1932-07-28 — Page 20

WHITBREAD'S PALE ALE.

Cooling Refreshing

Stimulating

The Product of the Best Kent Hops and British Malt.

OBTAINABLE AT ALL LEADING

HOTELS AND CLUBS.

Sole Agents:-

A. S. WATSON & CO., LTD. Established 1841.

"HIS MAYTERY VOICE,

JUST ARRIVED!

NEW

RCA-VICTOR RECORDS

FOR JULY

S. MOUTRIE & CO., LTD.

Chater Road.

FIT IS CERTAIN

WHEN YOU GET

LOTUS OR DELTA

In buying

pair of Lotus

or Delta Shoes you buy style, beauty of line, finish and fineness of leather. But more, you buy lasting comfort as well! Because these famous shoes are made to FIT-in SLIM- FORM, MIDFORM and BROADFORM. There is a Lotus or Delta Shoe to fit every shape of foot, thus ensuring longer life, lasting shapeliness-and

comfort always.

greater

SLIMFORM, MIDFORM, BROADFORM.

LANE, CRAWFORD, LTD.

HONGKONG AGENTS.

THE HONGKONG

THE

NEW

1932

FASTEST SELLING

CAR-IN-THE

A FREE-WHEELING

TELEGRAPH.

SYNCRO-MESH

DE-LUXE SPORTS

ROADSTER

THURSDAY, JULY 28, 1932.

ignored by Importers and deutors. ! Whatever the cause may be, it will scarcely be denied that foreign goods can be obtained without the luast difficulty. This is the ro- ward of service and judicious ad-

vertising. And it will only be by similar means that British pro. ducts will be popularized.

All the blume in these matters cannot be laid at the doors of the retail businesses. In fact, a much greater share of it belongs to wholesale houses. There are Arms W-O-O-RLD

in this Colony holding valuable REAL-VALUE-HER British agencies who never think STOP-LOOK-COMPARE of advertising their products from one year's end to another. They are content to go on in the good old-fashioned ways of the past, forgetting that we live in times which call for other methods. In fairness to 'some others, however, it must be added that there has

in latter years come to them real appreciation of the value of publicity. One thing is certain- namely, that if Hongkong is to become મ bigger market for Empire goods, Home organised effort will have to be made, back- fed up by advertising giving, actual prices, and by special shop window displays. The fead given by one ul our oldest firms. in this regard would, if generally followed, teid to benclicin results in the general interests of British trade.

WITH

BUMPERS

TIRE COVERS SPARE TIRES & TUBES TRUNK RACK_&_TRUNK

Price $3,060.

May be inspected at Our Stubbs' Road Garage.

THE HONGKONG HOTEL GARAGE

The Hongkong & Khanghal Hoton, Lid Incorporate la longkong. Stubbe Ilond

Happy Valles

DEATH.

The

a.m.,

Hongkong Telegraph.

THURSDAY, JULY 28, 1932.

BRITISH GOODS

D

DAY BY DAY

EARNEST MEN CAN NEVER THINK

IN VAIN THOUGH THEIR THOUGHTA MAY BE ERRONs.-Lutton.

Lane, Crawford's summer cominences to-morrow."

liomo via Straits, is due here August 10th.

on

STOCK EXCHANGE .

GAMBLING

WHERE PROFIT-MAKING IS MERELY A MYTH By A STOCKBROKER.

"Y Throgmorton

slo 667OU can't make money in, made over seven million pounde or Wali in three days, the others lost that. Street in the Share market, unless amount and moru. The Fool The Ben Line . A. Benaider, from you are working with a pool or operatura became rich on the pub- are on the inside, receiving youre ignorance. During the rubber | informalton from the operator. boom, one of the clerks employed Then you will need hard cash to in a City office reported late for Connaught Road between Jackson Street and Wardley Street has been support your shares in case things ut. He was "ticked off" by his employer. The clerk calmly told temporarily closed to trallic owing too momentarily wrong."

Those were my parting worda, kim that he did not have to stand a burst pipo under the rond.

to three friends, each of whom his abuse any longer as he had Owing to unforeseen circumstances three years ago could have writ-made ten thousand pounds in rub- the recital to be given by the Forty-ten their cheques for over a quar-ber.

This incident did not need any guese Amateurs at the Club deter of a million pounds. Recreio postponed sine die,

To-day, one of them is looking cleverness on the part of the for a job; the other twe are work-clerk; he took a chance and know Mr. W. C. Felshow will speak oning for about five pounds a week enough to get out and take his "Druidism" at the usual weekly pub-and are glad to get it. Their profits. Dozens of true stories fic lecture of the Hongkong Lodge, the beautiful homes, cars, yachts and can be told of the cleverest mar- Theosophical Society, 17, Queen's everything they had acquiral|ket operators who made money Rood Central, to-day at 6 p.ni.

with their wealth have gone. for a time in shares, but in the It is a huge mistake to "imagine end had to go back to their real that by gambling or speculating business, deciding that it was best in shares money can be made as a to leave the other fellow to make steady income. It has been made, la fortune in Throgmortan Street. but one must not overlook the fact

I will give you twó; one of a big that the large winnings made dur-business executive in London, the ing the last Bull market were by other of a professional market

Mrs. F. X. Monteiro of Hart Avenue was bitten by a dog yester day afternoon as she was walking along the road. The animal is be-1 feved to belong to Mrs. Going of 2, lart Avenue.

***

an experiment,

While being driven along Nathan Road last evening Me. "Kid" Mar-n paper. riott's Austin Seven caught alight by an electric wire fusing. Fortunately the slight mitbrenk was soon extin- guished without any damage bring clevel.

.

Bought in Ignorance.

Two lenses mounted on brass cols people who did not know enough operator in Wall Street.

The big business man was the are reported by Staff Sergeant Dyer. about share operations to fear the RA.O.C., 10 have been stolen from the consequences of paying ridicul- front of the depot workshop where ously high prices for them. Forpe of whom one rends in books, He started life by selling news- they had been left after being used in months rich and poor, to whofn papers on the street corners, he the game was a matter of luck, found himself a job in an auto- disregarded all the laws of econo- mobile factory, and by sheer hard mies and grew richer and richer work and grit he later became managing director of the factory. His firm made a lot of money sull- ing motor cars. As he and his a friend lok them to buy | co-directors had not had much ex- shares of the Hatry Group, they perience in the Stock market the did because Mr. So-and-So made shares of their company Ingged money out of them-there was no and were selling on the exchange question asked as to what the according to their true earning shares were really worth, or to see capacity, till one of the jobbers a balance-sheet. To them it was suggested forming pool and put- the same as receiving a tip on ating the prices up so as to make good horse-bound to win. There the public eager to buy, which is only one known fact, that if you would send the price up still cannot see the top, you are bound higher.

Sincere's sale is attracting crowds of bargain hunters, the Indies day a proving especially popular. From to deday to Saturday, special displays of goods suitable as presents to parents are on view, and young ladies are presenting customers with bunches of flowers as souvenirs,

of

August 1.

The

bottom.

of

L

.

The appointment has been announc. to make money in a Bull market. Would not Sell, and Lost. abuned by the Nanking Government of What made them rich then was

Mr. Yu Shun-wah,, well known local exactly what made them poor Inter; In the course of events they be racing owner and jockey, as the they did not know when to take came speculative motor favourite; General Manager uf the China profits because they did not know everyone in the factory out of Merchants Steamship Navigation the top or when to cut losses beloyalty was carrying some on mar- Company, Hongkong branch. appointment will take effect from touse they were ignorant of the giu. When the shu one or mar ing for over twenty times their It may be said that I am speak-value the managing director ad- On turning into Nathan Road, from only of the reckless specula-vised everybody to sell out and I am not, as, when the boom take their profits; he even went so Saigon Itond, Mr. E. S. Franks, oftor. Laichikok Prison, who was driving came, the rich did not buy because far as to tell them that the factory motor cycle No. 175, lightly struck they had been in possession

could never earn enough divid- man who ran across in front of the shares for years. They merely ends to return even five per cent.

baby. The child watched them go up, and as they of the quoted price. excle currying fell to ile ground and received had not bought for the rise, they

The staff did not think of the slight injuries to the back of its head felt they were not compelled to and was treated by Dr. Asjoe, of sell, in other words, they were just earnings, all they knew was that still going up. Nathan Road.

as guilty as the reckless specula- the shares were

Their eyes, instead of being on for. At last, all their long held According to a report made to the shares were going They the company's balance-sheet, were lice by Mr. G. White, assistant could see no limit and why should on the tape, and that said, no top! manager of the Grueco-Egyptian

ers they take profits when by walt- The managing director sold out his holdings and took his profits ease of smokers'

in hard cash-n clever man.

The requisites which was consigned from ing there was a chance Hamburg was found on arrival to more? contain nothing but foreign news-

He who can see no top and no rest walted just one day too long, papers. The discovery

made bottom is usually the one who and the shares tumbled down.

Having univested money is a when delivery was being taken from loses all his money, just as my

great trial, and the managing the Kowloon Godowns yesturday. friends did,

Of the money made in the share director again thought of the-com- Charged with the theft of a gold market much has been made by pany. He waited until he thought watch valued at $85, Li Pan, a foki tucky plunges, and the only ones the shares had reached bottom, collected hard went into the market again, and who sand for a quick turn-he paid

Smashing the Dope Gangs.

"Drug traffickers are in for NAVIER-Died at Canossa Hospital,

lime." must uncomfortable Hongkung La-day at 8.45 Alberto Antonis Xavier, muchclared Russell Pasha, head of the beloved only son of Mr.

Central Narcotics Intelligence Mrs. C. A. P. Xavier of 26 Granville Road, Kowloon. Funeral Bureau, to the League of Nations will pass the monument at 5.30 Opium Committed earlier this year. pan, to-day, Hongkong 28th July. And his words have been 1932.

dantly substantiated by the events of the past few weeks, which have brought disaster after disaster to illicit dope syndicates. In Egypt. the notorious Mohamed Mistapha Nafel, after snapping his fingers it law and order for thirty years, has been sentenced to a stiff term of imprisonment and a heavy fine. He was an enterprising zentieman who floated a shipping company to facilitate the smuggling drugs. In Paris, a rich American, It cannot he otherwise than who was carrying £16,000 in notes gratifying to all good Britons to when arrested, has been brought note that the official trade returns to book. This was the dramatic for the first six months of this sequel to the discovery, about six year show a marked advance in months ago, of nearly a hundred-Tobacco Store, a the importations of British goods weight of morphine concealed on board the "Ile de France" at Now into this Colony, 12 China be York, in cases of children's toys. excluded. the largest share of our Three Englishmen fell into the import trade during that period net at Constantinople. Their has to be credited to the United speciality was a mail order business Kingdom. Two years ago, the in heroin, an even more dangerous British shure was only just over drug than morphine. They had employed in a ten-shop in Shamshup who have really

was sentenced to six weeks' hard cash and have not merely seen, bought himself one hundred thou- nine per cent. For the six months many clients in Egypt. With them labour before Mr. Fraser at the paper profits are the ones

were associated the sister of one loon Magistracy this

this morning. just ended, it has risen to over

thirteen per

of the men, married to an Italian, tent Turkett stated that defendant have had the money to form puols, cash. But he could not see bot- cent. But whilst

but because himself in a hole, and in order to and two Greeks. Much of the had only been employed in the shep It has not been a case of know-tom, he kept buying until he found these figures represent a

two days. Yesterday he was left ing top or bottom, steady evidence against them was obtain in the shop with another foki, and they knew exactly how high the save himself he had to put up the advance, it is difficult to see muched by the Egyptian authorities, when the master returned, he found a share was going and when to get shares for which he had paid outward evidence of large influx but the Turkish police acted with gold watch to be missing. Defendan-out.

Made Seven Million. dant was suspected and inter in- of British commodities.

venied that he had really stolen the

for

was

the Kow-

up.

Lo get

cash, as collateral. In 1931 the' shares made record loss, and as he had no more enah or collateral to

tion Pan Operations, the Tool is now back making motor cars.

It will, commendable speed. These out-vestigations made by the police re In the recent Radio Corpora- put up, he lost his millions. He

standing cases well illustrate the difficulties of fighting the drug traffic and the absolute necessity 02 international co-operation. Scoundrels of all nationalities link

of course, he realised in this con- nexion that considerable quantities of our imports eventually find their way into the interior markets. whilst trade statistics include Buch themselves together; a Pole was things as machinery and other in-arrested

the American. dustrial equipment, not usually Their activities range over many figuring in retail business.

The recent Empire Products Fair undoubtedly did a great deal in bringing to the notice of the

- with

to

countrics and continents. The elaborate organisation and in- genious smuggling devices resorted to are amply repaid by the fabulous profits, often amounting to thou- public various lines of British sands per cent. Thanks the goods. More than one house-excellent staff work of the League holder visiting the Fair expressed of Nations something like a com- surprise that

such mon front is now being presented thero were excellent products of British against the drug evil. The Con- stantinople arrests were mado the Colony. origin available in

possible only by the fact that That fact of itself illustrated one Turkey, although not then a mem thing-namely, that there had been bor of the League, was persunded no particular effort on the part of to work with the League in this shopkeepers to push such commodi-matter. The smashing of some of ties. But the Fair did what the the leading gangs is most encour- appetite of British residents for aging. Constant vigilance, never- Empire products. The pity of itheless, is needed to prevent a re- crudescence of large-scale traffic. is, if we are to judge from our Even in Great Britain, and car- own observations and from the tainly in other parts of the Empire, outspoken letters appearing in the drug traffickers are still, at large. Preas, that these British goods appear in many instances to bo

to

The Postmaster-General announces stacked away out of sight, and are that lotters from Hongkong to the seldom advertised. There are out- Continent of Europe, forwarded by air standing excoptions to the rule, via Singon to Marseillos, will be

transmitted from Marseilles

thele admittedly. The difficulty in secur-destination at the same rates as apply

to ing Empire goods has led one cor-addressed to Britain will be sent by

French postal matter. Letters respondent to assert that the air mail. from Maraoilies at the rates already announced-$1.85 for the meaning and object of the racont serial service: lithe, regular

watch.

"How can I word this invit ation so she'll know I'd rather

મન ક

The only time ho ever made money in shares was when he was part of the pool.

Wille Win's Wife.

The next in the one of the mar ket operator-let us call him Wil- lie Win. He was the prince of good fellows, and when Willie aid "bay" there was nothing to it; everybody did and mnde money. He could switch investors from one stock to another, and could still keep making money for them. He was an acknowledged wonder. Willie started bulling an amuяe. ment stock; every day the ticker

ite told

own tale; the price soared to sky high limits and became the sensation of the Bull market.

Early in 1929 ke saw some of his nasociates whose judgment he valued reduce their holdings, and he did the samo, becoming a multi- millionaire. Came the slump, and Willie's customers lost their shirts. When the crash was over some group started to try to make another Bull market. Now it was Willie's not theory to start buying in such a market, and he did. No- body in his group sold when there was a profit showing, with one ex- coption. Willie Win had a pri- vato secretary--a remarkable and pretty girl; every time he bought sho sold, and tucked herself away a cool million. Instead of the market remaining Bullish, Win anw it turn Bearish, and with it wont all his millions to cover his JOBACO.

Ho Was one of the cleveråkt.. men Well Street has ovor known, but even he made up his mind. that he know nothing about

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