Weaker Tone On Wall Street
(Continued from Puge 6)
"The Alaska Juneau. Gold Min-
ing Co. for the past seven months Steel M production for the show a profit, before dedueting week was 24.8 per cent of capa- charges, of $1,395,000 against city.
$723,000 for the corresponding
"Business failures for the last period of last year.
week amounted to 220, compared "Annalyst Index of Business with 352 for the corresponding activity: 97.8. week in last year."-Router.
Night Telegram
The following telegrams from New York. cabled Reuter, were received during the Night:-
"General Motors have declared a regular dividend, plus 50 cents extra.
11.00 p.m.:-
"New York: Stock: The market eased on an in
Favourable factors before the creasing volume of uncertainties, opening of the market.
which were multiplied and, hot re
Steel operation. In Youngstown lieved by the President's latest are estimated at 37% of capacity, speech.
is a
a gain of 2 points. It is reported "Cotton: The Continent that London brokerage houses are small, buyer, absorbing Southern. advising the purchase of American fand scattered realizing.
stocks.
Unfavourable factors were:-
Itone is fairly steady.
The
The dry weather in the West continues."-
Trackers, seemingly, Are less Router.
hopeful and the outlook remaina uncertain.
Latest Quotations
Renewed selling has appeared been received through Messrs. S. E The following quotations have with railroad issues again under:
Levy and Company and the Ameri- pressure and, with sentiment un- settled. some quarters are inclin-can Oriental Finance Corpora
ed to expect a test of the recent low levels.
tion:
ī
The publication of the steel fo- stitute in estimating mill activity |N.Y./London
Cross-Rate
New York, Yesterday,
Last To-day's
for the previous week at 26.5% of NY. Cotton--Dec. capacity, a drop of three points.
NY. Silver-Sept. says that there is a strong senti Dee. ment underneath and that goma N.. Rubber-Dec. improvement in buying may de-Chic Wheat--Dec.
velop within thirty days.
«lose cloKe
5.04% 5.04%
13.18" 13.21
47.30 47.40
47.52 47.83
16.50 15.85
Chic Corn-Dec.
106%
75
110
77%
N.Y. Silver (Business
474
474
The following message was re- dene price)........ 47% ceived during the night by Messrs. San Fran. Silver (Busi.
ness done price) 47%
(Dow Jones Avg)
Last To-day's Aves. Aves. Change
S. E. Levy from their Chicago Correspondent, Messrs. James E. Bennett & Co.
Wheat prices look higher. Rus-30 Industriale 88.43 88.11 0.32 off sian crop prospects have deterior 20 Rails
34.22 33.01 0.31 off ated.
20. Utilities 20.07 19.04 0.13 off 40 Bonds 93.88 0.72 0.36 off
Rail Profits Decline
The following cables were ceived from Messrs. White, Weld
60.28 62.0 1.75 up 18 LEADING STOCKS
re
11 Comunity
Index
Amer Cun
& Co.. New York Correspondents
for Messrs. S. E. Lety:
The decline in the gross profits Amer Smelting & Ref
of railroads is greater,
than sea-
Amer Tel & Tel sonal, owing to increasel Inbour J. 1. Case
Auburn
costs due to the restoration of pay Du Pont cuts and the new Pension Law. Elec Bond & Share
Some recovery in
the market General Motors
int Tel & Tel
this month is expected. However. McIntyre Porcupine unless President Roosevelt reas-Montgomery Ward
community Nut Distillers
Burea
business
the shortly, the decline may go
ther.
The feeling grows good of chance of an extra dividend General Motors.
JN.Y, Central
furi
¡Sneony-Vacuum
Union Pacific
the United Aircraft
by US. Steel
Private experts reports that thei corn crop outlook is getting stead-) ily poorer. Heavy profit-taking!
waa
easily
absorbed.
prices are indicated.
ότι
Higher
the
E. A. Pierce Co's Report In their market report. American Oriental Finance Cor paration, correspondents for Mesars, E. A. Pierce and Company, New York, state:
"Stocks:The strength of metal; Blocks, based
rumours of aggressive silver purchasing by the Government, rescued_the_mar: ket; however, there is no definite trend and sentiment, generally, is indifferent and of a mixed natura Speculation seems rapidly to be appearing in the direction of the grain markete.
"Wheat:-The strength of the market was due to unfavourable weather, unfavourable crop deve- lopments and strong Rotterdam and Buenos Aires markets. Profit -taking was well absorbed. The highest prices for over a year were Been and the market closed strong. A forecast of the weather in Cauada indicates fair and warmer conditions to-day and on Tuesday. Foreign traders are concerned over the North-American crop. There was some buying through a House with foreign connexiona.
Westinghouse E & M
Business done:-780,000 shares.
THE CHINA MAIL, TUESDAY, AUGUST 7, 1934.
Chinese students receiving instruction.
SHANGHAI
HANKOW
Lieut. Col. Frank Al Hawks "shows how",
Kity 5200
Since 1931, when free lance flyers like Robert Short and Bert Hall fought Japanese planes over Shanghal, the Chinese air strength has increased from 40 to over 300 modern corabat and bombing planes. Major Jimmy Doolittle and Lieut. Col. Frank Hawks, American speed ares, have been in China for months demonstrating the prowess of the intest American models, meanwhile incurring Japanese hostility at their successful salesmanship. At Hankow is located the largest alrüeld and training school in Asia, equipped with hangars, shops and dormitories,
GENERAL MOTORS DIVIDEND
(Continued from Page 9).
EXTRA DIVIDEND DECLARED. SPECIAL TO CHINA MAIL. (Bu Telegraph, Copyright, Telegra phic Messages Ordinance, 1894. Re 1084ceived August 7, 10.42 am)
New York, Later.
Clase
93
34
19
37
847%
27
9
49%
ment of 25 cents.
21
1824
BATHER ROBBED AT CASTLE PEAK
Car Rifled And Then Locked Up Again,
EUROPEAN VICTIMISED
SCATHING ATTACK ON U. S. BANKERS
UNMUZZLED DOG ON FORGERY GANG
PRIVATE PROPERTY
Child Bitten On House
Stairway.
EUROPEAN DISCHARGED
Mr. Komor, of No. 18 Hillwood
BROKEN UP
Counterfeit Ten Cent
Coins In Colony,
CLEVER POLICE WORK
The story of how a gang of
Road, was charged before Mr. J. forgers, attempting to utter coun- B. H. Lee at the Kowloon Magisterfeit coins in the Colony, were tracy this morning for allowing frustrated, was related at the Cen- his dog to wander unmuzzled on tral Magistracy this morning before the staircase of his flat.
Mr. Q. A. A. Macfadyen, when two Inspector Shaftain stated that Chinese, Lai Yee and. The Yiu, were at 7am. on July 7 the amah was charged with being in possession of taking the dog downstairs on a 550 counterfeit Hong Kong 10 cent lead when it bit a small child, who piece coins, and with aiding and was playing on the stairs. He also jabetting, respectively. added that the staircase is a pri- Detective-Sergeant Hemeley, in vate place aud a dog is allowed to outlining the caso, said that Lai Yee, be unmuzzled in private places, a street guide coolle at the Canton Road was given 20 cents for each roll of counterfeit coins he brought Arriving on
The cage was dismissed.
+
EUROPEAN WOMAN FINED For keeping three dogs without into the Colony, licenses at No. 68 Ngau Sze Wan Saturday morning from Canton by Street, Mrs. F. La Fleur was fined the 8.8. Tung On, Lal was arrested $15 ($5 each).
in Des Voeux Road Central, near Ice Mrs. J. J. Richards, of No. 44 House Street, with the forged coins Bute Street, was fined $6 for in his possession, by two Chinese keeping a dog without a license. detectives. When taken to the
'. AMAH BITTEN - Mo Siu, an amah, was admitted were given him by Tse Ylu, who station, accused said that the coins to the Government Civil Hospita) told him to meet him at a ten-house yesterday for treatment, after in, Wanchal on the same day. Later having been bitten by a dog, bean in the day accused led the police longing to Mrs. Chan, of No. 138 to the Ko Shing Tea House, where Jaffe Road. The dog has since Tse was arrested. been sent to Kennedy Town for observation.
NINE CHINESE BOUND OVER Unlawful Assembly In Queen's Road.
Ma Li, a conductor of the Hong Kong Tramway, of No. 5
Canal Road, gave evidence to the facts that Tae went to his house and at- tempted to sell him some of the counterfeit coins at a lower rate.
Sentences of six months' hard labour were imposed on each of the defendants,
The nine Chinese, who were worker, and Chan Yun-cha, were charged with being in possession of charged with being in possession of (Continued from Page 9.) It states
weapons for an unlawful purpose, 11 hammers and files for an unlaw- that bankers ignored and for unlawful assembly bad debt records and bad moral Queen's Road, East, last
inful purpose. Leung Hon, and, Lau risks and did not check informa- night, were bound over in the sum charged with unlawful assembly at Friday Wing, sandal-wood workers were tion. It criticises the so-called preferred lists, following which of 350 to be of good behaviour for the Tak Ming tea house, while Mak a period of six months, by Mr. E. Wai, Li Yung, Chan Wing, Chan tracy this morning. W. Hamilton at the Central Magis-Chan, a lorry driver, and Wong Hung, also a lorry driver, are also The men were: Chan So, a rattan facing the same charge.
prices
And
General Motors Corporation has declared an extra dividend of 50
were skyrocketed A wrist watch and $50 in stocks unloaded on the public.--- cents on common shares in addi- money was stolen from a motor United Press. per S. E. Levy and tion to the regular quarterly pay-car belonging to Mr. Donald A. Company.
Corlett. Assistant Manager of
The President, Mr. Sloan, said the States Steamship Company,
20 that the company's financial posi-while he was bathing at 14-mile 13tion justified the extra dividend beach on the Castle Peak Road
which will total U.S.$20,000,000 yesterday afternoon.
95
33
2
15 and should stimulate business.
United Press, per S. E. Levy and 'Company.
LATEST QUOTATIONS
New York, Yesterday.
The following quotations have been received by Messrs. S. E. Levy and Co.. & the A.O.F.C.
August 4.
Closing
Opening
New York Cotton:
October
August 6.
Closing
Change
13.06
13.07 13.06 13.08 13.08
December
13.18
January March May July Spot
New York Silver:
13.21
13.17 13.18 13.20 13.21 18.21 13.21 13.24 13.24
0.02 up 0.03
**
0.09
31
13.35
13:37
13.38 13.38
13.42
13.44 13.44
13.33 13.32 13.37 13.37 0.02 0.06 0.06
13.49 13.43
»
13.48 13.48
13.15
13.20
0.05
September October
47.30
47.20 47.48
47.40 47.40
0.10 up
47.25
47.25 47.40
December
47.61
47.75 47.75
47.40 47.50 47.80 47.85
0.25
}
0:34
++
January March May
47.60
unquoted 48.00 48.00
0.40
M
47.80
48.25 48.25
48.40 .48.40
0.60,"
48.30
49.00 49.00
48.80 48:80
丰窗
0.50
· SI lots.
15.10
16,10 15,10
15.42 16.44
15.22
unquoted
15:50 15:56
December
15.50
15.45 15.45
15.61
15.60 15.80
15.96 15.90
15.85 15.85 15.87 IG.08
16.15 16.18 16.39 16.39
0.83***** 0.31
Total sales: New York Rubber:
September October
January March May
Total sales: Chicago Wheat:
September December May
"Cotton: Bullish private re- parts from the West on account of the continued drought and heat caused fixing and covering, which absorbed the moderate liquidation | Chlengo Corn:
and hedging, The market now. looks fairly well evened up. It is believed that if Wednesday's Gov- ernment estimate is over 9,400,000 balee it may have a temporary bearish effect. If below 9,200,000 bales the report should be con- aiderable bullish. The market will be closed, for fifteen minutes after publication of the Bureau report:
"Silver-Buying by Banks was apparently for the Government Control account. There are rum- ours of activity in spot silver for the same account. Official ware house stocks have been reduced.b 66,000,000 ounces during the past three months. The stocks of the metai now total 48,000,000, os
"International Nickel has declar- da dividend of 15 cents per
16.06 16.06
745 lots.
19
0.34 0.34.
15.8115.85 0.35 0.35
3 up 32%
1042 106 108 Saturday's sales:-
104 104 100% 106. 109 109%
10734 108. 110 110% 112% 118 34,848,000 bushels
4%
72
72% 72 75% 754: 77% 77% 794 79% 81% 82
16,310,000 bushelsi
744 742%
2
2%
September December May
..... 75% 79% Total sales:- Winnipeg Wheat:
October December May New York Sugar:
September December March
•
1.77 1.78. 0.01 off 1.89 1.88 0.01 " 186 187
90% 9114
market closed
95%
1.79
1.84 1.87
1.78 1.78 1.841.84 1:86 1:87
17,000 tons.
1.09 1.11 1.12
1.07 1.07
1.11 111 1.18 118
67 lots
August 2
August 8.1
6.25%
#644
51.80'
Total sales: New York Silk: September.... December February
Total les; New York Metals:
Copper, Oct. Tia, Oct.
at Tsun Wan Station and a Euro-
A report was made to the Police!
pean police officer and three Chinese detectives immediately investigated the matter. As a result of en- quiries, a Chinese was arrested this morning and will be charged to-mor- row morning,
Mr. Paul Braga, who was passing in his car, was informed of the theft by Mr. Corlett and reported the matter to the police.
Mr. Corlett said that during their absence on the beach a thief gained access to the car, having presumably secured possession of the key from Mr. Corlett's jacket. After the ar- ticles were stolen the car was locked again..
MEMORIAL
SERVICE TO
HINDENBURG
..
(Continued from Page 93.
flexible loyalty, to duty, in his sin- cerity of purpose, and in his untir- ing determination to lead our poo- ple and Fatherland out of the hor- rors of the Great War, and the de-f plorable condition which immediate-
y followed:
"His unwavering faith in God and his absolute trust in the Lord's ways and guidance cannot fail to Impress and influence us. In ripe old age. nearly 87 years old, the Lord granit- ed him a peaceful passing, and we fare Indeed thankful that our late beloved President was spared long and 'painful suffering.
· An Illustrious Hero. The achievements of Field Mar- shal President von Hindenburg will be recorded, in the history of our Fatherland, thus the generations, to come will learn something. of the work and service of our illustrious hero. History will doubtless place him among the greateat men of the century.
We to-day in the depths of our unchanged hearts, promise, with God's help, to follow the example of President voð Hindenburg in our service to the Fatherland. We commit him, with sorrowful and, grateful hearts, to the God
xikave him to us, and |say "Blessed are the dead, which die
rom henceforth: Ye
1.084 1.083 0.00% off 1.11 1.12. 0.00% up 1316 118: 0.01
51.80
from their labours, and their works do, follow them.
From "The News Chronicle", London, April 5, 1934.
A Right
BRITAIN'S BEST WOMAN TYPIST
ROYAL Victory
The judges in the "News Chronicle National Typewriting Contest have examined the work of the 100 candi- dates who took part in the final or Saturday, March 24, and they have de- cided that Britain's Most Elcent Woman Typist is-Miss Kathleen Mary Harris, "Sunways" 11, Montague- *avenue, Sanderstead, Surrey, Machina
used ROYAL
Employed by: Phoenix Assuranes Co Phoenix House, King William-street, London, E. C. 4.
Miss Harris wins 100 guineas and bes comes the holder of the title of the "News Chronicle" Champion Typist,
1034
RESULT of the "News Chronicle" Typing Competition
1st, 2nd and 3rd prizes-ALL WON ON ROYALS
Misá K,M. Harvie} (Miss K.D. Hifinatt)" (Mid D. Anderssa?
The sweeping victory achieved by the "Royal" in the "Nowa Chronicle" Typ ing Competition coméd as no surprise to those who know: the "Royal" The best work, the quickest work, the neatest work, was done with the "Royal." This amazing triumph stelking proof proof in practice that the "Royal" in the easiest and
AN "EASY"
The second and third prizes have been awarded as under:
SECOND: 50 GUINEAS..... Misa Elizabeth Olive Blissett, 55 Low- den-road, Herne Hill, London, SE24. Machine used: "ROYAL"
Employed by: Sir Isaac Pitman & Sons, Ltd. 184 Southampton-row, Lon- don W.C.1:
simplest machine for the typist to use' and, therefore, the most econo- mical from the employers point of view. The "Royal" won First, Second and Third Prizes on its merits in competition with every other make. Now that you have overwhelming proof of "Royal" "superiority Instal "Royal" Typewriters.
WINNER
ROYAL
TYPEWRITERS. Compare the Work!
THIRD: 25 GUINEAS Miss Daria Anderson, 7, Widdrington- terrace, North Shields, Northumber
land,
Machine used: ROYAL
Employed by: E. M. Inspector of Taxes, N. Shields 1st Division, T. Northumberland-street, North Shields, Northumberland.
Gulosas, ure:""
Min: M. E. Auston: 6 Wellesley-grove, E. Croydon. The ten Consolation Prize-winners, each of whom receives Five
Machine used: UNDERWOOD Employed by: The Expanded Metal Co., Ltd., Burwood House, Caxton-
street, Westminster, 8.WALAALA
MÚ E IL Taylor' 80, Winter Heylane, Horwich, near Bolton, LancH, Machine used: UNDERWOOD," Employed by: The LM. and S. Railway, Mechanical Engineer's office will make Assist We Locomotive Work, Horwich, near Bolton, Lancaster
There were four tests in the Grand Fifial, for which the candidates were allowed two hours. The system of marking followed by the judges throughout the preliminary and final sesta vas drawn up by the Board of Examiners in consultation with the Board of Control In this way abno lute fairness in the award of points was assured,
The final test papers corried no mark of, the candidatos identity other than a number known to ¡to the "News" Chronide fort
THE OFFICE APPLIANCE CO., LIMITED.
Powells Bullings
Telephone 28807."