COMMERCIAL NEWS.
RUBBER
tó "result in tes to this country.
THE MONEY MARKET. London
10.--Messrs. July
the stock might ease the position Samuel Montagu and Co. report After all, the visible stock only as follows-Gold-The Bank
THE HONGKONG TELEGRAPH.
༞་.
a
BIRMINGHAM IRON MARKET PARALYSED.
THURSDAY, AUGUST
the
1919.
UNIVERSAL IMPORT & EXPORT CO.,
行
GENERAL COMMISSION AGENTS.
(Hotel Mansions, Top Floor) P.Q. BOX 348. Telegraph Aikkyon. UNIMPEXCÒF-Haxarosd MONTARAU-PARIS, FRANCE,”
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Head U-BEAUMONT & CO. 17, Bas Rinber, PARIS, Prance,
Branches in France-LYONS, BORDEAUX, MÄRSEILLES : Also in French Lado-China, Canada, Central and South America Codes Used B. O, 3th Edition, A. A French Edition"
CHEVROLET
to endeavour to modify views pre-after a brief and barren lease of Fah firms have started to use ma-materials of this natura are: (1)] valent in some quarters regard life. Silver-The market show-chinery in glass making: hitherto Sugar-containing products, such ing recent developments of oured an upward tendency at the everything had to be done as molasses, mabus flowers, sugar market. Attention appears to beginning of the week, partly by hand. Several English firms beds, and mangolds: (3) starch or centre on effect, whilst cause is owing to a special order and closed down before London, July 17.-Messrs.
war inulin-containing products, such ignored. Effect is simply the partly to Sanderson & Co. report the high price; the cause may be hold up supplies. Just now the to working exclusively by hand. potatoes, and artichokes; and (3) inclination to owing to expensive processes due as maize and other cersali, market has been rather more attributed to three factors. Firstly, market is unduly sensitive to Foreign active. Smoked Sheet remains the congestion of goods at the such influences, which, however, British "goods, but to-day the such as pest, sulphite wood-pulp competition ousted cellulose-containing products, in good supply, and is relatively docks and warehouses, and in-are but a passing phase. It is tables have been turned. cheap Forward positions
We lyes and wood.” Although in the adequate transit, which have be- fairly obvious that unless pur-send out glass, in the form of United Kingdom production from fairly freely offered. Eastern come a public scandal. Secondly, chases for the Indian Govern-wine glasses, at is a dozen these sources is likely to remain markets are still on a low basis, war necessity for controlled ment can be made, justification cheaper than the Belgian goods small, there are in the Empire and the pressure to sell in the prices, both wholesale and retail, for a permanently higher level of whose quality is poorer at is. 4d. vast existing and prospective East is accentuated by the fear of had for a long time forced upon prices does not exist. After all, a dozen. Twelve English firms sources of alcohol, and the pro- a shortage of freight in the near the consumer future. America is rather weak Sd. per lb, which he did not like; still, as it has been for the last od up for 1 months ahead. The from the large, scale cultivation mixture at the Indian currency problem is only make glass; these are book-fspects of production, particularly chiefly owing to the financial with the return to peace condi- year or so, the principle factor in twelve factories suffer through of maire and other cereals, are tightness, which is probably dus tions and individual freedom, he the market. China has bought shortage of glass blowers. Several encouraging to over speculation in all classes is prepared to pay, more or less substantially but seems for the processes must be gone through quantities and price.
28 regards both of commodities And shares. Trade in London has been more does like.
as the case may be, for what he moment to have shot its bolt in highly skilled glass making, other hand, the investigations of On the satisfactory than for some time of tonnage allocated to tes usually very intermittent in early boyhood."
Thirdly, the shortage Buying for that quarter has been hence men learn their work from the Ministry of Munitions in past, and the deliveries show a in the East- is likely duration. A feature of the week
respect, of the extraction af marked improvement. Never
ethylene from coal and coke-oven theless, landings ars still in excess
A shortage of has been the premium on the
gases and synthetic conversion We are at price for forward delivery, which of deliveries, and the stock
into ethyl alcohol, indicate that present suffering from our ware is now 1/4d. above that for cash mounts up. We may add that it houses being too full; our com-delivery.
ALCOHOL AS MOTOR-FUEL.
there is available in Great Britain remains to be seen what effect plaint later on may be that they
a large potential source of power The possibilties of alcohol and alcohol. Furtherinvestigations are the raising of the blockade of
mixtures of alcohol as fuels for however, necessary, particularly Germany will have on the market. are not full enough. Some few thousand tons lifted off
power and rraction purposes in as regards conversion of the place of perrol are discussed in ethylene, before definite figures the report, issued recently of the las to quantities and prices can be equals about a month's supply of of England gold reserve against en to increase the price of coal Redwood
London. July 11th-The decisi-of which the late Sir Boverton for power and traction purposes, Inter-Departmental Committee, given. As the price of alcohol the present world's consumption its note issue is £36,324,000, an has paralysed the Birmingham point out that to the enormous the name of power alcohol - surely not a very serious fac.or.increase of £71,640, as compared iron market, and the issue of growth of road motoring during should be given, must be such as was chairman. They to which the committee propose Rubber still remains the comwith last week's return. Ap- modity on which trade runs with nouncement has been made in quotations has been suspended. recent years, especially in the to enable it to compete with the smallest of stocks: if the New York of further substantial It is estimated that the British United States, there will now be petrol, it is considered essential same position was revealed in gold shipments, or engagements increased by £8.000.000 a year grade petrol for aeroplanes and its manufacture, storage, trans gas companies' coal bill will be added the requirements of high-that all restrictions concerning almost any other procuct we for shipments, to a total of Sir Hagh Bell, Bart, the well- airships, to which no limits can be port, and distribution should be should soon have something $21,620,000. About half of this approaching market excitement. amount is for Spain, and about a
known English Ironmaster and assigned. Facts are not wanting removed so far as possible, con- Imports into London week July quarter each for Japan and South colliery owner, declares 12. 1,116 tons deliveries. 926 tons: America.
that to indicate the likelihood in the sistent with safeguarding the re- A small amount of
British steel. will not stock. July 12. 25,859 tons.
be not distant future of so great a venue and preventing improper $135,000 has been engaged for able to compete in the world's pressure of demand as to cause nes, and that cheap denaturing compaed with 13.878 tone in 1918. shipment to England. It now markets. Mr. Frank Hodges, the as any rate a very high level of should be facilitated. Its import- seems fairly assured that a Gov-secretary of the Miners' Feder prices, and they are satisfied that ation should be permitted free of ernment Mint will be set up ination, has issued a detailed state-lose investigation by the Govern-duty. The facts that the chief the Transvaal. probably The Tea Brokers' Association Johannesburg. In this event without increasing the prices to upplies of motor-fuels derived and are susceptible of great ex- ment with the view of proving ment should now proceed with raw materials for the production that the coal situation can be met the object of providing alternative of power alcohol can be renewed of London in their weekly market the Dominion of South report dated July 17 state:-The Africa will follow
consumers. Over 300 members from new or supplementary raw pansion, and that being miscible market is irregular, and all grades ample of Australia. Canada of the House of Commons have materials. The outstanding and with water in all proportions, its from 18. 4d, per lb. downwards and India. in creating a local signed & memorial to the Prime fundamental attraction of alcohol use affords greater safety from were easier to buy. Good quality mint. The British sovereign basation of the coal mines, on the fuel necessarily derived from coal ion, sufficient. grounds to justify Minister against the nationalis-motor-fuel as a substitute for any fire, are, in the Committee's opin and fine teas may be quoted enjoyed universal popularity, it steady at last week's rates, dem-bas commanded, and does still ground that such a step is more for oil deposits lies in the fact that State action, by which alone the and for these classes continuing command, a premium it certain
than was anticipated. general. Of the 125,000,000 lbs. places over gold, coined or other-
account of its chief sources problem can be being found in the vegetable handled. They therefore recom-have at its disposal the funds Kingdom can in no circumstances housed in the London warehouses, wise. If the whole of the output
adequately ganisation should be permanent, a large proportion is unavailable from the Transvaal "be minted
world. supplies of raw material!mend: That
power alcohol in the United on account of labour shortage. (instead of only a part, as hereto-
an organistion CHEAP ENGLISH GLASS.
for its manufacture are being should be established by the necessary for its investigations. be taken, nor arrangements for As we have remarked before, there fore) the British sovereign is
continuously renewed, and are Government to initiate and sup
be in close relation with the such development carried into While English glass costs is plenty of tea for the time being. likely to be still more conspicuous day 20 per cent. less than import-without encroachment upon food development work at home and pire, and be so constituted as to be
to-susceptible of great expansion tervise experimental and practical various Governments of the Em- effect, unless provisions and but distributors cannot get it into throughout the World, althoughed ware, foreign glass compares supplies. We are of opinion that loverseas, on the production and able to deal with alcohol in con-
alterations of the kind they the country. At the risk of re-a shortage of gold bullion, con-in quality unfavourably with the-teps should be taken to ensure utilisation of power alcohol, and junction with other fuels which made in advance of the time recommend -in their report are petition, we feel constrained to sequent upon such an increased English manufactured again emphasise the difficulties mintage, would probably impel a
goods. increased production of power to report from time to time for are may become available & under which business is being considerable quantity of the newber of a big glass firm to a Daily the vegetable matters from which technical, and economic problems opinion that steps to facilitate wise call for action too late for it when an acute recurrence of high For the first time," said a mem-alcohol by the extended use of public information on all scientific, a source of power." They are of prices for motor-fuels may other conducted, and at the same time coin into the melting pot, Chronicle representative." Eng-it may be obtained, important connected therewith.
the production and utilisation af to be effective.
TEA
as
at
the ex-
on
This or-
LOWEST PRICED ELECTRICALLY EQUIPPED CAR IN THE WORLD... SOLE AGENTS.
W. R. LOXLEY & CO.
THE CORONET.
TO-NIGHT (Thursday)
at 5.15 & 9.10 p.m. SHARP:
POSITIVELY
the last showing of
HEARTS of the WORLD.”
Prices :-
-$2 & $I
TO-MORROW NIGHT (Friday)
at 5.15 & 9.10 p.m. SHARP.
BY SPECIAL REQUEST
One more Screening of
"INTOLERANCE."
Prices:-$1.50 & 75 cts.
Booking at MOUTRIE'S.
If you have only seen these pictures once, take this last opportunity to get better acquainted,
If you have not seen them at all, don't leave the way open for lasting regret.
There will be a special motor car service for residen and Taikoo Docks who notify us beforehand, prices (for only) 50 cents per head
at Quarry B