1954-10-21 — Page 9

FIELD MARSHAL VISCOUNT MONTGOMERY IN TURKEY

THE CHINA MAIL, THURSDAY, OCTOBER 21, 1954.

Field Marshal Viscount Montgomery, the Deputy Supreme Allied Commander, Europe, is seen on his arrival si Ankara Airpork, for his recent two-day official visit to Turkey. He was net by General Nureddin Baransel, Turkish Chief of Staff-Express Photo

British Headquarters In Germany Nearing Completion

By A Special Correspondent

Bonn, Oct. 20.

The British Forces' ultra-modern combined headquarters west of the Rhino, now nearing completion, is the biggest and most expensive such building project ever put up by the British Army outside Britain.

The headquarters is expected to begin to move in at the beginning of October,

By Christmas, it is hoped to have everyone, families, office staffs, Naafi shops and schools, settled there.

raid

German

The entire

project,

Colonel

Grattan told me, has been built with an eye on spanding in the building stage, while the Ger- mans are paying, and saving on maintenance.

about

The site, in the Rheindahler, Offlcers say that it is not in- head- forest, mae Muenchen Gladbach, I tended

ů wartime has been provided by the West quarters and has no cellers or Geman Government, The cost air

shelters. Observers of the project, about 160,000,000 here believe, however, that these mJ.ks tovar £13,330,000) plus might be built later, by Bei Ish 12,000,000 marks (about

and not iroops,

by NO ROO) for furnishings. Js allworkmen of unknown reliability erming ou, of Occupation costs and discretion.

by Germany.

The front of the office block The only expose which Bri-faces n wide lawn, with a large pain with nga maar will be the parade ground for guards of

West DADANA BAArve after

Ger- honour Immediately in front of leading to the main the sleps many has revived sovereignty.

entrance. was chosen in the The ite

Colonel Harry runner of 1962

Anyone on that parade ground heating Galuar, of the Royal Engineers, will know that two floors above machinery. It will project has him, overlooking the square, ure wh.a

buy this been since it began, was faced the offices of both the Army and house

of virgin pine Al: Frree Commanders-in-Chief, urek wind Thice weeks Their design

Engineer zoning equal.

with

Jater,

the

forest und mary

The German water company offered to supply water costing

£20,000 a year.

But Colonel Grattan conducted bor

water- ing and built his own works. The result is an excel- Jent supply which will cast only

£6,000 steding a year to run.

There

is an enormous arco- German plants with

CON- jess coal than if cach Were to -bo heated

usn

TRADE and

COMMERCE SECTION

Ceylon Rubber Men

Rubber Men American Cotton Expected Better

Deal With China

Colombo, Oct. 20.

Trade circles were disappointed on the price agreed in negotiations in Peking for Ceylon rubber, it was learned today, th

A source said rubber men here expected a little more because the present world price of 22 pence now falls short only a little below the new price China will pay Ceylon. They had hoped for a bigger margin between the two prices.

On the whole, however, taking into account the reduction in the price of Chinese rice, the source said, trades characterised the new prices as beneficial Ceylon.

to

the price

Twenty-seven pence for athe £10 drop in pound of Ceylon rubber in ex- which Ceylon has to pay for change for Chinese rice at £30 och ton of Chinese rice will

a on are the baste prices agreed compensate for any loss on upon by Ceylon and China for rubber. It is stated that Ceylon next year in the five-year pact | wili rave £30 million from between the two countries.

this agreement.

The new price répresents A fall of one penny for rubber but

the

Chicago Grain

Market

EXCESS RICE

and

Consumption

Washington, Oct. 20. The Census Bureau re- ported today that ' about 815.315 running bales of sation were consutnéd fu the United States September, compared to 703,461 bales in the

the aimliar

month of, 1953, 2, 1

In its monthly Industry

on cotton

to

wrid

the

linters stafintion, Bureau sald 1,482,758 bales were consumed during the iwo months period through September, compared 10 1,480,848, bales in the dare. responding period of lab уске.

Cotton on handʻon Oct- ober 2 in consuming retake lishments amounted... · to 1,107,846 bales comparti jo 1,896,021 earlier.United

Prezz

HONGKONG

STOCK EXCHANGE

(From Our Correspondant)

Business done on the Hong kong Stock Exchange this morn- ing amounted to $329,264, Noon quotations and the morning's fransactions:

Puge 9

A Big Increase In East-West Trade Expected

* Geneva, Oct, 20.

A big increase of trade between West and East Europe is expected to follow the Economic Commission for Europe's current meeting in Geneva:

The talks are the first of their kind since 1949, Then violent quarrels caused a deadlock as Eastern European countries refused to lift embargoes

| strategic materials to the East.

Now the delegates are opti-

mistle. For this meeting Is the élrest outcome of ✡ Soviet

on

resolutish demanding the World Cotton

of

moval of ali obstacles to foreign trade and the conclusion long-term trade and payments 'agreements between East West." was put forward Inst

and

year by Russlan Deputy | Minister of Trade, Mr Pavel

Kumykin.

Markets

New York, Oct. 20. Colton futures, were narrow and mixed in quiet dealings to- day.

Closing on a reaction, the list was down 5 to 8 points. Opened points lower to 3 points higher. New Orleans futures filated points to 7 points lover." At the outset, hedge

saltin

Britain's trado for the next three years with Russia will emcunt to £270 million a year. If short and long-term agree-2 ments can be repched, it could casliy be trebled, according to reports put out by the E.C.E. FAVOURABLE IMPETUS

The quantities to be traded between the two countries aro about 200,000 tons of ried

50,000 tons of rubber. It under- stood the Ceylon delegation which negotiated this deal at Peking asked China for temns under which Ceylon would be able to ship direct from China

The raising of embargoes by scale-down demand from irade to Japan any quantity of rice in SHARES BUYERS SELLERS SALES materials is likely to give fav

the West on certain strategic interests.

Prices continued within a excess of Ceylon's requirements.

ourable impetus to the negotia-narrow range throughout the tions.

afternoon with hedging slightly

A government ometal cold Ceylon now has 60,000 tons of surplus Chinese rice and with better crops expected the plus 19. lkoly, to increase next.

year.

י..

sur

BANKS

HK Bank East Asia

1848 1800

*200

INSURANCES

Lombard

Underwriters

Я

to

DOCKS, ETC.

K. Whart ..67% Dock

22.30

Chicago, Oct. 20. Soybes na moved ahead on Board of Trade totlay strongly on prospects of a step- up in export sales, but the balance of the grain list slipped,

Small

of Foybeans Amounts seld were

overnight to Denmark, and exporters sald Western Germany, Holland. Japan and Formcsa olpo are in the market for beans.

Except for scattered sales, domestic flour business and CX- port trade in wheat were slow,

Meanwhile the rubber plant- putting pressure on the futures.

scheduled to buying Advisory Board has decided Portugal 350,000 bushels of U.S. wheat to ask the Ministers of Finance next Tuesday, however, and ex- and Agriculture to release five porters foresee

million rupees no increase

from the Prico. their business because of crop, rastie cut Tr next year plants Stabilisation Fund to avoid a fellures in Europe.

in

Wheat closedoyo 1% cents, (soybeans up 1% to 3 cents.

At Winnipeg, wheat was priced at 102% cents for No. 3, and for No. 5, it was at 155% cents per bushol-United Press.

CHICAGO GRAIN PRICES

Chiengo; Oct. 20. Prices per bushel in cents:

Closing pricza

run

Wheat, No. 2. red

Spot Dec. 210(1) 21n(L)....... MAT. May July

213n 218-21811⁄2 - 221 21046

23934-14

separately. is precisely. The plant, which can

can be with

very few mon, uses about officers, told

day when plans were ready and contraris me that efforts had been made 200 tons of coal a had been handed out for laying not to give the General some- fully extended in the depth of Corn, No. 2, Follow down 20 miles of concrete road-thing the Air Marshal had not; winter. way so that all parts of the site or vice versa, could be reached.

The roadway

was completed by March 1953.

The aile, nearly 1,000 acres, is

covered

пош

with low white buildings, sports fields,

Naval C-in-C

Ja

14236

Japan, which had refused buy any, surplus Chinese rice this. year, is understood to have ex- pressed willingness to consider buying Ceylon's surplus next year.

Ing programme and to, maintain. the prosent rate of the planting salleme. United Press,

World Rubber

Markets

Singapore, Oct. 20. The rubber market was very steady on short speculative |covering, Oversons enquiry was. fair, and fair interest in mil's Future and blanket crepes. closings were:

No. 1 rubber per lb.

November..... December

January

No. 1 rubber per lb.

November

No. 1 rubber per ii..

November No, rubber per lb.

November

£1

The steam is pumped under pressure through a main circuit of about one to one and heat is half miles and the Laken up by smaller converter

These heat their own Nye stations. circuits, which in turn heat the various bulidings.

Spot

Dec.

Mar

May

July

Dec.

13312

Spat rubber unbaledi

The

The

four schools are to be run on normal British Hnca by British teachers.

Two

Mar.

Data

Dec.

Mar.

80-79%

offices, On the floor below, the housing blacks, waterworks, office of the Naval Commander- schools, heating plants, Naad in-Chief.

There is no provision shops, clubs and messes in i for offices for a possible future various stages of completion. German army liaison team. About 7.500 Bellish and 2,500

schools, for 500 children Beyond the lawns, and to the Germans will be housed there.

and left of the main head-oach, will include rooms for the right and Some 200,000 large and 500,000

block, stretch the few Belgian and Dutch children Soybeans, No. 2, yellow quarters small trees had to be removed married quarters, offices, and on the site, who will have their from the site, and Colonel canteens.

bre 1,120 own teachers... Grattan had to order. 10 tons of married quarters, 138 barrack wax just for the floors and wall huts, 19 messes, four clubs, four to 250 children. panciling.

The Reason

The reasons for moving

There

J

Spot

A third school' will be' for

200.1

Nov

Jen.

May

July

The fourth will be a secondary schools and 17

sports grounds.

fichool for 400 children between The Germans are organising a

the ages of 11 and 18. The Barley service through the camp children will be brought to and bus nnd to the nearest GermÞÚ

as from school by their own bus towns and villages, such the Rheindahl, which was founded services if necessary. headquarters from its present by the Duke of Cambridge

even has its Bad at

Oeynhausen, a

museum, complete with No Recurrence pleasant, spa town on the road own to Hanover, have been given by Roman and subsequent remains the building General

during Gale, found

the operations.

There are also two hotels for

site

Sir Richard Commander-in-Chief

Rhine Army.

said

ot

1370. The camp

Of The

.*

274150

2794-200

Blanket crope

No. 1 pale crebe ...

/16-77-11/10

unquoteis 7715-7745

070

NEW YORK

Futures cipaed today 30 to 45 points higher with pales of 157 contracts.

ware

130-150

3500 14.40

Provident (0) 14.30 14.50 300 # 14.40 Wheelock 7.70 7.80 2400 -74

:

other

against new crop glarings and scattered liquidation supplied

Month

were

Volume Open interest

in

excess of price fixing. Russia ant ficr Eastom

Part of the offerings satellites want electrical goods, presumed to

represent nill machinery of all sorts, cooking liquidation of long positions in utensils, cargo ships, and certain futures following the acquisition foodstuffs. In return they are of spot cotton in the south. prepared to exchange grain and

Trading volumes and open foodstuffs, machinery, interests in the Exchange today wood pulp, oil fiels, and raw were: LAND, ETC.

materfois. HK Hotel 10.70 10.90

Both West and East Germany Det. BK Land

58 saja S'hat Land

14000 1.40 have scht full delegations, Humphreys .. 20.20 2012

The only European countries 230 (20.30

are, Ireland, July 500 to 20.30 not, represented" 230 # 20.30 TITLES Realty XD 2.10 2.13% 3000 2.10 Spain and Portugal. Fram

· 16 10.30 850 € 18.10 Star Ferry Youma Ferry

'Light (D)

132

4500

C. Light (N) 12.70 18.40 300

Electric

700

Telephone 37.50 27.46

INDUSTRIALS

Cement

2450.

500

009. ZE SEIR ****

Hope STORES, ETC.

Dziry Walion COTTONS Nanyang MISCELL

Yenguze Ailled

171

24.70 $1.00

10:90 17.30 200 6 10.00

10.10.

4.15 41%

150 or 10.30

2400 10.10

Convertibility Warning

Plea To Open

Alexandra

Market

Liverpool, Oct. 20,

Dec.

Mar

Miry

поле

40,200 30,900

28.300 9,100

Oct.

Dec.

1.000 2,000

Mar.

200

Total

TE

2,500 617,400 617.500

344,300 96,900

02:00

11500

2.612,500 kales

NEW YORK

Prices of futures closed today

as follows:.

Spot

May

JULY

Oct

Dec.

NEW ORLEANS

Prices of futures, closed today.

Spot

May

The Liverpool cotton futures marke: is sending by air to Cary as follows: tomorrow a delegation of im port members to discuss with Lee. the Egyptian Government the Mar. possibility of re-opening the July Alexandra cotton futures market Oct.

Dea. carly next year when Liverpool Star. launches its new contract) for long staple enttons.

The delegation includes Mr A. J. Kentish Barnes, President of the Cotton Association; Mr John Corey, Vice-President; Mr A, H. Dixon, the Secretary; Mr JT. Porritt, one

of the. directors: and Mr D. F. Stead

LIVERPOOL,

Future' closing prices, Amérin, can middling cotton, 18/16 frich, in ponce per Ib. were as follows:

Oct/Nov.

Dec/Jatt Mar/Apr.

→May/Jzno

July/Aug.

37.14

20 32.24

* Official, values for 'spot cottons

American midating

London, Oct. 20.. Speaking at the Lord Mayor's banquet to the bankers and mer-erber specially famfilar cludes

with the Egyptian market. chants of the City of London, Mr C. F. Cobboil, Governor of the Actual, negotiation with the Bank of England, cautioned the Government are due to start on as embled bankers not to make, October 26; the missión, hopus-

fetish of "the convertibility of to be back In Liverpool by sterling."

November 3.

of

trading

18/18th ch 71, 3301 11th Inch

* Mexican, middling

1-132nd inch

Otters were unchanged.

futures The raw

KARACHI

34.14

cotton fluctuated

The Alexandra

1952 but Liverpool traders air In futures, including announcement which expoated cover about $25,000 bales of long staples, ceased as far back

staple as March 31, 1841, Trading, in long

types cotton for Pakistan. American middling edtions futures was resumed last May.

United Press,

"

He said: "I am suspicious of The market was quiet but the word convertibility, werd market was closed down when awaiting American als steady with no consumer in to ask even this di tinguished terest reported. Most of the audience for individual defini-November activity centred on the exchange. tions, I believe that I should get

In the spot market, No. 1 Ris

quoted at 2734 cents, surprising variety of answers. To my mind, this is not an Future closings were:

absolute question but a question of degree.. I do not reengren wall behind which sterling le‘In- convertible and in front of which it is convertible. Rather do I sco

aceplechase Long course with fehere to be jumped at intervals, bome differ from Thol market was very Arm others but with a lot of steady plodding In beteren.” United PICES.

Spot

New York four

Dec.

Mar.

200 lb. sack

$14.70A -United From

May

July

Sept.

Dec.

WINNIPEG GRAIN PRICES

Winnipeg. Oct. 20. Prices grain futures closed to-

LONDON

$7.59

27.18

27.00

24.64

20.08.

Ho that the buildings transit guests and two cinemas. Pilgrim Affair day in Canadian cents per bushel with No. 1 Rus spot quoted at requisitioned by the Army

in

One

of Colonel

the Oeynhausen area would in triumphs has been the intro-

ofTM

of

expanses of good any case have to be given back duction

The Government has taken soma time to

their German English-type lawn. Germans

He action to prevent a recurrence do not understand grass he Owners

But of complained. Moreover, the present site

the "Pilgrim Affair" in which July one of his the headquarters had boon officers was af nurseryman in a man committed suicide be- chosen ; when the role of the civilian life and Briuth Army in Germany was trees, and, grund, understood both tause the local authority com

as follows-

London, Oct. 20.

Oct. Dec. May

Пуб

Ciet.

chapbo!!

bectar

Kivon

them when

pulsorily purchased a plece of Once land £65 that he had The housing is "War had standard housing with some bought for £500

The suicide of Mr Edward have, for example cellars, on which the last month was raised at the insisted since,

conference, Oct the come Conservative

and caused contro May How scattered, will henceforis whole project will revert

the British Army throughout the country

Dec.

ay

July

13EC.

May

July

Deu.

to

purely that of an occupying force, Since

the

role

thebeadquarters site modifentions to Germani; tastes. } pilgrim":49, of Remford, Essex/

Se Thor by Changed too.

had to

Army headquarters, which

Air Forca and

THE

are Germans

“bà, in thể vsame block of bulldunun e Germany. - Each house Any amentiamat - 18, bơing in- |

Irige. At present, inter-services have has what is describe

Eo-ordination - has to be carried

by long and tedious journeys.

cause of the

moveyors berpis.com

Ve

strictly Catrategie. It

ohi commen sanse stoj to

** Headquarters in

bién could be reache

ed

aan infant sind, dog-groof

troduced a bill now roing "through" Parliament which will

enable a Minater car suthoriso

special paythan in cular cos New York Stock

Market

of this kiidachlose Mall Special

Badles Identified

2547 pence per lb.”. Pr

Bälllemast house. terminiZOR

Deg.

Generst

Oct

New York Foreign Exchange

(England

2436

ipor

New

LONDON WOOL TOPS MARKET.

London, Oct; 20,- Wool tops futures market abced steady but the trond downward was resumed, though.

hlsochwalts.the news of Japan. It is reported that the market Pakistan agreement which ben, ieved to be conluded Boon. Prices closed today in rupees per mkund as follows:

4-7Sind roller-gaffined; vý 280 TNT Sind, toller-ginned WALDATT 289 TNT, Punjab,» rollereginned, 18 mv-gloned or *De-United "Prik

moderately. Turnover. w New York Sugar

lote: Clöking priccain”, pénce

per 15 were

October

December

TOPS

Market

Now! Torks Oct, 20 World No closed today 1 point point lower with sald

estio?

points