1940-09-21 — Page 11

TH

HONGKONG DAILY PRESS

Finance and Commerce

H.K. STOCK EXCHANGE

Following the weeks' War news,

the market showed a steady un-

→

HONGKONG.

SHAREBROKERS

ASSOCIATION

dertone with "more buyers than A. 8. Watsons

Volume of Business Transacted an Friday, September 20

500 $8.95 1,000 4.40

750 1,000

sellers in evidence. The volume China Providents

was small owing to the difference

In idea of prices with bids im-

proving towards the close.

#!

MONEY AND "

EXCHANGE

CLOSING QUOTATIONS

SEPTEMBER 20, 1940.

f.

4.40 On" London:-

China Lights (New)..

103

BUSINESS DONE DURING THE WEEK

China Lights (Old)... HK... Lands

100

4.45 Telegraphic Transfer. 1/2 7/8 4.05 Bank Bills, on demand 1/2 7/8 7.10

Credits 4 months' sight 1,31/S

100

31.25 On Shanghai:-

H.K. Banks, $1,515, $1,810. Union Ins., $405.

HK. Telephones (0) Macau Electrics

500

24.25

On demand

415

100

17.00 On Singapore

31

On demand

32 3/4

4,153"

On Japan:-

The total value is $34,702.15.

On demand

105

On India:

Telegraphic

Transfer.

tge 1/2

On New York--

Wharves, $92.

Docks (Old), $18.85 $16.80.

Providents, $4.35.

Hotels, $34.

Lands, $303.

Humphreys, $74.

Realdes, $31.

Tramways, $15.80, $15.85, $16, Star Ferries, $80.

China Lights (Old), $7... China Lights (New). $34. $4. Electrics (Old), $374..

Electrics (New), $371, $371, $371. Tels. (Old), $231, $24, $241, $24. Ropes, $51.

Entertainments, $84.

"Govt. 31% Loan (1994) 95,

BUYERS

H.K. Banks. $1,303.

Union Ins., $400.

H.K. Fire Ins., $150.

Providents, $4.35.

Hotels $3.43.

Lands, "$31.

Humphreys, $7.15.

Realties, $3.40.

Trams, $15.80,

Star Ferries, $59.

Yaumati Ferries, $21.50.

China Lights (Old) $7. China Lights" (New), $4. Mectrics (Old), $38.10. Electrics (New); $37:75. Telephones (Old), $24 Telephones_(New). $9.75. Cements, $18. Ropes, $5.50.

Dairy Farms, $18.25. Watsons, $8.80. Entertainments, $8.60.

SELLERS »

Canton Ins., $200.

Hotels, $3.80.

Realties, $3.55.

Trams. -$16.

China Lights (Old), "$7,20.

SALES

Union Ins., $405, Providents, $4.40/45. China Lights (Old), $7.10. China Lights (New), $4.05. Watsonis, $8.95.

and demand......

Bank Bills, on demand 23 1/8 'Credits, 60 days' sight 23

On Batavia:-

On demand

"On Paris:—

..... 41 3/8

"

Bank Bills, on demand 'DES Credits 4 months' sight 1190

.......... 96 1/4

On Saigon:-

On demand

On Manila:-

On demand

On Bangkok:--

On demand

On Sterling Note:-

Bank Buying Rate Bar Silver per oz.

Market Report

44 1/4

149 1/2

... 1/8 1/2.

23 7/13"

FROM ROZA BROS.

Friday, Sept. 20, The price for Ready Bliver was unchanged yesterday but the Forward rate dropped 1/8, the

FINANCE & GENERAL

AIR WAR GIVES R.A.F. BIG MARGIN OVER

NAZI AIR FORCE

THE ONE-YEAR TALLY SHEET OF AIR WAR ACCORDING TO OFFICIAL BRITISH FIGURES, GIVES THE RAF. A WIDE MARGIN IN RESULTS OVER THE LUFTWAFFE AND ITS ITALIAN CON- SORT, and an edge in equipment and training which goes far to compensate a big deficit in numbers, writes Edward Beatle, United Press Staff Correspondent in the Manila Bulletin.

But as the war' enters “Year Two," in which Britain must beat off all attacks and build for the counter-offensive which everyone bellaves will come, there are still no conclusive answers to questions which might decide the" entire conflict, “

British losses are given as follows. as of Aug. 5: 53 over Britain and its coasts, 400 on the western front of which 376. came before the French capi- tulation. 105

CAN GERMANY EFFECTIVELY, bers and fighters in north Africa BLOCKADE THE BRITISH ISLES, and the Mediterranean.? USING HER AIR ARM TO SUP- PLEMENT HER SUBMARINES? Aside from spasmodic dive-bomb- ing attacks on convors, in most

Inconclusive. Cases

and carried through only with costly casualties, there has not yet been any mass offensive against Britain's ~ food and supply ships,

MASS BOMBING

If Germany goes "all out" in an air offensive against Great Bri tain; can the RAF muster enough,

the Island?

OPEN FIGHTING

over Germany

and German waters, 22° over the North Sea, 66 in Scandi- navia, 20 in the Italian" cam- paign, 14 fleet air arm mach- ines in reattered actions and three in unspecified localities -the total is 683.

-Air casualties are the hardest

ces. are

to

SATURDAY, SEPTEMBER 21, 1940. -PAGE 9

EVERYBODY'S

Favourite

SCOTCH that

BLACK & WHITE

ས་

"BLACK & WHITE"

EMERGENCY NURSING SCHEME POSTPONED

Owing to the recent arrival of a batch of nursing sister from Home for the new military hospital at Alexandra, and the anticl- pated arrival of a further contingent-probably the last-the pro- posal to form an Emergency Nursing Service unit for Misleyan European women, will be shelved for the time being, the Malaya Tribune authoritatively learns

Can masg bombing, carried out from nearby bases, and by con- stant waves of bombers, smash the RAF and its inctories on the ground, and create the havoc infigures to check in any war. Dur- land into which France and the ing the height of the offensive in Low Countries were thrown three the west, the Germans had many or four months ago?

timės more planes in the air each day than the Allies, But the above Air raids on England have been figures, according to British sour- intensified since June 18. but

a striking tribute bombings on land in most cases superiority in material and train- have been desultory affairs., de- ing which was all the RAF had voted as much to training and at the start of the war to com- reconnaissance as to destruction pensate for a crushing German of target.

overweight in numbers and a still- limping production program.

DEFIANTS TAKE HEAVY TOLL

Britain had the Spitfire and the planes to dominate the sky ov" Hurricane, almost equal in speed provide for the contingency in the been stationed at the new million- Originally planned in order to, but for the time being would have

respectively to the Me-110 and event of the inability of the Home dollar hospital at Alexandra, Bin- Me-109, and Bring a terrific con- authorities to procure qualified gapore. The two air forces have never centrated burst of 160 shots a nurses for service here, due to the They would be given accommo- HONGKONG"" SHARE QUUTATIONS quotations being 23.7/16 and 23, yet measured themselves in open second from eight machine guns greater need of them in England dation there, food and allowances, fight. In Norway, the RAF war at spaced along the leading edge of now, the Nursing Service Unit will and other privileges would be a hopeless disadvantage because the wing, designed to chew any not be abandoned, however, and granted in accordance with the it had no bases for its short-range aerial target to pieces. Both had fighters.

a big edge in maneuverability over will be "kept in the background" scheme for Home nurses, Balaries

In case of emergency.

would also be on similar lines, In Flanders and France, two German fighters.

So far, the number of women and later three fighter squadrons) Britain also had the power who have been registered on the The London/New York cross.took the whole burden of defense operated, tour-gun turret for its 1st is fifteen, from all over Malaya, rate was quoted at 402/12. New until the front approached close bombers, a savage defensive wea- This figure, though not high, is enough for Hurricanes and Spit pon developed by a firm whose Bres to operate from home bases original experience in such mat against-the-enemy-

ters had been gained from the Can German parachutists and design of revolving summer houses airborne infantry be used effec-for formal English gardens. tively against a nation fully awake squadron of 12 Defiant fighters, for to the dangers of this sort of at-equipped with these turrets, des- tack? They have been used so far troyed 37 Messerschmitta "on its only against weak nations which first flignt because the Germans had waited too long to rearm, and mistook them for forward-firing which were taken completely by Spitares. That was May 29 when the RAF accounted for. 77. Ger- surprise.

mans. June 1 It got 78, its best day.'

STOCK EXCHANGE,

Buyers Bellers

#1330

::.

Hales

Nominal

£72

267

£62

5/16 respectively. Silver advices SHAREBROKERS ASSOCIATION reported Speculators as having sold to a small extent. The market Baldominal was steady but quiet, American Silver was quoted at 34.3/4 for Spot.

FRI AY

Видет

Ballers

20 SEPT.

Banks

H.K. Banks

Do. (Col. Rog.)

Do. (Lon, Reg.)

Chartered Banks .....

Mercantile "Bks. "A

Marcantile Eks. "C".

Bank of East Asia...... $79j

B. Banks..

Canton Insurances...............

፡፡ ፧

York/London was quoted at 404.

-MARKEE.

Steady but quiet.

$1306 £72 £67

Lett

£11

STERLING

50 ct.

$190

There were sellers at 1/3 up December, buyers at 1/3.1/38

$400

any delivery, “

$1

U.S. DOLLARS

$150

$120

57

217

872

N. C.

Insurances

8200

$400

Union Insurances.

$1

Underwriters

$150

HK. Fires........

Shipping

$120

Douglasen

$11

Steamboats

910

100

Indo-Chinas (Prat.)..

880

Indo-Chinas (Def.)...

36/0

Stells

$4.35 81

84.35

15/0

$19

$3.40 £3.55

PAL

$77.18

#71

***

841

36

A small business was reported at 22.5/8 for November delivery. The market closed at lunch time! 8100 with sellers at 22.9/16 for near 8100 and 22.5/8 end of October, buyers 35/0 86.90 probably at 22.5/8 for Cash.

392

84.35

$18.30

$76)

8331

***

15/0

48.16

ཏི; :ཚ;

:::

#3.48 $3.60 $34 831

$8.90 Waterbosta

Docks, Wharves.

Godowns, etc.

$82 H.K. & K. Wharem........

Providesta $16.80 HK. Docks (Old).... $18 H.K. Docks (New).. $35

+Shanghai Docks..

Mining

Kailan

$9.65 Racha........

1ete, Hong Kong Mines...

Lands. Hotels and

Buildings

H.K. & S.. Hotels....... FIK. Landa............... $301

$160 Do. 4% Debentures....

Shanghai Landa..........................

H.K, Realties.

Humphreys ..........

$301 Chinese Estaten..

Cotton Mills

Ewo (9.).

8182 S'hai Cottons (8.)....1

Zoong Sings (8.).................)

Wing On Textiles (8.))

Public Utilities

H.K. Tramways..

$7.40 Pank Trams (old).....

$3.70 Peak Trams (new)....

Star Ferries... Y'nati. Ferries,

China Lights (0).....

$6.90

China Lights (New)... $3.90

H. K. Electrics (Old)...

H.K. Electrics(New)...

Macao Electrics (Old)| Macao Electrics (New) Sandakan Lights.................... Telephones fold)- Telephones (new)................. S'pore Tractions (Ord.) Industrials $14.00 Cild,, Maeg. -(Ord.) 9.| $12

Cald, Macg Prof.).

Canton Ice

Cements...... H.K. Ropes

IK Govt Loans

89944% Loan $96 34 - (1934)...

$96

"

$15.80 $16

*318

વાત તો

8374

$17.

816

| 011

$38.10

#371

$18

$6.80

Constructions (new)...

$3.60 $3

$100

.:

::

::

50 ot.

(100%

$35

:.

03

$310

$125

$10.85

$4

$60

$22

$38

$37

A

The test will furnish the answer to these questions, but the RAF

Between Junie 18, the beginning thinks it knows it now, Attacks of intensified raids, and Aug. 5. on convoys, unless given strong the RAF and antiaircaft destroyed SHANGHAI DOLLARS

fighter protection against Opened with sellers at 426.1/2 murderous eight-gun barrage of

the 307 raiders, losing 172 on defensive with business done at 427.1/2 and Hurricanes

and offensive combined. and Spitfires, is 427.3/4 The market closed at suicidal-and no fighter operating lunch time with sellers at 427.1/4 from the European mainland can SHANGHAI MARKET reach the present North Atlantic Steady. There were sellers of convoy lanes. Sterling for Spot at 3.1/2 and U." 9. Dollars at 5.9/32,

AFTERNOON MARKET

Quiet.

STERLING

The market closed with sellers. at 1/3 up to December, buyers at 1/3.1/32 for any delivery.

U S. DOLLARS

The market closed with sellers

Plane production, after slow start and frequently spasmodic development,

running in high gear. Ship- ments from America are in- creasing each month.

BRITAIN IS COMPACT Britain is a compact unit where the RAF can fight in its own alr and concentrate its forces or spread them out at a moment's

at 22.0/16 for near and 22.5/8 end notice. The antiaircraft and bal-

of October, buyera at 22.5/8 for Cash.

SHANGHAI DOLLARS Closed with sellers at 428....

SHANGHAI MARKET Sterling sellers at 351/53 US. Dollars at 5.1/4.

Shanghai Exchange

yoon barrage defenses, compara- tively, feeble twelve months ago,"

nevertheless considered satisfac-.

tory and adequate, so that the for- mation of the unit was only a mat- ter of time and formality, when these nurses from Home arrived,

1

Optimistic Reports From American Officers

NEW YORK, Sept: 20 (Reuter)... -Reports from American Army With their arrival, it is now officers abroad are definitely more found that the present num- optimistic about British powers of ber of nurses for the military. resistance than they were Six hospitals is quite sufficient

weeks ago, said Mr. Stimson Se "under present conditions.”

cretary for War, at a press READY FOR EMERGENCIES

conference yesterday, accord- Emergencies may arise, however, ing to the Washington corres- It is pointed out, and this registra-pondent of the Dow Jones Agency. tion of those wanting to do nurs-' Mr. Stimson said that he had ing will prove of value.

read these reports carefully and According to original plans, these they did not differ radically from volunteer nurses would be liable accounts published in the news- for service in any part of Malaya, papers.

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 AFARTMENTS WANTED. . MISCELLANEOUS WANTE Announcements not exceeding 25 Words are inserted under this heading at a Pre-paid Rate of $1.50 for THREE INSERTIONS. If Charges collected, 82.00.

WANTED KNOWN

ORDERS TAKEN for hand-made have been constantly tightened. sweaters, Ladies Jumpers, Bables It's hard to find a field in England outfits, etc., at $5.00 each for now where a plane could get an workmanship. uninterrupted run for a surprise

Wool and model desired, to be and landing, or a section where armed supplied by customer.

men don't watch for parachutists

in 24-hour relays. ›

Bend particulars of address, etc., to Bax 502, HKDP.

Finally, the RAF did manage to dominate Dunkirk and the chan- That "WE have an outstand- Official T.T. Bates

nel during large parts of the des- ing assortment of latest American Opening perate Dunkirk evacuation. It can dresses for all occasions and price Shanghai, Sept. 20 (Reuter). put up a strong show here against to suit all purses. Call at "Vanity

9/3-2/8--all comers. And the figures for the Shop" (Lazarus) Pedder Street. 6-1/16 past year are tribute to its effec- 21-1/2 tiveness; numerical Inferiority or 18-3/4N

ino. 22-3/8

London

401

New York

Japan"

India Hongkong

Spot

Sept.

Sterling

Sellers

Opening Closing 0/3-1/2 0/3-1/2 0/3-1/30/8-1/2" 0/3-31/84 0/3-31/64 U.S. Dollars

$5-9/32 $5-9/32 Bept....... 5-8/32 5-9/32

5-1/4

8-1/4

31%

(1940).... Miscellaneous' Dairy Farms. $184 Entertainmenta

Oct.

BIPL

$6.60

apot

$1.80 Constructions, (old)...

$1.85

Oct.

$7.45 Lane Crawfords......

$7.

Nanyang Tobacch.....

$2.15 SinceTOS

Baj $9.20

Market:-Quiet.

ww

88.80

Watsons

$8.50

$9

€19.95

35%

Ch. G.5% 1925G $Bda.

839

H.K. Wing On

$39

Bhai Wing On

$14)

TT. on Japan, 81-1/4.

Vibro Piling

Marsmans Lav" (Lon.)

4/4 Maramana Inv. (B.K.)

m, Powalls...

tela to Shanghai

$1

Calentts Exchance

Calcutta, Sep 19 (Reuter).

India Rupee Paper

Bombay, Sept. 10 (Reuter), Govt. 31% Bupée, 90-01-03

According to official British statistics, enemy planes, losses confirmed amount to 3,069 'ss of Aug. 5, exclusive of the Polish campaign and of many probable planes shot down.

There is only one reserva- tion; losses for the western front from Sept, 3 to the capl" tulation of France are given as 2,380, which includes several hundred “reported by the French which the RAF cannotő check

683 RAF PLANES LOST

Experienced Book-keeper Wants Students to form a class. Guaran~ 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. 483 c/o HKDP:

WANTED TO BUY

HOTELS

RUSSIAN CUISINE

MORE POPULAR EVERY DAY:

METROPOLE HOTEL

FOR SALE

"För Sale Fifty sets of Jubilee and Coronation Stamps 1st day Cover. "What offer?""""Pieme apply“ No. 485 c/o The HKDP

FOR SALE

A selection of the best varieties of

RELIABLE & TESTED

* FLOWER AND VEGETABLE

SEEDS

From

WE OFFER HIGH" PRICES for any amount of gold articles, Messrs Buttons & Sons, Reading diamonds, fades, etc. No holidays, Messrs. Atlee Burpee & Co... Apply China Building, 7th floor.

Philadelphia

Tel. 30727. Eurasia Gold Refining Messrs. Arthur Yates & Co., Lidg Co

We pay high prices for all Gold &r Bilver articles, Diamonds, Jade,

A total of 336 have been shot and Gold dust. Apply China Gold down over, Britain, and its coast, Redning Co., Pedder Building. 2nd 43 over. Germany “and German | floor, Room 6. waters, 18 over the North Bea, 65

Wanted to Buy 2nd Hand Type- the feet alr arm or ship-borne writer in Good Condition. Jantiairera:

in Scandinav 80 by aircraft of

and 139 Italian bom- apply to Box No. 464

HKDF

Please

THE

Bydney

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

GRACA & CO.

No. 10 Wyndham Street 10. Bay Tour Lon

TEA DANCES Tuesdays

Thursdays

Saturdays Sundays

5 to 7.30 p.m.

ENGRAVERS

FEI FEI & CO. Photo Engravers 18, Cochrane Street, Telephone No. 22234,

AUCTIONKEES

GREATEST DRILLER FION OF

PARO MINS IN TOWN?

LYAIMFET-

| Santues Br

Jinny's