HONGKONG TELEGRAPH MOTORING SUPPLEMENT, SATURDAY, JUNE 6, 1925.
HUDSON SUPER-SIX
For 9 Years Leader of Fine Car Sales
The 7-Passenger.
Phaeton
GENUINE BALLOON TIRES
Now Enhance World's Greatest Value
."
For more than nine years the Hudson Súper-Six has led all fine car sales.“ Nothing but consistent leadership of real car value could win and hold suchowner confidence. Today, with greater beauty of line, lower gravity center and smoother operation, the Hudzon Super-Six also brings the luxurious riding care and almost doubled braking efficiency of genuine balloon tires. They are standard equipment on all models. Do not confuse with "semi-balloon" types. Hudson's are full size and genuine, Important also, Hudson has not merely added balloon tires,” Both running and steering gear have bem specially designed for the radical differences balloon tires bring. The result is the easiest steering and riding, Hudson ever built.
And with these added refinements, Hudson's price advantage over comparable cars la more marked than ever.
Hudson's chief appeal has always been in performance. By every way open to proof It has established its supremacy. Its records are famous. In speed, acceleration, hill-cllrubing and endurance it holds marks that are celebrated among stock cars,
The Super-Six of today, retaining all those noted qualities, adds a greater economy of fuck, oil and maintenance, and a service policy of minimum cost, including natonishingly low parts price.
The Dragon Motor Car Co., Ltd.
Telephone Central 1246 or 1247.
33, Wong Nei Chung Road
A NEW COACH
Happy Valley.
Recognizing the demand
for a truly com- fortable and economical car of the coach
type, Dodge Brothers have provided it.
The new Coach reveals a characteristic maturity of design-in the low-swung lines of the body, in the arragement of the interior for five- passenger comfort, and in the exceptional dimensions
and windows. of the doors
The car is lacquer finished in Dodge Brothers blue with a body stripe of cartouche yellow. Fittings and fixtures are first quality throughout. and balloon tires are standard équipment.
So far as riding comfort and dependability are concerned, it is only necessary to add that the Coach is built on Dodge Brothers sturdy chassis and cushioned by Dodge Brothers underslung springs.
DODGE BROTHERS
The Dragon Motor Car Co.,
LIMITED
33 WONG NEI CHUNG ROAD
HAPPY VALLEY
THE OIL OUTLOOK,
WHY THE OIL MARKETS
HAVE ADVANCED.
thing in this world is less thinni the demand, the people who want thoun things bid against each other in order to get it. That is the way the world has always operated" and it's probably the way it always will operats. 1. More crude oil is now being Sometimes the operation of the consumed than is being produced. law is so drastic, because of the 2. For the first time since the great soarcity of a commodity, spring of 1920 there is a sub-that the price goos to great stantial drawing on the stock of heights until in some way, some- oll which has been collecting a whore, some one discovers or surplus in tanks above ground produces a new source of supply, In December of 1924 this draft in for a substituto is found, then the was almost 3,000,000 barrels and price drops again. January almost 7,000,000 barrels, But the present prices of crude this according to figures of the oil, and of its products, have not United States Geological Survey, reached any excessive height, nor Every indication is this draft will are they likely to because oil continue for some months, at men are confident there are vast Toast.
fields of oil in this country not yet discovered. However, how long it will take to find them and (a) To the largest demand for how much it will cost is a quos- oil In the country's history. All tion. Undoubtedly there will be during last year (1924) this some found within the year. country was using petroleum and Present prices of orude oil and its products at a rate well in its products are hardly high excess of 2,000,000 barrels. of enough yet to pay the just cost of crude oil a day. In 1923 this producing it, of taking it out of daily consumption
loss storage and of refining and mar. than that in 1922. It was down koting it. Owing to the past four to nearly, 1,500,000 barrels a day and a half years of tremendous and in 1921 it Was still over production, the pricne fell so smaller. Every year, for years low-because of the free opera- past, the demand has increased tion of the law of supply and de- mand-that companies found it tremendously.
(b) This drawing on stock diffoult and in many cases im- to day is also due to the produc-possible to make a profit. It has tion of oil dropping off from the boon & most disastrous period for wells of the United States and the oil industry, as a whole.
The greatest surplus on the Mexico. For the past four and a
3. This drawing on stocks" of Forude oil is due-
WAB
11
half years, because of the steady market was crude oil, hence the discovery of many big fields each price of crude oil fell the farthest year, the production has been and the producers of that oil- way in excess of demand. The thousands of individuals and industry had to store this surplus companies, large and smal oil in costly steel tanks against the country over, literally the day when those fields would have not been making a profit except on the few large wells that decline. That day is now hero,
AN AUSTIN "7" FOR £169.0.0.
Now that the bathing season has arrived the one thing necessary to enjoy the delights of the Water is an Austin 7, the easiest way of getting you to the Beach at a very small cost in the way of transportation.
It takes you there and brings you back for the nominal cost of train fare.
Alex. Ross & Co., (China) Ltd. Bank of China Building, Hongkong.
DUNLOP
CORDS
That draft on stocks may be came in in these new pools. But stopped any time by the discovery the bulk of the producers of oil of still other fields, but at the were not interested in these new present moment no new big field pools. They own more than 280,- is in sight that will do it. How-000 wolls scattered over the 17 over the oil industry may find it oil producing states of the country, to-morrow. No one will know wells that now average only five until it is found. Several new and six barrels a day each and flolds were found the past year which have to be pumpad to get (1924) but with one exception theythat. They are not gusher wells. Tens of thousands of those same are relatively small. That ex- ception, Wortham, in central wells produce less than a barrel a Texas, jumped from nothing day.
It's largely to the owners of Thanksgiving time to 170,000 barrels a day the eary part of these 280,000 wolls that the January, but it has gone off country must look for an increase almost as quickly and is now in its supply of crude oil. doing about 80,000 barrels a day. Obviously, if these producers have 4. There is plenty of oil in been operating at cost or at a loss storage more than 350 million the past three or four years, they barrels of orado oil and more have not the funds at hand to go than 150 million barrels of pro-out and drill more wolle at once. ducte in storage at refineries- They can only be got to drill enough to run the United States wells by being offered enough" of for a long time, plenty long enough a price to pay a profit on such for the industry to discover more wolls as they may drill--and fields and to increase the produc-bear in mind that 25 per cent. of all holes drilled aro dry and a tion from present fields.
However nearly all of this gil total loss, and be paid a price was bought when the market was for the oil which they are now higher than it has been the past producing which will pay for the HONGKONG few months. The reguler market cost of producing it and help price was paid for it by the pipe them to recover some of their line and refining, companies, of losses of the last few years.
There has also been a surplus which there are some 400 in oper ation, to the producers of the oil of gasoline on the market the past and to the land owners or royalty several years. This is because, holders generally the farmers, first, there was such a big surplus The buyers of this oil have had of crude oil to make it out of to pay in addition the cost of and sooond, because the refiners to the building steel tanks, and cost of got over-optimistic as
of gasoline the piping the oil to those tanks, the amount
would consume interest on the oil while in storage country and the interest on the equip. hence made too much of it. There- ment used for its storage and fore, even irrespectivo of the handling. Most of this has been market for crude oil, the price of dope with money borrowed from gasoline at the refineries fell the public through bond issuos, even to way below its cost at
times, certificates, and notes, etc.
The result is that the 400 and The public, therefore, the past more companies who now hold few years, has been profiting by the oil must get more money for the low price for gasoline and it now that it is being used up other petroleum products, at the The ad- than they paid for the oil or else loss of many oil men. they will be bankrupt and the vancing price for crude oil and thousands of people who invented for gasoline and other refinery in these bonds, notes etc., will products the past few weeks lose their money. If all that promises to permit the oil com- storage oil were to be sold to-day, panies to recover that loss and to these 400 and more companies get in shape to go out and seek would have to get roughly from new supplies. And the chances $1 a barrel to $1.50 & barrel and are if the 70, years in some cases oven more, for that industry is any criterion, that, oil-in order to break even-than when those now sources of crude oil are found, there will again be they paid for it and they bought| on a bighor market than that of drop in the price perhaps to equally unprofitable figures. But the past fow months.
But that oil won't be taken out that will be the oil industry's of storage and sold to the public trouble, not the public's.
Those are the basic ressors for) in a single day. It will be drawn
the recent advances in price. on gradually, as the public re The information here given is a quires it, and this draft will run matter of public record, as statis- over many months, in fact years,
ין
and
of oil
Hence the companies will have tics are gathered by several com to get still more for that oil as petent departments of the U. S. time goes on in order to take care Kovernment as well as by reliable of the interest depreciation, oil trade journals. etc., which keep on each month.
That will mean still higher AFTER HIT-RUN DRIVERS. pricos, but interpreted in what The Automobile Club of Sou- the public pays for its gasoline, thern California is renewing its lubricating oil, furnace oll ato, it standing offer of $50 and $250 for will only mean a few cents more the arrest of ans drivor whe per gallon.
strikes a person or other vehicle 5. Prices on crude oil, and its and fails to stop. products have, theroforo, advance FOR ROAD NUMBERING. od primarily because of the free Uniform numbering and mark- operation of the law of supplying of interestate, highways le and demand to wit the demand promised with the appointment of now exceeds the supply. When a special board for this purpose, the supply of anything, corn, undor the jurisdiotion of the whost.labour, automobiles or any Department of Agriculture.
When purchasing a tyre. BE GUIDED BY WHOS BUSINESS IT IS TU KNOW, AND WHO DO KNOW
The fact that 95% of British Car Manufacturers fit DUNLOP tyres a standard equipment is ia, striking tribute to thef superiority of the Dunlop tyre.
behind the Car, manu facturers' choice is their
practical knowledge of tyres and tyre values.
'#FOLLOW
THE CAR MANUFACTURERS
LEAD THEY KNOW.
I ISTRIBUTORS HOTEL
1
GARAGE.
TRY MICHELIN TYRES AND BE CON VINCED THAT THEY GIVE THE LONGEST MILEAGE OF ANY TYRES MADE.
SMILIN
DISTRIBUTORS
JOHN GIBBS & CO., FALEXANDRA BUILDINGS
4th. Floor Telephones C.704 & C.4777
SUNDAYS & HOLIDAYS €.4532-
THRU'
There's always a smile when you meet a Jowett.
If you are in another, they pass you the Jowelt salute, as tho' to say "We known a good thing. The beat thing in light cars, and the cheapest to run, is THE FAMOUS JOWETT.
A. & P. LEONG HINGKEE & CO.
China Building Sole Agents.
ITelephone C. 2704.