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February 15, 1938

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Headlines from February 15, 1938

CHINESE WORRIED OVER FOES' THRUST; Rush Reinforcements to the' Chengchow-Kaifeng Area as Japanese Push On WOULD BLOW UP BRIDGE Defenders to Stand at Yellow River--Harry Invaders Near Peiping River Offers Barrier CHINESE WORRIED OVER FOES' THRUST Japanese Admit Difficulty Big Threat to Chinese Seen

By F. Tillman Durdinwireless To the New York Times

Chinese rush reinforcements to Chengchow-Kaifeng front; Chengchow bombed; Hankow-Chengchow communications cut; Japanese approach Sinsiang and Yellow River; Chinese attack Wenshang and Tsining; 8th Route Army assaults Paoting; Amer missionaries reptd in Kaifeng

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GOLD STERILIZATION POLICY EASED TO CHEAPEN MONEY AND ADD TO BANK FUNDS; BORROWING IS CUT Up to $100,000,000 of Inflow Each Quarter Will Be 'Released' IMPORTS UNDER THAT NOW $30,000,000 Received Since Jan. 1 Will Be Taken Out of Inactive Fund at Once TEXT OF ANNOUNCEMENT Held as Answer to Critics Applies to Actual Imports GOLD POLICY EASED TO CHEAPEN MONEY Patman Praises the Move Not Deflationary," Officials Say

By Special to THE NEW YORK TIMES

Gold sterilization policy change seen as aid to privately financed program

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