HONGKONG DAILY PRESS
Finance and Commerce
LIPING RECLAMATION
CENTRE IN SHENSI
The Liping Reclamation Centre southwest Shenst near the north Szechwan border has been carrying on smoothly since its establish- ment in March last year, according to 'Mr. An Chleh-san, director of the burcan administering the Centre who arrived in Chungking on an official mission a few days ago.
For 20 years notorious bandit habitants to cultivate medicinal Infested area, the Centre, now herbs and produce lacquer" and to maintained in peace and order, has make capital investments for the an area of 20,000 square Chinese | exploitation of the sulphate and d and is endowed with beautiful|fron mines.—(Centra; News), scenery and agreeable climate.
H.K. STOCK
EXCHANGE
The turnover for the week was on a moderate scale, and though quietness prevalled the undertone remained steady.
BUSINESS DONE DURING· THE WEEK.
H.A. Banks. $1875. $1390, $1380,
$1385, $1350. Wharves $95.
►
FINANCE & GENERAL
U.S. TRADE COMMISSIONER IN P.I. SEES BASIS FOR 1941 · BUSINESS RECOVERY
Provided there is no extension of warfare and the United
·States ·remains neutral. “It is possible to suggest" that the worst of the war's effects are part and there is some basis for hope that the coming year wil witness a measure of recovery."- Paul P. Steintorf. American trade commissioner, in the P. I. recently, according to the Manila Bulletin.
"The ex'sting chaotic world con- ing from the European war neces ditions make it impossible to offer sitated drastic readjustments in any definite predictions concern- Philippine economy and adversely Ing the coming year," he pointea Influenced nearly every aspect of out
Access business activity.
to & FAVOURABLE FACTORS
large number of markets was "cut off or markedly curtailed, while "There are a number of favour- Docks (O), $18.80, $15 70, $18.60,able factors in the present altua materials had to be found. Trans- new sourceS of many imported
Docks (N), $18.
tion, including the fact that
portation COSTA advanced very Providents, $5.70. $5.85.
Philippine economy has been fair sharply, with consequent substan ly well adjusted to war conditions tial increases in lont prices and the country is in a position imported commodities to take full advantage of any im- provement in world conditions
The uncultivated land there ITALY'S FINANCIAL Hotels, $3.55, $31.
measures about 30,000 mow capable 9f accommodating about 20,000 people. At present there are more than 500 refugees doing reclama tion work there besides over 1,000
natives.
SITUATION ·
ZURICH, Jan. 10 (Reuter)-Only 40 per cent. of the year's expendi- ture will be covered by revenue under the Italian budget, accord- The land is distributed according to the newspaper Stampa. ing to the number of households Revenue during the next finan- each of which is allotëd an average clal year is estimated at 29 mi1- of 30 mow, The refugees are pro- llards Ure.
vided by the Bureau with free For the previous five years, de- clothings, food, Ilving quarters. ficits aggregated B0 milliards Ure cattle, farming implements, seeds and funds for subsidiary business.
PRODUCES LUMBER Besides mineral products includ ing gold, silver, iron, coal and sulphate, the Centre produces ium ber, medicinal herbs, lacquer, rice. wheat, soya bears and corn..
BIG CUT IN EIRE
PETROL RATION
DUBLIN. Jan. 10 (Reuter)-The petrol ration in Eire is to be re- ¡duced by 75 per cent. beginning today, states ar oficial announce- ment
iי
Under the Bureau, a wood mill, a charcoal factory and several other Supplementary allowances will plants have been established. Their be granted only in cases of essen- output has been marketed in large tal notional services" which must quantities in Hanchung and other be, maintained. districts.
" The price is fixed at 23. 24. per According to Mr. An, efforts are gallon in the Dublin zone and 2s. being made to encourage the in3d. in other parts of the country.
HONGKONG SHARE QUOTATIONS.
STOCK EXCHANGE,
$76
#202%
::
SHARYBROKERS' ASSOCIATION
Lands, $341. $34.80. Humphreys, $8.10. Realties, $3.85.
Trams. $17.90, $17.85, $17.90. China Lights X. Rts.. $6.55,- China Lights Rts., $1.15, $1.13,
$1.05, $1."
Electrics (0), $10.15, "$40). Telephones (O), $25). Cements. $18), $18.60, $18). Ropes, $8. $8.10. Dairy Farms, $19.
nf
"The outstanding feature of the
eight months of
1940
"Another favourable factor a year was the extremely sharp de- that the very heavy stocks of im-cline in prices of the major $1.ported merchandise have been Philippine commodities. Prices fairly well cleared off and current moved downward steadily during stocks are approximately norma the first and in most cases have been but have subsequently recovered bought at very favourable prices slightly. Another favourable factor is that financial conditions are generally
INDEX OF PRICES
"A simple index of the prices
SATURDAY, JANUARY 11, 1941.—PAGE
Satisfied ? Quite!
IT'S
"BLACK
WHITE"
NO TWO WAYS ABOUT IT,
IT'S THE SCOTCH.
Watsons, $11. $11, $11.35, $11.30. sound and satisfactory, the only for the four major Philippine WEEKLY RETURNS AND REPORTS H.K. Govt, 31% Loan (1934), 94!jadverse reatures being rather ev products, namely, copra, sugar, cessive bank loans and very slow rice and abaca, for the first 11 collections
Buyers Bank of East Asia, $75 Canton Ins.. $202.50, Union Ins.. $405. HK Fire Ins., $165, Trams. $17.80.
Star Ferries. $61.
Yaumati Ferries, $24.25. Electrics "O" $40. Electrics "N" $39.65. Ropes, $8,
Watsons. $10.90. Entertainments, $7. Constructions "O" $1,65,"
Sellers
Trams, $17.90. Lights X. Rts. $6.35 Lights Rs. $1.03. Electrics (0), $40,40. Cements. $18.70, Watsons, $11.40. Vibro Piling. $7.70
Sales..
Lights Rts. 95/96 cta. Electrics (0) $40.40. Telephones (0), $40.40
HONGKONG
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted on Friday, Jan. 10, 1941,
Bayars
Beliers
SiNominal
FRIDAY 10 JAN.
Banks
Balleri Burer
Sarcina!
$1390 1.K. Banks
ERO
Do. Col. Reg.) ...
£781
Do. (Lon. Reg.)....
$1380 £82 £767
284
Chartered Banks ..............
227
Meresatile. Bt. "A"
£10
Mercantile Bks. "C".
£27 £10%
Bank of East Asia....
$75
N. C. & 8. Banka...
Insurances
13 ct.
Canton Insurance...........
$202
$405
$185
Union Insurances....
$400
8410
91
BQ et.
H.K. Firen.
$160
SALES
Shipping
$135
China Lights Rts.
8.91
$100 HK Docks (N)
600 $ 1,00 388 3,000. 150
.95
.85 18.00
45/71
$7
4.138
The total value is $8.513.60.
$94
85.80
318.00
$18
835
304
*
$31
54
$11
Underwriters
45/7
Shells
$7
$136 Douglases........
Steamboats
$100 Indo-China (Prof.)..
$80 Indo-Chinas (Del.)
Waterhosta
Docks, Wharves.
Godowns, etc.
H.K. & E. Wharvon.
$19.60 H.K. Docks (Old).....
$6.85 Providents
$18
H.K. Decks (New).....
$36
10,3
+Shanghai Docks...
Mining
Ksilang........
Rauba
cts, Hong Kong Mines....
Lands. Hotels and Buildings
H.K. & B. Hotel.....
$34.60 1.K. Lands..............
1100 Do. 4% Debentures....
13.40 Shanghai Lands......
$3 86.K. Realties.
$7.95 lampreys.
1100
Chinese Estaten.......
Colton Mills
$14 Ewo (8.)
$205 S'hai Cottons (8)...
$17.85/90
Zoong Bings (5.)...
Wing On Textiles (8.
Public Utilities
H.K. Tramwaya,
$7.40 Peak Trams (old)... $34 Peak Trams (new)..
Star Ferri
⠀
:
gདྡྷི༔3 ·g
months of 1940 shows a drop of DEFENCE PROGRAMME 16.4 per cent compared with the "The United States national de- corresponding period of 1939. The fence programme and the conse-average for the current period is quent increase in general economic only 9 per cent above the record was reached In 1934 activity should favourably affect low which' Philippine economy. Finally, prices and is some 21 per cent less than for the ten years. of most of the major Philippine the average products appear
to have reached 1930-1938, inclusive. "bottom and the future tendency "The consequent reduction in
should be upward.”
has purchasing power
affected
The trade commissioner pointed business in nearly all ilnes. to several · unfavourable influences Nevertheless, the aggregate volume namely:--
of trade for the chilent year has
י
1. Sales to Europe are certain been remarkably well maintained to be very markedly - curtalled in view of these extremely difi- regardless of war developments. cult conditions. Information se-
2. Conditions
nearay cured from many sources indicates Oriental countries are generally that the total volume for the year disturbed and In consequence will show a drop of only about 10 the outlook for trade is not en- per cent compared with 1939. couraging.
This comparatively favourable
3. Export taxes on shipments showing was made possible as of various Philippine products result of the prosperous conditions. to the United States will be im in the mining industry and the posed beginning. Jan 1, 1941, very substantial government ex- while United States quotas for penditures for public works and several other important comma- other purposes. dities will be lowered.
4. A very substantial redue- tion in government expenditures would appear to be highly prob- able
41
LOOKING BACK Looking back to We year 1940. Mr. Steintori says that, an out- standing feature of the vear s trade has been the very large [quantitative increase in shipments of neary al of the important Philippine commouities to the United States, which has com- pensated to a very substantial ex- LONDON, Jan. 10 (Reuter) - tent for tasses in shipments "to in the Stock Exchange yesterday Europe and other markets.
LONDON STOCK
EXCHANGE
"Foreign trade for, 1940 is ex-
the chief activity was again cou- fined to certain sections. Rails Pected to show very little decline
were strong on maintenance of
previous
Bankers
Other Accounts Total
£
BANK OF ENGLAND
LONDON, Jan. 9 (Thursday)
Jan. 1
IRD. (000's Onitted)
Publis Deposits Other Deposits:-
17,570
15.880
181,020
,130.320
52,870
-56,250
233,890
186,570
Government Securities
224,850
173,000
Other.. Securities:
Discounts and Advances
5.000
5,5%0
Securities
23,810
21,23)
Total
2010
26,750
Notes and Coins
18,200
20,590
Total Bullion
1,140
Notes in circulation
615,880
60.7%
Ratio of Reserve to Efabilities
Price of Gold at. which holdings are valued.. 158/-
FEDERAL RESERVE SYSTEM
NEW YORK, Jan 9 (Reuter).. Jan 4 (1940)
US. Securities held
1.040
$10,430
10.18
· 168/-
Jan. 2 (000% Omitted)
Jan. 9
Bills Bought ......
Federal Reserve Ratio
2,484,000 87.06%
Federal Reserve Credit 'Outstanding. 2,564,000 Monetary Gold Stocks Industrial Advances
2,184,000 +90.87% 2,274,000
2.184,000
91.00%
2,237,000
17,697,000 21,995,000 10,883,000 7,538,000
-22,034,000 7,713.000
PRE-PAID ADVERTISEMENTS.
The following classes of advertisements are, charged at the price given below 2--- 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 för THREE INSERTIONS.
WANTED TO BITY
WE PAY HIGH PRICES for all in volume compared with the pre-gold and silver articles. Jade, Provincial enquiry together with ious year," he said. The value of diamonds, jewels, watches, foun-
dividend total imports for 1940 is certain totain pens. Apply Far East Dia spéculative buying
be greater than in the
mond and Gold. Refining Co. Kafirs attracted a good deal of year, present information indicat-Room 621 China Bullding. 6th attention while Oils, after making ing an increase of about 20 per toor. further headway, finished under cent. However, the volume the best on profit-taking.
1940 will probably decline to some
$31
#34
hopes..
$100
$3.85
for
Ebsewhere, activity was quiet extent, since quantitative statistica WE PAY HIGH PRICES owing to attention being diverted for the
to the three above groups.
Glit. fairly
first 11 months show for all gold and silver articles, substantial
declines Ingold bars, diamonds and jewels. edged were inclined to ease. For nearly all of the more important Apply. China Gold Refining Co.
Pedder Building, 2nd floor, Room 6." elgn Bonds were quiet but Chinese commodities.
$7.95
#44
$196
$125
Loans were well supported.
$17.85
Wall Street was steady.
$7.40
$3+
sei
$241
Y'mati Ferrian....
$241
$6.60
Kta Chins Lights (0)....
XR
$39.85
$6.95
8401 $39.86
Clima Lights (New).
#404H, K. Electrics ('Ola
8174
H.B. Electrics New) Macao Electries (Old)
$16Macao Electrica (New)
11 Bandakan Lights...... 95 Telephones (öld).....
$10.20 Telephones (new)
I
S'pore. Tractions (Ord.) Industrials
$14.90 Cald., Macg. (Ord.) S.
$12
Cald., Maeg. (Prat)8
81:
Canton Ices....................
$181 Cermenta ......
H.K. Bopes
H.K. GÖL. "Loans
107) 4% LoaDI 904. 31%
(1934)
:
$264
$101
DRASTIC READJUSTMENTS "The chaotic conditions result-
N.E.I. TRADE RESTRICTIONS
HIT
JAPANESE IMPORTERS
TOKYO, Dec. 30-The Japan Times-Advertiser asserted today that the import control systems of the Netherlands East Indies. to be effective on Jan. 1, was causing consternation among Kobe and Osaka exporters because the regulations affict 17 of Japan's largest exports. "
The newspaper reported that 8. but interpret the action as a algn Azuma, chief of the information of flat refusal to co-operate with section of the Osaka foreign trade Japan in a worthy cause."
75 ots. bureau, had stated that the NEI $181restrictions were an "anfriendly
act toward, a friendly nation" de- signed to hindër Japanese products from entering NEI markets.
BENEFIT TO US.
LICENSING SYSTEM
1:
WE OFFER HIGH PRICES for any amount of gold articles, diamonds, silver, etc. No holidays. Apply Chins Building, Ith floor. Tel: 30727. Eurasia Gold Reining Co.
WANTED KNOWN
Why not learn all the Fancy latest Stitches for your dresses and Sweaters.
JOIN THE KNITTING" -CLASS AT $3.00 per month (Twice a week lesson). Please apply to Box No. 654. c/o HED.P.
for
The Times-Advertiser said the NEI import licensing system, will affect cement, electric bulbs; arti- ficial and chemical mineral soap, ORDERS TAKEN for hand-made general earthenware, glass pro- sweaters, Ladies' jumpers, Babies'
$5.00 each Azuma, according to the report, ducts, tooth brushes, cutlery, outfits, etc., at said the regulations were prob- paraffin of, shirt, lamps, hand-workmanship.
Wool and model desired, to be $1.85 ably instigated by British and kerchiefs, wrapping paper, tires,
of various descriptions, supplied by customer. sult in benefit to the United States agricultural products and processed Bend particulars of address, etc., beranse England was unable to derivatives of agricultural pro- to Box. 502 H.K.D.P. supply the Dutch markets.
$81
88%.
$94
804
31%
(1940). Miscellaneouis
$19,10
Dairy Farms.
$19.101/25
Entertainments
$7
$7
$1.95
Constructions (old)..
Constructions (new)..
Lane Crawforda...
371
Nanyang Tobacon. #31
$2,20
ducts.
$11.40
30%.
"It is particularly regrettable
$39
..$14
tude should be taken just when
$1090 $11.40)
$2.16 Sinceres
Watsons ...
49/47 Ch. G.5% 1925GBdo
#20
11.K. Wing On
8'hai Wing On
7/8 Marsmans Inv. (Lon.
$7,70
Vibro Piling...
2/8 Marsmans Inv. (HK.'|
$1.05
81.00 Wm. Powell........
China Lights(Bights)|00 cts.)
+Bale to Shanghai
American Interests which will re-
metala
that such an anti-Japanese atti BROKERS LOANS
New York, Jan.-9. (Reuter). Japan is calling upon the NET to Loans on securities to brokers in co-operate with Japan in estab- New York:--
Experienced Book-keeper Wants Students to form a class. Guaran tee students to keep a whole set of books after completion of a course,
11.90lishment of the "ro-prosperity Wk-ended Wk.-ended Wk-ended of 6 months, For Term and Par- sphere in the Far East," Azuma 4/1/40 2/1/41 9/1/41 ticulars Please Apply to:-Box. was quoted as saying, “I can not | $538,000,000 $410,000,000 $350,000,000, No. 467 R/o HR.NE
If Charges collected, $2.00.
HOTELS
FOR JADED APPETITES!
REAL RUSSIAN FOOD
Tiffin $1.00 1 Dinner $1.25
METROPOLE HOTEL
TOMINFAI
PACKING CONTRACTOR Any Kind Of Packing Promptly EXECUTED
GUARANTEES TO SHIP TO ALL PARTS OF THE WORLD
33237
TELEPHONE
25827
YING LEE Co. BEST CAMPHORWOOD TRUNKS NO. 8, QUEEN'S ROAD EAST, WANCHAI.
ENGRAVERS
FEI FEI & CO. Photo Engravers
16, Cothrane. Street, Telephone No. 27224.
AUCTIONEEER
BARGAINS IN TOWN!
a
LASIMERT'S AUCTION ROGM Lamineri, Hedan 2. (ENGUN
Telephon - No 266 24
Jimmy's
TEA DANCE DAILY
EXCEPT MONDAYS
5 to 7.30 P.M.
BUTTERICK
Expert Ladies. Tailor
New Style Ready Made: Dremes, Overcoats and Costumes FOR SALE.
{ 16, Wyndham Street.
TAILOR
Tel. 23615,
LAM SHIU SHEK
334, Nathan Road, "Kowloon, Tel: 57712: Guaranteed delivery 1 suit In 24 hours notice and 6 hours for a pair of trousers:
Help your Friend and his Hobby by giving POSTAGE STAMPS
for
his collection
and
SEEDS FOR, HIS GARDEN
We can supply the goods of- his and your want
~ GRACA. & CO.
Dealers in Postage Stamps, Garden Seeds, etc., etc. 10, Wyndham Street Established 1800;
Hongkong
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