Page
TENNIS EXHIBITION
MATCH.
MALAYAN PLAYER IN 2.
ACTION.
GOOD DISPLAY AGAINST RUMJAHNS.
[BY BALADIN]
Quite umber of spectators turned up at the Indian Recreation Club yesterday afternoon to watch Chus Cheon Leong ist aution cousins. the Rumjahn agninst Dorin I. Inzell partnered the Malayan player. The match proved interesting, to which the visitor contributed creditably, and resulted in a win for the dian pair by three seta to one, the scorça being 11-, 3-7, 6-3, 6-0 in their favour.
Chuo Cheon Leong pinyed a sound all round game and showed fine appreciation of courteraft and Lacties, He did not play cou
BANK NOTES IN CIRCULATION.
LATEST OFFICIAL
- RETURNS.
The returns of the average amount of bank notes in eircula. tion and of specie in reserve in Hongkong, during the month end- el ist July, 103, as certified by the managers of the respective banks are as follow:- Chartered
Bank of India,
Australia
A
HONG KONG DAILY PRESS, MONDAY, AUGUST 8, 1932.
Money and Markets·
HONG KONG TRADE.
IMPORTANT PIECE-GOODS
CRDERS.
The following, reports are given in the fortnightly bulletin publish-
HONG KONG STOCK NEW YORK STOCK d by the Hongkong General Cham-
MARKET.
SATURDAY'S OFFICIAL
QUOTATIONS..
Markets were somewhat quieter on Saturday morning, but Hotels, Lands, Ewos and Star Ferries
and China 20,551,830 5,300,000* again displayed firmness and were Hong Kong
bid for at higher rates than on Friday,
& Shang- hai Bank-
ing Cor-
pornfjón 134,530,052 112,000,000+
Mercantile
Bank of
1,340,000 $
India, Ltd. 3,107,740
Tori...$159,222,687 121,650,000 In addition Sterling Securities
sistently yesterday, but it was apave deposited with the Crown parent that he had not recovered Agents valued at £1,323,100, from hisca-less" having virtual
+la addition Securities de-
Doverument Straits £2,717,000.
velued ut
$ addition Securities deposit- with the Crown Agents valued at £190,000.
ly stopped from the boat to theposited with the Crown Agents and court. fis chief asset being a powerful backhand, which was use- fully employed at the net where he made a series of spectacular follow. дерн to excente winning shots, Cirua also possesses a strong fore. hand drive and is a steady player, (Continued at fout of next column.}
PROM
23743
CENTRAL RADIO
SERVICE
KING'S BLDG (Opp Show Feng)
RADIO EXPERTS -WORK GUARANTEED
Latest
BRUNSWICK
and
MELOTONE
SECURITIES WITH CROWN
AGENTS.
The following statement of the securities Todged with the Crown Agenta by the Mercantile Bank of India, Limited, against their notes in girculation, is published for information: Security, general
9% Treasury Bonds payable at 100 1033/1935; Ainoant £100,000; in Latest market price, 109-102.
MESSRS. BROWNS,
LTD.
TO BE WOUND UP: CREDITORS MEETING
CALLED.
At a meeting of shareholders of Messrs. Browns, Ltd, held recently, the following resolution was passed.
"That it has been proved to the satisfaction of this meeting that the Company cannot by reason of its liabilities continue its business And that is advisable to wind-up voluntarily and that Donald Black of No. 1, Des Voeux Road Central, Vieturia in the Colony of Hong- kong, be and he is hereby appoint ed Liquidator for the purposes of
RECORDS such winding up.
31
A meeting of creditors is to he held at the offices of Messrs. Percy -Obtainable-Smith, Seth and Flaming at noon
on the 20th instant.
-from-
THE
BRUNSWICK HOUSE
Arcade, Gloucester Bldg.
SHOWING SOON
AT THE
CENTRAL
F.
BORSAGE'S
NEWEST TRIUMPH ADAPTED FROM THE INTERNATIONAL STAGE SENSATION BY F. MOLNAR.
CHARLES
FARRELL ULIOM
MOVIEŠU veržian of·
Franc Molts immortal play
with
ROSE HOBART H. D. WARNER Estelle Taylor Leo. Tracy
Frank Borzage
EXCHANGE,
CLOSING QUOTATIONS.
August 6, 1932.
On London:-
Telegraphic Transfor... 1/34 Bank Billa, on demand 1/34 Bank Bille, 4 months'
****** 1/2 months
sight
Credits,
sight
ON PARIS:-
1/40
Bank Bills, on demand 575 Credita, 4 months' sight 315 On New York:-
Bank Billa, on demand 221 Credits, 60 days' sight. 234. ON BOMBAY :-
Telegraphic Transfor Bank, on demand ...
ON CALOUTTA !---
Telegraphio Transfer Bank, on demand
ON BEANGIRAT !---
Bank, at night...
ON YOKOHAMA *--**
...
}85+
}85+
... 754
On demand .............................. 844
ON MANILA-On demand.... 45
ON SINGAPORE:--
On demand
554
On Batavia:-Ün demsad. 56 Ôn HAIPEon:
On demand www
ON SAIGON:--On demand 57 ON BANGIOX:-
On demand
*
1441
BevKanions, Bank's Buring
Bate ............uki 1/4) BAR SILVER, per œ on 17 7/16
well oquipped with strokes.
defensivo
AB was to be ozpected the Rum- jahns showed better combination. This factor enabled them in a large measure to win valuable points at important stages of the match, while their net play also appeared to be superior. They showed up bost in the last act, na the score would indiente. matching the six games in quick time by a barrage -of-atinging-abots which gave-their-
opponents little chance to retrieve, Hazell backed up his partner well. He produced good form in the second sot, his determination ar hard hitting contributing a great deal towards his sidle's “sue. ces in winning the set, which for the first ten games went against the
servers.
Chua Choon Leong left last night by the Conte Rosso.
Sales.
Union Insurance, 91871-
II. K. Steamboats, 822),
II K. and K. Wharves, $101.
H. K. Hotels (New), 810,30
Hongkong Lands, 878.
Chinese Estates, 8105.
H. K. Tramways, $22.00. Chin Light (Old), 819. China Light (New), $17.00. H. K. Electrics, 877). Cements (Comb, 815.50. Dairy Farms, 8279. Watsons (Old), 8123. Constructions (Old), $7.55.
Buyers.
China Fire Insurance, 80LO Union Waterboats, $20. Shanbai Loans, Tis. 2.30. Raubs, $30.
H. K. and W. Docks, $144. Providents (Old), $1.8%. Shanghai Docks, Tls. 80.. H. K. Hotels (Old), 810.60. H. K. Hotels (New), 310.10. Hongkong Lands, 87, Ewo Cottons, Tx. 13. Hongkong Trams, 892.75. Star Forries. 893.
Yaumati Forries (Old), 834. Yaumati Ferries (New), 833. China Lights (Old), 817.85. H. K. Electrics. 877. Telephones (p.P.), 83). Lane, Crawfords, 831. Sinceres, $154.
H. K. Amusements, $19. Constructions (Old) 871.
Sellers.
Union Insurance, $483. Providents (Old), 85, H. K, Hotels (Old), 8101. II. K. Hotels (New), $10.40. Cements (Combined), $18.
CHINA PLACES BIG ORDERS IN BRITAIN
BRIDGES AND RAILS ORDERED
[THROUGH REUTER'S AGENCY.]
LONDON, August 6.
EXCHANGE.
A.O.F.C. QUOTATIONS!
NEW YORK, Aug. 5.
Dow Jones Avoriges:
Aug. Aug.
4
3
Chango 30.03 02.60 2.07 up 30 Industrials 20 Itails... 91,95 22.48 .03 up 20 Utilities.... 24.90 9321 1.01 up Messrs. E, A. Pierce & Co. Report. The market is strong.-Business done: 2,700,000 shares,
and Telephones
Auburn
SUB
LAST TO-DAY'S PRICE PRICA
Air Reduction
$15
$40
Allied Chemical and
Dre
ዐር
09
American Can.p..... 438
45%
American Telegraph
101
American Tobacco "B" 74
*731
691
Borden Company
28
Canadian Pacific
13
14
Consolidated Gas of
Now York
49
301
Drugs, Inc.
39
30
Du Pont de Nemours 31
Eastman Kodak
501
53%
General Electric
15
174
General Fondy ...........
261
201
General Motors
12
13)
International
Harvester
281
International Tol, and
Tel.
72
Liggett & Myers "B" 581 Loew's Int.
581
251
Pacific Gas & Electric 231 Pennsylvania Railway 12
23%
12
Radio Corporation ... Senra Roebuck
18
Standard Oil Co. of
New Jersey
32)
Socony-Vacuum Corp. 101 Union Carbide and
Carbon
21
Union Pacific
United Aircraft and
Trans.
12A
342
Westinghouse E. & M. 27
301
United States Steel
COTTON SLUMP IN AMERICA
PROJECTED PLAN TO BUY SURPLUS STOCKS
(BRUTER'S AMERICẦN SKEVICE.]
New York, Aug. 7.
A PROJECT of banking and
cotton mill interests to form a ainety million dollar syndicate to buy the three million bales of cotton controlled directly, or in- directly, by the Federal Farm Board in order to remove this incubus on prices" in reported to be under consideration, according to the New York Times.
SATISFACTORY progress is being It is emphasised that this cotton made by the Chinese Guvern-will not be resold, but consumed by ment's Purchasing Commission, the miles over a period of yenra
It felt that such a move would which is disposing of £5,000,000 from eliminate the "depressing cloud of the Boxer Indemnity total. Mr. undisposed surplus" now hanging Chung Chun Wang, Director of the over the cotton market and textile
industry. Commission, told Reuter on his re- turn to London that he had a high appreciation of the whole-hearted co-operation which all members of the Commission. Chinese
and British alike, had shown.'"
Train. ferry, bridges ordered from Britain are making rapid pro- gress and no order for 18,000 tons of rails for the Kiaotai Railway has been placed with five British Bleel works.
NEW YORK STOCKS RISE 7 POINTS
ADVANCE CONTINUES
[THROUGH REUTER'S AGENCY.]
NEW YORK, Aug. 6. DESPITE the mid-day profit- taking tending to check the rise, the Stock Market continued to
STERLING WEAKENS advance and many lending stocks
MAINLY DUE TO TRANSFER OF BONDS TO U.S.A.
(THROUGH REŞTEK'S ADENOY.]-
LONDON, Aug. 0. THE renewed weaking of sterling, which yesterday lod to a minor rush to sell sovereigns and jewel- lery, is attributed in London main-
ly to the transfer of funds to New York, and the purchase of Ameri- can securities.
A further factor in the present weakness of the pound is believed to be the absence of official figures of the results of the War Loan conversion Acheme which, despite the optimistic attitude of the Lon- don farket, may have been inter- preted abroad as an indication that the result was less favourable than was. anticipated.
AMERICAN-ORIENTAL
FINANCE CORPORATION
Agents in Hong Kong, —
|| Asia Lands Limited
Gloucestor Building. Telephone 28380.
closed up to seven points higher. The day's turn-over was 2,500,000 shares.
Prevalent optimism is spurred by the widespread reports that a $30,000,000 buil" Wheat Pool is contemplated. Rumours that the Reconstruction Finance Corpora- tion is planning to land freely an that industry may purchase raw materials also tends to brighten the outlook.
ECONOMIC STORM SUBSIDING
LORD IRWIN'S VIEW
[TROUGH REUTER'S ADENOY]
LONDON, August 6.
LORD IRWIN, President of the
Hourd of Education, speaking in London yesterday, expressed the view that the economic storm of which Great Britain-felt-the-full- force last year, was beginning to hlow itself out,
He described as "openings in the clouds" the agreement_at | Lausanne; the success of the War Loan Conversion; the recognition by European countries of the neces- sity of readjusting views about dis- armament and the promises of Ottawa, where the whole Empire hoping to see fulfilled its desires for a closar economic unity which might bo both an example and an inducement to the world to 'return' economic to paths of greater sunity.
ber of Commerce :---
Cotton Piece Goods. There has been a good deal of enquiry for Spring Fancies in general and some important ortlers have been placed for standard lines Other of Poplius and Limbrics. business is pending but owing to the heavy carry-over this season, the volume of ordera is expected to be below normal. Clearances of Staples have shown' some improve- ment following the tightening of the boycott by Chinese of Japanese goods, but local prices for Staples and Fancies are still lower than they should be. Manchester prices i are fairly firm and many offers from this market have not been ue cepted.
The latest Cotton prices to hand are those of the 5th August:—
Mid, American "Spet"...09d. Egyptian Saket F.G.F.
"Spot"
Woollens.
..7.15d.
There is no new business of any importance in wooliens to record. The new season's goods are just beginning to arrive and clearances) of Hosiery Yara aro progressing. Clearances of woollen piece goods should commence next month, and
prospects for the winter trade are not unfavourable, Recent att. quiries from the Singapore market lid not result in business ns replies
from the southern market reveal that prices there are lower than those quoted for Hong Kong. This is due to the exchange situation which no longer favours the Chin- exe seller.
INSIST
ON
A
ITS STRENGTH
THAT
MATTERS/
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Sole Agents for China:
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Shanghai
26
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Hongkong
Tientsin