Carnation
Carnation
"From Contented Cows"
THERE'S CREAM
IN
EVERY DROP.
The dollar, on demand, elos
to-day at 1/5 ́8-4.
FINAL EDITION
China Mail
THE OLDEST, ESTABLISHED NEWSPAPER IN THE FAR EAST
Sole Agents: CONNELL BROS. CO., LTD.^
Eat. '1845.
Est. 1845.
MIL
HONG KONG & S. CHINA,
No. 28,690 HONG KONG WEDNESDAY, APRIL
1934. PRICE $3.00 Per Month.
AMERICAN ADMINISTRATION WORRIED
YORKSHIRE
SOCCER TEAM
SURPRISED
Huddersfield Lose At Home To Liverpool.
WEDNESDAY BEATEN
London, To-day Huddersfield were sensation- ally beaten at home by Liverpool two yesterday, and are now
points in arrears of the Arsenal, the champions, in the race for
1
OFFICIAL ANGLO-JAPANESE
TEXTILE NEGOTIATIONS
Japan Indicates Readiness To
Discuss Situation
London, To-day.
A communication received by the Board of Trade, from the Japanese Government. to discuss with the United Kingdom Govern- ment, the situation arising out of the breakdown of the recent nexulations between the delegaten of the British and the Japanese textile industries.-British Wire- Jean Service.
the English League football title. RIOTING BY US.
Liverpool are fighting desper- ately hard to avoid relegation and are now on level terms with) Aston Villa and Leicester, who held the Wolves in their homel match yesterday.
The Wednesday met with unexpected resistance at St. Andrew's where Birmingham scored three times without re- plying to displace Newcastle In an attempt to avoid relega. tion.
Bradford maintained their posi- tion in the Second Division with a win over Burnley, while Coventry Grept closer to Queon's Pork Rangers in the southern section with a sub- stantial triumph over Bournemouth, who now appear, doomed to relega- tion.
The following were yesterday's results as called by Reuter:
A FIRST DIVISION Birmingham 3 Wednesday Huddersfield Liverpool
Leicester ([^ ^I<Wâ€&
SECOND DIVISION
2 1
Bradford 5 Burnley.
THIRD DIVISION (South) Coventry
4. Bournemouth 1 (Tables On Page Four)
STOCK EXCHANGE- CONTROL.
Substitute Bill Submitted.
POWERS FOR FEDERAL RESERVE-BOARD.
SPECIAL TO CHINA MAI.. City Telepeoph. Copyright. Teligen die Mannanam Ordinanca, FROL. Re veined April 4, 887 nam-j
Washington, To-day. The Stock Exchanges of the nation have submitted to the House of Representatives inter-
COAL-MINERS
Shorter Hours Cause Confusion.
TREASURY'S PLANS AFFECTED
LIQUOR RE VENUE MAY
BE REDUCED
ECONOMISTS PREDICT CURRENCY
INFLATION
WASHINGTON, TO-DAY."
THE UNITED STATES TREASURY'S LATEST RETURNS SHOWING A DEFICIT OP: U.S.$2,500,000,000 FOR THE FIRST NINE MONTHS OF THE CURRENT FISCAL YEAR, ARE CAUBING CONCERN IN ADMINISTRATION CIRCLES.
4
The Treasury Secretary, Mr. Henry Morgenthau, has an- nounced that he has been studying the liquor revenue, which is below estimates. The Treasury, he said, was considering whether lower tariffs might bring increased liquor revenues. He indicated/ that no decision had been reached, but recommendations would Re-be submitted to Congress in due course,
SPECIAL TO CHINA MAIL By Telegraph, Copyright. Telegra plac Mcxungen Ordinance, 1881. facived April 4, 1051 asm.)
Washington, To-day. Widespread rioting has re- sulted from the shutting down of coal mines in Pennsylvarán, Illinois, West Virginia and ́Oklahoma, due to alleged confusion caused by General Hugh Johnson's order for an immediate. seven-hour day and a five-day week.--Unit- ed Press. per S.C. Gold Bar Co.
The deficit also affects the Treasury's plans. An important announcement on the matter is expected to be made to-day.
+
Market circles generally expect an issue of long term bonds or notes in exchange for the fourth series of Liberty Bonds. It is con- sidered possible that there will be a limited cash offering as a safe- guard in case only part of the Liberty Bonds are returned for change--Reuter."
GENTLEMEN:
MAKE
BERNARDS"
YOUR
BUYWORD!
OUTFITTERS
CHATER ROAD. HONG KONG
BY $2,500,000,000 DEFICIT
Last homage to King Albert of Belgium. I. R. H. the Prince of Wales (weafing the uniform of· ́an · Admiral) with other foreign dignitaries in the procession. In front, left to right, may be seen, the Prince Consert of Holland, Prince, Claf of Norway, the Prince of Wales and Prines Gustav Adolph of Sweden.. Be- hind may be seen the tall figure of Prince Charles of Sweden (father of the new Queen of the Belgians), Prince› Nicholas of Rumania, and other representatives of various ́ nations.
FRENCH AIR EXPERT KILLED IN PLANE CRASH
Pilot And Mechanic Uninjured After Plunge Into Seine
Parix, To-day. -Vice-Admiral Martin, the French
HUGE BOND ISSUE. HIGHER MARKETS OR air expert, was killed yesterday.
Washington, Later. The United States Treasury yea Ferday announced the offer of 10 to. CLOSED MINES TO 12-yeard 34 par cent. Treasury
RE-OPEN: ?
Bonds in exchange for the U.S.$1,- |000,000,000 worth of Fourth Liberty Bonde maturing on April 16
SPECIAL TO CHINA MAIL.
Bu Telegraph Copyright, Telegra and the U.S.1214,000,000 worth of phic Mesanges Ordinance, 1804, Re-Treasury notes maturing on May 2. |ceived April 4, 10.1 a.in.)
No cash subscriptions will be ace cepted.-Reuter
Chicago, To-day.
It is announced that the closed mines will re-open to day in compliance with Gen- eral Johnson's ruling.-Unit- ed Press. per S.C. Gold Bar Co.
THE IDEAL HOME
EXHIBITION.
Popular Annual Event Opens At Olympia.
London, To-day. State Commerce Committee, a The Ideal Home Exhibition, substitute Control Bill giving which has become an increasingly the Federal Reserve Board un-ipopular annual event, was opened restricted control over margin re-jyesterday, at Olympia, London, quirements, and placing the con- The latest
BIG RISE IN REVENUE
SPECIAL TO CHINA MATE. (By Telegraph, Copyright, Telagras phie Mensages Ordinance, 1894. "Re scived April 4, 10-11 am.j
Washington, To-day.
INFLATION.
Statisticians Differ:
Predictions.
SPECIAL TO CHINA MAILAD
(By Telegraph, Copyright, Telegra phia Monges Ordinance, 1291. Re ceived April 4, 3.27.6.m.)
New York, To-day. The well-known United States economist, › Professor Harland Allen,, has predicted currency inflation. He, as- serted yesterday that any serious stock market decline is more likely to precipitate Inflation than to pierce the resistance levels, D
When the amphibian seroplane in which he was firing, crashed while
alighting on the River
-Belen, near - Abona;
240 milat and the mechanic' were both uninjured:--Reute
117,000 MORE
RECOVERY IN US.
Industrial Activity Increased.
MANY SIGNS' OF BUSINESS REVIVAL
SPECIAL TO CHINA MAIL, #y Telegraph, Copyright. Telegra obie Menapes: Ordinance, 1884. Fr celod" April 4, 10:11 am)
New York. To-day.
„The Federal Reserve Bank of [New York; in a statement immed yesterday, declares:
"The volume of industrial acti-
EMPLOYED INvity increased in February. For
FEBRUARY
Steady Improvement
In Britain.
BUT 2,201,577 STILL' OUT OF WORK
London, To-day. Another large reduction in the number of unemployed was announced last night. Figures farued by the Labour
the third consecutive months con- siderable growth in factory em ployment and pay-rolls took
place
Mr. John D. Rockefeller. Junior, commenting on the trade outlook, said, "I am always 'optimistic."
The Chairman of the Recon- struction Finance Corporation. Mr. Jesse Jones, yesterday an- nounced that business was improv ing generally, citing the R. F. C. expenditures for 1934, which are actually U.S. $500,000,000 below
Another prominent economist, The United States Treasury De- Mr. Roger Ward Babson, fore- partment has reported that the casts higher stock market levels. Government's March income WEB "We shall remain in bullish on U.S.$420,103,481, the highest since stocks. Hold good issues, he, ad- June, 1831, when it was U.S.3512-vises. 898,772United Press, per 3.C. The "Brookmire" business Ministry-show that on March 10. Iforecast states that the enact-there were approximately 10,058,- ment of the Stock Market Regu-1000 insured persons, aged 16 to the estimate, so far. flation Bill will probably have A 64, in employment in Great Bri- The Ford Motor Company states, slight immediate market effect, tain. This represents 117,000 "A survey, shows that people want while the longer term restraints more than in February, and something" "a little better." favour bonafide investors. 644,000 more than the year be-United Press. per S.C. Gold Bar Co.
Gold Bar Co.
NATIONAL CITY BANK EARNINGS.
fore, developments in Foreign Branches. Show
Appreciable Upturn.
SPECIAL TO CHINA MAIL –
trol of all stock exchanges in the housing, decorating furnishing and hands of a commission of five, to gardening,; make a most interest be appointed. by the Presidenting and attractive display, and and confirmed by the Senate, one feature of great prominence. By Telegraph, Copyright, Telegre which will license the exchanges this year, is a tower made of non-phie Messages Ordinance, 1884, Ba under certain restrictions and corrosive Sheffield steel material ocived April 4, 1031 am)
New York, To-day. make them self-governing, for which innumerable uses are
The new Bill prohibits manifound and which promises to effect | Mr. James H. Perkins, Chairman pulations, matched orders, wash a revolution in certain dopart-of the National City Bank, has cir- sales and misleading information ments of steel manufacture. Bri-culated a letter to the stockholders,
Violators can be fined or impri-tish Wireless Service. Honed, or both. United Fress, ner SC Gold Bar Co.
SUBSTITUTE BILL
REJECTED.
SPECIAL TO CHINA MAI (Up Telegraph, Copyright. Telegra shin Marangon Ordinance, 18OK, IZ ceived April 4, 10,11 μm.) |
Washington, To-day.
The House of Representa, Hvm InterSiate Commerce Committee has rejected, the aubstitute, Hill, for stock a change regulation. Ma Representative Rayburn has an nounced that the specific margin requirements will be written into the Fletcher-Rayburn Bill
NANKING-CANTON FLIGHT.
Mile. Maryse Hilsz Plans Non-Stop Journey.
Shanghai, To-day.
Mile. Maryse, Hiluz, the
showing that the bank's earnings for the first quarter of 1984 will ex-| cood U.S.$4,500,000..
The earnings of foreign branchen [aro substantially better than last year, he states-United Prasa, per
Gold Bar Co.
DEATH OF LADY": SYBIL GRAHAM.
French visiris, left for Wife Of Former Rome Nanking this morning, after
a week sight-seeing here." She will attempt to make
a direct fight to Canton from Nanking, Realer.
WEATHER REPORT:
Sources, closs to the Committed. Cloudy generally, predict that the Bill will not reach drimle or light rain, and; the Banate floor) during the pre- north-east winds, was the sant wasion--United Press par 8. forecast issued by by Boral 0. Gold Bar, CONVER
vatory this morning.
Ambassador.
London, To-day.
· The death occurred in London, yesterday, following an operation, |of Lady Bybli Graham, wife of Sir
Ronald? Graham, who, until blag Icent reti nant was British
baseador, to' Roma;1
Tilof Midiaton B
The journal recommends the retention of present security-United Press. pér S. C. Gold Bar Co.
MORE SILVER BILLS HEARD.
Stormy Committee Session.
SPECIAL TO CHINA MAIS (ly Telegraph, Copyright, Telegra phis Messages Ordinancs,-- 1896, Re ceived April 4, 6.04.m.)
Washington, To-day, The House of Representatives Banking and Currency Committee held a stormy session yesterday, after which the; Committee's...„‚allvar advocates predicted that the Gold- sborough Bill would be reported to | day, carrying the Berugham mendment United Press per (B,C) Gold Bar Corzaninkataralar US, CONSUL BEREAVED
IN SHANGHAI
The improvement in employ. ment extended to nearly all the principal industries.
Those in which it was most
marked included building and public works contracting, tailor- ing, Iron and steel manufactura,
· (Continued on-Page: 1)
STOP PRESS
"NEW DISARMAMENT VIEW IN HOLLAND
な
The Hague, To-day. Abandoning their former standpoint against militariam and armaments in:Holland; the Social: "Democratic" - Labour Party, the second largest party in the country, have decided to verkotor. Disarmament only.com
International lines and to parif.; alpate in the Government if so required,
Evusta, ID. Austris and Ger many are held responsible for 5 this definite change tri-policy.
The Párty slabe that they are
red to fight for a real Dé
RECOVERY CODES “A MISTAKE.”
Some Industries Not Prepared For Them.
RAIL MAGNATE CRITICISES BOOSEVELT POLICY.
SPECIAL TO CHINA MAN' fily. Talagraph. Copyriski. Telegra phis Message Ordinance, 1894. ~ ezived April 4, 2012 CM) F
*****" "New-York," "To-day,[""
Mr. Williams, Wallace Atterbury President of the Pennsylvania Rail-
NEW WAR...
THREAT
COLOMBIA
AND PERU
MAY FIGHT
DISPUTE -RENEWED OVER LETICIA.
RIVAL TROOPS MOVING ON AMAZONIAN TERRITORY
London, To-day. Another war : South America in ad- dition to the Bolivian Paragua- yan dispute in the. Gran Chaco region, is threatened owing to the breakdown of the conference in Rio De Janeiro between the representatives of Peru and Colom- bia - regarding the Amazonian territory of Leticia which was seized in September, 1932, by Peruvian filibusters, whose
tion was afterwards endorsed by the Peruvian Gov- ernment.
Fighting between the two countries ended last May, since when a League Commission has ad- ministered... Leticia while the negotia tions for settlement proceeded.
Now, it is stated, both countries are moving forces to wards Leticia in readiness for a re- sumption of hostili. ties. Reuter.
GAY SCENES ON CLYDEBANK
Work On Cunarder Resumed.
PIPERS LEAD WAY TO SHIPYARDS
London, To-day.
roads, yesterday reported 10 stock- holdem that railroads will continue as basic transportam. tion. The agencies are confi- dent that the Emergency Railroad]: A band of pipers, playing, a Scob-¦ Transportation Act will result in tah manching tone, led the d fair and profiable regulation contingent of men, to resumes, work
He reported that the net Income on the glat Conarder, known in 1908 was U.S.$19,291,169, s com- Number 584, at the buliding-yard of pared with US$13,578,586 for the Mesure, John Brown and Company
at Clydebank yesterday morning. previous year
1 In an Interview, later, Mr.
bury, said:
as
It was a notable day on Clyde- bank, for no work has been dona on two
"I think President Roosevelt hak the great Cunarder for over. done a great Job fn, many respects, years. Yesterday, paly 400 mien ber but I am convinced that It is a mis-gan work, bet the numbers will
take, to altalent to force Codes ib cartain industries which are un pared for theof. -United Press, per BC Gold Bar Col
||Increase" until, Engla Laye (8,000" men; will be employść
(Continued 'on Page