THE CHINATM MAIL-- THURSD
An artist's impression of the proposed £ A500,000 radio telescope. The saucer-shaped part of the telescope would be 250 tk. in diameter, When vertical, the top would be about
270 ft. from the ground--Australian Official Photograph.
Australia Hopes To Build Giant
Radio Telescope
A giant new radio telescope, which_Australia hopes to build with the assistance of the Carnegie Corporation of New York, will enablo Australian radio astronomers to probe further into the universe than man has been able to do before.
The Carnegie Corporation announced at the end of July that it would give £A110,000 towards the cost of a huge aerial, similar to the one which Britain is building at Manchester. This would be erected near Sydney, New South Wales.
of
Australian scientists have arranged in a Cross on the preliminary and advanced in- already
One thousand nchieved world fame ground.
anformation which will be for their work in the comparu-
the immeasurable value in planning tennae ore spaced along tively new science of radio
arms. It is being used to study and operating the new aerials. stronomy and the new derial, radio
in the outer SOUNTES if it is bull, could make their
universe. position
this unassailable in
field of fundamental research.
ort
The aerial would cost kost £A500,000. Official ap-
proval for the scheme han not vet been given by the Austra-
lian Government,
but it is e- shortly fend
rested 10 do provide the additional finaNCE.
was made
lo
wealth
Common-
The gift of funds the Australian
Scientific and Indus- trial Research Organisation IC.SI.RO.),
The Radio Physics Division of the organisation would be in charge of the aerial,
Like the one at Manchester, the Australians have proposed
Is used
to
Another aerial study the source of solar radio emissions.
It is a multiple element in- terferometer and consists of 32
even
The ability to study the sun and the universe in greater do- fail than has been hitherto possible,
with the C.S.I.B.O.'s advanced equip ment, would prove of immense value because tho earth depends particularly upon the sun for light, heat
other and
basic factors.
one of
Sunspots,
just
the parabolic "dishes" spaced along
many mysterious soinr and an cast-west line 700 ft. long.
phenomena which Sixteen
more dishes are spaced galactic
effect our lives, will be studied a lino at right angles to it. in a
and it is hoped Mounted
on polar axes,
there closely
their mystery will be revealed at the mut to the glant "ear," dishes are aimed They produce a series of knife- edge beams which can sean In- dividual parts of the solar sur- face.
by
radio
0097ERCE SECTION
U.S. Synthetic Rubber Cheaper Rice Could
Production For
December
Washington, Sept. 22.
The Federal Facilities Corporation announced today that its sales of GR-S synthetic rubber for the month of December 1954 will be approximately 46,500 long tons and that US production during that month will be about 41,500 tons.
I
The FTC is able to make deanite future extimates because of the regulation requiring principal buyers to place orders at least three months to the old Reconstruction Finance Cor- poration as the Government ; agency handling rubber pro- duction and mies.
CEYLON RUBBER EXPORTS
Cofembu, Sept. ́ZE.-. Kapotis tédm January to Auguss this year, reached a now high 160 milion pounds a valued at 189 million rupees, socording in figures releseed by thố Trade and Commerce: De partment.
The biggest Importer, for the period has been Chins which took 91 millions pounds valued at 142 mil- lion rupees.
The Ceylon Trade Mis sion which is now in Chins directed to negotiata for the sale of ¦ Carlon's
World Cotton rubber the existing
Markets
་་་་
The FFC gave the following
New York, Sept. 23. figures for the next threo Cotton prices today resumed months estimated production in the forward movement after] this country of GR-S synthetic;] October 41,200, November 40,- 600 and December 41,500.
It salt sales for the three months would be: October 40,000, November 48,000 and December 40,500United Press,
World Rubber
Markets
Singapore, Sept. 22. The market started to sag after opening on lack of ordera but later political news caused sellers to be reserved and values gradually appreciated. future clodngs:
No. 1 rubber per Ib.
October
November
December
70-7016
unquoted No. 2 rubber per lb. oct. 096-00 No. 3 rubber per lb, Oct. No. 4 rubber per ib. Oct. 1-68
Spot rubber unboled Blanket crepe No. 1 palo črepe
NEW YORK Futures closed today 20 to 29 points higher with eales of 100 contracts.
days of irregulartly,
bale.
Now seasonal highs' were marked up on the posillons from Oct, through May, with tho Hát showing gains up to'$1
Price-lifting
was power generated by the continued crop deteriorating reports, with al- tendant expectations for another sizable reduction in the Gov- ernment's October crop estimate, along with more optiffiistic ptd- dictions in the export outlook
for 1954...
prices. The mission will paink, ons Chas anch'an Arrangement
would bo
quite reasonable becsuse world market prices......, of rubber have been on the increase....Unfied PresË,
HONGKONG STOCK EXCHANGE
(From Our Correspondent)
Business done on the Hong- kong Stock Exchange this morn- miling anibunted to $612,600. Noon quotations and the morning's transactions:
Affect Hard Fibre Production
London, Sept. 22.
The high price of rice in the early post-war years it reached a peak of six times the pre- war values in 1947-gave sinall-holders and other peasant cultivators little incentive to produce fibres, such as cotton, jute and flax, and their prico was' consequently also high,
But when the price of rice began to fall, other erops became relatively more profitable, with the result that production of hard fibres began to increase in some instances even beyond the limits imposed by governments-and they, too became cheaper.
Now the situation is changing, ogain and, according to Messrs Wigglesworth and Company's
atest hard fibro market, NEW YORK
the decline in prices during the past two years of jute" and Manlia hemp (with which
It may not be wholly inappropriate to link sil) has reached the point where they are
likely
to proditable leta
than food
te
Crops.
The incentive to produce these
Abres will accordingly be reduced
and may dissapear, in which case their supply will decline.
long
very
STOCK MARKET
New York, Sept. 22. The New York Stock Ex-
Industrial fibres moy be ex- change prices rose further pected to be cheap when cereals today with industrial aver are cheap, says the report, but age going up to new high
unlikely to they are much cheaper than rice for very in 25 years in active deal-
A sack of rice todayings, should buy about as much juta or Manila hemp, and ultimately extension of yesterday's inte The upsurge today was an stral, as in 1937-not appreciably rise. Gains in the oils ranged mare as is the case at present,
to more than a point with a few, SHIFTS IN POWER : pivotals showing much wider Improvements, in other main The report points out, how4 departments of the list aircrafts 560 8.10 ever, that it is advisable to take and · hotels also met good de..
into secount the effect that war |mand.
Most of the demand" chme through domestic textils interest, along with shipper demand and covering by local professionals and New Öricans. | SHARES DUYERS SELLENS “SALES
Trading volumes and open | BANKS interests in the Exchange today
NEW YORK
HIK Bank
1715 1723
32 200
Post Aula
INSURANCES
Union
Underwriter B SHIPPING
8.0
Market
Лев
continued on the dull sido. However, prie
Such factors affecting countries vate forecast of sharp pick up 60 which produce a large part of in business this autumn helped
the world's exportable rice crops, prices considerably.
70-7016 December
were:
·Month
October
March May July October
Volume
Open
interest
16,500
133,106
$1,300
£57,200
23,700
002,700
Asia Nav
23.000
11,700
•
Bic
2010 a 02C
06,400
200
75,000 BUCKS, ETC.
or other far-reaching shifts of political power in the Far East
$4,000
894-70 6414-074
79-00
December March Total
5,000
130,000
5.100
K. Whart
may have on the situation.
Dock,
22.00
4,000
2,381,400 talen
Provident (0) 14,73. S'hai Dock.. BAG.
14.70
LAND, ETC
.. 10.40 10.60
101
10.00
S'hat, Land
$750 230
20
2.10 2.175
2.15
UTILITIES
Tram XD
.. 18.30 18.40 2000.
18.40
18.30
Star Ferry..
100 et 133
Yaumati Ferry 150
Switching operations between dealers as the market showed a firmer undertone in
company with London.
Prices of futures closed today as follows:
St
Ost.
Dec.
May
July
Oct.
DSC
35.700 34.99-35.00
33.50-00
35.78
39.67
34.07
13.00
35.00
NEW ORLEANS
Shipment offerings were re- ported light and generally above a workable basis. Spot market activity locally was moderate, involving sales for December at 24% cents and 24% cents: one steet fo: September at 24% dints and September bark
Prices of futures closed today at 19% rents a pound, all landed basis, as follows: Spot No. 1 sheets were quoted 24 cents nominal, One of the most frequent and
Future closings were: common effects of these my-
Doc. Mar sterious dark
the May patches on sun's surface is the interferencé July
to long
distance Bept. they cause the radio communications. physics
Observations obtained from a design for a saucer-shaped receiving "car" about 250 feet these and several other unique
devised in diameter, to be
supported aerials,
If the telescope provides the When C.S.I.B.O. vertical, the top of the aerial division, have given Australian answer to this problem only it
270 radio
plenty of' would justify its hugo cost.
between two towers.
would be something
It from the ground.
on
Like
Manchester nerint Tho mounted
rail and can be the ewung 300 degrees. How Australian corial would be mounted to allow
it to rotato
has not been decided.
The
have
ists,
sed
*
radio
*
telescope would
a number
of valuable
It is most certain, to be
to study the sun, and
perhaps reveal the zhystery
of
sunspots, to plot the position
of
non-luminou rádió stars
for
Invisible to ordinary telescopes;
astronomers
Council
Of Europe Adopts Resolution
On East-West Trade
Strasbourg, Sept. 22.
The Council of Europe Consultative Assembly Hydrogen line workda today adopted by 66 votes to six with one absten- important ndy field tntion a resolution saying that East-West trade may
astronomy related to gaseous
inter-stellar matter invisible to opical telescopes.
ters which ard of Importance for the people of earth.”
We will be able to study in mote intimate detall, the sun and the moon and the planete Mary and Venus in particular
contribute to peaceful co-existence.
།་
of
West trade should be consider
ed as part of the general policy
states
LONDON
Oct.
54.70.
200
May
23.00 July
24.85
Ocf.
24.95
Kleo.
20.403
Mar.
The market was steady with No. 1 Rss spot quoted at 20-13/10
pence per lb. Prices;
No. is spot
3.05
69355
• BAO PADLO
Prices of futures closed todaý
UK Hotel
HK Land
XD
Humphreys Realty
as in the case of Indo-China, The market opened higher. could once
agari make rice and active with a number of commodity. And this large blocks of shares and this 170 scarce
would inevitably have grave re, trend maintained throughout
However, Just be peroussions on the supply of the session. such tropical produce as juté fore the close, a few stocks lost. and hard fibres.
a part of their gains, but they all finished well on the plus olde.
Chicago Grain
Market
Grain
Chicago, Sept. 22. markets, with the ex-
BALES
The session was the most Active of the week. Salós 10- talled 2,240,000 shares, corti→ pared with 1,770,000 yesterday?
Of the 1,770 issues traded.
G. Light (0) 1815 15.00 200 15.70 ception of soybeans, declined 892. closed higher 343 closed
2300 16.80
od 15.20 amid increased selling on the lower and 280 held unchanged. 1000 15.00 Board of Trade today. Export New highs were registered by
C. Light (N) 12.40 12.00 2000 12.60 dealer buying accounted for 400 stocks and two made lows.
Pan American
World Air- 50926.90 atop-joss orders and prices des ways led the market in turn-
clined
depressed over with 40,900 shares chang
$3
and rye ran into
2.co taking on the news that Westerng hands. The stock closed
2000 32.50
Electio
al 32 2200 0 32 Telephone ..2050 17.10
400 V 27 10027
firmer tone in soybeans.
Selling in wheat uncovered
hedging
INDUSTRIALS
Cament
2016 100 @ 29.TO
2014-20
Oct/Dec.
2025-203
in cruzeiros per kilo as follows:
October December 20-9/15-2016 March
Jan/Mar
2011-2016
Apr/June
2011-201
May July
July/Sept.
20%-231/
October
28.47
28.30 29.50 STORES, ITC 28.00 48.00
500 6 29.48
201
Flope
17.00
Dairy XD.. Wation
24.90
LA Crawford
Sept
Oct.
Nov.
Estate dropE
Bettlement house term: Oct.
General marketa, cif bars, ports;
20.0
20-8/14-23-11/16 (In the United States, the average price of 15/16 middling 20-9/18-20-11/10 cotton at 10 designated spot AMSTERDAM
markets was 34.77 cents per ID, The market was steady, Sales at these centres totalled Prices closed today in gullders 87,808 bales.) per kilogram, CIF, Oct. as
follows:
No. 1 rubber No. 2 rubber No. 3 Tubber
No. 1 crepe
3.02 paid
2.01 buyers
2.09 buyers 2.25 buyers “United Press.
COAL INDUSTRY
SHOWS LOSS
London, Sept. 22. The full text of the resolutioni "A. The conduct of East- The nationalist British
coal Dr E.G. Howan, chief of the was:
Industry showed an overall · loss radio physics division of
"The Assembly is determined
of £284,005 the
for the second C.S.I.R.O
who announced. to spare no effort to promote of the West towards the Eastern quarter of the year compared the Carnegie Corporation gift, the nations of the world.
bloc the peaceful co-existence
with a profit of $754,401 for said:
"B. Having regard to the the first quarter. Output for the "Believing that the develop nature of the Soviet policy the sooond quarter was 49,504,846
of such trade tona, learn an awful lot about mat- contribute to that end, the addition to its economic
"With this, telescope, we willment of East-West trade will politicst effect
must be taken into account, in The average earnings for all- "Noting with satisfaction
ad-coul workers was 212, 48. 7d. a work done within the Economie vintages,” Commission
week.---China Mail Special. for Europe by.
༥ Subject to the foregoing promoting trade relations be considerations member tween East and West should encourage and develop
such trade. Taking into account the action of COCOM (Consultative take place on a basis satisfactory "D. No such development can Group Co-ordinating Com-
to the
Western powers...unless co-ordinate the conduct of policy with red to i To instruct experts to don sider how such co-ordination could most practically be imple- monted with particular: regard to | tho = posibility of establishing m contról organisation. through which Hast-West trade would so. 999 co-ordinarted and which would be open to the membership of eli Western states, whether – mém-
Australian radio, "ästronenden, mittés)
· have already, dllcdvered fnore "Dealevus of co-operation be they than 100 radit stars and other twown member countries for the source of radio, alone with the purpose of promoting trade several aerial viney have built with the East.
at a folk or the cost of the
one..
This equiprosent thélices: serial na powermi as, the pro- posted new falescope will bev
Lowever
31 does not have the kope zadat
NO DISADVANTAGE
the Intántion in
ETHIE
London Foreign Exchange
New York Montree Amerterdam
Stockholm Zurich
Excha
Note: The Liverpool · cottori prieta Unlled Prese,
WETU
COTTONS
Напук Texule Cory. MISCELLANEOUS
10.10 10.30 1500 @ 10.20
Yangu, **
525 1060 @ 5.0 Allied *** 19423% 2000 @4.2211⁄2
with a gain of % to $152. Germany decided to hold off Royal Dutch, a recent newcomer on the "big board", finished in ryo on purchases of North American ry
the second pot with 34,700 until the first week in October,
factor affecting the shores transacted. It spurred Another markets adversely was the report 1% points to $00.
Western
of warmer weather in
Also the oils, Standard Oll Canada, with
no frost, of con- Company (Indiana), was the bell- sequence during the night,
wether on rumours of stock It closed with a gain of Wheat closed off 1% to 2%
Split, cente, soybeans up 2% to 4% 84 points to $8914: Shell Oil finished with an improvement of cents.
At Winnipeg, whoit web
Bond 1% pointa to $531⁄2. priced at 161% cents for No. 3, volume totalled in the New York. Northers, end for No. 5, it was Stock Exchange $3,520,000, and 155% corte-United Press. the American Stock Exchange
volume, was 670,000 shares.
not received New York Foreign CHICAGO GRAIN PRICES
NEW YORK SILK FUTURES
New York, Sept.
Slik futures today closed una changed to three Celts lower with no sales reported. Closing pflees were.
Oct.
Doo.
MAY
Aug.
450
United
GOT).
Exchange
Chicago, Sept. 22. Rries per bushel in cents:
Closing Prices Wheat, No. 2, red; g $1.03 9/2Bpot.
2.8-2.71
Sept. 215(H) 213(LI
New York, Sept. 22.
1.03 Future; 30-day 103 13744, 1.3334
90-day
1/18 Lois 3-month
May
DOW JONES AVERAGES
Dow Jones closing averages or Wall Street today word am follows:
20. Industrial
¿Consts, future,ptive Index
Spol:
Canada England-usomalal
30-day futurva 90-day futures Canadian dollar male:
buyers sellers July high
163 9/22 Corn, No. 2, yellow
2104-110
20 ralis...
2.80 1/2 Dec.
· 18 · utilities
2.80 1/33 MT.
40 bonda.........
201
Soot
Sept.
Doc.
Mar.
10314
10% 158**
deisted
-United Press.
July
Ryo
Bapt.
Osts
ybeam, No. 2, yellow.
dělated
Japanese Bank- For Singapore
Singapore, Sept. 22.
May Job Barity,
pot
New York Boar
w
14016
140-150
$16,40
-Valled
New York Sugar Market
New York, Sept. 22. World No:4 sugar futur glowed 1 point higher to 1 point. lowes with mica of 128 con») tracts).
Domestic No, sugar futures closed unchanged to 0 points) lower with sales of 217 con-
World futures - held reïntively The Bank of Tokyo which began operations to ck:......
atcndy whilo "domestie futures folt the weight" of, diquidatiore on August the first year as a specialised foreign WINNIPED GRAIN
and hedge selling as the raw bank will open an agency in Singapore "very
Winnipcy, Sept. 227"); | marlent hit a new low for dist Pricia per buhel in Chadian | Yerk.
closings werdi put. Contrast: NOV 4 (World)
BOON.
conta:
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