1937-12-29 — Page 5

THE CHINA MAIL, DECEMBER 29, 1937.

WALL STREET PRICES TAKE A TUMBLE

New York, To-day.

PRICES on Wall Street took one of the worst tum- bles for weeks, with a sudden wave of gloom enveloping the market.

-STOPPANI-

MAKES NEW RECORD BID

Cadiz, To-day.

In an attempt to break the dis- tance record for a flight in a straight-line, the Italian airman, Stoppani, left at 1250 GMT: head- ing for Buenos Aires.

Stoppani left Sardinia on De- cember 16 on the first of a series of lights at the order of Signor Mussolini in view of the institu- tion of an air service between. Italy and Latin America, but he made a forced landing off the AI- gerian coast owing to had wea ther-Reuter.

LE TEMPS TAKES THE CYNICAL VIEW

All stocks fell startlingly.

Traders panicked and rushed to sell and at the close most of the market's recovery since the mid- October slump had been wiped out. much as Leading issues fell as five points, many of them touching new low levels for the year, or longer.

The primary cause appears to have been the anti-monopolist speech of the Assistant Attorney General, Mr. Joseph Jackson, which started fears that the Gov- ernment is starting a trust-bursting attack.

It was

recorded further that. steel production in the United States is now at its lowest since September, 1934, at 19 per cent of the nation's capacity, while

the poorness of the motor industry was disclosed by the General Motors' statement-Reuter.

INDIAN P.C. FOUND BADLY

Paris, To-day. INJURED

Political circles in the French capital have welcomed the develop- ments which, following the recent exchange of notes, have led to the easing of tension between the United States and Japan.

"Le Temps" believes that the American-propensity to accept the Japanese apology and assur ances and consider the Panay in- cident settled, is primarily due to the fact that Washington has subjected the whole situation to careful examination.

The importance of certain trade- figures has been fully realised.

That, for instance, the value of the American export trade to Japan amounts to $200,000,000 against the import of Japanese goods to the value of $150,000,000.

On the other hand the value of United States' exports to China is only $63,000.000 whilst its imports of Chinese goods are vained at $47,000,000. These economic con- siderations, says the French news- paper, are helping the American public appear long-suffering, al- though there are limits to Amer- ican patience, it adds. Ocean

Trans-

CAGOULARD CHIEF ACCUSES COMMUNISTS

Paris, Today.

A sensational story was unfolded the leader of the Cagoulardsy ~(The Hooded Men), Colonel De- loucle when he appeared before the Examming Magistrate yester

P.C. B. 555, Mohamed Din, was last night admitted to the Queen Mary Hospital in a dazed condition, suffering from a wound on his left forehead and abrasions to his left cheek and behind his left ear, caused by an im- provised baseball bat found near the scene of an attack on him.

At about 8.10 p.m., 2. Chinese detective was mak- ing his rounds near th north side of Kennedy Road at the top of Monmouthz Path when he came upon the recumbent figure of Mo- hamed Din, whose Smith and Wesson 38 revolver, loaded with six rounds, was missing, having been cut or pulled off his lanyard.

اهمها

1:

Mohamed Dm was on a beat in Kennedy Road which ran from Macdonnel Road to Monmouth Path. He sign- ed the telephone book at 7:05 pm at Monmouth Path and reported through > the phone to the Central Station charge room that all was correct. The spot at which he was found was well lighted, a nearby stan- dardflooding the semme. When admitted to hospital he was in a dazed condition and at the moment is able to give an account of what happered.

munist organisations had fram ed a plot to be executed on the might of November 15, to seize the e capital with 83,000 men, and assassinate M Blum and other members of the Cabinet and prominent

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