POLITICS VERSUS LOVE
Berlin, Apr. 19.
A novel by an East Ger- man national prizewinner has started a controversy antong Communist youth on whether a girl can be at once a good Communist and affectionate.
THE CHINA "MAIL, WEDNESDAY, APRIL 20, 1955.
TRADE
and
COMMERCE SECTION
Page
NEW YORK LANCASHIRE FACING NEW CRISIS
STOCK
MARKET
New York, Apr. 19. Strength in rails high- lighted an irregular, moder- ofately active stock market |
today.
The heroine of the novel, entitled The Patriots, by Bodo Use, is a young woman named Maria, who is the subject the controvETSY in the core spondence columbs munist newspapers, Junge Welt.
The rails, responding to the long-delayed transportation in- dustry report, ran up as much as 3 points in active trading, lifting the average for the group 4 points to 151.18. best level since Oct. 20, 1929. of
Com- especially Maria, a proud Communist resistances fighter under the Nazis, is depicted as having a heart full of hatred. for her political enemies but full' devotion for her lover and her familie
the young letter-writers in the Press, this combination ap- pears almost a case of "split personality." They contrast this beautiful vision with the stern women youth officials whom they know.
The letter which started the avalanche of correspondence came from Helga Peters, Strausberg, near Berlin,
of
[
PASSIONATE DEVOTION "How does it come about that Maria combines the warm, loving heart of a woman with her passionate develion to the Areal cause of her people?" she asked,
we look at our officials we must regret that many of them are impersonal, cold, and super- orthodox.
I know many who
ere lacking all human warmth. Why is that? Do they suppress their feelings or is a wrong working method blunting their womanhood?"
response
"The
10 this letter,
on
Industrials backed away profit-taking after nine con- secutive sessions of advance but pared early losses substantially
late in the day when demand for rails
spread" into other
groups. Their average, at a new all-time peak yesterday, dipped 0.54 point today. Utilities also eased a bit.
Senator J. William Fulbright's warning that he sees ..the beginning of "execssive speculative activity" in the market had little effect. What selling there was was ascribed as Largely to technical realising.
on
of
TRADING FELL OFF". Trading fell off with turlover totalling 2,700,000 shares, com- pared with 3,080,000 yesterday.
Strength in the rails stemme fh large part from the report relaxation of Government controls
and fostering competition among carriers.
Gains ranged to 2 points or Pacile auri more in Northern
and Pacific. Texas
One or two oils featured on the upside-Anderson-Frichares more than 2 and Honolulu Oil and Lion Oil, up around a paint fach.
ned in Junge Welf, showed uncertainty of East German youth
in problems other
Up then purely political.
The youth
uth group of a tractor
declared
lower with
Chemicals were laconically:
station
After an intense discussion we come to the conclusion that we have no Maria among us."
Leng discussions in an East Berlin youth club disclosed: "We' have met a Maria several times. but only on the films."
Monsanto
.more than points.
Aircrafts closed with narrow" changes,
Unemployment Spectre
Looms Over The Important Mill Towns
Manchester. Apr. 19.
The spectre of unemployment, and short-time working is again hanging over Lancashire's mill towns.
Hard hit by the worst trade recession since "crisis year" in 1952, mill owners are facing the future with lean order books.
The unsatisfactory order books tell their own story of the effects on trade of increasing Japanese and Indian competition and of the dumping here of cheap foreign textile goods.
World
Cotton
Markets
Now Yerk, Apr. 19, Colton futures today staged a mild rally after dipping cgarby months to the lowest level in eix, wecks.
the
The mill workers are just as orders except on a hand-to- anxious about the future as their mouth basis. This is having its employers.
repercussions" on
Jabour Extended
which position." stoppages, began before Easter, affected Mr Lee also warns that school. nearly 40,000 operatives in the leavers will not be attracted to industry and there are wide-the industry unless they can be spread fears, that unemployment sure of full, employment. will
spread.
LEAVING INDUSTRY Many workers are leaving the industry altogether. The Cotton Beard recently disclosed that in two months of this year, more than 4,000 workers left for more secure employment in jobs such light engineering
unc
by
over
Clesing near the lows the list was of 12 points. New Qricans closed off 5 to 9 peintz.
May liquidation before, first as catering. stice day on. Menday kept aand building.
In the spinning section alone pressure applied en prices while
her sellers were influenced by the wastage of full-time workers week has exceeded Agriculture Secretary Mr Benin
four son's endorsement of a sugges-recruitment
that the Geycammont price hundred sure sign that many support level for ection be regard a change of job perhaps lewert in exchange for modifed even at a lower wage preferable
to an empty contreis en production.
stomach in the News of the Government plan uncertain, months and
years altead to sell 150.000 bales of cotton
The industry as a whole is bit- out of surplus stocks had ütle
Experts pointed out ter at the Conservative Govern, influence. offerings from,
source ment's tallure po date to take . Or a total 1,122 issues traded, usually appear at this time of any action on proposals put to when the marketing & bath by the employers and the year,
the trade unions to counter any seasen is over. The New York Stock Ex-
the sale of suplus effect of foreign competition. Morcover change bond volume wis
Government has stocks at 103 per cent of parity. The
been: $2,820,000,
carrying given full details of the mount-- reasonable The
plus charges, would put the price ing unemployment. change
arcund 35 cents a pound. The In Oidhum for example where shares.
average price at Memphis on spinning is the main industry. Dow-Jones
15/10 inch cotten yesterday was payments to operatives affected were as follows:
33 cents a pound.
by temporary stoppages Trading volumes and oper
manth were 80.13 interests in the Exchange today early 1953.
Sperry fell more than a point ar the Company faces a strike.
Metals were mostly lower.
Erwin Baldur, of Leipzig wrote: "There is no girl like | 548 were lower, 439 higher. Muria among of the Free Ger- man Youth members I know.
NOTHING BUT ORDERS -When
see how These officials put
put nothing but orders I sometimes get fed up. They have no other words than
must or
You
That is wrong The mere manner of speech of
officials are
many women
my antipathy.
arouses
I could not fall
in love with such a woman. I
wonder whether they are able
to fall in love at all.”
2
Ingrid Gleske, of Hagenow, Mecklenburg, describing Maria as a rare exception, gave characteristic pén picture of the average woman official in East
orders
She
fulls
She
with the works
40 bonda
American Stock Ex volume was 990,000
.....
closing averages
for Baldwin-Lima-Hamilton
everything and everybody, She
has
Baltimore & Ohio
life no privalo and по Bendix Aviation Corp. dreams. She never gives the im-
pression that she is a girl her- self, that she is longing for something or for someone of her side."
letters
WORTH TRYING Though numerous agreed that it was worth trying
Benguet Cons.
Bethlehem Steel
Boeing Airplane
Continental Steel Com Products
127.08 141.18
4932
that
6,400
NEW YORK
177,000 2,438,00 bales
Prices of futures closed today
33.93n
33.13-16
33:41
33.76
33.90
One-tenth of Oldham's cotton workers suffered
over Easter. tended holidays - Many are still on short time working on a week about basis.
Stockport
has nearly 300 0 short time and in Bury a similar mumber have gone back after an extended holiday.
|Now International Trade Body
London, Apr. 13 The British Government tanielit declared Its sup- port for the establishment of a proposed new interna- Кола trade body—the Organisation for Trade Cò- operation (OTC)-negotiat- ed recently, by 34 nailons at Geneva.
The nations member gov- ernments of the General Agreement on Tatilis and Trade (GATT) announced last month that, they had agreed to set up the OTC after a four-month review of the working of GATT.
The British Government said proposed amendments to GATT worked out at Geneva and the selling up of the OTC would "ap preciably
Improve and strengthen" GATT's value instrument for
21
*n
facilitatiriz
the expansion
of international irado.- Kunter.
HONGKONG STOCK EXCHANGE
Record Earnings
For American
Films Overseas
New York, Apr. 19.
The US Motion Picture Export. Association today announced record earnings for American films in overseas markets last year and said it was in the interest of 'all nations to lower barriers to film exchanges.
Mr Eric Johnson, President of the MPEA and also of the Motion Picture Association of America (MPAA), reported that "early signs point to economic gains in 1955 which should top the notable progress
made the preceding year."
"The growing volume of paid He also noted that the MPEA admission abroad to American Foreign Film Advisory Unit motion pictures is eloquent aided 17, former film distribu- evidence of the world-wide ap- tors from 12 countries-Spain, peal of our
Alms,"
bis repost Japan. Argentina, Italy, England, said. The attendance Sgures Fugestavin, Portugal, Turkey, also reflect
Ceyler, the importance of India.
Sweden ondi foreign markets from which our Thailand. members now derive a revenue?
that
has been substantially beyond 40 per cm: of their total rentals."
HEALTHY STDULUS -
Ten cotton mills in the Rochdale
Mr Johnson said this pro than district employing mere
But Mr Johnson warned that amine was a healthy stimules 2,000 operatives have been closed (From Our Correspondent) US film successes abroad bring which aides the industry to per- all week.
form its functions as a mass prt "mixed blessings" with prob- Business cone on the Hong- At Ashton-under-Lyne
medium 600 kang Stock
serving as an in- Exchange this lems of exchange, taxation, im- workers at nine mills are on short morning
1
amounted to port restrictions and other strumentality of understanding
ameng 'the peoples of the world. Noon quotations forms of discrimination
against me about 12 per cent of the $$83,186.50.
the American films. He
Striking a note of caution for town's total labour force. Chino and the morning's transactions:
the said
the future, he pointed, to rising all Special.
SHARES BUYERS SELLERS SALESMPEA must have continuing
picture negotiation with foreign govern-
And without 1313ments and establish understand-al
ampllication, he said. "In many
German Car
Assembly
Plants For PI
Benn, Apr: 19. Two West German car pro- duscar, the Meroeder works of last. Stuttgart and the Alcunico cti
Ducescldert. the highest since
dis losed today 1 plans la cuda assembly plants in WORSENING
the Philippines, '
of Mr Walter Lee, Secretary Oldham's Operative Spinners As sociation. says the position, is worsening each week.
"Confidenes in the trade is still lacking" he declares in 3 YOTE. Buyers are holding cft placing
World Rubber
Markets
The Merccdts works said their plant would be bufil at Mantin by the end the year. It would begin with a monthly out. put of about 100 cars...
The $1,500,000 project was backed by the Philippine Gov- crement. Germag technicians would be scat to Manila tem- |porarily to train feral personnel, ! MAINLY DIESEL The plant would
assemble mainly Diesel passenger cars.
Atounion said their repre- sentatives in Manila were con- Singapore, Apr. 19. ducting exploratory talks with The rubber market opened the Philippine Government on steady but eased during the day similar plans. on liquidation mainly in early
said they shipment and profit taking, hoped the Philippine West Future closings were:
German trade agreement No. 1 rubber per lb. May 8934-90
In negotiation June 85%-80% would allow West German_in-
July unquoted
dustry to launch a "big offen- No. rubber per lb. May 88-88 No. 1
872-672 sive"
against the American No. 4
8612-87 cars on the Philippine market. American Spot rubber unbaled 90-90%
The Mercedes spokesman middling, In pence per lb. were Blanket crepe ..
80-81
Prices of futures closed today as follows:
30 Industrials
200
Talls
13 utiles
5 stocks
160,85 99.87
were:
Munth
Vul:me Open interest
Confm. future price index ..
YESTERDAY'S PRICES
166.14
May
37,700
500,000
July
47,500
920,100
Oct
23,300
357,200
75,200
311,500
Alden Inc. Ary.
Mar.
10.000
379,300
American Airline
27
Mar
$300
American Metal
July
172,800 $6.900
American Sinelting
Total
American Tel & Tel
12122
American Tobacco "B"
73!
Germany;
all
Anaconda Copper
0212
con
Armco Steel
as follows:
scientiousness
Armour
Spot
19
May
42%
July
October
1
December
March
May
Canadian Pacific Railway Case (J. 1.) Co. Chile Copper
July
"NEW ORLEANS
Chrysler Motors
Commercial Credit
Spot
Commonwealth Elev.
40
May
Consolidated. Edber.
50% 291
July
87
October
December
425
March
May
July
1787-
LIVERPOOL
Future closings,
B4
as follows:
65 May/June
12
July/Aug.
424 Oct/Nov.
Dec/Jan;
441 Mar/Apr.
3814
80% Includes:
American middling
and thai
International Tel & Tel
27+
15/18th inch
John-Mamille Co.
DO
American middling
Kennecott Copper
1097
7th Inch
the
Lockheed Aircraft
Mexican middling
Leows Incomp..... Lone Star Cement Co.
19%
1-1/72nd inch
58
94%
80
per kilo were as follows:
May July
65
Dec.
4715
Mar.
In
to become like Maria, only one sought to combine this desire with the "party, line."
Brigitte Kirchhof, of Leipzig,
high
Crane Co....... Cuban American Sugar
Curtis Wright ...... Dupont de Nemours Eastman Kodak
wrote:"Maria's soul is in har-General Electric mony because she has Communist ideals. All of us living in this wonderful era should grow to such perfection that we act, think, and feel like Maria,
"Those women officials
11
who
do not appear like Maria yet, but are still impersonal
cold, ma their behaviour contradicts
must be convinged
high
Communist-i ideals and the
new attitude towards the human
being which socialism requires
General Foods General Motors Gilette Safety Razor Goodrich (B. 7.) Co. Goodyear Tire & Rubber Hom.sake Mining Co. International Busines
Machines International Harvester
International Nickel International Paper
| Minnesota Mining
entgomery Ward
Theirs is an attitude un-National Cash Register worthy of an official serving National Distliers
National Lead ....
progress. They should learts from New York Central the herpes depicted In modern Hterature.
Our Otis Elevators
publie
The non-Communist reading this correspondence, is struck by the seriousness of this debate, by the fact that young people should consider politics versus love an issue at all.
BRIGHTER LIFE
Pacific Gas & Electric Pacile Western O Pan America Airways Paramount Pictures Phillips Petroleum Pittsburgh Plate Glasg Radio Corporation Rea Motors Republic Stee!
Sheul 01 Co. Sinclair C
Vacuum
One explanation is that such Southern Railway (Com.)
a debate has been possible only Standard Brands
- since June 1953, when for the Standard Oll of California first time, the "new-policy of Standard Oil of Indiana
Standard W of New Jersey
a brighter life" allowed huraan Stokley Van Camp.
and desires to intrude Studebaker-Packard Corp. Deeds and
Com- Swift & Co. upon public affairgir
Texas Co. Union Carbide
Last
d East Germany,
so, love has been a poor Union Pacific Railway in the list, and sponsored United Gas, Imp attempts to make love blend 3. Gypsim with "social conscience"> hove rubber
United States Emelting fared badly.
L.B. Stoel Warner Bros.
Woolworth
Love Alms produced by the state-owned film company. Dela, have met with hoots of laughter from the public and criticism in the Press, Love
vitriolic
Westinghouse Electric
Official values for cotion
SAO PAULO
33.50
33.16
31.43
33.78
33.82
34.11
4.12 33.60
20.04
30.40 20.12 30.07
Representatives
under
now
No. 1 pale crepe 1024-0314 said his firm was planning as- sembly plants also in Indonesia
NEW YORK.
Futures today closed 25 to 40 and India-Reuter.
DI 48
points lower with sales 30.03 contracts, Futures eased with
primary markets in slow dealings.
spot the
31.29
A limited business in spot rubber mostly represented
Singapore
23.49 dealer switching Operations Stock Market
33.12
Future closings, in cruzeiros
28,301 29.00 31.00
Buyers paid a cent premium
for May one sheets over. Sept. and cent premium for April
Brokers
Singapore, Apr. 20.
today quoted
two sheels over August. Spot following stock prices: No. 1 Ras were quoted at 31% cents, nom.
Futures,
31.70
Juiy
Sept.
the Dec.
the
31.50
31.00
30.50
32.3 British
Syndicate Consolidated Tin Smelters,
Ordinary Fraser & Reave Ltd., Ordinar
Bormed Petroleum
Apr. to Opening
31/-
30/34
30.00
$1.79
LONDON
The market was steady.
No.
28%, & Shanghai Bank
Fraser & Neave Ltd., 7157
cum. prof.....
$6,50
Colonia Regista
$830
Malayan Breweries Baffles Hotel
$2,70
$1.79
the United States, average price of 15/18 middling | Mar. cotton at ten designated spot markets was 33.41 cents. Sales
at these centres totalled 7,8271 spot Rss were quoted at bales-United Press.
New York Sugar Market
pence per lb. Prices
No. 1 rubber per lh, spot Rss 26-26%.
Settlement house term:
May June
July/Sept.
Oct/Dec. Jan./Mar
New York, Apr, 19.. World No. 4 sugar futures General markets, cit" basis. closed unchanged to 2 points April
4 higher with sales of 245 con- futures
tracts.
Domestic No. 6 sugar 2554 closed unchanged to 4 points lower with sales of, 289 contracts. World futures held steady with short covering In the nearby May delivery.
$
84
28
4012
United Press,
stories in the newspapers have London Foreign
aroused
a public controversy in
which a great proportion of
readers rejected them
jected them as a poor
copy of "Western
207 Small wänderk
th
a char-
Spot sugar featured in the domestic contract, Futures: Contract No. 4 (world)
May July September March
May
Exchange
July Spot
London: Apr: 19:
acter like Maria meets with the
New York incredulity of
young people who
Montreal have always had to defend their Paris private live against the dessusekholm mands of regimented political West Marks
·Others were activity --China Mail Special,
2.79.11/16-27874
-2734-2.7521/15
9631-9832 14504-13347- ... 11.7816-11.783% unchanged. -- United
BERGARA SAROKK
May
July
orepe "thiek May AMSTERDAM
The market was quiet. Prices closed in mulders per kilogram, CIF May as follows:
No. 1 rubber. No. 2 rubber No rubbur
No. 1 crepe...
2.62 buyers ; 2.00 BuyCTE (2.35 muyers- 274 buyers -United-Press.
New York Foreign
Exchange
England" "Ohrist
New York, Apr 19.
2.7325/22 211-2729
30-day Tulures. 220,132 South Afrien
Belgiunter
2803/18
Others were unchanged."-- United.
Spot-
Pross
Press
Singapore Cold Storage, South British Insurance Straits Trading
Steamship
$23.00 $2150
United Engineer Orary 10
Issue
Wearms Brothers
$7.40
SZ.T75
Honkko Tần
7/9d
Peinling Tin
$3.30
Baru Lintang, Rubber Co.
1.25
Kempas Lid,
Linas Rubber Estates Lid.
* eum div..
New Serandah · Rubber Co.
Lid.
1133 $1.35
$1.30
China' Mall. Special..
BANKS
SHIPPING
Union
HK Back 1835 1545
East Asia.
230 INSURANCES
1013
Lombard
Wet:rboat
JD
DOCKS, ETC.
Jock
2415
11.0
7.80 7
Provident 01
X.ALL Wheelock LAND, ETC. HK Hotel
› HK Land
13 1746
costs
ing relationships with leaderspots there are indications a of other
Im
the important industries." A
foreign market be tightening up." may 1030 Johnson did.
He said import restrictions SNAGING
stif create
for US Austri Countries which think they land. Formosa, West Ger- Brazil, Chille, are protecting local film enter-mary and Japan waile exhibi- prises
by erecting barriers tion quotas, admission price against outside competition are
6664
escri
In fact snaging their industries regulations, restrictions on 7- 17232740 000 and there is no nation whose imittance of carnings are st
film industry 400 61
can continue to enforced in many countries.
195 Agreements in operate independently and on an adequate seale without foreign Various problems of this nature in France, Italy, Indonesia. Ar- markets. Nobody's domestic
gentina. United Kingdom, Paki- patronage is big enough to perm
Burma and Formosa.- mil the industry to furish as it United Press. should. Hence the free flow of Stat & 20.40 Alms around the world must be
Humphreys,
X.ALL Realty UTILITIES
Tran
16.90
3.16 20:0 - 2016 30.20 361 1408201
100% 20.40
Star Ferry
Y'mari F
XALL
C. Tight (0)
140
700 m 201
300 20,46
109 106 300 m tus oj
of mutual cen to all respon sible film producers
Mr Johnson said the US in- IB 18.20 3000 19.10 dustry has given genuine sulfam
1000 19.26
'C. Light (N) 14.10 14.20-1608 6 1430 port and no little assurance to 2000 14.10 the circulation and exhibition Electric 21, 231) 2374 1650 332 of foreign Glme in the United 0933 States," making it possible for Macao Elec. Telephone
190 foreign films to be shown INDUSTRIALS
last year. Cement
X.ALL
12.30
316 EQU
300
JJ
29.00 28.80 500 5 28,70
750 23.70
1060 € 15.30
300 19 2012
WE
G
Rope XD., 15.80 STORES, ETC
Dairy XD... L. Crawford 23.30 COTTONS Textle Nanyang MISCELLANEOUS
Allied
Corp
900 28,74
8,70 1000 5 8,60
10000 - 4.00
500 4.8734.
Little Buying
On London
Stock Market
London, Apr. 19. There was a little pre-Badget buying on the London stock market. Some cotton textiles were up. 6d or is on the ex- pectation that the Government do something will
and Imperial Lancashire Tobacco was up is on the faint hope of some reduction in the punitive tobacco tax
High-grade industrials were generally only a few pence up or down.
British Government issues vere similarly featureless.
South African gold shares, especially the Orange Free State onts, met a wave of seiling on the belle that the racial situation was not good for labour re- In Litrs,
Attempts to realize profits on Royal Dutch caused dealers to mark: the price "down '£14 to E584, Shill on the same reason “was marked dovín 25.
· Forciza boards were idle 'and unchanged-United Press.
MESSAGERIES MARITIMES
PO. Box 53 ** Queen's Building - Tel: 26831.
FAST PASSENGER/FREIGŁYT SERVICE "CAMBODGE"
sailing May 21st sailing Jan. 18th
FAST FREIGHT SERVICE
PEIHO BIR HAKEIM"
sailing May 16th sailing June 25th
EVERETT
Exchange Rates
Business was done in the local Unofiletal Exchange worket
this morning at the following rates- U.S.dollar (per 31)
Serling notes (per 21}]] fatonesian rupiah iper 100) Siran Neg (per 100)
Singapore (Strafts)* ...... Indo-China plastrez per 1001
LINES
EVERETT ORIENT LINE
►
Fast regular freight -
refrigerator passenger service 10 Korea, Japan, Philippines, Indo-China, Siam, Malaya, Rangoon, Calculta and Chittagong.
"LENEVERETT”
Arrives Sails
Apr, 25 from Manila. Apr, 25 for
Singapore,
Fenang
Rangoon, Chittagong Calcutta,
"REBEVERETT"
Arrives Salls
May 4, May
5
for Kobe & Yokohama,
(Accepting cargo for transhipment Kobe/Tusan and Kobe/Okinawa)
EVERETT STAR LINE
"Fast regular: freight = refrigerator servies to Japan, Malaya, Colombo, Bombay, Karachi and Persian Gulf.
(Bubject to inducement for direct calf Korea)
"STAR ALCYONE”
Arrives MayB from Singapore, Salis
"THAI"
Arrives Salls
May B for Kobe, & Yokohama,
May 18 from Japan,
May 10 for Singapore, Port Swet
tenham, Madras, Colombo, Karuchi, "Bashah, Kawalt & Bahrein.
· (LIMITED PASSENGER ACCOMMODATION) (Accenting cargo for trasshipment Kobe/Pusan and"- Kobe/Okinawa);"
EVERETT STEAMSHIP CORPORATION S/A
„Incorporated the Republie et démang grită Limited Liability Chinese Department: Telephone 28293. Queen's Building, Telephone 37206.
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