1955-03-07 — Page 9

THE CHLORELLA

MAY SOLVE

WORLD

FOOD

PROBLEMS

Jerusalem, Mar, 0.

Single cell microscopic organisms called chlorella

may be the solution of the world's food problems, ac- cording to publication spon- sored by the Hebrew University here.

the

Those panisius, Routing bright greu. Uparsers. in speciaj funds at the Chaim Weldimuma Motoutual Laboratory Culversdy, the anong the most Miletat producers of protein in the entire vegetalje Rozgalom, The publication states.

Exporterats a now being

cheapje eerodacted to diserver Cathodes of punzelang The Chlorella in continueteral spatihis

PA

Describing it. minlagan y quali -Up as to ply ende, ut also palatabike- to many biste tr

The chlorell

about in FINALES, Luckers

For

Existence, at me mos Bushing but water, es bott 444%

stoside, a few reality available

ht Chemn als

what combines These elements

to forth the dres

11-

The ingotsisin seproducers

well asndly, a trol

As often

6 twice in 24 hukLÍN,

OTHER COUNTRIES

Experiments

Die

with production of chlorrila have for The been in progress past ten years in a Bumber of countries, including Dri- lain, The United States.

Japan and Germany. In ter

of these contrae. salot plants have been set up to Jeprosluve, with th A estoiest D141, Rac

Chakradharan

TAM

existence and regs oslueflon

the organiser

THE CHINA MAIL, MONDAY, MARCH 7, 1955.

TRADE

and

COMMERCE

SECTION

CITY NOT DOWNHEARTED

Chancellor's Measures Approved But

There Are Pitfalls

From Ronald Boxall

London, Mar. 6.

The size of the dollar "gap" that opened up in February explains the Government's anxiety at the sudden adverse turn in Britain's economic affairs and justifies the severe measures taken to meet it.

The month's gold and dollar transactions resulted in a net deficit of $82 million and the reserves fell by that amount to $2,681 million. This was the heaviest "real" monthly fall in the reserves for three years. The bigger losses in August and December last year were શ consequence of debt repayments and did not reflect any serious weakening of the underlying dollar position.

The kete minusve vẻ đoferinas : in

A DIFFERENCE

the last few days of the their pounds indo dollars parily Tron the took plure in February, : mouth wlan the authorities at least at the expense of the however, is at the netut lobogan "mopping up" operations Waves, of dollars but the $101 million, in transferable sterling markets. dvaled that appears in that part: 95 explains The size of the account which reflects February dollar gay but not the the the sterling area's trade and pay-¦ reason be it. Tud it it is ments position will the dullar

nevessary to look at the recent Avreid This

is the amount the trend of the United Kingdom's TUSC. VAN Wind have dropped overseas Trade.

they not been rustunned by! Tenis vf American defence

haud

14

of

with Western Europe.

The University's publication discloses that at the

Iniversity's

The

iletew

Drust-

Hatay here.

hove scientists ment abandoned the incepted methods In use in other countries

Plot plants in

United States alat Japan inke the formo of long shallow tanks in which circulated water is constantly

driven by electrically

pumps, thus etruring that the tiny or

tavic than Kallions, ghtly willer, do not sink but remain close to the surface and receive of the man's To¢eo!「「t fit!

1/14 rays

Here, the shallow tank ha been replaced by it cleeper one. uboul de metre trust over 3 feet) high and two ineres (tal over 6 feet) wide, with trans- parent plastle walls, a semi-open

f and mirrors angles af top and bullim.

The sunlight pours Inlo

funks, illuminating

which guns

emerald hue.

S

at B

the the liquid with a brilliaut

WATER CIRCULATES

land Rold carned

Between October and January

Ltd.

Pago.

LONDON STOCK MARKETS

Investors Snap

Aluminium Lid N.Y. STOCK Up Bank Rate

Spending

*x-

Kingstown, Mar. 6. Aluminium Lid will spend $11,000,000 to pand the aluminium pro- duction capacity of Jamaica from 220,000 short ions per year to Over 200,000 tona, wocording to Mr Nathanical V. Davis, President

At Mandeville to inspect the Company's bauxite and aluminium subsidiary, Mr Davis wald the increased output will be ed to supply aluminium require- ments for the Kilimai slytufum amelter Carrada and other world markets,

MARKET

REVIEW Shock Bargains

By Elmer Walzer

New York, Mar. 6.

From Our Own Correspondent

Stocks rose to new bull

London, Mar. 6. market higha this past London stock markets recovered remarkably week in the smallest volume well from the bank rate shock. since the week ended January 21.

Bargains that appeared amongst the first class industrial shares as a result of the intial fall in prices proved Wulilies stood out by making irresistible and buying was further encouraged by,

Natural the success of the Chancellor's measures.

their best gals on averagej since April 15, 1939.

das lasues spurted to help 18t this Aguro, Thele strength The Financial Times industrial share index reflected hopes for modifications gained 6.4 to 185.3 in the first four days of the week and stood more than one point higher by Thursday's close than it had on the eve of the The market

moved higher with stendily

the Industrials bank rate increase. breaking all previous records in their average,

mid most of the out- my is required for the

of regulations against the plant additions

companies, brai augmented storage fachtlos at the company's seaport additional railway also are being pro- vided.-United Press,

stuck

HONGKONG

STOCK EXCHANGE

Sterling is perhaps no more convertible" now t it was before. But there is this dif- ference. It can now be exchang- ed into dollars at a better price; and the price is better because dollars

ድሮ being spent by In trade the average monthly trade de-Brstain to keep it so.

first rosy sharply to £63 million

Last week a Member of Purija- with rompared

£30 million

wen asked the Chancellor when twr.ve

curlier. mos

Business done on the Hong- Over

to make sterling kong he proposed

Stock the same months the dellelt with

Exchange this officially tid "when the conditions are Nunn

convertible. He was moning amounted to $219,515. ripe."

quotations and the morning's transactions:

SHARES BUYERS SELLERS BALES

GOVT LOANS

3% 11040)

10.000 911

IMPORTANT FACTOR

cost

uf

YAWNING GAP

for

is re

0

Gilt-edged rogistered their on the ending of the strike In blyttst guin un the previous Northern Rhodesia, Traders were unaffected by Friday when the index gained the start of the Sunate investiga- 1.02 to 08.09. Since then they ton, in feet, some at the state- have remained quietly firm. ments made by those lestifying helped the rise along. The pre- sident of the

nation's largest

exchanges found the market rise sound, based on strong business and good prospects.

GLOWING REPORTS

SMALL INVESTORS

smuli

Stock shortage was also factor in the oll market and some good gains wera ' recorded among leading shares.

Rubbers furned dull on oosing of the onmodity pricus, but was on teas rumahed strong.

raised sharply Buying by

investors on Monday, but thereafter the advance a more modest genie.

Wednesday's publicați

On

the marketa turned dull and

dollar figures The Bank Of France Also helping the market were of the gold and glowing reports from the major minus signs reappeared. lines of industry-steci operu- tions heading for 95-98 per cent,

up.

Wero

the beginning of the

Statement

Paris, Mar. 6.

Tofal other ourréñoles Bight balance abroad

Prices begon to edge upward (From Our Correspondent) | according to Iron Age, near re-again next day, but the

card output for the week and markets

The Bank of France atatement good deal record for this year belleved by thinner than they had been at for week ended February 24, the head of General Motors.

week. reads as follows:- Steels had wide goins, many Pluses predominated on Friday, rising to new highs, Metal but by this time buying whs Total gold holding ... 220.281.891,420 issues generally moved

down to a trickle. Aluminum Issues scored wide The biggest gains in ordinary In EPU........... gains in several sessions. So shares were among those which | Advahen

Blabla und....... did wlected coppers.

fell most sharply on the bank Total bills discounted 1,107,941,069,737 rete change. The autos joined the upturn

Great Universal Stores have and were

In the risen 103 d active late week.

to 549 3d since their Thursday of last week.

Fords level since 1980 are up by 83 30 to 18s, Rolls

Union Lombard

11 is easier to point to turlors (the non-sterling world, including that end this sudden reversal North America, spurted to £50 of the dullor parutiom them to million.

There is a section of opinion apportion The blame bnstwerti

in Britain that the Chancellor Chem. But the most important

the

may have no choice in the mat. undoubtedly supporting sterling Just above This yawning trade gay was ter. Convertiblity, they argue, its inhimum gold point of 2.71 te for the most part to a rising has already been introduced "by INURANCES

Tiw imported

the back door." dollars. How many dollars had and

All at is materials for Britain's booming quired to make it official is to been used for this purpose

by Industries, accompanied not known; but the figure was

a unify the two rates. It would of worsening large and it incrvused

of be better to do this voluntarily torms sharply

trade. Imports have been rising even though all the conditions Luster than exports, both

not bo in may

just right than volume and value, and this has to wall and have it thrust upon undermined confidence In us by force of circumstance. Britain's economy and therefo by one short step in the value of the pound.

15

N.Y. COTTON

MARKET

REVIEW

the

01

All this was reflected in the February gold and dollar Bgures. But although the motive for the Chancellor's action to meet the situation is now better appreciated thun at the time, the City of

of London has res

resolutely

By William Plunkett refer to be downhearted.

A

**

U.S. Textile Market

New York, Mar. 6.

A raw cotton price alump

ot of around $4 a bule drove

Its optimistic mood is partly New York, Mar. 6. explained by the

sterling- -both gradual

retreat

Rails

best average

achieved

and utilities since 1931.

Royou by 95 4 to 783 440.

Building stocks were alded by Hawker Siddeley by 3s 71⁄2d to

Emana

11,656,409,337

42,408,009,581

189,000,000,000

Dank note in strella-

1100 .................................., 2,402,056,998,865 Current accounts and

deposits

121,890,504,000 United Press.

favourable reports from that 498 74d and P. and Q. by 7 The Bank Of England

Heavy construction to 64x. contruct awards made so far

DOCKS, ETC. K. What N. P. What 20.20

10 Provident (0) 1812

Wherlock 7.10 7 28

500 1000

1815 15,00

Industry.

LAND, ETC. HR Hotel

Xo

15.40

21.10 180

17 17.10

UTILITIES

Tram Yaugati Forry C. Light (0)

17.10

33 700 vp 34%

1500 ve 30

C. Light [N)

13.90

Electric XD Macao Elec

3415 1212

Telephore ..29.00

INDUSTRIALS

Cement X AU

altyכן

year!

Statement

One of the brightest markets

electrioni this year are 58 per cent higher was in

equipement than they were at this time last shares which went vigorously

London, Mar. 6. ahead on good results announced The Bank of England state- by Associated Electrical | ment for the week ended Electronics, and many special-Industries whose stock gained 4s 2. reads as follows: ty lines joined the rise with 34 to 089 Bd on the week. vigour. Many special issues Deored wide advances,

OIL FEATURE

STOCK SHORT

Nose in circulation Public deposits Private deposits

securities

The reuppoarence of buyers in dovemment securities

Other a market short of stock led to The high-priced shares wore a brisk advance in demand for Bato

Receipts features with Superior Qil of gold shares. Coppers improved

21.40 300 2015 California rising

21.00

corroNS

Textile Corp. 0.10 0.20 Nany

6.80

1000 8.8 2000 fr 8,00

MISCELLANEOUS

Yangleze

5.00

and the market down to the stones. ETC. in transferable varieties since the lowest levels in a year and cotton prices this past week, increa

Increase in the bank rate and developed into a near-rout partly by the fact that on relee acted to apply a tighter

tion the

measures 300m less brake on new buying in the before the period closed.

sover than they dhi at first. cotton cloth markets this

that die

the mild disinfla-week. Fears Giving ground in four qui of the five sessions, the old crop Lionary trend that the Chancellor in motion would deliveries on Friday plummuted was setting

The gradual business skow- little snowball into a slump are seen down, under way for a month having been exaggerated; or more, seemed to be grinding

place has been taken to a halt as buyers Nearby March contracts but their

envisioned 33.00 cents a pound,, by another and more reasonable lower fabric prices in the wake

the lowest of

level doubt.

An inexpensive molar. driven by paddles, keeps the water in circulation and the mirrors are so adjusted as to reflect the sun rays back

Lize to

talk

the when

would position of the sun

this normally

tin- render possible,

this Ort prove successful, it will mean that fur smaller area with be needed to produce the same quantities of chlorella s are being pro- duced in the earber type plant," Irath botanists explain, like his The botanist here, ounterpart in other countries, will chlorella hope's

that eventually become a staple part of human diet.

The Botany Department, how- ever, bellevCK VS0

that its greatest

con-

be will

an fved for chicken and eattle,

The first experiments ducked here in 1091 secured yields of chloreliu which, in agricultural of normal terms production, would equal 120 ions of dry mutler per acre year.

COMPARISON

Bome Idea may be gained of the importance of these results if they are compared with the most efficient of

food

the present

сторь, Bugar beet, which yields

tons 20

20

PRT

асть

n

to the lowest level in # more than a year.

touched Catablishizur since March 1, 1954.

form

ware:

1.

E.E.A INTERVENTION

well above

Some

new

Exchange Rates defence order. Some of the mer-

1,8d

1,000 to secure its hold as the highest priced stock on the IN) 20.20 10.00 1000 20.40 exchange. International Busines Watron KD 13.40

Machines furnished fireworks In the two final sessions of the week.

Chemicala had their day an good reports from that industry. Airlines registered highs. Alrcrafts had periods of strength, notably Bocing which soured on receipt of a gigantic of cheaper raw material costs.

cantile issues were prominent Reselling of the basic 80-

on the upside. At Frkiay's close the general

Bunker was done in the local square four-yard pṛipt at con- This concerns the effect of the tensions of to 4 cent from mong at the follow big rates

unofficial

market this

Investment demand helped list was off 80 to 82 poinis, ur

along, such issuca as American 3 to $4.10 R bale than the pre-Ounce for's decision to allow the the mill level also made buyers US dollar (Pez 311,

5.03

and Procter 15.50 Telephone

and ceding week.

Exchange Equalisation Account hesitant. Small orders for fil-Burling notes (per elj

1520 Gamble. Indonesian supiali (per 100)

Blue constituted the main sam deals (per 100

chips Were Foremost anong the

at in needs ta intervene many authorities

23.20 leaders most of the time- Singapore (@troite) cited reasons for the reversal of their discretien la transferable activity.

United Pruss to discourage

Mill to sterling markets Proposals

| Indo-China plastres (per 100).. executives, however, force the sale of surplus cotton trading in "cheap" pounds.

maintained a

Arm front in world markets at compet!-

They fegarded the tive prices; 2.

the transferable starting was quoted Duliness in the

hill as "seasonal" and textile trade: 3. Farm legislat 2.72

dollars against the

before pick-up tion uncertaines dealing with "official" sterling rain of 2.78 long on the theory that con- price supports and acreage con dollars. Since then transferable su

sumer pipelines will need re- PENINSULAR trols; 4. The slow-down in sterling has risen to about 2.70 plenishing. Effect of the raw domestic mlil and export buy doliny while the official rate cotton price decline, the manu- ing of row cotton; 5. Heavier has gone up to 2,78 dollars. facturers contended, was mini- redemptions out of the govern

Tho Chancellor

has

thus mised by the many other higher | ment loan stock.

achieved his main purpose which production costs. ADDITIONAL HANDICAPS

gap between the

pounds

BEST SHOWING and thus Fallure of the market to show diminate the scope for "ahunt-

The best showing continued more rallying power fallowing ing" operations and other finan

be made in the wide in- the cessation of urgent March cial transactions in

"cheap" to

fabrica, Weavers of that result liquidation, and the weakness pounds

in a loss duirial

army ducks reported a rapidly of other outside comoroditics of dollar earnings,

tightening situation with were acklitional handicaps to

deliveries moving off into late the development of new buying

April-May, Multiple Inquiries But he has exchanged on in- also were reported for drills,

enamelling SAILS:-

if two crops are planted yearly.

the bright green Thus, organism in the simple tank-like apparatus of the Ilebrew Uni-interests. verity may ultimately

prove Solling orders the answer to the grave prob- chiefly among

when this decision was taken ted

WDs to

NIETOW two

DIRECT ONE.

#

originated direct loss of dollars for a direct sateens, brosan Bhd.

dicka and wide

an

Wall Street one jem of world food production commission houses, Liverpool Before the British authorities A large Canadian concern res lagging behind ever, increasing brokers, Memphis and

'populations. - China Special,

BRIGHT SILK WAISTCOATS

Mail Orleans Interests.

Berlin, Mar, 0.

The well dressed

Gorman

malo this summer will wear a

markets "non-l amounts of to-

when the market went through providing they were to

CUIS

& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CORFU”

NOTICE TO PASSENGERS

BAGGAGE:

Friday, 11th March, at 18.00 noon for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden and Port Said.

New began to doal in the transfer-portedly made inquiries here for Increased ablo sterling hedge selling and chart reader resident" holders of alerting boceg

This firm hust been selling speeded the decline could convert them into

dollars

getting its goods from Em

Engilah

Passengers are requested to send ALL BAGGAGE to the Hongkong & illis in recent years, brokers to,do so at a'mibstantiai

Bocquee the overpas

Kowloon Wharf Co's Godown at No. 2 asso- on the official rate. This opened Wervers zalped pricothe

GATE, CANTON BOAD ENTRANCE, post- the way for shunting operations Canadiana --

the 7

by Noon on Thursday, 10th March.: Celion, goede SPECIAL NOTE: With the exception of hand packagas reported a general

former resistance pointa. Foreign selling whe ciated, in part, with the

billy

that some form of price and resulted in a loss of dollar U, B. More proup,

come out verbundes in derling once traders. In Anished will come

of the sur-But it had no direa repercus-

Talkin sion on the septral golf and glow-down converters.

completed The situation is now zuver might welt it abrand at the The transferable pound has been wask kypark

forced up in prico "by the

source (62)

bright coloured silk waistcoat disposal planted that dollar Fores

and a single-breasted 'sult for other town and a woollen waistcoat with sports clothes in the coun

Go

price without Inchuriat foron of fie Britta oching foods, Ca

Clothing manufacturers at Carying chartes. Exit

Frefeld Wald that mon's fashion Lought this reasoning teemad Equalisation author trand throughouting oviducaly

showed a break, with conserver stred on mumerous

Tam and Lit Touraing stress than wygula not

ivane

Arbeing Thiendly sene falocks in compati China Mail Special. trade,United, PA

wiring

carried by passenger themselvER, ALL, BAGGAGE must pass through, the Whart Co's Godown for loading, un "board by ship's slings only.

should embark

100 sm. on Briday

EVERETT

Mar.

Sterling 1/50.371,394

19.548,565

262,108,029 288-25.194

27209X***

BG 632,19€

108

-Uplied Pros.

LINES

EVERETT ORIENT LINE Fast regular freight refrigerator - passenger service to Korea, Japan, Philippines, Indo-Ching, Siam, Malaya, Rangoon, Calcutta And Chittagong- "BRADEVERETT”

In Port Balts

Loading

Mar. 6 for Kobo & Yokohama,

"NOREVERETT"

Arrives Balla

Mar. 18 from Manila.

Mar. 19 for Singapore, Panang,

Rangoon; Chittagong

Coldatte.

(Accepting cargo for transhipment Kobe/Fusin and Hobe/Okinawa)

EVERETT STAR LINE

Fast regular freight --- refrizerstar_wervice to Japan, Malaya, Colombo, Bombay, Karnehl and Persian Cipif, (subject to indussions för dieact calf Korgas

“STAR BETELGEUSE"

ATTIVES Balle

Mar. 17 from Jenan

Mar, 18 for Singapore, Port Swetton. Madays, Culombo,

Barahay, Karachi Khor Furtighe, Bagrala, Kuwait Bahrein

“STAR ARCTURUS”

Mar. 19 from Hingapore.. Mar 80 for Kobe

Arrivos

(LIMITED) WASSENGER ACCOMMO

* (Accepting borgo for landships

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Chines

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