1954-11-09 — Page 9

THE CHINA MAIL, TUESDAY, NOVEMBER 9, 1954.

HISTORIC ATTEMPTS TO UNIFY EUROPE

KAISER WRHEEM 1917

INDIAN

ROMANS #7

CHARLEMAGNE 800

NAZI-FASCIST 1947

NAPOLEON 1812

WESTERN EUROPEAN

UNION 1954

BRITAIN

NETHERLANDS

BELGIUM

· LUXEMBOURG

PRANCE

'W, GERMANY

·ITALY

SAP Newsfeatures

European Union Brings

Old Dream

Nearer

Reality

By WARREN BENNETT

Associated Press Newsfeatures Writer

The Western European Union is the latest in a long series of historic attempts to unify Europe.

near-

When ratified, it will bring a sovereign and rearmed West Germany into an Atlantic community of 340 million free people mobilised for mutual security against the threat of Communist invasion.

The

to

WEU I only

is now most of France, and Lus was given the castland, postwar effort is being

what is today most of Germany, cromonte, chilead and cultur-

Lothair. the eldest grandson, The contin- alau-egyrations on ent.

was given the midland, Other eo-ojerative efforts

the Lombard kingdom Include the Conseil of Europe. prishng the Coul-Strel Prol. the Euro-(Italy) and a strip between

Ben

Curtette Hrin,

COM-

Pratice and Germany extending

Organisation fur Fampean all the way to the North Sea, Economic Co-operation,

Lothair's midland underwent Over and above these is the further partition and has been between North Atlantic Treaty Organssa a beme of contention tlon,

military the French and German peoples in which the forces of

are until the present time, the Wesl

From Integrated.

the controversial midland have come Holland, Belgium, Lux-

WEU is the direct successor | embourg, Alsace, Lorraine, the of the European Defence Com | Saar, Switzerland and Savoy. munity, which was torpedoed

by the French Assembly, It is

of the

Brussels

an expansion pact of 1948 which linked Britain, France and the Benelux countries together. Italy anel West Germany have been added.

of the WEU contains many features of EDC but omits two of its chief stumbling blocks: supranational control and unitled army, Some measure o international control is to maintained through NATO supervision of arms allotments and the size

individual member nation's armies.

of

NUCLEAR

PHYSICISTS

TRADE and

TO MEET AMERICAN

Delhi, Nov.

Nuclear

COMMERCE SECTION

Page

ECONOMY NEW YORK

New Dear Physicists Eisenhower's Trade GATT Important World Cotton

from all over India will meet here during the last week in November to explore possibilities

of applying atomic energy to the industriali- sation of India.

With The world's largest

of

benving thorlum supply monazite sands lying ready for exploitation along her Const and extennive belin of uranium In the centra and Osterns areas of the country, India is well set for chtry into- the atomic age,

Policies

Now Assured

By JOHN MORKA

New York, Nov. 8.

Observers here hailed the recapture of Con- gressional control by the Democrats in last week's A first medium sire reactor U.S. elections as presaging a better climate for Ін now being bulli on the passage of President Eisenhower's programme for islant of Trombay near Boliberalised trade and reduced tariffs.

bay and is expected to go inlo operation by 1956. This 1.- 000,000 plant will be used for

fed by uranhun tailings.

or

from ropper

SECOND PLANT

Although protectionist sentiment is strong in research purposes and will be both the Republican and Democratic parties, it was felt that most immediate effect of the Democratic victory would be the displacement of ranking and influential Republican legislators who opposed passage of the Randall Commission's report urging a three-year extension of the Reciprocal Trade Agreements Programme and other liberal measures to promote international trade.

A svend plant he be operated

by Lhorium will follow.

The Printe Minister, Mr

N. bra who takes a particular interest in the developient of atomic energy is expected to

es de ever the conferestres af The newly fogiste energy departmen:

A formed

The conference will have a three-point agenda.

1. Plans for research work on

atomic energy.

2. Possibilities of

producing

atome energy for industrini une in Inctie,

|

World Gold

Hoarding

Declines

New York, Nov. 8. World as id 1. varding in Le fast twelve

has shital; down and privately held stocki were reduced in 1954, needing

World Currency 12

3. The question of results of nuclear research

uther with Duries,

India has ample supplies of raw material

for atomic use. Along a

of 100 nule stretch the southwest coast from Quilon to Pick's to Cape Cormorin tie depositsport. of bluck

monazite satuds, rich in thorium along the benches und under the sea.

MAIN BELTA

Three main uranium bearing belts have also been discovered,

In central ne in Bihar, India and a third in Rajasthan. In addition to these supplies

nuclear fuel, India wa

beryllium,

rich

To

Mr

Britain

Geneva, Npv. 8.

Peter Thorneycroft, President of the Board of Trade, stated here today that GATT was important to Britain in the "advance towarda convertiblity".

-Markets

Now York, Nov. 8. Cotton prices today went into another slow slide when the Government's November crop forecast exceeded optimistle ex- pectations.

STOCK MARKET

over

New York, Nov. 8. Stocks added well $1,000,000,000 today to the list on the New York Stock Exchange with industrial shares climbing $1 or more a share to new quarter- century high levels.

Trading was active-henviest At the closes the list ruled off since August 11-with closing on 17 to 33 plents. Opening prices buying flurries. not be

were off 1 to points. New Orleans closed 20 to 30 points apurt which lifted prices as Ralls took the play in a late

flo emphasized that wider trade relations and wider payments went hand in hand and could separated.

Regarding amendments to Article 28 of the GATT which deals with assistance to under-developed boun tries wishing to promote Industrial expansion, Mr Thorneycroft

ho wald thought an agreement could be reached.—Reuter.

HONGKONG

STOCK EXCHANGE

From Our Correspondent)

Two members of the Randall Committee, House Ways and Business done on the Hot- Means Committee Chairman

кога Stockt Exchange this 17ael Reed and Rep. Richard morning amounted to $772,063.00.

Simpson, also a member of the Noun quotations and the House Committee, bitterly op-morning's transactions; posed whe Commission's report.

'On the basks of the violent con- SHARES BUYERS KELLERS SAL28

troversy surrounding the report, BANKS

it was felt that President Elsen- hower perforce had to settle for tro-year extension of the Reciprocal Trade

Agreement, with mu provision for any pro- gressive tariff reduction.

Senator Eugene Miliken, Re- pub lean member of the Randall Commission had also led some exceptions to the report and had the Senate renmined in control The annual estimate of private of the Repubileans, it was likely gold stocką, it was reported, re- that he would have remained in dured the 1053 gure of $12,700,- his

as Chairman of the post 000,000 to $1,800,000,000, 6.47werful Senate Finance Com- per cent decline.

Imittee.

BASIC COMPONENTS

President Eisenhower hus

Principal sales of private gold holdings

were reported France, where mardings of bars and coins decimed from $4,000-strongly indicated that one of the 000,000 $3,000,000,000. The basic components incorporating principal buyer of the metal was principles of a lower tariff policy In the "moderators" such ns

the French Stabilisation Fund Wils cuatomy simplication and which are used 10

Private guld stocks abs, teather liberalised measures. slow down the neutrons so that

clined in uther West European chain reaction can be controlled,

Before the elections last week, countries, espeelally in Switzer-it was felt that President Elsen- India is already one

Holland of the land,

and Belgium. tower would

have exercise world's biggest suppliers

where a total of 200 million reconsiderable of

leadership and turned to official ownership. beryl

pressure on recaleftrant legisla- tors of his own party to insure early passage of his programme next year.

and a fertiliser factory by- which will produce

another product heavy water,

moderator" s going up near the Bhakra Nagai Dam on the edge of the Himalayas.

ASIA'S BOARDINGS

Asia's gold hourdlings, under the Inthronee Of the Inda. Chinese partition. Pake from

But the greatest development | $2,400,000,000 to $2,500,000.000.

#S

In the nuclear field as far India is concerned is the an nouncement made last year that the Idahon nuclear reactor in th: United States had succeeded

changing

into thorium on atomic fuck. This enables India to think ahead to long term projecte for otomic In- dustrial development because of her ample werves of thorium bearing monazite and she putting her best scientists work on this aspect of atomic problems-China Mall Special.

--

to

but

=

However, with the Democratie victory his task appears to have cased considerably.

IIK Bink

Ein Anda INSURANCES Union XD SLIPPING

Waterbunt Asia Nay BOOKS, ETC. K. Wharf Dock Provident (Old)

Wheel.

LAND.

I Hotel

HX Land

Humphreys Realia

UTILITIES

Trem

Star Ferry ..

Yimati Ferry

lower

a bate

months

A

much as 3 pointa in Union Paci- Losses

up to $1,60

fc; 2 or more In Santa Fe, drove nearby deliveries to the Atlantic Coast Line, more than lowest lovel In three and

below the point in a host of Mocka, in- $0.40 a' balo

cluding New York Central, scason's highs made on Sept. Rock Island, linols Central, Southern Pacific and Southern

24.

The Oficial Nov. 1 crop Railway. estimated was 13,320,000 balen, compared with 12,611,800 boles repofted month ago and last year's production of 10,480,000 bates, Highest of the private pr: Bureau estimates was 14,000,000 bales.

Trading volumes and Interests in the Exchange day were:

Month

Dec.

open

to-

20,000 48,200

Mar

Volume Open interest

40,000

070,000

Mav

41,000

14,000

July

3,600

332,400

Oct.

4,000

102,300

Dec.

Mar

1,100 2,000

6,000,

18.000

Total

160,400 131,800 balca

NEW YORK

затая

Aircrafts stood out sharply among industrials and Bethle hom Steel

leader, climbing nearly 3 points and others in the group went along, with it.

+

Out of a total 1,232 issues tradled 728 were higher on the day, 200 lower with 2,050,000 shores last Friday.

Tyres were strong with Goodrich up 8%, Goodyear 34. Reynolds metals soared nearly points in its group. Aluminium

2 more than mained

points, Market commentators attri- buted the rise to 'many things mainly inflation and the growth

Prices of futures closed today in business.

as follows:

The New York Stock Ex- change bond volume was $3, 34.05n 700,000.

34.57-08

34,70

The American Stock Ex- 34.83 chango volting was 050,000 74.00

shares

DOW-JONES AVERAGES

Dow-Jones closing averages on Wall Stroot today were FS

closed follows

Spot

Dec.

Mar

10 1040

May

30 1040

July

200

Dot

34.00

Dec

34.02

DID

40

003

Mar

34.02

20 20.20

NEW ORLEANS

1000

70c

1

Prices of

futures

71

303.40

23,49

4500 23.40

as follows:

124.13

15 utilities

69.70

10

Społ

33.00

7.06 73021,000 se

7.05

Dec

34.23

65 stocks

138.41

40 bonda

100.37

Mer

13.49 1311⁄2 4000 » 13.60

May

34.75

Comm. future prien inder

172.79

-United Press

2700 of 1315

July

34.83-84

00

00

Oct.

34.80

01 21.30

Dec

34.80

2.402.121

Mar.

34.71

LIVERPOOL

48.00-18.DO 300 m 18.00

GOB 18.70 500 g 13,00

133 139 154 150

10.40 500 10.30 Light N 13.20 13.40 800 10.30

C. Light (0)

Electric

Telephone INDUSTRIALS

Coment Rape STORES, ETC.

Dalry

Watson

Future

American

closings. middling, 15/10 inch, in pence

per lb. were as follows:

500 13.20

Dec/Jan.

1000 @ 10.30

Mar/Apr.

11.20

May/June

July/Aug.

Oct/Nov.

106 3415 1000 ** 29.40

341 0444 3422 100 347

20.20

3432 1800 341

31.01 34.08

30 Aduktriple

20 rall

New York Sugar

Market

New York, Nov. 8. World No. 4. sugar futures closed today unchanged 10 32.10 point lower with sales of 15 22.17 contracts, 51.99

Domestic No. d'augar futures closed unchanged to 1 point higher with sales of 13, con- tracts,

Future closings were: Contract No. 4. (world)

Official values for spot cottons

Ietude: American midding 18/10th inch 33,60 10.00 17.10

1th inch 2,70 Mexican middling 1-1. Sžnd inch 3427 320.30 1000 a 20.20 | Peruvian Tanguis goods 1-3/16 39.7

SAO PAULO

100 24.10

10.30 2011 3050 m 10.40

4.17 4.20 2000 a 4.20

1. Crawford 24.10 COTTONE

Nanyang MISCELLANEOUS

Allied

2000 4.17

600 4.20

| follows:

to back him on any measures for World Rubber

was in-

Dec.

Markets

Singapore, Nov, 0.

Pick's World Currency Report said that African privale stocks

The Democrals are certain to declined from

$7.800.000.000 to $1,400,000,000

Western hereared defence and

expenditures Hemisphere hoardings she

showed and despite

some disagreement change at $1,400,000,000. Mis with the Administration's foreign cellaneous hoardings, including policy would be inclined to go Australia and Soviet satellites, along with any measures streng- declined from $700,000,000

tothraning overall foreign defence $800,000,000.

and aid programines.

The rubber market was steady all day on overseas and "epme Plek's report said 13

the major

DOMESTIC POLICY

factory buying and political ten- reasons for these movements

sion. Future closings: WITT, In thetr chronological While the best sectors for co- No, 1 rubber per lb. urder: The Ruslan goki salus joperation between the President

Nov. to tie West; the decline of freajond the Democratie Congress up- The Holy Roman Empire was loose. rather ineffective

market prices of bars and coins pears to be in the field of foreign | No. 2 rubber per combine. German kings, bc-

the belier investment prospects} affutra, heavier sailing

Nov. ginning with Otto 1 in 963 took

in Western stock markets and dicated for his domestic policy, No. 3 rubber per ib. the title

Since brolling nations of emperor.

the fercasing bellef in' durable (however, farroved

No, 4 rubber per in. Tradition demanded

that

from the Old World, The peace-United Pices.

There Wng some sentiment Spot rubber unbaled 2211-629% emperor could only be crowned United States becume the

Rome

which indicated that the Congris. Blanket crepe by the Pope, the arsenal and the breadbaskep of Teutonis kings

expedi- the democracles

sional power-shift had injected No. 1 pale crepe mado

NEW YORK a new element of uncertainty in tion to Rome at the head of an

Futures today closed 55 10 75 the overall business pick-up. But army of German princes to be

this coleric was

over-balanced Points higher with sales of 143 invested with the title, Each

contracts. by predictions that the power- became nominally the sovereign

Strength of London and the change would not result in any paucity of shipment offerings, of Germany and of Italy,

majër U.S. policy shlit-United

occasioned

partly by a holiday Press,

In Indonesia, were quoted 28% cents a pound, nom,

Most of the terminal market

with

but

the power of the emperors was weakened through almost con- stant struggles and intrigues against the Pope.

The arcompanying six one- column maps show pame of the unity attemple to

historical Europe.

by far

the lasted

The first and most Vaat was Empire which than three centuries

shortlived

Europe were culminated in world wars, em-

in each

and was a mojor factor in the New York Foreign

defeat of Kaiser Wilhelm 1918 and Hitler in 1945,

in

History recordia that many of the attempts to unify Europe were by milltary means by peoplo who today would bo called dictators,

The current moves for unity

Q.DB

for

Exchange

England-official

India

hleti

Jow

10-day

C-month

New York, Nov. 8..

2.7036 moment

7.66-2.70 30-day, futures .. 2.79-21/32 bo-day futurer ..

2.70-21/32 Australia

22332 New Zealand

1.787

2001 Canadian dollar rate:

buyers seller

1.03% Spol: class

1.03-8/33 1.03-5/3 1.0315

1.83-5/32 1.83-1/32 10334 1.02-20/32 1.07/23/32 103-21/32 102-23/32 United Pres

Europe during the Middle Agco was Un Aren of inde in Western Europe today pendent kingdoms and feuding being made primarily becausé jorda, In the 19th Century, of the threat of Russian ana Napoleon Bonaparte, the little The paramount aspect of WEU

became the greatest today is for security but there Future: -day 103-17 Corsican, the

soldier in the history of France is recognition of the need foman

and by his battlefield exploits political, economie and cultural more extended French rule and

Spain and Italy into most of the then

most of what is now Germany.

One of the big civiilsed world. Only Germany, Sweden,

now factors Portugal, inhabited then by

Eng

Hand, a major change In British barbario tribes, remained

with its massive sen power, and policy. England last month out-

safe within the vast abandoned her traditional post- Roman Russia legions. It attained its greatest of the Eurasian area under the reign

on of power in: Europe so that har

compassed

sparsely

Sido

the domain

of

en-

of En- peror Trajan in 117-AD. when Roman territory stretched from the tip of Spain all the way to the Caspian Sea.

The next important

was that of Charlemagne

withstood

: slaughts..

Napoleonic

from co-operation.

is

London Foreign

Exchange sieppes, tion of maintaining a balance

empire who

Napoleon's Invasion of Russia

in 800 ruled the greater part and defeat at Mow in 1619

Own

if

decisions would be decisivo

Chicago Grain Prices

Chicago, Nov. 8. Prices per bushel in conto:

rices per

Closing prices

Wheat, No. 2, ređ Spot Dec. 223 (11) 222 (1)

Nov. J.

Nov- Nov.

business

6236-0222

82 7/74-02 0/10

0214-6215

#136-2132

30-007

TA-77

80-00

originated among

-

3,221

Jan.

Futures

closing, prices, in

Mar.

Mar

cruzeiros

pur kilo were 65

July Sept.

Dec.

30.27

Spot-teenta per b

31.30

May

2071

July

29.775

tob Cuba) 3.25 Contract No.

Oct.

29.05

(In the United States, the average price 15/16 middling

Mar.

May

July

Sept.

Nov

at 10 designated spot markets was 33.83 cents per pound. Sales at these centres tofalled 59,939 bales.)-United Press.

Spot (cents per in, cit

NY ex-duty) 0,70

nited Press,

World Natural

Rubber Production Up

Washington, Nov. 8.

The Commerce Department today reported that world natural rubber production for the first nine months of 1954 totalled 1,300,000 long tons, which was an increase of 30,000 tons over the same

The Department quoting figures from the Secretariat of the International Rubber Study Group said September 1954 production was 165,000 tons compared with 147,500 in September 1953.

dealers, a good part of the period in 1953. trade represented in exchange of December for the March and May deliveries.

a fair In the spot markot, sized business developed in the afternoon following at 28% and later at 285% cents and ong World natural rubber conqump Russian and Chinese stocks and shoots for November at 28% 4lon in September 1984 was Government. stock in the cents. Future closings were estimated at 180,00 tons com United States, the United King- pared with 137,800 dons in dom and France) and 172,500 September 1953.

tons afoot, and The cumulative nine months* World synthetic rubber opera“ consumption total dor 1984 was flons, (exciting Russia) for 1,255,000 tons from the corron Sept. 1934 were as follows The rubber market was very | 163}k=148 |

ponding figmes dri 1953 of Production and consumption steady. No. 1 Ras apot quoted 4-44 at 2614 pence per lb. Prices:,280,000 tons Imports of balanced at 60,000 tone, end-of-

No. 1 spot Tham

2012-2016 Dural rubber into Rusela and month stocks 17,500 tons, down Chine included in theated 31, 1933 position. I

12,500 tons from the December 133-4 sumption;

212-2221

Dec.

Mar,

BAT.

MAY

May

July

210-$105

July

· *| Com, Vio, 2, yellow

Sept.

Dec.

Spot

Des.

Mar.

Londo

2.79-23

Nov. B May

July

2,70-11 62.71-1/10 Bept.

20,0174-20.02

Rye Det 12.30-18.35 Unchanged-Unties ar

May

No. 2, yeik

Exchange Rates

British Foreign New York. Anthony Eden Montreal. that British troops Parts

Osin would be maintained on the Zurich. continent,

Others committed "dis ( nde

∙Prons vice to her Western European

11 bet

at Western Europe, from "the diâ much to bring about his | - zhis la incit Doognition Ebro River in Spalf to the Eibe overthrow, and exile two years | that the balance of power,

in, Germany. But Charlemagno's later," "Almost a contary, sink, 'a: Europe toda "istin," the "empire was divided among his half later, Adolf Hitler, was to of Soviet

hery, according to Frankish

kish make the same, military blund

Custom The Treaty of Verdun er end the cost of his drous Wat

in 843: aplis, the umpire inte

thred parts, one to each of his declalyDECK RECAN

My about.

graudson To Charles wont the two German allanole

erland," cumprising what dominate the continuat

Bettlemont house farm:

Fan/Mars

Apr/June

July/Sept/

Oct/Doo

29.75

28.03

28.00

28.28

$1,500 is wore

Sept. 1954, 1983, otipit was ortirantað í st 9,350 Ad In September 1953, 68,400 tore and consumption General marksis, cif basis, ports: :: 01,875 tons in January-Septem- $7,500, tons, In the Drav rins Nov,

Bor: $1884 and 89200 tuo in monthe, of 1984-produc Von, was -24-3/10 Der...

January-September 1989, pu placed at €20,000 tons and con Kelatejkrepe, thick pin unquoted makin

Tho mat

Pried

1953 the