1939-05-08 — Page 11

HONGKONG DAILY PRESS

Finance

Recent Researches In Steel Metallurgy

of

In spite of long-extended studies

subject. and

the accumulated experience.

much

our

and Commerce

ELECTRICITY.

SUPPLY IN WAR

The annual luncheon of the

SHARE MARKET REVIEW

BY C. A. L, RICKETT,"",

Association

Hongkong, May 5, 1939

British Electrical Development Secretary, Hongkong Sharebrókers' Association, which was held at Grosvenor House, London, was honoured by the presence of the

The market "hus been very quiet Duke of Kent, who in proposing the toast of The Association," sald dwing the week, with a further that electricity was now in use it. dwindling in the volume of business week Early in the 8,000,000 homes in this country and transacted.

a limited and rather additions were being made at a there was

casual enquiry for the more popu- - knowlege of the actual reactions more rapid rate than elsewhere.

taking place between the liquid

Large scale electrification had lar stocks. This, however, was metal and the slag in the steel- begun late owing to the mature ignored as holders of shares were melting processes is still mainly state of industrial development not attracted by comparative, low of an empirical nature.

based on steam, but the position offers Towards the close of busi- Nevertheless. „as pointed out by had been profoundly changed less there was evidence of increas Dr. W. H. Hatheld.F.RS.. at the during the past ten years. Newed enquiry and shares changed outset of a discourse which he British Industries, based entirely hands at improved price levels. delivered" before the Royal on electricity had been created H.K. Bank shares changed "hands Institution recently, our under and electricity in city homes was at $1360 to $1370, and ectrics standing of the physical chemistry as cheap as anywhere in the world, at $55) with further shares obtain- of the steel-refining processes is

or cheaper. now rapidly advancing.

ELECTRIC COOKERS Dr. Hatheld. who was dealing It was Interesting to learn that. with "Recent Researches in Steel "Metallurgy," stated. that one of the pro

principal studies of recent years had been the determination of the nature and degree 0% hetero- geneity, in steel. as affected by the process employed and the com- position and conditions of casting of the material.

IMCREASING 'CONTRUL

FINANCE

HONGKONG SHAREBROKERS”

ASSOCIATION

VOLUME OF BUSINESS TRANSACTED FOR WEEK ENDING

H.K. Banks ...

Wharves

Electrics

Lands

Trams

$1,370,00

MAY, 5, 1939.

11

to $1,380.00

100

101.00

500

56.50

662

32.50 to

300

18.25 to

H.K. Docks

200

18.50 to

Star Ferrics

200

85.50

China Lights (0)

2,000

8.40 to

Cements

1,000.

12.70

33.25 18.30 17.00

8.30 12.60

Watsons

500

7.30

Hotels

500

5.35

Vibro Piling.

500

7.75

Marsman (HK)

600

4:0

Marsman Inv.

300

13/0

United Paracale

5,000

P1. 0,59

North Camarines

3,000

Ps. 0.44

.1,000

50,000

Ps. 0.341 Ps. 0.012

Coco Grove Santa Rosa

H. K. STOCK EXCHANGE

able at this figure, Wharves were A fal amount of business was wanted at $101 with sales reported transacted during the morning and, at this price. H.K. Docks improved in most instances, at an advance to $17 and Lands came to business on the opening quotations. at. $334. Hotels were wanted at 551

BUYERS HK. Bank, $1360. and Dairy Farms at $201. Trams had buyers at $16.40 and sellers at

Canton Ins., $225. Union Ins., $440. Douglases, $57.

Fata to the number of consumers, Great electricity Britain used many more electric cookers than America. and only 2 per cent of the homes con- $161. China Lights (0) also came in for enquiry and changed hands nected to the mains need pay more than 1d. per kWh, and over at $8.30. Star Ferries were wanted 60 per cent. could buy at d. per at $65) without finding sellers..

Gold "mining stocks have been

kWh, or less.

There were few aspects of every-dull throughout the week with a One of the important advances day life on which electricity did steady falling off in the daily made related to

of the increasing not affect, It continued to make volume business transacted. control of the non-metallic outstanding contributions in the Prices have been inclined to sag At the included matter which was one spheres of X-ray therapy and through lack of business. serious feature of the heterogeneity medical treatment, and had lent a close of business & dull market 13 of steel ingots.

new meaning to leisure.

It was important to know the cxygen content, and its condition in liquid steel, "and à great step forward had been the development of the vacuum-fusion method of determining the total oxygen in the final product: but the technique of ascertaining the form in which the oxygen occurred had not as yet been quite mastered.

these

The nitrogen "and hydrogen con- tents of steel were also receiving much attention. and particularly the hydrogen content might prove of consequence.

.U.S. MOVE TO BOOST FARM

PRICES

WASHINGTON, May 6 (Reuter

+1

ANGLO - AMERICAN

BARTER PLAN

U.S. Cotton For

Rubber And Tin

reported from Manila,

MECHANISED FARMING AND THE HOME PRODUCTION OF FOOD

Until the urgent necessitles of national LONDON. May & Reuter)-The the Great War led to a

for Financial News." discussing the campaign food production, Anglo-American commodity barter the mechanical tractor was com- plan, says that commodity market paratively a rarity on British soli, circles belleve the United States and even at the close of the war, war only some 3,000 machines were War Department requires

of between 200.000 and in use... reserves 300,000 tons of rubber and from 50.000 to 75.000 tons of tin.

To-day the total number em- ployed is variously estimated at

re-

On this basis, the value of ma-between 50,000 and 60.000, and as. terial involved would be between the lower limit in size of indi- £25,000,000 and £40,000,0000. vidual units is being steadily

Production of a reserve of 300,-duced, the number is likely to in- The Appropriations Committee of 000 tons of rubber would require crease in the near future. the Senate has approved tho an additional quota of 20 per cent, Farm Bill, involving expenditure of for one year. over $1,215,000,000.

H

For a tin reserve of 65,000 tons Of this sum, over $900,000,000 would need an extra quota of 30 will be for benefit payments ori per cent. Government operations to boost

móval activities.

The bearing of such a develop- ment on the home production of food, especially in time. of war, whether Is obviously significant,

the subject be regarded as branch of engineering or as special, aspect of agriculture.

The latter point of view. was-

HK, and K. Wharves, $101. H.K. Docks, $162. Providents $4.45.

H. and Hotels, $51.

KK Lands, $327. Humphreya, $7į.

7

HK Realties, $4.10. H.K. Tramway's, $16: Star Ferries, $65, Chima Lights (O), $81. China Lights (N), $51, HK, Electrics. $551. -Macao Electrics, $16.60. Sandakan Lights, $12. Telephones (O), $221. Canton Ices, $1. Cements, $123.

Dairy Farms Ex Rts.. $203. Entertainments, 561.

H.K. Govt. 4% Loan 31 prem. H.K. Govt. 31% Loar par. Marsmans (H.K.), 42

SELLERS

H.K Bank. $1385. Union Ins., $4423.

China Lights (N), $5. Dairy Farms Ex Rts., $21.35.

SALES

H.K Banks, $1360,70.

H.K. Docks, $17.

Providents, $4.50.

H.K. Lands, $33, H.K. Tramways, $16.45 China Lights (0), $2.30. Dairy Farms Rts., $15.

PHILIPPINE GOLD MINING QUOTATIONS Saturday, May 6, 1939.

Centavos

4

A'

Antamoks

Benguet Consol.

Coco Grove

Consol. Mines

I. X. L .....

San Mauricio

ja

It appears that the bulk of the farm prices through surplus re-payment for rubber and tin would

be made in cotton.

Lowest figure mentioned is 2 000,000 bales, which represents preferred by Mr.S. J. Wright. Total waterborne lumber ship- about two years British consump-MA, the Director of the Institute

from Canada's Pacifction of United States cotton, Coast province of British Colum

ments

bia in 1938 amounted to 1,192,- The 7,000,000 railroad ties which 195,672 board feet in compari-will be required by the Canad. son with 1,107,377,269 feet in 1937, fan National Railways during Evidence of broadening' markets 1939 would, make

а

continuous

In the British West Indies and a line if placed end to end, 10,800 higher demand from New Zen-miles long or almost three times land contributed to this increased the distance between Halifax. traffic. Most of the lumber Canada's most easterly port and shipped was Douglas pine.

Vancouver on the Pacific Coast.

Don't Go BALD

* HARLENE - HAIR - DRILL EACH DAY KEEPS BALDNESS AWAY

HARLENE

on

for Research in Agricultural En- gineering of the University of Oxford, in a paper

"Recent Improvements In Agricultural Ma- chinery, and their Bearing on the Home Procuction of Food," pre- sented before the Royal Society of Arts recently."

RAILWAYS MEALS

To accommodate dining - car patrons on the Canadian Na- tional Railways, the officials of the rallway company have to-pro- vide meals which are in keeping with the general excellence of the system. Indicating the high stan- dard of these meals, the quantity of

food used in 1938 in the dining

cars to serve 860,000 meals

in-

cluded-56 tons of beef, 22 tons of

chickens, 220 ton's of potatoes, 50,000 heads of lettuce, 55.000 apples, 50,000 lemons and simi- citrus

HAIR GROWER & TONIC la quantities of other

fruits, 90,000 pints of milk, 40%,~ As beneficial for Women as for Men 000 pints of cream, 700,000 bread Just 2 minutes every day can save rolls, 148,000 loaves of bread. 58. years on your appearance 1 For 000 pounds of butter and nothing is more ageing or unsightly pounds of cheese. than, baldness or even thinning or

falling hair,

If you have noticed these signs approaching then you should.com- mence to practice HARLENE- HAIR-DRILL! It takes only 21 minutes each day-but its results are extraordinarily efficacious.

SHIPPING LOAD LINE

7,000

In exercise of the powers con-

United Paracales Market Comment Quiet.

31

SHAREBROKERS'

MONDAY, MAY 8, 1939. -PAGE 11

PUBLIC AUCTION. ||LAMMERTS' AUCTIONS

THE Undersigned have receises PUBLIC AUCTION,

instructions

TO SELL BY

PUBLIC AUCTION TE Undersigned have received

',

ON

FRIDAY, the 12th MAY. 1839.

Commencing at 2.30 p.m.

At their Sales Room. No. 35,

Hankow Road, Kowloon.

„A FINE COLLECTION OF OLD

CURIOS

1

Comprising:

Old Porcelain and Pottery, Vases, Jars. Incense Burners, Figures, Bowls, Cups, Plates, etc., etc.,

"ASSOCIATION Volume of Business Transacted on Saturday, May 6, 1939. Union Ins.,

5 $440.00 Quartz Ornaments, etc., etc. china Lights (0)

Bronze, Ivory, Jade, Amber. Crystal.

Cornelian Agate,

and

TTAMA

11.60

321

0025 52

-500

instructions

TO SELL BY

PUBLIC AUCTION

ON

TUESDAY, the 9th MAY, 1939.

Commencing at 230 pm.

At their Sales Room, No. 2 Con- Ground" naught Road, Central,

Floor.

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE

Comprising:-

8.30 Chinese Hand Paintings, Em-Wardrobes, Dressing Tables, Chests 400 16.50 broidery, Old Lacquered Screens

.

MACHINE TOOLS & RE-ARMAMENT.

Something of the minatory spirit of ancient prophecy against those who cry peace, where there is no peace, seemed to exist at the annual dinner of the Machine Tool. Trades Association recently. as every speaker at it made re- ference, either directly or ob- liquely, to the refirmament ques- tian.

mils, though the necessity is |regrettable, was as it' shbuld be, since the machine toolmaker stands as solidly behind national defence as did the bowyer and armourer of the days of Aging, court.

1.00

58

BANK NOTES IN CIRCULATION

The Government, in the person of the Chancellor of the Duchy of Lancaster, Mr. W. & Morrison, acknowledged the whole-hearted support it had received from the Association in the intensive- re- | armament work now'proceeding.

Returns of the Averge Amount of Bank Notes in Circulation in Hongkong, during the month ended Apr 30, 1939, as certified by the of the respective

*Average Amount:

Managers Banks:-

Chartered

Bank of India, Australia and China ...

22,525,058 Honkong and Shanghai

Banking Corporation 211,047,338 Mercantile. Bank of

4:167,297 India, Limited

$237,729,683

Total

WAR LOAN The following statement of the securities lodged with the Crown

Three carloads of prize Cana- dian beet cattle from Calgary ranching section of Canada Are

Golden on display at the

Gate

Exhibition, San Francisco.

Agents by the Mercantile Bank of Tudia, Limited, against their notes in circulation, is published for gen- erai information under Section 5 of the Mercantile Bank Note Issue Ordinance, 1911, (Ordinance No. 65 of 1911):-

44% Conversion War, Loan 19407 1944--Amount: £240,000; Latest market prices: 1032-3044

Falling Hair stops falling Bald ferred by sub-section (2) of section DR. LUDWIG MOND Patches are covered with a healthynew 40 of the Merchant Shipping growth -- the scalp is nourished and (Safety, and Lond Line Conven- A succinct account of the te

GREMEX SHAMPOO the hair becomes abundant and virile. tions) Act, 1932, as 'extended to

The super-cleansing, super-creamy. lather of the CREMEX SHAMPOO ís

and work of De Ludwig "Mond,

one of the most delightful hair experi- - Adds a beautiful finishing polish to the July 28, 1938, and inttuled when delivering the Ludwig Mond

ences you can enjoy! It thoroughly- removes all trace of dirt, dust, scurf and dandruff, leaving the bair and scalp sweet and fragrant with that wonderful feeling of complet, chaalingssi

* Fres burnishing rinse included. •

UZON BRILLIANTINE Hongkong by an Order of Ells F. R. S., was given by Professor Majesty in Council bearing date F: G. Donnan, C. B, E., F. R. S.,

colffare. Both men and women "de- light in this super-refined Brilliantine "The Merchant Shipping Load Memorial lecture at the Royal which is especially valuable to those with Line Convention (Hongkong) No. Institution.

The meeting

to Was held dry scalp, and keeps the hair immacu- 1 Order, 1938" and adapted and Jately in place all day i

modified as set out in the schedule calebrate the centenary of the to the sald Order, the Governor birth of the great chemist and hereby exempts from Part II of Industrialist, who, among many the said Act, as so adapted and other generous gifts to scientiac had founded and ships under two Institutions, modified, all hundred and fifty tons gross plying endowed the Davy-Faraday Labora- solely within the waters of this tory of the Royal Institution in

1804 Colony.

In liquid or solidified form.

Special Notice to the if your hair is grey, going grey or losing its colour, GREY HAIRED you should instantly use ASTOL Hair Colour Restorer

FROM ALL CHEMISTS AND STORES.. EDWARDS HARLENE LTD., 20/16 Lamb's Condult Street, London, England

.

etc.

On VIEW from THURSDAY, the 11th MAY, 1939.

TERMB:---Cash on Delivery

LAMMERT BROS.

AUCTIONEERS.

People Who Matter'

WHC MATTER. to

PEOPLE

the advertiser ape

the people who

can afford to buy

,his goods. Most

of these people buy and read the

Hongkong Daily Press.

Mt. Howard Harding.

The Willows

Haldane

Tolyphing

Iron and Teakwood Bedsteads.

of Drawers, Sideboards, Dinner Waggons Dining Tables, Chairs, Chesterfeld Sultes. Hatstand, Desks Typewriter Tables. Book- cases, Filing Cabinets, Glass Cabinets, Sewing Machine, Filter. Pictures, Wardrobe Trunk, Gramo-- phone and Records, Electric Table Fans, Ornaments, Porcelain, Glass. E. P. and Brass Ware. Cutlery, Ice Chests Rugs, etc., etc.

also

A FEW PIECES OF BLACKWOOD FURNITURE

"* and

1- Grandfather Clock

1 Burf Board

1 11-Tubes "Philco" Radio and

Gramophone Playing Desk

1 "Underwood" Typewriter

2 Canvas Canoes

-"

On VIEW "from MONDAY, the 8th MAY, 1939.

TERMS:-Cash on Delivery.

LAMMERT BROS..

AUCTIONEERS,

Engraving is the hall mark.

---of---

VISITING CARDS!

If you wish to create.

a

good impression use our cards

of high

Quality.

Mr. J. Cartwright

48. Allerton Road

Bowes Parks &

In these

Samples available

we Specialise

at

Mr. Geoffrey A. Mirtthews,

H. Mayfair

Lunder

Telephone

Mr. Eric B. Greens.

90. Kirth Road.

Louth Shields

THE EASTERN ELECTRICAL COMPANY.

GERRANO BY

FRIC GRAY

PHONE CENTRAL 1768.

÷BANKRA STUDIES.

[PERT STREET, W.L

Mr Dennis E. Spalding.

R. Dapt & Cia Lids

THE HONGKONG DAILY PRESS

Marina House, 3rd Floor, 15-19, Queen's Road Central.