1930-06-12 — Page 13

12

DEATH PENALTY IN THE ARMY.

GENERAL'S STORY.

VICTIM

REALLY DECENT SORT,"

4)

HONG KONG DAILY PRESS, THURSDAY, JUNE 12, 1930.-

Money and Markets

WOOLLEN INDUSTRY

WORKERS ACCEPT WAGE REDUCTION.

[THROUGH REUTER'A AGENCY.)

LONDON, June 11. Four of the trade unions engaged in the raw wool section of the wool textile industry have now officially advised their members to accept the reduction of 10 per cent. and an almost general return to work

DECLINE IN US. TRADE WITH CHINA.

An intensive study of the causes of decline of American exports to China, including all Chinese trade relations, appears to be assured, as a result of the Senate Foreign Relations Committer's favourable report on the "Pittman resolution authorizing expenditure of Gold $20,000 for this purpose.

"If you tell the unvarnished truth you sometimes must appear to be sensational. The majority of the world likes to walk about in blink ers," said Brigadier-General F. P. Crozier when discussing with a re-: porter his book, "A Brass Hat in No Man's Land," which was pub lished last month. In this book the General tells stories of a private being shot for cowardice and deser tion, a bullying N.C.O. being blown on the employers' terms is expect-mercial Treaty. up by his own men, battalion comed forthwith. manders to whom the safety of the line was of less importance than. the whisky bottle,” and other episodes of the grim and sordid side of modern warfare,

Referring to whisky-drinking in the line, General Crozier said: "I do not say everybody in the line was drunk. I think very few were drunk. But there is a great difer- ence between drinking and getting drunk. I would point out that the canteens were able to hand over huge profits out of the sale of liquor despite the fact that they had to wipe off tens of thousands of pounds damage to stores by enemy

Kuts.

"My experience of the front line was that there was very little drunkenness. There was too much drinking behind the line. I blame the people who supplied the drink rather than the men who took it. I had one or two cases under my notice where officers were not able to carry on their duties because of drinking habits. If liquor had been cut out altogether from army sup plies a lot of trouble would have been saved."

اج

The Death Penalty. Speaking of how he personally supervised the execution for deser tion for a young soldier who was made helplessly drunk before he was shot, General Crozier declared, I would do it again, I saw to it that he had enough to drug himself thoroughly. I look at it from the humane point of view. He passed out all the happier for it. He was quite a decent sort of fellow really. Why should be suffer the agony of waiting for the end? He had offended against the law of man only."

General Crozier added that the question of the death penalty in such cases must be regarded not from the personal feelings of the individual but from the safety, of and the State.

the army

In conclusion the General ob- served: "I am câtirely for abolish- ing war, but if you put men into war you anrst leave it to those who have to carry it through as to how it shall be done. War justifies everything men do to secure victory and, to bring hostilities to an end."

MANY U.S. GRADUATES TO SEEK WORK.

(UNISED PRZ88.]

San Francisco, June 3-With the universities and colleges of the state of California graduating nearly 10,000 students within the next few days, the total number of graduates for the entire United States is estimated at nearly 147,000 men and women.

A survey of the situation indicates that relatively few of there are placed in advance, and that in all "probability the already grave sinemployment problem will be aggravated.

Most colleges reported that the demand for their graduates was declining sharply. This was pre- sumably, due to the general de- pression throughout the country.

Motorists who find difficulty in obtaining parking spaces can take

bin from Washington DC

to discover where automobiles can find resting places. It is only

a move, however, to determine in

what sections. the heaviest traffic ia found and at what hours.

HUGE LOSSES BY U.S."

BANK.

L

ฟ

ALLEGED EMBEZZLEMENT BY

MANAGER.

(THROCOK REUTER'S AGENCY.]

CINCINNATI, June '10. The Cosmopolitan Bank & Trust Company has been closed by the bank superintendent owing to the discovery of a shortage of nearly G.8600,000 in the accounts

Henry L. Doherty & Co., the that the shortage was due to a Cincinnati branch officials, stated

deficit of over $1,000,000 on ac- count of A. Shafer, manager of the Doherty Company, who has beca committed for trial on a charge of ambezzlement.

-According to the bank examiners, Shafer "kited" customers' chequee in an effort to recoup his losses occasioned, by the collapse in the Stock Market..

BROKERS' LOANS IN

UNITED STATES."

RISE AFTER SEVERAL DECLINES.

[UNITED PRESS.]

Washington, Juno" 5.-Brokers' Icans once more showed a rise for the present week after several weeks nouncement here to-day. of declines, according to an

20-

The rise amounted to G.879,000, 000, raising the total of loans to G. $4,087,000,000.

This compares with a 1930 high total of G.84,234,000,000 and a low of G.83,341,000,000.

EXCHANGE RATES.

[DRITISH WIRELESS SERVICE]

RUGBY, June 10.

193.89

Paris New York Brussels. Geneva

Vienna Prague

Madrid Lisbon Athens Bacharest

Rio

4.85 27/32 34.81 23.081...

Buenos Aires

(Continued on next Column.)

of the investigation, to be in posi

The committee desires, as a result

tien to offer a remedy for the situation possibly including modi- fications in the Sino-American Com-

It is believed that the resolution will be passed and will receive the signature of President Hoover dur- ing the course of the present session of Congress."

U.S. EXPORT TRADE DECLINE.

{REVIER'S AMERICAN SERVICE.]

WASHINGTON, June 10. The returns of the Department of Commerce show that the export. trade of the United States during April: declined by $100,000,000, as compared with April of 1929.

BIG BUSINESS AND US. TARIFF.

ALLEGED OPPOSITION TO BILL

[UNITED FEESS.]

Washington, June 3-Represent- ative Harold Knutson of Mia- nesota, alleged to day that "big business" in the United States was opposing the passage of the pre sent tariff bill.

Among those whom Mr. Knutson declared to bo part of this under ground movement were Mr. John J. Raskob, Democratic national chairman, and Mr. Henry Ford, motor magnate.

DAILY SHARE QUOTATIONS.

HONG KONG STOCK EXCHANGE.

SHAREBROKERS ASSOCIATION.

Buyers

Bellert Sales

WEDNESDAY. JUNE 11,

Buye❘ Ballers

Banka

HK. Banks...

Do. (London)! Chartered Banks Mercantile Bk "À'

FOREIGN MAILS

.'

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INWARD MAILS.

Fron

Pxz

Don

$1,530

$1,530 #1,525

SHANGHAI End EUROPE via SIA

(London, 34th May)

4.

Koenigsb.rg

12th

Jaco

£109

JATAN...

Biode Jonaro la ru

1rtu

E17

£171

JAPAN...

Mishima Muris..

13,6 June

€99

£29.

£191

Do.

H

2121

EUROPE VIA NEDAFATAK (Letters only

Loades, 15th May)

***

...

Hong Hwa

13th June

$121

Bank of East Asia...

444

$121

JAPAN

and SHANGHAI

Fushimi Maru..

13th Jalo

Insurances

SHANGHAI and SWATOW

U.S.A, HONOLULU, JAPAN and SHARO-

Shantung

14th Janu

Prez, Johnsch

14th Juna

$3.16

Canton Insurancos.. Underwriters

$960

$8.85

T.160

***

T160

$475

$470

M.$50 Yangtare Insurance

$60

China Fires....

8400

HAI (San Francisco, 16th May) BURGER TÍA NEGAPATAM (Papers only

London 15th Aisy) www LONDON (Parcels Stu May) and Stuarts... JANADA, U.S.A, JAPAN and Sandale]

(Vancouver, KC, 29th May) U.S.A. HONOLULU, Japan sud 'SxanomalĮ

Kubang Fyrihut...

18th Juno

Amprend of dais.......

Pres. Lincoln

18th June 16th June

18th Jane

(ban Francisco, 23rd May) ....

Australia and Manama

Laki Maru

JAPAN UND SHANGHAI

3400

1905

$950

North China..

Union Insurance...

H.F. Fires......$960

Shipping

Douglassa..... 33

$23

Steamboats ...............

$43.

Indos (pret)

$40

Do. (def.)

96/3

Shell Transports ...)

Water-boata

Mining

Benquets......

T1310 Langkata (comb.)

BE

41/3

Kailans ......

1.8

T1.30 T.61

Explorations....

Do. (singls) ...

T1.30

Shanghai Leana.

T.01

$25!

21/-

Tronoh Mines ******

Docks, WharveS,

$170

$170

$3.60 $5.65

fort

$12.15 $1430

$811. 889 T.285

Raubs148) 3629931] $20

Godowns, etc.

H.K. & K. Wharts... Providents.......... HK. Docks ******* T.133 Shanghai Docks,

Now Engineeringa Hongkews...

Cotton Milig

Ewos

$11

$18

HK. & S. Hotels... H.K. Lands Shanghai Lands... H.K. Resityauxpres Humphreys ***** Chinese Estates....

Public Utilities

8931

JAPAN 101 DHAYODAI

143

STRAITA

14

JAPAN...

$40

98/3

$391

UT!!!

54/.

T13.10

T

UNIA, MONOLULU, JAPAN and SHANG-

HAI"(San Francisco, 24th May)

Andra Ledos

...Shingo Maru·

零件

4

Kanpura...

Haruna Maru

Tango Murn

OUTWARD MAILS,

17th Ja

17th June

18th Jane

Muth June

92nd June

3rd June

REGISTERED and PARCEL MAILS are closed 15 minutes earlier than the time given below unless otherwise stated, and where mails are advertised to close at or before 9 a.m. registered and parcel mails are closed at 5 p.m. on the previous day.

0.2.0,

Straits, Ceylon, India, Mauritius, East and

Bouth Africa, Aden, Egypt and|| Fushimi More... itera EUROPE via Marseilles-due Mar neille 14th July

Bag, 5.00PM

Letters 5.00 PM 6,00 z M

}dæturday, 14th,

Fox

PIE

DATE and TIME

21/

Thursday, 12th,

Haiphong vis Hoboo...

Borneo

8.3J AM

Shanghai, Japan and *KURUPE via Siberia Tenyo Maru HONGON, BÉO, wnd "Enphong

AUNC

$170

shanghai

***

Oity of Madras

12:30

$5.60 35.70 85 601

841

Saigon and Farcels only for Germany via

Hamburg

**

...) Koenigsberg`

7.132

Smator...

Lydrangea

18.30

Macao

-

Sui An

8.30 AM 2.30=

1:30 PM 3.60 ■

3.15

saigon

Shun Chih

4.30

T.286

한편

Straits, Ceylon, India, Mauritius, East and Sonth Africa and South American Forts...

Rio de Janeiroklaru

5,00 PM

T13.30

T13.40

T.86

S'hai. Crons (old)...

T.35

Friday,

13th,

P-col

Noon

Do. (BAW)...

7.84

T,10

Zoong Sings.co

Calcutta via Straits

Qui Sang

Le tera

1.00 PM

T.10

Swalow, dray sua Fuochow

Huiyang ...

1,00 23.

Kowloon P.O.

Lands, Hotels and Buildings

Beg, 4.30 za

4.30 P

312.10 18/10)

$811

***

Тангаде

Ohung Kong

*

$10,80

$184

Hoihow, Pakhoi and Haiphong

Foocho via Nwalow...

Mantis

Menado Maru. Chip Shing. Pra, Johnson

141

$0.10/20

Tramways

Peak Trams (old)

$20 $12!

$20.20 $20.15

8,90 AN 5. Uri 5.00PM

Sunday, 15th,

$36

Star Ferries ***

$83

Swalon, Amor and. Formoss Bangkok via Swatow .......

Hozan Maru Kiangu

9:00 AM 9.00 &

+4

827

$231

377

HK

761/78

$23

Macao do.

810 $17+

Bandakan Lights

Telephones

T.20

China Buses stu

S

$17

Japan, Honolulu, Canada U.8.A., C. and, i. Amaries and *KUROPE via a Francisco due San Francisco, 9th Julyj Shanghai and ⭑EUROPE via Siberia

Pres Grant

...Reg.

Hotters

Prea, Gründ

•

Monday, 16th, carcats 3.00 Fai

4.13 PM

5,00 PR

5.00 I

Lectore

Tractions

sta

6/9

18/0

Da (pret)

Tuesday, 17th,

Amoy

8.30A Kousicon P.U.

Industrials

T11

T.10

aigon, Straita, Caylon, India, Mauritius,

East and Booth Atrion,

* Egypt and *EUROPE via Marseilles

$21

Canton Iceste

$17/

35g

Do.

(DAT)...

$8.40 $8.55

Ropes

$1

China Sugars--o--sa

$27

Malabon Sugars....

8.80 AM

3

1

General Motors, according to the Minnesota congressman, desired to import automobiles from abroad, particularly Germany, where Amer-

can

industries had invested G.$3,000,000,000, including the $5.10 General Motors purchase of the Opel plant.

Mr. Knutson also accused the packers, shoemakers and bankers of being interested in the preserva- tion of low duties on various im- ports

At the same moment Senator Pat Harrison of Mississippi was leading the final Democratic attacks upon the tariff bill in the Senate. "You Republicans." he shouted. "should pray that this bill won't be voted on before the November elections.'

AMERICAN STOCK

#

$20.90 #12)

Des Moines, June 3.-Representa- $17.10 tive L. J. Dickinson, running on a $12 platform of endorsement of the pre- sent tariff bill, was conceded late to-day, to have obtained the Re- publican Senatorial nomination for Iowa with a total of 167,207 votes thus far.

Hong Kong uitgema

QUOTATIONS.

LATEST WALL STREET PRICES...

Do (new)... $61

C. Lights (old)......

Do. (now)

Electrics

44+

Caldbeck, (ord.]

Macgregor(pref.)

Cementa (comb.) $17.20

Do (old)...

United Asbestos...

Miscellaneou

Dairy Farms

Der A. Wing................

Amusementañas

܊ ܐ ܊ ܃ ܃ ܃

17/.35

$12

13 : 9 1

+

- "dus Marseilles, 19th July

Swatow, Amoy and koochow Hanila Monila

tre

Kei

471

T

Bwatow

Kuliang

Aden,

Andre Labonetters

{ chetig=

[G.P.V. Bog. Lettora

1.00

1.00

1.45 PM 2.30.1

Hai Ning...

+

Prea. Izpoln

9.50 PM 4.90

Hepang...

A Maru...

Tatsula Maru

Empress of Axis .....]

Kishima Maru Haiching...

Banpura

Wednesday, 18th,

9.30 5.00

Beg. Thursday, 19th, Letters 8.30AM-

Thursday, 19th, Parcels 5.00 M Hog., 20th,9.45 ́ Letters 10,84) A M

Friday, 90th,

8.30x 1.00 .. Kowloon P.0. Parcela 4,30 z Məgüzlet, 9,00 AM Lotter 10.00 a ̃a G.P.C. Par 20th,5.00 = R g. 21st, 945 a su Itters 10.80's y Saturday, 31st,

18x

Monday, 23rd,

fiinsang

Haruna Mar

10.30

Bog..

6.00

Inesday, 24th,

Letters 8.3X

Amsterdam

12:08)

-Milan Berlin"

92.78

20.301

Stockholm

18.101

Copenhagen

18.16

Oslo

18.151

34.44)

1931

Governor John Haetmill has poll- ed 01,515 votes from the precincts at present counted.

326

$261

$1

Japan

Bhanghai, Japan, Honolulu, UB.A., Canada, Central and South America, and *EŬROPE via San Francisco- dze Can Francisco, 10th July

++

***

$29

Helsingfors

1927

40.92)

$1.00

Constructions, n.......) $1.80

108.25

$3.70

Lane Crawfords ...

$3.60

Bombay

1/51

375

$18

Mackintoahs

Shanghai

1/01

Nanyang Tobacco...

Manila, Australia and New Zealand via Thursday landdu Thursday Laland, 1st July

Changla

818

1/13/16

$191

Sinceres (old)......... 8114

5 25/32

Yokohama

2/0 13/16

'Do. (new)

49 7/18

Silver (spot)

10}

$13

Watsons

Shanghai and Japa

Silver (forward)

16 11/16

$2.63 Wm. Powells ...................

Bwatow, Amoy and Foochow

66% B. Ind. G. Bonds....

91%

prem

H.K. Gort, Loan ..

$108

Straits, Ceylon, India, Maxciting, E, säd B..

Africa, Aden, Egypt and BUBOPE via Marseilles-due Alurveilles, 18th July

'LOCAL AND REGULAR. OUTWARD. MAILS,

WEEK DAYS,

(SUNDAYS & HOLIDAYS

Fandakan

FROM G.P.O.

FROM SHEUNGWAN BRANCH PO.

FROX G.R.O.

FROM |ÕHKUNGWAN BRANCH 2.0.

Shanghai

(7,30 sm, &

Latest Sales.

Canton

7.00 7. Bandsys

Lonly

110.

(7.15 m. & 7.30 m, à

38

Macao & Tainahan

24

(7.15 3.4 7.80 8.m. ¿1.15 p.m.

(1.10 p.m.

1,80 Pelle

Bundays 8,15 mi

30%, A

31

Lanly!

None

1.30 p. Sandara 6.30 Lonly

Kongmoon (except Saturdays)6.00 p.m.

6.00p.m.

*100 pa

8.00 g

8B

Electric Bond and Share

60

Kaukong (except Saturdays).

6.00 p

88

None.

Fatahan (By Train)

7.15.m.

General Motors

7.15 Butthe

Tai O

9.00 1.171.

9.00

€0.00 mm. &3)

9.00 $

3.00p.m.

+11.08.20

The following quotations have been received from their cor respondents, Mesars. Hayden, Stone & Co., of New York, by Messrs. Swan, Culbertson & Fritz, Sassoon House, Shanghai, (cable address: "Swanstock," Shanghai), who are not responsible for cable mutilations-r

Tone of Market.-Strong. No. of Shares done.-4.300,000, Call Money 3 per cent..

American Smelting Anaconda Copper Baltimore and Ohio Borg Warner Continental Oil

City Service Common Curtis Wright Cominon.

Eastman Kodak

Erie Railroad

General Ry. Signal

Gold Dust

Goodyear Tire and Rubber

Granby Consolidated.

Hudson Motors

International Cement" International Nickel Montgomery Ward Nevada Consolidated

Sears Roebuck & Co.

NEW YORK, June 19, 1930.

Last Dividend.

Tai Po

Shinchan

Cheungckow:

Antan, Pingshan, Bartin,

[7.15mm & 7.30 alm 10.00 pe (7.00 pm,

7.15 am. 6:00 pm Bundaya (5p.m. only 7.00 pm

Mania, Australia and New Zealand, via

Thursday island-due Thursday. Is- Tango Marui land, 7th July

*Superscribed "correspondence only,

2000 đi

8.00 p 12.30pm 1.& 4.80 p.m. Saturdays 1.00 p.m. &

11.00am {£480p.m.)

100 Patte

10.10.

430 pazila

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3E

Standard, Oil Co. of New York

-1.00

Shatir, Bhatankok mad Shaungahint

3.00 р.

430 p.m.

Union Carbide and Carbo

2.60

U.B. Rubber,.....

Мода

Namtan, Bhekki & Taiping

(Funis)j

7.00 p

United States Steel

Salkung

k

.