12.
DAILY SHARE QUOTATIONS
HONG KONG. STOCK
EXCHANGE.
Ballers Valse Nor
$1,650 ..... 1.
$596
***
TAR
+
21171
213
TUESDAY, DEC. 13.
~Barks
H.K. Banks
SHAREBROKERS ASSOCIATION.
Do. (London)... Chartered Banks... Mercantile Bks. “A”
Do.
Burers Cellera
Balm Womina
$1,655
HONG KONG DAILY PRESS, WEDNESDAY, DECEMBER 14, 1932.
Money and Markets
NEW YORK STOCK EXCHANGE
A.O.F.C. QUOTATIONS
223
202
144
£23) 201
1108
Bank of East Asia...
$109)
N. O. & 8. Barka ...
$7.30
(REUTER'S AMERICAN SERVICE)
$20
Am. O. Fin. Corp: M
1,8
China Fin. Corp. Ord.
T. 4,60
Do Кольгалом
Prof.
New York: December 18
Dow Jones Averages; High-1032
Low: Dec. 10
Dec. 18
30 Industrials
88.78
41,92 €1.95
€1.48
$1,315
Undarwriters
20 Rails
41.30
13.23 27.57
$7.87
$2.95
Change 33 ap .30 up
20 Utilities
30.11
$120
16.53 27.61
97.03
40 Bonds
83.26
65.78 77.90
77.57
$825
.38 up- .37 up
$1,40
+
5890
$1,330 Canton Insurances.
$2.50
1830
Union Insurances in Chins Fires
$1,100). H.K. Firos”..................................... T.435 International Asson.
Shipping
Douglass * 1281
$201
13 ota
T2.10 Explorations........
T2.30 Stinnghai Leaus
$1,15 inuba...
**
***
minn á qui mgumuīm niinin pumalang
E. A. Pierce and Co. Raport. To-day's session throw little fresh light on the market situation. We believe that the ropular mind still con- tinues to place great importance on the War debt payments, over which there appears to be no apprehension in financial circles. Business Dona: 920,000 shares.
Dry. #
Low Prs. SH
3.00 Air Reduction
6.00 Allied Chemical & Dyo
American Can
401
1
www
$23)
Steamboats
345
Indos (pref.)
*37
Do. del) on
05/
1032
LAST BALE
80%-
HIGH
48/14 Shells APTIT
1 Dec 10 Dec. 12
Waterboats
48].
62!
314
$371
Mixing
BO
$184
Benguets.....
1420Venezuela Gold Fids,
$18
TO
4,00
$4.16.
93/0
Kailans
714
9.00 American Tel. & Tel.
1074
107
25/.
TJ
Langkats (single)...
44
5.00 American Tobacco "B"
60
50%
T.
3
Tal
Anaconda Copper Mining
8
&
1817
287
4.00 - Auburn
T.9
30
$11.00
2.00. Borden Company .......
24
Tronoh Minoa
71
Canadian Pacific
134 13
Benguet Explorations
18,6
1.00 Chrysler Motors
10)
18
Books, WharTOO,
31
4.00 Consolidated Gas of N.Y,
531
40
Godowns, ste.
4.00 Drugs, Inc.
33%
331
3143
H.K. & K. Wharved.
$145
2.00 Du Pont de Nemours
37
372
14.6)
Providents (ald) ...
#4,60
30
3.00 Eastman Kodak.
341
34
$1.60
Do.
(now)...
$1.80
5
-6% 8. Electric Bond & Share
197
12+
H.K. W. Docks...)
207
8+
040 General Electric
18
35
$10
18
8. Cuius Motors ́À”
Do
39
199
2.00 General Foods
241 213
89
71.00 General Motors
13!
191 T6,30
ID
1,00 Gillette Safety ......
-18)
10 1.90 International Harvestor...
-2...
International Tol. & Tel....
Si
32+ 4.00 Liggett & Myers "B"
538
531
H.K. Hotel
19.80
Du.
(old) (new)
3.00 Loew's Inc.
93)
23
| $10.18) $10.20
-
$9.85
Montgomery Ward
141.
11
$76
.H.K. Lands
207
$78.36
2,80 National Biscuit
301
40
T.13||
Shanghai Landa
162
2.00 Pacific Gas & Electric
201
201
Ti
Metropolitan Lands.
Pennsylvania Railway
141
142
$71/7,80
H.K. toalties...
T11,40
China.. Do
$7.60/. 60
Radio Corpn.
க
5
'Seara Roebuck
*1.901
Do. Debentures
201
21
192
1.00
Standard Oil Co. of New
$14.90
Jersey
314
0.40 Socony-Vacuum Corpa.
.gi
1,90 Union Carbide & Carhan.
6.60 Union Pacific
72
12
United States Steel. -Westinghouse E. & M.
2281
| $10.30)
T.90 Shanghai Docks
T6.20 New Engineerings T.125 Hongkow ........... Lands, Hotels, and Buildings
***:
mmm mm
*
Humphroys
M$140 Asin Resiti "A...
Do.
IM128
T14.40
Ewca
T731 S'hai Cottons.........
T.
Chinese Extated.
Dotton Mija
T.14
Zoung Binge .......
$130
Wing On Textilas(S.))
T.73. TH
$140
Fubllo Uutis
*201
Tramways
$20.65
$15)
Pork Trams (old)...
$16
$8
Do.
(now)...
371
Star Ferries *****
$92
$341
Taunali Forries(old),
$34
$33
Do. (DOW)
$1380
Do. (now)...
3761
$30
Jacão de
#19
PRIJAT
$1385 China Lights (old)... $13.85 $13.76 $13.70
H.K. Electrics *****
Sanduican Lights .....
130 Telophones (old) ......]
Do (NOW)**
China Bases ............
...
$12
Ch: Agricultures ...........
FR$
*#$**$9.7-9548-738-88-988-66 785**
152
...
PRINCE'S PLEA FOR MODERN TONGUES
WHERE BRITAIN IS BACKWARD
HAPPY HOURS IN
OXFORD
Oxford. Tha Prince of Wales spent several happy hours here re- visiting his old college-Magdalen- and recalling his undergaduate days.
He came to open the new oxton- sion of the Taylor Institution, the centre of the study of modern lan- -guages in Oxford. In his speech there he reaffirmed once again his conviction of the vital importance of learning modern languages. -
"It is in the office and on the road, rather than in the work- shops." he said, "that wo and it difficult to compete with other na tions.
"We have millions of capital' in- vested abroad in railways, mines, and other undertakings, but what is the use of sending out managers and aganta who do not understand. the language of the country?'!
Essential for Trade,
In trade, in scientific research, and in international relations, the Prince continued, foreign languages | were essential. -
"I know from my own experi ence," he said, "what a difference it makes if you can speak to the foreigner in his own tongue, Bar- riers acem to fall, the ico is broken.
Great mistakes and irreparable harm, may be done if negotiating parties do not fully understand. Asch other's idiom. Not every word has its exact equivalent in. another language; and often a mero shade of accent or phrasing may alter the whole sense.
"As a result of my travela," the Prince declared, "my intereat in modern languages has grown year by year. I am glad to learn that the School of Modern Languagen which, in my undergraduate daya was still struggling for full recogri tion, is now one of the larger schools in the University."
Recalling that it was his own col- lege (Magdalen) which had been the first to teach modern languages, having appointed Giovanni Florio,
HONG KONG STOCK | LONDON EXCHANGE | the translator of Montaigne, in
The investiment section, on the other hand, would seen to be hold- ing its own, though quiet.
8, jog 63 11/18 13 21/32
18,301 10.99)
19.374
27. nom. 1101
MARKET.
[BRITISH WIRE 8 SERVICE. J
YESTERDAY'S OFFICIAL
$15
75.50%, 85
REPORT
Ruany, Dec 12.
$28
325
T.10
21.
Tractions
19/-
Do. (pref)......
Industrials
827
Malabon Sugars
326
14
Caldbeck,
((ord.)
T10
Macgregora Jpect.)
56
Canton Ivan
$5,90
Coments (cunb.)...
310.00
Bu.
(old)...
Do.
(new)...
Lopes
112
MISCHULADORS :
Dairy Farma
$28.50
น
Der A Wings......................
Once more the attention of the market has swung round to the speculative, issues, which have suf- fered a further sot-back to-day, China Lights, Hotels, Cements and Realties being sold down to 13, 89.00, 89.00 and 97.40 respectively, and nt equivalent rates for Decem ber January.
Among the lower- priced issues, Ropes, which have been dormant for some time past, were booked at $11, the nominal quoted rate having been 812.
Paris New York Montreal Brussela Geneva Amsterdam Milan' Berlin Stockholu Copenhagen. Oslo Vienna Prague
831 3.96
3.781 20.541
19.05
Helsingfors
2:28
Madrid
40.
04
Amusements..............
Lisbon
1071
$13.40
Ch. Etainment...... $13Į
+21
Constructions, (olds
3816
Athens
595
31:40
***
$1.30
Bucharest
5671
35.40
11.20
Belgrade,
2424
Nanyang Tobacuu.....
$18.40
$10.40
$3.30
Wm. Lowells comer
812i $3.20
Bales,
Hong Kong Banks, $1,655. Providents (New), $1.60.
Rio
Buenos Aires
Now.
Montevideo
Hotela (Old), 810/10.05
Bombay
30 nom. 1/03/16
$10,
M. Greyhounds......
2. C. Enterpriser
Ewo Cottons, Tin. 14.40.
Shanghai
1/9
1.52
United Theatres.......
Cements (Combined), 10.10/9.90.
Hong Kong
1/4
697.
B. Int. G. Bonds...
70%
+
H.K. Gort, Loans... $101)
Buyers,
Yokohama
1/30
Wallace Harper......
$10
China Sports Ltd....
Hong Kong Banks, 81,650.
Silver (8pot).
17
$235
HL.K. Wing Qu
$235
Union Insurances, '8320.
Silver (Forward)
A'bai. Do.
$215
***
Douglases, 820).
Benguet Explorations, 23 conta.
Chinese Estates, 108
EXCHANGE
Ewo Cottons, Tis. 14.30.
WEEK DAYS,
ĮSUNDAYS & HOLIDAYE
Star Ferries, 890.
FOB
FROM G.RO.
YKON SERUMOWAN |BRANOR P,O.
FROM G.P.O.
SHEUNGWAN. BRANCH P,0.
| 7.15 xan, & | ƒ 7,00 man 17.00 p.m. 6.00 p.10.
(7:15 am. &} £7.00 am, la 15,00p.m.
17.00 p.m.
4.00 pan.
4.00 p
9.00 1.2.
27.
preid.
Ho
$21
$161.
$12
Do.
(ADW){ $1,20
Lane Crawford.....
Mackintosh..........
Bincerca
Watsons (old
LOCAL AND REGULAR OUTWARD MAILS,
Karbon
Bamuhul and Wychow (By)
direct steamer),
Men & Trintah..
7.15 am,
.****
{ 4,88 p,m,.
17,80 a.m. Es po
6.00 p.m.
· 4.00 1.10.
Longmoon (except Bakurdays) Kankong (v cept Baturdays). Paishan and Wunkow.'(Dy?
Train)
7.15.10.
-:1,00 p.z (9.00 m.
8.00 p.k.
1.00 pm
4.00 pm
8,00
··12.30 htt
9.00 pm
£00 pm
6,00 p,b,
1.15 pe Baadays 8.15 am I only
8,00 p
1,00 patte Арабкуя 8:30 am pally
6.00 p 6.00 T
7.15 am.
11.00 -9.02.10
11,00 m (11.00
1 & 5.00 pm
-8.00 #1
-10-20 m
(11.50 1,16)
Telephones (New), #2). Dairy Farms; 6281,
Govt,--Loans;. 2) per cent. Premi
Bellers,
Agriculturals, 88.
Constructions (Old), 86" Wallace Harpers, 810.
AMERICAN ORIENTAL FINANCE
CORPORATION
COMPLETE SERVICE
A complete brokerage service for New York-Brooke- available at our local “Agenta -
Ana Lands Limited
Gloucester Building
Daily Quotations sant gratis
[pon request:
nom.
17 9/10
CLOSING QUOTATIONS
weber 13, 1932 ON LONDON I
Telegraphie Transfer... 1/8 8/5 Bank Bills, on demand 1/3 3/ Bank Bills, 4 months'
aight .... Credits, 4
sight
ON NEW YOR
months'
1/2
1/44
· Bank Bills, on demand 21} Credite, 60 days' sight. 29) ON PARIB
Bank Bills, on demand siri *. Credits, 4 months' sight 682) ON INDIA
Telegraphie Transfer. Bank, on demand ON SHANGHAI:
On Demand ON KOIB:
On-demand- ON MANILA
_On, demand ON. SINGAPORE:
On demand OK BATAVIA
domand
On demand ON BANGKOK *On demand
Bovezzione, Bank
Bata BAX:BUYER'S
Тел
SEQUEL TO THE OTTAWA IMPERIAL CONFERENCE
OFFICIAL LIST OF NEW AND INCREASED
PREFERE
COLONIAL OFFICE STATEMENT
The Colonial Eecretary has forwarded us the following tabla of the principal products of the Colonial Empire showing the now or increased, prefarences granted in the United Kingdom, the Dominions, India and Southern Rhodesia since October, 1931, or to be granted in accordance with the Ottawa Agreements.
per
FOODSTUFFS
16.-United
Kingdom ed.; Newfoundland 4c. India 2.; Southern Rhodosia 2d.
lia 3d por gallon; India 10 per cent
Fish, Dry Salted and Unsalted.
United Kingdom 10 per cent. Canned Fish.-United Kingdom 10 ad valorem; India 10 per cent..
por cent, að valòrem; "India 10 per cent.
Coffee per lb.-United Kingdom 14. (increased from. Id.) New Zea- land 1d.; South Africa Id. OTHER AGRICULTURAL AND Newfoundland go. Indla la.;' Southern Rhodesia 1d.
Cocoa per lb.-Australiad. New Maize, flat-white-United Kingdom | MISCELLANEOUS PRODUCTS
Zealand d.; Southern Rhodesia id.
Rum per gallon. or proof gallon (according to the method of as- sessment employed)-Australia Ba.; New Zealand 48.; India Ra. 3:12; Southern Rhodesia 38. Wine
per gallon.-United King-. dom 2. (increased from 1s) on Empire wine not exceeding 29 of proof spirit, over foreign wine not exceeding 25° of proof, spirit.
Sugar per cwt. of a sugar.-Unit. ed Kingdom 4s. 8.8d (increased from 35 8.8d) with an addition- al preference of Is per cw on a limited quantity, fixed for 1832-33 at 275,000 tons of Co- lonial sugar..
Molasses.-United Kingdom, a con- sequential increase of prefer-
81.46.
Sago and Tapioca Ad Valorem.--
United Kingdom 10 per cent.; Australia 15 per cent.; India 10 per cent.
Sago Flour.-United Kingdom 10 per cent. ad valorem;/Canada a. per lb. (increased from ¿c.); Australis 15 per cent,"
Bananas. -
United Kingdom 28. ed. per owt Newfoundland 10 per cent, ad valorem; India 19 per cent.; Australia will admit 40,000 centals of Fiji bananas annually at a preference of ba 100 per cental.
10 per cent. ad valorem.` Copra.--United Kingdom 10 per
cent. ad valorem; India 10 per cent,
Palm Oil-United Kingdom 10 pere:
cent. ad valorem; Canada (as defined). 10 por cent.; India 10 per cont.
.'
Ground Nuts-United Kingdom ̈10® ́.
per cent, ad valorem. Oil Seeds (Other Than Essential).—
United Kingdom 10 per cent, ad valorem; India 10 per cent. Palm Kernel Oil.-United King- dom 10 per cent. ad valorem; Canada 10 per cent,; India 10' Desiccated Coconut.-United King.
per cont.
dom 10 per cent. ad valorem; Newfoundland te per lb.; In- dia 10 per cent... Cocount Oil-United Kingdom 10 per cent, ad valorem; Cañada (na defined) 10 per cont; India. 10 per cent.
Fresh Coconut-United Kingdom
10 per cent. ad valorem; Aur- tralia is per cwt. ; India 10 per capt
Sisal and Hard Fibres.-United
"Kingdom 10 per cent. ad valorem; India 10 por cent Timber. United Kingdom 10 per cent, ad valorem ;." Austrália (cortain kinds) 20 per cent. Tobacco, Unmanufactured.-India,
rate not yet determined, Tobacco, unmanufactured, entered to be made into cigars- tralia ed per lb.
1585, the Prince quoted his dictum: "I wish them were such a law that anyone who should bring up his children without teaching them Grapefruit.-United Kingdom 68. Cigars. por 16.-Canada
foreign languages should be be beaded."
"Much as I believe in the value of modern languages," he continu. ed amid laughter, I am not pre- pared to go so far.
"To learn a new language is to have a new life opened up to us, to know now people and new modes of thought.
"I have every hope," the Prince continued, that a now foundation which bears my name will enable Oxford to strengthen our, associa tions with the Argentine Republic..
The proposs! made to him a year ago that scholarships at Oxford should be awarded to Argentine students had borne fruit, I am pleased to say that the offer has just been formally accepted by the University of Buenos Aires." (Cheers.)
Oxford's Warm Welcome. The Frince's speech came as the climax of an exciting day for Ox- ford. Crowds waited along the route for hours to greet him an his arrival at Worcester College, where ha was entertained to lunch. Delays on the road caused him to be three- quarters of an hour late,
the
After luncheon he donned scarlet and cerise gown of a Doc tor of Civil Low, and walked in procession with the Vice-Chancellor, Dr. F. J. Lys, to the Taylor Insti- tation, where he opened the door of the extension with a golden Fey. Those in the procession, incinded the Bishop of Oxford, Lord Hugh Cecil, Sir Charles Oman, the Mas ter of Pembroke, the President of Magdalen, Sir William Morris, and Professor Feidler, the hon.. -secretary of the Taylorean Curr-
tore.
After his address the Prince, at- tended by Lt. Col. the Hon. Piorn Legh, drove to Magdalen, his old college, where he opened the new Long Wall Quadtangla and the Undergraduates' Library.
Opening the new quadrangle, the Prince said that members of "col- lege fortunate enough tó, havề rooms there would be sving in com- parative luxury
per cwt.; Newfoundland 10 por cofit. ad valorám; Indin 10 per
sent.
Oranges-United Kingdom 38, ød por cwt from April 1 to November 30, 10 per cent. for remainder of year: Newfound. land 10 per cent.; India to per cent.
Tomatoes-United Kingdom 2d per Ib. from June 1 to July 31, 1d per lb. from August 1 to Octo- ber 31, 10 por cont, ad valorem.
Aus- tralia 28.; New Zealand 24. † Dry Guns and Resins (including
Bouthern Bhodesia 25
balata and gutta percha).- United Kingdom 10 per cent, ad valorem; Canada 10.per cent: Australia 15 per cent.; India 10 per cent. Essential Oils-United Kingdom
10 per cent, ad valorem ; Canada 7 per cent. (increased. from 21 per cent); Australia" 15 per cent India (citronella, cinnamon and cinnamon lesf
for the rest of the-year-Canada-oil-only) 10 per cent.
20. per lb. (increased from 271 Bponges.-United Kingdom 20 per par cent. ad valorem); New cent. ad valorem; Australia 15 per foundland 20 par cent, ad cent. valorem; "India 10 per cent. Potatoes.-United Kingdom £1 per
ton, with a higher rate (48 Bd per cwt) for new potatoes from November 1 to June 30; India 10 per cent. ad valorem; Rice, Cleaned, Husked, etc.-Unit-
Ivory, Unmanufactured.—United
Kingdom 10 per valorem; India 10 per cent.
Cent.
MINERAL PRODUCTS
Asphalt.-United Kingdom 10 per cent, ad valorem; Canada 10 per cent.; Australia 10 per: cont.; New Zealand 10 per cent; South Africa 10 per cent.; India 10 per cent. Copper.-United Kingdom 2d. per
ed Kingdom 1d., per lb. Unground Spices (Including Betel- Nuta).-United Kingdom 10 per cent, ad valorem; Austra- lis 15 per cent.; New Zealand 10 per cent.; India 7 per cent. Canned Fruit-United Kingdom 15 per cont. ad valorem; Canada (canned pineapples) 3c Tin.-United Kingdom 10. per cent. per lb. (increased from Ia); } Australia, specifio preferences varying with the site of the container; India 10 per cent. Honey-United Kingdom 78 per
Fruit Juites.-United Kingdom 10'
per cent, ad valorem; Austra-
CHEERS FOR SIR J.
FRAZER
GREAT WELCOME AT CAMBRIDGE
ad valorem, Mineral oil, petroleum semi-refin
ad-Canada lo per gallon (in- creased from 1.1/100), Plumbago-United Kingdom
per cent. ad valorem; Austra lin 10 per cont.; India' 10 per cont
10
The largest lecture room in the college was too small for this great occasion. It was so full that pro- fessors in their scarlet gowns for- got their academio dignity and sat on the floor among young ander-: gradustes in their anxiety to the lecture,
Sir James, who is in his 79th
Scenes of great enthusiasm were witnessed when Bir James Frazer arrived at Trinity College, Cam-year, was a slight,, venerable "Some of old school will say they bridge, recently, to deliver his first us, with enger steps, he came are pampered,” he observed, "but lecture since the wonderful restora. the lecture room amid a -recalling his own experiences tion of his eyesight. The bell of think that the moral and physical Trinity added its note to the cheers cheers which made him blush, advantage of crossing, two quad- of welcome.
His white hair is thinning. now Tangles on a cold winter morning
The Wyse Lecture was the first and powerful spectacles obscurs the to have a bath can be overrated." which Sir James had been able to twinkle in his bright blue ere
Laughter)
The Prince spent an hour or more skill of a surgeon in Zurich has ever, and his voice, with
prepare since his severn dliness. The this beand is trimmed as uma walking round the college. In the made possible the renascense of one Scotch accent, has lost grounds he met Mr. F. C. Millin, who is considered the greatest fascination which has his old scout and had a long chat authority in the world, on the ous lecture rooms, for - with him. He also had a talk with tome, and beliefs of primitiy Mr. Cookson, he was Dean of the pearl dadu
College when the Prime wheu
de
which; [Trinity,
mous,, was pub
those long
Then he visited the senior and The Golden Bough, "junior common room and talked to made Sir James:
undergraduates and graduates of lished during the last cen the college, recalling his own hap? now " is working on a py-days there. Afterwards he dined tha
ab High"Table"