THE CHINA-MAIL, WEDNESDAY, JANUARY 5, 1955.
Page
French Prime Minister With N.A.T.O. Delegates
TRADE and COMMERCE
COMMERCE SECTION
to
M. Mendes-Frater is på tured here with Mir Foster Pulss, United States delegate NATO and Sir Anthonr Eden, UK. delegate. They met for lunch while utlending the Paris merlings of the North Atlantic Council-Express Photo,
CURRENT BOOK REVIEWS
Don't Worry If You Break The
New Year Resolution
By tradition, the New Year is a Time for making good resolutions to conquer bad habits.
Some people with a long list of things they will or will not do in future
start
!
yu buy buen fall te NOVE and take it easy. but haven't discover how or feel thank Mode Fiumetice won't permit it
Then they is the problem of theone who do not get on with
other peuple
This, says My Henry Clay Landgren, Ausente Projetur of and have Psychology
Sem Praticisms is bermuse they abandoned the unequali State College,
de not understand Theinselves
understanding other go hand in
struggle long before For understanding meself January is out.
Other
Get, slep
bond.
Today," be
yem to year
with new inereo-angly short t
set ever In
aything of all
kedataĺ Bang 1
For use whey wish to
1955. JULIAN
Stotter Theat
Me
J
41%
fur
WIDE
Ieracity. kwecogit ku ante nen back to robust health at
ity
Levith Camp
New York *tute.
Brake
relax Foro Kapw
Jaw trufy to relax and
..
To live
1.
.
A
اره
看!
bonk “itele mud kargo Greatdisin dan Zugiant by 15. & Co. 30% 68.
19 New
York by Prentice-1 fall fama, ha explanes to his renders Bust only how to relax but how daxAU- thm can help thent in every- day life.
Take New Year
for example.
11>
"Have you
resolution,
wondered
why it is that you so often full
keep your New Year's resolu
henk. Perhaps you be- hove thought that it wiN
We
emse you · lacked will power. If to, you can take heart,
resolutions do not ful because of lack of wili power.
+
In our
"The trouble is not that we have no will power,
but that
af
Hever
1
Its the bretons wondel, we neeth to lemn how be |
Firs
? •
**
he Shy, bade metro b) Ben he *** plains how anze worm to apply. them.
"Good fielding." be declares Caphatically,
matches, Never forget it
And be col- Pludes with the Warning. "Whether the cricketer
Wat A fume or enjoyment, hard work is the only way to nelieve it 1' is certainly the only way better cricket.
Tor
live together its peace to College" opened its doors, pick
operation There
NEW YORK STOCK MARKET
Studied Buying Differs
From
Mad
Scramble Of 1929
ANNUAL REVIEW
By ELMER WALZER
#
New York, Jan, 4.
Stocks surged ahead in 1954, far beyond the heights scaled in the previous record year of 1929, a quarter century ago when all America speculated wildly and nearly achieved fabulous riches.
of 1929.
This big bull market of 1954 lacked the warmth of its predecessor Its participants were experienced investors contrasted with the little fellows who bought and sold on tips and operated on shoe-string capital.
World Cotton previous
Markets
New York, Jan. 4.
Bigger Margin
Required
Washington, Juin 4.
The Federal Reserva Board valanp mined the amount of .cash an biventar must put up
buying storks in a new regulation, which 19 effective im priately. Persona buying stock must put up at least 0 per cent of the total purchase price in eark,
For the most 11 nichts. Cr minimura down
Payment---or
NEW YORK
STOCK
MARKET
New York, Jan. 4. Wall Street showed its Gen- disappointment with
eral Molers announcement. of plans to offer new com- joon shares to holders today but the reaction turned than
out to be less sever marght-las
expected.
been fixed at 30 per echt.
The tighten of margin requirements presumably
was designed to slow the arvent spectacular rise lu stuck prices which are now at 1929.—United Press
HONGKONG STOCK EXCHANGE
(From Our Correspondent)
on the Hong-
Traders bid yesterday's market up sharply in anticipa- tion of a stock split in G. M. Motors elf gained 7 points while Du Pont, is hurgest stock- holder, rose 4.
When the guess turned out to be a wrong one, selling was the rufe for Lotus, Prices slumped sharply in a market which run Lates far more than half of the test Two hours.
General Motors lost 0 points # 16,000-shore opening. Du Pont fell 34. Qber leaders followed suit with Bethlehem Steel down 3 points, U.S. Steel
FRESH BUYING
After
the initial disappoint-
prices started up from the lows and fresh buying demand ap- peared for some groups, such as the televisions, which have not participated to a great extent in the vent advance.
Only the clerks :: Wat! Their buying was mostly for Sircel cheered when the indus- cash instead of on a tiny murgin. trial average
the crossed
Rising prices set in after the record high set on fist had been hammered down Sept. 3, 1929, and these shares on S Sept 14, 1952
# The market went on to hitherto unexplored men they and
aber markeL reitory in the stratosphere. The was lu the offing. They missedă investors maintain their aplomb. gain by a mile.
Business done They inisstel
keng Stock Exclunge this mora- jagain and again in predictions Those who bought and sold in on an investiment market thattok amounged to $987,067. Noonment wore off, however, most Colten prices dropped as much : the 1054 market carefully Lapparently knew
quefalBas no turning,
auf the morning's an $105 à bale today in artive, studied all the issues and bought ! The politically minded missed
transnetious: only those stocks with good mighilly at election time when
SHARES BUYERS SELLERS SALEN The market trade-o within a earnings records, high dividend They sold the
Driver Mart. W fange murd of the day, I payments.
favourable pr
(27 Democratic victory. The
BANKS Talkin and growth prospects. Che tip- market ignored politics and in HK Bank Jau dation nvar the close happy boys of 1929 let their Novemb
red the best dipped most contracts to the emotions guide their purchases. ri for that month in the 182-
East Asia lows for the day.
The Stock Ex- year tory of
INSURANCES INVESTMENT MARKET
elmag
Here is exactly what hap investment
Trading in stocks re- market-investment by Indivi- pened:
high for
any duals, by investment funds, by Ristered a new day.
Hifice 1933. universities, by trust-funds, by year
Industrial Klock pension
funds. by Insurance
reached a record high. Rall shares set a new high sinee banks and by other Institutions.
bali FREUN
At the close, prices ruled 8 to 21 points lower, opened 1 to 3 Hower New Orleans inished 8 to 20 lower
Early in the
from California and Jiressure Irrigational sections of the west,
selling
This
WAN
INT
would fall
in the form of hedges, gradually companies. by trinn funds, by age and utilities since 1931. The
lled standing milf limits.
Trading volumes and open interests in the Exchange today
A hundred years ago--10
Ortuber 31, 1804 previse unt the London "Warking Men's
bt
Were htonb
A
Yatim 34.800
MAY
within a week had enrolled 120
July
21 J 21.300
Open latereat
14.400 1,140,000
000,XT
Du
21
wud
May
рожа
Total
is an urgent ! students. necessity for us to learn: who.
This enterpride, conceiver we and tor orighbour. conve
what forge the mood of plulan:bropy way we do.
self-help typleaf of the period. is now celebrating its centenary in the building in Crowndale Read, North London. which it
TIÊ conditions 1 Our lives Jasmate
sound Bantal health kind happiness, and what forlors Bre potential sooTES
unbaræe and desque sunt
To "How to fadrestund Your- self an Other people", he tell
to da just that
you how
making an attempt to conceal thes
fact that the task is dimonit, teddous. and suntz painful
even
"Hal," he addeds, the rewar for teens
In this task le m the feel of freedom, than to lease from some of the cripplin ! effects of atrately, the increasing depth and mehrss of experi
which results from more salys- factory reintions with others **
This book, also.
has occupied store 19095.
The history leets many puss €1 relationshipe through
England be p century This 1
105,400
102,000
$7.000
02.001
4:00 2,382.000 bales NEW YORK
Prices of futures elosed today as follows:
Spol
Ou College
Mar
Miny
July
whic'
U
<><
Dec
โช
during clearly brought comun, toerative volun
The History of the Working Men's College which has been published in coniicetion with the 1831- Centenary celebrationis ledge and Kegan Paul—183).
The writer of the books, Mr P. C. prisch, Itetur int adult clucation in the Univer.
enre, and the greater happily of Leeds, traces three mem periods in the life of the College. es published
Fast Lontion
w..X the foundation, Inspired by that Christian
marked Socialism whileh
by Rider & Company, (128 00
For wives who want to help their husbands to puccess-and what
wife does nut?--Mrs Das
mari who Carnegie, wife of the wrote "How to win friends and influence people".
has provider! and practical a comprehensive
in "How to Hulle
Relp You Husband Get Ahead? (publishe by World's Work Ltd," w cod, Surrey-103 8.1).
the
Tiberal humanitarian Impulse of Vietorian leisured class.
unty
In the me|- From the 11, the Cellige had close
nks with the University Cambridge. Five of the right Founders were Cambridge 2, and betweĽU 1054 and 1873, come 30 Cambridge gratuntes Kingse
erved as teachers or lecturers at the College, and of thea: 20 were from Trinity College.
Here wives will flnd advies on
how to deal with any situation that may arise. Here are specl-
he
concrete and eagy techniquca enlculated to help any man the ladder of succesA, be executive, employee, boker or the proverbial candle- stick-malter.
There are also len rules to follow if you want to get your husband red-or, falling that, to "worry him inte nervous breakdown."
Next, from about 1880 to the turn of the century, the Cullere
under cume
the influener
NEW ORLEANS
35 (90
4 33-06
34 14-01-
34 29-35 04
T
3.
World Rubber
Markets
blue vizito led the
uptumn Įsibeis, ulis, chemicals,
aircrafts, selected rails, airlines, building shares and tyres. There were furries of strength
in theatres textiles sugars, mercantiles, con laxues, gloss, stocks, earth moving machinery' ninkers, and televisions
AND WHY? Singapore, Jan. 4
da the stock Why
market The rubber market opened rise? There were two nut-
overseas slanting steatter
on better
reasons, namely, easy evices and some buying orders | money which brought band Later il end un selling and yields down and made storks ot- profit-taking with teaders very tractive, and lower taxes which cautious. There was only de haped keep corporate curnings factory interest,
Fure elesings were
Prices of futures clogeil Woday No 1 rubber per li as follows
Spol
Mar
July
Oct
Dee
Mar
Miny
LIVERPOOL
#p
1
and dividends
a record high.
As the institutions took stock for their persfolios, the supply of good stocks became smaller and there was scramble to get them. The stock market became the real investment centre supplant- Ing bonds, real estate and other 101-1025 ventures.
31.10
34.07
34.07
No rubber ner i ho No. 3
33.00-01
No. 4
34.99
Spol rubber unlisted
14.03
Blankel repe
Javor 107-109 For Mar onquoted
97-9744 1917-81 32-04 575-972 11-32
35.17
No. 1 vale crepe
33.15
NEW YORK
Colton closings, in pence per Ib.. American inidding 15/10 inch, were as follows:
Mor/Apr
May/June
July/Aug
Oct/Nov
Dec./an
33.31 35.24
How long can this go on? The
experts who sludy markets Futures closed today 130 to hold that there are no exceSSÉS 160 points lower with sales of in the market. 289 contracla.
recent
Profit-taking was attracted by advances which carried prices to 24-year highs. Some local selling was attributed lower Singapore and London 32.01 cables.
32.71 Ofelul values for spot cottons Include:
to
American midding 15/110H
tneh American S. & middling th
mrh Mesienu mkidding 1-1/32nⱭ
Inch San rober-gianed No. 2 Syrian aw-finned No. 1
SAO PAULO
29.81
14.ม 31.73 33.25
Spot No. 1 Rax was quoted at 32% cents. Future closings:
March May July
32.90 32.00
21.40
September December
31.00
G
Mar.
30 60
01.07
LONDON
23.36
34,10
market
Was easy with
Futures closings, in curzelres per kilo were as follows:
Jan
of
MT.
May July
Dr.
Singapore
The
31% -3% 30%-30 2011-28
Oct/Dec.
21-2
Genersi markein, cif basis, par Jan, Feb. Mar.
21
They bok for further advances with perhaps some Interruption while the gains of 1954 are consolidated. Some look for a level about 80 per cent higher than at present and even then they aves the prices would ΠΟΙ
the rise in wour
reflect comparable lines with stocks.
Will there be another bust? Certainly, say the market men who study such
things, prices can go down again, but they are quick to point out that this market is very different from that of 1929 which ended in disaster.
1960 1
212 200
14... 1973 55 1980
1000 9.75}
Valen
nderwrit
105 BIO
4+ 30 973
DOCKS. ETC
K Wharf Provident 10, 15383 14 2000 H Wheelock 40 745 17.500 The
112
10
7.45
LAND, ETC
HK Hotel
115.70
71
25 23.00
2 12 2.15
18 Land
12 2HR 1:
109.71.50
22.70 2400 2.60
Really
UTILITIES
Tram Star Ports Yougat Ferry 170 171 100 170 * C. Light (0) 18.00 18,90 3400 og 18.36 Cut 18.70 18 53 2001 vi 15.30
158
1000 10,70 200 15.84 49°1803 à 40
20 10.000 36.25
42 1300 2 41 79
13
Electr
30,79 Bingan Elec Telephono 0574
INDUSTRIALS
Cetnam Rope STORES, ETC
Dairy
Wation
41 20
L
COSTONS
Textile Corp., 5.73 Many Ros
MISCELLANEOUS
4000 1000
0.33
Rs 21.30 24.00 1000 v 24,90 22.
*16* 17.70 Crawford
}
02 10
27.20
Trading continued heavy on the rally and volume for the day or 1,420,000 shares WRA only yesterday's
| alightly
below
| 4,670,000-shore total.
The markel was the broadest on record, calling out a total of 1.277 issues. Of these 800 wen lower, 428 higher. There were no new lows, however, whilo 119 stocks turned new highs.
General Electric was the big upside feature with a gain of 144 points to 50 in the day's best turnover.
Television stocks had goodi gains.
Western Union climbed
points.
its
General Motors pared opening loss to 43% point, closing. at $100. Du Pont Anished. only 1 points lower at $170 4.
Steels closed above their lows" but with some substantial losses, *nevertheless. Bethlehem was 42% at $100, U.S." Steel 115 at $735.
The N.Y. Stock market Lond volume was $5,010,000, and this American Stock market W(9
4.75 1,200,000 shares.
DOW JONES AVERAGES Dow-Jones closing averages on Yanglade 0.03 0.10 1000 0.10 Wall Street 1oday
follows:
Chicago Grain »
Prices
Chicago, Jan. 4. Prices per bushel'in cents; Wheat, No. 3, red
Spol
May
Sept,
Closing prices
235 an Mor. 231700) 22{(1) 233-1
20-220 21876 21721
Corn, No. 2, yellow'
Spat
1573
180-%
100-109)
10015- 100-10011
12224-12 1233-15
70*6-12
CASH MABKET This market is practically aer cash one against an extended' May credit one in 1929. This market July is based on investment, that one Rye Sept. Today there Mar. on speculations
are laws against market rigging May and other excesses which pinyed als a part in the 1920 market. Mer. There is
Securities #1
and
15-22 Exchange Commission which is Soybeans, No. 2, yellow
sed to police the market. 2812-281 supposed Eatnto crepy thick Jan. 20- The Federal Reserve System Is Spot
thin Jan 30
sald
to have the credit faucet, Mar. under border control, ready to Kiny AMSTERDAM
Turn it off ar on as the need July
We use 11 Ineffectively. an dfreel
into The wrote:
P George Tansley, by trade a re- channels,
freshment caterer for the parties doctor, Too great effort, he explains,
of fashionable society,
the United States, the spot being marked up 1/16th to increased produces
tension
polities a radical, and by in- average price of 15/16 middling 31-7/16 pence per lb. Prices. which in turn usually breeds
elination an enthusiastic educa colton at 10, designated spot
No. 1 spot Ras discouragement and failure. So
tlonist. From being a student at markets was 34.11 cents. Sales | Settlement house term: "make all the plons you want.
the
ho College
became D at there centres totalled: 33,783 Yeb. But do not try to corry
Mar reorganized teacher and Anally
baler, -Unitoḍ. Press.
Apr/June. out your plans until the time
the curriculum putting emphasis
July/Sept. comes when you can do some-
on the educative value of While Mrs Carnegie does not studies rather than thing specific about them.
their re- lax and do your living in the guarantes that by following her levance to social reform. present.
rules a woman will help. her The next phaso, from 1902 to "Relaxation helps you forget | husband to become a millionaire, the First World War, might be old habit patterns. You can she assures her renders of this: called the struggle for inde- then really turn over
"that any woman who applies pondence. Adult education was 1 new leaf,!
these
principles intelligently falling increasingly under public All of which adds up to the and judiciously, will have re-control, and few of the Inde advice: if you decide to give up moved many of the barriers pendent institutions could resist samathing, like smoking, for that keep men low on the the offer of nid from national or.
ludder." example, do it a day at a time.
local funds. Do not dramatically
And not only will she have und
Thanks to generous benefac- heroically try to give it up for sel her husband on the rond lotions, the College, was able to ever and for ever" on New material success. She will also pay its way and keep its in- Year's Day or any other day of have founded a happier and dividuality. the year.
mare successful marriage,
Finally, ‚'in the last ten years, Those whose responsibility it the College has had to face the riser This book," the author says, "has been written for YOU to train the rising generation challenge of a new attitude to of cricketers, potential members social democracy, Mr Harrison
teams upon whom will
if
οι
"you would like to learn the art of living without strain; eventually fail the task of try sums up the situation as follow:
"you would like to meet life without a seitse of pocksure, hurry and worry;
"you are perpetually 'all' tired
The centenary of the College ing to capture or defend the famous Asher, would perhaps do falls at the end of a decade of well to take at once the advice greater than any since the curly profound social change, perlips me of Britain'e nading days of the industrial revolu- tion, It is still too early to celimate the full significance of those changes, fon we ride with our backs to the engine, But the
out and don't know why; you tricket coaches, Alf Gover.
do not sloep well;
of
....
J
living:
"you have lost yox
ses for
"you are the "? "you"
Attack is the, kaynote of his
geting the best out of yourself i Tanah Betlee Criccate(pube | Calinga la clans, wamely adaptam
physically? rpentally
or lished by Frederick Müler Lid tion to this new environment.
Ching Mai BDICAL A
Stock Market
1
Sept.
Barley,
Spot
The market was uncertain.may arise to stem a wild rise or Nov. Singapore, Jan. 5,
Prices closed today in guilders slow a sharp decline.. Brokers today quolod the fol-per kilogram, CIF January as lowing stock prices:
follows: Jan 4 Jan. 5
No. 1 rubber Closing Opening British Borneo Petro-
No. 2 rubber 31/2 No. Town Syndicate
rubber 33/3 Consolidated
Tin Smelters, Ordina 277 27/03
→ILMIO
Cupi.
$0.00 $0.00
?
and NEAVO Lid., Ordinary tanio $1.07 81.97
c and - Neave 213, 7155 pret Tiếngkong Bunnghal Bak Corporation
(Colonial Register) $1,040 $1,040, fames Stotel Malnynn Breweries 24 Bapore Cold "South | Bellin
Strana Trading a suglie, sparship "Uiled Engineers,
Tordiner Wairiez trg Tentongs
Storage
Petaling
to, 1 crepo
40 nom,
The only thing that in't dif tent today, say the selrs of
·Street, is man. · He still
changes. New York flour 2.70 nom, subject to emotional 2.77, mont. While the 1954 operations ap
200 lb. sack 2.00 m peared to be those of automa- United Pros
because of their declaim,
London Foreign
Exchange
they still were engineered by
i
men-men whose behaviour
202
23304-3
30 Industrials
20 rot
15 utilities
05 took 40 bonda
wero as
Comm. future price index.
408.17
148,80
United Press.
New York Sugar Market
New York, Jan. 4.
- World No. 4 sugar. futures closed today one point higher to one point lower with sales of 60 contracts,
Domestie No. 6 sugar futures closed 2 to 5 points higher with snica of 181 contracts.
Light trade buying held workti futures stendy with raws quoted abpur 3,17 cents a pound, fob.
Trado and commission house advances dominated in activa dealings
Future closings were:
ntract 1
No. 4 (World)
247-24715
Mar
May
July
Sept.
130-1527
Spot (cents per lb. fol
$14.000
Cuba) [2.17
Contres No,
itád Press.
May
July
Nov.
sais still to be as unpredictable New York Foreign
ne it was in 1020, in 1792 when
the
exchange vas started, and
back in Biblical days when
Joseph corntree the. Whent
In Egypt
market.In
Because men.
Canada
make this Erazgland market, the andivala point out
Exchange
New York,
58109.19739.
30-day futurpe
that, sny.csuddan, "unexpected Cenaction doller rate) bad news at httneyor inbroadshot stora
| Unble would go would depahu 2 0 Town
'on' the type of, the newt. Noni Faturg1 2010
Tof this typálla Maroner in the) Limmediate future. Unitedir.
Sept
Bout-(bente per ib. eit NY
ox-duty) 8.45 --United, Press,
Exchange Rates