1935-04-15 — Page 1

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in' *

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* Law Water:

FIRST EDITION

The

Supreme

Hongkong Telegraph.

FOUNDED 1681

No. 126

一拜禮 號五十月四英港香

MONDAY, APRIL 15, 1935.

WORLD APPLAUDS STRESA TALKS

PARIS FEELS DARK CLOUD REMOVED

EVEN BERLIN ADMITS PROGRESS MADE

London, April 14.

General satisfaction with the results of the Stresa Conference is expressed from the principal world, capitals.

In Paris it is said that a dark cloud has been re- moved. There was a general feeling there that the British attitude was the embodiment of weakness. The British support of French, contentions at Stresa has altered that belief.

Vienna views the agreement in connection with

BETANGLE CUFC 15 CENTS

H.M.S. Renown returns to Portsmouth for repairs, after colliding with H.M.S. Hood during manosurres when she received damage which at one time threatened to keep her out of commiselon until after the Jubilee revlew in July.

the preserving of the integrity of Austria, and the U.S. Rubber

prospect of the Rome conference, as the chief successes of the Stresa talks. The Rome parley, especially, is regarded as an important step towards reaching an. agreement with and among the Danubian countries.

In Budapest, on inspired article

in Pesterlloyd Bays Hungry will ad- here.to the Dunubian Pact only as

a partner with full equality rights, Including military rights,

com-

Borlin the Stresu In munique's reference to the main- tenance of peace by producing n in feeling of security, is taken official circles as showing the existence of some slight apprecia- tion of the very primitive German security demands.

com-

The Nazi papers are inclined to hail the results as a victory for Germany. Part V of the munique is regarded as the equiva lont of recognition of the accom plished fact of Germany's rearmil

ment on the land and in the air. But they add that the conference failed on principle" to fellow the way to peace shown by Adolf

EASTERN EUROPEAN PARLEYS

STATESMEN MEET AT GENEVA

FRENCH LEAD FOLLOWED

Geneva, April-14.

A significant Kathering

of

Strike Now

Impossible

LABOUR RATIFIES

AGREEMENT

AVERTED LAST MINUTE

Akron, April 14.

EXPLORES HIGHER SKYWAYS

L

WILEY POST ON LONG FLIGHT

FORCED DOWN HALF WAY

Los Angeles, April 14. Wiley Post, during American

altitudes.

Protecting

Hongkong's Investors

"BEARS" CONTINUE

PRESSURE

RESTORING CONFIDENCE

We have received the following letter for publication;

mention

PER ANNUM

DUNLOP Fort

In a class by itself

(DUNLOP FORT

MANY KILLED IN

MOB CLASHES

ELEVEN DIE IN FIRE AT FOROZABAD

POLICE USE GUNS TO DISPERSE CROWDS

New Delhi, April 14.

There have been horrible scenes at Forozabad and elsewhere during the rioting to-day. Many have been killed.

Eleven persons were burned to death, amongst them three children, when a furious mob set fire to the home of a doctor.

+

This act of terrorism was an outgrowth. of the fierce fighting which had broken out between Moslem and Hindu crowds. Police were finally forced to open. fire on the rioters after two of their number had been injured and several civilians slain.-Reuter.

NEW YORK MARKET STONGER

COTTON UP DOLLAR A BALE

BULLISH PROSPECT

New York, Apr. 14.

New Delh! April 14.

Ono Moslem and one Hindu Iwere killed and forty-two members of both communities were injured in a communal riot at Forozabad, the Agra District, to-day.

A Hindu was killed and thiriy- five were injured in the street fighting before the police were compelled to are about thirty rounds killing a Mosler and wounding seven more rioters.

Order Was quickly restored once the police guns had rapped out their warning-Router.

POLICE DESPATCHED

Bhaunagar, April 14.

The threatened strike of the rubber workers in the Goodyear,

Sir, Recently much Goodrich and Firestone plants, Indian aviator, took off from here has been made in the Press of which would have tied up one of in his plane, the Winnie Mae, at tactics adopted by "Bears" operat the largest and most prosperous 5.27 m., Pacific Standard Time, ing in the local share market.

Six persons are reported to have To some interested, the state- industries in the United States for a second stratosphere flight.

On the New York Cotton Ex-been killed and many more were has been averted at the eleventh

Ile in attempting to cover the ments attributed to a City Man. hour.

2,447 miles between here and published in your valuable-paper change, yesterday prices were up-injured in communal rioting. at were despatched from hers tor The Federation of Labour's New York in a single hop, flying of April 10, stand out as most ward almost a dollar a bale due to Balad last night and armed police presentatives fo-day ratifiet the

reasoned comments.

will shortly announces loan on the agreement reached by Federationut high speed through the rarer constructive.-moderate-and-well-the-belief-that-tha Administration subdue-the-disturbances, Roptur,

This gentleman, in common with 3995 crop. officials and employers some time

On his last attempt, although he others, however, does not seem to ago.

In addition the market was in- to reach New York, the have stressed what is a very im Miss Frances Perkins, Secretary failed

fluenced by unfavourable weather been active in speed he maintained as far as he portant point, namely, that to for Labour hus

indicate obtain went was sufficient to

the maximum mdesired reports and hedging on inliationary

sentiment. bringing about an agreement.

from the rula recently The Federation was opposing the that a record for the trans-con-results

was well within passed, whereby brokers are re off well in the Stresa. compromise The guests included M. Maxim

quired to furnish the numbers of Litvinolf, Russian Foreign Com-company anions and had intended timental fight missar, the Russian Ambassador to forge their abandonment by his reach.

(1) Continued good automobile He expects to fly at an altitude the shares in forward sales con ho fa converted to peace, but that to Rome, and the Soviet Under declaring

the League of promise, apparently leaves the of 33.000 feet and should rench tracts, it is imperative that such

company unions intact. Reuter. New York in auven or eight hours rule must not be too hastily re-production, which is regarded as A murkedly Improved trading in- time, instead of the usual eighteen pealed, but at least kept operative the best since April 1930, and (2) until confidence has been restored.

terest.

Hitler.

The New York Times says the prestige of the League and the sanctity of treaties has not come

with German rearmament. Hitler's pence pledge does tiel mean that

the

representatives of Eastern Euro- pean slates, the Balkan Entente and Russia, met around

incheon table of M. Titulescu, the Rumanian Foreign Minister, to- day.

h is not ready to fight. Stresa, Secretary to. however, is a gain for peace, if it Nations. is only a respite.-Reuter.

RELIEF FOR U.S. FARMER

►

NEW PROGRAMMES IN PREPARATION

pro-

It is believed the luncheon party discussed all the questions arising out of the French appeal to the League of Nations with respect to Germany's violation of the Ver- salles treaty, the decisions of the Stresa Conference and the forth- coming parley at Rome,

*

com- strike. The

RED MENACE- LESSENED

LITTLE DANGER TO KWANGSI NOW

Wuchow, April 15.

hours.

Reuter.

Further, the period of enforce- After taking off. Post dropped ment must cover well over the his landing gear and will have time when the last contract of to rely upon a skid' in landing to forward sales made prior to the anve himself from a crack-up, passing of the rule has been liquidated. The Rule, as far as I am aware, not retrospective, and the "Bour", finding that it still pays him to depress the market, does so. Pressure will only be relieved when he sees there is no further hammering,

The favourable factors ruling in the ninrket at present are:

DOLLAR RISES A FARTHING

29. 28. MARK NOW REACHED

A further rise of a farthing in the oficial rate of the Hongkong dollar was registered en openl this morning, the quotation bet 28. 24. The market is quite steadi with the business rates about 24 2.6/16d, sellers and 25. 28/8. buyers.

Unfavourable factors include: (1) The decline in steel produc- tion; (2) The severe dust storms in some centres, which is likely to curtail the retail trade of the farm FORCED DOWN

Shanghai is also steady. The districts: (3) The tendency of M. Litvinoff also held conversa.

traders to withhold from making opening rate was 1s. 7.5/16d., ani tions with Dr. Benes, the Czecho-

Lafayette, April 11. dis-

railroad commitments pending the later there was an advance to 15. Slovakian diplomat. They cussed a mutual assistance pact

Wiley Post has been forced

Supreme Court's ruling in the Rall-7.7/168. road pension case. alang lines similar to that arranged

The Hongkong-Shanghai croa The Red menace to Kwangs! is down at the Purdue University point in Washington, Apell 14. between France and Russia.

Prices were upward on the New rate was 136.3/8 opening, but

New radical form relief pro-

Czecho-Slovakia all along has not regarded as seriously as was airport owing to the clutch in one Hence, there is a possibility that

making rates stondier will not York Stock Exchange yesterday. business was done later at 134. grammes are appearing, involving followed the French lead with previously reported, in view of the jof his super-chargers having been the measure taken with a view to

Later,

bear fruit until some months have led by utility Issues and mining

shares.

Silver In London was unchangi the expenditure of $10,000,000,000 regard to relations with Russia fact the defeated Reds in Kwol-stripped-Reuter,

chow are moving westward, obvi and Rumania and Yugo-Slavia are

Post claims to have flown from elapsed,

for apot on Saturday, but the for- ously with the abject of reaching the

The opportunity is taken here to

Bullish business predictions, toward quotation declined 1/16th-~ The purpose of these

Yunnan border by more or less the Los Angeles at an altitude of

A continuation of There was general buying and grammes is apparently headed to the same mind.

M. Laval, the French Forelan

continuance of the Rule now in optimistic sentiment aided by the selling, and the market was 'stead. wards the discarding of the Burdick Bill for the cancellation Minister, arrived here during the same route along which they made 33,000 feet and at a speed 300 Issue a warning that an early disgether with

force may cause such a renetion | strength of allver, despite the fact from their first march to Yunnan some miles per hour--Reuter. of the evening, courde

as will plunge the market deeper that the New York silver price was from time ago. of farm debts and the Frazier

into the mire than before that | unchanged, gave the market a mark- Lemke Bill for the rebouncing of Stress, having travelled

Brigue with the Turkish Foreign

measure was introduced,

ed upward toldency... Minister, who is President of the It is therefore expected that the League Council. They had a long present Congress will ultimately private taik-Reuter, enact some of the conservative farm rollef programme which does not Involve inflation polentialitics.

Such.

programme, A thought, will include chiefly the extension of the Agricultural Ad- justment Administration, the

farm' debts.

It is

Farm Credit Administration and the Bankhead Act-United Press.

WHEAT PRICES

ADVANCE

CHICAGO MARKET

STRONGER

Chicago, April 14.

RESTRICTING EXPORTS

BELGIUM: FIXING HER PRICES

Washington, April 14,

In order to prevent Belgian producers flooding the American market with low-priced goods, following the devaluation of the beign. the Belgian Government' will suporviso exports by means

According to reports given by Kwangsi army planes from their observation of the Red movement

in Kwelehow, the Red Food Soong Requests

the Reds is taking up its position at Changchal and Chinning, which are a considerable distance from the Kwangal border.

As

precautionary measure, however, units of the 6th Division, under the command of Generäť) Li Chin-liang, are being despatch- ed to Chingyuen from Liuchow to relaforce the defonce position there.--Central Newa.

POLICIES DIFFER

Washington, Apr.-14.-

Banks' Aid

SILVER HOLDINGS MUST BE KEPT

Shanghai, April 15,

AN OBSERVER.

SVEN HEDIN GOES HOME

SATISFIED WITH WORK IN CHINA It is learned in financial circles! that at an informal meeting withi

Berlin, April 14. a number of foreign bankers

The famous Swedish explorer, yesterday Mr. T. V. Soong ex- Dr. Svon Hedin, arrived here to- then the difficulties day from the Far East and; was plained to created in China by the American met by Swedish and Chinese mom- juliver policy and urged co bers of the diplomatic corps.

Chinese aporation with the

Dr. Hedin declared that he was

It is bellaved by some observers Government is meeting and pas very well satisfied with the results

of price-fixing and export licencon, hore, that the Administration's Ing the crisis.

of his exploration of the interior

Bond issues and stocks on the Curb Exchange were also stronger, -United: Presa.

COTTON PROGRAMME

Atlanta, Apr. 14,

SHANGHAI STRONG

Shanghai, April. 15.

The foreign exchange market vory strong hora this morning..

Tho strength is attributed to the foreign bankers having hold; a conference with Mr. T. V. Soonя and giving assurance to the Government that they will not In a speech here to-day, Mrship silver, and also that they will lienty Wallace, the Secretary of Agriculture said: "If the cotton aividual shipping.

co-operate in discouraging in- programme goes by the board,} then the corn, wheat, tobacco and In addition, the market other commodity programmes will strengthened by Dr. H. H. Kung's. way."-United statement to the Press that no Immediate monetary action is planned and that the Government. is continuing to rely on the Ex. port Tax.

Later.

follow the Press.

same

REDEMPTION

OF BONDS

Washington, Apr. 14. so the Belgian Ambassador told omnibus Banking Bill, including Mr. Soong attached importance of China on behalf of the Nanking

to maintaining Mr. Cordell Hull, Secretary of Government control of the Federal

prosent sliver Government.

He left, for Stockholm almost at

The United States Treasury Reserve, may, bo jeopardised owing. Wheat prices were upward here State, to-day.

Under these regulations the to the growing differences arising holdings in Shanghal, and not to

further outflow of silver Dr.

oncent Yesterday due to additional re-

was recently decorat has called for redemption Fourth between Treasury officials and the allowa forts from the south-west of dust shipments of Belgium's chief ex

A number of Chinese bankers ed by the Nanking Government Liberty 4-1/4% Bonds to the value torms and damage to the crops.-ports to the United States, namely heads of saveral emergency credit

market advanced despite cotton, woollen ruge, cement agencies, together with the are reporter to have participated for the valuable explorations he of $1,250,000,000, the redemption Jakyy proût-taking.,

bricks, table were and crushed Governor of the Federal Reserve in the meeting, but the results of had carried out in the fatorior, of which will retire the last of Operations were mostly, pro- stone, will be limited forthwith to Board, Mr. Marriner 8. Eccles, who the parley are not divulged with view to the extension of the Liberty Bonds leaued during

China's highway system-Reuter. the Great War-Reuter “United Press

"reasonable amounts, Router devoure the Bill-United Press. Central News

The foreign exchange market continues strong but is very, orra- tic, with exchango ratos fluctüas ting rapidly. At 10.10 a.m. there were a fow buyers. Quotations

U.S. dollars 394

Sterling 18:27:7/100.92 Gold Bars: 3880.80.

United Press