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(40)
THE CHINA MAIL, THURSDAY, SEPTEMBER 2, 1954.
M109 C MASS CORN RI
WASHINGTONI
EZE TO DE FINISHED NYSE
FUMPING STATIONS
| FINISHED
NEWKOWIE AMÉ
FLA
JAN ANTONIO HOUSTONÍ
GULF COAST NATURAI
DAS FIELDS AREA
WAL NudesENZIJË
Two Great Pipelines Will Change The
Natural Gas Picture
By WARREN BENNETT (AP Newsfeatures Writer)
Two new major pipelines soon will be carrying natural gas thousands of miles across country to meet the expanding needs of indus- trial and home use.
One, in Canada, scheduled for completion a year from now, will be the world's longest-2,240 miles. It is being laid across southern Canada from Alberta's rich fields to Toronto, Ottawa, Montreal, Quebec and other important industrial centres.
It will be 1,000 miles bonuper { than the Big Inch pipeline which
New serves the paillan area with
Helds
York metro-
Kas from ui!
༄
around Longview, Tex.
and it will be 200 miles longer
than the Little Inch which takes |
Texas gas from the Houston felds all the
Fachusetts.
た way
Mar.
The other new pipeline the
Gulf Interstate which will de-
liver natural ges 1,150 miles from
concentration
tr
the Louisiana bayou fields to the Industrial Kentucky and Company
West Virginia. officials say the loc
The Kaiser's Luxury
Rot
Ports
TRADE
COMMERCE SECTION
C'WEALTH TALKS Sydney Wool
ON NEXT
GATT
MONTH
London, Sept. 1. -
Senior British Commonwealth officials will begin private talks here on October 5 to review their countries' respective policies towards the General Agreement on Tariffs and Trade (GATT), according to authoritative sources here.
World
Cotton
Markets
New York, Sept. 1. Colton futures today inched upward after a hesitant stort with nearby deliveries going to new taronal highs,
The meeting, expected to inst for about a week, will enable them to prepare for the ninth full ression of the 84. GATT nations beginning in Geneva on October 28, Countries to be ro- presented at the October die- cussions bere are expected to bo: Britain, Canada, Australia, New Zealand, South Africa, India, Pakistan and Ceylon.
Some of the Commonwealth
Sales
Sydney, Sept, 1. Wool at the sales tp- day, remained unchanged niška proviotus
days
levels except for broader and burry types of bath Bleece wools and ... skirtings which were from two and a half per cent to five per cent
lower. Comebacks
and crossbreds were firm.
United Press,
American Aid For French Rubber Firm
Washington, Sept. 1.
Officials announced that United States technical aid valued at $465,000 will be furnished to help a French firm produce the raw material for
HONGKONG synthetic rubber resins and plastics at a new
STOCK
factory in Mazingarbe, northern France.
They said this plant will help France save foreign exchange to be used for other materials it does not produce domestically, and will be
EXCHANGE useful in French defence and civilian production.
the
quotations and of | morning'a transactions;
SHARES DUYERS SELLERS BALES
DANKS
UK Bank East Asia
1213
(From Our Correspondent) Burlness done on the Hot Finance Ministers or their rekong Stock Exchange this presentatives are expected to morning amounted to $818,336.50 hold informal talks on the prob. Noon Activity, developed in spurts, lem of the starling area, with buyers impressed by an which Britain is the banker, in overnight abatement In nodge Washington before the annual selling on diminished Hquida-sessions of the World Bank and tion.
the International Monetary Fund beginning on September INSURANCES Expert thought
market 24. "was getting primest" for a fower
Government стор Meanwhile, British estimate next week, and being Japanese officials are expected BHIPPING influenced by predictions of to meet here early next month textile industry tenders for a to review the progress of the
Angio-Japanese sterling ments agreement of January 20, 1954. Article nine of the agree
the
Improve-
substantial business ment in the near future.
a
Union Lombard and Underwriter 7,90
pay-
Private crop reports suggested | ment stipulates that it will end, sharp drop in the condition unless both parties agree to the figure during August, with in- contrary, on December 31, 1954,
dications that the forthcoming-China Mall Special. private crop surveys 3.2 pl is show a material drop com- pared with the Government August Agure for 12,080,000 boles.
Trading volumes Interests
and open
in the Exchange to-
Volume Open interest
15,000 224.100
day
were:
Month
Dec
12,200 600,100
Mar
22,000
308,000
May
10,500
403,000
July
0,700
209,700
Ort
5,400
64.200
De
7,200
Tokel
39),100 105,700 2,20,000 bales
NEW YORK
Prices of futures closed as follows:
In
Yachts
French
Paris, Sept. 1.
of
in
March July
October Descruber
port au-
Two luxury yachts, formerly the pride will be to operation carly this Kaiser Wilhelm II, are today lying rotting
French ports.
autumn, well before the Nov. 1 target date.
FIRST COMPANY
tult Interstate
company
个 build
is the Arsl major #1
pipeline system for transmikstun
of gas by another eompany. Its functu
tu Transport
owned by United Fuel Gas Co.. a subsidiary of the Columbia Gas System, Inc.
The line consists of 850 miles
com-
of 30-inch pipe from Rayne, La., to Leach in Boyd County. Ky. Five
8.000-horsepower pressor stations are almost com- pleted. Some pipe is still being laid in the 300 miles of lateral and gathering lines in southern Louisiana.
Pipe
The 7,475-ton Corsica, seized by the thorities when the present owners failed to pay har bour dues, is rusting at Casablanca, Morocco, a help. less hulk. The crew of this ship, in which the Kaiser's guests once dined off silver plate,
were reduced begging to feed themselves.
built as a reving
At Villefranche-sur-Mer.
jun engineer keeping an eye on her. the French Riviera, TIPS the The engineer, Antonio Semini, of dilapidated Da-ton Ingeborg. Genna, declares that the ship yacht for the rould be made seaworthy again Kotser and later owned by the with only five days' work on her Nazi leader, Hermann Goering. Loulers. She has a She
caretakerew two. Iwo.
ship The Corsica, 100 metres (325 fret) long, was
bel in Hampor burg
and
enlle Waheme. Its saloons were led
markle and
wit
in: 1915
guests sat The Canadian project, which round on perlod furniture 41 will east 300 million dollars was mumptuous parties River
41 made possible by merger of two | board.
After companies Trans-Canada
World War I. the -Lines, Lid,
and Western Pipe Wahome was sold. She changed Linei. They were brought to her name several times and gether
Trade Failed on by
the Cherbourg-New Minister C. W. Howe after the York and the Greece-Austrafin Alberta
Canada's
stipulated routes. government
It would releges natural gas for
sale outside the province only
if the two competing carrier
PILGRIM CHARTER The once-proud vessel's de- cline became
11
downfall
companies agreed to make it a 1952. Now called the Corsica joint enterprise.
QUEBEC EXTENTION
the was
Spot
October
December
May
World Rubber
Markets
Singapore, Sept. 1.
-
The factory will produce styreno moromer. The French firm which will build it is La Socicle Boulleres-Pechincy Pragil (HPP). The technical alde will be furnished by the Koopers of Pittsburgh. Company Pennsylvania, which manufc- fures a wide range of coal tar, chemien, wood preserving, coke jund gas and metal products.
The FOA will guarantee the Koopers Company the return of its investment in France,
NEW YORK
STOCK
MARKET
New York, Sept. 1,
Stocks recovered nearly
Commenting on the transac-half of yesterday's $2,000,-
000 912.50
01
1000 B
tions, omelala said in part:
100 20.50
10
300 vr 2
1.70 7.83 1000 w
2000 w
3.00
21.00
000,000 loss in a quiet sea-
Many lenders were up a point
more within
n few special responding to specint Jumped
watercont 20.40
"Arrangements for the manu-sion today. DOCKS, ETC.
incture of styrene monomer K. Whart Dock
France will benet that country Provident (0) 14.30 34.20 1500 14.20 substantially. It ig expected for Wheclock
7.75 that HPP will be able to pro-issues,
duco 10,000 to 14.000 meiric news, LAND. ETC.
tons a year for such synthetic Issues auch
more widely JFK Hotel ..11.20 500 1120 rubber, various plastles, low-
Ingersoll-Rand, up 10% polis to $132 on o IK Land .. 0011 01 433 4
pressure Jaminates and resins
three-for-one used
stock spilt pro- the manufacture of .10.20 19
posal. Humphreys
synthetic paints and enamels." -United Press, ....2.107.1214 3000
Realty
UTILITIES
Train
2000
19 10.20
Yaumau Ferry 154 100
100
Light (0) 15.90
C. Light (N 12.90 Electric XD
000
Telephone
27
..... 27.88
20
500
The market was on a slightly INDUSTRIALS
better tone today. There was only little trade support and pellers Inclined to be reserved. Future closings were:
No. 1 rubber per lb Sept. 073-079
Oct. 07-07 Nov, unquoted No 2 subbo par ib.. Sept. 074-673 No.5
No. 4. Apot rubber unbaled 340m
Na. I pale crepe
34.49
Dlanket crePF
34.79 35.13-14
I
34.80 34,81
NEW ORLEANS
Prices of futures closed as follows:
34.25
34.60-31
34.80 35.16
33.32-33
AMSTERDAM
8712-07
044-331
18-70
Futures closed 5 to 20 points with sales of 14 con-
higher tracts.
Th: small futures trad: featured some switching opera- tions between dealers.
The spot market was atendier in tone at 24 cents for No. 1 Rss. Future closings were:
Cemeal
Dairy
23 1700 23
Chicago Grain Market
L
Chicago, Sept. Wheat futures shot up on the Board of Trade today following STORES, ETC.
... 24.00 Wotion 13.10 18.20 2300 or 10.is an advance of more than 2 cents ¡N) 17.10 1040 37.10 a bushel for September wheat L. Crawford 2341 200 23.70 contract at Minneapolis.
CUTTONS
Brokers said selling of wheat was light at Minneapolis, with most of the arrivals going into 4.19 storage for Government, loan.,
Texule Corp. 104 – 2120 0 1.00 MISCELLANEOUS
Yangtze ... 5.80 3.95 Allied
4.10 4.15 050
Substitutes
to
Spot
October December March May July October December
39.33 34.87-63 34.89
Sept.
Dec.
23.00
Mar.
23,90
LIVERPOOL
May
24.00
July
24.05
Бер estion prices, American mid- But the future of the Kaiser'sdling 15/10 inch, in pesce per
the Casablanen | Ib., closed as follows: rests with
authorities, whose main seems to be lo sell her for
24.10
LONDON
Oct/Nov.
32.33
Dec/Jan
5220
No. I spot Rss quoted at 20 5/18
The market was steady with
ap
Mar/Apr.
SO
The plight of the Ingeborg. is nut serious. Sho
yel may see better days. Up for sale, u French company is expected
May/June
July/Au
31,70 33.42
pence per lb.
Prices:
Official prices for spot cotton include:
No. 1 spot Ra
2014-201 Settlement house term:
Oct
20%-20%
to
buy her, reft her and hire her
ut
18-BUNK YACHT
Jan./Mar. Egyptian Kainak good/fully/good 47,50
Giza 30,
42.20 Apr./June 40.60-July/Dept. Ashinnuni American middling 15/30th Inch 33.31 General markets,
7/8th inch 3841
Sept. Oct. Nov. Extate crepe
thick 1ha
Oct./Dec.
2014-201
fibre.
2014-2012
2012-2013
- 2013-201
elf basis, ports:
20-20
19.15/18-2014 19.15/16-20%
23 2316-23%
The Kaiser has his 18-bunk private Fncing yacht built in
SAO PAULO Hamburg in 1913. The yachi. which he called Cecilie, was 35 Futures closed in cruzeiros per metres (nearly 114 feet) long kiko as follows with a 30-metre mast and could do 18 knots at sall. She had, In addition, a 120 horsepower engine.
and saliing under Panamanian fing. she chartered to take Mosier Lite the Waheme, the Cecille
and to
BULAN
Oct.
Dro.
Mar.
May July
20.70
20.00
SMAGA
29888
the
KARACHI
at
The raw cotion market was steady. It was reported that the Stater has purchased 1,000 bales of new crop Desi
·AMSTERDAM
The market was steady. Prices closed today in guilders per kilogram, cit, Sept. as follows:
No. 1 rubber
No. 3 rubber No. 3 rubber
No. 1 crepe
1.90 nom.
1.96 nom.
223 new.
1.03 nom.
-United Pres
LONDON WOOL TOPS MARKET
London, Sept. 1. Wool tops futures market
from Morocco to left the Kaiser's hands after (In the United States, It is expected the line will be i pilgrims
Mecca.
the World War I. In 1938, she | average price of 19/10 middling completed from Princess, Alta..
On August 10, 1952, 800 was bought by Hermann Goër-cotton at to Montreal next year.
10 designated spot Exte Moslems lined up on the quays ing and given the proud name market was 34.31 cents a pound, gion to Quehre will come later. at Casablanen with their clothes. Silber Kondor,
Sales at these, centres totalled The Canadian line will have baskets and umbrelins to walt But at the end of the war, 22,012 bales),
the pilgrim ship. She the Silber Kondor was seized. by two important spurs. One will for extopd southward across the in- turned up four days later, after tho Allies
Cloering ternational boundary from two months undergoing repairs sentenced
denth Winnipeg, Manitoba, to Min-in Cadiz. But Casablanca port Nuremburg by the war crimes
authorities sold that she was tribunal, neapolis and St Paul. The other will eut back from Toronto to not fit to sall,
Buelloned the United An air if was..organised to İyacht in Bremerhaven in 1948. Sarnia, Ont., adjacent to the Detroit industriál área.
take tho
pligrims to Mocca and The new owner, brewer M. epito The Japan-Pakistan closed steady but not until prices the Corsica, with her Grecic Hoffmann, started running her tracte negotiations continuet had been marised down by two captain, 36-year-old Stavrox on North Sen cruises, taking 70 with market rumours that Japan pesce or one penny per lb, Lemos, from the Isle of Chios, paying passengers at a time. offered purchase 400,000 baies Turnover was large at 165 lots. and
Closing prices were, In crew, remained
Then he sent the vessel to the of Pakistan cotton provided Mediterranean.
Pakistan Casablanca.
to agretz
import
Oct Pont authorities seized the
800,000
of Зардісте
Der. put her up for
textiles to which, it is reporind, | Jen. that Pakistan was reluctant to Mar agree. The week's exports were:
The Dominion government has
› ruled, however, that no gas will
be allowed to flow to the United States until after Canada's own neods have been met. Service
her
of Canadian gas to Minneapolis vessel and
St. Paul and other points with- auction when the owners, Baru
The
The Allies
Sho
ANTI-NAZI GREW Like the Corsica, the Ingeborg in the United States is subject of Panamaa" failed to pay har- came to rest in 1982. also to approval of the federal bour dues. Those had been in- anchored at Cannes in that year power commission.
"Grave Injustice'
creprod considerably
whon with
yards
a crew of tw-42-year- Japan
- 8,500 holes
3,300 storme baw the Corsica off her oki Hana Albertz of Hamburg Hongkong"
and 18-year-old Kurt Hirsch of moorings last autumn and tugs
Prices in rubeus per mound, were: towering (4-3′ · Bind roller-ginned had to restue the powerless ship. Berlin, her tall mast
olhen
Rind, roller-kinhou. :14 „AUOTIONED.
verecia in the 28-7N7 Bind, sw-ginked
2001, Punjab, ralle The auction took place last harbour..
Goering's yacht
20-FN), Punjab, sawą trused" 18 December, but no bids reached
manned by an anti-Nazi and the Die reserve price.
Meanwhile, the Corsica's crew son of another anti-Nazi, Hans of Italians, Spaniards and Albertz spent 13 years in Nat!
Greeks.
Was
now
Washington, Sept. 1. The United States Navy said today that ohe of its civilian employ on, suspended more than a Year Ago, 2s a "fecurity risk"
woks lived as best they could concentration camps. He best NEW YORK COCOA had the vibilm of a "grave Thay sold all the fillings they friend was Kurt Hirsch's father. Injustice
| another concentration" camp ul. om could remove to I cleared
Abraham (SPAN
And buy foot
måte, and Alberte adopted, Kürt Channow 14-year-old civilian Anally before they and the whon in ther died in, tida. map maker, of meurity charges paptalis were repatriated, werd From Camnios; the pair brought said, the Navy'a investing reduced to begging on the the sent le Valefrances sur Mer, tion ayalam would be revised harbour quays.
Ma and there it has remained with Coson MOB
and
Mr
to previat similar infuntless, ne The Corsica stayed in Com-them; avalling a biyer Pahina
an Italian chief Mall SpedECORDE
PRICE
Prices in cenda Coeds future
MAY July
Sept
For Silk
In War
Blading In other futures al
Chilcago irregular.
All groups responded lo renewed demand after selling had lowered prices sharply in the first two sessions this week, Rails,
ails, motors, atcels, chemicals, metals, aircrafts all. had
good guiners. Out of 1,140 issues traded, 089 were higher, only 200 lower,
Activity lightened, however, to 1,780,000 shares from 3,049- 000 yesterday.
VOLUME CENTRE
Volume priced Electric & Musical In- centred In low- dustrica, up paint to $34.
Capital Airlines,
up $13 responded to word that it grain will realise cash gain of about was $3,850,000 in Its exchange of seven Constellation transports
Com futures reacted to the
Government announcement to-
to
with British Overseas Airways
Chemicals were among the
day that the price for surplus widest gainers, with Du Pont up. corn and three other feed grains | 1%. will be cut, in line with the new farm law.
the
The
allows new law | Government Commodity Credit
Rall gains ranged to 14 points in Santa Fe.
The Now York Stock Ex- change bond volume was $2,860,-
Corporation to sell corn, oats, 000. barley and grain surpluses nt a above the at 10 per cent current local support levels of these grains until next March
an
The American Stock Exchange volume was 490,000 shares.
Dow Jones cinsing averages
were:
40 bonds
Washington, Sept. 1.
Senator Republican George W. Malone said to. day that the Western Hemisphere in general can 1.
an i not produce silk on
About 165,000 bushels of US
industrials economical basis to meet soybeans were sold to Formosa 20 intur
out of 11 previously 15 utilities foreign competition, but said today there has been great success scheduled 750,000-bushel order. 65 stocks
woult in research efforts to find Fermes indicated she
Comm. Mature additional buy
105,000 substitutes for the natural bushels in the near future.
Wheat closed up 2% to 3% cents; soybeans up 4 to Mr Malone said, however cents. that Brazil-is an exception—-45- far as the inability of Hemi- sphere countries to produce silk priced at 162 cents for No. 3, Is concerned. A small amount Northern, and for No, G, it was of raw silk was produced In at 150 cents a bushel, Brazil in 1945 and 1946 of which small quantities were exported to the United States, Mr Malone said.
S
on
At Winnipeg, wheat
CHICAGO GRAIN PRICES
2
Prices per bushel in' cents:
Closing Prices Wheat, red, No. 2
Apot
Mar
May
July
211 Sept. 215143) 21222 (1) 21824-12 It.
220 2 2212-1
20413-203
Corn, No. 2, yellow
Spot
Sept.
DEC.
wear
Mar.
May
July
He is Chairman of the Senate sub-committee
strategie materials and issued a supple- Į mentary_report today on the results of year-long hearings on the
of critical accessibility materials. An earlier report was the principal user of silic in wadime for ing apparel, surgery, parachutes ant powder bags.
made as to
"Man-made fibres
Buch
as i flye
Sept. cotton nylon, rayon, neotate
Deg. have largely replaced silk for wearing apparel, Nylon has Data replaced slike in parachutes. cotton is being used for bags
price index
338.13
United Press
New York Sugar Market
New York, Sept. 1. World No. 4 sugar futures closed today
unchanged to 3 points higher with sales of 99 contracts.
Domestic No. 6 sugar futures closed unchanged with sales of 20 contracts. Final evening up in the Beptember world delivery | dominated, an otherwise quiet
trade. Fulure closings:
Contract No. 4 (world)
Sept.
Oct.
Jan.
Mar
May
July
(enia per lb. tob
Sept.
Dec.
7456 .701
Contract No. 4
and other materials in surgery | Soybeans, Nó. 2, yellow but cannot be used in all types and instancca.
Nov.
Spot
Mar
Scpt.
May
Nev.
July
130-320.
Jan,
Bent
$74, 130* 157400 1537-1
Mar
Nov
Spot
New York Dogt
130-148
14.70K
GRAIN PRICES
"The Bureau of Agricultural and
Industrini Chemistry's May Southern Regional 'Research
Harley Fol-18 Laboratory is continuing work in partially neelated cotton as s
131-138 jod Prest.
NEW YORK SILK FUTURES
New York, Sept. 1,
silk fitures today olored uit-
Possible substitute for silk in 200 ils, sack
texts
cartridge cloth. Ordnance
have shown this chemically WINNIPEG modified cotion to perform ratastore is alk subsitute Pries per bushel in Canadian
cartridge cleth."-United
etris:
Press.
changed to Ave cents higher Exchange Rates
with, sales of four, cuántracts,-
Closing mice were:
the.
Closing Prices
Bpoliconia per in.
"NY ex-duty)
340
United Press:
NEW YORK WOOL
TOPS MARKET
New York, Sept. 1. Wool tops closed today 10 to 28 paints higher. Prices closed, 1.in conts per ib. na follows:,
104 m)
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