经常
Newlyweds pictured in London are Archduke Robert of Austria and his wife, the former Princess Margherita of Savoy Aosta. They plan to stay in London for a short time and then to continue their journey to a secret destination for their honeymoon.-Express Photo.
THE CHINA MAIL, FRIDAY, JANUARY 22, 1954.
The World Revealed
More Of Its
Secrets Last Year
If you thought that the gimbing of Mount Everest by Sir Edwand HBary and Tensing Sherpa was the greatest feat of exploration and adventure taxt year, you might be astounded by some of the other achievements made by explorers and scientists during the year. For instance, scientists calculated that the Gulf Stream flows through the Straits of Florida at the rate of 100 million "bath-lubs full" every second: that a huge crater 185 yards in diameter was found in Northern Labrador: that the skeleton of an antediluvian reptile believed to be 50 million years old was found in Colombia; that special cameras have discovered new nebulae far out in space, and that diving experts hunted off Florida This article-a Chins Mail for a Spanish treamre ship which sank about 220 years ago. special feature from Washington-tells you of some of the year's exciting discoveries and explorations which, unlike the ascent of Everest, tlused the headlines.
While
atmospheric
from the conditions
Ontario Museum of Royni Washington, Jan. 21.
the dis- cancunced mountain top outpots in Alaska, Torento, the greatest ex-
water-filled and included.
expedition every of a round, ploration feat of 1953 was which claimed to have learned crater in the wilds of Northern indisputably the conquest of that the Gulf Stream flowed
Labrador. Mount Everest, in the re-the rate of 100 million bath-tubs
Himalayas, the full every second. National The
mote
at
Geographic
urvey
the
of the
The crater, 185 yards across. may be a "baby brother" to the much larger Chubb Crater.
steaming jungles and icy Society has listed many of Arctic wastes of the Wes- discoveries made by the various miles in tern Hemisphere were expeditions in a probably the favourite yene's explorations.
"Explorers were legion in the haunts of explorers during i
Frozen North during 1953," the year.
anys.
As such event; as the British
The Arctic Institute of North Expedition's success in scaling the 29,000 feet Himalayan peak, Armories sponsored 31 Arctic and and Professor Auguste Plecard's "ub Arctic
expeditions, 13-mun telp to largest a recording-breaking bathyscnphe 2580-foot Penny Highland
of the plungo
being cap on Baffin Island, north
Canada.
the
one
0.8
of
ray
TRADE and
COMMERCE SECTION
Page: 9
South Africa Confidence Returns To
Not To Devalue Its £
The
South
Pretoria, Jan. 21.
Governor of the African Reserve Bank, Dr M. H. de Kock, described as "ridiculous and unfounded" a rumour about devaluation of the South African pound.
He said the rumpur already had been reflected in consider- able exchange transactions ob- viously intended to protect the persons concerned against los in the event of devaluation.
He added that like the Mini- sters of Finance and Economic Affairs, he saw "absolutely no reason why the Union should He also sală the again devalue, act of depreciating the exchange value of currency In terms of
or many other currencies was nover lightly undertaken and only contemplated I cir cumstances forced it as the only way out of the country's dim- culties or if there was Fome
Боле
HK Exchange
Incident-Free Return Of
Anti-Red
PoW's
A Relief To The Market
By A Special Correspondent
The Hongkong Stock Exchange yesterday greeted with relief the news of the return of about 22,000 Chinese and North Korean anti- Communist prisoners of war to the United Nations lines in Korea with- out any interference by the Communist Armies apart from a few hackneyed threats.
Business expanded appreciably after being in the doldrums for the "" advantage to be derived. last two days and there was quite heavy trading in a number of local utilities notably in Trams, China Light and Dairy Farm shares and the turnover for the day was in excess of one million dollars.
In the "present and prospec live circumstances" of the Union, he could not visualist my net advantage from de- The valuation. On the contrary, he rould
obvious RCL
'dis advantages, such as further in- ternal inflation and distortion cost relationships of price end
further
dis Dnd
harmful
between furbances in relations creditors und debtors,
pro dorees and consumers,
apel employers and employees.
DIBADVANTAGEOUS
He did not know any actual or potential factors powerful enough to forge the Union to do something which would be economically disadvantageous to the country in the long run, if
also in the short run.
no
As to the decline of about
this
Brokers believe the increased activity in Tram shares and Electries taking both issues to a new "high" (Trams at 28.10 and Electrics at 30%) was due to hopes of higher dividends being announced by the two companies.
HONGKONG SHARE MARKET
(From Our Correspondent)
Business dono on the Stock Exchange this morning amount-
and the tlons:-
Brokers expect that the an-
by the nouncement
Marden of Texile firm.
Corporation their new issue of one for two at par and their almost generous
irst interim of 60 cents tax free
w Inject a distinctly
buillsh
Anglo-Thai Rice Negotiations
influence in the market today In Final Stages
and prices for Textiles should (See share rise considerably. list for latest prices),
The feeling was that Textiles first interim would not be more than 50 cents, therefore today's announcement came as a plea sant surprise to many.
the
Bangkok, Jon. 21.
| ́He Didn't Like
Bureaucracy
Karachi, Jan. 21.
A man was arrested here for biting a messenger in A Pakistan Government office.
The man wanted to see 1617 official. but Text A temper when the messon- ker asked him to write his name on a plece of paper. -Reuter.
Active Trading
In US
Aircraft
Shares
New York, Jan. 21. Strength in aircrafts featured a surrow, mixed market on the New York Stock Exchange to- day.
Aircrafts responded to Pre- sident Eisenhower's request for an Air-Atomic National Defence Programme calling for 40,000 operating aircraft. They ran up or more in nctive point trading.
ม
A few special issues moved t point or mere either way but by and large movement was very
HAITOW.
centa
Industrials closed 34 higher on average: rails dippod 30 cents and utilities six cents, Icaving
general market
the
Thai and British rice negotia-average down five cents on the tors met at the Ministry of day. Economie Aftairs this morning by order to settle the anal details
year.
The
Plume
from
the
of an
totalling lightened, shares compared with of British rice purchases this 1,000,000 yesterday,
Apart
aircrafts, Since Monday, it seemed
Ministry of Economic market took the President's It in stride. ed to $058,001. Noon quotations obvious that the share market Affairs announced last night that budget message £30 million in the country's
Was morning's transac-
apprehensive about two British territories agreed to buy was about in line with what gold
Wall Street had anticipated, and exchange reserves
poiltical developments. Chinese minimum of 278,000 tons and during 1953, except for on
investors,
д always
tride a maximum of 400,000 tore this
Gains in the aircrafts ranged underestimate of £5 million GHARES DUYERS SELLERS BALEs nervous of Communist dictums, year,
to 3 points in Douglas which BANKS decline was anticipated in
The British negotiators are had were concerned at the Peking
odded the
help JK Bank... 1620 1030
Radio attack on
Colony's headed by Mr I. R. M. Willis of announcement of a higher profit consequence of the official policy INSURANCES
04215 Unlon
Administration, blaming "Bri-❘ the Singapore Government. under which import control was
and a $1.50 extra dividend de- not only to allow for
SHIPPING all essen-
tish imperialism" for the loss of The That negotiators are headed claration. United Aircraft went 1.11 1.28. ป
the lives in of manufacturing, knőčŘE, ETC.“ needs
recent by the chief of the Fersign up to $48%. Bendix a point to
Division Ministry mining an
Kowloon fre. K. Wharf
There were also Trade and agriculture, and
...bog
of $83%, Bocing % to $50%. Most Dock
21.10
fears of
Luang active In Karca Ceonomic Affairs, Mr trouble
day was most urgent consumer goods not
issues of the Provident (0) 13
following the release of Chinese Thawi Srethpanichkarn. obtainable in the Union, but
(N) 12.00
North
Anti- Korean
A communique cald. that "re Burloughs Corp., helped by & to provide
Whoclock all capital
8,13 8.20 2000 14
30,000-share special offering. ay and
was un- to prisoners the zording prices 8.20 Communist
It
Some of the high-prleed offe equipment for huge public and
that they agreed United Nations authorities, but animeurly private development
moved widely-Ameräds closed as the Communists did nothing should be reduced in accordance grammes, the Governor Bald→→
up 2% to $175%. China Mail Special,
to apprehend their departure to with quality (of the rice to be
Of the 1,140 issues traded, there Formosa yesterday, buyers come purchased).
412 420 higher, There were" 44" new lower.
pro-
New York Sugar
niso circumference, which was scientifically studied in 1851. Both could have been formed by collision of a meteor with the earth 3,000 to 13,000 years ago.
Secking to solve nature's great riddles, the com- and origin of cosmic ays, a U.S. Navy cosmic the rays, a
position expedition launched "kyhook" lee-plastic balloons from the deck Paclic of of a seaplane tender in
waters off South America. another Muskrat "Operation NAVE
launched com. project. scientists literally flocked to the Over the North Pole N
from bination
rocket-balloona regions
Biffin A US Army expedition, test-n icebreaker lying off expeditions
Arctic Island, in the Arctic.
A new observation station for Wore overshadowed by the cut-ing the
gathering dala on cosmic raya movie and atmospheric conditions was glacier in Greenlund, The de-established by the University of new solate wastes of Queen Louise Alaska and New York Univer-
surveyed by the
floor to the
wer'c Tyrrhenian Sea carried
cxplorers out.
wild South America.
0.
Although their
North
Arch
411-
韭
Intest army standing achievements, they, too, equipment, mapped a two-mile- accomplished, and learned, some deep snowbank and umazing things.
These
ranged
Dn cosmic
fram
were
Prest-
Futures
World No.
LAND, ETC HK Hotel ilk Land ftumphrey Realty UTILITIES
Tram
112
13
4000
9.10 225
70 77 2040 7011⁄2 18.00
2.075
2.09 1.07% 29000
28.30 2015 500 e 20.30
Star Ferry...
148
C. Light (0) 14.70 16.50 2000 7 14.80 C. Larut (N) 1170 1100 3500 w 16.02 Electric
Telephone
... 20130% BCD 3014
INDUSTRIALS
Cement
Rநம் STORES, ETC.
Dairy Watson
New York, Jan, 21.
4 sugar futures today closed unchanged to 2 polnis higher with sales of 123 COTTONS contracts,
Domestic No, 6 sugar futures closed 1 to 2 polnts lower with Future tules of 460 contracts. closings:
March May 01
of the ancient civilisa-land studies
in Peru to British North Greenland Expedi-slty on top of a 14.500-foot penk in the Wrangell Mountains, 200 tion of the Inces
miles northeast of Anchorage, in rays and lon research
Two offlcers of the National Alaska. Cosmic ray studies Geographic Society, the
the top of 18,000-2001 Mount Cash Boxes Were dent, Dr Gilbert Grosvenor, and
Charalinya, In Bolivia, were Empty So
McKnew, retraced from the air sponsored by the Atomic Energy
Commission. They Threw Eggs!
the Secretary, Thomas W.
Commander Robert Peary's route
Contract No. 4 (world)
July September October March
24.70
Chinese
back in force and the turnover in the moming was $764,000.
BELOW AVELAGE
2009- 19.00 1500 29.20 300 16.69
to $1,080,000.
Although nique les extent of the
official commu
yel stated the price reduction,
were
highs set, no new lows,
The NY Stock Exchange bond volume was $4,070,000.
The
American Stock Ex- change volume was 500,000
There IN a reflection of the Press reported that the specu- between market's
In sentiments
the lated cut would be business of the last three days. US$14 to US$10 per ton.
Meanwhile, a Press report 10 70 10 30 1000 m 101, On Monday business amounted
said that the That Government was prepare:
600,000 On Tuesday had fallen to
to sell 14.00
$012,000
on Wednesday.
ions of rice to Japan. If true
20 20.70
even allowing for the fact that it would mean that more than 21.40 200 22.30 business is notlecably
viacker half of the 1954 estimated That 152220 with only the morning call, the rice surplus is likely to be dia
this month.-United tacks 95000 9.20half-day's business amounted to posed cf
Press 0.10 $280,500, which was well below
Textile Corp 8.03
and
Brokers do not believe that
895 the news of a decline in Hong- Egypt Seeks
kong trade of $72. millon
2000
3200 w
2000 ** 8.00
the average.
500 50
D
1000++
1000 Pr
3.12b 3.34 3.355
MISCELLANEOUS
Yangtze Yauma!!
41%
2000
t
143
40 # 140
ony extent
กร
3.306
3.330
Spol (conta per lh. fob Cuba) 3,32
Contract No. 6
March July
September Nuvember Spot (cents per in, cit NY
ex-dock)
the North Pole, Flying in an Biggest Water Meter May Air Force C-54. Dr Grosvenor was the first man to locate the
Call- On Palomar Mountain, Malmoe, Sweden, Jan. 21.
taking Pole from the air by Anding
fornia, astronomers working Disappointed thieves
photographs from all sides. the cash box almost empty in
with the 48-inch photo-telescope Canadian and United States disclosed that their monumental a dairy store here, worked off
af Ellesmere Island Sky Survey ig three-quarter their bad tempers by finging scientists
round the sought the source of great float- thousands of eggs
comprehensive T3 completed. ing ice islands similar to "T-3". shop.
Gurvey photographic or Fletcher's Island, which has visible
already universe Broken eggs covered the place
has Furniture lay served as on Arctic weather base next morning. strewn about slimy with yolks observatory for the last two yielded previously unknown as- toraids near the earth, new
The thieves took the egg with them into other unproduc- and offices in the tive shops some building throwing them on and even desks and counters stuffing them inside a radio set. -China Mall Special.
A
of
Institution
6.50 Unlied Press.
9.30 for 1953 effected the market to £10 Million
Singapore Rubber
Market
a decline
Wha
taken for Brusted in the
business community. Similarly From Britain.
the rise in exports from $488.2
million in 1952 to $685.3 million
is hardly regarded as a serious raarket influence.
London, Jan. 21.
The British Treasury is con-
shures.
Dow
Jones closing averagus
were:
Jan. 21.
เ เ เ ร ร
200.43
HO MA
15 lies
40 bonds
Comm. future price index Dow Jones pot commodity
price taday
Dow Jones future" comm,
price index A Moody's Javewors Service Lidex, 10 commodities
DO,30
53.67
100,70
1043
100.12
179.20
100.12
410.0 --United Press,
London Foreign Exchange
Holed
The action of the American sidering an Egyptian request to release £10,000,000 sterling to Commerce Department in lifting Egypt under the 1951 Anglo- New York
come controla on the export of Singapore, Jan, 21.
Egyptian Sterling Agreement, Montrepl non-cirategic
to Hong- goods Prices closed today as follows kong, while of
according to an authoritative Hamburg immediate 110
Brussels (In Straits cents per lb.):-
benefit to local traders, is resource here.
Dako No. 1 rubber per 16. Feb. 802-204
March
B01-001 garded in some business circles
The Bank of England released Paris Apri
383%-561% as a pointer to increased trade
with U.S.A. this year after the on January 3 at the request of Stockholm
the National Bank of Egypt, No. 2 rubber per lb. Feb. 16.30 No. 3 rubber per lb, Feb. 645415 No. 4 rubber per 1b. Feb. 81.512 41 p.e. slump in imports last £5,000,000 sterling, the source Spot rubber unbaled 651-50% year,
United Press. LONDON MARKET
London, Jan. 21. The rubber markei was steady after easy with No. 1 Res. spot quoted at 16-0/18 pence, Prices: No. 1 Row spot. 16-9/18-10-11/10
the
New York Metal Futures
New York, Jan. 21.
In
Load Jan.
11.750
*
10
Fob. Jan Feb.
11.720
84.906
Zinc Jan.
Copper Jark
Feb.
83.243
8.37 27.20b
20:55D
Telted Press.
Match
LONDON PRICES
April/Jung
Copper spot
Ldact
#port E-month
math
Jan.
Apr.
Jan. -Apr.
and whites and the Boor was years. Scientists from the Omec nobuire and clusters of nebulae carpeted with cocoa and sugar. of Naval Research continued ear out in space,
The thieves even appeared to their five-year study of weather
The biggest water meter have vented their anger on fluctuations on Teku Glacier,·} flower vases and pictures
and 30-mile-long, 1,530-foot-deep history was used by Woods. Hole
Oceanographie maps on the walls, all of which mass of fee and snow in Alaska. mensure the flow of the Gulf Expeditions made some im- stream through the 100-mile- were spattered with hard-flung
is- anthropological portant
wide Straits of
of Floride. coveries.
now, it was The averago Anthropologists discovered an estimated, WAJ 7,245 million ancient village site on the North gallons, or 100 million bath-lubs Knife River in Northern Mani-
every second. toba, Canada, substantiating · 8
Meanwhile, Smithtonian In- theory that prehistoric culture
4
went under stitution experts circled the top of the world. water in the same Straits lo Village sites belloved to have hunt priceicas historical objects Zine
on inhabited by an extinct Indian tribe before A.D: 1,000 from a Spanish ship believed to
220
years ago. have been sunk uncovered on lonely San
The Marine Laboratory of the Nicolas Island, 35 miles off the University of Miami continued const of California.
Its study of ocean plankton and
(senan-going)
Britain Provides Ships For Indian Troops In Korea
London, Jan. 21.
were
'Baby Brother' Crater Scientists worked with the silk
nets to a depth of 400
fathoms
The British Government is to The skeleton of on antedilu-in the Gulf Birnamn. provide two ships, the Asturias vian reptile, 50,000,000 years old, Ichthyologies from the Bing- and the Captain Hobson, to was found near the ancient city ham Oceanographic: Laboratory help carry back home the of Leiva, in Colombia.
of Yale University #indies" the Indian troops and Red Cross Vilcabamba, lost capital of the breeding," feeding" and anigratory workers who did
guard and Incas, wan the objective of habits of mit water Ush bláng administration work for the American Cleographic Beclets South America's weit const. Neutral Nations Repatriation expedition, which searched the
from the Commission in Korea,
Califorul collect
The
two ships will have Peru. accommodation for docut 2,100,
2,000-mile Inca highway in
One of 1110 worldw test for Biasa si intrive by. Natiśral!
cd
¿While
The Contrionwealth Relations bidden landa' the Chúéo Indian Once whnouncing this here country of paren, Panama, was History Foxpedition tonight, guid". Sho ́"British | Also, teplórét,
Government was "glad to be In the late summer, a 'reolo and spiders, and able to assist the Government gical team, sponsored by the amphibians, and of India in this way-Beuter. National Geographie Scolely and China. Mail Special.
All
Settlement house tering,
February
London, Jan. 21.
July/September Buyer Boller | October/December
02715 82214
210 210 *200** 20014
#27
70
pricre iau berting per long kot, -United Pross
CHICAGO GRAIN FUTURES
Chicago. Jan, 21. Prices por buetiolin Centerp
Closing Priors
J
2100
red
1976-2014
102-104)
1634-1036
164-17
17-1711
18-7/34-15-9/10
General markbis, clf basis, porte: January March
16-7/16-18-9/10 -United Pres
NEW YORK MARKET
New York, Jan. 21. Rubber futures today closed- unchanged to 10 points higher
with sales of seven contracts.
Futures closing:--
March May July September
Dvcumber
sald.
Zanich
London, Jan. 21.
2.81 3/10-2813 2.7334-2.7314 142-14% 11.6015-11.6015 130.90-130.05
20.00-20.00%
97916-794
14.50-14501
12.7116–12314. amUnited Press.
NEW YORK EXCHANGE.
Canada (dollar) England-official
Anomici 30-day fuburo 90-chay. Kabare
Although there is sull tale money available for investment, But the Bank had referred to there has not been a return to the Treasury the Egyptian Na- the boom levels of trading of tonal Bank's request for simul- release of another
Australia (pound) early last week when business tonecus
sterling. This New Zealand (pound) passed the $2 million mark, but £10,000,000
period
of sum is due to be released in the South Afrlow (pound) understandably
current year under the 1951 Belgium Hardc agreement.
profi-taking had to follow.
Brokers Expect the stock ex- change will find a level around existing prices which are, with one or two exceptions, fairly high.
UK Steel Output Up In 1953
London, Jan, 21.
US Commodity Markets
New York, Jan. 21. Erratic' and wide fluctuation in coffee futures dominated
Steel output in Britain rose mixed commodity picture to by almost a million and a half day
Cle
After passing the tons last year to a total of unit of two canis a pound of 17,000,000 tons, the Tron And
coffoo prices churac the start announced
nervously and dropped back to amarrow margin of the previous Pig icon production was also close, Cocos, also speculatively 20.106 up11,175,000 tons compared exclied, dropped the dally limit
20.03
29.03
Steel Tokerstkinda
here tonight.
20.30
BJ.10b
Unlied Premi
Closing Rater
Denmark (krone) France (Franc) ma dency (deastache marki Hound (guder) Italy-official” ..... Nerway (krONS) Pamut (escudo) Spam (pereta) Sweden (krone) Switoorland-free
FAR EAST
India (rupce}· Platan (rupea)- Hongkong dollar) Indones (rupčndi)
Japan......
Bogipore (strate dollar.
2.81 3/10
Jan. 31
31.03
2.04-2.07
2.81 5/29
2.81 4/32
2.81 2/10
22.015%
.002014
£450
200 yer to US$1 United Pres
NZ Trade With USSR
Wellington, Jan. 21.
Thio New Zealand Minister of
with 10,728,000 tons in 1862 of one cent a pound after a Industries and Commerce, Mr Exports of fron and steel wobbly start willespread crill Jack Walta announced, that York Cotton thelum in. in
during the first 11 months of Last year-Reuter,
New York, Jan,
over sky-rockming prices importing from the Soviet Union caused
greater hesitancy in both "Brifted quantities of a number markets. RUNKLE Ink & traders would be
Grains closed, mixnda higher evertones At Chicago, given an opportunity to import local wheat closed up to 4 cent; binoculars, ennierna, elgarettes soybeans up to or costs and tobacco, colton plece goods, At Winnipeg wheel ple bristles aclentine tril
akina, matches, newsprint.:
priced at 50%!
bushet for No. 3 Northern, and for No.3; it was at 165, contra United Press,
many statues and worka • Of alle konakvodien and sorns sy beu.
of wines-Mouter.