1954-05-13 — Page 9

Page

THE CHINA MAIL, THURSDAY, MAY 13, 1954,

ROYALTY AT A FLOWER AUCTION

COMMERCE SECTION

King Ferserle and Queen Ingrid. with Queen Juliana of the Netherlands behind, seen when they attended a Hower Auction at Aalsmeet, near Amsterdam, during a tour of Hol- land's bulb disirtet before relu ruhig bone at the end of a three-day State visit to the Nether.

landa Express Photo

It's The Talk_Of_The_Red Army !

MOSCOW FROWNED

ON THIS

DOUBLE MARRIAGE

Moscow, May 12.

The double wedding in Unit "N" of the Red Army brought joy to the Physical Training instructors but never a smile from the brides and grooms.

TRADE and

AUSTRIA'S AMAZING

SINCE 1952

Result Of Good Luck

And Sound

Financial Principles

Vienna, May 11,

The amazing economic recovery, made by Austria in the last two years has been called "the miracle of Austria."

In 1961, the situation appeared desperate. A series of "wage-price" agreements seemed to be leading the country into the vicious circle of in- dation. The Balance of Trade was hopelessly in deficit. The schilling, the Austrian currency, was unstable. Foreign exchange was lacking.

The cost of living was rising rapidly. The pewsi- mists were talking glumly of Australia as “unviable”—the word they have coined for "not able to exist on its own

resources.

During the first year

the Union purposes 1.5 a structural Haub Schwert Government, ex- debtor and had received special Increase: เม 10,800 vid. By the end of 1953, aliu mution chillings

1052 to was made เก

full member and 13.200 million in 1953

Jim. become

substantial

The Austrian balance with creditor. the Europian Payments Union increased f.om umur 10,500,000 dollars to plus 100,500,000,

Savings deposits. neroased from

Sixpenny

Net Did The Trick

Salford, Lancashire,

May 12.

A 31-year-old metallut- gist waded in tho Klver Irwell here

fished cut

3

today and

radioactive ryBuder with a sixpenny (ishing ne

The cylinder was stolen from 龌 factory here on Bunday and dumped in the river. The Arm's twa radiologists had falted lo recover 11 with _ ixrtn»! long pincers.—China Mail Special.

RECOVERY

Earns Elm. Foreign Currency A Day

UK Motor Industry's

Big Role

In The Export Drive

Britain's motor industry carns overseas ex- change for the country at the astonishing rate of more than £1 million every working day, the new President of the Society of Motor Manufacturers and Traders, Mr A. B. Waring, said in London last week.

HONGKONG said: "As I take up my duties, the motor industry

STOCK EXCHANGE

Speaking on the occasion of his election, he

has a heartening tale to tell. Recent news has been of record output and rising exports.

(The Society announced, many other industrial and com- in London in the previous meretul appointments and oicos. The two Vice-Presidents aro werk that one new car came Mr R. F. Hanks (Vice-Chairman off the nation's production of the Nufleld Organisation and lines every 11 seconds of (From Our Correspondent) the working period.

Business

Ex rate of car output in March The Stock change this morning amounted | dwarfed all previous month. to $310,057.70, Noon quotationsly figures with an average

East Ama

Union

on

the morning's dealing-- The Balance of

had SHARES DUYERS SELLERS Trade

BANKS berome lavourable.

From {}

HK Bank Austria monthly decfit averaging 137,- 12.985 (illion 900,000 schillings las 1951, and 1,100,000,000 schillings in 1052. ach Hangs in January 1053 17.99 Tullion in January 1954. The Rob and foreign exchange monthly surplus of 24,000,000 hangs of

chillings up to The batonund bank

schill August 1953. were then 7,348,900,000 Asus conpare a wall 2,239,200, - 000 when the Government toolt

Unl 1952 Austria had been tr. atest for Funspean Payments

it had changed To ma average

the

end

It was all arranged by the officers, a marriage of convenience so that Unit "N" could enter a team of wives in the district sports tourney. The Red Army is agog with the story. There has never been any story like it in the Army's newspaper, "Red Star."

Now, with the championships over, the two unhappy couples are wondering Singapore Rubberd in 1954 it is estimated

how to untangle their "temporary" marriages,

The double wedding, plained | Nikolai R and Nikoluj G, sauft- only to bring sporting honoura ed from one feast to the other

Which one are you

guing

to poorly asked one f The

To Cont N". terk placa I Arabarrossament med looked ; pergeants of his compurie July 1963.

Iti

a registry office | quesuoningly en the unit comp. This is the Radushkevich, story, as old by "Red Star"

The young people who had come to register their marri-

age did not comport themselves

married Young

couples

{04

nually du

Were

******* bride

two students of the oval physical Training Technicum -Sollo X onet Vero

who glanced nervously in all directions and expressed no joy or excileinent at the thought of their forth- coming innsried 10.

Office:

شاالله

at the

who had companied them as sparson, or

as natchmaker possibly us

"Before the marriages of the

The one they order me to. of course, onawered the groom with o vagie gesture

"A few files later. the mariages of the young people young couples were registered. | hari been registered, und Vora

Leeuane markonus

touk TOTA CELUJAD

of Sergeant place such as has never before i Nikola G, Sofia of Sergeant been her at a wedding

"All The Same"

"Which sergeant. going 10

marry?!! Vera to her companion,

'It is all the same replied Sofa,

ויh

to me,"

Nikolai It.

དྭི ཐཱལ ༣ × 1 བྷཏྭཱ ཕྱི ཏཱ

the wife

*

Market

Singapore, May 12. After steady quiet opening the market became very strady on the Itulo-Cluna satuation with sume sellers served and some profit-taking at higher Future closings: No. 1 rubber per

May

June

July

bret Na 2 rubber

rabber pa

The Mos

1 May

$1

levels.

had

Provident 10 Shai Dock Wheelogk

LAND, ETC #K Hotel

UK 1.and

921 Land fenity UTILITIES

SALKA Of

1650

14

The

14.700

In week. March, 3-4,100 cars went to

the high- overseas buyers.

month test figure for any

since January 1962].

Mr Waring sakt: "Just over hot

substantial

1005

170

INSURANCES

043

BGL

ABD

поска, вте

af

K. Wharl Dock

20

10.10

700 [ 730 7 40 380 ..

4 35

12

735

500

700814

ILLA

3770014 32, 33

1.00

2014071%

440 ve 321.

2 2 U3

2020

100

20

4000

20.10

Star Ferry

130

Light (ti

XI

14.00

14 00

200

Lunt (8) XD

11 90

490

1000

Electric

20 00 29 DO

SOLID ACHIEVEMENTS

"Ma: shall Aid" which average i 240,000,000 dollars for the first three yours, deomped in 120,000,000 dollars in the fourth, 35,000,000 dollars in the

thut 20,000,000 dollars wit suffler t

the dollar deßleit. Ve

Cost Finally, the

of living index, which rose curing 1951 from 522 to 7068 (1845———100), during 1952 mine steady and by Soplember 1853 had fallen to 652.0.

Tratti

production

our very (21

oversyas

motor vehicles Nothing could be more expressive of the value of

our industry in improving the country's eronomy and Ita vigour in meeting the keenest competition from foreign com- petitors,

"Within the Keneral rising trend of export it is clear that British small cars 15 3727

are meeting

Macão Eletre

XD

10,70 INDUSTRIALS

Coment

10.00 STONES, ETC.

Dairy

...... 23.30

714

These are sold and impres sive achievements which

prove conclusively that a great econo st-ai1⁄2 jinic advance has bren made. 01-01

COTTONS But they are not the result of| CD-60% sugar

Well, that's that. Rados-

D-81 exclaimed Joy fully.

34.37 Manket m

Unlied Press rubbhung his hands. Once more yout

NEW YORK MARKET onler reigns whispered

supreme FIL

New York, May 12. team!

Rubber Dargomyzhsky "Singing

tures today closed shrugging her | romanee called We

35 to 45 nls higher with sales Were

of 93 contracts. The bridegrooms two shoulders, It seems they are Married But Not in a Church, Sergeants from the N Un both called Nikolaj,"

officer went out poned by the newly-wed- und Said You, comrade sergeants, return to your company, Auct you two girls return

A Young Woman

With A Mission

Damascus, Syria, May 12.

A 25-year-old, blonde Syrian girl wrote busily on a narrow pad of paper and someone introduced her as the youngest member on the staff of “Alef Ba"

the oldest newspaper in Damascus.

She is the columnist of the newspaper, and is responsible for Column One on page three every

day.

The

column 1s called, in The proposal in a way is re- Arobic, "Ahlam Benefscelah" vclutionary. The Syrian Con- (The Violet's Dream). Asked stitution

stipulates that birth why she chose the name, the control shall not be exercised, columnist replied:

"Beause it

or permitted in the country. rounds nice"

unel

She ships the column, simply provocatively, "A Female". Her friends call her Dorothy

"The

Thompson

ot reul m and she la

Middle East. Her

16 Shankha Omari,

At Syrian airports and har bours, there is a rigid customs the import of prohibition on all kinds of birth control alda and devices,

The

also sounds from Miss

today perhaps the only woman strange coming

the

Stadium Remember," he astrad for their benefit,

11 only a matter of days to the Competition.

The sergeants

went off their unit without a glance at their wives, while the ins quickly ran off to the stadiumi. "Bed Sta

ጉ

arted

any "miracle". They came about largely as the result of

| application of well-known and principles uf Antice, be roupled. It must admitted, with an element of good luck.

The recovery resulted from the drm application or tradi-

o khodox remedies.

BANK RATE RAISED

Bank Hate First, the increased from four and o

Higher primary markets andtional and indications of a revival of tac- tory command

to bulatur both the terminal and outside a murke ta,

Werertainties

Indo-China sualion and the higher trend of securities and other

markets helped the modily

undertone.

ar

com-

10

by

whe

Textile Corp. MISCELLANEOUS

Yangtze Yaumati

1000 -

14 70 tho demands of what is

-

16 70 well evidenced in the highly 110

6628 68 Competitive

-100 m 29.80

and

rested centres

Director of the British Motor Corporation) who succeeds Mr Waring, d Dr F. Llewellyn

Smith (Director of Rolls-Royer Ltd. and Chief Executive of the Motor Cur Division) who continuing in that office for a third your

边

Major-General J. S. Crawford (Director of Guy Motors Ltd.) WIS re-elected for A further term of fee as Treasurer of the Society,

NEW YORK

STOCK

MARKET

New York, May 12.

11.60quired of a small ear and this The New York stock trame-con-market made up yesterday's of Western losses today in an advance which lifted many indivi- figures for Jan-dual stocks 2 points or more uary and February which have Including

recently avaliable, backward groups.

100 20.78 Europe.

200 29.80

100 23 10

The lat:st

Just been Inade reveal that cars of

up to

Advanced

450 23 30 litre enpacity have

their

sales on the Continent by 1,300 a month when compared companies with the corresponding period missiles, of last year, and ears above this capacity periencing a corresponding

143 144 100 144

London Foreign

Exchange

New York Montreal Amsterdam Blockert Mark

hulf Hamburg

drastic

i to six per cent,

Sund, there was restriction of credit

agich men between the Government, The National Book and the com- mercial banks. This forced The banka to increase their liquidity. As a result confidence in the schilling was restored, the black Ceremony,

CK market in foreign exchange dia- reported, was the

cent a pound apptared, sequel to a

and the fight from strange conversation between

the currency, which had led the officers of Unit "N".

the purchase of goods irrespec- Live of need o

The

put No. 1 Has were quoted at 21%

paul. cents

July Standard sold in the forenoon at 212 cents a pound, delivered

it til kams,

sellers holding for more. Feture prices:

July

The district sports champion - ships were approaching, und the rules

laid

down phatically that each unit whos bound to enter a women's team, composed of the soldiers' female dependants.

6th-

Sept Leec March May July

Not One Woman It soon became clear What Unit "N", try as it would, was unable to enlist a single woman

contestant,

1

The sports Judges would bur any woman not related to Foldier, so officer Radashkevich hit on the marriage plan. The proposal

| Jocal physical training techini-

was close to the camp. sum Shancha, who is one of seven

The two best giri athletes there of a children

not

very rich

were Sofa K and Vera I. To But she says that she ranging parents.

get the grooms was easy. control.

дл emand pated

two

Just obeyed sergeants and must write

orders.

columnist in the Levant states.

Miss Shankha

variety

writes

on

of subjects

from politles to birth

thinks wembo,

ક્ષ

Jer style is lucid and almiple, but her opinions are sharp, and such.

aften full of scathing convic- tion.

ng

Sola and Vera, She has given several talks !

were

23.30 22230

21.00

23.00

23.03

23.00n

-United Press. LONDON MARKET

London, May 12, rubber market Wus with No. Ras spot quoted at 18-7/16 pence per 14. Prices:

The quiet

18-19

No 1 spot Settlemen) house term: June

July/September

18%-1015

16-109 1842-197

Orsher/Dezember

January/March (1058) April/June

10-10 10%~10%

18.3/10-18.0/10

-18-10

181-10 -United Press.

General parketa, cif banki, purta : May Junio July

Wages and

price, prices, wh

cilmic incessantly since 1946

were

ciabilised

Brussein Coputagen Liston

Park

Zurich

Stocktuxim

crease.

Rome

Aircraft stocks, and those of producing mulded Word strong. Qila, of just chemicals, metals, motors, rails all had wide gains. There were strong spots in the textiles and Lome

İlquons, both

largely ignored in the current advance.

are

CX- in-

MUCH TO BE DONE

Total turnover of 2,210,000 shores was the heaviest sinco

"There remains much to

be April 30, compared with 1,770,- done which would give Immense 000 shares yesterday.

London, May 12, 2.ni-13/16-3.8i-10/10 | support to the Industry's OWN Initiative and

enterprise.

2.7734-2.773 10.03% -10.04 12-12-1/10 $1.7449-11.74% 140.0775-140.721.

19.43-3-19.44 70.03-00.10

90544-0057)

14.5044-14.5636

12.33-12.23

United Press. NEW YORK EXCHANGE

Canada (dollars Sngland-official unofficial

30-day future 90-day futures Australia (pound)

Denmark (kronet France franci

Gains in stocks used in com- The plling the average ranged to 15% menace of our wretched main points. rouds with

their chaus

and

United Strong bidding standstill still calls for realis Aircraft in response to the com- tic action.

for

pany's dividend declaration of one "The unreasonably high level share of Chance Vought stock of purchase tax and fuel tax for each three shares of United continues to hamper effort and touched of today's rise on the expansion. These questions have stock market.

Chance Vought, a direct and Intimate connection traded for the first me today cachon a "when-issued basis", was

Closing Rates

May 12, $101 11/16) with costs of production, 2.61 10/10 and every reduction in 2.15-2.78

which detive with the price between $22

In and $20.

is of the utmost advantage

the Industry's drive to meet the Sperry Corporation, which, it from was disclosed today, has begun

competition

OFFICERS ELECTED The Honorary Officers of the Society of Motor Manufacturers

"sp::row"

regular production

supersonic

of

The

guldded

11 up

mienile, ros: 2% points.

ran US Gypsum

and Traders elected at a Counell points to a new high at $148. were strong, with meeting of the Society in London Chrysler of a point higher.

2.81

to

2.015

2331%

had

New Zealand (pound) South Africa (pound) Belgium (frane)

2.61 10/18 growing

2.8216

1453

abrond.

00:2091

Whel Germany (deuts

mark)

2485

2044

.0016

1400

.0300

.0204

1836

2354

2119

3047

14

.1764

0000

The cost of living Index began to fall and real wages began to increase.

There was certainly an clament of god luck in all this. The expectation of the end of the Korean war lod to the fall in price of raw materials on the world market. This in turn put un end to the stockcplling policy of Austrian factories and dealers and to the sale of stocks, that internal prices fell.

FORTUNATE MOMENT

The fall of world prices | allowed Whe Government to

introduce inform rate

*

The New York Cotton exchange. Until then, there had

hesitant ot

on the Syrian woman's role in Best, were finally persuaded by

country's

There is no subject which lies the vuteido

her Vislet's Dream structure, domain. Whether it to social several reform that she is demanding or stations, a piece of controversial pollileal legislation that she is criticising, "The Female" is persuasive, indignant, and outspoken.

No Birth Control Hor social topics in particular are widely talked about.

column was

in Middle

social present broadcasts from

Past

the assurance that it would be a temporary marriage, "It will radio only be for the duration of the

district

they competitions," were told. "Afterwards, we will transfer you again to the un- married state."

But the girls and the ser- geants are still married.

Unlike Egyptians, women in Syrin have the right to vote in Parliamentary elections. they cannot be elected as De- puties or President.

A reporter asked her what her next day's going to be about.

"The Femalo" who is un-ne, married

But

"The registrar's office tatem gorically refused to divorce the young people, while their mili- them to contract a legal marri- tary comrades, who had induced

ago, washed their handa, of the affair," "Red Star" reported. "And so Bona and Vern

Market

Holland (gulider) Italy-ocial Norway, throne) Portugal tescudo) Spain (pereta) Sweden (krone) Switzerland-free

FAR EAST India (rupre) Pakistan (rupee) Hongkong (dollar) Indonesia (rupiah) Singapore istralts dollar) Japan

J205 300 yen je US11 -United Press.

LONDON METAL

PRICES

London, May 12. The tin market was firmer,

lead and zin copper,

betn two rates, a premium rate while

f 28 to the dollar or 72 to the were steady. Prices closed to £1 sterling, and a "commercial day in sterling per long ton ns rate" of 21.30 to the dollar 59.60 to the £1 sterling

or follows:-

3-month

Now York, May 12, Colton futuren trading today

The new rate was the old Tin pot flattened out after the neonday premium rate but owing to fall- copper opst expiration of the May delivery. Ing prices on the world market

3-month Now crop months developed a

this devaluation of the schilling Lead May fluctuating

AUR atcadier tono after

could be carried through with- Zine May indecisively, deriving support

and put undue rises in the price of from commission houses

Imports. foreign accounts.

Trading volumes and open in- in the Exchange today terests

were:

Month

May July

Volume ..... 20.000

Dec.

Mar

$2,500 1,100 14,000

MIRY

13,000

July

aro

Oct.

3500

Total

$18,000

The columnist's job is only a hobby. It is, also, an honorary what she deserves so we don't post. "We simply cannot pay ther

| even try to............,” the editor told

Miss Shaficha, who waS tho smiled. The column first Syrian woman to complete will: virtually the wives of she was writing, she said, told

in philosophy of the|20 poor Syrian parents that it was syrian Univerally, now teacher Sergeants

Nkplai а brid inadvisable to bovo

many philosophy at

girls Nikolol R, while those respons Byriars

sible for the shom wchools.

weddings She wears her blonde hair only shrug their shouldern,

This shows what decelt Spot

children.

"They

BTOW

up

dhe explained,

without

#COUTEO

proper attention and become a very long, cascading half-way

on the country's ton down her back, and has a do- sometimes leads to in the pur

finit Wastern look. She admits muit of aporting honotirs. In the proposal: controlled this, but saYN: "I would not } given caso it became an insult parenthood, and familles

des change my Byrian nationality to the young people and led to aigned within the: Amancial for Al the world!Chine Mail dorpect for Soviet law. limitations of the earner.

China Mall Special.

Boocial.

The moment

Was

fortunale. This devaluation made a consi-

derable increase in exports pos-

qu

last week are:

Mr A. B, Waring (Chairman.

Motor

ex-dividend.

The NY Stock Exchange bord and Joint Managing Director of volume was $3,420,000, and the Joseph Lucas (Industrios) Ltd.) American

Stock Exchange who becomes President in suc-volume was 550,000 shares. cession to Mr W. R. Black

Dow Jones closing averages (Chairman of A.C.V. Sales Ltd.). were: Mr Black now becomes Deputy President,

was

Mr Waring, who has been a Vice-President of the Society for the

tvo past

усатя, appointed Chairman and Joint Managing Director of the Lucas Organlation in 1961,

numerous sub- Chairman of aldiary companies, a Director of Loyds Bank Ltd., and holds

Industriala

20 rail

I utilities

5 stocks 40 bonde

321.61

100.47

30.00

170.24

United Press.

100.94

He New York Sugar

Market

CHICAGO GRAIN

PRICES

Chicago, May 12.

World

New York, May 12.

No 4 sugar futureя closed today unchanged to 2 points lower with tales of 05 contracts,

futures

Domestic No sugar Closing prices per bushel in closed unchanged to 2 points higher with sales of 125 con- tracta Wheat, No. 2, red

Both markets ruled quiet and without any

Open Interest sible. This was further helped today in US cents as follows: Sept.

13.495

20,000

243,900

203,800

102,900

1300

DOST RE

new equipment provided by

Marshell Ald which increased

by

Austrian

industrial efficiency, coming usto production.

con-

100-T

particular fenturp tradors awaited IAW

800-market developments or somo

other now incentives.

buyers sellors

725

720

720

724

242

242H

23794

230

94

1445

0213

923

Aug.

7936 2012

--tinited Press NEW YORK FUTURES

New York, May 12. Prices of metal futures closed

7015 cenis:

Spot

30 1901) 1983 (2)

100n

1991-14 while

May

Dro,

13426

Corn, No. 2, yellow

Future

01.200

Spot

May

160 15415

closings were:

16.200 July

103

Contrast, No. 4' (world)

14036-140 July

1611

Beptember

Dolover

United Pres May

201

January

July

Boybeana, No. 2, yellow

May

July

2001

May July

Business was dóijo in the local sept tansemeiat #KOTLETES PARTICUL mojning, at the following; paten Sung

Tron Ali- marter,

Hoy,

210145 July

110-162

Load

June Tin May Juno Zino May June Copper May

June

10.255 Sepit.

10.855 Dia.

29.45D

Exchange Rates

The experts have been 1,123,000 bales founded by the progress which United From Austria ada made. It was de- NEW YORK_PRICES

that |lieved: 'earlier

Austria New York, May 12

would neod. foreign aid för at Close Fricts

Sigy_12, 100′′five years after the and of

Four Country Occupation of Yet Austria hae balanced har boler (per (1) dettonyshe, even ha e

Indonnelly" rupiah (per 1003 VA BEACH plus; in" "bes : 1985; budget—in spite of for Cobainued Occupa tion--China (Mail Special,

5662-68 expired

Epot diam. Cena per 100) 37 CẪN TO NOW York flour, cine pora, thintalyukay

300 ba, sock

dini girirse (Der 100)

0.12

$14.205

March

spot (cents per lh, fob Cuba)

Open interest: 5.101 contracts,

Contract No. 6

September November

March

kpot (conta per in, cif NY

*@x-dtity)

Open Internet: United Press.

contractad

—United "PreNA.