NELSON AS MOSCOW
SEES HIM
Britain's
% "n
Moscow, Nov. 4.
great naval hero,
Admirai Lord Nefsin, i town blind and sometimes cruel weapon in the hands of the Insidious
And predatory
aristocrats and capitalisis"
now Russian Alm.
The victor of Trafalgar has a star role in the film, "The Ships Storm the Bastions, which tells the story of his Russian con- temporary, Admiral Ushakov,
The film is advertised on the hoardings with pletures showin the brave Russian Admiral, "a person with truly statesman- like mind," busily dir:cting his sailors, while Nelson sita plotting with Lady Hamilton,
The newspaper Trud had this to say about the two characters: Nelson: "A talented pros. fessional military inan. But he han no valce opinion of his own in polities. He is entirel aubordinated to the commands of the ruling class of Beitula."
Ushakov: "Never acting against his conscience, against his duty debrsed as a patriot, he never
flag and Russian. the Russian
arms with unnecessary brutali
ties,
The democratie, fentencies
of Ustekov
are
mos:
vividly
revealed. , military courage is
so closely and
organically in
terlaced with his
stioightfur-
wardness and boldness
in the
sphere of public life, with his
paize Igoing struggle
trigites. China Mail Spreini.
Estates In
Malaya Feel Pinch
Kuala Lumpur, Nov. 4. Rubber replouting
in.
has come
to near stunstili on estatis in
Malaya, major world
because of the
producer. price
The uneconomic
of the commosity, neeurding to Mr H. A. Campbell, Chainnaaaat
of the Rubber Producers Council.
Mr Campbell told repurlers here yesterday that most rubber companies were finding R dit- itcult
keep even in
up old holdings.
He added: "Unless we have relief, the position Immediate will become worse. Unless we have a fair margin of profit, how afford to replant?
we
Generally speaking, replanting
has stopped."
Mr Campbell described as very disappointing
three-point the
plan of the Rubber Study Group which has just ended meetings London. One of the three in Lo points called for a speed-up of replanting programmes.
Mr Campbell also said he was worried cver the part of the plan calling for new natural rubber and expansion of existing
stocks
stocits.
"Increase iri 3:ocks. and creation of new ones may have repercussions, he very serious
sold.
"I would not be a permanent .pnswer.
What We went greater use of natural rubber Int Amorica.
Another practical Would be for America crease the price
rubber..
Special.
remedy la in- of synthetic he said.-China Mail
Half Karachi Refugees
Karachi, Nov. 4. Over half Karachi's popula- tion are refugees who migrated from India after the partition of the sub-continent in 1947.
The
complete 1951 results of which will soon be ready for publication, also show
Echo Of 1944 Campaign
Au echo of the 1944 partisan campalen in Italy was heard at Novara recrnily when three wartime guerillas-Tozzini (al back), Manulni and Migllarl-appeared in court charged with the murder of an American major, William Hellotan, on Dec. 6. 1944. Hollohan was said to have been killed by his own men while on a mission bebind the German Ines because ho did net favour giving all-out ald to Communist partisans. ---
Express Photo.
Controversy Rages Australia Over
In
Uranium
Australia
survey maps
Prices
Melbourne, Nov. 4. today is possibly the
most
"uranium conscious" country in the world.
The atomic tests at Woomera and the publication series of aerial by the Australian Government of a
Indicating likely ureas for uranium prospecting, have coincided with public "linen washing" on the price which Australia is receiving for her uranium from the combined development agency-a joint British and American organisation,
cal
on
THE CHINA MAIL, THURSDAY, NOVEMBER 5, 1953.
TRAD Hond
Loss Of Markets
Blamed For Farmers' Worries
Washington, Nov. 4.
Loss of foreign markets is responsible for most of the "headaches" now facing United States farmers, Mr John Davis, Assistant Secretary Agriculture, said.
of
He told an agricultural conference here that in the 1952-53 marketing year, America's farm ex- ports dropped to $2,800,000,000 (about £1,000,000,- 000) from a record of more than $4,000,000,000 (about £1,428,000,000) in 1951-52.
Mr. Davis noted: "If world prices continue to log below our domestic
support price levels, we may expect increated requests from
producers for action to prevent foreign products from Interfering with domestic support pro-
our gramme.
our
"In this connection, where Interference is fact, there is Ittle choice except to invoke, counter-measures such as action' under section 22 (the escape clause of the General Agree- ment on Tariffs and Trade),
"In invoking such action, however, we have the difficult but necessary job of dis- tinguishing between normal Im- porta and abnormal imports attracted by our support prices.
COMMERCE SECTION
World Shipping Statistics
London, Nev 4. Shipping under construction in world shipyards at the end of | the_third, quarter at 1653 totalled 1,103 vessels of 5,091,420 gross Lloyd's Register tons, according to the latest Shipbuilding Returns. The total at the end of the second quarter was 1,152 veszels of 6,037,432 tons. These
Agures relate to wessels of more than 100 gross tons and exclude
FINNISH TRADE WITH RUSSIA IN LA
TANGLE
Helsinki, Nov. 487
Finland's trade with the Soviet Union, now her principal commercial partner, is in a tangle and she hopes that Western Europe.can help her to unravel it.
The Finns find they are forced to take from the Soviet Union, who now absorb more than one- quarter of their total foreign trade, larger quan- tities of certain goods than they need.
The Soviet Union, for. her
Ching, Poland und Russia. end of September include 28 which Finland is sending her The ships being built at the part, is satisfied with the goods steamships and 58 motorships and wants more of them, 06 of between 0,000 and 8,000 tons Mr S.A. Borisoy, the Soviet each; 37 steamships and 34 Vice-Minister of Trade, Bald motorships of between 0,000 and in a recent interview pub-
08 motorships of between 10,000
10,000 tons; 64 steamships and lished by Izvestia. HONGKONG
SHARE MARKET
Japanese Raw Silk Shipments
and 15,000 tons; 39 steamships Ho suggested that the pre- and 11 motorships of between sent exchanges could not only 16,000 and 20,000 tons; 'and 31} be incrcated but no widened. steamships and four motorships At present Finland sells of between 20,000 and 30,000 Soviet Union ships, piper-making
cabies, plant,
prefabricated
Kobe during She buys October totailed 5,417 bales, 897 cotton, motor vehicles.
Yokohama, Nov. 4.
tons cach,
Oil tankers under contruction cellulose and paper." in the world amount to 209 ships from her grain, naphtha, steel, bales more than in September,
houses, sawn timber, pit props, Yokohama and
Raw silk shipments from
of 3,380,115 tons (130 steamships | fontiete
of 1,805,330 tons and 108 motor- ships of 1,303,770 tons), which
Although a decline had been feared in October due to the | expected difficulty of high prices on the domeṛtle market, a rise
(From Our Correspondant)
according to the Japan Raw Silk Business done on the Stock
The Finns are likely to refuse Export Association.. Exchange this morning amount is 31,117 tons less than the Russian suggestions that they Dupion ed to $258,707.00. Neen quotations comparable figure for June. In should increase their exports to these
stik exports from and the morning's trans-the same period, the oil tanker Russia of paper and pulp and were less than the shipment of two ports at 810 bales ctians;
percentage of the total tonnage timber and should buy more the previous month by 71 bates. SHARES BUYERS SELLERS SALES | under construction in the world than the 2,500 motorcars which has decreased slightly from 56.7 they are due to buy frêm the BANKS
HK Dank
Lo 56.6 per cent.
Soviet Union this year. ... 1510 1520 INSURANCES
East Asia.... 107
This would make the Finns dependent commercially Union....... 0421 Underwriters 15.00 Kr. 270 Waterboat....
10% DOCKS, ETC.
K. Wharf... Deck
F1.80 Provident (0) 12.40
(N) 11
"We are technologically great country whose ability to produce is outrunning its pres. sent ability to market. As SHIPPING
member of responsibio world family of nations, must make every effort to get this production into usa so long as any needs of friendly na- tions remain unrel
the
we
"The contradiction of unimet needs and unused goods implies weakness, in our world marketing processes, which we should do our best to correct.
A CHALLENGE
"Breadly, we should try Lo improve the
dollne er hart! currency earnings of the rest of the world. Achieving this, and at the same time maintain- ing our own levels of living, is challenge to our ingenuity, am sire, we can meet which, in some degree."
87
Wheelock... LAND, ETC.
0.80 6.78
HK Land
02 31314 er 0359
5' Lid 1.40 11 UTILITIES
Trass_ko.. 29.10 Star Ferry_.._130
600 9.55
Germany took the States' place as second to Britain | on
United morn Soviet Union than they was registered.
in the list of leading ship are at present. It would mean The fall in duplon exports was builders. The amount of work industrialists have said, that the attributed to the recent decrease in hand in Japan dropped by Soviet Union would be able to in Shantung textile production
a third compared with nearly the second quarter.
The volume of shipping under
start mass unemployment in in the United States. Finland at any time she liked. simply by cutting down her im-
.
poris from her.
NOT WORTH MUCH
The chlef customer in October
Sweden and Finland.
was Brazil, followed by France,
Other countries
importing considerable amounts were the
States,
construction in leading count. fluctua- HK Hotel... 7.70 7.50 1500 78tries, showing tonnage
tions compared with the second
A further reason for Finland's Netherlands, Indo-China, West quarter, was as follows: Britain 2,100,329 tons gross, up 60.784; not wishing to increase her ex-Germany, the United Germany 651,527, up 108,108: ports to the Soviet Union under Britain, Italy, Burma, Egypt, Light (0) 13,60 13.80 300 13.00 US 364,882, down
is the fact 93,204; existing conditions
India, Australia, Hengkong. 1000 or 13.45 Netherlands 439,937, down 10, that slie has a surplus of roubles Macho, Thailand, Indonesia, the C. Light.) 9.03 0.70 1000 250 126; France 383.002 up 13,000; equivalent to about £14 million.
Argentina and roubles down 21,085 100093 Italy 303,273,
These
are not worth Electele...... 27,20 27.50 300 27.40 Sweden 331,660, down 43,172 very much to the Finns
Japan has been advised to Face. 030
Japan 234,555, down 100,032; they are not convertible. They reduce prices for silk goods Norway 188,400, down 7,001; can only be spent in the Soviel export by about 20 per cent, two Belgium 156,874, up
13.011; Union on Soviet goods or, under Government officials returning certain circumstances in some of from the fourth world silk can- Denmark 133,345, up 17,500.
the Communist countries
onference in Milan reported,
Mr Shoichl Terauchi, head of
of the of Agriculture and
Maceo Telephone INDUSTRIALS
Cement.....
23.00
-18 18.40
Hope
Dairy
17.20
STORES, ETC.
23.20
400 a 24,20 500 21.10
Watson A Crawford COTTONS
Ewo
23.10
23
2.43 1,60
12000
1500
goods.
since
suf-of
Ministry
head of
she Mr Sisaji Tokunatry, and
The tonnage under construc- Communist goods 100 u 23:20 tion in the world for countrier But none of these countries the Slik Bureau
other than the country of build can supply Finland with amounts to 1,805,205 tons, of fcient goods of the type Textile Corps 6.55 5.60 600 1 8.25 which 31.2 per Countries her a surplus of goods of the į Ministry of International Trade
is being needs. Instead, they force on
on the Textile Bureau of the 0.50 "Importing the largest amount type she does not want.
-New-York-
Stock
Market
built in
ΟΙ
of
Britain.
attended the six-
October 3 as observers.
Japanese silk
Items
and Indus which ended on
were
the Finna Earlier this year new tonnage are Norway
Liberia 456,514 tons,
402,000 tried to get round this difficulty tons and Panama 254,245 by selling to Western Europe Countries-making-the-largest some-of-the-surplus grain-which criticised at the-meeting-as
to buy additions to their existing fleets they had been obliged are Britain 1,702,358 tons, Nor- from the Soviet Union. -way 022,914 tons and the United lost on the transaction Stoles 525,097 tons.
Soviet prices, in Finland's ex
Progress Agures for Britain during the third quarter show stocks has that tonnage on
conTM actually decreased and a
tonnage siderable increase in
Thoy Kinca
worse in quality than those of pre-war and very, high in price.
A Government Inspection of
demandod.--France-Presse. perience are in many cases export silk goods was strongly higher than Western prices.
RUSSIAN REFUSAL
Mr Davis forecasts for in- dividual commodities were:
Wheat: With high production For several weeks, the politicovery or even, as one optimist in the United States this year, a
decline in further
exports thick with put it, as the air has been
wool Industry
seemed to be in prospect with rumcurs, slalements, and itself,"
our participation in the Interna counter-statements "hinging
He also explained why Aus
Lichal Wheat
only a Agreement whether Australia is getting traila_agreed to supply, subject value for money for its present to proper reservation for Aus- partial-buffer."
was good. Rice: The outlook tralia's own industrial needs, L unium production.
Little change Other grains: quantity of uranium to the Com- But for Securly reasons bined Development Agency for might be some shift from corn was expected, although there absolute secrecy has been main-milliary needs. tained on the price and the Prime
lo grain sorghums in the feed Superiority in atomic weapons grains total. Minister, Mr Hebert Menzies,
wus vitni.. he said, and to that said what appeared
DRASTIC FALL to be the
superiority Australia must con- final word when he told the
Cotton: Export sales of cot- tribute as best she can. On the ton had fallen drastically re- nation in a "mon 10 man"
question of prike, he declared: cenily. brezdecal that the flgarz was we had no desire to make a
New York, Nov. 4.
Soviet trade tolke in Moscow, Production in "satisfactory to Australia as the sale at a price which would in
competing
Wall Sirce took the Democratting out afloat is due to a seller and not dishonourable to
volve us in loss for reasons
arcas was relatively high and the election victories in its stride very low figure of completions, the Russians refused to agree to prices her us a partner in democratic
of competing foreign
Early prices reflected trader's During the three months, 47 resales like this to the West un- less such resales were ein- delence."
which every taxpayer
Blecks were generally lower hesitation, averaging a few cents
agree- preciate. But we also hnd 110 than in the United States.
Tower but the trend fürned up. 215 of 289,233 tons were come {bodled in a triangular
tons menced, 57 of 322,414
with the Soviet Union Earlier, the Supply Minister, desire to be profiteering at the
He thought United States
ward again when dermand ap- Jaunched and 47 of 218,987 ment, Mr Howard Beale, categorically expense of the common defence exports might be somewhat ocured for she high-gratie in completed. Abroad, 186 ships of herself as one of the corners.
The market If Finland
fluctuated could make such denied that any of the prices effort which may well determine
higher next year. because of| austrials.
711,810 tons were commenced.
with deals
moderately in the morning on Britain quoted in the press were correct. our own prospects
the low inventory of United
Trading was heavier than in 25 of 888,302 tons launched and triangular
have already ews that Indonesia is negotiat- States growths abroad "They are hopelessly short of future."
and the pre-holiday sessien en Mon- 233 of 833,874 tons completed and France--who textile day outing
been approached by Finlanding to sail rubber to Red China, pick-up
to 1,480,000 in bonic
There wws Western the mark and Australia is getting
and any other
now buying and activity in Europe,
shares compared with 1,340.000. China Mall Special.
who chose short-covering in the afternoon European countries Oils and fats: Exports should Of 1,163 issues traded 433 closed
to come in would take over from with an advance of about one higher, 428 declined and 302 continue to be good.
No. 1 rubber por 1b. Nov. 5541-537 were unchanged, while 23 made
December
a price at least as good as that pold anywhere else in The world," he salt,
While the 'controversy
will' op-
of a free
PEACEFUL USE
Australia also has plans for the perceful utilisation of stemte still energy. It has been announced that six of Australia's leading
that the capital's present popule-raged, groups of uranium_pros- sejenlists will form a Scienti- consumption requirements, much
tion of 1,120,000 represents an Increase of over 150 per cent over the pre-partition population. In Punjab 20 per cent of he population of 18,814,000 are re- fugees, but in the North-West Frontir Province the 51,000 refugees represent only 1.8 per cen-China Mall Steelal.
SWIMS RIVER AT 74
across
preters, equipped with counters and charts of the re mata areas, were moving into the once lenely Northern Territory. Supecs could bring them big rewards.
MENZIES' WARNING
The Australlon Government
Australian Atomic Energy Com. mission.
Among other things, this Com- mittee will study the possibilics of electric power generation from uraniumi.
Mr Thomas
Playford. Southi
has announced that it will be Australia's Premier, who is some- glad to pay on a allding scale up times known as "Atomic Tom," to £A25,000 for one single find is looking forward to the bane Mr Jack White, the Northern
when his Stato will tced atoml territory prospecter covered Rum Jungle Field. has cally-produced electric power to already received the maximum is householders.
reward.
לתיור
dii.
Darwin reports say
for uranium
ucceeful turn uranium
"In spite of a fairly good world balance between production and now lows.
A large group of stocks had of a point or more, incited- port is in the United States anding Texas Paelle Land Trust, it appears that other countries up $2 to $116, and Shell Oil, us must come to us if they are to 1% to $744, in olis, Ralls
closed with generally
Enall prezent consumption lobe. Steels eased. maintain levels."--China -Mail Special.
The New York Stock Ex change bond volume WDS st $3,550,000.
LONDON TIN
MARKET
ellers
BeLLern
United Press
During the recent Finnish
these
The
Rubber
Markets
Singapore, Nov. 4.
NEW YORK Finland some of her surplus cent, Prices;
Soviet goods and, presumably, increase their exports to Soviet Union
The one snag could
FOREIGN EXCHANGE.
The American Stock Exchange | Canada volume was 380,000 sharet,.
Exchange Rates
New York, Nov. 4. U8$1.02-3/3
England-officiat
the
January
|No. 2 rubber per fb.. Nov. 3411-569%
No. 3 rubber por lb. Nov. 52-521
Spot, rubber untaled ....
631-551 Blanket crepe pa
01-03
compensati01 No. 4 rubber per ib. Nov.
be, as is realised here, that the Soviet Union might conceivably No. 1 phie crepented Press,
want from the West goods of which the military importance
does not export to West countries behind the fron Cur- tain-China Mail Special.
Grain Prices
20-3/10 2.41-2.64 2.81-1/10 future
236-J5/13 Future
234 2,79 230-1/10.
02001 1450
.007855
2383
In Chicago
Chicago,, Nov. 4. Prices per bushel in centa;; Wheat, No. 3 red
10714 nom.
2018-25
AMSTERDAM MARKÉT
Amsterdam, Nov. 4. The rubber market was quiet but steady. Prices closed' as follows: T
....
buyers
Na. 1 rubber por Ib. Nov, 21.83 dana No. 3 rubber per Nov. 161 No. 3 rubber per lb. Nov. 133 No. 1 crepe rubber per lb. 1.73:
-United Press,
New York, Sugar Market
}.
Dow Jones closing averages:
30 industrials) ..
276.82
unofficial
30-day Do-day
20 rails
08.72
Australia
New Zealand
15 utilities
$1.44
South Africa
65.1locks
109.50
Belgium
40 bonds
07.18
Denmark
France
Comm. future price-
index
Germany
100.32 33 up
Foliana
Italy Untled Press.
NOTWAY
five tuns were
Portugal
Spain
Sweden
.1824
0171 620 61701.
Switzerland
Spot
Dec. 107 BO
MIDDLE EAST
11064
pila
2004-605
Business was done in the localypt unometalahatan, matkat
MAY
This
frun
morning, at the following "rates:-
Cath, No. 2, yellow
U.S.: dollar (per_01)
6,91
Spot
Sterling, nales. (par.
15.70
Deo.
Indonesian gulidera, fver: 100)
Slam, Vieals • (par: 100%
LATIN AMERICA.
March 1964
May
•Hjgapore," (Bizite)
Argentina Brati
olivia
July
Rye
134-123-
March 1964
Dala
Dev
2716
Margh
Baybeans," No. 2, yelldw
Boot
Jan. 1954
aunty
March
March
May
July:
nber
5.09 bta
Bbut
New York Nour,
-1b, eil
N. Back
31430 nom.
London, Nov. 4.. The tin market was seady. Port Elizabeth, Nov. 4.
The target date of 1900 for an Spot rose £244 to 2018, and Mrs Minerva Hutton, of Red- that the search
mentioned. house, Port Elizabeth, who has could very well become like the atomic power station has been three months: 107-to £6042 per long ton. Turnover was 20 celebrated her 74th birthday,gold rushes of last century.
tons of which In Australian Universities and But Mr Menzies has sounded swims dally, winter and summer.
ross the Zwartkops River and a warning of po
"Over-
Iaboratories, a sound core of for cash,
Spot in, buyers is being back, plays
of pounds, he scientific knowledge golf and tennis, optimism, drives her own car and reads said, might have to be spent built, up, although it does seem Business
Eble or usable result that when the time comes to 3-months tin, buyers without spectacles.
before
into power for Busines is attained. Because result would have great national industrial needs, Australia will arid and International significance, be looking to Britain,
United States to millions would be spent. But possibly the dramatic results must not be trade. "know-how" for material. In a few days or even Postscript: Temporahée Bodica month...
want the Supply. "Minister, Mr Australia, he explained, has Howard Beale, to re-rame Run Nuremberg, Nov. 4. not yet produced any real volume Jungle because they disilke the Four Stuttgart 2 gamblora | at uranium. -In searching for boost it givēs to hard liquer; signalled to one another what uranium, the Government is not according to reports from Con- New Shark cords they held with miniature backing a
a certainty but might Morse sets hidden In their trouser pockets, it was stated in be engaged one very chancy erra
She played her last games of hockey and badminton at 60.
with tennis "When I Anish and golf I will take up bowls," she said. China, Mall Special.
DOTTERS DASHED <
..
felt
Condon-Foreign
Some of Mr Besie's colleagues, palo Menzies hereby an
It necessary
to have suggested “Leanorside Zurich. They were sentenced to be explain this to the public hem Lodzo pa an alternative hat Copenh tween thres and five. months cause "thore had been some ex- there has been no official, move
violating travagant talk about uranium to change the name of this now. Loo
famous ', 'spotjim. wireless laws and for fraud.--, as if it was already, of the same internationally
significence as a great all dia- China Mail Special.
imprisonment, for
Chino Mall Special.
Exchange
London
“Indo-China, plastres (per 1001
JAPANESE BONDS Combi
inariese bonda
Cuba Mexico Peru
Venerubla
Thai
Tokyo (Tokyo!
yen to UsŞI
Uniled Press,"
New York, Nov. 4. World No. 4 sugar futures to. day closed unchanged to two ¡points: lower with sales of 274
contracta.TAKA KODIAKOTA
Domestic No. 8"
6, sugar, futaires closed unchanged. toʻ three points. 162924e lower with anies of 90 contracts.
Contract No. 4 (world)
24-14736 #:
165-1937-
} andates. (1954) NORWAY3:36 nominină
(335 516.
2,10
July |September
Bpocents per ib. fohi
5.10 bla
United Prem