1939-08-04 — Page 13

HONGKONG DAILY PRESS

"

Finance and Commerce

British Interests In China

YANGTZE TRADE

AND CONTROL IN

די

WEEKLY WHEAT

REPORT

REYNOLDS AND GIBSON

WHEAT

(Per Payne & Co.)

Liverpool, July 18. Liverpool-An improving ten- dency was visible in the first part of the week under review but thei last day or so new record low levels

·SHANGHAI AREAS have been established.

LONDON, Aug. 3 (Beuter)—.

No reply has yet been received by Sir Robert Craigie re- garding the representations made on June 6 with 笑的一 ference to the Japanese naval and military restrictions on British trade in the Yangtse delta, declared Mr. R. A. But- ler in the House of Com- ..mons yesterday.

He added that Sir Robert Craigie had been asked to continue to press the matter in view of the great urrency

of the question.

S'hal Counell

The great bear factor is the in- dicated surplus on August 1, of 328 million bushels for the

BUNTING & CO WIND UP

Empire's Biggest Tea Brokers

LONDON, Aug. 3 (Reuter). At a shareholders' meeting yesterday, „Messr. Bunting and Company, the Empire's big- rest tea brokers, decided to go into voluntary winding-up.

At a subsequent statutory meet-

four... major exporting countries. ing. a Creditors' Committee of As we hinted last week, however. Inspections, consisting of the Ave there are several countries this principal creditors, was appoint- year whose exportable surplus will ed.

be considerably, reduced and for the

"

£522,263 Deficiency

USA., France. "and Rou- mania these reductions are coin- An approximate statement of cidentally together estimated to affairs revealed that äs against total 328 million bushels.

llabitles of £2533.583, there ap- Several Committees have sat pears to be a deficiency of £522,- during the week in London, in con- 283. Value has been taken Into nection with the International the statement for the company's Wheat Conference, viz. the Pre-interest in subsidiary- companies paratory Committee on which ten or for impending claims against LONDON, Aug. 3 (Reuter)-Mr. countries are represented, and the English and Scottish Joint A.C. Morcing asked in the House meeting of the "Big Four" export-Co-Operative Wholesale Society, of Commons yesterday what had ing countries. Further news

18 Ltd. been the result. of the discussions awaited regarding a full con It is intended to between the Shanghai Municipal ference to discuss the disposal of claim vigorously. Council and the local Japanese the season's crop.

"Reuter" was informed that authorities

To our mind the large carryover heavy stocks of tex held were tion of the Yangtzepoo and Hong-mentioned above has been fully valued for this kew districts of Shanghal to the discounted in the price and the July 6, since wher the values purpose ELS at control of the Council, and whe-market will become very sensitive have appreciated. ther Mr. Chamberlain was yet

to bullish information. Already

concerning restora-

prepared to approach the Jap-there has been some apprehension anese Government in the matter.

over the continuance of hot wea-

Mr. Butler replied that d13- ther in North America.. cussions between the Council and the

Japanese

authorities were

Fresent levels do not ouer much

still proceeding and he under-attraction on the bear side in all stood that a certain measure of the circumstances, and although agreement had been reached.

the last day or so offers of new No action on the part of

the crop US Wheat have been hover- Government appeared to be calling over the market and exerting ed for.

ON

LONDON STOCK. EXCHANGE

European Tension Anxiety

LONDON. Aug 3 (Reuter)--- European anxieties were rez- ponsible for a general drift downwards in prices on the London, Stock Exchange yester- day, though not much selling pressure was visible.

Home ralls were especially weak the possibilty of a strike

following a wage dispute affecting

FINANCE

H. K. STOCK EXCHANGE

The market continued quiet with

very few enquiries,

BUYERS

H.K. Wharves, $102,

ELK Lands $34.

HE. Land 4% Debentures Par.

Yauma Ferriea, $22,

Canton Tees, $1.

Cements, $12.

HK, Govt. 4 Loan, $102 H.K. Gort. 3 Loan, 99.

SELLERS

China Underwriters, $1.35, Humphries, $3.

SALES

HK, Bank, $1325.

Telephones (0), 5211/22,

Atoks

PHILIPPINE MINING

FRIDAY, AUGUST 4, 1939. —PAGE (1)

LAMMERTS AUCTIONS

| PUBLIC AUCTION.

THE RIGHT LABEL 13

White Label

DEWAR'S FAMOUS

PIO

BOLE AGENTS':

Ä. S. WATSON & CO., LIMITED.

TEL 20616,

THE Undersigned have received

instructions

to sell by

PUBLIC AUCTION

also

White Label EAT SCOTCH FING

OF GREAT 108.

Demur & Sons

DISTILLERE

KAIPING COAL

FOR ALL PURPOSES

FRIDAY," THE 4TH AUGUST, 1939

Commencing at 11 AM

At their Sales Room, the rear portion of Powell Building, 12 Dea Voeux Road Central,

5 Bales Paper

7 Reels Paper "

1 case Paper

8 colls Iron Rod

3 Bales Hoop Steel

1. Iron Pipe

38 Drums Engine Qil

"(stored in Godown No. 13 of the China Provident Loan & Mortgage « Co. Ltd., Kennedy Town),

also

A Quantity of Household Furni- ture including:

1 "Monroe

chine

"

Calculating Ma-

1 "Underwood Typewriter

I "Royal" Typewriter.

1 "Karachi" Ceiling Fan with

"Howark" Regulator

1 "Marell" Ceiling Fans with

Regulator

3 Ceiling Fans

2 Uncased Second-hand Machine.

Parts

QUOTATIONS

Centavos.

23

Antamoks

241

SCOTCH

Baguio Gold

21}

Batong Buhay

013

IT NEVER VARIES

Benguet Consolidated

10.80

Big Wedge

221

Coco Grove

25

Consolidated Mines

0025

Demonstratión

104

WINE DEPT

T. X. L

43

Ipo Gold

161

pursue this

Itogons

25

Manbulao Consol

07

Masbate Consol.

113

Mindanao Motherlode

031

Mine Operation

13

North Camarines

Paracale Cummaus

18

San Mauricio

92

Surigao. Consolidated

24

Buyoc Consol.

144

Profits And

Syndicate Investment United Paracale

032 45

The Boom

LONDON," July 21 (By Air Mall) a softening influence, we do not-It seems that the consumptive think operators should be dis-trades may share to a great extent couraged from taking advantage of in the future in a prospective rise quiet days and any easing in industrial profits. quotations to accumulate moderate The Industries of greatest holdings on the long side.

outward activity, serving defence Stock of Wheat in Liverpool: { requirements, will continue to be This week 822 loads. last week 749 controlled by Government contract loads.

Axing and profits which escape

Chicago. This market has kept this mesh will be caught in the A. fairly steady throughout the week P. D. net.

"}

and purchases against sales of Despite its fiscal difficulties, a Winnipeg are still feature of general excess proûts duty can be the trading

supported by strong economic Winnipeg. A further widening arguments as soon as the point of

of the difference between this mar-full employment is attained. ket and Chicago has again been noticeable due to a certain extent

That may be only six months

to the straddle operation mention-away; and nine months hence, ed above. During the week the when the accounts of the current Canadian Government has fixed financial year are balanced with a Elsewhere Burma Corporations, the minimum price to the farmer large debit, one of the few avenues were steady, on a dividend of five at 70 cents. applicable to the 1939 of relief from the huge fiscal burden annas compared with four pre-crop. effective August 1:

the whole railway system

viously.

Among commodities, copper re- corded a further small improvement largely owing to reports of the ex- cellent consumption, with revival in speculative interest. Wall street was very quiet.

some

LONDON GOLD

London Aug. 2.(Reuter). Bar Gold, Fine per oz., 148/8). Dollar Parity. 1d. premium,

LONE ATLANTIC SAILOR WAS PIRACY SUSPECT.

LONDON, July 17 (By Air Mail)-His 'sma: ing experiences during a 10,000-mile, fourney of adventure were recounted to a reporter yesterday by Franels Edward Clark, a 55-year-old sea- man who brought his seven-ton cutter-rigged yacht Girl Kath- leen into Newlyn Harbour, Cornwall, after having crossed the Atlantic single-handed with a sextant and compass as navigating instruments. The voyage took a month and three days. Clark, who is a native of Ports- few ships and none sumciently mouth, left Britain in 1937 on his near to speak with. Finally I -10,000-mile voyage of adventure, reached the Bay of Biscay. By He was sailing for Charleston, this time my food had practically North Carolina, but bad weather min out and I was on strict compelled him to put into Bavan-rations. nah Georgia.

Court Proceedings

Clark told & reporter, "I had difficulty in proving my bona fides. The authorities held the view that

:

"I got my, position by dead reckoning. In order to get some sleep I lashed the "tiller and hoped for the best. "After leaving the Bay of Biscay

my papers were not in order. This I fell in with a fishing boat, and

led to court proceedings, there be- was told I was near the Beilly

ng a suspicion that I might pos- Isands. I made for Mounts Bay, sibly be a pirate.

which I reached on Saturday with

"

"After Intervention by many

may be found in a rising trend of industrial proats.

RESERVE BANK OF INDIA STATEMENT Calcutta, Aug. 2 (Reuter).

July 21 July 28

Notes in circulation (including Notes held in the Bank-

7,200 7,301

ing Department)... 21,329 · 21,430 Rupea Coin and Bul-

lion in Indian Gold Coin and Bul-

Hon in India Securities ('Indian

Government) Securities (British

Government)

4,154 4,154

3,737 3,737

5,950 5,650

OIL COMPANY WORKERS STRIKE.

NAIROBI, Aug 3 (Renter)--The port of Mombasa was closed by the police following a threat by strikers to intimidate men at work there.

among all company employees and now involves 6,000 workmen re- presenting every class of African

The strike began a week ago

seven dollars on board and very labour, Higher wages are demand-

friends in America the Court re-little food."

duced the fine and finally remitted

"I sailed for New York and en- countered, very bad weather 15- deed. I had to drink rain water, and my sole supply of food was dried beans

Badly Hurt

"Ultimately I decided to sail for England, but my funds were so, low that I was compelled to sell my chronometer. With the money. I bought stores of food, and this left me with only a sextant and compass to cross the Atlantic with: Although I was able to get my latitude, it was difficult to obtain

my, correct position.

T

I left New York on "June" 12: My best, run was on June 19, when

did 36 miles in 48 hours.

Very Few Ships

"After that the weather was comparatively fine." I saw

ed.

AH TUNG

廞爐稻器機鐵釬東亞

Diesel Engine Driven ARC welding Plant-2

operators for Oxy-Acetylene Cutting and Weld-

ing for Ship and Boiler Repair, Copper-smiths, Boiler makers, Iron and Brass Founders, Ship- building Contractors and General Building Contractors.

General Office Aia Irife Building, Boom 414,

Tel. 25621. Post Office Box: 638, Hong Kong Workshop Tai Kok Tanj

Tel. 66083 Please apply for estimates,

HONGKONG

SHAREBROKERS'

ASSOCIATION

Volume of Business Tra.isacted on Wednesday, Aug, 2, 1939. HK. Trams

500 $18.70

Telephones. (0) ... Telephones (N) China Lights (N) Anthroks

on Thursday, Aug. 3. 1939. " H.K. Banks

20 $1,325.00 500 22.00 7.25

37

20

4.00

5.000 0.24) ctvs

HYDRO ELECTRIC

SCHEME FOR CEYLON

The State Council has passed a vote of Rs.14.500.000 for the Government's hydro electric scheme. A condition"in the con- tract is that the contractors must employ 90 per cent. of Ceylonese labour and must give facilities for training Ceylonese here and abroad. The contractors may lf- port materials duty free.

HOME, FACTORY

AND BUNKERS

POWER

HOUSE,

TUGS & LOCOS

and..

A Quantity of Tinned Provisions

3 Remington Cash Registers

1 Marble top counter

THE KAILAN MINING ADMINISTRATION.

Head Office:-TIENTSIN.

DODWELL & CO., LTD.. Agents, Hong Kong.

Terms: Cash on Delivery.

LAMMERT BROS.

AUCTIONEERS.

靠可用耐油漆牌駝駱

PAINTS, ENAMELS.

VARNISHES & SPRAY LACQUERS

DURABLE & ECONOMICAL

MAMWAGTURED CY

THE NATIONAL LACQUER & PAINT PRODUCTS CO. ETO.

KINGS ROAD, HONG KONG, TEL 31601-2

品出司公限有油漆燥製民國

HONGKONG WEEKLY PRESS

AND

CHINA OVERLAND TRADE REPORT.

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PUBLISHED EVERY FRIDAY

FULL REPORTS

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HONGKONG DAILY PRESS, LTD.

MARINA HOUSH (San FzooE) 16-19, QUEen's Road ChatRAK.

302513

PUBLIC AUCTION.

¡HE Undersigned have received

justructiona

"TO SELL BY

PUBLIC AUCTION

ON

FILLDAY, THE 4TH AUGUST, 1939

Commencing at 2:30 PM.

"At their Salee Room, No. 35 Han- kow Road, Kowloon.

À QUANTITY OF VALUABLE HOUSEHOLD FURNITURE

Comprising:

Divane, Braas, - Iren: and Tenk- wood Bedsteads, Dressing Tables: Wardrobes, Chests of Drawer Hatstands Chesterfield Suite, Di ing Tables, Chairs, Dinner Kons, Ice Chests, Deska Type- writer Tables, Glass and Capineta, -Bookcaser, Brams, IP Aluminium, Porcelain Glad and Rattan Ware, Cutlery, Mlectrie Table Fans and Lamps, Orrisments Cooking Utensils, etc., etc.

A FINE SELECTION OF

- BLACKWOOD FURNITURE.

Comprising:

Carved Armchairs, Chairs, Table

Curio

etc., etc.

and

One GEO." All Wave 10%

Twin Speaker Radio Bet

One Feking Carpet

Two Peking Rugs

On VW from THURSDAY, the 3rd-AUGUST, 1939.

ash on Delivery

BROS ERA