1938-08-15 — Page 2

PAGE 2-HONG KONG DAILY PRESS

The Japan Hotel Association

IN JAPAN

AKAKUKA

MEMBER HOTELS

↑ Akakum Kanko Hotid -

ÁTAKI

Alami Hotel Mampei Hotal Baru Kyusha) Kameno Hostal

Chvassa (Nikko)

Lakeside Hotel

Fuzi Pive Laye

DISTRICT

Fuji New Grand Hotel

(Lako Yamanaia)

Fuji View Hatal

(Lake Kawaguchi)

РОКСОКА

Kyoshintei Hotel

GARAQON

Gamagori Hotel

Nugangan Hotel

KAMAKURA

Kutain Hotel

Kaixoem (Japan Alps)

Kamikoch: Imperial

Hotel

KARATRU (Der Fakaoks)

Karatay Sauaiña Hotel KAROIZAWA

• Mampei Hotel

• Maknun Hotel

KAWA

Kewana Hotel

Kosures (midway

between Osika and Kobel

Kombien Hotel

(58 ambers in all)

Kous

Oriental Hotel

Tor Hotel

KYOTO

Kyoto Hotel

Miyako Hotel

Ryota Station Hotel

Park Hotel SITAJINA

Miyajima Hotel

M2TAMATTA Lake)

Hujips Hotel

NAGOTA

אאא

Kyushu Hotel Shin-yu Hotel

Unzon Hotel

Unten Kanto Hotel

Yumei Hotel

YOKOHAMA

Hotel New Grand

IN TAIWAN

- (Formosa)

TAIHOZY

Taiboku Railway Hotel

IN" CHOSEN

Mampei, otel

Nagoya

stel

Na ya Kanko dotel

Natha

Hevo

Nara Hotel

NIXK

Kanaya otol

ОЧАКА

Dobuil Hotel

Hotel Now Oraku Osatu Hote!

Ora

C'inear Lake Biwu) Hetet Lake Biwa

Saprono (Hokkaido)

ABF010

Sapporo Grani Fiotel

SHIMOVONEKT

Sanju

Hote!

PAXARAZUK

(Neur Kobe) Tanzka Hotel

Imporial Hotel

Manpui Hotel

Qmor; Hotel

+Saano Hotel

1.

Tokyo Railway Hound

* Open in summer only.

Now memboes,

Heijo Railway Hotel KRIJO

Chosen Hotel

IN MANCHOUKUO

DAIMER

Yamato Hotel HARRIN

Yamato Hotel HOSHIGARA

Yauate Hotel Horas (Mukden)

Yamato Hotel #+***

Yauate Hotel

IN CHINA

THINT.

Taito Grand Hotel

For information, please apply to Secretary,

The Japan Hotel Association

Care Traffic Bureau, Department of Railways, Tokyo

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GENERAL

RUBBER PROSPECTS QUIET UNLESS POLITICS INFLUENCE MARKET

London And Liverpool Stocks Increase

There has been nothing particularly starting in the way of statis-` tical news during the past week. Rubber stocks in Loudon and Liver- pool continue to increase; but this is in line with expectations, writes Scrap Collector in his weekly rubber report.

It may possibly be taken as a mildly Encouraging factor that the rate of Increase seems to be decelerating slightly, the increase during July totalling 3,000 tons against approximately 5,000 tons during Junë.

July shipments from Malaya amounted to a little under 1,000 tons. This total was 1.100 tons greater than that recorded in the previous month and over 5,000 tons in excess of the May figure,

The market had previously estimated July shipments at a slightly higher Üzüre and the fact that final shipments exceeded the permis- sible exportable amount by a fairly wide margin can be regarded as satisfactory,

It indicates that the anticipated decline in Colony and or N.I. stocks is taking place which Improves the long term outlook...

However, despite the fact that July shipments were expected to

that date the market has staged a more remarkable and sustained re- covery,

..

A total advance of nearly 9 cents has been recorded and again con- fident antielpations of ̈à substantial

SERIOUS BUS CRASH

Five In Hospital

On its way along the New Territories on Saturday from Un Long to Sheung Shui, Bus No. 137, allegedly forced by an on- coming ear to drive as closely as possible to the edge of the road, dropped down the bankment,

apparently over- turned, somersaulted down the slope, and came to rest several yards down.

em-

The driver. conductor, and three passengers were seriously injured and are now in hospital."...

MONDAY, AUGUST 15, 1938.

TRAFFIC IN CHILDREN

For Sale In Singapore?

The S.C.A. have, in the couse of the last two weeks detained 15 children, 11 boys and four girls between the ages of. 2) and 8 years, who, it is alleged. were about to be taken to Sing- apore by Chinese women,

It was revealed that the so-called "guardians" were unable to prove that the children were their legiti mate off-spring or that they had been lawfully left in their care.

The Po Leung Kuk, which is at The accident occured at

about the moment overcrowded with 12.30 p.m. on Saturday Police from young Chinese women and girls. the Sheug Shui Police Station were who have been found in the charge Immediately summoned to the of persons suspected of human scene, and removed the injured to trafficking are now caring for these the hospital.

children up to such a time when The damaged bus was later in their parents or relatives come for- the afternoon brought back to the ward and claim them. Kowloon Mctor

Bus Company's workshop.

OLD ENOUGH TO KNOW BETTER

Even the aged are being mobi-

be comparatively heavy the purely increase la American absorption rise is, more often than not, followized to fl the depleted ranks of

speculative element in the market is sometimes inclined to construe gross shipment figures incorrectly and. In this quarter, the increased shipments during the first month of the 45 per cent release may have caused some disappointment.

have largely contributed towards ed by a fall. the return of confidence.

in

'seems

drug divan keepers and heroin pill distributors. Relentless raiding by Revenue Officer E. T. Warden and the treatment of arrests by the Magistrates at the Kowloon Court show little promise in the trade to would-be divan keepers. '

And so it was that 71-year-old Chan Lit received a sentence of 17 months with hard labour when he appeared before Mr. Barnett at the Kowloon Court on Saturday on charges of possession of prepared oplum, possession of heroin pills,

A sentence of 13 months, with hard labour, for possession of 421 heroin pills. was meted out to

It does seem probable that the There is a vast difference, how-price increase which has already ever. between the situation last been registered has gone as far as Aprli and the existing state of is warranted by the most optimis. affairs.

tic interpretation of the exsisting The permissible release for the more favourable circumstances. second quarter of the year has WORLD STOCks

Though again there is no deny Total world stucks at the end of been left unchanged at 60 per cent, ing the fact that prices have often June, were up by approximately any

reduction in world stocks risen in the past beyond reasonable 2.000 tons compared with the pre-therefore depended "entirely upon mits when more or less casual vious month. This" item of news an increase in world absorption speculators entered the market in was rather a surprise to me as I and the market was not sure what any numbers.

a had calculated that they would action the LRR.C. would take if

SPECULATORS have registered a decline of appro- the anticipated increase in absorp-

One gathers however that specu-and divan-keeping) ximately 5,000 tons. It is evident tion did not eventuate.

lators have not had a great deal to that stocks afloat exceeded my I.R.R.C. DETERMINATION do with the present increase estimate fairly considerably and it The permissible release for the prices and it therefore is also possible that an appreciable (current quarter has been reduced probable that the market is due for Leung Pak, aged 58. amount was added to U.K. mañu- to 45 per cent. By this action the a quieter period as there seem to ́facturers' stocks during the month. L.R.R.C. has proved its determina-be no valid reasons for a further This stock increase may also tion to Increase the price to an rise or a break in prices until the prove disappointing to those who equitable figure at all costs and as actual trend of absorption is more hoped to see the substantial decline soon as possible.

1: definitely established." at the end of May. carried still fur- Reduction in' world stocks is no

This conclusion, of course, may ther during June and subsequent longer dependent upon the pro- be completely upset by political de- at the Central Court on Saturday on bability of an increase world velopments. It is doubtful if the charge of possession of a quan- absorption. -

reduction in the release to 45 perity of heroin pills and powder, as the reduced release is bound to Failing a virtually impossible

cent, would have had nearly se five persons Chan Yee. a widow. result in a fairly heavy stock re-heavy decline in absorption, stocks great an effect upon the market if Tseung Sre. Li Man-lok. Chan duction. over the period during are bound to be reduced fairly sub market if it had not coincided with remanded for one week. Hearing It had not coincided with the Cheung, and Yul Kai-ming, were which it is enforced and whether stantially by the end of the quar-the marked return of general con- the decline is registered regularly ter. It is only the extent of the idence in America.

was fixed for August 29. Ball was allowed at $30.000 each.

The five defendants were arrest- ed when a party of Revenue OfEcers raided a hut in West Bay.

<

months."

Actually it has little significance

or in fits and starts has little bearing on the Anal result

FALL IN ABSORPTION World absorption during June: despite the Increase of 1,700 tons in America, fell about 500 tons short of the previous month.

This slight decline was thus due to a drop at 2,200 tons in absorp- tion by the rest of the world. The quantity absorbed by the rest of the world amounted to appro- ximately 42,500 tons, which was 8,500 less than the figure for June last year.

This decline is definitely dis- couraging and, unless the trend is reversed during the current quar- ter the realisation of the anticipat- ed increase in American absorption will not cause as heavy a reduction in world stocks as is hoped at the moment.

As far as general Industrial news 15 concerned the usual, weekly Statistics car loadings, steel" mul activity, retall sales, etc., are main- ly favourable and indicative of In- creased activity.

They are still somewhat patchy. however, and there seems to be no sign, as yet, of any improvement in the employment figure either in America of the United Kingdom.

Any substantial increase in pro- duction must surely be accompani- ed by an increase in employment.

It is interesting to compare pre- sent market sentiment with the hopes and fears prevalent about four months ago.

PRICES CLIMB

By the middle of April prices held climbed appreciably from the depths touched at the end of March. Interest Was mainly centred on America as usual al- though the probable future action of the LR.R.C.. in view of the disastrous results of its "no an- nouncement" March meeting, was causing considerable speculation.

An increase in American absorp- tion during the second quarter of the year due to the anticipated tyre replacement demand during the Spring and Summer months was fairly confidentally expected.

The fact that March absorption had increased by réárly 7,000 tons, compared with the previous month; seemed to indicate that this hope was justified,

However, the market was doomed to disappointment and it was not unt June that the March absorp- tion figure was exceeded and then only by a paltry 200 tons.

A total of 51 cents was gained on the Singapore market in this sharp spurt which reached its peak on April

PERMISSIBLE RELEASE

By May 27 no less than 34 cents of this gain had been lost. Since

מf

reduction which is now deper.cent upon the rate of absorption.

HEROIN PILLS RAID

Appearing before Mr. Edwards

The latter undoubtedly has direct bearing upon absorption In the circumstances therefore hopes. can hardly be argued that there are any statistical reasons to anti-shaken at all severely by interna-week) it might result

If this new-born confidence is cipate a break in prices similar to tional upheavals and the interra- break in prices.

which occurred "in Though it is a fact that a sharp have clouded over during the last

April.Lional political horizon seems to (Reprinted from Singapore Free

Press, August 6, 1938),

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