Sole Agents:-
The Caravan.
ARCADE, PENINSULA HOTEL,
FETTE PEKING RUGS
CENTRAL SEE THEATRE HEAR
SHOWING TO-DAY
At 2.30, 5.10, 7.15 & 9.20 p.m.
A UNIVERSAL SUPER - PRODUCTION
She Toyed With Two Strong Men
-and made them love it!
"You Know
How "Tis"
The great outdoor taiking
drama to date!
The story of Candian beauty snow-hound in a fiery French- lovely rabin with
fighting
min
twn
LUPE VELEZ
TheSTORM
with Paul Cavanagh and
William Wyler.
NEXT CHANGE
ANOTHER UNIVERSAL PRODUCTION.
"BAD SISTER"
featuring
CONRAD NAGEL, SIDNEY FOX, HUMPHREY BOGART, ZASU PITTS,
SLIM SUMMERVILLE
Directed by
HOBERT HENLEY.
BOOK AT THE THEATRE, 'PHONE 25720.
IF YOU ARE TOO BUSY TO WRITE HOME — DON'T
Just Post a Copy of the
Overland China Mail.
which gives all the News there IS.-
Both Local and Coastal
Frinted and published for the Propriators. The Newspaper Enterprise Limited, by DAVID CHRISTIAN Wison, Business Manager, ai
Wyndham Street, Hong Kon
The
China Mail.
ESTABLISHED 1845.
HONG KONG, WEDNESDAY, AUGUST 19, 1931.
MR. M. NORMAN'S
HEALTH TRIP
CAUSES WALL STREET TO FLUTTER AND SURMISE
A CHICAGO SUGGESTION SAVE INTEREST CHARGES AND LIGHTEN BRITISH BUDGET
Wall Street is agog over Mr. Montagu. Norman's health trip to Canada. It is now said that he has New York as his ultimate object, The Chicago Daily News suggests that the Governor of the Bank of England is out to try to re-imburse the short-term (Franco- Ameican) lean and convert five per cent. War Loan on a' four per cent. basis.
Chicago. Yesterday.
Financial circles do not doubt The suggestion, that Mr. he will find time to confer with Montagu Norman's health trip officials of the Federal Reserve ha's New York as its ultimate Bank. Some even predict a con- destination and that he hopes. to ference which may signalise a turri the present Franco-Ameri- can three months' bank credit, of £48,000,000 into a purely Ameri- can crédit for the same amount but for a longer period, is put forward in the Chicago, Daily News copyright telegrams from London and from Basle.
The Chicago Daily News cor- respondents are of the opinion that the "Bank of England will obviously be unable to repay the recent short-term Franco-Ameri- can credit without endangering the stability of the £, and Mc. Norman's object is to reimburse the short-term loan and convert the Five Per cent. War Loun on a four per cent. basis, thus saving interest charg and tightening the British Budget."
circles
Wall Street banking profess complete ignorance of any such move, and officials of the Federal Reserve Bank refuse to make any comment. American Service.
Chicago's Report Unconfirmed.
London, Yesterday.
Reuter's
Mr. Montagu Norman.
change of strategy by the Cen-
NO OUTSTANDIG FEATURES.
Tone of Share Market
Again Steady....
་
THIS MORNING'S BUSINESS.
The official summary issued by the Stock Exchange this morning states:-
The tone of the market this morning was again steady, with no outstanding features,
Banks were a nominal quotation of $2,040.
Bank of East Asia shares ad- vanced to a buying rate of $185, but met with no response.
Untons were done at $560, with further sellers at the figure.
Underwriters were in demand at $6.10, which did not lend to busi
·Пе88...
It is rumoured that the Feder-,a
Steamboats were again wanted, but the rate of $28 did not lead to sales.
Waterboats changed hands nt $28%, with buyers prevailing.
Providents (old) had sellers at $6.15; buyers offered $6.05, but nothing eventuated.
FLETCHER'S
BATH EAU de COLOGNE Delightfully refreshing and invigorating
during the hot weather. MAGNUM BOTTLES
$2.50.
THE PHARMACY,
Queen's Road C.
Asiatic Ruliding,
Tel. 203-45.
AMISEMENTS
AT THE
FINAL SHOWINGS
TO-DAY
QUEEN'S At 2.30, 5.10, 7.15 & 9.20.
The Most Significant Motion Picture
Ever to Come to the
Talking Screen
JOSEPH MA SCHENCK
DWGRIFFITH'S ABRAHAM LINCOLN
There were sellers of Hotela (old) at $17.40, with the new ahare In the same category at $17, but: there were no deals in either.
Lands showed a slight decline. Sales were reported at $90 and $90, sellers asking, $904, but buyers would not offer higher than $90.
Humphreys (old) advanced some- what, and with sales transacted at $22.10, there were still buyers at $224.
Réalties had buyers
at $17,26,
but there were no sales through.
put
Ewos were done at $15.25 and $15.30, but there were still buyera at $15:20.
Trams were negotiated at $22, and at the end buyers wanted shares at $21.
Star Ferries reported anlea at $94, with buyers unsatisfied at this quotation.
China Lights were the medium of sales ut $27, with buyers still in the market at this rate.
Telephones (part paid), were again done at yesterday's quotu tion-33% buyers prevailing at the close.
Inquiries by Reuter have elicit- ed no confirmation of the Chicago Daily News's report. Official tral Banks. quarters in the Treasury and at Downing Street state that they know nothing about it-Reuter,
New York, Yesterday. bills whose underlying commer-ed at $20 without leading to busi- Wall Street is agog over the cial security is deemed inade-ness. voyage of Mr. Montagu Norman quate.--Reuter's American Ser- to Canada.
Canton Ices further advanced to buying. quotation of $84, at al Reserve Bank contemplates a which sales were reported.
Cements (combined) were want- ruling to prevent the creation of
ILLICIT DRUG TRAFFIC.
British Government's Report for 1930.
LITTLE DIMINUTION.
London; Yesterday.
vite.
Dairy Farms were done at $32. 48 were Watsons at $16.40 and $16.50, but buyers at the latter figure had to remain unsatisfied..
Lane, Crawfords (old) had buy- ere offering $7%, but there was nothing to record..
Constructions had sellers at $13 without changing hands.
THOUSAND MILE
FLIGHT.
Almost Forced
mous demand for drugs for cit traffic, the report says, an enquiry was recently received from Japan by firms in London for the shipment of 1,400 kilo- grammes of heroin to Shanghai. Difficulties in Case of China. As regards China, attention is drawn to the difficulty experienc- ed regarding applications for per- mission to export drugs for medi- Reports of seizures of drugs cinal purposes, because as far as from British Dominions (parti-it has been ascertained the recent cularly India) and Colonies, the Chinese law, under which import United States, Egypt and other certificates must be issued by the countries show that there was Ministry of the Interior after little, if any, diminution in the consultation with the Opium Sup- illicit drug traffic generally in pression Committee, have not 1980, and that illicit traffic in been put into effective operation. cocaine from the Far East con- It says the work of the Home tinues to give concern, according Office in dealing with exports of to the British Government's re- Druge to China will be greatly made a port to the League of Nations on facilitated by a definite state Godthaab from the traffic of opium and other ment by the Chinese Government He had the utmost difficulty In dangerous drugs in 1980.
of an authorised procedure for keeping his machine In the air the issue of import. licences, owing to ice forming on the 'wings.
Enormous Demand.
As an illustration, the enor-Reuter. A
PILLS
YARE
B
A
BAYER
J
Down.
ICE ON WINGS.
Copenhagen, Yesterday, Gronau, the German aviator, 1,000 mile Aight to Scoresby Sound.
-Reuter.
VATREN'105
is both a protective and curative agent in in- testinal diseases such as amoebic and ba- cillary dysentery etc.
WITH
WALTER
HUSTON UNA MERKEL
UNITED ARTISTS PKTURE
A titanic spectacle mirror- ing the adventurous career of a great master of men. No picture made in the last ten years can compare with
this vital romance.
ADAPTED ON THE IGREEN BY
STEPHEN VINCENT BENET
·CTARY & PRODUCTION ADVISER
JOHN W CONSIDINE, JR.
SPECIAL ADDED ATTRACTION
LOCAL
SPORTS NEWS
All talking
Fox Movietone
TO - MORROW
CRAZY
THAT WAY
William Fox presente
A blonde beauty and
her brigade of lovers
war on convention and each other in a delight
ful comedy of fiancees
and foibles
with
JOAN BENNETT
KENNETH MacKENNA
Directed by HAMILTON McPADDEN
WITH THE SAME PROGRAMME
STAN LAUREL OLIVER HARDY in" Brats."