1928-10-11 — Page 2

Page

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11

THE HONG KONG DAILY PRESS, THURSDAY, OCTOBER 11th, 1928.

THE WORLD'S RUBBER INDUSTRY.

SEARCH FOR A NEW PRICE PLAN.

BRITISH, DUTCH AND AMERICAN INTERESTS,

AN AMERICAN VIEW OF THE PROBLEM.

The Christian Science Monitor" gives the following clear and able review of the rubber problem. It states the American view point but is not the len valuable on that account to English readers:

-SLOTTED WINGS DANGER...

FOOLISH USE OF FLYING SAFETY DEVICE.

HONG KONG STOCK EXCHANGE.

CLOSING QUOTATIONS,

Octoner 10ta, 1998,

nom. 0...£lij nam. **འ་སམ、ཟ201

$77 DOM.

There is considerable danger at present that the Handley Page Automatic Slot, designed to make

A.K. Banks......................................$1,935 vel. Do Londonšu nom. fying safe by ensuring control be- Chartered Bank... buy. low flying speed, may precipitate Marcantile Banks, A. a...

Do.. more accidents owing to the reck, & 0. Banks less misuse in the first rush of en- thusiasm

of a device which, As a matter of fact handled properly, has made the Dutch bankers are said to be more modern aeroplane almost fool-Yangtze insurances... $50 nom. perturbed over the anyone else. They have been reap-proof. ing the rich harvest from their da vestments in Dutch colonial planta tions, and they are apprehensive of the effect of full British competi- tion,

November, NEW YORK.

With American rubber manufac turers quietly holding on to their pooled stocks of crude rubber, the Dutch planters endeavouring to organize a valorization scheme to prevent oversupply, and the British ready to throw the world market open on November 1st next with- out let or hindrance, the outlook

for artificial stabilization is to day considered dimmer than it has been for some time? That there is a sincere desire on the part of the three great powers involved to re- duce the world market for crude rubber to something like stability goes without saying the only dif ference existing between them is

how is it to be done and who is to do.it...

outlook than

"

****.520 bay.

....37 0.

East Aria Bank" Csaton Insurances Union Insurances North Ubins ins.......... 150 bay. Chula Underwriteru ...32) buy., 100 säÏ. China Fire Insurance...75 buy. Hong Kong Hrein........

11800 m2. Douglases

nom,"

The effect of the device, which is now being fitted to many privately owned light aeroplanes and to H... Steamboats ...$271 baj., 27.55 ani. military types, is to preserve for H.K. Tug................ the pilot the lateral control of the Indo-Chinas (Prof.).......1961 buy. From the Netherlands cabled re-machine "if it is inadvertently

(Def.)......372) way. ports have been telling of attempts stalled, and retention of this cou-Shell Transports........ Waterboa................ made to evolve some line of policy tro! nverts the sudden spin and which would put the rubber indus- nose dive into the ground which Banguste.....15 boy.

try upon an

Do

buy.

***.. buy.

Kaulun Mining Azmin.. Langkat (combined)....... 9)-kom,

5'

в дош

D. (singlɓ) ........ T.

persons Tis 2.63 hay.

31 nom.

17/6 now.

155) nom.

Baque **** Tranch Mines H.K. & bu Whar...

assured basis after has killed so many piloss. The in- the termination of restriction. Acreased measure, of control is not well-known Dutch banker is said intended as an encouragement to to have advanced a valorization unsate flying or to the execution of

at once rauge an accident on 1 scheme, but he has been unable to maneuvres low down which would hughes Loans interest the British in it.

machine without slota. Competeatak The British planters ate said to observers, however, of private fy H.K.&W, Docks, In 1992 when "crude" rubber hathe in sympathy with the idea. bating and club, flying inform me that Uains Provienta

it appears to them that legislative new pilots, particularly those in measures by the, British and Dutch the first Bush of their mastery of N

Hongkow****** Governments are contemplated, and a new medium, taking advantage it is asserted it is just this govern of the slots, are committing de mental interference with the econliberately the omic working of the industry that errors:

following flying has proved so distasteful among the planters.

Flying in a semi-stalled con.

dropped to 3 cents a pound. and plantation growers were threaten ed with bankruptcy, England adopt ed the so-called Stevenson plan to restrict the rubber exported from British colonies. At that time were producing British colonies more than 70 per cent, of the

From Ceylon, for instance, the world's rubber. During the war opinion of planters is expressed in rubber had been bringing T cents consular reports as follows: With the Stevenson restriction in

As far as the present phase of uperation rubber exports from Bri-low prices is concerned, we are not tish colonies were redneed to 60 per despondent, for we think i will cent., and the price advanced from

ultimately react to the lasting 13 to 30 cents in the world mar- kets. Later it went to $1 a pound benefit of the rubber industry by

stimulating

consumption in and in one instance, in 1993, to directions, which are

He mow thor $1.95 on a speculative movement.

oughly practicable, but have not yet been commercially possible on a large scale."

Dutch Saw Chance For Proût. The Dutch colonies, however, did not see any good reason to join in the restriction" plan of the British. Instead, they expanded and took advantage of the increased market resulting in part from the inven tion of the balloon tire. As & Te sult of restriction British colonies to-day are producing only about 50 per cent of the world's rubber, having lost the market to these unrestricted plantations.

dition.

..37 nom.

$5.70 BOL „11, 156 zom,

Tis. S buy,

...T. II

Shanghai k... 1. LUS buy., 107 vol. Ewu Caliona «****** Unental Cottons.

Do.

T

Jay. Lean, By Jed S'hai. Cottons (old)......11. §. nom. (169)..............711, 35 nom, HS. EN. Howa ....................$8.70 val. H.K. Landa

oof bag., Shanghai Lands

Flying low down stalled and relying entirely on their engines to keep in the air, commonly known Humphreys Autaten as hanging on the prop."

3.-Making fat turns

near the ground.

4-Making atalled landings with the slots fully open and every frac tion of added control used up.

H.K. Beauties. H.A. Tramways Peak Trame (old)

bo.

Star Forces Unna Light (0)

Do.

fls. 138 bay.

...$24.15 vol. .......$13 buy.

...67 bay,

Do. (1983 Lenez .....$15 num.. H.K. Electrica (shd) ......$53,40 buy.

Do. (LOW! $5 buy! Macao Electricsbuy.

Do.

It should be emphasized that there is no justification, whatever, for any of these stunts, except that perhaps as a definite effort to ascer tain the capabilities of the extend-Talaphozes.......37.15 ed control the last manoeuvre may be practised occasionally. What is worse is that these pilots are flying in a stailed condition low down instead of high up where there is ample margin of, height. pilots, whose machines are fitted

Service

British Not Apprehensive. The British, it would appear, are not apprehensive of what is going to happen when restrictions are fin alty feed. One British trade authority estimates a total of 80,000 tons of invisible supplies available for shipment after November 1st. Against this there will be as esti mated decrease of 40,000 tons in with slots, have also been guilty of the visible stocks in London and the same practice, and the Air It would be impossible to appre-America. He claims that of the Ministry some time ago issued an ciate the present situation without 80,000 tons of invisible supplies, order that all slotted aircraft were this brief review of the history. 32,000 tons are postulated as having to be flown exactly as if they were Experience of the past six years been in existence at the beginning normal aircraft, the slots being has demonstrated that British of the year., The estimated surplus held in reserve. A recent Accident, were working for the rubber (48,000 tons) would exceed which used not be particularized betterment of their competitors. by only 8,000 tons the amount esti more closely, but narrowly escaped These conipetitors, unrestricted by mated for reduction of stocks in being fatal, suggests that this governmentel interference, were London and America. If this cal-order might be re-circulated, and able to deflate plantation values, culation is correct, then the present all those who can exercise any in- over private aviation work out economies in operation price of rubber is too low and it is Auence and get back to a Lasis where they likely to advance before the end of should endeavour to impress upon pilots that the slot is a safety de- could successfully compete and in the current year, crease the areas under cultivation

vice and not one to extend the speed range of an aircraft except in emergencies.

colonies

was

2

W. G. Ormsby-Gore, a British statesman, who had been touring Malasia, strted at a meeting in Malacca

How It Worked With Diamonds.

in the emergencies for which they were originally fitted.

might be willing to have the price stabilized but they would want to de it of their own accord that they could insure the benefits to their individual plantations.

Best Plan For All

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(old) de nou. DG. (10) buy. H.K. Ropes (old)......$7.39 bay, 7 ma.

Do. (now) ... buy. United Asbestos

Dairy Farms..... $22, 30 buy., 29.80 zeli. Watch

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INSURE

YOUR

MOTOR CARS

WITH

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"OCEAN" COMPREHENSIVE POLICY.

EXCHANGE RATES.

BRITISH WIRELESS. BERVICE.]

Rugay, Oct. 9th.

124.15 4.85.3/32

Parig New York Brussels

34.90

Geneva

95.20

Amsterdam

12.00)

Milan Berlin

02.60

20.30

Stockholm

18.13

Copenhagen

18.19

Clo

18.10

Vienna

34.455

Prague

163

Helsingfors

193

Madrid

30

Lisbon

1071

Athene

3741

Bucharest

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5.11/32

Rerised by Members.

Buenos Aires

47.11/32

Bombay

Shanghai

85,

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Silver (spot)

Silver (forward)

27.1/18

'ONG KONG HANSARD RE

PRICE

HONG KONG DAILY PRESS CFFICE.

1/6.1/32 2/72

AMERICAN PHYSICIANS SAID NOTHING IN THE WORLD

COULD CURE HER BUT AN OPERATION.

.

CHINESE HERB TREATMENT MADE A COMPLETE CURE..

•

is a

In the meantime the restriction scheme had not noticeably increas- ed the number of friends in the

This warning is important in the United States where at least two- What might happen in the interests of "British aviation, for thirds of the crude rubber of the future will largely depend on the just as the designer has overcome world is sold and consumed. As a ruling price, and hope of making the worst risk in flying and the matter of fact political opposition the ruling price of the last few public are realizing that aviation to governmental restriction was months the basis of any stabiliza is a safe pursuit, the abuse of a fanned into flame and Congress was tion is, in my mind, illusory, and, safety device may undo much of asked to enact a law to permit the secondly, it is perfectly clear to my the good work already accomplish- organization of import combines mind that the rubber industry in ed. The spectacular displays given that the American manufacturers this country, or in any other coun by skilled pilots at the various fly-FORTS of the MEETING could successfully combat foreign try, will depend in the future on ing meetings this year of the extra- state monopolies.

the efficiency with which that in-ordinary control given by the slot of the LEGISLATIVE COUNCIL American Pool Gaught. dustry is conducted. It will de and the apparently impossible for the Session 1927. Without waiting for that law to pead on who is going to produce manoeuvres which can be carried most cheaply, and I am out in safety have, it is to be fear- be enacted, the American Rubber rubbez Pool

organized and a satisfed that the price which is ed, been too successful, but there is no justification for any pilet in 830,000,000 credit granted by a going to rule over the next few group of bankers. This pool, re- years is such that no efficient pro- ordinary practice trying to emulate these highly skilled airmen, and in Presenting all American manufac ducer need be in the least afraid." turers, undertook to purchase r The conviction seems to be per-normal dying the criterion of good ter for all their members in order theating rubber dealers that after pilotage should be that the slots are never in use for the purpose of to prevent undue fluctuations in all artificial restriction is not an the price. It is alleged in the entire success unless the backers are giving control below stalling speed, market here that the pool haa financially able to follow through. except bought a stock of rubber at 40 The American Rubber. Pool is be cents per pound. Then the British Beved to have done much to break announcement that the Stevenson down the Stevenson plan, or at plan would be abandoned as of least as much as did the competi- November 18 next. Rubber first tive activities of the Dutch pianta-

Mrs. Anaya, wife of Frank H. the mother of three children. Some went to 25 cents per pound. The tions American Rubber Pool, instead of

well known time ago a particular friend of Anaya, who liquidating, obtained a renewed

Modesto man engaged in the auto- mine told me how he was cured by In the case of diamonds, a valor. credit of $60,000,000 and

mobile business, residing at 131 the Foo On Chinese Herbs, and I Was ization scheme has been successful authorized by its members to con- through the operation of a world

Olive St., Modesto Cal., U.S.A., had also read his advertisements in tinue in operation.

With the Stevenson plan, aban-suffered with a severe pain in the the papers-bow others were bene- syndicate, which purchases the dia-

fited by these berba. Bo I sent my But now rubber has gone to amand output of all the mines and doned and no other valorization right side under the rib, and little below 20 cents a pound. If holds them off the market. Valor scheme seriously contemplated, it is large lamp, sore to the touch, and wife down to see the Herbalist, I. it is true. as alleged, that the itation in that sense might be com- possible that there would not be many other complaints. Took Poo understood, then that the herbs American pool is still holding high mercially possible in the case of further urge for the renewal of the On Chinese Herbs and was com- could cure her in a short time. A priced rubber, it is logical that the rubber, but probably not at this

movement in Congress to authorize pletely cured.

few days later my wife and I The best plan

| having decided to take the, bérb Lackers of the pool would be un- date. It would not be sufficient for import combines.

for all might be, in the final Mr. Anaya says My wife treatment, called on the Herbalist willing to liquidate until a more merely the Dutch and the British

let sleeping dogs lie," analysis, to

had been suffering off and on for for some Herbs. After a few doses equable adjustment can be effected sanction the scheme, but it now

and permit economic law to stabi, the last five years, complaining of she was considerably better, and upon its gross operations.

would be necessary, it is admitted,

lize the industry.

a severe pain in the right side continued taking the herbs for a The experience in this instance to persuade Harvey S. Firestone to is adequate proof that the Ameri join with his African plantations,

Organization of the Rubber In-under the ribs, and a large lump while when she was completely She also had eured. All her pains disappeared can manufacturers are not prim- Henry Ford with his South Ameri stitute of America has given in-sore to the touch. arily concerned with cheap trude can fields, and other American spiration for such a resolution of much headache, was nervous, and and she gained in weight and felt rubber, but they are vitally con manufacturers with their planta- the problem. This Institute, it is suffered with constipation and in- better than abe had in years. I can corned with a stabilized rubber in-

tions in other parts of the world. truc, is not at present in the least digestion. She had consulted phy; truthfully say that the Herbs made dustry. They are not believed de-

Prospecting for rubber substi- concerned with raw rubber, yet, in sician after physician and had a complete cure of all her troubles sirous of starving out the plantatutes is being done by Thomas A. endeavouring to stabilize condi- taken treatment from them but they and she has felt like a different tion owners in British, Dutch or Edison in Florida and the Inter- tions in the marketing of rubber all advised that she had appen-person ever since." I myself have any other colonies, but they are national Rubber Company is ex- products, it is bringing American dicitis and nothing in the world been cured by the Poo On Chinese concerned with л free and open perimenting with the Mexican cac manufacturers closer to a realiza- could cure her except an operation. Herbs, and my children too have Yau Chiu Man,

D.C.L.market for a

commodity upon tus plant. Here are unknown faction that their success is dependent She had always dreaded an opera found the Herbs a great relief to which they are so dependent. tors in the market with which the in large measure upon the healthy tion fearing the might die, being their various ailments

It was for this reason that many Dutch and the British would be condition of the plantations, Counsellor & Attorney-at-Law, American rubber

Speculative influences in manufacturers compelled to reckon in any valor. have been persuaded to embark ization scheme they may evolve. marketing of rubber goods-and, upon plantation schemes in Africa. Furthermore the projected amend this means especially of automobile South America. the Philippines and ment to the anti-trust laws to tires, as 70 per cent. of the rubber other sections of the world where authorite import combines in the grown goes into tires have been rubber can be cultivated success United States ig Fle movement accentuated by the conditions which fully,

shelved for the time being but not have existed in the crude rubber Valorization Plan Expected. entirely abandoned. If revived markets ince 1922. If order. ean The prediction has been made in that plan might render to Ameri- be brought into conditions among. trade circles that some plan to can manufacturers themselves the rubber manufacturers, there would valorize rubber would-be attempted power to stabilize world rubber be, it is admitted, less reason for before the British- restriction prices. The British and the Dutch urging any scheme calculated to scheme is finally abandoned next (Continued on next Column) manipulate crude rubber.

Sole Agents :—.

„MITSUI BUSSAN KAISHA LTD. HONG KONG.

SERVICE TO READERS.

DAILY

KONG HONG TRESS, LTD., and the HONG KONG WEEKLY PREBS, through their London Office, at 21, BarDE LANE, FLEET STREET, HU. 4., are prepared give Subsribers and Visitors, advice accommodation available, regarding

suitable motoring facilities,

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to

If, when at home, they will call or telephone to the above address, they

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recave, the utmost eristame and the fatent available information on all sub. jects of enquiry will be placed-at-thaiz ∙Fiscal

Undertakes all Chinese and Foreign Legal Business,

Property registration

speciality.

Supervises buying and sel

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HEAD OFFICE:

31, CHUNG HING BUR-STREET- (2ND-FLOOE), ΑΝΤΟΝ

the

YEE FOO LUN the noted Chinese Herbalist and founder of the Poo On Chinese Herb Co., from America had over twenty-five years ex- perience curing people of all ages and classes with Chinese Herbs. The Herb Treatments are carefully prepared for each individual for the following diseases: Catarrh, Nervousness, Gout, Rheumatism, Indigestion, Riduey, Throat Troubles, Cough, Female Troubles, Dropay, Fever, Headaches," Malaria, Insomnia, Piles, Pimples, Eczema, Liver, Constipation, Gastritis, Appendicitis and many other diseases in Men and Women.

THE FOO ON HERB COMPANY, 86, QUE's ROAD CENTRAL PHONE: 0.8009,

ཟ

F