Russian Hotel Staffs Learn Languages
English is The
Most Popular
Moscow, July 17.
A foreigner staying a
THE CHINA MAİL, MONDAY, JULY 18, 1955,
TRADE
and
COMMERCE
SECTION
UK MUST FACE PROBLEMS London Investors
Russian Botel is likely to be NEW YORK
stopped by a member of the hotel stuff and asked if it is goul English-or French, or German-to say: "The workers are oppressed in
apitalist countries,"
.
The hotel employee does not, however, mean to be offensive. He is simply interested in the of the Krammatical accuracy sei.lence. It is all part of a campaign for hotel staffs to
var foreign languages.
EFFORT TO LEARN
STOCK
MARKET REVIEW
..
By Elmer Walzer
New York, July 17. Stocks turned upward
again after a 10-point cor- Recently, staffs in stane Mos-rection in the industrial! caw hotels run by Intourist, the Soviet tourist organisation, Inve been making big efforts
languages. learn
to
maids, waiters and
Floor waitressts,
of
as well as, senior members the staff, are all encouraged to choose a language to study,
average.
The rise in the major groups Wits led by the railroad division which was exactly what the chart experts had hoped for.
There was nothing decisive
recovery
about the decline or about the that followed. Each was recompanied by light turn- over
But Infurist offelals say that thers IN BO speclub drive in
Sales for the week totalled progress. Any member of hotel slofts liable to have to speak to 11,600,083 shares. Daily average foreigners has always been sup-volume was mere 2,321,336
used to know at least a little of some foreign language, they say,
ذا
Must poutdor language 15 English, which a widely taught in Soviel schrapts, followed
French is rather less German. invoured,
while a few people also study Swedish. Italian Czech.
or
comme to the hotel of Foreign
Teacher's From the Ministry
Trade,
of which Tatourist
can
, to give classes to junior members. Senior members to the Ministry and take profcippey certiflrates, for which they
-qualify
every four years
IN SPARE TIME
Many people also stuly during
their spare time
But the exercises translate strike
in the hotel.
which they many foreign-
who are often asked
them.
correct
as incongruous and of no use in hotel work,
"The Tynical sentences are: imperialist aggressors are pre- paring to unleash a new war against the Soviet Union?" "The lot of the workers in bourgeois countries is becoming inereus- ingly hard "he Soviet Union is struggling for peace against the
the Innoeuvrej of
capitalist China warmongers."
Mali
Special
Missions For
stores, against a daily average of 2,801,372 shares in the four- session week preceding.
Railroad shares closed the week at 159.17 in their average, rise of 1.52 points. Indus- Trials were down 0.05 point at 480.23 and utilities showed u gain of 0.30 to close the week
55 15.
The market rore on Monday and then fell on Tuesday
រ៉ាវ Wednesday. rising
Thursday
artnin
and Friday. The Thday-Weditesday lip re- Heel: d ration on the part of traters who bad been warned that the market was facing
betantul pellolt as a correction after the recent rise to a recor:i high in the industrial average.
INDIVIDUALS
Workers' Restrictive Policies Are
Cutting Own Throats
From Our Economic Correspondent
.'.
A
London, July 17. Nature has its own way of dealing with irritants. grain of sand slips into an oyster shell. It is uncomfortable for the oyster. But old Mother Nature comes to the rescue and covers the speck with a protective coating and-Hey Presto!-a pearl is born.
The human mind gets the same sort of treatment. The irritant this time is a nagging fear of something or other. To protect itself the mind erects a barrier of wishful thinking. Few intellectual pearls are born of this. More often a psychologist is called in to demolish the barrier, root out fear, make the patient face up to it and conquer it.
N.Y. COTTON
MARKET REVIEW
problems.
arc
to shut out For presumably
slumps the nagging fear of
full which make themselves even at the apes of a boom too many Britons are grasping at the idea that the United States heal the has found
a way slump bogey.
Ceylon-Spanish Trade Pact '
Madrid, July 17, Ceylon's Minister of Commerco Mr. Shirtoy Corca arrived here by plane today to negotiate a trade agreement with Spain,
Hr way
welcomed At
a
d
the airfield by Spanish political amelals, Mr Corea
preceded wag
by Crylonese delegation which has already opened the talks.United Press.
HONGKONG
STOCK EXCHANGE
Refuse To Take A Hint
From Our Own Correspondent
London, July 17. Momentum behind London's Stock Exchange boom was amply demonstrated. Inst week. The news which should have theoretically had d.cidedly sobering effect passed virtually without notice. The news of higher coal prices with their obvious effect the competitive industry ability of British industry, poor overseas trade figures for the preceding month and £100 million gas stock issue on a not over absorbent gilt-edged market all were, received with something like equanimity.
on
How strong the boom, is was the previous pent of a weeke born out by the dealings figure cartier (220.0).
at the
beginning of the week The crest of the wave con- when conditions were at their ditions as usual attracted new least settled-16,742 compared issues into the market, น facti with 15,912 a week earlier. which will in the long run alow For the first two days of the down the rise by absorbing some week their effect
was manifest of the money behind the upward (From Our Correspondent) in a gentle downward swing in push.
| both_181-edged and industrinis. Business done on the Hong- By Wednesday investors were Presumably, basing its com- kong Stock Exchange this mon- romping ahead again to send CANADIAN' TEXTILE
on the succesful hand-ing mounted to $877.755. Neon gilt-edged souring smoothly and Ameri- quotations and the morning's industrials fairly clumbering
and transactions:
upwards, Stecks, olis and coppera
·
#
Cosy
כי הים
pocks, ETC.
HARDLY NOTICED
MILLS
Montreal, July 17. Activity in Conndian cotton textile mitts during June show- Even Wednesday's sharp break ed a decline from the previous Wall Street was hardly month, the Cotton Institutc noticed. The only real evidence Canada reported today.
of
of it was the lightly lower A total of 31,398 bales (500 opening on Thursday of a few lbs. each) of raw catton were stocks bought on Amorica's sc- opened in June, compared with count and they soon perked up. 33,230 bales in May,
The
signs
abroad In 1
in ments Britain.
elsewhere and
that matter-thutting of the threatened Europe for
psy can recessions in 1945-50 yerl of economic Some
the report
conceded chologist is going to be needed | 1953-54.
"the to that
effects SHARES BUYERS, SELLERS SALES Weat up too. secondary to make Britens face up
which
an ordinary BANKS may turn contraction of business into
HK Bank Enst Asia deepening depression" could be forestalled.
Now thought. at night to ask yourself what would happen if slump came, That's old stult. Why. the Government will simply estab Ish conditions which
the GAINED CURRENCY
"will The idea has gained currency words of the BIS
report following
make the publication
it possible
smoothly to the annual repert of the Bank overcome dimullies that arise
International Settleme in a business depression.” Albeit cautiously, the
The big danger here is that At Friday's close the list ruled accepted the view that business this
of an notion
economic 27 to G6 points--51.35 to $3.30 might contract periodically but
panacea is more than every a bale-lower than last week's acute slumps could be avoided man's idea. It is galning ground closing prices,
by the employment of appro- | in
some fairly hardheaded quarters. Liquidations of the expiringpriate policies, July contract was the market feature in the early part of the week.
New York, July 17. General selling in cotton futures on Thursday drop- |ped prices sharply lower for in the week moderately
It was a market of individuat jactive dealings. ucrformers rather than a con- certed rire or decline
in any Session.
Some groups did well, how ever, in addition to the rails, The chemicals stood aut largely because Du Pont rule: strong at Emcs. Even that moment was de- ceiving, Du Pont 1051 044 points on Wednesday and gain- edcn Thursday. It
added another 22 Friday and ciced the week at $233 exactly
where it nished a week is.
Generally the business news was regarded as highly tayour able for the market. Also it was reported that heavy investment demand was available to stem any selback,
ON
Traders were
unwilling
10
"
The market was narrow and mired early with most of the activily centred on the expiring The old July July contract. delivery showed (1 continued decline in liquidation until it expired at 12.30 p.m. EDT on Wednesday.
TRADING RANGE
sell the market heavily as the 33.27-32, or 60 to 03 points below It in trading range was Geneva conference approached.
Irish Catholics Many regarded market reaction fast Friday's closing price.
London, July 17. The Irish Catholic Church has amouneed that it will establish a series of missions in England and Wales to Irish-born help the 80.000 Catholics living there,
21
announced i5 This was letter
Cardinal- John from D'Alton, Archbishop of Armagh and Primate of An Ireland, which was read in all Catholic churches Ireland.
The letter referred to "the truly terrible dangers confront- ing young girls who go to the cities of Britain without having employment alromky arranged or o good friend to meet them,"
It warned: Evil persons are on the watch to meet and drag you down to the depths."
The letter appealed to parents to head the warnings given by "those who have actual know- ledge of the sad histories of soma of our girl immigrants."
The missions in England will be established first in London and Birmingham, where there is the greatest concentration of
for
of
U.S. Textile
Markets Review
מרכז
.. 1020 2434 INSURANCES
1020 that is a
Lombard nice
Underwriters 01.20 No more starting upisHIPPING
Waterboat
Nav
3. Wharf Dock Provident (0) 15,00 15 1250 15.40
Wheelock
6 1820
ON
1X 57
... 21.10
75
21.30
9
1000 R 45004
LAND, ETC. UK Hort UK LAG itunphreys
17 17.20. 1000
72 900
1
. 16.70
13 560
1500
ita
And all this is based on the United States avoidance of couple of slumps and continu- ing postwar prosperity Britain and Europe,
CLOSER LOOK
to
#f
Realty UTILITIES
1500 1512
The current feeling is that if The Institute said uncertainty
the
the motivating factor of 9.60 54000 upswing is inflation then it is
5000 9.45 a very gentle one.
.... 2.40 2.45 8400
with which the Industry has
A notable operated under pressure of im
50 fact is that industrials and git- ports during recent years was
9.53 edged are finally moving in step 17.10 and though the rise is steady and there is nothing dramatic broad 19.79 about it.
༦
18.00
2.433
24.20
Tram 24.10 24.36 1550
131 165 Star Ferry. Yaumail Ferry 120 121 30" 120 C. Light 100 1500 22.10
$103 22.20
17.40
432300
4244
C. Light (N) 17.33 17.80 500 Electric
423
344 345300 34
Macau Elec. 10.00
Tule phone
INDUSTRIALS
Cement
think
Hope TOES, ETC.
17
I would be nice that these facts were entirely duc to the genius of inter- national economists. A closer
look, however, shows that European prosperity has sprung ¡largely
from America's will- New York, July 17. ingness to pour out dollars, a Improved sales featured at which permitted economie to continue every most sections of the cotton expansion
the time it was threatened. of the market textile markets over hears took fright
Now let us have a look weakness in July past week, with scattered how the conference ap-
America averted that adjustments in threatened slump in 1953-51. reached and some of the buy- until it declined to a carrying upward
that charge discount under October
According to ing
that developed
the BTS report session was attributed to short ground.
was stimulated by that recovery was achieved by maintenance of current purchas- covering.-United Press.
to its sessions.
Tic Friday as
it
Production
on
The balance resisted the
prices.
Demand
Dairy
33 324 6400 d 3224 300 17.70
2321.20 2000 23.10
Watford 201 COTTONS
Textile Corp. 8.10 8.20 Nanyang MISCELLANEOUS
Yanktsze Alled
1000 23,20
2430 23.10
2700 1415
0.40 m 500 3.45 7.10 7.20 5007 5.40 5.70
Singapore
Following the expiration of rising confidence in the distri-ing power, helped by liquidity of Stock Market
covery.
HCS
freer Export Of Food
Will Be Big
Problem
Birmingham, July 17. Food production will probably be mankind's major problem in the not loo distant future, Sir William Hogg, Director of the Rothamsted Agricultural Ex- perimental Station and President of the Society of Chemical In- dustries, told the society's
annual meeting here.
. The present population of the world was about 2,400 millions and it had been estimated that in 60 years time even allowing for extension in birth control ji
Irish Immigrants, but they will might be at least 3,500 millions.
later be extended to all dioceses In England and Wales, China Mail Special.
{
Helicopter
Rescues
Swimmer
Scheveningen, Amsterdam,
July 17.
A private helicopter dropped iis advertising banners and then
down to swooped surface of the sea here to rescuă
the
a 47-year-old German, wothan
who got into dimcuities while swimming in rough 2008.
To provide food for this in- treased population M present levels of nutrition would involve an increase in agricultural pro- duction of about 50 per cent, he Rald,
In addition it was estimated that nearly two-thirds of the world's population was nt pro- sent underncurished. if this was
The heavy lesers, new Octobce
and December, also were affected
expectation
Osaka
Ord.
July the market made a fale re- buting trades, increased forward
economy and what have been and buying.
of called
"built-in stabilisers?" higher prices from legkilation 10 These latter included increased
Singapore, July 18. On Thursday, however, weak-raise the minimum wage
Brokers
the social service payments, afri-
today quoted in
reflecting $1.00 an hour. affecting Liverpool
cocultural price supports, sustain following stock prlees: aunours from Washington of a siderable numbers of mills and
July 18 ed and
even increased budget
Opening a especially the garment trades. policy caused
spending, easy credit policy and Market continued concerned a taxation system that kept in-
Batu Lintang Rubber general selling which dropped
Lidl..
31.67 over Increased prices as much as $3.50 a bale.
imports comes ahead of tax liabilities. British Barnea Petroleum Japanese cotton textilés. reports shipments for first half question has to be answered as
Syndicate not all. The consolidated
*45/- Hurt that was
Tin
Smelters
34/ of the year of 45,000,000 yards, to whather These by reports of lower supports on and bookings for Inst
measures Fraser & Neave Ltd Ord. $1.73
but half to would have been effective
Fraser & Neave Lid 150 the basis of a one Inch party date
$0.03 of 50,000,000
cum. pref agalost for external circumstances. For Itanong & price.
Banking Corp. Oficials of the export cotton 48,000,000 in Imports for the full instance, at just about that time
Hongkong Tin Lid. Europe and the sterling area advisory council met with the
Kompas Lic. were pulling out of a depress- LUKRA Hubber Estates Lid. Department of Agriculture on
this ion and
particular cir- Malayan Breweries Wednesday, but results of this Meanwhile, the Senate Finance
for New Surandal Rubber Co.
Lu meeting mee not expected to be Committee approved the Thur-cumstance allowed demand
American exports to be SUB-Potal Tin Lid. announced for while yet.-mond resolution backed by 48
บ
tained and Bhus helped to Haffies, Hotel Tarif United Press.
senators, directing the
stabilise world commodily Singapore Cold Storage
South British Insurance Co. Commission to keep close watch
Lid. on textile Imporis and be ready prices.
Couple this to the fact that Straits Trading at that time much, still remain- Straits Steamship ed to be done to cure Europe of United Engineers Ord.
Wearne Bros. nd carded broadcloths was reits World War 11 hangover and *.cumdiv.
for the week at firm that ported
rearmament intensifted Special. prices. Sheelings showed better and created boom conditions
are left
wondering.
Postponement
Of American
Legislation
year 1954.
io act.
CLOSE WATCHI
Fair volume of print
on
cloth
to
91.501
evident from half-year totals,
the Brst six months of
In
this
during the same period of 1954,
year, 100,373 bales were opened compared with 152,808
Despite the lack of drama the Financial Times industrial index 193,884 in 1853, 101,270 in 1952 showed on
1931, United at and 257,025 in Thursday that 2208 It had topped by a fraction Press
EVERETT
LINES
EVERETT ORIENT LINE
Bervice
Yast Regular Freight Refrigerator Patranger Loading for Singapore, Penang, Kangoun, Calcutta, and Chittagong>
“BRADEVERETT"
"LENEVERETT“
"REBEVERETT"
- “NOREVERETT"
Landing for Kobe, Omaka, Nagoya, Yokohama.
"REDEVERETT”
"NOREVERETT""
"BHA DEVERETT"
"LENEVERETT”
In Port Loading
Sails July 18
Arr. Aug.
1
-- Aug.
2
Sept.
*
~Sept.
a
Sept. 20
-- Sept. 21
Arr. Aug.
AUR. 23
10
Galls Aug. 11
---- Aust. 24 B Sept.
20 -- Sept.
---- Sept. 7 -Sept. 22
LIMITED PASSENGER ACCOMMODATION,
All the above subject to alteration without notice.
EVERETT STAR LINE
FAST REGULAR FREIGHT REFRIGERATOR SERVICE
Loading for Singapore, Port Swettenham, Madras, Colombo, Bombay, Karachi & Persino Gule Port.
"STAR DETELGRUSE”
Arr. Aug. 10 Sallo Aug. 17 → Sept.
-- Sept. 21 - Oct. 15 -- Nov.
-STAR ARCTURUS”
"THAI "
- Bept. 10
-Bapt. 20
"STAR ALCYONE"
- Oct.
$28.00
-- Oct.
14 31
$24.4
$2.20 China Mail
Statement
buyinga. and you converter Drills, twills, satecas and What assurance is there that the The Bank Of Franco osnaburgs advanced on improved sante act of similar circum- Baics,
stances would be around Fine goods demand was good. back any future anti-depression Coloured yarn goods and domes-measures? tie moved well, with work cloth- President Elsenhower hasing fabric re-ordering strong in agreed to a postponentent until anticipation next year of legisintion
Washington, July 17,
STOP-GAP Even if the effectiveness of which advances. A good business was these outlined measures is con-
of future price
would authorise United States reported in Corduroys, Velve- ceded the worrying fact
fremains that they constitute Total other curren-
.
Dealings in
Manila
Paris, July 17. The Bank of France slate- ment for the weet ended June 30, reads as follows:
France 201201.001.420 still Total gold holding
14,008,137,420 membership in the Organisation teens sold subject to stiff can only a stop-gup. a finger in a Sight balance abroad for Tradic Co-operation, the petition of lower priced Japanese dyke.
In EPU
184,742,312,556 White Heure announced.
imports,
The problem facing Britain's Advance to Stabl- The OTC has been proposed
lication Fund 201, 106.900,000,000 hemp economists is to bring this home Total blil to be remedled the total increase to carry out the International slackened after recent large buy- to public opinion. Only for so counted In food supplies necessary in 00 General Agreement on Tariffs ing. years time would be something and Trade..
Prites ware firm with Dave long cart a nation be feather- Bank note in elf It would seek to 1 up % cent on the week. Stank bedded against economic batter-
cufation Current like 70 per cent-China Mail
police more than $0.000 con- was well sold, with British. Easting. At some time or another
and déposits Special.
eessions granted GATT.
African up cent to 1⁄2 cent, the basic problem has to be The President's agreement to Haltians dull and unclianged. faced, And the answer is un- postpone action was disclosed in
blunt greater Both and flament yarn, comfortably U.S. RAW COTTON an exchange of letters between raportetries were quiet over efficiency, more work and a The Bank Of England
the President and Chairman the week.United Press. Jero Cooper of the House Ways
by
EXPORTS
Row cotton
and Means Committee.
R.A.
ACCOUNTE
1,125,185.107442
2,044,307,197,442 134,329,050.307
United frem.
Statement
Loading for Kobe, Osaka, Nagoya, Yokohama. *STAR BETELGEUSE" 'Arr. July 19 "STAR ARCTURUS"
TAI" *STAR ALCYONE"
Baily July
Aug: 13
20 Aug. 14
-- Aug
17-
Aug. 28
--
Sept, 16
Oct.
Sept. 17 ****, Oct. IIMITED FASSENGER ACCOMMODATION,
All the above subject to alteration without notice.
EVERETT STEAMSHIP CORPORATION S/A (Incorporated in the Republic of Fanama with Limited Liability)
› Chinese Department: Telophone 28293. Queen's | Building,· Telephone 31206.
MessageRIES MARITIMES
P.O. Box 33, Queen'” Building Maru: 26687
FAST PASSINGER/FREIGHT SERVICE.
17. sailing Aug. 18th-
salling Sept. 10th
sengo of responsibility In In- dustrial relations, on which "the ** [frik, two factors depend, Now York, July 17.
Chancellor, Mr The The President said,he shared,
Lótidoh, July 17, exports by Mr Cooper's view that it would desintions as reported in beles be ill advised to consider the
recent Industrial unrest is any mont for the whole ended July "LAOS" the New York Cotton Ex- OTC legislation at, this late dato Dupetje” wat, desi in the local yardstick the bulk of Britain's 13, atentie na follower rat chanzo for the 1034-35 season in the current Congressional Unometa
hack workers are not. Note in circusations
Starling The woman, Fra 11, Adrian, to July 12 were as follows:
dession
mornier at the folowing, ratest-g
DAI Gomalow someone he to of Sollagen grabbed the Beli-Britain
· Pubílé "dépoMKUF convince the people that they printesesoria The President also said that QUILLE, DERBY Continent copter's", "wheels and it towed
Contralohal approval of the Autol nebo of: 1928 and trinit chesthary & gard" of overhunen
„Australian,
1120: their restrictive policise to out Others securities. OTC bill was of vital import Indonesian rupiah, ((per, 1009
33.69. their. Own throate. Pa1. 13 thore. Receipta ance to the United States and cale per 100) Singapore (3 Gratta) ** the free world...United Press. Indo-China `blautiwa thar, 100)
m-genius ki the 'izousə?
Exchange Rates Butler, is aware of this. If the The Eduke of Bigland stato "CAMBODGE
1 her back towards shore where'
#policeman
completed the Total for weapon?
** Game period last years
wxcluding Ustéru.
rico-China Mall Special,
424.277
exeliange
'FAST FREIGHT SERVICE
"DONAI", "MEINAM"
Sailing Aug, 18th sailing Sept. 21st
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