FALANGE FEAR FOR
EXISTENCE
Madrid, Feb. 16.
Doep concom for its own future was felt by Spain's only political party, Falange, when General Francisco Franco and Don Juan, the Spanish Protender, met recently
Falange feared that the inn atta bute to the Generativima į to restore the Monarchy in due course in the perron of the now
17-year-old Prince Juan Carlos,
Port of Don Juan, might menn The transfer of polluenti power from Falange to the Mon-
Senor Raimundo Fernandez
Sceislány General l Farange, flow back to Madetl
brer holiday nt south The sunny
Londo Aun bella st Count of Spai
Lathering of all kadin
called
-
+
THE CHINA · MAIL, THURSDAY, · FEBRUARY 17, 1955.
TRADE and
COMMERCE SECTION
NEW YORK BIG FIELD OPEN TO U.K. TRADE
STOCK
MARKET
New York, Feb. 16.
be
Heavy realising just
fore the close marred the stick market picture today, just as it did yesterday.
Through most of the acasion, titaax £ii]
A responding 10 peetal news featured a generalty firm. anfive market. Tickers in late twice on the upside in ine fast bour
The sell-off came just before the close when several favourites JAFFE clown m proli-taking activity again wats heavy enough to put reporting tickers
of the Falunge party 3, paturally.
Fert Sun Chesca
ambe W.JA
To je 2. party leader Du usutaner from behind.
Vieneral Franco that There
no question of any change the fatetit position of Falange
Itaen only
20 Party bally pertuttes to fun of in Spratly.
i
WATCHING SITUATION
Being mainly luti-Munashe
th leademy, Falange
continues.
יגיון
to watch the situation closely
Many
Palungista take th view that to patvent a draft hæric to the chronie politicat 1- stublilty which gave Spain 104 cabinet.
1833 belwren 1930, a strong executive type of government as needed when tiene al Frunco relie dies They lend to the attracted by the Amcavan 43 of
2307
day
Turnover tor the amounted to 3,060.400 shares,
Of a total 1,204 issues traded 568 were lower while 470 and vanerd, and both industrial und declined on the ball averages day
Several stres Queiunted ratically General Dymes Chatice-Vought hi parti- culur. Each ran up
Around 7 triufing. points in early
Bach elized lower on the day, with Byandex of 3%
z $115 Chance-Vought
1 to $50. A series of rumour mergers Bak-
with such other. ing the two mod with other companies have +21 dertiend emphatically by ometals of both companies.
NO STOCK SPLIT
American Telephone, budi up sharply in recent sessis on the remole possibility of stock split, fall today when directors orderen
dividend and the usuat
copvertible poset a new issue of detxutures.
Up more than 2 118 high today, closed off 11⁄2
<talist Stane polikl think
Gefecht Pharmacokin the future plans
www.y include both a Monarchy and a strong executive The Monarchy would gaurantee the institutions
at the King world have right to mtervene in day-lameday portion affairs, as Kings have previously done in Spain. Allied with such a Monarchist regume | points
a | Telephone might be, it is suggested,
$117. Prime Minister nominanted Falange and then submitted anations plebiscite for eley-- Lion lo office for a xed pertod of years.
Eupe
by to
GREAT ADVANTAGE Falange has a great advust-
over
other
groups
leaders and in-
t many courxes
opinion in Spain in beling the only party able to train young people in 11s ideas. It maintains permanent training BEVER
for centres structo.s Jasting some weeks or months are held in the various pro- vinces apart from these centres.
Falange
teach Instruciors "national formation" elementary and secondary
seth ols.
Falange papers,
In
الم
t
241
Leading group for the part had small changes. A loss of 14% to $93% in General Motors stood out in automotives,
The New York Stock Ex- change 4,870,000.
bond
volume
was
Germany Is Seizing
Her Opportunities
In Latin America
By WILLIAM DE GELSEY
London, Feb. 16.
Economists estimate that in 20 years' time the popula- tion of Latin America will have more than doubled-it is now 170 million--and that the value of production (industry, agriculture and services) will be about £100,000 million more than the present figure; a sevenfold increase.
It is no longer possible, however, to consider the ceonomy of Latin America in general, for development during the past two or three decades has varied considerably from one country to another.
World Cotton
Markets
New York, Feb. 10. Cofion futures trading today I proved to be a standofT
in quiet dealings, priers see- sawed narrowly on either side of the previous closing level.
Verzierton Government like- where plans
150,000 to have tons of sivel capacity available
1958.
Careful selection of countries, one of activities closely linked with the development of their Cecnomies, can bring gratify-by
for British enter- Hug i los Brist A
Viall
to d
Venezuel Mexiez cuitatemy, this punt of
www.
Althoushi
Venezuela
has perpectrekkesti
Loday
of anly Bve
RAIL MODERNISATION
The generation of power, and the construction of roads
allways, also figure large in Government planning. Colombia intends to have JES Own WT ed a half million, the country
equivalent
Tennesse of the at an merodible | S
The 11-mile Valley Authority. developin rale is income m Auli derived
Autoplata from the airport the Seimarily from oll, but
which La Guayra to Carnens, Government is
maksr
was reported to have cost more tra vit ets to diversify its
and than £2 million per mile Iron ore exports in 1954
three longest mullion which has exceeded four
concrete bridges lons, or double
pre-stressed the previouLS
was opened las year's figure.
and Mexico
Y
COFFEE
At the close the fist ruled un- changed
8 peints higher. Opening prices were unchanged lo un 3
New Orleans points. closed off 1 to 3 points,
Most of the interest centred on March contract adjustments before first notier day on Mon- day.
Short-lived spurts of acti- In Colombia, agajn.
we find Opening vity happened at the
this a one-economy enuntry, and close.
In between time, the time coffee-a în tor which, at market was a duli affnir.
he mument, makes its eronomy Outright Murch liquidation more sensitive than Venezuela's. Why
taken up by spot Arms For Mexico In addition against sales of the new crop the meome gained from the sale
coffee months. That has been the pat- | of coften.
and metals, for some days ourist trade has now become tern of trading
important foreign very urrency carner. In nil these
Ex-
past.
The American Slock change volume was 1,110,000
shures,
2
-
were: Month
to
the
Japanese Rayon HONGKONG U.S.Increasing
For Records
Tokyo, Feb. 10. Japan will trade 20,000 pounds of rayon yarn for 8,000 Soviet phonograph records. Krodo New Agency reported today.
The report mid a barter contract Wis signed re- cently between a Japanese Artx and the visiting Soviet trade mission on behalf of Soviet corpora- tion. wald the shipments
are exported shortly. No details
were given as to the nature of the phone- ETAPH
records, United
Frets.
World Rubber Markets
anch
also
STOCK EXCHANGE
(From Our Correspondent)
Rubber
Purchases
Washington, Feb. 10. The United States General Business done on the Hong- Services Administration, Govern- kond Stock Exchango this mom- ment purchaser of natural rube ing amounted to
announced it would $1,458,815. bor, today Noon quotations and the morn» lucrease from 5,000 tons to 7,800 Ing's transactions:
|tons per month Its purchases of
natural rubber.
SHARES BUYERS SELLENS BALES BANKS
MK Bank
INSURANCES
Union
2135
K. Whart ...G81
060
Lumbard
00
DOCKS, ETC.
Dinek
201
Provident 101 E0.10
Wheelock
LAND, ETA,
MK Botel
15.80
MK Lan
071
Realty
Singapore, Feb. 16. The rubber market eased on Lower London and New York advices
reported change in American stockpile | UTILITIES rotation Heavy liquidator by all see tons of trade. In the afternoon liquidation continued but
reasonably well absorbe.t by trade we short covering That
market else irregat,
30 @ 21:30
The Increase in purchases, the
OSA ervices Administration
aald, was part of a re. 28 42136 vision of purchases
12 ut 2140
500
5000 LA
1900
7'
16 300
for the rubber stockpile.
10
of natural United States
The revisions were necessary →
the deterioration of prevent
rubber,
Actural effect of the new policy 15.00 will be an increase In Federal purchases of number one ribbed 10.10 smoked sheet, accompanied by |Increased sales of tnf bark and of rubber. other lower grades 1360 Actual size of the rubber stock- pile will not be affected by the retion, however.-Reuter,
Chicago
Grain
Prices
Chicago, Feb. 10.
Prices per bushel in conts:
DOU 17.00 Wheat, No. 2, red
6000 or 17.90 Spot
13 1000 49 14.70 | Mar. 224(11)" "2219(6)
000 à 30%
500 30
10003012
2271 2239-4
£
1004 07
00000715
100 g
10.
Tran
Ynumat Forry
31.0 21.0 2150 21.00
2000 or 21,00
160
100 100 m 107
100 180
100 de 190
050 * 180
C. Light (0) 17.00
30 2300
17 70
Prices
No. 1 Mulber
per th
March
093-09-21
April
0013-9011
C. Light (N) 14,80 Eiretrie
... 39 39%
May
of
May
No ribber per 1b.
unquoted
July
Sept.
March
00-0075
100030
Corn, No. 2, yellow
No. 3 rubber
per
Ib.
Macao
Elec.
12,20
Sput
March
0031⁄2=U03%
No
4 rubber per ib March
Telephone
- 324
33 1200 33
800 6329%
May
0534-00
July
Spot rubber unijaled Blanket cepe
1000 33
0016-9915
Sept.
BA14-8015
No.
1 pale crepe
10231-1035%
INDUSTRIALS
Cement
Rye
4472
45 0000 4
Mar.
Max
30045
Rope
10
Max.
11755 12011-121
7036-77
of
Futures closed 0.5 to 135 points lower today with sales of 232 contracts.
STORES, ETC.
Dalry
May
Boybeans, No. 2, yellow
17911
23.20 Mar.
270-27835
Priers remained under pres
(N)..
275-2744
271-271
375
20735-22
Watson XD
COTTONS
Textile Corp Nanyang ***
.134
140-158
0.00
New York nour
8.90
$14.00
!
in the world,
In year
both Colombia the International Bank is helping to finance the extension and modernising the railways.
polictes with the object of ing
Ed
year
NEW YORK
All three countries are fol- towing enlightened agricultural sure from start to finish, follow- the lead of the primary themselves making
self-markets and pending the an- supporting as possible. Mexico aouncement
Government of this year did not have to im- policy on rotation of the stock- Colombia pile, which was issued after the port wheat or rice. Trading volumes and opening
is developing its meat industry | market's close, interests in the Exchange today | countries the Governments are
and will Import this
Dullness prevailed in the spot doing much to raise the stand-
head of market with No. 1 Rss quoted thus to approximately 130,000 Volume Open interested of living and
increase the consuming potential cattle: and in Venezucia, where nt 34 cents a pound, nominal. of the population.
the ground is less fertile, work Future closings is going on #k the time to The important
part that steel
clear the jungle and Increase production can play In any
the acreage of arable land. remony is appreciated by the
Britain's Latin American countries. A new plan to produce 120,000 ions of steel and its products Why
was recently
in- in Colombia,
DOW-JONES AVERAGES Mar.
future price
YESTERDAY'S PRICES
} 30 industasula has 33 daily news- the biggest newspaper | 15 utilitie
13 stocks ehan in Spain, and will open
40 bonds most powerful com- x the
C'omin mercial Tu
Transmitter Maurid, a 15kw siion will combine propaganda commercial programunes.
Movemena! Youth The Fulange operates
·Blue tae Network" of 52 low power in various texsmallers. radio
69
parts of the country,
wincin
with
Operated
by Youth Front members, these transmitters combine
Com.
mercial programunes with party propaganda and party news,- China Muil Special.
Aiden Ine. Acy. Allied Chemicals Allis Chalmers Aunerican Airline.
Anaçarıda Couper Armco Steel Armwur
נד ל4
May
July
4,000
NEW YORK
NEW ORLEANS
Prices of futures closed today
34.10
34.34
34,60
34.00
30.00
38.04
34.42
er annum augurated
March
May
July
Sep.
reputation still
Doc.
Why
is it
stands high
Theus, although their currency is
in these countries. it, then, that they have received so little attention fron
Mar
New York Sugar Market
New York, Feb. '10.
World No. 4 sugar futures closed today unchanged to one point lower with sales of one contract,
The
23.05
32.00
12.15
31,00
31.05
LONDON
market Was
certaint
20-2914
20%-20
Seta
based on the American dollar No. 1 Rss spot quoted at 20% and
there is complete freedom ponce per lb. PricES: for the foreign investor (with No. 1 rs spot
Bettlement house term: the exception of certain indus- Marchi, tries)? Compared with
April/Juve our- selves, the attention that other July/Sept. countries besides the United ./Dec.
General markets, eff basis, States,
Teb. Germany,
Mar France, Sweden and Italy
are Apr. giving to this area seems of proportion to our respective positions in world trade.
such
50
03,900 360,000
Dow-Jones closing
on Wall
Street today
follows:
averages Oct.
were us
Der Mar
May July
31,200 1,332,700
19,300
721400
15.000
237,300
12,200
141,300 14,300
6,300
03,200
J,000
3,300
409.01 { Traini
134,000 2,809 200 bidea
146 12
Prices of futures closed today
102.00
100.24
as follows;
DARK 104 70
Spot
25.000
Mar.
4.37
May
31.22
July
34.07
Def
34.99
Feb, 10
Dec.
25.04
3
Маг
39.11
9312 77%
May
35.33
July
35,218
American Metal
07
American Smelting
4312
American Tet & Tel
1774
as follows:
American Tobacco
63%
Spot
64
Mar.
733
May
154
July
Dalway-Line-Hamilton
Oct.
Elaltimore & Ohio
46
Dec.
Bendix Aviation Corp
112
Mar.
Benguet Cons.
Bethlehem Steel
May
110
July
Bucing Aeroplane
Canadian Pacific Railway
30
Care 115 co
17:
Chive National Bank
Chile Copper
Chrysler Mutors (xd.)
American
Inch
32.45
Commercial Crede
Commonwealth Elec.
10%
Consolidated Edison
Tith inch
29.30
14.
Continental Steel
Mexican
middling 1-1/32nd
Corn Producla
Inch
36.39
Crane Co. ......
All other unchanged.
4513
Cuban American Sugar
103
Curtis Wright ......
203
he
Dupont de Nemours Eastman Kodak
172004
per kilo were as follows:
March May
July
7014
14
March
31.10
Bept.
Foda Gentral Motor
MAG July
31.020
30 76
Gillette Safety Razor
October
719
Goodrich B.F.) Co.
December
Goodyear Tire & Rubber Homslake, Mining Co
the United States, the
31.85
31.00 Contract No. 0
pot-fcents per ib. fob Cuba) Open interest; 1,300 contracts.
for the Cily up to now
also
Marcia May
5.43
attitude, thanks, no doubt,
8.49 Our
International Busine
3:07
International Harvester
37%
International Nickel
International Paper
20
International Tel à Tei John-Manvilio Co.
at 10 designated spot markets Sept. was 34.13 cents. Sales at these centres totalled 28,734 bales,— United Pres9.
Nov.
March
23
BAY Spot-(cents per lb. ci
NY ex-duly)
-Unlied Press.
New Romance
For
Brian former
Soldier
London, Feb
Sharpe, 22-year-old soldier, who Was
in Kuala
Lumpur Register Office in October as
artes d
was about to marry a Malayan | General Electrio widow of 32, is now engaged to
macy Pricin
his childhood sweetheart, Stephene
of Anne Street, Kendal, West- morland
Brion, now living at Vicars Field, Kendal, sald today: "I have known Pat a long time and we became engaged when I returned to Kendal a fortnight do not know when wo get married.
ago.
shall
"I have forgotten all about the business in Malaya."
Brian, who this week started work as a clerk in a Kendal stocking factory, gave Patricia a platinum engagement ring. Patricia, who works in a local shoe factory, said: "I am very happy." China Mail Special.
Canada Not Red Ripe
1
General
Machines
Kemecott Copper Lockheed Aircraft *** Leows Incorp..... Lone Star Cement Co. Minnesota Mining Montgomery Ward
National Cash Regimer Notional Distilore
National Lend New York Central Qua Elevatore Pacific Gas & Electric Poolfie Westera Dil Pan American Airways Paramautit Pictures Philips Pelloum ... Pittsburgh Plate Clot Radio Corporation
Reo Motor
Republic Steel
SMI O Co.'
Bocony Vac
Sinclair Oll..........
Southern Railway (Com.)
Standard Brands
Bundard Oil of California .. Blanderd On of Indiana....
Montreal, Feb. 16. Tho National Communist Standard Oil of New Jersey
Stokley Van: Camo, Mr Lelle Studebaker Packard Corp. Party
organiser, Morris, sald last night that swart & Co neither Quebor for Canada Co,
Union Carbide generally maniem.
יו
was ripe for Com- Union Facile Hallwar Morel
mid that the led Imp.
UB. GypsaT Come U Line Co.
UA, Rubbe madon) Party had about 10,000 Unted toe Smalkan
Labour
Prugreeve
thence the heat has been on Wedworth United Pro
35.17-10 33.17-10
LIVERPOOL Offcial values for spot cottons Include (in pence per lb.):
15/10th middling American strict low middling
SAO PAULO
Future closings, in cruzeiros
out Estate crepe thick March
thin
No. 1 rubber
No. 2 rubber
No. 3 rubber
No. 1 crepa
AMSTERDAM
3015
2.10 nom. 2.70 nom
2.95.nom.
United Fress.
Domestic No. 8 sugar futures FLATTERING INTEREST closed one point lower lo one
The market was weak. Prices Á stresm of high-powered closed today in point higher with sales of 611 missions
from
gullders per governments, kilogram, CIF March as follows: contracts.
industries and
in- financial World contract did not deve-stitutions serve continually to lop enough activity to show a
impress upon the Latin Ameri- trading feature.
can countries the interest that Trade Interests were on both is taken in thele development. domestic contract, This is both flattering and wel- with the general overtone holding come, for they want to diversity steady in ting with the raw trade by building up
closer situation. Future closings: links with countries other than Contract No. 4 (world)
the United States. 318 3.18 British industry and com- 356 merce alone cannot be blamed 2.16 for the lack of crusading spirit, 3.18
Rides of tho
In 45% average price of middling cotton | July
Singapore
Stock Market
Singapore, Feb. 17. Brokers today quoted to following stock prices:
British Borneo Petro-
Feb 15 Feb, 1? Closing Opening
kum Byndirate 32/33 Consolidated in
$1/00
- Smelters, - Ordinary 30/94 30/04
$1.977
Tráser mal Neave Ltd..
Ordinary LALO
Open Interest:" 3,079 contracts,
4.56
B.42 the
5.48
shown a lukewarm
commitments
has
in
have
Tea Retail Price Should
Be Lower
Bonn, Feb. 10, Ceylon's Premier Sir John 5.60 heavy
Kotelawala declared firmly to other parts of the world Fornight at a tea party that he 566 the major schemes, however, wants 538 the suppliers of equipment ned
contractors must
to long-term loans. access Capital is short, and with the vast potentiallies that lie ahead Here is
preference for bor 'from abroad duction being so much greater than the cost of the loans.
S
the
tea prices to go down, not up
The Government head of the tea growing island flatly denied reports that Ceylon tea price would be raised by
four pence a pound as soon as he returns from his European trip, which conference in London and
Commonwealth
three-day state visit to West Germany.
New York Foreign dividends from increased pro- included the
Canada
Exchange
England-tofficial
too
Greater co-operation, therefore, New York, Feb. 16.
between British Industry and
are Interested in seeing $1.003 the City is necessary.
tes pricom going down, and we 2.04-2.60. 30-day futures 1.70
NEW · APPROACH
think that they are definitely 10-day futures 3.70 1/10
told Switzerland
2332 A now approach is also need too high now," Sir John Canadian dollar rate:
ed from our business extcutives wamen here at a tea
party buyers
who,
given in his honour by the Bonn apot: alone
when vialling Lis 1.03 7/33 1023%.
Government Press' Office. high
1.031 1005/21 America, invariably try to
Sir John added smilingly, "It 1.076/321.025/32 cram for too much into Jow
1.037/A:101 7/8 short a time. In fact, more into trouble when I sald
too looks to me that I got myself , in
CO-DRY
| Future: 30-day
$1.07
4-month
1634 Fraser and Noave Lid 00:00
73% cum, pref
40%
hal Bank
Register)
Corporas
Bingapore: South Bri
insuranoo
||Straits" ""ynddo
United
Ordinary: LAYO
Pour-diy.
$400
$4.00
$1.30
wellers
1.0% 0/34, 1.000.
Prátod. Pres.
London Foreign
Exchange
too
than good Inspending
only
done London that the middlemen are
Low 0
days in one of those countries, making too much proff on our The people resent stick whirl- export, but I do think the wind:
retail prices here in Europe feeling that the could be lower United Pres trips, problemin warrant more time.
#Aïpoint of apécial interest:
| these, countries. fortune that; in Shakyana(or another world war, #stro woull be difficulties obtainin 'sparo
·Plants particularli
23.10 23.30 100 of 23.30 Spot
78 21.70 MAY
60 21.70 July
31.70 |Bept.
Nov,
Barley.
Spok
200 lb. mack
EVERETT
LINES
EVERETT ORIENT LINE
Fast regular freight
refrigerator
passenger service to Korea, Japan, Philippines, Indo-China,
Rangoon,
Slam, Malaya,
Calcutta and Chittagong.
"NOREVERETT”
Arrives Sails
Feb. 19 from Singapore,
Kobe Feb, 20 for
"REBEVERETT”
Arrives Sails
&
Yokohama,
Feb. 25 from Manila, Feb. 20 for Singapore, Penang,
Rangoon,
& Chittagong,
Calcutta
(Accepting cargo for tranihipment Kobe/Pusan and Kobe/Okinawa)
EVERETT
STAR LINE
Fast regular freight – refrigerator
Kervice
算好
Japan, Malaya, Colombo,' Bombay, Karachi and
Ferslan Gulf.
(Subject to inducement for direct call Korea),
"STAR BETELGEUSE”
Arrive Salta
Feb. 20 from Singapore,
Feb. 20 for Kobe & Yokohama,
Feb. 20 from Japan,'
+
Arrives
Sails
(LIMITED
Feb. 27 for Singapore, Port 'Swet- tenham, Madras, Colombo,. Bombay, Karachi, Boarat, Kuwalt & Bahrein,
PASSENGER ACCÓMMODATION) (Accepting cargo for transhipment "Kobe/PusaIS
Kobe/Okina "WIN)
EVERETT STEAMSHIP CORPORATION S/A
(Incorporated in Can Repubile, of Panama
with admited Liability) Chinese Department: Telephone 28293. Queen's. "Building, Telephone 31206,'
MESSAGERIES MARITIMES
#P.6. Box 533 Queen a BATA
FAST ENGER/FREIGHT SERVICE
Exchange Rates CAMBODGE
“Unofficial », exchange
morning at the
this
"VIETNAM”?
"ANADYR
shiling Feb. 90th
- malling"Apr:", BE
ling Mar.
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