Invention Helps To
Fingerprint
THE CHINA MAIL, WEDNESDAY, JULY 18, 1955.
TRADE and
COMMERCE
SECTION
Page
Substances RUBBER SHORT IN CEYLON COTTON WORMS
Melbourne, July 12.
World scientifle Interest NEW YORK
an
has focussed on the develop- ment by Australia of Instrument which greatly increases scientists' chances of taking the "fingerprints"
to substances they- are studying.
spectroscope.
has
STOCK MARKET
New York, July 12. What promised to be
The development is a com- paratively simple addition to another good market ad- viince petered out today when interest in stock split candidates waned. Industrials and
both rails closed a bit lower on average, affected by a tew wide-moving
locust
to
de- of
A big chemical firm used the improved spectroscope for work on a new insecticide which saved Australian farin- of ers hundreds of thousands
When a recent threatened vastato thousands of neres crops.
"Meteorologists have sought details of the instruments for which, they use in research hope, will help them, more ac- curately 10
tho forccust weather.
MORE PRACTICAL From an even more practical,
Australia
shares.
For the market as a whole. however, changes were mostly fractional and closely divided. Of a total 1,197 issues appearing of the tape, 470 were lower, 458 higher.
Govt Unable To Fulfil
Contract To China
Colombo, July 12.
Ceylon officials continued today their efforts to find enough sheet rubber to fulfil commitments to Red China under the two-nation rubber-for-rice barter ageement.
Ceylon must send another 30,000 tons of sheet rubber to Red China this year. Government officials here have emphasised the immediate need for finding at least 4,000 pounds of sheet to ship aboard a Polish freighter expected here almost momentarily. A Polish vessel which docked here a week ago to load 750 pounds of sheet for Red China was. forced to leave with only 75 because of the rubber shortage.
World Rubber
Prices noved up sharply in the early dealings with trading active. Gains ranged to 8 points' in Procter and Gamble, more 2 in Jersey Siandard, than it narrower, viewpoint, the in- Bethlehem and a point or more in numerous other issues, many vention has earned
stock 40,000 of them moving up on almost 4 nest-egg of dollars (about £14,000 sterling) spilt hopes, in royalties from United States scientific
which organisations have bought the improved in- strument to use in their work. Royalties are also being paid
by other countries.
About 200 <opes are in uso parts of the world.
of the spectro- in various
Mr Alan Walsh, physicht Played by the Commonwealth
and Industrial
Re-
search Organisation, Invented the Improvement and Dr J.B.
Wills and Mr N.S. Ham, also Commonwealth Senti- of the
He and Industrial ita carch Or- Kanisation, wor
ion, worked with him on inter developmenis,
The Organisation was set up by the Australian Federal Gov- crument to carry out selentine
esearch
into twob
problems facing
Austral
alinn industry and agricul
to make possible re- which might alfimately throw up discoveries which would benent them.
at
the
In the laboratory at the Or- ganisation's research station Fishermen's Bend, near wharves of Melbourne port and sandwiched between two of the
factories main
of Australia's lusty young aircraft and motor- car industries, M- Walsh Investigating the structure of a small molecule known nitrosyl chloride.
To do this, Mr Walsh need- But he found
ca B spectroscope spectroscope
that no WDS
after
SEARS ROEBUCK
When Sears Roebuck directors closed their meeting without splitting the stock, however, that stock sagged more than 3 points and interest fell off in other issues where
split talk had been the moving factor in recent rises.
Markets
Sir
The present shortage is due: Asked when the price paid by in port to Bomo producers China might be revised, holding back shipments of shoes John said this could not be rubber in expectation that the done overnight but would take price which China is now pay some time, ing will be revised upward at some future date. World prices for sheet are higher than those China is now paying under its trade pact with Ceylon. Many its Singapore, July 12.
Ceylonese groups have urged The rubber market
was the price scale be revised since steady today. There were some good oversens advices and trade it is claimed, Ceylon is suifer- interest in lower grades, Turning a substantial financial loss
under the present agreement. over was fairly good. Futures;
No. 1 rubber per ju. July 126-120
AUR. 122-12212 Sept, unguoted
Jersey Btandard lost its gain to close only fractionally higher. No rubber ser lb. July 117-1111
No.
Procter and Gamble was un- No. 4 changed. Callfornia Standard Spot rubber unbaled
Blanket crene Du Pont No. 1 pale crepe
lost nearly a point. fell ahnesi 3.
There were Some strong spots, however, Bethlehem Steel among others of a wider changed to
rise.
wns the
SERIOUS PROBLEM
In the House of Representa- tives, Premier John Kotelawala Chinn- acknowledged that the 105-10015
had created 1271-12 Ceylon pact
serious problem for his country.
08-09
125-127
1
70 points higher World Cotton
NEW YORK Fulures today closed un-
with sales of 260 contracts.
futures market Trading in was moderate and price changes small, but all contraels except
• life-of- July reached Exchange contract highs,
Pepsi-Cola
day's most active issue. It held a fraction of an early wider rise,
Stock Exchange] New York hond volume was $4,000,000,
American Stock volume was 820,000 shares,
Dow-Jones elesing averagen
were:
30 industrials 20 rails.
50
new
Markets
Sun
New York, July 12. A sharp drop in the nearby
featured July contract the
casier and quiet cotton market ter-today.
. Most of the business on outside was done in the minal markets, physical offer. ings were few,
In the spot market No 1 Rss was quoted up -cent at 30% cents à pound. Futures;
15 utes
432.97 150,06 66,00 16880
40 bonde
90.00
134
Comin. future price index..
CLOSING PRICES
156.80
0%
Sept.
40.10
Aiden Inc. Acy.
Duc.
30.50
Allied Chemical
116%
Mar.
30.80
Allied Mills Inc.
37
May
35,60
Allis Chalmera
721
July.
34.40
American Airline
Sept,
33.40
American Cyanamide Co.
班
Am. Mach. F dry.
2831
LONDON
was
casler
103
0812
70
after Orm with spot closing 377%
Prices: pence per lb.
433%
Settlement house term:
151
AUR.
37-37
48
Sept.
36-384
Tex
Oct/Dec.
1032
Jun./Mar.
Apr./June
Borden (The) Co.
643%
Burroughs Add Machine
22
Chapulan Paclie R.
34
Cuse (J. 1.) Co.
202% 47
good cheugh. So, some thought, Mr Walsh got to work and began to develop a spectroscope which could do the
job what he produced, achieved
the same thing, but with higher quality, na would several spec- trascopes coupled 1ogether. Components cost less than
EA50 Tübout £40 sterling),
MANY REASONS
the
For many reasons, including cost, scitnuss normally cannot use several spectroscopes coupled together.
spectroscope
The average
costs more than LA4,000 (£3,- 200 sterling).
Mr Walsh explained that л normal spectroscope was an in- strument for analysing light into
Its component wave- lengths. The light is possed through a sample of the sub- Jeet
study
under
spectros
measures
and
Which
are absorbed by
the subject. By analysing the
results,
n selentist can draw
certali conclusions
the subject
nature
of
using
infra-red,
about the
The light--Mr Walsh
was
or. "invisible"
American Metal American melting American Tel & Tel Americon Tob. "B" Anaconda Cepper Armeo Steel Armour
Balwin-Linn-Ham. Baltimore & Ohio Benguet Cons. Bollehem Bleet
Boeing Airplane
C. I. T. Financial Corp.
Cat. Tractor
Celanese Corp.
Chrysler Motors Colgate Palmolive Co. Commercial Credit Commonwealth Elec. Consolidated Edison Continental Oil of Del.
Continental Steel
Com Products
Crane Co. .............
Crown Zelierbach Cubia Amer. Sugar Curtis Wright
vine The market
34-342
3144-314
29-20
General markeln, cif basis, ports:
30-301⁄2 JAY
15-35% AUK.
unquoted Sept. Esiato crepe thick July 395
301 United Proso.
thin
LONDON STOCK
He added that the trade pact was causing a serious problem for in that China was paying
rubber
with shipments Chinese rico, of which Ceylon has ample stocks now.United
Press.
Japanese Ready-Made
Clothing
Washington, July 12.
A textile manufacturer told a Senate Committee today that! ready-made apparel, particular-
New Oil Zone Encountered
Los Angeles, July 12, Bouthern Callforala Petroleum Corp, reported today the Balsyim Nolm well. belog drilled [or International Egypilan Oll
Co. on the Sinai Peninauts in Egypt encountered how all zone,
The well recovered 18 feet of highly saturated ell sand in a core between 0.014 and 8,531 fent and a drill stem test of the in- terval of 8,003 to 8,831 fees flowed clean oil at the rate of 2,900 barrels a day.
The well previously yloided 23-gravity oil from a zone around 5,100 feet,- United Press,
HONGKONG
STOCK EXCHANGE
(From Our Correspondent) Business done on the Hong
This Stack Exchange kang morning amounted to $880,272. Noon quotations and the morn- ing's transactions: SHARES BUYERS SELLERS' BALES
BANKS
DESTROYING SYRIAN CROP
Damascus, July 12.
Cotton worms are causing Syrian cotton. producers to fear for the safety of this year's crop. Although experts maintain that there is no cause of immediate alarm, Damascus Radio has been transmitting at hourly intervals directions by the Ministry of Agriculture on how to fight cotton worms.
At the end of June the Government received information that cotton worms had appeared on fields in various parts of the country.
The Government
had to act had agreed to furnish us
with immediately, because any delay both technicians
pod cotton the in fighting]
cotton worm dust." would bring destruction to Agricultural exports say that
estimated Syria's second
value of this most profitable | the industry, At the time, 34 50 year's cotton crop is Syrion happened that weather condi- £250 million (about £25 tions, according to the Ministry of Agriculture, were favourable for cotton worm breeding.
The Government ordered the Ministry to supply farmers with suficient quantities of cotton dust, and no farmer should be asked to pay for it immediate- ly. They are instead to sign promissory notes, which will be redeemable after marketing the crops,
of
loans
million). The area under cotton Plantation is the highest since growing of cotton was in- troduced into Syria, It is now 185,000 hectares (about 458,000 acres).
MAINSTAY The cotton industry has be- come the mainstay of Syria's economie ilfe. Exports are re- sponsible for 30 per cent of the total value of the country's_ox- ports which stand ot about Syrian £500 million (about £50. EASE CONDITIONS
million). In 1954 Syria export-
value of Further, the Agricultural ed cotton to the
£125 Bank was ordered
million (about to ease its 12,500,000)
The cotton is being grown in conditions ond to grant farmers low interest short-term to help them to start cotton four districte in Syria, Jazirah, Euphrates, Latakiah and Aleppo. dust spraying campaigns,
The
"of the The Jazirah and Euphrates area general staff
The best rewards. gives the Syrian Army were ordered to
*lold per hectare compares co-operate with the farmers to
very favourably with that of ensure the
of gucecas
the
other cotton producing spraying. The Syrian Air Force the made a considerable number of countries.-China Mail Special. K. Wharf
74 70
planes and pilots available for Dack
3004415 jine trak Provident (0) 15.30 101
000 15.20 Wheelock 8.00 9.20 $100.00 General of the Ministry of
1000..93
Agriculture, said "the Ministry 10099
is confident of the succESA the anti-cotton worm campaign. The
has sufficient Ministry stocks of colton dust, but we
KK Bank INSURANCES
Union
DOCKS. ETC.
HK atel HK Lod
ly shirts, bicuses, and under- LAND, ETC. wear, is being imported into the United States from Japan In huge and growing volume.
The testimony was given by Mr R. Jewell, head of a Liquidation and light hedging bleachery firm and Chairman of In the old July, which expires the Foreign Trade Committee tomorrow, met only scale down of the American Cotten Manu- The facturers Institute, He appear- trade and local covering. other
contracts dipped slightly led before the Senate Finonce
July. In sympathy with
Commitico which was consider- Frices opened on the upside ing possible changes in the fell slightly below their pre- vious closing levels by end
of
the first half hour. They hold that way throughout the day July which except for nearby fell sharply.
Many traders were holding to the sidelines until the July con
ot tract expires 1080 GMT Wednesday,
at
There was only one July transferable notice issued New York but most traders still look for heavy July tenders before the delivery expires. As
United States customs low.
that tho Mr Jewell advised
States Government United should not carry proposed cus
60 toms
plans simplification that they would result in further. drastic tarift reductions and loss of defence against wholesale dumping of foreign goods in American markets, United Press.
of the close on Friday the July New York Sugar
10
:
open interest here amounted to 157,700 Imies,
Exports for the season July 7 were reported at 3,516,002 bales, compared with 3,022,922 bales in the like perlod o year
ago,
Trading volumes and open in terests in the Exchange today were:
Volume 36,000
20,200
Open Interest
129,400
10300870.600
MARKET
Mooth
El Paro National Gan
London, July 12. Stocks eared on the London A light Exchange again todos.
of buying but steady trickle limited losses to a few pence on average.
July
Oct.
Dac
Mar
May
9,400 11,900
July
,000
Oct Dec Total
2,400 200
Family Finance Corp.
Diamond Alkal
Dow Chemicals ....
Dupont de Nemours
Eastman Kodak
Erio Itallroad
General Electric
Genomal Foodn
Gen. Pub. Vul.
Bght-s collected and focussed Heyden Chemical
by mirrors, then passed through
a prism, which spilta il up into
its component wavelengths.
Mr Walsh's
abled him.
invention
Inland Steel Co.
Uncertainty over next week's summit talks at Geneva and the of possible affects on industry
·
500 500
278,500
300,100
175,500
70,600
7.200 117,200 2,159,400 bales
Market
New York, July 12. World No. 4 sugar futures closed I point higher, to 1 point lower with eales of 17 contracts. Domestic No. 6 sugur futures closed unchanged to 6 points higher with sales of 517 con- tracts.
1785 1705
... 1010
65. 1700
་་
27.20
17 17.20 1500 17.30 ..711⁄2 221⁄2 1000 v 32
500 7143 500 72
.
101; 10.10 17.00 2.35 2.371⁄2 36,000
Mr. Akram Rikabi. Director Exchange Rates
of
Business was done in the local unofficial exchange market thin morning at the following rates:****** U.B, dollar (per $1) ......... Sterling notes (por £1) Australlan notes (per e1) Indonesian rupiah (per 100). Humphreys
have appealed to cotton-produc- Siam ticals (per 100) INY
1.asing countries for experts and In-Singapore (Siraits) Realty
States | Indo-China plastres 13.800.375secticides. The United UTILITIES
Tram ... 24.20 24.40 450 25,10 000 25.30 Star Ferry ... Youmait Ferry 128 121 250
102
.
121
100
200
123
40
120
C. Light (0)
22 22,10 1400
500
C. Light (NI 17.20 171 Electric
100
42 4200 *
133
Telephone .. 34 34 500 INDUSTRIALS
Cement
400 343, 32153 600 67 3245
500 1500 324 Hope
17.00 1000 171 STORES, ETC.
Dalry
22.00
23 2000 23 Walcon
14.20 14! L.Crawford 31% COTTONS
Textile Corp. Nanya
0.15
.. 11.95
MISCELLANEOUS
Yangtze Allled
100)
EVERETT LINES
EVERETT ORIENT LINE
Fast Regular Freight Rengerator Pasqunger' Borviča Loading for Singapore, Penang, Rangoon, Calcutta and chittagong.
"DRADEVERET**
"LENEVERETT
1.40
"ERREVERSTVO
“NOREVERETT""
0.20 300 +4 500 Bla 1000
800 82
3177
Arr. July
Aug.
17
Batle July 10
-- Aug.
2
-- Sept.
T
not, Sept.
1
- Sept. 20 - Sept. 21
Loading for Kobe, Osaka, Nagoya, Yokohama.
0.03
3.00 1.03 2500 5.70
"REDEVKHETT"
"NGREVENETT"
"URADEVERETT"
Singapore
Stock Market
Singapore, July 13.
the Brokers today quoted following stock prices:
Opening Batu Lintang Rubber Co.
Let th
$1.85 British Pornen Pritoloum
Syndicate
Manipur 43/0d Consolidated Jan Smelters
Ord. Fraser & Neave 1.14. Grd. Fenner Neave Ltd. 74457 Hongkong
Domestic No. 6 sugar futures, with heavy trading in nearby December, rose sharply, reflecting active buying in raw sugar.
Come refiners were reported. buying a large volume of raw sugar today, with the sudden Prices of futures closed today rush altributed to stimulation of demand for refned sugar by the às follows:
hot weather which found re Lunas Rubber Eatates Ltd. $2.15
Malayon Brywerlos
$3.10 fiers raw stocks comparatively New Serandus Rubber Co..
Glidden Co.
Goodrich (B. r.) Co. Goodyear Tire
the proposed price increase for coal prompted cautious 'selling,
104-1
Spot
Homsake Mining Co.
30}
Ingersoll-Rand
774
Interchemical Corp.
сп
Int'l Business Machines
Int'l Harvestur ...
the
International Nickel
a
International Paper
100
in
Int'l Tel & Tel
27
John-Manville. Co.
Lending blue chips were down from three to nine pence. There were a few exceptions. cinted Electric than 2. Stool shares opened weak, reflecting the coal price Increase, but by the close had recovered most of their losses.
July
Oct.
Dec
Asso-
Mar
May
was
more
July
Oct.
Dec.
Kanus C. Power & Light
41
Kennecott Copper
.110%
Liggett Meyer Tab, Co.
Lockheed Aircraft
Loews_Incoup. JA
Lone Star Cement Co.
Loulevilo & Nashville 13.
Lowenstein Bone,
2016
of
Mesabi Iron, Corp.
while using Rome Instrument, to achieve
of wavelengthe pattern much greater detail. This pat- tern of wavelengths trans. milled by the sample is known as its spectrum.
Minnesota Mining
What Mr. Walsh has done is to arrange a myslem by which he can send the Eght through оп optical arrangement
priam And a mirrors
in the spectroscope neveral times, in stead of only once as norinal.
A right-angled mirror reflecta tho light bark into moro mirro 10 that it passes through the prism several times. One wavelength; escaping the right-angled mirror, may pass through the optical pyntern only, A second emerges after - once,
going through twice,
third three times and so on. An electronio devico Interrupts the wavelengths and allows only the one which the scientist wishes to measure, to emergo,
Mr Walm, Dr Willie and Mr. Ham, who dovoloped it origine ally to measure Infra-red 'spectro, have pleo ndapted it to
meneutre visible; and siltraal violet poptra the pattern thrown by ordinary, and fin Violent light,China. Mail sociáln
Mission Development Mohanto Chemical Co. Montgomery Ward ... National Cash Reg. "A" National Dairy Prod. National Drillin National Land ............. National Steel Corp. New York Central" Olin Mathieson Ou Elevators Owen-Illinole Glas Pacific Gas & Mes.... Pacific Western Oil Paramount Pictures Parke Dayle Go, igni Penny J. Co. Penn. Belt Co. Philip Morr Philipe.Patroleum Procter & Gamble. Co. Pittburgi Mate GINES Punlicker Indussion Puri Oltonjunk Ituaje Corporation Hen. Motors Nyit gesublie steekz
Qu Ramolde Statel
Qile were active and firm. Royal Dutch added £3/4. Gold |und base metal shares were dull
and mixed.
British
NEW YORK
NEW ORLEANS
"LENEVERETT"
Aux.
Art
10 23 - Aug.
11 Sails Aug. --AUR. 24 B ~Rept.
Sept. 13
Sept., 7 Sept. 14 LIMITED PASSENGER ACCOMMODATION,
All the above subject to alteration withơng notice,
EVERETT STAR LINE
FAST REGULAR FREIGHT REFRIGERATOR SERVICE · Loading for Singapore, Port swettenham, MARIAS, Colombo, Bombay, Karachi ✯ Persian Gulf Port
Art. July 15 Sails July
34/0d
81.73
cum. pref.
$0.55
"STAR BETELGEUSE"
Ан 14
*"STAR ARCTURUS“
- Sept.
-Bopt. 10
Flanking Corp.
$916
"TRAIN
Kempas Ltd.
Hohon Fin Lid.
- Sept. 20
77100
Sept. 1
"STAR ALCYONE"
... $1.03
- Oct.
4
→→→ Oct.
Loading for Kobe, Ogika, Nagoya, Yokohama,
Arr. July 19 Baits July
34.53.11
33.70-72
"STAR BETELOÉUBE”
34.00
34.25
34,30
lower.
World futuros:
Lid.
$1.55 ed
futires
were
quiet, Ramies Hotel
Petaling in, Lid. ....
4.33
*STAR ARCTURUS”
$2.35
Ningapore Cold Storaga
$1.68
"STAR ALCYONK"
33.95
South British Insurance Co.,
Lid.
$20.00
23.86
Contract No. 4 (world)
Rept.
Straite Trading
$22.05
Oct.
Stratte Steamship
-$14.00
Mar.
United Engineers Ord.
$11,00
May
Wearne Bros.
$2.79
-China Malt Spečiai.
July
Sept.
Spot-cents per lb. tab.
33.55
Cuba)
33.60-80
Contraet No
3.23
14.09
Aug.
15.43
34.24
Sept.
.6.05
34.40
Nov.
0.00
34.41
1.
Mar.
1.35
MAY
Spot (cents per ib. cit.
New York
NY ex-duty)
-United Prest.
Prices of futures closed today as follows:
#pat
July
Oct.
Dee.
Mar.
May
War Loan
July
Oct.
Deu.
LIVERPOOL
Government bonita 110% Onished slightly lower, and well
kabove their lows.
140
was off, £1/16,
Domand from the Continent sent German bonds up as much £6 and Japanese around
24% 21/2-United Press,
69% | South Porto Rico Bisper
Southern Railway (Com.) Blanderd Brands Bland
t
Future olosings, American middling, in pence per lb. were
as follows!
July/Augunt Optober/November
",*་
SÃO PAULO
Rice Market
Bangkok, July 12. Prices at the close of the rid. market today: were:,
per tou
A
20
Aug. 13
-- Aug. 14
-
Aug. 27
- Sept.
Aug. 28 P
Oct,
+
London Foreign
Exchange
London, July
* Bept.
Oot, IIMITED PASSENDER ACCOMMODATION. · All the above subject to alteration without notice.
́EVERETT ́STEAMSHIP CORPORATION S/A
(Incorporated in the Repubile of :' Panama" "with" Limited Liability) · Chinese Department: Telephone 28293. Queen's Building, Telephone 31206.
Montreal Amaterdons Brunis Copenhagen Lisbon Faria Stockholmi Wort-Marks Zurich
Qihare w�IN
10.04 60.30
New York Foreign Exchange
MESSAGERIES MARITIMES
FAST-FASSINGER/FRRICHT-
VIETNAM CAMPODGE