Hollywood star Olivia de Havilland, who wears white adik Jersey hat, talks with Him Olivia, newly- actor Dennis Price at a reception given at the Navoy Hotel, Strand, London. engaged to M. Pierre Galante, director of the French magazine Match, is to play the one- Kate O'Brien story.--Reuterphoto, cred Spanish Princess Eboll in "That lady', Atm of the
Spotlight On Smithfield As Private Trading In Meat Resumes
A New Lease Of Life For
London's
Famous
12th Century Meat Market
London, May 20.
London's 800-year-old Smithfield Market, one of the world's biggest meat, poultry, and provision centres, is pre- paring for "F-Day" (Freedom Day) -July 3.
"F-Day" is the day on which the Government will restore the British meat trade to private enterprise, after 15 years of state buying and handling of all meat.
On that day, Britain's meat traders will resume the purchase and distribution of meat from all parts of the world.
Southend will once again tiers g fain come a "be" clearing house for 1214 mit of Australia. New
Zealand Argentina.
and Bertan berseit,
Deuguay,
Pantry, huron and eggs from
British farms
II
wing the Tony being offered fry Hussa PEJOR abel tive suferliste ruities
Subtedl will operate with only exter
GovernmTAL 45]
4-y
Angi suchegar
Stemment Hasol 13 venis tod of to run and guaranlegi mantrain
prines
TE
and hom
countries as Panadu, the Nether-Australians Jands and Denmark will also be which SGH
passing
Bergh
Trailers
te-acre
private
gawling
the City of London. Smuthfeld has
ben dormant stuce
ti 20 markl +il
1107
arfuntly
But
I has been merely a channel for
meat and poultry allocated fo butchers under
direction.
to N
rsit
Artralin
It the munum prices, ALE NOS roached in private trading the Britsit Government will have Jul
to nike up the difference
THE CHINA MAIL, FRIDAY, MAY 21, 1954.
| 1855, the Corporation ut London removed the caltie market and the slaughter houses to Islington, two miles to the north,
The present Smithfield market was planned In 1860, with an eye to the future, with wide Poets.
entrance several
Hales, und great underground spaces to be used as rallway depols with left into the I. sket.China Mail Special,
He
Loses
Govevement
the trade ses little liked f this, and I confident that the
His
Will
The return of the meat trade Australons will continue to re-
to private enterprise
gradual.
be freive high prices for prai mend
for years tur Com
Smithfield
Traders will not immediately
be able to range the world.
Ing incat
held
market
ake the waitstaks pultom 00
of Food,
UTVES
Jample London tie|l: il 1. floating
powaled int Cipcate: the Manustry by will have to be sold Best, and it with
with a large before they gether may be December
population
provincial eustamos ap forth as Edin- burggh in Sell
are cleared
In the meantime, the men of Smithfield
practising Will again the skills which before World War 11, made their inars kel known all over the world. They are confident that they will be able to take up the threads of their work almost where they left of in 1939
Housewives Will Benefit
For months past, they have
"alerting" been
their agents throughout the world, preparing for "-day.”
Voice Every Day!
Teluk Anson. May 16. Believe it or not, there is man here who is unable to speak between sunrise and sunset.
In this
state Muslim And
It has esl tomuce with a cuquely –1 15,986 kar
has been mrat and re on for 490 fourston | since the start of the lorries to unbad or bad at any fasting month on May 4.
It has hanging rapu- he has also been in this state me time city for 1,000 tons of meat a for the past five years at the day on over 15 miles of display | start of cach Muslim fasting nulls.
month.
But cun
he immediately regal his speech In the evening when the Muslims break their fast.
In Sinithfield. Butchers haggle over prices and rats just as the custs.mers do. Art deals, involving perhaps thousands of are Bented by worst of pounds mouth.
The
prices
This
And the strange thing about it all is that he becomes wholly articulate again in a fortnight
60,
or ruling in
They claim that, under pri- vnte trading, both overseas pro- market, traditionally, affect ducers and the British house-prlees in meat exporting coun- wife will benefit.
The Commonwealth and foreign producers, the Smithfield men say, will get a higher pren for the better cuts of meat than they did under Government bulk-buying arrangements.
On the other hand, the cheaper cuts of meat will come down
In
price under "free enterprise" buying.
The meat traders also claim that Smithfield will be able to produce betier ment for the British
than the Ministry of Food was able to
secure.
here,
consumer
butchers have bad
tries all over the world.
Henry VIII
Fixed Prices
The man is Mr Thirupayah, a 28-year-old contract labourer the Teluk Anson Govern- ment rice mill
at
WILL GO IN TIME
Mr Thirupayah tried to
TRADI
and
Some Utilities Lowest For 7 Months
Panic Selling
Cuts HK
Share
Prices
By A Special Correspondent
Prices of a number of utilities touched the lowest levels for seven months and Dairy Farms fell to its lowest point since last July when further heavy selling pressure continued on the Hong- kong Stock Exchange this week.
Brokers believe that Tuesday's slide was started by a wave of panic selling by speculators and that both speculators and investors lost heavily as the recession gathered momentum. Electrics were at one time down $1.10 on the day before recovering to make the net over-all loss for the day 90 cents.
Yesterday's prices showed that although there had been a slight recovery by the market as a whole the tone was still uncertain.
the
צי
Delta Jithe
HK ute
ד,1411
in
Finally, let's see how prices There are numeratis advanced for the current weak- | fared over the last week: ness of the market. One is that it is merely a corrective resetion following The recent boom in share prices, Another is that the
"Dien
Blen PM: Mitera" have now been succeeded by
River
May 13
21244
1JOTIN
Wheelocks
1650
#30
20
1633
[140
1 15 #13
5503
C Prox
13
11
33
7 03
#10
MK ind
34
544
Tromm
26
24 60
23 20
Ch Light
old
14,70
Frew
Electrics
1170
13
10.00
2000 17
phones
78 20
D FAMS
Schiel
23 20
17 20
21 00
14 10
14 20
11
20:30
23 40
221
m-middle,
b-liyor.
Yet another reason is that present strength of the local gull market (priers were up a point and a half yesterday) has nitiueled many people uway From the Stock Exchange, The gold market owes its strength at the Indo-China present Bighting n the demand for export to Singapore,
1
Another reason advanced by a market observer yesterday
ddle money' WOR that the which was so plentiful In the Colony a few months ago in no longer
t thmi
some people
conserving their money in preparation for 517 expansion in trade with China.
JJI
As the no 1 can see it would
be premature at this slage even to consider the possibilities uf on urease in trade with Chlua Wnts] the outcỤN I
Geneva tulks is known.
arr
the
at
ob- the
There
some market servers who argue that present tem: ion in Indo-China is not so much the enuse of the present market weakness as a
--neller,
TODAY'S
SHARE PRICES
(From Our Correspondent)
Business on the Stock Ex-
contributory factor since, they change this morning amounted Noon quotations Akue. the Indo-China campaign to $128,221.
and the morning's dealings:--
SHARES BUYERS SELLERS SALES
BANKS
has been in
for progress now seven years and each year has produced similar crises to the present ane.
MORE SIGNIFICANT
Greuter signliteance is given | to the present crisis beenuse of (1) the apparent reluctance of the French to carry on the war single-handed any longer and | (2)
talk
of establishing military alliance of Far East nations to prevent the continued southwards
of advaner
the
Communists.
Observers argue that as
HK Bank
INSURANCES Union XD SKIPPING
Waterbunt Asia Nav,
DOCKS, ETC. K. What Dok Pravidlest (Old) Whceluck
COMMERCE SECTION
Badges For Diabetics
Bydney, May 20
Australian diabetic alleters are being fastráð withi special badges 10 Rave them from being arrested da drunka
Prealdeist of the Aus- tralian Dlabelfe Asocia- tion, Miss R. Board. ex- plained:
Diabetic aymy-
Lasz are often very like those of drunkenness and number of mafferers have
been picked up by its policy.
"The palice cannot
De blamed. bui
wrongful Brrest detention would be fatal Гог д diabetio ja need of treatment.”—Chines Mail Sprelal.
NEW YORK
STOCK
MARKET
Business Decline Halted
US Officials Claim
Washington, May 19,
Government economists said today that the latest Federal Reserve Board report shows the business decline in the United States has been halted.
Construction work continued
at a record high during the past six weeks, the Board said. And
the Bijisted Industrial Pre-
duction Index did not
decline
for the first time since last July. Government economists quoi- ed the report to support their contention that the business dip has hit the bottom. But they to not
Immedinte expect any upsurge of new peaks of pro- pority.
They predict that business wil continue n! About the
present levels until autumn. A definite improvement inbtht
New York, May 20. Two stocks New York start then, they sakl
The production index declined Central and Chrysler Cor· | from 125 to 123. But this was
enlivened poration
the normal for this time of the year New York slock market 10- | and, after seatonal adjustments,
the index fyure vos stil 123- day.
the same as in March,
The
general run of stocks was fractionally higher.
Volume
moderate- wtas 2,070,000 shares against 2,170,-, 000
SLIDING SINCE JULY The adjusted index has been sliding since last July when it hit the all-time high of 137 for
Shell's New Project In West Africa
New oil storage facilities, part of a £2 million expan- sion programme designed to improve oil supply service to shipping and inland con- sumers, are now under con- struction in West Africa.
Started by the Shell Ol Co the scheme Includes new bue- kering foelfiiles at Dakar, ad- ministrative
commercial capital of French West Africa, and a large occan installation at Apape, the principal port of Nigeria.
ant
station
yesterday. Central climbed 11⁄2 points to 5234 in the day's most active the second 1ime in Three trading as the many inceta of months. the battle for control of the 1953. rood appeared lo be working However, the decline stowed bullt on land reclaimed from
down at the end of last year | the wu and swamps, and since then has dropped only three points below December's 120.
production the output of the nation's factories and mines with the 1947-49 average taken as a base Agur of 100-United Press.
It was 180 In April, Both the bunkering
and the Installation are being
ire
out. perhaps in time for the ahnul meeting
scheduled for Mor 26. At that time stock- Bolders
to decide between the present management houd-
ed
William try sa
White and financier Robert R. Young, who seeks to dust the manage - ment.
Interest in Central was stimu- lated as Chano National Bank, holder of 800,000 shares of dis- piled Centrul stock under a vot- ing trust, turned
for the shares pursumit to court order to purchasers Messrs C Murchison and Sid W. Richard-
Texas
and Capitalists
friends of Young.
Chrysler textured
from the opening, moving higher in active
$62.
Olla and metals were strong performera with gains up to 2 puinis.
The Index incasures
Indutrial
The bunkering installation at Dakar, which is expected to be completed later this year, being constructed on 10 acres of land reclaimed from the sea by the widening and strengthening of existing brenkwalers cost of approximately £25,000.
at
A total of four tanis euch of nearly 16,000 tons capacity for fuel and diesel oil will be built
Singapore Rubber this year, and two more of the
The
Market
Singapore, May 29,
market rubber
the
WHA Inovning Future clos-
trading. It closed up 1 points irregular during
but closed steady. ings were: No rubber per 1 June 61-B1!3
July 044-01 No 2 rubber por h. June 21-03 Nu. 2 No. 4 Sput rubber unboled Blanket grepe No. 1 pale crepe
513 Or 1,140 issues traded, were higher, 328 lower, 305 un- changed,
The N.Y, Stock exchange bond volume was $3,020,000, and the American Stock Exchange volume was 480,000 shares.
Dow Jones closing averages were
1-0114
-
69-60 09-73
United Press.
NEW YORK MARKET
New York, May 20 Rubber futures closed today
same size are to be built later.
three In addition,
biturten thèle with a total enpacity of almost 9,000 tons, will be established for inland distribu- tion.
Tankers of up to 18,000 tons
discharge
the Пока
2017
installation.
rai
At Apapa, 14 tanks are under Construction for the storage of all mula petroleum products including bitumen. The estimat- ed cost of this project is £800,-
The site 000.
Is 35 acres of swamp land, now being TO claimed by cut and all methods involving the removal of some 100,000 tons of 100,
earth. Dredged sand will be used for filling In the site of the bitumen tanks 100.70 attract follow-through
Futuro plans for Lagos har 180,31 mad
0 continued lack of bour foresee
dredging to -United Press.
provide berthing facilities for tankers up to 18,000 tona.
Zuture price index
323.89 unchanged to 15 points lower 10082
50.01 with sales of 31 contracts. 121.68
Failure of an early advance to buying,
CHICAGO GRAIN
1135 21030
30 industrials
20 rails
630 840
15 utilities
nts focks
40 bonds
Comin 400 20.00
| 1995
130 5 03
13 20
500 13 250)
0.00
↑
far
LAND, ETU.
FIK Hotel FLK d Realty
B.13 0.30 53%
as Hongkong is concerned ila security
៩
no greater danger UTILITIES
than it has
since ever been 1949. "Nobody has any designs on: Hongkong." sald
ob-
server,
one
A glance at yesterday's market report tends to confirm
art
..... 2811
1.05 1.023
Tram...
20.30
100 500 24.90
20.20
Star Ferry
C. 110)
130
C. Lig (N)
XD
Electric
Telephone
14
10.00 11.20 2000 ce 11 2:30 22 9 20 23.20
1500 14.10
23.70 300 22.30
0.99 7.10
4000 475
5.85 5.BO
143
that the Indo-China "Jitters" STORES, ETC.
merely contributory
COTTONS factor. For while prices as a Texilios
have whole
declined, Belling MSCELLANEOUS Interest last Tuesday was con-
... 0.80. fined to Lands
und
few
selected Industrials. Electrics Iost 80 cents on the day on a turnover of 7,300 shares, Dairy Farms
were down 50 cents turnover of 9,700, and Lands lost
when 2,300 $1.50 shares changed hands,
get
U11
Before World War II, the himself cured through a Malay wholesale value of trade con- ducted in the market exceeded who told him that his affliction £35,000,000 a year, while I would disappear in time. 1938, meat and poultry passing Не through it totalled 461,987 tous,
to
as." smooth
Is A
it
There was no specific reason for the
Эл weakness
Vingino
Yaumati
LONDON METAL
PRICES
werd
--10]
London, May 20. All metal markets was amicted with the "eurce" five years ago, accord-
these stehdy. Prices closed today in Ing 10
sharca, As I sold a few weeks sterling per long ton as wife Letshemuni Pariche, HA
wle said
ngo, Dairy Form's first quarter lows:- hip
report was better than the one
corresponding
his
LITTLE COMFORT
There are records dating back to the 12th century describing troubles began in Slim, where for the Smithfield as a livestock market |
unwittingly disturbed In 1174, Fitzstephen, clerk to St tcmb of a Malay Mail. Since meat rationing began Thomas a Becket, described
Meanwhile, neld
where every
| remains enlm and cheerful. celebrated accept weakly "allocations" of Friday there meat, regardless of whether it rendezvous of fine horses to be knows that the spell will break and he will be normal old, what their wha
and in another quarter are coo
again. That is until the next placed vendibles of the peasant, wanted.
their deep flanks, fasting month if the spell is not Now, London and provincial swine with
of immense completely broken and the curse butchers will be able to "shop" w
fitted. China Mail Special. bulk." at Smithheld as they did before rationing started, salecting meat
customers
and
Oxen
41
London, and the
Smithfield was also the play, and making use of the market's archery and tournament field of cutting facilities.
Prices for the better cuts of the City of
public moat are certains to ciso alightly #pproved on the home market, but thereggings, tortures and execu-
tions,
will almost certainly be parallel roductions in other varieties.
Russia Pays
"Fancy Prices”
spot
for
MARKET
consumer
interest in the spot market, upret the terminal market in late dealings.
Indicated Spot dealers unchanged basis of 221⁄2 cents n pound for No. ! Ras spot. Future closings were:
July
22 1уть 23.10
an
23.33-05 21.79
September
December
March
May
23.70n
July
23.7911
United Press,
LONDON MARKET
Chleago, May 20 Grain future were irregular the session on during most of the Board of Trade today.
Wheat was down slightly at the opening, later picked up a few cents on short covering, Favourable but closed weak. weather
fear of conditions, hedge when the new crop starts to move more abundantly, and lack of demand by flour buyers and exporters were the depress- ing influences on wheat prices,
Western Germany is reported 19-1/16 pence per lb. Prices: to be in the European market No. 1 Ran spot
Settlement house term
London May 20.
The Apapa installation, which will be the main Shell distri- buting centre for the whole of Nigeria, is expected to be com- pleted later this year.
New York Cotton Market
Cotton
The rubber market was quiet uinued with No. 1 Res spot quoted at narrow
July/September October/December
for about 165,000 tons of wheat outside the International Wheat Agreement, which also had an effect on US bread grain trad-January/March
April/June
General markets,
ing.
Profit-taking predominated in May the soybean market today, with Jun July contracts meeting most of July the pressure.
Wheat closed unchanged
to
19-1012
191-1914
10-185
19-194
1996-1927
103-1071 cif basis, ports:
18-23/15-19 18-19
10-10/10-101s United Prem.
New York, May 20, futures today con-
to operate within # range for the fourth session in a row,
Keeping within an eight-point range, the list dosed off 2 tn 8 points. The market opened off 3 to up 2 palats. New Orleans closed unchanged to 4 points lower.
Small
consisted dealings mostly of professional opera- tions involving routine mili and with liquida- chipper buying,
off %, soybeans, off 2% to 5% New York Sugaron and hedge selling supplying
cents-United Press.
Market
contracts,
Trading volumes and open Interests in the Exchango today
were:
New York, May 20. World No. 4 sugar futures Month
2 July closed today unchanged to points lower with sales of 472 October
December contracts,
March Domestic No. 6 sugar tutures May 1 point Jiy losed unchanged to
con-rota higher with sales of 140 tracts.
Scattered liquidation with the caster raw situation wolghed on the world contract, Conversely, steady futures held domestle with the better tone in domestic raw market. ...
Datober
Volume 23,400
Incarext
0000 11700
033,400 244,800
7,100
0,100
1300
800.
$5,700
3,076300
-United Pro.
NEW YORK PRICES
Paket New York, May
Clostner Prizem May 19 May 20 3340
CHICAGO PRICES
Chicago. Muy 20. Closing prices por bushel In cents: Wheat, No. 2, rea
THE
the
perfod
last year.
Mr Thirupayah
He
spot Copper pot
3-month
May Lend
Aug. zine May
buyers, sellers
126-
Spot
100m
$240 725
23032 210
14
940 241 Der.
May 1901) 193% July Sept.
103-1043%
1984-
2039-3
20031
Di
#3%
932
Corn, No. 2, Tellow | Spot
10246
to
FISHERMEN
can give little comfort those who want to know how the market is likely to fare next week, Last week the brokers Prices of metal futures closed thought that prices would hold today in US cents per lb. 8 slcady
of course, and,
they follows: didn't. This week they won't Lead even hazard a
guess.;
Aug.
TP
BIG July
34097-14
United Press.
Sept
2413-34
NEW YORK, PUTURES
New York, May 20.
Soybeans, No. 2, yellow Spat Y May. (expired loday)
30844-3575%
July
Sept.
24744-236
MÁY
13.436
Nov.
Juno
1141
JRO.
Tariev
120-102
TE
May
Jund
New York, Nasty, 201
sack
Future closings were:
18.28b
RELEASED
Tokyo, May 20,
$14,300 htted. Prem.
Juno
Contract No. 4 (world)
July Delober December March
5427
July
XRY
Sept.
July
Det..
Delober
Jun.
Exchange
Mar.
May
July
··London May 20.
Bpotefcents per, ita, fob Cuun)
117/18
Open interest; -8.215 contraéfa,
-Contract - No. 0«
July
Sept.
Nov,
Маг
"Apat÷(cenia per
duty). Open
Interest:
WOR
Iract-Heuter,
June
There is this point to consider zna however: that
if the present weakness is nothing more than Couper May a corrective reaction,
share
-}B=BA_Lited Prost. In 1663, Henry VIII fóra- Twenty-azven Japanese fisher- prices have reached the stage, ni* shadowed government controla men who were relcaped by South now when yielda: must”- Du by imposing, pricó controls on Korean President Syngman offering a butchera- the maximum price Rhed's. special... amnesty today those who are willing to come
a
tempting balt to Exchange Rates
„Jhumkaseym : "win done, in the
of beef was fixed at a la'penny returned to Japan from Pusan Into, the market uguin.A BIDEO! a pout, while that for mutton abound the 673-ton · Korean was oneha'penny "and" oné Malf farthing a politid,
fralgicor, Won
Traders In London Velleve
Uulties that the reopening of a "free
siven lo seven, snoritet” will attract 'ihore South By the nineteenth century, - They were intrating in waters cent and even American beef to Britain.
there were
protest near the Red Line aree and cases when not public Recently, shipments
Korean do they were from against the slaughtering of cattle were.
(captured 2 by Argentina and Uruguay havel on the spot and as a result, în | authorities-China Mail Spoela, ove per cent.
ara nowuffeting How
and a half bergrodery (per140) zaurè in","datkih | steeling) mokes (per so many Weers Indonesian tuplali pre: 160)
Bum tionis (per ytelting about inabor ((Blenkte),
Indo-Chine, plastrow (per 100)
London Foreign
2438-39 34.53-39
54.47
154,072).- 24.0015. 134003330 -United Press
LIVERPOOL MARKET
Bin
Liverpool, May (20. Cotton futures, in pence per ib closed today"-as - follow
«Basa-11-American-middling colt [15/10, rich liniied) Press.