THE
CHINA MAIL, THURSDAY, MARCH 18, 1954.
What The
New Empress”” Ships Will Look Like
look
like. This is what the Canadian Pacific's two new 22,500-ton Empress Hiners will Together they have brought a 30 million dollar order to British shipyards. Mr A. C. MacDonald, Managing-director, Canadian Pacific Steunships Ltd., announced be had placed the order for the second ship with Vickera-Armairongs Ltd. The liner will carry 150 first class and 900 tourist passengers, and will have a service speed of 21 knots. The first of the two ships, now being built by the Fairfield Shipbuilding and Euginegring Co., at Govan, Glasgow, is to be named Empress of Britain, and will be ready for the Liverpool to Canada service in the early Spring of 1936. The vessel just ordered will be ready early in 1957.
ALL BECAUSE OF A NEW FILM:
France Springs To The Defence Of
Her "Under-Twenties"
Paris, Mar. 17.
Widespread discussion as to what kind of a generation the under-twenties in France today really are has arisen here film by a well-known following a lively controversy over a French producer, Andre Cayette.
A former barrister, M. Cayette has made a film about adolescent criminals of the middle classes, in which he preaches that if the children went wrong and became killers, it was the fault of their parents.
Crities are split wide open about this moral homily.
1112
and their youngsters.
The
share 去
گھنا
H
the
HERCE SECTION
"NO MÁGIC FORMULA"
SHIPBUILDERS' WAGE DISPUTE
UNSOLVED
Unions Reject
Offer Of 5 p.c. Increase
London, Mar, 17.
of Engineering and The Confederation Shipbuilding today rejected a Government- recommended offer to increase wage rates by five per cent. The Confederation has summoned union leaders to a meeting next week to consider strike action in an attempt to force employers to meet their demands for a 15 per cent increase.
This article, written by an industrial corres- pondent, reviews the recent history of the dispute: If anyone was foolish enough to hope that the Courts of Enquiry on the shipbuilding and engineering wage disputes would produce some magic formula to solve the fundamental differ- ences, he will have been disappointed.
Eight-Year Old || Awarded $1,323 Damages
Burbank, California,
Mar, 17. John Chase was awarded 41.323 damages in the Supreme Court yesterday for injuries inflicted by Robert Ritter in a iruo accident two years ago.
John is eight, Robert 11 and the accident involved a tricycle and a bleyote.=== United Press,
Financial Observers Say:
J
Anglo-Iranian's Rise To £10 Level Is "Entirely Justified"
For the first time since 1948 Anglo-Iranian shares have risen above £10. In the meantime they had, in 1951, been under £5, and even as recently as a year ago they were no better than
HONGKONG 55%-
STOCK EXCHANGE
Their subsequent improvement is entirely logical, London financial observers believe. Quite apart from the fundamental change in the Persian position, the company has enormous reserves, and the 1952 dividend was very conservative. The 1953 results are due next May.
The technical representatives | nature of the compensation are of Anglo-Iranian and seven still to be settled. This is a other leading oil companies, separate Issue from that of have now returned | British, American and French, future operations, but the two trom thele can easily
dovetailed to- tour of Inspection of Abadon gether, and the Persian oll-field.
be
(From Our Correspondent)
Business done on the Stock What the court has done is to indicate Exchange this morning amounted to $938,024.40. Noon modestly its view on this particular wage claim, quotations and the morning's examined in relation to wage levels generally in dealings:- the UK, and to make some useful comments and SHARES BUYERS SELLERS BALES in the property than had been Anglo-Iranian shares remain a one extremely useful suggestion on the general BANKS economic problem of wage claims.
ItK Bank
200
Eat Arlo
168
The suggestion is the creation of "an authorita- tive and impartial body" to consider the wider problems
"Such
20 movement, if con- involved among them the
tinued. and
particularly Inflationary effect on the accelerated, could
conceivably national economy, and the undermine our whole economy'
The courts said. "And there is upparently being established something very like an annual
effect on export prices, of. the general movement of INSURANCES wages, costs and prices.
It is understood they found The upshot is that, even at much less sign of deterioration the current price of £104,
The
Investment. feared in London. Apart from promising SQIC running-down of stores current yield, based on the 1952 100 and transport,"
of 35 per cent., is everything was distribution 1000 in reasonably good shape.
under 3 per cent., so that The result is that it may be future prospects possible to restart everything at an earlier date and at less cost)
Union
835
if
DOCKS, ETC.
K. Whart Dock Provident 10
XD
Wheelock
00 73
21 21.10 304 12.70 12.80 000 2500 T.00 $ 200 8
Another Uranium cycle of wege claims process
Mine
which must Buroly tend accelerate the movement.'
into this category where before For South Africa on wages
Housing Shortage
workers
One big political party, the presson that the recrint of 1954 | 25 per cent of all divorces fell
Popular Republicans, looks better, bigger and mor Catholic
did those of the war, only 13 per cent of all Government to belligerent than even asked the
divomes were among the young exlarilish
censorship to twenty years ago,
vital statistics
married couples. of the The parvent Alms of this kind from
They called it country being shown.
out this hopeful | bear parents picture thet both on French
French social
and Outstanding
the statisticians facts urc
agree that this is hax controversy
drawn i gent mereuse in the number of almost exclusively due to the attention to the children who murringes and, mure umpestant uppalling shortage of housing were mostly too young to still,
DIR the
rise
accommodation. understand
in the bath-rate since the war.
The vigorous housing cam- buntiantou uf the Oerman
Thew were 313,000 marriages paign now being undertaken, it cccupation, the black markets
In France 1952
rectify this compared hope:!, will which it forced on France and
There is situation. of moral with 177,000 in 1940. the general jousening
Trend for i at the present time
Incidentally, the divorce rate pripite which followed the
the birth level to decline some- varies considerably according to <ble standard morality the
But this is due be the religious geography of Teapo
when i what again of the occupation
vie Franen. It is highest in Paris, payahing was "fair play" against reaching
Marseilles the age of marriage Riviera,
and the the censing enemy.
between Paris observers of French at the present time are those provinces lying Seasoned hfe are usually impressed with her in the low birth-rate years the which followed itler's accession 1933. Then the ery to power in
"What is the
of the good uf was! having children since there will dominantly Catholic son be another German war?" The controversy around
There were
were 820,000 births in Cayette Him coincides with a 1952 compared with only 399,000 bad case of adolescent crime in
and today 1940, and izr
in France which a youth killed a police- 12,980,537 married
wounded two other 120 al couples have 8,522,000 children.
persons.
But this is sheer coincidence. Another sign of a more rigid
the decline in the morality and a holding fest to M. Paul Gerin, leader writer of "Paris-Presse”. healthy values the number
the excellent quality of young today.
Th
that
Fi
the Fact
is general agreement are hard-working. serious and ambitious. They are less interested in politics than their parents and
the sliure anti-Paritarmentarsen ung their elders.
sprending
University professors report that young students concentrate harter on learning their future professions und are determined In establish families and get on parents 111 life, where their were often more seduced by the pursuit of ideals and ideas.
Bigger and Better In
SO
London, Mar. 17.
to
The specific recommendation in the ahlphuilding and Engineering Industries-un
lierense in the region of one- third of the 15 per cent de-
has
Africa is likely to have at lenst uranium-producing more
Que
But
both
LAND, ETC
HK Hotel
XD
1005
21.29
than had previously seemed likely.
have to some
extent been discounted.
discussions NEW YORK
The preliminary should be nearly at an end, and the next move will be
for co- 12.30 presentatives of these sight oli 12.70 companies to go to Teheran and
make
to the Iranion
proposals Government.
theme, in
The
Ka
agreed, lght companies will then form 9.16 a consortium for the operation
9.10 9.15 500 0.13
IIK Land XD
X F... 50t
S'hat Lond Humphreys 10.40 Really
In the near future Southmanded by the labour unions---- not yet been accepted by minc. In a circular issued in either side. London and Johannesburg last
employers and week. Vaat Reels Exploration unions agreed to the court's and Mining Company announced suggestion that wage negotiations UTILITIES It had made application both should be re-opened, and they of the for a gold-mining lease and for accepted the Andings approval as uranium producer, Court of Enquiry as a basis for
discussion.
The
details
given
in the
The view of the employers remalas that a wage increase in present conditions is unjustified, 1 it is understood.
UNPLEASANT EFFECT
on
eircular leave little doubt that both applications are likely to be granted.
The Company's consulting the circular sald, con- engineers, sider that the gold and uranium and the English channel.
They contend even a 5 per cent values obtained in underground centre of It is lowest, in the cen
increase could have In Brittany and development and in boreholes the country.
pleasant effect on the already Vendre and other pre-justify the applications.
and
of the declining order-books Developing
Company shipbuilding the holic areas.
Industry. Total to cost not cost gold is estimated
to the Industry, which more than 1 million. Of this,
workers, about £32 million is to be employs about 210.000
might be about raised at this stage by an issue wear.
The uranium plant would be financed by official
newspaper
the
of shares.
said
is
Taking annual
Brilish
£5 million
completions in at last your's|
gross tons. on additional L4 per gross ton
Tram XD .. 28.10 Star Ferry
1000
1000
03
100
8
1.34
Ves 1siziisi
11.10
322 £888883E
of the oft-nek and refinery, and
nil, marketing the
The
for
exact share of each company In
STOCK
MARKET
New York, Mar. 17.
The stock market re-
the scheme is still to be settled. celved encouragement today
Дам
the
return of Persian oll when leading New York
to the world's markets will be banke reduced their com-
gradual, it should seriously
out of balance the mercial borrowing rate.
2.17 500 2.15 present state of
1.15 demand.
134
2000
500 28.20 ( Light (0) 16.30 100 1000 #7 18.30
0300 10.30
1300 10,30
300 10.30
5000 40
1800 10.40
2000 | 10,40
6000 er 13.30
2500 13.36
1000 or 13,40
Light IN) 19.30 13.50 1000 13.207
2000 13.40 000 or 513 1300 3116
500 + 31.15
300 or 31.74
un-
Electric XD. 0114
Telephone
20.70
L
100 20,60 1000 20.80
INDUSTRIALS
Cement XD..
STORES, ETC.
Dalry
Watson
10.40
..... 27.00 27.00 200
1815 10.20 Fits 7.00 Kwang Sanst
Hong
$17,70
556 148
Texille Corp. 7.00 7.70 1000 / 7,69 BOGD + 2,63 500 G 7.03 2000 7.65
MISCELLANEOUS
Yaumati Allied
British yards Joans.
London #gure of 1,250,000 Mining experts
other South this would mean that three African mines,
in addition to cost of about of divorces. In summed up the view that most
Vaal Reefs, might Boon be completed. 1949, there was one divorce for observers would accept when he
shipowners - and wrote:
designated as uranium producers. British shipbuildera too-will be COTTONS every 8.6 marriages. In 1951.
to one this rate had declined
"The present
-Reuter. generation of
thinking of the additional is showing itself divorce for every 0,49 marriages, under twenty
advantage Riven to foreign as mure positive than imagina- 1952 to one divorce for
yards, and also of the recent tive. It has a taste for success every 101 marriages.
statement by the Chairman of It is a strong and comfort.
the P & O Lines, Sir William generation which perhaps knows
Currie, that he could have D better than its predecessor what
vessel built for 10 per cent less It wants". And, he adds, since
a UK London, Mar, 17. in a foreign yard than in a
was without taking Thal WES
very yard. steady in the afternoon session. into account any wage increase. booked orders for Spot was marked up 0 sterling
GRT Mall to £733% and three-month
to £6834.
pleased with the Officers are quality, both physical and us- On the other hand, the divorce tellectual, of French youth doing rate among people married for its military service, and many less than four years has recently
observČTK
the im- bren on the increase,
olde
shore
In 1952, he nim asks us to blame the
The Mercantile Bank of
India, Ltd.
has pleasure in announcing
the opening of its
Safe Deposit Vault
on
parents
for the
child-külers: "After all, whom have we to thank for those children who do
China not kill?" Special.
Poland Plans To Import More Consumer Goods
Poland
and
London, Mar. 17. intends to import this year more consumer goods and less industrial machinery equipment, the Foreign Trade Minister, Mr Konstantin Dombrowski, announced at the Congress in Communist Party
to PAP, Warsaw, according to Polish nows agency, in a mes- sage received in London today.
at the
the
London Metal Market
The tin market
UK
yards
only
compar
year,
100
not throw
supply
and
Prices, lower for most of the
It is agreed in principle that seseion, picked up near the close after Guaranty Trust Company Anglo-Iraplan is to receive com-
announced the reduction from pensation, but the
amount and 3% to 3 per cent in ita borrowing
rate in line with the "current policy of the Federal Reserve
Singapore Rubber Board of easing the money mar-
Market
Singapore. Mar. 17.. The rubber market steadied slightly on trade demand. Future
closings were:
No. 1 rubber per 1b. April 65-55%
May
Judo
No. 1 rubber per tb, April 34-54 No. 3 rubber ner th. April
ket generally."
The news lent an extra pusti to a rally already in progress under leadership of acel and rail stocks. All major groups closed higher, with ralle showing the biggest percentage gain in their average.
Activity picked up sharply as prices advanced and volume for the day amounted to 1,740,000
No, rubber per jb. April 6314-5315 | shares, compared with 1,840,000
Spol rubber unhaled
Blanket crepe
No. 1 crepe, pale
541-50
401-491
112-04 -Undled Press,
NEW YORK MARKET
shares yesterday.
Demand for steel shares, was stimulated when Iron Age, the Industry's mouthpiece, sold be- steel companies
only their most off- Rubber futures today closed clent equipment on present ro- 10 points higher with duced schedules, first quarter
New York, Mar. 17.
14 to sales of 45 contracts.
cause
operating
were
reports might be better than Persistent buying credited to some people anticipated", leading dealers" Interests kept Bethlehem improved 1% points prices on an up-grade. Offer- to $55%; Youngstown Sheet and ings came from scattered sources, Tube a point to $40% US with
dealers figuring Steel 1⁄4 to 341%, the latter in some
better sale than active turnover. futures as a
Invest ..4.07 4.125. 1000 4.10 the outside market.
Spot No. 1 Rss were quoted at 20%
Olla had
gains ranging to cents. Most of the 7 points In Sonboard.. interest WDS in remills, with Aircrafts came in for their sales reported on share of demand. Bell, Lock- three ambers for June at 18% heed and North American gain-
Future closings:
with 1,200,000 in 1952 MP Wants Better fr
and 4,150,000 in 1981, and over.
of 250,000 GRT of previous orders Price For Rubber cents a pound, delivered basis. ed around, a point:
In
Turnvoer
45 was
tons which 16 tons were for cash were cancelled last
year. in the sales.
light of
of all this, the court's statement that the decline in the recent orders and cancellations arc a warning
Closing prices in sterling per now long ton:
Spol
3-months
London, Mar. 17.
Mr Cyril Osborne, Conserva- ve meraber, asked in the House
Government was doing to secure
7321 huyers "that it would be imprudent to of Commons today what the
sallers goora" can hardly be called 6021% buyers over-coloured. 004 sellera
735
LEAD AND ZINC
London, Mar. 17- Lead, zinc and copper mor- in the kels were very steady
closed afternoon. Prices
In sterling
as long lon per follows:
Monday, 22nd March, 1954. Major change in the Import Copper spoi
Customers who have already registered their requirements will be notified when to call at the Bank for their Keys.
the
programme is to increase wool purchases by 40
per agency said. cotton, raw bldos and tobacco
But of
are also considerably land was
The Minister said Foland?
10ady to develop
trado: relations
Load March
CHICAGO GRAIN APRICES
buyer
235 March 230 (1)
Chicago, Mar, 17, Prices per bushel în cente:
Cloring Pricen Whest, No. 2, red sellers Spot
2331ān
May
DO
July
·June Zinc March
8495
Бер!.
T3
Dec.
June
13
United Press.
Spot March
|Bept;
the Jocs cort
with all countries, but the Exchange Rates
of trade with the West
tooded matory and
on the abandonment
restric Businak was done tive practices," KM SON/TORY unofficexchange
morning at the followin are interested only in UAS (ATE) AN normal trade relations or the starting EKPITIG principle of full equality or indonesing rublái qu
Kingapore (Broke)
lo saldalitor.i
a better price for rubber,
May
July
Sopl
Dec
Marchi
*20.30 20.10
2010
20.10
20.10 --United Press. LONDON MARKET
London, Mar. 17. The rubber market was firm
Before the war, he, sald rubber was about double the price of cotton. Today United with No. 1 Rss spot quoted at States cotton was 38 pence per 18 5/16 pance, per lb. Prices: pound and rubber only 18 No. 1 Tas spot 40%-40% a pound.
Bettlement hamse termi April
The prospority of important May June parts of the Colonist Empire: April/June depended on a fair price being General markets, ciź basis, ports: obtained for rubber, ho sold April
March
May
for
The Under-Seerciary Commonwealth Relations, Mr
Corm, No. 3, Yellow. 1814 John Foster, replied; since
1939 cheapi substitutes for natural. rubber. have ‚born: developed and no efforts of the Colonial Secretary could restore theproware price relationship between rubber and cotton, c).
Merch
China
on
explained in reply to Osborne question the steps bel
165/10.10/7/18 Joited Pres.
New York Cotton Prices
New York, Mar. 17.
· 22.00.
Gains in the rails ranged to 11⁄2 points each in Santa Fe and Great Northern, preferred.
of 1,173 issues traded, 498 were higher, 883 lower.
The NY Stock Exchange bond volume was $3,242,800.
The American Stock Exchange volume was 480,000 shares. Dow Jones' closing averages were:
Mar, 17
30 inntries 50 raž
16 uništies
65 stocks
40 botula
Comm, future price index
London' Foreign Exchange
New York