The Traditional Festival Of The Gondolas
THE CHINA MAIL, FRIDAY, SEPTEMBER 17, 1954.
General view during the historical Festival of the Gondolas on the Grand Canal in Venice. Some of the many craft taking part can be seen as they pass the
famous Rialto Bridge watched by the vast crowds.-Express Photo.
House Of The Sphinxes Yield Clues To
Mycenaean Language
Athens, Sept. 16.
Professor Alan Wace, the British archaeologist who has just finished the season's "dig" at Mycenae, intends to go to the Princeton Institute for Archaeological Studies to investigate the significance of this year's finds.
The finds include 16 inscribed terra cotta tablets discovered in the House of the Sphinxes (so-called because of a plaque showing two sphinxes delicately carved in ivory found there last year) outside the walls of the ancient Akropolis.
Dr
The American Professor, Enummet Bennet and the British architect, Mr Michael Ventris, both experts in the Creton and Mycenaean scripts, are studying the newly uncovered tablets.
The tablets are in an excellent state
preservation. They
int'asure 13 centimetres by rentimetres nud were found
Papadimitriou in the Mycenaean | ing to tradition, King Agamem- Princess's prave lost year.
non, conqueror of Troy, WOS Although the presence
while of treacherously murdered
taking his shower, by his faith- less Queen, Clytemnestra, and her loves, Acgisthus,
J
large bou sca outslide the Cyclopacan wall
points to prosperous centre at peace with the world, the Akropolia itselt was well prepared to withstand
n stege.
10
In
the cellar of the House of the Sphinxes.
Professor Wace believes
are entologues of
they
inadities and,
that
con-
he says, appear
to be more important than those found last year.
When these Inblets are de. eiphered they will throw new
Right on the life of those people and help us in the study of the Mycenaean language," he state here before leaving for Britain. This year's excavations have also fully confirmed that the Mycenaeans were Greeks
during the thirteenth verdury before Christ peace prevalent in Mycenae which
was at that APCVOUS.
time
very
and
אסור
Situated strate
on top of a hill, it
an unin- terrupted view over the plain stretching away to Argos and the sea.
Although hills rise reund it on one side, they are
from 1 by separated
a deep valley which forms a nutural moat.
It was, too, well equipped to withstand
10 a stege
a land where an assured water supply main Is always
the problems.
the Visitors who climb up
The rough paved road through Lion Gate which is, properly. the lonesses' Gate,
the for extremely satisfied
beasts rampant over its portal, with the results of the excava
gets its name, tions which I have conducted from which
are lionesses not lions-over a at Mycenae this year."
worn by ancient During his work at the House stone slep
which is the Greek churtots, may still see, the of the Sphinxes,
great cisterns, or stone tanks, most southerly of three large which every possible drop houses found outside the walls
of rain water was diverted for of the Akropolls--the others are
storage. known as the House of the Oil Merchant and the House of Shields Professor Wace
also found 15 large jars which, it is believed, were used for storing cil, honey and dried pulses.
*
This year's excavations also laid bare the
have
foundations
of the house, which were made of large sicnes, while the 10- 1com superstructure was built of brickwork and large pieces of wood.
House
the Neur die
of Sphinxes,
containing a grave one skeleton was uncovered, Also in the grave were eight well preserved jars, in which the funeral offerings had been placed.
and some copper
jewellery.
Preliminary excavations con- ducted by Professor Wace on the Akropolls of Mycenae brought to light the foundations
They may see, too, the ruins at the bathroom where, accord-
And becative "watér Whể, "30 important a factor in the lives at any of these people, liable Une to be besieged in their arid, hill-top fortress. one of the features at the Akropolis most proudly displayed by the guides today is a subterranean passage which leads down the hill and passes outside the walls to secret spring where water could always be drawn.
The presence
A
of the spring, 11 is stid, was revealed by toadstools. Tradition has it that an ancient Mycenaean rooming the hillside in search of some chie to water saw the toadstools, chie knew that they must have more moisture than the hillside nor- umily provided and gave orders for the spot to be dug.
the
Today, after 3,000 years, the subterranean passugo, with its characteristic triangular vaulted roof, is used only by the curious to probe into the life of past. But the visitor, retuming hot and thirsty from his voyage back
the ages under n through
can still refresh boiling sun, himself with water from the secret spring, brought through a conduli
the to a point near guardian's house below the Lion Gate, Chino Mall Special,
Never Too
Cold
For Mice To
Raise A Family
Oxford, Sept. 17.
TRADE
GATT: THE
Sharp Criticism Expected At Blackpool
London, Sept. 16..
Sharp criticism of the General Agreement on Tariffs and Trade (GATT) will be expressed during the debate on Imperial trade at the Con- servative Party Conference at Blackpool in October.
This debate is expected to dominate the world conference.
At last year's meeting, the party's rank and file came out overwhelmingly in favour of a modification
COMMERCE SECTION
Page
TORY DILEMMA
United States Wool Consumption
Washington, Sapi.. 14.. The Commerce Depart- ment announced, today that the weekly average “raw wool consumption woollen and worsica system durlug July wils 4,806,000 pounds, scoured baals, which was 9 per cent below the Jung level.
The consumption of car pei class wool was 1.470,- 000 pounds weekly in July, or 21 per cent below June: and the average weekly for apparel class wool was 5.- 250,000 pounds, down 3 per cent.
Consumption
of fibres other than wool on the same systems in June was 4,387,000 average weekly. or 4 per cent below June. -United Press.
of GATT and other international agreements to restore NEW YORK Britain's freedom to extend Imperial Preference. (GATT specifically forbids the strengthening of existing preferences. )
Most Conservatives now re. luctantly recept the fact that na
for increased prefer support ences is likely to be forthcoming from other Commonwealth
But there is a countries,
hard of Tory opinion which maintains that of Britain gave a lead, the others would follow. It suspects the Government of dellberately side-tracking preference issue.
core
the
The Empire Industries A550- ciation and British Empire
World Cotton | Markets
League is staging a demonstra- tion in a Blackpool theatre while the
Js In conference ssion, to press this viewpoint.
EMBARRASSMENT
deman-
This "unoffelalTM stration will no doubt prove an acute embarrassment ka the Party leaders. Apart
the large from
personal following of its president, 81-year-old Mr L.8. Amery, the "grand old man of Empire Trade, the Associa fion and League numbera among
its members 250 Conservative MP'. and more than 150 Tory peers.
over
Among its aims are the deve- lopment of Empire ually the extension of Imperial Pre- (crence
in production, trade and transport.
Last year's "revolt" party's rank and file the Government's
STOCK
MARKET
New York, Sept. 16. Top-ranking industrial shares climbed a point mere in late rally today
to lift prices to a quarter-century high.
or
new
Gradual Recovery
On Hongkong Stock Exchange
By A Special Correspondent
With the exception of the Utilities group, most shares on the Hongkong Stock Exchange have now recovered almost all the ground lost as a result of nervousness over the Quemoy incident.
The slight "scare" caused by the artillery duels in Amoy bay lasted until Monday and then the market started to recover slowly. Actually one could hardly call the downward trend a "slump" or a "recession." Volume fell away and brokers tell me that just a few "jittery" people sold.
Unions
Banks ond Binched once. Utilities,
་
never authority" that there was going Indus to be a new issue.
trials and Stores were affected The Wharves groun have been parity by the shelling scare, quietly uninteresting but Rubbers partly by profit-taking and attracted a little more Interest Partly by adverse company than usual with the rise in ten- reports circulating at the sume sion over Quemny. Both the time. And in between came the raw material prices in Singapore Moon Festival last week-end is well as local share prices which left the market neglected rose. Amalgamateda sold at 01 WHE
Friday and the preceding Fri the following Monday.
and 82 cents yesterday.
Turnovers have been below Let's take a look at
average this week, Forms, for instance. The share! slipped to as low $24.10 on
on the
Dairy
September D. It will be remem- bered that there had been some Gains of around a point or more in leaders such as Bethle-outbreak might spread from the fear that the Foot and Mouth Steel, Goodycar Tyre Territories. Yesterday's
that the Farm's herd had been immunised with a Dutch vaccine helped sentiment End they climbed back 13 525.
New Jersey,
Standard
OU lifted the Dow-Jones Industrial average 1.74 to its best level sines Oct. 11, 1929.
Ralls were and
narrowly mixed and off a few cents on average, Vullies were fractionally bigher as a rule.
New York, Sept. 10. Cotton futures drifted irré-
by the gularly lower today after a firm
against start.
trade policy Prices moved as high as 48
the opening in still rankles. with Conservativa cents a bale ut active dealings, lifting nearby and March October, December deliveries to new seasonal highs. Foreign and domestic price fix- ng absorbed a fair amount of hedging.
lenders.
Trading through most of the session was routine, with prices narrow and mixed and volume Ught, Demand. developed for lop grade issues when early realising uncovered, on further liquidation. 44
day,
news
Cements hove been erratic. They slipped to $20 on profit- taking but came back strongly and Fold yesterday at $27.80 and $27.00. Turnover was only 1.500.
ar
TODAY'S SHARE PRICES
(From Our Correspondent): Business done on the Hongkong Stock Exchange this morning #mounted to $305,807. Noon anti the morning's
AUANER DUVENS SELLERS BALES. BANKS
HTC Bank .. 1719 1725
201710 INSURANCES
Union
Underwriter 7.90 8.10
SHIPPING
YAUMATIS LOSS
Youralls have fast a little | quodelions ground recently because of rét" į transactions; ports that their new or bonus issue is not likely to be ́ VIEWS IGNORED
nounced with the interim Activity picked up on the rise dividend but is expected Inter Although resolutions adopted
AT turnover, nevertheless,
this
year. This caused disap- by the party conference are in trut no way binding on the Govern- totalled only 1,880,000 shares, pointment, naturally. but the attracted ment, many The advance later
Conservatives compared with 2,110,000 yester-
share has only fallen about four dollars from its highest point. party leaders have profit-taking and hedging, and believe the
Brokers point out that this is the far-off months fell well be flagrantly ignored their views.
close, while
The situation has arlsen," low the previous
largely because they are fairlyĮ held rela-
sold
member of
closely-held shares one prominent the nearby months
the so-called "Amery Group", Uvely firm.
Market men attributed the "in which Conservative Govern- buying in part to expectations ment policy is directly opposed of a tight spot cotton situation to Conservative party polley us because of
of the Government loan | expressed programme, the cutback in cot- ton acreage and the favourable crop outlook.
of
It is beloved' in cotton eireles here that increasing entries cotton into the Government loan will intensify the tight situation shaping up in supplies of 1954 crop collon.
today
Среп
Interest
Trading volumes and open in- terests in the Exchange were:
Volumo Month
October December March Mny July October December ~March-
Total
ence."
at the
OIL STOCKS
Oil stocks were among the leaders on the upswing.
Non-ferrous metal had gains
to 44 points
in Tennessea Corp. Anaconda, yesterday's active leader, rose Ti point. In second place on the active list.
fast. confer-ranging
****
The Government's barrassment is increased' by the fact that the Conserva- tive conference will be held only a week or two before the ninth sessional meeting at of GATT in Geneva, which one of the chief items on the agenda will be the tong-awaited review of the Agreement.
Colorado Fuel and Iron was the day's most active issues, Iti rose to $18%.
with Issues
atomic energy Interests continued to do well. Anaconda reflected news of its expansion of its new Mexico urenium plant. Union Carbide, with a subsidiary building › a $31,500,000 titanium plant, rare nearly 2 points,
33,000
made be 104,400 An attempt wil 07,900
$3,000 before the Geneva meeting 47,700 579,800
the before 540,000 and, incidentally, 37,000
60,300 party
reach conference --- 10 40.300 agreement between Common- 1,300 wealth countries on a colicctive 2,299,400 approach to this revlow.
bales.
13,500 3.700 2,100
Conservative leaders wilt therefore be anxious to avoid a Prices of futures closed today head-on clash with the con-
NEW YORK
as follows:
Spot
Qet,
Dee.
star.
Max
Jily
Ost
Dre
Mar.
NEW ORLEANS
23.800 2453
stituency parties on the Empire trade issue. It will require great 2514-18 diplomacy on their part to allay the fears of the Conservative 3551 rank and file without jeopardis-
395.00
ще
Electrics which rose é fort- night ago. on reports of better figures for the first six months, dropped almost $3 on profit- taking but have recovered now to $3244.
In the case of Trams there is
still apparently some hesitancy about possible developments
ver the dismissal of the 31 em- ployees. The men are, sull PIDS receiving "comfort money" and there is no suggestion that the union has shelved the issue. Al- though the position seems ren- sonably quiet at the moment Investors may wait for at least few more days before buying again. They told yesterday at $19 a $18.00 compared with ngo. fortnight
Nanyang Cottons came on the Other chemicals were mixed market this week. I hear their two points.
issue was oversubscribed
Out of 1,202 issues traded, 532 were higher, 360 lower.
The New York Stock Exchange bond volume was $3,090,000,
The American Stock Exchange volume was 810,000 shares.*
DOW-JONES
AVERAGES
Dow-Jones closing averages on of an agreed Wall Street today were Commonwealth policy on the follows: future of GATT.
25.07
23.03 30.00
ing the chances
33.08
Prices of futures closed today| as follows:
Apot
Det.
Dec.
Mar.
Biay
Oct.
Dec.
Mar.
Mice can raise families at temperatures below July freezing point, Dr S. A. Barnett and Miss Brenda M. Manley of Glasgow University told the British Association for the Advancement of Science here.
54.40
31.01
29.17
33.40*
35.32-33
25.00
35,07 49.13
32.78 31.00
New York Sugar Market
New York, Sept. 10. World No. 4 sugar futures closed today 1 point lower to points higher with sales of 135 contracts.
tracts......
30 Industriale
15 utilities
20 rails
65 locke
40 bands
05
352,37
110.16
60.20
130.38 100 $4
Comm, tuture price Index, 173.03
United Press.
Chicago Grain Prices
·
Prices
21 day
Chicago, Sept. 10: Domestic No. 6 sugar 'futures closed unchanged to 2 points
Prices per bushel in cents:
Closing lower with sales. of 156 con Wheat No.
No. 2, red Spot There was
a fair amount of Sept. 214
2121 (1) 278 inquiry for sugar in the world Official values for spot cottons raw market with Germany and Dec. Mor. Included:
India" expected to buy additional May mgered.
Oct/Nov Dec/JAD. Mar/April
May/Ju July/Aug
37.75
LIVERPOOL Closing prices, American mk- diing, 15/16 inch, in pence per "They said research into, this saw that the mice in the cold, were as follows: of a building belonging to the had been trade because large room made very complete ́ nèris
meat kept in Hellenistic pared. A cellar in it stocks of
cold with the wool duffed up. In the had round holes in the floor to
war had been warm room the needs were #torage in the hold the large pointed-bottom the home, breeding ground and casually made and not as cosy.-- Jars which were used by the the foodstuff for mice even China Mall Speglai, oncient Greeks to hold wine and | though temperatures werb a the like,
long way' below freezing point. Working nearby, Dr Jounnia Experimente into how Papadimitriou, superintendent manage to live and raise, familles of Archaeology in Alilca, has in intense cold had so far shown ungovored two more graves in that they
can breed indefinite-
mice New York Foreign
Exchange
the area where he excavated 19 | 1y' in the cold coom, though not
In 1952 and 1953.
These graves probably
„datə
back to the 18th century before
Christ the Middie Bronze Age. In one of these graves'. WIX- the skoleton" of a womans wigara
ing a gold diadem, gold jewal>
ar
quleidly as in a warm, room.
third
One sizsin óf white rice `had:: ́ ́ resched --' tha"
generalion in nine months in the cold roon. The same
Jory and copper pine. With her in the wars dream were copper containers and torra.
cotta Jerek
the
M
Magn. The fourth gEIMER="
adornod with patterns. In the cold rooms: the mamber quomote lead designs, Same of natbed and thole thing wwarm
ains ad rock crystal, heads might lower.
dian" in "quality + to the rock satin both rooms the mice were
of the goose-shoped
3
Waterboat. 20.30
POCKS, ETC.
Dock Providen
(Old)... Wheelock
LAND, ETC.
100 to 20.30
· 22.00*
14.30 14% 150 e 14.00
7.03 7.03
101
HK Hotel 10,40 10.50.1000 HK Land XD 371 661 300 & 68 Humphrey
50.00 Realty 2.03
UTILITIES
Tram ....... 1914
Y'mati Ferry 104
837- AV TÜLMS
500 14.70
C. Light (0) 1815 15.70 000
C. Light IN) 121) 12.70
Elestele XD
'Telephone, 21.3027.20 INDUSTRIALS
Селеле
....37.30 27.DO: ACD 1000
STORES, ETC.
Dairy XD 24.50 2
Watson L. Crowford 23.30 COTTONS
Nanyang some
"VRATTUIZA
Allled
7.10
10.30 10.40 4300 @ 10,30)
4.15
times, or, in other words MISCELLANEOUS that they received applications for
$10 million worth of shares (which gives some idea of the
$10.40, dropped World Rubber
maney position in the Colony at the moment). The new shares started off · vi
on Wednesday back to $10,20 and sold yesterday between $10.30 and $10,40...........
LANDS QUIETER
Markets
New York, Sept. 18.; Futures today closed 10 to 15' pointa higher with sales of 76
་
Land issues generally have been quieter. The rumours have It that negotiations are contracts. going on over the Pedder Street
The market was very quiet Chinese plot between the
small volume. A small and With syndicates and Hongkong
ares amount of consumers were re- ahores Shanghal Hotels. The have slipped back from the 11 ported buying sparingly.
In the spot market, No. 1. Ras Icval of last week to $10%, how- ever, which suggests there is no were quoted at 24 cents, up Immediate hope of an agres from yesterday,
Future closings were:
ment.
Humphreys are settling down after a week or two of excite ment when the Ice House Street gcsips had it on very good
London Foreign
Exchange
(Harnak good/tully/good
Glas 30,
4243
By Ashmount;}
American midd
18/18th inch i
33.47 fibers possible buyers dt 0 cents May. Lisand inch 3345 a pound. Mexican middling. Argentine No. Zavrususiy mulk b Future closings; < S-27017 JANDA SAO PAULO, drange Contract No « (world);
Carn, No.. 2. yellow 4 Domestic raws were belleved 201 **4-40.75 available at 8.03 to 0.05 cents a Doc.
Lpound, delivered basis, with re
· Kepi..
New York
·Mar.
July
Byn
Epl.
·New York, Sept. 16.
tinofficial "...
England-official
Australia
«90-day futuAPOM'ENİ
New Zealand': South Africa
Carndian; dollar rate: Spot:
Future:
give button wool with which to
Futures closing prices,indi Pate uruzeiros, per kilo were as fold Max
Deer
Montreal Amsterdam
Brinela Copenhagen
Blackholm
Zurich
London, Sept. 10.
11
21.0213
Prese
Exchange
Rates
Dec
Mar,
May
July
Sept.
AMSTERDAM
34.59
222222
KERARE
The market was quiet, Prices - closer today, ing muliders”, per kilogram. CIF Ort, as follows:"}
rubber-22.00 buyers
No,
Ka. A rubber fra: 11,90".
No. 3 rubber) 156 buPRES
No. & crapa 225, birge
LONDONA
The market was steady "with"
No:1, Hang quoted "at: 203 panel)
për 187 Pricestillede
No. Strubber spot, (Ras
"Bettlement, houm!