1940-09-27 — Page 9

HONGKONG DAILY PRESS

American Purchases From Malaya Help Empire's War Efforts

SINGAPORE, Sept. 17-Heavy United States purchases of tin and rubber to build up emergency reserves of these two essential commodities have, brought about close to capacity production in Malaya's two chief industries, thus indirectly, speeding up Malaya's efforts as a leading front-line unit in the empire's economic war against Nazi Germany.

FINANCE & GENERAL

Finance and Commerce

H.K. STOCK

EXCHANGE

Today's activity was centred in Ropes with a good volume of bust- ness done and prices matched at In addition to supplying Britain a machine resembling a huge egg from $5 to $8.10 with further en- with needed tin and rubber, in- beater and then run into moulds. quiries at $6.10. A small turnover "creased Malayan sales of these Foamed rubber on a warplane's was recorded in Dairies at $181

Anglo-American Economic Pressure Against Japan

TOKYO, Sept. 26 (Reuter)

Anglo-American

FRIDAY, SEPTEMBER 27, 1940. -PAGE 9

SAY

Gordon's

...and know what you're drinking/

GORDONS

DRYGIN

DISTILLERY, LONDON.

pres-

economic sure against Japan in an effort to block Japan's southward progress is seen by the Tokyo Nichi Nichi as fast taking form,

The leading Tokyo daily cites: as evidence of the growing Anglo-

ern Pacific and elsewhere,

commodities to the United States petrol tank gives protection again-X.D. Providents at 54 and Unions French co-operation in the South MARKET REPORT

has provided the British war chest st machine gun bullets,

with American dollars to purchase United States warplanes on the "cash and carry" basis.

"DOLLAR ARSENAL" Malaya has often been referred to as the empire's "dollar arsenal" because her sales of rubber and tin to the United States, far in excess of her imports of American goods, provide an excellent cash balance in the form of U. S. cur- reacy, made available to Great Britain under the exchange con- troi regulations.

When at $405,"

a bullet hits the tank the leaking petrol sets the rubber, swelling al- most immediately and seals up the These self-sealing bullet hole. petrol tanks not only enable the machine-gunned plane to stay in the air but also reduces the risk of fire.

Other wartime 11.505 of rubber includes de-icing de- vices on planes, rubber ding- bles for aircraft, barrage. bal- loons, gas masks, and hospita} appliances.

With rubber production from Acting Qovernor--SV Jones

the Netherlands East Indies sub- recently acknowledged the vital

ject to control similar to that in role this area plays in the em-

British ccuntries, the world's he pire's war effort when told rubber and tin workers that their supplies of plantation rubber are Job was as important for an in allled hands, with the excep eventual British victory 13 wasion of the Firestone and Ford the work of Britons in the home planations in Liberia and Brazil. munitions and aircräft "factories.

Synthetic rubber is being pro- duced on. a comparatively large SALES BRING PROSPERITY

scale in Germany, but experts Although statistics for 1940 indi- believe that the

cost makes it 'cate a considerable expansion of prohibitive except for very essen- then it trade with America, these are not al purposes, and even as yet complete. In 1839, however, is not always suitable, ocean shipments of Malayan pro-

without normal In 11

year, duce and re-exports of imported attention to war reserves Ger- rubber to the United States to-

them Italy between many and talled nearly 300,000 tons out of

nearly 100,000 tons needed exparts totalling $55,000 tons. Ship rubber. Wartime requirements are ments of tin to America last year probably considerably higher.

BUYERS

Star Ferries, $59. China Lights (0) $8.95. Electrics (0), $38,50, Ropes, $8.10. Entertainments, $6.60.

SELLERS

Trams, $16. China Lights (0), $7.15. Telephones. (0), $24.50,

SALES

Valon Ins... $405, Providents, $4.50. (Trams, $15.95. Flectrics (1, 398.50- Ropes, $51/53/6/6.10. Dairy Farms, $18.25 X.D.

HONGKONG.

SHAREBROKERS

ASSOCIATION Volume of Business Transacted on Thursday, Sept. 26, 1940. SALES China Providents ... 500 1,000 H.K. Rope's

500

Thursday, Sept. 28. Firstly, the French possession of New Caledonia, an important source

FROM ROZA BROS. of the supply of nickel to Japan, Silver prices were unchanged has joined Britain by bledging yesterday, the quotations remain- allegiance to General de Gaulle. ing at 23.7/18 for Ready and 23.3/8 while Australia is endeavouring to tor Forward, Silver advices re- cause New Hebrides. Tahiti, Morea ported. a steady market with a to follow New Caledonia's example. small business done. American Secondly, Britain is hampering Silver was quoted at 34.3/4 for the operations of Japanese

mer-Spot. chantmen in the Indian Ocean The London /New York cross- and African coasts by refusing rate was quoted at 402.1/2, New quantities of water, food, fuel York/London was quoted at 405.

MARKET

and supplies, while it is reported that Britain is planning the draw- Ling up of a black-ist of ships

which will be denied and,

navicerts.

Steady but quiet.

“STERLING-

No business was reported. There Thirdly, Australia, which an- were sellers at 1/2.31/32 up to nounced "the appointment of the December, buyers at 1/9 for any first Minister to Japan on August delivery." 18. has been refusing permission for shipments of wool to Japan

A small business was done at since July.. ".

22.13/16 for the end of October. The French island of Oceanta The market closed at 1 p.m. with the Michl Nichl points out, form sellers at 22.13/18 for near and

'U. S. DOLLARS

Ideal stepping stones for the **probably 22.7/8 November, buyer Lenslor of a chain of Americat 22.7/8 for Cash..

Hawaii to

$ 4.50 naval air-hases from

6.50 Australia which permits America 5.60 to gain dominance of the South

Pacific, thereby preparing for possible rush toward the Nether land East Indies.

of

2,000

The total value is $10,550.00.

amounted to 56.800 tons out of Germany's production of synthetic HONGKONG SHARE QUOTATIONS

exceeding purchases by more than U. S. $12,000,000 each month.

total shipments from Malaya of rubber at the outbreak of war 86,000 tons. In terms of U. S. dol- lars. this meant sales to America was only about 30,000 tons

year, leaving a deficit of $70,000

xycri tons at least. A second plant is believed to have begun operation but to build suficient synthetic rubber plants to turn out 70,000 of millions Would cost tona pounds sterling and take several

Although the Dutch East Indies' supply much rubber and tin for the United States, a large, proportion of the total Singapore passes through which is the largest transship- ment center for the Malay- sian region,

years

The increased wartime demand SHANGHAI RICE

for tin and rubber has produced

a wave of prosperity in Malaya.:

SITUATION HAS IMPROVED

*

SHANGHAI DOLLARS Opened with sellers at 427 with business done at 427, Subsequently the rate-receded to 422. Towards 1 p.m. there were probable sellers at 424 for Spot.

I

NO COLOURING MATTER

NO INJURIOUS INGREDIENTS

CLIPPER

FLIGHTS MAY BE STEPPED UP, SAYS P.A.A. CHAIRMAN

Mr. Cornelius Vanderbilt Whitney, chairman of the board of Pan American Airways, told newsmen in Manila recently that "perhaps within a year" flying time between Manila and San Francisco will be cut one day. At present the clippers travel the distance in five and a half days

a question as to whether Pan Mr. Whitney said that plans are already being made to eliminate American would go ahead with its SHANGHAI MARKET

an airport Midway as a stopping point. This original plan to build Opened with sellers of Sterling tiny mid-pacific base is between in Manila. He said that the PAA- at 3.1/2 but closed armer with Wake and Honolulu, The shorten-base at Cavite has always been sellers at 3.17/32 US Dollars ed schedule will be possible when considered by his company as " opened with sellers at 5.5/16 and Fan America's new fleet of Boeing temporary affair," but refused anic cigsed with sellers at 5.3/8 for clippers is available for use on further comment.

Spot. Steady.

ASSOCIATION

A

STOCK EXCHANGE,

Sear

Yrminat

SHAR BROKERS"

THURS AY Buyer Baliars

.26 SEPT

Banks

$1305 FLX, Banks

£71"

£07

Do. (Lon. Reg.)

20 9/18

27

Marcantile Bks. "A".

Mercantile „Eka. "C"

$79

N. C. & S. Banks.....

Tin and rubber producing com- pantes have declared large interim dividends and there have been "boomlets" on the stock markets.

With the impending arrival of The only market doubt has been un certainty as to the situation likely about 60,000 bags of Saigon rice, to develop in the postwar years. & small improvement was seen in e international control schemes the Shanghai Rice Market for tin and rubber have been held Sept. 18 when the price was re- by most well-informed observers duced by about $1.50, states the to preclude the possibility of any North China Daily News. really serious setback for the two Industries.

PROVIDE KEYS TO VICTORY

on

When the market was reopened $41

Festival after the Mid-autumin holiday there chants trying to sell their rice,

were

more mer-

When prices sag, production can' which fact was responsible for the be curtalled, supplies being kept price reduction, hut the situation more or less equal with" demand. is still serious because prices are

Prosperity has been extended to stul beyond the ability most classes of the community. average resident. Wages have been increased to

meet the increased wartime cost

CHEAP SALE

of the

The sixth cheap sale of ground of living. The classes and those in the high salary levels have in- Saigon rice will be started today vested their increased income in by the Shanghai Rice Distribution war loans and war savings certi-Committee., Sixty rice shops in will sell the icates. More than £5,000,000 both foreign areas sterling has been raised as a war rice, and, as bofore, a person will loan in Malaya and the money, be allowed to buy only $1 worth loan will be out of additional of the grain: taxation.

The Committee has notified au- thorities of the foreign areas here Authoritative circles in Singa- pore believe that tin and rabber of the fact that there are only provide two of the vital keys to 54,000 bags of the interior grade victory for the British Empire. The of Saigon rice left in its posses- European, blockade prevents any sion for cheap sale. This rice is "tin or rubber reaching Germany only enough for distribution for a or, Italy direct and which might period of two months, after which be re exported to Germany via Bt time there will be no more dis- beria It is felt that the block-tribution of the rice to the poor. ade leak which formerly existed. small quantities of es- "because

sential raw materials were reach Ing Germany, via Vladivostock has -row-been sealed.

Rubber is of vital import- ance to a mechanized army, and is also used by land forces In many ways --ground sheets and rubber boots, for example.

USEFUL IN PLANE MANUFACTURE Rubber plays an important role in the production of modern war- planes: Rubber and steel armor plate is fitted to some of the lat est types; while foamed rubber provides armor for aircraft petrol

$800,000 Lo

During the past five cheap sales, the Committee has sold about 120,200 bags of the ground rice at a loss amounting to about $900,000, During the past eight months, the collecting Committee has been cheap sale money from pubile- spirited people, but it is said that have дож the "committeemen reached the limit of their ability.

British Mission To South America

LONDON, Seps, 26 (Reuter

:

4:

Do. (Col. Bag.) ....

Chartered Banka ......

Bank of East Asia.....

Insurances

$200 Canton insurances...............

$408 Union Insurances....

$1

Underwriters

$150 H.K. Fires...

$120 Douglases

$11

$100 Indo-Chinas (Pref.)...

Shipping

Steamboats

$80

Indo-Chinas (Def.)

36/7

Shells

Docks, Wharves,

$8%

$4.55

#16

$37

15/0-

$91

$6.80 Waterboats

Godowns, etc.

HK. & K, Wharves... Providents

$18,80 H.K. Docks" (Old)...............

H.K. Docks (New)..... +Bhanghai Docks.......

Kailans

Reub

Mining

cts. Hong Kong Mines..............

Lands, Hotels and

Buildings

$2.60 H.K. & 8. Hotels.......)

Li

::

:;

AFTERNOON MARKET

$1303 £73 £87

Quiet,

STERLING

£8 9/16

this ran.

MOST PRACTICABLE .. NEW BOEINGS

Asked whether Pan American Mr. Whitney said that the new has any plans to put its so-called

on this run,;. Mr." a slight strato-liners Boeing clippers will be

The market closed with sellers improvement over the California Whitney said "no," at least not £97 at 1/2.31/32 up to December, buy- and Honolulu, clippers. They can, for some years to come. The fy2

ors at 1/3 for any delivery....

***

Eri

50 ct.

$190

$400

$150

$120

$10

$100

$100

35/71

$8.00

392

$4.55

$16.80

$18.30

237

15/0

$7.88

$3.65

$31.40.K. Lands......

$31

$100 Do. 4% Debenturas.

$100-

12.60

Shanghai Lands..........

83.60

H.K. Realties..........

27.15

Humphreys ........

· $71

:སྐྱོ་ངས་ཅིང་;

$10.15

$16

$15.95

:::

יו

叫

101 Chinese Estates.........

Cotton Mills

$45) Ewo (8.)

8190 | 5'bai Cottons (8.).........

Zoong Sings (8)

Wing Co Textiles (8.)

Public Utilities

H.K. Tramways.com

$7.40 Peak Trama (old)..............

***

$404 $210

$125

$16

$15.95

560

$3.70 Peak Trams "(new).....-)

Btar Ferries......

$22

mali Ferries

8921

China Lights (0)......

Chias Lights (New)... B. K. Electrica (Oldi...

$4.05

$38+

$38

$38

$17

www

$16

$11

$244

M

$12

$1

$18.

H.K. Electrical New)...]

Macao Electrics (Old) Macao Electrics (New) Randakan Light................... Telephones (old).

Telephones (now).......! B'pore Tractions (Ord.) Industrials

$14.30 Cald., Macg. (Ord.) 8.

Cald., Macg (Pref.)8.] Canton Ices..........

Cements

H.K. Hopes

HI, Govt. Lorne $994% Loan

$90 33% 10591%

Miscellaneous

Dairy Farms. Entertainments

$1.60 Constructions (old)...

Constructions (new).....

37.48 Lane Crawfords..

Nanyang Tobacco................

$2.18 Sincere.

WatronR : Versi

357% Ch, G.5% 1925G$Bda

11.K. Wing On

B'hai Wing On

Vibro, Piling***********

Maramans Inv. (Lon)

X.D. $18

$6.60

蟲

tanks. For this latter purpose The Brazilian Ambassador gave rubber latex, "tapped from the luncheon at the Embassy yes- rubber trees of the Malayan plan- terday in honour of Lord Willing- don who is heading the British tations, is used, kes

Instead of being coagulated on Economie Mission to South Ameri the estates, as is done when rubber Ca smoked sheet is required, the latex In addition to Lord and Lady is treated to prevent it coagulating Willingdon, others present includ and shipped in tanks to Great ed Mr, R. Brand members of Britain and the United States. At the Mission, representatives of 31 Foreign Once, and other the factories the latex is chemical- the ly treated again and beaten up by Government departments,

$8.80

50 ata.

ཕྱན,:

R

$10

U. S.. DOLLARS.

carry loads up to 84,000 pounds, ing boats have been found the 2000 pounds more than the pre-most practicable craft for ovPT No business was reported. There sent ships. There are six of these ocean service, he added, were sellers at 22.13/16 for near Improved type Boeings now under and probably 22.7/8 November, constructions. small buyers at 22.7/8 for Cash,

SHANGHAI, DOLLARS Opened" with sellers at 419 but] later business was done at 422. 1/2. Closed with sellers at 428.1/2, buyers probably at 423.

SHANGHAI MARKET Firm. The last rate received quoted sellers of Sterling at 3.35/ 64 for Spot and US. Dollars at 5. 7/16 for Spot.

trans-

In time the whole pacific fleet will be composEd entirely of the larger Boring Whitney type clippers, Mr. stated. The smaller Martin type ships, the China and Philippine clippers, will be taken from this ran when the How ships are available, ao- cording to him...

The company has three strato- liners in service now between Miami and Panama and between Miami and Rio de sanero. They jare known as Boeing 307,

Mr. Whitney said that his trip trom Honolulu to New Zealand was in the nature of an "official "preview," The first regular pas- senger flight will be made by the American Chipper, which is sche duled to leave San Francisco for Mr. Whitney declined to answer Auckland on Sept. 21

PRE-PAID ADVERTISEMENTS.

The following classes of advertisements are charged ai the price given below 1- SITUATIONS VACANT.

HOUSES AND APARTMENTS WANTED,

HOUSES AND APARTMENTS TO BE LET. MISCELLANEOUS WANTS.

Announcements not exceeding 26 Words are inserted under this heading at a Pre-paid"

If Charges collected, $2.00. "Rate of $1.50 for THREE INSERTIONS.

0344

WANTED KNOWN

ORDERS TAKEN for hand-made sweaters, Ladies' jumpers, Babies" outfita, etc., at $5.00 each for workmanship.

Wool and model desired, to be supplied by customer.

Send particulars of address, etc., to Box 582. HKDP,

That "WE" have an outstand- ing assortment of latest American dresses for all occasions and price to suit all purses. Call at "Vanity Shop" (Lazarus) Pedder Street.

Experienced Book-keeper Wants Students to form a class. Guaran~ tee students to keep a whole set of books after completion of a course 016 of 6 months. For Term and Par- ticulars. Please Apply to:-Box No. 463

c/o HKD2.

WANTED TO BUY

WE OFFER HIGH PRICKS for any amount of gold, articles, diamonds, silver, etc. No holidays, Apply China Building, 7th floor. Tel. 30127.TM Eurasia Gold Refining Co.

We pay high prices for all Gold Az Bilver articles, Diamonds, Jade and Gold dust. Apply China Gold Refining Co., Pedder Building, 2nd four. Room 5

HOTELS

RUSSIAN CUISINE

MORE POPULAR EVERY DAY

METROPOLE HOTEL

FOR SALE

For Sale Fifty sets of Jubilee and Coronation Stamps 1st day Cover. What offer? Please apply to Box No. 485 c/o The HK.D.P. |

Just Received Fresh Supply

Best varieties of“ Reliable and tested

Flower & Vegetable

Seeds

From Button and Sons, Ltd. Reading in pictorial packets

GRACA & CO. Dealers in Garden Seeds, Postage Stamps Picture Books &c. No. 10 Wyndham Street c/o The Established 1896. Hong Kon

Wanted to Buy 2nd Hand Type- writer in Good Condition Please apply to Bar No. 454

·HKDr

TEA DANCES

Tuesdays

Thursdaya

Saturdays" Sundays

[5 to 7:30 pAILU

ENGRAVERS

FEI FEI & Co. Photo Engravers

18, Cochrane Street. Telephone No. 22224,

'AUCTIONEERS

GREAƑEST COLLECTION OJ

GARGANS IN TOWN!

LAMME ILES MOCHTON ROM

Jimmy's

$51

*

100%

(1934).... (1940)....

195

$18 ID.

$6.60 $1.85

$39

8

8/9

Marokos Lov (H.K)

Wm. Powellazio

+Bale to Shanghai:

$2.20

$8.00

35

$39

14

J