1932-04-13 — Page 22

THE

BLUE FUNNE

LINE

REGULAR AND FAST PASSENGER SERVICES

FREIGHT AND

LONDON SERVICE

PATROULUS 13th Apr. For Marsailles, London, Rotterdam

ANCHISES 19th Apr. For Msranillos, London, Rotterdam

& Glasgow

& Hamburg

24th Apr. 2nd May

For L'pool, Haven & Glasgow For Litarpool & Havre

LIVERPOOL SERVICE

KROILUS

ELPRNOR

NEW YORK SERVICE

ADRASTUS 11th May For Boston, New York & Baltimora via Philippinen, Port Hweltenham & Bingapore

PACIFIC SERVICE (vin Kobe & Yokohama,

For Victoris, Yan'var & Bestilo 4th June For Victoria, Fan'vor & Seattle

PROTESILAUS 5th May

IXION

AJAX

& Vladivostock

For Bhanghai, Kobe, Yoko. For S'hai, Moji, Robo, Vol. & Vladivostock

INWARD SERVICE

Duo 17th Apr.

DIOMED Due 26th Apr.

Specially reduced fares are quoted for cargo steamers with

limited passenger accommodation.

For troight. passage rates and information apply to the ander-

mentioned.

All bookings are subject to the provisions of the Company'

Bill of Lading.

BUTTERFIELD & SWIRE.

Agents

THE

N.Y.K.

LINE

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

San Francisco via Shanghai, Japan Ports & Honolulu.

Taiyo Maru

Asama Maru

Holan Maru

..Tuesday, 19th Apr.

Wednesday, 4th May.

Seattle, Vancouver via Shanghai & Japan Ports.

Hikawa Maru

London, Marcillas, Antwerp &

Singapore, Penang, Colombo

Yasukuni Maru

Hakone Maru

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

Friday, 15th Apr. .Saturday, 30th Apr.

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

Sydney & Melbourne via Manila & Ports.

Kamo Maru ...

Kitano Maru

Bombay via Singapore, Penang & Colombo.

*Calcutta Maru

Iyo Maru ....

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

South America (West Coast) via Japan, Honolulu,

Los Angelos, Mexico & Panama.

Ginyo Maru

Tuesday, 19th Apr.

New York, Boston via Panama.

Liverpool via Port Said, Beyrouth, Istanbul, Piraeus,

Genoa & Valencia.

"Lima Maru

Thursday, 14th Apr.

Calcutta via Singapore, Penang & Rangoon.

*Morioka Maru

*Muroran Maru

Kobe & Yokobarna.

If

HONGKONG

THESE BULLION

BROKERS.

(Continued from Page 2.)

TELEGRAPH. WEDNESDAY, APRIL 13, 1932.

no better, than any of your- selves, and that it is unfair to put them in the same category as car Their Calling.

bandite or racketeers.

What Makes the Market Move? sellor, hoping to conceal his inward People have often asked me excitement. This time he doesn't "Who decides on the rates?"shout "I can buy $5,000." Ha en- "What is it that makes the market quires cautiously, "Are you solling 1/4 at ten o'clock and 1/8-7/8 half at 1/41" Then when the banker an hour later?" "How does the Baya "Yes", he can seizo a contract form and All in his order. But the fall actually take place?".

How does any fall in prices man doesn't ray "Yes". He says take place? It is a question of "Shangol's gene easier, I'm buy- supply and demand. Usually in lag now."—(Laughter).

.

theirs, which seems such a mys; his wife. (Laughter). But theore anguish and disappointment. Most ARISTOCRATS OF THE PACIFIC

Discreet Enquiries,

"FMPRESSES"

Offer the Utmost in SPEED-SIZE-SPACE-LUXURY

AND

Hongkong thore is neither supply So great is my sympathy for tant nor domand, though occasionally br,ker that a lamp comes in my Now what is this calling of someone buys sio to sond home to throat as I think of his bitter tery to the general public? They tfcally, it works out like this-gailing of all is the fact that ho are termed Bill and Bullion Bro-

and I am speaking of the Inter-must confess to his buyer that he kors, but in reality they only see n bill once in a blue moon, and if bank market, which enables us to has failed. Possibly, while he was you were to ask any of them to get such wonderful rates for our aprinting, the business was done by another broker who used the tho quote for bullion they would think merchants:

A broker finds about six banks telephone. But sometimes you mad. It is the broker's bual- ness to find out each morning what trying to buy sterling at 1/4 1/6 market can rise or fall 1/8d. or the state of the exchange market and only one selling at 1/4. He says more without any transactions be- is, and inform his merchant and to one of the buyers "You haven't ing put through. banker ellenta. Thereafter he is an earthly chance of getting 1/16,

To keep pace with the rates you supposed to know everything, from There's only one seller at 1/4.

you can." So the have also got to try and find out the drawing rate on Damascus to Grab it while

rate of 1/4 is done. The other what your competitors are doing the course of the latest typhoon,

the Interbank market. But But what worries and anxieties buyers hear about it and some sayin

concealed by that phrase that they will buy at that rato too though you see signs of activity "finding out what the market is"!-so 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 say frankly, I know what through the transaction has earn-may not be interbank business at information you require" and then ed his brokerage, but he must be all. A man can get just as hot and proceed to quote you his rates for prepared to apend the rest of the bothered over buying a draft for Empt: Russia Ang. 12 Aug. 16 Aug. 15 Aug. 18 Aug 20 Aug. 27 Capt. 2 various currencies and different day getting his pants kicked by fifty pesog. deliverios-rates which would be the fivo disappointed buyers for Arm and analterable for at least not uning his persuasion with five minutes. You would only have them.

Practical Difficulties. to any "Thank you."

ато

You therefore not out like A sleuth-hound to gain the desired knowledge. Some bankers just sit

with their contracts before them, There was an actual case where In practice, however, the market turned upside down, and defy your a banker in a place where rates does not always atand 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 back with his feet up, smoking up buyers and sellers, and then won't get much help from those cigar and reading his correspond-puts through a transaction. When quarters. But some will reveal a In confidence: some ence. When the brokers came in he approaches the solitary seller,transaction

wasn't a quite exceptional,

WRB

a

they found his buying rate chalked | he usually finds that the man has will talk quite naturally about on the sole of his right foot and gone off selling. Even If he thinks what they have done: while others 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 housetops. In the Int right foot or crossed his lega, leav-connect business. Of course when ter case a purchase of £10,000 be- ing only the selling rate visible.he first gets an order to buy at a comen £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's 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 Finding Out the Rates In reality, you call on a banker ments such as this that you have the whole market.

seen then fellows take a flying

Help From Brokers. knowing full well that you have leap on to the pavement, jump in- On the whole, however, you will got to use every form of artifice to a moving rickshaw, and dash not glean as much as you would and subtlety to find out even fraction of what he wants to do; among the traffic, looking like Ben wish, In the course of this detec- tive work; and the next step is to you have got to try and pierce the Hur in a chariot race.

Entering the sanctum of the tackle your broker competitors, in sphinx-like mask of his poker face and hope that by some cunningly-Arst seller he says "I can buy £6,- the hope that one of them will be sn expansive or bonst- 000 at 1/4" But the banker re-in

mood. Tho offer of 1 grets that he no longer has any ful contrived question you will suc ceed in catching him

For all you know, he may cigarette, or the gift of piero and forcing him to admit that he cover

seller, have been quoting merely for fun, of chocolate, (laughter) will some- 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 confena to you rate, but if he has so far commit himself "Something wrong with that he has just done a quarter of ted himself he will probably my methods. I look too excited. a luc of yen or a wad of rupees..

One of my friends can always be 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 vided the market doesn't get

(Continued on Page 11.) stronger or weaker" or "It depends into the office of the remaining on what turns up'

unawares

After calling on a dozen or so 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 non-com- Imittally that it "ought to be,80- and-so". That is why you see ao many exchange brokers at a quar ter to ten in the morning hailing one another in rickshawa and beg- ging their competitors to tell them what the market is. Being very frank individuals, we promptly give our competitors what littlo 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 reluc-. tant to tell you anything until they have found out what you are try ing to do, and they only make their wanta known when they think you are going to be of some use to them. It is, therefore, most uns wine to be put off by a banker's' statement that he is doing nothing. No banker ever doca nothing. There

a thousand and one things he wants to do. But he won't tell you, That is the humf- KAISHA.liation of the position.

.Friday, 16th Apr. Friday, 29th Apr. Saturday, 16th Apr. .Monday, 18th Apr.

Friday, 22 Apr.

Fushimi Maru *Rangoon Maru (Calls Moji)

Kitano Maru (Calla Nagasaki) *Cargo only. For further information apply to:-

Tel. 80291.

NIPPON YUSEN (private exchanges to all Depts.

INDO CHINA STEAM NAVIGATION CO., LTD.

SAILINGS SUBJECT TO ALTERATION, Destination.

Steamors.

10 TSINGTAU via SWATOW

SHANGHAI

Chakeang

Yatshing

CO SINGAPORE PENANG

E CALCUTTA

TU KOBE via AMOY,

Norviken Sandvikon

Hosang Kutsang Kutsang

MOJI OSAKA

TO MORI via AMOY.

Yuensang

YOKOHAMA & OSAKA

TO SANDAKAN

¿CO TIENTSIN vin SWATOW TORCHOW CHEFOO

TO SHANCHAT

TỪ HUICHAI và SWAROV

FOI CHOW

Тивалд Mausang Choongshing Chipshing Hopsang

Hangsang

Sallings.

Wod. 13th Apr at 10a.m. Sun. 17th Apr.at 10 a.m. Wed, 20th Apr at 10 a.m. Sun. 24th Apr at 10a.m. Wed. 27th Apr at 3pm.. Fri. 6th May at 3 p.m. Tues. 1th Apr at 7 a.m.

Sun. 1st May at 7 a.m.

arc

10-

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

Is Whether he Black!"

or to the ferring to business broker is not at all.clear.-(Laugh- ter). You press him again and he says "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, He may suddenly like your face and give you an order.

Latest

BRUNSWICK

BLOOD. noon.

and

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

Fri. 22nd Apr at 7 a.m. Wod. 27th Apr at 7 a.m.

For freight or paanaga, apply to:-

Mon. 18th Apr at 10 a.m

Fri. 22nd Apr at 10 a.m.

JARDINE, MATHESON & CO., LTD.

Telephono 80311.

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 8250, Theno return tickets are available for three months."

MELOTONE

RECORDS

Obtainabio- -from-

THE

BRUNSWICK HOUSE

Arcade, Gloucester Bldg.

♫

Under the

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

IN, AUT

COMING ON SUNDAY TO THE QUEEN'S.

DON'T WAIT FOR

"BETTER TIMES"

CREATE THEM

by actively planning`and secking for trado expansion with Judiciously placed advertising.

In the matter of buying space the keon advertiser not only appreciates the vital importance of certified paid 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.

Circulation Certified by Chartered

SERVICE

Dar Acar Shanghai Nagnezii Rob Yokohama Nonolulu TanOPETER

Lesv

LAATI L0872

LATO

LASTO

Leste ATTITO

May 8 Apr. 20 Apr. 30 May 11 May 13 May 19 May

Jane 8 Jane 10 June 16 June EL May 26 May 28 Jana 4 June 19 June 23 Jane PS

Jaly 4

July 6 July July 14 July 19

Empr. of Russia Apr. 23 Apr. 25 Apr. 26

May 6 May 9 Empr. of Japan Expr of Asia May 20 May 23 May 24 Empe, of Russia Jane 17 June 20 June 21 Empr. of Canada June 3 June 6 Empr. of Japan July 1 July 4

apr. of Ala July 18 July 10 July 10 Jely 21 July 13

of Canada July 29 Aug. 1 Rupr.

Aug. 26 Aug. 20 Empr. of Japan

Bept. Rept, 19 Bopt. 13 Empr. of Ain Empr. of Canada Sept. 23 Sept. 26

Anst 1

Aug. 3 Acg. Aug. 11 Aug. 16 Aug. 31 Sept. 2 Bapt: V Brpl.13 Sept. 15 Sept. 17

Sept.2G Sept. 23 Sept, 30 Oct. 6 Oct. 12

Enjoy every minute on a floating Palace. Supreme Luxury, -Congenial, Cosmopolitan travelling companions

International atmosphere, countless diversione WORLD famous CUISINE -SERVICE.

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

• accommodation

EXCEPTIONAL LOW FARES. HONG KONG MANILA

EMPRESS OF RUSSIA

Leave Hong Kong Arrive Manië

April 14

April 16

For further information please apply to:--

CANADIAN PACIFIC

SPECIAL Round Trip Fares

to

EUROPE.

WEEKLY TRANS-PACIFIC SERVICE.

To San Francisco, Los

Angeles & New York

via Panama

Fortnightly' alilago on Tuesdayı.

Pros, Jackson ***

Pros. Wilson

Pros. Grant

Apr. 26

May 10

May 24

To Seattle &

Victoria

Fortnightly sailinge on Saturdays.

Pros. Cleveland - Apr. 16, 2 a.m.-

Pros. Taft...

Pren. Jokerson ...

£79, £112, £120 Special through rates to Europe vis

United States. Direct connections

og 'ady

with all Atlantia lines. Choles of rail lines soross United States and Canada, liberal stop-over privileges for sight-seeing,

ROUND TRIP FARE TO EUROPE. From HONGKONG to NAPLES

"

MARSEILLES...

#

LONDON

Full particulars upon application. Round-the-World

May 14

+++

£152.5,0d. €161.0.0,

£169.16.04.

Fortnightly raillags on Sundays vis Manila, Sirelis, Colomba, Dombay, Susu Canal, Alesandria, Naples, Genos, Marseilles, New York and Norton. Pres. Hayes Hun., Apr. 17, 8 a.m. Pros. V. Baren 8an., May 29, B... Pros, Garfield Aur., June 19, 8 km. Pres. Plerce Sun., May 1, 8 a.m.

Pres. Jefferson B., May 14, B. m. Pres. Manros 800., May 15, Ba.m.

Pros, Hayes Prod. The sea t Frea. Taft ...

To Manila Apr. 17, 9 a.m. Apr. 19, 6 p.m. Apr. 23, 6 p.m.

Pres. Fierce Pres. McKinley Pres. Jouarson

May 1, 8 a.m.

May 3, 6pm. May 7,6 p.m.

CANTON BRANCH:-No. 4 Shakeo Stroot. DOLLAR STEAMSHIP LINES. AMERICAN MAIL LINE.

SERVICE OF FAST MOTOR VESSELS

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

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

Monila and Straits Settlements.

Sailing about

6th May.

27th May.

27th Jane.

M.V. "NAGARA” M.V. "NANKING" M.V. "TAMARA”'

Accountants,

Outwards to:

SHANGHAI, & JAPAN FORTS.

Mesin. Lowe, Bingham & Matthows.

Sailing about

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

27th April.

22nd May,

Euggestions sul mitted ond compaigua pri pared.

Hongkong to Gonon Hongkong to 1st North

Continental Ports

"A" Class

£57

"B" Class

£52

£62

257

THE SWEDISH EAST ASIATIC CO, LTD,

GILMAN & CO., LTD.

Agents:

Hongkong.

"

C. E. HUYGEN,

Canton.