1935-01-28 — Page 19

U.S. Financial Outlook

FORECAST OF NEW LEGISLATION

MORE LOANS IN INDUSTRY

Washington, Jan. 22. The following in the forecast of events in the American economic sphere:

SHAI MARKET REPORT

FOREIGN EXCHANGE VERY FIRM

(Special to "Talograph"}

Shanghai, Jun. 28. The Foreign Exchange Market is very firm here at 10 a.m. this morning.

The frmace is apparently dac solely to the continued tightness

of cash.

Forward rates are not material-

THE HONGKONG TELEGRAPH.

Controlling Utilities

RECOMMENDATIONS

TO U.S. SENATE

LEGISLATION SOUGHT

(Special to "Talograpb")

Washington, Jan. 26.

MONDAY,

REVOLT IN LOUISIANA

SQUARE DEALERS-

ORGANISE

RISE AGAINST SENATOR LONG

Baton Rouge, Jan. 27. Additional troops have been moved into this city where the situation has grown extremely

the tense following

uprising The Federal Trade Com-against the "autocratic" adminis Holding company, legislation will be enacted, probably against ly changed from the close of busi-mission, culminating a six year tration of Senator II. (Kingfish)

investigation of gas and electric Long, ali businesses including utilities,ness on Saturday.

utility companies, has prepared and possibly some investment |

The market was still very firma programme to correct the trusts.

alleged evils of operation of such firms, which will be paid before the Senate.

The

Federal incorporation for inter- state business will make progress but will not be enacted,

at 11.30 a.m.

Forward rates, however, aro still lagging far behind cash.

The United States dollar rate A $1,800,000,000 Public Worka bill will enacted with President for February is up 1/16 whereas Roosevelt having full discretion. cash is up 3/8 from Saturday's

Old age. pensions and unemploy.close. mont rovision.

A now R.F.C. Bill will pass with- in the week, which includes a more liberal policy on direct loans for Industry and broad powers for railroad loans possibly allowing the purchase of depreciated rati- Tond bonds by the railronds in order to save Interest,

Unified Government regulation of all commerce commissions in

The difference between cash and January rates works but at ap- proximately 29 per cent. per annum, which some banks have paid here this morning.

Bankers are very surprised that the equalisation rate remains at only 6 per cent which is the equivalent of 1/5.875 pence.

The market showed an

even

likoly. Electrical equipment, armer tendency at 12.30 p.m., but

air conditioning plumbing and

trading is without any special companies will benefit by R.F.C.feature. loans.

The Supreme Court decision on the Gold Clause Case will probably

come on February 4,

It is believed that the Economic

Security Bil, which na written,

H.M.S. FALMOUTH

would Increase the Federal debt TO RE-COMMISSION AT

by Afty per cent., will be revised.

Important changes in the banking laws are likely. A compulsory consolidation of the railroads in forecast.

SINGAPORE

armed!

has

programme which been formulated to curtall the powers of holding companies, con- sists of the following recommen- dationa:

Firstly, heavy Federal taxation of holding companies and all the profita thereof;

All State buildings are heavily guarded and patrols are constantly parading the streets.

The Leader of the "insur rectionists," who is called the President of the Square. Dealers' Association, la reported to have disappeared.-Reuter.

The Square Dealers armed them- selves with shotguns and gathered Saturday

threatening evening. violence unless Senator Long, and his political henchmen, would agree to their demands for reform. Secondly, direct statutory pro-It was later announced that they hibition of alleged utility opera- had dispersed when they were promised a hearing. Since then martial law has been declared.

tion by holding companes;

Thirdly, compulsory Federal licensing of utility holding com- panies;

Fourthly, the enactment of a Federal Formissive Incorporation Act.United Press.

Fluctuation In Currency

SHANGHAI'S REMEMBRANCE

JANUARY 28, 1985.

RADIO

NOTICE

BROADCAST Mackintosh's

A Jazz Piano Recital By Doreen Ma

Z.E.K. PROGRAMME

From Z.B.W. on a wavelength of 365 metres (846-kilocyclan) :......

5-7 pm. Hongkong Hotel Danco Orchestra.

7 p.m. Steck Quotations. 7.03-7.30 p.m. Band Music

of Wilfred Sanderson's Selection Souge.

Entry of tho Boyards-RTCH Nautical Moments (arr. Winter).

(Halvorsen, arr. Winterbottom), Swastika March (Klohr), The Champion March Medley (arr.

5. Ord lume).

7.30-8 p.m. Jazz Piano Recital by. Doreen Ma. From the Studio.

Programme 1. Be Still my Heart

2. Stardust.

3.

Love Song of the Brocza

4. Request Numbers.

5. One Fleeting hour.

.

6. A New Moon is over my

Shoulder.

7. A Medley (By request). 8. I Saw Stars.

.8 p.m. Time and Weather Report. 8.03.10.30 9.m. Chinesa Stadio Concert.

9.30 p.m. Press Bulletins, Stock and Commodity Quotations.

10.30 p.m. Press Bulletins, Stock and Commodity Quotations. 10.35 p.m. Clone Down.

Z.E.K. PROGRAMME

8.30-10

p.m. European Recorded

Music from ZEK, on a frequency of

640 k.cm.

8.30-8.66 p.M. Concert Items,

HONOUR FOR SOLDIERS Violin Solos-Waltz in A Fint Major

WHO GAVE LIVES

Shanghai, Jan. 28. All Chinese national flags are NANKING WARNINGying at half-mast to-day in the Chinese City, the International Set- tiement and the French Concesalon, TO HANKOW

in commemoration. of the third anniversary of the Shanghai trouble.

+

ILMS. Falmouth, the yacht of His Excellency the Com- The Communications Commander-in-Chief, Admiral Sir

Nanking, Jan. 27. misalon's report suggests the Frederic C. Dreyer, left port this

With reference to the Hankow

The local Kuomintang is holding regulation of telegraph companies, morning for Sarawak dying her Chamber of Commerce's petition to No final action on telephone com- paying-off pennant. She will stay the Government for relief in the memorial meeting, attended by panies is contemplated until after in Brunie Bay for a few days and situation created by the recent de-over a thousand representatives of

various organisations and schools. A comprehensive valuation study, will then proceed to Singapore preciation of Shanghai banknotes, Precautionary measures

A Bill will be introduced with where nhe will

re-commission, the Ministry of Finance to-day sent Prosident Roosevelt's support ex- detalls for the warship arriving in a message to the Hupch provincial being taken by the Shanghai and Woosung Garrison Headquarters to tending the Bankhead Cotton the southern port on board the authorities. Control Act for another year. The troopship Somersesthire.

The message stated that the fluc-prevent disturbance by radical

elements. Reuter. present N.I.R.A. Is likely to be)

tuations in currency values were extended. Swan, Culbertson and

entirely due to commercial factors. Fritz.

and warns the authorities against the unauthorised Issuance of bank- note in Hankow.-United Prena,

Soong Staying In China

POSSIBLE TALKS ON SILVER PROBLEM

Shanghai, Jan. 26. Interviewed by the Chinese Press here to-day, Mr. T. V. Soong. former Finance Minister, stated that he has no intention of leaving China.

He said that the Ministry of Finance had considered sending someone to the United States to discuss the silver problem, but he was unable to say what decision had boon reached.

The following offers will take over duty at Singapore: Surg Lieut. J. E Davenport, Llest A. G. Poe, Lieut. R. II. Maurice, and Sub, Lieut. R. A. Hunting.

IMPROVING CHINA'S

INCOME

SHANGHAI SLUMP

Shanghai, Jan. 28. With the approaching Chinese New Year annual settlement among Chinese firms and banks, the trade depression here is becoming more evident. Chinese bankers declare Jihat about fifty per cent, of the Chinese firms have failed to meet their short term loans commitments during the year. Since the begin- three ning of the winter, over hundred busincas failures have been registered in Shangbai. revenue

MORE MONEY FROM

- SALT FIELD

Nanking, Jan. 28. It is officially announced that as result of the improvement of the Chinese gubeile system, derived from this source last year showed a great increase.

An agreement has been reached between prominent Shanghai

POLICE RESERVE

ORDERS FOR CURRENT

WEEK

(Brahms),

Violin Solos-Danza Espanola (De

Falla, arr. Kreisler).

Isolde Mengca. Songs-Spring had Come ("Hinwn-

tha") (Coleridge-Taylor).

Marin Songs--Ave

("Cavalleria Rusticana) (Mascagni).

Elsie Suddaby (Soprano). Songs-I Know of Two Bright Eyea

(Clutsam). Song I'll Sing thee Songs of Araby

(Will).

Ben Davies (Tenor). Solo Wedding Day

Pianoforte

(Stravinsky).

(Grieg).

Arthur de Greef. 8.56-9.30 p.m. Petroushka Buite

1st Tableau-The Mid-Lent Fair. 2nd Tableau-Petroushka's Room. 3rd Tableau-Petroushka interrupts the Moor and the Ballerina.

4th Tableau-The Fair towards Even- ingi The Nurno- maids' Dance. 9.30 p.m. Press Bulletins, Stocks and Commodity Quotations.

9.35-9.52_p.m." Review of . Revues played by Debroy Somers Band.

9.52.10 p.m. C. B. Cochran Medley H.with C. B. Cochran (Compere) assist- ed by Janet Joye, Edward Cooper and. Ray Noble and his Orchestra.

10 p.m. Close Down.

Orders by the Hon. Mr. T King, Inspector General of Polite, state:

Chinese Company

ZEESEN PROGRAMMES

Strength. Constablo R44 Ho Chung-hong has been- permitted 40 resign from the Chinese Company, as This Evening's Broadcasts From from 12th. January, 1935.

The German Short-Wavers

Special programmes for Far Eastern Reteners will be broadcast from Zero do

Indian Company Inspection Paralo-All ranks of the Indian Con.pany will parade at Cen-

February 13th. at 17.30 hours under

follow

BOUTH ABIA ZONE

Bonth Asl Zone, broadcast treat DJB..

For instance, salt revenue in the Chinese banks and the Shantung Iral Police Station on Wednesday, (19.74 metres) and DJN (81.40 metres).

Changlo Division alone was in- Construction Bureau. whereby the bankers have consented to invest creased by well over $3,000,000,

The Chinese Gubelle Administra- $800,000 for industrial development with tion is taking steps toward improvin Shantung. Conferencea

by this the representatives of the Shantung Burenu have just further increase Construction

ended.

Mr. Soong said that he had no ing the salt fields and comment whatever to make on the means hopes to local financial situation.—United production--Central News, Prosa,

LOCAL ESTATES

GRANTS OF LETTERS OF

ADMINISTRATION

Inte

of

DAY BY DAY NEWS IN THE WORLD IS GOVERNED ONLY BY SELF-INTEREST--Schiller.

BRIEF

Attractive Chinese calendars are to hand from the Central Agency; Ltd.

At to-morrow's meeting of the The Hongkong Telograph has re- colved a sure of $5 from Mr. L. E. N. Rotary Club an address on "Progress Ryan for the Hongkong Benevolent in Modern Building Construction" will Society, in memory of the late Mr.be given by Lt. Col. M. H. Logan. J. D. Lloyd.

w

at

Sub Inspector R, J. Hunt for a gener al inspection of equipment etc. by the Company, Commander. Dress Blue Uniform, Cap with White Cover, Belt with Brace, Armlet with Badgo, "Pocket Policeman" and note- book to be carried. The Equipment Officer will make a point of being present.

Emergency Unit Reserve

On

4.43 p.m. DIU. DIN Announcement (Germ., Ensh German Folk Bong. Pre- ramme Farvenat (Gorman, Eng-

I p.m. Itelared from Frankfisrts Caneta frum Gurman Masters Bong Peclat by Blerki Oneglo.

6.30 p.m. Nawa in Ennish, 5.16 p.m. Popular Qrchamizni Muzle. 4,45 p.m. - Howa in German. 7. Convert of Light Music. 1.. Newe in English.

1.15 p.. Clea dawa, DIB, DIN (Germ..

Engli

KABT ABIA ZONE

East Anin Zone broadest through DJA on 1138 exirm, and DJN. (31:48 metros).

• y.m. DÍA, D3H Abroencomaut (Germ

Engi) Gorman Folk Song. Pro gramme Forecast (Germ. Exa))" 1.16 5,1. Helayed from Hamburg↑ Concerti

from German. Mastirs KORE Reettal by Bigrid Onegin.

LP

BAS . Nawo in English za 934 masă

In Dutch on DJN.

18 p.m. Papalay Orchestral Marie. 11 p.m. Tepical Talk.

1135 p.m. Newa la German on DJA and

DIN.

11.30 p.m. Ratio Variety Show,

19,13 mm. News in Engĺkh an ĐJA and

is Butch on DIN. 12.16. Cisas down DJA, DIN (Germa

Engl.)

Strength. The following members | have been permitted to resign from the Emergency Unit Reserve, as from dates showed against them: ---Lance Sergeant R411 M. H. Arnold, 24th. January, 1935; and Constable R433 M. Priser, 16th January, 1935.

Constable #2411 J. A. Shaw has been takcen

of the strength

tho Gregoria Tolentino,

As from Manila, who died on November 9,

To-day is the last day of the ex- Emergency Unit Roserve, left local estate valued at $9,500,

Mian tended exhibition of the works of Mr. 24th. January, 1035. Mr. Percy Comery anti

There Commendation, Lanco Sergeant letters of administration to which Evelyn Baud Judson Gulston were. F. Lee, the noted artist. have been granted to Mr. G. G. N. married at St. John's Cathedral last was a big attendance at the showing R419 A. J. Raptis is commended by Gulston, yesterday, in the premises of the the Hon. Inspector General of Polica Tinson for the use and bonent of Thursday at noon. Miss Adelaida Tolentino.

who was formerly a school-mistress Chung Sing Benevolent Society, No. for prompt and zealous action on Local estate valued at $100 was at Home, arrived here that morning 188 Des Voeux Road Central, third January 6th. 1935, in securing the were greatly arrest of a man, who was subsequently by the P. and O. steamer Rajputana. floor. The exhibita left by Hector María Remedios, of, Comery, who is well-known in admired. Mr. Lee is leaving for convicted for larceny of wooden : No. 2, Granville Road, Kowloon, Shanghal, formerly resided 23, North China en a pleasure trip. panels, stalen from houses in the This

Eastern District: who died on October 22, at St. Jansfield Road, Shanghai., Paul's

Defendu Class-Defendu instrue. Hospital. Latters

Lui Kai, aged 32, unemployed, was

months' hard tions will take place at No. 2 Police Administration have been granted Two coolies, Lo Lam, aged 29, and sentenced to three to the father, Mr. P. M. Remedios, Luk Sing, aged 31, appeared before labour by Mr. E. W. Hamilton, when Station on Friday, February 1st.

at tho Kowloon 17.20 hours. All members appeared Mr. E. W. Hamilton at the Kowloon ho of the same address,

Ho Hong-man, alias Ho Yee-kee, Magistracy this morning on a charge Magistracy this morning, on a charge quested to be present.

of stealing a Chinese long coat, two of burglary and stealing over $100 rotired merchant of Nga Yim pairs of trousers and two woollen worth of jewellery and other mis Village, Kwangtung, who died on scarves from 143 Portland Street, on cellaneous articles on January 25, September 6, 1984, left local ostate January 20 and also on a charge of from 34 Parko Street. Detective of $26,700, letters of administra- receiving. The first deferuiant plead Sergeant Allen stated that defendant tion to which have been granted ed guilty and was sentenced to two war arrested try to pawn a leather to Ho Fook-ahiu, student of 118, months' hard labour. Owing to the suitcase which he had stolen. The Jack of oyidancé against him, the complainants were Wai Yung-kong, -Wellington Street, Hongkong.

second defondant was discharged. aged 32, a merchant, Ng Lal-man, Chan Ng, aged 87, a widow, appeared aged 27, a married woman, and Leung.

Chan, aged 52, a widow. as complainant.

Chan Chan

·DRIZZLE OR MIST

of

|

The anticyclono remains over China and Manchuria, but has decreased moderately in intensity. A depression is situated to the north-west of Guam Local fore cast: N.E. winde, moderate to fresh; overcast, some drizzle or mist.

The Hongkong University Medical Socioty will give a farewell tea-party to Dr. D. K Samy on Friday, February 1, in the Unien Assembly Room of the University Union at 6 p.m. Hambers and friends are cor- dially invited.

•

"

Kwon Fo, 30, a cloth repairer, was

aged 30, married brought before Mr. Wynne-Jones in woman, was sentenced to four months' the Central Magistracy this morning, hard labour by Mr. E. W. Hamilton

at

are

re-

D. L. KINO,

D. S. P. (R).

MANILA STOCK EXCHANGE

PHILIPPINE GOLD, SHARE QUOTATIONS To-day's quotations as received

KZRM PROGRAMME

Evening Broadcast From

Manila Station

The following programme will be broadenst from Manila Brailon this evening!"

p.m. Etudo Clarion.

6:30 P. Practice Hour-Conservatory of

Male. (Continued on Page 5.)

BREATHE-IN-THE-CURE

How Respirolde Banish Coughs, Sore Throat and Colds. Most sore throats, coughs and colda could be avoided, or, at least, quickly checked at the start. One of the most effective way in by the use of Res- piroids. These lozenges act directly upon the respiratory system, and are therefore superior to fiquld remedies which are Immediately swallowed. A aromatie curative vapours are given they dissolve slowly in the mouth off which circulate through the throat, nasal passages and lungs. Cara Asked Bid Balss Volume

Respiroide are convenient for the Price Price in Po pocket, and a lozenge taken at inter Antumok Goldfields.* 0.71-,-0.70 LT1 9000 i vals forms a pleasant, permanent safe- guard. Obtainable at chemists, or Berulo Gold Mining 0.429.31 0.31 Benguet Consolidated 11.00 11.40 11.00 Stold Alver

..0.19 || 0.18 . ---

past froe, 76 cents per botulo, from the 0.80 0.78 0.80 4000 Dr. Williams Medicino Ca., 451 Spa Gold Mines

Klangse Road, Bhanghai, Itogon Mining Co. Baros Consolidatat Balneot Mining Co. United Farid Te

charged with the unlawful pawning of at the Kowloon Magistracy thle by Mesars. Swan, Culbertson and two ladies overcoats, valued at $90, morning, when she pleaded guilty to io pleaded guilty to the charge. the theft of a jacket and two pairs Fritz ahertly after the close of the Detective Sorgeant Baldwin told the of trousers, on January 27, and with morning session of the Manila Court that defondant returned the two unlawfully pawning the clothing. It Stock Exchange are as follows!

20 Pries In For pawn tickets to the con.plainant by was alleged that the complainants, post. The coata were redeemed and Kwok Choun, a married woman, and returned to their rightful owners. Kwok Chun, a widow, allowed the Defendant also stated in his letter that defendant to stop with them at 94 he had been ordered by the Govern Waosung Street, for a night, ment to have the Colony but did not when they woke up next morning the have enough money, so he pawned the bad gone. Later she was seen by one coats which had been given to him by of the complainant's daughters in the complainant to repair. He obtained Wing Lok Street and was arrested. $10 as a result of the pawning but did The defendant had three previous not use the money to leave the Colony, convictions..

and

150 150.

- 1,38 0.13

9.19 DIT

2000

0.80 ° -0,25 8. G. 4,F. Gold'there. Index 71,9, Market steady. Volume pasos 12,000. -

RESPIROIDS

BRONCHIAL, TAHU INS

WINTER

SALE

next

Thursday, Friday & Saturday

January, 31st February 1st & 2nd.“

MACKINTOSH'S LTD.

Men's Wear Specialists,

Alexandra Building.

GREAT

Des Voeux Road..

REMOVAL SALE

IN

ALL FURNISHING DEPARTMENTS

SPECIAL BARGAINS

IN

FURNITURE SUITES AND FABRICS.

SALE COMMENCES MONDAY, JANUARY 28th.

ARTS & CRAFTS

"Greetings

· +ill wo

meet in

BABES

TOYLAND"

4A, DES VOEUX ROAD.

Fireside

Comfort

Warmth at will- from breakfast time

to

bed-time with

GAS FIRES.

Fixed for FIVE, DOLLARS. Annual rental FIVE DOLLARS.

HONG KONG G CHINA GAS CO., LTD. West Point, Gloucester Bldg. 246, Nathan Rd..

YOU CAN 'PHONE YOUR ORDER

*. Dial 28181.

WHEN AT HOME

Hongkong Telegraph.

MAY BE PURCHASED

AT

SELFRIDGE'S