THE
SHANGHAI
CHINA
TACHEN IS.
THE CHINA MAIL, THURSDAY, DECEMBER 9, 1954.
TACHENSET TRADE and COMMERCE SECTION
BOMBED Y NATIONALISTS
WENCHOW = 2;
BEAST CHINA SEA
·FOOCHOW?
ŠMATIU 1.
PAICHUAN 1
YIKIANG
TAIPEL
NUCHIUE
QUANDY
PESCADDRES
FORMOSA
CHINA
TOLMEN
TIENSHAN
"YUNGCHI
➡WU-PENG" I.
PAI-CHAT I NATIONALIST DESTROYER ES- CORT SUNK.
ARTILLERY UNITS DUELLING WITH REDS ON TOUMEN ISLAND
•CHING
FLANG-CHI I.
East China Sea
PALKUD I.
Shuang-chi-ao
SHANG-TACHEN
HUANG-CHIAD I.
T-PIE-CHING J.
11,000
TACHEN IS.
Tu-ti-tang CHUL
PARATROOPERS HAVE BEEN MOV.. ED TO CHINESE
KUEI I.
PAI-
MAINLAND OP.
YEN
CHIKOUL
-NATIONALISTS"
CLAIM
POSITE TACHENS.
They
NATIONALIST HELD
ES COMMUNIST HELD
NUI 1.
PLOI
«
Ughthouse RSIA-TACHEN
SHANG E NATIONALIST TACHENS GARRISONED WITH |1,800 TROOPS; HAS IMPORTANT RADAR ISTATION.
PERIODICALLY BOMBED 13 Y RED CHINESE.
Mile
10
AP Newsfeatures
Northern Anchor
Of Chiang's Island Outposts
By HERMAN R. ALLEN Associated Press Newsfeatures Writer
When Chiang Kai-shek and his Nationalist Chinese Govern- ment fled the mainland for Formosa they managed to hold a string of rocky islands and islets stretching 350 miles along the southeast China coast.
Valuable to the Nationalists as listening posts, these 20-odd islands of the hundreds along the coast are sharp thorns in the Communists' flesh.
The Matsu and Paichuan groups
**
in the centre,
and Quemoy
of
the soulnem and. Some of craft, type unspecified, be con them are within artillery urge the some day Tokyo announced
nu are inken
to
Most important among them down 10 miles north
So far at least, U.S. policy Live Packs at the north, Tronen. A week later the seems to be to keep the Reds Nationalists claimed to have guessing us to just haw far 2. K
Communist to
naval they can go without trouble.
According
Associated of the mainland
correspondent Spencer the loss of two Japanese fishing Press wder Bre by the Reds from boats in that area. There was Mocsa at Taipeh, Formosa, one time to time,
“ question fho Nationalists thing is certain: might have inistaken their range largets.
Not
un
a particular irritation
to
are
with
rugged
chens, 210 miles north of the Todhens Firmosa and 18 miles off the lands mainland.
Islands can pick up Red planes
Radar
"Nationalist determination to
since
Page
AMERICAN COTTON VOTE
Farmers To Decide On
Acreage Restrictions And Marketing Quotas
Markets
Washington, Dec. 8. United States cotton farmers will vote
on
World Cotton December 14 whether to continue acreage restric tions and marketing quotas for the 1955/56 crop. The Secretary of Agriculture has already announced a quota of 10 million bales (standard bales of 500 lb gross weight) and a national acreage allotment of 18,113,208 acres for the 1955 crop of upland cotton.
New York, Dec. 8. Cotton prices mover higher today in face of a higher Gov.
emment crop estimate,
Hist
Clesing on a brisk rally, the finished net 16 le 23 points higher. The market opened of 2 10 points, New Orleans. closed up 10 to 21 points.
M
At least two-thirds of the cotton farmers voting in the referendum
quotas must approve markoting before they may be made effective.
A referendum
on marketing quotas for the 1955 crop of extra long staple cotton will be held on the same date.
:
are
Short covering in the Decem- ber delivery, credited partly to California accounts, plua
The marketing underlying demand from xx
ས་་་a exporters and
at reage allotment levels commission Louses, put prices on an upsurge determined by provisions of ofter a mixed start.
Under the basic formula ometni The
December
crop Indication was 13.589,000 babes,
This came 303,000 bale
Easy
in these provisions, the market- ing quota would be below
the announced level if it were not for a "minimum" provision In the law. This minimum is 10 inition bales,
and that auto- matically becomes the market- Trading volumes and empen ing quota under the present interests in the Exchange
the previous report and repre- sented at 15 per vent vise from
estimated prospects months ago.
three
ACREAGE
today
supply situntion.
were:
Month
December Mazeta May
Volume
5.200
43 200 33,700
July
non
$110
Open 10jte ."
42.200 1:11 1,000,200
October
4.90
toixe
Bho
70 600
March
800
220
May Total
111.000
NEW YORK
that
U.S. Economy
On Way Up
Again
Washington, Dec. 8
Gold Outflow
From U.S.
,
Washington, Dec. 8. Tho Treasury Depart- ment announced today that the net gold epiflow from the United States to foreign governments and central banka during the third quarter of 1984 amounted to $171,800,000, the largest volume of net sales for muy quarter ance the third quarter of 1958.
Gold salen during the third quarter of this year West Germany Pro to $140,000,000: Termol, $1.100,- 000; Portugal, $20,000,000; Swizerland (Bank for International Selfiement), $2,000,000; and all others. $100,000.
The sales were at the statutory price of $35 a ounce-United Press.
World Rubber
Markets
New York, Dec. 8. Rubber futures
today closed unchanged to 10 points lower with sales of 41 contracts.
Intra-dealer switching opera- tions made most of the small trade on the terminal market, with buying orders predominat-
The national
ullet- acreage
Secretary of the Treasury. Mring at the close. ment. under the legislative M Humphrey. nie! today provisions,
bereage, America's based on the national average yield per planted acre for the Avo
1049-53 yours
Inclusive, required to produce an amount to the national 13100 of cotton equal 2.49.200 marketing quota.
bales
HONGKONG STOCK EXCHANGE
(From Our Correspondent)
·Business done on the Hong- kong Stock Exchange this morning amounted to $1,701,- 303.60, Noon quotations and the morning's transactions:
SHARES BUYERA BELLENS NALES
DANKB
HK Bank Eant Aria INSURANCES
Union Under wher
DOCKS, ETC. K. Whart
Dock
1900
201
DIO DIS 0.00
14 25
23
20 00
Provident (13) 15.00 Wheelock ... 8.0
LAND, ETC.
KII Hotel
HK Land
Bumplarey
Realty
UTILITIES
Star Ferry Yosomati
Ferry CLight (0,
xD
C. LIRM INJ
XD
23 1030
2U 912.30
114 G 14
100 63.50
500 20
100 g 24.00 900 of 20.00
400 og 20.40
2014.70
7 6000 @ 7
141⁄2 14 co modo en 24%)
G000 à 14,00
100 56
1100 67 00SS
3 25.40 1510 4
2.15 2.175
5000 20
21.60 20.50 2800 kr 20.10
143 143
257
500 - 20.00
17 30 17.00 2000 17.70
500 20.00
400 @ 150
0900 ... 17.03
14.30 14.00O
100 14.30
200 14.00
2000 6 14.20
2100 6 14.80
Electric
30% 3216 433 @@ 38.30
20.20
Macho Elec. Tulephone
11.00 ..31.75
28.25
20.00
ZB.DO
The spot market was unusually wy pay is "on the
after passing quiet with No 1 Ras quoteri through a temporary recession. nominally at 281⁄2 cents a pound.
He told a joint Congressional | Future closings: Exonumle Sub-committee
that started last
on
December
(the upturn)
March month or 60,"
May July The "normal supply" for this
Mr Humphrey based his 'us- Beptember runningrertion on
Jatest Government December Prices of futures closed today purpose is 1.7 million as follows:
hales, namely the current mar-
figures
production
which keing year's estimated domestic have shown an upturn in such, consumption of 9.1 million bales bellwether items as siec] and' and exports of 4.5 milion bales, automobile production. plus a 30 per cent reserve of 4.1 million bales. (A running bale
Goat
Dec.
Mar.
May
Jy
Oct.
Dec.
Mar
May
3505 34.35 34.65-60 34.89-1
34.87-80
24.03 34.00
34.71
34.70
gin
and
NEW ORLEANS Prices of futures closed today weight),
as follows:
Spot
Dec.
Mar.
May
July
Oct.
Dec.
Mar.
May
33 An
34.22
34 GT
3492
34 01
34.02
34 AN
74.70
31.79
LIVERPOOL Future closings. American middling, 15/10 inch, in pence per lb. were as follows;
Dec/Jn.
He expressed confidence in 18 balo ait comes from the the future of the economy after Rep. Wright Patman contended usually
averages gross national production was heavier then 500 Ib
grosa falling
ond
asked whether "comothing drastic” should not The total supply figure for
be done to spur the economy. 1954/05 includes an August 1,
"There is nothing in the pre- 1054 curryover of 9 million sent altuation that would lead butes, 1954 estimated produc-me o believe
running anything
AMSTERDAM
775 INDUSTRIALS
7.00
The market was quiet. 'Priečk closed today in guilders per kilogram, CIF Dec. as follows:
No. 1 rubber
No. 2 rubber No. 3 rubber No. Irubber crepe
LONDON
2.34 noms.
す
17
The market was quiet with
drastic
we should do spot
now." Mr. per ib.
tion of 12.4 million bales, and estimated imports of Humphrey said.
30,000 bales. (This total supply Mr Humphrey appeared be- figure Includes the commodity fore the Economic Sub-com- set aside from normal market-mittee lo review administration ing channels as directed under monetary polley-United Press. Title I of the Agricultural Act
of 1954).
The national marketing quota
as the amount
of
needed from the 1955
QUOTA DEFINED
Mar/Apr.
37.10
May/Jume
32.10
July/Aug.
is defined
Oct/Nov
31.73
cotton
Official values
for spot cations
crop
melude:
American mihiling
Inch
10/18th American S/L midating 7/8th
32.43 1855-5p.
inch
Mexico middling 1-1/32nd
Inch
Others were unchang019.
SAO PAULO
maka available
to "normal supply" of cotton
a
Chicago Grain Market
Cemet
STORES, ETC.
1250 40 30.70
500 39.25
32 1000 31.00 400 31,78 D700 32 1500.75
............ 303⁄41⁄2 40ļ1⁄2 1100 që 39,25
Dairy X. Ria36,00 34.00 5500
*
At 10,70
24.70
10 15 15.00 87515.80
Watson..... 38,70 10 420 18.00
IN).. 17.0
L. Crawford 37 COTTONS
Textile Corps 8.90 Rony and
MISCELLANEOUS
7 4500 m 0.00 0,70
Allled 4,43 €473% 12000 @ 4475 Yangtazo .... 5.95 a 1000 @ 0
unchanged at 24% pence London Foreign
Pricor
No. 1 Ras apot
Settlement house term:
Jan.
Mar.
Jan./Mar.
Apr/June
July/Sept.
Oct/Dec.
Dec
Ja,
Feb.
**** 2436-241%
24-24
21-240
231-234 23-5-234
23-10/10-241%
233-2416 20%-2376
General markets, cit. basis, ports:
Estate crepe thick Dec. 20
thin 20
Exchange
New York Montreal
Amsterdam Brussels Copenhagen
Paris
Stockholm West Marka Zurich
Other
The Singapore rubber prices
received. -United Press,
wero
Chicago, Dec. 0. icgislation However,
Most grain futures were un-Press, that the minimum also provides tha 20.33 national marketing quota
der pressure of liquidation for Be the Board of Trade today,' and shall be
34571
totalled
on
the 1955 cotton crop 10 million bales, or one million the trend was lower most of the bales less than the 1933-54 session.
Commission house buyers. domestic.consumption and ex-
Demostic
TUL
JAPANESE BANK IN GERMANY.
Hamburg, Dec. 8. The first post-war branch in Germany of the Bank of Tokyo
Artro
London, Bec
3.7935-2.70-3/20
2.75-5/16-
120,4734-
10.804-1
£0.4011⁄2-1
20.01%
unefu
10-7/10
Dow-Jones Closing Averages
New York, Dec.. 8.
closing averages
Dow-Jones
on Wall Street today were ag follows:
do industriais 20 rails... 15 ultion to bonds
05.stocka
138.77
144.78.
101.40
170.04
market
The spokesman of the Bank sald the branch would be to help increase trade relations between Comm. future price index West Germany and Japan. comment was not received-United
Now York Block United Press.
Futures prices were unavail- able today because of holiday. ports, whichever is the smaller. exporters and local dealers were within artillery
In the United States, the If growers approve quotas inactive in the market.
business remained alow, hold those islands, and Com-average price of 16/10th middling the referendum, price supports flour the Communists are the To- Unlike Quemoy to the south,mumist determination to liquid-cotton at ten designated spot on the 1955 upland cotton crop however.
avallable to A lower trend for soybean deep water jate them, combine to create the markets today was $34.00 een's. will be made at a lovel. be- oil and meal, along with alow opened, here today..
eligible growers at tween 82% and 90 per cent of demand from processors, kept de bean futures prices down most parity,
the precise level
the level of supply of the day. pending on
Wheat closed off to 1%: ilmo at the
of the pricu
soybeans up 1'40 off 24 cents, support determination.
If quotas are turned down. A: Winnipeg, wheat waN to eligible growers priced at 183; and No. 5, was supports
cents will drop to 50 per cent of parliyat 158
per bushel PENALTIES
United Press,
CHICAGO GRAIN PRICES their Growers who exceed New York, Dec. 8.
Chicago, Dec. 8. The now Australian $25,000-form acreage allotments under 000 bond issue offered for salsa cotton quota programme will Prices per bushel. In cents:
Closing prices
en route from Shanghal ini to ulert Nationalist interceptors based on Fermosa.
As
Sales at these eCRITES shores most explosive potential
45,060 bales. —United Press. an these y defended against sen at-the Nationalists took refuge on
tack.
But the Nationalist Formosa in 1940," Communists have moved 11,000 Interior Ministry reports the
paratroopers and 120 transport plines to mainland positions the Trchens. The are convinced the planning # major
the accompanying map opposit shows, the two principal isinus Nationalists
in the group are Shang Tachen Reds are
and Hisia Tachon. Shang rises move. some 075 fee from rea level, Hsin about half that, Population is about 30,000 and there report- edy
Nationalist garrison
of 1,000.
BTC
Thirteen miles to the north weat of the Tuchens Toumen, Tianshan and Tungeht islands, all held by the
la a
*
Two werles
FIRST U.S.
Australian Dollar Bonds
HELIPORT
DEDICATED today was over subscribed and be subject to penalties of
made a toroy against the tiny Ago the Reds
Fort Eustis, Va., Dec,' 8. islet of Wuchiu, 03 mileg
The Army has unveiled of northeart
The Quemoy. Red Nationalist Dolence
the nation's first "heliport,' Ministry Communist artillery said the makers were repulsed $1,000,000 facility design
and planes from ed exclusively for hell-
copters.
Chinese. The range long for
bit
fire uron Shang or Hsin Tachen by troops
from Toumen, but there is n stepping stone in between,
As shown on the map, this
is the tiny islet of Yiklang, hold
nounced here.
on the
the book closed, it was an- cent of parity on the farm's Wheat, No. 2, red
pcr excess production. In addition, Dec. 22144 (11) 22034(L) 2104 Messra Morgan Stanley and cotton and other crops Co, investment bankers, madoduced on the farm will be in May
for price support. the announcement of the suc- eligible cessful sale of the 15-year 31 China Mail Special.,
U.S. per cent bonda and European markets.
MCSSTR Morgan Stanley the bought the bonds from What would tho United Some 2,000 persons including Commonwealth Government at -priced them for do it thes Communists leading aviation authorities were $90 3/8 and mide an all-out attack against on hand, yesterday for an air sale here and abroad at $00. the Tachens or other coastal show and a dedication of this United Press, Islands? The US. 7th Fleet Is latent U.S., development for air committed to defend Formosa Lansportation. and the neighbouring Posch- The doros Istanda, and American
Formosa.
States
GO
"Spot
pro- Mar.
July
Bent.
Corn, No. 2, yellow
Spot
Dec.
Mar.
New York Sugar Market
July
Sept,
Ryo
Dec.
Mar.
Osta
Dac
Mar.
ansportation has a circular New York Foreign point higher with sales, of 23
Apot
Mor.
Exchange
New York,
England = dfficial
taxi-way with two crossing st, present by the Nationallats, planes patrol the whole string landing strips | In... Itx centre If the Communists
from Quemoy to Shanglid, but which make it look. something conquered Yiklang, they could bring the cdicial American policy on the like a four-leaf clover from the Tachens under fire, This is sinaller islands has not publicle air. why there has been
so much begin disclosed.
It also has an administration antien the Tachon arca
building toppod recently, Toumen and Yikiang
control
Mouth-Africa
India
by a If the Reds launched a full-tower, and a storage warehouse. New land have been Äring at each other flodged, assault on all the MI Igor Sikorsky, Ruslan Balium whllo Had plance have been coastal lalands at ones it might born
helicopter Swicoot Laund "and". aviation bombing, the Tachena badba considerett
an open-and-ploneor, predtoted in his dedica Nationalist bombera rolding riil care, virtually, tha on
that as an attack on Formosa itacf, be used in industrial tradeporta
holicoptors will Toinen "and Syamilan.
naval "But what if the Redis try to at the nese future chal
wank Onko Alfred C The heliport was dedicated
The first worious engagement occurred on Never Hadciding them off one by one? ber 26, whúní Communist torpedo boinfrioperating to the north of the fithckens. Bunk the National who has called for
Taiping, Umatch" di Emanuel Coreign lin polley, formerly the U8.5. Dodicer, says ..this country imun onyocul, bolan," the 7 Talping went
fly the coostal: jalanda
Helicopte
United
New York, Dec. 8, World No. 4 sugar futures to Boybeans, No. 2, yellow
closed. 2 lower to
contracts.
Domestle No. 0 Bugar futuras May July 1 point Bept. closed
ed unchanged to lower with sales of 111 comTM | Barley,
18poty tračte,
noth
markets ruted quiet with Now, York. four a mixt trade betwren dealers.200 I wri Commission' houses and refiners. Fofura, éloslavært. Contract
(world)
3.101
3.10
3.10.
130-161
frited Prom,
NEW YORK SILK FUTURES
New York, Dec. 8.21
"Bijk futuros:lodity, closed the |changed to 8 points higher with
| nó`ailis reported; (6)
Closing pricné, were::
Tho
Two New Aircraft
Companies
Formed In Canada
Messrs
Toronto, Dec. 8. V. Rog (Canada) Limited, Canada's largest aircraft enterprise, announced It had formed two new companies and acquired a third to make up a three-company operating
group!
The new plante will be wholly
bwned but independently oper↑ Gordon
310 Mr Crawford
·President -- asid
new; "three-company; setup
ated msbeldiaries, of the parent General Manager of AV Roe,
A.V. Roe Company, repro
the largest single -- Britis industrial Ivvestment in Canada;
and
ན