Receiving Sir Winston's Nobel Prize
THE CHINA MAIL, WEDNESDAY, DECEMBER 23, 1953.
Lady Churchill, wife of Sir Winston Churchill, the British Prime Minister, receives his Nobel Prize for literature from King Gustav Adolf, in Stockholm, Sir Winston was unable to receive it himself as he was returning from the
Bermuda conference.-Express Photo.
To Elysium In A Cart:
The Mode Of
Travel 4,000 Years Ago
Vienna, Dec. 22.
A surprise discovery of a model cart in a 4,000 year- old graveyard near the village of Budakalasz on the Danube in Hungary has proved that carts were used in Europe at a much earlier date than had been suspected.
The discovery, which was made by the Curator of the Szentendre Museum, Sandor Soproni, also establishes how early Copper Age people moved the huge burial stones with which they covered their graves.
In nearby graves The cart is claimed to be oldest in Europe.
TRADE and
COMMERCE SECTION
GUARANTEE FOR TIN PRODUCERS Agreement To Be Signed By June 30
Geneva, Dec. 22.
The International Tin Agreement, which was drawn up at the recent 30-nation United Nations tin conference will be -opened for signature in London from March 1 to June 30 next
year:
The Agreement established an International Tin Council with its headquarters in London. Until the Agreement is ratified by the stipulated number of producers and consumers, an interim committee is set up to facilitate the establishment of the Council.
Six major producing countries are listed in the agreement in one group and 18 consumer countries in another group, each group having 1,000 votes, comes into force when at least nine consumer countries, having a minimum of 333 votes and a number of producing countries having 900 votes, have ratified or accepted it.
EXPORT CONTROLS
!
con-
will
HONGKONG
SHARE MARKET
(From Our Correspondent)
Business done
on the Stock
Dyeing Machines For Jap Firm
Tokyo, Dib. 22. Tlie Kansgafrină Certon Spinning Cenisany today conducted a test operation
at is plant in Osaka. of contiandus de ežny meeldiés, claimed to be the mos modern of their kind in the world.
The
were
bought from the General Dyestuff Company of New York.. The
new machines make it possible to dro about 100 yards of cloth a minute. China Mall
Special.
U.K. Firms Return To Persia
Tcheran, Dec." 22.
British businessmen
have
NEW YORK STOCK MARKET
New York, Dec, ZA. Stocks suffered their sharpest set-back in three months today [ớn slightlý increased volume.
In contrast with 1250 Fear-end rally usually in progress at this time, the market registered its widest break since: Sept. 14. rolling the general market averago back to its Nov. 25- loval.
Volume increased from 1,300,- 000 shares to 1,720,000 shares yesterday, but was well below the 2,350,000-share total of the Sept..14's.
Analysts, beginning to doubt whether the market would mabogo its traditional year-end the selling advance, attributed
on the Russian agreement to an atom-pool discussion. They described it as an emctional reaction not justified by the markot background.
In a market of 1,204 issues- the broadest sines mid-September 717 were lower with 90 at new
started a race to get back in lows. Only 107 advanced, with
15 setting new highs, and were unchanged.
to the Persian market.
to
200
on
hit.
Ex-
Industrial stocks lost $3 average. Chemicals, aircrafts and steels were hardest in-Res dropped $1.41.
ro-
The New York Stock change bond volume was $4,- 180,000.
The American Stock Ex- was 450,000 change, volume shares.
Thiriy-neven of them have already applied for visas since diplomalle relations with Per- ela were, resumed. They clude engineers, texillo mer- chants and car salesmen,
B.O.AC. sko plan open their services to Teheran. It will not be easy for rome of the businemmen to regain lost markets, Foreign salesmen have had their own since the British left.
For instance, the chief Mid-40. bonda
Dow Jones
were:
way 30 industrials
20 rails
15 utilities
stacks
closing averages
PER.09
94,07
$2.31
15.08
184.21
„United Presa.
of one Comm. future price Index
For the Agreement to oper- contributed
producer by the ate, Malaya, Bolivia and In countries. This buffer stock donesia must ratify it as they will consist of contributions in have the largest number of tin metal and cash to enable the Tin Counell to acquire up producer votes.
For the consumers, the ratito 25,000 tong of th molal. fication of the United States, Three-quarters of these
tribullons, from. producers which alone has 400 votes, thecrelienlly
be in tin metal and the remain- not essential for the Agreement to come Into
der in cash. force. Britain has 145 votes the remaining votes are alvid cd among the 10 other listed
It also provides for the tas consumer countries, none of tablishment of export controls which has more than 55 votes. when the buffer stock has al-
of the draft sorbed a In Article Six
minimum of 10,000 Agreement, dealing with tons and ako when it is deem Exhange this morning amounted die East representative minimum and maximum prices, ed necessary by market condito $402,890.10. Noen quotations of Britain's leading tyre manu- the initial floor price is set at tions.
and the morning's transactions: facturers who is expected in Persia shortly will find Persia 040 per ton and the
«HARES DUYENS SELLERS BALES flooded with German tyres-all The Article on export con- price at £880. The Article inys down that these prices can be trol declares: "The
supplied on creaft terms of up Council BANKS shall estimate the probable de- IIK Bank revised if necessary,
amand for tin during n period INSURANCES
of three calendar months
Unipa the probable Increase or de- crc 350 DI commercial stocks SHIPPING during that period. In the light of these estimates, quantiles of tin metal held in the buffer stock, the current price of tin and any other relevant IRC- tors, the Council may by d dis- tributed simple
fix majority the total
expert permissible amount for that period."
celling
The Agreement sets up buffer stock of tin metal to be
were found an assortment of charred bones, necklaces of shells, copper World Cotton
beads, stone implements such as arrow heads, scrapers and axe heads, and bones of cattle.
THE COUNT
CROSSES
148 TIMES
was
wie
The discovery of the graves | for hunting and shlog,
of safe from flooding, and was Arst made by a group, workers digging in a sand pit protected on one side by the near the village,
river and on the other by wide marshes. And all these peoples loft traces in
the sond and gravel of the hills.
to unearth}******* Mr Sopron dind 177 graves before he found an
bowl clay upturned
under
Mr Soproni, vao is writing a which was the model cart, д
thesis on the 4,000-year-old clúster, and jusper
a jasper cart, is searching carefully for blade.
more of the clay models which Te told reporters later that give a remarkable insight into
were known is the life and crafts of cur the East and Asia Minor utmotest ancestors In Europe. Count Rene de Chambrun, a
much earlier time, the first China Mall Special. in the liner United trace of passenger
the ure of wheeled States, has just completed his vehicles-in-Farape-was-the- 148th Atlantic crossing.
fred clay cart found at Dupl-
whores caris
But he does not hold the re-jaja, in the Yugoslav Volvo
cord. A voyage made recently disa, which dated back to the
by Mr Herman Huffer in the Queen Elizabeth total to 108,
brought
his
of
Bronze Age.
Mr Soproni claims that this find in Hungary must be placed a; least 1,000 years earlier
the Yugoslav one.
SPOKELESS WHEELS
than
re-
More Cotton
Produced
In 1953-54
Markets
on
and
•New York, Dec. 22. Cotton futures today proved
The buffer stock will be to be a stand-off as the holiday-
operated
4 by buffer stock feeling
gathered momentum.
who is authorised to manager, Prices see-sawed narrowly
if the price on the sell either side of the previous close London tin market rises above with routine domestic mills und £800 and may buy if the prico exporter buying equalising falls below £720. hedge-selling and reptising.
At the close the list was up 3
U.S. PARTICIPATION, VITAL
to off 3 points. Opening pricas Speaking before the close of were unchanged to off three the conference, Mr S. Scu the points, New Orleans closed up Indian delegate, said he hoped the United States vould soon 2-to-4-points.-
be in a position to accept the Agreement.
Underlying sentiment appear ed more friendly toward the market but defalte opinions continued to be held in abey- ance pending the holidays and the reconvening of Congress in January.
BTY
Ly
"It is necessary for me to
out point
what extent United States participation vital," he declared. "Without US
participation. many of us will doubt the future of the Traders inclined toward the
Agreement
but there is also no bull side continued to cite the doubt that, in the present state expectation ot more colton of the market, this Agree
the ment contains will be coming up under
all the neECES- Washington, Dec. 22.
Possibility Ioan
The the
programme. in Cotton production
work has been to market. Our for a pick-up in export buying safeguards to stabilise "free world" during the 1953/54
higher some extent theorellcat but is expected to exceed and expretations. for
Ioan rato next is no mean satisfaction to us and
last censor's 28.8 million bales.
government individual according to
season also shaped sentiment. that we have at least achloved the International
Farm legislation
Into some measure carno
of success, Cotton Advisory Committee's
dele- Mr Sen was the only sharper focus with Washington Mr Sopront explained it was December bulletin.
réporta that
will be gate to make a statement dur- the habit of the people of the
aimed
the only publle session of increase would
ing. their put in Copper Age to
at having the 5,000,000 bales the conference. graves samples Dr models of come mainly from the US 39, everything which the dead per- outside that country, prospects pointed to a decline of con might need in his
future still
Mr Huffer's first crossing was made in the liner Umbria Ji 1897.
Mr Alban J. Woodroffe,
The clay model is of a high Devon, who has business in-
walled, quadrilateral box, rest- has in the Argentine, fcresty crossed
four tolld, spokeless the South Atlantic ing on
On the bottom, the more than 50 times.
His total wheels.
Copper Age artist had mark- mileage: 600,000.
Me C. Stuart Laury, a Lon-ed the place for the axlo don businessmen, has covered had drawn in the more than 600,000 miles of sea boards. during 132 crossings of the North Atlantic-London Ex- press Service,
scason
It
said the
Japan To Salve life. As it would be necessary bout 600,000 bazer.
Ships Sunk
Off Indonesia
Djakarta, Dec, 22.
neo transport.
or
given to the l
**
1015
£10
Asia Nav. ........ 1.35
DOCKS. ETC.
12 1810 to three years.
K. Wharf
Provident (0) 12.00 13.10 Wheelock.... 805 8.10 1200
JAPAN'S CONTRACTS Japan, another country back- and providing ed by dollars
is already long term credits, heavily represented In the country. She has won several 300 large engineering, contracts re- d.10 comly
0.03 8.10
509 1000 2500
1000 or 8,01
LAND, ETC.
HK Hotel 0.70 3.80 2003 Gr 8
2000
500 8.75 79 771 109 củ ga
300 77
IIK Land...
Bhat Land Humphreys Really
1,40 17.00
1.00 1.02ț
RTS
10c. 0000 20
10000 # Dic UTILITIES
Tran... 20.40 20.00 Peak Tram
(0) Peak Tram
(N)
40
23
Star Ferry
148 149
C. Light (0) 13.00 13.80-800 15.70 C. Light (N
1000 10.90 Electric .... 23.00 29 2700 € 28.00
Macao Elec..
INDUSTRIALS
£0.70
Cement...... 10.00 10.10
ETONES, ETC.
Dairy
The Rubber
Markets
Singapore, Dec. 22. of lower Inspite
overseas on advice the market steadied moderate trade buying today. Prices:
No, I rubber per ib. Jan. 871% --Fab STR:
H
Mnr. No. 2 rubber per 1. Jan. No. 2 No. 4 foothold
Italy and France have been busy offering almost any length of credit to obtain a
Spot rubber unbaled Blanket crepe No. 1 pale crepe
4715-4
AMSTERDAM MARKET
In Persia's trade before the British re-establish themselves. British In this connection, busincasmen may suffer in their
Amsterdam, Dec. 22 sterling deals for some time at the hands
was countries of other
rubber market who feel secure in the Ameri- quiet, Prices closed as follows candid backing London Ex-(in guilders per kilogram):- press Service.
GRAINS IN CHICAGO
Chicago, Dec. 22, Prices per bushel In cente
Closing Prices Dec. 21 ''Dec. 22
The
No. 1 rubber Jan.
No, rubber Jan.
No. 3 rubber Jan.
No. 1 crepe Jan.
1.00 nom.
1.67
1,61
13877
United Press.
NEW YORK MARKĖT
New York. Dec. 22. Rubber futures today closed to 35 points higher with sales of 10 contracts,
25
Prices ruled steady in no with
-London · cables,
higher
although overall
activity
re
mained slow, and mainly of a
pre-holiday-nature,
Spot No. 1 Rss were quoted. at 20% cents per lb. Futures
closings:
Watson
L.. Crawford COTTONS
23.
23 23.20, 1300 23.10 11.00 22 200 21.30
321.70 Wheat. No. 2, red
Apot
Dec.
2000 20214
20dn
Textile Corp. *7.10
2000 7.19 March
20411-16
Мау
July
2041 1001-
unroceived
March
20.30
May
20,00
#
Iraq Petroleun
Beat.
1981
July
20.50b
Corn, No. 2, yellow
Бері
20.500
20.00
Spot
March
20.000
May Move
Starch
LONDON MARKET
May
Its Pipeline
July
London, Dec. 22.
Bept.
1401
1494
Пус
Dec.
Bagdad, Dec. 23.
March
Osis
of cotton in the loan tied up Countries taking part in the
as a military stockpile reserve conference
Australla, were:
The Irug Petroleum Company Dee.
on
a iftael, or divert it to arch
| JAN.
|July
Sept. Harley
Det,
The rubber
was market steady with No. 1 spot Rss 12 BX quoted at 17-3/10 pence per 16.
12434+
No. 1 spot Zlam .. '1734-1714 Settlement house term
Prices:
7314-73
7011-15 7815-45
Jan. Feb.
2981
2981
200 300 302)-14
30114-14 304-3044 2081%-208 30138 291312202, 206-29032
Spot market news was a Belgium, Belgian Congo, Bo has stated it would be ready to March
Bristish Colonial consider by the end of this year Seybears, No. 2, yellow We better. The Atlanta relivin, Brazil, for the dead to reach the place
Production in Egypt and of their future lives, they would pakistan might be about
leading Brm
elther to remove the pipeline to pot ports that a
and Bald
dependent past Canada, one mill enquiry during +h3 and a cari
Denmark,
the Eastern May week showed a "marked
Arab scaport the
Federal France, a boat would be included. This million bales lower, but signi-
Demand
Indo-
Mediterranean. for He of Germany, India, pravenem," account for the presence can increases were likely for could
Mem- Dr Nadim
al-Pachuch!, af of the model cart in the grave. India end. Uganda, the buiclia variety
and desinista, Riely, Japan, the Lebanon, qualitics
former Apot The fact that there was fio stetod
developed for first the Netherland's, Spain, Swit ber of Parliament, and
of Economics, an- New York flour delivery. United zerland, Thalland, Turkey, the Minister
United
and
nouncing this, added that the 200 br, mack. the Kingdom United States.
"move would benefit the Arabs, following countries sent observers: Hun economically and politically." gary,
Iran, Norway, Portugal, Reuter. Swoden, the Soviet Union, and Mail Yugoslavia, China
12
Dr. Sudarsono, the Indonesianeart was found showed that "free world" during the opening representative,
returned was a symbolic grave, to give who here yesterday from Tokyo ufter rest to the spirit of some per- ratifying the salvage agreement son enten by wild animals, between Japan and Indonesia, drownell and never found, or son, but consumption in the US
WAS otherwise
body, to the grave in which the
Colton consumption in the
liverles quarter Precs.
months of the 1953/54 season
had been running at a higher rate than in the preceding sea-
up to the end of October had declined somewhat and was also lower in Canada,
Spot Biarch May July
NEW YORK
New York, Dec. 22,
Closing Prices, Dec 21 Dec. 24 33.40 33.50n
33.23 3220
27.39 32.95
In Britain, France and West- ern Germany, : the textile out- look was encouraging and cot-
Oct.
37.40 3.430
Doc.
22.41 32.39
March
37.610 247D
May
was
NEW ORLEANS
told the
body Indonesian Foreign whose. Ministry topy that the two coun- missing. tries ad covered the last phases of reparations talks.
A THEORY UPSET
Mr Soproni belleves the dis covery of these graves upsets
Under the agreement concluded by Dr Sudarsono, Japan would salvage ships sunk of Indonesia at least one theory about tho for consumption so far as part of reparations payments. people of the Badin period of significantly higher than during
According to a message from the Copper Age.
the corresponding · period the Indonesian news agency,
This well established burial season, the bulletin continued. Ancla, Dr Sudarsono said the ground, which contained well The trend was the same Japanese
200 graven, proves that a most other European countries,
last
in
Spot March May
Dec.
March
May
Government was over willing to discuss all interim Bermanent settlement existed except Italy, where the situation agreements to be put forward
und in contradicts the theory was still serious. by Indonesia.
fdrmerly held that the people
The Agency reported that Dr of the period were nomadld. Both the volume and the Sudarsono,, who is head of the Other finds in the graves pattern of destinations of raw Arian Bureau of tho Foreign show that the people lived in cotton exports appeared to be
approximately Ministry, sald a Japanese dea potilo agricultural com- following legation on reparations, headed|munity,
diso, kept { trends established last season. Information available sugyosled by Mr Dji Wajida, was expect animals.
which
the
33.00 33.00-01 Special.
The
US Commodities
New York, Dec. 22. Cocoa futures retained upside
today com
NY SUGAR modity futures Index hit a now
New Orleans, Dec. 22.
Closing Prices
Dec. &t Dec. 22-~~
32.48 32.0
32.00 33.01-03
139.79.13.20 2304 133.00 32.lib 32.40 32,406 31380
--United Pres.
MARKET
New York, Dec, 22 World No. 4 sugar futures to day closed 2 to 4 points lower with sales of 107 contracts.
Domestic No. 8 sugar, futures closed unchanged to 3 points SAO PAULO
higher with sales of 71. tracts, Future closings: Sao Paulo, Dec. 22. Prices of collon futures closed ↑ Fan. today as follows: (in cruzeiros March trado was per kilo)—
steren
ed to arrivo in Djakarta in The Szentendre Museum has some decline in exports from January 2, 1984.
• fine collection of material the US, but in the other major
producing Mr Wajda would come in the from this and many other pre- capacity of "visiting Minister historic periods. Situated near at large."
ing
the great bead of the Danube of collan
The possibility of shipbuild where the river leaves its dast
1958/54 - zonson
tho gand other projects would be ward courses of should be between two and in the Bakken Binterlic
discussed as part, of payments the museum is near a range of the reparations by Japan, ac- low hills which is full of dr three million unlee larger than average price of 15/16 middute: cording
plant; someony, with a much groutTM cotton, at designated spot mak keta to well-informed clent relics sources, Aneta added. Other From hoolimie down to or predominance of dollar cot- was $2.04 cunts per 152 BARN projects include handrówlectriu mediaeval times, this area was on the bulletin concluded these contre totalled/3 30,401
inhabited, as it offered facililles china Muli Spocial, t
balos:)United Presi power plants-Rezler.
May
July
Sept.
Bpot.
Contract No,"4" (world).
*
3.2
high since last spring. -*-
The Dow Jones futures Index moved
up
0.50, to 1044T) spurred by obcoɑ firmness stemmning from the higher. Brazilien mar kets and lower African crop prospécia
Grain futures closed mixed as traders evened-up positions; bo- fore the Christmas boildays.
At Chicago wheat closed off to 1 centar soybeans, ap
Winnipeg, whoat 296 to 3 cents,
At
War
priced at 180 W for No. 1 150 Northern, and for No. 6, it was
3.500
3.18 at 108 echts, United Prod.
Exchange Rates
Leh - Business was done in the local
unemali szchange, marketi, thi morning at the following, TALOM:
$.44
Blaxiin & notes(per: 2113
indonesian rupiahs - (per
Simcabore; (Direita); $2 Indo-China pinaikas: (per
130-182 130-152
$12,00m $12.00
United Pr231,
March
Jan./Mar. April/June July/Bept. General Jan.
Tab. March
174-17%
1724-17%
176-1734
1335-1738
cli Basis, ports:
17-1774
1/18-17 3/10 3714-1714
Estate, trope thick 1815
thin 194
-United Press.
PHOTOGRAPHS
by our Staff Photographers
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