1940-02-06 — Page 9

f.

HONGKONG DAILY PRESS

Finance and Commerce

Chinese Urged To Invest In To Invest In Productive Enterprises

CHUNGKING, Feb. 4 (Central)-Dr. Wong Wen-hao, Minis- ter of Economie Affairs, has made an appeal to Chinese capital- ists to invest their money in productive enterprises in Free China.

Decline In Japanese Exports Of Raw Silk

ed.

!!

MANY ADVANTAGES Despite its attendant difficul-

ber.

U.S. CONSUL'S REPORT

ON TUNG OIL

FINANCE

SHORTAGE OF CEREALS IN NORTH CHINA: NO RICE

+

PEIPING, Jan. 15-Among the numerous blessings of the "new order in east Asia," for which the people of north China *have to thank their Japanese conquerora: such, sy a completely chaotic currency, trade restrictions of the most stringent kind, an arbitrary and all-pervading police surveillance, confiscation of land property for schemes of "improvement," there has now to be. added the food shortage in Felping, which is rapidly assuming the dimensions of a femina.

WASHINGION, (Havas by Mali) The Department of Commerce

Not only are all classes of the There is a great, shortage of has made public a report from the Chinese population having the freight cars. partly owing to the U.S. Consulate General at Hankow

greatest difficulty in obaining], losses incurred during the eariy their ordinary dally requirements days of the war and to the con- stating that "no tung ell. arrived from upcountry at the Yangtse unobtainable even for the more guerillas, and partly to oramary of four-rice has been long stant wrecking of trains, by the port during the month of Novem-fortunate Japanese but the poorer wear and tear, which the Japanese classes are unable to obtain have been unable to make good supplies aven of the cheapest kinds owing to the lack of foreign ex- of foodstuffs, such as kaoliang or change, beans, in sufficient quantity to To make this shortage of freight. keep body and soul together. cars worse, the whole of the freight For weeks now, the grain shops bustness of the north China are besieged by long quếue, of poor railways has been handed over t people desirous of buying even "an monopoly, a Japanese transport tew ounces of any kind of cereal, company, which practically sells before the whole of the waiting highest bidder, when, of course, the which is quickly sold out, lone its little available space to the

Japanese get frst consideration, ARBITRARY INTERFERENCE Even certain favoured forefr Indeed, the Japanese authorities firms, who by payment of the seem to be taking this food ques necessary extra fees are able to tion somewhat too easily. For it is obtain freight for the cereals they the rabitrary interference of the have bought for their work people Sino-Japanese authorities with the or for other use, often have to wait free transport and free marketing weeks before the cargoes arrive of grain that is chiefly responsible from Tientsin. for present conditions.

Dr. Wong declared that natural resources in the hinterland are awaiting exploitation for which there is abundant manpower.

China is not without capital but a large portion is lying idle or de- posited in foreign banks. The surest and most profitable way for Three "Japanese firms purchased Chinese capitalists is to invest a total of 95 short tons, and one their money in productive enter-British firm bought 48 short tons prises, such as agriculture, mining, from stocks on hand, but none of commerce, manufacturing dnd the oll was shipped during the transportation, Dr. Wong suggest month Hankow stocks were estimated at the end of November to be 4.489 short tons..

The price of tung oil at Hankow ties, the present moment in China nevertheless dropped from $146 NEW YORK (Havas by mall) ofers a number of advantages; | (Chinese dollars) per picul to $130 The decline in Japanese exports of which did not exist in pre-war between Nov. 2 and Nov, 30, The raw silk to this country was days, according to Dr. Wong. price at Hongkong was down to. sharply accentuated in the nrst Among these are the absence of $126 Hongkong collars from $133 half of December. when only 8,550 external competition owing to the at the beginning of the month. bales were shipped, as compared Japanese coastal blockade and Total exports of tung oll from to 10,575 bales in the same period difficulty in transportation, the Hongkong in October were 4,423, last year. The total so far this rarity of labour trouble as a re- 691 pounds, of which 4,287,000 season is 197,480 bales, as compared suit of the growth of national went to the United States and to 249,132 bales a year ago.

consciousness among the labout-156.781 to the United Kingdom and According to estimates by Rawers, and technical and material Sweden. Silk imports Inc. arrivals for the assistance from the government.. entire month of December will be about 34,472 bales. Arrivals in November amounted to 38,233 bales, and in December last year 42,264 | bales.

Between Dec., 11 and 15 actual arrivals totalled 5,997 bales, includ

ELECTRIC POWER DIFFICULTIES IN JAPAN

Kyoto and elsewhere, according to a Tokyo report.

Electric power is being supplied, however, to telegraphs, telephones, rallway, factories and industries "SHANGHAI, Feb. (Int'l) In-connected with the war. ing 4,560 bales of Japanese silk, dustries in Japan are severely Shortage of electric power is due 1,028 of Chinese silk, and 409 of affected by frequent suspension of to scarcity of coal as a result of Italian silk

electric power in Osaka. Kobe, the war-congested shipping and railway and the three-month drought which crippled hydro- electric production.

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGI

Buyer Sellers Sales Nomise!

$1400

+ £80

E87

£A

SHAREBROKERS' ASSOCIATION

MONDAY 5. FER.

Banke

$1100/10- H.K. Banka

Do. (Col. 28.) ... Do. (Loa. Bag.)

Chartered Banks

22 Mercantile Bb, "A"

Marcantile Bb. "0"

Bank of Bari Aala

TIN

Buyers Sellers Aala Fortles

i-

#

H.K. STOCK EXCHANGE

Deals were reported in Docks, 'Providents. Cements,. Dairy Farms and Watsons. There were enquiries for quite a few other counters which however, met" with no res-

BUYERS

H.K. Bank, $1400.

$1400

289

£97

Eat

ponse.

2281

£11)

878

60 ata.

$220

$180

Lands, $341.

£11

878

N. C. & S. Bake

$212

$465 Union Infarce...

$460

90 cta

$180

$100

$100

**

Canton Ins., $2121

Fires Iris.. $180.

Douglases, $100.

Docks, $21.80. Hotels, $51.

ramways, $17.80.

Yaumati Ferries. $24.

China Lights (0), 57).

crowd has been satisfied.

TUESDAY, FEBRUARY 6, 1940. —PAGE

SAY

Gordon's

...and know what you're drinking/

GORDONS DRY GIN

DISTILLERY LONDON.

NO COLOURING MATTER

NO INJURIOUS INGREDIENTS

HONGKONG

SHAREBROKERS'

ASSOCIATION

Shipment Of Wood Oil

CHUNGKING, Feb. 8 (Central) for ex-

1,700 $ 9.40-shipment of wood all 1,500 4.65 port by animal power instead of 1,500 22.00 by motor or train is being con- 300 22,05 sidered by a number of leading 17.85 members of the trade in order to save fuel and minimize air threat, it is learned here today.

MAIN REASON The Japanese Fress, as might be But the main reason, för the pre- expected, ascribes the shortage to sent food shortage is undoubtedly the nefarious activities of the Com- that there is no free market here munists, who have always been a for imported four (from useful excuse: but they fail to Manchouku, or abroad) which, to Volume Of Business Transacted make clear, how, for instance, the a certain extent, could take the on Monday, Feb. 5, 1940.. Reds are responsible that the con- place of focally-grown cereals and AS. Watsons siderable stocks of four in Tientsin would, at any rate greatly help to China Providents cannot be brought to Peiping or relieve the shortage.

HK. Docks sold on the market there.

H.K. Docks ARTIFICIAL SHORTAGE'

Japanese HK. Trams There can be no doubt whatever authorities, as has already been that the present shortage of cereals said, appear to have taken no In Peiping is, to a large extent, an steps of any kind to cope with the take the most energetic artificial one, for which the Jap- situation. Printing more F. R. B. prompt measures to put an end to anese are solely to blame. In the notes and increasing wages, still this artificially created food first place, the railways in north further is not going to help matters; shortage and to speed up the China which are entirely under no notes will produce stocks of transport of grain from the coast, Japanese control are very badly grain where none are in existence. they are likely, before very long. managed these days.

But unless the Japanese "army to be faced with serious disorders.

SHOE CO.LTD.

HONGKONG SUPPLIES, ALL KINDS OF FOOTWEAR

*** NO STEPS TAKEN Up to DOW the

1,000

•Hongkong Daily Press CLASSIFIED ADVERTISEMENTS

and

•

port the oil, it is pointed out, By using animal power to trana-

many short cuts along the high- way may be utilised which would enable the shipments to arrive at their destination not later than shipments by motor or rall,

MARBLE HALL

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

Road. Phone 59433."

$4.60

$4.60

$21.70

351

$34

$4.55

⠀⠀

:::

8100

China Lights (N), 34.65.

$120

78/9

Electrics, $551.

Telephones. (O), $24)..

Cements, $18.90,

Dairy Farms (0), 521). Dairy Farms (N), $204. Watsons, $9.40.

Entertainments, $8.90."

SELLERS

Insurances

Canton InsursION

Underwriter

H.K. Firs

Shipping

Douglassnikom

310 Steamboats

3100 Indo-Chines

8:0

(Prof.)

Indo-China. (Del.)...

75/14 Shells 871

Waterboats

Docks, Wharves,

Godowns, etc.

8103 H.K. & E. Whacro

Providente

Providenta (10W).

$102

84.38 $40 $4.00

MA

H.K. & W. Docks... $21.60 $22

Do. (0) absters

**

$305 |Shanghai Docks 5. B281 New Engineerings A.

Mining 18/0 Kailan Raube

$10

84 Venezuela Golf Fide 34 eta, Hong Kong Moe...

Lands, Hotels and

Buildings

H.K. Hotala imageng H.K. Landa, ... $100 Do. 4% Debenkma $71.40, Shanghai Lands 8.

་བ-

H.K. Realice in Humphrey..mo

#101 Chinese Estate ......

Cotton. Muis

8361 Ewo (8.)

www.

3179 B'bal Cotton (8) 344 Zoong Sings (8.) $48 Wing On Textilu (8.)

Public Utilities

***

8260

HK. Bank, $1420.

$35

Cements, $18.95.

18/0 89.70

Dalry Farms (0), $22.

SALES

HK. Bank, $1400.

11

Providents, $4,85.

Docks, $21.80/22. ·

Cements, $18.90/19.

$5.20

8341

Dairy Farins (0), $22, # Watsons, 39.40.

100%

$4.60

881

$25

$379

$44 $100

$17.70

18

$4

$68

Ан

$17.70

#17.70

Tramway

18

Peak Tram (c)

#211

£17

$4.65

$4 Peak Trazum (sv) ---

$98 Star Ferri

T'mat! Farrie

Do. (new)

China Lights (0)

China Lights Now)

8242

ria

$7.65

China Lights Rta.. H.K. Hisotrice.............. $564 $20) Macno Electric #112 Sandakan. Lalgkinkan Talaphones (old) ................

$9,60 |Telephoma (new) ́.... 19/6 Tractio

19/9 Tractions (pen.)

Industrias

$14.90) Cald., Maog. (Ori) B.

$19

$1

$8

[Cald., Macg." (Frif.) B.

Canton Ioss

$18.801... {Comoria

$18.00 $19

$21, #201

$6.90

812

Hopes. Miscellaneous

Dairy Farm (Old)

Dairy Farm (New)

Ch. Bain

Constructions

#6

(old)

$1.80

Contractions (new)

$7) | | Lane Crawford

1

$4.60

$24

Star Ferries, $671."

MANILA GOLD SHARES

Atoks 20s, Antamok 18s. Baguio Gold 24s. Batong Buhay 0143, Big Wedge 21s, Coco Grove 144b, Con.

Mines 0030s. Demonstration.138, East Mindanao 10s, LIL 381s, Ipo Gold 123b, Itogon Mining 278, Man. bulao Con, 0135, Masbate Con. 115, Mind: Motherlode 0848, Mine Operation 10th, North Camarines 11s, Paracale Gummaus 224b, San Mauricio 84s, Surigao Con. 18b, Buyoc Con. 1343, Syndicate Inv., 026b, United Paracale 328.

Currency Reserve

Board Figures

CHUNGKING (BY MAIL)-A $8.60 periodical inspection made by the 18/9 Currency Reserve Board in Chung-

king on December 31, 1938, reveal ed that the four Chinese govern- ment banks had up to that date Issued $3,081,787,295 worth of $18.90 banknotes:

#zzi $21

$9,20

Nanyang

Watacom

Tobaco.

$1.80 vie

$9.20

$9.20

20

$100

100

96%

$41

$10

9.1

$951 H. Govt. Big Loun

to%. Ch. G.5% 19950 għās.

B.E. Gori. $% Loss

$41 H.K. Wing O

8'hat Wing OT

281 Vibeo Pilings,

15/8

Maramana Inv. (L00}

Marumans Inv. (1K) Wm. Powell

#Bales. 10

4/0

The Central Bank of China top- ped the list with an 18500 of $1,348,979,745. The Bank of China, the Bank of Communications and the Farmers Bank of China fol- lawed with $771,097,165, $597,378,- 285 and $385,432,180, respectively.

The Inspection also showed that the note issue was fully secured by $1.558,158,138.39 in cash reserves consisting of gold, silver and for- eign exchange and $1,525,628,156.81 in security reserves in the form of securities issued or guaranteed by the government, other assets ac- ceptable to the Ministry of Finance, and acceptable short- term.commercial papers..

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.

Corner Peking Road,

Her EYES Won Him

CLEAR MILKY WHITE LUSTROUS THOUSANDS CLEAR EYES

2012

FYE added on prominently wind by late hours or over fadultonner then addasi Siha DOW close them In seconda. With new adenzife EYE- GENE. And what a differezine winna whites are clear wwwparkling whitst Money back if it fails, Relrebes soother tired eye like mazio. Stalning masie. Get EYE-GENE at any drug or departideņa stora...

EYE-GENE

Obtainable at all leading Drug & Department Stores Sole Distributors: UNITED TRADERA-Hong Kong.

WORK IN U.S. STEEL INDUSTRY MORE MEN AT

NEW YORK" (Havas by Mail) More than 581,000 men were at wark До the American steel industry during November, 1939, according to a report revently resi leased by the American Iron and Steel Institáte. T

•The figures show that 16,000 moře men were employed in the steel industry in November than

October, an indicated an in- Craase of 110,000 over November, 1938, when 460,000 were at work?

Telephone No. 50451

Jimmy's

BUTTERÍCK LADIES TAILOR

Winter Bale

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

We ba

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 Beeds, Toys, etc., etc. No. 10, WYNDHAM STREET, P.O. Bóz No, 820, HONG KONG

Established 1896.

SUMMER

"DRESSES, DAY & EVENING HATS, BAGS & BEACH TÖGS 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, Kowlöon.

YOU CAN NOW EAT:-

HOTELS

Telephone No. 58846

RUSSIAN FOOD COOKED IN THE

RUSSIAN WAY

TABLE D'HOTE $1.00 • ALSO A LA CARTE

AT THE

METROPOLE HOTEL

1940 ZENITH

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

51 Des Voeux Road C.

THOMPSON

'LADIES

38,

TEA DANCE DAILY

5 TO 730 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. 92224,

AUCTIONEERS

GREETING COLLETION OF BARGNWS IN PANN

LAUBLES ALETION LOHA