M
at
**THE CHINA MAIL, WEDNESDAY, SEPTEMBER 8,' · 1954. ~
Pluto” Mrs Mary Woodrow, grooms King Husky "King
the Edenbridge Kennel, England, where the 12 magnificent husky dogs which recently arrived back in England with the In October, they will have another North Greculand Expedition are at present in quarantine. long journey when they go with the expedition to the Falkland Islands Dependencies of Ani- arctica. For the moment, however, they are enjoying thele rest at Edenbridge, where they are who in looking already great friends of the family of Mr Woodrow, the Velerinary Surgeon
after them during quarantine. - Expres Photo.
CURRENT
BOOK REVIEWS
European Imagination
Stirred By
The Beveridge Plan
d
brings the very ve ghost
of
The story behind the in principles of the plan and
much of its detail. It was enact the Halsburgs, Archduke Otto, "Beveridge plan," on
the heir to the Habsburg Empire. Ita essentials hy Labour Government In 1940, "There are few realistic think- which the British sys-
and it is today a fundamentalers left today who believe that tem of social security is divine of all Britain's main in a political sense the Empire parties-China Mall | could ever be restored to my- based, is told in a book potical
thing resembling its old guise written by Lady
and scope. Beveridge, wife of its
author.
"Beveridge
liis
Man"
covers
(published by Hodder
Stoughton - 158.)
career, triumph, and disappoint-
eminent of the
William Beveridge,
presented
Speciul.
"Yet two important factors which affect the substance rather Imperial tradition cannot be argued out of existence,
TRADE and
Australian Wool Men Optimistic
Despite
Price Drop
Sydney, Sept. 6. Australian wool men are still generally optimistic about prospects for the new wool selling season despite a fall of up to 12 per cent in merino wool values during the first week's sales.
The apparent world wool supply and demand for the 1954/55 season are about in balance and wool growers see no economic or statistical reason why values should be appreciably below last
season.
In the 1953/54 season, which ended on June 30, Australia earned £A390,716,000 (£312,872,000 sterling) from sales of wool. Australia's wool income is the main stay of her import programme and any fall in the price of wool could have serious effects on her economy and on the volume of Britain's exports to Australia.
Most observers had anticipated | attributed to the nature of the a small casing from last season's curly season's offerings which prices during the first few days are not altogether sultable for of selling but the fall of up to the American trade, but it is 10 per cent in merinos on the fairly confidently expected that Arst day at Sydney was some- in about three or four weeks' what larger than expected.time, more American
activity Merino wools used chiefly for
will bo
seen, Mort wool the manufacture of worsted cloth observers believe that whether
of or not average prices over comprise about 07 per cent Australia's total production. The whole of the season will prove remainder being cblefly cross-
to be lower than those of last bred wools, The latter were in season, some aspects at least of short supply at the first week's the present weakness are no Fales and prices
than showed ttle more
temporary.--Ching change from
ruling in Mail Special. June.
those
BUYERS CAUTIOUS
ut
2
The sharp Tali in merino prices on the opening day made buyers extremely cautious during the succeeding days' sales at Sydney and Adelaide and by the end of the week, prices had fallen by a further two and half per cent. Today Bris- "The Best is that the peoples bane. however, the Dorket of the Danube still have a strong
appeared steadier. al-underlying sense of their com-
mon welfare and their common Wool traders know from past mission.
experience that the price trend The second is that,
if their
during the early days n the mutual traditions and interests new season rarely gives a true were
ever to culminate in Indication of the price level over
A Ledera- freely formed political
the season as a whole. tion, then the whole concept of believe that before long prices Austrian leadership, whether it for merinos should achieve much of the stability which featured be that of a President or a con- siltutional monarch, would come to the fore."
Balkan Affairs A suggestion for the than the form of an
of two and formation
te, federations of Danubian
countries linked, public servant, college president and though possibly some- social reformer who, Sir what tenuously, by a with a comprehensive return of the Habsburgs
health in the guise of a pensions,
form benelis. 1716 unemployment
presidency rather insurance. The Beveridge "He of
on Social Insurance than a monarchy, is put Ailled Services," Inunched in
ned forward in a new book Axis by an acknowledged ex- a bad conscience which Britain pert on Balkan affairs. developed in the inter-war de- | pression years.
Britain scheme
port
for
the
the middle of the armed struggle signinst powers, was itself the result of
experience
tt
Danube,
The Industrial countries of the Austria, Centrul Hungary And Czechoslovakia, could. feasibly, form a Central Danubian Federation and its most feasible leader, even if he were to be purely
at would be an Auto-
Danubian Valley groups may", when they are free, tend to group themselves
the under
most powerful or the most impartie) The step is proposed possible solution to the perman-leader in their midst. The inquiry was commission-
ent stabilisation, both politically ed by the Government in 1941,
and economically, of an arSA at a time when the Axis Inoked
of Europe which has been the to many like winning the waer",
breeding ground of two World Drawing
un 40 years'
Warn this century. and could. of social study and adininistra- even without the use of artifleto!
cosity tlom, Beveridge produced in 12: fertilisers.
produce the massive and monia,
de-third. telled scheme by which he Gordon Shepherd has lved
The proposed to attack "live giants" in Vienna,
of the heart Want, Sickness. Squalor, Idle Danube preu, for eight years. ness due to unemployment, and first as an officer with the Allied Control Commission and latterly Ignorance.
as correspondent of the London believed, Ludy
"Daily Telegraph." "that writes.
He is factual observer, enough wealth poverly needless;
seeing the good and bad that was wrong was the distribution ideologies and through his book "Russia's Danubian Επιμέτρη (William Deineman Ltd., 21s.), he opens the door to some elear 1inking
His title recognizes a fact, but not necessarily a nality, "The policies of the first postwar years (in Eastern Europe) have exhausted themselves in dead- lock nu new approaches scom imminent," he says.
Beveridge
Beverklige
Won
of wealth;
distribution
abolished."
to
And that by
want could
Yet he was no Socialist
☆ ☆
the.c make
what
re-
be
to
1
of
10
It is at thi stage that Mr Shepherd, while he is careful not to be so partisan as advocate the Archduke Otto for the post, does make a case for considering him.
He has
discussed with Ollo himself the future of the Danube Otto admitted that there area. was no chance of the Habsburg "In its old dynasty returning Scope" but, he said, if parts of "modern the bloc declared for a form of monarchy" (the Central Danube Federation idea) and other parts
favoured republics (the Scuth Slay bicc) it ntid
prevent their union.
"The Intended re-distribution was not to be achieved by tak-
the rich ing money from #ive it to
Lady the poor,"
* * Russin, he believes, has passed "It Beveridgo continues,
was her zenith of power in the to be made by the individual Balkans while the and-Soviet himosif
setting aside in times forces led by Marshal Tito have of earning money sums to in gained ground "physically and sure himself against the times spiritually." when by sickness, unemploy- ment and old age he could not He does not see any likelihood the
of Russia starting a major war earn. Into the pool thus creal- ed, the State through taxation to retain her hold of her Danu-strong and united and stand on and the employer from hirian Empire should any of the Russian and German influences." profits, would add their allotted states copy the example of Yugo-
tt slavla
proportions. In other
was to be Social Insuran
the last :ASOT
COMPETITION
the
the
World Cotton
Markets
New York, Sept. 7. Cotton traders today forgot everything else while they wait- for tomorrow's Govern- ment crop report.
ed
In sporcieally active deal- ings, prices backed and Alled but moderate OVET A
rungy, the previous They averaged below
close most of the time.
SUBDUED
sub- Competition was rather dued Inst week partly because of a shortage of new business in wool tops and yarns In Britain and on the Continent during the summer months,
COMMERCE SECTION
1 Page 9
U.S. COTTON Denmark Sending
FOR JAPAN
Washington, Sept. 7. The Export-Import Bank sald today it expeoled the bulk of the American cof- fon to be bought under the recently announced $60
milion credit to Japan would be moved during the last quarter of this year and the first quarter of 1935.
The Bank announced the credit on July 23 and to- day revealed the final financing arrangements. 香 said the credit, bearing three per cent yearly in terest rate and repayable in 12 months from the date of the drafts, became effe tive on August 30, 1954.
The cotton, amounting to about 350,000 bales, would De imported into Japan under the KUNZIO KITANZO- ments that applied in pre- vious Bank financing of American cotton purchasen. The letters of credit would expire not later than July 31, 1955.--Router.
HONGKONG STOCK EXCHANGE
Trade Exhibition
To Moscow
Copenhagen, Sept. 7.
Denmark is to become the first West Euro- pean country to send a trade exhibition to Moscow. Goods will be sent to the Russian capital by sen and air for a 10-day exhibition, due to September 17.
The Arst consignments
open on
of hotel charges costly 10 dollars
goods are already on their way (over £8) `n day për head.
the Finnish steamer
Adriadne.
Four hundred resta will
Although Soviet-Denish trade Mr
negotations ore at
be invited to the opening by the Danish Minister in Moscow,
Hugo Hergel, and present in Smerebedsjomfru (literally on
sandwich maid)
abeyance owing to the Russian
will be demand for two tankers, which the Danes may not build under seat all the way from Denmark
to
inaking superviso
1,000 their agreement with the North Atlantic
pieces of Danish smrrebed. Treaty Organisation,
Thirty thousand bottles of Danish government and trade
| Danish
beer will also export circles still hope that by ex-
be sent to the exhibition.to
|hibiting a large range of Danish Chinn Mall Special.
goods, the way will be paved for substantial sales in the future.
LARGE RANGE
NEW YORK
STOCK
MARKET
Some 80 Danish firmON *{l be represented and the goods exhibited will cover lorge range of Denmark's manu- facturing capacity. Although it is not so complete as the cx- hibion organisere had hoped, the goods will comprise milk. (From Our Correspondent)ing and other dairy machinery. electric shavers, medical ap- equipment. en the Hong-paratus, electrical kong Stock Exchange this Including chandeliers and artis- morning amounted to $571,848.-te lampshades, rubber articles, craft shares und a host of 20. Noon
quotations and the raincosts, ⇓ good selection of morning's transactions:
textlies, plastics, nims, packing special features added $500, materials, instruments, tools,000,000 to the market valua BRAKES DUYERS SELLERS SALES teather
dried-milk.tions today. erasing final biscuits, cutlery. traces of last BANKS
hearing aids 11K Bank
1710 1720 28 1720 and kitchen equipment.
selling. 30 de 1715
Business done
INJURANCES
Union..... Underwriters
205
1.00
DOCKS, ETC.
Dack
23
Provideni (0) 13.00
Wherlock
14 1000 14
1500 @ 15.80
7.03 100 or 1.70
LAND, ETC. Ik Hotel
IIK Land
300 11.10
40
00 250
00
50
Humphreys
rcumula-UTILITIES
2000 1 7.48
11 11.30 500 7 11.40
0015
1000 09
2044-20-00-1937 ++ 20.ki
2007 £20.00 1500 0.00 2.021 7.1245 3009 de 2.07
.
115.80 GOD 16.00
152
Beolly
Tram and Yaumati
154 300 154 Ferty C. Light 10) 15.30 15.40 1500 pr 19.60
1000 151
300 15.40
brought out a heavy
The long holiday week-end
tion of hedge selling orders from Техра the central belt other points. An opening splurge of hedge selling dropped prices around 60 cents a bale, but the market got more support around that level.
Domestic mills, shippers, local
and traders
Orleans New
of brokers digested most
the contracts, traders said.
C. Light (N) 12.20 12.00 500 12.00 500 or 12.35 Electrio XD
Telephone INDUSTRIALS
Cement Rape STORES, ETC.
COTTONS
Texile Corps MISCELLANEOUS
Allied
Many firms were thus opera- strict limits ting within very and were perhaps more interest- ed in ascertaining replacement costs than acquiring wool in to be issued volum. Demand is expected tomorrow, will estimate the con- pick up once order books be- dition and yield of the crop as of Sept. 1. The average of six come better filled.
private estimates made so far the suggests a Agure around 11,993,-
000 bales.
Dairy The Government crop report, at 1500 GMT 10-
Japan was reported in market bul ther was little
ircm support
the United States. This may be
or
סת
and Trading volumes
open interests in the Exchange today were:
Month
LONDON WOOL TOPS MARKET
Oct.
Volume Open Interest |
13.700 203,000
Dec.
41,200
Mar
23,800 120,200
May
21,200 405000
July
7,000 216.100
2,000 70,800 1,300
43,300
32 1100
600 rp 21: 1000 31!
27,40
27,00
24 30 24.00 500 24%
7.30
New York Sugar Market
New York, Sept. 7. World No. 4 sugar futures closed today unchanged to
gooda,
400 HUNDRED GUESTS
The cxhibition
will
2,300
square yards
cost 2,000,000
New York, Sept. 7.
Strength in steel and air-
week's early
119
Gainers issues such cover Bethlehem and US Steel. and will Douglass
Corp., kroner (£100,- Chrysler
aircraft,
Bendix. Westinghouse
000). Some 30 Danlah business-Electric-ranged from a point to men will attend the exhibition, more than 3 points. although they are faced with
World Rubber
Markets
Singapore, Sept. 7.
Activity picked up from the $1,030,000-share volume in the pre-holiday session on Friday to $1,800,000 shares.
for
Demand for two Issues accounted
most of tho Increase International Tele- phone and American Cable and Radio, inked in merger talk by a radio commentator.
110,000 TURNOVER International, which airendy 18 per cent holds more than interest in American Cable,
After opening slightly lower the market advanced on trade support and spot covering with sellers reserved, Lower grades and re-mills were in better de- | opened on a 60,000-share block mand.
and piled up a turnover of 119,- 000 shores. It rose 11⁄2 points to 23%. American Cable, which opened on 30,000 shares, added points to $7% on turnover of 77,700 shares.
Future closings:
No 1 rubber par 1b.
Sept. 3-9/10-60-11/16 Oct. 10%-04 Nav unquoted
No. 2 rubber per ib. No. 3 rubber per it.
Sept. 50-6041⁄2 Sept. 673-001.
No. 4 rubber Pet $25073
0015-08
Spot rubber unbaled v816-68% Blanket crepe No.
pale črepe...
TB-7914
NEW YORK Futures closed today 25 to 35 peints higher with sales of 50 contracte.
Traders coupled the higher trend with the stronger primary
4 points tower with sales of 18markete and new political un- contracts.
certainties in the Far East. Domestic No. 6 sugar futures
the Business in
local spot closed unchanged to 3 points 113,400 2,101 500 boles lower with sales of 50 contracts. market, however, was slow with Trading was slow and feature No. 1 Rss quoted at 23 cents NEW YORK
less in both the world and a pound, sellers basis. Future
closings: Prices of futures closed today domestic contracts.
Spot. as follows:
London, Sept. 7. Wool tops futures market Total closed barely stendy with o turnover of 72 lots.
Closing prices in pence per
1b. were:
arca
not
What
is important in any such
federation, whether nominally led by a King or a President,
the 13
strongest posible emphasis on decentral- ilsation. Only in this way can remain as a whole
Sept. pl. Dee.
Jan.
Mar.
May
July
Sept
Oct.
Dec.
Jan
Mor.
ita
SWTI
feet
against both
from "Czecho-
freelug herself from
Even more facts on one of the Moscow, except in the case of Danube
Czecho- countries, Of the slovakia, come When the report was publish- Poland and Rumania.
slovakia," (published by George ed, on December 1, 1942, the others, he says: result was "electrifying"
Albania: The apple of Com-Philips & Son Ltd., 305.), a text
by
Wanklyn, Harriet Britain, and among the British | munist
power is so rotten in book forces
University lecturer in Geography armed
In Tirana that it would be foolish overseas. occupied Europe, news of its to climb the tree to shake at Cambridge.
it "ran contenta
like wildfire," cft its own softness, added to Lady Beveridge writes.
the steadily increasing gravita Continent afler tional pull of Yugoslavia, seem
met mem-likely, the war, Beveridre
to ensure its foll bees of Rtaistance Movements❘ time.'
130-140 130-140
Spot
Oct
Dec.
Mar
13016-137
May
July
30%
Oot
Dec.
Mar,
United Press.
NEW YORK WOOL TOPS MARKET
NEW ORLEANS
LONDON
2400
23.05
24.10
24.25
04.357
The market was steady with
1 Ras quoted spot No.
1
Aircrafts were strong through- out the session.
Steel shares got into nation late in the session, running up shorply to nearly 2 points."
Chrysler was among the most active
Issues and featured motors with # galo of 13% points.
A few oils were strong with Texas Gulf Producing rising 4% to $79.
Copper stocks did well.
Out of 1,118 fasues traded, 567 advanced, only 200 declined. The New York Stock Ex- change bond volume was $2,210,- 000.
The American Stock Ex- change volume WILS 070,000 shares.
DOW JONES AVERAGES
Dow Jones closing averages on Wall Street were as followi
30 industriala
20 rails
utilities
25, stocks
345.37
114.03
60.72
121.40
100.00
174.03
-United Pres
Comin. future price index
34.1m
고
33.03-01
Traders marked time pending raw market developments and the International opening of Sugar Council meetings at Lon-
Deve
Mar.
May
33.22
don tomorrow,
July
33.21.73
Future closingy:
Sepi,
Contract No. 4 (world;
Cot
Jeo
2.20.
MET
May
at 20%
40 bonds
Jubi
Sept Spol cents per ib. fob Cuba) 3.20 Contract No.
Nov
5.52
pence per lb. Prices:
No. 1 spot THEM..
Bettlement houra term:
2014-209
Oct
2016-2012
34.30-31
May
5.45
14.07
July
4.50
OM./Dec.
2011-201
Sept.
0.65
Jan./Mar.
2015-201
Now
5.GO
Apr/June
2031-20€/
Spot-(conta per ib. df NY,
ex-duty)
July/Sept
2011-20
$.55
General markets, eif banta, port:
United Proms,
Sepl.
2014-20-5/10)
Prices per bushel in cents:
Det.
2017-20
Closing
Nov.
unquoted
Prices
Extule crupe thick
unqualed
thin
2367
Wheat, No. 2, red
Spot
22191-46
Sept.
AMSTERDAM
Dec.
Mar.
Prices of futures closed today Lae follows:
15.03
35.25
$9.256
Spot
Oct.
Dec.
Mar.
May
July
34.00
In
Mika Wonklyn's book is based on a portwar visit to Czecho. slovakia under the sponsorship the Royal Geographical
New York, Sept. 7. Wool tops closed today 1 to 17 points higher. Prices in cents per lb. were:
Dec.
3454b
Mar.
34.74
SAO PAULO
Oct.
Dec.
Jan.
tho
Soalety. But the was not a Bulgaria: A heavy economic stranger to the country, having who told | drain on the Kremlin and
July made a tour there before the oct. him that "he hud given them litle use to Russia in a defen-
Dcc. war. the most powerful weapon of sive war,
therefore, able to pat agalust
Mar.
May
of
b-bid a-anked.United Press,
Visiting the
in Norway, Denmark, Belgium, Holland and France,
سید
Statcs, the
CHICAGO GRAIN
PRICES
Chicago, Sept. 7.
Corn, No, 2. yellow
Spot
Sept.
all for their use
enemy,"
Mr Shepherd admits that short
She was, look at the country with the eye of comparison, and has at the same time striven to present a
truly factual record of Czecho
slovakia and the Czech people, their housing, geography, Ini
anation and
its
The market closed today, be- 104.0 iraded casive of a holiday.
New York Foreign Exchange
193.0 noni. 194.2b 1920
the United In 1973 traded 186.66 109.00 average price of 18/10 middling 1868 187.3% cotton at 10 designated spot Canada IMA 183.8a į maricela
35.10 Was
cents 1000 năm.
pound. Salos, at these · centres totalled 70,800 baler.
BRADFORD WOOL MARKET There is a steadier tone about
·Bradford, Sept. 7.
Czechoslovakia: No asset in a defensive war. The Belglans asked for * Hungary: is a big question copy of the report to be para-mack. chuted to them by night, and produced a clandestine trans- of a general war, which no one- iation in French and Flemish, wanta to start, the present the **In Germany, Goebbels issued Soviet grip on the Danube basin dustry, and how they live-in instructions to the newspapers to cannot be loosened. But the fact all the faces which go to
void mentioning the plan, but, West could help to prise it loose make up "in case direttssion becomes by retaining the political initia cltizons,
the top market, largely becRUNG the Brisbane wool, sales, which to pad it with cer- tive won by the creation of the NECOREATY," tain prescribed arguments and Balkans Pact, by encouraging forenco work for all students of ppened yesterday, record prices treat as an especially obvious co-operation between the Balkan international affairs. And as a showing little change from those proof that our memies are take countries through the initiation guide on how to write a factual in Sydney at the close of last over National-Socialistic of Inter-country agreements, futory of a country and its week. Quotations weretendo yun Tac, England, wore,
even on such moderi matlars, people, so as to keep the reader's to begin with, as frontier con- interest, these bool could with Beveridges disappointed.
trol, rallway transport, etc. pront be studied by misery writers Coalition And it is into this spiriteti ot ainsime, books, today China Jovertonkit tinarly seregted the on-operation that Mr Shepherd Mall: Spedal
the
Her book is an invaluable re
Note: The Liverpool Cotton
Was closed today. market
United Pregs.
London Foreign
Exchange
England-official
པ་
New York, Stot.
$1.03 5/34
unorical
30-day futures 90-day, futures ..
·South Atries .............** Canadian dollar fate:
Spot: close 1,
high
Yow
Future 30-day
90-day
2.70-573
2.000/18 1.00 13/10
Sellere
1.036/43 1,02 1/16
·1.007/2 1.01 Wie
1,03 1431/10 14/2310S LL
sik-month: 1.02 28/23 - 10138/22
United Press.
The market was steady. Prices May clorca today in guilders per kilogram, CIF Oct, as follows:
No. 1 rubber No. 2 subber No, a rubber
No. 1' crepe
12t buyers
1.90 buyers Dee. 1.34 buyers 2.25 buyers'
United Freas.
MAT. May
July
Rye
Sept.
Die
NEW
YORK SILK
Osta
Перк
Des.
MARKET
New York, Sept. 7. Boybeans, No. 2, 'yellow Silk futures today closed un-p
Exchange Rates changed to three cents lower Nov.
Bustiers "whe done in the. Joel
uponcini, exel
poming at the
'B. dollar" (per.
'market ́ ́ th
with sales of 1 contracts,
Closing prices were:
JAG
Mer
May
Harley