WHITBREAD'S PALE ALE.
Cooling Refreshing
Stimulating
The Product of the Best Kent Hops and British Malt.
OBTAINABLE AT ALL LEADING
HOTELS AND CLUBS.
Sole Agents:
A. S. WATSON & CO., LTD.
Established 1841.
"HIS MASTERS VOICE
JUST ARRIVED!
NEW
RCA-VICTOR RECORDS
FOR JULY
5. MOUTRIE & CO., LTD.
Chater Road.
FIT IS CERTAIN
WHEN YOU GET
LOTUS OR DELTA
In buying a pair of Lotus
or Delta Shoes you buy
are
style, beauty of line, finish and fineness of leather. But more, you buy lasting comfört as well! Because these famous shoes made to FIT-in SLIM- FORM, MIDFORM and BROADFORM. There is a Lotus or Delta Shoe to fit every shape of foot, thus ensuring longer life, lasting shapeliness-and
comfort always.
greater
SLIMFORM, MIDFORM, BROADFORM.
LANE, CRAWFORD, LTD.
HONGKONG AGENTS.
THE HONGKONG
THE
NEW
1932
FASTEST SELLING
CAR-IN-THE
W-O-O-RLD
REAL VALUE-HER
STOP-LOOK-COMPARE
A FREE-WHEELING
TELEGRAPH.
SYNCRO-MESH
DE-LUXE SPORTS
ROADSTER
WITH
BUMPERS TIRE COVERS SPARE TIRES & TUBES TRUNK RACK & TRUNK
Price $3,060.
May be Inspected at Our Stubbs' Road Garage.
THE HONGKONG HOTEL GARAGE
The Hongkong Shanghai Hotels, Ltd. Incorporated in Hongkong,, Blubba Road
Happy Valley
Mrs.
1932.
DEATH.
*The
M...
DI 24
Thongkong Telegraph
THURSDAY, JULY 28, 1932.,
ignared by Importers and dealers. Whatever the cause may be, it will that foreign scarcely bé denled gooda tan bo obtained without the lenst difficulty. This is the ro- ward of service and judicious nɖ- vertising. And it will only be by similar means that British, pro- ducts will be popularised.
to
DAY BY DAY
EARNEST MEN CAN NEVER THINK
IN VAIN THOUGH THEIR THOUGHTS MAY BE ERRORS.-Lytton.
STOCK EXCHANGE
GAMBLING
WHERE PROFIT-MAKING IS MERELY A MYTH
"YOU
By A STOCKBROKER.
Lane, Crawford'a summier sula) * 70U can't make money in, minde over seven million pounds commences to-morrow.
Throgmorton ur
Wali in three days, the others lost that Street in the Share market, unless amount And more. The Pool
due here
The Ben Line . . Bennider, from Hama via Stralts, is August 10th.
L.
on
All the blame in these matters cannot be laid at the doors of the
you are working with a pool-or operators became rich on the pub- retail businesses. In fact; a much
are on the inside, receiving your lie ignorance. During the rubber greater share of it belongo
informaiton from the operator.oon, one of the clerks employed Then you will need hard caal toin a City oflice reported late for wholesale houses. There are firms Connaught Road between Jackson
Street and Wardley Street has been support your shares in ease things dut. He was "ticked off" by his in this Colony holding valunblo
employer. The clerk calmly told temporarily closed to trafic owing too momentarily wrong."
Those were my parting words him that he did not have to stand British agencies who never think a burst pipe under the rond.
to three friends, each of whom his abuse any longer as he had of advertising their products from
Owing to unforeseen circumstances three years ago could have writ-made ten thousand pounds in rub-
ber. one year's end to another. They
the recital to be given by the Portu- on their cheques for over a quar- are content to
This incident did not need any go on in the good guene Amateurs at the Club deter of a million pounds.
Recreo is postponed sino die.
To-day, one of them is looking | eleverness on the part of the old-fashioned ways of the past,
for a job; the other two are work-jelurk; he took a chance and knew forgetting that we live in times Mr. W. C. Felshow will speak on ing for about five pounds a week enough to get out and take his Dozens of true stories "Druidism" at the usual weekly pub-and are glad to get it. Their profits. which call for other methods. Iulic lecture of the 11ongkong Ledite, the beautiful homes, cars, yachts and can be told of the cleverest mur- fairness to some others, however, Theosophical Society. 17. Queen's everything they had acquired|ket operators who made money
Band Central, to-day at 6 p.m.
with their wealth have gone. for a time in shares, but in the it must be added that there has
It is a huge mistake to imagine end had to go back to their, real come to them in latter years
that by gumbling or speculating business, deciding that it was best real appreciation of the value of
in shares money can be made as a to leave the other fellow to make steady income. publicity. One thing is certain-
It has been made, a fortune in Throgmerton Street. I will give you two; one of a big namely, that if Hongkong is in
. but one must not overlook the fact
that the large winnings made dur-business executive in London, the become bigger *
ing the last Bull market were by other of a professional market.
market
for organised
Mrs. F. X. Monteiro of art Avenue was bitten by a dog yester day afternoon as she was walking along the road. The animal in be lieved to belong to Mrs. Going of Hart Avenue.
Empire gonds, some
Two lenses mounted on brass cells people who did not know enough aparator in Wall Street.
The big business man was the effort will have to be made, back-are reported by Staff Sergeant Dyer, about share operations to fear the R.A.0.C., to have been stolen from the consequenceя of paying ridicul- ed up by advertising giving actual front of the depot werkshop where ously high prices for them. Forpe of whom one reads in books. | He started life by selling news- prices, and by special shop window they had been left after being used in mentis rich and poor to whom papers on the street corners, he
an experiment.
the game was a matter of luck. I found himself a job in an auto. displays. The lead given by one of
disregarded all the laws of economobile factory, and by sheer hard our oldest Arms in this regard
While being driven along Nathan mies and grew richer and richer work and grit he later became Road last evening Mr. “Kid”. Mur-lon paper. wonld, if generally followed, lendrietta Austin Seven caught alight by Fortunately to beneficial results in the general an electric wire fusing.
the slight outbreak was sou extin interests of British trade. ·
guished without any damage being Caused.
Bought in Ignorance.
managing director of the factory. His firm made a lot of money sell- ing motor cars. As he and his If a friend told them to buy co-directors had not had much ex- shares of the Hatry Group, they perience in the Stock market the dit because Mr. So-and-S6 made shares of their company lagged Sincere's rale is attracting crowds money out of them-there was not and were selling on the exchange of bargain hunters, the ladies' day question askeri as to what the according to their true carning proving especially popular. From to shares were really worth, or to see capacity, till one of the jobbers delay to Saturday, special displays of a balance-sheet. To them it was suggested forming a pool and put- goods suitable as presents to parents the same as receiving a tip on ating the prices up so as to make
...
ملكة
The
bottom.
Smashing the Dope Gnags.
"Drug traflickers are in for XAVIER-Died at Canossa Hospital,
most uncomfortable Lime, Hongkong to-day at 8.45 Alberto Antonio Xavier, much elared Russell Pasha. head of the
are on view, and young Jadies are
to buy, which beloved only son of Mr. and Central Narcotics Intelligenes presenting customers with bunches of good horse-bound to win. There the public eager
ig only one known fact, that if you would send the price up still C. A. P. Xavier
flowers as souvenirs, Granvill Road, Kowloon. Funeral Bureau, to the League of Nations
cannot see, the top, you are bound higher. will pass the monument nt 5.30 Opium Committee earlier this year.
The appointment has been announc-10 make money in a Bull market.
Would not Sell, and Lost. p.m. to-day. Hongkong 28th July. And his words have been abun-ed by the Nanking Government of What made them rich then was dantly substantiated by the events Mr. Yu Shun-wah, well known local exactly what made them poor later,;
In the course of events they be- racing owner and jockey, as the they did not know when to take came speculative motor favourite of the past few weeks, which have General Munager
the China profits because they did not know everyone in the factory out of brought disaster after disaster to Merchants. Steamship Navigation the top or when to cut losses be loyalty was carrying some on mur- illicit dope syndicates. In Egypt. Company. Hongkong branch. the notorious Mohamed Mistapha appointment will take effect from out they were ignorant of the gint. When the shares were sell-
August 1.
ing for over twenty times their Nafei, after snapping his fingers
It may be said that I am speak-value the managing director ad- at law and order for thirty years, On turning into Nathan Road, from!g only of the reckless specula-vised everybody to sell out and has been sentenced to a stiff term Saigon Road, Mr. E. S. Franks, of tur. I am not, as, when the boom take their profits: he even went so came, the rich did not buy because far as to tell them that the factory Laichikok Prison, who was driving of imprisonment and a heavy fine. motor cycle No. 176, lightly struck a they had been in possession of could never earn enough divid- He was an enterprising gentleman man who ran across in front of the shares for years. They merely ends to return even five per cent.
The child watched them go up, and as they of the quoted price. who Bloated a shipping company cycle carrying a baby. to facilitate the smuggling
ground and received hnd not bought for the rise, they Lo the Fell aslight injuries to the back of its head felt they were not compelled to earnings, all they knew was that The staff did not think of the drugs. In Paris, a rich American, and was treated by Dr. Asjoe, sell, in other words, they were just the shares were still going up. I cannot be otherwise than who was carrying £16,000 in notes Nathan Read.
as guilty as the reckless specula-1 gratifying to all good Britons to when arrested, has been brought
Their eyes, instead of being on for. At last, all their long held
were According to a report made to the shares
going up. They the company's balance-sheet, were note that the official traile returns to book. This was the dramatic police by Mr. G. White, assistant could see no limit and why should on the tape, and that said, no top! for the first six months of this sequel to the discovery, about six manager of the Green-Egyptian they take profits when by wait- The managing director sold out year show a marked advance in months ago, of nearly a hundred-Tobacco Store, a case of
THURSDAY, JULY 28, 19832.
BRITISH GOODS
smokers.
this morning.
his holdings and took his profits to get a chance
in hard cash-a "clever man. The the importations of British goods board the "Ile de France" at New contain nothing but foreign news
weight of morphine concealed on requisites which was consigned from ing there was
more? Hamburg was found on arrival
He who can see no top and an rest waited just one day too long, into this Colony. If China be York, in cases of children's toys. papers. The discovery was made bottom is usually the one who am the shares tumbled down.
Having unirested money is a excluded, the largest share of our Three Englishmen fell into the when delivery was being taken from loses all his money, just as my
the Kowloon Godowns yesterday, friends did.
great trial. and the managing import trade during that period net at Constantinople. Their
Of the money made in the share director again thought of the com- has to be credited to the United speciality was a mail order business
Charged with the theft of a gold market much has been made by pany. He waited until he thought Kingdom. Two years ogo, the in heroin, an even more dangerous watch valued at $85, Pan, a foki lucky plunges, and the only ones the shares had reached bottom, collected hard went into the market again, and British share was only just over drug than morphine. They had employed in a tea-shop in Shanshuipo, who have really
куля sentenced to six we
weeks' hard cash and have not merely seen bought himself one hundred thou- nine per cent. For the six months many clients in Egypt. With them labour before Mr. Fraser at the Kew-aper profits are the ones who sand for a quick turn-he paid
were associated the sister of one loon Magistracy just ended, it has risen to over
of the men, married to an Italian,geant Tackett stated that defendant have had the money to form pools, cash. But he could not see bot- thirteen
per cent. But whilst and two Grecks. Much of the
had only been employed in the shop It has not been a case of know- tom, he kept buying until he found but because himself in a hole, and in order to Yesterday he was left ing top or bottom, for two days. these figures represent a steady evidence against them was obtain in the shop with another, feki, and they knew exactly how high the save himself he had to put up the advance, it is difficult to see much ed by the Egyptian authorities, when the master returned, he found a share was going and when to get shares for which he had
gold watch to be missing. Defendan-out. outward evidence of large influx but the Turkish police acted with ant was suspected and Inter in- of British commodities. It will, commendable speed. These out-vestigations made by the police re- of course, be realised in this con- standing cases well illustrate the vealed that he had really stolen the difficulties of fighting the drug nexion that considerable quantities
trafe and the absolute necessity of our imports eventually find their of international co-operation. way into the interior markets, Scoundrels of all nationalities link whilst trade stalisties include such themselves together; a Pole was with the American. things as machinery and other in-arrested dustrial equipment, not usually Their activities range over many figuring in.retail business.
to the
countries and continents. The in- The recent Empire Products elaborate organisation and
genious snuggling devices resorted Fair undoubtedly did a great deal to are amply repaid by the fabulous in bringing to the notice of the profits, often amounting to thou- public various lines. of British sands per cent. Thanks goods. More than onc house-excellent staff work of the League holder visiting the Fair expressed of Nations something like a com- such mon front is now being presented surprise that there were excellent
against the drug evil. The Con- products of British
stantinople arrests were made the Colony, origin available in
possible only by the fact that That fact of itself illustrated one Turkey, although not then a mem- thing namely, that there had beenber of the League, was persuaded no particular effort on the part of to work with the League in this shopkeepers to push auch commodi-matter. The smashing of some of ties. But, the Fair did what the the leading gangs is most encour- appetite of British residents for aging. Constant vigilance, nover- Empire products, The pity of it theless, is needed to prevent a re- crudescence of large-scale traffic. is, if we are to judge from
our Even in Great Britain, and cer- own observations and from the tainly in other parts of the Empire, outspoken letters appearing in the drug traffickers are still at large. Press, that these British goods appear in many instances to bo
The Postmaster-General announces stacked away out of sight, and are that letters from Hongkong to the seldom advertised. There are out-Continent of Europe, forwarded by air via Singon to Marsollies, will be atanding exceptions to the rule, transmitted from Marsoilles to their at the same rates as apply admittedly. The difficulty in accur-
to Franch postal matter. -Letters ing Empire goods has led one cor- addressed to Britain will be sent by respondent to masert that the air mail from Marseilles at the rates
already
meaning and object of the rocont aerial
servica
announced $1.85 for the
plus 'the regular |
watch.
Made Seven Million.
paid cash, as collateral. In 1931 the shares made record loss, and as he had no more cash or collateral to In the recent Radio Corpora-put up, he lost his millions. He tion Pool Operations, the Pool is now back making motor cars..
The only time he ever made money in shares was when he was part of the pool,
"How can I word this Invitation so she'll know I'd rather
she couldn't come?"
Willie Win's Wife.
The next is the one of the mar ket operator-let us call him Wil- lie Win. He was the prince of good fellows, and when Willic sald "buy" there was, nothing to it; everybody did and made money. He could switch investors from one stock to another, and could still keep making money for them. He was an acknowledged wonder. Willie started bulling an amuse- ment stock; every day the ticker
its told
Own tale; the price soared to sky high limits and became the sensation of the Bull market.'
Early in 1929 he saw some of his associaten whose judgment he valued reduce their holdings, and ho did the same, becoming a multi- millionaire. Came the slump, and Willie's customers lost their shirts, When the crash was over some group started to try to make another Bull market. Now it was Willie's pet theory to start buying in such a market, and he did. No- body in his group sold when there was a profit showing, with one ex- coption. Willie Win bad a pri- vate secretary-a remarkable and pretty girl; every time he bought she sold and tucked herself away a cool million: Instead of the market remaining Bullish, Win saw it turn Bearish, and with it went all his millions to cover his Josson,
He was one of the cleverest men Wall Street has ever known,. but even he made up his mind that he knew nothing about the An Continued on Page 4.)