1953-12-04 — Page 9

Arnhem Battlefield Murder

unit an

the.

A beautiful German girl has unmasked Ober-Lieutenani

Iller's Lerche of

front-lue propaganda murderer of a captured British wounded doctor, shot in cold blood as he tended German and British wounded at Arnhem. Now in a police cell at Munich,' Lerche (pictured here) has confessed he killed the British Caplain, but claims that he wan ordered loat by A superior pileer in the field. He is to stand trial for murder at Munich next month. For Scotland Yard a nine months search comes to an end by the itial for they expect to provide positive identification of the British Officer and other damming evidence to ellach the case against Lerche. Lerche was beltayed by his mistress, Frau Bormann. who was Jealous because he left her for another woman. The police have traced Lerche's commanding cer who brands alm as a far claiming that he never went to Divisional II. Q. for orders. Express Photo.

New Yokohama Rises Out

THE CHINA MAIL, FRIDAY, DECEMBER 4, 1953.

TRADE and COMMERCE SECTION

New York Marvellous GRAINS IN

NEW YORK STOCK MARKET

New York, Dec. 3. Stocks extended-theld advance through the seventh consecutive session today despite inte praft- taking which pared gains. -

Industrials advanced to their high-grade leadership. Uuries were at their best since March

best level since March 27 under

30 and less than a point from their 22-year highs set on March

echis in their

a few

13. Only the rails closed lower

dropping average derpite sized gains..

concern

good-

Hedge For Foreign Growths

By Sydney §. Gampoll.. Beuter's Finsnels) Editer

London, Dec. 2.

Against the one risk for which it does not provide a hedge the risk of a collapse in both New York and overseas cotton prices New York is a marvellous hedge for foreign growths: the Buro- pean hedger would take the loss on his physicals in non-dollar currencies and would collect the profit on his New York short futures in dollars.

Against all the numerous below the repossession level, for other prico risks of forelan|example by Uberally interpret- growths, Europcons gut others tng Its right to unload goods in who have hedged them in New danger of sultry put of confilio withYork ought to regard them as Andjelpations of spurt sh

unhedged.

❤ldies or. almilar measures on 1054 crop might

also relieve any contract lightness in the cinsing months of this crop-

it is herd to see any real anywhere for foreign

It is not provided even by year.. Awaiting the cheaper selling yarn or clotli forward, new-crop cotton, poople would

run down t

their old crop stocks of both cotton and cotton goods; held for current consumption o and material which was being

stocks might trading available for tenders on the New York futures market."

Turnover for the day of 1,740,- 010 shares compared 1,850,000 pesterday. Many in the Street foly the market has begun Its traditional year-end helped by reinvestment of year- end interest and dividend pay- ments and proceeds from tax salos which it is noted seem against all raw cotton in stock

There is come about however, over conditions in which

or bought forward: in the failure of the carriers to keep was most needed, some of the a hedge pace with other groups. Many

forward yam and cloth sales analysis fed vigorous rail parmigi ticipation essential to a sus-might run into cancellations.

If Bremen can develop a tained advance. Volume centred

in non-U.S. on RKO Theatres unchanged at futures $5. US Steel up 14 at $3914. cottons it might do well; the

strength of Steels and motors Bared.

Germany's forelan

Bod position

ho exchange would be a great advantage to ripenzis for full convertibliky German futures markets.

Of the 1,100 issues traded to day, 475 were higher. 359 10 and 326 unchanged. There were 39 new highs set seven new lows.

The New York Stock change bond volume was $3,120,000.

market

To attract enough bulls, ппу Ex-new futures market in non-US. at cottons might have to quota

heavy discounts.

The American Stock Ex- change volume was af 470,000

strares.

wero:

Dow Jones closing averages

Dec. 2 282.81

19.

30 industrials

Dec. 1

REAL QUESTION

The real question is whether non-U.S. cottona hedged in New York are worse than unhedged. 20723 Inasmuch as the hedger might RDX lose buth ways by the price of $2.37 his physical

going down cotton 100.00

97.00 while the

the price of his short

20 rasis

is utiles

63 stocks

40 bonds

Comm. future price

Index

17.93 14.84

102.35 182.18 United Frey

-

Of The Ruins The Rubber

Tokyo, Dec. 3.

Markets

Japan's great seaport of Yokohama has made such a recovery from its war-time battering that its population is now higher than it was pre-war and last year more than 10,000,000 tons of shipping per lb.) were handled.

When Allied troops landed in £100,000,000 sterling) has been Japan they found Yokohama in lost due to requisitioning since ruins. Many of its people had evacuated to country areas. To- day, eight years after, the city

1945..

Yokohama

was opened as

has been almost completely Japan's first major trading port

rebuilt.

in

rc-

New York contract was going to the point at which cotiori up can be redeemed from the loan

to relieve a technical shortage

become

HONGKONG SHARE MARKET

(From Our Correspondent)

Exchange this morning amount

Business done on the Stock ed to $885,597.00. Noon quota- tions and the morning's trans- actions: BARES BUYERS HELLERS JALEB PANKS INSURANCES *IIK Bank... 1815 1025-120 1025

Lombare... 58 Uniort

Xn 002 865 150 # 867)

Underwritor 1.30

Watelboat

of contracts. On the whole, che SHIPPING doubis

In conditions In

which the hedger was losing | DOCKS. ETC.

heavily on his physical cotton,

it acems unlikely that he would be losing on his hedge tuo.

.. 10.40

20

*100 861

300 € 80 000 i 60

K. Wharf Dock........ 21.30 21.70 Provident (0) 12.80 13 300 # 12.00

(Q) 12.30 Wheelock XD 8.05 0.15 1200 ₫ 8.30 LAND, ETC.

HK Hotel 8.33 8.47 2000 # 0.80

1000

Ik Land

76 76. 100 U

S'hai Lend

1.3736 Humphreys 18.10 18.20 1700 a 1020 (and πTTO) 1.901.9711⁄2 1000 & 1.85

RTS UTILITIES

Tram Stay Ferry

It is quite possible that the hedge would be recouping none of the loss on the physicals, whereas the theory of the hedge is to recoup more of less all the loss on the physicals. That would be bad enough, but it might anyway be premature to

Really xb Feb. Bu en expect anything even worse than

that.

Singapore, Dec. 1. Prices of rubber futures tuxlay closed as follows (Straits cents

No. 1 rubber per ib. Dec. 001-01

Jan. 6001

Na. 2 rubber per 5. Dec. 571-88 No. 3 rubber per 15. Dec. 54-695 No. 4 rubber per ib. Dec. Spot rubber untaled 801-001 Blankel crepe

07-04 No, I pale grepe

Market: Closeu quietly steady.

United Press.

150-61

in June, 1859. As the gateway

LONDON MARKET Which Emperor

to Tokyo, it Hirohilo

has played

London, Dec. 3. visited the city in 1946 on his important part in Japan's

Prices of rubber' futures today postwar trip outside Tokyo, he in Yokohama that the first large 16.)

lations with the west. It was close as follows (pence per saw nothing but desolation. More than half of the

foreign community was

No. 1 Ray spot ..... estab-

Bettlement house term: square kilometres (155 shed.

Jan. 1954 quare miles) were covered by At the outbreak of the Pacific March

Jan/March the majority of oversca3 April/June

100

city's

Jelt War

1734-1776

1776-1736

23-18

1715-38

Jan, tas

1735-10 IB-1412 General markets, off basis, ports:

1711/16-17 13/10 17 11/18-37 13/18 3722-1774

debris. Its als of every firms had their omees in Yokg-up in had been used by ships every pation, were just being put back hama rather than in Tokyo.

in working order for the use of The Mayor's office recently Dec. Allied warships and transports, published an outline of the rob.

More then 118,000 homes elty's recent history which Estate arepe rubber within the

were sunmed up the extent elty limits destroyed and the population recovery. reduced from the 1943 figure of 1,038,000 to €25,000,

cent

of its

unquoted

The both-ways loss which some Européens fear for cotton İs already occurring in wheat. Lange entries Into the lon are creating a scarcity of Ired wheat in the US, 80 Chicago is rising while export prices of non-US. wheats are talling and might slump. But the analogy may not be exact.

xp

XD

Electric

Macao

Triophone

20.70 21 500 # 24.80

∙14

13.70

10.00

20 20.20

Zice. 19.70 11

2016 20.70

INDUSTRIALS

Cement Rope........ 10.103

10.69 10.00 STORES, ETC.

coTTONE

100 4 155

33.00 23.00 500 2300

WORLD IMPORTERS World Importers are still marginally dependent on some

Dairy... U.S. cotton, though not very much. They could be entirely

Watson Independent of U. S. wheat: EWOL Canada and other exporters

Textiln to let MISCELLANEOUS delighted bp

to 1qt Europe and Asia have all the they will buy, without a bushel from the US. It là phẩy by export subsidies (under the International Wheat Agreement) special arrange- ments that the U.S. manages to export any wheat at all.

thick

2034-20 Market: Quiet

-United Fren. NEW YORK MARKET

New York, Dec. 3. Rubber futures today closed Enchanged to 15 polnis lower and similar of

with sales of 18 contrpels.

No, 1 spot Ras wore quoted at 21% cents per. Ib.. Futures:

The publication said, "Yoko- hama has no equal in terms of Today the city in 70 to 80 per numbers of incoming and out- rehabilitated, Its popula-going vessels, the tonnage-tax tice in August was 1,073,000 revenue and the number ́slightly higher than the pre-war parsengers

volume *11:1 peak.

freight to and

from abrond, Thus the port of Yokohama The number of homes Is now still firmly occupies the top

among the Ogure.place

ports of industrial Japan."-China Mall Special."

nearing

NEAR PRE-WAR

the pre-war

There are

more

establishments than at any other |

time in the city's history.

city's fortunes *ህ be

the volume of by handled.

Th 2,072 ships aggrega, i ting more than 10,600,000 tons and flying the flags of every tree nation docked at Yokohama plers. This compares to the

2,792

They Joined Up Together

When

Chelsea ships totalling 12,880,370 Sergeant Emest Aukett,

tons which docked in

1937.

s requisitioned by the United

of

pensioner, agezi

74, meets cousin George, aged

Two of the largest plers 73, from Eastbourne, he doesn't States Army. It is only by recall the day when I joined imposing a 48-hour time limit on up. It of "the day length of stay that the large when we

number

handled,

Joined

Up."

of commercial ships For

and his cousin colling at the port con George Aukett

be

of New-place, Eastbourne, enlisted together-in plers are under the 11th Battalion Royal Sussex

another

is Regiment in 1800,

Two new construction nnel being extended.

The tonnage of cargo handled at the port has shown a large increase during 'recent years but It still far below the pre-war annual volume..

From 2.149 tons in 1940, the volume increased to 0,300,000 tons in: 1059. DU KA

LAND REQUISITIONED U The city authorities

Becember

March (1934)

May

Jufy

Septembar

December

20.001

-United Press. AMSTERDAM MARKET

Amsterdam, Doc. 3. The rubber market was steady. Prices (in guilders per kilogram);

More important, US. wheat

21.00

Corp.

6.75

4.33

YORK

NEW

FOREIGN EXCHANGE

| England-official

Closing Exte

$1.02 19/33 -281 3/14 2.01-2.04

prices fell much further below 20.30. the support level than U.S. col-Canada (doller) 21.006 ton prices have so far done.

unofficlaj of all, they รร.เบ Most important

30-day future 21.15

Do-day future, fizun probably fell too low to deter

Pie | Austenita (pound) from entering New Zealand (noun) onough wheat the loan. That is the crux for south Africa (pound) cotton. Aboui

eight milien Belium" "Franc) bales of cotton are still neither Denmark (krone)

into the 1bon nor (franc) entered

|Germany (deutsche mack) The real consumed.

equill Tolland guilders brium price is the one which aromela

(rond) would attract enough of this fortid cotton to market, without ever Eparsesta)

** |Sweden (Krone) going into the loan.

Switzerland-free price moderately, if at all, above the

No. 1 rubber Jan, 1.18 buyers No. 2 rubber Jan, .. 1.7M No. 1 rubber Jan.

1.68

No. 1 crepe rubber Jan. 1.50 paid -United Fress.

London Foreign ton

Exchange

New York

Montrest Einiest served in South Africa Amsterdam during the Boer War, George Brurals

won in India.“

Oslo

Zurich Later they both saw service Copenhagen together in India, as did a third Blockholm and younger cousin, William.

Paris

Lubon

Blocked Mark ...

London, Dec. 1. *7-01-2.4336

140.05-140.10

980-90015

seems

only Hiiddle East

arpy*[polina)

Iran (ISOJEN of the ang talmark

·Turkey, Crials.. higher market pricy adequate to Latin Ameriós pay charges for repossessions Argentina-oficial from the loan does not yetti (Cruzeiro)

Bolivia boliviano) atic.

Columbia (Peso) Cubanorściết

⠀ TECHNICAL" SQUEEZE

Accordingly, femia # of

Mexico (PR)

2 | Uruguay (peas).

technical squeezo through Venezuela (bolivar) shortage of contracts seem to Far East'

be at least premature..

That situation Lunilkoly to døyblow until mu

3.

Prt. 2 later 11.1110 begson,

16-16-15/10

bazards > that the totol JAPANESE BONDSU.B. carryover, at the end of

Recalled to the colours in the 1914-10 war, George, was later transferred to the Royal West Surreys and;

was twice wounded in Finnders.

In civil

life, George, for Japanese hond Yokohama would have made an | many years. even quicker · and more"; Im« | theatre - pretive recovery if it had not Ernest, workedonase, beek for the fact that a large jure so who worked at furs)- number of buildings:land and seldom far apart, f99d, wore facilities ord sill requiitioned Tidy fave just met waa

along

'an - Eastbourne,

again

"The City Fathors: o petimate | a regimental re-union - at Edast 100,000,000,000 £isyen - (about | bourne.

th

BODSON may approach ten

| Iridia; Crispen)

million bales,; If so, though the Exchange Rates

bux of it will

be under the

since it wil

Apo ndoquatern

| be "a fraction of 80 puke ni iptal

"In both whoat and cotton, the

If it wishes, can find wara Laymarkot shortage int

CHICAGO

Chlengo.Dec. 3. Prices per bushel in cenis; Wheat. No. 2 red

ROLLO 202(1.)

Closing Prices

Russia's Need For Sterling

New York, Pec. 3. Tussin's, injest sales, Mr Pick Russia's need for sterling to declared," Increased her sterling buy consumer goods in

of the supply

approximately sterling area has led to new £13,630,000 or US$37,000,000.

repercussion gold and platinum estes in Their

in the London, a leading. International sterling market led to a con- economist said here today.

alderable hhrdening of all accessory pound rates and Franz Pick, publisher of stiffened the dollar price of Pick's World Currency Report transiciable sterling to $2.78, a said that last week the Soviet historie high, he said. Union sold about 1,000.ggp

20334 nom.

30834-208 20734-19

190-1911.

Com, No. 2 yellow

2001

10146

25494-16

rett 1954

16010

10031-14

18014-150

15416

go

12014-12

$arch 1954

1233-14

761% 0137-14

• Ite ounces of Russian gold at 248 shillings ($35) par ounce to Russian sales would be made, the British Government.

adding that "The International

predicted that

now

BathFans. No. 2 yellow

300 tom.

1954

31012-1

310-311

Bept. *New York Four.

12 non- United Prest.

20713:15 130-102

org

Spot

200 1. Back

+

Delivery of this gold to be pressure on the gold price might carry 1s European transit completed within four or six price to $84.70. weeks. Mr Pick predleted;

lo Platinum sple

private "AL that level, gold sources of more than one los arbilage and shipping to the at about $00 an ounce. This US will become possible," Mr sale totalled about US$2,080,006. Pick declared.-United Press.

To get it there fast,

I recommend

Clipper' Cargo

PAN AMERICAN OFFERS

| MOST FREQUENT

CARGO SERVICE

to NEW YORK

CHICAGO, SAN

SAN FRANCISCO

AND EVERY CITY IN THE U.S.A.More

Only Pan American

offers all these advantages:

Most frequent cargo service· across the Pacific

Fastest and the most frequent connections with United States transcontinental carriers

Fast customs clearance

Every shipment is a "rush

Pin Amariaun World

American 37031, Hong Kang Phona 57572. Kowloon

PAA

BIN AMMATO IN

LEADER IN OVERSLAS AIR CARGO