1939-11-21 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

China's Trade

F

Balance

FAVOURABLE TURN INDICATED

CHUNGKING, Nov. 20 (Cen- tral)Indicating a definite fa- vourable turn in China's fox-

uj

eign trade, customs returns for the port of Shanghai have changed from a heary import- excess

the Arst eight months of the current year to „an export-excess of $65,851,+

461 for September and

Octo-

ber, according to figures just released by the Shanghai maritime customs.

These figures are particularly encouraging. it is pointed out in financial circles. since Shaag hai had steadily shown heavy de- fcit in its foreign trade returns since the outbreak of the war

OCTOBER'S IMPORTS

VOLUME OF CHINA'S TRADE SHOWS RISE

Favourable Balance Shown By Provinces Of Free China

China's volume of international trade which by the end of June, 1939, stood at $1,132,145,221, reached the $1,- 560,163,434 mark in August, according to official sources. In June and August of last year, the figures were only $764,- 916,860 and $1,066,616,399, respectively. In other words, the volume of China's foreign trade in the first eight months of 1939 increased by $493.547,035 over the corresponding period of last year..

The European war has thus however, the US, purchased $19.- far not affected China's inter- 624,501 worth of Chinese goods in national trade, and probably August, and Hongkong purchased will but little, according to $18.112.171 worth. Japan, taking other sources. This is chiefly fourth place. Imported "$43,564.000 due to the fact that most of worth of Chinese goods during the her native goods are market-eight-month period.

In October alone, the total imed in the United States, while ports amounted to $258.455.513 while exports, $306.932.621. repre- senting an excess of $48.477.103 exports over imports.

JAPANESE GOODS

only a few necessities come In the period under review, from Europe. It is generally Japanese goods valued at $226- belleved that China's trade 208.000. were imported into the oc- cupled areas of China. From balance will be greatly streng-

America came. $149.156.000 worth It is expected that the trade thened as a result of the Na-

of goods, while from Germany, Government's returns for the current mpath tional

ban $70,350.000

worth. During the against the importation of same period China imported $37,- non-essential, foreign com- 723,000 worth of goods from British modities.

will be more in China's favour.

The total imports from January to October were valued at $521,555,515 and the total exports $416.244.820, showing an excess of $105,310,- 659 Imports over exports. Imports during the period largely cotton and cotton while textile goods ranked among the exports.

India,

Between The United States is

second

January and August. imported cereals worth among China's markets, the first China place being taken by Hongkong. $159,669,459 and cotton and cotton Between January and August. yarn worth $128,550.156, while she were 1939, the U.S. imported $99,499,000 exported animal products valued yarn worth of goods from China: Hang- at $124,709,491, Fibers and mineral (including metals, netted first kong $135,789,000. Following the ores

enforcement of import restrictions. China $78.849,467 and $72,640,423, respectively. The import of luxuries have registered a drastic drop.

Although considerable quantities of imports and exports still pass through Shanghal, the customs houses in the free southwestern provinces are playing an important role f rebuilding China's trade. Unlike that in the occupied ter ritory, trade in the free south- 31300 Western provinces shows a favour- £84able balance.

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Buyer Seller Baler

$205

$70

::

::

Norţina!

SHAREBROKERS' ASSOCIATION

MONDAY 20.

NOV.

Banks

$1350 H.K. Banks

Do. (Col. Reg.)

Do. (Lon. Bag.)

Chartered Banks Marcaalis Uk. "A" Marcantile Bk. "0"

£81

A

£l

S

Bank of East Azis

N. C. & B. Bankı

Buyer bellers Sales

Yomini

Insurances

Canton InsuYKDOME. ...

$380 Union Insurance ... $375

Underwriters

$175K Fires

#11

93

£279

·$72.

60 OTH.

$205

81

$120

Shipping

Douglas

$70

$12

Steamboata

H

$16

200

Indo-Chines

(Pral.)

850*

$30

Indo-Chinas (Dad.}...

$20

83/2

Bholla

183/9

$8

$1011 $4.15

****

18/0 Kailang

$10 Baubs

$4

$18.80

$3.10 Waterbosta .............

Docks, Wharves,

Godowns, etc.

$101 HK. & K. Wharros

84.20. Providenia

Providente (nuw)

H.K. & W. Dooks...

Do. (new)

8.04 Shanghat Docks 8. $14.40 New Engineerings 6.

Mining

Venezuels Gold Pida

4 cts, Hong Kong Mines ...

Lands, Hotels and Buildings

$4.55 H.K. Hotels #33

HK. Leads ..........

SIVO DO. 4% Debenturer

$10.308hanghai Lands 8.

|H.K. Beation muss

$72 Humphreys

8100 Chinese Estates...

Cotton Milla

Ewo (8.)

#176 8'hal Cottons (8.)

$42 | Zoong Blog (8.) 348 Wing On Textiles (8.)

Public Utilities Tramways

$740 Park Trams (old) $3.70 Peak Trams (new)

Star Ferries

Y'mati Ferries

China Lights (0)

$4.90

$15.70 $18

M⠀

823

$18.80

$204

$14

19/0

891

$9.60

74

1915.70

ཚེ་ཚ་།

BEA

$1.60 $331 98"/

Prices Rise In Japan

TENSE FINANCIAL

POSITION

CHUNGKING, Nov. 20 (Int'l)— The financial position of Japan

is extremely tense owing to excessive issue of banknotes, unceasing inflation, rise in prices

and increasing deterioration of material condi- tions of the working people. according to Tass report from Tokyo,

بازگو

The Bank of Japan holds a huge

sum of non-subscribed bonds, and by the end of October this year the state debt of Japan amounted to twenty billion yen. while the year's issue of banknotes exceeds the planned sum of 500 million yen,

NEW LOANS *

The Yomiuri Shimbun says that the Government intends to float a $4.30 number of new loans and a' special $7.90 loan of four billion yen to cover war expenditure in Chine." The #21.9) Japanese people will have cut $170 down expenses, limit the purchas- ing capacity of the population and Intensify the general mobtization resources.

$49

$100

87.40

33.70 CHINA'S TEA EXPORT

HIT BY WAR

$22

$22

Do. (new)

***

$7,60 $7,86

87.70

843

China Lights (New)

China Lights Rt.

$40

B.K. Electrics..........

18

Macao Mlectrics

$11

Sandakan Lights

m

$201

Talupbones (old) in | $21.

#7

Telephones, (DAW)

$7

18/0 Traction

18/8

18/6

Tractions (praf.), chose

Industrialis

$14

Cald., Mang. (Ord.) 8.

$18

Cald., Macg (Pref.) 8,

#1

Canton Jose

$1

$14.60 $14.90

Comenta

$15

#5

Roper

36

Miscellaneous

8194

Dairy Farm (Old).

$19)

$19 Dairy Farm (New)

10

Ch. E'tainment

$1.55 Constructions

$6.45 311

$1

Contructioer

$7

Lane Crawfords. ...........

"WH Nanyang Tobson......

$4

$1.80 Binor

819

$7.90 $8.10

$97

841 H.K. Wing Ox

B'bal Wing On

281

Vibro Piling

16/0

4/0

#

Watsons

48%, Ch. 0.5% 19250 $Bds. $100 LE Gov. 4% Loans 97

ELK. Govt, 81% Lear

LIMA

| Margmann Xuy, (Lox.)

Maramane Inv. (H.X.)

Wm. Powell

#Balas' to Bangkai

18%

96% SAL

$10

FINANCE

SHOE CO.LTD.

HONGKONG SUPPLIES ALL KINDS OF FOOTWEAR

TUESDAY NOVEMBER 21, 1939, -PAGE 9

Hongkong Daily Press. Brooke Bond

CLASSIFIED.

ADVERTISEMENTS

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

THE JUBILEE SILK STORE Specialists in Gent Wear, Suits Shirts, Pyjamas

and Underwear.

31 Nathan Road, Kowloon

Corner Peking Road.

FIRST-CLASS

Telephone No. 50451

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.

г

1

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31 NATHAN ROAD

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USE

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Tel. 30451.

MADE YOUR HOME CHARMING !

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44A, NATHAN ROAD, KOWLOON...........

FOR SALE

Canteen sets, 208 pieces each, chniplete with attractive cabinets; Peking carpets; large assort- ment attractive Jadies' bags; silverware Including cigarette cases for ideal Christmas gifts: and crystal glass for sale at most reasonable prices made possible by small overhead. Apply No. 10. Bayview Mansions, top Causeway Bay.

POSITION VACANT

floor.

1339

„WANTED: Temporary Assistant Engineer. Applicants should bold the degree of B.Sc. in Engineer- ing of the University of Hong Kong or other recognized Univer- sity, and should preferably be honours graduates. They should have not less than 5 years ex- perience in or upon engineering works and should have a thorough knowledge of reinforced concrete design, construction and draughtsmanship. Preference will be given to applicants who have experience in Harbour Engineer- ing. Salary $4,000 per annum.

Applications stating age, quali- fications and experience, together with

testimonials, coples of

should be sent to the Director of Public Works, Hong Kong, not later than the 4th December.

H. K. STOCK EXCHANGE

The recurring decimal is still

with us, in other words the mar-

To-

ket continues rather "quiet. wards the close however, a few SHANGHAI, NOV. neuter small deals were recorded and in War in Europe is having a cop-

addition a line of Docks changed pling effect on the export of

hands at $181. China's famous tea. Worst-hit area, at present is Cheklang, home of the well-known "lung ching" (literally "dragon well") tea British and French merchanta have stopped buying this tea, and Chinese dealers are purchasing smaller quantities.

Owing to the fall in exports of "ung ching" tea, the price has dropped considerably. Before the European war, Cheklang's annual production of this tea was about 100,000 piculs, most of which, went Fabroad, as in China: it is only bought by the rich. This year, however, only about "15,000 plculs have been exported.

Chinese trade unions in shang- hal have received threatening let- ters from Wang Ching-wei's agents asking them to support Wang, ac- cording to a Shanghai dispatch. The unions are ignoring the threat and have sent telegrams to the National Government pledging continued support. (Central News),

BUYERS Docks, $18.65. Tramways, $15.70. Yaumati"Ferries, $221. Telephones (0), $20.60,

...SELLERS Tramways, $18.

1

N

Ching Lights (OT) $7.85. HE. Govt, 34% Loan, 97,

SALES HK. Bank, $1320. ' Docks, $181. Tramways, $15. Electrics, $50.

Dairy Farms (0), $181. H.K. Govt. 4% Loan; 100.

MANILA GOLD SHARES Antamok, 19ja, Atoks 198, Baguio Gold 15b, Batong Buhay 0106, Benguet Consol. 11.50s, Big Wedge'}· 21h, Coco. Grove 18h, Consol. Mines 0030s, Demonstrations 08a, IXL. 3845. Ipo Gold 158, Itogon Mining 255, Masbates 0918, Mind. Motherlode 07js, Mine Operations 09b, North Camarines 158, Paracale. Gumans 188, San Mauricio 328, Surigao Consol, 181b,' Buyoe Con- sol 131s, Syndicate Inv, 0250, United Paracale 32ža

SHING

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THE

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FROM ALL CENPRADORES

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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

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NEPTUNE

SWIM

SUITS

PRODUCTS COMPANY

20 Queen's Road Central Kayamally Bldg..

Tel. 30882<

TAILORING SHOP

SUMMER

SHIRTS

TEL: K9493.

65 HATHAN ROAD

HING

STORE

DEALER IN PORTUGUESE GOODS.

&

MAÇAO NATIVE PRODUCTS

38A, HANKOW ROAD.

KOWLOON.

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GREATEST COLLECTION OF BARGAINS IN TOWN!

싫수

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Dutch Grown Bulbs Narcissus (Daffodila) Talips and Hyacinths.

Biso

Best Varieties of Tested Flower & Vegetable Seeds all for

Immediate Planting.

Now Obtainable At"

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10 Wyndham St, Hong Kong Established 1896.

Her EYES Won Him.

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WE TAILOR

MEN'S WEAR

REHMAN'S

TCR 50729.

LADIES & CENT'S TAKORS OUTFITTERS, SIEK & SUNDRIES

HOTELS

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ELECTRICAL ENGINEERS

司公噐電亞新

THE NEW ASIA CO.

ELECTRICAL ENGINEERS

And

HOUSE WIRING CONTRACTORS 12, Chin Long St.

RADIO SERVICE

Tel. 34010.

For

prompt and efiçient service in radio repairs, and pur- chases of “ZENITH? long distance radios tör 1939, always cuil at EASTERN RADIO SERVICE · LABORATORY.

228 Nathan Road.

1940.

Kowloon, Hongkong.

RCA

ZENITH AND VICTOR RADIO sets just arrived

"Radio. Repairs & Service) Kindly call or telephone for a free demonstration.

CHUEN YEE HONG

54 Des Voeux Road C.

HOME SERVICE

Worried by

Telephone 24311.

WHITE ANTS

Plan their Eradication---Consult

Thomas Cowan & Co. Jardine, Matheson & Co., Ltd.

Queen's Building.

Phone 30722.

Agents in

Hong Kong Cantón Swatow

Phané 30311.

Inspection & Estimates Free.

Jimmy's

ENGRAVERS

FEI FEI & CO. Photo Engravers

18. Cochrane Street, Telephone: No. 22224,

BAGGAGE TRANSFERS

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CLEARED & DELIVERED ESTIMATES ON REQUEST

COLONY BAGGAGE TRANSFER

DESERVICE

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·COMPANT ....

·Tel:- 34429. Hong Kong.