1935-04-27 — Page 9

ADVANCES IN SILVER

MINE SHARES

#

Toronto And London

Markets

London, Apt. 28.

Hver is the principal feature in

With the rise in the price. of all papers. The uncertainty re- silver, there were spetacular ad-garding President Roosevelt's real vances in silver mine. shares on

intentions is the keynote of all the Canadian market,

financial writers. Special import- atcording to a message from Toronto, yes-

ance is attached to the speed at terday's sales amounting to 1,847, which the American silver buying 138. which was the highest since s carried out. last August.

London silver shares experlen ced an all-round advance,

The "Financial Times" silys that many mines will produce, a complex ore of silver, lead and zinc. Thus there is an obvious danger that the increased produc- tion of silver will cause an excess of baser metals to depress prices. As yet the rise in the price of silver mine shares has by no means discounted the full bene- nts that should be gained it the rise in price of silver is perman-

ent.

SILVER BUYING PROGRAMME

Attacked By New York Journal

London, April 26.

The New York Journal of Com- merce slashes the "farcical silver buying programme which is now entering an acuter and more mis- chievous phase."

The demoralising "effect on cur political life may prove enormous," states the journal. The potency of the silver bloc In forcing so absurd a monetary measure upon the Government for the benefit of a handful of silver 'mines will en- courage other special interests to obtain similar favours regardless of the cost to this and other coun- irles."

"

The Journal emphasizes the dif- ficulties in China and Mexico and points out that even India may suffer an epidemic of melting rupees if the price of sliver should, rise to about 105 cents an ounce. Reuter

- BOMBAY SILVER

MARKET

Business Suspended

Bombay, April 26. Fresh business on the Bombay silver market has been unofficially suspended fearing" a crisis owing to the sharp rise in prices.

Brokers are conaning themselves to squaring up old accounts.- Reuter.

APPEALS AGAINST THE MEMEL SENTENCES

(Special to the "Hong Kong Dally Press"}

(B) Telegraph Copyright, Tate graphic Miragez Ordinance. 189 Received, April 26, 7.30 p.m.)

Writers ask what advantage

hills of monetary silver on top there is to America in piling up

its mountain of gold. Surely there are other less expensive ways of placating silver interests?

The "Morning Post" says "that China's efforts to check the drain of silver stocks so far have met with some parttal success, but she is probably powerless to pre- vent the stimulus to smuggling. due to the further spectacular rise in price of allver. At five shillings China is threatened with complete economic chaos.— Reuter.

|CALLOUS MOTOR DRIVER

Rushes Into Line Of Soldiers

(Special to "Hong Konz Daily Press"),

(By. Telegraph, Copyright, Tele- graphic Messages Ordinanca, 189.4. Recriced. April 26, 130 p.m.)

Prague. April 26.

'An automobile accident of a particularly serious character took place here on Thursday evening on the main thoroughfare between Kremsler and the municipality, of Vazauv.

A car carrying two persons rush- ed at a high speed along the road! in the dusk with headlights tura- ed low, overtaking and hurtling into a column of infantry soldiers marching

back to barracks. Twenty eight of the soldiers were knocked over and the car skidded into a ditch. But instead of stop- ping the driver stepped on the accelerator and drove the car straight over the prostrate bodies of "the injured soldiers.

Panic broke out so that the car managed to escape in the dark- ness, but the driver was, later identified and arrested.

Several soldiers were gravely hurt.- Transocean Huo Min.

DANUBIAN CONFERENCE IN. ROME

(Special to the "Hong Kong Daily Prem"). (B) Telegraph, Copyright, Tele. graphic Mezzager Ordinance,

1804. Received, April 26, 440 p.m.)

Rome, Apr. 26. Contrary to conjectures appear- ing in the foreign press. it is stressed in authoritive quarters that the original programme for the forthcoming Danubian con- Kovno, April 26. ference in Rome had not been All appeals lodged against the | modified or reduced. The pro- notorious Memel sentences were gramme envisages the conclusion forwarded on Wednesday by the of the Danubian pact by all states court martial to the supreme bordering on Austria as tribunal. Of all the 87 convicted by Poland and Rumania as only three abstained from the cessor to the states to the form- appeal, two being Lithuanian er Austro-Hungarian empire. plain-clothes detectives Molinnus It added that the question of and Kubulat, the third being the rearmament by Hungary and Bul- man whose sentence had already garla is not on

the agenda of been served in full during the the conference, but if this ques- period of detention in custody. tion should come up in the course. The Anal decision of the supreme of the deliberation with good pro- tribunal is not expected before spects of solution, then Bulgaria the beginning of June.

would subsequently be invited to Transocean Kuo Min.

participate in this phase of the discussions.

MORE ITALIAN TROOPS:

FOR AFRICA

(Special to the "Hong Kong Dally-Presa")

[Bg_Telegraph; "Copyright, | Tela: graphic Messages: "Ordinance, " 1891- Received, April 20, 4-30 p.m;)

Rome, Apr. 20.

The despatch of troops as well |

as militia and skilled workers to north west. Africa la with unbroken regularity

continuing

trom

Transoce in Kuo Min.

well

18

SMC-

GJANT MAYPOLE IN BERLIN

(Speelal, to "Hong Kong.

Daily Press") '' (By Telegraph, Copyright, Teis graphic Messages Ordinance;'" '1894 Received, April 26, 7.30 p.m.) \

HONG KONG DAILY PRESS, SATURDAY, APRIL 27, 1935.

NO TRUTH IN

RUMOURS

Ex-King Makes Denials

London, April 28.

"I know absolutely nothing about It...I attended no meeting and. have not been approached on the subject of my return to Greece,"

Ex-King George of GreeES.

PREMIER'S UTTERANCE

ON GERMANY

Unfavourable Comment In The British Press

(Special to the "Hong Kong

Dally Press").

(By Telograph, Copyright, Tels graphic Messages Ordinance, 1894 Received, April 20; 7.30 p.m.)

London," April 26. An exceedingly sharp attack was made by Premier Macdonald in the weekly periodical "News Letter" which is reprinted by the whole of the British Press. A Tew of the papers, deal with the mat tex. editorially, but most of those who do so ceasure the Premier severely for a new provocation of unrest and mistrust just when the agitated state of international re- iations demands the most tactful handling

expression to such a critical opinion at such a critical juncture of negotiations which are perhaps decisive for the peace of the

world"

The "Dally Herald" heads the leading article "Strange Action of Prime Minister," saying that many things seem to indicate that Ger- many is seriously considering the question of an "ever open door!" Under suth circumstances the cleverest thing to do for the time belag is to guard silence. One has the right to ask whether this utterance ts a well-considered view of the Prime Minister and the whole Cabinet or whether Mr. MacDonald is trying to rush his The Liberal "News Chronicle" colleagues "unavoidably into a declares itself unable to discover system of military alliances. the purpose of the article. "We The "Dally Telegraph" em- all know," says the leading ar-phasises that the striking sen- ticle, that our present Prenler is tence in the Premièr's article inscrutable and erratic, but even saying that Germany's newest he has astonished us with this policy of military rearmament British people has a right to know of collective security into a dan pronouncement on Germany. The anavoidably transforms the idea what the Premier is really driving gerous form of military alliances at.

refers naturally only to the case that Germany will not understand how real general fear, is which called forth and refuses "self- chosen isolation" to end by return to the League of Nations and co-operation with other nations- Transocean Xuo Min.

declared the ex-King of Greece statement in the News Chronicle" following reports that a secret meeting of Royalists and

"If the declaration is intended members of the Greek Parliament to carry the full weight of a state in Paris where he was staying, had

ment of the government and its invited him to resume the kingship people, then it should not appear and that he had "accepted in the columns of a party organ. Reuter.

In any case it is extraordinarily out of place to give an official

SILVER MARKET

(From Our Own Correspondent)

London, April 26. London Silver prices to-day were up 1-3/8 as follow:—

April 25 April 26 Spot............... 34-7/8 36-1/4 Forward......... 35

36-3/8

London on New York cross zate. at 2 p.m. to-day was 4.8137 com- pared with 4.8325 at closing yes- terday.

MISS BATTEN IN ROME

Rome, April 25. Miss Jean Batten, the Australian airwoman, has arrived here, after being delayed by engine trouble and forced down yesterday,

She is flying from Australia to England. Reuter

FRANCO-SOVIET PACT

New Instructions From Moscow

The

LORD DERBY IN

TEARS

Overcome by Birth- day Honour

(Special Air Mail Service)

London, April 8. Lord Derby broke down almost | completely yesterday after he had responded to Lancashire's tribute

on his 70th birthday paid to him

JHERE'S A PEDIGREE

to **BLACK & WHITE" that dates back to the earl lest days of whisky distill- ing. This choice blend of fine old Scotch Whisky fulfils your utmost expectations. "BLACK & WHITE" is bottled in our own bonded warehouses in Scotland and its unsurpassed quality is uniform the world over.

JAMES BUCHAREN & CO.LTD, GLASCOW & Lexop

"BLACK & WHITE"

SCOTCH WHISKY

MAURETANIA'S LAST VOYAGE

Old Commander To

Be A Guest

(Special Air Mail Service)

London, April 8. When the Mauretania makes her last voyage to the shipbreakers she will be accompanied by a sman band of men for whom every inch of her gallant frame holds a memory..

U.S.

WARSHIPS

To Visit Japan

Special Air-Mail Service

London, April 8. The United States is sending a naval mission of good will to Japan

Its apparent object is to set.or criticians made in Japan about the American naval manœuvres in the North-Eastern Pacific which are due to being on May 3.

Mr. Swanson, Secretary of the Navy, announced today that Ad- These will be officers who served Asiatic Fleet, would head the mirai Upham, Commander of the

her in her hey-day when the mission. He will arrive at Yoko- hama on May 3 in his flagship the

"Blue

(Special to the "Hong Kong Daily Prem”);" (By Telegraph, Copyright, Tele graphic Mensagan Ordinança, 189.3. Received, April 26, 3.30pm)

Paris, Apr. 25. meeting of the Peoples Commissaries, after hearing the at Preston in the presence of a Mauretanja held the Commissary for Foreign Affairs large gathering representative of Riband" of the North Atlantic for report on the present stand of the every aspect of the life of the 22 years and before the proud Franco-Russian pact negotiations. county.

description of "crack liner gave in a rather excited session decid- He had ended his speech with an "Grand Old Lady."

way to the sentimental title of ed to authorise M. Litvinoff to eloquent acknowledgement of his wire the news to the Soviet Am-wife's help. When Lady Derby bassador in France, M. Fotemkin. which would enable the latter to almost

was called upon to speak he was overcome with emotion. reconcile the Russian-French view He sat at her side and through points, according to reliable re- tears smiled to her. ports received here from Moscow.

Apart from my love for her fears that she will be unable to is confident that the conversations said Lord Derby in his speech, reach London to-night non-stop which M. Potemkin will have with for the help she has always given "there will always be gratitude as intended. She makes for M. Laval during the Lyons and hopes to

the days on the basis of the new in- and for the children she also gave night in Paris.

structions will be crowned with me. For the future I have cons She declared that she fought success and will permit the axing and grandsons who I know will against a very strong head wind of a date for the French Foreign carry on the Stanley traditions to-day, especially over the Alps, Minister's journey to MosCOW-

probably better than I have, but and was worried with engine Transocean Kun Min.

not with more love of the country trouble for two days.--

than I have." Reuter,

FURTHER MISFORTUNE

Marseilles, April 28. Miss Jean Batten's flight has been delayed owing to a punt tured tyre which will take an hour to repair. Meantime a re- port of bad weather has caused

spend

FAMOUS CONDUCTOR

RETURNS

[Special to the "Hong Kong Daily Fress" (Copyright),]

Berlin, April 25.

accorded the

famous

German

The reporte add that Moscow

next few

POLAND'S ATTITUDE ·

Paris, Apr. 26. Poland is trying with all means

10,000 ton cruiser. Augusta. Simul- taneously a squadron of 11, de- stroyers will reach Kobe with the same purpose.

Mr. Swanson said the Navy De partment had received many ter ters complaining that the man- ceuvres had the appearance of menacing Japan. "There are no grounds whatever for such a be lief," he added.

This is the fitting farewell which the Cunard White Star Company are planning for the most famous of their fleet. She will sail from Southampton, where she now lies, for the Firth of Forth in a week or two's time.

The U.8% manouvres will see the Among those who will be invited largest and most powerful force to join the ship's last company is ever assembled in one area under Sir Arthur E. Rostron, late Com- one fing. Never before will the modors of the Cunard fleet, who 8. feet have been so near to was the Mauretania's commander Asia, while the Japanese plans for during her golden years, from 1915 July maneuvres will bring Japan- to 1926. He was in command ese ships nearer to America, than when the Mauretania, thrilled the ever before world with many of her record- making trips. Four years ago he retired to a village near his old ship's present berth.

Effect on Other. Powers

Mr. Swanson also referred to- day to the question of Germany's Dossible participation in the next Naval Conference. He advocated. this, but said the matter had not been broached here.

Privileged Voyagers

Unfortunately there will be room on the ship for only a few, of

Speaking as an individual, he those who would like to accom

any her on the last trip. By the did not see how Germany's report- Southampton many of her fittingstons would disturb the naval time she is ready to all from ed demand for a navy of $50,000

Valumes of Signatures One thing he was proud of was at its disposal to prevent the con- that through "successive genera- clusion 01 the Franco-Russian" | tions each Lord Deŕby in his day pact or at least modify its effects, | had done his best to play his best asserts the foreign editor of in his county and his country. "T'Oeuvre"" writing about the mo-

Lancashire's present to Lord tives underlying the recent con- Derby was a plece of gold plate An enthusiastic reception was versation between the Polish Tor- As the gold plate was not ready. elen Minister and the Italian Lord Derky was given a copy of conductor, Wilhelm Furtwaengler Secretary, for Foreign Affairs at the design Lady Derby received and furnishings will have been ratios.or the other major naval on his reappearance after nearly Venice. five months of absence on Thurs-

a jewel and a special cabinet Bignor Mussolini intimated to enclosing 22 volumes containing day evening when he conducted M. Laval in Stresa that Italy the signatures of all the sub- a concert in the Berlin Philhar- would welcome Poland's participa scribers monic Orchestra. All seats for tion in the Central European pact. the concert were sold out several Duce lauded Poland's military ler was given a great ovation after Reuter. days before hand and Furtwaeng powers and peaceful disposition.- each number in the all-Beethoven programme...

It will be remembered that Furtwangler resigned his direc torship of the Berlin State Opera and his leadership of the Phil- harmonic Orchestra on account of a controversy with the authori- ties over the official ban on the modern German composer, Pant Hindemith. The dispute has been recently settled to mutual satis faction Transocean Kuo Min. :

Berlin, April 26.-

“A message" from the King ux-

It is stated that several of Mauretania's luxurious

FRENCH TRIBUTE

stripped, and temporary accom- Fowers He recalled that when a modation will have to be provided delegate to the London Naval Con- for the company's guesta.

ference in 1930, he had tried, with These will include apart from others, to bring Germany within officers directors and friends of the conference movement. pressed his best wishes that Lord and directors, of Metal Industries, the Cunard-White Star Company, Derby might long be spared to the firm which has bought the continue his valuable work for the liner for breaking up. people, of Lancashire and for the country generally.

London, April 25, Lady Derby said that when she including probably, some of the fittings

Several hundred French ex- thought of the gorgeous gift reprefine panelling, will find a place in service men, members of Union senting the loving kindness of the Queen Mary. Other things Federale des Anciens Compaitante, over 33,000 people her heart was will go to the New York Yacht who were welcomed and entertain

Club, for America has as high, aed by the British Legion during She thanked them for the regard for the old ship as this their short visit to London, this Telafriendship and affection which country.

they had shown to her husband,

morning marched to the Cenotaph whose work for Lancashire had travellers to the Mauretania

In Whitehall and laid a wreath The sentimental attachment of there. The depulation afterwards been a labour of love -

shown in the scores of letters unknown warrior in Westminister Inid a wreath on the grave of the which are reaching Glasgow

Abbey

RUSSO-CZECH CREDIT AGREEMENT

(Special to "Hong Kong. Dally Prese") (B3 Telegraph, Copyright, graphic Messager Ordinance, 1894 Received, April 46, 5:30 p.m.)

Prague, Apr. 28. The draft of the Russo-Czecho- Alovakian credit agreement, by

too, fali for words, al

An Immmense Maypole, one of trafic. The pole weighs four and which Soviet Russia is to be pared to grant an additional cre- Fach contains request

of Metal Industries by the prominent features of the a hair tons and has a length of granted financial credit or 100 dit of 150 milion, crowns for cur- part of the liner 5-2 various ports in the south of German National Fete Day on Ave rallway trucks A battalion million crowns as well as indus-rent trade requirements. It is, many happy Yoyages. Italy. Among those leaving Nap-May 1, arrived at Berlin on Friday of workmen was required to trial credit of 150 million for five however, understood, that the Bome ask for the the steamer Colombo morning at five o'clock from manipulate this forest giant and years with a proviso that cor- proposals, do not fully conform some for par with 85 officers and 1,200 men Frankenwald. This early hour erect it in Lustgarten, a vast responding orders be placed with with the wishes of the trade de- others to one

arms consenting to these credits, legation was handed in by the Soviet trade would delegation on Thursday The proposals Czech Industry is moreover pre- Transoceas Ruc

les were

and the steamer Mazariosauro was chosen because of the dim square outside the old imperial with 60 officers and 1,200 skilled workmen.~~ Transocean Tuo Min

culty of transporting the enormous tree at the time of the day when the streets are congested with

palace which is always the central point of great public festivities Transocean Kuo Min.

submit

that It 4 buoy with, theời

counter on it

#ritish Wirele

shell will be towed on

to the beach and there broken into

Thes

itable for the

be me will emerge AS DOW

beenMauretania will live?

bull of another fine ship.