DAILY SHARE QUOTATIONS
HỒNG KONG STOCK
EXCHANGE.
Buyer Baller
Bajou
TUESDAY. OCT. 4.
· 90 ata.
144
$145 $4.95
$75)
SHAREBROKERS ASSOCIATION.
Buyers datara
Banks
ELK. Banks
Do. (London)...... Chartered Banke....
Mercantile Bks.
Bank of East Asia... $108
“A”
"0"
China Fit Corp, Ord.
Do.
Insurances
$1,375 Canton Insurances...
$2.PU Venezuola Gold Fils #2.20
$40
12.30 Shangha! Loons
Rauba
Tronoh Mines
Benguet Explorations
Docks,
Wharton,
H.K. & K. Wharven.
Providents (old) ...| $4.85 | $6,95
Godowns, sto.
41
$148
25
$2.35
Do,
326
H.K. W. Docks
(NOW).
M
$10
8. China Motor 'A'
$8
Do
"B"
$19,10
**
1.90 Shanghai Docks
T.s!
Now Engineerings
T.110] Hongkawa wa
Landa, Hotels, and
- Bulidings
$12.40 H.K; Hotols (old) $12,10)
F.K. Landa................ 176)
T. Shaugbal Lands...
Da.
(new)
Sales Jomina
HONG KONG DAILY PRESS, WEDNESDAY, OCTOBER 5, 1932.
MONEY AND MARKETS
EXCHANGE
HONG KONG STOCK MARKET
YESTERDAY'S OFFICIAL
NEW YORK STOCK
81,635
214)
A.O.F.C. QUOTATIONS
Lar
New York, October 3. Dow Jones Averagès :-:
An
Oct. Oct.
3.
1.- Change. |$1,41030 Industrinis 72.09 71.21.88 down
20 Rails......*
34.80 33.47 1.13 down 20 Utilities... 31:88 31.71.17 down Messyo, E. A. Pierce and Co. Report.
It is impossible to see any change in the market, which seems almost entirely professional and the only
QUOTATIONS
casier tendency prevailed hroughout the day, resulting in prices giving way in some instances on a dull market:--
Bales,
Union Insurances, $510/513. Douglages, 3841.
H.R. Steamboats, 1931) H.K. & K. Wharves, $146. Providents (Old), 85.. H.K. Realties, 89.80. Ewo Cottons, Tis. 14. Yaumati Forries (New), 834). Hong Kong Electrics, 877. Cements (Combined), 814.50/14.85. Watsons (New), $11.80.
Buyers.
Hong Kong Bapk, #1,615. Underwriter, 82.90.
Ugion Waterboats, 8291. Bruguet Explorations, 20 ota. HE. & K. Whoryes, B118. Providents (Qld), HM,
Hong Kong Trams, 822 Yaumati Ferries (Qld), 835. Yaumati Ferries (New), 834).
2012 Lights (015), 918.
BRITISH STOCKS IRREGULAR
N.SM. CONVERSION SCHEME
BRITISH WIRELESS SERVICE.]
RUGBY, Oct. 3.
The British stock markets were to-day rather irregular, due to scattered selling. British Govern- ment stocks generally receded one- eighth to a quarter, with War Loan quoted at 100 7/8.
Australian bonds were
B
firm
market on the coming New South Wales Conversion Leau. The Дua- tralian Government is the first bor
The rower to take advantage or
removal of the ban on new capital issues, and underwriting was to-day in progress for the issue to-morrow by the Commonwealth of five-year 34 per cent. bonds at 973 per cent, The proceeds will be used to re-
ECONOMIC CRISIS IN TRADE BLOCKADE
L
CHINA
CAUSES GIVEN BY PARTY OFFICIAL
FINANCE STRUCTURE
UNSOUND
Nanking, September 27-Speak- ing at the weekly memorial service at Central Party Headquarters yea- terday. Mr. Tang Yu Jon, Chief Secretary of the Central Political Council, declared that the present economic crisis of the country is no less acute than the crisis arising from Japanese military aggressions.
The most conspicuous manifesta tions of this economic crisis, accord-
ing to Mr. Tang, lie in the fact that China's trade balance shows க excess of imports over ex- parts to the staggering amount of $840,000,000, Of these imports, the major portion consists of foodstuffs and raw materials, which shows that in spite of her vast resources
and her being essentially an og cultural country, China has to de-
EXPANDS
SIXTY MORE GUILDS JOIN SHANGHAI BODY
Membership of the Federation in Support of the League Coven ant, which was started by over 70 local guilds for the purpose of en- "blockadio" forcing an economic against Japan, has now increased
to over 130 guilds in Shanghai and over a score of chambers of com- Herce in various parts of the country.
..
The latest adherent to the Fed- eration is the Hankow Municipal Chamber of Commerce, which, in a telegram to the Federation, ex- presses its full endorsement of the
aims of the Federation. The Han kow Chamber points out that the League of Nations has been creat- ed to safeguard peace and to pre- vent a recurrence of the calamity of 1014. Its Convenant has there
foro served as a bulwark of inter- national peace and tranquility. ·
Japan has, however, flouted and destroyed this sacred and inviel-
pay £12,300,000 of New South Wales Pend upon other countries for food able international, treaty by un- aupplies Another instance of the current economic depression in the seantiness of Chinese capital. He
4 per cent. loan which matures on November 1, and the nount of the new loan will be limited to the amount required to repay the pointed out that the Chinese banks can not be compared favourably even with foreign-capitalized banks in China.
okl.
LONDON EXCHANGE RATES
$1,007
£131
229 201
Do.
310
N. O. & 8. Barks
#28
Am. O. Fin.Corp: M
$4,60
Pret
$2,93
010/15
www
5620
Underwriters ... $ Union InsuranJDEN ..... Chins Fires
$510
... $670
$1,250 H.K. Firca
$1,200
4.05
International Ance..
Shipping
$16
Douglases
8931
Steamboats
124 **
$45
Indos (prof.)
65/-
$32
Do
(dot.)
09/0
Shella
847-
门总
Water-bosta
321
Minlag
$18) Benguatāc
$18
thing to do is to wait until the tape gives some clue to the next move-
ment.
27/8
Kailans
951.
7.4 Langkats (single)...
T
Business' done: 1,000,000 shares.
T2.10 Explorationa.......................
T.I
Last Sale.
$104
Oct.
Oct.
16,0
1.
13.
***
Air Reduction
$50)
$58)
Allied Chemical and
$146
$4.05
Dye
801
20
$2.80
American Can
551
041
FR5
$10.
American Telegraph &
310
Telephone
1133
112
Hong Kong Landa, @7pt.
TE
American
Tobacco
Ewo Cottons, Tlg. 11.15.
TI
"B"
818
801
Anaconda Copper Min-
ing
131
12
$11.80
Auburn
541
54
$77
#7711
Borden Company ...
30
T.10
Metropolitan Lands.:
Canadian Pacific
171
1ថ៛ ·
$10
B. Healties.................... $9.9)
$9.90
Ti1.40 Ch's Do.
Chrysler Motors
198
18
1,961
Do. Debontu ca
Consolidated Gas of.
Dairy Farms, 8271.
316
Humphreys ******
$15.00
New York
61
601
Sinceres, 816, 10,
$140.
Asia Realtia "A" M
$28
Do. "R"M
Drugs, Inc.
39
39
H.K. Amusements, 917 ex Div.
$100
Chinese Exfatak .......
Du Pont de Nemours 43)
42
United Thestrés, Tla 8.33.
Ootton Milla
T14.15
T.11
EWOR
114.10
Eastman Kodak
53)
Constructions (New), #1.45.
T14,25
T.68
Bhai Cottons..
F
TI
Zong Sings one
8145
Wing On Textiles(S.)
***
1.84 Electric T10.90 $148
Bond und
Pabllo Ulities
Shure General Electric
341
331
H.K. Hotels (New), $12.10
Paris New York ........ Brussels Montreal..... Genova
24.00}
***
3.804
17.02}
18) 181
Peak Trams (Old), $16.05.
Stockholm
10.50
Tramwaya
$32
$22.10
General Foods
30
30%
$151
371
General Motors
Cements (Combined), $15.
Amsterdamn
8.601
17:
107
Wallace Harpens,#11.00,
Athens
582)
Gillette Safety'
198"
101
Milan
#35)
International
$30
Berlin
070 14.521
Harvester 201
201
$18
SALESMANSHIP AS
International Tel. and
Copenhagen Oslo
Tel.
13#
13.
Vienna
201
Liggett and Myer
Prague
"B".
68
833
2281
Loewis Inc.
32
32
21-
14.
Do.. (prof.)...
Montgomery Ward ...
16)
TACT IN HANDLING THE ARROGANT
Helsingfors
32}
Madrid
42 5/10
Lisbon...
110
Industrials
National Biscuit
401
401
Bucharest
68 1
$27}
Malabon SugarS
012
T.14
Caldbeck, Kord.)
Pacific Gas and Elec-
STOLIDITY OUT of date
Rio
મે
***
ALT
T10
$6
Canton Lees
Macgregor }(prof.)
tric
30
301
$52
Pennsylvania Railway
19
19
Buenos Aires Montevideo
Nominal
30
$11.85 316
14.90/86
Cements (comb.)...
$14,85
(old)...
$2
Radio Corporation
DL
4]
"The New Salesmanship" was
Do. (now)...
ta
Sears Roebuck
251-
241
the subject of a paper read by Mr.
$134
Ropes
Bombay ......... Shanghai
$13
th
Ch: Agriculturɑs ...
Standard Oil Co. of
New Jersey
31
31
Hong Kongin Yokohama
1/66/32 1/91 1/4
1/41
3271
Dairy Farres
007)
IH
$27.60)
$1
Der A Wing....
Socony-Vacuum Corp. 10
Silver (Spot)
$17
$18
Union Carbide and
313;
Ch. Etainment......
$11
$0.70
Constructions, (old)] $3,66
$1.45
Do. (now)
301
Lane Crawfords....
#21
Carbon cennetis $1.45 Union Pacific 781 United States Steel... 431 Westinghouse E. & M. 34
20
281
74
"Many people," he said, "looked upon the retail salesman as a per-
Silver (Forward)
17 11/16 17 13/10
за
***
$22
THE
+1
$15.65
$2
74
Yaumati Ferries(old)
Do. (LOW).
Peak Trama (old)........
Dǝ (now)...
#9: Star Ferric ....... 8911
Do. (now, 34)
China Lights (old)... $16,20
H.K. Electrics ......
Macao do.
stress 110
Sandakan Lights...
1281 Toleptiones (old)......
Do. (now) 1271
China Buses
Tractions
| $17.00
377
-
$16.40
$133
$11.80
$3,35
$10
181
נו
661.
**
pr. 43%,
$10
$340
Da
Miscelaneou
Amuzamente.....
Mackintoshsen
Nanyang Tobacco..
Since res
Watsons (old)
Do. (e)
Wm Powells***
11. Greyhounds...... 8. Kater prizes.... United Theatres .............. B. Ind. G. Bonds... ILK. Gort. Loɑna..... Wallace Harper ..... China Sports Ltd... H.K. Wing On S'bai
Do.
28
$236
$115
:::
$15.70
$13 $12
LOCAL AND REGULAR OUTWARD MAILS,
FOR:
WEEK DAYS,
SUNDAYE & HOLIDATO
THOM
FROM ===|ŠRUUNGWAN *O.P.Q. ·BRANGE 0.P.O.
[HMANOR P.0.
1 7.15 am, & £2,00 L 16.00 pz.
Barabad and Wuchow (B7) 4.00 pm,
direct steamer) ..
Macao & Tulusban '
5.00
(8.35
PO.
(2367.50 18.00pm
F
9.00.36.
(8.30
#
|1.00 pm.
Bundary
8.80 s.m
6.00 poli
6,00 1,20
1.1 pattle
Bundays 8.15.
only 6.00p
{7,00 p
4.00 p
( 7,15 km, &) [ 7.30 1.3%.
{ 1,15 patik..
€ 1,80 p
Longmoon (except Saturdays)
6.00 p.m.
6.00 p.m.
7.156:
∙1:00 prose
0,00 %
9:00
9,00
$.00 p
Kaukong (except Saturdays). Fatahan and Washow (By]
Trin) lo
1.00 pm. 15,00 pute
6,00 p.
7.168.1.
11.03.20.
-11,00 1.10. $11.00
&5,00p.m.
ELDO KIG
10.30 m3/
Lonly
Malabon Sugara, 1971. Cements (Combined), $14.95. Cementa (Old), 811j.
Sellers,
AN ART
H. J. Clarke, of Messrs. Selfridge &Co., Ltd., at the Drapers Cham ober of Trade Summer School at
Balliol College, Oxford, recently
NOT ENOUGH TO SHOW GOODS
"ADVERTISE THEM ALSO."
tomer."
[BRITISH WIRELESS BERVICE.]
Rubgy, October 3, #8 7/32 3,458
10 9/32 10.85
1101
The causes of this economic crisis, Mr. Tang continued, are highly complicated. He mentioned the following as being some of the more noteworthy of such causes (1) natural calamities and bandit activities, (2) political instability, (3) lack of good communication facilities, (4) decline in the value of silver, (5) unsoundness of the
bridled military actions against Chins. In order to preserve in- tornational pensé and China's ter- ritorial integrity, there is no other
course but to unite the people in fighting for the support and pre- servation of the League Covenant, the Chamber states.
Inquiries at the offices of the Federation have elicited the in- formation that detailed measures. for the enforcement of the propos- ed economic blockade" against Japan are being drafted by the Planning Committee, which is com posed of business and professional leaders of recognised standing. It is stated that in carrying out the the Fodera-' currency system, (6) multiplicity of proposed "blockade," taxation, (7) failure to use scientifiction will keep ite activities strict- methods in the operation of varily within legal limits, ous productive enterprise, (8) pre
valerico of speculative enterprises, and (D) lack of sound organisation in the country's financial structure: As a remedy for this stato of afinirs, Mr. Tang" suggested, among other things, the improvement of communications, increase of the food produce, and introduction of better system of taxation.
MANILA RAILWAY FINANCES
3% ON PREFERENCE CAPITAL
A
FRENCH COTTON IMPORTS
RESTRICTIONS, IN FAR EAST.
Paris The French quota system applies not only to France but also The Journal to her colonies.
"publishes now list of Officiel sestrictions on the imports of for- several eign cotton yarns and classes of finished cotton goods into Todo-China, The new restric tions apply to the period July December, 1999.
EXCHANGE.
CLOSING QUOTATIONS.
Cctober 4, 1035. Ox Lampoy:-
Telegraphic Transter.: 1/33 Bank Bills, on demand 1/3) Buck Bil
night
Credità,
sight
On Fax:
months'
*** Bank Bills, on demand seri Credits, months' sight 629)
ON NEW YORK:
...
Bank Billa, on demand 281
Credits, 40 dayn' night. '23] · BOXNX
Telegraphie Transfor
Bank on demand'... CALE Telegraphic Treatier 1854 Bank, pa demand
MORAL **
the second place the company's in- come is received in United States dollars, which produced a larger O sterling equivalent in the period under review than in the preceding On demand... year, owing to the suspension of Or Mania-On demand.... 154
ON SINGAPORE:-- gold paymental
OM YOKOYAMA !!
London, Sept. 16-It is nod possible to make a fair comparison of the results disclosed in the ie son whose job consisted in handing ality. They should beware of the accounts now published of the out the article asked for, perform danger of attempting to standardise Manila Railway Company (1003) ing the technical operation of mak- the human element. The most with those shown in the last report ing out a bill, and wrapping and valuable contribution this genera. In the first place the latest accounts handing the purchase to the cuation could make to the great calling cover the 18 months ended Juno 50,
of retail distribution was to raise whoress the preceding financial OR That robot-like form of activity salesmanship to a higher standard period was of 12-months, while in could not and must not enjoy the of effectiveness, to surround it with title of salesmanship. It ranked no the dignity it deserved, and to make higher than the mechanical move of it a bit of human activity, with ment of a slot machine and one of not only the purpose of a satintas London, Sept. 10.--Sir. Charles the advantages of that machine was tory reward hat the esteem of the
world at large. Higham, speaking at the National that it seldom made an error. He
During & discussion Mr. Clarke Display Convention at Guildford was convinced the the time was
not for distant when they might said that although it still bip yesterday, said that just as the book for some sort of diploma, some Press was the cheapest way to precognised indication that the faten: pleasure to read a letter from plain the merits of goods to the man possessed a full and suficient customer in appreciation of a sales millions, so was the shop window knowledge of the mercabedireman's service, he remembered that Bought to sell. Bervice salesman. the most effective place to let the ship was something more A person who would take the trouble public see the goods themselyss refinement or fad. It was de to write such a letter must have
Anitely s part of the cost of the been a charming person to serve, Small shopkeepers wore learning to
commodity offered for sale and The real test of salesmanship, copy the beautifully arranged win without it the customer failed to dow displays of Harrod's Austin Reeds and Selfridges and the other big stores.
Thanks to this development, how over, and to the wine pplies pur. On his koka pa
ON SAIGON-in huand sued by the directors it can be said
On demand eryt that the company has definitely im-BANGKOK proved its position. For the 18 months to June 30 income from Boviniurg Seok a Juring boldings in the Manila Railroad Company of the Philippine Islands produced £341,555; the correspond ing figure for the preceding 12 months was £207,409 and the in- side of the counter. It comes when crease plainly reflects the fall in "The Shopkeeper is also learn
Only few yours ago. footwear there is a question of a battle of sterling as well as, the longer ing to advertise bis window could be termed almost utilitarian wits and of turning down an arrog- { period. said. Ep is using the new Its main purpose was protection ant or bad-tempered customer. An papers as he never did years ago, from wet and cold, and p limited assistant who can send dway with
get the full value of the purchase, be continged,
is not whether
The basis of the service must be person can quickly and charmingly
WRS
a complete knowledge of the mer-react to the customer on the other chandise which the salesman bandling.
In recent years the income has
He knows now that it is not enough number of skins were used in the amile a customer who entered the been only sufficient to cover Income To-day shop frowning is for more valuable tax interest and sinking fund process of manufacture. to show the goods; he must tell footwear was essentially an em of than one, who is just a doler out charges, expenses, and a dividend people where-hi-shop is and to fashion, and it had been described of goods. The first objective of tire
to the millinery of the feat salesmen and woman should be to of 1 per cent, on the Preference come and see them be is turning Fashion, with its everlasting claim get fate the right atmosphere with capital. For the past 19 months,
hopp into "Certainty in his for novelty, had caused thee matiti the customer selling "The dealer who sells facturers to seek new materials.
When you see that puperiority however, it is possible to pay a of character in a safe man you hit dividend of $ per cent, on the Pre- branded advertised goods, who
Technique Selling
have prodhuesa a' type that will be forende ppital and increase the shows them properly in his win-careful instruction ought to be of great value in your banesa sum carried forward From £6,627 dans, who uverti in hin local givets in the technique of selling, There must always be conscimusly to 300g the balance of papers and courteous to hie sus and that phase of business, educar sub-consciously feeling of sátis | after protiding, toy s]} charges business. It on ought to take into account the faction et having won such a on expenses amounting to En tomers
tremendous importance of person test, and this one of the joys that against £10,981 for
19 months Dever fails!
*(Vontinued on meet column.): come to a loamiko.!!
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