SKOMER
NORTH
AMERICA
SOUTH
AMERICA
Clupeoids (herring, sardines, shad, etc.)
Gedolch food, hoke, atc.)
THE CHINA MAIL, TUESDAY, FEBRUARY 1, 1955.
ASIA
EUROPE
AFRICA
Tuna (luna, swordfish, marlin, etc.)
Crustacea (crob, lobster, shrimps, etc.)
Parcomorph (mackerel, bass, rockfish, etc.) Underexploited or Entirely Neglected Stocks
400
AUSTRALIA
Areas of Established Fisheries
Areas with Intense Fishing Operations
AP Newsfeatures
Fisheries Conference
Aims At Boosting The Ocean's Yield Of Food
#in
Ocenia --
under
The first world conference
Asheries
UN auspices meets in Rome this spring to study how to make the
inland anul waters, too-yield more fish for the world's food supply. At present, only 10 per cent of the animal prote'n consumed by world comes from Its watore, although
water makes up 75 per cent of the globe's surface.
The technieni
experts The wenien
newww over
being sum:nond from all the world to meet at the Rome headquarters of the UN's Food Agricultural Organisation
and
in April will have as one of their the job ul sigrynents major nasi; mapping it ways of increasing the productivity of the water?
But this will not be their only problem, As the accom- panying map shows, there are svefions of the seas where intense
operation commerci
13
1971- dangering the Ash supply. Com- servation
to MenBures
be discussed at Rome may restore fishing grounds in the 140 milion world's square miles oceans now in dunger of being ished out.
uf
the:
Conservation rules of soone sort might also save other areas stil largely untappeet but in possible future danger from un- regulated operatim of radio and sonar-equipped fleets, which ean range further, stay out longer and catch more fish than any- thing known in the past.
Field Barred
One large fleld will be barred from discussion At the Home meeting: the question of inter-
By A. 1. GOLDBERG Associated Press Writer
The Russian, also one of the
approved thre
von-
They said it should wait
entil all beged kinks are Ironed oat, which "might have delay rul the meeting until 1967 or beyind. Many exaerts feel such a delay m ght havY! disastrous effect. There are
are weas of Chile where tuna sheries may Thumercial
tunu burts sune day rival the tuna of the northern Pacifle. It is where this,
on broad bands
territorial ocquri protect the canning and fish- ing industries they hope to buildf up), than
spokes- conkoryption
measures should be
men argue
Sik
Tauw
insist
But the berring entch in that rogion sel new resonds, especially Around Norway, last winter.
Callfotila
The U.S. West Coast has had a run of lite fishing. plchards eluded the fishermen. Canning Industries had to impart Jepanese catches to 1 (una needa.
More Salmon
salmon.
the world. The Rome meeting could develop powerful helps for these regional sessions
PAO has sponsored ziUOSTORE
rogional istry Conferences where ocean fishing is discused but where the dominant problem is stocking inland rivers, lakes, ditches Arrigation pond-even and rice fields with fresh water Ash
This
TRADE AND COMMERCE SECTION
AMERICAN ECONOMY
Commodity And Stock Prices Buoyant
On Formosa Statement
By JOHN MORKA
New York, Jan. 31. Commodity and stock prices reacted buoyantly to President Eisenhower's plan to protect Formosa but the heightening in international tension appears to have been discounted elsewhere in the U.S. economy.
Asian tension sparked strong rises this week in leading Issues of companies which might expect import commodities. to gain most from increased military and defence spending shared the strong upward boost which was spread over the three-day Aircraft issues showed firmness. Steels, period this week. machine tools, machinery were all in demand.
eports
No
NEW YORK
STOCK
MARKET
New York, Jan. 31. Stocks continued to move up- ward today.
Steel phares, aircrafts, ship- building issues, oils and a host For nie Issues ran up gams ronging to more than 6-7 points,
Special issues
respunded to Individuul news developments, Missouri-Kansas-Texas Railroad preferred added $2,80 03 the Reard submitted its recapitalisa- tion plan to the Interstate com- merce commission. Ex-Cell-O spurled $10.50 on rumours of a
Americans Busch ruse $1.13 on turnover following a weekend lip by a Comment
stock split in the offing.
has any's most act
active radio commentator.
by the same source resulted in extremely heavy volume Webb und Knapp on
| American Stock Exchange.
rose a few cents,
ה!
the
Steels were
the hmong Ax President Eisenhower-neut
Washington The flee extended ever reguemic balance.
Krongest bones, with several that empliosised asked for Congressional autho-into Turaday, and despite some
favourable factors boosting the enution. coffee, Soul in defence spending was nity to profict Nationalist China further dealer
Red Chinese
group, including the report of the against
Premier
ticipated coroa and wool rose sharply in
ander current con-
rato operating
since was highest Chou En-lal's forces on Monday some heavy trading, Zine, lead, lons. On the whole, it selective buying and dealer hires rottenseert all at soy-elt that the economy-short of Nov. 8, 1953. Hethlehem gained evering moved into the market bean oil, sugar, copper
war-would reflect the rise and point, and Youngstown added
nore than 2 points. Rubber. scrong.
de of weenamie furres not and sent prices booming
with finked too directly
Chrysler fontured with a gain For- Rubber was up sharply: atso closed higher.
of $2.50 as the Company an- TEHIYA. higher were hides, wool, zine,esitation
Bounced overtime to boost Ply- least, coppor, cottonseed oil and Along with burlap, rubber were
mouth production. the only two cotumadfies which did not close higher in all post- tions.
World Cotton
Markets
New York, Jan. 31. Cotton traders today crowded most of the activity into oper it and closing transactions,
In between time, business dragged along slowly with prices see-sawing narrowly on el:her dde ut the previous close.
ut
showed
were which some
In some
positions
Wall Street meanwhile has been trying to guess what the stock market would do if some shoo!Ing occurred in the US. NEW RUBBER INGHS
plan to protect Formosa. Rubber bit now high ln three
FORMOSA INCIDENT Wednesday. in fine
Wall Streeters gee Formosa nr with strength in Singapore markets. The weekly an incident right now. The long Armmess
main theme occupying rubber
attention valled despite a
years on
more
London
nnel
pre-
prediction by
the
on
is
of
Volume Increased to 3,500,000 shares from 3,280,000, on Friday. Out of 1,140 issues traded, 638 were higher, 357 zwer,
averages
As
408.83
144.43
130.49
100.53
171.48
-United Prees.
The New York Slock Ex- change bond volume was $4,040,- 000.
The American Slock Exchango market wlume was 1,550,000 shares. the approaching
DOW-JONES AVERAGES a leading rubber manufacturing stock market investigation by
the Government. Prospects executive in the U.S. that
Dow-Jones closing continuing high price of crude corporate developments in the on Wall Street today were
forin of rubber will result in a decline
stock -
and splits
and follows: dividend distributions, and the 50 industrials in the use of natural rubber in
ern Federal Reserve Board's the United States. Far Eastern
ap-matin parent policy of letting credit atuities tension appeared to have been a
GB stocks rates seek their own level. This 40 bonds powerful influence F.A.D.
predic-might tighten the money mar- Comm. future price Index. Is part of the
rubber prices than the 10
high Buoyancy bring
the opening, tions of John L. Collyer, Chair- ket, some say, nod tend to take programme
around to The when prices moved up
Co.. protein food cheaply
F. Goodrich man of B.
the glitter off the stock market. 00 cents B bale, refected a protein-starved peoples of under
Akron, Ohio. curryover
week from Friday's late
And this
there was developed countries.
were Commodities
mixed, confirmation
the Govern- Df Inland water and sh more
buying movement, touched off
ment's tougher" credit policy, servation
programmes rank high by the unexpectedly sharp rise with cotton somewhat irregular
the as traders ascessed
Anancial at 30 points in the mid-January
For weeks, American in many N. cuntries and the
And colton market.
about circles have speculated parity price, mad the administra- textile conferences have treen valuable
however, especially, tion's opposition to any increase Stocks,
the trend of credit and interest In exchanging ideas on techales,
aircrafts and coppers, craft,
steels, fishing motorising
In the 1956 acrooge allotments. and
rates. moved stronger in late dealings even Introducing new types of
The higher purity suggested after earlier easiness. sh-like the fast growing and
possible loan rate of 33.45 cents mesty tilapia-into new areas of
a pound for middling
Short of war, it is 15/18 the world.
middling cotton, which would U.S. economy would!
Formosan be a new record and compared take with this season's average of ments in its stride with little or
the 33.23 cents a pound.
any variations in
Canada recently has had more There were fewer cod In 1953 along the eastern coast
but of North America herring.
wt immediately to priteet
The North Atlantic fisherles the Ash and keep the grounds emission meeting at Ottawa in
maritime Jutro and the producing
Areas around the British Isica,
In-
france of, the Organisation
of
sest to Norway and west to Ice-American States meeting prob- Ind, have seen a dwinding of ubly in July will have a lot
to
od and buke entches, alarming say about legal as well as con- they fisherman of the countries servation matters in this part of
Three-Year-Olds
Are
Employed
con-
In Indian Factories
Millions of children, some į In 1952, in West Bengal and Travancore - Cochin States, jonly three years old, are national law and national rights employed by farmg and alone 97,802 children were em ployed while in Hyderabad to the fishing grounds them- small factories in India, ac- State, 81,177 children, nearly selves.
As can be seen on the cording to a recent report halt of them girls, were engaged
in various industries in 1953. map, most fishing areas are ad- of the Ministry of Labour. jacent to land areas.
lege
the
-
countries where
factory,
the owners. In one workers even threatened to go on strike.
Poverty is primarily respon- clandestine em- sible for the ployment of children, says the Labour Ministry report. In many cases parents entreat employers to engage their sons and daugh ters to supplement their meagre family income.
Eight Hours
list
Closing σ) a
reaction, the finished net 5 lower to 2 points higher. Opening prices
to 8 points.
New were up 3 Orleans closed of 1 to up 4
points.
Trading volumes and open
interests
in the Exchange today
Open intercal
were:
Munth
Voluino
March
41,700
$31,100.
May
20,400
1,181,400
July
21,200
$71,500
Oktober December
19,000
107,000
12,000
123000
March
7,400
72,000
May
4,500
70,000
безбу Total
1,000
600
130,600
NEW YORK
2,001,000 baten,
The
fcil
cotton
World Rubber
Markets
Singapore, Jan. 31. in Washington, eight private
After a steady opening on the economists--including President
cased later on probably Truman's former economic ad- Political news the rubber market selling and less viser were
confident. develop.
liquidation by nervous sellers. before the Testifying
Con- Toward the close there was general Kressional Economic Committee little trade support which closed
this week, the experts forecast
orecast the market a triño stendier. better levels in 1955 as com- 1954. The experts,
HONGKONG
STOCK
pared
Ove
with
Future closings were:
per tb.
10216-1027
March April
of the right sald unemploy- No. 1 rubber
this year, ment will increase
and many felt President Elsen- hower in his economic message to Congress was perhaps more hopeful than the situation war- runted.-United Press.
EXCHANGE New York Sugar
(From Our Correspondent)
Business done on the Hong- kong Stock Exchange this Prices of futures closed today morning amounted to $1,020,- as follows:
477.25. Noon quotations and Spot
the morning's transactions: SILARES BUYERS SELLERS "BALES BLANKS
HK Bands 2085 2009 17 2005 10 có 2003
Nar
Moy
July
પૂ.
Dee.
Mar.
May
July
NEW ORLEANS
35.20
31.70
34.98-35.02 35.21 25.21-23
35.24
35.30
15.05
35.40
{ INSURANCES Lombard Underwriters 10.10
GO
76 *4.50
Prices of futures closed today DOCKS, ETC. as follows:
K. Wharf. Dock Frovileni
(O)....10.30 Wheelock .. 720 7.30 400 @ 7:20
0000 7.23
34.35
34.71
33.02-03 35.24-25
35.20
35.54
LAND, ETC.
35.47-50
35.43
33.43
HK Hotel 10.40 101% 2300 KK Land
..odis
Market
New York. Jan. 31. World No. 4 sugar fatures closed today unchanged to 2 points higher with sales of 169 contracts.
Domertle No. 8 gar futures
February
No. 2 rubber per 18. Feb. No. 1 rubber per il. Feb. No, rubber per ib. Feb. 20-98}; Spot rubber unhaled Blanket crepe
No. 1 pale crepe
1075-10019
NEW YORK
today Futures
closed un- changed to 20 points higher
with sales of 103 contracts,
Resistance shown in response of lower primary market cables caused early sellers to reverse their positions in the afternoon dealings. Dealer covering aided the late rally which carried the market up substantially from the lows.
Dealers
only reported closed unchanged to 2 polis nominal" factory interest in the lower with sales of four
spot market. No. 1 Rss spot contracts.
quoted at 351⁄2 cents. Future closings;
World futures ruled steady as dealer buying orders pre- clominated. In the raw market, Ceylon was the accrodied buyer of 10,000 tons of Cubans at a prico equivalent to about 3.15 to 3.10 cemo a pound fob dealers said.
Domestic futures
were 'dull
and featurelees. Future closings:
15.00 100 p 15.00 Contract No. 4 (world) 00 1500 69 10.40 March
2000 15.50 May
исто
March Mny
July September December
Marchi
LONDON
The market was quiet. No. 1 Rss spot was quoted at 30% pence per I, Prices: No. 1 ss spot
3.10 Settlement house team!
March
April/June
July/September
Mar.
Muy
July
their
Oct.
4
Dec.
Mar.
Mny
1
3015-304%
July
3.10
30-3015
LIVERPOOL
3030 to 10,40
Humphreys.
July
2.10
1000 or 00,
September
3.17
May/June
Jan/Feb.
July/Aug. Pet./Nov.
Cotton future closinge, Ameri- can middling, 15/10 inch, in pence per ib, were as follows:
2244 92,48 Mar Apr.
37.23
Tram
Realty ... 1.03 2.10 UTILITIES
21.10 21.40 1500 @ 21.40. Htar e 163
LBY Ymani
200 . 103
ID 68 Spot (cents per the fob Cuba) 100 09.
3.17
Contract No. 8
October/December
March
5.48
General markets, ck bas
February
500 GP 21.30
Moy July September November March
0.02
March
25.03
April
5.67
6.67
4.30
May
5,41
0.50
Prom
Child labour was first banned In dispute is how far a country Almost ali of them work
In India in 1881 when the has jurisdiction out Unita the
minimum ago of a child worker waters of its coastline, whether under poor conditions in dimly
was Axed at seven, This was ocean limits should be 3 or 4 or it back rooms and insanitary
surroundings, the report said, progressively raised to nino in 12 miles or 200 miles as Peru
and somo of them ourn as 1801, 12 in 1922 and 14 in 1948. wants,
little as twopence a day. These ra nil
part of the
Despite this protective legisla problem that is one portion
The Government report aftor tlon, employment of children political, one portion leard and a rapid survey of child labour under 14 continues. Labour But the wages which the boys worth one portion just the simple mat-in India disclosed further dis- officials blame the lack of ade- and girls carn are not ter of how to insure a Hvelihood quieting facts,
qunte enforcement stoff and the effort they put into
from the work. The period of work for around
lack of co-operation fishing and canning are major
the main oc- public for the present high pro- child of 14 ls, according to e- In agriculture,
in tory regulations, four and industries.
of portion cupation of 80 per cent
of child workers
halt hours a day but in almost million cartain industries in India. The U.N.'s International Law Indians nearly reven
work helping their
all cases, children put in eight Commission has been trying for children
Thou~ The industries particularilyor nine hours of work a day. years to codify these parents and relatives. sever.
in guilty of employing children are Their wages for a day average There has been a sands more are employed
two annas to 10 annas from 23 domestic servants, the match factories in the routh general understanding that the cities
and "Bid" factories all over
(two penco to ten pence) de questions should not be messengers and office boys,
India.
pending
on the type of work dealt with until all the rest are considered.
chila they do, Oficiala investigating labour in match factories in
In India, the proportion of south India reported: “A most children to the total population
on is higher
than in European are remarkabio sight was that and girls
at the factory, young countries. Nearly 187,000,000 or servation was a question of engaged in professional begging, arrival utmost urgency because the Perhaps the worlds youngest persons of about the age of India's 356,000,000 people ard children under 10. "This high world's food supply was affected. factory workers were found by eight or won, particularly girin, International co-operation for members of a Labour Investiram helter skelter. They were proportion, according to an In- was needed to head gating Committee in some "Bid" found to be under age children.ternational Labour Onze ekpart Conservation off individual action by countries (poor man's cigarette wrapped clandestinely employed, who is another reason why Juvanties
Colton to esse play a larger part in production. running away in leaf instead of paper) face were for self-protection.
In "India" thin In Western cruzeiros per Latt
-American dissentory tories in Madras, They enw prosecution,
follows: In couhirios, Another obstacle which from this view finally agreed to free-year-old boys and girls the conservation conference in with work baskets in front of spectors have to fade, explained Rome, but only on the promise them sorting Bidi leaves,
fabour, ometal, is the age #
certinente racket, (5) legal regulations would not be considarock.
Employers are not entirely to United States in one of eloved that child labour le pro blame for engaging, children. In big seven in the Ash valent chleby in economically Bayoral towns ants of the producing world. It has eight haolewart poetamin: mouthIndie labour ofhow to diecit employ
hing tristies with 20 other in the states of West Bengal, ment of under age children friction education : In[note countries and its viewpoint on Uttar Pradests -- and Vindinys | were atoutly)rendated by both
the workerS the question was a powathul one, Pradesh,
But the United States insisted
at the Ninth General Assembly
date last year that fishery con-
The
tho
Beggars
Young boys
Another recent mitvary
Compulsory education up to secondary standard is the most effective medium of checking child labour in the the Labour Buront centro-LEW MOBILNEWck-zzleloa
Omelal values for spot cottons mclude: American-middling,
10/10th inch. 22.09. American. La low maddiing 20.80 Mexican middling
All other were unchanged.
400 104
Spot C. Light (0)3 £17.60 17.00. BOGO 17.80
fcents per ib, eif NY ex-duty) 600 @ 17.7G LER (N) 807 57.75 1414-1650 4000 # 14.10 Escri
300 E 20.. 2000 ** 27.75
·34.75 3001034
ndoo at 413%
SAO PAULO
future closings,
Jello were
Telephons INDUSTRIALS
Cement. 4332 Hope
STORES, ETC.
"Dalry
10.30
22.00
23.90
London Foreign
Exchange
penhagen.
Zurictio
Estate crepe thick
thin
ARMSTERDAM
The market was weak, Prices closed today in guilders por kilogram,, CIF February an ol lows:
No. 1 rubber, No. 2ʻrubber *NOS: TRADDE
No. 1 crope
(2.00) buy
Exchange Rates
E-Businesa vene done, ing unoniciat/3.5m sechá Tygtu morning shit, the zolia Wandelar (per
diering skies, oper Indonesian rupláh (per 100)