1955-06-15 — Page 9

RESTORATION OF GERMAN MONARCHY

Bonn, June 14.

Leading members of the former German Imperial

House of Hohenzollern' are adopting a walt and see" attitude to a new movement which aims at the restora. tion of the Monarchy In Germany.

THE CHINA MAIL, WEDNESDAY, JUNE 15, 1955.

COMMERCE SECTION

TRADE and

German Steel Town Planned Australian Wool

HONGKONG NEW YORK For India

STOCK EXCHANGE

{From Our Correspondent)

The "Movement for Kaiser and Reich" wants to bring back Le Horanzollerns as rulers of a whose Germany, reunified frontlers would be "Axed by justice and international law.

Its founders are a 29-year-old Ruhr financial consultant, named Wilhelm Werth, and 45-year-old Westphalian elementary school- teacher and ex-officer, Walter kong Hannemann, Both were known until now.

None of the 60 or so members they

have so far enrolled is well But. Werth claims, known. "The names are rolling in and we hope soup to start forming

groups Jocal

and proper rational organisation."

Business done on the Hong- Stock Exchange this un-morning amounted to $368,819.- 20. Noon: quotations and the morning's transactions: SHARES BUYERS SELLERS SALE

158) 1990 10

Werth has sink his savings to start a bi-monthly newspaper Kaiser and Reich, whose entitled

first issue, published last month, e the Imperial cadle on its bole title-head and Hod on its front page a large picture of the last Kaiser, Williela 11, in Prussian military uniform.

NAZI MEMBER

members of Would-be

the Movement must send to marka (3s 4d sterling) and ea stamped addressed envelope to Hanne- mann, provisional "Reich leader" of the organisation and

ene-

time ordinary member of the Nazi party. They unust give assurance of their agreement with the basic aims of the Move- ment and swear

on wath that They ha

have

nat con

crimes against

treason against Germany.

Werth, who

was

in the Luft- waffe

during World War II, says that since the last Kaiser went into exile in Holland, in 1918, Germany has never been really happy.

that he has never He adds been a member of any politica! party before, although, like mast people of his age he was o member of the Hitler Youth and came to favour the idea of a Monarchy after the war.

"Hitler was for me and many others virtually a 'god," he ex- plains. "Many people followed him because he was, in a sense, a symbol for the monarchy. But he misused the good attributes of the German our disaster people. That was

The head of the Hohenzollern House, whom Werth and his associates would like to see oc- cupying the throne again. is Princy Louis Ferdinand of Prussia, 47-year-old grandson of the last Kaiser. He lives with his wite, Princess Kira, o forme- Grand Duchess of Russia and

children.

their incir Bremen.

Seven

near

The children, aged from five, to 16, go to State schools. Three ut them, including the eldest son, Friedrich Wilhelm; won scholar- shine

to a Gymnasium, the German secundary school.

"We do res want to send our children to private schools," the Prince explains. "We think it Better for them to live in the family."

FAMILY SEAT

BANKS

HK Bank East Asia

INSURANCES

Union

Lombard

SHIPPING

14

943 31

Waterbout ., 19.00 DOCKS, ETC.

..

75 78

........30

K. Whart Daci Provident (0) 13.40 13.00 Wheckck

LAND, ETC)

1480

STOCK MARKET

New York, June 14. Prices on the New York Stock Exchange receded by fractions to around a point today in moderate active dealings.

in

All departments joined the retreat with the exceptions of utilities which rose a few cents.

VAST PROBLEMS TO OVERCOME

Essen, June 14.

German plans for a new Indian steel town for 100,000 people, now rising out of the jungle, 260 miles west of Calcutta, were shown to the public here during

Market experts pointed out May.

that the list was due for some selling this time because of the recent upsurge which moved in-

dustrial shares to a new all

shares

time high. Railroad 7.50 7 3300 7.76 yesterday closed

1i

1300 77%

་

th listel 16.78 18.80 1000 16.80

FK Lid .. ED 60 500-69 11umphreys

없겠어 for

Ris. 0.10

2.0 2.10

Realty UTILITIES

.10

Tram

22.00 23.10 900 23. Star Ferry

100 18 Yuunati Ferry 117 118 220 118

C. List (07.20.10 20.30

1790210 18 684 15.80 500 15.90 391 30% 1700 301 10.90 11

*33.33% 5334

C. Light (N) 15.20

Electric Musay Elex Telephone

300 33

INDUSTRIALS

Coment Rupe STORES. ETC.

Dairy Waluer Ly

25.00 2900

13.00

1.10 21 Crawford **

50

..

7.30 200

COTTONS

Texile Corp. 5.65 5.70 Nanya MISCELLANEOUS

Allied

7.00

... 424 4.87 7000 4.771

at new high

ground in more than 23 years.

Today, they were down a few penis.

Transactions today totalled 2,860,000 shares compared with 2,770,000 shares yesterday.

Sun-Hay-Mid-Cant. Oil domi- nated the market in dealings. It finished in the first spot in the most

with active list

50,700 shares changing hands. It closed with gain of % to $27.

STEELS LOWER

Steel shares, after

after showing strength earlier in the session, closed slightly lower with Bethlehem Steel the weak spot It dipped 17 points to $139.

Motor shares cased.

In the slightly lower carrier Allantic Coast

Indians are building the town, to be known as Rourkela, and planning the details.

But the general plan has been prepared by the housing subsidiary of Krupp's, which, with another German firm, Demag, is also responsible for the plan of the adjoining steelworks.

Until now, the name Rourkeia meant a few clays huts and an unimportant railway station oc the line from Calcutta, Sceon, it signity India's most I'modern town.

will

Her: Stellar said that he and His planning team had tackled the problem cf oppressive heat by spreading the town. "In Europe, this would have been impossible because of the high land values," he said. "But at Rourkela picts will be extreme.

The first stage of the plan provides for a town to accom-ly cheap.” comprising 10,000 householders modate same 50,000 people.

Production

Germans Object May Be

To Jap Dumping

Cologne, June 14.

The Association of Ger- man industries has written to the Foreign and Econo- mie Ministries expressing

fear of Japanese dumping and demanding protective steps be taken.

In an open letter sent to Government yesterday, the

the Association said "Ger- man industry faces a de-

the

Pression

duced

German protected cheap

139 pro- Japanese products in the same way other coun- tries protect their markets." ---United Press.

US-Japan

Agreement

Applauded

The

..

Record

Sydney, June 14.

Australian wool production will be the highest

on record if present trends continue, the National Council of Wool Selling Brokers announced here today.

With only one month of the wook year left, total production

amounted to just under 3,800,000 LONDON STOCK-

The

bales. This 110,000 more than the total in the corres- ponding period last year.

Council spokesman estimated that the curent wool clip will definitely top 3,900,000 bales which would set a pro- duction

record provided wool continues to flow normally into stores during the remainder of June.

This production figure would be about 50,000 bales above the

figures.

MARKET

*London, June 14. The belief that the railroad strike soon will be settled sent London on the stocks soaring Exchange today.

Many issues climbed to new all-time peaks on heavy volume. Gains among the blue chip in dustrials ranged to 65, in C. A. Parsons, the big electrical equip– although some ment firm." price easiness noted, the total Courtaulde ran up 2s. 3d. to a income from wool sold in the new peak of 50s. Jei Imperial eleven months amounted

ackled nearly 25. and Chemicals about £36,000,000 (Australian Associated Electric more than 3s. below last year. The all-around Rolls-Royce climbed 45, recover- price average is about ten pence ing all of yesterday's loss, per pound the average of the The star performer was Metal

Box.

It soared 18s on a very year.-United Press. Previous

good earnings report.

to

Oils were active but closing prices were somewhat below the

step towards the economic House Approves day's highs, the result of late

Washington, June 14

new tariff-reducing agreement between the United States and Japan was a major

rearmament" of Japan, the Washington Star sald leading article today.

Although the agreement wes Anal and complete

it 300 answer to Japan's problems,

The steelwerks will stand a

JA

д

"

Ike's Bill

profit-taking. Gold shares firmed.

Government British

bonda generally were marked up £. A few managed to rise as much as £-United Press.

east-west. The cleared the way for the Japa would give President Eisenhower London Foreign

and their families, about three little to the uth of a range of hardly a

in hills which rise to about quarters of them employed

and run the state-controlled Line

steelworks feet 500,000 tons which

become members will then be producing town will be about half a mile nese to

north of the hills which, it is GATT, it added. of crude steel a year. Later, all these figures hoped, will deflect fumes from

the works. will be doubled.

to

CHIEF PLANNER

of

Washington, June 14, The House of Representatives today approved a Bill which

new authority to cut tariffs and

Trade Act for three years.

would extend the Reciprocai Exchange

to The Senate is expected

小

Amsterdam

group 400 14.30 countered the

trend with a 28.18 improvement of 14 points

$54.

And the Tokyo Government Magna Copper led the metal

is in a much stronger position group higher with a gain of 1%

further com-vote on the Bill soon. It would New York The town, covering an area to work out its to $8614. points

Chemicals

of about four miles by one and mercial relationships with its allow the President to cut | Montreal, Anished mixed.

regard to tariffs by up to a total of 13 per Brussels The town's chief planner, 54-a half, will consist of 20 self-neighbours withour Of the 1,204 issues traded year-old Herr

the news-cent over the next three years Copenhagen Konrad Stailer. contained districts, each holding political pressures,” today, 459 closed higher 499 de- says that his main problem has 5,000 people.

in return for similar concessions abon clined

and

Laper said-Reuter, 246 held un-ben the climate. Rourkela has

from other rountries. changed

The New York Stock $30,000.

an average

Campamer tempera-

World Cotton change bond volume Ex-Lure of 113 degres Fahrechelt

+

Markets

H

New York, June 14. Cotion prices today opened slightly higher and approximate. ly maintained that position for the rest of another slow session, .. Closing an a mild rally the list finished with net gains of 9 to 15 points, Opening prices were up 1 to 4 points. New Orleans closed up 9 to 16 points. Trading orginated mostly among professionals, with evening-up operations in July before first notice day-June 24-accounting for a good part of the small business. Open July contracts at the start of trading today totalled 477,700 bales.

Liverpool brakers bought old July against sales of new crop July. Local traders and com- mission houses were reported on both sides of the market in

Prince Louis Ferdinand work-small way. ed for the Ford Motor Company

ง

Outside speculative "interest

In the United States in the early remained dormiant while traders thirties,

and

for its German awaited definite Washington subsidiary for some time after

er development plan for the dis- World War II. Now, he ad-pasal of commodity surpluses.

the We:L German

Trading volumes and oper Interests in the Exchange today

Pans of the family which

July

the family seat, Burg were: Hohenzollern, in Wuerttemberg Menth and a house in Homburg. Most of the family states were in Eastern Germany and have been expropriated by the Commanists.

Asked

Oct.

Dec. Mar. May

whether he approved July Oct the efforts of the Movement to

Total bring back the Monarchy, the

• bales. Prince said: It is not for me make declarations on this matter. My opinion is subjec Live. The German people must decide for themselves."

to

+

The Frince said. that he does not know any of the people in the new Movement and has re- ceived no proposals from them. The fifth and only surviving son et the Kaiser, Prince Oskar Preussen, 87-year-old Master of the German Order of lives with his St John, who

von

wife in

house at the side

Voluing Open interest

12,000 0,500 11,800

was $4 (45 degrees Centigrade) and is

subject to monsoon rains. The American Stock Ex-. change volume was 1,106,000

shares.

CLOSING PRICES

Alden Inc. Ary, Allied Chemicals Allied Mills Inc.

Allis Chalmers

American Airline American Cynatamide Co. American Metal American Smelting American Tel & Tél American Tok, “B”

Anaconda Copper Armeo Steet (new) Baldwin-Luna-Han Armour

Baltimore & Ohio Bendix Aviation Corp. Benguet Cons. Bethlehem Steel

Bocing Airplane Borden (The) Co Burroughs

23 143

36

World Rubber

Markets

Singapore, June 14.

there

GREEN BELT

Between each district, will be a "green belt" of trees and grassland. Within the dis- fricts, there will be plenty of open spaces. Each of the town's 20,000 houses, designed by Indian architects, will stand on. its own plot of land.

is

Oslo

Parla a compromise measure Stockholm which gives the President in West Marks

he powers that

the sought.-euter.

New York Sugar generat

Market

New York, June 14, World No. 4 sugar futures to- Fday closed 1 point lower to 1 The typical house, built of point higher with sales of 111 brick or hollow cement blocks, contracts.

will be single-storey, with a floor area of about 60 square

Domestic No, 6 sugar futures points

yards. It will contain two living-closed unchanged to 2 The rubber market opened and-sleeping rooms, a kitchen, lower with sales of 644 con-

throughout a shower or bathroom, a lava-tracts.

steady but eased

the day in view of the improve- tory and a store. Outside there ment of Singapore labour situa- will be 200 square

was fair buying garden

184

681

1872

1412

16

497%

525 14

tion. There

support at lower levels.

13971

Future closings were:

No. 1 rubber per lb.

June

3438

July

3044-1043% 102-1022

Aug.

unquoted

Nc. 3 rubber per ib.

Junc

594-20034

95-96

55%

No. 4 rubber per 1b.

June

Continental Oil of Del.

Conunental Steel

Cazadian Pacific R. Case (1, 1) Co...... c. I. T. Financial Corp. Chase Nat. & Man, Chile Copper Cliryster Motors.. Colgate-Palmolive Co. Commercial Credit Commonwealth Mec. Consolidated Edison

Corn Products

Crane Co ******* Crown Zellerbach Cuban Amer. Sugar Curtis Wright Diamonds Alkali Dupont de Nemours Eastman Kodak

El Paso National Gas General Electric General Food

General Motors .... Gillette Safety Razor Glidden Co. ........................ Goodrich (B. T.) Goodyear Tire

2011

897%

No. 2 rubber per lb.

June

Spot rubber unbaled

Blanket erepe

No. 1 pale crepe

NEW YORK

9212-0012 10424-105 802-001 108-100

yards of

which, for three-

World" futures held steady on routine dealings between trade quarters of the year. Will also interests. Evening-up operations in the nearby July delivery, be available for living space.

prior to first notice day next House and land will cost Monday, dominated

in the about 8,000 rupees (about £500 active trade pounds sterling).

contract. Futures:

Contract No. 4 (world),

Ņ

Contrary to the method adopted by the French architect, La Corbusier, for the new Indlan city of Chandigarh, people of all classes will live in each district. At Chandigarh, a state capital, different areas are sct

aside

the different

for

July.

September

October

March

May July

September

the more

domestic

Spot-cente per in. fob Cuba

Futures today closed 86 to 115 arades of workers and officials. Contract No. 6

points lower with sales of 251 contracts.

Even at Rourkela, however, the well-to-do will be grouped together within each district.

Each district will have its own communal buildings, such. as schools, kindergartens and

will also be shops. separate city centre, surrounded 31 staged a good recovery from the by its own "green belt." Here

Front-taking by Monday's $4% brayers and increased hedge sell- 1001 ing plus the lower London mar- 731 ket kept the "market on the de- 4099 tepsive,

although the prices

161 lows before the close.

$77,200

498,500

583,200

62

0.800

233,800

6.500

155.300

Heyden Chemical

Homstake Mining

4.700

4,700

401

Inland Steel Co.

77

5.500

107,000

24.000 2,240,303

Int Business Machines

Int Harvester

3932

International Nickel

113

NEW YORK

New York. 14. Prices of falures closed today as follows:

of the Order's headquarters in as follows: Bonn, refused to comment,

341250

$4.00

34.17

International Paper

Int'l Tel & Tel John-Manville Că.

Kansas C. Power & Light Kennecott Copper

Lingett Meyers Tob. Co. Lockheed Alreraft

Loews Incorp..... Lone Star Cement Co. Minnesota Ming

31.25-22 Montgomery Ward ....

National "Distillers

National Lead

Olin. Mathieson

"Exchanging

Di

There

there will be the male ad- December ministrative buildings, a hus- contracts for physical rubber pital, higher schools and cul- Dalong with dealer intra-changing tural and sports facilities.

af Dec.-Sept. and March-Sept 2714

contracts

another provided 30% feature.

The spot market ruled dull

441 Dealers reported increased

21

63 Eastern shipment offerings but at

unworkably high prices,

No. 1 Rss were quoted at 314 40 cents a pound, nominal. Futures;

to

FEEDER ROADS

the

areas.

ri

July

August September November.... March May

ex-duty)

5.30

Undied Press.

Singapore

Stock Market

A circular road will alongside the works and through the town, by-passing all tho

Singapore, June 15. Brokers today quoted the fol- community

From this main road, feeder roads willlowing stock prices: Spot Tun

Opening the squares in

Batu Lintang Rubber, Co., centre of each neighbourhood.

$ 1.52 Borneo Petroleum Power-driven vehicles will be British

34/Ed Syndicate **** restricted to the main and feed-

Consolidated Tim Belters roads. Bicycle paths, to be

33/64 Ord.

41.85 completely separated from the Fraser & Neave Ltd: Ord.

Fraser & Neave Lad. 75%% motor roads, are also planned

$0.35 cum pref al theraPYAAR Trams or buses will take the lengkong & Shanghat Bank- workers to and from their jobs Cou

$820 7/30 the Hongkong Tin Ltd...

Kempas Ltd was uncertain. by way of two passer in No, 1 Rss spot were quoted at /ils It has also been sus Lunas Rubber Estates d

that the German Alweg Mayan Breweries pence per lb. Prices:

engrail train systent might be New Serandah Rubber

LONDON

market

31.90-05

34,58

33.10

e

U

32.40

Spot July Oct.

213

Mcasamin Chemical Ca.

Dec.

May

Mar.

34.19

7914

July Oct.

34.59 33.30

National Cash Rex.

21

35.00-13

July

New York Central

Sextember

NEW ORLEANS Prices of futures closed

December

Otta Elevators.

70

March

Pacific Gas & Elec.

today

Pacific Western Oil

May

Pan American Airways

22095

A

Spot

July

34.99 3411-18 Parka Davis Co.

Paramount Pictures

44%

house

member of his household, how- ever, speaking in the Prince's

which

Oct.

3627

Pean Salt Co.

4912

Dec.

34.37

Penny J. C. Co.

contains

old

Mas,

34.28

Philips Petroleum

33.45

May

Procter & Gamble. Co.

32

July

32.95

Pittsburgh Plate Glass

Settlement house terpuj

37.90

Radio Corporation

July

304-305

Reo Motors

152:

Aug.

301-309%

LIVERPOOL

Repubile Steel

47

Sept,

302-31

Shell Oil Co..

July

30%-30%

American

Sinclair Oil

Oct.

28-2-297

lb. were

Socony Vacuum

589

Jan Mari

2724-23

Southem Railway (Com.)"

Apr./June

Standard Brands

June

July

the

Hohenzollern armour and war said that the Prince trophies, had read the Movement's news- paper:

One member of the House of Hohenzollern-likely to have no

Future closings, middling, in pence per more than academic interest in as follows:-

new movement is Prince July/Aug/ net Ochov, Ipuls Ferdinand's

youngest Dec./Jan. brother, 44-year-old Fritz, who Mar/Apr.

married to a member of the

May/June wealthy Irish Guinness family. which has farins at Little Had- hem, Hertfordshire, near London. He spent

the wor

31.17 Bandard Dil of Cal.

30.33 Standard Oil of Ind., 30.16 Standard Oil of N. 30.04 Stockley Van Camy, 29.03

Studebaker-Packard

Swift & Co. Texas Co..

rutare closings, in cruzeiros Union Carbideway

US. Cypurn 39.92 23.40F. 8. Line Co. 24.20U.S. Rubber 360 U8. Smelting 33.50 US. Steel The average spot price in the Warner Bras, wife of MrClyde Harris, an U.S. was unavailable. Sales at Westinghouse actric architect at Amarillo, Texas nine designated markets totalled West V, Pulp & Paper China Mail Special.

6,323 bales.-United Press..

SAO PAULO

Britain

Mr Mansfeld

years in per kilo were as follows: under the pseudonym.

July

Clos

Louis Ferdinand's sister, Cecilia,

In a similar position is Prince

- youngest

Dea

May

who is now the

United Aircraft

Woolworth

23

Press

The

General markets, if basis, porta:

30-3014

· Aug.

thick fung

Estate Crepe

thin

283-2

unquoled

AMSTERDAM

The market was irregular. Prices closed today in guilders per kilograpune, cif July was follows: "

No. 1 rubber. No. 3 rubber No. 3 rubber No. I crepee

12.08 mom. 225-1 3.30 nom. nited Press

purpose

used for this

To keep the town's water Ranas Hotel

cool, the plan provides for two south British Insurance Co., concrete reservoirs in man-

efficiency

- Į Petaling Tin, Lidi

Singapore Cold Storage

Lid

Straits Trading

Straits Steamship

Uniled Engineers Ord.. Wearme Bros.

cal

Who

Windy taxdi {-exdiv.

1.80

1.10

3.307

$4.10

140

$2.354

$ 1.50

the New York Foreign

Exchange

mado caverns in the hillside,

Works

and steel- On the town works started recently,

Herr Steller believes that the buliding of this modern town which, like the steelworks, iz expected to take two years, eventually improve

of the workers Five in it

At present, the average Indian steelwork, is far les productive than his Western counterpart, "At Rourkela, it is Erigland thought, kis surroundings and way of life will · gradually | Amtra attume, him to the pace of the New 'moderri?" age China Mail South Africa

Special.

EVERETT

Landon

2,751

1084

190.40°

Othe were FreeL

unchanged.

LINES

EVERETT ORIENT LINE.

'Fast Regular Freight. Refrigerator Passenger Servicp

Loading for Bingsport, Panang, Rangoon, Calcutta and Chittagong.

"NOREVERETT”

"BRADEVERETT**

*LENEVERETT

"XEBEVERETT"

Arr. June 20

Sails June 20

-- July

10

-- July 12

-- July

29

13

July 30

-- Aug. 2 - AUT

Loading for Eōbe, Osaka, Nagoya, Yokohama.

"BRADEVERETT"

"LENEYZIKYT

"REBEVERETT"

#NOREVERETT'

June 19 AYT.

Sulis June 20

*** Jely 2

July

3

2

Aug, 20

July 20 -July **Aug 19 LIMITED PASSENGER ACCOMMODATION.

All the above subject to alteration without notice.

EVERETT STAR

LINE

FAST REGULAN YHEIGHT REFRIGERATOR SERVICE Loading for Singapore, Pert Swettenham, Madras, Colombo, Bombay, Karachi & Persian Gulf Port.

In Port Loading Salis Junë 16 "STAR ALCYONE"..

“STAR INTELGEUSE” "STAK ARCTURUS" *THAI"

Art, July

17

-- Aug. 8 Aug. 22

- Sept. 24

**** July 18

***pon Aug.

- Aug. 23 -Sept 15

Loading for Kobe, Omaka, Nagoya, Tokobama

LAO"

"Arr. June 11

"STAR BETELGÉPSET

Juls 10

“STAR ARCTURUS” "THAI

-- Aug.

July 28 18

"STAR ALCYONE"

Salia June 18

' 12' 11

July 27

Sall Aug.19 Sept.1 Sept.

LIMITED PASSENGER "ACCOMMODATION. All the above subject to alteration without notice.

EVERETT STEAMSHIP CORPORATION S/A Cincorporated in the Ripahile of Panama

with Zimited Liability) --

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

MESSAGERIES MARITIMES

FO. Box 53

FAST PASSENGER/FREIGHT SERVICE

"LAOS"

“VIETNAM”*

Häing (Tel: 26631

Balling June 19th sailing July 17th

FAST REIGHT SERVICE

"BIR HAKEIKH "MEKONG"

Balling June 25th sailing July 7th