1954-01-22 — Page 9

经常

Newlyweds pictured in London are Archduke Robert of Austria and his wife, the former Princess Margherita of Savoy Aosta. They plan to stay in London for a short time and then to continue their journey to a secret destination for their honeymoon.-Express Photo.

THE CHINA MAIL, FRIDAY, JANUARY 22, 1954.

The World Revealed

More Of Its

Secrets Last Year

If you thought that the gimbing of Mount Everest by Sir Edwand HBary and Tensing Sherpa was the greatest feat of exploration and adventure taxt year, you might be astounded by some of the other achievements made by explorers and scientists during the year. For instance, scientists calculated that the Gulf Stream flows through the Straits of Florida at the rate of 100 million "bath-lubs full" every second: that a huge crater 185 yards in diameter was found in Northern Labrador: that the skeleton of an antediluvian reptile believed to be 50 million years old was found in Colombia; that special cameras have discovered new nebulae far out in space, and that diving experts hunted off Florida This article-a Chins Mail for a Spanish treamre ship which sank about 220 years ago. special feature from Washington-tells you of some of the year's exciting discoveries and explorations which, unlike the ascent of Everest, tlused the headlines.

While

atmospheric

from the conditions

Ontario Museum of Royni Washington, Jan. 21.

the dis- cancunced mountain top outpots in Alaska, Torento, the greatest ex-

water-filled and included.

expedition every of a round, ploration feat of 1953 was which claimed to have learned crater in the wilds of Northern indisputably the conquest of that the Gulf Stream flowed

Labrador. Mount Everest, in the re-the rate of 100 million bath-tubs

Himalayas, the full every second. National The

mote

at

Geographic

urvey

the

of the

The crater, 185 yards across. may be a "baby brother" to the much larger Chubb Crater.

steaming jungles and icy Society has listed many of Arctic wastes of the Wes- discoveries made by the various miles in tern Hemisphere were expeditions in a probably the favourite yene's explorations.

"Explorers were legion in the haunts of explorers during i

Frozen North during 1953," the year.

anys.

As such event; as the British

The Arctic Institute of North Expedition's success in scaling the 29,000 feet Himalayan peak, Armories sponsored 31 Arctic and and Professor Auguste Plecard's "ub Arctic

expeditions, 13-mun telp to largest a recording-breaking bathyscnphe 2580-foot Penny Highland

of the plungo

being cap on Baffin Island, north

Canada.

the

one

0.8

of

ray

TRADE and

COMMERCE SECTION

Page: 9

South Africa Confidence Returns To

Not To Devalue Its £

The

South

Pretoria, Jan. 21.

Governor of the African Reserve Bank, Dr M. H. de Kock, described as "ridiculous and unfounded" a rumour about devaluation of the South African pound.

He said the rumpur already had been reflected in consider- able exchange transactions ob- viously intended to protect the persons concerned against los in the event of devaluation.

He added that like the Mini- sters of Finance and Economic Affairs, he saw "absolutely no reason why the Union should He also sală the again devalue, act of depreciating the exchange value of currency In terms of

or many other currencies was nover lightly undertaken and only contemplated I cir cumstances forced it as the only way out of the country's dim- culties or if there was Fome

Боле

HK Exchange

Incident-Free Return Of

Anti-Red

PoW's

A Relief To The Market

By A Special Correspondent

The Hongkong Stock Exchange yesterday greeted with relief the news of the return of about 22,000 Chinese and North Korean anti- Communist prisoners of war to the United Nations lines in Korea with- out any interference by the Communist Armies apart from a few hackneyed threats.

Business expanded appreciably after being in the doldrums for the "" advantage to be derived. last two days and there was quite heavy trading in a number of local utilities notably in Trams, China Light and Dairy Farm shares and the turnover for the day was in excess of one million dollars.

In the "present and prospec live circumstances" of the Union, he could not visualist my net advantage from de- The valuation. On the contrary, he rould

obvious RCL

'dis advantages, such as further in- ternal inflation and distortion cost relationships of price end

further

dis Dnd

harmful

between furbances in relations creditors und debtors,

pro dorees and consumers,

apel employers and employees.

DIBADVANTAGEOUS

He did not know any actual or potential factors powerful enough to forge the Union to do something which would be economically disadvantageous to the country in the long run, if

also in the short run.

no

As to the decline of about

this

Brokers believe the increased activity in Tram shares and Electries taking both issues to a new "high" (Trams at 28.10 and Electrics at 30%) was due to hopes of higher dividends being announced by the two companies.

HONGKONG SHARE MARKET

(From Our Correspondent)

Business dono on the Stock Exchange this morning amount-

and the tlons:-

Brokers expect that the an-

by the nouncement

Marden of Texile firm.

Corporation their new issue of one for two at par and their almost generous

irst interim of 60 cents tax free

w Inject a distinctly

buillsh

Anglo-Thai Rice Negotiations

influence in the market today In Final Stages

and prices for Textiles should (See share rise considerably. list for latest prices),

The feeling was that Textiles first interim would not be more than 50 cents, therefore today's announcement came as a plea sant surprise to many.

the

Bangkok, Jon. 21.

| ́He Didn't Like

Bureaucracy

Karachi, Jan. 21.

A man was arrested here for biting a messenger in A Pakistan Government office.

The man wanted to see 1617 official. but Text A temper when the messon- ker asked him to write his name on a plece of paper. -Reuter.

Active Trading

In US

Aircraft

Shares

New York, Jan. 21. Strength in aircrafts featured a surrow, mixed market on the New York Stock Exchange to- day.

Aircrafts responded to Pre- sident Eisenhower's request for an Air-Atomic National Defence Programme calling for 40,000 operating aircraft. They ran up or more in nctive point trading.

ม

A few special issues moved t point or mere either way but by and large movement was very

HAITOW.

centa

Industrials closed 34 higher on average: rails dippod 30 cents and utilities six cents, Icaving

general market

the

Thai and British rice negotia-average down five cents on the tors met at the Ministry of day. Economie Aftairs this morning by order to settle the anal details

year.

The

Plume

from

the

of an

totalling lightened, shares compared with of British rice purchases this 1,000,000 yesterday,

Apart

aircrafts, Since Monday, it seemed

Ministry of Economic market took the President's It in stride. ed to $058,001. Noon quotations obvious that the share market Affairs announced last night that budget message £30 million in the country's

Was morning's transac-

apprehensive about two British territories agreed to buy was about in line with what gold

Wall Street had anticipated, and exchange reserves

poiltical developments. Chinese minimum of 278,000 tons and during 1953, except for on

investors,

д always

tride a maximum of 400,000 tore this

Gains in the aircrafts ranged underestimate of £5 million GHARES DUYERS SELLERS BALEs nervous of Communist dictums, year,

to 3 points in Douglas which BANKS decline was anticipated in

The British negotiators are had were concerned at the Peking

odded the

help JK Bank... 1620 1030

Radio attack on

Colony's headed by Mr I. R. M. Willis of announcement of a higher profit consequence of the official policy INSURANCES

04215 Unlon

Administration, blaming "Bri-❘ the Singapore Government. under which import control was

and a $1.50 extra dividend de- not only to allow for

SHIPPING all essen-

tish imperialism" for the loss of The That negotiators are headed claration. United Aircraft went 1.11 1.28. ป

the lives in of manufacturing, knőčŘE, ETC.“ needs

recent by the chief of the Fersign up to $48%. Bendix a point to

Division Ministry mining an

Kowloon fre. K. Wharf

There were also Trade and agriculture, and

...bog

of $83%, Bocing % to $50%. Most Dock

21.10

fears of

Luang active In Karca Ceonomic Affairs, Mr trouble

day was most urgent consumer goods not

issues of the Provident (0) 13

following the release of Chinese Thawi Srethpanichkarn. obtainable in the Union, but

(N) 12.00

North

Anti- Korean

A communique cald. that "re Burloughs Corp., helped by & to provide

Whoclock all capital

8,13 8.20 2000 14

30,000-share special offering. ay and

was un- to prisoners the zording prices 8.20 Communist

It

Some of the high-prleed offe equipment for huge public and

that they agreed United Nations authorities, but animeurly private development

moved widely-Ameräds closed as the Communists did nothing should be reduced in accordance grammes, the Governor Bald→→

up 2% to $175%. China Mail Special,

to apprehend their departure to with quality (of the rice to be

Of the 1,140 issues traded, there Formosa yesterday, buyers come purchased).

412 420 higher, There were" 44" new lower.

pro-

New York Sugar

niso circumference, which was scientifically studied in 1851. Both could have been formed by collision of a meteor with the earth 3,000 to 13,000 years ago.

Secking to solve nature's great riddles, the com- and origin of cosmic ays, a U.S. Navy cosmic the rays, a

position expedition launched "kyhook" lee-plastic balloons from the deck Paclic of of a seaplane tender in

waters off South America. another Muskrat "Operation NAVE

launched com. project. scientists literally flocked to the Over the North Pole N

from bination

rocket-balloona regions

Biffin A US Army expedition, test-n icebreaker lying off expeditions

Arctic Island, in the Arctic.

A new observation station for Wore overshadowed by the cut-ing the

gathering dala on cosmic raya movie and atmospheric conditions was glacier in Greenlund, The de-established by the University of new solate wastes of Queen Louise Alaska and New York Univer-

surveyed by the

floor to the

wer'c Tyrrhenian Sea carried

cxplorers out.

wild South America.

0.

Although their

North

Arch

411-

韭

Intest army standing achievements, they, too, equipment, mapped a two-mile- accomplished, and learned, some deep snowbank and umazing things.

These

ranged

Dn cosmic

fram

were

Prest-

Futures

World No.

LAND, ETC HK Hotel ilk Land ftumphrey Realty UTILITIES

Tram

112

13

4000

9.10 225

70 77 2040 7011⁄2 18.00

2.075

2.09 1.07% 29000

28.30 2015 500 e 20.30

Star Ferry...

148

C. Light (0) 14.70 16.50 2000 7 14.80 C. Larut (N) 1170 1100 3500 w 16.02 Electric

Telephone

... 20130% BCD 3014

INDUSTRIALS

Cement

Rநம் STORES, ETC.

Dairy Watson

New York, Jan, 21.

4 sugar futures today closed unchanged to 2 polnis higher with sales of 123 COTTONS contracts,

Domestic No, 6 sugar futures closed 1 to 2 polnts lower with Future tules of 460 contracts. closings:

March May 01

of the ancient civilisa-land studies

in Peru to British North Greenland Expedi-slty on top of a 14.500-foot penk in the Wrangell Mountains, 200 tion of the Inces

miles northeast of Anchorage, in rays and lon research

Two offlcers of the National Alaska. Cosmic ray studies Geographic Society, the

the top of 18,000-2001 Mount Cash Boxes Were dent, Dr Gilbert Grosvenor, and

Charalinya, In Bolivia, were Empty So

McKnew, retraced from the air sponsored by the Atomic Energy

Commission. They Threw Eggs!

the Secretary, Thomas W.

Commander Robert Peary's route

Contract No. 4 (world)

July September October March

24.70

Chinese

back in force and the turnover in the moming was $764,000.

BELOW AVELAGE

2009- 19.00 1500 29.20 300 16.69

to $1,080,000.

Although nique les extent of the

official commu

yel stated the price reduction,

were

highs set, no new lows,

The NY Stock Exchange bond volume was $4,070,000.

The

American Stock Ex- change volume was 500,000

There IN a reflection of the Press reported that the specu- between market's

In sentiments

the lated cut would be business of the last three days. US$14 to US$10 per ton.

Meanwhile, a Press report 10 70 10 30 1000 m 101, On Monday business amounted

said that the That Government was prepare:

600,000 On Tuesday had fallen to

to sell 14.00

$012,000

on Wednesday.

ions of rice to Japan. If true

20 20.70

even allowing for the fact that it would mean that more than 21.40 200 22.30 business is notlecably

viacker half of the 1954 estimated That 152220 with only the morning call, the rice surplus is likely to be dia

this month.-United tacks 95000 9.20half-day's business amounted to posed cf

Press 0.10 $280,500, which was well below

Textile Corp 8.03

and

Brokers do not believe that

895 the news of a decline in Hong- Egypt Seeks

kong trade of $72. millon

2000

3200 w

2000 ** 8.00

the average.

500 50

D

1000++

1000 Pr

3.12b 3.34 3.355

MISCELLANEOUS

Yangtze Yauma!!

41%

2000

t

143

40 # 140

ony extent

กร

3.306

3.330

Spol (conta per lh. fob Cuba) 3,32

Contract No. 6

March July

September Nuvember Spot (cents per in, cit NY

ex-dock)

the North Pole, Flying in an Biggest Water Meter May Air Force C-54. Dr Grosvenor was the first man to locate the

Call- On Palomar Mountain, Malmoe, Sweden, Jan. 21.

taking Pole from the air by Anding

fornia, astronomers working Disappointed thieves

photographs from all sides. the cash box almost empty in

with the 48-inch photo-telescope Canadian and United States disclosed that their monumental a dairy store here, worked off

af Ellesmere Island Sky Survey ig three-quarter their bad tempers by finging scientists

round the sought the source of great float- thousands of eggs

comprehensive T3 completed. ing ice islands similar to "T-3". shop.

Gurvey photographic or Fletcher's Island, which has visible

already universe Broken eggs covered the place

has Furniture lay served as on Arctic weather base next morning. strewn about slimy with yolks observatory for the last two yielded previously unknown as- toraids near the earth, new

The thieves took the egg with them into other unproduc- and offices in the tive shops some building throwing them on and even desks and counters stuffing them inside a radio set. -China Mall Special.

A

of

Institution

6.50 Unlied Press.

9.30 for 1953 effected the market to £10 Million

Singapore Rubber

Market

a decline

Wha

taken for Brusted in the

business community. Similarly From Britain.

the rise in exports from $488.2

million in 1952 to $685.3 million

is hardly regarded as a serious raarket influence.

London, Jan. 21.

The British Treasury is con-

shures.

Dow

Jones closing averagus

were:

Jan. 21.

เ เ เ ร ร

200.43

HO MA

15 lies

40 bonds

Comm. future price index Dow Jones pot commodity

price taday

Dow Jones future" comm,

price index A Moody's Javewors Service Lidex, 10 commodities

DO,30

53.67

100,70

1043

100.12

179.20

100.12

410.0 --United Press,

London Foreign Exchange

Holed

The action of the American sidering an Egyptian request to release £10,000,000 sterling to Commerce Department in lifting Egypt under the 1951 Anglo- New York

come controla on the export of Singapore, Jan, 21.

Egyptian Sterling Agreement, Montrepl non-cirategic

to Hong- goods Prices closed today as follows kong, while of

according to an authoritative Hamburg immediate 110

Brussels (In Straits cents per lb.):-

benefit to local traders, is resource here.

Dako No. 1 rubber per 16. Feb. 802-204

March

B01-001 garded in some business circles

The Bank of England released Paris Apri

383%-561% as a pointer to increased trade

with U.S.A. this year after the on January 3 at the request of Stockholm

the National Bank of Egypt, No. 2 rubber per lb. Feb. 16.30 No. 3 rubber per lb, Feb. 645415 No. 4 rubber per 1b. Feb. 81.512 41 p.e. slump in imports last £5,000,000 sterling, the source Spot rubber unbaled 651-50% year,

United Press. LONDON MARKET

London, Jan. 21. The rubber markei was steady after easy with No. 1 Res. spot quoted at 16-0/18 pence, Prices: No. 1 Row spot. 16-9/18-10-11/10

the

New York Metal Futures

New York, Jan. 21.

In

Load Jan.

11.750

*

10

Fob. Jan Feb.

11.720

84.906

Zinc Jan.

Copper Jark

Feb.

83.243

8.37 27.20b

20:55D

Telted Press.

Match

LONDON PRICES

April/Jung

Copper spot

Ldact

#port E-month

math

Jan.

Apr.

Jan. -Apr.

and whites and the Boor was years. Scientists from the Omec nobuire and clusters of nebulae carpeted with cocoa and sugar. of Naval Research continued ear out in space,

The thieves even appeared to their five-year study of weather

The biggest water meter have vented their anger on fluctuations on Teku Glacier,·} flower vases and pictures

and 30-mile-long, 1,530-foot-deep history was used by Woods. Hole

Oceanographie maps on the walls, all of which mass of fee and snow in Alaska. mensure the flow of the Gulf Expeditions made some im- stream through the 100-mile- were spattered with hard-flung

is- anthropological portant

wide Straits of

of Floride. coveries.

now, it was The averago Anthropologists discovered an estimated, WAJ 7,245 million ancient village site on the North gallons, or 100 million bath-lubs Knife River in Northern Mani-

every second. toba, Canada, substantiating · 8

Meanwhile, Smithtonian In- theory that prehistoric culture

4

went under stitution experts circled the top of the world. water in the same Straits lo Village sites belloved to have hunt priceicas historical objects Zine

on inhabited by an extinct Indian tribe before A.D: 1,000 from a Spanish ship believed to

220

years ago. have been sunk uncovered on lonely San

The Marine Laboratory of the Nicolas Island, 35 miles off the University of Miami continued const of California.

Its study of ocean plankton and

(senan-going)

Britain Provides Ships For Indian Troops In Korea

London, Jan. 21.

were

'Baby Brother' Crater Scientists worked with the silk

nets to a depth of 400

fathoms

The British Government is to The skeleton of on antedilu-in the Gulf Birnamn. provide two ships, the Asturias vian reptile, 50,000,000 years old, Ichthyologies from the Bing- and the Captain Hobson, to was found near the ancient city ham Oceanographic: Laboratory help carry back home the of Leiva, in Colombia.

of Yale University #indies" the Indian troops and Red Cross Vilcabamba, lost capital of the breeding," feeding" and anigratory workers who did

guard and Incas, wan the objective of habits of mit water Ush bláng administration work for the American Cleographic Beclets South America's weit const. Neutral Nations Repatriation expedition, which searched the

from the Commission in Korea,

Califorul collect

The

two ships will have Peru. accommodation for docut 2,100,

2,000-mile Inca highway in

One of 1110 worldw test for Biasa si intrive by. Natiśral!

cd

¿While

The Contrionwealth Relations bidden landa' the Chúéo Indian Once whnouncing this here country of paren, Panama, was History Foxpedition tonight, guid". Sho ́"British | Also, teplórét,

Government was "glad to be In the late summer, a 'reolo and spiders, and able to assist the Government gical team, sponsored by the amphibians, and of India in this way-Beuter. National Geographie Scolely and China. Mail Special.

All

Settlement house tering,

February

London, Jan. 21.

July/September Buyer Boller | October/December

02715 82214

210 210 *200** 20014

#27

70

pricre iau berting per long kot, -United Pross

CHICAGO GRAIN FUTURES

Chicago. Jan, 21. Prices por buetiolin Centerp

Closing Priors

J

2100

red

1976-2014

102-104)

1634-1036

164-17

17-1711

18-7/34-15-9/10

General markbis, clf basis, porte: January March

16-7/16-18-9/10 -United Pres

NEW YORK MARKET

New York, Jan. 21. Rubber futures today closed- unchanged to 10 points higher

with sales of seven contracts.

Futures closing:--

March May July September

Dvcumber

sald.

Zanich

London, Jan. 21.

2.81 3/10-2813 2.7334-2.7314 142-14% 11.6015-11.6015 130.90-130.05

20.00-20.00%

97916-794

14.50-14501

12.7116–12314. amUnited Press.

NEW YORK EXCHANGE.

Canada (dollar) England-official

Anomici 30-day fuburo 90-chay. Kabare

Although there is sull tale money available for investment, But the Bank had referred to there has not been a return to the Treasury the Egyptian Na- the boom levels of trading of tonal Bank's request for simul- release of another

Australia (pound) early last week when business tonecus

sterling. This New Zealand (pound) passed the $2 million mark, but £10,000,000

period

of sum is due to be released in the South Afrlow (pound) understandably

current year under the 1951 Belgium Hardc agreement.

profi-taking had to follow.

Brokers Expect the stock ex- change will find a level around existing prices which are, with one or two exceptions, fairly high.

UK Steel Output Up In 1953

London, Jan, 21.

US Commodity Markets

New York, Jan. 21. Erratic' and wide fluctuation in coffee futures dominated

Steel output in Britain rose mixed commodity picture to by almost a million and a half day

Cle

After passing the tons last year to a total of unit of two canis a pound of 17,000,000 tons, the Tron And

coffoo prices churac the start announced

nervously and dropped back to amarrow margin of the previous Pig icon production was also close, Cocos, also speculatively 20.106 up11,175,000 tons compared exclied, dropped the dally limit

20.03

29.03

Steel Tokerstkinda

here tonight.

20.30

BJ.10b

Unlied Premi

Closing Rater

Denmark (krone) France (Franc) ma dency (deastache marki Hound (guder) Italy-official” ..... Nerway (krONS) Pamut (escudo) Spam (pereta) Sweden (krone) Switoorland-free

FAR EAST

India (rupce}· Platan (rupea)- Hongkong dollar) Indones (rupčndi)

Japan......

Bogipore (strate dollar.

2.81 3/10

Jan. 31

31.03

2.04-2.07

2.81 5/29

2.81 4/32

2.81 2/10

22.015%

.002014

£450

200 yer to US$1 United Pres

NZ Trade With USSR

Wellington, Jan. 21.

Thio New Zealand Minister of

with 10,728,000 tons in 1862 of one cent a pound after a Industries and Commerce, Mr Exports of fron and steel wobbly start willespread crill Jack Walta announced, that York Cotton thelum in. in

during the first 11 months of Last year-Reuter,

New York, Jan,

over sky-rockming prices importing from the Soviet Union caused

greater hesitancy in both "Brifted quantities of a number markets. RUNKLE Ink & traders would be

Grains closed, mixnda higher evertones At Chicago, given an opportunity to import local wheat closed up to 4 cent; binoculars, ennierna, elgarettes soybeans up to or costs and tobacco, colton plece goods, At Winnipeg wheel ple bristles aclentine tril

akina, matches, newsprint.:

priced at 50%!

bushet for No. 3 Northern, and for No.3; it was at 165, contra United Press,

many statues and worka • Of alle konakvodien and sorns sy beu.

of wines-Mouter.