1954-08-11 — Page 9

AL

WO

POLIO RATES

PER 100,000 POPULATION

IN THE 18 WEEKS THROUGH JULY 24

04 7020 4 1 10 8.0

AM 2.1 TO 4.0

8.1 AND OVER

WEB!

SIENNA

ORLI

DIXAS

COUNTIES WITH RATES OF 30 AND OVER

SOURCE: NATIONA, POLO FOUNDATION.

AP Newsfoklutt

Polio Off To Fast

Start In

United States

New York, Aug. 10,'"

Despite hope inspired by vaccine trials, polio is starting out at a near record rate this summer as if continuing its long term upwards trend.

During 16 weeks since April 4, the US public health service reports 6,136 cases in the United States-a 24 per cent jump over the 5-year average of 4,920 for the same period, though less than last year's 6,633. In 1952 when the disease eventually reached its all time peak of 57,879, the number at this time was only 5,410.

Virulence

moreover,

of

reported disease, been the

through has been somewhat middle of July, was 280.8.

THE CHINA MAIL, WEDNESDAY, AUGUST 11, 1954.

Nevada the four,

one, Nebraskn Oklahoma

Texas one, one, eleven and Wisconsin one. All

through

TRADE and

Spanish Textile Manufacturers Outspoken

Madrid, Aug. 10. - Disagreement with various aspects of the Government's economic policy was expressed at a gathering of Spanish textile manufacturers held here recently.

It was the first time in some years that the economic policy of the nation has been the subject. of such outspoken discussion.

The Government paid great attention to the meeting, which comprised 1,000 Spanish textile Industrialists.

General Franco

made

the States buys 17 kilogrammes closing speech and three other (about 371⁄2 lba) a year; Britain, Cabinet Ministers, the Ministers | Germany, and Switzerland, over of Commerce and Industry and 8 kilogrammes (nearly 18 lbs): the Secretary General of Italy, 5 kilogrammes (11 lbs);

addressed Falange, also

the and Spain, 24 kilogrammes textile men,

(815.Jbs),

ويد

The textile trade is the big- gel single industry in Spain and employs. If the distribuíloh, tailorlag and retail establish ments

Included, nearly 1,000,000 workers.

ASSEMBLY'S VIEWS

trend The general

of the assembly's views included the following points:

1. A desire to БОС greater priority given to the modernisa

tion of industry in Spain.

MAJOR ISSUES

They asked the Government to suspend bulk purchasing of cotton and to allow the manu facturers to buy the qualities suited to their needs.

Spanish economists followed the debates with interest be-

raised cause the major issues affect the nation's future.

Some economists argue That

new industrialisation and | modernization of the established

2. Agricultural prices should industries must be the overrid-

be such that the farming class | ing general foundation of Span-

MIERCE

Singapore Tin Market

'.

BingkÞord, “Aus-10./

Tin took a sharp drop in the week's trading here punctuated with big fuctuation, according to Le market

net

Btraits Inesow by the lon for the tant work was $7.50 (Malayan dollar).⠀

One

· Bourco said the sharp drop at the end of the week was due to thờ desire by sellers to set rid of Recumulated stocka carried over each day nincs the two days when the market closed For the August bank holiday. United Press.

HONGKONG STOCK EXCHANGE

(From Our Correspondent)

Business done on the Tong- kong Stock Exchotige til morning amounted to $788,249.- 40, Noon quotations and the morning's transactions:

SHARES BUYERS SELLENA SALES BANKS

1689 1003

HK Bonk INSURANCES

Union

11 a 1600

Fez pas ade 100 ₫ 185 Underwriter 15

SHIPPING

Waterheat

All Nav

bluKB, ETC.

K. Whart. 20% Dock

18.46 Provident (0) 12.90 That Dock

has a stable and increased Ish economic polley at present..

power of purchase.

3. The money In circulation should be adequate to the needs of the nation.

The delegates paid most at tention to the urgent need to enable farmers to buy clothing

of The principal conclusion the assembly read:

"Industry, and particularly textile industry, cannot have a stable basis and develop satisfactorily unless the agri- cultural class has a high stand- ard of living."

The

alms are

short-

Other economists accept 11ຕ Government's policy of fighting high prices, keeping down note circulation, and giving the peseta a stable value. These deny their opponents' arguments that these sighted.

The textile industrialista showed themselves to be pre- ponderantly on the side of the first group-China Mall Special,

UK Hotel

Buying Strike In Britain

Hits Australia

London, Aug. 10.

A "buying strike" by the British housewife has caused a crisis in one of Australia's biggest primary industries-dried fruit. Since the British Ministry of Food decontrolled dried fruit Australian growers have been left with a £2,000,000 surplus on their hands. There is unem ployment in some fruit-growing districts.

In an attempt to win back the market, a big advertising and publialty campaign "A" being launched in Britain, notarvi

But trade experts in Australia say that high prices are le mala obstacle to be overcome and they gave a warning that other export products face a similar problem,

Already signs of "consumer resistance" to butter and meat, following their derailoning, art evident.

NEW YORK STOCK

MARKET

New York, Aug. 10. Stocks in strong and active session today recovered more than one-tha of, the $3,000,- 000,000 loss suffered on profit taking in the past four lon

TOO MANY HOLIDAYS'..

Businessmen here warn that unless Australia can meet the competition 1 prices Ord her country will not only find

Leading Industrials the air- protent markets drying up, but crafts, steels, motors, oliki the great potential markels 111 some metals, and, u host of Asla will be lost,

special. Lancs - and a large

20.48 1700 20.20

A that

13 (600 133

12.00 134

い

leading woolbroker said group of rails roer a point ta and more than 3 points in a vigorous

Excessive

public

annual holidaye were helping to renewal of tho advance in pre

cfgress since last September. price Australian goods cut

world markets.

Trading was active on the up-t They cost Industry £75 mil- lion a year and added more to aide, falling only a bit short of production costs than in any the, 3,000,000-share totain pilet other country in the world, he up in the three sessions of heavy- selling Just week, Volume amounted to 2,000,000 hores, compared with 2,200,000 yöaler- day.

..10.40 1015 500 o 18.50 100 ir 10% 1000 u 10,40 1000 10,50 fol. Humphreys 10.35 1934 1000 10.40 Reality 220 2.10 2.10 4665 g 22.10 UTILITIES

IK Laid

300 ** 149

Trains RB 10.00 10.00 Yaumail Ferry : 146 C. Light (9) 18,00 C. Light (N) 12.86 Flectric

8600 19.90

.... 29

2300

21.30

INDUSTRIALS

Cement To STORES, ETC.

Dalty WALION

higher than last year, with Alabama had three counties were figured on the basis of

cases making up 564 | with paralytic

a rate of 20 or

Telephone more, state health department reports Florkla

the Foundation reported California

ntite, to cent of those per

Louisiana three, Mississippi July 15, against 40.3 per cent in 1953.

The situations is no serious that the National Polio Founda- tion впул it will not be able with funds at hand to provide

for

inflicted whils the for an expensive pre-

care

paying

vention programme. It is going

to put on a special funds drive.

FRACTION

There is no way of telling ne ye what the effect of the trial inoculations has been.

Vaccine

developed by Dr Jonna E. Snik why administered 10 several lundred thousand children

in

The

Sweetness

Has From

Gone Turkey

Ankara, Aug. 10.

Much of the sweetness has gone from life for many parts of the country this Turks living in Istanbul and Ankara. spring. Yet the number was ko

a fraction of the general

says

smailon

Dr

John

Turkey's two biggest towns Gorrell of the Foundation, that from an acute sugar shortage.

even

If the inoculations were

per cent successful they raghi have little effect

sthie and general

of

For reasons unknown,

are suffering

hand in

to

were Cover.

BAD CROPS The Minister of Commerce, Don Manuel Arburua, told the assembly that bad crops had hif power of the the purchasing farmer.

London Foreign Exchange

Now Yerk The poor crops of 1853 may

Montreal well have reduced the purchas Amsterdam ing power of the country people asked Mark by from 9,000 to 10,000 million Hamburg

Brussels (£80,000,000 to £90,- Pels pesetas 000,000)," "he declared.

Stockholm

The toxille manufacturers Zurich

Others circulated figures showing how Prest little money Spaniards pend on clothing. Listing the clothing purchased each year, by weight, the population,

United

they revealed that, per head of

the

Singapore Rubber Market

Were

London, Aug, 10.

231-2.01 2.13 2.732 10.01.10.02 122-12 5/18

·31.71-11.71% 149,02-140.021 1839-0021

unchanged.United

London Metal Prices

World

Markets

Cotton

Measured by the Dow-Jones, averages, the gain for the market as a whole was the best in more than a month. It added more, Athon $1,000,000,000 to the mare ket value of ail Usted stocks

24.00 24.9) 1900 @ 34.70

-New York; ADE. 20. 15.26

Cotton futures were conler in

Aircraft shares, Consistent strong spots In recent sésalons "BILL 29RS** YOU 15.mai moderate dealings, today.

2000 2311 Nearby October and Deccni despite the general selling, paced ber rallied sightly in the lost today's advance. Gains for ond

or two

of the lenders were and at the "Telose" přicos (9) Cour 7.10 2600 7.10 ruled 1 point higher to 5 points

shaved mild realising, but

by New Orleans lower,

ns, Douglas and Bendix Onished with gains of Initial prices Were "up"8 to points: Lockheed and Glenn of 2 points as foreign and Martin' with 2 points each and domestic price xing offset North American Aviation withe

Crawford 23.00 COTTONS

Textile Corp MISCELLANEOUS

Yangimis Allied

New

6.70 4.073)

1500 4.10 finished 1 to 3 pointures issues such

York Sugar moderate hedging. Prices de 2-point rise.

Market

clined later en further Equida- tion.

Dealers reported

rather limited domana, Scale-down

Steel shares were prong J Egthichem resea ́ ́ point, mixt Youngstown Sheet & Tube 1%%%% New York, Aug 10. World No 4 sugar futures to-buying by mills axed prices, ex-dividend as offenle an Some inter-market straddling bunced they will make tours day closed 1 point higher to 2

between New York and New!

of both companies plants, re points lower with sules of 80

newing Orleans was reported, with the

merger toik. contracts.

Chrysler, whose lower earne

Domestic No 6 sugor futures pressure on New Oricans.inge and dividend it. Inst

weather report

for

covered 1/2 points of its recent,

The weekly closed 2 points lower to 1 point higher with sales of 218 con- from Washington of continued weak provided this excitie

hoi, dry and sunny weather profit-taking which market me tracts.

as a little less felt was long overdue, te London, Aug. 10.

The

market WOL influenced was regarded Tin and zine were steadier by the upturn

In the spot favourable than expected but it There today while lead was Arm. market.

was elso ex is not yet a market factor.

Trading votumes and open Prices closed today in sterling | pretation of an improvement in per long ton as follows:

the raw price. Future closings: interests in the Exchange todas | Contract No 1 (world);

Sept

Singapore, Aug.. 10. The market agalu sakred

Tiu #pot Towards throughout the day.

3-month the close, however, there was Cepper spot little overseas support which 3-month

Aug. Oct Zinc Aur Oct.

Just halted the decline. Futura Lend

normal closing#:

They then spread rumours

The Turk has a sweet tooth, and it hits him on very hard to have to put less sugar in the count- averages less cups of coffee and tea which he drinks every When all the figures are in, a research team at the University day.

Michigan School of Public

So for the Health will evaluate the effects

confectioners' į stocks. Meantime the shops

still of the vaccine.

well-stocked | enough are Foundation is hazarding no with the sticky pastries swim- demand,

ming in syrup of which Turks Bucks.

But shop-bought Bre so fond. the sweetmeats are expensive, and that suger was scarce, lending pollo curve has been mounting | housewives

thesome housewives to hoard it cannot apare

set out 10 corner the through the years even as re-sugar to make sweets at home. and searchers have developed

market themselves. new One desperate Istanbul techniques and medicines.

sident ordered ten cups of the on

When these tactics Inevitably the

ferry-boat which connects the It's an unpredictable disease, European

resulted In the disappearance with the Asiatic of sugar from the shops, they however, and the trend

Inshore He left

the leau began

OL to sell their stocks dicated by figures for the 10 touched, but carefully pocket exorbitant prices. week period may not necessarily ed the twenty lumps of sugar, be bons cut during the rest of two from cach cup, which had

The opposition put the whole the year. For instance, after thus COSL

two Turkish

thing down to government the fast start last year, the total pounds (about Ave shillings Inefficiency,

and sugar became case load reached only 35,908,

as against the fiva-year averagh of 30,618.

WORST TIME ·

The time of wors!

him

sterling),

Is Just starting. A peak usually newspaper

la reached in August or Sep-quick to seize on the paradox.

tember.

Ono caricature showed

a

No, I rubber per ib. Aug. G0%-003%

Sept.- 0022-0?

Oct, 00-07 ! |

No. 2 rubber nor ib. Aug. 301-06 No. 5 rubber per ib. Aug. 631-60 No. rubber per ib. Aug. 0112-8011 Spot rubber unbated

.... GO-0 Blanket crepa

No. 1 pale crope

NEW YORK MARKET

New York, Aug. 10. Tubber futures today closed 0 to 20 points lower with sales of 190 contracts.

buyers

zellery

..731

2294

7311

Oct.

72074

Jail.

23332

ACK

Volume Open interest

40,000 204.500

lasses and helped boister prices elstwhere,

Ralls, firm all day, spurted

near the close and finished with | ghins of a

or maris point, Seaboard Air Line, Santa Fe Atlantic Coast Lane, flock Island, Hinois Central, Kansas Southern, Southern Paclic. Among the few wide losets

offe

City

1.015,200 bales,was Phinix Hosio ITON"

NEW YORK PRICES IN

were!

3.17

Morth

3.10

Oct.

1.0

Dec.

75,200

A37,300

3.16.

Afar.

83,000

447.406

May

3.19.23-

May

02,000

July

spot-teenus per lu. fob

Cuba)

-Unlied Pres.

3.10

......... 3.20 Open interest: 3310 contracte Contract No. G

July

14,000

10.100

Oct

Dee.

Toul

3,000 238.400

21,600

Sept.

5.00

Nov.

6.81.

Mar.

5.43

May

.0.48

July

037

Segl.

-6.51

Spot

Nov

5.01

Spot-icents per 1b eit NY

ex-duty)

ઇન

Dec

5.51

Mar.

May

Jiy

Oct.

DBC:

New York Metal

Futures

Open interest: 132 contracts, Unlied Preps. New York, Aug. 10. Prices of metal futures today

cents per lb. closed in follows:

The market was very dull as buyers were holding off on ae count of the possible Firestone strike coming off on Friday.

Spot No. 1 Has were quoted

Leed

Aug.

Sept.

Tit

Zinc

Aug

Sept.

AUX.

Bept.

Copper Aug.

Sept.

#ept,

Mer.

May

London, Aug. 10. - The rubber market was very 1. Rasapot

a big political issue. The sugar The shortage first hit istanbul shortage pushed all other nowa in the middle of May, during out of the newspaper headlines, off 14 at 221⁄2 nominal. Future the Moslem fasting month of and a flood of mugar jokes, closinge: Ramaden.

bil, naturally, rather bitter- The holiday which ends Ramadan is called the sugar began to go the rounds,

And Istanbul's wilty infection feast"

ARRESTS cartoonists were

speculators Bapt. Some

alleged were arrested,

black JOKES

and market suger stocks confiscated. The Foundation's director of

But all the Turk outside the statistical services,

Arnold tourist walking along a row of grocery store knew was that be Skinner, Agures that the case shops displaying signs: "ghoker could" will und no

surmeateasy with No.

had quoted at 20% pence per lb. rato per 100,000 of population yok” ("sugar there is none) unless his local growt

Prices in the 10-week period 11s dying!

"Now. I see why some to sell to regular custora- your was 3.0, against the five- the Turks have a feast when ers, unofficially endowed to one No. 1 spot Ran ...... 20-2014 your average of 3.2, last year they

can get hold of some kilogramme (3.2 lbs) per head, stilement house term: rate of 1.4 for the same period, | augny,”20

Feeling ran high in the long and the 1952 rate of 26.

The government announced queue which formed autalde that:

thers ware sufficient slooks the shop of any grocer The rates of 16.1 enses per

and blamed the had sugar. 100,000 populhilon already re- rum,

Angry housewives - in ported this year in Wyoming, shortage on two causca: first, tiáo in mugar the thorthous 50 In Nevada, 14. In

consumption, with which even qubue beat up, a.. stranger

Who I tho, naléhbourhood, the greatly increased, produc- high, but in 1958 Tea had a ton the hot been abl 416 Reap hopefully Jelbed the line Ora 6 fight now" of 18.9. it in pace kind second prculation Sugar factories, went into #normal, says "Dr Gorrell,

and mountain by Black Marketeerde production parler charge Gal to: An early start,

-arid" 32.7 in Texas, sro, umikotida

Who

Markets, elf barta

one Sept.

.10. || katáta "creps, think

Az

are New York Foreign

Exchange

points on dividend

Out of 1,198 Issues # only 221 lower while

New York, Aug. 10.

·Prices of coizon futuros, today | higher. cloted be followi: Jake

35.45

4,00

54.10

34.02-03

-3643

-83.54

33.65

NEW ORLEANS PRICES-

13.046

New Orleans, Aug. 10,

13.30

Prices of cotton

futures to

day closed as follows:

03.246

9.836

Apot

33.48

New York, Aug. 10.

Oci.

то

29.10b

Cahada England-official

$1.0315

Dec.

34.21

2.81 9/10

unofficial JU-day futures, 90-day futures.

2,70-2.78

Mar.

2010/18

May

281 17/31

July

Oct.

Dec,

34.45-97 39.647-

$2,50

2.02

29.30b

inted Pro.

Lloyds Bank Deal

London, Aug. 10.

and Lloyds Bank Limited the National Provincial Bank that they Limited announced entered into agreement where

Ba_from January 1, 1955,

Australia Bouth Africa.

Canadian döller rate

Spot: close

Seller

1.0311

.1.03.

Buy

31051/50

high

1.03 1/10 1.03 1/18

1,00

10231/33 1.07 1/32 10124/33 1.0213/31 1.02

Low Tuture!

Jutkay '90-days.

United Press.

Lloyds Bank will acquire the Exchange Rates

National Provincial

Bank's

holding of shares in Lloyds and the National Provincial Foreign Bank Limited."

16.48

1950

the local Business was done in

exchange market him! na morning at the following rates: 1.3. dollar (per #11 Starting notes (per 11 The foreign bánk will there. Indonesian rupiah (per 100) upon, becomes, a wholly owned Flements per 100)

Bingapore (Biroite) mubsidiary of Lloyds-uns the indo-China Disastres - (per: 1001 title of the bank, will

OUTPUT

Tractor

LIVERPOOL MARKET

- Liverpool) Auz.-10.

prieds, American Closing middling cotton, 15/16 inch, thi pence per Iba were his follows:

31.72

31.80

Boeing,

trudod 703,

ore

a recent Invourli the most nelive, Ismuo, up

sharply at one time. It closed unchanged on fate realming, The New York Stock change bond volume was $320,000.

The

American

Stock

chango Volume și wax (700,000

shares.

"Dow Jones closing

were:-)

30.industriala

id:utilities.

ind #tocka 40. Bonds

Comm. future price. Index

CHICAGO GRAIN #PRICES

Chiengo, Aug:10:

Prices per bushel in cents: 31,43 Wheat. No. 1, rad

Dec./Jan

Mar/Apr.

May/June

July/Aug.

Omele prices for spot

cottons, a

American miduling

10/10th Inch 23.50 corn

3414 inch 20,34

Others were 'unchanged ;","

SAO PAULO PRICES

.... End Paulo Aug 19 Prices of cotton, futures today closed in cruzeiros per kilone follows::

county