1955-01-13 — Page 9

THE CHINA MAIE, THURSDAY, JANUARY ' 13, 1955.

Prime Minister Naser's car drives through Kena during, liis fumpection of the Blooded area. About 500 houses were destroy rd and 4.000 people rendered bumeless as a result of the erernt forrential culós al Kena, in Opper Egypt, where a wide area was flooded to a depth of three feet. The homrics were accommodated in mosques and rehnol. Express Photo.

BALKAN PARIS HAS LOST ITS GAIETY

The Rumanian people, according to traveliers who reached Vienna recently from Bucharest, are in despair.

Poverty-stricken police-ridden, despoiled of the natural wealth of their land, the travellers say, Rumani is hope only for one thing wr For in their despair, they believe that only war can bring thin: biberation

Pin the

111

... agost Pray could only be achieved if

roker Soviet sutethile states in Europe Įsike Rumanish people,

to funt.

Web

*

"Sifi

"Tron Cartan"

.IT

ך' ז

May by d What droides

from the Rater to the

Bulan aleg

IN

we teen Plodom! <f

Czech slovakia, Men, cary, and Buligana. but also by a secvaitary curtalı, which the travellers deset the pr than the

fat are formidable Brst as

JENNI

Weuki

wen k

Neder

Travellers

1 ha

Vienn

Trom vienas virvele mee I den of litumen

Y Beth

To ago Pin of living. The item mera

Ja

take

W p

1.

mada de popi, W.41

The Travelers Had the and Baa

ant whil Fins along the border betwres Hungary

Rennia

This secret

Logtams lar 11 broad freshly plouched strip of Jatud en roth side the Hemmalaty and the Ham inlan, of the thick barbed wire fenes whith morĀS the bender The plenighed strip, which carried in an area cows ther main ronda city cards pre- hsele w/w | Targ has the to frontier Blegally

nicht.

Remote front

bres

24

Viem.

: יִך

jue ure

Thi

*

ה י, -1

ON O

The hitle Paris of the

W

with Pokepest, much dee

い

its

W

Cabotay

.. high prives

Bouttanta we

antent-

Brun

1 way

Tried

motivities later

Detta the armprisonment. tew months after this purge Patan Cirera Was

www pod

Prentuna of

TRADE and COMMERCE SECTION

FILIPINO-U.S. TRADE CAPITOL

No Mention Made

Of Agreement By The President

Washington, Jan. 12. President Eisenhower's failure to

mention

the proposed new Filipino-American trade agree ment in bis foreign trade message to Congress strengthened the belief that he will mention that accord in a separate communication later on.

The draft agreement negotiated by the Laurel Mission late last year is understood to have gone already to the Budget Bureau. The Bureau has circulated it to interested executive agencies.

were would appear to be in line with #Trited

America Forexit trade digisteret rolf- adw...med by 1!ht

Since Those agenclus representerf ให thr Stális megtalog team, this step beyo

116

carry

1. var; bile replies were expert- ¦ Presdent,

41

The Phabaquar

well

it domument for Con- paver been one of the colti. next The Pram of ind to mand he

1

Worle The

Hou might

there fore he

1 posti:

11.0

R.

"

Meanwhile, Althoug

The

cla

Flipines. 12

par, sed streement

1 det!

Flapaaie - Americon

United Stales well an he and

demanded eroponic !t**{

of albed nations thetrengthening

exf thin! and

furthering Denton st growth ..[ under- developed areas in general

World Cotton

Markets

{''''.

Na Yok * 12.

pressawed marks on past Palegs today

on the styletkávé m

44

tru

NOTABLE EXCEPTION

Observers

RECORDS

American Watch HONGKONG SELL OUT

Industry

Washington, Jan. 12. Two United States Gov- ernment archeles took further steps today to pro- feel the American watch- making Industry whose

regarded 1 are erential to America'a de- fence.

entry of

In two simullaneous bat separate announcements the Bureau DI Customs proposed more stringent re- Lulations

1 limit tha Swiss watches which the Omoe of De.. fenkes Mobilisation ali- nougerd the formation of committee to recommend of helving the do- Warn mestie lodustry's growth.

Swiss tracio quarters Immediately interpreted

A

the

A direct

proients dultes

measures SA retori

their to against the higher tmposed last year by the Tariff Conmission.—United Press.

STOCK EXCHANGE

(From Our Correspondent)

Business done on the Hong- | kong Stock Exchange this moth

Ing

to amounted $1,112,352, Noon quotations unel the morning's transcrliens;

SHARES BUYERA AKLLERS SALES

CANK

World Rubber]

Markets

12.

Singapore, Jun. After sprig lady on, ne- helpceptances the market cased uff noling That Filipino-American terme of stiling by godowne

relation are the most! There was comme aviory buying

extestim

the towards the clogh, and seller, United tended to become more reserved des potry of repeal trade and also the with all natters in 2 exp

a wed that this would rone. Faule to be trúc under the pro-

Le tue nhower-backed,

posed new agreement

That fuel figured fe sutne ex- tent in the attitudes of verlain A spurt Laver pool flatt an bra clop nanlala

gricles Amtured the executive

the 1737 trade that,Flipno-American Alter openmig

But while

inay Paving me ved alveg slowly win question. liquidation by disappointed tone up for some mention

Kapitud 11.11. Congress - regard- and hedging keeping

¿lean of which party was in con- routine trag demand supplies folhas tended

to feel that The inck of buttiventta |

special revision are justified in 14

Trades uppreed, the case of the struggling young reflected Congresar mal

republic which wa13 a long-time certainties over I prasible United States ward United

reyuken the | upward

acrtage Press. of allotments Dex' year wnd main- tenance of rigid bigh price sup- ports

Assembly the und Nokaal

until Close Gheorghiu-Del,

Minister, I'rinie Men den y adres bepatue Print Minister in

1952.

Communist T Jers

Inter Party new name ou

as complete controller

Rumanian politics.

AIHEE

Arath

- L

way.

E

Other heydent Graders raw

preferte

in watch the and other

they net of st. nrifles

commodity

emerowe's

New York Sugar Market

New York, Juay. 12. the rate of producer impound. World No. 4 sugar futures

programm*. Ings under the dean

UK Bruk

East Ants

INSURANCES

Unit Lombard Underwßter.

DOCKS, ET

Kwart

Provideat

Whechelt

210

Qu

2100

44100 27 2110 5214

42170 416)

49

50

10

12 1X 121

~

13.40 1300 300 101%

***

1000 24

LAND, ETC

I tel

ik Land Humphreys

UTILITIES Ivani

Mr Ferry

Yati Ferry

739

MN: 2

45 30 13 40 2300 a 13:00

20 70

70 20 13.970

21 70 21 90 2500 14 21 00

500

170021

180

200 w

200 + 170

** Light 0 10.10 19.20 500 » 18 30 2200 120

* LISH (N) 15 10 30 3000 10.20

Electric

30

Teirpione INDUÁTRIALS

47415 10

24.10 24 30 9100 m 24.20

10.00 1300 175

39 1000 10%

1100 5300

3000 30

13

35 2500 mg 30%

was one unde

Cement STORES, ETC.

{h ry

41% 42 300 qt 435

Support

Watson

17

700 17.10

Putaire elosings

1. Crawford

27

No

rubber

0.70 62%

Cute saky

February

93-

9.15 055

Bon

March

100% t'd 041-

0214-04

0134-02

MISCELLANEOUS

regtze

4

15-03

A.lied

4 65 4.624%

19-100

No. 5 rubber per

זנאן

No a mustren per 1 Jan No 4 rubber per ty. Jan. Sport Tubber sinbajed Blanket Crepe Mo. pale Prete

NEW YORK

COTTONA

Text:le Nunyana

Les Artir, den. 2. Controlling stockholders of Capitol Records, Ine, have con- tracted to sell their interest in the firm to Elecule and Musical industries, Lld, it was announced today.

The majority holdings of the three stock holders subject to the contract include 248,438 of the 470,230 Mures cutstanding.

Electric and Musical Indus- tries, a big British recording company, conditioneri the sale en an offer to all other slock holders at the

same price and fenders of a total of two-thirda of outstanding stock, including the majority lock.

#

The selling price is $17.50 shupė, giving the sale a value * of more thin $4,230,000,

་་་་

Capitols

stock- majority holders

Mr

E. Glenn Walltel, President; Mr Johnny Mercer, singer and songwriter, and the estate of Mr George "Buddy" de Sylva, former studio executive and

inovic

Songwriter,!

The company which the three nem founded in 1942 will con- tinue to be operated by

manageimen,

present

Wallichs said.

tho

Mr

Tenders will be formally re- quested of the other stockholders

within thưve

Press.

weeks, United

400 045 0000

1000* 0.03

Singapore

Stock Market

Singapore, Jan. 13. Brokers

todny

quoted following stock prices:

British Borneo Petro

the

Jan. 12 Jazz 13 Closing Opening

#241

Puures closed today 35 to 55 NO N.Y. STOCKS

poh's lower with sales of 87. contracts.

Denter covering and commis don houre buying lifted neuros months about a cent a pound. The market ruled slow, however, with buyers marking time. The Tow

included reported sales Three sherle for both Jan, and March at 31% rents pound. Spot No. 1 Res shrcts were İqtʻrd nominally at 32% cents.

Future blodigst

marke, Markly

well at

regat in

Merch

afted probanged with salts of 66 September Aller seven-point range, the list closed (Pacts.

May

July

December Marchi

of Stalin. H When thin ghanate of collective beame the fashion.

11. 1

1: mer beth Pume Minister and Communist Party. the elite leaders, der to retain the Peme Minister and gave frackra lho of thự, party, taken over by a WI

three Nicolae Mihail, Dalea, and

The

I'

k

power

Romanat

monl'ored

训

123

show that

ver the real i he man But as they were very

my head many Can the

They operatedă

い h (10 ras Lehind

tu. Ru

1.

jeeted. Pince

irpal matu

1915, to use of

sultor tele

Asin ve Rusy if in-1, in Pu

11

1

a vett ko

142

Tate the sent Kint Michael.

thr

been

ין

Fazekas

2 The

influential member Rumanian Cabinet tam

pok Jelausetom cat

Badnaras. who helped the Communists to Hur in-breed, Russian-trusted pets 11 sati, industrialisation has, admittedly, power was Petru Graza, leader Communist, Bodnaras has been

carried fur

tonlof a party of small landowners | the power in the background of fast. It was claimed in 1953 and land workers. A physically the Rumanian Cabinet. thai. with The

Soviel powerful man. proud when well

#1.. Խ

the secret Russia. steci production in over 60 of his hard muscles and

amil

Rumanta

Dul-walk had been increased his capacity in

tennis in twialy fourfold to 756,000 tons a year, out-play et

Two-and-a-half years younger than himself, he coal production time to 4.000.000 tons a year, was happy to remain until 1962

over six the titular head of the Govern and all production

in which the real power times to 0.300,000 tons a yearment,

was held by Le Cmmunal puny compared with 1938 production. But in August 1953, the Prime Minister

of Rumanin, Gheorghe Gheorghiu-De),

sald: "the rate regards

of Industrialisation has been forced, especially as

This has led to heavy Industry.

of too much the establishment of capital investment in proporti

to the national revenue

ing even the Five Year Plan... The slogan of achieving the Five

with Year Plan was Inunched

Ramanta.

Minister of the Armed

he Forces.

Introduced has ha un devis, Sovint weapons, E. and ven Sevict words of tray hd, Thus, the Rumanian army could becom", at a mo- Lotta i Cice, pro of the Soviet

The work of Bodnaras 10 In 1852, there was a struggle for power within the Rumanian Russlanding the army has been and Communist Party. Ana Pauker, carried alto into economic

Rursinn is a com- Minister of Foreign Affairs, cultural fe. Vasile Laves, the Minister of pulsory language in alt schoole Finance, and Teoharl Georgescu Rumanian relentists, who used all three Vice-Presidents to argue that Rumania was a the Government-opposed the "Latin island in

nors,

Vien-reside

1€0=50W]ng w.thin

with

T 10 up poin Opening Domestic No. 6mgar futures odd a to 8 points closed unchanged to 2 ppine prices were New Orleans closed up 1 to off lower

saler of contracts. 1 point

and open Trading volumes

There were mixed deathage Interests in the Exchange today.

between rates interpels features

contract Volume Dren interest ned

www fer

activity. 44.6500

Producer hedging orders pre- dominated Ja the domestic

620,

Arant.

Future closings:

Contract No. 4 sugar (world)

LONDON

The market was easter.

leum Syndicular Consolidated T

35/ ..

39/-

Sinelters, Ordinary

iue

28/00

28/00

Fraser

and Neave 74.com. and Dowlongkang & Shang.

Ltd., Ordinary Insue $ 2.00

$ 2.00

Fraser d.. prof.

$ 0.00

$ 0,60

hai Bank Corpora

tion (Calomtal

Reglator

$1,145"

$1,100

Маллуди Breweries

$ 4,65

$4.03

32.75

$ 2.72

1.03

31.12

The Now York Stock Ex- change comment Joncs averages were not received this morning-United Press,

Raillés Hotel

Singapore Cold

Sturzge

Exchange Rates South tria

Business

unclai

market 32.25 | morning at the following rates: 32.10.8, dollar (per $1)

Insuraden...

Straits Trading....

Straits Steamship

Engineers,

Ordinary Issue

was done in the incl exchange

this

United

587

Wease Brothe

15.00

Henzkang Tin

17 Petaling Tin

and

12.92

31 75 | Sireling mies (per) £11.

31.41 Indneran rupiah iner (00) 31 22 Star ticals (per 100) 31.20 | 5 ngipure (Straits)

Spot

No. 1 Rss were quoted at 28%

370

| pence per ib. Prices:

No. 1 njot RSS

Seillement hate term: Feb

20%-20

Apr/June

2014-202 274-20

July/Sept Oct Dire

Jan.

27-13/16-21

Feb.

Mer

37-13/16-23 27- unguoted _20

General markets, cit basis. Purts:

Estate crepe inick'

thin

AMSTERDAM

The market หาง stendy. Prices closed today in guilders kilogram. cif January es

3.17

3.17 3.17 bg-

Sept.

3.17 follows: Spot (rents per b, fob Cuba) 310 No 1 rubber No, 2 rubber Domesilo No. 6 sugar (Domestic) | No. 3 rubber

No, I crepe

Prices of future closed today Spot-fcents per ib, cir NY as fellows:

Prices

2.73 huver

were: Month

Mus

May

35,806) 1,103,709

July

31.500

A Dot

11.300 172,000

4,500 104,000

Mar

3,000

May

2,0x0 64.500

Total

133,400 2,083,000 balen

NEW YORK

Mnr. May

which now completely and int political lifo

Up

Prices of future. closed today July

ne follows:

In

Spot

Mar.

May

35.00 34.65-30 34

2,72 buyers

2.60 buyers

2.23 buyer

July

33.05

Oct

Mar.

143

United Press.

Dec.

34.00

May

B.19

Mar May

5.10n

July

5,60

35 270

Sept.

6.03

NEW ORLEANS

Nov.

0.02

Chicago Grain

ex-duty)

$40

*****United Press.

Брог

34.15

Mai,

34,50

Max

34.87

July

35.00

Oct

34.80

New York Foreign

Dec.

35.00

Mar.

May

33.20

Spot

Cottony

LIVERPOOL

American closings, middling 16/16 Inch, in pence Canadia per lb. were as follows:

Mar. 231 (11) 294) (L)

May 1.03-19/32 Sept.

England official

March/April

32.34 32.40

5,10

2,11 Spot: close High

unofficial 30-day futures Canadian dollar rate:

Buyers 1.03% 1.0391 1.03-7/20

Apot

Sel'er Mat.

103-11/10 May

1.03-11/16 July 1.03-10732 Sept. 1.03-21/32 Nov. ILYA 00-city 1.03-15/33 703-10/ 6-month 1.003-13/32 1.03-10/32 | Màr.

Unlied Press.

May

12176 124)

Onta

Mar

2016-77

May

Soyabeans, No. 2 yellow Spot

Jan.

MAT.

London, Jan.

12.

MAY

July

Sept.

orto

Rumanlin

of our national econounced. Forces, They walled a relaxa-1 that it is the Latin form worde

*

May/Juna July/Aug Oct/Nov. Dec./Jan.

include:

20.00

24,53

17,80 37.70

Chiengo, Jan. 12. Prices per bushel in cents;

Closing prices Wheat, No. 2, red

Exchange

New York, Jan. 12. July

2.76-11/16 Nov.

2.00-2.71

2.754. Corn, No. 2, yellow

London Foreign Exchange

sea of Slays out sufficient study and does not policy of Gheorghlu-De), supare now sucking to prove that the to the real prospects ported by General Emil Bod- the original language of corrispond

Minister of the Armed Ru people was Slav and

been Gheorghiu - Del

absorbed. therefore, a new polley of de- tion of the policy of rapid in- which have

Ometal values for spot cotton dustrialization, they opposed the Formerly It was believed that creased emphasis on industrialisasin curry reform, which the Latin type language was the tion and the heavy

American middling 15/10th inch 32.00 Fiture: 30-day 1.03-3/10 industries

American S. La middling th and more attention to the pro- aimed at ending Inflation by original and the Slav words had and been borrowed fram Slav neigh- peasants and

Inch Mexican middling 1-1/32nd duction of consumer goods and stripping the

richer workers of their savings, bours. agriculture.

Immediately:

1945, Other wore unchanged; after wonted the collec and they

Soviet-Rumanian cronomic. co-

SAO PAULO tivisation of agriculture to be Soviet

Catton closings, in cruzeiros modified until production in- operation began. This consistent creased. In fact they proposed in the taking over by joint per kio were as follows:

January отд policy.

to Soviet-Rumanian companies This new policy announced In a

similar Very

March Млу August 1953 has so far had little the "new polley" announced a 50/50 basis, of all the main

the in 1953 by the present Prline industries and services of the July success, as was shown by

Delober

91.75 New York country.

Montreal In the United States, the Brurmola postponement, for the second Minister,

reorganised There were cl Rumanian Com- of the

average price of 15/18 mlüdling Copenhage Soviet lincs--they was on purely munist Party Congress. This strictly. should have been hold at the divested of her high offices and used, the samo system of book-cotton at 10 designated spot stockholm end of October (1954), But on put for a time under house keeping, had Russian expirts markets was unavailable. Sales tark October 28 1 was announced arrest

running them down to a quite at thero centres totalled, 30,078 that the Congress had again were arrested.

low level, and they worked to bales United Press. "to give the

Luca was postponed been pos

supply the gaps in the produc Government time to mobilise all most severely. From an early ton plan of the Boviet Union, the hoods rather than to supply In several of fuiflmont of urgent Communist Party.

the Rumanian people, booke

New York, Jan, 12 published before his fall,

try to rescue: #Rumania

Prices of collonsbed all futurÓN deputy Prime his devoted service to the Party from her present dificult econo- Minister and Minister of the was highly praised, But when mic situation the Russians have closoil today In cas › Metallurgical Industries,

ho

was not

not only accused now handed back the joint follows (Sovroma), to the January inging the currency, companies

Sinta

Blata

This "revolt" was put down

Ana Pauker

Vasile

Luca

Y.

and Georgescu punished

uced civic, organs for the age, he had worked for the

agricultural

Stolca

tacks,

Chivu

inted h

To

Nov, Haridy,

apot

2014 2301-231

215

21019

136

15433-

1876-187

1594

15421

145

Indo-Calon plostres (per 100)

$26.2% $201.25

$21.90 $44.00

$17.00 $17.00

$17.25

$13.18 $2.00 $ 2,90

0/3 B/3 #3.6273.624

27,80 | *eum-illy. Com-capital Isrue.

with div

Chino Mail Special,

Britain Fighting

To Keep

Ahead Of

Germany

London, Jan, 12.

Britain will have to fight hard to maintain her 30 per cent lead in exports over the Germans,. say Treasury experts.

to the middle of Up December last year the value of German exports has risen the faster by 20 per cent compared with Britain's six per cent."

And there are no signs of a slackening in Germany's effort, the Treasury adds.

Honours in the export competition are distributed like this:

Germany leads in coke

and

Germany's was up 11 per coal and chemicals, in level lit cent, with the most rapid in noh-electric machinery, and has crense in transport equipment nearly caught up in ships, ond (28 por cent, against qui . 12.

per cent). boats.

'BOOM YEAR:

Britain Kads in electricnt machinery, metals, textiles, food

But it wie a boom your in and drink, and rónd vehicles,.

alinost every British Industry. Britain's.car and lorry exports

The 13.3 per cent increase in nro double Germany's bub Britain's vebielo

output

WILE Uils field the two countries have mostly in cars for home use. been going ahead at about the

Completions same rate.

of merchant 20to

ships were a postwar record. Germany, it is pointed out, Iron and sicel improved slight- 21624-277 has been helped by a rapidly

1 growing demand in

Europo

148135-14.DR. 21.7445-11.7416

180-184

New York flour.

200 lb..anck

Others were unchanged-United |

$14.700 'nited "Preas

Frogt.

Westeri

ly on the ever-increasing anastasi, zalo

Shoot-steel output was abort CAN DO BETTER

of demand- because of the row. card, ear production..... and`im- Britain has been hit by the ports had to be heavily in fallin United States and creask Canadian Imports,-E

House completed in

in the first Britain can do a lot better. 10 months at last year were 12 NEW YORK METAL BANKS IMPROVE says the Bulletin for Industry, per cent up on the year before N.Y. Cottonseed Oil-Bar FUTURES

particularly in promoting sales | But there is rooms for Imme We provement, says the Treasury abroad. London, Jan.12.2

The

divos Trosstry! „the zen» survey. They growth of factory Reflecting the - Corporation's | son for ita falih: "Many British | building work and: tho incroused, good remulls for 1954, the Họng. Arms have shown; again, mid flow of 'ontiers for plant havo kong and Shanghai Banking praia that they me fully "able|yot to show their initiones HK$120 el arca, (nominal" value); to meet the challenge of Geed ʼn márkad, riso 4 lit

butput Conn

in a recent speech that the Con- form of January 1952., His Rumanlang2YE TUZIONE DEGURRASCA Marsh

Sgress would be held only when

the agricultural tasks had been sins were traced right back to Rubianians

completed Heikessed that the the beginning of his political alans und undivulged

increase of the "standard Mdf | därger: in /-1018 gand he was monby over a long cap

iving promised by the Central alleged always to have, boen a years China Mail Specjal

New York, Jan. 12. Prices of motal futures closed per lb. na today in cents per lb. as follows:

-Compet" Jan;

to £110 early: mám competition, P

idealings

A Stock Turning to production, sha la Avgineering-up here

TOMBA MS ALMA he sul pain, however," | output, for the first

the price wipped back to £109,- of, list your w | China Mail Speci