AUSTRALIA
AMERICA LOOking to the south””
POSED U
CLAIM
ROSS SEA
PALMER
ARCTICA
PRINCESS ELIZABETH
LAND
By
KUIN
Al
5
INDTRY
AND
re/sambal 9414
alkalm
ATLANTIC
LOCEAN
U.S. Belatedly Takes Interest In Claims To Strategic Antarctic
By Sigrid Arne
As far as the record goes the first living human to spot the Antarctic continent was Nathaniel Palmer, American captain of a sealing ship, sailing out of Stonington, Conn., in 1820,
A péninsula reaching up out of the big, white southern- most part of the world toward Argentina is named after Palmer. Three nations claim that peninsula Chile. Britain and Argentina. Palmer was an American, but the United States has made no formal claim on the land.
THE CHINA MAIL, WEDNESDAY, AUGUST 18, 1954. "
West of Palmer Peninsula lies a huge pie-slice-between 90 and 150 degrees West—which has been visited and flown over and photographed by many later Americans, most importantly by Rear Adm. Richard E. Byrd.
But not one single pebble on
or lund that huge slice clained by the
Government either.
ADE
MERCE
Canada's Wheat Surplus
DIVERGENT VIEWS
ABOUT INT'L AGREEMENT
From Norman Crump
Edmonton, Alberta, Aug. 17.
I have just arrived here from Winnipeg, where I have been talking wheat. Both there and in Ottawa I heard divergent views about our decision last year not to sign the International Wheat Agreement. Undoubtedly we caused dis- appointment in some places, but others recognise our point of view. Today, the only possible reflection is that it is all ancient history.
Much more to the point is the present wheat surplus. Rather to my surprise, many Canadians are not greatly worried. The surplus Is the consequence of several successive years' good harvests, and one indifferent' harvest would go some way to restore the equilibrium. Again, wheat is moving into consumers' hands, and, even if we in England did not sign the Agreement, we are certainly buying wheat.
risk
SWEDES LOSE ON HONGKONG
RUSSIAN
1
REAL
Gotchaburz, Auk. 17.
A loss of 250.000 Crowns (£17,241) over orders for the /^15öviet 2 PRIMER caused the`i kalendainy
Joini Kalen company formed by the leading bufident of tle slips in Sweden, the Onical_No-{"" ceiver falu here today.
compard Ltd.
'United
Shuby and
вне
ship:
WAY *formed), in** 1846, to supply 34 fishing vessels to the Soviet Untol for a total cost of 10,000,000, Crowns), (about £689,460). Absolving the
of responsibility buļiders for the bankruptcy the Official Recelver said they had built into the vessels at the Soviet request !! for which the Russians refused to pay for extra equipment.
The Swedish Embassy, 10. Moscow
way
trying LO secure payment from The Soviet orderers, "Machin- Import", the Onelai Re- céløet added.--Reuter.
World Cotton
Markets
This year's harved is a fool a Board hos atinounced an initial Intright inte. the underlying payment to Jarmors uľ 2.40 lies in the rare that the i dollar a bushel, which I am told former always has to get ut is not too bad. A has further havest in before the first teas, sall that.
date tu #l
be Again, rust is prevalent in mu announced Inter, it will accept
New York, Aug 17. quarters, and This may affect delivery of 100 units from each Cotton futures scared gains. the crap. Finally, acreage is farmer, whatever his serenge. A exceeding $1.25 a baje loduy lin: tfunt n
year ago, so that unit equals sither three bushels when
traders again took a GICOS not Took like another bumper
it
The Prane farmer must sell all hay whent .. the Cunedin i Wheat Board, and the "bag pil
on the Winnipeg Grin Exchange is now used for future dealffigs "In ether "grains.
Tis:
World Rubber
Liter
Markets
Singapore, Aug. 17. Rubber fatures :odpy steadied
inclined case selling with sellers reserved.
Fulares closings dère:
No 1 robber per in Sent Ort Nov
No. 4 rubber nos 1, Sept. Na
United States
all the
Adm
announced Byrd
headed's Autarche Association,
He points out that, unlike the Ronne, North Pole, Antarctica is Capt. Finn Ly naval
but who directed an Antarelle ex-mass of foating er
actual continent simigst as big pedition in 1947-48.
us the United States and Europe re-combined.
No. 4
nu
Spor rubber unhaled. Blanket erepe
In
Ho. pale crepe
He recounts;
At this point almost
rest of the Antarctic is claimed cently, in a Cleveland speech, ! that he wen hopes to return to ! seven nations; Br-
the Antarctic, New Zealand, France,
Argentina
Ln, Australia, Norway, 14 Chile
I'
Austeadin lins a
und
{
"It was on the side of onc nuntion range in the Queen
Another bill before Congress Maude mountains, 180 nautical by Sen. Flanders | miles from the pole, that I saw is sponsored permanent (R-VO). Flanders usks that the a vein led with enough coal bar on the white continent, United States y formal claim to supply the whole world,
Chile and Argentine to the area between 80 and 150 have Lases un ringe islanca, France has attempted to set up one. But the United States has never attempted to keep permanent ixire on the land of the penguin.
Lack of action on the part of the United States goes back to 1924, when the State De-
stated partment
10
other
the Wesl degrees American rights be reserved on other portions of the Antarctic Americans have explored,
Ten Trips
The State
Department
on some
cas-on".
1-64) Ampoll
60-80%. 11431
NEW YORK MARKET
Rubber
New York, Aug. 17.
fistures today
13 to 30 points higher with sales
of 20 contracts.
of wheat or eight of outs or five dubious view of the crop pic- of barley ce eve
This is an ture. initial delivery
HEAVY CARRY-OVER
Hot and dry weather over the minin
bell. producing
with Increasing complaints of shey!- This has come at the opening ding and premature opening of
boils, new wheat yetelieve the of the titustrates how heavy the carty
on
next
ས་
STOCK EXCHANGE
(From Our Correspondent)
NEW YORK STOCK OF MARKET
New York, Aug (17./ Stocks moved nhjend new quarter-century highs In early dealings today, erasing final traces of the { recent. 'selling” spree, then promptly turned around and
Business done on the Hong-started down again. kong. Stock Exchange this
morning amounted to $880,335.- Oll shares led the early `adé- 20 Noon qualitions prd the vance and held the best of the
Morting's transactions:
mejor groups by the late scile HWARDS BUYERS BELLENS SALES off.
1 BANKS
FK Bank East Age INSURANCES
Union
Lombard UnderWillets SHIPPING. Waterbost DOCKS, ETC. K Whort
3, 31 ; Provident (0) What Dock LAND, ETC
UK Hotel.. TIK Land Shai Land
מלונות מוT
Rrafty UTILITIKS
3:
Star Ferry
XD
1710 IND
20.10
7415 21.20 21.00
11.00
115 1.70
411713 The selling was touched of!!
| in strela after Repi Emnhuol Celica, Democrzy, New York, sought to block the proposal merger of Bethlehem Stre) Согр and Youngstown Sheet and Tube.
50.00 ***** 100 8
10 10,00 1300
Youngstown slid 14 points to $80% Bethlehem (eli 'T1⁄4 to $77 US Stee! dipped 15
10,50 | polni in $5434.
305, 601) 100 00
10 2.13
Oils, which paced the market 19.20 (8 90 3300 14 10 40
4550 to 30 yesterday and in early dealings
Luday, had closing goins ranging -
a point or around 10 70 200 @ 19.30 Standard Ol (N. J.) Standard inore in
California, Standard of Indianu, Union Oll, and Puro Jou.
132
142 199 200 or 153
CLICK ON) 12.8 13.30 Ekeine
haco Elec Vetegbone INDUSTRIALS
Cerneal Robe STORE ETC
DAN Watson
Youmnntt rooms
LASIK (0) 18.00 1020 2800 2 10.
2016 nov 291% 1 11 10 27 20 2713
Packard hekt
unchanged at 30027402%; Studebaker rose % point to $19% no stockholders of, both companies approved their mer- ger. Lowly Graham Patge
23.40 23.50 1740 25,40 1730
25 60 23.00 1200 # 23.70 1 X 17,43
10017
600
N 19.03
240
1
603
COTTONS
Textile Cor MISCELLANEOUS
Yangtze
Alter
17.00
appearing on blocks as large ab! 16,800 shares, rose 1%. An
teo 1770❘ investment company, it has 12. Considerable interests in the oil?
equipment producing and
in 10.dustry
There were numerous other good gatas at the eluse, and ʼn.. total of 445 Issures were higher ; on the day cut of 1,216 traded, There were 544 declines,
4 221, 4274, 4070 2 413
users to New York Sugar Chrysler roses and General
Government;
Market
No. 4 sugar futuret
Motors 4 point. Goodrich was International Nickõi up nearly
Montgomery point, Ward New York, Aug. 17.
more than 2, Alle- Chalmers nearly 3. to 3 Bond volume on the "Now York Stock Exchange Wan $3,080,000,
The American Stock Exchange
over 15
is, and farmers will still crop estimate may be consider-
wheat have to store
lover untess substantial the ably ground. Murt of them will get rains happen soon. through
without difficulty, for
ས་
Buying was not aggressive, World they have very little mortgage coming in a routine way from closed today unchanged debt. But some of the newer domestic mills, exporters and points higher with sales of 171 farmers may not find things to commission houseR, but sellers eentencts. easy, for they Have not been were even moro enutious in Domestic No G sugar futures here long enough to accumulate] face of the changing crop closed unchanged to 1. point volume was 800,000 shares, Ebvings.
picture.
tower with sales of 234 con- tracts
Dealings were mostly routing between reaners, dealers bad commission houses while the market held generally
Manitoba
being a paroly turning Province. today is far from On the ntrary, Ita Industrial activities are going ahead by lezgs and bounds. Winnipeg is the bellway restre and gateway for the Free Prstie Provinces, Is also thousand miles from
Trading volumes and open in- terests in the Exclinage today
Volume 24.000
to sell goods
Prices of cotton futures today Prairies connot satis!'nctorily closed an follows: de its business. from Toronto.
34.40
raw
unchanged.
DOW JONES AVERAGES
New York, Aug. 17. Dow-Jones closing averages on Wall Street today wereTM follows:-
30 Industrials
20 rails ...
19 uulitin
1.1003 stocks“.
3.1544-bonda
330 Comm. fillure price indi
were: Afentis OM. Dec Mar
Open interest
20.00
37,301
669,400
470,000
May
17,800
410,000
y
0.2400
Future closings were: Contract No. 4 (world)
Oct
3.440
$3,500
Sent,
Dre.
4.700
20,700
Oct.
Total
.. 124,500
1,996,200 holes
Jnn.
Mar.
mention this last point. be- cause any
Drish im which wishes
NEW YORK PRICES
Mny
3.18
July
11
the
New York, Aug. 17.
Spot-icenta per lb. tob Cubaz
3.18
Open Interest: 3,500 contraets.
Contract No. 6
Spot
Sept.
4,50
39.30
closed
spute
are parts. When a
It needs in Winnipeg only its erent,
event, but also arrangements
Ori
31.18
Nov.
5.58
Dry
Mar.
5.42
servicing
Mar.
31.75-70
May
and a depot for
May
July
0.57
24.04
a farmer. for
Jay
Sept.
34.80
Out.
34.19
Nov,
od
frosts
racing against the his
Dru
31,12
Spot-cents per th, clf Ny
get in
ex-duty i
6.50
NEW ORLEANS PRICES
New Orleans, Aug. 17.
Open Interest: 9.900 contracts.
United Press,
Prices of cotton futures today closed as follows:
Spot
34.00
34.17
Joe.
34. Ab
Mar.
34.70
May
July
34.02
Oct.
34.15
Dec.
34.22
Implements;
and
The holiday in Indonesin with pruelty
Sople is
to
of shipment offerings harvest, he cannot wait a week
for u spare port to eùme from! Eastern Canada, if an implement breaks down.
from that ares, and steadier Landon cables, imparted a local tor- stendier tone to the and I have "Other explorers brought back 10 Amerien
initial market.
wvidence that invulusble posits
oil, copper, silver, melybedenum, iron, gold and even uranium lie beneath the age-old ice."
of
de.
the spot
market
"GOON PROSPECTS
remained tull with interest There is a wide and growing restricted because of the strike market in the Prairie Provinces rubber-for British goods. Suggestions
to mo include ruilway material,
hydro-electric equipment, smalf
mators.
form
However,
in
several major manufacturing plants.
has
in
Byrd also claims military Importance for the continent. It be the Panarea Canal shouki knorked out in another world Way. whins travelling be tween Atlanlle und Paclic would have to go around the southern- most tip of South America, AL present the United States had
defences in the
area, ar!
Future closings:
Sept.
92.24
Dec
Nor
23.3
May
23.00
that the bulk of
July
21.03
Skepit.
23.00
population K
on record 10 trips made to the MA Antarctic by Americans:
1820-Captain Palmer,
nations that claims to the six million square miles of the Anturetic continent should be
discovery
-by
canblished only by occupation. 1840--Charles Wilkes,
vessels command of an official US ex- calling by
shore line-the ploring expedition, skirted over Department said was 1,500 miles of coastline in the NOT enough.
Eastern hemisphere.
State
an
The United States hos 1028-Str Hubert Wilkins, that Australian, was the rst mun
from be to see the Autarelic of acroplane, on a fight tuanced now by American citizens.
to
notified other nallons
could perhaps settlement accomplished by a meeting
which the eight nations
feel they have some claim
1
established 1929-Byrd
Lille America and
the Antarctic. There have been base at other suggestions that the In few over the South Pole on a ternational
Justice privately Anunced expedition. Itsien to the claims and allocate the lands.
Court of
Reluctance
1933-30
Lincoln Ellsworth
made
our privately-backed trips, flying inland over great
American ships could fall easy prey to enemy jets and sub- marines which might be based in the Antarctic.
Studebaker-Packard Merger
LONDON MARKET
clecits. watches,1 men's
LIVERPOOL PRICES
Liverpool, Aug. 17. Closing prices,” American mid- suits and overcoats. It is true tiling cotton, 13/20 Inch, in
Cantin
dan pence per lb., were as follows: the East, but the West is growing, and the A survey Americans realise if
Dee/Nov.
31,00
Oce/Jan.
31.85
Mar/Apr.
31.80
May/June
31.49
July/Aust.
31.29
oniclat prices Included:
for apol
cottons.
of market possibilities can be London, Aug. 17. obtained from the Manitoba The rubber market was dull Ministry of Industry and Com- Egypilan Karnok with No. 1 spet Ris quoted atmerce at Winnipeg. 20-1/18 pence por th. Prices:
No. 1 spot Ran Settlement house, tenn: Sept.
Cel
Jan./Mar.
Apr. June
July/Aug.
AUR.
20-2012
1031-20
Another point for British ex-
Giza 30 Argiouni
I
348.37
LONDON SILVER PRICES
London, Aug. 17)*-
The price of silver was quoted / today at 7231 penes (per (118) qunce for spot and 7212 petes for forward, phr fine; durch United Press.
Electric Curtain Is
Hung Round New Cable Ship
London, Aug. 17.
Britain's new cable ship, the 3,300-ton Recorder, most modern in the world, will sail into Food/full/food the Thames this month on her first voyage after one of the biggest money-saving shipbuilding experiments carried out since the war.
415 40.5
nel 347
Muxican middling" 1-1/32nd" parters to watch is the recent growth
102-17 G
in competition fiom
In
# list of
Toronto I was nen-Canadian- factories operating in
SAO PAULO PRICES
Sas Paulo, Aug 17, Prices of cotton futures today
20.70
23.00 21.00
27.60
26.179
1984-19 1016-101 1946-103 Owned General markets, cif basis, ports:
These
a grati closed in cruzeiros per kilo as Include 1054-19-11/10
number of British follows: -1916-19-11210 ving Sept.
ipi4-19-11/18 factories. but also rather mere German factories than I had AMSTERDAM MARKET expected. 1 was also told that!
Amsterdam, Aug: 17, 1- The rubber market was easy
Prices closed today In: gulders per kilogram, CIF, Sept. as follows;
with
com-
Wilmington. Dol,, Aug. 17. Stockholders of Studebaker areas in both hemispheres,
Согр.
overwhelmingly today 1933-35-Byrd led his second approved the merger private expedition.
Puckard to form a new
manufacturing 1939-41-Byrd- was. In charge |tomobile This reluctance on the part an oficial US expedition pony. of the United States has led to of Ecme impatience on the part of which established two bases.
1946-47-Rear Adm. Richard The vote in favour of the American explorers and some
Cruzen was task force merger was 1,020,840 to 20,214. Two H. members
of Congress. attempts
before commander of the Navy's An- It meant that more than two-
development arctic
stock- project, thirds of Studebaker Congress to make
Byrd in local technical holders approved the merger control. This included 13 ships, to form the Studebaker-Packard
are pendin
the United States keeps a big toehold in the Antarcile.
that
with
planes and 4,000 men.
Co. 1947-48-Ronno led an *x-
Sen, Case (R-SD) and Rep. Tollefsen (R-Wash) havo
No, I' rubber
No. 2 rubber No. 3 rubber No. I crepe
1.0 buyer 151 buyer 162 buyara 2.20.buyers Unlied Press.
Under terms of the merger New York Foreign before the Senate pedition, privately financed but
would using some Government equip-plan, Studebaker
twin bill
and the House. They
mont.
to finance a new expedition to hum
stockholders
will get one and one half shares
like to eat aside up to $200,0001048-Cmur. Gerald L. Ket- of 10 par common stock in the 2 government new firm for each share of the prosent Studebaker A/common stock.
between next and May 31, 1958.
the Amarelic
December
This expedition would try to
nall American claims;
ferret
out mineral resources, put but
geodetic control points,
také aerial photos.
and
keeded
expedition.
Why now?
:
Exchange
ELANDA PERLANG Now York Au
Canada
England-oficial
The Studébøker stockholders. meeting here was provides ayar by Paul G. Hoffman, New Zealand
Why now all this interest in Chairman of the board of; té
The bill would turn over both what seems an ley wasteland? company can be ngjash the money and a good deal of government
Aang - Jubunithba
says that after hits four.
approved
as ships, food, camera, touring ppd be la tonyinced the sharehold
and communirallons oquipment bottom of the world is actually announcement to an 'eight-year-old or unlia- a' treasure house of fabulous will be made tion enlled the American ricžas,"
day,
byss. Puckord
પ
unomcial
· 30-day 'futur 30-day futur
while cur goods were often cheaper then - Conadian goods, those
Germany from cheaper still.
were
Mar
May July
She will load cable nt Green- wich before sailing for her base ut Singapore.
CHICAGO GRAIN PRICES
Chicago, Aug. 17. Prices' per bushel Ini centa:
While she was fitting out on the Tyne a curtain of special alloy anodes were hung round her bull to prevent corrosion.
The anodes were placod, at fferent depths at about three the United States, the (In average price of 13/1 middling electric current passed through Wheat, No. 2 ved
to felir feet from the hull. "An cotton at 10 designated spot them to set up a protective markets was not available today.
resistance to corrosion. Sales at these centros totailed 29,871 bales)—United Press.
SEAWAY! Manitoba'an industries will** beneßt greatly when the Si
TO WORK IN PACIFIC
Later the Recorder was dry-
was no sign of corrosion. The
Bpot hull had remained: 'elmon and Sept. smooth...
Dees Mar
Spot Sept. 213(1):-21%(1) Dec, Mar. May
Lawrence seaway is completed, London Foreign docked for examination. There Corn, No. 2. yellow. for this will bring occan-going Vessels
up lo Port Arthur on Lake Superior. At the moment, it koka as I dunculties between the United States "ond
Canada
Exchange
2.81 7/15-2.611 103145-10.61147
OVE the staway will soon be New York London. Aus 17. Irched out. There are, Indeed, MentraANNABETICS
comdeling forces. The Arai Amsterdam Is that shipments from
Labrador t
two
The fans Brussels
of iron ore Perla"
Stockhđim
dor to Sept No have Zesich 1), run. It will be much czy were
tomical to ship them to Prend
uters in the instead of down
and
Nexu
away perhaps in six
15000-130,00
13.1913-12.50.
This method, it is believed, Tany solve a problem costing the Rye shipping industry millions and t nuntly. Hull corrosion shortens D the life of a Kip and reduces p lis entning capacity because it necessitates long spells"
unchanged-Dinted dock?
The Recorder will work in dha,japahit matinadakhir.. Rates of le
Para coring for 20,000 miles | NOVA,
JAN from Colomba to Yane Mar May
wili #include
#bls between{lny/
at a depth of three and a hall miles.
Cloning
Price.
·Härtey, spokpoka Atem MDOPIAI;
“United Press.