1954-09-15 — Page 9

CHINESE VOTE IN GENERAL ELECTION

The votes are counted at the Peking Municipal Congress which unanimously elected Mao Tse-tung; Liu Shao-chi and Chou En-lal-Express Photo.

German Parachute School May Be Opened Shortly

By A Special Correspondent

Muelheim, Ruhr, Sept. 14.

THE CHINA_MAIL, WEDNESDAY, SEPTEMBER 16, 1954,

The first West German parachute jumping school since World War II is likely to be opened here soon by a 34-year-old former Messerschmidt test pilot, Heinz Cirnth.

Herr Girnth, who is now a salesman, flew in Goering's air force. He hopes to get Allied permission to resume the jumping which he did professionally before the war,

ԱՐ

by the pilot, without

TRADE

angel

FEDERATION RICE CONTROL

Malaya Official Replies To The Economist

London, Sept. 14, .

The Economist has published a letter from Mr O. A. Spencer, member for economic affairs in the Federation of Malaya Administration, referring to "important omissions and misstate- ments of fact" in a recent article on Malaya's rice on August 28.

Mr Spencer said it was incorrect to say, as the Economist did, that the Malayan Government had a monopoly of rice but tolerated a small 'Frce market.

He went on: "The Federation, now grows more than 50 per cent of its rice requirements and the grower is free to dispose of this as he likes best (excepting to the terrorists of course).

COMMERCE SECTION

NO INCREASE IN SYNTHETIC RUBBER PRICE

Washington, sept, 14. Administrator Lawrensa D, Robbins of the Federal Follities Corporation said today that no price rise in contemplated in the price of synthetic rubber,

The

Federal Facilities

Corporation is the succes sor to the Reconstruction Finance Corporation In

handling aynhelle rubber programmes and pricing for the Government.

→ Asked to comment on New York market rumaury that a synthetle rubber price. rice

Imminent,

Mr Robbins told the United Press: "No rise is .CON- templated."

HONGKONG

STOCK EXCHANGE

In addition there have usually and how it should return the been substantial quantities of import trade in rice entirely to (From Our Correspondent) "free" rico Imported under private hands. Your article licence, so that Government does not mention the Arst,

Business done on the Hong- sates of rice have been between although (unless

Stock the Govern kong

Exchange this 30 and 10 per sent of the rive ment is to face unlimited sub- morning amounted to $340,710. moving into consumption.

sidies)

It must have obvious Noon quotations and the implications at a time of failing external

for Import policy morning's transactions: prices for rice. The other two problems are criticised rather ihan discussed from both points ef view. Thus you dismiss the reserve stock because it 'could only postpone the crisis by a matter of months.'

Thus in fact the 'free market has been secounting for between three-fifths and two-thirds of the consumption.

re:

"The real questions facing the Federation Government Firul, whether 10 keep ti guaranteed minimum price for the local

Krower;

second; whether to continue to hoki n reserve stock; and third, when

World Rubber

Markets

SHARES DUYERS SELLERS SALES BANKS

BK. Dank .. 1710 1720 Enst Asta

190 INSURANCES

10 a 178

Union

DOO DO

Underwriter

7.53

Provident (0) 14.50 141 1000

Wheelock

22.00

7.00 7.50

DOCKS, ETC.

Dock

LAND, ETC.

itx Hotel

TIC

Land

101

101⁄2 10.70 1800

2800 or 10.dě

47

70.00 .2.0719 2.15 ...... 10.40 LB.70

CRITICAL MONTHS "But these months (and they would be probably more than your article would imply) would be critical unes and would give Humphreys the

Renky time government

to (1) UTILITIES control organise

of the local

TYK crup and rope it into the ration- ing scheme and, (2) seek out- Fide aid in the form of rice from more distant sources supply perhaps even the re- storation of IEFC.

Singapore, Sept. 14. The market opened steady en good receptance from overscas. There woa trade support but

and selling The profit-taking essed prices fowards the close.

Future closings were:

later in flew the first German turbine-

WH

by

A fair-haired milling snan uf; He needed his parachute three, sengers, medium height, he wants his or har mes during the war the need to frighten passengers parachuting to serve only peace when his fighter was shot down. by first making them buckle on Iul purposes and sport.

His experience includes a period parachutes. Sitting in his small modernas lying Instructor and he also

He la

In particularly enthusiastic fat in

back-street block

about a new type of triangular this grimy Industrial town. he

engined plane, the Messersch- parachute which told me that he

WON partly no interested mid: 202 just before the end of developed in Germany of the in military affairs. have had the way.

me of the war. end All of that."

It has since added

He has regained his interna-been completed

himself and emphatically

tional plot's licence since the a friend who have hud 132 written -]

is one of the though he had 10. Ko to world's veteran quiries from

parachutists, young people who Italy to do it, since Germans Richard Kohnke. Kohnke, who want to

including we are still effietally forbidden lives near Heidelberg. Jump.

has made Frenchmen

Cunaction y powered and one

mchines in Wer 302 parachute descents. the Best Canadian Infanta 11om Brigade group stationed at Soral,

Herr Girnth believes modan near the Ruhr.

We have

gliders are very good but that good wishes sent to us from at!

measures taken are far afield us the sports

Many of the glide. very proer. pilots "are completely clucices, and cannot even bale oul on a argune the jumps at Muelheim- Essen auport, and that he had parchute rrents helped ta Jump

had

Germany.

Jumpers of New Zeal Purne butele safety

Merr Grath.

who wants

organise the

West

of the Best German to urej a parachute deliberalety in Germany smer the war. Herr Herbert Immiendort, ot

Cologne, a prospective of the Ghanth "ircus.

He was

trom bired aueraft on July 11 this year, and "it went

T

Could Have Been

mitted

Saved

|

The parachute is made of top quality perion and is generally langular in shape, but retains the usual ribbed pattern of the classle sound parachute. The

new one has no hole in the centre of the top, as the old ones have

The new

quipment has still to be fully tested and licensed in West Germany-Herr Girntly latends to do some of the test Jumps himself.

is also Intended to display it to the He recalled that in several North Atlantic Treaty authorities gliding accidents at West Ge - when it is ready. many recently-gliding is per- Herr Kahale. wire produces

by the All-some about 200 people could easily have been at his works

of these parachutes, paved if they hail parachutes and went with a team to Spain last near Heidelberg, had known how to use them. Jun to display then. He sells

He also believes that

that it must his entire production to Spain, be possible to use parachutes in Egypt, anal Sweden. passenger planes. says, is that passengers, at the claim that

The snap, he Herr Girnth and his friends the new parachute very sight f parachute, tend

aimort no jesic as it unfolds, to become panicky and fear that that its Innding, speed is con- something has gone wrong.

siderably lower than that of the Some way should be found, he old paracinutes, and, that it is perzchule falls it is always the believes, for parachut to be completely free of sway, even in man's fauil,

built into the seats of the pas-high wind, thus enabling the parachute's."

sengers, which could then be parachutists to make an upright ejected, complete with pas-landing-China Mail Special.

West

of perfectly. Nor trundle at all

Immendorf had accused a kperint

Allied licence 10 Jump, fer parachuting has been forbid- den be the Allies £2 Germun since the war.

Herr Grath is now organising first perachute packing cotirse—"'ens of the most im- portant things for a parachutis!.

exceedingly rarely,

Ir,

never

LI

the

He has been promised help by somt old fighter pilat friends! In running his school and flying| the planes.

He has also had a “hopeful”. reply from the German Red Cress to his suggestion that hel should train doctors and nurses: in parachuting for use in moun- tain, flood or other rescue opera- Lions.

There has been some Ger- man parachuting

all of it abroad,

already, but Herr Ginth

says. Ho has every intention ot training a team to take part in

the 1965 world parachuting

hus

Build New Towns

For London

In The Empire

London, Sept. 14.

London's New Towns designed by the championships, and he will take Socialist Government to ease London's population

part himself.

He all intends to become a

team at Farnborough, England,

problems

No. 1 rubber per lb. Sept. 10%-70%

Oct, 101-10 Nov. unquoted 001-7011

No. 2 rubber per lb. Sept, No. 3

po rubber ́unbaled No. 4

Blanket crepe

No. 1 pale crede

of

"You say that the rice position 'has steadily Improved since the winding up of IEFC in 1948. facts are that it

got steadily worse from 1050 1932-frem a consumer angle- reaching fantastic with prices fevels.

Yaumati Ferry 183

C. Light (0) 10.30 15.00 C. Light IN) 12.30 12.70 Eleveld XD, DEK Telephone

22

2015

Ecuador The Main

Buyer Of Canadian Wheat

Winnipeg, Sept. 14.

Canadian sales under the International Wheat Agreement totalled 3,841,000 bushels in the week ending September 7, with Ecuador, Germany and the Netherlands the biggest buyers.

The Canadian Wheat Board reports

that Ecuador Bought 098,000 bushols during the week, Germany 393,000 bushels and the Netherlands 377,000 bushels.

Other big buyers during the period included Japhn, 323,000 bushels; Belgium, 321,000 bushels: Yugoslavin, 319,000 bushels; Philippines, 191,000 bushels; and Venezuela, 83,000 bushels.

Germany, South Africa and Japan were Canada's chief cur- tomers so far this crop year however, having bought 8,400,- 000, 6,000,000 Brai 4,350,000 bushels respectively.

AUSTRALIAN WHEAT

NEW YORK STOCK MARKET

New York, Sopt. 14. Stocks in the New York Exchange advanced today with industrial shares closed

in new high ground despite late profit-taking.

to

Industrials, with gains ranging more than points In humerous special Issues

م

Its best market in India, where Australian whent was anding sales to September 3 totalled averaged 80 centa. higher, their 4,107,000 bushels, the Board re- best since Oct. 11, 1920. ported, Brazil was the biggest

Utilities were 23 cents up_on; buyers of United States whent with purchases through Septem-average and rolls were a fow ber 3 totalling 7,380,000 bushels. 2,100,000 sharey compared with. ocnts tower. Volume totalled

Other countries buying 2,000,000 yesterday. Canadian whent during the

In the olls, 24.30 Costa Rica, Cuba, Dominican NeN. J. gained point, Westing

week ending September 1 were

high-prince Amerada rose 14. Standard aft public. Hahl, Ireland, Nicaragua house Electric responded to an and Panama, all buying Tesa

optimistic report by its President than 20,000 bushels ench.--- United Press.

yesterday with a gain of s paint, Steels were easier.

The New York Stock EX- change bood volume WAS $3,021,000.

100 € 10.30

500 15.00

632 ₫ 2015 21.30 27.00 500 2015

400

INDUSTRIALS

Cement

STORES, ETC.

Delty

..... 24.70

25

300

15

7.10

Chicago Grain Market

Chicago, Sep, 14. Rye futures led a rally in, the 1000 € 27.40 groin list on the Board of Trade but

the trend. 2440 today,

whe Market 24.60 irregular at the close,

observers' said that strength `in-

24.70

500 ₫ 24.80 the rye market both at Chicago Watson

.... 17.00 COTTONS.

and Winnipeg, reflected buying Textile Corp.

by traders who expect. Western Nanyang 15.20 10.40 2000 10.40 Germany to buy about four-

$250 10.20 million bushels of North Ameri MISCELLANEOUS

Half of 407 4.10 4000 ₫ 4.05 con rye on Thursday.

the order is scheduled to go to the United States and half Canada,

-60% 671-60 09-09%

"AJI the principal Asinn countries were scrambling

to

buy rice on government

to

Allied

07-0715

70-80

NEW YORK Futures today closed 6 to 18 points lower with sales of 20 contracts.

of

government contracts, and what was left over bath in Southeast

Asia and in other parts of the London Foreign

world, fetched even prices still.

ONE TENTH

bigher

"Since Washington denial of remours

the Federallan's im- Increase in port account for less than one an impending the Government's price for tenth of the world's export synthetic rubber and lower surplus, the abstention of the primary

market

Government from cables do- Federation termical market these official contracts could not minated the

have broken the sellers' market; action.

Ita it would merely have left

to merchants (and consumers) pay through the nose.

*་

am

also

by your puzzled reference to the cost of special

The spot market ruled quiet and steady with No. 1 spot Res quoted at 24 cents a pound. Future closings:

Dcc.

Mar,

May

July

Seni.

Dec.

LONDON

Exchange

New York

London, Sept. 14

2.0015-2800/16

Montreal Amsterdam

locked Mark

2.30 3/10.-2.72V, JOAL -10.81% 11-11 13/10

Tromburg

Copenhagen

PATIS

0784-0783

Blockholm

14.4792-14,48

Zurich

12.20-12.2012

Others were unchanged,

United Press.

11.731-11,73 19.4116-19.42

fees and licences to say nothing New York Foreign

of a touch of corruption,

"The free market is largely

ог

Exchange

rest, there are no licence special feca for import of any England-official The market was quiet but significance. As for corruption, steady with No. 1 spol Res there was an integrity commis-

20% pence

per Ib. sion in active session that would South Africa quoted at

have Prices:

welcomed any information Holland..

Others you or anyone else could, give Press. No. 1, not RAB

2014-27 them. Selitement house term: Oct.

Your endorsement, admitted- 202-2016 2014-2016 ly rather half-heartedly of the argument that the Government 2011-201

because 2012-201 sticks to rico

Oct./Dec.

Jan./Mar.

Apr./June

July/6ept.

Bept.

Oct. Nev. Extato crepe thin

The American Stock Exchange volumo Was 640,000 shares.---- United PresE.

World Cotton Markets

New York, Sept. 14. at the close today to climax an Cotton prices rallied spiritedly, to otherwise

Dession.

quiet and

thought

mixed

Brazil is duo in the North Closing around the highs the American market on Friday for list finished net unchanged, to about four-million bushels of up. 21 points. The market

from the wheat, half

United opened off 2 to 7 points. Now

Orleans closed unchanged to up States and half from Canada,

20 politi, Brazil is negotiating today for Technician's

the 3,730,000 bushels of US hard markets internal situation had winter wheat in exchange for been

by the three strategie materials for tho | decline of around $2 a bale

week's low Government crop Favourable crop prospects for estimate. corn, oats and soybeans

Conversely, buyers were slow tinued to depress these markets. to fellow advances above the Wheat closed off to up previous close, pointing out scybeans of 5% to up 1% that the

strengthened

US Atomic Energy Commission. from the highs made after last

cents.

con-

At Winnipeg.

was whent priced at 102

cents for No. 3, Northern, and for No. 5, It was at 150 cents per bushef.

CHICAGO ORAIN PRICES

sepson of heavy marketing looms directly ahead and they preferred to see how cotton goes under the much loan and what percentage flows into the "free" market

Trading volumes.

and open interest in the Exchange today

were: .

24.03 24.70

24.78

24.75

24.30

24.00

the local crop which is hardly subject to control and, for the

New York, Bent. 14.

7.80% unofficial

3.00-1.71 30-day futures 50-day futures 2,001

2441

wero

unchanged-United

Chiengo, Sept. 14. Prices per bushel in cents:

Month

Closing

DCL.

Volume 32,100

Open Interest

(103,300

Dec.

57.500

Prices

MOT.

24.000

Wheat, No. 2, red

May

30.000

Spot

217n

10,300

224,200

LONDON WOOL TOPS MARKET

Bept.

21476

Oct.

Dec.

Mar.

Totol

283,300

2,500,038 bafem

May

21034-4%

July

London, Sept. 14. the Government's withdrawal

Wool tops futures market Spot from sugar and substantial re- ductions in the staff and budget lows. Future closings:

closed sleady; turnover was 100 of the Supplies Department which have already taken place this year.

Corn. No, 2, yellow

Sept. Dec Mar.

Spot.

Oot.

Jan.

OTHER COUNTRIES

"Finally, It seems to me re- markable. that your article

Allar Muy July

Bopt.

Ool.

nowhere mentions the practice

Jan. Mar

"the General markets, cif basis, porta: officials would lose their jobs' 20-0/38-20-11/10 reads a little oddly in face of 2016-201%

231-2324

AMSTERDAM

The rubber market was quiet, All prices in guilders per kilo-| gram, CIF Oct..., closed follows:

No. 1 rubber

No. 1 rubber

No, rubber

No. 1 crepe

2. nom. 201 nam,

2.00 nom.

2.27 nom.

United Press

DS

NEW YORK COCOA PRICES

Cocoa apot

Adera

BANÍS

Venezuela

New York, Sept.:14,/

dr Closing Prices

Sept, 13 Gept, 14

B450 unreceived

51.04

4020

-United. Prete.

of the Governments of the other Asian countries which are traditional Importers of rice.

If

of

130-13746 May July 194-15% Ryn 120%-13 Bept. 13914-185 Dec. 13-130 13314-1339;

NEW YORK

Prices of futures closed today

as follows:

Spot

Oct

Dec.

Mar

Gate

131-137 130-131**

Bept. Dec.

14794 14034-16

70%

May

July

Dec.

Soybeans, No. 2, yellow

„United Press

Spot

20416m

Flept,

Nov.

Ján

34.99-35.00

អួតថា

NEW ORLEANS

Prices of futures closed today

hot as follows:

Spot

276-276):

Barter TOPS MARKET.

July

Dec

May

Spot

140-380

July

New York flour

200 in. snck

Oct

$14.70: United PrERN.

Dee.

Mari

RAI

1045

1004b

109.00 180.00

It did it would have to point NEW YORK WOOL M aut

that they

have all bought government to government con- tracts too, and that some them (Coylon. Japan, In

Now York, Sept. 14, 'Wool topa donesia, and India), have con-

futures opening tracts which run ahead till 1954 prices in conts per lb. were n or later policy which the follow

Dotober Federation has never adopted.

December One outstanding factor the improvement in the sllun- tion since 1953 has been the dis- tess Lappearance of India as a major

Grease, wool futures prices closedí Importer. In

the 'produc» | #a:follows: TARIFF DECISION the principal Importion

October... December over countries Jumped by Washington, Sept 14.4,000,000 tons compared with The Tarif Commission today 1981/1982, and of Uils India de- announced President hower approval of its decisión

for about 8,000,000. Hot to conduct a formal investie this helps to bring into

bile of dried ng import

are not succeeding in their mission, member of the display jumping says a Tory MP, Mr Frederick Gough (Horsham). Coeds future Deto whore he and his friends will Mr Gough, à former para "What Happens when Lon display, some time next year, a trooper, who has the new town doners move from their houses how type

of

parachute which of Crawley in his constituency, and data and come

to places they have developed anti which has been making a study of the ilke Crawicy? Almost immedi- they claim has been very problem.

alely their old accommodation successful,

His answer: an ambitious plante died by another family in to build new towns, not near many cases immigrants from the North Country and the Midlands."

Herr Girnth's paraduting is

to be done with the North Rhine-London-but in Empire coun. Westphallon branch of the West tries.

German Aero Clubs. The branch

la negollating in Britain for the purchase of 17 old Tiger Mets, from which the Jumpors would

"WHAT HAPPENS?''

Says Mr Gough: "There is no

that

of

cropith 70 parachute, jumpa to his towns are cucesful in them-

Mr. Gough has been making Inquiries, from -- Canadian and

in London,

quite ID

Continwonth, sourens

aredit before the war, and with solves-Crawlty in an out Jumpers llcence number 13 for standing dxample with its iho haya the whole of Germany still in his industrial, estate and well laid possession, Herr Grath has de out social hemelbourhood, Boend finite Sylews on the value of but now they serving the pitre be an parachuting fur, kiz safety, a pose they were created for?

ah idea

response

had

"The Cornmlinton reported:

May Reptember

· May (

chuir millong it is doly Exchang

cont of Asia's

hoped that

be a Bast well as a mar

Winnipeg Grain Prices

Winnipeg, Sept. 14.

LIVERPOOL

Closing prices,

American middling cotton, 18/18 inch,in pence per lb, were, ns follows;;

May/Jung per bushel in Canadian Fly/85. Cosing Prices

VAA SAO PAULO· Futures closings, in bor kilo are as follows!;

'cent:

160.3b

68,405