1955-07-20 — Page 9

Malaria Scourge In Pacific

Melbourne, July 19.

One of the difficulties facing research workers , Aighting the mularia-carrying

THE CHINA MAIL, WEDNESDAY, JULY 20, 1955.

TRADE

and

COMMERCE

COPPER PRICE REMAINS SPLIT

mesquito in the islands of NEW YORK

the Bouthwest Pacific is that

no check can be kept on the number of native victims contracting malaria.

This in one of the findings of after Three

a scientist who,

mon

£50 Difference Between

STOCK Rhodesian

MARKET

New York, July 19, Stocks turned down again today.

The decline was a modest one from the standpoint of

years survey work in Papua, New Guinea, thith, Sole.

Islandu, Now Hebrides, Netherlands New Guinea and Northern Australia, has called for a campaign to educate local administrations to check the disease and also ask for the granting of more money for re-activity. search.

He is Dr Robert H. Black, an authority on tropical diseases at the School of Public Health and Tropical Medicine, Sydney, and a member of a medical search unit during the recent War, who has just completed Arst section of a comprehen- the sive report which he undertook for the

Pacific Com- South

1 mission composed of the govern- ments of Australia. France, the Netherlands,

Zealand,

New

Britain and the United States.

He showed in his report that until malaria is brought under control it will continue to kill

and adults, bables

the vilality of indigenous peoples, restrie. local economic develop

emigra- ment and prevent the

Kay

tion of non-indigenes to open up vast untouched resources.

The

carrics

POTENT FACTOR mosquito that malaria could also be a potent factor in loss or victory in a war, he said.

Dr Black's report said that It had been stated that one of the min reasons why the Japanese did not reach Port Moresby was malaria casualties the heavy

which they suffered.

Going back further, he said Aus- that in the 1914-18 war tralian troops suffered severely and the lesson was learned that not an effective quinine

was suppressive drug unless taken in amounting to continuous

closes

therapy.

the

In

In

Austrolion and

Came

second world war Allied troops were to learn of the inefficiency of quinine. When atebrin be- avnilable a very large Indigenous population was able to live in the highly malarious aren with very low incidence of malatia,"

Before

effect,

it showed its fult however, the taking of daily suppressive stebrin had to be mace a matter of military discipline,

In the latter part of the cam- paign United States forces were able to discontinue suppression because mosquito inrval control had been gained in some bases, Aus- The thoughts of many tralinns

emigration concerning to New Guinea, Dr Blacks rald, were vividly coloured with re collections of unpleasant wer- time experiences, Malaria was one of the chief factors which influenced them against return- ing to the islands.

In an assessment of the socia1 and economic effects of malarin the Southwest Pacine,

that it had been

1

said Black shown that personal prophylaxis by Europeans using antimalarial drugs can be successful if there sufficient selt, and family, discipline.

is

There was little real pressure, but available offerings were enough to bring prices down a point to more than 2 points in many lenders.

Turnover totalled only 2,300,- 000 shares, compared with 2,- 100,000 yesterday.

Organisations

London, July 19.

Rhodesian copper remains at a split price: the Rhodesian Selection Trust group supplies its regular customers at its fixed price of £280 while the Rhodesia Anglo fluctuating American group, selling on the basis of the London Metal Exchange price, has been getting about £50 a ton more.

So long as the RST goes on selling at the fixed price, or indeed at any other than the LME basis, the split is likely to continue. The Rho-Anglo group is undoubtedly aware of the case for price stabilisation in principle. Market conditions since the RST introduced its scheme must have reinforced Rho-Anglo's views, expressed earlier this year, that a fixed a point or more in price scheme for copper is simply impractical in present

conditions.

Industrials lost more than 3 points on Average, reflecting losses of more than 6 points in Du Pont,

Bethlehem Steel, US Steel, Chrysler, Procter and Gamble, Standard Oil (NJ) Texas Com

pany

Rails lost more than point on average.

with a

Utilities were firm, small average gain.

Of a total 1,100 issues traded, there was 601 lower, 351 higher.

Despite the preponderance of deelines, there were numerous strong spots,

H. J. Helz, following a record carnings report, soured more than 3 points, Seeger Refrigera- tor recovered more than point of the recent loss which followed announcements of its plans with Whirpool merger and an RCA affillate. Whirpool jost almost one point.

Steel shures had losses tang- ing is more than 2 points in

and Tube: Youngstown Sheet with Bethlehem, US Steel, in- land,

Oils were poor performers, Sperry Rand,

The RST scheme seems to sells both its gold and Its din- bave created at least as many monds

stabilled prices.

at

World Cotton headaches as it has cured. Were Diamonds may be a special case,

Markets

Further

"being

will

of

SECTION

US Cotton Policy

Statement

Washington, July 19. The Agriculture Depart ment is preparing a publio statement on its cotton polley for the cotion- marketing year which starta on August 1, and may baue the statement this wook, authorities said to day.

The statement is likely to include some comment on what the Department plans to do about dis-

of the large colton pomal

on hand. surplus already

light ant and may throw export polloy. Observers are watching to sec ir officials will advocate an.

United export subsidy. Press.

HONGKONG STOCK EXCHANGE

(From Our Correspondent)

Noon quoiations and the morning's transactions on the Hongkong Stock Exchange: BA BUYERS SELLERS SALES BANKS

10 6 1000

ICH Bank .. 1880 1000

Waterboat

Union Lombard Underwriters SHIPPING DOCKS, ETC.

1470 BUIL 0.43

GA

21

3 185 10 6 1000

“TEXTILE COMPLAINTS

Senate

Approves Resolution

Washington, July 19.

The Senate approved unanimously today a resolution directing the Tariff Commission "to more promptly" investigate any "proper" com-

threatening plaints that textile imports are domestic industry.

There have been complaints that textiles from Japan are hurting United States textile producera. The resolution was sponsored by Senator Strom Thurmond of South Carolina and 48 other Senators.

In its original form the recession has been granted in

201 solution had directed in-trade agreement, is as a result vestigation of the speelfe effects of the concession being of "imports of textiles from imported into the United States

Increase Japan upon the domestic textile in such

quantities us to cause or threaten serious industry."

But the Tarif Commission injury to the domestic industry objected that "serious problems" producing ilke or directly com

petitivo products." - United Press

would be cnvountered in carry-

ing

out a resolution making specife mention of Japan,

The State Firanec Com-

mitice thereupon amended the London Stock Market

resolution "so as to requiro the Tariff Commission to keep cur-

London, July 19. rently informed av eath of. the. Stocks were highly irregular textile reduced in trade agree in acive dealings on this last ments and to remove

jon muy escape clauseumptly day" of the current accounts on

Investiga-the London Exchange.

Elon requested by the proper parties.'

PASSED

This resolution was passed by the full Senate today."

Noting that over a million Americans are employed in the textile industry and that various trade agreements have brought about "substantial, reduction" in textile tariff rates, the resolu- (lon directs the Tariff Com- mission:

There was considerable end- of-account realising, but at the same time considerable Infla- tlon-inspired buying with the resulting performance a rogged one.

For instance, Ford Motors lost 100 while in the same group Tiolla rose 101⁄2d.

In general, shipping shares and engineerings moved up,

Oils wero extremely active, Nearly all were off heavily al All but a few 1. "Ta keep currently the opening.

recovered substantially. Royal informed regarding the impact

Dutch, oft

ond 7312 K. What!

of nearly £1, of imports of textiles nad Dock

....20.15

1500 20,00

textiles products on the domes-Shell Transport, off 28 68, were Provident (D) 13.00 13.90 3000 1514

few which missed or among the 11215,4 tlc industry producing like or out on the afternoon recovery, 1000 15.60 directly competitive products, Gold and baso. metals were

and

prepared to 0.00 0.70 1400 12 9,70

narrow and idle, promptly on such investigations

Wheelock

it not for the obvious desirability but Anglo American is the pro- of holding the original xedenent of stabilisation for them.

C280 for us long as It price of

Sir Chairman,

Ernest has transformed it might well have been Oppenheimer, possible, raised before this date.

their market in the past genera- Indications are that both la- tion, precisely by insisting on New York, July 19.

bour and the royally-owners price stabilisation in fair Cotton futures moved lower (The British South Africa Wrother and foul, today In moderately active

Company

SIMPLE QUESTION insist un their

In copper the dispute is partly dealings.

The market was dull in early based on the higher open-over what is the real competi- dealings with price slightly market

price Instead

the live position, but mainly over higher on trade and commisson lower stabilised price. For la the simple question of what is house buying. Mc6!

Lovers bour, the "copper price bonus" practicable. It is no secret that INSURANCES stood aside awaiting Govern at present amounts to about 70 Rho-Angio

recent regards kat on a cotton pro- ment netion

per cent of the basic wage and maricel developments as show- ramme for next season.

it is diculi

the for

RSTing the difficultles rather than However, prices dropped be workers to agree to

accept

the feasibility at a fixed coppty low their previous close around tower bonus while their fellow price. Its thinking seems to be noon on liquidation which came workers in the aho-Anglo group as follows: through New Orleans and local are getting a higher one.

and cometimes unstable High traders.

ROYALTIES PROBLEM

have been caused mainly prices 'ond liquidation

the same prab by ove

overdemand

with Royalties

coupled anties poste in the afternoon hedging

Clem. Discussions have no doubt interruptions

Pro- of supply. International tended the losses with the selly been held with Chartered, and ducers

in one area cannot do Telephone, General Dynainles

were the day's attributed to a special story may still be continuing. To some much about thesc conditions. and US Sleet

columnist Washington

extent they may turn on the (One might go further, to pon- most active issues.

declaring the modity

In about 5 or definition of what is the price fler on how much could be done days the

Credit realised for copper. But it is by: Corp, will announce the release obviously dillcult for Chartered by a cartel of all the producing LAND, ETC.

treas, even supporing it were of all its surplus cotton on the to apply one basis to a half of feasible). world market to be sold the output and a different and

fixed by A price arbitrarlly between Aug. 1, 1935 and Aug appreciably lower basis to the the producers is invidious. They 1, 1956.

other half.

have to allocate supplies at it, AL 150.03 AL present, the Ccc

Rho-Anglo cannot have any and to amend it from time to UTILITIES bales 65.47 outright 1,050.000

and love of wide price fluctuations time. An awkward possibility is 105, 18 probably will own

another for their own sake, nor any de-thunt there might to two or more ils the 153.40 4,800,000 bales

1953 aire for prices to high and un-different fixed prices in a single Toons fail duc. Last year stable as to embarrass its cus- WATK

market, released only 134,000 bules. bamers and to weaken copper's į

below

the price fixed Market

say the

con-competitive position. Its parent prevailing market alters the re- templated release will have the company, the Anglo American lationship between the producing

pushing of

aiready Corporation of South

Atrlea, companies

C. Light (N) and (o) the share- 28d world cotton prices

holders, for their profits; (b) the 59% even lower. World collon

mineworkers, for their price bonus; (e) the royalty-owners, far share of

of the

price; and for its taxes on

American Stock Exchange volume was 670,000 shores.

New York Stock Exchange Bond volume was $3,400,000.

Dow-Jones closing averages

were:

30 industrials

20 rails

13 utilities

Au

B5 stocka bonda

Comm. future price index

Alien. Ing. Acy Allled Chornica is

Allled Mille Inc.

Allis Chalmers

American Airline

American Cyananite Co. Am. Mact & dry. American Metal American Smelling Am. Sugar Xef. American Tel & Tel American Tob. "R" Anaconda Copper Annoo Steel

160.72

by

Joons

37

2012

66!

31% prices

180

men

cwar

cent are 10 per now lower than American prices.

Trading volume and

penWorld Rubber thes

C012 interest in the Exchange today.

310,100

14,000 310,100

11.108 102,200

2,300

8.400

149,500 2,143,800 bates NEW YORK Prices of futures closed today

Armour

4224 1412

were:

Baldwin-Lima-llum.

133 Month

Baltimore & Oliko

479

July

Bendix Aviation Corp.

404

October

Benguet Cons..

1 December

Volume Open interest

45,500 27,000 408,900 28,100

SUB,000

Bethlehem Steel

100

March

24500

200,000

Boeing AirplaTIC

May

34,500

florden (The) Co.

July

Dr

Burroughs Add Machines

2014

October

Canadian Pacific R.

December

Care (J. Co.

1733

Total

C.LT. Financial Corp.

40

Cat. Traetor....

43

Celanese Corp.

Chase Manhat. Bánk

Chile Copper

480

Chryster Motors

na follows: 512

Spot October

Colgate-Palmolive Co.

201

December

Commercial Credi

031

March

Commonwealth Elec.

43

May

Consolidated Ellaon

DO

July

Continental Oll of Dei.

42

October

Continental Stei

December

Com Producla

281

Crane Co. ****

4015

Cuban Amer. Sugar

as follows:

Epot

October

December

March

Mav

HEAVY EXPENDITURE

The Intal of sickness and deaths of native peoples in tho bren was unknown but the cost of keeping a patient in a native hospital was a heavy expendi- fure on preventable disease.

Other paints in his assessment included:

Malaria interfered with the education of children and im- posed later health handicaps

Malaria contributed to mainu- in- trition by the denial to habitants

of certain areas of certain

methods of food pro- because

were source: of infection, or would provide additional breeding sites.

duction

they

Crown Zellechach

Curtis Wright

Diamond Alkali

Dow Chemical

Dupont de Nemours

Eastman Kodak

El Paso Naljonal Gas

Erbe Railroad.. Family Fance Corp. General Electric General Foods General Motors Gen. Pub. Um.

Markets

Singapore, July 19.

and'

which are particularly important in Rhodesia,

LESS FREQUENT

If, for any reason, the market.

3000 15.70

to be

House

nct

Brilish Government issues

as may be requested by the suffered another setback with President....either

of losses ranging from 2% to Congress....Or any interested £7/16.

2500 * $15

500 0.33

1500 0.453

1000 + 15.40

-3500

0.45

1030 9.55

3500 (4 9.53

party.

BK Hotel

17 17.10 7703

3.10

RK Land Humphreys Realty

... 7315 7315 1400

10.20

200 2.55 2.00 2030

10.20

10000 2,35

5000 2575

Tram ....... 24.40 2415 2250 g 21.40

250 0 DAN Star Ferry Y'mati Ferry 122 123 1300 102 200 @ 123

C. Light (0) 22.80 21,15 1040 & 27.70 1600 22.10 1500 tr 22.90

400 G

30

18 18.20 200 to 17.00

15208 2200 15.10 Electric ........... 444 4457 0031 44 4313 1000 $ 4394 1400 44 4000 44% Telephone .. 3312 357 300 351

INDUSTRIALS

Cement

Foreign bonds were quiet

2. "To determine, whether any end narrow-moving. United product

which upon

EVERE

a con- Press,

LINES

EVERETT ORIENT LINE

Fast Regular Freight Refrigerator Passenger Service Loading for Bingapore, Penang, Yangono, Calentin

Chittagong.

*

Kno

"DRADEVERETT"

In Port Loading Soils July

*

**** 3215 3231 1500, 351

1000 1234 4500 321

"LENEVERRTT"

Arr. Aug.

AIR. a

"REBEVERETT"

Sept. ย

Sept.

8

Rope

Dairy

17.70 10 ....... 23.40

-- Sept. 23

Sept. 24

Watson 3016

21234 23.20 1000 or 23:30 1000 15.00

Arr. Aug.

35

"NOREVER STT"

Алд

10

20

Salis Aug., 11

AUR. 27

"ORADEVERRTT"" "LENEVERETT"

7 - Sept.

Sopt.

A

Sept. 24

price fell below the fixed price, STORES, ETC. the latter would have to go.

There was some good

Futures:

L. Crawford COTTONS

Textile Corp 4.10 420

8.53 Nanyang MISCELLANEOUS

Yangiste

... 7.40

The rubber market eased in Fixed prices do not stay fixed, the afternoon but steadied ol-since they sometimes have to be closed changed. Their changes are less mos immediately steady,

than in an

open overstas support.

but they tend to be when

hen they do occur.

the swing recent Over

years, aluminium towards

has been rather due to its freer supply 100-103 than to its lower price. Arbitrary 123-12812 ipwering of the

price copper 101-103 would reduce the stimulus to 127-128

No. 1 rubber per lb. Aug, 12716-12734 Sept. 1241–12514 Det. qunled No. 2 rubber per lb. Aug. 1212-122 No. 3

11494-115

34.400

33.59-60

33.34

33.1

34.00

H'

12

No. 4

33.20

23.00

Epot rubber unbaled Blanket crepe

12.95

No. pale crepe

"NEW ORLEANS Prices of futures closed today

July

33.40

NEW YORK ·

Futures closed today. Vin-

the

33.60-59 changed lo 55 points higher | 2. record level and

23.04

37.03

33.89

31.42

October December

LIVERPOOL Future

American closings, middling. In pence per lb. were

23.02

1180

as follows:

July/August

Co

October/November

December/Joinery

March/Apr

May/June

Gillette Safety Razor

Glidden Co... Goodrich (BF)

| Goodyear Tire

Heyden Cherniend Homstake Mining Co.

Inland Steel Co.

Malaria could incapacitäte a Ingersoll-Rand

labour force by 18 per cent at

any one time.

Malaria

mortality.

increased

infantila

Dr Black said that some of

postwar

herchemical Corp. at Harverler International Nickel

Internacional Paper

Int'l Tel. & Tel.

John-Manville Co.

the lessons in malaria control was C. Power & Light learnt during the war had boan Kerinocolt Copper...

Liggett Moyers Tob. Co. appliext In

years.

Lockchord Awenscht Modern drugs had been used for | Loews_incare. suppression by Europeans but Lone Star Cement Co.

Louisville & Nashville R... quinine, was still used try many

Inwenmeln & Sons and there was no romlarity of consumption by those who used auch drugs as paludrine, chloro- quine, daraprim and camoquin

A pilot project using DDT no a residual spray had been cơm- menced in Netherlands New 'Guinen.

CLOSE LIAISON Close liaison was being kept

with Netherlands New Guinen

Habt Iron Carp,

Momo Mining Mission Development Koneesta Chendcal Co. Montgomery Ward Motorola Ing. · National Cash Reg. “A National Dairy Prod. National Dalers National Load National Steel Corp. New York Central Olin Mathieson .... Owen-loom Glass O Brustore

| Pabllo Qas & Elec.

and it was thought that com- Pacific Western Oil

plote control throughout Papun

Pan American Airways Paramount Pictures Parko Davis Co.

and New Guines coult be obtained within five years by | Pans Bait Co.

Pony 3. D. Co.

the use of residual spraying Pulls Morris

gald

that

top

mothede.

Black Dr priority should be given to the education of administrations on

Philips, Petroles Procter & Gamble

the seriousness of malaria to: pasko “Ou nativo peoples, Chins Mall Special.

SAO PAULO

Futures closings, in cruzeiros rer kllo were as follows:

October

December

20%

March

81

Moy

4215

116

with sales of 290 contracts.

are concerned

the

con-

1000 m (15

1000 7.40

Allled....... 1.63

1500 7,43 2000 7.40 0000 7.45 # 6000 na 3.00

New York Sugar

Market

of 137 The

/sales world futures market was

enlarging supply, and

and would Increase the demand which al- ready cannot be fully met.

New York, July 19. Consumption of copper is at

World 4 sugar futures today demand is

palni to 1 or closed unchanged very strong, Many consumers

Ghout supplies higher with sales of 40 contracts. The future market steadied than about price. In the hopen closed 2 to 6 points higher with Domesde No. 6 sugar futures after showing carly losses of as obtaining supplies, son much us 1⁄2 cent a pound which sumers have been offering to pay

contracts, were attributed to proft-taking

above

market premiums the current high price. So long as the worldwide quiet and steady. attracted by

Domestic prices,

demand for copper continues to were quiet grow faster than production can slightly in moderate dealings. Outside markets

of Hot weather held refiner demand with dealer buying furnishing be increased, the question

competition from other materials for sugar at a a moderate pace. the activity.

is beside the point.

House Agriculture Committee For some purposes, consumers

Chairman Cooley sald he thought will

almost re-his Committee would will prefer copper,

approve gardless of price, For other Inte tonight or tomorrow legis-- purposes copper could not com-allon to extend the sugar quota pete with aluminium even at a fact and to give relief to domestle half of its present price or sugar growers, Futuros: lower. By arbitrarily lowering | Contrast No. 4- (world)

Spot No 1 Rss held unchanged at 40% cents a pound, nominal. Future closings were:.

Sept.

34.00

Dec.

20.00

Mar.

May

July

Sept.

The average price of 15/16 609 middllog at ten designated spot markets was unavailable today,

2 Sules at nino dealgnated centres totalled 5,200 bales.--United

541 Press.

100 Shell Oil Co.

Baint Rex. Faper Enclair Of

Bocony "Vacuum

Both Porto Rien BuEST Borthern Nallumi Gan

Southern Railway (Com.Y

Standard Brande

Standard Oll of Cal. Standard Oil of Ind. Standart Oil of N.J. tudebaker PackarË 5091 | BWLET Co.....

70

107

19% Tide Water Jamn, Ou

Twenty Century Fox Film Both Union Carpide

Union Paddiy, HallwAY" United Alterart

LONDON

The market closed

41.00

50.00

20.33

37.00

35.50

34.50

topper prices, producers

merely

steady

Whatever

forgo some cornings

would Soptember

October

March May

Beptember

without enlarging copper's field. its imperfections, in London Metal Exchange

after caster with spot down till the only world market for

001 to 37% pence per lb. Prices:

No. 1 as ************* Settlement koune term:

AUNDUNK

September

October/December “January/March

April/Jime

Ginent enarbets, elf buela,

July

September

Fatale crepe, thick July..

AMSTERDAM

3732-30

The market was quiet, Prices closed today. In guilders' per imme,, eif Aurum (ka fo]-

copper. It would be much wiser to try to Improve the barometer than to discard it

In fine, the Rlio-Angle and Anglo American view seems to. bc that, at present, fixation of a Copper price in conflict with the would be pressure of demand

hot only impracticable but im

Bosslik---China Mall Special.

Exchange Rates

was done in the Sopal

futures

advanced.

Spot cents per 16, fob

Cubi) Contract No, 6

August September November March

Meg

Bpol(conta ・per

NY ex-duty)

**ýndied" Prom.

London Foreign

Exchange

York

Lordon

80.10-60,13 [80.00531-880,30.

"NOREVERETT"

Loading for Kabe, Osaka, Nagoya, Yokohama.

"REDEVERETT"

-- Sept. 27

LIMITED FASSENGER ACCOSIMODATION.

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 & Persian Gulf Port.

"STAR DETRLGEURE"

"STAR ARCTURUS”

*THAI *

"STAR ALCYONE"

Arr. Aug.

13

Salis Aug. 10

-- Sept.

A

-- Sept.

ย

-- Sept. ~~ Oct.

15

A Nov.

-- Sept. 21

-- Oct.

10

*** Nov. D

Loading for Koba, Omka, Nagoya, Yokobaina.

"STAR ARCTURUS”

"THAI"

*STAR ALOYONE"

Are Aug. 12

Balls Aug. 13

-- Aug. 27 - Aug. 20

Sept. 21

Sept. 20

Oct. Oct.

31 -- Oct.

- Nov. LIMITED PASSENGER ACCOMMODATION,

"STAR DETELGEURE"

All the above enbjeta to alteration without notice.

EVERETT STEAMSHIP CORPORATION S/A (Incorporated in the Republic of Panama with Limited Liability) Chinese Department: Telephone 28298. Queen's Building, Telephone 31206.

MESSAGERIES MARITIMES

[P.O. Box 53.5 Queen's Building Me Tal: SRBI

FAST PASSENGER/FREIGHT. SERVICE "CAMBODGE"

***e salling Aug. 18th salling Sept 10th

LAOS"

DONAIKA "MEINAM

United : Pins/

FAST FREIGHT SERVICE-