1953-11-19 — Page 9

Egypt's New EXPLOSIONS ON TRAIN

National Guard

Commando Training

Cairo, Nov. 18.

Thousands of young men, among them clvil servants, businessmen, students, and workers are joining Egypt's new National Guard or Home Guard. Many of the recruits have in recent months

undergoing been Commando training.

Units, established throughout the country, will be under the <ifreel control of itse Com-' mander-in-Chief of the Armed Forces, General Abdel Hakim

Amer.

Volunteers, between the ages of 17 and 40, will be required to rerve for perioda of cle- mentory and annual training and in an emergency,

They will be rolled up for fifteen days' training every year he will be subject to milliary jaws and regulations.

Their

salaries und WATOR during the

15 days training will be paid by their Lmployers. But if they of required to un- dergo training for more than 15 days, thele further #alarles will be borne by the Govern – meat.

Volunteers

will be indemni- fied by the Government for in- Juries or illness during training or while on service,

Male Kumat el Din Russele. a member of the Revolution Council. and Chief of the National Guard, said that every effort was being made to speed- of the ntb tlho organisation force.

One of the wrecked cars of the Algerian express in which seven people were killed and eleven injured when three bombs exploded on the Casablanca-ágerin service Just after it had left Rabat. The firal bomb went off THE PURPOSE

in the toilet compartment of a first class carriage. As a second explosion the guard tried to open the door Homa of ດ

occurred. "is to make

Almost simultaneously another bomb the notion ready if war coma,

exploded in the toilet compartment of a second class carriage. The crime is believed to be a political one.-

London Express,

"The purpose Guard," he sak,

In these days of atomic energy. wars will no longer be fought between between armies but armed na lons. The people have 10 rally round the Army and one of their chief tasks is to pro- vide on efficient

weli. and

trained Home Guard as a Fu- .serve.

"The Brish have Iried in the past to make us believe that we are not

nation. a warrior For a lime that was a gentrally accepted opinion even in Egypt. particularly when military ser

vice breme a farce

through

a

there due for call-up being able to, buy exemplior for pounds.

"There days have gone, Some time ngo we established terin- ing camps for cornmatidos. The Home Guard will form theso Into commando volunteers units which can be called on

in time of need.

"The Home Guard will pro- vide a trained reserve at little cost to the Fatherland and when it is completed units all over the Country will stand the army ready for duty need arises.

behind

EN

"Every Faculty in our uni-

vemities will establish a flome Guard unit. Every big sccund- ary Fehool will have A unit. Every industrial

centre

will Jave its units."

WOMEN HELPERS

Women are to be allowed to help in the activities of the Home Guard. They will be re- cruited us nurses and ambulatter drivers.

Egypt's new.regime has also announced the formation

at a Terri orial Force which will be regarded as an integral part of the Regular Army.

Side

by side with the more Intensive and extensive military training of the country's young mzn. Egypt, according Lo Qie Minster of War, Wing-Com- mander Abdel Latif el Bogdady, Is following a polley of arma standardization.

"Armi factories are being

Our

established in Egypt and target is to make curselves self- sufficient," he said. "A number of factories will shortly s.ari

to produce arms. As they come Into production they will run at full capacity one after the

"Theso

other.

arms factories will help in the industrialisation of the country. employ a great number of skilled workers, and will save

enormous suns of

They

will arms, and China

foreign currencies.

not only produce 1raciers, machinery

machines.

j

Special.

but

Mali

The Public And Atomic Warfare

"

Belgium Tackles Unemployment Problem

Brussels, Nov. 18.

THE CHINA MAIL, THURSDAY, NOVEMBER 19, 1953.

TRADE and

Improvement In UK

COMMERCE SECTION

Russia's Need For

Trade

Rayon Trade With West

London.

All sections of the UK rayon trade have shared in the improvement in production since the lowest levels of the textile depression, according to Sir William Palmer, chairman of the British Rayon and Synthetic Fibres Federation, In his speech at the annual general meeting, he said that the weak spot is in exports.

cu

Inflation Doesn't Seem To Scare Wall Street

By SYDNEY S. GAMPELL

London, Nov. 18.

London, Nov. 18. Russian readiness to dis-|-

trade relations in

Having accepted the arbitrament of Wall 1952 was attributed to her Street, the world abides by it. Essentially, the desire to break Western outcome of the current "adjustment" m US busi- embargo strategic ness depends on the Americans keeping their goods, according to nerve. Wall Street is the barometer of their nerve; liable sources høre,

so far, it is holding wonderfully well. If this can Her simline atitude this year The recovery in exports has in general been

་སྐ explained partly by the continue, the Americans really may be able to take slower than the recovery in the home trade.me renson and partly by the

the adjustment in their stride, situation created in the

as a genuinely Only exports of filament yarn and of staple fibrennir: world, by the recent healthy correction, though even so much would fabrics are above 1951 levels.

Tunching of the three-year pose problems for the rest of the world.

N. Y. Stock Market

For the first nine months of the year exports, by value. were not much better than in *952 and nearly one-third less

CR 1931.

dgo

ther inanufacturing has also increased.

ro

more

most

as the

10m

in-

for equipment from the tree world

Industrial porters, the election results of tremen in the US, as dome

in-

Trading did not expand the rise however, and at 1,250,- vetening their own

dustries and their demands on 000 shares matched yesterday.

Rails did the best percentages will fazguaily become more with a gain of 35 cents. Of specialised. In many markets, stocks sharply lower yester- pricts are becoming an even day gains ranging to 14 In grenter factor than before, es- Amerado, point in Cities berisily as low cost compeiitors Service, and losses of around develop their Industries. point each in Standard all and Automo- Anderson Prichard, lives were W1le changed.

Or 1,080 issues traded 442 were higher, 322 Jower with 18 new lows set and 0 new highs.

The New York Block Ex-

bead volume change $3,500,000.

a

personal

Though

The

row described as the least of their "worries: Their rural scats than their average muth safer

rban scats, and nearly all the November 3′ shocks were urban.

US businessmen, overwhelmingly

BUFFER STOCK OF TIN URGED

Geneva. Nov. 18.

the

Legrannie to provide fcd and

and consumer goods for

Technically the

Im-zame facile bullish way he populations of the Compressive thing is the way Wall earlier similar Wisconsin munis; states.

Street stands up to develop-sult, as bound to restore It is probable that both the men's which might have sent aunty polices and the fore thon la the very favourable Soviet Union and the satellites cellug. To the Republican as likely to revive the Inflation will buy some consumer goods Administration's business sup- and the boom. Ferhaps busi- and some light There are many rearons this. Same

November 3 markelsnill such

wero overseas

terrific other countries, pay enly lip- as their new huck. time are mete heavily s ocked two

from The swing

to programme gathers momentum..

the servico cohoren sound- New York Nov. 18.

Years

than the home The main thing about Soviet, Republicans went to the dimen-mency policies and have be

infictionists at Stocks strengthened today market. The effect of these

heart. Chinese and satellite trade sions of a revulsion: a similar cone sessions cks combined after two consecutive

would However, it is still permissible with import

November swing next noves, however, is that theyve the Democra's an of decline which cut some $1 re-trictions have Kroatly TC

over to suppore that there may be real are partly governed by the 000.000 000 from the value ofduced the import purchases of reeds of the population. Com House and put the Republiens moment. it all looks & bit 100

in whelming majority

the rome sound thoughts. For the all stocks.

many of Britain's overseas munist trade with the West br The rally

Pre markeds. came.witen

Competition from

in the smallest minority in this easy and the real test may still ased on political molives and expressed sident Eisenhower

countries he biggest

even below

their be to come.-Reuter. century; motive right that the budget cannot be

Buch balanced in the next Gayern-

now is China's newly launched low-water mark of 1930. The

'afi-money ment

ive-year Industrialisation plan, nsca! year tu pre- Britain, cannot expect any

ENORMOUS NEEDS

has undoubledica coăți= |

redch- diction seen as an' Indication of cal expartinarkets in the

stituted itself, it never really Nether Soviet Industry nor future, stid Sir William. Some Soviet and further inflation,

came unstuck in satellite on of the most impor textile

combined are de-

can hope to satisfy the engr

Elsenhowers, al- mous neers of the Chinese market and to All Chinese de Repubileans have been heavily

last November. mands both in machines and osing the farn vole, that vote consumer goods even if Chinese consumption 19 artificially ilmed to a minimum.

The poor state of Soviet agriculture and the Inrumclent DIFFICULT 'PROBLEM production of consumer goods was well known even before 11 the "All proper

representations was publicly admitied by ere made to the Government Soviet leaders recently. for the greatest possible help By terrorising her population in these circumstances, but it is into the lowest possible was clear that to retain our posi-

and into endless lon. sumption онт ail we must exert

sacrifices, Russia was able to cons sell to build up her heavy Industry.

polley coherent But at the moment when coming year, for one of several factor must be introduced into Russia's postwar industrial re-reasons: if they were either re the world tin market so una pros construction was anally com signed to lasing Congress next dreers can pha future develop no doubt that thepleted China joined the Com-November, or alternatively con- ment of cines und the exploita- 274.51muintanance of the export.

90.90 hade. is one of our most immunist bloc. The result is that vinced of retaining it by anon of tim

Other urgen! necessities 51.31 cult

probians and that is the Communist bloc as a whole

rendulum, they might were an 105.12 solution

must rest ultimately is now faced with

croblem Russia faced when she decide to try to do their duty la ment Axing 07.00 with our export merchants;

started thinking about in restoring Républican economic minimum prices and first they alone can create exports

in the late and political principles: which stock of Un which could be used 159.40 but all other sections of the industrialisation

they regard as the American i 1b pffset market fluctuations, dustry should give all possible 20'5

Of the three parts into which way of life. The same result they added. help in maintaining them." ike Communist world is yould occur if President Elsen-

can USSR,

asserted his own Easternhower One factor working against divided--the

North

and sound-money thservative is the Europe and Chara with parts, he contended,

Union rinciples, or if the Republicans purchase tax on goods for the Korca-only the Soviet home market. The tax is pre-is completely. "socialled" The simply decided that there

nor politic in full either economic Bre 1wo parts iudicldg the industry's export other

The dimeultjes future. In their trying. 10 by limiting ability

qualities. transformation.

as Inflationists, styles

prob-he Democrats and designs at a time connected with this are

then any of these prospect which overzeas

are ably 4h: main reason customers

there would be a disinflationary London, Nov.-18.demanding greater variety, and Soviet and satellite recent

are terral economic concessions.polley.. The rubber market was very when foreign competitors

of United Press. steady with No. 1 Rss spot not handicapped by a tax quoted at 18 15/10 pence per lb. this nature.

The American Steek Exchange

volume was 380.000 shares.

Dow Jones closing averages, were:

20 rails 15 utilities

Belgium is making a strong bid to cut down 30 industrials the number of her unemployed by the creation of nearly 100 schools of "readaptation."

Some 2,000 unemployed, between the ages of 20 and 40, benefit yearly from schools where, under specialised instruction, they can learn 30 different trades. mainly in the house building and textile industries.

The courses,

organired

by where

he National Office for the Un

employed, last only

they

work alongside ruir bricklayers, plumbers between end carpenters. Recently four end tight mouths at the heme for former prisoners-of-

war and political prisoners longest,

__the_Nazis___was_built_by_some

This period, officials stress, is puplis. long enough

{Cách the to elementary basis of cach trade, for the object of the courses is net to turn out fully quali it workers but to give unem- ployed men a chance 10 start in new trade as semi-skilled

employees.

The courses satisfy a need which is both urgent and real

FINE APTTITUDE

of

In spite of criticism at the of the schools opening early six years ago that men dim- of over 40 would have

uly loaming new trades this has been almost entirely proved.

flèn

وائی

min

03 stocks

40 bonds

Comm. futures prices

Index

United Press.

London

Rubber

Market

Prices: No. 1 ss spot

1612-17

Settlement touse terms: Dec.

Jan/March

April/June

July/Sept.

den

efforts to sell abroad and

at the lowest possible prices," he sail.

There is

because

In addition, a lack of supporting home da 103-17 mend fer cloths which should 171-2747

bear tax, exports have to bo ond cannot be 1742-171 made to order Cir basin ports Dec. 1812-17 supplied from stock. This re

Jun,

101-17 Estate crepe rubber thick unquoted sulted in longer delivery dates these The apitude of in Belgium. In spite of the per- to learn new manual work is

thin unquoted and higher prices, since all the overheads had to be spread s'sting high Agure of ze

more highly

NEW YORK QUOTATIONS developed

over a smaller varduge. country's unemployment, which fluctuates around the 125,003

than in younger people, officials mark out of a total population of the National Office for the of 8 000,000 there is a big Unemployed say. shortage of skilled

But Industries are not al- older ways willing to take on nicn who have just learnt the Over 30 per cent of the un-rudiments of a new job and the employed are unskilled labour-chools still lack full assurances ers, while another 30 per cent that these men can be suitably

the cnd of have difficulty in finding work placed because of their age.

killed labour.

or

VOLUNTEERS

semi-

nt

to

fili

Rubber futures' in New York

Speaking of the recovery of closed 15 points higher to five the inzustry as a whole he said points lower with sales of 40 on important factor was the re- contracts,

markable expansion In spun

Prices

who

Representatives are world's major la producing Republicar,

cpuntries attending the United might regard themselves as

Nations in conference here have faced with either economic distressed the weed for an intera- on Inflation or political consternational agreement, it was leaned

Conceivably, the Repub-hee today.

con-

or

a firm could try

during the

the same matic swing-back of the

for

HONGKONG SHARE MARKET

(From Our Correspondent)

Transactions on the. Hong-

Stock Exchange

kong

at $334,000: Quotations recorded salii were:

this

Spot No. 1 Res quoted al fabrics. Much of this probably morning to noon ware vund

of did not represent in increased demand for textiles but a re- placement of cotton-China BANKS Mall Speelal.

20% cents per 1b. futures were:

Dec.

March 1954

course.

at

Schools are only set up when

their

May

July

Sept.

Dec.

Ja regional burrau of the un- employment offiée. in co-opera-

lion

with trade unions and local management consider it

20,40 bla

20.45

20.40 20.45 bid 20.45 bil

20.43 bid

United Fresa

The courseS

aimed arc both these groups and

temi-skilled the shorteges of incur which affects In par- necessary to meet a shortage of New York Metal leyler the textile and building manpower in a certain Indus- industries.

try.

fro

7

Futures

New York, Nov. 18, Prices of metal futures closed today as follows: (US cents per

Dec.

Nov. Dcc. Zine

Ccursca

changed can be Men attending the courses, of rapidly owing to their short- resa and to the flexibility of which there are about 800 at a cew-t'me througacut the country,the schools. The masonry sec- Although on in the Brussels workshop. all vclunteers.

country's biggest. lb.) tews exist whereby any unem-which is the

end tortly rloyed man can be obliged to is to cite down

Lead course Nov. attind ene of scae schools, it will be replaced by a has been found that there are steel work for the car indus-

Tia is always enough Volunteers to try where there ព suddan

sher age of labour. O the courses.

Each course is directed by a During their period of in specialist in

the

particular, !

Nov. Dec. #rection the men receive 4.30 | branch of Industry of which he

Copper Pelgian Leônce an hour (about has charge. The volunteer ap- Nov. 10 pence sterling)about

Dec. prentice, fer giving his name quarter of a skilled workman's the unemployment office, is timë | sent to res the director of the wage-add at the samo connue to drew

unem courvo he would like to attend ployment allowance. All travel | ^e the one which corresponds He told pressmen that it was exporsc lo and from the best with tils professional

almeult taskschools are also paid. a very

abilities*** sinco

avoid giving he must

for undue cause for any coura alarm, on the ong kond, and give the facts of the maller as frankly

as possible, other.

Two months ago, the question

Washington, Nov. 18. President Dwight Elrenhowe today said that he had not given up his plan· to enlighten the American public about atornic warfare.

however,

an

At the end of their training He is thon interviewed in they receive a grant in the private by the courte director

11.82 bld

13.00 Bid

$3.00 bla

$2.25 614

New York Sugar Market

New York, Nov. 18, World No. 4' sugar futures today closed one to four points higher with sales or "241 fmeis.

con-

SHARES BUYERS BELLERS SALES BE Bank... 1510 30 1615

• Fast Asle INSURANCES

170

Union xD

840 0.10

SHIPPING

muriters

water! .19.00 20

DOCKS, ETC.

Lock

Provident

S'ani Dock

Whe clock

200 a 2111⁄2 21.80

EXPECTATION

They argued that a stabilleing

International agree-

madmu

and.. a buffer

So far the delegation from the United States -the world's to largest consumer w oppose an international tin isagreement has not made any

particular statement

their

United States is known

to favour bilateral agreements with individual producing coun- tries-which-li-feels-can-give- perfectly adequate security to producers.

But nobody now expects any-

The conference has now split thing like this. The almost

to discuss iniversal expectation in Wash-up into committees Ington is that the Republicans the articles of the draft aéros.

·"Londoń "Dratt'"-- ment--the will in fact do their utmost to outbki the Democrats in sofien-worked out by the International in London Ing money for the farmers and Tia Study Group for labour. On the eve of the last August. November 3 election the Wall Five or six of the main din.

this afternoon Street Journal read the Wash producers, mat

red ink for a general discussion. Ington signs à more

Meetings are being held in builcets, freer and easier Gov- ernment loans, perpetuation of the strictest secrecy but the costly subaldies for farmers, atmosphere is believed to have and lawa designed to please been cordial so far. labour union leaders-none which, I noted, were in the original proroccius of the Re-

which arched on Monday, to publican Administration. Since far too carly in the conference, the elections, both that journal foresee any definite sutcome.-- and most other gbservere rd China Mail Special. predicting still further depart

ot

ures from the original pros- Ingatlanary pectus, in these directions:

Previcus ideas were that “

12.70 12.20 000 o 12,80 cosure of the Republicans as

0.60 2.03 1000 acesham Demo:tate would worsen 400 5 807, the businers prospect, by

rather than rellev

LAND, ETC.

FK Hotel... IIK Land.. Shat Lond Humnhreys.17.10

UTILITIES.

8.00 aggravation that business-

was already Hisplaying

that

EVEN

businesmen

would like the idea of having

been told a pup prospectus, - Ex

8.50

eding the

8.00

7.05

suprasing

sugar ta

09

400 0

1.10

·Traies

.....25 70 25 1000 e Star Ferry

23.00

137

C. Light (0)13.00

14 500

13.90

Eletric... 300

1000

27.90

1000 28

-000 23

or 225 CF 28

Telephone 24 23 20 23.60 INDUSTRIALS

Cement 18.40 1919

Domestic No. 6

unchanged futures closed

higher with sales two points. of 84.contracts.

Strength in the raw market stirred a broader demand from trade interests in the worl

Dealers understood contracts. 1.33 traded that little of the Cuban world is still unsold. free quota. Sellers moved up to 3.17 cents fob compared with recents about 3.13.

943 bid-

Domesde futures hold steady trade. Prices of qulet futures:

Wooltop Prices Contract No. 4 (world)

January, (1934)

C. Light (N) 0.80 0.00

Macao Elec. 10.10

Inge

STORES, ETC.

Ditry

Waysch

· LeCrawford

COTTONS

· Ewor 141 nominat

3.1P

vid

United Press.

New York

As

on

the

the necessary examinations ta

condero

to

by the caviroment dvert

Presso.

May

* 1800 traded July Altogether 12,000 unemployed

Sept. Deti basoras qualified speciallede in have been readapled since the

Dre *** schools' beginning” and have being their respective trades. "; }-

While still "apprentices the token their place in Belgian in-Jen, 1958 325 nom. ThomFrangemen are sent out to construedustry Vogalera China Mgil

tion sites of public buildings Special.

Match New York, Nov. 18.

May form of new working clothes who determines whether he will Wooltops today closed steady July and tools and ane arsured a profit by attending the school. : with nine points lower to len | September polion in their new trade. But | The Volunteers are further points Higher. Prices: Once they have left the school weaded out during the first Deere 1544 1554 they recivo no further: sup few days of their opprentice March is 100 traded port and are expected to pass this by a series of tests..

194.3 ́naked

Spot-iteeris per 15. fob'

Cliba)

Contract

No. Jamiar): (1834)

0.45 bil

1941 BRI

104.4 asked March 182.0 Aked

Bat bid 5.89 bid

1794 bid

100.3 naked Septem

|Nóvember

100.0 nom.

Unded Press.

arose of a series of speeches by the President on the dangers of atpmic

thermo-nucleer and weapons and the steps

com-

Delegales who would ment stressed that it was still

Commodity Prices Tend To Rise

New York, Nov. 18, Leading commodity markels

was hard to see why they moved bigher "generally today should expect the Inflationary with overtones of business in

Republican some Import items, from departure

strength showed Soybeart principles to do any good. Washington has been in hetde as traders evened up November Extra buoyancy. long retreat from sound money contracts. ever sipeo June, without doing came from nowB that, the US à scrap of

of good

to either politie Government may allot $18,000,-

One could 000 to Western Germany for economies. hazard that if capital distrust the purchase of American Boy of such amies · callso any beans,

pther.

transfer of money from

the

surplus

10 1000 ₪ 10.20 US dollar, the Canadian dollar At Chicago, wheat closed up 2330 131000- 23.40 and even perling might berish to oil. Va cent, soybeans

it in the, arst invance though a to off 14 cont.

1.20.

21.70

Textilda 4.63 0.65 500 MÍSCELLANEOUS

YANKLAGE 0.10 0.30. 2ter

61

9.15

Exchange Rates

market

probably "hot" in the long" "qua; At Winnipeg, wheat wis circo Canada' 18' most vuli za No. 1 Northern; antt för No. .ne: 183, conts per bushel pricea

ble to any unloading

farm surpluses, while Britain's

exports, already imperilled by it was at 160 cents.

Copra was quoted...ht. $322.50

ocsive home demand" and 1 by per short ton, eif Pacific Coast. Continental competition, might Coconin dit was quoted-9329 tuffe further competition as

Oil and oil seeds wore all, un- and when a recession created cents per pound, cff West Const this surplus capacity in the US. changed except the following

Susumers was done. In the local utamicial exchange! meming at the following zalea --Bas V.B. dollar (par (3)

Yet none of this appraleal Soybean oil, 181⁄2 cenly pre ib.. 4.71 nominal' Sterling notes (pr 211 000 15,90 hak woffor come true. Wall (nom, at NAOKU

nominal | Judenesian, ustliders (PUT -3200 Street, the commodity markóla Tung oil, 24 cents per Ib..

Peanut oil, 191⁄2 centa per lb,

Slam traie par 2001.

100%

haenore (alrusta) Indo-China plastres (per 100)

Iba US buslusks'all faterpastað

the November

3

results in the ---United Press.