THE CHINA MAIL, WEDNESDAY, JANUARY 25, 1956.
TRADE and
COMMERCE
SECTION
Page
Prosperous Scots Seaweed HONGKONG New York Stocks
Industry
Plans For Expansion Of Potentially
Limitless Harvest
While
By Vaughan Jones
PT's Barter Trade GATT Delegations
With Iran
Manik, Jan. 24. The Foreign
Office Ima Instructed Ambassador to Britain Maria Guerrero
requept the Iranian roverument to extend the period within whick: Japan mhay buy Trastlam rice for barter with Philippine "D" sugar, it was learned today.
In
Glasgow, Jan. 24. Englishmen argued
about
20,000 rben.
government prospects of halting inflation, Saw unexpected prosperity along
Scots
their rocky western coasts.
The new industry enriching the Scots is seaweed thrown up by the heavy Atlantic waves. Since the harvest is
potentially limitless there are big plans
for expansion.
This Scottish success story is
compositio
mud possible uses,
uniainted by government alt. than scientists knew about any
I sprank from the broken, land plant.
hopes of poor crofters whe
Moreover. they were aded
turned for their living from by research workers in foreign sour land to the sea,
countries who exchanged newly-
There crafters .vel alamt the ! ɑreovered information. rocky, bruken western cusst and
The
Institute
passed on its in the surf-lashed Hebrides and discoveries to
to anybody interest. Orkney Islands Over theed, including commercial Arms
years they saw that the few anxious to exploit the seu. sheep which rouid nibble Hiving from the heather-covered
slopes earned shillings Instead of pounds,
Hazardous
were
W
The Institute's also
developed
senweed harvesting machine It was made in different sizes, the cost
£4,000 making
The £12.000
small could be operated from a verted shing vessel.
technicians
#
to model to
Eve71 the sale of homespu cloths, manufactured by hump- light in the long evenings at home in the
cottages, WOA hazardous business, Su the Oshing ventures. for the fishermen
could find no ready market for their estehes,
They collected the strands at low tide, dried of seaweed them over long banks of stones. And burnt them lo extruct Lorine and other chemicals.
But their toll, often in bitter weather
the wind-swept brought them in little shores, moncy They abandoned it as long back as fifty years ago, and leys the SOLDIE men believing
these
cablegram Vice- President and Foreign Stertiary Carlos P. Garcia told Mr Guerrero to give Japan
up to March 31 within which la puretune tom of Iranian
way understood that under present arrangement Japan kad to dreide buying the creed until the of this month. Japan gave the Philippines until January 31 to neerpl it citer of franian rice in exchange for 20,000 metrie tons of "D" sugar-United Prem
end
LONDON
on
STOCKS IRREGULAR
London, Jan. 24. Scattered rallies failed keep momentum and con- stocks closed irregular on [the London Exchange to- year, using machines,
three Arms, crofters day. การ
Ashermen gathered in be- Iween them 40,000 tons.
The harvest was purcessed in the a number of new factories along coast The products, besides
to the home Loing market, were exported to about thirty foreign countrica,
Congratulated
Because of This SUCCESS, number of there countries are asking about
the Institute's work Canada and
British government stocks and is fentured on the strong side. The "gilla" advanced on a mid- day rally and held gains ranging
two shillings to much as seven for Old Consuls.
bom about
Must
Own
Guard Secret Lists
Génova, Jan. 24.
Top item on the agenda when the heads of international trade delegations met here last week was "Security."
Keeping secret the lists of products on which they are prepared to bargain for tariff concessions is the biggest headache for the 27 member nations of the General Agreement on Tariffs and Trade assembled here.
At the first meeting of GATT in 1947, one complete section of the £2,000,000 Paluds dea Nations here was cordoned off and policed by security guards.
At Inter "rounds" of tarlit talks in Annecy (France) and Torquay (Britain), complete hotels were taken
"protected."
But this Lime
different.
the Palais
delegations
and
Bro
over
things
The In
No single section of
is available.
scattered arc
הנוגאין
nn
scores of
severul different doors as well as in a big hotel downtown.
Blame Themselves
Faced with this problem the GATT secretariat has thrown in its hand.
"We are giving each delegate and official entitled to attend the talks a badge and identity They will not be admitted. But beyond that we cannot go," GATT official.
card, without which
were
sald
Chicago Grains
Make
Slight Gains
Chicago, Jan. 24. Most grains inched up slightly on the Board of Trade today with demand spurred by the drive by BOLTRO Congressmen for high rigid price supports on crops.
The buying was counteracted to some extent by favourable crop reports from the winter wheat
belt ind by the D.D-
that nouncement
stocks wheat, corn, oats and barley in the country as of January 1, reached record highs.
of
|
STOCK EXCHANGE
(From Our Correspondent)
Business done on the Hong- kon Stock Exchange this morning amounted to $470,000,
Best Since Mid-November
New York, Jan. 24. Stocks turned in their best per- Noon quotations and the morn-formance since mid-November today in a SHARES BUYERS SELLERS SALES sharp reversal of the decline which had slashed prices sharply since the first of the
ings transactions:
DANKS
HK Bank
INSURANCES
Unton
SHIPPING
Waterboat
DOCKS, ETC.
K, Whart
Dock
1700
24
00 321% 83.75
70
year.
Individual stocks in all major groups
Provident (0) 13.10 16.30 500 1.10 gained a point to more than four points in
Wheelock
LAND, ETC. HK Hotel
HK Lan UTILITIES
Tmm
(10)
Star Ferry
Yaumau Ferry
1000 de 15.10
600 25.10
the rise today. 500 18.20
200 66 13.20
200 18.20
0.33 6.45 500 1000 1000
17.20 17.40 800
Industrial Phares
went
up Eric Railroad .. 3.40 5.53 points on average, the best Family Fance Corp. 9.35
since November 14, and Generni Foods 3.40 Kain
General Elecirte in their General Motors
litles added 0.37
11.20best move since mid-November, Gen. Pub, Util.
500 17.10
300 17.20 st year.
02 0215 1700 ** 03.
153
Gillette Safety Razor didden Co.
Goodrielt (B. F.) Co. Goodyear Tire
and 173eyden Chemical
Homslake Mining Co. Ingersoll-Rand
Inland Steel Co.
Of a total 1,102 issues traded
advanced 24.20 24.30 1000 24.200day, 788
0002430 declined.
This narrowing
o stackening in activity to
were the chief International Paper
103 100
C. h (0) 22.10.
C. Light (N)
Electric
0.40 0.00
end
of the list, Interchemical Corp
But Business Machines Int Harvester
Int'l Tol & Tel
Tot-Manvilla Co
Kansas C. Power & Light", Kennecott Copper
Men Elec (0) 1700 432,100,000 shares from 2,720,000 International Nickel
yesterday. (N) 8.20
dampers. 33 33 1200 x 33
1000 331
Steels shares 301 311⁄2 700 * 301⁄2 lenders and a
number of in.. dividus features responded to 16.70 18.00 1000 @ 18,20 favourable corporate develop- 13.10
incats.
STORES, ETC.
Telephone INDUSTRIALS
Cement
..
Rep
Dairy
Wation
COTTONS
Nanyang
Yangtaxe
Textile Corp, 61% 0.50
Allied H.K. & FE
Kirvest
798
8% 0.00
11.00 11.70
400 or 31.60 600 @ 11,70
Oil
Kuwait
Expansion Plans
London, Jan. 24. Kuwait Oil Co.today an-
warned of the risks they might Dealers also received word its refinery
were
Oils Gain
strong
Carpenter Steel was helped by
1 100
per cent stock dividend and extra declaration,
In
Oils had gains ranging from a
to nearly point
3 points Jersty Standard, Standard of California, Texas Co., ninong others,
Liggell Mayers Tob. Co Lockheed Aircraft
Loews Incorp,
Lone Star Cement Co. Louisville & Nashylite R. Loewenstein à Bons, Mesabi fron Corp. Minnesota Mining Mission Development Monsanto Chemical Co. Montgomery Ward Motorola Inc. National Ceah Neg. National Dairy Prod. Nallerial Distillera National Lead... National Steel Corp. New York Centrai Oils Matheson Otis Elevators
Owen-Illinois Class Pacino Gas & Elec. Pan American Airways
Coppers were in demand with Paramount Pictures
Co. Kennecott up 3.
New York Stock Exchange bond volume was $4,730,000.
American Stock Exchange volume was 850,000 shares.
Dow-Jones closing
were:
30 industrials
at
10 l
Al 15 ulites
bonds
65 #LUCKS
Parka Davis
Penny J. C. Co.
Perin, Balt Co. Philip Morris Philips Potroleum Procter & Gamble Co. Pittsburgh Pinte Glam Publicker industrica
averages! Pure Oil
407.8
12.01.
20
160.24
26.82
150.59
168.10
403.20
Closing Prices
Comm. future price index Comm. apot prive index Moody's index
"It is now up to ench delegation to guard Its Own secrets. if anything goes astray they
will have to blame them-
Export business was słow. sor the United but Japan is scheduled to buy selves, Bot us Nations authorities."
of US and (mount --large At the opening meeting all Canadian
wheat and baricynounced plans 'for a major delegations
solemnly tomorrow,
expansion programme
in Mina Ahmadi, Kuwait, which will increase capacity from 30,000 barrels to 190,000 barrels per stream day.
The programme includes the construction of two atmospheric crude distillation units with 1 capacity of 30,000 barrels Alden Inc. Acy. stream day. oli siurage tanks. Alle Mills Tra. necessary equipment for in- creasing
power, steam water American Airline
American Cyanamide Co. and modifien- An. Mach, & dry supply facilities, tions to the existing oll toading American Metal system.
inoved
at the run thead
by leaving confidential that
crude soybean oil traded opening, led by Royal Dutch, documents lying about.-Lon- In fair volume at 11% cents a which closed nearly 1 higher. den Express Service.
et
today, the pound Shell
Dectaur British Transport und
best level since las: July, and Petrohum were other gainers,
reiners continued to be in the market for additional supplies. Tho demand
associated with pending expert sales to Spain, Greece, Bolivia Columbia. Wheat
13ut
GOLDS QUIET
up similar centres themselves.
number of industrials And Scols are congratulating cased
when buying support that the kelp industry was pro-themselves that they have a cruy
Iniked
inaterialise. 5 me ftless
that never needi plantings, even leaders, like Imperial Chemical though it takes three years to and Courtaulds, kept their
Express Ser-gains, but steel and department|
isture shares weakened.
Then cume the war und its shortages, and the scientists recalled the miliona of tons of açaweed un Scotland's shores
richer caweed thun anywhere cisc
which
crups
BTOW
around the British Isles.
Research
In 1944, when Hitler's & boats
to
mature.-London
vice.
London Foreign Exchange
were still sinking Allied vessels, Now York they set up a research organism
Montreal sation
discover everything | Brusse in they could about harvesting and rankfurt
Milan using this vast crop.
Parts Based at Inveresk, the Bockholm Institute of Seaweed Research, Zurich
Others Pres
as it was later called was run by an independent board under the chairmanship of Lord Blisland
But it undertook its new task like a military operation
Surveyors mapped out about 4,250 mies of coast-line. Royal Air Force planes took about 10,000 stereoscopic photographs for Interpretation by experts. Scientists examini
less than 100,000 samples of weed nem differtat parts of the cast. When the Institute had co- ordinated all their findings they concluded:
no
16 Tons To Acre About 10,000,000 million tons Dí seaweed wêre available, including both the red and brown varieties.
were
London, Jan. 23.
1280
2.00 3/14
2.50 11/10
130 2715-130,70 11.731-11.73)L 1754-1755
DES-983 1 12.24-14544 12.2474-12.201
unchanged. United
nod
WORLD RUBBER MARKETS
Rubber unbated
In foreign bonds, German No. 3 Dawes Loin was a bright spot with a good fractional gain. and other lens were Japanese
Blanket crepe
Wis
and
closed unchanged to off a cent; soybeans nữw
lo 2 centa
130)
up
CLOSING PRICES Singapore, Jan. 24. Prices per bushel in centa: Gold shares
were masti y
The rubber market war un- Wheat, No. 2, red quiet after a strong opening, certain and somewhat irregular Spot retreated from the day's on various conflicting rumours. [highs. Orange
Sute Future closings were: Free | sbus found good buying sup-No. 1 rubber ptr 18. Frb. 1083-1084
port. Coppers
Mar. 107-108. were Arm, but
Apr. unquoted other metals were trendless.
No. 2 rubber per ib. Feb. 10745-108
No. 4
Mar. 2105 (11) 20916 (17)
Mny July Sept
213140 2003-
20216-3
Nov
2001%
Corn, No, yellow
107-107 1/3
Epot Mar. 104-105 108-109 May 94-06
12034
July
No. 1 pale crepe
1101-1201 Sept
LONDON
Nev.
were mixed.-—.
The market was quiet with spot quoted at 31% práce per lb, Prices;
Пус
Mnr.
MAY
Oale
No. 1 Rm spot
314-314,
Bettlerpent house term:
Mer. Mos
0476
DEX
March
April
April/June
30%-50%
July/September
291-291
Spot Зал.
314-31 Soybeans, No. 2, yellow 21-3444
26314 24414-210
281-28 Mar.
24814-1
24734
February
March
311-31% July 31-5114 Sept
Barley, Spot
201
217
130-1401
quiet.
Doller stocks United Press.
Canadian Cotton
Textile Industry
Montreal, Jan. 24.
Canada's cotton textile industry has spent
the past $134,000,000 in
10 years in modernisation
programme designed to fight foreign competition, Mr H. Roy Crübtree, President of the Cotton Institute of Canada, saidį last night.
Mr Crabtree said in his, Mar. annual report to the Institute Max July investment Tutai that some of the were
had paid off, but he added:
"While some optimism about averaging about 16 tons to the the progress and future of the acre.
Some 4,000,000
centration, with
tona growing in commercial
the
con- crop
New York, Jan. 24.
This Thcluded the industry is justified on the basis today as follows:
1050. between
of performance during tho tido levels as well that inch optimism must be temper
11.3 There for the ed with
no long picking between low and high foreign producers quickly
Large
of quantiles material into Canada ond dis-
snaweed
shallow weter.
water was 180,000 tons.
rame
an
πόνο
coulion
can
1m-
As seaweed takes three years pose of it hero at prices to mature, this ensured annual harvest of well over possible for Canadian producers
to meet." 1,000,000 tons.
Me Crabtree, general man- At tho
time othen jager of Woods Manufacturingi research workers were discover-Co., Ltd, blamed the Federal ingali they could
about government's tarif policies and Derwood!
"conditions existing in other The Investigated the ite markets as the biggest draw- histories of different species hacks: to the Canadian of
location, quantity and duality's access. He said: both chemical composition They continue to seriously affect the tried out new. harvesting earning power of an Industry methods by hand and machine, operating in the email Canadian
in their Tiboratories they markets - United Prest, ~ examined
processing WORLD PRICES methods studied è by products.
and
*
new
residues. And looked into
00,200
33,200
100
3.200
41,500
1,851,000 bates
NEW YORK
Prices of cotton futures closed
Spot
23.350
Mar
31:48
May
33.83
July
32.03
DOL
30.90
Doc.
30.70
Mar
30.88
May
30.58
FW ORLEANS
NEW Prices of, fututes closed today as follows:
Spot
May
30.00
5625
July
··51034-08
October/December
General markets, cif basis, ports: May
Estate crepe arquated.
AMSTERDAM
200 lb. sack
The market was very quiet, New York four Prices closed today in guilders рет kdiogram, cif Feb.
follows:
No. 1 rubber
No. 3 rubber
No. 3 rubber
No. 1 crepe
Sp
$13.00m WINNIPEG PRICES
Winnipeg, Jas. 24. Prices of grain futures closed 3.08 *. today in cents per bushel as
3.10 nom,
3.08 nom. 3.40 Dom, The New York rubber prices were unavailable,
follows:
Onts
MAT
July
-Ungled. Pres.
Oct.
Ryo
May July Ort.
New York Sugar Be
Market
New York, Jane 24. World No.. 4 sugar futures closed today unchanged to 2 points higher with sales of 5 contracts.
The domestic No. 8. contract closed unchanged to 3 points lower
with sales of 55 con- tractsk
Mixed dealings between re
11
May July Oct. Flaxseed
Mar
July Det.
Construction
subject to confirmation.
Allied Chemicals
Allis Chalmers
Radio Corporation Republic Steel Reynolds Metal Shell Oll Co.
Saint Rog. Paper Sinclair OU
Bocony Vacuum
South Porto Rico Sugar Southern National Gas
Southern Railway (Com.) Standard Brandi Standard Oil of Cal Standard Oil of Ind
Standard Oli of N.J. Sterling Drug Co. Biokely Van Comp.
12114 Studebaker-Packard Corp.
Swift & Co, Тежда Со.
100
60
2319
Tide Water Azm. Olt Twenty Century Fox Film Union Carbide
Union Pacine Railway
| United Aircraft
U.S. Lino CD,
25
581
American melting
Am. Sugar Bet.
93
American Tel & Tol.
100****
U.S. Rubber
лет
American Tob.
EDI
U.S. Emelting
Anaconda Copper
U.B. Steel
begin In
the
Armen Steel
Armour
Construction cf the
factilles wil
Baldwin-ma-Ham,
zecond half of 1950 on a Bite
to the existing re- Baltimore & Ohio adjoining
inery. Completion is expected Bendix Aviation Corp.
inte in 1937.
Benguet Cons
Alplane
The company said the expan-Bethlehem Steel sion will enable it to produce Borden (The) Co.
grouter
middic quentitles of distilates, marhic diesel abci including
residual
fuel oil. bunker fuel oil for tankers load- ing at Kuwait.
Kuwait Oll Co. is owned jointly
subsidiaries British Petroleum Co Ltd.
ودا
| Gulf Oli Corp.-United Press.
Singapore
Burroughs Add Machine Canadian Pacifié R. Co (J, L) Co.
c. 1. T. Financial Corp. Cat Tractor
Celances Corp.
Chase Manhal. Bank Chrysler Motor....
| Colgate-Palmolive Co.
Warner Bros.
Westinghouro Mecirla West Va. Pulp & Paper Woolworth
United Press.
New York Foreign
Exchange
England oflefal
41% Australis
New York, Jan. 24. 30-day futures, 90-day sutures,
of
and
Commercial Credit
Commonwealth Elec.
Consolidated Edison Continental Oil of Del.
4812
New Zealand
DO
South Africa
Continental Sterl
37
2812
3014
Stock Market
Singapore, Jan. 26.
the Brokers tollay, quoted
Opening
following stock prices: ·
Elati Lintank Rubber Co..
Ltd., M........................................... $1.55 British · Borneo Petroleum
Hyndicate
Consolidated Th Smelters
1001
Honghong & Shanghai Bank.
ing: Corp AAN
120
Hongkong: Tia Ltd.
29/20 Exec Neava Ltd. Ord, $1,00 Fraser & Nesve 71⁄2” cum,
$9.95
3020 ed H
Kempes Lid: Van
Lungs Rubber Estates Lid. 14.10 Malayan Breweries
$1.95
·94.20
$1.00
New, Serandah. Rubber Co.
Lid, Wheat, No. 3, northern, 1624. Feinung Tin Lit. cents, No. 6, 123 centeUnited Press.
Hamics Hotel
Sinjtspore, Cold Storage
Bouth British Insurance Co.,
Ltd.
Firaja, grading, Stralis Sternship
Jap Trade Fair in ord
In New York
and other, trade interests. developed pending further developments
New York, Jan. 24. 1 In the rdw
The second Japoncee fancy market.
Trade sourtes reported about woelletts exhibitions got kunderway ju 32 Cuban · · sugar mills have at the Japan Trade Centre, 10-
4
Wearne Bros.
pečlitné Moli spectat,
LONDON SILVER PRICES
started grinding the 1956 efpo. day chibi CDON DAW piled of allver" was today!
Futures
ib, were old cont
Fair
Mar
Bapt
B. New York, Jaz:(2624)/
their worth mandiana - Kodder Trading volume and Open New cabl and fertilisers-thair use in the Interest in the New York, Cotton connexion, Industry, pharmany, Exchange today YINYO JOHTOWE
Contract No: 4 (world).
Sport+IceH
London; Jaui, 24.
qugbid. at 113⁄41⁄2 petice for, spot. public dally, until February 4 and 77% fiches for forward idatures 17 Booths display his (alhine(78 and 219 pohod pres 16 the progres the Japanere woollen viously) -United, Proses
vidištrykčios made from 1670-to
Corn Products
Crane Co. ****
Crown Zellerbach
Cubon Amer, Sugar
Curtis Wright
Diamond Alkall
Dow Chemicals
Dupont de Nemours
Eastman Kodak
El Paso National Gas
Uruguay
Indla......
Canadian dollar roles:
18pot: close'
high Jow
DO+day
| Futuro: 30-day
-month
2.79 13/10
Bellers $1,009/04 $1.00 11/26
1,00 0/04 1,00 11/04 1.000/04 1,00 3/64 1,000/64
1.00 10/14 1.00 4/04 1,00 8784 100 1/04 1.00 5/86
United Press.
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After that, our upstosdato aŭtomatic
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