1941-02-14 — Page 9

Daily Press 孖剌西報 All

HONGKONG DAILY PRESS

AMERICA'S DEFENCE

INDUSTRIES

How to maintain präce and production in defence industries engaged more of the government's attention this week than at any time since rearmament began. Several members of Con- gress introduced bills to effect the purpose,

Representative Smith of Virginia, author of the pending" Wagner act amendments, proposed penalties up to life imprison- ment for saboteurs of defence projects; thirty-day notices "de- „ fore labour could strike or employers impose lockouts; abolitlon of the requirement that a seeker for defence employment shall Join a labour union, or abstain from joining it

Some

FINANCE & GENERAL

Finance and Commerce

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Bayer Ballers

Sales

Nomland

•

$76

Representative Hoffman of has supported the case with his Michigan would bar the union associates, and they in turn have initiation fees imposed on workers urged concessoins on labour, before they can do cantonment

time

there was age labour. Senator Ball of Minneso-small unauthorized strike in the -ta would set up a special defence Middle West. The employer had conciliation unit t the Depart said that he would not talk to ment of Labour. There is a gen- any conciliator until every one eral unit already, writes Arthur went back to work. He pounded $3677| Krock.

the table as he said it over the

The Administration was deep in telephone. He refused even to study of the subject, but its com-discuss the case with the interna- ment was meager. "Only life im. tional anion ofcial who admitted prisonment?" the President retort- that the strike was unauthorized. ed when

WAY PREPAREU

his press conference brought up the "Smith bill."

Mr. Bransome found some one

And Attorney General. Jackson, in industry who knew the "manu- replying to a question from Char-facturer personally, to prepare man Sumners of the House the way

for his intervention Judiciary Committee, sald he had You are going to get a call from nc suggestions for new legislation Ted Bransome in Washington, to maintain defence labour peace, from the Defence Coinmission," and production, whereupon Mr. said the friend. "He is no labour Sumners passed on his inquiry to bureaucrat, Do New Deal poli-. the War and Navy Departments tician. He is one and to the members of the Ad-lister to him." The manufactur- visory Defence Commission

er was "softened" and told his

rest with

was

of us. You

Until or if legislation is enacted. tale to Mr. Bransome, who in turn or there is some new step in ad-reminded the angry industrialist ministrative policy. responsibilty of the attitude, of the union off- for industrial defence conditions cial, pointed out that the union will continue

the man

known to be square. Labour Department's concilation "Send hum in" said the employ- service and with a very effective er. The result was a settlement. and interesting set-up in the De- A man familiar with the Hill- fence Commission about which lit-man-Lubin-Bransome team-play tle is known or has been publish- in conciliation offered a further ed up to the present time.

explanation of its success: "Bran-

RECORD OF SETTLEMENTS some has a shoulder industry can' In

the last five months this cry on," he said. "He represents Defence Commission group

has it sympathetically and officially, handled 210 labour disputes. Ne but sensibly. He has to be rea- stoppages of work occurred in 100 sonable with Hillman and Lubin cases, and in all but a few of the to get results, but by the same remaining cases the interruption token they have to be co-upera- was brief-from a few hours to a tive with him.

day or two. Up to the time of "And the value of Keenan, and the Vultée strike the record made Owens is chiefly that. when labour was exceptional. And, compared is in the wrong, one of them can with defence labour breaks cuss out an A. F. of L. union., the In the same periods in 1916 and other a C.IO. union, in a way no 1917, the Improvement is marked, outsider, would dare to do, GT

An odd combination of citizens could do effectively. handles these délicate matters for "This useful combination makes the Defence Commission, its gen- the labour division. And if some- erally successful position being thing hadn't slipped up so they that production must on for didn't get the usual forty-eight- reasons of patriotism while both hour notice before the Vulter sides talk of the Issues. Sydney strike. that wouldn't have hap Hillman is the chief or the div: pened."

sion. His executive assistant

Dr. Isador Lubin.

HILLMAN'S AUTHORITY

Mr. Hman has the President's

Under these two operate two direct authority to supplant the Joseph Labour Department's conciliation:

clate

labour representatives Keenan of the A.F. cf L, and John with his own division whenever in Owens of the CIO. But the asso. his judgment the time has come

Hillman of Messrs,

and to do so. Until that time Secre-' Lubin is a detence worker whose tary Perkins and her aides are in presence in Washington is little charge. But, as the same expert known to the general publie des-witness puts it. "Madame "Perkins pite the tact that to him is given has to butt out whenever Sidney a large share of credit for the¡ says so."

8218

!!!!

35,95

817#

$18

81415

£80

SHARYBROKERS' ASSOCIATION

THURSDAY

13 FEB.

H.K. Ba

Banks

Do. (Col. Beg.}

Do. (Lon. Reg.)

X.D. £77

£811/18 £23

Chartered Banks

Marcantile Bks. "A". 21 Mercantile Hkr. ""C".

Bank of East Asia...........

::::

N. C. & S. Banka..... Insurances

Cunton InanPAD COM..................

$410

Union InsuTROCES.................

Underwriters

H.K. Fires..........

Shipping

$136

Douglases

$11

Steamboats

$100 Indo-Chinas (Pref.

$60

Bayer Balleta Bomins

C.D. I.D.

$1410 LEO

£77

£$3

£111

$76

15 ct.

***

H.K. STOCK EXCHANGE

The main turnover today was in China Providents, otherwise the market was on the quiet side.

BUYERS

HE. Govt. 4% Loan, 95.50 Cts. H.K. Govt. 31% Löän (1934), 93.75

Ots..

HK. Govt. 91% Loan (1834),„,03.50

Cts.

Bank of East Asia. $76.

Canton Ins.,' $215."

HK. Fire Ins.. $167.50.

Providents, $5.80. "

Lands, $34.25.

Lands 4% Debentures, $97.50.

Star Ferries, $58,50.

Lights (0), 56.

Cements, $17.50.

#218

$410

80 ct.

#170

8136

$100

Fado-Chinas (Def.

860

44/44 Shelle

-44/4

Watsons. $11.

મ

Waterboata

Entertainments, $7.

Docks, Wharves

Godowns, etc.

SELLERS

898

H.K. & E. Wharves,

$98..

Docks (0), $18.

Providents

$5.85

$17/

Lands, "$34.75.

$17

Realties, $3.75.

#311

Trams, $13.05.

Lights (O), $8.25.

18/0

Electrics (0), $40,23.

171

H.K. Docks (Old).

$17 H.K. Docks (Now)... #3+Shanghai Docka.....

18/0

1 cts

Kailans Raubs

Mining

Hong Kong Mines.....

Lands, Hotels and Buildings

83.60 H.K. & §. Hotels..............

Do. 4 Debentures. $12.40 Shanghai Lauda..

834) 8341 $971

H.K. Lands..............

834

H.K. Realties..

$7.06 D.umphreys .......

Chinese Estates.......

$98

$45

8205

Cotton Mills

Ewo (B.)

FRIDAY, FEBRUARY 14, 1941, -PAGE

SAY

Gordon's

...and know what you're drinking/

GORDONS

DRYGIN

DESTILLERY LONDON

Watsons, $11.05.

SALES

HK: Banks, $1415. Docks (O), $17.80. Providents, $5.75/80. Rumphreys, $7.05 X.D. Electrics (0), $40. Sandakan Lights, $12. Cements, $17.50. Ropes, '$8.50.

LONDON METALS

EXCHANGE

London, Feb. 12 (Reuter).

Standard. Cash, Middle

NO COLOURING MATTER

NO INJURIOUS INGREDIENTS

AFGHAN MISSION

FOR JAPAN

PESHAWAR, Feb. 13 (Reuter)

AD Aignan

CHINA'S DOMESTIC

INDEBTEDNESS

CHUNGKING, Feb. 15. (Reuter) commercial mission-China's total domestic indebted- has arrived here. The mission has ness since the commencement of beer invited by the Japanese the present war' amounts to Foreign Trade-Promoting Associa- NC$1,778,000,000, or less than $20 tion through the Japan est Gov- per capita of the population, ac- ernment to visit Japan.

cording to Ugures published in 2 The visit is expected to "last financial" review released in six or seven weeks and will be Shanghai, which states that the mainly concerned with a study of amount of China's domestic loans Japan's industrial and commercial outstanding on the eve of the war development and to explore the was NC34,300,000,000. Japanese market for Afghan pro- The total amount. of domestic ducts.

loana by the Chinese Government since

started 15 given as NC33,400,000,000, Customs Clold Units 100,000,000, £20,000,000 and US. $100,000,000.

LONDON. GOLD

London, Feb. 12 (Reuter). Bar Gold, Fine per oz., 188/-

$3.60

8344 $87

$3.85

"I.D. | #T

$452

205

$125

$18.05

$7.40

$34

Tin.

8861

Star Ferrics...

$57

Price. £257-7/8.

$24

T'mati Ferries..

8241

Tin. Standard,

Cash, Middio

$62

China Lights (0)..... $1.97 China Lights (New):

$40. K. Electrics (014).......

16.10

$1.96 Price. £258-1/8.

$402 $391

1918

$12

$17

$18.65 $18.00

S'hai Cuttons. (8.j.. Zoong Sings (8.)..... Wing On Textiles (6.

Public Utilities

H.K. Tramways............... Peak Traun (old)... Peak Trams (new)....

#38 H.K. Electrice Now)...

3171

$181

$25

Macro Electrics (Old

Macro Electrics (New)

Sandakan Lights......

Telephones (cld)..

810.20 Felephones (new)..... S'pore Tractions (Ord.

Industrials

Canton Ice.............

Cements

Н.К. Варев

H.K. Govt. Louns

895 4% LORD

#25)

830

Cald., Macg. (Ord.) §

$25

Cald., Macg. (Prof.)S

75 cta.

8173

$17:50

281

95_

$952 $931

293)

8934

$1.00

$11

$11.08

success of the labour division, The Defence Commission's This is E... D. Bransome, president Labour Division members are a of the Vanadium Company.

unit in belleving there should be Mr. Bransome Is Industry's re-no strikes or lockouts in defence presentative in the division. production and that these can be There is no question of his devo-averted by proper approaches and tion to and belief in the capital mediation formulae. It may be systern," the profit motive, and the that as rearmament proceeds they ECONOMIC character and ability of American will need more than their success-

forthright and bold and his out-, method to keep up their records.

31%

(1934)

31%

- (1940). Miscellaneous

Watsons

$19.20 Dairy Farias.............................

Euterlammenta .... Constructions (old)..

$1 Constructions (w)..

Lane Crawfords...... Nanyang Tobacco..... $2.16 Sinceres

42/47 Ch. G.5% 1925G3Bds $30 H.K. Wing On

S'hai Wing Un........ $7.70 Vibro Piling

7/6 Marsmans Înv, (Loa. 2/6 Marsmana Inv. (H.K.

$1.80 Wm. Powells.........

China Lights(Rights)

+Sale to Shangha

immă di

$19

$7.10

war

PRE-PAID ADVERTISEMENTS.

The following blasece of advertisements are charged at the price given below:--- SITUATIONS VACANT.

HOUSES AND APARTMENTS WANTED.

HOUSES AND APARTMENTS TO BE LET. MISCELLANEOUS WANTS.

Announcements not exceeding 25 Words are inserted under this heading at a Pre-paid Rate of $1.50 for THREE INSERTIONS. If Charges collected, ~$2.00.-

TEA DANCE DAILY

35%

HIGH PRICES for all gold and sliver articles, gold bars, diamonds and jewels. Apply China Gold Refining Co. Pedder Building, 2nd floor, Room 6.

FOR JADED APPETITES!

HOTELS

REAL RUSSIAN FOOD

Tiffin $1.00 •. Dinner $1.25

METROPOLE HOTEL

EXCEPT MONDAYS

5 to 7.30 P.M.

WANTED TO BUY

1.65

#7}

WE PAY

$34

$2.10

$11

$39

$14

:..

WE OFFER HIGH PRICES for

$1.00 any amount of gold articles.

HONGKONG

SHAREBROKERS'

ASSOCIATION

industrial management. He is ful. personal combination and TRANSFORMATION ward manner has given him the that laws must be written to en- An important consequence of name of being hard-boiled. Messrs. force the method. But meanwhile the European war is the economie

Volume, of Business Transacted. Hillman and Lubin are equally-unlike NLRB this is how the transformation of several South

on Thursday, Feb. 13, 1941. sympathetic with the case

of Hillman-Lubin-Bransome" team 19 American states, of which Brazil

SALES provides the most striking exam-

H.K. Banks, C.D.. ple, according to Saplens, finan-China Providents... 1,000 cial editor of the influential paper Le Figaro.

HK Docks While ten years ago Brazil was primarily an agricultural country, HK. Electrics (D) with coffee being its most im-AS. Watsons portant product, today she tends towards a gradual industrializa HK, Tramways.....**

labour, and the manner of both is operating without "a law." mild: Nevertheless, this strangely assorted trio has worked smoothly and harmoniously and each one

has nothing.. but praise for the

other two in the group.

HANDLING EMPLOYERS

Wool From Fish Refuse

constituting the

The labour division has no set The albuminous substance, con pattern of operation. But gener- tained in the refuse of fish button. ally its method is this:

wasted so far, may be applied as When the Labour Department's fine material for making artificial important element b Brazilian Although coffee is stul the most conciliation has run into a stone-wool, it was recently discovered in trade, wall, into an adamant employer an artificial, silk manufacturing item in. Brasil's national income..it largest or workers' group or both, it is company at Gifu City, Gifu Pre-represented merely 30 per cent. of supposed to give forty-eight hours fecture. notice of impending trouble to the

her exports in 1940, as against 60 The new process, according to per cent. in 1930. Hillman-Lubin-Bransome trio. If

the Hochl. has been fully tested! it is the employer who seems to

COFFEE REPLACED be making most of the trouble, for its effectiveness and its indus-

Mr. Bransome takes him on. If labour appears to be unreason-

friends

trialisation

try has not been so persuaded the Commerce and Industry Min- Therefore, to discover that In Mr.

istry,

5 $1,380.00 5,75

500

5.80

200

17.70

200

40.00

500

11:00

" 500 100

11.00 18,00

The total value is $39,890,000.

LONDON STOCK EXCHANGE

ווי

LONDON, Feb. 13. (Reuter) ·

On the Stock Exchange yesterday

FOR SALE

diamonds, silver, jewels, etc. No. holidays. Apply China Building, FOF SALE:-As a Going Concern, 7th floor. Tel. 30727. Eurasia Gold the old established business Refining Co.

WE PAY HIGH FRICES for all

gold and silver articles. Jade, diamonds, jewels, watches; foun-. tain pens. Apply Far East Dia-

and mond

Gold Refining Co. Room 621, China Building, 6th Hoor.

WANTED KNOWN

Why not learn all the Fancy latest Stitches for your dresses and Sweaters.

JOIN THE KNITTING CLASS AT $3.00 per month (Twice a week lesson). Please apply to Box No. 654 c/o HKDP.,

As an export product, cotton an apathetic view and political ORDERS TAKEN for hand-made

With

favourable

►

while Kaffrs,

Dutats, etc., at $5.00 each for

►

is being considered replaced coffee to a considerable uncertainty induced selling pressweaters. Ladies' Jumpers, Bables among those interested, who are degree. The production of cotton sure, able, the task is assigned to Mr. reported to be arranging for the registered a tremendous growth Gilt edged holdings were around workmanship.

establishment of a factory solely during the past ten years, jump-one-eighth lower Himan or Dr. Lubin.

Wool and modes desired, to be Labour bas

for a long time devoted to its manufacture with a lng from 500.000 bales in 1980 to oils and home rails all drifted supplied by customer. known that it has

at fund of 172,000 which has been in 1,900,000 bales in 1940.

down aimlessly, but industrials "Court in Washington. But indus. creased by Y12,000 as a subsidy he

Send particulars of address, etc.. trade partially rallied towards the close balance. the Figaro neserts, the though without a material into Box 502, HX.DF. Brazilian Government, which is a crease in interest, operators -gen- Bransome it has one who under Az Japan is famed for her rien stable one, will no doubt utilise its erally marking time. stands and sympathizes with its production of fish with the fish financial resources to ellminate its difficulties and can make sugges refuse being roughly estimated to foreign debt arrears and sign an harder. tions from experience as an em- reach some 480.000 tons a year agreement with holders of Brazi- ployer, has many time had a the possible production of artificial lian bonds in many countries. "softening" edect on industry wool out of the fish albumen will A working agreement for the when softening was the reason attain the annual level of 210,000,- settlement of the main Brazilian able process. When Mr Bran-000 pounds if one-third of the Tan debt abroad would entallan an- below the suuntal average some has concluded that the em-refuse is utilized in this marmer, nuni disbursement of 23,500,000 Budi's Cavourable trade, Ibalance

"which, according to the Figaro, during the past years. ployer was correct in his stand he the paper further reporta.

Japanese bonde were a tride

Wall Street was closed.

Experienced Book-keeper Wants Btudents to torm a class. Guaran tee students to keep a whole set of books after completion of a course of 6 months. For Term and Par-.. ticulars. Please Apply to:-Box No. 403 4/0 H.K.D.P.

Messrs. C. E. Warren & Co., Ltd., Sanitary & Heating Engineers, with all Stocks, Property, Lotry, Goodwill &c. Apply for further particulars to Messrs. Lowe, Bing- ham & Matthews.

PACKING CONTRACTOR

Any Kind of Articles will be Packed Carefully and Perfectly at Reasonable Charges Order will be Secured Promptly

TOMINFAI TELEPHONE 33237, 25827.

YING LEE CO.

BEST CAMPHORWOOD TRUNKS NO. 8, QUEEN'S ROAD EAST, WANCHAL

·ENGRAVERS

FEI FEI & Co. Photo Engravers 18, Cochrane. Street, Telephone No. 22224,

AUCTIONEERS

GREATEST COLLECTION OF BARGAINS IN TOWN!

LAMMERTS KIDUN JAUM Lontinet, Be Tha

Jimmy's

TAILOR

LAM SHIU SHEK 334, Nathan Road, Kowloon, Tel. 57712.

Guaranteed delivery 1 guit in 24 hours notice and 6 hours for a pair of trousers.

BUTTERICK

Expert Ladies Tailor New Style Ready Made Dresses, Overcoats and Costumes FOR SALE.

16, Wyndham Street, Tel. 23825

For Sale Hong Kong Centenary Envelopes

With Views of Hongkong in 1841 and 1941

for

First Day Issue of

Centenary Stamps

at $1.00 per dos. Envelopei

GRACA & CO. Dealers in Postage Stamps, Garden Beeds, Picture, Books, etc. No. 10 Wyndham Street. Established 1895.

1941-02-14 — Page 9

Comments

Private Research Note