1954-08-18 — Page 9

AUSTRALIA

AMERICA LOOking to the south””

POSED U

CLAIM

ROSS SEA

PALMER

ARCTICA

PRINCESS ELIZABETH

LAND

By

KUIN

Al

5

INDTRY

AND

re/sambal 9414

alkalm

ATLANTIC

LOCEAN

U.S. Belatedly Takes Interest In Claims To Strategic Antarctic

By Sigrid Arne

As far as the record goes the first living human to spot the Antarctic continent was Nathaniel Palmer, American captain of a sealing ship, sailing out of Stonington, Conn., in 1820,

A péninsula reaching up out of the big, white southern- most part of the world toward Argentina is named after Palmer. Three nations claim that peninsula Chile. Britain and Argentina. Palmer was an American, but the United States has made no formal claim on the land.

THE CHINA MAIL, WEDNESDAY, AUGUST 18, 1954. "

West of Palmer Peninsula lies a huge pie-slice-between 90 and 150 degrees West—which has been visited and flown over and photographed by many later Americans, most importantly by Rear Adm. Richard E. Byrd.

But not one single pebble on

or lund that huge slice clained by the

Government either.

ADE

MERCE

Canada's Wheat Surplus

DIVERGENT VIEWS

ABOUT INT'L AGREEMENT

From Norman Crump

Edmonton, Alberta, Aug. 17.

I have just arrived here from Winnipeg, where I have been talking wheat. Both there and in Ottawa I heard divergent views about our decision last year not to sign the International Wheat Agreement. Undoubtedly we caused dis- appointment in some places, but others recognise our point of view. Today, the only possible reflection is that it is all ancient history.

Much more to the point is the present wheat surplus. Rather to my surprise, many Canadians are not greatly worried. The surplus Is the consequence of several successive years' good harvests, and one indifferent' harvest would go some way to restore the equilibrium. Again, wheat is moving into consumers' hands, and, even if we in England did not sign the Agreement, we are certainly buying wheat.

risk

SWEDES LOSE ON HONGKONG

RUSSIAN

1

REAL

Gotchaburz, Auk. 17.

A loss of 250.000 Crowns (£17,241) over orders for the /^15öviet 2 PRIMER caused the`i kalendainy

Joini Kalen company formed by the leading bufident of tle slips in Sweden, the Onical_No-{"" ceiver falu here today.

compard Ltd.

'United

Shuby and

вне

ship:

WAY *formed), in** 1846, to supply 34 fishing vessels to the Soviet Untol for a total cost of 10,000,000, Crowns), (about £689,460). Absolving the

of responsibility buļiders for the bankruptcy the Official Recelver said they had built into the vessels at the Soviet request !! for which the Russians refused to pay for extra equipment.

The Swedish Embassy, 10. Moscow

way

trying LO secure payment from The Soviet orderers, "Machin- Import", the Onelai Re- céløet added.--Reuter.

World Cotton

Markets

This year's harved is a fool a Board hos atinounced an initial Intright inte. the underlying payment to Jarmors uľ 2.40 lies in the rare that the i dollar a bushel, which I am told former always has to get ut is not too bad. A has further havest in before the first teas, sall that.

date tu #l

be Again, rust is prevalent in mu announced Inter, it will accept

New York, Aug 17. quarters, and This may affect delivery of 100 units from each Cotton futures scared gains. the crap. Finally, acreage is farmer, whatever his serenge. A exceeding $1.25 a baje loduy lin: tfunt n

year ago, so that unit equals sither three bushels when

traders again took a GICOS not Took like another bumper

it

The Prane farmer must sell all hay whent .. the Cunedin i Wheat Board, and the "bag pil

on the Winnipeg Grin Exchange is now used for future dealffigs "In ether "grains.

Tis:

World Rubber

Liter

Markets

Singapore, Aug. 17. Rubber fatures :odpy steadied

inclined case selling with sellers reserved.

Fulares closings dère:

No 1 robber per in Sent Ort Nov

No. 4 rubber nos 1, Sept. Na

United States

all the

Adm

announced Byrd

headed's Autarche Association,

He points out that, unlike the Ronne, North Pole, Antarctica is Capt. Finn Ly naval

but who directed an Antarelle ex-mass of foating er

actual continent simigst as big pedition in 1947-48.

us the United States and Europe re-combined.

No. 4

nu

Spor rubber unhaled. Blanket erepe

In

Ho. pale crepe

He recounts;

At this point almost

rest of the Antarctic is claimed cently, in a Cleveland speech, ! that he wen hopes to return to ! seven nations; Br-

the Antarctic, New Zealand, France,

Argentina

Ln, Australia, Norway, 14 Chile

I'

Austeadin lins a

und

{

"It was on the side of onc nuntion range in the Queen

Another bill before Congress Maude mountains, 180 nautical by Sen. Flanders | miles from the pole, that I saw is sponsored permanent (R-VO). Flanders usks that the a vein led with enough coal bar on the white continent, United States y formal claim to supply the whole world,

Chile and Argentine to the area between 80 and 150 have Lases un ringe islanca, France has attempted to set up one. But the United States has never attempted to keep permanent ixire on the land of the penguin.

Lack of action on the part of the United States goes back to 1924, when the State De-

stated partment

10

other

the Wesl degrees American rights be reserved on other portions of the Antarctic Americans have explored,

Ten Trips

The State

Department

on some

cas-on".

1-64) Ampoll

60-80%. 11431

NEW YORK MARKET

Rubber

New York, Aug. 17.

fistures today

13 to 30 points higher with sales

of 20 contracts.

of wheat or eight of outs or five dubious view of the crop pic- of barley ce eve

This is an ture. initial delivery

HEAVY CARRY-OVER

Hot and dry weather over the minin

bell. producing

with Increasing complaints of shey!- This has come at the opening ding and premature opening of

boils, new wheat yetelieve the of the titustrates how heavy the carty

on

next

ས་

STOCK EXCHANGE

(From Our Correspondent)

NEW YORK STOCK OF MARKET

New York, Aug (17./ Stocks moved nhjend new quarter-century highs In early dealings today, erasing final traces of the { recent. 'selling” spree, then promptly turned around and

Business done on the Hong-started down again. kong. Stock Exchange this

morning amounted to $880,335.- Oll shares led the early `adé- 20 Noon qualitions prd the vance and held the best of the

Morting's transactions:

mejor groups by the late scile HWARDS BUYERS BELLENS SALES off.

1 BANKS

FK Bank East Age INSURANCES

Union

Lombard UnderWillets SHIPPING. Waterbost DOCKS, ETC. K Whort

3, 31 ; Provident (0) What Dock LAND, ETC

UK Hotel.. TIK Land Shai Land

מלונות מוT

Rrafty UTILITIKS

3:

Star Ferry

XD

1710 IND

20.10

7415 21.20 21.00

11.00

115 1.70

411713 The selling was touched of!!

| in strela after Repi Emnhuol Celica, Democrzy, New York, sought to block the proposal merger of Bethlehem Stre) Согр and Youngstown Sheet and Tube.

50.00 ***** 100 8

10 10,00 1300

Youngstown slid 14 points to $80% Bethlehem (eli 'T1⁄4 to $77 US Stee! dipped 15

10,50 | polni in $5434.

305, 601) 100 00

10 2.13

Oils, which paced the market 19.20 (8 90 3300 14 10 40

4550 to 30 yesterday and in early dealings

Luday, had closing goins ranging -

a point or around 10 70 200 @ 19.30 Standard Ol (N. J.) Standard inore in

California, Standard of Indianu, Union Oll, and Puro Jou.

132

142 199 200 or 153

CLICK ON) 12.8 13.30 Ekeine

haco Elec Vetegbone INDUSTRIALS

Cerneal Robe STORE ETC

DAN Watson

Youmnntt rooms

LASIK (0) 18.00 1020 2800 2 10.

2016 nov 291% 1 11 10 27 20 2713

Packard hekt

unchanged at 30027402%; Studebaker rose % point to $19% no stockholders of, both companies approved their mer- ger. Lowly Graham Patge

23.40 23.50 1740 25,40 1730

25 60 23.00 1200 # 23.70 1 X 17,43

10017

600

N 19.03

240

1

603

COTTONS

Textile Cor MISCELLANEOUS

Yangtze

Alter

17.00

appearing on blocks as large ab! 16,800 shares, rose 1%. An

teo 1770❘ investment company, it has 12. Considerable interests in the oil?

equipment producing and

in 10.dustry

There were numerous other good gatas at the eluse, and ʼn.. total of 445 Issures were higher ; on the day cut of 1,216 traded, There were 544 declines,

4 221, 4274, 4070 2 413

users to New York Sugar Chrysler roses and General

Government;

Market

No. 4 sugar futuret

Motors 4 point. Goodrich was International Nickõi up nearly

Montgomery point, Ward New York, Aug. 17.

more than 2, Alle- Chalmers nearly 3. to 3 Bond volume on the "Now York Stock Exchange Wan $3,080,000,

The American Stock Exchange

over 15

is, and farmers will still crop estimate may be consider-

wheat have to store

lover untess substantial the ably ground. Murt of them will get rains happen soon. through

without difficulty, for

ས་

Buying was not aggressive, World they have very little mortgage coming in a routine way from closed today unchanged debt. But some of the newer domestic mills, exporters and points higher with sales of 171 farmers may not find things to commission houseR, but sellers eentencts. easy, for they Have not been were even moro enutious in Domestic No G sugar futures here long enough to accumulate] face of the changing crop closed unchanged to 1. point volume was 800,000 shares, Ebvings.

picture.

tower with sales of 234 con- tracts

Dealings were mostly routing between reaners, dealers bad commission houses while the market held generally

Manitoba

being a paroly turning Province. today is far from On the ntrary, Ita Industrial activities are going ahead by lezgs and bounds. Winnipeg is the bellway restre and gateway for the Free Prstie Provinces, Is also thousand miles from

Trading volumes and open in- terests in the Exclinage today

Volume 24.000

to sell goods

Prices of cotton futures today Prairies connot satis!'nctorily closed an follows: de its business. from Toronto.

34.40

raw

unchanged.

DOW JONES AVERAGES

New York, Aug. 17. Dow-Jones closing averages on Wall Street today wereTM follows:-

30 Industrials

20 rails ...

19 uulitin

1.1003 stocks“.

3.1544-bonda

330 Comm. fillure price indi

were: Afentis OM. Dec Mar

Open interest

20.00

37,301

669,400

470,000

May

17,800

410,000

y

0.2400

Future closings were: Contract No. 4 (world)

Oct

3.440

$3,500

Sent,

Dre.

4.700

20,700

Oct.

Total

.. 124,500

1,996,200 holes

Jnn.

Mar.

mention this last point. be- cause any

Drish im which wishes

NEW YORK PRICES

Mny

3.18

July

11

the

New York, Aug. 17.

Spot-icenta per lb. tob Cubaz

3.18

Open Interest: 3,500 contraets.

Contract No. 6

Spot

Sept.

4,50

39.30

closed

spute

are parts. When a

It needs in Winnipeg only its erent,

event, but also arrangements

Ori

31.18

Nov.

5.58

Dry

Mar.

5.42

servicing

Mar.

31.75-70

May

and a depot for

May

July

0.57

24.04

a farmer. for

Jay

Sept.

34.80

Out.

34.19

Nov,

od

frosts

racing against the his

Dru

31,12

Spot-cents per th, clf Ny

get in

ex-duty i

6.50

NEW ORLEANS PRICES

New Orleans, Aug. 17.

Open Interest: 9.900 contracts.

United Press,

Prices of cotton futures today closed as follows:

Spot

34.00

34.17

Joe.

34. Ab

Mar.

34.70

May

July

34.02

Oct.

34.15

Dec.

34.22

Implements;

and

The holiday in Indonesin with pruelty

Sople is

to

of shipment offerings harvest, he cannot wait a week

for u spare port to eùme from! Eastern Canada, if an implement breaks down.

from that ares, and steadier Landon cables, imparted a local tor- stendier tone to the and I have "Other explorers brought back 10 Amerien

initial market.

wvidence that invulusble posits

oil, copper, silver, melybedenum, iron, gold and even uranium lie beneath the age-old ice."

of

de.

the spot

market

"GOON PROSPECTS

remained tull with interest There is a wide and growing restricted because of the strike market in the Prairie Provinces rubber-for British goods. Suggestions

to mo include ruilway material,

hydro-electric equipment, smalf

mators.

form

However,

in

several major manufacturing plants.

has

in

Byrd also claims military Importance for the continent. It be the Panarea Canal shouki knorked out in another world Way. whins travelling be tween Atlanlle und Paclic would have to go around the southern- most tip of South America, AL present the United States had

defences in the

area, ar!

Future closings:

Sept.

92.24

Dec

Nor

23.3

May

23.00

that the bulk of

July

21.03

Skepit.

23.00

population K

on record 10 trips made to the MA Antarctic by Americans:

1820-Captain Palmer,

nations that claims to the six million square miles of the Anturetic continent should be

discovery

-by

canblished only by occupation. 1840--Charles Wilkes,

vessels command of an official US ex- calling by

shore line-the ploring expedition, skirted over Department said was 1,500 miles of coastline in the NOT enough.

Eastern hemisphere.

State

an

The United States hos 1028-Str Hubert Wilkins, that Australian, was the rst mun

from be to see the Autarelic of acroplane, on a fight tuanced now by American citizens.

to

notified other nallons

could perhaps settlement accomplished by a meeting

which the eight nations

feel they have some claim

1

established 1929-Byrd

Lille America and

the Antarctic. There have been base at other suggestions that the In few over the South Pole on a ternational

Justice privately Anunced expedition. Itsien to the claims and allocate the lands.

Court of

Reluctance

1933-30

Lincoln Ellsworth

made

our privately-backed trips, flying inland over great

American ships could fall easy prey to enemy jets and sub- marines which might be based in the Antarctic.

Studebaker-Packard Merger

LONDON MARKET

clecits. watches,1 men's

LIVERPOOL PRICES

Liverpool, Aug. 17. Closing prices,” American mid- suits and overcoats. It is true tiling cotton, 13/20 Inch, in

Cantin

dan pence per lb., were as follows: the East, but the West is growing, and the A survey Americans realise if

Dee/Nov.

31,00

Oce/Jan.

31.85

Mar/Apr.

31.80

May/June

31.49

July/Aust.

31.29

oniclat prices Included:

for apol

cottons.

of market possibilities can be London, Aug. 17. obtained from the Manitoba The rubber market was dull Ministry of Industry and Com- Egypilan Karnok with No. 1 spet Ris quoted atmerce at Winnipeg. 20-1/18 pence por th. Prices:

No. 1 spot Ran Settlement house, tenn: Sept.

Cel

Jan./Mar.

Apr. June

July/Aug.

AUR.

20-2012

1031-20

Another point for British ex-

Giza 30 Argiouni

I

348.37

LONDON SILVER PRICES

London, Aug. 17)*-

The price of silver was quoted / today at 7231 penes (per (118) qunce for spot and 7212 petes for forward, phr fine; durch United Press.

Electric Curtain Is

Hung Round New Cable Ship

London, Aug. 17.

Britain's new cable ship, the 3,300-ton Recorder, most modern in the world, will sail into Food/full/food the Thames this month on her first voyage after one of the biggest money-saving shipbuilding experiments carried out since the war.

415 40.5

nel 347

Muxican middling" 1-1/32nd" parters to watch is the recent growth

102-17 G

in competition fiom

In

# list of

Toronto I was nen-Canadian- factories operating in

SAO PAULO PRICES

Sas Paulo, Aug 17, Prices of cotton futures today

20.70

23.00 21.00

27.60

26.179

1984-19 1016-101 1946-103 Owned General markets, cif basis, ports:

These

a grati closed in cruzeiros per kilo as Include 1054-19-11/10

number of British follows: -1916-19-11210 ving Sept.

ipi4-19-11/18 factories. but also rather mere German factories than I had AMSTERDAM MARKET expected. 1 was also told that!

Amsterdam, Aug: 17, 1- The rubber market was easy

Prices closed today In: gulders per kilogram, CIF, Sept. as follows;

with

com-

Wilmington. Dol,, Aug. 17. Stockholders of Studebaker areas in both hemispheres,

Согр.

overwhelmingly today 1933-35-Byrd led his second approved the merger private expedition.

Puckard to form a new

manufacturing 1939-41-Byrd- was. In charge |tomobile This reluctance on the part an oficial US expedition pony. of the United States has led to of Ecme impatience on the part of which established two bases.

1946-47-Rear Adm. Richard The vote in favour of the American explorers and some

Cruzen was task force merger was 1,020,840 to 20,214. Two H. members

of Congress. attempts

before commander of the Navy's An- It meant that more than two-

development arctic

stock- project, thirds of Studebaker Congress to make

Byrd in local technical holders approved the merger control. This included 13 ships, to form the Studebaker-Packard

are pendin

the United States keeps a big toehold in the Antarcile.

that

with

planes and 4,000 men.

Co. 1947-48-Ronno led an *x-

Sen, Case (R-SD) and Rep. Tollefsen (R-Wash) havo

No, I' rubber

No. 2 rubber No. 3 rubber No. I crepe

1.0 buyer 151 buyer 162 buyara 2.20.buyers Unlied Press.

Under terms of the merger New York Foreign before the Senate pedition, privately financed but

would using some Government equip-plan, Studebaker

twin bill

and the House. They

mont.

to finance a new expedition to hum

stockholders

will get one and one half shares

like to eat aside up to $200,0001048-Cmur. Gerald L. Ket- of 10 par common stock in the 2 government new firm for each share of the prosent Studebaker A/common stock.

between next and May 31, 1958.

the Amarelic

December

This expedition would try to

nall American claims;

ferret

out mineral resources, put but

geodetic control points,

také aerial photos.

and

keeded

expedition.

Why now?

:

Exchange

ELANDA PERLANG Now York Au

Canada

England-oficial

The Studébøker stockholders. meeting here was provides ayar by Paul G. Hoffman, New Zealand

Why now all this interest in Chairman of the board of; té

The bill would turn over both what seems an ley wasteland? company can be ngjash the money and a good deal of government

Aang - Jubunithba

says that after hits four.

approved

as ships, food, camera, touring ppd be la tonyinced the sharehold

and communirallons oquipment bottom of the world is actually announcement to an 'eight-year-old or unlia- a' treasure house of fabulous will be made tion enlled the American ricžas,"

day,

byss. Puckord

પ

unomcial

· 30-day 'futur 30-day futur

while cur goods were often cheaper then - Conadian goods, those

Germany from cheaper still.

were

Mar

May July

She will load cable nt Green- wich before sailing for her base ut Singapore.

CHICAGO GRAIN PRICES

Chicago, Aug. 17. Prices' per bushel Ini centa:

While she was fitting out on the Tyne a curtain of special alloy anodes were hung round her bull to prevent corrosion.

The anodes were placod, at fferent depths at about three the United States, the (In average price of 13/1 middling electric current passed through Wheat, No. 2 ved

to felir feet from the hull. "An cotton at 10 designated spot them to set up a protective markets was not available today.

resistance to corrosion. Sales at these centros totailed 29,871 bales)—United Press.

SEAWAY! Manitoba'an industries will** beneßt greatly when the Si

TO WORK IN PACIFIC

Later the Recorder was dry-

was no sign of corrosion. The

Bpot hull had remained: 'elmon and Sept. smooth...

Dees Mar

Spot Sept. 213(1):-21%(1) Dec, Mar. May

Lawrence seaway is completed, London Foreign docked for examination. There Corn, No. 2. yellow. for this will bring occan-going Vessels

up lo Port Arthur on Lake Superior. At the moment, it koka as I dunculties between the United States "ond

Canada

Exchange

2.81 7/15-2.611 103145-10.61147

OVE the staway will soon be New York London. Aus 17. Irched out. There are, Indeed, MentraANNABETICS

comdeling forces. The Arai Amsterdam Is that shipments from

Labrador t

two

The fans Brussels

of iron ore Perla"

Stockhđim

dor to Sept No have Zesich 1), run. It will be much czy were

tomical to ship them to Prend

uters in the instead of down

and

Nexu

away perhaps in six

15000-130,00

13.1913-12.50.

This method, it is believed, Tany solve a problem costing the Rye shipping industry millions and t nuntly. Hull corrosion shortens D the life of a Kip and reduces p lis entning capacity because it necessitates long spells"

unchanged-Dinted dock?

The Recorder will work in dha,japahit matinadakhir.. Rates of le

Para coring for 20,000 miles | NOVA,

JAN from Colomba to Yane Mar May

wili #include

#bls between{lny/

at a depth of three and a hall miles.

Cloning

Price.

·Härtey, spokpoka Atem MDOPIAI;

“United Press.