1887 GOLDEN JUBILEE YEAR 1937
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HEAD
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Canton me. Taiping Rd.. Tl. 15972
R. K. Untelor, District Manager. Swatow Veneral Agrade: Masura, l'arr
Ramary&on, Lid. “
Special Representatite: C, B. W. Themson. Macau: V. 3. Noronha, Azent,
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THE MANUFACTURERS LIFE INSURANCE CO.
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AGE INearest Birthday).. ADDRES
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COLOURFUL AUTUMN
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IN
A SUPPER BALL
WILL BE HELD IN THE
CECIL HOTEL
On FRIDAY, OCTOBER 29th, 1937.
FOR THE
AID OF ST. DUNSTON INSTITUTION BLINDED EX BAILORS, SOLDIERS, AND AIRMEN. TONI DESMOND DANCE BAND WILL BE IN ATTENDANCE. DANCING from 8.30 P.M. to 1 A.M.
TICKETS GEN1-81.50. LADIES-0.70) conts. Including Refreshments.
DRESS OPTIONAL. TICKETS OBTAINABLE AT THE DOOR.
HONG KONG DAILY PRESS, THURSDAY, OCTOBER 21, 1937.
WALL STREET SLUMP
President Refuses To Talk About Situation
Hyde Park. N.Y., Oct, 19. 'President Roosevelt said he had
no intention of exercising his au- thority to close the New York Stock Exchange, according to off- cial sources at the President's headquarters here.
At the press conference to-day President Roosevelt refused to dis-
Nervous selling was rife in the early
feverish operations. with prices generally anything to G$10. down.
Subsequently the fall was halted with a number of influential in- vestment trusts turning to the
buying side.
At mid-day the market was ex-
cuss the present Wall Streettremely erratic. but above the
worst. with
trend moving slump
chiefly upward.- Rende
The turn-over at to-day's ses- sion of the Stock Exchange total- #led 7,290,000 shares.
Router
CRASH IN CANADA
Toronto, Oct. 19. The crash of the Canadian stock markets, together with those of the United States. is viewed here as being unaccountable.
"Nothing in the trend of busi- ness warranted such a marked depreciation in values." says the Toronto Star.- Reuter.
NERVOUS SELLING
New York, Oct 19.
Wall plunge On Yesterday's Street WILS followed at to-day's opening by an instant renewal,of the severe downward movement. with operations in the Arst hour totalling 2.250.000 shares.
ROYALTY ON TOUR
Visits To All Parts Of Country
London, Oct. 19. The Duke and Duchess of Gloucester who are touring the West Country were given a warm welcome at Plymouth to-day. They drove across the moor to Tavistock from where they are visiting the Duchy of Cornwall's estate. Recep- tions are being arranged along the route of their tour.
The Duke and Duchess of Kent are" visiting South Wales and to- day the Duke laid the foundation stone of the extension of Trinity College, Cardiff. He later went to Swansea where he was installed Chancellor of the University of Wales and received the Freedom of the City.
their
The King and Queen who are visiting Yorkshire had luncheon with the Mayor of Hull where they arrived this morning by train. In the afternoon they proceeded to York where they were met by Earl Harewood and the Princess Royal with whom their Majesties are staving during
tour of Yorkshire.
Princesses Elizabeth and Mar- have returned to garet Rose, London from their Scottish hell- day. They had been staying with their grandparents after the re- turn of the King and Queen to London from Balmoral Reuter.
"UNILATERAL
the
HEAVY BUYING
Later.
In the early afternoon. Inf en- tial heavy buying. largely by in- vestment trusts. stemmed the slump, the market rallying brisk- which ly from the day's lows,
with Anished
gains up to six points. and losses up to five
points.
were reminis- To-day's scenes
Hol- cent of the panic, in 1929. low-eyed clerks worked all night getting out. calls for additional margin, and the wildest confusion followed the opening of the Ex- change, brokers rushing to execute the flood of orders which were pouring in from all parts of the Tickers were so behind- country.
were hand that the authorities forced to put out their stock prices on the bond tape.- Reuter.
GERMAN AIR VISITORS
Mildenhall 'Drome Inspected
London, Oct. 19.
MEETING OPENS IN LONDON
Non-Intervention Discussed
The
of the Sub-Committee
London, Oct. 19. The party of German Air Force
fateful meeting officers. led by General Milch. Non-Intervention German State Secretary for Ait, to discuss the French proposals and Lieutenant General Stumpf, with regard to the withdrawal of Chief of the German Air Staff. Volunteers from Spain began at to-day paid a visit to Mildenhall the Foreign Office at 4 o'clock to- Aerodrome where they viewed the day, under the presidency of Mr.
Eden. British At the Station as well as a representative Secretary, who had a short pre- air craft of each of the Squadrons liminary talk with M. Charles Ambassador to participating in the subsequent Corbin. French fly past which arc among the London. most, modern in use in the Royal Air Force.
aircraft
accommodated
Previous to the fly past a fake crash was set on fire and a realls- Lie rescue by the asbestos sulted Are tender. crew and ambulance men was staged. The party pro- ceeded this afternoon in the Air Council's aeroplane to Cranwell where they inspected the Royal Air Force College.- British Warelzia
DUKE PLEADS FOR PRIVACY
Berlin. Oct. 19. His Royal Highness the Duke of Windsor issued a statement about his proposed visit to the United States and said that the visit will be of a purely private nature and an unofficial affair.
Anthony
Foreign
Dr. Woermann, German Minis- ter in London, represented Ger- muny in the absence of Herr 'Joa-" chim von Ribbentrop, who was in Germany consulting Herr Hitler.
Another deadlock was reached, both the Italian and German dele- gates stating they preferred to discuss the original British plan for the evacuation of volunteers which was before the committee last July, while the Soviet delegate of that recognition insisted belligerent rights should not be granted until all volunteers had been withdrawn from Spain.
I
He added that the Duchess and view.
NO PROGRESS
Mr. Eden, stating that no pro- gress appeared to be in sight, ad- journed the meeting until 5.30 to- morrow. In the meantime he ex- pressed the hope that" "progress could be made towards bridging the gulf between the two points of
Czechoslovakia, Belglum and Bweden supported the French pro- posals, while the Portuguese re- The Royal couple attended a banquet yesterday given in their presentative indicated that his honour in Dresden by the Governor Government was prepared to pa- of Saxony. To-day they visited trol its own land frontier provid- the porcelain factory "in Meissened the French Government was after which they proceeded to prepared to restore control in the Nuremberg.-
Pyrences. Reuter.
subject of any publicity.
PRESIDENT MAY himself did not wish to be the
MAKE MISTAKE
Governor Landon's Warning
New York, Oct. 19. "We are faced with a situation where the President may make a mistake that would indeed be tragic. and might lead to war,”. declared Governor Alfred Landon, former presidential candidate, in a speech broadcast to the United states to-day.
Vi
Criticising President Roosevelt's recent declaration
Chicago.
PRES. ROOSEVELT'S
STATEMENT
'
Answer To Senator Johnson
New York, Oct. 19. President Roosevelt made 痣 statement to the effect that Amer Governor Landon said the Presi- dent's Lupulsive "quarter-backing" rica will enter the Nine-Fower and readiness to assume the Conference without commitments responsibility of a one-man Gov-on the part of this Government to erament in international affairs, any other Governments."
was far more dangerous than the same tendencies in dealing with domestic affairs.
Hightly they might ask how far Presidenent Roosevelt intended to go. President Roosevelt spoke of quarantines, which meant either economic sanction or a blockade.
Their experience with Italy had proved the ineffectiveness of aanc-
tions and that a blockade meant war. By the time the special ses- sion of Congress was convened it was to be hoped the President would have thought out what he proposed to do. Close observers had increasing doubts whether
President Roosevelt had thought his recent declaration through to a logical cuticiusion) ---- Reuter
NON-INTERVENTION" | by German students could study at Oxford University. The donor has also instituted three annual London, Oct. 19.
prizes in Britain. Holland and Mr. A. P. Herbert disclosed at a dinner last night
the Scandinavian countries for con- that King's Proctor himself greatly solcuous study in arts- desired that his Matrimonial Reyter.. Causes Act should pass Parliament and gave unfalling assistance to this end.
2
Sir John Simon, speaking at the dinner, said that this had been a great performance by Parliament and that Mr. Herbert had done a good thing for humanity:
'he
Mr. Herbert raised a laugh when described the Government's attitude towards the Act as "unila- teral non-intervention."- Reuter..
SCHOLARSHIPS IN GERMANY
By Anonymous Donor
Hamburg. Oct. 19. An anonymous donor has created a fund for a number of scholar- ships whereby British university students could study in German, universities' tor one year. The at. three scholarships, valued thousand reichsmark each, are open
to undergraduates of all universities in the British Empire but with special preference to the students of the universities in Bri- tain.
The drnor stated that the cre- tion of the scholarships Wee grateful expression of appreciation of the Rhodes Scholarships where-
a
The statement was issued after a long conference with Mr. Nor- man Davis and it is regarded as
an
The Soviet Government, through M. Malsky. declared that the French plan amounted to the con- tinuation of the policy of "so-call- ed non-intervention," but if the British, French and other govern- ment considered it necessary to continue with this policy, and still entertained some belief in the possibility of its success, the Soviet Government did not intend to create any difficulties in regard to such a policy, but declined any responsibility for it."
Reuter.
The President declared that the purpose of the Conference would answer to Senator Johnson he to see, by agreement, a solution who, speaking at San Francisco to the present crisis is China. He earlier in the day said that Mr. added that "in our efforts to ind Davis would not be going to Bras- that solution it is our purpose to sela unless an advance programme co-operate with other signatories had been agreed upon between to the Treaty, including China
and Great Britain
the United and Japan." States.
Reuter.
PRESIDENT ROOSEVELT'S FOREIGN
ויי
POLICY ATTACKED
Washington, Oct. 15.
Mr. Norman Davis, was not going
to An attack on President Roo- Brussels unless he had in sevelt's foreign policy was made advance the programme agreed to-day by Senator Johnson, leader upon by Britain and the United of the folationists. He wanted to States. If he follows his own bent know what the President meant he will be returning to this comi- by quarantine" which he
try with the cheering news that tioned in his speech at Chicago England expects every American and asked why the Neutrality Act to do his duty. had not yet been enforced regard- ing the Far Eastern conflict. ・・
Senator Johnson declared that
men-
Senator Johnson recalled the Manchukuo crisis in 1931 when he Interred that the United States
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was badly let down by the then British, Foreign Secretary which he described as a humillating ex- perience.
The Senator added that the "detestation and indignation with, which we view the action of the Japanese is well-nigh irresistable. but our sympathies with China is a far cry from embarking into armed resistance-war."-
Beuter.
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