—Canton's Trouble Hongkong, July 3.
As a result of the Jápanese occupa-
Colony or po nail as migrate hongkong eto ital of Hk$200,000 partly sub-by overseas Chinese and is the first of its kind to function in the Colony.
Equipped with the most. up-to-date seven inches. Additional machinery has been ordered to manufacture tracks and other types of nails. are imported from Britain and France and other European countries, but the factory at present is manufacturing only for local consumption.
The average output since its open. ing has been about five tons a day. The concern employs between 50 and 60 workmen, most of them having been formerly employed by the Canton Nail Factory.
Plans for extension have already been completed, Mr. S. Man, the American trained Chinese Managing Director, saying that circumstances lready warrant expansion.—United Bourse Suffers From Int, Tension Paris, July 2.
Favourable tendencies on the Bourse prior to the present international tension. could not persist in the face of signs of aggravation, especially of the Danzig situation, and lowest quotations during the past week neared the lowest quotations of the year. Bourse quarters took stock of the speeches made by Premier Edouard Daladier, Mr. Winston Churchill and Lord Halifax, and of Reports from Danzig, and could not but compare the situation to those prevailing in former times on the eves of violent coups.
Final quotations on Friday reflected this grave anxiety and the lowest levels plumbed by stocks were not far short of the lowest attained since the beginning of this year.
Rentes and most French stocks lost as much as four and five per cent. International shares also paid heavy tribute to unfavourable international prospects.
Adding ío the pessimism on the market was the U.S. Senate's refusal do renew President—Roosevelt's financial and monetary powers.
"The Washington crisis provoked serious inguietude on the world's silver market and especially in China and in the chief silver-producing countries, Canada and Mexico.
The Bank of Mexico even ceased all exchange transactions. And the Senate's actions, together with their repercussions, were believed to be among the most serious ever to hit the policy that aims to revalorise silver.
It was reported that the U.S. Senate would again discuss monetary projects on Wednesday and would then study anew the problem of Presidential powers.
But nevertheless, Bourse quarters Stated that whatever might be the result of the Roosevelt-Senate battle, the death knell of silver as a monetary metal has been sounded.
Despite all the agitation and speculation among Bourse operators, ihe US. dollar closed firm at the end of the week. The pound sterling recorded slight progress.—Havas.
Text read from the printed page and cleaned; old type leaves the occasional error.