WASH
ALIF.
46
IDAHO
UTAH
COLD.
M
[AP Newslette
כבא
"
JOVA
LINCOLN
WASHINGTON Cky..
American
Cities
Are Named After
THE CHINA MAIL, WEDNESDAY, FEBRUARY 10, 1954.
Lincoln & Washington
By WARREN BENNETT, AP Newsfeatures Writer This is the month of George Washington and Abraham Lincoln, who are often ranked first and second on lists of great Americans.
meant to him, replied: One young schoolboy, asked what this "Two days off in what already is the year's shortest month." But citizens of today, even juvenile ones, owe far more to their memory than this.
Actually, Washington and Lincoln are not relegated to the dead past. Americans, more than any other people, perpetuate their heroes and great public figures by pinning their names on cities, towns, villages, bridges, tunnels, lakes, rivers, colleges, libraries and other private and public buildings. Washington's portrait is on the one dollar bill and Lin- coln's on the five spot.
of
Because of thus nallonia! characteristic, the thanes Washington And Lincol are alive today-a growing part of the greatest nation in the world to which they contributed so much.
Washington,
D. C., is the
ช
The total would soar to almost country and quite naturally wes it considered much more of a hero astronomical proportions if were possible to tabulate all the in the North than in the South. avenues,
boulevards, Despite streeta,
these
ilme and highways, drives, roads, terraces
handicaps, 22 geographical and throughways named for the the 48 states have cities, towns Father of His Country. There and hamlets named in his honour, was even a ditty dedicated yours Counties in 24 siates are named nation's capital. It is also the agn 10
baseball club: for
Creat the
Emancipator. name of a great Pacific coastal "Washington, first in wae, first Three universities and one junior state, 31 counties, and 24 cities, in peace, and last in the Ameri- college bear his name,
No less towns and
cau League. than
pine colleges and universi-
benr
born 77 yeura ties proudly
Lincein was the name Washington in their titles. So afler Washington when much do countless figh schools and
of the country had been elementary schools,
built
and libraries, settled.
up
named. parks, bridges, mountains, capes. He saved the Union in a biter islands.
that divided
villages.
more
civil
wor
tha
Coffee And Cars
Cities named for these two great lenders are shown on the no matter how detailed. could accompanying mop. But no map.
show all the ways they have left their impress on Many people, unaware of the
drink
certain connotation,
the country.
П
Nigeria's Rubber Industry after 50 years brand of coffee or drive a sleek.
Sir Walter & Mr Cowan
Began A £41m. Industry
Fifty years ago, only a few rubber trees grew in Nigeria. They sprang up wild, isolated or in clusters. By 1952, the territory's annual rubber exports were worth £41,000,000. This year marks two trade anniversaries.
?
expensive car bearing the name of these presidents.
Though widely separated in lime and circumstance, Washing- ton and Lincoln bad many
characteristics in comINOR. Both were physical giants, tall, strong, Both liked to wrestle, athletic. Both were surveyors in their youth.
But Washington and Lincoln came from opposite ends of the Washington was social sphere. rich, Lincoln desperately poor.
The father of his country came from a distinguished Une: his great, grest grandfather wAB rector of Purleigh, England, and a proctor of Oxford University. Lincoin's father was uneducated. Washington achieved fame as United Africa, kind in the country, Ita fime-a Foldier before hc became
is half tion was to convert to crepe president and a statesman. Company, celebrates centenary. And so does Nigeria's rubber the scrap grades, bark, was Lincoln's statesmanship that rubber industry.
named | atedī machinery was erected. A rubber plantation Sapele Rubber Estate, oper-Part of the plant was a crepe ated by Pamol Limited, a sub- battery, the first machine of its sidiary of The
nearing
an-
TRADE
d COMMERCE SECTION
Analysis of Lloyd's latest figures:
Foreign Shipyards Less
Active
RATE OF NEW TONNAGE
FALLING
London, Feb. 9.
Analysis of Lloyd's Register of Shipbuilding Returns for the fourth quarter of 1953, recently issued here, shows that tonnage completed and launched by British shipyards changed only slightly in 1958, compared with the previous year, while the total of vessels commenced increased slightly, probably due to better steel supplies.
Tonnage launched and completed by foreign yards in 1953 shows a substantial increase com- pared with 1952, but the rate of increase of tonnage commenced is much less and indicates that the foreign yards have passed the peak of activity and that their order books are shrinking also.
UK yards completed a quarter of the world tonnage compared with 30 per cent in 1952 and over 50 per cent in the immediate post-war period, before there had been any revival of shipbuilding in foreign yards.
The relevant figures in 1,000's of gross tous are:--
BRITAIN
Commenced Launched Completed
Under construction
12 months ended
Dec. 2053
Dec, 1052
% af World total 1953
1932
1,270
1.185
25%
1.317
1,301
26%
259
30%
1,250
1,204 45%
30%
st December 31
2.174
2,148 35%
35%
OTHER COUNTRIES
Commenced
3,831
8,045 75%
75%
Launched
3,759
3,090 14%
70%
Completed
3.887
2,947 75%
70%
Under
construction
a1 December 31..
4,121
3,072 05%
05%
The total of orders booked by UK yards in 1953 was 189 ships of 520,000 gt, compared with new orders in 1052 of 244 ships of 1,200,000 gt and in 1951 of 709 ships of 4,150,000 gt. Total order book figures for the dates stated are as follows:-
UK Order Book at June, 1952 1,135, ships 7 million gt (peak)
1953 925
million St " Déc 1953 850*
gt
"
J
can-
5
In 1953 over 200,000 gt of during which time orders have orders placed in earlier years amounted to 14% million gt with British yard: were
Publication of these celled compared with
returns total,
controversy ships cths aroused much 108 cancellations of
A pessimistic view whole hero,
taken in some shipping since 1945,
quar- ters, who draw attention to the fact that completions during
over 500,000 g in the nice, years' partoz
New York Cotton 1953 in the UK, fell, both
Market
in absolute
Agures and as a
рег centage of the work total, while with
foreign increased competition, now orders declined The sharply. At
time, cancellations came in at a rate more than eight mes higher than in the period 1945/52.
same
Furthermore, new concello- tions were reported to be under the negotiation at the turn of
the industry Wan year, while involved in a wages dispute.
However, other sections of
New York, Feb. 9. Cotton market selivity today showed a marked slow-down.
Traders thought the volume lightest probably would be the for any session in a month. fluctuated within Prices narrow Tange, developing a steadler tone toward the close after easing 45 cents a bale in the
transactions. opening Closing on a rally, the list the industry point out that boom to 13 points higher conditions have prevailed since and up
as 10 points the war and until 1952. Os much from the carly lows. New mand for ships was exceptional- Orleans closed up to 14 points. y heavy during this period and
Trading volumes in the Ex-
the UK was able to
take
good change today were:
advantage of this demand. The Volume Marith
end of these conditions was postponed by the outbreak of the Korean war which Inten- slfled shipping needs and drove up freight rates.
nct
424.300 040,700
Interest
March
32,800
100
May
42.000
July
17,300
Oct.
6.500
578,200
Deo.
0,600
179.200
Mar.
5,300
100.800
It
May
1300
49,600
July
600
.74400
Tetal
114,100 £353200
elevated him to the presidency. In the long bitter war that followed, historians and military de- now say Lincoln monstrated the soundness of his
cup and lump.
Now n
new mill, The Industry started as the brain child of two men, both completion, has a planned
confident farseeing and
of four million experta that nual capacity rubber would flourish in the Niger Delta.
pounds of rubber, large enough | mons
ecncepts of military strategy. The to handle both the Sapele pro- claim has even been made that, duction and that from Jameson They were Sir Walter Eger- River Rubber Estote, a Famel with the exception of Ulysses S. Grunt, Lincoln Was the best ton, later High Commissioner plantation further up-river.
general the North had. The of Southern Rhodrala, and Mr
present
Sapele Estate re- A.A. Cowan, a director of a planted with new Stock 1947- Sir 48, is in character far removed leading trading house. Walter had spent many years from the original, But its post-place
Urilted Press.
CHICAGO GRAIN
PRICES
Chicago, Feb, 0. Prices per bushet in cents:
Comms Prices Whost, No. 2, red
LITTLE CHANGE
Elastic Fibres?
Now York, Feb. 1. Associated Splfusers, Inc.. a U.9. firm which produces synthetic and En wool yarns, in studying the pos- sibility of elamicising 'Dao-
Orton, Densi and Winer Bbres by means of its akave kakekeras
process, so- Dording to
to Mr Ralph Tarer, Treasurer of the firm.
Research exploring this possibility had been under- Saken at the firm's develop- mest laboratories Gastonia,
Carolina,
Mr Lager sisted.
entirely
at
feasible that as new techniques are
elasticising uncovered
of
yar may even be extend ed to the natural fibres, moh an cotton and wool,* he added. — China Músi Special.
NEW YORK
STOCK
MARKET
UTVALETANKA AULEY ANakazatot
Hongkong Shares Suffer
A Slight Setback
By A Special Correspondent
The Vietminh, rebels' relentless advance, on Luang Prabang in the war in Indo-China caused a slight hesitancy in trading on the Hongkong Stock Exchange yesterday but there were only frac- tional losses,
It was a good opportunity, too, for a bout of profit-taking after the all-round gains of the last few days, but brokers seem confident the steadying influence is only a temporary con dition.
One effect of the recent advance in share prices is that low-yielding issues, particularly Hongkong and Shanghai Bank, haye come into prominence and have featured in recent rises.
This, brokers belleve, accounts į Some brokers belioys therefare for the Bank share's present that once Japanese trade with price of about $1605 which is the Colonies gets into full swing, around its bighost level for more there will be a marked flocken- than three years. Some i-ing in demand for shares at the vestors believe there is a bonus Chinese business community Bnds sue or increased dividend in new and more profitable avenues the offing but there seems to be so for investment. foundation for these suggestions
at all. Brokers point out that Hongkong Bank is yielding just slightly less than five pie, at present around six to six and a
whereas
utililles
pre
hall
p.c. Investors Looking for New York, Feb. 9.
safe issues in which to sink their A late rally in industrials idle money apparently regard the which lifted prices around a difference in yields as Insigni- point in a few issues ficant and are inclined towards climaxed a routine session the sound, reliable "can't-go- on the stock exchange today. Demand for Chrysler Corp. lifted that stock more than
lows
small
Today's Share
Prices
(From Our Correspondent),
wrong" share.
Business on the Hongkong Stock Exchange this morning The cutstanding section of amounted to $510,052. Noon the market is still ütülilies. There quotations and the morning's
"highs" transactions:- have been many new
but there could recently
CON SILARES BUYEN(8 SELLERS SALES ceivably be a long pause in this section before there is further GOVT. LOANS
because yielda have headway
39 (1948), PIS declined by three and four per BANKS cent in the last six months.
point and touched off the rise in industrials,
Rails
moved up from their but most Onished with net losses.
Utilities, too. were slightly lower.
Through much of the session trading Interest was limited, In the Industrials, Cements at except for continued heavy $211⁄2 are the best since 1950 demand in RKO Pictures which and in the Slores, Dairy Farma accounted for 110,500 shares of at $28.40 are at their highest SHIPPING the dey's
·RKO, whichare total. for about three years.
(c-
yesterday
shan 20 per-
counted for more than
181
10 1070
HK Book ... 1605 1670 15 4 1800 East Ants Lombard Union Underwriters
"Asta Nav
123 50
8521 800 10 sas
2020,100 20
1.115 120
Where ... 70
Dock
2007036 211 500 Provident (0) 13,40 13.70, 400 ve 1816 “Provident (N)
250 o 12.80 9.8.29 1300 8.10
are reports that Dairy n #derp Waterboat cent of total volume of 2,180,000 is around about the same DOCKS, ETC.
level as last year's ond that shares, opened on a 15,000-share Cement's profit might be better block at
$54. up closed at than last year's which might $5%. It spurted 2% points,
for account
thoir present CASH OFFER
atrength. But again, it is doubt- Yesterday the board chairmantul whether the shares will climb Mr Howard Hughes made a cash appreciably higher in the future. effer for the Corporation amount. There is unother share worthy ing to $0 athare,
of mention
ני
Hongkong Land Measures by the Dow-Jones which has been fairly steady in Averages,
the
general market the last couple of months, Anti- whi off 12 cents with ex-ing a level around $76-772. dividends in the industrials and This company needs new money components exaggerating for the Chung Tin building and the decline.
It is quite on the cords that Of 1,169 issues traded. 410 there will be a new issue to were higher; 378 lower, 348 un finance it: changed.
BRIGHTER
rall
The
Wheelock
LAND ETC.
HK Hotel
HK Lan
S'ha Land
Realty
UTILITIES
Tram
Star Ferry.
78 200 7735 1.40
2.20 2.2211⁄2 #000 4. 2,25
6000 03.201
2000 4.1.20
29,70
142
S. Light (0) 1831⁄2 15.00 1500 1514 S. (N) 3211⁄2 12.00 2000 Electric
Macao Elec 10.00 Telephone
INDUSTRIALS
Cement
Metal Indus
tries
Oils were a strong spot, with
PROSPECT. goins ranging to 6% points in
Pacific Texas
Land
other sections of the Trust. Steels eased, with Bethlehem market appear to be completely down 34. US Steel -
featurelers with bonds very STORES, ETC.
Dairy Farm The NY Stock Exchange bond quiet.
Watso volume was $5,180,000.
Now i want to mention a The American
Stock volume was 450,000 Hongkong, not in the immediate Phares.
Tuture, but certainly within the Dow Jones closing averages next few months. were:
De-change
During 1953, most of Britain's main competitors completed the
reconstruction of their shipyards
30 industrials 20 rails 25 utiles
#tocks
40 bonda
34 2200
400
.
30 1800 80
21.30 400 @ 21,50
2.20 2,30 100 @ 2,30
28.10
21.40
Ex-brighter prospect in store for COTTONS
Textile Corp. 7.05
203,70
This to be found In the 102.63 Anglo-Japanese Payments Agree-
64.41 ment. In its usual contrary
131.94
99.79 way, though, the market wil 171.06 United Press..
Comm. future price index
Singapore Rubber
Market
60g at
first
the In-
probag of the horizon.
vestors
will recall
violent reaction
when
the Arst
of Lancashire
the terms
of the
Rt.. ++
| MISCELLANEOUS
Yangiste
Yaumati
000 @ 2115
2000 g. 7.03
6.40 63% 6000 » '0:65. 1 14, cao 11 100 + 140
London Metal Prices
new Tia
spot
ogreement were announced. But
on
3-month the London Stock Exchange the textile
Copper section
actually
Spot showed an improvement last
month after the initial | Lead because,
it was realised in many February
April Japanese zing
February April
and this coincided with a return
the
Spot
21451
Biar.
2141
Other things the accompany- Ing map doesn't show are all the
asscclatci names
May
July
Bept,
2151 2101- 273
#
with
Nov
21014
Corn, No. 2, yellow
Spot
Mar.
to have a deep recession, there 15911
will be little marked change in 16331 1-4 demand either way.
outlook and believe that, until No. 1 rubber per ju. Feb. 044-54 Mar. 49-651p there is
indication clear
Apr. 8516-5615 whether or not the US is going | No. 3 rubber per ib.
5412-544% rubber per 1.
taly
Feb Nob, rubber per it.
to a world buyers' market for The rubber shipping. The sources say that slendier on factory buying sup
orters this return to normal conditions port. Afternoon prices, how- was mainly due to the general ever, cased but again stendied prices extremely high at the were Future moment, their exporter close, decline in freight rates and the towards
not
to make such a clean roing uncertainiles of the world trade closings:-
sweep of the, colonial, markets after all and that Lancashire might yet survive,
Singapore, Feb. §.
market
WOA
That with
.63%-63 0115-02
Sept.
Nov.
New York" "Hour, 200 nás.
*ck
$13.9 United Press.
in the Far East and, with his ton 16 the industry remains un Washington and Lincoln. experienced eye, could spot changed. It is a proof of the Nigeria's rubber-growing
Do-co-operation between European Antarctica And · Fiji
tential. Mr Cowan was equally | and African enterprise,
enthusiastic. "Had I some land,
I would begin", he said.
1904.
Free Help
•
New York Foreign Morizage
Exchange
Canada
Hone
London, Feb. 9.
Buyer
soller
8244 0132
All prices in medling per long ton. -United Pran
NEW YORK FUTURES
New York. Feb, D.
11.75:
11.76b
$1.000
ebruary
March
:{%=b¢ß‚° V»truded);
All priesa in US-cents Der Ib. United Press.
Load
February March Actually the Anglo-Japanese Agreement had little or no effect Ti
February market but on the Hongkong
March once Japanese trade with the zimo 541-54% colonies begins-and Some encouragement is drawn Spot rubber unbaled
February -United Press,
that in
March from the fact that the new loan
cludes trade with Africa, Mulaya NEW YORK MARKET
Copper terms authorised by the Chan-
and the two southern Dominions, New York, Feb. 8. cellor of the Exchequer, and the
and Australia-d Rubber futures today closed New Zooland enlarged
of the Shiu activities
15 points higher with sales of large portion of Japanóse goods Finance
Is expected to pass through Company four contracts. should give British shipbuilders
Steadier
followed the Hongkong for re-export. competitive advantage, trend at London, but new buals. Furthermore, after the
NEW AVENUES forth-nosa in spots and futures res 2017/22 coming budget, shipowners in mained at a low ebb.p
This will benefit iccal pur- Spot No. 1: Rs were quoted chasing power for a start. 1 Dritain may be more disposed
New York, Fob. to order new tonnagė.
at 20 nominatly
reported that Japan has many World No. 4 sugar futures tód plund: future closings were:
20.23 goods to send to Hongkong for day closed 1 to 3 points lower
with sales of 168 contrrieta, Ca March May
processing and anishing" which Dornemile No. 5 sugue: futuren 20.00b July
29.000 should do something to bolster Sept.
position in the Colony, One businessin told me yg lower with sales of $16 contracts,
Future closings:— terday!
Contract No.
New York, Feb. 9.
2.00-3.07 2.411 90-day GUYA......
unchanged.-United
There
for bre,
instance, Washingtonvilles in Ohio, Pa In the pioneering spirit of the times, they set off together for
From the beginning cuttings and N. Y.; Washington Copes in and the the place they had in mind, in and seed were liberally distri-Fiji Islands, a Washington Gulf
Antarctica, Greenland what i now known as the buted to local planters to en- Jékri-Sobo Division of Warr! courago African enterprise and
in Koren, Washington Islands in Wisconsin
end in the Pacifio Province. There they selected get the industry underway.
Ocean. two areas for the first rubber-
Free technical help was givenİ, planting
experiments and too. The form of this aid has
Thore is a Part Washington, England-unemelal.... prepared the ground for the greatly expanded since the days N. Y. Washington Courthouse, Switzerland Sapele Estate, The your was of the first African producers, Ohio, Washingtonboro, Pa.: Otherw were
James Thomas and IT. Palmer. Washington Crossing, PA. Prem
Now six trainees
of the
Grove, Md Washington.`·
LONDON Western Region Production Development
Washington's Birthplace, Vo Board
"at- aro
and Washington Terrace, Utah lo Difficulties and hardships of tached to the Sapelo Estafe all kinds had to be overcame rudy rubber technology, top There are Lincoln Junctions in before the whom proved and grafting. The knowledge Lincoln Parks in Chicago, Ban
prokemirim, nursery work Michigan and New Zealand, Hamburg successful. By 1914, concess- and - ions covering 1,000 dores had they gain will carry Back
to Francisco, New Jersey, and been added from local chiots help the Board in its ble new Pennsylvania, a Lincoln Benginap and went being developed. schema to step up Nigeria's was keported stock of seed rubber output.
The
Hardships
free, the Far East. And this helping hand by the
Improved, how stains wero
Greenland and isotintoma lat:
North Carolina: and Goorgia.
Also Lincoln
and, a method and technique estate is notoria areat Lincoln Beach, One Lincoln
(resultsig in onlahte Zielona Company Tale que je content by
New York
Montreal Amsterdam blocked mark
Paris Stokholm Zurich.
Feb. 9.
281 8/16 -3.73 11/10
Rater
some
In Parliament, tax reliefs for the shipbuilding industry have again, been urged, Member#:ON, bolli aldow of the House have. appealed to the Government to needs consider the Industry's more, closely: But the Govern- ment spokesman, replying to.
had nothing to
on-taxation,PA
The P&O Steam Navigation Company have announced, that
Dea..
March
A
20.000.-
-Unite Prosi.. LONDON MARKET Menant Londors,
The rubber market was ate
· the labour
For the wreement is going to do 4 lot for the Colony: 'Shipping,"
with No. 1 spot Tak quoted af osciurers will feed the begent 1012, penta per lo Pelorett
NON
Now It seems
taken for
arranted; in market circles, that
1) trade ever: docs, remme win
Chind
on Enything like
which has been put into charm during, recent inonths whifb withdrawn to help✨ the nay
New York Sugar
closed 1 point higher to 1 point
March
mande
the aid for the init/ki"