1937-12-22 — Page 7

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Quality Cleaning

NY cleaning will make clothes look better- for

ANY

makes really good cleaning-

like ZORIC Odourless Drycleaning to bring back the original lustre to fine fabrics, and to make spotted garments look like new,

THE STEAM LAUNDRY CO.

Head Office & Works Tel. 37032. Hong Kong Depot Kowloon Depot

Tel. 58906. Peak Depot

Hotels (Visitors only)

•

Tel. 21270. Tel. 29352.

CONFENRISTITI MONTEZUMATÇIns;

The nasty flat taste

on waking in the morning is due to an exces- sive development of bacteria in the mouth during sleep. The infallible antidote is rinsing the mouth with Odol retiring to rest

THE HONGKONG

TELEGRAPH.

Statement On Silver Policy Anticipated

America Waiting For Roosevelt Speech

London, Dec. 21, President Roosevelt's engerly awaited statement regarding (10 United States domestic silver price, 11 is now thought by market circles, will be made on December 30 instead of December 23.

WEDNESDAY,

an ounce for forelim aliver, there would probably be a rush for bear covering with an ensuing sharp rise in price, though the advance would bo limited by the fact that Mexican silver will be offered in London when the prico in over 203. un ounce.—Neufcr.

SILVER MARKETS

Offerings Small In London Session COVERING BY BEARS

London, Dec, 20.

"spot" Silver-America bought

bears covered "forward.

ward." whilo

Market stendy. Offerings small. After the oficial fixing, the 'market was quiet but steady, with prices unchanged. Small business with bears covering and speculators buying, but sollera wero reserved.

Forward

Apart from the paramount question of the maintenance of 43 cents an ounce for foreign silver, Mr. Roosevelt muy indicate whether he is prepared to renew the expiring agreements with Mexico and other American Spot producers under which the United States absorb the bulk of their pro- duction. In this connection the market considera na significant the recent talk between the Mexican Finance Minister and Mr. Morgen- thau, Treasury Secretary.

It is realised that discontinuance of the Mexicon agreement would be disastrous for silver, which effect Mr. Roosevelt Is hardly likely to bring

about in view of the con sequent drop in value of American holdings. On the other hand the United States Government may use the expiry agreement as a bargoining | weapon to induce Mexico to adopt ä more reasonable attitude with foreign oil producers. A feeling of nervous- ness was reflected in como Mexican bear sales last week.

Market Optimistic

The present nervousness is caused by the realisation that the recent price will not hold for long, but the upward adjustment indicates that the market on the whole takes u more optimistic view of the altuntion.

Last Price To-day's Price 19.10/10. 19. 18.5/101. 10.9/10.

liauter.

Decline in Spot Price

London, Dec. 21. London silver prices to-day were down for "Spol" and unchanged for "Forward," na follows:

.

Spol Forward

Dec. 20 Dec. 21.

19

187%

10% 182 Our Own Correspondent,

Bombay Allver

Bombay, Dec. 20.

Market!--Steady. Offtake: -150 bars,

To-day's Dec. 18. Quotations

Indian Mint Bilver:

Ready Dec. 28 Beltiament 4101 Jan. 20 Bettlement 47.02

47.01 40.15 47,03 46.15 47,03 47.00

47.04 outer.

Unofficial Quotations

Bombay, Dec. 21.

To-day's

Last Price

Prito

47.03

47.03

Indian Mint:

Heady

Dec. 28

Jan. 20 ............ 41,04 Markot:--Stendy--Rexter,

Indian Imports

40.01

10.01

49.02

Bombay, Dec, 20. Import of silver Into Bombay dur- ing the week ending December 18, totalled 50,453 rupees, compared with 129,275 rupecs during the previous

It is pointed out that the techalcal position has much improved the bull interest and it is now estimated that only 3,000,000 ounces are bigger than that of the bear, as compared with 30,000,000 ounces previously. Also the bull position is held in very week-Reuter, strong hands whereas the bear con- sists of numerous small continental and other sales.

Some bears are now covering, but December

March should Mr. Roosevelt decide to re- May new the agreements and pay 45 cents

Montreal Futures

Montreal, Dec, 20. Dec. 10. Dec. 20. 41.451

41.803 40.00b/42.403 40.056/42.20л

Hanter,

40.50b/45.90a 40.000/40.750

SALE

NOW ON

THE SHUI HING CO.

THE CENTRE OF CHRISTMAS GIFTS

187-195 DES VOEUX ROAD CENTRAL ·

YOUR CHRISTMAS SHOPPING WILL BE MADE EASIER BY A VISIT TO OUR STORE

HUNDREDS OF SUGGESTIONS

TOYS

FOR YOUR XMAS NEEDS

DECEMBER 22,

1937.

He dared not

tell his

Wonder why they've hired that new man? There's no work for him unless they get rid of somebody...

MRS. CLARKSON HAD BEEN

NOTICING HOW HER HUSBAND WOKE TIRED EVERY MORNING- IT WORRIED HER... SHE DECIDED TO SEE

A DOCTOR

wife!

Amunks:

IT'S BOUND TO

BE ME THEY (SACK! I'VE BEEN SO TIRED LATELY

AT THE DOCTOR'S

You see, doctor,

my husband even wakes tired

Oh Mr. Clarkson! I want you to incet Mr. Francis. He'll be working

with you in this department.

That shows where the trouble is. You see, breathing and heart actions bum up energy even while we sleep. Unless he replaces energy during sleep, of course he wakes tired- Night Starved, in fact.

Put your husband on to Horlicks

TWO MONTHS LATER Congratulations! Mr. Clarkson

we're making you head of our new department. Your work has been splendid lately

Darling all to you!

I owe it

I JUST CAN'T AFFORD TO LOSE MY JOB - I'm still paying for the house and

furniture/

and so Horlicks every night

Does your Insband

unke tired 7:

Wrain-power and efficiency, he can't

WVJAKING TIRED reduces a man's

do his best work ---- it makes him feel un- certala! Remember a cupful of Horlicks last thing at night casures the right kind of sleep-gives a man vítality and energy all day.

HORLICKS guards against Night Starvation.

ROMBON TUXEDO

INSPECTIONCORDIALLY INVITED (SHOPPING. HOURS TO-DAY:—8 A.M. TO 10 P.M.)

Ronson TWENTYCASE

What Would Christmas Be Without A Stocking?

Give HER something she

would not buy for herself:

.

Two or three pairs of good

hosiery

the

kind she will appreciate.

AND one of the new

silver cuff bracelets, the present vogue.

It takes only a minute of your time to 'phono Gordon's -- who will do the rest.

GORDON'S

OF COURSE !

WHEN AT HOME

THE HONGKONG TELEGRAPH

MAY

BE PURCHASED AT

SELFRIDGE'S