1954-09-30 — Page 9

LAMAS FROM TIBET A

VISIT PEKING

THE CHINA - MAIL, THURSDAY, SEPTEMBER 30,

The religious chlofs of Tibet — the Dalai Lama and the Fanchen Lama (Carrying flow- ers) - acen walking in Teklog during their recent visit to China as the officially invited de- legates of the autonom district of Tibet for the national people's meeting. They were wel comed to the city by the Chinese Foreign Minister, Chou En-Ial (seen on right of picture). -Express Photo.

A Soap-Salesman Staged One

Of

History's

Most

Amazing Advertising Stunts

The

By DOUGLAS COBBAN

two History of Unilever, in volumes, extending to over 80 pages, this is not just a history of the 600 and more busincases.

The late was Easter remarkable publication, The Monday, 1889. scene, the shores Lake Geneva. The cast, of the washerwomen the surrounding lakeside towns.

ان

Particular emphasis is laid on the changes in the principles of management forced by modern conditions upon great of

industrial undertakings. large and small, that have been the family conception

business

the made way for drown into the Unilever net.

wider the

corporate divolopment

conception, the concern N briliant owner-manager was replaced by To the professional manager. ly portrayed against the social

tew leader the this new and economie "background

Changing Dworld outside "is scarcely less the past 100 years.

Important than the business self." He has brought beneficial changes, too, in the relationshipa of management and labour,

the

It was the first and last Fete des Blanchisseuses. And slage-manager? A Swiss busi- bese genius called Lavanchy, a Christian

turned missionary soap-salcaman, Merely to pro claim

the wonders

of a

new

soap, he had transported the bowildered washerwomen to the fete by

spectators

nthusiastic

steamer. Hordes

milatly conveyed

keside homes.

of were

from their

The unified

how

and Con

We are shown how the mush- room growth of new industrial towns in the latter half of the 19th Century, notably in Ger- many, brought from millions of de- margarine consumers the told mand for cheap fats. We are English tinental chemists-some German chemists worked In England no well as at home-played their part in satisfying demands for ever-better quality soap. And these demands were coming from workers whose wages for the first time allowed them the luxury of daily cleanliness.

competitive, UVCT- of the most widening search for the essential astonishing advertising stunts of raw materials,-palm oil, cot all time,

ton seeds, copra groundnuts,- ranged from

A wonderful banquet, free to

all, ended the fate. recalled

It is still

From such fantastic seeds

The

the Solomon

The late Lord Leverhulme, founder of the English firm of life for a solution of economie Layer, sought throughout his

and social dificulties "through enlightened

management." The "History" decribes this as his most important contribution to industrial progress",

his and answer to those ivho contend thin the problems of industrial solved through and social relations

replacing. private ownership. by State

The major problems of modern industry." Leverhuime's view, arose in

cân

TRADE cond

COMMERCE SECTION

Goodyear Intend To THAI IMPORTS

Develop A

Rubber

Plantation

Akron, Ohio, Sept. 29,

Goodyear Tyre and Rubber Co. announced today plans to develop a rubber plantation on an 11,000-acre site in the Brazilian jungle.

Goodyear Chairman P.W. Litchleid said, the new planta- -tion--which-will-bo near-the.

World Cotton Amazon River, will be deve-

Markets

New York, Sept. 29. Cotton prices today proved unable to hold early rallying tendencica in fece of increased hedge selling ord realising.

Possibilities for an inercase in the Government's October crop estimate, suggested by the cur rent heavy rate of ginning, and lull in the trade demand, neted to change market sentiment.

Initial gains up to 40 cents a bale were converted medunily int net losses, with the Deven-

Interest in the welf basebail gane

loped gradually and the first plantings will be experimental.

"Experience Goodyear hos had in developing blight re- sistont and high yielding rubbor trees on its 2,000-acre Costa Rien plantation, which was established in 1935, will bo helpful in tho now Western Hemlightre venture," he said.

The Brazilian Government will co-operate with the Com pany in the development pro- grammo, he explained, and the plantation eventually will help supply the Company's Paulo tyre plant.

This plantation, the

Sao

FROM S'PORE DECLINE

Biorepers, Bapt. 20, Thailand, bought a third of what Singapore - pure chased from that country for the first weven months of this year, the userstary of OF the_Bingupora-Blam Importers and Exporters Association said today,

Soow Kit Meng," the secretary,, sald from the beginning of, this year to July Malaya - bought a total of $125,991 worth of goods from Thalland but eported goods worth

*th only $44,075.

MP SEOW wald-

d-this could be due to Mailand's worsening economie post- Hon which had forend⋅ the Thai Government to drṣa- fically curtail imports.—- United Fress.

HONGKONG STOCK EXCHANGE

Canada And Japan

Importing Indonesian

Singapore, Sept. 29.

Canada and Japan are showing great interest" in Indonesian tin while exports to the United States have declined recently, the Djakarta correspondent of the Singapore Straits Times reports.

.Qusting Ma Nelosudirjo, the hend of the state in sales

Tin

NEW YORK

STOCK MARKET

Now York, Sept. 29.

agency, the dispatch said the in- Stocks declined fractions creasing output anch heavy American stocks were the main to

around a point today,

causes for the decline of Indo-marking the first decline in nesian tin exports.

seven scasions in the indus-

Mr Notosudirjo was quoted as trial shares, Trading was saying that Canada was a new moderntely active. customer and might become an important one in due courac while Japan had also shown great interest.

Automobile shares, however, were exceptions to the trend. They were strong throughout tho day.

(From Our Correspondent)

Offcial figures show that tin Business done on the Hong-exports from Indonesia In the Market experts pointed out kong Stock Exchange first morning

this first half of this year totalled that the market was due for a amounted to $511,-10,500 tons. The United rest at this time because of tho

the morning's trunsdelions: BANKS

sHARES BUYERS SELLERS BALES While Europe tools 4,035 tons industrial shares to their highest levels since September 19, 1920.

HK Bank ... 1725 1730 20 cp 1728 El Al INSURANCES

ber delivery going throuth Pacquired by Goodyear in 20 137,90. Noon quotations and States took about 6,000 tons recent advance which moved recent resistance point at 25% years, may simulate additional cents a pound.

plantings which would provide living stockpile of rubber Beric readily avaliable to the United slow States In times of emergency," extent. the Chairman pointed down interest to some

out Others thought the market was United Press, still consolluting its position after last week's rise to seasonal highs.

autod 10

Liverpool brokers were small buyers in the Dec.-March-May to undo deliveries, supposedly positions with the British mar- ket.

30.700

World Rubber

Markets

Singapore, Sept. 20. At the opening there was some profit-taking. This was absorbed trad: whereafter pricés bardened There Was somo factory buying with sellers for lower grades reserved.

The marke❞ closed

steady. very Future closings were:

40

issues

and Japan 692 tons.

Welcoming the increasing de- Of the 1,103 issues traded in, mand by Japan, Mr Noto-602 closed lower, 331 sudijo was quoted as saying higher and 270 stocks held un- that payment would be used to changed. balance imports from Japan to 14.70 Indonesia.

that He added 734 Japan paid "good prices" and

20

190

Union... Underwriters

#

* 90

DOCKS, ETC.

K. Whart

22.00

Provident (0) 14,70 Wheelock

15 500

7.70 7.00 500

..10.40 10.00 1800

Dock

LAND, ETC.

HK Hotel

HK Land

.. 0036 0714

10.40 payment was made in American

10% dollars.--United Press,

67

Humphreys

20.40 Really

..... 2.10 2.15 UTILITIES

Trem ...... 10.30 1831⁄2 800 4 18.30 2000 18.30 150 18.30

60 150

131

Star Ferry 150 100.

X'mati

100 160

C. Light (0) 131⁄21⁄2 18,89 - 199 @ 15jt

500 101

Chicago Grain

Market

Chicago, Sept. 20... Most grain markets firmed.

C. Light (N) 1231⁄2 12.00 13 6 12 today on the Board of Trade of

and Trading volumes

opett Interest in the Exchange today

were:

Month Ocl.

Dec.

Volume Open interest

4.200 10,600 20,900

by

033,200

315,900

Mar.

May

30,500

197,000

July

8.000

273,700

ðet.

12,000

143,000

Electric

Dec

23,400

$8,4X1

*

Telephone

315 28.19

Mor

1.400

Total

B.100 101.100 2.400,200 balts

No. 1 rubber per ib.

Oct.

Nov.

NEW YORK

Noct

No. 2 rubber per ib.

Oct.

3 rubber per ib.

72-8/16-71-7/10 71-5/16-71-7/18 unquoted 2038-7036 6042-0939

INDUSTRIALS

Coment .... 20.80

Rope STORES, ETC.

*Dairy XD

Watson

10.80

Crawford

23.00

COTTONS

Prices of futures closed today as follows:

Spot

October December

March May July

35.13

39.01-02

35.18-19

35.44-45

33 559-60

25.40

October December March

04.04

24.35

35,00

bo

NEW ORLEANS

Prices of futures closed as follows:

Spot

34.40

Oct.

$4.00

Doc.

J5.16

Mar.

25.40

May

July

25.43

Oct

34.91

of

Dec Mar.

and there were plenty planted Islands to West Africa. And it from the size rather than from

is

a

tale of

in England, Germany, Holland. and, Indeed, the world over... there sprang to fruition 40 years later the vast concern we know today as UNILEVER, the myriad-headed giant of the sony, margarine and kindred dontalns.

rames

The

of

greater wizards than Lavanchy, of course, lay behind the signing on that September 2, 1920 Just a quarter century ago this month-

of the omalgamating

"the

tragedies and

the nature of the ownership of triumphs. From L we learn industry." such Incidentais as the fact that ivory nuts

shipped by were

of not The lively portraits Lever from the Solomonis to only Lord Leverhulme but Germany for the manufacture the great Continental leaders of buttons.

who forged the structure of Unilever help to make both volumes eminently readable for a wider public than those con- cerned with business.

Modern day conflicts, such as the pressure of State Interests upon private business, accentu ated by the two world wars, form an important part of the

This embraces

storicblems cf. Stozar

agreement rencies, problems of what

former mildly described *3 ferocious Continental and Eng- movements" towards autocracy

rivals in the oils and fats in certain countries.

Jorld.

Schichts

the Jurgens and

of Bohemin,

den

Berghs of Holland, the Lever of

England; these names star-stud

A thrilling story

inventivo genius,

of technical

Bays)

of businesB The fears and arguments sur-spondence 30,000 files of UD

acumen, biller personal and rounding the dreaded word to 100 letters each! Despite business clashes, of internation- monopoly" are platply set such an

an "embarras de richesse," al intrigues.

forth. They are an integral part Mr Wilson has maintained ph It is a story that concerns us of the road from Victorian objective paternalism all, For who does not know of allan margarine? BOOP?

Indeed,

Who does not use

course in

rart

Dec.

No. 4 gubbar per ab.

Oct.

09-0012 Spot rubber unbeled 7031-1345 Blanket crepe......

68-6016 No. 1 pale crepe... 80-BI

NEW YORK

Futures today closed 9 to 11 points lower with sales of 92 contracts.

Opening gains with the higher today| cables ran into increased specu

Intive

liquidation in December and scattered hedge selling Dealers interchanged the Dec.- Dec., deliveries.

כנן. 34

33.036

The spot market ruled ex- ceptionally quiet with No. 1 Ras quoted nominally at 241⁄2 cents a pound. Future elasings:

2488-00

29,00

25.03

23.05

25.00

|

Dec.

Mar.

LIVERPOOL

May

July

Sept.

Cotton closing prices, American middling cotton, în pence per lb, were:

Dec.

Oct./Nav

32.70

Dro/Jan.

22.09

33.00

May/June

31.01

November

216-213%

December

July/Aug

Official values for spot cottona, include:

3ph/Mar.

Apr/June

Mar/Apr.

Egybank, good/Belly/good

Giza 30, good/fully/good Ashmount, good/fully/good 41.10 American middling 13/16th Inch 324 American midding 7/8th inch 3044 KARACHI

per

as

Prices of raw cotton in rupees

maund closed today follows.

20-PNT. Bind, railer-ginned

maw-gned 280-ENT, Punjab, rojler-ginned ..

saw-ginned Note: Bao Paulo colton orices were not resolved--United Press,

507 Ci

1000 ve 13.60

200 € 20.70 30 500 2916 2000 e 20.30 17.80 24.40 24.00 500 6 24.40 300 24.40

Textile Corp. 82%

· Nanyang

MISCELLANEOUS

Yangtze

Allied

Chicago,

Sales today totalled 1,810,000 shares,

leader the

most

Chrysler, yesterday's market in volume, again was active stock. On 86,000 shares, it ran up 14 points

Celanese to $89. falshed in the second spot on 20,100 shares and it finished with a gain of 1% points to

21%

Low pricci

Studebaker

closed at $19%, up % point.

The New York Stock Ex change bond volumo $2,630,000.

American Stock Ex- volume wis 030,000

Traders acted

on the bellek that additional rain in parts of the Midwest would affect har- The vesting of soybeans adversoly. | change and slow the movement of now | shares, c:op beans to market.

Inli.al

losses in DOW-JONES AVERAGES fractional 500 ir 7415 wheat reflected scattered hedge Dow-Jones closing averages

were

on Wall Street today were a follows:-

soiling but offerings 5000 absorbed on resting orders in all

but the far-off contract. 10 1500 10

Reports ol unfavourablo | 30 industchli

Western *1.04.1735 4:20 0700 44.1735 other.

Canada 20 talsve also had a steadying influence as stocks an wheat, up to 135 inches of 40 bonds

323

India's Car

4

In

10

301.73

116.59

132.20

United Press.

rain was reported in Western Com future price index Canada, with frost grains re- mained in 'parts of Alberta,

Foreign-demand for: United grains remained

States Market

Still Down

Bctive.

Whent closed off 1⁄4 to k 15% to 24 cent; soybeans up

Down ceais.

At Winnipeg, wheat was priood at 161 for No. 3, and for No. 5, it was at 185 cents.

CHICAGO GRAIN PRICES -

New Delhi, Sept. 20. India's automobilo market which declined during 1959 has shown no recovery during the first six months of 1054.

Chicago, Sept. 20. The present automobile policy The market was quiet after of the government of India fa

Prices per bushel, in cents: firm with No. 1 Rss quoted at based on on estimate of a

Closing prices 21-0/10 pence per ib. Prices: minimum

demand of Wheat, No. 2, red overall No. 1 Res moot...... 2112-21%

Bept, so 24.000

annually...As umits Settlement house termi

2112 against this number: automobile Spot

21496-3 Deo. 21813(H) 2134(L) sales were down do about 9,500

Mar, vehicles on 1963 while current say sales are running at an annual

Corn, No. 2, yellow rate that is only slightly higher.

Spot LOCAL MANUFACTURE

20-18/15-211

20-15/16-31

20-15/10-21

of unquoted

Amsterdam

India in

MAT,

1501-4

1353%

New York Sugar Market

New Yoric, Sept. 29. World No. 4 sugar futures. closed today unchanged to:1 point higher with sales of 179 contracts.

Domestic No. 6 sugar futures" closed 1 to 3 points lower with

of 375 contracts, saics

World futures held steady with tho

raw maricct. Unconfirmed said India purchased reports 40,000 tons of refined augne from

the United Kingdom..

Weakness in the domestic contract featured broad liquida tion; and, hadging with; the weakness (in raws, where `ptices" w:ro at now seasonal low, Future closkjja werd::

Contract No. (world)

3.25

RECREA

134

100.

140-14014 143-1937

Oct.

Jan.t

Mnr.

May

2014-12

July

Bapt.

Spot-(cents per ib. fab

Cjibar

Contract No,› B

Nav.

20614

Mar.

Any

July

spot

110-130

Sept.

New York flour

Nov,

$14.Bors United ProAL,

Spot (cents per 1b: elf NY

BAT

Nov.

Jan.

The author, Charles Wilson, a wide Fellow of Cambridge Univer- curity and a speolalist in English are and European history, has based "strong his narrative on a study of the hives of all the firms con-

211-211 211-211⁄2 His researches go back

General maricets, elt baslo, porter 48.30 October to the 17th Century. He and his

42.80

November collaborators had tho

December good

· India embarked on a polley Mar. fortune

to "stumble" (as he

Estate crepe thick

local manufacture two years May July whole of Lord

Estats crepe thin on the

ago and has concentrated all its Note: The

Ryo. Leverhulme's business corre

in six Deo. rabber Indigenous manufacture prices were not received United companies. Prers.

All imports of cars | Mar. and trucks have. been banned Oats and companies which did not Des Tea Price Rises submit plans for manufacturing Soybeans, No. 2. yellow

Wero forced to close Spat down.

these Among word the big na-

Mar, MAY sembly plants of Ford and Gen- eral Motors which closed down July London, Sept. 20.

Barley, British shopkeepers began to at the end of 1933.

in India's statement day to charge id a round more for all blends of tea. Exiting Parliament on September 10, the stocks will be sold at the old Commerce and Industry Minis- T.Krishnamachart sold rate but within a fortnight the ter T new.prices

that the production, of auto- will be in force everywhere.

axient" stepped New York, Sept. 28.

One reason for the incrosso restrictions placed

on the scents: guid Prices of metal futures closed is the demand for tes in all parts part of automobiles. Hop today in come per lb. as follows: of "the world," including the that 14,000 vehicles had Eben

1953 assembled in

and that United States.

Inbout 7200 had been assembled 14.15b

Blightly increased production in the first alx months, of 1954, 13.00p 03.005 was barely keeping pace with United Press.

story Eocial evolution.

and

47. Sind roller-ginnou to modern ration analysis of an individual firm's allsation as exemplified in ginnt contribution to industrial industries today. The makes plain how such arch- indĮvidualists as Lover, and the ("The Mistory of Unilever? everyone feels one Jurgen and Van den Bergh A Study in Economic Growth way or another, the effects on families, were forced to amalga and Social Change" by Charles daily life of tho approachi of

mate their explosive energies, Wilson, Fellow of Jesus College, Big Business to questions Capital and Labour, of scientific But even they would fit Cambridge. Two vols. Carcii research; the effects of its mis- consolation in the epilogue. to ¿eba net)..

and Company, Ltd, London. takes, its crises, ita gambles, the two volumes; - “The Im- its victories.

portant fact in titis post-war world of oils and fats remains the keenly compolitive

cher acter of the trade.

of

anto to say that after a century of amoelafiori and amalgamation there

than enough. The UNILEVER merger

19 more of ne 1029 was only the climax of a competition left in the olls an long sories of amalgamations fats Industries to maintain between businessco which had caliciency; and a better stimulus a stake in more than soap and to efficiency has yet to margarine factories. They con devised.”

trolled, ́ns Unilover dors now, Antarctio

full

be

Trieste Settlement

*Much Closer"

Washington, Sept. 20. The State Department raid today that Italy and Yugoslavia were "much closer to agree- ment," on Trieste but refused 19 The reasons compelling the confirm reports, that the two whaling companies, huge amalgamation that is Uni-countries actually had reached a roferica=-[]} ovor

lever are summerland or the acttlement of the nine-year-old the globe. Of the entire tonnage pressure of powerful, economicument. of olis-and fats,

its way forede the continual demend of world, commerce, they new technological processos for Department toolmenin Lincoln

moro | cnpital, the risks; of, the," raw White, in Thaborée be

oil milis,

[bought- and: prouold. the karffärial market, the unciri:

than

They

third produsis or thosasoila and fats, ties" of the dalı and many other products to market.

Witkout

of a obbliai),

and we hope fên

ero much" oldalar.

be reached soon, ME,

NEW YORK METAL

FUTURES

October

Lead, September Dotober... Tin, September Zine, September Copper, September

October

October

f1b

1063

10.71

39.05

United Pros

20

LONDON METAL

PRICES.

In Britain

dommand a jokesman of a lend-

ink London les firm said. But

he thought the prescrit, Increase

would only be temporary and, would be removed by about the middle of next year,

In a

mobiles had to it of

NEW YORK COFFEE

FUTURES

*New York, Sept. 29, Séntek, "B" poftem Tutaires 10-.

BHUM housewives will now dur closed: 198 to 200% points have to pay from as 88 to`to`s; pound for tea, China, Mail Special

07 001

-WINNIPEG GRAIN PRICES

[de Winnipeg, Sept. 20.

Prieca per bushol in Canadian London Foreign

Oats

LONDON SILVER

"PRICES

Exchange

London,

New York

New York Foreign

Exchan