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GENTLEMEN'S OUTETI
No. 28,626 HONG KONG, WEDNESDAY, JANUARY 1
1934. PRICE $3.00 Per Month.
by
GIGANTIC
BRITISH
STEAMER IN
DISTRESS
Leaking Badly In Engine Room.
BOUND FOR SHANGHAI WITH
CARGO OF LUMBER .
San Francisco, To-day.' Distress messages have been received from the British steamer, "Cape Cornwall, ̈* which is in the Pacific en route to Shanghai with a crew of 40 and a cargo of lumber.
The vessel is stated to be in distress and leaking badly in the engine room.
It is believed that the "Cape) Cornwall" in off the count of Japan. - Reuter.
U.S.-BRITISH FOREIGN EXCHANGE BATTLE PREDICTED
REPUBLICAN OPPOSITION RACE FOR CURRENCY 12,000 HOUSES
TO ROOSEVELT
Definite Attitude To Monetary Programme Deferred
Washington, To-day.
The Republican Senate caurus, headed by Senator McNary, has demanded an adequate hearing on President Roosevelt's
monetary legislation, bat has deferred the adoption of a definite attitude.
The Democratie majority are confident that the legislation will be easily enacted.-Reuter...
SILVER STEADY ON WALL ST.
Sharp Advance In Rail Stocks.
HEAVY TRADING IN ALL MARKETS
The ss, Cape Cornwall is a steel- screw ship of 5,021 tons gross, and was built in 1918 by Messrs. R. Dun-1 can Company, Ltd., for the Lyle Shipping Company, Ltd., of Glasgow. She was formerly named 8.8. Ver-prices was bania and s.. Trafalgar,·
Her dimensions are: length, 405.3 feet; breadth, 53 feet; depth, 27.4 fert.
AMERICAN JEW ASSAULTED
Badly Beaten By Nazi Tenant,
ASSAILANT ARRESTED
Berlin, To-day. An American Jew, Max Schlussler, was severely beat- en yesterday by one of his Nazi tenants named Friedel, who resented an order made against him to pay bis rent.
The police called on Friedel and arrested him. Schlussler was sent to hospital.
Schlussler was the victim of a previous Nazi attack on March 7, 1933. On that oc- casion, the American Consul protested to the Chief of the Secret Police, who promised to meter out severe punishment. -Reuter.
STRIKES ILLEGAL IN GERMANY.
Wide Powers Decreed For Employers.
Berlin, To-day.
forced on May 1, which, inter alia
The
New York, To-day. upward trend
in
slowed on the stock York Exchange yesterday. Rails advanced sharply, rising 1.99 to 46.25, while industrials, utilities and bonds were up .21, .06 and 72 to 103.40. 26.23 and 67.71 respec- | lively. The commodity index de-.
clined 59 Lo $1.70.
BETTER BUSINESS AND HIGHER MARKETS IN 1934
SPECIAL TO CHINA MAIL
(Bu Telegraph, Copyright. Telegra phis Messages Ordinance, 1804. Be ceived January 17, 200 ..)
New Yrok, To-day. Mr. Roger Ward Babson. America's leading statistician, bas estimated that in 1934 the com- bined index of industrial stocks may approach the 1831 levels.
DEPRECIATION
U.S. AND BRITAIN SEEK FOREIGN TRADE
COLLAPSE IN
INDIA 'QUAKE DEATH-ROLL NOW OVER 100.
EXTENSIVE DAMAGE REPORTED
Calcutta, To-day.
The latest Indian earth-
SILVER ADVOCATES DISORGANIZED quake, reports indicate that
BY ROOSEVELT MESSAGE
SPECIAL TO CHINA MAIL
By Telegraph, Copyright, Telegraphic Messages Ordinance, 1894. Received January 17, 9.00 a.m.)
WASHINGTON, TỪ ĐÂY.
MR. EUGENE BLACK, GOVERNOR OF THE FEDERAL RE- SERVE BOARD STATES THAT THE FEDERAL RESERVE HAS RECOMMENDED LEGISLATION NATIONALISING THE COUN TRY'S GOLD. THE STATEMENT HAS SQUELCHED THE RUM. OURS THAT THE FEDERAL RESERVE MIGHT FIGHT TO PRE- VENT SURRENDERING GOLD.
between 100 and 500 have. been killed .OF * injured throughout India. Twelve thousand houses have col- lapsed or are hadly damaged. Damage to property amounts} to £750,000.
It has been established that the centre, and origin of the disturb- ances lay between the Ganges] Valley and the Nepal foothills.- Beuter.
FURTHER HAVOC
London, To-day. Observers have predicted that President Roosevelt's plan is different parts of India, report that Press messages, yesterday, from likely to lead Great Britain and the United States into a digantie the number of lives lost in Mon- foreign exchange battle which will eventually result in arrency day's earthquake was over 100.. stabilisation.
It is reported that the British fear that an America“ isation fund will cause a race for depreciation of curret foreign trade as the goal.
It is believed that President Roosevelt hopen his policies will hasten international stabilisaton. © 2 tion is directed to the fact that President Hoogerdi elded to go part of the way alone only when foreign na tions were unable or unwilling to join monetary-discus-
sions,
The damage done at Patus and qua- Jamalpur was more extensive than will, at frat reported, and it is stated
It is believed that his request, for ultimate dollar revaluation bea tween 50 and 60 cents is about as far as he is likely to proceed with- out France or Britain. Congressional sentiment appears overwhelm- ingly favourable.
4
The Roosevelt
message disor- GOLD SHARES RISE ganized the silver advocates, Some IN LONDON. regarded it as favourable to
Effect of Roosevelt greater use of silver in the mone-
Pronouncement. tary structure, while others, disap- pointed by the decision, await the
in most departments,
He predicts that the bond price will advance, with an average yield of five and a half per cent. as against 6.4 per cent. at the prosent time, The outlook, he said, is for better business and results of the present international
Lowton, To-day. higher markets. United Preza.
American currency developments per S.C. Gold Bar Co.
domestic policies before embarking were much discussed on London on new rehabilitation moves.
Stock Markets yesterday, and the tone. Senator Wheeler has announc- somewhat hesitant. being ed that he intends to press his shares were the exception, and rose. Gold mining Bill. United Press, per S. C. sharply early in the day with gold |
Increasing 3/3d.
Per to 131/9d. fine ounce.
Considerable profit-taking at the close mainly accounted for the sharp reaction, and several leading shares finished the day unaltered.
Business again reached a high figure, 3,440,000 shar 26 traded.
The decline in the London parity Gold Bar Co. caused an overnight accumulation of selling orders on the silver mar-! ket. When these were digested, prices steadied in spite of the carly afternoon decline
sterling. Futures displayed continued
steadiness-Reuter.
in
“COMMANDEERING" GOLD.
FURTHER SILVER COINAGE LIKELY
SPECIAL TO CHINA MAIL (By Telegraph. Copyright, Telegra phie Messages Ordinance, 1894 R eclved January 17, 9.05 am)
Washington, To-day.
President Roosevelt will un doubtedly favour further silver
further silver for Treasury reserves, declared Senator Scrugham, yesterday,
that many houses collapsed at Dar- Jeeling, causing several deaths.
The earthquake which was, the mosk general · since 1997, extended over an area from Gajerat In the went to east Bengal and from the Madras Presidency to the Himala- yes-British Wireless Service.
STREETS STREWN
WITH CORPSES.
Calcutta, To-day. Hundreds have been killed ' at Muzaffarpur, a North- ern Blhar town, which was reduced to ruins by the In- dla earthquake, according to reports from Patna.
EUROPEAN
NERVOUSNESS
UNJUSTIFIED
ASSURING FRENCH STATEMENT.
DETERMINED. TO MAINTAIN PEACE
Paris, To-day.
On the eve of his departure for Geneva, the French Foreign Minis- ter, M. Paul Boncour, in an import- ant speech to the French Senate, said that though Europe was faced with a redoubtable question-mark as the result of the German up- heavals, the present difficulties justified neither nervousness nor
Commissioner Henry Happ, Chief of the Staff of the Salva-anxiety." tion Army, who has left Eng land on a four-months tour to the Salvation Army's head, quarters in the Far East,“
GREAT WALL
AS BORDER OF
He emphasised that France was not pursuing a policy of en- circling Germany, but is en- deavouring-to unite the Powers and was determined to maintain peace.p
All depended on Germany's par- [Gcaption.
He remarked that the Locarno Treaty, was not worth less than
MANCHUKUO the other old-fashioned Treaties.
Japanese Attack At
- Lungmensu
1,000 TROUPS CAPTURE AND...
CLAIM VILLAGE
Peking, To-day.
A serious incident occured in the province of Chahar, yesterday. when, according to official reports, a force of combined Japanese and Manchukuo troops more than
He favoured diplomatic ex- ges: between the great but added: that last
done every EL. Reuter.
SIR JOHN SIMON-LEAVES.
FOR GENEVAS
London, Today,
The Foreign Secretary, Bin John
1,000 strong attacked the Chinese Simon, will leave London thẳn morning for Geneva where he ex- garrison in a village outside Lang-pacts to arrive to-morrow to at-
The streets are strewn with menu, the Great Wall pass. cut off. corpses, and communications are
Reuter.
PRINCE GEORGE FOR AUSTRALIA
Second Dominion Tour Within A Year:
London, To-day,
It is announced that Prince George will visit Aus- tralia next Autumn, shortly after his return from South Africa, for which he leaves on January 19.' City, opinion regarding President The occasion of the Prince's
British Government stocks closed dull with warloan, 3% per cent, down 8/16 at 101 7/16. Interna- tionals finished under their best.
tend the meeting of the League,
The attacking force, which ad-Council. vanced from Haifengchai, occu-ness before the Council will be It is anticipated that the bual- pied the village on the ground
that it belongs to Manchukuo,
They also contend that the Great Wall represents the border of Manchukuo in Charhar as well as in Hopel. The Chinese garrison com- mander in the Chihcheng area is secking instructions from Pek- ing to deal with the situation.- Reuter's Pacific Service,
"CHANGE OF TITLE."
Roosevelt's message to Congress revisit Is the centenary celebra-The Time's" Comments A new German law is to be én-Senators Doubt Legality coinage, plus the acquiring of is immediately directed at the is expected that His Royal High-On Pu-Yi Coronation
cognises that the measure announced tions of the State of Victoria. It
American internal situation, and ness will be away for six months, that time will be required to assess He will sail on September 30. its wider repercussions-British Reuter. Wireless Service...,
makes strikes' legal and the fate Of New Measure.
of the workers depend solely on the decision of the employer, subject
Workers' Council,
The decision of the employer will Dravail unless vetood by the trustee of the "Labour Front."-Reuter,
—
Washington, To-day.
to advice from the Advisory The United States Treasury Se He said that he did not expect
crelery, Mr. Henry Morgenthau, any immediate action in the silverj and other experts, have explained situation, but he believes that the the provisions of the Monetary price will remain at 64.5 cents. Bill, which has reached the com He said. that industry: had al» | mittee stage, to the Senate Banking ready, been stimulated dus to this Committee.
price-United Press per 8. C. Gold
FRENCH SWINDLER'S
SUICIDE.
Told His Wife That He Was Ruined.
The latter have requested the At-Bar Co. torney-General, Mr. Homer 8. Cum mings, to give a written opinion on the legality of commandeering" the Federal Reserve's gold."
FARM BOND BILL PASSED.
|
"GERMANY STILL HANDICAPPED.”
Currency Situation
Unchanged.
Berlin, To-day. German bankers and export ́ers are of, the opinion that
President Roosevelt's manife
to does not change the situa Hon in Germany,
The request was made after the Democrat, members had sharply Government Responsible Parts, To-day A dramatic admission was zande challenged its validity. yesterday in the Stavisky enquiry Senators Carter and Glass did For $2,000,000,000 Loans. when Madams - Stavisky told the not consider that paying the Fe
They point out that as long examining Magistrate that her hus deral Reserve with a special type
Washington, To-day, the pound sterling is not defnitely. band had Informed her of his in of gold certificates could qualify The House of Representatives has stabilised world currency tantion to commit suicide. N
as "just compensation."
passed the Farm Bond Bill, amend-tainty must continue. "Serge told me on December 24The Chairman, Senator Fletcher, ing the Farm Credit Act of 1988, that he was utterly ruined and; as has announced that the Committee which makes the Governine
be did not wish ignominy to "den will hold a, Bacret hearing to-day,
cend on me and the children, be The Witnesses.
- intended to commit suicide”: I tried Governor of the
to disacade him but was unsuccess: Board and, the wall änown scono
|mist: Profess
Ro
r the principal as well, I
thorised issu
"
FIVE JAPANESE ARRESTED Photographing Bridges In New Jersey.
RELEASED AFTER QUESTIONING
London To-day. Outside of Manchukuo, the en-
thronement of the Manchu King is unlikely to modify public opinion in favour of the Japanese policy, declares The Times expressing coronation of Mr. Henry Pu Yi In a leading article, to-day
bn...
The newspaper asserts that, the European and American, opinion will require more evidence than s New York, To-day, mere change of title by the eleva. With scare: headlines on their tion of the chief executive to the front pages, the "Tablold” news- Throne, papers to-day announced the ar
The step, will not make Manchu rest of five Japanese at Kearny, kuq any less a client state of New Jersey, who were found Japan, the paper states,
a photographingbridgerat Hacken Meadows, New Jersey. 1^It is learned, however, that the Japanese were released afte
hours" questioning,
mtión
At Nanking and in this re-affirmation of
to accept ave shadow: Chinese sus
Japanes
Zour: being Indiaj Lawking sat in the
his plai
completed by the week-end and that
Sir John will probably return to England OR Saturday.—British Wireless Service,
THE SAAR DISPUTE.
Germany Refuses Geneva Invitation,
Berlin, To-day.
It is understood that Ger- tion of the Council of the many has refused the invita
League of Nations to attend its
later on the Baar ter
ritory question
The German reply has been sent |to Geneva and the text is not
available here--Reater.
AUSTRIAN NAZIS GAOLED
Illegal Activities”
Alleged.
TWO LEADERS SENTENCED
Vienna, To-day.. Herr Frauenfeld, the for- mer Nazi Inspector In Aus tria, has been sentenced to {{six monthe" "Imprisonment.
·Herr® Shattenfroh,- another "Nazi lender, has
to three wedko tent, 17.
ged with illegal
tenfeld was rec omera” “conce
is believed that due to pr
ht on by the Chancellor
the "Heff
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