1940-01-04 — Page 9

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HONGKONG DAILY PRESS

Finance and Commerce

China Develops Wool

Trade: Foils Japanese

Plan To Seize Stocks

Effective measures for the control of the wool industry in China have been enforced by the Foreign Trade Commission of the Ministry of Finance. These theasures are calculated on the one hand, to im- prove and increase the wool production and on the other, to counter- act Japanese attempts to seize the wool in North China.

The commission began its tom-the Japanese, the Lanchow office prehensive programme Ärst in the of the Foreign Trade Commission provinces of Kansu, Ningsia and promulgated regulations whereby Chinghal which produce more than all wool merchants and dealers are 200.000 plculs of wool annually. required to apply to the office for An office was established in Lan-permits.

chow in March, 1938, which ̈eo- Japan has long looked upon the operated with the Kansu provin-wool industry in North China with cial government for a "wholesale covetous eyes. her production of purchase of all the wool produced wool being estimated at only 900 in the three provinces. The com- plculs arnally. Since her oc-

NEW U.S.-JAPAN TRADE TREATY ADVOCATED

NEW YORK, Dec. 18 (Havas by Airmail)-Mr. William R. Castle, former Under Secretary of State. in a radio forum recently, advo- cated the signing of a new Jap anese-American Trade Agreement to replace that which expires January 26.

To let the agreement lapse with- out renewal, he said, would work economic hardships on both coun- tries. If expiration were followed by an embargo! he added. "Japan want could only believe that we

bloc war," and would turn to with Germany and Russia.

R

mission contributed 80 per cent of cupation of North China, six CHINESE REQUEST

of the $2,000,000 capital placed at Japanese concerns have jointly or- the disposal of the purchasing gantzed A so-called Mongolian

office.

SOVIET CONTRACT

Wool Dealers Association and a

TO U.S.A.

company capitalized at $3,000,000 Economic Sanctions

A new era of development in has been established at Kalgan to China's Wartime wool industry was handle the wool business in North marked in June, 1939 when a con- and North-west China. tract for the export of wool to Soviet Russia was concluded by the commission. Four consign- ments of wool, totalling 14,000 piculs, were sold to Soviet Russia for $1,888,100.

י

LI

Measures for the improvement

HONGKONG'

SHAREBROKERS

ASSOCIATION

Volume Of Business Transacted

of the wool industry include a on Wednesday, Jan. 3, 1940. wool-cleaning factory established Dairy Farms (N)

at Lanchow. It is also planned to HK. Lands Improve the stock of Chinese sheep HK. Docks and goats through cross-breeding H.K. Docks with imported pedigree stock. H.K. Docks

FOILING THE JAPANESE

HK. Docks

With a view to preventing the Raubs Chinese wool from being seized by Raubs

Against Japan

CHUNGKING Jan. 3 (Central)- The Standing Committee of the Chinese People's Foreign Relations Association decided at a meeting President yesterday to cable to Roosevelt requesting him to adopt economic measures against Japan after the expiration of the .8. Japanese Treaty of Commercial and Navigation on Jan. 26.

193 $21.00 400 33.00 200 21.40

A ten reception will be given by 300 20.60

the Association at the International 500 21.00

Club In honour of M. Henri Cosme, 200 21.00 500

10.47 the French Ambassador to China, 300 10.40 tomorrow afternoon;

HONGKONG SHARE" QUOTATIONS

SHAREBROKERS' ASSOCIATION

STOCK EXCHANGE

Boyer Bell Balen

Nomical

WED..

JAN.

Bankc

3.

Expers | HeBerm

$1380) ·$1380) $1350)

H.K. Banks

£84 £811 .82

041

Do. (Col. Reg-}

Do, (Lon, Reg)

Chartered Banks *****

29 Mercantile Bhs. “A”

8:356

Preparations are being made for the opening of branches of the Association, in Hunan. Kwelchow. Perak, Jehore, Malacca, Selangor, and other places.

Construction of the new Associa Sales Nominal tion building in Chungking has been completed. It will be opened to public inspection on Jan. 14.

£8

£11

Marcantile Bk. "O"

$78

Bank of East Asia ---

£291 £111

$78

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

150 eta,

Insurances

$200 $495

$205

Canton Insurance ...

$230

Union Inmaganem

8425

#1}

Underwriters

O eta

$185 H. Fire

Shipping

$72

$180

Dongissa temaendel

311

Steamboats

Indo-Chinse (Prof.)

890

81/3

$41

$20.40

|$20,30/|49)...

#

::

$7.40

#323

„Indo-Chinas · (Del.).......

Shells

Waterbosts

Docks, Wharves,

Godowns, etc.

101 H.K. & K Wharves $101

Provident

Providente (new)

E.K. & W. Decks...$20.30

Do. (new)

$514 Shanghai Dooks B. $19.80 New Engineering 8.

17/6 Kailas

Mining

$10.10 Rauba maiswampane Venezuela Gold Fida

$4

4 cts. Hong Kong Minen...

Lands, Hotels and

Bulidings

H.K. Hotelz

HK. Landa........

$100 Do. $% Debentures

$12

Bbaaghi Lands 8. H.E. Bosition

88 Humphreys

$101 Chips Estates ......

8106 81 Cottone (B.) ...

36

$4.30

$17.10 | 617) [817.10

4.

7

"BOWL OF RICE"

PARTIES IN AID

▪*

OF CHINA

NEW YORK, Dec. 18 (Havas By Airmall) ----Two "bowi of rice" parties given by the United Counell for Civillan Relief in China, in $185 November netted

total 3.

of $17,182.98 for China war relief, it Was announced.

י.

$11

8100

$125

81/3

320.33/$20.40

#101

$10.47

6214 $13.60

17/6

One party staged in "China- towa on Nov. 7 brought in $9,218 08 and another two days later in the Hotel Pierre netted $994.30. Similar parties being planned in 220 American cities.

H.K. STOCK EXCHANGE

Firm conditions prevailed over the market during the morning with Docks again being largely dealt in and at advancing rates.

BUYERS

H.K. Bank, $1385.

Canton Ins., $200

Douglases, $72,

Docks, $21,20.

Providents, $43.

Hotels, $5.

$33

100

at

$4.35

88

Cotton Mill«

Lands, $327.

827 70 Ewo

(8.)

827.70

tl

$162

Realtles, $4.30.

$44

Zoong Sings (8.)

$44.

Tramwayn, $17.10.

15 Wing On Terkilas (8.)

$100

Public Utilities

$17,10

Tramwaya

BH Peak Tram foll)

#

34

Peak Tram {20} ...

$4

$581 $231

Star Ferries

$884

Y'mati FerrİOS

$233

Do. (new)

Chins Lights (0)

$7.60

!!

Telephones (New), $9,10, Cements, $174.

$4.80 China. Lights (Now)

$4.00

China Lights Rts.

$53)

H.K. Xibctrica

853

$13.10 $24+

818) Macao Electrics ........

Sandakan Lights, .....

Telephones (oid) Telephones (new) ....

18/3 Tractions

18/9

Tractions (pral.)

Industriala

$14,90 Cald., sog. (Ord.) 8.

Cald., Macg. (ProL) B. |

21

$241

Tramways, $174.

Cements, $18.

18 3

Watsons, $9.40.

89.10

Miscellaneous

$13

$1

Canton Iss

$17.45 $1817

Conecta

$8

Ropes

921f 8214

821

802

$14

Dairy Fano (Old) ...--| Dairy Farm (New) Ch. B'tainmente Constructions (old) Constructions (DOW) Lane Crawfords .......

Nanyang Tobacco

180 Sincares

48% Ch. G.5% 1995G #Eds. $100 ELE. Gori. 1% Loana

$97 H.K. Gori. 34% Lowe

H.K. Wing O...

d'hal Wing On

841

Vibro Piling

14/0

Maraniane Inv. (Lou.)

40

Maramacs Inv. (H.K.)

Wm. Powelle arsimores #Sales to Bhaughai

**

19.10 38.40 $910

FINANCE

ACUTE SHORTAGE OF FAT

15

IN GERMANY: REVIEW OF

R

NAZI FOOD PROBLEMS

re-

AMSTERDAM, Jan. 3 (Reuter)-A comprehensive view of German's food problems is given in the Nieuwe Rotterdamsche from its Berlin correspondent, in which the writer assesses German self-sufficiency in foodstuffs at between seventy and eighty per cent, except for fats, which are fifty per cent.

The deficiency is normally made up by imports. Suf- ficient stocks were accumulated in the last twelve or eigh- teen months.. Nevertheless the fat problem is at a critical point.

SHORTAGE OF TIN

Desperate efforts are being made į Germany proper last year produced to produce fats from coal and beet; only 824,000 tons. these can only be used for technical purposes with a view to releasing edible fats for huraan consump- tion. The possibilities of grape- stones, beech-nuts and horse chest- nuts are being explored.

The meat situation appears very difficult. Rationing is most severe and the effects of foot and mouth disease are being felt.

FODDER FROM RUSSIA By the importation of fodder from Russia it is hoped to increase the number of pigs in Germany.

Sea Ashing is reduced to a minimum.

In addition, the canning industry is suffering a shortage of tin for

cana.

The Polish territories are expect- ed to help to make up the general defcit, particularly in grain, meat and eggs, but Uttle butter can be hoped from them.

THURSDAY, JANUARY 4, 1940. —PAGE 9

US. CALLS FOR BIDS FOR FAR

"EAST SHIPPING

SERVICES

JAPANESE

BUSINESS AFFECTED

WASHINGTON, Dec. 18 (Havas)/ WASHINGTON, Dec. 18 (Havas by Akmal))—Japanese business by Airmal) The United States conditions are being seriously Maritime Commission has mvited | affected by diffienities in shipping bids for services operating to the due to the European war and by Far East.

the uncertainty over trade "rela-

The call was for bids for pur- tions with the United States. chase or bareboat charter of the James W. Young, Director of the American Plancer Line's Austra- Bureau of Foreign" and Domestlo lian and Far Eastern services and Commerce, said here in a weekly for the Puget Sound Orient from review of cable and radio reports Seattle to the Far East.

from American commercial attach- es in Tokyo and other capitals.

These are the last three lines being operated directly by the gov ernment, and disposal of them will taks the government out of the shipping business, at least for the time being. The bids are to be opened at noon on January 5.

'

INDIAN LOOMS. FOR CHINA

An additional factor operating adversely on Japanese business is the increase of governmental con- trols, Mr. Young said.

Mr. Yeung also reported that the Japanese foreign trade "for Arst eleven months of the year had shown a gain of one-third in yen value of exports over the ex- ports for the corresponding period

CHUNGRING (By Mall) (Cen-of 1938. Imports had risen more The grain situation is generally tral)-The first two Gandhi looms than one-fifth, leaving a consider- good and the position regarding bought in India by the National able export surplus potatoes is also not unsatisfactory. Relief

age

Commission are in Kun-

as only twenty-five per cent of theming, awaiting trans-shipment to as many looms as possible at home total erop is needed for haman Slan. They will be installed at the in view of the high costs involved consumption though this percent-refugee factory at Mihsten near in the purchase and shipment of The is expected to increase con-Stan, where they will be used not the machines from India. siderably on account of the short- only for weaving and spinning but rate of production of a Gandhi The situation regarding legumin-age of other commodities and also as models for the construction loom is said to be equal to that of 100 hand weaving machines of the ous plants, like peas, is very un-special reserve of two-million tons of similar looms.

Efforts are made to manufacture primitive Chinese type. satisfactory and the total crop In is being laid aside...

SHOE CO.LTD

HONGKONG SUPPLIES ALL

KINDS OF FOOTWEAR

||

Hongkong Daily Press CLASSIFIED ADVERTISEMENTS

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 conventences. Apply proprietress, 103, Austin Road. Phone 50233 and 34, Granville

Road. Phone 59433.

RELIABLE TAILORING

LADIES AND CENTS. TAILORS

We are disposing of all our present stocks of Ladies' Goods at price less than cost, as we shall from 1st Janu ary be changing our business over to the sale of Gents' Goods, and must make room for new stocks shortly arriv- Ing.

THE JUBILEE SILK STORE Specialists in Gents Wear, Suits, Shirts, Pylamas and Underwear.

Y

31 Nathan Road, Kowloon.

Corner Pezing Road.

"PANG FUNG. FURNITURE SUPPLIER & DEALER Dealing in all kinds of modern teak wood furni türe, and also for HERE. At reasonable price, with promptly to order. No. 134. Johnstone Road,

Tenchai

Tel. 23150.

Honkong.

AUCTIONEERS

GREATEST COLLECTION OF BARGAINS IN TOWN:

FAMMEETS AUCTION ROOM Landaert Mother.- 2 CUM ABRO

Mount Costant Telephone No. 20124

Telephone No. 5045)

Jimmy's

ENGRAVERS

FEI FEI & CO. Photo Engravers 18, Cochrane Street, Telephone No. 22224,

Her EYES Won Him

SUMMER

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 Nu. 56246

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 KE E

31 NATHAN ROAD

Corner Peking Bozd.

י.

Tel. 50451.

THE EMPRESS STORE

54. Nathan Road, Kowloon-Telephone 57155 Just arrived ample selection of PROVISION, PATENT MEDICINES, PERFUMERY,

WINE & SPIRITS.

EXTREMELY MODERATE PRICES

INSPECTION ENVITED

PROMPT AND COURTEOUS SERVICE

Star Ferries, $68).

Yaumati Ferries, $231,

China Lights (Qld), $Tj. Electrics, $531.

Sandakan Lights, $11.10. Telephones (Old), $244."

A

Dairy Farms (Old), $214. Dairy Farms (New). $211. Watson, $9.10.

SELLERS

"SALER

Docks, $201.80/21-

Raubs, $101.

China Lights (Old), $7.68. Cements, $171.

$1

$17.30

Lands $33.

#6

8211

321

*

¿

Dairy Farms (New), $214. Atoks 234 9. Antamok 171 s. Bagulo Gold 224 s, Batong Buhay 015 s, Big Wedge 25 b, Coco Grove 17 8, Con. Mines 004 B, Demonstra- on 14 & East Mindanao 12 s, IXL 394 b, Ipo Gold 14 b, Itogon Mining, 31; à. Manbulao Co., 017 b Chummaus 20 s, Buyoc Con, 141 Masbate Con, 129, Mind Mother- lode 091 #, Mine Operation 128 North Camarines, 17 s. Paracale Gammaus 20 я, San Mauricio 95 5, Surigao Con. 20. s, Buyốc Con, 141 5. Byndicate Inv 028 b.- United Paracale 35 s, Benguet Con. 6.70 b

BUTTERICK LADIES TAILOR

Ready made Costumes, overcoats, and evening dresses made to order. No. 16 Wyndham St. Tel. 23615.

We have in Stock and for Sale Great Varieties of used and unused

POSTAGE STAMPS in sets, bags, packets, single, and in approval books for collections also

Flower & Vegetable Seeds

GRACA & Co.

-Dealers in Postage Stamps,

Religious Goods, Garden Seeds, Toys, etc., etc. No. 10, WYNDHAM STREET. P.O. Box No, 830, HONG KONG Established 1896,

CLEAR MILKY WHITE LUSTROUS, THONSWEAR CLEAR EYES. Su Sacendo...Mow Loty Way FTVER svédened er prominently vulond, by fala decal genes thomada of side now dour them in pescada. With new selgatio EYE- GÊNE. And what's dillerenon when whites are clear -spaikling white! Himney back if it inila. Befres aoodies thed wym, like magic. Brainlo--sala. Get

YEGENE 45 als deng or department stars.

EYE-GENE

Obtainable at all.

leading Drug & Department Storer Solé Distributors: UNITED TRADERS-Hong Kong.

A Job?

Consult WANT ADS

HOTELS

METROPOLE · HOTEL Central. "Clean. Comfortable.

All modern conveniences. All rooms with Private Bath. Mo- derate Daily or Monthly rates. Fully licenced. Tea Dance, Dally, Latest Swing Band, 6-7.30 pm Tel. 24425.

THOMPSON

LADIES'

38,

TAILOR

MODERN DRESS

CHEAP SALE

NATHAN ROAD, KOWLOON.

FOR XMAS & NEW YEAR

GIVE A ZENTTE · 1940 · MODEL

58313

ALL

WAVE-SET.

$99.50

GUARANTEE TO RECEIVE, LONDON, PARIS, MOSCOW &ɛ. DIRECT:"

CHUEN YEE HONG

54: Des Voeux Road C.

Telephone" "24311.

: ***

100%

arx

341

$10

$81

11