THE CHINA MAIL, WEDNESDAY, NOVEMBER 7, 1956.
TRADE and COMMERCE
New Zealand Harnesses Her
GeothermalSteam
LONDON OIL
STOCKS
TUMBLE
London, Nov. 6.
Oil stocks tumbled on the London Stock Ex- change today in the wake of the worsening inter- national crisis.
193
After the maket i loved, suster, clay, oil stocks were bit sharply in the belief the Middle Eat ghung had stopped They were harniered down Joday
itve
Royal Dutch fell 39 shillings To £80% British Petroleum fell eight shilling Tunes 91 21.11 Anglo-Bgylian shillings ench and Shelf newly
AN werd Suez Chnal to suures also wave of elling los-
£25, to £32
ang £2
Blue Plage dine val were quel and regul
IHTEIS
The market Bored 1 EN pre detiind election #1 bad vidy
the Midste best De interest
There was neuy sell g bond Lm the Conituen.
Hr.
Vie pratel were down amant 2 14
£
L'outer Pre
London Copper
And Lead
vit
ELECTRIC POWER FROM THE EARTH
in
Auckland, Nov. 6.
It is now literally "full-steam ahead" building New Zealand's first geo-thermal steam electricity-generating station.
WORLD
SOYBEAN
PRODUCTION
New York, Nov. 6. World production of soybeans in 1956 is at an All time high, exceeding the previous crop produced in 1955, according to the US Department
Agri- culture.
The
of
15 Now on-
A combine of four Arms from England, Scotland, Switzerland jnnd New Zealand
gaged in constructing
00,000 Hallwatt pinat to reared and use the mighty power now sercam- ang harnessed from scares of man-made bares at Watrakel in the North Island's thermal wonderland,
The wecessful tenderers, who share TI contract involving ******
milflon pounds"
are Holland and Hannes and Cubills Lid.
Lamon: Courad Zschokke, Ltd.
uf Switzerland: Munro and Miller, Lid, of Glos- Low; and the Williamson Con- struction Company. Zealand.
foreign Dejautrint » allure Service estimated
Power-Hungry
First electricity
New
power- industry
US MARKETS CLOSED
اله
United were
markets yesterday for sfùcnilat electichs.
States closed tho pre-
NEW MAD SCRAMBLE
FOR STEEL
New York, Nov. 6. The Middle East **ex"
Germany Should plosion" has triggered a
Increase Her Imports
Munich, Nov. 6. West Germany should by all
means try to increase her imports in
order to restore her foreign trade balance, Herr Carl Wagen hoeffer, the President of the Bavarian State Central Bank, has said here.
пешт mad scramble for stool, Iron Age Magazine said today.
"If
international tensions worsen," The metalworking weekly said, "some steel buyers will be tranpied in the rush."
SO REUN Iron krown.
has the situation Age noted, that "behind-the-scenes pressure for reimposition of controls on stori
growing." Meanwhile, the publication snit, steel demand in 1057 will torrid and may result in pro- ducting reaching a new all-time high of upwards of 120 million tons. The
previous record of
117 million tons was set in 1983.
It was not desirable to chutput this year will not set u this am by restricting exports, new high because of the summer
steel strike. the President
However, Kajci, alleviations should not import conflict with necessary,
profer-
Wes
tive measures for German agriculture,
32L
Istant The wash utpul at 854 million j hungry North
higher capital exports were 1- yeur's hind homes is expected from the
Dat heels, excetching hist
ut lay over 10 per cent
of alust
in the winter
pinni 100 Scheduled completion Janine laastels, from 1985 in the, October of that year Fried States is partially offer
1958.
+late
a
The
The Government Ministry The Lesuctions that is belleved Works gave the contracto
China- 5000 start by building a work- ogeurred in
completing Matschuim and in most of their carap and
the station site foundations. he profuging areas of
11
0
Landon, Nov The cupper sand Wad maskets
the stendy
zi market was Brin, Priers closed. at the end of the otheial morn-
wore
Ing session as follows;
Copper min
d-mouth
Settlement
Turnover 500 teine.
tal half Nov
Jayne
العالية
20 writi
won let
HEAVY FLOODS
the China, Manchuria, Deptment Nald, heavy floods are said To have Falletest
i gevere damage in the major 117heun areas,"
Department
241
2011
Lea
17.
Leat TME
half
110',
110
Zinc 1*1 Healt Nov
100
109
7.3326
balt Feb
07
In the afternoon, the
cup
market was firmer, while
lead
זיום
and zlou were very firm. Prices closed at the end of Bi 1212- offein aftetudon salon a fol-
lows
Copper Spread
3-
Lead
F
alle
bu
216
201
are
DODAN
Now
24. -
41212
117%
traf Now Kell
}
717
1-4
Usite 1***
Turnover 300
Lendl 11 2515 Fels
Zinc
Zinc
1st
Market
London Wooltop
London, Nov. 6. wonllon futures closed study today with 72 lots transacted, Prints closed
as follows:
Mertze
ויין
koybean
production
estimated in the
The contract covers the erec tion of the power station on the barik of the Waikato River, ;] enoling pumphouse in the elver, and laying five 20-inch diameter Meel pipes for about a mile to bring the steam from the bores. The Ministry-of Worker will
install the generaling equipment
which England.
now being made
in
The full ricam supply for the | interi States In 1956 at t
station is already available fol- record 470,004,000 bushels from lowing Ove years' work. Drilling
11 word 29,953,000 harvested for more
act's.
REACTION
SECTION
REGULATIONS POSTPONED
Washington, Nov. 6.
Certain new regulations concerning export sales controls for government surplus or mbaldised agricultural commod will not not cothe into effect until November
über 16, the US Bureau of Foreign Commerse has announced. These regulations, origin- scheduled to cóma into foron last month, require exporters to obtain written acknowledgment the purchaser's understanding of ex
export control prohibit
re-exporiation or trade-
without trlor approval of the Bureau Foreign Commeres, Com- modity Credit Corporation and those subsidised for export by the COC, either by ch payments or pay- ments in kind. Only sales contracts of 310,000 or over are concerned.-China Mall Special.
HONGKONG
STOCK EXCHANGE
(From Our Correspondent)
Page
US Officials Excited Over New Rubber Process
Washington, Nov. 6.
A laboratory experiment that produced a test tube of natural rubber was reported by the US Office of Defence Mobilisation. The experiment was conducted by the United States Agriculture Department plant scientists who, Agriculture Department Officials said, used roughly about a third of a quantity of natural rubber lotex and two-thirds of acetic acid and brought forth a very small quantity of natural rubber.
One
This was not the first time akin to rubber that may be of natural rubber has been made economie Importance." In a fes tube.
United "The seleniiats had set out to States company-Firestone Tyre explore new approaches for and Rubber Company-is | developing synthetic tubber spending millions of dollars to with low heat build-up." manufacture What It calls a "Similar work has been done natural synthetic rubber That in California ou
guayule, n
has long since left the feel-tube semi-desert shrub resembling stoke
sagebrush which But what excited Jubber execlient naturni officials here was 8101 the China Mali Special.
natural rubber in the test tube f
but the process, who performed the Experiment and lo what pirposes that process might be used
The
In Puerto Rico
1wo scientists WOTC identified as Dr H. J. Teas of the Agriculture Department's Research Service and Dr R. S
of
produces rubber,"
MEXICAN RUBBER INDUSTRY
Mexico City, Nov. 6. Business done on the Hong-Bandurski of Michigan State kung Stock Exchange
Mexico's rubber industry this University, who were working
Jeint morning amounted to approxle on
Federal State will be able to use locally Įmately $1,030,000. Noon quota- | government
project.
They produced rubber one ant the morning's trans-developed their test-tube
within the next five natural rubber in Puerto Rico
years, trade last July
while studying how sources said today. rubber was formed in the Hevea
The 40,000,000 industry now rubber tree.
la able, sources said. to supply Their laboratory experiment local demand and have a balanco showed how natural rubber was left for export.
Reflecting the Middle Eas! crisis, Iron Age said pressure for delivery and positions on order Herr Wagenhoeffer said that
books is mounting, Scrap prices international currenez have reacted "violently", with cursions West Germony's strong the magazine's steel scrap com- erečilor position was often 9** | posite price "zooming" to a new plained as an expression of her
all-time high. richesse of capital. Therefore,
Prior to the invasion of Egypt, JL explained,
consumeTS: were
Bellons: commended as a remedy. How-folowing a conservative inven- ever, this view
fory pulley. This has been thrown
Share
Buyers Sellers Into negant that West Ger- To the winds,
GOVT LOANS many's economic recovery was
Iron Age listed three factors 11848 €
BANKS Bnanced by short-gehind the growing steel crisis, Bank Jurgely loans-China Mail Special
The probability that a INSURANCES
Union ON big
tunker pro- SHIPPING gramme will be expedited; Wherlocks The chance that the Wheelocks
Houtis freight
programume COT
Rin out for
more pOCKS, ETC will be singled speed;
K. Whart
Singapore Rubber
Market
take
Singapore. Nov. 6. The morning Rubber market was erratic but in the afternoun prices steadied around 98 cents uf nature's "white per pound for No. 1 Rss. gold" is processing satisfactorily estimated and alun for
Future closings were: a second station, Hi milhan bushel, u decrease of for which provision being No. 1 rubber per b
Nov 14 M
the ent from
the present work. near-made
Der. record 18 million harvested fast should be available next your Jan. year,---Balted Press,
Japan's crop
WINNIPEG GRAIN
PRICES
J
Winnipeg, Nov Prices of grain futures closed Today w
bushel
cris p
follows Onis
Decemb Alas July
22
771
Rye
Decerubion
104
12916-1301
127-120
May July Barley
101
2017-10
Decemiz
140
147
2003
201
2379%
124-125
1225-124 12034-1206
pener per 1
Dee.
Jan.
Bia
May
July
Sept.
Ort.
Dec
Jan.
Mnr.
May
- United Press.
+-110 11811110
23-11
17-18
110-1982%
Great Jets
is
14. 2 rubber per h Nov No. 3 rubber per D. Nov
rubber per Ih. Nov.
No.
11722-00 1984-457
clucers.
3. The coming push for Dock more steel by auto pro- | Provident
---The --Magazine pointed aut.LAND. ETC that even before the Middle Hotel East crisis, plate, structural and hot-rolled bar inventories "were badly out of balance."
SAME BOAT
unquoted
0014-07 03-091 91-02
70-10 119-121
run into 0
Flupphteys RUBBER Amalg
11.000 BY
104) 1420
made in trees, and, according to Q DES
One of the dimeulties facing one well-informed official here, the industry is the smallness of through their process, grower the local market and the im- might be able to Corecast
of exporting the ex- posibilction However, nego definitely future yields natural rubber trees,
tations are under
way to gain Department foreign
markets for Mexican good!, particularly in
Agriculture
their
cess
officials explained that the rubber
100 130 Teas-Bandurski experiment was Central and South America.
-no-one
Most of the material used in
1000 1.00 basic research In a fundamental
500 14.80 tage and that
ΠΟΥ now the Mexican rubber industry 14.90 could predict how much
**are
imported, with the practical commercial application exception of sulphur and rayon 15.10 could be made of their process.nbres.
ם1
8000 u 1.85 3000 » 1,023
In fact,
now
But i la expected that
they added, the two scientists were plant specialists new rubber plantations in the
atates
of Tabasco. Chiapsco, and and
not commercial chemical Veracruz will be producing the chemists or engineers and were raw product in large quantities primarily Interested
In the within the next ive years, and 600 22.00 possibilty of increasing the the import of the material wil
output of rubber from trees.
then cease-United Press. ofelol
Agriculture hailed statement laboratory experiment as
670
000 2000 80
0.30
135
• 6 1,30
..
M
30 m 01
44 441.
500 g 4%
30044
14.70
15 10 13.20
2700
IK Land
12+
EST 329 0214
180 of 03 19.10
1121, 10745
12,90 23.20
BGO 29
nati
[30 103
20 @ 140
105
the
C. Linh cấp 2 Bo 24
4700 * 24 1500 2.DO
23.40 23,60
1500 or 23.40
31, 31%
9.20
1400 31
24.30 2436
300 2.10
200 24.40
1500 24.50
000 24.40
INC
... 23.29
688 23.20 DOL
in INDUSTRIALS
L'ensent
or
3724
100 # 38
4000 74%
1000 23.40 Bynthetic rubber made from Mar.
coal
petroleums." statement sald. "In
ordinary Dee.
unquated
38.00
unquoted
the
May
28.70
JWY
the Oct.
10700
39.00
1200 9
new procesY,
Markets in US were closed
Ront
STORES, ETC.
Dairy
50 10.40
14.00
15 2000 o 16.00
plant
1000 a 14.70
600 14.00
200 à 14.90
71 said hot-rolicu sheets "ware in the same boat"
and UTILITIES Tram cold-rolled sheets used exten- sively by the auto industry, Star Berry "are tightening up fast, and will
real pinch In months ahead."
Iron Age said the chief fac-C. IN
| Macfrie 1ors behind its belief that steel production next year will hit Macao Elec a new all-time peak are: An Telephone effort to build up inventories, à strong construction outlook, big after Arm with spot quoted at industrial expansion, a revival
Spol rubber unbated.
Blanket grepe
lu time, output from Wairakel | Ne should rival that from Lar- darello, in Haly, which agrved
as a model for the New Zealand development,
B
The spectacle
at
Wairakel, where the whining 9-inch bores are burling great jets of slcam hundreds of feet into the air, has become one of the country's biggest tourist attractions. of each The opening bore, now almost a fortnightly occurrence, is marked by thundering Toar and the "crackling" of small rocks oject- ed high into the air. The noise, before o allencer has been fitted. December
is audible five miles away. Miny
Tests show that nolac Jay Wheat No. 1, cents: No. 3. the muffled bores can be com- 1341 cente nited Prekt
pared with the scream of a jet
May July Flaxseed
Electro-Plating Copper
On Aluminium
Ottawa, Nov. 6.
A Canadian scientist, Dr J. T. N. Atkinson, born at Cambridge, in England, has developed a new method of electro-plating copper aluminium.
for
1 pale crepe
LONDON
The market
uncertain W#3
294 pence. Prices:
No. 1 spot
Sigilement nouse term:
Dec.....
2017-20
2935-30!
2076-29.7/0
287-20
2016-201
2714-20
General markets, elf, basis, porta:
20%-20% 291-29.15/10
Jan./Mor.
Apr Mine
Juty/Sept
new
Od/Do.
2
Dec. Jan.
Eatate crepe
thin
Nov
Dec.
thek
Nav.
Dec.
from
engine.
Pressures of 200 pounds to the
square inch are common and up
to 450 pounds has been record-
ed.
Load Factor
London
30
unquoted
30%
United Presa.
of appliance buying, of farm Implements, and the boom auto sales.United Press,
BONDING RUBBER
TO METAL ΤΟ
Akron, Nov. 6. A new
method of bonding rubber to melni that will save
Tin hundreds of dollars in produce
Market
London, Nov. 6.
tion costs has been announced by the Adhesives Division of the D.E. Goodrich Industrial Pro- ducts Company.
Electricity for usc by the The tin market was firm in primer with
al- the morning. Spot rose 16 and drDlers and contractors is ready being generated by under- three months 81⁄2 points to ground steam from a small ex- £878% and £833% respec- perimental bore. The drillers" | tively, office is heated from source.
the same
Wairakel's importance lies in
Turnover was 75 tons. Prices closed at the end the fact that it will be able to the official morning session operate continuously
follows:
Spot factor of nearly 100 per cent.
on a load
In comparison, New Zealand's on hydro-electric stations, which now generate most of the coun- iry's power, have a load factor
Spot
buyers sellers
Spot Jumped 13 points
months
al £092% and three,
of
Ma
0771 $80 3-month In the afternoon, the tin market was very firm with spot of between 50 and 60 per cent, tin the highest since April 2nd, This represents an important during which he perfected a depending on lake levels and 1953. advance because the use of new technique, simpler and less river flows. aluminium for electrical appllen-expensive, tions has hitherto been restricted. copper.
plating with
Wairakel's steam will be Dr Atkinson, of the Naval
full power all the time, The Board reports that the Engineers pre Research Establishment at Dart- new development may also prove 250,000 kilowalts, which, geol-
niming mouth, Nova Scotia, is a chemi-useful in copper plating steel ogists claim is the minimum ck- cal engineer for the Defence and other metals, in which case tainable from the present shal- Research Board.
would have the further ad-low drilling in the area.
that less vantage chemicals can be substituted for
Soldered Readily
*
Aluminium
is both lighter This would
dangerous
the copper cyanide solutions hormally employed by industry," reduce the over
at
Undiminished
Two heavy duty, rigs
Each
bore 2,000 to 3,000 feet every three secits and
deep
cach
and cheaper than other metals present risk of accidental polson-working day and night.
used in electrical applications, Ing of plating workers.
but <timbullies
boen experienced in
have hitherto
jolning Head Of Group
aluminium,
aluminium and other metale.
puts down an 8-inch diameter
bare given sumelant Ateum 10 generate 5,000 kilowatts
101
Watson
COTTONS
Textile Nanyang
INVESTMENTS
Yangtze Allled
13.40
4.30
4.90
170 104 500 13.90
An
Department the
another "first" In agricultural Sao Paulo Cotton
01431 research.
171.10.20
10004.10 7.00 2007,40
4
World Bank Quarterly Report
Called "Duolock" the new system combines ก duolock fie coats and costs less per gul- dublock appropriate lon than other bonding kysteins..
Washington, Nov. 6. It may be used on motor The World Bank report- mounts, industrial tyres, rubbered
today its July- covered rolls, printing and type writing platers, or wherever September net income wai rubber materials, both natural $8,400,000 gross income. and synthetic, are bonded to of $17,000,000, minus ex- motalChina Mail Special.
penses of $8,600,000.
Singapore
Stock Market
-
points up at,' £838%.'
Singapore, Nov, 7. Turnover was 40 tons.
Brokers today quoted the Prices closed at the end of un-¡ following stock prices: official alternoon
Opening sussion
Balu Lintang Rubber Co.
Ltd.
follows:
Spot
Spot
3-month
buyers
00
koliers
84215, ---United Press.
London Foreign Exchange
London, Nov.10.
Copper - plated however, Holve# this problem Dr Atkinson matriculated at Early fence that pressurea · Coming rates were: since it can be soldered readily Londois. University and after would leasen after the bores had Mon New and, according to the National Taking a chemical ongineering|been blowing for soïne time have Am Buy Defence Department, "otherwise degree at McGil, lectured in disappeared. Five-year-old bords
duplicates coppor's favourable Applied Physice at the Universe all operating
Ped., undimin Buy of Toronto, He is hów houd jahod volumes. Some tre divling
from amil-corrosion de thé Navel Bercaron Establish they werecties opened the Defence Research Board & ment, China, Mal Specials Mall spa
Chins
Syndicate
British Botnico
Consolidated
Ord.
Patroleum
Tin Beibers
Frer & Nogve Ltd 'Ord.
Fravor de Neuvo 715% UTI.
· pref
/ $3.00
$4.00 Onmyona (Malaya) Punited "$2.10
Hongkong
ing Corp.
Ghanghai Bank
Hongkong Tio Lad.
Kompas ""LAG.."
Lugas Rubber, Estates Lid.
Maliyan. Trastosice,
Now, Serandah Rub
Potaung T
Ramosi Hotel Kingapore, Colá
In the same three months of Jast year, net income was $0,200,000. Expenses were greater and
prosa Income smaller,
reserves
to
The July-September net in- come, plus $3,900,000 of com- missions received for the loan it mado, ruled the Bank's $124,000,000.00 September 3000
The Bank is on organisation of 60
which lands countries money for economie develop ment projects in its member countries. It had agreed to 'make' soma 149 loans totalling 82,700,000,000 as of Sept. 80.
Borrowers have 2 repaid $204,500,000 of their loans so for-Unilog Press,
Exchange Rates
Jocel
arket
مارك
First Time
"This test-lube rubber Is
the SoftC UA
the researchers
Sao Paulo, Nov. 6. Cotton future closings, in cruzeiros por kilo were as fol- lows: Nov.
started with Enzymes from the today-United Prest.
Kiselt
and, by adding a compounded
vinegar-like acid,
the real rubber
"The scientists for the first
time acparated
cell-free plant
enzymes capable of forming
NAMESAKES
Answers:-1 Vikings, 2 Coun-
compounds known as sporenoida, dl, 3 Danes, 4 Anglo-Saxon, which Include rubber. This 8 Command, 6 Waves, 7 Eog- opens the way for syntheticising | ¡and, 8 Rule, 9 Throne, 10 Negal. certain compounds chemically King Canute.
TYPHOON MAP
with revised codes in force as from
fit April) 1956.
$500 MOUNTED
$40NMOUNTED
South China Moming Post Ltd.