1933-12-23 — Page 1

The dollar, on dema

at 1/5 1-8.

The

Library, Supreme Court

China Mail

BEDFORD

Ex. 1843,

THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST

MADE IN

-ENGLAND

Est. 1845.

BERNARDS' OF HARWICH;

FOR

CONSULATE SHIRTS & FYJAMAS - LILLEY & SKINNER FOOTWEAR :

· ROLLS RAZORS: WOLSEYS- KNITWEAR : MACCLESFIELD SILK. NECKTIES: MOORES, FELT HATS.

CHATER ROAD, HONG KONG

THINKING

new truck?

ASK US

ABOUT

THIS

THE HONG KONG HOTEL

GARAGE

Stubbs Road, Happy Valley.

No. 28,607 HONG KONG, SATURDAY, DECEMBER 23, 1933, PRICE $3.00 Per Month.

GREAT IMMEDIATE EFFECT ON WORLD SILVER PRICE UNLIKELY

HEIR BORN

TO JAPANESE

EMPEROR]

Nation's Prayers

Answered.

THREAT, OF DYNASTIC

CRISIS AVERTED

Tokyo, T-day. It is officially announced that a Son and Heir to His Majesty the Emperor of Japan was born at 6.39 this morning.

Her Majesty the Empress and the child are both doing well.

The official announcement was marked with great rejoicing throughout the country an the four previous children born to the

US. PRODUCTION ONLY ONE-SIXTH

Senator Pittman

Emperor Hirohito and the Em- SILVER SOARS ON

press, were girls.

i

The second daughter, Princess Sachiko, died in 1928. at the age of six months. Reuter.

Two long-drawn blasts on sirens announced that the fervent prayers of the nation for an heir to the Throne had at last been answered, thus removing the threat of a ser- lous dynastic crisis,

WALL STREET

Rapid Rise Halted By Profit-Taking.

STOCK MARKET RECOVERS

New York, To-day, Daily and nightly for the

For the first time for more than past few days tens of thou~ a week, stock prices on the New sands gathered at the shrines York market have shown a sharp and before the Imperial Palace, rally. Industrials yesterday soared bowed in silent prayer, sasking 3.37 to 98.77, while rails advanced Divine aid for the birth of an 124 to 40.37. Utilities and Bonds heir to the Throne.

were up 16 and 19 to 22.02^mma Barely had the sirens cessed 83.01 respectively. heralding the glad news bofore The commodity index rose from householders

were triumphantly (46.38 to 47.05.

putting out flags in honour of the Business increased substantially.

2,420,000 shares being traded.

great event-Reuter,

LINERS LEAVE SOUTHAMPTON

Delayed 24 Hours By Fog.

COLONY REVENUE DECLINE

EFFECT ON ORIENT

ON ORIENT September Returns. TRADE

EXPENDITURE RISES;

REVENUE FALES

The total revenue of the Colony for the month of month of Spetem- Įber amounted to $2,086,104.07 · na

September of last year.

EXPORTS MAY DECLINE compared with $2,172,107.15 for

RATHER THAN RISE

Expenditure for the same periodį jamounted to $2,602,940.24 as com- pared with $2,448,599.71 for Sep-

SILVER ADVANCE CHECKED BY tember of last year.

MARKET PROFIT-TAKING

SPECIAL TO CHINA MAIL...

Revenue for this year to Septem- ber 30 totalled $25,256,007.94 against $24,043,522.57 and expendi ture $22,644,716,38 as against $23,-

last year.

(By Telegraph, Copyright, Telegraphic. Messages: Ordinance, 1894, 240,832.88 for the same period of

Received December 25, 10.18 a.m.):

NEW YORK, TO-DAY.-D. PRESIDENT ROOSEVELT'S ACTION HAS DISTINCTLY SURPRISED WALL STREET WHICH, HOWEVER, DOUBTS ANY GREAT IMMEDIATE EFFECT ON THE WORLD SILVER PRICE IN VIEW OF THE UNITED STATES. PRODUCING ONLY ONE-SIXTH OF THE WORLD TOTAL::

India's sales, under the International Agreement, it is expect. ed, may offset any rise.

Financial experts disagree on its effect on Orient trade, The basis of the newly, prevalent theory is that cheap silver and similarly depreciated currency has really enabled the Orient to increase its exports to the Occident. Thus the rise in silver may have a deflationary effect in China and the Far East, which normally export goods and import silver.United. Press per S. C. Gold Bar Co "ACTION IS MILDLY

INFLATIONARY.

World Stabilisation Predicted.

The silver market was naturally strong, opening with an accumula- tion of buying orders and the withdrawal of selling orders.

SPECIAL TO CHINA MAIL Prices moved up rapidly, advancic Message Ordinance, 1894, Ro (Bu Telegraph. Copyright. Telegra profit-taking caused ing over two cents, when heavy ceived December 23, 10.15 u.)

■ re-action. Final trading

Washington, To-day. was more orderly.. with a disposition to awali fur The America silver states are most jubilant over the new policy. RAINY CHRISTMAS FOR BRITAINther developments.

In their market report, Measra. A mining revival employing thou E. A. Pierce and Company, through

sanda, due to the fact that the price their local correspondents, Messrs makes it profitable to work low Asia Lands, Ltd., slate:**

grade orez is anticipated.

London, To-day., Thursday's fog, which was responsible for the holding up of Channel and North Sea traffic. and which caused much inconvenience and many accidents inland, dispersed yesterday.

At Southampton the .. "Majestic" for New York, .. Hudson Bay for Australia, and B.8. Homeric for a Mediterran- can Cruise, all of which should have left on Thursday, were able to leave yesterday.

The Thames Estuary was full of traffic which had been previously unable to make.

port.

A south-westerly wind was responsible for chasing the fog away and it promises to bring a milder and possibly a wet Christmas to Britain.-British Wireless Service,

It is estimated that the ofl. ver coinage will increase the monetary stock by U. 8. $15,- 000,000 annually and will be mildly inflationary,

LOCAL DOLLAR GAINS 4.

Excess of Assets over Liabilities 468,958.85 as against $15,975,196.02 on September, 30 amounted to $15,- at the end of the previous month.

600 CHINESE COMMUNISTS KILLED IN FUKIEN

Nacking Troops Claim Capture Of Strategic Point

Nanking, Today. The Chiness Government troops strategic point in north Fukien, claim to have taken Chungan, a after an all-day battle with the Communists on December · 21.'

Six, hundred Communists are re- ported to bave been killed-Ren- ter's Pacific Service,

EUROPEAN LADY MISSING

Peninsula Hotel Resident.

FEARED SUIGIDE; LETTER

2 FOUND IN ROOM

WIDESPREAD --

INTERNATIONAL

SPYING RING

Branches In Japan And America.

RUSSIAN WOMAN HEAD OF EUROPEAN GROUP

Paris, To-day.

A sensational new development in connection with the widespread pying organisation which was re- vealed by the arrest on Wednesday of 18 foreigners by the Parit police, was announced yesterday, when it was learned that the organisation has branches in Japan and the Un- ited States as well as throughout Europe.

It is asserted that one of the arrested group/is Lydia Stahl, a Russian woman, who

was the Mrs. Dorothy Norman, a Euro- general manager of the European pean lady residing at the Pen- US. TO STABILISE insula Hotel, is reported missing

It is. further stated that by the manager, Mr. Piovanelli. since 6 p.m. yesterday.

ON GOLD?

Roosevelt Hint In Interview.

Washington, To-day.

i

The report states that a letter was left in her room, No, 421, and it) is suspected that she has committed suicide.

band.

she collected military in-

formation to sell to the various national secret ser- vices. Reuter,

The arrests made on Wednesday included two naturalised Americans

Mrs. Norman is stated to be about several Russians, while a French- of Russian origin, two Poles and 43-45 years of age and a native; of

New Zealand. She is of stout build and of French woman were de

tained. Two Russians who were and about 5 feet 8 inches in height, alleged to have beaded the system, of clear complexion, with a small nose, and let "black hair. Sherwe smartly dressed when, inst spen-yeu-1-2" terday.

"(Continued on Page 9.)

A hint that the United States is contemplating gold mahilisation was thrown out by President Roosevelt, dur ing an interview yesterday.. He declared that the silver agreement meant, that, for the at the Hotel for the

Mrs. Norman has been a resident AIR WAR BEGINS first time in the history of the months. world, that the nations had got The dollar has risen % since together on one of the two agreed yesterday, opening to-day at 1/8%.media" of, basic currency,

Sharp Rise In Silver.

In my

9/16.

The cross rate, London on New]". York, is £-G$5.11, and New York on London is $5.10.

4

Silver prices rose sharply yester- He hoped that the same mea- day, spot closing at 19, 1/16, a rise sures would be extended to "the of, while forward rose

other media of exchange" in the future. Beuter. closing at 19%.

MIXED RECEPTION BY MINERS. SILVER PURCHASES 16 to 1 Ratio

NEXT WEEK.

Wheeler Still Wants 16 To 1 Ratio.

SPECIAL TO CHINA MAIL

"For the first time, the market has reversed an apparent trend ins volume; that is, after weakness at (mid-day, a strong recovery set in, which we think is decidedly en- couraging. As a matter of opinion, Pessimista consider that Prest- steels, motors and chemicals look dent Roosevelt's proclamation cap best.

tures the nation's new supply, of silver, and therefore fear that it phe Bfessages Ordinance, 1821, De will bring a flood of foreign,silver.ceived December 23, 10.11 ́am.)

The proclamation does not fiel Jsilver definitely to gold and either closes the door to a larger use of |coinage or bullion backing if the President finds a larger use, desir-

(Continued on Page 9.)

FRENZIED NIGHT: TRADING.

Limit Rise On Seattle Exchange.

SPECIAL TO CHINA MAIL.

able.

Wanted.

New York, To-day.

Roosevelt's

zilver

past three

SIR JOHN SIMON

IN PARIS

Lunch With French Ministers.

EXCHANGE OF VIEWS ON LEAGUE OF NATIONS

'IN FUKIEN.

Bomba Dropped At Changchow.

REBEL PLANES RETREAT IN FACE OF ODDS

Hangchow, To-day. A Nanking air squadron con [sisting of ten 'planes carried out a reconnaisance over many dis- tricts in. Fukien yesterday morn. jing.

Two of them, while flying over

en his way Changchow, dropped Bevera!

London, To-day.. President

Sir John Simon policy has met with a mixed recep-through Paris to Capri for the bombs, causing only slight damage, tion in United States mining cen- Christmas holidays, took the oppor-before making off.

tunity of visiting Messieurs Chad. temps, the Premier, and Paul Bon-the Nanking air squadron met According to an official message, cour, the Foreign Minister, with

tres.

While the policy is generally ac

(Bg Telegraph, Copyright. Telegre claimed as providing more employ whom he lunched yesterday in com-with three rebel planes when cross-

Washington, To-day.

་ ་

It is Indicated that the Un- ited States Government silver. purchases will begin. next week, the Administration buy ing only silver mined after The Chairman of the United last night. States Senate Foreign Relations The purchases will be kept in the (ly Telegraph. Copyright. Telegra Committee, Senator Key Pittman,, Treasury vaults for at least four phie Messages Ordinance, 1886, Rabas predicted that the stabilisation | years. crived December 22, 10.12 p.m.) of silver money will be world-wida. Senator Wheeler declared that he Seattle, Yesterday, He expects Australia; Canada, was delighted with the new policy, The night Silver Exchange was Mexico and Peru to proclaim simi:] but would continue to fight for a yesterday awamped with buyers. [larly. Traders were unable to fill the or ders.

The price rose three conts which is the limit permitted in a single

WEEKLY TREASURY day in the State of Washington,

ISSUE,

£63,020,000 Applied For.

London, To-day.""

A total of £68,020,000 was a

U. P. per 5.0. Gold Bar Co.

Heavy Transactions In New York.

New York, To-day." Bilver prices advanced" sharply

plied for in this week's fandere for on the commodity Exchange here, £45,000,000 Treasury bil resterday

The range for March silver in

The amount allotted in bila creased from 43,70 and 48.75 cents three months was 845,000,000, the per ounce to 44.60 and 44.85 cents, while May silver rose from 44.20

average rate :¦: per

#1/2/11/46d. al compar

being

́Observers belleve that the Congressional indation dispute has been postponed and per haps avoided altogether,' en- pecially if within 'n' month to mix woska - commodities rise and agricultural discontent- zabaldes.

Some, free colange advocaten are,' [however, not satisfied.

(Continued on Page D).

BY SILVER SHIPMENT:

FROM MEXICO /

SPECIAL TO CHIMA MATIZ (By.. Telegraph, Copfright, Tali

£1/8/1035 week ago, British and 44.80 cents to 45,33 and 45/45 pkir. Besosges Ordinance, 1996..

Wireless Services,

The forthcoming marriage between

genia. July silver rose from 44.75 conis to 45,89 cents.?

Trading boomad, yesterday's Lieutenant Jamera Webley: Hope, Al- sains being 624 contracts of 25,000

jutant; tó ̈ ¡the' 1st.

Campbell

40%4

attalion," the South ounces such as compared with 182

Misa Voda similar contracts The Peak, is! Mak=

16 to 1 ratio.

..

He admitted, however, that Con- pressional interest had now been somewhat retarded.--United. Press per:8. C. Gold Bar Co.

HEALTHY OUTLOOK IN BUSINESS.

"If More Experiments

Are Stated

Ord

ment, some of the leading Utah-al-

satisfied with

ver advocates are thoroughly dis-pany with several members of the ing the Fukien border on their way

towards southern Fukien. French Government. the President's

The three rebel planes were then The French and British Minis- action. One important Mining ters had a full and friendly ex scouting over the Central Govern- company characterised the move as change of views on international ment's defence position at Ping striving for a 16 to 1 ratio, disastrous, as the leaders, have been

questions,

yuen and Yangshun, and in face of

In particular, they discussed to the overwhelming odds "beat à Senator Thomas has approved gether the prospects of agreement hasty retreat. the new polley but holds the opin in view of the resumption of the It is alleged that one of them on that it is too limited, and will Disarmament Conference and re- made a forced landing when close- hot help foreign trade much cognised the importance of mainly followed by a Nanking plane,.-- Reuter,

taining the authority of the League Central News Agency, |ef Nations-British Wireless Ser-i

LONDON STOCKS STEADY.

Buoyant Tone. On Markets.

London, To-day, London stock' marketa, clos ad in quite a buoyant, mood yesterday. British fandy gen- erally showed steadiness, Kars Anished very firm As also Internationals.

CODEX SINAITICUS.

Will Reach London On

Christmas Eveže

OLDEST BIBLE MANUSCRIPTS IN THE WORLD

London, To-day

· LIMITING RUBBER

PRODUCTION.

Encouraging Progress Of Negotiations.

London, Today,

The "Amsterdam correspondent of the Financial Times learns that the rubber restriction discussions?; in Holland appear to have now→ DIO- ossed so far that the negotiations As regards Europe are wall grade

It is expected that the Coder Home ralls and home industriali Sinaiticus," one of the oldest, 18- not vanced, d were again good markata→→British the oldest Bible manuscripts in the A fresh Important meeting Wireless Service

world, which has been bought, at be held in the Dutch East

WEATHER REPORT

£100,000 for the British

from the Boviet, Governi

eum on December 29, under the auspices:

of the Government and will

ing brought from Russla by k special tended by interested.

courier and is expected -- tori

London on Christmas

Continued on

Februsentative of Authe

rubber growers, and probably the leading Malayan rubber, planters.

tein believed that they will dis- Foertain details. now that the roposals kava assumed a more de finite shape through the negotiations in Europe Beuter,