1954-03-11 — Page 9

THE CHINA MAIL, THURSDAY, MARCH 11, 1954.

Lisbon's Catholics Remember Cardinal Minszenty

Over a thousand Catholics attended a service at the St Domingos Church, Lisbon, recently, to mark the fifth anniversary of the life sentence passed on Cardinal Minszenty, the Primate of Hungary. Among those attending Wax Admiral Horthy, the former Regent of Hungary, and the Archduke of Austria. Picture shows: Admiral Horthy and members of his family sifting in the first

row of the congregation.—Express Phote.

"Treated Like Beasts," Two Men Allege

Complaints Of Ill-Treatment

In

Of Coloured People

South African Prisons

Johannesburg, March 10.

An African journalist who deliberately sought a prison sentence has caused a renewal of the controversy over the treatment of non-European prisoners in Transvaal prisons.

In January, Manilaí Gandhi, son of Mahatma Gandhi, and like his father a disciple of passive resistance, was sent to prison for his part in the "Defiance of Unjust Laws" campaign. Gandhi was accused of entering an African location without a permit, and he served 25 days in paol at Germiston, a railway town near Johannesburg. 00 his release he wrote an article in

African monthly magazine, “Drums", alleging that African prisoners were beaten up, kicked and slapped and treated “like beasts,'

کردیم

WIN C

Wong an

an

His allegation

Drum" te alleges they had anything mediately denied by the Seal Chud natwe pristers at Johnness their bodies. African Directer

IN DAY dary Central gol are trashed Mr V. t. Verster and has the and Minister of Justion. Me Charter treated like broste" Swart.

Mr Swart refused the apronster commission of lucus on the ground that there wan to ma stance in the allegations 3. Justed.

and

TITA

זיזכרו ft

kwked B

"generally,

Humiliated

Ile

prisoners grated and humiliated, and bett for mural state that before trea entered.

al

TRADE

BRITISH SHIPYARDS HIT

annel

Another Upward

In

Twist Costs Spiral

Appreciating to the full the need to stabilise, if not to reduce, their costs in order to attract new work, shipbuilders in Great Britain have a further cause for anxiety in the Government's decision to allow a 10 per cent increase in railway, dock and canal charges from March 1, says the London Journal of Commerce.

In addition to the effect, direct and indirect,

COMMERCE SECTION

Tank With A Teapot

Berlin, Mar. 10.

Tea is so vital for the British Army that oven the giani 54-ton' Centurion tank has

standard

equipment a special elec- tric teapot, the Berlin Ob- server. weekly United Alates Army

here reported.

The most

nowspaper

remarkabľo thing about · British soldier is this craving for tea, the American paper said.

Etx reporter, Private Gerry Tavernier, 38, Wor- chester Street. South Bridge, Massaclinsoits, wan writing on his visit to the Royal Irish Fusiliers. China Mail Special,

of this increase, shipbuilders have also before HONGKONG

them the prospect of a recommendation being made for higher wages to members of the ship- building and engineering unions when the Minis- ter of Labour's court of inquiry issues its findings.

Not only do these

charges | unless a new flow of replace- mean that it is imporribl;. to nent orders can be attracted to stabilise the cust of new lun- the yards that cushion will be nage; they must necessarily | uncomfortably thin in less than defer the return to fixed prices.

and have in-

Even when the effects of higher transport charges perhaps, higher wages been ascertained, it seems evitable that it fixed urtees could then be quoted for new ships they woukt to consider- ably more than most owners are at present prepared to pay.

As for the effect of higher railway freight charges, it hus' been pointed out by Mr H. S. the Vian-Smith, secretary of horne affairs and transport

ivision of the Association British Chambers of Commerce, that it takes four tons of raw materials to produce one top of steel, and each of these four tons will have to bear a 10 per cunt increase in treight charges to get it to the steel works.

When they have been turned into steel, consumers will have to pay another 10 per cent in- crease to move the ton of steel and so on all the way down to the mished product.

SERIOUS

two years, and much sooner than that for numerous smaller yards, which are even now anxiously seeiding new orders.

It is dimcult to envisage them when the spiral of Costs stal ascending.

STOCK EXCHANGE

(From Our Correspondent) -Business on the Stock Ex-

change this morning amounted to $820,004.20, Noon quotations and the morning's transactions;—

SHARES DUVERS SELLERS SALES

BANKS

18

BK Bank Exat Asin

Singapore Rubber

Market

Singapore, Mar. 10. Rubber futures

prices closed today as follows:- No. 1 rubber per in.

March April May No. 2 rubber per lb.

March No 3 rubber per lb.

March No. 4 rubber per ib.

March Spot rubber undated Blanket crepe

No. 1 pale crepe

INSURANCE

Lombard... Union

Underwriters

DOCKS, ETC.

K. Whart

1035 1088

100

UK

Dollar-Earning

Prospects

In Months Ahead

By Sydney S. Gampell, Routor's Financial Editor London, March 10.

Excluding the North American debt pay- ments on December 31 of each year, Britain's dollar reserves have been rising uninterruptedly since the autumn of 1952. But at $2,583 million on February 28 they had still regained less than half of the distance between their lowest level of $1,662 million in 1952 and their peak of $3,867 million in the middle of 1951.

February's rise of $40 million in the reserves was one of the largest in recent months, Since last July, the only larger gains, and only slightly larger, were in November and December which had abnormal receipts of Russian gold.

But the February gain of $40 million included $31 mil-

lion of U.S. ald, and $7 millon NEW YORK

from the

European Payments

Union in piret rettlement of the sterling area's January surplus

with the Union. The

earned surplus in February, excluding the EPU, was thus only million. The

dollar receipt from the EPU in March, in re-

STOCK

MARKET

New York, Mar. 10.

3 1846 pect of the February surplus, i

will be only about $ra million,

The February surplus with i the EPU was £1,200,000. But Industrial shares rose to a new high since Oct. 25, 1929 in an active stock. market today.

35

#145

800

104 603 20

800

ร

76

Dock... 20.00 21 20

... 12.00 13.80

during the month the Nether- advanco

inls made mother debt repayment of £2,300,000 to Britain. Britain herself re- pays just over £1 million debt to Italy through the EPU

each month.

of

pay

Provident

(Old)

Provident (New)

13

S'hat Dock .. 1.13

Without these debl

Wheelock

88 15 1000 47

1000

7.03

ments, Britain's

17,700

ถ.

In February would

1000

4.

about all square.

In January

800

毯

3000

0.03

4000

0.05

2000

0.00

521-522-

0215-3276

0132-52

5372-34

LAND, ETC.

47-49

IK Hotel XD

03-04

NEW YORK MARKET

New York, Mar. 10. Rubber futures torty closed unchanged to live points lower with sales of 63 contructs,

The market eased on lack of

In terms of ships, as finished products, these cumulative in-buyer interest. Consumers were | creases will be serious, and holding off. must lest the vantage Dri-

tish shipbuilders have enjoyed quoted by traders at 19

In compelitors

B

HKC Land .... 701% 7735 000 @ 701%

300

701

300

77,

100 @ 71

300 @ 77.

Spot No. 4 Rss

S'hai Land Humphreys

1.20

hidden in

over having

foreign

pound, off steel, cheaper

even ƒ closings were; though supplies have been in- adequate.

A

wore! cents cent. Future

XD Repity UTILITIES

10,40 200 18.40

2.13 2.17%

Tram

20.10 29.40

Match

10,96

May

10.04

Star Ferry

XD

103 100

July

19.602

19.000

Dec. March

39.05

19.03h

Neither swap nor a towel was upplied

the showers. Pisoners

were told

to skip around in order to get dry.

For the slightest mistake they were klekel er slapped in the face, especially at incal times and when undressing for a search after coming back from outside worl.

In the lis 12 and il en after lund a

long-term 1511 Truly

atmosphere. prisoners, who mixed with the b.al

short-term

thrashed prisoners, At foul language" WWN

prisoners "inore severely anct than the prison Some of the

clothing much oftener

and atten further officials themselves,

| 21

chaplain advocate of pl celta, al sand the exaggerated.

The

риза

then

dred down but has bem reop ned issued

k

way suded, he

the

by "Drian", which putliches allegess, and whenever prisoners in the presence of white or black glory by one of

f repeatees Marl

mrdient. Warders," Le searchink who went to gul for fou dry. +xaminediens

111

for

African doing ten years This man.

African, sys; their clothes were piled in was responsible for the in-and- that he went out without a pass heap and one seldom got back; vul movements of other which Africans must carry after the same clothing afterwards,

arrested und He was

9 p.m. sentenced to a ne u 107 - or At seach time they had to five days; he chose the prison strip, then Jump into the air sentence,

hands, in case and clap their

PENINSULAR

practice

LONDON MARKET

London, Mar. 10.

Sept. Conditions over which ship- builders

any, have little,

increasing control are clearly the danger of suffelent steel being available only when there is a shortage of new tonnage to be fabricated from it.

In addition to miceling

charge heavier

for steel, estimated at several shillings & be 1on, shipbuilders will also confronted with an increase in of the pithead

price of coal 40. about 2s, to

ton, which, in "will,

be

In reflected turn, electricity charges.

The outlook for the industry this year is. therefore, one from which those engaged in It can derive little comfort.

The existence of an order

Dupont's Record

prisoners. Though I was a book of some '5% Tan. gross short-terin prisoner, I too, had

tons affords form of tem- to take orders from him.

porary cushion, as it were, but, "It was a common for short-term prisoners to give their small plece of meat to long-term

prisoners for small Invours such ns tobacco, dagga, a

to hemp weed similar

marijunnis (smuggled into the gaol) and shoes (supposed to be suppiled coloured prisoners only),

New York, Mar. 10. wooden

spoons, or to ensure

Dupont sales reached a new that they were given

sleeping high

mark mats,"

dollars lusi by high

& ORIENTAL to

EPARABL

STEAM NAVIGATION COMPANY

R.M.S. "CARTHAGE“

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

Friday the 12th March, at 12.00

noon for the UNITED KINGDOM via Straite, Colombo, Bombay, Aden and Port Said.

On being discharged from the gaol, they were warned by warder ngainst making

3 any

Sales

The rubber market was steady with No. 1 Rss spot quoted at 10 pence per lb, Prices: No. 1 Ass spot Settlement house turi:“

132

C. Light 1015.80 15.70 600 ur 15.20 000 12.70 Light (N) 12.00 12.76 Electric XD 30, 31, 1000 31. 1000 31.

500 or 31.

1000 21. 490 or 31. 400 128403 330 25.00 28.00

EPU position have beETI

the Netherlands made an Ad- vance

debt

repayment

of

£12,600,000. Without this, and without the debt payment to

Britain's Italy,

January EP surplus of £4,700,000

would have been a defielt of about

£7 million.

H Britain's eceipt

of $31 mil- lion of U.S. aid in February

the larg

was unusually lurge, eel since last July and,

with

by small amounts,

Leading industrial Issues rose Rails were narrow movers except New Haven which had a wide enough loss to

edge the rail average down. Utilities

rose to a new

high since Sept. 2, 1931.

The market features included machine tool issues, metals, some ir-conditioning issues and clee- tronies hares.

Cincinnati Mining Machine jumped elmost 5 paints to new high. Bullard gairied more than 2 points and gains of a point or better appeared in Black and Decker,

Bors-Warmer, Chicago Pneumatic Tool.

and

that exception, the largest in a Carrier featured among alr- year. Apparently it is due to conditioning issues by rising 3 soine bunching of receipts last points to a new high. York

toh.

and normally one : Corp. and Worthington aisa would expect lower Agures In

| future months, since U.S.

er scheduled to be as high $3 million a month.

fence ait to Britain is no long-

de-

renched new praks,

as

MAY INCREASE

On the other hand, the February receipt included very Bittle Section 550 nid (U.S. firm surplusen sold to Britain for

sterling). More then $60 lion of such antes

The aircraft group moved up with United Airemft at a new high.

Strong specialung

Included South Puerto Rico Sugar, famil ton Watch and American Distill- ing all a point or more higher.

DOW JONES AVERAGEB

New York, Mar. 10. Dow Jones cinsing averages on

authorised to Britain, but little Wall Street were as follows:

Tel. XD

20:2323,60

1164

15%-10%

April

May June April/June

101%-100%

เค-Acti 10-16

Dairy

July/Sept.

101%-10%

INDUSTRIALS

Cement

Lot Motal

STORES, ETC.

Wation

XD

118 40 500

1,900

18.20 2,15

ml1- have been

Oct./Dec.

10-14

Jan./Mnr.

10-101

General markets, cif basis, ports: Manch

Emporium.. Kwon Sang

3,750 0.40

50 f

101-10

April May

18 18/10-18

10-10%

United Preka,

27.70 300 27.70 any more than

of tobacco is no for known to 100%

15 utilities 7.55 30 F 7.60 have been bought, and much 05 stocks of this came into December 40 bonus and January rather than

Into Comm February. This element of ald

inercase in may

coming months, since Washington is

The Industriala $20 million

191 | 20 rathe

SALO

10307

39.67

113,7

100.71

future price index 178.00

United PreĦA

2,000 6.50

surpluses.

London Metal Prices

London, Mar. 10.

The tia market was steady.

ཅན་ ་ ་

Z

COTTONS

Textile Corp 3.70 7.00 1000 $ 7,65 1000 7.43 2000 un 105

MISCELLANEOUS

Yangtze

Yaumati

10 142 Allied 4.07% 4.10 3000 @ 4.07%

2000 4.00

very anxious to move the farm New York Cotton

to Europo for the US. Government's off-

Dollar payments

3000 4.071ahore purchases are scheduled to rise steeply this year. BH- tain's share of these paymenta

Spot fell 1% sterling to £700 New York Sugar

and three-month

£0824.

Turnover

0

13

34

in the afternoon i session was 05 tons, but none

was for cash sale,

with zine strong and lead steady of 1,750 million Prices closed in the afternoon year accompaniledi session as follows:- employment, record | Tin spot high operating investment and

plus research expenditures, to the official who

allegedent-record expansion of plants.

discloses in the company annual report. The selen totai was nine per cent over the pro- vlous record of 1,802 dollars set in 1952.

complaints

signed them out, he

China Mall Special.

Leeds Murder Trial:

Police Evidence

Market

Market

New York, Mar, 10, Cotton trading today moved

will of course improve her away from recent slow and in. dollar receipts.

moved.

They will show

decisive

pattern and

moderately nctive

fr as a benefis | higher to the carmed surplus, not as dealings.

re- an enlargement of the old New York, Mar. 10.

ceipts, since they rank as pay- The activity was brought on ments for British exports, not by an increase in mill demand. World No. 4 sugar futures to-

as ok, Lamentations over the dealers sald. Offerints continued one point lower to day closed

turn led to higher with sales indirect and long-run dangers limited and this points

of there abnormal of 58 contracts.

orders as short covering by professional also Domestic No, O sugar futures

of Japan's much larger traders. Old crop July reached closed one

lower

procurement" with "Epccial

dollar a seasonal high at 34.51 centy point

riceipts can be overdone. Rea pound. rources which are being used At the close, prices ruled for special orders cannot be even to 17 points higher." New 3.33% used twice over for normal or- Oricans futures inished un- 3.31b ders loo.

The copper market was quiet

three

buyers sellers

704

Its

3-month "Copper spot

3-month Lead Mach

June

602

2001

241

sales of 578 contracts.

ROP

Future closings:

FLEX

na

Contract No, 4 (world)

Zine March

73%

74

May

June

July

million

NEW YORK MARKET

September

Getober

3.32b 3.320

January

May

3.33 3.32b 3.236

current advance today,

A

July Increased sales of some pro-

leading custom amelter Spot-cents per lb, fob Cuba). — ducts such as nylon, "Dacron" boosted the price of lead at Contract No,

May polyester bre. and neoprene New York 4 cent to 13 cents July were made possible, by expand-per pound.

Septembar ed manufacturing facilities,

5.86

5.87

0.89

November

President

last year. He

New York, Mar, 10. Metal prices continued their March

PRICES

Chicago, Mar. 10, Prices per bushel in cents:

Closing Prices

May

ex-duty)

United Prena.

CHICAGO GRAIN MARKET

༞ ་"་་་

Meanwhile, the dollars come

changed to 10 points higher.

Trading volumes and open in very handy, Europe's real interests were today in the mesururce of there dollar carn- Exchange as follows:

ings that the U.S. wants to spend

rather than Month

March

the May

dollars Americam lives, Just As world's ical arsurance of what July passte for doliny ald is that October the U.S. wants to get rid of its March farm surpluses. In the Com May gressional Report

on President | July Eisenhowver's Economic Mes-

Total

Volume Open Interest

0.200

$71,400

£3,500

807,300

19.400

606,500

10,700

109,300

December

0,700

245,500

1,600

93000

209

2.200

43,600

78,500

2,101.000 balos

Uniing Pro

Boge, almost the only positive recommendation is "an aggres- alve policy" for enlarging the markets for these surpluse in the US, and abroad to that spot end, the Congressional Com March mitico aayi, "foreign relief- May should be stopped. up."---Reu-

Chicago, Mar, 10, Grain futures were generally lower on the board of trade today. Most of the grains were ter. close to their day's lows within.

a half hour of the close.

The price of zinc advanced Norconia per ib. ci£ ̈ÏŸ Leeds, Mar. 10,

Hcent a pound to 9% cents Crawford A police officer described in court here today how he un-

Groenwalt reports the company per lb-United Press. spent 136.1 million dollars to Passengers are requested to send ALL covered the body of a murdered

improve and expand existing CHICAGO GRAIN six-year-old baggage to the Hongkong & Kowloon battered and buried in the baseplants and laboratories and Wharf Co.'s Godown at No. 2 GATE, ment of a Hailfox church. build new ones CANTON ROAD ENTRANCE, by He was testifying at the trial said subsequently, that thus far construction 'spending of Albert George Hall, 47-year- in 1954 old Halifax urch caretaker had been at about the same rate accused of murdering the litle as it was in the same period wheat, Na, 2, red,

last year. Hackett, last August. The prosecution mold today

Dupont's research expandi my that Hall described the nature of

time Live body was completly of 67 million dollars not incfuch

the girl's injuries two hours tures set a now high leat year Beb

uncoverod.

ing costs of laboratory construz. Police Constábio H. Bond "Bald tion. This was an increase of that on September: almost five million dollars over, 1952 six- weeks aftär. Maryadis- appeared-ho found a small pilo of rubble, in a corner of thế forward on a scale in which church basement, Lopetegi expected to ruslotain the health He scraped at the rubble and on the ? preacht (bušněný exposed a few inches of me. provide the?) before ou body before seriding, for Bipes, growth and diversificatie landara oficere, he said Growalt Chips Mall Spoiler

NOON on Thursday 11th March, 1954. SPECIAL NOTE: With the exception of hand packages carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Co's Godown for loading ‚on: board by ship's elings only.

BAGGAGE COOLIES WILL NOT BE PERMITTED TO ENTER THE WHARF,

EMBARKATION: Passengers should embark between 9.80 and 11.00 a.m. on Friday, 12th March, 1954,

"Research la being carried

ま

Corn, No. 2, yellow,

A market service

reported

from New York that Western London Foreign

Germany, has · given) space for

·movement · of 80,000 tons of Exchange

corn from the United States.

Whoat

for shipment In April and Mayew York

up 1%, to off th Montroal

[5% | 4m

certs, soybeans

ybeans off 1 to 5%

cent

At: Winnipeg, (wheat war priood at:.171 "centa" perrbuchət;{ List- No; 3 Northern, und für: No, OŠECHNY 103 cents, United

London.

July

Dec Mar

July

May

$1,800

NEW YORK PRICES

New York, Mar. 10,

Cloning Prices

United Press

Exchange Rates