Carnation
"From Contented Cows"
THERE'S CREAM.
IN
The dollar, on demand,
to-day at 1/5 34.
ChinaTMTM Mail
THE OLDEST ESTABLISHED NEWSPAPER IN THE FAR EAST
Carnation
EVERY DROP,
Est. 1845.
MILK
Sale Agents: CONNELL BROS. CO., LTD. HONG KONG & S CHINA:··
No. 28,693
HONG KONG SATURDAY, APRIL 7, 1934.
Est. 1945.
PRICE $3.00 Per Month.
GENTLEMEN:
MAKE S
YOUR
BERNARDS"
BUYWORD!
OUTFITTERS
CHATER ROAD.
HONG KONG.
BRITAIN OPPOSED TO FRANCE'S DRASTIC DISARMAMENT PLANS
HIGHER PRICES IN AMERICA
Wage Increases Extend Upward Trend.
BOOM IN RETAIL TRADE
New York, To-day. Messrs. Dun and Broad- street have reported that re tail trade in the United States is making the fastest pace for four, years, due to wage in-
creases.
4
"As pay
raises are being extended to such a wide var iety of industries, price move- ments in the near future will undoubtedly be upward, with the exception of foodstuff prices, where irregular fluc- tuations may bring the level moderately lower," they state.-United Press, per S. C. Gold Bar Ca
HIGHER PRICE FOR
STEEL.
25 Cents Rise In Pittsburgh.
SPECIAL TO CHINA MAIL- Bu Telegraph, Copyright, Telegra phie Messages Online. 189. ceived April 7, 9.43 a.m.)
The price of scrap steel has advanced by 25 cents. - United Press, per S. C. Gold Bar Co.
SANTA FE RAILWAY REVENUES
· AGAIN DECLINE Company's Expressed Optimism For 1934
SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra hic Mensages Ordinanen, 3802; Re ceived April 7, 8.36 63.)
Topeka, Kansas, To-day.
The annual report of Santa Fe Railway issued yesterday, shows that-thie net income for 1933 was U.S.$14,502,300.
consecutive
For the fourth year, revenues have failed to ex- ceed those of the preceding year. The President, Mr. Bledsoe, said U.8.$20,349,320.
The President, Mr. Bledsoe, wid ho was optimistic for 1934.- United Press, per S.C. Gold Bar Co.
AIR SERVICES IN BRITAIN
Fast Communication In The North.
LIVERPOOL AERODROME OPENED BY PREMIER
New Service Inaugurated
STOCK EXCHANGE CONTROL BILL
CONGRESS SPEEDS-UP
ACTION
"PUBLIC SENTIMENT DEMANDS REGULATION LEGISLATION”
SPECIAL TO CHINA MAIL.
By Telegraph, Copyright, Telegraphic Messages Ordinance, * 1894,
Received April 7, 8.36 am.)
WASHINGTON, TO-DAY.
SENATOR ROBINSON, OF ARKANSAS THE DEMOCRATIC LEADER, YESTERDAY SAID THAT PUBLIC SENTIMENT DE MANDS STOCK MARKET REGULATION ENACTMENT THIS SES- SION. HE ADMITTED THAT THE MARGIN: REQUIREMENTS OF THE PRESENT BILL WERE "PRETTY STRINGENT.”
"I believe that Congress will pass the Bill, which will not damage anyone excessively and still be effective," he said.
The Speaker of the House of Representatives, Mr. Henry T Rainey, said that the Bill would probably be liberalised without destroying the bill's efficiency, - United Press-per S. C. Gold Bar] Co.
SPECIAL TO CHINA MAIL...
Ba Telegraph, Copyright, Telegraphic Messages Ordinance, 1884. Received April 7, 9.43 am)
New York; To-day..
The majority of opinion is that Mr. Richard Whitney, an oppon- to the Bill will be re-elected President of the New York Stock Ex- change on May 14, according to Mr. Elmer C. Walzer, "United Pa financial editor, The nominating committee reports on Monday and its nomination is tantamount to election-United Press, per S. C. Gold Bar Co.
London, To-day. Although the weather was un- favourale for flying, and epowent storms were reported in the mid land areas, Mr. Ramsay Mac Donald, the Prime Minister, flow yesterday to Liverpool to apena new aerodrome near that city.
"
COMMENCED.
Why Stocks Fluctuated:
DOG BEATEN TO Minister, Lord Londonderry,
He was accompanied by the Air BILL BEFORE BOTH | BIG INVESTIGATION
and HOUSES ŊEXT WEEK. DEATH
both Ministers were guests of the Lord Mayor at a civic luncheon.
Washington, To-day. The visit marked the inaugura The Senate Banking Commit- Gardener Given Animation of the new Liverpool-Glasgow-
Air tee yesterday unanimously puss- By Mrs. Morely.
ed an amendment to the Stook Exchange Control Bill, exéluding small_exchanges from the regu- Ilation.
BECAUSE CHILD WAS BITTEN
Pleading guilty to a charge - of maliciously killing a dog at the Central Police Court this morning, Lam Chin, a vege- table gardener, stated that the dog had killed a chicken and he was afraid that I would turn on him.
Belfast-Liverpool-Birmingham
Line Service.
The projected extension of The scheme will link Liver- pool, through Heybridge, a new airport in Essex, with Continent.
the
Spokesmen of both the House
The Prime Minister, in opening of Representatives Sub-Commit- the aerodrome, said that airways tee and the Senate Bank Com- were to be in future the pathway to mittee forecast, further quick prosperity, and that he believed the action, making it virtually cer- day was not far distant when peo-tain that the Bill reach both ple would be able to rise into the Houses next week, Inspector Rodger suid that former owner of the dog. Mrs. air from a space 30 feel square and Morley, of 13 Dragon Terrace, Buy and equally easily-British Wire
less Service. View, had given the animal to the defendant because it had bitten her
the
child. He stated that the defendant CHINA'S PROTEST
tied the dog up and beat it to death
with a bamboo pole.
Mr. Hamilton; the Magistrate,
-GENEVA.
d
There are strong indications that the question of fixed mar ginal requirements which comes up on Monday, will be left to the
Reu TO|Federal Reserve Board. —
remanded the defendant on bail of Issue Of Wang's Speech
$50 and asked if eye-witnesses of the incident could be obtained. Jej considered that the dog should have, been sent to the Dog's Home in the Brat place when it bit the child.
TREASURY BILLS ISSUE.
£38,000,000 Allotted.
* London, To-day.
A total of £80,390,000 was plied for in yesterday's tenders for £40,000,000 Treasury bills. The amount allotted in hills at three months was £38,000,000. -
The average rate per cent, was with 17/9.018, as compared 17/9.0941 week ago.—British Wireless Service, ...
BIG ADVANCE IN LONDON PRICE OF TIN
On Manchukuo.
London, To-day, The text of the Geneva speech of! Mr. Wang Ching-wel, profesting against the coronation of Mr. Henry Yu Yi na Emperor of Manchukuo, which was communicated to the League of Nations on March 10, was issued yesterday, having been com- municated to all members-Reuter,
COST OF COMPLYING|
WITH N.R.A. Compensation For
Contractors.
SPECIAL TO CHINA MAIL
ter.
COTTON EXCHANGES
INCLUDED.
Increased Margin Requirements.
New York, To-day. Increased margin require- ments for transactions in cot ton futures are contemplated fn the revised Code for cotton exchanges, which the Com mittee of the New York Cotton Exchange is discussing.
The new requirements will be
New York, To-day, The New York Stock Ex- change yesterday began its broadest
investigation for "months, with an inquiry into 15, stocks, which are mostly low-priced due to recent ac tivity, including over-night accumulating of buying. ar- ders, which shot the prices high at the opening of the market,
"The stocks concerned in the probe include those of the Borg, Warner Corporation, Cerro de Pasco capital stock, Kelvinator Corporation capi tal stock, Pacific Gas and Electric Corporation common stock, and Western Pacific Railroad six per cent. pre- -ferred stock,-United Press,
per S. Cu Gold Bar Co.
EMERGENCY TAX IN AMERICA.
Provision For Extra 10 Per Cent,"
SPECIAL YO, CHINA MAIL..
:
About 10,000 people attended a demonstration of hunger-mar- chers in Trafalgar Square, on Sunday, March 4, but the meeting passed off without serious incident, Mounted police, here seen. controlling the crowds, were kept busy clearing the roads leading to the Square-(S; & G.),
DULL TRADING ON
WALL STREET. Stocks Remain Steady.
QUIET AND NARROW SILVER MARKET
GRANDSON OF FAMOUS
.........
PREMIER PASSES
Beatrice Lillie Bereaved By Sir Robert Peel's Death
London, To-day. Sir Robert Peel, husband Beatrice Lillie, the famous actress, and grandson of the famous who founded the Metropolitan Prime Minister, Sir Robert Peel, Police Force and, who was "the
of
New York, To-day. No essential change in the tone evident yesterday, ́, and the silver original "Bobby died yesterday. of the New York stock market was market remained: quiet and nuts). Siz: Robert · would have been
Mayenér öld,” to daye Beater.
row.
Industrials, rails and bonds ad- vanced 58, 41 and 10 to 108.95,
49.90 and 93.91 respectively, while SLUM CLEARANCE brids declined .09 to 26.14.
The
commodity index was down 09 to 53.66.
Business was quieter, only 1,- 010,000 shares being traded.
In their market report, Messrs. E. A. Pierce and Company, through their local correspondents, Messrs. Asia Lands, Ltd, state:- "
IN BRITAIN
|.
OBLIGATIONS TOO RIGID
ECONOMIC
SANCTIONS,
AND CONTROL
‘A FRIENDLY BATTLE OVER NEW NOTE.
EDEN GOING TO GEVENA ON MONDAY
Paris, To-day.
Another French armaments not
to Great Britain is expected within
a week, proposing that semi-mik- tary organisations should be run? dered harmless, that French arms. ments remain at their present level) that observance of the Conventini be subjected to strict control and that sanctions, primarily. be immediately applied to violatan of the Convention.”
A friendly battle is over the last two proposals. Francat- does not want any loopholes, while Great Britain is averse to rigid ob Ligations, Reuter,
Norman Davis Sees Sir John Simon,
Londoni, To-day.
The Lord, Privý Beal, Captain
2,175,000 New Houses Anthony Eden, will leave for
In 15 Years.
£10,000,000 INCREASE FOR 1933 EXPECTED ·
London, To-day,
In the past fifteen years no
Geneva on Monday to take part in the meeting of the Bureau of the Disarmament Conference.
Questions regarding, guaran tees of execution of any Disarma "The essential characteristics of
ment convention that may be agreed upon, are still the subject the market are virtually unchanged and the firm undertone continues.
of exchanges between the Bri A moderately bullish attitude
an fewer than 2,175,000 new houses tish and the French Govern-
ments. pears to be justified.
have been erected in England,
The French views on security "Wheat: Dull. in the local mar and of this number nearly 1,900,-) ket May holders are holding tenaciqusly.
000 have been within the last ten were broadly stated in a note re years, 60 per cent. of them becently received in reply to the "Cotton: Steady undertone. Late ing erected by private enterprise. British memorandum and, subse trading, the growing resistance to
Though the population of Britain, quently, further inquiries arising the stock exchange regulation and has increased by only 2,000,000 out of that note were addressed
to the Qual D'Orsay. the steadier tone of outside mar- kets, helped."--Reuter.
WIRE AND RADIO COMPANIES.
Consolidation Urged Im America.
MPECIAL TO CHINA MÁÏC
By Telegraph, Copyright. Tolepra shie Meananer Ordinance, 1884. R |ceived April 7, 8.36 am).·*
Washington, To-day.
since the war the new housing sc commodation provided is aufficient for three times that number. - The greatest activity has taken London place in the suburbs of where nearly 500,000 new homes have been built in the last ten years.
This development is reflect- ed in the official returns of which Societies, Building
1922 the show that since.
mort amount" advanced on
.
The reply to these in- quiries has now
been ap proved by the French Cabinet Council and it is understood that it will be in the hands of the British Government to-day Its term will be carefully studied by the Bri- tish Ministers before Cap- tain Eden's departure for Geneva
were ·
Becent developments in the
situation gages has substantially in Disarmament creased each year.
discussed yesterday morning at. In the last seven years the annual a meeting at the Foreign Office
'Mr. Walter Splawn, special inves-}"; tigatory yesterday fold the House of total has nearly doubled, and it is between the Foreign Secretary Representatives inter-State Commit predicted that the 1933 figure will Sir John Simon, and Mr. Norman réach £100,000,000 nearly £10,000,- Davis, the United States repre- tee that the consolidation of wire 000 above the record total of 1981. sentative at the Disarmament and radio companies would be like-British Wireless Service. Conference, British Wireless
recom-
Service, yet delaye
ly if Congress permits were mended
However, he added, a careful study (ny Telegraph, Copyright, Telegro. of possible monopoly angles would 10 per cent on 10,000 bales of hea Morsages Ordinance, 1895, ** have to be studied. leas, 16 per cent, on holdinga be-ceived April 7, 9.48 dak.) - tween 10,000 and 60,000 balss and
20 per cent. on larger holdinge.
Washington, To-day,"
JAPAN'S CURRENCY-
EXPERIMENT.
At the back of the immediate Prica
Of Gold Raised By Government.
SPECIAL TO CHINK
The Chairman of the Senate Pin-urge for consolidation are the finan The proposed creation of a Code ance Committee, Senator Harrison, clal difficulties of the Post and authority is meeting with strong yesterday said that the Committee Telegraph Company,” he said. opposition on the ground that it had agroof of one your energency The International Telephone, and will give New Orleans and Chicago provision adding 10 per cent, to the Telegraph Company, he said Whir Manner Ordinance, 1891.· Re and equal voice in control. There amount of every tax return, United anxious to rid itself of accumulat fore New Dricans" and Chicago Press, per SC, Gold. Bar Co. ( combined could out voto New Fay York-Reuter.
ENGLISH COMPOSER HONOURED
Bu Telegraph, Copyright. Teleors whin Memages.Ordinance, 120%. Re- prived April 7, 848 Gán) y
,,,
Washington, To-day, The United States Treasury Secra tary, Mr. Henry Morgenthau, Y. London, Today, Lerday asked Congress to anket The price of tin on the London legislation to reimburse Government exchange yesterday advanced 02/6d. contractors for increased costs, In-
Fair generally, with moderate beag to £249/17/61. per ton, being the curred as the result of complying highest price recorded since Janu with the National Recovery Act east winds) was the weather fore: His
Ber-provisionsUnited Press, per 1:0. bast-leaded by the Royal ary, 1928-British Wireless
Gold Bar Co
...tory, this morning,
yloe
WEATHER FORECASTA
London, Sir Henry Walford Davis
pinted Master of
to the let Sir Edward El-
Ing postal deficits,
|-· However, he added, the Western Union did not appear to be parti cularly interested-United Press, per B.C. Gold Bar Co.,
Hop Cheong and Co. have! -Vandared for the alta for that saw Kowison? Mayta
(Bu Telegraph, Copyright, Telegra cetved April 6, 11,85 pm)
A
Tokyo, Yesterday, The Japanese Ministry of Finance has announced that starting to-day, the Japanese Government will increase the purchasing price of gold to 11.09%yer per momme, which
approximately 83.84 yen per ounce. --- United Prèsa, per 8. C. Gold Bar Co.
CLAIMS BRITISH NATIONALITY.
Insull's Last Bid To Escape US Law
Istanbul, to-day,
As a last bid for freedom, the former American utilities tong- vate, Mr. Samuel Insull, who was arrested here last Bunday for exa tradition to the United States. In exchanging telegrams with his London lawyer, in the hope of establishing a claim to British nationality and securing the Bri tish Government's interventiryn.
Reuter