1959-10-13 — Page 4

THE CHINA MAIL,

TUESDAY, OCTOBER 13, 1959.

New YorkiNDWETHOD

By Nichol

This silence by

New York.

THE great question tormenting New Yorkers at the moment is the stock market: up or down? Or rather, is the present "shake-out" which began in August temporary, or the har- binger of worse things to come?

Everyone talks about it, except, oddly enough, the professional money men.

Between February 1958. the low point of the recUR- sion, and the end of last July, the stock price index of the Wall Street Journal, the famous Dow Jones Average,

from soared 434,04 to 687.67 in the greatest bull market (buy- ing spree) in history.

Biggest spree

the money men is

worrying me...

were buying not only the divi- dends actually pale, but the my loughed back into the business

noncy.

to

Kenerate more

Furthermore, there were the mutual funds. Every month

hundreds of thousands of pros- percus U.S. wage earners put a # sum of money into atual Ands (unit trusts) which reinvested it in stocks.

Gone down

This money amounted in all to about £35,714,285 a month; with such D volume of new be invested money having to every month, how could the

market to down" But down it's

At the beginning of this one; from 637.07 to 633,0. year many of the best. -Known investment advisory forsional?

services and even brokerage houses were warning that the price of shares was un- naturally high.

The buying roared on. The old standards, it was

ni, did not apply.

And the silence of the pro- None of the stock market news letters that fure- felt a drop in the market-and many did, though clothed in the ambiguous language beloved, of Delphic Jaring tipsters and Oracles everywhere--is now saying I-told-you-so.

To my totally uninformed and possibly over-healed Imagina- tion, this silence has a sinister quality, as of men who Irar tu ca pebble lest they unloose an avalanche,

So polite

First, stocks were hedge against inflation. People had come to realise that rising prices gnawed nway at capital lent nt fixed rate of interest. When ų bond was repaid, its buy- ing power might be half what it had been when it juvenile gang wartare a lo West had been originally borrow. Side Story, marked by a num

ber < Total stabbings ed.

shootings.

in-

This inmmensely hal, mensely rainy summer has seen

outbreak of

serious [1

and

When you bought common I must not be thought, how- stocks - ordinary shares you ever, that law abiding citizens

Save Wild Horses'

THE

Denver, Colorado.

HE wild horse herds of the American West may not be called to that "last round-up" after all.

A Bill that will prevent "horses from vanishing

travel only in threes by day and hardly dare leave their houses at night.

Most of the killings originate in squabbles over girls (though the gang responsible for two of the worst murders is apparent- ly homosexual), and the gangs

gh for "Tep" father than loot.

treputation

Treated with the courtesy that Londoners habitually use t each other (which exceeds that between New Yorkers) mum- bers of gangs are often equally petite in their turn.

For instance, they will help you with parrels as you battle through the swing doors of A

New York bus, something few other people have time tử do.

Though they are a deadly lous problem, these gangs do have their ludicrous side.

When they visit the Harr of another gang on business or pleasure it is their custom to write their enmes on walls and hoardings as a deflance to prove that they have passed through.

A scribble on 'Spring Strect underground station in a poor district downtunen, seenų to sug- gest that one gang has given up horror comics for Hansord. # Tad. "Bobby of the Conserve- tive (sic) Lords was here from uptown."

-London Exprexx Service),

CONTROL A

[MDILIBAGNI.

TOTAL & COMPLETE

DISARMAMENT

"NOW LET US SEE YOU UNLOCK IT "

World Copyright by arrangement with the Manchester Guardian

کہ

YVONNE THOMAS, who recently visited Russia, tells of her meetings.

with the serious, even critical, generation.

Boys who'll

who'll rule

rule tomorrow

ONE young Russian interpreter called Dimitri, d who was attached to us throughout our journey in the U.S.S.R., discovered in our car a book written for English tourists in Russia by an English author. For an hour or two this kept him fully occupied.

Taking advantage that he couldn't read and ask questions at the same time, during the day-long car journey I fell asleep.

out more about other

Nalla liked the country. Toyla countries.

wihed he could be allowed to He wanted to read other return to Moscow, his home English newspapers besides the town. Bul teachers were "Daily Worker," which is the

short in Siberia, so they had only English-language news- to stay there, living because of per available to the average housing shortage, in A three- Russian He wished he had roomed bungalow which they честь able to read about the

shared with Nalia's parents.

Hungarian revolutions in other newspapers,

"We were told the revolution were caused by American radio propaganda,“ he said. "My friends and I don't believe that, some

But before long a jab in the ribs wakenel not true," Dimitri said, full of but even so, they are wary of sppreden.

me. "That's their criticisms with less fear. There must have been Indiantion as he thrust the

I was told by book over and pointed to

saying too much to the wrong friend who had been in Hungary parten.

that Russian ciliegr had paragraph in it.

ordered him to run down the One such student I spoke to people with tanks." was called George.

oac

I read the paragraph. It warned tourists not Lo have by sterling a: more than the dealings with spivs offering to

official rate.

"This book is out of date. We his release.

Russia." Dimitri said,

from the scene as the buffalo very nearly did 75 no longer have any spivs years ago," has been passed.

The bill will make legal the mechanised round-ups of the put two decades,

500 left

In huse round-ups, <id tors were hounded to ex- haustion by airplanes and Jeeps They then ended up as dog food.

Mey Velma Johnson, of Wadsworth, Nevada, known as

Win! Herse Annie," was one of the most eloquent spealters against the slaughter of the

heris.

A generalion ago, she pointed cut, Nevada boasted a herd of

but 500 left.

Now there are only 70,000.

There are about 20,000 in the calire West,

RUPERT

Here It Is!

-London Express Service).

THE NEW

REPLIES

We were walking through the Hermitage art galleries when Tolyn und Nalia asked if they

When

might talk to us. They had dozens of questions to ask.

"Why do the British shoot und tryture Negroes

Kenya? Where is the Dalal Lauma now?

Why do you ohjeel to the Chi- ni colonising Tibet when you did the same in India? What is the price of clothes in Britain? How much do you minth?"

[1

reven days and nights back to Siberia, then we may not have a chance to speak to another English person for five years or inore," "Telyn said.

During Stalin's dictatorship, Tolya had been expelled from the Communist Party and lost his

job because one of His friends was a Jew.

"Things

Later, he was reinstated and We answered one question given another job. efter another, "After our holt- ere better now Aince day in Leningrad we travel for died," he added,

Stalin

You Expect A Million

It's A Good Time To Shop!

Grorge's questions tumbled prisoner for some

His father had been a political cut En each cther. He had years and heard of Wales-it was like ons was under sentence of death big coal mine in the Louth. when Berla's downfall brought what did the valleys look like?

But when he spoke of his own Government again, it was with

AT Torquay, British holiday resort in Devon, "None at all?" I asked.

an air of defeatism. "Many of

A pretty Sally Blythe and her father are setting George was a linguist and a my friend; feel diealised as out on a shopping spree that is every woman's "Absolutely

arx! Nol musician,

desperately do," he said, "but what can we

"Are you still dream-to buy what she fancies and be hanged to wanting to disillusion him, 1 anxius to hear fout Britain do about it?" did not mention that the day would like to visit Britain bir asked.

art America, Ho said ha coing to join the Party?" the cost.

none!!!

before two young men in Muscow's

DESERTED

Red Square had was not allowed a visa. offered me eight roubles above the oMelai tourist rate of 27 10

£ Zor sterling.

I had asked one of the youths, who spoke quite good English, what would happen

they were caught

Ing.

black marketeer-

DOWNFALL

"I'd get a lecture from the police," he replied cheerfully.

"The third time I'd be sent to Siberia. But I Siberia is a good place to live

!ke your Canada."

don't

care.

The oplys, as Dimitri would have pointed out, were-certain- ly not representative of Russlan youth, and there are few of them to be seen. There

פרום

also very Lew Teddy boys, or Stiyagi, although one would see the occasional youth dressed more feppishly then the rusi,

In $5.

RUPERT ANNUAL

obtainable from

SOUTH CHINA MORNING POST, ~LTD.

HONGKONG

fact, most of the young Russians I met were

serious- minded people.

their

Even when critical of government as it now la, they were full of socialiai Idealism, and confident that though the Russian standani of living is lower than that of Britain" and America at present before long it would be right eheat.

Dimitri, our interpretes, be- longed to that ETOUD

of Communist youths who punct- Hously follow the party the and who would not criticise any decision made by the govern

meal.

It we joked about any member of a government, British or Russian, he was dis- approving of what he considered to be a lack of proper respect, But we met other young Com- mmanisla, oqually dedicated, who were also capable of re- strafodd eritielun.

One or two, frandey, anti- Conummist had the sims faith in the Sociallot system · oven KOWLOON while they disapproved of the one-party Governinent. Since Stalin died, thesa ex voice

"Yes," George replied.

"One person can do nothing." *

It was past midnight before

I asked him if he was member of the Young Com- munist League. "Yes,

he turned to walk home, and become a member of the Party?" Before course," he replied. "Will you the streels were dzerted,

thanked

he

Ine

went,

· for

The shopping spree is a pre-celebration of the day when Sally, and her Dad expect to inherit a share in a £5,000,000 fortune.

And if their calculations are clothes, shoes, Bars and undies he correct. the day is not far dis- worth a small fortune, Istening tant when Mr Blythe (62), is From the forecourt of a motor "I suppose so," he said with- to g

sho "It has been a relief brother Andy (70), and brother show.com

has already out enthusiasm. "I expect it to be able to talk so freely," he Roland (08), will be sharing choan £2,000 saloon car. will help with my job, but it's said.

the money, between them. rol as important as it was be- In Leningrad, I spoke to an-

in So

of anticipation fere Stalin died."

He, and many of his college friends, he said, disliked the one-party system. Ho wished everything was more free and He wanted to travel, to

< pen.

NUDIST COLONY

By A Special Correspondent

the dream ther come true,

are sure will

"I am expecting to share £5,000,000 fortune with my brothers Andy and Roland, sald Mr Blythe. "The money, was left by ray father's uncie, Thomas Henry Blythe, of Mansfield, Nottinghamshire, who

40 U.S.A. In 1903.

Ar in the dignified Rumos- jewellora the phere of a famous

"Old Uncle Thomas was the wilt member of the family. He

other young man who turned peat day, young Sally--£4-d- shop ae has tried on a £2,000 det

without making e will, out to be anti-Communism, al-week secretary-sets out to diamond waich bracelet, and . though he again supported the sample life as the daughter of cup of rings to match Socialist system. His nume a millionaire. was Tolya, and be and his III wife, Nalia had been posted to Siberia to teach English.

AR

But it was over a fivepenny swank Torquay drios cup of tea in the humble sur- salons she is plotting out fifty- roundings of a milk bar that guina evening dresses, day Sally, and her dad told me about

TO

ON

بی سی و صبح راہ دے کر ہم خود کو

"The thing that sold me was taking

"What's needed around here is a little less Togetherness'!TM

a vacation without luggage"

went out to America from Bri

of trouble with a local girl in tain after getting into same sort

home this

town. However, America must have agreed with him, for he never looked back from the day he arrived there. "He struck gold in the Klun- then dyke, bought land and found oll on it, cnd had a town mained after him, before he died worth £5,000,000.

Though he never married he liked the ladies,, So much sQ that during a holiday in Britain he met a young lady caller Dorothy Wilemari and persuaded her to return to America with

m.

"She remained with him, and before old Thomas died sho presented him with a daughter, › There was no will and so the

· American courts ruled that Miss Wilcman and her daughter had established 'squatters rights' and so were entitled to enjoy his fortune.

"Now we have heard that both women died unmarried and the the money is being held by U.S. Government.

"We are Instructing solicitors to lodge a claim on our behalf' and if necessary I shall go out. and fight for our rights my. Bell."

Do the family fancy their chances of geiling the fortune?.

"We have

excellent chance,” sald 62-year-old Mr Thomas Henry Blythe. ww are the legal heirs, and as the Wileman women died unmarrí- ed, the Blythes are the next in line for the cash."!