Cotton Trade Of America
Severely Hurt
COMPETITION FROM SOUTH REPUBLICS
JAPAN STILL ADVANCES
(Special to "Tolograph")
New York, May 26. The United States cotton in- dustry, already, beset by increased competition. In the world raw market by Brazil and in finished goods from Japan, faces a now threat in the Argentine, advices from the South American nation and Europe, reveal.
The United Press London corres- pondent has cabled that one of the largest London Stock Exchange Arms, which follows developments in the United States closely and which was one of the first organis- ations to draw attention to the possibilities of Brazilian colton and the fact that it might result in the United States government effecting a subsidy plan, guid:
THE HONGKONG TELEGRAPH MONDAY, MAY 27, 1936.
‚Äritish soldiers in India taking part in a scone during the making of the film version of Kipling's "Soldiers
Three." The film is set in the Victorian era,
HONGKONG TRADE
REPORTS BY IMPORTERS FOR PAST FORTNIGHT
been
"With no idea of adding to the troubles which President Roosevelt has already brought on himself, we must record the fact that a
The following reports have movement is being started to the Argentine to make that country supplied by importers to the Hong- one of the greatest cotton produc-kong General Chamber of Commerce: ing countries of the world."
Growth of cotton, especially in
South American countries where the "white gold" in indigenous, has been stimulated during the past few years by the fact that the U.S. administration's 12 cent loan on the staple has placed American products in the world at aut stantial premiums over foreign competitive staples,
ANOTHER FACTOR
THE LEAGUE AND ABYSSINIA
BRITISH CIRCLES GRATIFIED AT END OF DISPUTE
London, May 26. Cettor Pioco Goods and Fancy British diplomatie eircies are Cotton Goods. The following reports gratified at the ending of
have been received:
GOODWILL MISSION
IMPRESSED BY PROGRESS
OF CANTON
Members of the Committee of the Hongkong Chamber of Com- who visited Canton this week-end at the invitation of the the Chairman of the Provincial Gov- of the ideadlock
Italian andernment. Mr. Lin Yun-kai, Abyssinian dispute. The
merce
RADIO BROADCAST
"Pictures on Parade" By Film Fanny
Z.E.K. PROGRAMME
From Z.B.W. on a wavelength of 355 metres (846-kilocycles):
6-7 pm. Hongkong Hotel Dance Orchestra.
7 p.m. Stock Quotations, 7.03-7.30 p.m. Light Music,
Orchestra
Handel in the Strand (Grainger). Mock Morris Dances (Grainger). Turkish Patrol (arr. Lloyd). The Forge in the Forest (arr.
Agca. (arr.
the
E down Finck),
Falling in Love again ("The Blue Angel").
7.30-7.40 p.m. From the Studio. "Pictures
Fanny
on Parade" by Film
7.40-8 p.m. From the Studio. Musical Reels from the R.X.O. film "Roberta" showing at the Klag's Theatre shortly,
8 p.m. Time and Weather Report. 8.03-11 pm. A Relay from the Leo
Theatre (Chinese).
11 p.m. Close Down.
8.30-10 p.m. European recorded music from E.K. on a frequency of 640 kilocycles.
chance,
one
more
9.30-9 p.m. Concerto No. 2 in F Minor. Op. 21 (Chopin) pinyed by Arthur Rubinstein (Pianoforte) and the Loudon Symphony Orchestra.
9-9.47 p.m. Variety. Piano Solos-Just
The Queen was in the Parlour,
Raio da Chata, Vorni Duet-Mood Indigo.
Layton and Johnstone, Orchestra A Night with Paul The market for Cotton piece goods
secur- who have been described in Can- remains very quiet and
ton as the "British Goodwill Mis-Whiteman at the Biltmore.
Songs-The Very thought of you; general are inclined to be easier. De ing of a safeguard against liveries are very poor and it le:course to arms is particularly con- sion." returned to the Colony, lust
# great achievement, night ntuch impressed by the in-A Place in your heart rumoured tut somo merchants are sidered
Sam Coslow, (Tenur). Organ Solos-Brondway thru 11 giving extra discounts in order to get which may go a long way to help-dustrial and civic development.
KeyholeSelection. Foods cleared which only helps to de-ing the solution of the whole pro-achieved in the last few years.
blem.
and thoroughly pleased with their
Take a Chance-Selection. press prices further,
reception in official and business circles.
prices in
-
The Intent Cotton prices 16 hand It is regarded as a persona¦ suc- are these of the 23rd inst.
cess for Captain Eden's tireless American Middling "Spot"
efforts in the cause of prade.-- 6.644. Reuter,
n
livery
**
hvery
May Do
Dec.
.7,018.
Much time was spent in inspect- ing the beginnings made in the National Reconstruction Scheme, and amongst the places visited were the cement works, the power station. the chemden aml tex- tile works, etc.
But another factor, almost as important, has also been disclosed
League's Prestige Saved by
developments. recent
Just about (wo month age cotton Egyptian Sakel. P.G.F. "Spot" .8.1. |
Paris, May 25, futures in the United States broke
Woollens. Although forward The League has escaped a damage almost $ bale before a recovery. set in and prices finished some 86 business continues to be hampered by ing blow to its prestige, arcording
exchange fluctuations, some arders to French opinion, and the bale below previous levels. The fare reported to have been placed In papers generally handsomely decline placed Amerigan cotton at Wool Venetians, Meltons, Coverts, pliment the League on its accombe placed before long. a near parity level with competi- Suitings arat Serges of British and plishment.—--Kruter,
Continentni manufacture, but the live foreign grown staples.
Most cotton men expected ex-quantities are very small. There are porta to rise. However, this was no sales reported of Japanese Wool.
WAS
The
continue to
news-;
Other enterprises are projected con- and many important orders will
1
The Provincial Chairman gave Italian Press Satisfied
a dinner in honour of the Mis-
lens. Wool prices
ไม่
sion, the Canton Chamber of Com- Rome, May 26. not true and while some improve-firmer, but the advances are not ye!! ment
The press has expressed consider. merce entertained them to lunch, shipments reflected in the price of piecegooda. recorded abron have fallen far below thei
able satisfaction at the Geneva de-and the British Consul-General Metals: The Steel market, has re-
honour. most pessimistic forecasts at the vived somewhat, and business up to cision, which is considered a victory gave a farewell reception in their
been, for Italian diplomacy. tons of Steel Bars has beginning of this season.
Hopes were expressed that fre- difficulty of obtaining. American Placed.
The Important thing, said the One or two dealers are still holding Foreign Offee spokesman, was that quent exchanges of visits between dollar exchange abroad is the
ALocks slightly over normal, but
will be the out- primary reason for this fact.generally speaking, dealers can
still the 1wo countries were left to the two cities South American currencies are at purchase more without any fear of settle mutters between themselves, come. great discounts in relation to the over-stocking the market.
Italy was willing to come to a settle: dollar and therefore are attractive
Home prices reinin quite firm ment and it was hoped that to the foreign purchaser of cotton. with upward tendency..
Abyssinia was too. Cotton men here said the present Flour.-Stock: 100,000 bags. Mar-1 policy of the Administration, with ket: Dull. regard to processing taxes, the
A.A.A. loan programme and the VALUABLE refusal of this nation to enter into barter agreements with foreign countries Incking the necessary dollar exchange, is nurturing com. petition from other countries.
DEFINITE THREAT
BRACELET
MRS. FISHER REPORTS LOSS OF $2,000 JEWEL
Signor Mussolint in his speech to the Chamber to-day declared that (Walwal incident. arbitration must be limited to the
Referring to "those who wish that Italy should concentrate her jattention on defence of the
Industries Inspected
Canton, May 26. Ideal weather conditions added to the success of the visit of the
"Good-will Mission", who were very favourably impressed by the municipal and industrial progress | of the city.
Although some of the visitors
Terence Casey.
Vocal - Cuban Tango. Xylophone Solo-12th Street Rag. Harry Robbins, Voenl My Songs from the Show. Marie Burke (Soprano). 0.47-10 p.m. Albert Sandler and his Orchestra 1. Bird Song nt Even- tide: 2. Gipy Moon: 3. A Little Love, A Little Kiss; 4. Because. 10 p.m. Press Bulletins. 10.65 p.m. Clase Down.
ZEESEN PROGRAMMES
This Evening's Broadcast From The German Short-Wavers
Special ilateBers
Fullerwen
programmes or Far Esalern well to broadcast from Zersers a
SOUTH ABIA ZONE
South Asia Zam, browdcast from · DID, (19,74 metres) and D3N (81,45 metres).
(.45 p.m. D2R, DIN Announcement (Bern
Engl.) German Talk Bong. Pro- gramme Forecast (German, Eng- Jab),
S
p.m.
5.30 p.m.
A play for children: Fallads and the Goes Girl, Arranged by A. Tenger, After R Fairytale by
Grimm.
News in English.
Berlin
5.45 pm. The Comie Main
Theatres. A Variety PGTRIILE, 4.30 p.m. A Talk by Gen. Medizine)rat Richard to about the Work of Robert Koch (In celebration of the 25th Anniversary of the great avant's death).
€,45 p.m. Now in German
7 p.m. Concert of Light Hult.
p.m. News In English.
B. p.m. Close down DJB, BJN (Germ..
Engl.)
EART ABIA ZONE
East Asia Zone broadcast through DJA an
The loss of a platinum and Brenner Pass against Germany, make occasional trips to this city, diamond bracelet containing 46 and so prevent her from becoming this is the Arst time they have graduated diamonds and valued at į mobile,' Signor Mussolini de had an opportunity of inspecting $2,000 is reported to the police by clared that all of Italy's frontiers, the industrial plants under gov-18 metres, and DJM ($1.45 metres). Mrs. Fisher of No. 10, Bay View Including those of her colonies, jernment ownership and operation. Mansions.
were sacred and must be defended ¦ against every possibility.
Members of the Mission were gratified by the cordial reception/ they have had. He concluded, "We are ready to A leading member of the group
to-day that face all our responsibilities, even stated.
economic
the gravest, with firmness."Ren-nationalism in Canton, as indicat-
ter.
Mussolini Speaks
Rome, May 26.
ed by the government operation of industries, does not materially affect close trade relations with
.. DJA, DIN Announcement (Germ.. Engl.) German Folk Song. Pre ramms Forvest (ferm.. Enal! 9.10 p.m. A Talk by Lydia Golinebrwaki about German Women Poets of To-day,
9.45 p..
10 p.m.
11 p.m.
News in English on DJA mod in Dutch on DIN.
Popalar Orchestral Music. Robert Horh and his work. Geh.
Medizinalrat Richard Octa celebration of the 25th Anniver явгу of the KITL BATANLA denth)
11.15 p.m. New in German un DJA and
DJN.
11.30 p.m. A Gay Doaquet, Vocal and
Muara Suite, 12.15 am. News In English on DJA and
In Datch on DIN. 17.20 .. Cloes down DJA, DJN (Germ.,
Engl.)
DAVENTRY PROGRAMMES
Brazil during the past year grew from a potential to # definite threat. Production of cotton in that nation has trebled compared Mrs. Fisher states in her report with the 1982-33 crop and is now that she was on the way home estimated at slightly in excess of from the Peninsula Hotel between 1,100,000 bales. Many of Ameri- 2.30 and 3 o'clock on Saturday ca's export markets have been afternoon when the bracelet was captured by Irazilian enterprise lost. So far it has not been 10- and while American 'exports have overal. dropped. some 2,500,000 bales behind a year ago, exports of the in most directions only prepared Signor Mussolini a speech to Hongkong, as in the long run to depend on many South American country have to satisfy their imperative needs, the deputies said that the Euro-Canton has risen to the largest in its history indian enquiry has been moderate, pean tension is decreasing, but he Hongkong. An exception, he be [commodities supplied through Cotton observers fear the same Calcutta is taking Dhooties and said that the Abyssinian mennee Heves, is the local production of situation may develop in the light bleachings, "while Karachi was steadily increasing. Argentine..
was interested in light white "Abyssinia has been importing sugar which can be manufactur- Japanese competition in the qualities. Singapore has taken war materials and training soldiers ed from sugar cane, and cement goods market has reached a point small lots of white shirtings and since 1929, and "only those of bad for which local limestone is used. where mill men are clamouring for lawns. China has given very faith can protest against the milit-ongkong can be of much assist-- an increase in the import duty on little support, while West Africa ary mensures that we have takence to Canton, as its deep sen cotton cloths. While American hns taken a few lines of printed or are going to take."--United |port.
The following ware-lengths and frequencice mills have been forced to curtail and dyed cloths. Demand from Press.
The Hon. Mr. W. H. Bell, Chair- | are observed by Daventry,
Cell Bign Frequency Wavelength operations alinrply, Japanese mills South America has been better.
man of the Mission, said that the visit was "a very important occa- are running at the highest rate in with useful orders for finished their history and their products goods.
sion, and marked the beginning South Africa Was 21
of even closer relations between are now underselling American-healthy purchaser of drills and The 86th Session of the League Canton and Hongkong than in the made goods in the American poplins, while operations by the Council closed this afternoon past We all know that in many market by as much as 33.173 per Home Trade has been very small amid a shower of bouquets from respects we are dependent on each cent.United Press.
In yarns, the market has been all quarters for Mr. Eden. It is other, and many of us feel that sluggish, although there has been particularly significant that Baron still closer connection would be LIVERPOOL COTTON REVIEW
a better demand for Egyptian | Aloisi praised Mr. Eden's broad- beneßeist." yarns for export to the Continent. tuinded comprehension. and ex pressed. great appreciation of what
Liverpool, May 25.
In the "spot" raw cotton market-Reuter, during the past week there was a i
fair turnover.
League's Other Tasks
Geneva, May 26.-
had been achieved.
BOMBAY COTTON REVIEW
M. Litvinoff also paid tribute to Bombay, May 25. The raw cotton market has ruled Mr. Eden's skill and tactfulness. fairly steady during the past week. The Council Annily disposed of In spite of the hesitancy of the the Hungary and Yugo-Slavla dis-
York market,
the pute. Hungary would 'continue to with
Similar sentiments were UX- pressed in a speech of welcome delivered last night by Chairman Liu Yun-kal, at whose invitation the visitors eline to Canton.- Special.
The Health Bulletin of Eastern
1ጊ። follows:-Plague.-Bassein
1
Paon-Fenh
1
In the futures market, the in- creasing tightness of the "spot" situation, owing to the scarcity, of American cotton here, was respon-New sible for the appreciations of buoyancy of Broach cotton, the old take all measures against terrorist near positions and weakness of April/May position was still an action and supervise Yugo-Slav ports for the week-ending May 18, is distant options. Actual business outstanding feature, resulting in a emigres, espeotally vigilantly has been small and speculative in-widening of difference between tightening up control of foreigners case, Hangeon 1 case, terest was negligible.
this contract and July/August, and passports generally This is case, Cholera Bagsein 2 cases, Cat- The Egyptian section has been partly due to short covering and to the aftermath of the assassination cutta 190 cases, Rangoon 2 cases, quiet, with fluctuations very transferring of short sales to of King Alexander of Yugo-Slavia Chittagong 17 cases Canton
at Marseilles,
Small-pox-Bombay 61
cases, Cal- narrow-Reuter.
July/August,
The market has not shown any The dispute in Danzig arising cutta 62 cases, Karachi 2 cases,
Madras 5
санса, spinners are from criticism of the High Com-Rangoon 8 cases, Tuticorin CABOS Negapalam 4 cases, improvement and indifferent owing to inability on missioner, Mr. Sean Lester, by the Vizagapalam 23 cases. Singapore 2 their part to clear up their stocks, head of the Danzig Government, cases, Haiphong I case, Hongkong.
Shanghai 4 casos, Osaka 1: while export business has been was referred to a court of juriala. cases smaller than last week-RouterRcutor,
་
MANCHESTER MARKET
Manchester, May 25.
There has been no real improve ment during the past week in the cotton cloth mürket, with buyers
case
1 case,
To-day's Broadcasting From
Four Transmissions
19.82 metros
LOUNGING SUITS
with Cossack Collars from $8.50
SLEEPING SUITS long or short styles
from $4.50, $7.50
LOUNGING ROBES of art 'silk and cashmere from $17.50
LEATHER SLIPPERS In all sizes and colours
from $7.50
for your hours of ease
ALL LESS
25%
DISCOUNT ̧·
until
next
SATURDAY
MACKINTOSH'S LTD.
Men's Wear Specialists.
The NEW STANDARD SIX SEDAN-the ideal closed car for the family.
CHEVROLET
In addition to the all-important chassis features which give to each New Standard Six Model its splendid durability, performance and economy, the Sedan exhibits such refinements as the follow- ing: Long wearing, leather upholstery; recessed arm rests in rear compartment: carpet-covered foot rest; pockets of the upholstery material on back of front seat and on the right front door; robo rail; push button internal door latches in door mouldings and the various other equipment ordinarily looked for in cars of much higher price.
FAR EAST MOTORS
༈ " 9-tཧྥ
Instal a
26, Nathan Road, Kowloon.
Telephone 59101.
GAS GEYSER
and be sure
of
HOT WATER
at any time
MONTHLY
HIRE
GSA
$.050 k.. 19.89 meirea
GAD
510
ke.
$1.10
GRC
9,585
kt.
31.30 maltem
СЕП
11.710 k.c.
23.13 mstrea
CHE
.11.65 ke,
25.28
metras
CSP
15.140
сяг
k.t. ,17,790 k
16,56 - metros
691
35,260 - k..
19.44 maizes
OBJ
21,540 k... 11.98 met
CAL
"UBIT21:410-46~~+8;#7 — swetran
130 kr. 49.10 metres
Transmission 5
(0.9.C. and G.S.D.)
7 .m. Dia Ben. A Roman Catholic Ser
vice.
7.45.m. Tanes of th Tritish
Composer of the 19th Century. The BN.C. Empire Grekeztea. Greenwich Me Blenal at 12 Midnight 8.45 Weekly Newsletter and Aparte Rum-
1.5
mary,
a.m.. Close down.
Transmission 2
1.8.F, and dad
7 p.m. izn. THE 1.1.C. Northern
tiekarten, 7.30 p.m. The ... Dance Orchestra, directed by Henry Hall. Greenwich Time Hignat at Noon 1.16 p.m. Milltary Banda. 3.45 p.m. Aperte Talk. 1 p.m. Arthur Balisbury
chestra." 5.30 p.m. The New
9,45 p.m.. Ciane dewa.
and
bla Or
Transmission 3
10.8.7. and 0.8.0.)
30 p.m. Big lat. The Belfast Wireless
(Continued on Page 5.)
HONG KONG & CHINA GAS CO., LTD.
Showrooms-Gloucester Bldg.
246, Nathan Road, Kowloon.
Telephone 28181.
LISBON ACCIDENT
WARM SEAT FOR CABINET WHEN MORTAR EXPLODES
Lisbon, May 20.
periments with a new mortar, which formed part of the pro- gramme of the military man-
oeuvres.
blow Tho mortar
up almost directly beneath the Minatorial
stand. Eighteen persons were The entire Cabinet narrowly es-injured, two of them seriously. —.
caped being blown up during ex-Reuter.
"