1954-08-06 — Page 9

TELEVISION EXPERTS FROM TEN COUNTRIES

THE CHINA MAIL, FRIDAY, AUGUST 60, 1954.

Twenty-four Television experts from ten countries who are in London, for three weeks T.V. Study course at the expense of UNESCO-United Nations Educa- tional Scientific and Cultural Organisation visit the Lime Grove T.V. studios. Royston Horley, chief editor of T.V. training (leaning on chnir) describes technical details of a TV. STAGE setting to various members of the party which includes Seen seated at the TV, camera T.V. experts from U.S., Japan, France and Italy.

is Mr Allegretti of Japan. Express Photo.

Fate's Fickle Finger

Gave The World Literary Gems

London, Aug. 5.

It has always been a strange trait of that phenomenon alias "fate," to produce known as "force of circumstances,' unexpected incidents which can change a person's whole life, and even their value to mankind.

life.

Three books just published show how this happens in real

Take the case of William Douglas Home, son of the 13th Earl of Home, who tells his own story in his autobiography "Half Term Report" (Longmans, Green and Co., London-15s).

Born into the aristocracy, Home passed through the stages of At Eton, he private tutor, private school, Eton and Oxford University. learnt to hate war. As a member of the College Cadet Corps, he describes his hate as "a rebellious fly in the pseudo-military ointment."

Oxford ine: wed his rebellious put him behind pron bars for

Twice, he was

down" 22H

יו

expeiled) driving brence

"gent a year.

So

was

(temporarily

Nevil Shule. a pioneer in the world of ring, this carved for himself a round career, again much for the man theby force of circumstances. He Now tells of his clugh with fate in It is not really 15 Army had, but rejected. suspended

for the mat the Arms won "Side Rule: the Autobiography that he Daw ไฟ' wondermi at

so Fate forced er in Engineer" (published by admits that * whatever Oxford not have and!

enter which he }{erarring 11, Linh P may have done to my character, him

hart done 191, to prepare me might otherwise have missed for any oteral rb in Fife "

In World War II.

into

George Edwardt is vedy a name to even to young middle- nged day. In the latter part

of the last century and the first) quarter of this century, how-

Ne ever,

Was

engineers.

$13

TRADE and

Shares Continue To Rise

On Stock Exchange

By A Special Correspondent

For the first time probably in months there were no political events or incidents affecting the Hongkong share market this week and it moved on its own merits-quite well, too, for the tone has been firm and share prices continued their steady advance.

The season of interim dividenda has started. There have been five declarations so far (including two yesterday) with at least another four to From these-Diaries, Yaumatis,, Tram- ways and Unions-no surprises are expected but the market is hoping for some further news about this much talked-of new issue by Yaumati.

come.

warg

That

A lot of money has come into Yesterday Cements made

Their

COMMERCE SECTION

Lands'

Interim

At a Board Meeting held yesterday after- noon, directors of the Hongkong Land Invest- ment and Agency Co... Ltd declared an interim dividend of $2.00 per share, less tax, on the 1,000,000 issued shares of the Compẩny, pay- able on September 27. 1954.

NEW YORK

STOCK

MARKET

New York, Aug. . Profi-taking

over

Foreign Investments Favoured In Chile

A decree has been Diario Oficial giving to

Santiago, Aug. 5. published in the Chilean Decree Law No. 437 of February 4, 1954, on capital investment in Chile, It provides that only persons foreign by birth or naturalisation will benefit from the privileges embodied in the law.

In the course of intenting, ex panding Or developing their projects, individunt who in- kreduce capital into Chile mize! | employ methods which lend th stimulate the rountry's 1- dustrial development, or imprve The exploitation of its mineral, | agricultural or forestry a psantes, and improve or expand its mesursi of transport.

Activities which hun to pu duce materials or which the compete

of

Natural Gas

Line

Pipe

has

Ollawa, Aux. 6. Ofeial permission been granted for the con- struction of a $300,000,000 €107.142,857) natural con pipe Une from Alberta lo Eastern Canada, a distance of 2.200 núies. It will be The world's longest pipe linc,

Financing of the line osn now be started. which means it could be finished by late in 1956.

PROVISE GAS of this law

Poreign capital be wight in

the complements,

LEF

..

RUUPANOVI

Breake Turnovers this week have enflenation of the deal follow- |

in lending Harkets without needing special

the State pintection been higher and while there w there was proft-taking and industrials, sharp gains in a which

plakare esentat tri has been a definite expansion the share slipped back 30 cents. good-sized st

of sperial necessary articles which hay of business, it should be MIGHT BE A SALE

issues and the second day thus far had to be impaled at i pointed out that

1of # Rood

3,000,000-shara priers ensentitive with Serenge Market speculation deal-probably half of this there might be a sale if a $to!

17 the volume summed up stock supplies may bent business is the result of inition cash offer is made. The trading today. brokers trading Of their sumours carried the share

Profit-taking, although not e the higest own account.

point for severall concentratest

as ki yesterday, freign exchange. as pip- early sell-off. pied substantial, ment gains in rerint strong usites. row makeals and the Colony Frym lud)-China and | Much of it,

sixth consecutive rise aud Market Bangkok recently.

emmmentators, how-, may be repatriated alle: Dve has been invested in real estate of better production figures and

undoubtedly this is the result

ever, raw nothing alarming in years in anmad du stay not ex-,

20 per cont the selling, terming a normat`cerding but quite f large amount has

volut been

share carnings and hopes of a higher | correction of the king to be ex-vri@mal invested In the

dividend and/or a new Issue

camtal woll peeld at progress in a protracted such Banks are the main This share at $25.10 is also at afvance such as

the one since following pvdiges during い its highest point now for several the Brat the year.

pond of it yenve three features in this week's trading.

Hotel's ears.

White industrials an meonured leny

Actually the share ist shows; by

Dow $1.10 yesterday, Cement's

the

Jonca average a number ant week.

of good rises lis #ive of $2.50 ca the week

were off $1 95, the tabulation of Banks have lezen fris the 1215 stk istes appearing on the tape today strowed 472 higher.

488 lower Aved manufacturing, a recent active trader, rose la patut to E 10% on the day's heaviest turn-

market. interest

There were

a ronewal of interest in Ropestive and sold at $1 885 yester after months of netway. This day, $18 better share climbed 60 ens sesterday's price. The London caninal

than Wedne 1.500!

has I price

day shares.

12

turnover

risen

Hotels moved up on rumours Unions have also been that there had been a sale

be a sale of the

24,000 su. Pedder Street it

WBC about lo

bilhom

fu;

$10

but when 136

this week

OTHER.

..[

Futhern. ! have thei

PRIVILEGES

..

(w) Intrrent and profts earned ITWAY be remitted feels! (11 Now

11X14 thast 1714 V

during the 10-year t Edhisted

not apply to the period will nev canitat, BIKORT State

Wheelocks

the Wheelocks group. over whleh included 226,806, (e) For the purpos

share opening

th:

tax contributions, revalua- tions will be made frain seat to

It will run east Montreal, bringing Alberta gue to communities along route, including Toronto and Ottawa, diversion

Winnipeg United

south from will feed a States market 1a

the Minneapolis area.

World Cotton

Markets

New York, Aug. 5. Cotton natures moved higher moderately active trading

today.

Lumel Realties have rising 25 cents on the week. been the best with Wheelocks

While realising hit some of your it Becordance with the

Prices rose on some covering. aircrafts, Lockheed and Variations may have taken

the private crop WHARVES BETTER

Fene or two others were strong. place in the rate of exchange ting

estimates which are considered Chrysler maved nervously from the date of entry up to to be rather low. Continued Wharves are lightly better throughout the session in anti- the

wat closing of the ac- hot and dry weather over most World Rubber with buyers offering 500 against clpmina of newa in came out of counts corresponding to each of the cotton belt also aided the

Inst Thursday's sale price of $48. a directors' meeting after the registration of capital! ( rise. China Providents are slightly close botter with buyers shortening

Markets

Anished of in

the tap to the sellers bid of The nervousness

$12.80.

Directors halved

Lands slipped back slightly Singapore, Aug. 5. Trade support was poor and by 50 cents but the shure is still

sume fairly firm at $60. after midtay there WAŃ

Utilities heavy liquidation callsing sharp ¦

present a firm picture drop with some trade covering with Tramways up 40 cents on at lower level, Future closinga: the work to $19.00, Youmalis No. 1 rubber per 1b. Aug 071,72, dollar to $148, Lights up 30 close.

Sent 077-673 trut to $16.20 and new Lights. The New York Stock Ex-, ¡he country in my of the afore-

d their interim da

up

com-

Activities in which now capital to $647. is invested will nat be subject At the close, prices ruled 15 was justified. 10 price contul ce regulation, to 20 points higher. Opened i the dividendete, provided that activities at 1*x 6 higher. New Orleans and announerd

sharply lower, a smilar nature alundy futures finished 12 to 16 points for the first half of established in the cruntry were higher. earnings the year.

General Motors rose not so subject at the time the registration of enpital was made. a point on the day.

Rail shares

were frnction elther

side of the previous Interest and profits carned by foreign capital and reinvested in

shel

was mentioned netivities will quality for the privileges mentiied in American Stock Ex- a, b, and e above.

070,000 volum was

Oct 07:073, No. 2 rubber per ib Aug 004-001 No No. 4 Spot rubber "unhaled Blanket crepe.... No. 1 pole erede

615-6015 609-67

up 20 cents to $13

to $13.20. Electries) change are on a adullar to $331. annetinced

$3,820,000.

The

04.0 113+64

change

Dow Jones

NEW YORK MARKET

New York, Aug. 5. Rubber futures closed today 4 to 20 points lower with sales of 97 contracis.

The market declined reflecting

of 70 ents (unchanged) yester

day which cause no surpris. shures, Telephones live improved their position by 23 centa to $27.30. Dairies are

30 centrial.

are up 70 cents & $20.20. were as follows: It is healthy picture in the 20 ade

է

the whole, with utilities offering seven per cent 4 bonds

bulk d

1. The 15 w

as ocks

volume

Trade price fixing and mission house buying continued to encounter only

limited offerings.

The six private crop estimates released so far this week have ranged from a low of 12,000,000 vales to a high of 12,513,000 bales. Tho high, from In certain rasts, the ten-year } **

prominent Mephis spot house, proved of grade may be extended! closing averages

to 20 years, subiret in the ap- still is 24 per cent less than the

previous year

The crop. the

Canmitti e off 347.70 poval of

Government crop estimate will 19.cs, Formign Investirenis.

60.08

released at 11a.m. 1:10 50.

Jaw Londo arki Singapore vields. This is attractive from Com future prave indes

prices. Dealers reported à fair amount of factury interest at the lower levels.

Spot No. 1 Rse quoted at 1314 cents a pound. Future closings:

September December

M

May July Subtember

23.GO 23.80

23.07

23.05

$4.00

24.00

LONDON MARKET

London, Aug. 5, The rubber market again closed easier but quiet. No. 1 Rss spot eased th of a penny tu 20-1/10 pence, being priced at

Furthe

greater part of his on of the greatest te. Slute had been She started to write plays, theatrical manager in London. Britain's

aeronautical Brent became £3 week repertory

On the promise of Helor, a Journalist and then.

Edwarde: was in danger of an order for two aircraft,

company. rather unwillingly, "decided to

becoming a failure; the son none launched his own the Army knew what necept call-up"

to do with, The grow to considerable size, even- solution, decided

uver cmplying un by his tually

1,000 family, was the Army, described people until, in 1988, his fellow Suchy, wan the allitude of the by the novelist, Ursula Bloom, diretors decided that they no rather unelted young or as a helpful institution, in that longer required Shule's services. crat, Then entered "force of ! ***

It accepted

gentlemen youngt en cumstances" to play its unex-

Shute now says that they were who had no idea what they 12-1

In their probably quite right peeled part.

quired for their fulure,

decision. "I would

divide the exccutives of the But Edwardos

falled in senior

world

inta

Apr./Junc two "the explains. man the categories," he

starters

and the runners, the men with a creative Instinct who a new venture and can start the men who can run it to make

profil. They it show d

In the same seldom combined

And

As an officer in the Guards, he had a difference of opinion examination to become an officer, engineering with his Colene), not over the

so became the tactics of warfare but over the treatment

kumanity.

He Army did not want. of could not accept the idea that total war meant total war, even

at the cost, if need be, of civilian

Ilves.

Dreading Rebuke

Dreading the rebuke of his person.

home for

He refused to obey an order, parents, he stayed away from wrote about his refusal to a

ore

20 to 20% pence. Settlement bobre term: Sept. Oct./Dec.

Jan/Mar.

20-20

20-2311

107-20

1978-20

General markets, er bass, norte:

The

are

an investment standpoint.

The market

prusprets good, the money position fairly casy and brokers see no renson why the market should not con- tute its upward run next week.

TODAY'S

SHARE PRICES

19.3/16-10.13/10 (From Our Correspondant}

Aug. Sept.

10.13/16-10.13/10 Ori.

19.5/10-19.13/20 EMale Stepe thin 24 noin.

AMSTERDAM MÄRKET

Amsterdam, Aug. 5. rubber market was qulet. Prices closed today in guliders per kilogram, CIF, Aug. ao follows: "In Airspeed this Company).

No. 1 rubber the starters was weekly newspaper in England the day of reckoning and, as he the Ume for

No. 2 rubber (although

now for the No. rubber knew that had to cat, he took a temporary over and it was writing to the papers was "not jeb us assistant manager adrunners to take over the Com-No. I crepe encouraged by the Army), was touring theatrical company. pany, I was a starter and use- arrested, court martiailed, and sent to prison for a year for Thus, "force of clrcumstances" disobeying a military order. He again lent a hand to alter a dife, was also cashlered,

he well

while to postponie

less as a runa

"There was now, nothing för not because it gave to the London me to start and I was stage one of its most colourful unwilling to es after the first

He was brought from the and lovable charactors of the shock to my pride." European batile men to London's century.

Wormwood Scrubs. Prison 10

scrve the Brst part of his Edwardes has been dead now

sentence, which he later com- pleted in Wakefold Prison, in

Yorkshire.

*

for some years, but that greatest

of all contemporary descriptive

writers, Ursula Bloom, has made So he became a starter again, him live again, in "Curtain Call a starter as a novelist, or really since he had for the Guvnor: a biography of an "improver,"

during his barly days na 'an

George Edwardes" (published written quite a lot on a hobby by Hutchinson, London-16.) engineer, when he sought a Quite apart from the pleasure, free to the intricacies of

to.

101291

bo

Trading

volumes

and open

Capital invested in the form Monday, 182.30 of goods or properly in general,;

that will promote Chilean pro- duction or increase methods of interest in the Exchange today fransport,

--Boited Prest,

CHICAGO GRAIN

MARKET

Chiengo, Aug. 5. Grains were unsettled and mixed on the Board of Trade

todiny, with many dealers show-

to bide thel love a tendancy time until the Government crop report Is published on Tues- day.

at

valume en interess

12,700 100,000

will not quality for were: foregoing privileges and beklers must invest it in the net.

the activities and ker ditions laid down by the Cons- mittee of Foreign Investments July

Month

con-

Deret

10,200

122,200

Mar

10,800 420,300

May

0.700

389,600

7:00

160,700

in each Case, China Special.

Mall

Ocf.

Dee,

Total

New York Sugar Market

2,100

51,300

10.800

$2,500 1,020,700 bales

NEW YORK PRICES

New York, Aug. 5.

cotton futuren

Prices of

closed today as follows:

Spot

35.40m

det.

34.00

Dec.

Mar

May

World No. 4 sugar futures to-

Jul

Dec.

New York, Aug. 5.

All deliveries of wheat al fraded Minneapolis

new months for the season, which provided stimulus to the bread grain futures at Chicago, im- proved domestic demand for day clord one point lower to spring wheat flour, along with one point higher with snics cf Business done on the Hong-estimates for a smaller harvest 60 contracts. kong Stock

bc. Exchange this of spring wheat this year morning amounted to $163,081, cause of curtailed nereage and Noon

off the rise quotations and

the rust, touched

fuiures prices. Another factor morning's transactions:

was Foreign Operation Ad- SHARES BUYERS BELLERS SALES ministration grant to Formosa BANKS

to buy 2,500,000 worth of US HIK Bank XD 1000

bread grains. INSURANCES

1.94 buyers |

1,93 1.BI

2.30 nom.

Union DOCKS, ETC.

0775

1:3

Dock

Provident

United Press.

New York Foreign Exchange

Canada

England-oment

New York, Aug. 4.

201 partomala!

2.16-3.78 30-day futures.. LB1 32/42 30-day futures.. 2.81 11/18 Canyon dollar rates:

Buyers

Beliers Spot: Close $1.571/31 91031/18 1.05 1/32 1.03 1/10 1.03 15/14 1.02 31/39. Futurazo-day. 1.01 10/13 1,02 31/33

high Jow

90-day 1.03 24/32 1.02 26/32 six-menti 1.0335732 10 7/16 Swiss frane:.

K. Whore

(Old)

Wheelock

1070

1 18.301050-1000 47 18.30

LAND,

ETC. HK Stojal

HK-Land Skat Land

Humphreys

$2.50 + 400 @ 12.90 500 12.50

Domestie No. 6 sugar futures

in closed unchanged to off 3 with

sales of 501 contracts.

SNAZZ

NEW ORLEANS PRICES

Now Orleans, Aug. 5.

Prices of cotton futures today closed as follows:

34.50 34.33-33

34.00-80

54.60

*3.09b

LIVERPOOL MARKET

St-Liverpool; - Aug, 0.

Closing prices, Américan mid- dling colton; in pence per: 16.

were as follows:

OM/NO

Spot

awaiting developments conferences aimed at halling the decline in raw prices.

Dealers in the world market

Oct.

from

Dec.

Mar

May

July

Oof.

Wheat closed up % cenis: Boybeans off eight to ten cents a bushel.

Future clesing::

Doc.

Contract No. 4 world

Dept.

3.120

Oct,

. 1.26 7.55 Bop - 740

9.58 1020 500 @ 10.30

At Winnipeg. wheat WHE priced at 163 cents for No. 3 Northern and for No. 5, it wag

Jats.

Mar.

May

July

1000 4050 at 150 cents,

300 10.00

1500 0.90

Closing Pelees

·Open Interest; 3,431

Hept.

2001

Nov.

204) 210-2001

Mar.

May

July

Sept.

Nov.

Spet(rents

Really** UTILITIES

1000 9.05 Pricas per bushel in centa 2000 10.00 | Wheat, No. 2, red.

00 000 10.30 Spol

Sept. 200

1916 19,70 1600 of 19.30 | Déc.

300 19.03 Mar.

213 5000 k tin hay

- Tram KG ..... 19,00 117.00, 1700'₫ 19,50 | Corn, No. 2, yellow.

Star: Terry-

Vinall. Terry.–147 148

Apot 150 Bept.

Light (OS

10 10.20

May

Spot: close

high dow Future: 30-$0

Bantay Markets quiele, United, Press,

C. Light. (N)

13 13.20

1330

Eléctriò Macao Telephone

Coment

$2.00 95

Bend and his

Business acume; aləmin "In the tab.

market Ingʼratari

The chanter. in his book dear to those who never knew him, the slide rule. cribing prison life is sufficient

If "force of circumstances" in itsolt to make the boat worth of being introduced for the first reading. He was certainly im lime

Goorge Edwardes, had not led to Neell Shute mixture of having to leave his aircraft com- pressed by prisons impressed Ursula Bloom'a that it gave him the material on Biographical material with pany, he might never have which to write his most sucess-scenes of life in Edwardes day given to contemporary literature Exchange Rates

after three hours' solid reading "No : 17/2ms (smuined a

ful play, "Now Barrabas,”

is in itself, so enjoyable that such. '..

Douglas Home has now settled and feels that one new George Round the dowas to become one of the most Edwardes and lived in his times personal storygi

Tidra

ara fow better tributes to depoff? akon

pald

popular port,war, playwright. But he would never pays.bern

able to write his masterpiece if that, could bo force of circumstances had not biographer.

"to" u intruding mso

11314 31744-110

Spot-cents per 1b, fqu

Cuba

Contract No.

Deg./Jan.

Mar/Apr.

My/June

July/Aug.

Ofteint prices

for spot cottons,

6.45

Included:

American middling

15/18th Inch 23.03

0.01

11.07 contracts

Mexican middling,

1.53

16-1007

"NY: ex-duty)

Open Yaterest:

United Prete.

London Foreign Exchange

New York Manfroal Amsterdam Hock

·Mark

Hamburg Mockholm Zurion

London Aug. 5.

lash Inch 30.10

„1-1/32nd Inch 21.58

Others were unchanged

SAO PAULO PRICES

Cotton

today' follows: Det. Dec. Mar,

+421 (2,01-11/10-2.0134 | 3756.. -

10.0254-10.024

-20.00×140.0214 (34-8195-14.037

—Unljød' Preš?

Sao Paulo, A Ba futures prices closed cruzeiro

.

(In the United States, the average price of 10/16 middling et 10 delomated spot market was 34.45 cents 'n 'pound, 81 at these centres totalled 16, bales,)-United Pream

May

28.00.