1955-04-14 — Page 9

It's Hard To

Get A Divorce

In Greece

Athens, Apr. 13, Some 5,000 self-styled "slaves of marriage" have appealed in а printed memorandum to the Greek Prime Minister. Field Mar- shal Papagos, to simplify Greek divorce procedure.

These "slaves" claim that al- though in many cases they have in fact been separated from

. their wives or husbands

for

5, 30 or even 20 years they can- not get a divorce under present laws,

→ THE CHINA MAIL, THURSDAY, APRIL 14, 1955.

TRADE

and COMMERCE SECTION

NEW YORK STERLING REACHES YEAR'S HIGH

STOCK

MARKET

Further Highs Reached

"New York, Apr. 13.

Stocks moved to further!

thehighs today in their sixth

consecutive session of ad- vance-a rise marred only

Display Of Strength Against The Dollar

London, Apr. 13.

Britain's gold and dollar reserves fell by only 14 million by weakness in copper dollars during March, the Treasury announced.

shares.

Although

divorce Greece's procedure is quite recent and is incorporated in the Civil Code which was Arst introduced

The losses in coppers ranged. 1941, it allows divorce only on over 2 points with selling re- certain limited and clearly deflecting a price break for the fined grounds.

metal in London following word that the British Government will Except

for insanity, incapa- sell 45,000 tons of electrolytic cily and leprosy, which are the cop

copper this year, only "objective" grounds, for divorce recognised by the Greek Civil Code, all other re- cognised grounds are linked with what is described as the

of "subjective guilt”

one of the two parties concerned,

“STRONG SHOCK"

A "strong shock" in marital relations, is, for example, con- sidered to be grounds for "divorce, but even this has to be

Some late profit-taking pared prices of many leaders but substantial gains still were the

Industrial stocks climbed to-a:

average: Rails to their best

on

In February, they had fallen by as much as 82. million dollars. The higher bank rate and other measures taken February 24 thus succeeded in checking the drain, even though the Bank of England must have spent some dollars during March on supporting transferable sterling in New York and other markets abroad.

Sterling reached its highest of this year.

AC one time in the late

In addition, the Treasury her best showing. there since

announced that last July. provisionally new all-time high in their Britab had a surplus of 29 A Treasury spokesman de- since March 29, 1930. Of 1.217 million sterling in the European scribed the figures as a satis afternoon it got to within half He added that a cent of its par value of 2.80 Payments Union during March, | factory result." issues traded, 511 were higher,

During the difficulties their better trend would prob- dollars. 408' lower.

ably be found to reflect the of February, the Bank of Eng trend of the March tradeland was having to support it figures when they become expensively, to prevent it fall- available.

ing through its lower limit of 2.78 dollars,

FAVOURABLE PICTURE

Steels, motors. chemicals, scone linked with the eventual "sub-aircrafts and a host of special jective guilt that 13, the issues had gains of a point or ection of provoking the shock- more Mary responded to in- of husband or wifg.

dividual corporate announce. iments while the generally Proof of this "subjective favourable business picture con- gult," as required by the law,tinued to help the entire list, leads practice. to litigation which, according to experienced lawyers,

a divorce law sult to be prolonged almost

indefinitely.

van cause

been

"The only divorces," which are at present granted by Greek courts, apart from the few ob- jective cases, are the ones ir which the separation his decided by 'common' consent although this is strictly forbid den by the law," according to Greek lawyer.

Greek

MODIFICATION

"slaves of marriage" are now demanding a modica- tion in the system.

They maintain that the sys tem followed

in Switzerland which recognises the "bjective shock" in marital relations as grounds for divorce, should be introduced in this country. Thus, when an event provoking shock

in marital relations evaluated by the court, it would not be considered necessary for shock to be produced by action of one of the parties con-

cerned.

Trading was at the best pace of the month, totalling 2,820,000 shares compared with 2,770,000 yesterday.

Chrysler highlighted with 'a gain of almost 2 points in the autos.

ros:

1

Americin Tobacco point as the Company increased some prices,

Government Selling Copper: Prices Fall

London, Apr. 13. Copper prices fell heavily this Trade announcement that up to morning following the Board of 45,000 tons of copper would be sold

from United Kingdom Government stocks.

Dealings

active with were approximately 2,000 tons traced in the first ring.

Cash copper fell nearly £30 per ton to £302, while three months lower.

at £296

was £29

AMERICAN AID

During March, Britain re- ceived 21 million dollars of United States aid BILC one million dollars from the EPU,

BETTER OUTCOME

This was a much better out- come than most observers had expected. Bestdes the adverse

UK Cotton Deal Dangerous Toys Of

The

Approved

Washington, Apr, 13.

Foreign Operations

Administration

proved cotton

today ap-

purchases

by the United Kingdom totalling $5,000,000 to be delivered

June by 1955.

the

The cotton ៤ to be bought in

United States and its possessiotis in the programme for dis- posing of United States surplus agricultural com- modities-----United Press.

HONGKONG STOCK EXCHANGE

(From Our Correspondent)

Business done on the Hong- kong Stock Exchange this morning amounted to $1,694,354. Noon quotations and the morning's transactions:

Foreign Origin

New York, Apr. 13. Ninety per cent of the dangerous toys on the US market are, of foreign manufacture, a toy, industry spokesman charged today.

Mr David Taylor Marks, As- by lighting a fuse and can sour sistant to the President of the to height of 300 frot, Toy Guidance Council, Inc., told Mr Marke made no reference a meeting of the New York to any other countries ir his Safety Council that this

was talk-United Press...

due to greater emphasis on and recognition of the prin ciples of safety.

He added also that American New York Sugar

toy makers various

co-operate with

inity agencies

youngsters.

safe

boy's for

He asserted that nearly all American-made 10y's

WEIC

Market

New York, Apr. 13.

World No. 4 Styr

realistically

designed,

futures

safe, closed today 2 points higher to

durable, and capable of aiding 1 point lower with sales of 184 child development," he added.

NOT AMERICAN

contacts.

con-

futures

Domestic No. 8. sugar futures Describing highly ammable closed unchanged to plastic and other hazardous toys

1 point that have brought notoriety to higher with sales of 201 some types of toys, Mr Marke tracts. said:

Steadiness in world "Generally, when such stories was coupled with dealer re- appear, you would do well to ports to the effect that Russia note the country of origin of the bought an additional 50,000 from Nine limes out of ten you tons of Cuban, refined

She paid a quarterly instalmen! | trade figures and the dollar cost | SHARES BUYERS SELLERS SALES | loy: And it is not an American- | Private exporters at 4.20 cents.

of eight million dollars of an old loan from Canada.

had a defeit of only 28 mililon In ordinary trading she thus dollars in March,

compared with

a deficit of 101 million dollars in February.

In late dealings yesterday the

good unexpectedly

Agures caused a display of strength in sterling against the dollar.

Meanwhile. It was learned World Cotton

The break in coppers lowered, Inspiration Consolidated, Ana- conda and Miami Copper moce than 2

points A

each. Magma American Smolting and Kenne- here that the quantity to be sold Government would be cott declined around 14 points, by the

The New York Stock Ex-made principally to two big Bri- change bond volume was $3,- tish producers, who supplied the 240,000.

metal for stockpile in the first The American Stock Exchange case. volume was $880,000 shares.

Dow-Jones closing averages were as follows:-

30 Industrials

20 ralla

3

13 uities

is

40 bonds

the

A divorce could then be grant- ed on the grounds that one of the two partners could reason- noly claim, and prove, for in- stance, that conditions had been produced which make marital relationship impossible,

Another proposal, put for- ward some time ago to Greece's Holy Synod by an ecclesiastical expert, Mr Theodor Sperantzas, all calls for a 5-year limit to divorce suits. After that period, the divorce would be granted automatically.

SOME TIME YET

#5 stucks

Comm. future price index

YESTERDAY'S PRICES

Alden Inc. Aey. Allied Chemicals Allis Chalmers American Airline American Metal American Smelting American Tel & Tel

American Todosso

Anaconda Copper Armco Steel

Armour

Baldwin-Lani-Hamilton

Baltimore & Ohio

Berdix Aviation Corp.

Benguet Cons.

Bethlehem Steel

Boeing Airplane

64.00

09.97 į

THE COMPANIES

The companies concerned are the Rhodesian Selection Trust and Anglo-American Corpora- tion of South Africa Limited.

Mr P. G Smith, Chairman of the Committee of the London Metal Exchange, announced to members it was not envisaged 2001 that the services of the Gover- 263ment broker would be needed for disposal of the unsold balance of the copper which the Govern- ment announced it was selling.

$23

201

4814

281

697

An emergency meeting of the London Metal Exchange was called

Markets

New York, Apr, 13. Cotton futures today had the smartest rally in over a month scoring gains exceeding $1 M bale.

by

Broadscale

covering foreign and domestic Interests coincided with reports that the Government may reject the idea a subsidy on the new crop in order to expedite

cotton ex- raw ports. Uncertainties on that score have been overhanging the market for some time, News that Agriculture Secretary Mr soon may make an Benson announcement was expected to clear the picture.

of supporting transferable BANKS sterling, the early days of HK Bank. 1830 1835 March makt have had some sterling in overhang february. That pres- INSURANCES

from the pressure on

"Ebat Asia 410

the

Union

sure clid not stop when Bank of England acted on February 24.

and London

had

It may have been offset by pressure in sterling's favour at the end of March. Some Con- tinental operators had sworn, be- observers that they would not buy With advance of a fate-

ful and

Brush unpredictable general election. In the event they found themselves uncom fortably short of it. After bid- ting some fancy Interest rates an attempt to borrow some, they had to buy it.

This month, Britain stands to receive 11 million dollars from the EPU in respect of March.- China Mall Special

World Rubber

Markets

Lombard SHIPPING

Ada Nav. DOCKS, ETC. K. Wart Provident (0)

XA Hongkow

1000

will

1 e 150 made toy."

110

35 1340 1540

a pound, Fas,

As an example he cited Domestle futures were steady 258212 German-made toy called the with active switching from V-2 dying bomb, which he said May to July contracts the 31020

trading feature. 120 might injure children if they dominant 1325 fail to operate it as prescribed. Futurės:

The 'Tocket ship" is launched

30

75c

74

$2,000 € Tic

11.60 13

1760 @ 1.20

413

•Wheelock 720 733 1400 62 MA LAND, ETC.

HK Hotel.. 17.30 17.40 800 37.40

HK Land

Husa phæveyes Realty.. 210 215

UTILITIES

brāzm

Star

21000 17.30

London Foreign

Exchange

New York Montreal Amsterdam Brussela

S 2016-20170 000 20.80 Paris

Stockholm

Yazmati Femy

West Marker

XA.... 107 109-

17 100

108

j.

C. 2tt (0) 18.10

Light (N) 3440 0000 @ 14.10

Electric ..... 314 394 100

Telephone

INDUSTRIALS

Cement

K All

STORES, ETC.

Dairy

H

(IST)

32:3214 35%

28.40129.30 4024 128.80 6000 6 28.97

20.50

2000

250 € 21,

13.30 13.50 Crawford 25.10

Watson

COTTONS

MISCELLANEOUS

Singapore, Apr. 13. After opening with uncertain trend the rubber market steadied on short covering but in the Liverpool and other foreign afternoon some selling developed

Vaccine for this afternoon to accounts were active Buyers on and prices eased. The market 37% formulate recommendations as the opening and through the first closed slightly above lowest.

to the best way of disposing of hour. After the Liverpool mar- Future closings, this copper. These recom- icet closed mendations will be placed be fore the Board of Trade. China Mail Special.

135

70%

Canadian Pacific Railway

30

Case (1 1) Co.

11

Chile Copper

46

Chrysler Motors

Commercial Credit

Commonwealth Elec.

Consolidated Edison

Continental Steel

Crane Co.

Cuban American Sugar

of

Curtis Writht

of

Dupont de Nemours

But although the justice the claim of the slaves marriage" is generally recog- nised, legal experts in Greece believe that it will be some time yet before -anly change

Greece's recent considered possible.

Civil Code

in is

By restricting the grounds for divorte mainly to those based upon "subjective guilt, Greece's top legal experts, who made the Civil Code, endeavoured to date- guard the family from "a too easy divorce" which older people deplore and regard as a "major Unterse❞

modern society.China Mail Special.

of

DISOWNED

BANDIT

DAUGHTER

Ipoh, Apr. 13:

A mother recently visited at the Government's request the daughter whom she had dis- owned a month ago for joining Communist terroriste In Jungle.

The

the

girl, 19-year-old Sin Ying, lay badly wounded in an

Corn Products

Eastman Kodak

General Electric

General Fooda

General Motors

Gillette Safety Razor

Goodrich (BF.) Co.

Goodyear Tire & Rubber Homstake Mining Co. International Busines

Machines International Harvester International Nickel International Paper International Tef & Tel John-Manville Do. Kennecot! Copper Lockheed Aircraft Leows Incorp.

Lone Star Cement Co.

Minnesota Mining

Montgomery Ward

National Distillers

Zalional Lead

National Cum Reginar "A"

New York Central")

Cus Elevators

Pacific Gas & Electric

Pacific Western Oll

Pan American Airways

15%

Australia's Whale Quotas Reduced

activity slackened | No. although prices kept close to the high levels most of the time.

more

1 rubber per

Apri

May

June

No. 2 rubber per lb. April Crop experts paid

No. 3 rubber per lb. April attention to the long range fore- | No. 4 rubber per ib, April cast over

possibility that the Spot rubber unbaled

Blanket Cupt crop may get off to a late staro. 1 pale crepe and make it vulnerable to the usual crop hazard later in the season.

LONDON

The market was fully steady,

Trading volumes and opening No. 1 Rss spot were quoted at interests in the Exchange today26% pence per Ib. Prices:

were:

Washington, Apr. 13. Whales along Western Aus- Monta tralia show "unmistakable signs May of dépletion" so the quotas

for July stations there have been duced by 200 for 1955, the Agri- Mar, culture Department reported to May July day.

Volume

Allied

4

4.20 6.30

10006.05.

4.00 4.25 950 @ 30

Stock Market Singapore

Singapore, Apr. 14. Brokers today quoted the following stock prices:

British Borneo Petroleum

Other's Press,

WETO

London, Apr. 13 2.71 2.79-13/16 278-1/16-2.78-3/16 10,84%-10.80 140225-140.2 984-9843 14.357% 14.554

11.79-11.793 unchanged-United

EVERETT

EVERETT

Contract No. 4 (world)

May

July

Sept

March

May

July

QUE1)

Spot-fcents per lb. fob

Contract No. €

May

July

Sept.

Nov.

Mar.

MAY

Spot-(cents per lb. cif

ex-cuty)

5.30

-United Press.

LINES

ORIENT LINE

to

Fast regular freight refrigerator

service passenger

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

"LENEVERETT“

Arrives Sails

Apr. 25 from Manila. for Apr, 20

Rangoon, Calcutta,

Singapore,

Chittagong

"REBEVERETT"

Arrives

Salls.

Apr, 30 from Singapore, May 1 for Kobe & Yokohama,

(Accepting cargo for transhipment Kobe/Pusan Sunda Kobe/Okinawa) -

EVERETT STAR LINE

Syndicate Consolidated Tin Smelters.

Ordinary

Opening Interest

37.500 17,000

614,000

No. 1. Res spot

*** 2851-201 Settlement house term: MAT June

Fraser & Neave Lid, Or-

dinary se

26

Oct

To Dec.

8,300 10.200

830,200 341,500

July/Sept.

Oct./Dec.

296.200

Jan Mar.

2532-2511⁄2

5500

181,402

3.300

101.300

General markets, cif April

Fraser & Neave Ltd., 73%

cum. pretvara 261-2014 Hongkong & Shanghai Bank Corp. Colonial Register) Malayan Breweries Hafen Hotel

Opening

30/14

30/3d

31.83-

$6.00

$#15

$3.90

32.70

3,300

46,900

May

$28.00

Total

84,200

2,471,400 bales

June

NEW YORK

Estate crepe thick Extate crepe thin

$14.003

United

Wearns Brothers

ong nun Petaling Tin

neers Ordinary

$11.40

$2.00

Arrives

Lid. .......

Eon Batu Lintang Rubber Kempas Ltd.

Salls

$3.95

Co.,

Australian stations Wil be allowed 1,840 humpback whales 911 this year instead of the 2,040 of 751954. 4332

Prices of futures closed today as follows:

Singapore Cold Storage South British Insurance

Straits Trading.

unquoted Streits Steamship

NEW YORK

Futures closed today 15 to 45 34.35 points lower with sales of 120 33.59-60 contracts; 33.70-65

34,00

31.08-00

34.11

6421

0

65

4734

45

Quotas for two west coast 100 stations were reduced by each. The results are quotas of July 500, 500 and 120 for the three Oct. Dec. west coast stations. Those for

Paramount Pictures

east coast stations are 600 and May

3.30

301%

Philips Petroleum

120.

July

33.73

Fittsburgh Plate Glass

6945

Radio Corporatice

433

that

NEW ORLEANS

today

Shell Oil Co. w

Socopy Velá

3367-58

33.78

Standard Brands

Reo Motors

Republic Stoel

Sinclair O JER

Southern Railway (Com.)

Standard Of of. Cailfotyden Standard Oil of Indiana Standard Oll of New Jers Stokley Van Camp. Studebaker-Packard Corp.

Swift & Co, Техла Со Union Carbide Union Parlin Rafway

United Com Imp

1.8. Gypsum

U.S. Le Co.

1.5. Rubber

United States Smelting U.S. Stoel

Ipoh hospital after being shot Werner Bros.

by a Gurkha patrol which came-Westinghouse Electric

upon Sin Ying and another Com- brunist to the Himestone clif hideout near Ipoh.

Woolworth

168

The Department" said Australian whale cil production Prices of futures closed at three of the five shore stations as follows... last year amounted to shone

12,000 Press,

short

tons-United

Ceylon Tea Auctions

Colombo, Apr. 13.

Tea circles here expected that

a

May

J

Mar

July

3403-04

Prices dropped with the lower primary markets or routine transaction between dealer in- terests.

Small sales in the spot market included July one sheets at 31% rents and September one sheets at 30% cents a pound.

Spot No.1 Rss were quoted at

Lunas Rubber Estates Ltd New Serandah Rubber Co.

$1.30

Ltd.

exdly; I xd xb. China Mail Special.

NEW YORK METAL FUTURES

32 cents * pound, nominal. cents per ib. as follows;

34.10 Futures:

22,45

New York, Apr. 13. Prices of metal futures ja

Lead

34.31

34.31

May

April

14.308

May

14.31

Joby

33.74

30.95

Tin

Dec.

30.45

April

20.30%

LIVERPOOL

2000

May

00.371

Zine

23,60

Prices of futures closed today in pence per lb. were as follows:

May/June July/Au

April

11.001

30.77 30.28

The Amsterdam rubber prices were not received this morning.

United Press.

May

Copper

Det/Nov. Dee:/Jan Mar/Apr.

82

28.10-78

New York Foreign

New York, Apr. 13.

$1.13%

2010-20

lier rabe

boykry

1.013

the trend of tea prices at the Apili 19 auction would have a 48% strong bearing on whether or not

the Government export fax will Futures

United Press.

be reduced.

SAO PAULO

closed today in cruzeiros per kild as follows: The Government has, appar May question-afresh on April 21, The October

December tea industry here bellever that | March Business was done in the local unless the current high export |

Exchange Rates ently decided to consider the buy

The mother agreed to visit the gi, who burst into tears when she saw her. But the mother remained impresive. She merely Identifica "the girl as having been her daughter, and said es she left the hospital ward Sterling Holes (per 21);

(per $1)

29,05: 31,00

unofficial exchange market this duty is reduced the outlook for In the United States, the morning at the following the industry is not favourable, average price of 15/16 midating

15.75 A "You know

madla's recent duty res Inconsdan Tip (ah ( 1001 120 A reduction at this time, it year ten designated spot markels Future

would be in keeping with was 33.69 centa Sales at these mother: That all."-France Bingapore (Straits) United Press,

centres, totalled. §,316 bafes Presse

-China plautres (per 100)

United Press.

that you have a Indons per 1000

Exchange

6-month" 1.01 15/3

Fast 'regular freight --- refrigerator servies to Japan, Malaya, Colombo, Bambay, Karachi and Persian Gulf. (Subject to inducement for direct call"Horea)

"THAI"

Apr. 18 from-Singapore,

Apr. 18 for Kobe & Yokohama,

“STAR ARCTURUS”!

Arrives

'Salle

Apr, 19, from Japan.

Apr, 20 for Singapore, Port Swet- tenham, Colombo, Bombay, Karachi Khorramshahr, Basrah, Kuwait & Bahrein,

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

`EVERETT STEAMSHIP CORPORATION S/A (Incorporated in the Republic of Panama with Limited LiadE27)

Chinese Department: Telephone 26293. Queen's Building, Telephone 37206.

11.000

38.00% 35.500 United Press.

LONDON METAL

PRICES

London, Apr. 19. All metal markets were steady.

MESSAGERIES MARITIMES

■ P.O. Box 53... Queen's Building §, Tel: 28451.

FAST PASSENGER/FREIGHT-SERVICES closed today in sterling "CAMBODGEL long ton as follows

bayar sallow "LAUS"

71751/71756:

104 164MBINAM”

884

Prest

sailing May 21st soiling Jan. 18th

FÄST FREIGHT SERVICE

"FEIHO"

sailing Apr. 19th mailing May 12th