1937-10-20 — Page 24

12

THE 'HONGKONG TELEGRAPH. WEDNESDAY, OCTOBER

20, 1937.

KINGS U.S. Stock Market Slumps ALHAMBRA

TO-DAY ONLY

Beauties At The Bat

As A Killer Harls Deaths i

At 2.30, 5.10, 7.15 & 9.30 P.M.

GIRLS CAN PLAY

JACQUELINE WELLS

CHARLES QUIGLEY GEORGE MCKAY PATRICIA FARR ERITA HAYWORTHE DIRECTED AMSIFT HIL

COLUMBIA PICTUR

· ALSO LATEST CHARLIE CHASE COMEDY." "WRONG MISS WRIGHT"

TOMORROW "MARRIED BEFORE BREAKFAST" M.C.M. Pictura with ROBERT YOUNG - FLORENCE RICE

UEEN'S

DAILY AT 2330-515-7·202930 ·TEL.31453

SHOWING

TO-DAY

THROTTLE WIDE OPENIT

TIRES SCREAMINGÏ

BULLETS WHINING!

MIDNIGHT TAXI'

BRIAN DONLEVY FRANCES DRAKE ALAN DINEHART-SIG RUMANN

GILBERT ROLAND AR

CHANGE O

✪ NEXT

ROBERT TAYLOR .. BARBARA STANWYCK

#

ROOSEVELT WON'T STOP TRADING

CANADIAN MARKETS CRASH

IN

SYMPATHY; UNWAR

RANTED," PRESS PRESS

SAYS

Hyde Park, N.Y., Oct. 19.

JAPANESE FEAR NO SANCTIONS

Fully Prepared To Fight Long War,

Says Minister -

Resources Under-

Estimated

Tokyo, Oct. 19. Interviewing Mr. Shinji Commerce and Industry to-day, a United Press representative asked what was the possibility of the Nine-Power or other con-

President Roosevelt said he had no intention of Yoshine, Japanese Minister of exercising his authority to close the New York Stock Exchange, according to official sources at the President's headquarters here.

At the press conference to-day President Roosevelt refused to discuss the present Wall Street slump.

The turn-over at to-day's session of the Stock Exchange totalled 7,290,000 shares.-Reuter.

Canadian Reaction

Toronto, Oct. 10.

protect

their

accounts. However,

while many tape-watchers appeared very anxious over their commit- The crash of the Canadion stock ments, veteran

brokers said there markets, together with those of the of the fear psycho- United States, is viewed here, was less evidence of the ringther being unaccountable,

panicky seasons of recent years,

as

"Nothing in the trend of business Router's Special. warranted such a marked deprecia- tion in values." says the Toronto Star.-Reuter.

Slump Continues

:

Wants Strong Measures

Chlenge, Oct. 19.

ferences imposing sanctions. Mr. Yoshino smiled and replied: "I think I shall keep very quiet on that point."

STATUJAN ND: KOWLOON.

FINAL SHOWINGS TO-DAY HERE COME THE TEXAS PLAINSMEN ! Swinging Down The Battle-Blazed Trail

Singing The Songs Of The Saddlo ! A MUSICAL SAGA OF THE WEST!

DODGE CITY

TO - MORROW New Univortal

But the Ministry of Commerce must have considered the possible effect of sanctions? he was asked.

"Yes", replled the Minister. "it has fully considered the effects of Japan possible sanctions, 1 think will be able to survive unscathed sanctions are applied. The OccidentA

has greatly under-valued the

Korca, tural resources of Japan,, Manchukuo and Formosa. Japan is avastly different nation compared with 20 years ago owing to her deve- Mr. A. J. Sabath, Democratie mem-lopment of engineering and indus ber_of Congress, has sent a telegram trial technique. At present sho-is to President Roosevelt alleging that almost self-sufficient, including war the current stock market crash can materials," be traced to a "Wall Street con-

the

opera-

New York, Oct. 10. Yesterday's plunge on Wall Street was followed at to-day's opening by

Mr. Yoshino reafirmed Premier an instant renewal of the severe spiracy." He urges the President downward movement, with, opera- to take strong measures, even if in-Prince Konoye's assurance that for tions in

the first hour totalling 2,250,-flation should be resorted to in order eigners would be able to continue. 000 shares.

to save the nation from a debacle to trade with Chino, "After

termination of the military Nervous selling was rife in the like 1920.—Reuter's Special

tions, belleve China's trade with early feverish operations, with prices

other countries will naturally be re- generally anything to G$10 down.

habilitated. Japan has no intention Subsequently the fall was hailed

of interfering with foreign business with a number of influential Invest-

and trade in China" he added. ment trusts turning to the buying!

•side.

At mid-day the market was ex- tremely erratic, but above the worst, with the trend moving chielly upward.--Reuter,

Later.

In the early afternoon, lafluential heavy buying. largely by Investment irusts, stemmed the slump, the market rallying briskly from the day's laws, which finished with gains up to six points, and losses up to five points.

To-day's scenes were reminiscent of the panic in 1929. Hollow-eyed clerks worked all night getting out calls for additional margin, and the wildest confusion followed the open- ing of the Exchange, brokers rushing

Study Powers Under Pact

Conference Able To Take Action It Sees Fit

But Mediation Only Likely

Wushington, Oct. 10,

to execute the flood of orders which According to officials of

the

Want Equal Treatment

"All of the Japanese in Central and South China, with the exception of Shanghel, evacuated at the outset of the present affair. We desire that those the business Interests of Japanese

should be restored as soon

as possible after the termination of the operations, and we also desire treatment for Japan equal to the the dia- other countries to replace criminatory treatment we have been given by Ching

Regarding import restrictions, Mr. Yoshino sald obviously they were more interested in exports. He said the import regulations were merely

Picture

66

TRAIL

CHARLES STARRETT

with The New Binging Bemaction DONALD GRAYSON A COLUMBIA PICTURE

REPORTED MISSING WILLIAM GARGAN - JEAN ROGERS

TEKS MIO TRAan on jasou víaLAKY BÚT

EORIENTALE

DAYS

520N TO DAY

TO MORROW

FIST-FLYING STORY OF GRIT AND SPEED !

A social linn turns Into a mountain wildcat, timber thleves will never forget the guy with the polished nalls,

· A THRILLING COMEDY DRAMA OF LUMBER-JACKS I

Romance I .'”

Hown from the heart of the

rough Northwoods ... with - Your Favorite Outdoor Star!

GEORGE O'BRIEN

PARK AVENUE

LOGGER

- with

BEATRICE ROBERTS Directed by David Howend. A George Ą, Hiriman Production

Apo. Podarur. Leonard Cisidstein.

an emergency measure, and in their FRIDAY & SATURDAY. application due regard will be taken other

HIS AFFAIR Peers were pa sonde State Department, the United States relating to agreements with

A 20th Century Fox Picture

mean a loss of the Japanese market to foreign exports on the whole, be- cause- considerable exports will be made under the adjusted conditions."

country. Tickers so behind-Nine-Power Conference delegates countries. I do not think they will hand that the authorities were forced have studied the Nine-Power Pact to put out their stoels prices on the and diplomatic communications for bond-tope-Reuter.--

precedents to determine what powers are granted under the Pact for the conference to be called, and at the same time it there is any indication of a sterner course than mediation being considered.

Federal Reserve Action

HANKOW

KOWLOON

It has been

ISTARE

•

✪ LAST TIMES TO-DAY

BOY SELLS GIRL A BILL OF ROMANCE!

LOVE in a

• BUNGALOW

A NEW UNIVERSAL PICTURE with NAN GREY• «KENT. TAYLOR

℗ TO-MORROW

KAY FRANCIS, HERBERT MARSHALL - MIRIAM, HOPKINS, “TROUBLE IN PARADISE"

Swan Culbertson & Frits

Investment Bankers and Brokers in Securities and Commodlites Daily New York and London Stock Exchange Service Commodity Futures oni the principal American markets

Members of

New York Cotton. Exchange Chicago Board of Trade

Winnipeg Grain Exchange

Commodity Exchange, Ino., New York

Canadian Commodity Exchange, Ina, Montreal New York Coffee and Sugar Exchange

-Manila Stock Exchange. *

Correspondents for

Hayden, Slone & Co. New York and Boston

J. E. Swan & Co. New 'York

Telephone 30244

Cable Addreen SWANSTOCK Hongkong & Shanghal Bank, Building, Hongkong

Offices Shanghai and Manlle

Urged

New York, Oct. 19.

that the Omelals indicate that the con- requested Federal Reserve Board talte inference "can" take practically any mediate action to stop the decline in action it sees fit, but it is not like securities, including an Immediately to proceed beyond sanctions by lowering of margin purchases and the governments concerned. greatly increased margin on short sales. United Press.

No Emergency,

Washington, Oct. 10.

Is officially indicated that the Government is adverse to act in regard to the stock market "untess there is an emergency" which the present conditions do not constilule. Attention is drawn to the fast that business conditions are good, though below last year, and It is reliably stated that the Federal Reserve Board will not reduce the margin requirements until the uneasiness subsidca-United Press,

Called To Washington

New York, Oct. 10. Mr. Ernest Angell, head of the New York Stock Exchange Com- miller, has been unexpectedly called to Washington-United Presi

London Affected

London, Oct. 10. The Stock Exchange was unsettled because of several factors, chiefly the severe slump on Wall Street, and the weakness in commodities and con- tinental offerings.

Though local offerings were com paratively small, the majority of the big falls. represented precnullonary marking down by dealers.

Commodities the, copper and weakened sharply in rubber, sympathy with Wall Street, together with fears of a recession of American Industrial activity-Reuter's Special.

Heavy Selling

New York, Oct. 10.

Diplomatic sources emphasise that the latest domestle reactions in the United States, Britain, Hollard and France apparently preclude drastic action, practically, if not theoretical- ly, and will confine the Conference to attempts for mediation and practical compromise.-United Press.

U.S. Makes No Commitments

Ample Finances Regarding the "baseless rumours" about Japan's finances, Mr. Yoshino observed: "It is merely malicious propaganda. That Japan's Anancial condition is very sound is attested by the fact that expenditures in the execution of the hostilities are being

easily. Furthermore absorbed have an ample supply of capital in civilian circles.'

we

Mr. Yoshino mentioned the low in- | terest rates which prevailed, and drew attention to the fact that not rates had a foreign exchange

changed throughout 1937.

"Therefore", he said, "I believe there will be no adverse effect even if the hostilities are protracted.”

Hyde Park, N.Y., Oct. 19. Following long conference be- tween Mr. Norman Davla and President Roosevelt, it was stated

Industrial Activities Referring again to sanctions, ho tion had increased, and Japan was said the Manchukuoan iron produc planning on increased gold produc "Mr. Davis will enter the Nine-ton. Food was no problem, whille Power Conference without any com- they wero anding substitutes for mitments on the part of this Govern-wool, cotton and rubber. Ho anid: ment to other governments.

they were planning to obtain oil

that:

In the language of the invitation, from coal, and added: “I admit that to which the United States is res-oll is the greatest difficulty. But ponding, the Powers will oxamine when plans for a Liquification Com- the situation in the For East, to, pany, capitalised at 100,000,000 yen study peaceable means of hastening; are completed, the plant will be in the end of a regrettable conflict." operation in November."

This is, interpreted as being ап Mr. Yoshino doubted whether answer to Senator Hiram Johnson, sanctions would be effective In view who attacked President Roosevelt for of their faliuro against Italy- his foreign polley-United Press. United Press,

GERMAN FLIERS AT MILDENHALL

London, Oct, 19. The party of German Air Force officers, led by General Milch, the German State Secretary for Air, and

Not Yet Invited.

Tokyo, Oct. 20, "Very funny, but Japán has not yet been invited to the Brussels Con-f ference," remarked a Foreign Office spokesman at a press conference to- day.

He added that until the Japanese Government receives and sees the contents of an invitation it is quite useless to discuss the Japanese st

The spokesman waxed cotustic con-

Lieutenant General Stump, Chief fitude. bf Huge selling again struck the stock the German Air Stall, to-day visit cerning Japanèso press reports that

13 dollars or more

1920 crash.

tlint

ed Mildenhall nerodrome, where they market, prices toppling from one to viclved aircraft accommodated at the Japan is considering denouncing the

share as yelling

Nine-Power Pact, stressing brokers milled around the trading station, as well as representative air-

of the squadrons Japan is still observing the terms of posts executing orders in turmoli craft of each

the part.-euter, and confusion uparalleled since the participating in the subsequent fly

bast which are, among the most mo- The shouting of bids and offers at dern in use in the Royal Air Force. times was deatening, and the ticker Previous to the fly-past, a fake at one time was 22 minutes behind. crash was set on fire and a realistic Blocks of 1,000 to 25,000 shares rescue by an naberior-sulled fre changed harris as the unloading pro-lender crew and ambulance men was ceeded feverishly: Exceptionally staged. heavy selling, came from all parts of

the country.

SERVICE SUSPENDED

Pelping, Oct. 20, Although

the --special; - bi-weekly tralas operating between Harbin and Manchoull In conjunction with the

Tire visiting party proceeded this | trans-iberian expresses, have been

Board room In thià brokerage afternoon in the Air Council' ner-suspended; passengers are still, able houses, deserted for months until the optane to Cranwell where it inspect to make connections by the daily August slump began, Avare crowdeded the Royal Air Force College...... local trains in each direction~~Reu-

ter to overflowing as traders sought to Brittal Wireless,

GENE RAYMOND

and

ANN SOUTHERN

"THERE GOES MY GIRL"

MATINEES #203

• SHOWS DAILY

* 30-8.20 720-930

www

KO

RADIO

Picture

Double. Attraction !

JOE LOUIS

VE.

TOMMY FARR

SENSATIONAL HEAVYWEIGHT FIGHT PICTURE

ZEVENINGS #202-306-5

MAJESTIC

THEATRE

NATHAN ROAD KOWLOON

TEL 57232

(MATINEES:20.-30. EVENINGS, 20-301:50:70)

• FINAL SHOWINGS TO-DAY A ROLLICKING PIRATE COMEDY REPLETE WITH LAUGHTER AND THRILLS!

SEE THE TOT THATS TOPS!

THE

CAPTAIN'S KID

MAY ROBSON SYBIL JASON GUY KIBBEE

(WIK JANE:BRYAN VERED LAWRENCE IDICA. PURCELLE MARY, TREEH

›TO-MORROW, FRIDAY, SATURDAY

THE BEST COMEDY: WITH' MUSIC OF THE SEASON 1 “SING ME A LOVE SONG with JAMES MELTON - PATRICIA ELLIS - HUGH HERBERT A Warner Bros.. Hit t'i

CENTRAL

DAILY AT 2,36; 5.15. 7.20 & 9.30 P31. PRICES: 20-ofa, 15 cia, 45 eta, 55. cts.

SHOWING TO-DAY

FLAMES

ADDED SPECIALTIES:. SILLY SIMPHONY

and

MICKEY MOUSE

Printed and Published for the Proprietors by FREDERICK PENCY FRANKLIN,

at 1 and 3, Wyndham Street in the City of Victoria, Hongkong