1937-02-27 — Page 5

NEW YORK MARKET STRONGER

UNCERTAINTY OVER UTILITIES

New York, Feb, 20. Despite continued caution, Chie entire list was higher on the New York Stock Exchange to-day.

Mercantile issues strengthened on trade reports and others were heartened by the further advance In

automobile

AIRSHIP SERVICE TO EAST

FORESHADOWED BY ZEPPELIN EXPERT

Berlin, Feb. 20.

The opening of airship traffle from Europe in India and the Far East is foreshadowed by Captala Leh-

mann, the trans-Atlantic airship' commander.

steel scrap prices, improved carload technical and economie conditions for Captain Lehmann sny's the ings. and also increased

and wholesale and retall By 1939, Germany will have four Auch flights can be satisfactorily met. production trade improve

improvements. The

Influences were modern airships, and higher speeds, the continued labour difficulties, dull greater comfort and cheaper and nervous commodity exchanges can be expected. Reuter Special. and uncertainty over uúlities.

The Bond market was irregularly higher, with U.S. Government issues

lower,

while Issues on the Curb

Exchange were irregular.

Industrials

Rails

Dow-Jones Averages.

Feb. 25 Feb, 20 Change 180,08 187.17 Up 49 '57.43 57.81 Up 38 34.00 34.02 OIT. .04 103.06 104.00 Up .04 Volume:--1,780,000 shares.

Unlities

Bonda

Fast Trains For London Glasgow Run

LONGEST NON-STOP

SERVICE

London, Feb. 26. New high-speed express train ser- vices between London and Glasgow are shortly to be Introduced by the London and Midland Railway.

The journey to Scotland, covering 4011⁄2 miles, wit be performed in six and a half hours. The only stop- plng place will be Carlisle,

The Journey will be the longest non-stop run in the world. The on- gines employed will be of the stream- lined type.Reuter,

Pope Pius Continues To Improve

fores

Vatican City, Feb. 25.

His Holiness the Pope to-day enters in, the thirteenth week of his after times when his life was despair.

ness, with high hopes of recovery,

ed of. The recent Improvement in his condition has been maintained.

His Holiness spends most of his day in the audience room and takes daily walk around the apartment, sometimes alone, sometimes on the walk with a stick,

arm of a secretary.

He refuses to

THE HONGKONG TELEGRAPH. SATURDAY, FEBRUARY 27, 1937.

FOUR POWERS FILIPINOS

WILL GUARD

SPAIN COAST

Russia

and Portugal

Dodge Responsibility

London, Feb. 26.

It is understood that putting into force by the United Kingdom of the Naval Supervision plan, under discussion by organs of the International Committee for application of an agreement regarding non-intervention in the Spanish Civil War, would require legislation. It will be necessary to impose a legal obligation on vessels proceeding under the British Flag to Spain to conform with the procedure contemplated in such matters, to call at ports specified in the plan for the purpose of picking up the International Committee's supervisors and to subject to interrogation by the naval patrols of powers, acting on behalf of the Committee..

GREET QUEZON

DICTATORSHIP PLAN FLATLY DENIED

WASHINGTON.

WELCOME

Washington, Feb. 26. President Quezon arrived here shortly before lunch and was greeted by a large gathering of officials as well as the entire Filipino community. There was a striking display of United States and Philippines Common-

wealth Dags.

On arriving at the White House, President Quezon was entertained to luncheon by President Roosevelt, after which he issued a statement,

saying, "I have come to report to the President on conditions in the Philip pines, as required by the Independ ence Act. expect to discuss the question of the future of the Islands when the appropriate time comes, but that

will be in a preliminary way." Subsequently, speaking of his dis- cussions with President Roosevelt,

President Quezon said: I reported to the President on conditions prevailing in the Philippines, as provided by the Tydings-McDuffle Act. 1 said Anan- very good and that the Common- cial and economic conditions were

Budget surplus of 15,000,000 pesos." wealth was running efficiently, with

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NO DICTATORSHIP President Quezon repudiated the published suggestions that he was Establishing a legal dictatorship. "I believe democracy," he said. believe in the ordinary man and the wisdom and reaction of the masses. lowever. It is true also that I be accordance with the Constitution that WILL SUIT

lieve in JL strong Government in

has given life to the Government."

According to the decision reached, by the On warm days he walks a little International Committee of February 19, supervision is on his balcony, in the 'sun.-Reuter Bulletin Service.

to become into operation next Saturday, and therefore during the next week, as soon as the scheme is finally approved by the Committee, the British Government will introduce necessary legislation and provide Parliamen-I think that in ten years we catt train tary time for its passage into law.

NEUTRALITY RESPECTED

HITLER'S

PROMISE TO SWITZERLAND

Berne, Feb. 26.

the area

Referring to the defence plan, he

said this would be adequate, adding,

and equip 400,000 men. We are not organising a great professional Army. Our Regular Army will be no more than 10,000. We are training the

The Chairman's Sub-comittee of trol of the Spanish war zones is the International Non-Intervention Committee to-day had under con-not yet known, it is known that whole of the eltizens." sideration technical problems of up-Russin objected to plication of the scheme for the super-allotted to her. It included the Vision of vessels having the right to Bay of Biscay, which is always fly the flags of participating coun- boisterous at this time of year. tries proceeding

to Spanish ports, anti agreed that representatives of maritime count.tes should be asked

RETIREMENT OF integrity and neutrality of Switzer-tries

JUDGES

Washington, Feb. 20. The Senate hos phased the Bill permitting Judges of the Supreme Court to retire voluntarily

on full pay at the age of 70 years.

The action came shortly President Roosevelt's announcement at a press conference that he would address the nation in a radio talk on

after

"At all times we shall respect the land: affirm this categorically."

This is the assurance which Herr Hitler is stated to have given to the former Federal Councillor, M. Schulthess, during the latter's visit to Derlia this week-Reuter, »

JACELET

TREASURY HILLS

London, Feb. 26. March 9. The address la expected to The total amount applied for in contain fervent support for Court plan, pointing,

the tenders for £40,000,000 Treasury bilis out that the was £74,175,000. The average rate alternative is a constitutional amend-for bills at three months Was ment which would introduce dan- 10/5.10d, against 11/3.65d a week ago. gerous delay.-Beuter,

British Wireless.

Swan Culbertson

Frith

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arrange for official Government perts to attend a meeting in London on March 3 for the purpose of reach- ing decisions of technical questions

concerned,

According to a communique, after considering further the land super- vision scheme, the representatives underlook to communiente forthwith to their respective Governments the technical documents concerned, with a request for immediate instructions thereon.

The Committee passed then to consideration of the naval supervision scheme. The Russian Representative stated that in view of the fact that it had been agreed in principle that any government, party to the agree- ment, had the

should they so

Herr Joachim von Ribbentrop, the German Ambassador, told a previous meeting of the Non-Intervention Committee, that Germany would only agree to the participation of Russia provided that the experts' recom- mendations with regard to zones were adopted.

Luter.

A communique issued by the Non- intervention Committee to-night, says the Soviet representative has stated that his Government did not at present claim to make use of the right io participate in the naval supervision of Spain, as it was not interested, either politically or otherwise, in the presence of its naval forces in the Mediterranean Sea or the Atlantic Ocean, at a great distance from its own bases.

The Portuguese

President Quezon declined to dis- cuss whether the United States shoul retain naval bases in the Philippines, cussed after complete independence pointing out that this would be dis-

has been obtained.-/nited Press.

TRADE TREATY SIGNED

BRITISH ACCORD WITH CUBA

London, Feb. 20.

A commercial ugreement with Cuba was simnet at Havana on February 10 and comes into force representative, provisionally as from that date. It

Supervision

Russian Committee that Portugal always shall be treated in Cuba not less Government did not claim at present favoured entrusting the supervision favourably than those of any country

scheme to make actual use of this right as France, Germany and Italy. There

to the

United Kingdom, fore, he said, Portugal did not desire to participate In the control scheme

desire, to the Na meanwhile, hus reminded the sub-provides that Unlied Kingdom" "goods

.10

the

it was not interested either politically or otherwise in the presence of naval forces in Mediterranean sea or

in the Atlantic Ocean at a great dis-four powers-Reuter.

as long as it was confined to those United Kited Kingdom! tunce form their own naval bases.

The Portuguese representative re-

called his Government had always favoured

a naval supervision scheme

the

United Kingdom, France, Germany

SPANISH SYMPATHY

accorded to United States goods-and

apart

from the special treatment that Cuban goods shall enjoy most- favoured-nation treatment in the The Cuban duties on certain

linen

and woollen piece goo

ece Koods are

es are reduced, and the C

Cuba Government undertakes to consider sympathetically req London, Feb 20.

requests for being entrusted to four powers, of State, has expressed to Mr. Ogilvie agreement also provides that British

further tariff Senor Del Voya, Spanish Minister er

readjustments. The and Iinly, and stated Portugal would Forbes, British Charge d'Affaires, the

Insurance enterprises shall not be not desire to participate in the scheme sympathy and concern felt by the so long as it was confined to these Spanish Government at the accident four powers, Representatives of theo H. M. S. Royal Oak which resulted four powers agreed to submit to their in the wounding of five officers and Governments a scheme

men-British Wireless. for naval supervision by themselves already prepared by the Technical Advisory Subcommittee with a view to settling technical problems involved in its application. The Commitive

will meet again On Monday. British Wireless,

RUSSIA'S OBJECTION

London, Feb. 26. Although Soviet Russia's reason for withdrawing from the International Non-Interven- tion Committee's scheme of con-

GOLD STRIKE IN ALASKA

Fairbanks, Feb. 20. Gold strikes have been reported on a tributary of the Kuskokwim River and on the Togiak River, west of Good News Bay,

United Press,

Both urc placer

workings.----

DAY BY DAY NEWS IN BRIEF

A WISE

MAN WILL

It la notified MAKE MORE

Q. S. that Mr. OPPORTUNITY THAN HE FINDS.-Bacon, Archbult resumed duty as a Member of the Traffle Board on January 22.

It is notified that His Honour the Chief Justice has directed that the next Criminal Sessions shall be held on Monday, March 16, at 10 am.

subjected to legislation imposing more onerous conditions than those already applying to the conduct of their

Cuban business.

The Cuban Government recognises the necessity of alleviating the post- tion of United Rallways of Havana, a British undertaking, and promises sympathelle consideration of requests put forward to that end.

The

agreement runs until Decem- ber, 1937. There is also an exchange

of Notes precluding action which would prejudice the present position

British shipping in Cuba.

of

British Wireless.

Speaker Will

Ride In Ancient Coach

London, Feb. 20. When the Speaker of the House of A wedding has been arranged be- Commons tween Mr. William Sullivan, Police ceremony in Westminster Abbey, nt attenda the Coronation

officer, No. 8, Police Station, and the social invitation of His Majesty Miss Margaret Olwin George, No. 1., the King, he will drive in the oldest

It is noted that at the expiration Minden Avenue. of three months the name of the Perrin's (China) Limited, will, unlesa cause is shown to the contrary, be struck off the register and the com- pany will be dissolved.

coach in London.

Speaker's couch.

It was built in 1680 for William Admitting a charge of possession and since 1709 has been used as the of 80 hervin pills on February 10, Lo Wai-hung, aged 35, a blacksmith, the basement of the House of Lords It is kept in the coach-house in was fined $100 or two months' hard and every month is dust covers are Before Mr. K. Keen at the Central labour when he appeared on remand removed so that experts may polish Magistracy this morning Del-Ser before Mr. W. Schofield at the Cen-it. It weighs three tons and was geont G. A. Willerton applied for antral Magistracy this morning..

used in the of and order for the confiscation of 100 pounds of sugar, found by him, un-

A broker named Chan Ng aged Bulletin Service. claimed and unmanifested on beard 40, appeared before Mr. K. Keen at the ss. Ha Tan on February 24. the Central Magistracy this morning The order was granted.

on a charge of being found prepar Ing oplum at No. 110 Des Voeux The Talk Luen firm, of 107 Road yesterday. Chen admitted the Henessy Road, was summoned before of $160 or, to serve three

charge and was sentenced to a fine!

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LINDBERGII IN STORM

**Calcutta, Fab. 26. Colonel Charles Lindbergh, ac-

Mr. K. Keen at the Central Magle hard labour. Senior Revenue Officer companied by Sir Francis Young- tracy this morning for obstruction on February 7, by hanging 10 dried A. W. Grimmitt said that when ar- husband, the famous explorer, Innded ducks on the footpath of Hennessy rested defendant was actually found here from Bombay to-day, having

P. O. Box 717. Road. Mr. M. W. Lo, representing preparing a quantity of opium. The outrun a severe storm. They expect the firm, pleaded not guilty and oplum was boiling and there was to return to Bombay Saturday where after ovidence had been heard the enough to make four "tacle of the Mrs. Lindbergh is waiting→→Untied

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