1929-11-06 — Page 2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capital

Inrund and Fully Fold-up

Beserta Yunda:-

Berling......8,000,000

Billy...........11,000,000

50,000,000

$20,000,000

Bara Libility of Proprstam... $30,000,000

HEAD OFFICE: HONG KONG.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853, HEAD OFFICE: LONDON. Pald-up Capital

Reserve Fand

Reserva Liability of Proprie-

tors

£3,000,000

‚£4,000,000

.£3,000,000

Agencies and Branches;

ALON STAR

(May alon)

A KUALA LUMPUR

RUCHUNG

THE CHINA MAIL,

COMMERCE

*

AND

FINANCE.

WEDNESDAY, NOVEMBER 6, 1929.

ROUND THE LEADING LECTURE TO ENGLISH AN INTERVIEW

CINEMAS

ASSOCIATION

WITH BLUCHER

"THE STORY OF THE WORD 'TEA'"

COMMANDER OF RED ARMY IN

FAR EAST

BOARD OF DIRECTORS:-

N. B. Browo, Esz.

Chairinas.

W. II. Del. E.

Deputy Chairmez.

Han. Kr. 1. D. P. lleith, . W. L. Pattanden, Reg.

a. II. Compton, Esq.

М. Т. Зайлов, Каф

25, Lander Luxin, Pag.

ANOT

BANGKOK

BATAVIA

T.. Pearce, Lag.

J. A: Plummer, Esq.

4. Waresa, Eaq.

Сын Маладая.

Hen, Mr. A. C. Hymen.

DBANCHES:

LONDON LYONS

MALACCA

BOADAY

CALCUTTA

CANTON

EYOO

MANILA

MOUEDEN

NAGAMAKI

NEW YORK

TEPPING

PENANG

COLOMBO

DALEEN

YOOCHUW

HAIPHONG

HANDBA

SAN FRANCISCO

BASKOW HARBIN

HONOREW

BANDDON

SARDS

SHA SHAI

Loiza

IPON

JODORE

XQUE

KOWLOON

L

KUALA LUM*6.

SINGAPORE

SOURABAYA SUSURI PATANI

TIENTSIN

1th Ye

THING FAQ, YORDHAMA

Current Accounts spoed in Local Currency and Dejkalis racored ka on your or Facesar perioda iz Lewal Cunenes and carling enter when will be queiad un application. Hong Kong. His 1943, 19

AMRITĎAK

TANGKOK

BATAVIA

BOMBAY CALCUTTA GANRON

LAWNPORE

GEAU

COLOMBO

DAIRES (Dalny.

South Manchuria)

DELS!

HAIPHONG

SAMBURO

HANKOW

ITABHIN

(N. Manchuria)

HƯNG HÀNG

177110

374457

KARACHI

KLANG

KORE

KUALA KANGSAR

Torak (M.H.)

·

MADRAS

MANILA

MEDAN

NEW YORK

PESING

PENANG

PESHAWAH BANGOON HAEDON SEMARANG HEREMBAN SHANDBAL BINGAPORE SOUDAWAYA TAIPING

(F.ALB)

VÁVOY

TIENTSKA TOKTA

TONOKAI ({})ukel) TRINITAL YOKOHAMA

METAL MARKETS RECOVERING

STILL A GENERAL LACK OF CONFIDENCE

THE BANK RATE

ZAMIRIANGA

Philippine Islanda)

and General

MARKETS RECOVERED FROM THE LOWEST

Foreign Exchange

Banking business transseted.

Turnover for the week, 6.800 tons. August September

tons

tons

Statisties:-

Shipments from Straits .... Total Supply.. 12,881

8,000

0,687 10,667

12,283

24,102

over lost

being paid

Total Deliveries 10,616 Visible Supply $5,878

COPPER FIRM Copper was very firm week-end, up to 275.5.0 late on Friday and Saturday.

On Monday, the market opened at £75 three months, but with rather heavy offerings prices eased off and continued to fall until £73.6.0 was ac cepted for forward,

The low price then attraeted buy ers and the value of three months

advanced to £74,8.0, falling to-day to

DUSKY GIRUJE. REVUE IN "SINGING FOOL"

AUDIENCE OF EXTRAS

An elaborate musical rovue, ea- pecially staged for the picture. forms a part of "The Singing Fool," Al Jolson's super-special production which Warner Bros, will present at the Queen's Theatre' to-day.

GOVERNOR & THE BEVERAGE NOT SEEKING WAR

The first meeting of the Eng- Hish Association was held yester. day in St. John's Cathedral -Hall, when a large gathering assembled

AGGRESSION IN RAIDING DENIED

The Shanghai "Slovo" reprints

to hear an Interesting lecture by an interview with the Commander His Excellency the Governor on of the Soviet Army on the Man- The now Warner Bros. theatre in "The Story of the Word 'Tea"."

churian border, General Blucher, by Sir Cecil said that he has en-an Italian journalist, Signor Car- the film capital was the scene of this single performance, which was deavoured to find a point of con-rado Tedeschi. staged under the direction of Larry tact between the English word Ceballos, famous

of "tea" and the Chinese "cha," writer says, "that on my whole way producer

"I would like to point out," the dances and spectacles. The "show" plied to a' commodity which had out from Mosesw to Vladivostok I began at midnight, and the entire constituted 60 per cent. of the lower floor of the great theatre. exports of early Chinese trade parations for war, not a single have not noticed any signs of pre- which has a seating capacity of with Europe, so important was troop train, no crowded soldiery in chests on the Colony's badge. to this fact was drawn by the group Une interesting net on the pro- His Excellency expressed the of the Soviet journalists, represent- Single gramme is put on by 20 girla co-opinion that the very word "tea" atives of the Leningrad and Moscow tumed in doublets and hose, swal was Chinese, not English, al newspapers, who were sent as car Opening. Closing lowtail coats with opera hats perch- though of the word even linguistic respondents

£73.17.6, ed rakishly on their black wigs.

Sino-Soviet scholars have not finally solved border. As the climax of the performance, the origin. It is definite that first long stop Jolaon himself--the famillar, ebony there was no such word as "tea" Habarovsk, General Blucher's head. hued Al-comes before the cartala in English till the seventeenth quartera. On the day after my ar and as quickly arouses the enthus- century; and none in Chinese till rival, I was received by Blucher at iasm of his audience as if they the first century A.D.

Current Accounts opened and Fix-London, in their weekly review of the £74, but closing 8rm at £74,7.0 buy. 3,000, was crowded with an audience the trade that there were tea-the railway stations. My attention

ed Deposits received for 1 year or which will shorter periods at rates be quoted on application.

A. 1. FERGUSON.

Manager. Hong Kong, Bth January, 1929.

THE HO HONG BANK, LTD. (Established 1917.)

Authorised Issued Paid-up

HONG KONG SAVINGS BANK, Reserve

The Businose of she above Bank le conduct- alby the NO KONG AND HEANULAI BANKING CORPORATION. Hula may t obtained on application,

FULL THE TONG KOND SHANOLIAT BANKING CORPORATION.

4. C. HYNES,

Chiat Mabagur.

Hong Kong, 18th Repentier, 1947.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING BOCIETY)

WAKKERS.

Establebed 10:34

Hong Kong Us:-11 Queen's Road Canten.

shino Cupital ....................... Lichideen 150,000,000. (411,490,000,} www... Balls 1,000,00

(4,086,587.) Quilder.” 40,000,000-

Paid-up Capital

Hot Fund

Hoad Uion [AJSTERDAM).

Emalesu Band Gies.—BATAVIA. BIANCHI K5:- Dendera Bandcong") Bombay,

|

CAPITAL.

Liabilities of

Shareholders Surplus

London, October 4. Messrs. Rudolph Wolf and Co. of

Hume metal markets, state that in the early part of the week, there was a in bolh general lack of evafidence Stock and Commodity markets. On Thursday no further change was to- ported in the bank rate, and with a little mure confidence displayed, our ! markets partly recovered from lowest.

TIN PRICES

ers. The contengo has varied from 8/9 to 15/

Options:-Double £1.10.0;

***

£74.16

(nom.) £75

£74. 7,0

£2.5.0.

Cash

Three months the! Turnover for the week. 4,200 tons.

LEAD LOWER Lead has also been lower in sym pathy with other metals, but there has been very little change in prices the difference be At une moment,

October and January was 1/3 but the carrying rate has been fairly consistent at 2/6.

Although the

the atutisties for month of September showet a de- $20,000,000 grense in the Visible Supply of 1,718 in the Straits 8,000,000 on, the carry over 4,000,000 as reported to be as much as 2,925 tons. With heavy shipments expect 4,000,000ed this month (10,500 tons) and an 2,219,000 ticipations that these would be main- tained until the end of the year, a certain amount of distrust was en gendered, it being considered that consumption could not keep up with such an increasing production.

HEAD OFFICES: SINGAPORE Branches, Agencies and Correspon- dents in the principal cities of the world.

Every description of Banking and Exchange business transacted,

TAN ENG HOOL,

Manager. Hong Kong, 15th May, 1920."

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO) HEAD OFFICE: Taipeh, Formosa. Incorporated by Special Imperial

Charter, 1899,

Casital Back in Formous Bank-Not inná kvernen amount...Yen. 43,000,000 BRANCHES AND AGENCIES:

JAPAN-Tokyo, Yokohama, Roba, Osaka, FORMOSA-Uima, Kagi, Karaka. Kalung. Wakoog. Nani, Shinchiku, Talghu, also, Takao, Teme, Toos, Haita, Telta CHINA |--iibaughan, takow, Ámoy. Foochaw,

Sabaw, Canton.

Calcitta, Cheriton, Djember. Bak OTHERS-long Hongbay.

The Hague, Jeddah. Kol,

"juta wlis Kakaner, Saiso, Padang |

Palembang, Pakarongai. Teng,

Beinarang,

Loudue, New York, Detres.

LONDON BARKERS

Boerabaya, Calcutta

Pontianak, Bangoon, Rotterdam'), The Londen County Westminster and Pary's Bank. Namareng"). shanghai, Sibolga (Bar). Bingapore, Boerabai The Bank baa Correspondente, lo all the prin

ripal Commercial Coctes throughout the world.

Boerakarta (Bofol, Tegal. Tillatjap and Wolstreden.")

These of hers sala deposit boxes in let. London Vaskem:-National Provincial · Dania Ltd.

Corseponduja all over the world

Baulig businom at very descripsien transacted.

P. M. ELUERO

Hong Kong, 27th May, 1999,

Manager.

BANQUE DE L'INDO - CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paris.

Subscribed Capital Fra. 72,000,000.00 Paid-Up Capital...Drs. 68,400,000.00 | Reserve Funds ....Fra,102,000,000.00)

BRANCHES:

Bangkok Hong Kong Quinhon Battambang Hue

Saigon

Cantho Mongtze Shanghai Canton Nam-Dinh Singapore

Neuman Thanhea

Djibouti

Fort-Bayard Papesta

Haiphong

Hankow Hanoi

Tientsin Foking Tourand Paoni-Peuh Vinh Pondicherry Yunnanfu BANKERS

IN FRANCE:. Comptoir National: d'Escompte de Paris; Credit Lyonnais;

Banque de Paris et des Pays-Bas Credit Industriel of Commercial: So- ciete Generale.

IN LONDON: The National Pro-

K. NAQURA,

Изпадн

HONG KONG BRANCH:

0. Vous Road Castral. Hong Kong, 10th January, 1939.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office-Hong Kong.

Authorised Caplist (II.K. Carroney) ...$11,000,000 Paid Up Capital wat

8,601,230 159,000

BRANCHES :-

Canton, Shanghai, Hankow, Brutow, Blangkok, New York and Han" Francisco,

LONDON BANKERS :--

The Lloyd's Bank Limited.

Correspondania in all principal oilise of the

World

Foreign sachange and banking business of avery description transacted,

- Wala Dapodis Bozan (verious sivan) at a purly

rental of 'from $3 to $40,

LOOK POONG SHAN,

Chief Manager. Hong Kong, 19th February, 1927.

THE BANK OF CHINA. 行跟國中

(Specially Authorised by Presidential

Mandate of the Republic of China

on the 22nd of November, 1917.)

On Tuesday there was a good deal of liquidation, but the same after-

U

tween

With declarations for October ship: went in circulation, values cased slightly to-day, but the centango-re- mained at 2/6).

Opening. Closing. £23.5.0 $23.8.3

October

November December January

£23. 8.0 £23. 8.9

£23.16.0 £23.11.3

£23.03

£23.7.5

of extras.

had not been extra players engaged for the occasion.

Those who see the picture are due to live through one of the most poignant scenes ever shown on the

screen.

Jolson's supporting cast includes Betty Bronson and Josephine Dunn, as well as Reed Howes, Arthur Housman, David Lee, Ed Martindol and Robert Emett O'Connor.

in

word

"Chaw" and "Cha”

to

the

W38

at

his headquarters. The Interview lasted over an hour and dwelt ex- "Chaw" was the English word (clusively on the question of the

1651, "cha" the Portuguese Sino-Soviet conflict.

and "chai" the Russlan The quarters occupied by word, while the Italians used both Blucher are modest and simple- "tay" and "sha". The earliest re- several big maps of China on the ference to tea in extant literature walls, and a big map of Northern was in a Chinese dictionary of Manchuria just in front of his desk. ancient terms of the third century When I entered, a medium-sized, A.D. which defined "cha"-as "fair haired man about 40, in mili small evergreen tree resembling tary uniform but without the mili

meet the gardenia; a beverage is made tary mien, rose to his feet from its leaves by boiling. Some me. We sat down and Blucher was call it "tu."

first to speak. He talks calmly, Rentence, and, accentuating every

said:

A Chinese treatise on ten of the eighth century A.D., attributed to a philosopher of the first century, "I am a simple Russian work- states that "ta" is called "sba" in man, who fought as a private in the South-west.

the ranks of the Tsarist Army Then, from £1 Shanal writer of the sixth century, during the war with Germany, was learn that both "cha" and wounded and promoted to non. "tu" were applied to the tea plant October Revolution, enlisted in the commissioned officer, and, after the

Red Army, and fought against the armies of Admiral Koltehak; now

We

in the third century.

"Tay" and "Tu"

In Amoy in the China of Con-our government has appointed me fucius and Mencius (1122-255 to command the Special. Far- B.C.) the word for tea was "tay." Eastern Army.

me

and the Chinese adopted from the "I firmly insist that the Soviet Confucius classies the ideogram Government is not looking for war. "tu" for the tea plant, but had no Only to-day. I signed an appeal to word for tea. It was not until all Red soldiers to maintain com the Christian era that they in-plete calmnces. I am not a politi- vented the ideogram "cha," but clan but a simple soldier, so it is even after the Invention of the difficult for to answer your word "cha," "tay" was still used question as to how and when the Sins-Soviet conflict will be set.led. in the Amoy district.

I have information that the Chinese At first the beverage was not

a winter popular because it was too bitter; Army is preparing for but from a writer who died in campaign. I deny most emphatical- 304 A.D., we learn that tea was the rumours that the Soviet in common use in the sixth cen-troops wore the first In the over- the-border raids. The actual facts tury. By 893 A.D., the use of tea will disclose quite the opposite."

was so universal that a tax was

UN

levied on it. In the ninth century the seeds were carried to Japan, and tea growing was carried out

FOREIGN SALARIES

TPPER left shows a modern grainery in Russia | talament makes farm life much more pleasant than in capable of holding a million pounds of corn the cold cheerless existence suffered by the peasants and grain. It is one of the best and most com. under the Czar. Right is shown the largest grain pletely equipped clavators in the Soviet Union. Lower separator in Russia, which makes easy the work of left shows Kussian peasants listening to a radio pro- the farmer who used to thresh his grain by hand. gram broadcast from Moscow. This sort of enter

noon there was a considerable amount our market which

of buying, on

steadied prices.

vincial & Union Bank of Eagland, Autherised Capital.$80,000,000.00 Vant d 19 to £190.10.0 three

Ltd; Comptole National d'Escompte Paid-up Capital de Paris; Credit Lyonnais.

IN NEW YORK: J. P. Morgan & Co.; French American Banking Cor- poration; Guaranty Trust Co. of New York.

Safe Deposit Boxes to let

A. LECOT,

Manager.

Hong Kong, 1st May, 1929.

Reserve Fund

The next day, however, on renow ed quidation and heavy selling, ...... 18,218,600.00 months and £190 Cash.

9,629,425.24 Influential support was then afford- od and has. since been maintained, three but after touching £203.5.0 months, the

Cable close is lower. advices from the Straits inform us that the shipments will average 9,000 tons per month until the end of the

HEAD OFFICE: PEKING.

es

HONG KONG BRANCH; Interest allows on Current Ac-

4. Queen's Road Central counts and Fixed nosits according

Branches and Sub-branches all over to arrangements.

year. China and Correspondente in Europe, Every description of Banking and America and other parts of the world.

Genoraily speaking consumers, Exchange Business transacted.

London Bankers: The National pecially in America, are not too well Provincial and Union Bank of Eng. covered, and only make purchases for land, Ltd.

their immediate requirements. The Guaranty Trust Company of The markot is now in a much New York,

healthier position technically, but in New York Bankers: The Irving view of the expected heavy abip. National Bank.

ments, we cannot look for any ap- The contango The Equitable Trust Company of preciable recovery, New York.

has been irregular, ruling between Interest allowed on Current Ac£3.5.0 and £4.5.0, but mostly at £4 counts and Fixed Deposita. Terms on Premiums on Straite and Banka Tin are quoted at $4.10.0 and £12 respec- application.

Every description of Hanking Buai- tively. ness transacted,'

Lozhe granted on approved secur- Single £8.

Special. In Ities for Home Ex- | Cash change.

SHOU J. CHEN,

THE YOKOHAMA SPECIE BANK,

LIMITED.

*

Established 1880. Capital (fally paid-up) Yen 100,000,000 Reserve Fund.....Yen 108,500,000 ities.

Head Ofice-YOKOHAMA.

Branches and Agencies ati" Alexandria Nagoya Batavis

Newchwang Bombay

New York Buenor Ayres

Osaka (Temporarily closed)... Calcutta Canton Changchun Dairen (Dalny)

Hankow

Harbin

Peking Bangoon Rio de Janeiro Satron Ban Francisco

(Makden) Seattle

Hong Kont Honolulu Kai Yusu Karachi

Kobe

London

Los Angeles

Semarang. Shanghai Astronos d Singapore Bourabaya

Bydney Tientsin

Tokyo Trimantu Tsingtau Vladivostok

atarest allowed on Current Ad

Deposita received for axed periods

H. HORI,

at rates to be obtained on application,

Hong Kong, 11th September, 1929.

Manager.

THE BANK OF EAST ASIA, LTD. HEAD OFFICE: HONG KONG, 10, Des Voeux Road Contrai, Hozr Kony.

Authorized Capital

Paid-Up Capital Reservo

Options:-Double £11.10.0 to $12;

Opening. Closing.

Three montha £207.10.0 £202, 7,8

24.03.18.0 198.10.0

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE :

12. Gemoenburch Street, London, R. QA, Authorised-Capital .. Subscribed Capital Paid-up Capital Reserva Fand and Rost

BANKERS

-$10,000,000 6,000,000 1,500,000 BRANCHES AND AGENCIES:---- Batavia Melbourne Ban Francisco Bergol Ipoh Bombay Nagasaki Seattle Calcutta

$8,000,000 1,800,000 1,050,000, 1,612,047.

The Bank of England & Midland Bark, Est

BRANGIRE

New York

Landy

Kook Hhars Colombo Kuala Kra Delhi! Qužle

Fort Lola Mayuritius} Rangoon Bhangbai Kruin Libla ... Black Kuala Lump

Kingspore Kong Kong Kuantan (Fakang) Bourklaga. |Howesh ̧‚† Madens

New York Semarang Bombay Canton Ovaka Singapore Haiphong Faris. 2 Sourabaya

Pelping Sydney Taipeh Tientsin

Honginiu Kobe

Penang

Kowloon Rangoon

| London- Balgon Tokyo

Manila Shanghrt

Correspondenta

cities of the world.

principal

Every description of Bankin

HONG KONG BEANCIL.. Every description of Banking sa Exalogs

Travellers Chequda iznad. Trustee and Executorships under.

and taken.km

PINTEREST BIloved oil. Qumrank. Lovorila

on applicatio

Exchange business transacted Loans Rates that may be pertained granted on spproved securities.

SAFE DEPOSIT BOXES to ist.

6.L. U. BANDES,

My Chief Manager, Hong Kong, lat November, 1979,

Options:-Double £1.10.0; Single

Turnover for the week, 4,150 tons. MAKING THE NATION

A LAUGHING-STOCK

15/-

SPELTER BETTER

As anticipated in our last report, there has been a firmer tone in

as far as 39 degree N.

Earliest British Reference

In European literature there Peking Officials To Be

Paid

was no mention of tea before 1559 A.D. The Dutch learned to drink tea in the early seventeenth cen- tury- and brought it to Europe.

It is officially stated that all salaries The earliest British reference to arrears due to various foreigners for-

Nanking. Yesterday.

tea is in a letter from an agent merly serving in the defunct Peking of the East Indian Company in Government will be paid by the Finance Japan, to a colleague in Macao, Ministry. Only those engaged in asking for "a pot of the best sort bona fide administrative and educa- tional work, however will be paid, of chaw," and the Macao accounts;

drinking chaw."

excluded.-Reuter.

Spalter, sellers being rather unwill. CRISP COMMENT BY PEKING show "three silver porringers for military and political "advisers" being ing to meet the demand at the low- er prices.

There has been a little more quiry from consumers in this coun- try, but generally the purchasing has been disappointing.

on.

On the other hand, offerings from the Continent are not to free, al though there seems to be a certain amount of metal available for export, The market in the U.S.A. has been steady, no change in price having been reported there during the week. Options: Double £1.10.0; Single

Opening. Closing.

£23.12.6 £28.17.0 £22.13.9 £24

16/-

October November December January

£23.18.0 £24. 2.0

PAPER

TREATY POLICY

Peking, October 22.

A London advertisement of ten appeared in 1668, the first ten having gone to Britain from Amoy, and with it the pronuncia-i The National Government of tion "tay" still current in Amoy: China is accused of "erqulating the and used in France and Germany. ostrich" by its assortion that the Russia, on the other hand, im- Japanese trenty has been abolished ported its tea with the northern since 1926, in an editorial in "China pronunciation "cha" which they' To-morrow," an English-language rendered as "chai."

open

to

monthly published and edited on- When His Excellency had an- tirely by Chinese in Peking.

nounced the subject "Although technically the Nan-discussion, Sir Henry Gollan sug- king government refused to recog gested a study of the word beer EXA 24. 5.0nize the treaty's existence, practi- might prove of Interest, and Turnover for the week, 3,000 tons. cally its provisions never ceased to be operative," states the Chinese

tends to do the same with other governments having special rights,

U.S. STOCK MARKET

Return To More Normal Conditions

made some

witty comments

on,

newspaper. If the government in- and additions to, His Excellency's

remarks.

Lady Clementi, Professor Simp-

sion,

Next Lecture

merely proposing to declare the son, Mr. Crook, and several other right of extraterritorlailty illegal, members, took part in the discus- then openly to wink at its practice, it will only serve to make the goy- New York, Yesterday,

It was announced that the next After the most turbulent fortnight ernment the laughing-stock of the In its history, the stock market return world-a body which is unable to lecture (by Sir Henry Gollan on Charlotta Bronte) would be dali- ed to something like its normal con enforce its own decrees,

the Cathedral Hall on dition.

"A far more effective way of vered in The market opened ono to ten points lower with a huge volume ridding Chion of the shackles of Tuesday, December 8, at 5.30 of trading, greatly to the surprise of the unequal treaties would seem to p.m. Wall Street, which anticipated a rise be that of international negotiation- in prices.

King and internal reform.' Although we Orders were in blocks of 10 to are not so naive as to suppose that 50,000, shares selling at the opening the Powers are willing to surrender much stronger than buying, to the die 'their privileges until they are fore- may of buils. The character of the ed to, yet there is certainly no value Censure on Lobbying in! trading pointed to buying by a number in emulating the ostrich and assert- of small bperators and selling by big ing that the unequal-treaties are men who are taking: profits.

no longer active simply because wa refuse to recognize them."

A DEATH BLOW

Tariff Affairs

Washington, Yesterday.

A bearish statement by the Secre- tary of Commerce may have affected the decline. Mr. Lamont said that

What many political observers business conditions were sound, and no fondamental change could be expect change shall be opened for business regard as the deathblow to the cd, but the break in the market would only between the hears of ton in the present Tariff Bill was delivered probably have some effect of business, morning and one o'clock in the after when the Banate, by 54 votes to at least psychologically, especially, as noon on Wednesday, Thursday and Fri-22, passed a resolution censuring Mr. Hiram Bingham, of: Connecti. luxury trades, sales totalled over deyire

Saturday, the Exchange will be cut, for employing a lobbyist as closed entirely, — Reuter's "American" his sécretary in tariff, matters.-- Service,

Renter's American Service.

8,000,000 · shares, za 'compared with O

bvár 16,000,000 a week ago. PL valt?has been decidal that the Ex

A great ink for fountain pens

Skrip

Years of expert effort enabled us to develop the right fluid, for fountain pens. It is free flowing and will not clog the point.

SHEAFFER'S

SKRIP

Sole Distributors:

THE SUN CO., LTD.

Drive a Trusty 'TRIUMPH”

the Motor that never fails-you-