1934-09-27 — Page 14

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China Mail:

NINETIETH YEAR OF PUBLICATION.

HONG KONG, THURSDAY, SEPTEMBER 27, 1934.

U.S. TRADE FIGURES IMPOSSIBLE MARKET MARGINS

IMPROVE

Big Favourable Balance For August

EXPORTS UP $10,000,000

SITUATION

(Continued from Page'1.)

The United States Chamber of Commerce directors on Tuesday stated that a general state of ap- prehensive prevails and they had asked President Roosevelt to

CONTROL

Application Postponed To October 15

DISAGREEMENT REPORTED

Washington, To-day. SPECIAL TO CHINA MAIL.

Applications of the new stock (By Telegraph, Copyright, Telegre nhto Massapes Ordinance, 1894, Ratate definitely the economic pro-market margin requirements have colved September £7, 10.30a.m.)

gramme of the Administration; been postponed until October 15, as Washington, To-day. when and how he proposed to the Federal Reserve Board has so United States exports for August balance the Budget; whether or far been unable to agree on certain

com not he intended to collaborate points-Reuter. totalled U.S.8171,965,000, as

In with other nations to stabilise pared with U8161,655,000 July.

to

The increase was largely due seasonal gains in the shipment of tobacco, fruits, and grains and the large movement of lumber, iron. steel, machinery and fertilizer.

Imports totalled U.S.$119,515,000, as compared with US$127,229,000 in July.

A

New York, To-day. exchange in the near future and The Federal Reserve Board was whether or not he intended to expected to lasue the margin re- discontinue competition in pri-jouirements either yesterday or to- day, but the possibility of postpon- vate enterprise.

ing the effective date until October 15 was later reported.

LABOUR RELATION BOARD

(Continued. From Page 1) Other members are Rear-Admiral

The postponement is presumably | to permit operators to study the requirements which have not yet! been made public.-United Press, The decreased was largely due to Henry Wiley and Mr. James per S. E. Levy and Company. smaller shipments of tin, crude Mullenbar, the labour arbitrator. rubber, inedible oils, fats, raw All three are members of the Steel hides and skins, burlaps; newsprint, Labour Relations Board-Reuter. and coffee-United Press, per S. E. Levy and Company,

U.S. ELECTRICITY OUTPUT DECLINES

CHILD LABOUR PROHIBITION

MARKET RALLY EXTENSION

FUEL OIL PRICE REDUCED

New York, To-day-The Stan- dard Oil Company of New Jersey has reduced fuel oil prices by a quarter of a cent per gallon.-- (Continued from Page 1): The President will probably eli-United Press, per S. E. Levy and New York, To-day--Electricity minate one-man rule by, firstly, Company.

Board consisting of' production in the United States creating a last week was 1.631 billion kilwatt members representing the Govera: hours, as against 1.634 billion kilo-ment. industrialists and labour; watt hours for the previous week, secondly, an Administrative Board

New York, To-day. The daily and 1.699 billion kilowatt hours for to carry out the recommendations the corresponding week of last made by the first Board and average for crude oil production in year-United Press, per S. E. Levy thirdly, a Judicial branch for pro- the United States last week was Becuting violators.-United Press, 2,448,000 barrels,... as against and Company.

per S. E. Levy and Company.

BROKERAGE LETTERS SCRUTINISED

New York, To-day-The Stock

Exchange Conduct

Committee is

scrutinising brokerage letters. In

RECORGANISATION PLANS EVOLUTIONARY

(Continued from Page 1) The President is vague regard-

CRUDE OIL PRODUCTION DECLINES IN US.

|2,488,000 barrels for the previous week United Press, per S E. Levy and Company.

U.S. MAY IMPORT WHEAT FROM ARGENTINE

New York,To-day.-Traders are a few instances they have cau- ing when the plans will be an tioned against the methods used nounced, but he indicated that discussing the possibility of wheat in attacking Administration po- they would be evolutionary-Un-imports from the Argentina in spite licies-United Press, per S. E.ited Press, per S. E. Levy and of the heavy tariff.--United Press,

per S. R. Levy and Company. Lavy and Company.

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26

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