1939-12-12 — Page 9

HONGKONG DAILY PRESS

い

Finance and Commerce

NEW MARKET

FOR

MONEY AND EXCHANGE

RUBBER LATEX

The Director of the Hübber Research Scheme, Mr. T. E, H. O'Brien, has drawn the attention of the rubber, industry to the possible development of an export trade in rubber latex.

According to advices from London received by Mr. O'Brien, there is at present an active demand for latex Recent enquides received at the Rubber Research Institute from India also indicate that an entirely new market for latex is being developed in that country,.

view.

CLOSING QUOTATIONS DECEMBER 11. 1939

On London:

Telegraphic Transter. 1/2 7/8 Bank Bills, on demand)/2 7/8 Credits 4 months' aight 1/3 1/4 On Shanghai:-

FINANCE

45

H. K. STOCK

EXCHANGE

PRICES SHOOT

UP IN N. CHINA

The hardships of the Japanese

Rater continue to show some im- occupation of North China are. provement and the undertone of shown by the following "ngures, printed in the "Teking Chronicle,” the market is steady to firm

BUYERS

H.K. Bank, $1930. Bank of East Asia, $71. Canton ms, $210. Union Ina, $390. Douglases, $71. - Docks, $19.10. Providents, 4.30.

H. & S, Hotels, $4.65. Lands, $33.

Humphreys, $7.

Chinese Estates, $100, Tramways, $18.30.

Commodity prices in Tientsin continue to soar in spite of the efforts of the authorities to check the upward tendency. The follow- Ing are latest indices for various articles of daily necessity as com- pared with the figures of last year: Nov, 1938 Oct. 1939 108.97 264,49 cloth 142.11

Provisions Clothing. Metals

Building Ma-

281,48 264,65 614.98

On demand India:-

On demand 320 On Singapore :-----

On demand

52 3/4

102 3/4

terials Fuel

Yaumati Ferries, $23), China Lights (0), $7.85. Electrics, $513.

Miscellaneous

Average

190.08 309.52 20214 301.06 175.39 297.93 177.11 233.13

Sandakan Lights; $11.

On

Telegraphic Transfer. and demand....... New York:-

82 1/2

Un

Bank Bills, on demand 24 1/4 Credits. 60 days' sight 24 7/8 Batavia :-

On demand

15 1/8

Paris:-

(a) The rainfall of Malaya is That a demand for latex from India would most logically be supdistributed in such a way that On Japan:- pilled by Ceylon, is Mr. O'Brien's] there is relatively little interference

with tapping. In Ceylon the pro-On Malaya and the Netherlands East portion of days on which latex is Indles are the chlet countries diluted with rain is much higher. which at present export latex to (b) For about three months in Europe and America. Ceylon has the year, namely, February, May never made any serious attempt to and June, the collection of latex enter the latex market. She only for shipment is not practicable, has occasional small shipments to her credit in this trade.

(c) The estate units are small, For the shipment of large uniforin Hetween 1938 and 1937 the total consignments it would be neces world consumption of preserved sary for estates to adopt co-opera- | latex had increased tenfold, the tive measures for bulking. Alterns-On consumption in 1937 being about tively, the establishment of a cen- 35,000 tons.

In 1938 there was a falling off, ..but in the Arst four months of 1939, it is stated, the rate of con- sumption was equal to that of the previous peak year, 1937 1

tral latex factory in Colombo would have to be considered.

The market requirements are such that it is difficult to dispose of small or non-uniform parcels of latex, and the difficulty is likely to increase. But there is a ready

Bank Bills, on demand 1690 · Credits 4 months' sight 1145 Salzon

On demand Ju Manila:-

On demand On Bangkok:-

On demand Sterling Notes:-

Bank Buying Rate Bar Sliver per oz

The fallure of Ceylon producers. to take

up the manufacture of market for high quality latex, both Market Report latex raises the question whether normal

and concentrated

LET

there are any factors associated uniform consignments of not less with conditions peculiar to Ceylon than 10,000 gallons. which militate against the success-

‚' ful production of latex

EXPIRY OF PATENTS

108 1/2

48 1/2

149 1/3

."

1/4

93 1/8

FROM BOZA BROS. Silver prices were unchanged over the week-end, the quotations THREE DISADVANTAGES The commercial production of remaining at 23.1/8 for Ready and American In comparison with Malaya, Cey- concentrated later both by cream-23.5/16 for Forward.

quoted at 34.3/4 for centrifugation has Silver, was lon is at a disadvantage, states Mr. ing and by O'Brien, in three respecta --

Continued on Page 10

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Buyers Bellors

وم الاحد

11

Samine

$1330

£81

£8

A

$71

$210

$390

$220

SHAREBROKERS' ASSOCIATION

MONDAY 11.

DEC.

!

Banks

EL.K. Banks

Do. (Col. Reg.)

Đo Loa B

Chartered Banki

#291 Marcantile Bl. "A"

£11 Mercantile B. "C"

Bank of Eart Asla ....

N. C & 8. Banks .......

InsuranceS

Buyers Sellers Balsomina

Spot.

The London-New York cross- rate was quoted at 402. New York-London

quoted 391.1/4.

was

Market

Quiet throughout the day.

Sterling

sit

There were sellers at 1/2.31/32 | December/February, probably March and 1/2.15/16 April/May, $1330 buyers at 1/3 Cash and 1/2.31/32 £84 April

£2

£8

£104

£

$73

U.S. Dollars

1

There were sellers at 24.3/8 Cash, 245/16 December: 24.3/15 January and 241/16 February.

50 cts. buyers at 24.7/16 Cash, 24.3/8 De- cember, 24.1/4 probably January and, 24.1/8 February.

Canton InsuÜFENOME

$200

Union InarANESE

8395

1

Underwriters

$1

8100 H.K. Fico

#18Q

Shipping

871

Donglaman

STO

$11

Steambosta

871

$70

Indo-Chinas (Prof.)

$40

Indo-Chinas (Def.)...

850 $20

79/4) Shells

79/41

$8.10 Waterbosis

86

Docks, Wharves,

8101

$19.10]

$430

$19.10

24.35

$19

TP<

84.30

, གྷ::;

Godowns, etc.

$101 B.K. & E Wharves

Providents

Providente (new)

H.E. & W. Deska... $19

Do. (now)

8195 Shanghai Docks 8. 817.00 New Engineering

Mining

17/6 Kailan

84 Venezuela Gold Fla

4 cla Hong Kong Mine... Lands, Hotels and Building

H.E. Hotels......... K.K. Laoda Vale

34.65 $33

$4.671

$33

#33)

3100 Do. 4% Debentures 810 80 Shanghs! Lands 84.30 H.K. Boltine

8

*$100

$18.30 $16

3561 $231

$7.85

P

$111

24

38

871 Humphreys ----ée

Chinese Estates Cotton Mill

(8.)

825 -0) Ewe

#162 B'hui Cctions (15.) ... $42 Zoong Bags (8.) .... 848 Wing On Textiles (8.)

Public Utilities

Fank Tram (old) ***

14

Shanghai Dollars

At the opening there were sell- ers at 332 resulting in some busi- ness at this rate. Subsequently the rate receded to 323 and at the close sellers were quoted at 329,

Shanghal Market

Sterling opened with sellers for Spot at 4.31/64. Later the rate rose to 4.17/32 and at the close sellers were quoted at 4.33/64 for Spot. US. Dollars sellers for Spot at 7.9/32 at the opening. Subse- quently the rate rose to 7.13/32. $17.00 At the close sellers were quoted at

73/8 for Spot.

$195

18/0

B101

L:

43

$4.85

Afternoon Market The market was quiet in the afternoon.

Sterling

The market closed with sellers at 1/231/32 December/February, 100% and 1/2.15/16 April/May, buyers at 1/3 Cash and 1/2.31/32 April

U.S. DollarS

Sellers at 24.3/8 Cash, 24.5/16 December. 243/16 January and 24.1/18 February, buyers at 24.7/18

Telephone (O), $24). Telephone (N), $8. Cements, $15). Ropes, $5.30.

Dairy Farms (O), $20). Dairy Farms (N), $19), Watsons. $8.33. Entertainments. $8.35. Constructions (0), $11.

SELLERS

Canton Ins, $200. Providents, $4.43. Tramways, $18.

SALES

HK Bank, $1340. Providents, $4,324. Star Ferries, $67. Electrics, $51. Telephone (0), $241/24..

"

SHOE CO.LTD.

HONGKONG SUPPLIES ALL

KINDS OF FOOTWEAR

Cements, $154.

Dairy Farms (0), $20). # Dairy Farms (N), $193. Entertainments, $6).

MANILA GOLD SHARES Atoks 18b, Antamors 16s, Baguio Gold 154b, Batong Buhay 012, Benguet Consol. ung., Big Wedge, 20s, Coco Groves 16)s, Consol. Mines 0038, Demonstrations 0915 East | Mindanao 1015, I. X. L 4}8, Ipo Gold 14b, Itogons 281s, Mambulao Consol 019s Masbates 10s, Mia- danao Motherlode 0838, Mine Opera tions 108, North Camarines "15)b, Paracale Gumaus 194s, San Mauri- clo 80s, Surigao Consol. 16ja, Buyões 1313, Syndicate Investmenta 02, United Paracales 32ļa

TUESDAY, DECEMBER 12, 1939. -PAGE 9

CHINA

JAPAN

THE PERFECT HOLIDAY

A PARADISE CRUISE

TO BALI & JAVA

Roundtrip in 30 days ----

AT SPECIAL EXCURSION FARES

SAILINGS

To BALI & JAVA VIA PL. PORTS:-

THIS WEEK

To BATAVIA 1 HAIPHONG

2nd HALF DECEMBER,

To AMOY & SHANGHAI- THIS WEEK

For particulars apply:-

·JAVA-CHIŊA-JAPAN LIJN N.V. HONGKONG—AMOY-SWATOW-CANTON

Macao Agent

EL NOLASCO 'DA SILVA.

MODERN

LIJN EXPRESS SERVICE

CANADA'S TEA

IMPORTS

...

$6,077,736. Most of this was im- ported direct from British India and Ceylon with smaller quantities OTTAWA, Dec. 1-Imports of coming from China, Japan and tea into Canada ing the first Dutch East Indies. Quantities, are eight months of 1939 amounted also imported through the United } to 28,145,433 pounds valued at Kingdom.

Hongkong Daily Press CLASSIFIED ADVERTISEMENTS

LADIES AND GENTS, TAILORS

RELIABLE TAILORING

"

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

1

THE JUBILEE SILK STORE Specialists in Gents' Wear; Sults, Shirta, Pyjamas

and Underwear,

31 Nathan Road, Kowloon.

Corner Peking Road,

Her EYES Won Him

CLEAR MILKY WHITE. LUSTROUS|

THOUSANDS CLEAR EV23. In Saconds.Hew Enty May

JA, TALTEEN KE Amer-indulgence-thousands of girle now clear them in aconda With new cheating EYE- GENE, AML what a diderenon when whitom are clour

weddened or prominently ined by Lete

parking white locar back (18 die Retrato

ponthes fired eye like magic, Stainless-ft. Get LEYE-GENE at any drug or department atore

EYE-GENE

Obtainable at all ́

Cash, 24.3/8 December, 241/4 | leading Drug & Department Storez probably January and 241/8 Feb-

Shanghai Dollars

Shanghai Market

$1.40 $7.90

8264

$162 $42

$100

rary.

Tramways

#1 30

$8

$8

$29.

Peak Trama (new)

34

Star Fueries..................

866

T'ati Farrin

#254

Do. (new)

Chinn Lights (0)

$7.70

$4 China Lights (New)

84.70

China Lights Rte.

**

H.K. Electrice

8511

Bandakan Lights ..........

London

Telephones (old)

224

Telephones ~[new]

$8

New York

18/6

Japan

India ........

$18 Macao Elsotekm

18/3 Tractions

18/9 Tractions (peut.)

$14.90 Cald., Macg. (Ord.) B.

Industrials

Constructions

Constructions

Sterling sellers for Spot were quoted at 41/2 towards the close.

Shanghai Exchange

Shanghai, Dec. 11 (Reuter)..

Official T.T. Rates !

Paris

Hongkong

1

Sellers

3/4-1/4

6-7/8 20-1/4

23-1/2 3.11

28-1/4

Selling Opening.. Closing 0/4-31/640/4-33/64

0/4-31/64 0/4-33/64 0/4-29/84 0/4-1/2

D.8, Dollars

$13

Cald., Macg (Fref.) 8.

$1

Canton Lon

$16,40 8751

$5.20

Camenie

$15.40

Bopesviruses.

25 25

Miscellaneous

Spot

6201

$20.40]

Dairy Farm (Old) ...

3201

Dec.

..$10

Dairy Farin (New)

$19

Jan

38.35

Ch. E'tainmenta

$6 30

814

[old]

$1.75

ΤΙ

Spot

$7-9/32

$8

Dec

.... 7-1/4

84

Jan.

7-5/32

88.35

47%

100%

97%

141

$10

$8.35

*****

$71 Lane Crawfords

$1.30

47.

Nanyang Tobio ....

* Ch. G.5%, 1926G #Bdı,

$100 H.K. Gort. 49. Losus 387 H.K. Govt. 82% Lown

$41 H.K. Wing On

14/0

40

S'ka Wing On mán Vibro Piling

Maremans Low (Lon.)

Maramans Inv. (H.K.) Wm. Powells „ummer, {"Belek to Shanghal

$1.75

***

Market:Quiet.

Merchant Rates

Sterling, 0/4-1/2.

US. Dollars. $7-5/16.

Silver duty Rate

$7-3/8

7-11/32 7-1/4

Sale Distributors: UNITED TRADERS-Hong Kong.

BONDS DRAWN IN

SHANGHAI

CHUNGKING, Dec, 11 (Central)-- The eighth drawing of Consolida- tion Bonds "E" and seventeenth drawing of Telegraph Bonds were held in Shanghai on December 9.

Consolidation Bonds "E" with

Telephone No; 50451

Jimmy's

AUCTIONEERS

GREATEST COLLECTION OF BARGAINS IN TOWN!

LAMMERTS AUCTION ROOM Laumert Brothers -2. Commught Road Cellr H. Telephone No. 20224.

ENGRAVERS

FEI FEI & CO. Photo Engravers

18, Cochrane Street, Telephone No. 27224,

BUTTERICK LADIES TAILOR

Ready made Costumes, overcoats, and evening dresses made to order. No: 18 Wyndham St. Tel 23615.

the terminals "033", "129′′", 1 BEAUTIFY YOUR

"383", "878" - "775") #831"

and

"900", and Telegraph Bonds with

the terminals "20", "74", and "83"

HOME

Flowers beautify and make the were drawn and are due for re- Home attractive as nothing else

can do..

payment:

HONGKONG

SHAREBROKERS"

ASSOCIATION

Volume Of Business Transacted

on Monday, Dec. 11, 1939."

The Central Bank of China's H.K. Banks rate on

London at

|today was 1/2-1/20,

10

am. HK Docks

FOR SALE FINE SELECTION OF

GARDEN SEEDS

from": SUFTON & BONS, Reading,' ARTHUR YATES & CO. LTD. Sydney,

GRACA & Co.

31.340.00

Dealers in Flower and Vegetable 19,10

Seeds, Philatelic Goods Toys, Etc. 67.00

No. 10, WYNDHAM STREET, MA 8.25P.O. Box No. 620, RONG TONG

150

100

Telephones" (N)

100

#1 The Equalisation rate was 22-1/2 Star Ferry

per cent

SUMMER

MARBLE HALL

(and Annexe, Private Hotel), 34, Granville and 103, Austin Roads, Kowloon, tennis courts. Beautiful garden. Rooms and suites, with private bathrooms, All modern conveniences. Apply proprietress, 103, Austin Road, Phone 50233 and 34, Grantville Road. Phone' 59433.

DRESSES, DAY & EVENING HATS, BAGS & BEACH TOGS

at 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:

FIRST-CLASS

Telephone No. 56318.

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

31 NATHAN BOAD

Corner Peking Boad

THOMPSON

LADIES'

38,

Tel. 50451.

TAILOR

MODERN DRESS

CHEAP SALE

NATHAN ROAD, KOWLOON,

HOTELS

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. 24425.

RADIO SERVICE-

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

EASTERN Radio ServiCE LABORATORY. Kowloon, Hongkong. 228 Nathan Road.

FOR XMAS & NEW YEAR..

GIVE A ZENITH.... 1940 · · MODEL '86313 - ALL. „WAVE, SET.

$99.50

GUARANTEE TO RECEIVE LONDON..

·PARIS, MOSCOW &c., DIRECT. - CHUEN YEE HONG

54 Des Voeux Road C..

Telephone 24311.