1954-01-12 — Page 9

ATOM-BOMB ROUND-UP—FROM 1945 TILL NOW

UNIT

Dirh

Po krk and serkanti

RUISTA

W. Kumbia (2

Sations

CHINY

Indian Ocean

Alfanor

AMERICA

Orton

The Canonist world -

- RI + ו-tיג ייניי.

Am I maymiz 1

AUSTA ALIA

Profic

Mar 18, 1987 KONT

Ocean

The Big Four, preparing to dlacuse Provident Elsenhower's ↑ Alumie davatopmant for background. All but five of the control plan for stoen-bembi, hays this eight-year history of † nuciane explosiona are American or Baltisk.

London Express BerriOS

Where they guarantee goods_for_FIVE_MINUTES:

ONLY XXXXOS

WOMEN

CAN GET UNDIES

IN GROTEWOHL'S UTOPIA

Berlin, Jan. 11.

When East German Prime Minister, Herr Otto Grotewohl appealed last July to the people of the Russian zone to voice their complaints about the standard of goods on sale, he hardly expected the flood of sarcasm which East German newspapers have published in the lasf six months from the ration-weary populace.

The letters do not merely complain about the goods which the are obtainable but people can't get. They list a lot of goods which which are completely useless because they lack some essential part.

A single week's "letters to the Editor" recently produced this crop of complaints:

India's Growing Concern Over Northern Defence:

New Delhl, Jan. 11. Political circles here today altached considerable sign- Beance to

three- the present weeks visit to New Delhi of the Maharajah of Bhutan, a quasi-

Slir'e independent Tibetan border.

011

The

Recently the Crown Prince of another buffer State, Sikkim, had paid a similar visit to the Indian capital.

Political circles

ore

Kitchen pots with lids unobtainable in East Berlin shops ("Junge Welt," the official newspaper of the youth move- mont).

interviewed The newspaper

who An East Berlin salesgiri sold shoes of such pour quality that the soles parted from the uppers with a few days,

"Junge Wek“

also published an ironical quiz containing such questions as;

How do you open tins (ob- tolnable) without a tin opener (unobtainable)?

art

How do you juston elegant,

Ught-tting evening frock without a zip (unab

THE CHINA MAIL, TUESDAY, JANUARY 12, 1954.

damp atmosphere of the bath- room, the wood soon begins to warp and the paint peels off. A footstool belonging to the same bathroom outfit broke As soon

» customer put his foot on it for the first time.

મ

"Cardboard wheels of wooden toy railway on sale in an HO (state-owned) depart ment store guarantee that the toy will inst exactly five minutes."

Another department store offered green and yellow peas RC- inixed up in the same bag,

the cording in "Tribune." As yellow peas require one hour longer to cook, housewives have to sort them out frat.

delivered Parallel hoes rently for the gymnasiuth of an school "Tribuene," the official news- East Berlin elementary Himalayan paper

Trade Union could not be used because of the Federation publicised a nation-bars were too frail to carry the

weight of the children-to wide campaign against the pro-

nothing of the teacher, the East duction of defective goods.

.BZ am Berlin evening paper Abend" reported.

tainable)?

How do you boke without baking ting tainable)?

cakes (unob-

the

is

noted grow- ing Indian concern over defence of the Icingdom of Nepal, which also on the Tibetan border.

Although Premie: Nehru hud refuted in Parliament rumours that the Chinese Community had Cunecntrated troops en the India- Tibet bortler, his personal con- sultations with the heads of the three buffer States were garded as evidence of India's

to growing mxiety strengthen the defences on her north Hana- layan frontier.

re-

.Until recently the mountain barrier had been regarded as ogainst nature's own guarantee

trom

north the invarice! France-Presse,

PENINSULAR

Hoods

ro-

tha

gay

TRADE and

COMMERCE SECTION

"SMALL BOOM” ON

HK EXCHANGE

"Idle" Money Flooding The Market,

Sending Prices Up

(By A Special Correspondent)

Trading on the Hong Kong Stock Exchange yesterday passed the peak levels of last year with business amounting to about $2,094,000 on the day. According to the Stock Exchange, last year's peak was in excess of $1,900,000 on September 29.

Two brokers described the recent upward trend in share prices as "a small boom," with a wide range of land stocks, utilities, textiles and industrials sharing the rises.

Brokers believe the boom has been caused by local investors, particularly Chinese businessmen, buying up shares with the large amount of surplus or idle money in the Colony.

They pointed out that Hong- kong's trade was in a

parlaus atate, that Bank rates

were

US Car Firms low, that the Gold Bar Exchange

Lay Off 12,000 Men

Detroit, Jan. 11. About 12,000 workers in the motor industry were laid off on Friday as new cars stacked in

many dealers' showroom without buyers.

was yielding little or nothing to investors

or speculators, and that mortgages were no longer sought in

the anything ke quantity they were a few years ngo,

This left share-buying as the only alternative for investment and speculation.

An

HONGKONG SHARE MARKET

Record Output

Of TV Sets

Record Output Snow Upsets

New York Stock Market

London, Jan. 11. Production of pentelliiá

and television sets reached

new? record levels in Britain towards the end of last year, offieisi statistiem published here today re- vealed.

Pinicul

t

The

New York, Jan. 11. stock market went through its fourth consecutive docline today--but it furned

WRE out in November at the rate

of 2,421,700 megk units week. Previous highest was the 2,179,700 mega units weekly average last April,

Both production And kome sales of television

sets reached a new peak October when 118,000 In receivers were made and 136,500 sold.

Figures for the previou month were: production 107,300. home sales 136,- 900.-China Mall Special.

was A måtter of negless · more than any real pressure as Wall Street turned its attention to its first big snow storm of the year.

Prices moved narrowly.... except for a few special issues

and volume continued light, totalling only 1,220,000 shares,

President Eisenhower's mes- sagea on the new farm pro- and his staggested revisions of the Taft-Hartley labour law had little effect on the market, the brokers said.

Industrial stocks lost $1,84 on average with drops of around a point in American Can, American Tobacco, General Electric, Good-

Early Change In year Tyre, International Nickel US Tariffs

and United Atrerett pulling the group down.

Rails lost 30 cents. Utilities

Not Anticipated nished 2 ecots higher.

Of 1,116 issues appearing on the tape, 575 were lower, 270 higher, 271 unchanged. There were 4 new 1953-54 highs set and 17 new lows,

Washington, Jan. 11. If any British businessmen are counting on an early change America's tariffs to make extra dollars for them, they are

The NY Stock Exchange bond warned not to be over-optimistic. volume was at $2,910,000,

in

Despite American official state-

monts

The

of "trade noi ald" and change even Presiden Eisenhower's shares.

"major restate promise of a ment" of trade policy, Congress

American Stock

volume was

Dow Jones were:

wit be in no hurry to change industrials the present get up.

20 rails 35 utilitieN Indeed. the Republican 03 stocks 40 bonds strategists have virtually de-

Comin. future cided in advance that the tariff changes must be held over until the following (From Our Correspondent), possibly

7.

year.

and

ka

Brokers sald mort Chinese businessmen with their inherent

Business done on the Stock distike for holding cash

pre Exchange this morning amount- The President has not aban- ferred investment issues such as cd to $801,087. Noon quotations donert 18 land stocks or utilities but

hopes of a more trade policy and the morning's transactions; liberal active

speculating group was

awaiting the recommendations of more interested in textiles and SHARES BUYERŰ SELLERS SALES the Randall commission, industrials.

area of the Marden Sharoa The lay-off came as the Con- | Jf companies particularly gress of Industrial Organisations Navigation, Wheelocks, challenged the Department of kong Realties, Textiles, Motal | INSURANCES Commerce's estimate of 1,850.- Industries and Yangtaze Finance 000 unemployed in the nation, were in heavy deymand, with asserting the report does not more than 180,000 Realties begin to tell the full storm". shares changing hands during

the day.

BANKS group

Asia KK Bank Hong-

... 1505 1005

11

1000

35

At the end of last year, the number of new

LAND ISSUES SOUGHT cars sold rose close to the post-wor record

Bank and level.

Insurance shares Some companies, faced with the lagging market,

"safe" investments cut consideret production to be more in line were sought. Land issues, with with retail demond.

no

200

This 17-man

headed group, by Steel Executive, Clarence pushing on its in- 1500 Randall, is

vestigation and will prepare its report in March.

86%

160 * ST

090 091

FREER TRADE

Д

Ex- 340,000

closing averages

Jan. 11

$70.87

94.84

52.67

104.03

price index_170.81

-United Press.

More Canadian

Trade With Asia, Africa

Ottawa, Jan. 11. Canada's (rado with Asia and Africa increased in 1983 and the Trade Department raid today that "the frena may be expected to continue,”.

It is almost certain to racom-

While Canadian exports to mend, by a majority, freer trade most other parts of the world which is the aim of middle-at-dropped off slightly in 1953, 400 # 19.00|the-road Republicans and

exports to Africa, the Near East growing number of America's, and Asia stayed ahead of the

1082 big businessmen.

1952 levels by about 15 per cent. The trouble is that there are The Department's weekly protec-magazine, "Foreign Trade," de- 13% 80 many Republlean

tonists that free trade is con- voted its second edition of 1994 1.05 sidered too lively an issue into the Aalon and Middle East

year in which Congressmen markets.

Lombard

Union

SHIPPING

Underwriters Waterboat. 1015 DOCICS, ETC. K. Wharf Dock Provident (0) 13.10 13.60 3500

(N) 12.50 12.00 Wheclock

..50 .....04756 055

716

200 B2

20.60

A 6.05 200 or

1400 a 1300

805

to | LAND, ETC.

KK Hotel

HK Land

70

0.03 9 D.10 2000 1

400 70 70+5

100 T

1.40 10.30

some owners reported to be increasing rents on new build-

Chrysler dismissed 7,000 per-{ings, were also favoured. кола. Hudson laid off 4,300 for Rumours of ຍ new Isrue at least seven working day 8. helper Hongkong Troms Studebaker amounced Was $28.10. laying off between 3,000 to 4,000

either this week or next.

The dismissals could not be described as a

general trend in the Industry, as the Ford Motor Company and

General Motor the two biggest auto firms, huve not cut production.

MUCH WORSE

"This Ir the state of the market nt present: In the last month the boom has carried Hongkong best and Shanghai Bank to its

than a year, price for more Hongkong and Shanghai Hotels, Cement, Dairy Farm,

Chino Light, fully pakt and contribu- ting to the best level since 1950, Hongkong Land, Humphreys

have to stand for re-election.

One

Congressman is quoted

Canadian

exports

to

Asian, African

and

the Middle

as saying: "Foreign trade would Eastern countries-not counting

400 77% just raiso A hell of a row."

to

Commonwealth nations-amount- And to the issue is likely

ed to $140,410,000 in the first be loid aside. Pressure of 10 months of 1953. In the same 2011 21001000 or 2.10 business in the ways and means period of 1032, they totalled committee (where tariff legista- $123,701,000.

originates) will be a good

S'hai Land.. Humphreys Really UTILITIES

Tram

..... 27.00 20.10 Star Ferry

C. Light (0)

tion 14.70 | excuse.

There were

with

sharp decreases trade

the Belgian 14 First there are four tax bills

Congo, Indonesia, Egypt and the 1166 to be thrashed out and then long Sudan. But sales to Arabis,

age pensions, Japan, Korea end

Taiwan in-

146 140 100 14.30 1000

2:00 # 28

147

Electric Масла

Eled 1015

Telephone

22

100

304 30% 4300 30

1380 1960 hearings on old

000 64 29 By the time a new tariff

C. Light (N) 115 11.80 1500

+

The quality of many

most The did not even reach modest standards,

The it declared.

Cominunts! provincial State shops, it added, have re- party newspaper "Freiheit,"

to the nation- Holle,

Saxe-Anhalt, fold Its cently returned

Karl- alised cotton factory it

renders that only eleven out of

Estale and Finance, Telephone, pro- every 100 pairs of shoes Marx Stadt (formerly Chemnitz)

But CIO vlce-President Mr and Trams to the best level for duced in the nationalisert factory 4,000 pairs of stockings because

Emil Rieve said the rallen-wide many years. Banner of Peace" were fault- they did not stretch and there-

| INDUSTRIALS situation WD3 "The rest fore could not be put on.

lesa.

either unemployment are

Brokers are unwilling to pre- Cement Most of much worse than Commerce De-diet how long this boom will second class or trash,

would indi- them

lose their shape, pariment's figures soon

business last. "Perhaps until Others transfer their colour to cate. Ife sald a "rapid rise" in gets better and there is a new

WE STORFS, ETC. Dairy of the best Sunday socles the unemployment was in progress.

said one. outlet for money," the wearer. With Still others

present He criticised what he termed "Certainly as long as uppers and soles soon séparate

to conditions continue I cannot xoG tendency recent forever,

shower the people with a rash why the boom should not last. of figures "calculated to show Undoubtedly profit-taking might | COTTONS that "things are still awfully send the market back occasional-

1y," he added. good."

Footstool Broke

"Bathroom cupboards offered for 26.00 marks each (over £2 slerling) are useless. In the

"Freiheit" reporters discover- ed that the factory had saved $1,000 east marks in three months by adopting # now & ORIENTAL Soviet cutting method. But in the same period, it spent 110,000 marks on repairing shoes which had been badly made.

QUIS HOS SEPA STEAM NAVIGATION COMPANY

R.M.S. "CORFU"

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

2 cwt. Ladies

two cwt, and more.

naked,"

the

ts

in the Detroit arco, whore principal employment is in the motor and allied industries, there are 83,000 unemployed.

·

LESS ATTRACTIVE

"until Another broker” said, Communist China is recognised and the ambargo is lifted these The State Employment Securi-conditions are likely to continue. ty Commission said this would Brokers soy yields on most rise to at least 93,000 within the classes of shares are for less next 60 days.

for cars-United Press.

attractive now than they were

a year age, with utiliiles giving however, von per cent against about 11

10

S

bill

300 28.10 was raised, Congressmen would created. be impatient to get out on their

Sonic of the increase, parti-

1500 18.06 election campaigns and would doubtedly arose from special

2300 e 19 argue that 34

that of Japan, "un was too late to circumstances," the report said.

Hart revising the trade pro- The shortages

2880 gramme-Express Service,

3500 20.00

100 6 25.70 800 23

26.60 100

Watson .... 22.70 22.90 1. Crawford 2531⁄2

Ewo

Textile Card

MISCELLANEOUS

Yangtze YRUMASI

500 et 20.00

Japan, India Are

Two Biggest

of food grains

and high prices for rice opened the markets to imports of bar- lay-United Press.

8.30 100 80 Asian Manufacturers Singapore Rubber

614 0.30 2000 0.20 144 140 100 kr 145

US COMMODITY MARKETS

New York, Jan. 11.

closed Commodity futures

and coffee

New York, Jan. 11:

Singapore, Jan, 11, After opting almost un- Japan and India, the two big-

the market eated gest manufacturers in Asia of changed Industrial goods, followed the alightly on some liquidation of of continued January positions." There was general pattern industrial growth into the third some trade enquiry.. Prices:

No. 1 rubber per lb. Jan. 6636-5030 quarter of 1933, according to

Feb. 584-601 the January issue of the United

Mar, 584-08 Nations Bulletin of Statistics, No. 1 rubber per lb. Jan. 604-50′′

No.

645-5416 No. 4

61-514 United Frem. LONDON MARKET

Fim domestic

spot rubber unbaled,

No, 71, rue ipat * Settlement house fermé, Feb

General markets, eit basis, portar

185/2/15-16-15/10. ---United Press.

- NEW YORK MARKET

The same newspaper surmised

Union officials,

The Japanese manufacturing that the textile state trading estimated the number idle

per cent a year ago (industrials mixed in overtones of steadiness

rate for the period April to centre at Dessau, Saxe-Anhalf,

over 100,000. Presidents of CIO are giving Bilghtly better especially in cocon

September, 1933, was about one- was "full of enthusiasts for the United Auto Worker Unton at yield). This, however, is easily dealings.

A higher than for the ear- Rubens figure. They sell under- Dodge and Chrysler sent a tele-understood when one takes into wear only for ladies weighing Aram to President Elsenhower account the depression of the up the daily limit of two cents a unequallo

Coffee futures firmed, golog responding period in 1952, a rate in the

London, Jan, 11. elsewhere But even asking him to take "positive e-market in the early months of pound before the market levelled

world.

demand

The rubber, market was quiet elim women cannot run around tion. to head off a depression," the Konson war and the boom

of slightly under revlising and increase in production of with No. 1 Rss spot quoted at

Prices: 3636-2736 Friday the 15th January, at 12.00

Industry sources which followed the signing of Smaller cocca prospects in Brazii electricity were important factors 17 pence per lb. However, noon for the UNITED KINGDOM via

"Taegliche Rundschau,"

and Africa dominated tradings in these gains. are inclined to view the lay-the Armistice.

Inavit bly as share prices con la both cocoa and coffer. Straits, Colombo, Bombay, Aden, and Soviet High Commission news-offs more as the result of strong

In India, industrial activity. In March

April/Jung paper in Germany, joined in the competitve forces long prediated tinue to rise the yields will be

President Eisenhower's farm the frit nine mouth of 1988 JulyBapt Port Said.

criticism. "Berlin women" It for 1954 rather than as a sharp, reduced further on investment

"would have to said,

bear general slump in the demand issues as there is lille prospect age conformed with views rore sharply but at a romewhat Oct./Dec. Passengers are requested to send ALL nothing but triplets, to find a

of the traditional dividende baing previously indicated by Govern- lower rate than in 1951 and

ment leaders and 'Had little 1952 Production In the third Jan, baggage to the Hongkong & Kowloon market for the over-production

changed,

market. effort,

of quarter

1933, however, Mar. Wharf Cola Godown at No. 2 Gate, of babies napkins (dlapers) and

was five per vent higher than At Chicago, wheat closed up ihm for the third quarter of CANTON ROAD ENTRANCE, by layettes. A few months earlier,

New York Cotton% to 1% dents; szybcame up 4 1982. France-Presso, NOON on Thursday, 14th January, none could be bought.”

to 3% cents. 1964.

But most indignent of all was Herr Gustav Matthes, of Halle, SPECIAL NOTE: With the exception of hand packages who in a letter to "Freinelt" carried by passengers themselves, complained bilferly that toy suitcases on sale in the local ALL BAGGAGE must pass through| "pende store” (bore labele such the Wharf Co.'s Godown for loading to "By air mall por avion" on board by ship's slings only.

"Carlion Hotel, Frankfurt-on-Spat Main", "Derly Hotel, Davos." BAGGAGE COOLIES WILL NOT BE Shall we show our childron PERMITTED TO EINTER THE the way 40, the capitalists?***, the WHARF.

Com, Ma, X yellowɑ, rehder: beked. "Do we not have

In our pes minirano eubelent honith Zosorts

Marti

ag the wrongs aty to odum Boss orthoc Peoptates, Democracies?}} #my cate childton,7 -- China; MOMI Special/Bike

EMBARKATION: Passengers, should “embark between Ropabile, In the Soviet Union

9.30 and 11.00a.m. on Friday, 16th January, 1954,

CHICAGO GRAIN FUTURES

Chicago, Jaf.. 13. Prices per bushel in coklat2«

Closing Pridien

Spot

New York, Jan, 11.

Cloring Prices

Jan

Mareti

Wheat, No. 2, réd

March 210(11)||205||(L)

May

July

· Bapt..

COTTON VOLUME

New York, Jan. 11.

Volume Open Interent

714,000

At Winnipeg, wheat was priced Rt 100% cents per bushel for No.

3 Northorn, and for No. 6, it was

at 103 cents --United Press,

UK Shipbuilding

London, Jan. 11.

..

Now York, Jast, 11. Rubber futures today closed

2 to 17 points lower with antes. of 10 contrnika.

Both, futures," and "tho upot exceptionally

Ships built in British ship-market yarda in 1953 totallod 1,344,118. quiet. Eight of the 19 lote dono

Exchange Rates coms gross, 10,000 ons hierbies on the Boar were represented. In

over 1952 figures, the Central exchange of May contracts Office of Information and here for No. 4, shoots,

6. Spot No. 18ms were indicated at 10% cents it pound Futuro glazings:"p

· Būsirions & Wax (dong in the local today. We

tmomolal

„oxchanged markat morning at the following rates:

The frieredze was inrgely due

to Interdised steel supplies which 161 reached shipyard in the second 2957 half of the year when Flettaiti'n