Blessing The Papal Lambs
THE CHINA, MAIL, TUESDAY, FEBRUARY 9, 1954.
TRADE and
COMMERCE SECTION
According to the ancient Roman tradition, the ceremony of Blessing the Lambs takes place at St Agnes Church, Rome. After the blessing ceremony the some of the lambs are offered to the Pope, and their wool is used to make
garments worn by him.-Express Photo,
The New Central African
Federation
Has Its
"Malan" In A One-Man Party
Salisbury, Southern Rhodesia, Feb. 8.
Central Africa's new Federation of Rhodesia and Nyasaland its first Legislative entered history as a living state when Assembly met here on February 2.
Previously the new state had been created by the formula of British Acts of Parliament, Royal Orders-in-Council and nominated in- terim Cabinet Ministers.
With the Federation's first election successfully conducted on December 16 and the Federation's first Cabinet assembled under Sir God- frey Huggins, for 20 years Prime Minister of Southern Rhodesia, the people themselves take over from
*
on
here.
other
of
three. menders the new Some priority must be given | nine The fri duties of
fwo Africans. are Federal Assembly, meeting tem, to the question of a permanent, including
pledged to him. One - single debating chamber site for the Fedrent capital.
will porarily in a
bo Mr i certain opponent specially built in the gardens of
Two or three centres in the John Dendy Young, leader the Southern Rhodesan Legis - į
including the the rival Confederate Party, who tive Assembly, will include bills new Federation.
Victoria Falls town of Living- was the only one of his party to Federal finance,
customa
stone.
the borders of be elected. postul facilities and the pertinen:
and
Northern Southern of nit matter
for
the per-
Rhodesins, are 'dding strongly Federal nument ECOP capital.
bill covering the base for the boot of becoming the Federal capital. Salisbury, how- of a Feiferal State
ever, is gineraily expected to be have long been in preparation, ready for the consideration and the Anal choice. formul approval of the Federal legislative body.
Quick passage of them will start the Federal machinery working.
first
tp
services.
Against It
But
argue
1
Mr Dendy Young who led the in Southern original campaign Rhodesin against Federation and whose Confederate Party, formed for Fetterni elections, preached in face of racial segregation Federal Party "partnership" promises, will certainly start az Salisbury, already the capital a one-man official Opposition.
Rhodesin. of Southent
Is the
Central African politics will advanced elty In most
the be
walched closely to see the Federation and best able in size future tate of the Confederates new Federal who, though winning only one accommodate
Southern seat in the first Assembly, polled the Evidence Against
Rhodesian Parliament Inst Sep-
Plone quarter of all the votes cast tember agreed by one vote that in the election. Army Captain In the territorial capital should be Mr Dendy Young told a recent moved if Salisbury beenne the Confederate party congress that Federal capital.
they
from the had emerged Kenya Completed
Civil servants in the territorial elections with flying colours," administration who have homes and their success was assured Nairobi, Feb. 8. in Salisbury
against they kept up their lighting A summary of evidence against moving. Others say that there
spirit. Captain Gérald Seley Lewis would be too much
congestion wou farme: In Griffiths. 43-year-old
became the the city if it Commander of the Company King's African Rifles on changes Federal as well as the territorial
capital, with
The Confederates, though de- arising from alleged it-treatment
In all but
one of the feated of Africans has been completed, General, as well as a Governar,
In residence. an army spokesman announced
Sir Godfrey Huggins has constituencies they contested in the Federal elcction, are now today.
ready announced that legislation
territorial to the The summary whi
be in the Federation's first Parilarning
rections of Southern Rhodesia 18 candidates which they have considered by the East Africanment will consist almost entirely
constituencies. Commander-in-Chief General Sir of measures for the atministra amon George Erskine, who will decide tion of the Federal State, with resition, severnt
of ten Inde- an Att amending kaws of the pendents in the Q
elretions will Federation's three territories
he Confederate support. which cover Federal subject,
The United
Rhodesia Party, After measures such as an
by Mr Garbeid lod
Todd, Exchange
an Im- Control
auccessor as Scuthern Rhodesian onlee premier migration Act and n Post
to Sir Godfrey Huggins, Act, the Federation abou! seven Minister
pledging co-operation with the Federal Party.
now
Whether or not to convene count martikal.
Captaly Griffiths is now held
in close arrest at the main army barracks here.
of
He was rearrested at the end
läst month,
д
Governor.
Prime
Malanism?
30
has said that car will campaign for all 30 sunt,
wooks after he was acquitted by tion will later have to
a court macted here of murder- | 110
He
to Federal Citizenship Act and Ing an Afrin forestry workera Federal Electoral Law. durig an anti Mau Mau opcin- tion in the Nyeri district Last has also monthChina Mall Special.
Intellectuals See Mr Gromyko
Berlin, Feb. 8.
| present.
What
is the consolidation of the whole area into one economic unit and the sound development of the whole Federation.
of
HK B.I.F. Plans Are Oil Is The Biggest Well-Advanced
EXHIBIT WILL BE "MOST REPRESENTATIVE EVER”
Plans are well advanced for Hongkong's participation in this year's British Industries Fair to be held at Earl's Court, London, from May 3-14. According to the Secretary of the Hongkong B.L.F. Committee, Mr G. B. Kite, the exhibit itself will be "the most representative ever sent to London."
"The goods to be shown will reflect the continued improvement in the Colony's manufac turing industry and the London display will this year Include a completely new range of exhibits,” he told The China Mull,
Mr Kilo askok manufactur- | for of the Hongkong Govern- ers and merchants who wanted ment Office in London, Mr the names of their Arms to E.G.A. Grimwood, will be the be included in the B.I.F. Dire~ Inrgest in the Commonwealth tory to be distributed at the section after the exhibits cl Fair to send in particulars as the big rell-govtraing Demi- Eigen as ressible. This year's lonaA. It will cccupy A Lotr.l
dlicetory would have to be area of 825 square feet. prepa.ed at the end of March. approximately reven weeks hence.
"New
melal
DIVERSIFIED INDUSTRY
In th
exhibit the B.L.F. thes
will when Committee time
show world trode is dieu to take every buyers a cross-section of Hong- diversified Industry. ha kong's opportunity to advertise," Fail.
reminded manufae- Thrie will be examples of the turers and merchants not only Colony's textiles and made-up embroidery work. wer 2,000 copies of the direc
Eniments,
erthet. ory distributed
vacuum during the | footwear. cleven
days the fair was in flasks, walls, screws and other progress last year but an addi-light
goods, jewellery, jonal 2,000 copies
di | ivory ware, were
powlerware, tribute to all 3aris
the ant novelties. These goods ard if world later.
al present en route to London. They were selected by a sub- committee which visited The Chinese Manufacturers Exhibi- tion at Kowloon recently. Other goods were taken from the pro- duction llnes of well-known manufacturers in the Colony.
rs
This year's directory was
ser
in
ID
be remonttien le that impori-
could
a clearer fashion wha Hongkong wag manufacturing.
The Hongkong exhibli, which is to be supervised by the Direc-
Russia Agrees
To Sell
Cotton 1o Italy
Milan, Feb. 8. Russia has just agreed to sell 30,000 bales of raw cotton to Italy, undercutting American prices by three to four per cent.
toys
Learning More
About Flies
Wilmington U.8,
Feb. 8.
United
S'aten Public Health Sorvies entomo- torials have # novel· ULIC for nylon thread-to study the life of the ordinary hosane fly,
Inch-long nylon threads are slued round the bodies of about 1,000. fling each day with the help of a amall hypodermis syringe and the scientists are shur able to track their nirmal flight range, rate of 'dia- 'peraion und reaction
various insecticides,
The Allen aro
to
興路→
aesthetised with carbon dioxide while the identi- fying thread is fixed and they are thøn revived artı
Mall released. China Special.
HONGKONG SHARE MARKET
From Our Correspondent) Business done on the Stock Exchange this morning amount- ed to $903,659, Noon quotations and the morning!'s 1101
transac-
BRARES BUYERA SELLENS BALES HANKS
Commodity In
International Trade
The biggest single commodity entering in- ternational trade toddy is oil, according to reports from London.
-
of
In 1052-the latest year for which figures are avaliable — 1214 million motric tons
crudo all and finished petro- leum products entered world market. This was greater than the combined tonnage of the next two most important com- modities-cool and cercats.
China May Give Orders To UK
London, Feb. 8.. Communist Chilia's 'com. mercial agency In Eart Berlin may offer to place several major
million pounds
Thess totalled 185 millen tans. As Britain is a participator in the oll Industry, its flow in of especia} interest to her.
On any average dny, over 10 million
tons, worth around £100 million, are In transit on the high seas. Of this, about half
handied by British companies anel their Dutch Asociates, And so widespread
on
have their commitments become that they have even hind ccession to buy crude cil 07 refined products from the U.S. to meet their obligations,
And this. despite the
fact
com-
that British and Dutch panles produce more than one- third of all of entering Inter- i national markets. (This ex- cludes ell produced and con-
The sumer in
U.S.A.
Dr in
·U.S.S.R.-controlled territories).
In volume, Britbin and
her
con-
11
Dutch associates annually
tribute approximately 100 million tons, obtained from score of different countries, "INVISIBLE EXPORTS"
The oil business thus pro- vides an outstanding example 7.20 of what are called "invisible
exports".
In this case, these Overseas are the accumulated eatings accruing
Britain through the world-wide trans-
K. Bank .. 1080 1670 40 * 1865 East Ax 101 INBURANCES
Union... B32 860 Underwriters
SHIPPING
2000 a
Waterbest 10.00 20.30 Asia Nav
1,10 120 1000 11 1.195 DOCKA, ETC
1. Whart 731% Dock Provident(0) Provident (N) Wherinck
LAND, ETC
4.K. Hotel K. Land Humphreys
Really UTILITIES
Tram
Star Ferry
13
11.60 0 21,40 13.00 Log T 13.8d
B.10 8.20 800 2 1.20 1500 4.8.16
The #1 650
10 60 10.00
2.20 3.2734
141
to
actions of her all companies.
The earnings are supplc- mented by other activities linked with oil production and 774 marketing. They include the
provision of tankers on charter the building of tankors for
the manu
equipment for export; the supply of stores for overseas oilfield ure; fire insurance of oli.company cquip ment and property.
29.70 500 20.70 foreign countries:
facture
of drilling
1000 2915
500
322 500 33
600 or 3215
20.00
30 1600 10
200 or 3014
much foreign
2000 m 28,34
worth of orders In Britain
and France, rellable
sources said tonight.
A Brillah Industefal mis- sion will go to Berlin to negotiate with the Chinese trade agency some time this month, Bio Hources Kald.
same
·France-
NEW YORK
STOCK MARKET
a
New York, Feb. 8. Heavy turnover
N and In sharp price rise RKO Pictures Corp, stood out as one of few fentures in narrow-moving, moderately active stock market today.
RKO Pictures responded with vigour to the offer of Industralist Howard Hughce its Chairman,
at a
to buy all assets of the Cor- paration for cash at aprice puzz equalling around $6 a share.
It opened on a 200,000-ihara block et 55, up 216 points
closed at. new high. 11 $64. The 200,000-shake bleek was one of the largest ever turned over in the history of the Exchange.
407,200-share Taval volume in the single issue ac- than one- counted for more Alth of the 2,180,000-share turnover for the day and made the session one of the most active of the year.
Stanley Warner
The
Pictures,
helped by a 12,500-share block, also had heavy turnover and followed RKO nmong the
Moreover, Briton is saving active issues. It improved
2nd point to $121.
currency
all her oll
Hongkong will be represent- ed at the Fair by a delegation of about six
manufacturous, merchants
Government and oficials. The members of this delegation will be appointed_by the Hongkong B.L.F. Committee. Me Kite reminded merchants and manufacturers of the vast opportunities offered by the on- nu:l fair. **The B.I.F. is the
C. Light (C) 15.00 16.00 500 «p 15,50 world's biggest concourse of
G. Light (N) Common- buyers, particularly
12.00 2300 or 12.30 Electric.............. wealth buyers. Last year there were buyers from more than
Telephone 60 different countries.
INDUSTRIALS has im Hongkong's exhibit
Cement ...
21.40 3200 211
500 17.00 satisfying nearly Rope ... als proved in quality tremendously since the 1948 Fair when the STORES.
refining at home-instead for ETC. Its industrial Colony revealed
20.30 1300 @ 20.40 of. formc.y, importing a potential on
a small area at
more
expensive Earl's Court. The items on dis-
finished products. play then included. Just few barrels of ginger and some em- broidery work. Since then there has been steady
improvement the in the quality of
display and an increase in the size
last the directory, although
the year, Mr Kite said, trics for the directory were "a little bit disappointing."
"This year, however, indich- tions are that
the
response will be Hitle better. We
scnt and out circulars on Jan. 20 these have produced promising results and it seems
we shall be able to produce a fairly comprehensive list of Hong- kong's merchants and manu- facturers."
This is reported by a three
whe man Italian trade team recently new to Moscow look ing for Soviet bargains.
The trade team has also in formed fallan cotton chiefs that Russia is going to be an important supplic","
In
Moscow the Russians entertained them with Vodka and sightseeing trips after they signed the contract.
Commented
of a spokesman
"16 Institute: Italy's Cotton seems that Russia grows a-lot more cotton than the West be- Heyes. Last year Soviet delegates conference told a Washington that the Russian crop had in- creased from 2,700,000 bales, in 1042 to 4.059,000 bales in 1952. But
representatives Western were seeptlent.
Daley
Wotron Lans Crawford COTTONS
Bwo
Textlin
21.10
25.40
3600 or 21,18 relatively
500 251
1,03 7.3.10 3000-
nts
,
of
6.35
1500 47500
-
MISCELLANEO
Yangtze Younali
advantage
This last
post-war 7.05 from Britain's 2.05 struction of new refining plant average..
STILL HIGH
Stocks generally held to a range of point or so either way after a strong opening which saw industrials once again coine within a shade of their 25-year stems highs, prevented only by ex- con-dividend adjustment in their
in all of the major groups resulted in small average declines. Of 1,188 lasues
494 traded, however, higher, 412 lower, 202 changed.
0.00 with a total annual capacity of about 28 million tons more than ten times her capacity six years ago. London Express
140 141 300 142
Singapore Rubber Markel
Singapore, Feb. 8. The rubber market sagued on some seiling during the day. There was some factory buying for lower grades.
Future closings were:-
542-5416 No. 1 rubber por lb. Feb.
Mor. 544-1434 Apr. 341-45}}]
Service,"
Chicago Grains Continue To Improve
Chicago, Feb. 8. Grain markets continued
Ex-dividends
were un-
Weekend news developments: eneouraged favourable- market sentiment-among them
the
announcement of House Ways and Means Committee will dis- cuss capital kaing is easement thla week.
Nevertheless, with industrials to new peaks after so close their aburp riso, caution seemed, the wise policy to many in the. Street, pending more concrete.
The U.S., world's largest raw New York Metalber per 1b. Feb, improve on the board of trade developments.
4
New York, Feb. 8.
Cotton traders were active in
"
The NY Stock Exchange hond volume was $5,180,000.
The American Block Exchanga and volume was 490,000 shares, —
wheat End Boy- 316-314today with 631-542% beons in the lead. 40-4415 #4-05
Both wheat and beans open- United B,
ed fully stady to firm continued to advance through- | United Fres, LONDON MARKET
out the day with prices at the day's best levels during the in hour.
London, Feb. 8. The rubber market was quiet with No. 1 Rss spot quoted at 18-5/10 pence per lb. Prices:
DOW JONES AVERAGES Dow Jones closing, averages on Wall Street were as follows;~~~
Feb. 6
New crop, wheat was the 30 Industriata strongest in the bread cereal 20 rallie No. 1 Row spot ........ 1614-10% | pft with July, Sept. and Decem-stocks
111
with the bulk of their require ments.
cotton producer, supplies Britain and Western Europe
No. 4
Futures
Spot rubber unbaled Blanket crepe No. 1 pale, crepo
New York, Feb, 0.
New York Cotton Market
Lead
Feb,
11,764
Mar
11.750
Tin
Feb
#126
Mar
83.04)
Zine
Feb.
8,70h
Mor Copper Fob,
0.7Ah
27,784
Mar
27.10b
-bld.
All prices in U.S. cents,
LONDON PRICES
Mur.
Apr./June
Júly/Sept.
Tin
3-month.. Copper spot
3-month Lead Feb.......
Apr. Zino
Apt.egg All prices in storing per long ton, -United Press. ·
Landon, Feb.
Buyer Seller 632 0574
035 122016 12:30 213 218
Oct/Dec.
ych. Mar.
April
0214 03
8214
737%
7215
J
today's session into the opening per 1b-United Press. Southern Rhodesla's territorial and closing transactions. elections offer the Confederates Final prices were off 3 to 7 suggested that the their best chance of establishing points net. The market opened 33-acat Legislature
points, in
New Orleans Central African up 3 to 7 themselves should be enlarged in due course
closed off 5 to 12 points. to two parties to be well politice. In the Federal election, a little over polled
Opening on a note of buoy- Confederates
third of all votes ancy, the list moved up 35 cents
in represented.
#c a bale on a week-end In a broadcast following the ne
Rhodesia compared Southern success of the Federal Party in with less than one quarter in
cumulation of
foreign
and the Federal election, Sir Godfrey Northern Rhodesia and a smaller
domestic mill buying. Huggins
said:
mua fraction in Nyasaland.
But
demand suddenly the occupy our time from the start
Activities of the Confederates flattened out and prices settled are seen here as the beginings babic irregularly in quiet deal- Africa similar to the situation in
racial politics for Centralings, but met underlying sup
port from domestic mills and A delegation of German
Doctor commlesion South
house Africa, where. Intellectuals today handed the
Danici Malan's Nationalists have previous close. Soviet Deputy Foreign Minister,
of Trading come to
volumes M. Làng roi Gromyko, #
strict
racial, against memorandum asking for freo-
the more
lows:- dom of scientifle and artistic
United basic logislation, there will be liberal policies of the German exchanger, the East
Month time to find natural lines of Party, formerly led by Field March A.D.N. news agency reported.
that M. cavago on controversial sub- Marshal Jan Smuts, agency mald
Racial Issues, It now appears, Gromyko received the delegadosta
"The next election can then may in the future overshadow fought on party lines, al- the original purpose of the i though "untli we increase the Federation which was to tie the The ughncy, sold that the size of the Federal Parliament thred tortoties into one, balanc- delegation consisted of Professor will be difficult to have both ing commomle unit, August: Gallinger of Munich, a Government and a Goverti- If ever the Confede sculptor Hans Grall
The
tion at the Soviet Embassy into Enst Berlin..
On Party Lines
below
in
the
the
ag. fol.
"When wo have passed all the tower on a polley Exchange today were:
pr
mont-in-walling seninst the day Federal power wil
Karlsruhe, the woman painter when the Government is de to
Dors Moyer Vax of Nuremberg teated."
and journalist Heinz van Reuben in the Arst Federal Assembly
Pakhwile
FT BOX Godfrey Higgins
ashurod
Their morazime overwhelming support of
dum Tabelaisention to the most of the members. His party. Wwwtornet foreign ministers, won 24 of the 26 samt for sleated
ardinary "European:"zemlé
p
May
Judy
Dec.
Mar
July
Toist
won plans
COTTON
Open
Voitinte nterest
BRADO 10
48,000 438,700 29.000
82
CHICAGO GRAIN FUTURES
Chicago, Feb, Prices, por 'bushol, in" cents:
Wheat, No. 2, red.
Closing Prices
11.000 $1,000 14803
300,000
21436 (1) 213%{L}-
2001-
No yellow
-Bettlement house termi
'now'
35 titles
40. borde
103.13
156,02
$12.00
170.07
101-150 ber deliveries trading at
-for the season. Support Comm. tylure arles index 103-1044
-United Press. 101-16% || came
continued dry on the
US COMMODITY INDICES 16-18 weather over the southwest and
New York, Feb,, il. General markets, cit basin, porin: no indications of
10-1/16-10%
There 10-1/16-102 | has born apprehension on the
· United Press.
Increase concerning the condi- Lion of the new crop since wide of the South-west oro
103-105 in the latest forecast: moisture Dow Jones
NEW YORK MARKET
Areas
spot commodity price Index 173.20 170.57 future comun, prico Index ..... Moody's, 15 commodities index, 325.00
United Prem
suffering from lack of moisture New York Sugar
New York, Feb. 8, Rubber futures idday closed and try, powdery kp toil.
5 points higher to 20 points
March, May and July soybeang lowor with nies of six coalso hit now seasonal highs to
tracts,
Market
New York, Feb. 8. World sugar future No. 4° 1643)
day as buying uncovered limited Tradors, reported a continued offerings., Dernand was prompted lack of interest oven though the by, the small country offerings in local price situation was con- the face of rising pricca fe, od day closed 1 point lower to sidered the most attractive any-crop positions.
A palate higher with sales
282/contracts. whera; **:
No. 6 sugar future closed un- Wheat, closed up to 2%; Shipment offerings from the soybeans up 35% to off th cent) changed to 1 point lower with primary centres were above a At Winnipeg, wheat was.aples of 47 contracts. Future
priced at 1799% for No. 8 closingsQUAN Northern, and for No. 5, It was Contract No. 4 (Worldy
March at 105 cents United Pross.
workable basis..
"A" limited business in the local spot market included several small transactions fair nverore qually No. 8 Bhoots at 100 conta a pound
Spol No 1 Rss wore quoted 19% at 10% conts. Fuluro, closings:-é
Exchange Rates
MAY
{July
No comments yet.
Private notes are available after approval.