'THE CHINA MAIL THURSDAY, DECEMBER 16, 1954,
XMASOVER THE WORLD
The China Mail Presents The
First Of Six
Articles By Special Writers
at-
The Christian world is preparing to celebrate Christmas in an mosphere of diminish- ed international tension and, in
war-
many
damaged countries with greater prosperity at home than at any time since World War H.
Y el per still ram!.
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11
1,954 Mariaga mdf w Cet abi
wi.ero
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the world 1
Monet war [:
10
!! beruhigung peopl
נד
11 pend
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} İ.
th
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tend Honal family!
Even be
J
11.
יז
123
in the Sovi: mon
are having then.
munis a
alt deten! by providing
Jers the materbed trappings
a! ..t
Church of the Nativity at Bethlehem,
V Dolurns.
the Christmas retelina lyns anden Christ & homeland, a new
ruise
*** 3
Christmas, St Nicolas Ramblas (the Arsfant
Faltri
14 largely 3
La
trust.
Only AT21:11 mary ench of the two countries week
Covers
19
several nites asa selated with the Baviour's birth. This basilica was built by Constantine the fa^niit:end in A. D. 330 When this part < Palestine 141 Inig Mox'em honds, the church was partly de trayed, but it was restored by justinian about A D. 550.
the Way ut The claim is Tribute for the honour upon 1. 1,984 years betowed af
In Israel, are Nazareth, thepo. Thousands will throng its telike states, wars evry-home cown of Jesus Christ, the
on December 24
It has a dar
· ] * * t
Sea of Gallice on the shrines beremes for a short space the Cuin bellef, the
nt The s shores, mi ger le 31 ant thes
thoughts of Talor. and Jersualem's Mount Christians the world over. Zion, seen of the Last Sun er As the crlcurful procession.
T. the peoples living
hended today
by the Lan Patriarch Che
Trives There from Jerusalem. Be hichen for Ligh
will
present the gavest at pletures,
the To
sound of hymns, 1. 118 shi, the Lord of Peace. To the Beatiture the Patriarch Alberto Moslems and Jews, Gori, surressor to the Crusaders' Christmas Is a Hrly Day cele- title, w{1} stoop 10 enter the brate by others, to be watched little door, just a hole in the with respec and work-sily Imoarive wall
the Intress- As devout Chris fans makeke Bastlice of the Nativity, their Annual pilgrimage to fend walk to the throne in the
on Christmas Eve, chah of St Catherine. Bethlehem
rmed patrols of Israelis
When the evening
ervice And although the emphasis of Jordanians will be facing each over and the bells ring out, the the celebrations has been trans-ether across the bordre, suge cathway realy empty ferred from Chris'nas to the
gr. swirls of fragrant Incense, only ere end far en New Year, the children's par.ies At one point, however, along to mi again later in the night remain. Whether purposely or the tortuous border, the Chris - i when Midnight Mass la offered. hy sheer entoeldener, the biggest
mas spirit will prevail and the Children's
party
Arab year-long dipun. ween tou, is to be held in the Kreal n and
Jew
is set aside in honour the Or.hodox Christmas Day.
Jerus who bring presents to chi tren In Chris.fan lands, have been replacei in Com ist
Coun
fries by "Father Frw{". who performs the summe MOVICUS chuldren +ugh frosts their earliest youth to despise Gu
In Moscow
n
Chunuary 7,
in Mos
Ow.
11
of the day. deserted
in the Irfe World. Britons harted
br. ang
Wher
rtion=f. |
Ternel's
For
the
usually with lued square wire and concrete
Jerusalem new
of
Rich Robes
The Latin Putriarch, attifed
In his rich robes of ermine and i embroidered silka and wearing
in their bigger speso dragon's teeth, and surrounded golden, be-jewelled mitre, Ane the wit, ice cel by war-scarred buildings, which then re-ascends the throne and
༧ -- h the e' between
the Best Chrls mas Mass begins
• mg s.nce 1939.
and in the glittering church. They
unother 140 preparing their Jordan's Old City, comes to life Inter.
procession festivities, too, with the kaɔw-Ton Chriumis Eve.
forms and down the slinnery, leitge
safely that the Queen,
well-trodden sairs the Patri There, Isrueli pofiremnen not
to the home from her highly SUCCERS- Jordanian
Join arch solemnly desechos Rendarmes
of cryp: carrying
ful Commonwealth Tour. will efforts to smooth the way nynin be making her traditional the Christian pligrim to Bethic-
Christmas broadcast
a lite-size ro- the Infant
nf "re-anitation There, in the
restated
from her hem. home at Sandringham where Across the 200 yards of 10- Grato of the Nativity, she is spending Christmas with man's-land. her family.
hundreds of pli-hy 53 grims will walk in an endless La in stream throughout the day.
DVET her
But his very fact has cast
feeling New
1
anti-climax
Zealand
where
Sunday Best
Majesty and the Duke of Ein- Black-garbed nuns tend their
burgh spent
crippled and bund charges.
Christinas last
women
In
TRADE and COMMERCE SECTION
Paro
U.S. TARIFF NEGOTIATIONS
Mistaken Policy To Buy GATT Membership At Home Expense
Washington, Dec. 15.
U.S, intentions of cutting American tariffs in favour of member- nations of the General Agreement on Tariffs and Trade for their acceptanec' of larger Japanese imports was described yesterday ́as a “mistaken policy of buying Japan's membership", 'in GATT "at the expense of certain American producers.”
Mr H. Wickliffe Rose, President of the American Tariff League, made his charge at the opening hearings preliminary to tariff negotia- tions for the benefit of Japan.
Mr Rose said he based his observations on three postwar visits to Japan where he sludied the Japanese textile industry in its domestic and inter- national aspects.
World Rubber
Markets
Slugare, De to
itr
Referring to U.S. interilions į Western countries by absorbing of offering tarkít concessions in greatly incrensed quantilles of Europe in exchange for similar Japanese good could keep her
Juspatr concessions to
imports, from trading with President League
asked | countries. whether such
would countries
Ho be smart enough to enter Russian "not be the
with trong negotin Jens prejudices against Japan and this hereby increase their bargain-res rictions
GOLD FROM WASTE
Paris, Dec. 15. The French gold-mining company, Milnes
do Belllets har discovereil what is said to be a "res velationary" process for recovering gold from de? wr.ste. According to well informed -eireles, the mer thod will shortly be
ap- plled in the U.S. licence -from the French combaby. farther details available, Chinx Special
No
are Mail
Singapore
Stock Market
Singapore. Dru 10. Brokers day stroked following stock prices;
thres scadd th
1-1
זוויי
NEW YORK STOCK MARKET
New York, Dec. 16. Bethlehem Steel led
A
late sharp rally in stocks small which turned early lossos into gaine ranging well over a point in all
groups.
Volumo picked up on the mov and fedi kumover to 2,740,000 shares from 2,050,000 yesterday.
Bethlehem soared 19 points to $100 %, a new high inco 1917, and others followed sult wih gabus vandng to 23% points in Younarstown Sheet And Tube, slated for
with merger Bethichem.
he
of
Dr Dre 10 Clena Opensta
237-
715 Cryn. pred son
$1010
Communist
MO
F
&
Seve
the
Japanese-
relaxed
elled
tude agreements ofima & Sheasg.
the
trol Dak Coll yene, and
By On Japanese
Ordinary long Fra:
制
Neave
10.60
Cx-aftic te
$1.005
12.72
$2.72
Bevares Lend
$1.0
6/6 3343
6/0
na Me
63 43 Roscial.
ing position for what they real-ports to Communist China as ly want--Access
great "videnco" American market?”
The market "Bueuated all in fair trading today. Pacer of futures closed today as follows !
No 1 rubber per tu.
"Tariff reduction on anything 82-13-13-33-15216 could be tunde on, the
CLASS 82-9/18-92-11/18that Gren Britain or Fuly, or France, or any other country in GATT has promised in return tant they would beņa tơ think bu buyinn mure of 10mlung |from Japan," he said.
JIM
Fb
Mar
N 2 rubbta per kb.
Jra.
vago tod
82-823
No 3 rubber ner th.
1
£15.00
No 4 ruth per th
Jan.
No 2 wahhor vyphodes Blank tep
No i pale cr
50-851, pots.RÓL,
70774 BD-no
NEW YORK
Futures closed today 11th- changed to 11 peirts higher with sales of 89 contracts,
Dealer covering operations and a Wall Street comment alon house demand rallied prices. spiritedly at the close.
however. The spot market. remained quiet and firm in line with the foreign markets.
025 Tie
A email temake sheet for January was reported down at 28% cunts o juund, a new high on the recent upward. movement.
Spot No. 1 Rs were quoted nf 28% cents. Future elésinge;
Dr.
May
July
the
Sept.
Dee,
un
Mar,
lamps, the decorated Palmarch places Agure of the Infant Chriel
silver star under the Altar, which is believed to mark the
of Chr's birth. Chrisimas 1984 ometally be-
from
amid great rejoleing-mingled Brown-elad monks mingle with gins as, during the chanting of at the list minute with mourn | Nazarene
relating Christ's their the Gospel ing over the Dominion's biggest "Sunday bes." Villagers from birth, the Infant is taken railway disaster on Christmas Gallice in their flowing robes placed on the straw in a marble Eve
with American | Manger. rub shoulders and indeed over 'ouris's. Halian. French, South the whole Catholic world, the American and Spanish pilerims Church of the Nativity, many- suten de'erioration in
out the belis peal native Arab Christengued health of the aged
Christian message of peace.
will Peeling bella
forum'rm's churchts
Over tuly.
Pope Pius XII cast
At that
moment,
LONDON
28.00 24-01
33.00
23.49
20 40
28.39
NAMES NOT DISCLOSED
Mr Rose said that, unilke announcements of parielpation in earlier tariff negotiations, the State Deptriment Talol ofs-
er the names of the ecun ríes, :ther them Japan, with which it ‚ing on:pstaid ILS. duty cuts n Feben. y.
Mr
Rose 'called "Mlogical" the idea that the U.S. and other
HONGKONG
STOCK EXCHANGE
(From Our Correspondent)
thut Japan 14 Alrendy
.making
encouraging Stilts Brain progress toward restoring her #nak 3g Ta
of trade with i Puding " TA pre-war pa tun the Asian mainland.
~ United Press
World Cotton
Now cotion
Markets
New York, Dec. 15.
deliveries
crop
31 3 *
$70 25
Wall Street efrettlared rumoure stock split and year-end dividend to come in Bethlehem, but these, bowever, were not renfimech.
Oil were (2) the up-side. Barber Oll, Texas Pacific Conl and OIL, Texas Gulf Producing, | Amdrada ali ro e 2 points or more, Standard Of (NJ) roso 12 points.
Big ruil features came when
Texng and Pacific Railway sonred 1144 points to $150 and Missouri Pacific waa also on a sharp elimb.
A statempat issued by Mr
New York Foreign William Chemy Martin Jr, bead
11
ted Aurion
Exchange
London, Dec 15.
Ingled-o
$2 7832
www/flotal
-day fures 90-day futures
2:07-200
797%
1793
2.70
2.7874
ALON
203 ar
1740-
Others were unchanged.
-United Proms,
futures cnto higher New Zend ground today for the second South Africa
Belgium session in a row,
Deferred
stored
deliveries cris up to $1.25 a bale and held most of the rise at the close,
At the clow the list, ruled o i to up 17 points. The market opened off 9 to 11 points.
Pakistan ingkong
Exchange Rates
Business war done in the local Buying in the deferied de unofficial exchange market this
with morning at the fchowing rate Uveries was associated
1 tier (per # the overwhelming producer
Sterling notes (per ci appiest of marketing quo às Indonesian rupiali (per 100)..
for next year's crop at Tues-Stam ticals (per 100) day's national referendum,
producer loan
Traders favouring
a neutral Couso said they preferred to wall for the weekly report on entrics, to be published after the close, and more convincing evidence of a The market was quiet, No. 1
Noon quotations on the Hong-pick-up in the demand for tex+ quoted at 244 kong Stock Exchange and the lips. wa3 panes per lb. Pricis:
morning's transactions:
Rss
December. contmets swayed SHARER BUYERS BELLERN SALES over
a range of $1.15 a bale, BANKS
finally going out at 34.49 cents, elght points overnight and 21 ing points under the March delivery. Final delivery notices covered 4,800' bales.
1. 1000
and
No. 1 fun spot
the
mix
once
nix with the
Happiest of all this year will again those local
2431-2475 Settlement house terms January February Agatha Jan/Mat.
24-24%
246-24%
2414-24%
241-24 k
HK Breck
1030 THO
2432-2436
10,
July/Sept. Oct/Dec.
2335-1412
23-24
answer An
December January February
General markets, etf baile, porta:
24-8/15-24-7/10
Creps thick E-inte сторо 1hun 20%
and aita tans.
shadow the of anxiety during
weeks be immediately preceding the an- Christian familles torn assunder both sides of the divided city.
Estate They will chime in Nazareth's niversary of the birth of the by the Palestine war six years Founder of the Church of which │ngo. For them, Christmas has Church of the Annunciation, on Mount Taber of His Holiness is the head,
the summit breome the feast of reunion- virutally the only time in the and from Capernaum, on the
brother when year
meets Sea of Galilee. aister, parents embrace children
The Holy Land
Peace on earth
INSURANCES
Lombard... bno.writer 910
2413-243
24-1/10-2414
unquoted
United PreRY.
DOCKS, ETC.
K. Whart Dock
LONDON WOOL TOP MARKET
London, Dec. 15. Wool to fu'ures market sce- sawed deftly all day and cloud
Turnover was 77. Future closings:
the night, And throughout Jerusalem, Dec. 15.
and grorm se his promised churchor round the world will among men bride. For throughout the year, echo at their Midnight Masses of goodwill will seem sal A remote dream in the Holy Land they are rated by the heavy the Christian message rung out
very stady. of fear and suspicion once again by the balls from their hanging over the border, ng church bella ring out
the Judean town. of Beihle,lats, ancient Christmas message from Sarh of Jerusalem, the hem-hina Mall Speciali the birthplace of Christ.
In contrast
to
of peace re-echoed
curtain
•
humble bul serene little town
Tomorrow The Mediter message of Bethlehem will once agala rancan countries. once again
this
that night from Bethlehem, the grim realities in the cradle of Christianity are those of mutual fear and distrust.
•
For here is neither pence nor war in the Holy Land to- day.
Occasionally, the six-year-old armed truce between Arab and Jew flares up and bold is epit the twisting, tortuous border. Passions are aroused. and revenge.nought. Truco lines still Floly Land:
THE U-BOAT SINKER
WILL BE HOST
TO THE UBOAT ACE
London, Dec. 15.
December January March May July October December Jpnuary March
MAY
110-120
Frise dont
(Old) Wheelick
LAND, ETC.
I tel
Bo 300 je to
04') #11) 300) RG
2010
13.00 16.00 1000 az 13.76
6.71 635
"
:
The New York Cotton Ex- shenge Service Bureau estimated. domacalle consumption of all row cotton in November at 690,000 bales.
of the Federal Reserve Board sald that the easy money policy is being maintalried, contributed to stock market strengthening after two Pessions of profit- taking,
Out of a total 1,237 issue 501
201 were higher, changed.
were 1:12-
The New York Stock Ex-
bond change
volume Wi $0,200,000.
The American Stock Ex- chango volume was 970,000
shares.
DOW JONES AVERAGES Dow-Jones closing overagca
were as follows:
30 Industrials 20 rnila
3,79 15.11.15 utilities 18.10
to stocks
20:30
ກ
40. bonda
Comm. future price index
-United" "Prem,
Singapore (Straite) ... Indo-China pinatres (pyr 100) 10.23
Oriental Telephone
Company To Sell In Singapore
Singapore, Dec. 15. Inventory agreements have already been signed and purchase agreements were being finalised, stated a joint announcement by the Oriental Telephone Electric Company Limited and Prices of futures closed today the Governments of Singapore, and of the Federa
as follows:
15 15,10 3320 # 14.00 T13.10 7710 to 35,
Spot
Mor.
1K Land
nesty
0734 0312 400 EN GALL
200 68
Mty
July
2.123 2.15 BÖGG «à 1.325
11034-120
Dec.
120-121% UTILITIES
Mar.
101-120
Tmin
119-120
3111⁄2 21.00 3630 Le 21,50
147,
May
1181-110
118-110 110-112
117-11741
110420
-United Press.
New York Sugar Market
closed
Y'at Ferry 102 165 439 7 162
NEW YORK -
NEW ORLEANS
35,001 34.06.03
24.12 34.53
34.54
54.01
tion of Malaya concerning detailed arrangements for handing over of the Company's telephone undertakings in Singapore and Johore: Bahru on January 1, 1955.
It has been agreed that the purchase shall provide for pay- ments on account of purchasd
Prices of futures closed today price to be made to
C. Light (N)
XD Electric
16 10.20 300 or 10,38 ng Pallows ***
14.00 JAIL SEN
15
Spot
Mar.
Flec, 12.40"
400 38.75)
MAS
Julv
072
Oct
Dic.
Mar
M-C00 Telephone INDUSTRIALS
Crement
800 ja 30,13
New York, Dec. 15.
LIVERPOOL. divide the
World No. 4 suzne futures: Cantain Donald Macintyre, Britain's ace U.
today
Futuro closings, American They run through
unchanged to STORES, ETC. the eternal clly of Jerusalem boat sinker who was known as the "Bulldog Drum- 3 points lover with sales of 34.
midling, 18/10 incl. În pence Dalry Xius. 24.50 21001101100 per 1b. were na follows: Thoy Reparate Gallied from mond of the Atlantic" during the, war, has invited contracts Samaria. They pleree tho
COTTONÁ Judaean. desert and cross his old enemy Otto Kretschmer, Germany's ace U-boat commander, to stay at his Pluckley (Kent) the Mediterranean, lies the ra kome early next year.
The two
Jordan river.
the
Wes of the line, bathed by
born State of Iaract with tak dynamic Jowich community letnos
mth hive not met
Macintyra
Senior
QHeer, Réservo captured Finet, at Chatham, akid, "Kretschmer
was lion board throughout Germany. BS themy: destroyer, the Wallstr, : for To the east, the Arab Ring-War of the Atlantic," in several days af er hla captura,
of Jordan extends into the Mirch, 1941. Moeiniyre.
was one of the better Artbian deser burdened with awarded his first D90 for that types of Gorman, omfleer, and 1 thousands of war refugiés, de expture. He now holds the DSO found him to be a very pleasant
From the viewpoint of the and two bars and the DSC Christian pligrim, both are iss
striving to make the wilderness Kreischmer, who was llonise blot.
dom
Holy Land,
ortho
the most sacred
In the young Arab
unted Bethlehem, "Jericho"
_____BETTER_TYPES_
WOR
Christendomaretha ides for the giant
crabo la nie whee I was up Airpothed by walker Türense wakartaon, who is writing a saak en Kretschmer”: Cape
that old walled elty usalem inclosing the Church of the Holy Besuchra and the
MC
Robertson, writing a buck
Stre .on
schmer: because "he did more damage on the high, was than any other..alhate cynmander curing DAD WITH He senk 850,000 tons et thipping
A Between Stan, ositoreak & OF A WREST and his cap lira 18 months later
Domestle No. 8 sugar futures closed
unchanged to 1 point
·Textiles
4.70 0.35
lower with sales of 54 epatracis, MISCELLANEOUS, I
Activity, was limited in, both marke s with :'' dealers, ›ecimk» sion houses and refiners opernt“ ing cautiously panding row market developments.
Future closings: Contract No. 4 (World)
Jan.
Yenglaze
Alked
Dec/Jan:
Mar/Apr
Stay/June
July
Out/Nov.
Offeini, values for spot cottons 278-4425 2000. g 4.40 | were hil unchanged.
KARACHI
$14.5
the Com Chicago Grain
Prices
pany on December 31, 1904 of
million (Malayan cur- rency) by the Sinugmore
Government and of $500,000 (Malayan currency) by Government of the Federation of Malaya,
the
}.
Chicago, Dec. 15. Closing prices
Prices per bushol in cents:
Dec.
Wheat, No. 2, red
agreed spot:
at Dad, 2244(1£) 2031% (L.) ·22434-224'
It has further been that if during the course valunilen of the Company's un-Mar dertakings it appears that final" Mor July purchase prices to be paid wil differ substantially from these Tamounts: paid en accou
sideration will be given tyo Governments to the pay ment of further mums; or, ¡èc- Map count t to
the Company ory by July the Company, to repayment of opt --prin” subh payments received" Bys two** Governments, Das.
„Corn, No. 2, yellow const Mar
London Foreign under selling pressure from lever i policistar
Exchange
This, market ruled safer the Punjab, whers "trop movement is now increasing. There were Borriei, Kryadly malte to Japan and Hongkong, buls foralem, business. na uwhole wee
Surikár,wh the two. Goierri- manis and the Company know wgread" interest, at de fato
Ka per cent per animum uhalif | paid by the rivo“ Govénn [or? by Sthà: Company/nsïiha
may be on differénces outst |ing frons: time to time bef
Use payments made on deco
pridoš
from.