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HONG KONG.
FIERCE FIGHTING
COMMANDER OF CHINESE LANDING FORCE KILLED
HASTY REINFORCEMENTS
Tokyo, Yesterday. Messages from Harbin to Renge atute that oficial Chinese quarters ro- port fierce fighting "in the direction of Sankiangkow," on October 15, in which the commander of the Chinese landing force was killed, and his fores defeated.
The Chinese are hastity winforcing The lower Sunguri defences, to which paint a contingent of Kirin troops de- parted from Harbin to-day,
Tea neroplanes are also being sent to the lower Sunguri shortly, while rine gunboats are concentrating at Fuchin..
Flagship Sunk
Mukden, Yesterday. Admiral Shen Hung-lich reports that the Red flagship was sunk at Labasusu. Admiral Bastotchko, com- manding the Red fleet in the Far East and four staff officers were killed Reuter.
Sinughter of "White"
Mukden, Yesterday. Four thousand Russians,' represent- ing all classes In Harbin, have tele- graphed to Presidents and Prime Minis ters in all countries, stating the grue- Home details of laughter and tortur ing of the White Russian population by the Reds in the Three Rivers re- gion.
The sunders appeal to civilised na tions to protest against such atrocitles, and appeal to the Chinese Government to appoint an international commission to investigate the facts, also to request charitable Institutions to sid the re fugees-Reuter
GRAFT ALLEGED
POLICE & BANKS IMPLICATED IN.RUM-RAID
$2,000,000 PROFITS
New York, Yesterday.
followed the
Startling revelations
raid on the rum-runners fortress in New Jersey.
1
It is announced that books were found, apparently implicating seven New Jersey hanks, membora of the
ahle attorneys
RETREAT OF REBEL THE SHARE MARKET
SOLDIERS
TROOPS RECALLED
TRANSFER OF UNITS TO CANTON
INDICATED
WEEKLY REFLECTIONS AND
NOTES
BRIGHT FUTURE
Hong Kong, Oct. 10, 1929.
My Dear Algy,
I
was unavoidably absent from
[By Our Political Correspondent.] past fortnight, and was, therefore, pre- |Hong Kong on urgent business for the
vented from writing to you last Satur- New trouble for the National Gov-day. On my return I was delighted ernment in the shape of the to alaserve an apprecluble increase in matiny at Wahu, on the Lower the market quotations of most stocks. Yangtze River, appears have This is attributable mainly to the xan- passed, for a Royal Naval communi-ational drop in the Exchange rate- que issued to-day rends:-
which, by the way, was long overdue.
Presaing Necessity
of
The position at Wuhu is easier. The opinion is fairly generally ex- It is reported that rebel soldiers tempt is being made to place the Hong pressed that now that an honest at (formerly under Fang Chen-wu)Kour dollar at its true value, the low have retreated. The origin of rate of exchange which must inevit- the trouble appears to be some-ably prevail will, (a), attract money what obscure, but it was most to the Colony for investment, and, (b), probably due to the troops.being substantially increase the profits recently expelled from Wuhu. It many local companies. With regard to is not anticipated that the pagi- (a) this has already commenced in 3 tion will become serious."
small way, and promises to increase as Exchange declines further to the parity Yet there must be some pressing of the British dollar which is around necessity, else Marshal Chiang Kai-1/85. Further, 1 am told that the shek would not have so precipitate for the past few years, appear to have Chinese, who have been shy of shares ly recalled the two divisions of Northern troops he sent down very signs of ever increasing interest in regained confidence, and are showing recently to Canton.
the market, It is not surprising. The transfer of these units to therefore, that Brokers on the Rialto Canton indicated, at Grat, that are being kept fairy busy endeavour- Chiang Kai-shek intended to holding to cope with the demand for scrip. Kwangtung to the last, if needs be. Taking all in all, the future spells But, like the Legions withdrawn BRIGHTNESS, und is being looked from old Britain when the Roman forward to with a spirit of cheerful, Empire was tottering to its fail, the optimism. Northerners have set sail from Can- ton, possibly never to return.
The rise of $1 in Hong Kong Trani- ways is perhaps indicative of the General in Tears
rumoured, Intended acquisition of the General Chan Ming-shu (Civil buses appeared on the road the Tram- Hong Kong Hotel buses. Since these Governor) is stated to have been in way Co. has suffered. It is obvious tears when he received the order to that if they do not intend losing fur- ship the Northerners back "as their ther ground they must either purchase services were urgently required at the opposition buses, or form a new Pukow," atates the "China Mail" bus company for the purpose of (1) political correspondent.
acquiring the Hong Kong Hotel Com- Arrangements have now been pany's automobile and hus business made and it appears that Chiang and all its appurtenances, and (2) the buses now operated by the Tramway Kai-shek is anxious about his own Co. position, causing him to leave Cat Karily be commensurate with the size The capital, which must neces- ton to its own fate as regards the of the undertaking, will, I think, be invaders (like the Saxons), hover readily subacribed by the two. Com ing in the distance, in the shape of panies concerned or their respective the Ironsides, who will have less re-shareholders, and I feel sure that a sistance to meet.
.No Decisive Move
Hankow, Yesterday.
company formed for such a purpos will be welcomed as being a practicable solution of a knotty problem. Such a scheme, if carried through, will with-
United States constguards, and reputį. So far as can be ascertained, the out a doubt renew the confidence of vanguard of the Kuominchun is at the investing public in the shares of present at Yenshib, on the Lung-the two companies concerned, though har Railway, while the
I am inclined to believe that Hotels, Nationalist troops comprise, the ciata anore in proportion to Tramways. nearest being a lower priced stock, will appre forces of Tang Seng-chi, who ocHotel shares are cupy Heishihkuan, west of Cheng-$10%, a shade over par, and from all now standing at chow, No decisive move has yet accounts will rise further. been made by either afde.
Local New Jersey police are also said to be involved in the activities of the rum-running combination, whose pro- fits in six months have been $2,000,000, af which the leaders shared 23 par cent-Reuter's American Service.
The "Shawnee" Incident
Washington, Yesterday. Acting on instructions
from Ottawa the Canadian Degation has asked the State Department to re port with regard to the "Shawnee"! incident. Reuter's American Sor- viee.
[Captain MacLeod, of the motor- boat "Shawnee," declared that on September 19, he was fired on with out warning by à U.S. const guard cutter 26 miles off the New York coast.]
APPOINTMENTS
As
Rumoura seem to play an important To Support Nanking
part in the market price of China have received a telegram from Yen risen $14 sinee my last letter.
Local military officials claim they Light and Power shares which have Hai-shan declaring he will support long as the application of the Hong the Government. Ho Cheng-chun Kong Electric Co. remains under con- Peking to assume command there, ahead, and intending investors will be is proceeding to Chengchow from sideration there is danger coming and it is stated that the 63rd and well advised to adopt a cautious policy 64th Divisions who now occupy
and not be carried away by rumoura Chengchow, will be ordered to ject of rigging the market to the band. that are being spread with the ob- move westward to support Tang at of a vicious ring of speculators. Seng-chi In checking the Kuomin
Hong Kong Electric shares con- chun invasion.
Hinue to rise and are in strong demand The position here continues at $86, an appreciation of $31⁄2, I am quiet. Almost all available troops told that these shares have risen have now left for the front, secom.purely on merit which will take them His Excellency the Officer Admin-panied by several foreign advisers, higher. intering the Government has ap. and numbers of seroplanes, The I believe I am not wrong in stating pointed Lieut.-Commander Thomas stage seems all set for the com-that the Hong Kong Ropa Manufac Charles Stiff, R.N.R., to be an mencement of hostilities-Reuter. turing Co. is the only stock parti- | Assistant Governmant Marine Sur- veyor (Nautical Surveyor), Harbour Department, with effect from October 10..
His Excellency the Officer Admin- Owing to unforeseen circum-the present price of 18% would appear latering the Government has ap-stances the Committee of the A.D.C. to be low and a rise would seem to be pointed Lieut.-Commander Lionel have regretfully decided to with-immediate. Moore Bridge, Royal Navy, to be a draw the production of "And So To Chino Providents and Kowloon member of the Harbour Board, with Bed" which was arranged for Wharfs are apparently gaining mora effect from October 16.
favour each day, and I am grouping them together because of the similitude of their business. Considering the nature of their business and the fact that the first named company is not as yet in position to declare a divi-, dend, I am led to belleve, that the rise In these shares is particularly signi» ficant owing to the opinion that the natural corollary of the reversion of the Hong Kong dollar to parity is a trade boom in the Colony..
NO A.D.C. PRODUCTION
November 16.
TO-DAY ONLY at 2.30, 5.20, .7.15 & 9.15 p.m.
'THE
FOURFLUSHER'
With
GEORGE LEWIS & MARIAN NIXON.
A spirited comedy-drama of a youth who lived down a reputation as a fourflusher and used his own brain power to ring the bell of
success.
AT
THE
MAJESTIC
Nathan
·Rand:' Kowloon
cipating in the general rise that is still! below par. In view of the possibilities of this company coupled with the pros- pect of a dividend of 50 cents paid in respect of the current year's working,
Hong Kong Land Investments prov |ed a strong favourite, and the rise of $4 is generally appreciated by many genuine investors. For the past few years the shares of this company have. not been subjected to any serious fur- tuation due perhaps to their being un- attractive to the speculative element. Owing to the soundness us there shares I believe that further rise may be expected in them.
The market for Hong Kong Banks and Union Insurances appear to ba largely regulated by the price of the Hong Kong dollar, and paying as they do sterling, dividends they soon follow-
AT THE
WILLIAM HAINES
JOAN CRAWFORD
in
THE DUKE STEPS OUT.
QUEEN'S
TOM MOORE
AND BESSIE LOVE
AT THE
IN
"ANYBODY HERE SEEN KELLY?"
WORLD
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JOHN GILBERT
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AT 9.15 P.M.
WARWICK REVUE CO.
"N’EVERYTHING”
| A popular pot-pourri
OCT.
19th
FINAL SHOWINGS TO-DAY Continuous Performance from 1.15 to 11.15
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ed an upward course when the dollar ing serious competition from can sensitive shares listed on the Rialto commenced to, decline.
tries with a gold currency, I am told they rose rather sharply to $11.80, no
It is argued by many that the drop that they socured Exchange in the I am told - large paresla of shares. In exchange will bring untold benefic new machinery prior to the drop, and changed handa, alt: Somced dis to the Green Island Cement Co. who their investments have improved com
Yours, etc.,
have for a number of years been fac, alderably “in value. Being the most
BILLY BULLS
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