1934-10-06 — Page 9

MAJOR MARKET UPTURN

Business Barometer Records Sharp Rise

- RAILROAD ANXIETY

Chartists are forecasting an emminent major market upturn.

Favourable factors yesterday were that American telephones and private chart telephone con- nections were regarded as doing excellent business, and that the business barometer has made a sharp upward turn in the past fortnight, the first advance since the spring.

An unfavourable factor Кав that the railroad net operating in- come for August was U.S.$39,077,- | 337, as against U.S.$61,401,986 last year, the sharpest decline in any month during 1034. United Press, per S. E. Levy and Corn-

pany.

Favourable factors were:-

I. Indications of a more consorva- tive turn to the Administra- tion's policies, with

THE CHINA MAIL, SATURDAY, OCTOBER 6, 1934

Closeups of Clyde Beatty, the fame animal traluer, in action, Illustrate the unique accident that hefell him while thousands watch- ed him performance with a cage of lions, tigers, and leopards at Bay City, Mich. When one animal charged him and he stuck up the chaly to protect himself, the gun he carries in the same hand was accidentally discharged and Infared him.

report TRADE RECOVERY “A WOMAN IN THE

that the N.R.A. is considering | the abandonment of the "Blue Eagle" and price fixing.

2. The market displays good re-

sistance to

tion.

IN BRITAIN

scattered liquida- New Evidence In Bank

3. The strength of Government

Weekly Returns

bands is bolstering sentiment, NOTE CIRCULATION EXPANSE

Unfavourable factors:-

1. The absence of a strong revival}

in trade is somewhat la-

appointing.

CASE'

52

To-day's Short Slory.

The Thief Of Time

By Leslie Gordon Barnard

"THAT clock," said the little final imprisonment. After that, it "THAT

watch-maker suavely, "is became a test with the guards- not for sale, sir." "You have it bright, brilliant jest that the clock on-dleplay!

with its little trumpet note should

"I beg pardon. It is hanging as gally mark the coming death of there waiting for the customer its owner. It is understood there to claim it. Mr. Block is a con- was a scramble for it when the time noisseur in clocks of all kinds. came, and some jaller spirited · It | and is good enough to entrust away-so it is preserved to this me with any minor repairs" day. No, gentlemen, I would not

The man. on the outside of the part with that." counter ran his fingera over the The man, Cabal, outside the coun- clock passessively.' He wore large ter, thought of this now and a faint horn glasses, a fur-lined cost that smile moved under his moustache. came well up over his face, and a |drooping moustache to which, once or twice, the little watchmaker raised keen eyes. Finally the would-be buyer sighed.

"It is a very quaint plece." "Very,"

With a history?" "Undoubtedly, Mr. Block does not bother with any other kind!”

"It would be interesting to know the exact history of this little gift

Mr. K. G. Blair Pleads creation, French, isn't it?"

For His Servant

Lo Chi-chiu, a 2d-year-old house

"Yes, sir."

"May I just examine it? "Well"

But the customer had taken the

Block had several distin-

"Mr. Block must trust you im plicitly to let you have this!"

The watchmaker bowed.

*

**I never let it out of my sight!).;

I fetched it myself this morning,

and will return it to-night when the shop closes, It is not, cer- {tainly, a thing for a messenger

boy!"

MONDAY'S STORY.

Monday's story will be "Inspiration," by Florence Kilpatrick.

Cabal nodded.

Suddenly he took from his pocket

"Glass broken," he said. "Wish

boy employed by Mr. K. G. Blair, little clock in his hands. His eyes of No. 13, Broadwood Road, was behind the horn glasses were London, To-day. charged before Mr. E. W. Hamilton greedy. He did not tell the little Further evidence of improving at the Central Magistracy yester-watchmaker that this was not the first time he had handled the clock. 2 Nervous selling of some Call-trade conditions in Britain is found day morning, with the theft of

fornia's issues on the political in the weekly returns of the Bank tin of fruit and a tin of jam, valued The other time was in Mr. Block's a very ordinary watch.

nf England.

house. at $2, the property of Mr. Blair. For the past week note circula- Mr. Blair pleaded or defend-guished collectors in for a viewing you'd renew it. How long will it tion, which mainly represents the ant, sayng that the whole trouble of his treasures, and Cabal

was take?" actual cash in the hands of the was that there was a woman

in among them,

"Sell that?" Block had laughed public, has expanded by nearly an the case, who forced him into trou-

standable. The boy, he said, had been when questioned. "Not if I know other £4,000,000, and now lover $1,000,000 higher than at this his servant for over two years, and it! time last year.

situation in that State is un- settling but it is believed that the movement la aunsiding. Wall Street opened firm. Yester- day's late rully was resumed, with advances of from fractions to one point predominating. A mulerate extension in the upturn seems to be indicated, but, in the absence of any stimulating outside developments, a sustained advance at present is not] anticipated.

Cotton

Bankers cleuring house figures 'show a slight setback this week,

but since the beginning of the pre-| sent year they have recorded a re-i markable expansion of $2,450,000,-

A Tropical storm is raging off 1000. This mainly represents the increased turn-over of cheques in! the mouth of the Mississippi with connection with the country's busi- winds blowing at,70 miles per hour.

ness and industry, and also its AL

It is now moving northwards and stock exchange investments.

very mild.

London Silver:-

Spot

Forward

.22% up %

224 up

That clock marked the last

had proved himself quiet honest. hours of the Comte de Soizy, in the He was fond Accused was bound over in the French Revolution. sum of $100, for a period of one of the clock, and a bit of a wag, and, with a little judicious bribery, he amuggled it in when he went to his

year.

CARDINALS CANTON TO CHECK

WIN

(Continued from Page 1)

"Not very long, sir, but—” "I'll come back," agreed Cabat hastily. "What time do you close?"}

"Seven sharp."

"Well, I can just do it, I think, by then. If not, to-morrow morn- ing."

"Very good, sir"

The watchmaker took a ticket from a drawer, detached ene por- tion to tie to the watch, and handed Cabal the other,

Cabal took it, nodded, and 'start- THE SMUGGLING OF led out. Behind him,

a silver WOLFRAM TO COLONY | trumpet sounded thrice. Thres

o'clock!

Other clocks took up the message of the hour, but for Cabal they did

(Continued from; Page 1).

is commencing to drench the East though the latter have probably and Central. The weather in the been much heavier this year, the West is remaining fine and warm large part of the increased money!

The grain belts continue to be turn-over is due to the increasing St. Louis Cardinals gained their The government monopolist does not exist. He was shivering with

activity in trade and industry.

Afth National League pensant Innot mine the wolfram, but simply the beauty and significance of the Clearing figures may be said to eight years when they out-ran the bays it from the exploiting com- allver trumpet. It held almost cover wholesale trade, and note circulation forms a rough index, of world champions, in

haughty New York Giants, 1988 panies, which are therefore trying laughing note: "Ha-h-a-al Ha

thrilling to smuggle the mineral direct to ha-al Ha-h-a-a!" Three times retail business. Both are in a very Speculators bought and after-healthy state. British Wireless race towards the close of the sea-Hong Kong and sell, it at a better uke that a short note and a long son. The Dean brothers, "Dizzy" price. As a result, the provincial one, and then silence. save for ¡Service

and "Daffy" were undoubtedly the department of reconstruction which the other chiming clocks that did team's tower of strength; "Dizzy" operates the national products sales not matter, alone giving the "Cards" 7 shut-out ofce, is taking steps to prevent

the season. "Wild" Bill Hallahan, hero

London Silver Commend:-

wards sold at the advance. Market

closed quietly steady.

E. A. Pierce Co.'s Report

In their market report, the

Д

American Oriental Finance Cor- NEW DANCING HALLwins and 30 victories during

poration, correspondent for Messrs.

E. A. Plerce and Company New York state:

OPENED

"Stocks: The market was again New Majestic Ball Room

At China Emporium

in the resistance zone; with at least}

a fair chance of going through..

"Wheat:-The tone of the mar.

cash grain

LARGEST IN THE COLONY

smuggling.

DESIGNATED ROUTES

Cabal was back in the days when aristocrats went to the guillotinė and his jesting trumpet marked the of the 1981 duel with Philadelphia Sellers of wolfram to the govern- fading hours for a waggish count. Athletics, defeated the Tigers twice ment monopoly office are now re- A woment later he put his hand to in an exhibition game this year, quired to ship their goods along his watch pocket as if to check the but failed on Thursday in the certain designated routes, and those time, a little sprinkle of glass second match against the "Bengals consignments that deviate from the treatened his finger, one silver, of the Middle West". The "Cards" fixed courses are considered as piercing it, brought blood. wca the world title in 1926 and smuggled minerals and are subject He stood for a second looking at again in 1931.

Ito confiscation..

it, wondering what devilish impulse, Another

what prophetic insight, had made way to prevent smuggling is the requirement of him suddenly break that glass to a transportallon license at a find out the time the shop closed.) fee of $10 a shipment, and in after which the little watchmaker] each consignment the wolfram would be taking back this treasure to the man who 'would not sell it at must not be less than 25 tons. Further opening of wolfram any price. mines are prohibited by the pro- From three to seven is four hours, viacial authorities, because the pre-in which time a man may endure sent. stock cannot yet be disposed. much temptation. Cabal, returning Outport buyers complain that the to his boarding-house, fought with prices are too high, and are wait- himself in the streets and then alone ing for them to come down a little, in his room. It was typical of The price of this mineral has him, when he travelled from home decreased from $120 H.K. to $60 to choose some obscure but com HK, apicul."

ket was firmer on continued good support and on reports of a better shipping demand for

Nearly $20,000 was spent on the

AFTER 14 YEARS and also owing to a demand for elaborate decorations of the new Mickey Cochrane, the Tigers' new Flour. The Winnipeg market was Majestic Ball Room and Dancing manager, enabled the middla west strong, with large export sales Academy, opened last night at the team to break the eastern mono- "Cotton:-The market was small, China Emporium Cafe de Luxe. It poly of the American Legue when with hedging on the light side, Pre-is the largest dancing hall of its he guided the Motor City to their first American pennant win in 14

Bureau report covering has increas-kind in the Colony..

ed. Private cotton crop estimates With a capacity for over 500 have been probably discounted by guests, the interior presents a very Commission House buying and in attractive appearance, with conceal- sympathy with the strength ofjed lightning effects. A ten-piece other markets.

orchestra, known as the "Andrings,” "Rubber:-Further. London and supply the jazz music, Commission House liquidation, pre- The Ball Room la under the sumably on foreign account, hurt management of Mr. Fung Tak- the market again. Buying on a hang, assisted by Mr. C. Gray, who, scattered scale has appeared. has had considerable experience in "Flashca: N Analyst Inder of this kind of work in the Colony. Business Activity: 74.3, against

72.1 last week. Automóbile outputį

in the United States during-thej

past week amounted to $7,284 units, EUROPEAN FIRMS

compared with 18,329 units the

previous week. Money in sircula-

tion Increased by $65,000,000.

"The coming events are believed

to be Mail Order and Chain Store: stocks, which offer the best chance for profitable speculation, according to present indications."Reuter.

...

ISAKO CIRCUS TO OPEN TO-NIGHT

Largest To Pay Visit To Colony

ARE THREATENED

years.

KING HOLDS PRIVY COUNCIL

(Continued from Page 1)

By a fortunate occurrence three statesmen who hold, or have held; the office of Prime Minister in Dominion Governments were also in London and attended the Council. They were Mr. R. B. Bennett, Prime Minister of Canada, General Smuts,! Minister of Justice and formerly

TYPHOON NEAR

(Continued from Page 1)

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No. 10, Queen's Roid. C.

Tal. Boor of Wang ling

Jeweller's shop.

星景

Manager: K, N. WAN

Tel. 28755.

Now On Sale

CHINA YEAR BOOK

1934

The Chlua Year Book should be immediately accessible to the stad of every office in China. Its 850 pages cover the whole field of political, Anancial and commercial activities in easy reference form, and makes its absence a definite handicap as much to the small trader as to the diplomat. Very little of the contenta of this edition has appeared in previous issues, In the current issue, among other important documents, will be found:-

The Kajchman Report

Draft Permanent Constitution Banking. Lawa

Manchurian Railways Sino-Japanese Jesues

Price $20 Postage

4 China, 59, eta,

Hongkong 80 ctu. Abroad $2.00

and special articles on currency, communications, cost of Hving, trade prospects and statistics, the Chinese Government, pabila justice, telegraph, telephone and postal Information, and a Who's Who of nearly a thousand promment Chinese personalities.

The China Year Book is not written by one man, bat by a number of the princips! Foreign and Chinese authorities on the various subjects dealt with. Among them are:

Father E. Gherz!: The Climate of China'

Mr. E. Kann: Currency and Banking Father P. M. D'Ela: R. C. Missions Dr. Ta Chen: Labour Problems

Dr. M. T. 2. Tyan: Greater Shanghai

Mr. Owen Lattimore: Chinese Turkestan and Mongolia Rev. C. L. Boynton: Protestant Missions

Dr. J. B. Grant:, Public Health

-- The Editor, why is himself a leading authority on Chinese affairs, is the author of several works on China, Editor of "Oriental Affairs" and has lived for over thirty years in the country.

On Sale at

Messrs. Kelly & Walsh, Ltd., Hong Kong. or from the printers and publishers::' NORTH-GHINA. DAILY - NEWS & HERALD, LIMITED 17, The Bund, Shangbai.

First thing in the morning-

LEA & an excellent "pick-me-up.

PERRINS

STOCK EXCHANGE FIRM

SAUCE

fortable place like this where he |might preserve his incognito, ・・ As Cabal, the famous collector to per mit any publicity as to his move- ments was to court financial loss. As Cabal, he would have to pay five time the amount that an ordinary citizen might get a plece. SEAS BECOME: CALMER

Seated now in his room, he slouch. BY CANTON TAX Prime Minister of the Union of

Later messages from the 8.8. Cityed gloomilly in a chair, his overcont, South Africa, and Mr. Stanley Bruce, High Commissioner for Aus-of Cambridge state that the seas with its shielding collar, still-

New York, To-day--Stock Er- tralia and formerly Prime Minister appear to be mederating, giving risel removed, his keen eyes clouded by ing, which was eventually called of the

to the hope that the vessel may be the slightly smoked horn, glasses change does not plan to change the that protected them. Finally he rose margin requirements, which are loff.

Commonwealth.

pulled off the rocka. |_ Others = present were the Lord she carries a crew of about 80 removed the cost and glasses with Efforts are being made by President of the Council, Mr. Stan- comprising British officers and something approaching impatience, currently above the Federal reservo The amount allotted in bills at

ley Baldwin, the Lord Chancellor Asiatic, seamen

stepped to the mirror, and, by a deft on small accounts. United Press, three months was £31,510,000. The Lord Sankey, the Foreign Secre The Manila Observatory, at 9.40 movement added a final touch in per S. Levy and Company tary, Sir John Simon, the Domin

.m. to-day reports the typhoon in the process which revealed his true and the Archbishop of Canterbury-18 N. moving west. ions Secretary, Mr. J. H. Thomas, about longitude 115 E. and latitude Identity.

(Continued From Page 1)

the Provincial Department of Finance to collect the business tax first from those foreign Arma in the city, then those in Shameen, and finally those in other treaty ports of Kwang- lung.

Foreign merchants here wonder To-night is the opening night of why the Chamber takes the the Frans Isako's Circus, the big-ble to press for the payment of gest circus ever to visit Hong Kong business tax when this is the. The troupe consists of 200 European tion of the Provincial Departme Artists, clowns from every lajid, and 91 Finance. These letters are,

large party ♪ of ** Comsacks -

winners of the Infernational @New, the acon

York Raden

proving :::Pzin murgrossed.

Mak Lai-fung of No. 256 Lack and hart. Road, was removed to, the

Bain his hand now, was the mous

tacle that had altered his mouth; het stood revealed as a · pale who simɑsto

sant-looking, and of about forty, cious redeemed fefrom this

Continuki, on

Teffect.

nment Civil Hospital yester

suffering from the opium poisoning, ma

have self-administered in

tempt to commit suic

Luk Kvox Hotel, Gloucester R

TREASURY BILLS ISSUE -

London, To-day, The total amount applied for In tenders for the 295,600,000 Trea- sury bills issue was £65,260,000.

average rate po

per cent, was 15/0/7024 as compared "with |14/23ld. last week British Wire, ¡less Service,

CAR LOADINGS DECLINE

00, cars. riod of

Jast year