THE HONGKONG TELEGRAPH. "'UESDAY, JULY 25,
SILVER AGREEMENT GETS MIXED RECEPTION
PITTMAN ON AIDS
TO CHINA
SILVER BROKERS WELL CONTENT
MINERS LUKEWARM
London, July 24.
The silver agreement at the Conference will prove one of the greatest stimulants to world trade yet developed, in the opinion of Senator Key Pittman, who gave an interview to Reuter to-day.
Dr. W. W. Yan, who played an important part, in the final stages of the silver agreement, talking to an Interviewer.:
INVALID VISES
Opinions of other prominent silver advocates reveal less enthusiasm, although the Nine-Power Agreement, or understanding, is generally welcomed as a satisfac-YOUNG IMMIGRANTS TO tory start in the campaign for the rehabilitation of the white metal.
se
BAD SITUATION FEARED
Anti-American Feeling
NEW YORK STOCK EXCHANGE
YESTERDAY'S MARKET
STEADY
COTTON, WHEAT AND SILVER
LATEST NEW ́YORK
, QUOTATIONS
LONDON STOCK PRICES
MÁRKET GENERALLY MORE CHEERFUL
According to Mesars. Swan, Cül- Mosare, Swan, Culbertson and Frita The following quotations on the
Cotton.
Opening Closing Rango Range 10.28-10.28 10.42-10.42
The market: Generally more cheer ful Industrials and Gilt-edged accuri. ties rule firm.
July 22.
£100% 283
burtson and Fritz, the New York have received the following quota-London Stock Exchange have been market was stendy yesterday, Busi-tions on the New York colton and resered by Messrs. Swan, Culbertson ness, dono 3,420,000 shares. The wheat and silver exchange for yeater-ar Fritz in conjunction with Reuter. Wall Street Journal reports:-The day. market was strong due to short co vering led by 'wet' stocks, some of which rollled as much as ten points, J. L. Gago was the notable downward exception and broke eight points due to heavy selling before rallying. The most careful trading was in grains July with closings near the reggel mini-
cum after early rises. Cable re- December ceived at 10.14 p.m. On Saturday January night Standard Statistica Cor-March poration sent a bulletin supple-May ment to ellents advising the use of Spot fifty percent of liquid funds for the purchase of
oil, sugar, rubber, fertilizer, rayon, rail and equipment
Rubber,
and
October
Chinese Bonds
July 21 4%%%- Bonds 1898
(Eng. Iss.) £100 10.63-10.50 10.71-10.73 4 Loan 1908. £ 82 G Loan 1914... £50 10.73-10.75 10.01-10.955% Reorg. Loan 10.82-10.80 11.00-11.00
1913 (Lin. [as.) £ 85% £80 11.00-10.08 11.19-11.20 5% Bonds 1925-47-£ 89% £894 11.07-11.04 11.30-11.805% Shal-Nanking.
10.55
·Hilver'
£ 66%
£11
Railway (Bupl
Loan). £ 17-22 £ 17-22
Shal-Hang
chow-Ningpo
Riv.
£83-83 £ 83-89
5% Honan Rly. £ 10
5% Hukuang Rly.
1011
5% Lung Teing U.
Hai Rly, 1910 £ 12
Foreign Bonde & Banks
Rly.
£ 89%
5% Tient-Pakow
Rly.
£ 3946 £.20-25 & 20-25
37.05
5% Tlont-Pukow
38.15
38.05
Total sales for the day:
5%
9,750,000 czs. (390 Contracts)
Wheat
00
D2
Chicago Winnipeg
7044
784
German 7% In-
06
80%
ternat.
Lean
8:
81%
Japan 5% Sterling
Loan 1907
£ BA
£ 84%
2 DIN
£ 92
ANOTHER FAMINE
shares. Individual choices are Ameri- July ean Sugar Refining Co., Beat Sugar, September Industrial Rayon Corp., American December Locomotive
Co., General Railway Bignal, Goodyear Tire and
Ward, Standard Brands, Montgomery
hore and Ohio, Chesapeake Cor- Baltimore LEAVE COLONY
in poration, New York Central within
the price
range of the last hour of Eugene Sblisky, 29, mechanie, Majorca Island Friday and Saturday's market. Cable July Mr. Pittman declared that al- One prominent member declared and Victor R. Borovsky, of Man-
received at 11.15 p.m. during our September though he had not succeeded in that the plau might tend to relieve churia, gave an undertaking be-
Washington, July 18,
Night Service from Swan,
Culbert October all he set out to do. the sales the pressure upon the price of fore Mr. Wynne-Jones in the Cen-
Reports that an anti-American Saturday's
son und Fritz, New York. Stocki: December
firm agrocment
undertone should contribute silver as a commodity, but it did trai Police Court this morning, feeling is developing in the Island weekend newn indicate
te likelihood Jargely to world trade recovery. not correspond to the Colorado idea that they would leave Hongkong of Majoren and that it may na- Improving prices to-day. Cotton
With half the world knowing no for restoring the of silver for Manila before the end of the sume serious proportions caused Recent breaks largely due to over- other coinage but that of silver, money.
weak, and would not return with the U.S. State Department to send extended buying which will probably the raise in the price of the metai,
out a proper vise to their pass Mr. Clande I. Dawson to the island here is a rumour that the Govern jbe repeated under some circumstances. which ho- foreshadowed, would
WORSE IN LONG RUN!
ports. Both defendants were to investigate the situation and toment will regulate price movements consequently benefit them con-
Ex-Senator Thomas expressed a charged with entering the Colony reach an understanding with the and reasonable profit-taking on ad- Hiderably.
somewhat similar viewpoint. He without a valid passport, and Spanish officials there.
vances is advisable. of modified, was only
declared that the Pittman Plan, as there have been many adjourn- Mr. Dawson is Consul-General Dow Jones Averages:
a palliative.ments whilst awaiting a reply at Barcelona and his report from it He thought that it might
from the Consul General at Mani consuls on the islands indicated 20 Rails worsen the silver altuntion in the l as to whether he really intend that a serious situation may arise. 20 Utilities HELP CHINA.
long run.
d the vises to cover passage. to Mr. George Harrison, the chair-la British Colony.
Five Americans were arrested a 40 Bonds The stabilisation of the price, man of the Denver Chamber off
Juneau The magistrate explained that month ago and accused of attack- Alaska he added, would help China to pay Commerce Minlag Committee, de-a reply had been received, in ing a civil guard. One of the pri- Allied Chemical &
Mining Co. off her debts and would assist theclared that the plan was all right which the Consul General stated souers is a society woman, Far East in many other ways. as far as it went, but it did nothing that although he was almost aure
Mr. Pittman paid a tribute to for the bimetallic policy it advocat the delegates of other countries Cd-Reuter.
In his opinton, the price silver was exactly half what should be.
for their assistance, especially to
Mr. T. V. Soong and the Indian de
legates, whose spirit of co-opera-CONSTABLE tion convinced him that they would not fail to reach an agree ment.
NEW YORK PLEASED.
In New York, the agreement is! regarded amung the silver brokera
A COLLISION
evon
SAVES
AS RESULT OF HIS VIGILANCE
as the most constructive develop avoid a collision with defendant's "I was compelled to brake to
30 Industrials
Dye... Reports received to-day said American Can that he told them they could go to that there had been some rioting Amer. and Foreign Hongkong, he told them they and that five more Americans had Power would do so at their OWIL risk. been arrested following an altercn- Amer, & For. Pow. His Worship remarked there was tion in a cafe.
American Metal Co. 15 have been a mistake in the defend- erowd stoned the home of Mrs.
American Sinciting 30 the possibility that there might It was also reported that a American Tel. & ants' minds from information ob- Theodore Pratt following the ap-American tained outside the Consulate. He recorded
Water- conviction against both on the ground that they must have known they came here with out valid passports.
REPATRIATION.
A reply having been received
ал emergency
rent silver legislation in Congrener" remarked Traffic Sergeant from the Consul at Amoy regarde
Wenslede prosecuting a private caring, permitting war debts to be paid driver, Au Yeung-ching, with dan- which was issued by the Consul gerous driving in Des Voeux Road.in 1929 for a journey to Singapore
The
in 50-cent silver.
The interpretation placed upon) the agreement is that the market will have to absorb only the new production during the next four years, which is regarded ለ። a notable gain in view of the heavy stecks lying idle in India and else- where.
case
works Anaconda Copper Atlas Corporation There are few Americans on the Auburn Automobiles 40% island and most of them are liv- Baltimore & Ohio bances are reported to have taken
Bethlehem Steel
place.
**
FEARED
DROUGHT IN TRANS-BAIKAL REGION
1924
Japan 0% Sterling
Loan 1024
$ 28
28
£ 12
Industrials & Breweries
Associated Elec
Industries
Brit-Amer. Tob.
J. & C. Conts Courtaulds
Hurbin, July 21. According to travellers froni Distillers Manchali, Trans-Baikal is auffer-
from intense heat and a record-breaking drought.
General Crops in some regions are Impl. Cher. In threatened with complete destruc. 864
tien, and farmers fear another Impl. Tobacco ... severe faming this year-Rengo. Internat.
21/- 20/-
104/9.
10879 108/0
July 22 July 24
C Eng. &
32/6 31/-
G9/-
69/9
BB.42 14.32 47437 29.68 32.18
04.28
27/0
38/-
70/3 767-x8.
87.46
Rubber
33/- 34/
87.50
207- 20/
in
...
43/- 42/-
PH
27%
Guinness
0476 95/-
113
124
83%
dustries...
29/41⁄2 29/10%
104/9
Тов
10%
13%
Stores
20/8
234
26
28/7x4
18
Internat. Nickel,. § 20%
$ 1944.
Pinchin Johnson
32/-
81/9
35%
Kennecott Copper.. 10
2074
Lehman Corporation, 54.
65%
Turner & Newall 31/0
32/-
1182
120%
Liggett and Mycra
Unilover
23/3
28/
Miscellaneous
Tobacco
pearance of an article by her hus band in the American Mercury, American which was interpreted as friendly, according to reports.
80%
8344
B
87
897
Anglo-Dutch
17/
Locw's Inc.
21%
244%
Burma Corp. ...
Lorillard Pr
20%
21%
-10/- 13/42 18/7.5
21%
01
Canadian Pacific
un-
15%
McIntyre Porcupine
18
12%
18%
Mines Ltd.rd
33%
Rly.
$ 184 $ 1741⁄2
5414
Montgomery Ward 20%
Gala Kalumpong
22
National City Bank 21
Rubber
18/- 18/
32
25%
20
National Distillern
08
78
Tropes Mines
18/9
13/4
322
37%
New York Central..
39%
434
Borden Company.
20/6
30%
32%
26/6
North American Co. 26%
2824
Warner Canadian Pacific
Railway
13
· 16%
Owens-Illinois Glass
12/9 12/6
Co.
70%
764
24/-
23/
15% 724
10%
Pacific Gas
&
68/9 59/9
69%
Electric
25
27/2
Cor-
ton, Mr. Edmund Blodgett and Mr. Roderick F. Mead.
Chrysler
poration
Columbin Gas and
Electric Consolidated Gas of
New York
30% 2756
134321%
20
39 314
Pennsylvania Rail
road
3314
34%
Phillips Petroleum
11%
137
Reynolds
Royal Dutch
•Tobacco
46
40
Sears Roebuck_...
312.
30
Shell Union ......
7%
.8
61
Secony
Vacuum
Continental Oil
14
18%
Corporation
11.
12%
Corn Products
75
70%
Southern California
[Dougias` Alreraft
124
13/4
Edison
22
234
Du Pont de
Drug Inc. Nemours 672
454
48%
Standard Gas and
71%
Electric
184
14%
Eastman Kodak
6716
78.4
| Standard Oll Go. of
Electric
Bond and
NJ.
33%
35%
Share
22
20%
Texas Corporation
21
23%
General Electric General Foods General Motors
24 804 35 25%
Texas Gulf Sulphur 25%
20
Union Carbide ́and.
Railway
12% 20%
326
Unq. 22
37%
Carben Union Pacific United Aircraft and
42.
1114
444 113%
Trane.
30
United Corporation
30% 10%
Gas
Im-
provenient
201
Har
20
82
32
U. S. Rubber
35%
U. S. Steel Universal
Leaf
18%
Tobacco
15 40
Westinghouse E.
M. Woolworth
18% 521⁄4
38 42%
40% 44% 42 44%
.21%
-18 54%
The prisoners who have been came before. Mr. only, the case in which an Indian, held in the Palma gaol for several Case, National Bank 2744 Schofield, at the Central Magie Karma Bux similarly charged, was weeks are Mr. and Mrs. Clinton tracy this morning.
dealt with, and a conviction re- Lockwood, Mr. Rutherford Fuller ke
Government did not want him in
Defendant agreed to repatriation
CONFERENCE
Sergeant Wenslede added that gistered. the defendant was on the South side of Des Voeux Road near bility of this man having
Magistrate-There is the possi- Pottinger Street, and suddenly ac-misled:
been colorated without giving any war- Det-Bergt. Mottram said the HOAX ON WORLD BIMETALLISM ISSUE.
ning, and shot nerons the road.
The defendant admitted the Hongkong. The absence of
от agreement supimous and was fined $30. establishing a definite ratio of Chan Ting-wong, the driver off to India, silver ns part of the currency a private car, was fined $25 for backing of the signatory nations is having driven in a dangerous man- regarded as unimportant in view ner in Pokulum Road near Aft. of the probably salutary effect Davis Road. Traffic Sergeant Ho- which the present agreement will well prosecuted. have upon market conditions.
It is, in fact, believed in New
York that such a pact, for the use
DANGEROUS SPEED.
Trafic Sorgeant Clarke sum-
KYOTO PROFESSOR'S
CLAIM
CURE FOR LEPROSY AND TUBERCULOSIS of silver as metallic currency back-moned Lam Yuk-him, the driver of fng, is a likely development of the a private car with having driven
Toyko, July 19. near future.
Prof. Shinkichi Horiba, of the at a dangerous speed in Whitfield, Imperial Kyoto University, and an MINERS LUKEWARM.
The defendant was stated to authority on colloid chemistry, have overtaken a public car near claims to have discovered a 100 per The Denver, Colorado, mining Bay View polico station and tra- cent, anti-leprosy and tuberculosis industry, generally speaking, has velled at a speed of 30 miles to eure. given a lukewarm reception to the the Electric Company, Ho sald The treatment consists of an agreement, which does not go far his master was swimming, and injection of a compound of colloid, enough to place thom.
was in a hurry to get back. Igold and chaulmoögra,—Router.
We have N&W made SUBSTANTIAL REDUCTIONS
IN THE PRICES OF ALL OUR...
Cakes
Pastries
and
Biscuits
LANE, CRAWFORD'S
CAKE DEPARTMENT
Main Store Kowloon Branch "Corner House”
RURITANIA SENDS
RESOLUTIONS
London, July 21.
Significantly dated April 3, an General
קת
amusing series of typewritten re- Signal solutions, emanating from the Gold Dust "delegation for Ruritania," were Goodyear Tiro and found amongst the documents of Rubber the World Economic Conference International to-day.
Cement ... official documents, the resolutions International Nickel : 10%
Bearing every appearance
International of vestor.. include restriction of supplica of International Tel. & all essential commodities, destruc- tion of surplus stock which might Johns Manville
Tel. be used by starving nations, in- crease in tariffs where complete embargoes are not practical, and
deferring of all action on
on currency
problems.
un-
The practical jokers are known, but all the Conference is chuckling-Reuter,
PRINCE GEORGE
HONOURED
INVESTED SENIOR GRAND WARDEN
London, July 19. Prince George, third son of the King and Qucon, was to-day In vested Senior Grand Warden in the prosence of 9,000 Free Masons, including the Prince of Wales, the Duke of York and Prince Arthur of Connaught, at an e- pecial Grand Lodge at the Albert Hall. The Duke of Connaught presided.
The delegatos included a number uf. members of Grand Lodges in Canada and Atalrattaf de
During the course of his speech the Duke of Connaught tenderod his congratulations to the Grand Lodge In England on the comple tion of the Masonic Perce MemorialRouter":
United
21
£ 20
Langlaagte
Estates
London Tin
Rubber Trusts...
Shal. Elec. Constr. Van Ryn Deep
Olls
Anglo-Persian Off
Burmah Oil
Shell Trans. &
Trad.
33/14 38/9
41/8 40/-xd 70/101⁄2 77/6
51/3 49/44
JEWISH WELFARE
BANK RAIDED
BERLIN ACCOUNT SUSPENDED
Berlin, July 18. Secret police to-day visited the Berlin offices of the Jowish Welfare Society, a clerical organi- sution to help Jews in distress, and suspended its bank account of 80,000 markaj -- Mal
The money had chiefly been sub scribed by sympathisers in Eng- land, and America.
Negotiations to effect the release en the money have not yet succeed- ed.-Reuter.
The Drink a Man Rem
e members
NER