1940-08-14 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

CANADA'S REFUGEE New Shanghai

INDUSTRY

More than 5,000 European fugitives, and millions of fugitive dollars rescued from wrecked enterprises abroad, are finding a haven in Canada in the greatest industrial immigration the Dominion has ever known.

Already an estimated 20,000,000 | preferred the United States. but dols' has been put to work in a were barred, by rigid immigration wide assortment of industries. The restrictions.

Ban

SALE OF CHINESE WINE CONTROLLED

The sale of various kinds of Chinese wine in Shanghai will be brought under the control of a new market nained the "Shanghai ne Bohemian glassware that was

Even if they had been able Wine Market" which has just the pride of Czechoslovak ar:istry themselves to enter, it would have come into existence at 146 Quin- and was made only in that coun-been next to specialized workers as san Road. Hongkew, reports the try is now being manufactured in important to their product as is North China Daily News, Ottawa under supervision of the their capital."

Registration of wine merchants

abroad.

The man

facturing fine silks in Ontario,

HELPING WAR EFFORT

A

The influx is helping Canada's war efforts against Germany: a munitions - plant at Sorel, Quebec, where 3.000,000 cols, has already been spent, is virtually the trans- fer of part of the great Skoda gun plant from Czechoslovakia; the Bata Shoe Company at Frankfort. Ont.. is turning out precision gauges used in armament work.

It is estimated that at least 500,- 000,000 dola. of refugee money is secking employment in Canada Many of these refugees would have

tod.

.

There has been nothing like this

(N.Y, Times).

LOCAL ESTATE" The late Mr. Joseph Gabriel died at Feild Poulet Osier, who

RISE IN PRICES The "Sin, Wan Pao" reported'

FINANCE & GENERAL

Living Costs Soar In Shanghai: Spreading Of Industrial Depression

The closing of French Indo-China and Burm routes and blockade of Fukien and Chekiant ports has deprived Shanghai productions of their main outlets and is a contributior factor to the trade depression there, according to the report for July issued by the industrial section of the Shanghai Municipal Council. The report discloses that prices of certain commodities, including meat and rentals, have kept soaring for the past six months.

Uving An index showing the cost of

of foreigners Shanghai registers an Increase of 3.74 per cent over June while the purchasing power of the local dollar was reduced" by 35.65 per cent. In July in comparison with the October, 1939 base. In the course of six months it arid higher rice prices for the first was shown, the rent for a standard half of the month The rent index sized room in a detached or semi- showed an increase of 14.22 per

last...

FOOD GROUP

in

WEDNESDAY," AUGUST 14, 1940. --PAGE 9

Poor appetite? TAKE

"BLACK

& WHITE"

THOSE WHO KNOW SAY,

IT'S THE SCOTCH.

Large Scale Incubation

가

To Increase Chickens

Bohemian experts who made it Canada is favoured because re- was started by the new market detached house has gone up by cent for January-June while there A group from Germany who res-fugees see there the stability of yesterday and the procedure will 17.74 per cent, and rents for apart was a slight decline in the prices

British institutions and justice, be completed on August 13, after ments and flats increased by 9.70 of clothing.

RICE PRICE DROPS cued 700,000 is establishing Mani-

cent. and single rooms 411 per toba's Arst beet sugar plant,

and the protective proximity of which time there will be no proper cent, terrace houses 18.88 per

The price of rice for the latter Canada's neighbour-their biggest longation of the registration percent. Municipal rates for the Set- part of July disclosed a marked German manufacturer of "period

tlement have gone up from 18 to drop owing to continuous arrivals | furniture now has a Montreal facremaining market.

An announcement published by 27 per cent for extra-Settlement of the cereal from Hongkong and tery.

who headed a State industrial immigration since France the new market in the Central road areas from 16 to 24 per cent other places.. It was stated that silk monopoly in Hungary is manu- drove out the Huguenots in the China Dally News" indicates that land "French Concession from 17 to plans were well under way to 17th century and laid the founda- the registered merchants will be 29 per cent effective from July obtain loans from bankers so that

the market and al- tions of British supremacy in brokers in

large stocks of rice may be order textiles and the great watch and though it is not revealed as to

* Surcharge on electricity has ed. Reduced cost of production has clock Industry of Switzerland.-how the business will be managed been reduced from 188.97 to 170.93 occasioned a satisfachry decrease

in the market. It is presumed that per cent, and electric power for in the price of coal briquettes. as is the case of other such mar-heating from 316.12 to 250.43 per There has also been a welcome kets, the distribution of wine will

cent. The effect has been partially drop in coal prices consequent on be centralized at the market with offset by the increase in the gas seasonal decrease in consumption. 'registered merchants serving as

surcharge which has risen from reduced' demand due to curtalled

Selangor's poultry production may be increased by large scale middlemen.

80 to 158 per cent. effective after production of

incubation similar to the well tried methods of traders in China. industrial goods, July 18.

|improvement in foreign exchange

Possibilities in this direction are being investigated and the & depot Saigon on June 16, 1930, left local that the gulids of sellers of var

authorities are interested in the method employed by rates, continuous importation and

proprietor in Kuala Lumpur who, until the China. war interfered estate to the value of $10.500. Alous kinds of Chinese wine have

In the food group prices of first discharging of hoarded stocks due

seriously with his business, sold chickens in Kuala Lumpur petition for Letters of Adminis- notified their respective members grade bread have risen conséquent to competition.

hatched out of eggs laid by hens in China. tration has been granted to Mr. urging them not to participate in on the shortage of flour while IMPORT RESTRICTIONS

Import restrictions in the These eggs he imported were, the testing of duck eggs may be G. G. N, Tinson, lawful attorney.

the market it being asserted that canned foods showed a slight de- there was no such need.

preciation in price as a result of Malayas, the Dutch East Indies partly incubated in Bwatow, the delayed for a few days more.

All infertile eggs are forthwith Prices of Chinese wine in Shang-improved foreign exchange rates. and military operations in Che commencement of the journey be hai have already jumped recently Vegetable prices were dependent Kiang ports have had the effect of ing so timed in China that the marketed so that financial loss on a day or two the score of Infertility is reduced. prices eggs would hatch In view of the military operations (on seasonal variation, a striking lowering local wholesale

to a minimum. Cheklang which affect the illustration being the case with due to the difficulty of disposing after arrival at Kuala Lumpur.

Incubation In China was for ten About the seventeenth or eight transportation of wine from the tomatoes which in June sold for of local products, but to offset this Salon Nominal famous wine producing district of $1.15 per pound and have now drops the scarcity of products from days, then the eggs were shipped-eenth day of incubation in the Shaoshing. Whether or not the ped to the low summer level of 20 these places and the consequent to Malaya, their further incubation case of hen eggs, and about the new market will help reduce prices cents. Wages for servants also higher prices prevailing for such being carried out out on board twenty-third or twenty-fourth day

have gone up coinciderit with the goods.".

the steamer by a simple method of in the case of duck eggs, the in- increase in the cost of living of

The economic situation showed a conserving heat by use of blankets Cubating eggs are removed from natives.

recession from early last month and special arrangement of the egg the barrels and arranged in rows.

wooden tables with due to the decline in commodity baskets... MARKET. DULL

below blankets spread out both prices. This was further aggravat- The local depression resulted ined later in the month by the clos-days of incubation being carried conserve the heat and at the same and above the eggs in order to The Silver quotations were not the stocks and commodities marketing of Cheklang and Fuxier ports out on land. the depot proprietor time to provide some measure of

remaining dull since May the rea- which had served as gateways to informed Government officials, was was

son for the depression being four-trade with the hinterland. New because the rolling, of the ship fold viz (1), the May crash in spe- tari barriers in North China, the would otherwise, damage the yolks of egg hatcheries. The trade pro- Selangor has already a number The London/New York cross- rate was quoted at 402.1/2. New culation adversely effecting the tightening of import control in in the early stages of incubation duces day-old chicks from Penang

commodities market, (2), over India and increasing difficulty in stocking, (3) the effect of the de- getting raw materials have made velopments among warring nations their effects, felt in virtually every upon local stock and (4), the clos-type of Shanghal industry. No business was reported. There ing of the Burma and Indo-China were sellers at 1/2.31/32 up to No-routes and blockade of Cheklang $8.90vember, buyers at 1/3 for any deand Fukien ports. Wholesale prices remained low in July while retall livery.

prices were not in trend with the "whole market, says the report.

HONGKONG

STOCK EXCHANGE,

Dayer Sellers Bales

$1100!

#215

$345

$150

!!

:

**!!

A

$3:20

$30.

Kh

::

Nominal

SHARE

QUOTATIONS

ASSOCIATION

SHAREBROKERS'

TUESDAY Baju

13 AUG.

Banks

H.K. Banks

Do. (Col. Rag)

Chartered Bank......

28 Mercantile Bks. "A".

Marcantile Rks. "C".

Ballers

$1160 X.D.

£87

ID.

201

£01

Do. (Lon. Beg.).

£81

£87.

11

873

Bank of East Asia......

N. C. & 8. Banks...... Insurances

Canton. InsuTADIGA................

Union Insurancta......

10 cta. Underwriters)

H.K. Fires..........

Shipping

$120 Dopiares

Steamboats

Indo-Chinas (Pref.)...

Indo-Chinas (Def.).....

Shells

.terboats

Docks, Wharves,

$11 $100

$90

32/8

THIS

1863

973

60 ct.

$215

$345

10 cta $150

!!!!!

***

$120

$10

$100

$100

32/0

$8.00

$00

Godowns, etc. H.K. & K. Wharves.

$80

Providents..................

$3.80

.815)

H.K. Docks (Old)......

315

914+

HK Docks (New):....

$20$

tShanghai Docks..............

$144 827+

Mining

10/0

10/0

$9.50 Raabs

to

Kailans

6 cts.leng Kong Mines..

Lands, Hotels and Buildings

$100

H.K. & 8. Fotele.......

11.K. Lands.,

$3.20 2304

Do. 4% Debentures....

$100

83+

H.K. Ranities.

#3.70

87

Humphreys

****

18 90 Shanghai Lands........

$101 Chinese Estates.

Cotton, Mills

$33) Two (8.)

$200. Bhai Cottons (8.)........

Zooag Bings (8.)........

Wing On Textiles (8.) $135

Pablic Utilities

H.K. TramwayI

$7.40 Peak Trams (ald)...........

ོ

In

remains to be seen.

MARKET REPORT

FROM ROZA BROS.

American Silver

received. quoted at 34.3/4 for Spot.

York/London was quoted at 398

+

Dull.

MARKET

STERLING

U.S. DOLLARS

.;

"

be

on

The necessity for the Arst te

CHINESE METHOD *

ventilation.

light

and. Province Wellesley, ducklings "

The Chinese method, which may being imported in shell and due to recommended to Selangor and hatch a day or two.after arrival at Malayan farmers, consists of first the trading depots, while chicks exposing the eggs to the directare imported as actual day-old H.K. MINES LTD., heat of the tropical suri and sub-chicks..

sequently storing them in layers in OUTPUT

Insulated barrels, eggs in various U.S. - SOVIET TRADE Output from the Hongkong different stages of incubation being

AGREEMENT In the Chinese cost of living in-Mines, Ltd.. during Jaly, amounted kept together in each barrel sa dex it was estimated that a lower to 3232 short dry tons of ore treat that the heat generated by the standard in July, involved a cost ed, from which 415.60 dry tons of of living 3.33 times higher than Lead Concentrates were produced, Opened with sellers at 399. for the same period in 1936. The averaging as follows:- Later some business was done at Chinese food index for July show- 402.1/4, 402 and 401.1/2. The ed an increase of 7.54 per cent. market closed with sellers at 401.over the previous month due to 1/2, buyers. at 402.

the prices of vegetables generally

No business was reported. There were sellers at 22.3/10 for near, buyers at 22.1/4 for Cash,

SHANGHAI DOLLARS

SHANGHAI MARKET - Erratic. The highest rate for Sterling was 3.47/64. At the close there were sellers at 3.23/32 for: Spot, US Dollars, the highest The ratë touched was 5.17/32. market closed with sellers at 5.1/2

$35

for Spot,

$200

AFTERNOON MARKET The market was dull in the afternoon.

STERLING

The market closed with sellers at 1/231/32 up to November, buyers at 1/3 for any delivery.

U.S. DOLLARS

$15.60

$16.40

$3.70 Peak Trams (1pW).........-

84

$57

#571

Star Ferries..

$21

Y'ati Ferries.......

821

*#6.35

China Lights (0).... 89.30

$3.30

$3.46

China Lights (New)...

$3,35

"1301

H.K. Electrics (Old)... #36)

7354

K. Klectrics Now)...

8384

#17,

$10

Hero Electrics (New)

Macao Electrics (Old)]

A small transaction was reported at 22.3/16 for near. The market "closed with sellers at 22.1/8 for

near, buyers at 221/4 for Cash,

$11

822

$81.80

$8.30

SHOE CO.LTD.

HONGKONG SUPPLIES ALL

KINDS OF

FOOTWEAR

Lead, 63.62 per cent.

Silver, 15.84 oz. per short ton. Gold, 0.03 oz. per short ton.

Gold, 0.03 per cent, short ton.

MOSCOW, Aug. 13 (Reuter)— older developing embryos serves to The announced estension to Aug provide the necessary warmth for 6, 1941, of the trade agreement those eggs which are only in the between the Soviet Union and the earlier stages of incubation. United States has now been rati- Hen eggs are tested for fertility fled by the Council of People's from 24 hours to three days after Commissars and the President of commencement of incubation, while the United States.

•Hongkong Daily Press

CLASSIFIED ADVERTISEMENTS

相照 藝室

ROYAL STUDIO

Art Photographer

Excellent Enlarging & Developing

39, Queen's Rd. C,

Tels. 21184 & 33008.

SHANGHAI DOLLARS ·

Some business was done at 402. ||~ The market closed with sellers at

402, buyers at 403,

SHANGHAI MARKET

H.K. STOCK EXCHANGE

Opened with sellers at 3.23/32 Enquiries continue to extend and closed with sellers for spot but the volume of business is not

60 oba at 3:45/84. U S. Dollars opened large.

$141 with sellers at 5.1/2 and closed

with sellers at 5.15/32 for Spot.

HONGKONG A

SHAREBROKERS

BUYERS

HK, Banks, $1150.

Union Ins, $345,

Frovidents, $3.50. Hotels, $3.201

$12

$14.60

8143/742

$90)

$100

Sandakan Lights....... Telephones (old)............... Telephones (new)........... B'pore Tractions (Ord.) Industrials

$14.80 Cald., Macg. (Ord.) 8.)

Cald., Maeg. (Pref:)8.)

Canton Ices. di

***Cements

H.K. Hope

HE, Govt. Loans

4% Loan

| 100%.

***

$90

31

(1934)....

135

124

895

31%

(1040).....

Miscellaneous

$18

Dairy Farma.de+rminie.

$103

$6.60 Entertainmetis i

$8.20

$1.80 Constructions (old)........

$1,85

$1

37.46 Lane Crawfords.........

Nanyang Tobacco... $3

Constructions (new)....

on Tuesday, Aug. 13, 1940.

Bank of East Asia

3 $13.00

Cementa

600

14.75

139

28

8/9

-4/0

$1

$2.15 Sincerez

$8.15 Watsons

367. Ch. G.5% 1925G Bds.

Bhai Wing On.................

$206

87.85 China Lights (0)

300

6.50

**

25/0

200

6.50

BALEN

IK. Wing.On

$80HK Flectrics (O)...100

37.00

ST

Vibro- Piling

H.K. Telephones (0) 500 22.00 H.K. Lands

100 31.00

Bank of East Asia, $73, Union Ins., $350,

Lands, $31⠀

Maramane Inv,-(Lon.)

| Maramaus Inv. (HK);

Wn, Powells..................

18ale to Shanghai-

Union Ina,

16 350.00

Electrics (O), 137,

1,7184

ASSOCIATION

Volume of Business Transacied

The total value $33,894.00.

Lands, $30.75. Zaumati Ferries, $21. China Lights (0), $8.40. China Lights (N), $3.35. Electrics (O), $36.75.- Telephones (0), $IL80. Cements, $14.50...

Telephones (O), $22.

Cements, $14.75;

HK Govt 45% LOAN 99.550.

FOR SALE

selection of the best varieties of RELIABLE & TESTED

FLOWER AND VEGETABLE

SEEDS

From

Messrs Battons & Sons, Reading. Messrs. Atlee Burpee & Co., Philadelphia Messrs. Arthur Yates & Co., Ltd. Sydney

The opportunity of serving you will be a pleasure and your. commands will have our best attention,

GRACA & CO.

No. 10 Wyndham Street...

P. 0-Box 620 Bong Kong.

HOTELS...

RUSSIAN CUISINE

MORE POPULAR, EVERY DAY

METROPOLE HOTEL

AUCTIONEERS

GHENIEST COLLECTION OF BARGAINS IN TOWN!

et

LAMÜFETS AUCION BOOM | Esmanory, fr konfrans

od Contd Telephone No 2022)

Jimmy's

TEA DANCES Tuesdays -

Thursdays... Saturdays

Sundays

5 to 7.30 p.m.

ENGRAVERS

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

INSURANCES

•

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