THE CHINA MAIL, MONDAY, NOVEMBER 29, 1954.
Ex-King Leopold Buys New Car
Ex King Leopold of Belgium (right) and his wife, the Princess
Vignale cartage factory in Turin, Haly, to buy a new car.
Rethy, ylalt De Express Phole.
the
A Beauty Contest -Stardom And A Royal Handshake
Rome, Nov. 128.
Bikini bench weat
I walked in
With
a number pinned
Italian (Roberto Russellini) for her director and husband, tour-
H
TRADE and COMMERCE SECTION
WALL STREET RISE NEW YORK
No Fears 1929 Will Repeat Itself
VASTLY DIFFERENT CONDITIONS PREVAIL
From Ronald Boxall
London, Nov. 28. The world has stood in vague fear of Wall Street ever since the New York Stock Market crash in 1929 touched off the great depression. So that it was of more than passing interest when last week United States industrial stock prices broke through the peak which marked the end of
NEW YORK NEW DANISH
CAR
FERRY
Copenhagen, Nov. 29.
The Danish stalo rail- ways are to build double docker car ferry to help deal
of
with the congestion vehicles crossing the Great Hell, the nightcon- milo stretch of water separating the Island of Zealand on which Copen- hagen stande, from Funen and Jutland.'
by
The ferry will be built the Helsinger ship- building company and will provide space for roughly two hundred cars and lower desk
lorries.
The
will bo high enough to take big lorries and both decks will be connected with the shore by landing bridges,
The designers bellevo that A full ferry-load of vehicles can be loaded or discharged in twenty-Ovo minutes. - Chlos Mall Special.
the "roaring twenties" and the beginning of the HONGKONG
"lean thirties."
"
STOCK EXCHANGE
But there is no reason to fear that history is about to repeat itself. And this is not simply that we know more about dynamics of "boom and It is because dramatic bust" than we did 25 years ago. huruisbaltered Europe with back, to that
Cotatorio, Honnegger's "Joan at conditions Wall Street today are vastly (From Our Correspondent) Tew the Blake.
There was no tam for their different from those of 1929. kind in Bentian Alus, the frus- talexi critics sand.
Beauty contests, uncefal
summertime amiseth royalty,
who earping
men
1st could they net,
asked" All Italians are natural Betors, the enthusiasts replied, and the still
be-small voice which added "num
in
2
ment for the girls took part and the who judged, have come a grim business Italy since the rise Gina Lollobrigida
unters," was lost in th. aturoval.
of
of
Munwhile,
to
the only
cording to dise
Anna Magnam,
ac actress in Italy
old school, lelt Tennessee
dom..
The way to the stors started for rest with a beauty contest, In high heels and Bikini, un- Iran, like Himmanis-born Nedia Gray, one spoke Mix languages and needed no dubbing
Stelian-born Eugenia Bonino, America willi Williams to make aim of Mass Maly 1954, recovered from
international film star-for
“ beauty
voduplust
Contest
It A which aduertend Man uncuceta Citem. k! tainer wouis huse buke further afield than the beauty compotation arent ever since
Just bow seriously Itahari take their beauty contesta was herp when 18-year-old
8ཡཱ་
Mi aty 1954, Eugenia Bonino, a car accident
was involved m
on the eve of the Ma Wond
contest in Landon.
She Jid troom
represent
Italy
い
Scan
brunette f classical propot - Turns. endowed whh a sweet smile,
wait for how dar tren
mould
thet
from
winch
Panten
No blonde €1.264
***
wer dig m
was serit milf
WAN stadignant
"Rose Tutku."
Ingrid Bergh, whus Italy for
ber
studio and
the Cur 5. wondered eliose į whether her chance would come
again-Ching Mall Special.
Dismissals Cause
Unrest In Hungary
on
Looking back the strangest thing about the Wall Street crash was that no one saw it coming.
Between 1927 and 1920 the Current Wall Stævet conditions
Average Dow Jones
which are vastly different from those measures industrial stock values of 1929. There is nothing of the on Wall Street rose from around world speculation that was rife then. Most buying is for jong- 100 to 381.17.
no for Let Investment sudden proft.
And it is not being done to anything like the same extent on borrowed money.
But L was not so much the extent of the rise as the public | lyster@ * thay characterised its
Inter
thu sevms so in- stapes evedible in retrospect.
A DESCRIPTION
What happened scribed by Paul Professor Massachusetts
| Technology:
man
market
ai
Anuther
and
reason for thinking that the 1034 boom will not be followed by the 1929-type crash 1x
the that in
meantime the world has gone through severe inflation which
has left prices far higher than they were 25 Only industrial stock years ago. prices have Ingged behind.
has been de- A. Samuelson, Economles of
Institute of Housewies, pull- porters, college students between classes-all bought and Looked at in this light the wold common and preferred rise on Wall Street appears, it stocks. Most purchases in this anything, to be belated. And will bull'
were this suggests that the 1929 margin': that to say the buyer milestone inay be left woll be- of 10,000 dollars worth of stocks hind before stock values comme ¦ only had to put up 2,500 dollars into line with other prices. or lesu in cash, borrowing the Recent large-scale dismissals in Hungary difference by pledging his new- What matter have caused so much trouble and unrest in the ly bought stocks.
that he had to pay his bather is ave Government
ve. Mix J seven per cent a country that the Communist having considerable difficulty in restoring calm,
Vienna, Nov. 28.
The Sterling beanly father | according to reports reaching Vienna.
piy my daughter line the right to repres London," ta cher- sent holy in clared
Somy said that he would take legal action agens; the organi sem, others thought that he was only
trying to Confort Fant daughter, whose dreams
world's ni
being judged them
17
beautiful gul were so abruptly
phaltered.
Inly's two box offer attrac- tim drown
and from just
have present beauty QUEENS, achieved International fame from gince miles of celluloid Itahan studios begna to run through the elnema projectors of local cucinas all over the work.
Halian fim nctresses kor have inhibitions about Aheir age. The only thing they try to conceal is the date
success in a beauty
Nothing dales
eir first
contest,
they
Kuy
Even
elain
According to Szebad Nep, the official orgm of the Communist party, actinistration expenses 110 for the State must bo reduced by "at least 230,000,000 forints (about &7,000,000). In addition,
office rooms many freed for flats.
of
must
be
vite
rear on his borrowing when in day Auburn Motors of Bethlehem Steel might Jump 10 per cent in value-when the whole world is mad it is folly to be Sane ...
amministrative em- had to
to fell the
manual work.
US TEXTILE
MARKETS
מאת
Business done on the Hong- kong Stock Exchange this morn- umounted to $881,760.50. Noon quotations and the men- ing's transactions:
SHARES BUYERS HELLENS SALES BANKS
KK Bank Sun Asta INSURANCES
Union
1070 1490
202
DID UZJ
canbagel Underweltein
KUL,
030
DOCKS. ETC
7014
K Wharf Dock
נת
100 7515
Wheelock XU 095 7 13 1000 LAND, ETC
HK Hotel
15.30 1.60 1000
STOCK
MARKET
REVIEW
By Elmer Walzer
COTTON
MARKET
REVIEW
By William Plunkett
New York, Nov. 28.
Cotton prices this week staged smart recovery
龉
after the December de livery dropped to its lowest level in seven months.
New York, Nov. 28. Ai Friday's close the list ruleå Industrial shares this 25 to 40 points-$1.25 to $2 a week reached their
best bale-higher than the preceding
week, and ended a prevlour tort- levels in stock exchange night of uninterrupted declines, history when they crossed the 1929 tops unsealed for more than 26 years.
The industrial average closed at 387.79, up 9.78 points on the week.
December Absorption tenders by mills and god Arm, plus exporter covering against export sales to Spain, Formosa and much heavier and Korou, producer entries under the Gov- ernment loan programme, were Railronds at 132.27. up 2.08 Melors combining to turn the while the utility average finish-ide. ed the week at 10.75, up only 10 cents.
The market was the broadest In history for a holiday week, A total of 1.438 issues appeared On the tape. Of these 840 advanced; 342 declined, and 150 held unchanged.
Huge blocks changed running to 20,000 shares.
Expectations that the new Congress will witness an mrly drive to keep cotton price sup poris on a rigid 00 per cent of parity basis, no
mulier what the size of the
crop may be, and speculative interest atirred up by the stock markel rise to hands, new quarter-century highs, were other background factors on the recovery.
It was 4 markot of aristo- crate although a trader parti- cipation in the lesser lights was noted.
DU PONT ROSE
Du Pont rose 8 points in the chemleels and gains of nearly 3 to more than 3 points were set by Bethlehem Steel, U. S. General Motors, Texas Co., and Santa Fe.
Citles Service rose B; Rohm and Huts, 10%; Seaboard Line
1/10
EXPERT OPINION
Some experts attributed recovery to a correction of an internal technical market siiun- tion. They pointed out that since the market reached ita usonal highs on Sept. 24, the
showed nearby positions
# cumulative drop of Httle more than $9 a bale,
The nearly December contract Tuesday dipped to 33.78 Air cents a pound, tia lowest leval Fallroad, 3 points: Min-slace last April 20, and a drop napolis Hontywell, 84.
of 181 points from the Septem- ber high.
Traders switched
from group to group in their quest for back- 20ward issues, The sugars
came
70.70 Provident th 13 10 20 2000 kr 10
1 12,40 | laps3, South Puerto Rico closed 200 op 13 30 the week
with * Anim of 7% 300 6 101⁄2
points. American Sugar rose 3 and Cratrol Violette 24 points,
Andes
11K Lond
Humphreys Healy
UTILITIES
Trum
Star Ferry Yaumati
Ferry
C
040415
22.00 23.20 3500 43 23 2.12 2.15 1000 4
In 80
2,15
260 or 19
Motals
Tuse
with
A
Initial delivery notices for 15.100 bales brought out a flood In fur attention after a of liquidation but it
subsided gradually.as the tenders were taken up by the trade. Decem- 34.29 ber closed this week at cents, Its highest level, and an apparent recovery of $2,50 bale from the Tuesday low. 1000 10.10 Copper a favourite on an im- 140 100 138 proved dividend. Zenith spurt-
Looking ahead to the Govern- cd more than 5 points to ment's final crop estimate of the feature the televisions. Geongle season, scheduled for December
៧ Plywood,
market 8, some crop Peelic
experts thought favourite, ran up nourly 7 points. that on the basis of the ginning Trading in the market general- returns to mid-November, the ly has reached
much
o level figure might Jun moderately that the year's total appears ahead of the official figure htraded to its best level sinec 13,200,000 balon indicated on 1933. United Press.
November 1-United Press.
145
100 136 Light (01 10.20 16,90 2000 10.80 C. Light in 18,40 1000 e 131 Electric... 30 30 3500 30
347038),
500 29.00 1000 30
20.00 30.
Mocno Elec 11.30 Telephone
INDUSTRUALS
("einent
Rope.. STONES, ETC
Dairy X
36 30% 10035
400 355
300
334
1500
36
1000
* 38
18.30
Ris 23.00 23.70 2000
23.70
14.70 15 50
14.5)
100
14.70
150
1.50
17.00
18 500 et 17.50
20.00
200 † 17
L. Cawford 20 70 COTTONS
Waison
TAN...
10
Textile Corps 8.30 710 Nanyang XD MisCELLANEOUS
Allied... 4.20 44
Raw
2000 or 28.70
markot this
3.90 19.70 10.50
24.80
1.01
11.07
by
New York tirk more. CERTAINLY HELP that a worker or employee who Average slumped from 381.17 to shortage of goods," and while destination as reported in butes
com- notice
Cotton
137-234 448.500
45 162
LONDON STOCK EXCHANGE
Steels Enliven
A Rather Quiet Week
From Our Own Correspondent
London, Nov. 27. Activity in the market for steel shares enlivened an otherwise rather quiet week on the London Stock Exchange.
The dismissals.
The main problem here seems which were
To carried out under the Govern. to be how the direct back
New York, Nov. 28. men's “rationalisation pro- | agriculture those workers who
When the black October gramme" issued during the sum had come from the farms. This
Strength In wool, rayon mer, have been Die main, topics seems all the more essential as
crush of 1929 came everyone and burlap prices dominated LS far of discussion in The Hungarian agricultural production
was caught, the big league pro-the basic textile-fibre mar- below the targets prescribed by fessionals and Press ever since.
the piddling the Government. On October maleurs Andrew Mellon, Juha kets this week while busi- Though no official figures 10, Szabad Nep admitted that D. Rockefeller, the engineer in ness in cotton goods con- are avaliable about the extent grain supplies for bread for the the White House, and economics tinued to be stalled by stub Exchange Rates of the dismissals, persistent
population were by no means
professor at Yale. The bottom
born buyer indifference,
Business was assured.
the local done in rumours from Budapest
: cut of the market. Broker
wiolicial exchange that between 600,000 and 800,-
Now,
the 'murgin' accounts Neither the
stock market morning, at the following rates:~~ 000 prople, mumly white collar
ployers
industry due to be or investors whe could
U.S. dollar (per #1) no strength nor optimism expressed workers, are to lose their jobs dismlased have bicn publicly on
Sterling notes (per £1)) pony longer
up extra funds
leaders 105 by
at the
general "advised to take special courses to cover the depleted value of business outlook could move the
Indonesian rupiah (per 100) by the end of this year.
Slam Licais (per 100) su that they will be able to do their collateral.
the sending
the cutters of cotton garments and Singapore (Btralia) market down still further. Even plece goods buyers
to modify Indo-China plastres (per 100) Est Budapest, the Commw)-
who those
did not buy on the
long-standing
of policy one-third of their buying just newspaper in the Hungarian
margin lost
as need, and no U. S. RAW COTTON capital, complaining of what of capital by the end of the year me
EXPORTS and five-sixths by 1932." called the "unjust treatment
under the workers dismissed
New York, Nov. 28. An influential Worth Street rationalisation programme, criti-
cotton "There is Between October 1929 and the observer
exports sald cised
dearte which stated
to supplies remain available he by "does not accept another Jol
Then began the long did not belleve the big whole- Exchange for the 1054-55 season offered to him in the same 1.22. Even the cult of Marilyn
struggle up again. In 1037 the sale chalb "This will certainly help to
mall order to Nov. 25 were as follows: factory is
bind simply dismissed." Monroe, which inspired photo-
was back to 194.40 distributors would change their o graphers
Continent Italian, decrease the present shortage of
The newspaper reported that Average to creato
mainly in the capital," there are a number
only to felt sharply to 98.95 by of enter
present policy maintaining orient French.
Engikh and German lats, Marilyns, all ersatz, left Italian
the newspaper commented. prises which have not yet taken the spring of 1938. The real re-operations by taking on fill-ing Ca
The same newspaper
of the new programme.covery did not come until the as they become available from Total for season men comparatively cold.
not understand," beginning of World War II since time to time at paces of first Total same period last YCAT 200,091 differences plained of the over-bureaucralle "They will The substantial
"that when, except for a period in the hand mill levels. between Gina Lollobrigida and system of the State administra the newspaper declared
example, it
ple, it said, the 47 administrative employees to late forties, It has gone steadily Bon, For. Monroe might
The Bank Of England COMBED YARN measurable in centimetres here municipality of Tatabanya was only 53 workers in one factory
Statement and there, but there was little for a long time unable to solve can no longer be allowed,"
Cotton yarn spinners reported doubt thni
the problem of supplying Kalinna
Omeers for directing Inbour preferred
town with water. It had re- have been get up all over current spurt which carried the a tightening in combed sale brown eyes and dark hair, and that Gina's famo abroad was ceived 366 letters of complaint, Hungary to help the workers to Average to the new peak of yarns with carded yarns draw- most interest. Combed 204,03 fast week is the belief ing good for the Italian tourut in 114 protocols had been drawn and other jobs. These amata that with the balance of politi- counts appeared sold up for the
up and 40 commissions hat
however, ordinary labour officer
balance of the year, Philadelphia power in America so fino
Public deposits .......... examined the situation on the because they do not offer Jobs
| Private deposits opot. But nothing happened. but only act in an advisory that neither side will want to splaners noted
Government suurită According to the Jatest
such offices make any drastic changes in the
Raw wool prices did a sharp Other securities polley. American turnabout, rising sharply in linalo... beer established This explained the indignation ofeinl report of the Statistical / manner. Fifteen
In uconomie
Regaipts not only of Miss Italy's father
quito Bureau, Hungary had 1,145,000 Budapest and 34 in the bigger investors, it stems, but of thousands of Italian mon
civil servants last year,
| African and New Zealand mar- besidpe,
exprovincial towns, according to satisfied with the way things are with higher Australian, South when the organisers
Unlon going, Tynde
Įkets, Australian reports sent a blonde to compete for cluding members of the army Nepszava, the
sold The Bank Of France the thie of Miss Universo.
and the polles force, Civil por- organ.
1953 RECESSION
Russia bought around 4,000 bajes 12 per cent When five
In Perth through its satellite
Statement but s former beauty vanta represented queer flow to England to take of the population
Last year's business 'recession nations.
Parle, Nov. 28. With double
Hungary That the Kege-scale diamiast in the United States caused only
Locally, woulbrokers thought The Bank of Franco sinte their had altogether only 300,000 state of workers, mainly in the inà comparatively minor tipple on prices had reached task low mant for the work ended
generally remained" fleTTE: With mamicipal employees, or a dustrial areas, has caused some the New York Stock Exchange would stabille at, or near, Nov. 18, reads as follows: and
because investors wore convinced current level. But the more tion is shown by Magyar.
was nothing basically
Přečmi šiose curverīcide dress for the great night lon
wrong w fforts
with +ayban
walk to me what's happens lator: Blett bajence shroud to rationalise the State which wrote: "Rationalisation is before theyourlied
This judgment proved corellaton
dal on bufore drawing, any * cons Queen Elizabeth, Italian gossip administration have not been certainly not easy and becomes
Advejen v to write deckared that they had esterloted to white collar work even more difficult because of all gone back to school to learner, Juching from Budapest Irresponsible grumours and hasty mot. Thanks to prompt dovern de
the situation was dayon grey - pooda "continuód. Entrant, modcunia, avich to tour what they described as newspaper reports, there has decisions by tise local authorille, rent: Bolson
CAPECive charma
also beon a considerable reckio“ This I also the reactor for the kopt under control; and all stand arm with a num
ionic-nata by alequi 13 was a long road, from thelon In the labour force in heavy atamissed siroephens among the now sro that American odbory port
workers.****Chin" Mall 9pecial.. Is back in good health, the industry.
Marilyn
dustry.
be
part in the Italian Film Wook
The
have
the population SOME DISCONTENT
of 1954, they were advised to under the monarchy,
tako proût care wardrobe.
with
on.
The immediate cause of the
cal
United Press.
Delay in announcing the result of the Dorman Long issue kept activity down to a 926 577 minimum on Monday, but interest quickened the next day when dealings began in the new shares. The issue was a great success. Company has announced on 18 So many applications poured in per cent dividend (against last for shares in this denationalised year's 16 per cent) and a one- Loralon, Nov. 28, steel company that the amount for-four scrip iomie.. The Bank of England alale- on offer 15 million £1 unite Oilt-edged stocks lost a life ment for the woek ended at 228 Bd each➡wne covered ground long a report of, an November 24 reads: ze follway
five times.
Imminent Government conver sion offer, confirmation of which Note talutation £1641,850,927 21,569,02
Allotments WITO heavily came, after closing hoŭra on 165,989,341 500, 100.579 scaled down and dealings com- | Friday, ▾
19.504.201||manced at a promium which The Trobetury is to deal with 34.583 8oon rose to is ad a sharp. Two R734 milion of outstanding 2 Umilled Pre
and A half million shares per cent Exchequer stock, 1955, changed hande
Tuceding
by offering convérelon - Into a after which the pace slackened now a per cont Exchequer stock, and the premium settled down 1980, or Into a further tranche at around 19 4
of 3 per cent Funding stock, 1906-66.
1
on
INDUSTRIALS FIRM Moanwhile industrini shares
KAFSIRS EASIER
hey chose, their most modest per cent of the entire popula- | discontent among the Pet that in American economy, onuļibusi coterie said they would,/2ojat gold holdings: löität 391.435 | vxcept in those issues affected / Beating nervousness about the
- platform along
QUITY
Kadien turriód z owner, pelom v moving only: nsŭrowly
South Africans poiluični, attualines," by-boardroom, announcernantNGE
Copper wore also lowered In the latter goategory" Tata | His tëakire of the all markets. 200,000,000 | and: Lyle, were, outstanding; was the sghvance of Shalla, 15 Re
Thấy bounded By Bd to%A7a-6d[new ; peak of £5, on persistens. an" the Company's undirpectedly rumoursy of Continental buy ina good" results. Apart from record | Birmahš sed Royal Dutch werd
and higher, profit, the also higher,pa
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