1955-03-24 — Page 9

A LADY'S

TANTALISING LETTERS

Buried away in some the stately homes

Britain's

aristocracy,

of

of

are

countless letters belonging to their ancestors. They are some of the treasures of Dritain's past,

:

THE CHINA MAIL, THURSDAY, MARCH 24, 1955.

TRADE and

COMMERCE

SECTION

J Page

NEW YORK Australia And South Africa HONGKONG

STOCK

MARKET Bid For US

Fom them later gentians Wall Street Heaves

have been able to build up a more personal gecount of history than, can ever "bl. kint from hetsry

Occasionally k grezèndani ses

the secres of his family's past by publishing some of the old

tters. The Eari of Bessborough

A Sigh

ولو

New York. Mar. 23. Wall Street breathed a

now qualities to be included in sigh of relief today as the

this che group by editing os-first phase of the Senate! dets rom the correspondence market investigation ended of Georgiana, Duchess of De- on a cheerful note.. vonshire (published

by John

Murray, London, under "the-title

*Georgiana”—255).

FEMALE LINE

Lord Bessborough, is descend- ed from the female line of the third Duke of Devonshire, grandfather of Georgiannis hus- band, and he has therefore been in a favourable position to have Access

10 much correspondence which would be denied to the erdinary biographer. He also...

from his inside knowledge, provided annotations to the 300 pages of letters which turn the collection into a most readable book irroring life in the latter

of the 19th century. One imagines that Georgiana

par

hum

The market made its second best gain of the year and one of the widest since Sept. 15, 1938, as individual stocks scored gains ranging to 7 and 8 points.

The trading pace picked up. too. Aller four quiet sessions turnover today stepped up to 2.730.000 shares from 1,010,000 yesterday.

Toy Market

INT'L EXHIBITION

IN NEW YORK

By John Morka

New York, Mar. 23.' The most serious bid in years by South Africa Sen. William Pulbright's and Australia for a share of the $1,000,000,000, statement that he didn't feel the US toy market appears to be making headway as "major abuses" in the market

ket the 5th International Toy Exhibition wound up calling for urgent legislation" was a cheering note and many; its fifth day here.

committee had turned up

aby

in the Street "believed the first

נה

South Africa-thanks to a new line of

เฟรม: - particularly virtuous phase of the probe would be the rubber latex toys will probably earn about

Inst.

ATOMIC GAINS Biggest gains came in issues connected with things atomic. Babcock und

Wilcox. soared more. than 8 points.

Cencrol Dynamics nearly, 4, Combustio Engineering more than 3 point

Dynamics topped the General list un vehome. dan

bride and that her mother with whom she exchanged cor- respondence nearly every day — was very concerned that she should remain so in an age wax almost when promiscuity regarded as fashionable.

And

her to make sure, mother, writing to her shortly before her marriage to the Duke in 1774 gave her advice at this time, perhaps "the most d gerous time, in a woman's life when you are so near entering into

a world

with abounding dissipation, vice and folly, and

for wisere your conduer

the fi:st

or two will in great year

whether measure determine

you shall be ranked among the idle, despicable set of

all as women who crowd up all semblies and public places

who by their accom among those plishments, the modesty of their

nosy

are

OT

Shipbuilders- were strong. Bath Iron Works ran up more than 6 points,

Newport News Shipbuilding nearly 3.

and

Among electronics, added 4 points, fagnavox Stromberg Carlson more than 3. Radio Corp, and Raytheon more than a point.

Metals continued in demand with Reynolds scoring 8 points.

behaviour, the sweetness ot Bethlehem once again paced the their disposition and the good-steels with a rise of more than

esy of their hearts

the 4 points, ornament of their country, the celight of the society they live in and are loved and rtspeed by everybody."

AN ENIGMA

is to be regretted that. Georgiana did not completely iced her mother's advice. She salved her conscience -and her desires by sharing both worlds. In fact, she was some- thing of an enigma,

own

There was a suspicion of at least one love affair and very much evidence in

ter letters of gambling debis 'up to as much as

as £00,000.,

Yet at other times she was, a leader of Society and a woman loved and admired by all.

The letters are so interesting that it is pity that Lord Bess- borough has, no doubt for very good reasons, seen it to delete certain passages from them. It may be discretion-but it is cer- tainly tantalising--China Mil Special.

Closed Circuit

Record

Broken

Stockholm, Mar. 23.

The world record for 1,000 kms closed circuit was broken today by two Swedish Air Force pilots at an average speed of 301 kms miles) per hour, it was announced here today.

(562

The pilots, Captain Hans Neij and N.C.O, Birger. Eriksson, were.

at the controls of the Swedish-.

But

jet "Flying Tub

Tub: S-29C. The record was set up on the circuit of Nykoeping, 00 miles, southwest of Stockholm, and will be submitted to the Inter- national Aeronautical Federation for confirmation.

The record was formerly held by the Englishman Jim Cocksey piloting a jet "Gloster Meteor"

1950.France-Presse,

No US-Turkey Wool Barter":

Transaction

Washington, Mar. 23. The Secretary of Agriculture.. Mr Ezra T. Benson, "commented negatively today on rumours of a possible barter deal with Turkey for export of US wool to that country.

Rails joined in vigorously with gains of around a point to 2 points:

of 1,194 isues traded 790 were higher, 217 lower.

Year For Japs Beating US Successful

US Oil Industry

At Marbles

Washington, Mar, 22. ¡'‚The industry which pro- duces marbles for Ameri»- сад children I "being forced out of business" by

competition,

Weat Virginia manufac turer sald today,

Mr Roger W. Howdy shell, Voe-President of Marble King, Beorporated, St Marys, West Virginia, said the marble Industry game las American 23 hot dogTMTM

But, the marble industry the_United__«States is finished." Mr Howdyshell

By July 1, he mid. all seven marble factories in the United States of which am in West Vir- Finis will be shut down, unable to meet the cheap Градево competition. - United Press.

$50,000 this year, a considerable improvement over World Cotton

the nominal total of about $1,500 for 1951.

Australia thanks to the buyers for leading department, enterprise of two of its young retail and distributing organis büsinessmen-will earn thousations throughout the nation.. sands also. mostly from the sales of its native teddy bear"

well-known Koala. Previous sales in the US were insigni- ficant.

New Blast

Furnace Operating

main

-

aly.

Markets

New York, Mar. 23;

STOCK EXCHANGE

(From Our Correspondent)

Business done on the Heng- kept Stock Exchange this morn- ing amounted to $748,480.75: Neon qustations and the MOU= Ing's transactions:

SHARES BUYERS SELLERS BÄLES

BANKS

HK Bank East Asia

America's dynamic petroleum industry. climaxed another successful year of exploration in 1954 as proved reserves of both.crude oil and INSURANCES natural gas hit new peaks for the 11th straight

year.

However, the 1954 additions to reserves ran below the in- Creases chalked up in recent years, according to a joint re-

of liquid oil and

port issued by the American Petroleum Institute and Ameri- can Gay Association.

Total

reserves hydrocarbons-crude natural liquids at the 1954

gas

were 34.805,203,000 your-end barrels, an increase of 422,453.- 000 barrels over 1943.

SMALLEST INCREASE

Shipowners Warn Port Authorities

Bombay, Mar: 23.. The United Kingdom and the Continent, Bombay and Calcutta This was the smallest increase Shipping Conferences announced for any postwar year andi

11here today that they would im- compared with a gula in

pase a surcharge on freight from serves of 1,425,545,000 barrels

Britain and the Continent to during 1953.

Bombay and Calcutta if the During 1954, the seventh alabour situation in Calcutts, and nual joint report noted, crude all reserves rose 615.918.000 Bombay ports did not improve barrels to 29,560,740,000 barrels. before May. New York, Mar. 23.

But natural gas liquids fell Cotton

6,244, today 183,465.000 barrels to prices

The announcement saidi vessels at Bombay and Calcutta 457,000. Production of crude oil

both ports and natural gas liquids

ot present experienced. cased slightly Mast year to 2,257,119,000

serious delays due to labour con- ditions involving a heavy extra 300,816,000

to various ber:els

United financial burden. ress..

shipping lines in the Con- ferences,

and respectively.

World Rubber

Markets

เ

- 200

Union Lambard Underwriters :10.20

DOCKS, ETC.

K. Whart Dock XD

Provident (0)

X, All Whermek

LAND, ETC.

HK Novel

+

10 Land

ND

S'hal Land

-B8"

1535 141550

1000 210

24.70 1500 AT 24.50-

*500

14.10 500

+1

17.30

65 BJNE.

83+

..... 24.10

Hamphreys

XD

Really 42.035 2.05 5000 ₫2.0251 UTILITIES

Tram XD

Vaumati Ferry

All

C. Light 10 C. Light (3) Electric

Telephone XD 3132

20:00 200 20.80

ID 220.50

2000 # 17.00

||

INDUSTRIALS Cement X AI

2880 1400

They expressed a hope that us a result of prompt action by port authorities, conditions in these harbours would have im- proved by the end of May.

LATEST CREATIONS The toy exhibit. is showing the latest toy creations of hun-switched to the upside when dreds of foreign toy manufac-foreign buying erased the

Mexico, Japan, losses suffered on Tuesday. The two new entries in the turers from

Great toy

competition Switzerland, international and 18 ofher

Scandinavia, nations are re-

France.

Closing around the day's best Netherlands. presented at the international Spain, the

levels the list was up 10 to 12 fair Zenith leading

which annually gum. "Austria, among others.

points. Opening prices were up South Africa's attracts hundreds of American

exhibit is

9 to 12 points. New Orleans headed by, Mr Jack Sidley, closed up 10 to 16 points. Managing Director of Vulca Chemical Co., Ltd. Johannes- Liverpool brokers, along with

covering burg, South Africa's foremost short

and a demand rubber toy makers. Because of from domestic textile mills, sup- power. the 50 per cent US tariff on his plied the price-lifting

The Confertnots decided not products, Mr Sidley is forced to A reduced volume of hedge sell-

to impose the surcharge until sell directly to retailers to re-ing and liquidation supplied the

છે.

Singapore, Mar. 23.

early Jure in the hope that price - comptetive with contracts.

He similar American products.

The stock market advance, and The rubber market was quiet there will be a very substantial hopes, however, eventually to the higher ruling of grains and during the afternoon but there improvement which will justify

buying interest,to-reconsideration."-Reuter. interest American Arms in set- some other commodity markets, was more ting up plants in

wards the close. the United helped cotton to regain a foot- States under licensing

Future closings were permits hold overnight. of his

No. 1 rubber per 1b. April 8714-877 Trader's attention centred on for the manufacture Genda, Mar. 23.

Moy 97-4-8731 from novel

Geneva. Reports second blast furnace has

line of dipped rubber news

about a new international trada 1 No. 2 rubber per 1. April 84-87 The New York Stock Ex-started operating at the most latex toys and dolls.

designed to impose | No: 3 "We feel we have something restrictions upon the use of sub-spot rubber unbaled

agreement, bond volume was modern Italian steel, works at

No. 4 change

Cornigliano near Genca.

to offer that the United States $2.730,000.

plant was crened two years ago hasn't got," he told the United sidies to gain greater control of Blanket crepe.

an export market, was the focal No. 1 pale crepe The American Stock Ex- and producid 380,000 tenz

Press change volume was 830,000 | last year which is about ten per 100,000 worth of goods in 1956,

He expects to sell about point of interest.

Foreign selling in domestic shares.

cent of total Italian output.. It

markets recently has

The market was dull. No. is expected: to "double produc- according to buyer reaction to

stemmed from a view that the spot Res were quoted at 25% Dow Jones closing averagestion in the near future.

his products during the few US would resort to a subsidy to pence per h Prices. on Wall Street were as follows

The two blast furnaces will weeks he has shown his line.

expedite the sale of surplus raw.

No. 1 spot Ras 410.87 cost a total of 1,500 tons of iron

SLEEP IN WAGON

cotton in overseas markets.

Settlement house term: per day using 5,000 tons of ere

The

Buyers slow to follow the May two Australian, agents coke and limestone. They will

have been touring the United advooze said they would wait June TEL 08 also yield five million cubic

July/Sept. develop-

Jan/Mar 155.73 metres

use in the States for five months now, at further. Washington of gas for

connection with the General markets, eif basis, plant. The plant was built with times sleeping in their crowded ments in American aid and belongs to the station-wagon loaded down with Government expert policy for April

a vast collection of Koalas. Government controlled company

These sell at retail from $4.98 Finsider (Socleta Finanziaria

$22.60. According to Mr Siderurgica).

Mall to

James Dixon, Managing Director Special

of Trans-Pacific Export- Imports, the "réaction of US month buyers has been more than

July Lavourable."

30 Industrials

20 rails....

15 unitesS

55

+0 bonds Comme future price index

YESTERDAY'S

Aldeh Inc. Acy. Allied Chemicals Allis Chalmers " American Airline American Metal Americur, Smelting American Tel & Tel American Tobacco Anaconda Copper Armen Steel Armour

Balwin-Ling-Hamilem Baltimore & Ohio

Bendix Aviation Corp.

Benguet Cans.

Bethlehem Steel

Boeing Abplane .....

248.30 63.80

PRICES

$ 20

Canadian Pacific Railway Case J.1.) Co... Chase National Bank

Chile Copper ... Chrysler Motors Commercial Credit Commonwealth Elee. Consolidated Edison Continental Steel Corn Products Crane Co.

Cubin American Sugar Curtis Wright........ Dunpont de Nemours. Eastman Koduk General Electric General Foods Ceneral Motors Gilee Safety Razor Goodrich 3, 7.) Co. Goodyear Tire & Rubber Homstake Mining Co, International Business

Machines International Harvester Internailona!" Nickel International Paper International Tel Tel John-Manville Co Kenecott Copper Lockheed Aircraft Les Incorp! Lone Star Cement Co. Minnesota Mining Montgomery Ward: National Cash Register National Distillers National Lead

New York Central

Otis Elevators

Pacific Gas & Electric Pacific Western Öll Pan American Airways Paramount Pictures Philips Petroleum Pittsburgh Plate Glas

Radio Corporation

Rea Motors Hepublic Steel Shell Of Co. Sinclair Cil Socurry Vacunam Southern Railway (Com.), Standard Brands Standard Oil of California Seancurd Od of Indiana Standard Oil of New Jestey Stokley-Van Caup. Studebaker-Packard Corp.

A reporter at Mr Benson's Press conference said he had heard a report that the transar | tion might involve export of wool in volume of 15,000,000 wilt & Co. pounds or value of $15,000,000. | Teria Co. He, asked for.clarification...

Union Carbide Mr Benson replied that such a

Undted Gos. Ime transaction was only in the "talk U... Gypsum

U.S. Le Ca. stage." He said that normally

5. Rubber United States would not ship -wool to Turkey, and added, "I wouldn't think that we would be moving wool out of this coun-- try to Turkey.7-United Press,

United States Smelting UPS. Breel Warner Bros. Westinghouse Electric Woolwood

25

A

China

The

steel

New York Foreign Exchange

raw cotton."

May

June unquoted

LONDON

85-86 85-831 8714-874 7914-804 03-04

257-20

The New York and Amsterda Trading volumes and open rubber prices were not received. interests in the Exchange todaybed Press.

Singapore Stock Market

Singapore, Mar. 24. Brokers today quoted to fol- lowing stock prices:

Volume

Open interest

May

20,800.

80,400

12.000

818,800

ast

13.600

235,500

high

6-month

New York, Mar. 23.

He and a colleague-sporting 31.01 78% Canada nofidial

2.88-2.70 fashionable beards-appear to England -

Canadian dollar rate:

considerable altracted have

Prices of futures closed today sallarg buyers

attention during their American as follows: 01T 1011

1.417

on They have appeared tour. 1.01-25/32 1.01-13/18 television shows, radio pro- Future, 30-day 1.01-23/32 1.01-15/13

50-day 1.01-28/12 10-15/16 grammes and have stirred con-

as they lug: 1.01-28,2 101-15/16 siderable interest

United Pres their Kostas around. The Koalas are made of genuine Kangaroo tur, and are soft and

We have sold several thou-Dec. sand of them already and hope May to have a profitable substantial fus business." he added.

2,000

200003

Mar.

13,600

137,200

Total

12,000 1,000

14,000 134.200 2,480,900 bales

130,600

NEW YORK

Spot

May

34.400 33.73-74

British

Mar

MAY

July

NEW ORLEANS Prices of futures closed today

Spot, close

London Foreign Cuddly.

Exchange

64% New York

434

Montreal Amsterdam Brussels Copenhagen

Fans Stockholm West Marica Zurich

SET UP WAREHOUSE

Mr Dixon will spend another as follows

Europe eight months touring

33.08 3402 34.13-14 2423 33.86

Opening

Borneo Petroleum Syndicate

++ 31/80 Consolidated Tin Smelters,

30/04 Ordinary D Fraser and Neave Lid., Or-

Cinary e Fraser and Neave Ltd, 71⁄2%

CETL pret........... Hongkong & Shanghat Bank

| Elsgapore Cold Storage

EVERET

COTTONS

Textle Corp."` Karybo MISCELLANEOUS

6.10

6.15

Al

4.90 4.975 14.100 @ 4.91% 750 @4.999

Exchange Rates

Business was done in the local unofficial exchange market morning at the following rates:- U.S. dalier $1) Sterilog notes (per £1)

denenian rupiahs (per 100) Stam ticals (Der 1001

Singapore (Strans) tode-China plastres (per 100)

LINES

EVERETT ORIENT LINE

Fast regular freight refrigerator

service to Korea, passenger

Japan, Philippines, Indo-China, Siam, Malaya, Rangoon, Calcutta and Chittagong.

"NOREVERETT” ·

In Port

Loading

- Sails

Mar, 24 for. Singapore,

Rangoon

Calcutta..

"LENEVERETT"

Arrives Salls

Penang,

Chittagong &

Mar. 28 from Singapore,

Mar, 23 for Kobe & Yokohama, (Accepting cargo for transbipment Kobe/Pusan and Kobe/Okinawa)

1

EVERETT STAR LINE

Fast

regular freight — refrigeraior service to Japan, Malaya, Colombo, Bombay, Karachi and Persian Gulf.

(Subject to inducement for direct call Kozea)

"STAR BETELGEUSE”

1.92

0.00

Corp. (Colonial Register) Malayan Breweries

SM

In Fort Sails

3.95

Raffles Hotel ...

2.70

$ 187

London, Mar. 23.

279-3/16-2.799%

and South Africa later. They

Spot

South British Insurance

$28.25

214-7/18-2.34-9/18 hope to set up a warehouse in

May

Straits Trading

$30.80

19.8234-10.03

139.60-130.6014

19.39-19.39%

277%-97734

New York, from which de- liveries to US cities will be expedited

July.

Straits. Stenship

$16.00

Oct.

34.02

United Englers Ordinary

Dec.

lette

$11.50

"

March MAY July

Waczny Brotívery

24.28

Honda Tin

8/3d

33.88

Petog Tin

$330

Arrives

with div.Chies Mail Special.

Sall's

LIVERPOOL

14'5444-145636 11.7942-11.792 12.21-12.2111

Anited Press,

LONDON METAL

PRICES

The emphasis this year in is on international toys mechanical gadgets, electroni cally operated autos, steam- shovels, boats, etc. Prices are about the same as those last year, according hibitors.

Many expect a fairly substan- tial pickup in 1955 sales over 1954. These estimates range up

most to

WOODEN TOYS

EX-

As usual, there are: the wooden loys from Scandinavia,

London, Mar. 23. The tin market was firm while other metals were all steady.to 25 per cent. Prices closed today in sterling per long ton as follows:

buyers sellers spot Copper apod. 3-month Lead

June Zinc.. Mar.

3-mouth

280

Futures closings, American New York Sugar

mickling, in pence per lb. were as follows:

May/June Mar/April

July/Aug. Oct/Nov.

31.32

313-33

31.00 30.05-9) 30.89

BAO PAULO

Future closings, in cruzeiros with emphasis. on education. per kilo were as follows: France, Spain and Italy feature,

among a variety of products y Pauly 30434 hand-made dolla

116

717

7169

7164

359

300

350

281

1044%

1103 104 103

figures.

Jurse

874 "United Press,

STIL Germany, as in

the past,

NEW YORK METAL MARKET

New York, Mar. 23. Prices of metal futures closed

te per 1, follow: | Lead - BiaT.:

Apri

Apró

uper Mär.

April

24.356 14.17b

30.500

CHT DE

and native October

December Murch

28.70

23.00

28.30

30,35

30.50

Market

New York Mar. 23. World No. 4 sugar funires. closed today 2 to 3 points higher with, sales of 200 contracts.

Domestic No. 6 sugar futures closed unchanged to 3 podpis higher with sales of 112 contracts,"

Future clings were:

Contract No. 4 (world)

dominates with its novel and In the United States the ingenuoti tine of mechanical average, price of 15/18 midching May July toys Japan, a strong corn-al ten designated spot markete Beptember pelior in the American market was not available today, Bales are always, is represented by is at these contree totalled 8,583 May varied line of joys, ranging bales—United Press; well from Christmas ornaments to more deluxe mechanical play Vienna, Mar. 22 things:

Although

though foreign toy makers

Japanese cameras exhibited

so far have only a small portion at the Viem Spring Trade

ism of the billion-dollar market, Fall found much favour with

1046 many are hopeful of steady European buyera who compared

25 but substantial Increase in the the favourably to the best

DO

future-United Press

German cameras United Press"

Spet (centa par b. fob Cuba)

May

"THAI**

Loading

Mar, 25 for Singapore, Fort Swetten. Colombo, ham, Madras,

Bombay, Karachi Khor ramshahr, Basrah, Kuwalt & Bahrein,

Apr. 13 from Singapore,

Apr. 14. for Kobe & Yokohama,

(LIMITED. PASSENGER ACCOMMODATION) (Accepting cargo for transhipment Kobe/Fusan and Kobe/Okinawa)

EVERETT STEAMSHIP CORPORATION S/A

(Incorporated in the Republic of Panama A A with Limited Liability) ZTURKS A Chinese Department: Telephone 28293. Queen's Building, Telephone 31206,

MESSAGERIES MARITIMES

PO Box 53 Queen's Building Tel: 26651)

* FAST PASSENGER/FREIGHT SERVICE "VIETNAM": "CAMBODGE

sailing Apr. 9th May 20th

FAST FREIGHT SERVICE

"ANADYR" KMEINAM”

selling Mar, 27th sailing Apr. 21st