1939-11-02 — Page 9

11

HONGKONG DAILY PRESS

Finance and Commerce

FIXED SAVINGS CHINESE DOLLAR HAS NOW DEFINITELY ESCAPED THE QUICKSANDS: INFLUENCE

IN FOREIGN CURRENCIES

CHUNGRING, Nov. 1 (Central) --The Ministry of Finance, in a proclamsilon yesterday, announc- ed the institution of fixed savings In foreign currencies as a further step to encourago savinga and in- duce capital for national recon- struction.

British, American, French and other foreign currencies approved by the Ministry may be deposited in either of the four government banks, namely, the Central Bank. the Bank of China, the Bank of Communications and the Farmers'

Bank

REPAYMENT

principal

OF MOB PSYCHOLOGY

SHANGHAI, Nov: 1 (Reuter)-The various influences at work in the recent steadiness of the Chinese dollar is the subject of a lengthy comment by "Finance and Commerce," the leading financial weekly, in a review of the local exchange market in the past week.

,ཋཱ;;

Pointing out that the steady appreciation of the dollar last week was accompanied by a general feeling of optimism: that the dollar had definitely escaped from the quick-sands and would stay in future on higher and more solid ground, "Finance and Commerce" states that the fact that this impres- sion prevails is in itself of the most material assistance to the market.

V

"What may be termed mob| "Finance and Commerce" then psychology has a considerable in- declares that the selling of ster- fluence on exchange. A few weeksling from Hongkong" was accen- Repayment of

and

when the dollar was be-tuated recently by the exchange payment of Interest will be to the ago, same kind of foreign currency as low. three-pence-half-penny, the restrictions in the Colony probably frst much-needed deposited "The rates of interest opinion was treely expressed that brought the are fixed at 4 per cent., 5 per cent,

6 per cent. and 7 per cent. for de- posits of two, three, four and five years respectively.

there was nothing to prevent its assistance to the dollar.

an abyss and its plunge into final disappearance.

NOT SPECULATIVE

There CONFIDENCE RESTORED

has also been selling. under similar circumstances, from National currency may also be

"Since it has been showing signs Singapore, while Indo-China and converted into foreign currency at |

have contributed thetr the exchange rate announced and of revived strength and vitality. Manila "deposited in either of the four gov-public confidence has been, to quota in connection with trade ernment banks or any other. Chi-isome extent, restored ・・・ When requirements and now the local Деве bank undertaking savings one turns we all turn' state of Chinese, of whom large numbers with the authorisation of the Min-jund which is implicit that the possess varying small amounts of Istry. The maximum amount of matto has affected the course of exchange, are keeping the ball deposits of this category is $20,000 9xchange more than any other rolling. national currency. The rates of single factor; but such questions interests are fixed at 2 per cent.. as who, or what, started the turn- how long it 21 per cent, and 3 per cent for ng movement and deposits of three, four, and five will be before there is a right- years respectively.

about-face is difficult to antwer.”

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Bayer

Ber

፡፡

*DIS

اعما Noun

SHAREBROKERS' ASSOCIATION

WED.. 1.

NOV.

Banks

$1328 H.K. Banks ne

$79. Do. (Col. Beg.)

277

Do. (Los. Reg.)

7

Chartered Banks

127 Mercantile Bk. "A"

Mercantila Bita. "O"

***

$202, Canton Insuranowe ...

$400

312

$175 H.K. Fires

Buyer

Mollere

Jamian

81320

£77 £7 £201

211

$79

Bank of East Ads

972

N. C. & B. Baka ... Insurances

50 cts.

$201

Union Inexpatices .... Underwriters

81

$400

$170

Shipping.

$68.

***

Douglass

$67

$12

Steamboats

$16

860

Indo-Chinas

(Prof.)

$50

$30

Indo-Chinas (Def.)...

$20

85/0

Shells

25/0

$8.10 Waterboste

Docks, Wharves,

Godowns, etc.

H.K. & L. Wisyros | $100

Providenta

$4

Providents (now)

H. & W. Docks... $18)

Do. (www)

$181

81758hangbai Docks B....

8162 $14

13/9

$10

મ

100

$18

$189

$144 New Engineerings. 8.

Mining

13/9 Kallans

$9.00 Raabe inauman

'84 Venezuela Gold Fide

4 eta. Hong Kong Mines...

Lands, Botels and

Buildings

$221

$491

: :

$40

H.K. Hotals......................

$32

H.K. Landa .................

$32

par

Do. 4% Debenjurus

98"

#9

Shanghai Lands B

$4

12

$4.10 H.K. Koallinu 97

ex.div. $98

Humphreys

Chinese Estates

Cotton Mil

Ewo · (8.)

1176 9'hs1 Cotions (8.) ...

$42 Zoong Blings (8.) $484, Wing On Textiles (8.)

216

Public Utilities Tramwayn

#7 10 Peak Tramp (old) is.

$3.70 Peak Traza (new) ...

951

Star Ferrino ....................... Y'mati Ferries

Do. (new)

$7.80 China Lights (0)

China Lights (New) China Lights Bts: H.K. Electrics

818 Macao Electrics... $114 Bandakan. Lighte uni $20.90 Telephone (old) ...... $7.60 Telephonse "(new) 19/0Tractions

22/0) Tractions (pref.)

#

#

!!!

1221

Selling by the latter is not of the speculative variety and they are purchasing dollars again because the period of steadiness and the suggestion of an upward trend has con- vinced them that the time is opportune and that further delay may place them in a less advantageous position.

THE FUTURE

bankers Among Chinese

and businessmen, who are in the best position to read the "financial baro- meter, the impression appears to be that selling will continue for) another month or two and, as a consequence, a fairly steady mar kel may be anticipated until about the end of the year,

Beyond that period, no one » ventures to forecast. Every- thing will turn upon develop- ments in the political field, the issues of war and peace and the state of trade.

FINANCE

THURSDAY, NOVEMBER 2, 1939. -PAGE 9

Hongkong Daily Press Brooke Bond

CLASSIFIED

ADVERTISEMENTS

THE

BETTER

LADIES AND GENTS, TAILORS

RELIABLE TAILORING

Large assortment of Guaranteed English Material and Gents' Neckties, Shirts, Sacks and Collars just ar- » rived. Available at reasonable prices. Full satisfaction Guaranteed.

??

71%

4

THE JUBILEE SILK STORE Specialistä in Gents Wear, Sufts, shirts. Pyjam

and Underwear,"

31 Nathan Road, Kowloon.

Corner Peking Road.

FIRST-CLASS

Telephone No. 50431

SHANGHAI LADIES' TAILORS

Large Selection of Ready Made Ladies' Fur Coats, Winter Costumes and Overcoats always in stock at reasonable prices.

Alterations undertaken on Ladies' Furs and Foxes.

*

LONG KEE

Corner Peking Road,

USE

31 NATHAN BOAD

THOMPSON

LADIES'

38,

Tel. 30451.

TAILOR

MODERN DRESS

CHEAP SALE

NATHAN ROAD, KOWLOON.

SPECIALTY SHOPS

MADE YOUR HOME CHARMING 1

B. B. Co., LAMPSHADE

444. NATHAN ROAD, KOWLOON.

Development Of Szechuan

Coal Mining Described

Coal mines in Szechwan produced over 1,000,000 tons In 1938, according to recently published figures. Over half, 535,000 tons, came from mines in the eastern section of the province, along the Kialing and Kikiang rivers and at Yungchdan. Mines in western Szechwan contributed 300,000 tons with the remaining 175,000 tons from mid- regions.

SHING

TEL: 59493.

MING

DUALERS IN

STORE

PORTUGUESE GOODS ·

MACAO NATIVE PRODUCTS

36A. HANKOW ROAD,

KOWLOON.

AUCTIONEERS

GREATEST COLELETION OF PARGAINS EN TOWN!

LAMMERTS AUCTION ROOM

Mines in eastern Szechwan operating. Palmlagtse Kiangpe are assured of a good future.) county, has three fair-sized Both in reserves, transporta- mines, with an aggregate dally tamen vt be ava 2. Caught

550 tons," The tion facilities and geographic output of some

mines ut Hsiahsikow, Pishan nearness to market, they are superior, to those in other county, have a combined produc..... parts of the province. Chung-on of 300 tons a day.

western

IN THE WEST king alone consumes 400,000

The coal "miries in tons of coal a year. With so

Szechwan are centred between $7.00 many factories moved from the Min and the Tatu rivers. down-river cities, the demand when the Suifu-Kunming Rall- for coal in Chungking 19 way is completed and when new bound to increase as time industrial centres are established at Loshan (Kisting) and Ipin

Along the Kialing River, which (Sulfu), the demand for coal in meets the Yangtze at Chungking, that region will necessarily in- no less than 300 coal mines are crense.

-$22

$162 $12 $60

goes on.

$15.80 $18

$7.40 $3.70

860

$7.80 $41

$50

$10

$20

$7.10

92/-

Industriala

814

|Cald., Maog. (Ord.) 8.

$18

Cald., Macg. (Fref.) 8.

31

Canton Loos

814

$14

B4F0

$97

Cements

་་་་་་་་་་་་་

64.90 Bop Le paraissantereacte

Miscellaneous

820Dairy Burma (Old), $19 Dairy Farm (New).... $8.25 Ch. 'tainments...... $1.55 Constructions (014)

$1 Constructions (now)

17

Lane Crawford

Nanyang Tobsoo

$1,80 Sincerts LI SIGLAPUDI M 87.90. Watsona

35% Ch. G.5% 1925G #Bds.

$100 EL. Cort. 4% Loans

H.K. Gort. BLO

14 H.K. Wing. On...

S'hal Wing On Vibro Piling Marzmana Inv. (Lon.) | Maraisos Kay." (BLK) Wm. Powellemannivers #Balato Shanghai

[12:9

$10

⠀

820 #101

H. K. STOCK EXCHANGE

The market continues rather dull-there-are enquiries but nego tlations remain difficult,

BUTERS

Yammat Ferries, $22.

SELLERS

HK Govt. 31% Loan, 87.

BALES

HK. Docks, $18%.

PHILIPPINE GOLD MINING QUOTATIONS

Manila Gold Shares:-Atoks

26.60 1416, Antamok, 13b, Baguio Gold 13 b, Batong Buhay 0090, Benguet Consol. 10.10b, Elg Wedge 181b, Coco Grove 133b, Consol. Mines $1.880030s, Demonstration 0348, I X. L.

$7

Bi

35%

98.

96%

341

88}

$1

North of the Mapien River, the Ministry of Economic Affairs has set aside a large district to be mined by the government. A $1,200,000 Kiayang Coat Company has been organized by the Na- tional Resources commission, the Chung Fu Mining Administration, the Ming Sung Industrial Come pany and the Mei Feng Bank, Parts of the machines and technical workers from the Chung Fu mines in Talaotso, Honan, are being utilized by the Kiayang Company. It is planned to produce 500 tons a day in the first stage, and 1,000 tons a day in the bècond-ENT)

MOBILIZATION OF INDUSTRY FOR WAR IN AUSTRALIA CANBERRA, Nov. 1" (Reuter) —-

Jf

Rad dated. Telepon No 2012!

Dutch Grown Bulbs Narcissus (Daffodils) Tulips and Hyacinths

also

Best Varieties of Tested Flower & Vegetable Seeds

all for

Immediate Planting.

Now Obtainable At

GRACA G CÓ.

10 Wyndham St., Hong Kong Established 1898.

SUMMER

FROM ALL

DRESSES, DAY & EVENING HATS, BAGS & BEACH TOGS st, very moderate prices. Call on us and let us demonstrate to you THE SHANGHAI SUN FAT COMPANY. EXPERT LADIES' TAILORS

No. 30, Nathan Road, Kowloon.

Telephone No. 56846.

Do not MISS your OPPORTUNITY while in HONGKONG

COME and SEE the WONDERS that

NEPTUNE has made.

NEPTUNE PRODUCTS COMPANY

SWIM

SUITS

65 NATHAN ROAD

20 Queen's Road Central Kayamally Bldg.

Tel. 30862

TAILORING' SHOP

WE TAILOR

MEN'S WEAR

SUMMERY

SHIRTS

REHMAN'S

FIL 20729

LADIES & CÈNT'S TAJOAS OUTFITTERS, SILK & SUNDRIES

HOTELS

MARBLE HALL (and Annexs Private Hotel), 34.

Granville and 103, Austin Roads, Kowloon tennis courts. Beautiful garden. Rooms and suiten, with-pivate bathroomIS. All modern conveniences. Apply proprietre, 105, Austin Road. Phona 50233 and 34, Granvils Bond. Phone 89433,

METROPOLE HOTEL

Central, Clean; Comfortable.

All modern conveniences. All rooms with Private Bath. Mo-

derate Dally or Monthly rates. Fully licenced: Tea Dance Daily. Latest Swing Band 5-7.30 p.m. Tel. 24435.

ELECTRICAL

ENGINEERS.

司公電亞新

THE NEW ASIA CO.

ELECTRICAL ENGINEERS

And

HOUSE WIRING CONTRACTORS

Tel. 34010. 12, Chiu Lung St.

RADIO SERVICE

For prompt and efficient service in radio repairs, a

“and pur-' chases of "ZENITH" long distance radios for 1939, always call at.

EASTERN RADIO SERVICE. LABORATORY.

228 Nathan Road.

1940

Kowloon, Hongkong.

ZENITH AND RCA VICTOR RADIO sets just arrived (Radio Repairs & Servica) Kindly call or telephone for a free demonstration.

CHUEN YEE · HONG

54 Des Voeux Road C.

E HOME SERVICE

Telephone 24311..

Worried by WHITE ANTS

Plan their Eradication-Consult

Her EYES Won Him Thomas Cowan & Co. Jardine, Matheson & Co., Ltd.

CLEAR MILKY WHITE LUSTROUS THOUSANDS CLEAR EYES. Sands, Jam Enty Way "FYER 'maddead, or, promiomthe wined by lata 11 hours or ove, indişlemons, Choumenda of girl cam cies them to seconds. With new acustider EYE- CENE. And what a differenon when whites are clear —sparkling wbitat Honey bank (1) taller Rotrebam sonības tīro ayw like magia. Bizinless-wafa, Glet EYE CENE at any drug or department store

Menu EYE-GENE

35s, Ipo Gold 120, Itogon Mining Another step was taken yester *** | 22j8, Manbulao Consol.' 032b, Mas- day in the mobilising of Aus-

Consol. 0748, Mindanao tralia's Industry for war, bate Motherlode 071. Mine Operation facturers are now obliged to de- 0798, North Camarines 13b, Para ver immediately goods urgently

for cale Gammana 18b. Ban Mauricio required

· natural· defence, Tib, Burigao Consol. 15b, Buyoc Prices are fixed under agreement Consol 11b. Byndicate Investment between the Government and the 018b," United Paracale 270.

manufacturers ·

Obtainable at alt leading Drug & Department Stores Sale Distributors: UNITED" TRADERS-Hong Kong

Queen's Building. Phone 30724

Agents in

· Hong Kong---Canton Swato

Phone 30011A Inspection & Estimates Free.

Jimmy's

ENGRAVERS

FEI-FEI & CO.

Photo

18, Coch

Foochow

BAGGAGE TRANSFERS!

~AT LOW COST PACKING & SHIPPING INWARD SHIPMENTS CLEARED & DELIVERED ESTIMATES ON REQUEST COLONY BAIGADE TRANSFER

PARTSERVICE A

Proprietors

THE COLONY TRANSPORTATION

COMPANYARA M

Four Co

Tel: 3444