1955-03-14 — Page 9

THE PILTDOWN

SKULL MYSTERY

BOOK REVIEW

London, Mar. 18.

A mystery story as

In-

triguing as any of the mas- terpieces of Edgar Wallace

THE CHINA MAIL, MONDAY, MARCH 14, 1955.

TRADE and COMMERCE

SECTION

Pago

BRITISH INDUSTRIES FAIR London Markets

has been written by Dr J. N.Y. COTTON

Weiner, Reader of

Physical Anthropology at Oxford University,

The learned professor Inuy not previously have regarded himself as a writer of thrillers and certainly when be set out in wile "The Piltdows Forgery" (published by Geoffrey Cumm-

MARKET

REVIEW

hertige for the Oxford Univer- By William Plunkett

ity Prep -12x #d) he probably Intended 11 to be an academie TEAT

That he has succeciled in pro- dosing both an academie WOEN

New York, Mar. 13.

Cotton Tulures this week i

vecovered haltingly after

and a mystery story at the plommeting to the lowest.

Tou as a tribute to his rholly Expresston, auded by the

་u[

Base Baatrest of his subjeri.

FOUND IN SUBSEX

The filtdown skull. 10- #ether with other allegedly carly human bonos, animal bones, and fit implements, were reputedly found al Piltdown.

in Hennox, In Various stages around 1008- 15. Several prople had a hand in their so-called đìn- covery, but the leader was the late (harles Hawson, a Sussex solletior amateur archarologisi.

and

Daw

veract

his colleagues Dunjoumeeil by an exelled sejenti,

Then twent

epoch-making ainavovery of a remote ancestral form of man the Dawn Man v

Pilkdown which { };#પાં was the inst fungible and wetl high controvertible proof Aho's age-life ancestry,

#skull which

with

m-like cum ad aper-like jaw could well be regarded as confrinn- Ey of the evolutionary theory jatt forward by Darwin

were

me

whos

Scientists, accepting the dis. envery as genuke, poi its date at some 300,000 years old.

But there cast cust on the autheticity of the skull and ever since its discovery. They have tried by B muner of testy la/pruve either

that that I was chuine ur Wake

hundreds, possibly Literally thesis

learned dis- of contrses have been w.itten about

M

writen

The burning point in favour of In 1949 the disbelievers came when Dr Kenneth Oakley tried on the skull a test based on a iggetlen discover y alul by Dr Carnol, minerologist, in 1092, amount of fourine

with their geologieat increases

French

that the bones JEL

The test

that showed

tlac skull could not be, dated back 500,000 years but a mere 50,000 years--the laller part of the leg ARC.

level in 14 months.

Maximum Josses of $3.50 haks were reduced by about 25 per cent us the period ended.

At Friday's close the general 1x ruled ID to 28 points-05 Pents to $1.40 a baje- lower than the preceding week.

Old crop deliveries slood In, Froat of an avalanche of the selling credited to Wall Street commtesion houses, New Orleans brokers, Liverpool and Memphis intereska, plus the usual amount of hedge selling as itader backed

tway

SPOT MARCH DELIVER Y

Th

Principal Countries Of Commonwealth Not Exhibiting

From Ronald. Boxall

London, Mar. 13.

the

Not one of the principal countries of Commonwealth is exhibiting at this year's British Industries Fair. Instead they are booking space at the international trade

China's Rice For Ceylon

Colombo, Mar, 13. Communist · China. witl genil 50,000 tons of rice to Ceylon under last year's rubber and rton pact be- tween the two countries, It was announced today.

is maid that Cerlon was making

Arrangements to and shipping to bring thr rice back пи China cannot spare shipping bes cause of the current tension Mituation in the Formosa Stralia.-—United Press,

fairs in Europe, America and Asia-or simply keeping their HONGKONG

money in their pocket.

Last

When the BIF opens at Olympia in a few weeks' time the Commonwealth section will only have six stands. year there were fifteen.

Africa, Pakeston,

Fald 1 dan Trade representative, "What wo Jud haven't had time to think what the 131***

Canola, New Zealand, South monwealth's pant of view went : Gilvernment."

Indiu and with it. Central Aften new staying away, i The West Indian volans which inst

K Her sends are do with

Only Malaya, Mall, 11 Mourthus

have Cygnus thinatht it worth their while

11 fell to

will end Call

weakest 1730 32.05 cente

delivers tongki

March spol where dealings Tuesday, proved ਸ.

44

C

pound on Monday, establishing be rupurttany reputed

new low since Dec 31, 1953, and

widest represented the break for any

Fession in 20 years

Ther

It

1:*t" But

were

11

for

POOL RESOURCES

STOCK EXCHANGE

(From Our Correspondent) in the Boat Being Stock Exchange the mot

artonantegi

S220LOTA 50 Mau nu dake no and the map

b

SHARES DEVERS

BANKS

SELLERS SALEN

10

2019

UNMURANG EA

Look

Most of the countries that Lak xlunde in the Commonweal112 section had no hope of selling well noything

kumw They

Among countries. Whee enough that people who visited

taking part again the only un- the BIF--especially Dom DVA pour - went there to see what was

Jautam chang of dies bam of the West manufactures been the deeladon British Commonwaalta core indian governments to prol their resureca and put on t group glad to paritetpote

exhibit.

Fr> mistead of

separate "prestige purposes

stantly

British Trade officials with whom i Jamaica, Trinidad,

Tobug and spoke were maturally reluctant the Windward Islands there will | summiNG to link their decision to stay be a single exhibit under the all- Ble away this year with the change tinbigeing banner of in the management the Fair. Caribbean Perritories. They talked instead of lightness į mak E publicity budgets and the need reoty for flexibility in their exhibi- tion prog: animes

This

week private ogilnon poll amung Comm- it with trade offends in Lan

And hat

the wason for thur and slate of affans

They bor down to

this

When the British Government stepped of Ure picture and handed responsibility for the to a private company the value of the Fair from the Corn-of

On Sept 8. 1952. the markol vedlapovi arounel 125 points When (1 GoverBntent crop estinale

revised upward Fover. The sharply, traders recalled.

wäs

suffered New crop portions from the combined effects of: 1. Dullness in the textile markets; 2. Uncertainties over

furni legislation dealing with acreage controls, price supports and ex- port policles for raw cotton; a Favourable tenor of preliminary heavier rate uf news; 4. The producer foun redemptions; The stock market upset and the declining trend in the general commodity price level.

In

5.

HIK

NEW YORK

STOCK

MARKET REVIEW

By Elmer Walzer

The London representative of,

Exhibitions Cm- The Canadian inlaston said the Dominion had decided to

concentrate publicity efforts into specialisedi chatrols. It will miss the AIF for the first year since the wor and exhibit instead at the build- ing and plastica trade shows in Nevertheless I will participate in international trade fatrs in Utrecht, Brüssels, Paris and probably Berlin

дежь

London.

GENERAL CUT

A New Zealand official sid that his country had decided to make a general cut in its over- sens exhibition programme. The BIF was in my case "not a good primary producing country first and fore- most New Zealand can expect to A goll nothing at The Fair, be ødded,

products of JA industries UFC not

avenue for us." As

LOAN REDEMPTIONS

Hoavior Joan redemptions were viewed from two ngencies. One coterie figured the re- possessions

naturally, increased the "tree" market supply. The

New York, Mar. 13. other observation was heavier

Stocks had their widest redemptions only emphasised the f Lght supply situation for desir break in 16 years in indua- able grades

com-trials and nearly 22 years in prod existing Inercial channels,

rails during

the past Loan entries, i alo was sessions. figured,

nol increase maerially between now and the

The losses were sharp. They suce in Britain. dai hot belong to the same skull.cloding date for entries on April od up in each session except

30. Statisticians

Thursday's and that day a late spol selling drive, Aurel market sales of around 10,000,000 otherwise might have been

cut down what

the bales, so far this reasort in

substantial recovery. open market, plus least impound- inger of 2.170,000 bales, left cution available for the little lan. United Press.

This discovery led to the be Hef thut tie human-like cranium and the upe-like Ja w

GEIGER COUNTER

The doubt

given almost proof by another test made by a Geiger counter such as is used to scour the world for uranium deposits

Was

for the atomio age.

All these tests have

shown, according to the scientists, that the features of the Piltdown "discovery" could have been re- produced articially-that, In fact, it was the biggest houx in

science.

only In-

Dr Weiner's book deals In de- tail with all the various tests. I is that which gives it the air of a detective novel, slend of having a body and then setting out to find the murder- er, in "The Piltdown Forgery" we have a akull and have

fud whether it is genuine,

10

Dr Weiner given the answer

in a book which is well worth

reading. China Mall Special

New Scheme For Driving Locomotives

An

Vionna, Mar, 13.. Austrian inventor,

Ferdinand Karph, has submitted

muy

India Not

The drop came after a sharp rise Inst week to new bull mar ket highs. That rise had im- paired the market's position somewhat nad left it vulnerable trucly to anything that smacked bad news.

INVESTIGATION

of

und

and

This wilt impactpres and

ulso bring in me of the smaller West Indian territories who have never before appeared at the BIF

But in the main this year's fa will back tor exate lotch that The Commonwealth sevtion provided. And it will be porer for 24

Singapore

Stock Market

Waterbout

XI

DOCKS, "I'C'. K WHI 1718-16

26 201 Provident (33) 15.40

17

300 19

TH

LAND. ETC.

Adjusting

Their Positions

From Our Own Correspondent

London, Mar. 13.

London stock markets are slowly adjusting themselves to the dearer money policy put into effect by two successive increases in the bank rate. And the result has been a general decline in prices for stocks and shares.

The fall last week was persistent rather than spectacular and it was brought about as much by absence of buyers as selling operations of nervous holders.

of

But if there is little reason to expert any significant rise of prices over the next few weeks neither is there cause to fear a sustained Tall.

The

medium term economic outlook is sul Men whole the Financial full of hope. With £500 alllion Times gilt-exited and industrial surplus in prospect the Chan- muliers have bath taken further | cellor mny yet find 11 possible

The number

bargains; so and unl this is completed marked was die inwest of the big investors will no doubt re- Sung, as indication that most main on the sidelines, investors re all content lo The exi play a wasting game, important event in the reonomle year is The Budget and markets will probably jog along much is they are at present until that is out of the way

Bulls the former from 88.83 a! The close of the previous week 07 84 on Thursday and the latter from 188.2 to 179.0.

lo

make some

concessions. The pound has at lamt respond- ed to treatment and

on the rond to recOVETY.

And despite disinflationary measures Indus- try is still working full out.

AL the

however, moment,

OTHER FACTORS But though the adjustment to i A new

interest pattern of vales has been the main force medium-range forecasts are less behind the decline uf prices Important to investors than the is which other factors muking for weak-inmediate question news have also been at work how for prices hove to fall bo- new equill- Last week sow the settlement fore they reach the of account that ended the pre-brium. And while the answer

awaited vious week covering period

it is becoming which prices fluctuated sharply possible to judge the effect that Butler's fighter credit end some operators found them- Mr selves with quite hepvy losses policy has already had on the to pay. Part of the week's sell- cost of raising new money for ing, especially of gold shores,¦ industry. has been attributed to the loss

15 Hater XD) 16 23 15 40 2000 2 16m of covering operations by bitten

Shat Lond.. 84c

1925 Lazıd Xu 다른

XI 310,

UTILITIES

speculators.

Likewin

21 22 21 of 1 2

Tram XD 1930

300 1950

Aman Ferry

174 C. Light (0) 18.70 16.30 2100 « 1030

120 10.90 C. Light (N) 13% 13.60 100 * J3,00 Electric

Bophut

STORES, ETC.

houses

pinch

tions.

DEBENTURE- STOCK

Philip Hill Investment Trust purt of the selling has placed £1 million of 4/1⁄2

aro

stock 1979-

Government short-dated stocks was caused by the need per cent debenture le realise investments to meet 83 at the price of £984. Had immediate cash requirements this operation been made at the this time by discount

the year it is market ginning of who are feeling the belloved that the interest rate

cent of tighter credit condi- would have been 4

4per and the prico adjusted to give Last week's price fails

the

yield of eight redemption partly explained, tod by the shillings per cant less, sharp selback on Wall Street: In the commodity zire and the fact that the present markets earlier gains in oils were Dccount, is the last before the wiped

the market out when 200 24 13,40 | end of the stock exchango year, reacted on the Wall Street set-

These affected

in boek; teas drifted lower on the different ways, but the net re-drop in London auction prices sult was the same,

rubbers remained quiet; fund ON SIDELINES

Wall coppers were carry on Street The general feeling is that no news and the absence of Con- big improvement is likely intinental mapport, South African 4.175 the immediate future. Adjust gold shares rallied on Tuesday ment to the rise in money rates but some forced selling later probably still has some way to pulled prlets sharply back.

3z

20

Dairy

AN WKF

21.50 13.40 19.00

800 p 21.30 KUULU

1. Crawford

23 20

6.00

Singapore, Mar. 14. Brokers today quoted the! COTTONS following stock prices:

Borneo

Syndicale Comolidated

Ordinary

Frastr

Textile Corp Nanyang ... 0.10 0.00 MISCELLANEOUS

....

4.17

2000

South African

Mar. 14! Operati

Petroleum

All:6

and

The Smolten;

Neave

Tid..

Ordinary Losure

Fraser and Neave

7 cun pree.

30/00

$1.97

$1,60

Hongkong & Shanghai Bank

Corporations

Registers

5030

Malayan Hreweries

$4.00

Raics Hotel

Singapore Cold Storage south ritish Insurance Straits Tradizist

$1070

Ordinary

Inste

$11.70 $2.00

Straightp

United

England

Waurns Brothers Hengking Tin Pelailing Ti

⚫ with dry.

National

Automobile

Durban, Mar. 13. $5.07* South African automobile manufacturers and wholesalers conddent that the Union will ultimately produce 11

-China Mall Special

fre

The Bank Of France national car.

Statement

South Africa, too, hus cut its overseas publicity

budget

But the Union's trade officials in Lon- don think unlikely that would have participated in the BIF even if money had been available. "We used

10 take the Commonwealth section was part," said one official, "because

# united effort. We didn't have my goods to sell, but we made

up for that in prostigo we gained." But now I Hather South Africa does not

A concerted move to achievr coriskler it wurth the expenso

it appears, is playing

this object, among others, was amc. If the Fair does

at 1 conference in Durban under is now management witnesses that margins ought to it will return poxt year-but only

recently when executives of the Paris, Mar. 13. be raised until the market was

motor trade laid the fourkintions The Bank of France statement of a party and accesories in on a cash basis.

If other Dominions do too. At the same

the week time

ended. Mar. 2.dustry designed to make South though this for Selling at the defence issues vigorous young

I reads as follows country

Africa independent of imported first. Then it spread throughout exhibiting at International trade

Branc products. the whole market. On one lone į fairs In Scattle,

Sacramento Total goid kolding ... 201,231,391,426

attended The Total other currencies

entrence was recovery day the issues hardest (California) San Francisco,

11,063,270,502 besk htt previously

by officials of the National Auto- Frankfurt, Tokyo, New Delhi quid igist balance broad

EPU

69,233,424,000 mobile Producky Manufacturers Now Delhi, Mar. 13. performers until late that day. In Australia and New Zealand. | Advanced to CUIT.

Association and tho National Reliable sources here em-1 Steela

Stablz. Fund railroad is participation in British ex- aircrafts,

107,100,000,000

Motor Parts and Equipment phasised today that India tesues, alls, shipbuilding stocks, hibitions will be confined to

and many specials had wide handicrafts and apparently contemplates no breaks. Substantial losses also

Expected To

Change Tariff Policy

The Senate investigation on the stock market furnished what Wall Street considered bod nows--teslimony of

A

several stan

were the

homecralta

change in her basic policy were suffered by motors, mehows in London, regarding tariffs on imports cantiles, chemicals, utilities, INDIAN EXPLANATION

a scheme to the Austrian rail- ways for the use of earth-cas0

· instead of coal.

communications,

and airlines, specials with a peacetime opera-|

Total bills discounted 1.125,035,400.275 ASSOCs who have looked i

Bank note in circula-

tion ............... 2,340,700,301,939 Current accounts and

deposite

-United Press.

111,870.391,930 to overseas manufacturers for the bulk of their equipment, pledged themselves to give pre- ference to locally-made products

An Indian trade official ex- The Bank Of England

plained his country's deelston to drop out of the BIF in blunt money terms. Last your it spont. £18,000 on. Its much ng- hear-mired stand at the London Fair,

Statement

However, that point eit% BIF from ite trade publi-Private deposita

this

Sterling

as long as they were avaliable and provided that current trade' relations with oversens suppliers were not imporilled-Franco- PROSIC

Exchange Rates

WAJ dome its the local 1,070.009.004

exchange market 24,002.240 morning at the following ratesi-

· 47,60,714

of British textiles.

There were some doubts held tion. that tarif reduction by India

NOT ONLY CAUSE would not solve the problem of e hard-hit Lancashire textile

Landon, Mar. 13 While the Washington industry in Great Britain,

The Bank of Engira stale- Things may have provided

an This year It i

is using the money ment for the week ended Mar: D plight of British texillo industry excuse for the selling, the to

part take

In other, trade has been under discussion in the ports sald, it was not the only shows, including those ut Milan reads as follows: House of Commons this work. couse of the drop. These experta and Lausanne, The Government defeated an

been an said, the market had

Australia took the decision to Nate in circulation opposition molt

motion censuring its carried up sharply and was

Publie deposite colton

policy on Wednesday. entitled to at least a technical

www

campaign last year. But in Government securities Indian and Japanese competition reaction.

world texilie markets has also was disputed when it deserted in favour of other Eurortio

case London has not been other scurities

Krecipta en blamed in part for reduced market went beyend

pear capitals.

It British textile exports.

definition

The break was a big one for pahasis on products, rathe"} direction ct Australia's bulbs It was understood here that by market audit dated back India's basic policy on British to May 18, 1940 for the in-campaign that has changed. This textiles will remain unchanged dustrial average. At that time your it is going out to sell

food

to Britain and the Commona debate the average fell 28.42 points in

person it

It wants to notch with and falks baiser British High A single week..

vine prointed its publicity is not the manu Comtalarlanta Sir Alexander This week's decline amounted Club with Indland- to 18.80 points. Railroade felt facturor but the housewife. S ter for Commerce Mr. T 56.14 points, thes widest wocky the Ideal Homs Exhibition advIETNAM

It is concentrating on shows like drop since July @is, 1935, Uulidior with a decling of 2.29 the Food Fall,

The Austrian rollwaga ar gradually being converted to the use of electric, power, but there ere all some 750` cord-fired. steam-driven locomotives in uro. The laventor stressed that the cost of Imported steam coal la one of the heaviest charged on the Audrina rüllways andt ja 1,000 one of the big iteme in Austria's despite the Imports from abroad,

At present, he claimed, thou

sands of cubic metres of earth

ans go to waste every month in the Zister story, ourlaida, Vienna. the Rudans who

Krishnamaobæri.

Tihan

moro

It was 'alno muggbetød Harg Khelt severoa); fall seappearence on the oth

have cómificated the oil-fielde ar that Britain should, coriduct, a fostrar el Dornan Bandit, corid, market analysieke to

bo, perusded to allow it, this | which quality imbrice ar

special extind

United Press.

ind

Ma 000,000,000

Central that the has nothing to The valuation là hết a

United Pre

18 the

0.05

281.046,031

Sterling notes yper, £17. Indotestan supiah (per, 100). 40.700,007 Blain teals (por 100) 3

18.80

14.50

-thalled Presi, ·

Ringapore (Biratta da NASDA Indo-China plantres (por

MESSAGERIES MARITIMES

PO Box 53: Queen'■ Building Tan SAGT:

FOROSSFAST: PASSENGER/FREIGHT SERVICEY'S DEG

salling Apr 9th CAMBODGE!

salling May 20th,

.

Ev

markets

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M

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to Korea,

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Fast regular freight

service passenger Philippines, · ·Indo-China, Slam, Malaya, Rangoon, Calcutta

“NOREVERETT”

Arrives Salla

and Chittagong,

Mar, 20 from Manila, for Mar, 21

Singapore, Penang, Chittagong

Rangoon, Calcutta.

"LENEVERETT"

Arrives Salla

Mar, 27 from Singapore,

Mar, 28 for. Kobo

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EVERETT STAR LINE

Fast regular Treight refrigerator service to Japan., Maidya, Colombe, Bombay, Karachi and Persian Gulf. (Subject to taducement for direct call Korya)

"STAR BETELGEUSE”

Arrives Sall

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Mar. 20 for Bingapore, Pert Swetten...

ham, Madran, Colombo, Bombay, Karachi, Khor- ramshahr, Basrah, Kuwalt & Bahrein,

"STAR ARCTURUS”

Arrives Balla

...: Mar, 21, from Singapore.

Max, 211

for Koba de Yokohama, (LIMITED PASSENGER ACCOMMODATION): (Accepting 'cargo ‘for franákipment, Kobe/Putants and Hóbe/Okinawa).

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