1933-09-11 — Page 3

Fine Perfumery

HONG KONG DAILY PRESS, MONDAY, SEPTEMBER 11, 1933.

HOW BRITISH TRADE IS

RECOVERING

IMPROVEMENT IN COAL, METALS, WOOL AND COTTON

Iron And Steel Production Best Since 1930

(Special Al-Mail Service)

H.B

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GRAND DISPENSARY

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announce

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Parfumerie Poigaud

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London, Aug, 16.

Indication that important sections of British industry are at last emerging from the depression is provided in reports collected in the leading industrial areas.

AT BRADFORD-The wool textile industry in busier, than It has been at this period for six years. Some factories are working day and night, and every section of the -trađe is well booked up with orders.

IN LANCASHIRE-The fine summer has given the mann facturers of artificial silks and light cotton materials the best season for years. Signa of tmi- provement are also evident in the engineering, steel, and coal trades.

1

AT SHEFFIELD - Marked Improvement has taken place la important sections of the steel, trade, and the total of unemployed has fallen by $10,000 in a year. Several big plants are working overtime, and others are working to full capacity.

ON

TYNESIDE COBI and coke exports are increasing, Tower ships are lald up, and there is increased activity in shipbuilding and the iron and steel trades.

The monthly average production of pig-iron and steel ingots and castings for the first seven months of this year has been higher than at any time since 1930. The figures for July were 343,900 tons-51,300 tons more than a year hefore-and 567,500 tons-129,100 tons more than a year before respectively.

TEXTILE ORDERS FOR 5 MONTHS

Working Day and Night -

One of the most encouraging re ports comes from Bradford.

Other Tyneside Arms are "build- ing electrical and other equipment for the Admiralty, and two stream- lined Diesel-electric locomotives for a foreign rallway company. )

London Position

Last month the wool textile in- dustry was busier than it has been in July for the past six years. Un- employment figures are lower than "Inquiries in London trade quar- they have been for four years. ters revealed a feeling of quiet The improvement is most mark-confidence that business."' broadly ed in the raw material section of speaking. is on the upward trend, the trade, but every section is busi-even though the movement at er than it has been for some time. present is slight. This is substan-

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the same time a resumé of the progress. made in industrial development during the past quarter

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orders extending to December.ment last month was 2.1 per cent Many combing establishments are lower than a year before. running night and day, and spin- ners and manufacturers are well booked up.

The atmosphere of, the Bradford Wool Exchange is very cheerful, with sellers doing profitable bust

Dess:

The big improvement in trade in the West Riding of Yorkshire gen- erally, compared with a year ago, is reflected in the greater numbers of people from Bradford, Hudders- feld, and Halifax; who are spend ing their annual holidays, which started last Saturday, at the sea- side resorts. They have taken con- siderably larger sums from the holiday savings clubs than for long time. 7.

few months.

The upward tendency has been reflected also in London shipping. In the last three weeks of last month 4,488 cargo vessels (exclud. ing those in ballast) used the Fort of London, compared with 3,811 during the corresponding. period last year (July 8 to 29). were:

The net registered tonnages July 8-29, 1932 3,744,132 July 7-28, 1933 4,078,353 Tilbury has almost doubled since Passenger traffic to and from July, 1931. The figures are:

South Wales

... Passgrs.

Nr. of Embarked or July, 1931.46 357,125 11,420- Vis. Tnge. Disemb'k'd.

July, 1932....56.666,116.10,870 Overtime in Sheffield

July, 1933...74 845,477.21,388 Equally good reports come from increase is due to the development A considerable proportion of this Sheffield, where several branches of ocean-cruising holidays, but it of the steel trade have shown sub-ia stated that there has been a stantial improvement in the past substantial increase" also in the Unemployment figures are 10,000 number of Continental business

journeys made. lower than a year ago. Since the beginning of, the year 2,500 men have gone back to work in the iron not improved to the extent expert- While trade in South Wales has and steel trades and 800 in the en-enced elsewhere, there are definite gineering trade.

Open-hearth steel production for indications that the worst of the general commercial purposes; after

depression is over.

The coal and shipping trades are being depressed for several years. still very depressed, and the form is now very active. Several biger is affected by the strike of an rolling plants are working over-thracite miners which began on time,

Baturday and threatens to involve Effect of Hot Summer

25,000 men in the next few weeks.“ Lancashire thanks the brilliant

On the other hand, there has summer for a marked improve been a propounced improvement ment in the home sales of artin-in the pig iron and steel indus- clal silks and the lighter dress tries. The production of pig iron ́materials.

Manufacturers of these goods re- port the best season for some years.

い

This improvement offsets,

has increased this year by about 60 per cent, and that of steel even more fron ore imports for the first seven months of this year, to... tälled 392,519, tons, compared with to 260,417 tons in the same period.

some extent, the drop of £693.289 last year.

in cotton exports last month. There is a more hopeful atmos-

Iron and Steel Output u phere in the cotton, industry, as a Federation of Iron and Steel Figures issued by the National whole

Manufacturers show a steady, ine" Definite improvement is also re-crease in Iron and steel production corded in the Lancashire steel and since the beginning of the year. mining industries edutkority The average monthly produc said that, while it wie um fortion of pig-iron for the first seven bukiness in the steel trade to Inmonths of this year was 320,500 créase at this time of year the tons. This was higher than the present Increase! 10% dématia - was monthly average for 1932 297,800 more than purely seasonal tona) and 1931 (314,400 tons)

Tyneside coal and coke exports The afgraf monthly production are increasing

of steel ingots, and castings Bo Tar

Last week's shipments from this years 478,600 tons. ~ This is LNER. staiths at Blyth, Tyne only 160,000 tons below the month- Dock and Dunston were more than is average for 1915, and is higher 50 per cent.higher than in the than the averages for 1932 (438,100 corresponding week of last year. tons) and 1931 (439,500 tona), Sull further improvement “is exé pected when the results of the Scandinavian trade agreements

|are felt, M

Fewer shins are laid up in the Tyne.The total was 177; compar ed with 180 a year ago. Thirteen ships are under construction and there is frieréäsed dêtivity in the

HONG KONG'S MOST MODERN

CABARETT YELLOW DRZ GON NOW OPEN

DANCING ACADEMY. annee Addresstefnu THAT KING'S THEATRE BUILDING

H.B BEER

will be served

FREE

KING'S

RESTAURANT

ON

WEDNESDAY NIGHT

AT DINNER

with the compliments of

THE DIRECTORS OF

THE HONGKONG BREWERS & DISTILLERS LTD.