1940-11-09 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

MONEY AND EXCHANGE

CLOSING QUOTATIONS NOVEMBER 8, 1910.

On London:-

Telegraphic Transfer. 17/1 Bank Bills, on demand 1/2 7.2 Credits 4 months sight

On Shanghai ;—"

On demand

On Singapore:-

On demand

On Japan:-

On demand

On India:-

Telegraphic

and demand

On New York:-

Transfer.

37A

52 3/4.

-89 1/2

Bank Bills, an demand 29 7/8 Credits. 60 days' sight 23 3/4

On Batavia

On Paris:-

On demand.........

16"

..... 425

Bank Bills, en demand Nou. Credits 4 months' sight Nom.

Og Saigon:-, S

י

On demand

On demand.

On Manila:-

39 1/2

4... 45 2/4

Un Bangkok:—

On demand.

... 1.9 1/2

On Sterling Notes:-

Bank Buying Rate

Bar Sliver per az,

Market Report

Silver

FROM ROZA BROS,

23716

Friday, Nov 8.

prices rose 1/16 yes

U.S. Defence MARKET PRICES

SKY-ROCKET Programme

Increased Taxation

To Meet Cost

IN U.S.

BIG TURN-OVER RECORDED WASHINGTON Nov. 8 (Reuteri "We have just begun to re-arm," NEW YORK, Nov. 8 (Reuter declared Mr. Henry Morgenthau. Reacting to Mr. Morgenthau's Secretary to the Treasury, when statement stocks, bonds and com he announced that the Treasurymodity prices yesterday sky- would ask Congress to raise the rocketed in

one of the biggest statutory debt limit by an estimat-day's trading for several months ed $15,000,000,000 in order to meet The stock market ticker was the costs of the national defence running two minutes late at the programme.

close and recorded record gains 15 high 1.5 eight points. The turnover exceeded shares

Mr. Morgenthau, speaking at a press conference stated that this Increase in the public debt limit would be sufficient to carry the Treasury through the fiscal year of 1942.

Asked if the increase was con- sidered suffelent for the next four years, he replted in the negative. asserting that the United States

had only just begun to re-arm,

FUTURE ISSUES

a

two million

upward swing Steels led the which has more than overcome Wednesday's losses resulting from the re-election of President Roose- velt.

Bullishness also appeared in the Chicago grain market.

Eere wheat at one time soared as much as four cents in the biggest single

He added that the Treasury day's rise of the year. would recommend to Congress that future issues of Government securities should be taxed and he¦ hoped that Congress would make hoth Federal and local govern-

SILVER MARKET

ment obligations taxable. though this would only apply to future. Issues.

LONDON SILVER

FINANCE & GENERAL

U.S. LIBRARIES TO AID

IN

}

DEFENCE PLAN

As part of the national defente programme, a commission of leading librarians has been created to survey the emergency research B. Downs, "director of the libraries of New York University, has announced. Mr.

Downs is acting chairman 'oksthe new group.

facilities of 700 of the nation's chiei libraries. Robert

new

Organized at the request of The joint committee is faced Archibald MacLeish, librarian of with the goal of describing about Congress, the

commission. 50,000,000 volumes deemed impor- officially known as the Joint Com- tant to the work of the National mittce on Library Research Facil-Defence Council. The books are to ties for National Emergency, was be assembled in Washington at formed

the the Library of Congress, edited and

by co-operatively Library of Congress, the Library evaluated by specialists and then Service Division of the Office of redistributed to some twenty stra- Education, the Special Libraries tegic library centres as sources of

the Association, and

American.| ready reference in defence work. Library Association. Funds were "The library facilities for re-

Carnegie and

search

to supplied by the

relating

emergency activities and to American Library Asscelations.

war industries are now widely distributed In hundreds of reference, university, college. public: industrial and other special libraries," Mr. Downs explained.

HONGKONG

SHAREBROKERS

"ASSOCIATION

Volume of Business Transacted on Friday, Nov. 8, 1940. SALES

Londur. Nov. 7 (Reuter), Silver Little General buying. Business small. Market quiet but HH. Hotels the HK. Ropes Ιπ steady. market was steady with no bus/-

Tess.

the

afternoon.

NO ADEQUATE CENTRE "No, adequate centre of informa tion about these resources existed neretofore and often librarians had but scant knowledge of the research materials in their own communities. Centralized informa- tion was particularly weak in the

To remedy this condition the leading 200 general, libraries and 500 special libraries of the nation

have been asked to supply to the Library of Congress detailed des

SATURDAY, NOVEMBER 9, 1940. -PAGE · 9

BLACK&WHITE

FINEST QUALITY IN . SCOTCH WHISKY

NO TWO WAYS ABOUT IT,

IT'S THE "SCOTCH,

HONG KONG TIDE TABLE

from 9 to 15 Nov, 1940,

Month.

Dats of

Kong

Hong

Standard

Time.

Height.|

Height.

WEATHER REPORT Royal Observatory, Hongkong. 10 am. Nov, 8. Barometer. at sea level). 30.14.

Ins.

Temperature. 73 F.

Humidity. 67 per cent.

Wind Direction, SNÆ

Wind Force (Beaufort), 4.

ta. Temperature; maximum yesterday,

70 P."

!!

A.2. Watsons Cements

500

500

200

China Providents

500

1,500

250

H.K. Docks (01.

200

200

$ 9.80

18.50 18.30 4.60 4.65 4.05

500 4.75 16.00 18.00 500 18.00 100 16.25 500... 3.50

Helds of science, technology and the practical aspects of the social selences."

HIGH WATER.

LOW WATER.

Hong

Kong

Standard Time

500, 6.70 1,500 6.75

ges.

6.450

copper,

criptions of their research hold- ings in hundreds of widely spread Sat. flelds including aeronautics, brid

fortificationsS,

h m. jft. 15

h. m.

Э

0434

5 91

11 23

2 8

-16 49

5 0

Sun 10

03 51

15 6

00:05

4 5

gas,

1990

6 1.

19/h

19 07

The total value is $80,412.50.

hydrography,

Irrigation. light Mon. 11-

06 36

36.

00 BR

40

houses, mineralogy.

phosphates,

10.43

12 42

3 G

sulphur. timber, zinc and other Tues, 12 topics, said Mr. Downs;

07 50

5 5

03 40

20 04

18 8

13 19

30

STOCK EXCHANGE |

SHAREBROKERS' ASSOCIATION

Bayern

Beilera

Balen

Nominal

FRIDAY `8 NOV.

Baller Buyer

Banks

81220

81290

H.K. Banke

81215

$1215

In the social sciences other topics to be subjected to intensive Thur 14 cataloguing include, the types and oharacteristics of war contracts. | Fri, Somins the financing of plant expansion for defence purposes, and the major lessons of the War Indus tries Board

Wed. 13

OF 35

55

02 20

13 0

20 20

17 0

1360

13 0

1.9 17

16 5

02 58

24

20 40

74. 1425

15

09 87 21 09

7 6

5 4 0336 14 55

20

£68

Do. (Col. Rag.)

*£64

Do. (Lon. Reg.]

£88 £94

history of American libraries that

1/2.31/32

strong and active. Wall Street is regarding the statement as having. inflationary aspects.

£71/18

Chartered Banks.....

253

210 1/18

$79

Mr. Mergenthau stated that the debt increased would very likely terday' tur hoth deliveries, the be accommented by Increased taxes, quotations being 23.7/16 for Ready though he did not think it possible 81ver to establish a "pay as you go" and 23.3/8 for Forward. advices reported the market as basis. being steady but, quiet. American Silver was quoted at 34.3.4 for Spot.

INFLATION HINT

He explained that as the de- fence programme gets into ful The London New York CICSS

swing the question of Increas- rate was quoted at 402.1/2. New ing prices and possible inflation York/London was quoted at 404 | Will arise, but he did not fear in-

Яation.

After Mr. Morgenthau's state-

1/2.

MARKET

A shade steadier for U.S. Dollars ment, the stock market became but quiet for Sterling.

STERLING

There were sellers at "November/January, buyers at 1/3

for Cash.

U.S. DOLLARS

Opened with sellers at 23.5/18.

Later business was

reported at

23.3/8 and also 23.7/18 for Cash. The The market closed at 1 pin. with wards

H.K. STOCK EXCHANGE

market firmed

the end

up to st. the

week

sellers at 23.3/8 for Cash, buyers with more confidence displayed at 23.1/2 for Cash.

SHANGHAI DOLLARS

Business was arranged at 383. -172-and 283.3/4. The market closed at 1 pm. with sellers at 384.1/2.

SHANGHAJ MARKET Sterling sellers for Spot were quoted at the opening at 3.29/32 and at the close there were Bell- ers for Spot at 3.7/8. U.S. Dollars opened with sellers at 6.1/16 and towards

the close there were

sellera at 8.1/32 for Spot.

AFTERNOON MARKET Steadier for US. Dollars in afterncon

STERLING

1

.the" buyers on

by

Tumour of the re-opening of the Pearl River, resulting in a good demand for Ropes, Providents, Trams, frele- phones, Watsons and Electrics at advanced prices. The closing tone continues strong with further en- quiries.

BUSINESS DONE DURING THE WEEK.

H.K: Banks, $1215, 1220. Douglases, $130.

Lands, $304. $31.

Spot. 23-7/16d. Forward, 23-3/80.

HONGKONG SHARE QUOTATIONS

Mercantile Bks. "A".

Mercantile Rka, "C"

Bank of East Asia....

N. C. & 3. Baoks.....

Insurances-

Canton Insurances.....

41

$177 3397+

Union Insurancés..........

$1

Underwriters

$150

H.K. Fires...

Shipping

$4.70

$15.85

fu

Tramways, $15.90, $18.

China Lights (0); $6.85

-Electrics (0), $37,

$3

the

$31

Electrics (N), $364.

Macao Electrics (0), $17.60.

1/2.31/32 |

Telephones (Q), $231.

$3:36

Cements, $16, $184, $18.40. Ropes, $6.30, $63.

There were sellers at November/January, buyers at 1/3 for Cash..

T. 8. DOLLARS Some business was reported at 23.1/2 for forward. The market closed with sellers at 23.7/16 for near, buyers at 23.9/18 for Cash.

SHANGHAI DOLLARS

Some business was done at 388 and also 387. The market closed with sellers at Spot.

BUYERS

HK. Banks. $1220.. Union Ins., $387). Docks (0), $15.85 Providents, $4.05. Hotels, $13.40. Lands, $31.

$166

$80

35/7

$135 Deugtanes

811

Steamboats

$100 Indo-Chinas (Prel.)..

Ludo-Chinas (Def.)

Shalls....

$8.90 Waterboats

Docks, Wharves.

Godowns, etc.

$90 H.K. & K. Wharven...

Providents ............... H.K. Docks (Old).

$15 HE. Docks (New).... $31

+Bhanghai Docks...........

Mining

14/0 Ksilaz

Raube

1ot, Hong Kong Mines.....

Lands, Hotels and Buildings

#387+

2

844

$154

MEMIL

i

£10 118,

$72

#

Besides Mr. Downs the members

Temperature; minimum last night.

65 F.

Rainfall for 24 hrs, ending 10tk

today. 0.00 ins

|34-|Total rainfall-since-January_1st.

117.32 s.

Against an average of, 82,83 Ins... Sunse; tonight. 5.43 'p.m

3)Sunset tomorrow. 6.33 a.m

4 p.m., Nov. 8. 134 Barometer (at sea level), 30.05 ins.

Temperature, 72 F

***** | Humidity. 68 per cent. Wind Direction, NNW. Wind Force (Beaufort), 1. Maximum temperature, 75 F. Minimum temperature, 65 F. Rainfall, nti.

£7 13/18

of the committee are Mary Louise such a survey has been under- taken. Mr. Downs declared Its £98 Alexander, director of the Biblio values would not be limited to the

graphical Planning Committee of

E Philadelphia; Donald Cable. 50 ct.librarian of the United States Rubber Company, at Passaic, N. J: Luther H. Evans, director of

178

+

present emergency period, but that it would prove equally important

In normal times. He sees in it the HEALTH RETURNS establishment for the first time The following is the Return of of a centralized source of Informa- notifiable diseases notified as hav the Legislative Reference Service ton of the nation's technical reing occurred in the Colony during of the Library of Congress, and

search resources. According to Mr. the 24 hours ended at midnight on Frank T. Sisco, editor and metal-Downs, the efforts of the commit- Nov. 7-Cholera, four cases (one $130 lurgist of the Engineering Founda tee may lead to a similar but ever imported): Diphtheria, two cases,

$150

tion of New York.

larger study of the 150,000,000 Enterle Fever. four cases; Cerebro- volumes now in the nation's re- Spinal Fever, one case; Dysentery, time in the search libraries,

11 cases; Tuberculosis 42 cases,

-8100

$100

35/7

FIRST TIME This is the first

$8.90

400%

J

$15

$31

14/0

18

H.K. & 8. Hotels...... $3.25 HI.K. Lande.

$204

$100

$3.40

$7

$100 Do. 4% Debentures.... $11 20 Songhai Lands...... HI.K. Bealljer.

$7.10 Humphreys

#100 Chinese Estates.

Cotton Mills

840 Ewo (S.) .................. Stat Cotton~~+8+}~~

Zoong Bing (8)

Wing On Textiles (8.)} Public Utilities

$40

141

PRE-PAID ADVERTISEMENTS.

The following classes of advertisements are charged at the price given below 1--- 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. If Charges collected, $2.00.

WANTED TO BUY

WE PAY HIGH PRICES for all gold and silver articles. 190gold bars, diamonds and jewels. Apply China Gold Reining "Co. JPedder Buliding, 2nd floor, Room 6.

HOTELS

RUSSIAN CUISINE

·MORE POPULAR EVERY DAY

METROPOLE HOTEL

TEA DANCES Tuesdays

Thursdays

Saturdays-

Sundays

5 to 7.30 p.m.

$16

H.K. Tramwaylon 87.40 Paak Trams (old).... $370 Peak Trama (new)..........)

594 Star Ferries

$16/16

$7.40 83.70

$664

Y'mati Ferries..... $22). Chins Lighta (0)...... 6.50 China Lights (New)... $8.60

$6.85

$8.50

. K. Flectrics (Old)... $37)

Realties, $3.35.

Trams, $16.15.

387 for

822ł

Yaumati Ferries, $22.25;

$0.80

Lights (O), $8.95.

Electrics (0), $37,25.

137

Electrics (N), $37.

1381

Macau Electrics (O). $17.60 °

$17.60

$17.00

$18.00

Telephones (Q), $24.

$12

Telephones (N), $9,60.

$23

$9.60

BHANGHAI-MÄRKET Opened with sellers of Sterling at 37/8 and last advices indi- cated sellers at 3.55/64 "for" Spot. U.3. Dollars sellers at 6.1/32 and at the close sellers were quoted at 6.1/16 for Spot

Shanghai Exchange

Shanghal. Nov,, 8 (Reuter).

Oficial T.T. Rates

Dairy Farms, $17.

Watsons, $9:60:

Entertainments, $6.60

1. K. Electrica(Now)... #38) Macao Electrics (Old) Macao Electrics (New) Sandakan Lighla.............. Telephone (old)....... Telephones (now)....... S'pore Tractions (Ord.)

* Industrials

$14.90 Caid., Mueg. (Ord.) 8. $12

Caldt, Macg. (Prof.)S.) Canton Ises..

| Cements

II.K. Ropes ***** H.K. GÖL. Loans

$231

30 sta

###

1

89.55

$16.35/.60

WE OFFER HIGH PRICES for articles, any amount of gold diamonds, sliver, etc. No holidays. Apply China Building, 7th floor. Tel. 30727. Eurasia Gold Refining Co.

WANTED KNOWN

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

Wool and model desired, to be supplied by customer.

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

#171

This "WE" have an outstand- .$0.80

$1.86ng assortment of latest American dresses for all occasions and price. to suit all purses. Call at "Vanity Shop" (Lazarus) Pedder Street.

$2.20

$9.20

35%

838

$14

ཅོ་

Experienced Book-keeper Wanta Students to form a class. Guaran tee students to keep a whole set of

books after completion of a course

FOR SALE

WILLYS STRAIGHT EIGHT. In perfect running order, "well shod, Any reasonable offer entertained, Apply Box No. 805. Daily Press.

YOU

Are Invited to Inspect Our Stock of

Asiatic, Foreign and Colonial

POSTAGE STAMPS

In Sets, 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

of 8 months. For Term and Par- P. O. Box No. 820.

ticulars. Please Apply to:-Box

No. 452a/o HKD.P.

Hongkong

ENGRAVERS

FEI FEI & CO. "Photo Engravers

18, Cochrane 8tret... Telephone No. 22224,

AUCTIONEERS

GREATEST COLLECTION OF BARGAINS IN TOWN!

LAMMERT'S AUCTION ROOM Lanumert, Brother 2. de noagat Roud Cut 1. Telephone No. 20124.

Jimmy's

BUTTERICK

Expert Ladies Taller.

New Style Ready Made Dresses FOR SALE.

16, Wyndham 'Street

Tel. 24618,

SELLERS.

HK. Govt. 4% Loan, 98 Providents, $4.75.

8104

Macao Electrics (N) $17.10.

$181/40 $8.40 $0.70 6.30 6...

Opening

Ropes, $8.75

London

New York

Japan

India

Hongkong

0/3-13/16 5-7/8.

25 21-1/8 N 25-1/4

$98

14% Loan

Vibro Piling, $8.. -

BALE'S

805 81%

(1934)

+4

805 31%

છું.

Providents, $4.63.

Hotels, $3.50.

$17

Lights (0), $690,

$0.00

Sterling

Cements, $16.50.

Bellerk

Ropes. $6.50/6.75.

Opening Closing.....

Watsons;” $9,60/65.

Spot

0/3-29/32 073-7/8

Nov. Dec.

D/3-57/64 0/3-7/8

Ded

9/3-57/64 0/3-55/04 U.S. Dollars Spot......$6-1/16 $8-1/16

Nov. 6-1/32

8-1/32

Market: Quiet

Sliver Duty Rate

The Central Bank of China's

rate on London at 10 a.m. today

$9.30

was 1/2-1/2d.. · ́:

The Equalisation rate was 241 per cent.

.K. Wing On

(1940)... Miscellaneous Dairy Farms.......... Entertainments .... $1.60 Constructions old)..

Constractions (new)...

$7.45 Lane Crawfords...... Al

Nanyang Tobacco......$3 $2.14 Binceres

Watsons

25%. Ch. 0.5% 19260$Bds.

S'hai Wing On an

Vibro Filing dem

.0-1/16 6-1/16

Calcutta. Exchange :

7/6 Marsmens Inv. (Lon.

9/9

Maramans Inv. (H.K.)

$1

Wm. Powails.....

Calcutta, Nov. 7. (Reuter).

+Sale to Shanghai

T.T. on Japan. 81-1/4

Ba"/

$95