1929-11-26 — Page 9

THE HONG KONG DAILY PRESS, TUESDAY, NOVEMBER 26, 1929.

SHOPPING GUIDE

Felix Hat Shop

HATS

AND

GOWNS

7, ICE HOUSE" ST.

Bolande Sarrault

MODES-COUTURE

HAS REMOVED TO 3rd Floor, PEDDER BUILDING

ROOM No. 3 TELEPHONE: C. 2252

A SEK & CO. PHOTO-SUPPLIES

28A, DESVIKUT. RD. O. TEL. C. 3459

NAKAMURA

MASSAGE

No. 3, Les TUNG STREET, 18г FLOOR, WANCHAL

Hora Kose.

RADIO SUPPLIES ELECTRIC GRAMOPHONES

AND MOTORS SUPER ELTO OUTBOARD

MOTORS RUDGE-WHITWORTH

MOTOR CYCLES TENNIS RACKETS

RUDOLF WOLFI & KEW, LTD.

54, QUEEN'S ROAD CENTRAL. 1st Floor.

Tel. C. 2173.

Hackintosh and Es Da

Men's Wear Specialists.

Alexandra Bldg. Des Vaux Road.

Fresh Flowers, Fruit

and Vegetables

The Clover Flower. Shop

10 ICE HOUSE STREET

CARDS

SEALS

PIGGILY WIGGILY

TEAS & REFRESHMENTS. HOME MADE CAKES

The Home of Fashion CHILDREN'S FROCKS LADIES' DRESS MAKING

KAYAMALLY BUILDING

THE IDEAL CHRISTMAS GIFT IS A. BOX OF

SOCIETE CHOCOLATES

WILL PLEASE MOTHER, SISTER, WIFE OR SWEETHEART

ALSO

BISHOP'S "HARD

CANDY

The Best for the Children at any time ORDER NOW

TAGS YOUR CHRISTMAS CAKES

GIFTS

ETC.. ETC.

The Cafe Pavilion

THE BEST CAKES IN THE COLONY.

TEL. K. 874

DER 4. WING & CO. (1923), LTD. 96. NATHAN Road,

Madame S. LEITE Ladies Wear Specialist.

SILK PIECE LACE FOR EVENING FROCKS JUST ARRIVED

ASIATIO BUILDING. 1st Floo TELEPHONE C. 474

QUALITY

PERMANENT WAVING

The Most Up-to-date Beauty Shop in Town. Mrs. BETEN. TEL. K. 68Í. PENINGULA HOTEL Ex. 54.

A. YUN

TAILOR & OUTFITTER 40, POTTINGER STELET, CENTRAL TEL. C. 6060, ..

HONO Koso.

WITH

POWELL'S

Gentlemen's Tailors and Outfitters.

BESPOKE ORDERS Exsouted in 24 Hours,

10, ICE HOUSE STREET,

People Who Advertise

Invite Inspection of their Stocks.

R. S. V. P.

HONGKONG HOTEL GARAGE

FOR CAR HIRE

FOR HONG KOxa: C. 4758

FOR KOWLOON: K. 831

THE DAIRY FARM

1CE HOUSE STREET

FOR PURE MILK

FARM AND IMPORTED FROZEN

INTEGRIT

MEATS. HOUSE FED POULTRY

LANE, CRAWFORD, LTD.

THE DEPARTMENTAL STORE OF THE EAST.

TEL C. 4567 (6.LINES),

ESTABLISHED 1888.

AHMED DIN

Tak Cheong CIVIL, MILITARY

Gentlemen's Tailors, Outfitters and Dealers in all kinds of Fancy Goods

50, QUEEN'S ROAD CENTRAL

PRONË: CENT. 1317

HONG KONG FURNITURE

CO., LTD.

MANUFACTURERS OF

TEAKWOOD, BLACKWOOD

AND

RATTAN FURNITURE. 8, QUEEN'S Road Central

PRINCE'S CAFE

HIGH CLASS

RESTAURANT

No. 18, Queen's Road CENTRAL

KAYAL TAILOR

ORDERS PROMPTLY EXECUTED

PRICES MODERATE FITTING QUARANTEED

MAIN SHOP: 4, D'Agullar St.

HONG KONO Tel, C. 1670

BEANCE SHOP: Peninsula Hotel

Kowloon

Tel. K. 681, Ext 23

lac's

EXCHANGE BUILDING,

AUCTION!

IF YOU ARE FURNISHING AND WANT TO PICK UP GOOD PIECES OF EITHER EUROPEAN OR ORIENTAL MAKE AT ADVANTAGEOUS PRICE, GO TO

LAMMERT BROS..

DUDDELL STREET.

Cafeteria

HONG KONG HOTEL Finest Selection of CHOCOLATES

in FANCY GIFT BOXES FRESH CALIFORNIA FRUITS ALWAYS ON SALE

BOOK & BIBLE DEPOT.

CHRISTMAS CARDS AND CALENDARS ! Books FOR YOUNG AND OLD LARGE ASSORTMENT OF CRINESX LITERATUUE.

2, WYNDHAM STREET,

PHOTOMATON CHRISTMAS CARDS Containing your Photograph may be obtained at the PHOTOMATON STUDIO at SIX for $1.00, or you can supply the Picture and we will mount same FREE OF CHARGE on our 10 Cent Photomaton Card.

The SUN Co, Ltd.

DEPARTMENTAL STORE

DES VEUX ROAD CENTRAL

H.K. TRANSFER & LIGHTER CO.

FURNITURE REMOVALS AND GENERAL TRANS- PORT BY TRUCK

LIGHTER.

OR

ST... GEORGE'S - BUILDING

K. 1422

L. E. 8. Hodge.

HAVE YOUR EYES TESTED AND FRAMES FITTED

By

THE HONGKONG OPTICAL CO.

Qualified Opticians' 53, Queen's Road C.

Tel, C. 2232

J. Ullmann & Cu

High Class Jewellers El. 1860

Alexandra Bldg. Chater Road.

FRIGIDAIRE

SOLE AGENTS DODWELL & Co., Ltd. QUEEN'S BUILDING, "TR C. 1030

BRUNSWICK

HOUSE

BRUNSWICK PANATROPES

AND

RECORDS

JCE TOESE STREET TEL. C. 4035

THE POSITION IN EWOS.

THE BOOM AND THE SLUMP.

Much has been anid and not a little written during the past few months on the subject of the pleas- ant and strong position in which the Ewa Cotton Mills, Ltd. ands itself says the M.-C. Daily News Duc, not entirely to force of cir cumstances (demand, commodity prices etc.) but, a large degree, to successful management.

Now, what is the real position in Ewos? To answer this question. correctly and without fear of con- tradiction, one would require the sagacity of the mythical Sherlock Holmes

The opinions, therefore, set forth in this article, are considered ones arrived at after conversations with responsible men of business... "To commence with, the opinion. is expressed that Ewos are worth to-day something in the neighbour- hood of Tla 17. In this connection it is worth recording that when quotations were in the region of Tls. 21, responsible banks were advancing as much as 80 per cent. The shares reached something below Tls. 24 feir weeks ago after wild speculation involving tens of thou- sands of shares, Then enme the inevitable reaction, and prices col- -lapsed to the vicinity of Tls. 15 and even under. The result is that a number of speculators find them- selves in a precarions position and unable to meet a given settlement.

Some Idea of the Leases. When the shares were rapidly rising and in the neighbourhood of Ts. 2, wads of 3,000 and more, were daily recorded on the "busi- ness done" board in the Exchange. One has, then, no difficulty in riving at a rough estimate of the huge losses sustained. Even on 5,000 at Tis 22, the loss to-day is roughly Tls. 35,000 and tens of thousands were dane as prices ap- proximating our example.

With the drop. came the realiza- tion that certain brokers would be unable to meet their commitments and an organized liquidation took place. Shares were bought back at about present prices, and the position became less obscure.

La speaking of the future one naturally has great diffidence. The financial year of the company ends on December 31, and accordingly the dividend will be announced about the middle of February. Opinions vary as to the estimated amount of profit for the year. Something, however, in the region of Tis. 2,500,000 is generally belicy. ed to be not far out. An interim dividend of Tls. 0.40 already has been paid and the share capital of the company is Tls. 4,500,000 or dinary and Tis. 900,000 preference.. Assuming, therefore, that a further Tls. 1.00 per share is recommend- ed-thus making Tls. 2 for the year-this would represent 11,11 per cent, on an investment at Tls. 18 per share, 10 per cent. Tls, 20, and 13.33 per cent. at The.

the 1. The dividend

'par value-Tls. & accordingly would be 40 per cent. Again assuming that the dividend wil total Tls, 2 this would absorb Tis. 1,800,000, nlus, of course the preference dividend of Tls. 72,000.

הט

Correspondents Answered.

nt

It is to be emphasized that these figures are not the outcome of "inside information." They are suggested merely for purposes of calculation. The "China Stock and Share Handbook" gives com- plete statistics of the company, some of which were set out by a himself signing correspondent

Non-Investor. With all respect to another cor- respondent his arguments seem slightly unreasonable. If he has bought Ewos for an investment and Hing the money to pay for them or has paid, he is not. presumably, affected by transient fluctuations on scrip which he bought to lock up. If this latter course. is not practice able then he too must have entered the ranks of speculators. The sug- zestion contained in his concluding paragraph goes rather. far. The Ewo directorate are not responsible for the gambling that has taken place and can scarcely be expected to take extraordinary steps to miti gate it.

A case of shocking hrutality and Savagery on the rart of New York wunmen came to light recently with the discovery of the body of 30- year-old watchman who had been tortured to death because he refused to reveal the combination of the lock of the safe in the offices of ä big laundry. The murdered man was found with slashes on the valmя of each hand and on the soles of his feet. There was another deep gash under the chin and a stab wound in the back. The handles of

to one it, was smeared with the bloody fingerprints of the torturers,

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