1934-12-15 — Page 9

STOCKS ADVANCE DOUBTED

Pessimism Returns To Wall Street

FAVOURABLE FACTORS

New York, To-day,

Some traders on Wall Street are expressing doubts of the slock mar ket advance, which seems to have already over-discounted the husl- ness upturn.

Favourable factors yesterday

were

(1) Bank elearings amounted to

$4,769,049,000, as against $4,-: 321,009,000 last year,

(2) Electricity industry sales for October totalted $155,811,500, as against $150,390,400 last year.

An unfavourable factor was that the Federal Reserve Bank has re-: ported that money in circulation was contra-suasonally $13,000,000 below inst week, casting doubts on the reports of an increased holiday trade.

S. E. Levy And Company's Report In their market report, Messrs.) S. E. Levy and Company, corres- pondents for Messrs. White. Weld and Company, New York state:

"Stocks: The market is giving no indications of a nearby move out of the present area, and un- less it is stimulated by news

expect little developments, we change. Business done:-930,000

shares.

of

"Bonds: - U. S. Government Bonds were" easier. High grade and second grade bonds were frac- tionally better.

"Grains: Buying was princi- pally local on shortcovering." Ac- tion of the foreign market sug-1 gests caution. There was buying on budges. Wheat: Total sales:-) 14,478,000 bushels, Corn: Total aaies:-16,833,000 bushels.

"Cotton-Persistent trade buy- ing was offseting the Government's selling. There was considerable

In her Paris studio,

THE CHINA MAIL, SATURDAY, DECEMBER 15, 1934

Gertrude

Stain returns.

One of America's most famous and eccentric woman writers has returned to her native land for a short stay after a self-Im- posed exile of 31 years. Short, good humoured Gertrude Stein, who says what she thinks and writes what no one else thinks, is making a lecture tour of some United States colleges. She likes America, but prefers to live for Europe. Hailed as a girl genius more than 40 years ago, Miss. Stein has helped to bring recogni tion to several modern authors and artists.

MR. BALDWIN AND

POLAR HEROES Spirit Of Adventure Still Lives

IRON, STEEL SHOW IMPROVEMENT

Appreciable Advance By

Great Britain

To-day's Short Story.

Immortality

THE studio was small, shabby

By Gordon West

"Muck. rubbish, damned piffe,"

TH and unclean, and the man he said aloud, and threw his shabby

who sat painting negligently at body into an armchair which had the low easel seemed an integral the grease-stains of countless heads part of his surroundings. He and hands on its faded damask, was unshaven; his clothes were He sat there for a time, gazing un- thread-bare and unclean; his hair seeingly at the wall. Finished t untidily long; and there was a For five years he had known he perpetual scowl on his face as he was finished. His sodden brain had almost defiantly flung paint on to lose its vivid conceptions; his power to the canvas.

to visualise those scenes that had None of his former friends delighted the world in the past had would have recognised him as the gone; his hand no longer had any once brilliant Paul Newell, whose cunning. One consolation only re paintings fifteen years ago had mained to him, and for five years, been the craze of art lovers and while he had been striving to revive fashionable poseurs, and had conse his dying powers, he had hugged: quently brought high prices at West that consolation to himself. End exhibitions.

In those days Paul Newell had been debonair, distinctively dressed, well groomed and fascinating to all people especially to women. He had been the pet of Mayfair salons. He had been courted and flattered. To have Paul Newell as a guest had becn the height of ambition of many a duchess. It had been also] the misfortune of many a husband,

'Paul Nowell the man was dead; but Nowell the artist would survive the man and live on in the pictures.

MONDAY'S STORY

Monday's story will be Poor Outcast," by W. A. Sweeney.

create

Paul Newell had come down from Oxford with the avowed intention! of tasting all the pleasure in all the

Now that all else was lost to him gardens of the world; but some of them he had tasted so often that friends, popularity, good looks, they had taken rost in his soul and youth, and the power to dragged him down into the mud of beauty-his mind dwelt on the one thing that remained—his immort- the gardens that he loved so well.ality. He knew that was safe. It Now, at 48, he was finished, both would be carried on into the future, 28 a man and an artist; and he

and for centuries his name would! knew it.

be on the lips of art enthusiasts.

His immortality would hang on

He rose and stood back, régard- ing the daubed canvas before him the walls of the stately homes of with a scowl. Then he walked over England and the elaborate homes of

GIFTS

of GREATER USEFULNESS ★

Will be his present if you make him a gift from "Powell's." A nice Slipover, Ties, Handkerchiefs, Socks, are gifts your gentleman friends have never too many of. To be appreciated they must be of the right quality, goods that he

·would choose for himself. When you purchase his present at "Powell's" you are assured of his complete satisfaction he knows their quality and value.

►

For your convenience our Store will remain open, until 6 p.m.

WM. POWELL LTD.

10. ICE HOUSE STREET,

RECORDS

FOR CHRISTMAS

to a dilapidated corner poured America. He could see people a DB1196-A Very Merry Christmas took out a bottle of brandy, poured hundred years hence, dressed in

out a stiff dose and drank it, and strange clothes, standing in those DB 953-Christmas Hymns and Carols returned to the easel, staring again rooms, looking up and saying: “Yes,

The iron and steel industry in at the canvas. Suddenly he utter it's a genuine Newell one of his 9561-Adeste Fideles-Noel Great Britain and Germany is im-ed an oath and flung the canvas finest examples." Lucky he had

9127-Christmas. Overture proving appreciably, it was revealed with a clatter into a corner of the done some good work and won a

name. This rubbish he was paint-G7192-While Shepherds Watched ing now would be forgotten as soon

last month.

.

room.

SCOTT RESEARCH INSTITUTE Mr. Baldwin, Chancellor of the shortcovering of October options University, opening the Scott due to reports of an overwhelming Polar Research Institute at Cam Messrs. Dorman, Long & Co., majority favouring continuance of bridge recently, said the Eliza Ltd., announced that their profits the Bankhead Bill.

bethan spirit of adventure was for the year amounted to over BRITAIN'S JUDICIAL "Rubber:-Manufacturers

were not dead, but was rampant. £500,000. The Kruppa works at At the moment there was a they are paying their employees a good buyers. Statistical facts are constructive and, we would accum-Inational expedition of young men Eisenhad such a good year that ulate on dips. Total sales:-1,357 to Graham's Land in the An- bonus of ten to 25 per cent.

tarctic. Oxford had organised lote."-Reuter.

Market Factors The following telegrams. received by Messra. S. E. Levy

Co. from Reuter:-

Favourable factors:-

tory.

(2) It is the opinion that the market will follow business, which is apparently still on the grade.

Unfavourable factors:-

ing the summer.

the last few years, that Univer-

Krupps' officials announce that no

BOY PRODIGY IN JAPAN

FIGHT ENDS

as it was seen, but the other that G7190 Hark, The Herald Angels Sing

would live.

.

+

Organ.

Organ

Orchestra.

Orchestra.

Temple Singers.

mple Singers.

Temple Singers.

THE ANDERSON MUSIC CO. LTD.

He had a childish conceit in 67191-0 Come, All ye Faithful dwelling on the fact that he, Paul Newell, dissolute, broken and poverty-stricken, was immortal..

But immortality would not buy- him food and drink. He needed money to live, and he knew he had got to find it somewhere. Why the

anybody who at present was co-rought him.

Justice, and added that happy

(Continued from Page 1.)! Jan Arctic expedition led by a son dividend will be paid on the profits Vice President of the Court of Ap of Sir Ernest Shackleton. The made this year, which will be used peal were made for the better ad were Greenland Ice Cap had been to strengthen the financial position ministration of justice.

crossed by two young men alone, of the concern. and there had been

He deprecated Lord Hewart's devil hadn't he saved something a private expedition from Cambridge to

The upper Silesian Borsig works, attacks on Lord Schuster and re when he was wealthy and at the (1) Sentiment is still satisfac-Greenland and Baffin Land dur- it was announced to-day, have in-gretted that on such a question of pinnacle of his fame, he reflected. creased their dividend this year reform personal arguments should And then he laughed, for in those

days the idea of the great Paul] have arisen. Added to these exploits during from three to seven per cent.

He proposed to follow Lord Read-Newell, saving like any scraping up sity had produced H. G. Watkins,

ing's advice and put a proviso into plebeian tradesman was ladicrous. the clause that it would not operate The pleasures of life had long ago who was drowned while leading (3) Current business news is the Greenland Air Survey Ex-

to prejudice the seniority rights of absorbed all the wealth his pictures confirming the constructive trend pedition of 1982, who, had he

He went to the corner and re- that was indicated by earlier ata-lived would, in the opinion of men tistics.

well qualified to judge, have Wears His Parents Down body.

promise ought to satisfy every-trieved the picture. It had fallen on its back, and the still wet oils ranked among the greatest ex- (1) Some are of the opinion plorers.

With Questions

He explained that he intended. to were uninjured. He placed it on that the technical position is not It was difficult to convey in a

proceed with the Bill in committee the easel, and was putting the yet completely straightened out, few words what the lives of as evidenced by the relatively Scott and his companions had to Mitsuo Sakaguchi, the son of a

A four-year-old Japanese boy, that the Bill would be passed before was a knock at the door.

stage on Wednesday, and he hoped finishing touches to it when there

"Come in," he shouted surlily. small decline in brokers' loans teach us. To his mind one lesson primary school teacher, is report Christmas.. compared

The grudging invitation was ac- with previous rise, was "Success is not enough."ed to be able to write over 1,000 LORD HEWART ASSENTS which is likely to cause further There were many greater things. Chinese characters.

Lord Hewart said he was deeply cepted by a short, fat man, wearing hesitation.

Scott was first and last a The boy, in `äddition to having touched by the kind expressions of shining silk hat and a frock-coat remarkably well-developed the eminent members of his profes-He stood in the doorway for a Sir Richard Grenville, of the memory, has a natural desire to sion. "I assent to Lord Readings moment, gazing at Newell with an

artificial smile. little Revenge, had achieved last-know the character represent-admirable suggestion," he said.

"Well, Heimer, what the devil do ing fame through the glory of ing everything he hears or sees.

He added that the one thing that failure. In one of his last letters Scott had written "How much are

His parents declare that they clearly emerged from the debate you want?" Newall asked un

graciously. threatened with nervous was that the notion of a Ministry

Adolph Heimer would never have better it has been than lounging breakdown because of the inces of Justice in Great Britain was in too great comfort at home." sant stream of questions put to dead and buried. They agreed of art dealer, or a prosperous pawn- been mistaken for anything.but an This was

a tremendous sen-them as to the characters for the fundamentals, and it remained Evidence was given alleging that tence the simple sentence of a everything the child sees when-to make peace and get on with the Mr. Newton Baker, then War simple man.

"Ah, dee-ar Mr. Newell, how are ever they take him out.

work. (cheers) Mr. Baldwin afterwards open- Secretary, upheld the original con-

you?” he asked. "I looked in to The Bill passed its second read-| tract sought by the Du Ponts forjed the extension of the Perse

ing and the House adjourned. The see if you have another picture the erection of a factory in 1917 School buildings. "If there be

Lord Chancellor, Lord Hewart, and Newell stood back and looked at

ready yet." under which, according to a mem- one romantic spot in the wither

Lord Reading left the Chamber cor- ber of the War Industries Board, ed and senile heart it is in that

him. dially shaking hands. Reuter would have made spot where Cambridge is writ- U.S.$43,500,000 profit a year with ten," he said.

(Continued_on_Page_7)_

ARMS PROBE IN U.S.

(Continued from Page 1.)

NO INVESTMENT!

the Du Ponts

out investing a penny.

sailor like another famous sailor, a-

It had been a school of experi Another contract, under which ment, he continued, which had the Du Ponts made U.S.$2,000,000 o passed unnoticed by those

outside. profit, was, substituted. N

If it had produced no one but Peremy Taylor, it would Senator General P. Nye Chair have justified its existence. man, announced that the Senate. Committee wants to enquire into the banking and shipping Indus- tries, and added that if Congress will appropriate the additional]⠀⠀ funds necessary, the affairs of Messrs, J. P. Morgan and Company will be investigated.---Reuter.

NANKING VEHICLE

STATISTICS

Rickshaws Lead In The Capital

Nanking.

According to an announce

NEGRO FLYERS CRASH DURING GOODWILL TRIP

(Continued from Page 1)

broker.

"Sit down, Heimer. I'd like to have a talk with you."

"Why, certainly, my dear sir." Heimer sat very carefully in the armchair, taking particular care to Evold touching the greasy ATME with his hands or his coat sleeves, Newell observed him with a sneer

ment made by the Public Works The flight was sponsored by then his dissipated face. Bureau of the Nanking Municipal Tuskegee Institute of America and said. "Why the devil are you buy- "Now, look here, Heimer" he Government, the number of re-

was an endeavour to further Pre 1,000,000-YEAR-OLDgistered private automobiles insident Roosevelt's good neighbouring those damned dauba? They're

REMAINS

the Capital has now reached the policy

worth nothing. They're muck. figure of 1,378, representing an SIGNED SCROLLS CARRIED

They're ludicrous. I'm not- an Gigantic Hippopotamus with the year of 1927 before the November 8, hearing scölls signed delude myself. If I were a con- increase by ten times compared The fliers left. Atlantic City on artist now, and I know it. I don't The fossilized remains establishment of the Nationsby thousands of negroes in the celted fool I should probably think

of Government here

United States for delivery to the that these daubs had some hidden SMALL-POX AT MACAO

gigantic hippopotamus of the The total number of buses is heads of the Governments In the beauties which I couldn't see with quaternary era, have been dis- 67, owned and operated by the west Indies and the Central my faundiced eves, and that you covered in the region of Perugia Kiangnan and Heinhwa Bus During the week ending Decem- According to an authority the Companies. Bicycles registered

American Republics. They were tenn ber 8, ten persons died in Macao remains are 1,000,000 years old, total 8,626 The m ber of from small-box, while 10 cases of and date from the epoch imme. rickshag is 10,188,-

hile that and the same disease were reported in diately preceding the appearance of carriages, 385. Colombo.

Agency)

of man

wer

cally received by thou

TOES"OVE declare

em from and sellin Not bein

Fool

bandon the tour.

Beuter.

knowe you can't

(Continued on Part 10.3.

for

Ice House Street

21822

A SOLUTION TO YOUR CHRISTMAS GIFTS PROBLEM-FLOWERS

THE CLOVER FLOWER SHOP

Gloucester Building

Now On Sale

Telephone 20638.

CHINA YEAR BOOK

1934

The China' Year Book should be immediately accessible to the staff of every office in China. Its 850 pages cover the whole field of political, financial and commercial activities in easy reference form, and makes its absence a definite handicap as much to the mall trader as to the diplomat. Very little of the contents of this edition has appeared in previous issues. In the current issue, among other important documents, will be found:

The Rajchman Report Draft Permanent Constitution: Banking Laws

Manchurian Railways

Sino-Japanese Issues

Price $20 Portage China 50 età. Hongkong 80 ets; Abrond $2.00-

and special articles on currency, communications, cost of living, trade prospects and statistics.. the Chinese Government, publie Justice, telegraph, telephone and postal Information, and Who's Who of nearly a thousand prominent Chinese personalities.

The China Year Book is not written by one man, but by

the number of the principal Foreign nd Chinese authorities various subjects dealt with. Among them are:

E. Gherzi: The Climate of China' Father Mr. E. Kann: Currency and Banking Father P. M. D'Elia: R. C. Misalons Dr. Ta Chent Labour Problems

· Dr. M. T. Z. Tyau: Greater Shanghal

Mr. Owen Lattimore: Chinese Turkestan and Mongolia

Rev. G. L. Hoynton: Protestant Missions

Dr. J. B. Grant; Public Health

The Editor, who affairs, is the anthar "Oriental:Affairs, and

himself a leading authority on Chinese several works on China, Editor-of E-lived for over thirty years br-tha

On Sale str Messra, Kelly & Walsh, Ltd.; Hong Kong. Be or from the printers and publishers: NORTH-CHINA MLY NEWS HERALD, LIMITED. $175TE" Bund, Shangbal)