NO HELEN
HONG KONG DAILY PRESS, SATURDAY, OCTOBER 3, 1931. -
Tpay prices and FINEST
Lower get the
PE
ฤา
QUALITY
at
Lane Crawford's
Have you heard, by the way, about
the GOLD BAR VEGETABLES?
They are making a special offer this
month of ten per cent. discount on six or
more tins, and the best of it is you can
make up the six as you like, Peas, Beans,
#
Tomatoes, anything
I'm ordering
in a lot, as quite apart from anything
else, Gold Bar are absolutely the best
sort you can get. There is very little
locally grown stuff this time of the year,
and one simply must have Vegetables.”
GOLD BAR
VEGETABLES
GROWN, PICKED AND CANNED WITH
*** THE GREATEST SCIENTIFIC CARE ARE
Pure, health-giving, and as delicious
eat as they are attractive in appearanc
MILK
HONG KONG STOCK EXCHANGE
WEEKLY SHARE REPORT,
HOW TO TREBLE PROFITS.
"ADVERTISING'S CURE FOR
THE SLUMP.
MODERATE EXPENSE: GREAT RESULTS.
BANK MERGER.
CHASE BANK AND EQUITABLE EASTERN","
The business and nesota of the Equitable Eastern Banking Cor poration have been consolidated with those of the Chase Bank, com mencing from October 1. The Hong Kong branch of the former Equitable Eastern Banking Cor poration which has been located in this City for seven years will be continued as a branch of The Chase Bank
And Chase Bank
This consolidation gives the US$5,000,000, fully paid in, which, a capital of
together with "Surplus and Uo- Profts, makos. Total excess of
Hong Kong, October £—The past week, involving a fairly heavy Settlement, which passed" "off smuntlily, has produced an casier market, with business alment con; fined to cash transactions. Owing The time for special effort to the drop in exchange sterling through advertising is when the shares have improved their posilouds are darkest, when men's tion, but speculative stocks in soveral instances show fairly wide tuinds need to be reassured, recap ed
turud." said Mr. Gilbert Hodges, Capital Funds in differences in the rates compared presidend of the Advertising Federa- with those prevailing last week. {tion of
At the close, the market displays a donorio, speaking in Lon- Mr. Hodges, who was the guest of ForBanks,,honour at a luncheon at the Savoy
Hotel, described how a moderate. expenditure in advertising produces great fanucial results.
The Advertising Federation of America, said Mr Hodges, had made strvey of the experience of yanars, and truly amazing results ulvertisers during the past two had been reported, "proving cons elusively that fearless, intelligent bad times as well as in good times." advertising pays big dividends in.
Armer undertone Unions, Cements, Trams and Ropes and this afternoon (Friday) there appeared to be greater signs of activity, buyers being in ovidenes for a fair number of stocks. A feature of the operations has been the sharp rise in Ewos, which com- menced the week under review at Tis, 16.89 and were put through at Tis. 17.90 to the North. At tho close!
Instances' were given of well- there is an oasier tendency, and the known companies whose records local rate is Tis, 17 buyers.
proved that it was profitable 'to: BANKS.-Hong Kong and Shang. maintain or increase their selling hai Banks, affected by the acute and advertising efforts during the fluctuations in the sterling rate car-present had time. ly in the week now under review, changed hands as low as $1,500, but have almost recovered at the close with a demand for shares at 81,075 and sales reported at $1,000. The London quotation, after having riann to £109), has receded gredienta na hofore, but of a differ £100 (middle).
ont shape. This was nows which advertising appropriation was in- mado good advertising copy. The creased 15 per cent., resulting in increased sales of 149 per cent,
..
its advertising appropriation in One tobacco company increased 1330 by 96,000,000. As a result, its. $10,500,000. A fruit drop company net profits were increased by produced a sweet of the same in-
INSURANCES.-There has been some activity in this market, Canton Insurances have been the medium of business at $1,500, but closed with sellers. at this rate. Unions were
Further examples were given, of done at the outset at 8423, but 1 companies which had shown parti- strong demand for shares. has sinca cular ingenuity in the creation of lifted the price to $400. China new ideas and in the development Underwriters have remained of new markets. In each case, they offer at 852 China Fires have been had made good use of advertising. entirely neglected. Hong Kong
M New Sales Records. Firea could be obtained at the close jat $1,488.
ол
7
Steamship companies had found SHIPPING.-Douglates continus goldmine in the week-end cruise; neglected at 824. Steamboats have a railway company had secured a remained quiet with shares con brandnew patronage through vigor. tinually offering at 827. Water que advertising of u special kind of boats commenced the week with train; and the owner of a chain of buyers at 828, and close nominal at restaurants had started an adver this rate. Shells (Bearer) have tising campaign offering all one again been inactive at 41/10). " could eat for 60 cents or one dol- MINING. Bonguetas are quiet lar. Sales immediately jumped but stondynt, 812 Raubs,for ahead of all record. which the clean-up for the four wooks ending on September 12 re- turned 1,024.20 ounces of gold, have remained at $371 ex dividend nominal. Venezuelan Goldfields are still quiet at 23 sellers.g
"There are many other ing stances,” added Mr. Hodges, “ of sound thinking, smrari advertising, and aggressive selling."
Sir Comer Berry said that we had a lot to learn from America,
Docks, WHARVES, GODOWNS, ETC.- not in most things, in many Kowloon Wharves have, buyers at things. Certainly we had a lot to $150, and sales were put through at learn in the way" of "advertising, 8181/8152. Whampoa Docks operand Mr. Hodges was willing to give ed the week with enquiries at $30, us the benefit of his experience. but closed nominal at this figure. Providents (old) show little change from last week, aalea having been made at $5.78/5:00. The new shares close in demand' at 82.00.
LANDS, HOTELS AND BUILDINGS Hong Kong and Shanghai Hotels have engged nnd business has been done down to $14.90. The new shares have undergone similar treatment... but there are shares in the market at the rate already. quoted. Hong Kong-Lands can still ba obtained at 884. Humphreys (old) are on offer at B194.-Hong Kong Realtics have continued to drift and shares can easily be obtained at $14.80.
PUBLIO UTILITI. The reaction which Hong Kong Trams suffered at the close of inst week has not been sustained, business having since been done at 622, with buyers at the close at 8214. Peak Trams (old), and (new) remain at last week's rates. Star Ferries have re- mained steady at 8911. China. Lights have not been quite so active and sales were effected at 827 and |0271, with further sellers at the close at $27) Hong Kong Electrica were done carly in the week at $60, and at the close at 878.Telephones. (fully paid), which were morə» Or Ice neglected, live returned to favour, and are now in demand at 843) The part paid shares, after Being done at 8301, are now in ze: quest at the reduced rate of 8901. Cements (combined), after having declined to #181, have recovered to | buying quotation of 818f; Hong Keng Roper have fallen away ainos the Settlement and were done 6 low as $10, but have since strong, thened and close in request at $104. TO STORES, LTO-Dairy Farma, aro | on offer at 831 Watsons, which have weakened, were negotiated at 815 and can be placed at this rate. Lane, Crawfords (old) havo," also suffered a reverse, sales having been put through, at 88.10. The new shares-aza 854 nominal meshing MISCELLANEOUS Hong Kong: Amusement plans the week at 1244 nomiñal, Constructions, cum rights, |were dealt in at from 811) down to
810,80
Cortos Kjus. Eve Cottonu, as rends montlover, have bor an active fourkit; and have been done bg high ris 17, and sales to the North" "KE T16 17:30 56g, they closed slightly canter with buyera. at Tia 17, Shanghai Cottons are
During his visit to England Mr. Hodges intonda to call of leading advertising men with a view to finding methods to develop trade hetween Great Britain and the United States,
EXCHANGE RATES,
[BRITISH WIRELESS SERVICI
Parie New York Brussels Geneva... Milan
Rugby, October
1000
3.95
Amsterdam... Berlin... Stockholm: 4. Copenhagen
Oslo
Vienna Helsingfors Prague Madrid Lisbon, Athens
Bucharest
To
180
100
200
635
3
Buenos Aires.
22,
Bombay Shanghai-
1/B2
1/64:
Hồng Kong Yokohama
1/18
2/0
Silver
15 15/16
Montevideo
Spot Forward
"People Who Matter
PEOPLE WHO
to the
thor are the
cdni
now noglested at Tis. 05, and Zoong Hong Kong Daily Press,
Sings, for which 'n dividend of The
0.80 has been declared havo ad- vanded to Tha-13] buyern,
1788,000,000 the Total resources will be approximately US846,000,-
The Chinse Bank was incorporat od in 1930, It is affiliated with the Chase National Bank of the City of New York. Its senior officors are Albert H. Wiggin, Chairman of the Board of Directors, Mr. Charles S. McChin, Vice-Chairman of the Board of Directors, and Mr. Winthrop W Aldrich, President.
Mr. D, M. Biggar, who has broix Manager of the Hong Kong Branch of the Equitable Eastern Corporation since that office, was opened, will hold a similar post at Bank. After the consolidation tha the Hong Kong office of the Chass
Chase Bank will have Branches in Hong Kong, Shanghai, Tientain, Paris and Mexico City.
DAIRY FARM NEWS.
HOT
WEATHER Suggestions
PRESSED BEEF 90 cts, per lb. PRESSED
TONGUE $1.75 per lb.
ROAST PORK
$1.85 per lb.
PRESSED PORK
$1.15
Per lb.
COOKED HAM
$2.30
per lb.
PORK PIES 30 cts. each.
The Dairy Farm, Ice & Cold Storage Co., Ltd,
THE FULL REPORTS
of the Anti-Japanese
Riots in Hong Kong are contained in this Week's edition of the
HONG KONG WEEKLY
PRESS
And OVERLAND TRADE REPORT.
As there will no doubt be an unusually large demand for this issue you are advised to place your order in advance.
PRICE: 30 cents
PUBLISHED ON FRIDAY