THE CHINA MAIL, TUESDAY, MAY 4, 1954,
her
cene from Intrigue is set aside and love lakes over for Ginger Rugers in this
she co-stars with her own first Belilah film, aptly named Beautiful Stranger', in which husband, Jacques Bergerac. The Marksman Film, story of love and intrigue on the French Riviera.
produced br David Milter at Shepperton Sardios, Middlesex.-Reuterphoto.
Just Where Japan
Japan has entered her third
Is
Heading?
Tokyo, May 3.
year of post-occupation
independence, with her military defeat past history and a new armed force being created,
Much has been recovered from the ruins of 1915, but economic Many domestic changes have taken place since the difficulties remain. San Francisco Peace Treaty came into effect two years ago.
The Korean war and re-armament have coloured the economic and political thinking of the Governmen and people, and changed Japan's place in the world.
Tae Gaernment da
towat is country
led the THE The oretinakom - sponsored the nation sl
23 | pestud on what
rentunees wor
sub
wate-pre Japasi
allef with these. We test nat on
W1
ווי
the fought
W. N
Tad store. Naten.1
Pober
W ནཀྑུ ས॰)ཝཾ༥ ཝཱ! during the Korean war, trames.
the America Occupatio
In the place today. there a National De Fence Foche with 110 000 mes
11
people
states that diet: tership
The most the Japanese
abunde war end war potential | music NJUGATE AH never be maintained."
Je, the admometralive Held, the | Iperes
ment led by Mr Shigetu
weakened
establishing a
enurised Governm
Is it plan t abolish Bcally-controlled police
elblashed
turing the the Opponents t plan say that such a 100 would Callapaitions- put too much many
power into the drste hunds of the Prime Minister and reforms
Police the
Minister-power which an unscrupulous Minister could use to his own ends.
431
a despreord oppos fein trom the parsa anak general publie.
The Government has given
spaval 1.. the
re-
p talishinent of the long pre-war
bi biz sokkan, field basiness
Gloomy Picture
Japanese themselves enter their third year of post-war in-
ghans and walomat r weapons - 2b" It intends to plueri hef The National PNE:
the itary's police dependence facing a gloomy pic. Price ha tanks and ant ran the hands of a Pilee ture of inflation, Kun ent
Rezerve. The Natuma kleure
part op me
t hav
The G verniment hoques to have
TRADE and COMMERCE SECTION
Now, They Say, It's Not A “Turning Point”
US Economy May Have Moved On To A "Plateau"
New York. May 3.
Improved steel prospects, favourable earnings and dividend reports by leading American cer porations, commerlity bullishness, along with a resurgence of official confidence in the economic future. set the pattern for US business last week. While the stock market behaviour last week has been indecisive, commodities surged ahead. under Indo-Chinn war fears.
In
Commodities responded to Far East pressures. Monday's tradings, for instance, there were strong move. menta in rubbers, collon, metals, wool, sugar, coffee and some soybeans contracts moved their permissible Imita. The Dow-Jones,tures indexistronger, and warehouse demand. for the day Jumped 270 to which had been "fint on 170.74. This was the greate bark." has picked up noticeably. single session spurt ever three years, Sjøst commodities finest! higher by 21 prints to 1915,
for the Deal udvazce Feltuary
*11
Meanwhile, other segments of the American economy reported a park-up in orders last me man. Josinal surves 2 Wall Street
1201
Stergeiserally consideret the modes that while the trend was key to unl preku tained bullet je nepal's cata
t by M: 14 optimistic lose Jamm F. Fanies, Cha enote a the US Sied desperat bdsholderen, daa haw stalo tes
general, a growing number nufacturers of 다 large enriety of gooria reported W andet imiprovement. The Nat vi Astiation of Purchasing H
14
that
with the
រូ
cum-
11 pro-
is noted that for the rennu mumth in succession, ครort ir punes reported
und incoming ordera
It sund 43 per than deelines. real
volders experienced new Rus, while 33 per cent reparted production gains.
several mili and prideduction
would range between 29 19 25 per cent -f cately in the speak quarter.
US S'esgrounforg [
31
att
Meanwhile, major Amer can Dr cent of the industry-wid
corporations continue to publish of 124,000,000 caputly
their first quarter earnings re- year snow portaling at 70 per
ports. ent of its red capacity
Apell steel
buying has im-
Many showed that sales have March, and there
dropped proved over
more than profits, re- appears to be a gewing enve- five Ling
mare liberalised tax Lion that the Jong-awaited indepreciation
tax ventory carrerlam" has reached situation.
selcolive Certain
favourable its end and that new orders will stocks,
showing dividend and cornings positions, pick up from now.
Farm exmoment makers are mtinue to attract investor ut-
wow, com tuctiontention.
attribute the Many more active and : Industry steel require- and
seven-month long stock market continued ments optimistic recast by Mr Fur- less at this time generally im- parted a strong tone to prevali- ing steel siniment.
strong. and bour to Investor condence although some market analysis the market might caution that be due for a correction.
STRONGER TONE
Meanwhile, business lenders to this theory attending the convention of the Some support
Chumber steins from the behaviour of US
of Commerce 2 of scrap prices, which in the past Washington heard the assurance have frequently reflected the that business was actually im- trend in steel. The steel scrap proving. Assistant Secretary of composite price as compiled by Commerce, Mr Lethair Tee or, Iron
instal
working add the nation was just abou publication, moved higher to 50 redy for another businesi ad- cents ion to $26.17 test week.vance.
The Magazine said the tune of
Just werk market
industries
ister to be ungunted by the depression and the Pune Murter. It has deprivedl muss unemployment. civil servants and employees in "escent
the Japan
3
business threat
15
الله
Economie
250 000 men under arms with n right to strike, and has plans for American military five years, plus a naval force of] restricting 153 000 Une at an air force of 1,300 planes including Jes
ไป
Ainerwa military
orders during the Korean war,
supply Japan's
tro
exponding
forces.
Government
fardities ta own "defence,"
leaders
and
gel tem are reusing revis on
for
445~
the
W
Thailand's Rice
Prices
TWO TO FIVE YEARS
Government official. Another Mr A. L. Mills, of the Federal Reserve Board, noted "Increasing evidence" of business improve ment. Two private economists, however, disagreed as to when the pick-up might sot in. Mr
Hondley Walter E.
the Armstrong Cork Co., said the would face American economy
Coloured
Umbrellas
For Men
Duesseldorf, May 3. German timbretta málasta- facturers src trying to tempt men with caloured
umbrellas.
Besides the traditional black there will be fresh, brówne, blute, greens and theck patterns.
even
Manufacturers are plan- ning a propaganda cam- paign, for which they hope to enlist film stars, to make German
their men drop usual reluctance to be scen with an umbrella,.........China Mati Special.
HONGKONG STOCK EXCHANGE
(From Our Correspondent)
Bus ness en the Stk Ex change this mining matter) To $PAN 288 30. Non apa fut, is and the morning's dealings
SILARPS BUYERS SELLERS SALES
BANKS
HK Bank Kasi Aan
INSURANCES
**2110021 Lombard
DOCKS,
Dock
Provstep1
ا السلام
Employees' Earnings Up 201p.c.
On 1938 In Britain
London, May 3.
Average earnings of employees in manufac- turing industries and some of the principal non-manufacturing industries in October last year were higher than ever before.
For
Statistics
in £7 2 11⁄2d for men, L4 G 40 published the Ministry of Labour for boys und £4 12 114d for Gazette last week show that women and giris.
Coal Mining a
inen the men earned an average of averago earnings in the week £9 9s 2d a week and women ended Oct. 17, 1958, were £12
The value of allow £5 28 5d. The average for 11 2d.
ances in kind was 10s Bd. all workers was £8 Os 1d.
Dock Labour: Average earn-
The Agures cover nearly 6% nga for nil classes of dock inillion workers. Earnings for
that
workers were £11 0s id. all workers showed an increase The
Gazette shows of 201 per cent compared with
2,703,000 workers recurved pay 1938 the last date for which increase in the
Ogures are available. The index
10
*sl two
£610,300 week. Therm
of weekly earnings (April, 1947 months of this year, mounting
100) was 153 in October last your.
PAY RATES UP 37 P.C. Average pay rates, as distinct freva carnings, rose by 37 en lafween April, 1947.
tober last year. Details of dempings are;
Wkly, ennibyts
per und
1' e. fner.
in a Average hours worked
in October last year, as week compared with 1938, wert:
were 341 disputes involving 85,900 workers anul cmising il loss of 200,000 working days,
Average tours Average hurt worked in the worked in the last pay week of Del., 1993
in Chri, 1933
IGUA # ገባ
20 1860
since Det, IR3B
Nicht
2
Koncen
215
Be
£3 4 11
231
56 2
VI
workers
ETC.
Ware k
10.60
1,000 ₫ 10.37
12 10
500 12
17.03 2000+ TAL
Jun T LOON
Thy
Mi 715
Mrt
|| .: พ
Wh
BAS
1000 5.
Carls
All work
100 130 100.00
3421 3014
35
11 Land
(1 00
1
JAPAN
16.20
000 + 2 4060 a 100
300 or 18 20 དཉ, ་་ ;, 10000
1,60
1000 1
LAND ETC HK Hotel
8.70 4.00
UK Land XH 3015 001; 1800
rts
27.30 27.30
127 130 13.70 10.00
35.20
500 @ 21.30 000 # 17.50
200 4 16.80 500 G 10.00
Really
UTILITIES
...
Star FUTTY
Light O XD
1000 15.20
C. Light (N)
XD
Electric
IRRO 13 1000
..... 301⁄2 30
600
400
10
30%
73 6 301
INDUSTRIALS
Coment
STORES, ETC.
Dairy Warson
17.70
....21.40 24.00 17.10
L. Crawford COTTONS
Textiles MISCELLANEOUS
Yangtze Youmati
יד
400 175
BOD 24'S
47.0
440
42.0
428
48.2
NEW YORK STOCK
MARKET
"
New York, Mny 3. Strength in ralla bolstered Ingging stock market today.
poln or Gains ranging to n
in several leading rails lift
lagt pay weeked the group to its best levels since last August, while proill- of Cell. 1138
taking in recently strong indus trials indled the rise in that
46.2
43.0
44.0
$0.0
OTHER INDUSTRIES
For industries not covered by which Is the Ministry survey,
six months, the macie every following details are given:
Agriculture: Average weekly period April, earnings in the 1953, to September, 1953, were
New
York Cotton] Market
New York, May 5. Cotton futures trading today went through another slow and featureless session-the third in
a row.
After see-sawing within a ten- point range, the list closed up 2 to off points. Opening prices New were up 1 to 2 points. 1 to Orleans closed up
of o
20 140
were:
and open
Volume Open interest
300 7.30 poima..
Trading
8.20
147 148
volumes interests in the Exchange today
100 446
100 140
100 09
145
Month
100 LAT
May
$1,700 160,490
300
147
July
10,100 680,900
Inv. 1.00
Oel
3.800
241,500
Drs.
1,500
0,200
Mar.
0,200 150,000
May
3,400
107.900
DOO 10,400
Oct.
Total
that experts say
0912
valuable orders เย other nallens because dicalic the political
inflation
and high production fsel sol touchers. Livities
goods too CX- Many Japatie
e fear that Mr esta inake her
pensive. layust War industries, re-established Yoshida
the ground-
Crilles say that an "austerity" work
the highly- f meet
budget drafted by Mr Yoshida's centralised pre-war form of
Government to curb inflation In government in Japan. Critics
the 1054-55 fiscal year should say that if mihitefarts or other
have been applied long ago. The Govern- extremists enter
Now it is feared that instead of ment, they will and a ready-
decreasing domestic prices and made Instrument for controlling
thus Increasing the export trade. Mr Yoshida's
budget will create further inflation, aggravated by shortages of consumer goods and market speculators.
the Opposition members in
declare that the Government, and Japan's Industrial tendera, should have lower the price of expert rler general used profits made during the
to 15 lowest level since World and the beginning of Korcan war boom to put the War 11, commercial sources suidboom.
Singapore, Muy 3. country's economy
today if rice on n sour
exports continue
The Chairman of the Board of to dwindle at the present rate.
After steady opening the Federal ot the Government
stood aside while
The export of rleg front Governors
Syslem, Resave
Mr William market cased off a bit. Future money was spent on building
Tholland is now at its lowest Martin Jr., told
alosings were:- a press con- buildings and
level in Ave
No, I rubber per lh. May 432-03% years with gloomy cabarets, luxury
Juno 03-037 ference that he was "cautiously on importing costly motorcara,
July 033-64 refrigerators and other consumer national sales in the coming
61+01% | New York months, the sources said. goods.
Russia Plans A Big
Assault On
Siberian Wastelands
Diet (Parilament)
The gigantic assault on the virgin soil and fog. Instead, they say, the wastelands of the remote areas of the Sovietmon Union, ordered by Moscow only a few weeks ago, is now fairly under way. And the way the Soviet Press is treating it is an unusually clear reflection of the change in the Russian atmosphere which months has been increasingly visible for some past.
May Fall Lower
Bangkok, May 3. Thailand may
be forced
its test in the next two to five years, and that any recovery in the next few months should not as the end of 0 1n be accepted
post-war adjustment A new
prospects of even lower in optimistic" about the business
was
Allied
Singapore Rubber
Market
+
"
future, and that the groundwork No. 2-rubber per ib. May, 53-621
No. 3 Fa sustained No. 4 being laid for
Spot rubber unbaled 02-34.
50-69 Blanket crepe the No. 1 pale crephites Preas.
30-71
It was reported that Vietnam recently signed a contract for prosperity.
Elsewhere the sale of rice to South Africa
The operation calls for the!
y no opere volves prot Discharging Workers in Thailand but in other rico utviser, Mr Arthur F. Burna, also Immediate ploughing-up anding something Uke 100,000 metar sowing with grain of 32,000,000 | drivers, with machinery V The shipbuilding industry ilke neres, mainly in Soviet Central match, and setting them down many others in Japan before the Asia and Biberla-rather more in the wilderness.
war, thrived because of low pre- than the total acreage under
The Freys reports read like duellen cots. Today, the in- crops in England, Scotland, and chapters from a Soviet novel industry can only compete with Wrics,
the almost-forgotten days of Britain and West Germany by hope and creative vitality, selling at prices below the cost How it will all end remains to of production, or by extending But it is worth re-long term credits. The industry cording that behind the glamour itself cannot even pay interest and the bustle there is an in- on bank kans without Govern- teresting political development. ment assistance.
Tens of thousanda of young recruits from the Comsomol, the Young Communist League, be seen. are converging on the steppes of Central Adin, where the only hurman dwellings have been the bisek tents of nomads.
And instead of printing ond less statistics and figures about machines anti
22.10-20
32,30
23.0
23.Jb
29.20b
223.201
Press,
300 10,400
group.
Activity fell
Turnover
compared Friday,
of
off appreciably. sharea 1,070 000
on
with 2,463,000
of special A large group
either widely moved IsЯurg way, many of them influenced by earnings announcementa
Dakota uties, Montana
helped by a good earnings state- ment, rose to 5211% in the utilities.
American Viscose fell a point in active trading as the com pany reported lower earnings.
541 Of 1,183 1ssues traded,
357 higher, 287 wore lower; unchanged, with BB new highs set, 41 new lows.
The NY Block Exchange bond volume was $3,051,000, and the Stock Exchange American volume was 540,000 shares.
Dow Jones closing
were:
30 industrials 20 als 15 utiles
03 stocks
40 bonda
averages
310.00
105,03
110.52
100.73
United Press.
New York Sugar
World
Market
New York, May 3,
No. 4 sugar futurca closed today 3 points tower to
40,000 1,024,200 bales one point higher with sales of.
United Press.
London Foreign Exchange
Montreal Amsterdams
Hamburg
Lion
Dain
1
Paris
Stockholm
London. May 3.
2015-232 3.771-278 10.001-10.0831 11.79-21.784L 1950-190.00
20.01-20.9175 06015-0863
264 contracts,
Domestic No. O sugar futures closed 1 to 2 points lower with sales of 13 contracts.
World sugar futures
quiet
ruled
while traders awaited the International Sugar Council meeting on May 5 for a possible cut In world
export suger quotas.
Domestic futuros essed light liquidation.
Future closings:
18.8714-14573% | July unlimited Pres.
NEW YORK EXCHANGE
New York, May 3
2.76-2.78
Contract No. 4 (world)
September
October
January March
May July
on
Spot (cents per lb. fob Cuba) 3.36
Open interest: 5,228-contracia.
Contract No. 6
2044
2117
July unchanged-United September
November
5,736
6.700
5.701
March....
5.63))
Spol
(cents per lb. ox-duty)
NY
3,08
LONDON METAL PRICES
Öpen...inlerast: 5,200 contracts,—–—–
United Press.
Today, Japanese businessmen and themselves compelling in a world market with more sellers
Inst week,
Mr than buyers, and at prices often at a vantly reduced price which Secretary of the Treasury,
NEW YORK MARKET 10 to 20 per
may have the effect of further George M. cent above world
and Humphrey,
New York, May 3, price levels.
depressing rice prices not only President Eisenhower's economic
Rubber futures eloted today 40 to 75 points lower with sales surplus areas in Asia,
gave assurance that the economy
of 100 contracts. The sources estimated that unappeared to be stabilising.
Weakness reflected the sharp Canada to the end of April Thailand
other commodity England-unofficial downturn in
30-day futures exported a total of 325,000 tons The authoritative monthly markets plus the lower trend of 1 D0-day futures 201 compared with 442,000 tons for review issued by the Guaranty the primary markets,
Holland the comparable period frum Trust Company, while noting Dullness prevalled in the Spot Switzerland January April 133. Exporis
rin certain indications of a business market with No. 1 Rss quoted diawer for corresponding perluds
Vas chuilous at 224 cents a pound. Future Press. Improvement, other years were: 1952, 470,000 about the fulige emphasising
closings: 000,000 tons; 1051,
tans; and
that the second quarter perfor May 1950, 500,000 tons.
mance should clarify the outlook July There appear to be no pres-mon
business Sept. considerably. Recent pecle at present for new sales statistics
Dee. show that appos: to
Mar. contracts for Government rice, the sources added. It is hoped, business is lending to stabilise, May
sald. Rates of decline. in some however, that formerly full
'London, May 3. stocks of rice in importing coun-segments of the economy appear
The tubber market, was quiet by the new Statement subaidies, are discharging tries shall become deploled later to be leveiling off, it added.
this year,
It observed: "But while the after a sharp decline; No. 1 Ils Importing countries will
can properly spot was down 14 penny to 10% business picture nevertheless bide their time be-
No. X. Howpot ... fore buying more rice and will be characterised as more favour pence per lb. Prices;
able than it was a few months), Seitisment House term? be looking for lower prices ago, there is no bails as yet for tune which, in turn, will mean
expectation of an July/Sept.
Oct./Dec. a confident heightened competition for rice mediate sharp upturn. Signs and Mar. salce between
tice
exporting of actual revival are still scat- Apr/June
* Generalˇinárkets, cíl basis, purlaí counteles, the sources observed fred, sesling that the situa
tall-13 MAY United Press.
tion at which we have arrived!
18-9/16-16-11/10 may mote appropriately, bo July
Unisa. PrezL' that A turn
Mespuren of segregate business
Hardship Money
The shipbuilding,
shipping, coal and steel industries, facing a bad business year as a result These 32 million acres aro to of "austerity" cuta in Govern- stereotype Invocations of the be farmed.
materials, with
measures,
servants aro
party spirit, the propagandista farms apt up where no collcclive workers.
Civil
niso are concentrating on the spirit has ever existed. The members' of adventure.
of the farms will be State threatened
with "austerlly" The difference between the employees.
The Communists and extreme treatment, of this operation and At first they will have pro- the treatment, under Stalin, of ferential, treatment a kind of right-wing ultra-sationalists are
But in due ex Japan's economic
to take advantage the great irrigation and hydro-hardship manoy.
fig to electric projects, is as striking curso, according
to plan, they of. as the difference between the will be settled into organised further their own ends..
themselves. Under the townships which bear on paper
The
who dis- Commmlais, the credited themselves with the plan to transform naturo, a close resemblance to
distant futur;
and
Market
all the emphasis was on long-notorious grotowns which majority of Japanes by looding term work for a more or less Khachev tried to force on the a series of violent attacks og Singapore Stock
this assault on unwilling Russian poosants some pallto and foreignora in 1961 the
virgin land is a rip-roaring your ago, in an attempt to early 1062 have been slowly attempt to
to exploit the stored-up tighten the regimentation of the recovering lost ground. Member Korility
at the ages and got VÜLSKOTS
ship has risen from 43,300, in quick results, cost what it may, For the time being the young Merch 1962 to about 10.000 today, to relieve
the threatening pioneers are being treated like Scores of ultra-nationallet shortage of drain.
nerous. If their pioneering ganiations which were under Imposing plans have been offer rucpced, and
during the Occupation the-new ground drawn up for model settlements, colonisation is established, they have kertberged 53. and but to attempt is being made may and one day, that log, are - anialgamating, in an attempt to to hide how rough conditions | the first reparation koygard to bagni with?"
species of stato, surfa,
are
it
on t
June
LONDON
Activew have fuctuated within Exchange Bingapore, May. 3. | narrow limite recently, in Fonk stock trading in the Singa trast to the Riney, décline kin pore share market last woak the latter part of 1958, wiväred üridertainly as busidues. cireless speculated about the outcome of the Indoi Chip
and the, hatt-West AllaAVAK muvert, on 18.
London, May 3, and other malal Thơ An markets were all steady today. Erices in sterling per long ton
Duyers Sellers.
24916
were as follows:-
· 3-month-
104-107.
Tin spot 10-141 10-15 Copper pot
B-ight 10k-19}) | Land pay. 1996-1944
Zinc May
August
Rates
August
די
CHICAGO GRAIN
PRICES
Chicago, May Prices per bushel in cents; Whenly No. 2, red Bpot July
DIG
Closing Prices
20012(FL) 20815,(2)
at Sept.
Corn, No. 2, yellow,
Bpot
20:36
May
Urieved. Prese:
July
Bapt
Dee,
NEW YORK FÜTURES.”.
Chum New York, May, 3.
The prices of metal futures. Jul closed today in US cents per 16: Sbyt
the local | Laud May
תוני
Couper, May
13.185
Jan Barley
@pot
New York: Hour,
$14.50
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