1940-01-22 — Page 9

HONGKONG DAILY PRESS

Finance and

and Commerce

SILK IN OCCUPIED TERRITORY YIELDS LITTLE TO ENEMY

The Japanese-controlled Central China Silk. Corporation re- ported a net profit of 53,720,000 at its second shareholders' meet- ing held in Shanghai on November 30, 1939, according to a report In the Shanghai Mainichi, Japanese dally.

The corporation has under its management five silk filatures seized from Chinese interests. They are listed as follows:

1.

Ka Fu Silk Filature, Kashing

2. Shun Shan Fllature, Haining

3. Hung Yu Silk Filature, Wusih

4. Ting Sheng Filature, Wash

5. Wel Chen Silk Filature. Hangchow

240 reeling machines 232

979.. 232

Seeking to increase the scope of Shanghai Mainichi report, Was its business, the corporation es- only 70 per cent and that in Che- tablished branch offices, in Chin-klang, only 50 per cent klang und Tanyang on May 20, 1939, ordinary year's yield. and in Chapel, Shanghai, Haning.

Money Market Heavy With Withdrawals

LONDON, Jan. 21 (Reuter)-ITE money market is heavy with withdrawals of cash from clear- ing banks for taxation purposes which have reduced loanable supplies, but borrowers, neverthe less, found overnight accommo. dation easily obtainable.

Owing to the keen demand for Treasury Bills, the market ́ only recelved 15 per cent. of their ap- plications.

FINANCE

COAL FOR MOTORS Success Of The Producer Gas System

During the past score of years a number of inventors have con- tinued to give their attention to the matter of alternative methods of providing power for motor vehicles.

,"

The great success achieved with the oil engine in recent years. has tended rather to push other schemes into the background, but now that the necessity of utilising home-produced fuels is once moreș very important a fillip has been given to the movement for using

as

The merits of town gas are fully results in a very rich gas being recognised by the motor manufac-made, while the amount of san turers, some of whom have ex- that is left is relatively small. Tng, ploited the use of it for the "rin- resultant gas is one which has ring-in of their engines before shown itself to be particularly good for use in all engines of the they are fitted in the chassis.

type. When it was first suggested for compression-ignition

the vehicles on the road the question high compression ratio especially This cogether, with the regue-

of carrying" in bulk was tempor- suiting the characteristics of the tion of next week's offeringarlly solved by gas-bags mounted fuel. 60,000, is responsible for the gen-

on the roofs of the vehicles, but The matter was raised in the ezal decline of discount rates in Wall Street, which closed steady.

method was short-lived.

FRANCO - SPANISH

of ar

The exact reasons for this and Zashih on October 15. Bran-shortage is dificult to explaini ches were also opened in Hankow, Chinese silkworm raisers in "oc- and in Nantungchow, Kiangsu,

cupled" territory as well as in While prices of spring cocoons guerilla districts would rather, sell TRADE TREATY were fixed by the Japanese com- their cocoons to agents of the

MADRID, Jan 20 (Havis)The pany between May 18 and. 20, 1939 Chinese Government even at much

Foreign Minister. Colonel Belgbed. at $55-330 per picul for improved lower rates than to sell to the seeds, and $40-$55 per picul for Japanese or

their puppeta. The and the French Ambassador native seeds, the corporation had Foreign Trade Commission main-M. Marshal Phillippe Petain, have to pay as high as $180-$270 per tains many cocoon-purchasing exchanged instruments of ratifica- coeccns. The agencies in territories behind the ton of the Franco-Spanish trade amount of cocoons collected was Japanese lines.(CLC.) given at 57.710 pleuls of spring co- coons and 19,190 plculs of autumn

picul of autumn

Cocoons

SMALL PORTION

These Agures show only a small portion of cocoons produced in the i

treaty.

..

It is the first treaty of its kind that France has signed with N- tionalist Spain.

CANADA'S FIRST WAR LOAN

France will supply Spain with wheat rice, phosphates and auto- OTTAWA. Jan. 20 (Reuter)~ | mobiles and Spa'n will sell France

some raw materials

various districts which the Central Canada's first war loan has been China Silk Corporation has at-over-subscribed by £27.000.000. tempted to cover in its silk mono-

Though the total sought was

£44.500.000; the sum poly. The production of cocoons only

i

ot

In

Kiangsu, according to the £71 500.000 was subscribed

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Bay

Beilera

Bale

SHAREBROKERS' ASSOCIATION

Nemia SATURDAY 20,

Buyers Baller

JAN,

⠀

$70

$1350

£86

£85

187

注

Banks

H.K. Banks

Do. (Col. )

Do. (Lon. Bag.)

Chartered Beaks we

228 Marcantile Bh. "A"

2114

$78

Marcantile Bb. "0"

Bank of East Asia ...

IN. C. & B. Banki...

Insurances

$207 Canton Insuramom ..

$470 Union Inepanese ...

Underwriters

$180 H.L. Fires

Shipping

EO cta

373

(Prod.}

!!!!!!

!

$11

Balos Memimsi

$1863 £38

$85

EBA

878

TREASURY BILLS RECORD

LONDON, Jan. 21 (BWS) The total amount appiled for yeater- day in tenders for Treasury Bills was again 2 record, reaching £122,090,000. The average rate. per cent. for Bills at three months was £21/8.58D, the Inwest rate since the war began.

H.K. STOCK EXCHANGE

Once again a satisfactory turn-

Saturday can over for a

be re-

50 cts. corded, Business was reported over

a comparatively wide spread.

$205

$480

BUYERS

Douglases, $75.

*175

Docks, $21.40.

Hotels, $5,65.

Humphreys, $84,

"8200

$120

Tramways. $17.60,

Yaumatt Ferries, $241.

77/0

China Lights (Old). $7.70.

MONDAY, JANUARY 22," 1940. —PAGE

THE BEN LINESTEAMERS,

LIMITED.

FOR LONDON and LEITH

For Freight apply

to the Agents:

W. R. LOXLEY & CO., (CHINA) LTD

emphasise

Tol. 34165

that the

up ensures

York Building.

constant, been given as to the most satisfac-

that

such a cumbersome and unsightly House of Commons on November 8. checking by analysis of the coal tory position for the location of the the plant for making and clean- when Mr. C. Lloyd, Secretary for brought The Birmingham city authorities Mines, explained the progress quality is maintained at a definiteing the gas, and various ideas are

being tried out. have done a great deal of ploneer-made in the use of anthracite since standard. ing work in developing the supply the committee of scientists and of compressed gas in steel bottles road operators" appointed by the which can be arranged in the Government had been at work. chassis, without encroaching to any A successful design of producer considerable extent upon the area had been evolved, and research was still going on with the object required for load-carrying.

of extending the range of sultable fuels.

ANTHRACTIE

At the moment, however, moruį attention is being given to the use Mr. Lloyd also gave assurances of producer gas, a scheme which that there would be no taxation by has the advantage that the gas is the present Government for Ave made as it is required and which years of these fuels for motor can be adapted to utilise various transport, nor would there be materials-wood, charcoal, anthra- rationing of them while contes- sions would be granted in the mat. efte, and low-temperature coKA.

ter of weight and speed limit if the weight of the producer took the vehicle into a bigger class than it would nominally be in.

Of these fuels anthracite has a great deal to recommend it, be- cause the amount of laboratory work that has been carried out in

So much has been written in the Welsh collieries in recent years has enabled so much valuable in- these columns on the care given formation to be obtained regard to the preparation and grading of Ing Its constitutiori and sib-the coal from the Welsh anthracite ties.

collieries. that it is hardly neces- The extreme purity of the cont sary to say more now, except to

The Associated Equipment Co., Ltd., has been working on the problem for some years and has developed a plant. of the Bellay FOR ALL SERVICES

type which can be mounted on an It has been shown already that extension sub-framt at the back. it is quite practicable to use id of the chassis.

on motor vehicles, A third scheme which is finding satisfactory and experimental runs with buses a certain amount of favour is that so equipped have demonstrated in which the whole of the gas- that there is no reason why it making plant is arranged on a should not be used for passenger | two-wheeled trailer behind the vehicle it supplies. From the services.

Some long runs have already maintenarice point of view it has been made with such vehicles in the advantage that another set difficult country in the West of may be substituted at any time England, and other tests on urban when and suburban routes have also may proved satisfactory.

There are various types of m Some makers have arranged the It is supplied in apparatus on the front of the thracite, and grades to suit various purposes. chassis, or alongside the engine, The type which has been found while others have preferred to in- most suitable for use in producer stall it at the after end. gas systems has been given the designation name "progasite," a which clearly indicates its special qualities.

I

overhauls OT adjustments become recessary without withdrawing the complete vehicle

So far no definite Indication has from service.

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 conveniences. Apply proprietress, 103, Austin Road, Phone 50233 and 34, Granville Road. Phone-59433)

--

$4.55 $4.70

321 10

$0.05 $5.20

$4,10

311

Douglamon

Biombosis

100 Indo-China

Indo-Chinas (Dad)...

"880

78/0

Shells

27

T

Waterbosta

Docks, Wharves,

Godowns, etc.

813 H.K. & K. Wharto

T

$21.60/50

***

$33.80

Providents

Providente (new)

... H.K. & W. Dock...

Do. (new) zrnatives

3240 Shanghai Docks 8. $120 New Engineering B.

Mining

18/0

810

34

KE

Baubs

Vaseruela Gold · Fida

34 eta, Hong Kang Mines...

་་

Lands, Hotels and

Buildings

H.K. Hotels

B.K. Lands ...

கள்!

$100 Do. 4/ Debentures 815 Shangbai Landa 8.

$4.60 H.K. Besities re

$10!

$33

Humphreys .............

Chinese Extaban

Cotton Mills

(8.)

2770 B's Cottons (5)

$4+

Zoong Singe (8.)

148 Wing On Textiles (8.)

s

Public Utilities

$17.60

$17.60/65

Tramways

83

Pask Trams (old)

$4

Pack Trams (here)

$53

Star Ferries and

Y'mati Forri

$241

$102

81.70

$212

::.

#!

85.70

834

རྡོ་ སྶ;;

$9.75

$33.80

$7.40

$940

$22

78/0

13

China Lights (New), $4.

Electrics, $551.

Macao Electrics, $181. Sanfakan Lights. $114. Cements, $181.

Entertainments, $8.00. Constructions (Old), $12.

SELLERS

Providents, $1.70.

Hotels, $5.70.

Tramways, $17.80.

China Lights (Old). $7.95.

Electrics, $56.

Cements, $19.

SALES"

Providents, 54.65.

Humphreys, $81.

Electrics. $55.70.

100%

Star Ferries, $881..

$4,80

H.K. Ropes, $8. ||

Watsons, $9.10.

#342

A.K. Govt, 31% Loan. $051.

5170

$44 $100

$17.60)

Atoka 20 b, Antamok 18 5.

Baguio Gold 231 s. Batong Buhay

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 tale of Getts' Goods, and must make room for new stocks shortly arriv- ing.

THE JUBILEE SILK STORE Specialists in Gents' Wear, Bults, Shirts, Pyjamas and Underwear.

31 Nathan Road, Kowloon.

Corner Peking, Road,

We have in Stock

and for Sale

Great Varletles of used

and unused

POSTAGE

STAMPS

in sets, bags, packets, single,

and in approval. books for collections

also

Flower & Vegetable Seeds

fi 014 s, Big Wedge 22 b. Coco Grove 14 b, Con. Mines 0040. & Demon- stration 13 s. East Mindanao 10 s. IXL 40 s, Ipo Gold 12 b. Itogon Mining 27 b Masbate Con. 11 b, 5. M'ne Mind, "Motherlode 093 Operation 11 s, North Camarines $7.70 132 b. "Paracale Gummaus 22 b. $13

San Mauriclo 88 s, Surgio-Con. 17 b. Suyoc Con. 13 b, Syndicate Inv. 026 s. United Paracale 31 #. Benguet Con. 5.55 b.

·865.60

#251

$9.00

:

18/0

we

$1

OLDE

$ID

:

GRACA & CO.

Dealers in Postage Stamps, Religious Goods, Garden Seeds, Toys, etc., etc." No. 10, WYNDHAM STREET, P.O. Box No. 620, HONG KONG Established 1890.

BRITISH STEEL OUTPUT INCREASE

MANILA SHARES GOLD Atoks 20h. Antamok 16hs, Baguio Gold 23is. Batong Buhay 0148. Benguet Consolidated 555b, Blg Wedge 23b, Coco Grove 14b, Con- solidated Mines 0048, Demonstra- tion 13s, IX.L. 408, Ipo Gold 124b.

LONDON, Jan 20 (BWS)-It's $6.20 Itogon" Mining 27b, Masbate Con-

solidated lib, Mine Operations 11s, authoritatively stated that British $18.60 North Gamarines 134b, Paracale steel output last year exceeded by. Gummaus 22b, San Mauricio 885, a considerable margin the previous Surigao Consolidated, 17b, Buyoc year's record of nearly 13,000,000 Consolidated 13b, Syndicate In-tons in 1937.

vestment 026s, United Paracale Actual figures are not made.

$7

$1.80

น

32

$2.20

12% HONGKONG

100

*** ges2 US

$10

$0.10

314s, Mindanao Motherlode 09ja

SHAREBROKERS

'ASSOCIATION

Volume Of Business Transacted

public in wartime.

A new British record in railway haulage has been set up by a KNER mized traite locomotive,

which recently hauled a train of troops and equipment weighing 721 tons in all. Freight trains of 1,200

on Saturday, Jan. 20, 1940, .. tons are quite "dommon, but this is

Star Ferries

H.K. Electrics

∙100 $86.25 the heaviest passenger-carrying

100 55.70 train ever operated in Bitati.

Telephone No. 50431

Jimmy's

BUTTERICK LADIES TAILOR

Winter Sale

Ready made Overcoat and Dresses made to order. No. 16 Wyndham St. Tel. 23615.

THE MOST RELIABLE LIQUID INSECTICIDE

GEE, IT'S SWELL

NOT TO SE BOTHERED WITH

FLIES WHILE

THAT'S BECAUSE I SPRAYED WITER, FLY-TOK, I USE IT BEFORE WE EAT! EVERY MEAL

MENOWE

DEMAND THE CENUINE

FLY-TOX

Obtainable at all leading Drug and Department Stores Sole Distributors UNITED TRADERS

HONG CONG

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:

FIRST-CLASS

Telephone No. 658846.

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 ROAD

Corner Peking Road,

YOU CAN NOW EAT:-

BOTELS

RUSSIAN FOOD COOKED IN THE

RUSSIAN WAY TABLE D'HOTE $1.00 ALSO. A LA CARTE AT THE

METROPOLE HOTEL

Tel. 54151.

TEA DANCE DAILY

5 TO 7.30 PM. MUSIC BY. THE METROPOLE SWING BAND

FOR XMAS & NEW YEAR GIVE A ZENITH · 1949 MODEL 58313 ALL WAVE SET.

$99.50

GUARANTEE TO RECEIVE. LONDON.

||

FARIS, MOSCOW &t. DIKECT.

CHUEN YEE HONG

54 Des Voeux Road C.

ENGRAVERS

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

Telephone 24311.

AUCTIONEERS

GRLATEST

FULLDA SAON OF BARGAINS IN FISHING

LAMME ITS SUA ETEN RUGM

$241

87.70

942

356

$55.50/60

$18

$11

T

$26

19/6

$18)

፧፧

$18.700

Do. (new)

China Lights (0)

China Lights (New).

China Lights Eta. H.K. Motrice ... Maceo Beckrics

Sandakan Lights, Telephones (all)

$0.60 Telephones" (new)

Tractions

19/Tractions (prel.) ar

Industrials

814.00 Cald., Maog. (Ord.) B.

$19

Cald., Macg. (Fr.) B.

31 Canton Lose

Cosmode

$6.10 Ropes........................

$22.00

Miscellaneou

Dairy Farm (Old).. #816 Dairy Farm (New)

IM

$8.50

317

$1

-

Ch. E'tainmetzla

Construction (old)

Constructions

(DOW)

374 Lane Crawfords ......

Nanyang Tobaco....

$1.80 Sinceres

$9.20 Watsoná

50% Ch. 0.5% 1995G #Bds.

$101 H.K. Gurt, 4% Losos

$41

181

10/0

4/0

H.K. Gort. Sj%Loan

H.K. Wing ON 2016-

B'had Wing On Viro Filing Maramans Inv. (Lon.} Marsmans Invy. (H.K.}

Wm. Powell

Balan

(1ỏ...) Shanghal