1933-04-26 — Page 2

Ask

For

"JOSSMAN"

The Original Plymouth GIN.

Sole Agente -

CALDBECK MACGREGOR & CO., LTD.

PRINCES BUILDING,

ICE HOUSE STREIT.

KARDEX. Visible Record Cabinets Protect Your Valuable Records. Eliminate Waste and Loss. Most Visible and Efficient Signal Control, Built for Accessibility and Durability.

Entries соп be made on both sides of a card without remov- ing from cabinet. I essential for statistics, payments, and a variety of records, including Customers, Costs, Pur- chases, Sales, Wages, Stocks, Credit Collec- tions, Sales Promotion, etc.. otc. The most moder- ately priced visible record system on the market. Let us show you how you can in- crease your turnover, and

Investments,

Make more profit with KARDEX Cabinet.

THE OFFICE APPLIANCE

LIMITED.

INCORPORATED UNDER THE HONGKONG ORDINANCES. Specialists in Office Equipment.

Powell's Bui'ding, 12a, Des Voeux Road, C.

CO.

Phone: 28807.

Parfumerie Rigaud

PARIS.

"UN AIR EMBAUMB"

Flacon de Luxe Grand Modele.

A Hygienic and Refreshing Perfume in grest favour on all Oversea Markets.

OBTAINABLE PROK-

A. S. WATSON & CO., LTD

THE PHARMACY.

THE COLONIAL DISPENSARY

WING ON & CO.

THE SUN CO.

SINCERE CO.

AGENTS:

VICENTE ATIENZA & CO. No. 54, NATHAN ROAD, KOWLOON.

TEL 57155..

Magic Healing

FOR ALL SKIN TROUBLES

Zike magic.

AM-BUK ointment beals sore, Injured or diseased akin It instantly soothes pain and Itching. Its antiseptic power provides a wonderful shield against blood-poison. Zam-Buk soaks deep into the underlying flesh and destroys harmful discase germs. "Zám-Buk Is a precious ointment of rare herbal origin. Of all medicine dealers,

CONTAINS NO ANIMAL FAT

PURELY

HERBAL

Tam Buk

PRICKLY

BOILS ADSCI

BITES & STI

LEOS

•RHEUMATISM

補敬

用皮名良

we, Gilman & Co., Ltd., da, Bay Tan Road, Hong Kong

HONG KONG DAILY PRESS, WEDNESDAY,

STREETS--"MAIN" AND "WALL"

MR. G. W. GREENE'S INTERESTING

-ADDRESS AT THE ROTARY CLUB ·

SAFEGUARDS AGAINST SELLING SHORT IN NEW YORK “RIALTO”

An interesting insight into the working of the New York Stock Exchange together with the many safeguards against crooked deal- Ings adepted in Wall Street was given by Rotarian G. W, Greene at the Rotary Club luncheon yesterday.

Mr. Grasne whose subject was "Streets-Main'" and "Wall' " also gave several intereating anecdotes showing the origin of some of the racy terms omployed at the Stock Exchange.

There was a very good attendance and the meeting was pre- sided over by the Hon. Dr. S. W. Tao.

DANIEL DREW AND

STOCK"

WATERED

APRIL 26, 1933

BOOKS and READERS

FROM CORACLE TO

CUNARDER".

It is a fascinating volume, deal- Indians. ing with the general history of shipping, and British shipping in particular, "from coracle to Čun. arder."

A

People who go down to the son lising that relaxation from "all-el in ships," or "have their business fort which is the chief delight of in great waters," will appreciate a half-primitive existence. Major Mr. G. Ernest Fayle's Short Handley is part of the lives of his History of the World's Shipping fellow-hunters; he is not oven sub- George Aject to the "ghi complex" which Industry." (12s. 6d.

affects nearly all the loftier Anglo- len aid Unwin).

There are thrilling episodes in his narrative, such as the slaying of a man-eating tiger or a rogus elephant or the dread- fal death in a mangrove swamp, a bottomless pit of slime, of

But personal- Siamese murderer. ity and atmosphere make the chief charm of yet another of those rare revelations of life off the pavement, which show the Englishman's in- nate genius for living sympatheti- cally with Oriental types. And so the reader of this chronicle of a hunter's works and doings arrives at an understanding of the joyous Laurence described in nirvana Hope's memorable poem:

And this is our Wisdom: we'rest

together.

The idea of the book is to give a picture of the way in which the business of conveying goods and passengers by sed has been carried on from the earliest times to the present day and what that basi- ness has stood for in the life of the world. It tells, in broad out- line, the story of shipping sa a business; shows how, at different periods in the world's history, ships were owned and operated; discusses the routes followed and the cargoes carried, and claims much for the industry in develop- ing the world's resources, peopling its open spaces, and in the general building up of civilisation.

Mr. President and fellow Rotar-Jun Fisk offered nore and more, ians,--Concerning the first division and with Vanderbilt supporting the of my vocation I shall not speak Market by his purchases, got a

Profits in Drake's Day. to-day. Having been in the Colony good price for them. Finally, Van-

We are taken in's most inter- as a permanent resident only a few derbiit had succeeded in buying

esting manner through the great months, I feel a delicacy in trying njore Shares of Eries than there to say anything about land in Hong were outstanding, with the result Venetian period; and the emergen- Kong in the presence of so many that he thought he had Fisk comerce of the Northern nations as sea- who have resided in Hong Kong fored, and started putting up the prive farers and shipbuilders, down to years, and more especially, before higher and higher, hoping to force the days of Drake. The syndicate

financed Drake's Fisk to cover his shore-sales at which 'some of you, who know far more about the and business in Hong Kong that I can hope to learn for many years to come.

sary,

of his fortune by his success as à drover. I dealings in caitle were

"

voyage

in two years, the author adds, was not without its influence.

1:

the

The

On the great lone hills, in the

stormfilled weather.

And watch the skies as they pale

and burn;

The golden stars in their orbita

turn.

While Love is with us, and Time

and Peace.

And life has nothing to give büt

these "Hunter's Moon," moreover, is an

SHORTER NOTICES

-

of the world as a whole are all to his young son Robert, the facade of quiet, handsome, prosperous head of a family is all that ap treated in masterly fashion.

pears. Here is a drama terrifying in its exactness of touch. It con veys, in its atmosphere of apart- ness (as though you were living in the man's thoughts and nowhere else), a sense of secret, urgent life- underground, as it were; and near. human roots.

да

HANS

EVANS' Antiseptic Throat PASTHIG are good for your Throat Doctors, all over the world recom- mend them, knowing the efficient way in which they ralieva colda, coughs, estaith, Inflaxed and septic throats.

From Chaninės v

to is formale":{ pool Terass Lampensé

EVANS Pastilles

"ANTISEPTIC TURGAN

Carnation

BEST AND

LARGEST

SELLING

BRAND OF EVAPORATED

MILK IN

THE WORLD

Hole Agents:

HONG KONG & S. CHINA.

Sale Agents W. R. LOXLEY & CO

York Buildin

PALLADIUM

SAFETY

RAZOR - BLADES

KING'S THEATRE STARTS SUNDAY »

The Most Modern of Modern Dramas! HOWARD HUICHES!

PRESENTS

LEWIS MILESTONE

PRODUCTION

price sufficiently high for Vander-round the world received £47 for antidote to all forms of herd men- CONNELL BROS, CO., LTD. blit to recover his entire expendi every 1 invested. This "profit-tality and mass folly. ture with his Erie Shares as clearable patriotism," at 4,700 per cent. profit. In spite of the fact that New York Stock Exchange.

Vanderbilt wned more shares than

In Elizabethan times the ship-

THE STRANGE RIVER. The New York Stock Exchange had been issued by Eric, Fisk con-

owner WES usually a merchant. was founded in 1792, at which time, timed to geil and Vanderbilt con-

Mr. Julian Green's "The Strange it was a loose association of gentle tinued to buy, thinking that he had Sometimes a number of merchanta

Unfor clubbed together to charter a ship. River" (Heinemann, 78. 6d.) that men who met under a buttonwood Fis completely cornered. nee and operated on a Gentle tunately, the Commodore had over! When once a regular long-distance completeness of enclosing atmos- man's Agreement," whereby they looked one point. Some years be trade had been opened up these phere which was the power of his promised to transact any orders fore, a large number of Erie Bunds syndicates, formed for separate earlier books but now it has

way to a inevitableness and hence a truth which they might receive for execus bad been sold to British investors, voyages, usually gave

chartered company.

and tion exclusively with each other, at and each of these Bouds carried a

The gradual emergence of the that I, for one, did not discover

"The Closed Garden" in This agree clause which made them convertible .. fixed commission. ment was so effective that it was into Ordinary Shares by the matual shipping industry as a separate The Dark Journey," writes Mary not until 1817-5 years later that consent of the holder and the Diree branch of commercial activities Crosbie in John O' London Weekly, any more formal-or detailed written turs. Fisk had been taking Van provides an interesting story of Anyone who has never read Mr. of other classes-ship Green's books might guess from agreement was considered neces-derbilt's money and had been bug the rise

ing in the London Market the broker, marine underwriters, in these three titles that their atmos In the carly days the cost of pur- Bonds of Eric which carried this surance brokers, &c. Then we come phere is not of the outer world but to the transition from wood and of the enclosed spirit: a rarefied chasing a sent on this Exchange conversion privilege, and by con.

Green was vory modemte, but from the vening a meeting of the Board he sail to iron and steam. It was in air, you may find it, but in this

new converted them into shares, 1836 when four British ships, the latest book at least Mr. beginning a close scrutiny was

most notable of which WLS made of each applicant before he which he was able to deliver to

pens & strange supernal calm. was admitted, which has continued Vanderbilt. As soon as the Come Great Western (1,340 tons) crossed gives to the ugliness of what hap- Philip, whom we find gazing down to be the case until the present modore realized that he was actual. the Atlantic under steam. day, with the result, that the un-ly expected toy for the shares Great Western did the voyage from into an alley near the Seine, watch- desirables who have from time to at the higher bad bid for Bristol to New York in 16 days.

"In the following year," states ing a man and woman quarrelling -an admirable beginning that time prostituted their high call them instead forcing Fisk to ing (in the words of the late settle by payment of the difference the author, "Samuel Cunard, Geor with fine economy suggests the Cornelius Vanderbilt) have develop between the purchase price and the ge Burns, and David Molver, bar theme-Philip is a coward, but his ed their rascality after becoming Market price, he found himself em-ng secured a contract for the car handsome presence, and the unex- Members of the Exchange instead barrassed for cash and was forced rage of the mails, formed the actingness of civilized life forbid

British and North American to throw some of his holdings on of bringing it with them.

has had a few anxious moments, (famous to-day as the Cunard but it is not until he bolte at the Speaking of Members of the Ex the Market, which, together with Royal Mail Steam Packet Co. any suspicion of it. He himself the news of the large number of Line), and in 1840 began a regular woman's appeal for help on that] change who were in disfavour with

new shares, completely broke the their fellow members, the name of

Market and Fisk was able to buy aus Atlantic service with four night by the Seine that he aces the Daniel Drew at once occurs to us. Daniel Drew made the beginnings hack the control at a greatly re paddle steamers of about 1,100 truth. Bit by bit his inner reality duced price. Naturally, from that tons. From the first the Cunarders is exposed-to himself and the read

were a complete success."- time on Vanderbilt had no use for

Modern developments of ship. To the rest of the world; save to his sister-in-law, Eliane, who very profitable and he became the fisk, and the story which is tald ping, its organisation, the relative is in love with him, and perhaps

position of British shippng to, that leader in supplying beof to the Newf Oscar Wilde might well be ap

Driving, a herd of plied to him in this instance York butchers cattle into New York one day, he

Short Sales, came upon an idea that helped to

The New York Stock Market, nå. make him wealthy, and incidentally added a vary expression to the is the case with Stock Marketa Henry everywhere, has come in for niuch "Wall Street vocabularly.

Not the Astor, one of the original Astors of criticien first and last, New York, was one of the larcat least of the criticism has been hatchera in New York and an im- directed against the short-sale, and portant customer for the drovers, it is true that unless carefully safe. Drew had not been successful in guarded, the short sale is liable to selling cattle to him. Astor wanted abuse. Under the present system, fat cattle, Daniel's cattle, like however, all short-sales have to be himself, were lank and lean, bought so designated when made so that cheaply and half starved. Just be- it is possible at any time to know fare driving into Now York, Drew exactly how much the short inter stopped for the night in casup, and cat is in the Market and who are while his assistants were asleep he the Bears." At the same time, went out to the drove of cattle in the present rule which provides for the meadow and scattered quanti settlement of each day's business ties of salt on the ground By

before 2.15 the following day, makes it impossible for bear raids of the morning the cattle were choked for water. In the meantime, word was

nature referred to a few moments sent to Heary Astor that Drew was ago tn'decar. ̧ on his way to New York with a Much of the criticism directed drove of fine fat cews. Not a drop against short-sales have been made af water did the cattle get until on ethical grounds, but this will they reached New York, where; | hardly stand." "Of course, the short- shortly before Astor arrived, they sale, ke the purchase upon mak were turned Inose to drink all that gin, is subject to okuse, but both they could hold. The ralt had done | fill a very ́ definite aced in the its work and they soaked up water Market, and, after all, anyone who like pengen By the time Astor makes contract of any sort for came out to lock, the cattle rivalled future delivery is technically mak the arven fat cows in Pharaoh's ing a short-sale. For example, the dream, and Drew obtained a high general contractor who accepts a price per lh, for cattle that weigh contract for erecting a building is ed up extraordinarily well.. Wall making a short-sale. He promises

·Street took the term "Watered to deliver to the owners building. Stock" from that incident and to he' completed according to de ses it to this day to apply to finite plans' and 'specifications, at shares which have had their valuesome future date, involving large inflated without an increase in their amounts of materials and labour, story of scouting against the its title makes clear, it is lousy" (Duckworth, 78, 60.) is the intrinsic value,

little or none of which he holds at Turks. The hill above the desert story of the Pilgrim Fathers, or well-handled story of a couple who the time of signing the contract, seemed empty, but the old Risaldar rather of an (I suppose) imaginary set off from London by car to In other words, he is short a large noticed that the vulture in the It was Jim Fisk, however, who part of the material and all of the clump of babul trees planted above family that sailed with them. The Gretna Green to be married and Then too, the argument the ruined tomb of some local firet part is headed England" in of the thoughts of their past lives

order to show "that of a small perpetrated one of the worst short labour, enle coups in the Market. Fisk that the short-sale depresses the Saint refrained from feasting on beginnings so great things should which come to them during their day's journey through the English. a dead camel. "Dangar lurks on

as Governor Bradford counties. Miss James's chief ac was a Director and the controlling Market unduly, is also fallacious, power in the Erie Railroad which because what has been sold must the hill," he said, "eee that you piously wrote. This may be complishment in this story is that was always very popular raid he bought back again, and in each draw this fire ever as the cheetul American sense of proportion. The she has written a tour de force APGE20 then there to sends there, da at the pool before supping England" section how very little without once zaminding us of the Two Food Jar Sikh pridjathe knowledge of Engler falterical Tack TRUTH e di strating after cecasion Fink allowed the rumour must be a buyer. The reen, there to be spread that he was over ex

fore, in that actually, the short sale their lives for a subaltern's inat background (a "luxurious" mapor effect here, and each "flash back" tended and was being forced to sell

house in the reign of King John) occurs na naturally as if it had Forves as a cushion retarding un- tention to this warning. hin shares in Eries. Cornelius due infiation and undue depression,

Near to Nature.

The book seems to be an honest occurred in the mind of the reader. Vanderbilt who owned the New though it must be admitted that York Central and had a gruden, it has not been entirely sucocertů.

Then we are brought nearer and attempt to get at the human side Miss James has heed of little fur-

lawn. of the Pilgrims, but it is very high ther technical equipment; all ste now wants is a theme worthy of. Bambuscades of her children and

foster children and in the end rea Continued as foot of next Column; her technique,

A Short-sale Coup.

JUNGLE WISDOM

HUNTER'S MOON. By Leonard M H. Handley, Major, M.C., F.R.G.S. Illustrated. Mac millan. 15. net.' Twenty-two years' experience of life in the jungle lands of North- ern and Southern India, Burma, the Malay States, and Siam is quintessentially presented in this unusual book. The author tells us

MARCH TO THE GODS THAT HEAL.

Curious that the best story in it was inspired by the written "March to the Gods that Heal," magic" of Kipling's Jungle Rooks by Fairbairne McPhee (Boriswood, and Glasfurd's "Rifle and Roman- 78. 8d.) should also be about a ce," and so is more concerned with coward! But Mr. McPhee's Sid the glamour. of vast green silences, ney Massop has none of Philip's whore only man is vile, than with outer splendour and inner sophis the killing even of man-esting tication. He is just a poor little tigers. Surely his readers will man married to a handsome, mas admit that he has profited by the terful wife. His brief episode example of his masters in art and might have been has been many a will repeat his own cloquant les time matter for farce. Here it is with a brooding emile of approval: tragic. This story-A Little Tou take me back to the valleys Storm"-seems to me the best be

of laughter:

cause it is not strained and un The hills that the Hunters love-manageable, like most of the others. The sudden storm-and the sun- Mr. MoPhee suffers from preten

shine after;

tiousness and wordiness. But he has good material in his South African scene and an energy that gushes fresh from the t

<

ì

The clouds and the blue above The morning, mists, and the crea-

tures crying.

The stalk in the drowsy after-

noon.

Olear-washed eve, and the sunset

dying -Night and a Hunter's moon.

gurce

MAYFLOWER MEN:

There is pretentiousness and wor- diness without this natural energy To begin with, the necessity of Mayflower Men, by Helen jungle wisdom is enforced by Graca Carlisle (Cassell, 78. Gd),

FA

against the Erie as well as wishing in these few respects discos, the yet nearer to Nature, evading the to own it hituself, at once started post for yours. buying all the Erie shares in fight. (Continued on Zape

onsue,"

THE

FRONT PAGE

JEALOUSY.

Mise Norah James gets better with each novel she writes. Jea-