1955-04-27 — Page 9

HOLLAND

HOPES FOR

Im VISITORS

Amsterdam, Apr. 25. Holland hopes this year

to attract 1,000,000 foreign visitors for the first timè in her history.

The shop window is well filled,

There are all the usual and already famour attractions: the bulbfields and flower processio in April and May, the month. long Holland Festival with the New York City Ballet, the La Scala Opera

froin Company Milan

Shakespeare and the Memorial Theatre Company from Stratford-on-Avon, lasting from mid-June to mid-July,

and

"

THE CHINA MAIL, WEDNESDAY, APRIL 27, 1955.

TRADE and COMMERCE

SECTION

Page

US POWER

THE INDUSTRIAL DEVELOPMENT UNITS FOR

Finance

For Siam

Cement Company

Washington, Apr. 25.

NEW YORK OF ASIA

STOCK

MARKET

New York, Apr. 26.

The stock market advance gathered momentum today,

The Export-Import Bank an-moving industrial shares to

today the authorisa

Windmills and canals, Rembrandts and Vermeers, Janeuneed Sicens

van Goghsthestion of like the wooden shoes and baggy Cement

all-time high and a credit to the Sim a new

Company, Limited, of rails to their best level since trousers of the peasant, or the

Bangkok, of up to $1,250,000 Oct. 26, 1929. pleturesque costume of the fish- wives, are already famous and for the purpose of purchasing

States United need to advertisement.

equipment for

The rise, despite some. Inte generating electric

power paring of gain realising, added primarily for use in cement around a billion dollars to the production, but also for sale to values of all listed stocks. towns near its cement plants..

There was demand for steels The Slam Cement Company rails, cement stocks, chemicals, manufactures coment

products metals and a host of special and in recent

has also issues. years produced plz iron bars and fire bricks. Its cement output, in 1954 amounted to about 370,000 tors.

is

A special attraction this year big exhibition opening in Rutterdam on May 18, under the title

55

"Energy 1055"), designed to

portray Holland's rear-miraculous rê covery, since 1945. Covering 90 acres and due to remain open until September, “E 55" will show how the Dutch have re-

from the ravages covered

1101

ot

Nazi looting and destruction, the loss of Indonesia and the ilcod disaster of two years ago.

ANNIVERSARY

The tenth anniversary of the liberation of Holland, in May 1943 will in itself be the occasion for bigger- than-ever cel:braifans, A national committee has been formed to co-ordinate and plan festivities

In every town and village.

A million foreign visitors in

a land of less than 11,000,000 is à formidable ratio. people

in a world in which. But even in grawing foreign travel is con stantly breaking national tour- ist record, Dutch success i drawing foreign visitors is syll remarkable.

Last year showed an increase in foreign tourism of 29 per cena bigger rise, according to unofficial figures. than can be claimed by any other European country of comparable or greal- er size... The number of quest from nights spent by vicitors abroad in Dutch hotels reached about 2,000,000.

ΤΟΥ

Various explanations are ad- vanced

this

increasing popularity of Holland among tourists. Some reasons are shown by We questionnair which foreigners leaving Holland asked to 1 in to record im pressions, criticisms and sugges tions for improvement, -

are

the Of all those questioned, largest percentage singled out the.

politeness, "hospitality, helpfulness and knowledge of languages of the Dutch people

as the strongest single pression

in1-

of their stay-China

Mail Special.

Convicts Pay

Their Way

In Belgium

"

||

Bigger Role For Indians

And Japanese

New York, Apr. 25.

A leading American business spokesman today forecast a bigger role for India and Japan in the industrial development of Asia.

Mr

Warren Lee Pierson, industrial development." The Steels, strong throughout the Chairman of the United States two countries, he said are the session, tacked down just before Council of the International most advanced Industrially the close. US Steel, up over a Chamber of Commerce, told a Japan, he added. "will prob- Press conference that "between ably take the lead in the area in paint at one time, closed un- The credit will carry a rate changed.

the India and Japan-they could the future just as she has done Directors after of interest of 5 1/2 and be pay-close

reported record first carry the load of the vast in the past able over a period of 10 years, quarter earnings for the ComTM with repayments to start not pany but declared only the later than July 1, 1957, The

dividend usual

disappointing Government of Thailand will many in Wall Street, Bithleim,

furnish Phily of Thailand, curney into was up more than a point but dollars, the announcement sa below its high. -United Press.

assurance of convert, whose directors meet Thursday World Cotton Biennial Congrase of the Inter-

China Offers

To Purchase

HIGHWAY SCHEME

Markets

HEADING DELEGATION M: Pierson will head a group of 87 American delegates to the

national

nal Chamber of Commerce to be hold

in Tokyo next month, Stressing the importance of |-trade for Japan, Mr Pierson said that the countries who hope for stability of the Far East will Some of the day's best gains came in cernent stocks, respond-

New York, Apr. 26.

have to recognise the import Cation ing to Presiden: Eisenhower's

traders today, con-ance of opting their doors to Con- tinued to be almost solely pre-Japanese exports.' request, the Republican,

United gressional leaders get moving on occupied with adjusting posi-Press. This $101,000,000,000 highwaytions in the May delivery..

Prompt stoppage of delivery

Egyptian Cotton construction programme, notices, with southern mills

Cairo, Apr. 26. Communist China has offered 4: Lone

+

ગર્લ

World Rubber

Markets

Alpha Portland soared 4 credited with taking up around points, Lehigh Portland nearly 19,000 bales of the 35,000 bales Star and Penn-Dixie recently put on tender, acted to 2 points cach, Mar-restore

confidiace in buyers bo buy about 22,500,000 kilos of round

crop moniks. Egyptian cotton each year,acquettee cement a point.

Just before the close, Du

The ecrding to reports published by

May delivery closed 0 5 points to $187. Poct

soared

points higher while the rest of

Singapore, Apr. 26. the Egyptian Press today from Other chemicals also were the list was off 1 to 8 points. The rubber market was steady their correspondents in Bandung streng. Chrysler met, demand

automotives,

Opening prices were up to off because of trade support and rising Minister in National Guidance

4 points. New Orleans closed some short-covering. · There Major Salah Salem told the nearly 2 points.

were some overseas acceptances Industrials as a group aver-Up 1 to 11 points.

interests correspondents in Bandung that

were in the afternoon too. Futures:

June 20-9012

July unquoted

the

the offer was made during talks aged 2.78 points higher while Learners of May Tori 16.1 rubber, per th. May 945-803

between

coitcr..

the

0.10.

14,500

bales con

compared

2115-8734

854-3612 915-9171

Soviet Views On World Trade

New York; Apr; 26.

Russia calledd for expan«! Kion of world trade in a document made public at United Nations, headquar- ters today.

In a reply to a circulated request for opinions on international commodity trade, the Soviet Govern-

mid trade should be expanded in accordance with the

principle that "every country

should what it can and buy every

rell

thing that it needs from alber

cauztries. without

any discrimination".

If this

prinsiple were observed, negotiations for new

trade agreements 'would be more succesful

--Renter.

Singapore Stock Market

the

Singapore, Apr. 27. Brokers today. quoted following stock prices: British Borneo Petroleum Syndicate **** Consolidated Tin Smelteri

Ord. Suppose pos 30/64

Raffies Hotel***

Straits Steamship

Opening

30/64

HONGKONG STOCK EXCHANGE

was

JAPAN

- New York, Apr. 25. The first of three 75,000 dlowatt power units being built for Japanese utilities put aboard the Japanese OSK liner Panama Maru at the US Navy base here yesterday. Eight carloads of switchgear and power equipment was also (From Our Correspondent) placed aboard the liner which is

scheduled to rich the port of Business done on the Hong-Kobe in 35 days. kang Stock Exchange this mċrn- ing amounted to $420,837. Noon quotations and the morning's transactions:

SHARES BUYERS SELLERS SALES TANKS

HK Bank... East Asia INSURANCES Union **** Letabard SHIPPING

Asia Nav

DOCKS. ETC.

K. Wharf Provident (0) 11.00-13.00 Whecinek

LAND. ETC.

HK Hotel

HK Land Humphreys

UTILITIES

Tram

531533

24 1040

7.10 720 2000 @ 7.13

17.40 171 1000 ms 17,40 * 65 600 06425

16.70

2014 20.70 100 @ 306

1000 G 20,80 Star Ferry..

139 Y'mat! Ferry 105 10 200 @ 106

C. Light (0)

www

icht

(N)

17.70 17.70 450

17,80

pieces

ieces one of the largest

of

ever to be equipment ever handled by the

port Philadelphia is a lowy portion of more than $28,000,000 worth of power equipment ardaved late in 1953 by two of Japan's large est atilities

power

KYUSHU STATION Measuring 27 fees in length and more than 11 fect in both height and width, the 330,000– pound generator will be in stalled in the Kyushu Electric Power Company's new station at Karita, on the of Kyushu. Two other genera tors now under construction are destined for the Kansai Electrie Power Company on the main Japanese island of

Honshu Savings in operations the new units will amount to about. 20 per cent return on the in- vestment in the first year, ac-

p*

500 17.10 Cording to Westinghouse Electric International Company-United Press

12.90 14 1000

Electric... BG 189

Telophone. 31% 3214

INDUSTRIALS

Cement * 23.90 28.50 330 ₫

13.40

1500

B.70 4.85 3250 Bar

620 1.30

Frager & Neave Lt Ord Fraser & Neare Lid. 75%

cum. pref.

21.05

Rope XD

STORES, ETC

$8.60

Malayan Breweries.

kong & Shanghal Bank- Ing Corp..........

Dairy XD

20,00

20%

1515

20.00

Watson......

131

53.80

L. Crawford 25%

$2.65

Singapore Cold Storage

COTTONS

31.80

South Britan Insurance Ca..

Textle Corp 5.70 5.90

Ltd.

Nanyang

Straits Trading.

-- ་་ ་་་་་

6.00

MISCELLANEOUS

$25.00

Yangtze

$14.50

United Engineers Ord.

Allied

$7.40

Wearne Bros.

$11.50

Hongkong Tin Ltd.

7/6d

Petaling Tin Ltd.

$4.05%

Batu Lintang Rubber Co.

Lids

51.38.

Kempes Lid

-$1.40

Lust Rubber Estates Ltd.

New Serandah Rubber Co..

$1.85

Ltd.

$1.30

div.-China Mall Special.

US dollar (per $1)

Chicago Grain

Market

Chicago, Apr. 25, Small gains were chalked up 9415-9314 for grain futures on the Begri of Trade today but were unable to survive the spell of profit- taking that followed

rafis gained 1.34 and utilities about 20

20 points under July. Egyptian and

Other

firms were buyers No. 1 rubber per Ib. May 8-9 Chinese Communist delegations.

spot The gains in rails ranged al- The Chinese rubmitted to the Egyptians a list of Chinese pro- most 16.4 points in Santa Fe, of May and Now Ories today No. 3 No. 4 700 bales yesterday.

| Spot, rubber unbaled duels which could be delivered selling ex-dividend

Of a total 1,218 issues traded.

Blanket crepe the May situation to. Egypt in exchange for its there were 595 higher, only 387

13, E. 1 bale crepe cleared up, market observers lower.

thought crop news, textile Trading was moderately active market events, spot market de- Major Salem stressed that "the

and the operation was rather difficult to throughout the session and dum-velopments

other realise, Egypt having need for over totalled 2,720,000 shares, usual price-stapling factors would

be overlooked. much more industrial products the same as yesterday

The New York Stock Exchang: and raw materials than those

Trading volumes and open which China offered."-France bond volume was $4,380,000,

The

Ex-interests in the Exchange today Presse.

American Stock change bond was 840,000 shares, were: Month Dow-Jones closing averages

London Stock Market

London, Apr. 28. British Government bonds rallied strongly today, carrying all sections of the London stock market higher,

Fairly heavy investment buy-

reversed ing

the three-day decline, which hammered gilt- edged securities down sharply. War Loan rose almost 13s, re- covering about half its losses."

The weakness in the market in past sessions reflected fears

Brussels, Apr. 26. of tighter credit restrictions and

about the up- elections .00 general

But a rash of good earnings money for their Govern- reports, strength in sterling and

Hard working Belgian uncertainties

convicts not only pay for coming

May 25.

their keep they make

ment.

This is revealed in the annual report of the Belgian Prison Commission. The Commission

claims that Belgian prisons, arc model for the rest of the

蟲

world.

were:

30 industrials

20

Falls

15 utiles

stocks

40 bonds

Comm. future price index

YESTERDAY'S PRICES

May

July

4.30.54 OCT.

26154 Dec.

64.00 Mar. 16124

May

NEW YORK

Futures closed today 20 to 25 points higher with sales of 117: Buying in wheat futures was contracts.

Factive after reports were re- Dealer buying and the higher cived of clear, dry weather cables popped the terminal over the southwest and of large export sales of US bread grain. mezkets.

The spot market ruled quietly. Exporters sald Western Ger- July one sheets sold at 311⁄2 man importers took licences cents in the forenoon, with covering 90,000 tons of US hard sellors at that price in the after-wheat and are expected to get Lences en another 60,000 tons

Thursday. Western many also took 120,000 bushels of US soybeans.

00

Spot no. 1 Rss were quoted at 31% cents a pound. Futures: 83,400-

Volume Open Interest

$15,900 83,500

94,200

880,200

4,400

431,600

200 381.100

1:000.

11,800

193.400

14.600

199.700

155.40 July

19.32 Total

6,700

260,800 2,375,000 bales

May

Juls

NEW YORK

Sept.

Dec.

MAT

Prices of futures closed today

0014

May

follows:

273

Spat

49

May

34.35n 33.5T

1811

July

37.00-70

71

October

December

6134

May

July

Bawn-Luna-Hamilton

182%

Baltimore & Ohio

Beadix Aviation: Corp.

58$

Aiden Inc. Aey. Ailled Chemicals Allis Chalmers America's Airline Americas Metal American Smelting American Tel & Tei American Tobacco "B"

Anaconda Copper Armeo. Steel Armour

| Benguet Cond

Bethlehem Steel

Becing Airplane Canadian Pacific Railway- Case (J. 1) .. Chase National Bank Chrysler Motors Commercial Credit :

Commonwealth Elec. Consolidated Edison

Continental Steel

| Dupont de Namosas vis-

an improved economic outlook Corn Products alded the market and prompted Crane Co.

Cuban American SigAT traders to buy,

Leading industrial stocks im-Cuts Wright proved on short-covering. Some Eriman Kedi

Unilever, General Electric top issues such as

General Foods. Ford

Imperial General Motors Motor, and Chemicals tended to advance. Glette Safety Razor Royal Dutch paced bils with a Goodrich (B.F) Co.

Voluntary work "It keeps gain of £%-United Press.

the prisoners happy" is the

basis of an intensive system of

"re-education." During their

months and years of detention New York Sugar

inmates invariably learn a trade. Lack of a trade, the re- port adds, is often the reason individuals turn to crime.

FART TO FAMILIES

Inmates are paid for their work. Part of their earnings goes to their families. What is more, Belgium's 13 prisons last year netted ten-and-a-half million franks (nearly 275,000) profit from the sale of goods manufactured by the prisoners.

Market

New York; Apr. 28.

·World No. 4 sugar

Goodyear Tire & Rubber Horstake, Mining Co International Business Machines

International Hawrenter

International Nicke) Intemational Paper International Tel, & Tel. Jean-Monville Co. Kennecott. Copper Lockheed- Aircraft Leows, Incorp..

Minnesota Mining National Cash Registar. "A" National Distillers future National Lead closed today unchanged to 2 New York Central. points lower with sales of 14 Ots Elevators

Pacis Gay & Electric contracts,

Pacific Western Gif Domestic No. 6 sugar futures Pan American Airways

1 poins. lower to 1 point Paramount Pictures

Prilly Flats Glass. higher with sales, of 25 090-

Both markets ruled quiet and Republic Steel

Shell Oll Co. mixed while traders awaited Sinclair, Oil www market developments. Socony. Vacuum Futures:

tracts.

Prison producing the biggest share of the profit (2,500, D Contact No. 4 (world) francs) was Louvain-a prol reserved for long-term prisoners. Inmates there are mostly lifers" and prisoners sentenced to death.

The death sentence is not carried out in Belgium. Con- ́deraned murderers are sent, to -pack for life, and their names' cre removed from all lists- of the population. Londen Express Service,

MAY July Sept.

Spol-fcenta per

Contract No D.

July.

Nery.

Społ

ox-duty)

per the dif

Petruleuma

Radio Corporation

Southern Railway (Com.) Biantard Oil of California Standard Oil. of Indigna Standard OU of New Jersy Stoklay-Van "Campiona Studebaker-Packard Corp. Swift & Co.

Texas: Co.

Union Carbide Union Pacile Bášky United Gas, Imp

18. Gypsum

U: 3: Ane No.

B. Rubber

US Steel

Wayzer ExOW Westinghouse Fiech Woolworth

March

31.77-80 31.80

31.10

30,60

of

29 33

33.91 spot Rss were quoted at 26

NEW ORLEANS

Prices of futures closed today

as follows:

Spot

Ju

October

December

March

July

LONDON

The market was quiet. No.

34.02

34.12

34.25

pence per lb. Prices: Spot No. 1 Ra

2635-2841

33 71

Settlement house term:

June

447-281

July/Sept.

Oct./Dec.

Jan./Mar.

General markets, cif basis.

May

June

July

33.75

Estate crepe thick May

33.56

33.73-74

23.92

36.00

33.71

United Press.

LIVERPOOL

thin

AMSTERDAM

The market was quietly steady. Prices closed today in guilders per kilogram, CIF May follows No. 1 rubber

Future. closings, American No. 2 rubber

middling in pence per lb.

99% were as follows!

116

May/Jur.e

July/Aug.

Oct/Nov.

Dec./Jan.

Mar/Apr.

の

SAO PAULO

30.23

29.99

23.32

Future closings, in cruzeiros

per kilo were as follows;

May

July

Oct..

Desi

In the United States, the average of 15/18 middling at tem designated spot markets was 23.61 cents. Sales at these centres totalled -4,387 bales

United Press: **

No, 3 rubber

No. 1 crepe

Ger-

Japan bought 350,000 bushels US low grade wheat and 1,400,000 bushels of Australian wheat, and exporters are awalt- replies on offerings of ing

1,270,000 bushels of US whent bushels to

1 to Chile. 500,000

Formosa and 200,000 bushels in Austria.

Wheat, closed off to 1. cents; soybeans off 1⁄2 10 2% cents-United Press.

New York Foreign

Exchange

England-official

New York. Apr.

unofcial

- 30-day · Futures

New Zealand.

Australia South Africa

Arga .. and poro. Uraguay 7.58 nom, Indla 2.57 nom. Pakistan 2.7T paid Others

Press.

United Press.

$2.79 1

2.71-273

2.80 5/10

0150

were unchanged.—United

Holland Fears

Bulb Slump

Amsterdam, Apr. 25.

Japan is cutting into Holland's flower bulbs exports to the United States and the development deeply concerns Dutch growers and exporters._**

Loudon Foreign statics were voiced at Dutch, dumping tactles generally,

Exchange

TIK Zurich

Others Were

4.99 1.96 5000 4.95

U.S. COTTON

CONSUMPTION

Washington, Apr. 25.

The Consus Bureau in the Commerce Department reported

that today

about 292,892 rumming bales of cution were consumed in the United States.

In March, compared with 844,092

in

n March a year

dustry on cotton

to in-

linters statistics, the Bureau

said 16,019,799 bales were consumed

Exchange Rates during the eight months through

March. compared to 5,951,306

Budaces was done in the local during the same period a year.

unofficial exchange market moming at the following rites:

Sterling nodes (por 21)

Indonesian rupiah (per 100).

Stam ticals (per 100) Singapore

(Straits)

Indo-China plastres (per 100)

EVERETT

sago.

5.81

"Cotton on hand on April 15.76 1955 totalled 1,288,695 bales in 1270 consuming. establishments and

27.60

1.81

11,869,942 in public storage and 9.15 lat compresses-United Press.

INES

EVERETT ORIENT LINE

Fast regular freight refrigerator passenger service to Korea, Japan, Philippines, Indo-China, Siam, Malaya, Rangoon, Calcutta and

Chittagong- "LENEVERETT"

In Port Loading Sails

Pening.

Apr, 27 for Singapore.

• Rangoon, Chittagong Calcutta.

"REBEVERETT"

Arrives Sats

May 4

May 5 tor Kobe & Yokobams. (Accepting cargo for transhipment Kobe/Pusanand - Kobe/Okinawa)

EVERETT STAR LINE

Fast regular freight refrigerator-service Japan, Malaya, Colombo, Bombay, Karachi and

** Persian Gulf, `(Subject to inducement for direct call Korun)

"STAR ALCYONE”

Arrives May 8 from Singapore, Sails

May 9 for Kobe & Yokohama

"THAI

Arrives Salis

May 18. from Japan,

May 18 for Singapore Port Swet

tenham, Madras,, Colombe, Karachi, Bashah, Kuwait & Bahrein, ›

(LIMITED PASSENGER ACCOMMODATION).

{{Accepting exrgo för transhipınarri “Koba/Pusan" and Hobe/Okinaws).

EVERETT STEAMSHIP CORPORATION S/A Campeporated in the Hapkhile, óf Panama VESNA with Limited Liabilit Chinese Department: Telephone 28293. Queen's "Building, - Telephone 31206,

MESSAGERIES

MARITIMES

E.O. Box 53 uees & Building "Tch

SA FAST PASSENGER/FREIGHT SERVICI "CAMBODGE!!!

LAOS

Fears of a dangerous stump | Holland should sick to exports Fin exports to the United States of top quality;; bulbs., hoping as a result of Japan's "cheap that the US, while disliking

Haarlem. In the bulb-growing would also take measures area, last week

peainst Japanese blub dumping. Growers and exporters told a Some growers expressed fears "Royal" General · Bulb growing that Japan would refuse to stop Association meeting the selling bulbs cheaply to solte 12/15 | development might, force them eventual". Dutch efforts to co

bo market in the United States | vince them that they would fail

buka of a smaller to capturerhe US market "size" the cope with the spinese [the long run. Wiese" grow EZE

Bald US St

of Japan's ex« Eupport STRONG DISAPPROVAL panding, Export was part of

world giolicy patleri:that migh strong disapproval however, make the Dutch lose part of the "BIR HAKEIMŲ Growers who opposed it stressed US market-United Press.

"PEHO"

sailing @May 21st saling Tunk/ 18th

FAST FREIGHT SERVICE

June 26th