1954-07-15 — Page 9

Egyptian Premier Visits Sarcophagus

Gamal Abdel Nasser, the Prime Minister of Egypt, visits the excavations. at Sakkaru and inspects the recently discovered tomb believed in be that of

king an ancient which, when opened, was found to be emply.—Express Photo.

bui

Shepheard's Hotel Will Rise Again On A New Site

Cairo, July 14.

THE CHINA MAIL, THURSDAY, JULY 15, 1954.

Shepheard's Hotel, destroyed in the great fire here during riots in January, 1952 which resulted from tension over the Suez, is being rebuilt.

Work on the foundations of the famous hotel, where it was said that the East shook hands with the West, has started. The old Shepheard's, a low rambling building, was in heart of Calro.

TRADE

COMMERCE SECTION

Tanker Tonnage British Engineering

World

BIG INCREASE DURING FIRST HALF OF YEAR

London, July 14.

According to Messrs Davis and Newman Ltd, world tanker tonnage (excluding U.S. Government- owned vessels) increased during the first half of this year by just over two million tons deadweight to reach a total of 38,062,007 tons. The total figure compares with 23,352,222 tons on May 1, 1948 and 16,078,000 on July 1, 1939.

to

The increase the first sixjon January 1 to 3,464,352 ton; months of this

was but Liberion increased from achieved despite the conversion | 2,349,970 to 2,959,344 tons; of a numb of Liberty type Italiana from 1,500,272 unkers to ctry

vessels 1,789,908 tons and French from and the selling for scrapping o 1,452,042 to 1,808,063 tons. some 40 vessels totaillag 430,- 000 tons deadweight.

British-ownot

creased by about

to

cargo

tonnage In-

JAPANESE SHIPS

The

Agune

for Japanese

No Request For Wage Council

Londbh, July 14.

ste blert 154648. Colonial Secretary, naich today in a written reply that no request had been made for a wage council th the Malayan tin industry,

E.

He was repiring to Mr „Popplewell, Labour, who asked if Mr Lyttelton was in favour of selling up a Ware council, what advice Ito had given on the matter and whèn lle expected it to beodme operative,

Mr Lyttleton said: "Local conditions makt dotérialie whether Improvement in the machinery for Axing wares and conditions in the industry can best Le achieved through statulory rather

than voluntary methods of wage regula- tlon,China Mall Speetal.

Shop-Window At Birmingham

London, July 14.

In an effort to increase exports of their light and medium engineering products, 7,000 British firms have co-operated in the establishment of a £30,000 permanent engineering centrë 'und ëxhibi- tion at Birmingham.

NEW YORK STOCK

MARKET

Housed in the Birmingham Exchange, which was founded in 1801 as a market for from and cont

the centre is intended as a

focal-point of the industry where oblalt visiting engineers can information about the products Britain has to offer.

Two

hundred Arms have staged

products_

displays of their ranging from nuts and bolts to jet aircraft engines-and hun- dreds more are on the waiting list for

space in the exhibition

New York, July 14. Stocks got a fresh lift in hall

after which late dealings today

centre,

to

NOT-versels moved up from 310,580 World Cotton three sessions of uncertain visiting engineers, include ne

270,000 tons Lots and wegian-owned by about 248,000 tons to 5,731,830

tons but the U.S Beet showed on increase of only 21,000 tons to 7,280,078 tons en-tweight.

Panamanion

fing tonnage

German

tons to 1,007,112 and from 281,101 to 301,533 tons.

The proportion of stearn and itsel tomimge was relatively

with steamers unchanged

decreased from 3,501,620 tons counting for 51.5 per

HONGKONG STOCK EXCHANGE

the tobid. Veskin of 20

tut

~

cent

of

yenr

m older equalled 11 per cent of the total

wartime- built toege 32.3 per cent.

Tonnage CONATULANG for or

to de

Markets

up-and-down trading.

Hails. which took over leadership 031 Monday, CUTI- tinued 10 *1xrk The market New York, July 14.

when renewed demand ap- Colton priets today settled | peared near the cicee, ling back after a buoyant start lifted prices as much an 19 points in new crop deliverien tu sensanal | Union Paclße, 14 in Atlantic Highs.

Coast Line, 1% in Santa FC. nearly a point in Baltimore and

The rails closed in new high ground since Oct. 15, 1930,

I built continuece

At the close the list ruled upOhlo. ercare much - showed a further 1 to 8 points, The market opened doch di about two million off 12 to up 0 polots, New ters edmparat with January 1, Orleans closed unchanged to up 1954, the current figure

8 points. being 0,604,950 tons detulweight.

(From Our Correspondent) combined with the

the

90.

The new Shepheard's will | for building the new Shep-of the hotel which was destroy rise beside the fashionable | heard's. Semiramis Hotel overlooking the Nile and directly the river from the

ters of the

mund Council.

Its site is now a car park.

ed two and a half years ago.

For neurly two years, Mr J. Rensun, a Belgian who headquar-

and Manager of the Com- Director

Company, has been for the time when he could rebuild the hotel.

#

p

Revolution

nervss

$2

The old Shepheard's where the publle

125 showed strong Oriental influence, had 200

The

new

Noon

and the

report

in

the

hot

of the The facilities

ure freely available

enquiry service, a catalogue and technical library, and secretarial servletI.

Space is also available for small private exhibitions, ler- fures and flu showa.

World Rubber

Markets

Textile shares, long-neglected, were the featured group in the

Singapore, July 14. Concern over persistent industrials and Goodall-Sanford After being supported by In counse the

and dry weather Over big

the top issue when Burlington] short covering the market couriders that the world

total growing areas of the south, with mills offered to buy control of tended to sag Inter. There was large accompanying complaints of the company $20 share. Hitic trade or factory interest amount to be delivered during

stunted growth, wilting and

I ran up more than 4 points but again there was no definite two or three Business done on the Hong-the next

year shedding, sparked an overnight to a new high on henvy volume | selling pressure. kong Stock Exchange This must meetssarily herald a con- investment demand and covering which included 1wo blocks of

Hidcntis break-up of older und moralik amounted to $824,809.-less efficient vessels in view of

in later positions.

7,000 shares voch, and hold 3%

Future closings: Adjustments quotations

July of the gain at $174. Burlington No. 1 rubber per lb. the fact that *tme 3,000,000 delivery before its expiration Infirmed in active trading. Pacific July morning's transactions;

Loha deadweight is already the поол

shared pro-mills, which run

August sharply BHARES BUYERS SELLERS BALES | laid-up-Châm Mall Special. minence as a trading feature. when Burlington announced last

Seventy-nine delivery BANKS

JIK Bank

appeared, but the spot mouth that firm at $50 a share, backed Enat Ask

went off the board without down

points. INSURANCES

in Elsewhere

the between 33.89 and 34.03, closing Robbins Mullis gained 1 points. a point higher,

American Woollen 1 and open Trading volumes interest in the Exchange today were:

Linja planning

The encouragement which he had received from the Egyptian

Shep Government has been prompted

beard's will Incorporate zomo

by two considerations: one of these Oriental features bul

the acute shortage of hotel ac- moderno essentially it will be

the commodation in Cairo; and with other eleven-storey building

19 the ever increasing 220 rous.

nother of visitors attracted in Egypt

settled con- by more When

ditions and the drive of

11 energetic

national tourist or-

the

old Shepheard's was destroyed, it was estimated

to have a value of about 21- To speed up and en-

000

ganisation.

eputage the work of rebuild- The name of Shepheard's has

in raps appeared

1111

the ugly

Aru

countless books, created by the names in thehas been mentioned in travel- heart of the capital, the Egyp-e yarns, แล has

often tian Government gave grants Cropped up in after-dinner con- In and to those whose proper-versitlon. It was, and will be ties

again, more than a hotel. were destroyed,

an institution

con"

Egyptian Hotels Limited who own both the Semirais and Shepheard's received in the region of £800,000 pensation for the destruction of Shepheard's. *This

money, augmented by a loan from the Egyptian Government at a low rate of interest, will be

used

Indian Gift To Soviet Academy

the

London, July 14.

of

Menon,

accom

COLOURING

It is

Underwriters BHIPPING

-

1004 1703

100

40700

cos 870 0.20

his-

Waterboat... 10 20

10 E 86 500 no 6.30

300

1944

Asta. Nav DOCKS, ETC.

4.0215

K. Whari Duck

hour

New York Sugar particular incident. It

Market

This building had been

Princess palace

to belonging Zeinab, a daughter of Moham- mod Ali, and had been used as a school of languages.

The site also possessed toric associatione. It was there

New York, July 14. that General Kleber, Jeft in

Work No. 4 sugar futures command of the French Army

18.10 18 200 in.40 closed today 6 points higher to Provident (0) 12.00 after Napoleon's

500 12,506 points lower with ales return to

Shai Dock 1.00 Frutice, established his head- Witeelock

7.33 100013288 contracts, quarters. IL Wag

LAND, ETC from the shelter of a tree standing in the grounds that an assassin stabbed the French Commander,

Shepheard's Hotel remained in the hands of Samuel Shepheard writ|| 1801, when it was taken over by Mr Ph. Zech whose heirs rebuilt it entirely in 1891-

Modern Cairo was then only coming into existence. Foreigh ammunities were confined to a small quarter near the hotel. The entrance gates to this quar- ler were locked by night and the Government refused to pe- for the rept any responsibility safety of foreigners who remain-

ed outside after the gates were

AN OASIS

Its history is ne colourful as closed. the haleidoscopic crowds which thronged its spacious halls.

terrace and its

The original Shepherd's was established in 1841, 28 years before the Sucz

Shepheard's was an oasis to Canal was the traveller. upined. That Woo the your when the European powtri put

to the an end

After the rebuilding in 1891, war between the hotel was enlarged on four Mohammed Ali, the great Pasha ocensions, in 1899, 1904, 1909

and 1927.

of Egypt, and his overlord, the Turkish Sultan, and granted to the Mohammed All family the hereditary rights to the vice dated back to 1849 but were

royalty of Egypt.

to

The hotel visitors' books which

destroyed in the Are, contained the signatures of innumerable thous people of all nationail- Ales, heroes of the

Indian

...

HK Hotal... 9.10 9.20 3000 » D closed point higher to 1 point, May Jower with sales of 165 edh-July Oct. treels

Dec.

WIK Land

Shai Land..

Tram RT 10.30 0.00 200 10.30 acted to bilby the world cont

C. Light (0) 15 00

C. Light (N) 14,00

704-2 7016

up

No. rubber per it. July notices work it was buying control of No. 3 rubber per 1b.

September

moved

Open interest

Prices of cotton fullure closed Domestle futures were re-today as follows: latively quiet and Irregular on a

dealers

July No. rubber per 1h. July 65-0011 @po rubber unbaled Blanket crepe group, No. 1 pale crepe

Trading expanded sharply as prices moved up, with sales'fur the day totalling 2,520,000 shares, compared with 2,430,000 yesterday.

The New York Stock Ex

bond change

Vallumb $4,410,000,

Was

The American Stock Ex- Change volume was shares. Dow Jones

«Vergacs were:

007-2014

80-0715

United PreRS,

NEW YORK MARKET

New York, July 14. Rubber datures today closed 30 to 35 points lower with sales bf 32 contracts.

Prices eased with London on light tende between dealer in- terest.

In the spot market, brokers 480,000 reported "business at a mimium" closing with buyers and sellers looking wete on. Spot No. 1 quoted hominally at 24 cents à

310.44

R

1174 pound. Future closings:

Month

of July

Oct

Domestic No. 6 sugar futures

Dec.

Mar.

Volwor 1,000 23,500 27.000 23.200

20% 500

406.700

301,200

2000 1.05

7,000

300,200

10,000

135.000

Ag

740 Humphrey.. 18,00

2000 1 0.10 2000 0,20

300 to 50

4,100

42.300

700

5014

ani

UTILITIES

Technical teplárément dupink | Total

short covering following Tuesday's drop to seasonal low!

3,100

10,000

132,000

1,640,100 bales

NEW YORK PRICES

30 durlalu

Now York, July 14.

20 rails

Star Ferry 120 Yamali Ferry 147 140 200 140

10 100 4 16.00

tracts

13 tikites

59.01

Bept.

147.00

Dec.

40 benda

100 02

4070 A 10

13

ROD 15

mixed

trade between

Spot

July

35.50% expired

Comm. future price index

120.90

Mar.

-United Press,

May

July

430 13

and refiners,

Out.

Sept.

red i ha

Futuro. closings:

Dec.

..... 21

Elec 11

32 1100 út 3144

1300 33

Contract No. 4 (World)

Mar.

34.05-07

Bept.

3204.09

34.78

Oct.

3.050

34,50

27

GOO

20.90

33.70

700.

584 27

Mae.

310-11

33.70

Mor

3.10-11

..... 2112

1000

21

Jury

NEW ORLEANS PRICES

200 21.20 Contract No.

400 ** 21.35 | Sept

520

2006 21,40| Nov.

6,600

200 & 21

Mar.

5.47h

New Orleans, July 14. Prices of cotton futures closed today as follows:

May

3.400

July

8.60

Bpot.

6.6

Juty

1000 15.80

Nov

Spal-fcents per Tb. et NY

ex-duty)

8.70

United Press.

December March

May

Electate

Meno Telephone. INDUSTRIALS

Cement

STORES, ETC.

Dairy

Wates

23.30 10.00 17.10 (N) LCTMvford 23.201 COTTONS Textile

Corp 730 7.40 MISCELLANEOUS

Yangtze

0.70 Allied

500 ở 2110 | Spot-(ceriti per ib. Ioh Cuba) 504

3500 @ 3.615

NEW YORK WOOL TOPS

LONDON METAL

PRICES

London, July 14. market was quiet was steady. Prices sterling per long

The tin While lead closed today in ton as follows:

July

Tin; spot 107.4h 199.5a-mbh 201.ob 201.Ba Copper spot 201.3b 201.04 -nth

Land 201.0 nom. 100.ob 192.54

1080 Eind 187.36 195,05 196.00 194.ph 194.0A 192.16 193.02 199.0 nom. -asked "b-bid.United Pres. LONDON BIARKET

Dec.

In one of the hotel's bedrooms, Stanley wrote his book "The July Relief of Emin Pasha."

Mar May

Odl.

Spot

New York, July 4. In those days,

123 years ago, the

Wool tops closed today 4 to 23 journey from Europe "to India and

points her. Prices in cents the Far East took Mutiny, African explorers, and per lb. as follows: months, and travellers delighted globe-trotters of post days auch,

for Larry The Indian Ambassador in From Cairo, the journey to Suez Wisman, Teleki and Poters,

a while in Cairo, ne Stanley, Roosevelt, Major Moscow, Mr panied by officials of the Indian to board ship again was first Embassy, called today at the made by caravan. The develop- praesidiúm

USSR ment of trade between Europo the of Selences

and and the East brought an In- Academy

Belentide reasing number of travellers to Chief handed

Egypt. Secretary Academician Alexan- der Topchiev a gift presented by Indian scientists to their In those days, too, a lake cali- Soviet colleagues a valuable ed the Exbek occupied the site edition in several volumes con- of the present Ezbekleh Gardens taining the blography and some in the centre of the city. The works of Gandhi, according to name derived

Shepheard's management sald Tass, the Soviet news agency. Emir Ezbek, who was a thora of themselves some years ago:

in the side

of the Turkish "Hotele rise and fall, Some are Sultan Bayarld at the end of forgotten, others acquire un-Bee. famous for years and are then Sept. the 18th century and in whose

enviable reputations for ex- honour a mosque was built in the neighbourhood.

pensiveness, duliness or in- effèlent service.

In à brief speech, Mr Menon spoke of the growing rap procitment between the USSR and India. "We have the same gon," he said, "the preserva-

on of world peace."

from the heroic

The visitors' books also con- tained the names of royalty and men and women made famous: by birth, literature, finance and diplomacy.

London, July 142 Wool tops futures market closed today. very steady with a turnover of 42 lata. Prices ri penco per ib, were as follows: Fruly

110-1401% 140-14114|

Mar.

July

Dec

Jan.

"But the reputation, of Englishman, Samuel Shepheard,

It was near this lake that an Accepting the gift, Academi-first established

the hotel that hdpheard's is only enhanced by clan Topohler warmly thanked sill bears his name. The hotel the passing of time and the the Ambassador

for the token was in a small house and was

future opens up a prospect of of friendship, and expressed his used by travellers to the East, the addillon of mill confidence that this net would It was then called the atve, Bris interesting pages to its fascinate further promoto the friendly fish, Hotel Later, it became ing history of over 100 eventful

and understanding be Shepheard's British Holl

tween the two peoples.

Acadmician Anna Pankratova,

correspaiding member of the

Academy of Balenoes, Alixandor Caber and

SUCCESS

!!

yours."

moru

Their statement soethe: soIDA- how prophetic. The old Shop- beard's fell in dames and billowing anoke. - A new one 18,

other Bover The microns of the venture ringethe Piture, often, SDE

resentiáth took pake. In thứ kês- was immediato and in the same

prospect of more | Intermit

suing conversation, the agency year, Shepherd, moved to a page being added in its history. other, langer house on the site

china, Mall Special,

13744

London Foreign

Exchange

October

July October December

CHICAGO GRAIN MARKET

24.351

34.70-78

34.90b

15.000

25.100

United Preka,

LONDON MARKET

London, July 14.

The rubber market was alight-` Chiengo, July 14. ly easier with spot quoted at

lack of 20-18/10 pence per lb. Pricent

2012-21

Warm weather and

grain

belt

olature throughout most of the No. 1. Res spot

Settlement house tenn: stlinulated buying

Agat on the Board of Trade today, September and most futures turneď firm. Oct./Dec. Jan/Mar. Dealers

particularly Apr Juno

General markets, clt basia, ports: concerned over possible heavy July 34.63-4 damage to earn and saybtanɛ. Augut

September

state crepo Vilck Estale crope thin

34.30

34.43b

34.70-00 34.470

53,00 23.7X

LIVERPOOL MARKET

Liverpool, July 14, Closing prices, American mid- dling cotton 15/16 inch, were in penco per lb. as follows:

Dec/Jmm

Oot Nov.

32.00

buyers sellers

31.00

760 ,7.30

Mar/Apr.

31.07

7515

74915

May/June

31.01

2307

23011

July/Aug.

31.71

23714

DO

#017

SAO TAULO PRICES

77%

TZELS

17%

Sao Paulo, July 14. Prices of cation futures closed today in cruzeiros per kilo as

follows:

1.70 23.00 23.00 24.00 25.00

NEW YORK FUTURES

New York, July 14.. Prices of metal futures, todny closed in conts per lb. a follows:

Load July'

AUR Tin July Aug. Zino July

Copper July

Aug.

**3niled

13.500

1337b

10.340

MAY July

KARACHI MARKET):{ Karachi, July 14. The market was fully itendy 30.000 with small scale buying for 4-F and 289-Fsaw-ginned on United Kingdom and France accounts,

Prices closed today in rupees per maund as follows:

Brisk Trade With Tibet

Cricutin's Cinetown is doing

Calcutta, July)18.

a brink,trude -exporting · boots

על

were

New crop bean futurés also were helped by reports of fur- ther foreign demand, in addi» tion to the total of 3,000 tons of soft red wheat and beans.

United Press. AMSTERDAM MARKET

Amsterdam, July 14. Traders received reports today The rubber market was castér, that the wheat harvest is nearly | Prices_closed today in guilders completed in Illinois. Grain men per kilogram, CIF, Aug. Us cold it is becoming more ap- follows: parent that the bulk of red wheat grown in the mid-west may eventually be placed under the Government loan.

Wheat closed up '3⁄41⁄2 to off i1⁄2 cent; soybeans of 3% 3% cents.

to up

was

AL Winnipeg, wheat priced at 182% cents a bushel for No. 3 Northern, and for No. 5. It was at 150% cerita — United PressDNA.

CHICAGO PRICES

(Chiengo, July 14. Prices per bushet in unis:

Closing Prices

Wheat, No. 2, red

Spot

July 2041211) 20111⁄2¶) Sept.

Dec.

Mar

May

Corn, No. 2, yellow;

4-5.Punjab roller-ghrined din GER 18:INT Bind, roller-ginned. S9-730 fjad, :saw-@innou

Bpot

July

Bepe

Dec...

289-NT Punjab, sw.glaned

MDT.

United: Press, '- Nye

July

Sept.

UNIA

July

Sept.

Now York, July 14.

| and Chinese Adélienciós to the NY Cottonseed Oil

Communist' fordes now.stationel

Kathalien comiciottonseed, ollifuturze, cloned About 100,000 pairs of bogle toy in cents per ib. as follows:

in Tibet.

and; shows; mostly made, he tho

angbaipemakers) among tho

50% Chinèse résident : here,

the past

dour

No. 1 rubber

No. 7 rubber

No. 3 rubber No. 1 Crepe

21.00 buyers

-United Prens.

New York Foreign Exchange

Canada England meldi

New York.

unofficial

Belgium Bwitzerland

Other were

future

NY-CANADIAN DOLLAR RATE

New York, h:14

103-28/336= 1,07-15/30R

•Name.....

Jow

Tuturo: 30-day 1/18 dowen

10-day

1/6 down A SIM 3/4 down Market fonot stondy, bozuyue sola116# -

[Dráhou PAGAR.

Exchange Rates

· Bunziona - was done in the

Indonesian Stam, tiesi

Singapore

Indo-China planting Uper.