1921-02-02 — Page 5

THE HONGKONG TELEGRAPH.

THE BLUE F NNEL LINE

REGULAR AND FAST FREIGHT AND

PASSENGER SERVICES.

LONDON SERVICE

'DEFCA'.10.**

TXIÐN **

MENTOR

TEIWESIAS

** MELENUS **

(Direct)

A

བྷཱ**'

1. Dan Kambarg

Cina kabwetp -law & Haahung

MA Antwerp Lan Lan, Asterim Hy

LIVERPOOL· ERVICE

**ANCHISES "

LYCAON **

(Direct or via Continental Ports?

5th Feb. 1.vegpod as it is gow 11th Pub Mursel & L. varional

KNIH TEMPLAR” 1PS Pub Ben a Havne ce Liverpaal THAN

1st Ma. Aigro Hack, 1954 & Glasgow PACIFIC SERVICE

la Kobe and Yokohaınað **PROTESILAUS" 12 Feb ** TEUCER **

17: Web. TALHIVBIL'S" 1th Man

Vistoria, Seattle, Tavanaand

Van enger

NEW YORK SERVICE

(viz Suez or Panama)

HOMEWARD PASSENGER SERVICE

5th Feb arteig..

**ANCHISES **

** MENTOR **

TEIRESIAS

**STENTOR'

IDOMENEUS

PYRRHUS

"ANCHISES"

** MENTOR **

**TEIRESIAS"

14

1st Mar &

Maria

12: Ano!

V MAR

21-5 June

6 day

19th July

For Freight and all Infinuation. Apply to

י.

BUTTERFIELD & SWIRE

AMENTS.

CONSIGNEES.

CONSIGNEES.

NOT!

TO CON-ICENSES.

NATWE TO VANSIIN EES.

INROE STEAMERS,

LIMITED

TOY KISEN KAISHA,

From UNITED KINGH

SATUNYO MARU

FromMAN BRAN TATO vis

JMAN PORTS, * MANILA.

Pama

COLOMBSTRAITS.

The Manarat ip

PLENAM: Y **

TH AMERY AY

WILL STEEL BE **STABILIZED " *

US Corporation and Inde

pendents as the Trade Sees Theth.

WEDNESDAY.

business anconamic conditions. generally, at ralizes that the pro- cass will require a considerablə period of time. Without general industrial activity, the iron and steel industry itself cannot ex- pect talo active.

Predictions are now being made The pratician that prices of in some quarters that practically independent steel manufacturers the whale af 1921 will be one of o Iwoni! recede

Stor relative stagnation in iron and Corporation level in the presont steel, that these will he of Paljustment. and the whale those of years" de aich the stel market would be stabulisal | steel industry has distinguished rejalised on that level, has itself meant illustresons being boen rapully Taling away states | 1984, 1968, 1911 and 1011. the Più birch correspondet ud Ti ø‘steel i dustry has getta the M VS Broa Pakishow whether peate tunes wil The new prohetion, which is affort fall employment to the gaining and may soon be the leapacity as increased by about eaumon prediction, is that in the 15 per cent. during pobrse of the te adjustment, which | Since 1916 there had not been full is laughs require many mouths joperatum, Bu darb W17 and 198 | instead of only a few, the interther

pen lents wall go considerably | transportation andson a shattige below the Steel Corporation priest of Labonon. In the fire part f 199 and the corporation will aslithere' was a shartag for fers. reduce its prices in time

Afterwards, in ïmm. hate success

were

wat.

railed

Tr. Souly argam ni in favoared Man, came the iran at listed strike the reliction that the stud jut September 22, 101, the coal

then the market wont ford its level at the strike and Steel Corporation or In lastria! | troubles Board schedule of prices was Justas rad transputation a n- that it was made so generally | ditions were becoming mo ferately sest peamers might come to satisfartare, a e suple months ago adoqot the warow and act on it by shortageplanders ootan to appoir plans or lies which wood with a few mills, and this sary at the market. That was een latin is rapidly spreading

argument. In the Otet undle it is no small mattert, area of a competitive marketing employment for than stell the natural e anelusion w call be in bistry, with its adjahrgut pe that the moel Corporation prate | Starlanan kona ing paparity, went to the sto prune of all at ¦ Tuerte

na calendar year which the in lepoalent Shoulderween Bruki and B in which well.

there

fall employment thaaghout the gear, an 1 in 16

was only about

PLIES AND PASTA, -As long as the in, le pen lents elfsure prizes higher than the Steel Corporation prive thy When they all

Wa

W

WHY INDEPENDENT STEEL PRDES ARE DECLINING SILOWAY. not eat a premium above the The same correspondent states Paleo price the market that it is difficult to determine when such condition that just how much resistance the they e ali nat qeter in that prion | in lepeulent steel profurers ate

FEBRUARY 192.

Arriving shortly 1921 Model Buick Cars.

Exile Garage Phone 1036.

UNITED MOTOR CO., LTD.

&& DES VEUX ROAD.

YOUR ATTENTION IS INVITED

TO

OUR LATEST NOVELTY

P

NON-CREASEABLE

AND

NECKWEAR

OUR LARGE ASSORTMENT

P

WOOLLEN WEAR.

THE SINCERE COMPANY, `LIMITED.

& CO., LTD.,

MAATSCHAPPIJ.

The name would be what thefacing to the declining pendency W. S. BAILEY VEREENIGDE NEDERLANDSCHE SCHEEPVAART

remonly calls a prize to in prices caused by the Homens Each compone de Jamani. There is so Rattle the woodi endeavour to ir gairy that hat much opp vtunity the lam vant ly which her has afforded for rempititio. Thete A have to shade the protei ha leet a fresh run of em- sellations of contracts for rinishi steel products and of instructions to postp de ansa-pen! shipment.

are the busines As bad as a vets remain at sap wynt level th

in will be ypate in

| enz. potponements being ranta. its prizes, funt to cancellations if contin-

it have unvasion in the wet long etrough. T.: mills

near futur ·

e los palassosan medion an much more inter- anto ant of gonapotitive conuditions, estar in på resting contract bus- The independents would reaches onhooks than in en leavuore the point of having empty cadering to sarare fresh business, for Books Long befor the Strel Prune carting siaply furnishes the PORTS VA SAN FRANCISCO | Corporation's order books fulle! Custom an additional incentive

HONOLULU & JAPAN

to pro lure an economical rate of for cancelling contraria or post-

geration. The gorporation has | puning shipment. mainmined as prices amainsa ulv- Sur More Name 15teaner hav. ancy in the past year, when the securing the independents

PARTS.

having arrived inen ton shor potatis. Unsignees ad cane by her are lining tabour! that all goods are at lan bat sle risk to the bazariuss an ine 19th Jan, 1921, e memes of | higher prices, on the crown! that extra hazardous G-downs of the "argo are hereda sotitled to press phoes afforded satisfactory Hongkong, and Kowbon Marijsent their bills of Laling Br pr the but that was the position and Guinan Co. bis, when fanterignature, and take im. and or from the wharves, delitery tuny de ut tained.

God delgated by the 4th February 1921 at 5 p.m. will le subject to rent

"Alltrøken, ebafert and damaged packages are to be left in the Godowns where they will be examed by Messre. The land c Douglas, on 4th 'February, 19th. at 10a.m. Cizims against the steamer must be presentaji within 30 days of arrival otherwise thus will not be recogmad.

No Fire Insugance effected by whatever.

any

mediate delivers in alongsite | steamer of the fumpany's lib- down, where with cargo impeding imm- late discharge will be land. ed at eats she's nek

KATA

bakure the heavy freight advances ocburied August 25.

Decreasing enist woul 1. lave to equalice the increbre due to the freight advances before a real new would be presented for the corporation lowering its general | schedule of prices en sora and of If the readjust reduced casts, Feb..ment in industry generally peer

as far as it is now expected is will, I the Steel Corporation's casts will

Storage will be assessed on remaining undeliveret after Monday the 7th

vel.

The majority of inscpendents name 3 cunts & pound thole peles for bare lanes, and les, and no prives below that Haure are being quoted openly or cenerally except perhaps by two 2: three Western wills. Even

sheets, in which there was a sondily and ripills leslaning market for several werke, there has been little, if any, decline in the pustable market.in the past week,

ENGINEERS & SHIP- BUILDERS, HOK UN

KOWLOON.

HARBOUR FEPAIRS Call Flag "L"

Sule Agents for "KELVIN MOTORS." Motors from RB.H.P. to Bo B.I.E now in stock also spare paria.

(United Netherlands Navigation Company)

HOLLAND-00ST AZIĘ LIJN

(Holland East Asia Line)

(Mendlers of the Straits, Cena an 1 Japan Conferences.)

Regular monthly scre ce between Japan poris. Shanghai, Hongkong and Manila

Amsterdam, Rotterdam, and Hamburg, Bremen

and

Tel.

Ka 5.300

K862. 2.28.

Steamers

AMELAND ALDERAMIN TJIMANDEK

Loading

February March

For

BOERUE

April : May

Sailing Rotterdam Hamburg: 21s: Feb. Am-terdam & Hamburg | 21st Mar Hotterdam & Hamburg 21st April. Rotterdam & Hamburg 215: May.

Works Maneger Secretary Harbour Businest Telegrams SZYBOURNE."

building that, by demons of the steek itself,,

The steel in. Eustry does, how- One thing hasdeen mute also- ever, fed at at the later of the lately ceas-that the independe | various wade advantes it has ents have no disposition to uke made Were in full equalization of a «sunt at the Steel Corporation a very high living cost, and that,

For full particulats please apply to

JAVA CHINA JAPAN LYN

General Agents,

York Building.

prices en lang that when the meal | 2. the being cost, comes down, as KONINKLYKE PAKETVAART MAATSCHAPPIJ.

All looken, chafed and damaged

19me down, but many manthu will

decline occurs the Cation

be required for the procesa,

The prediction, common paly a very few weeks ago, that fresh buying movement in pic in and steel products, with a stiffen-

t is fully expected it will some price will book no better than ang corresponding readjustments may thor price for making a be made downward. For several stand.

(Royal Packet Navigation Co. of Batavia)

THE STEAMSHIP:

pack born wit be fan led into the Company's (i «lowns, where same

weeks there have been persistent will be examined on Wednesday the 9th Pên, 1901, at 11 a..

STEEL WORKERS' WAGES, rumors that reductions in wage Wax reductions in the iron

rates in the Connellsville coke In a No Claims will be recognised in market, would occur by ng

region were contemplated. and steel industry in the contes April. ha- been practically will be after the quals have lett the

The chance in view

of Dirne, Maugh not in the very few quarters predictions are now abandoned. case steamer or tiodown, and none

occurs not so much froro whatja near forinn, are by n mens being male has within three of will be entertained if presented

same writer wide, our months slight reductions will attitude at The Emeral lets, than

thebe made in wage rates at blast toree weeks after seen within the iron and spitit possible,

market a from what i see on

furnaces and in sted milis. camtavlak od speakers

the outside. The iron and steal Present time is that inflated wage

One of the large independent ingating the industr stood in a class by itself tates are in having such angentur, avtoindustry mate by way of their steel producers in Osio has pa songeta. be operating fairly well when making the cost of employment addressed other industries were languishing ualization unreasonably high employees that eventually waze than by way of making the cost reductions will be necessary, but very positively that no LESSONS FROM OUTSIDE." of production unreasonable. In states When the industry looks to the the building trades, in particular, reductions will be proposed until outside, and sees how drastic ait le felt that buyers are deterred the cost of living has come down readjustment is being forced inmore by the high wage cost of correspondingly.

Bills of Lading wild be counter- signed by

JARDINE. MATHESON,

& CO. LTD

Agents.

Hongkong, 25th January. 1941.

No Fire Insurance whatever will be adfeste A.

Y. TSUTSUMI

Maneger.

Hongkong. Buth January, 1991.

FRECKLES AND HIS FRIENDS

ITLL SOON 25

WE WONT HAFTA

Y GOT SCHOOL FOR

TWO WHOLE

WEEKS.

#

Statement

A Near-Sighted Teacher Gave the Kids An Advantage!

HMN YOUR COPY BOOKL

LOCKS BETTER "TUS MONTH -

YOU WRITE 4 NCE

MEAT HAND, FRECKLES',

WHY! HERE'S A

BIG BLOT ON YOUR.

CODY BOOK!

WHERE

10

"VAN CLOON"

will be despatched to

Singapore and Belawan Deli.

Itas vesszi offers excellent cabio-arcomtardation for saloon

Wireless Telegraphy.

For freight and passage apply to:

Telephone No. 1574,

JAVA-CHINA-JAPAN LYN,

BY BLOSSER.

The 4de to me

fis red, tha spoke to me (

Elorida

they red

kit is rad

epits to my

OH —“TUẤTS" ONLY A PERIOD-OUR TEACHER THIS YEAR -15* AWFUL NEAR

SIGHTED, DOP!

Agents.

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