RECOVERY. PLANS BLOCKED
(Continued from Page 1.)
hours and the abolition of child
labour to be enforced
FUTURE COURSE
THE HONGKONG
BRITISH FINANCE. NEW YORK STOCK
OUTLOOK
INCREASE SHOWN
IN REVENUE
.
ex-
London, May 23. Exchequer returns for the cur 'Washington, May 28. Amid the confusion of a capital rent financial year up to May 25 figuratively atrewn with the wreck-show that the total revenue,
self-balancing items, cluding age of the New Deal's No. 1 Ex- amounts to £87,158,829, ns com periment, the Administration hos abandoned all attempts to enforce pared with £81,734,575 at the
corresponding date last year. the N.R.A. but, has appealed to
to business to observe Its rules volun- tarily. It has followed this up with a series of conference to chart
its future course.
While there is not the slightest hint as to what President Roose- velt intends to do, the impression prevails that he is determined to re-establish in a legal manner the principles of collective bargaining, minimum wages, and maximum work hours, as well as the abolition of child labour, with a view at least of preserving N.R.A.'s brondest objective.
Observers are speculating on the possibility of President Roosevelt addressing the country soon by radio, but the question na to what industry will do is naturally upper- most. Industrial leaders generally agree that the N.R.A. decision will have many stimulating and few ad. | verse effects on business in the
future.
VARYING VIEWS
In some industries, notably the automobile industry and in retail trade, the initial reaction Indleates clearly that the decision is welcome In a few, notably the textile, coal and fertiliser industries, where elaborate provisions of Code control have been built up, there appears a fear of a resumption of price-cut- ting and wage-alashing, with re- sulting unsettlement in prices.
Expenditure, owing mainly Increased coat of supply services, has been heavier than the COF- responding period of last year, The relative totals of expenditure, excluding self-balancing items, เพื่อ £105,280,261, HA against £98,771,040-British Wireless.
SWEDISH RIKSDAG
RECORD
BRITISH PREMIER'S
CONGRATULATIONS
London, May 28. In connection with the 600th
of the anniversary
Swedish Riksdag, the Prime Minister, Mr. Kamsay MacDonald, has sent the following telegram to the Swedish Prime Minister: "It gives mú great pleasure to convey to you, in the name of His Majesty's Gov- ernment of the United Kingdom, nur very hearty congratulations to the Swedish Parliament, which for
GOO
years has rendered
such
valuable service to the cause of constitutional liberty. British
Wirclesa.
RACE AGAINST TIME
DASH FROM 'PLANE TO PRES. TAFT
The general feeling in most felds seems to be that the elimination of N.R.A. restrictions will make but slight difference, and the industries can return to the pre-Code basis with little diealty. However, no hurried abandonment of prevailing
Flying bout, car, and liner trans- practices is anticipated. Leaders port followed in quick succession of Individual industries are gener- for the two members of the Ameri- ally loath to make any statement can Economic Mission who arrived formally, but, as far as it is avail-in Hongkong last night. able, a cross-section of opinion is as follows:
concerned. They ad-
EXCHANGE
MARKET BULLISH
YESTERDAY
New York, May 28. The following reports on the New York Stock market have been received through Messrs. Swan, Culbertson & Fritz:
TELEGRAPH. WEDNESDAY, MAY 29, 1935.
The Wall Street Journal report on yesterday's market: Stocks to-day opened bullish and were sharply up. ward, led by utility shares. Later, prices declined on short covering on a regarding the N.R.A. and the bellef 4 reappraiament of the Court's decision
established. Shorts hammered cop that severe competition will be re- į per, tobacco, alcohol and silver insues, Stocks on the Curb Exchange were sharply downward, with the exception of uillity inues which were Brit. Bonds were actively lower, led by retiroad lasues. Foreign bonds were firm, except French securities which
were downward.
F.
LONDON STOCK
EXCHANGE
LATEST SHARE
QUOTATIONS
on
RADIO BROADCAST
From the Studio
The following_quotations the Vocal and Pianoforte Recital London Stock Exchange have been and Fritz in conjuncilon with Renter. received by Messrs. Swan, Culbertson
May 27. May 28. British Government Securities War Loan
redm. after 1962 £105 £105
Chinese Bonda ́,
4%% Donda 1898
(Eng. 188)
5%
bc Bonda 1026-17 £90
S'hai-Nanking
6
Rly. 5% Tient.-Pukow Tient.-Pakow Rly... £31
5
C. & New York office cables: With the exception of a rally and sub-6 erquent irregularity, Traders were confused. Kroger sales were up ↑ per cent. for the month eating May
28.
New York and Chicago commodity
received reports
through Messrs. Swan, Culbertson and Fritz:
Cotton: There was Fame heavy October trade buying of July ani cotton. Outside interests were quiet, waiting the completion of selling, which was largely on foreign account.
The Journal of Commerce rays that there are many stimulating factors, but few adverse effects in connetion with the Court's decision regarding The publication believes that the decision la constructive and the NRA. conductive to business confidence. No decision by the Agricultural Ad- justment Administration is probable Allied Iron Found- Associated Elec. Whent: The worket WHOL
Industries
until the Autumn.
more
two-sided, but the tendency appears
to he gradually, lower.
Corn; We would sprend sales of December corn and purchase Decem- her rye nt 7 cts, and under, which uppents to be attractive,
I'M
Austin Motors
ali.
EUROPEAN PROGRAMME
From Z.D.W. on a wavelength of 355 metres (845 kilocycles):
4-7 p.m. Chiness Programme.
7-7.80 p.g. Orchestral Musle.
Preludes--Symphonie
(Liszt).
Poem
Night on the Bare Mountain (Mous-
Borgsky).
Hansol and Gretel (lumperdinck). La Valso (Ravel),
by
7.30-7.43 p.m. Four Songa Stuart Robertson (Baritone). 1. My- self when young (Lehmann); 2. Silent Moon (Vaughan Williams); 3. Bright is the
ring
of words (Vaughan Williams): 4. The Roadside Fire (Vaughan Williams),
7.43-8 p.ra. Light Opera. Solection-Tho Beggar's Opera (Gay), Vocal Gema-Maid of the Mountains
(Fraser-Simson).
8 p.m. Time and Weather Report. H.039 p.m. Varioty. Piano Solo-Stars fell in Alabama.
Carroll Gibbons. Vocal-Feminino Fancies.
The Carlylo Cousins. Song-You and the night and Music. Leslie Hutchinson. Piano Solos-A Cavalende of Martial
Tunes. Piano Solus-Sweetment Joe the
Candy Man1.
Patriein Rossborough. Vocal-low am I Doin' Hey, Hey, Vocal Heard.
The Mills Brother. Violin Solo-Grinzing,
Albert Sandier. Song Just by your example. Song-Dancing on the Ceiling,
Jessie Matthews (Soprano), Vocal-Dan Dan the Yodelling Man.
| Vocal-Sitting in a Jail House.
Harry Torrani (Yodler). Organ Solos-Musical Comedy Medley. Bydney Gustard. Instrumentai-Shine;
Sweetle My went away; Sweet Jenny Lec. Band-The Man 05 tho Flying
1024
Loan 1908. £ 8
Loan 1012...
80%
98% 102
£80
LCB
Reorg Long
1913 (Lin. Ins.) £ 97%
£ 97%
£951%
£86
£ 8616
£ 31
Railway (Supt.
S'hai-Il'chow-
Loan). £ 27
£ 27
Ningpo Hly
£102
£102
55%
Hukuang Itly.
Hunan Kly. · 2 30
£30
1011
£ 484
£ 184
GC
Lung Ting U. Hal Rly. 1013. £18
Foreign Bonds and Blanks German 7 Int, Lonn 1924 **
I 63 £ 63 Japan 6 Sterling
Lonn 1907 £ 8331 # 83% Japan Sterling I.K. & Sani Bk.
Loan 1824.... £ G £ 00
(Lan. Regd.) £129 1234; Chartered Bank P5
wh.
£ 11% £ 14%
Commercial and Industrial
£18
2/3 18/3
43/6 13/6
28/414 28/0
62/3 48/8
125/7*
125/71%
97/6
11/3
17/2
17/6
56/6
56/7/
93/6
04/-
43/7
43/3
28/9
20/9
50/-
May 27. May 28.
30/3 30/- 15/15 35/14
8/71% 8/7 138/14 138/1
110.74 110.76 32.00 31.44
19.32
105.43
DR.28
no par val $ 20% Italia Royce i 19.56
161/3
$ 29%
152/8
58.410
$7.70
S'hai Elec. Constr."
48/...
Tate & Lyle....
83/7! 13/0
Turner & Newal
50/6 BO/-
United Steel
2293/
29/1
Vickers ord.
13/3.
13/46
Watney, Combe &
Reid def. ord.. Woolworths .....
72/-
72/3
111/~
113/9
Miscellaneous
Anglo-Dutch
23/5
Rubber
23/9
23/9 23/0
Pekin Synd. 2-
ord: sh.
1/9
|
Bubber Trusts
31/9
170 31/6
Mines
873
10/116
13/- 10/0
03/0
53/G
7/-
7-
-45/-
40/-
273/0
272/6
113/9
108/9
Oils
01/10% 02/6 79/4-70/1
tubbers Selling to-day was large ly speculative, Conatinera ure show- ing some interest, but they are await- ing the monetary outcome in France. Sugar: There was confidential sale of a curge of Porto Rienri sugar (out of the 1938 quota at 820 cents. We would accept profits on modernte rallies,
$1
REUTER QUOTATIONS
STEEL INDUSTRY Althought lending steel men have been strongly in favour of continuing the NRA., they do not appear to be unusually disturbed by the decision. Privately, several insisted that the decision would The preliminary booking had to | PEIHO CONSERVANCY not upset
the situation to any be done by telephone as no book- extent as far as the large comings could be accepted after 6 p.m. panies are
Mr. Bixby and Dr. Jones arrived mitted there might be some price on board only 20 minutes before QUESTION ASKED IN COM- shading among, the smaller pro-the boat was due to call. It was MONS ABOUT SILTING ducers, as consumers would again expected that the two members shop around for the heat quota- of the Economic Mission would
London, May 28. tions.
arrive to-day in an attempt to join In the House of Commons Mr. However, it is confidently felt the President Taft which is Lunn (Labour, Rothwell) asked that there will not be any resump already carrying Mr. T. Y. Wick whether any representations had tion of large-scale price slashing.liam, another member of the Mis-been made through the Chinese Some consumers, unless urgently sion: it was not expected, however, Government to the North China needing tonnages, might
that there would be such a race ceivably keep from the market against time as actually occurred. pro tem, until the effects of the
The lying boat, immediately decision are clarified.
after landing its passengers, act out for Canton in an attempt to
Captain Eden replied that the reach there before nightfall. It had flown from Shanghai almost reason was that the scheme for the prevention of silt reaching on schedule despite the extremely bad weather conditions which pre-Tientsin had proved Ineffective, valled until only about half an hour and representations had been made in this connection to both the Contral and the local Chinese authorities. Sir Alexander Cado- gan and the Consul General were in close touch with the situation:
Reuter.
Landing at 6 p.m. at Kai-tak
Dow-Jones Averages: aerodrome in the latter's Douglas flying boat Dr. Lonls C. Jones and 30 Industrinis Mr. Harold Bixby, having down 20 Ruits from Shanghai, were hustled into 20 Utilities a taxi and run
to the Kowloon 40 Bonds
11 Commodity Intex wharf where they had to book a passage on the President Taft, leaving at 6 p.m. for Manila.
OIL INDUSTRY
con.
The three members of the Mis- sion will spend a short time in Manila before going to Shanghai where they will join the other members and probably leave for Amerien on June 18.
The major oil company execu- tives are of the opinion that the Petrol Code is for all practical purposes dead, but that with the existing tight State law, the before it landed. Inter-State oil compact, which awaits only Congressional ap- proval, together with the Copnal- ly law, are perfectly suflicient to preserve the Industry's stability. On the other hand, part of the Thomas Ol Bill at present pend- ing in Congress, which would extend Federal regulation of pro- duction, is considered probably likewise outlawed by the Court's decision.
one of dis-
LIFE IMPRISONMENT
River Commission that Tientsin was practically closed to ocean going ships, which were compelled to unload at Tangku at henvy cost to British shippers.
EXCHANGE RATES
Faris..
COTTON TEXTILE INDUSTRY
The first reaction in the cotton textile industry was appointment, with fears of the G. B. Park, has commuted possibility of a disastrous out-death sentence on Walter McGee Amsterdam. break of price-cutting, but this for kidnapping to one of life im- Vienna.. feeling is not general. Some, risonment. notably those previously resenting
Prague.. The victim, Miss Mary McElroy, Bucharest. N.R.A. control, express the opinion recently appealed for mercy. Madrid. that it will be beneficial in the United Press.
Lisbon. long run.
Mary McElroy, 26, daughter of Ilongkong. Leaders of the cotton textile Henry F. McElroy. City Manager Brussels.. Industry will shortly meet with of Kansas City, was kidnapped Buhay. view to determining the full effect early in 1933 and ransomed for Montevideo.. of the decision and to prepare 4U.S. $30,000. This was one of the Belgrade.. new plan to be submitted to the frat kidnappings after the Intro- Montreal.. industry.
duction of the death penalty for Helsingfors... this crime.
SENTENCE ON KIDNAPPER COMMUTED
tier.eva.. Berlin.. Jefferson City, Mo., May 28.
Athens.. The Governor of Missouri, Mr. Milan..
the Shanghai.
CANTON MORE FAR
ARMOURED CARS IN STREET BATTLE IN OHIO CITY
་
May 27. May 28. .73.7/32 16.30%
991 13.27%
.75.15/04 ..15,33 .12.30
$20 004
1/8.6/16
Boots 5/-sh. British-American Tobacco.. Chinese Eng. and Caundian Celanese
Min, (Bearer) Courtaulds Distillers Dunlop Rubber.. Electrle Musical
industrica General Electric
(England)... 50/- Hawker Aircraft Impl. Chem Ind. Irad, Chem Ind. bef. 19/ ... Impi. Tobacco... Internat. Nickel
Burma Corpus, Rs.
10 Commonwealth
Mining Randfontein
Estates Spanrwater Gold
Mining Spring Mines Sub-Nigel Rhukana Corpn..
Anglo-Perslas Barma Oll Shell Trans and Trad. (Bearer)
71/10 71/3
U.S. COMMODITY
PRICES
LATEST CABLED
QUOTATIONS
The following quotations
on the
New York commodity exchange are
Issued by Reuter:
New York Cotton
May 27. May 28.
110 January (1938) 11.78
36.9/32 May
110%
..
New York.
.022 .CO% .1/8.5/16
7.7234
4.04% July
11.07 11.85/86
7.314 October
11.70.
11.55/50
.254 .119
ASTA
264 December
11.71
11.GO/GO
11.02/02
487 March
11.79
11.05/65
11,82
11.67/67
110% .2/5/%
Spot
12.30
12.20
Now York Rabber
12.77
12.834
12.96
13.18
13.28
13.43
12.60/50 12.82/80 12.02/02 13.08a
"
Chicago Wheat
33.11/16 May 33.15/16 July 106.0/13
KOK
8734
87
BO 87'4
optember
AB
December
28% DON 00%
Chicago Corn
Yukahama-
2/54 20.97%
29.0914 .1/0.5/32 1y6,5/32 May July 3914 September 219 December 4.94% January 926 March
1/2.3/33-172.3/32-
218
.-1.91% 22641 RIO....
.41⁄4 Buenos Aires. .15 Silver (Spot)....33.15/16 Silver (forward), 34.3/16 War Loan...... 1054.
-British Wireless,
WATER LEVELS
AUTO INDUSTRY The automobile industry, which has suffered impaired profits owing to the sharp increases In labour and material costs under N.R.A., will probably derive some gnine from the decision, which,| moreover, will not be offset by the loss of any competitivo ad-
Canton, Ohio, May 28. vantages, as the Auto Coda does not contain
Fourteen are in hospital with any trade practice
bullet wounds and fractures and nor price control provisions.
A continuation substantially of concussions from blows, after a the present course in regard to miniature battle arising out of wages, work hours and working the strike at the 'works of the conditions is expected in all Berger Manufacturing Company. major industries. The copper in- An armoured car full of un-West, North and East Rivera ( dustry will most likely agree to identified mon, armed with re- continue the most important parts volvera and anwed-off shotguns,
FOR WEST, NORTH AND EAST RIVERS
134. Total sales:-002 lots
10
Trapeze.
9-9.30 p.m. From the Studio. "Half an Hour" of English Music. Singer: Mrs. J. Anderson Miller. At the Piano: Lt. Col. C. H. Kuline, b.8.0.
Programme
1. Plano Solos:-Five short pieces for old Keyed Instruments Gibbons. (4) Fantasia; (b) Galliard; (e)
by
Orlando
A Fancy; (d) Durotto; (e)
A Toy
2. Songs:Hark! the Echoing Air,
LOUNGING SUITS with Cossack Collars 、、、、、、 from $8.50 SLEEPING SUITS long or short styles from $4.50, $7.50 LOUNGING ROBES of art slik and
cashmere from $17.50
LEATHER SLIPPERS
in all sizes and colours from $7.50
for your hours of ease
A
ALL
LESS
25%
DISCOUNT
until next
SATURDAY
MACKINTOSH'S LTD.
Men's Wear Specialists.
CHEVROLET KNEE-ACTION
retained by popular request
includes 3 great
IMPROVEMENTS
1. The gliding ride-no bumps, jar or bounce.
2. Shockless steering-arnazing new ease in car
control at all speeds.
The Knotting Song, I attempt 3. Much greater driving safety-in emergency
from lovo's sickness, to fly (Purcell)..
3. Plano Solos:-A deep sea cave,
(William
Baines); Mazurka and Waltz for a little girl, (Delius): Sir Nicholas' Caper, (Robin Milford).
love my God,
4.); Goddess of Night,
(Herbert Howells); Song of the Palanguin Bearers, (Mar. tin Shaw).
5. Piano Solo: "Nimrod" No. 9 of
tho
Variations,
(Elgaria" p.m.
0.30-9.30
Rosenkavalier
Waltzes" (Strauss) played by Brune Walter conducting
harmonic Orchestra.
and at other times.
the Berlin Phil-
A
Your present car.
9.40410 pm. From the Studio. Violin Recital by O.Y. Lyon, accom
Professor E. Gualdi. panied by
Sonata No. 18 in F Major, (Mozart).
10 p.m. Press Bulletins.
10.05-11 p.m. The Hongkong Hotel Dance Orchestra.
10.30 p.m. Press News.
11 pm. Cloeo Down.
Well Again!
Thanks to
Baby's Own Tablets.
When your little one is down with 1248/50ummy trouble, feverishness, or-a-
cold, has teething pains, or is restless, and generally out-of-sorts, just give him a dose of Baby's Own Tablets, and almost surely you will And him bright, cheerful and well again in a remarkably short space of time.
Originated by a doctor as the result 88% of many years study of children's 004 ailments, Baby's Own Tablets have
Monday's sales:-18,310,000 bushels i proved the ideal health corrective for
May
July
September December...
8374 8374 83 78 784 781 1 714 71% 61% 61%
Monday's alca: 12,411,000 bushola Winnipeg Wheat-
May
infants and young children. With gentle laxative action they cleanse the little one's stomach and set diges- tion right, thereby soothing the nerves and relieving teething pain. Easy to 01 administer, for children like them on cebunt of their pleasant taste, Baby's Own Tablets are unsurpassed for the 83% 63 83% speedy correction of the common all- 8476 F43%
ments of young children, such as-con- New York Slik
stipation, indigestion, wind', vomiting, 1.384 1.36 1.37
colic, croup, colds, sleeplessness, to 1.35 dispel worms and relieve the pains of 1,37% 1,36 1.8614 1.30
teething. 1,35
The River Conservancy Commision for July Kwanatung Provines laues the follow!tar res port on water levels, in English fest, for the
July September December
Total' sales:-120 lots
Place
of Observation
of the Copper Code, principally suddenly appeared from inside went liver the curtail- the works. They swept the by- at Shluking those dealing with mont of production and stabilisa-standers with a ball of bullets North River tlan of the market. Most pro- and a hand-to-hand fight ensued. Worth River
“The "armoured"""""car's crow Shahut- ultimately escapod.--Reuter,
at.Sheklung
ducora agres that the Code has been beheßcial-Reuter.
| East River
84%
Hlabest Lowest
on
W. L. W. X
recond
vn
record
May May 27 28
$41.0
ด
22.1 21.0
Montreal Silver
May
75.60
73.60
4-26.0
14.7.13.2
July ......
70.36
78.85
+27.6
15.8 24.4
September.
78.50
74.10
Own Tablets,
December
79.00
76.10
+18.6
-2,1
8.6 7.9
Total les-01 contracts
Guaranteed to contain nothing in
even to way injurious Any
tho youngest or most delicate' infant, mothers may safely rely on
Baby's “They are sold-by chemists everywhere.",
Chevrolet is
the only low- price car with KNEE-ACTION
1935 Chevrolet
ONE RIDE IS WORTH A 1000 WORDS.
LET US PUT A CAR AT YOUR DISPOSAL..
For test drives phone or call at
FAR EAST MOTORS
Distributors of CHEVROLET CARS & TRUCKS
CHEVROLET
26, Nathan Road, Kowloon.
Telephone 59101.
JACKIMOTES
SMOKE GETS IN
YOUR EYES"
B. B. C. DANCE ORCHESTRA
NO. C.B. 804
MAGIC NOTES
LEW STONE AND HIS ORCHESTRA
NO. M.R. 1503
THE ANDERSON MUSIC CO.,
LIMITED
SUNG NOTE Ice House Street
Tel. 21322
SAAGIS NOTES