1933-07-21 — Page 19

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BEDLAM REIGNS IN CHICAGO

SHARE AND COMMODITY PRICES TOPPLE

ROOSEVELT NOT ALARMED

(SPECIAL TO "TELEGRAPH")

(Bu Telegraph. Copyright, Telegraphic Measagis Ordinance, 1894. Received, July 21, 2.45 am,)

WASHINGTON, JULY 20.

THE VIOLENT CRASH ON THE STOCK EX- CHANGE HAS CAUSED A SCARE AMONG SPECULATORS, WHILE THE SITUATION IN THE CHICAGO WHEAT-PIT WAS EVEN MORE DIS- ASTROUS. SOMETHING LIKE BEDLAM BROKE LOSE AND PRICES CONTINUED THEIR HEAD- LONG TUMBLE.

Despite the am with which the situation is view- ed by the public, it is learned that the Government is, welcoming the market break as a logical and healthy reaction from the recent heavy speculation, which officials feared might endanger the recovery programme. Į

THE HONGKONG TELEGRAP FRIDAY, JULY 21, 1933.

The New York Stock Exchange, scene of hectic dealings yesterday and another heavy alump in prices.

If the crash is not soon checked, Washington may SOVIET AND hold a different view, but it is believed that the panic will wear itself out and that the market will right itself again in two or three days.

employment.

ENORMOUS SELLING WAVE

basis

Reuter.

CANADA SUFFERS,

BRITAIN

REPUDIATION OF DEBTS

TO BE RAISED IN

TRADE TALKS

TRAFFIC CASES

THREE EUROPEANS IN

COURT

FINES INFLICTED BY

peans.

MAGISTRATE.

RADIO BROADCAST

PROGRAMME OF RECORDED' MUSIC

From Z. B. W., on wave length of

355 metres (84.6 k/c.).

4.30-7 p.m. Chinese recorded pro- gramme.

7-10.30 p.m. European programme.

p.m. Closing Local Stock Quota

etc.

tions,

7.3-7.15 p.m. Band Selections. All Hands.

Anchors Aweigh,

United States Navy Band. B2778. Semper Fidelis March (Sousa). The Bells of St. Malo (Rimmer),

Band of H. M. Coldstream Guarda, B2647.

7.10-8 m. Variety.

Orchestra The Grasshopper's Dance.

Orchestral--La Siesta.

C1814.

The Palladium Orchestra, Song I've Always Wanted to Call

You my Sweetheart.

Song If I Didn't Miss You.

Gracie Fields (Comedienne). B2014. Orchestral Song of the Drum→→

Selection.

New Mayfair Orchestra. C2143, Piano Solo Southology. Piano Solo-Intangibility.

Joe Sanders.

Song-Cryin' for the Carolines.

Song-Blue Eyce.

24033.

Johnny Marvin (Comedian), 22302. Orchestral Make Love the King. Orchestral-I Called to Say

Good-night.

Russ Columbo and His Grch. 24195. SongThe World Laughs On. Song-Red Lips Unkissed.

Eric Bortner (Tenor). B4396. 8 p..

Local Time and Weather Report.

8-8.10 p.m. Two Ducts by Winnie Melville and Derek Oldham.

(a) Nocturno (Chopin arr. Bealey). (b) What la Doro (From Lilac

Domino Cuvillier) 8.10-10

Classical Programme. Coronation March from Prophet" (Meyerbeer).. Orchestral War March of the

Priests from Athalia" (Men- delsschm). Philharmonic Symphony Orchestra of New York. 7104,

Song Tono"I'm Fair Titania."

of Hoffmann-

"Doll Song." Quintette in F Minor (C. Franck).

Marion Talley (Soprano). 0713,

Played by Alfred Cortot and the International String Quartet. M.38. Song--Rhinegold "The Golden

Sunlight Glenmeth.” Frederich Schorr (Baritone), 6788. Beethoven's Symphony in E Flat

Major No. "Ereien"

phony Orchestra of New York.

M-115.. Daventry.

10-10.30 - p.m. A Relay from

"Memories,"

It is not thought that the crash, maize, four cents oats, eight cents was the result of Government ac- rye and five cents barley, tion, but It is known that President

Referring to the tariff truce ummoned before Mr. Schofield, Several traffic offenders ware Roosevelt desired to prevent the

They have also cancelled trading to-day, the Financial Secretary to during a Parliamentary answer rapid rise of stocks and commodi-jin weekly privileges.

at the Central Magistracy this ties, firstly because the increases

the Treasury, Mr. Hore Belisha, morning, including three' At Minneapolis similar action has said that under the terms of the

Euro- in wages have not been keeping

Duluth having resolution adopted by the Organia- pace, and secondly because produc-been taken, Mr.

Mr. J. Ring, of the P.W.D., ordered tion has been getting on

and imposed similar ing Committee of the World Was summoned for having failed which consuming power will not

limits as Chicago upon the grains Economic, Conference, the Govern- to obey a signal given by a police reach until it has been stimulated mentioned together with a 16 cents ments concerned agreed that theyficer in uniform .In Des Voeux played by the Philharmonic Sym- by wage increases and spreading mit on fluctuations in flax-seed.-would not adopt any new Road, Central, at 9am on July

tintives in the matter of tariffs G. before June 12th or during the

The defendant said that all he proceedings of the Conference, ex- could remember about the in- Winnipeg, July 20.

cept that in the case of any Incident was that he was proceeding Winnipeg has been severely hit dividual Government power, is re-in his car along Des Voeux Road A Seaside Entertainment presented by the developments in Chicago. served to withdraw at any time towards Garden Road. He saw a by Harry Hudson, The grain market was stampeded after July 31st, 1933 on giving one tram coming in the opposite direc- (This programme will be continued under heavy stop-loss orders, month's notice to that effect. tion, and also several cars which until 11 pm. If reception proves Dollar wheat vanished. December In view of the British Govern-were stationary.

satisfactory. futures were quoted at 82 cents a ment's statement which subscrib-curred to him that he was

(All records in the above European bushel-Reuter.

not Local Programmes are kindly sup- ed to that resolution, we remain through. He did not rememberplied by Messrs. S. Moutric and Co.). H.K. DOLLAR DOWN.

ed bound by its terms during any seeing the signal,

10.33 p.m. Rugby Press News. adjournment of the conference,

Mr. Schofield-Is there any Close Down. The Hongkong dollar fell a halt-unless its proceedings had been difficulty in seeing the light? hour behind due to further weak-penny to-day as a result of the fall

finnily concluded.

Inspector Alexander. It is right ness in wet inaues.

at the junction of Jackson Road $80 for-having-driven-is-a-

The Government has power to curb speculation and it is indicated that this power might be used. The Administration has ordered the members of all grain exchanges to report their excessive commitments. -United Press. Per Gold Bar Co.

BEDLAM IN CHICAGO,

Now York, July 20. Stocks crashed from four to twenty-three points with a huge turn-over. Tickers were half an

· There were Tőlent fluctuations In grain prices owing to fear of the Government's investigation of the speculation situation and also Hugh Johnson's statement that a crisis is ahead if distorted prices continued.

LORRY

DRIVER

FINED

DAIRY FARM EMPLOYEE WITHOUT A LICENSE

•

It never

00-

near Repulse

the

in silver prices in London and NewIn the flouse of Lords this eve- and Des Voeux Road. Mr. Ring dangerous manner

SOVIET TRADE. York, and the appreciation of stor-ning, members inquired regarding was driving East, and he had the Bay. ling.

the basis on which the negotia-red signal against him. Another tione for an Anglo-Russian trade car was waiting to go towards was driving round a bend, and at It was stated that defendant agreement would be conducted Jackson Road. Apparently Mr. the same time looking at the and several of their Lordships Ring had not noticed the light, and bathers. He did not notice. urged that before concluding such went straight ahead, an agreement a condition preced-:

approach of a bus from the op- Mr. Schofield imposed a fine of posite direction, and the bus had ent should be the recognition by $10. the Soviet Government of the pub-i

to stop to avoid a collision. Mr. L. R. Dixon, of Wallace He and private debts owed to Great Harper & Co., was fined $15 for Britain.

having driven la car, in May Replying on the discussion, Lord Road, which was closed to motor Londonderry sald that on the gen-traffic on July 9. eral subject of our attitude to- Mr. C. L. Sandes, Layton & Co., wards Russian trade, he could not was fined similarly for having would wipe out Russia from their Street, which was closed to traffic. agree with those who said they driven his car, down Wyndham purview and leave them to occupy Mrs. Sandes, representing de- their own position in the world. fendant, said that "there were no Detective-Inspector Chester-

DEBT ISSUE.

notlees there, and after parking the sald Woods

that yesterday

He could assure their Lordships car in Wellington Street, it was morning he was in a Police car that the negotiations with Soviet the easiest way of coming down. in Lower Albert Road near the Government would be carried out!

Inspector Alexander sald there Dairy Farm premises and saw on an equitable basis under which were notices at the bottom and another ear approaching.

trade could be developed in a top of Wyndham Street. satisfactory manner,

Wheat lost 13% to 15 cents, Corn 12 to 13, Cotton $5, Silver 200 points and Wool 400 to 500.

Bedlam existed in the Chicago pit as brokers fought to unload hundreds of thousands bushels due A milk deliverer of the Dairy to continuation of yesterday's Farm Company was lined $20 break. Wildest market ever seen by Mr. Wynne-Jones In the since October 1929. Wheat crash-Central Police Court this morning ing twenty-six cents before the for driving a lorry without of

decline was halted,

Brokers' loans were reported at $1,003,000,000, an increase of $12,- 000,000 over last week's figure of $991,000,000.-Swan, Culbertson

SEMI-PANIC.

New York, July 20. There was a semi-panic in the Chicago Whoat Pit and prices suffered the worst fall of the year, following upon yesterday's head long descont.

They plunged well below the dollar line, closing from 14 to 17 points down,

Bye fell 20 points, Maize

13

licence.

roller

Defendant, driving the heavier Negotiations would be conduct- ROLLER DRIVER FINED. of the farm lorries, without any od amicably, and equitably and he A Government motor. warning, cut into their The Inspector had to pull

path, could assure their Lordships that driver, Tang Tak, was, fined $5 for up no permanent pact would, bo mada having no appropriate licence, and very sharply to avoid what might without the settlement of the Rus-$10 for driving the roller in have been a nasty smash. falan debt-British Wireless. Wilmer Stroot, which is closed to

motor traffic.

DAY BY DAY NEWS IN BRIEF

Traffic Sergeant Brittain said that defendant turned into Wilmor

and as this particular street was very steep, the roller skidded, and atruck a Chinese.

points, cotton 72 to eighty conts, TRUTH 13 TOO SIMPLE FOR US; WEj There was a clean bill of health in Street to go into Des Voeux Road,

while the American dollar Jumped DO NOT LIKE THOSE WHO UNMASK the Colony on Wednesday, sixteen cents to 4.57. This is be- OUI ILLUSIONS.-Emerson.

A

Bear B

Mr. Wynne-Jones was a passenger Inspector Alexander said that in the bus, and could be called to givo evidence. The defendant was driving straight towards the bus, and the passengers thought that the lorry would hit the bus. round to tell a coolic, seated in Defondant stated that he turned the back of the lorry, that he had no match-stick to give him,

EXCESSIVE SPEED.

Lau Kam-wun, driver of a private car was fined $30 for having driven at ап excessive speed in Whitfield.

Traffle Sergeant. McInnis stated that defondant was doing about 30 milea an hour,

Wong Yun-chung was fined $25 for the same offence,,

It was stated that he was driv ing behind the first defendant's car, and also doing about 30 miles an hour.

HENNESSY ROAD ACCIDENT.

Nelson Leo,the driver of a private car was summoned for having failed to report an accident in Henncany Road in which ho knocked down an old man.

Whilst engaged in work on n erdina Hloved to be the result of arbitrago buying In connexion with the

coolle's actions

at Talkoe Dockyard, a labourer, Wo DANGEROUS DRIVING, British conversion offer. British vehicle in the car park opposite the Shing, had three fingers of his left

A fine of $60 and a warning dollar bonds were heavily bought, Y.M.C.A. this morning, aroused the hand crushed, and was removed to

that his licence, would be cancelled | rising senantionally and closing tried to run away but was caught

suspicions of

Traffe Sergeant McInnis said the attendants. Ho hospital.

the next time was given Siu Poy- that the old man was knocked at 121%, a rise of ning points. and given a puminelling before being

The Automobile. Association in huen, the driver of private motor down by defendant's car about London has issued an exceedingly use car who was summoned for having p.m. on July 7 near the Toxas The Stock Market again plunged released.

ful London Route Map, which can be driven in a dangerous manner in Alling station in Hennessy Road. into headlong declines, ranging from three to eleven points.ed out by Mr. Wynne-Jones this morn Coventry Street, W.1.

Four months' hard labour was mot. obtained free by motorists on request Des Voeux Road,

to the

tho A.A. Fanum House, Newy

The old man alleged that defen Some of the alcohola slumped a ing to an unemployed Chinese, who

Traffic Sergeant Brittain said dant took him in the car, and ask- further twenty points.

that defendant was driving along led him not to go to hospital or pleaded guilty to theft of a purse, The day's sales were estimated containing 60 cente, from a

Falling from a tree which he had Des Voeux. Road from East to report the matter to the police. com climbed near the Youmall Railway West at a spead between 15 and 20. At Conal Road the defendant put at 8,120,000, shares, aatting an- the act by a district watchman. injuries to his loft log, right side and going in the same direction, and his own way home. The old man

patriot. Defendant was caught in

in Station, Chinos, youth sustained miles an hour. A tramcar was the old man down, and let him find faco. He was sent to the Kowloon ahead of the tram were two rick-reported the mattor at the station, Bean to not auspiciously in Queen's Hospital for treatment. Stroot, a Chinese carrying, 'suitcase

Mshas. Defondant tried to overtake and was sent to hospital, where he constable. Ifo Chung Fu, alias Ko La-ft, 82, un-them, but finding that he would remained one week. He had s stated he was given by a man at the Yuen On Wharf: Jones this morning, charged with in front of the tram. If the dant did not report the accident It is reported from Chicago The defendant was taken to the wharf manslaughter. The hearing was driver of the tram had not put on at the station, and caused the that the Disasters, alubka Board undur lunched THE MIGHT NO im angol to flosing of the dead with the rickshan,NALESTRA ON tracing him. E

where the complainant, dewspaper iszadik az Grunsdays at din marwal the brakes, ita would have collides nolica. gedat laal of bother la of Trade have limited grain price order had apparently been riven by bour of Chinese, god? About:18 Wont Buds the driver of a lorry fluctuations for trading to eight him to carry the cadets Biggwook years, in Queen Road West on July Waring Warned that bis licenco dant to pay the old man 125 as

Mr. Scholleld-ordered defen conté a bushel wheathfire conta Imprisonment was imposed this morn7 He is ballered to

would be uncalled;""id":"var" uned - simends, and also fined him $25.

other record.

CHICAGO ACTION.

"

The selling wavo, it is feared, is was questioned by bag to carry employed appeared before Mr. Wynne./collido with tha, rickshas he cut in bad wound on, the faces Dofen-

likely to continue for a day or two at lonat.

COMMENCING SUNDAY AT THE CENTRAL. THE FUNNIEST FILM IMAGINABLE !

RALPH LYNN

JUST MY LUCK

laughter romance you'll enjoy

WITH WINIFRED SHOTTER & ROBERTSON HARE. WATCH OUT FOR IT!

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FAR EAST MOTORS

THE FAR EAST AVIATION COMPANY, LIMITED.

226

NATHAN ROAD KOWLOON Telephone 58882.

Headache

caused by overindulgence

in tobacco and alcohol

A profitable transaction!" A good report! Why should you not celebrate these events? Feeling hapy and content," and smokes, one drinks,

and the after-elicots are banished by

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a reliable and effective (BAYER

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If it's Bayor it is good

JACK HYLTON

(Continued from Page:6.). Faria br Prague permits me. - But London asks me to take a taxl or hue kaasarkanand then woh me twopence for my chairi The truth thE LO

Hbut

Endly

make tolerable -hour, 1>With #I Lond