1931-11-14 — Page 11

OUR DRYCLEANING

SERVICE MAKES THIS CONDITION

POSSIBLE FOR EVERYONE.

4

NO OLD FASHIONED PRESSING METRODS USED WHICH

MAT MERELY

They LOOK MER

NEW, longer!

DOWN THE FIBRES

AND DEADEN THE

FABRIC.

YOU'LL LIKE THE WAY YOUR SUITS COME BACK TO YOU.

THE STEAM LAUNDRY CO. Sanitary Laundrymen. Dyers and Dry Cleaners HEAD OFFICE and WORKS, Mongkok, Tel. 57032, KOWLOON HOTEL DEPOT. Tel. 88008.

HONG KONG DEPOT C Qusan's Bond-Central: Tel: 21970; PEAK HOTEL DEPOT. TL 29071.

PENINSULA HOTEL (Visitors only).

HONG KONG HOTEL.

78, WYNDHAM STREET.

SPECIAL VALETERIA SERVICE.

No. 2, Peninsula Hotel Arosde. Tel. 58081.

$66, Nathan Road (Next to Majestic Theatre). Tal, $8906.

60, Queen's Road Central. Tel. 21270.

STAR

TO-DAY TO MONDAY AT 9.30 P.M. LAYRES MANTELL AND JOE COST

Present

THE

HOLLYWOOD HI-LIGHTS

INTERNATIONAL

* REVUE

A TALENTED COMPANY IN

MUSICAL COMEDY

Booking at Montric's and The Star.

PRETTY GIRLS SPEEDY ACTS NEW SONGS CREATER NOVELTIES

Prices $3.00, $2.00 and $1.00:

DANCES

HONGKONG

-HOTEL

"ROOF GARDEN"

TEA DANCES

EVERY

WEEK-DAY EVENING

From 5 to 7 pm.

(Inclusive. Charge $2.00.)

DE DHE HONGKONG ♣ SHANGHAI HOTELS," LTD.

HONG KONG DAILY PRESS, SATURDAY, NOVEMBER 14, 1931.

Money and Markets

HONG KONG STOCK FIRST SIGNS OF

EXCHANGE

WEEKLY SHARE REPORT:

|

Hong Kong, Nov. 13. B during the past week has been on a somewhat restricted scala and prices as a rule show a slightly easier tendency. There is a cortain. amount of Settlement liquidation "procoding, which probably has arrasted the upward movement in prices, but at the close thore ap- peers to be a little more enquiry in evidence at the rats now estab: lished.

TRADE REVIVAL.

MANY ORDERS FROM ABROAD.

IDLE MEN CALLED BACK TO WORK.

1

The fact that British coal is now liqussing the situation created by underselling German cost, has foro-the sterling decline, have resolved ed the Muelheimer Bergwerksvarain There is neither legal right nor to apply to the Government for permate) olaim sither for an alteration mission to close its pita, says the British United "Press,

Afleet of eight steamara which has been laid up at Plymouth has gono to Wales in order to take coal cargoes to the Mediterranean, Ships at Falmouth are already be ing got ready for sen. No fewer than sixty-six" are laid up in this. port.

"Buy British Buk.*** "Buy British silk is a slogan

A definite revival of trade is re- that will prove profitable as well parted from all parts of the Unit-as patriotic for the dressmaker and

shopper. Though price increases... "ed Kingdom.

are not yet, justified, imported silk and artificial silk will inévitably cost more, while British products: will to a largo" extent escape those į increases.

The favourable currency position is enabling industries to re-enter markets which have been closed to them for years.

Banks. The stendy advanec in

Substantial arders have bron the sterling rate has continued to hooked, and exporters arg hearten adversely affect Hong Kong and fed by the prospect of at last being |Shanghai-Banks which were done able to compete in the world war

as low as $1,495, and at the plose kota on favourable terms. there are buyers at $1,475. The Among the industries experieno London rate has advanced to £110 |ing a revival are: (middle).

Insurances,-Cantons aro atill weak, and are on offer at 81,450. Unichs have changed hands at 8400.

Bhipping, Engineering,

Cotton, Artificial Silk, Timber.

Coal Mining, Mille and blast furnaces are

Daily

The British kilk industry--han the chance of a lifetime before it." was the opinion of a leading_mer: chant interviewed by The Telegraph. Our manufacturers now have an opportunity of undersel ling allcomers on the home market. But I would warn them to pay close boattention to costs and to cut their profits to the smallest possible margin lest the foreigner still finds it possible to beat them.

Hong Kong Fires continue neglecting started up again after long ed at #1,450. China Fires have re-inactivity, and ships which have mained stationary at 8630. China been laid up in home harbours have. Underwriters have fetched 81.00

left their moorings to share in the Shipping There has been very revival in the comb export trade. little doing in this, section of our Alrendy" there has been a gratify list, and with the exception of ing affect on employment. In the Indo-Chinas (Deferred), which North-Westera area unemployment came into prominence early in the has fallen by 13,863 during the pre- week with buyers bidding and sent week, making a total decrease close in further request at the in the past fortnight of 21,000. enhanced price of $43, there is nothing, to report. Shells (Bearer) are at last week's figure-41/10

Mining. With the exception of Rauba, which were sold at 935, no business of importance has trans- pired in this branch of our market. Kailans have been on offer through- out at 30, and the same romark applies to Venezuelan Coldfields ht

World Cotton Orders. Increased industrial activity in Lancashire is almost general, not only cotton, but sugintering and coal, doing better than for three years past..

The cotton export, trade bas ex- perienced unexpectedly large, de mands from practically markets and for a great variety of

ordars for the first time for years, and German inquiries for artificial silk and cotton drees goods are particularly heavy.

Docks, Whärves, Godowns, Etc.-goods. Chinese houses are placing Kowloon Wharves were put through at $180, and can be placed at this rate. Whampoa Docky were placed at 831. Ching Providents fold), after opening the week in demand, were negotiated at 85.10, and close in request at $5. The new shares were dealt in ab, 92.05, and there are buyers at the close at $2.38. Hongkowa pre Tis. $40 uominal, as are also New Enginear-months, are restarting." inge at T. 6 and Shanghai Docks at Tla. 95.

With stocks being snapped up freely, both spinners and manuzaq turers are beginning to take back workers who have been suspended for months. Two large mills at Oldham, which have been idle for

"A few days ago,” a merchant said," "we" sold cotton piece, goods Lands, Hotels and Buildings:- Hong Kong and Shanghai Hotels in America in a market which wa (old) have been an active market have not been able to get inside during the period under review and for years. In Sweden, althony were done at 814.85/$14.00, but they the Gold Standard has been sus. closed with buyers at $142.

The

new shares were negotiated at the pended there, we are still cheaper outset at 814.40, but they have since than Germany, and we are captur Inpsed to a nominal quotation of 814. Humphreys (old) and (new) ing Germany's trade day by day." hayo weakened a little and were **There is more activity and sold at $17 for the latter. Hong promise of still more activity," 18 Kong Realties have been on offer throughout the week at 8124, and a summary of many reports from probably a slightly lower rate would le accepted. Chinese Estates. are in demand at 891.

Kong

Public Utilities-Hong Tramways were the medium of sales at 8901/820.38, but close with buy- ers at 3901. Peak Trams (old) and (new) remain at last week's nomin

colliery owners.

"Brightening up," is the ca; gineering report on trade.

Demand for goal, Compared with 153 ships laid up

al rates. Star Ferries are quiet at the end of August, on the Tyne, but steady at 801. China Lights, the number is now 140... Shipown after having fallen away to 820.35, ara regard the outlook, as much bet

have recovered to a buying quota-

tion of $27. Hong Kong Electriestor, especially for the smaller class were done at 870, and at the close of steamer used for short voyages. there are buyers at 875. Telephones The signs are that the demand for (fully paid) continue nominal at 843, and the part paid shares, after coal will be maintained with those being dealt in at 8901, close with countries that are still on the Gold sellers at $20).

Industrial Cements (combined) Standard, but that it will not be were booked at $181/8184, and at so good with these, including Scan- the close there are buyers at the dinavis, which have suspended it. former rate. Hong Kong Ropas"

are 17 nomínial.

British shipping companies now

Stores, Etc-Dairy Farms, which find their disbursements abroad have been done. at 28, close nemin-

al at 8291, Watsons were transact higher, and have succeeded to some ad at 816, at which shares can still

be obtained, Lane, Crawfords (old) extent in getting a higher rate of and (new) have continued nominal freight. A week ago the rates fo during the week at 80.00 and 6, the Baltic jumped by about 3s. wút respectively. Sinceres have sellers have since ensed a little. at BLS).

Miscellaneous. Hong Kong Amusements Are #221 nominal Constructiona (old), which werg

Many of the tin-plate works in South Wales are to restart

dealt in at 88./$4.00, close nominal mediately, and this will mean in- at the former rate. The new shares orcased consumption of coal. Some were put through at $2.10, Hong.

Kong Government Loan has been of the heavy steel works have also done at 83 per cent. premium, clos been able to hook up orders as the ing with buyers at 2 per cent result of the lower prices ruling premium.

abroad for British goods

Cotton Mills-Ewo have been a weak market, and were dealt in at Taois. 1,25, closing nominal at Tis 13.30. Shanghai Cottons are Tls. A nominal. Zoong Bings are Tia 22 nominal.

South America has purchased mumber of cargoes of Welsh coal instead of United States fuel..

The artificial silk industry is placed in an even more favourable position, Britain already holds the first place as produce of arti

foil alk. Now the opportunity. has come to win and keep the whole

of the home market, for this fabric and to attract new buyers from among those who will find import ed real silk too expensive.

14

Germany to Stand by Contracts.

The representatives of leading im- port and export firms embraced in the Reich Union of the Germa wholesale and overseas trade, after

to this effods had been agreed upon between the parties,

A similar docision that sterling contracts must be nullified without

of the currency in agreements which question has been rench, accord ing to a message from Berlin, byr have been entered into, or for pay-the Reich Union of the German. ment on a gold basis, unless clause | wholesale food trade

THE FOLKS AT HOME

ALWAYS APPRECIATE

China Tea from China

SEND THEM SOME FOR~-~-

THIS CHRISTMAS

FRODUCED BY .

THE CHINA TEA CO.

ESTABLISHED OVER 60 YEARS,

Make your selection from the following varieties of Kesmun Tea, Hankow Tan and Foochow Ten each packed in quaintly. painted-boxes-

PRICES INCLUDE POSTAGE AND AEL GBARGES (To United Kingdom)

..7--1bs. Painted Wooden Box

B-lbs.

Painted Wooden

Box

Painted Wooden Box

(1) Keemun Black (1) Keemun Deb) Keemun Black

Tea $20.00 (2)

"

**

18.50 (2) 14.40 (8) (3) (1) Hankow Black

Tea $18.90

་་

Tea $14.70

*

71

11.90 (2) 10.40 (3)

Tea $10.00)

8,80 77.80

(1) Hankow Black

19

8

Toa $13.00)

10.40

(3) Hankow Black-

·Ten

$8.50

7.60

**

9.00

"

Tea $15,50||

Ton 811.40

13.70(3)

3/ 13.00) (3) "

10.00

9.40 (3)

(1) Foachow Black

Tea-18.20. 7.80 *7,00

14.80 18.00

(1)Foochow Black (1) Foochow Black

The numbers given above represent the various qualities. Send the Tea, and your friends will receive your

Christmas.

ALL CHARGES PAID

THE CHINA TEA CO.

DAVID HOUSE, 15, POTTINGER ST., HONG KONG. TEL: 24697.

THE HONG KONG AMATEUR DRAMATIC

CLUB

PRESENT

"DEAR BRUTUS"

A COMEDY IN 3 ACTS

Sir James Barrie

TO-NIGHT

At 9.15 pm.

AND ON THE EVENINGS OF THE

17th, 19th, 20th and 21st November

MATINEE November 18th at 5.15 p.m.

BOOKING AT ANDERSON'S MUSIC CO.