HONGKONG DAILY PRESS
AMERICA'S DEFENCE
INDUSTRIES
How to maintain präce and production in defence industries engaged more of the government's attention this week than at any time since rearmament began. Several members of Con- gress introduced bills to effect the purpose,
Representative Smith of Virginia, author of the pending" Wagner act amendments, proposed penalties up to life imprison- ment for saboteurs of defence projects; thirty-day notices "de- „ fore labour could strike or employers impose lockouts; abolitlon of the requirement that a seeker for defence employment shall Join a labour union, or abstain from joining it
Some
FINANCE & GENERAL
Finance and Commerce
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
Bayer Ballers
Sales
Nomland
•
$76
A
Representative Hoffman of has supported the case with his Michigan would bar the union associates, and they in turn have initiation fees imposed on workers urged concessoins on labour, before they can do cantonment
time
there was age labour. Senator Ball of Minneso-small unauthorized strike in the -ta would set up a special defence Middle West. The employer had conciliation unit t the Depart said that he would not talk to ment of Labour. There is a gen- any conciliator until every one eral unit already, writes Arthur went back to work. He pounded $3677| Krock.
the table as he said it over the
The Administration was deep in telephone. He refused even to study of the subject, but its com-discuss the case with the interna- ment was meager. "Only life im. tional anion ofcial who admitted prisonment?" the President retort- that the strike was unauthorized. ed when
WAY PREPAREU
his press conference brought up the "Smith bill."
Mr. Bransome found some one
And Attorney General. Jackson, in industry who knew the "manu- replying to a question from Char-facturer personally, to prepare man Sumners of the House the way
for his intervention Judiciary Committee, sald he had You are going to get a call from nc suggestions for new legislation Ted Bransome in Washington, to maintain defence labour peace, from the Defence Coinmission," and production, whereupon Mr. said the friend. "He is no labour Sumners passed on his inquiry to bureaucrat, Do New Deal poli-. the War and Navy Departments tician. He is one and to the members of the Ad-lister to him." The manufactur- visory Defence Commission
er was "softened" and told his
rest with
was
of us. You
Until or if legislation is enacted. tale to Mr. Bransome, who in turn or there is some new step in ad-reminded the angry industrialist ministrative policy. responsibilty of the attitude, of the union off- for industrial defence conditions cial, pointed out that the union will continue
the man
known to be square. Labour Department's concilation "Send hum in" said the employ- service and with a very effective er. The result was a settlement. and interesting set-up in the De- A man familiar with the Hill- fence Commission about which lit-man-Lubin-Bransome team-play tle is known or has been publish- in conciliation offered a further ed up to the present time.
explanation of its success: "Bran-
RECORD OF SETTLEMENTS some has a shoulder industry can' In
the last five months this cry on," he said. "He represents Defence Commission group
has it sympathetically and officially, handled 210 labour disputes. Ne but sensibly. He has to be rea- stoppages of work occurred in 100 sonable with Hillman and Lubin cases, and in all but a few of the to get results, but by the same remaining cases the interruption token they have to be co-upera- was brief-from a few hours to a tive with him.
day or two. Up to the time of "And the value of Keenan, and the Vultée strike the record made Owens is chiefly that. when labour was exceptional. And, compared is in the wrong, one of them can with defence labour breaks cuss out an A. F. of L. union., the In the same periods in 1916 and other a C.IO. union, in a way no 1917, the Improvement is marked, outsider, would dare to do, GT
An odd combination of citizens could do effectively. handles these délicate matters for "This useful combination makes the Defence Commission, its gen- the labour division. And if some- erally successful position being thing hadn't slipped up so they that production must on for didn't get the usual forty-eight- reasons of patriotism while both hour notice before the Vulter sides talk of the Issues. Sydney strike. that wouldn't have hap Hillman is the chief or the div: pened."
sion. His executive assistant
Dr. Isador Lubin.
HILLMAN'S AUTHORITY
Mr. Hman has the President's
Under these two operate two direct authority to supplant the Joseph Labour Department's conciliation:
li
clate
Th
labour representatives Keenan of the A.F. cf L, and John with his own division whenever in Owens of the CIO. But the asso. his judgment the time has come
Hillman of Messrs,
and to do so. Until that time Secre-' Lubin is a detence worker whose tary Perkins and her aides are in presence in Washington is little charge. But, as the same expert known to the general publie des-witness puts it. "Madame "Perkins pite the tact that to him is given has to butt out whenever Sidney a large share of credit for the¡ says so."
8218
!!!!
35,95
817#
$18
#
81415
£80
SHARYBROKERS' ASSOCIATION
THURSDAY
13 FEB.
H.K. Ba
Banks
Do. (Col. Beg.}
Do. (Lon. Reg.)
X.D. £77
£811/18 £23
Chartered Banks
Marcantile Bks. "A". 21 Mercantile Hkr. ""C".
Bank of East Asia...........
::::
**
HI
N. C. & S. Banka..... Insurances
Cunton InanPAD COM..................
$410
Union InsuTROCES.................
Underwriters
H.K. Fires..........
Shipping
$136
Douglases
$11
Steamboats
$100 Indo-Chinas (Pref.
$60
Bayer Balleta Bomins
C.D. I.D.
$1410 LEO
£77
£$3
£111
$76
15 ct.
***
H.K. STOCK EXCHANGE
The main turnover today was in China Providents, otherwise the market was on the quiet side.
BUYERS
HE. Govt. 4% Loan, 95.50 Cts. H.K. Govt. 31% Löän (1934), 93.75
Ots..
HK. Govt. 91% Loan (1834),„,03.50
Cts.
Bank of East Asia. $76.
Canton Ins.,' $215."
HK. Fire Ins.. $167.50.
Providents, $5.80. "
Lands, $34.25.
Lands 4% Debentures, $97.50.
Star Ferries, $58,50.
Lights (0), 56.
Cements, $17.50.
#218
$410
80 ct.
#170
8136
B
$100
Fado-Chinas (Def.
860
44/44 Shelle
-44/4
Watsons. $11.
મ
Waterboata
17
Entertainments, $7.
Docks, Wharves
Godowns, etc.
SELLERS
898
H.K. & E. Wharves,
$98..
Docks (0), $18.
Providents
$5.85
$17/
Lands, "$34.75.
$17
Realties, $3.75.
#311
Trams, $13.05.
Lights (O), $8.25.
18/0
Electrics (0), $40,23.
171
H.K. Docks (Old).
$17 H.K. Docks (Now)... #3+Shanghai Docka.....
18/0
$8
1 cts
Kailans Raubs
Mining
Hong Kong Mines.....
Lands, Hotels and Buildings
83.60 H.K. & §. Hotels..............
Do. 4 Debentures. $12.40 Shanghai Lauda..
834) 8341 $971
++
H.K. Lands..............
834
Ji
H.K. Realties..
$7.06 D.umphreys .......
Chinese Estates.......
$98
$45
8205
Cotton Mills
Ewo (B.)
::
::
FRIDAY, FEBRUARY 14, 1941, -PAGE
SAY
Gordon's
...and know what you're drinking/
GORDONS
DRYGIN
DESTILLERY LONDON
Watsons, $11.05.
SALES
HK: Banks, $1415. Docks (O), $17.80. Providents, $5.75/80. Rumphreys, $7.05 X.D. Electrics (0), $40. Sandakan Lights, $12. Cements, $17.50. Ropes, '$8.50.
LONDON METALS
EXCHANGE
London, Feb. 12 (Reuter).
Standard. Cash, Middle
NO COLOURING MATTER
NO INJURIOUS INGREDIENTS
AFGHAN MISSION
FOR JAPAN
PESHAWAR, Feb. 13 (Reuter)
AD Aignan
CHINA'S DOMESTIC
INDEBTEDNESS
CHUNGKING, Feb. 15. (Reuter) commercial mission-China's total domestic indebted- has arrived here. The mission has ness since the commencement of beer invited by the Japanese the present war' amounts to Foreign Trade-Promoting Associa- NC$1,778,000,000, or less than $20 tion through the Japan est Gov- per capita of the population, ac- ernment to visit Japan.
cording to Ugures published in 2 The visit is expected to "last financial" review released in six or seven weeks and will be Shanghai, which states that the mainly concerned with a study of amount of China's domestic loans Japan's industrial and commercial outstanding on the eve of the war development and to explore the was NC34,300,000,000. Japanese market for Afghan pro- The total amount. of domestic ducts.
loana by the Chinese Government since
started 15 given as NC33,400,000,000, Customs Clold Units 100,000,000, £20,000,000 and US. $100,000,000.
LONDON. GOLD
London, Feb. 12 (Reuter). Bar Gold, Fine per oz., 188/-
*
$3.60
8344 $87
$3.85
"I.D. | #T
$452
205
$125
$18.05
$7.40
$34
Tin.
8861
Star Ferrics...
$57
Price. £257-7/8.
$24
T'mati Ferries..
8241
Tin. Standard,
Cash, Middio
$62
China Lights (0)..... $1.97 China Lights (New):
$40. K. Electrics (014).......
16.10
$1.96 Price. £258-1/8.
$402 $391
1918
$12
$17
$18.65 $18.00
:
S'hai Cuttons. (8.j.. Zoong Sings (8.)..... Wing On Textiles (6.
Public Utilities
H.K. Tramways............... Peak Traun (old)... Peak Trams (new)....
#38 H.K. Electrice Now)...
3171
$181
$25
Macro Electrics (Old
Macro Electrics (New)
Sandakan Lights......
Telephones (cld)..
810.20 Felephones (new)..... S'pore Tractions (Ord.
Industrials
Canton Ice.............
Cements
Н.К. Варев
H.K. Govt. Louns
895 4% LORD
#25)
830
Cald., Macg. (Ord.) §
$25
Cald., Macg. (Prof.)S
75 cta.
$1
8173
$17:50
281
95_
$952 $931
293)
8934
$1.00
$11
$11.08
success of the labour division, The Defence Commission's This is E... D. Bransome, president Labour Division members are a of the Vanadium Company.
unit in belleving there should be Mr. Bransome Is Industry's re-no strikes or lockouts in defence presentative in the division. production and that these can be There is no question of his devo-averted by proper approaches and tion to and belief in the capital mediation formulae. It may be systern," the profit motive, and the that as rearmament proceeds they ECONOMIC character and ability of American will need more than their success-
forthright and bold and his out-, method to keep up their records.
31%
(1934)
31%
- (1940). Miscellaneous
Watsons
$19.20 Dairy Farias.............................
Euterlammenta .... Constructions (old)..
$1 Constructions (w)..
Lane Crawfords...... Nanyang Tobacco..... $2.16 Sinceres
42/47 Ch. G.5% 1925G3Bds $30 H.K. Wing On
S'hai Wing Un........ $7.70 Vibro Piling
7/6 Marsmans Înv, (Loa. 2/6 Marsmana Inv. (H.K.
$1.80 Wm. Powells.........
China Lights(Rights)
+Sale to Shangha
immă di
$19
$7.10
war
PRE-PAID ADVERTISEMENTS.
The following blasece 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. If Charges collected, ~$2.00.-
TEA DANCE DAILY
35%
HIGH PRICES for all gold and sliver articles, gold bars, diamonds and jewels. Apply China Gold Refining Co. Pedder Building, 2nd floor, Room 6.
FOR JADED APPETITES!
HOTELS
REAL RUSSIAN FOOD
Tiffin $1.00 •. Dinner $1.25
METROPOLE HOTEL
EXCEPT MONDAYS
5 to 7.30 P.M.
WANTED TO BUY
1.65
#7}
WE PAY
$34
$2.10
$11
$39
$14
$8
:..
WE OFFER HIGH PRICES for
$1.00 any amount of gold articles.
10
HONGKONG
SHAREBROKERS'
ASSOCIATION
industrial management. He is ful. personal combination and TRANSFORMATION ward manner has given him the that laws must be written to en- An important consequence of name of being hard-boiled. Messrs. force the method. But meanwhile the European war is the economie
Volume, of Business Transacted. Hillman and Lubin are equally-unlike NLRB this is how the transformation of several South
on Thursday, Feb. 13, 1941. sympathetic with the case
of Hillman-Lubin-Bransome" team 19 American states, of which Brazil
SALES provides the most striking exam-
H.K. Banks, C.D.. ple, according to Saplens, finan-China Providents... 1,000 cial editor of the influential paper Le Figaro.
HK Docks While ten years ago Brazil was primarily an agricultural country, HK. Electrics (D) with coffee being its most im-AS. Watsons portant product, today she tends towards a gradual industrializa HK, Tramways.....**
labour, and the manner of both is operating without "a law." mild: Nevertheless, this strangely assorted trio has worked smoothly and harmoniously and each one
has nothing.. but praise for the
other two in the group.
HANDLING EMPLOYERS
Wool From Fish Refuse
constituting the
The labour division has no set The albuminous substance, con pattern of operation. But gener- tained in the refuse of fish button. ally its method is this:
wasted so far, may be applied as When the Labour Department's fine material for making artificial important element b Brazilian Although coffee is stul the most conciliation has run into a stone-wool, it was recently discovered in trade, wall, into an adamant employer an artificial, silk manufacturing item in. Brasil's national income..it largest or workers' group or both, it is company at Gifu City, Gifu Pre-represented merely 30 per cent. of supposed to give forty-eight hours fecture. notice of impending trouble to the
her exports in 1940, as against 60 The new process, according to per cent. in 1930. Hillman-Lubin-Bransome trio. If
the Hochl. has been fully tested! it is the employer who seems to
COFFEE REPLACED be making most of the trouble, for its effectiveness and its indus-
Mr. Bransome takes him on. If labour appears to be unreason-
friends
trialisation
try has not been so persuaded the Commerce and Industry Min- Therefore, to discover that In Mr.
istry,
5 $1,380.00 5,75
500
5.80
200
17.70
200
40.00
500
11:00
" 500 100
11.00 18,00
The total value is $39,890,000.
LONDON STOCK EXCHANGE
ווי
LONDON, Feb. 13. (Reuter) ·
+1
On the Stock Exchange yesterday
FOR SALE
diamonds, silver, jewels, etc. No. holidays. Apply China Building, FOF SALE:-As a Going Concern, 7th floor. Tel. 30727. Eurasia Gold the old established business Refining Co.
WE PAY HIGH FRICES for all
gold and silver articles. Jade, diamonds, jewels, watches; foun-. tain pens. Apply Far East Dia-
and mond
Gold Refining Co. Room 621, China Building, 6th Hoor.
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 HKDP.,
As an export product, cotton an apathetic view and political ORDERS TAKEN for hand-made
With
$
favourable
►
י
while Kaffrs,
Dutats, etc., at $5.00 each for
►
is being considered replaced coffee to a considerable uncertainty induced selling pressweaters. Ladies' Jumpers, Bables among those interested, who are degree. The production of cotton sure, able, the task is assigned to Mr. reported to be arranging for the registered a tremendous growth Gilt edged holdings were around workmanship.
establishment of a factory solely during the past ten years, jump-one-eighth lower Himan or Dr. Lubin.
Wool and modes desired, to be Labour bas
for a long time devoted to its manufacture with a lng from 500.000 bales in 1980 to oils and home rails all drifted supplied by customer. known that it has
at fund of 172,000 which has been in 1,900,000 bales in 1940.
down aimlessly, but industrials "Court in Washington. But indus. creased by Y12,000 as a subsidy he
Send particulars of address, etc.. trade partially rallied towards the close balance. the Figaro neserts, the though without a material into Box 502, HX.DF. Brazilian Government, which is a crease in interest, operators -gen- Bransome it has one who under Az Japan is famed for her rien stable one, will no doubt utilise its erally marking time. stands and sympathizes with its production of fish with the fish financial resources to ellminate its difficulties and can make sugges refuse being roughly estimated to foreign debt arrears and sign an harder. tions from experience as an em- reach some 480.000 tons a year agreement with holders of Brazi- ployer, has many time had a the possible production of artificial lian bonds in many countries. "softening" edect on industry wool out of the fish albumen will A working agreement for the when softening was the reason attain the annual level of 210,000,- settlement of the main Brazilian able process. When Mr Bran-000 pounds if one-third of the Tan debt abroad would entallan an- below the suuntal average some has concluded that the em-refuse is utilized in this marmer, nuni disbursement of 23,500,000 Budi's Cavourable trade, Ibalance
"which, according to the Figaro, during the past years. ployer was correct in his stand he the paper further reporta.
..
Japanese bonde were a tride
Wall Street was closed.
of
Experienced Book-keeper Wants Btudents to torm a class. Guaran tee students to keep a whole set of books after completion of a course of 6 months. For Term and Par-.. ticulars. Please Apply to:-Box No. 403 4/0 H.K.D.P.
of
Messrs. C. E. Warren & Co., Ltd., Sanitary & Heating Engineers, with all Stocks, Property, Lotry, Goodwill &c. Apply for further particulars to Messrs. Lowe, Bing- ham & Matthews.
Ti
PACKING CONTRACTOR
Any Kind of Articles will be Packed Carefully and Perfectly at Reasonable Charges Order will be Secured Promptly
TOMINFAI TELEPHONE 33237, 25827.
YING LEE CO.
BEST CAMPHORWOOD TRUNKS NO. 8, QUEEN'S ROAD EAST, WANCHAL
·ENGRAVERS
FEI FEI & Co. Photo Engravers 18, Cochrane. Street, Telephone No. 22224,
AUCTIONEERS
GREATEST COLLECTION OF BARGAINS IN TOWN!
LAMMERTS KIDUN JAUM Lontinet, Be Tha
Jimmy's
TAILOR
LAM SHIU SHEK 334, Nathan Road, Kowloon, Tel. 57712.
Guaranteed delivery 1 guit in 24 hours notice and 6 hours for a pair of trousers.
BUTTERICK
Expert Ladies Tailor New Style Ready Made Dresses, Overcoats and Costumes FOR SALE.
16, Wyndham Street, Tel. 23825
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 dos. Envelopei
GRACA & CO. Dealers in Postage Stamps, Garden Beeds, Picture, Books, etc. No. 10 Wyndham Street. Established 1895.
Hongkong.