TILE, MARBLE or TERRAZZO
* LINING TO BATES
Charming Colour Schemes
Strast, Hongkong-
The
Hongkong Telegraph.
C. E. WARREN & CO., LTD.
China Buliding.
Tal. 20269
FOUNDED L001
NO
XĦO WATAƒÆŒ# SATURDAY, SEPTEMBER 26, 1931 BETAA
SENSATIONAL RISE IN SILVER IN LONDON.
PARITY DOLLAR NOW
+
ABOUT 1/5 1/4.
LOCAL MARKET TAKEN BY SURPRISE.
THERE WERE remarkable developments in the London silver markets yesterday. Prices were changed with extraordinary rapidity on an erratic market, the tendency being, however, steadily upward. Opening at 1/3ths, an ounce, silver was quoted at 1/72 at the close. The startling rise has taken the local market by surprise and the future is very uncertain.
The dollar quotation opened at 1/2 but small sales were done at 1/3, and on silver parity, the dollar. should really be round about 1/5d! No business was being done, however, and the quotations are purely nominal. This is partly due to the fact that the Shang- hai Market is closed to-day-a holiday-and there is a distinct possibility that on the reopening of Shanghai on Monday, a sharp rise in the dollar will occur.
New York also saw a considerable improvement in silver! quotations, though the movement was not so steep. After some considerable jumping about, the price rose from 29! cents to 31 cents spot at the close.
The advances in London were chiefly due to the absence of sellers. After the publication of the official figures, however, America began selling.
STERLING CRASHES AND RALLIES.
The feature at the close on the London foreign exchange market was a strong rally in the pound which had weakened earlier in the day. The New York rate which was 3.49 this morning rose to 3.775 while Paris rate finished at ninety four half after adverse tendency. Fluctuations are followed without excitement as it is realized that for some days there will be considerable movements in exchange until opinion in other financial centres has had time to accustom itself to new conditions.
The net result of the day's business, however, was that ali cross-rates went against London. New York declined from $3.88 to $3.77, Paris from 98.50 to 96.25, Berlin, from 17 to 15%, and Brussels from 27%, to 26. In New York, sterling was finally quoted at G$3.60, roughly 15s. 10d. rose in London from £5. 3.. 5d. to £5. 14. 9d.
MENACE TO Why the
WORLD.
LORD D'ABERNON
APPEALS.
New Burdens?
Gold
GOVT. FINANCIAL STATEMENT.
Government
Hongkong in
London, Sept. 26. Speaking
the at
American Chamber of Commerce lunch London to-day Lord D'Abernon said there was nover a time when the vigorous exercise of co- United operation between the States and Great Britain more important than at present.
Uur civilisations were
WAH
more than paid its way in the first half of the current financial year.
*
·
A crowd of hooligans assembled yo sterday afternoon outside the Japanese Club in the Whitenway, Laidlaw
Building.
Part of an anti-Japanese mob on warpath yesterday). Note the bamboo
pola,
FALSE ALARMS: NEW PHASE IN H.K. DISTURBANCES.
H.K.F.A. ASKED TO CANCEL THE ENTIRE SOCCER PROGRAMME.
SINCERE'S "LOTTERY.”
The Magistrate's Finding.
836 PER ANNUM SINGLE COPY 19 CENTS . .
LOCAL BRANCH.
Bulls and Inners
From the Office Butts. 00
The taxi-driver who tried to The China Association in Lon- trick a police officer was on the don la setively concerning itself wrong metre..
over the silver problem. The Hongkong branch seems to have 口口
*:
Seems to us that overy time-withered, Britain's Scottish Premier goes on
holiday something goes serlously A slip that passed in the night: One of the two bullets went. wild, the other striking her corset
|wrong with England.
☐ ☐
៨ ០
As things stand at the moment and glancing off without injury. of writing, we don't know whether Shanghai paper. that loud report was a car back. Aring, a Japanese massacre or a As we see it, owing to the stabiliantion myth exploding. financial crisis it is certain that all stocks will go down except looks like
the Entente those that go up. Discordial in Manchuria these days. ២ ឆ
It
ם ס
•
A Super-Optimist:-The
cen.
It's all very well to ridicule the Oxford accont, but maybe if you'd tenarian who ordered a new suit been born with a silver spoon in with two pairs of trousers.
your mouth you wouldn't be able to talk properly either.
ם 0
All the wireless loud'speakers In
"I know nothing, and what is a building can be stopped by the more I don't intend to," said n working of an electric lift, says man in court recently. Why this au article. But everybody can't man is not a Government official afford to have a lift installed. is a mystery,
២. ព
the
The average life expectancy of
"Well, I'm dammed," as Kowfoon Byewash Reservoir de- an undented motor car fender in clared.
this town nowadays is, three days, 口口
口口
A.706-your-old
British oak tree
NOMINAL FINE. has been felled
to make
roon At the Central Police Court this for morning, Mr. Williams gave his Thus from little a cinema. decision in the Sincere Company lottery case.
ncorns spring
His Worship reviewed the facts } great_O.Ks. and expressed the opinion that the
ៗ . elemtont of skill in no way entered Looka 213 If into the matter, as,, being left in Britain
gnorance of
is
(customers coulThoky day, Igoing to cut out
hit on if except by
ם
cua-
Many golfers find it easier to address a ball a Rotary
Fair Secretary: What did you wish to speak to Mr. Smith about?
Nut Su Fair Woman (wife of Smith): You!
Manilo has introduced U B anti-noise law.
This cnn bo described
as sound legis- 'lation.
口口
The only way to get an old. joke over is to: tell it to a giri with dimples.
This in the seuson when it
la vory difealt
man
to sympathize with the who is out of work. ព ជ
possibly have the cuckle and it had been argued by defending loane
pure chance. get down to the Counsel that lottery must Exter tially entall
risk a of loss to the purchaser. His Worship on the evidence, which disclosed that discount was given to the tomer, agreed that no such risk than was incurred but held that It was Club tiffin. not necessary that the buyer of
goods should incur loss. bring the scheme within the legal suffer chronic thirst. MacWhirter merchant's daughter, but she kneir
A doctor says that teetotalers definition of # lottery where says he enjoys it.
-the ropes.
Apparently an easy way to see After anakes (pickled in spirits) is to Another
harm
CALLOUS ASSAULT THIS MORNING. kas
afraid.
to
She was only the elgar-
spirits,
entered ከዛ 31 strong
□ □ A traveller says that Tibetans After quoting an authority in don't kisa
each other. Aupport of his decision, the Magia-seeing some Tibetans we don't call at the University. trate held that the scheme came blame them. within the meaning of a lottery.
way would be to stay in town and When managed by a
Jike Sincare's,
he observad
In his broadcast talk on Tues, drink the alcohol. ne day, on the poisonous snakes of
口口 could have been done, Hongkong. Dr. Herklots appears to raising spirits from hell. It is A local case this weak referred that if to have made no mention of those more usual to, ralan bell from allowed it would lead to emula- with pink and yellow stripes. Hon
in ene
undesirable form The Hongkong police weathered the anti-Japanese or other by other concerns and Figures with accentuated busts demonstration crisis last night with splendid success, with less serupulous attention to are now the fashion, says a ladies' but it is feared that the trouble is by no means over,
details.
Journal. One place at any rate and as a precautionary measure, the Inspector-General fine of $10 and promised to give
Ifia Worship imposed a nominal where there is no depression. of Police has requested the H.K. Football Association to Mr. Hin-shing Lo, who appeared
☐ ☐ The foreign relations of most cancel the opening matches of the league season arrang- for the defence, a stated case, on countries these days seem to be
application. ed for to-day. Another game, scheduled for to-morrow, is to be postponed.
earried out in Kowloon this morn- "Practical jokers" have now ing. the victim being extremely entered into the struggle between fortunate to escape as lightly as he the police and demonstrators for did. the preservation of peace and erder in the Colony, and present
a new problem for the harassed
The figures are to-day disclosed in the Gazette. They show that authorities. menaced
This morning, a telephone call Police Station (presumably by a
by a very grave danger. Stability the credit balance at the end of was put through to the Central
had been lost and we suffered to June was $10,566,014, compared Chinese) warning the police of a day from a violent world deflation which it was indispensable to with $10,676,115 nt the end of fracas in Pottinger Street, clnae to
the Tokyo Hotel.
The Incident occurred in the vleinity of the new buildings which are in the course of construction) near Victoria View, A Chinese, armed with an axe, rushed out on the Japanese as he walked past, and struck him on the head with the back of the weapon.
NEW SHANGHAI INDUSTRY.
VICTOR FACTORY
SCHEME.
(Our Own Correspondent).
Shanghai, Sept. 20. Within ninety days, Shanghai
cords, as the Victor Company is starting the industry here.
correct not by local currency men-May.
The injured man collapsed under sures, but by a widespread agree-
A van, loaded with an Revenue during June totalled gency unit, together with plain the ground, a gang of collies hurl-will hear home-made phonograph re-
emer-the blow, and as he lay prone on ment to re-establish the price) lovel, onabling debtors to pay and $2,445,495, against $2,107,837 for clothes officers, immediately rushed stones at him. potential buyers to resume ac-the same month last year, while ed to the scene, only to find the tivity.
place perfectly quiet, and without
It was far more by the restora-.
the respective expenditure figures evidence of either a disturbance
Buildings Searched.
A factory and presaling plant is Pingliang and Ningwa Roads, in being erected at the corner of
tion of trade activity that the com.were $2,555,696 and $2,194,360. having taken place, or of one being tered the attackers, and callod for the Yangtazepoo district
mercial world could be saved, than by any now restriction.
On an estimated revenue for the whole year of $27,488,759, the in- He maintained that the clear
for the first six months objective for New York and Lon- don must be the restoration, of totalled $15,812,386, which com-
were
come
pares
were
threatened.
Strong Action.
to
the ice, whose task during
An
with
the Magistrates charged either with disorderly behaviour or maliciously damaging property,
serious view to be taken of the The police in all cases, asked for
the situation, and applied for offence, in view of the gravity of
exemplary -punishment. The
Children Demonstrate. (Our Own Correspondent.)
poor-ones.
D
}
As we understand a depression, it's a period when people do with out things which their parents never had.
D
Now that Jack Dempsey has got This divorce, he's finished
altogether with the ring.
DO
(There has been considerable controversy over the dinin of the Jockey Club clock.}
"The subject of the meeting's
Dials,"
And as it was announced- The stewards gazed around with
amiles,
At samples so pronounced.' Said one "I cannot read the
hour, "When
Thou looking from the Peak,
using glassea plus eight power, "And
they're by no wenk
4
means
Some thought that colours would
be best,
Gone is the sign that created &
din; And raised such a deafening
shout.
But I don't intend to rub it in- Now that they've rubbed it out!
-CYN.
man who
The Fire Brigade attempted suicide by swallowing a police whistle was probably deter mined to breathe his last on a good note.
By sitting on gold, France and Amarica seem to have hatched a monetary crisis.
០. ០
We have been unable to verify the report that a local sergeant major, recently strolling on the Peak, Inatantly sprang to alten. tion on hearing a deer bark in tho vicinity.
ᄆᄆ
Speaking about the share mar- ket, Peak Trams are always going up and down.
With this awful world depres slon now is the time for cinema actresses to pawn their stock of wedding ringe.
Insomnia is Incurable, when a
With gaudy lights at night; man can't sleep when it's time to Another heaved his manly, chest, get up. And called for "Block--and
White" The chairman fancied gold and
peach, "For they"--Bald be "have
charms;"
You can't destroy a class system where everybody hopes to bolong to a class higher up next year.".
A Greenock
gineer who aix
A passing European civilian at the police, who, upon arrival, comit. ed the new buildings in search of those responsible for the outrage. The authorities have decided to but so far as is known, no arrests doings, the Police Courts were ᅨ rosult of yesterday's stop were made. take strong action to put to
crowded this morning as interest world prices to the level of 1929..
any attempt to fool the police, and it with $12,323,652 for the was stated this morning, that an had recovered, and was able mostly boys, who were taken befora In the meantime, the Japonesa centred on some forty Chinese, This was the level to which wages, debts and other contracts
{sumo period Inst ́year.”
appeal would be made to the Hong-mp home without assistance. kong Telephone Company adjusted, and any violent dopart- The year's expenditure la esti-
endeavour to trace the people who
More Rescues. ture from it either upward or mated at $29,787,855, and for the put thr
through false emergency calle. downward involved a grave dan half-year the outgoings
Shock attendant on an assault ger of serious social disturbanco
$14,609,061, as against $11,221,- thing but easy, are very indignant emerged from No. 61, Winglok two days has been any by a mod which set on her as she and conflict,—British Wireless,
over this now phase connected Street, where she had. sought tem- with
Lporary refuge yesterday, caused
and holding to ransom of Mr. Ar
The Inter-Department lawn bowls was rescued from her assailants
Trutor
Japanese woman, Sho thur Sopher has been frustrated by match between the Warders and the
"The Silver Ring” was broad- the arrest of five Russians and the Hongkong Police, which was
to by a police
east by the Government Studio on The man who laughs up his seizure of thres pistols and amunit- have taken place "to-morrow after-
----Shanghai, Sept. 20,- Wednesday. You can hear it any sleeve knows where his funny- ion; as well as incriminating docu-noon at the Police Recreation Club who in Bowring Road, Kowloon, aged between seven and twelve, Hongkong
Club complexion for a Japanese man Over ten thousand children, day when you offer a shopkeeper u bone is.... ments, in the past 24 hour
has been cancelled.
dollare Two Russians are held under a As we go to press, we
that yesterday found himself, in the marched in procession through
Many an arm of the law has big, writ of detention issued by the the football match between the midst of a howling mob. He was Shanghale streets at nine o'clock A doctor says that a baby should feetf Special District Court, wifle the Malayan and Hongkong Ubinees rescued by t the police, who subse; this morning, for the purpose of be rocked with an up-and-down others are detained at the Central teams will be played, as arranged. quently reinforced by emergenc attending a monster mass meeting motion instead of from side to An American writer says that, Police Station.
at the Chinese Recreation Ground side. For the best results the fiction is turning to idealiam, West Gate, where there were young mother is advised to Too bad and just when, the kids Imagine that her offspring is a dry) were getting a working knowlers Martinki
SHANGHAI PLOT.
FRUSTRATED.
ATTEMPT TO KIDNAP FOREIGNER.
(Our Own Correspondent).
218 in 1930.
The police believe they have Shanghal, Sept. 26. broken up a gang of daring. Harbin plot for the abduction kidnappare.
Hongkongpanese fooling the removal to hospital of Tomato cases are proceeding...
A Callous „Attax
Patterson perilous
drafts from the
Water Station, broke up the gatheri by (diat
At the
He scorned the thought of one teen years ago left for "America
· has just wriitan his first letter home to his sister. It is thought that he was curious to know if it' was still raining there.
clock each, For fear of false alarmat
.-CYN.
១០