1954-01-06 — Page 9

THE CHINA MAIL, WEDNESDAY, JANUARY ~ 6, 1954.

Prince Georg von Time and his wife Princess Margarit with their baby son, born on 23rd December, 1953, who will receive the names at Prince Ludger Karl Ernst All Time of Saxonia. Princess Margarit is the dauzhier of Here Lucas, a butcher from Mulhelm - Rubir, and the marriage of the couple in August 1952 cauled quite a sensation in German Society clrcles, Prince Georg is a grandson of the Saxon King Friedrich August II1l-Express Photo.

Sir Edmund Starts

Climbing

Fever In NZ Alps

Wellington, N.Z., Jan. 5.

Scores of sturdy New Zealanders are today inspecting ice- axes, ropes and crampon-fitted boots in preparation for holidays to be spent in the mountains where the conqueror of Everest, Sir Edmund Hillary, first ventured as a novice climber.

They will head mainly for the famous Southern Alps, a string of lofty peaks, spaced by huge glaciers, which extends throughout the South Island.

A relic of turbulent upheavals far back in history, this rocky back- bone extends for several hundred miles, and each year attracts climbers -raw and experienced-from many parts of the world.

More And More thought, perhaps

Soviet Films

For Bulgaria

Viera, Jan. 5. The cinema is being used in Bulgaria

114 one

of the

to

most

OA

rock,

outside the rarc as he culty Edmund Hillary. Sir moved round the lecture hals Himalayas. The chief advantage of Europe recently, must have of the area is that it affords ex- which little re-perlence in ice-work, gretfully, of his comrades of the English and European climbers,

mostly train New Zealand Alpine Club taking who part in January summer climb- usually lock. ing expeditions.

Most of New Zealand'. mountains are easily accessible, ranges most but some of the worth "knocking off" are reached only after days of tough slogging through unmapped country.

His epir fent has whipped up enthusiasm for mountaineering where the Zealand, In New sport has always had a strong following.

Alpine men have

shied from

This is especially true of the publicly in the past. Today, wilderness of the Flord region Everest, thousands of miles away, in the south-west of the South Most of its 3,000,000 has changed all that. Must are island. interested in climbing for the acres is unexplored and covered dense bush. Annual sake of climbing. The bouquets with

rainfall is thought of in feel are not no important.

ruther than Inches.

Intent and effective means for completing the Russlanisation" of that already Intensely Sluv reports people, according reaching here.

These state thas 50 per cent

Characteristically, Sir Edmund of

films the

now shown 12

s. Hillary once told sumie admirers: Bulgaria

Soviet alms. Owing to the close similarity of "Lay off this Sir Edmund stuff.

Some parties will be away for the Bulgarian

Busslan Just cul ne Ed." and

ran be lang

People are reading and think-weeks trekking and climbing in Janguages, these ims shown in their criginal Hussian ing more about mountaineeringle known mountain valleys. text, and

thus rapidly now than ever before. eliminating the existing differ-

arc

aro

ences

between

janguages,

paper,

the

twc

RECORD ACTIVITIES

The Indications are that the According to the Solla news-

"Vetcheral Novini" next few weeks will see record (Evening Nows), (or December climbing activities in mountains in here, though how much of the onthusiasm will be has increased from 213 increased

when the lasting is uncertain.

3.

of cinemas the number

in

Bueptember 1944,

Loading

newspapers

་

WILD-LIFE

valleys It was in one of these that the tokahe

or notornis, a bird thought extinct for half a contury, was found five years Other important mineral ago. and wild-ite discoveries have also been made us areas became opened up.

There are trampers and clim- bera in the Flord region who have live in the hope of being the figures In a sensation

UK

TRADE

* Page 9

AIRCRAFT EXPORTS UP

No Sign Of £64m. Worth Sent Recession In Canada

Abroad In 1953

Ottawa, Jan. 5.

Canada's post-war boom may record-breaking yours, but there are no signs of serious coon

be levelling off after three

trouble in the immediate future,

Trade Minister C. D. Howe said

today.

Mr Howe, the Cabinet Minister

economic

who is responsible for the

country's

pro-

Kress, said in his annual report on the nation's economy that in 1953 Canadians increased their production, income, spending

and saving.

There was no reason to believe

they wouldn't do equally as well in the coming year, he said.

الية

اللحم

63w no

London, Jan. 5.

The British Aircraft Industry looks back in 1953 as a year of consolidation, in which production lines were built up to meet the growing demand from customers at home and abroad. The task of producing aircraft and equipment for export was set side-by- side with work for defence.

The latest export figures tell their own story ---a new record of £64m. in the past twelve months compared with £44m, in 1952.

Since 1950 aviation exports have almost doubled, and the expectation is that before long they will reach the £100m. a year mark.

over

too.

Soviet Pigeon Chose Freedom

Rome, Jan. 5.

A Soviet carrier plzeON today appeared to have "chosen freedom”, as slighted on, RI Italian trawler near the Ligurian coort.

The pigeon, which To- fused to fly off again affor receiving food from *the crow, had OF MITO

of th feet a metal plaque bear- ing a red star and an 18- moription *288547 Mur mustikk”.—-France-Presse,

NEW YORK

STOCK

MARKET

dividend

8.5m Workers Had Pay

Rises In 1953

More than 8,500,000 British workers are likely to have received weekly wage increases

totalling £2,500,000 during 1958.

Already, in the first 11 months of the year, according to a re- cont Ministry of Labour Gazette, 8,200,500 have had weekly ad- vances amounting to £2,242,900.

In the 12 months of 1952 11.- 387,500 workers received aggre- gate weekly Increases of 24- 420,500. In previous comploted years the figures were;

Aggregato

Weekly

Workers

Increasex

Affected

1940

1.150.000

580,000

1940

8.700,000

2,633,000

1941

8.800,000...

2,490.500

1042

4.707.0004

1,108,000

1047

7.937,000

1.630.000

1944

8,587,000

14.000

17745

7,308,000

1806,100

7000,000

2,901,300

1041

1949

1,973,000

1.735,000

2,737,000

3,408,400

1.200.500

7,614,000

3,080,100

and

1931

15.282,000

4.dby.bar

Workers who have.benefited

This growing output, together | craft, not forgetting the gliders, with rising production for do- and sailplanes, will be good for fence, required a parallel rise | expart. Bombers, day and night NO TROUBLE AHEAD ·

in the industry's manpower, fighters, and naval aircraft will Mr Howe

he

Over the past year the labour bo going to the squadrons at

New York, Jan. 5. of signs

scrlous economie

forco grow from just

home. And planes will be avail-

Stocks pushed ahead at a good 1040 200,000 to about 225,000.

able for military exports, trouble ahead, either in Canada

pace today 10

to responzo At the same time, the indus- or in the United States.

The sights are being set high.

However, before long foreign last night and the reinvestment 1930

President Eisenhower's messagʊ There

were substantial Intry has established itself as a creasca

and in major supplier of equipment to manufacturers will be making In employment

airline

your-end operators, initial test flights with proto-of the civilian labour force. Money the world's

Interest payments, or-type jet aircraft. The time of a slight many of whom have now incornes were up and

Industrial adares rose to a new by allowed dered one or the other of the challenge is coming and with it Lower

prices

wage rites include those wering Canadians tu buy more for their

new British jet and turboprop a stimulus to every man in the high tinee March 27, 1958, s agriculture, mining, (CX- their transports.

motors, oils, stecis,

rubbers, tiles, clothing, buliding, trans- money.

and

number of Average weekly cornings by

Orders on the books for those

metals

special

The port, distributive trades, public labour

stocks moved up starply. increased six

machines now total some £04m.,

administration and railways. percent.

industrial average rose $1,80.

inder of wago The

rates Living standard ГОБС

and £10m, worth have already und

Ralls, with gain of 90 cents buying

been delivered. There are active

(June, 1947-100) In November Increased,

for Food consumption was up 12 negotiations in hand

was 187, the same as in Octo- ber, against 134 In November percent in a two-year period. other £100m-almost all for

and December 1962. The re- United Press.

tall prices Index (June, 1947— 100) In November was 140, the same DS October,

compared with 138 in November and De cember 1952.

consumer

HONGKONG SHARE MARKET

BD-

home industry to keep strengthen the position British designers and craftsmen

WOJL.

export. None of these Burts China

include spares.

Altogether 15 overseas ale- lines have asked for British equipment.

GROWING COST

and

have

in their

for the second uverage, day in a row had the

best

Wants to rise. Improvement

To Expand

Big Industry

group ranged to mora

than a point

of

Utilities, laggards most the day, joined in late in the session to show a 30-cent provement. The general mor-

average was

At its since Dec. 18.

ket

best

sub-

From

com the start of January to the end of November last year, 1,053,000 working days were lost through industrial disputes, stantially to 1,620,000 shares involving 274,000 workers. This from 1,310,000 yesterday.

Volume picked up

compares with 1,057,000 lost Of 1,128 issues traded today, days and 381,800 workers in the 773 were higher, only 171 lower. corresponding period of 1952.

The New York Stock Ex-London Daily Telegraph.

bond change

volume Wha

London, Jan. 5. Communist China wil!! concentrate its main efforts in 1954 on the building of heavy industry and rail- $3,751,000. thways,

the according to

The American-Stock Exchange Government newspaper volume was $30,000 shares.

Dow Jones closing averages Peking People's Daily,

were: quoted by the New China 30 industrials News Agency.

During 1933, the Hunter and then the Swift both established world speed records which, in turt, were beaten by American fighters. With the next jump in speeds well beyond the sound barrier, America has accumulat- ed valuable experience, and it (From Our Correspondant) Is In this sphere that the Bri-

ligh aircraft Industry faces Business done on the Stock most severn challenge, not only Exchange this morning amount-in inventiveness but in economie ed to $002,895,30, Noon quota- ability to meet the growing tions and the morning's trans- cost of these new machines. actions:-

In May 1959, the world heigh! record

WEB gained for Britain by a Canberra with the The newspaper in a review of Olympus engines which power the old year and a stocktaking the latest Britian bombers.

tor the new, sald the tasks for

WITC tremendous while i

been narked by

BHARES BUYERS SELLERS SALES

BANKS

Hi Bank ... 1375 1590

INSURANCES

Lombard

Union

SHIPPING

Asta Nov

-

7.03

פן

Great

British fighting aircraft have 1084

been

chosen as standard types | 1953 hnd for the NATO production pro- "adverse natural gramme which is being financed certain areas,"

The

conditions in

In part by American "off-shore" dollars.

newspaper disclosed .British aircraft have been slowing down in Chinese Indus- chosen for the Canadian Airtrial expansion plans for 1934 Force and other Alr

with Forces as compared

previous overseda,

years.

quoted preliminary statisties to show that the value of overall production in 18953 was 30 per cent higher than the 1952 figure.

GOOD PROGRESS

The

It

C

284.19

18

40 bonds

20 rails

utiliter atocks

Comm, future price index

90.41 62.53

107.30

168.10

-United Preem

US

Commodity

Markets

World Steel

Output Increasing

"Iron

New York, Jan. 5. Age reported today that although the free world is turning out nearly four times as much steel the area behind the Iron Curtain, the Communist bloc is boosting its production al a faster rate,

New York, Jan. 5, Leading commodity marketa today moved higher. Tightening world supplies of cocon was de- hind market firmness today. In a study of world steel out- Continued progress was made

Higher cash markets in the put the American metal worlLing North-west and South-west, plus weekly said that, combined pro- with the power and efficiency of

Russia and Ats Britain's turbine engines.

exporter buying in wheat and duction of Avon,

The value of production corn, rallied the gains.

satelites was 14 per coat greater one of the most impor-

17

in the previous At Chicago, wheat closed up in 1853 than tant engines in the mliltary and schedules for this year was

cent above last year. The 24 to 2 cents; soybeans up year. At the same time, the has per commercial

programme,

"Iron Age" noted; "Free world been flown at nearly 10,000 th, newspaper wamed: "We should 1 to 2 cents, 27.30 thrust without

Other not expect industry to grow at

At Winnipeg,

was nations produced 200,000,000 net even more powerful engines the sarho ratto as before. It priced at 180% cents per bushel tons of raw steel in 1053, while

raise our such as the new Gyron are on would be wrong to

for No. 3 Northern, and for total production of the Com- the stocks, but

performance demands to too high a level."

blo: No. 5. it was at 105 cents.munist

was 54,300,000 agures cannot be given.

tons.' United Press.

In 1952, the non-Communist 182,000,000 world turned nul tons while the 'Red bloo pro- duced 48,000,000 tons.

Béla

840

1.13

19.00 1.9212

DOCKS, ETC.

K. Whail ...

150 * 03 8215 2015 21.19 9302090 Dock

1318.10 1000 Provident 101

¡N: 12 50 S'hal Dock, 140 Wheelock

LAND, ETC.

HK Hotel... 9.00 0.00 2000 ve 1.09

IK Land

78 775 701 Humphrey

Really

UTILITIES

Trani

5000 v

0

3000 st 100

27 20 27.50 500 ( 27

500 6 37.20

300 2000 27.5-

Peak Tram

(0)

40

c. Light (b)

.

C. Light (N) 10.90 12 1500 Electric

1132 2015 Macao Elec. 10.45 10.70 Telephone

233 64 27 2068 27.10

14 14.20 700 @ 14.

270 + 14

10,00

3400 14.10

British

manufacturers entered into further agreements

130 MAJOR SCHEMES

also

INDUSTRIALS

Cement

produc- It disclosed that the with engine manufacturers over- ulon interesso planned for this seas for the interchange of

brough! year would chiefly be technical Information, which la about by batter use of existing a further source of valuable re- venue to Great Britain.

productive capacity.

Spot

March 208)| U

265 (3) May

22:03

20615-208 2081

205-14- 208

a

STORES, ETC.

Dairy

July Spot,

109 2011

2014-1

20316-

Watson

1

L

Communista took over power in Bulgaria, to 1,172 today.

This process, which is called featured the seried version of central

Sir John Hunt's book "The alinost as great as the climbing "Kinofication", has led to the Ascent of Everest" and the film. of Everest. The presence of erection of a cinema in every The Conquest of Everest" has many untrodden areas gives rise town of over 5,000 population in had long runs in several cities, to their belief that some day a

In addition, In the country.

The word "Everest," na manu-New Zealander will pause while order to bring the cinema and

and advertising ascending a peak, and in a Soviet facturers its effects of spreading

will sight valley hns nearby soon discovered, Ideas, culture, and language to gencles

hunting "lost tribe" of Maoris Whole

of the Bulgarian strong selling power.

their wild game, Mos. A moa population, even in the most in-

Sir Edmund Hillary is a bee- is a 12-foot high wingless accessible corners of the land. 15 ceper, and claims that honey monster, Last

about seen travelling cinemas on have been set up. These show gave him extra energy. It was century ago. Soviet films to the population of not long before sales of honey

the

the mast country.

lorries

remote parts of the went up in several cities,

Like

country, every

New classic climbs Zealand has its

As always, novico climbers and famous climbers. Dean of the Since April 1948, all Bulga-will run into danger this season, country's mountaineers is an 80- Barrister, former been perhaps death in some cases, year-old, rban cinoman have

experienced

will) Arthur Paul Harper, nationalised. During this period and

whose books on New are still read both here and

men

no less than 604 Soviet-made undertake ambitious schemes. cinema projectors have Весл imported and installed,

LOVED WESTERN FILMS

the

A favourite is to establish overseas. records for lengths of stay in ice caves during storms. Thils

is risky and technically noti And during this, same period mountain climbing, but fun to the Western, Almi, which Bulgarian people used to love, those who like it.

have been gradually ousted and

UNCLIMBED

PEAKS

TREACHEROUS

COTTONS

Ewa

Textile Corp. 7.70

MISCELLANEOUS

Yangiste... 0.20

***

I

1500

1000 x 7.05

reheat.

1032.

But it declared that

of

wheat

CHICAGO GRAIN

Chicago, Jan, 0. Prices per bushel in eënts:

Wheat, No. 2, red

Chong Prices J4 2000

Jan, 0

The Ualted States produced more than twice as much steet this year as the entire Soviet zone.

Steel

the United output in Corn, No. 2 yellow

States, "Iron Age said, set a tons, a record of 111,000,000 188

1581 1301-163 2651-11 | boost of 20.1 per cent over 15034-35 13716-18 1952 and the greatest tonnage

15011⁄2 181 New York flour. 12:00

157

25214

wack

$13.00m $14.00.-United Prete.

ever produced in one year by

a single nation.

"Steel-making records

a din

were

dime a dozen in 1933," the publication commented.

production sot a new

London Rubber record high of 254,600,000 tona,

Prices

This is an 11 per cent gain over the former 1952 record of 229,400,000 tone-United Press.

Futures

.... 1.00 19.10 500 + ID

2000 18.90

New rocket and ramjet motors The Communist paper said

gulded missiles pro- thai 25.00 for the

construction 130 23.00 25.70 1000

major 2000 28.19 i grammo were tested on the schemes, nina roliwoys and 3,100- 22 2000 a 21.80 ground and in the mic. .... 21.00

miles of highways were taken in Spot 1700 21.00

Karch hand in 1953. This year more 732 0 13.30 Crawford

THE FUTURE

May capital

projects July construction

Sept. Looking forward, there are were envisaged. for British 3.00 bright prospects

During 1954, nearly 70 newly 1954. commerical aviation in The Series & Comet is due to ly built or expanded projects, In- 1000 during the year, and continued cluding coal mines, power plants,

with the pit fields and a number progress is expected now Vickers Jet transport. The factories would start operation. trans-Atlantic Comet 2 service Zealand climbs New York Sugar

will be inaugurated by BOAC,

The Peking People's Daily gave Market

and the Britannia will be start the present Chinese population as being "in excess of 500,000,- ing route trials. New develop-

London, Jan. 5. Bri-000. Il placed special emphasis ments of the turboprop New York, Jan. 5.

The rubber market Was World No 4 sugar futures to- tammĒR and Viscount will be on the 1983 grain harvest which Mount Aspiring, a jagged ley day closed unchanged to 2 points under way,

was only equivalent to that of steadier with No. 1 spot Rs New York Metal claw in the province of Olago, higher with sales of 82 con-

quoted at 17 1/16 pence per 1b. Matterhorn. tracts.

Flight testing of a jet-driven is Now Zealand's

hellcopter is also due. Several

"Laking Prices: To skilled climbers,

Domestic No, sugar futures manufacturers are going ahead into account the requirements of NO. I spot, Ras 27-1714 treacherous difficultles only serve closed unchanged to 2 points

with "Dakota" replacements and slate and people, and the poten-Bettioment houre term: 17-1744 The busiest climbers will be to increase the pleasure of lower with males of 67 contracts.

Lalities of agricultural produc- Feb.

March Future closings:— was calculated that there were the members of the 1034 New success,

visite to 10,774,000

Bulgarian Zealand Himalayan expedition The earlest

Contract No. 4 (world) climbs unually the dondliest, and March cinemas in the year, of which to be led by Sir Edmund Hillary. prove 1.200,000 were to Soviet Russian They will attempt to reale one carelessness boosts the deathroll

July films in

thero *952,

were or

unclimbed in New Zealand mountains gach Beptember more of three $2,000,000 Vista of

peaks between April and June year, which

This season, within a spot (cenia por ib. for Cutta)

Contract No. 8. 45,000,000 were to tussian films.

week, olght persona died in ne-

March These figures show that while

tecidenta on one, peak.

MAY This hand-picked group the number of

Than

and "killed aro me. visitors to

July storing up plenty of practice in cinemas increased threefold,

women who venture out withatat september | ice and snow,

equip- that of visitors who saw Soviet scent for the hashughuis guides or equipment. First Class not costs per ib. of NY filins had increased five times,

gear, a national rescue organisa- tion and a string of mountain- for the very good reason that it is not being taken to India. was impossible for them, to see

Some, if they have time, will side hule help to reduce the risk In falls and ex-. any other

Alma even if they spend their annual holidays from injury wished to do so,

Bulgaria, as u Slav country high contral Alpa of Mount Cook,

Government and New Club have with a language yer alcin to whose 12,200-feet high peale in Russian, proventa fower dificul- the highest in New, Zouland.

expressed concern that so many Fuldos and resettern have had to flea from point of view of

Then any of · the The Alps, which Mount Cook die while going to the aid of "Runification

-China Meli other satelille states of Eastern dominates offor a variety of foolhardy allmbor

cilmbire" and a descos of dif- Specials

replaced by Soviet Aims,

Thus, whereas in 1947, it

ips4.

sharpotting up technique on

the pine

-: (at)

5.340 Jib

3.37-28

325

8.40

panding their work on guided

0.43

0.02%

missiles, not only in home fac

0.20

terios, but also in the extensive New

are being bullt. prototypes are will the misphere, 1054 tlen, it should be within the April/June

undoubtedly see the first country's reach to raise the grain general markets, eit basis, ports flights of important new air output by 10,000,000,000 cattleren. Tab.

16-17 United Frem craft-including a prototype of (290,000,000 bushele) above

NEW YORK MÁRKET the Gnat lightweight fighter. 1963. (gure."--Reuter. British firm will also be

New York, Jan. 5. Rubber futures today clored

New York, Jan, B.

10 13/10-17

Prices of metal futures today closed as follows (in conta per

the

Lead Jan,

Feb.

York Cotton 5 to 10 points lower with sales

Win Jan. Tab. Zino Jan.

Jub. Copper Jan.

D

Prices

of 10 contracts,

* Now: Tork, «Jan;4.

27 Closing Pricas

persunited Press:

workshops which they have or- tablished at Adelaide, Australia, nour the Woomera Rocket Rutazo. There, the climate al-

the year round. "Business was done in the lot PRODUCTION KEYNOTE unotizial exchange-toarket / thir morning at thì zalighei

The lobynote of the. Industry's offorty in the forthcoming

-flow of turbid

Exchange Rates own texts to be carried out all

traraports': And, the smaller liners and Hght dire

All of the business Was represented in an exchango of

10p

-United 'Pre LONDON TRICKS

·London, Jah, 61-

Prices of metals closed today. (in sterling per long.

May contract for physical pa fallows rubber,

ton) ; -- -

In the spot market, dealers quoted No. 1 spot, Ras at 20% u pot

__3-anánen Future

Copper pot month

44-45 1946-40 conte per pound.

|| closings-

April

*April

28.74

+23.706,

Lead Ja

buyer