1954-12-17 — Page 9

THE CHINA MAIL FRIDAY, DECEMBER 17, 1954.

TRADE and

COMMERCE SECTION

XMAS OVER THE WORLD

of our

Today one special writers · takes you on a Christmas tour of Mediterra- nean countries.

ITALY

A sombre note will be struck in the Christ- mas rejoicings of millions of Italian families this year owing to anxiety for the health of the ailing and aged Pope Pius XII.

His continuing 1-aralth Casting

14

shadow Over The

fix it on of Chae max ertebras toms, with the homely pleasure of gift-giving and rich food

VANHA CAN

countless Basileas and tiny Yehu

A 12 41

fly special prayers are being for the 78 year old

Panliff's return to health

15

For the prot I have broadenst

SCHN

114

a menge | to the work's 400,000.000. Catholes from the Rapul apart ments in the Vatienu Palure on Christmas Eve. But this year,

וני - יון

11123

may teres Laudition

to torrak with

may al o have to cancel the Christ-

Eve

ceremony at which he receives the homage of all the Cardinals present in Home and of the highest prelates of the

of government

the

centra!

('hurch.

Thuring the late evening Christmas Eve, the population of towns and villages wilt fork to Bushions. Cathedrals, and

Uny country Churches there to watch the Precision to the

BB

1איך

which depicts the scene in the stable of Bethlehem and to hear the Christmas Muss. fore leaving the church, will parse in front of the tony a prayer to Him Jarth thev have just mens alorstayer in which

” ՈՒ 1!

18 Pre to be In- membered

Crib whose com-

For children. 1 Ialyss In Clurist- many other countries, mas is a time for parties. -ome weeks beforehand,

For

for

ni other collectops, working for Charitable organations. hurve been collecting to streets and restaurants to raise money for Christmas parties tephans and the very poor.

The

for Italian great day uldron, however, is the Feasi Epiphany, on January 6, when

kind 2

which names) Befana rlides down on her

broomstick

loari

of

Santa Claus

with Juz ag velis the children of Britain and many other countries Christmas Eve

GREECE

Although Christmas

sue of the major holidays the Greeks,

the Nativity

ceniatry

pa

not

for ut

Christ is celebrated throughout ༈༙!་

by the Greek Orthodox Church,

The main Christian celebra tians here, however, take place on New Year's day.

the Feast

of St Basilios.

Christmas trees, for example,

are it not on Christmas night

NAZARETH, CHRIST'я BOYHOOD HOME, retains almost its original appearance, a very few modern buildings have been added. Here in a basin in the hills bordering the south of the a apot rich in Fiain of Endracion dwell 10,000 persons, In

tradition of both the Old and New Testaments.

which more hope of this than vision und destruction

lol for have been their

two this year. decades fading, the peasants, too, are now more confident of the future and feel that they enn spend a part of their tiny

on Christmas celebra- this saving

Lon

CYPRUS

But

ever

The first prize of the Christ- mas lottery has been increased from 90,000,000 pesetas ( £000,- to 105,000,000 (£1,000,000) 000)

and seven series ure year

printed instead of six to being

demand meet the tremendous fur tickets.

to win the 105,000,000 pesetas, you must buy all seven of the winning number As in many other countries series Christinas

(£20) each. La celebrated In at 2,000 pesetas Cyprus partly us a religious That means that you must spend 14,000 pesetas (2140) in order festival and partly as a Ume of

to be even in a position to hit fun and feasting, while in aɖdi. tion The

own the jackpol. taland has is special practices and super- stitione associated

The occasion.

with

Christmas is ushered 111 on of Cyprus with the pageantry the Greek Orthodox Midnight in candlo-1jt Mass, celebrated churches throughout the island. This long.

Impressive church service is attended.

and old alike, for no member of the family mbres Miss this great unnual feast,

011

An old superstition associated with Christmas in Cyprus,

and still respected by many Cypriot

bukley villagers, is that

nen, locally

"kallkanitsari". known a are allowed by God to visit the earth for 12 days at Yuletide.

Elderly ladies tell to their children and grandchildren

lales

tell

CITY WATCHES AMERICA

arificationOfAmerican

Attitude Towards

Japan's Entry To GATT

World Cotton

Markets

New York, Dec. 10. Cotton prices today regained a foot hold after a shaky start.

Initial losses up to 60 cents a bale were converted into small not gains at the close.

ricans

Closing around the day's top

list irvels, the

was up 2 to pects, opening prices were off 7 10 10

New points.

8 to up closed off

points. Buying credited to textile milis, exporters and commission houses reversed the trend whon an overnight accumulation of hedge, selling, originating largely from California points, had been | digusted.

SMALL SCALE Liverpool brokers were small scale sellers of the December, May and July deliveries in the curly forenoon.

Smaller

the entries under Government loan programme for the week ended Dec. 10, along

the with the diappointingly slow development of new buying in

the textile markets, were con- tributing factors.

From Our Own Correspondent

London, Dec. 16.

Public hearings have now begun in Washing- ton to clarify the United States approach towards tariff negotiations with Japan and other countries -due to start in Geneva on February-inĮ preparation for Japan's admission to full membership of GATT.

Last August the United States Government indicated its willingness within those multilateral negotiations to make certain concessions to countries which could not get from Japan full compensation for their own concessions.

World Rubber

Two stipulations were made: That concessions should be im- portant to Japan and that any compensating American conces stons should facilitate the whole series of negotiations with the Japanese Government

Informed opinion

that 18 negotiations will be successfully completed by next May.

Markets

Singapore, Dec. 16. The market opened steady on advices and speculative In the afternoon the

Jopen La anxious to Join good GATT and Is therefore likely buying.

No. 1 rubber per ib.

Chekiang Tea Production

London, Dec. 17. Cheklang Province, on

the

East coast of China, has produced more than 20,000 tons of ten this year, the Communist New China News Agency reported.

This Is 1,250 tons more than last year, or4.5 per cent above planned output,

the agency stated.

The increased tea

bro- duction in Cheklang, one of China's major tes growing arena, will give tea growers an additional Income of 20,000 million yuan (300,000), the BgCDOY estimated. — China, Mail Special.

Singapore

Market

Stock

Singapore, Dec, 17. Brokers today quoted the fol- Jowing stock prices:

British Borneo Petro

leum Syndicate Frater & Nesve,

Ordinary suc Fraper & Neave,

TODAY'S

SHARE PRICES

(Prom Our Correspondent),

Noon quotations on the Hong- kong Stock Exchange, and the morning's transactions: ALARES NUYERS BELLERS SALES

DANKS

20K Bak East Asia

INSURANCES

Union Lombar

.. 1935 1930 21930

210

002007 2000711⁄2

Underwriter 0.20

DOCKS, ETC.

K. Wharf Dock Provident (Old)

Whoclock

4

LAND, DTC.

HK Hotel HK Land Humphreys Nanty

Dec, 18 Dec. 17 Closing Opening | UTILITIES ·

33/. 33/- Tram

C. Light (N)

$2.07

$1.07

Star Ferry

Y'mati Forty

719% Cuni. pref

$0.00.

$0.00

C. Light (0)

Hongkong & Shanghai

XD ......

Bank (Colonial Re

inter)

$1,020

Bato

Ftates Hotel

$2.72

$2.72

1180 $1.00

125.23

$20.23

6/9

$3.43 $3.43

Batorer Cold

South British

Insurance Hongkong T

Aome

CTTM

Petaling Tin

Futures

to go a long way towards meet-market continued 'fine on early

ing tarif requests from other¦ London advices with countries.

sellers reserved and good quiries for all grades. Compensating concessions re-closings: As March neared the 342-quired of the United States as cent line, urgent solling abated Japan's chiet sponsor are not and prices worked irregularly expected to be large-at any higher on the trade demand. rate they should be within the

Dearless reported a sizable President's discretionary amount of selling in tarty months | thority under the Reciprocal myminst purchases of the far for-Trade Agreements Act.

by commission ward positions

The toy shops here today re- incchanical dect the growing interests of Spanish children,

"Space man"

draw outfits small

but electric response,

of trains and all kinds

BOTO- planes are highly popular.

Spain's Improved economic by the fact position la shown That Madrid's largest depart-houses. ment store is featuring a whole section of imported, latest-style German toys.

"Christmas is not what it the older used to be," grumble Spaniards as they gaze at the Christmas trees and cards and and the holly and mistletoe,

playing listen

the rudio to Silent Night, Holy Night."

But the younger generation seems to enjoy it.

MOST COUNTRIES

a decision on

January

February

Merch

83 13/16-841718. 8711/10-03 11/18

-

No. 2 rubber per lb.

January

No. 3 rubber per lb.

January

unquoted

B344-03'5

China Mall Spectat

Exchange Rates

Business was done in the focal unofficial exchangy

XD

Electrio

8314 0615

16.70

20.10 200 g 21.00

10 250 10.70

1000 10.00

19.00 6,03 4000 0.00

16,10 16.30 25,000 ₫ 20.20

07 0711⁄2 700

24.20

2.10 2.15

21.30 21.50 1200 1

147 100 103 104

100 5 21,40

500 @ 300

18.10 18.20 2500

18.10 Buu 18.20

13 19.10 1000 @ J 3814 30 200 2016

D

Telephone.. 31

INDUSTRIALS

Coment

kope

STORES, ETC.

30 30%

Dairy X Rt 24.30 24.00 Rt. 15.50 16.90

18.2018.00 Churwford T 27.30

Watron

813-816

No, 4 rubber per ib.

market morning at the following rates US dollar per 31) Sterling, notra (per £11

this

6.89

COTTONS

1975-0154

831-05 7724-7814 891-2015

Indonesian rupiah (per 100) Stam ticain (per 100) Singapore (Birafty) Indo-China

15.71 Nenyang... 10.30

27.20

MISCELLANEOUS

1.81

Articu

430 440 2000-97 4,37%1⁄21⁄2

NEW YORK

rose

to

new

Apot rubber unboled Reasoning behind that opera- by young

Most GATT countries will be Binket props.... tion, the experts said, was, that taking part in the Geneva talks. No pale crepa.. with production-marketing con- Most of them-certainly more trols to take effect next year, then the two-thirds majority re- and with the viɛtunt aksurance

Futures today closed 54 to 60 of continued 90

quired to carry per cent of purity price supports the deferred accession of a new member points higher with sales of 140

-evidently

contracts. prepared safeguard maths are expe.ied to be sen- themselves through carefully sitive to any adverse crop deve drafted protocol of accession 9 seasonal highs a speculative

All deliverles lopment and any tightening in distinct from a change in the buying and covering followed the supply situation,

agreement itself.

higher London, Singapore the NEW YORK Prices of futures closed today

markets of Eastern shipment Britain, as Lord Swinton re- as follows:

offerings. cently pointed out in the Lords, continues seek alternative In the spot market, factory proposals 10 those recently re-buying developed on a moderate Jected by Japan. But the dif-scale. Spot No. 1 Rss ficulty is

any quoted at 291⁄2 cents a pound. bilateral guarantees with the nominal. Factories paid 29% gedal principles of

of These lageymen, painting

the

vivid verbal pictures hideous, frightening forms which

these characters MAY take and producing

In their listeners much the same effect as that of ghost stories.

After

Meeting a 'kalikanisar)'.

an appearance

on

but on New Year's Eve. Pre 31. But in Cyprus they differ

ben-

35.00 31.84-45 34.93-94

34.00

PORTUGAL

Spot

March May

Enthusiastic preparations are in this intensely being made

cele- Catholic country for the bration of Christmas in tradi-

lonal manner.

July

Octobe Docernber March

34.89

34.51

34D4

May

34.90.

- NEW ORLEANS

on

2.60 excudós

to

to

reconcile

and most favourminn

were

February centa for one sheets, nation | arrival, with sellors later mov- which are cornering

to 29 cents. up

Future stones of GATT. Clearly in the closings:

of most face of the attitude other GATT

countries there 34.99-30,00 might be dangers of an ex-

clusively bilateral approach,

as follows:

Spot

33.85

March

34 BG

to

May

34,00

July

October

31.03

December

34.04

March May

39.06

302

LIVERPOOL

Hearings in Washington may help show to what extent these Closings, American middling | no likely to become real-(The 16/10 inch, in

Ib. Times Nows Service, Copyright.) pence per were as follows;-

Dec/Jan.

Mar/Apr.

May/June

July/Aug.

Oct/Nov.

33.01 32.17

3223

32.17

31.00

cattons

Official values for spot were all unchanged.-United Prem, ·

New York Sugar Market

story-telling such a

and children session, women J3

Prices of futures closed today treatment Most Fortuguese will Beck to whose imaginations have been midnight Mase, celebrated in all too well stimulated, ure scared} HAMZAN

land churches throughout the to enter a dark room for fear

Christmas Eve. Those unable to go to church will listen of the revelries of the the Mass to be broadcast by Christmas season are, however, the Portaguesc national radio reserved until New Year's Eve network. On this night, 100, Cypriot

the After Mass comes

"ro- children hang up their stock-

veillon",

consisting or supper, ings.

of chicken broth or boiled sall Father Christmas also puts in

with potatoes and red December: Cod Ash

wine of varying quality accord- house- ing to the size of the ents and congratulations,

greatly from the kindly bene hold's purse,

Ordinary red quets and family gatherings factors

they

other wine here, for example, are in

costs also take place on that day. countries, For Cypriot Father

(about 7) Christmas,

in 打

Its Greek Christinases do not Five pre-litre (nearly 1 quart),

while sigmineation Christougenna"

sents. They ask for them.

quality bottled wine may good not mean specifically the They are all poor men who be anywhere from 12 estudos single day of December 25. The beg for money while singing a (3/-) to 25 ecsudos (6/3d),. plural form Indicates

it special Christmas carol, "Father litre bottle. that includes a

of holidays Christmas Coming", with a series

great starting on

December 25 and never ending repetition to the lasting until January 8. During accompaniment of a musical in- lottery which, as last year, will these 12 days. Greeks ecle strument--usually an out-of-

give a top prize of 10,000,000 brate not merely Christmas day tune vloin.

dos (125,000) escudos

in return Some

Christmases but also New Year's day, the

for an

an outlay of 2,000 escudos Epiphany

Saints even drem up in the traditional and many

und white trimmed rod cloak

(£25)..

Spot Almost every one in Portugal however, Greck villages, many old hood. Most,

Identified merely by the song pins his hopes on the lottery,

and they sing

the receptacle Many villagers, for instance, consider for coins which they so proposes. Those who cannot afford May

any chlid born on Christ minently display. mas day 19 0 "anti-Christ" because π

does

days as well.

pagan customs continue to

observed et Christmas.

that

сhough

10

be

19

Father

AIC

As

13 usual there enthusiasm for the national

which is run for charity

Chicago Grain Prices

Wheat, No. 2, red

Chicago, Dec. 15. Prices per bushel in cento!

Closing prices

2271

Dec. 220; ii) 2243% (L)

pur

Mar.

2263-11

200%

2101%

Mar.

MAY

Brown Rye

Dec.

Mar. Oats for Dec.

Д 20-escudo (about 5/-) share Corny No. 2, yellow On New Year's Day, family the smallest that can be bought spot the in a ticket are joining to buy Deo. parties are the rule and k has boork bold

опо highlight of the scension is the enter the world

Shops are displaying beauti- July or cutting of the Christmas cake, the Holy Day reserved for the made from a rich creamy mix ful clothes which are the most sept. Saviour's own birth.

ture in which a copper coin is popular presents for On Christmas day Greck hidden. The cake is cut by the ups and a variety of toys for peasants slaughter their fattestad

male head of the household the children. There is not much. pigs. The carcass is then salted into as many places as the novelty as far as 'presents and stored In larga torrpcotta

are persons in the house, and adults are concerned,

but Mar children this year have some Boybeans,, No. 3, yellow Jars to become the roale dish then distributed.

· ποι

B Spok only for the ensuing The one festivities but also to provide enough to get the portion con-

May the family with ment during taining the coin can look, for- This is the most popular toy of the winter,

The blood of the slaughtered ward to luck and happiness the scuron wild has

motorcars, tanks, aircraft and Sept.

.

pigs will be used to rub the horns of

who

is fortunate thing now in the shape of Jan. flying saucer mads of plastic. Mar.

throughout the year..

replaced,

July

March

May

July September December Match

10.25 plastres (per 100)

500

033

Share Prices Mark

Time On

The Stock Exchange

By A Special Correspondent

After last week's boom which reached its highest point on Friday when the turnover was estimated at $3,350,000, there was a pause in the advance in prices on the Hongkong Stock Exchange on Tuesday, and there has been

29 45

21.20

20.20

20,00

28.05

BO

28,00

definite trend in the market since then.

;

LONDON

The market was firm

No. 1

Ra spot were quoted at 25% pence per lb. Prices:

Shares have, however, gener- | have doubled their market valua ally tended to keep firm. **

this year. Perhaps the highlight of the

In the rest of the

market

March

Jan./Mar.

Apr/June

2016-2016

251414 241251 24-23

242 241-23

week was the big jump In there is nothing particularly Star and Youmati Ferries outstanding apart from the co

WIN

Raw

20

No. 1 spot Ras av 2014-2014 Stars moved up $4 on the week tinued rise in rubbers,

Bettlement house terTA 1

$147. to

fay to bighest rubber prices are now up January

level of this

while year,

63-9/10 cents-UD

almost two February

matis jumped $5 to $163, which conts on the wook. Amalgam- according to brokers

anoteda lad a day yesterday all-time high. Both shares rose when almost 100,000 shares

a big Pit-21 on strong rumours that therO

the CT changed hands and

price would shortly be bonus issues

голе from $1.325 to $145, a' made by both companies:

now peak for this year, They have also doubled their market advance in Hotels which on the value this year. Trusts followed work

December

January

New York, Dec. 16. World No, 4 sugar futures

July/Sept. closed today unchanged to 1 Oct/Dec. point lower with sales of 67 General markets, clf basi posing contracts...

Domestic No. 6 suger futures. Vebruary ZANT

1 point Estalo crepe thick closed unchanged to lower with sales of 38 contracts Estate crepe thin

and hedging Liquidation brought small. decifnes In the world contract. Part of the selling

5699-2415 | 242.241 2416-24% unquoted 201

AMSTERDAM

The market was firm. Pricts was coupled with ex-closed today in guilders per pectations for a higher European kilogram, `ÇIP Jan. as follows: beet sugar crop.

No.

rubber

Domestic futures trading No. 1 rubber lacked a special feature. Future No. 1 rubber closings were:

No. 1 crepo.

Coníruct No. 4 (world)

Another bright spot was

the

11 ere showing

ise in the wake and move up from of 50 cents to $15.10. They had 81.075 to $2.175 on the week, been as high as $10 earlier in their highest price of the year, the week. The rise, of course, too.

announcement Cements look ny if have was due to the that at long last. the Holos ate reached their peaks levels has been sold and for only $11 the time being. From $40% cur- *2,40 buyers| million, at that]

lier in the week, they slipped SWIFT REACTION

yesterday to $301⁄4.

Lands continued their › pró- The market's reaction to the

gress carlier in the week but terms of the sale (announced they were weakening rights at the same time). was swift towards yesterday's blowo. They and sudden, Down went tho are now $872.

237

155 pala United Fross.

London Foreignoterday's low point of

Exchange

in

to

Banks remain sure and steady.

shares from a peale of at $1,130.

I was surprised the figure of $11 million. *I had ⠀⠀⠀ UTILITY MOVEMENTS 'expected the Hotel : company at least another

In the Utility group, Trams, million. I was told sometime which dilabed to $22 earlier, 276-11/6 ago that the company whold eased back slightly yesterday to China Lights are firm

14.03(-24.54

1110

11331⁄2-41⁄2

Spot-cents, par th, fob

781-

Contract No. C

London, Dec. 15.

28328335 | Mar. .200

May #7814 July 276

Nov,

5:43

Now York

5.48

Montreal

300-12/10-1

3.56 DAI

Spot

New York flour

100 1b. suck

130-15în

614801

Spot (cants per lb. cif NY..

"ex-duty)

unquoted Paris

Amsterdam Breat

10.00-10.8016

130.653-132.64

Stockholm

West - Marks

United Press

Other

were

Dow-Jones Closing

New

Speezing on, New Year's Day ships 25 the children's first Barley. of the cattle of the farm is also considered a good omen, choles, This "anointing on the very though mult-producod

Portuguese children put their shoes by the

day of Christ's Nativity, do not count.

to preserve cows, palver

and even goats from the evil

cys" ont illness.

"After a khömt attendance; a

NA SPAIN

kitchen one in the

eive

Axid

* prayer this. Infant-

Him Jesus asking to come down through the chimneyge during

the church service, housewives Carlemas treed, Christmas the night to put on Logron will be busy at homs baking cards and Christmas presenta, | the- prosents for which they have. they run serilopita The come brought here from other asked and which, they hoses to

will be countries are becoming more collect on Christmas morning gathering ki mare a predominant Jampura Nor are pollue on point duly on

forgotten, The This cake of variations in Epaima

Linse Attok

contain a coin witch wie ik

The Spania Christmas movile Club

40% bring fucking the coming You 1. to the Do'who finds it,

due on which will continue

LONDON WOOL TOP MARKET

Loddon, Dec. 10. fuButes market was

vie totalled only 16.

Zurich

Prose.

11.784-118 13.34-13 244 unchanged United

New York Foreign

Exchange

would got

ing out for $12 million which $214. does not soem- an unreasonable at $18.10" but they were: · 10: price in view of the prevailing cents higher, curlier this week. high land values and the fuld Electrics are also down, all huy money position in the Colony with solfors asking $384%, aries at the momentas

sales pärlier in the week, at Lair everyDairy Farms moved up ove

Not only be there a

amount of idle money; about REKKERSephones are is also

coming

but ther is mon day ! from Indonesia, Indo- the $25. markerler China and the "Fall ines work but used. And then the terminobylously slipped back again the market wan

pointed with them. The frat off, towarde) down paymené. $1,100,000 Pangera

- prospecs: ht

probably

the

Have

4.60%.