1931-08-06 — Page 11

I

Money and Markets

SINGAPORE SHARE STERLING ADVANCES

MARKET.

FRASER & CO.'S REPORT.

Meners. Fraser & Co's report on the Singapore whare market, dated July 28, states:-

AGAINST BILLS.

HONG KONG BANK IN. CREASES INTEREST RATE,

The management of the Hong Kong and Shanghai Banking Cor poration, advises that the rate of intereat for sterling advances made Entiinated shipments of Tin from against Bills from Europe on the the Straits for July are now placed East will be increased from 3 per at the unexpectedly high level of cont. p.a, to 9 per cent, pa, on and

aftor August 7, 1031 7,508 tous, and the continuance of Sterling Bills already renewed at the rate of 5 per cent. p.a. will heavy export aguren has had a do- bear interest at this rate until dua

and after August 7, the rate of in

HONG KONG DAILY PRESS, THURSDAY, AUGUST 6, 1931.

M.P.'S DISCUSS FILMS.

ATTEMPT TO WRECK CINEMA BILL:

PASTOR AS MOVIE EXPERT.

There were some sharp reterta during the proceedings of the Standing Committee of the Hound of Commons on the Sunday Per formancos (Regulations) Bill A determined attempt was made to exclude cinemas altogether from the scope of the bill,

On

CRIME KING TO BE JACK DIAMOND ON

SENTENCED.

AL CAPONE TO APPEAR BEFORE COURT)

HEAVILY GUARDED. AGAINST

RIVALS.

TORTURE CHARGE.

ASSETS

£13,000,000

TRIAL OPENS IN A GUARDED COURT,

ET APPOINTME

New York, July 13-The trial of Jack Diamond, the notorious rum racketeer and former bodyguard of Cicago: III., July 20-Scarface the murdered gambler, Arnold Al Capone, déposed premier of | Rothstein, began to-day at Troy, in American racketeers, beer barons New York State. and assasins, to-morrow will ap poar in cart to be sentenced to the fate the words "musical entertain-

similar amendment to de-penitentiary. Ho wae convicted ments" Mr. Remer (Con., Maccles well over a month ago on scores field) declared he would vote for of counts charging him with viola their retention because they made tion of the federal prohibition and

a stupid and ridiculous bill utili more stupid.

باد

...

The Attorney-General replied that at present the law was being open matter

ravenue laws

There was great difficulty in securing a jury owing to the fears of vengeance by gangsters, Tho court-house was crowded, and was surrounded by detectives and State troopers,

pressing effect on the price of the date, but if further renewed from ly broken. It was not a laughing Government witnesses to appear iniquor racket in the Catskill Moun- metal, which has been reflected interest charged will be" per cent occasion to complain of Mr. Rhys the "man they hped to convict isinins. Part of the alleged torture

the weakness of the Tin share market where quotations have experienced a sharp depline.

The price of Rubber has receded te 2d, per b. and practically no interest has been taken, in shares in this section.

P.A. frein date of such renewals.

17

The Attorney-General also had Davies (Bos, Westhoughton), who, bo said, had taken 20 minutes to ask one or two questions.

INCREASED ENGLISH BANK Mr. Bhya Davies, however, claim

ed the right to say what he thought RATE."

and take as long as he liked

it.

say

The bill seeks to legalise the exist ing practice by permitting the nu thcritica to license cinematograph and other performances on Sun. days.

rum-runners.

Diamond is charged with tortur- Federal Judge James H. Wilkerg Grover Parks, a cider dealer, son today ordered a number of whe was suspected by the Diamond gang of" "muscling into the court. They are o be present wher

sentenced. Judge Wilkerson in-

was the burning of the soles of the dicated that from the witnesses he victim's feet-n barbarity that ap wants to hear again of Capone's pears to have become popular with depredations, his fabulous profits, his ruthless disregard of the law, arrived with an escort of hard The recused, expensively dressed, London, July 31-In connection

and his victimisation of the thou-faced young men at the courthouse with the rise in the Bank rate it. is pointed out in London that al-

sands who suffered from his rackets, in his own limousine from "Albany, though shipments of goid from

Capone to-day spont his last day where he has been living in a England to France have been halt

of freedom in hiding in his ar-luxurious hotel under £7,000 bail. od at least temporarily the Paris exchange remaine a scurce of un.

Nonconformist Conscience. moured site at the Lexington By order of the judge his bail has certainty. For instance, yesterday The amendment to exclude cine-Hotel. Ha wife and twc eons now been discontinued. the French franc ratio was a mere matograph performances was mov-visited him. All precautions were. |point as 123.80 after being a point Oldham). To so many filma and pany'k books having been closed for above the export gold point for the picture palaces did he refer by title from purishing Capone before the dividend purposes on the 34th in-previous four days.

and naine, that several members law has declared how many years Conflicting rumours regarding commental stant, and the issue of the Rauh

upon his intimate he must serve in a federal peniten the outcome of the Bank of Eng-knowledge of pictures of a certain tiary. Annual Report is also anticipated lands negotiations for a £20,000,000 type. His reply was prompt. He shortly.

to £35,000,000 credit from the Book had, he said, made himself nc- of France led to the belief in some financial circles that the Bank of England preferred to raise its rato to-day rather than resert to a French credit.

Business in Industrials has fallen off during the week, only a few deals being put through. The Balance wheet of Consolidated Tin Smelters should be in the hands of share

holders in the near future, the Com. fraction above the gold exported by the Rev. Gordon Lang (Soc taken to provent, rival gangsters

The tone on the London Stock Exchange appears to continue de pressed, and all prices aro' down against last week's advices, Shell

Transporte, losing 5/- at 40/9 Mid-German economic and financial

dle Price.

Mining. Very little business can be reported in local Tin shares, and interest has been entirely confined to the smaller-priced stocks, Penwats being taken from 67) down to 6, Kinta Tin Dredges $81.09, 81.12 and 81.10 and Sungei Luas 81.04 and $1.02 Talams have: buyers at 70 cents, Sungei Luas $1.01 and Houg Facts 47 cents, whilst on the solling side, Rahman Hydraulics offer at 72 cents, Kuchais 77 cents, Clu Klangs 75 cents, Sungei Ways 81.02 and Mambaus 50 cents There has been nothing doing in Sterling

The opinion is expressed that the

situation may have influenced the increase in the discount rate of the Bank of England. This opinion is hold because it is now obvious that maturing German bills accepted in London are not likely to he met for some months. Therefore, the Bank of England, at least tem- porarily must assist the merchants and bankers already embarrassed through the loss in the debts which have been maturing during the last

How weeks

It is pointed out that there has not been sufficient time to judge the benefits from last week's one per cent. rise in the discount rate of the Bank of England. To-day's change in the third in the current year, and it comes after a rapid

serica of decreases from Eix

shares, but in Australians, Pungahscent, in October of last year to are now offering at 11/0, whilst per cent, the rate which was estah Kampong Kamuntings could be lished in May of this year. placed at 7/

Rabbers-Only a few bargains were transacted is an odd lot of Haytors at o1 cents, Allenbya 70. centa and New Scudais at 56 cents. A few Melaka Pindas are wanted

GOLD HOLDINGS IN

FRANCE.

quainted with the subject before speaking on it. "And." he added, "I would like to think that those who talk about the Nonconformist conscience know as much about about cinemas, Nonconformist churches as i know

staff,

„Racketeers” Alarm)

Governor Roosevelt considers the trial of Diamond à major incident in his war to rid New York State of gangsters and racketeers. He Plea of Guilty,

appointed Justice Cropsey, of the He pleaded guilty to the charges and uncompromising dispenser of There is no appeal for Capone,Supreme Court, known as a stern against him. The federal authori. justice, to preside at the trial, and ties ended his racketeering after the prosecution is in the hands of the municipal officials in Chicago the State Attorney-General and his had found themselves powerless to cope with the Capone organisation, "It is not only the films exhibit which gate Chicago ita reputation ed, but the atmosphere of the law city throughout the cinema and the costumes of those world. who show you to your sent which When Choone appears for sen- are not in the best interests of tence before Judge Wilkerson tc. young people. The flamboyant at.morrow the court room will be mosphere of the cinema should be heavily guarded. Fotteral agents closed to young people on one day and police reserves will oc-operate in the wiek,

in preventing any outbreak of "According to the film, no violence. Detectives will mingle heroine was a hercine at all until with the crowds, attempting to she had had four or five experiorate gun which may be hidden mental husbands and ran away and which may contain messages with someone totally different. cf lead for Capone, (Laughter.)

"That may be understood and np proved of by hon, members, but it is not the sort of thing I like to encourage."

Capone was to have been sen. tenced a month ago but the pro- nouncement of sentenes was most poned because his son was serious ly ill. He is believed to have ad justed his affairs and to be recon- riled to the fact that for some time his horizon will stop with prison

SHOPLIFTER'S RUSE.

ATTACHE CASE WITH A HOLE

Happy Sundays at Home, Mr. W. S. Morrison (Con, bars. pier

Taskesbury) said that the cinema. tograph industry was a vast foro with an amount of capital which few other industries enjoyed. It was controlled by people who had no common interest with us in the growth of the nation. He did not believe a single person would be one whit happier by going to the Paris, July 30. The report of the cinema on Sunday.. Most families. Banque de France for the week could provide a perfectly happy ending July 24 established a

new Sunday without paying 'someone to record for ballion imports. Dur- take them out of their sorrows. ing the period the bank's gold re- Mr. Isaacs (Soc., North South Industriala-After business nt serves increased by 1,245 million wark), said that for many people $20.30 and $26.23, Straita Traders francs to the staggering sum of Sunday was the only time they have a small seller at $26.20 and 57,893 million francs. The bank's could go, to the cinema. On Satur

at 60 cents and Kuala Sidima at $1.20, practically all other shares remaining a sellers, market.

Straits Steamships are wanted at 8213 after being done at this figure. Fraser and Neave Ords, changed hands at 812, Robinson Ords. 87.13, United Engineers $7.76' and a small parcel of Malayan Breweries was booked at 5 conta premium. Singa- pora Golf Club Debentures made

898 and 11ammers moved up to $180,

at which a fair number of shares have been dealt in with a buyer over, Amongst the Preference Issues, Alexandra Brick Prefs. had markings at $2.07) ex diy, and United Engineer Prefs. at $11.75, Consolidated Tin Smelter Prefs. be ing still in request at 17/0 cum, div, without attracting sellers. Gam- mons could now be bought at 813,90 and offers of Robinson Orda at middle price quotations would lead to business. Loans continue, firm with but little stock on the market. London middle prices cabled last evening are as follows:-British- American Tobaccos £2,15.3, Hong. Kong Banks £104.10, Dufls 1/0,. Dualope 19/6, Imperial Tobaccos £4.6.0, Courtaulde £1,70, Imperial Chemicals 12/0, Unilevers £1.10, Czecho-Slovakin 8 per cent, £109 and Argentine 3 per cent. £84.

1831.

Tons

3d.

Tin Bold Price *£113.16.0 100: 837.00

111. 3.0176 35,02}

5/16d;;' 110:" 5.0-50. ́· 55,60, 2.15/16d.

25:55:28 110.10.0 100 % SAINE;

999 millions.

EXCHANGE RATES.

IN THE BOTTOM,

The importance of the Diamond trial is aled fully recognised by the racketeers; who subscribed £10,000 for his defence. His counsel in- clude a former Albany City judgo and a former Public Prosecutor, Diamond's colleagues fear that his conviction would set the pace for a series of sentences that might rout the racketeers for good and all. There are other charges against the gaugster, including kidnapping and coercion, which might mean a semi- tence for life. Pe

It is expected that the jury will be completed by to-night, and will be selected from a panel of 130 men, chiefly small farmers, many of whom have experienced the terrors of gangster rule in the Catskill Mountains. A picked squad of police from New York City has been sent to Troy to keep a close watch on Diamond and his associates. To-day they are examining charges that £3,000 will be given to any man, on the jury who secures dis- agreement.

Midnight Revel : W Diamond will plead "not guilty," and will call seventy witnesses to. prove an alibi. On the eve of the

Hampstead, was remanded at West hotel, where he is registered as trial the gangster, and his body. Margard Johnson, aged 3, of guard made merry at in Albany London Police Court on a charge Jack Duffy," Drink flowed free- of stealing from a store in Highly, a negro quartette played jazz, street, Kington, a beach suit and wireless was going until early and undergarments, valued at 153, this morning.

Bd.

holdings of foreign currencies, co

Mr. J. A. Morley said she was the other hand, decreased by 100 her shopping and domestic duties, seen in the store with an attache day night the wife was busy with millions, while short-term credits to and it was father's turn to bath case, and excited suspicion because foreign banke show a radiction of the babies.

sho seemed to make a point of put Sir Alfred Butt said that cfting the case on top of articles on course it was not possible to deny again in one case the silk unders the counter. When she picked it up to theatres what was granted to.

garment bad gone. The garment cinomas, but there was nu renson why both should not be given what and the beach suit were found in they wanted, with safeguards. Ho the attach case. could not bring himself to believe that young people of both sexes should be permitted to go on Sun- day night to see films like "The Call of the Flesh" and "The Blush ing Bride" and he denied seeing Shakespeare.

The amendment to omit cinemas was defeated by thirty votes to ninc.

(BRITISH WIRELESS SERVICE}

Paris New York Brussels Geneva

Rugby, August 4.

193.90 4.85 13/16 34.84

24.01

Amsterdam Milan Berlin Stockholm Copenhagen Oslo

12.043

09.00

20

18.18 18.164 18.101

Vienna Prague

Madrid Lisbon Athong

34.57

104.

Helsingfors

1037

54:25

110

Bucharest.

375 817

Rio ..... Buenos AiresS...........

1/89 1/27

11-

Bombay

Shanghai

Hong Kong

Yokohama..

Bilver, spot & forward · 13-1/16 ...FOX G...... ...F ON G..

SCOTLAND YARD

COMING KING'S

PICTURE

Concerts in Taverns.

The question of what is a must. cal entertainment was raised by: Mr. Rhys Davirs.

"Intep years experience of the House of Commons," said Mr.

Davion, this is the first time”~I- have heard anything said on the subject of music, and it is the first time I have seen the word in a bill."

adopted a method of shoplifting "Johnson," said Mr. Morley, which is quite novel as far as my experience goes. This attache case has a large square cut out, making

ment inside"

Not a beer-keg was rolled in Troy County to-day, and there was a thirst for miles around, because speak-easy" owners leared an invasion-of the Federal authorities during Diamond's trial. Jack was acquitted.

DIAMOND'S "PAL" SHOT.

RIDDLED BY GUNMEN.

New York, July 4-Charles En- was to piste the case on the garformer nasistant of. Jack (Legs) a false bottom, and what she did. tratta, wholesale bootlegger and ment, open it, and draw the gar Diamond was "put on the spot" in Det. Sergt. Cude said that John-men. They calmly shot him down Brooklyn, New York; by three gun- son told him that she took the art in the office of the Winklenfeld clos because she was going on holi Bottling Company, and quietly do day and wanted them,

parted..

consisting of the performance of music with or without singing recitation."?

cr

Muse-Halls Excinded They had purposely drawn the definition narrow as to exclude If musical entertainments were music-halla Ne buman being could licensed, he asked, would the or define when music ended and where dinary music-hall be entitled to it became a comia turn. It must be open on Sunday? In Lancashire ita question of fact, and they must was usual to have concerts in pub trust the licensing authorities to lic houses would, the brewers there exercise that modicum of good sense be allowed, to claim licences for and judgment which they had their houses 1

hitherto ahorn

Mr. Hopkin Morris (Lib., Car digan), recalled that Bernard Shaw had said that "music in the brandy

Entratts had the moment before driven to the bottling factory in a luxurious motor car driven by a liveried chauffeur He bad barely sat down when three gunmen en tered with drawn revolvers, fired a fusillade, and left. The bootleg ger's body was riddled with bullete.. and he died immediately.

Once connected with the gang of the gambler, Arnold Rothstein, Eu tratin served four years in prison for robbery, and had a long police record. A ANG TAN

On the night of July 13, 1999, he and Diamond were behind the har of Hotey Totay Club on Broadway when two men were killed in n shooting affray, Entratta was tried for murder and acquitted

"I gather said Mr. Remer, that in an entertainment it would under the bill, be lawful for the hern to make love in soug but un of the damned. The words "musí. The police, believe that Batratta lawful for him to make love as cal entertainment" would seriously was the victim of gangster war you and I do. Again, a ermedian extonil the rope of the Bill. There fare. They are investigating a re could be funny in song but not in would be mircely any musical enport that he was living with Marion patter." I

tertainment which, with the ap- Roberts, a former aweetheart of The Attorney General pointed-proval of the licensing authority, Dinmond, who is wanted by the cut that under the Bill a musical might not be given on Sunday,polics in connection with the kid- entertainment was defined as 'a'. The amendment to exclude "musi, papping and torture of a Cateki!!. concert or similar entertainment cal entertainmente”, was negatived, truck driver: Diamond in awhiting (Continued at foot of next column,) and the committee adjovined. trial charged with the same crime."

11

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