1954-11-12 — Page 9

241-51

"Genevieve", nearest the camers, taking part in the private race home from Brighton

in the J. Arthur Back film of that name,

THE CHINA MAIL, FRIDAY, NOVEMBER 12, 1954.

'Genevieve' Will Be On

Her Way To Brighton On Sunday

London, Nov. 11.

More than 200 cars, all at least 50 years old, will leave London on Sunday in an attempt to drive the 52 miles to Brighton, on the South Coast, at an average speed of 20 miles an hour.

It will almost certainly be raining, misty, and rather cold. But that only seems to add to the pleasure of the crews of these strange-looking horseless carriages.

These

mer-and WOTION will be paid nothing for doing | carburettor

The man who te a modern, petrol-driven model still run- or ignition systemning. It is » Hammel from 10 veteran is clussed with men Denmark, made In 1888-7, and who shoot fuxes.

smoke will take part in the London-

or Brighton run. with

bond on. the

with blue Thore brown boola

older cars, but elther they no longer work, or else they are driven by steam or electricity.

if they succeed in reaching eignet

the seaside town

within the their only re- bronze mestat

woar

sulta.

of

The

specified time, ward purely sentimental value.

15 a

year

there Is a

themselven

cars

an

re

TRADE and COMMERCE SECTION

P.I. SUGAR INDUSTRY World Rubber

Exports To America NEW YORK British Exports

A Necessary Dollar Source

WILL FILL QUOTA

Washington, Nov. 11.

STOCK MARKET

New York, Nov. 11. Rail shares spurted AS: much us 4 points today to pace stocks to new quarter- century highs in active trad. ing.

For workers in the financial

was n un- pleasant one-the first Veteran's

Day) session

Dr Urbano A. Zafra, the Philippines Embassy district the day Commercial Counsellor, today predicted that his (or Armistice country would fill its United States sugar quota | years, next year and end 1955 with an exportable surplus For market of over 200,000 tons.

operators, how- ever, it was most satisfactory. Prices in all sections climbed |

sharply. Volume was 2,900,000

shares,

Testifying at the Agriculture Department hearing on sugar quotas for 1955 Dr Zafra also sessions. only slightly below supported the domestic industry plea for Govern- ment action to achieve a good price for sugar.

"Barring destructive typhoons, į desfuctions for home consump- floods and unfavourable climate | Don. conditions

Demand for ralis was stumu. loved, market commentators said, na Investors put industrial profits lute the carriers in anti- elpation of a vise for that group ex-| as business in general picks up.

which have in the He said the Philippines past rul the size of the crop aspect to sell about 25,000 (ons much as 40 per cent." Dr Safre on the world market next year. salt, the Philippines in the Dr Zafre praised the "gener- current 1954-55 crop year ex-1 ets assistance" from the Ameri- peet to harvest tolat

ean and Philippines govern- 1,402,000 short ions of comments for the now complete int retal cent: Ifngal sugar

rehabilitation devastated

Inntisileal summary

of industry.

the Philippines suger position

of the Philippine

The prewar total of

for 1905, Dr Zafra sale total factories, he said,

able for export,

after making

Atlantic Coust Line soared 4. points. Union Pacific rose 3, Santa Fe 2%.

INDUSTRIAL GAINS

war Gains in Industrials ranged to sugar & points in Corning Glass. Toxas Gulf Sulphur ran up another 24 points in continued response to its stock split.

40

has been

re-

Bethlehem led steels higher with a rise of 2.

General Motors Improved nearly a point but Chrysler w03 weak spot, falling a point on top of yesterday's sharp sirop,

tuk supells Shonk be about reduced to 25. But these repre 1,544,000 Tonx, ineluding the

sume 1,000,000 ton 1954 carryover. ile said 119,- sent the 000 tons of this would be avail capacity as before the war.

IMPORTANT REVENUE

Dr Zafra made

a point of stressing the importance of Philippines's sutar venues to That country's still unfavourable balance

Reynolds Motals slumped 10 of trade.

points when directors declared a "Since sugar is one of our stock

dividendi but took major exports and therefore decision on

A stock splitt one of our main sources of subrequently recovered to $100, dollar exchange." Dr Zafra concluded,

respectfully Good gains

the The new cotton futures mar request

majority, however, and out of ket launched with great miatlon

World Cotton

Markets

Liverpool, Nov. 11.

"we tha 1л 1:13

of the

deter-

States

4

were in

enthusiasm on May 18, dnds it quirement of the United St 1,174 Ensure traded 645

the coming year, a slow and up-hill business to for

Secretary achieve the volume of futures in Co-trading which it needs.

Mr Albert Hummel had the

Innaties have banded

into h club, the Yet this

Veteran Car Club of Great Bri-

car made at his works record entry of 223 cars for the tain,, which has hundreds of penhagen to take him to and annual event.

members, owning primitive old

his home 12 miles away, from which rule their ilves.

It was exhibited in London in The reason for the run, called These

divided Into

two 1602, and then apparently for- affectionately, if rudely, theclasses! Veterans if mude begotten, and rusted in a shed at ald crocks'

is to cum- fore 1904 and Edwardians the Hamnet works the law passed in made between 1904 and 1910. memorate 1800 which allowed drivers of the new fangiel horselera carriage to LISC the highway

without man with a red flag walking in front,

To the Englishmun, who has always

regarded his wir mitre as a member

younger,

years.

for

many

The Royal Danish Automobile Club produced it briefly for its Silver Jubiler-after which it was lost for another 25 yours. It had been given to a museum, but they hart no space for and left it in a shed

it

cot- to

of

Agriculture consideration others.

ปาย wijl this

0

U.S. Merchant

take into factor

hmong The reason is that too many United Press. spinners, using American lons, still And it convenient do their hedging in New York although Liverpool, it is pointed oul, can furnish them the same protection and in the long run local futures market enjoying leen support is more economical

Than a foreig one.

ร

the

Ships Sold

Washington, Nov. 11. The number of privately owned Ualted States flag ocean going merchant ships declined during October was

by 18, totalling! over 200,000 deadweight tons, the American Merchant Marine

The! Institute reported today. decrease

it Wils the result transfer or sale abrond of 15 vessels and the loss of one dry |

vesel cargo casualty.

Trading In October Their blood-brothers are the

great disappointment. heavily moustached

following table makes clear. and check-capped gentry who Then mechanic Finn Jansen This table shows the dolly his family belung to the Vintage Sports rebuilt the car **as good as

reallyCar Club, who consider that no

and started the engine age of bargains, measured by bales, completed by munths. foggy vehlele worthy of the name | for U first time An half a November 14, 1800, when the ot

inotorvar has been made since century. He in the burners of

begun

I tool, motoring im that dreary,

Light iwcomotives ways Act became law and

could drive legally.

Winchilzce uf

new.

other.

ladina dura

bales

and after a

May P-June 30 J. ALI Sept

40 350

W2

12.57%

10.714

12.900

0 100

High- December 31, 1930. The fabu- the ignition fubes,

helous Bentley. winner of many warning-up spell called for two

Fares. died in Its old term apprentices. about this time.

"You swing her when I give The Earl

the word," he told one. coremonially shredded to pieces But the Vintage men, owning "What do I do?" asked the the luted Red Flag, symbol of cars made between 1010 and

dying age, And 30 bone-1930. Dnally adamit,

Ite shaking contraptions set out grudgingly, that there are some from The Metropole Hotel, sporting carriages made after London, for

Metropole 1030 in which one can ride.

To cover these they devised a

label,

Post-Vintage tor, now

the

Hotel, Brighton,

the

1

"Stand well buck and if your mate is killed you can swing the next time!" said Flan.

in spite of But the Hammel, its primitive surface carburet

started sweetly first time,

RICH MAN'S TOY Thoroughbred, which permits a firing on both cylinders.

In the next 30 years.

horseless carriage

quaint

transformed

transport of large numbers

people. The rich man's toy was by

The Hammel is not the cast

the Modern motorcars are classed est car to drive, because

the Initialed under the steering wheel has to be turned of Postwar the "wrong" way. Its chassis is Just like that of a horse-cart.

LIVERPOOL

Futures closings in Liverpool, American middling, 15/16 inch, in pence per lb. were as follows:

Dee. Jan.

NEW ORLEANS

34.30

05

marine

no

wero

higher, only 201 lower.

Houston Oil ran up more then

ants to feature olls. The New York Exchange bond volume was $4,280,000,

The American Stock Exchange volume was 920,000 shares.

DOW-JONES AVERAGES Dow-Jones closing averages on Wall Street

today were follows:

30 industrinis 20 ralia

uttles nb atceles 40 bunds

es

374.91

12740

14.03

173.60

-United Pres.

Cuma, futtire prien index,

In October

те

London, Nov. 11. The Board of Trade an- nounced today that corded exports for October totalled

£214,900,000 · slight increase on August and September figures.

But the total represented A six per cent end on returns for October Last year.

The Board of Trade warned that these

pro- visional figures dia Pot give any useful ladication of the trend of Britain's trade

the nation-wide dock strike in October.

of

will probably bo another two от throo months before the figures reflect settled conditiona agalu," a statement said.

Recorded re-exports in October amounted to £9,- 000,000. Recorded importa were £28,200,000, a 20 per cept decrER:20 on Beptem- ber figures.

British exports to North America In October pro- visionally totailed £23,- 100,000.Reuter,

Markets

Slagapore, Nov. 11, The rubber market was dull most of the day bit found good support at the closing levels.

Futures closing were:

No. 1 rubber per ib. Nov, 021-8315

Dec. 1244-13

Jan. unquoted No. 1 rubber per 1b. Nov, 023 No. 3

No. 4

Epot rubber unhaled

Blankel croPO

No,

pale trope

AMSTERDAM

027-821

2016-7732

91-92

The market was steady. Prices closed today in guilders per kilogram, CIF Doc, as follows:

No. 1 rubber No. a rubber No. 3 rubber No. 1 CDG

LONDON

3.37 buyers 1,36

2.34

The market was arm. No. 1 Rss spul quoted at 28% penco per lb. Prices:

No. 1 R spot ...... 231%-20%

Settlement house termi

December

Jet/Mar.

Apr/June

Jity/Sept.

Oct/Dec.

203%-2336

241-263%

24-241%

General markets, cif basis, ports;

November

December

Jarkary

24-7/10-24-9/10

2432-24 2411-244

Unlied Press.

Revival

Interest On

Of Buying

HK Stock Exchange

By A Special Correspondent

Hongkong Docks shone in the general all- round improvement in trading on the Hong- kong Stock Exchange yesterday. With the exception of Utilities and Hongkong Bank-which remained steady on the day and the week-prices moved forward on what market men describe as a "wide front."

$2.80 that

Docks apparently rose (up The fact that Banks and the on the week) on reports Utilities have not shared in the the company was about to rise would suggest that the dispose of some land, Another renewed interest is confined at whart company, China Provi-the moment

to those shares dents, was also up (from $14.40 which are in the news locally. to $18.10) on reports that they it is worth noting that brokers were selling Exxdowns.

at his stage are reluctant to say

was a

Turnover yesterday was higher whether yesterday's rise €0.62 than

for some days and the refoction af genuine investor Anal Agure quoted was $1,810,000. interest. However, the pattern The buying Interest was of tanding may become clearer centred on issues like Wheelocks, text wook. Providents. Docks, Lands, Humphreys, Hotels, Nanyanga and Allleds.

WHEELOCK GROUP UP

Chicago Grain

Prices

The privately owned Deet inj October numbered 763 dry cargo and combination vessels, total- ling 7,978,004 deadweight tons winch 410 tankers of 0,740,366 Wheat, No. 2, red

with 771 Spot tons. This compared

Dec. 2274(11) 2287%(L) care and canbiguation Mar. dry

0,002,730 tons | May vessels totalling and 424 tankers of 0,867,000 July Sept tons in September-Reuter.

Chicago, Nov. 11. Prices per bushel in cents:

Closing prices

Relaxed

London, Nov. '12.

1020

10219

1504

129-12012

The Whoclock group is up- possibly helped by fast Saturday's news that holders of more than the prescribed number of shares of the Hongkong Gas Company have ratified the provisional

agreement for the sale of shares to Wheelocks.

Hotels are holding steady and the market

is anticipating an

TODAY'S SHARE PRICES

(From Our Correspondant)

Business done on the. Hong-

arouncement soon on the galo kong Stock Exchange this of the Podder Street site to the morning amounted to $1,075,- Chinese syndicate which is re- 467.50. Noon quotations and

to be in negotiations with the morning's transactions:

SHARES BUYERS SELLERS SALES BANKA

ported to be in

the company.

In the Ulillly group,

Trams

have not been bothered by the

13214-133 apparent deadlock in the disputa between the company and the diamissed employees.

frm

They are Lights, Electrics and Telephones remai

virtually unchanged.

21210

21.75

Man/Aur May/June

3170

Corn, No. 2, yellow

31A7

Spot

214

1833

July/Aug.

31.03

Oct/Nov

Coffee Controls

Dec.

15787

Mar.

May

a

the

into the everyday

gentleman to ride in a car such

Talbot,

with a racing without loss of face, pedigree,

с мете 20 although it may be was years old.

NOT THE EASIEST

Official values for mot cottons in- clude:

July

Sept

American middling

15/16th bet

Bye

Tin inch....... Braziler

Dec.

20.20

of

នយ Paulo, good/fully/Rood Eryption Giza 30, good,

fully/good

15,63

42,10

The Board of Trade has an- |nounced that unrestricted

Mar.

Oats

Im-

Dec.

Others

were unchanged.

with a chain drive,

It will share the hazards of Vintage Movement has the London-Brighton run The grown astonishingly since the more than 50 other makes Then, in 1928, a London news-end of World War II.

the names long forgotten out- side the circles of the cult, paper with is oye no doubt

although

a few #tili famous more on circulation

American names like Cadillac, thing else.

Oldsmobile, and White Steamer

non-dollar countries Soybeans, No. 2, yellow under open general licence, In-Spot dividual Beences were previously Nov Jen. required for imports from coun- Prices of futures closed today tries outside the sterling area. May og follows:

perts of coffee is now permitted Mar from aB

845%

#435

holding rm at $18.80.

27036

2841-284

Mar.

207-208

with

of

Spot

Dec.

54.00

Mar.

34.30

May

34.01

of

July

34.48

Cocoa beans, cocoa butter and July other preparations may also be sept.

Barier, Imported from the sterling area spot under ogen general licence, from New York flour

corlain 200 lb. sack Western Europe and

Oct,

34.06

Dec.

34.13

other countries including Brazil. -Reuter

Mar.

34.00

will be there.

of

BAO PAULO

closing per kilo

LONDON WOOL

prices, in

TOP MARKET

were

119

brought within the reach of the universal heading mass of the people by men like Tinware, to be avoided at all Herbert Austin, with his "Baby costs if a man wants to retain Austin" and Bill Morris, now his self-respect. Lord Nuffield, a pioneer of the production line.

the veterans,

ore

Doc.

Mar.

MAY

July

Oct.

(In the United

of the

In the Industrials, Cements 286-207 continue

well on good

to do

284 285 company news and are up 78 24772-204 cents on the week.

131.180m

$14.901 United Prose.

LONDON LEAD AND ZINC

turn over meat to

LANE CRAWFORD'S RISE

Dairy Farms are about steady while Lano Crawfords have climbed from a buyer's quote of $23.00 last week to $25." There seems to be no particular reason for this rise unless it is the news that Government is London, Nov. 11. private enterprise. Wool ton futures closed Copper and lead were caller 30.40 steady with, however, no change while in Was it we prices In the Cotfors, Textiles are while Nanyangs have in- stoady of closed today in sterling per la proved ten cents on a good turn- over yesterday of'11,400 shares, In the Rubber section, higher 2781 zaw materiat prices in Singapore 2004% 301

London, Nov. 11.

32.10

in

downward

30.79 31.00

the

trend prices. Turnover was larger pt | ton as follows:

30.50

130 lots of 5,000 lbs. each.

1224-123

Copper

Apot

12314-12315 121-12132 120-1203

5-monita Land

Nov

*Feb

119-120 118-1101

Zine

Nov.

-118 4-110

busers pellers

218

110

105

1K Bank ** 1850 3030 65 @ 1830

INSURANCES

Union XD..

Lombard

8.10

Underwater

DOCKS, ETC.

71 000 70

Doc... 25.70 25 10

Provident

Wheelock

(0%). 15.10

KD

800 18.20

kain. 7.10 2.20 2000 @ 720 LAND. ETC.

HK Hotal. 1980 19,80 1500 @ 24,00

2000 IK Land

200 en di Humphreys Fealty .......... 2013: 2.10 0000 @ 2.10. UTILATT TES

10

18.80.

Yerry 180 Ymal Your

C. Light (0) 10.80.

Light, (3)

to

Telephot

INDUSTRIALS

Cement

(up about three cut-pound on the week) have given boost to 997 Amigarokteda 3 (ub

than any-

esoteric band From an motorists meeting in a country promoted the first inn some 20 miles from London,

it has became a Club with large membership.

"Cid Crock's Ravo,”

Club,

com-

The Royal Automobilo governing body of all petitive motoring in Britain, frowned Q3 the light-hearted comic approach of some of the veteran car drivers, and took

over the event.

It has beerk

run

Not least of the hazards this journey is the danger from

Futures Postwar Tinware, when drivers cruzteros of the hundreds of modern cars, follows: who accompany Many racing drivers are keen put on their brakes in a routine

that and turn up

the old Vintagents;

for way-forgotting

were made to go rather every year the regular monthly Noggin and cars

the meetings are than to stop. since, except for the war years, Natter, no

where and every year

the talks more old cars called, --they must be pre-1004 to

technical and the car park like weather, which is traditionally | average price and sales at 10 January qualify - ere unearthed In a museum show.

British Alm industry .. The and caught the mood with the film "Galerieve," which was bund

barns, breakers yarde, other rural resting places restored for "The Run"

and

Another hazard is .the

spot markets bad. Nearly all the carg

bochiuso completely devoid of effective United Press. weather protection.

on the London to Brighton the heading: Fancy dress, ad♬ But the run Is no joke. Under The men who find,

restore, although and run the veteran cars are where. The purists regret this gramme gives this warning:

actually shot cise-

|vertisements," "ate." the pro- men devoted to a sacred cause. The heroine of the film, They frown, for instance, on br 1904 Darracq, will take part. Car Run shall have power to "The Stewards of the Veteran practice common among ancient November 1964 run-which

dipquality any entrant who pară.

A

car fans in the United States of must never be called a race. mita no action or displayin using modern cellulose sprud Members of the Vateran Car painting on their e`d cars.

CHIE Wings when they how it participled the

which is sug called) that. 'They prefer to apply patient-

presiive of trade, or wells nave ly with"the" brush,,,by hand, This" yote," moustaches are liament, or Which cost upon cost of concis Varnish, being twirled and corduroy kapel line123, tổ are Just as it was done by craftan tweaked" over the discovery of attention to the even

men long ago..

a car claiming to be the oldest | Mall Special

Closing prices were; States, the December was unavailable Marcti

holiday.)July

September December January Karth May

London Foreign Exchange

Nov

Othere

Unitted

United.

́NY Cottonseed Oil Hi, The New York, Nov: 11!

·Prices, of cottonseed oil futures | eldeed, today its cents per Ib, as Follows: 20

United

LONDON-TIN MARKET

Tells me ap to $1.40 to $1,65;

WHY THE RISE?

Why the muiden, riad marient?

to jazziyo

| Coétainly the int

London, Nol li thân main to The tin market was steady. E Prices closed in sterling per long China ton as followsun. Appt burers

| revno (čenika)-frorna "Just wokie's price of $1.05 mum "dly) and