1939-03-03 — Page 11

HONGKONG DAILY PRESS

Finance and Commerce

THE SWISS COTTON

INDUSTRY

Important Customer For Lancashire

The Swiss cotton industry is normally an important customer for Lancashire, from which It Imports considerable quantities of yarus and piece goods for further processing.

FOREIGN

INTERESTS IN

HAINAN

Large American Investments

PARHOI, Mar. 1 (Intl)—The Investment of the United Stäten on Hainan are larger than those of other foreign Con- tries, It was learned here to- day. Petrol is supplied almost exclusively "by the American Standard-Vacuum On Com- pany while American-managed schools and churches cover the island.

In 1938, however, United Kink-articles of the doublers: output. dom exports of cotton yarns to Towards the end of the year fine Switzerland were only about 1,000, spinners, fine doublers, and fine 000lb. as compared with about weavers were at any rate contem- 1,300,000, in 1837.

plating a return to normal working Similarly British exports of cotton hours. plece goods to Switzerland fell On the other hand spinners and,

The Evangelical. Hospital here from 46,000,000 square yards tri 1937 manufacturers of ordinary and to 13,900,000 square yards last year. medium quality goods whose males has been active since 1885. Under While part of this decline was no are almost exclusively in the home the direction of Dr. Nathaniel doubt to be attributed to lack of market suffered throughout the

Bercovitz, four Chinese doctors confidence amongst Swiss importers year from a growing insufficiency and three American and two Cht- and also to reduced purchases bvlur orders and from unduly low pri-

nese nurses care for an average ordinary Swiss consumers, a great ces. Manufacturers of coloured of 160 out-patients dally. Furnish. part of it was caused by the fall in woven goods enjoyed a seasonal ed with modern medical equip-

activity of the Swiss textile industry.

Improvement in the autumn,

STOCK ACCUMULATE

ment, the hospital cares for 20,000 The Unton de Banages Suises, in

in-patients annually, A leper Its annual review for 1933, says of

house has been established near In the Swiss rayon industry, the Sluying Fortress, six miles the cotton industry that the year was a difficult one because not only though production was decreased, west of here, where 250 patients of the crisis in the international stocks have accumulated. In the are being attended.

Dr. Bercovitz has lived here for textile industry but also of the manufacture of rayon tas cost of sharp fall in cotton prices, which most of the raw materials has risen the past 25 years and has given à depreciated the value of

very sharply because of the de-great deal of his time to a study already bought. Though the United valuation, cellulose especially hav-of malarial fever, leprosy and

ing increased in price on several other diseases, particularly chololl occasions.

thiasis, which is endemic to the On the other hand, the nominal eastern coast of the island.

The British prices of the goods manufactured

interests here have fallen again to the ruinous the branch offices of the Asiatic level ruling before the devaluation, Petroleum Company, and the Jar. The industry has to sell, more than | dine Matheson and Company.

stocks i

Stater Goverment's measures brought some stabilyacon of prices, the expected improvement in trade in the autumn was not forthcom- ing, and at the end of the year the cutlook was anything but bright.

50

in

FINANCE

H.K. STOCK EXCHANGE

There was further improve- ment in prices to-day but shares were difficult to obtain. Sales were reported in Hotels at $64, Trams at $16.90/$17, Unkowns at $475 Hong- kong Fires at $180 and Banks at $1410.

St Bayer

Canton Ins, $217). Union Ins. $470, HK. Fire Ins, $180. H.K. Docks (New), $181. Providents (Old), 56.35. Raubs, sai

H. and S. Hotels, $8.70, HK Lands, $36.

H.K. Trabways, $15ą. China Lights (Old); $83. China Lights (New), $5.60. HK Electrics. $58. Sandakan Lights, $10.10, Telephones (OIL, $221. Canton fees, $1. HK. Ropes, $4.10. Dairy Farms, $234. Watsons, $7.80.

Wing On (HK), $41}. Entertainments, $7.

Vibro Piling, $6):

HK. Govt. Logan 4% 3%pm.

HE. Govt. Loan 34% Loan Par Marsmans (Lon.), 15/6. Marsmans (KK.), 4/6.

Sellers Providents (Old), $8i. ·

Sales

Art

H

BETTER PLACED

per cent of its production Limited. Great Britain once Amongst spinners, says the Union abroad, while about 50 per cent. of maintained a consulate in Hothow de Banques Suisse. those working Swise domestic consumption 18 but was forced to close it in 1926 more particularly for export trade satisfied by imported goods, so that because of anti-British sentiment, were better placed than the others, the position of the Swiss industry. A French consulate, established There was a better demand for especially in view of the lowness of 1807, is maintained here. special doubled yarns, but this was "its import duties as compared with French Interests include a church, far from compensating for the those of other countries, is extre- monastery, hospital and two smaller movement in the other mely dimett.

schools. Forty years ago, France attempted without success to estab Hish a naval base at Yulinkan, at the southern end of the island.

The German consulate, closed at the outbreak of the Great Wat was never reopened

OKHOTSK SEA FISHING

Early Start By Soviet

COAL SHORTAGE

IN TOKYO

Dealers Supplies Exhausted

to

HUGE ELECTRICITY SCHEME

the

Hongkong Bank, $1410. Union Ins., $475. HK Fire Ins., $180. HK, Docks (New), $161. Providents (Old), $8.45. H.K. Tramways, $18.90/17. China Lights (Old), $8.55. HK. Electrics, $58.

Dairy Farms, $26.60.

PHILIPPINE MINES

Antamoks, Ps. 47. Atoks, Pa. 354

Bagulo Gold, Ps. 27. Benguet Consolidated. 13,60. Coco Grove, Ps. .40. Consolidated Mines, Ps. .003. Demonstrations, Ps. 17. IX.L. Ps. .66. Paracale Gumaus, Ps. 154. San Mauricio. Ps. 1.92 Suyce. Ps. .224. United Paracale, Ps. ".57.

HONGKONG

SHAREBROKERS”

ASSOCIATION

Volume of Business Transacted..

on Thursday, March 2 No. of

STOCK

SHANGHAI, Mar. 1 (Int'l) Unless adequate measures are Four of the largest reinforced' TIENTSIN, Mar. 1 (Intl)--on taken overcome the current concrete cooling towers in the eve of the commencement of dearth of charcoal and coal, many world are to be built near Bir- fishing season in the Okhotsk Sea. Tokyo families are going to have mingham as" part of the city's where further trouble is believed to forego their nightly baths for £5.000.000 extenson scheme at the lurking, the Soviet ice-breakers a long while and other hardships. Hams Hall Electricity Generating Trams began activities this year earlier according to a Tokyo report, than usual, upon the special in- structions from Moscow.

Although

the winter

Station.

at

Shares Price

100 $16.85

1,850

16.90

2,700

17.00

500

6.90

125

8.00

245 26.00

Each of these great new towers. is just which will be used to cool the Hotels about over, there is not enough water circulating to the turbines, Watsons The centre of their activities is coal, suitable for house-heating will be 317 ft. high-nearly twice Dairy Farms Nagaer Bay, where the Soviet purposes, to hold out, unless a the height of Nison's Column Philippine Gold Mining Quotations Government 1a attempting to fuel redistribution plan is carried Trafalgar Square, London-and nullify the Japanese leasehold on out. The local charcoal dealers 228 ft. in diameter at its base.

wintering in that bay and took

and

baths.

Thursday, March 2.

47

351

*

13.60

46

003

17

06

15

1.92

22

67

Market Comment, Steady.

the pretext of strategical necessity exhausted their supply some time The four towers will be capable Antamaks

The Ice-breaker Krasin, which ago. and many families have of cooling a total of

20,000,000 Atoks... entered that bay from the ice-buond een obliged to rig up coal-burn-gallons of water per hour, giving Baguio Gold Vladivostok, towed out all the vessels grates to heat their homes an output of 30,000 kilowatte Benguet Corisol.

And now the coal These towers are to serve a new Coco Grove them to the Bering Sea via, the supply in the capital is just about generating station which has Consol. Mines southern tip of Kamchatka penir-played out, many dealers already been designed in accordance with Demonstrations sula, after which the Krasin re-

reporting empty bins.

the recommendations of the Home L turned to Nagaev bay.

Unusually heavy snowfall, early once for air raid precautions in

Paracale Gumaus The Soviet Government origin-

in the season, blocked mine roads, electricity undertakings...

San Mauricio

ally intended to

The superstructure dispatch the rendering it impossible to haul

framework Suyoc Consol coal out. Anticipating the inevit-j of the building will be in rein- United Paracales able shortage, owners of business forced concrete, offices and department stores panelling of a minimum thick- operating big heating plants, ness 134 Ins. up to the

Kaganovitch, the largest Russian ice-breaker, under construction at Nikolaey on the Black Bea, to the,

of

with concrete':

NO ROOF LIGHTS

& GODOWN CO., LTD.

Okhotsk Sea in the coming his stocked up as heavily as possible. height required for air raid pro- H.K. & K. WHARF season, but because of structural As a result, dealers dug into their tection. defects discovered in the Kagano-normal reserves to supply the de- vitch, her departure from Odessa mand, selling out much earlier was delayed by three months, he than usual. has just reached Ceylon now.

The Kaganovicth is scheduled to arrive at Vladivostok on or about March 10 and until that time the Krasin will serve as her substitute.

FOREIGN

EXCHANGE

BUREAUX

(Reuter)- foreign ex-

PEIPING, Mar,

1.

No roof lights will be atted in

the new power "house and mil The Hongkong and Kowloon windows will be situated above Wharf and Godown Co., Ltd., re- the top level of the machinery, port that, subject to audit, the thus reducing possible damage amount at credit of proft and JAPAN AND HER to plant from bomb splinters, loss account for the year ended

FISHING RIGHTS

Six separate switch-houses and December 31 is: $1,565,373.56

TOKIO, Mar,

a control room will be erectedLess Amount of Interim 2-(T/Ocean)-remote from the main station, Dividend paid at $3.00

In connection with the conversa-and, in addition, two new chim- per share on 10/10/381 270,000.00. tions between the Japanese Amney stacks, each, 400 ft, high, will bassador in Moscow, Mr. Togo, be built. These wine of brick The amount, brought for and the Soviet-Russian

with a reinforced concree frame.

$1,299,37356

Foreign

Commissar M. Litvinoff, on the work for approximately 70 ft.

House

once more

from ground level

Preliminary... -- work › ' scheme already has begin vand

this

ward from the year 1937 belag Total now available for

distribution is:

249,411.83

$1,544,785.21

to

At the forthcoming Annual

Plans to establish

Japanese fishing rights, the fap- change bureaux in Peiping. Tient of Peers yesterday,

anese Government, in the sin, Tsingtao, Welhalwei and emphasised that Japan was fully it is hoped to complete the Irst Cheloo were announced by the prepared to safeguard her rights. section of the station, comprising Meeting of Shareholders, the local authorities as 2 further

one turbo-alternator, three boil-Directors will recommend an ap- step towards the establishment The War Minister declared that ers, one cooling tower and up-propriation as follows:- of control on imports and ex-if the reports were true that the plementary plant, by the winter To pay a Final Dividend

Bovlet had stationed 5,000 armed of 1946. Provisional Government after GPU in Northern Sakhalin, this Mar. 10, when the National Gov. would mean a violation of the ernment currency becomes illegal. Sakhalin Treaty. Japan was" pre- pared to resist possible Bovlet~

ports by the Japanese

spansored

GENERAL MOTORS

Russian encroachments.

=

AFFORESTATIONS

SCHEME IN FUKIEN

FOOCHOW, Mar. 1 (Central). Large-scale plantation of trees along the highways in Fukien is Commmercial operations have mately six acres. Its chief use being carried out by the Agricul begun in the assembly plants of will be the storing of cars, apare tural Improvement Bureau of the General Motors, Ltd., which was parts, and accessories, also the Futter Provincial Government. opened, on the Southern Rall-assembling of cars for sale, in this The plantation is expected to be way's dock extension estate at country. The materials used wil completed in the middle of this *Southampton.. The factory and be shipped from Canada and the month, when more than 200,000 «store covers an area of approxi- | UHA)-

treeds will have been planted.

of $1.00 per share ..............$620,000.00

To Transfer to General

Reserve A/

To Transfer to Repairs

and Renewals A/c. To carry forward

500,000.00

152,709.09 262,077.12

$1,544,785.21

LONDON GOLD

London, Mar 1 (Reuter). Bar Gold, Fine per oa, 148/5 Dollar Parity, 1-1/2d. premium.

FRIDAY, MARCH 3, 1939. —PAGE 11

Real Peotch1

White Label

EST SCOTCH WH MANAT GA

"For Christmas in

Descr&SOLS!

PEAT

Deward

White Label"

BOLE AGENTS:

A. S. WATSON & CO. LIMITED.

"NACET"

BLADES

FOR THREE

PEG

RAZORS

"NACET"

REOD, TRADE MARK

MADE IN ENGLAND

Nacet's achievement in produc- ing a low-priced blade of con- sistently fine quality has been a land-mark in the history of shaving. It has brought within the reach of thousands, the luxury of a daily shave, perfect in its smoothness and keenness, without adding in the least to their annual expenditure on blades.

Mr Howard Harding.

The Bligation

#4

LAMMERTS' AUCTIONS

PUBLIC AUCTION.

Ttructions from Professor

THE Undersigned have received ·

C. Middleton Smith, to sell by. PUBLIC AUCTION, at his re- sidence, No. 1 University Path, on

FRIDAY, the 3rd MARCH, 1939.

Commencingʻat 10.30 a.m.

THE WHOLE OF HIS VALUABLE HOUSEHOLD FURNITURE

Particulars from Catalogue,

On VIEW froin THURSDAY, the 2nd MARCH, 1939.

Terms; Cash on Delivery.

LAMMERT BROS..

AUCTIONEERS.

PUBLIC AUCTION.

mts Undersigned have received

instructions

to sell by

PUBLIC AUCTION

́WEDNESDAY, the 8th MARCH,

1939

Commencing at 9.30 am.

At Kowloon Naval Depot

OLD AND SURPLUS VICTUALLING STORES

Comprising:

Clothing, including Blankets and Serge and Ducks, etc. Remnants, Electro plate, Cutlery and Table Linen

Lots may be inspected on 7th March, 1939

Terms of Sale:As detalled in Catalogue.

LAMMERT BROS By Appointment. Auctioneers to the Admiralty,

Engraving is the hall mark

Mr J. Cartwright.

18. Allinton Post for th

In these

we Specialise

Samples available

at

Mr. Geoffrey A. Matthews

of

hallmark

VISITING CARDS.

If you wish to create

good

a

impression use our cards

of high

Quality.

Mr Eric B. Greon.

20. North Road.

Touth Shieldli

The FASTERN ELECTRICAL COMPANY.

OERRARD IT 4

FRIC GRAY

PHONE CENTRAL 1768.

GAMERA BYU

* STARRY, W.3.

Mr. Dennes & Spalding,

THE HONGKONG DAILY PRESS

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