Soviet-Indian irada pact signed jast anonih provides, for technical assistance and industrial equipme
India and Pakistan dispute rights to Kashmir which is 90 percent Moslem
"Pussia woos India with exchange of scientific gnd, cultural missions
PAKISTAN
MOSLEMS HINDUS OTHERS
India is furious over proposed US military assistance to Pakistan.
(
INDIA
| MOSLEMS (AZI
30318
HINDUS
OTHERS
THE CHINA MAIL, THURSDAY, JANUARY 28, 1954.
BURM
* MOSLEMS HİNDUS OTHERST
Figures in millions are based on 1951 census
AP News!eatures 12M
India-Fertile Soil
For Communist Propaganda Seeds
By TOM WHITNEY of Associated Press Moscow is doing everything in its power to woo India away And right now, In- from neutrality in the East-West cold war. dia is especially fertile soil for Communist propaganda seeds.
Moscow opportunists see a big chance to make Red hay out of a proposed American offer to arm Pakistan. These negotiations, still in the preliminary stage, have aroused great hostility and distrust of Western motives among Indians.
The armed forces of India and Pakistan face each other across the cease-fire line in the still disputed princely states of Jammu and Kashmir where less than six years ago Moslem and Hindu fought an undeclared "holy war.' Pakistan is still pressing its demands for a plebiscite in Kashmir whose population is 90 per cent Moslem and wants to join Pakistan rather than Hindu India.
Arming Paidstan is a logical impressed with Pakistan's
det The new Soviet ambassador to move from the Western point termination to defend Its new Inga is himself a dialinguished of view. The castern anchor of independence and the military Soviet leader. He the North Atlantic Tematy Or potential
of its forces. Since former minister of foreign ganisation defence line ends in
then
indicated trade, M.A. Menshikov. Pakistan has Turkey.
eagerly that. If it received American military aid (planes, American and British diplo- | mats sought to extend that line tanks, gums) would gusrantes
Into Asia through creation of a Middle East Defence Command repel an but all those efforts have failed scle te because of the Arab-Israeli feud and Egyptian hostility
to Bri- tain for its refusal to relinquish
the
Suez
milltary control of Canal.
the
In his four of
Middle Erst last spring, US. Secretary of State John Foster Dulles was
Core Of A Dream
FRABE
COMMERCE SECTION
"Page"
SOUTH KOREANS REBUILDING
Moscow's View On The Randall Report
Londen. Jan. 29.
Moscow Radio said lagë night |dhab Britaśki”, would- And Willo confert in the recently pubilihet Randall report-recommending a new foreign ecockimic poty or the United States.
An
THEIR COUNTRY TRADE WITH JAPAN IS
INCREASING
With the announcement of the ratification by the U.S. Senate of a mutual defence treaty with South Korea come reports Enti-speaking ecm- from Seoul telling how the South Koreans are choosing to ignore the uncertainty of the peace and are rebuilding their shattered Country,
mentator. Anatoli Ganshin stated there was "tito doubt
that if the United States Con- gress doos decide to revise US frade policy, it con mitly be in the direction of Wightening the
pround the necks America's P
Noting that
nests
of
cne can deny
that Western exoticy, end Bel- tain's economy as well, is ex periencing
weather," stormy
Ganshin said that even if the
Japan has increased her exports to South Korea recently and among the goods flowing in are machines, chemicals and wool. Reports also state that Seoul's population is almost back to its pre-war levels and public utilities in the city are slowly coming back into operation.
Hospitals, schools, office buildings and department stores which had housed military units are being returned to civilian owners.
States
United States opened its heme markets to British goods, B1-
Stoul, South Korea, Jan. 27. | billets where United
Brightly lit city streets, new offelaly negotiating the politic- tain would gain nothing.
Britain's traders will shops, houses, thatched cottages al conference are billeted. And it a hopeless Job overcoming and bars are signs hero that
បន
monopolies the the South Koreans, choosing to
inz American home market, especial- ignore the uncertainty of the ly in view of the economic slump | Pracs,
ecbuilding their beginning there," he said.
the
American exports to India, Ceylon and Australia were al- ready higher than Britain's, "Se
If liese equntries lower tariffs to keep in step with similar nction on the part of the Unit- ed States-aa the Randall Com- mission proposes it means the dow of Americas, goods will
completely wash out British
commodities."--Reuter
New York Metal Futures
Lead
January February
Tin
January February
Zinc,
January February
Copper
January
New York. Jan. 27.
11.001
arc
shattered nation.
The pessimism, which por vades the Panmunjom ference table, la not reflected in the activities of the long- suffering farmers and city folk in their first period of peace In three years.
President Syngmun Rice's Government is openly pessimis- tic about the chances of the long-delayed political confer- enco bringing permanent peace to the Korean peninsula.
of the
But the Industry Korean farmers is a better re ilection of the mood of the Korean people.
They are building new homes 11.91 within sight of the Munsun
$4.006
13.306
1,050
8.575
27.3011 20.900
February All prices in US cents per th United Press.
LONDON MARKET
London, Jan. 27.
Fewer Days
Lost
By Strikes
New York Market
Rise Checked
New York, Jan, 27. Profit-king put
sudden
halt to the sweeping rise in the stock market today as In- dustrials approached a new bull market high-just 1 shado below their 24-year average weak.
Trading in the initial hour resulted in a 650,000-sharo turnover-heaviest since Sept. 15. Subsequently, volume lightened.
prices cased. Sales for the day of 2,020,000 shares, compared with 2,120,000. yesterday.
-of
Many issues held small gains 1.188 issues iraded, 470 lower, 308 higher. Oustanding areng the rises we Rio Corporation, respond- ing to
of its announcement alomie battery. it again toppert
Staunch Supporter the active list with total volume
arx
of
Of The P.P.P.
The new buildings are outward sign that the turmer does not expect a renowal
a few miles the shooting war to the porth.
Abundant signs of a country at war remain, however. Seoul is still a patchwork of ruined dominged, buildings, and and
and acres of piled up bricks
masonry.
cm-
STREETS LIT UF But changes which have been taking place since July phasise the existence of cease-fire. There is not yet n atmosphere of Deace in Kores; the South Koreans" Käve but begun dissipating the huntosphere of war.
at
Lahore, Pakistan, Jan. 27,
A young bridegroom in Labore refused to accept his bride while she wore anything of foreigu manu- facture.
his
He said he was a sup- porter of the widely used logan "Patronised Pakis tani
Products" and bride myst anly have locally måde elathes sad godds. Nor would he ac- cept foreign-made present. After several hoory of argument the brid's parents agreed to the de- mand
And she finally departed for her husband's home old 'in coarse local clother, China Mail Special.
HONGKONG SHARE MARKET
In the cities, public utilities are slowly being brought back in inio operation. Taxis and motorcars, hidden in barns ond sheds during the war years, now vle with military
traffic for road space. Street cars are being repaired and put into operation. Many main streets in Seoul are now it up right. Merchants have begun to work on a peace-time basis.
During the war years, only second-hand goods salvaged from ruined homes were sold in the shops of the capital. Out- thero aldo the blackmurket, not been for were no
(From Our Correspondent) If it had
new goods to be spasmodic small strikes in bought.
Business done on the Stock England in December, last Today, many shops are sell- Exchange amounted to $859,249,- and the year wouls have been the ing kitchen utensils, household 30. Noon quotations least troubled by industrial goods and thaned food import-
cd from Japan, disputes in British industry All prices in sterling per long tan. Since 1941, according to
cables from London.
Up to the end of November the number of working days Lost was 1,053,000, compared with 1,857,000 in the first 11 months of 1952.
Tin
buyer relier
Spot J-month Серрет
Lead
64214
43214
January April
Zine
January April
-United Press.
092%
72
71
D
CHICAGO GRAIN FUTURES
These figures are given in the December issue of the Ministry
The Japanese Trade Ministry South says that exports to Korea have increased since the cease-fire despite official South Korean opposition to traging with Japan.
The main commodities com- ing from Japan are machinery, chemicals and wool.
GOING NORTA
Chlengo. Jan. 27. Prizes per bushel in cents:
Closing Prices of Labour Gazette, which shows The population of South
Jan 27
that the reduction was caused Korea is moving back towards by shorter, 818160
less the old front, going upth, in- 2137-214 | numerous, strikes, involving stead of south. 2131-14 fewer men. During the period, total number of strikes was
20794-1
but
not
213 1,824, compared with 1,026 last
Wheat, No. 2 red
Spot
March 2110 213(4)
May Jul- September November Corn, No. 2 yellow Spot March May July
20931
more
September November New York four, 200 lbs,
sack
United Press.
1581 1522 1409%
One of Menshikov's chich to ured only
the develop- these would b
tasks is to push invader and not to ment of Soviet trade wih with neigh India. He signed a new trade dispuls
pact with India only last month bouring India.
What has especially infurt which provided for technicnt leaders is the assistance and machine tools to ated Indian
frequently voiced in assist Indian Industrial develop. suspicion,
that New Delhi,
the United ment. States may be using the pretext of arming Pakistan 'ns á lever to force India to abandon traditional neutrality between East and West,
The Soviet ambassador before Menshikov was an even its distinguished man-Ivan Beno
Soviet diktoy who is minister of agriculture.
It is in hopes of capitalizing
The Soviet ploy for India bas on this new indian hostility to been going on for a consider- When Premier
Setback For Ike's the West and to the United able period.
Strike
Ballot Proposal.
Washington, Jan. 27.
States, in
תק
14014
year.
number
WAS number
units,
Sace
-
morning's transactions: SUARES BUYERS SELLERS SALES
BANKS
... 1036 1045
JI Bank
INSURANCES
Union DOCKS, ETC.
K. Whee!... Dock
0121
36 1633
40 or 1040
1-80
21.00 200
21,40 250 13,80 Wheelock.. 8.15 044 11000 820
Provident (0) 13.00 Staf Dock
LAND, ETC,
ink Lad CRESKY
UTILITIES
1nown
4.10
n
ros
of 18,200 shares, including R 20,000-share
opening. It la of a paint to $25%, on top of yesterday's 1% rise.
Steels held firm as companies in the industry reported
cellent 1953 results, Bethelehem, due tomorrow. whose report featured with a rise of nearly a paint on active trading at one time.
The NY Stock Exchange bond volume was $4,000,000.
The American Stock Exchango volume was $30,000 shares.
Dow
wcrc:
Jones closing överopis
30 industrials 20 rails in utilities 53 stocks 10 bonds
Comm. future price
index
293.22
100.73
11030
00.81
169.62
-United Press.
INDICES COMMODITY
New York. Jan. 27, Dow Jones commodity
170.01 price Index: ........... Daw Jones future comm.
price index: ...... Moody's Investors Service
Indox. 15 commodities: 4178
-United Press.
240,62
Singapore Rubber Market
Singapore, Jan. 27.
The rubber market was steady during the day on short covering. Prices of lower grades closed alightly below their best levelz of the day, Future closings:-
No. 1 rubber per in. Feb.
March -April
3454-85
No. 2 rubber per td. Feb. No.. rubber per b. Fet, 623 No. 4 rubber por b. Feb. Spot rubber unbilled ..... Np. 1 pale crepe Blanket crepe
-United Press.
LONDON MARKET
London, Jan. 27,
The rubber market wor quiet-
ly steady with No. 1 Rss spot 155 | quoted at 18-5/16 pence. Prices:
No. 1 as apot ...
036 1.00 5
$4000
2.2735 |Margh
20.00 30 7010 or 20.00
C. Light (0) 14.80 14.30 3500 14.80 C. Light (N) 11,70 10001140 Electr
30% 31.03 2303
300 33 Telephone. 20.10 295 INDUSTRIALS
Coment Repa
Day several ) Watson
SUCm
20 $100- 18.02
10.00 ...... 10.60
20.70 30.90 1300 a 26.50
MISCELLANEOUS
-Valmett
Settlement house term:
April/June July/September
October/December
1814-1012
1014-1035
101-1046
104-1024
... 10-187%
General harkets, elf, baalk, ports: Match
April
Elate crepe thick Estate Ciepe hin
3160 133 2160 41 contracts,
142
New York Sugar Futures
102-1012
unquoted
ንሓ
United Press.
NEW YORK MARKET
New York, Jün. '27, Rubber futures today closed 20 to 41 points higher with sales Spot No. 1 Rss were quoted at 18% cents per pound, up 1⁄4 cent from yesterday. Futuro closings:-
March *May July September December March
10.00b 30.0011
10.90h
12.000
United Pres
According to the latest Goy- ment census, Seoul's popula tion is almost back to prewor levels In both years the most serious
There arc"
1,380,000 now 1564 lose of time was in mining and people in the city-approxi-
vehicle building. There
wer mately double the number a actually more
this nit strikes
Thousands of people year ago. year-1,217, compared with
stay in the city only as long as 1,150-but the $12.30m
the number of days It ipkes to earn bus fares to STORES, ETC. lost by them was much fewer 360,000, compared with 533,000 points further north.
Packed buses run There were 45 sirikes in the times a day from Scout and its COTTONS
industry in port city of Inchon to villages Tex Corp. T.20 7.39 1600 @ 71% US REFINANCING vehicle-buildings particular, that Nehri's sister, Mra Indira
year, but whereas in 1952 within sight of
rear
area mill- Russia has unleashed its latest Gandhi,
Fussie, visited
she
the OPERATION
of days lost was tery colourful vehicles received red carpet
treatment propaganda effort.
469,000, In 1933 the from Soviet authorities who
287,000. Washington, Jan. 27.
out of place on roads packed Stream Of Visitors
widely permitted her to tour
The United States Treasury In November, 93,000 working with military traile. throughout the country.
today undertook its largest days were lost compared with
has brought peace- Right now, ono of the leading. As long ago as February the single reinancing operation in 117,060. in October last year and time problems into focus. A President Elsenbower's con- Soviet expans
Stalin received two Communist Iato Joseph
history, seeking to convert 21,000 122,000 in November 1962,
year ago, many refugees found troversial proposal for Govern- propaganda is in India. Ho is Indians for personal interviews, million dollars (about £7,500
a home in Seoul by taking ambasador 10 Mos
INCREASE IN WAGES ment-sponsored secret balloting Georgi F. Alexandrov, a mem- the Indian
five outstanding million) in
possession of any house with a nind Menon, ameng workers before a union ber of the Soviet Academy of cow,
Wage increases sing amounted roof and enough wails to keep securities into two now Issues, the Stalin peace cquid begin
was Belence, who throughout Worldwinner strike
The operation appears to be to bees last year tiram in the past out the elements. virtually killed today,
of all prize, Dr Saifuddin Kitchlow. War
It was in charge
towards directed
refinancing | two years, in the fist 11 month; Russian
Soviet aims in India are the
HOUSING SHORTAGE Alexapaganda.
securities due to mature shortly, the estimated total net increase Senator John Sherman Cooper,
heads a group of core of a long-term Complet and bringing a major share of in weekly wages was 8.1,242,000.
Domestic No. 8 sugar futurės 41st dream an Asla' united against
Today, the real-estate agent clogod unchanged to one point a Kentucky Republicar, joined Soviet scientists at the
the new borrowing into medium shared among 8,200 500 workers, is in control and there is An higher with sales of 103 con- another Republican and six sersion of the Indian Scientifle the West.
long
term obligations.
In the corresponding period last acuto houring shortage. treleri tutures were steady in featured with fluctuations in Democrats who had previously Congress in
When India first became ins
'The new issues offered are a year the aggregate ingrence was announced they
specialty Ja dopendent a tow years 329, the proposat in the Senate La philosophy but he is at the Stalin took an attitude rather
line with the raw market, al- coffee and cosa futures, Grain one-year certificato paying one £4321,000 for 11,180,000. Site party values and increasing
the Tollway
Puson, men steadily.
the overcrowded though some scattered liquida-futures closed morily stepdy to bour Committee.
a loading figure in hostile to the Nehru govern and Ave nighthe porcent, and November This gives same time a apponents of the proposal at the Commule Party of the ment This attitude s been a seven years and nine months have negotiated their additional war-time home of the Governor was in evidence
U.S.S.H. For seven years under gradually reversed Rusland.
Future closings bend, paying two and one-thirds, but any further increases ment and refugees, there has least an eight to five majority Stalin and Malenkov, he load
per cent interest-ruter.
which they cou the engineers
a proportionato, decrétéo Contract No. (world)" In the Committee.
obtain will come into this year's in population: Hospitals, schools,
March Led the limportant agitation and will continue trying to win
figures.
office buildings and department
May The proposal is contained in propagandlu administration
July Mont of India away from friendship
The
Index of wage rates for stores which had housed mu President Kisenhower's foute the Control Committee. with the West. It would be a Japan-P.I. Trade November (Jan) 1047 = 100) fly units its being returned to teen-point plan for reviding thei He is the latest in a stream miriako to undercmimate, the
remained enchanged at 137. civilian owners. of vialtors. Tift-Hartley
Labour Relations
from the Soviet success they have already Agreement
has gone up tree points since Union. In India at the present nebleyed or LAW
January, whereas the ladex ct At Tarzu, a hom tims: there in a big delegation opportunities, they have. Extended 45 Days
prices has gone up two 10 thousands of at leading Soviet bijlet dancers,
Note: Since this Editor'
Has been hand Index Swar gingara, mulchins; and other article was written in New
xilalan at just under creally workers and perform York, The Plenary Session
that a riteTM.cit
would oppose drov's sclerabad. Alexaṁi-
Senator Cooper said today: "7 difi against the strike vote, ether before or after a strike takes place."
This largo
Eabiler Mr Waller Haulher, Prident of til Emmarens of permes and Industrial Crganifətions, kad | Angkan gDV told the Committee the Prest | * 12200 dent Plan would make the law.
The chances aro
indi pala. Vby tijn] endörting
dccording to ment
ឌ
considerable
or
Manila, Jan, 28
nown
New York, Jan. 27. World No. 4 sugar futures to- day closed unchanged to two points tower with sales of 109 contracts.
• Baptamyer!
- detober
Marely
Spot-counts
Cubal Contract No.' # March
US Commodity Markets
New York, Jan. 27/ Lending etmmodity futú cé closed mixed in today's trading
After early firmness, fell the daily permissible
mi
of two cents a pound after Prom sident Eisenhower said a full- scale investigation would made of the coñéo situation."
"At Chicago, wheat, closed up V to 1 cente: soybeans off 24 to up 156 couts. :1
Winnipeg, wheat - "was priceit át 180 centi per bushal Ita Na 8 Northern, and for No. 54 was 103, conté-Unlied
NEW YORK
Now