1954-06-11 — Page 9

Page

THE CHINA MAIL, FRIDAY, JUNE 11, 1954.

ROLLER IN RETIREMENT

Fifteen-tan steamroller Blg Sam may be too old to raise any steam himmell now but he can still do a useful job helping the children of Bristol to let off Aeme at theiry 11 ho bren honourably retired to a locui playing field where he is seldom without a fuil load of

youngster.Reuterphoto.

A Blend Of The Past

And Present

For The

!

New Burma

Rangoon, June 10.

Burma, while looking to the most up-to-date ideas and methods to build a modern welfare state, is turning to the past for rucial standards and traditions which will make its four da- tions solid and truly Burman.

Four years of war, in which the country was twice fought over, and the insurrections which have continued since Independence have given Burma a problem of unsettled and unstable youth as bad as that in any country in the world.

Many who threw themselves with enthusiasm into guerilla fighting and later into the struggle for independence have allowed that enthusiasm to sour and have been unable to settle down now that the aims of their nationalism have been achieved.

affec-

TRADE and

Dull Conditions On Hongkong Stock Exchange

By A Special Correspondent

There has been little activity_on_the_Hong- kong Stock Exchange this week. The market was hesitant and prices of Lands and Utilities eased fractionally through lack of buying interest.

The market is now awaiting fresh develop- ments at the Geneva conference. The fact that prices held firm despite the sudden (though not unexpected) clash of East-West views on the composition of the Indo-China Armistice Com- mission serves to show that the market has developed an immunity to "scares" and is awaiting the final outcome patiently and with hopes of

success.

On an otherwise featureless market there were four points of minor interest this week:

Bunks and Unions were firm; | The week's turnover has been Hanks Improved slightly prob-under an average of four takhs nbly as the result of a rise in the a day. London register

shares quoted 11 sema buyers are now, walt- at £95% on Wednesday and ing for the outcome of the

£ yesterday.

Yangisze Finance

Geneva conference and if the

would

COMMERCE SECTION

E. German Girls Britain Warned About

May Soon

Marry Russians

Berlin, June 10. The anti-Communist "In- formation Bursa

West stid sestarány that Soviet soldiers noem would re- ative periskosten ja mater East German girls..

The Sevicia riiesel tfreir fraternisation ban last summer and allowed Red Army troops restricted contact with East Ger mans at sponsored father-

the

Giris who have saked Interior Ministry if Livry

may marty

Botlet soldiers have been told the Soviet ban on marriages will be lifted soon, the Bureau ald United Press

US Shares Again In Demand

Competition In

Middle East Markets

London, June 10.

Britain is meeting stiff competition with its exports to the Middle East and more enterprising nations are securing Arab orders by quoting lower prices and shorter delivery dates.

A Government trade mission which visited Iraq, Kuwait, the Lebanon, Syria and Saudi- Arabia earlier this year stresses this in a report to the President of the Board of Trade, Mr Peter Thorneycroft.

firms.

the

CX-

Competition on price and, led

Middle East trado delivery from Continental mission, stressed the need to: countries, and the extent of British manufacturers and American trade connections pters to work really hard it they wished to obtain orders with the Middle East oil-for the goods

which

theso producing areas, the report Middle East

Cast countries required. adds, will require greater The Arab countries wanted efforts at salesmanship the best Brilish technicians

for their development experts suited to the Arab world.

schemes, sald Sir Edward, and facilities for servico after he pointed out that much of the sale, and more extensive foreign competition In con- New York, June 10.

contructing work arose

on price, rose from results are successful

knowledge of local $5.00 to $6.20 when the yield not be surprised if this generat- Renewed demand deve-ditions, if the present level some lenders being undercut At turbed 11% per cent cartier ed a lot of interest in the Stock loped for stocks today to of British sales is to be held a consequent loss to the foren this week.

Exchange us well, of course, lift prices as much as Д or improved. Amulgatreuted Rubber shares trade with the mainland. which slipped from 83 to 79 Though many old China hands point or more after a

osten- doubt it, a successful outcome day decline had sibly 71 profit taking, re at

could l Geneva

give a new than $3,000,000,000 from cents yesterday | lease of life to

Western en- the market value of all after 109,000 shares had changed terprise in the Far East. There listed shares. hands during the week.

is obviously a lot the West con In the Lands and Utilities de industrially and economically

world. sections, prices were marked in this part of the

Market own fractionally through lack

prices Trams, on of support. uver of 4300 shares. cents yesterday. China Lights (new) however held steady at $11.20 on п turnover of 6,000 shares.

cents

covered to 81

Tuesday

RIC attrac

a turn live; yields have, if anything, in

fell 30 improved slightly in the last week. Here is how share prices

tared:

Prices have kept reasonably | Banks high on the Gold Exchange this

Unions week but the business bas bot been been exciting There

Juna 8

1535b 1040 1015

10

$30b £300 840

0,80

4.85

6.05

11.00

IL BO

11,70

833

0,10

NIK Jomid

Dat

50%

0412m

24.40 75,10

23

A Wheelocks

Chi Prav

bellef general

amongst the Chinese Community that money

at the moment is extremely ifk Hotels "tight"--this has been notice- able. I believe, particularly at night clubs where business has | Trains dwindled reusiderably in the

Ch Lights last few weeks.

This could account for the Old Stock Exchange dullness, too.

New

New York Cotton Electries

Market

New York, June 10. Cotton futures to lay fluctuated indecisively on a mail trade for the tenth ression in a row.

Duy traders Liquidation at the close suftened prices

14.00 14.00 14630

11.50 11.50 11.20

20,60 28.60 28.40

2430

20b 21.001

22334 235 23.30s

biryer s-seller in middle

Telephones

Farms

two-

cut поте

groups

All major

closed higher. Carriers turned in the beat performance-an Average of B1 cents, reflecting numerous small gains and risca around & point each in Karisus City Southern, Southern Rali- way and Union Pacile,

Industrials were an 85 cents (on average and utilities were 23

cents better.

Trading was not active. Many investors preferred to study the markel's behaviour after Tues- day's break which

the heuvleat since the post-Karen war session of June 26, 1950. There

Mr Heathcont-Amory told the conference that there had been a number of relaxationa of credit restrictions which led him to believe that United King- dom exporters were not under via-D-vis their

any handicap competitors.

The future position does not appear "'altogether healthy" because of such factors as the slowing down of work in the stifields, British prices ind deliveries being beaten by com- peittors, and overstocking.

He thought the terms of Hence, it will be difficult for credit were cheaper than these offered by any foreign agency. the U.K. to hold her own these Breas without an Inlen- sive drive. and unless The utmost attention is paid to the relevant sales factors.

In

FAM DEALING ASSET

ing is the most valuable

The reputation for fair deal- bangt the British have in the Middle East, but in numerous markets it was clear to the mission that nionc would not soil. The price factor was vital.

quality was evidence, however, of "bargain hunting" and short covering, market men said.

The volume of 7,610,000 shares compared with 2,380,000 stuures yesterday.

Metal shares showed srtengih, Out of the 1,132 issues tradext, 030 were higher, 234 lower, 200 unchanged.

The NY Stock Exchango bond volume was $2,800,000.

Tho

American Stock Ex-

volume change

Was 350,000 shares.

110.79

Ceylon Tea Allocations Unchanged

Colombo, June 10. The Commerce Minister, Me Scannayake, armounced

"Many Middle East pur- chasers have lost faith In Bri-R.. tish delivery promises, and stil domplain about delays, which in too many cases had been left unexplained,"

in Was

where

today that 65,000,000 pounds of quality tea will be allocated for the London Auctions this year the same amount as last your.

An unlimited quantity of common tour may be shipped, he also revealed.

A

1

total of 85,000,000 pounds will be available for the period ending in June, while the the maining 30,000,000 lbs, will be their earmarked for the succeeding

for six-months period,

To retrieve the position and restore confidence, the missiers recommend that British many- Burmese leaders see in at the

Lacturers should adopt state religion of Burma | pure form, unsullied by Western

practicable, the penally clause, return to the old standarila though under the Constitulon || Influence.

There seems to be consider- Dow Jones closing

as a donc on the Continent. Averages of traditional family

holds 4 "special position...as The Golden Age of dancing

abio interest in Hongkong about were:

The greatest need of the faith proferred by the tion and respect for elders, majority of the citizens of

vast during the reign of King Mindơn

the role focal industries will play industrials

320.13 Middle East countries the (1853-78) produced what seems combined with spiritual be- | Union."

to In the new Kai Tak air port ex- 10 rall

107.31 development plans to be perfection in the style close the market down 5 to 9 tension rehome. A number of a utilities

trained men. The mission re- stocks liefs, the only way to chan-

been Ceylon tea crops have between the

190.57 commend that the UK. should exceptionally good this rather points on the day. The market businessmen I spoke to this week 40 bunda

year, postures of form and the somewhat jarring

the older opened unchanged to up 1 point. on this subject

170 d select men of the highest quali with production are very in- Comm. ure price index

figures show- fications to advise those Govern-mg on excess of over 30,000,000 Tinding volumes and open interested in the project, and be- agility of the moclern which

terests in the Exchange today

ments whent invited to do so. enlls for virtuosity rather than

lleve they could supply much of sensitive art.

_2": | pounds over previous estimates. There is a potential market Offerlags at the two. were:

the material and equipment re- New

recent for port equipment and con Colombo auctions totalled tractors' plant at Latakia Port | WANA

record average

of 7,300,000 In Syria, whore new works are

pounds at each auction. due to be completed by the end

The Minister stated that if of 1950,

Ceylon necessary,

Intended to Kuwalt State's programma of cut the allocations for the Leu-

over the next few

nel the enthusiasm of the abilities in Burma

There are no religious dis-

young and

society.

build a stablenden; that

and UN because of the tolerant nature of the people, and Buddhism, the position will anything do] remain like that. He has four But more than they look to a great upsurge in Christians and two Muslims in The school is devoted to the the religion of the his Cabinet and non-Buddhists task of keeping alive this pure country's also hold high positions in the form and has recrufled children the

armed forces and exreutive. from ail uver Bumn, giving them general as well as danc- During April # mission

Ing etfucation. Burma-torn priests represent-

the country's Catholics The visited the

Buddhism. major ty

کردم

17.500 00 people,

Buddhism has

never Bagged In Burma, which has always been one of the most religious ins countries in the world, but it

As felt that a new and constant Government's

re-affirmation

peace

who Ja

of

chiken-he oldest Vatican at the was recently gave a display 4 of startling beauty and rhythm

expense

ofi

Ja of its principles goodwill visit Inspired, it in Rangoon For seven nights. and of its complementary nature believed, by the Prime Minister, they drew packed houses and with progress und

himself quite frequently gave demonstrations of dancing attends special services in both lessons and the various sleges needed.

Protestant

and

Catholle of the development of the dance. Under the inspiration of the Churches.

including the Influence of Indian very devout Prime Minister, U

anet Stamere (Thai) dancing. Nu, Great Council, only the

To the music of flute, drum, hold

in the 2,00U The the death of

jeyinbol and clapper, they danced

sixth to be

years since

Painting Schools

Burma is also trying to recap- with all the assurance of veteran Buddha, has taken place in Ranture her traditional styles in the performers while retaining the goon during May and will, in arts which many feel have not grace which the course of its two-year meet been improved by contact with only to children. ing. coddy the scriptures.

The Council's buildings are

Jater

comes naturally

Western civilisation.

The yours of British colonial

Superb Clowns

An- Upper Burma in

The little

boya and

traditional

clothes,

Open quired but they say that as yel Interes It is too early to expect any in-

504.000 233,500 diention from Government as to 332.000 what their precise contributions 256.400f any-will be.

Month July

Volume 10,700

October

December

11,100

March

1,800

May July October Total

1,500

191 200

6,1100

1:00

03,500

23,100

13,100 1,077,220)

(balem) -United Press, NEW YORK PRICES

New York, June 10. Prices of cotton futures closed today in US cents per lb, as

follows:--

Spot

July

Oriber

December March

May

Julv

October

325n

31.17-10

24.00

34.09

31.24-29

34.23

34.14

39.42

United Prese. LIVERPOOL MARKET

TODAY'S STOCK EXCHANGE

-United Prens.

York Rubber

Market

New York, June 10, Rubber futures elosed today to 50 postita higher with sales of 112 contracts.

39

Speculative buying, prompted

new works

indicates that a

large

firms

don

"severely" in the

local auctfors

to handle so averngn of 0,000,-

·

000 pounds each weekly sale.

The proposal to reduce Lon- dóti allocations draw praiss from industry circles.

years Includes the construction futur to by Geneva-Indo-China uncut- of a new harbour, and the re- tainties, plus a paucity of ship. | port ment offerings because of the number of Continental Singapore holiday, all combined are interested in quoting for to put prices on a higher level. Its construction.

In the spot markoi a quies business included some three sheets at 23 cents a pound for both June and August delivery, Landed.

PROPOSED DEY-DOCK

In the Lebanon, there

The Chairman of the Law Country Products Association,

is a Mr. S. Pathmanathan, said this proposal to form a company for polley was a step in the "right"

of building

and direction, adding "we see in it, Spot Rss No 1 were quoted at the purpose

operating a dry-dock primarily hopes of establishing Colombo 23 cents a pound, nom. Prices:

use of tankers serving as the centre for Ceylon tea."--" 23.40 for the 2100 the Levant coast. The total United Press,

capital cost is estimated to be 24.50 about £2 m and Д project

(From Our Correspondent)

Business on the Stock Ex-July change toddy amounted to September Liverpool, June 10,

$142,640. Catton futures, in perce per the morning's dealings:

Noon quotations antecember 1b. and based on American | KHANES BUYKAS SELLERS BAKER | JUŰ middling cotton, 15/16 inch, BANKE closed today as follows: October/November December/January

to be used for World rule, especially since the Buddhist University which will nexation of

girls, March/April be added to the Institute for 1885, gave little encouragement enjoying their dancing and May/June Buddhist Studies, for which the to the indigenous arts. But the dressed in the most gorgeous The official Ford Foundation had provided

Intense national feeling which it

showed cotton, as announced today are funds, New pagedus are being prompted helped to retain the Burmese dancing of its best-all unchanged except: bulit and old ones repaired as Burmese national costume at n

1qs stylised than the Indian Egyptian outward signs of the people's time, witen many countries fra

and more graceful than the

Rarmak good/fully/good 44.00 nom. faith, while

43.50 Gica. 30, every encourage Aala were

Ashmotini, turning to Western Siamere.

41.000 ment is being given to religious drose.

The Exchange will be closed studies.

tomorrow, Friday. United Press,

Bitter Critics

Asia and the world, and that

The clowns, without whom no Now that Burmese has re- Burmese dance or play would be Three placed English as the official complete, were superb. language of the country, is is boys, aged 11, 12 and 14, show- U Nu believes the Buddhist hoped that there will be un im- ed a mastery of the technique religion can offer a great deal to provement In the standard of of buffoonery which would have

literature. A carned them vernacular

applause on any sponsored by the stage. society

They had perfected the now is the time to focus alien-Government la in chargo of the timing of changes from serious- tion upon this fact.

lasic of translating hundreds of ness to humour to slapstick, the olasales and technical books into which is the basis

comedian's ort. Burmeto.

The school, in Burma's old. capital which is still the centre

hds

opened

Bio policy has some bitter erides who call it unworldly andi

A painting school to teach the a waste of money, Last year, the Minister for, Culture, U Tun old, pure Burmese art has been Fo, resigned from the Cabinet started in Rangoon, while the Enying that the country could Government ill-afford the money. It was spending on the Council.

The Prime Minister, however, has practical as well as spiritual answers to "give his critics. He argites, "and facta prove him right, that Buddhism, with its creed of non-violence and belief

factory near the ancient capita of Pagan, on the Irrawaddy River, to revive the art of mak inu lequer ware.

ot

of the country's religious life, will ister expand and teach for this us plays, which have more drama. There is less need continued in the rame forth for centuries and often with the sabad plots, have never suffered the docline that "dobeing bod}

The

•fined of

Supreme Dancing

Butma has navėj

Indigenous-ulture

LJ

VILLA

LONDON METAL PRICES

Provident

Bhai Kurd ..

Humpty

UTILITIES

88

1000 @ 6.88

May

74.20

United Prem.

LONDON MARKET

London, June 10, The rubber market was firm with No. 1 Ras spot quoted at

Prices; 600 10-7/10 pence per ib.

No. 1 Ras spot. 199610-7/16

Bettlement house term:

1932-1915

General markets, elf Basin, pert.

CHICAGO GRAIN

has been prepared by a New York Sugar

Arm of consulting

engineers,

Speaking at a Press con- ference

D. in London, Ar Heathcoat-Amory, the Minister of State at the Board of Trade, and Sir Edward Benthall, who

LONDON WOOL TOPS

London, June 10,

Market

New York, June 10. World No. 4 sugar futures closed today unchanged to 1 point lowrer with sales of 273 contracts..

Domestic No. O sugar futures closed unchanged to 2 points

cez- lower with sales of 134 tracts,

World futures.

The wool lops futuros, marketi

showed Uitlo closed stendy with a turnover of change In a quiet market:

While no raw sales, developed.'; Closing prices were id penes dealers noted many padding in

quities,

TK Dark .. 1630

10

5 A 1648 1645

31A5

Dost Asia

173

31.39

INSURANCIS

31.33

Uhton

31.24

prices for spot

Lombard.** SHIPPING

Asts Nav BOCKS ETC

Underwitter 0.00

50

03

3000 1.05 July Aug. Bøpt,

1012-10

1920-193

Del/Dec.

1592-101

(Old) Wherlock LAND, ETC.

11% ficted.. 5.09

111 31.90

Jan/Mat

20-2011

Apr/June

2014-20

1000

8.03

June

1911-10-5/10

July

10-10-19-5/11

L

1000

9.18 | Aug.

IX Land

0314

20 54

Estate crepe thin.

19-5/18-191 2314 Unfled Près,

1750 17.00

84 lots.

Tram Búr Perry a

Light (0) Light (NÍ

PRICES

per is..as follows: :AND

July

Sept.

Chicago, June 10.

Oot.

.... 28.10.

Prices par buhel in ceris:

Dec.

JOTI

Closing

Mat,

Priced

300

May

June 10

July

72019 2241

25.10

Wheat, No. 2, zai

Jept.

Oemerit

27,70

Spot

23011 R735

STORES, BIe.

Dod.

Верт

Watson

OUS.

Yangiare

6.03

16.50

141

Mar

000039 Cars

NO, 3, yellow

Exchange Rates

London, June 10, The din market was firm wklie the rest of the markets were sleady but quiet. Prices closed today in sterling per long lợn as follows:

Buyer Ballers

Tin spot

3-month Copper spot 3-month Lead June Sopt. Ziya Jube

NEW YORK FUTURES?

1 New York, June 10,-. Price of metal futures: closed.

in the sanctity of Him; la Among kay her fisterer, boen, particularis Cháu Valˇtið safeguard | today. Art::UB · canta pér «15,"! ##.

the best answers to the threat

of Communiser in his country and Asia as a whole,

But the Government em phaalros. that Buddhiana is not

strong in the viguri difisy-but in religion-and the two, huve dis

| dancing!, sha jami, biotti vuprozne; ways been

on a roup of in their growth kha Chislams have started school the leaders: believe♬

Marydaley to keep alive and strong based for the haw, watrare revive Burmese dracing in its state chind Mall. Spacial,

Electric

Telephone INDUSTRIALE

Yeumati

23.10

1414.40-

11 11.30 000

United Press.

But is expected to buy -10,000, tons of refined later is: the month.

Domestic futures were interu- tar 'in a qület miarket. Priden) Cohimot No. (world)

NEW YORK TOPS

New York, Jine -10))"

Prices in US cents per... Ib. closed

toddy. «@MY!!

points higher. "Futures "Ulotkopfi con