1953-11-11 — Page 9

and COMMERCE SECTION

THE CHINA MAIL, WEDNESDAY, NOVEMBER 11, 1953.

Trouble Spot In The Middle East

INDUSTRIAL BOOM

NON

LEBANON

FLAKE HOLE

ORDAN CANAL.

ACRE

ISRAE

@GAZA

NABLUS JORDAN

SAMMAN

JERUSALEM

HAIFA

'TIBERIAS)

SYRIA

DEA OF GALILEE

NAZARETH

IDEAP

AFULA

ZUBUBA

JENIN

BESAN

BEERSHEBA

❤HADERAS

EGYPT

INDUSTRY IN 1948

|_ 2257_INDUSTRY SINCE 1948

TULKARM

NABLUS

KALOILIYA

JORDAN

TEL AVIVES.

RANTIS

JAFFA

KIBYA

RAMLE

BUDRUS

TIBNA

MEDITERRANEAN SEA

ISRAEL

EMIGDALO

GAZAS..

ERAFAH!

BEERSHEBA

EGYPT

BORDER INCIDENTS DEMILITARIZED ZONES PLANNED IRRIGATION

BEIT NABALLA,

AMMAN

JERICHO

JERUSALEMA

BETHLEHEM

ZIDNAS

HEBRON

DEAD

DAWAYIMA

ESEA

BIR ASLUJ

AUJA

NEGEV

MILES

AP Newsfeatures

25

Feud

Why The Arab-Israeli

Could Explode Into War

Why is Palestine, the Holy Land disputed for centuries by Arab, Christian and Jew, again on the brink of war?

The answer is not simple. Causes involve ancient racial and religious rivalries, a vigorous, new State in the old Middle East and inter- national bungling.

of

Are Imposed by the Nations more than four វាça.

United on

water

four

Is

When completed. israel's Actually, there is a technical salt troops, using morlars and

irrigation system will link the state of war between the new Bangalore torpedoes, took part.

by country's rivers and lakes her Arab State of Israel and

denied that Dav Tri-Axy neighbours: Egypt. Jordan, army

units were involved. A long-distance canals and pipe- and Lebanon. Syria

All that epokesman said, however, that lines, providing water require-

for more than prevents resumption full-such milltary

equipment had ments

people

than more scale fighting is a shaky cease-been issued to Jewish settlers million

for defence.double the present population. the frontier years What was operating, apparently, The problem Is to take

was, the old Babylonian code of

from the North, where eye for an eye, a tooth for is abundant and land ker and Since then, Israel

a tooth."

scarce, to the South, where the have signed no neighbours

19 'a dynamle new urid Israel

Negev is virtually un- Border

retaliatory State, growing fast in a region populated," bloody rlds have been frequent.

that is old, eroded and saddled

It is in the Negev that Israel with the despolism of centuries.

11.8 Some provisions of the UN.

growth. greatest Not only Israel's Arab neigh-expects armistice have not been carried bours, but all Islam fears that Deep drilling "techniques with

not out. Jerusalem has

Israel modern machinery have led to The New heavy immigration into internationalised. City is held by Israel, and the can only mean eventual Jewish discovery of rich water-bearing

Israci

was stratos in the northern Negev Old City, with Christian and expansion. Since Jewish shrines,

by proclaimed a State on May 14, near Beersheba.

has multi- 1048, 115 population Jordan. Arab

havelled nearly three times-from

850,000 to 1,050,000.

peace treaties.

tions and

held

vlola-

been

to

refugees not been repatriated even those Palestine areas left 10

lem under the partilion.

line

and

countries were

PROBLEM OF EAST-WEST TRADE Conflicting Pressures Put On Administration In Washington United States Still Without A Well-Defined Policy

New York, Nov. 10. East-West trade, especially Western Europe's trade with the Com- munist bloc, has bedevilled the makers of U.S. foreign policy ever since the Korean war started, the U.S. News and World Report said in a trade article.

Two Administrations → under Harry S. Truman and Dwight Eisenhower have been pulled in opposite directions, the report continued.

At home there is popular demand to shut off East-West trade; but abroad there is still pressure to let it expand,

Growing Problem For SE Asia

HONGKONG SHARE MARKET

(From Our Correspondent)

Business done

on the Stock Exchange this morning smount- ed to $010,207. Noon quota- tions and the morning's trans- actions:

SHARES OUTERS SELLERS SALES

BANKS

The current world, surplus or tin and rubber presents South-Eastern Asia with AN Senator Joseph, tremendously, That was when problem of growing com- McCarthy has spearheaded the strategic controls were still plexity, says the Financial

with in effect. Now there is grow Times, drive sil trade NEW YORK Communist China and to tighten ing pressure in Europe to scrap

STOCK MARKET

New York, Nov. 10,

In the US.,

JK Bank

... 1510 East Ala... 172 INSURANCES

Lombard... 0035 BOIL Unlon XD, 80215 843 IL HK Fire

183 SHIPPING

Waterboat

21810

39 170

1.35

2300

19.00 700 i 19.00 1.33

Asla Nav... DOLKS, ETC.

Dock

21.00 Provident (0) 12.30 12.00 0000 m 12.00

(N) 12

2 0.50 0.00 100 4.0

10006 0.00

2.85 7.00 2300 @ 1.83

the controls on trade with the there controls.

A world surplus of between rest of the Soviet bloc.

30,000 and 40,000 tons of tla is In

Some 200 British businessmen ikely, this year, but, depending Western Europe business

pres-

how ON sure on Allied Governments to gathered in London a few weeks

the Reconstruction relax controls on strategic ship-go to demand just this,

Finance Corporaton in the U.S. Meanwhile, Western Europe's disposes of its tin contracts with ments has mounted steadily in

with Russia and its Boilvie and Indonesia, the

S'hal Dack.. the past year, especially

since frade

satellites

Wheelbek has been dropping. plus next year could be smaller. the Korean armistice.

For the first five months of this This, of course,

will

LAND, ETC. only happen year, it was well below the 1952 if the present level of industrial level. The trade deals Moscow activity is has made in Western Europe there has been an encouraging maintained. But

Bur

of this

The report cald these opposing political pressures have put a real Stocks gave ground today in strain on the Western alliance a dull pre-holiday session.

At the same, time, they have The declines, while amount-opt the U.S. from forming a recently may push the year's re

on East- total up. Even so, this trade is improvement in US, consump

carlier part tion in the ing only to a few cents in most clearly-defined policy

not likely, to give Washington year and, at the present price un instances, were enough to give West trade.

uny headaches this year,

is a much more cecnomie pro- the market it most severe deeling Now the Administration has

Now the Administration's new position, for censumers than I since September 14. The drop taken the bull by the horns

emphasis on enforcing controls was a few months nga. WDS attributed largely to and set forth firm though over Enst-West trace mean irzders' reluctanes 40 semant

mit niddle-of-the-road-poltes. is a

The difffeulty which rubber war ..stepping up the

against over the holkday report themselves

is more, serious especially in view of recent Harold. Suisson, Director of the smugglers from Oslo to.. Hong-producers face

and it is one for which it is hard kang. sharp rises which carried the Foreigh Operations. Administro-

Stassen's report for the first to see

zolutien. The chilet list to new recovery highs and tion, tried to get the issue out time raised a corner of the cur difference between the two com- made some profit-taking лест

of the

Political arena and to re-

1niza of tecrecy that has modities is simply that there Is in order.

move Inter-dilled friction on the

blaniceted this underground 10 synthetic tin. wthout giving struggle. It reported cloak and subject though

cu ecntrols way at all

dagger Incidents like these: shipments. strategic

The Stassen report cut two ways:

I

Contrneticn in volume-to 1,340,000 shares from 1,440 000 shares yesterday-was seen as favourable factor, and com- mentators generally looked for a further phase of the rally following the holiday.

The dustrial

lo

Congress recenlly

over

1

With the price of rubber at its prezent low level, which is in many

instances below the cost of production, the existence

ON THAI BORDER Last August a posse of Thal of many estates is in jeopardy. police walted in the dripping For the Government of Malaya, Tholland- | the problem of rubber is not Jungle dawn on the

churned Laos frontier., A · cur

merely a loss of revenup but a

trade toward them along the mud-metter of the profatitidest

D

SURPLUS SUPPLY

MORE IMPORTANT Stassen takes issue with the desline pored the in- McCarthy view that all

averages $2.37. cul with the Soviet bloc is bad. The w rails 80 cents and utilities six report stressed that the overall red road. The poste epened political importance.

* fire. The four occupants of the vents with allowance for ex-political, economie, end mliitury | dividends weighing the strength of the Western allance the car were two bazookas,

car surrendered. In the back of

averagea.

is mare important than West- } 100

Home mortar, a gun, seven grenades, Out

of 1,102 issues iradea East trade in non-strategic items two complete acid transmitters there were a few good gains in even a few isolated frude and receiving sets-bound for He deals with Communist nations the oils-two points in Pan

mises Chi-minh's Communist guerillas in strategle goods. It recognises American Petroleum, 114 that many U.S. altes dependin Indo-China,

on foreign rade and Across the world, in the free heavily

of Copenhagen, 籍 Iew can't afford to pass up markets a port

anywhere. months earlier, a cargo declared of supply

10 What's more il repudiates any landed"

be alloy steel was being un-

far Transhipment attempts by the U.S. alone

Rotterdam. One case toppled Ex-throttle East-West trade.

Berber Oil, Tá orch in Cits Service and Pacific Westeri.

Steel changed.

stocks

The

were

Stock New York change bond volume was $2,770 000.

He

at

sources

HK Hotel

11K

... 04

BOB 84

200 04

400 CF 05

Shui Land 1.35 1.45 5000 in FAN Humphreys, 10.00 UTILITIES

Train

..... 25.79

Star Ferry 137 C. Light (D) 13.

leht (N) DAN

Electric ... 27.70

Memo Elec 0.00

3000 @ 16,70

1000 25,00

139

“14 1000 47 KLINI

$300 13.00

Don > 23,60

1100 of 27.70

Telephone ..20.80 23.00 784 (231;

INDUSTRIALS

Cement STORES, ETC,

Dairy Wation

200 25.00

10.30 1814

23.30 23.40 4100 22.30

00ה 25

23.00 Crawford

COTTONS

Ewo

2,45 1000 @ 24235 6000 @ 2.40 Textlio Corp. 4,00 7060-04 0.05

The Rubber

Markets

Dec. 5013-07 Jan. 861-57

In the first half of this year,

Singapore, Nov. 10. world consumption of natural

After opening slightly lower, rubber was rising to meet pro- duetion, but this trend appears the market steadied with sellers now to have been halted. The reserved all day. Prices: original surplus of 193,000 tons No, 1 rubber per lb. Nov. 2011-5715 forecast by the International Rubber Study Group for this No. 3 rubber per lb. Nav. 53-559 year may not, after, all, be so No, 3 rubber per lb. Nov. 83-53

No rubber per lb. Nov. 484-4013 wide of the mark...

Spot rubber unbaled

50-50% Blanket crepa

03-55 There is no prospect of any No, I pale crepe

United Press, to the whart and broke open. immediate action from the Lon The U.S. News and World

LONDON MARKET The Danish port officials Imdon meeting of the group and, Report said that Stassen pooh-mediately

London, Nov. 10, ordered the whole at the same time, the proratec the belief

The rubber market Wos The American Stock Ex-poohed

confiscated. The ship made In May by American steady with No. 1 Ras spot 300,000 abroad that Western strategic cargo

was high-grade nickel representatives at the Copen-austed at 10-15/10 controls arc cutting Allied ent

pence pr 11sed

Kun barrels

and hagen moeting that, the US. b. Prices: Dow Jones closing averages: nations off from vast, profitable

alloy steel would buy as much natural No. 1 spot Rs 16-15/16-17 markets, The eat xcal 273.89 Eastern

is of much less strategie { rubber, as was offered at prevail. Settlement llauna terins:

Dee 07.41 | reasons for "the" sharp drop

The importance.

ing prices will not be translated | Jan/Macch 51.30 trade with the East, says

Palice are working on the into action. 45 stocks

105.50 report, are the Kremlin's drives ease en suscipion that the nickel

absolute

of control 07.20 for

the 40 bonds

bound behind the Comm. future price index 159.70 Communist economic system and

-United Press.

Intensive industrialisation of the satellites and the ponderous inflexibility of State-controlled economics.

change volume Wus shares,

-30. industrials

20 rolls

15 utilities

Output Of Rubber

a

growing

munition, not

four-

its

|

Wits.

to

Apri/June

July/Sept.

Ciť basis, port Dec...

17-1716~

17-172

1815-17 Jan. 174121

Estate crepe rubber thick unquoted

thin 19

United Press, AMSTERDAM MARKET

Amsterdam, Nov. 30. The rubber, market was quiet

import agreed

inter-

with

cr- succeeding.

The law uses a complicated restriction plans which were nol No. 2 rubber per ib. Nov... stem of international

the

U.S.

buyers could effectively prevent any No. 1 rubber per 1b. Nov. 1.09

from No. 3 rubber por lb. Nav.

No. 1 crepe rubber United Press.

1.04

1,50

137

endless

NEW YORK MARKET

Iron The solution might seem

be for the producers of South Curtain

And so the trade war goes on.

East Asia to band together to Smugglers

their LSO one sci of control output in

own weapons: forged documents, interests. But this again is no bribery, razzle-dazzle shuttling real answer to the problem. For What actually emerged from of contraband cargoes from ship the existence of the synthetic but steady, Prices: the Slussen report is a

10 ship and free port to free rubber Industry in the U.S. point policy on East-West- trade: port.

The U.S. will continue to seek Allied backing for curbs on alrategic trade with the Soviet

ou export censing, bloc as check-rein On national agreements on

And from the strategic point

New York, Nov. 10. But: milltary build-up. Washington, Nov. 10.

lists of embargoed goods, Inter- of view the U.S. cannot be

Rubber futures closed 40-35 ship blamed for nurturing the Tac

MORE FLEXIBLE" national agreements on Commerce Department

of 7 chartering and bankering con- synthetic industry, The prob- polrits higher with soles reports that world production of

Washington will use #

more trois. To gain even partial lem of natural rubber Is not, contracts.

centred in the Mert intercs? have therefore, one which natural rubber in September

mounted to $40,000 long lons flexible yardstick in judging victory, the West must the

Spot No. 1 Rus the East is ght co-operation amon bringing the total for the first what trade with

handled alone by producers nor spot market.

international were quoted at 2012 cents per lb. Allies and unremitting vigilance by

by slow-moving nine months of the year to harmful.

1024 | December 1.265,000 tons, according to

The U.S.

discourage among customs men and host conferences. It needs to be March (1954) won't

Govern- May the Soviet of other officials-United Press. faced urgently on a timates. of the Secretariat of the Allied trude with International Rubber Study Union and Eastern Europe in

ment level and it can only be July

September Group.

solved with the co-operation of non-strategie roads. The Ad-

Decenthtr icels that C51 Output in the first nine months ministration

concludes. balance Western Europe gais as of 1052 was 1,295,000 tons.

from World consumption of natural much as the Soviet bioe rubber was estimated at 132,300 this trade,

The Administration wlli moka lens In September, 1,170,000 tons

tun be

Commodities Inthe U.S., the Financial Times

America

LONDON, TIN MARKET

New York, Nov. 10. Leading commoiy merkets were active with coffee and cocoa in the lead, reflecting the

London, Nov. 10. and pre-holiday covering,

The day market us easier. Spot Grains were narrowly mixed fell £711⁄2 do £0174, and fh;th-

these figures totalled 9.350 tons, desperate need of Western goods armness of the primary markets |

--to

to

the sue

tor

Turnover was 85 tear-of

Spot in, buyers

Ballers Business 'd-month tm, buyers pellers Ilus!

Settlement

DIA DROG

20.43 bld

20.4 bid.

20.43 bid

2045 Did

20:45 Dia

-United PreEK.

Exchange Ratės

Business was done in the local

_market this unofficial exchange murning at the following rates: UB. dollar, (per: 45) **** Starling notes (per 1) Indonerten guilders (per 100) Blam Beati (per 100) Bingapore (Straits) Indo-Chine plastres (per: 100)

London, Nov. 10,

Japanese bonds

BOTS

"A" (4 of 1800) ug 245 of 1910) "C" 5s of 1907)

45

114/

87:

143

70%

60731

Küsited Prim.

ARADS UNEASY

in January September, and a distinction between Red China 1,007,500 iers in January-Sep- and the rest of the Communist

camp The descrt appears to contain

itmber, 1952. Estimated imports

US. omelets think Mao is in In five and one-half years, a veritable

DI storci jute

to Russia and China Included in Stato has minerals. Exploration has un- Many of the armistice terms the new Jewish have proved difficult, if not mechanised Its agriculture, in- covered deposits, of copper,

85,050 tons and 112,250 tons,both non-strategic and strategie The creased acreage under cultiva polash, phosphates, some of the

io carry out his plan for impossible, to administer.

respectively,

dustrialisation. So the U.S. truce line and demilitarised in by 250 per cent, founded a finest glass-making sand in the

for continue

as traders evened up before the months £342 £00 per long JAPANESE BONDS zones cut through towns,

of new industries and host

Up.7,500 tons from the Decem-will world: ceramic clays, mica and

ber 31, 1952, position, world tougher curbs on trade with Government crop report. separate villagers

their embarked on a gigantic national porcelain. from

he At Chicago, wheat closed un lands: Formers, who have to Irrigation programme.

stocks of natural rubber at tho China until Mas proves that changed to off, soybeans of which 73 toro wire for cash,

were has The Arab world has watched work to cat,

dropped his cross the

The inset on the accompany-

end of September. 1033

***xpansionist repeatedly.

pizerd at 823,000 tons consisting plans. But for wen't be, any to up tent, ing map shows how Industry uneasily the booming growth

AT

Winnipeg,. wheat Was work of Israel's population, industry, of 235,000 tons in. producing ultimatums to Western Europe Recent border Incidents have has boomed in Israel.

its ambitious countries

tons in con- on this issue; the unity of the priced at 182 cents per bushel raised the Arab-Israeli, tension on a Jordan River public works agriculture and to what Muj-Gen. Vagn Ben project was being rushed until irrigation and power projects cou

e - (excluding Western alliance will be given for No. 3 Northern, and for No, suming

of D. 165 cents-United Press. Russian and Chinese stocks and precedence over nike, the chlor U.N.

truco Israel agreed to suspend. opéra- while its own

Government stocks in the United China, trade. supervisor. called the "breaking tions, pending U.N. Investiga-virtually standing still. point." When feelings run tion of a charge by Syria that

There is nothing radically new diversion

of the United States, the United Kingdom and The failuru General Bennike the

project that high,

Nations to put through inter- warned tho U.N. Security violated armistice terms.

[nationalisation of Jerusalem, to

Excluding USSR, the synthetle down in black and white for the Council in New York, "guns

MOVING FAST

Implement repayment of dis rubber, production in September Brat time. And that's already Ad off by themselves" and the

placed Arabs for their vast was 67,800. tons.

helped to clear the air between temptation

force 19 to use

Israel's national Irrigation property holdings, to forec In January September 1953 the U.S. and its allies. almost irresistible.

plan, shown on the large map, }{hrough ✡ settlement of the world consumption of natural BOUND TO CONTINUE is still in the blueprint

stage refugee problem, all have con- and synthetic rubber totalled but preparations. Bre moving tributed 10 ancient Moslem 1,825,800 tens compared with Still, the tugging and hauling New York

1.720,000 long in the same pero East-West trade is bound to go The latest explosive Incidont fast. Two modern pipo manu suspicions.

United States was an Israeil rald on Kibyn, facturing plants were establish-

These have built up into an

Cunt a Jordan frontier village, which led last year. One makes steel

sumption increased to 1,050,940 on: That trade is now expand-arch followed by 48 hours an Arab pipts from imported ores, the explosiva situation which, as Bennike told the U.N. cement Gen.

tona from 917.026 tons and Ing in just the ured-mainland Copenhagen

Stockhoun rald, on the Jewish village of other turns out huge Yehuda whero.

domestic sources. Security Council, endangers the foreign consumption excluding Chinh hat the US. Ukes toast. mother and sections from

pumping security of the Middle East and Russia and Chino dersized to During the first five months of an her two children were stain. Last year 30

725.600 tons from 609,800 tons, 1953 Western Europe'strado Hamburg the security of the

Baked Mar were

completed on with it The Israeil raiders killed 53 stations

[with Red China shot way up world. Associated Press.

United Press, Mordanians. UN. Investigators 'regional irrigation projects.

OLD CODE

water

now

:

"D" (65 of 1924) “g” (54», of 1930)

(Tokyo 548 of 1926)** "G" (Tokyo is of 1012)

France) and 102503 tons afloat. in this policy, but it's been out London Foreign London Metals Consol

Montreal

Exeliange

within the Western world over Amsterdam

London, Nov. 10. The metal markets, were all steady, Turnovers London, Nov. 10.

· Wero - 700, 1901 1710-21 3/18 150 and 900 tons for copper.

ilcas and zim. roepertively. Ben

Copper

buyer sellers

221

140120-140.30

19.5315-19.30 17,2016-17.201

79.81-00.10 12.70-1.714 20 1/10-10 3/14 United Press.

Spot.. 3-mantha

Notember Furuary

Zine

November

*75%

February (134

2748

Unlled Press

-United Press.

BOMBAY COTTON

Bombay, Nov. 10. Valuss steadily deteriorated. onthe, collon – exchange today under the impact of continuoLIS liqulilation by, butis, beard yand option dealers,

Prices receded gradually, giving away mil of Tast week- end's galni There was no buy. ing enthusiasm.United Press.