J
Alcohol, Depressant Not Stimulant
London, Mar. 27.
Most of the ideas we have about alcohol and its effect on the human body are in- accurate. A
These are .some of the startling new findings of re- searchers:
Alcohol is not a stimulant. It is the opposite-a depressant druk.
I does not damage, direct- ly, internal body cells.
te
A regular drinker does not have a greater tolerance alcohol than a nen-drinker.
Neither exercise, coffee`nor ether drugs can speed up the sobering process.
Drunkenness, or sobriety:
depend wholly on the ratio of alcohol to blood volume present
in the blood stream..
Why has alcohol the reputa- tion of being a stimulant, if it. is "not?
THE ANSWER
most
THE CHINA MAIL, MONDAY, MARCH 28, 1955.
TRADE
and
COMMERCE SECTION
TREASURY TELLS NATION Uncertainty Kept
Chancellor's Actions Explained In
Bulletin For Industry
From Ronald Boxall
London, Mar. 27.
Strict measures taken recently by the Government to curb spending were the first hint many people had that British But except for the vague economy was running into trouble. talk about a worsening balance of payments it was not officially central nervous system, terding explained at the time what exactly had gone wrong.
The answer is that persons, when sober, do not behave in an uninhibited way, Alcohol gradually paralyses the
to afect first the outer layers
of the brain, which act as our social and moral "watchdogs' "The effect is to release tendea¬" cies to behave in un inhibited fashion. On the surface, such behaviour appears to be that of a stimulated person.
As more "alcohol is taken, deeper brain areas are put out of order. After inhibitions go muscular controls speech, walking, ability. to react to trafe signals, and so on. Even-i tually, if the deepest centres of the brain, can be paralysed, the heart and breathing stop and
drinker dies.
the
the
Physicians now believe
worst
that
damage is done to the drinker as a total person rather than to his brain cells, or heart or lungs. Alcohol in concentrations below 15 per cent does not seen to injure individual cells, and only those of the mouth,
and throat stomach are exposed to it in such concentration. In fact, death
a
Even the experts - were little bewildered at the suddenness of the change from "prosperity without inflation"! to a situation in which it became necessary to raise the bank rate twice within a month, reimpose restrictions on purchase deals and authorise the Bank of England to take special measures in defence of sterling,
NEW YORK
STOCK
MARKET
By Elmer Walzer
New York, Mar. 27. Stocks took off for the amoon when the Fulbright Committee ended its first public hearings on the stock market last week.
follows commonly blood-alcohol level of six to seven-tenths of one per cent.
Why, then do some persons become noticeably drunk on Don' от Two drinks, while
others. confirmed and steady drinkers, "behave quite normally and acceptably after ahal dozen whiskies?
The list all but achieved near bull market, highs and nearly duplicated the wide gains of the week ended Mar. 4. That was the day the market set new tops, Then it fell sharply and rallied again, with the uptura gaining in scope in the past week. The market rose each day
when except Monday prodi-taking developed It was restrained on Friday by the usual weekend operations,
.
BIG DAY
some
Wednesday, was the big day, In that session the industrial average soared 6.40 points, its second best gain of 1954. Smaller gains were achieved in the other sessions.
hire
Her exports showed no change in value in the final quarter of 1954 3 compared "with the same period in 1953, but those of her chief competitors Ger- marry, the United States and Japan in higher.
Now the Treasury has taker. the "nation into its confidence and explained just where the chief sources of danger lie. As was to be expected, overseas trade heads the list. 'Britain's imports have risen much faster than she has been able to
and the crease her exports trade "gap" has widened alarmingly.
Secondly, industry's demand for steel has outstripped the in- crease in production in this most important of all materials ane
to Britain has been compelled import more steel to All the gap.
SIGNS OF STRAIN
Thirdly, ominous signs strain have
appeared in manpower position.
These three factors in present
of the
the
were all substantially
Further trade liberalisation (the Bulletin was written be- tore Australia announced big new cuts in, her import pro- gramme) and higher incomes in primary producing countries should increase opportunities to expand
Says exports,
the Treasury. The key question for British Industry in 1955, it adds, is how far and how fast it can take advantage of them.
Turning to the steel situation the Treasury's Bulletin points cut while output rose by five per year industrial produc- cent last inflationary situation tion, particularly in the sections are analysed in the Treasury's using steel, accounted for 20 per Bulletin for Industry,
cent of the total supplies and Between October 1984 and the direct exports of iron and steel end of February imports
absorbed another 15 per cent £160 milion or 12 per cent Thus the export trade depends this key compared
red with the same period very heavily
--
TOSE
material.
TIO
a year earlier. Exports on
her
increased hand
only
CAPACITY ADEQUATE 229 million or two and half per cont. As a result the trade -n most sectors of the indus "gap"-difference between -in-try, says the Treasury, capacity ports and exports-increased by last year was adequate to meet £181 million or 69 per cent. the extra demands and total
steel exports were
much less More than half the increase than in 1953. But this is
longer the
There is a by foodstuffs, Tea was the big-growing gap
between
output gest item in this all of the and demand for several types of increase being due to higher steel and this is likely to mean prices. And more foreign grain was needed to make up for the poor harvest at home.
in imports was accounted
"ONE EXPLANATION
One explanation les in the fact that the steady drinker has learned to - adjust, to the quantity of alcohol in his blood. The regular drinker is like the sailor who can walk a pitching cock on which the landlubber cannot remain upright. Whether accustomed to alcohol or not, Do men of the same size who drink the SITRA
amount will have the same proportion of alcohol in their blood and will be equally intoxicated.
that black It is not true coffee, a cold shower or strenuante
hasten activity will
sobering. Sobriety
only comes
with chemical destruction of alcohol in the body, and this process
uniform proceeds at a fairly
This was drinker the pace whether
or issues. Anything with an atom asleep or awake, active
items. "remedies" will smell rose sharply. There were passive.
The wake him up, the biochemists good gains, too, in eletronics point out, but he is really still issues. Then the trading spread just as intoxicated as his blood-to metals, steels, motors, and alcohol level says he is..
finally to rails.
after
For the week, the industrial average. gained 19.02 · points: railroad, 3.82 points and utility, 52 cents.
for
The rest of the increase was to feed Britain's thriving in paper and coal were
the big
case.
ΠΟ
a fresh rise in imports this year.
new
HONGKONG No Increase In
STOCK EXCHANGE
(From Our Correspondent)
Business done
the Hongkong Stock Exchange this morging amounted to $162,440. Noon
and quotations morning's transactionss SHARES DUTIES SELLERS BALES
the
BANKS
HK Bank... 1560
INSURANCES
Lombard
Underwriters 20.20
SHIPPING
Asla Nay . 752.
DOCKS. ETC.
K. Whart... Dock XD
Provident (0)
XALL
65
24.70
12.30
Waerlock.. 3.10 7.5
LAND, ETC. HK Hotel
16.70 17.10 230 Land XD #43
700 Shai Land82c. Humphreys
21.80
Realty 1.371 2.031%
UTILITIES
Tram XD!.. Ymall Ferry
XALL
r
20 20
114
C. Light (0) 17.10 17 90 100 17.80 500 € 17.30 Light (7) 13.50 14.20 Bactric
30 3935 1200 @ 251%
-31
Cotton Acreage
Washington, Mar, 27. The Senate Pwversed li- self East Saturday and killed a bill to Incren.se cutton Bereage after grain. state Senators salded provision, that also would kaye raised wheat nereage allotmerta.
In its final form the bill would have Increased
ention' and wheat nereage by "1 per cent of the 1955
acreage allotment for each producing state.
I
bitrejected
the whole.
Defeat of the bill all but ended hopes of cotion state Senators to ret increased acreage for: smiler allot- menta
Backery
of the measure doubted that Kuy other legislation could be adopted la tine to affect this year's spring planting. --- United Fres
France Will
Tell OEEC
Paris, Mar. 27. France is to take the official 26.70 step of notifying OEEC on April 26.60 1, of the raising of her import 300 28.70 liberalisation to 75
pět cent from. 65 per cert, the French Finance Ministry announces.
iphone
INDUSTRIALS
Cement
XALL
.
2015 20.50 500
250
Rope
STORES, ETC..
Day
17.70
2730
20.70
L. Crawford
NOTTONS.
Textile Corp
Allia
London Markets
In Cautious Mood
From Our Own Correspondent
London, Mar. 28,- The London Stock Exchange was in another of its cautious moods last week.
:
Nothing actually happened that could be said to have put prices either up, or down; but certain things that might happen kept the main body of investors out of the markets. And with activity. down to a minimum price movements in each direction tended to be exaggerated.
Reports that Sir Winston week showing a large surplus Churchill will shortly hand of revenue- over expenditure over the Premiership to Sir with a still larger surplus im Anthony Eden have not been prospect for next year even if denied and chances of an early taxation is left unchanged. election are now rated high. But few investors arc pre- Party split pared to back this theory with With the Labour
on
The the money.. Bevan issue few people still inflationary medicines adminis
believe in the tered by the Chancellor a few
with
from top to bottom
of
Socialis! must
various
dis-
weeks ago have only just begun victory; but investors
to do their work and there is take
even the most unlikely now a contingency into consideration.
effect rowing fear that their will be cancelled by Of mor
Port-additional Immediate more
import-
spending power ance to the market wis the generated by recent large wage anncuncement that Australia awards. In any case it is u was to cut her imports and the likely that the Chancellor growing pessiinism about Bud- would risk undermining his get prospects.">
present policy by introducing an inflationary Budget
MAY TRIM EXPORTS
These various cases of 1371- their part
The Australian import cuts certainty all played
as 30
to:
Fred and industrials
first
hair
may trim British exports
tall of prices in both market by this important
or 40 million much pounds, and the bulk of this The Financial Times Industrial of last week. css wil fall en the textile and shore index dropped 5.7 to motor industries. Shares in 177.4 in the Arst two days and both these sections were sharp losses were recorded marked down on the news, but
among Government stocks with motor shares improved later in War Loan 31⁄2 per cent down The 75 per cent rate was un- the belier that
Industry 303. officially instituted last January would be able to cfset the loss
the
BEAR COVERING
their
to other Bear by the addition of 300 items toby raising experts
covering helped the markets. the liberalisation list. The new
subsequent rally. Prices finished Textiles are not so happily above 1000 0.10 List was not submitted to the placed, however. The industry is stocks and shares lost ground worst, but most
OBEC at that time.
0.10
MISCELLANEOUS
Yorgisze ... 8.10
4.80
U.S. RAW COTTON EXPORTS
..
New York, Mar. 27. Raw collon exports by destination as reported in bales by the New York Cotton Ex- change for the 1954-55 season to Mar. 22 were as follows:- Britain Continent
Orlest Canada
Total for wo
T318 1.363,812
191,295
Same period last year
excluding intera-United Press.
Tung oil
US TUNG OIL IMPORTS
Washington, Mar. 27.
imports into, the
euffering from shrinking expart on balance War Loan 32 per markets on the one hand w
cent was is 6d lower at £85 It is believed the official list increas
increasing competition from and losses among industrials may include sane elterations to imported cloth on
other and
about ranged to the tentative January schedule Australian cuts are a further Oils followed the trend of the one shilling. and will not include textiles, severe blow and will no doubt industrial share market and China Mail Special.
Pan American Middle East Air Holding
Washington, Mar. 27. Pan American World Airways announced that it has linquished its 36 per cent interest in Middle East Airlines to Saeb Bey Salaam of the Lebanon
N
On the manpower position the United States in 1954 increased It said that Saeb Bey. Salaam
risen to a Treasury says employment has to 18.239 short tons, the largest is the principal stockholder of short-time working in manu
1850, Middle East Airlines, as well as record level,quantity purchased since
the last year of large imports its President. Officials of the from China, the Agriculture Line `said that their relations and vacancies casily cutnumber
United Press. unemployed-in some districts by
tinue as before.-United Press. as much as five to one..
a work of atomic dustries. Wood pulp... copper, facturing industries is negligible Department reported today, with Middle East Line will con-
But not all of the highe: imports bill was due to heavier purchases. Increase in prices played its part too.
ADDS £200 MILLION
annual
manu-
further
There will be some increase in the working popula- tion this year, but the rise will What does the body do to
.Sorne of the oils had good
not be as big as last year when alcohol? After we drink some
350,000 new workers joined the advances Building issues alcohol, a small amount passe3
moved up. Shipbuilding stocks Import prices were six per labour force. Nor is there likely directly from the stomach" into
| were active and strong. Glass the blood stream. Most of it shares came to life late in the
cent higher in January than a to be my
in sharp increase year earlier and a rise of this working hours. however, cnters the blood stream from the small intestine Weck and recorded wide gain. order, other things being equal,
adds £200
million
Further increases in produc- to the passage through the.
The upturn reflected relief nation's
must import bill. tion, says the Treasury, stomach. Food already in the
over the end of the hearings on There was a marked rise in the put per man-hour.
therefore come from higher out- stomach, or food taken with the the market, statements that no alcohol,
down its absorp slow's
price of foodstuffs; and Dew market legislations Lion This explains why a
is factured goods, basic materials single cocktail
needed, and highly favourable and fuel all cost more... an empty
business news, stomach gives more "kick" than
Higher import prices have two or
three
drinks after a full CHRYSLER SPURTS had an immediate effect on the Beer and wine, which
but in- balance of payments; food elements Individual shares, responded directly.
vigorously to news items about United Kingdom. Other sing
they can help their companies,
countries which supply a large of the world's Chrysler
spurted when its part finar.cial
materials stand to gain and this Vice-President said benefits the gold reserves. And qurnings in January and Februin the leng run
higher prices ary exceeded all of 1954. The mean bigger incomes in primary. Issue closed the week with a gain a nearly 5 points.
producing countries which thus have more to spend on imports, General Motors was up more
on
in certain
solids, raise the blood-alcohol level more slowly than brandy, rum, whisky, other distilled drinks.
IN BLOOD STREAM -
от
One in the blood stream, alcohol quickly enters all the other body Liquids. Since .90
per cent of the blood is water than a point. Automobile out cluding those from Britain.
tisques
#
Last year two-thirds of the six per cent increase in indus- trial production came about through a rise in productivity. I this four per cent annual addition to output the
per man hour can be maintained there is
no need to be too gloomy about Britain's economic prospects.
The
AUSTRALIA AND
US TO PROMOTE
JOINT VENTURES
Washington, Mar. 27.
The United States and Australia have entered a new agreement to promote joint business ventures, it was announced here today.
ministration (FOA), announced enlisted the aid of chambers of The Foreign Operations Ad-consular offices, the FOA has
[extension of its contact clearing commerce in six Australian house service to Australia. This states to serve as volunteer field FOA servire
encourages the counsellors.
abread
Bank Of France Dow of American Caraminating Statement
Frate
by gathering and
The FOA said: “ “Australia's investment proposals.”
economy. is developing over a Once the contact
(between wide range of industries in keep- Paris, Mar. 27. United States and The Bank of France state-
foreign ing with her rapidly increasing businessmen) while water makes up only 70
been- put broke all records for the Britain cannot take advant-meat for the week ended March
epopulation, and her status" as tablished FOA withdraws," the important new continent.? per cent of the body as a week and indications were the age of this unless her exports 17, rends as follows! whole, the concentration
announcement said. O færst quarter production Agure are competitive. In an attempt
The Australian Government is would set
“It alcohol in body
a new record. The to keep them so prices have Total gold holding... 201 201501, into the affairs of private ako plamed a special exhibit
makes no Investigation generally only about three rumour that the group was been held stable over the past Total other currencies 11,601,177,641 businessmen, nor does it inter- entitled US capital participa fourths
as high as it is in the about to engage in production of year-but still Britain is losing Sight Dance abroad
between tion in Australia" which opened in XPU blood. It is converted into nuclear power equipment was ground to other countries.
75/232,233,018 vene in negotiations Advanced to Cury.
them."
et Rockefeller Centre, New York, energy and, in the end into strong
Stable. Fund
18Z 600,000 400
CO-OPERATION
on March 23. Some 22 US cor." Total bis discounted: 1,191,077,354,897 Bazár note in struido-
La co-operation with the porations with investoients in 4ion
Government ********* 2,194,674,407,535 | Australien
and Australia participated United Current CDUSE, ANG
United States diplomatie and ( Press. deposts
112,335.401.707 Unitod Pres
carbon choodide and water at the
Combustion Engineering gain-
rate of about three-eighths ofed, 144 points; Babcocks and
and Worth- Singapore Rubber
an ounce per hour in an aver-Wilcox, 17 points, age man. Thus, a person toho ington Corp., 62. drank exactly that amount each
the electronics
group, hour would never become drunkc
Stromberg Carison rose 731⁄2 and except perhaps by suggestion Zenith 11 points-United derpite the fact that he would
Press consume eight ounces of rum or of alcohol ----equivalent of a pint whisky-in 20 hours.
One bit of alcohol folidiore. confirmed by scientists is that "ThanYLING DI SDarkling wine "goes to one's hear" faster than other alcoholic beverages, The reason: the gas dissolved in the bubbling wine is released In the stomach, and fa pressure forces alcohol more quickly into the blood sVADANL
Market
Singapore, Mar 27. The Bank Of England
The rubber market ruled quiet last Saturday and prices steadied toward the close,
Exchange Rates Futures
Statoess was done in the local Lofficial exchange. market. This, morning at Kue following rates 17.5, dollar (per $13 Sterling note (per_21) Indonesian rupiah (per 100). -Glam: 11cals (per 100)
Singapore (Straits) Indo China- plastres (per, 100). 920
Statement
MESSAGERIES ·MaritimeS
P.O. Box 33 Queen's Building Tel: 28851-
FAST PASSENGER/FREIGHT SERVICE
Apri
May
June
London, Mar. 28. The Bank of England state- __rubbor per- Thment for the week ended March
"B07-991","23, Fende as follows.
unquoted Note is cireslation 105 21,183,270,442
Public deposita 6-
"CAMBODGE"
ailing sailing May 20th
335,206 325.
Government securities
FAST FREIGHT SERVICE
Receipts
Xatto
4150730MINAM
Bailing Apr. 21st
No. 2 rubber per Ib. April No. 3 rubber ber 15, April 15.42 No. 4 rbber per lb. Apr. 1420 Spot rubber unkaled 27.00 Blanket crepe.
200 No. 1 crepa pala
6514-81% -86-95. United Fress
the
hasten Government action prevent depression in the in- dusUDGET INFLUENCE
to prices ended generally lower, with British Petrol down 26 Bá 10 72
729 and Shell is ht 127s 6d,
Coppers were firm on
to
the 12-
wecks away, has, of course, a higher metal price which
The Budget, now only three
Its
major influence on the market. selved further boost
outcome is more uncertain Friday on news of the strike than even this year, The in Chile. Nchangs were 198 optimists who are hoping for 3d better at
£13 25 ва and
tex reductions argue that as Rhodesian
Anglo - American it will probably be the last were up 45 10
995 Budget before 3 general South African
gold shares election it will be a "popular" rallied after midweek helped one.
by the good Anglo-American This theory is bolstered by dividend and proits, but turned. the Zact thel the
present easier on Friday following the nancial year will end this South African Budget.
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