At the corner of Nanking and Szechuen Roads, is devoted to Man and his Clothes, and continues to grow in popularity month by month, and has again passed through a successful year.
Tailoring Section The foreign tailoring section has continued in popularity; the amount of business has increased month by month and it is now one of the most popular departments of the main store.
Future Outlook Woolworths 200 Shee Ff. Inv. Trust Iam not going to attempt to predict the future prospects of the company, but I can assure you that your company will be in a sound position to weather any business depression, however severe, and I look to the future with every confidence.
That, gentlemen, is all that I have to say on the general position and details of affairs of the company but if any of you would like to have any further information I shall be very pleased to give the information desired.
Captain Tippin: I note with very great pleasure that you have set aside an amount for commission and 18/8 bonus for the management and staff. 25/- That is correct, is it not?
The chairman: That is correct.
Captain Tippin: Well, I think it very delightful to know that you have done so.
The chairman: Yes, they will be dealt with very comfortably and very nicely.
Captain Tippin: Iam very pleased to hear that. der a heavy inflow of domestic and export orders, while aircrafts responded to the Dow-Jones report that current backlogs stand at $865.- 000,000. During the first hour of trading Tuesday, the Belgian surrender caused heavy selling, but subsequent encouraging Allied reports resulted in a resumption of buying bringing recoveries from fractions to more than four points. A broad rally in light dealings was witnessed Wednesday, with traders. apparently convinced that the U. S. armament programme will sustain business regardless of the developments in the European war. Observers were favourably impressed with the market's action on the-eve of a holiday and many suggested that much of the bad news has already been discounted. All American markets remained closed Thur: v observance of Memorial Day.
Commodity prices, as measured by the Dow-Jones 11 Commodity Index, modestly improved. Wheat futures at Chicago moved higher but demand was only moderate as the recent heavy mill covering has apparently been ample and traders felt the continuation of support from that source improbable. There is comment on the good technical position of the market, inflation and rust infestation on the one hand, favourable crop news, expectation of higher private estimates and the approaching new crop hedge on the other. With country offerings still Tight, corn prices firmed up. Cotton futures rebounded quickly after early sales amounting to 30,000 bales of October and December on disturbing European news Tuesday. The sales were- attributed party to transferring of foreign hedges to the New York market, further British import restrictions and fixed prices discouraging outside buying. The prospective loan, according to Worth Street observers may provide an element of safety around 8 cents for distant options. Rubber futures responded easily to scattered buying despite reduced tire - prices and dealer hedge selling. Offers were Aggressive buying of hide futures is still conspicuous by its absence. Rallies failed to attract a following. Sugar ruled firm with sellers scarce while cocoa prices advanced on the British decision to destroy the mid-crop.
United States Steel operations are indicated at 5 to 6 per cent. above the industry's current rate of 80 per cent. of capacity, with the "Iron Age" forecasting that this month's steel production will approach the 1939 Autumn peak reflecting the sharp Increase in exports and heavy domes tic consumption together with for ward buying. Car loadings are cur rently estimated at 685,000 cars, the highest recorded this year. New York Central has reported a car loading increase for the seventh consecutive week, while loadings for the Pennsylvania line are the biggest since December,9. Scrap copper prices have been advanced 1% to 9.75 cents and it was stated that France is buying $20,000,000 worth of the red metal. The Government is planning to increase the debt limit by $3,000,000 and to raise between $600,000,000 and $700,000,000 by a flat increase in practically all Federal levies.
Tur Marker iN Ficvurs D.-J. Average
Text read from the printed page and cleaned; old type leaves the occasional error.