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Quality Cleaning
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ANY
makes really good cleaning-
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THE STEAM LAUNDRY CO.
Head Office & Works Tel. 37032. Hong Kong Depot Kowloon Depot
Tel. 58906. Peak Depot
Hotels (Visitors only)
•
Tel. 21270. Tel. 29352.
CONFENRISTITI MONTEZUMATÇIns;
The nasty flat taste
on waking in the morning is due to an exces- sive development of bacteria in the mouth during sleep. The infallible antidote is rinsing the mouth with Odol retiring to rest
THE HONGKONG
TELEGRAPH.
Statement On Silver Policy Anticipated
America Waiting For Roosevelt Speech
London, Dec. 21, President Roosevelt's engerly awaited statement regarding (10 United States domestic silver price, 11 is now thought by market circles, will be made on December 30 instead of December 23.
WEDNESDAY,
an ounce for forelim aliver, there would probably be a rush for bear covering with an ensuing sharp rise in price, though the advance would bo limited by the fact that Mexican silver will be offered in London when the prico in over 203. un ounce.—Neufcr.
SILVER MARKETS
Offerings Small In London Session COVERING BY BEARS
London, Dec, 20.
"spot" Silver-America bought
bears covered "forward.
ward." whilo
Market stendy. Offerings small. After the oficial fixing, the 'market was quiet but steady, with prices unchanged. Small business with bears covering and speculators buying, but sollera wero reserved.
Forward
Apart from the paramount question of the maintenance of 43 cents an ounce for foreign silver, Mr. Roosevelt muy indicate whether he is prepared to renew the expiring agreements with Mexico and other American Spot producers under which the United States absorb the bulk of their pro- duction. In this connection the market considera na significant the recent talk between the Mexican Finance Minister and Mr. Morgen- thau, Treasury Secretary.
It is realised that discontinuance of the Mexicon agreement would be disastrous for silver, which effect Mr. Roosevelt Is hardly likely to bring
about in view of the con sequent drop in value of American holdings. On the other hand the United States Government may use the expiry agreement as a bargoining | weapon to induce Mexico to adopt ä more reasonable attitude with foreign oil producers. A feeling of nervous- ness was reflected in como Mexican bear sales last week.
Market Optimistic
The present nervousness is caused by the realisation that the recent price will not hold for long, but the upward adjustment indicates that the market on the whole takes u more optimistic view of the altuntion.
Last Price To-day's Price 19.10/10. 19. 18.5/101. 10.9/10.
liauter.
Decline in Spot Price
London, Dec. 21. London silver prices to-day were down for "Spol" and unchanged for "Forward," na follows:
.
Spol Forward
Dec. 20 Dec. 21.
19
187%
10% 182 Our Own Correspondent,
Bombay Allver
Bombay, Dec. 20.
Market!--Steady. Offtake: -150 bars,
To-day's Dec. 18. Quotations
Indian Mint Bilver:
Ready Dec. 28 Beltiament 4101 Jan. 20 Bettlement 47.02
47.01 40.15 47,03 46.15 47,03 47.00
47.04 outer.
Unofficial Quotations
Bombay, Dec. 21.
To-day's
Last Price
Prito
47.03
47.03
Indian Mint:
Heady
Dec. 28
Jan. 20 ............ 41,04 Markot:--Stendy--Rexter,
Indian Imports
40.01
10.01
49.02
Bombay, Dec, 20. Import of silver Into Bombay dur- ing the week ending December 18, totalled 50,453 rupees, compared with 129,275 rupecs during the previous
It is pointed out that the techalcal position has much improved the bull interest and it is now estimated that only 3,000,000 ounces are bigger than that of the bear, as compared with 30,000,000 ounces previously. Also the bull position is held in very week-Reuter, strong hands whereas the bear con- sists of numerous small continental and other sales.
Some bears are now covering, but December
March should Mr. Roosevelt decide to re- May new the agreements and pay 45 cents
Montreal Futures
Montreal, Dec, 20. Dec. 10. Dec. 20. 41.451
41.803 40.00b/42.403 40.056/42.20л
Hanter,
40.50b/45.90a 40.000/40.750
SALE
NOW ON
THE SHUI HING CO.
THE CENTRE OF CHRISTMAS GIFTS
187-195 DES VOEUX ROAD CENTRAL ·
YOUR CHRISTMAS SHOPPING WILL BE MADE EASIER BY A VISIT TO OUR STORE
HUNDREDS OF SUGGESTIONS
TOYS
FOR YOUR XMAS NEEDS
DECEMBER 22,
1937.
He dared not
tell his
Wonder why they've hired that new man? There's no work for him unless they get rid of somebody...
MRS. CLARKSON HAD BEEN
NOTICING HOW HER HUSBAND WOKE TIRED EVERY MORNING- IT WORRIED HER... SHE DECIDED TO SEE
A DOCTOR
wife!
Amunks:
IT'S BOUND TO
BE ME THEY (SACK! I'VE BEEN SO TIRED LATELY
AT THE DOCTOR'S
You see, doctor,
my husband even wakes tired
Oh Mr. Clarkson! I want you to incet Mr. Francis. He'll be working
with you in this department.
That shows where the trouble is. You see, breathing and heart actions bum up energy even while we sleep. Unless he replaces energy during sleep, of course he wakes tired- Night Starved, in fact.
Put your husband on to Horlicks
TWO MONTHS LATER Congratulations! Mr. Clarkson
we're making you head of our new department. Your work has been splendid lately
Darling all to you!
I owe it
I JUST CAN'T AFFORD TO LOSE MY JOB - I'm still paying for the house and
furniture/
and so Horlicks every night
Does your Insband
unke tired 7:
Wrain-power and efficiency, he can't
WVJAKING TIRED reduces a man's
do his best work ---- it makes him feel un- certala! Remember a cupful of Horlicks last thing at night casures the right kind of sleep-gives a man vítality and energy all day.
HORLICKS guards against Night Starvation.
ROMBON TUXEDO
INSPECTIONCORDIALLY INVITED (SHOPPING. HOURS TO-DAY:—8 A.M. TO 10 P.M.)
Ronson TWENTYCASE
What Would Christmas Be Without A Stocking?
Give HER something she
would not buy for herself:
.
Two or three pairs of good
hosiery
the
kind she will appreciate.
AND one of the new
silver cuff bracelets, the present vogue.
It takes only a minute of your time to 'phono Gordon's -- who will do the rest.
GORDON'S
OF COURSE !
WHEN AT HOME
THE HONGKONG TELEGRAPH
MAY
BE PURCHASED AT
SELFRIDGE'S