and COMMERCE SECTION
THE CHINA MAIL, WEDNESDAY, NOVEMBER 11, 1953.
Trouble Spot In The Middle East
INDUSTRIAL BOOM
NON
LEBANON
FLAKE HOLE
ORDAN CANAL.
ACRE
ISRAE
@GAZA
NABLUS JORDAN
SAMMAN
JERUSALEM
HAIFA
'TIBERIAS)
SYRIA
DEA OF GALILEE
NAZARETH
IDEAP
AFULA
ZUBUBA
JENIN
BESAN
BEERSHEBA
❤HADERAS
EGYPT
INDUSTRY IN 1948
|_ 2257_INDUSTRY SINCE 1948
TULKARM
NABLUS
KALOILIYA
JORDAN
TEL AVIVES.
RANTIS
JAFFA
KIBYA
RAMLE
BUDRUS
TIBNA
MEDITERRANEAN SEA
ISRAEL
EMIGDALO
GAZAS..
ERAFAH!
BEERSHEBA
EGYPT
BORDER INCIDENTS DEMILITARIZED ZONES PLANNED IRRIGATION
BEIT NABALLA,
AMMAN
JERICHO
JERUSALEMA
BETHLEHEM
ZIDNAS
HEBRON
DEAD
DAWAYIMA
ESEA
BIR ASLUJ
AUJA
NEGEV
MILES
AP Newsfeatures
25
Feud
Why The Arab-Israeli
Could Explode Into War
Why is Palestine, the Holy Land disputed for centuries by Arab, Christian and Jew, again on the brink of war?
The answer is not simple. Causes involve ancient racial and religious rivalries, a vigorous, new State in the old Middle East and inter- national bungling.
of
Are Imposed by the Nations more than four វាça.
United on
water
four
Is
When completed. israel's Actually, there is a technical salt troops, using morlars and
irrigation system will link the state of war between the new Bangalore torpedoes, took part.
by country's rivers and lakes her Arab State of Israel and
denied that Dav Tri-Axy neighbours: Egypt. Jordan, army
units were involved. A long-distance canals and pipe- and Lebanon. Syria
All that epokesman said, however, that lines, providing water require-
for more than prevents resumption full-such milltary
equipment had ments
people
than more scale fighting is a shaky cease-been issued to Jewish settlers million
for defence.double the present population. the frontier years What was operating, apparently, The problem Is to take
was, the old Babylonian code of
from the North, where eye for an eye, a tooth for is abundant and land ker and Since then, Israel
a tooth."
scarce, to the South, where the have signed no neighbours
19 'a dynamle new urid Israel
Negev is virtually un- Border
retaliatory State, growing fast in a region populated," bloody rlds have been frequent.
that is old, eroded and saddled
It is in the Negev that Israel with the despolism of centuries.
11.8 Some provisions of the UN.
growth. greatest Not only Israel's Arab neigh-expects armistice have not been carried bours, but all Islam fears that Deep drilling "techniques with
not out. Jerusalem has
Israel modern machinery have led to The New heavy immigration into internationalised. City is held by Israel, and the can only mean eventual Jewish discovery of rich water-bearing
Israci
was stratos in the northern Negev Old City, with Christian and expansion. Since Jewish shrines,
by proclaimed a State on May 14, near Beersheba.
has multi- 1048, 115 population Jordan. Arab
havelled nearly three times-from
850,000 to 1,050,000.
peace treaties.
tions and
held
vlola-
been
to
refugees not been repatriated even those Palestine areas left 10
lem under the partilion.
line
and
countries were
PROBLEM OF EAST-WEST TRADE Conflicting Pressures Put On Administration In Washington United States Still Without A Well-Defined Policy
New York, Nov. 10. East-West trade, especially Western Europe's trade with the Com- munist bloc, has bedevilled the makers of U.S. foreign policy ever since the Korean war started, the U.S. News and World Report said in a trade article.
Two Administrations → under Harry S. Truman and Dwight Eisenhower have been pulled in opposite directions, the report continued.
At home there is popular demand to shut off East-West trade; but abroad there is still pressure to let it expand,
Growing Problem For SE Asia
HONGKONG SHARE MARKET
(From Our Correspondent)
Business done
on the Stock Exchange this morning smount- ed to $010,207. Noon quota- tions and the morning's trans- actions:
SHARES OUTERS SELLERS SALES
BANKS
The current world, surplus or tin and rubber presents South-Eastern Asia with AN Senator Joseph, tremendously, That was when problem of growing com- McCarthy has spearheaded the strategic controls were still plexity, says the Financial
with in effect. Now there is grow Times, drive sil trade NEW YORK Communist China and to tighten ing pressure in Europe to scrap
STOCK MARKET
New York, Nov. 10,
In the US.,
JK Bank
... 1510 East Ala... 172 INSURANCES
Lombard... 0035 BOIL Unlon XD, 80215 843 IL HK Fire
183 SHIPPING
Waterboat
21810
39 170
1.35
2300
19.00 700 i 19.00 1.33
Asla Nav... DOLKS, ETC.
Dock
21.00 Provident (0) 12.30 12.00 0000 m 12.00
(N) 12
2 0.50 0.00 100 4.0
10006 0.00
2.85 7.00 2300 @ 1.83
the controls on trade with the there controls.
A world surplus of between rest of the Soviet bloc.
30,000 and 40,000 tons of tla is In
Some 200 British businessmen ikely, this year, but, depending Western Europe business
pres-
how ON sure on Allied Governments to gathered in London a few weeks
the Reconstruction relax controls on strategic ship-go to demand just this,
Finance Corporaton in the U.S. Meanwhile, Western Europe's disposes of its tin contracts with ments has mounted steadily in
with Russia and its Boilvie and Indonesia, the
S'hal Dack.. the past year, especially
since frade
satellites
Wheelbek has been dropping. plus next year could be smaller. the Korean armistice.
For the first five months of this This, of course,
will
LAND, ETC. only happen year, it was well below the 1952 if the present level of industrial level. The trade deals Moscow activity is has made in Western Europe there has been an encouraging maintained. But
Bur
of this
The report cald these opposing political pressures have put a real Stocks gave ground today in strain on the Western alliance a dull pre-holiday session.
At the same, time, they have The declines, while amount-opt the U.S. from forming a recently may push the year's re
on East- total up. Even so, this trade is improvement in US, consump
carlier part tion in the ing only to a few cents in most clearly-defined policy
not likely, to give Washington year and, at the present price un instances, were enough to give West trade.
uny headaches this year,
is a much more cecnomie pro- the market it most severe deeling Now the Administration has
Now the Administration's new position, for censumers than I since September 14. The drop taken the bull by the horns
emphasis on enforcing controls was a few months nga. WDS attributed largely to and set forth firm though over Enst-West trace mean irzders' reluctanes 40 semant
mit niddle-of-the-road-poltes. is a
The difffeulty which rubber war ..stepping up the
against over the holkday report themselves
is more, serious especially in view of recent Harold. Suisson, Director of the smugglers from Oslo to.. Hong-producers face
and it is one for which it is hard kang. sharp rises which carried the Foreigh Operations. Administro-
Stassen's report for the first to see
zolutien. The chilet list to new recovery highs and tion, tried to get the issue out time raised a corner of the cur difference between the two com- made some profit-taking лест
of the
Political arena and to re-
1niza of tecrecy that has modities is simply that there Is in order.
move Inter-dilled friction on the
blaniceted this underground 10 synthetic tin. wthout giving struggle. It reported cloak and subject though
cu ecntrols way at all
dagger Incidents like these: shipments. strategic
The Stassen report cut two ways:
I
Contrneticn in volume-to 1,340,000 shares from 1,440 000 shares yesterday-was seen as favourable factor, and com- mentators generally looked for a further phase of the rally following the holiday.
The dustrial
lo
Congress recenlly
over
1
With the price of rubber at its prezent low level, which is in many
instances below the cost of production, the existence
ON THAI BORDER Last August a posse of Thal of many estates is in jeopardy. police walted in the dripping For the Government of Malaya, Tholland- | the problem of rubber is not Jungle dawn on the
churned Laos frontier., A · cur
merely a loss of revenup but a
trade toward them along the mud-metter of the profatitidest
D
SURPLUS SUPPLY
MORE IMPORTANT Stassen takes issue with the desline pored the in- McCarthy view that all
averages $2.37. cul with the Soviet bloc is bad. The w rails 80 cents and utilities six report stressed that the overall red road. The poste epened political importance.
* fire. The four occupants of the vents with allowance for ex-political, economie, end mliitury | dividends weighing the strength of the Western allance the car were two bazookas,
car surrendered. In the back of
averagea.
is mare important than West- } 100
Home mortar, a gun, seven grenades, Out
of 1,102 issues iradea East trade in non-strategic items two complete acid transmitters there were a few good gains in even a few isolated frude and receiving sets-bound for He deals with Communist nations the oils-two points in Pan
mises Chi-minh's Communist guerillas in strategle goods. It recognises American Petroleum, 114 that many U.S. altes dependin Indo-China,
on foreign rade and Across the world, in the free heavily
of Copenhagen, 籍 Iew can't afford to pass up markets a port
anywhere. months earlier, a cargo declared of supply
10 What's more il repudiates any landed"
be alloy steel was being un-
far Transhipment attempts by the U.S. alone
Rotterdam. One case toppled Ex-throttle East-West trade.
Berber Oil, Tá orch in Cits Service and Pacific Westeri.
Steel changed.
stocks
The
were
Stock New York change bond volume was $2,770 000.
He
at
sources
HK Hotel
11K
... 04
BOB 84
200 04
400 CF 05
Shui Land 1.35 1.45 5000 in FAN Humphreys, 10.00 UTILITIES
Train
..... 25.79
Star Ferry 137 C. Light (D) 13.
leht (N) DAN
Electric ... 27.70
Memo Elec 0.00
3000 @ 16,70
1000 25,00
139
“14 1000 47 KLINI
$300 13.00
Don > 23,60
1100 of 27.70
Telephone ..20.80 23.00 784 (231;
INDUSTRIALS
Cement STORES, ETC,
Dairy Wation
200 25.00
10.30 1814
23.30 23.40 4100 22.30
00ה 25
23.00 Crawford
COTTONS
Ewo
2,45 1000 @ 24235 6000 @ 2.40 Textlio Corp. 4,00 7060-04 0.05
The Rubber
Markets
Dec. 5013-07 Jan. 861-57
In the first half of this year,
Singapore, Nov. 10. world consumption of natural
After opening slightly lower, rubber was rising to meet pro- duetion, but this trend appears the market steadied with sellers now to have been halted. The reserved all day. Prices: original surplus of 193,000 tons No, 1 rubber per lb. Nov. 2011-5715 forecast by the International Rubber Study Group for this No. 3 rubber per lb. Nav. 53-559 year may not, after, all, be so No, 3 rubber per lb. Nov. 83-53
No rubber per lb. Nov. 484-4013 wide of the mark...
Spot rubber unbaled
50-50% Blanket crepa
03-55 There is no prospect of any No, I pale crepe
United Press, to the whart and broke open. immediate action from the Lon The U.S. News and World
LONDON MARKET The Danish port officials Imdon meeting of the group and, Report said that Stassen pooh-mediately
London, Nov. 10, ordered the whole at the same time, the proratec the belief
The rubber market Wos The American Stock Ex-poohed
confiscated. The ship made In May by American steady with No. 1 Ras spot 300,000 abroad that Western strategic cargo
was high-grade nickel representatives at the Copen-austed at 10-15/10 controls arc cutting Allied ent
pence pr 11sed
Kun barrels
and hagen moeting that, the US. b. Prices: Dow Jones closing averages: nations off from vast, profitable
alloy steel would buy as much natural No. 1 spot Rs 16-15/16-17 markets, The eat xcal 273.89 Eastern
is of much less strategie { rubber, as was offered at prevail. Settlement llauna terins:
Dee 07.41 | reasons for "the" sharp drop
The importance.
ing prices will not be translated | Jan/Macch 51.30 trade with the East, says
Palice are working on the into action. 45 stocks
105.50 report, are the Kremlin's drives ease en suscipion that the nickel
absolute
of control 07.20 for
the 40 bonds
bound behind the Comm. future price index 159.70 Communist economic system and
-United Press.
Intensive industrialisation of the satellites and the ponderous inflexibility of State-controlled economics.
change volume Wus shares,
-30. industrials
20 rolls
15 utilities
Output Of Rubber
a
growing
munition, not
four-
its
|
Wits.
to
Apri/June
July/Sept.
Ciť basis, port Dec...
17-1716~
17-172
1815-17 Jan. 174121
Estate crepe rubber thick unquoted
thin 19
United Press, AMSTERDAM MARKET
Amsterdam, Nov. 30. The rubber, market was quiet
import agreed
inter-
with
cr- succeeding.
The law uses a complicated restriction plans which were nol No. 2 rubber per ib. Nov... stem of international
the
U.S.
buyers could effectively prevent any No. 1 rubber per 1b. Nov. 1.09
from No. 3 rubber por lb. Nav.
No. 1 crepe rubber United Press.
1.04
1,50
137
endless
NEW YORK MARKET
Iron The solution might seem
be for the producers of South Curtain
And so the trade war goes on.
East Asia to band together to Smugglers
their LSO one sci of control output in
own weapons: forged documents, interests. But this again is no bribery, razzle-dazzle shuttling real answer to the problem. For What actually emerged from of contraband cargoes from ship the existence of the synthetic but steady, Prices: the Slussen report is a
10 ship and free port to free rubber Industry in the U.S. point policy on East-West- trade: port.
The U.S. will continue to seek Allied backing for curbs on alrategic trade with the Soviet
ou export censing, bloc as check-rein On national agreements on
And from the strategic point
New York, Nov. 10. But: milltary build-up. Washington, Nov. 10.
lists of embargoed goods, Inter- of view the U.S. cannot be
Rubber futures closed 40-35 ship blamed for nurturing the Tac
MORE FLEXIBLE" national agreements on Commerce Department
of 7 chartering and bankering con- synthetic industry, The prob- polrits higher with soles reports that world production of
Washington will use #
more trois. To gain even partial lem of natural rubber Is not, contracts.
centred in the Mert intercs? have therefore, one which natural rubber in September
mounted to $40,000 long lons flexible yardstick in judging victory, the West must the
Spot No. 1 Rus the East is ght co-operation amon bringing the total for the first what trade with
handled alone by producers nor spot market.
international were quoted at 2012 cents per lb. Allies and unremitting vigilance by
by slow-moving nine months of the year to harmful.
1024 | December 1.265,000 tons, according to
The U.S.
discourage among customs men and host conferences. It needs to be March (1954) won't
Govern- May the Soviet of other officials-United Press. faced urgently on a timates. of the Secretariat of the Allied trude with International Rubber Study Union and Eastern Europe in
ment level and it can only be July
September Group.
solved with the co-operation of non-strategie roads. The Ad-
Decenthtr icels that C51 Output in the first nine months ministration
concludes. balance Western Europe gais as of 1052 was 1,295,000 tons.
from World consumption of natural much as the Soviet bioe rubber was estimated at 132,300 this trade,
The Administration wlli moka lens In September, 1,170,000 tons
tun be
Commodities Inthe U.S., the Financial Times
America
LONDON, TIN MARKET
New York, Nov. 10. Leading commoiy merkets were active with coffee and cocoa in the lead, reflecting the
London, Nov. 10. and pre-holiday covering,
The day market us easier. Spot Grains were narrowly mixed fell £711⁄2 do £0174, and fh;th-
these figures totalled 9.350 tons, desperate need of Western goods armness of the primary markets |
--to
to
the sue
tor
Turnover was 85 tear-of
Spot in, buyers
Ballers Business 'd-month tm, buyers pellers Ilus!
Settlement
DIA DROG
20.43 bld
20.4 bid.
20.43 bid
2045 Did
20:45 Dia
-United PreEK.
Exchange Ratės
Business was done in the local
_market this unofficial exchange murning at the following rates: UB. dollar, (per: 45) **** Starling notes (per 1) Indonerten guilders (per 100) Blam Beati (per 100) Bingapore (Straits) Indo-Chine plastres (per: 100)
London, Nov. 10,
Japanese bonds
BOTS
"A" (4 of 1800) ug 245 of 1910) "C" 5s of 1907)
45
114/
87:
143
70%
60731
Küsited Prim.
ARADS UNEASY
in January September, and a distinction between Red China 1,007,500 iers in January-Sep- and the rest of the Communist
camp The descrt appears to contain
itmber, 1952. Estimated imports
US. omelets think Mao is in In five and one-half years, a veritable
DI storci jute
to Russia and China Included in Stato has minerals. Exploration has un- Many of the armistice terms the new Jewish have proved difficult, if not mechanised Its agriculture, in- covered deposits, of copper,
85,050 tons and 112,250 tons,both non-strategic and strategie The creased acreage under cultiva polash, phosphates, some of the
io carry out his plan for impossible, to administer.
respectively,
dustrialisation. So the U.S. truce line and demilitarised in by 250 per cent, founded a finest glass-making sand in the
for continue
as traders evened up before the months £342 £00 per long JAPANESE BONDS zones cut through towns,
of new industries and host
Up.7,500 tons from the Decem-will world: ceramic clays, mica and
ber 31, 1952, position, world tougher curbs on trade with Government crop report. separate villagers
their embarked on a gigantic national porcelain. from
he At Chicago, wheat closed un lands: Formers, who have to Irrigation programme.
stocks of natural rubber at tho China until Mas proves that changed to off, soybeans of which 73 toro wire for cash,
were has The Arab world has watched work to cat,
dropped his cross the
The inset on the accompany-
end of September. 1033
***xpansionist repeatedly.
pizerd at 823,000 tons consisting plans. But for wen't be, any to up tent, ing map shows how Industry uneasily the booming growth
AT
Winnipeg,. wheat Was work of Israel's population, industry, of 235,000 tons in. producing ultimatums to Western Europe Recent border Incidents have has boomed in Israel.
its ambitious countries
tons in con- on this issue; the unity of the priced at 182 cents per bushel raised the Arab-Israeli, tension on a Jordan River public works agriculture and to what Muj-Gen. Vagn Ben project was being rushed until irrigation and power projects cou
e - (excluding Western alliance will be given for No. 3 Northern, and for No, suming
of D. 165 cents-United Press. Russian and Chinese stocks and precedence over nike, the chlor U.N.
truco Israel agreed to suspend. opéra- while its own
Government stocks in the United China, trade. supervisor. called the "breaking tions, pending U.N. Investiga-virtually standing still. point." When feelings run tion of a charge by Syria that
There is nothing radically new diversion
of the United States, the United Kingdom and The failuru General Bennike the
project that high,
Nations to put through inter- warned tho U.N. Security violated armistice terms.
[nationalisation of Jerusalem, to
Excluding USSR, the synthetle down in black and white for the Council in New York, "guns
MOVING FAST
Implement repayment of dis rubber, production in September Brat time. And that's already Ad off by themselves" and the
placed Arabs for their vast was 67,800. tons.
helped to clear the air between temptation
force 19 to use
Israel's national Irrigation property holdings, to forec In January September 1953 the U.S. and its allies. almost irresistible.
plan, shown on the large map, }{hrough ✡ settlement of the world consumption of natural BOUND TO CONTINUE is still in the blueprint
stage refugee problem, all have con- and synthetic rubber totalled but preparations. Bre moving tributed 10 ancient Moslem 1,825,800 tens compared with Still, the tugging and hauling New York
1.720,000 long in the same pero East-West trade is bound to go The latest explosive Incidont fast. Two modern pipo manu suspicions.
United States was an Israeil rald on Kibyn, facturing plants were establish-
These have built up into an
Cunt a Jordan frontier village, which led last year. One makes steel
sumption increased to 1,050,940 on: That trade is now expand-arch followed by 48 hours an Arab pipts from imported ores, the explosiva situation which, as Bennike told the U.N. cement Gen.
tona from 917.026 tons and Ing in just the ured-mainland Copenhagen
Stockhoun rald, on the Jewish village of other turns out huge Yehuda whero.
domestic sources. Security Council, endangers the foreign consumption excluding Chinh hat the US. Ukes toast. mother and sections from
pumping security of the Middle East and Russia and Chino dersized to During the first five months of an her two children were stain. Last year 30
725.600 tons from 609,800 tons, 1953 Western Europe'strado Hamburg the security of the
Baked Mar were
completed on with it The Israeil raiders killed 53 stations
[with Red China shot way up world. Associated Press.
United Press, Mordanians. UN. Investigators 'regional irrigation projects.
OLD CODE
water
now
:
"D" (65 of 1924) “g” (54», of 1930)
(Tokyo 548 of 1926)** "G" (Tokyo is of 1012)
France) and 102503 tons afloat. in this policy, but it's been out London Foreign London Metals Consol
Montreal
Exeliange
within the Western world over Amsterdam
London, Nov. 10. The metal markets, were all steady, Turnovers London, Nov. 10.
· Wero - 700, 1901 1710-21 3/18 150 and 900 tons for copper.
ilcas and zim. roepertively. Ben
Copper
buyer sellers
221
140120-140.30
19.5315-19.30 17,2016-17.201
79.81-00.10 12.70-1.714 20 1/10-10 3/14 United Press.
Spot.. 3-mantha
Notember Furuary
Zine
November
*75%
February (134
2748
Unlled Press
-United Press.
BOMBAY COTTON
Bombay, Nov. 10. Valuss steadily deteriorated. onthe, collon – exchange today under the impact of continuoLIS liqulilation by, butis, beard yand option dealers,
Prices receded gradually, giving away mil of Tast week- end's galni There was no buy. ing enthusiasm.United Press.