1950-07-04 — Page 10

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KOREAN FIGHTING TO AFFECT COMMODITY SUPPLIES, U.S. THINKS

Russia and price of world gold

Washington, July 3. Whether the gold from us sia's Iron curtain is shaking up. world markets hus Western! economists guessing, says an American authority on the! metal.

Mr. Donald M. McLaughlin of San Francisco. Prealdent of the Homestake Mining Company of South Dakota-the largest inde pendent gold mine in the 'wordik→

old Rotary Club meeting:

"A mysterious weakness has been affecting the "free" and "black" market in gold in recent months. As a result, the "free" price of gold in United States currency now is only one dollar more than the $40 an ounce official price."

Washington, July 3,

altuation in rela

tion to world agriculture are in the parly sluges af an analysis hero with experts" view that rice, wool, cotton, hard fibros and vaget- ablo alis will be the commodities most likely affected.

The earliest acute interest is whether the Korean struggle will have political or economic re-

· percussions elsewhere in Asia which would either decrease production or increase con- sumption of rice.

sistic countries and outlying islands grow 93 per cent of the world's rice. The Asiatic shortage of rice in the post-war poslod was the most acute phase of the world food. situation and fed to expanded production in North and South America.

about block pillag plans it is Im- possible to Appraise the actuo inurketing effects of the Coin. modities situation described.

The South Eastern Asiatic rice production de still fur ander nor mal and Europe therefore is not consuming in pre-wer quantities. Experts suld the worki cotleti situation is recently paving ngaði

The Korean struggle has not toward surplus but the strife he thus for influenced major changes the Far East should tend to ex- In the United States agricultura" wand the European need for cat-policles. But the altuation poli- The free price has been vurlton. Consumption tenis to rise in flently strengthened price support sly reported as upwards of 60 periods of military tension.

programmes, dollars an ounce,

The

world wool stoelts cunulated in the war period har "It is difficult for me to see been greatly reduced and sheep how it would be to Russia's ad-number lave not yet recovere vantage to depress the price or to a point foreshadowing gold," said Mr. C. McLaughlin. pluges.

Stane gold is apparently being usert by satcillle countries, oper- sting through Switzerland.

"One suggestion has been that wealthy Chinese, fleeing from Communism, are disposing at one of their gold. The naricat so this it can be affected by relatively minor conditions?

Mr. M. C. Laughlin addied that although Homestake's pro-. duction is the largest in North Amerten: it is only producing 75 per cent prewar.-Assočlatéd Pre13.

TEA RATIONING IN AUSTRALIA ENDS

Canberra, July 2 The Prime Minister, Robert Manzies, today announced the abolition of ten rationing, start- ing on Monday.

+

nc-

sur-

Moul military powers, including Soviet Russia, recently have been active purchasers of wool Former supplies of course and carpet wools from Manchuria, and China are no longer available.

Whoot situation

The offedte

of the

Korean

An unprecedented aspect of the world agriculture situation is the recent trend toward close United States-Argentine -aconomic operation. This could later be-

agriculturally i

como important K

the military tension increases the demand for farm products, en- abling more rational use of re- spective production espacities.

between Buenos Aire. Pera- !

For examplò, in World War II on account of lack of co- tion

and Washington on pricing policies, flie United States fostered the maximum domestic production of eituation on wheat are expected flaxseest at an extremely high cost to be liftudnced by policies of

and

Imports from Argentine largor countries in respect to ceased. This resulted in the us! accumulating actual and poten of whent lands for flaxsced and tial reserve supplies as a pre. accumulation of large surplus cautionary measure against pos- of flaxseed and linseed ell which sible global struggie.

**** still prevents International trade along lines formerly 'rogarded as normal.

Some exports feel that a larger part of Western Europe has not yat definitely recovered from post-war food deelts and grahi policies will be undoubtedly con- sidered by many countries in the light of strategical contingencles.

The United States pre fects already widespread appre- hension regarding natural rubber supplies in world emergency. The world Crisla also would

press

re-

More aid

Tried though absent

Balvatore, Qiuliano, the slippery bandit king who has evaded small armies of police, le to be brought to trial at Viterbo, Italy in his absence. From his hideout 'In the hills, Giuliano has sent a defence petition to the court, plaiming that the machine gun which k» ed 12 people and injured 33 at a village near Palermo, Blotty, on May Day 1947, was turned by accident upon the crowd and that the 'killinge word an acident. The Giuliano parbsters on trial number only 27. In perso11. Others. Including the tender, are being tried in absen- Photo shows: Some of the 27 defendants in chains on the way to the dock for one of the sessions of the trial,-AP Photo.

tha.

Philippine experiment

four years

old today

London

night life doldrums

London, July 2. London's night life is about to be given the last rites by night club owners who have The Korean strife strength

poured hundreds of thousands aned the opinion here that the United States cannot sveld the

of pounds into trying to revive the glory that was the West formulation of another post-Marshall Plan for forelan

reign End when the Duke of Windsor

was the Prince of Wales.

aid.

With more active trend toward

Mr. Menzies said, "There are ample suppiles of tea in Austra- lin to meet demands." The gov-stimulate demand for capra, coon-political and ceonomie co-opera- ernment will continue subaldies. nut oll and vegetable oils. Since on between American republice. -United Press.

all Governments were secretive Vista-vis Korea there is a pro- spect that the future plati woula have a broader geographical baye then

the original European ro- covery programme.

All long-range thinking about world agriculture takes into ac count the potential submarine menace to shipping lanes. New substitutions of synthetic for na- tural commoditics would be an Important technical phase in fu- ture wars especially due to extra=” ordinary post-war development la plastic industries-United Press.

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Manifestation at tomb of Lebanon monk

Vatican City. July 3.) A strange manifestation at the tomb of Father Cherbel Maktout, a Lebanon Holy man, has prompted investigation that may lead to his beatification and canonization.

Maklouf, a, mtrober of fina Marounite monka, died on Christ- mas Eve, 1998. He was renowned: for his holiness. Bince his death his tomb in the monastery of St- keroun of Anaya, North Lebanon, has been a shrine for devout pil- grimages.

It

theso was while one of groups was praying at the tom last February that water waž en sweating from the alone. On February 25 the intonastery's Superior General, Vatican sourcen hero sald, ordered the 'ibinb, open- ed." Maidouf's body was found to be intact

Beon

Manila, July 3.

The Philippine experiment will be four years old

tomorrow.

As this republic passes from infancy to childhood, it is now possible to assess many of the good and the bad things in its transformation from o United States dependency into a sovereign state.

of a

amelal scandals caused the Pro-

sident to appoint his integrity board. The solution to this pro

in the government's blem will ile in ability to convince Juan de lu Cruz that there is honest, de mocratic government.

Because the Philippines was the ning sides and the Quirino ad- first colonial country in the Fat ministration accused the oppost- East to gain is Independence, ittion of political activity detrimaan- became the test sure of the now tal to the country's welfare. freedom of Aalon

rea propiles. The Philippines is beginning to provide mowers to the question of whether a small, militarily weak country is better off on its own or behind the political and economic angis

a big power.

On the credit side of the Pallip The Independence road has been pine ledger are the remarkable In what will be the last gasp bumpy for the Pilippines. E physical recovery from the war, a for several plush

much material help and after-dark with rendezvous if it doesn't come off, fatherly guidance from the Unit-higher standard of living than American stars are being imported ed States, the Filipinos have found most Far Eastern countries enjoy, by plane and ship to see if any that the freedom they fought for the emphaels on good itemtion, thing will win back the white lit did not alone create a utopian expanding leadership in world affairs and championship of the state. and champagne set.

Growing pains, however, have rights of non-independent peoples Bul

continuing fight against not been severe enough to make the Filipinos regret their sepata- communism,—United Press. tlon from the parent country. As

new clubs open and old clubs alone, the chilling impres- sion is gaining ground that the war and high taxes have killed what used to be the most expen- sive and elegant-lf not the gayest-night life in Europe,

ť

people, they are convinced that they were right in breaking away. Political and economie troubles have beset the Philippines. Riyal president Elpidio Quirino recognis factions have been-bickering ed graft and corruption in the overnment when he recently-op- pointed an integrity board to in- vestigate.

Ever since the war ended night club owners have been trying to find excuses for falling business. And now they are coming to the reluctant conclusion that there just isn't enough money left after taxes to permail Britons to enter.

A high-Filipino ometal had this tain the way they used to before to say about the turmoil:

1930.

There are, however, just about enough regular customers around for hall of the magnificent night; spots, some of them more luxu- rlous than anything in even New York City, which dot the West

hub Ed whose Is Piccadilly among night olub owners 'Is for Circus. And the grim battle survival and the lush harvest of the tourist trade.

A new feeling

"The Filipinos fought for thalt independènce through con- turies of Spanish rule. When the United States took over more -- than 50 years ago, they kept on

Fighting for freedom. They bat fled the Japanese

throughout

other.

World War 14. Finally, they got", their independence and thero was hdbadý steft to fight. So they started fighting exch We hope that new feeling of hationalism will bring them to thals' sensas soon.” Foreign observers here do not tare the feats somátimes ok This accounts for the tre-pressed abroad that the Philippine mandous' demand Tor American

U.S. talont

talent. Already

appearing at Savet is dearing collapse various night

that thie, country is on tho clubs are the dance team of Mary Raye and Vorst of aution. The situ Haldi American singers B

is serious

but not critical, they Johnson and Dolores

say. Grby (who starred here In Annle

These are

the major problems: Get Your Gun"), Julie Wit- The Huks the peasant outlaw.

on

son. who was in "Kiss Me organisation known as the Huks Kate" Broadway, Blane has terrorised the people of the (The Midelf) Adrian, the

Hat lands of Luzon throughout Uhe life of the republic. Its leaders are Reds who have made it a front

Merry 'Mace and others

The Mack Triplets have been dangerous Commmunist

by

to the

to the

medical commission was then authorised by the Church to here along with Sylvie St. Clalte army threatening the stability of sflidy, the matter. It ended its and clubowners have biréudy the

governments. The Philippine inquiry last month after which signed Hildegarde (at a reputed armed forces have curbed, but not the Superfor General of the £1,000 a week),, singer Rose suppressed - the: Hults - Effective Mareuinite monk took the thuat, Murphy, former chlid flim star, land reforms that would distribute precautions at the tomb for the Bobby Breen, pretty Martha Tand among the *Scasamian," or the | process that may lead to caboni- Wright who made her namo in a'farmers, are held to be

Billon...

Broadway musical last season, the only permanent These include warning to the and the Bernard Brothers; commedisident problem. faithful not to pray to Makiour

The Economys the windfall os "though he hirendy were besti-- 'fied or stanontsød, «

The rush to get American of American aid diminished during Vatican; sources sald today that talent 13 expected to increase the last 10

months, the Philippines the recent manifestation gave

becatiso the clubs with the Ameri Touaults dollar reservos dvind- new impells for Introduction of business. One restaurant effered tremely

♥♥] can stars are doing the most and for trade balances bx- unfavourable. Business 4. process for testification and singer Hetb Jeffries a hall in begun to lag. Drastle import canontiation...

exchange controls were imposed Jast December, They the leak

ans

Maktour was born in 1883 al fort if he would star for the exch

alsummer iscason.. Beab Katra, Lebanon and enter

'but economista, regard ed the St. Maroun monastery But no one experts tho Weit the contrdis ni only when he was 18 Ho was ordained End to glow brain as it did ja ler. The real answer they said, aas only temporary you m 1800 and was soon owned the Prince of Wales day, not will lie in increased export pro- for his troline, being permited von if Princess Margaret dou- ductiost, development of natural by his stations to live as bies her diready extensive scho- resources, and small Industries,

hard work and anglocity,

hermit, ka

ay wish

W/Church invertitation was began

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