1954-06-17 — Page 9

Page

CHINA MAIL BOOK REVIEWS

An Explorer In Dry Clothes Takes A Look At

The Ocean Bottom

THE CHINA MAIL, THURSDAY, JUNE 17, 1954.

(and

ter Dhar

Munimo deep, “wno, altisough an eindbrud Scores "Westward Ho With east

amber, in the seabed which her;list, devas a tremend "Albatross' ", byr than 5,000 fathoms bey for a set.2.1, aler Professor Hans Petters- surtare Then saited Month

The

sto fall and fadumeen and

Red Se Ending Ocean to the Suez and the Me Pest m

son (MacMillan & Co.porn torta in Coglan, perms the Ltd, London 21/-)

Thousand Hľ Fathom Lepeath the archanging |

Pater the eg there are

R million Species Puede est in Dudin bi kapa which, not many years ago, man se pare à id exploring

Today, therako ↑, Ninance,

1

tentions) pleasure on discovering the wonder, ad salur

be

There are k Tow generally- accepted talfieles about the sen which Professor Pettersson ex- poses wil then explustes hapes once up for wi}

Hemember the legend arrest With

Truc the lost enty of Atlan echo- $1 Ingenious

"Every Krapie, 15 NAVNETS of thes

intvanced li "Alatronat charted the

protitegument

defence of of the

the reality of the oreno hoitomak 1. Ti

I dabar alarmed a land king- world With a towing et a

Cables 36.00:0 deod

aran dan been sacied by eri-

נו! זויין

So far

*rrty-fi2s585』

he has the col utline of gathered deep-sea ft MP Larvilisation Pyssel ether outside

a fazemaling pfare of thas ponual

NAM.

PAVARA 7 plan 34, Iramozona s

tish, the elimo, Pcarpet of the hot

Che

burol the

valley

and towering peach of Nip

and allend S NE lemi vod

111

Spreier of primat

Truth the belirt

The

trabati -Fur i SPEND Jurnal de 4 (bish with bosat Tabla y

felms, deep e peswiss which

if they had

11

kell.

and the strange

bulk

street

denga"..

Juzg

everal

(el

with

tim- lamps of The talk. riskin!

the buroches

011

ibros pilkistenermat

1

The 19

To top

And always nakuomurs

;

Jury on exper

I

1.19

permott millions of yenes.

Prufes .or

Petter

Pon of wetlen and hi's col hapter

have chied

h

Dop

18.

ET

dade

E

#data's

Swedish

ma asja dalam in 1917.

Westend Ho Woh The Al

batrees *", les

The seimating

Trew

o konfned by #topgang lor, caplate | tubes by miradas nf dowel radio

sis, in

te to thes

me a mad

up to 50

h and were the

exoldalned

rok 50

on the Alinha

Petterssort estimated hus cores showed khm The result. f senfimentation ONVE i penod of between two want throw million years!

and

Bo

Also having calculated the

of tale

sealmentation. pot ch th x with The results uf The

Every written "eebograph" which gave

wust pubby total "depl

Petramer 1. underwater | esifinated the Atlante may

500 million year old-or 400 explecating ties bett whet oa m ebilded fox Jules Verne

mallion years older thats earlier

varetraphers believed.

esse mindly de whose plate

1

In later iste by sh newspaper accounts.

ENTIE!

Abings S its Tit Printer

sor Pirend's deep ren dives _ | 14. Halas se aplar, Fiel 1 di covers of the fish with arms

The

among the earliest of the deep.

1-

inotor-sebron162

In there cores he found layers

which

CDC within

11.

an uns of Here 180 centurIOS. Denkmony will

have it

But he does sons Atlanta muy ont of the

ï [

ו' !

Dropping the core.

Allantic:

sen

TRADE and COMMERCE SECTION

IN DEFENCE OF WESTERN

TRADE EMBARGO

London, June 16.

The United Kingdom Mutual Steam Ship Assurance Association, Ltd., discussed in its recent annual report the Western ombargo on trade with the Communist bloc and said that transactions "likely to increase the danger of war" cannot be justified by any

of mere reason expediency."

The report, which is for the year ended February 20 last, made these points:

management and skilful charter- ing show their true worth.

A mere 12 months is an insuf- Acient period in which to record y material change in the

Talents which were latent in present unsettled world condi- the long yours of close wartime tions. Politically and economical-control

now being fully been no major exercised, and shipping is be

coming again the flexible instru- ment for world indo it has been in the pan.

there has shift of scene,

Controversy is increasing us to the desirability of more Fast- West trade when ideologien barriers still divide the world aint there

is still a danger of

Few doubt that if wor

were to come, it would be far wes than anything menkind has yet known This ml be born mind even in considering such mailers an Tende, which is no

CLUB RISKS INCREASING

"Keep Your Dogs Locked

Up" Warning

Hanol, June 16,

Hanol authorities

ed dog oWBER to Their pets

warn-

keep

locked tip at

night to mve them from a

gritenome futa,

high- Viet-

Dog MBAL 1s priced dellency In namens and Chinese restaurants and the mum- ber of dog thieves roam- Ing the wuburbs at night han_Increased,

Prise prey are the fat, pampered pala of pron- perous

holders... house China Mall Special.

HONGKONG

STOCK EXCHANGE

(From Our Correspondent)

Business on the Stock Ex: change this morning amounted to $491,460. Noun quotations

The bendeney In recent years has bean for indemnity risks to fail, especially eurgo claims, due to the preventive measures taken the morning's dealings:

shipowners and the lay many association's determined Tesis- tance to unjustified claims.

Unfortunately, protecting club

are still increasing, parti-INSURANCIS cularly crow liabilities and dock Otten it is madr En serve

danuge olains, Therefore, al- other ends, either to build up though the indemnity club calls war potential, to reinforce polit have been reduced, the protect- cal pressure, or simply to wining club calls have had to be over the minds of the magvos in another country.

hager only a question of buy-risks are ang and goiling.

RESTRAINTS WILL CONTINUE

increased Bmount,

by about

Univer Underwriters

SHIPPING

Waterbost

Ama Nav.

Call For Lower

Rubber

Production Costs

London, June 16.

The Financial Times, Britain's leading daily business newspaper, called today for a reduction in costs of natural rubber production. At the same time it warned that the future of natural rubber depended on the maintenance of Far Eastern stability.

The newspaper was commenting in an editorial on a long speech made yesterday by Lord Baillieu, the Chairman, at the annual

general meeting in London of the Dunlop Rubber Com- pany, Ltd.

Lord Balllleu, who out were both higher thon in 1932. lined his company's

The profis earned were zalia- factory." tivities in Malaya, Japan. In Init the volume of sales Inlin and mily other Improved 1a, 1 Year but thele countries, said the future value was bil.w that of 1952 of due to rdinellene selling and progress stability Malaya, one of the world's prices, Led Baillieu stated. SIGNIFICANT RISE two major rubber producing The Financial Times today countries, were intimately also stated: "This year there linked with developments in has been an unspectacular but significant rise in the price of Southeast Asia,

naturių rubber. After pro- longed period in which pries fell

CONGUINEFS purchased hand to mouth only,

that have found

the ectual surplus is now relatively Email and that they have stocks

DS

The Financint Tintes, re- ferring to competition between

and synthetle rubber from natural said "one of the most vital tasks buyers for natural rubber producers is the reduction of costs and in the to replenish. 5001810 light of this it is particularly

interesting

to learns that extensive repisating programme

... 1033

SHARES BUYERS SELLERS SALES

BANKS

*

330

4 to 6 85

18

10%

the same

DOCKS. ETC

K Wind S'hal Duch Wherlock

1

24

#120 039

JK Land

S'ha Land Himplu vya Really

55

700454

ង្ក ត

211 130 17.30 11 G

Tag Singapore Rubber LAND ETC

TO any particular transactions directly or indiert-

ly increase the danger of war. or Để vnc country or group do- minating or taking over unther, such trumactions justined by expediency.

<*267313

Buy reason of mere

Market

Singapore, June 16,

from little selling

Lower advices brought a

abroad

at the

The motives behind offers of opening. This was absorbed by business.

Therefore, often have to be considered, and a examination made as a whether

purties myolyest

both

I

trapsler benefit

of goods

For these and other reasons, restraints on trade may be ex- pected to continue

will really

tli trade After wilch prices gradually appreciated through- | Out the day. Business was done above the lowest, of a cent Sellers were reserved. Priers No. 1 rubber ver 1. July Go!-001

Aux, 00-3/1-00

Sent, unqunted

"

63.cat

645-047%

051-60

77

The degree No. 2 rubber per m. July 6914-0336

No. 3 of fræstom which Governments No. will allow to tenders may well Spot rubber unbaled depond in part on how abjective Blanket crepe

No. 1 pale crepe and

the it aders constructive themselves are in planning their

operations in such difficult world

conditions.

LEGITIMATE?

or volcanle ash and he specu

vastness of the lotes that they were the result

"Should the pessimistle views Croncarh, of the huge volcanic explosings

eer uin geolog.sia be realised, which have shaken thủ earth whee ancestors were probably

that a progressive desiccation of innebrands | miner it was born aunt 3.000

He believes our planet will end to a gradual million yours ago.

jes | sinking of the ocean surface, a thunt Was layers of ash found mkd-Atlantle continent, separat- These issues deeply affect the Professor Pritersson his skil nearest the surface of the sedi-

shipping world. Occats from Sea in two Atlantic

Restrictions of) fully combined an dominating ment in the Mediterranean Sea

course mean a shortage of car- other. will ultimately ncerunt of the abjects and re- might have been the result of each

goes. the falling emerge from 15-month expedithe Vesents explosion in AD 79 sult of the

Burface" Me

puck Ishly: adds Lion

destroyed Pumpelt and

"To what pornplications in to- 'Albairus' with a lively personal Herculaneum.

ternational polilles the owner- narrative hat will appeal to u

research also foretells heir

ship of this new continent may huge under water volrande exe wide variety of readers

lead

Jert must be

to the plosions which, In millions of

imagination. “ During 1

years time, WE hurl fan- "Albatres travelled muze than tastically high mountain chains 4,000 nautical miles across three out of the deption of the Allan- Nature has by no means The main purpose of the

Cisalp

Lec Jotulwork of the expedition was to investigate,

shapling our corth. by means of new methods, the beet bed in great depths, ita deposits and the thickness of the sediment which covers the "rock bottone to a depth of 12,000 feet in some parts.

OCEAN.

eruse.

the

Leaving Gateburg, the grace- ful k 'Albatross' suited south in Portugal and Madeiro, across the central Attuntle ridge to the Caribbean and then Martinique and Panaina.

The expcdition erl. a-crossed the equator four times in the Paciße

to

The Atlontis of the future Is at present a submarine mountain cham stretching from far north of the Azures to the latitude <! the Cape Harn. The highest point nwever

still

B00 fathoms below the surface!

is

Is there a wealth of uranium to be extracted from the sea? How was the Parille formed? | No. There is not the remotest Was the deep bowl of the ocean the sear left behind when the moon was born out of the body

chance of obtaining uranium from the ocean depths; measure- ments of the amount of uranium

-United_Prens

NEW YORK MARKET

JK

UTILITIES

Tram

Star Ferry

110

C. Light (0) 14.40

C. Light N1140 Electric Telephone INDUSTRIALS

L'ement STORES. ETC.

Dalry

the

th

"At the same time there has been an increasing realisation

planned (by Dunlop In Mainya) the price of natural rubber is fully competitive with syn- is expected to bring about baththetic--though a rise fram the increased production and lower prerent price might take this (18.

advantage away from

course

the na

"These developmonts have of tural product.

been made possible by the Improvement in the political apparent in situation in Malaya. The future that there of natural rubber must depend In the first place on the main 14.40 tenance of stability in the Far 2700 1140 East especially. But this aside, expanding uses suggest that with

"But what has become more recent months is is room for both aural and synthetic rubber in pend the context of rising world de-

mand for rubber as a whole."-

3500 20.10

500

120

281 28 76 600 23

24.00 24 0 20 1300 ...

17.50

2015, 23,60 500 as 23.40

1300 23

200# 23.16

1000 * 1231

2300 #T.231

2000

23.40

Watson ....10.20 10.40 1000 18.30:

(Rt)

COTTONS

Textile Corp. $ 0.00

a growing general demand for

the rubber,

natural ist :ynthede products must be re- garded ila complementary well as compolitive."

45

Lord Ballou said the ability

to take part in the production how" Involved

800 1020 and the "know 360 @ 61.10) in the extensive use of the new Fynthetic rubbers was of great importance to Britain both com- mercially and strategically. Ex- tensive resoorch was being con- ducted on synthetic rubber in

300 **

5.

0

14!

MISCELLANEOUS New York, June 10.

the winery was Balance of scattered.

Yangtser Yawnatk

New York Sugar Market

futures

Chinn Mail Special.

NEW YORK

STOCK MARKET

New York, June 16, Stocks continued to forge

both Europe and North America, ahead on good volume today.

he said.

MORE REPLANTING

to more

Rubber futures today closed 20 to 40 points higher with sales of 163 cöntracts.

with rails and industrials Most of the

was busines

of

recording gains of a point represented in exchanges September contracts for physical

than 2 points in rubber. Actually, 90 contracts

Of Malaya, where the Dunlop loading insuca. Worse still is the uncertainty were involved in the switches.

New York, June 10. Company has great interests, The gains today Just about as to whether come types of } Butt

Lord Baillieu said: "I was able crasect the No. 1 sugar

final traces of Jast World

refer lust year to an an=) week's break and the business offering stauld pro-

com perly be accepted by reputable

No. 1 Res spot were quoted closed today 1 point higher io to

provement in the tenergency | posite market average touched shipowners, and even in extreme at 2334 cents a pound. Prices: 1 point lower with sales of 240

conditions in Molaya and I said) its highest level _since com→ July

contracts. September

Domestle No. 6 sugar futures that we seemed to have reached pllation begun in November of December

the tide had| 1933. a point where closed unchanged March

turned in our favour. That

picked up on the May

higher with sales

would appear

volume totalling 21.53b tracts.

has meant that the 2,070,000 shares, compared will Light trading buying orders 50

of re 1,830,000 yesterday. the world vitally important task predominated

Rolis planting our rubber catates has

were the

bost: per while evening up contract,

continued on an increased scale farmers again today as they

yesterday's compared with last year when extended

sharp operations in nearby July ten- tured the trade in domestic con-

the programme had to be cur- goins. They rose 90 cents on tracis.

Lailed,

average, desplic a loss of 2 In the world raw markel,

points in Union Pacific, yester dealers believed a fairly large

"The future atability and day's pre-setter Union Packle, amount of business was pend-progress of Malays are intimate-up more than 8 yesterday, rose

cases as to whether the business Is legitimate.

On such matters, which are often brought to the assaben's July managers for informal advice, owners generally have shown a very proper restraint,

23.50

23.756

24.10

2.30%

24.00b

United Press, LONDON MÄKKEI

London, June 16,

The year has therefore again The rubber market was quiet been dimcult. The cusy profits ly steady with No. 1 Rsa spot of recent years have gone, and quoted it 19% pence per lb. now is the time when good ship | Prices:

tidal wave thousands of millions of the earth by a cataclysmic in deep-sea deposits have given New York Cotton ember

very low values, quite as low as

of years ago? This and muny those found in ordinary all-

ther Interesting theories about the ocean bed are discussed in a lucid and attractive style by one

mentary rucks tinents," he says.

from the con-

श्र

☆

And finally this fallacy which

most journalists have been

Market

New York, June 10, Colton futures trading today continued to be dull,

In one of the slowest days of the year, prices fluctuated with- in a narrow range, but managed

guilty of: Will the detonation 10 keep just above the previous

close most of the time.

of an 'omic or hydrogen bomb Closing on

of

n

Oktober/December January/March

20-2014 2011-2012 General markets, cir basis, ports:

... 19-15 191-19 10-7/10-10 Mer United Press.

Estate сторе

one thin

to 1 point of 683 con-

This

with move, to have been Trading

y Imked with devolopments in 3 points to a new high at $189 Southeast Asia, We must there. In the early trading today; then fore be cautious in our estimates fell back to $13314 under

15

of future prospects until we pressure of profit-taking know more clearly the outcome General Electric was the big Industriais, laing 1% points to 8423%, a new high, on the day's most active tufa-- over,

No. 1 spot Rm ...

Settlement house term; July

10%-10%

1915-191 1944-1944 10-1912

ing.

19-20

Future closings were: Contract No. 4 (world)

April/June

Tuly

3.21

Sept.

3.29

June

Oct.

3.05m

July August

3.20

4.2013

MAY July

3.24b

of the issue in Indo-China and the results of the Geneva con- ference."

feature

Spot-(ceals per ib, fob Cubaj 20 Contract No. 8

July

6.00

Sept.

0.73

Nov

8.726 registrations in

Mar

6.21

May

6.03

July

Sept.

Nov.

London Foreign Exchange

a mild rally the set up a chain reaction transmut-list finished up to off 5 points, Ing the İmunense supply

into Opening prices were unchanged hydrogen In the water

to off 5 points. New Orleans New York helium?

Professor Petterson

Mou!reni closed up 2 to 7 points. a chain reaction,

Amsterdam says: "Such

Trading volumes and, open Blocked Mark involving all oceanic hydrogen interests in the Exchange today Hamburg

would make a hydrogen bomb

were: cut of our small planct, con- verting it into n dazzling v. Month

ja Dirnost a perfect balance between scientific research and

Volume

Brussels Copenhagen Openi LIEDOT tnere Parts

439,000 20.400

Stockholm 4,300 238.700

Zurich 14300 22 368.209 4,400 207,000

7,000

2,000

2,100

100

200,000

0.700

27,500 Canada

London, Jun 14.

2.01 13/15-1.811 2.7030-2.107

30.012-10.05 13 0/32-13 7/32, 16.7334-11.7476 140.86-340.05 1044-1944)|

70 13-80.05

3641-0044 14.495-14.494%

--United Press.

NEW YORK EXCHANGE

New York, Jượn 16,

$1.01-87/32 1.78.2.18

0209-13/16

100 England-unomisin (6,800 3,058,800 Belgjum

bales Giners, werd" unchanged.—United -United Pres. Prem.

Us

a fate which will assuredly not overtake

whatever daviry our nuclear physica may be capable of turning out."

July

110W-

Oct. Dec.

Mar.

May

July

Pervading the book is the Scandinavian cliorm houenty of expression of the author. He hins contrived present a book in which there

and

Oct. Пас. Total

10

NEW YORK PRICES

Now York, June 18.

33.33

34.20

34.IN

34.30

34,06

139.99 Wheat, No. 2, tad

Bart

Dé

33.07-09 23.071

1974-1

Com, No. 1, yellow spot

the light personal observations

Prices of cotton futures closozi

of a traveller in foreign lands, today as follows:-

Bpot

The photographs supplied by July

various members of the expedi- Oct.

tien are excellent and occur on average_about once every woven pages R. G. HUTCHEON

New Books

The followitig!, new book, has boon received_fróm-MacMillan de Có, Ládi, The New Men, by CAP«j Snow. It w}}], bo; zaylowed in

Next wesky review/aldi bej Daphine DAMBU

novel, MarY

Dec.

Mar.

May

July

get.

Deo.

Unlied Frea

LIVERPOOL: MARRET

Liverpool, June 10,

CHICAGO GRAIN

PRICES

Chicago, June 18. Prices per bushici in cents:

Closing: Prices

Colton' futures, In ponco. per | Dic

and Unsed on American Ma ling /cotton, 18/10 .:Ancti;

Bpteinis per ib. eif NY

ex-duty)

Of Japan he said there was

1983

CHRYSLER'S, RIBE

a steady Incrcorc In vehicle Chrysler Corporation gained

and the 1% points to $81% as the com expenslen cf road transport for pany planned to demonstrate long distance haulage continuzd. the

turbine - powered "Dunlop 0.67

DAT

United Press

cor.

first

in Japan participated standard American fully in the consequent Ineren 30 in tyre ternari arid males volume and value of turnover

Steel Denationalisation

Surprise In Britain

London, June 16.

passenger

Among the specials, Kimberly- Clark responded to a two-for- one stock split proposat with a rise of 3 paints to $64.

Theto

were a few Strong spots in the oils. Standard Oil (N. J.) roso a

point

to $8014, Barber

to #04% Amerada 2% to $1855%.

67

Out

Oll 14

490,000

of a a total of 1,170 isauca traded, 708 weke hiiner with

at new tops and 214 loyers with six touching now lowe.. Two big industrial firms bought back control of their The NY Stock Exchango nationalised steel plants today for less than half price in bond volume was $3,800,000.

The American Block a deal that threatened to raise a major political storm.

change volume was, They bought back only part Vickers and Cammell Laird shares,United Pres

DOW JONES · AVERAGES. the paid £10,000,000 for 8,000,000 of their former stock for

New York, Junn, 16. lower price but it was enough ordinary A and B Khuren of

Dow Jones closing · averages, representing the equity on Wall Street were as follows: to regain control. The Govern stock

not lose capital of the steel works, s ment

will probably

30 industriais 30 ralis much money on the deal oven-

When the Sozialista nation is LANG tually, however.

alised the steal. Industry in 1951 15 stocka The big industrial firms were they reeloved £21,150,000 10 Comm. future, pries influe

bonds Vickers, which does everything the Corporation. from bottle beer to manufacture

But they farmerly owned the Cammell Laird child eaglial of the English

Size1 Corporation to{}+

and.

SHIRMIRATAErubannirot of Joan and equity, edpital.

*They purchased

the

40

foited-Prem.

The Exchange Rates

Sheikh Steel Corpärailon “it) bought buck only, the „Gaulty"

Industry

from the Iron and | capital

imes

Now the Coverthimit “MU

the steel denationalised by bentire, ahk

Britalier Conservativo, s Covente stock, who

takaisters fous, or not

"the prionu.UNI

BURETH wis dorie d'I morning«KU? the following rated?....

Bingapore. (Benita