11
"MANCHUKUO'S" STOCKS
DECLINE
Over Fifty Per Cent Show Decrease
(By Our Own Correspondent)
Shanghal. Feb. 6.
The stocks of "Manchukuo" in- dustrial enterprises, or at least a vast majority of them, are re- ported to have declined--62 per cent, of the main industrial stocks show a decline in the Tokyo Stock, Exchange. This fact may not seem very important in a world full of unemployment, look-outs, strikes and starvation, but it must be re membered, that conditions in the puppet "State" are rather unique In many respects, while the pre- sent trend of the stock market is
causing alarm in financial circles
Interested in the flow of capital into "Manchukuo," which has been an outstanding feature of the past year.
"11
No one seems to know for sure why these stocks are declining and how far they are going to sink in this downward movement, and some have even been unkind enough to suggest that the leading "Manchukuo" economists have no thing but the haziest idea. No one will contradict, however, that this presages. hard times for the in- habitants. According to Renge, "With the exception of a few com- panics engaged in the production of war materials, the stocks of 15 cut of 24 main industrial enter- prises declined on the Tokyo Stock Exchange. Large declines, in cases amounting to 40
per cent were shown by cement companies, textile manufacturing concerns,
1
CANTON NEWS
ITEMS
(From Our Special Correspondent)
Canton, Feb. 8.
HONG KONG DAILY PRESS TUESDAY, FEBRUARY 12, 1935.
LUNAR YEAR IN SHANGHAI
་་ ་ན་ ་་
Still Grounds For Celebration
[Special to the "Hong Kong Dalis Press" (Copyright).J
Shanghai, Feb. 4.
beer producers and leather firms.
To many the Lunar New Year The Oriental Development Com- may be dead, but to the vast mis- pany, a semi-official investmen: jority, rich and poor, it is stil concern, declined to Y.22.80 at the uppermost as an event for cele- end of December, with fluctuation brating on as large and loud a from Y.30.90 high in April to Y.19.90
scale as possible. The whole elty. low in November. Par 19 Y.50, this morning was the scene of Fire-crackers It is hardly possible that the gen- noisy celebrations. eral world depression should be popped incessantly.
Joss money obscure alleyways. solely responsible for this, down-flared in ward trend. From the purely com- the native city, many went monsense standpoint, however, one the city god in the temple and cannot help finding many interest- left slowly through the. packed ing sidelights on the situation. As crowds. Beggars in every street early as September last. Dr. Ben cried out for coppers and perched Dorfman, writing on "Two Years themselves in of the Manchukuo Regime" in The Foreign Police Reports, New
York, had this to say:
"Certain of the railroads and in- dustries, for example, primarily serve strategic rather than econo- mic ends. It is doubtful that all ot these can function except at
to
spots where they were almost trod upon. From all sides bobbling figures would press around for their share, and it was it was impossible to satisfy all of them
Chinese native banks have kept their bank doors open last night for their creditors until the early
issue
a loss. The number of economical-morning hours." The three lead- ly unsound. enterprises which ing Chinese banks, following, an Jepan can compel Manchukuo to emergency conference support is definitely limited. This day morning. agreed to
on Satur-
18 especially
the case now that loans to enable lesser financial Manchukuo has lost-probably houses in Shanghai to tide over permanently-a large share of its the final settlement day. Without proftable export market for soya this mutual help from the Cen- beans. Therefore, if Japan goes
tral Bank of China as well as beyond certain limits in shaping the others, many of the the small- Manchukuo's economy along in-
er banks would have had to herently unsound lines, Manchu dose with little prospect of re- kuo will remain a permanent opening this year. With the ex- burden on Japan. Precisely what ception of foreign banks in "the limits are it is difficult to as-Shanghat the Sunday schedule certain at present. Possibly Japan was
not observed by has already exceeded them."
banks.."
NEW SUGAR FACTORY
Established In Kwangsi
·
Chinese
Officially the Lunar Year and its celebration has been banned for many years by the National Government. But the occasion is stil celebrated, under the name: of "Spring Festival" or "Repair- ing Stoves" by stores and result- rants, An army of office-workers in the local government Party officers as well as the Chinese Maritime Customs and the Chinese Post Office, however, have to make their reluctant way to office this moning...
CROSSWORD PUZZLE
:18-
Note:-Figures. In parentheses indiente number of letters in the words required.
Across
1.
1. This is unwilling to comply,
and (12). 7-may become aggressive (7). 9.The call. and the young lion, and the--together" (Isaiah) (7),
11-These listeners want to hear all they can without being taxed (13).
13-A thrashing implement which you'll find "at once in a list" (anagram) (13).
||
18-What bare trees can't bear in
19The man forced to go away is
the winter (7).
Is under no order to begin a
TOW (5).
6. A papal bull (8), &-Its superior point makes it the deuce of a game to beat! (9). 10-It's flimsy and of light sub-
12-One of the deer family (3)... stance, and so's a germi (8).
14—A body of followers (5), 15.-The effect of broken ice in the
NE has merely a relative result (5).
15-A bell-shaped flower (5). 17. When things are brought to a
this, they stop! (5). The following is the solution of Saturday's puzzle:—
usually sent off with this,
Acro-1, Classic; 5; Besides; 9, 20-A negative of this kind is not Deplore: 15, Relleve; 17, Mongrel
bag and baggage (7).
Roe; 10, Promise; 12, Springe; 14,
deanite enough (12).
Down
19, Foumart: 23, Barn-owl: 27, Parvenu; 28, Trample; 29, Respect; 1.-China-grass which is obtained 30, Net; 31, Shelled; 32, Hayward,
..from a mire (5).
Down-1, Coper; 2, Atoll; .3,
2.-This eater is given to indolent Slide 4, Crepe; 5. Besom; 5, Siren;
enjoyment (5).
3.-Conclude (5), 4When the top comes of a cue this will make it good as new (9),
SHIPPING MOVEMENTS
The BI & Apcar Line's ss. Takada left Kobe for this Port on the 8th instant, and is due here on the 14th instant,"
4
*
7. Donor: 8, Sheol; 11, Several; 13, Profane: 16. Ism; 18, Gin; 19 Fates; 20, Ukase; 21, Appal; 22, Trend: 23, Berth: 24, Rusty: 25, Omega: 28, Luted,
from
The Blue Funnel Line steamship Agamemnon will arrive Singapore on 15th instant.
•
The Ben Line 5.8. Benmohra from Middlesbro', Antwerp, Lon- don and Straits, left Singapore for this port and
on 9th February, 1935, and is due to arrive here on. 15th February, 1935.
The
Fortune tellers are warned that they will have to change to some other profession by the end of the year. The Municipal Bureau of (From Our Special Correspondent) Social Affairs holds the "view that
"Canton, Feb. 11. fortune telling merely leads peo-
In spite of the discrediting of ple to adopt a superstitious out: Kiangsi is preparing to produce of the population still have their Following Kwangtung's example, superstitious beliefs, the majority look and recommends that fortune its own sugar and has established gods and render them customary telling should end before 1936.
themselves The Municipal Bureau of Social 000. The installation has been prosperity in future years.
a sugar reinery at a cost of $600,. homage to disure to Affairs at first decided to this profession outright, but such
bar completed, and operation will be God of Wealth, however. cannot
gin very soon.
settle their accounts, no matter a hasty measure would deprive Another project is the setting how earnestly they prayed. The the fortune tellers' means of live-up of an electric power station at purchasing power of the peasants. lihood, The Bureau now gives Pat Po. Kwangs. There is a coal for example, can only be obtain- them ample time to change the mine in that vicinity and it willed by cutting the margin of pro- profession or to send them to the supply the raw materials to the Bt of their goods over what they Work Houre if they cannot find power plant. Capable of supply consume or pay in Tent or taxes. work by that time. Fortune tellers ing 3,000 units of electric power a While education is slowly doing forecast the future by looking day, the new station will also sup-away with the superstitions the into the face, hands and body of ply electric power in connection economic depression that grows the customer or by studying the with the mining activity in that keener each year in itself, more time of his birth.
than any else, has disillusioned the ignorant.—
Another Piracy
It is reported from Swatow that ten passengers aboard the China Merchants Steam Navigation new steamer Hat Lee were put in Irons on suspicion that they were pirates, The ship left here on February 3 for Shanghai via Hong Kong and Swatow.
"
district.
The late Mr. Teng Chak Tu was much interested, in mining busi~ | China United 'Press (by 'Mash), neas in Kwangsi, and now Dr. Lo Wen Kan, former Foreign Minis-
ter, is also interested in the HEAVY DIVORCE
Kwangsi mines and will open some of them on a commercial basis.
On the other hand, the sul- phuric acid factory in Wuchow has been closed down as a result of
The suspected pirates were turned over to the Bureau of Pub- poor demand. Likewise, the Can- Uc Safety at Swatow. The local ton factories are similarly affect-
office of the China Merchants s.ed.
N. Company has received no word about this incident, though it was rumoured here for several days that a gang of pirates planned Shanghai-bound
to board
#
steamer with the object of loot- ing it near Blas Bay.
M.A IN WORORA
LISTS
Over 1,000 Cases Next Sessions
(Special Air Mail Serviens (Special Air Mall Service)
London, Jan 23. London, Jan. 23. " The names of the famous people Fame takes strange side-steps appear in the heavy divorce lista Few people have heard of the for the next session. There are Worors, tribe, or even of the 293 defended suits for hearing, and Kunmunya reserve in North-West 903 undefended petitions to be Australia where they live..
dealt with Among the undefend-
Job For Woosung Hero Lieut.-General Tang Chi Shao, former commander of. Woosung forts during the Shanghai war, will be given a military post in housing as its first him in Blooms term's llet is the nuility "petition Now that the British Museum ised cases standing over from last Kwangs in recognition of his gallant war services at Shanghaibute should be paid to Kuntunya. Greene, against Count de Boedari. bury a record of Worora life, tri- of Countess de Bosdari, otherwise The general recently accompanied This is a protected district, barred Fetitions for divorce in this list General Teal Ting Kal to Europe to intraders, occupying 240,000 include the case of Miss Binnie and America and returned to Can excessively, remote acres between Hale, the famous actress, who ton about a month ago...
The prospective appointmeni
the Glenele and the Prince Regent seeking a divorce from her hus of General Tan to a commision
Rivers
band, Mr. F. F. (Jack) Raine. has no connection with the recent cancellation of the arrest of some 210 former civilian employees of the defunct People's Revolution ary Government in Foochow All officers of the 19th Route Army were immune from arrest, and Age culture
The natives are under the care the Presbyterian Church of Australia. It has wisely not at tempted to dress them in trousers They preserve the unvarnished and unclothed simplicity of their Stone
some of them were given commis- Their superintendent is Mr. J.B alons shortly after their return. Tegemisionary who holds from Fuller
the MC and D.QM. Recently he General Tan is personally ac added the title of MA. for a thesis
veterans here, who recommend
The case of Mr. Albert Bandler, the violinist, against his wife, in which the co-respondent cited is Mr. C. Johnstone, the coloured singer, is also in the lists. Last year Mr. Bandler obtained a "decree misd" against his wife, and was awarded £2,500 damages. against Mr. Johnstone. The decree was afterwards rescinded in the Court of Appeal
are that for divorce against Mrs.
VR Gower, in which Lady Anne. Gower is the intervene
quainted with many Kuomintang he has printed a tranflation of the
on the Werors language, in which Other cases in the defended list
him to become a divisional com- Gospels. mander in Kwangs. While in Fiji | kien, be was commanding officer of the Fifth dins, whi was de Tion and Yan Ping loosted, feated by Nanking troops to Ka of Foochow
by the Hon. Lady
ter against
Bart,
and a Bula
biches
The Blue Funnel Line steamship Hector will arrive from Shanghai to-day.
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