THE CHINA MAIL, FRIDAY,
AUGUST. 27, · 1954.
The Australian “Jindivik”
TRADE
standi
lo
"Radlo devices developed for the control of the Jindivin pilotless target alreraft have been so well advanced, that this smalt scale alceraft can be launched. manoeuvred To flight stimulate the "evantve tackles of enemy aircraft und landed again without incident," announces the Australian Ministry for Defence Production,
"Intricate control units are bullt Into this Robot alreraft at the Government Aircraft Factory. They react instantaneously le radio directions transmitted from the master station, which may be either on the ground at the Woomers Rocket Range or installed in a “shepherd” aircraft which takes over controls after Jindivik is flying.”
“Designed, developed and built by Australian engineers and craftsmen at the Government. Aircraft Factory. Indivik has now passed the experimental manufacturing stage and 18
It is in use at Woothers as a ligh speed remote controlled jet propelled quantity pruducijon, target operating near the speed of sound and is actually faster than jet bombers at present in operational service in any part of the world."
"Intended originally to function only as a harmless guided thraci be shot at by rockels and olber missiles, Jindivik is providing invaluable experience in high speed renute controlled mechanisms, that will help also in solving problems encountered in developing guided weapons with atomic or other explosive war heads for the protection of this continent,"1xpress Photo.
French Policemen
Call
For
Merger Of Forces
Paris, Aug. 26.
Leading French police officers, anxious to speed up crime investiga- tion and maintain law and order more efficiently, are calling for a merger of the country's three independent police forces.
Police Commissioner Jean Marie Chaumeuil wrote in a pamphlet recently: "Rivalries springing from the jealously guarded independenes of the Surete Nationale (France's Scotland Yard or Federal Bureau of Investigation), the Judiciary Police and the Gendarmerie are making it increasingly difficult for us to do our job.”
Each of the three forces is responsible to a different Government department. The Surete comes under the Ministry of the Interior, the Judiciary Police under both the Ministries of the Interior and of Justice, and the Gendarmerie, which operates only in country districts, is under the Ministry of Defence,
tat.
hospitality of the local police Sometimes they will not even allow us to use their telephone." M Chaumeul com- plamed.
Chaumeuils
יני וזין-י
Tex
"When
dt tertives from Paris for each other, bet ta trup a gang sharp riktacuse, Was t unive in an isolated village to of binckmarketeers,
musical chairs movement by Jolles am
the p-
oferts A Chile,
d amberd CommissionT darmed often refuse the modest
pened for alleged complicity by counties, with ruminals-ely to turn up vratieism, echo d Lenior ofleers at congresses and in other important posts a in privately circulated journals, i ponths later. were unter: after a ries Incitent, which have Lione Ainbag there was perlous ann n France to the Devaux, head of the Judice reputation of the guardians of Police, who was accused of art law and order.
ing us an intermediary betw-n
de Layors, a wasi tinguished patron
the
Their unpopularity blazoned throughout the country M. Chaumeuil also accused
# fow
month
When his country colleagues of pro- National Assembly passed Teeting local
perroonakliox.
noten violently criticising, the clues monopolising
and Minister of the Interior, M. Le Witnesses, and sometimes waiting Martinaud Depint, and the Paris reverel days before reporting Chief of Police, M. Jean Baylot, major crimes, such as muiders for the brutality of beton- mud large scale robberies, in swinging pavemen when they their areas.
broke up a demonstration by students who were demanding "Even when they got mund to reporting a crime, they get in that the State should spend more
on education
thr Duv
-
M
Hongkong: Stock Exchange.
FALSE RUMOURS
PUSH UP SHARE PRICES
By A Special Correspondent
Mention that such and such a company on the Stock Exchange has a block of idle land and it's a moral that the share will be up at least a dollar before the day is out.
Last week I mentioned that boom prices for land combined with land sale rumours had added
millions of dollars to the values of a number of shares on the 'Change.
Now I begin to wonder whether there's a gang of "apivs" at work on Hongkong investors trying to force share prices up.
COMMERCE SECTION
Malaya Rubber Production
Singapore, Auk, 20. Malaya produced 23,955 lons of rubber fast month which was the highest pro- duétion figuro for any
single month since the beginning of this year.
Offelal statisiles show. however, that the total pro- duction for the first seven months of Wils year at 317,876 tons was less than for the corresponding period last year when 324.484 tape werð: produced.
Stocks of rubber In the Federation of Malaya at the end of Juty stood at €2,121 tans.—United Press.
NEW YORK
STOCK
MARKET
In the case of Hotels, Docks, their prospects aro excellent Ropes and possibly Prøvkdents what with the demand for
New York, Aug. 26. Think you can Take It that cement for Tai Lam Chung and
The market went through there
Something genus. later on, the new Kai Tak air-another routine decline to
In the
Hotels
t
The
גי
'
week Ju-
shide
thei Laph st level for the year Bay-
strip.
Japan To Enter Canadian
Quality Market
Oltawa, Aug. 26.
Japan wants to become known in Canada as
a maker and seller of quality goods, Embassy officials said today.
Japanese
Japanese Government and business personnel opinion that imports from Japan were cheap in reverse the generally-held Canadian hoped to
price, eraftsmanship and appearance.
"The market for the cheap Japanese products is In Southeast Asta
not in Canada," Kato NatsudolFi. Ambassador to Canada, said, "Here we want to known for our quality products."
was to cultivate a market such goods here without hurt
He added that Japan's nimi for
protincts,
realised
Ing Carnelian-mile Japan's traite lenders volume came in that it would be a lonų, slow affected by special haul, he said, but they
am ther $1.30 FOOT AND MOUTH FEAR day.
closed They
Dairy Farms
gave ground
Heaviest $11 70. Today. On the day they slipped 40 cents from $26.50 probably on fears of the New Territories en this weck were optimistic, foot and mouth discuse
surading.
reuca developments, Overall volume! totalled only 2,000,000 shares.
Market
noted commerlators thero has been nothing in the) way of A market stimulus in.l recent days and attributed thel rise is stone to on effort to lower
prices to levels which will bring In new buyers.
that the mynelicate's offer to De compuny (around the $#1
There was another small ad- million mark) was about to be
vance in Wheelocks-up teu urcepted.
11
cents on the week. Brokers
out that their Brt s week 1 reported that
normal for this time of the Wa-teens took n sudden leap ma
They begin to
to attract at from $16.60 to $18.20 floday year,
tention on the approach of their A broker they set a 510) heard this werk that it was a terday there was a lttle more
annual meeting, I heard res that
optimism in the market aboul Wheelock Murden and Ch. more than there's been for the Just six months and investors art more inclined to buy now,
and mie Fun the price jump. Compleje pon- sense, of course, bernase Wat- Ens have any land for sale. There still seems to be some lingering doubts about Cements,
T¢ཀ¢
There was a rumour cur rent about # tortnight ngo that -
were going to sell some
the Bitperty Just
company eluzind this.
6171
SMART RACKET?
11147
Tinse
of rourse. Just be wishful thinking
Fomebody's part but wouldn't be blt surprised to hear that somebody is working
smart tile rücket.
TODAY'S SHARE PRICES
yes-
would
World Rubber
Markets
Some support developed near the close and widest drelines! were pared with leading steels, Prices motors, alterafts oly, and knits; overstas generally closing only fractionat- | buying ly lower,
prefer that to any complaints about Japanese competition.
"I hope that Japanese ex- porters will not try to sell cheap Japanese lines here," Matmidaira aald. "They should concentrate on specialty products which will noi compete with domestie lextiles
extil
there are
по
plenty of other Japanese goods. which would not compete with Canadian production."
Sales prospects
Canada were belag constantly reviewed in terms of hard goods rather 'han soft goods, Embassy off- |elai suld. A recent trade mission
took home to Japan prehensive plcture of the Canadian market.
#1
APPROACH CHANGING
The kind of Japanese goods most often mentioned possibilities for the Canadian market Included
construction materials, optical goods, photo- graphic suppiles, generatory and
Singapore. Aug 20, advanced CA better advices with trasie afich sellers reserved. Future closings: No 1 jubler per lb S. 7-ther types of electrical items, Oct 87-7% and steel producis, incluüng
TATEL ungested pipe. No rubber per 1 Sept. 87-67
A past difficulty was that 602-001
- Japan's major exporters of In- No. 4
07-0712 dustrial and engineering goods
41-05idn't
know the Canadian market. They never looked on R
១៩ a feasible outlet when
Mack Trucks cracked tour points on a 20,000-share opening and Anished 24 points lower in the day's most lictive turnover Ne after the announcement that the sol rubber inhaled Company has ended merger dif- Blanket erupe cussions with White Motors.
MIERY WARD
be the
Nov.
..
No 1 pale spe
NEW YORK
10-110
Ward, slated to centre of a tremendous higher with
Rubber futures closed 5 points compared the United States,
of 1 con-
With trace missions and the sale proxy night, fell 1 points 10 trets.
opening of additional consulates $751% in the day's most active | The trading.
In the spot market, a Youtine factory interest was apparent at steady prices. Spot No. 1 Rsx were quoted 23 cents a pound.
Future closings were!
Sem One.
23143 23.380-04
2.1.1
23.00
1.10
21.00
Press,
World Cotton Markets
terminal market ruled in Canindia, that approach would be radically changed, the General Dynamics,
a recent steady in line with the higher
anid. — Uniled strong spot, fell 24-points in shipment offerings. with dealers Embassy here (From Our Correspondent)
active trading. Some quarters identified on both sides of the
market. had expected directors to take After, all it's easy enough- Test, XYZ Company's selling
Business done
on the Hong-ection on a stock split at their vend
the prices. kong Stock Exchange this morn- up go
meeting today, but the
but the Company Money for Jamal
ing amounted to $757,012.00, said the only action taken at the In some cases-particularly Noon quotations and the morn inceting was declaration of the
usual preferred dividend. in the
Hotels-manying's transactions: If
Aircrafts
strengthened at the investora feel that a land sale ARE BUYERS BELLERS SALES
BANKS
close and most closed with only will mena a return of capital
small but certainly there's no obliga- |
Northrop, however, lien on the company to do this. In most en es the bok value of
bought ugg are: absurdly low that she shouid Veja reud profits,
the Apart from
land sale rumours the market has been Trading featurelers this week
over has been moderate-just the million mark on average;
TRAMS DOWN
HK Bank East Asia KIN' INSURANCES
Ting U'A Banks and M. it shares le drance groups. in these brackets
for paused ennolidation and there were no
pro-
{tails
to 14
ved narrowly. losses ranged pints in Kansas City Southern Belling, ex-dividend.
LONDON The market was quietly stendy with No. 1 Rss spot quoted at 20 3/0 pence per ib. Pricés:
20%-3014 No. 1 pot w
20-20%
blar.
1710 1720
losses.
190
Douglas
and
May
were
Juty
en Underwriters Ducks, ETC.
Dock
200 a 21.00 Provident (0) 11:06 14:20 2590 14 12:00 Wheelock
3000 LAND, ETC.
aik Hotel..
010
around a point.
Sepi.
5.00
Sieel moved
212
|
1.35
11.00 11.70
500, 11.00
500 11.70
co co
200 203 OF CAL
20 100
2.10
band
The
IK Land
Humphrey, Realty UTILITIES
Tram
Utilities moved narrowly.
1,181 issues
tracted 390
or were higher, 638 lower,
The New York Stock Exchange volume was $3,070,000. American Steck
19 19.30 1550 @ 10 change volume
120
Star Ferry... Youmalt
Ferry
147
130
+ Light (0) 13.00
C. Light (N) {2.90
23010.10 shares.
18719,20
1130 10:20
30 130
100 130
Settlement house term:
Oct./Dec.
20-20
Jave/Mort
20-201
Apr/June,
20-201
July/Sept.
1016-201
Sent,
Oct
Nov
Etate crepe thick
Ex-Gentral markets, cif basin, ports:
€60.000 WOR
DOW JONES AVERAGES
New York, Aug. 20. Dow Jones cissing averages on
10 5.00 19.00 Wall Street today
| 30 industrials
300 or 10
follows!
50 15.00 13 2000 1200
07 12,0 3300 12,00
20 mil
utilities
63 stocks
40 bands
Electric... 33 331% 100 of 331 INDUSTRIALS
20
Telephone
Cement ..... 27.30 Hope STORES, ETC.
Dairy
Watson
+
17% 17.00 300 17.70
25 25.20 £300 ## 20
500 6 24.00
4300 25
17.00 1020 1000 or 18 300 17 100 of 20.70
| sienificent changes In prices. Benks were $1,716 middle yes- of the t
terday, all square on the week arzel
wh Kang of thieves
and Unions sold at $910 which end of a priceless collection is about five dollars
down. ut paintings
hy Rubens an Raphael from
Trams were losers on per hals Paris.
castle near i pletent
and switching Pat selling
the opriations, Yaumalis were exception, of course, and im- proved another $3 on the week; to $158. It's still the same old story-anticipating a new or bonus issue announcement next j
(N) M. Desyoux was said to have month with the interim L. Crawford proinised the Duke
COTTONS that l dividend.
Textile Corp 6.83 7.10 could get the pictures back from
Cementa were again
10= |MISCELLANEOUS the thieves for a
erminent-in fact, quite speciacu- ransom
1.09 1,000,000 frames (£1,000) each, They sold last Thursday Allied. 4.10 4.20 M. Desvaux was dismissed by the for $25,80, started off today at
rose Minister of the interior but was
steadiis $26.30 and
CHICAGO GRAIN given a new police appointment $27.10. These die-hard rumours
PRICES shortly afterwards,
of land sales might have con tributed something to the rise M. Pierre Bortenux, head of but at the same time the com- the Surete, was dismissed in the is doing very well, siline Mener when he was hear, Don't be misled by the found to be a close friend of fact that less sleam is coming Wheat, No. 2, red
His Spat Paul Lecca, a notorious gangiler out of the chimneys these days Sept. 2164(11) 212(1) who organised a hold-up near-production figures are very Dec. Nice in which the Begum Aga good, but the company has just. Khan was robbed of 200,000,000 installed its second precipitator July writers gleefully
franes (£200,000) worth of (team-reducing equipment). I Corn, No. %, yellow Eeparate Investigations into the lampooned the Minister end his
jewels.
expect big things of Cements- | @pot triple killingt
vied with Police Chief and, with tongue and rach other to obtain clues which in check, complained of "unruly M. Berleaux, who they treated as their exclusive students bullying our elty's fine the investigation into the holl property.
polloemen."
reperters
our way and are often more hindrance than holp." the Com-
The leader of the National missioner added,
Students Union received serious Many police officers and crime head injuries and was taken to
When
the students blamed
this rivalry hospital. for the 18-month delay before held their next maas meeting, M. Martinaud Deplattered his an arrest was made after the murder of Sir Jack Drummond, men to keep off the streets of the Latin Quarter for the after the British scientist,
stud his wife and daughter while camp. ing in Southern France two
summers ngʊ,
They pointed to the fact that the Surole, the Judiciary Police
noun.
and Gendarmerie made three Leader
in the
handled
movement
up, was said to have met Lee Resistance But in April the same writers during World War II and stayed Another example of the failure of France's police forces to co- bitterly erlileired the verdiet of operate among themselves was a Bordeaux
which ac at Lie home of the gangster in when the Surete allocated funds quitted three policemen accused Marseilles every time tre visited to finance n search In South of beating a suspect to death in Southern France,
court
Frenc
Their trial had treen prison.
America for a notorrot le Fou postponed for eight years while erook, nicknamed ("Crozy Pete") albor their the changes were investigated
colleagues of tho Judiciary by other policemen. brimah hal announced that they Maitro Alée
had found Pierrot's skeleton in
a slagnant pool.
pany
to
Chiengo, Aug. 20. Prices per bushel in cents:
Claxing Prices
21014 214- 2161 21016 2142-16
MDF.
May
202
106
154
10436-46
15814
Bept. Dec. Mar.
New York Sugar Market
May
July
Rye
Sept.
129
Dec.
Qate
New York, Aug. 20.
Supt.
1314-4%
7476-14
Dog:
70%
to one point higher, with sales of Sept. 1,140 contracts.
World No 4 sugar futuros Boybeans, No. 2, yellow. closed today' ena point lower spot
3001-310
Nov.
New York-four
(14.500/
Press,
Exchange Rates
Jan. Domestic No, & sugar futures closed 1 point lower to 1 point May Mellor, a well-
the Arguing against
back-
higher witliknior of. 95 contracts. | Turley; known French Inwyer, pin- ground of these incidents, Com-
Future closings were: pointed the problem of police misionor Chaumout and other Contract No. 4 (world) violence in n book he published senior omears are pleading, that | Sept. 1 stars
should be bef recently on French Law; "Beat- the three branches
he wrote, "though rare merged into a single force nhà Jon. among the Gendarmes, is re- that all recruits; should pass. stay latively frequent among the through commión; trainsteig | July: Jealousy between the difplice, In large measure it is school,
Bpatr ferent branches reached. * a borby, Dion: the mhothoda: ¡ns% vilmax In Strasbourg in the troduced into France by the For France's policemen are 4 tari carly postwer- years; when a dostapo during the occupation" proud of their reputation for July Judiciary police officer, was shot
efficiency and Justice and 'diter="
Ing
up,"
Mari
::
doad by a Burato · manalo, ári. Another aspect ef; polids.aev, minuta.do/root/out. Kimanibar, and xmmbush, which the two forces dvition, as which lowered in the corruption « Suhatever.
TependentlyAmEKT) morale Di ide force and provolors IoHIDE MILE SAMIA
Blay
wee
5
Thin AMSTERDAM
1034-20 unquoted 231
New York, Aug. 20.
In one of the quietest scasinns of the year, cotton futures 10- day see-sawed narrowly while traders awalted now
Incentives.
The mixed tenor of private crop accounts, plus the
the lower trend of securities
and some
other commodity markets, and quietness in the textile trade, in- lected a note of caution,
After swaying within a nine-
3. point range, the list closed lower to 8 points higher. Open- ing prives were off 2 to un 18 points. New Orleans closed off
2 points. up Trading volumes and open In- terests in the Exchange today.
3.10
The market was steady today. Prices closed today in guliders 343.33
per kilogram, CIF, Sept. as fol-were: 115.03
lows:- 40.03 123.40 No. 1 rubber 181.00
Cumin. fature price index 175.417
index
United Prem.
No. 2 rubber
1.06 buyerA 1,03 buyers
Month Vet.
Vahime Open interest
21,300
252.200
Der.
40,000
470,000
No, a rubber
No. 1 crepe
1.91 buyers 2.23 buyers
Mar
11.200
404,300
United Press.
May
20.200
July
10,000
109.300
Qel.
0,400
Des.
4,500 30,000
Total
137,000 2,054,100 bales
ANGLO-GERMAN
AIR TRANSPORT
CO.
FORMED
Cologne, Aug. 26.
Germans have joined with the British in forming an independent German air transport company. Most of the capital will be German. and the company will fly all over West Germany, from the Baltic down to Bavaria.
The British partner is Skyways Limited of London. They have Bank of England permission for their side of the investment.
The new
already re- have its own aircraft. German frm, gistered at Hamburg as "Tran- technicians and air-crews are sport Gerellechrit" "will be air- to be recruited and trained 'as borne with its frat freight loads fast as possible,
aseen as a few technicat de- Germans hope that their hold- talls are fixed,
ings will eventually run 10 The British High Commission something like 70 per cent of in Bonn regards the new com- tho' capital.
pany as a
'n "good development." Gormans
part think it
PRIVATE ENTERPRISE
It is 100 per cent private en-
00,000
NEW YORK
Prices of cotton futures closed
today as follows:
Spot
Oct.
Dec
Mar
May
July
Oct,
Dxc
NEW ORLEANS
35.10m
34.00
34.41
34.09
Prices of cotton futures closed
today as follows:
Spot
dict.
Doc.
Mar.
May
July
Oct.
Dece
LIVERPOOL
Cotton prices, American
| middling cotton, 18/16 inch, îng
pence per 16, closed today is follows:
4
Det/Now.
Doc./Jan.
Mar/Apr.
May/June
32.00
July/Aug
Oficial priven for spot potions in-
clude
"Ainerlcan middling
15/10th inoh
Tinch-
Mexican midding
SAO PAULO
who will be taking #splendid Thoy enthusiastically aged sint at the terprise, And the next step will start Brush experience, techni- be a pact with the coming Cer cal knowledge and technical man Lufthansa, which is still Colion futures closing prices, resources will be "bery valuable walling for German sovereignty, in cruzeiros per klia were as
bofore it becomes active, to do follow to the how compan
BRITISH ATBURAFTS fino respective, nelde, operations, cet How will the test company
Sald Skyways director Mr Deb Charles Dacor "We shall not
Mar
dirernit}pg Swo wifi Lufthansa: July
Bbably 2 York/NBut when in
fadi!
be supporting veras
the 7 Said the Lufthansa representa-
then be- tive of a Cologne party to launch market
| the|tites Trenipor? Clampulschaft/y
war wil bel harmony,
湯