1954-09-28 — Page 9

INCLUFION OF ITMAYAN VAREMANI WOVED MAKE BRUSSELE FACT OF 1948 SIMILAR TO EDC.BUT WITHOUT TWO OF ITA CONTROVERSIAL FEATURES:KUFRA- NATIONAL CONTROL AND UNIFIED ARMY

· BRITAINI

FFR. MOR

3 V.6. AIR BASES

NEW ALA

'SUPP!

BUS DIVISIONE.

IN WEST GEKNANY

YEST

GERMANY

SAT

FRANCE

ITALY

ALGERIA

BRUSSELS PACT

THE CHINA MAIL, TUESDAY, SEPTEMBER 28,” 1954,

PROPOSED MEMBERS AMIRICAN NAVAL BASES AMERICANAIR BASIS

OTHER ORGANIZATIONS FOR EUROPEAN UNITY

UNCIL OF EUROPEI:

West Seeks To Rearm

Germany Without Panicking France

By WARREN BENNETT

AP Newsfeatures Writer

Secretary of State Dulles is to sit down in London today with foreign ministers of the Western European nations-in-an- attempt to fill the vacuum created by French rejection of the European Defence Community.

The need for a substitute for EDC as a continental security system against possible Soviet aggression is recognised everywhere as urgent. Britain's Anthony Eden made a hurried five-day tour of Western European diplomatic capitals last week to set up the nine-power conference in London. And Secretary Dulles made a flying fact-finding trip to London and Bonn last week for the same purpose.

The

conference will be weapons and benefit from a com- attended by the foreign policy mon supply programmC.

chicts of States. Germany.

italy

U.S. Businessmen Becoming More Optimistic

By John Morka

New York, Sept. 27.

Optimism was the keynote last week in American business, with the stock market heading for 25-year highs, retall Improving, and even the movie houses reporting better business after several years of trouble.

It seemed likely that the better general tone of business would play an important part in the political campaign between now and November, All 435 member of Congress were to be elected. plus about half the 96 senators. The Democrats were expected to tampaign largely on charges that

ERCE SECTION

New Cotton

Process

Washington, Sept. 27, The National Cotton Council mald today a new process which produces fabrics with how

and desirable qualities" wijl be examined 41 meeting here

October #-7; this

year.

The meeting will be at fended by representailves of cotton textile mAJI- facturers, ohemlost manu. facturing, firms and privato and Government research organisations

The Conseil sald the Proces weds cotton and

chersistry" to produce

Cootton

Удга especially resistant to wet and dry heat and to rotting. The process, known craneothylation, was first introduced al a 1953 meet- Ing:here?- United Press,

the Republicans have caused a mild recessions to HONGKONG

"big business." The Republicans were expected to retort that the national economy never has been better.

Any changes in alignment of Most optimistic note of the the politieni parties in the Con-week was that of Lawrence grosa – If, for instance, the Appley, President of the Ameri- Democrats should capture both can Management Association, who houses

STOCK EXCHANGE

area with working majorities predlated "nothing but long (From Our Correspondent)

www would www would

Pago

Indonesian Rubber Exporters Hope

For China Trade

Singapore, Sept. 27. Indonesian rubber exporters are placing high. hopes for a share if not all of the potential market in China, a rubber source here, conversant with the Indonesian rubber market, said today.

Many quarters in Indonesia have spread the word around that China's "huge potential" could solve all the economic problems of the industry.

The source said that it is true, to stand to this altruism for an. "Revere problems" exist in the indefinite period, Sooner Indonesian rubber Industry but later, he sald, China with the he deltevai there is little that all of Russian, lechiniclans will China could do to help, Indo-bo bullding her own synthetic nesian rubber producers by plants which sire.. will buying a few tons of their pond rubber,

SONITES,

What the Indonesians do not mitural

014 Iver priinary

When that timo, comes rubber producers will

know. the source sald, is that no culled upon merely to Will, in "China at present is certainly the

no industrial gent silhough she

hugo polantial" the

i assiduously, copying Russia's source said, "may turn out, to mathor of Industrialisation." bo

sotince sald non-

Russin, on the ethest hand, he emere wishful dream, sald, has consistently plugged Communist countries of the for the cause of synthetle world have been responsible for rubber to Russin the total providing the market which has amount of natural rubber enter

mado natural rubber the afor ing the Soviet Union from all single rource of income bring changes in range growth for the economy

sources batt averaged no more Indonesia. By 1930, he said. American foreign policy in the ahead" as he agreed with a

then 100,000 tons per year world production and consump economic sphere. Certainly the statement by Murray Shields,

Business done on the Hong- despite the fact that Russia is tion of natural rubber had Democrats

have chief economlat of the Bank of morning amounted to $103,748.76. going through trial

long Stock Exchange this now and has been for some time balanced at around 800,000 tonn and the Re-the

Manhattan Company, who

process of annually, Today, he said, non- publicans high tariffs.

foresees that in 1877 America Noon quotations anç the intensive industrialisation. Communist countries buy at changes Also are

will have a population of 230,- morning's" (ransactions;

lenst one and a half million tons 400,000, a per caplin product of shades Boyens SELLERS SALES

of natural rubber évery year.-.-. that there will be no change in 13,300 and

gross, national

United Press.

Bough! low

although it must be remediat

dollars, BANKS

the administration, ainee Prosi-product of 750-billion dent Elsenhower's term runs Shields predicted that Canada through 1950, and any legisla and Latin America would have tion by a Democrat-controlled an even greater upsurge. Congress signed by become law.

would have

thơ President

be

WILL IMPROVE

other

ما

PRICES QUT

INSURANCES

NO INTEREST

Russia, he pointed out, had

IIK Dat 1700 1730 20 1726 shown no interest to buy indo- 10 1930 nesian rubber because Soviet buyers have always demanded grades top quality plantation only and "there is no reason to bolleye that China will be any more different from Rusala in this respect."

015

10 ao

1000

0.10

Union Underwriters

DOCKS, ETC.

K. What Docks

Provident Tolds S'hai Dock Wheelock

20

2216

LAND, ETC.

НК Hotel HK L

S'hal band

Realty

UTILITIES

China continues to place 14.70 14.60 1000 1170 emphasis on heavy industrialisa-

7.00 79%

40.00 2000 e 10:40 09 07

4.10 2.45

Tram ***

10.30 Star Ferry 131 I'mats Furry. 168 180

C. Light (0) 18.40 135 2500 a 1815 500 e 1840 (C) Light (N) 12:30 1215

Electric

311 312 314. Telephone..

Studebaker has cut the prices of its 1955 model Autos

Eny- where from 87 to 287, but Nash- Wall Street and

ob- Hudson and possibly Packard servers believed that business are the only other auto-makers will improve steadily in the last who

may drop prices. Ford, quarter of 1954, and in early Chrysler and General Motors 1955. They see these Improve-ore expected to keep their 1954 nients:

prices. It was pointed out that Steel operations rising to 75 Studebaker was the only one.to per cent of capacity from the raise prices. current rate of 66.5 per cent. There has been one major

Automobile production rising

change in the defence products to the rate of five million cars picture-many companies which for the full year of 1954, and get defence orders either make that five million will be the no proft or lose money in filling absolute minimum of 1953 auto the order. Competition has be production.

come very keen in the com- petitive bidding, 40 or 50 companies bidding where

the

orders were negotiated, or if bid, there were Retail trade to rise steadilyonly three or four bidders. with Christmas busines to

A management spokesmian ex- reach an all-time high. And it plained to a Journal of Com- the Christmas business does hit. that new high, it could haul merce survey that many com- MISCELLANEOUS

panies were willing to eliminate the overall business for the their profts.

hold year to a new record despite

Organisations together, defence with the fdes that in Cigarett

in the future manufacturers

there may agolu be large port their sales

profits are moving

The tyre industry will have a again after a slump due ten per cent price jump by the upward to lung cancer fright.

Home building to continue at Its all-time record pace, aided by new laws which provide more credit.

Britadt, the United and Germany would come under Zwicker Pleased the

Canada, France, West NATO command 19 the other

Italy, Belgium, the members already do. Netherlands and Luxembourg. One of the attractive features There have been many plans of expansion of the Brussels pact suggested for bringing France from the French point of view and West Germany together in is that Germany will be brought in which a continental dolence

organation system, into an S to be settled, however, is Britain is tightly involved. That the basic question of

drawbacks In what was one of the

guarantors ugainst

have EDC from the French standpoint.

France is to

of German

a revival

miiltarism,

One proposal is to rearm West Germany within

North the

Atlantic Treaty Organisation as

SIA

a

With McCarthy

Report

Chicago, Sept. 27.

Ralph Brig.-Gen.

Zwicker sald today he was "naturally" pleased with the portion of 1 Senate Committee's report on the censure of Senator Joseph so far as it applied to him

Me personalf

.censure

slump.

The stock market to continue

its strong pace, because there is steady demand for all goods

а

end

With

of 1054, it was predicted by the President of the Rubber Association.. But other about

corporations are expanding their

in the United States and then are unhappy

will be better, not worse.

prices, since the demand President, said that such a price facilities in faith that business has been slow, Mr Thomas, the rise is needed to offset recent

raises, industry wage

higher natural rubber prices and other rising, costa-United Press.

OPTIMISEX

The overall picture of op timism, if borne out. can have Kreat effect on all other nations,

many of whom need export to

27.10

INDUSTRIALS

Cement Metal India 1.55 STORES, ETC. Dairy XD.. Watson

COTTONS

2012

· Textlics

Younasi

24 24.40

8.80

6.80, 1.00

3000 180

LĪTIS. 4.21 200. @ 4,35

World Rubber

Markets

World Cotton

Markets

New York, Sept. 27. tion, the source said, it is possibló Cotton trader' efforts to keep that Chinese import require- last week's rally going became ments for natural rubber may read-blocked today by increased approach 50,000 or 60,000 tons hedge selling and technical per year that because of this

realising

The recent rise to sensoriál.

He

Cliina

may

Import a large highs, and the premium obtain amount of rubber this year

as able in the the Chinese Inow that they

open market over. the average Government loan, must buy their way into the

n new Une of market and make the price rate, started worthwhile at least temporarily,ning among some recent

buyers. China's economy, however, the Bearish sentiment also fed on source said, will not be able the notion that the exception-

ally heavy rate of ginning dur

the first half of September " Government crop est- mate for October,

Ing

NEW YORKggested the possibility for

STOCK MARKET

Previously

most iraders figured that because of tho drought and deterioration re

amate

...for

the

of

Government's third. season scheduled

the

Oct. 8, would.......show.......... – d... sizable reduction from the 11.8 of milijon bates indicated as Sept. 1.

Trading volumes and open in--

May

Volume

Open irtore

2.800

94,700

Dee.

04,900 48.300

675.00

5,000

2,000

235,000 2,389,000 balen NEW YORK

Mat

New York, Sept. 27. Industrial shares on the terests in the Exchange today. New York Stock Exchange were: closed higher again today, Month mpving prices in that section Oct. to further now highs in Mar. Singapore, Sept. 27. The market eased a little after more than 25 years.,

July Gains in the Industrials were Oct. opening steady on some trade support. There was some selling United mostly to the fractional c The market closed a little above zone. A few specialties, however, | Telat the lowest of the day. There managed to score. wider, im- were

The some acceptances from provements.

rails. end Australia noxa Japan. Future utilities, however, countered Prices of futures closed today the trend. They declined Iow

Was follows: cepts.

n Spot The market opened on

but in the last October

December of the session, the rails March and other departments ran into May some mild proat-inking, wiping October

December most of the earlier goins, out

Market news continued on March, the bullish side. A number of bat

NEW ORLEANS railroads

· Μηνομασία reported earnings. This, coupled · with Domestic No. 8 sugar, futures |

Prices of futures closect today Futures: closed 5 to 18 points forecasts of a sharp pickup in na follows: 1 to 3 points. lower lower with sales of 51 contracts, many lines of heavy industry. with anles of 120 contracts.

the United States to gain their New York Sugar

froms

He dollars for exchange.

his

ig

rc-

Canada

Lux

Market

rubber per 1,

No.

eldsings:

1 October November

December

No. 2 rubber

No. 3 rubber- por

7036-7036 704-701%

unquoted AYA NUITY

Blankat crepe

pot rubber unbajod No. 4 rubber berib, ÖZ

6714-87 70-80%

NEW YORK'

One other proposal for but- General Zwicker and his wife o substitute for EDC. This tressing Western would mean giving sovereignty fences was to bring both West for further assignment

European de Dorothy are en route to Japan to West Germany,

Germany

and Spain into close Camp Kilmor, New Jersey. Another plan, favoured by the relationship to help fill the void said he did not know what British,

to expand the created by

French

is a good example. The vacillation. duties would be in Japan. Brussels pact of 1948 to include Not that France was to be dis-

tember issue of the Bank of SPECIAL MEETING West Germany and Italy. The counted entirely, it is too big,

New York, Sept. 27. The Senste will consider the Montreal Business Review notes Brussels pact knitted Britain, too powerful, too strategically Committee's finding at a special this country's export trade closed today unchanged to

that the "current weakness of

World No. 4 sugar futures France and the Benelux countries located for

for that.

ber 8. If it attributable to moeting on November a common arrangement for The stand of advocates of this votes

ona Important militery, economic and cultural

However, point lower with sales of 55 No. 1 pais crepe plan is more or less thir, Whereas McCarthy tree that commodity-wheat. co-operation.

France had been considered the time in 25 years that the Senate exports of commodities other contracts. Expansion

the Brussels

key of

have been running above last treaty would contain many of it must now defence in EDC, has censured one of the members. a grain, to overseas countries

now be considered as only

A copy of the Committee's the features of EDC but would one of several keys. om two chief stumbling blocks:

part was delivered to Senator year level. This is in contrast closed

United West, Germany Inevitably will McCarthy's office before it was States, where the slackening

shipments to the

Exchanges of March contracts this fall, helped trading senti-spot the

question of supranational be a forward.

• World · futuros ruled quiet for physical rubber and dealers ment considerably today. area in any war given to reporters but his unified controls and a

with the Communist bloc and nssi-tants said he had not soon in that market of manufactured further raw

of businers has affected sales and steady as traders awaited Inter-changing of March-May- In

sense, international would be the site of vast instal-it so far as they knew.

market develop contracts featured ths. smail control would be maintained

sations

Operators reportedly terminal market trade. of combat troops.

Sales today. totalled 2,190,600 | October through NATO arms allotments

and such raw He entered Bethesda Naval products, primarily fron and mentis

materials Spain, more remote, already Hospital this morning for treat as zinc, copper and lumber."

were bidding for world tres

shares, compared with 2,340,000 December and the size of individual has agreed to allow the United ment of a sinus ailment and was

sugar with," not much): Pullness prevailed in the spot last Friday. member nation's armies.-

Revived busine But States to use certain airfields and not expected at his office today. means greater imports from sold.

in America quotas

sugar in that category still un-market. Sripll 'sales included

Of the 1,222-issuós traded; 401 entirely missing would be the -naval boses. Work on developing

ono sheets för " December at closed lower, 445 moved higher, controversial feature of EDC, two of the ale installations United Press & Reuter,

Europe and such Far Eastern | | Domesile futures

24% and bid sheets for Sep2 and 200 held unchanged. control of a continental army by scheduled to begin this supranational authority.

dealings. pound.

American Water in pence per lb. start the week Works closed in the No. 1 as follows:

Epst Spot No. 1 Ras, were quoted at with 39,100

shares changing Egyptian 2434.conta nominal:

Army,

Autumn

More Kalk Baser may open to

American use Jalur pol

Franco, as a glance at the map will show, is indispensable es a support area. Already the United |

It was this supranational con- [ dollary into n

CHICAGO GRAIN PRICES

to

countries, as Japan.

TOTAL SALES

Opinber December. Mor Any

Unlied Press.

LIVERPOOL

with most trading centred - In

cantred in tember delivery at 24% cents a Low-priced issues dominated Offcial values for spot coltons

[Oct...

|the nearby montha. ME NOT ALL Not all the signs are optimistic Juture closings; the Harris Trust and Savings Contras No. {world} Bank of

In its business Chicago, review, notes that manufacturer Closing Pricing Interests inventories In July contracted by another $300,000,-

Chicago, Sept. 27, Prices per bushel in cents:

States has poured millions of Wheat, No. 2, rest

supply channel trol that made Britain back off pipelines, Bighways and ralfronds Dee from membership In EDC when

the French

It was first proposed several Germany

"years ago. And it was “a big

factor

Spot.

to Wost Mar

SPORT MAY

in the French doclalon far as

bly problem

right now, as Cora, No. 2, yellow as Western diplomalle leaders spát Bare concerned, is to find some De

Mat.

to kill EDC.

If France is

of the Bristols pact as wkhout too much panic from July

finally to accept ways to roarm West Germany Mar

ན་

mzstitute for EDC; } [99

は

Will Franc

Rys mean that the French prefer a Whatever solution, mad bo Dio. Germany reared under certain found, it will have to be accom- Mat. limitations to lost, of sovereign plished under the window, of control over their own army, wanding from Bundle that ranch i

The British plan for expton we would wres

of the Brussels phot is shown be th

2120

2140

2003/4-96

000, indicating that the period of liquidation was continuing and that bank Ioana to: búslɛoss did not begin their

#onal pattern of a rise

In mid-July. Rather, there has peen persistont decline in loans to the food, liquor tobacco industr

ena

closings were:'-

Dec.

Mar..

July

Hept

· Dot'

The markcot fem with No.

at 21 pencë për 16:

at 8111⁄4 up 4 Karnak, good/lulls/good....18%

The recent volatilo oll group Ģizn. 30,

Onished higher. Shell oll was.

the bellwether here with an im) 18/18th inch

pt. of 1% polit

Futuro

hands. It

at the close.

stood at $1

24.70

Ashmoun American middling M

24.00

24.00

20.90

24.00

prov

Mexican midating

Allan and Pakistan.

Steel shares moved within

saw-ginned--NT

narrow range.

after

The New York Stock Ex-

quoted

000 Hares

41.20

Bianche 1-áand inch, 34,48

roller "Tinned

SAO PAULO-

change bond volume was $3,300 Olbers word

The American Stock, zatek

volume" was 480,000 shape

DOW JONES AVER

: paw-ginred

rollen sinned