1935-12-13 — Page 8

AGE

QUALITY

PURITY

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MACPHERSONS

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Clur

HONG KONG DAILY PRESS. FRIDAY, DECEMBER 13, 1935.

11

Editorial and Business Ofice: 11,

Ice House Street. Tel. 30251. Night Editor (Wancaz: Omica):

Tel. 24511.

London · Office:· 53, · Fleet - SITEEZ

ELO.,

The Baily Press.

BORO KONG. December 13, 1935,

OUR NEW GOVERNOR

LONDON SILVER MARKET

American Treasury Manipulations

London, Dec. 11.

America continued to play havoc It the London stiver market, for- cing it to abandon its custom of fixing its price only when all transactions can be arranged one level.

at

The amount of spot metal.ofer. It first impressions count for ed Was estimated at 6,000,000 anything. Sir Andrew Caldecott ounces, but the American Treasury should feel quietly confident in his was only prepared to buy 450,000 new authority as Governor of Hong į ources. Bellers' were all treated Kong. Though in these sceptical en a pro rata basis. days no inference should be drawn from augury, yet may we hope that yesterday's brilliant weather was 'a good omen for better times com

Forward offerings were smallish. since it was early made clear that there was hard'y a chance of form ward quotations being fixed. But

SILVER POLICY OF

AMERICA...

Financial Circles Faced With Mystery

London, Dec, 12 Mystlication

the regarding American sliver policy continues. London and New York are equally in the dark. Wall Street bankers, according to the Financial Times," absolutely lack information as to what is the United States Trea-

sury's object.

The "Time" says that the United States Treasury can hardly have escaped disappointment with first as regards purchasing go'd

NEWS SUMMARY

Colourful scenes, in which all sections of the community/united in a cordial welcome, marked the arrival of the new Governor of Hong Kong. His Excellency Sir Andrew Caldecott, K. GMO.. CRE, yesterday. Sir Andrew travelled in the P. & ̈O, liner Car- thage from Singapore where, up to the time of his new appointment,

be liquidated without American he had been Colonial Secretary. buying.

The "Daily Telegraph" remarks that it is satisfactory that the US.A. has returned to the mar- Let even though yesterday's pur

chases

were Judicrous.3 small. The usual view is that the United States is no longer willing for speculators to get out on the back of the US. Treasury.

The "Financial News" suggeşta

to force China to return to the

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