1954-09-16 — Page 9

THE CHINA MAIL, THURSDÁY, SEPTEMBER 16, 1954.

EX-KING FAROUK'S SWIMMING POOL OPEN TO PUBLIC

5.

These bathers are some of the many who are now enjoying the use of ex-King Farouk's private swimming pool in the Republican Palace (ex-Abdin Palace), Cairo, which has now heen opened to the public.-Express Photo.

Getting The Goats

Out of

Serbia

Belgrade, Sept. 15.

All goats in Serbia are to be destroyed by the end of the year under a new law concerning the preservation of forests.

So much wood is being cut that Serbia, largest of Yugoslavia's six Republics, with 7,000,000 inhabitants, will at the present rate be bare of forests in 20 years. Goats are a major obstacle to reafforestation because they eat young shoots.

to

LA

The authorities have for large number of open hearths must adapt themselves severni years been aware of the | in "pensant's houses-950,000 in ether kind of fuel by the end danger and since the war goals Yugoslavla, of which 482,000 are of 1958. love unty been allowed in In Serbla, certain areas.

Many Serb peasants prefer to The "poor man's cow," as use the traditionni but wasteful is called here, has been reduced open hearth for cooking, even in Serbin from 740,000

if they have a klichen range in estimated 300,000,

the house.

10

on

TRADE 201 COTEGIERCE SECTION

OPPORTUNITY AT ANNACIS Canadians Establishing Copper Price NEW YORK

Trading Estate

In The Fraser River

By NORMAN CRUMP

The Sunday Times City Editor

Until three years ago, Annacis Island, in the Fraser River, some fourteen miles south-east of Vancouver, consisted largely of swamp which provided excellent duck-shooting. Then the late Duke of Westminster bought it, and Grosvenor Estates are now developing it into what in Great Britain is known as a "trading estate."

The island comprises 1,200 acres, but initially only the eastern end is being developed. Here bulldozers are at work, the scrub is being cleared, and the ground is being levelled. A causeway is being built from Lulu Island, already connected with the mainland,, and this causeway will carry two lines of railway, a main road and a footpath.

On the island itself ali neces- Rea, end can draw an adequate

World Cotton

Markets

New York, Sept. 16. de vigorous rally

Cotton traders today extended

In nctive

All this

trialists. cost

May Rise

New York, Sept. 15.

· 38 is quite likely that the price at dopper inay rise from the current level of 30 cents per lb before the end of the year, many tradera here believe.

The prospect of a price Increase is due to strikes And in Chile, which hortage during

Well, onano in kötto the next

here an

few midfiths. At the same

ilme, the world's unsold stocks of copper, have ful- to 230,000 short tons at the end of August pared with 405,000 tons at one time last year.

estimated Slates

the

United

that

Lout in strikes

some 57,000 tone in

at domestle and Chilean mine

during the last 30 days and it the strikes are not settled the US may lose a further 61,000 tons in the next 30 days.* Router.

STOCK MARKET

New York, Sept. 15. Profit-taking once again put the brakes on the stock. market rise.

Recent teaders-top-ranking zteels, aircrafts, oft and raild- last fractions to more than a point.

For most of the market, tow- ever, the declines were aballer. several special issues, moved ahead strongly.

of

theso

Forenricat

among specials, issues of Hooker Elec- trochemical responded to hows a three-for-one stock split and thereased dividend to come. Hooker common: 800red D points to $84; to convertible: preferred 13% points to $130.

New York Sugar tum dre-processing plant.

Market

New York, Sept. 15. World No 4 sugar futures closed today 1 point lower to 1 point higher with sales of 22 contracts.

closed

tary public utililles will belabo

force from the muburbs provided, Dredging

of Vancouver. British Columbia in the Fruser has already begun,

its a mapidly developing territory, order to provide rocks with full whose buying power will in- deep-son access. All this work crease in proportion. 1911

finance partly by Grosvenor Estates and

hoids out obvious partly by the Federal

to British Indus- and Provincial attractions Govertimehis

and other pubile

If they can meet the of building the factories authorities, who are collaborating with

the utinost enthusiasm. they need, well and good. But John Liang, the well-known owing to exchange or other The market moyed up another Brill, cbntractors, have formed din

difficulties, they cannot find the swer

al once. Cantalon

Grosvenor 80 cents & bale, arting the Oct-working for Grosvenor Estates.

subsidiary which is money

Estates is ready to make loans, Dec. deliveries to new seasonal

LEASE

be repaid over LOTS highs.

The intention of Grosvenor

Altogether this is a most fruit feature. Estates is to lease plats

ful example of a joint enterprisette contract reflected the reduc- Jand

British by

and Canadian Vons in domestic reflied prices. Industrialists to

who

Future closings: wish

to rent them.. Each factory will be built by John Liang & Son (Canada) to the specification of the prospec- tive tenant, Whils, no doubt,

dealings.

Extreme gains were pared In realise te dealings as hedga offering them-Intereased in realising.

solu-

However, the market finished near the day's highs and up 11 to

Opening points pot. prices were up 1 to 8 points. New Orleans closed up 11 to 12 points.

Agricultural experts that these measures selves are no long-term tion to the problemi, but that it is necessary to reduce haphazard felling and, above all, to drow reafforestation up co-ordinate Under

regulations, all plans. new houses being bullt in Serbla-

in

}]}

17

The Secretary of Agriculture announced that 1,000,000 bales

be

Under law passed by the Serb Republican Assembly this summer peasants inust now must be equipped with a range.

Even a tho present rate of dispose of these 300,000 before Peasants are also being granted felling, high village consumption of Government-owned coton has 1955. Many will be sold for Government credits to buy of firewood often results meat canning while foreign ranges, as part of a Government | shortage in the towns. trade Arms hope to export

scheme to provide loans to both certals number to Greece.

and

In Belgrade this year, private co-operatives farmers for the purchase of have been periodic shortages of Complaints have appeared in agricultural equipment, fertil-frewood which, coupled with the Press that state enterprises responsible for buying up goatssers, furniture and wireless sets, repeated electricity cuts as well us frequent shortages of cont have sometimes not disposed of i

and nutural gas have provided dificulties for householders and cooks.--China Mall Special.

Under another regulation them for slaughter but sold timber yards, mills, and the them at a profit to be kept in village facturies using wood peered by their employees and Triends

The case was even cited of a certalu Bosko Ille, near Vrank, southern Serbin, who sold his goat for disposal for 945 daars (22s Od) and was theu able to buy it back on the quiet for 580 Jinms (375).

The ban on goats is only one i of several measures being taken to protret forest reserves. New regulations dealing with 10- aftoresation and the prevention of soil erosion are being worked OWL.

Yugoslny agricultural experta say that examples of the light aguinal soli crosion

the

in

to

Interests.

Domestle No € sugar futures unchanged to 2 points with sales of 101 con- trnets.

World contracts ruled quiet trading Softness in the domes-

particularly a pertod, without

Allacondo ran up nearly point as the company announced expansion of its now Mexico

was the day's most active Issue, Turnover for the session totalled 2,110,000 shares,

Steels, recent market leaders, had losses ranging to almost 3 points in Bethlehem, nearly, a point, each In Repulble and Youngstown.

A total of 1,200 issues were traded today. Of these 878 closed lower, 352 bigher.

The New York Stock Ex-

volume charge bond

was $3,180,000.

valume

Stock Ex- €80,000

DOW JONES ÁVERAGES

The American

chongo

was

Contract No. 4 (world)

shares.

Out.

3.14

Jan.

2.18

Mar.

Mr Crump, who is now on hollday, visited Vancouver dur-

MAY

3.12

| July

3.18

Spot-(cents per ib. Iob Cuba)

3.15 were as follows:..

Contract No.

Nov.

5.530 industélig

Mar.

MAY

2.46 15 utilities

July

Bept.

the majority of the factoriesing his recent tour of Canada. will be engaged in "light engineering," heavy...Industry.

Sa

is by no means ruled out.

development Is confined end of the island, the whole island

*

World Rubber

Markets

Bpol-fcenta per ib. elt Ny

ex-duty)

Dow Jones closing averages.

5.6705 stocks

3.01 40 bonds

3.56 Comm. füllüre price index

6.30

United Press.

London Foreign Exchange

been placed in the "commodily to the set-aside." and that another buttely. I there 2,000,000 bales will

Im-will be deves and when pounded in the near future, there is

demand for bringing the set-celds up to the kites. From the beginning, the minimum required by law. --- general Intention is to reserve Trading volumes and open in- 40 per cent of the island for

Singapore, Sept,, 15. terests in the Exchange today Cacadian industrialists and

Rubber prices eased off after were:

further 40 per cent for British opening on future liquidation. Month

Open Industrialists. The remaining 20 - when this wis over prices Interest USLE

159.500 per cant will be available for in- tended to appreciate gradually New York

32,500 dustrialists

from all

trade support other and with little 570500 countries, including the United and buying of lower grades, the Copenhagen 427200 Strtts and Germany.

market closed a little steader. Paris Already 220,000

Stockholm 78,800 at least one well-known German There was a little factory inter-stor 12,000 firm is in the market.

thurch 2274,700 From the Industrial point of Futuro closings were:

(bales),

view Annaels Island 12 well No. 1 rubber per is.

Oct placed. It will have adequate

Now Prices of futures closed todny (transport facilities by land, and

Student Determines

Weight Of

Single Living Cell

San Francisco, Sept. 15.

October December Match May

Volume

22,200

$2,100

20 200

$9,500

July October December Total

12.700

3,000

1,400

141.700

NEW

YORK

as follows:.

Spot

October

December Archi Many July October December

Marely

39.50

34.75

35.13-14

39.44

38.37-58 35.49

35.12

NEW ORLEANS Prices of futures closed today

A young graduate at the University of Cali- United States should be studied fornia is believed to have determined the weight as follows:

of a single living cell.

here,

Yugoslavia as a whole used to

be one of Europe's richest forest arcos. But in the past, the trees along the Dalmatian coast were gut to make ships, often for the Republic of Venice, thus laying

He is Mr David Prescott, who is working for his doctor's degree. His research suggests that old theories concerning cell growth in plants and animals may have to be discarded,

The current theories hold that ↑ cells must grow to a critical size before they become "unstable"

bare the now characteristic and divide. Cell size, therefore, Ilmestone rock hillsides.

would seem to be the trigger" which rets off the process of cell division or growth.

Serbia, 100, used to have vast forests. Some 120 years ago, the French poet Alphonse de Lamartine, describing a journey through Serbia, wrote: "For

Present theories are based on studies of entire cell populations in fiany-velled organisms. They are called metazoani. But Just what ls going on where it counts, in the individual cell, has not been revealed.

To measure the growth in the But Mr Prescott says that he Individual cell and determine has found thut cells actually the weight of one cell continu- seven days and nights already we have been sunk in an ocean stopped growing long before ously between divisions, Mr used 強 single-celled of Berb forest, and we have not division took place. He has also Prescott been able to see either sun or come to believe that the real animal, an amoeba. About 2,500

giant moon for Beechts."

milllen of

and rigger" to mitosis, or growth, one ounce. oaks

Is provided by the cell nucleus Montenegro and Bosals, in containing to heredity-deler- central Yugoslavia, still have mining material. miles of untouched forests, but

In many arêts they can hardly bo reached because of the

absence of modern comitinica- tions.

Britain Heaviest

May

October M

Spot. October December Marelt July

December

LIVERPOOL

HONGKONG

STOCK EXCHANGE

35.40

24.75

(From Our Correspondant)

35.60

35.46. 33.13 39.13 34.18

est.

Dec.

60.31/14-09, 3/16 0.11/10-20.13/10 unquoted

No 2 rubber per 1.

Oct.

092-001%

No. 3 rubber per ib.

Oct.. 607%-20%

| No. 4 rubber per lb.

Oct,

0714-0715

Spot rubber unbalet 60%-60% Blent crepe.....OB12-87 No. 1 pale grope - 1816-79

AMSTERDAM

The market was quiet, Prices elosed today in gulidēts per, kilogram, Oct. 15 as follows:

No. 1 rubber 17, 200 buyers No. 1 rubber 1.99 buycre No. 3 rubber .... 1.38 bityers No. 1 cipe 27 bliyem NEW YORK

Business done on the. Hong- Futures closed today 17 to 20 kong Stack Exchange this points lower with sales of 90 morning amounted to $452,- contracts. 044.29. Nooti quotations and the The spot and futures markols morning's transactions:

remained on the defensive as tinued.. disappointment over 1710 denial of rumours

that the

Closing prices... American | Bitanes BUYERS BELLERS SALÉH|recent buyers expressed· ́con- middling cotton, 15/10 inch, in pence per lb., were as follows:

American middling

13/18th Inch

SAO PAULO

30.34

Underwriters

Montreal

Amsterdam

London, Sept 28015.

10.01

0784-07832

-United

350.63

New York Foreign Exchange

Englerid-offatt

New York, Sept.

uno/Betal 3-day futures 90-day future®

11.73-14-1.73] | New, Zealand

'Others were: unchange

MÜruted Press.

South Africa Pakistani

European Fishermen

To

Combat

Icelandic Move

Grimsby, Sept. 15. European fishing vessel owners are to form

an international organisation to combat Iceland's extension of her territorial limits,

In 1952 Iceland banhed Government intended to increase of about 3,000 square miles foreign fishermen from an area the price of synthetic rubber.

Spot R No. 1 were quoted at around her coasts. 234 cents. Prices:

Mr Jack Croft Bakdr, Presl- 34.dent of the British Trawlers

24.50

24.35 24.45 34.50

отмет

from Britain,

France, Germany and

met for "hush-hush"

104 1070 4000 10,00 The London rubber prices were talks at Ostend a few days ago.

20 20.00

not received,-United Press,

› CHICAGO GRAIN

DANKB

Oct/Nov.

32.38-59

1K Bank... 1710 1120 40 INSURANCES

Union... 000 $10

Dec./Jan.

Mar/April

32.54 12.01

BIOPPING

May/June

Waterboat...

7.85

ΣΟ

July/Aug.

Offfelal value for spot coitons in cluded:

DOCKS, ETC.

Dock........ Provident (0) 14.10 Wheelock 7.03

Dec.

23

Mar.

May

1000 à 7,03

July

23.14

12th inch...

LAND, ETC.

1500 7.70 Bept.

Dec.

Mexlean midating

IIK Hatol

1-32nd inch.......... 31.03

IR Land XD

* 33 2014 313 ** 08

Others were unchanged.

Futures closing prices, ` in them would weigh cruzeiros per kilo were:

Humphrey's

Really

2.00

100 SE 200 g 18

1500 @ 2.10

UTILITIES

Oct.

Mar ATAY July

2540

Tram ................. 18% 18,70

Atar Ferry

Yaumati

30.20

C. Light" (0) 15.40 15.60

C. Light (NÍ LÁG Electric XD. SIL

32 500

Tálephone 20.70 INDUSTRIALS

Combot ... 27.000 Rope BTORES, ETC.

Ddity

200

M

Watson COTTONS

Taxtle Corps

con-

30.30

As the amoeba died when exposed to, the atmosphere for

Mr Prescolt some time,

(In the United States, the ducted his research, weighing | average prives of 15/10 middling. "under water”—a physiological cotton at 10 designated, spot salt solution.

markets was 34.48 centa./Sales at these centres totalled 53,131 CELL ON FLOAT

bales.) Debtor In EPU!

· KARACHI. Ho placet the cell on a small

The market was tehdy with float" inside a closed vessel of Paris, Sept. 15.. Britain was the heaviest shit solution. As the amoeba local speculative support for now population as the rest of the debtor In the European... Pay- grew and thined weight, the crop. Prices closed today in capita a year compared with ments Union in August with her Best Bank and increased the ruptes per maunit as follows: 9.00 buble nitres in this rot or neith's deficit at $23,800,000 pressure within the vessel The 209-FNT, Sind, solle, Kindled ..

lbercase was recorded the world, and 0.81 cubic metres according to figurbs released

outside the vered and later translated into the weight of the

According to statistics inued here, Yugoslavia consumes twice as much wood per head, of the

world—1.30 cuble metres

per

herb today,

in Europe as a whole," s

of Yugoslavia's umber, Westchn Germany maintained

68 per cent of the total falled, her loading pdition with the th

ja usein as: frewood, émipardd biggěst.

to, 18 per cent furoughout the|| $4,200,000, SAWIŁKOFIANE (dha)

world und 53 per cent in Europe. second

i only treece, BUKOHT ZUTOBAÄRN

eduntil 18 dialed to burn more Shrewood, HAN YURUJIAVID

creditWith

9. Binid, roller-ginnad.

269-FNT Punidos roller inned, ze

NEW YORK WOOLF TOPS AVL NOW Yuric Bout: -15.

ope flösku Joday:

· Nanyang · Mill 16.20.

MISCELLAN

Alllect

4.03

PRICES

Chicago, Sept. 18. Prices por bushel in cents:

Closing Prics 155 Wheat, No. 2, red i

20.00

Spot

Dec,

Corn, No. 2, yellow

. They, agreed. on the figu portance

of maintaining the delimitation of territoria

watchs, three miles from low

watermark.

European

Reconstruction

Of Mercantile

Bank Capital

An

extraordinary general

meeting of shareholders of the Mercantile Bank of India, Lia was held on

September 7rat

which resolutions were parado regarding the epifting of tas trawler owners Bank A, B và chiều

fully appreciated the importation and Increase in the capital. of the conservation of fishing

grounds, Mr. Croft Bikbe said, The capital of the Bank” là and at the meeting they do now Authorised capitali, 28F clared their, readiness to take 000,000 Subscribed tapla part in any tilke with representatives to find a soluties 70000 Reserves,

teelandic

acceptable to all parties.co

Mr. Croft Baker those

ilon of

wone Mohing

added

220.000 Pald-up

divided prolific. 21,980,380

The Capital

weio convinced i made up.c

· be no alteras

In furtherance of 360 conservation meastires and}

and

16014-150 all interested pärlich

with

He said that it was felt that immediate consideration should bayriven to fortid

national, fédération

Bird:9) Denmark(9