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INSECT BITE
CUT
SCRATCH
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CALVERTS
CARBOLIC
OINTMENT
PROPHYLAXIS OF
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THE CYTOPHYLACTIC METHOD OF PROF. P. DELBET
DELBIASE
Halogen salls of MAGNESIUM in the form of tablets.
A POWERFUL BIOLOGICAL STIMULANT
INCREASES RESISTANCE TO FATIGUE
RENDERS INTELLECTUAL EFFORT A MUCH EASIER MATTER REGULATES THE HEPATIC AND INTESTINAL FUNCTIONS CURES ACNE PRURITUS ECZEMA, WARTS AND THE OTHERS SKIN AFFECTIONS
URINARY TROUBLES OF THE PROSTATIC ORIGIN
LABORATOIRE DE PHARMACOLOGIE GÉNÉRALE 8, rue Vivienne, Paris-France. Hongkong, Sole, Agents..
VICENTE ATIENZA,&Co 547.Nathan Road Köwloon Tel. 57155
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RADIO CAPTURES INLAND CHINA.
SALESMEN FROM INTERIOR REPORT BRILLIANT
PROSPECTS OF RADIO MARKET.
RECENT WAR NEWS GIVEN ENTHUSIASTIC RECEPTION.
Radio salesien, who have pene races to whom. radio is new often trated the inland
terrified by miraculous vnetness ot become. China, return with interesting tales voices and music emanating from of reception of the radio in towns inanimate boxes, the Chinese Beem isolated from the twentieth century. to take the radio for granted. They Chinese, these salesmen report, are in no wise perplexed by it; are delighted with radio. A pro but rather assume the attitude that at last a delightful transmission gram is enough to draw the atten- tion of everyone within the radius service has been broughtout, one of audience, make them drop their, that they have been almost looking work, and huddle as near the receiv-forward, to,
ing se as they can possibly comie.
_Radio_entertainment_is_regarded
Chinese Aptitude for Radio,
While in Africa, the workings of
by these salesmen as being among the world's greatest democratic for the radio often put to rout whole ces. Progsmuna are broadcast for the black camps, and in other less civi benefit of all classes of people; and tized parts of the world send na persons of very social stratuin betives shricking in terror for what... come grossly absorbed by programs over sancturies they may maintain broadcast from all parts of China for periods of emergency and stress,
and other countries.
in China the radio attracts the masses. Once they have heard th The emotion invariably inspired instrument, they indicate a curios in Chinese by radio is that off
ity as to what makes it go, and they curiosity, it is said. While other (Continued on Page 10.)
HONG KONG DAILY PRESS. MONDAY, AUGUST 1, 1932.
Money and Markets
HONG KONG STOCK INFLATION 'AND
MARKET.
SATURDAY'S OFFICIAL
QUOTATIONS,
There was scarcely any alteration
in quotations at Saturday morn
Sales,
DEFLATION. IN
500 B.C.
A PRECEDENT FROM THE CHOU DYNASTY.
From the archives of ancient ing's session, rates being fair-China comes a monetary treatise ly well maintained. The volume which might be considered a com | of business, however, was very much montary on current events if mo- un the small side, though generally dern terms and usages, are substi the markets may be said to be tuted for those which then prevail- steady.
ed. The increass in the value of gold between 1929 and the present diate might be likened to the sub- stitution of the neavier coins.Den- tioned in the text that follows Purchasing power is no longer "de- creasing or increasing by changing the weight of coin, but it is done more effectively by action of the central bank. The failure to pre- vent a fall in world prices by ap propriate banking policy has, in effect, created heavier money with all the disastrous results fore seen by Shan Mu Kung.
Union Insurances, $485. China Lights (Old), 817.60, 17.80. China Lights (Now), 817). Telephones (P.P.), $21.80. Constructions (New), $11.
Buyers.
Hong Kong Danks, 91,610. Cantón Insurances, 81,310. Vaion Insuraners, 8482). China Fire Insurances, SC1O, Hong Kong Steamboats, 821. Uon Waterboats, $30. Haubs, "$38).
II.K. & K. Wharves, $135. H.K. & W. Docks, $18. Providents (Old), 84.70. H.K. Hotels (Old), $19,30. Hong Kong Lands, 877), Humphreys, $10,
Chinese Estates, 895 x. div. Hong Kong Trams, $22.70. Stay Ferries, 888. Yaumati Ferries (Old), $34. Yaumati Ferries (New), $33. China Lights (Old), $17.00. Hong Kong Electrics, $74. Malabon Sugais, $23. Cemento (Combined), 810.10. Dairy Farms, $274.
H. K. Amusements, $10). Constructions (Old), $7.65. Constructions (New), 814. HK. Govt. Loans, 3% premium.
Sellora.
Providents (Old), 84.50.
NEW YORK STOCK EXCHANGE.
A.O.F.C. QUOTATIONS.
New Yonk, July 20.
Dow Jones Averages:
July July
28. 29 Change 30 Industrials 52.01 53.80 1.28 up 20 Rails... 19.74 21.50 1.85 up 20 Usifities... 21.71 92.70 1.05 up
Messca. E. A. Pierce & Co. Report.
The market is steady.-Business done: 2,100,000 shares.
Air Reduction Allied Chemical and
1Dye......
LAST TO-DAY'S
PRICE PRICE $30 8401
551
56
American Can....... 364 American Telegraph
and Telephone American Tobacco "B" 03/
Auburn
Border Company Canadian Pacific
Consolidated Gas of
New York
Drags, Inc.
87
801
55A
Du Pont de Nemours 201
Eastman Kodak ....... 431
Tel.
25
101
137
882 4 25 ***** 2 338 382 3*
314
General Electric General Foods General Motors International
Harvester 102 International Tel. and Liggett & Myers "B" 50 Igor's Inc.
201 Pacific Cias & Electric 234 Pennsylvania Railway 201 Radin Corporation ... Seura Roebuck Standard Oil Co. of New Jersey. Sorony-Vacuum Corp. 101 Union Carbide and
Carbon ........ Union Pacific United Aircraft and
Trans.
111 117 United States Steel ... 274 Westinghouse E. & M. 22
રી
151
201
201
#
In the thirteenth century the scholar-atalesmann, Ma Tuan Lin, compiled a large encyclopedia of general information based upon original Chinese sources. The par ticular passage given below was written twenty-five hundred years ago during the Chou Dynasty:
In the year 24 B.C... Emperor Ching of the Chou Dynasty thought that the coins in circu- lation were much too light, and issued an order to mint heavier coins and bunish the light ones entirely from cireulation.. Regarding this drastic change, Shan Mu Kung, a minister of the government, comments as follows:
titus From
immenorial the anetary system of the country has always been so regulated as to relieve the people in time of distress (ie, economic depres sion). When the inconvenience of the people is not, great more heavy coins are put into circula tion for the reason that when the coins are light prices of commo dities go up. Ju this case the heavy coins ure standard value; while the light ones are auxili aries--but they are both in cir culation. On the other hand, if the inconvenience of the people is great they cannot bear the bur. den of heavy money. The light money automatically becomes the standard value and the heavy auxiliary.
Now, the Emperor has ordered the abolition of light coins com pletely. The immediate result of this change will be an enormous decrease in the income of the pen. ple and consequent hoarding will be inevitable. All this causes a had effect on the national treasury and directly raises the rate of taxation. When the rate of taxn- tion is raised, financial disaster and political discontent follow.
Preparation should be made in advance to meet the coming of a financial crisis. If remedy is to be applied only after the crisis has arrived it may be impossible to 'meet the exact condition and con-
will cause sequently
great anxiety.
EXCHANGE.
CLOSING QUOTATIONS.
ON LONDON:-
July 30, 1932.
Telegraphic Transfer... 1/38 Bank Billa; on demand 1/34 Bank Bill 4 months'
Eightie 1/34
Oredita,
night
ON PARIS:
mouths
1/+1
Bank Bills, on demand 575 Crodita, 4 months sight 615 Ow Naw YÖNE♪..
Bank Bills, on demand 224 Credits, 60 days' night. 238'
ON BOMBAY :
Telegraphie Translor ock Bank, on decaand ...
ON CALCUTTA :--
Telegraphie Transfer
Fant, on demand
ON LANGHAI :-
"Bank”"at"right" tar
10
20%
--45)
481
ON YOKOHAMA Jun
On demand
1.1.D. CERTIFICATES.
931
Of the Societe Internationals de Placements, Basie. (Local agents Messrs. Gocke and Cb.).
Thursdays (July28) official quotation in Basle, £2 138, d.
701
81
ON MANILA-On demand.... 45 ON SINGAPORE
On demand.
1, 551 On Batavia:--On demand. 501 On Farrnora
On demand ON-BAIGON:-On demand 57 Os BANGKOK :———
On demand ................................ 1454. Bovenstaas, Bank's Buying
Bate.......
Bir Bilver, par où .17 8/10
DIRECTORY & CHRONICLE
OF THE FAR EAST
CHINA, JAPAN, STRAITS SETTLEMENTS, MALAY
STATES, PHILIPPINE ISLANDS, INDO-CHINA, NETHERLANDS INDIA, ETC.
(Published by the Hong Kong Daily Press, Ltd.)
First edition 1862, revised and enlarged annually
1933 Edition now in course of preparation
BUSINESS
DIRECTORY
oft-
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FORMOSA
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ISLANDS
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STRAITS
SETTLEMENTS
NOTICE
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:
a
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IF YOU HAVE NOT HAD A CIRCULAR, please either inform particulars as under:
ог us,
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send
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INFORMATION
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Alphabetical List
of Foreign Residents of the Far East
Classified Lists
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3) Merchants and Manufacturers in the Far East
British Naval Squadron in
Far Eastern Waters
Alphabetical List
of Cable Addresses o Far Eastern firms
Chronology of Remarkable events
Storm Signals Tables of Weights, Measures & Money, etc., etc.
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