1932-10-05 — Page 4

DAILY SHARE QUOTATIONS

HỒNG KONG STOCK

EXCHANGE.

Buyer Baller

Bajou

TUESDAY. OCT. 4.

· 90 ata.

144

$145 $4.95

$75)

SHAREBROKERS ASSOCIATION.

Buyers datara

Banks

ELK. Banks

Do. (London)...... Chartered Banke....

Mercantile Bks.

Bank of East Asia... $108

“A”

"0"

China Fit Corp, Ord.

Do.

Insurances

$1,375 Canton Insurances...

$2.PU Venezuola Gold Fils #2.20

$40

12.30 Shangha! Loons

Rauba

Tronoh Mines

Benguet Explorations

Docks,

Wharton,

H.K. & K. Wharven.

Providents (old) ...| $4.85 | $6,95

Godowns, sto.

41

$148

25

$2.35

Do,

326

H.K. W. Docks

(NOW).

M

$10

8. China Motor 'A'

$8

Do

"B"

$19,10

**

1.90 Shanghai Docks

T.s!

Now Engineerings

T.110] Hongkawa wa

Landa, Hotels, and

- Bulidings

$12.40 H.K; Hotols (old) $12,10)

F.K. Landa................ 176)

T. Shaugbal Lands...

Da.

(new)

Sales Jomina

HONG KONG DAILY PRESS, WEDNESDAY, OCTOBER 5, 1932.

MONEY AND MARKETS

EXCHANGE

HONG KONG STOCK MARKET

YESTERDAY'S OFFICIAL

NEW YORK STOCK

81,635

214)

A.O.F.C. QUOTATIONS

Lar

New York, October 3. Dow Jones Averagès :-:

An

Oct. Oct.

3.

1.- Change. |$1,41030 Industrinis 72.09 71.21.88 down

20 Rails......*

34.80 33.47 1.13 down 20 Utilities... 31:88 31.71.17 down Messyo, E. A. Pierce and Co. Report.

It is impossible to see any change in the market, which seems almost entirely professional and the only

QUOTATIONS

casier tendency prevailed hroughout the day, resulting in prices giving way in some instances on a dull market:--

Bales,

Union Insurances, $510/513. Douglages, 3841.

H.R. Steamboats, 1931) H.K. & K. Wharves, $146. Providents (Old), 85.. H.K. Realties, 89.80. Ewo Cottons, Tis. 14. Yaumati Forries (New), 834). Hong Kong Electrics, 877. Cements (Combined), 814.50/14.85. Watsons (New), $11.80.

Buyers.

Hong Kong Bapk, #1,615. Underwriter, 82.90.

Ugion Waterboats, 8291. Bruguet Explorations, 20 ota. HE. & K. Whoryes, B118. Providents (Qld), HM,

Hong Kong Trams, 822 Yaumati Ferries (Qld), 835. Yaumati Ferries (New), 834).

2012 Lights (015), 918.

BRITISH STOCKS IRREGULAR

N.SM. CONVERSION SCHEME

BRITISH WIRELESS SERVICE.]

RUGBY, Oct. 3.

The British stock markets were to-day rather irregular, due to scattered selling. British Govern- ment stocks generally receded one- eighth to a quarter, with War Loan quoted at 100 7/8.

Australian bonds were

B

firm

market on the coming New South Wales Conversion Leau. The Дua- tralian Government is the first bor

The rower to take advantage or

removal of the ban on new capital issues, and underwriting was to-day in progress for the issue to-morrow by the Commonwealth of five-year 34 per cent. bonds at 973 per cent, The proceeds will be used to re-

ECONOMIC CRISIS IN TRADE BLOCKADE

L

CHINA

CAUSES GIVEN BY PARTY OFFICIAL

FINANCE STRUCTURE

UNSOUND

Nanking, September 27-Speak- ing at the weekly memorial service at Central Party Headquarters yea- terday. Mr. Tang Yu Jon, Chief Secretary of the Central Political Council, declared that the present economic crisis of the country is no less acute than the crisis arising from Japanese military aggressions.

The most conspicuous manifesta tions of this economic crisis, accord-

ing to Mr. Tang, lie in the fact that China's trade balance shows க excess of imports over ex- parts to the staggering amount of $840,000,000, Of these imports, the major portion consists of foodstuffs and raw materials, which shows that in spite of her vast resources

and her being essentially an og cultural country, China has to de-

EXPANDS

SIXTY MORE GUILDS JOIN SHANGHAI BODY

Membership of the Federation in Support of the League Coven ant, which was started by over 70 local guilds for the purpose of en- "blockadio" forcing an economic against Japan, has now increased

to over 130 guilds in Shanghai and over a score of chambers of com- Herce in various parts of the country.

..

The latest adherent to the Fed- eration is the Hankow Municipal Chamber of Commerce, which, in a telegram to the Federation, ex- presses its full endorsement of the

aims of the Federation. The Han kow Chamber points out that the League of Nations has been creat- ed to safeguard peace and to pre- vent a recurrence of the calamity of 1014. Its Convenant has there

foro served as a bulwark of inter- national peace and tranquility. ·

Japan has, however, flouted and destroyed this sacred and inviel-

pay £12,300,000 of New South Wales Pend upon other countries for food able international, treaty by un- aupplies Another instance of the current economic depression in the seantiness of Chinese capital. He

4 per cent. loan which matures on November 1, and the nount of the new loan will be limited to the amount required to repay the pointed out that the Chinese banks can not be compared favourably even with foreign-capitalized banks in China.

okl.

LONDON EXCHANGE RATES

$1,007

£131

229 201

Do.

310

N. O. & 8. Barks

#28

Am. O. Fin.Corp: M

$4,60

Pret

$2,93

010/15

www

5620

Underwriters ... $ Union InsuranJDEN ..... Chins Fires

$510

... $670

$1,250 H.K. Firca

$1,200

4.05

International Ance..

Shipping

$16

Douglases

8931

Steamboats

124 **

$45

Indos (prof.)

65/-

$32

Do

(dot.)

09/0

Shella

847-

门总

Water-bosta

321

Minlag

$18) Benguatāc

$18

thing to do is to wait until the tape gives some clue to the next move-

ment.

27/8

Kailans

951.

7.4 Langkats (single)...

T

Business' done: 1,000,000 shares.

T2.10 Explorationa.......................

T.I

Last Sale.

$104

Oct.

Oct.

16,0

1.

13.

***

Air Reduction

$50)

$58)

Allied Chemical and

$146

$4.05

Dye

801

20

$2.80

American Can

551

041

FR5

$10.

American Telegraph &

310

Telephone

1133

112

Hong Kong Landa, @7pt.

TE

American

Tobacco

Ewo Cottons, Tlg. 11.15.

TI

"B"

818

801

Anaconda Copper Min-

ing

131

12

$11.80

Auburn

541

54

$77

#7711

Borden Company ...

30

T.10

Metropolitan Lands.:

Canadian Pacific

171

1ថ៛ ·

$10

B. Healties.................... $9.9)

$9.90

Ti1.40 Ch's Do.

Chrysler Motors

198

18

1,961

Do. Debontu ca

Consolidated Gas of.

Dairy Farms, 8271.

316

Humphreys ******

$15.00

New York

61

601

Sinceres, 816, 10,

$140.

Asia Realtia "A" M

$28

Do. "R"M

Drugs, Inc.

39

39

H.K. Amusements, 917 ex Div.

$100

Chinese Exfatak .......

Du Pont de Nemours 43)

42

United Thestrés, Tla 8.33.

Ootton Milla

T14.15

T.11

EWOR

114.10

Eastman Kodak

53)

Constructions (New), #1.45.

T14,25

T.68

Bhai Cottons..

F

TI

Zong Sings one

8145

Wing On Textiles(S.)

***

1.84 Electric T10.90 $148

Bond und

Pabllo Ulities

Shure General Electric

341

331

H.K. Hotels (New), $12.10

Paris New York ........ Brussels Montreal..... Genova

24.00}

***

3.804

17.02}

18) 181

Peak Trams (Old), $16.05.

Stockholm

10.50

Tramwaya

$32

$22.10

General Foods

30

30%

$151

371

General Motors

Cements (Combined), $15.

Amsterdamn

8.601

17:

107

Wallace Harpens,#11.00,

Athens

582)

Gillette Safety'

198"

101

Milan

#35)

International

$30

Berlin

070 14.521

Harvester 201

201

$18

SALESMANSHIP AS

International Tel. and

Copenhagen Oslo

Tel.

13#

13.

Vienna

201

Liggett and Myer

Prague

"B".

68

833

2281

Loewis Inc.

32

32

21-

14.

Do.. (prof.)...

Montgomery Ward ...

16)

TACT IN HANDLING THE ARROGANT

Helsingfors

32}

Madrid

42 5/10

Lisbon...

110

Industrials

National Biscuit

401

401

Bucharest

68 1

$27}

Malabon SugarS

012

T.14

Caldbeck, Kord.)

Pacific Gas and Elec-

STOLIDITY OUT of date

Rio

મે

***

ALT

T10

$6

Canton Lees

Macgregor }(prof.)

tric

30

301

$52

Pennsylvania Railway

19

19

Buenos Aires Montevideo

Nominal

30

$11.85 316

14.90/86

Cements (comb.)...

$14,85

(old)...

$2

Radio Corporation

DL

4]

"The New Salesmanship" was

Do. (now)...

ta

Sears Roebuck

251-

241

the subject of a paper read by Mr.

$134

Ropes

Bombay ......... Shanghai

$13

th

Ch: Agriculturɑs ...

Standard Oil Co. of

New Jersey

31

31

Hong Kongin Yokohama

1/66/32 1/91 1/4

1/41

3271

Dairy Farres

007)

IH

$27.60)

$1

Der A Wing....

Socony-Vacuum Corp. 10

Silver (Spot)

$17

$18

Union Carbide and

313;

Ch. Etainment......

$11

$0.70

Constructions, (old)] $3,66

$1.45

Do. (now)

301

Lane Crawfords....

#21

Carbon cennetis $1.45 Union Pacific 781 United States Steel... 431 Westinghouse E. & M. 34

20

281

74

"Many people," he said, "looked upon the retail salesman as a per-

Silver (Forward)

17 11/16 17 13/10

за

***

$22

THE

+1

$15.65

$2

74

Yaumati Ferries(old)

Do. (LOW).

Peak Trama (old)........

Dǝ (now)...

#9: Star Ferric ....... 8911

Do. (now, 34)

China Lights (old)... $16,20

H.K. Electrics ......

Macao do.

stress 110

Sandakan Lights...

1281 Toleptiones (old)......

Do. (now) 1271

China Buses

Tractions

| $17.00

377

-

$16.40

$133

$11.80

$3,35

$10

181

נו

661.

**

pr. 43%,

$10

$340

Da

Miscelaneou

Amuzamente.....

Mackintoshsen

Nanyang Tobacco..

Since res

Watsons (old)

Do. (e)

Wm Powells***

11. Greyhounds...... 8. Kater prizes.... United Theatres .............. B. Ind. G. Bonds... ILK. Gort. Loɑna..... Wallace Harper ..... China Sports Ltd... H.K. Wing On S'bai

Do.

28

$236

$115

:::

$15.70

$13 $12

LOCAL AND REGULAR OUTWARD MAILS,

FOR:

WEEK DAYS,

SUNDAYE & HOLIDATO

THOM

FROM ===|ŠRUUNGWAN *O.P.Q. ·BRANGE 0.P.O.

[HMANOR P.0.

1 7.15 am, & £2,00 L 16.00 pz.

Barabad and Wuchow (B7) 4.00 pm,

direct steamer) ..

Macao & Tulusban '

5.00

(8.35

PO.

(2367.50 18.00pm

F

9.00.36.

(8.30

#

|1.00 pm.

Bundary

8.80 s.m

6.00 poli

6,00 1,20

1.1 pattle

Bundays 8.15.

only 6.00p

{7,00 p

4.00 p

( 7,15 km, &) [ 7.30 1.3%.

{ 1,15 patik..

€ 1,80 p

Longmoon (except Saturdays)

6.00 p.m.

6.00 p.m.

7.156:

∙1:00 prose

0,00 %

9:00

9,00

$.00 p

Kaukong (except Saturdays). Fatahan and Washow (By]

Trin) lo

1.00 pm. 15,00 pute

6,00 p.

7.168.1.

11.03.20.

-11,00 1.10. $11.00

&5,00p.m.

ELDO KIG

10.30 m3/

Lonly

Malabon Sugara, 1971. Cements (Combined), $14.95. Cementa (Old), 811j.

Sellers,

AN ART

H. J. Clarke, of Messrs. Selfridge &Co., Ltd., at the Drapers Cham ober of Trade Summer School at

Balliol College, Oxford, recently

NOT ENOUGH TO SHOW GOODS

"ADVERTISE THEM ALSO."

tomer."

[BRITISH WIRELESS BERVICE.]

Rubgy, October 3, #8 7/32 3,458

10 9/32 10.85

1101

The causes of this economic crisis, Mr. Tang continued, are highly complicated. He mentioned the following as being some of the more noteworthy of such causes (1) natural calamities and bandit activities, (2) political instability, (3) lack of good communication facilities, (4) decline in the value of silver, (5) unsoundness of the

bridled military actions against Chins. In order to preserve in- tornational pensé and China's ter- ritorial integrity, there is no other

course but to unite the people in fighting for the support and pre- servation of the League Covenant, the Chamber states.

Inquiries at the offices of the Federation have elicited the in- formation that detailed measures. for the enforcement of the propos- ed economic blockade" against Japan are being drafted by the Planning Committee, which is com posed of business and professional leaders of recognised standing. It is stated that in carrying out the the Fodera-' currency system, (6) multiplicity of proposed "blockade," taxation, (7) failure to use scientifiction will keep ite activities strict- methods in the operation of varily within legal limits, ous productive enterprise, (8) pre

valerico of speculative enterprises, and (D) lack of sound organisation in the country's financial structure: As a remedy for this stato of afinirs, Mr. Tang" suggested, among other things, the improvement of communications, increase of the food produce, and introduction of better system of taxation.

MANILA RAILWAY FINANCES

3% ON PREFERENCE CAPITAL

A

FRENCH COTTON IMPORTS

RESTRICTIONS, IN FAR EAST.

Paris The French quota system applies not only to France but also The Journal to her colonies.

"publishes now list of Officiel sestrictions on the imports of for- several eign cotton yarns and classes of finished cotton goods into Todo-China, The new restric tions apply to the period July December, 1999.

EXCHANGE.

CLOSING QUOTATIONS.

Cctober 4, 1035. Ox Lampoy:-

Telegraphic Transter.: 1/33 Bank Bills, on demand 1/3) Buck Bil

night

Credità,

sight

On Fax:

months'

*** Bank Bills, on demand seri Credits, months' sight 629)

ON NEW YORK:

...

Bank Billa, on demand 281

Credits, 40 dayn' night. '23] · BOXNX

Telegraphie Transfor

Bank on demand'... CALE Telegraphic Treatier 1854 Bank, pa demand

MORAL **

the second place the company's in- come is received in United States dollars, which produced a larger O sterling equivalent in the period under review than in the preceding On demand... year, owing to the suspension of Or Mania-On demand.... 154

ON SINGAPORE:-- gold paymental

OM YOKOYAMA !!

London, Sept. 16-It is nod possible to make a fair comparison of the results disclosed in the ie son whose job consisted in handing ality. They should beware of the accounts now published of the out the article asked for, perform danger of attempting to standardise Manila Railway Company (1003) ing the technical operation of mak- the human element. The most with those shown in the last report ing out a bill, and wrapping and valuable contribution this genera. In the first place the latest accounts handing the purchase to the cuation could make to the great calling cover the 18 months ended Juno 50,

of retail distribution was to raise whoress the preceding financial OR That robot-like form of activity salesmanship to a higher standard period was of 12-months, while in could not and must not enjoy the of effectiveness, to surround it with title of salesmanship. It ranked no the dignity it deserved, and to make higher than the mechanical move of it a bit of human activity, with ment of a slot machine and one of not only the purpose of a satintas London, Sept. 10.--Sir. Charles the advantages of that machine was tory reward hat the esteem of the

world at large. Higham, speaking at the National that it seldom made an error. He

During & discussion Mr. Clarke Display Convention at Guildford was convinced the the time was

not for distant when they might said that although it still bip yesterday, said that just as the book for some sort of diploma, some Press was the cheapest way to precognised indication that the faten: pleasure to read a letter from plain the merits of goods to the man possessed a full and suficient customer in appreciation of a sales millions, so was the shop window knowledge of the mercabedireman's service, he remembered that Bought to sell. Bervice salesman. the most effective place to let the ship was something more A person who would take the trouble public see the goods themselyss refinement or fad. It was de to write such a letter must have

Anitely s part of the cost of the been a charming person to serve, Small shopkeepers wore learning to

commodity offered for sale and The real test of salesmanship, copy the beautifully arranged win without it the customer failed to dow displays of Harrod's Austin Reeds and Selfridges and the other big stores.

Thanks to this development, how over, and to the wine pplies pur. On his koka pa

ON SAIGON-in huand sued by the directors it can be said

On demand eryt that the company has definitely im-BANGKOK proved its position. For the 18 months to June 30 income from Boviniurg Seok a Juring boldings in the Manila Railroad Company of the Philippine Islands produced £341,555; the correspond ing figure for the preceding 12 months was £207,409 and the in- side of the counter. It comes when crease plainly reflects the fall in "The Shopkeeper is also learn

Only few yours ago. footwear there is a question of a battle of sterling as well as, the longer ing to advertise bis window could be termed almost utilitarian wits and of turning down an arrog- { period. said. Ep is using the new Its main purpose was protection ant or bad-tempered customer. An papers as he never did years ago, from wet and cold, and p limited assistant who can send dway with

get the full value of the purchase, be continged,

is not whether

The basis of the service must be person can quickly and charmingly

WRS

a complete knowledge of the mer-react to the customer on the other chandise which the salesman bandling.

In recent years the income has

He knows now that it is not enough number of skins were used in the amile a customer who entered the been only sufficient to cover Income To-day shop frowning is for more valuable tax interest and sinking fund process of manufacture. to show the goods; he must tell footwear was essentially an em of than one, who is just a doler out charges, expenses, and a dividend people where-hi-shop is and to fashion, and it had been described of goods. The first objective of tire

to the millinery of the feat salesmen and woman should be to of 1 per cent, on the Preference come and see them be is turning Fashion, with its everlasting claim get fate the right atmosphere with capital. For the past 19 months,

hopp into "Certainty in his for novelty, had caused thee matiti the customer selling "The dealer who sells facturers to seek new materials.

When you see that puperiority however, it is possible to pay a of character in a safe man you hit dividend of $ per cent, on the Pre- branded advertised goods, who

Technique Selling

have prodhuesa a' type that will be forende ppital and increase the shows them properly in his win-careful instruction ought to be of great value in your banesa sum carried forward From £6,627 dans, who uverti in hin local givets in the technique of selling, There must always be conscimusly to 300g the balance of papers and courteous to hie sus and that phase of business, educar sub-consciously feeling of sátis | after protiding, toy s]} charges business. It on ought to take into account the faction et having won such a on expenses amounting to En tomers

tremendous importance of person test, and this one of the joys that against £10,981 for

19 months Dever fails!

*(Vontinued on meet column.): come to a loamiko.!!

AMERICAN ORIENTAL FINANCE CORPORATION

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