NZ COPIES
SCOTLAND YARD
Wellington, July 5.
New Zealand's police force is being reorganised on the lines of Britain's Scotland Yard following the appoint- ment of Mr S. T. Barnett as Controller General,
The new chief, who is 53 years
of age, has long been regarded as one of th. mast capable in uri the Government'
and he has bett Mayrell called in before by Govern- ments of the day to take Up eppointments when the
position
could have been "diflicult."
As Controller Gerieral he will have completa administrative control, but will remain outside the Jorce.
civilian
His is clothes job. His
assistant, career palceman, will be in charge of all crime detection
normal police work.
und
As Secrotary of Justice and the Controller of Prisers over
few years he will held. past
the these positions as well as police appointment-Mr Barneli has institutes many reforms in both departments.
ha
The circumstances takes cffice are
Jar
easy
of
which from
A 13-month commission tire which investigated inquiry allegations of corruption against members of the
had dis- forcz. turbe both
members of the force and the public at large. and the events leading up to his appointment touched it one of Zealand the most biller New political controversies in recent
years.
Allegations
Allegations, ugairist
members
of the force ranged from tele- phone tapping Lo receiving "hush mor.cy" trombook- makers, but
the "Commission
found the charges not proven.
The police commissioner, Mr
E.
المقال
HO
H. Compton, "voluntarily resigned in certain conditions hause he felt he longer exert his authority. Two of the conditions agreed to by he the Government were that should be paid a lump sum of £6,000
and as compensation. superannuation uf just -over
£800 a yout
Both payments were rigorous”.
เค a pretracted
ly attacked
debate in the House of Repre- sentatives.
Members of the police force, Association through the Petice
and
Police Guild, would have liked to see a man from Inside the force in charge of it, bul they
have"
expressad their
loyalty to their new chief.
THE CHINA MAIL, WEDNESDAY, JULY 6, 1955.
TRADE
SECTION and COMMERCE
African invasion of the US coffee Export Of Italian
NEW YORK Market
STOCK MARKET
ಕ.
New York, July 5. Stocks added more than to valuation $1,000,000,000 today under leadership of top grade issues-Du Pont, General Motors, the steels. Industrials once again set new peak in their average, with a gain of more than 5 points. utilities followed Rails and along but at a slower pace.
13 Du Pont soared, more than points at its high ord held al- most 11 points of its rise for cumulativo six-session gain of nearly 30 points, achieved to the accompaniment of stock split rumours,
General Motors, in which Du Pont is the major shareholder, climbed almost 4 points to the tune of stock dividend talk.
atcols their labour problems ironed out and price increases about 10 ED into effect-had kains ranging around 2 points in US Steel and Bethlehem.
of more
There were numerous strong spots in the non-ferrous metals, Reynolds stood out with a gain than 3. Aluminium, Alcoa, American Smelting, Kennecott Copper Anaconda, added around a point to nearly 2 points.
Mensanto moved up sharply
in the chemicals with a gain of nearly 7. Gains in rails were mostly of the fractional variety. New York Stock Exchange tond volume was $3,980,000.
Stock American
Exchange. volume was 830,000 shares, 1 CLOSING PRICES Acy. Aklen Ins.
Allied Mills ins.
HONGKONG
may slacken Smaller Export
STOCK Surplus Reported
EXCHANGE
(From Our Correspondent)
Steck
Business done on the Hongkong Exchange this morning amounted to $1.518.638.40. Neon quotations and the morning's transactions:
SHARES DUYERS SELLERS SALES GOVT. LOANS
34 (194)..
8030 ( 04 BANKS
HK Bank East Asia INSURANCES
Union Lombard
SHIPPING
Asta' N3v
DOCKS, ETC.
K. Whart Dock
1700
000
331
13: 13
30.80 27.30
Provident +0}_142 S'hat Dock Wheelock
LAND, ETC. HK Hotel
Washington, July 5.
The African invasion of the United States coffee market, which has worried Latin American producers since the Second World War, may slacken its pace in the next market year, trade experts said today.
Their opinion was based on reports of smaller African exportable surplus and the abundance of supplies within the Western hemisphere. At the lower level of current coffee prices, the United 17 States market may be less attractive to the African coffees, which may be sent in large volume to the industrially recovered European countries.
200 34
1000 e 90c
וי
400 1.33
8% 1858500 85%
300-18.00
tamo mp 3.20
IIK Lanet.
17.20 17.40
72 7219
500 17.45 1300 200
Humphreys UTILES
Tram
Star Ferry.. Y mati Furry
330 @ 724 7007
*3.00 24.30
200
131
Light (0) 21.70 21.00 5500
100
US Should
Reduce
Rubber Stockpile
Some of the African colonies shipped here when prices were high to earn dollar exchange.
United States Imports of coffee from the African continent have Increased in each of the last live years, and the annual volume climbed from 109,203,000; pounds in 1950 to 203,401,000 in 1954. Nineteen African coun- tries or colonies shipped coffee to the United States last year.
EXPORT ESTIMATE
The Foreign Agriculture Ser- vice estimated yesterday that Akron, Ohio, July 5, the African exportable coffee A top rubber industry spokes-production in the 1955-56 coffee 1730 man urged the government to- day to reduce the taxpayers" burden by selling at least 300,000 tons from its crude rubber | stockpile.
Telephone 349 351, 1335
Allied Chemicals
115
C. Laht NL7.30 2833 4214 1211⁄2 5500 Filetirle Macao Elect
1990
302
Allis Chalmers
INDUSTRIALS
American Airline
Cement
American Cyanamide Co.
STORES, ETC.
An. Mach & dry.
Darry
American Metal
3230 3000 33
23 23.20 1550 - 23
American Smetting
Am. Sucar Rei. American Tel & Ti
Watson....
14.30 14'
183
L. Crawford
"B
XO..
30
American Tob
Anaconda Copper Armco Steel
Armour
Baldwin-Lima-Ham
Baltimore & Ohlo
Bendix Aviation Corp.
ser-
Since joining the public Vice straight from secondary
school in 1918, MF Barnett has
the becoming advanced to
соцп- try's lead
leading administrator.
In his spare time he studied
and graduated from Canter-
bury started
University College..
He started with
the Lands
Jater
and Survey Department, became its first solicitor and later still its director. He was then called on to become assist- ant Director of Education.
Shown Flair
Throughout his career he has shown. a flair for handling ikfagült situations and for initia– ting new. ideas in his depart- mer.ts. A general everhaul of the police force is already prespect although he has been. on the job for only a few weeks,
When more
used in
in
more methods modern arime_detection are in- troduced, Mr Barnett will have the Prime Minister, Mr Sidney Holland.
a staunch ally in
of Commonwealth Prime
While overseas for the me of
ters earlier this year, Mr Hel- land inspected the methods
of
Benguet Cons.
Bethlehem Steel
Boeing Airplane
Burden (The) Co.
Burroughs Acd Machine
Canadian Pacte R.,
Case (J. 1.) Co
C.
I. T. Financial Corp Cat. Tractor
Celanese Card
Chase Manhat. Bank
Chile Copper
Chrysler Mous
Corn Products
Curtis Wright
COTTONS ...
Textile Corp 3.60 Nunyany MISCELLANEOUS
נג
At present market prices, he 2855 23.10 added, the Government would
get a relen of $165,000,000.
400 i 30 800 639%
1000 or 5.35 7.3 7.70 2300 7.70
7.05 1.15 3000 kg 7.19 Allied .... 92 5.60 100 51⁄2
Yangsze
Singapore
Mr John L. Coilyer, Chairman of B.F. Goodrich Co., said in a letter to Defence Mobiliser Mr Arthur S. Fleming that 900,000, tons of crude rubber would be adequate for waging a five-year all-out war.
war
"Whether
an all-out Tought with today's weapons could last as long as five years may be questioned," Mr Collyer asserted.
Stock Market rid
Singapore, July 6. Brokers today quoted following stock prices:
the
Colgate-Palmotive Co.
Chunmercial Credit
Commonwealų Elec.
Consolidated Edison
Continental Steel
Opening Eat Lintang Rubber Co. Ltd. $1.55 British Borneo Petroleum
Syralkate
363
Crown Zellerbac
Cuban Amer. Sugar
15%
Contentdated Tin Smelters
Ord.
207
Diamond Alkali
4515
Fraser & Neave Ltd. Ond,
$1.70
Low Chemical Dupont de Nemours
Fraser & Neave Lid Ord
58
cum. pref.
243
Hmgkeng & Shanghai Bank
Eastman Kodak
BO
El Paso National Gas
ing Comp.
$940
Erle Railroad ..
24
Honkon T
Family Finance Corp.
Kempas
Lunas Rubber Extries
General Electric
233%
Maloyan Breweries
General Foods
83
General Motors
113
Gen. Pub, Bul
362
Gillette Safety Razor
Glidden Co.
Goodrich B. F. Có. Goodyear Tro ileyden Chemical Horstake Mining Co. Ingersoll-Rand Inland Steel Co.
Interchemies) Corp." Int'l Business Machines Int'l Harvester
crime detection and gercral organisation Yard and
used by Scotland International Nickel
and also by the New York Police Department.
In the Arst days of the new set-up. for the New
Zealand force, a new system of criminal index was introduced.
or
Based
International_Paper
Int'l Tel & Tei
John Manville Co.
Kansas C. Power & ghi
Kennecott Copper. Liggett Meyers Tab. Co. Lockheed Algcraft
New Serandah Rubber
Ltd.
Petaling Tin Ltd.
714 Rames Hotel
40
Singapore Cold
07 South British
Stage
star Co.
Ltd.
Struts Trading
302
Stralis Steamship
$14.5 $11.00
Loews Incorp. Lone Star Cement Co. Louisville & Nashville . Lawenstein & Sone.
is
8614
11.3
15433
8115
Yard fling the Scotland system, the new index, which covers the whole
country, based at Police Headquarters in Wellington, the country's capital. Among early preblims facing Mr Barnett are the need for a recruiting programme to bring the strength of the force up 2,000-1 present it is about 400 short of the target; an exchange system whereby New Zealanders can have specialised training overseas, and the setting up c
a police cadet corps,
⚫ Visitors
Mr Barnett believes that visits by overseas experts can also step up efficiency throughout the force. One of his first visitors was Sir Harold Scott, head
Minnesota Mening Mission Development Monsunda Chemical Co. Montgomery Ward National Cagi Reg. "A" National Dairy Prod. National Distillers National Lead........ National Steel Corp. New York Central Olla Mathieson Oils Elevators Owen-Illinois Glass Picine Gas & Elec: Pacific Westem Oi
43
United Engineers Ord
Weare Bros.
ad-China. Mail Special.
New York Sugar Market
New York, July 5. World No. 4 sugar futures to day closed one to three points higher with sales of 38 contracts. Domestic No. @ sugar futures closed unchanged to two points
with higher
sales of 26 tracts.
Strength in world futures re-
quotas by
A
year will be 6000,000 bags, a decline of 3 per cent from the 1954-55 estimate of 6.200,000 bags.
N
This was, the second indication that the African coffee output might not expand indefinitely. us an earlier report hed in- dicated-United Press.
World Cotton
Markets
New York, July 5, Cotton futures moved irre- He estimated that approx-gularly lower in quiet dealings mately 1,300,000 tons of crude today, rubber now are held in the Government stockpile and private hands-United Press.
Russian Gold
Entering Britain
General Motors
tion
Stock Split
it
New York, July 5. General Motors Corpora-
today, announced will split its common stock on a three-for-one basis.
Stockholders will be ask- ed to
ve the split at approve
meeting set for
special in Wilming September
ton, Delaware. The stock- holders of record August 8 will be permited to vote on the proposal
он
Ai the
present
time Motors
has General sutharlaed common slocks. totalling 150.000,000 shares. Outstanding common stocks total
88,513,817 shares..
three-for-one *
Alter
#plis the authorised shares would jump to 450,000,000 and the outstanding to -265,541,451 shares, more than any United States company--United Press.
World Rubber Markets
New York, July 5. Rubber futures today closed | 95 to 210 points higher with sales of 228 contracts.
Strength in fatures reflected sharp advances in London and Singapore.
Buying on the exchange was
be said
speculative with physical offerings lacking. There was no consumer buying.
In the spot market, No. I Rss were quoted up around 2% centy at 394 Futures:
July
Sept
Dec.
Mar.
May
July
cenis
LONDON
was quiet
The market
33.85
Silk Threatened
Washington, July 5.
The Washington Post deplored in an editorial today an amendment to the Defence Appropris. tions Bill as passed by Congress that will prevent imports of silk for cartridge cloth.
"The architects of our inter- national trade policy have good reason to be furious over the slik
amendment embargoed that was sneaked into the De- tence Appropriations Bill Anally sent to the White House
the Post said
The
amend orbids the Defemen
Department to go abroad
any spun silk yarn for cartridge cloth. The effect will be to cut off imports from Italy valued at about a million dollars
a year, thus reducing Italy's dol- lar earnings that could be used for the purchase of American machinery and other exports.
More serious is the fact special
zestrictions of this sort tend to
make hash of the United States efforts to liberalise foreign trade."
Restriction
Maintained On Scrap
· Washington, July 5. The Commerce Department said today that present export restrictions on iron and steel
p will continue unchanged for the next three months "unill further notice,
The Department has been considering tightening export "President Eisenhower would restrictions on scrap, essential to doubtless veto the item if it steel production, because of in- were a separate bill. It is ob-creases since last winter in both vious that he cannot reject the domestic and foreign demand, entire defence appropriations measure because of this joker in it."--United Press.
London Stock Market
London, July 5. Stocks edged higher in active trading on the London Exchange
today.
The Department Said that scrap licensed for export abroad totalle 1,205,536 short tons Buring the second quarter of the year compared to 1,494,915 tons in the first quarter.
The
Department estimated that actual shipment of scrap abroad totalled" 1,180,000: short tors between April 1 and June 15 as compared to 1,032,208 tons. excluding in the Arst quarter, shipments to Canada-United Fress.
Good earnings reports and NEW YORK METAL dividend declaration again aided.
*FUTURES market sentiment.
New York, July 5,
Prices of metal futures closed
in Old Corsols and War Loans) today in cents per lb. as follows.
pound,
British
Government bonds
39.35
were strong. Institutional buy- ing lifted gilts as much as £%
37.85-70
30.40
35.35
were up around £4.
Lead
July
Leading industrials also tacked
Aug.
14335
Til
July
on numerous fractional gains.
Royal Dutch climbed £4 to a
Aug.
Zinc
July
23.005
11.70%
with near peak of £56. Other oil
Ang.
Copper July
Aug.
14.45
spot clasing at 38% pence per shares were strong. Coppers
b. Prices:
Settlement house term:
AUS.
37-37
Sept.
Oct/Dec.
33-2
Jan./Mar
Apr./June
Cenera markele, cil basis, ports:
tuity
Aug
Sept,
3414- unguoted
Estate crepe thick July 35% Thi
26
Singapore and Amsterdam rubber prices were unavailable.
At the close, prices ruled five-United Press. points higher to six points lower. Oputed 20 points higher to 2 lower. New Orleans closed one higher to six lower.
Prices epized mostly higher as trade buying nearby July strengthened the balance of the list and encountered selling by Liverpool straddlers.
The remainder of the list cased
Chicago Grain
Market
Chicago, July 6. Buying in most grain futures gained momentum on the Board the of Trade today and put Nearby July opened $1 a bale"prices on firm ground. higher, but no follow-through in Most wheat futures. rallied demand dropped it back to its tractions above the previous previous clasing level after the close with covering based on first half hour. It held steady the expectations of increased flour rest of the day.
business soon. Buying also was stimulated by the ability of the large markets to absorb a amount of hedges. Receipts of considerably. wheat picked up at terminal markets today.
Farmurable weather was re most of the grain ported over belt. Wheat closed up 15% to off cents; soyabeans (new) up CHICAGO GRAIN PRICES - cotton in the terests in the Exchange today 4 to 4 cent.-United Press. sterling area and they needed were;
Prices per bushel in cents:
Closing pricon pounds to pay.
Volume Oven interest Wheat No. 2, red
London, July 5. More than $5,600,000 (£2,000,000) of Russian gold entered Britain in the first three after the opening in light liquida- months of 1955, the Govention and held that way through- out the afternoon in destes men: disclosed today,
ket,
Many traders held to the side,
ders held to the side lines await the Government's acreage report on Friday.
It gave no reason for the heavy flow during the first quarter, Trade sources said, however, the Soviets had been buying heavily Trading volumes and open in- in rubber and
42flected a five per cent, cut la Consumer goods orders placed Decem 22 world expont
thehere earlier have mostly been 773ational sugar, council
more active demand for world maintained despite a furry this raws also was a supporting in-spring over Moscow's cancella tion, attempts, The majority of fluence.
were retained, as follows: the contracts however, after negotiations. Spot United Press,
Arm-Unked Press
EVERETTE
LINES
EVERETT ORIENT LINE
Tait Regular Freight Refrigurator "Passenger · Service Leading for Singapore, Pemant, Rangoon, "Calentix and Chittagong.
*DRADEVERETT"
"LINEVERETTM"
"NEBEVERETT“
"NOREVERETT"
Arr. July 33 Sail July 16
Aug. 1 -- Sept. 3 Sept. 19
Loading for Esbe, Osaka, Nagoya, YOKOLEINE
“REBEVEREN
"NOREVERETT"
"BLADEVERETT"
"LENEVERETT“
LAUR
~*~~-Bopt.
2 4
-- Sept. 20
ATI. Aug. --sug. 2
B
Salis. Aug.
-- Aug. 2
-- Sept.
8
***TM Sept,
4
Sept. 14 -- Sept. LIMITED PASSENGER ACCOMMODATION,
All the above mbject to alteration without notice.
EVERETT STAR LINE
FAST REGULAR FREIGHT KEFRIGERATOR JEEVICE..
Loading for Singapore, Fori Swettenham, Madras, Colombo, Bombay, Karachi & Persian Gulf Port. Salla July
16 AT." July "STAR BETRIGEUSE" Di Asg.
Aug. 17 **STAR ARCTURURY
"THAI"
"STAN ALCYONE".
15
16
-- Sept. 9
- Sept. 20
~ Oct.
5.
--Sept 10 -Sept 21 *,,- Oct.
Salis July 19
Afr. July
Loading for Kobe, Omaka, Nagoya, Yokohama.
18
- Aug. 13 - Aug. 14
-------- Aug. 27 -- Sept. #
-- Aug. 25
-- Sept.
- Oct.
4
- Oct..
· LIMITED PASSENGER ACCOMMODATION.
All the above subject to alteration withors notice.
con-
shrunk and ment,
Month July were indications October There also Russia's sterling funds *had December
March needed replenish May
39,000
205.304"
Spot
$86,900
July 1981
7,300
262,400
Sept
19) 1983-15
2009%
2000.
28,400
Dec.
2017
July
13.400
17100
Mar.
■t
October
5,650
May
1901
Bod
8.000
Cam, No. 2
Tot
$10.500
2,182,300 balca
Spot
150
July
*STAK BETELGRUSE”
NEW YORK
Sept.
“STAR ARCTURUSTM
Dec,
THAI
Prices of futures closed today.
Mar.
"STAR ALCYONE"
Fly
Sent
1023%. 1051
34.300.
Cats
24.00
July
31.14
Sept
34.25
Soybeana, No. 2 yellow
34.09-10,
Spot
34.23
Sept
Nor.
32.40
Jan.
Mar.
NEW ORLEANS
Barier
London. July 4,
Prices of futures closed today.
Spot New York Hour 200 b. ack
2.789/18-228 11/16/0s follows:
2.745/15-274 7/18.
Spot
70.8435-10,640
July
139.75-139,75
Oct.
10.251-19.361
Dec.
23.99
34.23
60.00-80.20
Mar
20.01-20.015
May
97814-975-19
July
Oct,
1,0344-11.0076 -United FreM-
Dec.
63%
sei
1221,
Domestic futures held steady.
Futures:
Pan American Airways
193
Paramount Pictures
Contract No. 4 (world)..
41%
344-25
423kxd.
Sept
Oct
March
May
Juv
75%
Sept.
Spot (eente per ib. fab Cuba
Contract No. 6
Aug.
SAB
Sept
3.40
Nov.
March
35ny
ex-duty)
Parke Davis Co. Penny J. C. Co. Per Salt Co. Philip MorrN Philips Petroleum Procter & Gamble Co. tsburgh Plate Glas Puncker. Industries
Radio Corporation
Scotland Yard l his retire Reo Motors
ment 18 months ago.
ship
A Came in 1950
gie Travelling Fellow- allowed awarded the new police chief to study trends in modern penal systems overseas, As & result
many
Republic Steel Reynold■ Metal Shell Out Co. Saint Reg. Paper Sinclair Ol
important changes, until then Standard Brands
not accepted, have been
Secony Vacuun. South Porto Rico Sug Southern Railway (Com.) made Standard Oil of Cai. Standard Off of Ind. Zealand prisen standard Of of NJ. system. The latest is week-end Stokely-Van Camp. and special leave for selected Studebaker-Pickard Corp,
In the New
in
Swift & Co.
prisoners nearing the end of Texas Co.
their sentences..
nde Water Ann, 011 While in Britain Mr Barnett Twenty Century Fox, Film
Union Carbide also studied the organisation of Union Pacife Railway the West Riding Police, which United Adreraft
here as one of the US. Gypam
Rubber
is.
mcst
........
mes clent in the United Us Co Kingdom. He has also been a US. Smelling member of a select "committee US. Stee). of the United Nations, inquiring Warner Bros Into the prevention of crime and West Vay Pup
Westinghouse Electric the punishment of criminals Woolwor China Mall Special.
Paper
101
Spot-(cents per is, eff NY
3.43
Untied Prem
LONDON METAL
PRICES
London, July 5
The tin imarket was steady
but quiet with spot unchanged
London Foreign Exchange
New York
Montreal
Amsterdam Brussels Copenhagen LEOPT Qalo Parts Ftockholm Wed. Marks Zurich
at 128 sterling. Zane was New York Foreign
while lead and copper were idle
and caster. Prices closed today.
180 in sterling per long ton as fot-
2216 Tin spet
4963-month
0734 | Copper aDE
541% 3-month
Leid 1st Half" July
473). Zine 'Tat-half - July
ist hair
Dec.
BAO PAULO.
134-153
$14.700
United Press.
SINO-EGYPTIAN
TRADE
Cairo, July 5.
Several steps are being taken with view to" establishing trade reîntions between : Egyp: Future closing prices, In and mainland China, it was cruzeiros per kilo were as fol-officially disclosed here today.
An Egyp leave
Han economic mission 31.60 Is expected to 31.60. 34.70
·July
Oct.
·Dec.
Mar
May
EVERETT STEAMSHIP CORPORATION SĨA.
(Incorporated in the Republio of Panama "with 'Limited. Liability) Chinese Department: Telephone-28293, Queen's Building, Telephone 31206.
MESSAGERIES MARITIMES
PO Box 53. Queen's Building Tel: 01652/ FAST PASSENGER/FREIGHT. SERVICE.
Exchange Cape Hess York, July
21-273 22 15/16, middling atten de rode 7 RENMIST of
Peking In the near future. At present E 29.70 samples of Chinese products are
“CAMBODG at an being displayed exhibition at the
“buyera.......... sellers
Canada
day futur
90 day
United PRIEKŠS
3
177 5/16-
In the US the average price
278 3/32 signated spol markets was
rvallable, Bales in nine of thear: markels totalled 8:184 bales,
2.BI
3067
United · Presti
The Liverpool prices were imayailable United Press.
exhibitionis
forerunner to a bigger Chinese
The present. exhibition of industry and art-
"DONAT
which will be held in Cairo next "MEINAM” October-France-Presse,
Bailing July 17th Bailing Aug. 18th
FAST FREIGHT SERVICE-
sailing Aug. 17th sailing Sept. 21st