1940-11-20 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

MONEY AND

EXCHANGE

CLOSING QUOTATIONS

I

NOVEMBER 19, 1940

On London-

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

On demand On Singapore:-

On demand .......

On Japan:-

On demand

Oo India:-

8 5 8 8 8 8 $

Telegraphic

and demand On New York:-

ابر

-300

52 3/4

-82 1/2

106

Transfer.]

:i

Bank Bills, on demand 23 1/8 Crediis, 80 days' sight 24 On Batavia: arm

On demand

43 1/4

-On Paris:-

Bank Bills, on demand Nom. Credits 4 months' right Nom.

On Saigon:--

On demand

Op Manila:-

On demand

Og Bangkok:-

'On demand

On Sterling Notes:-

Bank Buying Rate

Bar Silver per oz.

1:

Market Report

100 1/2.

48 1/4

་་

139 1/2

Nou

23 3 16

FINANCE

INDUSTRIES SUITABLE FOR CEYLON

Sources of wealth for Ceylon were pointed out by Mr. T. W. Hockly in a paper read at a Committee meeting of the Low.

War's Effect COMMODITY country Products Association recent

On Dry Fish Industry

When the Ceylon State Council met recently in Committee to Budget Estimates, consider the the votes for the Ministry of Local Administration were taken up.

Speaking on the personal emolu-

PRICES IN

HUNAN STABILISED

by Gen. Hsueh Yoh, Chairman of Hunan, on Nov, 15 to check their further rise.

The development of the fisheries industry. the cultivation of eastor for its oll, the use of Ilmenite deposita along Ceylon's beaches and the use of Ceylon's deposit« of Kaolin were amoni the suggestions ́made

WEDNESDAY, NOVEMBER 20, 1940. -PAGE.

Mr. Bockly's paper-"Industries vision for a short time and then suitable for Ceylon"--was read, in lease it out to a Company or his absence, by. Mr. Cedric Fer- Syndicate to work themselves, Commodity prices in Hunan,nando, son of Mr. James P. Fer-

Mr. Hockly also observed" that with regard to some industries he which soared abnormally recently, nando, the Chairman of the Low- are being stabilised following the country Products Association

nad seen. proposed for Ceylon, the Mr. James P. Fernando presided. Jouy markets would be in Ceylan enforcement of the order issued

Before the proceedings com- itsesi 15 he did not consider it ments vote for the Minister."

three- onposable that outside the Mr. George E. de Silva said that

merced, a vote of condolence the death of Mr. E. J. Samera-mile limit. Gayton could meet the the Minister had given assurances

The merchants in various parts wickrame, à former Chairman of fierce competition of other cou- as regards the manufacture of

moved by trien- dry fish and Maldive fish in of the province are co-operating the Association," was

closely with the authorities in the Chairman, who said that the Ceylon, but the start of the in-

FISHERIES INDUSTRY dustry had been postponed on the levelling prices. Rice and gasoline tate Mr. Samernwickrame was one

the figlierles industry, Mr. ground that there were no scien- are now being sold at the amelal of the most distinguished Chalr-

was sadly. of the Association The Hockly pointed out, tinc men in the country to un-ly fixed rates. But because of the men

inadequate supply, the prices of Chairman moved that that meet- lacking the attention it deserved, Fishermen were 111 perennial other daily household necessities mg convey a message of sympathy

to the late Mr. Samerawickrame's poverty, although about Rs. 14,000,- are still in an erratic state.

000 was unnually paid out of the In Changsha, some rice shops relatives

country, for imported fis were obliged

The vote was passed. and groceries lately to suspend business owing to lack of stocks. To relieve the shortage, the Municipal Authorities and the

dertake It.

He contended that there was no need to postpone it till scientific men were available. They should make use of available material and take steps to stop the impor- tation of dry fish and Maldive fish,

SALT AT COST PRICE

Mr. S. R. D. Bandaranaike said that the dry fish industry was be-

ing carried on already and an advance had been made in that

Chamber of Commerce are taking joint measures to replenish stocks in order to cope with the public

demand. (Central News),

11

MF. Hockly said that this was a worthwhile industry, which would give food for the people, and the salted surplus could be "exported to other countries. Later a

ADVANCING MONEY Mr. Hockly in his paper sald that that it had been declared there was no capital in the Island

canning industry might be in- at this would be mended if Gov ernment lent money on easy terms stalled under expert managa- to a man or a syndicate, having 'ment.

Then there was the cultivation previously gone very carefully into

"Satisfied? Quite !

IT'S "BLACK

& WHITE"

NO IF OR MAY BE IT'S THE SCOTCH.

RELIEVED

Industry. They were supplying fish MEETING OF I.R.R.C. the whole question of the prospects of Castor, for its ut. which was in age in Kwangtung have been send overseas this year more than

at about cost price.

If the industry was to be fur- ther improved there was need, for

POSTPONED

(teuter)- Nov. 10

LONDON,

FOOD SHORTAGE | “EDGE TOOLS" FOR WORLD'S FARMERS Britain's edge tool industry has Measures to relieve food short organised its own Export Group to

7,000,000 "pieces. neurly all of of the proposed scheme.

great dentand. as it was one of worked out,

them agricultural implements. best-known lubricants for As the result of a personal visit These are, The money could even be ad- the

for the most part, to Hunan and Klangsi by, Gen. plantation boes, forks, picks, an increased catch. That could be The meeting of the International vanced by degrees under careful machines.

Once the dll was extracted from Hon-wan, FROM ROZA BROS.

of the spades, shovels, scythes and hat- achieved only by better methods Rubber Regulation Committee!upervision, he added.

Govern- Tuesday, Nov. 19.

chets used in the production of of fishing, by using trawlers and which was scheduled to take place Mr. Hockly suggested that Gcv-the bean-which in itself was no Kwangtung Provincial -The-price-for-Ready SilverFimproved fishing gear.

coffee, rice, makze, today has been postponed to Nov. ernment should construct a factory difficult process the cake which ment. definite arrangement for the sugar dropped I/18 yesterday to 23.3/16 An order had already been given

and run it under expert super-remained could he used as an ex-regular supply of rice to Kwang cocoa, cotton, rubber, palm oil,

cellent manure.

tung has been made with the au- soya beans, oranges and bananas, but the Forward rate was un-for the construction of a trawler,

As a subsidiary cottage industry thortties of the two provinces. changed at 23.1/4. Silver advices but they were informed that it

About two thirds of them will | Mr. Hockly suggested Eri Silk Meanwhile, in order to strive at go-to-the-Empire including Aus- reported a quiet market. Ame- could not be undertaken-on-ac--

worm propagation as this rican Silver was quoted at 34.3/4 count of the war.

worm self-sufficiency. the provincial au- tralia, New Zealand India, Ceylon, ted on Castor leaves.

thorities have circularised ali dis for Spot.

Burma, Cyprus, Malaya, North

The London/New York cross rate was quoted at 402.1/2. New York/London was quoted at 403. 8/4.

Featureless.

MARKET

STERLING There were sellers at 1/2.31/32 November-January. buyers at 1/3 for Cash.

f

U. S. DOLLARS Small sellers at 23.9/16, buyers at 23.5/8, for Cash.

SHANGHAI DOLLARS Some business was done in the morning at 307.1/2. market closed at 1 pm sellers at 397, buyers at 398:

The Ministry was now making Inquiries from Japan and America for the purchase of a second-hand trawler.

OCCUPIED BY MILITARY

Mr. E R. Freeman inquired why it was necessary to get a permit" to inspect the Fisheries Building.

Mr. G. 8. Wodeman said that that building was occupied by the military and a permit had to be obtained to inspect it.

Mr. Bandaranlake said that it was not possible for him to get on with the shéries work until the early building was handed 'back to him

Thẹ

Mr. H. W. Amarasuriya asked with when a new small towns ordinance

would be brought up.

SHANGHAI MARKET

Mr. Bandaranaike replied that Sterling were quoted at 3.3/4 at under the existing Village Com- the opening and U. 8. Dollars mittees Ordinance they had the 5.7/8 both sellers for Spot. At power to take over Sanitary Board the close at Noon Sterling were towns, and convert them into quoted at 9.49/64 for U. 8. Dollars Urban Councils, He did not think at 5.29/32 sellers for Spot,

there was any need. for a new small towns ordinance.

AFTERNOON MARKET

The market was quiet in the afternoon. No business was re- ported.

STERLING

There were sellers at

1/2.31/32

November/January, buyers at 1/3 tor Cash.

US DOLLARS

H.K. STOCK EXCHANGE

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

SHARYBROKERS' ASSOCIATION

امدا Tom

***

$1275 £79 £30

*£951 £102

"

Chairman

The thread could be woven into triet governments to promote ex-Borneo and the Mandate of Pales- cloth which could be used as tensive cultivation this winter- suitings. bed sheets, etc.. The Eri (Centra News).

cloth was extremely durable and was used widely iri Assam, where the Castor industry was well or- ganized.

BLACK SAND

After referring to the possibl ties of developing the hide indus-, 20 ct try. Mr. Hockly referred to the

Anyer Bellera Bales Nomla!

TUESDAY Egrer

19 NOV.

Banks

Bellera Baker

#1285

81276

II.K. Banks

£72.

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

£60

Do. (Lon. Reg.) ....

£7

Chartered Banks......

220

Mercantile Bks. "A".

£10 1/16

Marcantile Rka. “C”.

873

Bank of East Asia..... $73 N. C. & 8. Banks..

Insurances

$185

8390

$1

Canton Insurances.. Union Insurances....... Underwriteta

$185

$590

80 ct

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

$150

Shipping

$135

$17

Dougianos Steamboats

$135

**

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

$100

$80 Indo-Chinas (Def.)

$100

37/6

Shell

37/6

$6.90 Waterbosta

$6.90

800

$4.60

$18.40

819

·8341

14/0

Providents

$4.60

€16.40

$18 $35

H.K. Docks (New).....

!14/0

Although one or two stocks have registered moderate gains, buyers are not encouraging these ad-

$31

$3.40

$3.48

97.10

There were sellers at 23.0/16 vances and would appear to have for Cash: buyers at 23.5/8 for temporally withdrawn their en-

Cash,

SHANGHAI DOLLARS Small transaction was arranged at 398. The market closed with sellers at 397.1/2 for Spot, buyers at 398.1/2

SHANGHAI MARKET Sterling at 3.3/4 and and-U. 8. Dollars at 5.29/32, both sellers for Spot.

Calcutta Exchange

Calcutta, Nov. 18 (Reuter). T., on Japan. 81-1/4.

Shanghai Exchange

Shanghai, Nov. 19 (Reuter).

Official T.T. Rates

"London

New York

Japan

India

Hongkong

Sterling

Opening

0/3-11/18

5-3/4 24-3/8

20-3/8 N

24-1/2

Rellers

Opening Closing

0/3-3/4 0/3-3/4

quiries..

BUYERS

FK Banks, $1,265. "

Bank of East Asia, $73.

Union Ins.. $390.

Lands, $31.

Humphreys. $7.10

China Lights (0), $6.90. Ropes, $6.40.

Dairy Farms. $17.50.

Entertainments, $6.85.

BELLERS

Docks, Wharves, Godowns, etc...

1890.K. & K. Wharves..

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

+Bhanghai Docks...

Mining

Kailans......

Raubs

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

Lands. Hotels and Buildings

B.K. & S. Hotels..... H.K. Landa.............. $100 Do. 4% Debentures.... $11.20 Shanghai Loads..

H.K. Roallies..

flumphreys

$100 Chinese Estates....................

$31

...

Cotton Mills

$45

Ewo (8.).......

$165

S'hai Cottons (8.)...

Zoong Sings (8.)

Wing On Textiles (8.)

Public. Utlilties

$16 H.K. Tramway.......

$7.40 Peak Tramp (old).... $3.70 Peak Trams (new)........ 367

Star Ferries.................

܂

$3.35

ཝ :རྩྲི་

$31

$100

13.45

$45

“អ៊ូរុនឌ

$7.10 $3.70

$22 'mati Farrios.......

$57 $22

Telephones (0), $24.50. Ropes, $8.70. Watsons, $9.75.

$8.90

Chits Lights (0)......

$6.90

$8.50 China Lights (New)...

$38

R, K, Fleetrica" Oldi... $374

$38

$37) |H. K. Mimetrica(Now)........ [187] #171

SALES

Macao Electrics (Old)

Sandakan Lights....................

HK, Banks, $127b. ・・ Union Ins., $395. Realties, $3.45. China Lights (0), 37 Electrics (0), $38. Cements, $16.05/75. Ropes, $6.60.

Lane Crawfords, $9.

Wni. Powells, $1,

HONGKONG

SHAREBROKERS

$12 XD.

$24

白菜

--10:40-$6.70

rvi

$16Macho Electrics (New)}

Telephones (old)......................

Telephones (new).....

S'pore Tractions (Ord.) Industrials

$14.90) Cald., Macg. (Ord.) B. Cald, Macg. (Prof.)S.

Cements

-HE-BopeR-VITRINGENTA

H.K. Gort, Loans

50 ́ata.

b

soap industry, which Lord Lever- halme had established.

of it on her shares... Why has not · advantage of this taken?"

tine

The others will be exported to Greece. China, Indo-China, the Netherland East Indies and the then Philippine Island, been

The plant is now at work, for the grater part in the English considerable important

this

Similarly neglected. Mr. Hockis Midlands, said were Ceylon's deposits of output. It has an Kaolin, or China Clay.

bearing on Britain's food supply Passing on t deposits of lives which might suffer from lack of Band found in Ceylon, Mr. Hockly tools for agriculture; indeed, after Continuing he said that the said that the quality was as good 30 months of the last war the black sand one saw lying along as that found in Fontainebleau, dearth of tools in. Nyasaland be- Ceylon's beaches was Imenite,, in France, which was reputed to came so acute that the Govern- that their and this, after treatment, was have the finest sliver sand in the ment made an order

take prece- should used by paint manufacturers.

world The manufacture of glass manufacture

"It is quite a lucrative industry, from alver sand should be cons- dence over war work already un- I understand. Ceylon has no lack ❘dered, he said.

dertaken

$100

$125

$9.90

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 TO BUY

WE PAY HIGH PRICES

for all gold and sliver articles. gold bars, diamonds and Jewels. Apply China Gold Refining Co. Pedder Building, 2nd floor, Rootn 6.

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

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

Buid particulars of address, etc.,

to Box 502, HKD.P.

"WE" have an outstand- $1.85 ing assortment of latest American dresses for all occasions and price to suit all purses. Call at "Vanity Shop" (Lazarus) Pedder Street...

$2.20

Experienced Book-keeper Wants Students to form a class. Guaran- tee students to keep a whole set of books after completion of a course of 6 months. For Term and Par ticulara. Please. Apply to:-Box No, o/a HKDP.

If Charges collected, 82.00.

HOTELS

RUSSIAN CUISINE

MORE POPULAR · EVERY DAY

METROPOLE HOTEL

TAILOR

LAM SHIV SHEK 334, Nathan Road, Kowloon, Tel: 57712; Guaranteed delivery 1 suit

in 24 hours notice and & hours for a pair of trousers,

Just Received Stanley Gibbons Postage Stamp Catalogues

for

1941

Whole World.

Part 1 British Empire Part II Foreign Countries Simplified.

GRACA & CO. Dealers in Postage Stamps, Flowers, and Vegetable Seeds.

Picture, BookL. ·

TEA DANCES Tuesdays

Thursdays

Saturdays

Sundays

to 7.30 p.m.

ENGRAVERS

FEI FEI & CO. Photo Engravers *

18, Cochrane Street Telephone No. 22224.

AUCTIONEERS

GALATEST COLLLE FION OF BARGAINS IN TOWN! at LAMMERTS AUCHON BOON Lamdourt, far then. 2. Cota, Mi... ht Rod CoDA D Telepirne No. Zumbi

Jimmy's

BUTTERICK

Expert Ladies" Tabor, New Style Ready Made Breses FOR SALE Hongkong. 18, Wyndham Stanet,

No. 10 Wyndham Street Established 1890.

Tel: 28834

824h

!

$161

$6.60

$12

91

Canton Ico...

$16 $18

398

14% Loan

98/

$34 31%

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

$35

$17.50 $6.86

$7

ASSOCIATION | #17)

Volume of Business Trazisacted on Tuesday, Nov. 18, 1940.

SALES

Spot

Nov.

0/3-3/4 0/3-3/4

*Dec.

0/3:47/64 0/3-47/64

US. Dollars

Spot

$5-7/8

$5-29/32

H.K. Banks

Nov.

5-7/8

5-29/32

Dec.

5-7/8 - 5-7/8

HK Tramways

5 $1,275.00 HK. Docks (0) 1.000 - 16.50

100 H.K. Electrica (0)

Market:-Quet.

Silver Duty Eate

The Central Bank of China's HK Wharves

rate on London at 10 a.m. today Win, Powells

The Equalization rate was 221

- was' 1/2-1/24.

per 'cent.

$6.16

194 31%

Miscellaneous

Dairy Farms.... Entertainmenta

$1.60 Constructions (old)... #1 Constructions (new)... $7.45 Lane Crawfords...

Nanyang Tobacco......$3.20 $2.15 Sinceren

Watsons ....

35. Ch. G.5% 192503Bda

ILK, Wing On

S'hai Wing Un,

Vibro Piling

$91

38.00

100

16.50

$30

50

16.50

·

54

400

89,50 1.00

7/8

3/8

Marsmans Inv. (H.K.)

$2

Wm. Powells......

Bale to Bhanghai

1,709

The total value le. $34,383.00.

Matemans Inv. (Lon.)

***

$9.85

35%

$39

$14

The