The Gold Coast has voted, and from the new Parliament will be formed the first all- Jean Government in this or any other part of British Afrion. Polling was quick and
By lunch time it was estimated that half of the 2,000,000 voters had been to the booths. women, who like the men have the vote at 21 now, queued with babies (as the voter
here) tuoked on their backs.--Express Photo,
Greenwich Village Is Losing
Its Bohemian
Charm
New York, June 29.
Greenwich Village, former "Bohemia" for many American artists and writers, who forsook conventional ways in its romantic streets, is getting to be as tame as a small suburban community.
Looking back at the two square miles at the lower end of Man- hattan which New Yorkers call "the Village," those who have emerged from its cold water flats and dingy atties
sec the respectably dressed generation of "Bohemians" today as strictly as middle class.
THE CHINA MAIL, WEDNESDAY, JUNE 30, 1954.
But in the Greenwich Village of 30 years ago, "middle class" meant that there was enough money to buy three good meals a day.
Edmund Wilson, one of ful ideas on "The Great Ameri- publicity rather than in adver-
who can Novbl"-e painting.
the American writers inhabited the village of the 1920's, wrote of the district through a character in one of its booke,
and
"I had furned my back on the world of mediocre atins posele compromises. and ut that price what brave spirit would not pay 17-I had been set free to follow poetry."
It was not
tising.
more seen
Jonk after the Today there aro now height of cultural grandeur of babies and perambulators the Village of the 1920's and in Greenwich Village than ever 30's that it became one of Now before. York's biggest tourist altrac-
In the words of one success- tims. They cume for the night life, to see the "jazz joints" ilkeful writer who still lives there: Eddie Conden's or the strip tease
"The Village of the 1020's has shows in the bars which lined vanished altogether. its greut West 4th Street Or looked crusade for personal and sexual "different" at the San Remo bar freedom against an older, mare on MacDougal Street, or place Puritanical America has been
Sheridan fought and won."
The results of such Beriti-called Louis' merits was that in a place only | Square. about a mile from
hirled fashions
the
stiff- luxurious
UTI
Now, on Friday night Louls Avenue. young arlists bar ts so jammed with Now were giving up the wages of York University students that
There are still
"Bohemians"
In Greenwich Village. But they are called the "homeless group" by those who lived there years
Actually dress and act us the owners put up an iron gate Village is not exclusive
ако. ปี group to whom the
they chuse for the privilege of self-expression,
861
band- The remains of what to be derelicts
*** quarters,
in the the
hot to overcrowd the place and break fire departmented faws. Inside, Jeaning against Village are referred to by were formed dark wood panelled walls which older It was in the bear initials carved by a by-"kids," fresh out or flunked out, ILS maladjustedt being gone generation, are the young of suntoistard as part of a project clean
college and running stroven students. their from parental pressures.
away
Laterary groups
in the taverns,
old Hotel Brevourt, now
to enlarge nearby New York short haircuts, white shoes and
University,
The tort
in
like crileglate dress famlltr Eugene Europe during American univer. Edna St Vincent sity holidays.
discuss
thai
writers
Dreiser,
Millay congregated
O'Neil and
literature.
It
to
hos been sold thot In Greenwich Village the пош
famous cocktail party, replacing afternoon teas, had its origin.
The
colourful
crowd
Small Art Theatres
In Search Of:
TRADE and
A NEW BASIS FOR MARKETING COTTON
But No Stabilisation Schemes
From Our Own Correspondent
London, June 29. Few commodities have been more in the news since the war than raw cotton. And certainly none has been subjected to more government "interference" in one form or another. Now thoughts are turning to means of bringing supplies into a closer relationship with demand.
At the moment, this relationship is very one- sided. Price-support schemes and acreage control --especially in the United States, the world's most important cotton producer-have superseded the age-old law of the market-place.
to rise above a or when our-
the former case, im – be
As a result, production operation only during an has outstripped demand, and emergency — when shortage the world now has 16,800,-specified level, caused prices 000 bales of raw cotton in plus depressed prices below that excess of immediate re- quirements. Moreover,
production tus year la expected to reach a new post-war record of 37,200,000 bales, or 2,000,000 bales then spinner's and other users are likely to want. So amotol will go to Increase embarrassing surplus
thel has piled up in the chief producing countries,
more
leval. In porting countries would entitled
10 an agreed quota supplies; in the latter, exporting would enjoy a guar- ntries anteed percentage of sales.
the proposal will accepted without apposition--if indeed, it is accepted at all.
But
that
the
world's cotton considering the
American efforts to ease the situation by cutting down ucreage under cotton are not expected to have much success. For increased yields will prob- ably offset most of the reduc tion in permitted acreage.
MARKETING PACT Now thr experts arc Question of
International marketing agreement fur row cotton.
21
be
Last month, the International Cotton Committee of the Inter- national Federation of Master Cotton Spinners' and Manu- facturers' Associations →→→→ which represents 14 European countries reaffirmed its opposition to stabilisation schemes for raw
cotton.
COMMERCE SECTION
The Hammer Falls On The London Stock Exchange
London, June 20,
A flum dealing Malayan tin mine shares was haruncred on the London stock exchange to- day-the" traditional sign that it had talled.
A blue-coated Stock Ex- change official mounted a rostrum on the trading floor,
rapped three times with a hammer and 072- nounced that the businCAN of H. Lockwood & Co., **W* unable to comply with its bargaining."
All trading stopped while the announcement Was made,
The Arm
father-10N business, has bern trading as dealers in mining shares mostly from Malayan tip for 35 years China Mail Specia),
HONGKONG
STOCK EXCHANGE
(From Our Correspondent)
Business
New United States For Buying
Policy Metals
& Minerals
Washington, June 28. The Malone Committee today proposed to the United States Senate a new polley for buying metals and minerals. The committee, which was set up ten months ago by a Senate resolution, recommended replacing Government stockpiling purchases in the eastern hemisphere by raw materials from the United States and western hemisphere.
את
I explained that the western could bo attaiced through แ hemisphere was the only de- liberal long-range market price- pendable source" of the but it made
mention of necessary criticni materials in a United States purchases of the time of wam.
ore in South Africa, The
Belgian Committee, headed by Congo or Australia-China Mall Senator George Malone, Nevada,
of Special. moluded four other Senators from western mining states and one from cool pro- ducing Kentucky. I submitted 12 recommendations to assure the "imperative needs of the United States be met" in acquir- ing 77 strategie minerals and materials.
NEW YORK
STOCK MARKET
They included restoration to the Congress
President's powers to enter into trade pacis and bis
to authority
alter Ex- American tariff duties: removal,
of United States dependency on camote und "possibly un-
The New York Stock friendly" or neutral
of Market weathered a heavy the world for critical materials. selling spree early today to
on the Stock change this morning announted to 308,101.70. Naon quotations und the morning's dealings:--
BHARES BUYERS SELLERS SALES BANKY
1085 1700 13 A 1680
175
HKC Bank. East Asia INSURANCES
Union Unterwriters 70 BPPING
830
055
areas
TEXAS CITY SMELTERS
New York, June 29.
The report urged the Texas close with industrials at a City tin smelters should con- new 25-year high. Rails tinue operating and pointed out were fractionally lower. that western hemisphere tin resources contained
were meet
Industrials, despite in Bolivin
a 6 point than adequate to drop in Du Pont, closed 83 cents United States require- higher on average and at their
increased depiction
best level since October 17, 1929.
Utilities 715 allowances to domestic producers
were fractionally
Waterboat... DOCKS, ETC. K Wharf Provideni (0) 12:40 12 Wheeluck
10
G
1214
7:30 7 30 500
1.3 1.10 2300 7
R
STIL BOLS
1.40
18. fo 1000
2.0214 210
LAND, ETC. FIIC Hotel HK Land
S'hai Land Humbley Hrsity
more
ments:
stockpile
of strategic materiale as further | higher, incentive to production: speed- Out of 1,199 issues traded, 405 up of
buying and were higher, 440 lower. co-ordinating the increased buy- Volume expanded to 2580,000 ing to keep production facities shares the biggest since May 21 27 70 in the western hemisphere: from 1,800,000 shares yöstər- Light 40 1300 13.70 1000 15.00 increased thanhum production day.
UTILITIES "trade quota
They suggest schetne" which would come into
This is based
on two argu- ments. Firstly, "they would un- counter great praetical and #nancial difficulties owing to the varied nurture of collion in con- trast to certain more uniform agricultural products. Secondly. they would render it probable that the development of the trade In raw cotton would he restricted and that cotton prices ut a level not competitive with other 'natural' ayathetic fibres to the eventual detriment of Cotton
manufacturers growers,
and consumers."
Singapore Rubbo might be maintained
Market
Singapore. June 28. Prices of rubber advanced onc vent today.
of
ONE FOR ANOTHER
The Armness was due to buy- But the chief objection to the ing because
runkurs and proposed marketing scheme is sales by Indonesia to China that I would repiner one kind Towards the close the prices fell of interference In the market sightly
on same profit-taking. | with another. Future closings:
No. 1 rubber per b
July 07-074
Aug, 0724-68
Sept. 67-68 ||
No. 2 rubber per No 5 No. 4
Ib.
July 6011-473
Spot rubber unhaled
Bankel crepe
Nu, 1 pale brepa
00.00%
07-074 6416-03 50-61 Volted Prom
NEW YORK MARKET
New York, June 20. Rubber futures today closed 10 points higher to 6 points lower with sales of 71 contructs. Realising and hedging turned prices irregular after an early of firmness. Failure of show domestic factory interest to broaden demand, helped en- courage the subsequent selling.
Spot No. 1 Rs were quolta nominally at 234 cents a pound dull market, Future
Bearded Derelict
Dr
£0
young
girl in
But there is still hope that it may continue to be a centre of culture, although so much Occasionally, a bearded dere-
the old Village
has scene
the llet with an army field jacket changed. This hope la in
theatres of the Village, referred slacks
to up lown as "off-Broadway”
of
in closings: July
Sept.
Dec.
Mar.
May
of
the
July
One of these small
scene
enfer nnd wearing no make-up will wan- productions. toverns of the Village, situated, der in. but they, formerly the on the narrow windng
streets
rule of the which easily remind visitors of "rouring twenties are the ex- theatres was the
Louls'
"art" simlier streets in London and ception
today.
of a Paris, became alive with youth- Viiluge
The few real theatrical revolution when characters
now left Tennessee Williams' refer to Louis and other similar and Smoke," which was not
"Summer pluces
being "college-great
success on Broadway, crummy."
played to months, group.
URANIUM ORE
FOUND IN
S.E. UTAH
Salt Lake City, June 29. Lisbon Uranium Corporation claimed that a nine-foot uranium ore body had been discovered on Its properties in south-east Utah.
they
re-
the
packed houses for produced by a young
with
Tram ... 21.00 3 PO 1800 Star Ferry 120
3001010 to the minimum of 150,000 Lena Much of the activity came C. Light : 12.7 12 0 1000 1250 annually.
the second hour whon the Electric
31 3115 2500 v 311%
The report said hemispheric porting ticker Macoo Elec. 1080
fell inte for Telephone 201
"self-sufficiency" In uranium period of 11 minutes. INDUSTRIALY
Foremost among the motors which climbed 2 Wax Chrysler points Chrysler featured in activity with a turnover of 71,- 200 shares.
STORES. ETC.
Cement 2. 19.30 1044 1000 e 15 to
Daley 24.80 24.99 2133 L. Crawford 22.40 COTTONS
24.00
Textile Comp 71 7.50 230
1000
7.00 7 55
1309 0 7l
MISCELLANEOUS
Yaumati
Yangiato Allied
140 140 200
0.45 0.56 2000
140
143
/ 6
3.
New York Sugar Market
The New York Stock Ex- change bond volume was $6,- 020,000.
The American Stock Ex- change volume WAS $30,000 closing
Dow Jones
New York, June 29, World No 4 sugar futures to- 200
dny clused unchanged to B
sales of 122 shares. 2000 3 Bájú points lower with
contructs.
Domestic No 6, sugar futuros averagca wore: closed unchanged to 1 point
with Enfes of 153 con
World futures weakened ot senttered liquidation. Domestic
wild presumably New York Cotton lower
In times of over-production, the surplus bi taken off the market by o "buffer stock authority instead of hy national Governments. And if the buffer stock threaten- ed to become too big. produc- tion would have to be restricted - which is precisely how the US Government is proposing to deal with its own "burdensome" surplus.
un-
Market
tracts,
New York, June 29. Colton Treders today again The spent most of their tune making workers in Puerto Rico adjustments in the expiring July virtually delivery.
futures showed little change.
halted
30 industriale
20 rails 10 utilities
05 socks
3.20.00
113.30
123.13
100.73
Comm. future prices Index
180.00 -United Press.
in bondu
has London Foreign
continuing etrika of dock
sugar ship- island. This broader reinor
ments from the
in
裁
raws,
Philippine dealers sold. Future closings:
Contract No. (World)
Jan. Mar.
Fluctuation become more or-stimulated Fundamentally, nothing would dorly as urgency liquidation wus interest be changed, and the consumer
absorbed by leading spot firms.
AB would go on paying high prices.
As July went 40 points under
Bopt, The scheme is therefore
October, spol interests took up
up | Oct likely to be approved by cotton the contracts against sales of users. But it is just well, October and December presa- perhaps, that the biggest cotton ably to transfer hodges forwards. May
At the close the list ruled up Spot-teens per ib. Son to expected States so far from wanting to
Contract No. The idea The United 2 to off 5 points. Opening prices
were off o to
to up 1 point. restrict exports is hoping to ex- Orleans closed up 1 to 2 points. pand its sales abroad - it
Crop
news continued on the favourable side. The Government necessary by offering induce- ments to both exporters and weekly summary sald mostly hot 2430 importers.
Bunny weather over the main Spot-cents per ib. clf Ný belt stimulated plant develop. meal, favoured cultivation and
21.40 23.85
24,10
24.400
24.550
United Press.
LONDON MARKET
London, June 29.
The rubber market was steady with No. 1 Rss spot, quoted at 20 ponce per lb. Prices; No. 1 New spot
20-2011 Settlement/house term:
20-2024
Aug
Sept.
Oct Dec
Jan/Mar.
Apr/June
which
July
would
Auk. Bepl. Estate
Many of the old Village sidents say that it was recent vlolent
death of poet Because of less elaborate ret- Maxwell Bodenheim whichtings and lower production costs, signalled the end of the Village small dramatic groups have been as they know Symbolically able to put on new or seldom-
compared the murder of produced plays Bodenheim several months ago producers on Broadway to the Iron ball of the wrecker not dare take a chance. demolishing tlio picturesque, but not too functional neigh- There are also art galleries bourhoods of Greenwich Village where an exhibition can bo to make way for modern blocks staged at about one tenth of of flats.
what it would cost at one of the mid-city galleries.
Lisbon President, Mr H. D. No great historical landmarks Landes, Jr., said that the dis- the atmosphere, just as Bodon-still people left in the Village are being destroyed. It was just With all its changes, there are COVETY was made during a
drilling opera-helm, a glant to the literal who take a genuine interest in that covered about 25 per of the 1920's, had been part of their art and love the cuni
the atmosphere as he peddled munity oven as it now is. his innocuous verses In the
*scattered jest
tion
cent of Lisbon's original 10 claims.
20-300 20-20
General markets, cif bada, porta;
grower, loo. прроне
CHICAGO GRAIN
MARKET
Chicago, June 29. All grain futures were tod higher on the Board of Trade today after a steady start,
July
Sert,
New Nov.
Mar.
May
July
Sept. Nov
ex-duty)
checked insect activity, but in- creased the need for moisture, A good shower is needed by young cotton and would be welcome by most older cotton, the report noted.
Trading volumes and open in- terests In the Exchango today
Volume Open Interest
50,000 $10,500 31,000 202,400
2011-2014 20%-20%
10 13/10-19 15/18 19 13/19-1915/16
Demand for wheat and com Oct. was prompted by reports of Dec. higher cash values, traders said. Mar.
were: Month July
220,000
440,200
21,000
May
12,500
320,000 240,000
19.13/20-19 15/18
in
Short covering and purchases Dot. by crushers resulted in a rally Dec.
soybeans. Wheat futures | Total
July
3,400
110,000
2.700
4,500 104,000 150,100 bales
United Press,
crept thin 24% nom.
-United Press.
LONDON WOOL TOPS
London, June 20, The wool tops futuro market closed steady today after a fairly substantial docline. Turnover was 44 lots,
Closing prices in pence per lb.
July
263-18334
The now discovery was des- cribed as "commercial" although Lishon spokesmen pointed out
Village -taverns for a glass of One of those people. wrote beer or a cup of coffee. recently that, aftor everything negative had been said of the Now, replacing the derollets Village, the invariable Ameri- that the extent and value of the dwellings, young married couples "Why do you not go
and artists in their low cost can query came to his- mind: ore had not been determined.
back to And the Village a haven from where you came from If you do Mr Landes, said that several the stricter ways of uptown or not like it here?" other holes showed mineralisa- pqlité suburban life.
were:
Sept.
Oct.
Doc.
Jor
Mar
May
July
Ded
tion. He said that the drilling
programme will now be almed·
the
Typical. Couple
principally at evaluating
strike, although he pointed out
that exploratory drilling on the
Tho' "typical Village couple
"You have to nod, you, against he wrote. There Is an Informality, a Charm, and an odd human warmth about this nighbour hood that makes you prefer. It
The
hil your resistance,"
were strong throughout the NEW YORK COTTON MAKKET
Ec3sion.
Wheat closed up 2%
cents;
Now York, Jung 20. Prices of cotton futures today
Boybeans off 64 to up 1% cents closed as follows:
Spot
per bushel. ‚'.
July
Oct.
Was
Doc.
Mar
MAY
July
Dec
At Winnipeg, wheat priced at 163% cents a bushel for No 3 Northern, and for No. 5. It was at 167% conta.
CHICAGO PRICES
Prices Der bushet in cents:
Closing Prices
June 20
148-148
1430-1447
141
Wheat, No. 2, 108
1401-14094 Spot
LETSE14: September
July 1935%(11) 1001&{X}"
1March (1059)
- 133}||-152016- Dora, No. 1, yellow United Presse agot
NEW YORK TOPS ·
New York, June 292:) Wool tops closed today 14 to 23 points lower, Prices in conta
balance of the property, would has been described as a husband more than other paria of Mats / Per ihr were an fallow ALER
• also be cundinized
The new discovery was located
approximately three-quarters of
na maile arom another "uranium
and wife, both with superato battan. cnteers The vite, fresh out of unroughly ambos che
amb often but exploitation
a women's college, may be In Khoday, and more brian John the publishing business. The plotted: body that was discovered about young husband la probably a Milj, it is, a Trandat, Vilma JURE UNG- | mobili angaUnited Press "Bohomian," because, ho in same aiChina: Man: Special:55
34.900 33,400 33.80 33.99-99
34,20
34 325
34.00
33,30
33.27b
United Prou.
LIVERPOOL PRICES
Liverpool, June 29, Closing, prices, American mid- dling cotton, 15/10 inch, were as
follows!--
OOL/Nov
207-390
Deo/Jan.
31.20 31.38
2001-76
Mar/Apr.
203)-
Oficjal prioon, for spol_căritons, are all unchanged,-United. Prem.
May/June
Exchange Rates
Business ·was "done" -ln" thn -topol market, this momky, ak then following,RATORI
Exchange
New York
3.18 Montroni
Hamburg
Stockholm
5.18b
Amsterdam
3.24
3.18
Partn
3.18
3.20
Zurich
Cuba) 3.17
Others
were
ProAN,
0.74
0.54
8.02n
6.070
5.70
-United Press.
PENINSULAR
London, June 29.
2.81-13/10-2013 2,7478-2.75-13/10 10.0294-10.021 11.747-11.75
TH-TD 14.50-14.50 12.2146-12.3134 unchanged.Unftett
NEW YORK EXCHANGE
New York, Jisne 29.
$1.02-7/32 2.76-2.48
02003
Canada England-unofficial Belgium
Others
Press,
were
unchanged,-United
& ORIENTAL
STEAM NAVIGATION COMPANY
R.M. S. "CORFU"
SAILS:
NOTICE TO PASSENGERS
BAGGAGE:
Friday, the 2nd July, at 12.00 Noon for the UNITED KINGDOM via Straits, Colombo, Bombay,' Aden and Fort Said.
Passengers are requested to send ALL BAGGAGE to the Hongkong & Kowloon Wharf Coʻs Godowntat No. 2 GATE, CANTON ROAD ENTRANCE, by noon on Thursday, 1st July, 1954.
SPECIAL NOTE: With the exception of hand packages carried bypassengers themselves, ALL BAGGAGH, must pass through the Wharf Cops Godown for loading on board by Ship's slings only.
Passangers: Phould embark between 9,80 and 11,00 am on 2nd July, 1954:
No comments yet.
Private notes are available after approval.