1950-11-30 — Page 7

WALUS

THE HONGKONG, TELEGRAPH, THURSDAY, NOVEMBER 30, 1950.

KDITORS Patas SERVICE, INC.-NUEVA YORK

~1807-

1.507

"Do as your mother says....you're no better than I

am:.

עין

COMMUNISM AND BRAIN-WORKERS

are

By William Power

FOR THE BUSINESSMAN

RUBBER PRICE

MAKES RECORD DAILY GAIN

(from our corRESPONDENT)

a

London, Nov. 29. Rubber is again more than five shillings lb. in London. Today's rise of sevenpence a lb. was the biggest ever recorded in one day—and unless there is a sudden turn for the better in the Korean situation the price will probably continue to: climb.

Today's advance in price to 5/id followed a spurt of 30 cents in Singapore..

The market was nominal and not many buyers came forward to transact business at the new price.

The news from Korea hung like

the a pall over

Stock Exchange, Biggest slump was in Japanese bonds. At one time prices dropped

much as seven points but later losses had been reduced to around

Most gilt-edged

There

indications, come a grey vaccuum. pene-five points.

trated only by the anti that to

few brain- શૈ

that "capitalist" propaganda workers (mostly of a de-

constantly rains and dins upon nationalised type) outside the whole population. Anti-war the Iron Curtain, the petitions go side by side with a

militarising uncomfortably Soviet realm, despite its reminiscent of Nazi Germany. pellent political ideology, presents some attractions.

What these attractions may be, or seem to be, is a question of

interest for some

the free countries of the West.

Lenin himself, the founder of

re-

Is

Only inorganic science exempt from Marxian manipula- tions. In that department investigators are free to follow the line of actual experiment, with the full assistance of the State, and with the central the Soviot State, was essentially object of increasing its material

power. in though. intellectual, literary and artistic matters his tastes were what we should call the Victorian. His appeal to

with proletariat was combined

to his an - appeal

fellow- intellectuals.

an

He entrusted them with the task of educating the whole of the people, and his object, from the start, was to give them a higher status and greater economic sepurity than they had ever possessed in any country.

A SCANDAL

It is admitted that in the

the most majority of countries gifted of brain-workers do not receive honour and 'reward com- inensurate with their abilities and their value to the world. Baird, of television, is a case in point. In the arts, there is need are organisation for patronage and employment.

SLAVE STATE

of

But I am certain that in the free countries there are very few brain-workers who would sell their talents, knowledge and souls to a slave State for money status. Such social and

would have criminal madness other

personal or political.

reasons,

That in itself was a worthy object. One of the scandals of European civilisation, particul- arly since the end of the era of royal, aristocratic and ecclesias- tical patronage, had been the neglect, frustration, and actual

There

always afe

in the starvation of many fine authors, scholars, scientists, artists and world one or two brilliant but embit- musicians. It WDB В tragic ill-balanced people so

record,

tered by the inevitable anomalies and stupidities of the free life around them that they acclaim a regime that seems to repress what they dislike and force on mankind their own pet ideas.

Brain workers of approved merlt in the Soviet realm were provided with employment and given special privileges in regard to emoluments, housing and so

One cannot forget.. Russia's forth. In a country like

Germany. is informed, the great stand against Hungary, one patronage of artists by the State, But what has she liberated? She trade unions, etc. has increased has made a big part of the world to such an extent that all public a bleak prison. That the ideas buildings are being handsomely of the Politburo can commend designed and adorned and artists themselves to any real intellec- can scarcely meet the demand tual is inconceivable. for their services.

But this liberal treatment of brain-workers has heavy "strings" attached to it. The in- tellectuals are servants of the Soviet State, and all their efforts must be directed towards its strengthening and glorification.·

Individual experiment and speculation are prohibited. General and philosophical his- bory has had to be re-written on Soviet and Marxist lines. The fre play of critical humour is forbidden. Artists and musicians have to produce the kind of thing of which Stalin and the average member of the Com- munist Party would approve. Even biology has had to toc the line.

BACKGROUNDS:

as

of

record-breaking spurt on Wed-

following nesday

reports United States planes bombing Manchuria one hour before the close. Business offering was at 198 cents a pound, with no sellers. This 26-cent jump over Tuesday's closing was the biggest increase in a single day in the history of the Sing- market. The market apore was in virtual chaos, pending denial of the Manchurian bombing-United

Press,

London Shares Slump

London, Nov. 29.

The stack markets col- lapsed at the opening on Wednesday under the threat of. war. British Goverment stocks fell more than £1 and Japan- ese bonds slumped by as much as £5, while leading oll shares lost four percent of their value,

Industrial shares showed some resistance, but then they also gave away un- der the strain. Rubber,-- tin, copper and gold shares Joined the downward rush.

-United Press.

Grain Price

Easier

Chicago, Nov. 29. The uncertainty of the war situation continued to influence. grain futures with the market developing an casier trend after a steady to firm opening. Export dealings included 5,000

the tons of

United Kingdom purchase of U.S. corn. As a result of the Korean reverses many traders felt that Govern- ment action on commodity 193-199 price controls will be forth-

CLOSING PRICES

Singapore, Nov. 29. prices were

Prices in the rubber futures marked down and there were losses in all other sections or market. here closed today as the market. The list of latest follows:- available prices this afternoon | Number

all share: shows that nearly

losses rang- quoted registered ing from Gd to 12/6d. There is not a single "plus" sign in the list. Rubber shares were among the first to slump.

Singapore, Nov. 29. The price of rubber made a

STANDARD BRIDGE

By M. Harrison-Gray

ARAK

4004

Dealer: South, Game all.

1000

N.

8 7 6 KJ 8 3

4 2

10 9 52

K Q

35

AQJ 10 4 % SAQ 988

2

This hand illustrates tho principle of responding to a two-bid. South opens Two Diamonds and North bids two Hearts, 03 be would have responded One Heart to a bid of One Diamond; but had the opening bid been Two Spades, North No should

Two respond Trumps, or Three Spades.

South rebids Three Clubs and North raises to Four Clubs. South bida Four Diamonds, but North is too weak to show ◆K and signs off in Five Clubs.

West leads A followed by 4. South must play & A at trick 3 in case West has K bare. He then enters dummy with K and leads

4. If he tries to make an : overtrick by finessing 40'; (after ◆K). West can defeat the contract by giving East a ruff in Diamonds.

London Expresa červice.

203-201

192-103

Tubber. per lo November December January (1051) Number 2 rubber, November 197-198 coming shortly. Number 3 rubber, November 191-192 Wheat closed % to 1% lower, Number 4 rubber, November 104-105 corn was % to 1% lower, oats Spot rubber, unbaled Black crepe

165-159% to 1% lower, rye 2% to 24 No. 1 pale crepe

208-213 lower and soybeans 5% to 7 -United Press. lower.

as fol-

201-205

HCL Reaches A lows:

New Peak

Prices closed today

Wheat-price per bushel Spot

December March (1951)

May

Corn

Washington, Nov. 29. The Bureau of Labour Statis-, July tics announced on Wednesday Spot, that, the cost of living index December rose 6/10 of one percent. on October 15, compared

with July September 15, thus reaching an all-time high.

March (1951) May

Rye December May (1951)

Dats December

March (1051)

London

An estimated 80,000 General Motors salaried employees will receive an additional $55 cost New York flour-per 200 of living increase for the period $19.30~~United Press. between December 1, 1950, and March 1, 1951. In Pittsburgh, the United States Steel Cor- poration announced it has offered 170,000 employees a the CIO wage increase which steel workers are considering.. On October 15, the conTM sumers' price index hit 174.8 average,

1935-39

2.26

3.204-

2.3014 2,30%-%

2.246-4

1.6222 1.5934-36

1.62%

1.639-2

1.634-%

1.44-1.43

1.52

9314-03 -233-14

sack,

Tim

Eases Off

London, Nov. 29. percent,

After a hectic start in the tin breaking the previous record market this morning, prices set in August and September tended to ease. The backward 1948.-United Press.

action narrowed considerably from Tuesday night's all-time BOMBAY BULLION record high. Turnover was 135 tons, including 25 tons for spot. Prices closed today at the official morning end of the

The

Bombay, Nov. 29. Korean situation, plus

Spot tin, buyers

fears of growing international session as follows:- tension, imparted strength to the Bombay bullion market on Tuesday.

opened at

anhas.

Spot tin sellers- Business cone at

1,240 1,145 1.150-1,145

Three-months

109

1,055

1,000 1,100-1,070 1,145

Spot gold rupees 6 annas. Silver opened at 181 rupees 4 annas, closing at 182 rupees United Press.

·Douglas MacArthur

No. 21

10

tin, buyers Three-monthis tin, sellers

Business done at

Settlement

-United Press.

By MELVIN K. WHITELEATHER & NORMAN MYERS

LROGEN EINDICATE

-21-

Under Stalin and the Polit-

While the high command in A Leutenant Wading ashore on Pacific is-

requested in Reconquest of the Philippines, buro there has been a systema- tic elimination of the genuinely lands became 0 MacArthur duck" to rescue his passengers. where the Japanese had 500,000 Washington felt an assault on Klande Intellectual element from the trademark, During the Leyte But the beachmaster shouted: dead, was barely a beginning of the Japanese home Government and all kinds of landing, a vessel was unloading Walk in, the water's fine. The the road to Tokyo. MacArthur would be terribly costly in colleges. The hopes entertained cargo when a small landing boat boat's ramp lowered and into planned to use Philippine bases humari Hre, MacArthur Call- for, the popular theatre and con-approached. A signalman told the waist deep water walked for the assault He would land lated he could do it with mini- the mum is. He planned to reach cert hall have not been fulfilled. the boat to get out quickly, The MacArthur. To the stunned on Kyushu, nearest of Good films are scarce, and few order was Ignored, the boat beachmaster the General of the Japanese home islands, after Kyushu by November 1945., He morning, securing several island bases was there before then by a people can afford to see them. pushed ahead and struck bót- Army sild "Godd

route he never dreamed of How're things going?"

lying in between. Life, for most people, has be-tom 15 yards off shore:

SIL Hunge