1
Page
THE CHINA MAIL, FRIDAY, JANUARY 21, 1955.
Miles
Earthquake fissures
TRADE and
COMMERCE SECTION
Ustimon
Area covenal by Detailed Map
Direction of displacement
"AUGUSTA MIS,
CAPSON SINK
Spring appeared here flouet suh and then east into
Dixie Willey
Frenchana
FAIRVIEW VALLEY
TILLWATER RA
WA
VALLEY
AAN ALE UMT
136/
GE
Fallon
JEW PEAK
8250 FT
AP New features
Profile Of An Earthquake
-- Probably The Shape
Of Some More To Come
By LEN LEFKOW
Associated Press Correspondent
.
Frenchman, Nev,,jamong the gao nut fastnet open-
Jan. 20.
Prof Gutella,
nd try 12ne quake
ret red University of Nevada Kology
tepeler, is an earthquake expert. His earl SUNDAY AT the ar
DOLLAR-GOLD BALANCES
STOCK
Further Big Improvement NEW YORK Predicted In 1955 For Foreign Countries
Washington, Jan. 20.
Foreign countries dealing with the U.S. will close out 1955 with a further improvement of around $1,100,000,000 in their gold and dollar reserves, the National Foreign Trade Council predicted today.
In a report by its balance of payments group, the Council also forecast moderate increases in both commercial exports and imports by the United States.
World Cotton
Markets
New York, Jati, 20, Cotton futures today decline i after starting on higher ground for the third day in a row
Inerard March liqul button, pirts bege-pellin and conliking cornbined have put the make
down
Opening grins up di 40 coule e tank carriei de beurby May to 34 98 cents a pound, up almost
31 bale from the re en; low Stemird March 1qokinion coincident with another increase In the certificated stock, accom- Tante
selling in. ience) by Congressional acited *** ja Le** controls and other farm leslations for next year,
The
rottin available for contrac delivery ruse to 59,826 hales, an bales increase of almost 9000 over the past two weeks. Open March contracts at the start of trading today talled 720,000 bales.
Car-
an
п
of
Th balamu o
payments my ald) is expected to be cur- available fo foreign group is composed of America rently exporters, importers
1955 00 during rt sult of sales of goals and
imd 11-
Jors, and representatives of bike and transportation com ponies.
countries
services to the
anet
MARKET
TODAY'S
SHARE PRICES
(From Our Correspondent)
New York, Jan. 20. Stocks moved higher to- Business done on the Hong- day with most issues gain-Rong Stock Exchange this morn-
the
ing a point or 80. But the Ing amounted to $1.309,720. turnover which appeared on the tape was lower.
There were also some deciinus, Santa To and the Atlantic Coast Line were both down.
Noun quotations and morning's transactions:
SHARES BUYERS GELLERS FALEN BANKS
HK Bank 2130 Prot Ana 214
20.20
INSURANCES
Underwriters 10 SHIPPING
Waterboal
DOCKS, ETC. K. What Duck Provident (Old) Wieckich
LAND, ETC.
HK Hotel HR d Humphreys Really
UTILITIES
Th
Star Ferry..
10
27 40
60 2130
000 15,00
730
175 1000 he
1:300 1300
16.00 10.00 70 71
1000
700
1.40
20.3071
2.1 3.10 1000 2.12'S
22 21.30 2000 ** 22.
150 100
Y ma Ferry 180 100
000 210
100 21.20
C. Light (0) 18.20 18,40 9900 # 18.20
Utilities were bolstered by 2 point gains in Commonwealth Billson, Commonwealth res honded to an internal revenue ruling that the Company's cum- mon slock holling in Northern [Ціло!н Сos can be lax free,
Machine toll traues puced in- histeial boons to report a sharp upturn in business for the in- United States dustry in December net
loans governmental
favourable outlook for this year, In arriving at its estimates,
changes In ehort-term use to the arr the group me
This cum is about 5800 Cincinatti Milling Machine ran million more tha Johange in the world political
was made up to $05. National Acme gained Istuation m 1956, and also as- avallable during 1964, exclusive 2 to $50.
out of d sume the carrying
of strictly military aid.
U.S. expenditur 011 com- Douglas Aircraft extended its Tence and ather programmes How
myrcial under way or projected as ap-
merchandise imports recent sharp gains in response will be about 4 per cent more to a three-for-two stock split prove!
increased than in 1954, according to the proposal,
dividend, This prediction, group.
the with a close at $127.
General Mutors featured with group cautioned, is predicted on The assumption made by outside a gain of 1% to $94% and independent :ources
Steels were steady. Chemicals U.S. business activity in 1955 and wide
Losses will run somewhere between
Among olks Houton Oll rose 7 to 10 per cent above the 1954 to $113, Cities Service a
point
to $119. Jersey Standard UPWARD SHIFT
to $103. It was felt that any
sub- The Now York Stock Ex- stantial Increase in the dollar change bond volume
$3.870,000
Alked The American Stock Exchango volume was 1,220,000 shares.
DOWN-JONES AVERAGES
Dow-Jones
The group
Tarecost gains
$700 million is US exports to Ja volume of about $13,400,000,- 900 and of $400 million in im- to the level of about $10,700,000,000.
COMPARISONS
Comparisons with 1954 wire minde on the basis of provision- al figures for last year's foreign. Unde
The group noted that of the !projectes Increase of $700 raillion in commercial exports, Ebut $400-$500 ms 110 B2- sumably will represent additional sales of agricultural commit- lies and raw materials, industrial products showing gain of $200 $300 millia.
A total of about $19,000,000,- 000 (exclusive of strictly in-
with
World Rubber
The Commodity Credit Curied mental 250 feet the
weekly rport poration's Geodetic 1. Bare the U.S
Loan entries, issued ster Survey ak a reading
Wednesday's cluse, showed good mixed
In- Inerrase
week ended poundings for the
14 totalled 111,084 bales! compared with 73,811 bales in the preceding week.
Geologists
anxiously jawaiting for the Government to
Jan That'll be invaded the bags for the cart another Marvey
The only Way they
tell the mountains Wre whether
the valley stayed upward for dropped
bap
The quiet valleys tucked between snow. capped peaks near this tiny dot on the map are The
quake on ad pr-bably typical of
of the est most
Spitched that Quit ng
•ver seen my the United Safes, northern Nevada's bleak mountain country.
be us "We're Bucky to be
study
แ reporter
The 4. unta n-making is still gm Nova ta," Prof." "Git nella The earth, to suy the
There's one big dif- Hugh Dixie Valley, the si, as very active gtulogically.""
ference, though.
aca
13
I The valley boks as if a ante quakes? They he in the centre of #lad
gone bek within té buze pattern of tracks in the earth a crust caused last mi paked sides Drop gashes long!
The ba
by an earthqu. He which Jurned
m.lions of pros as
in Nevada, Oregon, Idalro
Cubfornia.
Utah.
centivi
the first
"I been around here awhile aland
business
Fond is pretty sight now he smiles. "Another qurke and business might get even better."
The lite extends for about 26 miles along the base of the Sun. water Bags, a string of mun- to na tepper with peaks that hok down on the valley from
The qur ku
in then the dirt read that twists
valley. derolates Dixie
Farview thongh the 1731
Dung you'd not re would be Villeys of Nevada,
As shown
thin dark line to
our left on the nee muaying maps, it ripped awesom scars J the T or the ind in an area 60 mile long and 12 miles wide, The biggest continuous Assure stretches for 28 miles. At places than 8,000 feet.
30 feet apart. d splacment runs as
Arrows on the abandoned road leading toward
direction the shes built up on the skies
hre
Its sides Verticul high as 20 wet.
sh w
"
Markets
average,
that
value of U.S. imports during 1955 would to a considerable extent te contingent on an up- ward shift in prices and or on
of expansion
stockpiling programunes.
N
The
closing
was
averagca Wall Street today were as
on
30 industriim
20 rads
1.39.63
16 uities
0242
05 stocks 40 bonda
-
100,58
group estimated utilisa- tion of dollars avaliable cur- rently to nations abroad during follows: 1855
With let $18,400,000,000. $19,000,000 available in foreiga private capital and reserves, the envisaged residual Kroup gurplus of $1,500,000,000 com- parod with $1,700,000,000 in 1054.
million to
The group then allowed $400 cover substanual transactions in gold and capital transters, to allow for errors and umucions, and to allow for fidititions to The not stock of 1954 сгор
Foreign private in Government hunds cotion
Investments Singapore, Jan. 20
and other capital bales 1,822,017
plus
United States, The
market ruled holdings in the rubber bales from! 1963 steady throughout
Accordingly, this leaves an ex- pected increase in foreign gold 1 speculative buying The
The
totalleri 5,001,135 crop.
Trading volumes and open arket cesed at highest price and reserves of about $1,100,- interests in the Exchange today were: Munth
30,300 720.200
38,000 1,176,500
1.000
02,400 2,000 69,200
Future closings were:
Apeti
Prices of futures closed today Blanket crepe as follows:
Spot
Mar
May
July
Oul.
Dec
Mar
Bay
July
997%-100%
00-80% 100-1007
0215-03 104-105
000,000, a rate of accumulation slightly
1054.United Press.
below
Singapore
Stock Market
Singapore, Jan. 21.
AMSTERDAM The rubber market was firm.lowing stock prices Prices closed today in gullders
Brokers tezay quoted the fel-
Jan 20 Jan. 21
Closing Opening
druve
M3
Prof.
for the day.
-portar ul, e
1
that Dots
mean there'll b
Volume Open interest
Mai
May
Mur
No, 1 rubber per b
Feb
400-101
10016-101
"Probably so," Prof. Gianella
20,300 034.000
urquoted
let.
15,700 187,100
My 2 rubber
mountain
It > 14 Welc d: VIA nor
of the AUT unding 2): runge extend her in
The Dnsibility of Are:rvog doesn't frighten Ed Weyher, though,
Dee.
10300 112,200
Feb.
Mar.
No 3 rubber
per ib
more
May
Tolai
131.000 2,004,500 bales
NEW YORK
"Feb;
Na rubber '''
001%-971
per ib.
Feb
Spot rubber unbried
No 1 pole crepe.
3483
3447
in 35
34.70
per kilogramme
eif Feb.
419
.34.45
follows:
3300
fio
1 rbber
2A2 buyers
35.1
No
2 rubber
2.01
Brush Bernge Petro-
leum Byndicate 31/- Consolidated Tim Smelters, Ordinary
34/-
35.20
No
3 rubber
2.78
Istuc
/0d
No.
I crepe
202
Fryer and Neave Ltd.,
Ordinary issue
$3.00
LONDON
75% cum. pret. $4.0F
20/00
$2.01 $0.40
Hongkong & Shang-
hal Bank Carpera-
34.04
tion (Colonial Be- Ester)
34.04
per lb. as follows:
35.04-05
Ratira Hotel
$1.515* Malayan Breweries $4,05
31.113
$405
$2.72 $1.72
Settlement house term
Singapore Cold Stor
34.40
February
294-291%
$2.00
$2.00
33.18
March
2015-20
South British In
35.18
April/June
23-29
surtice *******
$75.25
$21.29
35.50
Jily/Sept.
21-2012
Stents Trading...............
$15,00
$25.00
LIVERPOOL
American middling January
lb, February
March
Oct./Dec.
281-21-
Strut Steemotiin.. $17.10
$17.10
General markets, clf basis, ports:
Unded Engineers,
20-201
20-2015
3214
Ordinary, Issue Wearne Birthers .. Hen~kng Tin Petrog Tin
#13 40
813 40
8/3
3035
not
--China Mail Special.
"you
drive
unko
un
the line and suddenly ---that dark line you saw from the roud
of the faults which finally losed acturly a fissure opened by
ther tremend Dezember 10.
The
and frowed
force
On
the qui ke.
Proposed Tax
For Sales
Promotion
Washington, Jan. 20. Agriculture Secretary
NEW ORLEANS
Prices of futures closed today
The nurket was very steady, Prices closed today in pence
as follows:
Spri
Mar.
May
July
Oct
Dec.
Маг.
May
July
It widea in me parts - 30 or more fat but never "OW! to less then 15 feet. Dark puddles of warm water le sf its bottom about 10 or 15 feel bel w you, left by the flood of
Closings, water which found
15/10 fich, in pence per a path out of make a decision by April 1 on the mountain fastness during
promotion were as follows: o propesed
March/Apr tax on
mohair
May/June 93ld
แ
the 'quake,
Mr Ezra T. Benson would like to
sales
and wool
most unusual feature of the quake was the birth of warm water spring. The spring gushed in a forrent from newly You drive along further and growers, 1 epokesman exposed rock on the side of the fissure suddenly changes today. mountain rising above Dixic thhpe. Instead of appearing Mr Benson is awaiting a re- Valley
south for like a trench, it looks as if the port from wool industry leaders several milcs along
the big giant had sinched a knife along on details of possible promo- cutting eastward the mantela wall and lifted up on campaigns bofore A:sure before
acting, across the vilay floor. The the peaks 20 or so feet, Newly-
an alde bald. Industry leaders size of the spring, however, has exposed rock gleams in the sun.
Sunware to meet at Salt Lake City, diminished greatly since the day Prof. Glanella is one of the Utah, to discuss the propostil, of its sudden rppeartace. tow who hoa tramped into the
The floor of Dixie Valley itself isolated fauiting saathenst of the but they have set no date for
a report to Mr Benson. with Docked
more acccatible Assures along measuring fran a few inches the StUwater Ronge.
Other farm organisation wide to a few fest,
leaders were known to be cool to the idea. One major group has warned that if the Gover- ment pots up
promotion drive for
of wool, growers collon and many other may demand the same treat.
18 pack
small natures
Although the quake caused no
injuries to the widely scattered
mhabitants of the lonely region,
It changed a way of life for
some.
He tells of vertieni displace- Take Ed Weyher, fr instance.ments running 20 or more feet
crops
Jamber
32.30 Estate crepe tick
Estate crope thin
New
32.41 32.30
got
cottons
York prices were received-United Press.
LONDON TIN MARKET
Comm. future price index 170.32
• Subject to confirmation-United prom
Laght INI
Electric
Elec. 1
Macro
Telephime
INDUSTRIALS
Cement
STORES, ETC.
Dairy
Wasson
5000 m2 10.30
1000 u 18.40.
2000 5 10.30
5000 10.10
600 m 16.20
1600 18.30
39 304 R300 m 30
342 343
2000 or 391.
1000
39
42 4231⁄2 1000 úr 42
....... 24.40 2411⁄2 1500 ∞ 24.40 17.00 17,90 1500 u 17.70
L. Crawford 30.40 MISCELLANEOUS
Yangtera
0.00 4.10 3000 0.10 4.424
Exchange Rates
Business was done in the local
exchange markel
morning at the following rateszne U.S. dollar (Dor $1)
Sterling noter per 21).
| Indonesian rupiah (per 100)
8am ticals (per 100)
Bingapore (Straits)
Indo-China plostres
10.72
17 60
27,80
1.00
(per 100)
20.17
Hongkong Stock Exchange
UTILITIES LOSE
THEIR LUSTRE
By A Special Correspondent
A slight weakness developed in utilities on the Hongkong Stock Exchange this week as they came under heavy selling pressure.
All shares in this group were down frac- tionally from their boom mid-week levels due to what brokers describe as "insufficient support." Turnover has been moderately high at around the $2 million level.
Brokers cliher could not oc in the case of the Tram com- would not be any more speciile pany, earnings are reported to than that but they discount | be higher. They made some
that the weakness | saving suggestions
on staff reductions might have been due to the during the year but, this may Invasion of the Nationalist held have been offset by expendi- leland of Yiklangshan.
ture co the reconstruction of the Russell Street depul.
And they stress that although the weakness developed Wednesday, the second day of
on
DAIRY FARMS SUFFER Dairy Farms have also suffer- ed somewhat this weck Diver
the Spring Carnival at Happy Valley and continued yesterday, thero was no significance in rising to $24.70 and they are this coincidence. One is tempt now level with Inst Thursday's ed to conclude, however, that rates. Apple Pie was considered too £7.90
dessert
8/3 21 3.55 en-div. Cun-capital Jamie. with div.
Chicago Grain London, Jan, 20, The tin market was firm. Spot rose 4 points to £ 089 and
Prices 3 points to three-month
Chicago, Jan. 20. 2092%. Turnover was 100 ton 11-12 of which 6 tons were for cash. Prices per bushel in cents:
Closing prices Closing prices in sterling perwheat, No. 2, red
December/January
for Official vlucr were all unchanged
KARACHI The market weakened today due to heavy hedge selling from up-country houses. Prices closed in rupees per maund as follows: 4-F Sind roller-ginned.... 30-TNT, Sind roller-ginned.
41.3 saw-ginned.... 200-FNT, Punjab rofer-finned 20-4
saw-ginned. 80-long lon were: The Sao Paulo cotton priced were not
received. United Spot buyers Press.
51716.
Spot
630 MAY
LONDON WOOL TOP MARKET
London Jan, 20.
melloru Busine 3-month buyers.
sellers Buitnem
030
Ndar. 2014 (15) 22896 (L)
July
234 22016- 22017
897
Bept.
1502
Νάν.
001 Corn, No. 2. yellow
1997
18916
Unlied Press.
Spat
18445
Mar.
MAX
July
10734-36 1037 1544
NEW YORK WOOL Nov.
TOP MARKET
Bept.
Bye
∙12036
Mar,
MAY
Osta
Mar. New York, Jan. 20. Wool tops closed today 8 to 12 Prices in conts per lb. were:
123-123. |12346=12345 | BENT,
San.
186. nom.
May
MDT Boybeans, No. 2, yellow Foot
Mar. 1810 traded Tub
He runs the only store in "I haven't measured them all mont Frenchmen, where tourists yet"-along the Clin Alpine
when Range. formerly stopped only
Ho found
Government-sponsored Wool top futures market hed! The BOTRO they needed I.
horiz utal allp: there where the sales campaign was authorised a huge turnover today of 200 But now
Weyher's business creth moved sideways up to se parú of a new. wool price lots but the effect upon prices
negligible. 12. fect.
Support programme approved by WOR The horizontal and vertica: Congress last year. Marketing cloro, accordingly, was steady.
u
almost
The
is booming. He's aven storted | 19. building a motel.
"Trame is thicker than it's shifting Prot. Gianella says, is co-operativos. at Other Dr Closing prices were in pence pointe higher ver been he stry. "Hundreds mong the greatest over known sanduations for prommuling asics per Ib:
overy day to
July
September
December
Jimary
<df cars hard into the valley in the United States. By com- of wool, hair, sheep, and goets, March
see what the parizon, the Son
bo said the campaigns would Francisc qunion did."
quake of 1900 which led Ananced by tax on growers, and Then there's. Prot, Vincent 700 remulled in 3-foot: vert cel boform the cass could take effent, Octobe Ginella, who at 58 should be shifting and 21-foot barisantai It would have to be approved wilting of home bouncing_hir displacements.
by two-thirds of tho' growark grandchildren
his knee. on
a-referend sam, Fairview Pook-ereind which | affected Instead, he's out acrambling some of the greatest shifting of United Prom.
179.5/17030 мы... 177.0677.7
Nov.
IMMA76-9
1788/1743 171/0/1712-pos
Spot
3,079 000 1.
New York flour 200:16, HOWE
“United Press,
unsophisticated a
to
Unions rose from $030 by: 5950 largely on hopes, I hear, that the company will follow muiny inverters.
by tho Yesterday morning. Yasumati the good example set was the only utility which had Bank, A broker's comment: “A managed to hold its earlier farton "hope".
The decline continued advance and th's apparently was
la
on new reports of the forth-Wharves and they lost another coming bonus. These reports are $2 on the week to make their quite strong and no une seems too long since carly last month, be in any doubt that the an- $6%. This fall was not unex
of nouncement will be made ated. On the basis a long- any time now.
term investment, Wharves are n BONUS TERMS
good shirt but for the "get- I heard yesterday
rich-quick" expert and there that they
lot vi them intend to make either a one-are for-one or a three-for-two | Hongkong--they are something bonus issue or, if that is im- of a wall fower at the moment. Wheelocks have been-com- possible, to make a one-for-two
and although bonus isitas and increase the paratively quiet dividend. It all depends on
they are down slightly on mid- what a final check of the figures wock prices, they are level with
last Thursday's rate. shows..
fu
BUBBEL' SHARES RISE The share turned downs 12
Hongkong in the afterneper call yesterday
and Bhunghat on reports about, Wheelock Mar- Hotels and Lands are, other dan's interest in a harbour stocks which have lost a fow
during the week, Ponte abortion continuen bridge project. At however, Los Hou
do well sad is following the taches little significance Singapore raw material, priops
report
this age,
count, according to brokers,
Amalgamister's
tho
Troms and Electrics appear on their upwards course. They -279 at this stage to be in a sound were alded, this week by the position dowpite their slight fall nows of the flare-up in this weeks. The feeling in Ice rest-Docket war" on the China House Street is that both com panies could pay - Incrowned dividenda in Marche Bus soine yesterday: wire 81,875 Üctroareda £00), WND+this+in-nos likely until with 81.725 lat works widio the next interimis, are due in Trusted were $1.675, compared
with $3.50 Iset wosk Santember