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Saturday, October 26, 1926.
Ninth Moon, 24th Day.
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AUTOLYTA" 20th Nov, Gienos. Havie, fiverpool. & Glasgow İNEW YORK SERVICE.
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Leaves Hongk
Iraves Singapore
AENEAN Oth 'cf. DAI DANTS" 11th Nov,
Hongkong to New York 81 daya.
PACIFIC SERVICE.
v KOBE & YOKOHAMA
***LAJOK"
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Arrives New York 19th I'oc.
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**ANCHISER"
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THE WEEK'S NEWS
大英十月廿六號- 禮拜六日 中華民國已已年九月四日
25 cts.
SATURDAY, OCTOBER 26, 1929.
HONG KONG,
EX-SENATOR FOUND
NOTABLES ON THE MALOLO
BONDS OF INTERNATIONAL. FRIENDSHIP
SPECIAL INTERVIEWS
Mr. Robert Newton Lynch, Vice- President and manager of the San
GUILTY
PHYSICALLY BROKEN MAN HEARS VERDICT
RECOMMENDATION OF MERCY
THE SHARE MARKET
WEEKLY REFLECTIONS AND NOTES
TEMPORARY WEAKNESS
Washington. Yesterday. My Dear Algy-A perceptible Seated in an invalid chair, weakness Was evidenced in the
tor and ex-Secretary of the In-
Francisco Chamber of Commerce, Albert Fall, the elderly ex-Sen-market during the past weak. This interviewed by the "Chins Mail" reporter on board the "Malolo" said-
"San Francisco is sea-minded and world-minded and we have come to visit
our countrymen of the Pacific in a sincere spirit of friend. ship and helpfulness."
"We of the United States fee! that by meeting our fellow men face to face and by shaking their hands we may strengthen the bonds of international relations and friendships."
Mr. Lynch pointed out that. the party of 348 aboard the "Malolo" is drawn from many sections of the United States and represents the cultural, spiritual, scientific and business aspects of American life.
"It has long been the desire of the San Francisco Chamber of Com- merce to sponsor auch n good-will cruise as we are on and it is quite possible that we will come on similar missions in succeeding years."
Mr. Lynch's life has been linked with Chamber of Commerce activi- ties in California for-the past 25 years, He has been Vice-President and manager of the San Francisco Chamber of Commerce for 17 years and is one of the four oldest men in point of continuous service in Chamber of Commerce work in the
terior. now physically broken. is merely a passing phase, and is heard the verdict of "guilty" at attributable to the near approach of the conclusion of the protacted October Settlement Day. trial against him for accepting a
The rates now prevailing are showing hand- bribe of $100,000 from the oil magnate Doheny for the lease of some profits to those who came into an oilfield at Elk Hill in the naval [the market earlier, and it is not oil reserve. The verdict carried surprising, in fact it is healthy,
a recommendation of mercy-Reuthat there be some profit taking. ter's American Service.
SEAMEN'S HOURS
Various Governments To Be Consulted
Geneva, Yesterday.
That there will be an all-round Improvement so soon as this settle- ment is negotiated appears to be the general opinion.
The war clouds gathering around Central China created somewhat of
By the record vote of 76 to 17. Exchange, mainly in the ahures of a panic in the Shanghai Stock the Maritime Conference adopted the report of the committee to the cotton companies. The success. initiate consultations with various of the cotton industry in China is Governments with a view to a largely dependable upon a peaceful conclusion of the convention for country, and consequently any poli fixing the length of seamen's ical upheaval attracts a plethora of working hours-Reuter.
sellers. On account of its recent! sensational rise to 21, Ewo Cottons have remained in the public eye, and understanding of our neighbours its drop from 22 to 164 has been of the Pacific."
equally sensational. They have, Mr. Somers has been Commis- however, now improved to 18 which sioner of Education in New York may be taken to indicate the feel- almost continuously since 1892 ing pervading the Stock Exchange and is the only surviving member in regard to the political situation of the last city of Brooklyn ad- In the North, incorporated as a part of greater a particularly strong feature in the ministration of 1898 before it was Green Island Coments have been market during the week. Large Mr. Lynch was one of four men more than 1,000,000 school children rising prices, and as much as 12.40 He pointed out that there are parcels of shares changed hands at in America who were decorated by in New York and that the city will will now have to be paid for shares. the Emperor of Japan at the time apend approximately $207,000,000 I understand that the Directors of the coronation a few months for educational purposes in 1990. ego. The other three were Chief
have definitely decided to carry on Mr. Somers. believes that educa- without general managers thus en- Justice William Howard Taft, John tion is the function of the in-suring a substantial saving to the R. Mott, president of the Interna¦dividual state and that it would be Company in the perquisites payable tional Y.M.C.A.-and Wallace a serious mistake to place control to the General Managers. This will Alexander of San Francisco.
of education in America under the no doubt be gratifying news to the
United States.
Japanese Decoration
New York.
Mr. Lynch took part in the federal government, with original deliberations of the In-tary of education sitting in
B secre- numerous shareholders of this Com- stitute of Pacific Relations at president's cabinet.
the pany from the point of view of the Honolulu in 1923, along with "The people would
economy that will be effected. Chester Rowell, Ray Lyman Wilbur. action for it infringes on state's ket may be gauged from the sharp resent such The sensative nature of the mar- former president of Stanford rights," Mr. Somera said. University and now Secretary of federal government rightfully over- & Whampoa Docks to the enquiries "The responsa in the price of Hong Kong the Interior, and many other re- secs education matters through the for shares. For months these shares prezentatives of Pacific countries. department of commerce, but any have been neglected, so much so that The institute will meet this year in usurpation of the rights of the one grew tired of glancing at its Kyoto.
atate would be a great mistake, in price of 32% on the nominal column my estimation."
Mr.Somers-has-served under 12 list.
of the Hong Kong Stock Exchange Mayors in New York and never price has risen to 37, and it is Without attracting sellers the has taken a cent for his services. evident from the predominant num. Although an active worker in the ber of buyer that the price will rise Republican party, he paid high further, though I fall to see any tribute to Tammany hall political organisation
a prospect of a dividend for some that "has years. worked Incessantly for the welfare, rights and social betterment of the were negotiated to a large extent as Hong Kong and Shanghai Hotels people of New York."
An Educationist
Mr. Arthur S. Somers, Commis- sioner of Education of New York capitalist, patron of the arts and literature and director of a dozen large corporations figuratively tossed away the keys of his office so he could take his first vacation in 65 years on
the "Malolo" to see the people of the Orient and In other climes of the Pacific.
Interviewed by a "China Mail"" representative he said:
"We do not come as bankers, business men ór Boy Scout execu- tives, but rather as Americans to enlarge our horizons and meet the people of other lands," Mr. Somers {said.
or
well.
a dividend
An Honour Declined
high as 10.60 for cash but they have Mr. Somers, it was learned, was there is a strong undercurrent of since weakened to 10.85. I am told the selection of the Republican buying, and shares are in demand leaders for the nomination for May- for forward deliverles
of New York against Mayor With the prospect of Walker in the coming election. He being declared for the current year, declined, however, due to the desire and the likelihood of a sale being to be free from additional cares of effected of the buses and garages to "This delightful cruise of the public life. "Malalo" under the direction of the
which I referred in my previous His son, Andrew L. Somers, (84), letter, it appears from all accounts San Francisco Chamber of Com- is one of the youngest Congressmen that a substantial rise is expected merce and the American Express in the United States. Company gives us a chance to gain ving his third term..
He is ser- in these shares in the near future. a ready sympathy with the town In Mr. Somers's party aboard the tered in Hong Kong Electrics. The A slight improvement was regis- traditions, folk-lore and art of the "Malolo" Orient.
are his grandchildren, price being now 66% after a large Through personal Andree Meave Somers and Arthur number of shares were absorbed tacts we will return to America in Somers; and kis December with a much better Somers.
Mary which proves, beyond doubt the
COT-
niece,
Neleus Canton Maru
9 a.m.
9 a.m.
Panama Maru Klungchow Beltana
28.
9 a.m. 9am. 2.80 p.m. 4. a.m.
0 a.m. 10.30 a.m.
TO-DAY ONLY
at 2.80, 6.20, 7.15 & 9.15 p
p.m.
Tai Ming OCTOBER
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(Due Victoria, B.C., Nov. 18.) Parcels .......Oct. 28, 3 p.m.
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Enterprise Limited, by DAVID CHRISTIAN WIL801 business manager, at 8a, Wyndham Street, Hong Kong
CARL LAEMMLE presents
"THE SHIELD
OF HONOUR"
With
NEIL HAMILTON, RALPH LEWIS,
An eple tale of Love and Duty. dramatic story, of how the. police accomplish their duty.
AT
THE
MAJESTIC
Nathan Road Kowloon.
enviable popularity of this stock.
An appreciable rise was noticed in Hong Kong Realty shares to 9.95. I understand that this was caused by rumours that the company had received attractive offers for Ex- change Building the up-to-date modern building housing the popa- lar. European department store of Lape, Crawford & Co. In view of a yield of 6 per cent, on the pre- sent markat price. these shares ahould not be unattractive to one seeking a sound investment.
This letter would be incomplete if I did not refer to the defrauda. tion of a broker of 1,000 shares in the Green Island Cements by a Chinese posing as en Influential operator. The easy manner
in which scripe pass from one to an other obviously attracts this class of criminal, and the time would appear
ILLUSTRATED.
25 cts.
LON CHANEY
with MARY NOLAN
LIONEL BARRYMORE
WEST OF
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AT THE
QUEEN'S
FINAL SHOWINGS TO-DAY At 2.30, 5.10,.7.15 & 9.20.
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to be opportune for some reform to with a degree of suspicion, yet, I tors and brokers, and I feel aure it be instituted in this direction would like to see the much talked will be a boon to all concerned and Though I realise the difficulty of of Clearing House come into being encourage forward business. Agi preventing the perpetration of a for all future, settlement days. It fraud in cash dealings, except to could be operated upon a simple nya-
Yours, etc. regard one of unknown standing tem for the protection of all'opera-
BILLY BULLU G
Hong Kong, October. 26
ARE THAN
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