1954-01-20 — Page 9

THE CHINA MAIL, WEDNESDAY, JANUARY ›

1954.

De Gasperi Makes Sure He Won't Comment

To make sure that he does not say anything that should not be said, Signor De Gasperi holds a scarf over his mouth when asked for a statement by reporters when he arrived for consultations with Pres. Einaudi in Rome on the formation of a new government-Express Photo,

Hindu Pilgrims come to wash away their sins

ELEPHANTS AND TRAINS

BRING 10 MILLION

TO BATHE IN THE GANGES

Allahabad, Jan. 19.

Nearly 10,000,000 pilgrims, including "Sadhus," and "San- yasis," (monks), from all over India are expected here before March to bathe in the waters of the Ganges, the Hindu sacred river.

For, from January 14 until March 3, the Kumbh Mela, the great Hindu religious bathing Festival, which takes place only every 12 years, is being held at the confluence of the rivers Ganges, Jamuna and the in- visible Saraswati, near here.

Among distinguished pilgrims will be Dr Rajendra Prasad, India's President, and Mr Jawaharlal Nehru, the Prime Minister, some State Governors, and a number of Central and State Ministers. Some foreign Ambassadors are also expected to visit the Festival.

J

Shortage

Of

Terchers

And Schools In France

When

Parks, Jan. 19. 150.000 French schtrol teachers and university professora aborioned their class rooms and lecture

for

a one-day strike A November 9, they were voicing long-fell protest against plight of their country's education systCITI.

the

B14

For France is short K both teachers and schools—and seems likely to rentwi To und her Exchequer can find funds to pay for them.

Jobs

The pilgrims-w'll come fran The Kumbh Mela

anelent Every walk of life-Mini-tors and pensants, holnes and artisans,toriesī

is a very Festival, whose his- guißeane: has

1091 in a haze

been

n. atres and humble mur-Isince chants will all be represented. | myth and legend. And all will come with a comis

dip

in The

mon purpose sacred walers and no wash

away their sins.

Highlight of the Festival will of be the colourful processions thousands

monks, with horses, alophonats and canels. belonging to the various Akkara (religious orders) of the Hindu The heads of the or- rehgion. The ders will arrive on richly corale elephants,

stay.

To accommodate

WIA

Many Sacrifices

or

TRADE and

COMMERCE SECTION

US Merchant UK Trade Mission Going

Fleet Is Still World's

To Moscow

Biggest BOARD OF TRADE GIVES

London, Jan. 20.

The United States mer- chant fleet at 27,237,000 tons-remained the world's largest in the year ending July, 1953, according to | statistics published today in

the 1954 appendix of Lloyds Register.

The American fleet, which Includes an estimated 13,000,000 tena in the reserve fleet, fell by 8,000 tons during the your.

by

Britain's Merchant fleet fejl 40,000 tonn to 18,584,000 tons during the year, Canada's fleet also fell by 40,000 tons to 1,652,000 tons.

The total British Common- wealth Merchant fleol, however, increased by 20.000 ton to 22,350,000 tons.

The world total increased by 3,171,000 tons la 93,352,000 tons. Largest increase were shown by Liberia (up by 538,000 tons), Japon (483.000 ton, Norway (357,000 tons), Germany (342,- 000 tons) and Sweden (244,000 Lars).

TANKERS

Oil tankers

accounted for 20 per cent of all ships between 15.000 and 20,000 tons under

five years of age. They presented 70

per cent of all shipe between 10,000 and 16,000 tons under ten years old. The world toint of oil tankers increased by 1,975,000 tons from 1992 to a total of 21,084,000 tons or 24 per cent of all steamships and motorships. The year before, the tanker fleet was 22 per cent of the total.

fleet Britain's tanker 4,656,000 tons was 124,000 tons larger than the previous year, while the United States total 4,481,000 tons khowed i rise of 51,000 tons,

of

ITS BLESSING THIS TIME

After weeks of negotiation a group of thirty British busi- ness men has at last got Russian approval for trade talks in Moscow.

It hopes to leave before the end of the month, according to latest reports from London.

Led by Mr. J. B. Scott, sules director of Crompton Parkinson, the large electrical engineering company, the party has been informed by the Trade Representative of the USSR in the United Kingdom that approval has been granted for it to visit Moscow for discussions with the All- Union Chamber of Commerce.

The Board of Trade has given the group its blessing, and Mr Scott

"Lend Me

$15.

"

Jackson, Mississippi,

Jan. 19, Johnny Jackson, Jr., told the Police today that hin `efri friend, Lydia Hurnek, asked him for $13 loan And when he told her he only had $10 the chased him down the street with

an loo plek, then returned and smashed all the win- dows in his motor

CAE- United Frews.

Japanese Trade Mission

sald in London yesterday that this was "a private-enterprise venture to Coming To HK

develop Anglo-Soviet trade."

HONGKONG

SHARE MARKET

(From Our Correspondent)

|

The group bopes to leave in Kven daya, subject to tho issue of visas and the necess- ay travel arrangements. Now that the co-operation. af the All-Union Chamber of Com- marce in Moscow has been ob- taimed, tho issue of visas ส Expected to be automatic.

A trude delegation from the Kobe Chamber of Com-

NEW YORK merce will arrive in Hong-

STOCK MARKET

kong by air on Sunday afternoon for a 12-day visit.

The delegation, which will consist of seven members in- cluding representatives of three shipping lines, is anxious to and new outicis for Japanese exports,

The group carts of repre- *emintives of Britain's major stries, including nipbuild- mcør - ams, alcotrical equipmust, machine toots,

New York, Jan. 19. dianet engines, cabice, all-well

While in the Colony the dole- The stock market drming, grain-handling equip-

regation hope to meet officials of sumed its advance with the Department of Commerce men, woodworking machinery, packaging machinery, and food renewed vigour today, and Industry and representatives theme cry. It also includes im- helped by General Motors of the Hongkong Chamber

Commerce. announcement of a planned

After Hongkong the delega-

Business done on the Stock Exchange anounted to $290,153, 70. Noon quotations und morning's transactions:-

porters of Russi

BRABES DUVERS SELLERS SALES Cotton. BANKS

FK Bank East Anta INSURANCES

Lombard Uniun

SHIPPING

J015 171

64

B<3

of

food

and

of

The visit of this private en- $1,500,000,000 spending tion will visit Talpeh to moke 171019mprise" group to Moscow is programme,

the outcome the Foreign Searatury's attack on a similar group visit which had been or- ranged for the and of Noven- bor by the British Council for the Prtunation of International Trade.

500 € 20

COMMUNIST "FRONT"

or-

Mr Eden branded the council as a Communist "Frand" ganization, and salt that while the Governmanity was coger for 8.15 noncased Hayade with The Soviet Union, with other

further inquiries there about the an-possibility of stepping up Jap- anere exports to FormoSD,

RESTRICTED MARKETS

For some time now? Japan has been concerned about the restricted markets open to

her exporters in Asia.

She is still hoping that Britain will allow

greater exports of her goods, particularly textiles for

move,

The General Motors' nouncement came during A market lull as traders paused to take stock after the sharp udvance which came last week with

the House

and Ways Means proposal to case taxa tion on corporate dividends.

It shook the market out of

boosted early irregularity and prices in oil sections on sharp Increased turnover.

led the Industriale paved by General East European countries, it did

14 points to $03% in the day's nat advice business men to go

Japan's trade with Malaya second most active turnover. 75% under the sponsorship of the

of GM and Chinn had slumped announcement

dia council.

spending plans was seen in astrously in recent years and of the Wall

AS Street

a vote of con- China has indicated to recent from Bence in the nation's economs Japanese trade mastons that sho

Mr 1920

Jargest by its

manufacturing is not interested in Japanese and the news company

consumer goods. of mounting weighed reports ay-offs and government con- traet culbacks in. Investors' consideration.

Di

Waterboal

20.20

Anta Nov...

1.10

DOCKS, ETC.

K. Whart

BO B2

Dock

200 Provident (0) 15:30 13,50

S'hat Dock Wherlock

1.30

B.10 0.15

500

Largest

increases were marked up by Liberia Panama (up by 421,000 tons). (208,000 Вктиц

tona) and Norway

tanker

LAND, ETC.

HK Hotel IK Land

A2% 8.00 755 78 200 a

100

70

ef

(280.000 tons).

S'hai Land

1.30

The war-time

programme was

in

shipbuilding sull reflected world tonnage

pre- by u

group ponderance of the size 0,000 to 8,000 tons, the report slated,

Humphreys Realty UTILITIES

10

cou

7.08 2.07% 2000

2.0733

Tram

* $7$527,00

Star Ferry ..

145

Electric A large proportion of these ships were not in com- mission-Reuter.

... 28.80 29.00

10 20.30 100 g 30

Telephone .. 20.30 2015 INDUSTRIALS

Cerment STORES, ETC.

Daity

19 18:20 800

Allahabad, Prayag it called in ancient times, Agures prominently In ancient Hinku writings because it was here that the god Brahms of the Hindu Trinity performed

many sacrifices. The confluenco Common Action

of the Ganges and the famtuma rivers is also mentioned in the Hindu scripture Rigveda, the Romayana and the Mahab horata.

of the

run

Each religious order has separate camp, according to an established order of presedence, and the bathing places are res

The mythological explanation the Kumbh Mela, which served for them for some time of during

their

symbolises the spirit of eternal There are six principal bath- Tarlin, originates in the legend- the gods ing days during the Melu, when aryl dispute between

and the demens over the possen- millions of pilgrims will come from far and near to bathe in sion of the divine noctar which had emerged out of the chum- the waters.

the great ing of the "Khired Sngar", the influx of visitors, a pilgrim city ocean of milk.

springer. Civil and mili-gods, was stated

Jayanta, son of one up on either bank of the

to have tary personnel are today busy away with the pitcher (Kumbh) pulling the finishing touches to containing the nectar, pursued this Kumbh eily, built to can

by demons. During his flight, commodate several inillion pll- Jayanta resied ata dozen grims at a time. in huts

earth, and places, including four tents.

which become sacred.

These were: Hardwar, on the Prayag (or Allahabad), on the banks of The Ganges; Jomuna and the invisible Saraswati: Ujjain, or Nasik (Bombay state) The bank of the Spira; and

bonits of the Godavari.

*C-

On

In Paris alone, 100 posts for science teachers are vacant, be

science most

Kraduates cause refuse academic

which offer salaries from one-third to one-quarter of what they expect to earn in industry.

Present salary scales range from 27,000 francs (£27) month for a provincial teacher

a maximum

150,000

banks of the Ganges; of francs (£150) a month for the head of a university faculty, or about half their 1914 level in terms of purchasing power.

ACCENTUATED

to

extend

17

A water supply has been laid on and telegraph, telephone and electrle services installed.

the seven

on the

12-Year Cycle

in a 12-

To Save

Rubber Prices

New York, Jan. 19.

The Indonesian Information

Office said today that South-East Aslan rubber producers may take common action to eliminate the threat of declining rubber pricce.

As arwult mairy business men withdrew the

proposed trip.

and

C. Light (0) 14.40 1475, 3000 or 1415 | J.D. Scot took over the C. Light (N)1130 1351⁄2 1000 in 11,46) leadership of the party,

COTTONWfaret

How much trade The Russians 201 20.00 cm offer is not clear, but there 130029.00 is little doubt that the business 232 28.20 on will come bacic with use-

19ful orders,

2100 20.10

20 20.29 1090 ca

201

Textile Corp. 1.10 8.00 MISCELLANEOUR

0.10 6.20 Yangtzg Yaurati

The Russians have already

Motors up

INDUSTRIALS UP

out-

African colonial markets, under the Anglo-Japanese Sterling Pay- ment. Agreement.

Hongkong business observers believe that with the colony' trade in such a desperate position and the recent growth of local industries the Japanese mission Is likely to achieve very little

20 plácel erdtes here running to The Industrial average rose during ils. Hongkong stay.

several miillon pounds for $2.24 to its best level since irawlers, and other inquiries |March 24. Ralls had an even have been for cargo ships of ten wider percentage gain, a rise thousand tons, passenger ships,

Utilities of $1.30. ocean-going Lugs, whole-catch-cents.

felt soven Uranium Profits crs, and a whale factory. Miny Market volume, runnies Outstripping London Rubber under the Board of Trade's day in the first hour, picked up

Market

London, Jan, 19. The rubber market was dull Referring to reports received with No. 1 Ras spot quoted of

17 pence per lb. Prices: from Indonesia, the Office said

No. 1 Res spot

1032-1736 Malayan rubber owners have already

February consulted Indonesian Settlement house term:

problem and March producers on the

Apell/3ana that basle agreement has been July/September reached on the need for con- October/December ferences to take up commo11 | General markets, eit

January difficulties and plan common

February policy.

March

would bo These conferences held alternatively in Jakarta and Skgapore. The rubber producers will discuss a common

future international front for conferences.-United Press.

Estate crêpe

thick thin

1831-171

17-1714

174-1721

172-1722 1795-1915- basis, ports:

10-4-10-15/14 1014-10-15/10 10-13/16-17

unquoted 10 лет.

-United Prety. NEW YORK MARKET

New York, Jan, 19. The rubber

today futures closed three to ten points higher with sales of only six contracts,

The market was reported as, "dull" with very little business of any kind being transacted. abroad Cable offering from wae mostly unchanged,

of these items, of course, are 110,000 shares behind yester-

a Anal total of 1,840,000 shares,

strategic materials ban.

steadily as prices mounted to Gold FURTHER CONTRACTS Companies already working compared with 1,580,000 yes- on Russian orders for diesel terday. engines and electric cables are up further expecting to pick

contracts.

In addition the Russians have turned their attention recently towards machinery and plant for food-processing,

Inquiries have filtered through for grain-milling equipment, complete equipment for a mar- garine and butter factory, a dairy-handling depot.

food-

Earnings

to

in

- London, Jan, 19. Striking evidence came Some of the best individual ghc tonight of the way galas occurred in the carriers which profits frem uranium where Texas & Pacifle ran up 3 | wee outstripping the profes points.

frumi gold at Oil continued to feature in

African mines. with the industriais

improve-

The quarterly report ment of as much as 4 points in the high-priced Texas Pacific

Land Trust.

Of 1,157 issues traded, 041, were higher, 259 lower,

The NY Stock Exchange bond wrapping and packing machin- ery, Can

cafeteria and canteen volume was $4,240,000,

The American Stock Exchange equipment, sugar-refining plant, and boxmaking machinery,

volume was 430,000 shares. Russlan *Interest 19.

Dow Jones closing averages spreading

were: to other consumer- goods machinery, such as razor-; blado making equipment. Manchester

Guardian.

niro

United Press reports that the delegation, which will comprise about 40 businessmen, hopes to

200 Buses This temporary city, covering some 800 acres, is divided into Proposals

self-contained

sectors. school-leaving age from 14 to 18 Each sector in equipped with a will further accentuato the

hospital, and there are also shortage of teachers, if they are social and religious centres.

Six approved by Parliament,

pontoon bridges have At each of these places, the International Bank The teachers argue that they been built across the river and Kumbh Mela is held are entitled to the 10 per cent arrangements have been made year cycle.

increase

last to run about 30 special trains

Spot No. 1 Rss were quoted The quinquennial festival of granted wage. October

tate-employed to and from the Kumbh city on King Harshavardon also had Its

at 20.38 cents a pound. Future and £25 millon to £40 milion 10

closings:-" In addition, lawyers who are on the same peak days.

200 influence on the Kumbh Mola. But buses will bring pilgrims daily Every five years, King Siladitya, entary scale as themselves.

M. Education Minister,

neighbouring from

districts. known as Harsha,

to is sald Bon Andre Marie, himself the

A staff of some 10,000 persons have distributed the accumul- of a schoolteacher, has ined has been engaged to attend to sted wealth of his state.

has explained that the increase which, if con- health. and sanitary arrange First, he distributed it in his

the

fined to the Inwyers would contments. In the interests of public kingdom at Kanauf, and then, only 800 million france (about health, all intending pilgrims towards the end of the proceed £800,000) a year, would put up must be inoculated and outposts Ings lie invited the Chinese the Clovernment's wage bill by have been set up at all incoming traveller. Hounn Tanng, to ae- almost 7,000 million franes points to seo, that this is done. company him to Prayag (All

During the Melo, there will shabad) where, according to (about 27 million) if extended

be a number of social and cul- Mr Vincent Smith, the British to teachers.

tural meetings and exhibitioné, historian, he dist-buted trea- Is many parts of France the A record gathering is expected sure to the poor' and the neody truchor's job la both ill-paid and för

the International

as well as to the religious of ali arduets. He often has to Spiritual Parliament, which is denominations Harsha explain- handle between 60 and 70 pupils being organised by the Inter-ed that it had been his practico ot a a time and in the Bordeaux national fraternity of monks for thirty years in aren classes of up to 120 are and in which delegates from with the custom of his ancestors not uncommon,

37 countries are expected to to hold a great quinquennial take part.

A recent survey showed that most French schools were bulit before World War I and that some data

"This Parliament will meek

from

Mission

To Visit Malaya

Washington, Jan, 10,

Inter-May

March from the A mission national Bank for Reconstruc- July tion

and Development is to September

of December a géneral ¿'survey make economic conditions in the March (1968) Federation of Malaya and Crown Colony of Singapore, It

is announced here,

the

20.20b 20.33b

20,35

20.33%

20.45

20.450

United Press.

make trade arrangements to

worth of goods.

New York Metal

Exchange Rates T

Jan.

Tab.

Feb.

Zine Jan

Feb.

Feb.

Futures

[this] Jepper Jab.

New York, Jan. 19.)

F... 11.85

.11.00% 89.Bob

8.70 Prices in US cents

20 Industrials -20 TALLE

18 utilities 65 stocka 40 bonds Cumm. Jufures price

index

288.274

90.43

63.07

10056

109.03 -United Press.

New York Sugar

Market

Now York, Jan. 19. . World No. 4 sogar futures 33.75b today closed unchanged to, one 8. point higher with sales of 162 Bbcontracts, 27.006

Domestic No. 0 sugar, futurės

some

South

of the West Rand Consolidated Mines frst in South Afrien to pro- duce urantum-disclosed that the company had been Over- stating is profits from, gold and understating its profits from uranium.

try to In future, it would

the costs more ac- Pportion curately and would also give a monthly

estimate of its uranium

profita

The results of this revision pre extraordinary, For the month

of December the mine had re- ported a profit of £62,000 from gold, and had not disclosed its uranium profit.

On revision, this became a low of about £1,000 on gold and a profit of about £16,000 from `uranium. .

1ts total profit for the last quarter was £419,000. On the old basis, this included a nét profit of £204,000 from itránkat, On the new basis, net profit from uranium becomes £389,- 000-Router.

Top 25,

per ib. closed unchanged 10 points CHICAGO Grain

The Bank said the surveys

Buainem was done in the local were to be made at the request unofficial exchange market of the Governments of the morning at the following rates?— Toderation

Bingapore and US dollar (per 31)

Sterking nata (per: £i) Britale. The mission would Indonesian rupiat, (per 100) 2020 b-bid t-traded United Press.

25.70 leave Washington on January Ham cars (per 100)

1.20 10 and arrive in Malaya on Singapore (Sena)

10.00 January 23 for the three-month Indo-Ching pleiros (per 100) accordance atey.

New York Cotton Prices

areembly on the sand bank,"

February 4 to 11 Tho | 40 this day; the tradition of

has been maintaled and date back to the 17th and Indian President, Dr Praidd, wenith in distributed on á lengo Many aro con will open it and My KẦM. scale at the Kumbh Mela, "Not verted private houses, quita, un Munshi, the "Clovernor of the only money and countinjewelr stilled to their prosent use. A state of Uttar Pradesh, will pre but also slephants, nor girl bounding school at Sido.

ADJADI

The mission would under take

general economia potentialifige and subs. mit z

hendatoris ; döslgried

Governmenta, bl MALAY Cand 2 Biarapoto rikt

(long-terrh develope

to

and firent programIDEN.“

st cows are given way in charity. The mudon of 18 will be Panait Bouthern Fration, for | In object is to devisë means The 15 Cumbh ¿Mela - Wi example, in housed in a former | of achieving pesco,and harmony held in 1942, China Mall - prison.----China Mail Special. through spiritual teaching.

Special,

led by BirLouis "Chich," of

Britaine-China Mail Spécial.

• New York, Jan, 10,

Closing Priceh Jan. 16 Jan. 17

LONDON PRICES

London, Jan. 19.. The tin market was steady. load, irregular, wille copper and he wore fitmer Pelets closed ia follows (in sterling per long ton)

666 buyer: 006, suflar spot

1-inonth -azd Copper

United

higher with sales of 154 con- tracts. Future closings:- Contract No. 4 (world)

March MAY

Jely

Beds,

March

Spot-lvente perkib. Ich

Continet Ne, DİNAM

March.

3.226

3.23

મ

FUTURES

Prices per bushet in gents)

Kay

Chicago, 'Jan. 19.

Closing Pri