Page
THE CHINA MAIL, FRIDAY, JUNE 11, 1954.
ROLLER IN RETIREMENT
Fifteen-tan steamroller Blg Sam may be too old to raise any steam himmell now but he can still do a useful job helping the children of Bristol to let off Aeme at theiry 11 ho bren honourably retired to a locui playing field where he is seldom without a fuil load of
youngster.Reuterphoto.
A Blend Of The Past
And Present
For The
!
New Burma
Rangoon, June 10.
Burma, while looking to the most up-to-date ideas and methods to build a modern welfare state, is turning to the past for rucial standards and traditions which will make its four da- tions solid and truly Burman.
Four years of war, in which the country was twice fought over, and the insurrections which have continued since Independence have given Burma a problem of unsettled and unstable youth as bad as that in any country in the world.
Many who threw themselves with enthusiasm into guerilla fighting and later into the struggle for independence have allowed that enthusiasm to sour and have been unable to settle down now that the aims of their nationalism have been achieved.
affec-
TRADE and
Dull Conditions On Hongkong Stock Exchange
By A Special Correspondent
There has been little activity_on_the_Hong- kong Stock Exchange this week. The market was hesitant and prices of Lands and Utilities eased fractionally through lack of buying interest.
The market is now awaiting fresh develop- ments at the Geneva conference. The fact that prices held firm despite the sudden (though not unexpected) clash of East-West views on the composition of the Indo-China Armistice Com- mission serves to show that the market has developed an immunity to "scares" and is awaiting the final outcome patiently and with hopes of
success.
On an otherwise featureless market there were four points of minor interest this week:
Bunks and Unions were firm; | The week's turnover has been Hanks Improved slightly prob-under an average of four takhs nbly as the result of a rise in the a day. London register
shares quoted 11 sema buyers are now, walt- at £95% on Wednesday and ing for the outcome of the
£ yesterday.
Yangisze Finance
Geneva conference and if the
would
COMMERCE SECTION
E. German Girls Britain Warned About
May Soon
Marry Russians
Berlin, June 10. The anti-Communist "In- formation Bursa
West stid sestarány that Soviet soldiers noem would re- ative periskosten ja mater East German girls..
The Sevicia riiesel tfreir fraternisation ban last summer and allowed Red Army troops restricted contact with East Ger mans at sponsored father-
the
Giris who have saked Interior Ministry if Livry
may marty
Botlet soldiers have been told the Soviet ban on marriages will be lifted soon, the Bureau ald United Press
US Shares Again In Demand
Competition In
Middle East Markets
London, June 10.
Britain is meeting stiff competition with its exports to the Middle East and more enterprising nations are securing Arab orders by quoting lower prices and shorter delivery dates.
A Government trade mission which visited Iraq, Kuwait, the Lebanon, Syria and Saudi- Arabia earlier this year stresses this in a report to the President of the Board of Trade, Mr Peter Thorneycroft.
firms.
the
CX-
Competition on price and, led
Middle East trado delivery from Continental mission, stressed the need to: countries, and the extent of British manufacturers and American trade connections pters to work really hard it they wished to obtain orders with the Middle East oil-for the goods
which
theso producing areas, the report Middle East
Cast countries required. adds, will require greater The Arab countries wanted efforts at salesmanship the best Brilish technicians
for their development experts suited to the Arab world.
schemes, sald Sir Edward, and facilities for servico after he pointed out that much of the sale, and more extensive foreign competition In con- New York, June 10.
contructing work arose
on price, rose from results are successful
knowledge of local $5.00 to $6.20 when the yield not be surprised if this generat- Renewed demand deve-ditions, if the present level some lenders being undercut At turbed 11% per cent cartier ed a lot of interest in the Stock loped for stocks today to of British sales is to be held a consequent loss to the foren this week.
Exchange us well, of course, lift prices as much as Д or improved. Amulgatreuted Rubber shares trade with the mainland. which slipped from 83 to 79 Though many old China hands point or more after a
osten- doubt it, a successful outcome day decline had sibly 71 profit taking, re at
could l Geneva
give a new than $3,000,000,000 from cents yesterday | lease of life to
Western en- the market value of all after 109,000 shares had changed terprise in the Far East. There listed shares. hands during the week.
is obviously a lot the West con In the Lands and Utilities de industrially and economically
world. sections, prices were marked in this part of the
Market own fractionally through lack
prices Trams, on of support. uver of 4300 shares. cents yesterday. China Lights (new) however held steady at $11.20 on п turnover of 6,000 shares.
cents
covered to 81
Tuesday
RIC attrac
a turn live; yields have, if anything, in
fell 30 improved slightly in the last week. Here is how share prices
tared:
Prices have kept reasonably | Banks high on the Gold Exchange this
Unions week but the business bas bot been been exciting There
Juna 8
1535b 1040 1015
10
$30b £300 840
0,80
4.85
6.05
11.00
IL BO
11,70
833
0,10
NIK Jomid
Dat
50%
0412m
24.40 75,10
23
A Wheelocks
Chi Prav
bellef general
amongst the Chinese Community that money
at the moment is extremely ifk Hotels "tight"--this has been notice- able. I believe, particularly at night clubs where business has | Trains dwindled reusiderably in the
Ch Lights last few weeks.
This could account for the Old Stock Exchange dullness, too.
New
New York Cotton Electries
Market
New York, June 10. Cotton futures to lay fluctuated indecisively on a mail trade for the tenth ression in a row.
Duy traders Liquidation at the close suftened prices
14.00 14.00 14630
11.50 11.50 11.20
20,60 28.60 28.40
2430
20b 21.001
22334 235 23.30s
biryer s-seller in middle
Telephones
Farms
two-
cut поте
groups
All major
closed higher. Carriers turned in the beat performance-an Average of B1 cents, reflecting numerous small gains and risca around & point each in Karisus City Southern, Southern Rali- way and Union Pacile,
Industrials were an 85 cents (on average and utilities were 23
cents better.
Trading was not active. Many investors preferred to study the markel's behaviour after Tues- day's break which
the heuvleat since the post-Karen war session of June 26, 1950. There
Mr Heathcont-Amory told the conference that there had been a number of relaxationa of credit restrictions which led him to believe that United King- dom exporters were not under via-D-vis their
any handicap competitors.
The future position does not appear "'altogether healthy" because of such factors as the slowing down of work in the stifields, British prices ind deliveries being beaten by com- peittors, and overstocking.
He thought the terms of Hence, it will be difficult for credit were cheaper than these offered by any foreign agency. the U.K. to hold her own these Breas without an Inlen- sive drive. and unless The utmost attention is paid to the relevant sales factors.
In
FAM DEALING ASSET
ing is the most valuable
The reputation for fair deal- bangt the British have in the Middle East, but in numerous markets it was clear to the mission that nionc would not soil. The price factor was vital.
quality was evidence, however, of "bargain hunting" and short covering, market men said.
The volume of 7,610,000 shares compared with 2,380,000 stuures yesterday.
Metal shares showed srtengih, Out of the 1,132 issues tradext, 030 were higher, 234 lower, 200 unchanged.
The NY Stock Exchango bond volume was $2,800,000.
Tho
American Stock Ex-
volume change
Was 350,000 shares.
110.79
Ceylon Tea Allocations Unchanged
Colombo, June 10. The Commerce Minister, Me Scannayake, armounced
"Many Middle East pur- chasers have lost faith In Bri-R.. tish delivery promises, and stil domplain about delays, which in too many cases had been left unexplained,"
in Was
where
today that 65,000,000 pounds of quality tea will be allocated for the London Auctions this year the same amount as last your.
An unlimited quantity of common tour may be shipped, he also revealed.
A
1
total of 85,000,000 pounds will be available for the period ending in June, while the the maining 30,000,000 lbs, will be their earmarked for the succeeding
for six-months period,
To retrieve the position and restore confidence, the missiers recommend that British many- Burmese leaders see in at the
Lacturers should adopt state religion of Burma | pure form, unsullied by Western
practicable, the penally clause, return to the old standarila though under the Constitulon || Influence.
There seems to be consider- Dow Jones closing
as a donc on the Continent. Averages of traditional family
holds 4 "special position...as The Golden Age of dancing
abio interest in Hongkong about were:
The greatest need of the faith proferred by the tion and respect for elders, majority of the citizens of
vast during the reign of King Mindơn
the role focal industries will play industrials
320.13 Middle East countries the (1853-78) produced what seems combined with spiritual be- | Union."
to In the new Kai Tak air port ex- 10 rall
107.31 development plans to be perfection in the style close the market down 5 to 9 tension rehome. A number of a utilities
trained men. The mission re- stocks liefs, the only way to chan-
been Ceylon tea crops have between the
190.57 commend that the UK. should exceptionally good this rather points on the day. The market businessmen I spoke to this week 40 bunda
year, postures of form and the somewhat jarring
the older opened unchanged to up 1 point. on this subject
170 d select men of the highest quali with production are very in- Comm. ure price index
figures show- fications to advise those Govern-mg on excess of over 30,000,000 Tinding volumes and open interested in the project, and be- agility of the moclern which
terests in the Exchange today
ments whent invited to do so. enlls for virtuosity rather than
lleve they could supply much of sensitive art.
_2": | pounds over previous estimates. There is a potential market Offerlags at the two. were:
the material and equipment re- New
recent for port equipment and con Colombo auctions totalled tractors' plant at Latakia Port | WANA
record average
of 7,300,000 In Syria, whore new works are
pounds at each auction. due to be completed by the end
The Minister stated that if of 1950,
Ceylon necessary,
Intended to Kuwalt State's programma of cut the allocations for the Leu-
over the next few
nel the enthusiasm of the abilities in Burma
There are no religious dis-
young and
society.
build a stablenden; that
and UN because of the tolerant nature of the people, and Buddhism, the position will anything do] remain like that. He has four But more than they look to a great upsurge in Christians and two Muslims in The school is devoted to the the religion of the his Cabinet and non-Buddhists task of keeping alive this pure country's also hold high positions in the form and has recrufled children the
armed forces and exreutive. from ail uver Bumn, giving them general as well as danc- During April # mission
Ing etfucation. Burma-torn priests represent-
the country's Catholics The visited the
Buddhism. major ty
کردم
17.500 00 people,
Buddhism has
never Bagged In Burma, which has always been one of the most religious ins countries in the world, but it
As felt that a new and constant Government's
re-affirmation
peace
who Ja
of
chiken-he oldest Vatican at the was recently gave a display 4 of startling beauty and rhythm
expense
ofi
Ja of its principles goodwill visit Inspired, it in Rangoon For seven nights. and of its complementary nature believed, by the Prime Minister, they drew packed houses and with progress und
himself quite frequently gave demonstrations of dancing attends special services in both lessons and the various sleges needed.
Protestant
and
Catholle of the development of the dance. Under the inspiration of the Churches.
including the Influence of Indian very devout Prime Minister, U
anet Stamere (Thai) dancing. Nu, Great Council, only the
To the music of flute, drum, hold
in the 2,00U The the death of
jeyinbol and clapper, they danced
sixth to be
years since
Painting Schools
Burma is also trying to recap- with all the assurance of veteran Buddha, has taken place in Ranture her traditional styles in the performers while retaining the goon during May and will, in arts which many feel have not grace which the course of its two-year meet been improved by contact with only to children. ing. coddy the scriptures.
The Council's buildings are
Jater
comes naturally
Western civilisation.
The yours of British colonial
Superb Clowns
An- Upper Burma in
The little
boya and
traditional
clothes,
Open quired but they say that as yel Interes It is too early to expect any in-
504.000 233,500 diention from Government as to 332.000 what their precise contributions 256.400f any-will be.
Month July
Volume 10,700
October
December
11,100
March
1,800
May July October Total
1,500
191 200
6,1100
1:00
03,500
23,100
13,100 1,077,220)
(balem) -United Press, NEW YORK PRICES
New York, June 10. Prices of cotton futures closed today in US cents per lb, as
follows:--
Spot
July
Oriber
December March
May
Julv
October
325n
31.17-10
24.00
34.09
31.24-29
34.23
34.14
39.42
United Prese. LIVERPOOL MARKET
TODAY'S STOCK EXCHANGE
-United Prens.
York Rubber
Market
New York, June 10, Rubber futures elosed today to 50 postita higher with sales of 112 contracts.
39
Speculative buying, prompted
new works
indicates that a
large
firms
don
"severely" in the
local auctfors
to handle so averngn of 0,000,-
·
000 pounds each weekly sale.
The proposal to reduce Lon- dóti allocations draw praiss from industry circles.
years Includes the construction futur to by Geneva-Indo-China uncut- of a new harbour, and the re- tainties, plus a paucity of ship. | port ment offerings because of the number of Continental Singapore holiday, all combined are interested in quoting for to put prices on a higher level. Its construction.
In the spot markoi a quies business included some three sheets at 23 cents a pound for both June and August delivery, Landed.
PROPOSED DEY-DOCK
In the Lebanon, there
The Chairman of the Law Country Products Association,
is a Mr. S. Pathmanathan, said this proposal to form a company for polley was a step in the "right"
of building
and direction, adding "we see in it, Spot Rss No 1 were quoted at the purpose
operating a dry-dock primarily hopes of establishing Colombo 23 cents a pound, nom. Prices:
use of tankers serving as the centre for Ceylon tea."--" 23.40 for the 2100 the Levant coast. The total United Press,
capital cost is estimated to be 24.50 about £2 m and Д project
(From Our Correspondent)
Business on the Stock Ex-July change toddy amounted to September Liverpool, June 10,
$142,640. Catton futures, in perce per the morning's dealings:
Noon quotations antecember 1b. and based on American | KHANES BUYKAS SELLERS BAKER | JUŰ middling cotton, 15/16 inch, BANKE closed today as follows: October/November December/January
to be used for World rule, especially since the Buddhist University which will nexation of
girls, March/April be added to the Institute for 1885, gave little encouragement enjoying their dancing and May/June Buddhist Studies, for which the to the indigenous arts. But the dressed in the most gorgeous The official Ford Foundation had provided
Intense national feeling which it
showed cotton, as announced today are funds, New pagedus are being prompted helped to retain the Burmese dancing of its best-all unchanged except: bulit and old ones repaired as Burmese national costume at n
1qs stylised than the Indian Egyptian outward signs of the people's time, witen many countries fra
and more graceful than the
Rarmak good/fully/good 44.00 nom. faith, while
43.50 Gica. 30, every encourage Aala were
Ashmotini, turning to Western Siamere.
41.000 ment is being given to religious drose.
The Exchange will be closed studies.
tomorrow, Friday. United Press,
Bitter Critics
Asia and the world, and that
The clowns, without whom no Now that Burmese has re- Burmese dance or play would be Three placed English as the official complete, were superb. language of the country, is is boys, aged 11, 12 and 14, show- U Nu believes the Buddhist hoped that there will be un im- ed a mastery of the technique religion can offer a great deal to provement In the standard of of buffoonery which would have
literature. A carned them vernacular
applause on any sponsored by the stage. society
They had perfected the now is the time to focus alien-Government la in chargo of the timing of changes from serious- tion upon this fact.
lasic of translating hundreds of ness to humour to slapstick, the olasales and technical books into which is the basis
comedian's ort. Burmeto.
The school, in Burma's old. capital which is still the centre
hds
opened
Bio policy has some bitter erides who call it unworldly andi
A painting school to teach the a waste of money, Last year, the Minister for, Culture, U Tun old, pure Burmese art has been Fo, resigned from the Cabinet started in Rangoon, while the Enying that the country could Government ill-afford the money. It was spending on the Council.
The Prime Minister, however, has practical as well as spiritual answers to "give his critics. He argites, "and facta prove him right, that Buddhism, with its creed of non-violence and belief
factory near the ancient capita of Pagan, on the Irrawaddy River, to revive the art of mak inu lequer ware.
ot
of the country's religious life, will ister expand and teach for this us plays, which have more drama. There is less need continued in the rame forth for centuries and often with the sabad plots, have never suffered the docline that "dobeing bod}
The
•fined of
Supreme Dancing
Butma has navėj
Indigenous-ulture
LJ
VILLA
LONDON METAL PRICES
Provident
Bhai Kurd ..
Humpty
UTILITIES
88
1000 @ 6.88
May
74.20
United Prem.
LONDON MARKET
London, June 10, The rubber market was firm with No. 1 Ras spot quoted at
Prices; 600 10-7/10 pence per ib.
No. 1 Ras spot. 199610-7/16
Bettlement house term:
1932-1915
General markets, elf Basin, pert.
CHICAGO GRAIN
has been prepared by a New York Sugar
Arm of consulting
engineers,
Speaking at a Press con- ference
D. in London, Ar Heathcoat-Amory, the Minister of State at the Board of Trade, and Sir Edward Benthall, who
LONDON WOOL TOPS
London, June 10,
Market
New York, June 10. World No. 4 sugar futures closed today unchanged to 1 point lowrer with sales of 273 contracts..
Domestic No. O sugar futures closed unchanged to 2 points
cez- lower with sales of 134 tracts,
World futures.
The wool lops futuros, marketi
showed Uitlo closed stendy with a turnover of change In a quiet market:
While no raw sales, developed.'; Closing prices were id penes dealers noted many padding in
quities,
TK Dark .. 1630
10
5 A 1648 1645
31A5
Dost Asia
173
31.39
INSURANCIS
31.33
Uhton
31.24
prices for spot
Lombard.** SHIPPING
Asts Nav BOCKS ETC
Underwitter 0.00
50
03
3000 1.05 July Aug. Bøpt,
1012-10
1920-193
Del/Dec.
1592-101
(Old) Wherlock LAND, ETC.
11% ficted.. 5.09
111 31.90
Jan/Mat
20-2011
Apr/June
2014-20
1000
8.03
June
1911-10-5/10
July
10-10-19-5/11
L
1000
9.18 | Aug.
IX Land
0314
20 54
Estate crepe thin.
19-5/18-191 2314 Unfled Près,
1750 17.00
84 lots.
Tram Búr Perry a
Light (0) Light (NÍ
PRICES
per is..as follows: :AND
July
Sept.
Chicago, June 10.
Oot.
.... 28.10.
Prices par buhel in ceris:
Dec.
JOTI
Closing
Mat,
Priced
300
May
June 10
July
72019 2241
25.10
Wheat, No. 2, zai
Jept.
Oemerit
27,70
Spot
23011 R735
STORES, BIe.
Dod.
Верт
Watson
OUS.
Yangiare
6.03
16.50
141
Mar
000039 Cars
NO, 3, yellow
Exchange Rates
London, June 10, The din market was firm wklie the rest of the markets were sleady but quiet. Prices closed today in sterling per long lợn as follows:
Buyer Ballers
Tin spot
3-month Copper spot 3-month Lead June Sopt. Ziya Jube
NEW YORK FUTURES?
1 New York, June 10,-. Price of metal futures: closed.
in the sanctity of Him; la Among kay her fisterer, boen, particularis Cháu Valˇtið safeguard | today. Art::UB · canta pér «15,"! ##.
the best answers to the threat
of Communiser in his country and Asia as a whole,
But the Government em phaalros. that Buddhiana is not
strong in the viguri difisy-but in religion-and the two, huve dis
| dancing!, sha jami, biotti vuprozne; ways been
on a roup of in their growth kha Chislams have started school the leaders: believe♬
Marydaley to keep alive and strong based for the haw, watrare revive Burmese dracing in its state chind Mall. Spacial,
Electric
Telephone INDUSTRIALE
Yeumati
23.10
1414.40-
11 11.30 000
United Press.
But is expected to buy -10,000, tons of refined later is: the month.
Domestic futures were interu- tar 'in a qület miarket. Priden) Cohimot No. (world)
NEW YORK TOPS
New York, Jine -10))"
Prices in US cents per... Ib. closed
toddy. «@MY!!
points higher. "Futures "Ulotkopfi con