THE HONG KONG DAILY PRESS, TUESDAY, NOVEMBER 26, 1929.
SHOPPING GUIDE
Felix Hat Shop
HATS
AND
GOWNS
7, ICE HOUSE" ST.
Bolande Sarrault
MODES-COUTURE
HAS REMOVED TO 3rd Floor, PEDDER BUILDING
ROOM No. 3 TELEPHONE: C. 2252
A SEK & CO. PHOTO-SUPPLIES
28A, DESVIKUT. RD. O. TEL. C. 3459
NAKAMURA
MASSAGE
No. 3, Les TUNG STREET, 18г FLOOR, WANCHAL
Hora Kose.
RADIO SUPPLIES ELECTRIC GRAMOPHONES
AND MOTORS SUPER ELTO OUTBOARD
MOTORS RUDGE-WHITWORTH
MOTOR CYCLES TENNIS RACKETS
RUDOLF WOLFI & KEW, LTD.
54, QUEEN'S ROAD CENTRAL. 1st Floor.
Tel. C. 2173.
Hackintosh and Es Da
Men's Wear Specialists.
Alexandra Bldg. Des Vaux Road.
Fresh Flowers, Fruit
and Vegetables
The Clover Flower. Shop
10 ICE HOUSE STREET
CARDS
SEALS
PIGGILY WIGGILY
TEAS & REFRESHMENTS. HOME MADE CAKES
The Home of Fashion CHILDREN'S FROCKS LADIES' DRESS MAKING
KAYAMALLY BUILDING
THE IDEAL CHRISTMAS GIFT IS A. BOX OF
SOCIETE CHOCOLATES
WILL PLEASE MOTHER, SISTER, WIFE OR SWEETHEART
ALSO
BISHOP'S "HARD
CANDY
The Best for the Children at any time ORDER NOW
TAGS YOUR CHRISTMAS CAKES
GIFTS
ETC.. ETC.
The Cafe Pavilion
THE BEST CAKES IN THE COLONY.
TEL. K. 874
DER 4. WING & CO. (1923), LTD. 96. NATHAN Road,
Madame S. LEITE Ladies Wear Specialist.
SILK PIECE LACE FOR EVENING FROCKS JUST ARRIVED
ASIATIO BUILDING. 1st Floo TELEPHONE C. 474
QUALITY
PERMANENT WAVING
The Most Up-to-date Beauty Shop in Town. Mrs. BETEN. TEL. K. 68Í. PENINGULA HOTEL Ex. 54.
A. YUN
TAILOR & OUTFITTER 40, POTTINGER STELET, CENTRAL TEL. C. 6060, ..
HONO Koso.
WITH
POWELL'S
Gentlemen's Tailors and Outfitters.
BESPOKE ORDERS Exsouted in 24 Hours,
10, ICE HOUSE STREET,
People Who Advertise
Invite Inspection of their Stocks.
R. S. V. P.
HONGKONG HOTEL GARAGE
FOR CAR HIRE
FOR HONG KOxa: C. 4758
FOR KOWLOON: K. 831
THE DAIRY FARM
1CE HOUSE STREET
FOR PURE MILK
FARM AND IMPORTED FROZEN
INTEGRIT
MEATS. HOUSE FED POULTRY
LANE, CRAWFORD, LTD.
THE DEPARTMENTAL STORE OF THE EAST.
TEL C. 4567 (6.LINES),
ESTABLISHED 1888.
AHMED DIN
Tak Cheong CIVIL, MILITARY
Gentlemen's Tailors, Outfitters and Dealers in all kinds of Fancy Goods
50, QUEEN'S ROAD CENTRAL
PRONË: CENT. 1317
HONG KONG FURNITURE
CO., LTD.
MANUFACTURERS OF
TEAKWOOD, BLACKWOOD
AND
RATTAN FURNITURE. 8, QUEEN'S Road Central
PRINCE'S CAFE
HIGH CLASS
RESTAURANT
No. 18, Queen's Road CENTRAL
KAYAL TAILOR
ORDERS PROMPTLY EXECUTED
PRICES MODERATE FITTING QUARANTEED
MAIN SHOP: 4, D'Agullar St.
HONG KONO Tel, C. 1670
BEANCE SHOP: Peninsula Hotel
Kowloon
Tel. K. 681, Ext 23
lac's
EXCHANGE BUILDING,
AUCTION!
IF YOU ARE FURNISHING AND WANT TO PICK UP GOOD PIECES OF EITHER EUROPEAN OR ORIENTAL MAKE AT ADVANTAGEOUS PRICE, GO TO
LAMMERT BROS..
DUDDELL STREET.
Cafeteria
HONG KONG HOTEL Finest Selection of CHOCOLATES
in FANCY GIFT BOXES FRESH CALIFORNIA FRUITS ALWAYS ON SALE
BOOK & BIBLE DEPOT.
CHRISTMAS CARDS AND CALENDARS ! Books FOR YOUNG AND OLD LARGE ASSORTMENT OF CRINESX LITERATUUE.
2, WYNDHAM STREET,
PHOTOMATON CHRISTMAS CARDS Containing your Photograph may be obtained at the PHOTOMATON STUDIO at SIX for $1.00, or you can supply the Picture and we will mount same FREE OF CHARGE on our 10 Cent Photomaton Card.
The SUN Co, Ltd.
DEPARTMENTAL STORE
DES VEUX ROAD CENTRAL
H.K. TRANSFER & LIGHTER CO.
FURNITURE REMOVALS AND GENERAL TRANS- PORT BY TRUCK
LIGHTER.
OR
ST... GEORGE'S - BUILDING
K. 1422
L. E. 8. Hodge.
HAVE YOUR EYES TESTED AND FRAMES FITTED
By
THE HONGKONG OPTICAL CO.
Qualified Opticians' 53, Queen's Road C.
Tel, C. 2232
J. Ullmann & Cu
High Class Jewellers El. 1860
Alexandra Bldg. Chater Road.
FRIGIDAIRE
SOLE AGENTS DODWELL & Co., Ltd. QUEEN'S BUILDING, "TR C. 1030
BRUNSWICK
HOUSE
BRUNSWICK PANATROPES
AND
RECORDS
JCE TOESE STREET TEL. C. 4035
THE POSITION IN EWOS.
THE BOOM AND THE SLUMP.
Much has been anid and not a little written during the past few months on the subject of the pleas- ant and strong position in which the Ewa Cotton Mills, Ltd. ands itself says the M.-C. Daily News Duc, not entirely to force of cir cumstances (demand, commodity prices etc.) but, a large degree, to successful management.
Now, what is the real position in Ewos? To answer this question. correctly and without fear of con- tradiction, one would require the sagacity of the mythical Sherlock Holmes
The opinions, therefore, set forth in this article, are considered ones arrived at after conversations with responsible men of business... "To commence with, the opinion. is expressed that Ewos are worth to-day something in the neighbour- hood of Tla 17. In this connection it is worth recording that when quotations were in the region of Tls. 21, responsible banks were advancing as much as 80 per cent. The shares reached something below Tls. 24 feir weeks ago after wild speculation involving tens of thou- sands of shares, Then enme the inevitable reaction, and prices col- -lapsed to the vicinity of Tls. 15 and even under. The result is that a number of speculators find them- selves in a precarions position and unable to meet a given settlement.
Some Idea of the Leases. When the shares were rapidly rising and in the neighbourhood of Ts. 2, wads of 3,000 and more, were daily recorded on the "busi- ness done" board in the Exchange. One has, then, no difficulty in riving at a rough estimate of the huge losses sustained. Even on 5,000 at Tis 22, the loss to-day is roughly Tls. 35,000 and tens of thousands were dane as prices ap- proximating our example.
With the drop. came the realiza- tion that certain brokers would be unable to meet their commitments and an organized liquidation took place. Shares were bought back at about present prices, and the position became less obscure.
La speaking of the future one naturally has great diffidence. The financial year of the company ends on December 31, and accordingly the dividend will be announced about the middle of February. Opinions vary as to the estimated amount of profit for the year. Something, however, in the region of Tis. 2,500,000 is generally belicy. ed to be not far out. An interim dividend of Tls. 0.40 already has been paid and the share capital of the company is Tls. 4,500,000 or dinary and Tis. 900,000 preference.. Assuming, therefore, that a further Tls. 1.00 per share is recommend- ed-thus making Tls. 2 for the year-this would represent 11,11 per cent, on an investment at Tls. 18 per share, 10 per cent. Tls, 20, and 13.33 per cent. at The.
the 1. The dividend
'par value-Tls. & accordingly would be 40 per cent. Again assuming that the dividend wil total Tls, 2 this would absorb Tis. 1,800,000, nlus, of course the preference dividend of Tls. 72,000.
הט
Correspondents Answered.
nt
It is to be emphasized that these figures are not the outcome of "inside information." They are suggested merely for purposes of calculation. The "China Stock and Share Handbook" gives com- plete statistics of the company, some of which were set out by a himself signing correspondent
Non-Investor. With all respect to another cor- respondent his arguments seem slightly unreasonable. If he has bought Ewos for an investment and Hing the money to pay for them or has paid, he is not. presumably, affected by transient fluctuations on scrip which he bought to lock up. If this latter course. is not practice able then he too must have entered the ranks of speculators. The sug- zestion contained in his concluding paragraph goes rather. far. The Ewo directorate are not responsible for the gambling that has taken place and can scarcely be expected to take extraordinary steps to miti gate it.
A case of shocking hrutality and Savagery on the rart of New York wunmen came to light recently with the discovery of the body of 30- year-old watchman who had been tortured to death because he refused to reveal the combination of the lock of the safe in the offices of ä big laundry. The murdered man was found with slashes on the valmя of each hand and on the soles of his feet. There was another deep gash under the chin and a stab wound in the back. The handles of
to one it, was smeared with the bloody fingerprints of the torturers,
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