THE CHINA MAIL FRIDAY OCTOBER
1954
Guardsman Faints At Inauguration Ceremony
Paro
The scene as comrades and pollee rush to aid one of the Royal Guarda who faluteil during the ceremony at the inauguration of the equestrian statue of the late King Christian X, 13 Copenhagen. The fainting guardsman was carried from the scene--Express Photo.
Soviet Union Now Less Secretive
In The Baltic
Stockholm, Oct. 7.
The Soviet Union is being less secretive in the Baltic Sea although she is tightening her lock on Leningrad.
She is now holding her own fishing vessels on looser strings and has agreed in principle to co-operate in rescuing mariners of any nationality shipwrecked or in distress in the Baltic.
Ant
Recept calls
from
the
Moreover, she is now allow- Their vessels are always ac- not ing Swedish
West." Duush companlod by either a Russian trawlers to fish the rich shonla supply vessel OF lying within the 12-male wide trawler. belt of her
territorial waters. They had been banned
Own
Morcover,
为
Russian
increasing
from these waters since 1850, number of warships from
Soviet Government growing Red Navy
when the
Nevertheless, Soviet lifeboats WETC sent out to Western vessels in distress in, or 'very
TRADE
Hongkong Stock Exchange
zamel
BROKERS STILL
OPTIMISTIC
ABOUT YAUMATI
By A Special Correspondent
The Yaumati interim dividend announcement came this week-$3 unchanged and no announce- ment of a new or bonus issue. The reaction (a fall of $6 on the week) suggests that there was some disappointment but I found brokers optimistic yesterday that the issue would be announced before the end of this year.
Apart from the fall in trying to get a $1. Last Thurs- Yaumally and the rise in Banks day they were around the 80 and Unions, the market this week eenta mark,
was again dull and prices were Banks and Unions had an- inclined to be fractionally lower. other good wook.
There was
COMMERCE SECTION
RENAULT CUTS PRICES
Parts, Oct. 7.
Renault, France's biggest
car manufacturers,
today
out the prices of seven of their
private
commercial vans,
and
The price of the "Quatre Chevaud," baby car,
frazion
from 414,000 sterling) to 289,000
(899
sterling).
The mute came on the opening day at the Grana Falkis bere of
bere of the 41st Paris Motor Show
where new models from several countries are on display.
Today's
onta followed simlar announcements of prios, réductions in Simca and French Ford cars--- Reuter.
NEW YORK
STOCK
MARKET
New York, Oct. 7, Individual features en- livened a slow and irregular
only 1,810,000
Sinceres, I hear, passed their strong demand for Banks both dividend this year. In 1952 (the) in Hongkong and London and latest figures I have) they paid (brokers tell me the locol market 30 cents tax free. The market is bare
bf scrip
Hongkong talk is that business has not Bank London register shares |been good this year and that the were quoted yesterday at buyers company may have suffered from £100 end sellers £108. Locally strong competition ted it they sold at the peak level of market today with a turn. more centrally situated rivals.
Rubbers attracted greater in-
Elsewhere the market
of wes over terest this weck when mw droctionally jower. Cements shares. material prices rosc from reached another new high this 72% earlier in the week to week when they sold at $30 734 Straits cents yesterday.
birt yesterday there On Wednesday Amalgamateds buyers at $30. Dalry Farms, at sold at 95 cents with sellers $24.30, are about 20 cents lower
on the week.
Utilities
› Steel sharea were among the appear to have Jeaders as the outlook for the hibernated for the winter. And steel industry the Lands and Wharf group are company reports of increased bright and not much
more interesting. steel buying and the announce- Turnover this week averaged ment that Pittsburg steel will about $600,000. The
next Chung operate at 100 per cent Yeung festival half day cut down week stimulated demand, interest on Tuerday.
TODAY'S SHARE PRICES
werd no
It is rather remarkable that
to al-
Industrial and utility stocks were slightly lower on balance,
Out of 1,149 lesucy traded, 449 were lower, 410 higher.
Is
Pittsburgh steel rose 1%
AIRCRAFT UP
Malayan Rubber To Be Exported
In
Paper Bags
Singapore, Oct. 7. om
F
The first consignment of Malayan rubber packed in paper bags for overseas shipment will be made some time in November this year.
Mr P. J. Haring of Veths Papiovi Zakken Fabriek N. V. of Amsterdam, Holland, said the first consignment of paper bags for this purpose will arrive là Singapore next month.
•
The bags, Mr Haring said,
were designed for the packing Smoked
of first grade Ribbed World Rubber
Sheet rubber and crepes which
are used in the United States
the manufacture of surgical appliances, golf balls and rub- ber bandages . and other specialised goods and for which It is essential that the rubber is not damaged or contaminate in transit.
The paper company › re- presentative sold that during his recent visit to the United Slates he found a big demand for crepes and No. 1 Ribbed Smoked Sheet rubber packed In paper bags, and there was a Interest in Ger- considerable meny for this type of rubber packing.
Markets
New York, Oct. 7. Rubber futures today closed 45 to 60 points higher with sales of 118 contracts, (Ufting the market to seasonal high levels.
Earilor, gains ranging up to 3⁄41⁄2 to % cent a pound, reflected speculative buying and dealer covering prompted by strength of the London-Singapore mar- kata and the London dock strike.
wern Epot rubber dealers puzzled by the sharp rise in the Factories primary markets. He said the United States were also interested, but not was already a regular of rub to the extent of engaging in any ber packed in paper bags from buying, apart
routine Indonesia,
Ceylon had needs. Most of them passed the already
off started the export of situation to the United States. thick, pale erepo in paper bags speculative."
U.S. A REGULAR
and
from
0.6
"probably
A few conceded that the inter- Mr Horing said this type of national political situation com pucking ensure 100 per cent tains many hazards, but "that clean rubber on exceptionally situation has prevailed for a low cost of one Matsyan cent a long time," was the way pho ippound oxtra.
observer phrased his view, rubber was Before the war
ibis became prohibitive in cost further rise in natural rubber after the war and was succeeded would turn factory buyers to by the "bareback" packing which synthetic. They pointed out has numerous disadvantages. Mr that the substitute now is selling
said the rubber often
ten at an interesting discount.
which Other puzzled tradera said they
despite the phlegmatic state of active trading. Bethlehem was. the market in recent weeks, up 14 to $80, US Steelu point to packed in plywood cases but Other skepties thought and the volume of business in $59.
amounted September (From Our Correspondent) mast $15 million which was almost double the business done on the Hong-In September,
previous of the kong Stock Exchange this morn-year! But this is not a real in- of $35, but closed only 4 point dition at its destination
feature climbing to a now high Ing amounted to $420,082,60.dication of market Noon gustations and the morn-the
higher at $32. It was the day's Ing's transactions:
Business done
Rohr Aircraft was on arrived in an unsatisfactory con..
Hongkong most actively traded issue, in resulted in many costly claims would wait for the foreign before drawing any conclusions, the near, Boviot territorial waters. --SHARPS-BUYERS-SELLERS SALE/a-large-out-of-the business continues fouinst exporter and shippers-situation to unfold a litle more
respond to its good dividend newe, rising 3% to $144%.
a
are going told Scandinavians that hence-out into the North Sea where, forth Soviet territorial waters presumably, they can keep
watch on Balt trawlers at the as they perform Instead of only four sea males, same time
their other duties,
would
run 12 sen miles
the traditional distance
Baltic for centuries,
the
Three reasons are seen for
this mate "beral" policy:
1. The Soviet Union
needs
Soviet shipping
more fish and must give her in and out of the
rawler kippers
IR
they
movements Baltic Sea a freer hand can be followed closely here,
home since, bring are to
ahlps can hardly pass better entehes.
the southern bottle- through 2. She wishes to crease in peck of the sea without being Rign and observed. Tallinn, neutra) Sweden the Impression vi
Vilnius radio also broadcast widely held whole foreign policy has been the movements of trawlers and
conciliatory
יויזין!
That
Swedish stations responded impartially
to distress colle from anywhere senditig out un- Iffeboats, salvage grudgingly
flying boats or what- vesedis, ever else was nooded.
Now Mr A. Frolov, chief of the Soviet Air-Sca Rescue
Captain Service,
Hans and Hansson, head of the Swedish Lifeboats' Association; have been discussing in Moscow how their services chi together make the Baitle Sca
u safer sea.
BANKS
ICK Bank
East Asto
INSURANCES
Unton
Underwriter SHIPPING
Asia. Nav. DOCKS, ETC.
K. Wharf Provident
(Did) Wheelock
LAND, ETC.
HDC Hotel TK Land +
.. 1700 100
018 100
5300 to
07
200 @ 075
14.70 7.30 7.00 -1000 @ 7.00 1000 7.55
1015 10.70 300 G 10.00 101310-19 146 # 6715
10087 Humphreys 10.80 20.20 500 10.00 500 19,00
Really..... 3.10 2.18
UTILITIES
C. Light (0) 15.40 10.01 2000 ṛ 1515 C. Light N 12.40 12.00
Electric 311 316 1000 31
1400312
prosperity of
I pointed
Interest or
out last
done
on the wadiates has
Small
speculating
deals take up a Texas Pacific Land Trust, up 4
United Press.
In joint account with brokers. Oils had several strong spots New York Foreign
by
Jobbing lot of the market transactions to $142%, Amcrada, up 23⁄41⁄2” to Last September that. $7 million turnover at least represented genuine investment activity on the market...
World Cotton
Markets
New York, Oct. 7.
$186.
The New York Stock Exchange
hend volume was $2.145.000.
Exchange
England-official
The American Stock Exchange Canada volume was 080,000 shares,,
Dow Jones closing averages | were:
30 industrials
20 rails.
15 utilities
8 stocks
40
bonde
+
Australia
Spot No. 1 Rs were quoted ab
cents a bound, - nòminal.
28
Future closings were:
Dec.
May
July
$1.05-7/03 Dec.
Eept.
2.80-1/10
Note: The Amsterdam
Now York, Oct.
unicat 20-day futures 40-day futures
363.79 New Zealand
117.58 South Africa
03.62 Belgium 132.88 Denmark 100. France
Comm. future price index.... 109.94
United Prose.
Prices of cotton futures, closed London Foreign
Germany Holland
Tealy Norway
Portugal
Bpain
2.65-7.71 2,80
rub-
280-5/10 ber prices, were not received...
BİNGAPORE
Singapore, Oct. Fr
After opening steadier the market advanced sharply on trade support and short covering. Political news also induced some {buying. It was an active.market. throughout the day and closed
· some profit-
2.80-7/10
0700
.1433
002841
Reza
,001a
*1406
0230
Sweden
1934
Switzerland Egypt
silghtly off on
2.51%
taking Prices:
.Irant
03123
2.02
Montreal
Copenhagen
Faria
were
unchanged, --United) Hongkong
07814-97615 1 Colombia 12.31%-33.41%
Turkey London, Oct. 1. Argentina -2.78–10/10-2,80-1/10 Brazil
371-5/10-271-7/10 | Bolivia 19.42-19.42%
13575
No. i rubber par b. Oct. 7435-7394
07
0056
No. 2 rubber per lb. Oct.
No. 5
Chito
.0001
No. 4
.4023
Cuba
1,00
Spol rubbe uttaled
Blanket crepe.
United Prem
Exchange
Trem
her
morb death of Slatin,
since
3. She feels that she Cafford to
give flattering publicity the those landing big catches.
The skipper'a
to
A tentative humme co-operation, irrespec- has already tive of ideologies, bean reached by the Swedish Embassy in Moscow and Sovici authorities.
agreement
ол
Star Yati Ferry
18 18.30 Ferry 131 130
J52
154 400 a 164 300 163
the
today as follows:
closed in its report
on Soviet
name, the
While yielding on alt these can registration number of the vessel, points, the Russians are YC- make concessions the size of the catch and the ported to have reinforced their 'which cast her little now that number of miles the ship
has constal
artillery posts, at Pal- the Red Fleet has been
Watson im-called as well as the time she diski, outside Tallinn, on the proved and enlarged,
the ស
at sea are all read south bank, has been
and at Porkkala, British Admiralty recently dis out triumphantly to listeners. outside Helsinki, on the north
bank, of the Gulf of Finland.
INDUSTRIALS
Cement
35.402%
Hope STORES, ETC.
Dairy
20.90 11.30
Oct.
24.74
Deg
34.33-07
Mar
39.25-20
24.10 24.30 700 100
May
35.44-45
July
35,42
New York
300 24.20
Oct.
34.93
17.10 17.70
Crawford
23.60
Dec Mar
34.97
24.10
Textilos
00'9
Note: The NY cotton market com-
Zurichi
Oller'
9.00ment was not received.
Preuz.
Venture Allied
These two bases form Russia's lock 011 Leningrad, since from them a curtain of
•NEW ORLEANS Prices of futures closed today as follows:
Apote
34 500
Ded
Mar.
May
July
Oct.
·naval strength.
This is because fishermen are expected to produce consider- bably larger catches in return
Fishing vessels manned sailor from Estonia, Latvia
and Lithuanin, the three Baltic for looser leading strings, în Repúblics Incorporated into the Latvia, for example, the official fish plan calls this year for a Soviet Union
during the war, 28 per cent increase in catches. are now allowed out of Baltic and into the North Sea
The news, that Swedish and In limited numbers and under Danish trawlers may now fish fire can be laid across the Chulf watch.
unmolested within 12 rea miles to seal the approaches to
*
the
Formerly, they were confined to: their own constal
of the Soviet const was given by Mr Agnar Nilsson, President of the South Swedish Fisher- men's Association.
puri.
the
COTTONS
Nanyang 9.00 9.90 250 MISCELLANEOUS
Entertaiment 101% 079 5 1816 1003 10.00 160 ₫ 1816 6.45 4.10 10,000 4.5245
Chicago Grain Prices
Mar.
21216-
2141
22046-5%
218
201
Chicago, Oct. 7. The Paldiski ganbers GEOM
Prices per bushel in cents: to have been told to keep a
Closing Prices sharper look-out for foreign Whest, No. 2, red· shipping. They frequently send Spot "Whone Polish and Russian up flares to illuminate
ships Dec. 2195 (11) áific (2) waters patrol vessels used to arrest passing under their sights
at May escape | Swedish trawlers, they
now night. political help them," he said. "They
Corn, No. 2, yellow exchango information On one occusion, their Bares Spot
Bec, the location burst so far north in the Gulf Mr. with them about Vessels going outside the
of the beat
shoals,"
that they were taken by Finish May Baltic, were usually manned by
lifeboat men at the Kyton July Ruslan This restriction Ο The Soviet Union may, how, stailon, near Porkkala for ye
Test their crews should to Sweden to seek
Rsylum here.
・the roorgaalsed Food Ministrice
ivon
fasty
Lily, Lotonta, ntvlaand here confirms, to the 12-mile Swedes, help anydříé hi 'distress,
Sweden
July
Dee.
Osta
Déc. Mar.
the Balls reduced escapes to over, end this now concession tickets from a ship in distress. Mar minimum. But t prevented
at any time. She still holds
the Foreign Ministry The Kytoo man who, like the from supplying the limit, although
drrespective of rice, put out boy beans, N.; yellow Increased and
more varied
Denmark challenge its legality and spent some time searching Spot 'catchus demanded by Balle Housewives for their families and by uso Central Government in Moscow for presumed re export under “: triintoral trade ngromments.
The Sentiisävlan flaherman
The need to send fishing therefore, may find themselves
they
twreck Wrockets"!
for realised what the really
Special,
Nov, Jan. Mar. were. China, Mail. MAY Shy
Barley, pot
Vessels farther out to sea in expelled from these waters to INDIAN MAP
order to increase the range of quickly as they were invited
catchio was admitted · by
Pore Anisimov Rudian head into them.
of mahotin's wow. Ministry of
Fidemen of all nationalities
disclosed-Lover the Baltic will find an in--|
Difadlo that three quar
tere of an catches” Tinded
In the rescĻIE
ses and the Boei
New York Boar
200. Ib.. sack
LIVERPOOL
Closing prices. American Imiddiing, 18/10 Inch, in pence
per lb., were as follows:
Oct/Nov.
Det:/Jan.
Mar/Apr.
May/J0cn
Judy/Aug.
Egyptian
Karnak, godd/fully/goodt
Official cotion spots vaduse included:
Gips 30, good/fully/good
Ahmoun 15/18th inch
American midating 18/19th
ith brot 1387+ Mundown middáng 1-3/diod ineh Indian, and Palmieri,
paw-linesad NT Shad AP Bind
roller ned AL roder-nad 432.
BẢO PAULD
Futures closing prices,
21516-276 cruzeiros
follows:
$15.00 Fres
KAIN PRICEа
per Octa 7.2 Bushel ti Can,
July
per kilo," were
29.70
30.00
純鮮
Anglo-Polish Trade
And Debt Talks
To Be Resumed
London, Oct. 7..
No. 1 pale "orepe
LONDON-
The market was Brm with No.
1 Rss spot quoted at 221⁄2 pence. por lb. Prices:
No, 1 spot Ras 2 2236-236
Belllement house termi
Nov.
Dec.
Jan./Mar.
Oct.
Apr/June
July/Sept.
General markete, clf
Nov.
Doc.
Estate, crepe : thick
thin
Préau.
Market
Trade and debt talks between Britain and New York Sugar Poland, which broke down when Scotland Yard officers boarded a Polish ship in London docks, to rescue a captive stowaway, are about to be resumed.⠀⠀
New York, Oct. 7, World No 4 sugar futures closed"" today' unchanged to 1 point higher with sales of four
The previous talks were progressing smoothly contracts. when the Polish ship, Jaroslaw Dabrowski, w
... Domenic· No. 6 sugar futures
up the Thames late last July. Then word got ashoro | efosed 1 point higher to 2 points" that 24yearold Antaní Klimowicx, ac atowaway lower with sales of 217, con- Booking political asylum in Britain, was held prisoner tracia.
Cultures· 5."Warey 5m) „féntureless affair; Steadiness ing estroyer qtanding by,|In Dribath of a "whole trawlerz "comestic contracts, reflected pallon offiena, bored the ship, fond of Polish palition! refus | santo stádor “expectations - Zor°)« k^!
Withe door, of the it has been agreed to resume possible cut in the sugar quota."
"Future closings/waros
(in the United States, the cabin in which Klimowler was the talks average price of 15/16 middling 'heid captive; and took him T
at. 10: Spot: designated ramzitete
Rotailed ; 23,430)|
BANG KA No date has yet been fixed, but
66% 18-12-understood, that prelimin pedale. Unked Kilmowler')
io arrival in Erbin with talks will take place i
sertly followed
Contract No.