1941-05-16 — Page 9

HONGKONG DAILY PRESS

WHAT IS THE WAR IMPORTANCE OF SILK STOCKINGS?

What is the war importance of silk stocklings? This question was answered, by Major Douglas Hallam, Secretary of The Suk Association of Canada, in an interesting talk over the Canadian Broadcasting Corporation network last month. Importation of raw silk is under control and its use restricted as a war measure As rapidly as substitutes can be obtained the quantity of silk used is being reduced.

FACTORY CLOTHING INDUSTRY

'cent.

and

In 1940 Canada paid approxi. mately six million dollars for raw silk for hosiery. In war time. it la necessary to divert huge amounts Juf hard currency" into channels which result in direct production of war materials.

of silk in

FINANCE & GENERAL

Finance and Commerce

H.K. Stock Exchange

BUYERS

H.K. Banks, $1805. ·

Bank of East Asia, $70. H.K. Fire Ins: X.D., $176, Indo-Chinas (Pref.), $80. Providents, $5. Hotels, $2.85.

Lands, $31.10.

Realties. $2.70.

Electrics Rs. $11.25. Maceo. Electrics, $19.15. Ropes, $6.40. Entertainments, 30.26.

SELLERS

Providents, 35.15. Trams, $18.10.

SALES

Docks, $15. Providents, $5. Realties, $2.70. Trams; $15.90. Lights (0), $5.70. Electrics (0) X. Rts.. $22.25. Electrics Rts. $11.25. Macao Electrics, $19.15/19.50/19. Ropes, $6.50. Watsons, $9.50,

"Establishment of a new

textile

INTERNATIONAL TRADE

IN SECURITIES

"An inflow of over. $30 million of capital into Canada from the United States resulted last year from the international trade in securities. The flow was In the other direction to the United Kingdom and the inflow from other countries was small, no that the net Inflow from the total trade was $29.8 million. This was a sizable contribution to the capital available in Canada in view of the reduction in total transactions. It was almost the same as in 1988 when total trade was more than three times as great.

The

་

total trade in 1938 was States honds also tended to offse $700.5 million but in 1940 it was one another.

Of

'

Restriction in the use of raw silk, which follows similar action The clothing manufacturers oc- taken in other countries of the cupy an outstanding place in the British Commonwealth' will reduce textile industries of Canada. Two the amount of foreign exchange branches of clothing manufac- that is required to pay for such ture men's factory clothing and importations in ordinary times. women's factory clothing-rank Since the bulk of the substitutes Erst

second in the textile will be purchased in Great Britain Women's factory clothing the money paid for them will go group in 1939 reported an increase of to that country and thus support four per cent in output value, the general war effort.. while in men's factory clothing- When, in December last, the with which is now included men's Minister of Finance stated that a furnishings-the gain was ten per a necessary war measure the use Canada must be cut Montreal is the chief centre of down as rapidly as possible, the operations in both industries, but manufacturers of a hostery ap- half a dozen other cities, notably pointed a committee which offered plant on the opposite side of the Toronto, are conspicuous in special to the Government the full co-Richelieu river, to be known as capital in trade with the United mounting to about $1 million in lines. Carlada is an extensive im-

In a Iberville Drapery Mills Limited. is States last year, Canadian stocks porter and a moderate exporter of operation of the industry.

survey of the situation the follow announced. It will specialise in and bonds constituted $12,7 million wearing apparel.

The gross value of production ing factors were considered.

drapery fabrics. Mr. D Wesley and United States stocks accounted DIRECT EMPLOYMENT in the men's factory clothing in-

Mason, who heads the new concern, for most of the remainder. Al- Canada is also president of Louis. Roessel though they were in substantial dustry of Canada in 1939 tolalled Twenty-five mills $70.808,000 Is compared with made full fashioned hostery frum and Company Limited, at Drum volume, sales and purchases of $64.304,000 in 1933. As between silk, giving direct employment to mondville, a pioneer producer of Canadian stocks virtually balanced, these two years, the namber of over seven thousand people, with silk and rayon fabrics in Canada. Sales and purchases of United plants declined from 387 to 375 jan annual payroll or over, eight but the capital employed rose from million dollars. The machinery in $36,899,000 to $40,792,000, the num-the mills being of high precision ber of employees from 21.205 to and very expensive can be used 22,428 and the payroll from $18,- for no other purpose than to ture STOCK EXCHANGE, 407,000 to $20,068,000; while the out ladies fine. stockings. The in- cost of materials advanced from dustry pays very substantial taxies, $35.827,000 to $39,992,000,

ת!

municipal, provincial and don'

The annual output of the inaus.

In the clothing contractors' in- nion. dustry, which embraces both men's

thirts - were sold in

and women's clothing manufac-try was thirty-six million pairs of tured under contract, the gross silk stockings. Of these, value of work performed rose from one million pairs 31,989,000 in 1938 to $2.143,000 in Canada, and five million pairs ex- ..ported The exports went to fifty- three countries, bringing in muca

1939,

HIGHEST VALUE

Of the eight branches in which needed money to Canada. "These the men's clothing industry is large exports were tulit up, says classified (according to the plant's the Secretary of The Silk Associa- principal product) the highest on, becane Canadian atockings value in 1939 was provided by suits were of the highest quauty pro- and overcoats at $37.438,000 with duced anywhere in the world. overalls and work shirts second at will be seen that it was not ecrna ·· $11,958,000 In the men's suspen-mically advisable to interrupt the ders and garters branch the output production programme of the fb- value was $755,400, miscellaneous dustry men's furnishings $1.384,000, trou-

An adequate supply of substitutes

sers and separate garments $3,582 for sik which could be success 000, wind-breaker and work pants fully ran on the high precision $3.017,000, men's neckwear $3,059,- machinery and meet the reunire- The output value for the eight ment of appearance and wear wes branches in Montreal wag $28,880,-

not immediately available. BUBSTITUTES. ·

000, and fine shirts 59,638,000.

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,000, while for the six branches for which figures are available for

The substitutes were: Toronto the value was $14,827,000,

(1) The finest cotton yarns that Kitchener led in fine shirts and could be spun. These were "Wimilpeg in overalls and work obtainable in England and because of their fineness were slow in pro-

shirts.

FRIDAY, MAY 16, 1941.-PÄGE

SAY

Gordon's

...and know what you're drinking/

ORDONS

DRY GIN

DESTRAERY LONDON.

NO COLOURING MATTER

NO INJURIOUS INGREDIENTS

Five-Year Plan To Increase China's Wool Output

only $219 million; while the net The balance of sales of Cana- inflow of capital declined onlydian bonds to the United States from $28,9 to $28.8 million,

was mainly made up of Dominion There Sale, of securities by Canadians and corporation bonds. were greater than purchases in were also net sales of provincials each of the three last years. Total and municipals, but in smaller sales in 1938 were $369.2 million amounts, while Dominion “guaran- and total purchases $340.3 million; tees and other railway issues were In 1999, salea $311 mlion and repurchased on balance, purchasen $238.9 million; last

Net repurchases. year,

securities sales $123,9 million and purchases from the United Kingdom in 1940 $95.1 million.

amounted to $2.6 million. Trans- Last year in trade with the counted for most of this and the

actions in Canadian securities ac United States sales were $113.6 balance was divided between both million and purchases $83.4 mil-stocks and bonds. Each group of llon; in United Kingdom trade. Canadian bonde was repurchased sales $7 million and purchases $9.5 on balance from the United King million; and in trade with other dom with the exception of Domi- countries sales were $3 million

nion issues. and purchases $2 million.

Net sales to other countries, Of the net import balance of

the level of the preceding year, and 1940, were greatly reduced from

were distributed among Canadian stocks and bonds. ties throughout 1940 was, of course. International trading in securi-

The annual output of wool in the Northwest amounted to an subject to wartime controls and its average of 300,000 piculs in the past. It is expected that the success- character was generally influenced fal execution of the plan which gives particular attention to - wool by this factor, with restrictions production' in Kansu, Ninghsia. Chinghai and Szechwan, will increase upon the export of capital from the annual output to over 100,000 piculs. Canada the transactions, recorded

stations wil be there are a number of small woollen. Experimental as purchases of securities by

in established Canada represent, in the main, Szechwan and Skong to improve absent

the "Northwest. mills, big ones are conspicuously "switches." ie, the reinvestment of the quality of wool and to clean

Under the leadership of Mr. 0.5. proceeds from sales of securities Soinstormerly held.

Lieu, prominent Chinese business- the product,

The export of wool' will also be man from Shanghai, a China Increased, according to the plan. Woollen Textile Manufactory has Approximately 1,303,031 pounds

During the past, about one-third been established and will start.. of fresh and frozen ash were ship- of the wool produced in the North-operations sometime in July. It is red from Alberta lakes and rivers west has been exported to Soviet expected that the monthly output:

Russla

of woollen cloth by this factory will according to províncial authorities. Woollen textile industries are still reach 1,000,000 yards. (Central The total catch for the province is at their infancy in China. While News). placed at 3,500,000 pounds.

HONGKONG SHARE QUOTATIONS

$1305

SHAREBROKERS: ASSOCIATION

Bayere ·Ballers Balan Nominal

THURSDAY 15 MAY.

Banks

Buyer Bažkura

H.K. Banks

$1303

£761

Do. Col. Beg....

£7%

Do. (Lon. Rog.)

£81

211

#76

#776

$80

only

ས་

12.05

In women's factory clothing the duction. They were so fine that gross value of production in 1939 jone pound of the yarn if laid out 110 was $59,595,000 as against $57.272,- in a straight line would stretch for 000 in 1938. As between these two fifty-six mites. years, the number of plants in-

(2) A type of rayon yarn deve-

creased from 605 to 615 and the toped in England especially for use capital employed from $26.255.000, in hosiery.

The basic materia

to $28,682,000; the number of em- from which this yarn is made is ployees from 19,909 to 20.270 and

the payroll from $16,985,000 to $17,388,000; while

the cost of

cotton linters;.

(3) Rayon yarns produced in materials rose from $32,047,000 to Canada. The back materials used $33,726,000,

in producing such garns are pulp- Among the six branches in which wood and cotton Inters;

the women's clothing factories are (4) A comparatively new B1 classified, dresses led in 1939 inthetic fibre called "Nylon.

This fibre

output "value at $23,810,000" "with The base from which Nylon is coats and suits second at $15.-made is coal tar. 255,000.

produced in the United States “ät

1

A

: 00

$16.10

Charlerod Bank?.

£22 Mercantile Bk■. "A

Mercantils Rka. "C" Bank of East Asia.... N., C. & B. Banka....

Insurances

$220 Canton Thearances... 2408 Union Insurances,

H.K. Pi..... Shipping

$128 Douglases

Steamboats ***

Indo-Chinas (Pref.)..

31

X.D.

Underwritera

$60

Indo-China (Del.). Sbell

41/2

$6.55 Waterbonis

Docks, Wharves. Godowns, etc.

11.K. & K. Wharven. Providenta

H.K. Docks (Old)..........

1

***

3854 $4.90/3...

$15

H.K. Docks. (Now)...............

#25

12/0

$2.70

*Shanghai Dook........

Komilane

Mining

$8 •Baube ...

[1} cts, Hong Kong Kisés.....

Lands. *Hotels and Buildings

$70)

14 ct

876

£721

$222

$400

75 ots.

X.D. $176

$117

880

$80

41/3

14

14.90

32.25

HLE, & 9. Hotels...... R.K. Lande. $31 $87 Do. 4% Debentures.... $12.90 Shanghai Landa, ......

H., Realties... $6.70 Humphreys ma 199

Chinese Estates.

Cotton Mills

835

Ewo (9.)

$200 S'hai Cottom (8).

Zoong Sings (8.):

Wing On Textiles (S.)

Pablle Utilities

H.K. Tramways,

Peak Trams (oid)...

$3 Peak Trams (now)...

$514 Star Ferries, camino.

X.D. 121.36 Yati Ferries......

33.70 China Lights (0.....

814

China Lights (New)..

$2.79

ZRte. $H, K, Flectrics (Ol. I.B.

present in Hmited quantities, and only a relatively small amount can be obtained for use in Canada. $13.15

#211

nt

In

HONGKONG." -

SHAREBROKFES

The Holstein-Friesian breed of

ASSOCIATION eattle outnumbers all others

Volume of Business Transacted on Thursday, May 15, 1541,

SALES

China Lights (0) China Providents HK Electric Rts.

Quebec according to the provincial branch of the National Holstein- Friesian Society. During 1940 the branch made 5.238 registrations $5,70 and a second field man WORLA 20- 6.00 pointed Two new breeders' clubs

500 *500

33

17

50 11.25 were, organised, bringing the pru- 11.25 vincial total to 16. A world's re- 11.25 cord for butterfat was established

Macan Electrics

200

300

19.15 Mount

19.15 by Mountvic Bonheur Hartog of Victoria Farms, Hudson

HK. Tramways .......

500

15.90 Heights. Milked three times per day. her production was" 1,153 pounds of butter fat from 23,248 pounds of 4.75 per cent, milk,

2,100 "Bale on Wednesday, 14th inst. The total value is $24,000.00...

Value of forest products of New Brunswick exported in 1940 total

*

The population of the province totals 3,151,871, according to the Department of Municipal Affairs,

lec $34,272,091. Total production for Trade and Industry. Thle total is a the province is valued at $41,272.- compliation based on municipal

991 by Hon, W, F. Pirie, Minister of and other returns for 1939, and 15 the Department of Lands and, an increase of 277,413 over the Minës.

total of the federal censu

$14

$6.40

ME

H. K. Klectrics(New)...

H.K. Electric (Rte)

Macao Electrica

Macro Electrica

Sandiakan Lights...

Rita | Talaphones' fold).

#01

8:30

Telephones (new)........

Industriais

Cali, Macg. (Ord.) is. 89% |Caid, Macg. (Prof.)8

Canton To...

Cements

HI. Hop

$61

HK., Gori. Lotus

·B9% 4% LoER

་

(1934).

(1940)

$944 32%

$94 -21%

Miscellaneous

$17) Dairy Farms....

Entertainments

$1.60 Constractions (old)...

Constructions" (now)... Lane Crawfords......... Nanyang Tobmoco.................. $2.16 Smcerer

Watsons

Ch. 0.5%% 1825G&Bå

ILK. Wing On

S'hat Wing Un....

17,90 Vibro Piling

6/3 Maramang Inv. (Lou,

$1

Marsmena Inv. (H.K.)

$1

Lights Rts.

Wm: Pöwells......

TOR

0.20

28

$39

தர்

· 4Bale to Bhanghai

$1,90

LITE

፡፡

1

1:

TURPURE PEI Bi

$142

8551

$25

19/6

18

$200

$125

to the Chicago market last year.

"A five-year plan to increase the production of wool in Erse China has been grafted by Government authorities,

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PRE-PAID ADVERTISEMENTS.

The following classes 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.

Energetic

$73

26402..

350

123.

$6.70

WANTED

art

canvassers

(Boys or Girls) for outdoor work. Apply Box 29 BKDP.

WANTED TO BUY

WE PAY HIGH PRICES #971 for all gold and silver" articles. Jade diamonds, jewels, watches, fountain pens. Apply Far East Diamond and Gold Refining Co. Room 621, China Building, 6th floor. (Store will open on Sun- daya and Holidays).

$36

い

General Agent: Chan Che Kee

$1580 No: 4, Lyndhurst Termice. Tel

WE OFFER HIGH PRICES for any amount of gold articles, diamonds, silver, jewels, etc. No holidays. Apply China Building, 7th floor. Tel. *30727.

EURASIA GOLD REFINING CO.

FOR JADED APPETITES!

HOTELS

REAL RUSSIAN FOOD

Tiffin $1.20 ...

Dinner, $1.50

METROPOLE HOTEL

LOST

Gents dress ring between Moody Road and Harbour View Hotel. Reward. Finder please communi-

WE PAY HIGH PRICES Cate Box 248 HK.D.P. $1.80 for all gold and silver articles, old bars diamonds and jewels, 911) Apply China Gold Refining. Co. Pedder Building,»2nd floor, Room 5,

178 ota.

971.

$17

WANTED KNOWN.

TO LET-Unfurnished from 1st June. 300 The Peak Bix roomed [house, iri Bluff Path, Fifteen

minutes from Tram. Reasonable. Rent. Hastings & .co.

Experienced Book-Leeper Wants House. Students to 1mm a class, Charan- ce students to keep a whole sat of books after completion of a course uf 6 months. For Term and Par- deujars. Please Apply to:Box, No. 483 a/o HKDP

Marins

BUTTERICK EXPERT TAILORS FOR LADIES'

GARMENTS. 27.

Premium payments under the $1.65 provisions of the Cheese and

Cheese Factories ïmprovement Act 16, #7

on production during 1040-wili ex- ceed $1,000,000 and payments on account of Improvements of ripen- ing zooma, - -standardiantion. of n cheese pressing equipment and $14 amalgamation of factories will ap- proadnate $200,000, Ripering |rooms of 187 factories have been, insulated or insulated and refri gerated. Of these were on- larged.

$42

'NEW STYLE READY MADE AMERICAN DRESIES FOR SALE. Wyndham Street.

AUCTIONEER

Tel. 23613

REATEST COLLE HON OF

BARGAINS EN DOMINI

FANM KOS VEC | 1×4*,

2444 17

TEA DANCE

DAILY

**EXCEPT

MONDAYS

5 to 7.30 PM.

ENGRAVERS

FEI FEI & CO. Photo Engravers 18. Cochrane Streek. Telephone No. 22224.

AT

Jimmy's

„Hely Your-Friend änd

hui Hobby by giring. POSTAGE STAMPS

his COLLECTIONS Rad

SEEDS for

his GARDEN We eair supply the goods of his and your want

GRACA & CO.

Dealers in postage stampe und garden seeds etc. No. 10 Wyndhan Street. Establishes 1896 -

HONG KONG