1950-11-16 — Page 7

THE HONGKONG/TELEGRAPH,

TUITORS PRESS SERVICE, INC. - NUEVA YORK

"Now you return Ricky's frog and tell him you're not ready to be engaged yet."

SECRET

INSIDE

INFORMATION

By Mercury"

Secret clauses in the Soviet-to keep up pressure on Chinese treaty are forcing Allies on both European

Asian fronts General Mao Tse-tung to carry out. Russian policy of aiding North Korea.

This is reported by the Indian Ambassador in Peking, who on says China is dependent Moscow.

Soviet officials. have taken charge of all Chinese railways and are standardising them to the Russian system.

A Chinese atom expert has been délained In Japan. China will protest to the United Na- tions

fears a

The United States glut of rubber in 1951 with 100,000 tons of surplus stocks:

The glut. results from heavy buying and intensive output of artificial rubber-

The Mongolian People's Re- public, Soviet puppet, state, has Bent Ave of its ten cavalry divisions to North Korea:

Refusal of China to commit more troops without air cover has been overcome by increased Soviet fighter sorties.

China hoodwinked India inte believing she would Keep The Tibetan as a buffer state. Indian Ambassador in Peking will be recalled

term

THURSDAY, NOVEMBER 16, 1950)

FOR THE BËNINESSMAN [[2] Trade Increase In Another Record South-West China Claim By Peking

San Francisco, Nov. 15.

Trade in South-West China and the steel roll- ing industry in Shanghai featured as subjects of comment by Peking Radio-tonight.

It said that trade in staple products common to South-West China had become brisk. These products included wood oil, bristles, raw silk, hemp, medicines, hides and skins.

Wool Price

Melbourne, Nov. 15.

o more world records

wool prices were established on the second day of the Geelong Bales when Mérito lamb's wool jampel 27 pence from Tuesday's record to 352 pence per pound.

French buyers establish- ed the world · record for

Morino wool, paying 264) pence per pound for four bales. Many lots were realised well

200 Over pence-United Press.

Grain Prices

2.24-

2.29 -2.291%

2.33%

2.3312

2.2011

1.64%

1.0334-16

The quantity of such products! Bóginning in April this year, sent via Chungking in, the past the East China Department of pine months was four times that | Industry had placed buying of the whole of last year. Large orders with many private steel

Chicago, N6V, 15, amounts of these goods had gonej rolling mills in Shanghai in a

Prices of grain futures, here from Chengtu for sale in other planned way. Resulting from closed today as follows — markets by way of the this all State-owned and pri-Spot

Wheat-price per bushel. Szechuan-Shansi highway."

vale mills in Shanghai had December The broadcast said that this been able to start work again March (1951) domestic trade boom had been

May. aided by the opening of sca

The broadcast crided that in. July ports along China's coasts, by carrying out its policy of ad-Spot the complete ending ot "ban-justing relations between public December dits" in South-West China, and and private enterprise, the East the by the restoration of land and China Department of Industry and water communications. At the had made a sensible distribution

same time, assistance had come of purchasing orders and s

Government plied from the People's

private factories with which had helped in marketing enough steel to meet their re- local products and reducing quirements. shipping freight.

General Hossbach, who was sacked by Hitler, is likely to become West German Defence of Chief after the dismissal Count von Schwerin.

It was further reported that the steel rolling industry in Shanghai was now on its way Hossbach has been in London to complete recovery with the

private

assistance discussions on

of

People's Government. European strategy.

for

Poland and Czechoslovakia have been permitted to sond to the East military attaches German police army.

Portugal has declined to increase "her' Atlantic defence commitment until Spain is in- defence cluded in the Western

zone.

General Franco has appealed to the United States for wheat and coal shipments.

There are now four, Russian armoured divisions in Hungary.

All British Middle-East squadrons will be re-equipped with jet Meteor fighters next year.

After discovering. serious scandals, the Greek government intends to make embezzlement of public funds punishable by death.

The British Coal Board will publish a 15-year plan for re- organising the industry.

Britain

evacuation of Long Moscow already started.

is already negotiat- Government archleves and ing to increase her trade re some machinery are being presentatives in Spain. moved into Central Russia.

The plan provides for moval of six million, from, Moscow area in the event

They will join British Con- re sular Staff in several cities.

the

of

There will be no strong ac- tion By the United Nations

The Egyptian Commander-in- Chief may resign over the arms purchase scandals.

against the Chinese penetration BACKGROUNDS:

Tibet Mr Bevin discussed.

the problem with President Truman during his recent visit

to the United States,

Turkey will take reprisals if Bulgaria sends more Moslems across her frontiers.

Vampire det fighters will, be- come standard equipment for the New Zealand air force

a early next year.

Horse racing In Rumania- Has been nationalised...

horse

Aprivately-owned that won the Rumanian Derby nationalised runners-up

was disqualified and its owner three was warned off. ww

the

ESTANDARDE BRIDGER

By M. Harrison-Gray

GOOD.

Dealer East. North-South mame.

N.

10 8 6 4

Q J

5 4

6.

•K 8 5.4 2 SAKJ973

East's final contract was a good one. but the cards lay Badly. He bid One Heart South. Two Clubs and West Two Hearts. East now tried "TWO Spades. South bid Threo Clubs and West passed. East -was- strong ( enough for a second try with Three Diamonds, suggesting shortage in Clubs, and West mustered the

courage to Jump to Four Hearts.

South started badly by leading &K and East. ruffed and led в to dummy's 9. Northwor and returned a; trump tỏ J, and the Diamond finesse lost to South who shifted to AQ East Could now discord ́a Spade” in dummy on ♦ A "and" cross-ruff the hand for 10 tricks. The contract is beaten if South leads 43 at trick 2, as he can play & a after winning with K and North discard"♦ ‘7.

Epidon Express Service.

The result was that the steel

output of such factories regis- tered, in August, an increase of 166.7 percent against the April figure. Furthermore, the lity of steel products had con- siderably improved.-Reuter.

Cotton

quiz-

Corn

Ryc December

May

(1051)

Oats December March (1951)

1.54 ·

1:01

90% - 14

0394.-5

New York four-per 200 lb. sack, $12.40.—United Press.

Immediate Aid

For Spain

Washington, Nov. 15. The Marshall Plan Adminis- tration announced today, that aid for Spain under the $82,-

Hits 500.000 play approved by Con-

A New Peak

gress would get under way im- mediately.

The Economic Co-operation Administration said that_the_ United States Export-Import Bank New York, Nov. 15.

would be the opera- Cotton futures opened steady ting

the lean agency for and closed strong.

procedures Nearby through

to... be December delivery in the dinal worked out between the ECA, rush of general buying soared, the Export-Import Bank. to 42.93 cents a pound, a new the State Department, 30-year peak. March delivery the. direction of President also hit a new scasonal at 42.60. Truman.

today as fol-

43.80

Prices closed

lows:-

Spot

December March

May July

.October

(11)

December

March (1952)

· New Orleans'

closed at:

Spot

December.

March (1951):

May July, October December

· March

(1952)

42.00-42.93 42.64-42.00

42.09-42.10

41.48-41:49

30,85-36.00

36.28 nominal

38.50

cotton futures

42.60

42.64

42.41 42.42

41.90

20.70 bid.

30.08. bid. -United Press.

?

and under

The ECA announcement .dis- posed of speculation that Pre- sident Truman, who expressed his disapproval of the proposed loan when it was before Con-

might gress,

impound or freeze the funds voted by Con- gress, Reuter

Rubber Futures

In Singapore

Singapore, Nov. 15. Prices in the rubber futures market here closed today as follows:

Number 1 rubber, per Ib.

November

Export Permit Order Number 1 rubber, January

Buenos Aires, Nov. 15.) The Ministry of Economy to- day drdered all cotton and wool exporters to obtain export per- mits, effective immediately. United Press.

Douglas MacArthur No. 11“

INFORMATION.

1016,

a-tho

309-200 Number 1 rubber, December 101-193

181-183 (1031) 'Number 2 rubber, November 195-108 Number 3 rubber, November 101-102 Number 4 rubber. November 187-198 Spot rubber, unbaled

Black crepe No. 1 pale crepe

207-208

174-170 205-210

United Press.

By MELVIN K. WHITELEATHER,& NORMAN MYERS

At Vera Mexico, there were

MacArthur was. He held twice-daily con But with war with Germany locomotives that Gen named to the General Staff as terences with the press and approaching, Major -MacArthur eral Funston wanted to capture

Traditionally, became restless. There was behind Mexican lines. Mac a major, Secretary of War talked affably.

press censor was a bubz not enough action for a Mac- The British Defence Ministry | Arthur volunteered. He dress. Newton D. Baker gave him concerned ut shortage of civil cd us a native peon, passed new job-press censor. Con- plugged into the information Arthur in the censurship job. Fecruits. is studying through the Mexican lines and servatives in the War Depart- barrel. A reporter wrote: Secretary of War, Baker, who paus nor reviving the wartime got,

locomotives.

ment were shocked when he "Major. MacArthur is recog- held him in high esteem, con- By Home Chiard.

encouraged reportera w write nied by his fellow officers sented to shift him to the then His slippery hBbut

everything that did as being one of the most cap forming 42nd · division.

the rank wai upped from major to von convey important information able young officer United States Army,"

changer matched Vezi German

flying pralex and Peking in trying Papen.

Innd

to the enemy.

colonel.