1940-01-09 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

Pre-War "Recovery" Based On Arms: Japan's Plight Worsens, Survey Reveals

This year's edition of the World Economic. Survey of the League of Nations-thë eight in the series appeared on the eve of the outbreak of war in Europe. It is thus af quite special value since it presents a picture of the world economic situation up to the date of the beginning of hostilities.

H2

During the first months of 1939, the world was making à rapid recovery from a major depression with which it had been threaten- ed in the first half of 1938. This rapid reversal of economic condi- tions may be ascribed in part to the financial measures taken in the United States of Ameries and in other countries in order to stimulate the lagging demand for goods and services. But in the main it was due to increased expenditure on armaments and WILL preparations

countries.

FALL IN JAPANESE SILK EXPORTS TO AMERICA

NEW YORK, Dec. 13 (Havas by Airmail)-Japanese silk exports to the United States are falling off, according to market Agures here. Increased domestic consumption in Japan is most generally given as the reason. Milltakings in America this season are about 13.000 bales fewer than last year.

<

Imports of Japanese raw silk so far this year total 188,211 bales, us compared to 181,253 bales in the corresponding period a year ago. At the same time, imports from silk-producing countries other than Japan totalled 26.704 bales this the

H.K. MINES OUTPUT FOR DECEMBER

The concluding chapter. en- torial changes occurred. which * titled "The Economic Effects of closely affected the economies of year as compared to 7,679 in

same period a year ago. War, Rearmament and Territorial certain

A section of Changes" summarises the main the chapter is devoted to a discus- theme of the volume. The chap- sion of these changes and, in ter begins with illustrations of the particular, to the effect upon the economic destruction caused by Geman economic system of the oc! war in Spain and China, through cupations of Austria and of thei The Hongkong Mines Ltd. out- the destruction of life and pro- Czen provinces of Czechoslovakia. | put during December amounted to perty, the reduction of foreign The gains of Germany in gold and trade, and the disorganisation of foreign exchange reserves and in economic life. Special reference is varicus agricultural and industrial made to the monetary disorganisa- resources are discussed. tion which has been caused by the "currency war" between the Chi- In the months preceding the nese currency and new note issues, outbreak of war in Europe, one of sponsored by the Japanese.

STATE CONTROL

the most significant developments

3992 short dry tons of ore treated, from which 394.16 dry tons of Lead Concentrates were produced averaging 63.24% Lead and 14.78 oz. Sliver per ton.

In Japan itsell, the prosecu-was the growth of economic inter-Governmental control. In the last de.. tlon of the war has led to a vention and organisation by the chapter of the Survey, more serious reduction in standards State for purposes of national de- talled reference 13 made to the of living, both because of the fence. In various chapters of the rapid growth of such controls in shirt of economic resources Survey, reference is made to dif- countries such as the United King- from the satisfaction of civil ferent aspects of the organisation dom and France, where these con-

of the German and needs to production for war

Japanese trols started later, but have in re- economies, both of which have for cent months been more, rapidly purposes, and also because of

some time been subject to strict developed.

the growing difficulties of in- ternational trade.

In the course of 1938 and the first half of 1939. various terr!-

H.K. STOCK EXCHANGE

The week has opened with anl air of steadiness, enquiries con- thue on a moderately fair scale.

BUYERS

HK. Bank, $1380.

Canton Ins., $205.

Union Ins... $440.

Douglasex, $72.

Docks, $21,90.

Providents, $4.65.

Hotels, $5.85.-

Lands, $33.

Realties, $4.40..

Tramways, $17.

Yaumati Ferries, $233.

China Lights (0), 57.65.

Electrics, $55.

Sandakan Lights, $111.

Telephones (0), $24).

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

SHAREBROKERS' ASSOCIATION

Bayer Ballers

Sales Nocial|

MON AY 8.

Bayern Belleze Salomin1

JAN.

Banks

H.K. Banks

Do. (Col. Reg.)

Do. Lou. Be]

£81 Chartered Banki

291 Mercantile, Bka. “A”

$1380

$1400

$96 £841

Telephones (N), $9.30.

Cements, 317.90.

Ropes, $6.10.

Dairy Farms (0), $22).

$4.55

Dairy Farms (N), 5214.

Watsons, $9.20.

$91.00

Entertainments, $84.

Constructions (O), $11.

China Underwriters, "$14.

SELLERS

Providents. $480..

· Hotels, $5.95.

Electrics, $56.

Telephones (0) $25.

$1400

Exs

£81

11

Mercantile Blu "0"

£29)

2114

$78

Bank of Est Asia

$TR

[N. C. & B. Banka .......

¡50 sta.

Insurances

Canton Insurance ....

$300

Union Insurance

$456

...

Underwriters ********* 60 cta

8185 H.K. First te

1185

Shipping

Douglass wi

$72

$11

Sit

9100

$125

81/3

87.40

$102

$4.55/60

BIL

414

$4.55/1.60-

$28 20/1.25 ..

$214

#!

80/0

Steambogia

Indo-Chinas (Prof.)

Indo-Chinas (Dat.)...

Shells

Waterboste

Docks, Wharves,

Godowns, etc.

$102 H.K. & K. Wharven i

Providenta Providente (new) ........... 7292 22. H.K. & W. Docks...

..

Do. (new) excemak

8914 Shanghai Dooks B.

$19.20 New Engineerings B

Mining

176 Kailan. Ausini

$10) Rsabendrautz Venezuela Gold Fide

84

4 eta, Hong Kong Mines ... Lands, Hotels and

FINANCE

Production Of Raw Goods And Manufactures, World Trade All Rose In 1939

•

TUESDAY, JANUARY 9, 1940. -PAGE

Nazi - Soviet Trade Talks

MAJOR PROBLEMS

NOT SETTLED

LAMMERTS' AUCTIONS

PUBLIC AUCTION.

THE Underalgied have received

instructions

BERLIN. Jan. 8 (Renter)- Although the Nails continue to as- sert that the trade talks with Soviet Russia progressing T satisfactorily, the head of the Nazi Trade Deleration to Moscow has returned for fresh instructions.

The September number of the World manufacturing produc- League's Monthly Bulletin oftion (excluding the U. 3.9. R.) in- Statistics contains special increased Recording to the League formation. on trade. stocks of index by some 19% between June primary and industrial produc- 1998 and June 1939. tion and building activity, which The increase in Industrial are valuable as illustrating

with production in different countries the regularly recurrent data during the last twelve months for the economic conditions obtaining which information is avaliable before, the outbreak of hostilities has been as follows: United States

The Bulletin compares figures 23%. Belgium 19%, Hungary 18%, conference with Herr von Rib of the world index of `visible | Truly 18%, Canada 15%. Finland bentroD." stock; in June and July of th's 13%, the United Kingdom 10%. year with those of last year for Poland 9%, Sweden and Denmark base metals (lead, copper, zine. 8%. Japan 6%, Norway 4%. the),

cotton, Important foodstuffs (wheat. rye, COCOA, cokies maize, barley, sugar, tea).

raw

RAW MATERIALS

World production of industrial raw materials" of mineral origin which declined considerably be

tween 1937 and the middle of 1938 has since increased rapidly. During the twelve months ending June or July this year, petroleum ou put increased by 8%. pig iron and steel by 34% and 31% re- spectively and zinc by 11%. The output of copper, the monthly Information on which is less com- plete and up to date, appears to have been some 6% larger in May this year than in May 1938.

SHOE CO.LTD

HONGKONG SUPPLIES ALL

KINDS OF FOOTWEAR

TRADE

The gold value of world trade in the second quarter of 1939 was 1% higher than a year ago. As gold prices had fallen by 6%, quantum was the increase in about 9%. The quantum of trade which declined as usual in the first quarter of the year was again a large in the second quarter of 1939 as in. the last quarter of 1938.

He is reported to have had a long

TWO FROBLEMIS

It is said that the two major problems for the Nazis are:

FIRSTLY, how goods are to be transported, and,

SECONDLY, how German fa-. dustry, already severely strain- ed, can fulfil Soviet orders, especially for much things ma precision tools and bastru- ments, which are required quickly.

In July 1939, the "gold value France (10%)' and the Argentine was 4% lower than in June. In] (20%). Dalian importa declined this month, exports from Italy and by 29% and those of the United Germany which were unusually States and the United Kingdom large in June declined by 31% re- | by 8% respectively, while imports spectively. A notable contraction into Germany and France were of exports also occurred in' well maintained.

Hongkong Daily Press CLASSIFIED ADVERTISEMENTS

to sell by

PUBLIC AUCTION

*a

V.

Wednesday, the 10th January, 1940

commencing at 11 am.

at The China Navigation Co.'s Godown. No. 168 Connaught Road West.

'8 Tins Varnish

18 Cases Auto Parts

Terms: Cash on Delivery.

LAMMERT BROS.,

AUCTIONEERS.

MARBLE HALL

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

RELIABLE TAILORING

LADIES AND GENTS. 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, Bulta, Shirts, Pyjamas and Underwear,

31 Nathan Road, Kowloon.

I

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 Rosd, Kowloon.

Corner Peking Road.

Telephone No. 50453

Telephone No. 56216

FIRST-CLASS

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.

י.

LONG KEE

31 NATHAN ROAD

Cements, $18.05.

Buildings

Ropes, $81.

Watsons, $9.60.

251 $331

$6 | #51/5,{80

SALES

H.K. Bank, $1400,

Wharves. $102.

Docks, $22.

84.40

34:

H.E. Hotele

85,75

$5.70/.85

H.K. Lands ............

$33

$100 Do. 4% Debentures #13

Shanghai Lands

100

H.K. Reaitien

ga

$4,400

#:

$70

$19.80

17/8 $10.40

33

28 $162 344

$17.25

$100

$8

$4

374 81.20

18 3

$18

$17.80/90...

18

$9.20

48°

100

87%

$42

$10,

#81

PANG FUNG. FURNITURE SUPPLIER & DEALER.

Dealing in all kinds of modern teak wood Zurai- ture, and disc for HIRE. At reasonable price, with promptly to order. No. 134, Johnstone Road, Winchat

Hongkong. Tel. 23350.

AUCTIONEERS

GREATEST COLLECTION OF BARGAINS IN TOWN!

20 LAMMERTS AUCTION ROOM

B. GENBAN

HOPEA.

BUTTERICK LADIES TAILOR

Ready made Costumes, overcoats, and evening dresses made to order. No. 16 Wyndham St. Tel, $23618.

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

Beeda, Toys, etc., etc.

No. 10, WYNDHAM STREET,

Po. Bos No 600. HONG KONG

Extablished 1898 -

Jimmy's

ENGRAVERS

FEI FEI & CO. Photo Engravers

∙19, Cochrane Street:

Telephone No. 22224,

Her EYES Won Him

CLEAR MILKY WHITE LUSTROUS,

THOUSANDS CLEAR EYES. „te Seconds.„Men Lasy Way, PYES reddened or, prominently wine! by late Jhbours or over-indulgence—thousands of gira now clear them in seconde. With wer scientis EYE- GENE. And what a difference when white are deer |mwparkling whitel Money back 163 falla, Rafinados

agochas tired eyes like mago. Sialniasemacía, Got. EYE-GENE at any drug œ department storm

EYE-GENE

Obtainable at "all

leading Drug &z Départment Stores Bole Distributors: UNITED TRADERS-Hong Kong

A Job?

WANT ADS

Corner Peking Road,

Tel. 30451.

THE EMPRESS STORE

54 Nathan Road, Kowloon-Telephone 57155

SPECIAL SALES ON BUSCUITS

PRICES:

Jacob's Belvedere $1.50

Carr's Numilk $1.50

Huntley & Palmers Family Assorted $2.00

and many others. Inspection cordially invited

HOTELS

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

THOMPSON

LADIES'

38,

TAILOR

MODERN DRESS

CHEAP SALE

NATHAN ROAD, KOWLOON,"

FOR XMAS & NEW YEAR GIVE A ZENITH 1940 MODEL

5$313 ALL WAVE SET.. $99.50

GUARANTEE TO RECEIVE LONDON. PARIS, MOSCOW &c. DIRECT. CHUEN YEE HONG

54 Des Voeux Bond C.

Telephone 24311,

10 Chinese Estados ......

Cotton Mili

#2) Ewo (8.)

$150 S'hat Cottone (1)

$44 Zoong Bings (15.) .... #18 Wing On Textiles (B.)

Public Utilities

Tramways

Peak Tra (old)

$4 Pack Trama (new)

$58) Star Ferries

¡Y'mati Ferries Do. (new)

Chias

(0)

$4.80 China Lights (New)

Providents, $4.80/.65.

Hotels, $5.90/.95.

Tramways, $171.

China Lights (0), $7.70.

China Lights (N), $4.70.

Electrics, $54.90/55.

Telephones (0), $25.

$17.40 $170817) ||

Cements, $17.95/18.

$8

Ropes, $81.

Watsons, $9.40.

MANILA GOLD SHARES

Atoks 21s. Antamok 17s, Bagulo 71 Gold 22is. Batong Buhay 015s, Big Wedge 23b, Coco Grove 16s, Con.) Mines 0035s. Demonstration. 12s, East Mindanao 11s, IXL. 40s, Ipo Gold 14s. Itogon Mining 30s, Man- bulao. Con. 017s. Masbate Con, 128, Mind Motherlode 091s, Mine Opera- tion 11is, Paracale Gummaus 18). San Mauricio 02s, Surigao Con. 21s. Sayoc Con. 131s, Syndicate Inv.,, 0268, United Paracale, 3318.

$71

$54

8111

8241

89.30

$17.95

$17.86/118.

HONGKONG

48

SHAREBROKERS

$22.10

#22

#211

ASSOCIATION

Volume Of Business Transacted

|China Lights Ets. B.K. Electrics

218 Macao Electric

$17.30

ཚ་ ་

::

2541

Bandakan Fights Telephones (old) ............... 3211 Telephones (new)

*18/3 Tractions

18/9 Tractions (prat.) Industrials

+

814.90 Cald., Macg. (Ord.) 9. 13. Cald., Macg. (Fref.) 8. $1 Canton Lowes comprens |Cementa 200 kecamarasizmet Roper visokemterenees

MiscellaneoTS

$1

Dairy Farm (Old) Dairy Farm (New)

Ch. É'tainments

829

Constructiona (ald) {

Constructions

37) · Lane Crawfords s

Nanyang Tobac00

$1.80 Bino · szakaszam Watsons.

- 7,70 89.20|-89.80 | 89.20/40

489 Ch. 0.8% 1925G Bde. 3100 H. Gort, 49, Loans $971 H.K. Govk, 82% Loan $41 H.E. Wing Ös

on Monday, Jan. 8, 1910.

H.K. Banks

10 $1,400.00

H.K. Banks

*10

1,400.00

China Lights (0)

500

Cements

500

17.90

China

Providents

500

4.65

China

Providents 1,250

4.70

HK

Hotels....

500

5,00

H.K. Telephones

(0)

500

25,00

HK Trams. ....... Ropes

1,200.

17.50

4/0

500

6.25

S'hal Wing DD

Vibro Piling 15/0Marzmans luw: (Lon.):

} Marsinace Inv. (H.K.)

Wm. Powelle

#Balm・ fö· Shanghai

*Bale on Saturday, the 6th inst.