1954-09-03 — Page 9

The Night Of Monte Carlo

THE CHINA MAIL, FRIDAY, SEPTEMBER 3, 1954.

Me Onassis, the famous tileek shipowner. "Master of Monte Carlo" (left), and Bignor Agnelli, owner of the Flat Factory photographed as the "Night of Monte Carlo" Charity Ball. -Express Photo.

Did A Franciscan Friar Discover Niagara Falls?

Brussels, Sept. 2.

A group of Belgian historians and men of letters are waging a campaign to restore the name of an obscure Belgian missionary to his "rightful place as the real discoverer of the Mississippi and Niagara falls,"

The memory of Louis Hennepin, a Franciscan friar whose burial place is not even known, is being honoured in Belgium by a number of commemoration lectures and by a monument to be erected in his native town of Ath, in West Belgium,

Par has Et far

navigated

1080

thai the

The

the

i telpu and a neular remorla Heat break), While Herberts

as she is to be Purumi o

decided to push Belgian perst Mississipp

hef we, United States

is explorations further into the Robert La Salle, the French ex»-

India-fested comtry Lit who is vesundly credited plorer. with being the Ara white man: 1610

145 1

Ta said down Git Mexten

ניין! יו!!

to perpetuate bus Trudne nas verently fren fulmmond.

Sea Spirits Angry With

Fishermen

Kota Bahru, Sept. 2.

to

A white buffalo is to be Harrißerd

Sunday <11 pacify the spirits of the sea who are angry with 3,000 fishermen of Bachok on the suburbs of this north- eastern Malayan town.

of them moy even

Hentrebi was TH AN

Fivan his wouth, hts and Was ired by tales w continent of America and his

one lin new land"

י -

DUM

Ordan du pegi at the egy od 26 Pathe Hemeate an NCTE afterwards sen to peuch t

Ther

Calor

he rest thank, Sulor wh hydrators 3 de ani Anet

en den be

But out deas y by

gint

t 201

the sazītos bold thươa tales, the newest bud af strategic pole mund

Unarmed and with only two companions, both deserters from

Spanish itany, Father Herinepth is sand to have set off on February 29, 1680, down the Liver Illinois.

later

fr

the pit u uide: to be able . The first

› listen to that a

Escapes

Tabamus claim that he market the Misersdopt a week

after numerous escopes Red Indian tribes roaming in the regist

By the d of March, he had sailed to the gulf of Mexien and thus breume while man to travel atto though the heart of America.

On

Father the top back. Iuld have spent sevs anul Hennepin at h two rights

pants were captured by the lidened to these men falk," he sux irtbe, Tortured and says us his book "New desovery.

vers large county situate; actells starved, the mission- held cuptive for xx Any way America."

mnths until he succredit in escaping

៦*

*,

with ut

eating

La Salle Aboard

Just

; Bishopric and

travelled

Punch his, Hennepin vessel. Any ereft which atrives | first incumbent,

1

com-

TRADE

COMMERCE SECTION

Fractional Changes Bombay Refinery West German Firms

On Hongkong Stock Exchange

By A Special Correspondent

Three shares stood out in an otherwise featureless market this week.

Yaumatis slipped back after their recent rise. They lost four dollars on the week on reports that the new or bonus issue is not likely to be announced at the same time as the dividend (due sometime this month). The new date mentioned for the issue. announcement is either November or January.

Wheelocks

Now Operating

New York, Sept. 2. Standard - Vacuum Co. announced today Ita new $32,000,000 refinery at Bombly, has started opera- tions six months ahead of schedule and soon will run

เช

at top capacity,

The 25,000-barrel-a-day

гейлегу will be able to supply one-third of India's petroleum needs, the Com- pany

said.

The plant represents one of the largest American private-capital investments in India since it became a republic Reflued products will Include motor gasoline. kerosene, diesel all, fuel oil-United Press.

sold at $7,80, up bring ou: sellers of other Ully NEW YORK

25 cents on the week. They are shares which might have been rising in anticipation of a good expected. The fact thal mast dividend. This weck

there utilities held steady railer Bug-

were more buyers and fewer gests that the market is con- ' sellers. Brokers say they would ident the dispute will not be- not be at all surprised if these come serious and spread to other shares passed the $8 mark this pubite utilities. month.

Naturally this is a subject on The Interest in Hotels began which no one can be dugmatie. to wane as the rumours the The Tramway Union is un- sule of the Pedder Street plot predictable and from its record fatled to catch the usual interest. of the last five years it would Apparently a cash sale at $11 be anwise to conclude that the cr 12 million is moving it fur-dismissal of the 3 emplos et a midable hurdle for the Chinese was now a dead issue. syndicates interested in buying. |

Indeed.

from China Apart Providents where land

are still encouraging shares with interest experience a quieter werk. Lanti whispers were notierably quieter

some activity, real estate

NOT MUCH ACTIVITY

much activity

STOCK

MARKET

New York, Sept. 2. Stocks continued to re- cover the sharp losses of}

The

Some

chemicals,

Will Have To Extend Credits

Hamburg, Sept. 2.

West German firms, would have to comply with an increasing number of requests for medium and long-term credits to finance investment projects in order to maintain West Germany's share in the South American markets, the Deutsch-Seudamerikanische Bank said in a recent. report published here.

Some other Euzpean countries and the United States were hot only willing to grant extensive credits but even offered them, the Bank niet. Many South American slater were HOW in the orvers of basically clang- Jogg the structure f their economies, #fnet which should not be ven looked

At the same Tume the Bank advised enceful selection of pre-

jects to be fuaneed

and studs of the ec nome Lagit; wet the Kountry concerned

World Rubber

Markets

Singapore, Sept; 2.

opened slightly

market

ነጎነ betler overseas

1

The higher

continued quietly advices. steady with some sellers some- what reserved until towards the close when affers were moro Gixemony's tinde with plentiful and buyers apathelle.

Americo Central

it closed slightly engier Future closings

Weit South unel

the

the

rise in imparts.

انار

WPT

1

No rubber per in Sept 0731-873x

OM 879-071R Nov unquoted

Oct/Dep

0714-0215

493-0572

17-07

410-

steady with

703-70

{{cured | 24

Prices

201-20

Werin

201-20%

Monday and Tuesday, add- showed a tunsiderable rise an ing another $1,000,000,000

first half of the yenz. ELECTRICS HIGHER

to market valuations,

rarre monding period at 1953. Electrics (xd) arc up this i

Bu! her export surplus jes No 2 rubber per th Sept weck on reports that this year's ¦

guins running

No 3 2 presented aty u w " tenth of

: No Ogures are better points or mare in recently de- the surolus in the first half of Spot rubber unbater X-months than last year's. Cements ap- preased groups were accom- 1983 chiefly because 2 steep Banket evene

level for plished on light volume, how

Spot No pale erspe pear to have found

LONDON the time being and the shares ever, with turnover of 1,000,000

IMPORTS shares the smallest since June

The marke! was seen quite easily available al $48

18.

spot No. Germany West On the whoit, There was noti Farms-a certain

amypeted; peter per Th. amount a!

No spet s in the market. | hesitancy

rails directly. 208 991 000 de llurs worth 0113, occured again this¦ Prices moved fractionally aod, | week on fears that

and a host of special issues het of goods ham South and Central Settisent botter the New

Ori America in the first half of this Utilities if anything.

and In- Territories' Foot

Mouth good gums. dustrinis tick mon r the lime cutbreak would spread.

ver, compared with 101.259.000 The

Among the latter. Homestaked Hai light.

dividend Of $1 Mining rose more than 3 points 1953.

same perra of Her exps to

to South and Tram- were en interesting i

(unchanged) had a temporary on the promising outlook for its Central Amisch share this week. They dropped solutary effect a trading. But uranium properties.

Latalled | Sept Ingersoll- 216,116,000 slightly--very slightly-us '

dollars. weakness hos

developed again Rand had almost gained 2 points 172,834 000 dollars. result of the two-hour strike un and now they are barely steady; in continued rumours that there et include experts and t

The figures Note: The Tuesday morning and on the $25.

will be a stock split proposal.

Amsterdam rubber week were down only ten cents, i It seems odd that while top:

port to ar from third countries, Fortunately the strike did not quality shares are yielding be- Scott Paper run up 1% points į One reason for the rise in im- tween 3 and 6 p.c... Yangize ns the Company announced Finance is yielding more than acquisition of Detroit Sulphites wes 12 p.c. Presumably the company | Company. On the other band Argentina. World Cotton welding shares.

has holdings of many of the adverze news affected issues. Brst half of 1953, were delivered

BANKS QUIET

Markets

New York, Sept. 2.

спор Low private

Grimate raised culton futures again to-

day, lifting all deliveries to new

seasonal highs.

Interim

and

Jan Mor

Apr Jube July/Sept General anes

Nov

20%-20%

204-20

20-201 20-20

and been, porte

10-11/16-20-1/10 AR-15/19-20-1zis [1-13/16-29-1710

New Yorks and

prices wero

not received.-Unlied Press

that purchases trom New York Sugar

Market

haled Insgely mand, through third countries in the

American Export Lines touched

Granted Yangtres can hardly 13 points weer n $78 follow-

Use year imperts also 10se from

com-

o'n

lower

Bruzil,

Interna-

Colombia,

New York, Sept. 2. World No. 4 sugar futures

with sales of two

xx ! loser today unennged to one

D new low of $11% and clused direct in the first half of this

Ecuad be described

dramatically DS

ing a poor earnings report and active shares-1:0 trust

and Costa Rica. dividend mission. panies in Hongkong are, despite tional the fact that these stocks ure point favoured in London and New statement. York. Brokers think that buyers may be deterred by the com- ปืน Pont pictly erroneous belief that siner chemical with a rise of 2 its name is Yangtze Finance, thei Predictions by textile industry company has holdings in Shang-, spokesmen for an early reamp hal

of Iron

Which leaves me buying

and

Docks mill couple of wharf shares: broaden inst evidence o

Edded are up about 40 cents on the demand for spot cotton.

week but they have experienced momentum to the rice

quiet trading. Hongkong and Chief interest now centred on Kowloon Wharves after their

Governmen: Ja week's estimate,

Mexico, Peru Harvester dropped me ports which erved a point lower

rise were those to contracts, carnings murkable

Brazil. Columblo, Venezuela.

Domestic No, sugar futures Mexico, Chile, Ecundlor and closed one point higher to one featured in the Cuba.--China Mail Special.

point tower with sales of 18A contracts,

cloth

with

Storis were Iructionally highest 1,122 issues traded. a 605 closed higher, 273 lower.

The New York Stock Ex-.

bond change

volume $2,582,000

The American Stock Exchange - crop brief spell of activity, failed to volume was 570,000 shares.

their rates

and

they.

An almost unanimous only reluctant buyers,

feching exists that 'the Agure will be substantially below then $08 on Thursday. 12,680,000 bales estimated by the Government a month ago.

A second private survey to

the indicated Scpt, 1 day put yield at 11,005,000 bales, or off almost a million bales from the official August figure and cam- pared with 16.465,000 bales pro- dured last year,

amt Trading volumes interrets in the Exchange today |

орст

were:

Month

Voltune Open interest

Orl

10,000

219,300

bookc

Dec

47,400

003,300

Mor

40,000

518,900

May

31.000

400.300

July

12,500

215.000

Ort

4,000

Dea

Festal

Three years Jaler, Father Hennepin was allowed to return The ea oppsite a four-mile

Europe to write Kelantan State wil stretch of

In 1674. the friar obtamed

Entitled be tabro

3,000 fishermen.

permission to leave for Canada, about his expedition. their wives und children |_ for | Quebec had

been raised Description of Louisiana, newly discovered to the southwest of three days from Sunday, Nonet

Foller

France by order of the King" with the XIV).

the book suid to be the first in which the new cuntry is called "Louisiana,”

But Father Henneyin does no! claim in this book to have been itennepin of his rightful place the first white man to sail down the Mississippi "because he knew dissatisfed this had always been La Salle's

fit A pain m the four-mile Aretch will not be allowed to Irave.

AGE-OLD CEREMONY

Aboard the same boat was Cavalier La Salle, whom the historians ΠΟΜ

robbed may

in history. The pirits of the sea arc and assuaged by being woord

The priest

was

the Asher folk In an age-old with his frst tusk of preaching ambition and he did not want to ceremony which entaila the in menostery and could sconftend the jealous French sacrifice of a white buffalo.

across the now-functionary,” bound countrysid: to convert declare.

At Bachok beach on Friday Red Indian tribes with 80

be trudging

will miles of Quebec. three-year-old the

Then it

the Sultan of Kelantan sprinkle

buffalo with powder.

the historians

Nonetheless, they claim, tho descriptions

by given

the Red Indian Behind the tall, muscular frlar, | Delgian priest of will be taken In a procession a dog drew a sledge carrying customs in the lower Mississippi under which and nates of their language and for two miles to the northern portable altar, bounday of Bachok district with Father Hennepin often spent his dialects have been recognised the fishermen's "Bomo" (witch nights in the bitter ecki.

A year later, the missionary by ethnologists as those still used Coster) leading.

by certain tribes.

Jealousy,

60,000 2,000 40,500 187.GOO 2,134,000 bales

NEW YORK

Prices of follows: Spot Oct.

futures

Dec.

Mar.

May

Juty

Oct.

Dec.

The "big chaps"-Banks and Unions had a quiet week and lost a traction here and there.

TODAY'S SHARE PRICES

(From Our Correspondent)

DOW JONES AVERAGES

Was

New Yerk, Sept. 2 Dow-Jones closing averages on Wall Street today were:

30 industrial.

20 relin

14 utilien

05 stocks

40 bonds

Comm. future price Index

Ultrasonic Waves Help Whalers

October January

Murels

Future closings were:

Contract No. 4 (world

3.18

3.20

3.28

May

3.18

Jety

September

Spot tres per 1b. fub Cuba)

3.30

Contract No, it

November

Match

Oxford, Sept. 3.

May

July

Whale catchers are now using September ultrasonic waves to catch their November

0.45

4.40

5,01

5.00

5.55

-United Press.

341 13 prey, scientists were told here Spot cents per lb. sir NY 112 today.

60.43

127.31

100.04

17431 United Press.

-

Mr Robert H. Clarke of the National

Oceano- Institute of #raphy told the British Associa- of tion for the Advancement Science that the waves seared the whales and made them

CHICAGO. GRAIN."

PRICES

Chicago, Sept. 2. Prices per bushet in cents:

Clowing

Prices

Business done on the Hong- kong Stock Exchange this morning amounted to $755,670,80. Wheat, No. 2, red Noon quotations and the morn- Spol

Sept. zisi) HBL(L) zidney, asing's transactions: closed

220 Dec. SHARES BUYERS IELLERS SALES BANKS

2011-222 Mar. May 151720

2014

NEW ORLEANS

SHIPPING

33.551

34.47-49

INSURANCES

HK Bank 1710

33 00-91

15.22

Union Underwriters

103 ↓

35.40

35.50

Waterboat 20.40

34.13.03

34.14

Ko Whart Dock

Provident

Prices of futures closed as fol. lows:

Spot Oct.

Déc.

Mar,

May

July

Oct,

Dec.

LIVERPOOL

DOCKS, ETC.

11:4

22.70

As they "run" they get out of breath, blowing more as they i tire and are thus more enslly

and quickly caught.

HOMING INSTINCT

ex-duty)

LONDON WOOL TOPS MARKET-

London, Sept. 2. Wool lops futures market closed about one penny per lb, higher; turnover was silt good

76 lots.

Closing prices were in penco per lb.: Sept

Oct.

Dee

Mar

Mr S. G. Brewn, also of the Institute of Occanegraphy, said Jan, that a sistem of marking whales May had led to the discovery that July

have hump-backed whales

a Sept. "homing Instinct."

Oct.

Dec.

Jan.

They return

their from topical migration to the same ares in the Antarctic year after агед

139-140

130-130

1381.-1972

137-1534.

13042-17

154-130

133-134

13132-1331

133-134

13084 134

United PreRs.

NEW YORK

July

Corn, No. 2, yellow

1

Spot

Sept.

Dec.

1602%

156-!

400 #

Mar,

600 6 23.70 May

600 X 21.00

July

100%

133

Intensive whaling to

Mr Brown added: "This im- portant discovery suggests that if the stock of hump-backed whales in rny one area is Future closings were: 133-130% duced by

New York, Sept. 2.

points tower to 3 points higher.

Wool topa closed lodny Y

Qel

190,00

100.00

25% 374

very low numbers, it will only very slowly at all-be re plenished by other hump-backs moving in." Chiro Mall

Dec.

Mar.

105.00 100.5b

123.on

100.0

May

189,0

190.ta

July

107.:inded

Oct

187.0h

100.In

Spezial.

Dev.

204.00

105.00

201

Spot

IRU. nom.

[Old) ... 14.10 14.30 1500 14.20 Rye Wheek 7.00 -7.83 (3000 @ 1.03

Sept. Dec.

| LAND, ETC.

HK late..11.30 11% 2000 11.30

34.25

54,30-51

74.85-00

FIK Lend

-

Humphreys

04.12.44

14.07

34.05

Omelat values for spot coltons,

in pence per lb., inelude:

in

American middling

1000 7 11,4]

09 00 600 6 60.50 | Date

10.40

Healty 2.13%

1000 @ 3.125 8000 4 2.10

Sept. Dec.

Star For 10.00 19.10 4230 47 10% spol

UTILITIES

Soybeans, No. 2, yellow Tram

.138

Bept. Yimati. Fany 155 165 132 at 163 | Rev.

400 150

Jan. 100 167

MAY. C. Light (0) 19.00 10 2000 16.90 May C. Light. (N) 13.30. 13 2003 13.00

Electric XD. 23 33.25 33031-21 Barter,

founded

ded o monastery in

in the fort On Saturday it will walk of Frontenac, where La Salle along the beach towards the had been named Governor.

The routhern boundary then be Frenchman had Ircard of the brought back to Bachok where existence of the Mississippi and

Fother Hennepin later at 3 p.m. it will be slaughtered was determined to explore it.

In 1878, according to Muslim rites.

published two more boolta L Saile, Father

Holland, where he was forced priest and another

set to take refuge

"because of La wooden vessel sait in

Salle's

Both "The Lake Ontario,

Jealousy." It was

Dairy New Discovery" and "The New historians Belgian assembled and filled with straw him, that the missionary made Voyages were best sellers of

RE-ASSEMBLED

Hemp small

It will be skinned, then re-across

the

15/10th inch

14th inch

Mexican middling 1-1/and. Incl

33.40

19.11

B00 $3 000 $3,10 Spot Telephone 27.30 20.30 000 19 18 INDUSTRIALS

Cement - 07.30 28.3y 500 # 26 STONES, ETC.

25.4085.30- 8600

New York flour

203 ibe sack

100 a 25.

500

6 or 17.00

Others were unchanged. Note: Liverpool cotton futures prices and Sao Paulo catton quotatione were not recolved.—United Press.

NEW YORK COFFEE FUTURES

New York, Sept. - 2.- Santos "g" coffee futures

સેકસ

300-301

271-2712

23915-22

130-148

$14.70m

United Press,

NEW YORK SILK FUTURES

Watson, ak

17.30 1 Crawford 23.60 COTTONS Textiles

7.10

250 7,00 MISCELLANEQUE

New York, Sepi, '2. " Vanetszo

..... 4.10 4.16 1000@4-10 10 cents higher with sales of Allira

two contracts. The firmor tano

London Foreign

Exchange

New York Monires! Amsterdamn Brunstie

OND

London, Bepi,

2.30 9/16+2.80%

2.7216-2.78

10.011-10.824

b-bid; n-naked-United Prem.

NEW YORK METAL FUTURES

New York, Sopi. 2. Prices of metal futures closed: today in cents per lb, as follows: Lend

Cel:

130.774-130,00 20,013-20.02 97711-018

Sept

Tin

Sept.

Zurich

12304-12.20

Oct.

Öthers were

unchanged--Unised ¦ Zine

Sept.

Det.

Prem.

Cepper Sept.

Silk futures teday closed 2 to New York Foreign

closed today: 200 10.315, p Exchange Rates reflected the higher JapaneMO

Within this stuffod and sewn.

his first discovery.

their time. bull will be pieces of flesh from

The priest's efforts to return Leaving

the main party to every part of its original Body,

thwarted by The rest of the meat will be spend a few days exploring on to America were

hts own,

Falber Hennepin the French authorities. After a used in feasting. used it

In Rome, Father. reached the world's most im-irert tay Before the break of dawn on presolve waterfoil, which he i Hennepin is last Heard of in 1701 Sunday, the stuffed buffalo will credited with naming "Niagara." in an Italian monastery, and his bestbed on a platform and taken. He was, the historians add the resting place remains a mystery aboard a fshing craft and out 10 nixt: man ever to describe the to this day. Roa. At a spot decided by the

Bub in Ath, the missionary's "Bomo" the bullalo on its plats falls in writing,

then sailed birthplacs, his memory has been expedition form will be launched as an

Erie, Huron and honoured for more than ma offering to the spirits of the Ros. DSPs Lakes The fishermen believe that Michigan to reach the Illinois century, street which bears the spirits are very angry with river at a point, hear where the his name has ohite plates "To them, because they have not: present city of Chleppy stands. Louis Hermepin, who discovered, w absorved the ceremony for runny: There I Selle established a the Miezlesippi: in 1880.5wathina, char years. United Press,

fort called Creve-Gotur] Mall Special,

The

higher with sales of 40 contracts

Futuro closings were:

chbies.

done - In the Joga)}} Closing prices

Oft.

May

Canada

Qibers

Exchange

New York, Bepi,

2276 $162-3)/2a

.00 unofficial

TOKETA 30-day- bulures 2.001 po-day futures/20/

red,---United

13.05h

13.001

F2.507

10.42h

10,47h

30.06

20,00

LONDON METAL PRICES

London, Sept. 2. Prices of metal futures closed today in sterling per long ton as follows:

Tin spot |'3-month

Copper pot 1+nonth

Lead Hopt.

Dec.

Zine. Bapt.

Deo.

buyers sellor