1924-01-04 — Page 4

For Winter Wear

"Henry Heath Felt Hats Aquascutum Overcoats Woollen Mufflers

'K Shoes-Spats

Woollies-

Gloves

Mackintosh

& CO., LTD.

Men's Wear Specialists.

Alexandra Balidlag, Des Voeux Road."

N

THE HONGKONG DAILY PRESS, FRIDAY, JANUARY

COLD CREAM AND FACE CREAM

...

Daggett & Ramsall's perfect Cold Cream

Pond's Cold Cream

Parks, Davis Cold Cream

Parola Cold Cream (Theatrical)

Honbigant's En Brante Face Cream

Hind's Honey & And Cream

Legrand's Secret Jolly & Rose Juvenile

Fond's Vanishing Cream

Yardley's Face Creaza

Ven-Yu

Yuss Toilet Cream

Stearn's Feroxide Cream

521

Suilman's Freckle Cream &

Creme Simon.

THE CHINA DISPENSARY

69, QUEENS ROAD C.

.EAST OF CENTRAL MARKET."

CROCKET & JONES'.

"HEALTH

BOOTS AND SHOES.

Well-known for their Fine Wearing Qualities and Distinctive Styles. Your attention is invited to the Fine Hange of Newest Styles Just Received.

THE SINCERE CO, LTD.

47

WHITEAWAY'S STANDARD VALUES.

**

THE DAINTY

THE DAINTY HANDKERCHIEF FOR LADIES Exceptional Value in White Lawa, with Nestly Hematit ched Hem, Bire 121y 12 in.

STANDARD

VALUE

PRICE

HANDKERCHIEF $1.25 Doz

THE "THREE KNOT”

BRITISH MADE

ART SILK HOSE

FOR LADIES

A really splended valne in Art Elk Hose,

Will not ladder. Stocked'in Black, Ivory, Negger, Grey, Tinsel Guld.

Size 9 to 101 and

STANDARD VALUE PRICE

83.50 Pair.

THE CELEBRATED

"Three Knots"

- THE OUTSTANDING

FEATURE OF THIS

FAMOUS HOSIERY

IS THE FACT THAT 1

IT COMBINES RICHNESS OF

APPEARANCE WITH. SATISFACTION IN, WEAR AND WASHING

ART

SILK

HOSE

BRITISH MADE

WHITEAWAY, LAIDLAW & CO., LTD.,

HONGKONG.

EET FIGATIRES......

COVERING PERIOD JANUARY TO DECEMBER, 19.23 Raw Sat. TO EUROPE

Bales, Year 1923 13,94 1099..... 19,595

+

Decrease...........

ཆུགསུ།

Decrease

TO AMERICA

Bales. Year 1923..... 39,931 1999. 43.288

3.352

WASTE BILK.

TRADE IN 1999. CANTON SILK TRADE. Stooks were small at the opening of the year and easily liquidated through a fair demani from Lyons and Now York. During January, owing to many political complications, the cargo boats betwéca Canton ak the Silk district stopped run- ning and arrivals were, therefore fer seme tumo suspenckal

America enquire actively for New A steady business has been done for all Sig

Consuming centres. Export 5gares shew- during February, and by the int week in March about 15,000 bale, hading an increase on the previous year. been booked, a small percentage changing pierced Cocoons have not been booked in hands for Lyon Pricot advanced rapid large quantities owing to the high prices ly. Business was at one time seriously dialoguted, oning to the strike of Tele demanded by native dealers

which luckily operators, graph

tted, but not without causing consider ably

15 wala and loss to business,

continued steudly during the next two months, prices keeping on the suhe level. With the approach of the Increase. crop in

Cauton, and those in other pre ducing centres, demand a round fell considerably, and the middle of May prices had based oferably. tract by that time were estimated at 20,000, bales and Filatures were well book ed ahead up to Augest The price f Silk, which onght then to have eased aff more, was defended by sellers withdraw-

info

sympathy, with Yokohama,

**

TO BUROPE.

Piculs. Year 1023..... 23,527

1922. 20,233

11

3,294 Increase

Con

market followed general downward trend about June, in the total abene of Jet, and, Business wate

r

1931

TO AMERICA.

Pieni Year 1993.... 20,320

1992.... 14,307

10.013

Pierend Corvoni.

TU KUROTE

Piculz. Year 1923 1,380 1099... 2,738

TO "AMERICA.

Picnls. Year 1923.... 1,004 19321,178

Derrcase.... 1,389 DrereZMO

YARN.

78

On the whole the Indian yarn trade of Lyons market, but the erratic movements the Colony for the year 1923 went through of the Fraze exchange precluded the pos difficult time, contending with one sibility any estimaire.

The market adverse factor after another, from the remained weak during that period and intermittent disturbances in the consen prices fell off more when it was establishing centres to the very great competition that the 4th crop had turned out of Chinese and Japanese yarn which are exceptionally well

small business with gaining more and more ground in sup August 2

planting the Indian prodnut. France, which market remained through- of out a

spectator owing to the hamliesp exchange

Prices would have declines rapidly at this juncture, but the country districts were affected by severe

Д series

the aggravated by one of August 18th

the port of and the hinterland. On necount of the adverse conditions, 70% of the Filatures were unable to work, the results of the 5th Crop was poor, and most of the Mult berry plantations were so much under water that grave fears were entertained as regards adequate supply being avail- ahle for the sacceding crops, Stocks of ready Silk were at that time estimated at 12:000 bales,

of tybpoons!

affecting, as it did the Hongkong denee of an upward tendency, but with

in

It is

It is impossible to go into details of the terrible cataclysm which befell Japan September. It is, however, posible to demonstrate how speculators took advan tage of this calamity and entered the market, which resulted in an unpreceden at abnormally high prices ted activ that 10.000 bules were sold | during n few days. Price jumped up $100.00 per day and reached $9.430 from starting point of $1,900. The Silk mark literally became an auction and to the highest bidder went any small lot which the Chinese were willing to let

An activity

ity of this

nature must per force have its aftermath

Speculators soon found themselves loaded up with dear Silk which they were

were unable to sell ina-nach as the earthquake in Japan had not affected the

the Silk producing centres and Silk shipments from Yokohama

suspended for a comparatively short A panic was further averted

Were

the action

of the Silk Accia

of America asking its members not to deal in Japan Silks until the Yoko hams, or Kobe, market had officially opened.

sharp advance of prices had so far shaken the confidence of manufacturers that demand fell off during the month following the earthquake. Cousuming contres have a fair amount of speculators who have Silk to adload, and who are un derqueting producing centres Prices have gradually eased off to somewhere near pre-earthquake values, but, even so, very little business resulta.

The

just closing has been unique Canton. After the

operators,

suspen- onthe River, we have

in the strike of

In the beginning of the year the prices for No. 10s were in the neighbourhood. of $100, with Exchange at 165. A fair business was done, after which things kept very quiet but, as Exchange Jui proved, comparatively lower prices pro ailed. The raw material showed evi-

the trouble in the South business was checked to some extent and stocks hegan to accumulate rapidly. The trouble at times was partly mitigated when some business was transacted at prices far below replacing costs, but the only ready outlet that used to be found was Yunnan. This province, which took only Indian yarn in previous years, now imports a fair number of bales of the Chinese pro- duct, but through Hongkong."

The market kept on the quiet side until the regrettable earthquake in After this catastrophe, which Japan was the cause of disorganising one-fourth of the cotton industry of Japan, as well as destroying a substantial amount of vam and raw, cotton, cotton began to rise rapidly owing to the short crop in America, which is now put at 10,081,000 hales. Prices rose very quickly and with the firmness of the Shanghai and Bom- hay markets, values were far too high for dealers, who only took yarn for their immediate needs." The prices have since heep continually rising. ultimately, regis tering an increase of about $40 per bale, but even with this rise it is very far below replacing costs at the present prices of the raw material. This rise bas greatly affected consumption.

One notable feature is that coast ports, which drew their supplies from here, are now taking their entire needs from the Shanghai mills.

No. 10s closed at $245, Exchange 162 Japanese yarn has not been very con spicuous since the earthquake but, as regards Shanghai yarn, owing to the rise in cotton the mills are losing heavily on their output at present. To curtail their losses the nilla are now working short time and will probably close after Chi- good nese New Year, but those with financial backing might resume work when they find both ends meet. It is said that some of the Chinese-owned mills, which have been badly hit, may close down altogether.

Trade for the greater part of the year

sion of traumerable typhoous which has been unzemunerative but, owing to

and

Euston Braphication

witnewer have all directly affected the Silk centres the sudden rise in prices, importers havo The various factions at war in this Fro recouped their position by the stocks vince have further interfered with trade that were bed before the rise took place. And

sprinti the past during

months train The Chinese dealers have been more with fortunate and this year has been very

much better for them than 10 The position at the close is not very The estimated total cleamnees of In- encouraging. stocks are heavy, and there are large dian sara for-1923 are 71.000 bales as supplies in the country at present und against 18,000 for 1920. reeled. Unless a demand sets in in the

has been

Demand has fallen off.

ear future, many Silk holders will have to face big losses in this forthcoming year.

THE FOLLOWING FIGURES SPEAK FOR THEMSELVES.

Jan. Feb. Mar. Apr May June July Aug. Sep. Oct. Nov. Dec.

Extra 13/18.com- quoted 1,850 2,100 2,260 3,300-2,160 1,940 1,980 2,600 2,400 2,050 2,230

Bead 1 13/15 ****

Petit Extra 13/16

gou

» - $0/22 R/R...: 1,890.

Beason

8,000

YUNNAN TIN.

MADAME HINT

NOW

IN

NEW

PREMISES

OLD POST OFF.CE BUILDING

CORNER PEDDER "ST. AND QUEEN'S ROAD

Europe-Avia Entyr maday! Trading C

OLD POST OFFICE BUILDING

IN

A FEW DAYS

AGENTS FOR

A Michelin & Co. Tyres

Camion Freres of Vivier-au-ourt in France. Hardware. Forges de Marchienne-au-Pont of Belgium. Steel Works.

Electric Fittings. E. 0. Grammont and Company of Paris. Vachon Bayoux and Company of Lyon. Perfumes and Soaps,, Giraud fils of Grasse and Paris. Perfumes and Soaps. Brocard and Company of Moscow in Russia

and of Paris."

Perfumes and Soaps. Perfumes and Soaps.

Vve. Godet of Paris." Paul Tranãy of Tourcoing in France, Soaps. Societe Metallurgique de Tournus in France.. Aluminium Ware. Liqueurs de l' Abbe Francois of Voiron in France.

A la Marquise de Sevigne (Rouzand) Royat of France.

Chocolates

& Sweets.

ELECTION HUMOUR.

Addressing n meeting in support of the Conservative candidate at Kingston- br. F. G. Penny (formerly of Singapore), un-Thames, speaker became stuck in a sentence which he began with "Yes." Inevitably, two or three wags in the audience raised a laugh by completing sentence with a refercoco

1923 has been a poor year for the tin business in Hongkong. The year began with fair, promise and there was a fair amount of business, with the Hongkong price at about H.K. 800 per nicul, though the stocks remaining over from the pre- July when a steady demand set in, The particularly for forward positions. From vious year were unusually small. price advanced, and the stocks in Tun- then and until the end of the year, a nan and Hongkong were gradually clear robust undertone prevailed, and the trad ed until there was little supply left The ing which took place must have been price of Yuncan an was, then. some profitable,

The terrible disaster in Japan caused considerable time in the year nuanced to the level of that of Straits tin which, that country to be an eager buyer for under ordinary circumstances, should be prompt and near positions. Enquiries came in freely and a considerable busi- higher in price than the Yunnan tin. On account of the bigh price, business ness was done. The demand was so great in Yunnan tin became restricted

that the price of fair average nasort- The total exports from Hongkong in ments red from $8.50 to over $11 per Someone called Penny was & Labour 1923 amounted approximately to 8,000 case ex warehouse Hongkong Practic candidate (this is not the Singapore tons, as compared with 12,300 tons in cally all the spot stocks were sold, and Penny, but the other copper), 1922 of these 8,600 tons about 3,500 tons in presence of indications that the Labour party, however, wants more thank were exported to the United States of Japanese demand remained unsatisfied,a Penny. America and 1,400 tone to Japan, while local dealers held out for even higher, Penny all the way." Placard of Mr. the United Kingdom took about 400 tons, prices. Towards the close of the year as F. G. Penny (Kingston). When the year closed the local price in high as $12 per case for prompt ship-1 Hongkong was H.K. $120 per picul, the ment was asked, b highest point reached during the year

WINDOW, GLASS. į

the

bananas.

Tho

in the primary markets also

le is attributed to the civil considerably during the lasting off in trade is" quarter of the past year, and present disturbances in the neighbouring pro- levels, are not far off market prices at vinces and the general lawless state of the country, Considerable difficulty was 88 The turnover of trade during the year this end

1009 was relatively poor and consequent. On the whole it can safely be said that experienced in moving bogs from the upon this, spot stocks were allowed to the year 1923 has been a prosperous one interior to Hongkong and as a result, run on the low side. The year opened for those interested in the window glass arrivals fell well below average. This op with fairly good prospects, market trade prices showing slight advances over those which ruled during the last quarter of 1999 However, this did not last Jong During April/May, prices here hegan to ang in sympathy with declining values in the producing centres. Market condi- tions here remained generally poor until (Continued at foot of next column.)

000% B1/FOX

1922/1023..... 7,000;

LARD.

caused a scarcity of raw material lead- up to higher prices. During the early part of the year, lard was quoted around $29.50 per pical, but by gradual advances Trading in lard during the past year the quotation at the end of the year picul Unless lard ena Outside stood at 937 Jerel well below the sho was singularly disappointing,

of the regular native business with Java be sold at a and the Philippine Islands, the value of price there would seem to be no prospicet. exports was indeed negligible. The fall for business during 1024,