1954-11-05 — Page 9

THE CHINA MAIL, FRIDAY, NOVEMBER 5, 1954.

Professor Piccard Prepares For Deep Sea Dive

Jean and daughter-in- at faste demare, Tay of Naples, where he is making fat preparations for bis latest below the With his son Jean, he hopes to take the bathysphere. "Birste" series of dlves, A luc fanaty Islands to depths exceeding 8,000 feri, and bring back specimens and photographs of the seabed and sea life. The balhysphere lang in bees brought to Casselle- where some trials will be made in the Bay of Naudes, Lefore the expedition sets of for

the greper Alautio walers-Express Photo.

Prufessur Piccard, the famous underseas explorer, with bis sou

apare

LAVISH SPENDING

REDUCING

DANES' PROSPERITY

Copenhagen, Nov. 4.

1953, to 390,000,600

currency

situation.

which has

(Two plember

at Cub 12 £500,000 badly shaken the fragile polil- Exactly twelve by the end of last dul, it bad afval batange in months of lavish public 1) 1 vnn.sbed,

R

23000,000 Javwr Gait £),

and private spending o At the cot 1 Ju have sufficed to reduce had sunk

Denmark from 2 prosperous little country!

$ 0,99

about 1 250,000+

بادا

ויית l; t

During August, thas position became even wurNG The foreig

lebeit of

it howed

nearly NA DOO,NOG krone (atena! KA- mofiesling that in one

1221- Folketing.

The Opposition parties, Con- rallyes ad Farners. are dating sight, virtually saying to the Government: You got us

ประ mess

| It is up to you

121t

to get us out of it."

The small Radicul Party, which In the 1st!

resort can

with a comfortable pony account for the non keep the Government in power. balance at the National Bank into one which is me.000) swallowing in a finan- cial morass dering where to turn next.

worried. If it thinks that it [can gain public sympathy and, later, votes by switching 113 month me le thun 91,000,000 support to the opposition, it will kroner Caborat £1,580,000) undoubtedly do so. uk Won-worth 196 fmga CUPTOARE The only way out. many

Inverused Location, unemploy- ment and disillusionment fate over 4,100 000 Danes, who only

3 Vem cxta alder days A ears

J'ant harvests and favorable

DIN for trafing, teht that good time. had set my foreve

Gov-

hal vanished

political observers here think, Is another election this nuturna or The oppost- In the New Year.

Bul Hon would like one now.

less the Radicals make its | position untenable, the Gover))- As the adverse balance ofment is certain to hang on, for trade In July, after previous Minis ers know that they would heavy setback, was 200,500,000 only court an expression of the troper (about £14,000,000). It voters fury if they went to the & almost certam that the Na-comtry on their present record. Henal Bank will suffer further ¦---China Mall Special. Jammer in the next few months.

The Souk 1ethetain emment le v Mr Hans Hed-

ft. of pineully thought so tum, 'womtlering has long secund

in

elections F September 1953. with we than bed over their

ival.

W

The man-in-the-street is now where the money will ceme from to pay for the as the balls be- te duur Pa Niti Bank

WI

the Sex ful Democrats doubtless draw upon its credits detene L that a gond ure should be hurt by att

Direct JaxATION was reduced, import resten tons retuxed anandoned, ritically U-

The European Payments Buem and also upon its dollaz asset amount ng to that 600,-! GTR1,000 KIDNEṛ (about £30,000,- | 300), alth

de fregn - lebtection at 1. l givatly WHS exceeds thus +1 fureuta travel.

restricted foreign currency

lunched

OF

still

is

has

granted mabigcars flawed into the enuft- Denmark's position now try In unprecedented numbers that of a

man who and, simultaneously, the Gov-some money in the bank, but crunient

ambitious who entld not persiuly pay all schemes for buskling schools, his debts with

Tú make Istraneks, hospitals, and private matters more difficult the har- houses.

rest is the worst for years and will necessitate large Imports

population.

Drug stops childbirth fears, says doctor

TAKE ONE

SPOONFUL

OF

COURAGE

London, Nov. 4. A spoonful of a harmless

TRADE and COMMERCE SECTION

U.S.Manufacturers'

Sales Jump In September

Washington, Nov. 4.

Manufacturers received more new orders for goods in September, largely military items, than in any month since the business downturn started in mid-1953, the Commerce Department reports.

It also said that manufacturers' sales rose "slightly" and that industry's backlog of unfilled orders jumped for the first time in 19 months. Higher sales were general throughout industry except for auto makers who were getting ready for new model cars.

The Department attributed the business spurt largely to "the increased piącement of defence orders with transportation equipment companies." In other words, the armed services ordered more planes, ships, tanks and motor vehicles,

contracts

The repart came on the herds | Navy disclosed E1 Thursday of Labour Secretory Janes that it has awarded MARCH

thatalling $700,000,000 to the air unemployment

craft industry by

this month-ils At

givatest "dollar volume" of pro cmement for why month January, 1953.

dropped 358,000 warly this month. the same time, however, Census Bureau reported the number of eup.nyt about

the eatler

Wher

Unt

W

A

2:

3/31119

USUAL UPTURN

Manufacturer received $21.- 800,000 in new orders in Sep- 14mber. $2,000,000,000 Inott that in August. The Depart ment said unly $400,000,000 of the increase tauld be attributed to the usant upturn at this tione of your.

sinne

TUBELESS TYRE PRODUCTION

Akron, Nav, 4.

The Firestone Tyre and Rubber Company is pro- ducing tubeless tyres ni its United Bates plants at rate exercding one million per month, according to the Company's President, Mr Lee R. Jackson.

This rate would be in- creamed subs.antially by

early next year, Mr Jack- son said.

Firestone output of tubeless tyres would con- All otc s very large per- centage of the company's lolal production by thka time next year, be added.

-Itcutor.

NEW YORK

STOCK

MARKET

Hongkong Stock Exchange HONGKONG HOTELS TAKE THE LIMELIGHT AGAIN

By A Special Correspondent

In an otherwise featureless market this week, Hongkong Hotels took the limelight again on the strength of rumours that the company was about to accept an offer for the Pedder Street site.

About 100,000 shares changed hands on the week and the price rose sharply from $11.40 to the peak level of $14.10 before a wave of profit-taking brought the shares down to $134, their closing price yesterday afternoon.

As

before casing

Hotels were con- $1 rise to $20.00 evumi, it was a good work forjjbuck slightly, gerunters, Brekers feel certain,{" however, dust this time the denl Trams are rather surprisingly will go through and this infor-holding up well despite the fact mation seems in fairly wide

vide that there Bevuna to be no early

circulation in Tee Huusis Street, prospect of a settlement of the Offletally the compey has no current dispute. Chen In-choy's news but tha troigth of the letter to the Commissioner of present reports would XuRest

Labour Wednesday could not that we may besar sierbung di itt {{s5c#་་,

Jave been more tumblruous but Mere seems to be general con- fidence in lee House Street that ning in be any

The $84 question un fer Honge the Strved In What hap

mile in sold. The company stunts i

collect $11 $12 million—

to

d intend PALITY with part

INVESTMENT INTEREST

Wide

New York, Nov. 4. Post-election enthusia carried the stock market through a second session of! soaring advance today, lift- į active ing prices to new quarter- Over-ali Industrial output has century highs.

tuatest within 4. nnrrow

NARROW FLUCTUATION

As *Ti

Atre

the quemadalam With Hotel and for t

mahe tremble.

Elsewhere

12

marked, make a bonus Banks have dippet hack a few dollars init have held quietly steady. Lanels say a little more netivity yesterday afternoon and »j1xo{ $!_ Wheelocks came It for more buying inquiry buil Datred on the week.

LANE CRAWFORDS UP

Fhrror lic Darry

made Q in Electries good rise Java week on the an- this week. Thes rose abeut $1 ou nouncement at the

I there

ONLY

MAR 15 "If FL Inhel sale by that company;

there Who apparently

me diga westtrent Interest

new luo

It

for several months. ! range

:༥*siltq】 was the most measured by the Federal Re- | netive since August 17, with serve Board Index, it rose al volume uf 3,440,000 shares the wwwk to $34% in the tiny terms are holding up well, must une per coat last month More than 1,000,000 shares of go. Telephones also made ajwas almost inevitable that Lane Gaverminent econorústs said the the total truded between 2 upward surge in manufacturers hek

Crawfords would be affected by and the 3.30 else as orders Indiested a further

this rise prices moved to their highs,

and this week saw them up about is likely.

60 cento op Gadna ranged to 2 points in all groups and some leaders were 3 points higher,

rise

The Commerce Department re- 1,2 port also showed;

World Cotton buy blu

Markets

The backlog 4.1 orders rose by $400,000,000 $47,700,000,000. This 1114

1. Shipraent by all manufuc- Increase siner Jak .. 1953, and the biggest housurers after seasonal adjustment, since the backlog started drop- $200,000,000, or about ping from its récord high ar per cent, during September, re 277,000,000,000 September. Covering part of an August de best level since September 18. slightly lower and remained on

1932.

נו!

No breakdown was avallatate | on the dollar volume of defence Sep- spending included in the tember total. But the report showeri that new order s durable goods Jumper by $2,500,000,000 and for non-dur- able goods by only $400,000,000.

Heavy military buying Fa continued through October. The

World Rubber

The

Markets

cline.

2. Manufacturers'

one

Industrinis. which yesterday scored their sharpest gain in 15 years, added another $3.45 to their average and closed of the j

1820.

4

|

Anakunted Rubber, on tho strength of a good annual repeat (average price realised for all grader during the year was 50.92 New York, Nov.

Malayan cents a 1b), with good Cotton futures today opened pepperts for the future, and with higher raw material prices ruling the difensive for the rest of the Singapore, rose from 98 conte

1 $1.05. inventories

day. Railroads improved $1,72 on at the end of September were average

Closing on the lows, the list to their best

Turnover this week has been since $300,000,000 about one

OF

Per October 4, 1930. Ulities, which showed net losses of 4 to

15 moderate to heavy but on the cent lower than at the end of

points, with the Dee. March and whole the market Pose more than $1 yesterday in August, after seasonal adjust their alsarpest gain since May May deliveries going through stendy, ment. The new Inventory level 1939, added 22 cents more today the resistance points established

rot was $43,200,000.

last week's decline, The Burket opened unchanged to off 7 poin

points. The New Orleana market closed unchanged to 14 points lower.

3. The backlon of "unAlled orders" included $44,900,000,000 in the durable-goods industries ani $2,800,000,000 In non- durablo-goods industries.

This compares with $44,700,000,000 and $2,000,000,000 month cariler

4. The

A

"new orders" placed

during September included $11,-

but still were below their high set in late August.

Steel shares, pening,

hesitant at the Inter met heavy +1- mand. Metals were strong.

Good curninga and dividend news helped several issues— Republic Aviation, Bell Aircraft, Minnesota Mining.

Out of a

High private estimates. plus i heavy new crop marketing and a smaller rate of loan entries than expected, all combined to! blunt new buying interest. Most of the demand developed on a sealt-down basis, eening from domestle mills and shippers Some commission house buying

the was coupled with market rise.. $3,-

total 1,210 isst

higher, 250

300,000,000 in the durable-goods traded, '730 were Industries and $13,800,000,000 in lower.

and $13,000,000,000 August.--United Press.

Singapore, Nov. 4. rubber market opened very steady and advanced on

000 factory trade buying and soine interest. Sellers were very res served and prices advanced on short covering but little off the best, Future closings:

No. 1 rubbes per ib.

Nov. 1-1/16-01-3/10 Dec. 80-15/10-01-1/10 Jon. unquoted No. 2 rubber per m.

Nov. 80-001% No. 3 nibber per lb.

"Nov. 20%-791%

NOV

73-2016

No. 4 rubber per lb. to feed the human and animal drug can allay a woman's spot ser unbaled 30-31

fear of childbirth and blot Blanket crepe.....

No. 1 palo crepa.. 8815=lly? Tooded with the situation, out the memory of the pain,

NEW YORK Private persons were allowed the Goverment has announced a London doctor claims to to borrow for building

hat it will introduce a series day. houses

Futures today closed un- Ber cent, Including of demands for higher taxation

to 15 changed

points higher amortisation repayable over 100 on petrol, beer, spirits, small

with antes of 120 contracts. cost leurs

Two

years, out of loans which

the state between 5 and 6 per rent.

act

luxuries.

other

It is the same anti-fear drug - called methylpentynol

so-called

which is alrendy

prescribed by

being widely

dentists and expected used

by public speakers to kroner give themselves confidence.

Dr Gordon Bourne has tested Mo

These increases are to bring in 400,000,000 The Danes had a wonderful

eb at £20008,000) curing time while it lasted. Private *

next vighteen months. But the drug on 220 mothers, many expenditure, helped by big wage whatever it may do, some con- and salary increases last spring.siderable

of them giving birth to their time must elapse first babies. lovel

nil records. booment correspondingly. Never before there is any appreciable eflect upon the country's econo- New Imle uesition. A further 280,--

Trade

were so many gleaming, new

PAINLESS:

"1" has a pronounced action

apprehension." he reports

American core seen on the fine 000 000 kroner (about £10,000,- double-track Lyngbyvej, leading to Copenhagen's smart suburbs 000) will be pared off public in removing fear and allaying

entofte expenditure. citizens

of Charlottenlund und Gentofte, while the less went by

Some weeks ago, the Govern themselves by eating ment started to curtaft expendi- consoled more than at any

since ture on buildings. The cost of

time

the war, buying new radio sets, the defence services was cut. motor bicycles, clothes and and the bank rate raised to five furniture, and consuming un-and one half per cent. believable quantities of schnopo

and beer.

volume ws

the non-durable goods industries. The New York Stock Ex- That compares with $9,000,000,-

In change bond

380,000.

The American Stock Exchange volume was $10,000 shares.

DOW-JONES AVERAGES

New York Sugar Market

1

Dow-Jones closing averages on Wall Street today were 09 follows:

New York. Nov. 4, World No. 4 sugar futures

30 Industrialo closed today unchanged to point higher with sales of 2020 rails... contracts.

Domestic No. 6 sugar futures unchanged to 3 points higher with sales of 80 contracts,

Trade buying and covering

in raws and firmness

shaped In sentiment futures closings:

Contract No. 4 (world)

both

13 utiles

65 stocka

46 bonde

Comm. future price Index

markets, WINNIPEG GRAIN

is keeping

TODAY'S

SHARE

PRICES

stock (From Our Correspondent),

Attention has now turned to the Government's fourth crop

Busincas done on the Hong- estimate of the season to be kong Stock Exchange this morn published an Monday morning ng amounted to $507.089.60: The average of four private Noon quotations and the mom- cstimates to date. Indientes ning's transactions:

SHARES BUYERS BELLENS BALES

open

crop of 12,905,000 bales.

Trading volumes and interests in the Exchange today DANKS

lik awk Diunit · Volume Open interest

were;

Dec.

Provident

(Old)

14.40 1434 3376 mm 141 Wheelock 7.00 70 3200 (3

34 97.35.00 LAND, ETC.

1 Hotel.. 173% do.00

IK Land

Std Land..

0014..00

34.02

34.75

30003

121.69 Mar.

20.10

$2,000

447,400

43.300

147,200

134.11 July

May

34,000

031,000

10,300

381,000

100.04 17324

Det

1,200

101,700

Dec.

04,700

That Ash INSURANCES

Union.... on 030 Underwriters 0.10

1050 200

10 @ 1840

Unied Press,

Mar.

10,300

SHIITING

Total

150,400 3,700,300 bales.

Waterboat

20 20,20 2000 @ 20

NEW YORK

DOCKS, ETC.

Prices of futures closed today

were re- Shipment offerings

and supply por.ed light in

nerally above a workable basis.

PRICES

as follows:

KC. Wharf.

71:

Spot

น. in

Dock ........ad

24

Der.

34.28

Jan, Mar.

1.22m

Bint

34.

2.20

hiny

3.19

Winnipeg. Nov. 4.

34.04

July

1.242

Hepit.

3.24

Spot (centa por lb, fol

Cuba).

Prices of grain futures closed today in Canaalan cents per

July

Oct,

Dec.

bushel na follows:.

MAE.

320

Contract No. 8

Oats

March

9.43

May

July Rent.

5.01

5.49-5 May

Dec.

0334

July

Prices of futures closed today na follows:-

HUNTYDNITOYE

Realty

01.co

Spat

21.3

Spot No. 1 Ras were quoted at

Nov. Mar.

0.00

0.04 Rye

Liec.

34.30

Mar

34.00

Spot (cents per lb. elf NÝ

Ex-duly)

0.00 United Preas.

•Co.

Mny

34.10

May

120-12014 Det.

July

30.03

34.64

July

20.00

2750

27.40

London Foreign Exchange

Harley Dec. May

Dec. Mar.

.

74.00

United Presa,

1

1107-11

July

Flaxated

2.79 15/16-2.80 1/14 May

Dec.

July

In the local spot market, a small business included January one sheets at 28 cents; Feb- ruary one sheets ct 28% CE.15; March one sheets at 28 cents, all Janded basis.

the Lancet. "The more nervous 20 cents, nominal. Prices:

in

the patient the more the effect,"

Dec.

Dr

Grantly. Dick Head has proved that childbirth can made almost painless without anos!hetics" if the mother forgets her fears and relaxes.

Mar.

May

July

Sop!.

Doo

Most mothers are unable

to

LONDON

do this without long training The market was Brm. 'Prices before their babies are born. of No. 1 spot Rss quoted at 20 New York Afior taking the drug, however, pence per lb. Prices:

To give an example of private

anidelle expenditure, n

class Danish housewife said that sho needed 1 000 Kr (£50) a month

There is talk in political and they can relax. automatically, housekeeping money to feed commercial circles here that the Dr Bourne claims.

BELAXING

her husband and 15- Government may be driven to

Foreigners, not déválug the kroner, which would', This notion is of special value: accustomed to, auch Itvish foed-zive. ita momentary resolte. in emergehey chees where tear Ing, manage easily on less than It may be taken for

granted, and apprehension

are usually half this amount.

however, that Ministers will greatest, Meanwhile, during

make every effort to avoid this

caimed Methylpentynəl trading prices moved against cople and would regard de

for the Dines Bro a proud

nervolia", "patients and als Jowed "thèm to relax to 'me drink in inordinate quantities, valuation, as a slur on their

extent · previously, Ahoughs scared, so that the

tho

year,

Denmark. Coffee, which Danes

country's

self-respect.

coffee bill exceeded even But it may happen. Bomenallen. De nouobe Phy

unprecedented bill for motorcare foreign firms are cairdade and lorries. Fodder prices, fusing to katept.any, I more which mean so much to Den payments in Danish krópénzti

mark, also didmer."

of childbirth,

The National Bank's store of Grave pollicul repercussions effo foreign currency amounted, in have been caused by the foreign

No. 1'spot Jú

28-2014

Beillement houku tarihi,

December- Jan./Mar.

Apt./June

July/Zept.

Nov/De

Ceneral markets,

November

December

January

Emate crepe thin

AMSTERDAM ·

کیم ارد نیم با شوه

The market won steady. Prices closed in guillors per kip CIF Doo” na Zokover!

Mentrval

Amsterdam Brikets Copenhagen

•Part .. Blockholm Zurich.

Others Preko.

Wero

London, Nov. 4.

2.717/18-7.71 9/10

10.0332-1063

120/7767-130,3211⁄2

19.41419.4415

·00132-0031%

14.58% 14.263 12.25-13.55% unchanged.United.

New York Foreign Exchange

-28014 United Press.

The Chicago grain prices, were not received this morning.

NEW YORK COCOA) PRICES

New York, Nov.4. Prices of cocoa, closed today

cinis por lb. na follows:

NEW ORLEANS

LIVERPOOL,

Prices of futures, American

middling, 15/18th, Inchi, In-penco per lbs closed ne follows:

Oct/Nov.

Dec/Jan.

Mar/Apr.

[

May/June

July/Au

UTILITIES

100 21.30

Tram, „........ 16.20 18:50 2060 in 18.00 4 Stre

まず

200

°C. Light (0) – 18 18.201

Light (N)

| Electrio. 36, 3415

Moono Elec. 30.90

Terephone

INDUSTRIALS

Cement Rope

.. 20.40

2000 02

STORES, ETC.

3198

10 Dalry 32,30

32.20

Vndžion

32220 Dufeini Values for to contone Crawford Include:

American middling 15/10th frich 32.73) 16th inch 20,83 Others were unchanged,

SAO PAULO

·Futures · closing prices,, 'in cruzlera's per kilo ns followat

Dec.

20,00

(In the United States,he 46.45 average price of 15/10th mid- 46.20din,dation Mot: 10., dori

• 49,22 | Hot: maritota /wos. 3930

Bales otthond? Ceriregi Lotul Þram100) 37,576: bales,) United Press;

CXYTTONS

1560 8412

23 23:20 1800 20.35

1000 as 20.1 3/7.00 17.90 10.00

NATE 10.30 10.45 4809 @ 10.30 MISCIPLEGANDOUB

DARINE PREK Kings 4.90 -

Exchange Rates