The Archive · 1938

Chinese Journal

Contrast Between Manchu And Czech Attitudes

Hankow, Sept. 16.

Herr Hitler's defence of people's right "of self-determination is vigorously denounced by the influential Chinese daily, the "Ta Kung Pao," this morning which sees in the Reichsfuehrer's action only a pretext for the annexation of a weaker nation.

The newspaper points out that there are many Germans in America, and asks why Herr Hitler does not press the. right of self-determination for Germans in America.

The journal further asks why Germany recognizes Manchoukuo when Manchoukuo "is Chinese territory and its population is entirely Chinese." many and prices were substantially marked up in all sections as soon as the House opened, especially in the case of British gilt-edged securities, European bonds and gold-mining issues. This sharply upward trend was actuated mainly by sentiment, although some fairly extensive bear Covering was also witnessed.

Among commodities those which reacted most strongly io the increasing tenseness prevailing at the time, notably wheat and sugar, have now eased sharply. Elsewhere, yesterday mornings strength of the rubber market illustrates how any lightening in the burden of political uncer-dainty allows economic factors, such as the recently announced rubber quota, to have a more normal effect on price levels.

Foreign exchange interests reported a feeling of cautious optimism which was reflected in a distinct lessening of the recent pressure against sterling. At the same time, however, business was not brisk and trading was principally confined to speculative profit-taking in dollars, which caused the rate to go out to 482.50 cents. Subsequently, commercial buying brought a recovery to around 481.00 cents.

In the bullion market, a pointer indicative of the better feeling was the fact that, for. the first time in several days, Continental speculators and hoarders yesterday returned to the gold market as buyers.—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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