1934-08-04 — Page 9

PRICES WEAKER ON WALL STREET

Silver Prices Rule Steady.

BOND MARKET FIRM

BUSINESS TREND IN 1934.

THE CHINA MAIL, SATURDAY, AUGUST 4, 1934.

CARL HUBBELL AGAIN To-day's Short Story.

IN GREAT FORM

Divided Opinion In U.S. Giants Beat Phillies In

SPECIAL TO CHINA MAIL. (is Pelagrank Copyright, Telegra^ phic fennagce Ordinance, 389k, Re rrived August 4, 1.06 a.m.)

New York, To-day-

".

In connection with the question-

U.S. Baseball.

GEHRIG HITS TWO HOMERS.

д

REMNANT

OF '22

By Kathleen

Warren.

New York. To-day. -| With the vereption of bonds are on business conditions sent the New York Giants, world

New York, To-day.THIS is a true story; it ends in "Paddy Halloran? Carl Hubbell, star pitcher of T

Ah, that was prices were weaker on the Newi

a curious place in a curious the bitter, bad luck, macushla. York Market yesterday Silver to all parts of the nation by champions, won the game for the is not strange, for the story be-head, and cried like a foolish baby,j way, It ends grimly, but that When I heard av it, I put down me prices were steady,

Business Messra. C. W. Young and Co., in Giants in the major League base-gan in the trouble of 1922, and for you know, he and I were friends was again dull, only 160.000 vestment managers, 45 per cent. ball yesterday by shutting out all stories beginning there seem always, for all we both loved you. shares being traded.

of the answers believed that 1934 Philadelphia Phillies for nine to end grimly, whenever and Do you remember how we both fol- Industriala and Fails were off 73 will be a better year than 1983, innings. and .88 to 90,14 and 35.33, respec same opinion with qualifications.

while 14 per cent. express the for the Giants who won 2 to 0.

Vergez hit a homer wherever they may work out. lowed you about, and how I swore, tively, while utilities declined 26 to

Lou Gehrig scored

I was sitting in a big popular like the black beast I was, to kill The remaining 41 per cent. triumph in the American League by big and rugged, dark-haired, blue- Do you remember ?", 20.46. Bonds advanced 18 to 03.88. declare that 1934 will not be hitting two circuit clouts against the eyed, wide-mouthed, a real plug-

personal restaurant when the man came in: Paddy if you loved him the best.. The commodity index weakened 33 to 60.28.

a good year as 1933 Philadelphia Athletics, enabling the ugly Irish face had this man. He at him with tenderness; neither United Press per S. E. Levy and New York Yankees to win by a sat at my table, so I could see every took any notice of me, and no one Maureen was amiling now, looking S. E. Levy And Company's Report Company.

In their market report. Messrs.

Chicago White Sox by a 14 to 1t with the pathetic, hungry look of spoken conversation.

The Detroit Tigers routed the Irish newspaper and begin to read I heard every word of that low movement; I saw him pull out an che took any notice of them. But tally. Kowe pitched to blank the an exile, searching through every White Sox for nine innings.

The girl was column for news of n place or peo- Results, as cabled by Reuter, were:ple he had known

such

S. E. Levy and Company, corres- WINES AND LIQUORS

pondents for Messrs. White, Weld and Company, New York state:

"Stocks: the absence of any clue as to the next Governmental move in the process of business stimulation, prices seem likely to drift lower.

IN AMERICA.

June Imports Nearly Same As May.

HPECIAL TO CHINA MAH. Our opinion continues to be

by Telegraph. Copyright, Telegra that the market generally is in the phe Messages Ordinance, 1894. Re- buying zone and we would make erived August 4, 1.08 mm)

purchases un any weakness.

ap-

to 1 margin.

American League

R.

H. E

Philadelphia New York

1 8

0

5 10

0

Lou Gehrig hit two homers.

Washington, To-day. Business done:-460,000 shares. The United States Department "Honds:--High-grade issues ure of Commerce reports that wines Detroit firm, while second-grades are un- and liquors imported in June, changed.

i totalled U.S.$3,010,903. "Cotton:--Prices are tower. Ru-proximately the same as in May. St. Louis mours of the possibility of a larg-Whiskey was the largest item Cleveland er crop than had been anticipated being valued at U.S.$1,557,167. caused quidation and Southern Canada and the United Kingdom

furnishing the bulk. United Cincinnati suggest partial re-Press, per S. E. Levy and Com-Chicago

selling.

And then the girl came in; I saw at once the racial similarity between the two, and thought it rather strange that two Irish people should pick the same table to sit at. They recognised each other almost at once, jand the man half-rose from his 3 chair in amazement and gladness. Then it was all "Michael" and

Chicago

0 1

Rowe pitched.

14 16

Greenberg hit a homer.

46

6 10

20

2

years.

National League

4 11 5 10

Pittsburgh

.9 11

GOVERNMENT GESTURE TO

JOCKEY CLUB

Suhr hit a homer. St. Louis

9 15

New York

2

7

-Vergez hit a homer. Philadelphia

Carl Hubbell pitched.

0

6

We would tinetion of positions before publi- 'pany,

ention of the Government crop re-

port.

"Silver-Prices

are steady.

Hayden, Stone was a large buyer.

Business done: 60 contracts.

"Rubber:--Prices are strong ou

(Continued from Page 1) For the year ending March 31,

com.inted speculative trade buy-1934, the Hong Kong Jockey Club's ing. We continue to recommend purchases.

accounts showed a loss of over Business done:---50:1 Jots.

$30,000. Their gross receipts) "Wheat:-Prices

from the sate of pari-mutuel were slightly, downward on lack of any new initickets were $1,341,930. and the

centive to stimulate buying.

Business done:-53,102,000 bus bels."-Reuter.

laty paid thereon was $108,548.

It is thought possible that in the current year the gross receipta from this source may fall below $1,000,000.

- DAVIS CUP SECOND ROUND

(Continued from Page 1)

MONACO LOSE SINGLES

2

speaking again.

MONDAY'S STORY

Monday's story will be "Horse of Death," by Ralph Straus.

2 "Maureen", and exclamations befit-"You were gone, the night they ting the pccasion of this mecting be killed him? Ah, yes, they were af- tween two who had not met for ten ter you too, and chased you out of "Since the Trouble it is, Maureen; days afore. I remember how happy your own town, the beasts, two ten years since I have seen you, and we were but one week before, when you still the belle of them all," said Paddy and I told you of our en the man in his deep. soft-toned gagement, and everyone was blessing voice, his big hands gripped over us, and you sat by yourself for a hers. She laughed quickly, thrill-while, black-faced and grim, so 1jingly, her dark, sad blue eyes search-that I was feared av you; then up

ing his swarthy face.

""Tin yourself has not changed, hand. 'T'll bless you, too, Maureen you came, and crushed my tight. Michael Donovan." she answered macushla, and give lick to Paddy,

• slowly.

"I have never been the though 'tis the plague I'm wishing same since the night that Paddy-would carry him off, 'deed it is."

0 that Paddy-died." She drooped Then we both laughed, and Paddy

her head, staring at the table with came to hear, his dear eyes shining intent, wistful eyes. The man winced at her words, but his hands

so, and his hair all rumpled up.

"And a week later you were in tightened, and he spoke gently to hiding and two days gene, and that bowed head.

SOUTH-WEST ATTITUDE UNCHANGED

(Continued from Page 1)

Paddy was dead, and Paddy's" pea ple had killed Terence Flanagan." She finished, and sat quiet, her eyes filled with a fierce, het glare of remembrance,

Night Telegram. Favourable factors before the opening of the market were:-

In these circumstances, at the Good second-quarter earnings request of the Jockey Club, is has

Hague, To-day. reports and the imminence of Pre-been considered fair to introduce two matches, having won

Holland is leading Monaco by:

Michael tried to say something. It was learned that several junior but choked on it several times, his sident Roosevelt's return, while a sliding scale to govern the pay singles matches.

both

officers from Kwangtung and face twisted. Finally he whispered: the Treasury announcement that ment of this duty, but to introduce

Kwangsi will be sent to Kuling to "Tell me av it, mavourneen; for I Silver Certificates are being put such a scale Into the body of the

Scores, as cabled by Reuter, of them took a memorandum re-wild rumour: only, if it hurts ye, undergo military training, but none never heard the truth-only, strange, into circulation is reviving the de- principal

were:- Ordinance would be mand for inflationary issues.

cumbersome, especially as it is not 6-2, 6-3, 6-4.

Timmer (Holland) beat Gallepe 5-7, commending the placing of Kwang- then rest." Unfavourable factors were:-

necessarily intended to

tung and Kwangei troops order; be Anal. Knottenbelt (Holland) beat Landau General Chiang. Traders are still watching Euro- Hence the amendment proposed by 2-6, 6-2, 5-7, 8-6, 7-5, pean developments very closely. this Bill leave the scale to be fixed Rallies Tack follow through.

by Fesolution of the Legislature.

The market is firm and slightly A copy of the resolution will be more active, with fractional gains put to the Legislative Council as predominating. Some moderate ex-soon as this Bill becomes law is tension of yesterday's laterally jappended.

seems indicated.

Loew's Inc. net profit for the 40 for three consecutive months." weeks ending June 7 totalled $5,

Night Telegrams,

MATCH ABANDONED

But she shook her head and plunged into the passionate, bitter Mr. Teng Ching-yang declared tale. "Twas the night of the that the South-west Political Coun- Donnellys' party; the daughter cil has received no word from Nan-Rose-you remember her, don't you? Budapest, To-day.

king or anywhere concerning the-had been promised to young Mur- one match to nil in the second the members of the Council know party.

Hungary is leading Norway by Kuling Conference, and therefore phy, and this was the engagement Paddy took me, and we nothing about it.

stayed late, after two or so, danc-

Qualifying round of the Davis Cup There appears little hope of sing and singing, sich a joy ay it Straub beating Smith.

The match between Gabrovitz Canton-Nanking understanding, as we had. But-when-we-were-ready and Hannes was abandoned in the the demands of the South-west for to leave old Donnelly took Paddy! third set owing to darkness, an unyielding stand against Japan aaide and said: 'Do ye think it safe Scores, as cabled by Reuter, are unacceptable to the National to go, lad? They are out Ivery Government, whost polley is just the night the now, looking for more reverse,

were:

751,000, equal to $3.45 per Com- "10.35 p.m.-Cotton market is mon share, compared with $2,-quiet, and small, with scattered 336,000. equal to $1.11, for the selling in evidence. The weather same period last year.

is better.

10.40 p.m.-The Chrysler report 5-7, 6-1, 6-1, 6-2.

Straub (Hungary) beat Smith 5-7, is disappointing but is inducing Cabrovitz (Hungary) led Huans 6-2, little other liquidation at the open-6-4, B-11;

E. A. Pierce Co.'s Report

In

theit market report. the

American Oriental Finance

Cor.

poration, correspondents for Messrs. ing."-Reuter.

E. A. Plerce and Company, New York, etate:

Latest Quotations

The following quotations have TOMMY ARMOUR TAKES LEAD

"Stocks:-Low levels were made been received through Messrs. S. E

in the final half hour of trading Levy and Company and the Ameri- (Continued from Page 1)

on a slightly increased volume of can Oriental Finance Corpora selling.

The effect on the market tion:

of the Chrysler report may con- tinue.

Wheat:The movement of win-N.Y./London ter Wheat is diminishing. The Cross-Rate lack of sub-soil moisture for thej

A

CANTON MAYOR INDISPOSED

(Continued from Page 1)-

murder.'

"I heard, and clutched hold of Paddy, demanding that he should at me, and telling Donnelly 'twas all stay, but he passed It off, laughing right; he was safe-guarded. Then The horse kicked Mayor Liu on that I knew he had his gut, and felt he winked and patted his pocket, as the right shoulder, which was ser- less nervous. So we went on, our lously injured. He fainted and way, me hanging on his dear arm al-jlater was taken to his home in the and he smiling down at me, joking..

official compound of Plum Blossom Village, Tungehan.

"As the light from the Donnelly's windows died behind us into a little, During his confinement at home, blur, and I saw the long blackness Mayor Liu has designated his ahead, I felt a chill down my back, inunicipal duties to Mr. Luk Yati for I was afeared for him. “Tis a kong, Secretary-General of the long way, me dear, and I know the Canton Municipal Council. Though blackguards are thirsty for blood; promoted to Secretary-General of turn back, stay the night at the the Kwangteng Provincial Govern Donnelly's, I begged him but on we ment, Mr. Luk presided at the went, all down that dreary road, so municipal meeting yesterday. cold, and I felt the dark pressing

The weather was sunny, New York, Yesterday.

though a strong wind proved Last To-day's handicap to the players. close close "Will Bill" Melhorn also return- ed a card of 73, but aggregated 5.08% 5.04% IN.Y. Cotton-Dee... 13.21 18.07 Fall plowing and needing is hecom Doc........

145 to take second place, N.Y. Silver-Sept... 47.15 47.80 ing a factor.

47.30 47.52 "Grain:-Corn held well in apito Chic Wheat-Doc....105

N.Y. Rubber-Doc... 15,34 15.59.

1044 of profit-taking developing. The Chic Corn-Dec. 79% 74%

N.Y. Silver (business

drought in the main Grain Belt is done price) ........... unrelieved and reports continue of San Fran. Silver (busi deterioration in three prairie Pro-ness dene price). 47 vinces..

"Cotton:-The weather is better

but there is persistent liquidation 30 Industrials 90.87 90.14 0.78 off

The 20 Rails

Jack Littler was placed third with 69 and a total of 146. His excellent round was chiefly due to his superb pat- ting. Leo Diegel, who was leading in the First Round cracked up bad- No important resolutions will down on us, shutting us off from ly to take '82 for an aggregate of be made by the city Government everyone, and the trees drooped and 147: He drove prodigously, but until Mayor Llu is well enough to whined, ragged and tortured in the

advantage gained. wretched putting discounted any

47%

474

-47%

(Dow Jones Avg.)

Last To-day's Aves. Aves. Change 35.71 35.88 0.38 off 20.72 20.46 0.26 off

93.80 98.98 0.18 up

D$4

834 109.

U. S. GRAIN DISASTER

(Continued from Page 1)

in excess of Trade off-take, average guess of Cotton Exchange 20 Utilities

*40 Bonds

Index

members as to the Cotton crop was 11 Commodity 0.31 50.28 0.39 of 9,434,000 bales.

"Silver:-Interest was small due 18 LEADING STOCKS As the official Amer Con

Amer Smelting & Ref

to lower cables.

bla advanced, offerings increased. Amer Tel & Tel

"Annalyst Index of Business Anbarn Activity:-79.8. Automobile out. I. Case put in the USA. during the past Du Pont week amounted to 59,412 units General Motore

Elee Bond & Share Money in circulations has increas- In Tel & Tel.

McIntyre Porcupine

ed by $24,000,000,$50

"Crown, Cork and Seal has de Montgomery Ward clared dividend of 25 Centa, 200| Nat" Distillers

NYCentral

dew's, Inc. oɛrnings for the Socopy-Vacuum forthy weeks ending June 7 Union Pacifie amounted to $3.45,

United Aircraft US Steel

Business "done Westinghouse E

It to belleved that Southern cile covered its charges in July

87

consider first all the proposals,

U. S. SILVER CURRENCY INFLATION

(Continued from Page 1)

wind, gra

"I knew we should come to the cross-roads in a minute, and I felt certain sure something would hap pen there, where four roads" Tan across each other, all sombre and

The Treasury has estimated wind chased at night, one road a that. 25,000,000 ounces will remuck-heap, and another all grit and main unobligated after the gravel, where the horses slipped and 20 Mr. H. J. Gramlick, the Nebras U.S.$50,000,000 currency is cir- fell Jack Carney had been shot 39ka Federal Relief Director, said culated, the remaining silver re- there but a month before, and they

that the State's 11%

corn had falled, presenting the Treasury's profit, found him lying in the ditch, half- 2734 And that 2,000,000 cattle must be since

9% removed from the State owing to cents per ounce, whereas the hair all draggled and woven with price paid averages 75 covered with stagnant water bis 45% the absence of food

Temperaturos yesterday. ranged currenc

value is US$1.29 for backing weeds, and his poor hands stiff with degrees at Kanse City There will be over US$750 to pull himself, up. And,

as though he had been trying

went sick just from a look fell to ing, the veins all-corded In

to 98 degrees at Omaha Fields 1000,000 worth of silver money

n, the earth is cracked outstanding when the new Us, ay him and his

streams are dry-Unit $50,000,000 issue is circulated.

open

0036

per 8. Ex Levy and Com- United Press, per S. E. Levy and Company

on Page 131

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