1941-02-22 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

LATEST ERSATZ PRODUCTION

Tulip "Coffee" For Dutch Population

EXPORTERS H H.K: STOCK

DELIVER WOOLLENS

EXCHANGE

Owing to a great extent to the fact that the attention or the gen- eral public was focussed on the An- A plan for the dispersion of Bri-nual Racing Carnival, the week tain's woollen and worsted mills, under review was one of the quiet- and for sharing work upon export est we have had for some time LONDON, Feb. 21 (Reuter› orders, has been so successful that past and the volume of trading in one month $3,419,598 worth of lower than usual, but prices gener- woollen and worsted yarns and ally were fairly well maintained. Frij Nederland. manufactures have been shipped The only change was in Trams

published overseas,

which gave way slightly, whilst The most up-to-date of these Loans, Unions and Fires recovered

Tulip coffee is the latest Nazi ersatz speciality.

to

According free. Dutch newspaper in London, Dutch bulb-growers

ام

are exceedingly busy because the mits are now hidden far away a little bit.

Germans are using about 5,000 tons of bulbs to maku "coffee" for Dutch consumption.

the hills. If, by the odd chance, an enemy bomber does make a hit on one of them the work being done The bulbs, with the exception in the mill is by a mutual scheme of hyacinths and narcisst, which of work instantly transferred, to apparently have a poisonous con- another.

tent, are cut into small pieces The result is to be noted not only and roasted to correct colour.

in the colossal woollen exports for chicory is added and it is icuna

the month but in the actual ar- that further addition of A small

rivals of these exported goods. quantity of pure coffee makes the There is no country with which the concoction taste better,

British woollen trade has closer re- lations than the Agrentine. One- tenth of the vast British export

Indo-China To Control trade in woollen tissues is dore

Rubber Exports

TOKYO, Feb. 21 (Reuter)--Tht Governor-General of Indo-China

with the Argentine.

has issued regulations controling #

LONDON GOLD

"

London, Feb. 20 (Renter).

the export of rubber, according to Bar Gold. Fine per az... 168/-

A semi-ofletul Japanese report.

Under the new regulations. the

part,

Governor-General will establish a the Government will take rubber exporting administration, and all rubber exports will be made in which representatives of the through this administration, the four largest rubber plantations and report declares,

HONGKONG

SHARE QUOTATIONS

SHAREBROKERS' ASSOCIATION

BUSINESS DONE DURING THE WEEK,

H.K. Banks, $1400.. Union Ins., 3411, 412. Providents, $6.01, $5.95, $51. Hotels, $34

Lands. $341, $34. Trama, $171, $17.20, $174. Star, Ferries, $574, $57. Lights (0), $5.15, $8.15. Electrics (0), 39): Rectrics (N), $391, Telephones (O), $244, Cements, $17.90, 3171, $174.

Dairy Farms, $18".

Watsons, $11, $10.95. Sandakan Lights, $12.

ELK. Govt. 4% Loan, 97. Cts. H.K. Govt. 3% Loan, (1934), 95

95 Ct

Cts

BUYERS

FINANCE & GENERAL

WEEKLY RETURNS AND REPORTS

BANK OF ENGLAND'

SATURDAY, FEBRUARY 22, 1941. -PAGE 9°

LONDON, Feb. 20 Reuter).

Public Deposita Other Deposita:--

Bankers

Other Accounts Total

Total Bullion

Feb. 13

Feb. 20

(000's Omitted)

£

23,940

£

31,700

110,630

100,470

55,170

52,970

165,800

155,810

Government Securities

154,880

163.140

Other Securities:-

Discounts and Advances Securities

3.710

3,790

19,810

19,670

Total

33.520

23,460

Notes and Colna

29,350

30,040

1,380

1,520

602,030

601,460

Ratio of Reserve to Liabilities Price of Gold at which baldings are valued.. 168/-

15.45%

16.00%

168/-

FEDERAL RESERVE SYSTEM

NEW YORK. Feb, 20 (Reuter).

Feb. 15 (1940)"

Bills Bought ..

U.8 Securities held

Federal Reserve Ratio

$

2,477,000 87.50%

$

Federal Reserve Credit Outstanding. 2,530,000 Monetary Gold Stocks

16,063,000

Industrial" Advancos

20,434,000

2,184,000 91.00% +2,260,000 22,130,000 7,877,000

2,184,000 91.11%

3,235,000

22,140,000. 7,854,000

Notes in circulation

Food Control Parley In Chungking

Feb. 13

(000's Qualtted)

Feb. 20

AID BRITAIN

BILL DEBATE

EVERYBODY'S

Favourite

"BLACK&WHITE"

LONDON. METÀLS EXCHANGE

Tin,

Londen, Feb. 20 (Reuter).

Standard, Cash, Middle

WASHINGTON, Feb. 20 (Reuter) -Enactment of the Aid for Bil-Price, £279-1/4 tain Bill would mean intervention

CHUNGKING, Feb. 20 (Reuter) in the European conflict, sald

Senator Bailey (North -The national food conference

Caroline Democrat) at the third day's de- opened this morning under the

HR. Govt. 34% Loun (1934) 94.25 chairmanship of the Vice-Minister bate on the Bill in the Senate.. of Communications, conurrently

He continued: "I hope that this director of the National Food intervention may not mean war Control Board.

but if it does, I am ready for it".

Union Ins... $411.

Providents, $5.75.

Lands 4% Debentures, $17.50 Lights, $8.10,"

Electrics (O), $39.50.

SELLERS

Tin, Standard, 3 months. Middle Price, £275-1/4.

Market very strong.

SILVER MARKET

%

LONDON STOCK

EXCHANGE

LONDON, Feb. 21 (Reuter) Out-edged securities advanced on the London Stock Exchange yes- terday..on fait buying and Kaffirs on Cape and local support, while there was some demand for Indian loans, but elsewhere conditions were mostly quiet.

Industrials

were inclined to be dull, with textiles heavy and home rails eased appreciably on profit- taking, but oils improved.

Among foreign issues- Argentines tended to be

LONDON, SILVER Of the total of 18 provinces, 15 He declared that the Bill, would

London, Feb. 20 (Reuter). have arleady sent representatives. give the United States a better

Silver-Market very quiet. Buy- Dr. H. H. Kung. Minister of chance for ultimate deliverance ers

Brazilians satisfied. In the afternoon, j and Finance, was scheduled to address from the totalitarian world revo-the market was very quiet with no easlet.

business.

HK Govt 33% Loan (1934), 93 the delegates this morning.

STOCK EXCHANGE,

Buyers

Ballens Balca

Nomiga!

FRIDAY

Cts. Hotels, $3.60.

Buyer Heller S

tina

21 FEB.

SALER

Banks

Union Ins; $412.50..

C.D.

$1350

Providents. $5.75"

Do. (Col. Reg.)

I.D.

£76

Landa, $33.75.

£71

Do. (Lon. Reg.)

71 £74

Trams, $17.60.

£71

Chartered Banks ......

£71

£23

Mercantile Bks, "A".

Electrica (O), $38.25/40.

£93

£11

Electrics (N); $39.50...

378

$76

2411

C.D. $1400 H.K. Banks

I.D. 876

Mercantile Bka, "C".

Bank of East Asia.....

N. C. & S. Banka..

Insurances

$215 Canton Insurances..............

$4121

81

$170

::

251

Union Insurances...................

Underwriters

II.K. Fires..............

Shipping

$135 Douglases

39

Steambouts.....

$160 Indo-Chinas (Prof.)

Indo-Chinas (Det.)

700

40/

Shells

$7

Waterbosts

Docks, Wharves, Godowns, etc.

$98- H.K. & K. Wharves...

Providents............*****

$17.80 H.K. Docks (Old).. $17 H.K. Docks (New). 327+Shanghai Docka....

Mining

18/0 Kailang

Haube

i cta. Hong Kong Mines..

Lands, Hotels. and Buildings

$3.80 $34

1971

83.45

$7.05

$96

::

198

86

0172 | $174

841

M.K. & 8. Hotal...... R.K. Lands.......... Do. 4% Debentpres.

Shanghai Lands........ B.K. Realties.

Humphrey........

Chinese Eata 3.......

Cotton Mills

Evo (5.)

$205 S'haj Cotions (S.)...

Zoong Bings (8.).....

Wing On Textiles (8.

Public Utilities

H.K. Tramwayz...........

Peak Trama (old)...

Peak Trap

::

1.

Jution.

Reviewing the causes for the Senator Connally Texas. Bri- rise of food prices, the TAKUNG-other Democrat, had opened the PAO gives the following causes: debate by observing that the Firstly, hoarding by speculators, world's democracies "must all Secondly, smuggling into enemy hand together or they will hang octupled areas as the result of separately."... high prices offered by the Jap- anese,

He predicted that an attempt would be made to invade North LARGE-SCALE PURCHASES

and South America if the Axis Thirdly, large-scale purchases of Powers were victorious in Europe. The Hongkong Mectric Co., have foodstuffs at harvest time by the

15 ct. made a preliminary announcement Provinces which experience food

of a finai dividend of $1.20 on the shortage and by certain offices and old share issue and a dividend of Army," and

It is fur- Fourthly, higher labour wages to increase the and transportation dimculties.

$215

$411

$1.10 on the new issue.

80 et

$170

ther

proposed

$125

381

capital, this will be in the form of The newspaper declares

a bonus issue

of one share for every three and a further issue of $10 one share at per ($10 each) for 360

every three shares.

40/71

个

$98

$61

.:

All these new shares will rank for dividend as from 1st July, next.

$17.8 HONGKONG

$17.20

$27+

38/0

$8

SHAREBROKERS'

ASSOCIATION

Volume of Business Transacted, on Friday, Feb. 21, 1941. SALES

food control is already enforced in Che- klang, Fukien and Kwangtung,

In Cheklang, the daily reports. food is distributed according to In the population in a district. Fukien, measures simlar to those adopted in Szechuan are enforced, the province divided into "supply" and "demand" districts.

Those experiencing food short- age are allowed to by food from the surplus areas.

Kwangtung always experienced

Spot, 23-3/8a. - Forward, 23-5/164.

BOMBAY SILVER Bombay, Feb. 20 (Reuter). Market Quiet, Otitake 100 bars.

Indian Mint Silver

Ready

Mar, 24 Settlement

April 22 Settlement

43-00 62-14 62-13

Wall Street was quietly firtu.

BROKERS LOANS

New York, Feb. 20 (Reuter). Loans on securities to biokers in New York:-

# WK-ended Wk-ended· Wk-ended 16/2/40 . 13/2/41 20/2/41 $485,000,000 $287,000,000 $282,000,000

PRE-PAID ADVERTISEMENTS..

• The following classes of advertisements are charged at the price given below c SITUATIONS VACANT. HOUSES AND APARTMENTS WANTED.

18

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.

WANTED TO BUY

WE PAY HIGH PRICES food shortage, and therefore, the for all goid and silver articles, provincial authorities undertake

gold bars, diamonds and jewels.

to purchase food from other pro- Apply China Gold Refining Co. vinces, then apportion the sup- Pedder Building, 2nd floor, Room 6.

$ 17,50 plies to the districts according to

39.25 requirements.

166 41.00

TRANSPORTATION PROBLEMS

HK. Docks (0)

100

$3.80

833)

$331

H.K. Hectries (O)

200

100

397

150

#31

46

39.50 In Hunan, the authorities have 40.00 reduced the price of rice from 330 41.00 per picul to $15.

$7.10

233 $1,00

100 41.25

H.K. Electries (N)

400

$41

30.25 775 39,50

$206

$115 HK. Tramways

#17)

$3.40 Star Ferries

$3

Union Ins.

100. 50 65

17.60 56.50 412,50

$67

2,395

$1.80

$391

$39!

$241

China Lights (0)....... { $8.10

83

(new)...

$57

Star Ferries..

$24

Y'mati Ferries.....

86.20

$1.07

China Lights (New)..

H. K. Electrics (jold)...

$171

$95

+++

H. K. Electica(New)

Macao Electrice (Old)

816) Macao Electrics (New)

$12

Sandakan Lightë.......

824 Telephones fold)......

$10.20 Telephones (new)......

S'pore Tractions (Ord.)

Industrials

$30

Cald., Macg. (Ord.) &

$25

Cald., Macg. (Pref.)S

$1

Canton Ices.......

817

Cements, pi

#8)

H.K. Eoper

$97

4% Loan

(1940).

Entertainmente v

$1

#71

Lane Crawfords....

TH

HK. Gort. Loans

37% "# 31%

(1934)

Miscellaneous

$19.20 Dairy Farms.....

87

$1.80 Constructions (old)..

Constructleną“ (now);z-

Nanyang Tobaco

$2.15 Sinceren

$10.95 Watson08

49/47 Ch. G.6% 1025G$Bds

839

H.K. Wing On

S'hai Wing Un

$7.70 Viuro Piling

-

6/3 Maramans Inv, (Lon.

2/6

Maramana Inv. (HK

$1.00 Wm. Powell.........

China Lights(Right)

+Bale to Bhanghai

!!:

!!!

94

$10

...+

300 17.60

Chungking Feb. 20 (Reuter)--- Particular attent.on is paid by the 300 17.80 United States Economie Mission to

The total value is $102,540,00.

GIFT TO EMPIRE WAR EFFORT LONDON, Feb. 21 (Reuter) Malaya's latest contribution the

War Empire's

effort is

free

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

WE PAY HIGH PRICES for all China to the transportation pro-gold and sliver articles. Jade blems, it is learned from reliable diamonds, jewels, watches, foun- (sources,

tain pens. Apply Far East Dia- The United States is reported to mond and Gold Refining Ca. be prepared to give China financial Room 621, China Building, 8th and material assistance and large floor. quantities of medicines, supplies and arms will be forthcoming, but

the most important problem will

how these materials can be speedi-

*

ly transported into the interior.

WANTED KNOWN

Why not learn all the Fancy Efficient and centralised trans- latest Stitches for your dresses toportation administration 18 the and Sweaters.

a

main problem at present confront- JOIN THE KNITTING CLASS gift of £450,000 raised by ing the Chinese and American au- AT $3.00 per month (Tvice a week

Ta eta war taxation and additional cus-thorities, it is pointed nut.

17 toms duties from September to

lesson). Please apply to Box No. 664 0/0 HK.D.F.

December 1940.

97%

Lord Moyne, Secretary of State for the Colonies, has

Conservancy Work

gratefully

$96

acknowledged the glft.

In Chengtu

$19

ORDERS TAKEN for hand-made sweaters, Ladies' jumpers. Bables" CHENGTU, Feb. 21 (Central)outats, etc., at $5.00 each for

Laughlin Currie and Mr. Workmanship.

The prohibition of home sales of De..

Wool and model desired, to be 1.85 silk hostéry applies to all knitted, Emile Despres Went yesterday

netted or crocheted apparel and morning to Kuanhalen, northwest supplied by customer.

Send particulars of address, etc.. shaped material wholly or partly of Chengtu, where they inspected

to Box 602, H.K.DP. water conservancy work. They returned to Chengti Immediately ufter the inspection and attended

$7.10

#7}

$3,80

made of silk,

$2.10

$10.95

30%

الروم

$30

$14

13

HOTELS

FOR JADED APPETITES!

REAL RUSSIAN FOOD

Tiffin $1.20 .

Dinner $1,50

METROPOLE HOTEL

PACKING CONTRACTOR

Any Kind of Articles will be Packed Carefully and Perfectly at Reasonable Charges Order will be Secured Promptly

TOMINFAI TELEPHONË 23237, 25827.

YING LEE CO.

FEST CAMPHORWOOD, TRUNKS NO. 8, QUEEN'S ROAD EAST, WANCHAL

TAILOR LAM SHIU SHEK 334, Nathan Road, Kowloon, Tel. 57712. Guaranteed delivery. 1 sult

In 24 hours notice and 6 hours for a pair of trousers.

ENGRAVERS

FEI FEI & CO. Photo Engravere 18; Cochrane Street. Telephone No. 22224.

AUCTIONEERS

GREATEST COLLECTION OF BARGAINS IN TOWN!

at

Constraction of a high-powered at noon.a luncheon ́ party given Experienced Book-keeper Wants Canadian short-wave broadcasting in their honour by the Chinese- Students to form a class. Quaran- $8 station. for carrying Canadian American Institute of Cultural tee students to keep a whole set of news and views to the far corners Relations and the Sino-British books after completion of a course $1.90 of the earth, is under considera-Cultural Association.

of 6 months. For Term and Par-Lammert, Bretuman 15 Ai ka daga Clovern- In the afternoon they flew back ticulars. Flease Apply to:-Box

Họ Chungring.

No. 463 4/0 HKDP

B

tion by the Dominion

ment

LAALMEETS AUCHION BOOM

Hood Quatan. Telepon - No. 29224.

TEA DANCE

DAILY

EXCEPT MONDAYS 5 to 7.30 PM.

Jimmy's

BUTTERICK

Expert Ladies' Tailor

New Style Ready Made Dresses, Overcoats" and Costumes FOR SALE

16, Wyndham Street.

Tel. 23615

For Sale Hong Kong Centenary Envelopes

With Views of Hongkong in

1841 and 1941

for

First Day Issue of

Centenary Stamps

at $1.00 per doz. Envelopes

GRACA & CO. Dealers in Postage Stamps, Garden Seeds, Picture Books, ete."

No. 10 Wyndham Street. Established "1808.

Hongkong