1935-01-09 — Page 7

TOURIST TRADE'S VALUE

LOCAL BODY NEEDED

TO ENCOURAGE BUSINESS

BRITISH BANKS

PROSPERING

"BIG FIVE" REPORT MORE EARNINGS

London, Jan. 8.

The last of the big British banks announced their results to-day All of the "Big Fivo" show in creased earnings for 1934, and dividends are in every puso main tained..

01,

and

THE HONGKONG' TELEGRAPH.

NEW YORK STOCK)

EXCHANGE

MARKET IRREGULAR

YESTERDAY

The following reports on the New York stock market have been received through Messrs. Swan, Culbertson and Frits: The Wall Street Journal report

In

WEDNESDAY, JANUARY 9, 1995.

LONDON STOCK EXCHANGE

LATEST SHARE

QUOTATIONS

The following quotations on the London Stock Exchange have been received by Messrs. Bwan, Culbertson and Fritz in conjunction with Reuter."

War Loan 35%

6

British Government Securitler Jan. 7. Jan. 8.

radm after 1052 £100 £100

Chinese Bonds Bonda 1898 (Eng. xx.) £103 Loan 1908. £ 90 Loan 1912. £.00 Reorg. Loan

£103

£ 09

£ 0014

£ OH.

£ 98%

£ 79

£ 7014

£ 33

£ 20

£100

£ 1

£101

£ 10 Banks

£7234

£ BIL

£ 9611

£138

on yesterday's market: Stocks were irregular and moderately active, featured by the early selling of oil issues as a result of the Supreme Court's ruling; after which 44%

on whose olla were stendier reassuranceA Of the three banks balance sheets are published to from all States that the decision docs 4

not mean heavy production of illegal day, the Westminster declared 18

oll. Steels were strong, but motora 5 By A. Eddy

per cent. dividend, the Midland were hurely steady in spite of Genern)

1913 (Lan. Ins.) £ Ox Travel developments having 16 per cent, and the National Pro-Motors having reported its

1034 Bonds 1926-17 £-08% salon nt 42.7% higher than ma,en for Shai-Nanking important possibilities in the vincial 15 per cent,

wondering On the Stock Exchange, bank 193. Some brokers are

Rly. future of Hongkong make it

Tient.-Pukow absarh Government bonds; and, In expedient for this Colony to or- closed firm following these how long the banks will continue to

Rly. announcements.-British Wireless.

addition, are curious as to what the 5 Tient.-Pukow

* £33 ganise an official body in order

effect will be of n vally Inflated Railway (Supi. to obtain the fullest possible

bank credit, an result of the bond

Loan) benefits from the steady stream tainment in co-operation with the station necessary to carry out Pre-6. S'hat-Il chow- Ningpo Rly... of gold now passing between the local Medical Association for a post stdent Roosevelt's Budget require. fingers of Hongkong business in convention trip to Hongkong: or in ments. Donds were irregular. Stocks: Human Rly, £ 26 36

case of a Police Convention in Singa- on the Curb Exchange were upward. 5% Hukuang Itly. the form of tourist traffic. Up

t11

£ 48% G Lung Taing U. to the present time little has pre. For instance, the local Police Wheat prices were upward on short

Department would be requested to avering after the early decline.

S. C. & F. New York office cables:

Hai Rly. 1913. £ 17 been done to retain at least part offer suggestions which would be The all production control provision

Foreign Bonds and of this floating wealth for the submitted to the prospective vial of the National Recovery Administra-German 72 Înt,

Hongkong, tion, held to be unconstitutional, may Loan 1924... £ 70 benefit of Hongkong and the tors, and so

climatically ripe unsettlement

petrofeuin Japan 6 Sterling main objective of a Tourist geographically

Loan 1007 ... £ 8215 Commission or Travel Associa-admirably suited for convention prices American Telephone & Tele- extimated purposes and possessing ample hotel rap'n net earnings ate tion would be to evolve some facilities, could herself propose and Melville Shoe have both declared F.K. & Shai Bk. at $5.76 per share. Simms Petroleum Japan 6 Sterling

Loan 1924... £ DAN ways and means whereby to such gatherings for different in- an extra dividend of 50 cts, per share.

(Ldn. Regol.). £18 secure from this valuable streara (dustries, hotel men or transparta- [December steel ingat was up 450,000 Charterett Bank 26

shi. more substantial deposits than tion companies operating in the Far tous. Senator Adams (democrat) is

16% 16% Industrials and Breweries we have been getting up to now. East in order to establish a close reported as slating that the unen-

wil members oflitutionality of the

restriction Associated Elec. In the beginning of the large co-operation among

world eventually apply to agriculture.

Industries..... the same business, scale tourist movement which com-

Business done: 1,190,000 shares. British-Amer, Tob.

New York and Chicago commodity menced shortly after the War and

(Benrer).......... received through Mesa Chinese Eng, and renched its height in 1929, when

reports the combined tourist expenditure of

Swan, Culbertsaft and Fritz:

Min. (Bearer} Cotton: A message from Washing Tate & Lyle the world exceeded the twelve hun Hongkong throughout the year. to inferring that there will be no Courtaulds dred million gold dollar mark, Itle

Large tourist partles passing further pressure of Post selling at the Distillers discrimination was exercised on the part of travellers in making up through this port and organisers of Present levels, caused afternoon buy Dunlop Rubber

World production of cotton for Everready 5 sh 23/10 23376 their itinerary which invariably in-uch parties could be approached the year in extinted Butt

23,000,000 General Electric cluded France popularised by itinerary, to stop over in Hongkong

(England)

50133 10/0 Grains: Whent: The amount for Boots & ah.... returned British and American, for a few days or so by describing sale at $1.02 has halted the advance. Impl. Chem. Ind.

-17/- 47/3 38/- sokdiera and then the greatest bene-

3Hf.. ficiary of the tourist business.the manifold attractions of this There are good rains in the South impl. Chem. Ind.

Winter whrut helt, Def. 10 alt.. 10/459 1978 Fifteen years of travel experience,olany and by presenting them de- and the

There was fate selling by the pit Impl, Tabarro 141/3 1427- and an extensive advertising camtaled and alternative programme crowd on a substling demanel.

In Woolworllis M of sight-seeing and cost per head in paign instituted by the other

ceza ensi: houses were buying. Owing sh.

114/0 111/6 European countries, North Africa, different classes of hotels, Mans to rains and light country offering. Internat."

Nickel the West Indies and Japan, bow of these invitations, of course would there was a tendency to profit-taking

ro par val. . . . . $2415 $ 24 The Dept. Turner & Newall ever, have taught the tourists to not bring results, but many of them on advances in all grains.

6576 fwould, and a great many efforts of Agriculture has estimated domestle Unilever

207- choose their travel itinerary more which may seem waated to-day requirement of wheat at 455,000,000

MiscellaneoUN carefully with the result that to-day would materialise in future times.

bushels,

Anglo-Dutch many more countries are getting a

Hurma, Corpa. Ba. share of the golden shower left in the wake of visiting tourists than

Austin Motors ord, before.

Bl. Chart 16/- sh. (Bearer)... Guln Kalumpor Rubber... Trenca Mines 6/

ati.

EUROPE'S EXAMPLE

and

Educational institutions clubs in North China, Malaya, Canton and the Philippines could be invited to organise excursions to

before Anally deelding

their ATE

LOCAL ATTRACTIONS

{bales,

Rubber: Primtaries were Arm: [There were careful sellers and trade Puyers. Ceylon exports for Decem-

her were 8,481 tons. Dow Jones Averages:

The contention that Hongkung has nothing to offer to visitors is amply contradicted by the increas

30 Industrials How fully Europe realises the ing number of experienced tour 20 Rais importance of the tourist truffle can conductors who are now beginning goes

make Hongkong their heal 40 Bowis be gauged from the elforts that: are now being made by almost all South China. To many of us a trip

quariera during their visit to Commodity European governments and com munities to attract travellers around the Island or New Territor- Amer, Can

afes may not be fascinating any more Amer. Smelt

to

to

Cune...

their whores. There is hardly a obyinas reasaus, batt this does nr. 1. & T. place of historie or artistle imot npply to the visitor from over-

Auburn „portance ur natural beauty Europe, which does not possess

seat or even from North China, Du Pant Philippines or Malaya. Many of us 73. 1o. & Sh. descriptive literature designed to catch the eye of the travelling public think that the trip to Canton is a Gen. Motors

anisance, but it has a great fascina.Int. T. & 7.

Mcintyre

Co-

for the purpose of deciding them tolan for most foreign visitors. visit that particular locality: "Most

A trip to Macao, in favourable Montgomery Ward' of this work is done by travel

Nut. Distillers any NY. Central #ssociations or tourist commissiona! weather more beautiful than

can Socony-Vacuum #nder the auspices of the different trip of similar duration one

undertake anywhere in the Orient. Union Pacific governments and with the operation of the railways and other may be a common place experience U.S. Steel transportation companies of the in our eyes, but it has countless West, E. &. M.'

attractions and pleasures for travel- Hers from other parts of the world. Thanks to the growing im-

Cheung Chau may be very little portance of the Pacific and the ex-known to most Hongkong residents, tensive advertising campaign sus yet the artistically inclined find it tained by Japan, the eyes of the one of the most picturesque islands travel world are slowly but surely to be found In the seven sons, turning toward the Far Eust RU

For many of us a trip to Paddy's ̧

country.

far known by comparatively few Market may appear a calamity, yet tourists, and Hongkong, situated on it is a source of grent delight and a very busy ocean highway and, interest to others who regard the destined to figure as an important ricksha or sedan chair, which we junction in the airways sow under don't even take notice of, an object organisation all around her, is of great curiosity which needs bound to be favoured by a far photographing over and over again, superior number of visitors, than so that it is simply shortsightedness: ever before.

to judge the whole world according The steady stream of gold now

to our own tastes and opinions. trickling between the fingers · of

Time fact Hongkong will swell into a respect able creek, but of course it will be

Jan. 7. Jan. 8. 105.8K 195.03

21/4

2473

1307-

1307...

19/-

19/--

103/3

103/-

49/1

4976

04/07 94/5 52/3

+-759

E RADIO BROADCAST

Violin Recital From The Studio

DANCE.

PROGRAMME

From ZBW on a wavelength of 365- metres (845 kilocycles):

4-7 p.m. Chinese Programme. 6-6.10 p.m. Lindren's Sundio Con- cert.

7 p.m. Stock Quotations.

Concert. 7.5-7.35 p.m. Pianoforte Solo-Valse in E, Major,"

Op. 4 (Moszkowaki),

Arthur de Greef. Sung-Sleep On ("Helen").

(Uifenbach).

SongsMy Man (Adams),

Winnie Melville (Soprano), Cello Solonumoreske (Dvorak,

Op. 101, No. 71. 'Cello Solos-Melodie (Tschnikowsky:

Op. 12, No. 5).

Gaspar Cassada. Songs-La Donna e Mobile (Woman is Fickle) (Verdi) ("Rigoletto"), Songs O Sole Mio (My Sunshine).

Enrico Caruso (Tenot). 1.35-8 p.m. Light Orchestral Belec.

tions.

Hail, Vienna-Potpourri (Dostul). The Mousme-Overture (Monckton,

arr. Wood).

The Arcadians---Overture (Monckton,

arr. Wood).

Berceuse (Järnefelt),

Parade of the City Guards (Jennel). A Musical Snuff Box (Lindow),

B p.m. Local Time and Weather Report.

8.03-8.42 p.m. Varlety.

Piano Solos Stand up and Sing-

Medley,

Raje da Costa. Songs Just by your example

("Evergreen").

Song-Dancing on the Ceiling

("Evergreen"),

Jessie Matthews (Soprano). Organ Solos-I want to be Snappy.

Sidney Torch, Vocal Duet-I Like to re back

in the Evening. Voral Duet--Lazybones.

Layton and Johnstone. Banjo Solo-Keyboard Kapers. Mandoline Solo-Mazur,

Mario de Pietru.

Songs-Temptation. Sangs-After Sundown.

Bing Crosby. 8,42-9-10 pm. Band Munie, Hungarian Dance. ("from Foreign

Parts) (Moszkowski). Le Reve Passe (Krier Helmer). The Caliph of Bagdad-Overture

(Boieldieu),

Silver Trumpeli-Kirand Processional

March (Vivani, arr. Godfrey). The Old Frog Pond, (Alford). Parade of the Elephants, (Chenelio). 9.10-9.30 p.m. From the Studio, Violin Rueltal by Professor N. A. Tonoff accompanieil by Professor S. Muktezot!

Programme.

"Les Sentimental Morceau." 1. Canzunetta (from Violin

Concerto) Tchaikovsky. .Saint-Suen,

5678 26/0

37.26

37.15

17.64

17.54

16.49

96.62

{/-

38/3 477-

22/414 22/3

22/- .. 29/6

9/.. 8/10%

24/7 24/7

H/1016

04

32.10

Langleagle

Jan. 8..

Estates

38/4

3176

11514

38

Sub-Nigel

253/19

253/0

Pekin Synd. 27-

105%

urd. sh.

1/0

1/6

ATM

Rubber Trusta

3:176

3873

2. Le Cygne

0814

S'hai Elec. Constr.

537-

3. Berceuse 1.

96

60/7

11/71

4. Valso...

6

I

5. Tambourin

122

3179

31/9

9.30 p.m.

03

VIA

Quotations.

317

201

2716 201

Anglo-Persian Oil Burma Uit..... Southern Railway

_-48/16.

Thi-

47/6

76/-

145

Rolla

(Deferred) £

Royce £1

110%

h

109/0

11073

39

Shell Tram and

384

Trad. (Beurer)

50/-

48/115

Geldenhuis

27/6

26/10

Crown Mines 10/-

*h,

266/3

265/-

Choren Corin.

36/0

36/41%

U.S. COMMODITY PRICES

LATEST CABLED

QUOTATIONS

Messrs. Swan. Culbertson and Frita have received the following quota- tions on the New York exchange for yesterday.

is that, within a radius January of hundred miles. Hongkong has the March most densely populated, the most May of very little value to Hongkong 1 colourful and intellectually

the July

New York Cotton.

Jan. 7.

Clone

12.55

12:65 12.70 12.70

December (1935) 12.08

Spot

March

12.85

New York Rubber

13,74 13.04

14.13

14,36

14.54 14.03

July

Total sales:-171 lots

Chicago Wheat

1013

ከላ

September

Monday's

Van Ryn Devp .. Electric Musical

Industries....

50/..

WANCHAI MURDER

POLICE REFUTE ALLEGATIONS OF VIOLENCE

Stravinsky.

Brahms: Rameau.

Press Bulletins, Stock

9.35-10 p.m. Musical Comedy.. Vocal Gems-The New Moon

(Romberg).

Vocal Gema-Whoopee (Kahn). Selection-Frincess Charming.

Vocal Gems Lady Luck.

Vocal Gems-The Vagabond King.

10-11 p.m. Dance Musle.

18:30p.m. Press Bulletins, Stock Quotations.

11 p.m. Close Down.

INDIA REFORM BILL

London, Jan. 8.

The Secretary for India, Sir Samuel Hoare, had an interview with the Prime Minister to-day with regard to

the new Indian Constitution Bill It is anticipat-

The allegations made by Li Singed that the second reading of this aliae Li Ying-wa against the measure will be moved in the Police of violence and, threats be Commons during the second week Jan. 8.

ing used to force him to make a in February, and that the bate Closing Range

statement, were refuted by Palice will occupy three or four days.— witnesses when the hearing of the British Wireless: 12.59-12.50 12.00-12.00 Ce against the defendant waa 12.78-12.74 resumed before Mr, W. Schofield, 12.81-12.82 at the Central Magistracy yester 12.03-12.63 day afternoon. 12.67-12.67 12,00

IN WIRELESS TOUCH

The following ships are expected to be in wireless communication The defendant was committed to with Hongkong to-day.—II.IJ.M.S. stand his trial at the next Criminal Saga, Sirdhana, Hupek, Talyuan, Sessions on a charge of murder, Penang Maru, Shenglee, Danwood, 13.78-13.70 with others, of Lam Ming in Pres. Hayes, Pres. Harrison, 13.91-13.01 Queen's Road East, on October 28 Michigan, Tantalus, Clara Jebsen, 14.11-14.13 last year. 14.32-1-1.32

Haining, Anjou, Pres. Taft.

101%-100%

14.51-14.61 Detective Sergeant Pitches, re- 14.61-14.01 called, denied having used

violence or made threats or pro-in port this morning from Canton. The Japanese gunboat Supon arrived mises to defendant from the time As this is the first visit of the vessel he was arrested to the time he to Hongkong this year she fired n was taken to the detective office Royal Saluto of 21 guns on entering 04 .93% at the Wanchai Police Station. the Harbour, Blackigend Fort ranly- 92% 02-02% Witness also denied having squeezing. She also saluted His Excellency sales:-20,070,000 bushels ed the defendant's neck.

Chicago Carn

01

unless ways and menus are devised most advanced Chinese city: the October (1086) 12.02 to secure some of the valuable oldest white settlement in the form deposits which are now settling in of a little bit of Southern Europe other parts of the route due to the i transplanted in the East: the birth efficient menna of arresting the pince of one of the great historical attention of work travellers pasa-gures of modern times, and a little January ing through those localities.

bit of old England in an authentic May ATTRACTING CONVENTIONS | Chiness setting, a total of unusual-' July

ly interesting social, racial, artistic, September The purpose of a Tourist Com- lilstorical and scenle experiences to | October mission or Travel Association [offer to foreign visitors.. would be to devise auch methods of

RESTFUL ATMOSPHERE keeping the travellers in this

The oft repeated criticism that Colony on their way to points Hongkong is too slow in amusement North, South, East and West. addition to catering to the in-content to many, but it is a positive

facilities may be a matter of, dle dividual tourists as suggested in a blessing to others. The charm of previous article, the job of such a body would be to contact with Hongkong in the eyes of the majori groups of travellers visiting Japan,ty of foreign visitors, lies exactly North China, Malaya, Dutch Enst the fact that no matter what

part May Indies and the Philippines.

the town you are in, a of

ten July

80% 8357 There are always conventionsables you to leave the bustle behind

minutes' walk or ricksha ride en- September

Total sales:-11,108,000 bushels other groups visiting those and to enjoy a restful atmosphere localities, and an official letter from which perhaps no other city of the

Winnipeg Whent. the Tourist Commission inviting same size can offer you anywhere. May of such gatherings to It is a mistake to think that every July. visit. Hongkong, laying before them, tourist who comes to Hongkong I datalled Itineraries with complete out for "wind, women and song". coste inclusive of all necessary ex- The majority of the travellers are March panses, and programmes drawn up just average persons who take their May In co-operation with local bodies, fun wherever they find it without July having similar interests, would, no going out of their way to look for doubt, in many cases decide groups.

and

members

or at least individuals to fit Hong-; kong Into their travel plan.

Bi

84

84-84% 84-84%

promises were appear:

the Commander-in-Chier, Admiral Sír Frederic C. Dreyer. II.M.S. Kent David Wong, interpreter at the replied. Wanchai Police Station, who was 014-01 also present when the accused was

A concert arranged by Mr. J. G. 80%-864 844-844sted, and who went back in Charlton will be held in the Sailors'

the station in the van with the

and Soldiers' Home this evening at o'clock, when the following woll accused, also said that no violence. known artistes have consented to nor threats nor

Rev. J. N. Lowia Bryan, used to defendant.

Mr. Harry Ore, Mias Elvie Yuen, Mr. Conraun De La Cruz Mr. Li Chup thở, Similar evidence was offered, by Miss Hilda Binns, Mr. Tom Lee and three other Chinese detectives, Mr. I. Dixon; accompanist Mr. J. G. Inspector Chu Heung, Sergeant Lo Charlion. The price of admission in 1.37 1.37-137% | Kwong and Lance Sergrunt In 20 cents and it Is hoped that there 1.38

1.38 -1.38 Sal-so, and Sub-Inspector Rogers, will be n geod ́attendance, 1.884 1.38 -1.30

the Inspector on duty when the Total sales:-237 lots

defendant was brought into the Montreal Bllyer.

station. .:: 54.00 54.40-54.70 55.20 64.95-55.15 60.15 65.30-50.00 £3.50 60.20-54.50

There is one important point: March In the case of a medical conven. which should be made clear to pros- May tion in Shanghal, for instance, the pective visitors, namely, that South July Tourist Commission would draw up China is just as different from, September #tentativo programme" of "enter"

(Continued on Page 12.) ---

New York Sk

Total sales:-1-contract-

The accused reserved his de fence, and Mr. Schofield then com- mitted him to stand his trial at the next Criminal_Sessions,

An excellant programme of musical items has been arranged for the Y.M.G.A. ladies' night,; to-morrow, commencing at 6 pm. Among those taking part are Mesdames A. Lock- hart, Luba Shaftain, Snowdon-Jones, F. Griggs, and H. Evello, Col. C. H. Kuhne, and Dr. L. T. Ride..

The

comfort of good socks

Two Steeples

Good woollen socks are restful to the feat when sitting are vital to the enjoyment of walking. The Twa Steeples No. 83 Socks made exclusively of St. Wolstan Wool, the best wool obtainable, have sufficient weight to nicely pad the shoes. They fit foot and anklo snugly, keep the feat cosy, and prevent dis- comfort if the wearer perspiros.

A shado for overy Suit

in light, medium and heavyweight wool,

From $3.50 par pair Leir 10% Cash Discount.

MACKINTOSH'S LTD.

Men's Wear Specialists.

SMILING IN THE RAIN

with FISHER NO DRAFT VENTILATION

Even when rain pelts against the windows of your car, you'll be dry. and comfortable, inside if your car has Fisher No Draft Ventilation.

You can open one of those smart Ventipanes just a little, "and out out goes, the stuffy air, In comes the pure fresh air, without drafts or This any splatter of raindrops. helps to keep the inside of the windshield clear for front seat

· passengers, which certainly makes driving safer for all con- cerned. And it keeps the occupants in the back seats from being chilled by drafts, or getting all hot and squirmy and restless.

In fact, it would be hard for anyone to get tired of riding in the smart, strong safe new Body by Fisher. The seats are wider, deeper

the cushions more luxuriously restful.. the whole interior noticeably more spacious. That's one of the first things which will impress you, when you see and examine the new CHEVROLET SIX.

FAR EAST MOTORS

AFAGD

Cough

B

BAYER

26, Nathan Road, Kowloon.

Telephone 59101.

catarrb, respiratory troubles what terrible tormentors 1 But do not despair,

'Cresival'

the proved remedy, will also help you Give it a trial to-day and convince your- self of its excellent quality. 'Cresival is very palatable and stimulates the appetite.

CRESIVAL

CHINA'S TURN NOW.

EMBARGO ON EXPORT OF ARMS TO S. AMERICA

Nanking, Jan. 8.

The Executive Yuan

adopted a resolution submitted.by General Ho Ying-ching, Minister" of War, that China should adhere to an international' agreement place an embargo on exports arma to Bolivia and Paraguay.s to-day Central News Agency.