Paris Students Clash With Police
**123
Students climb on top of captured bus during a number of clashes between police and aludents which have occurred in Paris recently. A car was set on fire and others overturned. The incidenis followed police permission to Paris students who and one policemen was injured.
have just completed their school-leaving examination to hold a rog. Express Photo.
RISING COSTS IN
NEW ZEALAND WORRY
LAST
GOVT
SESSION BEFORE ELECTIONS
Wellington, New Zealand, July 7. The present session of the Dominion Parliament, which opened on June 22, promises to be brisk, although Mr Sidney Holland, the Prime Minister, has announced that the programme of legislation will be "interesting but not heavy."
one
THE CHINA MAIL, THURSDAY, JULY 8, 1954.
TRADE and
COMMERCE SECTION
British Merchant SUBSIDIES FOR
Navy Figures Show Big Gain
At the end of April the total strength of the Merchant Navy (excluding Asiatic seamen signed on in Asia) was 145,490, a net gain of 361. compared with a month earlier. largest gain since last September and brought the total increase since the figures were revised at the end of June, 1953, to 2,128.
Statistics issued by thr Registrar-General of Shipping and Seamen show that on the Central Register at the rud April, there were 14,040 certi- fiented masters and deck officers (gain of three), 1,008 uncert- Acated masters and deck ofleers (loss of two), 4,874 apprentices and cadets (guin of seven), 7,752 vcruncated engineer officers gain of 80), 3.434 radio officers (kain of 25), 32,900 deck ratings Class of 101, 10,109 engine room ratings (gain
31) of
41.857 entering department
personnel, Including pursers
writers and (xain of 2341, and 3,008 mis- rellaneous personnel, including surgeons (loss of 17).
arc
This was the
Liverpool Cotton Market
market
Liverpool, July 7. The
in spot cotions is startled to learn that the How Cotton Commission's slock of American type cotion on Jung 30 was only 95.303 bales of which actual American growths was only 35,100 bales.
This was much less than the market expected and suggests that the Commission has been highly conservative
116 with dollars.
Britian's Imports of Egyptian
Details of gains and losses in colton in the first five months of
during each group
April
this year have been almost three times what there were shown in the following tables:-
In the same period in 1853–59,370,200 GAINS
lbs, compared with 20,212,800
Grou Masters And
Cleck office
(cert MENTIN
and
<1eci
42sheets Lungert 1 Apprentices and
vadeta
Engineer oferts
fert.) Engineer offivors
(uncert.) Radia amcors Deck ratings Engiac roomm
ratings Catering depi including ) -
KIDN
Tratisfer lots
group on change
New
on-
Ite- in rai
сп
кур T trans traits rating lat
- * - 38 3
02
[[7
12
13 26
1
3 953 £
200
F1
a 3
jbs.
JAP EXPORTS
Osaka, July 1. The Japanese Govern- munt will shority introduce measures designed
to
grant preferential treat
ment is export inasielnik. according in the Finance Minister, Mr Ogasawaka. Japan's expert trade had been improving aluee the beginning of this year, he wald, and this opportunity should be selged to expand exports still further.
Projectoa
ПИСАНОГОВ
would include the lowering of Interest rates on advance bills for export production. Import
usances from
foreign banks might be accepted for setcoted items In view of Japan's foreign exchange shortage,
The
on
Japanese Embassy In Washington, he added, was negotiating
with American authorities the rate of Interest on the B million
dollar town which Japan had requested from the United States for American raw cotton Im- ports-China Mali Special.
HONGKONG STOCK EXCHANGE
(From Our Correspondent) Business done on the Hong kong Stock Exchange this morn Ing amounted
to $308,613.50. Offfelal prices for spot cottons. Noon quotations and the morn- in pence per lb. were all un-ing's dealing changed except:
Egyptian Giza 30 good/fully/ BANKS good 41.90.
15/10
Inch.
Future prices, American Iniddiing cotton closed today in pence per lb.. us follows:
tky Now
Dec Jan.
Mar/Apr
A:1 104
May/June
395
བྷྲ ཐ: *
גן[
X Fab
July Aug.
BHARES BUYERS SELLERS SALES
Eart Asta
HK Dank
INSURANCES
Unlun Lombard Underwrliera SHIPPING
Aslo Nav
10:09 1605
177
100 105 30 2862)
52
0.70
1
20001
31 05
DOCKS, ETC.
31.47
31.43
Dock
31.42
31.00
Wheelock
tailed Press.
LAND, ETC.
HK Hotel
•
NEW YORK COTTON MARKET
to
343
New York, July 7.
Culton traders today decided let matters drift pending tomorrow's government acreage estimate.
nin ti
3.U
MissoulianIEVAIN
uncluding wi-
von)
18
13
04
Toipin
1.442
0173
212 2820
The result ression with
de
The session is the last before New Zealanders go to the polls next November, and the Prime Minister's statement is regarded by political observers here as indicating that no major tendentious bills are likely to be introduced by the Government.
But they believe that the Government will assume the defensive on expected opposition attack for its failure to arrest the rise in the cost of living.
On a promise to check rising | for renting to famifies with an ↑ than the effect which I has had costs, the National Government income limit of between £100 of preventing local authorities camo into power in 1949. But bad £700 has not proceeded al frem seeking a the loan money It has been forced to admit shure | the rate maintained
by the required für benk works pro- then that it is not possible tu
Lab.ur previous
Government
grammes. control costs within the frame- but has allowed
the private
Labour, anxious to capture work of its policy, or to reduce homeowner more scope and more
marginal seats the number of controls Imposed onecuragement to get his house the
from Nationals, Labour administration.
will balt and
has for some years
doubtless by the
While the Goverment is op-
now
state permitted
house to explolt local grievances, as its
Muster deck the local
officers posed to a system of subsidies,
tenants to purchase their homes, present
(uncert.) nevertheless tound 11 Here #1 has
National Issue in one of New Zealand's En
Auprentices & desirable to maintain them at n
centres, growing Government and Labour are at chief apple
cadets legerheads over the best hous- Nelson, Indicates.
Engineer M-
cera (vert.) tug policy to pursue und Labuur
Engineer ulli. is confident that, by channelling house building resources into State venues, It ra 50.000 hutes a year or more
Meanwhile,
uke f the
level of £14,500,000 a year in order to keep down the prices of foodstuffs.
Were it not far these substilles the 4-b feat of bread would cost 1#101⁄2d over the counter Ina oad of the 1/30 It costs
the
Arduce
Interest in
Line Closed
TVIAN
LOSSES
Servier
ceased Deaths Tee Total
Tiany
was another slow
prices moving Irregularly, but keeping above the previous love! most of the time.
te
At the close the list ruled up 3 points. Opening prices were up 3
polnis. N W Orleans closed up 3 to 4 points.
Private
estimates acreage
to 20- tentative cstimates on production run 1rem
range from 20,020,000
Group Calmink
partment cluding
-
the zeck
Master
pur-
and
deck seert. J
OfficeT
10
110
and
20
15
44 bules.
22
G1
A stretch of the Nelson tad- way line
toundi and the Govern uneconomie
ensts | WV Local feeding however, 15
today. Butler would cut 3/80 progress mad: to overeeme the ment recently decided to close
Ib
pe
qu'i
instead of 27-3 and o
shortage rising
AS
500,000 acres,
while
11,800,000 10 13,000,000
The government
acre-
aage allotment for this year was
21,370,000.
001
The first government esti-
production will 230 male
un
be
1 43 made just a month hence. So
422 for crop conditions have been 111 favourable, with some quarters balloving that despite the re- duced nereage, The production could be heavy this year be
of intensified cultivation, tertilisation and the prac tice of planting rows closer to- gether.
ects Tuncert Fade AGAZETI Deck lag
ten
40
470
12
10 he
Mine 14.2171
Lates Catering
200
JE
partment cluding
pur
Пета
and
writers!
100
14
$30
Alix coffshorem
SUNTVORSI
9.)
}
16 191
Tolot
2,000
ad
210 2,168
were:
kome
housing of milkt would east 170d | have forced many would-be running high and is arder to Inglood Od.
homebuilders to await more pro- keep the Nelson seat, Labour
satisfied pitious timer, although Is far from
the Government today members
consider that the decision will with the rising cost of living] there are inure opportunities to but beyond hinting that if it is borrow home finance than ever have to be reversed. returned to power,
would before. reimpose widespread subsidies, the party has not yet announced any other means to curb rising prices,
Forecast
Election Point
tion.
further
were
Trading volumes
and
J Wharf, EA4
16
Provident (0) 12.30 12.00 – 500 m "12.80
HK Land
TA
0.05 1.96 60 381 S'hal Land .. 1.40 Famagueys
Resity 2.031 2.10 UTILITIES
Tram_XB
Star Ferry..
Youmali Ferry
140
160 149 500 a 14:
C. Light (0) 15,50 15.00
C. Light N 1815 12.1 Electric...
Maceo Blec
Sandakan
Light
31 300 31
2000* 03
Teleptiong 20.00 27 100 20.40 INDUSTRIALS
Cementi
STORES, ETC.
Dalry
Walzon
COTTONS
1D 18.00 2000 a 19.40 1500 192
22000 no
24,00 ....10.20
Textile Corp. 7.20 7.95 MISCELLANEOUS
Yangleze
... 0.40
Allied *** 8.75
230 m 0.40 BOOD # 01
Yugoslavia, W. Germany
Trade Deal
Yugoslavia
one-
MacARTHUR TRIED........
MITSUBISHI HAVE RE-ESTABLISHED
THE OLD COMPANY
Tokyo, July 7.
Four off-shoots of the former Zaibatsu have merged to re-establish the Mitsubishi Shoji Trad- ing Company, closed by the pecupation powers more than seven years ago,
The new company is the largest trading firm In Japan, handling business valued at 200,000 million yen yearly. The company's employees total 8,000-almost the same number as before the company was broken up. However, the com- pany's financial resources and the number of over- seas branches are now far below the former level.
The old Mitsubishi Shoji w dispersed in July 1947 uxor the deconcentration policy of the occupation authorities, The numerous splinter Arms gradual- regrouped themselves Info the four companies which have: now merged.
NEW YORK STOCK MARKET
Trade sources såld that the Anuncial and industrial sections of the former Mitsubishi Shoji had
also re-established
their previous affiliations will: the Mitsubishi Bank as the central
New York, July 7. force. They added that the new Trading in stocks today company would be entrusted al-
was marked by a series of most exclusively with tho sale
and downs with of goods produced by Mitsubishi ups Industrial enterprises and with tobacco stocks featuring a the procurement materials for them.-China Mail by last minute weakness in raw broad advance, marred only Special.
chemicals.
Tobacco
of
the
Chicago Grain Prices
On
Chicago, July 7. Wheat lulures
surged higher the Board of Trade today, while the balance of the grain ilat turned easy to weak.
shirës made their best showing today since they were sold heavily June 22 on roports linking amoking and
Graina
lung rated to 14 points in
Ligott &
& Meyers, Reynolds "B"
Morris and American
Tobacco
roso a point or more. Early in the session profit- taking depressed price but when to this failed
about liquidation of any quence,
theta
the market steadied
Local bidding on wheat was moved into new guly
supported by continued strength high ground for all in Kansas
lo
and Minneapolis Fosturing with the tobaccos, markets, along with n
heavy which market mon canh kh demand from
domestic four teen oversold wore fall stocks, Luyers. Bakers said there also Богро oils,
steels aircrafts appeared
be substantial motors and chemicals. The last speculative buying of wheat group, however, sold off just based on the low market price before the close and influenced in relation to the government other sections where final prices Euterally were below the day's loan.
highest. Of B
a total of 1,203 issues traded, 497 closed the day higher, 410 lower.
Commission buying was 50. ported to be ačtivě in wheat pit as à roactión 10 the heavy flour sales and to the news that most producers continuing to hold new wheat
off the market for the govern ment loans, or for higher prices
Current prices for cash wheat
crnment
Traders attributed the slip in roybean prices today to a wave of profit-taking.
Atlantic Coast Line was the mainstay of the carrier group with a gain of 34 points.
In the motors, Chrysler fell 1% points.
Aircrafts continued in demand.
in the south-west are about 46 | Lockheed improved 9% in active cents a bushel under the govtrading na tho
company Joon Ival. In the rounced its air force jet fighter mid-West prices average more XF-104 flying successfully. than 50 cents below govern- Radio Corp, yesterday's ective ment supports.
leader, occupied that position again. It rose 4 to 832.
Some olla were strong Amerda and Texas Pacific Land Trust rose more than a point and Standard Oil NJ, was up 4. for Volumo
the Késelon totalled 2,380,000 shares, com- pared with 2,500,000 yesterday.
The New York Stock Exchange bond volume was 4,150,000,
The American Stock Exchange volume was 550,000 shares.- United Press.
Wheat closed off 24 to 45% cents; soybeans eff 1% to 7% cents per bushel.
Belgrade, July 7.
West Ger- and many have
a signed year trade agreement hero open which officials say should
sult in a considerable increase for No. 3 Northern, and for No. in exchanges during the year, it was at 1574 cents-United beginning July 1. possible to give an overall
At Winnipeg, wheat was re- priced at 163 cents a bushel
Interests in the Exchange today
Justy
Volume
2.200
Open Interest
40,000
pre-
Dal.
204,000
Doc.
12,700
102,400
Mar.
14.400
320.x
May
8,300
270,000
July
4,000
131,200
7.200
300
14.000
60,000
1,079,200 bales,
-United Press.
NEW YORK PRICES
30.400
Such Bituations are to be found elsewhere in the country, During the month 64 second
(home Month particularly Auckland, which is mates and three mates New Zetland's
certificates largest city, trade) Labour's
dissatisfaction with
where the Government's progress found
transport problems arepared for issue to uncertificated full expression recently at the acute and call for urgent atten- deck officers, apprentices, cadets and deck ratings, and 08 second annual conference of the New
class certificates were prepared Del. Such problems, brought into Observors here forecast that Zealand Labour party which, in
Dec. en- it Labour is returned, the price no uncertain
for issue to uncertificated the terms, urged the political spotlight, are x-
hase Tail theso gineers. The holders of controls which the National desirability of maiting housing pected to cause the Government has progressively one of its main election platform this session and later during the Government
certificates embarrassment during
(in so far as they are included in the effective sec removed will also be reimposed. Į points.
Probably because a general general cleation campaign. tion of the Central Register of be, however, for voters
New York, July 7. to decide whether the National election is no: for off, neither
But the domostie
Scamen) have been transferred front of
Prices of cotton futures today Government's
polley of de- the National
dominion nor the Labour Conomic Hée in the
from their pre-certificated renk control and allowing prices to parties is anxious
shows a clear picture Just yet to
of pro-
or rating group to the "masters closed as follows:
Spot and deck officers (certificated)" find their own levels is better make my disclosure
gress. of major
"engineer officers (cer then Labour's
polley of strict
There their points in
Industrial
peace, policy price control.
grammes. But obviously other while factory and farm output fiticated)" groups, respectively. in a recent review of public insues besides living costs and is high, the barometer of race. accounts for the year ended last housing problems will shortly track totalisator investments la March, Mr Holland announcer come into political focus. These at a near
pro-
and
July
Mar May July
York Sugar Market
height and New record
of £1,000,000 may include the Government's tracie in all directions à pros- a small surplus and added that the economic import control policy and its persus. position of tho Dominion Is recent decisioni 13 thoroughly sound,
£12,000,000 frem
borrow
the trading Marginal Seats
A day er so later the Minister banks to help finonce the present
record
dication
gramme,
New York, July 7. World No. 4 sugar futures today closed 1 to 4 points lower with sales of 261 contracts,
35.97
It is
not
estimate of the trade as only nine per cent of the West German exports will be'
quata under the agreement.
In the
In
previous agreement,
Press,
CHICAGO GRAIN PRICES
Chicago, July 1. Prices per bushel in cents
Closing Prices What No. 9, Red
100%
Dept.
May
which ended on June 30, West German exports to Yujo-pc. stovia were set at about 30 tar, million dollars and Yugoslav Cófa, No. 2, yellow exports at about 50 million Spot dellars.
Yugoslav, exports felly BODI had short and by Inst reached about 35 million dollars. Mar.
It was understood that Yugo
July slavia would export
increased
Bapt. quantities of maize to West Date Germany ranging from 800,000
30.20n
33.72
24.11
31.28-20
33.87
3.01 33.10
United PreEJ.
vost.
NEW ORLEANS PRICES
New Orleans, July 7. Prices of cotton futures today closed as follows:-
Spot
July
Der.
Domestic No. 8 sugar futures uniformly 1 point lower with
Mar
May
July
Oct.
Deo.
for Housing. Mr William and next year's housing pro- Of 80 seats in the House of Sullivan, announced a
Representatives the abolition of house building year as an in- With the decontrct of imports the Legislative Council, or Upper of the progress that has come Labour criticism of the House, on the first day of 1950, the Government is making to Government for allowing im- has made the system of govern- one of the more serious porters to bring into the country ment unleamerul, the National
facing the country. luxury and non-essential goods, party holda 19 and the Labour | snica of 310 contracts, A total of 10,700 houbos built with a consequent wastage of party 30.
in the last financial year com-
valuable sterling funds.
pored with the previous highest
total of 10,400 in 1950/51. Half
the houses built fast year were either built or financed by tho Government which, although it from
Main Debates
Borrowing
The reals which are classified World futures ensed under as marginal total 20 and they realising and hedging after
carlier are held mainly by the Govern-
firmness on covering ment, by as daw as 100 to 500
4
لله .
34.00
33.00h
33.94b
24.11
37.36
SAO PAULO. PRICES-
to 1,600,000 dollare
Pending on the Worth, de- Royberna No. 8. yellow
Yugoslav exports
har-pot
of Bapt.
prunes would be increased and Nov.
wine exports would rise from an
Mar. 600,000 dollars this year to Briey, spot probably
1,200,000 dollars w York dour, 199'ths.
Back under the new agreement,
Agreement was also. resched
on à Danube shipping servico between Yugoslavia and West Germany--China Mail Special London Foreign
jod
$760
37546-18
Singapore Rubber
Market
Singapore, July 7. The market opened lower on. disappointing New York advices. There wha some trade and factory support but the marko closed off the best level on profi- taking. Future closings: No. 1 rubber parin.
July
Atiquet
September
No. A rubber per 1. July No. 8 rubber pas ih. Jul No. 4 rubber per 10. pot rubber utibaled 250-4 Blanket crope ={•& NG2 pale crepe
110-100
$10.10 -United Prees. WINNIPEG GRAIN PRICES
Winnipeg. July 1.
Closing Prices
Price see bushel ia contar
July
October December
nye
July
London, July 7,
October December Harley
Exchange
310.827-10.43% |Blocked"" "Mark"1990), 52 37£9+1834
£3.05b
United Press.
76
Sao Paulo, July 7. operations.
Colton futures closing prices,
per kilo. were Domotic futures 'adsod' in linó | cruzeiro with the lower station in the follows: raw market, Future closings:
WING. MA 4 (WArid)
New York.
BO
Montreal
Amsterdam
Júty,
20.00
Oct.
31.01
• Hamburg⋅
Deuts
Dee
Mar
73.75
Parle
Sept.
33.60
May
“United Presa
Mac.
affect
kpot-tennis per ib., zob' Cuba) contract, Nu. E
The Government's borrowing votes
the trading
banics also Voting strength in set aside £13,000,000 for house resulted in Labour allegations European electorales, overdues building underspent its vole by of further inflation and the 18,000 to 14,000, while the four £2,400,000.
creation
of unnecessary credit Mouri seals, which have voted when loans could have boon | Labour consistently alnoé, 1935, obtained from the Raserve Bank have a voling population tonging at » cheaper rate.
from about 8,000 in Bonej instarios ∙But by and large, orthodox to nearly, 80,000, in others.jp
virgins command the
Boundary changes will
tho electorates before the
election, though voting:
op
The cost of living and the
housing, · problems, with, which financient for pot prin
the Labour party has caprested
concern hy previous years may the Reserve flank and
well again proving the main das the handle of the printing prese
Elf whé bresent session when
aga
(subjact on which
Absorvera here consider
to
„to: restore abour will wigo : war: Brid
WAT
keliones Government, Government's inancial policy, is in lies with the Athree other
hit cordating to build houses› gumorally it for, no other reasons facet oled
$22.00
Exchange Rates
340435-140,4TIS 00314-66934 123347-1739.3/7
Stockholm Morich
"Others, were unchanged),
NEW YORK FORZICÍN
HE EXCHANGES WAA
Canada Lang Fandang
Zwitserland
July) October December
SLAXzSed
October
December
DOW JONES AVERAG
A New York, July 75
Dow Jones, clowfrut
oh Wall Birvat, were za zoll
10 - ivdustriala
Commi, futiles price
United Press. NEW YORK MARKET
New York, July 7.| Rubber futures today closed 28 to 40 points lower with salon of 149 contracts.
Fred-taking and hedge sell ing, plus lower cables, halted. rocant advancing tendencies in the_terminal market.
The spot market continued to be dull with factory buyers still: holding alopt Spot No. sheets were quoted nominally 2434 cette a pound. Future
21.00*
24.JA