Page
MEXICO 83% $3
·U. S. A.
GUATEMALA
63%
[EL SALVADOR
62% $47
HONDURAS
74%
[NICARAGUA.
71%
531
COSTA RICAI
63%
67%
PANAMA
66% 87%
ECUADOR 65% 54%
PERU 56% 28%
[BOLIVIA 41% 66%
CHILE 52% 57%
Conference
CUBA
75% "0.
HAIT 70% 5-1
GOOD NEIGHBORS-GOOD TRADE 20% OF U.S.EXPORTS IN 1953 WIENT TO LATIN AMERICA 31% OF LATIN AMERICAN EXPORTS IN 1953 WENT TO UNITED STATES
ACUDOM REP.
64% -17% | | VENEZUELA..
69%
30%
CARACAS
COLOMBIA 66% $21
"BRITISH GIRANA
REDA OUSTED
0%
BRAZI 42% 52
PARAGUAY 23%
3
URUGUAY
26% 24%
ARGENTINA
18%
25%
| PERCENTAŬ? OF COUNTRY'S TOTAL IMPORTS
COMING FROM V.5.
PERCENTAGE OF COUNTRY'S TOTAL EXPORTS
GOING TO US
COMMUNI5) HOTBED
SITE OF 10th INTER-AMERICAN CONFERENCE
THE CHINA MAIL, WEDNESDAY, MARCH 17, 1954,
At Caracas
On Colonialism,
Coffee & Communism
By Sigrid Arne, AP Newsfeatures Writer
The American delegation is operating amid a difficult set of cross-purposes at the Caracas, Venezuela, of the Organisation of American States.
งาน
conference
TRADE and
COMMERCE SECTION
DELIVERY
SLOW
CRITICISED
US Report On British Knitware Exports
London, March 16.
Delays in the delivery of British textiles to United States markets are criticised in a Report published here by the American Chamber of Commerce in a Report written by Mr R. W. J. Simmons, Chairman of the North American Buying Offices Committee, special sub- committee of the American Chamber of Commerce in London,
a
OF
US Exports Fall In January
Washington, Mar, 16. The Commerce Depari- ment reported today that United States exports dropped 16 per cent inst January as compared to a year ago.
about Exports totalled $1,000,000,000 last JunWRTY and 31.203,000,000 in Jann- The JamBI”Y,
1954, level niso represented" a drop from the preceding month of December, 1953, when the expori total was $1.349,000,000.
Importa also dropped, thin totalling $837,000,000 January and $922,000,000 In January, 1953. United Press.
Reviewing the position of British consumer HONGKONG
STOCK Christmas, EXCHANGE
goods exports to the United States, the Report says that "most of manufacturers of knitware: were late with deliveries. In many cases mer- chandise arrived resulting in serious inventory problem and carry- overs into 1954.
from
just prior to
**Regardless of complaints, compete with the domestic
al purchasers, manu-suppliers, the report states. facturers do not seem to have
"The demand fer high grade resolved this delivery problem, pyjamas and ruin-coats con-
"Spinners
fornues."
are
blamed
late delivery of yarn, aben før
poor spinning, resulting in slowing up of production.
the
"While the acceptance of the classic T-shirt continues to
the decline,
maintenance of by quality the tew
manu-
The combina-
"In this day and age excuses facturers interested in the North such as these are no answer to American market has redounded
problem, and either the to their benent. manufacturers must restriction of superlative quality with books to known capacity, or adaptation to US requirements the spinners must be made to understand that their 503- ultimate
The Organisation can
ponsibility is to the dicker about any problem that hits the Western Hemisphere, from the northern border of the United States to the southern tip of Argentina.
US.
nations now investments in
Long-Range View
The trouble is that the United States specially wants one top problem solved, the control of Communism in the hemisphere, and the 20 Latin American nations are putting the emphasis on another problem -economic development and a steady trade with the United States. Communism hay u hold in only In Lakn America. These Gov- order to reduce the US govern- one native in the hemisphere, ernments are wary of any inter-] mux debt. Guatemala.
Government notional move which might, con- US trade experts leel that ir ndiligence says tha:
Govern- "fellow cavably, permit cutside notions the South American ir, velk: เn the Guatemalan
inio events to inquir
Latin!
ments want a more even trade Government are op nły appoint- ! Americ
with the United States they Communists to key; A: Catens there will have to should be ready to ease the path governmen: positions.
be a good deal of man-to-man for private Ainerican investors.
the ARf the Latin Icantik, and most of that off Whether
Puert the
hamper foreign Nationalists are Communists cr terd, to awaken Latin Ameri- threat tan Governinis to the Communist-inclined
debat- 13
some way or another. Prz-conferetico ible. The Nationalists say of Commanista.
the sald NOT: that their party
reports simply intelligence
State Department experts, wants Independence tor Puerto United States would get support
for its
Communism stuck!
who have to take the long-range Rico.
view, Kuy that Latin America the Just as
first from Venezuela, Colombin, confer:nee WTH
Peru, Nicaragua invil
now piling up capital at a high epening in Caracas on March 1.
rate. In addition, its population Nationalists
the Dominican Republle. prayed US Heuer
On the other hand the Latin may double in the next 50 years. of Representatives
and the countries want som ussurance If the United States bull:ts ad
can remain ezuntries they can sell steady amount of Latin
trade
south the frindly.
of th: steady prices, That hertic afternoon recalled, gouds, t
United States.
b.der can become a more and the one rn which the last
The trouble is that most เท่ onies on conterence opened, in
more important market for US factories. are dependent on one or Buget, Criombia, in 1948, Kiols them broke ut then resulting in the two major products for wrecking of the centre of the city abroad, such as coffee, wool or
purchases and the killing of around 1,500 nitrates. US
down DVC people. There was a belief the grue up and
volume directed, | year?, This wore Communist but the riot leaders disclaimed prica. the charge.
umber with
me niembers of Congress,
hit
Or
Mr Dulles would like to see the Caraes conference adopt strong resolution to crack down on Communists throughout hemisphere.
But the Latin
the
beth
Even
the
sules
is
The United Stal:s will play a quiet role in the quarrel over
nk with the general public which necessitates merchandise being made
at the pyschological time".
available
has been marked.
As regards carpets, the Report states that acceptance in Canada remains at a high level with an increase of approximately 33 per cent in volume. in 1933, but there was a further decline in United States, However,
states exports to the the Report
the inability of British that shipments of pure cashmere due to and lambs wool were again maisers to meet elther domestic
for or European competition. especially high, very
"It is interesting to note that] women's wear in 1953.
exports of woolen and worsted and manufactures to the yarns a cot
United
decrease States show
Among other textiles, tinued decline
in the demand
for linen damasks is reported, et £1,500,000, while to Canada owing to mere informal ways of the increase amounted to 50 per Le, laundering problem, and cent (£8,000,000)-China Mall the development of plastics and Special. other materials for table use.
MAINTAINED ITS GRIP
But Lancashire continued to maintain its grip on the market for cottons, especially in novelty
fabrics women's
and for both men's
wear, and home
Retailers
ທາດ are
and
Interested in the comparative short runs that the progressive mills are able to after, and by producing the greatest variety of new ideas
it is possible to
Standard Oil
Cuts Output
In California
TEXTILES
Indonesia Seeks
Wider
Trade
With Communists
Djakarta, Mar. 16. Indonesia is short of foreign exchange and is greatly attracted by prospects of trade with Com- munist countries, observers believe.
Two recent moves by Russia are attracting interest here; Russia has indicated she may buy 100,000 tons of low grade rubber and this has raised hopes that Russia would send power equip- ment, machinery and consumer goods in return for raw materials.
Russia has also shown wiling- indely to pay some મ bor debts in the form of pay- ment which Indonesia would welcome.
NEW YORK
STOCK
MARKET
New York, Mar. 16.
There have also been reporta that Russia 15 Interested in Indonesiam in, although no de- Amite Agures have been given.
The other Russian move offer of technical help-bos also created interest although most (From Our Correspondent)
official are waiting for some on the Stock | defnite offer. Business done
amounted 10 Exchange today
Noon
Loft Inclined Indonesian quotations $604,688.70.
clala have heard reports of the in a hesitant stock market and the morning's dealings:-
work of Soviet technicians in today. central Asta und Cutna. They SBARKA BUYERS AELLENS SALES
The market opened substan- are particularly
and bridge construction tially higher in an extension of road
the rally underway of the close and power.
yesterday, and subsequently just
BANKS
IK Book ... 1003
10 @ 1600
20 6 1000
20
1065
4 1065
10
1005
100
East Anla
INSURANCES
Lombard .... 55 Union ...... Underwriters
DOCKS, ETC.
K. Whert XD Dock
Frovident (0) XD Hongkow Wheelock
LAND, ETC.
BCG
4.00
7
eg
21 2.40 000
21.40
500 21.40
500 @ 21.20
13.00 12.70 000 12.00
5.4.40 7.00 8.03
HK Hotel XD 9.03 0.20 1000 # 9.10 hk Lagd X 5815
Goo 10.40
S'hai Land
Humphrys
Realty
UTILITIES
..1
18.30
2.12 2.20
Tram XD ... 27.84 28.70 Star Ferry
131 134 100 133 C. Light (0) 10.20 18.30 2000 # 10.10 2000 @ 10.10 3000 16.2D
500 18.20 500 $18,20 200 16.20 2000 # 18,20
300 # 10.20 700 f 18,20
C. Light (N) 23.10 13.20 1000 13,10
500
23.10
500
13.20
2000 13.20)
314 315
200 or 3145
Electric XD Telepe XD 28 40
USTRIALS
San Francisco, Mar. 16.
Standard Oil Company of California today announced that it is reducing its daily | STORES, ETC.
have colonialism", resentment New York Sugar production by about 6,000
the
-
held
انه
Market
New York, Mar. 16. World No. 4 sugar futures io- to one day closed unchanged
of 108 point lower with sales
the of Latin at European Govern- andments
controlling portions
In particular. South America. There is very little the United Guatemala will reassert its de- them mand for British Honduras, and States could do to
of sort but exe:pt to set up a
again, Argentina will demand, Latin America, the British
Falkland New Deal for with subsidies that would keep | Islands. www.
The United States will claim contracts, prices stable. State Department
States that these matters of territory pations have
experts fed the United
'Domestic No. 8 sugar futures little" very
IO: are not a proper subject- had a long battle to free them- "can probably do
Colonial along that line. Congress feels debate becurus: the European closed 1 point lower to 2 points selves from Eupeon
D subsidies
other colonial pawers cre not repre- higher with sales of 210 powers. Britain, the Netherlands American
'tracts. sented at Caracas.
US policy
work is 10 "ultimately", to the point where colonies are given the chance to they vote on what Government want.
The United States has sel the pattern by giving that choice to Puerto Rico,
and Francs still have toc-holds countries should be cut down in
New Role For National
Servicemen
National Service men are to be trained in Civil Defence for the last two years of their part-time and if war comes will form mobile service columns for blitzed areas.
Parlameo- months after Mr Nigel Birch. tory-Secretary to the Ministry war.
called up.
im
DVET.
volunteer
Civil
There will be some lesser debates in so far as the United
States is concerned.
con-
World futures moved irre gularly on a quiet intra-dealer business while
raw prices held unchanged.
Domestic futures were quiet, reflecting a slow situation in the raw market.
Future closings were:
Contract No. 4 (World)
May July
Like Chicken Pox On is the matter of "pcitical which lệ Important sylum", among Latin countries revolutions have erupted the outbreak By then; it is presumed. chicken pox. An unstated cader et Defince, told the Hous: of the fist phase of aftack on takes safety in a neighbouring Commers that early in a war the civil population would be country or its embassy, and his
own ecuntry gets irritated. the fighting Services would not
Peru and Colombia are need all their TiserVCH
It is hoped that the new plan mediately.
will stimulate the recruitment brolled on this subject.
Five years ago Defence
Colombia Because of this, many RAF of National Service men have not workers when another intensive granted asylum in its embassy for aflicial campaign opens shortly. In Lima to Victor Haya de la
left recently been
All At the end of January the Civil Torre, a part-time yearly training.
taken 302,018 leader. Peru has these, with others from the Defence Corps totailed
200-case to the World Court, as yet Army, are to be given a fort men and women nearly
short
ortimated without drelsive answer. (! of an night's training in Civil De-000
establishment of Latins overal timce have ex- peace-time fence.
pressed fear that exhid: leaders | valled Press. Next year 18,000 will be 500,000.
used asylimin
other
·I have. CRITICISED selected; in 1850 a further 15,- 000, making 30,000 that year in Deflelency is mainly in the countries to work up now
men's branches of the Service, volutions at home.
The US delegation hopes the ant, under their own officers, by the Women's Voluntary
much... nearer full able to settle this question by to Civil Defence training vices, are
themselves. sirength. cottired.
[Editor's note: Since this article The Civil Defence "arranias- CALL-UP
written, the
American They will concentrate on tion' was severely criticised last was
Secretory of State Mr Jckin dealing with the immediate December by the Parliame. Foster Dulles superded in per effects of atomic bomba and Select Committee on Estimates. heavy rescue work.
A Home Office spokesman | auxking the Conference to DANI
all.
barrels in California be- cause of "excessive above- ground accumulations heavy residual petroleum stocks."
Cement XD
18.40
3425 + 29}{ 1000
281
oni-
Kerest: in
to sell
A few strong spots in oils, aircrafts and rails featured
The thric trade agreements dividenda
with Poland, Czechoslovakio and
Hungary
ย
But existing agreements with about erased yesterday's losses.
Last minute selling, however, China and Eastern Europe have been "unsatisfactory", necording brought the averages down 79 te informed sources here.
cents in Industrials, nine cents ian rails, 26 cents in the utilities. indonesia wants
ut truders raw materials rubber, tin and The hesitance
commitments stemmed copra mainty-and get in return extend
capital from fears that Congress would foreign exchange or
substitute 好 rise individual of the goods for development
Income tax exemptions for country.
plan to ease double taxation on
Losses were small in all but a which Indonesia has few instances-Corn Products
down cach shows
24 a Refining
points, already signed
surplus
for United Aircraft," down 1; Texna substantial trade Indonesia, but the surpluses are Pacing Land Trust down 3%;
Southern frozsh in currencies which con-
Pacific and Union not be converted in the United Pacific, each a point lower.
through the West A good size 1st of stocks ad- European Payments Union to vanced and, out of 1.172 Issues bust
the things Indonesia needs. traded, 445 were higher, 400
giving tower.
Sales volume declined lo since 1,340,000 shares-lightest Feb. 25 from 1,880,000 yester-
Ꭶ . day:
Good guins
måde were
by Seaboard Oll, up 2% points andi a point in the olts; Amerada Rock Island, 1 points in the and Boeing roils; Douglas 24
points in the aircrafts. Consolidated-Vultee Was the active leader. It rose $224
States
ΟΙ
"It is as if we
are
them a loan, one cflctal said,
Another trade Dgreement
of
been has
which Indonesia recently com- cluded with China, providing for the sale of 100,000 tons Indonerian rubber; shelved for other reasons.
Indonesia, as a member of the United Nations is observing the United Nations embargo on the shipment of strategic goods to China China Mali Special.
to
The NY Stock Exchange bond
Singapore Rubber volume was $1,610,000.
Market
Singapore, Mar. 10.
After a steady opening the market cosed slightly on profit- taking. There were
samo en-
Future
in the afternoon, with
Dairy. 27.40 27.00 1000
271%
500 300 27
272
200 4 2715
of
Watson
18.70
quiries
Itts 7.60 Crawford
20 20
prices steadier closings were:
a bit.
COTTONS
Ewo
No. 1 rubber per ib.
April
5435-5472
1200 1.05 3000 1,85 3000 1.83
Mary
June
5443-5475 0424-86
•
No. 3 rubber per
No 2 rubber per ib.
April
Ib.
5476-5452
BIT-53%
524-83 543-549 €334-494
President T. S. Petersen sald the demand for heavy fuel oilsi -the main product taken from these residual stocks - has not kept pace with other products.
He attributed this partly to Imports of natural gas from Texas at a rate equivalent to 125,000 barrels of oil a day.
He said that the Company also is reducing further is Im
of foreign ail into ports California, because of the size of distillate stocks on hand.
Textile Corp. 7.60 74 MISCELLANEOUS
140 Yourat! Allied Lv. 4.10 4.13 1000 a
No. 4 rubber per lb.
April
4.30
Blanket crepe
Spot rubber unbaled
No. 1 pale crepe
LONDON METAL PRICES
02-64
The American Stock Exchange volume was 410,000 shares.
Dow Jones closing averages
were:
30 industrials
20 rails
15 utilities
208.00 101.03
53.40
112.81
100,84
176.83
Standard's import rate for the second 1953 quarter was 18,000 barrels a day,
All prices in sterling per long ton, -United FTON,
for in California week ended March U stood at 17,700,000 barrels, against zine
NEW YORK FUTURES
NEW YORK MARKET
03 stooks
40 bonds
Comm. future price fiex..
United Press.
CHICAGO GRAIN
Gruins
PRICES
Chicago, Mar. 16,
to generally failed
pick up from their early decline
today.
Liquidation
lighter in
found demand wheat
futures, ale though dealers reported selling Profit- on stop loss orders.
sellers by previous checked the falling off of prices and brought rallies of about a cent from low rels.
taking New York, Mor. 16. Rubber futures today closed 0 points higher to 4 points lower with sales of 09 tracts.
con-
in
Despite the irregular changes, dealers said the market showed overtone of steadiness line with the Improvement
cables and later London evidence of a quickening con- sumer interest in the local spot market.
Acilon
wheat reflected slow expert sales, inactivity in domestic flour, and lower prices for cash wheat during the last few days at terminal markels,
A drop
in soybean prices was brought about by selling on stop loss orders. Idquidation met only light demand, how-
The declines in wheat and scattered brought quoted spot No. soybeans Ras at 20% cents a pound and solling into other grains, and But active, indicated that buyers were be dealings coming more inclined meel prices wore steady to weak,
Closing prices per bushel in. shipment 12.25b the higher basis for 12.230 offerings, Futures closed as conts:
in
"Starting
March and through the second quarter, we Cuper..
Spat plan to reduce our imports 3-months 10,000 to 12,000 barrels dally Lond
235
225
Tin.
Spot 3-month
London, Mar, 15.
buyer tellers
72715
07745
234
22413
an
8514
Bus!
64
B4%
731%
731%
722k 7214
Dealers
ever.
were
3.301>
of
where Like
September
3.31b 3.31
below Hevels.
ttre January-February
Match
June
October
Zine
January (1955)
3.320
March
"This will bring
May Judy
3.25
rate
our import down to about 28,000 barrels daily."
Karch June
Spot (cents per ib.
Єm-
Lab Cuba) Open Interest: 8,874 contracts.
3.30
New York, Mar. 15.
Contract No.
Marcia
Wing Peruvian
May July
5.72-73
Meanwhile, residual crude
Aprit
this
September
8.79b 6.24b
stocks
November
March (1963)
6.550 Spot-(cente per ib. cit
NY ar-duly
8.75 Open interest: 6,20% contracts.
to
8,400,000 a year ago, according
tho
Petroleum American
the Tin
March Apru Maroli
follows:-
Wheat, No. 2, rod
20,00b
89.000
May
20.13
Spot
July
19,95
Merch **2301 (11) 2283 (
#206
Sept
1991
Alay
Aprit
0.200
20.01
July
Copper
March
20.000
Sept.
March
29.00b
May
30.005
Dio.
'April
29.435
Undled Press.
(bid)
Coru, No. 2, yellow
London Foreign
(All prices in US cents per lb.- United Press.
LONDON MARKET;
Spot
London, Mar. 16.
March
MAY
The rubber market was quiet
July
Exchange
Exchange Rates pence per lb. Prices;
with No. 1 Ras quoted at 16 3/16
Sept.
Dec.
1491%
No. F°Ra spot Buniyaan- tike done it the toest Bettlement houDE AMPTYS; -unofficial
market [Shle:|_ April
May moining at the following rateaz
2036-16% 1815-1852
Boybeans, No. 2, yellow,
Spot
March
June
MAY
July
Sept.
Merlins mois. (per #1)
Nov.
*1663
12-10 6/16; } nited® Prom.
300 lb. vac
オロー
The yearly quota, will be the women's units, encouraged Latin nations bevelves Will New York Cotton
If war came they would bù said that the new scheme was a resolution which, in tren Immediately called up for fullfost put forward a year ago, opposed tharaxtasison de Co time Civil Defence service. ...and has since bein under, code, muniamin, “Boutiki-Americ
Their obligation for such | eldstation. work would hớt eg beyond me. NETIAN ON
Device countris.Custéerulai dienaRY: 'olated, itækt from the rosolation.)
Prices
New York, 2000.
| Institute.—United Press.
1371. General marketa, cit basis, porter