HONGKONG DAILY PRESS
Finance and Commerce
Chinese Government Plans LONDON RUBBER
88 New Textile Plants
1"
MARKET
Sharp Premium Accentuation For Near Deliveries
divided
FINANCE
Alleged Misclassification Of Shipments Of Silk: Investigation Ordered
WASHINGTON, (Havas by Mall)The United States Mari- time Commission has ordered an investigation into alleged mis- description and misclassification of shipments of silk and other commodities and understatements of weight in bills of lading. rebates, and certain other practices of twelve foreign, and two American flag steamship companies engaged in trade between the United States and Japan.
CHUNGKING. Fab. 2 (C.1.C.) — Additional to its assistance to the various cotton mills In Free China, the Ministry of Economic Affairs is going to establish 88 moderately-sized spinning mills in the interior provinces. Although the combined capacity of the 88 mills will amount to only 42,000 bales of cotton yarn a
Named in the complaint were: year, the supply will go far toward meeting the nation's needs.
American President Lines, Cana- LONDON, Feb. 0 (Reuter)-A" dlan Steamships, China Mutual During normal years. China's of the mills will be located in the sharp accentuation of premium Steam 3,000,000 spindles annually pro- North-west, while the remaining in near rubber over forward de- Steamship Co.
Navigation CO..
Ocean duced more than 2,000,000 bales of 18 will be established in the Sze-liveries was a feature of the Lon- 'Line), Kawasaki Kisen Kaisha, (the Blue Fimnel cotton yarn, of which two-fifthschwan-Sikang are."
don Rubber Market yesterday, were produced by foreign mills.
Kokusai Kisen Kaisha, Osaka, "The promotion" of handicraft Opinions hitherto More than 2,300,000 spindles were spinning in Free China is expected evenly
have been Syosen Kaisha, States "Steamship lost as a result of the war. Today to raise the percentage of produc-freight position and this resulted With Wuheimson (Barber Wilhelm- regarding the, Co.. United Ocean Transport Co.. Free China is rebuilding its cotton ton of cotton yarn by this tradi- in narrow price, fluctuations, Industry both by encouraging more tional but revised method to production in the mills evacuated higher level as compared with that
MAIN FACTOR In the last two days, however, from occupied or war areas and by by modeni machines. Before the the majority of dealers express- reviving the traditional hand-war, 83 per cent of China's cottoned the view that freightage will eratts of spinning and weaving. yarn production was by machines be the main factor in regulating Szechwan at present has 140,000 and only 17 per cent was produces spindles, Sheast has 70,000 and by hand-madę devices. Yunnan has 30,000. Most of these Were removed from factories formerly located in Central China
cities like Hankow and Chengchow. Overseas Insurance
INVESTMENT & DISTRIBUTION
Claims
#4
com-
prices and not the question of supplies of physical rubber, pre- viously there had been no market: to demand and attract attention to this weakness of the technical position."
LACK OF INTEREST While the demand for near positions has grown, there, bas en a noticeable lack of interest 'n forwards, resulting in
normal premium for spot for March and April deliveries.
Rubber dealers
the
express
11
an
ser Line), Yamashita Kisen Kabushix! Kaisha, Maersk Line, Nippon Yusen Kaishia, and Mitsa! Bussan Kaisha.
complaint, the Commission said. The practices referred to in the
had the effect of:
11
$
Money Smugglers Caught In Paris
Twenty arrests were made in
· sudden police operation against a widespread Black Bourse, or unoticial market, syndicate in Paris.
Mr.
1. Allowing persons to obtain transportation for property at less Hosten Saxen Wolf, was arrested
A Lettish-born banker, than the regular rates and charges in his sumptuously-appointed apart. established by such carriers, inment in the fashionable Rue de violation of Section 16 of the Shipping Act of 1916, as amended. the syndicate, who were attempting" Longchamp, Two other members of
to smuggle gold and currency across the Franco-Swiss frontier. were caught red-handed in the £80,000 worth of foreign currency Gare de Lyen, with more than hidden beneath the false bottoms of their luggage.
UNDUE PREJUDICE
to
2 Giving undue reference particular persons and descrip- tions of traffic, and subjectins particular persons
and descrip- tions of traffic to undue prejudice the same section of the law. and disadvantage, in violation of
Capitalized at $80,000 each, the LONDON, Feb. 9 (Reuter)-In 68 new spinning mills will repre- the House of Commons yesterday, sent a total investment of $5.280.- Sir John Simon, Chancellor of the 000 by the government and the Exchequer, said that the fullest public. Each Jenny will cost $400. arrangements had been made to Each spinning mill will be furnish enable British insurance ed with 2,000 spindles whose pro- ponies to carry on their over-opinion that this is due to the duction capacity will equal that of seas business without impediment majority of operators expecting 400 new-type spindles. A different and to meet claims by Allied, reulater in the year. Consequently, larger supplies to be forthcoming model of spinning wheel, known tral or British claimants under as "yeh ching model" which is policy, In accordance with the they are not yet covering exten. said to be more serviceable than terms of the polley, whether it vely against forward and are for transportation which are in-taneously cafes in the same dis- 3. Collecting rates and charges aging directors and simul. the popular "July 7 model.". will was expressed in sterling or
hedging for sales made against justly be used in these mills. Fifty-four foreign currency...
between tric; were raided in the search for agents of the syndicate,
"""
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
SHAREBROKERS' ASSOCIATION
Buyers Bellora
Balma
No
WED...
7.
Lasers
Ballare
FEB.
$1880 #1410!
380
Banks
H.K. Banks
Do. (Col. Beg)
987型 Do. (Lon. Bag)
Chartered Banka..... Mercantile Bka. “1”
Mercantile Bka, “Q
in
discriminatory the prous heavy godown pur-shippers, in, violation of Section 17 chases.
of the same law.
Home Affairs
BRITISH PRESS ON
con-
►
The commission also stated that the carriers named. "acting in concert, are applying unlawful rates and charges and engaging
in
unlawful practices." This, # stated. violates Section 15 of the shipping act.
RLY. AGREEMENT LONDON, Feb. 9 (Reuter)-The Saxornai British Press was chiefly
cerned
A date for hearings on the com- yesterday with Home plaint will be set, it was announc- affairs, notably the Government's ed. agreement with "the railway.
.$1400
£871
180
FAIR AGREEMENT
For the most part, the British, Press considers the agreement
£28 fair one to all.
£119
878
£82
9
1
$78
Bank of Bari ANG ...
N. C. & B. Backs...
Insurances
89124
Cantos InsurÄNOME ...
8220
8465
Union InsuTAGON
$460
Underwriters
B.K. Firs
$190
Shipping
Douglass
$100
810
$100
$120
$180
3108tbosta
10 Indo-Chinas (Prof.).
S
and the have
The scheme, in the opinion of the Daily Telegraph, is a fair 50 cts. compromise between the claims
of the stock-holders public, The railways suffered heavily in recent years and now that they have vital na- tional services to perform they deserve a fair deal.
the
TWO CRITICISMS The Daily Express and 76/10 "Dally Herald, however, bosh cri
ticise the agreement
$100
830
Indo Chiuse (Del.)...
76/7 Shell
STI
Waterboats
873
Docks, Wharves,
Godowns, etc.
$103 HK. & K. Wheyen
$4.00
$4.65
$4.60 4.70 84.65
$21.10
$22
H.K. & W. Docka... 822
Do. (new)
322/22.20
T
851
8354
$217
$7.50 341 $5
WAN
Providente
Providente (ne)
810
Ranbi
84
$315 Shanghai Docks 5.
328) New Engineerings 8.
18/0 Kailans
Mining
Venezuela Gold Fide
34 eta. Hong Kong Min ... Lands, Hotels and
Buildinga
H.K. Kotala
834/35 HK. Lands...
#101 Chinese Extabes .......
Cotton MUIS
$37 Ewo
(8.)
$170 S'hal Cottons. (5.) ...
$41
Zoong Bings (8.)
848 Wing On Textiles (6.)
Pablle Utilities
Chins Lighia (0)
Chine Lights New) -$4.75
The Daily Herald wants to know why one section the rail- $109 way stock-holders should
be assisted by the Government to earn increased war profits? the Government had guaranteed them their pre-war level of profit, this would have been fairness.
complete
$3/0
826
•18/0
If
The Daily Express wants to know why the "Government should De prepared to help the railways and not private firms?
MONEY AND EXCHANGE
CLOSING QUOTATIONS
Telegraphic Transfer. 1/13/18
ENTERED BANKS Police entered two banks near the Bourse and arrested the man-
The police acted on informa inn tha: this organisation was arranging illicit exportation of Capital to neutral countries and conducting a traffic in gold louis, sterling and dollars.
They sold dollar notes at the rate of 60 francs while the nominal official quotation Is 43 Some £100,000 in gold louis pieces. francs. sold at 300 francs, gold dollars and
paper money were seized.
SHOE CO.LTD.
•
HONGKONG SUPPLIES ALL
KINDS OF FOOTWEAR
INSURANCES
15
The National Mutual Life Association of Australasia offers you the best conditions for fund for old age, and your family in case of your deatb":" Annuities and educational policies are Also issued. Insure now. Office:-6, Des Voeux Rd. Central (5th floor Room No. 64), Bank of Canton Build- ing, Hongkong.
Bedideas. Secretary, Tel. No. 27473.
H. B. WELLS.
Her EYES Won Hum
Bank Bills, on demand 1/2 13/16 CLEAR MILKY WHITE LUSTROUS
Credits 4 months" sight 1/35/32
On Shanghai--.:
On demand. 325
Telegraphic
and demand
Transfer.
62 1/2
04
82 1/8
$6,55
$351
.8351
$100 Do. 4% Debeataris 27 $18.20 Shanghai Landa 8.
100.
84.65 H.K. Healties $4.60 8 Humphreys
881
$35
FEBRUARY
79
1940
8170
On London
$44
$100
$16.20 $18
$18/181
Tramways
$18.10
TALKERTOJAME DA
$8
Peak Trama (old) *-+
$4
Peak Trama (www) 10
$57
Btar Ferries
$68
On Singapore:---
;
I'mati Ferries
"
8241
On demand
Do. (oww)
On Japani:-
87.70
On demand
China Lights Rta.
On India:--
1
$50
#56/1601
H.K. Electros mon
856
$20)
Macho Electrion
$11
Bandakan Lights
On New York:--
195
Telephoon (old)
$241
89.30
Telephones (new)
$9.30
19/6 Tractions
21/0
18/9 Tractions (prof.)
On Batavia:-
Industrials
On demand
On Paris:-
$12
Cald., Macg (Fraf.) §.
81
Canton Tow
$1
$19.10
Commente
$19.10
On Saigon:-.
ரசுர
$6
Ворм
Un demand
322+
On Manila:--
211
On demand
On Bangkok:
$1.86
On demand
On Sterling Notes:-
38
Bank Buying Rate
$31
$2
Bar Silver per cz.
$0.401.150.
T
[100
E0%New York
08%
$10
89.10
$211
$91
$9.40
19!!!!
IM
$14.00 Cald, Mog. (Ord.) B.
(old)
(DOT)
Miscellaneou
Dairy Farm (Old)
Dairy Farm (New)
Ch. B'bainmente mun $14 Constructions Constructions
#71 Lane Crawfords
Neayang Tobacco
$1.80 Sinceres Watscom
80.45/94.
50% Ch, G.5%, 1960 $86.
$100 H., Govt. 4% Lones
305 H.E. Gort. 81% Lomp
841 B.K. Wing On
d'het Wing O
Vibro Filing
Marsmans Inv. (Lou.}
Marsmans Inv. (H.K.) Wm. Powalla
*Bales to Bhangkal
18
15/a
1.420
31
$9.45
THOUSANDS CLEAR EYES..In Proinde „New Enry Viny YES roddened or prominently land by late hours of re-inditietoads of girls now cloar them in seconds. With nude EYE- GENE. And what ad
parkding white: Moner on when whites are clear back if it fails, Refreshes south tired eyes like saagis, Stainless. Gles EYE-GENE at any drug or department store.
EYE-GENE
Obtainable at all
Bank Billa, en demand 24 9/18 leading Drug & Department Stores
Credits, 60 days" sight 25,3/16
45 3/4
Bank Bills, on-demand 1585-
Credits 4 months' sight 1140
18 1/4
49 1/8
*********** 150 1/4
Exchange
1/3 3/4 31 11/16
New York, Feb, & (Reuter). T.T..on London (Opening Rate). 3.98-1/8.
Calcatta Exchange
Calcutta, Feb. 8 (Reuter).
TT on Japan, 78-172
Sole. Distributors: UNITED TRADERS-Hong Kong.
STOCK EXCHANGE ACTIVE
active
ozn
LONDON, Feb. 9 (Reuter)-On the Stock Exchange Home Rails were
and higher. Wednesday's publication of térma of compensation agreement, Gilt- edged were easier and other groups mainly steady.
Among commodities, rubber for near positions was strong Won covering, together with the absence of offera: Forward were neglected. ・・
Wall Street was steady.
deliveries
SATURDAY, FEBRUARY 10, 1940.-PAGE 9
BLACK&WHITE
FINEST QUALITY IN. SCOTCH WHISKY
THOSE WHO KNOW, SAY
IT'S THE SCOTCH.
K. M. A..
CERAMIC & REFRACTORY PRODUCT
CLINGER PAVING, BUILDING & FIRE -BRICKS
STONE-
-WABE
PIPES &
GLAZED
TILES
Ask for our Illustrated Catalogue-Compare our Prices and Inspect our wide Exage of Samples
THE KAILAN MINING ADMINISTRATION, DODWELL & CO., LTD.. Agents, Hong Kong
Hongkong Daily Press CLASSIFIED ADVERTISEMENTS
MARBLE HALL
(and Annexe Private Hotel), -34, Granville and 103, Austin Roads, Kowloon, tennis courts. Beautiful garden. Rooma and sultes with private bathrooms. All modern conveniences. Apply proprietress, 103, Austin Road. Phone 50233 and 34, Granville Road. Phone 59433.
ENGRAVERS
FEI FEI & CO.
Photo Engravers
18, Cochrane Street, Telephone No. 22224.
AUCTIONEERS
GREATEST COLLECHON OF BARGAINS IN TOWN!
01
LAMMERT'S JUCTION ROOM
LADIES AND GENTS, TAILORS
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,"
YOU CAN NOW EAT-
HOTELS
Telephone No. 58846
Lambert Brothers--2. Cam RUSSIAN FOOD COOKED IN THE
Roud Central. Telephone No. 202241
Jimmy's
BUTTERICK LADIES TAILOR
Winter Sales
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
silso
Flower & Vegetable Seeds
GRACA & CO. Dealers in Postage Stamps, Religious Goods, Garden. Seeds, Toys, etc., etc. Bombay, Feb. 8 (Reuter).
No. 10, WYNDHAM STREET: Government 31% Rupee. 91-0-0 P.O, Box No. 630, HONG KONG nominal.
India Rupee Paper
Established 1898.
RUSSIAN WAY TABLE D'HOTE $1.00 ALSO A LA CARTE AT THE
UST
I
METROPOLE HOTEL
1940 ZENITH
NEW MODELS Just arrived NO AERIAL, NO GROUND, Just plug in and play CHUEN YEE HONG
54 Des Voeux. Road C.
THOMPSON
LADIES'
38.
TEA DANCE DAILY
5 TO 7.30 PM. MUSIC BY THE METROPOLE SWING BAND
Telephone 24311.
TAILOR
ONE PRESS
MODERN DRESS
CHEAP SALE
NATHAN ROAD, KOWLOON,
SPECIALTY SHOPS
MADE YOUR HOME CHARMING !
B. B. Co., LAMPSHADE
"MA, NATHAN ROAD, KOWLOON.
TEL: 13491.
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