1955-03-23 — Page 9

Wine, Women! And Song Wanted

Paris, Mar. 22.

The French poet, Robert Baze, wants to bring wine, women and song back to the silent gardens and arcades of the Palais Royal; former rendezvous of princes and courtesans, gamblers and libertines.

The 17th century palace was long the residence of the Royal Princes of Orleans, until it be come the scene of equally riotous but more plebeian living

the Revolution

it

ons as

houses

the

TRADE

THE CHINA MAIL, WEDNESDAY, MARCH 23, 1955.

and COMMERCE

.

SECTION

NEW YORK AMERICAN INDUSTRIAL CRISIS

STOCK

MARKET

Last-minute Rally

New York, Mar. 22. Stocks capped their fourth session of dull, trading with

last-minute rally today! which just about restored such stald

Bank of the losses of yesterday's Economic last-minute shakeout. Council as well as the Comedie and people who pay

France

and

the

Borisont rents for flats there,

in return for peace and quiet in the heart of Paris,

M. Baze who lives in the Palais Royal himself, unc

happens also to be president of the "Academy of Striptease," says that what the Palals Royal noods today is "pretty women, and lots of them."

SUPPORT

When he made gestions

Bis sug

at the end of February, he was supported by members of the French Academy, a former Govern- rient Minister and a Prefect of Police who made his reputation through the im- piscable enforcement of anti-prostitution laws,

"Bue

do not

misunderstand he said in an my proposals," interview later, "There is no question of turning the Palais Royal into a national brothel. What is

is needed are brigh cabarats and cales, fine res-

taurants, high fashion houses and lots of lovely girls-that is what attracts the public,

"At present even the pigeons go unfed in the gardens of the Palace, and under arcades where are only money-changers and booths selling medals and rare Stamps They should be fumed

out."

M. Baze thinks that if his idea were put up.to the public, about the only people who would ob ject would be his fellow tenants in the Palais Royal

In the past half century, others have tried to turn the palace into a stadium, a munt- an ex- cipal swimming pool, hibition hall and a stock market, But all these attempts failed.

The Palais Royal was built in 1629 for Cardinal Richelieu, bat this powerful minister of Louis XIII never lived there,

TAKEN BY PRINCE

1t was taken over by Philip, the Prince of Orieana who served as Regent during the minority of Louis XV.

While the nobility lived high inside the palace, the French Revolution was being plotted outside its very walls in the cafes of the surrounding market place, revolutionary clubs, cluding the Girondins, held their meetings.

i

In 1789, the mob gathered in the gardens of the palace before attacking the Bastille.

The only crowds in the gar- ders today are composed large- by of governesses and small boys, who sail their boats in the fish. pond where once the young Louis XIV was almost drowned. -China Mail Spécial

MOSLEMS

WANT

MAGAZINE

BANNED

Kuala Lumpur, Mar. 22. The principal Malayan Moslem political party, United Maizy National Organization' today ask- ed the Federation Government to forbid the importation of the American weakly Lie..

The reason given was that the issuic of December 27 last published what they called a

photograph of.

the 1

Prophet Mchamet in contravention of The Koran Law.

The party called the publica tion offensive"' to 3,000,000 Malaya Moslems.

A handful of kaurs-mostly in defence groups such as the steels and aircrafts-rose A point or two while the main. bedy of stocks held in a narrow

fractional range.

Turnover totalled. 1,910,000 shares, compared with 2,020,000 yesterday,

Industriale were lifted 2.07 points on average helped in part by gains of more than 2 points each in Bethlehem Steel and United Aircraft,

Ralls recovered 0.93 on gains ranging around a point In Santa Fe, Baltimore and Ohio. and New York Central, among others:

AIRCRAFT GAINS

Aircraft gains extended to nearly two points in General Dynamics.“ Clean Martin Chance Vought and Lockheed rose a point, or more.

да

Copper stocks moved up prices for the metal rose to new highs in London. Magma added nearly 4 points, Anaconda, Kennecott and Howe Sound well over a point each.

American

Shipbuilding and were strong. Bath Iron Workca, Newport News Shipbuilding and American Shipbuilding added around $11⁄21⁄2..

$2,-

LOOMS AHEAD

Motor Union Leader

Demanding

Guaranteed Annual Pay

From HUGH DUNDAS

Washington, Mar. 22.

Judging by the number of low-slung multi-coloured 1955 automobiles already. crowding the roads you would think America's biggest industry was in fine shape.

By March 5 production of new cars in 1955 had reached nearly one-and-a-half million-48 per cent up on last year. And there's no sign of slackening demand.

World Cotton

Markets

Americans,

new,

45.

bowled Philip Reuther, adroit, genius of always

Mr over by anything shiny and mass labour organising.

leader have fallen for the new. Reuther,«

of the Workers, Automobile leck. With three years some United

started negotiations times even four years to pay, has just

Mctors which General through with they are streaming dealer's showrooms and emerg-look like leading to the biggest crisis faced in this Latest the

garish industrial ing with models.

country for 20 years.

them.

of the Auto Union

Rubber Plants Sale Approval

Washington, Mar. 22. --

The House today ap-

Administra proved the tion's proposal to sell the Goycznment's 24 synthetle rubber plants to some of America's birzest all. chemical and rubber firms for $285,465,000.

The sale bescines exec- tive unless the Senate voles by Friday midnight veta them United Press

to

HONGKONG STOCK EXCHANGE

(From Our Correspondent)

Noon quotations on the Hong- kong Stock Exchange this morning wore:

Total World

Exports Up

United Nations, Mar, 22.

Total world exports in 1954 set a new record, according to the monthly statistical bulletin of the United Nations.

Preliminary estimates indicate this total

amounted to $75,000

million, slightly higher than the New York Sugar

last peak year 1951.

Prices of world exports of manufactured goods fell by about 2 per cent in 1954. Prices. of raw materials, however, re-

Market

New York, Mar. 22. World No. 4 sumr futures

mained unchanged. The result closed today unchanged to four according to the bulletin, was

contracts.

redistribution of gains in world points higher with sales of 160 trade in favour of countries ex- porting raw materials a shift of about $500 million.

'+

accom-

Firmness in world "contract was associated with the Со tinued good inquiry for raws at

The fall in prices of manu-firmer prices and the substantial factured goods. was

volume already sold by Cuba. panied by an expansion of 3 per Dealers estimated Cuba has sold these well over half of its total world cent in the volume of

quota sugar for this year. goods.

Mixed dealings between r0- Prices of cruce food materials Aners, dealers and commission rose 11 per cent, due to the houses featured in the domestic SHARES BUYERS SELLERS SALES spectacular boost in the prices contract. Futures:

declined slightly. BANKS

Industrial

Contract No. 4 (world) materials were substantially unchanged from the 1853 level, with the exception of oil seeds and vegetable oils, which tell. 10 between 9 and 10 per cent.--

United Press.

but

K. Bark'... 155 1550 25 1355 Tast Asia

INSURANCES

Union Lombard

SHIPPING

Waterboat XD

DOCKS. ETC. K. Whart Dock has

19

19.50

64

New York, Mar, 22. No matter that these new-Mr Reuther, who is boss-not Cotton traders today unsuc- ears look like vasi, mobile only cessfully tried to keep Monday's barang splits, Americans want also of the whole Congress of late rallying tendencies going.

Industrial Organisations, marched down to Detroit under a banner inscribed "G.A.W."

strike Those three letters terror into the heart of General Motors President Harlow Cur- tice. They even unite him with his bitter rivals at the "Ford plant in determination to Bght. Mr Reuther to the death.

After an opening.rise up to 25 cents a bale, the market turned Ex-irregularly lower, giving ground

by easy stages and "establishort the day's lows in late trading..

the list was At the close down 24

the from points 10 to 15 polats highs and under the previous close.

Of a total 1,136 issues traded, 551 were higher, 325 lower. The New York, Stock change bond volume was 250,000.

The American Stock Ex- 690,000 volume" was Change shpires.

Dow Jones closing averages on Wall Street were as follows:

30 industriala eu

20 rails ....

25 utilities..

83 stocks *****

40 bonds

Comm. future price index

YESTERDAY'S

Alder, Inc. AMY. Allied Chemicals

Allis ChalmETS

American Airline American Metal American Smelting American Tel & Tel American Tobacco "B" Anaconda Copper Arm.co Steel' Armour

Baiwin-Lima-Hamilton

Baltimore & Ohio

Bendix Aviation Corp.

Benquet Cons Bethlehem Steel Boeing Airplane

404.42

The market opened up 2 to 5 1434 points, New Orleans closed our

63.77 14 to 18 points.. 157.02 3,

PRICES

21

Canadian Pacife Railway

Case (J. 1.) Co. Chase National Bank Chile Copper..

Chrysler Motors Commercial Credit Commontrealth Misc. Consolidated Edin Continental Steel Com ProdLOIS. Crane Ca.

Cuban American Sugar Curtis Writ

Dupont de Nemours Eastman Kodak

General Electric

General Foods

General Motor

Gillette Safety Razor

Goodrich (92.) Ca, ... Goodyear Tire & Rubber International Busine" Mach Bakernational DeveEN International Nicke Treberriational Paper International Tel, & Tel.

John-Manvillo Co.

Kennecott Copper

Lockheed Aircrate

Leows IncoED,

Kaz

Lone Star Cement Co.

Minnesota Mining

Montgomery Ward

National Cash Register "A"

National Distillers

National-Land

New York Central Otis Elevators

Pacific Gas & Electric Freide Western Oil .... Pan American Airways Paramount Pictures Philips Petroleum Pittsburgh Plate Gines Radio Corporation Rep Motors

Hepublic Steel Shell Oil Co. Sinclair Of Socoty Vacuum

Southern Pailway (Com.) Standard Frands

Standard Oil of California. Standard Ou of Indiana

Standard Oil of New Jersey

Stokley Van Camp

Studebaker-Packard Con

swift & Co.

Texas Co.

Union Carbide

Union Pacise Railway

United Gas, Amy

US Gypsum

the

U.S. Line Co

United States Smelting

8. Steel

The Party, with a membership od 200,000, is allied to powerful Malayan Chinese Asso- ciation, with a strength of 500,- 000 members-France-PresZU.

MAU MAU GANG CAPTURED

Nairobi, Mar. 22.

A police patrol accounted for

a Mau Mau gang of 16, whom

they surprised on a European: estate in the Thike, tren north

U.S. 'Bubber

Warner Bros.

Westinghouse Electric

Woolworth

93.82 Recent buyers. anticipating a 155.41 broader rally after Monday's forenoon break indicated disap- pointments with the action and the sell side. turned back to Brokers with foreign connec tions also were prominent sellers (as the market receded,

GLOOMY FROWNS

Then why are the heads of the auto industry wearing gloomy frowns instead of sunny smites? The cause of their con-

is Cern

Walter 47-year-old

?

World Rubber

Markets

/Singapore, Mar. 22. The rubber market closed steady on moderate trade sup- port and short covering. Future closings:

Nature of the foreign selling was presumed to be either hedging or liquidation on the No. 1 rubber per lb. Apr. 88-5812

May 87% possibility of a United States

No. 3

11

42 subsidy on raw cotton experis No. 2 rubber per lb. Apr. 614-87

next year in the talked-about | No. 4 plans to move the cotton surplus Spot rubber unboled

June unquoted

2014-8675

29

into foreign markets at com- petitive prices.

Blanket crepe

No. 1 pale crepe

8514-353 0735-28 79-30 92-54

NEW YORK

Trading "volumes and open interests in the Exchange today

407% were

384 Month

2871 March BAT May

44 Jaiy

lets October 225%December

105 March

681 May

IL

Volumo

New York, Mar. 22. Rubber futures closed today, with Open interest 12 to 20 points lower

sales of 89 contracts."

63,900 ***816,500

58,000

37,000

24,900

11,400

9,500

2,200

2,900

847.900 206,900

135.100 1100

די

THE MEANING

For the letters stand for "Guaranteed · Armial Wage": That's what Reuther has piro- claimed he is going to get for his workers in the forthcoming negotiations bath with General Motors and with Ferd.

He has proclaimed his inten- tien, so aften, so clamorously. with such determination, and that it is felt he cannot climb down. He has said that "unless he gets his way he will strike his men.

Yet the employers are equal- ly determined. They say guaranteed anual wage-that is 32 weeks for all employees, whether they are working or 20%

'would ruin the industry, will They say it cannot and not be granted.

REVOLUTIONARY THREAT

Mr Frank Rising, General the Automobile Parte Manufacturers Associa local tion, spot market sales and

has given the employer's covering steadied the terminal aower. He cald: "We are facing

Dealer hedge lifting against Manager of

208,000 2,478,100 beles market after easiness carlier in the day in line with primary market cables.

50% July

ags | Total

NEW YORK:

Prices of futures closed today as follows:

34.30 33.61 229-28 33.91 34,02

34.02

NEW ORLEANS. Prices of futures closed today as follows:

„May

July

Dec.

Mar.

May

LIVERPOOL

1800 2.12 10

24.00 100 25

500 24.30 1000 24.50 Provident (0) 11.50 12.20 1000 in 11.90

Wheelock .. 7.23 7.30 8500 7.30 LAND. ETC.

HK Hole! ..> 17-20 17.40 1000 @ 17.10 500 @ 17.20 6000 1730 HK Land ... 6314 54 1400 85 be Shai Land Humphreys..23.20

2.025 2.05

Realty

UTILĪTIES

Tram

4.

LONDON METAL PRICES

London, Mar. 22, Copper, lead and zinc. were very steady while tin, was easier. Prices in sterling,per long ton were as follows

May Jaily

September

March

Spot-cents per lb. fob

Mny

Contract No. 6

May

September November

March

Mod

Spot-(cents per ib, el N.Y.

ex-duty)

Exchange Rates

Business was done in the local unofficial exchange varitet » this. morning at the following rates 2591.S. dollar (per $1)

Buyers Sellers

Tin spot

113

3-month

713

714

Cooper spot

*387

583

3-month

3572

Leod March

10816

1045

39

Jume

20.70 20 50 1000 20.30 Zine March Star Ferry.

144 Y'mat Ferry 112 114 400 113 C. Light (0) 17.90 13 200 p 13.10

1473 18 1500 @ 17.50

C. 'Light (N) 14.30 14.20-3500 € 14.40

Electric

1000 @ 14,50

500 14.40

200 @ 14.30

35 000 6 38

500 60 30.76 500. 36.

2514

Telephone

31.75

32 4400 6 3Z-

,500 @ 31.75

1000 à

500.6 31.75

INDUSTRIALS

.Cement ..... 26.60 26.00 23125.70

3100 #77

500 28.90

Ropa

STORES, ETC.

Watson COTTONS

17,20

132...

Textile Corp.

5.10

Nanyak

8.90

MISCELLANEOUS

Yangtze Allied

0.10 4.05

1000 4.1

4915

3000 3 4000-04.07A

Advertising Exhibition

In Paris

threat. There a revolutionary have not been such enormously important problems in labour relations, since the great upsinge Dealers reported a fair-sized of industrial organisation in the business worked to

factory ate thirties. buyers late in the day. June on sheet, witch sold at 30 Rising's words echo the feel

Paris, Mar, 22. cents a pound, later moved up ings of employers not only in

The World's most persuasive to 30% cents, with further the motor industry bit through-

They advertisements including several out the United States. buyers apparent, Spot No. 1 Rss are afraid of the guaranteed from Japan will go on show to were quotat nominaj at 307% annual wage concept anyway the public here on Thursday

aid in an exhibition. cents a pound. Futures:

37.78 27.67 21.33-15 49 34.01-02

May July September December Taarch May

34.00

34.00

14.39

Futures closing American riddling, in pence per lb. were

38% as follows:

Mar/Apr.

4546 | May/June

111 July/KUL.

· 17% | Oct/Nov.

12

Dec/Jan.

But they are even more afraid

The advertisements, which ap- of the effect of a close-down of such huge, plants is General peared on hoardings and in magazines in 11 nations have Motors and Ford. A stoppage been gathered together

in #stoppage or the museum of decorative arts

30.05

30,20

29.85

29.45 there

29.05 26.80

dow alow oliver places.

United Press.

LONDON

"London, Mar. 22. The rubber market was quiet Spot No. 1 Rss were quoted at 25% pence per ib. Prices

Settlement house barn:

unquoted

11.23-21

No. 1 spot. Ras....

30.00-61 30.18-20 20.13

4891 Official values for spot cottons

24 were not recived

1501/

7614

SAO PAULO

Futures 'closing, in cruzeiros

per kilo were as follows;

Bay ....

June

July/Septe

Detaber/December

· Janunay/March

General markets, cik baris,

Apeli

May

June

Estate, crepe · thick

May Sury

Dec.

25.600 30.30 31245

United Press

In the United States, the average price of 15/16 middling at en

22

NEW YORK METAL les designated spot markets London Foreign

of here early today, a police follo spokesman said,

The gangsters were attending

∙Lead

a meeting when the patrol TO

found them. Their leader and ze one other terrorist were shot

dead and 13 captured.

Mail Special.

China

MARKET

New York, Mar. 227

!

cante totalled: 8,488 báles

United Fress, Paddle,

leet of metal Cures New York Foreign

--in" cents-per-lb-os-

Exchange

New Yo

90,80 Canada

13/14)

Others were

Exchange

New York Montzen! Ama

201

in hundreds of

by the

the International graphic

Alliance..

The show of posters, goods, No industry in the whole of the United States nurtures sa packaging, book covers and the latest illustrated cardboard re- many subsidiaries as the moon cord cases is the first of its kind

The chain industry.

reaction

of a prolonged strike is there here since the Faris World Fair tore incalculable. It of 1987. authoritatively stated that one person in seven in the whole of the US depends directly or indirectly on the industry

ALL WORKERS

And so, if it were the motor industry, alone which faced the "G.A.W\" threat the situation But would be serious enough, that is not ·

"the

case Generalissimo". Reuther fights indirectly for all workers in all industries.

Three displays of delicately, drawn advertisements In pastel shades come from Japan. The appeals to buy sewing machines, laundry soap and Fuji-Virginia blend cigarettes come from the and of Hiroshi Ohchi-Reuter.

PAKISTAN

JUTE SALES

Jos Sterling notes (per £1) 1019 Indore

ruplah (per 100) 89 Slam

(per 100%

874% Singapore (Straits)

United Press.

EVERETT

Indo-China plastres (per

LINES

EVERETT ORIENT LINE

• Fast regular freight

passenger

service

to

Philippines, Indo-China,

Rangoon,

refrigerator

Korea, Japan, Siam, Malays,

and Calcutta

"NOREVERETT"

In Port Loading Salla

Chittagong.

Mar. 23 for Singapore, Pena

Rangoon, Chittagong Calcutta.

"LENEVERETT"

Arrives Sails

Mar, 28 from-Singapore, Mar, 28 for Kobe

& Yokohama,

(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)

EVERETT STAR LINE

Fast regular freight refrigerator service to Japan, Malays, Colombo, Bombay, Karachi and Persian Gulf.

(subject to inducement for direct call Horan)

“STAR BETELGEUSE”.

Arrives

Sails

* Már, 24 from Japan,

"THAI"

Arrives Salis

Mar, 25 for Singapore, Port Swetten.

Ear, Madras,

Bombay, Karachi,

Colombo,

Black

ramshahr, Basrah, Kuwait & Bahrein.

Apr 13 from Singapore

Apr, 14 for Kobe & Yokohama, (LIMITED PASSENGER ACCOMMODATION) (Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)/?

EVERETT STEAMSHIP CORPORATION SIA

(Incorporated in the Republic of; Panama PAN

Devi,with, Landledi Zlabšity)

Chinese Department: Telephone 28293, Queen's Building, Telephone 31206.

MESSAGERIES

MARITIMES

PO Box 53 Queen's Building Mau

As he marches agamst, the

Karachi, Mar. 2244) ramparts in Detroit, there is a feeling that the baits of the Communist China emerged, as century is about to begin. It is the biggest buyer of Paldstan! a batile which if Routhers Jute in March, it was learned forces are victorious, could here today tum free enterprise, America According to swiftly 7 into a full-blown wel leased by foreign trade sources, fare state

of the 155,000, bales which | “VIETNAM” Pakistan sold abroad,

China Other

ita

statistic, re

It is a battle which will have purchased 54,000 balance

Terercussions everywhere.

in order of

| For. If Walters. Heuthur marches adio wit

out under such a barnet, cha balat France with

27,300

13546

FAST PASSENGER/FREIGHT SERVICE

Baling Apr. 9th Bailing May 20th

CAMBODGE

FAST FREIGHT SERVICE

Cds „Britain's Arthur Deakin, and the United States with 10,805, "ANADYE

others, thes, tarry far behind? | Germany. with 8.205 and "MEINAM”!

Lendon Burress Servicti

-Presse

Poland, 7,560.

Bailing Mar 27th sailing Apr. 21st