1935-04-26 — Page 19

THE HONGKONG

TELEGRAPH. FRIDAY, APRIL 26, 1985.

LOCAL DOLLAR RISES STEADILY

CROYDON

GOLD

THEFT

FURTHER ADVANCES THREE MEN ON

IN PROSPECT

SHANGHAI REACTS TO

SILVER REPORTS

itty

TRIAL

AGED SUSPECT DISCHARGED

(Special to "Telegraph”)

Telegraph, Copyright. Telegraphis MempesOrdinanes, 1491.. Received, April 20, .30 .m.)

Loudon, April 25.

There was a sensational advance of 14d. in the sterling rate of the Hongkong dollar this morning. The trial of three mon charged bringing the official quotation to 29. 5d. Since Mon-with breaking into the "bullion day, the dollar has risen 3d., and there are prospects off a quantity of bar gold and room" at Croydon and earrying

-of-a-still-further advanceme

To-day's rate of the dollar is the highest seen since 1924, in which year the quotation rose to 28. 5gd. Leaving out 1924, we have to go back to 1922 to dis- cover a rate of 2s; 5d.

The market locally was very strong on opening, the business rate being 2s. 6d. sellers, with buyers holding off,

The local riso of the dollar fol-;

lowa an advance of 2.1/16d. in

-valued at £21;000;~wanj

at Croydon to-day. The three accused are: Cecil Swanland, 47, an artist; Silvio Mazzarda, 98, commission agent;

John O'Brien, 74, dealer.. The men are alleged to have secured keys and to have eluded

a guard at the aerodrome, break- ing into the bullion room and wheeling the gold, stored for ship- ment by plane, to fl walting automobile in which made

silver prices in London, making U.S. Minister the escape. This happened of

the spot quotation 34.7/8d., which

is the highest point touched since

October, 1924.

The sharp London adrance was due to renewed speculative -buy- Ing. The market closed uncertain.

Later,

WIS

Just before tiffin, there considerable Chinese buying, with the result that the business rate declined to 28. 6%d., bat sub. sequently Bombay silver came through 2 rupees 13 annas higher, and the market again became firm. SHANGHAI Market

Denounced

COTTON INDUSTRY UP IN ARMS

."

(Special to Telegraph:"}

the morning of March 19, I je alleged.

Tho chlef witness is a taxl driver, who drove four men from North London to a point near the Croydon aerodrome early in the morning of March 19.

This witness now declares that The does not remember whether he told police that he recognised O'Brien as one of the four men who drove in his ear that morning.

-Senator-Wa-E-Berity, who may be nominated, on the Republican ticket, in the next U. 5. Presidential

⚫lection..

Quarrels With Royal Academy

STANLEY STENCER

RESIGNS

PICTURES REFUSED

(Special to "Telegraph")

(Ry Telegraph, Copricki. Telegraphio Merge Ordinance, 1895. Roveived. Aprü rc, .34 .. that it

Augusta, Ga., April 25. Bitter denunciation of the cotton processing tax, coupled with the the prosecution decided Shanghai, April 20. Rates are nominal on the For-demand for the resignation of Mr. eight Exchange Market at 9.30 am.

to-day,

U. S. dollars are 40'3/8, Sterling 1/8 1/16 and Gold Bars $775,60.

The Foreign Exchange was strong at the opening but turned uncertain on the report that the U.S. Treasury would not increase the sliver price to-day.

After this the market firmed again sharply due to Chinese Banks selling. U. S. dollars were 40 3/4, Sterling 1/8 1/4, and Gold Burs $774.30.---Buited Press.

The Foreign Exchange Market was very strong at 10.40 am. 'There are no buyers of exchange.

Sassoon's interests and ther Manufacturera Bank are offering to sell heavily.

U.S. dollars are now 41, Sterling, 1/8 8/8, and Gold Bars $777.30.- United Preue.

War Against China Eggs

SERIOUS CHARGES

PENDING

London, Apr. 25. Sensational revelations regard- ing the importation to Brituin of 700,000,000 liquid Chinese eggs "produced under loathsome condi- tions," will be made at a meeting of the National Poultry Council next Tuesday at Southport, says! the special correspondent of the Daily Herald.

Henry C. Wallace. Secretary of Agriculture, were heard at the opening of the American Cotton Manufacturers' Association vention to-day,

con-

The President of the Associn- tion, Mr. William D. Anderson, charged that Mr. Wallace was plainly Incking in business judg ment and the ordinary knowledge of business, as well as in common sense-Beuter Special.

CHICAGO WHEAT

DECLINE

ROSENBAUM UNLOADS BIG HOLDINGS

Chicago, April 25.

As the taxi driver's evidence pollee could put their hands on against O'Brien was the only thing

was not safe to ask a jury to con- vlet him. The jury consequently found him not guilty and he was discharged.

The trial of the other two men is continuing-Reuter Specint

SILVER

EXPECTED

TO GO HIGHER

(Continued from Page 1) $1.29 or until the Treasury's silver stocks reach one-third of the value of the gold stocks-United

Press.

CO-OPERATION URGED

Tokyo, April 25.

In view of the United States

conference -or

London, April_25.

the art world of London by the A sensation has been created in action of Mr. Stanley Stencer, well-known painter, in resigning from his associato membership in the Royal Academy.

Ho is offended because tho Council refused to hang two of five pictures he sent for this year's exhibition, namely: "St. Francis and Birds," and "The Lovers."

Mr. Stencer maintains that as he is an associato member of the Academy he le entitled to have all his pictures hung without ques- tion. Ile is specially annoyed by the Council statement that its members did not think the works which they declined to hang were of advantage to the artist's reputa- tion, or to the Inf sence of the Academy,

Sir William Llewellyn, Presi-] It is unofficially reported that silver price increase it is expected dent of the Academy, says the holdings of the Rosenbaum Grain that the financial and

pictures were monetary

rejected under a Corporation, amounting to four experts here may reconsider their rule of which Mr. Stencer must be million bushols, were to-day opinions which they expressed at

awaru bocausa it is often exerelsed. liquidated-within-half-an-hour of a round-table-

--Reuter Special. the Chicago Board of Trade re-Wednesday last. opening, causing only a slight re- At this conference it was agreed cossion in wheat prices.

that China's silver situation could be easily settled if the Chinese Government would co-operate with the Chinese and foreign banks

Further it is reported that some of the Rosenbaum holdings were short-side commitments, which necessitated buying. United | more fully. Press,"

FRENCH WAR VETERANS

LAY WREATHS IN LONDON

He states that Chinese eggs wil! be the subject if n special report

London, Apr. 26. based upon an Impartial investiga- tion carried

ex- out by leading Several hundred French

members of the analysts, "the results of which are Service men, appalling."

One sample was found to contain 1,500,000 living microbes per cubic centimetre.

Reuter.

The deputation afterwards lald

DAY BY DAY NEWS IN BRIEF

THE MISERABLE HATH NO OTHER

MEDICINE BUT ONLY HOPE Shakee

However, It was agreed by all the experts that the failure of all concerned in the monetary situa tion to co-operate would be bound to be followed by chaos-United

Ресив

INCREASE TO.MORROW?

Washington, April 25, Mr. Henry Morgenthau has announced that the Treasury will not increase the price of domestic silver to-day.

this

Sales amounted to only 170,000 ounces due to the very close restriction of offerings in anti cipation of higher prices.-United

DAUGHTER TO FRENCHAMS

RADIO BROADCAST

Gramophone Recital By Rev. C. B. R. Sargent

DANCE MUSIC ITEMS

From ZUW on a wavelength, of 350 metres (845 kilocycles);

- 4-7 p.m. Chinose Programme,

7-11 p.m. European Programme. 7 p.m. Closing Local Stock Quo- tations,

7.03.7.30 p.m. Band Selections. Ruy Blas Overture (Mendelssohn). Tancredi Overture. (Rossini). Song of the Bravo-March

(Bidgood),

The Mill on the Rock Overture

(Reissiger).

Songs of Wales,

7.30-7.43 p.m. Four Songs by Percy Ieming Baritone).

1.

Crown of the Year (Easthope

Martin).

a. Hetheld Bella (Easthofartin).

3. Of to Philadelphin (Jaynes). 4. Chorus Gentlemen (Lohr). 7.43-8 p.m. The J. H. Squire Celéste Octet.

Traunierel (for Strings only),

(Schamann).

Love's Dream after the Ball

(arr. Willoughby).

Echoes of the Ball (Willoughby). Andante in G (Batiste).

Narelaana (Novia).

8 p.m. Time and Weather Report. 8.03-0 pm. Variety.

Plano Sotos-Der Fledermaus→→→

Selection.

Ralo da Costa. Vocal The Little Dutch Mill. Vocal Over Somebody else's

shoulder.

Derickson and Brown. Instrumental-Lonesome without

my baby. Instrumental-Lion Rag.

Masters' Hawàijana. Vorn Ducts-Ellalino Terriss and

Seymour Hicks Medley, Instrumental The Blue Danube. Song Just by your, example

("Evergreen").·

Jessie Matthewn (Soprano), Band-Where the mountains meet

the Sea:

Songs In your arms to-night.

Songs Love, forever I adore you. Organ Solo-In a Bird Store.

Ronald Murgatroyd (Tenor).

Terence Casey. Band-Irving Berlin Waltz Songs

Medley.

Debroy Somers Band. 9.9.45 pm. From the Studio. A 37th. Recital of Gramophone

Records by the Rev. C. B. It. Sargent. Fritz Kreisler.

9.45-10 p.m. A Violin Recital by

1. Rondino (On a theme by

Beethoven) (Krelaler).

2.

1.

4.

Fair Rosemary (Schon

Rosmarin) (Kreisler). Liebeslied (Love's Sorrow)

(Kreisler). Liebesfreud (Love's Joy)

(Kreisler),

10 p.m. Reuter Press Bulletins. 10.85-11 pm. Dance Music. 10.30 p.m.

Rugby Mid-day Press Close Down.

News.

TI p.m.

VOICES HEARD AROUND WORLD

NEW YORK TALKS TO ITSELF

New York, April 26. A telephone conversation for the first time in history encircled the globe to-day.

Shanghai, April 26, Mrs. Frencham, who, with her husband, was a captive of Reds for some weeks and until recently The President of the American believed to have been murdered, Telephone Company, seated with gave birth to a daughter in Han-others in one office in New York, chung, Shengl, to-day-Reuter.

tion that the United States will be flooded with silver-United Press.

י

Bur-

Deso

rang the Vice-President in another ollico in the same city and the call was transmitted over trans-Atian. tie telephone lines to London, thence by cable to Amsterdam, by radio to Java and San Fran cisco and so back to New York.

The call and conversation travelled a total distance of 23,000 miles and reception and instantaneous. Reuter.

was perfect

CAMPBELL WILL

RACE MIDGET

TESTING LATEST "BABY" RACER

MEXICAN REACTION

Mexico City, Apr. 25. The increased price of United He declined to make any com- Union Federalo des Anciens Com- battants, who were welcomed and ment on the possibility of action States domestle silver has

direction to-morrow.prised financial and governmental entertained by the British Legion in during a short visit to London, this United Press.

circles here who had apparently expected a much smaller advance. The correspondent adds that the morning marched to the Cenotaph

MONTREAL MARKET

Government circles are consider. Scintife Poultry Breeders. Associa- in Whitehall and laid a wreath

Ing the possibility of the rise tion will move a resolution

at there

Montreal, April 25. Southport declaring that the con-

Teventually bringing the value of Sliver futures. advanced to the the peso above the currency value. tinued importation of Chinese eggs a wreath on the grave of the Un-three cent mit with the exception This, they say, will be conducive is a menace to the public health known Warrior in Westminster of April delivery, which is regard to succulators melting the

| Abbey.British Wireleas.

ed as "apot, upon which therefore and selling bullion... there is no limit, and which reach- Officials did not voice any opin- ed 77.25 cents, which is 525 points fon as to any measure which may above the previous close.

London, April 26. be taken to meet such an even- tanlity.

Sir Malcolm Campbell, whe re- cently established a new land Similarly the Bank of Mexico is speed record with his enormous reticent as to what measures will Blue Bird car, will drive a new be taken to avoid monetary "Mystery baby car at Brook troubles, but in many quarters it lands on Jubileo Day, May 6. The is regarded as a practical certainty car la one of the new M.G. single- that Government will introduce a seator

racers, which, although lower exchange rate with the US. nominally of seven horse-power, dollar-United Press.

develops 110 horse power at 6,500 TAX REPEAL URGED

revolutions per minute, and is be Washington, Apr, 25, loved capable of 130 miles per Expressing satisfaction with the hour. It represents a big advance rise in silver and predicting that in racing design.—British Wire. Deserted by friend who asked Observera have drawn atten- prices will reach $1.29 an ounce at (less. him to

come to Hongkong from tion to the fact that the Treasury an early date, Senator McCarran Malays some two months ago, Mamat, needs over a billion ounces to said: “If that price is reached, the nged 38, unemployed, found himself reach one-third of the value of ricxt thing le to repeat the 50 por Two Chinese carpentors who as stranded in the Colony, This morn- saulted an apprentice with a piece of ing he was brought before Mr. Mac. gold stocks.

cent. tax on silver profits and give the American silver market a wood becauso he did not do certain fadyen at the Central Magistracy on

The Silver Bloc are very work properly, were fined $25, or one a charge of vagrancy and, was com- enthusiastic and have predicted chance."--Reuter,

SILVER PRODUCTION month sach, and ordered to pay 85mitted to the House of Detention. the remonetisation of silver at a compensation by the Kowloon Magis Sub-Inspector Nolloth sald defendant ratio of sixteen to one with gold trate, Mr. Wynne-Jones, this morn was arrested in Hollywood Road near within a year.

peare.

Sentence of 12 months' hard labour was passed upon Li. Kau, sed 29, un employed, when, brought before Mr. Macfadyen at the Central Magistracy Press. this morning, he pleaded gulity to a charge of returning from banishmont, Flattery said Acting Bub-Inspector

Six months hard labour was im

16 TO RATIO? posed on Wat Plu, 27, unemployed, at the Kowloon Police Court this monthis was the third time defondant had

Washington, Apr. 25. ing when he admitted stealing a letter returned from banishment. dle was

Explaining his statement that from 178 Yu Chow Street and an- banished for a period of ten years in the Treasury's allver purchases other letter from 227 Ki Lung Street, June, 1927. Dofendant alleged he will continue, Mr. Henry Morgen- Shamshulpo district. Dotective In- was only passing through the Colony thau to-day said, "We are operat spector Poyntz stated that defendant on his way to Chekwan.

ing under a mandate by Con- intended using the letters to obtain

gruss." goods. He was arrested in the street. The letters were stolen from lotter boxes in the stairways, t

New York, Apr. 25. The Bureau of Metal Statistica report world silver production for

ing Detectivo-Inspector Poyntz said the Contral Police Station. He ar- Senator Burton K. Wheeler said the boy complained to a Chinese'ser rived in Hongkong two months ago; that he does not doubt that the March as 15,940,000 ounces.. geant major and he was sont to the he had been asked to come liore by price will exceed $1.29. He said 9.0.A. who ordered that the defon- friend, who deserted him on his

Of this total 2,950,000 ounces danta be charged. The boy express arrival. At one time defendant was that the very fact that silver was wore from the United States, od a wish to return to his father in employed at a rubber plantation in the still difficult to obtain despite the 966,000 from Canada and 6,500,000 Canton.

high price had refuted the conten-ounces from Mexico.United Press.

Malay states.

MISS BATTEN

IN ROME

ENGINE TROUBLE- CAUSES DELAY

Rome, April 25, Miss Joan 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

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JUST ARRIVED

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A small consignment of the famous PERTRIX Non- Salamoniac dry cell batteries. This patented construction is proved to be the only means of preventing corrosion of the metal cups, and the PERTRIX dry cell will therefore retain its power and recuperative powers in the humidity of the China climate.

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