1
You're
FULLY-SHAVED
with--
PHILISHAVE
ELECTRIC RAZOR
CILMAN & CO. LTD.
GĂDUCESTER ARCADI
PHILIPS
COMMENT OF
THE DAY
CONVULSIVE
THE convulsive boom in
THE the New York Hick
market will be received with mixed feelings in Hongkong, A cheer of welcome may be expected from many and these will include not only investors in Anterican stocks who have lost heavily and who have been watching the
recent recession with some
THE WEATHER: Moderate E, winds. „Fair,
CHINA MAIL
No. 36881
111+
Establlabed' 1845
THURSDAY, OCTOBER 24, 1957.
Price 20 Cents
BIG WALL STREET
Brokers Swamped
With Orders
GAINS OF 10 DOLLARS
New York, Oct. 23................
anxiety, but the business. The New York stock market today
community generally. Many
mu's t have wondered
whether Wall Street's recent
experienced its biggest boom for 28
years.
behaviour was a pointer to Buying orders swamped Wall Street from
much more serious and widespread slump in th American economy.
all sections of the country and final prices showed gains of from one to 10 dollars a share for leading issues.
This was the largest one-day advance since November 13, 1120, when the average gain was 9.1 dollars,
But there will be many others who will react with justi- fiable caution. It is a little early as yet to assess the move and while some cor rective Was expected 1411
Many millions of dollars were explosion of yesterday's restored to the values of shares magnitude may be admired today in the best one-day rally as a spectacle but will not for years.
generate the gofid support The broad range of the mar→ that n more graduni reket showed Advances ranging covery would have provoked. mostly thice polats or more with wider may bo argued that with some shares American stocks should as
IL
A result of recent declines Bow appear more live 10
reverse
attrue- investor and
augurs uti
Kalus.
would be tempting to think heavy decline and also Presi- that today's sensational dent Eisenhower's announce- ern of ment that he plans to boost confidence in the Hield of domestic economy by a series of speeches to the Amëri. can people.
spirited demand.
HK HOPES
THE follow-through
American
US Satellite
Carrier Launched
Bioker and financial experts said that feelinteat considera-
Cape Canaveral, Fla., tions were behind the demands
Oct. 23. it following the market's recent A Novy Vanguard missilo, the rocket designed to carry the United States into the satellite race, scared skyward today on successful test flight. The slender missile, 72-feet The licker ran behind the long and shaped like huge 4,600,000 up through drizzling skies at u
Tindeed be through will rate of transactions most of the rifle cartridge pure le strate
and even as we go to pressness for the day was with today's
newa
the shares.
business community will be Mutual Funds more interested in tomor
many
row's. Perhaps it would Brokerage houses reported not surprise many if the that the stock market heniented bears came back in force. from mutual funds and One centre in Hongkong large private investors. which will particularly wel-
very, high speed, Trailing orange and white flame, it remained visible only a few seconds be- foxo It vanished In a heav cloudbank.
The Defence Department in Washington reported that the. rocket reached an altitude of
The Toronto pick market | 108 come any sign of a changed its greatest single-sersion dentre since the days of the
in New York and will be Korean War as prices in all hoping for 14 sustained sections bounced ahead in nelive follow-through will be the mid-afternoon trading. local Stock Exchange which has been in a depressed 1 slate for a long time.
are
ап
miles and a peale velocity
of 4,250 miles per hour. Alter 140 seconds of fight, the vehicle exhausterk is fuel and | fell into the Atlantic Ocean 328 miles off the coast of Florida,
"I was rated an extremely a spokesman successful test,
VALENCIA: BRIDGE UNDER WATER
Many people lost their lives in the Valencia floods earlier in the month. Keystone photo shows: A view of the El Campanar bridge inundated by the waters of the river Turla during the floods In Valencia, Damage to the province run into millions of dollars.
POLICE FIND
TRACKS
OF LEOPARD
It has now become more than "a mere suspicion" that the animal Mr William Smyly saw on Tuesday night while re- turning home to his Tao Fung Shan residence was a leopard.
Harding Inspects Greek Quarter
RELAX IN
"DAKS
THE MARSUI COSEFORT IN ACTION TROUSERS
Whiteaways
ANG EN D . 113 34 1, O TEN
BOOM
ATOMIC DEPTH
CHARGE
IN US FLEET
Washington, Oct. 23.
The United States Secretary of Defence, Mr Neil McElroy, announced today that the Navy has perfected atomic depth charges and that some of its Atlantic fleat has already equipped with the new weapon.
Railwaymen Want Higher Wages
London, Oct. 23. Leaders of 41 trade unions representing 120,000 mon
baen
now
Mr McElroy' sald the anti-submarine devices ro Jaunched from airplanes. Ho called the development "one Important answer to the Russian submarine threat", end said tha nuclear
depth chargo len đơn fence item that "anycne would be proud to have in our or- Benni"
Mr McElroy was sporking to reporters on his return. from Now London, Connecticut, where he went, to sea In 210 atomão - powered submarina Seawolf.
The Secretary of the Navy, in railway workshops de- Mr Thomas Galea, who accom cided here today to sook pabled Mr. McElroy on his first substantial wage in-submarine trip, said the atomic
charge depth crease for their followers.
"Betty."
#
It had been
WES called
tested in
the
The unions, comprising the National Union of Railwaymen Pacific nearly two years ago.
and the Confederation of
Shipbuilding and Engineering
Unions, will also seek a reduc-
tion in weekly working hours
trom 44 to 40.
No Comment..
At that time the Navy and The cluan is to be submitted to the Defence Department de
comment on
what the British Transport Comunls-clined all Elon.
had been tested, and until now had refused all requests. for information about progress in the development of such a weapon.
LODGED CLAIM
The National Union of Rail- waymen has already lodged, a
Conventional depth charges
are launched either from surfaco - vessels such as destroyers, or from aircraft.
Nicosia, Oct. 23. Field -"Marshal. Sir John Harding, who retires as Governor of Cyprus, later this year, went right- seeing in Nicosia's Greek claim for a pay increase for it quarter today escorted by members.employed outside the three armoured cars and workshops, watched by police rein- This claim will be discussed
Both Ministers in referring to forcements.
meeting here tomorrow,
Betty today, mentioned only the Another union, the Associated airborno version of the weapon: It was only the second
time Society of Locomotive E-But it has been reported the during his two years as Gover-gineers and Firemen, will be Navy is working on a nuclear charge designed fon Pakistani members of the
the Police party, nor that he had ventured into putting before the Commission depth This time who TC experienced which was headed by Superin- the Greek quarter of the olliomorrow a claim for a 10 per faunching from ships, Police
ccat wage rise for train crews, version has been referred to trackers and Inspected the some tendent D. E. W. O'Brien, was walled city.
---Reuter.
unofficially, as "Lulu."--Reuter. last night are more than con- accompanied by Mr Smyly, a vinced that the spoor they found member of the China Mail
editorial staff. wag made by a leopard,
The Industrial index saared nearly 15 points in the first four hours while Western Olls were sald, 7 points higher on Judex, New York market movements Base metals gained 344 points
and golds 14 points on index. important factor Exchange oйcials said they locally and the recent could not recall such a climb in declines in American stoeks the Korean War days but it were regarded as one of the might have happened." causes of the recession in: Hongkong prices. But the failed to uncover a rise to match Witnesses on nearby beaches
initial reaction today's uprising. will probably be cautious! The strongest tnfluence on the and it will be surprising Toronto market was the action observed here, comparable to muddy track, the Police were if there is any immediate of Wall Street, which forged the rear algnificant increase in turn- ahead
market's
over.
it
HIGH SPEED The rockel went considerably higher and reached
a greater speed than was expected. The spokesman explained this by A search through the daily saying it continued to "const"
lest five years | after its fuel was burned. records for the
said the Vanguard made one
On examination of the Im-|
of the noisiest ascents ever prints left on the hillside and a
of the intermediate
fading
In extremely heavy range Jupiter and Thor missiles. trading. is Meanwhile
An Army Jupiter was testfired Trading there was slightly add hardly necessary
successfully last night. Judging from the that the Colony hopes that slower than yesterday but well
average pace for roar, observers believed the the recovery is a sign of ahead of the
An arc over better things to come but session volume at 2 p.m. Vanguard de
shares compared the Atlantic tracking was 2,048,000
range with 2,704,000 at the same time toward the Bahamas before its yesterday-Reuter.
noise died away. Now Turn To Page 9 fer a
The Los Angeles. Examiner detailed report
the today
Valted that States Air Force hes red a four-Blogo rocket nearly 4,000 miles above the earth.
it would be wrong to us gest that there is any real ground
for optimism present.
Clarks
SHOES
WILL BE BEEN at the
Fashion Show
of the JOCKEY CLUB
00
THORSDAY & FRIDAY 24th-25th OCT. 1957,
LADIES' STYLE SHOES: Sincere Co., Ltd, Jones. Wong Co. CHILDREN'S SHOES, MEN'S & LADIES' CASUALS: Mary's, Lily's, Sanda Shoes, Co., China Emporium, Shamrock Emporium, Shut Hing Co. Ltd. Sincere Co. Ltd., May May: Co, Jones Wong Co., Carrie Co.
Sola Agents!
P03
It said the rocket was fired from О balloon 100,000 feet above Eniwetok Atoll, in the Pacific.
The newspaper's science editor wrote that he had learned of the successful firing from scien- thats who had returned to this country with data collected by the rocket.-United Press & Beuter.
STOP PRESS
DIOR DEAD
Rome, Oct. 23. The famous French fashion designer Christian Dior died today at the central Hallan Health resort near · Fiss-United Press.
In Headlights
Police sealed Ledra Street- notorious as Nicosla's "Murder Mile" before Eoka terrorists declared a truce last March- abcad of the Governor's arrival. In addition to Cyprio-Turkish Then went to the spot where constables posted at 60-yard the animal was caught in the intervals, rlot Jeeps stood by headlights of Me Smyly's eat. and patrols moved through the
The Police fanned out And bustling side streets. CAT CLAWED inspected the surrounding
locality, Both Mr Smyly and His Secretary sald today: "He Mr O'Brien said they found wanted to see it before leaving." more than 10-spoor."
A report by a European resident in the New Terri- terics that her cat was clawed by ›“large animal” rives further support the the China'Mall atory yesterday thai leopard is roaming in Shatin,
A lady living'in Tapo
Road telephoned the China Mall to describe the attack on her Siamese cut.
*e found her clawed In the thigh about· two months ago and although she survived, the wound In not quite hosted yel The marks fook as if they were made by a large clxw animal. There are scratches од the sido leading to a round wound About the Rizo of cigarette tin cover," she said
able to conclude that the animal was more than four foet long but less than two yards.
*
Sir John leaves Cyprus early It was learned this morning in November and his successor, tha Mr O'Brien had Imprints Sir Hugh Foot, former Governor made and eat them to Mr J. D. of Jamelco, will tako over Roiner, Government Pest December.-Heuter. Control Officer, for examina-
tion,
Mr O'Brien told the
| Mail: “I can't say whother
China
a leopard or not; I am not on expert, you know."
However, according to Mr Smyly, the Pakistani members of the Poller who went as frackers, were "pretty sure" at
ed to a leopard.
the time that the spoor belong
No Complaints
The Folice party returned to the station soon after the di covery and examination of the spoor but it was learned from the Shatin Police Station that more squads were sent out in an attempt to track down the animal last night. The "hunting perly did not retum after 10
After several unsuccessful at tempts to track down the ani The Police Interviewed more mal on. Tuesday night and early villagers and formers in Shatin Wednesday morning, the Polico throughout yesterday but so went out again later to the far no one had complained of scene,
losing any domestic animals,
NUCLEAR WEAPON STUDY-
IN MALAYA JUNGLE
London, Oct. 23. to introduce nuclen?' woopchs fle officer at present working THE War Office said waight into Malayn, a statement In 'Malaya.
sold, that, scientific offer,la Malaya was making theoreti-Tho War Office denied premie studies being undertaken cal studies of the behaviour reports that. 80 scientists · by this offteor cover a wida qof tactical nuclear weapons were wanted to study Úho
|_in_tho: Jungle.
· tactical ⠀⠀ use of nticlear weapons in the jungle/get.
*Thema sro, purely paper studios
HARRY WICKING & CO., LTD. and do not denote any ind. In act, one post will shortly
HONG KONG
tention on the park of the jetail/Vschrik- as, the romult, of: United: Hlogdom Government Exporting elsewhere), as a palmask=
variety of problems including the scoretiesīTM Cyanination of the behaviour of tactical inucieszy wespons. In, Jungla -condition, 2EGANEWAL Onica
in
At
!
Hookah-Smoking Camel Witness
....
Lahore, Oct. 23,
This
WEST Pakistan man appealed to the High Court today to call a camel as a witnese, ze the only way of proving him innocence.
He had taught his camel to smoke, he said, asking the Court to
offer the camel a hookah water-cooled pipa..
If the camel did not puff at the pipe he would willingly serve lower Court sentence of five years' guoi for stealing the beast, he said. The Court la considering his appeal-Router.
X'MAS FOOD PARCEL
REMEMBER YOUR FRIENDS BACK HOME AT X’MAS TIME...SEND THEM A FOOD PARCEL THROUGH
WELLCOME CO.,
No. 1
67A Des Voeux Rd, C. Tols, 30252-5
LTD.
GINGER IN SYRUP PARCEL: Blue & White Jar with attractive Chinesa design of 40 oz. No. 3. GINGER IN SYRUP PARCEL:
Chinese design of 64 oz.
No. 4 GINGER IN SYRUP PARCEL:
design of 40 oz.
No
HK$ 18.50 Red & Gold Dragon jar with attractive
HK$ 37,00 Five Coloured Jar with attractive Chinese
HK$ 20.50 No. 6 CHINESE FOOD PARCEL: 12 tins of various kinds of tea, ham, soy
sauce, shrimps, ginger, bamboo shoot and fruits.
HK$ 65.00 CHINA TEA PARCEL: 1 tin Cocktail Tea of 16 oz. and 1: tin Jasmine Tea of, B'oz,
HKS 16.50 No. 10. COCKTAIL FOOD PARCEL: 15 tins or packages of cocktail items; Nuts, cashewnuts, sausages, caviar,, anchovies, crab meat, tuna fish, onions, cherries, olives, byster and shrimps HK$ 38.80.1′′ No. 11 TINNED FRUIT PARCEL: 14 tins of peaches, pears, pineapple fruit cocktail, apricots, cherries, grapefruit, strawberries, Mandarin oranges and
HK$ 42.50 thick crearm Complete list of 32 different parcels consists of FOOD PARCELS, WINE GIFT CASES & BISCUIT PARCELS available at our store Special selections can
In order to guarantee X'mas delivery for the U.K., please place; be arranged. your orders before"
4th NOVEMBER 1957
: