1940-09-14 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

MONEY AND EXCHANGE

CLOSING QUOTATIONS

SEPTEMBER 13, 1940.

On London:

Telegraphie Transfer. 121/ Bank Bills, on demand yats Credits 4 months' sight: 31/9

On Shanghai:—

On demand ".

On Singapore:-

On demand

On Japan:----

On demand

On India:-

HONGKONG SHARE - QUOTATIONS

STOCK EXCHANGE,

и

Bayose Bellors... Sale

Nominal

81300

SHARYBROKERS' ASSOCIATION"

FRIDAY

13 SEPT.

Banks

H.K. Banks_........

£78

Do. (Col. Reg.)

£67

Do. (Lob. Reg.)

Chartered Banka.......

297

Mercantile Bks. “A”.

£112/10

***

872

******* 415

32 3/4

$188

+

105

$400

$405

10 cta

$150

13

Mercantile Bkɔ, "C", Bank of East Asia....... N. C. & 8. Banks...... Insurances

Canton Insurances...... Union Insurancez....... Underwriters.......... H.K. Fire....... Shipping

Buyer Bolieru Balon

rain

!!!!!

$200 8405

5 cta.

ל

$1308

£72

£67

£6

1963

...£11 (1/16

#

:::

$79

50 ot.

$150

$190

$100

FINANCE & GENERAL

U.S. PUBLISHER THINKS FILIPINOS NOW ENJOY REAL INDEPENDENCE

In world dominated by brate force, “Roy W: Howard, one of America's leading newspaper publishers, finds it "difficult to envision any situation developing, in this immediate era at least, whereby the Filipinos could assure themselves as full a mea- sure of personal and political independence as they enjoy to- day," writes A L Valencia in the Manila Bulletin.

Frankly puzzled as

to

what is being planned here

as to the future, he has come to feel the pulse of the Filipinos and ste exactly what they have in mind.

The head of the Scripps-Howard {{s" based on the prevailing sent)- chain of newspapers. sald he hopes ment here. to have a conference' with Pre-

“Speaking "very frankly, it is dif- sident Quezon in whom he has ficult for me or any other Amerl- "iremendous faith." President can at home to understand or pro- Quezon arrived in Manila at 1perly evaluate some of the moves am, having cut short his inspect ion trip to Mindanao in order to meet the distinguished visitor.

Mr. Howard arrived at Manila aboard the California Clipper from Hongkong. He Is with the party of $100

American newsmen who have 130/1

$8.00 beer. inspecting the defenses of the British dominions in the South Seas and Sagapore 'and the Dutch possessions in the, Far East.

400

18,30 $351

13/0

སi:ཎྱ

*#401 $210

$135

$9.85

150 cts.

$18 #51

+A

$95

$18.40

FIVE YEARS AGO Howard created a sensation Ave years ago when, on Dec. 10, 1935,

after

the less than month

a launching of the Commonwealth government, he issued a statement published simultaneously in

and

DS

here, dincult to understand ex actly what is being planned here as to the future.

SATURDAY, SEPTEMBER

14, 1940-PAGE 9

"I still think that to a very considerable extent the Philip- pines, their interest and their future, are the focal point and denter of American interest. And to the extent that it can be done so, I think it reaJON" able to believe that any course of action-pursued by the „ based on considerations for United States will be largely the Philippines." No attitude taken by the Ameri-Japanese, ' " can people will ever be one that Is without the support of the Filf

themselves, pines.

Eoward BS-

BLACK&WHITE

MATURITY WITH "PURITY

NO TWO WAYS ABOUT IT, IT'S THE SCOTCH.

they Interpret as 'Asia for the

THE SOUTH SEAS-

"Pre

generation," adding that sident Roosevelt will be given. great credit for it in history." However, he said he was a little.. going to be closed by the Presi- bit surprised that the deal, was

dent himself.

Speaking of the situation in the Manila and in the United States, serted. The day has long since Seas and the Far East and in the British dominions in the South that "the Filipino dream of in-

passed when anyone in the United Dutch East Indies, Howard sald dependence, is fading fast,"

States would seek, to impose his

that he is convinced that "if any that on every side there is evi-views on what is right for the thing happens they will make a constitutional provision for ap

"My own inclination is that the dence aplenty that the Fulpine Philippines, he pointed out.

real stand." He reinforced the proval of treaties by congress 19 opinion of the American newsmen (a sound one, and I am presuming · that these countries are deter that there

for is justification mined to "fight if attacked." doing it by executive action. Per- The most forceful "impression heonally I hate to see a precedent established for any executive tak- gained on this trip, Howard stated,

ing over the function given to Is that the Dutch are very de-

do things. All congress in regard to treaties, as finitely set to

I have been consistently opposed through the time he spent in the

to undue concentration of power NEI, he found the islands "going in the hands of ene man." about the matter of defense with well-known Dutch and efficiency."

republic as contemplated by the

ON INDEPENDENCE Tydings-McDuffie Law, and

He refused to commit himself demanded by political leaders from Aguinaldo to Quezon, is destined on the question of independence because "I don't-think-any-opin- never to materialize."""

Howard attended the Common-ion of mine or of any other person wealth inauguration on Nov. 15.no: a Fülpino can. or should carry any weight if it runs contrary to 1935, und traveled extensively

the interests and destres of the throughout the Philippines, talk- Filipinos themselves." Ing to people of all classes in order to get a cross-section of Filipino opinion. He released the statements that when the Filipinios soon after leaving the Islands to return to the United States.

HARD TO UNDERSTAND "Undoubtedly there have been many fluctuations in the Filipino point of view since I was here." he said. "One of the reasons I am here again is that as an American editor I want to be certain that any opinion which I may express

HONGKONG

SHAREBROKERS

ASSOCIATION

Volume of Business Transacted

on Friday, Sept. 13, 1940,

$8.65China Lights (0) $1.85

H.K. Electrics (0)

"The one thing that I am most certain of," he declared,

have made up their own mind if they have already made it up or they re-form it on some other Hues in the future

Is that consideration of their desires will be the controlling factor in anything that can. properly be termed the Ameri=" san point of view,”

thoroughness

Asked about his reported dis- agreement with President Roose- velt, Howard laughed and dis- missed the question with the re- mark that, with all the important things engaging the attention of the public "any · differences · of opinion between the President and Back in 1935, Howard said that myself would not be worth the Japan's dark shadow over the value of the newsprint" Philippines has resulted in “a ̧na- tional

political metamorphosis,"

SURPRISED' AT FÜR

CHINA WILL HOLD

Asked about the situation in China, Howard said that in his oplalon the Chinese "can hold out` Indefinitely.” He had a two-hour talk with Chiang Kai-shek, and he found the Chinese_generalissimo “never more confident than he is to- day of ultimate victory."

The Chinese people, he said, do not want the war to spread but they feel that if Japan goes into

and "security for liberties already He said that the United States French Indo-China, It will result. achieved has supplanted the ua- move, to tranfer 50 over-age des- In thinning the Japanese lines erstandable yearning for national troyers to Great Britain in return thereby lessening their strength. independence."

for naval and air bases on British The closing of the Burma road was

This security, he added, will be possessions in the western hemis- definite drawback, but China is sought first under the American phere has "given a very definite getting more supplies from Russia fag. for Filipinos want none of it to the situation out here. He and the Chinese have more re- 500 $5.90 Japan's doctrine of Asia for the characterized the "deal" as "one serves than are apparent, he

37.50 Astatics., which, like the Chinese, of the great moves of the last pointed out.

100

Telegraphic Transfer.

fer: J82 1/2

and demand

On New York:-

Bank Bills, on demand 22×1/1 Credits, 50 days'"sight 23 178

On Batavia:-

On demand .........

$120 DouglaseE

811

Steamboanta

10

$100

Indo-Chiass (Pret.)...

$80

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

፡፡

.... 41 5/8

On Paris:-----

Bank Bills, on demand or Credits 4 months' sight #160

381

84.15

On Saigon:-

$16

On demand ............... 96 3.4

161

Os Manila:-

#35

36/10 Bhells

$6.90 Waterboats

Docks, Wharves,

Godowns, etc.

H.K. & K. Wharves... Providenta

$4.00

H.K. Docki (Old)..... 81eh $16.85

H.K. Docks (New)...........]

+Shanghai Docks.......

*M

On demand

41 1/2

Mining

On Bangkok:-

15/0

Kailang

On demand

1401 1/2

$9.65 Raube

$8.15

Or Sterling Notes:-"

Bank Buying Rate

1 5 1/3

23 7/10

$3.55

$301

$3,45

"

$7

Har Silver per oz

Market Report

FROM ROZA. BROS.

Friday, Sept. 13.

The price for Ready Silver Was unchanged yesterday but the For- ward rate dropped 1/18, the quo- tations being 23.7/18 and 23.3/8 respectively. Biver advices re- ported the market as being

!!!

$182

qulet with a small business done. $15,65 $15.00 $15.80) American Silver was

101 Chinese Estates.

841

Cotton Mills

Ewo (8.).........

S'hai Cottons (8.)....

Zoong Sins (8.).......

*

Wing On Textiles (5.)

Public Utilities

H.K. Tramwa7$.................... $15.50) #15,85| $7.40 Peak Trams (old)

1 ate., Hong Kong Mines......)

Lands. Hotels and Buildings

H.K. & S. Eotals........

$3.65

#304

A.K. "Lands...|

$30

$100

Do. 4% Debentures.....

$100

$18

Shanghai Lands.......... H.K. Realties.

$3.65

Humphreys ....

quoted

at

34.3/4 for Spot.

$3.70 Peak Trams (0)

84

The London-New York cross- rate was quoted at 402.1/2. New York/London was quoted at 403.

$50

$60

Star Ferries.......

$211

Y'mati Ferries.....

8214

China Lights (0)......

$4

China Lights (New)...

1/2.

$37.65

H. K. Electrics (Old),

$37.63

MARKET

$37

H. K. ectrica( New).......

$7 34

$37.

Dull.

STERLING

No business was reported. There -were--sellers—at 1/2.31/32 up to 80}

November buyers at 1/3 for any delivery.

U.S. DOLLARB

A small business was done dur- ing the course of the morning at 22.9/16 for near delivery.

The market closed at 1 pm, with sell- -ers at 22.1/3 for near and for- ward, buyers at 229/16 for Cash and probably for forward de- livery.

SHANGHAI DOLLARS Some business was done during the course of the morning at 423:1/4 and also" 424. The market closed at lunch time with sellers at 423, buyers at 423.3/4.

SHANGHAI MARKET

Quiet There Were sellers of Sterling at 3.17/32 for Spot. and US Dollars at 5.9/32 for Spot.

AFTERNOON MARKET

Quiet for Sterling but "the U.S. Dolar market was easter;

STERLING

**

817 $16

324

$12

91

$16.00

Cements

#51

H.K. Bopes

8004 14% Loan

$95 191%

(1934).

$95

(31%

(1940).

$18,35

$61

Miscellaneous

Dairy Farms..

Entertainments

$1.60 Constructions (old)...

81

| Constructions (new).....

$7.45. Lane Crawfords.

Nanyang Tobacco.......

82.15 Sinceres

Watsons

35. Ch. G.5% 10250$Bds.

Macna Electrics (Old)] Macao Electrice (Now) 11-Sandakan Lights........ Telephones (old).................... Telophones (now)*** S'pore Tractions (Ord.) Industrials

814.80 Cald., Macg. (Ord.) SI Cald., Macg. (Pref.)S.

Canton Icra..

HK, Govt. Louis

$243

H

*ji

100%

!!!

$2.20

$8.80

$39

I.K. Wing On

THE

S'hai Wing On

28

Vibro Piling..

8/9

4/0

Marsmans Inv. (Loo,)

Macemans Inv. (H.K.)]

Wm. Powell.

Sain to Shanghai

100 37.50

200 37,50

200 37.50

No business was reported. The

market closed 'with sellers at 1/2.

31/32 up to November, buyers at U.S. EMBARGO ON

1/3 for any delivery."

U.S. DOLLARS

WAR MATERIALS

บ

H.K. STOCK EXCHANGE

H.K. Electrica) (N) 35HK. Lands $39 $14 H.K. Telephones

HK. Realties

20 37.25 100 30.75

23.00 (0) 200

500 350

been a fickleness

Business was done at 22.9/16 WASHINGTON, Sept. 13 (Reu- November and also 22.1/2 for ter)-Many unconfirmable reports There has Cast Towards the close 227/16 are current that a further exten-about the market this week which was also done for Cash. The marsion of United States embargoes presents much difficulty of ex- ket closed with sellers at 227/16 agamst export of war materials planation. It was noted last week for near and forward, buyers at is inevitable shortly. 22.1/2 for Cash.

SHANGHAI DOLLARS Business was done at 421 · and 420. The market closed wish sellers at 419, buyers probably at

420.

LONDON STOCK EXCHANGE

the War news was not discourag- ing, and further news of a like nature to that already received would have a stimulating effect. On the resumption of business LONDON. Sept. 13 (Reuter) after last week end prices gon- The Stock Exchange market de-tinued to strengthen until the eve SHANGHAI MARKET

rived great encouragement from of Mr. Churchill's promised state- Opened this afternoon with sellers of Sterling at 3.35/64. but the result of Wednesday night's ment-11th inst. which unclosed an closed firm with sellers at 3.37/64. air activity and consequently the air of nervousness. The actual tone continued fully steady despite statement itself produced an un- UB. Dollars opened this after-

*—warranted scars.-Becond thoughts noon with sellers at 5:0/32 and the quietness of business closed steadler with sellers ̈ati

Industrials were occasionally have tended to dissipate this scare, 5.5/16 for Spot.

better but (Triplex Glass dropped the keener observers realise Mr. from 189, 6d. to 11s. 3d, on the church statement included. a year's dividend of five per cent. timely reminder that there must compared with 20 per cent of the be no relaxation in the Empire's previous year. Oils and other vigilance. The market closes in a `groups were generally maintained. two way mood, there being healt

Wall Street was narrowly cant demands for certain stocks regular.

whilst others are being marked down. The Dairy Farm has de- clared an interim ́ dividend of .50 cts, the same, payable 25th inst

BUSINESS DONE DURING THE WEEK.

Shanghai Exchange

Shanghai, Sept. 13 (Reuter).

Official T.T. Rates

Opening 0/3-3/8 5

London

New York

Japan

India Hongkong

Spot Sept.

Oct

Spot

Sept.

21-1/4

18-5/8

22-3/8

Sterling

***Sellers Opening Closing 0/3-17/32 0/3-37/64 0/3-17/32 0/3-37/64 0/3433/64 0/3-9/16. U.S. Dollars

$5-9/32 $5-5/18 5-9/32 5-5/16 5-9/32

Oct....... 5-1/4 Market Sterling Dollars quiet.

steady. . 18.

LONDON GOLD

London, Sept, 12 (Reuter). Bar Gold, Fine per oz., 188/-

Calcutta Exchange

Calcutta, Sept. 12. (Reuter). TT. on Japan, 81-1/4.

India Rupee

Pee Paper

Bombay, Sept. 12 (Reuter). Govt, 34% Rupee, 90-01-0,

HK Banks, $1290, $1200, $1305. Union Ins., $377), 5402, HK Fire Ins., $150. ́.. Docks (0), $16.60, $18.90. Providents, $4), $4,35, Hotela, $9.65, $3.80.-- Lands, $30), $302" Humphreys, $76. Realties, $3.80, $3.857

Star Ferries

500 3.50 100 60.00

150 60.00 Canton Ins ..... 300 190.00 Union Ins

22 403,00

2,622

1

The total value is $61,480,00.

Tramways, $16, $15.95, $15.80.

$15.85, $15.80.

PRE-PAID ADVERTISEMENTS.

The following classes of advertisements are charged at the price given below --- SITUATIONS VACANT..

HOUSES AND APARTMENTS TO BE LET- HOUSES AND APARTMENTS WANTED.

MISCELLANEOUS WANTS.

Announcements not exceeding 26 Words are inserted under this heading at a Fre-paid Rate of $1.50, for THREE INSERTIONS. If Charges collected, $2.00.

WANTED KNOWN

Experienced Book-keeper. Wants

China Lights (0), $7, 57.05, $1.17. Studenta to form a class. Guaran

$7.20, $7.

China Lights» (N), 34.10, 34. Electrics (0), $384. Cum, div. Electrics X.D. 3371, $37.85. Electrics (N), $374. Telephones (0), $241, Telephones (N), $10. Cements, $1640, $16). Ropes, $34. Dairy Farms, $181. Watsons, $0.

Entertainments. tij.

tee students to keep a whole set of books after completion of a course of 6 months. For Term and Par- ticulars. Please Apply to:-Box No. 463 c/o HKDP.

WANTED TO BUY

ROTELA

RUSSIAN CUISINE

MORE POPULAR EVERY DAY

METROPOLE HOTEL

FOR SALE

For Sale Fifty sets of Jubilee and WE OFFER HIGH PRICES for any amount of gold articles, Coronation Stamps lat "day Cover. diamonds Jades, etc. No holidays. What offer? Please apply to Box Apply China Building, 7th flour. No. 455 C/o Thể HRDF. Govt. 31 per cent, oan (1834) Tel. 30727. Eurasia Gold Refining

RK Mines, 11. cts.

95.

Shanghai Cottons. 8.3182

BUYERS

H.K. Banks. $1300,

Wharves, $91. Lands, $30.25. Humphreys, $7. Trams, $15.65.

SELLERS

HK. Mines. 1 cts. Trams, $15,90,000 China Lights (0), 57, --- Telephones" (0), "$23,50,... Cements, $16: Dairy Farms, 818.25. Watsons, 20

SALES

HK. Banta, $1318- Union Ins., $408;

Co.

We pay high prices for all Gold

& Silver articles, Diamonds, Jade and Gold dust. Apply China Gold Refining Co., Redder Building, 2nd floor, 'Room 6.

FOR SALE

A sélection of the beat varieties of TESTED

RELIABLE

FLOWER AND VEGETABLE -

SEEDS

From

Messrs. Buttons & Sons, Beading. Messrs. Atles Burpee & Co.

Philadelphia'

Wanted to Buy 2nd Hand Type- writer in Good Condition. Please Messrs. Arthur Yates & Co., Ltd, apply to Box No. 464 c/o The HXDP.

Lands, $30,75.

Realties, $3.50.

China Lights (0), $6.65. Electrics (0), 337:50, Mectrics (N); $37.25. Entertainmenté $6.50.

Bydney

"Ths' opportunity of serving, you will be a pleasure and your commanda will have our best attention.

GRACA & CO.

No. 10 Wyrdhain Street, „P. O. Box 420 Hong Kong.

TEA DANCES Tuesdays

Thursdays

Saturdays Sundays

5 to 7.30 p.m.

*ENGRAVERS

FEI FEI & CO. Photo Engravers

"-18," Cochrane Street,

Telephone No. 22224.

ABOTION

GREYFEST LOLLE CLON D)! BARGAINS IN LONNI

LAMMERTS ALOTAN ROU M Handray fo

Telsim No 2023

AT

Jimmy's