1953-11-03 — Page 9

Coloured Pipes||| Germans · Visit London

For Ladies

Suggested

Copenhagen, Nev. 2. Coloured pipes for fadien to match their frocks were, urged by Danish cancer opċelatial, De Clemmescu.

Dr Clemmesen made this suggestion as part of his campaign to reduce cigarette smoking which ho claims is mainly respensible for the increase of lung

cancer.

Maur Danji Ladies, especially the middle-aged and old, have always

smokeil cherools-10 thic great amusement

· foreigners — but

younger women

clearcites.

nf

the

prefer

"It is only a matter of fashion," said Dr Clem-

· TT) (MCZ1.

"Ther: are ul.

reatly on the market mally pretty Jittle pipes. and

these could be made -lu various colours to match

their dresses."—China Mall Special.

Political Asylum Problem

Eva Peron, Argentina, Nav. 2.

The probleml

"nditical

asylum" will be aired here as a result of the Loan Government's request for the extradition of Giuseppe Cattonca arising from his wartime explotis.

The atlan Governo cat has asked for his retien de Trial on charges of rebellion, desertion, Hegal Association, Collaborations with the one.ay and three countr of homaride,

on

of

AL The Time of Mussolini'a overthrow on September 2, 1913. Cattaneo, who is under arrest here, was serving with the Italian. Navy

the island Magdalena. He was a staunch supporter of the Duce- and managed temporarily to hyuld they island in the name of the new Italian Socialist Republic which Mussolini orgenist wiler hi escape.

Subsequently. fortune timed against Cattaneo and on April 10. 1944, he was being taken by torpedo-boat 305 to Porto Vecchin to be turned over to the Allies.

Leading a mutiny, he relied the vessel after allegedly shoot- lng all thren officers on board and made for Sant Estefane, where he joined the Germans.

Dr Benjamin Bamill, defenil- ing Cattaneo,

has been wito living in Argentina for the past five years, seld that the case was a "peculi ere.

_Cationéo,_be_argued,__is_not_a common erasinal but a politeal refugee and should be protected by the guarantees of asylum" recognised by Argentina.

A further complication, he sald, was that the penalty in Italy for the crimes with which he is charged there is death, which is nol recoguised in Argentina.

The crimes attributed to Cut- lanco, he added, were sets of war and therefore palilical and milltary.

i

THE CHINA MAIL, TUESDAY, NOVEMBER 3, 1953.

A party of German politiual youth leaders in London visit the Houses of Parliament. The visit was arranged by the Central Ofice of Information on behalf of the Foreign Office. Sir Edward Beyle, Conservative M.P. 'who met die visitors at the House of Commons, is shaking hands with Fraulein Maria Niehues, Leader of West Germ in Youth Farmers,

Section.-Express Phoia.

Women's

"General Election"

In

Yugoslavia: Tito To

To Stand

Belgrade, Nov. 2.

Only one candidate, proposed by the pro- Government Socialist Alliance, will stand in most constituencies in Yugoslavia's general Parliamen- tary election three weeks from today, according to incomplete returns,

Reports from 258 of the 282 constituencies for the Lower House show that two candidates are standing in seven constituencies and three candidates in three constituencies. In the rest there will be only one.

candidates of this type of candidature hos been reported from Presta, adjoining the Greek frontier in Macedonia,

For the first time are being chosen by the voter. electors' meetings. At the

Election. last General

voters were able to record only thei approval or disapproval of an. officially nominated list.

President Tito is standing for a Belgrade constituency, "Mod

are

This method has been frowned en by the Yugoslav press which described it as a remnant of the Party system.

TRIESTE ISSUE

other Government leaders standing, including the four Vice-President:-Eduard Kardelj, In the opinion of Western Milovan Djilas, Alexander Ran-cbservers,

Government's Increased kovie und Masa Pijade-as well popularity has been

voters, Su

the

TRADE and COMMERCE SECTION

1953 Hoping For

Europe Expects 1953

To Prove Best Since World

Year

War II

London, Nov. 2.

Businessmen of Western Europe expect to record 1953 as the best year since World War II and in some cases the most prosperous of all time, a United Press survey showed today.

Production indices in most countries are at all-time highs. Uném- ployment generally continues to decline. International trade is expanding.

West Germany, racing to take its place as a full partner of the free world, paced recovery on the Con- tinent. The Bonn Republic had Europe's biggest dollar and gold reserve —'a predicted $500,000,000 by the end of 1953 -- and was the biggest, creditor of other European nations.

It expected a critical worker | (production here in the year short:ge as soon as rearmament 1038 equals 100). The foreign begins under

European true deficit was $40,000,000 for Dernce Community.

the January-June, perlod coms

the

repsfard on art-lime.

high

current

HONGKONG SHARE MARKET

BANKS

}

IK Bank 1015 1530 31620 East Asia 103

INSURANCES

Unloa

"

The outlook of the capitalist pared with the same figure for and worker alike presented a all of last year, Employment (From Our Correspondent) Pharp contrast to Russia and its dropped about 60,000 a month, Batcilities, where unrest and France has becn allocated

Business Mone on the Stock Cabinet shake-ups reffect pro-$1,234,000,000 in US aid for the Exchange this morning amount- duction failures.

fiscal year, Including ed to $130.818. Noon quotations Britain's production index $400,000,000 to support the war | and the morning's transictions:- offin indo-China and $204,000,000 SHARES BUYERS BELLERS SALES 123-120 In mid-September. in offshore contracts.

France, Britain and Australki

-Productivity reached Italy last week announced the re-167 in May, the highest since duction of barriers en Intra-the war, but worsening for- European commerce, a move ex-cign trade sitaation fore:d" many pected to benefit the rest of free Pay-offs which in turn provoked Europe immediately,

9 series of strikes. Italy had a The United States assured foreign trede deleit of $442.600,- NATO members that there was 000 in the first five months basis for fears that US compared with only $393.200.000 troops were about fo be with for the sume period last ycar drawn from Europe.

Registered unemployed reached 2,253,120 in Morch. U.S. old included $15,000,000 to bolster productivity, possibly $10,000,000 in economic funds and $380,000,- 000 in offshore contracts to date; BRITISH RECORD

no

The

at

abtervers

F! 805

....

SHIPPING

Wngerboat .. 19.40 Asla Nav...

1,33 Docks Ert.

K. Wharf Dock

Provident

153

2000 1.37%

87 100, u 1735 21.00

2015)... 12.30 (New)

1245 Wheelock 0.03 8.00 1400 @ 0 LAND, Erc.

HK Hotel 7.00 7.00 HK Land .00 13 S'hai Land 1.40 11

UTILITIES

Tram

Star Ferry

23.10 25.30

138

C. Light (0) 13.00 13.20 500 12.70 1000 13.00 C. Light (N) 9.00 9.70 500 et 9.70 Electric.*

27 Mzeno Elec. 9.00 Telephone.. 23.00

INDUSTRIALS

- Coment

Biope

Watson

18.3048.60

47.20

23.1020.40

300 @ 23

EYE ON U.S.

ccon:mists

free of Europe 41 kept a wary eye on this prosperity of the United Staicz. Where five years ago they feared that reductions in dollar nid would bring a deprS-

The United Kingdom-Pro- sion, today they predict dienster duction steady increased, reach- If even a mild American sing a provisional record of 125- flon lices European products.

Although dollar grants of the $20 in Sparber. The output for

Ma estimated [that month Marshall Plan have ended, left-about nice per cent higher than over funds. US military spend last year and normal seasonal

exports to America

mercatis were expected to swell Europe's margin. provide

of the record. Britain's foreign tec de safety.

defelt dropped to $224,000,000 As usual, most nations

were for

the cine months Chrough spending more dollars than they Sepicmars drets $268,000,000 for STORES. ETC. earned. Perennial crises boost-the same period last year. Tax ed unemployment in France by cuts were excites with increas 00,000 monthly and foreigning the home market for pre- COTTONS

aduction with resultant lay: tompered thei: eximit, with a

critically slashed user geodi, Some lade deficits ons. These were the dark spots warning of coming demands 'Itz

<therwise booming vage inges.

The Netherlands-Production But despite its dependency on index reached 154 the US dollars, Europe still keeps a quarter of 1953 empared tight grip on ils own boste 144 in your before. The zverage straps. Last week'y trude rcnthly

dellat foreign trade barrier reductions, an important through September

$20,- step to wiping out serious dis- 000,000, rightly worse than Izst crepancies In intra-Europesear. Unemployment on July 31 -commerce, gave-a-new-boost to wes-31.067-ecmpo:es-with-87,- Italy's recovery and generally 892

The Rubber Study a star previously. encouraged the smaller nations. States ald war halled year statement dampened ardour and The Manchester Guardian but $18,000,000, ricreaed to Se there was selling by disappeared headlined 1he reductions: spent. The Nether so re- holders. There war ceme trade

off- and "Proving ourselves good Euro-ezived $52.417,000 in U.S.

factory buying but the thees procurement contracts market was irregular, Prizes: plants,"

No. 1 rubber per 3b. Nov. 652-552% Unted Press,

Bec. 65-55 Jan. 85-853 No. 2 rubber per 1b. Nov. 511-84FM tio. 3 rubber per 1b. Nov. 62-21 No. 4 rubber per ju. Nov. 4711-472) Spot rubber unbaled... 64553 Blanket crepe No, 1 pale erepe

IT.

an

cconomy.

Fer

U.S. WARNING

was

Att with

The Rubber

United

NEW YORK

STOCK

MARKET

Markets

-Singapore,–Nov. 2

Group's

Agreement

Washington, Nov. 2. Represtitatives of eption Froducing and consuming Nations today expressed hopes for an International

which agreement

would bring stability to world's cotton trade.

The view was exprossej by delegates at the opening Besson of the Internationa Colton Advisory Commitico conference here which has convened to study buch a pact.

GRAINS IN

CHICAGO

Chicago, Nov. 2.

Prices per bushel in cents;

Wheat, No. 2, red

Spół

100-0/10 100%-1

202-2014

200

Dec. 198 (11) 1601 (1)

March 1954

the

May

July

Corn. No. Z yellow

Boat

Dee.

1472-4

March 1934

13172

MAY

102-15

July

Пус

Dec.

March 2954

123 1792-130

Dati Dec.

201

March 1934

75

Soybeans

due to

The conference. last 11 days, is being at- (ended by delegates from the 28 member nations of the Committee, with ob- servers from more than 30 other countries also present. Reuler.

LONDON TIN

MARKET

London, Nov. 2. The tin market was easier. Turnover was 80 tons of which 30 tons were for east. Closing prices: Spet in, buyer Business

Briters

3.ments tin, buyers

Businers Settlement

$13

8pol Nov.

Jan. 1934

Moreli

Moy

July

Barley'

Spot

27A nom.

218 20111-1 28235-1

2012

2704772;

130-101 nom

New York flour, 500 ID, sack #14.15

-United Press.

Purchase Of Sugar

Tokyo, Nov. 3. Japan will buy 10,000 tons of unrelined sugar from Indonesia under the foreign exchange 4171 budget for the second half of the feral year 1954. The Government whil allocato $1,200,000 for the sugar. United Press.

420

railers

601

GDA

United Press.

Decline In Price

Of Rubber

Worries The City

By NORMAN CRUMP, Sunday Times City Editor)

* London, Oct. 25.

In the stock markets, the recent fall in the price of rubber is causing some anxiety.

At the end of 1952 rubber was quoted in London at 274d. per lb. By September it had fallen to 19d, per lb.

Since then there has been a further sharp fall, and last Friday's quotation was 161⁄2d. per lb.

Bew

BARCLAYS BANK The decision by Barclays Bank

simplify its capital is

The bagle cause of this But new purchases in this field debacle is that there is too much should be confined to shares in rubber in the world, but for companies with high yields and Ewo ...... 2.25 Textile Corp. 6.30 6.45 3000 @ 6.33 | greater

precision one must low casts, and in particular to examine recent American de- those companies who were able velopments.

to replant after the war, but To begin with, the decision long enough ago for the was taken some time ago to hand trees not

now to be in tapping. the American synthetic rubber' Today good replanted estates industry back to private enter-yield 1,000 lb. an acre each year. prise. To implement this de- compared with 350 or 400 lb.

Bill was passed a short before cision,

the war. These facis time ago.

show which shares could be But in its passage through bought, but even So the Congress this Bill was so man prospective investor-would-need. handled by the Senate that now his full-meed of courage. that it has become law the re- sulting Act is hardly werkable. Thus the presp:et of denalien alising the synthetle rubber to industry has become distinctly precedented, in the senze that it is almost impossible to recall a STOCK-PILE SALES previous case in which a leading Now were the synthetle plants bank capitalised part of its to be handed back to private reserves. Nevertheless the de-

the door would becision is logical enough, enterprise, open to free competition between

years past, Barclays Bank natural

have end synthetic rubbie.

had two main classes of Even this would not end the stock, consisting of £3,430,350. stury.

Natural rubber does not of "A" stock, with participating keep indefinitely, and so the lights up 10 D

maximum American stock-pile has to be dividend of 10 per cent; and continuously rotated."

£11,760,811 of "B" stock with New recently the practice has full

These are équity beer to sell to consumers rubber now to be counted. cft the top

the stock-pile. the holders of "An stock will 10%-15% and to replace it, not

by also get full

rights. Squity Furthermore, holders are to get a three-for-

44-43

United Press. LONDON MARKET

London, Nov, 2. The rubber market was steady with No. 1 Rta nos saraber quoted at 10-5/10 pence pir Ib. Prices: Epot No. I TOÀN

10%

Settlemont fiquse terms:

Investment buying of "blue Nov. Dec.

as the Foreign Secretary. Koen in pre-election weeks by Presi-

Bellain agreed to free three- Popovic, and the Army Chier of dent Tito's strong opposition to

fourths of European imports by Peke the Anglo-American decision to taking her quote-free limit from Colonel General Staff,

give back Trieste zone "A" to 38 to 75 per cent by the end of Dapcevic.

The electoral low

the year. It also increased the provides Italy, that as an alternative method a

tourist travel allowance of Bri Vice-Presidents, One of the

fish citizens from £40 to £50. The hearing is expected to jest candidate may be nominated, M. P.jade, writing In Politika

France, although hard-pressed sonic time. China Mail he collects the signature of 200 today, said: "The electoral camconomically, for

liberalised the Special.

fer, only one case paign was affected by a surprise import quotas from eight to 20

issue, the crisis created over the

cent, mainly for raw Trieste queshon by the decision materials. The move was in of London and

ultra- Washington, acknowledgment that

strict barriers might provoke rochip" industrials which all our peoples rejected in complete union and with tallation from her neighbours.

stock market. Britain and Austrlu

Gains ranging to more

lifted the Industrial a point "This increased to an exten- the Paris conference of the Or-

to its best ordinary degree the political ganisation for European Econo- Average 01 cents interest of the widest section of mic. Co-optration just week,

level since August 13. Utilities also climbed 25 cents to the people."

They gave partial recognition to US delegate Harold Stossen's warning that trade barriers are "an important deterrent to the best use of cur resources and to of goods and the free flow capital."

PENINSULAR

SAILS:

& ORIENTAL Justified bitterness.

STEAM NAVIGATION CO..

R.M.S. "CHUSAN”

NOTICE TO PASSENGERS

BAGGAGE:

Local elections took place in fratories and farms in Yugo- stavla yesterday for diffrict and municipal

councils producers which represent the interests in local government of the working popuation.

Their members will also form elecioral panels to elect mem-

Wednesday the 4th November at bers of the Upper Houto or 12.00 noon for the UNITED KING-Federal Council of Producers, two days after tha general DOM via Stralis, Colombo, Bombay, elections to the Lower House Aden and Port Said.,

China Mall Special.

Passengers are requested to send ALL baggage to the Hongkong & Kowloon Wharf Co.'s Godown at No. 2 Gate, CANTON ROAD ENTRANCE, by NOON on Tuesday, 3rd November 1953.

Best-Dressed

Men?

For decisions at

Melbourne, Nov. 2. A seven-months' lour had SPECIAL NOTE: With the exception of hand packages convinced him Australian men In the were the best-dressed

The nation-by-nation survey Included the following:

THE LARGEST

109

nebulous.

of

For

and

Unt-

101-10% corresponding purchases but by

by a make-weight the "B stock- promises to buy.

103-17 104-1815

New York, Nov. 2.

bolstered the Jan/Mat.

April/June than July/Sept.

CIF basis No. 1 Rus

101616 a new contract has been evolved, five bonus issue from reserves. Estate crepe thick thin

whereby large users can place 18-13 orders

The Intention is to pay future for six months ahead, and dividends of not less than 10 per NEW YORK MARKET

small Laers for thirty days cent. New York, Nov. 2. Rubber futures closed 60-80

bit.

their best since last April 22.

soltened a Ralls clone

declines for widening. Friday's a drop of 24 cents on average. Volume for the session sandwiched end and a holiday-

-United Prebs.

ahead.

This

present

means that the stockholders will receive 10 per cent.

got

The result is that dealers, in continue to tower with tales of 60 contracts. both London and New York, but the "B" stockholders will

The lower trend is contracts have been by-passed, and there 10 per cent, instead of last year's reflected the action & primary is little real American

between a week. markets and an indiferent trade natural

demand. dwindled

December

May July

December

a 1,340,000 shares from 1,400,- March (1934) 000 on Friday.

Best gains came in issues such september

1% to Johns Manville, up Germany Booming $62, Standard Oll of New West Germany had the largest Jersey, up 13% to $73%, General bank eccount with the European Motors, up to $014, in antici- payments union, which

Weit

com

10.70 10.00

buying of 14, Fer cent. This intention bas rubber. Hence the been Implemented by the declining market, which ex- decision to declare for 1953 a acerbates the situation, for It recond interim dividend (in- 10.30 induces, such buyers as there place of a Onal dividend) of a 10.00 are to hold back in the hope of magnitude equal la 10 per cent,

a lower price. 10.BS

for the year.

19.08

CLEAR NEED

-United Press. AMSTERDAM MARKET

ለ! the moment the Manage- TWO FUNDAMENTALS Amsterdam, Nov. 2. ment Committee of the Inter- Superficially it appears that zollernational Rubber Study Group is the "A" stockholders are gaining

however, i1

ordinates money exchango to pation of dividend action.

No. 1 rubber por B. November 1.63 Rails for the most part moved No. a rubber per ib. November 1.62 meeting in London. This pt the expense of their "D" col- balance intra-European trade.

Stoels were mixed No. 3 rubber per ib. November 126 really a steering body, and one icrques, This, The foreign trade balance for

No. crepe rubber per b *** 167 is waiting to learn the outcome making far too heavy weather of the first nine

months of 1953 1:sues traded .480

was $338,100,000 and is expect-

ed to reach $800,000,000 by closed higher, 359 lower and 200 January 1. West Germany had uncha Kew York Stock Exchange a trado deficit of $1,113,700 in 1940.

The total gold And dollar reserves had grown from zero, 1950 to $980,000,000. The pro- Index reached 154 the year 1930 Employment was

Germany

duction equals 100),

carried by passengers themselves, work, a director of a group of production in

10 utilities

40 bands

The

bond

in

volume was at $2,980,000, The American Stock Exchange volume was 370,000 shares.

Dow Jones closing averages. 30 Industrial 20-mail

281.72*

07.02

51.30

08 stocka

103.01

07.00

Comm. future price index 157.49

TO

** Subject to confirmation--United

Industrial

Index Washington, Nov. 2.

United Press.

of its deliberations,

a theoretical point. What

wanted is clzar Whether the present or enough. It is a decision by the proposed capital structure is in

the

Exchange Rates Americans to hold back sales of force, it is thechceivable that the

Dusiness was done unancial

rubber off the top of the stock-present or future "B" dividend cut down their would be affected by as much as In the local plle, and

Bank dividenda synthetic. This 14 per cent. Productien would appear to involve today are governed by far wider

considerations. 692 sacrifices by them, but it

be a small contribution towards

There are two fundamental

exchange market morning at the following rates:- US dollar (per 1)

Sterling notes (per £7)

Indonesian Fuilders (per 100)

Slam teals per 100)

Singapore (Btraits)

Indo-China plaires 'iper '1501

Copra Quotation

80 economie stability in South-East points. First, Barclays havo they themselves followed the National Provincial

Asia, which

regard as "a derologie top importance."

Пса

of inertising their dividend.

Second, Barclay's have fell Meanwhile, what should the able

average rubber., shareholder do?

to

fiko View

glit-edged hadings

My feeling is that he should and doubtful debt reserves hold on..

ALL BAGGAGE must pass through men's stores, Mr Eric Rogers, fist under 16,000,000, up 000,000 the Wharf Co.'s Godown for loading sald. on board by ship's slings only.

over lost oct American and Preak Mr Rogers, who tourned Eng-ceived no Innd America, Europe and South during the 1932-63 fecal year, BAGGAGE COOLIES WILL NOT BE America, said: "Australia men bus obtained $84,000,000 in off- PERMITTED ΤΟ ENTER THE are more clothes-consious than here

procurement controcia any others I saw Australian front the United States.

New York, Nov. 2. WHARF.

"At their present low rufficiently favourable to jusury materials are among the world's France Strikes, Government

Copra was quoted today at prices many Indonesian shares their... taking | £3,163,307 from Leut

crises and war expanses made

· The Federal Rerve Board's $317.50 per short ton, asked, dra covered by the cash recontingencies to help cover the EMBARKATION: Passengers should embark between

Higlier living: standards In France: the dark spot of the Index of Industrial production til.f. Pacife. Coast. Coconut sources hold by their companies capitalisation of reserves. 9.30 and 11.00 am, on Wednesday, | Austrália worey Ba Beléved, the Continental economy....» Produc» | for Hepteraber is: 232 and its oil war quoloɗ at', 17 'cenit, | In England; and many Mátayah From the Investor's stand. 4th November.

reason for Australian superiority. tion for the first six month was estimate for October in the acked, e.l.f. West Coast, shares represent.....a · very low point, everything else is of mince --China Mall Special.

148.8 compared to 144 for 1952|same,—United Press.

United Press.

valuation per acre.

importance.