21 Oct 1937
Page 1
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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Oct 21, 1937
Page
1
A chaotic trading day in New York sees major losses followed by a partial recovery as turnover reaches 9.6 million shares at midday before rising to 7.28 million by close. Analysts cite heavy buying by trust funds and warn that Treasury Secretary Morgenthau may intervene, with bonds lagging stocks in weakness across major markets including Chicago and Toronto.
The Anglican General Synod urged the Australian government to establish a national university in Canberra, modeled on a collegiate system and focusing on history, international relations, and culture. Bishop Moyea led the motion, stressing national unity and Canberra as a governmental center while Bishop Burgmann warned of provincialism and the need for Asia-aware education.
City business men express astonishment at Wall Street behavior described as fantastic and volatile. The report notes a three month lag since traders hoped for an uptick in American stock prices, with commentators calling the market unpredictable and baffling to London observers.
Reports from Palestine and Syria indicate curfews lifting and the Arab Higher Committee forming in Syria amid tensions with French authorities. The Canberra university move faces opposition from church figures and political leaders, suggesting funds be spent elsewhere. bishops urge careful government action.
Paris reports a fresh deadlock as Soviet, Italian, and German delegates hold firm on belligerent rights tied to volunteers withdrawal. Eden notes cautious mood while Britain and France seek a compromise amid Mediterranean occupancies and calls for possible intervention.
Madrid reports Thy Insurgente pierced and sank the British armed merchant ship Renta off Gijon near the coast. The action occurred Wednesday with swift naval engagement. No further casualties details released.
SILKWORTH Dr Pao pledged to use every effort to avert the Sitk worth crew from being conscripted into Japanese service. He would await instructions from the Russian government while considering the crew's danger and the broader humanitarian concern. The New York Trades Halt Council plans to seek release for 30 sailors held at Maitland Gaol during the court’s fortnight adjournment.
In Melbourne Mr Lyons said the Commonwealth Government seeks a lawful out from the Silkworth dispute. He stated the Prime Minister asked the Director of Navigation in Sydney to contrive a settlement while acknowledging possible legal limits on government interference.
Fragmented report notes political and social groups in the Chinese community denying knowledge of crew members aboard the Gilkworth. Yun Haiwan, quoted in London, claims no relation to the Silkworth crew while a city park official declines comment. Mention of Newcastle and import of medicine Dama appears in broken text.
A truck accident near Hay on Wednesday killed 22 year old Neil Hurat who ran over an embankment while returning to Coloubey station. His companion Dick Power escaped serious injury.
Cruising won after the starter whistle at the local club race while My Honey also claimed victory following a whistle. The club conducted an inquiry and banned the use of whistles to encourage dogs.
The Rome cabinet unveils a 10 percent capital levy on all Italian company stock and raises estate and business duties from 24 to 3 percent. It also offers foreign investment concessions before 1939, aims to attract capital, and creates fascist militia and colonial labor bodies to support Abyssinia and rearmament.
In Sydney on Wednesday Sir Archdale Parkhill told the National Club Labour would make Lang Governor of the Commonwealth Bank if Labour won the election. He called Lang the only Labour figure who studied finance and warned Chace would be displaced.
Melbourne reports a settlement of a dispute between Central Wire Gold Mine of Bendigo and Little 490 Company over alleged encroachment on gold land. Central Wire to receive £20,000 plus £1,300 costs. terms include a future payment arrangement. Justice Cavan oversaw the out of court settlement announced today.
Paul Dwyer, 24, found sleeping in a car with bodies of Doctor Jamen Littlefeld and Mea Littlefield, allegedly murdered. He has been committed to an asylum for observation. His appearance at court on the marine charge has been canceled.
A Peiping issued semi official Japanese proposal outlines an Inner Mongolian State as a buffer between new China and Soviet Mongolia. The plan credits Japanese success in Suiyuan and seeks Mongolian cooperation to resist Communist advances, with Prince Teh Wang as likely head and having met the Japanese ambassador to express thanks while promising peace and aid. Observers note Mongols took credit for the victory while Japan stayed in the background.
Rangoon reports Miss Jean Batten arriving at 4.36 pm and departing Batavia at 2 mm local time. She reached Rangoon in the early hours and took off again at 3.25 am, with timing noted as 12.35 a.m. local time arrival at Alot Stara Fs.
Reports from Shanghai describe a renewed Japanese artillery barrage north of the city with forces advancing to within two miles of Nanjiang. Chinese sources say 3,000 Japanese reinforcements arrived and more are en route, while Chinese warplanes bombarded transports off Liuho.
Japanese warplanes were active over Nanking today as 150 civilians died in five air raids. Two cars bound for Nanking were attacked from the air. the convoy carried Italian, German, Russian, and Chinese travelers who fled into the hills.
The report states 2,057 non-combatants killed and 2,958 injured in the International Settlement due to misdirected bombs aircraft and bullets up to October 15.
A Bol Green imported stallion named Son of Mike died at Bacchus Maren after being stung on the tongue by a bee. The horse suffered extreme pain and all remedies proved futile.
A long lasting storm in the Black Sea leaves twenty dead and many missing as ships drift for days. Aircraft drop food to sailors and vessels report being adrift with no rescue yet.
The report outlines opinions from influential quarters about a boycott of Japanese trade. Proponents say it will harden resolve in Japan and strengthen its drive toward its objective. Opponents warn it may worsen tensions and reduce purchases abroad.
Walter Neusel defeats J nice Strickland on points in a televised Wembley bout. Prolonged hooting greeted the verdict as Strickland’s left eye was marked in the eleventh round amid exchanges around the twelfth. Critics largely disagreed with the decision.
The fragment describes a contentious event tied to Lord Nuffield with ambiguous remarks from Bil Daley and Pet Demald. It mentions an incident in a building drainage area, references to pressured or angry words after a verdict, and notes about a Lithuanian-born manager and a Navy corps ending an address. The text is garbled and missing coherent details.
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