1954-10-01 — Page 9

Old Cornish Copper Mine Yielde Uranium Ore

THE CHINA MAIL, FRIDAY OCTOBER 1,

Wheal Edward Milne, on the edge of the cliffs at St Just, three miles from Land's End, Cornwall, England, may have a new lease of life as the result of work now being carried out by modern prospecters with geiger counters. For years the mine was worked for copper in the hey-day of Cornish mìning, but the financial structure of the old mineral companies made no provision for the time when underground exploration was necessary or when thinner, lodes were met and by 50 years ago most had closed, until today only two are working, both for tin.

Wheat Edward, however, attracted the attention of a prospecting geologist, Mr Richard Rumbold of London, who was surveying the whole af West Cornwall for radio-active material; combluing this work with the field testing of modern prospecting equipment. His reiger counter floked encouragingly when samples of øre were produced from the ancient mine and by scrambling down the cliff edge, he found a fairly easy means of access. Otherwise an elaborate winch gear would be needed to co down the vertical main shafts, which disappear dramatically Into the dark ground, Now is likely that a company will be formed to re-open the old mine for uranium ore.

This picture shows: Mr E. C. Murray and Mr Richard Rumbold texting the rock 120 feet down the old Wheal Edward Mine, for uranium, with a relger counter. – Express Photo,

UNIQUE EARLY BRONZE AGE

PALACE FOUND

Athens, Sept. 30.

DULL CONDITIONS

HONGKONG ON

SHARE MARKET

By A Special Correspondent

Trading on the Hongkong Stock Exchange fell away miserably this week leaving the market dull but steady..

Prices have hardly changed at all over the week. There was a slight drift on Wednesday's half-day trading. A few issues were marked a little lower but when volume expanded yesterday prices evened up.

Youmatis

0.001

firm at peak for a new or, bonus issue." Future lovels of $100 while the market prospects are excellent. walts for news of an increased dividend and/or the long-talked, The best of the 'Uulitics at the of barius Issue. The dividend moment appear to be Electrics is due at any time and China Lights, Electrics are selling at $311⁄2" and Lights at Cementa

continue to do ex-$15% There is nothing as yet tremely well. and yesterday suggest it but the market is reached $29.00-a new peak. 1 hoping there may be some news sudd last week their earnings for on about now Jesup by both! the first seven months of this companies.

now.

FOW-

World Rubber

Markets

#

(ID TERCE

Tea Market

Steady

Colombo, Sept. 18: Firmness of tow pricen

at the London auctions imperiód = steady" to

Prices moved higher. [day \ by. "Bricen Adenta". W

pound, countering, the e pected prics drop", stam« ming from recent Gay- trument Hetion] 'boosting the export duty from":60 to 75 cents a pound." An- other factor contributing to price siettineen: Is been the sailor-than-namal (of- føring) at the loosi, market, Oxerings of $6,500,000 Pounds ompared

offerings totalling more than 4,980,000 lbs.

Tan Iriders here expect the market to remali firm at: Iesat"un ill" the arrival of *now, *prope

monthCalled Press. T

SECTION

Steel Leaders Wait

For Lead

From Downing Street

London, Sept. 80.

British association with the European Iron and Steel Community is regarded here as a primarily political problem and steel leaders not prepared to express an opinion about it until they get a lead from Downing Street.

#re

Six months ago the political lead, was clear; the British Government was not prepared to accept the principles of fusion and supranationalism on which the Community is based. Following the Government lead the British Iron and Steel Federation gave an expression of its own views. These were that since fusion was out of the question association would be equally

World Cotton impractical.

Markets

..

!

The Federation thought that! a "half-in and half-out solution

to

thought it should

that M. Jean

NEW YORK STOCK MARKET

New York, Sept. 30. Prices on the stock mar

year were excellent. This week

BANKS STEADY I heard that their earnings during

of Britain's relations with the this perkel were better than

Banks ond Unions are

Community could not but lead their carbines for the whole, of very steady, Wheelocks are koro-

New York, Sept. 20.- last year The market is hoping ing firm and the market is hop-

constant friction." They for either an increased dividend ing for, good dividend news on lower and remained on the de- Colton prices today opened

better that Britain the Chaltman's

treat with the Com- from fensive for the rest of the Japan. Mr Marden is attending session..

munity as one independent State the

12th

International Con- Quiet dealings featured 0 with another.. ference of the Institute of Pacific steady dribble of liquidation, Relations By delegate for plus hedge selling while trade The political situation is now Britain

He returned to the buyers held purchases to scale-less clear, as a result of the Colony last week from England down limits.

break down of the EDC and the and was here for only a short Skeptical traders thought the British

Foreign

Secretary's time before leaving for Japan. crop Increase rumours could be efforts to put something in its ket moved downward again

exaggerated, although admitting place These events make

place. Lands are down slightly from opinion consensus did favour an possible Singapore, Sept. 30.

today, marking the second After opening slightly below last work's

price but as they upward revision.

consecutive decline. Monnet, the Chairman of the Community's yesterday's close thig market have Just been marked ex-

Traders experting a higher High Authority may find a mere ately. Industrial shares as

Trading was active moder steadied on trade and factory dividend, they are reasonably estimate said private

that steady. Nanyangs drifted a little indicate that with few excep- he comes to discuss Britain's hat losses ranging more than a

reports flexible outlook in London when group had the sell-off. buying. Afternoon THOWS

They Indonesia and Kussin were lower in the lethargie market. tlons, the crop recently has negotiating 109,000 tons of kower

"held

Specialdes its own," with some points relations to the Community some point." When you consider that about reporting that

time next month.

however grade rubber

net come demand with a few caused a sharp 70 per cent

ginning have of the business on been exceeding the yields and- advance, Thereafter, the mar-

stocks. remaining steady. WAIT AND SEE ket became irregular with some the Stock Exchange these days cipated earlier.

There were Tew stocks profit-taking in evidence,

is done by Chinese syndicates Trading volumes and open In-

bolstered by favourable cor- In private speculating in joint account with terests in the Exchange today

conversation steet porate developments. Market The

men advocate a "walt and see" observers thought that the de- market closed steady, brokers, you realise that public were: Business done up to 12 cents | interest at the moment is almost

attitude to participation in the cline of the market was due for Notasonth On per lb. In the afternoon. Future non-existent,

Open interest Community. If the plan is going correction because of the re- Monday.

Out

to be successful they would like cent advance with Industrial closings were:

Tuesday and Wednesday the Dec. Lurnover averaged just over | Mar) $400,000.

No. 1 rubber par 1b, Oct.

No. 2 rubber per lb. Oct. 719 No. 4

Nov 7111 Dec. unquoted

71-512 00%-70%

712-717

Blanket repe

801-811

No.

No. 1 pale crepa

A unique palace belonging to the early Bronze Age Spot rubber unbeled (2,200-2,100 Before Christ) has been uncovered by a team of ten American and Greek archaeologists, at Lerna, south of Argos, in the Peloponnese.

Lerna is an area little known except as the site of the legendary battle between Hercules (Heracles) and the Hydra- the second of Hercules' twelve Labours.

The Bronze Age prince was uncovered after two months of arduous digging under the clirection of 45-year-old Pro. fessor John

Caskey, of Cincinnati, who has bro Director of the American School of Archaeology in Athens for the past six years.

have

palace of some sort, possibly royal, comparable in scale and quality to bulkings ot the Mycenaean Age nearly millennium later.

now of

a

season was a large Shaft grove of the early Mycenaean period (about 1,000 B. C.) comparable in size and style, of construction fo those in the royal cemeteries of Mycenne.

"All this is ample proof of a high developed civilisation in n The grave, a huge rectangular period when we did not suspect pli, mensured just over 9 feet that such a civilisation existed." by nearly 12 feet and contain IL is unique for its size. Hitherto,

ed a filing of grey earth which archaeologists

What remains

this held many fragments of pottery believed that buildings in that ancient Bronze Age palace

are decorated in styles characteris remote period consisted of a walls to the height of more the of the earliest single room only,

Mycenaean only than one metre (over 3 feet)

period. ather indications of the exis- in many places. These were tence of a large early Bronze fortunately preserved by the Age building in Greece were very fire, whileh at some time produced by soundings taken by destroyed the building. It pre. German

at served the walls by

The

archaeologists

Mycenae where 11 cyclizat them.

Bronze Age building is believed |

to exist unter the royal palace.

The newly discovered palace has been named by archaeolog ists "the House of Tiica"--from the plain terra cotta plaques and slabs of schist which covered its Topf.

It is about 79 feet long and

about 35% feet wide and contains a number of rooms and large halis. The walls vary in thick- neza from 35 inches to over 39

inches and are amazingly well built for that early period.

baking

on

Few objects were found the floors of the bullding ex-

Some 8ft below the top, a very hard, unbroken layer of red clay was found which raised the hopes of the archaeologists that the tomb might be found undisturbed,

Digging through the clay, the grave itself was uncovered. Its

NEW YORK

Futures closed today 35 to 42 points higher with sales of 140 contracts.

Firmnces reflected the higher cables and Singapore rumours that

Russia was negotiating with Indonesia for 100,000 tons of lower grade rubber. Spot No. 1" Ib. Prices: Res were quoted at 26 cents per

Dec.

Mat.

May

July

Sept.

Dec.

LONDON

23.30

25.40

25.40

21.40

21.40

The market was fully steady with No. 1 Res spot quoted at 21-7/18 penco per lb.

Prices: 21%-2153 No. 1. Ras spot f

BetUement hoe term:

·2134-919%

November

December

Jan Mar

Apr/June

July/Sept.

21-22

TODAY'S SHARE PRICES

(From Our Correspondent)

Business done on the Hong- korig Stock Exchange this morning amounted to $278,401.- 40. Noon quotations and the morning's transactions:

SHARES BUYERS, SELLERS BALES

BANKS COM DA HK Bank... 1728 1736 20 1730

INSURANCES

Union

9024 $15 Lombard *** Underwriters

00

DOCKS, ETC.

X. Wbark: .... Dock

22.20 223: Provident (C)) 14.70 14.00 1800 Wheelock

LAND, ETC.

General markets, elt baxis, ports: HK Hotel October November

December Estate crepe thick Extate crepe thin

AMSTERDAM-

Prices The market was firm. closed today in guilders per

cept in one room where there floor was made of small white | kilogram; df Oct. as follows:

were a great number of pots as with the impression of signets with well By some 100 clay scals bearing linear patterns. "

pebbles and its walls lined with well built stone walls pointed yellow clay. But, In "It there was nothing whatsoever,

In an adjacent room, a series neither a scrap of bone nor a of completo: vessels, bowls and fragment of pottery.

saucers, goveral "sauceboats"

No. 1 rubber No. 3 mbber No. 3 rubber No. 1

стере

2.68 buyers

8.07 +J 2.00

2.31_paid *United Press,

with spouts and of characteristic iteve,

The grave, archaeologists be- New York Foreign

must either

Early Helladio shapes, a fine jug, robbed with

have been

'great thorough-

and a short-handled terra cotta ness and carefully reburled,

teaspoon, remarkably similar in was never occupied. form to our metal spoons to-

day, were uncovered.

If the anying of the famous French cook, Escomer, "Tell me what you eat so that I can tell

D

Canada

Exchange

England Australia New Zealand South Africa

Others

Indientions of the former existence of flights of, wooden, stairs and two external door ways are clear proof that the building had more than une you who you are" has some In spite of disappointment | Indio storey. What appears to be the truth in it these finds are proof that the grave was empty, it main entrance, in fact, does not that the people who dwelt in mere existence at Lern is be Press communicate with the ground "The House of Tiles had at-lieved to be a fact of great floor and archaeologiste sume talned the refinement of sauces archaeological Importance, Pre- therefore that the chief apart and teaspoons, In that case, viously, it appeared that tombs ments were above.

they, must have had a standard of this type and six occurred of civilisation hitherto un- only in royal capitals. The question which its discovery colesd, therefore, is 1 "Was Lorne another royal, orbital, "of the existence “of which, no!his- torical evidence has ove) before been found?

Professor Carkey, commenting suspected by archaeologists, on the now find, sald;

"What impresses one most, is ̧¡

the regularity of the building,

the precision, and excellence of

Stw construction, and perhaps

most of all the elegant, balance This year's finds of Professor

Further research and more.

·Lerns (some ka futu

of its planning: Myiopatola Cardony at Lems were not, how extensive salavations

every confined to "The House of may Clearly, the architect knew the Tiles." He found in addition his work well, handled feome to that while digging through trical measurements with ease, the various layers of the mounid through€TMRAI "the" #cbér?M?'0%.: tho\'which first câused him to think buildingvând câred enough that † there: wks, the site ht? an.

"thig his 'ancient settlement there UbhOALS

Wate

New York, Sept. 30. 01.03 3/16

2.7 13/16 2.68-270

278 10/16 2.80 2/16 100 United

London Foreign Exchange

London," Sept.

... 10,00 10.30 JE Lard 87% 8 Humphreys Realty.....

2.10.20

UTILITIES

Tram

18.20 1812

Star Terry

Yaumat) 1.

Terry

C.`Light (0) 15))

C. Lght (N)

Electric

Telephone,

INDUSTRIALS.

BTCLES, ETC.

Dairy

400

Vature 8.200 70,700

75,000 577,900

40500

May

00.000

605,300

Fidy

13,800

277,100

1700

21,400

Dea

3:00

558,400

Mar.

Total

3,800 193,800

48,300

2,400,000 bajes

NEW YORK

to be in it, but if it is going to shares moved to their best since

fall they would like to keep clear

of the numerous Bureaucratic restrictions which membership of the Community entails..

September 19, 1929,

.

CHRYSLER FLURRY Chrysler had a flurry, at ese ume in the overnight announce Market-wise the steel output awarded a large contract to ment that the Company". Was

is seen as follow: ff the steel build tanks. The upswing, how-

Prices of futures closed today Community is a success it will ever, did not last long and succeed in pushing British steel Chrysler finished with a loss of out of the European markets, V4 to 108.j

as follows:

Spol

33.00

Oct.

34.91

Dec.

36.13

Mor.

35.38

May

34.52

July

33:39

Oct.

34.89

Dec.

34.04

Mar.

34.99

NEW ORLEANS

but these markets ́are not af present of much importance to Briteln

In the volatile oll section, Cities Service was a bright spot with an improvement of 1%.

Of the 1177 issues traded, 360 Much more important is the closed lower, 360 finished higher sterling area. Here British steel and 279 held unchanged.. enjoys a small tariff preference

Sales today totalled : 1,840,000 and here it sells most of its ex-phores,

The New York Stock Exchange port. If it were a question of

Prices of futures closed today sacrificing a preferential positions Lord volume was $2,924,000. as follows:

Spok

Dec.

Mar

May

Judy

Dec.

14.33

34.53

34.37 36.50-31

15.40

In the sterling area for the sake The American Stock Exchange

of keeping a foothold in the volume was 640,000 shares, European market rid Brish Dow-Jonespring averages steelman would hesitate. He were:

would much prefer to keep his 20, industrials position in the sterling aren? YA KUE KERIN [\\"] #3", stock) 1... 40 bonda Commutate"price

TEST CASE

Chicago Grain

But this may not be possible. LIVERPOOL

The British dominions and even the colonies are increasingly de Omelal values for spot cottons manding the right to

from buy include: (in pence per tb.).

the cheapest and best | American middling;

18/100 inch 2333 respective of nationality,

respect the Anglo-Japántose 2.00 Mexican middling

70

3-32nd Inch $4.13 was a test caso. By

this agree Othem were unchanged,

Liverpool, svtion hitares prices merit the colonies obtained the strong advances on the Board of were not koczivod)--

right to import Japanese textiles they wanted them, even prove

16th-Inch 20.50 | "Prement signed earlier this you

this

to Market kas min

Chicagoj Bept. 30, Soybeans continued to make Trade toda cam

SAO PAULO, Futures closing prices. In damaging to the British texte cruzeiros per kilo were as fol-industry in Lancashire. Flowm

*If, sterling ares steel markets

May

31.50

July

20.70

30.30

traced to; scditions againtailġin-se Strength in the guybeans was the Emidwestem Crop bold and lower cash receipts reaching to heavy shipments that week an Monday of new crop beans for On Sepiamber contracts,

Fire to be opened to European AVOIDAAN ealers also bought.;

20.90 vantageon it might be, ad-; soybeans and whekt.). FormIOS8,-

23.90

for the British in- bought an

"estimated. 780,000

to the European bushels of United States, soy-

(In the United States, the dustry to belong 29.80 average price of 18/16 middling Community. Some of the steel beans overnight for shipment Cement 270 50 1000

23.00 cotton at 10 designated spot odders say that without Britain during November, Portugal Rope

17.70 200 9, 173markets were" 84.02 cents athe Community would

be purchased 850,000 bushels of US pound; Sales at these contres dominated by the Germans and red whenk totalled 44,100 bales)United they would like to avoid a situa»

Canadian Press.

tion in which Britain's sterling settled with scattered showers area markets would be challenged and lower by a German-dominated, cartel. several wealeen provinces. Trost

(was reported in "Alberta.in. SIMILAR ADVANTAGES B *Whost: clowed up 1% to!

Watson

COTTONS

23.00

) 10,30 000`s 10

MISC AKPANIOUS

Allied

4.25 3000 da 6,225

New York Sugar Market

Tyre Company For Cairo

British participation in the cents per bushelp stoel pool would have sinillae ndi

"At Winnipeg, Wheel, was priced New York, Sept. 30., vantages as regards competitioři | ht 161% cette a bushel for No. 8. World No.tagne futures, Im Tartin American markets. If | Northern, and for tjo. 2, it wa closed today unchanged to 2 Britain, were a member of the #1 160 k) cantar, masterpi points lower with · sules of 31 | Community: It., would be possible ~CHICAGO GEAIN PRICES) -

ng to lagerte on mestres that would contracts.

Domestic No. 6 sugar futures elimbunte much

much uneconomie com→

announced today slowed 1 point lower to 2 points petition, thende WARRENA-I

· Mansfield, Sept. 33. The

MarmoldTyre and Hubber Co. that it has completed?"negutin- thor for the establiment of $3,000,000 Lyre and the menu-

acturing plant la Cairo.

A building to house the

higher with... sales of „338 - con=

tracoid future aged with pro-

World, faturda t-taking and domestic. Fuures met some liquidation and hedge selling. Future eltsings?"

Contract, NY

ngant son die Community, a at present constituted, becoming a success? As long as miture remaing: a possibility" the Bilish 'abook (lauchantey" will not want the

But these advantages are con

Went ✨ independence for the sationa” that, may

Early H