1940-04-10 — Page 9

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HONGKONG DAILY PRESS

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Bayer

Bilee

SHAREBROKERS' ASSOCIATION

Somias TUESDAY 19,

APRIL

· Banks

Buyer

Balea Tominal

⠀ #mum

$1485

H.K. Banks

£04

Do.. [Col. Bog.)

£93

Do. (Lam. Bog.)

$1490 2014

£93

£91

Chartered Banks ...

Maromatile Bks. "A

£12 Mercantile Bks. “0”

£31

£12)

870

$75

60 at

$230 Canton Insurtmoet ...

$930 $500

85 cts,

$174

$155

$10

$100 Indo-Chiùm.

$80

Indo-China (Del.)...

$100 $120

78/3

Shell

Waterboate

76/3

$7.60

$171

#174

Bank of Basi Asia ...

N. C... Banka

Insurances

1500 Union Issurances,

85 cta. Underwriharu

$160 Douglas $10

Stambol

!!!!!

$22

H.K. Pirm

Shipping

Docks, Wharves,

Godowns, eta,

$100 H.K. K. Wharvon

$100

$4.60 Providente

$191

$6.80

Providenia (now) - H.K. Docks C. RTS H.K. Ducks X. Rts....!

do Rte.

#21 422

$19)

$81

$42

$38

19/0

8A,65

Shanghai Docks S.

100 KallanE

Mining

$9.65 Ranba .....................

YaDouala Gold. Fide

4 eta Hong Kang Miss...

Lands, Hotels and

Buildings

85.10 H.K. Hotels

#36)

#382

$160 Do. 4% Debentures

H.E. Lands

$14 10 Shanghai Lands

H.K. Basilios

$8 Humphreys

$103 Chinese Ketabas

Cotton Mills

35.20

#37

$100

$1.90

$46 Ewo (B.)

$190 8'bal Cottons (5.)

#45) $190

Zoong Sings (8.)

$60

Wing On Terillas (8.) $100)

Public Utilities

$17.88 $17 | $17,80/70

..Tramways

$171

Park Tram (old) ***

Peak Trams (now)

358

Biar Ferris

820

Y'ati Ferries

Do. {new)

Chios Lights (0)

16.20 China Lights (New)...|

China Light Rta.

H.K. Electrics

Macao Blackrico

194

$88

$251

5/5.201

$86

$22

811} {Sandakan 'Lights

$29.40 $20 $10.95

(Telaphonar (old).......

$291

Telephones (new) ....

$10 00

Tractions

21/0

Tractions (prof.)

Industrials

$14.90 Cala., Ksog. (Ord.) 8.

81:

Cald., Mack. (Fret.) 8.

Canton Iow

$17) Casuania

$5.56 Ropes Surdosa

Miscellaneous

81 $17

$214

Dairy Farm

821+

#21)

Dairy Farm...

$8.80

Ch. É'tainment

$6.80

81}

Constructions

(old)

$1.85

Constructions (DW)

171

Lane Crawfords

Nanyang Tobacco

$31

32 89,13

Binoeres

#9 15

89.15

$9.15

$109 HE GOT 4% Loans

102

897

H.K. Gork. 31% Loan

981%

$44

H.E. Wing On

844

S'ha Wing On...............

$14

Vibro Piling

Bat

14/0

Marsmans Inv. (Lon.)

€11

Watsons'

69. Ch. G.5% 19250 $8da.

| Maramana Inv. (H.K.)

Wm. Powella

|*Sales

Shanghai

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, April 8, Chosen Corporation

8/6

1/6

152

294

The following quotations are the Pekin Syndicate... middle prices at the close of the Slat Bec. Constr, Co. market in London. At quotations S'haf Waterworks "A" are subject to confirmation and no Union Insurance responsibility is assumed for errors Gula Kalimpong Rubber 18/9 In transmission.

Allied Ironfounders

14.

War Loun, 31% (Red

after 1952) Canton-K'lcon Ely. 5% Chinese 41% Gold Loan

1898 (Brit, Issue) Chinese 5% Gold Bonds,

1925-47

Asso. & Elec. Industries 38/10 Austin Mötors, ord:

99-9/16

Cable & Wireless, New

Form, ord.

B.-A, Tob. (bearer)

107/6

58.

Mexican Eagle

121

Cammell Laird, ord.

7/3

Mexican Eagle .....

6/71

Chin. 41% Anglo-French Loan, 1908 ................ Chinese 5% Crisp Loan.

1913 (1dn. Is.)

Courtaulds

39/44

Distillers

68/9

Dunlop Rubber

36/91

Gen. Electric (England)

79/104

Chinese 5% Reorg, Loan.

Guinness (A) Bon & Co.

79/3

Hawker Siddeley Airę....

1912

12/10/

Chinese 8% Ster. Noter.

Bristol Aeroplane

1925 (Vickers)

Imperial Chemical Ind.

Chin. Imperial Rly. 5%

Imperial Tobacco

15. 31/7F 118/9

Loan

Marks & Sp'cer “A” ord. 52/14

Honan Rly. 5%

Rolls Royce

Hukuang Rly. $%. 1911...

Leyland Motors

Hukuang Rly. 5%, 1911

Tate & Lyle

54/3

Turner & Newall

German Issue)

17.

65/11

Lung Taing & U. Hai

United Steel

23/44

Rly. 5% 1913

Smethwick Drop Forg. ... 15.

Shai-N'King Rly. 5%

Armstrong. Stevens, ord." 6

Tientsin-Pukow Rly. 5%

(Brit. Stpd.)

Pressed Steel, com,

17/44

..13

Vickers, ord."

17/74

Tientsin-Pukow Rly. 5%

Woolworths.

64/44

(German Stpd.) Tientsin-Pukow Rly 5% (Brit. Stpd. Supt. Loan) Tientsin-Pukow Rly. 5%

(Ger. Stpd. Supl. Loan) 13. Jap. 5% Ster, Loan, 1907 50

Anglo-Dutch

23/3

Jap. 6% Ster. Loan, 1924

532

Ger, 7% Intl. Loan, 1924 8

Chartered Bank

HX, & S'hai Bank (Lda.

Reg.)

941

Rub. Plant. Invest. Trust Burma Corporation ...... Commonwealth Mining Marsmah Investments.... *14 'Randfontein Estates ·..... 39/41 Western Holdings ......... 17/0 Sub-Nigel ROZSÁHORTUM 108/0 Tanami Gold Mining ... 6d Anglo-Iranian ............ 53/9 Birmah

70/71

9/41

HK. & Shai Bank (Col.

Reg) Chinese Eng. & Mining

Shell Trans.

& Trad.

(bearer)

034

(bearer)

16/3

Nominal

i-ex-dividend

FINANCE

Finance and Commerce

BRITISH BANK SPEECHES

Readjustment Of Economy To Strain Of War

THE READJUSTMENT OF THE BRITISH ECONOMY TO THE STRAIN OF WAR AND THE NEW PROBLEMS FACING BOTH THEIR OWN INSTTIUTIONS AND THE. COUNIRY AS A WHOLE were the principal to ples of `discussion at the recent annual meetings of British banks. Quietly but none the less eloquently "the chairmen told of the effects upon the banks of the call to the fighting services. All the banks, large and small, shared with other British businesses the loss of employees, in one case nearly one-e`ght of the entire male personnel. The serious dislocation caused vent a continued rise in manu- by such a transfer of staff, at a |facturing costs and prices, time

DA office decentralization Mr. Edwin Fisher, Chairman of and emergency calls, upon bank-Barclays Bank, urged that every ing facilities, can be imagined. effort effort be made to pay for į The speed and skill with which ad-necessary imports by the results justments were made indicate that of current exports, rather than In this, as in other matters, the through the utilization of existing British banks týpify the whole of external resources; he also point- Great Britain.

ed out the evils of rising costs

The general econmic" structure and prices. of the country has gone through We should endeavour to deny a similar period of change in re-to nurselves the importation of sponse to the new conditions. any goods that can rightly be Mr. Colin F. Campbell. Chair-described non-essential, in man of the National Provincial | favour of those many require- Bank, pointed out that "seen in ments which are vital to our needs proper perspective the first few and which come to us from over-

seas. Such months of the war constitute

course. would not period of readjustment of the only free the foreign exchange whole of the nation's economy. needed to finance the latter, but

H.K. STOCK

EXCHANGE

An air of quietness still abounds, though enquiries are on a better scale than yesterday.

BUYERS"

HK. Banks, $1480. HK. Fire Ina, $171. HK, Docks, Cum Ris, $21. HK. Docks X. Rts, $184. H. & S. Hotels, $5. HK, Tramways, $17ą. Electrics, $65.30. Cements, $17. Watsons, $9.15... Wm. Powell, $1, Entertainments, $8.80,

SELLERS

H.K. Fire Ins., $174. ILK. Docks Cum. Rts.. $22. HK. Docks X. Rts., $19. H.K. Tramways, $18. Electrics, $66. Telephones (0), $29. Telephones (N), $10.96,

SALES

H.K. Banks, $1485. Bank of E Asia, $74. Union Ins.. $500. HK. Fire Ins., $171. HK. Wharves, $100.20/100. H. & S. Hotels, $5/5.05. HK. Lands, $364. HK. Tramways, $177. Electrics. $681/654. Dairy Farms. $21.35. "Watsons, $9,227,

WEDNESDAY, APRIL 10, 1940. --PAGE

Mineral Development

In Szechwan

Through a number of its subsidiary organs, the Ministry of Economic Affairs has mapped out comprehensive plans for the ex- ploitation of the gold, Iron, copper, lead, "sine, silver mercury and antimony deposits in various parts of Szechwan

For gold, eighteen state gold mining areas are being marked out, six of which are in the upper reaches of the Min River, two along the Great and Small Golden Sand rivers, two in the Tu Tu river basin, 'Tour in the headwater of the Kialing River, 011 the the remaining four upper Yangtze.

If work starts in these areas simultaneously. they can produce 40,000 more ounces of gold every year for Free China.

او

limited.

Economic

GOLD WEALTH

Affairs

private

mining areas will be marked out and work will be started on the most hopeful deposits. Then silver refinery will be set up.

The plan for mercury is also on a three-year basis, alming `at the production of 20 tons of mercury and five tons of cinnabar this year, and then at their steady increase to 100 tons of mercury and 20 tons of cinnabar in 1942.

A separate plan has been map- ped out to produce 1,000 tons of antimony this year in districts

Hunan bordering

its and subsequent increase in quantity

SIKANG PRODUCTS' EXHIBITION

The interest of the Chinese the development of

the

The National Government, in its eurt to exploit Szechwan's gold to 1,500 tons in 1942. wealth, is in no way competing with provincial and Interests, It assists them in operating the mines that are being worked. They are, however; told to concentrate their efforts in people in gold-washing and in exploiting Sikang is shown by their presence smaller nines as their technical despite bad weather at a three- art and and financial capacities are rather day exhibit

products of that

province in Chungking which began March 16.- Ten spots with good mining

The exhibit is sponsored by the prospects along the Min. the Yangtze. the Kialing. the Tu and China Scientific Institute and the association for the study of the Ta Tu river valleys, have been

frontier problems. assigned to provincial authorities

Divided into sections of photos, for development, Attention is also

antiques, instruments, art and given to goldmining by private

the education,

exhibit throws interests. A sum of $3,000,000 will new light on the possibilities of be appropriated by the Ministry of opening up this province not only MANILA GOLD SHARES Atoks 17s, Antamok 12. Bagulo

back from economical, but also from That this process is being accom-would also liberate valuable cargo Gold 225, Batong Buhay 013, Big enterprising businessmen in the social and political standpoints. It plished with a minimum of serious space in which the essential goods Wedge 181s. Coco Grove 105, Con. gold mining Industry. The Chinese convinces the visitors that Sikang dislocation reflects great credit on would be carried to our shores. Mines 0035

Industrial Cooperatives, in Demonstration 0846.

its after all, is not Я

of land those who many months ago were While it is true that certainLX.L 33s. Ipo Gold 0936 Icogon

general meeting last summer, also wilderness and the country of obliged to formulate plans which material which we need in war- Mining 213s. Masbate Con. 091s, decided to establish a number of "barbarians." It is the virginland in the nature of things it was Im-time must be obtained from Mine Operations 0815. North Ga- groups for goldwashing and mall- west China awaiting systematic possible to try out in practice be- overseas, it may even be prudent marines 05b, Paracale Gummaus scale gold-mining in Szechwap. development. fore a state of emergency arose. that other purchases should be 171b, San Mauricio 655, Surigao Yunnan and Sikang.

Meanwhile, the Ministry of Mistakes there have been, and it made abroad, although the goods Con, 20s, Sugo Com 121b. Syndi-

Before the" War... Szechwan, Economic Affairs has decided to $500,000 for the is well that public criticism has could be produced at home, for by cate Inv., 0175, United Paracale including many parts of what has appropriate assisted to remedy them.

this means a saving of our own 25s."Mindanao Motherlode 09b. now become Sikang Province, development in. Sikang of such

produced some 30,000 ounces of industries as spinning and weav

out of & gold annually

total ing. tanning and paper making China production of little more Attention will also be given to the preservation of forests, the planting, than 100,000 ounces.:

Regarding fron, in addition toj of mulberry trees and the rearing the mine at Kiklang south of silkworms. In addition, the Chungking which is capable of ministry is planning to work on producing 300 tons of ores every the coal, gold and iron in three day, a new iron mining area has different places in Sikang. been created at Fuling. It is estimated that before long, the yearly output of iron and steel in Szechwan, using both old and new

NEW YORK, Apr. 8 (Reuter)— methods. can be raised to 150.000 During the first six months "of tons. The iran production plan the war there was a big increase starting in 1940 is on a three-year in United States exports

to Bri- tain and France and a big fall-' ing off in those to Germany.

"It seems to me, however, that man power is accomplished. there is the risk of danger in J

"The goods so purchased could over criticism, for it not only be paid for by sales of goods. tends to undermine the confidence manufactured in this country and of those who may be doing their not required for war purposes. To best in dificult circumstances, secure by our export trade a re- but also discredits just and neces-

turn flow of the goods we need or sary criticism."

the exchange to buy them from other countries is

EXPORT TRADE

HONGKONG

SHAREBROKERS

ASSOCIATION Volume of Business Transacted on Tuesday, April 9, 1940. as. Watsons

factor that is as important as It China Lights (N)

self-evident."

500 $ 922

cardinal China Lights (0)

500 9.25 *300

500

"Dairy Farms

100

RATIONING

8,00 5.00 21.35 130 21.45

".... the need to prevent, as far H.K. Electrics as possible., dislocation of the HK.. Wharves economic structure and what has been described

as the vicious

100 65.75

100,00 100,20 100.00 500,00 5,000 0.50

1,532 *Sale on Monday, the 8th inst. The total value is $69.158.00

100

200

basis.'

COPPER DEPOSITS

Emphasis was placed by all the speakers on the necessity for in- Creasing British export trade, avolding excessive price increases and providing adequate nancial means for the conduct of the war. The Chairman of the Westminster spiral in which now prices, now Unions Ins. Bank, the Hon. Rupert F. Beckett, wages, seek for the ascendancy.

Itogors pointed out the

opportunities Rationing alone would not provide which now await British exporters the solution, for although valuable and of which advantage should be as a means of securing equitable taken without delay.

distribution of limited supplies, It "From a great part of the West-would tend to divert demand to ern world, Germany has been vir unrationed articles. To some ex tually ruled out as a trader, through the vigilance of our Navy. means the removal of a formidable competitor especially as the exports of ourselves and Germans, both highly industrialized countries,

This

U.S. EXPORTS TO ALLIES

For the development of the cop- Up to the end of February the per deposits in Szechwan, the total value of exports from the same ministry has also worked out United States rose by one-third a three-year plan. Starting in) (£487,000,000). Of these the value 1940, the native methods of of the total exports to Germany GERMAN TRANSPORT several new mines will be worked. than corresponding figure for 1938. production will be improved, was £175,000 £18,000,000 less

The exports to Britain totalled £79,000,000 and to France £37,000,000

TORPEDOED

over

tent, the adjustment will be ac-

and a refinery will be built to complished by the higher taxation

OSLO, April # (Reuter)-A produce five tons of ane copper which the country is now bearing German military transport, with every day. and which will result in the three hundred men aboard. was Lead, zinc and silver are ofteri transfer to the State of an in- torpedoed near, Christiana, Nor-found together in the Telpo- increase of 15 per cent. The pur- creased share of the purchasing way. It is added that 150 lives Mapien-Opien area on the chases of aeroplanes by the Allies

Szechwan-Yunnan border. Dednite amounted almost to £23,000,000

Continued on Page 11

SHOE CO.LTD.

HONGKONG " SUPPLIES ALL

KINDS OF

· FOOTWEAR

are similar in character. `Bút this is not all. Other European coun- tries also find their exports feo- pardized by Germany's methods' on the high seas, and some cur- tallment has naturally followed.

"Countries contiguous to · Ger- many, and large customers hers mainly for that reason, and German pressure to trade with her often against their own na- tional interests and political.. in- clinations, and trade conducted in sterling has obvious advantages over barter, transactions. · Many South American countries, too, formerly large customers of Ger many, now find that market for both imports and exports closed to them, and must look elsewhere tor trade development; their

BEST CANDY STORE sympathies" frequently incline COLONY, WITH LARGE ABSORT- them to turn to Britain to fill the MENT BRITISH-AMERICAN CAN- gap. All these factors, then, com- DIES FRESH CONSIGNMENT bine to open

favourable NUTS, FIGS, RAISINS

BRITISH-AMERI- Avenues for our trade which in CHOCOLATES, normal circumstances would never CAN CANDY STORE, 15, POTTIN-

GER" STREET. have presented themselves great a scale.

מנו

WELL AWARE

on.

FINE

SILVER MARKET

"But important neutrál coun- tries which are not preoccupied

LONDON SILVER aa we are with provision for actual

London, Apr. 8 Reuter). warfare, are also well aware of

Silver: Market very quiet. Small these opportunities, and have business. In the afternoon, the more time and attention to market was, quietly, steady,

give to their exploitation, 30 that although we have lost one termidable competitor, others will not be slow to enter the Beld. We shall need all

our foresight, energy, and resourcefulness to win further trade through." these outlets, birt I have hopes that we

shall succeed."discuss

Mr. Campbell discussed the determining effect of the price factor in foreign trade and the importance of the efforts being made by the Government to pre

Spot, 20-1/8d.

Forward, 20-1/8d.

BOMBAY SILVER

Bombay, Apr. 8. (Reuter). Market--Quiet but steady. Of- take 150 bars,

Indian Mini Bulver

Ready May 1 Settlement 'June 3 Bettlement

57-00 57-01

67-05

NEW YORK SILYER New York, Apr.a(Reuter). Silver, Official, 34-3/4

were lost.

Hongkong Daily Press CLASSIFIED

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