1932-04-13 — Page 10

W

THE

BLUE FUNNE

LINE

REGULAR AND FAST

FREIGHT AND

PASSENGER SERVICES |

LONDON SERVICE

PATRUOLUS 13th Apr. For Maroniltos, London, Rotterdam ANOILISES

& Glasgow 12th Apr. For M serailles, Lomios, Rotterdam A Hamburg

For 'pool, Haver & Ginsgow For Liverpusi & Havre

LIVERPOOL SERVICE

TROILUS

ELPENOR

24th Apr. 21 May

NEW YORK SERVICE ADRASTUS 11th May Bar Boston, New York & Baltimore via Philippines, Port Awettenham & Bingapore PACIFIC SERVICE (vi» Kubo & Yokohama,

6th May

For Victoria, Vanver & Bottle PROTESILAUS IXION

4th Jung For Victorio, Van'var & Hosille INWARD SERVICE

Dus 17th Apr. For Bhanghai, Kobe, Yoko. & Vindivostock For S'hat, Moji, Kobe, Yuko. - Due 26th Apr.

& Vladivostock Hpscially reduced faros are quoted for cargo steamers with

limited parsonger accommodation.

AJAX

DIOMED

For tralgist, passage rates and information apply to the under-

mentioned,

All bookings are subject to the provisions of the Company's

Bill of Lading,

BUTTERFIELD & SWIRE.

Agents

NY.K

Reduced Through Tickets to Europe via U.S.A. Varying from £79 to £120-on Safe.

San Francisco via Shanghai, Japan Ports & Honolulu.

Talyo Maru

Asama Maru

THE

.Tuesday. 19th Apr.

Wednesday, 4th May.

Seattle, Vancouver via Shanghai & Japan Parts.

Helan Maru

Hikawa Maru

London, Marseilles, Antwerp & Singapore, Penang, Colombo

Yasukuni Maru Hakone Maru

.Tuesday, 26th Apr. .Tuesday, 24th May. Rotterdam via & Suez.

.Friday, 16th Apr. .Saturday, 30th Apr.

Sydney & Melbourne via Manila & Ports.

Kamo Maru

Kitano Maru

.Saturday, 23rd Apr. .Saturday, 28th May.

Bombay via Singapore, Penang & Colombo,

*Calcutta Maru

Iyo Maru

Friday, 29th Apr. Wednesday, 11th May.

South America (West Coast) via Japan, Honolulu,

Los Angeles, Mexico & Panama,

Ginyo Maru

New York, Boston via Panama. Liverpool via Port Said, Beyrouth,

Genoa & Valencia.

*Lima Maru

Tuesday, 19th Apr. Istanbul, Piraeus,

Thursday, 14th Apr.

Calcutta via Singapore, Penang & Rangoon.

*Morioka Maru

"Muroran Maru

Kobe & Yokohama.

Fushimi Maru

Friday, 15th Apr. Friday, 29th Apr.

Saturday, 16th Apr.

*Rangoon Maru (Calls Moji)..Monday, 18th Apr. Kitano Maru (Calls Naganaki) Friday, 22 Apr. *Cargo only.

For further information apply to:-

Tel. 30291.

#0

HONGKONG

THESE BULLION BROKERS.

(Continned from Page 2.)

TELEGRAPH. WEDNESDAY, APRIL 13, 1932.

no better, than any of your. seives, and that it is unfair to put them in the same category as car bandits or racketeers,

Their Calling.

What Makes the Market Move? seller, hoping to conceal his inward i People have often asked me exeltement. This time he doesn't "Who decides on the, rates?" shout "I can buy £5,000." Ho on- "What is it that makes the market quires cautiously, "Are you selling Thon when the banker 174 at ten o'clock and 1/3-7/8 half at 1/47"

an hour later?" "How does the says "Yes", ho can seize a contract form and all in his order. But the fall actually take place?"

prices man deren't ray "Yea". He says How does any fall in take place? It is a question of "Shanghof's gone chaler. I'm buy- supply and demand. Usually in ing now."—(Laughter). Hongkong there is neither supply

the the

OF THE PACIFIE

"EMPRESSES”

Offer the Utmost in

SPEED SIZE-SPACE-LUXURY

AND

SERVICE

So great is my sympathy for that nor demand, though occasionally br.ker that a lump comes in my Now what is thin calling of

someone buys £10 to send home to throat as I think of his bitter theirs, which seems such a mys- his wife, (Laughter). But theore anguish and disappointment. Most ARISTOCRATS OF tery to the general public? They tically, it works out like this galling of all is the fact that he are termed Bill and Bullion Bro- and I am speaking of the inter- must confess to his buyer that he kers, but in reality they only see a bank market, which enables us to han falled. Possibly, while he was bill once in a blue moon, and if you wore to ask any of them to get such wonderful rates for our sprinting, the business was done

by another broker who used merchants:-

A broker finds about six banks telephone. But sometimes quote for bullion they would think

or fall 1/Bd. or you mad. It is the broker's busi trying to buy sterling at 1/4 1/6 market can rise nesa to find out each morning what and only one selling at 1/4. He says more without any transactions be- the state of the exchange market to one of the buyers "You haven't ing put through."

Discreet Enquiries. is, and inform his merchant and

To keep pace with the rates you banker cilents. Thereafter he is an earthly chance of getting 1/18. There's only one seller at 1/4. supposed to know everything, from the drawing rate on Damascus to Grab it while you can." So the have also got to try and and out rate of 1/4 la done. The other what your competitors are doing the course of the latest typhoon,

the interbank market. But signs of activity But what worries and anxieties buyera hear about it and some sayin are concealed by that phrase that they will buy at that rate too though you aes "finding out what the market is"180 the market has become 1/16d. right and left, you may not know In an ideal market, every banker casier. The lucky broker who put in the least what it is all about. It would any frankly, "I know what through the transaction has earn-may not be interbank business at Information you require" and thened his brokerage, but he must be all. A man can get just as hot and proceed to quote you his rates for prepared to spend the rest of the bothered ovor buying a draft for You therefore set out like n various currencies and different day getting his pants kicked by Afty pesos. deliveries-rates which would be the five disappointed buyers for firm and unalterable for at least not using his persuasion with aleath-hound to gain the desired knowledge. Some bankers just sit five minutes. You would only have them.

Practical Difficulties,

with their contracts before them, to say "Thank you."

In practice, however, the market turned upside down, and defy your There was an actual case where: a banker in a place where rates do not always stand still while efforts at thought reading, with a were very stationary, used to sit a broker makes his rounds, weighs bland smile on their faces. You up buyers and aallera, and then won't get much help from those back with his feet up, smoking n cigar and reading his correspond puts through a transaction. When quarters. But some will reveal a ence. When the brokers came in the approaches the solitary seller.transaction in confidence: some they found his buying rate chalked he usually finds that the man has will talk quite naturally about Even if he thinks what they have done: while others on the sole of his right foot and gone off selling. his selling rate on the left. When he can rely on two or three sellers a very small minority-will blurt he wasn't a buyer he dropped his at 1/4, he may still be unable to it from the housetopa. In the in- right foot or crossed his lege, leav-connect business. Of course when ter case a purchase of £10,000 bd- ing only the selling rate visible.he Brat gets an order to buy at a comes £30,000 in no time, by the (Laughter). And vice versa if he feasible rate, he will scurry from mere process of rumour-monger-

seller. But that

the manager'a room in a state of ing, and an hour later it will be high elation. It is in frenzied mo-reported that they have bought up

wasn't a

quite exceptional.

Finding Out the Rates.

Was

Д

IL

Help From Brokers, In reality, you call on a bankerenta such as this that you have the whole market.

Heen these fellows take a flying

On the whole, however, you will much as you would knowing full well that you have leap on to the pavement, jump in- Hot to use every form of artifice to a moving rickshaw, and dnsh not glean as and subtlety to find out even

tive work; and the next step is to fraction of what he wants to do; among the trame, looking like Ben wish, in the course of this detec-

Hur in a charlot race.

Entering the sanctum of the tackle your broker competitors, in you have got to try and pierce the sphinx-like mask of his poker face Arst seller he says " can buy £5,- the hope that one of them will be or boast- expansive an and hope that by some cunningly 000 nt 1/4." Bat the banker re-in

The offer of mood. longer has any ful contrived question you will suc- ceed in catching him unawares grets that he no and forcing him to admit that he cover. For all you know, he may cigarette, or the gift of a piece have been quoting merely for fun., of chocolate, (laughter) will some- Under the seller. is rather a buyer than a By great good fortune, you may Undaunted, the broker rushes to times work the oracle. get one of them to say that he will the next seller and is told the spell of your friendliness, the actually buy or sell at a certain same thing. He probably says to other fellow may confess to you rate, but if he has so far commit himself "Something wrong with that he has just done a quarter of

probably my methods. I look too excited. a lae of yen or a wad

One of my friends can always be ted himself he will qualify it at once by saying "pro- I'm frightening them off."

So he slows down and saunters won over by telling him the latest

(Continued on Page 11.7 vided the market doesn't get stronger or weaker" or "It depends into the office of the remaining on what turns up".

non-com-

After calling on a dozen or 80 bankers and putting them through the third degree, you are still com- pletely hazy as to the actual market, and when- definitely asked what it is, you answer mittally that it ought to be go. and-so". That in why you see so many exchange brokers at a quar- ter to' ten in the morning halling one another in rickshaws and beg- ging their competitors to tell them what the market is. Being very frank individuals, we promptly give

Our

competitors what little in- formation we have, acquired-with suitable reservations--and carry on, feeling that we have done our good deed for the day.

Reticence Of Bonkers.

Most of the bankers are relue- tant to tell you anything until they have found out what you are try- ing to do, and they only make their wants known when they think you are going to be of some use to them. It is, therefore, most un- wise to be put off by a banker's statement that he is doing nothing. No banker over does nothing. There

a thousand and one But ho things he wants to do. won't tell you. That is the humi-

are

NIPPON YUSEN KAISHA.lation of the position. (private exchanges to all Depts.

INDO CHINA STEAM NAVIGATION CO., LTD.

SAILINGS SUBJECT TO ALTERATION.. Destination.

Steamere.

10 TRINGTAU vin SWATOW

SAHANGHAI

Chaksang

Yatshing

TO SINGAPORE PENANG

CALCUTTA

TO HOBH via AMOY,

MOJI OSAKA

TO KONE via AMOT.

YOKOHAMA & OSAKA

TO SANDAKAN

TO TIENTSIN via SWATOW

FOOCHOW CHEFOO

TO SHANGHAI

TA KHANGHAI VÀ SUATOT

& FOSCHOW

Norvikon Sandviken

Hosang

Kutsang

Kutsang

Yuonsang

Yusang Mausang

M

Choongshing Chipahing Hopsang

Hangsang

Sailinga.

Wed, 13th Apr at 10a.m. Sun. 17th Apr at 10 a.m. Wod. 20th Apr at 10a.m. Sun. 24th Apr at 10a.m.

Wed. 27th Apr at 3 pm.

Fri. 6th May at 3 p.m. Tues, 19th Apr at 7 a.m.

Sun. 1st May at ́ 7 a.m.

noon.

noon.

Thurs. 21st Apr st Wed. 27th Apr at

Fri. 22nd Apr at 7 a.m. Wed. 27th Apr at 7 a.m. Mon. 18th Apr at 10 a.m. Fri, 22nd Apr at 10 a.m.

For freight or passage apply to:--

JARDINE, MATHESON & CO., LTD.

Telephone 20311.

General Managers.

SUMMER TRIPS TO JAPAN.-Excellent first class accommodation

is provided for Round Trips to Japan, on Company's Calcutta Line Steamers, at the specially reduced fare of $250. Those return tickets are avaliable for three months,"

Take my friend hore, Mr. Kan Tong-po. When you ask him some- thing he shakes his head solemnly Very "Very Black! and says

he iB ro- Whether sinck!"

to the ferring to. business or broker is not at all clear.-(Laugh- ter). You press him again and he Baya "See what happens", What he wants to do will be revealed in due course and then probably to one of your competitors. But you have got to keep on pegging away. Ho may suddenly like your face and. give you an order.

Latest

BRUNSWICK

and

MELOTONE

RECORDS

-Obtainabla— -from-

THE

BRUNSWICK HOUSE

Arcade, Gloucester Bldg.

of rupees.

SIDE-SPLITTING FUN, BRAND NEW SONGS AND DOZENS OF GORGEOUS GIRLS IN THE BEST SHOW

OF THE YEAR.

George

WHITE's FLYING HIGH

BERT LAHR CHARLOTTE GREENWOOD

PICTURE

COMING ON SUNDAY TO THE QUEEN'S.

DON'T WAIT FOR

"BETTER TIMES".

—CREATE THEM

by actively planning and seeking for trade expansion with judiciously placed advertising.

In the matter of buying space the keen advertiser not only appreciates the vital importance of certified pald newspaper circulation—but insists upon it,

"THE HONGKONG TELEGRAPH" IS REGULARLY AND CONSISTENTLY USED BY SHREWD ADVER- TISERS WHO RECOGNISE THAT THE DAILY APPEAL CARRIED INTO THE HOMES OF THE COLONY AND OUTPORTS, DOES BRING RESULTS.

Empr. of Russia Empr. of Japan Empe. of Canada Empr. of Asin

apr. of Rusis Repr. of Japan

pr. of Asis 7 Empr. of Canada

Empr. of Russi Empr. of Japan

mr. of Asin

Leave

Leave

ong Kong Bankhat Nagaraki Hobs Yokohama Honsult Fanodavez

Leve ACİYO LTARS

Leave Leave

May 9 Apr. 28 Apr. 30 May 11 May 13 May 19 May 14 May 26 May 20 Jan 4 June 10

Apr. 22 Apr. 25 Apr. 26 May; G May June 3 June 6 May120 May 23 May 24 June 17 June 20 June 21 July 1 July 4 July 15 July 10 July 19 Aug. Aug. 15 Ang. 16 July 29 Aug. 1 Ang. 26 Aug..29 Sept. 9 Sept. 12 Sept. 13

IZ

Empr, of Canada Sept. 23 Bep1, 26

1

June 8 June 10 June 16 June 21 July 4 June 23 June 95 July 6 July July 14 July 19

Aug Aug. 3 Aug. 6 Ang. 11 Aug. 16 July 21 Juir 13 Aug. 18 Aug. 20 Aug. 87 Sept. 2 Aug. 31 Fept. 2 Sept. 8 Sept.13 Bept.24 Sept, 15 Sept.17 Beit, 23 Bopt, 30 Oct. 6 Uct. 11

Enjoy every minute on a floating Palace. Supreme Luxury, Congenial, Cosmopolitan travelling companions- International atmosphere, countless diversions WORLD famous CUISINE -SERVICE-

Passengera desiring to travel comfortably on a Limited Budget should ask about the EMPRESS TOURIST CABIN accommodation

EXCEPTIONAL LOW FARES. HONG KONG MANILA Leave Hong Kong

April 14

EMPRESS OF RUSSIA

For further information please apply to:-

Arrive Manil April-15

CANADIAN PACIFIC

SPECIAL Round Trip Fares

to EUROPE.

WEEKLY TRANS-PACIFIC SERVICE

To San Francisco, Los Angeles & New York

vis Panama

Fortnightly linge on Tuesdays |-- Pros, Jackson...

Pros. Wilson ...

Pros. Grant

To Seattle &

Victoria

Fostalghtly calling on Saturdays.

Apr. 26

Pros, Cleveland

May 10 Miny 24

Pros. Taft...

Pres. Jefferson...

Apr. 16, 2.m.

Apr. 30 ... May 14

£79, £112, £120 pel through rates in Europe via

United States. Direct connections with all Atlantio lines. Choice of rail lines sorosa United States and Canada, liberal stop-over privileges for sight-noeing,

ROUND TRIP FÅRE TO EUROPE.

From HONGKONG to NAPLES

#

MARSEILLES...

.. LONDON

Full particulars upon application. Round-the-World

8152.5.0d.

$161.0.04.

£169.16.04.

Fortnightly callings on Bandayevin Manila, Straits, Dolombo, Bombay, Suez Canal,

Alexandria, Napies, Genos, Maroonillos, New York and Norion.

Pres. Hayos na., Apr. 17,8.. Pras. Pierce Mon., May 1,8 1.0. Pres. Monroe San., May 15, Va..

Pros, HAYON Pros. Jackson Pros. Taft...

Yo

Pres. V. Buren Bun., May 29, Ba... Pros. Garield Sun., June 12, 8 a.. Pres, Jefferson 8., May 14, 8 a.m.

To Manila Apr. 17, & a.m. Apr. 10, 6 p.m. Apr. 23, 6 p.m.

Pros. Pierce Pres. McKinley Pres. Jefferson

May 1, 8 .. May 3, 5 p.m.

May 7,6 p.m.

:

CANTON BRANCH:-No. 4 Shakes Street. DOLLAR STEAMSHIP LINES. AMERICAN MAIL LINE.

SERVICE OF FAST MOTOR VESSELS

(with Limited, but exceptionally good, passenger accommodation). Homewards to:

Porta Said, Genoa, Algiers, Oran, Rotterdam (Amsterdam), Hamburg, Oslo, Gothenburg and other Scandinavian Ports, via

Circulation Certified by Chartered Accountants, Mossrs. Lowo, Bingham & Matthews.

Outwards to:

5th May. 27th May.

27th Juno.

Manila and Straits Settlements.

Salling about

M.V. "NAGARA" M.V. "NANKING" M.V. "TAMARA"

SHANGHAI, & JAPAN PORTS.

Sailing.about

M.V. "NANKING" M.V. "TAMARA" Passenger Rates:

22nd May.

Suggestions aučmitted und compaigns prepored.

Hongkong to Genoa

"A" Class

£37

"B" Class

$52

Hongkong to 1st North

Continental Ports

£62

$57

27th April.

THE SWEDISH EAST ASIATIC CO, LTD.

Agents:

CILMAN & CO., LTD.

Hongkong,

G. E. HUYGEN,

Canton.

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