1931-09-26 — Page 6

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Two sides of the question

There are two sides to the question of shoes comfort and appearance. · Many a man unnecessarily sacri the one to the other."

But in K “Plus Fitting Shoes you “get it both ways." They are made with the

foreparts one fitting wider than

the heelparts (See diagram).

The result is a close non-slip fit at the heal and plenty

of room across the toes. And as for appe

just ask us to abow you K Shoes.

Mackintosh's

Announcement

ELIZABETH ARDEN

is sending her personal representative, Mrs. Ann Tripler, who has had years of experience in the ARDEN SALON to visit, our toilet preparations department on MONDAY, September 28th..

Do come in for a private consultation without charge, and receive her personal advice on correct care and treatment of the skin. The representative is not permitted to sell Preparations. LANE

CRAWFORD, LTD.

First Floor.

A PRESSING NEED."

Every one can't afford a ralet but everyone can afford to have" their suits, dresses and other garments looking like new, by, the use of the Bleam Leandr

Aleterin

True, the up-to-date equipment we use is costly-that's why some still cling to the old fashioned methods which merely mat down the fibres and deaden the fabric. But Valeteria press ing costs no more, You'll liko the way your suits and dresses come back to you saft-dried. The Nap ie raised, the lustrous. look of the fabric is renewed.

THE STEAM LAUNDRY CO. Sanitary Laundry

Dyers and Dry Cleaners

HEAD OFFICE & WORKS, Mongkak, Tel, 67032 KOWLOON. HOTEL DEPOT. TAL 38008,

HONG KONG, DEPOT, fo, Queen's Bond Central, Tel. 91279. PEAK HOTEL DEPOT. T.1 29071. PENINSULA HOTEL (Vinton only), devenais, HONG KONG HOTELL

SPECIAL VALETERIA SERVICE.

No 3. Peninsula. Halal Amadi, TALES6811

304, Nathan Road (Next to Majestic Theatre); Tel. 36206

60. Queen's Bond. Cantral, Tel. 21379.

HONG KONG DAILY PRESS, SATURDAY, SEPTEMBER 26, 1931,

MR. PEPYS IN HONG HONG KONG STOCK CORRESPONDENCE"

KONG.

-10th.—This day I remember to bo the anniversary of the typhoon twenty-five years ago, which did strike the Colony so mighty sudden that there be no warning or little. And many hundred drowned and sank. And it do seem to me most marvellous that our knowledge Ido advance so that in these times we havo full knowledge of the laws that govern these stormus, so that but three weeks gono MrT Claxton unable to give ample ward-" ing tho the typhoon formed but a short distance away. To the Club for our Saturday discourse on the verandah where come Creed and Sir R. Harperion, Mr. Povy, Mr. Ashby, the lawyer, and Polling who is a mighty witty fellow, albeit his wit at times is not of a delicacy suited to the Company Creed speaks of the offence given by Col. Lindborgh to Nanking, but as Mr. Ashby do my he hath been so pampered by his people, it is no wonder. Sir R. Harpenden, speak ing of the Navy, tells us that he hath it on sure authority that the Navy will accept & fair diminution of pay cheerfully, both at home and here. Which I do verily believe, for the lower deck men have ever proved reasonable and herein set a mighty good example to the Labour party who will not abate one penny of their wages or doles

Sir R. Harpender spoke also of the Tennis Team for Shanghai, but, Lord, without the three Humjahns, Cassumbhoy, or Honda it do seçm but a shadow side. The ladies mighty good, and I doubt not, they will do well. But to fix the dates so that a British Colony's team do travel by an American boat do seem mighty strange, to mo,

MARKET.

YESTERDAY'S TRANSAC

TIONS

[A/h fottere, intended for publi. cution must be nodumpanied by the name und addrest of the writer, not for public son, miniem, so desireu, but ar evidence of good faith. --ED.]

THE SHARE, MARKET.

The recovery referred to in zursday

day afternoon's report lyna well maintained yesterday morning (ro THE EDITOR OF THE HONG KONG with vory few shares offering Ap parently, the liquidation for Settle ment account has more or less-ex-Sim-Up to the beginning of this hausted itself.

Banks were on offer at $1,800. Unions would have been obtained

$600.

Underwriters had sellors að 36. Steamboats were on offer ht. 828, and Waterboats had buyers at the

same rate;

Bauba were dealt, in at $37]= Waarvan were in demand at $150. and Dooks were also in request at $30.

DALLY-PRESS)"

week the World slump in Stocks and Shores had left the Hong Kong Share Market untouched and by reason of the little backwater in which we live and the onsine!! of money in the Colony, wo have experienced a mild boom on the local Rialto There is no question but that in isolated instances prices. | have been infinted but this is only sa in the case of one or two of the more speculate counters and on, tho whole, though the return

irn obtained on local investments, as at last week's prices, was small it com- pares favourably with the return obtainable on investments in the great financial cities of the world, Lands, after being done at $88, whore dividends are at present the closed with buyers at this rate, exception rather than the rule,

Realties which were done at 151 and $15), were on offer at the close

Providenta (old) changed hands nt of The new shares could have

boen obtaineil at, $3.10

Hotels" (old) had enquiries at 15.30 but sellers were asking 15.80.

Ewas were in demand at Tls. 151.

Trama, after being done af 481, closed in demand at this quotation

Chins Lights wore negotiated at 1971, but closed in request

201

Electrics were wanted at #60. Telephones (part paid) were e quired for a at $30

Cements (combined), after being

BASIN LAGOS done at $181, were in demand ht $181, but sellers were asking $19. Dairy Farms were on offer

From the morning session, prices were well maintained and in some instances an advance, has to be re corded.

433

Lord's Day. This day comes the gravest nows from the North, of trouble between the Japanese and the Chinese, and rill || $32. that be of Bicertainty. That the AFTERNOON TRANSACTIONS. Japanese do occupy Mukden. But of the cause there be two versions,, The Japs aver that the Chinese attack the railway and blow up a bridge with explosives, while the Chinese maintain, that the Japancas did attack. And there I suppose it will remain, sa I doubt we shall never find an agreed story, How ever, it may be, I do pray most heartily it may be settled, but in any case I see most clear it be no business of ours save what the mand at the former quotation. The League of Nations may effect. new shares changed, hands at $21, Upon the Peak Team this day I see they do remove the white and at this rate there were further letters but, as ever, it prove engy buyers.

Cantons could have been obtain cd at 31,500.

Providents (old), after being done at 52 and 85.80, were in de-

The fact cannot be blinked that the local market has received a severo jolt this week as a result of the British financial orisis but if the situation is analysed in sobor- minded serioushoss, it is surely obvious that the repereussion on the local share-market is solely at tributable to a few panic-stricken speculators or investors. There has even been talk of a similar debacle must be apparent that the con- to that experienced in 1923 but it

ditions are totally different. In 1923 we had to contend with a boy. local industries and we had a high cott and strike which paralysed

rate of exchange, which enabled money to leave the Colony for in- vestment in more productive fields. To-day local industries are prac tically all in a flourishing condition and unless exchange were to recover to an impossible extent, thero is no inducement whatsoever to take money out of the Colony do not think the most optimistic person has any hope of an immediate or to a level which will result in even early recovery of the dollar

money leaving the Colony; and in Buch circumstances there is no

on to anticipate that there will be any reduction in the money available for local investment.

and the fact has to be faced that At the same time, panic in one. of the most infectious of diseases a few panic-stricken investors or speculators might, foreet n crisis on the local market. The fall in share prices has been general and not in- We considerablo, in extent and while it is hard to imagine that the at 20, at which there were buyers average of prices should fall be yond the present level, it is up to at the close. For the new shares the local Exchanges to make assur there were buyers at $191, anes doubly sure and adopt qual Realties, which were the medium remedial measures as they think it of sales at $15

in order to restore local confidence. and $15.65, closed with buyers at 8151.

to roar the landscape but less easy Humphraya (old) were dealt in to mend it. The weather much cooler but I do expect of rain. This evening planting my sweet peas, and so tired to bed.

Telephones... "{ phrt paid)," after changing hands at 8301 and 831, closed in demand at 8301,

-21st- Nowa from the North un- certain but it be mighty clear Japan has occupied many placca in

I would suggest that one way in Manchuria. And what the end of

which local investment could be. it will he, God knows. The news. Ewos, ⠀ which were reported to encouraged and confidence, thereby that Britain do 'depart from the have changed harsis at Ts. 15.70 restored would be by a temporary gold standard concerns us mightily and Tis, 15.85, were sold to Shang The brokerage paid in Hong Kong reduction in the scale of brokerage. but I think that fem of the publique rightly comprehend of the mattor.rai at Tis 18 and Tis: 10,05, and is on a very high scale indeed as The dollar rising and. I. doubt, not closed with buyers at Tis: 15.60; compared with other markets and it will do so more, though whether Trams were done at from #21} to could be reduced by a large per- to stay I know not.

$22, and at the close there were centage and still Itave brokers on buyers at the latter quotation.as favourable terms as their less *. Electrios were disposed of at 880, fortunate brothera in other cities. and at the close there were sellers Take a stock standing at $20. The investor has to pay 2012 cents brokerage on the purchase and the same amount on the sale, so that the stock must appreciate more Cements (combined) were the then 40 cent before the investment medium of sales at $18.90 and 819. shows any capital appreciation. but at the close there were buyers. If the brokerage were reduced to at B18 with sellers asking $1810 centa cach way, there is mors. inducement for the investors to purchase the stock and the broker. 28 getting one half of ons per cent. commission,- which ja, considered reasonables remuneration elsewhere. fraternity will look with favour on It is unlikely that the broker a permanent reduction in their scale, of brokerage but I think they would undoubtedly find local con ditions stimulated by a temporary reduction for a minimum period of say three months and it might be advisable to go oven further and consider the possible benefits

22nd learn this day that a train from Harbin, which left on. the Friday last, has been blown up, though what damage be done it is 1ot said. And so comes the news ever, first one thing and then an other but no continuity and no certainty. But I perceive that it would be better to send my lettera by the ships that go by Bucz. For to me it doth appear manifest that there must be delay or at least the Constructions, cum nights, chang. greatest possible risk of it Ated hands at 8113 and $115 and Nanking, there be parades of stu- closed with sellers at $11. dents with banners that bear the legend Death before Surrender... But I doubt not they mean some body else's death and not their own. It sooma at home the Go ernment do make a law which dath prohibit dealings in foreign exchange save for trade purposes or for getting the means for travel, And long havo advocated such a law both here and in Shanghai For this morning at the Banks there be the most abominable crush of brokers, and we start in his City Chinese, who I am well assured aro

who is of my acquaintance, be greatly pleased with the Editors of certain news-sheetes, I take leave to doubt. It aceme, said: Creed to me later, that we have misjudged Mr. A. Capone, as news comes that the police did enlist his aid to release the kidnapped Mr. Lynch, which he effects at once. And we

all agree Mr. Capone had better of making the reduction retrospec take up the Headship of the Watch tive for forward business which has been transacted for Battlements sub sequent to September.ons, etc.,

PHUKET OMARM-FEET.!!

not dealing in the Exchange for 24th Nows that Heligoland bo trade purposes only, And In Ice so gravely eroded by the een that House Street, more crush than it may shortly disappear. But I ever.

shall not grieve theseat. So home and watering the radishes in my garden, de

Brd. A mort amazing rescue is reported to-day, If it be true, of

the three airmen who set out on thAt home

matters seem

SECRET NAVAL CODE MISSING.

Stockholm, August-24-A sensa

wda | tion-has-been-groused-here-by-the- Japanese discovery that a secret Naval code

the 13th to fly from Lisbon across quiet, and I believe all shall be the Atlantique Ocean. It would well The nation as a whole is seem "from the cables that they sound were picked up from the sea upon in the the 20th, that is to say a seanight and thes after their start or more while they order could but Ay for two days. But it young foole {"mighty" strange they could font in | offenders are but bay

the ocean for six days; and I be to sixtoen, will lieve the truth of it is they were But ther Be and excitement all who was in touch with a foreign

pjoked up some day before, but the unfit onst vossal could not report it. Very philosophiq

And%

o to keep has disappeared from the cruiser. gie Flygli.which has just returned the worst from a cruise in foreign porta. It from twelve is believed that the code, has been -their-ward. | stolth Hy le member of the crew

taking a general or Powerbas

"merry at the Cub with Mr. Bhuelda gbod early, as to-morrow In

who, *.mbat quocomiali?.. rosited: 'a: 2mobing;s At which I doubt Bummons by the Water for parking: 30se, despite that I wri his cag; but whether his Lady J Hears big ting most cardit

Both the Naval authorities and- the police.

:

Messrs. A. S. Watson

& Co., Ltd.

BEG TO ANNOUNCE

THE OPENING OF THEIR NEW

ESTABLISHMENT IN THE

PENINSULA HOTEL

FROM

October 1st, 1931.

A

A Children's

Fete & Sale of Work

will be held at

Volunteer Headquarters

by kind permission of Lt. Col. L. G. Bird & Officers VDF.

Saturday, Oct. 31st

M. CLO

and other Charities.

DAIRY FARM NEWS

HOT

WEATHER

Suggestions

PRESSED BEEF 90 cts, per lb.

PRESSED

TONGUE $1.75 per 16.

ROAST PORK

$1.85 per 1b.

PRESSED PORK

$1.15 per lb.

COOKED HAM $2.30 per 1b.

PORK PIES 30 cts each.

The Dairy Farm, Ico & Cold-

Storage Co., Ltd.