1939-10-24 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

New Chinese Food Shortage In New York

Trunk Road Opens Soon

CHUNGKING, Oct. 21-In one month's time, direct motor trafic between Yunnan and Szechwan

Halted By Normal Buying

NEW YORK-Sugar and other commodities, including beans, lard and four, were again plentiful on New York grocery shelves as housewives stopped their run on staple goods as a result of reassurances by federal, state and city officials of adequate food supplies.

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will be possible with the opening President Roosevelt's suspension emergency powers, to buy supplies of the Kunming-Luchow highway of sugar quotas insured that New for state institutions during the which is rapidly nearing completion York City and the entire country next 30 days without advertising At present the only direct line of would have ample quantities 01 for bids in an effort to avoid pay- communication between the two sugar for all uses, and Max Men- ment of wartime prices" for food. provinces is the air service which cher. Secretary of the Department clothing and other supplies. links up Chungking and Kunming of Markets. said he believed the in two and a half hours as against price of sugar, retalled to the con- one week of highway journey on sumer would drop quickly follow- the circuitous route by way of ing quota suspensions. Kwelyang, capital of Kwelchow. The Department of Markets re- vealed that a survey of retallers

Province

-I

H. K. STOCK EXCHANGE

Lands were placed at $32 and The new highway, which will be, had disclosed prices of food gen-business was recorded in Provi- 590 miles lor as compared with erally were unchanged. Imported dents Lights. Trams and Dairy the 715 miles in the Chungking-foodstuffs, however, have shown Farms (0), at rates slightly under Kwelyang-Kunming road. will marked gains, it added. afford a much easier route to travel between Chungking and Kunming.

which was used for centuries to Eastern

NOT PROFITEERING

It follows an old caravan route, L. E. Woodcock, Manager of the Co-operative Wholesale, carry tributes

Chinese Inc., declared that all the price in- to the emperots from the southwestern creases were not profiteering, add- lands, including 'Burma,

ing that advanced sugar prices The Kunming-Luchow highway were necessary in some instances administration has ordered 500 to restore legitimate operating new buses for operating through margins. and sectional services on the road. --C. I. C.

Spokesmen for grocery chains and' independent shopkeepers' held that food prices would stabilize

NAZI-SOVIET TRADE within a few days at quotations

slightly higher than those preced-

AGREEMENT ing the run on staples caused by

MOSCOW, Oct. 23 (Reuter)-the outbreak of war in Europe. Agreement in principle, covering Meanwhile, in Trenton, the New Commissión, Nazi-Soviet trade, has now been Jersey State House reached and will soon be an- granted Frederick G. Brodesser nounced.

State Purchase Commissioner,

the nominal quotations. The En- quiry Board shows a demand for parcels spread over a well selected 1st, but the response is poor, and orders for Unions in particular con- tinue difficult to all

BUYERS Union Ins.. $365, H.K, Lands, $32. "China Lights (0), $T

China Lights (N), $41.

SALES Providents, $3.05. HK, Lends, $32. HK Trams, $151. China Lights (0), $79. Electrics, $50.

Sandakans Lights, $11.60. Dairy Farms (0), $195.

PHILIPPINE GOLD MINING QUOTATIONS

Manda Gold Shares:-Antamoks 13s, Atoks 14b, Bagulo Gold 131s. Batong Buhay 0096, Benguet Con- sol. 9.80b, Big Wedge 17b, Coco Groves 131s. Consol. Mines 0035, SHARKBROKERS" ASSOCIATION | Demonstrations 075. IXL, 351s. Ipo

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Bayar

Beliers Sales Noul MONDAY 23.

ост.

Banks

Bank of East Asia ....

N. C. & B. Banka

$0 Canton Insurancss

Insurances

Buyers hellers Sales Morina

Gold 10s, Itogons 16js, Manbulaos Consol, ung.. Masbates 'Consol, 06-jb, Mindanao Motherlode 074s, Mine Operations. 0710, North Camarines 123b, Paracale. Gumaus 154b, San $1975 Mauricks 68s, Surigao Consol. 131b. Suyoc Consol. 10b, Syndicate In- vestment 02b, United Paracale 251b,

HONGKONG

SHAREBROKERS“

ASSOCIATION

Volume Of Business Transacted on Monday Oct. 23, 1939.

81285/ 1300

H.K. Banks a

£75

Do. (Col. Bag.)

25

$74

Do. (Lon. Reg.)

4

하

Chartered Banka .............

24 Mercantile Bka. "A"

£71

P30

Mercantile Bs. "0"

2201

$72

$72

60 cts.

$200

$385.

Union InsurAKOMO

31

311

Underwriters

$385

3170 H.K. Fires *****

$170

Shipping

Providents

$47

Douglas onmogemata.

China Lights (0)

382

312

Steamboats

$16

Coco Grove

$60

•Indo Chin'

(Prod.)

2511

United Paracale

$30

Indo-Chinas (Dat.)...

$20

San Maurich

84/41 Shelli

84/43

$8.10 Waterboste........

$8

Docks, Wharves,

Ġodowns, etc.

$10

H.K. & K. Wharros $100

$4

Providents

24

Providenta (ww)

$16

Do. (new)............

814

13/9

$10

34

#

8 H.K. & W. Docks...

812 Shanghai Docks &

Now Engineerings 8. Mining

13/9 Kailans

$4

Raubs

Venezuela Gold Fide

4 ct. Hong Kong Minos `

разр

风

Lands. Hotels and

་ ་ Buildings"

H.E. Hotels

H.X. Landa ...........

Do, 4% Debentures

Shanghai Lands 8.

$4.20 H.K. Romition

87 Humphreys ...........

$100 Chinese Estates .......

Cotton Mills

$22 Ewo (B.)

$175 B'bal Cottons (1)

$4: | Zoong_Binge (S.) $484 Wing On Textilos (8.)

$15

Public Utilities

Tramways “................

8:40 Peak Trama (old) ...

$3.70 Peak Trams (Dew}

$51

$22

18

Blar Ferries

'mati Ferries

Do. (Dew)

China Lights (0)

64.90 China Lights (New)

$10

$11

China Laghia Rts.

H.K. Electrics

18 Macao Electrics

Sandakan Lights

#20 Telephones (old)

$7.60 Telephones (new)

19/0 Tractions

Tractions · (praf.)

Industrials

*

Cald., Mang. (Ord.) 8.

29

84

$1

$13 Cald., Macg. (Frat) 8.

Canton I

$8

::

i

Bi

$39

95*1.

500 $3.95

300 7.75

FINANCE

TUESDAY, OCTOBER 24, 1939. —PAGE

Hongkong Daily Press CLASSIFIED

ADVERTISEMENTS

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Alterations undertaken on Ladies' Furs and Foxes.

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REICH FINANCES

IN BAD WAY ZURICH, Oct. 23 (Renter) --Discussing German, financial problems, the Swiss newspaper "Easierna Chricten" says that the financial state of the Reich is giving rise to serious forbodings in Berlin. Money and notes in circulation hayo doubled, as they did in the mdatory period and credits have increased tremendously. When German entered' the last war, her financial position was

SHING

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at very moderate prices. Call on us and let us demonstrate to you

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EXPERT LADIES' TAILORS

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Telephone. No. 38845...

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NEPTUNE PRODUCTS COMPANY

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38A, HANKOW ROAD,

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AUCTIONEERS

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20,000 Ps. 0,13 10.000 Ps. 0.25 off than she was when the armis-

5,000 Ps. 0,68 tice was declared.

EVIDENCE INDICATES MILLIONS · YEARLY BY COMMUNISTS

SPENT

WASHINGTON.—Examination of 43 bank accounts held by the Communist Party, its affiliates, or subsidiaries, in the past five years by accountants of the Dies. Committee, showed a total of $10,164,730 deposited in that time, or an average of $2,000,000 a year. The inference left by the Dies Committee, and partially "supported by evidence of two witnesses, was that $2,000,000 a year had been spent by the Party on its organization, political cam- paigns or propaganda,

Road Control Telephon· No. 20224.

FOR SALE

Selection of the best varieties of Reliable and Tested

FLOWER & VEGETABLE SEEDS *for

IMMEDIATE PLANTING

from

Sutton & Sons Ltd., Reading Arthur Yates & Co., Sydney

W. Atlee Burpee & Co., Philadelphia Toogood & Sons Ltd., Southampton|

The opportunity of serving you will be a pleasure and your commands

GRACA & CO.

No. 10. Wyndham St., Hong Kong Established 1898

This led Representative Martinicult to trace Communist expendt-will bave our best attention. Dies (D) of Texas, Chairman of the tures. From 1933 to 1937 banks Committee to comment:

were not used at all, owing to fears "That's more money than the of their safety. it was testified. Republicans and Democrats to- Unsecured loans, and the habit of. $4.30gether have to spend annually." giving sweeping financial authority $7.90 However, the evidence of such to high officials using money in large total expenditures rested on personal, funds, completed the ob- a somewhat inconclusive founda- stacles in tracing the party's actual tion for the total of all deposits passing through the many banks might have included duplicating items.

- 3921

$162

$42

BOU

$159 9152

::

expenditures.

PARTY ORGAN HAS DEFICIT

2. The Party, pays the annual deficit of $85,000 of the ́ newspaper Robert William Weiner, Financial Daily Worker; has unsupported $7 40 Secretary of the Party since 1933, loans to the New Masses (NY), 83.70 and William E. Browder, Party the Midwest Record (Chicago), Executive Secretary and brother of People's World (West Coast), and Earl Browder, recently asserted | other organs,

$50

18 that "funds flowing into the Trea-

$42

"Tel 30862

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HOTELS

MARBLE HALL and Annexe Private Hotel), M. Granville and 109, Ausili Roada, Kowloon. "templa Courts. Beautiful garden. Rooms and suites, with i ate bathrooms. All modern conveniences. Apply proprietress, 103, Austin Road.

Phone 80133 and 34, Granyžde Rond. Phone · 59433.

METROPOLE HOTEL Central, Clean, Comfortable. All modern conveniences. All rooms with Private Bath. Mo- Tea Dance derate Daily or Monthly rates. Fully licenced. Dally. Latest Swing Band. 5-7.30 p.m. Tel. 24425

ELECTRICAL ENGINEERS

司公電亞新

THE NEW ASIA CO.

ELECTRICAL ENGINEERS

And

HOUSE WIRING CONTRACTORS 12, Chiu Lung St.

Tel. 34010.

RADIO SERVICE ·

For prompt and efficient service in radio repairs, and pur- chases of "ZENITH" long distance radios for 1939, always call at

Her EYES Won Him EASTERN RADIO SERVICE LABORATORY.

CLEAR MILKY WHITE LUSTROUS; THOUSANDS CLEAR EYES Lâu Sacando Ju BYEB reddunedog, promislatly wetzing by late 3. Though the Party ostensibly hogni ce pras-indulgence, thousands of girls now clear them in seconds" With new nevezika BYE- sury were only in the neighbour- quit as dues-paying member of the NE, And what a Biteshna when “ital are dime hood of $200,000 to $280,000 an- League for Peace and Democracy sparkling white! Monay back if it falls. Katzenber pooche tired eye like migla, Stainless makia CİNS nually.

in 1937, Its direct contributions to EEDENE al sy drug or department stora the League of $2,000 to $3,000 an- National headquarters operates nually approximate what $7.10 on an annual budget of $200,000. formerly paid as dues and affila- 22). However, witnesses showed auch tion tees. Thus the charge that

loose financial control as to make the League is. Communist-tainted leading Drug & Department Storei almost any expenditure over that still stands, Da

$20

$20.10

·ANY AMOUNT POSSIBLE

・W

sum physically possible. To sup- 4. Mr. Browder and Mr. Weiner $1 port the larger estiinate, Com-had party accounts under their $14mittee members "pointed out that own names at several banks. Thê $4.90 | Mr. Browder testined that while he manufacturers trust it was testi- was Financial Secretary of the fied, would not receive an account New York State Party organization from the "Communist Party, and collections averaged $20 a year insisted that it be carried by aplece from each of New York's Browder personally, 27,000 members.

5. Mr. Browder apparently satis:: If all the 100,000 regularly en-fied the committee that althougn rolled Communists whom Mr. be reported a personal income for Browder says the party now, has, tax purposes, of $4,000 in 1937 and made such contributions, the 1938, while banking nearly $1,000,- larger total would be reached. The 000 in his own name, he had been Dies Committee intends to "cover authorized to act as party agent this point further but like many for party funds in this fashion.

6. Also $15,000 payments made matters discussed before it, the question for the moment is left to one "Larry Taylor in a few° In doubt. Highlights of the weeks in the Communist account, evidence were:

appeared to be explained as going

8194

$6,60

$14

971

$1.98

30

19.

$14) Cements

$4.90 Elopmen

Miscellaneous

20.30 Dairy Farm (Old).. 818 Dairy Farm (New) $6.80 Ch. E'tainmente ............... $1,52 Constructions. tat

t. Constructions (now) 374 Lane Crawfords

Nanyang Tobmoner

Watsons

a Ch. G.6% 1920 @Bd«. $100 H.K. Gork. 4% Loss $98 H.K: Gort, 3% Loan

$41H.E. Wing On a

{1'hal® Wing On 19 $10. #81 Vibro Piling, salli 11.10j Marsmann Inv. (Lam.) - Maramana Inv. (H,K.) Wm. Powellsooks |#Balas

4/0

1. Revelations of vague financial to an orice boy, sent to the bank arrangements which make it diin-for office cash

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· Candidates should send, writ- ten applications to the Secretary for Chinese Affairs on or before "October 31, 1930, stating their qualifications and knowledge of dialects in addition to Cantonese, 1334

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Kowloon, Hongkong.

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