1954-04-28 — Page 9

THE CHINA MAIL, WEDNESDAY, APRIL 28, 1954.

Dutch Students Go To London

'LET'',

TRADE and COMMERCE SECTION

WORLD MARKETS' REACTION TO

Shop Workers FAR-EAST

Call For 15 p.c. Rise In Wages

executive.

Defying their delegates at The annual conference of the Union of Shop. Distributive and Allied Workers in Brighton last week demanded 1231 im-1 mediate claim for Art erense of 15 per cent in the wages of all the 330,000 members.

A party of 82 Dutch students. 13 girls and 40 bays, accompanied by six of their tutors have arrived in London for a week's okay by stre

capital. While in England they will be the guests of London aludents who have been offered the opportunity to take part in a return viall to Holland in July. The individual hosta — students of the London County Council's Junior technical and commercial colleges and day college wifl entertabs the Butch students

by 140.947 votes to 84,708 50 They have been readily forthcoming and reside in all parts of London. start in their first day and began a tour of London with a visit to County Hall, home of the bond in County Counett.-Express Photo,

weretary, serilad

in their own homra, The purly

made in early

"Give Them Back, Denmark!”

Iceland

Fumes Over

Its Missing Mediaeval Manuscripts

Copenhagen, Apr. 27.

A "little war" has broken out between Denmark and her former colony, Iceland, over some 2,000 mediaeval Icelandic manuscripts which have been in Danish possession for hundreds of years.

The controversy, which has been latent for several years, flared up recently and resulted in meetings of the Danish Foreign Affairs Committee, exchanges of notes between the Danish and Icelandic Govern- ments and a daily polemic between the newspapers of the two countries. The subjects of the controversy, the so-called Icelandic manu- scripts, are now either in the library of Copenhagen University or in the Royal Danish Library.

In New Malayan

Parliament

Elected MPs

To Be In Majority

London, Apr. 27.

These in the pussession ut Before then, Ieolund, which Copenhagen University are part had become independent politi-

The resolution was adopted i

dwr the general Birch,

rard

vote

Alr

had 11 as tranpropriate

was Commuals

hadi

TENSION

Share Prices Fall

In London

And

Hongkong

COMMODITY FUTURES

RISE IN NEW YORK

By A Special Correspondent

Many commodity and stock markets in the Western World yesterday and on Monday ex- perienced sharp reactions in prices reflecting the grave doubts about the outcome of the Geneva anspired!.

conference and the worsening situation in Indo- Mr Birch made it cle iltat

China. By unions Parvative oppresing an ensuite for

impraticable hinted that it

were put 14-T

-

rates.

First H-Bomb Shelter Built

The Hague, Apr. 27. Holland has bull what 15 probably the world's first civil hydrogen-bomb shelter 11 feet below ground level in the centre

of The 11ter is split up

The

inlo anall arction capable of protecting 590 people.

han four entrancês

and the cellings are I- munkeed against radio- notivity Et

apecial ventilation system and a kitchen for the provision of meals. China Mail Special.

HONGKONG STOCK EXCHANGE

CHICAGO

GRAIN

MARKET

Chicago, Apr. 27. Heavy selling in wheat found Icw buyers on the Board N Trade loduy, which pushed the bread grain futures Intu low ground.

Other grains general followed the same pattern although shortage in supply of old crop soybeans continust support to the bean futures,

dive

Improved weather over the Farm country and a report from the Department of Agricultury which estimated that April 1

i

Blocks would be at record levels pro- moted the heavier trend futures. The

soybeans

nearby

www thin

for demand

yesterday estimated น outweigh supply by about ñva 10 ur. The Visible supply of May and July soybeans t inaker minals was sald to be

only

1,337,000 bushels, Friday wil be the est notice day for i tention to deliver against Mny contracts.

today

The Hongkong Stock Exchange which showed employers must marked uneasiness on Monday's dealings slipped That workers would hack again yesterday carrying down utilities strive to udatam thetr

in prices, which hitherto had been well maintained at lower ards white increaseR were affecting manly the lens If the lower-juic employee's burtgel and the cast of living 4 1

because rising

of the policy of decontrol, he said.

For more than in rears few youths had entered the distri- intive traders to make a extver wa:et

A Krowing seuretty of suitable Pandilates For mariagertai prosts

(From Our Correspondent)

The Board of Trade Clearing Ballet sentiment prevased on Corporation

announced the Stock Exchange today ford) that it will ring the minimum offerings in market leaders were

margin requirements on May and scant. In quiet conditions small July soybeans futures 10 cents Prices fell sharply on the London Stock Exchange uues and Wheelocks

gains were well distributed and

a bushel tomorrow. The new in parti.

mininum margin will be yesterday after weeks of buoyancy. In contrast, however, cular had

Better enquiries u

cents a bushel for the Brat New York stocks climbed higher. With the exception of | rates. The cloke was stendy. million bushels, and Bye conta a the New York market it was obvious that lension over Trade and "nervous" buying bushel on each milion here-

of Singapore the Far Eastern situation was the influence affectingther sharp

commodity.

1905

wies

markets.

11:0

rubber brought a advance in the shares agalu were inclined to be sluggish.

Business amounted to $663.- 28.8. Noon quotations and the morning's dealings:-

80 1635

HARES BUYRBA SELLERS BALKI BANKS

1850, 1665

170

180 143 710

In Amovica it was chiefly the, reflects the feeling that with a the standard of servle Ext

fature. mulets which

wite further deterioration ir Live Beaney fa distribution were affect d and metal and sugar Indo-China situation deand to declin stall Fri, Lie futures

Al-Will wore miked up.

be Artully increased. level

futurns a structure

were | America is pushing ahead with of wages

ten must be reviewerl.

Buchte in both New York and ambitious plans to develop the Distribution

100 10-

rubber Nowe Odeons this was probably

but of synthetic du more to hopes that Wesh traders believe that a long portant to the health and wel- fare वर्ग Th coarmunity to mugime would revise the Elsen- the present Far Eastern tension become 4

[7. slun trude

the how

thr ITIN remains there will be steady Government milerde:1

Dack than demand for the natural product

The conclusion is inescapable however, that if Geneva provia to be a suce:ss, if tinken de creases in the Far East generally raw material prites will be bi drastically.

iptur

to more support for

to establish a level of

"PARTY LINE"

of

MIL

Thus

111

10

KK Bank East Asia

;1 5

INSURANCES

Unawar

Underwriters

DOCKS, ETC

What!

Pravideut

10.

Below is a table showing world market trends in rubber. sugar, cotton, lead, zine, copper and tin and the Agures Rivo some indication of the rise that has taken place in a number of commodity prices.

S'hal Dock Wheelick

LAND, ETC

HK Hotel

7.40

after

Wheat closed uff 4% to 7 cent; soybeans ar 3 to B cents.

AL Winnipeg, whent Was cents a bushel priced at 175 for No 3 Northern, and for No 5, It was at 100% bushel.-United Press.

CHICAGO GRAIN PRICES

Chicago, Apr, 27, Closing prices per bushel In

ents:

vents

Wheat, No. 2, red

por

203n May 21 (1) 20415(L) 203}5-20415

71

17 30

Spot

12 40 12.70 400 12,40 500 12.40 100

July

Sept.

1740 300 1 1.40

Dec,

212-13

1000 -7,40. |

1000 10

Corn, No. 2, yellow

1000 wr

7.40

Spot

10994

300

715

May

1533-

10000 or 755

July

10214-1

Sept.

14015

5 10

500 8.40

Dec.

1435

600

8.35

Bye

1000 11.40

2

SU 30

DÓ

May July

·0874-35 122149

Ila 34

21

34

Soybeans, No. 2, yellow

1.70

Spot

1075 2 1000

2

May

July

27 40 27 40 100

Sept

Nov

500 or 214Ŭ

C Light 012 990 18 10 300 10

500

Jan.

marsty

2000 T

Spot

New York door

190

200 k

1:00

500)

200

1540

C Light INI

13 13 10 10OU

programm establish a freer économy and to to The political skin in the Hive fuller rein to competitive

East.

The Hewit murkets Torers,

then clearly freedom w.re also unafřested by uutsile must be conensed to organised indu nees.

reasonable sutce wages commensurate with their | wheat, cotton, tubaceo sn bargaining power.

number of other farm comTM moditica are not generally con- The opposition of the union's tired

sho: supply executive to the resolution was America. The supply of gradu

unanimou

In that country, as wall s because

K Lond nearly instructed them to deriand an oth

other

major grain producing

S'hal Land immediate

Realty meresse of a given centres such as Argentina, Canada Bmount, regardless

It in no senge and Australia is extremely good negotia-

UTILITIES an apologla

Iram to state that the prices on the at present and the supply tions in progress or just con- clucted, and rogarıliess of kno América o present is about 10% New York metal futures market difference in conditions in the mision

thun ton's higher

15 show little change Over I

Is where

three-weeks period but this 50 or more trades

the months ago.

th: fael thal The rubber markets in Len- largely due to unis budi menibers,

Mr Birch

Lonton dn (where spot No. Has was Lon and not New York sald that it would bring the

ma.kel tunt highest point sine: Augusi dictates this partular speed of negotiations down WOS

25 Jast

Nuw year).

York, and that Niw York generally and corn-

behind the trend! of Singapore, Indonesia and in. lagy mented that the sponsors the resolution were concerned

China have all shown moderate London.

April 26 to good advances in the last two RUBBER to follow the The feelandice Government und

merely

**party Icelandte scholars have lame" and secure a victory

at days.

In m:tels, in on London was been trying since 1930 to recover the conference.

and thiu manuscripts. The Danes

frm yesterday while zine seppe priets held steady. But wern reluctant to hand ver

with prices on a comparison treasures which they had hekt

there wick's ego (ate table te for centuries and the matter has now become a national issue un the Icelandic side.

Iceland's

of what are known to scholars cully in 1918, was still linked to as the Ama - Magndean

through ellee-Denmark

a personal to the King. fam Svetssion during the last war at meval manuscripts Denmark. Nrway and leeland, a Time when Denmark

Hon, -ennslating of almost 3,000 union mediaeval

The leslandle section, mumber- unable to make her vice heard

about 2.000, Is by for the is still murh resented by Daner must valabile The documents were written en vellum in the] Jeelandie language between 1150 Summe un 1700.

The most significant part of The

Icelundie manuscripts consists of the drat written Laeeunts of the uncent feelandic magus. But there are also Testul and religious documents The Colonial Secretary, hardly less value. Mr Oliver Lyttelton, and

Among the manuscripts are General Sir Gerald Templer, the Sagit of Nial, the Saga of Commissioner in Elgi and the Orkneyinga Saga High Malaya, have agreed that They describe among other things there should

Hix-the legendary

of the Icelandic mariners all over the member elected majority

North Atlantic to Greenland and in the Federal Council,

parts of the American continent. when Malaya's elections are held the earliest prac- This part of the collection is ticable date in 1956," the outstanding and priceless. Colonial Oflice announced! today.

be

#

Voyages

Joint Possession?

The Danish Government re- cently suggested that the inanu- i scripts should be declared to be the joint possession of the twa countries and be housed in special building in Copenhagen. feeland's answer

WAB a

to this offer flat refusal, so abrupt in tond that Danish politicians have practically shelved the matter.

Buat of the lowest

The mover, Mr A. Cohen, of liford, protestol that it WIN a canpoalte resolution and

that

מן

Electric

30% 2015 1500

17 500 16.00

April 6

Singapore.

Spol Rubber

per ita New York:

Spot No 1 H

jer 1b Lindon:

Spol Na.

5044-63-4

027-03

2122

2234

1. sa

17-0710

(0-3/18

Telephone INDUSTRIALS

Cement STORES, ETC

21

LA DO

World No.

Mar

Dairy XD 24 10

25

4 Future

3.38

3.38

March, 1953 July 1935 COTTON

3.20

329

3.20

Watson

New York:

Mny

futures of

May,

Textile

34.24-25

34.17

34.63

34.01

raw

LOOM LARGER

Undoubtedly in

marke:: all affected there is an elem:n!

all the delegates who had with-low) all spot and future dealings per drawn their DWA branch mu-

in metals in both London and | SUGAR tions in its favour had insisted New York reflect the uncertain New York: that the word "immediate"

worl

East position at the Far The union's mate jai sources. should appear negoliators might be faced with difficulties, but members who could not afford to live On present wages were faced with worse difculties,

All but

dozen local influence but at the same 1055 of the Dho

time dialors move not ignwed | METALS detegates who spoke on the

the fact that it Genova falls to London: motion supported it. Many sug-

produce any satisfactory soiu- gested that there was a greater

the Korean and Indo- tion to spirit of militancy among the

the Chinese problems, the threat of than members

among

Americen Intervention in the union's leaders. There was Indo-China

whil war

100m general,

not though

openly

Järger. In no other place in the world

The Icelandic view is that it expressed, opinion that cni- is to be found such a complete was reasonable that the manu-

These deal: see the ployees

Co-operative

old race to stockpile cllection and exhaustive

be scripts should

held in socletics, where the union 18 manuscripts dating back to the

while the Copenhagen

two

should strike for higher eds which took plzer at the continued strung, Middle Ages.

which outset, and countries were united but that

pay as a first move.

until the end of the Korean wer. When the that an the link between them has

resolution was And while American stocks New York: Tho

IF explanation

passed, Mr W. Padley, the of rubber culture In the 12th now ceased, Iceland is automati- Icelandic

to General Templer anid in his

their return president, said that the execu- materials and 13th

cully entitled centuries was very without conditions.

live would do their best to increasing talks with the Sulton rulers, it

advanced, and owing to its

pursue energetically the polley cease-fire it is apparent could was agreed that "much

remate situation escaped

To this the Danes ralort that

laid down in it. be gained by creating a smoll

Tavages of the great wars and it has never, been customary for

intervention in Indo-China with majority of elected members."

bo the grave possibility of an over objects bought or acquired by

proposed by a union conference | tension of the war can only concluded that

State libraries and Universities if the Europe.

this year.

mean that there will be a r to be given back to the countries

newed demand for raw materials in the West and a possibility of. the loss of important sources of supply.

The decisions were revealed on the in the correspondence election between Mr Lyttelton and General Templer

"Wa

number

of ex-officio

ond

invasions which

swept

the

nominated seats is to be 48, the Iceland Broke Away of prita number of elected membor

should be 62, so that the new

Council 'would

members apart

Speaker," he said.

Mr Lyttelton

味 comprise

from

of the

The claim is the first lo

If such a rulo wore Introduced New York Foreign

it would, they claim,, cause

For many hundreds of years, chans all over the world, and

tho Iceland belonged to the joint many of the most Important Danish Norwegian monarchy, collections, such as those in the and emelals, British Museum and the Louvre, endorsed the Danish scientists proposal that elected members who were aware of the value of would be broken up.

on the manuscripts, asskluously, should be in a majority

them and the

Council collected new Logislative from the beginning,

them to Denmark.

Exchange

704-40

80-001 70%-70%

COTTONS

Corp

MISCELLANEOUS

Yaumati

50434.40

500 of 2435

200 241⁄2

1000

17.10

735

142 144

24.70

New York Cotton

Market

41 la

41074-411 40515-409

20094-32 20745- 200-20115

130-16

149.zon United Prema.

London Stock

Exchange

In Depression

in

London, Apr. 27,

Uncertainty over the situation continued to

Indo-China

depress pricca on the

stock market today.

London

Buyers held back pending the Churchill staitment in Commons on Indo-China.

British

government issues in particular were under pressure.

fell 15 Old Consols

shillings, and

12 War Loan

"Daltons" shillings six pence and others Ir

New York. Apr. 27. Favourable crop news dum-the

he group from 5 to 10 shillings. Olls dropped sharply with penect an rallying tendencies in cotton futures today after the Dutch down £1, Shell 3/0 and market reached a new high on Anglo-Iranian 3/9. the opening.

Declines among

Japanase

Gains of up to 80 cents a bale bonds ranged to £5 and 26.

old crop May were

con-United Press.

verted into a loss of 50 cents a

bale at the close,

The general list closed or 2 New York Sugar

to 14 points. The market opened up 5 points to off 5 points, New

12 to Orleans closed off points.

Copper:

Spot three- months

235-2305

2271-22794

Lead:

April

July

"B214-03 0134-9114

247-24714

23315-736%

01-05 9215-9294

Zinc:

Same

strategic

April

July

7534-791%

,

T:

Spot

784-735

760-702

three-

for

months

710-720

70215-733

Binc

and other strategic Lead:

April have been gradually tho

13.03

13.45

Koreab

May

13.0

Fin

that

April

04

98.25

May

06.23

Zinc:

Ex-

April

10.10

10.20

Max

10.07

10.20

Copper:

April

22.4

20.5

were:

20.35

29.4

Month

Volume

May

24,400

July

43,700

202.000

Oct.

9,200

260 лод

Dec.

6900

294,400

MAC,

4,900

Exchange

May

800

182,503 JBA,400

July

100

Oct.

1,000

Total

$0.000

Londen, Apr. 27,

New York

781-13/6-2011%

3.70-2.18

10.00-10.8855

May

London Foreign

In London the tin market has been violently erratic in recent weeks with prices moving within New York, Apr. 27.

a range of £100.over a period Closing Hales

to the of days. This is due ... $1.02

3.61-27/33 changing fortunes of the Indo-Montreal

China war and now reports of Amsterdam 2.81-13/14 ast 11/16 the refused demand by Ame:- Blocked Mark

Hamburg 223-11/11 can buyern in some sections 1 Drusel 251-10/10 the market because of the stable Copenhagen

Blockholm position at home,

Zurich

Oitiers In Pres.

Canada (dollar) England-unclai

unofficial 30-day futures.. po-day futuras,

Denmark (krone) Franco (franc) West Germany (deutsche

brought While the controversy hog aroused intenso national feeling in Iceland, it has hardly mirred Australlo (pound)

public New Zealand (pound) Danish Some of them were presented a ripple in "I believe that by making the Fedoral Legislature more direct to King Frederik III of Denmark, opinion, although it has proved South Africa (pound) ly responsible to the country who was also King of Norway a boon for Danish caricaturists Belgium (frane

the

Introduction and Island and who is knows who have been able to depict a whole, of an elector majority in the in Danish history for his high the protagonists wearing ancient Council will mimulite the cultural interests. He took Icelandic warb.

interest In the Icelandic growth of an effective party great

and

The main opposition " to the system which, as experience has manuscripts shown, is essential to the success | welcomed them as

gifts and Icelandic demand has come from of Parliamentary Democracy, placod them In the Royal learned circles who 'argun that wedom at kronie) ho zald

| Library. He was confident that a legis

Maki Endla Kruper) During the last war, while inue to be stulted by Jorge, pakistan (Trupeo) Jaturo, so constituted would still

abundant mossuro Denmark was under Naal oo-numbers of sludeia but the Tonkong (dolin) benant in

broke away they would be less- sccessible if Indonesia from the experience and coun-cupation, Teeland

therefore

(mark) - ******** Holland (guilder). italy-omteini............. Norway (krong) Portugal (Erebido)

pain (Deneta)

as long as the menusaripts dra | Awitzerland-free In Copenhagen, they will cont

sel of ita nominated members and declared her independence transferred to Iceland China

China. Mall Special.

of the mother country,

Mail Special.

(rupiah) Binapore (miraits doll JADAN

-91904

mupply

.0028

238%

Sin

.1509

the Indo-China situation natural comidering that two- thirds of the world output is; concentrated in the Far East.

The sensitivity of the London

markets to any change

Im

200 yen -United. Press.

** GREATLY INCREASED

11-17/18-11-15/18

11.7511-11.78IL 140.77110-140.30 13414-12.243

21

Trading volumes and open interests in the Exchange today Open Interest

177,006

p2,000

Market

New York, Apr. 27.

futures World No. 4 sugar today closed unchanged to

3

points higher with sales of 254 contracts.

Domestic No. 6 sugar futures closed unchanged to one point lower with sales of 98

tracts.

con-

World contract reflected trade 1837,500 balce buying and covering while

|--United Press.

NEW YORK PRICES

Spot

May

July

12 2012-18,2015

Weld

October

March

May

July

Golober

unchanged.United December

London Silver

Prices

London. Apr. 37,

Renowo Western buying of The price of silver today was "rubber on a large scale is also fixed at 70% pence per aid the subject of "imuch speculation gunen for spot, and 78% ponen "'in Far Exstern markată and gun-) for forward. / Arsine 78% and doubtedly the crims-in) thì row) 9846 rospectively. United materisi prices in recent weeks | Press;

New York, Apr. 17.

Closing Prices Apr. 26 Apr. 27

21.425 24.63 31.53-54 34.40 3433-SE 34.01 3.87. 33317 30.01.

dealers awalted further Indo- China developments,

Domestic

contracts moved regularly on

a routine professional trade.

Future closings were:

Contract No. 4 (world)

MAY

July

34.00 1.96

Bept

04.01 12.03

Det,

33.700 33.60h

Jon.

32.82 2.30+44

Маг

-United Frem..

May

July

Spot-fcopis per ib, tol Culo)

"Open Interest: 1,320 ensitracte.

Contruct No. € .

יין,

Exchange Rates

*Burine was done in the..locat My markot this July unomor #ketiano

Sept. morning of the following rates:

10976. Mar. dollar (per $1)

Sterling note (per 61) •

stonesian rupiah dan (her -150) 2100 Epo-cente per 3b. tf NY Slim Bosire 100)

Singapore (stralia) Indo-China plastres

per 100)

Open Mintér United Pres

5.70

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