Malaria Scourge In Pacific
Melbourne, July 19.
One of the difficulties facing research workers , Aighting the mularia-carrying
THE CHINA MAIL, WEDNESDAY, JULY 20, 1955.
TRADE
and
COMMERCE
COPPER PRICE REMAINS SPLIT
mesquito in the islands of NEW YORK
the Bouthwest Pacific is that
no check can be kept on the number of native victims contracting malaria.
This in one of the findings of after Three
a scientist who,
mon
£50 Difference Between
STOCK Rhodesian
MARKET
New York, July 19, Stocks turned down again today.
The decline was a modest one from the standpoint of
years survey work in Papua, New Guinea, thith, Sole.
Islandu, Now Hebrides, Netherlands New Guinea and Northern Australia, has called for a campaign to educate local administrations to check the disease and also ask for the granting of more money for re-activity. search.
He is Dr Robert H. Black, an authority on tropical diseases at the School of Public Health and Tropical Medicine, Sydney, and a member of a medical search unit during the recent War, who has just completed Arst section of a comprehen- the sive report which he undertook for the
Pacific Com- South
1 mission composed of the govern- ments of Australia. France, the Netherlands,
Zealand,
New
Britain and the United States.
He showed in his report that until malaria is brought under control it will continue to kill
and adults, bables
the vilality of indigenous peoples, restrie. local economic develop
emigra- ment and prevent the
Kay
tion of non-indigenes to open up vast untouched resources.
The
carrics
POTENT FACTOR mosquito that malaria could also be a potent factor in loss or victory in a war, he said.
Dr Black's report said that It had been stated that one of the min reasons why the Japanese did not reach Port Moresby was malaria casualties the heavy
which they suffered.
Going back further, he said Aus- that in the 1914-18 war tralian troops suffered severely and the lesson was learned that not an effective quinine
was suppressive drug unless taken in amounting to continuous
closes
therapy.
the
In
In
Austrolion and
Came
second world war Allied troops were to learn of the inefficiency of quinine. When atebrin be- avnilable a very large Indigenous population was able to live in the highly malarious aren with very low incidence of malatia,"
Before
effect,
it showed its fult however, the taking of daily suppressive stebrin had to be mace a matter of military discipline,
In the latter part of the cam- paign United States forces were able to discontinue suppression because mosquito inrval control had been gained in some bases, Aus- The thoughts of many tralinns
emigration concerning to New Guinea, Dr Blacks rald, were vividly coloured with re collections of unpleasant wer- time experiences, Malaria was one of the chief factors which influenced them against return- ing to the islands.
In an assessment of the socia1 and economic effects of malarin the Southwest Pacine,
that it had been
1
said Black shown that personal prophylaxis by Europeans using antimalarial drugs can be successful if there sufficient selt, and family, discipline.
is
There was little real pressure, but available offerings were enough to bring prices down a point to more than 2 points in many lenders.
Turnover totalled only 2,300,- 000 shares, compared with 2,- 100,000 yesterday.
Organisations
London, July 19.
Rhodesian copper remains at a split price: the Rhodesian Selection Trust group supplies its regular customers at its fixed price of £280 while the Rhodesia Anglo fluctuating American group, selling on the basis of the London Metal Exchange price, has been getting about £50 a ton more.
So long as the RST goes on selling at the fixed price, or indeed at any other than the LME basis, the split is likely to continue. The Rho-Anglo group is undoubtedly aware of the case for price stabilisation in principle. Market conditions since the RST introduced its scheme must have reinforced Rho-Anglo's views, expressed earlier this year, that a fixed a point or more in price scheme for copper is simply impractical in present
conditions.
Industrials lost more than 3 points on Average, reflecting losses of more than 6 points in Du Pont,
Bethlehem Steel, US Steel, Chrysler, Procter and Gamble, Standard Oil (NJ) Texas Com
pany
Rails lost more than point on average.
with a
Utilities were firm, small average gain.
Of a total 1,100 issues traded, there was 601 lower, 351 higher.
Despite the preponderance of deelines, there were numerous strong spots,
H. J. Helz, following a record carnings report, soured more than 3 points, Seeger Refrigera- tor recovered more than point of the recent loss which followed announcements of its plans with Whirpool merger and an RCA affillate. Whirpool jost almost one point.
Steel shures had losses tang- ing is more than 2 points in
and Tube: Youngstown Sheet with Bethlehem, US Steel, in- land,
Oils were poor performers, Sperry Rand,
The RST scheme seems to sells both its gold and Its din- bave created at least as many monds
stabilled prices.
at
World Cotton headaches as it has cured. Were Diamonds may be a special case,
Markets
Further
"being
will
of
SECTION
US Cotton Policy
Statement
Washington, July 19. The Agriculture Depart ment is preparing a publio statement on its cotton polley for the cotion- marketing year which starta on August 1, and may baue the statement this wook, authorities said to day.
The statement is likely to include some comment on what the Department plans to do about dis-
of the large colton pomal
on hand. surplus already
light ant and may throw export polloy. Observers are watching to sec ir officials will advocate an.
United export subsidy. Press.
HONGKONG STOCK EXCHANGE
(From Our Correspondent)
Noon quoiations and the morning's transactions on the Hongkong Stock Exchange: BA BUYERS SELLERS SALES BANKS
10 6 1000
ICH Bank .. 1880 1000
Waterboat
Union Lombard Underwriters SHIPPING DOCKS, ETC.
1470 BUIL 0.43
GA
21
3 185 10 6 1000
“TEXTILE COMPLAINTS
Senate
Approves Resolution
Washington, July 19.
The Senate approved unanimously today a resolution directing the Tariff Commission "to more promptly" investigate any "proper" com-
threatening plaints that textile imports are domestic industry.
There have been complaints that textiles from Japan are hurting United States textile producera. The resolution was sponsored by Senator Strom Thurmond of South Carolina and 48 other Senators.
In its original form the recession has been granted in
201 solution had directed in-trade agreement, is as a result vestigation of the speelfe effects of the concession being of "imports of textiles from imported into the United States
Increase Japan upon the domestic textile in such
quantities us to cause or threaten serious industry."
But the Tarif Commission injury to the domestic industry objected that "serious problems" producing ilke or directly com
petitivo products." - United Press
would be cnvountered in carry-
ing
out a resolution making specife mention of Japan,
The State Firanec Com-
mitice thereupon amended the London Stock Market
resolution "so as to requiro the Tariff Commission to keep cur-
London, July 19. rently informed av eath of. the. Stocks were highly irregular textile reduced in trade agree in acive dealings on this last ments and to remove
jon muy escape clauseumptly day" of the current accounts on
Investiga-the London Exchange.
Elon requested by the proper parties.'
PASSED
This resolution was passed by the full Senate today."
Noting that over a million Americans are employed in the textile industry and that various trade agreements have brought about "substantial, reduction" in textile tariff rates, the resolu- (lon directs the Tariff Com- mission:
There was considerable end- of-account realising, but at the same time considerable Infla- tlon-inspired buying with the resulting performance a rogged one.
For instance, Ford Motors lost 100 while in the same group Tiolla rose 101⁄2d.
In general, shipping shares and engineerings moved up,
Oils wero extremely active, Nearly all were off heavily al All but a few 1. "Ta keep currently the opening.
recovered substantially. Royal informed regarding the impact
Dutch, oft
ond 7312 K. What!
of nearly £1, of imports of textiles nad Dock
....20.15
1500 20,00
textiles products on the domes-Shell Transport, off 28 68, were Provident (D) 13.00 13.90 3000 1514
few which missed or among the 11215,4 tlc industry producing like or out on the afternoon recovery, 1000 15.60 directly competitive products, Gold and baso. metals were
and
prepared to 0.00 0.70 1400 12 9,70
narrow and idle, promptly on such investigations
Wheelock
it not for the obvious desirability but Anglo American is the pro- of holding the original xedenent of stabilisation for them.
C280 for us long as It price of
Sir Chairman,
Ernest has transformed it might well have been Oppenheimer, possible, raised before this date.
their market in the past genera- Indications are that both la- tion, precisely by insisting on New York, July 19.
bour and the royally-owners price stabilisation in fair Cotton futures moved lower (The British South Africa Wrother and foul, today In moderately active
Company
SIMPLE QUESTION insist un their
In copper the dispute is partly dealings.
The market was dull in early based on the higher open-over what is the real competi- dealings with price slightly market
price Instead
the live position, but mainly over higher on trade and commisson lower stabilised price. For la the simple question of what is house buying. Mc6!
Lovers bour, the "copper price bonus" practicable. It is no secret that INSURANCES stood aside awaiting Govern at present amounts to about 70 Rho-Angio
recent regards kat on a cotton pro- ment netion
per cent of the basic wage and maricel developments as show- ramme for next season.
it is diculi
the for
RSTing the difficultles rather than However, prices dropped be workers to agree to
accept
the feasibility at a fixed coppty low their previous close around tower bonus while their fellow price. Its thinking seems to be noon on liquidation which came workers in the aho-Anglo group as follows: through New Orleans and local are getting a higher one.
and cometimes unstable High traders.
ROYALTIES PROBLEM
have been caused mainly prices 'ond liquidation
the same prab by ove
overdemand
with Royalties
coupled anties poste in the afternoon hedging
Clem. Discussions have no doubt interruptions
Pro- of supply. International tended the losses with the selly been held with Chartered, and ducers
in one area cannot do Telephone, General Dynainles
were the day's attributed to a special story may still be continuing. To some much about thesc conditions. and US Sleet
columnist Washington
extent they may turn on the (One might go further, to pon- most active issues.
declaring the modity
In about 5 or definition of what is the price fler on how much could be done days the
Credit realised for copper. But it is by: Corp, will announce the release obviously dillcult for Chartered by a cartel of all the producing LAND, ETC.
treas, even supporing it were of all its surplus cotton on the to apply one basis to a half of feasible). world market to be sold the output and a different and
fixed by A price arbitrarlly between Aug. 1, 1935 and Aug appreciably lower basis to the the producers is invidious. They 1, 1956.
other half.
have to allocate supplies at it, AL 150.03 AL present, the Ccc
Rho-Anglo cannot have any and to amend it from time to UTILITIES bales 65.47 outright 1,050.000
and love of wide price fluctuations time. An awkward possibility is 105, 18 probably will own
another for their own sake, nor any de-thunt there might to two or more ils the 153.40 4,800,000 bales
1953 aire for prices to high and un-different fixed prices in a single Toons fail duc. Last year stable as to embarrass its cus- WATK
market, released only 134,000 bules. bamers and to weaken copper's į
below
the price fixed Market
say the
con-competitive position. Its parent prevailing market alters the re- templated release will have the company, the Anglo American lationship between the producing
pushing of
aiready Corporation of South
Atrlea, companies
C. Light (N) and (o) the share- 28d world cotton prices
holders, for their profits; (b) the 59% even lower. World collon
mineworkers, for their price bonus; (e) the royalty-owners, far share of
of the
price; and for its taxes on
American Stock Exchange volume was 670,000 shores.
New York Stock Exchange Bond volume was $3,400,000.
Dow-Jones closing averages
were:
30 industrials
20 rails
13 utilities
Au
B5 stocka bonda
Comm. future price index
Alien. Ing. Acy Allled Chornica is
Allled Mille Inc.
Allis Chalmers
American Airline
American Cyananite Co. Am. Mact & dry. American Metal American Smelling Am. Sugar Xef. American Tel & Tel American Tob. "R" Anaconda Copper Annoo Steel
160.72
by
Joons
37
2012
66!
31% prices
180
men
cwar
cent are 10 per now lower than American prices.
Trading volume and
penWorld Rubber thes
C012 interest in the Exchange today.
310,100
14,000 310,100
11.108 102,200
2,300
8.400
149,500 2,143,800 bates NEW YORK Prices of futures closed today
Armour
4224 1412
were:
Baldwin-Lima-llum.
133 Month
Baltimore & Oliko
479
July
Bendix Aviation Corp.
404
October
Benguet Cons..
1 December
Volume Open interest
45,500 27,000 408,900 28,100
SUB,000
Bethlehem Steel
100
March
24500
200,000
Boeing AirplaTIC
May
34,500
florden (The) Co.
July
Dr
Burroughs Add Machines
2014
October
Canadian Pacific R.
December
Care (J. Co.
1733
Total
C.LT. Financial Corp.
40
Cat. Traetor....
43
Celanese Corp.
Chase Manhat. Bánk
Chile Copper
480
Chryster Motors
na follows: 512
Spot October
Colgate-Palmolive Co.
201
December
Commercial Credi
031
March
Commonwealth Elec.
43
May
Consolidated Ellaon
DO
July
Continental Oll of Dei.
42
October
Continental Stei
December
Com Producla
281
Crane Co. ****
4015
Cuban Amer. Sugar
as follows:
Epot
October
December
March
Mav
HEAVY EXPENDITURE
The Intal of sickness and deaths of native peoples in tho bren was unknown but the cost of keeping a patient in a native hospital was a heavy expendi- fure on preventable disease.
Other paints in his assessment included:
Malaria interfered with the education of children and im- posed later health handicaps
Malaria contributed to mainu- in- trition by the denial to habitants
of certain areas of certain
methods of food pro- because
were source: of infection, or would provide additional breeding sites.
duction
they
Crown Zellechach
Curtis Wright
Diamond Alkali
Dow Chemical
Dupont de Nemours
Eastman Kodak
El Paso Naljonal Gas
Erbe Railroad.. Family Fance Corp. General Electric General Foods General Motors Gen. Pub. Um.
Markets
Singapore, July 19.
and'
which are particularly important in Rhodesia,
LESS FREQUENT
If, for any reason, the market.
3000 15.70
to be
House
nct
Brilish Government issues
as may be requested by the suffered another setback with President....either
of losses ranging from 2% to Congress....Or any interested £7/16.
2500 * $15
500 0.33
1500 0.453
1000 + 15.40
-3500
0.45
1030 9.55
3500 (4 9.53
party.
BK Hotel
17 17.10 7703
3.10
RK Land Humphreys Realty
... 7315 7315 1400
10.20
200 2.55 2.00 2030
10.20
10000 2,35
5000 2575
Tram ....... 24.40 2415 2250 g 21.40
250 0 DAN Star Ferry Y'mati Ferry 122 123 1300 102 200 @ 123
C. Light (0) 22.80 21,15 1040 & 27.70 1600 22.10 1500 tr 22.90
400 G
30
18 18.20 200 to 17.00
15208 2200 15.10 Electric ........... 444 4457 0031 44 4313 1000 $ 4394 1400 44 4000 44% Telephone .. 3312 357 300 351
INDUSTRIALS
Cement
Foreign bonds were quiet
2. "To determine, whether any end narrow-moving. United product
which upon
EVERE
a con- Press,
LINES
EVERETT ORIENT LINE
Fast Regular Freight Refrigerator Passenger Service Loading for Bingapore, Penang, Yangono, Calentin
Chittagong.
*
Kno
"DRADEVERETT"
In Port Loading Soils July
*
**** 3215 3231 1500, 351
1000 1234 4500 321
"LENEVERRTT"
Arr. Aug.
AIR. a
"REBEVERETT"
Sept. ย
Sept.
8
Rope
Dairy
17.70 10 ....... 23.40
-- Sept. 23
Sept. 24
Watson 3016
21234 23.20 1000 or 23:30 1000 15.00
Arr. Aug.
35
"NOREVER STT"
Алд
10
20
Salis Aug., 11
AUR. 27
"ORADEVERRTT"" "LENEVERETT"
7 - Sept.
Sopt.
A
Sept. 24
price fell below the fixed price, STORES, ETC. the latter would have to go.
There was some good
Futures:
L. Crawford COTTONS
Textile Corp 4.10 420
8.53 Nanyang MISCELLANEOUS
Yangiste
... 7.40
The rubber market eased in Fixed prices do not stay fixed, the afternoon but steadied ol-since they sometimes have to be closed changed. Their changes are less mos immediately steady,
than in an
open overstas support.
but they tend to be when
hen they do occur.
the swing recent Over
years, aluminium towards
has been rather due to its freer supply 100-103 than to its lower price. Arbitrary 123-12812 ipwering of the
price copper 101-103 would reduce the stimulus to 127-128
No. 1 rubber per lb. Aug, 12716-12734 Sept. 1241–12514 Det. qunled No. 2 rubber per lb. Aug. 1212-122 No. 3
11494-115
34.400
33.59-60
33.34
33.1
34.00
H'
12
No. 4
33.20
23.00
Epot rubber unbaled Blanket crepe
12.95
No. pale crepe
"NEW ORLEANS Prices of futures closed today
July
33.40
NEW YORK ·
Futures closed today. Vin-
the
33.60-59 changed lo 55 points higher | 2. record level and
23.04
37.03
33.89
31.42
October December
LIVERPOOL Future
American closings, middling. In pence per lb. were
23.02
1180
as follows:
July/August
Co
October/November
December/Joinery
March/Apr
May/June
Gillette Safety Razor
Glidden Co... Goodrich (BF)
| Goodyear Tire
Heyden Cherniend Homstake Mining Co.
Inland Steel Co.
Malaria could incapacitäte a Ingersoll-Rand
labour force by 18 per cent at
any one time.
Malaria
mortality.
increased
infantila
Dr Black said that some of
postwar
herchemical Corp. at Harverler International Nickel
Internacional Paper
Int'l Tel. & Tel.
John-Manville Co.
the lessons in malaria control was C. Power & Light learnt during the war had boan Kerinocolt Copper...
Liggett Moyers Tob. Co. appliext In
years.
Lockchord Awenscht Modern drugs had been used for | Loews_incare. suppression by Europeans but Lone Star Cement Co.
Louisville & Nashville R... quinine, was still used try many
Inwenmeln & Sons and there was no romlarity of consumption by those who used auch drugs as paludrine, chloro- quine, daraprim and camoquin
A pilot project using DDT no a residual spray had been cơm- menced in Netherlands New 'Guinen.
CLOSE LIAISON Close liaison was being kept
with Netherlands New Guinen
Habt Iron Carp,
Momo Mining Mission Development Koneesta Chendcal Co. Montgomery Ward Motorola Ing. · National Cash Reg. “A National Dairy Prod. National Dalers National Load National Steel Corp. New York Central Olin Mathieson .... Owen-loom Glass O Brustore
| Pabllo Qas & Elec.
and it was thought that com- Pacific Western Oil
plote control throughout Papun
Pan American Airways Paramount Pictures Parko Davis Co.
and New Guines coult be obtained within five years by | Pans Bait Co.
Pony 3. D. Co.
the use of residual spraying Pulls Morris
gald
that
top
mothede.
Black Dr priority should be given to the education of administrations on
Philips, Petroles Procter & Gamble
the seriousness of malaria to: pasko “Ou nativo peoples, Chins Mall Special.
SAO PAULO
Futures closings, in cruzeiros rer kllo were as follows:
October
December
20%
March
81
Moy
4215
116
with sales of 290 contracts.
are concerned
the
con-
1000 m (15
1000 7.40
Allled....... 1.63
1500 7,43 2000 7.40 0000 7.45 # 6000 na 3.00
New York Sugar
Market
of 137 The
/sales world futures market was
enlarging supply, and
and would Increase the demand which al- ready cannot be fully met.
New York, July 19. Consumption of copper is at
World 4 sugar futures today demand is
palni to 1 or closed unchanged very strong, Many consumers
Ghout supplies higher with sales of 40 contracts. The future market steadied than about price. In the hopen closed 2 to 6 points higher with Domesde No. 6 sugar futures after showing carly losses of as obtaining supplies, son much us 1⁄2 cent a pound which sumers have been offering to pay
contracts, were attributed to proft-taking
above
market premiums the current high price. So long as the worldwide quiet and steady. attracted by
Domestic prices,
demand for copper continues to were quiet grow faster than production can slightly in moderate dealings. Outside markets
of Hot weather held refiner demand with dealer buying furnishing be increased, the question
competition from other materials for sugar at a a moderate pace. the activity.
is beside the point.
House Agriculture Committee For some purposes, consumers
Chairman Cooley sald he thought will
almost re-his Committee would will prefer copper,
approve gardless of price, For other Inte tonight or tomorrow legis-- purposes copper could not com-allon to extend the sugar quota pete with aluminium even at a fact and to give relief to domestle half of its present price or sugar growers, Futuros: lower. By arbitrarily lowering | Contrast No. 4- (world)
Spot No 1 Rss held unchanged at 40% cents a pound, nominal. Future closings were:.
Sept.
34.00
Dec.
20.00
Mar.
May
July
Sept.
The average price of 15/16 609 middllog at ten designated spot markets was unavailable today,
2 Sules at nino dealgnated centres totalled 5,200 bales.--United
541 Press.
100 Shell Oil Co.
Baint Rex. Faper Enclair Of
Bocony "Vacuum
Both Porto Rien BuEST Borthern Nallumi Gan
Southern Railway (Com.Y
Standard Brande
Standard Oll of Cal. Standard Oil of Ind. Standart Oil of N.J. tudebaker PackarË 5091 | BWLET Co.....
70
107
19% Tide Water Jamn, Ou
Twenty Century Fox Film Both Union Carpide
Union Paddiy, HallwAY" United Alterart
LONDON
The market closed
41.00
50.00
20.33
37.00
35.50
34.50
topper prices, producers
merely
steady
Whatever
forgo some cornings
would Soptember
October
March May
Beptember
without enlarging copper's field. its imperfections, in London Metal Exchange
after caster with spot down till the only world market for
001 to 37% pence per lb. Prices:
No. 1 as ************* Settlement koune term:
AUNDUNK
September
October/December “January/March
April/Jime
Ginent enarbets, elf buela,
July
September
Fatale crepe, thick July..
AMSTERDAM
3732-30
The market was quiet, Prices closed today. In guilders' per imme,, eif Aurum (ka fo]-
copper. It would be much wiser to try to Improve the barometer than to discard it
In fine, the Rlio-Angle and Anglo American view seems to. bc that, at present, fixation of a Copper price in conflict with the would be pressure of demand
hot only impracticable but im
Bosslik---China Mall Special.
Exchange Rates
was done in the Sopal
futures
advanced.
Spot cents per 16, fob
Cubi) Contract No, 6
August September November March
Meg
Bpol(conta ・per
NY ex-duty)
**ýndied" Prom.
London Foreign
Exchange
York
Lordon
80.10-60,13 [80.00531-880,30.
"NOREVERETT"
Loading for Kabe, Osaka, Nagoya, Yokohama.
"REDEVERETT"
-- Sept. 27
LIMITED FASSENGER ACCOSIMODATION.
All the above subject to alteration without notice.
EVERETT STAR
LINE
FAST REGULAR FREIGHT REFRIGERATOR SERVICE
Loading for Singapore, Port swettenham, Madras, Colombo, Bombay, Karachi & Persian Gulf Port.
"STAR DETRLGEURE"
"STAR ARCTURUS”
*THAI *
"STAR ALCYONE"
Arr. Aug.
13
Salis Aug. 10
-- Sept.
A
-- Sept.
ย
-- Sept. ~~ Oct.
15
A Nov.
-- Sept. 21
-- Oct.
10
*** Nov. D
Loading for Koba, Omka, Nagoya, Yokobaina.
"STAR ARCTURUS”
"THAI"
*STAR ALOYONE"
Are Aug. 12
Balls Aug. 13
-- Aug. 27 - Aug. 20
Sept. 21
Sept. 20
Oct. Oct.
31 -- Oct.
- Nov. LIMITED PASSENGER ACCOMMODATION,
"STAR DETELGEURE"
All the above enbjeta to alteration without notice.
EVERETT STEAMSHIP CORPORATION S/A (Incorporated in the Republic of Panama with Limited Liability) Chinese Department: Telephone 28298. Queen's Building, Telephone 31206.
MESSAGERIES MARITIMES
[P.O. Box 53.5 Queen's Building Me Tal: SRBI
FAST PASSENGER/FREIGHT. SERVICE "CAMBODGE"
***e salling Aug. 18th salling Sept 10th
LAOS"
DONAIKA "MEINAM
United : Pins/
FAST FREIGHT SERVICE-