I
HONGKONG "DAILY PRESS
Finance and Commerce
MONEY AND EXCHANGE
CLOSING QUOTATIONS
OCTOBER 4. 1940.
On London
Telegraphic Transfer. 1/2 7/3 Bank Billa, on demand 1/3 7/8 Credits 4 months' sight 1 3 1/
On Shanghai:-
On demand
410
02 3/4
On demand........... 103
82 1/2
On Singapore:-
On demand
On Japan:-
On India-
Telegraphic Transter.
and demand
On New York:-
Bank Bills, on demand 23 Credits, 60 days' sight 23 7,8
On Batavia j
43
On Paris-
On demand
Bank Bilis, on demand 1085 Credits 4 months' sight 1160.
On demand ..
On Saigon:-
On Manila:--
On demand
On Bangkok:-
Of Sterling Notes:-
On demand
3
Bank Buying Rate
**** 100
46
Bar Silver per 02... 237 16
Market Report
FROM ROZA BROS.
Friday, Oct. 4.
The price for Ready Silver was unchanged yesterday at 23.7/16 but the Forward rate dropped! 1/18 to 23.3/8, Silver advices re-
ported the market as being qulet
SHORTAGE OF RUBBER IN GERMANY
HK STOCK EXCHANGE
FINANCE & GENERAL
AUSTRALIAN MEAT FOR
BRITAIN
FEW DETAILS UNDER
DISCUSSION.
LONDON, Bot. 4 (Krater). · —
PURCHASE TAX
OPERATIVE ON
OCTOBER
21
The market during the week Renewal of the contract between LONDON, Oct. 14 (Reuter) - ruled on the quiet side, with a the Ministry of Food and the Am-The Purchase Tax will come into small turnover, Rates were well tralian authorities for the supply operation on October 21. '. maintained but at the close, prices of meat to Britain is on the The Treasury has made an order
Sale Of Tyres Banned seem to be on the easy alde, with a verge of signature, Reuter under-to this effect which will be sub-
In France
LONDON, Oct. 4 (Reuter)
It is remarkable how the lack of a certain commodity in Germany leads to the lack of the same commodity in one of the occupied countries, for instance, rubber.
A day or two ago it was an- nounced in Germany that new bicycle tyres cannot be bought except for the service and school children were forbidden to wear out their bicycle tyres on pleasure tripa...
.ar
Yesterday came news official decree in occupied France forbidding the sale of motor car. and motor, cycle tyres except for official vehicles...
No doubt the French supplies will satisfy the Germans for the time being. If they do not the French can expect the loss of their bicycles as well,
SPAIN'S FOOD PROBLEM
BOOTLEG TRAFFIC
WIDESPREAD
MADRID, Oct. 4 (Reuter) Spain's extremely difficult
food
and featureless, American Silver problem has been greatly wor-
was quoted at 343/4 for Spot." sened by many producers not sell-
few offerings,
BUSINESS DONE DURING
THE WEEK.
H.K. Banks, $1305. Wharves, 91.
Providents, $4/40. $4.35,
$4.35.
Lands, $30.85. Tramways, $159. Star Ferries, $59).
stands.
mitted to Parliament for approval The present contract, which ex-in accordance with the terms o pired at the end of September. the Finance Act. assumed 'shipment of 260,000 tona All taxable goods which are de- of meat of all kinds but owing livered under chargeable pur- to pressure on British storage chases after that date, will be $4.30, capacity and the presence or subject to tax.
what was believed to be more than adequate supplies here, rather less than that amount was actually shipped.
Taumati Ferries, $221. China Lights (0), $7. China Lights (N), $4.10. China Lights (N), call paid $8.80, tract has not been decided but it Electrics (0), $39, $371, Telephones (0), $23. Cements, $152, ̈ $15). Ropes, $8.20, $8. $5.80. Dairy Farms, $18. Watsons, * $8.80.
It is believed that final details regarding the exact amount to be shipped under the new con-
HE. Govt. 4% Loan, 98,
is expected that the amount will be about 250,000 tons of beef, mutton, lamb and pork.
The Purchase Tax, which was the surprise of the second War.Budget in Apeli, 'is a tax on sales. It will be charged by wholesalers to retailers and will mean that everyday arti- cles such as household goods, clothes and drapery will cost more. The heaviest scale of the tax will be borne by luxuries.
∙It purpose is to limit home ex-
The general price level is said to be much the same as for last penditure with a view to avoiding
It will be. (year's contract with a few minor the risk of inflation.
adjustments, mostly in the down-worked on a percentage basis.
H.K. Gott. 31% Loan (1934), 95. ward direction. Shanghai Cottons, S.$181.
BUYERS
Providents, $4.25, Yaumati Ferries, $22.50. China Lights (0), $8,75, Entertainments, $6.60.
SELLERS
Docks (O), $18.75. Providents, $4.40. Hotels, $3.50. Trams, $15.85.
HONGKONG
The London/New York crossing through government channels STOCK EXCHANGE, rate was quoted at 4021/2. New York/London was quoted at 403
1/2
Quiet:
MARKET
and a widespread bootleg traffic. has sprung up which is said to be sabotaging the government scheme of rationing and price control.
Bootleggers find a ready sale for sugar" at three shillings per pound, lentils and rice at 15d. .....a No business was reported. There pound, olive oil at seven shillings were sellers at 17231/32 October/a iltre, and for many other com- December, buyers at 1/3 for any modities. delivery.
STERLING
P..S. DOLLARS Opened with sellers at 23.3, resulting in some business at 23. 7/18 for Cash and 23.1/2 for the end of November. Bubsequently; the market eased off and a small
The law now published provides fines from 1.000. to 500 pesetas. In addition, sentence of a year in a penal labour battalion may be imposed, and penalties apply to both buyers and sellers.
People denouncing guilty parties will receive 40 per cent. of the business was done at 23.3/8 for anes while those buying solely to Cash: The market closed at 1 pm. denounce offenders with sellers. at 23.1/4 for near. selves be buyers at 23.3/8 for Cash,
SHANGHAI DOLLARS - Opened with sellers at 423.1/2| and closed at 419 for Spot.
SHANGHAI MARKET Sterling opened with sellers at 3.33/64 and closed steady at 3.9/16 for Spot. U.S. Dollars opened with sellers at 5.1/2. The highest rate done was 5.9/16 The market closed with sellers at 5.17/32, for Spot.
AFTERNOON MARKET
Quiet.
W
STERLING
The market closed with sellers at 1/2.31/32 October/December, buyers at 1/3 for any delivery.
U. S. DOLLARS Easter. The market closed, with sellers at 23.3/18, buyers at “23.5/16. for Cash,
SHANGHAI DOLLARS. Closed with sellers at 420 for Spot,
SHANGHAI MARKET Sterling closed with sellers at 3.9/15 and US Dollars at 5.17/32 for Spot..
Shanghai Exchange
Official T.T. Rates
Shanghai, Oct. 4 (Reuter).
London
New York
ment:
wil them- exempt from punish-
፡፡
$200
Btar Ferries, 359.50. Electrics (N), $37.50. Telephones (N), $10. Cements, $15,90. Vibro Piling," $8.
SALES
Union Ins.. $400, Providents, $4.30. 'Trams, $15.65. ̧.
SHARE QUOTATIONS
SHAR BROKERF ASSOCIATION
Bank of East Asis.....
N. C. & B. Banks..... Insurances
Canton Insurances......
$405 Union Insurances......
1
Underwriters
Bayarı Ballers Nalan Nominal
FRIDAY
Buyer Bellers Saipa Xordina!
4 'OCT. Banks
91306; H.K. Banka
$1305
£71
Do. (Col. Reg.) ........
£84
Do. Lon. Reg-) ----|
£8
Chartered Banka
£84 £61
26 Mercantile Bks. "A".
£104 Mercantile Bks. “C”. $72
SIO
$72
50 ct.
3190
$400
$150
$120
$10
$100
$90
Indo-Chinaa (Def.) .........
$100
35/0
Shells
35/0
$0.90
Waterhosts
$6.90
Docks, Wharves.
Godowns, etc.
F
$91 $4.40 $4.30/35... $167
H.K. & K. Wharves...
201
Providents
$4.30
$4.30/135
HK. Docks (Old)..... #6
$16)
$341
8341
40/0
$91
FOOD SHORTAGE | $4
IN SYRIA
LONDON, Oct 4 (Reuter)
&
A Beyrout message reports serious shortage of food in. 'Syria. All over the country the people are queuing up for bread, flour and other rations,
There is a petro) shortage: bro and private cars have been or- derd of the roads daring the month of October: Taxis have had their allowance cut dowr to 24 gallons a month
HONGKONG
SHAREBROKERS"
831
$30.85
:
ASSOCIATION 815 85 316
Volume of Business Transacted on Friday, Oct, 4, 1910,
SALES
AS. Watsons China Providents
Union Ins.,
Opening
̧0/3-7/16:
Japan
5-1/4 22-1/4
India
Hongkong
18 N 22-3/4
Sterling
Spot
Oct.
Nov
0/3-1/2
0/3-35/64
Spot, 23-7/16d.·'
U.S. Dollars
Apot
$160 H.K. Fires..........
Shipping
$120 Douglases.
$11
Steamboats
$100 Indo-Chinas (Pref.)....
H.A. Docks (Nsw).........) $15{ [ $10 +Bhanghai Docks.....
Kailang
Mining
Raubs .............
1 cta Hong Kong Mines......
Lands, Hotels and
Buildings
H.K. & &. Hotals........... H.K.. Land...
1100 Do. 4% Debentures.... $11
Shanghai Lands........
$2.60 H.K. Realtica
$7.10 Humphreys
8101 Chinese Estates........
Cotton Mills
8431 Ewe (8.)
#181
B'hai Cottons (8:).... Zoong Sings (8.)....... Wing On Textiles (8.) Public Utilities H.K. TramwayTremor Peak Trams fold) Peak Trams (new)....
$2980Star Ferries.......
$30.60 $31
$30.86
$100
#
$15.00
Y'mati Ferries........... $221 China Lights (0)......} #B4 China Lights (Now).
EL Electrice (Old)... 337
$22
50
$ 8.80
$81
500
4.35
$8.60 #372
500
4.30
750
. 4.30
137 $17
A.K. Klectalca Now)
$382
Macao Electrics (Old)
11. 405.00
$18
Mano Electrics (New)
10.400.00
$23
$10
1,821
2.
Bandakan Eightee
Telephones (old)........ Telephonen (new) ....... S'pore Tractions (Ord.) Industrials
$14.00 Cald, Macg. (Ord.) 8.
$12
Cald, Harg. (Prof.)8,]
$1
Canton Joes
50 ets.
$18 $5.80
Cechenta
09
$18
$6.80
!!
14/0
$437
Rigid Control Of Explosives
SATURDAY, OCTOBER 5, 1940. —PAGE
EVERYBODY'S
Favourite
BLACK&W THE
A
"BLACK&WHITE
plosive is to be used or is to be
stored when not in use,
FURNISH RETURN
GRANT-IN-AID
FOR MALTA
The new regulations also pro- vide that the operators of all MALTA, Oct. 3 (Reuter)-Cheers licensed magazines must furnish greeted the reading at the' meeting a return to the Chief Inspector of of the Council of the Government, Explosives. Department of Mines of a message from the Secretary and Resources, Ottawa, showing of State for Colonies, announcing the quantity of explosives in their as Malta is unable to pay its way possession, the purpose for which under the existing conditions, His Rigid control of explosives in they are held, and the provision Majesty's Government is prepared Canada is provided for. in a recent being made for safeguarding the to make a grant-in-did sufficient
explosives.
Failure to protect the explosives in a satisfactory manner shall be
Order in Councit passed under the War Measures Act. No explosives can be sold by other than a licens- ed magazine, and no purchases of deemed adequate for cancellation explosives can be made without a of the licence.
to meet the essential requirements, Spokesmen of all parties ex- pressed deep appreciation,
Nearly half of Malta's normal
permit issued by an officer of the. Any person who is not the revenue of £1,500,000 comes from Royal Canadian Mounted Police, holder of a magazine licence and customs shipping which is now un- or of the provincial police, or by who has in his possession explo-available.
the provincial inspectors of mines sives in whatever quantity must Estimates in 1941 show a defeit and chiefs of police of municipall-apply to an officer authorized to of £750,000. ties,
issue purchase permits for permis-
This permit, among other items, sion to retain the explosives until must show the name, nationality, disposed of in a legal manner, address, and occupation of the!
Penalties are provided for in- Northwest Territories nor, subject holder, the purpose for which it is fractions of the regulations and to certain provisions, to transac granted, the length of time for proof of innocence rests with the tions between operators of licensed which it shall be valid, where and person accused. The regulations explosive factories, and those of under what conditions the ex- do not apply to Yukon and the licensed magazines.
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 WÄNTS.
"Announcements not exceeding 25 Words are inserted under this heading at a Fre-paid Rate of $1.50 for THREE INSERTIONS. If Charges collected, $2.00.
APARTMENTS TO LET.
TWO large unfurnished rooms with modern bathrooms, kitchen, servants' room, small garden, near Barker Rd., tram státlon. Apply. Box 527 c/o Hong Kong Dally Press.
HOTELS
RUSSIAN CUISINE
MORE POPULAR EVERY DAY
METROPOLE HOTEL
TRA DANCES Tuesdays
Thursdays.... Saturdays
Sundays.
5 to 7.30 pm,
WANTED KNOWN
ORDERS TAKEN for hand-made STEWARD required for European 1200 sweaters; Ladies' jumpers, Bables' Club-must speak and write Eng- loutfits, etc., åt ̈$5.00 each forlish. Capable of supervising. Staff 195 workmanship.
and keeping books, Cash security Wool and model desired, to be required. Salary "approx. $60 per supplied by customer.
$15.85)
24
$22k
$0.80
#10
35 80
200
(1934) (1940)...
#95
$174
Oct:
Rellers
Opening⠀⠀⠀ Closing 0/3-33/64 0/3-9/16
0/3-33/64 0/3-9/16
-35-1/2. $5-17/32
5-1/2
Nov-5-15/32
Market: Qulet
Calcutta Exchange.
Calcutta, Oct. (Reuter). TT. en Japan, 81-1/4
India Rupee Paper
Bombay, Oct. 3 (Reuter). Govt. 31% Rupee, 91-02-0
The total value is $18.445.00.
SILVER MARKET
LONDON SILVER
London, Oct. 3° (Reuter).,,. Silver-Market quiet and tea-
tureless Business very small,
Forward, 23-3/8d.
BOMBAY SILVER
Bombay, Oct. 3 (Reuter), Market-Quiet. Offtake 30, bars,
Indian Mint Silver
Oct. 23 Settlement Nov, 26 Bettlement
LONDON GOLD
London, Oct 30 (Reuter) Bar Gold Fine per oz, 168/
H.K. Ropes an
HK, Govt, Lonas
4%. Loan
BUD 31
895 31%
Miscellaneous
Dairy Farme
| Entertainmenta:
$1.80 Constructions: (old)
Constructions (new}
$1.45 Lane Crawfords...
Nanyang Tabacco......
$2.16 Sinceres ******** 88.80 Watso
a5/Cb. G.5% 1925G#Eds.
H.K. Wing On
Vibra Piling di
| Murenana... Inv; : {Lou,}
2/0 Maranepe Tay, (HK)
Wm. Powalls..
+Bale to Shanghai
5-17/32 5-1/2
Ready
82-12
62-13
$38
62-14
Chai Wing On Tiến
18
month according to experience.
Send particulars of address, etc., Apply stating qualifications with 1to Box 502, HXDP..
testimonials to Box 526 c/o Hong Kong Daily Press.
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.
|
FOR SALE
For Sale Fifty sets of Jubilee and
| Coronation Stamps 1st day Cover,
ENGRAVERS
FEI FEI & CO. Photo Engravers
18, Cochrane Street. Telephone No: 22224,
AUCTIONEERN
GREATEST COLLECTION OF BARGAINS IN TOWN;
LAMIMEETS SECTION ROOM
Experienced Book-keeper Wants what offer? Please apply to: Boxstat, Dr Students to form a class. Guaran-No. 455 c/o The HKDP.
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 HKD.P.
WANTED TO BUY":
WE OFFER HIGH PRICES for any amount of gold articles, diamonds, silver, etc. No holidays. $8.60 Apply China Building, 7th floor.
Just Received
Fresh Supply
Best varieties of
Reliable and, tested
11.85 Tel. 30727 Eurasia Gold Refining Flower & Vegetable
Ca
$3.30
88.80
35
*$14.
We pay high prices for all Gold & Sliver Articles, Diamonds, Jade and Gold dust. Apply China Gold Refining Co., Pedder Bulding, 2nd door, Room 6.
Wanted to Buy 2nd Hand Type- writer in Good Condition.Please apply to Box No. 464 c/o The HKDP
Seeds
From Sutton and Sons, Ltd. Reading in pictorial packets
GRACA & CO.
Dealers in Garden Seeds, Postage
Stamps, Ficture Books &
No. 10 Wyndham Street Established 1800. Hon Lon
Telejna N
Jimmy's
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