1932-05-30 — Page 6

SPRAYOL

THE LIQUID INSECT DESTROYER.

KILLS FLIES, COCKROACHES, ANTS, SILVERFISH. MOSQUITOES, ETC. and DESTROYS THEIR EGGS and LARVAE, EASILY SPRAYED ON BUT HARMLESS TO CLOTHES

and FABRICS.

PRICE PER LARGE TIN $4.50.

A. S. WATSON & CO., LTD.

THE HONG KONG DISPENSARY

EST. 1841

LET US INTRODUCE YOU

TO THE NEW MODEL

RAE-26

NINE VALVE SUPER-HETERODYNE COMBINED WITH AUTOMATIC ELECTRIC GRAMOPHONE.

Load it up with eight selected Records & sit back while it changes

them for you.

AN RCA Victor prodUCTION.

S. MOUTRIE & CO., LTD.

CHATER ROAD.

FOR 3 DAYS

ONLY

COMMENCING

MONDAY,

30th May

UNTIL.`

WEDNESDAY,

1st June.

ODDMENTS TO CLEAR

IN

LADIES SHOES

EXCEPTIONAL VALUES

$5.00 to $12.50 a pair.

LANE, CRAWFORD, LTD.

Ladies' Department.

THE HONGKONG

THE LATEST

Studebaker Six Regular Sedan sells for G$915 at factory while the Stude- baker Standard Six sold al factory in 1925 for G$1,495.

Thus you get to-day an indefinitely hetter Stude- baker for G$680 Веня money at factory.

But don't forget Stude- bakers are breaking in when others are breaking

up.

TELEGRAPE.

THE HONGKONG HOTEL GARAGE.

The Hongkong Bhanghai Hotels. Lid Incorporated in Hongkong, arable kind

The

Happy Valley

Hongkong Telegraphi.

MONDAY, MAY 30, 1932.

MONDAY, MAY

the blundering of the older gener- ation, which landed the world in a ruinous internicene struggle and sent its sons to the shambles to

of their par- explate the follies enta." This Assessment of the situation may not be literally cor- rect, for the break-up was ap- parent before the war, being due to more deep-rooted factors of which the war Itself was but a symptom. For the moment, we have to face the fact that the Hocfal machinery of the world is showing signs of wear and tear, When we have constructed a more stable and settled social order, men can turn again to the pro- vince of their individual lives- marul purposes, artistic creation: that sphere in which the best of | our lives consista and in which the- most Insting happiness and the truest values are to be found. But the most urgent matter is to lift

the world from the Slough of Des- pond. In that task, we believe the younger generation can play great and valuable part.

War Debts.

a

30. 1932.

WALL ST. WATCHES AND WAITS

DAY BY DAY

I SHALL TRY TO CORRECT ERBORS WHEN SHOWN TO BE ERRORS, AND 1 SHALL ADOPT NEW VIEWS NO FAST AS THEY SHALL APPEAR TO BE TRUE VIEWS-Abraham Lincolu.

One case of meningitis was notified during the week-end.

The Pand O. n.s. Kidderpore, from | Shanghai, is due here at af, on Wednesday,

The P. and O. 9.5. Kalsor-J-Hind, from Singapore, with the English mails, is due here at 10 a.. on Wednesday,

The marriage took place during Faster, at Home, of Mr. HL G. Swin- urne, formerly of Hongkong, and Miss Edna Brown.

Fatally injured by a fall from an' upper floor veraminh nt 8 Won On Lane, a boy, Au Yau, aged 7, died] afler admission to the Government Civil Hospital,

Attneked by a dog belonging to Mr. Hughes rf 8. Queen's Gardens. Chinese has been admitted to the Government Civil Hospital with an injury to his right eye. The dog was taken to the depot at Kennedy Town.

Morrow.

the to-

it la significant, perhaps promis- ing, that while the United States ut present adopts a general attitude that the door is closed to re-adjust- ment of war debt undertakings, all America's bankers quality ANN remarka they may make about the settlements by saying "a good word fe England." Britain is sped ont-because she got the least

'm- While clambering along the

South China bankment below the signed tirat. Athletic

Ground Association this was that she

on Another reason was that she made Caroline Hill, a Chinese slipped and so Bttle fuss about it. Mr. Stanley frolled down a distance of 30 feet on to the naval football ground below. Baldwin, then Chancellor of the He was not seriously injured, and

Government at the Exchequer, arrived in New York is now ames December. morning in 1992,Hospital. went straight to Washington, at- ached the British signature to

There has been a change in for Club programe Rotary

Dr. J. H. Montgomery, ofj the Matilda Hospital, will complete his address on The Truth about Cancer", Major Duclos address being! postponed to a later dole,

GIVE YOUTH A CHANCE | generous terms, One reason for

that

Civill

A few years ago the scene of feverish activity... as paper fortunes mounted... the New York Stock Exchange la quiet these days and watchful waiting supplant the turmail of yesterday.

So Quiet You Can

Hear Prices Drop

C

1

Just Waiting

The trading floor is at street.

level, with elevated balconies for

the batterles of high-speed mn-

chines which transmit records of

stocks transactions. Only four of the six machines, manned by akel- eton crews of operators, are work- ing now.

Galleries Closed.

Above these, on both sides of

might be relied upon to carry on line. Yet Mr. Baldwin did not get promises no immediate relief from Each hit of news from Washing-businesa transacted there.

.

If we look at politics nowadays,

up

in

police

same time the

free

puzzles.

brokers (all of

By PAUL HARRISON, After the Prince of Wales' re-

While a Senate committee in cent appeal that youth should be

Washington has investigated Riven a chance in business, it was

practices of securities selling, the more than ordinarily interesting

Our Wuchow correspondent, writing New York Stock Exchange itself the huge, high room, are the visi- has been so quiet you could hear tors' galleries. These are desert- under date of Saturday, saz

ed, not entirely bocause of lack of to read in the Chairman's speech

public curiosity, but because they at the Union Insurance meeting "the greatest financial transaction Wuchow to-day is having its sixth the prices dropping.

were cuosed last fall when rumours. in history," and was hack at South-day of uninterrupted intensive heat, are gradually

over 92 degrees in the shade. There young men

1 The floor has been tense and of a bombs plot struck ferror to the

crowded truding floor. being worked into the more im.ampton by the end of January, been no rainfall for about

1923. It took some of the other week, and this dry condition, in con-

nervous, with bear transi):tions

For the floor looks crowded, re- portant positions, and that they debtors years to notice the dotted junction with the rising temperature, being made almost in silence. gardless of the small amount of Even the hot spell.

ten has commanded more atten- the dullest day will find about the fine traditions of this great in what he thought were fair terms.

tion then buying orders from 3,000 men and boys milling about There should be a great domand

members' offices. in eurance company. Here we see the it is known that he felt abashed by

the seventeen posts and the tele- Would the Senate committee phone houths whore the floor spirit of progress reflected. The the reception of his alternative pro- for "The Sino-Japanese War

Shanghai," an extremely well-pro-

members maintain contact with example is one which might well posals by the World War Foreignduced nibum of pictures of the war disapprove "short" selling? Would

Debt Commission at Washington. operations in and around Shangarh Richard Whitney, president of the are ticker men; some 1,200 are stock sales be taxed? Or could their offices. At least 100 of these be followed, not only in business But he was in the presence of ere-published and printed by the

China News and Herald, Ltd., Shang-Exchange, awing the investigators page, quotation and tube boys. establishments but also in govern- | ditors, and did not press the matter,

hai, Bound in an effective stiff to his point of view that "short"

Killing Time. mental services, to say nothing of because Great Britain wished to cover, the album contains well over selling is essential to

her credit, and aa hundred illustrations of the hos-

securities market, and that a tax

Many of the the wider

by reestablish field represented

the tilities, being taken by Chinese might so reduce trading that the whom are identified, with big col- preliminary was politics. "We are still suffering necessary

Japanese und British photographers. Exchange would have to close? Juloid buttons) are obliged to re- funding of the war debt to AmThere are also maps of the arens

All the public ever hears,” said main on the floor whether or not from the loss of the war genera-

rica.

But he did allow his chagrin affected. The album sells nt $3.50;

a member of one firm. "is how they have anything to do. tion, and in every profession the

to escape in an interview on his postage. 50 cents extra.

much the buyers of securities; One grey-haired 'specialist," alder men are carrying more of the

retten. Pointing to the settlement Templed by an array of jeweliery have suffered. But what do you who always may be found at Post burden than at any other time." in his portfolio, he told the report being taken from the enfe

suppose has happened to the Ex-No. 1, employs most of his five- So remarked a noted eduentionist

ers at Southampton: "If you look jewellery shop at 210, Queen's Road change itself, and the brokers who hour day in working cross-word recently in the course of a plea for at the Senate, you will find that the Central, an elderly Chinese walked are dependent on its activity?"

Well, here is what has happen- On the walls at opposite ends of the main trading room there are placing greater trust and confi-majority come from the agriculto the establishment. Examining

the articles displayed with much care, ed: tural mid pastoral communities and he finally selected two feed in his building, which is rather badly in crated, which flash the

Outside the impressive old large call boards, electrically up- dence in the rising generation.

clutched with these tightly,

numbers do not realize the meaning of any hand, began to walk out of the shov we find, on the whole, aged and international debt." Nevertheless, An alert shop assistant quickly sized of a bath, there is something of members when they are wanted of the serenity of a rural church-on the telephone by their offices. the agreement received British-rati-

blew matters, and

yard. Where huge crowds milled in On a reasonably busy day in nor- Ured men earrying on. Why not

fication without further publie whistle. At the Call more young men to posts of heart searchings. l'erhaps Mr. grille over the shop front was closed 1929 to share in the thrill of sky-imal times there are at least 300 of and the thief was kept inside until rocketing paper fortunea, sandwich these numbers constantly being responsibility? Office brings Baldwin's outburst made things naken into custody by a policeman. men now stalk up and down, a flashed. To-day the average is soberness of thought, and when better for succeeding funding mis- The man received a sentence of six gardenia peddler watches his un- from ten to twenty-five.

The big lounge and smoking this is allied to youthful enthus- sions. At any rate, they came back weeks hard labour from Mr. Wynne-sold wares wither in the spring

and a lone policeman room is always crowded those Jones at the Central Magistracy to- sunshine,

dnya.

Backgammon has become jasm. we need not fear the oul-with mitch better termis. Senator day..

a popular pastime with the idle come. It is probably true that David A. Reed, in a question to

flour members. Many of them read amongst the younger generation Mr. Kahn, implied that France is

magazines and newspapers, occn- sionally glancing up at the screen- there is much cynicism and still paying only for her post-armistice borrowings. The suggestion dues

projected image of the ticker tape more indifference and apathy to-

not properly

the facts.

that moves at a snail's pace across convey wards world affairs, On the other

one side of the room. Provision is made in the agree side, it must be said that most

ment for the repayment of every young people have, sound lean on cent that France borrowed befors na integrity, havò, less moral obluso- | well as after the armistice. The ness than older people, and are remission occurred in the amount less liable to be influenced by ap- of interest that the French 'svere pents of a spurious emotionalism. charged. On the average. France Maybe they have not the grent Pays 16 per cent, Italy 6.4 per cent and Belgium 1.8 per cent. Britain convictions of the men of the Vic was charged as much as 3.3 per torian era-the moral ardour of a cent. Future discussion over war Gladstone on behalf of oppressed | debts will afford plenty of oppor peoples, or of a Bright or Cobden tunity for finding out that the chief characteristle of the war for Free Trade. Even when they

debts Ja their diversity. That, are Protectionists, they are often

after all, was the frult of the not Bo dominating as the old

application of "capacity to pay" school. By being largely over-

as the formula of scltlement- looked, many of the younger gener- another reason why Britain was ation aro. loth to stir themselves singled out in the settlement and in great causes. But they will should again be singled out in renssessment of altered respond to encouragement. There any is no better romady for the flancur,

It will have been capacities. noted that A the idler, than to give him some-financial daily has suggested that lending London

thing to try out. Responsibility In the British taxpayer will be up in itself makes for seriousness of arres if Britu resumed full war outlook.

debts payments to Americn with There is so much confused think out an offort to socuro a more ing in the world to-day that people | favourable agreement. That ap are being drawn this way and that. Dean Inge has put it down largely to the war, which, he says, пля "created in the minds of the young be pressed. a deep distrust and Indignation at

pears to be rather an over-state- ment. If the United States shows the slightest sign of reluctance, the request would' assuredly not

yawns.

"Think yer smart, oh? Well, how many runs did Hobbs make last year?

Occasionally a few bored mom- hers may be found matching coins of small denominations. And some of them play a word game on the tape; is the abbreviations of the various securities are flashod on the screen, the first contestant to form a word from consecutive letters wins the stakes,

Lunch Popular Now.

The Exchange Luncheon Club,. on the seventh floor of the build- ing, is enjoying unprecedented prosperity. In boom times it is little patronized, the floor members taking their lunch on the job-a sandwich and coffee brought by a page.

Now, however, it is a simple matter to get away for a couple of hours and still be. within easy call of the floor in case the unex- pected should happen. Incident- ally, no member, regardless of his wealth, is allowed to run up a bili of more than $100 at the club,

Contrary to common belief, the membership of the Exchange in larger than ever before. In Feb- ruary, 1929, 276 neata were added to the previous total of 1100 to. tako enre of the tremendous i volume of trading. It was only re- cently that all of those seats were disposed of. But from the.brokers' point of view it is a and common- tary that seats which brought as high a aum as $625,000 in 1929 now | are going begging at alightly more than $80,000.