OLD PAPER
& UNFINISHED
CATHEDRAL
Barecluna, Mar. 1.
This Mcditerranean city
of Barcelona is proud of its] new motorcar factory where 100 seat 14 hp 4-5-seater cars (the Spanish version of The Italian Flat 1400) are turned out every week by 7,000 workers,
Eventually, 21,000 coulayevn
The preat plan will work at
What th scash me just
reefy, douberg cor edge", HIN
The Buchlong k unders 1F1 present demand to me 30,000 cars,
Another reporland develops it in the lasting industrill City of Sprut en is sperrtant one F B. celoton the Best ily og Spoon an 100k I well as
The City Contreal p
Palace of Sports" reads i Medstercampur Game, 2 draked to takes
F
burden
4
When
Alester cdo di
TWO LANGUAGES Barcelona today contpines. to have two languages. 0 spite of the fßelat ban on 0217-
the Cafalan Language in schools,
papres of the radio 1 Spanish #Custikam} jy leerd on the streets
Satu
til Maf.
24 34 78
11
[...
with
+16
a ja to do thay tina prin plays my to
4....
Loy tury
-דויד
id Nala mali da
Jetted
THE CHINA MAIL, WEDNESDAY, MARCH 2, 1955.
TRADE and
COMMERCE SECTION
NEW YORK WORLD PRODUCTION OF GOODS
STOCK
MARKET All Hemispheres Continue
New York, Mar. 1.7 Stocks continued to pusk forward under high grade kadership today with only in bit of cautious selling near the close to mar the re-
All manjar AOTOILE Anistond hter, with rails and utilities W geurter-century peaks DIKE industrials a shude below the-time ale
amandal 11. komped to gay punte in Western Esots which reached $341y fok
12001
1 Avellent January
A lubja regrafinal gain 30 probe on top of 14%$! The send DAN lites Superio Cait of Caister frater lop mark
To Hit Highs
And Share In Steady Rise
United Nations, Mar. 1.
World production of goods and services continued to touch new peaks over nearly two decades with all geographical areas sharing in the steady but considerable rise, according to a report issued here.
World trade has expanded more than threefold from 1938 to 1953. The United States, as in the past, continued as use plans is the most expensive the biggest producer and consumer of the world's products and
100%
Lestist THA
Trading
1
power.
Tende att by
HV Wilde Jurnover
CENTRAL UP
By performer
the
1
nesne outside the average -Central of George which rate
4 punts to $5244 javerage iimpaavdu 138 to $130 48,
***
World Cotton
Markets
1.
New York, Min Cotton fulare Teikas upend Gulf evil jurat struce April 21, 1038 Un lower and remnantial on the des
Optometry
Har bruntak,
10. Men than formerly.
pond of horvinu Į kanal.
WATTA
Park Delaware util
1 $135% Hudson 1
Tar
data pompen In Spante la Vane ruan with
765,000 copie:
זו
An int
D
day mandl dton at 1. Vanguards sala painted on special pojan be stat
To Making and offer tosin bath | day.
hug the sarcidad
The city, for,
y
fensive
Kessilin
sharpes
for 14
101
1
1:1
trade in the dollar more than Avn times; that of
th.
Eኌ†ፈን
To:
tsal cli
Annual Chicago Trade Conference
Chicago, Mar. 1.
The 18th annual Chleage world Imde conference opens a two-day meeting today with more than 1,- 000 persons from all over
world expected attend.
-to
The conference. held cach year in the interests of increasing worki trode, will constiler foreign trade- In the light of the cold wor and other International problems,—United Press,
HONGKONG STOCK EXCHANGE
Wheat Trade
Should Increase
Washington, Mar. 1.
The Agriculture Department today predicted
a five per cent inercase in world wheat trade this year-reversing a two-year trend.
The Department forecast of exports by the principal world what suppliers during 1954-55 | is:
Australis, "somewhat” more than the 1,000,000 bushels logi year; Argentino, "10 exceed 100.000.000 bushels" Canada.
"near last seasone's
level ht
mux
288,100,000 bushel": United States, sune
39,000,000 than the 317,400,000 bushels of lazıl year.
The Department estimated that those four countries had record 2,058,000,000 bushols wheat avaliable for export carry-over us of Jununry 1.
NATIONAL
CITY BANK
MERGER
New York, Mar. 1. National City Bank of
of New York today announced
of
a plan to merge with First Supplies are a record in the National Bank of the City United States, the Department of New York into nu in- sal, arge in Canada and substitution with assets total-
ling $7,036,000,000.
in
The uther
This analy as of globu) erano- Findes was contained in the new
+f
United Nations
(From Our Correspondent) stadistical yearbook, prepared fa 1. as a result, the shure of the
with
statistical dollar area in world trade rose
B co-operation
1. Heng- agenclest of over 140 countries freen 140 30 per rest.
10
The
Trong Stock Ex ange the morn- tris specialised 11 N. agencies
Brean
ing armounted to $335,003 share declined
Noonstantial ገን atur of world trade from 25 per cent to 25 per cent quotations undl the morning's | countries."-United Press. Lexelading the Noviet
and that of eontinental Western Union. Eastern Europe and Commomma | [China --was 311⁄2 times greater in 1993 than in prewar 39SH, With the rated States replacing the United Kingdom as the largest single Trading country
FIVEFOLD INCREASE
Armen features in the steels month, while the nearby posi-double
more than triple the 1938 value,
Europe from 30 to 27 per cent.
Michelle East countries within the sterling iron staged a strik- expansion in experts, the United Nations report noted.
PETROLEUM BOOM
un fione
9BARER DUYERN SELLERS SALES
INSURANCES
1 Fr
553
20 20 920
Lombard Underwriters
SHPETING
49
10 LE
It
[
A Nov
DOCKS. KRU
The
7:20...
7
G
Provident (0) Wheelock
Closing Oghtly above the ex- treme lows he led 1ll was on;
vit suic
T Open pices were i Non-fermos melak made one
was due mainly In 1953, US. Now
pents and
boom in petroleum exports In of the day's best showings. Rey-Junelanges; to off 4 points
ph showed a fet Clerva
10 20x PÅ 27
the postwar period during which gulner yeter | Ortenus a-portal
increase in value empared with another Fan ti
li posesty
volume of exports In 1953 ex- United Kingdom's The The 1938
twofold than reded by more than PG3 Imports were more
the 1953 exports the 1950 volume, and the 1996 anch
volume more than sixfold
measured in US.
Cin There whs o big boost เก Kingdom's workd sterling the United
generation of electric 1953 Imports were 26 times and
H** | energy and a corresponding rise the 185 exports five times
the consumption of this corresponding 1938 value).
the power. As usual,
North The dollar ar
American continent, helper pliteal
basis continued
mainly by the high levels dominate world trade.
operations in the United States. 1938 and 1953, the value of total dominated this leid.
with a ring of 19 to $77
newspojit 1
A
Fun opr
Desi to Th.
163 years
The Tunes of
ok.
IN
added 21,
Barceloni, HOM
1 Diario
reactie a for any
་་
dropped to the lowest jemu Įsince late June last year
house selamat
March
contract
There were sous and gains in
Liquidati, Texas Gulf pushe ngadus commission
hfield; wal merrased hedge offerings to $91.
found trade baryers reserved.
Truding volumes and open interests in the Exchange torny
Volume (pen Interest
101,300 1,140,900
Demand
again centred
In
were: Month
In the days of the Napoleone 21⁄2 $70/2. invasion of Barcelona, The pro- arrior of the Bario ed to the island of Majuren and published Pennsylvania railroad which im-
the proved to $28. three, while 110 Frenchi
forces Gerupying Laroctona published a French- Language editie.
pazer
The tour of mesel engines can sinti- Many be heard coupers in Barcelona these days Dught to caused eris to all- ing 3 hours a work in elect power.
The American change volume
Миге
MAY
200
4 900 150,700 2,728,000 bater
NEW YORK
10,800
Ju
The New York Suck change bond 93,810,000
Ex July
05.900
37,1100
#31,300
voluzne
wiss October
17.000
201,100
December
12,900
171.200
March May Ex-Buty Stock was 1,400,000 Tolst
3,100
100,700
3,300)
107,800
Pries of futures closed today
Sig
34.70
Mar
34 (90
May
41824
July
149.80
Del
04.00
Mar.
157 48
May
100 1
Jerly
balustrire,
KATA, ships,
01
iosjatada are turning their own
*el grmy plants.
MAIN PROBLEM
Barcelona's main problem
Is at 1L altracts
Tarks from areas of Spain's "poor South," About of these prasarits
numbers of peasants
Marcła
རྒྱམ་་་
and other
1. มอ Javo been settling cach yrar in Barcelona - more 123.13 thre Lown's Industry especially 15% can absorb. most of the Immigrants are unskhird.
Various ennial anea; UTER HOW keep the influx down
20,000 a year.
Dow Jones closing averages
on Wall Street today were as as follows Jallows
38 industrista
20 all
La utilities
13 stocka
ત-
Comm. future piler index 159 18
YESTERDAY'S PRICES
Alden
Acv Allied Chemicals Allie Chalmers
45
NEW ORLEANS
dollars
-on a Regen - to Between
World Rubber
Markets
K Whol
LAND, ETC
1K HK Land
of
70 200 60'
700 70 1000 m
*" KIZ
2000 1
7
500
10 10 10 60 900 ...
4TILITIES
Tram
20090 Star Ferry XD Younisti Ferry CLight 10) 16,70
Standard
Reducing
Oil Imports
IWO
This would be the second biggest merger in banking his- tory,
National I strengthens City's hold on the number threa place among banks in the United States.
Already in the offing is merger which would place the combination of Chase National Bank and the Bank of the Man- hattan Co. into the second spot with told resources of $7,670,- 000,000. Stockholders of thepe banks vote on March 28 on the
consolidation.
San Francisco, Mor, 1. The giant Standard Oil Co. of California one of the world's 3 biggest oil concerns-announced National Cily gives up its bank- The Chase merger means that Boday plane to slush is foreign
ing as the second biggest bank oil imports by 11,000 barrels a
In the United States, Its re- 793 day for the rest of the year.
scurrcs as of year-old, 1954, The Chairman, Mr
totalled R. G.
First $0,323,000,000, cut is in line National Bank has total assots Follis, said the wilb voluntary cut backs re of $713,000,000.
by President The Bank of America main- Com-tains its lead over all other Advisory 20.90mittee on Energy Supplies and banks in the United States with
Resources Policy. United assets topping $8,500,000,000.- 14.80 Press.
United Press.
commended
Eisenhower's
43 400 042 20043
144
21 360
185
1000
340 + 10.00
500
10,00
10
10 80
1300
**20.30 29 20
100025 60
EVERETT
C. Light (2) 13.40 13 70 1000 Biretrie D. 241. Telephone. 20
Between 1937 and 1933, out- put in the United States, in- creased by 231 per cent; by 181 per cent in Sweden, by 178 per tent in the United Kingdom and
The by 111 per cent in Japan, Sovie: Union was said to have generated 133 thousand million INDUSTRIALS. kilowatt hours in 1953, compared to 65 thousand million in 1048.
pf
34 29-30 and New York advices. Fairly, world consumption of energy of
54 per
Singapore, Mar, 1 The rubber market opened
North America's share caster in sympathy with Lantion
Toll types amounted to well Was heavy
!ernt. Europe's to 85 per cent. absorbed by the trade and short | Ast's 46 6 per cent, South Covering. The market was; America's and Africa's to 2 per eratur with
turnover. 1 cent each. Future closings:
No. 4
iquidation
Spot rubber unbaked
Hankei Cropt
that The 1953 Ogures show Mar 13,
von- Aur 2018, the greatest increases in
sumption since 1937 took place My unquoted
Mar 1875-877-in South America (157 per cent)
NEW YORK
024-00
4-
THI
23--14
Futures closed today 55 to 80 points lower with sales of 232 contracts,
24 54
34.43
3453
34.04
34 84
lang
Prices of futures closed
today
No 1 rubber per b
as follows:
#231 #17
Spot
3400
Mor
34
No. 2 rubber per Th
7014
Moy
34 28-29
No. 3
American Airline
201
American Molal
604
July
3447
Oei
3444
Amerkan ämekling
American Tel. & Tel
1844
Dr.
34 04
Mar
34.74
No pale crepe
10 boul
American Tubacen “B”
Anaconda Copper
May
31 ho
July
34.00
Armes Steel
tourists
Truin
Ammat
Batwi Lama-lamilton
175
Baltimore & Ohle...
Bendix Aviation Corp.
113
Benguet Cuns. ...
per
b.,
Bethlehem Stool
123
LIVERPOOL Futures closed today in pener American middling 15/16 inch, were as follows;
Boeing Airplane Canadian Pacific Railway
132
May/June
32 01
3134
Oct/Nov
1742
Dec Jan
Chase National Bik Chile Copper Chrysler Malory Commercial Credit
Falucs
tor
spol
70
American Middling
Lorinenwealth Zee
15/16th ecli American 3. L. miidling
Consolidated' Edison
the
Tath inch
Continental Steel
Mexlean indding
Con Prodijucts
#ind inet
Crane Co......
Cuban American Sugar
Curtis Wright...
Dupont de Nemours
17214
SAO PAULO Futures closings,
la cruzeiros
not
Eastman Kodak
21 per kilo, were as followe
General Electrte
Matela
pr-
Generul Pode
May
General Motorn
Oct.
30.50 201 29.70
Gillette Safety Razor
Dec.
The Blood of Europe and America which has invaded Spain in the last tow years has brought much money to Barretonia,
through
Die
the Case 2. 1.) Co.
Tour pa
their
เป way ty acturespre Gala Brava, to the halrape Isles, of Sitges, or
A new molar rutel Punking notab of the city brings lovely benches of nearby Castel- defels within half an hour of the centre of Barcelona-a bʊoli to Sanony excursionista.
Although Barvelous Is Intenally
to Communists,
ticularly because the latter dis- Approve of Catalan regional Lutonomy
lendencies, Bome
Goodrich (2. 7.) Co. Goodyear Tire & Rubber
International Busines
Machinea International Harvester International Nicket International Paper International Tel & Tel Jahn-Mavlile Co. Kennecolt Copper
people express a certain sym-Homstake Mining Co. pathy with 30 cent Communists who WITC arrested in 1949. These were finally sentenced In 1968 to crims of imprisonment ranging from one to alx years. "in 1954, their sentences Now, have been changed Lo range from 20 years to oro year.
Barcelona traffic police place prominent sign in public pitets giving day-by-day parcs for street ensualties. Last year, 63 2.338 people were killed and
in car smashes Injured
This year's Ikguæris Burecler ure running still higher.
WONDER WHY
*visitors. after Many watching the speed at which vehicles, normally travel in the centre of the town,
the figures are - wonder why not even higher,
Lockheed Airerpit Loows Incorp. Lose Star Cement Co. Minneola Minkag Montgomery Ward National Cash Register A National Datillers Nellonal Len New York Centrai Otis Elevator ...
Pariño Gas & Electric
| Pasiflo Western Ol
Radio Corporation Reo Motors Republle Bike) Phim Dù Cả.
amelat
Incluite
ان 31
A reactionary close at London and
the laggards of factory 31 81 buyers overturned opening at cottons tempts toward a rally until near the else when a small upturn 32.61 developed en speculative · day
troder covering. *20.41
34.22
In the United States, the 434overage price of 15/16 middling cotton at ten spot colton markuts was 33.84 cents, Sales at these 432 centres totalled 2,820 bales,
United Press,
074
271%
Buyers
were holding aloof in the outside market, A limited business included sales of April Spot four sheets at 29 cents, No i Res were quotesi at 29 cents. Futures:
March May July September December March....
LONDON
20.20
20,70
20.41
20,00
20,70
28.43
The market was quiet. No. 1 Itss spot were quoted at 203%
New York Foreign ne per ib. Prices:
Exchange
2.00-31/32 1.01-1/20
No. 1 Ra spat ......
Settlement lituse termi Aprit
2016-2016 2016-2014
20-201
20-20 26-201 2507-2874
und in Africa (122 per cent).
STEEL PRODUCTION
The United Sintes was still the biggest steel producer, out- liştancing Russlo by a large margin.
Clement X AIL 25 30
STORES, ETC
try
COTTONS
70
21 40 21 00
Textile Corp Nivyang
€ 30
#31
540
FGOO
MISCELLANEOUS
Yuugi.c
113 2000.
600
Singapore
Stock Market
Sigapore, Mar. 2. Brokers today quoled to fol- lowing stock prices:
metric tons. The United King Fraser
Ordinary
Petroleum
Tin Smelters,
ոդվ Nenye Ordinary Issue Fraser and Neave Lit,
75 clum. pret Hongkong & Shanghai Bank
LINES
EVERETT ORIENT LINE
Fast regular freight refrigerator
service to Korea, passenger
Japan, Philippines, Indo-China, Siam, Malaya, Rangoon, Calcutta and Chittagong.
"BRADEVERETT”
Arrives Sails
Mar, * Mar, 4
from Singapore. for Kobe & Yokohama,
"NOREVERETT”
Arrives Sallu
Mar. 18 from Manila, Mar, 19 for!
Singapore, Penang, &
Rangoon Chittagong Calcutta.
(Accepting cargo for transhipment Kobe/Posan and Kobe/Okinawa)
EVERETT STAR. LINE
Lit,
Opening
ar/cd
307
$1,53
KU 40
$Bru
$2.70
520.23
Ordinary
$10 20
$13.50
Arrives
Balls
Corporation (Catanial Registory
In 1953, the U.S. turned out 101.3 mution metric tons of
of the Destisit Borneo icet, more than half world production (excluding Syndiente USSR and China) of 184 million dated
dom necounted for over 3 per cent of this world output, Crude steel production in the Soviet Union was estimated at 38 million tons, slightly more than double the prewar output.
Sicel consumption in many of the less developed countries of Africa
slightly and Asin was lower in 1953 than in 1862, but it was still considerably higher than the prewar average. For example, the survey noted that steel consumption in 1953 was love times granter in British East
Africa. United Press.
New York Sugar Market
Malayan Breweries Baffles Totel Sinmpure Cold Storage South British Insurance Stralis Trading Straits Steanship United
Engineers
Issue Werns Brothers Hongkong Tin Petaling TiAR
"with div.
-China Mail Special.
London Wooltop Marke
122-123
London, Mar. 1. Woodtop market eldfed' endler but steady. Turnover won 71 New York, Mar, 1. Sugar future world No, 4 contracts. closed today
March unchanged to i
May of. 27 General markets, elf hauls, ports:" point higher with sales
July contracts.
September October 'Domestic No. 8 sugar futures December closed point higher with sales of 315 contracts.
January March
May
July
September
Fast regular freight - refrigérator service to Japan, Malaya, Colombo. Bombay, Karachi and Poralan. Gulf. (Subject to inducement for direct cafl Koron)
“STAR ARCTURUS“
Mar. 10 from Singapore,
Mar. 15 for Koba
"STAR BETELGEUSE”
Arrives
Soila
Mar, 17 from Japan,
ham,
27
Yokohama,
Mar. 10 for Singapore, Port Swetten. Madras, Colombo, Bombay, Karachi, Khor- ramshahr, Basrah, Kuwalt & Bahrein,
(LIMITED PASSENGER ACCOMMODATION)
(Accepting cargo for transhipment A Kobe/Pusan and, Kobe/OklaŃwn)
EVERETT STEAMSHIP CORPORATION S/A (tourporated in the, Republic Panama
with Limited Liability).../... Chinazo Department: Telephone 28293. Queen's Building, Telephone 31206.
Pan American Airways
Canade England-unofficial Bwitzerland
Canadian dollar Tale:
Paramount Touré
Spot:
Phil Potroleuma Pittsburgh Plate Glass
closo
May' June April/June New York, Mar, 1.
$1,00-31/32 July/Sept.
Ort./Dec. 2.01-2.09 23331
hellers 1.01-1
Mar. May Estate crepe thick
thin
20-201 20-20P 21%
2715
high
low Future:
1.00-29/32 1.09-31/32
AMSTERDAM
90-day
G-menih
No. 1 rubber
London Foreign
No. 3 Hibber No. No, crope
tubber
Uisited Press, Miy
Exchange
per in, foù Cabaj
Exchange Rates coma
New York, Mar. 1. Wooltops, closed today in conta për.lb, de follows:::
F.O. Box 69::: Quem
FAST PASSENGER/
[GHT VICE
VIETNAM
Finclair O ....
Bodony VacUURT
Southern Badway (Com.)
Humdard Brands ......
of
Badona nowsupes con- stantly
that building Standard Oa of Califórtila
of the Holy Standard Out of indianm the Catfiedraf Family (Catedral de la Sagrada Statard Oft of New Joney
Stokday-Van_Comp. Famiin) bogun 72 years ago butebaker-Packard, Corp. Barcelona a extrovarast sachlicet-wift & Co. grónhis, - Antonio Chaud, should Texas Co. be completed.
*** Union Carbida
man Union Pachic Railway ve Hal-anished, is towers stab united Gwe, Imp. toward the sky like corn cops. US. Gypeunt But it needs 000 diffon Lane Cov peratas (HK$180,000,00031018. gubber
| Unlock Wites Anh this fantastid vastructure uparated fr and not everyone; in Barcelona Nainer. Bros.. belloves that it merite - mich, Westinghouse Electric
Vi-Waalworth. exponak-Chirm Mall Spanlades
1.00-31/32 1.01-3/32- 100-24/32 1.00-31/33 The market was quiet, Prices Mixed dealings between trade 1.00-23/23 1.00431/33 closed today in Ruilders per interests provided most of the United Press. kilogram, CIF, March as follows: detivities In both contracts.
Futures:
2.60 'nom.
258 nam, Contract No. 4 (world)
23 nom. March
Spot
United Prom.
New York Wooltop MESSAGERIES MARITIMES
Market
DONAI ANADYR