1940-10-26 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

Empire War Gifts

Personal Donation

Of £10,000

KWANGTUNG TO American INCREASE FOOD Aircraft

PRODUCTION

Conservancy Experts On Survey Tour

Production

WASHINGTON, Oct. 25 (Reuter)

Mr. Henry Morgenthau, Becre-

FINANCE & GENERAL.

JOINT AXIS

DRIVE IN

BALKANS & EGYPT

LONDON, Oct. 12-London belloves Hitler is preparing a desperate attempt to break the Mediterranean stranglehold on the Axis by concerted drives, through the Balkans and Erypt, and great significance is attached to the appointment of Gen- eral Wilhelm von Keitel, chief of the German high command. to lead the Axis air forces in Libya, where the Italians are evidently about to resume their march on the Nile,

But in spite of the large troop-end organised for quick exploita- movements in the Balkans, it is tions, and that they will cheer- too soon to be quite certain that fully attempt what would appear

powers have definitely, to be the impossible. the Axis tary to the Treasury, states that committed themselves to certain nearly every aeroplane manufac- lines of action there. & game of SHIUKWAN, Oct. 25 (Centrau-turer was either on time or ahead bluff is in progress as a prelude. The Central Committee of the The Kwangtung Provincial Gov. of scheduled of delivery for both

LONDON, Oct. 25 (Reuter)

More war gifts continus to come

in from the Empire.

Uganda War Fund has sent £12,000 to Lord Beaverbrook, Minister of Aircraft Froduction, to buy fighter planes,

The Sudan War planes Fund has sent in £10,000, while Mr. Oswald Finney, of Alexandria, has sent in

ernment has appropriated $1,000,- 000 to the different administra- purchasing cereal tive areas for seeds in order to increase food production.

41

An increase of 10,000,000 p:cula of cereals within the current year

A further £10.000 as a personal is expected. gift from himself.

United States Government and British orders.

par

The quality of audacity has been a great factor in the war so far, so the possibility of surprise movements should not be overlooked.

GRAZIANT'S ARMY READY Marshal Graziani's army in the Libya has, on

other hand, been ready for sometime. It out- numbers the British, and should now be in position to attack even

pincer

movement on without a the left a well-belleved by arm- chair strategists.

BALKAN NEWS SCARCE

from News

the Balkans has As a result, he added, British "been scarce and most of it com officials in the United States were pletely unreliable. Normal diple-

have been pleased but would still like a fas-matic channels

posely closed by the Germans ter production.

who have at the same time issued their own reports regarding troop LONDON STOCK.

occupations. The outward appear EXCHANGE ance that vast new military deve

lopments are taking place comes

Grotesque maps recently publish- LONDON, Oct. 25 Reuter-In the Stock Exchange Home Rails from German sources rather than

(the neutraLA

ed showed black pincer lines in north Europe and Overseas Chinese in Hawail are were still in the forefront but pro-

It may be that all this means southeast Invited to invest money or con-ft-taking reduced earlier gains. servancy and reclamation. The Industrials displayed several an attack on Egypt and the Suez Africa, but with no relation what- Pearl River Conservancy Bureau good spots but generally prices Canal by way of the Balkans in ever to mountains, seas and rivers, ...They have sent the money be under the Ministry of Econceale ended ease of edged and stead of through Libya, but there There are misleading, and have

cause they are, "stirred by Lon- sent recently a

posa'bilities. group of conser-Kafirs were better supported to are arguments against such often Ettle relation to military don's magnificent defence and

vancy experts on a survey tour towards the close. north Kwangtung.

Agricultural advisory offices will From Natrobi comes news that be established in different hsten the people of Zanzibar have setit to give technical guidance to the

£500 for mobile canteens which farmers. are to bear the name of "Zanzi-

bar.

MAGNIFICENT DEFENCE

steadfastness."

The master of a Danish ship has sent £100 to a British ship-..

а

ping company. together with MARKET REPORT

request that arrangements be made for him to pay £5 a month from his wages "as a tle help towards your famous Spitfires."

"Wall Street was firm.

I.T.C. QUOTA INCREASE

FROM ROZA BROS.

Friday, Oct, 25. LONDON. Oct. 25 Renter) Silver prices rose 116, yester- The International "Tea Committee The Sultan of Selangor has sent day for both deliveries, the quota has decided to increase the quota In Straits Dollars the equivalent tions being 23:1/2 for Ready and by 2 cents to 92 cents for the of £886. 183. 10d. collected from 23.7/16 tor Forward. Silver advices current control year ending March Malays and other Moslems in his reported the market being 31. 1941. country for the benefit of earth-j steady but quiet. American Silver quake sufferers in Turkey.

was quoted at 34./34 for Spot.

The money will be remitted to The London-New York cross- the Turkish Government through rate was quoted at 402.1/2. New the good offices of the British York/London was quoted at 403 Ambassador.

MARKET

Steady but quiet.

STERLING

H.K. STOCK EXCHANGE

The political situation has in no way affected the market and prices this week have continued to ad- vance slowly. The volume remains i

Some business was reported at 13 for Cash. The market closed with sellers at 1/2.31/32 October! January, buyers at 1/3 for Cash.

U. S. DOLLARS Some business was

done early

small owing to the unwillingness in the morning at 23.1/8 for Cash,

of holders to part at present The market closed with sellers at levels

.

· BUSINESS DONE DURING

THE WEEK

H.K. Banks, $1225, 1230.

Canton Ins. $175.

Union Ins.. $387).

course...

LOT OF STAGING Offensives on a large scale re quire a lot of staging, and 4 glance at the map reveals that a march on Turkey with the object of taking Syria and then Palestine would be a major operation ant to be lightly undertaken. know; however, from In France that Hitler is capable":

with Hghtning speed, of acting that his Panzer Korps are ready

We

experience

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Bayer Bellers

Buyer

Bellers

Here are some of the dis- tances involved in the much- discussed Nas left wing. pin- cer: From the Bulgarian fron- tter to Aleppo, in Syria, it is 650 miles; from Aleppo to Halfa, in Palestine, it is over 300 miles. All the roads are of doubtful quality.

SATURDAY, OCTOBER 26, 1940. -PAGE 9

Unrivalled

Age and

Quality

in

BLACK &

WHITETM

YOUR FIRST SIP TELLS YOU IT'S THE SCOTCH.

SITUATION LESS TENSE

PHILIPPINES. HIGH COMMISSIONER'S OPINION

United States High Commission-

captain in the Philippine Scouts, DS. army, for attempting to dis- pose of "confidential" information to unauthorised persons. He said the matter is in the hands of the military authorities.

Asked whether the arrested man er Francis B. Sayre considers the could be ordered shot, if found present situation in the Far East guilty, Mr. Sayre replied that be less: strained than it was a week did not know. He said the whole. A QUESTION

`ten days ago. reports the thing depends upon the circum The question that one asks, or

Hitler Manila Bulletin of Oct. 19.

stances, and pointed to the case therefore, is why should.

.."We are sitting a little more of John. Brown, famous Harper & march 1,000 miles through such

revolutionist who country, when Marshal Graziani's comfortably now," he told news- Ferry

hanged for treason, although st army of Italans is already within men at a press conference, 250 miles of Alexandria?

that time the United States was There VIGILANCE CONTINUED

war. Harper's Ferry s

Was

is no answer that would make Mr. Sayre said that the au- not at SHAREBROKERS' ASSOCIATION

sense, unless he hopes to sub-thorities, both civil and military, near Wäshington, D. C

PLANES HELD jugate Turkey as easily and as are continuing their vigilance and Balenom bloodlessly as he did Rumania. that he is in constant consulta; The ten fighter planes original-

But Turkey is the largest and tion with them on defence mat- 1y destined for Thailand, which- strongest of the states of south-ters. east Europe, and there is no rea-

H.K. Banka

$19:01

£87

£82

£28

£10

$72

Sales

Nemias

FRIDAY 25 OCT

Banks

81230

Fo. (Col. Reg.)

£63

Dr. (Lon. Reg.!

£客

Chartered Banks

9

Mercantile Bka. "A"

P10

Mercantile Pks. "C"

$72

Bank of East Asin....

N. C. & 8. Banks...

11 Insurances

$193

$367

81

8100

23.1/8 and probable buyers at 23.3/16 for Casti

$387

$1

$125

$20

*

38

100 ch

The High Commissioner refused son to suppose she would submit to say anything for publication to invasion. She was the leader regarding the arrest of a Filipine of the Balkan entente, and occu

pies a position of immense strate-for the German Fanzer Korps with gic value, as the straits are all its proved efficiency. gateway between the Black Bes

and the Mediterranean and also form a bridge between Europe and Asia Minor.

TURKEY HAS LARGE ARMY Turkey has a large army of 28 $120 divisions in peacetime, and in war she could double that strength A certain number without effort. of mernanised troops are embodied $8.90 in this army, but the country is not very suitable for them,

8100 $100 35/0

$175 Canton Insurancés............

Union Insurances.

Underwriters

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

Shipping

Douglasss

Steamboats

$10-Indo-Chinas (Pref.)..

Indo-Chinas :{Def,).

3570. Shells

$6.90 Waterbosta

Decks, Wharves

Godowns, etc.

880 H.K. & H. Wharves,

ነፍ

Providents, Busines

$4.00 84.60 84.56

H.K. Docks (Old)...815.85 H.K. Dicks (New)... | $15.36

8271

Mining

Kailans

Raube

14/0.

$8

$294 +Shanghai Ducks.....

114/0

10+

1 eta. Hong Kong Mines...

-Docks (O), $157,

SHANGHAI DOLLARS Sellers at 390, buyers at 391.

SHANGHAI MARKET

Opened with sellers of Sterling

closed Providents, $4.45, $41, $4.55. $4.60, at 3.13/16 and

Noon at with sellers at 3.53/64 $4.55.

Spot. for ¡US, Dollars. sellers were quoted at the opening at 5.7/8 and closed pt. Noon with sellers at 5.20/32 for Spot.

HK Hotels, $3.20.

*

Lande, $301, $304, $30.80. $30), Tramways, $15.85, $15.95, 316. China. Lights (N), $0.40. Electrics (0), $387.

Telephones (O), $234.

Electrics (N), $38.

Cementa, $153, $18.

Ropes, $8.30.

Watsons, $8.90, $9.

Govt. 31% Loan (1934), $95.

BUYERS

Providents, $4L

H.K. Hotels, $3:20. HK Lands. $30). Realties, $3.35.

HK Trams, $15.85. Yaumati Ferries, $221. Electrics (0) $364. Electrics (N), $38. Telephones (0), $231. Telephones (N), $9,55. Cements, $18.10. Dairy Farms, $171. Watsons. $8.95.

SELLERS

Providenta $4,80. HK, Lands, $31. Yaumati Ferries, $224.

SALES

EK. Docks (0), $18. - EK Trams $16.05. Cements, $185. *···

HONGKONG.

SHAREBROKERS"

ASSOCIATION

Volume of Business Transacted

on Friday, Oct. 25, 1940.

SALES

H.K. Dock (0)

AFTERNOON MARKET The market was quiet in "the" afternoon.

STERLING There were sellers at 1/2.31/32 October/December, buyers at 1/3 for Cash,

$4.55 $15.90

$455

$151

$3.20

LP!

U.S. DOLLARS Sellers at 23.1/8 for Cash and $30 $31 8 smail /buyers at 23.3/16 for Cash.

SHANGHAI DOLLARS .Some business was reported at 390." The market closed with sellers ac 300, buyers at 391. SHANGHAI MARKET. Sterling at 5.53/64 and U.S. Dollars at 5.29/32, both sellers for Spot,

"Successful Financial

$2.36

$15.55

H.K. Realties...

$7.10 Humphreys

$100

Chinese Estates.. Cotton Mili

#37 Ewn (8.) .....................

#181 Sbi Cottons -19.7-

Zoong Sings (3.)....... Wing On Textiles (S.). Public, Utilities

H.K. Tramway........

$7.40 Peak Trams (old).

Lands, Hotels and

Buildings

$3,20

H.K. & S. Hotel $3.95

$3.35

#301

FI.K. Lands.......

$304

$100 Do. 4% Debentures..

$100

$11

Shangbai Lends.

$3.40

$7

a

#37)

#190

3155

$15.95) $18

$3.70 Peak Trims (new)...

$591

Star Ferries.

$501

Reforms In Hunan #22 #224

Y'mati Ferries..

ཚོན་མི

$02

$2,40

Chins Lights (0)......) $6.70 China Lights (New).....)

$6.86

++

Remarkable [schleved since the introduction of

financial reforms in Hunan.

success

has been

$20

.K.Electries (Oli

8371

838

H.K. Electric Naw):

$37

37/27

$17

Macao Electrics (Old)j

-$10

Mac Electrics (New))

While no, new loans have been raised, old loans amounting to #23} "approximately $6,000,00g have been paid during the past ten months,

The balance of the provincial treasury in August showed a sur- plus of over $4,000,000.

$11

Sandakan Lighté..

Telephones (cid)...

$9.55

Telephones (new)...................

$23,75

·39.30

S'porn Tractions (Ord. 1) Industriais

$14.80 Cald., Macg." (Ord.) 8.

$12

$1

$18.10

BROKERS

LOANS

Cements .....

Cald., Masg, (Prelis

Canton Ice

$6.20 ILK. Rapes

50 eta, 18.15/25

16

HK, Gert. Loans

$29

1% Loan

9047,

81%

(1994)

14

890

81%

М

!

(1940). Miscellaneous

CHANGSHA, Oct. 25 (Central)-

New York. Oct. 24 (Reuter), Loan on securities to brokers in

50 $16,2 New York:-

H.K. Electrics (N)

50

37.00 Week-ended

Week-ended

Week-ended

$171

100

19/19/39

37/10/40 24/10/40

The total value is $2,562.50,

11:

Dairy Farms.....

$6.60 Entertainments

$1.60 Constructions (ald)...

1: Constractions (now)...

17.40. Lane Crawfords...

Nanyang Tobacco.....

$2.15 Sincares

$8.95

Oct, 24

Watsons

35, Ch. 0.8% 19250$Bds

#a9-LK: Wing On

8'hai Wing Op

Vibro PRing

Marsmans Ing. (Los

Marations In

(HK)

Wm. Tonali..... '4Bale to Shanghai

NEW YORK, Oct. 24

(Reuter).

· $430 000,000 $307,000,000 $297,000,000

FEDERAL RESERVE SYSTEM

· Oct. 19 (1939) - Oct. 17.

[000% Omitted)

..

Bills Bought

US. Securities held

Federal Reserve Ratio

Federal Reserve Credit Outstanding.

Monetary Gold Stocks

Industrial Advances.

1,000 2,748,000 2,384,000 85.37% 89,74% 2,817,000 2,481,000 16,991,000

21,373,000 21,787,000 8,328,000

2,352,000 90,10%

"2388,000

21,128,000.

8,305,000

$17.30

nor

Arm chair strategy is a fas- cinating hobby, and its ex- often amusing ponents are when they wave their arms in over pincer movements all

large maps. But the problem to the professional soldier is to attain an objective by the most direct methods and "in the shortest possible time... Hitler's generals are not likely to be exceptions to this rule. ·

are being held here. have been definitely requisitioned by federal to authorities as being essential national defence, Mr. Sayre re- vealed. He refused to say, how- ever, whether the planes would be retained here for the army's" use.

GERMANY WORKING WAR PRISONERS LONDON, Oct. 25 (Reuter, News has reached Polish circles in London that Polish war prisoners. are now being employed by the Germans in the reconstruction of German Baltic ports destroyed in atr raids by the R.AF.

PRE-PAID ADVERTISEMENTS.

The following cloanes 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

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

for

WANTED TO BUY

WE PAY HIGH PRICES

all gold and silver articles. gold bars. diamonds and Jewels- Apply China Gold Refining Co. Pedder Building. 2nd floor, Room 6.

HOTELS

RUSSIAN CUISINE

MORE POPULAR EVERY DAY

METROPOLE HOTEL

TEA DANGER Tuesdays

Thursdays

Saturdays Sundays

5 to 7.30 p.m.

WE OFFER. HIGH PRICES for of gold articles, $0.40 any amount

diamonds, silver, etc. No holidays. Apply China Building, 7th floor. Tel. 30727 Eurasia Gold Refining Co.

$3.80 $1.85

WANTED KNOWN

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.

Bend particulars of address, etc., to Box 502, H.K.D P.

The "WE" have an outstand- ing assortment of latest American dresses for all occasions and price to suit all purses.". Call at "Vanity $3.20 Shop" (Lazarus) Pedder Street.

Experienced Book-keeper Wante Students to form a class. Guarani tee students to keep a whole set of books after completion of a course of 8 months,For, Term and Far- ticulars. Please Apply to:-Box No. 462 eto HKDF

FOR SALE

For Sale Fifty sets of Jubilée and Coronation Stamps 1st day Cover. What offer? Please apply to Box No. 465 c/o The H.K.D.P.

YOU

Are Invited to Inspect Our Stock of Asiatic, Foreign and Colonial

POSTAGE STAMPS In Bets, Single, Packets. Bags and in Approval Bheets./

GRACA

& Co.

Dealers in Postage Stamps. Philatelic Goods, Picture Postcards, Religious Goods, Garden Beeds, & etc. No. 10 Wyndham Street O. Box No. 820.

Hongkong.

ENGRAVERS

FEI FEL & CO. Photo Engraverä 18. Cochrane Street... Telephone No. 29224.

AUCTIONEERS

GREATEST COLLLESION OF BARGAINS IN TOWN:

t

LAMMERT'S AUCTION HOM

Telin.

Jimmy's

Bat

€8.80

39

$14