloon and Cosmopolitan Deck Godown 30.
in Brisbane:~~
4th Interim. Dividend for Year Tai-kok-tsui. ending 31st March/1939.
The Company has declared a fourth interim dividend of Five pence per share, payable on 15th March, 1939, plus a Bonus of Two pence per share, payable 15th. March, 1939."
For Inspection orders apply to:
A
TERMS:—Cash on Delivery.
LAMMERT BROS..
AUCTIONEERS.
HONGKONG WEEKLY PRESS
AND
CHINA OVERLAND TRADE REPORT,
ILLUSTRATED
PUBLISHED EVERY FRIDAY
FULL
REPORTS
OF
LOCAL NEWS, SPORTS, GOSSIP, TRADE, ETC.
30 CENTS A COPY
HONGKONG DAILY PRESS, LTD.
MARIWA. HOURS (3mp Floom) 18-19, Queen's Road Unstra.
TL 80251,
%
THE Undersigned have received
instructions
to sell by
PUBLIC AUCTION
ค
THURSDAY, the 16th FEBRUARY, 1939
Commencing at 2.30 PM.
At their Bales Room, No. 35,
Hankow Road, Kowloon..
A QUANTITY OF VALUABLE -HOUSEHOLD FURNITURE
Comprising:----
Teakwood Drawingroom, Bed- room, Diningroom and Office Furniture, Carpets and Rugs, Cut- lery, Pictures, E. P., Brass, Glass and Porcelain Ware, Electric Table Lamps and Heaters, Gramophones and Records, Sewing Machine, Wardrobe
Cabin Trunks. Curios, Radios, Books, Cooking Utensils, etc., etc.
and
also
A FEW PIECES OF BLACKWOOD FURNITURE
On VIEW from WEDNESDAY, the 15th FF 3RUARY, 1939.
TERMS: Cash on Delivery.
LAMMERT BROS..
AUCTIONEERS.
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