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The Guardian, Charlottetown, Mom. Jan. 21. 1963. 11

NEW YORK lAl’i—Thc stock market last week kept its 1963 record clean and accomplished a not advance for the fifth straight week (I e s plte some heavy profit-taking.

Brokers said the market had been anticipating President Kennedy's tax-cut proposal for some time and. when it came. the news provided an additional spurt to prices but nothing much in the way of new incen- tive.

i Two days after Kennedy pro- posed a 513.500.000.000 tax slash to take effect in three annual steps. the market underwent its first sharp correction of the new year. Other declines in 1963 had barely qualified as real drops.

. Steel Output

The rally was accompanied by

~ United States

N.Y. Stock Market Prices Continue Climb Fifth Week

‘news of Kennedy’s pronosal for a record 398.800.000.000 I)Il(lill‘l, including 551.000.000.000 for inl- itary spending — a pcncclme record. Some of the bulliin sen- timent was undoubtedly linked to the president‘s financial WV)- gram. but Wall Street was soon made aware by Wr‘sltingloii “(‘- ports that a legislative battle would precede enactment of my alterations in the tax structure or the budget.

‘AVERAGES ASCEND

The Dow Jones industrial av- ‘erage rose .92 to 672.52. The As- sociated Press average of 60 stocks gained .3 at 252.3. mak- jing its fifth straight weekly ad— ‘v nce.

While the gains in these av- erages were trifling. advances a ong individual stocks out- ‘numbered declines by 774 to 520 iamong the 1.495 issues traded.

Also helping sentiment on Wall Street was Soviet Premier Khrushchev's East B e r l l n

LOAD or iiouokl

iENDS IN RIVER

I“ 0 R T PROVIDENCE.

.\'.\\'.’l‘. it‘Pt—A transport trailer crrryng 100 cases of whisky. 30 cases of wine and illllt'i' cargo is sub-

merged in 20 fat of water at the bottom of the Mac- ktiizie River near this town at the western end of Great Slave Luke.

Truck driver .Iai'vis Jay- son -t‘ (irimshaw. Alta. es- caped without injury when the unit broke through ice. llc anchored the vehicle w.th a line. then walked to a nearby filling station and coffee shop.

.layson hopes that when the ice gets thicker winch trucks can he moved near to pull it out.

“ KASHMIR TALKS ADJOURN .\'E\'t' DELHI (Reutersi—Rail

Minister Sardar Swaran Singn. chief Indian delegate at talks.

with Pakistan over Kashmir.t says the meetings have "ere-i atcd better understanding not. only of the issues involved but.

PRECIPHAIION

Near - normal temperatures and heavy precipitation is 30- day outlook for the, Maritime Provinces according to the United States weather bureau.

Chinese

To BeW

out the world will celebrate the arrival of the Year of the Rab-I bit on Jan. 25. The year is ex- pected to see a marked in- crease in marriages.

. u . A - cent. the journal adds. ‘ The Chinese new year. based Chinese now feel China is a Imake him incoherent and wme‘ Steers comnosite rice on No i on the lunar calendar. dates:closed book and perhaps it is to fuddle him. ;1 heavy melting are?“ of steel}

from the birth of the Emperor3 Chi Wang Ti. it will he the year. 4.661. replacing the Year of the

nger.

According to ancient tradition. the “tiger” year is a one for marriages. More brides of that vca" an" rcoiite tq ""‘ to their mothers than in other years. But the “rabbit” year is' propitious for wedlock.

Since the Chinese revolution of i 1911. the official new year falls ; Jon. 1. in accordance with the Gregorian c ale n d a r used in Western countries.

BIGGEST HOLIDAY ;

Rut f"om ""‘ri'ir! t'i San Fran- cisco. New York and London.j correspondents report the lunar. new year is still the biggest and . most carefree holiday for the Chinese communities.

It now is known officiallv as the "spring festival." whatever the weather. For three or four days. the Home wine and dine. parade. hold family reun- ions and pay homage to their

HEAVY PRECIPITATIO

gods.

The explosion of fireworks. the noise of drums. r‘vrribals and gongs at midnight Jan. 24 her- ald the start of the holiday. For

The outlook. based on long-range predictions. is not a specific forecast and

change in weather pattern may produce major errors. Below-

Year Of

elcomed

I? come into their own as car By Reuters :nese benevolent association In order to win good fortune. St. in bué'tersl- ’ _ l 1‘ ‘ Chinese communities through- Vancouver. “The reason is that Hi‘llfl Kong. there is n symtcli- » 9'3 sais ingo output his

more than 25 per cent of the Chinese community is now Ca- nadian-born.“

Sien. top spokesman of the Chinese community. says many

just as well. Now that we have.

the vote. we shall devote our political interests to Canada." NO LION I) N ES

There will be no lion dances or firework exhibitions on Van- couver's colorful Ponder Street

iis year. But farther south. in San Francisco. the Chinese com- munity of 37.000. largest on

America‘s Pacific Coast.

N will hold the traditional parade‘

along Grant Avenue.

For all the Chinese. the new year means a fres start. In Hong Kong. housewives scrub their houses. buy new clothes and get fresh hairdos. Their hus- bands try to clear up all debts and also buy new clothes.

The Chinese new year is pri-

marily a time for the children.5

Toys and other gifts are ex- changed and there are plenty of candies In all homes.

There also is a lot of noise— made by fireworks. drums and other instruments to frighten off "evil spirits."

The lunar years are named after a series of 12 animals: the ox. tiger. rabbit dragon snake horse. sheep. monkey. hen. dog. pig and rat. Each year has its

N PREDICTED

VANCOUVER 6.9 . . ' EDMONTON 6'9 . speech. regarded as dimming 3190 of aPDFOHChf-‘S and the way!l 0‘ I theprospects for any big inter. they had to be tackled." His an- .' 0' S g inational crisis which might up- nouncemeht came at the end 0ft 5- t the stock market. four-day talks here. A commu- -5 CLEVELAND (AP) _ Janu.._ Booming news from the auto nique issued Saturday said ne- _-'3.l .ar'v is shaping up as the steel :industry and prospects that for gotiations would be resumed till 05 Industry's best month for ship. the first time in more than to Karachi early next month.

jments since May, Stee] maga. ‘years Detroit would put two out- lzjne reports. istanding auto years back-to- < The metalworking w eekly back. hEIDed the market. 'iadds that producers look for a sharp upturn in order entry CRRYSLER FAVORED . within two weeks. .Clghelerecipt db‘gt {zplnl‘ncé H , . ys r. ac ieve is I"l(‘S . The r o i - - - -. ‘ {minuteyinIlutct Idgtgigiegg fgr 1:: ‘pnce‘ Somce 11906.80“? 1* before . . .i‘u-nnin arc“ of oroi - i""“l" . ems: .i‘ismiors.t°.i€ {cause of seasonal factors and a ‘ - ' - . . ‘. . The five most active issues on iaccelerated inventory building Ithe New York Stock Exchange tere

REPLACE X-RAYS Radioisotopes are being sub-‘ stituted for x-ray machines in. liotographlng structural mater-.i als.

tors. up 7; at (30’s.

The most active issues on the American S t o c k Exchange were: '- Seaboard World Airlines. up u at 0: Eureka. off 1-16 at 3-16: l Cinerama. up 5i: a 1%: and" Reinsurance Investment. up to

lbytigsers who fearla strike later v. i n ‘ e year." Stee says. ‘ - . 3' The publication attributes ne- izoﬁmgalcgg-I- 513: 21:51.0? lcﬁwast ieligzb‘ie inventorv building 50.19.. unchan'ned at 803 owl”; ‘ far to users being in no hurry 111th up If; at “Hf Gina“; to commit themselves. but notes up 23; at 313;. and G'Q'mral “9'

- they are making plans. ; '———i— l . “Automakers in Detroit are‘ H being watched because their in- i

E’.

The week's volume was 23.- 805560 shares compared with

ventory building is sure to ‘

-" tighten the market." Steel says. i

normal temperatures and light iREPORTS BUYING PLAN . prec1pitatimi is predicted for “One of the Big Three was

much of the Canada.

remainder of reportedly to plan to order 30, fper cent extra steel for March ‘ ‘delivery and 25 per cent extra r ifor delivery in the following

. [three months." . l Capital outlays by the auto-' 3 I mobile industry may accelerate i this year. the magazine says: croacity will be needed by the‘ auto industry no later than 1963. 1 Ja n z 5 lthe long-awaited year when ba- . . ibies born in the 19405 start tol

The reason ore production1

CONTEST

cal scrviii of food and drink [to “""i‘ l5 expected to Exceed the we uknchgen god." Many Hang 0.933.000 tons the magazine esti- I Kong Chinese place sweet things males the Indu§try PouFed 135t ‘s on the table to make their deity WEEK .The estimated industry 1 “sweeter.” glutinous rice “peratmg Tale ‘5 about 62-5 Per

TO ANY BOY 0R GIRL IN P.E.I.

You do not have to be at. Evening Patriot carrier to enter this contest_ Your cus- tomer will be turned over to a regular carrier but you will get credit for the sale.

Singapore's 1.000.000 Chinese have been busy stocking up i ioz‘d. houseclcaiiiz'ig at: ' satin:- ing their homes It prepare ion . I for the new year.

Chinese business firms give . I bonuses to mark the new year. supported the idea that Western 3 Most of the money is spent on troops should be driven out oft; the ce1ebration5_ West Berlin. And he said Peking

The smaller Chinese commu- Supports peaceful co-existence‘ nities hold lcss boisterous celc- and always has. i brations. In )lelb‘urnc. Anstra- But Khrushchev has not been Ila. there will be fireworks. doing anything about that Ger- Biiddiiist worship and the offer man peace treaty. despite mg of mast pig in the gods. threats forthe last four years. After the pig has been offered The Chinese definition of. 1.. in: who“. gel-v.39. n == di— peaceful coexistence differsi -vided among the worshippers.

‘ from Khrushchev’s. Peking dis-l RESTAURANT AFFAIR

making scrap advanced 67 cents ‘ to $27 a gross ton last week‘ 'bccause of a rise of $2 a ton in

plays fear that the Kremlin's i In parts. the 3,030 thong Chi. brand means coexistence of two ; 7000 other conflicting ideologies. deals with i

inese colony and w _ n ' Southeast Asians plan big cclc- imperialism.‘ backing awayi‘ ibrations in Chinese restaurants. from FEVOIutionai‘y Situations i

South Africa‘s 6.000 Chinese which look dangerous. i cc"centrale on family Taillf‘T- Again and again. Wu stressed1 ings for prayers and feasting. .the notion 01' equality. Red China For many of them. this means livants to be friends With the So- travelling thousands of miles. tVK’t Union. but on the basis of Many of the children are no {eatialitY-

23,800.15?! the preceding week. C

ilonger Buddhists. But they _still iobserve the ancient traditions. Iincluding the burning of incense iand eating lien kao. the time lhonored rice dish of the season.

' ' i ‘ ' ' 2000 Chinese

ii 070, 000 h _ in the“- own special significance. for. In Britain. some . _

hh%ei,an%m tho (3.3,?ng food good or for evil. trestaura‘nts \vill hold spectal ' FOOD FOR :cclcbration parties. The Chinese

situation will mean more delica- cies such as meat dumplings. glutinous rice balls. spiced vege- tables and fruit lollipops.

All over Peking. people have been sprucing up their homes and tidying the streets. Red lan- terns with golden tassels. crim-

, on ceremonial arches and scar- ct scrolls nf greetings adorn of- ficial buildings. nlike the organized celebra- tions. the spring festival is an informal time for eating. drink- ing, visiting relatives and gener- ally relaxing. Special trains and buses bring millions of families tOzether for the occasion.

Peking authorities are keen- ing a close watch to see that People from the countryside re- turn to the farms instead of stBiting in the city after the fes- tival. The checkup is not too dif-

05 It is important for the Chi-tCommunist Embassy in London nese to appease their gods in lwill be closed Jan. 25.

Division Oi Red World into '2 Camps Possible

By WILLIAM L. RYAN ' It was like some sortLof dfar- BERLIN tAPi—The Kremlinout musical comedy. ea ing has been detiect hi Pilbhc. and irepresentatives of the Commu- this Red Chinese challenge may intst movement went through mark the va‘nhlg Of 3 newgrotesque oratorlcal contortions. chapter in world communism's fAii claimed to support the some ' . things. but there was vicious in- The movement is likely to be fighting as to the definition of weakened as a result of whatithose things.

5 m p. O

ficult because ration cards are valid only in certain areas. HALF MISERY

While the new year may be a more promising year for mar-

took place in East Berlin last week. Perhaps the_world is see- ing the beginning of a division I the Communist world Into

this battle of semantics. there is a weighty qucstion for Moscow. Can the communist movement afford to have its oin- inacle of authority publicly held

To the Chinese, Khrushchev has violated the terms of Mos- cow declarations of 1957 and 1960. first by denying that equal- ' and second by patching things up with the "revisionists of the Yugoslav Communist cli- que," of which the Chinese now consider Khrushchev a leading

member.

{LOUD DENIALS 5 By Khrushchev‘s denials and ibis defensive statements. one ;can gather just what the Chi- ,nese are accusing him of doing. . Khrushchev says he has not i shelved the Issue of the German .peace treaty. He says he is not recognizing the ~ta ' it i

“C 7 5

Berlin. He sa 5 true the Communist wall has changed but this

matters in Berlin. ishould not be taken to mean that interests in forcing a solu- tion favorable to communism i have been overlooked.

} Khrushchev denies he backed idown before President Ken- ;nedy’s firmness In the Cuban crisis.

By implication. Wu in his speech asked Khrushchev to ‘step up like a man and admit .he was wrong all along—some-l ithing Khrushchev iii not likely;

to do. "It will be helpful in resolving ]

I TO THE CIRCULATION MANAGER, THE PATRIOT CHARLOTTETOWN.

P. E. I.

Carl 0. )loocrs 33. Frederic-

ynthia Collins, l2. died in hos- ing caught fire Nov. 29 at her :iwav

I agree to subscribe to The Evening Patriot for a period of 13 weeks It

And bill me $2.50 by return An

i By Mail ( )

Data

By Carrier ( )

Name

Address

Subscriber‘s Signature

. . . . . . . . . . . . . . ..............................-..............ao-.-i

ask boy to collect 30c weekly

l I have not been a regular subscriber for the past 30 days.

Na. MAN is YPC PRESIDENT

the Young Progressive Consen-

NOW YOU CAN WIN

gos supporters

applause of

. , _. \ﬁllVPs Association at Ottaw'

ton businessman ackn[.\\.lod_ after being elected piesidciit of Samrday ‘CP Wimphow‘; FIRﬁICTIM DEBS pitai licre late Wednesday from home ll(‘i’(‘. Her parents. Mr. ST. JOHN'S Vfld. ICPt —— burns suffered when “r” and Mrs. Graham Collins. were

at the time.

_———————”‘+—7

‘BIG ill’ HOCKEY STICK

Personally Autographed by the Famous N.H.L. Star

FRANK MIIHOVLICH

Hey Kids . . . here's a chance of-a-Iife-time to own a top quality professional hockey stick signed by one. I of the great stars of the game today. Here's what to til 0 . . l

- til

i i

it i

Sell Two New—I3 Week Subscriptions to

.Tﬁefvening Patriot

(DAILY PLUS WEEKEND MAGAZINE) Either by Carrier or Mail Delivery

Why not start with Mom and Dad. then see your relatives and friends ask them to subscribe to The Evening Patriot for a period of 13 weeks by signing the coupons on the left. Then send hem or bring them in to the (‘irculation Manager. The Evening Patriot. Charlottetown. Please allow ti to R days for your hockey stick to arrive_ Remember , you do not have to collect any money

pages. the same is not true for two camps‘ l M t ke b ,. mack"! problems for the comrades w o , :liﬁ‘exlents. The Chinese Farm- 8.11:1"; £§f‘gﬂ?ﬁntvgslgbe a“. lupAIOK:::?in v.3“; no 1mg". ifirst attacked. fraternal pgréiesl semi” N‘m" ‘ ' ' ' ‘ ' ‘ ‘ ' """""""" """"" ' ' ' ‘ ' ' ‘ ' ‘ ’ " mmac' an “nOffYCial com. IOTV renfatlng The move‘ ‘08“ terrify IIS Ideological TOPS ltonlaskeM_tEh§nglt;:(t.lve' sax u’ ‘ _ — _ _ — — _ _ _ — — —

on of predictions. says ‘ into quiet submission stands to]T I

ha I .. , ment divided once before. in a bepghz‘irbiznég yrf‘ﬁer‘yll titanic clash of opinion between It forecasts drought. cm“ ML Stalin.and Leon Trotsky. The urea and u". mmd n,- disoase Kremlin won that one. if among men and beasts. But the Kremlin is for d"-

Many of the old traditions are ferent today from when Sta n

. . , ho i

mm“. "NW. "1,. “m.” from; That means Khrushchey. w { loss Of discinnne, particular“, in .assalled Albania—Peking s ally i an.“ m... min Ammo. Adm—in the October 1961 Soviet! I

TO THE CIRCULATION MANAGER. THE PATRIOT KEY STICKS.

' ' . ..'ble for Communist °°ngr953- CHARLOTTETOWN. P. F. l. is: 3:3?Inlfdrff'xygrmnn‘ The performances of Wu and . '

Khrushchev at Berlin strongly

‘ 1 I . _ ._ M f r am, art m . I agree to subscribe. to The Evening Patriot for a period of 13 weeks. (plying In. .the overseas Chinese im:;";$dm§?somgngg 331$; . isolgso?o;:¢llﬂean Oally will be? on ’ Suggest the split between Mos- And bill me $2.50 by return And ask boy to collect 30c wcckly l oi ' in iii “1“."2i"li£l““i"i«‘l°i‘lf iv i i i » - i i community (if 12.33012: lgot away withhithbegjaiésg Re IL“: f The' ililtleltsilv ofﬂihgughhat‘tli: .nn “:1” -Mgwpental:‘ﬂ' from “1;! . I have not been a regular subscriber for the past 30 days. P preference for'Scotch whiskv in" mm" W" .e ' " u or“ ! way - .. 0 Chinese side—~only the repeated l D g . ‘ . . ihment in 1940 was one double talk. 0n the snriac. no ..................................... ...... .. . ,

knit/Md 0' H" M” to was" nggiiiiiscation from the family 'appeared both sides were ask-Isuggem‘m "‘3' Khru’hci‘e" “l pk“, Pm“ I CONT.“ OPOI‘I to Ally Boy Ol’ GII’I In PTIHC. WWI: {he fat obey. a Chinese or communists. In... m. a Mme "m M”, were |the one who must repen . ‘ Nu“. it“- a e stew mixed WM ’9“. ready to talk it over. that basi- Edward ISIﬂﬂd.

d- PUBLIC DEFIANCE t r n th ‘ r Address . -. ._

The Practice of burmng in- The "500 delegates and guests "ll-v mm Stood or “at y e “0‘ AL SECURITIES

cents to “rem,” and of my, ‘fmm countries at the East 59"" mm“ CMPMHIIM Lithle ‘ lubscrther'ﬂ Signature I For the period of this contest. a new subscriber to I person who "3 all debts by midnight on German party congress last ESUPPORTS TREATY , Investment Securities gene“ Name has not taken The Evening Patriot by mail or carrier for the last 'lin 24 is no longer observed in l week saw the Red Chinese prac‘ ‘ The Chinese delegate. Wu i ALEX 0!. WILSON “ "' 30 dBYS. All subscriptions Will he f‘onllrmed by The Patriot office I 08‘ hum... CIT no”. .t Hsiu-chunn. he supported — _ — — — - — — — — _ J before you receive your hOCkey “mk'

.. ttcaily um Manager V The old customs are gradu- Khrushchev and demand that he the need for a peace treaty with m Grafton St. Mal 4-053! "-" hiding." says Foon Sien. ‘admit he had been in the wrong i East and West Germany to wind

“time President of the cm- iln his argument with them. In» the Second World W-r- H0

Charlottetown ‘