1940-02-01 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

| HIGH GOLD Rumania's Oil MARKETING OF PRODUCTION Policy

IN CANADA REASON FOR RECENT

BIG INCREASE IN

1939

For the second month in succes- sion, a new high record for gold production in Canada was set up In July. Each of

the seven months of the current year has recorded an increase and the rain for July was five per cent,

11 PER CENT INCREASE

The increase for the seven months over 1938 was eleven' per cent. Ontario was the source of 60 per cent of the Dominion, pro- duction for the seven months. Quebec ranked second and British Columbia third

MEASURES

BUCHAREST, Jan. 1 (Router) -An important speech about Rumanian oll policy was made yen- terday by the Rumanian Minister of Commerce.

TUNG OIL CENTRALISED

CHUNGKING, Jan. 28 (CIC) -Beginning January 15, 1940, the marketing and exporting of tung all have been centralised under the Foo Shing Trading Corpora tion, an auxiliary organ of the Ministry of Finance working in close collaboration with the Foreign Trade Commission. The control of the export of tung gil: that the "measures by the corporation will assure taken recently had no other ahm American Importers & higher than of meeting national require-quality product and faster deli- |ments and all reports to the very.

contrary were quite unjustified,

. NO OTHER AIN

He said

Bre 80

FINANCE

RICE, WHEAT, COTTON, SILK SEIZED BY ENEMY

CHUNGKING, Jan. 29 (C.L.C.) — Approximately 3.000.000 to 4,600,000 bags of rice and wheat. 4,000,000 "piculs of cotton, and $3,000,000 worth of silk were selfed by Japanese in "occapled" territory during 1933, according to figures in a recent issue of the Trade Fortnightly published by the" Foreign Trado Commis-.. sioni

ار

Rice monopolles were enforced by the enemy in such centres. as Nanking, Chinklang, Wusih, Boochow., Hangchow, Kashing, Sungkiang, Changshu, Wuhu, Anking, Klüklang and Shanghai, Chinese rice dealery had to approach the Japanese authorities or their puppets for purchasing and transportation permits and pay heavily for them

11

In addition they were required, bal The other half, 2,000,000 to pay five per cent transit duty piculs, was sent to Japan. In 1938 besides the 40 to 50 per cent bust Nipponese cotton mills maintained hess tax for each bag of rice. In 1,112,078 spindles and 15,875 looms. view of such heavy taxation, many Chinese cotton mills in Shanghai Chinese rice merchants gave up selaed by Japanese totalled 282,- their trade as hopeless

472 spindles (and 2,954 looms. The other half-2,000,000 plculs were exported to Japan

Chinese silk filatures seized by Japan are listed below:

Similar measures were used by the Japanese for the monopoly of Capitalised at "$60,000,000, of Chinese wheat in the "occupied" which $40,000,000 will "be" working territory. Whent Oll was essential for Rumania's

tax collection capital, the corporation will not‍ and purchasing agencies were set Place which military forces,

only look after the export of the up at such centres as Pengpu and the present troubled times. He urged the need tung oll but also try to Improve Pukow. In the meantime, most of Shanghai

and to increase the production an the flour mills operated by Wusik for increased production.

a nationwide scale, Tea, mineral, Chinese merchants in Pengpu, Boochow products, wood oil and bristles Nanking. Chinking and Wusth Hangchow are the four chief export articles were seized by the enemy.

necessary

during

For the seven months also the RAUB AUSTRALIAN Canadian output ranked third

among the gold producing · cour- tries of the world for which re- turns are

*ailable.

JUNE RECORD

GOLD MINING

from wartime China.

During 1939, more than 40.000 The Raub Australian Gold Min-tons of wood all were exported, ing Co. Ltd.--Report No. 555.- mostly to the

United States. Fine Ounces 1906.

Statisties show that the annual Pront: $5,700.

production of tung oll in China 15 about 70,000 tons, and the chief production centers are un- der complete Chinese control,

The coordination of China's transportation

through system the recent amalgamation is ex

The production of gold in Canada in July, according to a re- port issued by the Dominion in December, 1938. For the seven Statistician... was 440.065 ane month period the Dominion gold ounces, as compared with 419.685 output this year totalled 2,932,510

THURSDAY, FEBRUARY 1,

1940, -PAGE 9

COURVOISIER

THE BRANDY OF NAPOLEON Fournisseur breveté de M. l'Empereur

COURVOISIER

No. of Flatures

3

No. of Wheels 708

2,584

19

3,556

22

4,030

COGNACS ET FINES CHAMPAGNES

10,948

LTD.

SILVER MARKET

Rice and wheat collected from Total Yangtze ports by the Japanese were shipped first to Shanghai and then to North China, "Man- chukuo" or. Japan by way of Tsingtao. Such shipments averag- ed 600,000 to 700,000 pags each menth in 1930.

su

LONDON SILVER " London, Jan 30 (Reuter). Silver Little Indian speculative selling. Small bear covering at the decline. Market steady. In the afternoon, the market was steady, with small buyers at 1/8

Spot, 21-1/18d. Forward, 20-15/18d.

ounces in July, 1938. The June-ounces es compared with. 2,639,755 pected to bring tung oil export Japanese puppet government in over but sellers holding off.

high record was 436,783 ounces as ounces in 1938 and 2.323,704 ounces against 393,211 ounces in June of

in 1937.... last year.

The cumulative monthly output The highest previous monthly for the calendar year 1938 totalled output recorded was 435,171 ounces 4,725,117 fine ounces.

20

HONGKONG. SHARE QUOTATIONS

STOCK EXCHANGE

Buyers Sellerie Baie Nomina

$1366

81385

BRG

!

SHAREBROKKKS' ASSOCIATION

WED.. 31.

Buyers Beller

JAN.

Barke

H.K. Banks

Do. (Col. Beg};

'Do. (Lon. Bag.)

Maroantile Bka. "A"

to unprecedented highs in the future American

The 1939 figures of Burchase of Chinese oll tung

expected are

to be around US. $15,000.000

CONTROL OF COTTON

For the control of cotton, vitally needed in Japan; the

Peiping In November," 1938, pro- nulgated and enforced a set of re- gulations · banning the exportation of "cotton to any place except Japan.

Those ignoring this ruling. are,

NEW YORK SILVER New York, Jan. 30 (Reuter). Silver, Official, 34-3/4.

BOMBAY SILVER

야

Bombay, Jan. 30 (Reuter).

LOAN REPAYMENT subject to three years imprison-

ment or the payment of fines up Market-Steady. Offtake 50 bars. to $10,000.

Indian Mint Silver

IN SHANGHAI

CHUNGKING, Jan 31 (Cen- Half of the total amount of cot- tral)-Ä Shanghai message states | ton seized by force was used [71 that Consolidation Bands drawn Japanese cotton mills in Shang-. Balesoins during the recent eighth drawing

$1366 $1385

287

Eat

Chartered Banki ......

£89 £87

F28

£87

21

Marcantile Bk. "*"

878

Bank of Bass Asia ...

#2196 $160

$220

$460

$4.40

201

tritt

:3

:::

2

: :

N. C. & 8. Banks ...

Insurances”

Canton. InsuLENDORE THA

Union Insurances „......... $460 Underwriters *********00 cte)

8180H.I. Firm

Shipping

$100 Donglṣaṇm uvažiti

Steamboat

$11

$100 Indo-Chinga (Prof.) Indo-Chinas (Del.}...

$80

78/9

Shell

871

Į

£11

$78

30 ota.

in Shanghai will be due for re- payment tomorrow. Principal (and interest which will become paya- ble amount to a total of over $56,000,000.

Reconstruction bonds drawn £287 during the eighth drawing in Shanghai, "amounting to some $13,000,000, will become payable at the end of February next.

As in former cases, the Central Bank, the Bank of China and the Bank of Communications will undertake the repayment of principal and payment of interest of these bonds

$223

180

$100

811

$100

Waterboat GALEEYEBA -871

Docks, Wharves,

Godowns, etc.

$103 H.K. & K Wharves

Providenta

Providoate (new)

$20.76)/85 ... E.K. & W. Dook....

$331

$33+

意

$6.00

$95

3551

Do. (now) praė

$280 Shanghai Docks 15. ...

| $19.80)Now "Engineerings ‘8.

Mining

18/0 Kailang kamera

310 84

Banke

Venezuela Gold Fide

3 ota, Hong Kong Mine ... Lands, Hotels and Buildings

85.10 H.K. Hotala amma

H.K. Lande

$100 Do. 4% Debentures #14) Shanghai Lands 5. $4.50 H.K. Ronition

Humphrey ..................

$10! Chinese Extatis

Cotton Mills

831) Zwo (8.)

LAVO

$179 †8′hal Cottone (8) $44 Zoong Blings (8.)' #48 Wing On Textiles (8.)

Pabllo Utilitie

#17] |Tramways

$6

Pack«Tiame foll) ...

Pook Traza (haw)

$98) Star Ferrill mana

Y'mati Ferries

Do (new).

87.70 Chins Lighia_(0)

84 Chine Lights (New)

China Lights Rta

H.K. Electrics...

$20Macho Flectrice .............. 3111 Sandakan Lights sim Telephones [old]

© 89.60 | Telephones (new)

19/6 Trations » samosta ∙12/9 | Tractions" (penƐ.)

Industrials A

$14.00 Cald., Mang. (Ord.) 8. Cald, Macg (Fref.) 8.

$12

$1Canton Inge

$18 Comanda ·

Miscellaneous

78/9

8120 DAILY NEEDS FOR

THE PEOPLE

+

84.35

$20.85

8265

A⠀ ⠀

$244

*

#24

#244

$9.60

$25

11. 1

CHUNGKING, Jan. 31 (Central) 8102 To enable the common people in the interior to acquire at rea-- sonable price daily necessities that have become increasingly costly in the past several months, the $25

Ministry of Economy has estab- lished a daily necessities purchasing 18/0 and sales office of which a set of $9.70 regulations governing its organiza.

tion has just been released.

$3

***

اد

Large quantities of daily neces- sities have been bought by the new office from Shanghai, Hongkong, and other places and are on their 100% Way to Chungking for re-sale te

the people at cheap prices.

$5.15 $33.60

$4.80

88.25

$33

$44

ACUTE DEMAND

A part of the goods bought by the office, it is understood, will be transported to other south-western.

#179 and north-western cities to meet the acute demand by the people there:

$100

$171

$4

Goods bought and sold by the office, according to the regulations, are strictly limited to daily, neces- $88 sitles. The chief of the office 18 appointed by the Ministry of Economy.

***

18/0

$6

Ropes

$6

Dairy Farms (Old)

$221

#21

Dairy Farm (New)...

-8211

Ch. E'tainment

#11

Constructions

*$1.80

(DOW)

37) Lane Crawfords

$31

$8.00

*

$10%

$1. Constructions

Nanjing

$1.80 Bincares

$9 Watsons

Tobacco

50% Ch. G.5% 1850 SBdı.

HE. Gon. 4% Lowas

$85. Govt. Sj%% Loss

$41 H. Wing On

S'ha Wing O

037

Vibro Filing

15/9

Marxmana Int. (Lani,)

Maramape Inv. (HK)

Wm. Powells

#Baler! to Shanghai

10

#9.10

SHOE CO.LTD.

HONGKONG SUPPLIES ALL. KINDS OF FOOTWEAR

Ready

Feb. 3 Settlement

Mar. 4 Settlement

-

56-10 56-10

56-13

DOD WELL & CO.,

RATIONING FOR SOYA BEAN IMPORTS URGED

- LONDON, Jan. 31 (Reuter)]!

the House of Commons yesterday,

HONGKONG

SHAREBROKERS

ASSOCIATION

Volume Of Business Transacted

on Wednesday, Jan. 31, 1940

133 $55.50

44 55.25

H.K... Docks

1,000

20.00%

100

17.70

1,000

8.25.

100

68.00

Mr. G. Strauss asked whether in HK. Electrics vlew of the great importance of soy'a bears

German War economy, the Minister for Econo- mic Warfare would reconsider the decision not to ration quantities imported by contiguous countries

Mr. R. H. Cross assured Mr. Strauss that the matter would be under constant review and that appropriate measures would be taken if the occasion arose.

Hongkong Daily Press CLASSIFIED ADVERTISEMENTS.

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 cur business over to the sale of Gents' Goods, and must make room for new stocks shortly arriv- ing.

4

THE JUBILEE SILK STORE Specialists in Gents Wear, Suits, Shirta, Pyjamas and Underwear,

31 Nathan Road, Kowloon.

Corner Peking Road.

Her EYES WonHim ||

CLEAR MILKY WHITE LUSTROUS

THOUSANDS CLEAREYES, In Soomade „Nam Lany Way FIES reddened or prominantly weined by lata In addition to the head office close them in seconds. With new sciantiso EYE- Jhon or over-indulgence thousands of girla now GENE. And what a difference when whites sen cimr Chungda. number of

wsparking white! Money back it it fails. Refembe branch offices will be established the dred sym like magis, Balilmemente. Cat

EYE-GENE at any drug or department store. mother important centres · in)

urder to better serve the people EYE-GENE

H.K. STOCK EXCHANGE

Very quiet conditions marked the morning session:

BUYEKS

HK Bank, $1,385.

Docks, $204.

Providents, $4.40.

Hotels, $5,05.

Landa, $331

Humphreys, $84.

Yaumati Ferries, $241. "China Lights (New), $44.

Telephones (Old), $24.

Watsons, $8.90.

· Entertainments, $8.00.)

SELLERS

Ropes: $8.

Dairy Farms (Old), $224.

SALES

Union Ina., $486; Docks, $20.90.

Obtainable at all leading Drug & Department Stores Bole Distributors: UNITED TRADERS-Hong Kong..

Tramways, $17,70; - Star Ferries, $88

MANILA GOLD SHARES Atoks 1918. "Antamok 161b, Ba- gulo Gold 23h Batong Buhay 013b, Big Wedge 201b, Coco, Grove '14js, Con. Mines 00366, Demonstration 12}s, East Mindanao 10b, IXL. 39b,” Ipo Gold 13s, Itogon Min: 2616, Manbulao Con. 010b, Masbate Con. 101b, Mand. Motherlode 094b, Mine Operation 10}b, North Camarines" 11b, Paricale Gummaus 224b, San Mauricio 82s, Burigao Con. 171b, Buyoc Con. 13b, Byndicate Inv. 025b, United Paracale 318, Benguet. Con. 6,508.

Telephone No. 50451

Jimmy's

BUTTERICK LADIES TAILOR

Winter Sale

Ready made Overcoat ̈and 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

· Riso

Flower & Vegetable Seeds

GRACA &

& Co.

Dealers in Postage Stamps, Religious Goods, Garden ** Seeda, Toya, etc., etc. No. 10. WYNDHAM STREET, P.O, Búx No, 620) - HONG FONG

Established 1898.

SUMMER

H.K. Trams Humphreys Star Ferry

LONDON GOLD

London, Jan. 30. (Reater). Bar Gold, Fine per oz., 188.

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,

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.

İYOU CAN NOW EXT:-

HOTELS

Telephone No. 56846,

COOKED IN THE

RUSSIAN FOOD RUSSIAN WAY

TABLE D'HOTE $100 ALSO'A LA CARTE

AT THE

METROPOLE HOTEL

1940 ZENITH

NEW MODELS Just arrived NO AERIAL, NO GROUND, Just plug in and play CHUEN YEE HONG

54 Des Voeur Road C..

THOMPSON

LADIES

38,

TEA DANCE DAILY

5 TO 7.30 P.M MUSIC BY THE METROPOLE SWING BAND”

Telephone 24311.

TAILOR

MODERN DRESS CHEAP SALE

NATHAN ROAD, KOWLOON.

ENGRAVERS

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

AUCTIONEERS

GREATEST CURENCHON OF BARGAINS IN DOWN'

LAMMERTS ACROS