SHIPBUILDERS, SHIP REPAIRERS, BOILER MAKERS,
FORGE MASTERS, OXY-ACETYLENE AND
ELECTRIC WELDERS,
MECHANICAL AND
ELECTRICAL
ENGINEERS.
DRY DOCK-
Length 787 Feet. Length on Blocks 750 Feet.
OF HONG KONG, LIMITED.
THE TAIKOO DOCKYARD & ENGINEERING COMPANY
WIRELESS CALL SALVAGE TUG "TAIKOO"
V.P.G.N. 600 METER.
Depth on Centre of SIU (B.W.0.5.T.) 84 ft. 8 Ins.
THREE SLIPWAYS.--
Capable of Handling Ships Up to 4,000 Tons Displacement.
Blestris Crane at Sea Wall, Capable of Lifting 100 Tons
at 70 Foot Radius.
BUTTERFIELD & SWIRE, Agents,
HONG KONG, CHINA & JAPAN,
TEL ADDRESS: "Tkoudock, Hong Kong."
Tarmon: 30211
Case. Pass: "O" Owan “Axs. Pennane,”
HONG KONG DAILY PRESS, TUESDAY, AUGUST 23, 1932.
L'AST OF THE MILLIONAIRES.
ONLY THREE IN U.S. MAKE
£1.000.000 A YEAR.
CRIMINALS THRIVE.
Washington. The income lax authorities *reveal that the depression has unmade Many nillionairca, while prohibition legislation and racketeering has brought many to new wealth.
This is what is causing both the Republicans and Democrats radi- enlly to modify their prohibition policy.
They see the old aristocracy of legitimate trade decimated by the depression, with taxes giving way before the advance of millionaire bootleggers who are dividing thou sands of millions of dollars which the Government formerly collected in liquor revenue.
(47.78
12.50
+1.00)
(10.73)
Money and Markets
A.O.FC. Average of Shanghai Stocks
1930
|TR:73}
TWENTY
[19:00]
MARRE SENTATIVE
18,20
TE AN
1495
(1486)
[6643]
{ts.mo
{tako
In 1928 there were 20 individuals in the United States admitting an- nual incomes of £1,000,000. To-day only three survive. They are John D. Rockefeller, 3..P. Morgan, and the United States Ambassador to Britain, Mr. Andrew Mellon.
11+
CLOSED
21.00
£1.73)
พ.ศ
21.39
$1.00
(10.11
2ta sa)
12.30!
32,15
17.15
HILA
(2180)
23743
CENTRAL RADIO
SERVICE
KING'S BLDG
(Op ve Ferry)
RADIO EXPERTS - WORK GUARANTEED
Hong Kong Weekly
Chinese Political Crisis
Weekly Press
Wealthy Chinese On Trial For Murder
Local Sportsmen
Hong Kong Football Dispute
and
Other Interesting Features..
THE PAPER WITH THE YELLOW COVER
Price :-30 Cents.
Annual Subscription: Hong Kong, 813; Post Freeto any address, $18; Quarterly Subscription, $4.50.
Orders should be sent to the
HONG KONG DAILY PRESS, LTD.,
TELEPHONE: 30251.
11, IOR HOUSE STREET,
NEW ZEALAND'S ANSWER
то
ECONOMIC APATHY
President Hoover himself is now |worth less than 1,000,000 dollars.
· MARRIAGE THAT DID NOT TAKE PLACE,
ACCUSED WOMAN AND RINGS.
of
interim
AMERICAN ORIENTAL FINANCE CORPORATION.
The Shanghai Stock Market was their rates. Ewos eased off due to conditions will now take a turn for inactive at the beginning of trad- the decline in American cotton with the better, unless some political ing, Wednesday, with very small the resultant drop in yarn. Mon-event intervenes, or there occurs in- business done due to a reserve of day's market was featured by a tensification of the anti-Japaness sellers. The trend improved the firm undertone, which was fostered | boycott. Diana Lilian Cook, 22, married, next day, with Ewos in particular by the beginning of September
Those who study fundamentals of Pinnacle Hill North, Barnburst, in good demand, stimulated by settlement business. Ewas recover:
sce defuite signs of the completion was at Woolwich sentenced to four rumours
dividend | ed practically all loss of the pre- of the radical phases of this de months hard labour for obtaining Prices drifted slowly downward vious session. The trond Tuesday pression. Commodity prices seen £33 by false pretences from Thomae Friday in very quiet dealings, Little war again Arm, although business to he stabilizing, some companies Flyn, Southpori-road, Plumstead. interest was manifested in securi- remained on a small scale. Shang- Flyon said that, he and Cook tics by investors and the market hai Lands had buyers at 23 and
are already showing some increase becaine friendly, and there was appeared to drop of its own weight. sellers at 23.23. China Realty had some manufactured lines are ovi în profits. Potential shortages i talk of marriage. He was to proAn upward trend developed on good buyers at 11.30. Intascos were dent and could quickly become ne- vide a home with money, he had in Saturday, although this movement wanted at 4.15, China Finance was tual with normal replacement buy- the bank. He gave wedding and jdid not attain impressive propor- ¦ done at 5.15, engagement rings. Notion of their tions due to sellers not being in- inteaded marriage was given, and clined to operate. Buyers displayed to show a sagging tendency, but
ed more interest he provided Cook with money to
and advanced the general feeling is that business 'the market. buy things for the home.
Later, she told him to clear off immediately" because her husband had returned to her. He (Flyan) had not seen the rings or his money again, nor had be seen any of the things Cook was supposed to have bought for the home.
Accused told the magistrate that Flynn knew she was married. She had sold the rings he gave her, and had spent the money on pleasure Hor husband had not returned to her.
Ever-
Destined to meet the world's increasing need for soft- wood, eighty million pines are pushing their heads up in the most fertile'pine-land in the world.
The forest area of N; Z, Perpetual Forests Ltd. is a scene of GROWTH-of tremend- ous POSSIBILITY. Modern machinery and method is backing a constructive afforestation plan which has sounded its challenge to the serious risk of a world timber-shortage,
Throbbing out its pacan of activity this now, live industry-with Security, Progress and Cortainty as the keynotes of its creative melody-has attracted the atten tion of over eighty-five thousand bond- holders.
A £30 bond-payable by instalments-- secures you one acre of pinc-land planted with over 600 trees, conservatively estim. ated to yield £250 in twelve years or E560 in twenty years.
"This is New Zealand's answer to economie.. apathy. It is your opportunity for wise investment.
High for 1931-32
Low for 1831-32
NEW YORK STOCK
EXCHANGE.
A.O.F.C. QUOTATIONS.
New York, August 20. Dow Jones Averages:
Aug. Aug.
10
20 Change 30 Industrials 66.84 67.18 34 up 50 Rails..... 20.80 30.145 up 20 Utilities... 20.75 20.70 .05 down
Mossra. E, A. Pierce and do. Report.
rising
ing. All these factors now seem to The Piece goods market contin-favour a distinct bottoming out of
August 10, 1932–20.34
Sept.
19, 1931-28.66
July
12, 1932-19.00
August
16, 1939-90.60
EXCHANGE.
·CLOSING QUOTATIONS,
August 22, 1932. On London:
Telegraphic Transfor..... 1/3) Beak Bills on demand 1/3 Book Bills, 4 months'
sight....... 1/4
Credits,
aight
ON PARIS:-
month'
1/12
Bank Bills, on dewind 8 Credits, 4 months' sight 625 on NEW YORK:-
Bank Billa, on demand 23 Oredita, 00 dayn''night, 241 ON BOMB
Telegraphio Transfor Bank, on demand .. ÜN CALOUITA':——
Broadly speaking the market is based on the returning confidence of investors in bonds and also, on hope of an advance in com. modity prices and the belief that Govorunent measures will promoto easier credit and safeguard coros porate financial structures will bo successful.
}871
871
Telegraphio Transfer Bank, on demand... ON SHANGHAI: ----
Bank, at night...)
...}751 ON YOKOHAMA ----
MASI-On demand... 46 On demand
97
ON SINGAPORN →→→
On demand eine
57 Business klone: 700,000 shares. ỌN BATAVIA:-On- demand. 67)
LAST TO-DAY'S ON HAIPHONG:-
Air Reduction
On domand
ON BAIGON-On demand 584
ON BANGKO
On demand... 141 5218OVERRIona; Bank's Buying
Rate punonaayun. 1148, BAR BILVA pat 17 1/18
AMERICAN-ORIENTAL
FINANCE CORPORATION
Agents in Hong Kong →
PRICE. PRICE.
$424 853
Allied Chemical and
Dya
761
70
American Can
528
American Telegraph
and Telephone....... 1000 Américan Tobacco
100%
!
761 76)
Auburn
€3
021
Borden. Company
281
21
Canadian Pacifio
144
142
Consolidated Gos of
New York
871
574
Drugs, Inc.
40% 41
Du Pont de Nemours 35
34A
Eastman Kodak-
-50%
50%
General Electric
18
181
General Foods
281
28
General Motors ........ 130
13
International
Harvester 28%
28#
International Tel. and
-Tol
--111-
Liggett and Myers
58
Loon's Inc.
Pacific Gas and Elec
tric
29
Pennsylvania Railway 181
201 17
Carbon
25/
Radio Corporation
Unión Pheife quidderne 87United Aircraft and
Sears Roebuck
20 Trans
107
A.P.B. &.
United States Steel... Westinghouse E. & M.
*Ex. div.
40%
N. Z. PERPETUAL FORESTS,
LIMITED
Asia Life Building—14, Queen's Rd., Central
Telephone 27824...*.
Asia Lands Limited
algusester Building. Telephone 28820.
Socony Vacuum Corp. 101 101 301 Union Carbide and
Standard Oil Co. of
New Jersey
(Oontinued at fool of hezi colume
HONG KONG STOCK MARKET.
YESTERDAY'S OFFICIAL
QUOTATIONS.
dis
Markets were somewhat organised owing to the wave of selling of Cements und Lights, both of which suffered a relapse:--
Sales.
China Lights (Old); 818, Cements (Combined), 814.30.
Buyers,
Hong Kong Banks, $1,540, Union Insurances, 8-100. China Fire Insurances, Balo. Hong Kong Steainboats, 25. Union Waterboats, $20. Benguet Consolidated, sis). Raubs, 840.
Benguet Explorations, 90 cts. Shanghai Docks, Tis: 5. H.K. Hotels, (old), $10.00. Hong Kong Lande, $75. Humphreys, $15.00.. Hong Kong Realtics, 891. Ewo Cottona, Tle: "14. Hong Kong Trams, $22. Peak Trains (New), 871. Yaumati Farries (Old), 8344. Yaumati Ferries (New) 833- China Lights (Old), 8171. China Lights (New), `817%. Malabon Sugars, 823. Dairy Farms, $27.70. Lane, Crawfords, 833 H.K. Amusements, 8108. H.K. Gort, Loans, 3% premium.
Sellers.
Providenta (Old), 35.10. Chind Lights (Ola), ;919T Hong Kong Electrics, 876§. Tolephones (P.P.;), $23,70.. Cements (Combined); 814.-
OH BOY
These Dairy Farm ESKIMO PIES-
are just great! And only 10 cents each.
THE DAIRY FARM, ICE & COLD STORAGE CO., LTD.
This is the way to open
the new Kiwi tin-
KIWI
BOOT POLISH
FASY OPENING
twist of a coin in the
slot opens the tin and the world-famous polish is ready for use.
A specially prepared
Even dry, cracked leather will soon regain. its natural suppleness after the use of Kiwi- Kiwi puta new life into old leather-keeps new leather young.
KIWI
THE QUALITY: BOOT POLISHES BLACK & TANS
W. R. LOXLEY & CO. YORK BUILDING, HONG KONG
BROADCASTING IN BRITAIN,
POPULARITY INCREASES YEAR BY YEAR..
London, August 12-The Post- master-General,
Sir Kingsley
Wood, speaking to-day at the lunch held in connection with the radio exhibition at the Olympia in Loneon this month, comment on the remarkable growth of broad- casting in the United Kingdom. Ho said that 4,500,000 people paid for wireless sets cach
year and there was little doubt that the num- ber would soon read 5,000,000.
Great Britain was leading the world in broadcasting, he said but the exploitation of wireless WAS only just boginning. Popularity. and progress in the United King dom" owed much to British radio manufacturers who had reason to be proud of the part they were playing in the development broadcasting.