1954-06-16 — Page 9

Page

WISDOM SHOWS THE CHAMP HOW

THE CHINA MAIL, WEDNESDAY, JUNE 16, 1954.

The uni-sa-muscular pugilist on the loft, giving a few friendly tips to the new British Byweight champion Sammy McCarthy, is the former flyweight champion of the 10th Hussars, Norman 138 # Sammy, who doesn't look too scared of having comedian Narmian Wisdom. potential challenger, was visiting the comedian on the set of his new film 'One Good Turn' at

Pinewood Studios. — Reuterphoto.

The Kremlin Steps Up

War

The Cold Against The Church

But More Youngsters In The Congregations

Moscow, June 15.

Russia's youth leaders are being called upon to help in new efforts to "sever Soviet youth from the reactionary influence of religion."

"Young Communist," journal of the Young Communist League (Komsomol), has called for increased propaganda on "anti-religious and natural science" themes to counter the teachings of the Church.

In "Krokodil," Russia's only satirical magazine, there have been cartoons ridiculing Komsomol members who go to Church to be married.

tolerant in

1071

All the signs point to the fact what more

its ap-generation, but even among the that

Soviet the

youth Government, proach.

come across Church and while giving freedom to religioua There are a number of signs people who atten won hup.

by the that the Soviet people expert an jobserve religious rites, celebrate fficertio spread of the Christian Gospel, carter and treer life under the | religious holidays,” partiearly among youngsters. new regime

The Communists, ntheists, per at the Chanch Tunelion and at the same times try to deaden the influence of the Church by extensive anti- religious propaganda.

avowed

C

Ready To Challenge

The Government, however,

trust 117 remains

opposed to int-

"Young Communist" added: "Can one consider religious rites

holidays

harmless ON survivals of the past? Can ene havo JTA indifferent Attitude Toward them? On no recount!

"A struggle against religious rites

holidays zari

be Communist

mut carried on by all cultural furces,

ow of the by all

propagandista and

is necessary to

The pulley has suregeded over | religion, and there is every many years it sharply reducing dications

that The

the attendance of young people Party is ready to challenge any

al relialus For virus.

But now the Church seems tu

rise

in the popularity Church.

It ogitakers. The Komsomol, an organise-explain to the musses unceasingly 10,000,000 the form of religious holidays

be winning

back at least some

of the last grund.

tlon with

Αί Motown

of

Cathedral this

Russions

nearly

10

the

Yelukhovsky members between the ages of 14 and rites. Raster, thousands and 20, appears already to have "A particular role in this case

gathered to been given a key role in com- belongs

TO celebrate Mass with

Alexel, bating religion which is Patriarch of Moscow and all the Russia. The congregation enn- aisted mostly of old people, but there were many children and

"The Komsomol organisation with which to what seemed more significant, the "Struggle towards overcom- has everything considerable group of teen-agers, | ing religious survivals" was sover our youth from the reac-

Komsomol, de- which has lo render assistance scribed in the Communist Preas to our Party in the Comimulat as a "weapon of the class op- upbringing of the young genera- pression of the tulling mas

"Young Communist," said that

More Youngsters

more

masses.

bon.

me of the most important tasks tionary influence of religion" of the Communist upbringing China Mall Special. of the masses."

such as the

The magazine complained that religious fastivals, Foreign residents, watching the colourful night-long ritual, celebration of Easter, stili "hold rather considerable number of agrond there were

people under their influenes." youngsters than before,

It declared: "In our toelety, The Journal of the Russian

onc can see not a few such Orthodox Church in Moscow has

poople who coli themselves reported the reopening

atheists and who at the same several Churches Clostri for

time adopt Central itude towards Synagogue, a fair sprinkling of and holidays.

many years.

At the Moscow

of

even Gan

A Barnacle Inside

a compromising at- Whale's Mouth

come

religious rites Sometimes, one children attended the crowded atheists who themselves parti- pcross such

Lerwick, Shetland Islands, passover services.

June 15. one or other of the cipate in The influence of the Church

Tom Bruce, "the Bird- can be gaugod

from the fre- religious holidays."

According to

whale "Young Com man" aboard the of attacks on religion quency

miniat," religion diverted the factory ship Southen which have appeared

tolling masses from the struggle Soviet Press recently.

As yet, this influence is large-gainst the aggressors, and the ture, is back home

In the

Christian

TRADE and

The Only Barrier To Convertibility Is

A Political

Emergency

Basle, June 15.

The momentum of the movement towards convertibility of currencies has not been lost and only dire political emergencies would now be capable of arresting its advance, according to the annual report of the Bank of International Settle- ments published today.

"The movement is impelled not only by the interests of individual countries anxious to con- solidate their post-war recovery, but also by the transcending and no less real interest of all countries in establishing between themselves the elastic but strongly knit bond provided by a system of convertible currencies."

Convertibility of cur-only the co-operation · of all rencies still remained the factors of production, but in dificult most effective and flexible some countries rather

structural changes, form of integration in the relation of European coun- tries with one another and with the rest of the world, the report said.

I had at last become evident

That greater freedom of trade and payments had increased the monetary and economic strength of countries concerned and there were few countries today which were not prepared to join in the common effort.

of

"It is becoming increasingly evident that progress in this direction can be achieved only it restored to trade and payments, a high degree of freedom is

even though certain temporary measures may have to be taken in order to mitigate the hard- ship necessarily

involved In such adjustments.

"It is not only from a general point of view that liberalisation of trade and payments in deair- able.

COMMERCE SECTION

Fateful IWA Meeting

London, June 18. The International Wheat Council meeting which opens in London tomorrow is likely to prove a fateful one for the agreement.

the

Only four countries cut of the 48 member countries have completed their quota purchases from the pro- during countries, and whesi circles In London report produsers. okially the United States. Canada. and Austenita adopt • "get-tough" polley many of the consuming countries will

withdraw from the agreement.

The Council, which is expected

remain .in session until Monday or Tuesday of next week, ia meeting ostensibly to dia- cuss routine matters under the agreement sucks na the election of officers, the sp- proval of the budget, the formation of committees. and a general review of the operation of the Agren- ment-United Press.

HONGKONG STOCK EXCHANGE

Colonies Buy Less Cloth

Lancashire

From

London, June 15.

There was a sharp fall in British exports of cotton piece goods to the Colonia) territories in the first three months of this year,

The biggest drop was in exports to British West Africa, says the Cotton Board. These fell from 41 million square yards in the final quarter of 1953 to 29 million square yards in the first quarter of 1954.

British East Afrin took 7.84 million yards, compared

with 9.16 million yards in NEW YORK

the

September December period last year, while ex- ports to Malnya and Singa- pore were down from 6.45 million yards to 3.48 mill- ion yards.

The

West indian territories

less also bought

cotton cloth from Lancashire.

STOCK

MARKET

New York, June 16. Heavy demand developed On the other hand, there were for rail shares late today moderate increases in shipments to lift the group to the 10 Austraila, New Zooland.

March South Africa, Bouthern Rhodesia highest levels since

27, 1953. The revival brought renewed interest in other sections.

and Pakistan.

Gains in the carriera group points in Union although strength In is linked with the titanium rather than ite ruil

A sharp decline in exports to British West Africa was the main cause of the fall in British (From Our Correspondent)

rayon piece goods shipments. ranged to B

to British East Pacific, Business on the Stock Ex-But deliveries

Africa "For

Increased notably, and that issue from

smounted change today being-as often

and there were more moderate in- company's oft $595,000.90. SCOTTIS to be thought a con-

creams in exports to Australia, holdings "I A number countries cession to the interests of other

Yesterday's steadiness WRA move forward side by side to-

countries, the removal of trade

well maintained in the share New Zealand and South Africa. operations. words the goal of convertibility, and payments restrictions, must maritet this morning and prices freedom of trade and payments be regarded as a necessary con-held well. The trading volume would be establislægt over an dition for the health and expan- woa small howĒVET even wider held akt Inay sion in each country's domestic strains And stresses would be economy," the report said.- mitigated by the very exten- || Reuter. sion of the area of liberty,"

Now that a

sufficient number of countries were determined to IKI abend with practical measures, co-ordination of policy should lead to a general increase in strength and this would make I easier for individual countries to take part in common action,

"MINIMUM BASIS"

the

LESS TO HONGKONG

The decline in cotton yarn supply of popular shares be

exports was spread over most camo scarce, Utilities again of the main markets, the drop had good enquiries and were in shipments to Pakistan being inclined to be fractionally

particularly henvy. harder where altered, and

Singapore Rubber tone at noon was steady,

Market

Singapore, June 18. After opening lower on trade and factory support the market steadied slightly around mid- day.

Welcoming the United States There was some profit-taking Randall report us "the minimum but towards the close, there was Future basis for active trans-Atlantic further trade support, co-operation,"

said closings were: the report

+1

It was certainly valuable that No. 1 rubber per ib. July 5-6

Aug. 2014-6615 the main lines of an American

Sept. 83-06 contribution to the co-operative No. 3 rubber per 1. July 641-E

No. 3

03-04 cur-Nr. 4 enterprise of a return to

been Boat rubber unhaled

65-ASTE rency convertibility had defined by a Government com-Blanket crepe

No. 1 pale crepe mission set up by the States Itselt.

United

pro-

An

in improvement ductivity, by which alone the Ilving standards of the people

could be

raised, required

not

Encouraging

Sign In

US Economy

end

-

62-6211 7015-7719 United Press NEW YORK MARKET

New York, June 15. Rubber futures closed today 10 do 30 points lower with sales of 107 contracts.

Most of the business developed in the December delivery and was believed to be liquidation of speculative accounts, plus some hedge selling

The spot market was steadier after an easier stari. Spot No, i sheets were quoted nominally at 23 conts

A pound. Future

closings:

July

September

December

March

May

July

Noon quotations and morning's "dealings:---

BANKS

SIK Bank

INSURANCES 1425 1040

Union

the

Total exports of cotton piece

this

Atlantic Coast Line ran up 314 points to $111, Santa Fe, 2% 10 $109, Texas & Pacific to $1211⁄2.

New York Central was the most active of the carrier issues but it cost only a 1⁄4 point to $294.

Trading was light until

$234

the

the goods from Japan were up late spurt in ralls, and volume sharply in the first quarter of of 1,830,000 shares compared

ship-with 1,420,000 yesterday. SHARES BUYERI SELLERS SALES is year, but Japanese

to South Africa, British ments

Martin Glenn

was the day's West Africa, Singapore, Hong-most active issue rising 2 points kong and Burma were less than te In the preceding quarter, and Steel shares strengthened as there was little revival of trade | trado reports indicated a five-to with either the United Kingdom eight cent hourly wage increase or British East Africa.

for steel workers, to be followed probably

high On the other hand, Japanese Bethlehem rose

prices. 1% to $80. of cotton shipments

cloth to US Steel gained 4 to $485. Pakistan In the Arst three

There were also sharp galas HK liotal... 8.15 8.25 1000 @ 120 months of 1954 were 41 million made by some chemical issues.

0.65 Underwriters 838477 Lamband ... 403% SHIPPING

Waterbost 11% 18.70 DOCKS, ETC.

K, Whars

B'hal Dock

Wheelock

LAND, ETC.

་ ་

014

100 10

500 0 0.23 2000 45 09.20

HK Land...

34 5415 903 úr de

1000

10744

Humphrey 17.30 17.40 UTILITIES

Tram

Star Fer

118 C. Light (0) ‍14.20 14.50 2000 ų! 14.20 4000 14.30

...... 24.00 25.10 4000 15

317 2400

C. Light (N) 11,20 11.40 333 u 11.10 1000 11.30

Electric

.... 28.30

Telephone 24.TO

yards. This marks the resump- tion of shipments to Pakistan salter

year in which this market was virtually closed to Japan.

183) 11.20 2000 11.30

Indian exports of catton piece goods were larger in the first three months of this year than In the Anal, quarter of 1959, but that shipments It is reported

declined in March and again In

AVVV 28.20

April.

300 61 28.30

28 100024.00

300 25

Out of 1,137 issues traded, $88 were higher, 207 lower, 272 un- changed.

Exchange

The N.Y. Stock bond volum! was $3.113,000, and Exchange the American Stock volume was 390,000 shares,

Dow Jones closing averages were:

to mils 30 IndustriaŻE to uties

63 stocka

40 bonds

110.41

57.70

12.1.00

100,71

-United Press,

The United Kingdom, Aden Comm, future price index 177.85 1000 24.00 and the Sudan all took mora

cloth in the first trade

quarter, and

with Pakistan

was

after a confortant

23.20 23.40 1000 # 23.35 | résumed

3316 23.30 interval. India's most

INDUSTRIALS

Cement STORES, ETC.

Dairy

17.50

Watson

1001

23.55 23.70

23.90

Texile Corp 6.30 MISCELLANEOUS

Yangtzo

0

2

Yaunati

141

24,20b

-United Free.

Really

1.89

Allied

3.70 32

LONDON MARKET

London, June 15.

with No. 1 Rss quoted at 10%

210023.30*****

INI

are Aden 10.20 18.40 600 10.30 markets at present

the

British United Kingdom. SNOLLOD East and West Africa, the Sudan. Austrália and Indonesia,

Market

Washington, June 15. Administration officials

The rubber market was easier New York Cotton of a said today the decline In factory produc-pence per lb, Prices tion which had lasted nine No. 1 spot Re 3314-7836 months was an encouraging met house

July

1936-1933 new sign that the economic recession was levelling out.

August

September

October/December..

January/March

Apri/Jtuve

101-104

1916-191

1922-20

1916-2014

19-1070910

General markets, cif bass, portst

June

July Aurut

Emale crepe, thin

19 8/10-19% 23 nom. Unted Press.

LONDON METAL

New York, June 15. Quiet trading with narrowly irregular price changes again characterised todays trading in cotton futures.

CHICAGO GRAIN

MARKET

Chiengo, June 18.

A heavier trend appeared in most gmin pits on the Board of Trade today.

The expanded wheat harvest south-west brought

In the

New York Sugar further bodges in the brend

Market

grain futures and satialed short covering.

Scatterod selling in whoat was based on the belief among New York, Jupe 15,

traders that a lowering of ex- World No. 4 sugar futures port whoat prices under today closed unchanged to 2 International Wheat Agreement points lower with sales of 81 may be pending. The I. W, A.

contracts,

trado

nations are meating

the

in London this week to discuss the wheat surplus problem.

At the close the list ruled up tracts. D to of

points. Opening A mixed prices were up 2 to oft 3 points. dealers and refinere developed New Orleans closed up 2 to 13 in the world contract, painta.

Traders on both sides of the Domestic No. 6 sugar futures market continued to mark time closed unchanged to 1 point

lower with sales of 952 com Foreign and domestic flour pending come new incentives.

MJEL

wheat was demand for between slow, but exporters reported Credit the Commodity that

sold 360,000 Corporation bushels of red garlicky wheat at Mobile today for $1,30 bushel.

Falling industrial output had been a major factor contribut- ing to the rising unemployment. farm. construction Increased and sales activity this Spring reversed the overall employ- ment trend but the factory job picture continued to look glum. The Federal Reserve Board reported late yesterday, how- production

London, June 15. ever, that factory falled to fall last month

The tin market was steady, as it usually does this time of year. zinc and lead were easy while Mr. As a result, the Board's indus copper was quieter. Prices to May | trial index rose almost two day closed in sterling per tong

in-ton as follows: paints in May-the first

Ven-

with

crease since last July.

Church in capitalist some discoveries about

the

ly confined to older people countries preached "fairy tales life of a whale. Although more youngsters can bu

of the suffering of Christ" in in the Churches, congrega- tions still consist mainly of the order to keep the masses in aub

mission and obedience. older generation.

Mr

PRICES

Prices of cotton fulures closed, today as follows:-

Spot

July

Dec.

Future closings:

Contrast No. 4' (world)

July

34.330 September

34.16-17 October

24.12

IOMIERY

34.11-12 March

$4.20

May

34.37

July

34,00

Beptember

Odl.

23.12

Spot (cente per ib. fob Duba

Dec.

33,04

Contrast No, 6

buyers actiers

7203

725

慨

United Press. LIVERPOOL MARKET

July

2331

September November MArcti

..

Liverpool, June. 15. Cotton futures, In pence per May

2 lb, and based on American July

middling cotton

15/16 inch, September closed today as follows:

70

Tin spot which The factors

entored 3-month

Copper #DOL into the adjusted increase - for | 3-month May were many and varied. Lead June Those industries showed higher zinc

Sept. who Bruce, a scientist

Sept. production: Steel, automobiles, The likes to go to sea, discovered a

major household

United Press, Church Iniulged in "lying and barnacle inside the mouth of a

television

NEW YORK MARKET But the fact that "Young Com- hypocritical propaganda."

(especially whale when he worked as a munist" and the other news-

New York, June 15. manufactured- goods, in the oil refinery, ma

Prices of metal, futures closed papers have felt it necessary to

and apparel, paperboard, devote consideratge

and iron ore,

today in US cents per lb.'as; follow- guns, Lead Jurm

religion may be regarded as an indication that the teachings of the Gooped attract • somewhat. younger audience.

the

separator

"We Must Struggle" aboard the Southern Venture,

a

goods

sets).

textiles

coal

Tire production of ammunition and crude petroleumi were down.

Buliding materials, machinery and furniture showed little Changbi

munist upbringing, is hostile to U.B.S.R. do not believe either in averaga whole. By managing may adjusted BAY,figury,)

"It may lead to some Jn-

discoveries about teresting in the Soviet Union, the whale's life" he says... magazino said, there was no Observers of the Soviet scene nood for "religious Iniry tales Mr Bruce has already es- believe it would be futile to read of paradise after death, The tablished that whales have Parly too much into this development. Comumanist

guided, the cancer and tumour trouble. He

The Board's production index There is general agreement that people, to "build a better life on has a whaic's tooth which he stood, at a 7000d 187. in May, average Soviet young anith..therefore tens of thinks will enlighten him on and July, 1953, compared to the person, by virtue of his Com- millions of workers in the parasite peculiaritler in the 1947-40 average of $100,

tas nine months, until it religion and is totally oblivious God or religious Trairy tales,"

the Church.

Me Bruce, who also studies Despite this, freligione "pre- If the Church has mado slight|judioms a

persistently ornithology. When he 339 in the pacela vr, Cast ICADANG gains in recent months, as seems held in the concioumises and 'Antarella: thinker whiter caught, the monkhadbutt (the cabitant probable, this may be due to the everyday life of a certain section | nowadays “more-Touch smaller, fzure malche regras Widespread belief that ths of the population of our country, then they used to Bé --Chitia dotust volume - em Malmkov Government is sure. Not only among

the bida Mail Special::

to

July

Tin June

10 July

zine Juma

July

July

Copper June.

2.1336

Oct/Nov.

Dad./Jan.

Mar/Apr.

May/Juine

The Commodity Credit Cor poration has again reduced the prico at which it will sell corn to exporters by 1⁄2-cent

bushel, bringing it to 0% cente

a bushel over the Chicago July contract Baltimore and 10%

a Bushet over at Phila cents

Babdelphia.

B.Bin B.Bin

味

Wheat closed of 2 to 3% 5.33 cents; soybeans oft.1% to 3% 5,425 cents.--United Press. --

November

91.57-58

Spot cents per 1b, elf NY

ex-duty)

31.48 31.44

United Press.

31.38

Market: The market tone

was quiet, and steady,

MAN CHICAGO 'PRICES ·

Chicago, June 15, Prices per bushel, la cents:

Closing Prices

omcial London Foreign wheat, No. 2, red

*pricon for spot cotton”), us an-

nounced

today, including the following changes; --

Egyptian Kamaki Emylian Q2 20

48.70 Ispm.

Exchange

43.00 nom. 1990:43.00 nom. New York

10763 traded || 122arpan Astymo Hinted "Press"

LONDON SILVER drownPRICES

American midding 15/16 - 11/10 American 5.

price: of “allyer today) 30 poñce far COUNT ADOL

50.45

Montrast

Booked Hamburg

Bru

Rates

Déco

Bpbt

July 1922 (H) 19116 (2).

Bapt.

Londen, June 30,

Mar.

Corn, No. 2, yellow

Soot

New

BRABOT