1954-08-05 — Page 9

“THE CHINA MAIL, THURSDAY, AUGUST 5, 1954.

Mr Antony Hend, the British Secretary of State for War, led the British delegation of six at a meeting on the Canal Zotte with Colonel Nasser, the Kryptari Prime Minister, and l colleagues of the Egyptian leum. The wertig was held at the rest house beside the Cheops Pyramid of Giza-where the previous talks came to an end in October last year. This picture shown Mr Antony Head belng greeted by Premier Nasser with on the right Major Balem at the opening of the Canal Zone talks-Express Photo.

They Make Motor Cars Where Shakespeare Roamed As A Boy

From C. V. Ford

The English countryside over which William Shakespeare roamed as a boy is exactly that which the British motor car manufacturers regard as their own home ground.

Strafford-upon-Avon, where the great poet and playwright lived and moved, where he courted and married Anne Hathaway, is a town that retains to this day many of its original buildings, including Shakespeare's birthplace and Anne Hathaway's home where she lived before they married.

It is visited by thousands of tourists every year, many of them travelling through Britain in cars which were made only a few miles away, in the modern factories of Coventry and Birmingham. Here are produced the major proportion of all British motor vehicles, of which the output this year may reach the total of a round million, so great has the demand for them become from every quarter of the world.

Our

single Engleh etants' rider to assume a precarious; maite British cars have travel- contains all three of the towns, pereh nearly two metres above led far and wide, seeking to that have just been mentioned,

find out from the ground.

their customers and friends in every country if their products

bo made salia-

Warwickshire is that county, in the whole the most ceatral neuntry.

Lenowned throughtau

and

whose

the centuries for its big trees its wealth of reen leaves. It is a count

land- and has little changed. scape has Charlecot Pirk, near Stafford, where the youthful Shakespeare. Is said to have been arrested far deer stealing,

must

very much today us it did

his 10th century.

Look

in

by

The safety cycle-made the Rover Company-abolished the big wheel, substituting for geared-up sprocket and chain drive, and set a fashion to the world which has been followed ever since

It a

Jogunt.

that

even

merc

con

arc

1-

TRADE

-- "** Page 9

COMMERCE SECTION

"ON VUELISTER JER Juugaale,

Next Fifty Years Britain Underlines

Will Prove Oil Age

London, Aug. 4.

Despite talk that the atomic age is just around the corner, the next fifty years will prove the real "age of oil." That, anyhow, is the view of a leading oil industry chief.

World consumption-already more than 650 million tons annually-is likely to reach two-and- a-half times this level within twenty-five years, he predicts. And the cash needed to finance the international oil Industry's operations will probably run to around £2,000 million a year for the next twenty years.

illustrate

These Agures

the expanded refineries, the build- world's Roaring demand for oiling of giant new pipelines, and even now twice that of fifteen the provision of mare and more

tanker tonnago.

years ago.

To ensure that supply always | keeps jim that little bit uhead |

had to pour vast sums of money

into such varied projects as the estabilaliment of fresh oilfields, The construetlan of additional or

World Cotton

Markets

w

Even the world's red of

Indo-China Rubber Exports

Park, Aug. 4. Indo-Cblorar rubber ex- perid through the port of Salgon totulleg 32,800 tons In the first 'haif' of this year compared with 27.586 for the corresponding period 1953.

Shipments to Prance do- clined sharply to 5,284 tons from over 10,000 but ex- poris to the United States rose to 15,255 tons from 7,305.

The lower shipments

the

through Saigon were partly attributed fact that dtreat loadings Witc now being

made through the river port of Pnom Penh.-Reuter.

HONGKONG STOCK EXCHANGE

Commonwealth Financial Links

Geneva, Aug. 42

Britain's financial links with the Common-

i wealth were underlined at the 18-nation Economic and Social Council of United Nations meeting in Geneva.

1

Sir

Alec Randall, British delegate, while discussing д proposal for increased funds for

alding under-developed NEW YORK

coun

tries, told the council: "Thore are great countries and territories to which Britain is closely bound by sentiment and tradition and to which

able de We have an inescap-

made

Andi

lungs approved under the

Colonial

STOCK MARKET

New York, Aug. 4. Profit-taking

put

He

Bat Britain available Tau year £120 midion 'In grants and loans to Cam-:

monwealth development.

This figure, he explained, luchužed

18 milion of grants

the stock market into a hectic Development and 80-minute selling wave in Welfare Acts: capital commit- the forenoon today but the menta of E*% authorised through the Colonial lifted prices to new quarter- Industrials, which have Development Corporation. and

£23 million rolsed Colonini governments London market.

million

OTHER GOVERNMENTS

meut:

the

by century highs, held firm.

Aircraft stocks continued to stand out sharply as, market Jenders.

The selling hit in the second Other Commonwealth govern. hour forcing lekers to run late raised £20 million tn for a portort of 30 minutes with the London market. Britain quotations falling as much as also made £5 million available four mimtes

behind floor (From Our Correspondent) to India by releasing sterling transnctions.

and

Stock

SILANKA BUYERS SELLERS SALES

at demand, the Industry has mechenical energy - which is in reasing on overage at a rate of about 3 per cent per year- does not fully represent the world's growing demand for petroleum products. Since 1948. this demand has risen at an (average annual rate of appro-

to the International Bank Business done on the Hong-10 million as a credit ximately 8 per cent. And sull

for kotig maximum consumption has no-morning amounted to $73,777.20

Exchange this ievalopment In Pakistan. where near been approached.

addition to those Noon

£120 quotations and the million a further £10 million was made available for the economic and social develop ment of other countries."

Sir Alee Randal! tald the 3105 Counell that it would only be 60

really substantial 20 i 1983 when

sources became available that the

British

government would feel justified in launching qui in fresh venture. "For moment we find it difficult how envisago

sumeleni re~ sources could beconic available except through world wide dis- Armament under supervision."

On the contrary, The time moralag's transactions: teems within sight When the world will demand Ground fifteen hundred million tons of BANKS finished petroleum products every year.

New York, Aug. 4. Cotton futures were narrow and mixed

dealings in slow 10day.

Prices ruled 3 points higher to 2 points lower at the close. The market

opened

0 1 to points higher. New Orleans closed 3 points higher.

At the start, prices steadied

en reports of hat weather over most of the growing areas.

The market continued to re- Beet uncertainties over the weather and farm price sup- port legislation. There has been a noted increase in hedge this week, and this type of sell- ing is expected to increase over the near future,

KARACHI MARKET

thoroughly

Karachi, Aug. 4. The factory and serviceable.

market rates were steadily maintained but outside That their efforts

demand was still absout. warded is evident from the fact

It was

reported that

crop that world demand rises eon-conditions improved as a re-

One rult of rains. tinually

Prices closed to- to fresh peaks. secret of the resounding successday in

per maund as

of.

tu example. the Land- Then, when the melor esinÜ Hover, is that it is, in the Bri-

sh into being. I was logical

with tradition, bulit in The parish its fiest home in England should records

For this margin of safety. reason al Crventry and

you will not and It +hurch near the river eutain be a work!

be excessively light in construe- produrra! there now are entry of his birth

and

mony makes -- Hamer, famous aptism in 1504. It is air fu

bon-nor unduly weighty, Like

--1 lis Standardl among So many other products of the casume that he visited Coventry.

them-Coventry

in Inet wat British motor inckistry, in his Uhow, Fur

it was even

selected entirely for the reason city Importance, slected then

food of

balance in that and already an unclent one. In that the bicycle built

down 10 # weaving city was acknowledged Strakespeare's

day,

the best

175 the world; would be

the prinetpui

of skilled Inbour Indeed, supply dustry; the city wos, celebrated

"It is better to be safe than One cloth, aiready there and, as the motor for its

of sorry" is a national enying of many produet of the many looms, the industry expanded,

works

further the British, spread

for so easily can industrious citizens operated in these

afteld. their own houses,

that important margin of safety of which

It 19 Thus it is that, "behind the car be eliminated-ond many main to this day.

today The three spires of Coventry's which

out from customer who KOCA

will suffer that event. Coventry and Birmingham and churches,

which rgest

the other cities and towns of high into the sky.

rise

List have

the

born just as much a symbol, a "trade mark,"

rupees

C#

follows: 4.Find. rellor-ginned 280-FX7.

Hind,

roller-ginned 74-0 waw-alined 78 209-FNT, Punjab, Fuller-und 70-8 www.ginned 70-B

NEW YORK PRICES

New York, Aug. 4. Prices of cotton futures ebed today as fullowe

Spot

maintains

Oct.

between cutting

Tee.

to be

risky minimum end buliding on

Mar

May

the

WIR

a ton heavy scale.

Juls

Oel

Bre

the in

4

sturdi-

Allied with inherent Britain where motor factorica ness is the high standard of like Oxford, Dagenham. workmanship and finish, the at- cloth exist

lies a trodi- tention to detail and the general In and Luton there. in the Lional background of specialised atmosphere

of quality which accompanies the Britih made In car. You

be proud "That little more; possess it,

of old as they are these modern times motorist who desires

of engineering skili. a car

high quality and great refine- nient.

As the years passed,

producla of Coventry

Possibly, too, It accounts some measure for the fact that

can

፡ ነhe writings of Shakespeare how much it is."

contain passages

of a nature

which bespeaks some knowledge

so the changed

of things mechanical,

long

with

in nature. The next industry to

follow weaving was the making motion has most

the

:

But, be that as it may,

association of Coventry wheels and rods and certainly in- skilful fluenc: the development of the craftsmanship which had been British motor car along lines operallon of the that make it appeal strongly to look

of watches,

for

fostered by the

looms

the

ongendered in the people the motorist who Coventry a mentally attuned beneath the surface. to the understanding of things

with a mechanical flavour.

was thus natural that,

when of timepieces

br- toplent matter, the 'men

En

The sturdy, practical bulld of

finements

the British

engineer excols at

American

Heat

Wave

No Exemption

For Silk

Scarves

Washington, Aug. 4. The House Interstate and Far- pign Commerce Committee voted today to eliminate # Sonate- passed exemption for silk scarves before

approving a bill modifying the Flammable Fabric Act of 1953.

The Commitee ordered the bill

reported to the House Bauri after making several changes in the Senato invasture.

Was

the

1 Bank XD 1695 1070

INSURANCES

ปกโลก ...

Underwriters

SHIPPING

Waterbeat

י זזית

712

20

00

1870

DOCKS, ETC.

K. Wharf Dock. 10.30 1035 500 18.30 Provideot (0) 12.00 12.05 Wheelock 1.40 100 3800 a 7.45

LAND. ETC.

1000474

1000 1.30 -4600 # 716

IIK Hotel... 101, 10 50 1000 « 10

HK Land ... 0015 0145

Shái Lan, 1.45 1.00 Humphreys, 1019

food or 10,40

000 £0.70)

300 a 10.00

1700 & 10%

2000 a

1000 10.00

re-

the

While the volume in the period was to heavy, it was exceeded. both in the first and third hours when prices were on the way up. Total turnover amounted to 3,629,000 shares, heaviest day rinco January 17, 1051, following an increase in margin require ments,

ro-

Financial quarters saw in the eling only a normal correction after days of rising prices, and pointed to the substantial

an indication of the covery as market's barle strength, to

Out of a total 1,222 rues truded, 477 cloned higher, 488 lower with 146 new highs act, enly two now lows. international

Final Enina in the why, ranged to more than 4 points in

Chance Vought (established

recently as a separate corpora- tion in a spin-off from United

World Rubber Aircraft) which responded to a

Markets

Singaporo, Aug. 4.

good earnings report.

Glena

Mantin and Boeing were the day's most actively- traded jesties,

Motor alecks met Inte heavy demand.

Steel

stacks,

There was very little interest favoured, were hard hit in the recently-

2100

10.70

Reaty

Tram Xts Ator Feres

2.12 220 250 5 9.10.

.

khown

10.00

132

Yhumani

PUITY

UTILITIES

as

by either trado ок

AL

Lower

20309100 factories and prices soured in realising but pared losses before

the market today.

the close.

Now York Stoelt Ex- The level, however, there was mune 147 149 1143

change

bond volume. ... ANA C. Light (0) 10.00-10.30 1000 evering. Future closings:

$3,850,000. No. 1 rubber por th. Aug. 692-6!

The American Rep. 804-44

Oct. 44-50% change volume No. 2 rubber per . Aug, 0-14 No. 3 No. 4

23.20 500 or 26

¦ Spot rubbed unbaled

No

inket re

Stock Ex- WOR 700,000

DOW JONES AVERAGES).

475-675%

shares.

071-642

A3-01

New York, Aug. 4. Dow Jance closing 'overages,

version

It

... 4330,20 considered likely would be brought up for House

C. Light (NJ 13,20 13,40 1906 - 19.36 Freiric

34 2009 « action la this week

Matao or next

Elec. Tropoje before Anal adjownment.

INDUSTRIALS The House-approved bili

Cement lowers

the burning

Rope time on

STORES. ETC. fabrics from four saconds to

DAITY three and a half seconds but re-

Waterm other modineation originally preposed that hylded COTTONS

Fwo under testing

nermol Texul Corp 703 7.15 1000 p 7.10 10 to 10 points tower with sales, 20 rails humidity rather than under dry MISCELLANEOUS

of 40 contracts. Dealers laboratory conditions.

porlett: ezma: bushess has been dong in distant months. Future Com future pleited. Frees closings:

mayes the

33.250 31201-23

Jo:

24/3

34.3b.co

34.67

34.60

33.03

NEW ORLEANS PRICES

New Orleans, Aug. 4. Prices of coiton futures closed today as follows;

The Senate bill contained u section which had been request- ed in behalf of Japan

to CX- cludo scarves from the category of wearing apparel involved in the bill. This would have allowed the importation of many

silk Japanese

scarycs which cannot pass the Bammability

2143.30) 2500 + 29.30 14.70 10 339 6 10 24

36,10 24.30

500 a 16

60 26.20 110

1.00

ante, crops NEW YORK MARKET

on Wall Street today, were an New York, Aug, 4. - follows:- Rubber fitues Jeday dorado industrinis

Yangtze

5.20 5.90 Allied. 1.975 4.05

Sept.

CHICAGO GRAIN

Dec.

Mar

MARKET

Biny

July

Sept.

Chicago, Aug. 4. Bidding was mixing in grain futures on the Board of Trade today.

The House committee, how ever, removed the section be- Wheat maintained a strong

reflecting I tone, however,

Spot

34.18

Ort.

14,30

Dec.

Mar

May

34.13-84 34.71

test.

July Oct.

Dec.

34.62-53

33.036

to

LIVERPOOL MARKET

Liverpool, Aug. 4. Closing prices, American middling cotton, 15/10 inch, in pence per lb., were as follows! Oct/Nov.

fore approving the bill.

31.90

Dec/Jan.

May/June

July/Aug.

Mar/Apr.

LONDON MARKET

ra

13 utilities B3 stoolsa 40 brescia

London, Aug. 4. The rubber market was easier but quiet. No. 1 Rss spot was

down of a penny to 20-3/16 the pence per lb. Prices were:

Septemb Oct./Dec. Jon/Mar.

2016-201 2010-2014 2016-2014 2012-2012

*་

31076-

101.33

New York Sugar Market

New York Aug. 4. World No. 4 sugar futures to- day closed unchanged to I point

lower with sales of 344 contracts. Domestic No. 0 sugar sutures closed 4 points lower to 8 pointa higher with sales of 908 con tracts.

passed by the House in its pre-higher, trend al Minneapolis No. 1 Rea apot 2015-2016 sent form, the bill will have to where a pessimistic private crap Settlement leduce term:"

boosted bidding fo to a committee composed of estimate

much as 3 conta i bushol. members of both House and Senate who will work out, the The Government exilmaled Apr./June 3138 differences in the Senate and spring wheat production at 230 General anerkeis, eit harde, portet brought about by the renewed ar. House versions of the bill.million bushels, and the harvest Au

14 United Press. 3132

Omcial prices for spot cations were all unchanged.

SAO PAULO MARKET

Sao Paulo, Aur

Cotton futures closing prices, Į· :

In cruzeiros per kilogram were

Chicago, Aug. 4. Temperatures climbed buck past the 100 degrees Fahrenheit mark in the Central and Scuthern plains, extending the ordeal of America's holtest Fotton summer in years.

24.10

year ago amounted to 294 Sept. Oct. million bushels.

Pressure

on soybeans futuras resulted after weather forecasts

New York Metal premised continued ceol fem-

***

Futures

28.1/10-20.3/18

The selling by futures was

20.1/10-203/19 cusiness in row sugas markets. 20.1/16-30,3/15 Most of today's increased volume

rcruited from switches.

2416

· Estate crepe this

AMSTERDAM MARKET

Amsterdam, Aug. 47 The rubber peratures, and more minfall in

market WAS the main growing areas,.

caster. Prices closed today in Wheat closed up 2

to 3% zuilders per idlogram, CIF Aug. cents; soybeans off to as follows:

No. 1 ribber cents,

No.12-rubber "AL" Winnipeg, myleat Was No rubber #p:iezd at: 1021⁄4 eenta; No. 5 No. 1 pripe 13455 Northern wheat, was quoted at 1233p 1604 cents.

New York, Aug. 4. 23 20 Prices of metal futuras today 2030 closed in

26.00

Lead

so follows: October December March May

(In the

follows: United States, - the average price of 18/10 midriling

at 10 designated spot| Tin markets was 34.34 centeo pound Zine Aug Bales at these centres folalled

'Sept. Copper Aug. The unending heat wave dig | 12,107 bales).----United Press.

·Bepf. and not stretch into the north

the and

the making of come a of this city of the three spires the Morris Minor, the graceful should be found specially adopt, lines of the Jaguar, the ex- to have an inbred ability to ne cellance of the Rolls Royce, are parts together so that they no merc accident--nor, for

* east, where it was cool and often would go round with a minimum instance, aro the many re- of friction.

which

ratny. A storm- with

off the New the 'When the. hand-made watch | Humber is endowed. Just as the cast states with foody::' rains ;

England cost palled "north- was a prized possession of

forecasters warned a nobility end gentry, it was from building of bridges that will "major storm control would hit Coventry that most of them sland every stress and strain the mid-west by tonight.

throughout the years,

of ships The fact that coal and iron that are unsurpassed for their But in the heat belt the mer are mined in the neighbourhood

so constructors foury went British cars throughout their Kensis, and 107) fugchy, 45% 108 of tuneli, importance

bicycles W

wide

price range from the Kansas was 105 at both caught the fancy of the public, luxury to the family cars of North Platte Nebraska, and. Lo and the mechanical attributes Austin, Standard, Ford, Morris, Junta,

came

of the city caused it to grow in orthiness,

when

wara

further

and Hillman hava, 103.ht Vauxhall

Beef Prices

Lifted

Rio de Janeiro, Aur, 4, The government prica fixing] gonor gifted beef prices both on the hear and to the cons

108 from stookaralsors and Dikken „idt.dafilor most i

developed. To one of-thom was agrened into their product air is yesterday and sumer, diving inju7kpresíute.

of the citizens.

dus, the invention: of the pro- those, humorous, fenluran which 100 mA PANGAMainpillu tisa. DNEVER LINK!

Texas rain, monitored. 3.

Beef on the hoor

prices wont tip, about?

#Uned: ProES,

sent true of bicycle, known then one on fire euelly the Buty Fotton / per pist and ratall bulcher as the "mtoly evalo to, die reliablilty and long fingulah it from the high sheal their quest for perfection, carding the para "prdinary" which: derond the these people who

Aut. Sept. Auri Sept.

cents

per lb.

*

CHICAGO PRICES

Chiengo, Aug. 4. ›Prices per bushel' in cents:-

P100B

9.09b

10266

29.45b

20.000

-United Prev. LONDON METAL PRICES

Closing Prices

Wheat, Mo.. 2, red

Apst

Bent.

| 2003L(II) = 30T(L)

Dec

me.

No. 3, yellow

London, Aug. 4.. Price of metal closed today in sterlig por long von as follows buyers, sellers

Copper spot

month

Load

Zing LAUK.

The demand for reined sugar remains mostly for immediate needy,, marketi, men said,

Future closings:

Contrari, No. 4 (world) September

100 buyers | Jonery 1.09

October

March

May

July

-United Press

Spot (cepts per lb. fob Cuba) Open interest; 3,850 contrai

Contrast Ng. 6.

NEW YORK WOOL Setemb

TOPS

New York, Aug. 4. Wool tops closed today un- chonged to 6 points higher Prices in cents per 1b. were: Oct.

(2039 traded d

209,7 nom,

200.0

303.Pa

1974

November Mari BAY

Ful

September

November

potente per, P-chits); Open Interest) United Prem.

U.S. Best] Customjer

For

months in luuleg state" was Malaya's best custorier for

NEW YORK COFIZE FUTURES | rubber, purchasing 13,593 tong

A New York. Aug 11,088 tona fax(@qabrlogesindek In June against: Gront Britain's

Santos

elősed today lower with miles of 214 comrncima Belting too big

4. United

ortho sn : half of the goir

to pointa

States o

The totale: exports o

In Jung