1954-10-14 — Page 9

THE CHINA MAIL THURSDAY, OCTOBER

NEW METHOD USED FOR DEMOLITION OF BRIDGE.

1954

1

The Nordbahn Bridge on the Danube in Vienna, which was damaged in 1945, demolished by a new method. After placing wooden pillara beneath the bridge, the old supports were removed. The wooden pillars were then set alight after being covered with fuel all. The burning pillars collapsed under the weight of the bridge which weighs 300 tons, bringing it down. The new method is time-saving and it dispenses with the creation of scaffolding, and there is less risk to Bfe as further scrapping. Is done after the bridge had

collapsed.—Express Photo.

MODERN REPLICA

OF ATHEN'S ANCIENT STOA

Athens, Oct. 13.

As American archaeologists finish their excavations of the ancient Greek Agora (Market Place or Civic Centre) here, a unique new museum is rising to house their finds.

This museum is at once ancient and modern. For although it has been carefully underpinned with reinforced concrete, by ..the most up-to-date methods, the visible part of it will rise as a replica of the ancient Stoa which stood on the site at least 2,100 years ago.

NY

ALLT MEDIPC'E

Bank Of

Of England Butter Oil Snaps Sterling

Back To Par

London, Oct. 13.

Britain's gold and dollar reserves fell by 17 million dollars during September, the Treasury has announced. They stood at 2,901 million dollars on September 30. ́*-

Barring only certain months which had abnormal debt repayments, September was the first month in two years to have any loss at all in

For Pakistan

Washington, ̈ Øst, · 12. The

· Departinets of Agriculture arounded.yea terday that offers have been requested to convert approximately 2,800,000 pounds of Government- owned. ›bulter info · butter oil for export to Pakistan,

Officials Mald should be as soon as POS- sible and completed by: December 31. This

SECTION

Giant Power Scheme Planned In Wales

London, Oct. 13.

The British Electricity Authority is to seek Parliamentary approval for a giant hydro-electric power scheme in North Wales the first of any considerable size in Britain: delivery

Pro-

ramme li similar to oas under which butter oil has Been supplied to the United Nations Rellat Works Agency-United Prem

Britain's reserves. Adjusted for debt repay- HONGKONG

ments, they had risen uninterruptedly in, every single month of the previous two years.

In the circumstances, both; the tolaj August-September de- official and unofficial British Act of 17 million dollars was observers regarded the Septem- regarded as a remarkably small ber loss as gratifyingly small, reversal of the previous big

surpluses. During the month, Britain received nine million dollars of defence ald from the United 'States. She paid 12 million dollars to the European Pay- menis Union, in part settlement of her August deficit, and an- other two million dollars off her old debt to certain EPU countries.

Her ordinary dollar transac tions in September thus resulted in a deficit of 12 million dollars. This followed a similar deficit of Ave million dollars in January-July.

For the two pesk months off seasonal preKSUTE1 on sterling,

STOCK EXCHANGE

་ ་་

(From Our Correspondent?

Business doné

Up to last Tuesday, Septem- ber 28, the Bank of England allowed the seasonal pressure to tall on the sterling exchange rate, lostead of supporting the Noon rate at the expense of the dollar reserves.

Last Tuesday week, when sterling had fallen to its lowost in two years, the Banks of England did intervene, and brought a sharp rally. Sterling promptly mapped back virtual- ly up to its par value, and has since stayed there.

how

Today's figures reveal few dollars the Bank of Eng, Jand had to spend to achieve this result. Its show of will

The proposals, for the develop ment of the Festiniog pumped- storage and Rheidol

cigotric schemes, il authorised by NEW YORK

Parliament, would together bo capable of providing BOME, 340,000 kilowatts of auditional electricity,

Announcing the scheme the Electricity. Authority said the works would be near the village of Blaenau Festiniog and clos [to the mining distřici,

There would be no interfor- ence, with the natural beauty of the area.

The schemd would use

STOCK MARKET

New York, Oct. 18, Railroad shares and a the large group of "special" in- existing Llyn Stwlan 18

andustrials moved up sharply uppor reservoir, the storage capacity of which would be in- In an irregular, moderately creased by a concrete dam 901t.active, stock market today. high and about 9001t, leng.

The lower reservoir would be Loading Industrials wero down formed by another concrete dam a few cents on average rails, on the Hong- kong Stock Exchange this morn-35, high and about 1,800rt, long however, spurted more than $1 Immediately upstream of The on average with iraividual galis ing amounted to $346,780.10. village of Tan-y-Gristau,

ranging to almost 8 points in quotations and the

The Rheidol hydro-electric Union Pacific. morning's transactions:

Utilities Were scheme is situated about ten drm. IIARES BUYERS SELLERS SALES miles due cast of, Aberystwyth,

Cardiganshire,

Volume for the session - Part of the annual $3,000,000 [ereased to 2,070,000 shares. 70 or 1700 units from this scheme would be

30

f

1UT

BANKS

HK Bante

22 1700 1800 10 1700 East Asia.. INSURANCES

197

Union...... 325 Lombard ... Underwriters SHIPPING

Waterboat 20.20 DOCKS, ETC.

Ka Whart.. Dock Provident

(Old) Wheelock

World Rubber ingness to support the rate Op- LAND. STC.

Markets

Singapore, Oct. 13. The rubber market opened

Hotel

50

E

*7

1000

22.00

14.70

7% 7.05 500 @ 1.60

11 11.10 2100 @ 13.

07 随 83 G 571

300 60 20

ik Land

A

Humphreys Realty UTILIZES

210 215

parently sufficed to do the trick,

Foreign

exchange experts described the Incident as tribute to tho. underlying strength of sterling, as well as to the Bank of England's əkilli - China Mail technical

frm and advanced on trade buy Special.

ink and good overecas accep tances. Later there was proft- taking and some selling which

reduced prices nearly cent. But in the afternoon, prices again adviziced with sellers" reserved. Future closings were:

The Stoa of Attalos, as

plcture of associated with the study of Inside, is the wos called when the Agora was the youth crouching as if ready to the results of the excavations. political, commercial and social start a race. In one hand, ho

No. 1 rubber per 18. Oct. 1124-73 centro of Athens,

Their formed part holds his staff, in the other a

work has

Nov. 774b added

Dee, ub of the eastern boundary of this rabbit, by the ears.

enormously to our knowledge

No. 2 rubber par 1b. Oct. 771 "Gathering Place" which four-

of the way of life of the No. ished from the time of Solon

citizens of ancient Athens and No, (the early 6th century, B.C.)

even, of its politicians. There is until it was sucked in the year

one round building which was 207 A.D.

the Senator's club house where they gathered to eat, drink and relax, and ovin to sleep when they talked until it was too late to go home.

onc

On the outside, are depicted two scenes:

showing Dionysos and his followers, and the other the last moments the singl: combat between

The work of reconstruction of | Achilles and Memnon, the Stoa begon in June 1953 and

has gone on stendily ever since.

Today, masone, traditional skills,

using

of

Spot rubber unbaled Blanket crepo No. 1 pale crepe

NEW YORK

74-1414 00-87

Futures today closed 5 to 16 points higher with sales of 56 contracts./.

Discussions

On Far East Trade

New York, Oct. 13.. The annual conference of topi level representatives of business and govemment from the United States and the Far East will get. underway here tomorrow, Early strength, caused by the Thee of the two-day rise in the primary markets over monsored by the Far East- our holiday, flattened out when ƑAmerican Counell of Commerce the demand failed to generate fund-Industry will be "strenghen- any follow-through buying ing economic ties between the

Unites States and Ado."

power.

In the spot market, factories and other buyers continued to mark Ume. Spot No. 1 Rs were quoted nominally 20% cents a pound. Future closings were:

Tam ...... 4.20 18.40° 050 3 18.20-

fed into the entional grid.

The remainder would be used to supply local loads, increasing with demand,

Royal Dutch, a recent active ond sharply higher feature, ran up another 2% points to $70 in the day's heaviest turnover, Tido Water Associated and Texas Instruments followed. Both were hights.

World Cotton Several stocks refected cor-

Cotton

Markets

porate announcements.

Aluminium Ltd.,. climbed. 2 points to 306 ns the Company announced plans to incrcast. New York, Oct. 13. capitalisation to pave the way prices today see for stock offerings to finance expansion. Inter- Bawed narrowly in a less active planned

tional Business Machines rose 2 market.

At the close the list ruled un-points as the Company an changed to up 4 points. The nounced sharply higher earnings 1500market opened up 1. to 9 points, for the first nine months.

New Orleans' closed up 3 to 4

Bter Ferry 131 130 Yma Ferry

450 18.20

200 44 18.20

C. Light (0) (S) 15.7 C. Light (N) 12:40 12, Eléctric

Telephone

INDUSTRIALS ...Oembizi

143

-3116

26.70 27

30% 2312

20.10

17.80

24.30 24.60 300

27 17.30 12000

(N)

23.00 100.7 23.40

400 @ 04

Hope STORES,

Dairy Watson

1 Crawford COTTONS *Textiles MISCELLANEOUS

Allied

points.

Final evening-up.

operations

Tobaccos, off sharply yester- day on. adverse

publlefly.

in the October delivery no dipped fractionally-9% point cupied attention in the foreach in. Liggett and Meyers and moon. Later, traders marked American Tobacco,

'time' nwalting fresh crop news, along with textile market, de 34.20

velopments and the report on 24.40 120 producer entries under the lean 11.10 | programme. 17.10

Steel shores unchanged,

were virtually

of 1,178 issues traded, - 467 were lower, 435 higher.

The October contract entries went of

The New York Stock Ex the Board in mid. noon hour, closing at 34.83 change bond volume wILS conte a pound after selling as $9,130,000.

*** 225 4.25 4000 § 4.221 low as 34.62 ctute. Final des The

livery notices covered 2,500 change volume-

meting Chicago Grain

Market

American Stock PEK- was 120,000 balca.

In the afternoon, prices backed shares. and filed narrowly with scale-

DOW-JONES' AVERAGES - hedge selling acting to

the rallies, while trade Dow Jones closing averages buying and covering, cushioned on Wall Street today were as the declines below the previous follows; worksta close.

{1:30, Lodustria} The export picture featured 20 and

curly

bonda

Chicago, Oct. 13.5. Selling was attracted to Among the highlights of the early price declines on the Board i nows that Formosa has been 18 urities conference will be addresses by of trade today, and most grains by Uniicut States raw: cotton com future

granted a $3,800,000. credit to stacks Mohammed Alf, Primo Mint were boosted to firm or strong under the economic aid orse- of Pakistan; James Barrington," Ambassador of Burma; Badaovels,

ment. It is understood that the

price index

-United

Oct

Iguchi, Japanese Ambassador to Wheat traders took note of an first shipment will be made on 27.08 the United States; Pota Sarasin tides, of: 15,000 tons of four which Dec. 31, and the final delivery

Ambassador of Thailand; the United Nations. Children's to be made by March 31, 1955, New York Sugar

Another cup, a drinking cup, In addition to underplaning the has the name Simon scratched ancient foundations with con- on its base. It was found in a The fact that most of the crete, work has been carried | building which is thought to buildings were destroyed at the out to ensure adequate drain-have been a shoe-maker's shop sack of Athens and that much age round the building.

and archaeologists think that it of the material was used later may have belonged to Simon. for new fortifications, has com- their the shoe-maker at whose house plicated the task of the modern are hard at | Socrates is, reported to have excavators and reconstructors. work cutting and polishing the been a frequent quest.

But, today, the wilole plan is marble blocks which are to be

there and it needs tție im- used for the new building. But

agination to people it with although some of the work is

generations long bygone: still done by hand, modern machines are being used to

Within a few years, too, it speed up some of the processes The now museun,

come to life even more with its will involveti.

is the shady colonnade will shelter its vividly. For not only modern visitors from the heat museum to be housed in the Up from the foundations, the of the sun as the ancient new-anclent Ston, but the ex- back wall has already risen to colonnades sheltered the citizens

"and avenRUCT. BIS. cavaled streets about one half of its original of Athens who came

be

lined with troes

and to buy to height, and the terrace retaining their food in the markets, to shrubs. Grovta are to be plent the wall has been finished... attend political meetings,

The market was quiet after e conference will also hear to ed as in the ancient Agora, and will grow again The first marble blocks have listen, perhaps, to Socrates talk-plane trees

were ones ing with his disciples in the where plane trees been laid in the line of steps Stoa at Zeus, to hear a concert planted by the beneath the front part of the in the Odelon or to

Kimon. worship colonnade and many

of the their gods in the great marble basca, shafts and capitals of the temple of Hephaistos, better columns have been worked and known today as the Theseum. are ready for use when building is for 'enough advanced.

the

It is hoped that the new Ston will be completed during 1957,

Doric Columns

Below this temple and slight-

ly to the north, is the Altar of

statesman

Poplar Trees

The poplar tree,, on, which

Dec. Mar.

May July

Sept.

Dec.

LONDON

No. 1 I spot.........

Settlement house form: November

20.90

tho 25.80 Mookarto Notowidigo, the Roller. Organisation plans, to buy 20.80 26.75 Ambassador of Indonesia

and 20.76 R:.8. S. Gunwardene, Ceylon's Ambassador to the United States

Market

New York, 13.

World No. 4 sugar futures

710,700 closed today unchanged-

no sales reported.:

100 Domestic No. 6 sugar futures 2,301,600 closed 1 paint figher to 1 peint

bales lower with sales of 184 con

tracts.

231-23%

Decomber

Jan/Mar.

Abr/June

23-231

Juty/Sept.

General markets, clf basis, October

October December reports Indicated March Arm with No. 1 Ra'spot quoted

talks by C, D. Deshmukh, clear over the United States and May at 234 pence per lb. Prices.

Finance Minister of India and Canadian grain belts this morn-July 2314-23% Senator Jose P. Laurel of the ing. enabling farmers to

and

Miguel A Unue harvesting and markeling Philippines

Governor of the of crops halted during the week- * 231-281 Cuaderno,

235 Central Bank of the Philippines. end downpours...

-United Prusa.

Wheat closed unchanged to up 3⁄4 cent; soybeana up 1% to 345 cents

as follows: Spot. At Winnipeg, whent was prieta Ost ́at-161 1⁄2 - cente a busheltos || Mar No. 3, and for No. 5, it was at | May July 1557% cents

Oct.

Mara

Trading volumes and openi next work, Egypt expected interests in the Exchange were: In the misirket for 10,000 tons Month

Volume Open the following week.

Weather

Interest

0,200

#430

13,000

054,000

12.800.

647,100

333300.

14,300

ats 200

October con December

March Total

2,500

94,200

63300

NEW YORK

NEW ORLEANS Prices of futures closed today

follows:

Jan.

May

November

the Twelve Gods which was were once paned the names of December said to be the centre

of the bag wamen, will be followed by city of Athens and from which another on the traditional sito.

all distances were measured,

Estate crepe thick

Estate crepe thin

AMSTERDAM

LONDON METAL

stead,

PRICES

London, Oct. 18. `motál-markets. werd The market was strong, Prices

· Prices closed today In in guildets per kilogram, CIF, sterling per long ton as November were as follows: No. 1 rubber

No rubber No. 2.rubber No. 1 crepe

...ni it·

Same 4,500 wild Bowers :

The Theseum, one. of the Greece, is said to have a larger best

eck variety of wild flowers than preserved of By that time. thebullding temples, situated on

slightly any other country in Europe alone, without the tings necd-higher ground, dominates the will flourish as of yore and a ed to equip it as a museum, is

the west. Within formal garden (known to have. expected to have

cost about orain

the existed because flower pots in about its marble colonnades, 72337,000. Thirty-one Doric tourist today may still see the which shrubs had been grown column on the lower floor, ultar on which the ancient were found there), will surround outside, will cost about £340 Greeks offered their sacrifices, the Temple of Hephaistos a each, while 10 Tonle columns and where, later, early Chris did in the time of Christ on the same floor but insido tians worshipped.. will cost over L350

Much of the each

money's Finds,

In the Fountain House in the finance the purchase of the alte, which will be moved

of the site, the excavations, and studies, the there 'from the several small southwest corner houses in which they are housed dating back to the late SL reconstruction of the Stoa and at present, include some 25,000 contury B.C, the visitor may finally the laying out of the vases daung from 3,000 B.C. to see deep hollows worn, in garden has come, from Mr John New York 207 A.D. 100,000 coins, 0.500 the parapet slabs by the water Retketeller J Inscriptions, and a collection of pitchers of many generations of

ballot used by the citizens of Athenienfi girls Athens to cast their votes for

for against the proposed banish-

persons considered

(thời nước of the Falty: There is also a fine colle

of ancient cooking utensils. and braaiers, many of which would not isak out of place, in ** mid-twentieth century holiday

"Among the dads of which thể fchueologia working at the

Untit Unl

2. buyers

follow

234 uger Tih 2.12 buyers -United Press,

London Foreign Exchange

Montreal

Work done to date his cost Just short of £670,000 pf Wert Mark which). Mr. Rockefeller: kontri- | zurich buted 1.115.0

oreign

Lead

Zine

CHICAGO: GRAIN, PRICES,

Chicago, Oct. 13. Prices per bushel in cents:

Closing Prices

934

Whent, No. 2, red

(3209|(31) 21595 (9

NEW YORK METAL FUTURES

Now

York Out

Refinery

and commission

Prices of futures closed today houses were reported on both

sides of the domestic contract Expired The threat of a truck workers 34.06-67 strilog over the coming work.. end stimulated more consumer Interest in supplies, refiners noted.

15: Future closings:

Contact No. 4, (world)

LIVERPOOL.

Closing 20 prices, • American middling? «15/10 inch,`in - penco per. Iba were as follows:

Oct/

British

Producti

MARY

July

KARAKA BRZ8885