1934-09-20 — Page 12

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SPENCER TRACY

"PAT" PATERSON

JOHN BOLES Herbert Mundin. Sid Silvert

Harry Green Thelma Todd

Produced by B. G.

The

China Mail.

NINETIETH YEAR OF PUBLICATION,

HONG KONG, THURSDAY, SEPTEMBER 20, 1934.

"NEW DEAL" FOR U.S.

COTTON FARMERS

Bankhead Modifies His Control Bill

ABOLISHMENT OF ALL QUOTAS Ultimate Object Of U.S. Trade Pacts

Washington, To-day.

BRIGHTER TONE ON

WALL STREET

Dividend Reports A Favourable Factor

SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra phlo Mensages Ordinance, 1884, Re State, Mr. William Cordell Hull, jecived September 20, 4.05 m.) has announced that one of the SPECIAL TO CHINA. MAIL,

(By Telegraph, Copyright, Telegra Jasper, Alabama, To-day. ultimate objectives of the United Senator John H. Bankhead has States reciprocal trade agree-phis Manager Ordinance, 1864. Re- urged that the allotiments of cotment programme was to elimin-ceived September 20, 3.05 a.m.) ton sellable without taxation beate all quota restrictions as soon increased to cover all the crop har-as practicable.-Reuter. vested this year,

The American Secretary of: TRADERS STILL CAUTIONS

FURTHER N.R.A. CRITICISM

"Continued from Page 1.)

New York. To-day. The stock market is slightly Im- proved, due to higher prices.

Favourable factors yesterday were the good dividend reports and the report that the Government has sponsored projects which will increase the structural steel de- mand.

He said that he was conferring with the Secretary of Agriculture, Mr. Henry C. Wallace, on Saturday. He pointed out that the total crop this season will be less than; 10,100,000 bales for allottment.

He urged, additionally, that commission issue and handle car. farmers who are unable to produce rency, leaving bankers to concentrate continued absence of major leaders!

on hanking.

from the market and that traders:

In a second speech he proposed the

F11 creation of

Government currency

Unfavourable factors were the

the crop allotted this year be allow- He also proposed that the eash-i jare wary of new committments

"

ed to add the difference next yearing banks for United States bonds pending the announcement of the

United Press, per S. E. Levy and have sufficient other assets to main-

new Stock Exchange rulings- Company.

tain 100 per cent. Ilquidity which United Press, per S. E. Levy and he suid, would eliminate runs, re- Company. duce the interest-bearing Govern- ment debt, simplify monetary and banking systems, and eliminate in-l flation, deflation, booms, and de-

BOLIVIAN ARMS EMBARGO

(Continued from Page 1).

Later, in the public session, the pressions-United Press, per S. E. Council passed a resolution refer-Levy and Company.

DR. LIU FOR NANKING

ring to the Assembly the entire question of the embargo on the supply of arms to Bolivia and Para- guay, in an effort to check the present hoatilities, and to hasten settlement of the dispute, which ter to Italy, will leave for Nanking to-morrow evening, after a dinner had already lasted too long.

Dr. Liu Wen-tea, Chinese Minis-

DR. KOO FOR NORTH

BRIGHTER PROSPECTS FOR CHAIN-STORES

New York, To-day. Statisti- cians expect chain-shop sales to increase in the near future, due! to the Government's distribu-i tion of the processing taxes for the relief of farmers-United Press, per S. E. Levy and Co.

U.S. RECOVERY CONTINUES (Continued from Page 1) HUGE INCREASE

A protest by the French Foreign to be given in his honour by the

Italian Minister to China. Minister, M. Barthou, against the unfairness caused to the powers

New York, To-day. The Unit- applying the embargo, by the non-

ed States Labour Department enforcement of it by certain coun-

Chinese has reported that in August, in- tries, was supported by the British Dr. Wellington Koo,

by delegate, Capt. Anthony Eden. Minister to France, who is now industrial employment rose Both urged renewed efforts for a Shanghai, will leave for the north 15,000 and pay rolls by U.S.$1,- speedy settlement of the long dis- for an inspection tour. His return1000,000 weekly.-United Press, pute-British Wireless Service. to France has not yet been decided. per S. E Levy and Company.

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