1940-09-28 — Page 9

HONGKONG DAILY PRESS.

Finance and Commerce

ECONOMIC APPLICATIONS

OF VIENNA AWARD

IMPORTANT TERRITORY COMES UNDER HUNGARIAN CONTROL

LONDON, Sept. 27 (British (Wireless)-Bconomie experts in London who have now had time to subject to a closer scrutiny the Vienna award by which Ramanla lost 52,700 square kilo- metres to Hungary, find that its economic applications are less interesting than its political ones.

By this transfer, affected under, having u

MONEY AND EXCHANGE

"

CLOSING QUOTATIONS

SEPTEMBER 27, 1940.

On London:--

Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/8 7/8 Credits 4 moritha' sight 1/3 1/2. On Bhanghail:-

no

On demand. On Bingapore:-

***$ #15

On demand

52 3/4

On Japan:-

On demand

.... 106

On India:-

Telegraphic Transter.į and demand

82 1/2

on New York:-

เค

tine confusion of un- the Axis threats, there has come settled racial and, other problems within the control of Hungary, which are sure to cause renewed which Germany can which in turn is even more under trouble in the Axis Influence than the new interfere again to her advantage Rumanian regime, Д territory whenever it suits the Nazi policy.

Bank Bills, on demand 22 3/4- Under the Vienna award. Ru- important supplies of

Credits, 60 days' sight 23 1/4 Melding

Germany manis has lost 2,893,000 of her on Batavia:- which commodities" in

former population, but this in- and Italy are deficient.

Twelve ceded provinces carrying cludes only 1,000,000 Hungarians on Paris:-

with 1,266,000 Ru- with them 15 per cent. of the out-compared

now transferred to put of meat of former Rumania,manians. seven per cent. of the matze, four Hungary. The remainder is made per cent, of cats, 20 per cent of up of various races, including barley, nine per cent. of horses. 60.000 Germans who will doubtless 19 per cent. of cows, 12 per cent, be of sheep, 13 per cent. of pigs to gether with 70,000 tons of malt yearly and certain amounts of gold, silver. lead and zinc.

FOREST LAND

The

At the same time one quarter of the total forest land of Rumanía is handed over to Hungary. Axis Powers have therefore suc- ceeded in bringing within their valuable grasp much of their plunder while at the same time,

trouble

On demand

.... 41 7/8

Bank Bills, on demand 1085 "Crearts 4 months' sight +SO--

On

Salgon:-

On demand

07 1/4

Manila:-

in

On demand

44/4

on Bangkok:- "

On demand

110..1/2

Bank Buying Rate tar Silver per.. oz.

237/18

used to cause Hungary - that country shows independence of spirit

To add to the complications. 490,000 Hungarians are stili left within the new Rumanian tron- tier.

* LONDON GOLD

London, Sept. 26 Renter). Bar Gold, Fine per oz., 168/-

HONGKONG SHARE

STOCK EXCHANGE,

Mayur Sellers

፧፧

Balne

$405

19 ! !

QUOTATIONS

SHAREBROKERS'

ASSOCIATION

Namal hall

FRIDAY 27 SEPT.

Banks

Buyer

Sellers Haloa Lomi 1

£72

£67

#93

81305 H.K. Banks

Do. (Cal: Bog.)

Do. (Lor. Reg.).... Chartered Banka ......

27 Mercantile Bks. "A".

Marcantile. Rk. *"C".

Bank of East Asia......

N. C. & B. Banka.....

Insurances

$200 Canton insurances.

£11

872

Union Insurances..

$1

Underwriters

$11

$100

$16

$150 H.K. Fires.......

Shipping

$120 Dongluses

Steamboats. Indo-Chinas (Pret)...

$80 Indo-Chinas (Def.)

35/7 Shells

88,90 Waterbosts ...........

892

Docks, Wharves. Godowns, etc.

H.K. & K. Wharves,

Providents

H.K. Docks (Old)........] S 818 H.K. Docka (New)..... $35+Shanghai Docks.......

15/0

Koilada

$91 Ranba

Mining

1 cta Hong Kong Minu...... Lands, Hotels and Buildings

$16

:.

310

$18

$16!

On Sterling Notes:--

•!

Market Report

FROM ROZA BROS.

Friday, September 27. Silver prices were unchanged yesterday, the quotations remain Ing at 23.7/18 for Ready and 23.3/8 for Forward. Silver advices re- ported a small business done. The market closed quiet and feature less. American Silver was quoted at 34.3/4 for Spot.

The London/New York rate was quoted at 402.1/2 York/London was quoted at 3/4.

MARKET

FINANCE & GENERAL

N.E.I. TO PRODUCE

MORE RUBBER

Recently Mr. A. Luyties, head of the Division of Agriculture of the Department of Economic Affairs, Batavia, paid a visit to Medan, to discuss the question of increased rubber production with interested concerns there, in view of the decrease of the restriction percentage by five per cent, following the announced intention of the United States Government to lay in extra veserve stocks of rubber to the extent of 150,000 tons, says the Malaya Tribune.

The price of this rubber "baston the basis of the previously de- been fixed in America at trom 18termined export quota of 65,947,000 to 20 cents per pound. all. New kilogrammes per licence period --- York, which corresponds with the of the full export quota for the present market price.

third quarter and of half the

Mr. Luytjes first sought contact quota for the fourth quarter have with the board of the A.V.RO.8been taken in hand. the present of increase of the export quotas is or the General Association Rubber Planters on the East Coast no reason for the issue of addi of Sumatra, and, speaking on be- tional licences now.

required

from production

half of the Government, he urged The issue of licences covering the rubber growerr to adopt the balance of both export quotas measures as soon as possible to will probably take place in the middle of September after the increase production.

If the available labour was claras against the 1940 standard adequate for this purpose, it would production allotments have been be possible to obtain the supple-considered and settled,"

labour mentary other estates where was less intensive.

~Mr. Luytjes stated that the necessary accommodation for the shipment of rubber had already been guaranteed; it, shipping however, adequate accommodation could not be States secured the United would, if required, provide the additiona! shipping space needed.

All shipments of this rubber would be insured.

RUBBER LICENCES

The rubber export percentage in the Netherlands Indles for the third and fourth quarters of the 1940 licence period has been fixed at 85, while the export quota for estate rubber has been fixed at 70,089.110 kilogramumes of dry rub- ber for each of the two licence periods mentioned. ".

fourth

403.

H.K. STOCK EXCHANGE

Quiet for Sterling but steadier for US. Dollars,

1.

VULCANISED ARTICLES It is reported that the factory of the Singapore Rubber Works at Bandoeng (owned by the Factcrij Bank) will, from now on, produce articles of hard vulcanised rubber for household use, such as boxes, bowls, trays, ash trays, combs, etc.

These articles will find a ready markes locally in view of the low prices at which they can be sold when compared with the prices of imported articles.

"Grow More Food" Campaign

SATURDAY, SEPTEMBER 28, 1940, -PAGE 9

Say "BLACK

& WHITE and be sure!

THOSE WHO KNOW SAY, IT'S THE SCOTCH.

ON

EFFECT OF WAR

OIL COMPANIES

In the absence of Lord Bearsted, who was unable to be pre- sent, Sir Robert Waley Cohen presided at the annual meeting of the "Shell" Transport and Trading Co., Ltd., in London and read Lord Bearsted's speech.

This contained the following comment on the effect of the war on oil companies:

*There has therefore

been counterbalance the

"Many markets are closed. Wejdifficult to make and compara- have to keep constantly before us tively small. In war time, with the possible closing of others and restrictions of every kind, Gov- so to arrange our affairs is to en-ernmental, and otherwise, a rea- deavour to reduce to a minimum (sonable return on this capital be- comes still more difficult. We all' The Rotary allotment scheme, a the losses that may be involved. Purtherance of the "dig för vic- "I have only to remind you that. agree that in the public interest Germany and Italy, this result is both prover, and in- tory" and "grow more food" cam- besides As licences for the third and paigns, is to begin shortly with Sweden, Finland, Norway. Den-evitable.

quarters have already the decision of the Rotary Club, mark, the Netherlands, Belgium cross-been issued, and the distribution as an experiment, to try and get and now France are cut off from nothing to

In many losses in turnover which the tem- the "co-operation of people who the world of commerce. New

have no ground in the allotment of these countries widespread des-porary closing of these markets truction has taken place, and, be- has brought about, but there are, scheme.

For the purpose of this expert-sides installations and refinerics, of course, many other markets Įment. a block of quarters in large quantities of products Have upon which the war has not dès- cended and where our companies McNair Road has been selected. been destroyed.

There has apparently been a are continuing to And a regular An improved turnover was re-The quarters belong to the work- corded during the week Strongers of the Elkayes match factory, misconception in the public mind outlet for our products

that of companies at all times "It is inevitable, however, tant enquiries occurred for Providents and Ropes resulting in business at The committee of the Rotary made large profits and that in time the volume of trading will be res- advanced prices. Though the mar club belleve that by atlising of war they necessarily will coptricted by the financial stringency

tinue to do so.

which prevails in all countries at "This conception is very far the present time." Opened with sellers at 2213/18, ket was quieter in other stocks, spare land near blocks of quarters.

TO "Ine from the truth.

Reference buyers bidding 23.15/16. Subse-transactions were well spread and a lot would be achieved in grow

was made quently business was done at 22. at mates more or less unchanged ing more food.

been erected and

magnificent performance of the officers and crews of our Fleet." 15/16 followed by transactions at from previous week. The notable

The chairman said, "The oceans. It is hoped this experiment

have been open to our vessels, and proves successful, to start other staff. allotments in other parts of the The allotments for the Elkayes in their quiet, tenacious but cap- city under the guidance of the match factory workers have beendent mander, officers and men $4.55, Rotary Club, co-operative socie- fenced and dug by the company have carried out their duties on-

ties and firms employing a large itself.

$1305

£72

267

£6à

***

B27

STERLING

$721 160 ct

to December, buyers at 1/3 for any delivery.

There were sellers at 1/2.31/32 up

$190

U. S, DOLLARS

11

༢་

::

$400

$150

$120

8100

$100

| 35/7

LOT ACHIEVED

Fences have

23 and 23.1/16 for near delivery. feature was the lack of alzeable the ground dug. The market closed at 1 pm, with offerings at current levels. sellers at 23 for near. buyers at $6.00 23.1/8 for Cash.

$92

- SHANGHAI DOLLARS Opened with sellers at 423 hut subsequently business was done at 426 and 427.1/4 The market c'ased- at 1p.m. with sellers at 427, huy- $36ers probably at 427.1/2.

15/0

$7.86

SHANGHAI MARKET

Opened Arm with sellers of Ster- ling at 3.9/16, Closed easter with sellers at 331/64 for Spot U.S. Dollars opened with sellers at 7/16 and closed a shade lower at 5.3/8 for Spot

AFTERNOON MARKET

STERLING

5.

The market closed with sellers

at 1/2.31/32 up to December. bay- ers at 1/3 for any delivery.

$3.60 H.K. & 8. Hotels......

33

$31

831.40 H.K. Lands

$100 Do. 4 Debentures...

$100

$12.60 Shanghai Leads.......

enter.

$3.80.K. Reilties......

871

$44)

$210

$125

$15.00)

$4

300

$7.15 Tumphreys

$101 Chinese Estates.

Cotton Mills

Ewo (8.)

8181 S'hai Cottons (8.)...)

Zoong Sings (9.).--~)

Wing Oo Textiles (S.)

Public Utilities

H.K. Tramway....

$7.40 Peak Trams (old)....

$3.70 Peak Trams (new)....]

$29 'mati Ferries......... 822)

$50

Star Ferries.

$8.95 $7.10

Chins Lights (0)

$4

Chins Lights (New)...

Ca2+

$38)

$38

#17

$16

$24

114

H.K. Flectrica (Old)

H. K. Electrics New)... Macho Electrics (Old) Macno Electrica (Naw) Sandakan Lights......... Telephones fold.................... #10.16 Telephones (new)............

S'pore Tractions (Ord.) Industrials

81490 Cald, Macg. (Ord.) 9.

38

9244

$10

rat

!

U. B. DOLLARS

Nothing

doing, The market!

closed with sellers at 23.1/18" for forward, probably near, buyers at 23.1/8 for Cash.

SHANGHAI DOLLARS Business was done at 427.1/4, The market closed with sellers at 427.1/4

SHANGHAI MARKET.

Clused with sellers of Sterling at 3.31/64 and US Dollars at 5.11/32 for Spot,

Shanghai Exchange

Shanghal, Sept. 27 (Reuter):

Official T.T: Rates

Opening

India Hongkong"

$12

Cald, Macg, (Pref.)S.

$1

Canton Ice

818

.

$0 10

11/16.10

Cements

$18.00

H.K. Eopet

38

$5.00/1.80

London New York

HE. Gort. Loans

Japan

$99

14% Loan

$95

131%

295

31%

(1034). (1940).

100% #95

Miscellaneous

#181

Dairy Farins.

#18 $18 XD.

$0.60

Entertainmante

$1.60 Crustractions (old)

$6.80 $1.85

Spot

Sept.

Oct.

$31 12.20 $8.90

Spot

35°

$39

Oct

$8.80

#1 Countructions (new).......!!

37.46 Lane Crawfords

Nanyang Tobacco......

$2.16 Sinceres zonder

Watsons PASSTEPENI

35. Ch. 0.5% 1925GSBds.

839

Wing On

6'hai Wing On

Vibro Piling******

Matsmans Inv. (Lam.)

Maramani Inv. (HK)

Wm." Powell.

Bale to Shanghai

18

8/9.

3-7/16

5-1/4

22-1/4

19 N

22-3/4

Sterling

SAllers

Closing

Opening 0/3-9/16 0/3-31/64

BUSINESS DONE DURING THE WEEK. Union. Ina.. $405. Providents, $4.40, $4.45.

- $44.

Lands, $311, $31.40. Trams, $15.90, $18, $15.95, Star Ferries, $80.

China Lights (0), $7.05. Electrics (N), $381, $38). Telephone (O), $k+z. 323. Cements, $16.

Ropes, $53, $52, 30, 30.10. Dairy Farms, $183.

Dairy Farms, X.DA $181. Watsons, $8.95.

HK. Govt. 4% Loan 99.

BUYERS

China 'Lights (0), $6.95.

Cements, $15.75.

Ropes. $8.10.

Watsons, $8.80 Entertainments, $6.60.

SELLERS

Trams, $16.

China Lights (0), $7.10. Telephones (0), $24.50) Cements, $18. Dairy Farms, $18.25.

SALES China Lights (0), ST. Electrics (0), $39. Ropes, $8.20.

HONGKONG

SHAREBROKERS

ASSOCIATION

"Oll companies' profits, compar- ed with the capital invested, are

dismayed"-Malaya Tribune),

PRE-PAID ADVERTISEMENTS.

The following classes of" advertisements are charged at the price given below:- SITUATIONS VACANT,

HOUSES AND APARTMENTS WANTED.

HOUSES AND APARTMENTS TO BE LET. MISCELLANEOUS WANTS.

Announcements not exceeding 25 Words are inserted under this heading at a Pre-paid

Rate of $1.50 for THREE INSERTIONS.

WANTED ENOWN

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

Wool and model, desired, to be supplied by customer.

Send particulars of address, etc., to Box 502, HKD.F. ́

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. Volume Of Business Transacted students to form a class. Guaran

on Friday, Sept. 27. 1940. tee students to keep a whole set of ...... 500 $7.00 books after completion of a course China Lights (0) HK. Ropes

... 500 8.10 of 6 months. For Term and Par- 6.15 ticulars Flease Apply to:-Box

No. 463. c/o H.K.D.P.

500

1,500

The total value is $9,625.00.

ON INSURANCE

DIVIDEND

WANTED TO BUY

WE OFFER HIGH PRICES. for any amount of gold articles,

diamonds, silver, etc. No holidays.

Apply China Building, 7th floor. 0/3-9/160/3-31/04 The Directors of the Union In-Tel 10727. Eurasia Gold Refining 0/3-35/64 0/3-31/64surance Society or Canton, Ltd. Co. U.S. Dollars. have declared an Interim Divi-

$5-7/16

$5-3/8

Sept.. .:5-7/16 5-3/8

dend of 12 6d. (Twelve shillings. We pay high prices for all Gold and six pence per share on ac- & Biver articles, Diamonds, Jade. 5-11/32 5-12/32

count of the year 1940, payable on and Gold dust, Apply China Gold Market Sterling, inclined to be November 15.A

Renning Co., Pedder Ballding, 2nd easier, US Dollars Quiet

floor, Room 8.

India Rupee Paper

Calcutta Exchange

Bombay, Sept. 26 (Reuter). Govt, 31% Rupee, 90-140.

Calcutta, Bept 26 (Reuter) T.T. on Japan, 81-1/4

If Charges collected, $2.00,

HOTELS

RUSSIAN CUISINE

MORE POPULAR EVERY DAY

METROPOLE HOTEL

FOR BALE

For Sale Fifty sets of Jubilee and Coronation Stamps 1st day Cover. What offer? Please apply to Box No. 465 c/o The HKDPU

Just Received Fresh Supply

Best varieties of Rellable and tested

Flower & Vegetable

Seeds

From Button and Sons, Ltd. Reading in pictorial packets

GRACA & CO. Dealers in Garden Seeds, Postage

Wanted to Buy 2nd Hand Type Stamps, Picture Books &c.

No, 10 Wyndham Street

"Hong Kong Established 1896...

writer in Good Condition Please to Box No 404 c/o The ERDD

TEA DANCES Tuesdays

Thursdays

Saturdays Sundays

5 to 7:30 p.m.

ENGRAVERS

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

ADOTIONERS:

GREATEST COLLECTION OF BARGAINS IN DOWN!

LASIMEATS MUHON RIM V

Telephone NO 2012)

Jimmy's