1953-12-15 — Page 9

Christmas Dinner In Flight

WIOR

THE - CHINA MAIL, TUESDAY, DECEMBER 15, -1953.

Somebody whispered "Christmas' to this wise bird-and be took safety in fight at a North Somerset farm. But Jean Ogborne, 18, docan't intend to let a Christmas dinner get away that easily.—Reuterphoto.

Rhodesia And Nyasaland Federation Africans Living In Two Different Worlds

Salisbury, S. Rhodesia, Dec. 14, The indigenous African inhabitants of the new Federation of Rhodesia and Nyasaland are living in two worlds.

Many of them, particularly those in closest contact with the white people of the towns, have acquired a veneer of "Western Civilisation.'

ו.

Many have attained a high degree of education, and are qualifying for positions of increasing responsibility.

By African standards, many are rich. They own shops, motor buses, and transport services.

To every urban African, the bicycle, the "zoot tie" and the gramo- phone are familiar necessities.

were dug, bones were found.

In the native reserves, great some of his people were casting more holes strides have been made in soil spells on him. conservation and improved

farming methods. The primitive

more

TRADE and COMMERCE SECTION

BRITAIN'S RESERVES

NEW YORK November

STOCK

MARKET

New York, Dec. 14.

Stocks registered another Amali decline in routine trading

today their seventh

imany sessions.

Recurring weakness

In

25

in tho

tobaccos and a few sharp gains

in

special issues stood out in

a market where declines of 36

or a point were the rule.

The average dipped by small amount-05 ents in industriais, 25 cents in rails, five conis in utilities

Volume

of 1,540,000 shares, while greater than Friday's

with

led on recent advances.

Increase

Due To Russian

Export Of Gold

By Sydnay S. Campell, Routor's Financial Editor

London, Dec. 14.

The increase of $41 million in Britain's gold and dollar reserves during November may have included some gold or dollars (or both) from Russia, and the reserves may also benefit from this source in later months.

The Rubber Markets

New York, Dec. 14. Rubber futures today closed

545 points lower with sales

More selling at the close war

1,440,000, WAS light. when There is no official confirmation but a good of 60 contracts.

the totals deal of circumstantial evidence, including attributed to hedging against the arrival at London Airport, on November event chases as the ship- 30, of nearly 17 tons of Russian gold, worth| about $19 million.

The lack of real pressure on which had marked all declines,

the list and absence of voluma

are seen as good cigns by bulls who believe a your-end rally in Imminent. However, in contrast with recent sessions when prices

firmed on increased activity near the close, the list today im- proved in late dealings.

of 1,178 issues ruded today 618 declined, 204 advanced and

The reserves have increased in every one of the first eleven months of this year. December will break this happy sequence. On December 31 of every year for the rest of this century Britain on the North has to repay about $180 million American loans which she raised in 1946 and spent in the convertibility crisis of 1947,

298

unchanged. There wore were 52 new bows set, 34 new highs.

Tobaccos produced A large part of the day's volume in- November's increase of $41 cream. Reynolds Tobacco "B" million included $24 million of off % to $37 %, and American United States ald, compared Tobaccos $92, Lorillard dropped with $13 million in October. point to $24%, Leggett But it arose after a British pay- Meyers 1% to $0514. Philiput

ment of

to the $15 Morris 1 to $4274

million

Union, in European Payments New York Central down half sciticment of the sterling point to $194, was the day's areas October deficit with the most active stock.

Union. The surplus with the Aluminums softened. Steels rest of the world rose from $15 and motors moved narrowly.

million in October to $32 million Oils had a few wide moves in Novembor. This item, of any. either way.

would include gold and dollars The New York Stock Ex-eceived from Russin. was at volume change bond $3,858,270.

Britain's surplus of

HONGKONG SHARE MARKET

(From Our Correspondent)

Business done on the Stock £3.2 Exchange this morning 'amount-

The American Stock Exchange million (provisional) with theed to $290,817.50. Noon quotations volume was 500,000 shares.

EPU

in November

contrasts And the morning's transactions:

Dow Jones closing averages favorably with the deficit of

were:

30 industriale

20° rail

is ins

65 rocks

40

bonda

Comm. future pries index

-United

95.97

H. K. Bank .. 1000 1010

INSURANCES

Union - - * 845 850

10 IC05

£10 .. million in October, but is SHARES BUYERS SELLERS BALES 23939 none too good for this time of

BANKS scasonal 1 year, when

factors in 106.95 Continental trade should be

9.11 running in Britain's favour. off 0.12 The surplus will bring Britain Press. fabout $4.5 million from the EPU

this month, Instead

102.07

WorldCotton Bwanal looked at the faces

Then one of the children of the man who had dug the holes died suddenly, and another was possessed taken

wooden slodge is giving way to of the people in a mirror, to see the Scotch cart as a means of which of them were transport. Africans who only by evil things. knew the hoo now

Some own tractors. plough.

use

the gave

Last year, the African farmers grew more maize than their European counterparts Southern Rhodesia.

in

That is one world. But there is the other-the old dark world of primitive Africa, still in the background.

This is a world of superstition and fear, af danger from wild

A man who volun- Leered continue the digging To theso he cere to them doses of medicine was seriously injured when a which

caused diarrhoea and steam boiler scalded his face While they with a jet of steam. were ill, they were told to con- less-their-sins.”

violent sickness.

Five elderly natives died as a result of taking the medicine, and Bwanali was sent to prison for four years. He protested to the end that the men who had died had not been killed by him, but by God.

The cleansing ceremony took

No more work was done until the farmer sent for a Moham medan lay

who preacher, exorcised the place by burning sticks of incense in the holes.

BLEACHED

BONES

beasts, and the risk of starvation place not 30 miles from the bullt barn at night. One of its

If the ancestral spirits are angry Federal capital of Salisbury.

and do not send the rain.

This world is hardly known

to the white man, either here or

locai

newspapers.

Here are just

out of the way

Earlier

KIDNAPPING

After that, the labourers re- turned to work. But they still refuse to walk past the newly- walls shows up white in the darkness, because bleached into the clay bones got mixed

which the bricks were

It is believed that the barn

from

muac

three

at Fort made. this year, overseas. Only occasionally Johnstone in Nyasaland, ports of incidents

reach the Africans, including one woman, was built on the site of an old a few of the were sent to prison for seven graveyard, where large numbers for kidnapping a youth, of Africans who died in some incidents re- with

years

the intention of killing forgotten battle were buried, him and using his flesh to make Sudden death or serious no- "medicine,"

cidents are always possible in the The scarlet-robed judge They admitted that they had less developed parts of Contrai

corded this year:

CLEANSING

ព

the

of aren

African

Tales of men, women

Africa altting in the High Court at eaten human flest in the past, and children being seized by.

heard

Near Rusape, in a flourishing crocodiles while crossing rivers Salisbury, rtocatly

Southern "cleansing cere-farming atory of

common. To be confronted, building which hundreds Rhodesia, mony" of natives had been given doses workers went on strike, declar and even attacked by a lion is of medicine intended to make ing that the place where they nothing very unusual. them "put away evil things." were building

barn was haunted.

ibacro a new

grim

Markets

Spot Dec.

March

May

July

October

December

New York. Dec. 14. Closing Prices Dec. 11-Dec. 14–

33.35 33.331

32.40 12.00

34.05 32.13

23.10-11 24.13

34.91 32.340

12.17 2.70

34-25-21

32.10

39.34 32.251

March May

Expired at 47.30 GMT.

-United Press. NEW ORLEANS

May

New Orleans, Dec. 14. Closing Prices Dec. 11 Dec. 14 3.30 32.300 32.00 32.47"

32.93-94 33.90-97

3311 33.10 22.00 22.07

15-16, 25

Spot Déc. March

May July

Ocfabe:

32.126 32 285 December

20 March

31.350 32.70b $1,345 "Expired at 17:30 GMT.

-United Press. BAO RA NGO

Sao Paolo, Dec. 14. Prices of cotton futures today closed as follows (in cruzeiro per kilo):-

March

MAY July Ocf.

Dee.

10.00

insa

18.30

18330

18.20

the

average price of 15/16 middling cotton at' designated spot markets was 32.28 cents per lb. Sales at these centres totalled 22,526 bales.)

(In the United States, Sometimes, there is an air of humour about some of those accidents. At a village in The accused, a Nyasaland

When they dug holes to pre- Northern Tthodesia recently, an native, named Richard Bwanall, sald that he had been asked to pare clay for brickmaking, large African awoke to hear a leopard

by the quantities of bones and human killing some of his hens. conduct the ceremony

He went out

to investigate, When local chief who thought that skulls were unearthed.

but found that the leopard had fled, so he set about manding the hole made by the marauder in his fowl-run.

Jap Trading Extension

The hons continued to squawk with

como out

fatheright, and the

-United Press.

of the

British payment of $15 million to the Union last month. But £4.5 million does not go very far towards the North American debt payments of $180 million.

NOVEMBER FIGURES Offcially the November figures

SHIPPING

Waterboat.... 19,40 Asta Nav... 1.15

DOCKS, ETC.

K. Wharf ...

80 841 Dock

21.30 2114 Provident (0) 125 (2.70 600 « 12.70 1500 12 60 Wheelock XD 8 0.18 1000 or 830 400 8.00 1000 44 8

II.K. Hotel

II.K. Land Realty XD

as a whole appear to be re-(LAND, ETC. garded as only moderately good. or good only in relation to the vad October ones-and as not justifying any departure from Whitehall's

general cautious

attitude. Asked

whether Britain's reserves were receiving Russian gold, a Treasury spokes.

said: "The Bank ot England always stands ready to buy any gold offered to it at the appropriate price."

man

UTILITIES

ment market.

Consumer interest remained at a low ebb. Some dealers buying was repeatest on No. 1

Spot No. 1 Ras were quoted at

future closings wore:

Reg. March arrival, et 2014 cents. 20% cents per pound Prices of

March

May July

Bept.

Dec.

March

AMSTERDAM MARKET

Amsterdam, Doc. 14.

Page

Jap-Isbrandtzen Tie-Up?

„Tokyo, Dea.. 15. ...Toshizo Madono, Z

EcoutIve ...of the Nitio Bhosen (Steamship) Com pany who returned hers

the United

aboard a Pin

American Uner declined to comment when

siked about the reported tie-up with the brandisen Shipping Company on, round the world service, according to Japanese prest reports, v

fold pany

sta

At the loent airport ho reporters that his com-

make will Bangunctinent on the tie- up after he reports to the Executive Board on the out- oome of negotiations he had conducted in the United States.

He added he had gone tu. the United States to sign a contract for chartering of oil tankers.

The Nilto Shosen capitalised at 07 Jullion Jen-Reuter,

GRAINS, IN CHICAGO

Chicago, Dec. 14. Prices per bushel in cents:

Wheat, No. 2, red

Closing Prices

20.30 20.30b

220.30

30.30

Spot

20.40

Dec, 20431 (H) 203(L)

207-day

March

20,400

May

2001-200

United Press.

July

Sept.

19735-14

Corn, No: 2, yellow

Spot

The rubber market was quiet. Prices closed today as follows

Dec.

Marelt

in guilde:a per kallogram):-** No. 1 rubber Jan. No. 2 rubber Jan.

May

July

1.70 nomi 1.69 peld No. 3 rubber Jan. ...... 1.03 buyer

Sept.

Byo

No. 1 rubber crepe Jan. 184 NDĪTI.

-United Press.

Dec.

Marchi

Oats

Dec.

March

Soybeans, No. 2, yellow

Spot

March

Oil And Oilseed

Jan. New York, Dec. 14. Oil, and oilseeds were all un- May changed except the following: July Tellow extra

Black pepper

Peanuts

110

Bariry, spot

034 cents | Sept.

•

2314

United Press.

New York hour. 200

1$13.80 nom-United Press,

*ack

Brazil's EconomicTMTM

Development

Since The War

New York, Dec. 14.

for

The years since the beginning of the World War II have been a period of remarkable growth and far- 815 8.65 15000

3000 633-reaching structural-changes in Brazil's economy,—re... 77 7715 30077

ported the Federal Reserve Bank of New York in its (and_X_Rts) 1.05 1.0235 2000 or 190 current issue of Business Conditions Monthly Review.

Alta B6.

Since 1030, the report con-was

clearly required tinued, the country's production smoothing the transfer of pre- rapidly cf goods and services has sources into the more increased

more by

GOCLOTE than expanding

of the two thirds, with toro economy, the actual rate of in- OC- crease has been considerably 1014 three quarters of the rise 20.70 100 2 28.70 eurring slice the war.

greater than necessary.United Telephone. 20.00-20.50

Press. INDUSTRIALS

Cement ... 18.60

Tram 20,30 2015

any

Star Ferry

145

C. Light (0)

..... 13,40 1311⁄2 2000 @ 13.50 C. Light (N)

*XD

Electria

He added that the Bank never divulged its Individual transac- tions.

This careful phrasing might Imply not only that the Bank of England has bought some Russian gold but also that its "appropriate price" for buying it may have been slightly above or. below its regular buying price of 248/- an ounce.

The world ofcial price of $35 sterling's par equals 260/- at value of $2.80, or about 2487- at sterling's present exchange rate of about $2.81.

Nopo...

STORES, ETC.

Dairy Watson Lane

Crawford COTTONS

EwOLLAR Textile Cosp

10.50 600

100

1 500 15,00

16.40 15.20

.

Real income bas expanded even more than output, -par- 1890 ticularly during 1949 to 1931, because of the striking › im- provement in

country's terms of foreign trade, by mid- 1911 @ 2016 | 1953, it had ripen to almost

double

the

the pro-war Level

JAPANESE TRADE DIFFICULTIES

while, on a per capita basis, it had increased by about 50 per

Tokyo, Dec. 18 despite an increase of

Tho Parliamentary Vico more than 30 per cent in gopu-Minister of International Trade lation.

0.36 500 0.33 cent.

24.30

a 2.05 5800 m2

200 a 19.10 1000 €20

MISCELLANEOUS

Entertainment_ID Yangleze...6.20

Nationalisation

Of India's Industries

OTHER COUNTRIES

As in other countries under going economic development,

the

of

and Industry, Mr Shinzo Fukulke, told the Lower House that it is considered extremely difficult for Japan to export ammonium sulphate to Com-

according to Japancso

He said he was fully aware

bo

NORMAL DEALINGS

the rates of cutput growth in munist Chios in the near In its normal gold dealings the

various sectors of the future, Bank of England buys at 248/-

Brazilian economy have press reports yesterday. But some

diverged rather sharply, and and sells at 252, slightly different price may have

the country's regions and social Red China will become One of

for markets been regarded as "appropriate"

Japanese groups have shared unequally the Calcutta, Dec.: 14. gold in abnormal

In chemical fertilizers for Russian

the future, The Indian. Prime Minier, in the rise in real income. quantities and with hammer and Mr Nehru, told the annual

but Ho explained US Commodities sickle markings that might not

Increases in output of the Japanese fertiliser makers can meeting of the Associated

SPATO any sizable be very

for acceptable jf, Chambers of Commerco bere manufacturing and Industries tardly

of fertiliser for Red example, the Bank of England New York, Dec. 14. ever wanted to resell the gold to today that nationalisation of all construction, in highway and amount

tu

Bir transporation, and in the China, until after March next key industries In India was man'a Strength in

items Washington Omport

production certain domotic year, when spring seeding will "Inevitable."!

foodstuff have to dominated the commodity price

have been reports that

spearheaded come to an end in this country, Now the country', is heiding Investigate. Beeing what he picture today, with cocon and Russian gold reaching the In- He appealed for a now deal the growth in total production, took to be a leopard still in the coffes leading the higher up tornational free market is through fair play for labour and

for a drought season when an' In contrast, there has been a pen, he struck at it with a heavy swing

tackle ing of export-crop output, little increased supply of power for

companies will The unfortunate, stlek.

the markings. move of the fowls was to owner Rye registered the downtrend "aundered" In Holland, to re- urged Industrialists a

Inbour disputos with a human progress in the production of fertiliser grains, responding to the

Unmarked gold is very anony-approach.

domestic fuels, notably petro- almost impossible, he added. hospital with severe head in higher trend of northwestern mous

leum, and increasing bulk-Reutor. Jurica China Mail Specul.

markels, and further buying on

He said the Government alm- transportation deficiencies, special Regardless of any last week's cash merket receipts characteristics of Russian gold, ed at converting India Into, i

FOWEL PRODUCTION and favourable crop slow the 248/- may be regarded as welfare state because condillons wenthar newa, phis a" slaw

were ideally suited to this. But fonelgur demand, upset wheat and the Bank of England's retall the process could not be buried Although power produciton

buying price.

many and success largely depended has increased even more rapid- Bogota, Dec. 14. At Chivago, wheat closes oft In wholesale, lots from any upon the maintenance of: worldly than manufacturing output,

{fi, has been unable to match' President

Gustavo Rojas. 191⁄2 de 3 cents; soybeans off 1 to origin it is, in effect, e dealer peace.

De website the growth in demand due to

New York, Dec. 14. Pinilla and shitho Argentine 31⁄2 cents.

World No. 4 sugar faturės urbanisations and the moves today: closed 1-4 pointe lower Foreign Minister Jeronimo A Winnipeg, wheat was priced For example the price that I For this reason, if for no accelerated Industrialisation, Remorino, agreed today at 18014 for No. 3 northern, and actually pay for Buuth African other, Mr Nehru mid his Gov

for No. B. it was at 165 cents gold is believed to bo variable ernment stood steadfastly for ment of agricultural produo with sales of 67 contracts negotiate Coupercial

with the exchange rate,

tion to "new" areas south- “and i pesëć: and thod to develop western.: Brazil; maiore closed 2 points higher with sale!!

Domestic No. 6 sugar futures ment marking Colombla's United Press.

friendly Leading traders told pressmen adherence to the Economic

rotations with Wall The growth of key

(01; "of 214" contracts, - ve the economy has been "accam- World futures ensed to on Know: info-Britain's vasarées: [n=| Mr Nolu said the Indian parked by a several prics, cool, liquidation as traders awaited business was done in the feel creased darthe November while Government allowed private and income innation. Since developments at the Impending KinoMcia) exchange. market the bullslow

within 1939 wholesale prices, and the meeting - of the › International to: operát romU.S.-relever sectors morning at the following ratos:

#zens Indin's economie. framework put cost of living have risen moreBugar Council at London on yamin Cid nb4 these posters taust Be prepared than nye fold, sille les money UB: si most to co-dedinate-theimijven; with mupply has Inevopred, sininet ten Domelle futures rulod, sfandy maštedjetimës. Although a' rentinuing | India company with the raw

expansion of the money supply markof,Unhed Prem. 43

Singapore, Dec. 14.

Malayan traders have been given a three- month extension to March 1954 to use this year's quotas for importing Japanese textiles, it was reported here today.

Mr W. H. Walker, Singapore during this year. But to the end Controller of Imporis and Ex- of August they had imported only ports, was quoted as saying: "The $24,500,000 worth. extension is to allow merchants

COLUMBIAN AGREEMENT

to

other ecroats.

Renorallying that

to use this year's quefas until the that the Indonésian Government Unied sponsored by Argentina Exchange Rates the pointer to that the in-mations. Garammant has consulted the trade ban 00 Sports from and Ch

Chile

local Chamber of Commerce on Malaya was the main reason for the Japan trade polky to be fol- the drop in textile trade with

Torinal negotiations for the

be long.

lowed next year and an an-Japan. Licences issued in Singa- agreement will art tomorrow nouncement is expected sturdie pore and Malaya up to Noyember and jog: expected,

Merchants in Singapore and for all entegorice of goods from Acommlatóni Malaya were allowed to import Japan, kluding textiles, totalled tecimie Turutan to the vaks of 80:mil» 128 millors Straits. dollars) month. tion Sitratta dollars from. Japan 'China. Mall Special

ham/tlení (per, 100): T

· Singapore. (à matted). Indo-Chhts zsinatred); (per 100)

Houter

the Gloverbsmil-

Router.

NEW YORK SUGAR