1941-09-06 — Page 8

PAGE 10-HONGKONG DAILY PRESS

CHINESE SILK EXPORT

REVIEWED

<-

raw silk in America revives the hope Pussible shortage of of Chinese silk producers and exporters whe. despite war ditions, have tried to improve and increase Chinese silk produc

to find means to expert it tou a well as

The

Foreign Trade Commission spent $1,700.000 for the lat ter half of 1940 and the carlier half of 1941 on the Improve - ment of Szechwan silk and to stimulate production.

New Life Move- The Women's Advisory Committee of the ment Association under the direction of Madame Chiang Kai- shick maintains experimental stations in seven

west Szechwau

efties, with Loshan (Kiating) as centre, to introduce new strains and new methods of raising silkworms and controlling diseases Madamie's "Green Angels" working atong the silk-farmers have won the mist Ives another namr-"Silkworm Doctors" stitutions. too, have joined in the silk production campaign

الفن

China's Expert

FINANCE & GENERAL

Finance and Commerce

MONEY AND

EXCHANGE

CLOSING QUOTATIONS

SEPT WBER 5. 1941

London:--

Telegraphic

Transler 27-

Bank Bills, on demand 127 8 Credits 4 months' night

in Shanghai:-

other 112

On demand

4430

30 Singapore:-

Before tha 1,500,000

war

14

kilograms

wild

1

>

On demand Japan:--

52 3/4

were exported to Japan.

vach yeaY BestEy Americs, and

On demana

21.4

Telegraphic and demand

Transfefigg 5/8

}

Since the war

Frauen India---

Silk #SCU 10 leading exper! progna which declinee after 1929 as a ta sult of world depresston and Ja-

however the myda hey manor Litton packed up after

wid silk producers Shantung dies the Chinese keternment began to

war HTT Honan have become tecnico no provide funds and view, with

seal by xris

the where most of the output is seized Expert of Chi- to Improve by the Japanese League of Nayons,

dropped consider nes wild klik sericultur The outbreak of hos

the 1937 gare Tron Canly 1937 ad Shanghai 17: titles at

35,85M K 79.584 kilograms versely affected Chinese slik ex-

from grama in 1938, 31,498 kilograms in port whicha

elis fly Cam

Stuthefu Kinkad od northern 1931, and 29,306 knograms in 1940

Cheklang

year was

SUK $53 371,845

xport 111

'n New York: --

Bank Bills, or demand 24 |b;11 Credis, 60 days sight 26 5/8

Szechwan Grain Purchases: New Regulations Issued

and

farmers CHUNGKING. Sept. 5 (Central)-Szechwan's landlords will receive from the Government 70 per cent of the sales value of grains in Food Treasury Notes and 30 per cent. in cash, according to new regulations of the province for 1941. According to these regulations, for every pient (110 lbs of grains purchased by the Government, the seller gets $30 in legal tender and 7 10 picals worth of Food Treasury Notes issued Jointly by the Ministries of Food and Finance.

The premium

wheat, paid for and corn is only 7 10 and 8 10 of apicul respectively required from the producers or hoarders as equi valent to one plcul of other graing The payment of wheat

Coru purchased by the Government also based on the 32 per cent.

and 70 cash

Der cont

CANADIAN WHEAT

The tota is by far the largest amount Canadian wheat ever car

September 10 a afinal sea ried over from one crop yar

SATURDAY, SEPTEMBER 6, 1941.

HONGKONG SHARE QUOTATIONS

SBAREBROKERS- ASSOCIATION

FRIDAY

6 SEPT.

STOCK EXCHANGE,

Viday's Lant

Heller

Sulca

1 Bapt.

$1460|11.K.

END

+

(Cal. Reg.).

*

$1440

Banks

Banka .................

(Lon. Rag.) charted Bank

1234 Merenatile Bke. "A" P11 Mercantile ke, "O"

Huger

Baltere Raw,

$1400

£784

£9

£231

£1 276

Bank of East Asia.

NCB. Banks Insurances Canton Tourances $4326 aion Inearances

Underwriters

8230

8430

$1

$185

HK Fires

Shipping

8120

$10

Steamboats

896

*90

Indo Chie

$70

Indo Chines

Pref Jef

B901

Douglaser

51/104| Sheds

$6.55 Waterboats

$6.65 817817.80 pro

Docks, Wharvez. Godowns, etc.

1 K & K Whooses Pravident...

Korka ods HK Docks (New) Shanghai Docks

Kaitlans

$230

$432.150

76 eta

$186

$120

890

870

51/30

201

#901

26 06!

817.70 $17.86 70...

13/0

$314

13/0

871

Bauba

C.D. #78 $7

2 c

H King Miner

Lands. Hotels and

Buildings

83.70

$3.66

597D

45. Debenturen

$36.60

$97+

Shanghai Londe.

931

118 Realtion

$3

$7.16 $10K

$iumphreys

$7.15

X.D.

896

eae Estates

$43

Ùw 18.:

s

Jn Batavia:-

On demand

... 40 3:4

On Paris:

Jan le prospect of a

ther fature ai Chinese government

Bank Bilis, on demand Numa Credits 4 months' sight No. Saigon:-

LONDON, Sepi in Food Dominion Bureau Treasury Notes principles govern- Ottawa estimates ing the

erains purchase of general,

Treasury The issuance of FUC Notes which aim at strengthening | the Government's

fud grip on supply In Free China started

5 BWS T

in

of Statistics at

$92

that the totai

174

in "arry-over of Canadian wheat in all Canadian and US positions al July 31, 1941. amounted t. 480.083.- 691 bushels.

Or demand

106

L

On demand

497/

In Bangkok:--

148

Export of silk reeled trim Mens is also on the deelne the war As against the prewar

kilograms, of 600 0:0 karı 1940 + X)! - i^ 1

Bank Buying Rate Bar Bliver per ox.

Now. 23 1 2

the

amated

55,762 kilograms

Most of t wast

thal There is 55 per increase cent of the total exports of 3838,- though the

2k brogarume 265.705 1! WAS only $4,200,000 has launcard Jess than the 1933 figure of $57, develop wild slikt Kwelchow and 390,000 ga all-high in the years Yunnan immediately before the war

The Klangsu and

لون

to India and Egypt

Ju Manila:-

On demana ang-On Sterling Notes:- stare

Musi of the Chirse silk exports

through Shant hal

Market Report

41 100 of a pica)

having exceeded last The payment for quantities below the next.

year's recurd carry-over of 300.473, one Sheng

by volume is to be made entirely in 455 bushels by 179.610.226 bushels rash

The Ministry of Food has en- HONGKONG

of

SHAREBROKERS

ASSOCIATION

Back trusted the

of F Farmers China and the Szechwan Provit- cial Bank and their branches and agencies in different cities as re-

Volume of Business Transacted presentatives making payments

on Friday, Sept. 5. 1941. The twa for purchases of grains FROM ROZA BROS

SALES public announce unchanged banks must were Silver prices

sellers the

the China Lights (0) the yesterday, the quotations remain. the names

amount of purchases and the whit ing at 232 fur Ready and 23.

American payment in cash or in Food Trea- Forward

Len days. As. quoted at 34.3 4 for sury Notes every was

Silver was soon as sellers American

York quated at 34.3 4 Tor Spot

The London New

New 4021 2 rate was quoted at

4:3 York-London was quoted at

southern evacuation 58

northern Cheklang in the winter of 1937 1938 and the gati dishauilor following Jup-

of eupation

Nanking anexo

things. among other caused. drop of silk production and ex- port. In 1938, it represented only pass

peat la the natural outlet for of China, total ex- 4.4 per cent

7 16 An upward trend, however, slik producing provinces of Kiung porta

In the last few SiveE appeared in 1839 when sericulture su and Cheklang.

National Government Forward began to revive in the Tal Lake years. The

Export has been promoting sericulture to bash and in Szechwan

the southwest, especially Szechwazi was 13.9 per cent

and Yunnan, and exports its gro percentage Loral The the

Road iduels over

Burma Chu errased further to 14 In 1940

value at Chinese CIC.. increased

apertar Jarly volume decreased during the

that year

Although the

alik exports

period

171

17

CHEAP SILA WASTE White raw slik representa major portion of Chimese silk ex

followed by yellow ports slik, wild raw silk, and raw ak

Cheap ik waste! from douplons

2' W

LONDON STOCK EXCHANGE

(REUTER 8 SERVICE)

London, Sept. 1. The following quotations are the and excom strippings are export- middle prices at the close of the After the outbreak market in London. Ail quotations ed in quantity of the war. the export of raw silk are subject to confirmation and no recled trom douplans remained responsibility is assumed for errors

That in transmission, fairly stable in volume. white raw silk and re-rected white

!14

MARKET

Quiet

STERLING

There were seliers at 13 up 1

1:31:32 for 21 October, buyers Cash

Selling

1 16

U. S. DOLLARS

tw rale Merchants 25

The foregoing regulations be-1 come effective as tron September 1. 1941

H.K. Stock Exchange

The total value is $51,909.00.

LONDON METALS

EXCHANGE

London, Sept. 4 (Reuter)

Cash. Tin. Standard.

Friday, Sept. 5 SHANGHAI DOLLARS

Last week's comment on the Business done at 516 and 515.1 2

a 515 12. market was to the effect that dis- sellers were There

turbed political conditions in the buyer's at 517.

Far East were being disregarded, SHANGHAI MARKET

und this has been emphasised this Early advices re Open Market

Much liveliness has pre Price, buyers £256, sellers 250-1.4 ported sellers of Sterling at 2.55/64. week. Subsequent advices indicated sellers vailed in the more active stocks, sellers.

Tin, Standard, 3 Months, Middle J. S. Dollars transactions have been on a larger at 2.7-8 for Spot,

sellers buyers 259-1/4, early advices reported sellers at scale than for many weeks past Price,

an improvement £259-1/2. 4.13 16 and advices received to-accompanied by

Market barely steady wards p.m. reported sellers at in prices.

of news attracted 4.27.32 for Spot.

Mining

& 3. 17otels

$36.00 11 K Lands....

Cotton Mili

3308 Shai Cuttons (8)

Zoong Sings (8.). ...

Wing On Textiles 18

$1.86 China Lights (New)

89223.0 UK. Electrics X.R.(0) 921.76

8123Sandakan Lights

Telephones

$1

$43

$300

8125

$174

$90

::

Public Utilities

537 $8.50 :

17.30

H.K. Trammys

2.000

€ 50

#7

Peak Trains fold:

500

6.60

$3)

Peak Trame (new).

B3

3.55

861 Star Ferries.

549

(1988

have disposed of China Lights (N) their partions of the grains to the HK. Electrics (0) X.D Government agencies. they var

439

1.80

$231

I'mati

$231

86.65, Chine Laghts (9);

$0.00 $0.60

300

21 90

50

21 80

$180.86 321.901

$21

K..

with

the

exchange their sales tickets at the HK Electrics Ris twe banks for cash and Notes in accordance

200

11.25

$91.

Electrics: Ner)

#214

100

11 20

$11.20

$11 308

H.K.

Electric (s) $11.20

$11.30

$1

Macau Electrics

prescribed

200

11.2%

Mano

Mix Electrica

ratio

HK Tramways

/50 17.30

200

17.40

$91

Rid

524

100

17.40

89

Telephones (new)

894

300

17.40

Industrials

Корек

500

9 65

$45

Cald., Maog jord B.!

INA. Chemicals H.K.)

200

5 75

230

Cald, Macg (Prof i

Canton Tesa

75 eta.

5.762

$15.00/70 29.86/+5

Cements .....

$13.60

K. Ropse

89.65 ELG6

H.K. Govt. Loans

$101 4% Loan

8101

299

134%

$48

31%

(1934) (1940 Miscellaneous

$98

$19.15 Dairy Fartus.

$191

+++

$67

Entertainments

86 00

Middle

$1.00 Constractions (old).

21.85

80 cts. Constructions (naw)..

#6 45 Lane Crawfords...

$6.45

Nanyang Tobacco

25.60

82

Sinceras

$2.30

$110 Walyong

$11.90

842

Ch. G.5% 1925G 31da

28%

Third

$39

1.K. Wing On...

$42

S'hai Wing Da

$14

#7,20

Vibro Piling

6/3

Margmans Inv Lon

some

1/0

Marstons Inv

:I.K

sell at

814

Wm. Powells.

816

N.A. Chemicale (HK) 86.70

†Sale to Shanghai

$5.65

BANK

OF ENGLAND

Aug. 28

£14,860

£ 14,500

125,670

122,681

49,110

53,010

174,780

175,690

Government Securities

160,340

115,020

Other Securities:-

Discounts and Advances

6,300

7,090

Securities

15,610

20,830

Total

20,000

27,720

Notes and Coins Total Bullion

17,300

84,580

2,000

1,820

Notes in circulation

664,700

687,200

Ratio of Reserve to Liabilities. Price of Gold at which holdings

are vahted

9.12%

93.04%

108-

109/-

AFTERNOON MARKET

STERLING There were sellers at 1/3 up

al 1/3.1 32 October, buyers Cash.

£

1039 War the

Loan. 34% Red, alk increased steadily.

aller 1952) white raw silk figure being abut, five times that of 1937, and even Defence Loan, 3% the lean year 1940 nearly doubled Canto: Kloon Rly that of the first war year, while, Chinese 4 Gold Lona the 1939 re reeled white raw silk! 1898 (Brit. Issue)

gure was six times, and the 1940 Chinese 5%, Goid Bonds figure turer and half times that! 1925/47 of 1937

1058

1011

5%

13

47

45

Quiet

up in the next two years.

The export white raw silk dropped sharply Chinese 5%, Crisp Lean 1996 after

destruction o 1912 the Shanghai, Wush, Harichow. and chinese 5%, Reorg Loan

1913 (Ldn Is.) fluehow flatures. Production and

Ster. Notes export. however, gradually picked Chinese 82

1925 (Vickers)

Chin. 44 Anglo-French rilature i of steam

Loan, 1008

45

301

38

116.

10

and re-reeled

SIK 18

The same situation applies to Chin. Imperial Rly 5% yellow raw silk, as not re-reeled Loan

manufac Honan Rly. 5% 1905

$7

14

is

(LP. N/Y Issue)

15

19

π Ha!

13

12

tured by native silk tarmers while Hukuang Rly. 5%. 1911 alk reeled in steam fllatures produced in modern factories. Hukuang Rly. 5%, 1911

(German Issue) The war shifted silk processing to private homes rather than to 1ac Lung Tsing & tarles. As to wild raw silk, s Rly. 5%. 1913 produced mainly in Shantung and Rhai-N'king Rly 5%... Honar war areas, at present con- Tientsin-Pukow Rly. 5% trolled by the JapaneBE.

(Brit Stpd.)

Before the war, most of China's Tientsin Pukow Rly 6%

silk export went to Hongkong (for

(German Stpd.)

transhipment), the United States. Tientsin-Pukow Rly. 5%

France, and

then Japan,

Tinly.

(Brit. Stpd. Sup), Loan)

and the South Seas. Since the Tientsin-Pukow Rly, 5%

war, the majority of Chinese silk

(Ger. Stpd. Supl, Loan)

goes to the United States, France, Jap. 8% Ster. Loan, 1924 India, Burma, and England. A Ger. 7% Intl. Loan, 1924

S'hal Banking

portion gues to Japan from Chartered Bank Shanghai wl.ere the Japanese have H.K. & control over filatures in occupied areas. The

exports

Corp. (Ldn, Reg.) ........

of Chinese H.K. & S'hai Banking

s to different countries can be Corp. (Col. Reg.)

seen from table 1.

kinds

of silk have

Chinese Eng. & Mining.

(bearer)

A2

* 2 3 3 2 2 8 ⠀ ⠀ * * * * * * **** ⠀ ⠀ ⠀

111

Different their DWIL favourite markets. Chosen Corporation Walte slik is mainly exported to Mercantile Bank of In

dia, 25. "C" America, France, and Hongkong fmostly for re-export). About one Pekin Syndicate fourth of the annual total is senthal Elec, Constr. Co, to America, and one fifth to s'hal Waterworks "A" Franco, the post is divided among Union Insurance ......... England. India, Germany, Egypt, Gula Kalumpong Rubber Indo-China, and other countries. Lon, Mid. & Scot.. Rly. 10 Bince the war, most of the Chinese Great Western Rly... white silk goes to America, repre- National Bank of India senting two thirds of the total B-A. Tob. (bearer)

Dunlop Rubbar

white silk oxports,

India and Burma absorbed most Bristol Aeroplane

88/9

35/71

10/0

of the Chinese, yellow silk expert. Imperial Chemical Ind. 81/74 About half of the total went

the two tropical Asian countries. Woolworths

One fourth went to France and Marsman Investmenta

ane firth to America.

to United Steel

Bince the Western Holdings

France share.

goes to Burma, with India

tak!by

considerable

and Shell Tran

(begrer)

Trea.

* bla.

1 ex div.

war, half of the yellow silk export Sub-Nigel

23/0

67/9

143/D

The impetus has lost a little of liquidation

of

its strength at the close and in a buying smelters remained non-

but forward few directions the peak levels have sellers not been fully maintained, never-dealers were willing to totheless a comparison with last slightly cheaper rates. for week's closing quotations shows an

all round gain in values.

BUSINESS DONE DURING THE WEEK

C. S DOLLARS Selling rate to Merchants 25.

SHANGHAI DOLLARS

Sellers 516, buyers at 517. SHANGHAI MARKET

Open market. Sterling at 2.57/64 and U. S. Dollars at 4.29/82 for Spot.

Shanghai Exchange

Shanghai, Sept. 5 (Reuter).

metal TT. Rates

London New York

Japan

India

Paris Hongkong

Sterling

Opening

Bellers

0/3-5.32 5-5/18

unqueted 17-1/2

unquoted 21

Opening Closing 0:2-55/84 0/2-7-8 0/2-65/04 0/2-7/8 U.S. Dollars ....$4-13/16 4-13/10

Spot

Sept.

Spot

Sept......

$4-27/32 4-27/92

Market: Very quiet.

Silver Duty Rate Central Bank of China's Tho rate on Lordon at 10 am today was 1/2-1/241.

The Equalisation rate was 24-1/2

per cent

SILVER MARKET

LONDON SILVEK

London, Sept. 4 (Router). Silver-Market quietly steady. Producer selling met with little

trade demand.

Spot, 23-1/2d.

Forward, 23-7/100.

BOMBAY SILVER

Bombay, Sept. 4 (Reuter), Market-Stendy, Offlake 36 bits. Indian Mint Bliver Ready......... 02-14-0 02-14-0 Sept, 17 Settlement 31/104

Oct. 14 Bettlement.... 62-15-0

HK. Banks $1,450, $1.460. Bank of East Asia $76.

Union Ins $232.

H.K. Fire Ins. $185 Steamboats $10. Wharves $901.

Docks. $17.30, $174. $17.80, $18.

$17.80 $174, $17.70.

Providents $64, 561. $6.70, Hotels $3.70.

Lands $36, $364. $363, $36.90. Realties $34.

LONDON GOLD

London, Sept. 4 (Reuter). Bat Gold, Fine per oz., 188/-

CHINESE BANK ASSETS UNFROZEN With special authorisation by the American and British Govern $6.65ments the Central Bank of China

nas unfrozen the frozen assets of Chinese banks dealing in foreign a Shanghai dis- exchange, says patch.

Trams $17.20, $171, $17.35, $17,40,

$174. $17.40

China Lights (0) $6.20. $61, 36).

$8.60, $6.65, $6.60.

China Lights (N) $2. $1.85, $1.80,

Deposits in foreign exchange in Chinese commercial banks have

also been unfrozen by transferring them to the Central Bank of China with the mdorsement of Electrics XD. 8214. $21.90 $22, the deposliora.- (Central News),

$1.85. Electrics (0) $22.

$21.90.

Electrics (N) $21, $211.

Electrics Rts. $11, $11.10, $11.15,

$111. $11.30.

Telephones (0) $234, 324.

Telephones (N) $9.

Cements $15), $15.00, $15.70

LONDON, Sept. 4 (Reuter).

Public Deposits Other Deposits:-

Bankers

Other Accounta Total

198

Sept, 4 1000's Omitted)

INDO-CHINA

Ropes $94, $9.30, $9.35. $9.45, 59. STEAM NAVIGATION COMPANY. LTD

$94, $10, $9.8G. $9.65.

Dairy Farms $16,10, $19.15.

Watsons $112.

$1.90, $12.

BUYERS HK. Banks, $1,445.

$11.80,

Union Ins. $430.

Docks $17.50,

Humphreys $7.15.

Chinese Estates K.D. $100,

Troms $17.30. Lights (0) $0.50. Electrics (N) $21, Cements $15.50.

SELLERS

Docks $17.35, Trams $17.60, Lights (0) $4,70. Watsons $11.00.

BALES

Trams $17.40. Lights (0) $0,60.

$11.35,

Operating Services for Cargo and Passengers

TO

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA SANDAKAN

HA KHO

All steamers berth alongsitie the Roosevelt Terminal in the Fronoh Concession at Shanghai, whore passengers and cargo are landed.

Tor further particulars

please apply to-

JARDINE MATHESON&Co.,LTD.

Electrics (0) X. Rts, X.D. $21.99. TELEPHONE KOJI GENERAL MANAGERS *

Cements $15.70, Hopes 19.05.