Money and
Markets
HONG KONG DAILY PRESS, WEDNESDAY, AUGUST 12, 1931.
BOOKS and READERS
THROUGH THE DRAGON'S EYES"
U.S. BANKS CLOSED.
New York, August 5.-The. Sup- erintendent of Banks, has closed up the American Union Bank, the International Madison Bank & Trust Co., and the Times Square Trust Co. and an affiliated concern because their assets have depro- cinted,
INDIAN BANK RATE RAISED.
London, August 6-It was an nounced here to-day that the Im perial Bank of India has raised its discount rate in the amount of one per cent from six per cent. to seven per cent.
NEW YORK SILVER FUTURËS.
New York, August 5.—Fractional. ly higher prices ruled in the trad- ing on the New York silver futures market to-day. At the close the August position was quoted at 28.50, up from yesterday's close at
28.40.
The futures prices were similarly higher. Trading was dull with the contract turnover totalling
Us
GENERAL MOTORS
DIVIDEND.
CONTINUANCE OF REGULAR QUARTERLY PAYMENT..
Prior to the announcement it had been feared that General Motors would out its dividend and as a rosult the stock of the corporation was sold heavily to-day, General Motor closed at 371, off one point from yesterday's close.
A REMARKABLE BOOK ON CHINA,
The ghastly and of a woman bandit leader in China is told in
|
ple who live at Calderwick, a Scot tish port on the east coast, and one might surmise that there is an the story an element of reaction, revulsion, which prompts, so fierce
Now York Aug 8.-Contrary to expectations in many quartors then remarkable book which gives an inquisition into motives and General Motors Corporation an- vivid glimpses of life in the most origins. Calderwick is an import- nounced to-day that it will pay its romantic civil service in the worldant, self-respecting trading com regularly quarterly, dividend of G.876 on each share of, common the Chinese Maritime Custommunity, and it is said of it that stock.
The announcement of tho dividend payment was made after
The book is by Mr. L. C. Arling wives worn dull, domestic...com. the market had closed.
ton, retired Commissioner of the modities, and husbands, ♫ vas. Chinese Postal Service. It is call understood, were unfaithful when- ed "Through the Dragon's Eyes over they had the opportunity." (Constablo, 218.).
The place is divided between box- The author, after a rough early indulgence and sex-repression; fool- life before the mast in an Americanings, impulses, religious ferður training ship, spent over 50 years are lamentably exclusive of com- in the Chinese Nuvy, Customs and mon sense and distinction between Post Office.
right and wrong. La the revolt Women Leaders Worse Than Men. against order and decorum, which
Mr. Arlington reveals that some
Mrs. Muir carries to extraordinary of the bandit gangs he came across lengths, the boroine, Elizabeth, is when serving in lonely frontier sta the notable figure. She is a woman tions or Customs posts were led of imagination and refinement mar- women worse than the men, under ried to a lewd wastrel, and she re- their command. One was brought mains passionately attached to to book for the murder of her hus him: She was linked mystically band. Having failed to potion to her husband by nothing less him, she and her paramour drove a than a universal force." It ia dif- large spike into his brain and an-ficult to conceiva even on the theory other through his spine,
SHARP DECLINES IN RUBBER.
AUGUST AND FORWARD POSITIONS ALL LOWER.
clines were recorded on the New New York, August 4.-Bharp de- York rubber market today. At the close the August position was quoted at 5.56, off from yesterday's close at 5.66, and the futures pri-
Ces
She was condemned to "Ling chih," or "Blicing," a cruel punish
four lots aggregating 100,000 ounces
were correspondingly lower. against eight lots totalling Trading was dull with the contract 200,000 ounces yesterday. Follow turnover for standard No. 1 rub- ing are the closing futures price her totalling 30 lots as against 63 quotations an the New Yorke yesterday. Fellowing are the National Metal Exchange:-
closing futuroa price quotationsment generally meted out to wo. Month
for standard No. 1 rubber: August4 August 3
men who murder their husbands Aug. 3 Aug. 4 5.00
"I was present at that execu tica," writes, Mr. Arlington, "and it was &I' appalling sight to witness. The woman, after "being sliced from head to feet, was a terrible sight to behold-and as if that were insufficient punishment
Ang
25.40
28.60
Sept,
28.42
"28.03
Month August
5.50
September
5.83
8.07
Det.
28.45
25.00
October
5.31
5.74
Nov.
28.50
23.03
Dec.,
28.50
26.60
November
5.8A
5.82..
December
5.07
5.90
Jan.
29.58
28.71
Feb.
20.01
28.72
January
0.04
5.97
Feb.
0.11
B.04
Mar.
29.04
528.74
March
6.19
6.11
Apr.
28.07
29.76
May
28.70
28.70
April
8,27
0.18
June
21.73
28.64
May
6.35
6.20
June
6.45
6.30
July
98.76
28.80
July
8.55
0.48
AMERICAN FOREIGN
TRADE.
INCREASES WITH CHINA AND
RUSSIA IN JUNE
STEEL PRODUCTION IN AMERICA.
LOWER LEVEL WITH LITTLE
HOPE OF IMPROVEMENT.
of subconscious affinity. "Indeed, one may ask whether this rolation, so well and ingeniously described, Belongs to modern realiam or to the last struggle of romanticism. Mrs. Muir is a dabbler in the philosophy of life, of which that of sex is a part. It is an ironical inversion that the raffish husband is shocked by the ideas of his wife. The centre of the story, then, must appear to some of us. an in- teresting incredibility. There is a her body and fire applied, literal-secondary and important interest ly burning her to a cinder... The in the relation of a minister aid his med brother," and the connec Chinezo, though very inoffensive intion between those two interests is their normal state, turn into per fect fienda when aroused.",
a tin of kerosene was poured over
This form of punishment is some, times referred to as "Death by the Thousand Cuts," Its significance lick in the Chinese dread of ap- New York, August. 5.-Reports pearing in the next world in any compiled here to-day from Pitts-way dismembered, as an assort burg, Youngstown, Clovaland and ment of little bits" as the author Buffalo, the great producing can puls it. tres for steel along with Chiengu and Birmingham, showed further In June the United States sold declines in America in steel produc-
China
goods valued
attion....
Washington, August 5.-Increas- ed trade between China and the United Blates and between Soviet Russia and America during the month of June was announced by the United States Department of Commerce to day.
little more than formal. A more effectual contribution to the design is the arrival of Calderwick of a woman who had long ago re nounced the town and its society. Her reappearance is admirably de the two women are marked by im scribed, and the passages "between
They come aginative observation.
Elizabeth's to an understanding. "missionary fever and her exess of sonsibility are modified by her experienced but unconventional friend, and it seems that we may compromise on the conclusion that for the human spirit the times of G.87,734,583. This fguro represents The plants are now operating at ritarial authorities in purely Chin-strenuous self-support are best and an increase of G.8678,000 over the 30 per cent. of capacity in contese cases were confined in large that our dangers come with ful previous corresponding period... parison with 2 per cent, when the cage. The offenders were made to Alment and fruition. As to Cal-
During June of this year the last reports were compiled a week stand United Slates sold to Soviet Rus-ago. nis goods valued at G.812,618,056, au increase over the previous cor Tesponding period of nearly G. $4,000,000.
fo
1
The total American production pig iron in July was 1,163,990 tons, the lowest figure, to have been corded since 1921,
Starved in Front of Food,
Pirates when captured by the ter
on piled-up bricks, their derwick, we may perceive it as the heads sticking out of a round ap: type of a world too loose, a world oferture at the top of the receptacle too tight, and hope for some de-
and food being placed within smel-velopment of sanity. ling distance of "heir noses," though they could not reach the viand since their arms were inside the cage Consequently they starved lo death with the scent of food in their nostrils,
re-
Some producers are hesitant to predict any improvement in the
MONEY CRISIS IN MEXICO. steel situation during August.
BANKS TEMPORARILY SHUT DOONS.
Mexico City, August 4-Fears that a financial crisis is imminent in Mexico loomed here to-day as two of the largest Mexican banks closed their doors,
The Bank Credito Epanol de Mexico, a Spanish baak, has closed temporarily The Banco Nacional de Mexico also has closed.
It is announced that the closings of the banks are temporary. O- elals hope that by closing the banks they will be able to preserve order among the depositors who have been seeking to withdraw their money.
There has been fiancial difficulty throughout Mexico ever since the promulgation of the recent law reforming the monetary laws. The gold peso has been replaced by the Con- silver peso na legal tender. sequently, there has been consider
The able speculation in pesos. Goverment has been forced.. to close Exchange Houses because of the speculation which was proving harmful to the peo
IL DUCE MAY CALL ON PONTIFF.
EXCHANGE RATES.
[BRITISH WIRELESS, SERVICK.]
Paris
New York Brussels i
Geneva
Amsterdam
Milan Berlin
Oslo
Rugby, August 10.
123.05 4.858 94.85 24.9
J
-12.05
02.65
2012
Stockholm
18.150
Copenhagen
18.18).
18.18
Vienna
34.05
Prague
163 13/10
Helsingfors
1924
Madrid Lisbon Athens
66.1
110)
375-
Bucharest
817
3 6/32
31
24)
1/61
1/21
'Rio...........
Buenos Aires)
Montevideo.
Bombay Shanghai Hong Kong
Yokohama.... Silver, spot & forward
11 2/11/32 12 3/10
initiative for the visit is reported to emanate from the Premier who is said to be anxious to make a final attoript, to bring about a ro conciliation between the Fascist state.
The Chinaman is described supreme in the smuggling game, "One of my best seizures was made from a heap of cabbago; each cab bago had ball of opium concealed in it.... Bibles are often used for the same purpose; the leaves are all cut out and the opinm con- realed between the two covers."
Some of the foroigners (they came from all countries) in the customs services married Chinese
women..
ONE MAN OR MANY?
"DID Houen Live!". By Victor Victor Berard. Translated by Brian Rhys Dent, of
If an author wants to be really famous, he should conceal his name, So long as people do not know who he is, they will talk about him. The author of the "Letters. of Junius" knew this. "My my stery," he wrote, increases my im- portance.
51.
"
The "Odyssey" is one of the half- dozen most delightful books in the world; but our ignorance of its Mr. Arlington admits that he authorship increases its fascina found a congenial and kindly tico. We are eager to know whon home" in China. He describes the "Homer" lived, where hq, was born, Chinese women as exceedingly where he picked up his marvellous. madest and refined," and says it tales, who were the predecessors would be impossible to persuade a that fashioned the poetic instru- Chinese that a woman who used Iment of which he made such mir hor clothes to show off her figure sculcus use These questions are could possibly possess the least trace free will, on which, as Chaucer tells of modesty Blue or grey eyesus, there had been, even by his ure repulsive to Chinese, and the time, grete disputisoun of an un- author also indicates that they do dred thousand men:
not like the smell of Europeans.
Mr. Arlington has much of in-
terest to say on historical, social
and political topics. One is inclla
A CURIOUS FIRST NOVEL.
.
10 Years Study......
Of those who have discussed those
ed to agree with Mr. E. Alabaster Homeric problem, M. Berard is (also a former distinguished ser. one of the most distinguished. Ho vant of the Chinese Customs, who has studied them for forty years; rites a proface) that he is oo them. In this little work he some and written many volumes on sionally somewhat "sweeping”—for, exemplo, in his constant tilting up his conclusions shortly and sim-
ply. against the missionaries; but his
Boma of these conclusions are 45 lively book is obviously the work of a life-long and thoughtful stud follows: Homer wax one man, not ent of Chinese and will make its many he lived about 850 B.C., in | Asia: Minor; he could ?"read" and mark-
write. (Did not Jersbal, even ear- lier write a letter, and diaj not Mesha of Moabinscribe his stoni 1) He was but the greatest off a school IMAGINED CORNERS By Willa Muir almost perfect poetic form. And he of posts who had fashioned en London Martin Becker. Pp. got his tales from Egyptian and The correspondent, finally, recalle
361-76, 6d nëtt Zurich, Aug. The usually well that after the signing of the so-
Phoenician sources. As for the informed Rome correspondent of called Lateran Treaties Il Duce. did Mrs. Muir's exceptionally inter marvole, they were the inventions the Neue Zuericher Zeitung, in not visit the Vatican though the osting first novel is well written, of Sidonian sailors who to keep lengthy dispatch from the Italian King the Queen and the Crown but sometimes in a diction which out intruders, fold fearful storibs capital, claims to have definite du Prince And audiences of the Holy is not devised to say things play about the very, places, where -moda formation to the effect that Signor Father, and declares that Signorly there are times when coomen-profit was to be got precisely an Mussolini will bhortly visit the Mussolini's decision, if confirmed, tration on the sentence makes it the Dateh did about, the Spice Is Vatican where he will be received would therefore be of great" sigui dificult to giye dus value to the lands, or the Spaniards about the in audience by the Pontif. The ficance.
contaxt. She writes about the poo / Pacific.
ATTEMPT TO HEAL VATICAN'S
BREACH WITH STATE.
Which are your interests ?
Monday
SPORT.
Local Sport, Results of Week End Games. Home Cricket Results.
Tuesday MOTORING.
Local and World News of interest to Motorists.
Wednesday AVIATION.
Thursday
Friday
A page of interesting information about the latest developments in flying.
HOME RACING.
Home Racing Notes, contributed by an expert.
BOOK REVIEWS..
Reviews of carefully selected books and novels which will interest people of intelligence.
SPORT
Lawn Bowls review by "Green."
RADIO
Wireless News, contributed by a local enthusiast.
SPORT.
Swimming Notes.
Home Cricket Results.
WOMAN'S PAGE
Of value to all women who take an interest in matters of Dress, contributed by a local expert.
SPORT.
Tennis Topics by "Topflite."
Lawn Bowls week-end forecast by "Green." Baseball Notes by "Strikeout".
BUILDING & ENGINEERING.
Saturday BUILDING
News from Home, China and Hong Kong.
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HONG KONG DAILY PRESS.