1956-11-07 — Page 9

THE CHINA MAIL, WEDNESDAY, NOVEMBER 7, 1956.

TRADE and COMMERCE

New Zealand Harnesses Her

GeothermalSteam

LONDON OIL

STOCKS

TUMBLE

London, Nov. 6.

Oil stocks tumbled on the London Stock Ex- change today in the wake of the worsening inter- national crisis.

193

After the maket i loved, suster, clay, oil stocks were bit sharply in the belief the Middle Eat ghung had stopped They were harniered down Joday

itve

Royal Dutch fell 39 shillings To £80% British Petroleum fell eight shilling Tunes 91 21.11 Anglo-Bgylian shillings ench and Shelf newly

AN werd Suez Chnal to suures also wave of elling los-

£25, to £32

ang £2

Blue Plage dine val were quel and regul

IHTEIS

The market Bored 1 EN pre detiind election #1 bad vidy

the Midste best De interest

There was neuy sell g bond Lm the Conituen.

Hr.

Vie pratel were down amant 2 14

£

L'outer Pre

London Copper

And Lead

vit

ELECTRIC POWER FROM THE EARTH

in

Auckland, Nov. 6.

It is now literally "full-steam ahead" building New Zealand's first geo-thermal steam electricity-generating station.

WORLD

SOYBEAN

PRODUCTION

New York, Nov. 6. World production of soybeans in 1956 is at an All time high, exceeding the previous crop produced in 1955, according to the US Department

Agri- culture.

The

of

15 Now on-

A combine of four Arms from England, Scotland, Switzerland jnnd New Zealand

gaged in constructing

00,000 Hallwatt pinat to reared and use the mighty power now sercam- ang harnessed from scares of man-made bares at Watrakel in the North Island's thermal wonderland,

The wecessful tenderers, who share TI contract involving ******

milflon pounds"

are Holland and Hannes and Cubills Lid.

Lamon: Courad Zschokke, Ltd.

uf Switzerland: Munro and Miller, Lid, of Glos- Low; and the Williamson Con- struction Company. Zealand.

foreign Dejautrint » allure Service estimated

Power-Hungry

First electricity

New

power- industry

US MARKETS CLOSED

اله

United were

markets yesterday for sfùcnilat electichs.

States closed tho pre-

NEW MAD SCRAMBLE

FOR STEEL

New York, Nov. 6. The Middle East **ex"

Germany Should plosion" has triggered a

Increase Her Imports

Munich, Nov. 6. West Germany should by all

means try to increase her imports in

order to restore her foreign trade balance, Herr Carl Wagen hoeffer, the President of the Bavarian State Central Bank, has said here.

пешт mad scramble for stool, Iron Age Magazine said today.

"If

international tensions worsen," The metalworking weekly said, "some steel buyers will be tranpied in the rush."

SO REUN Iron krown.

has the situation Age noted, that "behind-the-scenes pressure for reimposition of controls on stori

growing." Meanwhile, the publication snit, steel demand in 1057 will torrid and may result in pro- ducting reaching a new all-time high of upwards of 120 million tons. The

previous record of

117 million tons was set in 1983.

It was not desirable to chutput this year will not set u this am by restricting exports, new high because of the summer

steel strike. the President

However, Kajci, alleviations should not import conflict with necessary,

profer-

Wes

tive measures for German agriculture,

32L

Istant The wash utpul at 854 million j hungry North

higher capital exports were 1- yeur's hind homes is expected from the

Dat heels, excetching hist

ut lay over 10 per cent

of alust

in the winter

pinni 100 Scheduled completion Janine laastels, from 1985 in the, October of that year Fried States is partially offer

1958.

+late

a

The

The Government Ministry The Lesuctions that is belleved Works gave the contracto

China- 5000 start by building a work- ogeurred in

completing Matschuim and in most of their carap and

the station site foundations. he profuging areas of

11

0

Landon, Nov The cupper sand Wad maskets

the stendy

zi market was Brin, Priers closed. at the end of the otheial morn-

wore

Ing session as follows;

Copper min

d-mouth

Settlement

Turnover 500 teine.

tal half Nov

Jayne

العالية

20 writi

won let

HEAVY FLOODS

the China, Manchuria, Deptment Nald, heavy floods are said To have Falletest

i gevere damage in the major 117heun areas,"

Department

241

2011

Lea

17.

Leat TME

half

110',

110

Zinc 1*1 Healt Nov

100

109

7.3326

balt Feb

07

In the afternoon, the

cup

market was firmer, while

lead

זיום

and zlou were very firm. Prices closed at the end of Bi 1212- offein aftetudon salon a fol-

lows

Copper Spread

3-

Lead

F

alle

bu

216

201

are

DODAN

Now

24. -

41212

117%

traf Now Kell

}

717

1-4

Usite 1***

Turnover 300

Lendl 11 2515 Fels

Zinc

Zinc

1st

Market

London Wooltop

London, Nov. 6. wonllon futures closed study today with 72 lots transacted, Prints closed

as follows:

Mertze

ויין

koybean

production

estimated in the

The contract covers the erec tion of the power station on the barik of the Waikato River, ;] enoling pumphouse in the elver, and laying five 20-inch diameter Meel pipes for about a mile to bring the steam from the bores. The Ministry-of Worker will

install the generaling equipment

which England.

now being made

in

The full ricam supply for the | interi States In 1956 at t

station is already available fol- record 470,004,000 bushels from lowing Ove years' work. Drilling

11 word 29,953,000 harvested for more

act's.

REACTION

SECTION

REGULATIONS POSTPONED

Washington, Nov. 6.

Certain new regulations concerning export sales controls for government surplus or mbaldised agricultural commod will not not cothe into effect until November

über 16, the US Bureau of Foreign Commerse has announced. These regulations, origin- scheduled to cóma into foron last month, require exporters to obtain written acknowledgment the purchaser's understanding of ex

export control prohibit

re-exporiation or trade-

without trlor approval of the Bureau Foreign Commeres, Com- modity Credit Corporation and those subsidised for export by the COC, either by ch payments or pay- ments in kind. Only sales contracts of 310,000 or over are concerned.-China Mall Special.

HONGKONG

STOCK EXCHANGE

(From Our Correspondent)

Page

US Officials Excited Over New Rubber Process

Washington, Nov. 6.

A laboratory experiment that produced a test tube of natural rubber was reported by the US Office of Defence Mobilisation. The experiment was conducted by the United States Agriculture Department plant scientists who, Agriculture Department Officials said, used roughly about a third of a quantity of natural rubber lotex and two-thirds of acetic acid and brought forth a very small quantity of natural rubber.

One

This was not the first time akin to rubber that may be of natural rubber has been made economie Importance." In a fes tube.

United "The seleniiats had set out to States company-Firestone Tyre explore new approaches for and Rubber Company-is | developing synthetic tubber spending millions of dollars to with low heat build-up." manufacture What It calls a "Similar work has been done natural synthetic rubber That in California ou

guayule, n

has long since left the feel-tube semi-desert shrub resembling stoke

sagebrush which But what excited Jubber execlient naturni officials here was 8101 the China Mali Special.

natural rubber in the test tube f

but the process, who performed the Experiment and lo what pirposes that process might be used

The

In Puerto Rico

1wo scientists WOTC identified as Dr H. J. Teas of the Agriculture Department's Research Service and Dr R. S

of

produces rubber,"

MEXICAN RUBBER INDUSTRY

Mexico City, Nov. 6. Business done on the Hong-Bandurski of Michigan State kung Stock Exchange

Mexico's rubber industry this University, who were working

Jeint morning amounted to approxle on

Federal State will be able to use locally Įmately $1,030,000. Noon quota- | government

project.

They produced rubber one ant the morning's trans-developed their test-tube

within the next five natural rubber in Puerto Rico

years, trade last July

while studying how sources said today. rubber was formed in the Hevea

The 40,000,000 industry now rubber tree.

la able, sources said. to supply Their laboratory experiment local demand and have a balanco showed how natural rubber was left for export.

Reflecting the Middle Eas! crisis, Iron Age said pressure for delivery and positions on order Herr Wagenhoeffer said that

books is mounting, Scrap prices international currenez have reacted "violently", with cursions West Germony's strong the magazine's steel scrap com- erečilor position was often 9** | posite price "zooming" to a new plained as an expression of her

all-time high. richesse of capital. Therefore,

Prior to the invasion of Egypt, JL explained,

consumeTS: were

Bellons: commended as a remedy. How-folowing a conservative inven- ever, this view

fory pulley. This has been thrown

Share

Buyers Sellers Into negant that West Ger- To the winds,

GOVT LOANS many's economic recovery was

Iron Age listed three factors 11848 €

BANKS Bnanced by short-gehind the growing steel crisis, Bank Jurgely loans-China Mail Special

The probability that a INSURANCES

Union ON big

tunker pro- SHIPPING gramme will be expedited; Wherlocks The chance that the Wheelocks

Houtis freight

programume COT

Rin out for

more pOCKS, ETC will be singled speed;

K. Whart

Singapore Rubber

Market

take

Singapore. Nov. 6. The morning Rubber market was erratic but in the afternoun prices steadied around 98 cents uf nature's "white per pound for No. 1 Rss. gold" is processing satisfactorily estimated and alun for

Future closings were: a second station, Hi milhan bushel, u decrease of for which provision being No. 1 rubber per b

Nov 14 M

the ent from

the present work. near-made

Der. record 18 million harvested fast should be available next your Jan. year,---Balted Press,

Japan's crop

WINNIPEG GRAIN

PRICES

J

Winnipeg, Nov Prices of grain futures closed Today w

bushel

cris p

follows Onis

Decemb Alas July

22

771

Rye

Decerubion

104

12916-1301

127-120

May July Barley

101

2017-10

Decemiz

140

147

2003

201

2379%

124-125

1225-124 12034-1206

pener per 1

Dee.

Jan.

Bia

May

July

Sept.

Ort.

Dec

Jan.

Mnr.

May

- United Press.

+-110 11811110

23-11

17-18

110-1982%

Great Jets

is

14. 2 rubber per h Nov No. 3 rubber per D. Nov

rubber per Ih. Nov.

No.

11722-00 1984-457

clucers.

3. The coming push for Dock more steel by auto pro- | Provident

---The --Magazine pointed aut.LAND. ETC that even before the Middle Hotel East crisis, plate, structural and hot-rolled bar inventories "were badly out of balance."

SAME BOAT

unquoted

0014-07 03-091 91-02

70-10 119-121

run into 0

Flupphteys RUBBER Amalg

11.000 BY

104) 1420

made in trees, and, according to Q DES

One of the dimeulties facing one well-informed official here, the industry is the smallness of through their process, grower the local market and the im- might be able to Corecast

of exporting the ex- posibilction However, nego definitely future yields natural rubber trees,

tations are under

way to gain Department foreign

markets for Mexican good!, particularly in

Agriculture

their

cess

officials explained that the rubber

100 130 Teas-Bandurski experiment was Central and South America.

-no-one

Most of the material used in

1000 1.00 basic research In a fundamental

500 14.80 tage and that

ΠΟΥ now the Mexican rubber industry 14.90 could predict how much

**are

imported, with the practical commercial application exception of sulphur and rayon 15.10 could be made of their process.nbres.

ם1

8000 u 1.85 3000 » 1,023

In fact,

now

But i la expected that

they added, the two scientists were plant specialists new rubber plantations in the

atates

of Tabasco. Chiapsco, and and

not commercial chemical Veracruz will be producing the chemists or engineers and were raw product in large quantities primarily Interested

In the within the next ive years, and 600 22.00 possibilty of increasing the the import of the material wil

output of rubber from trees.

then cease-United Press. ofelol

Agriculture hailed statement laboratory experiment as

670

000 2000 80

0.30

135

• 6 1,30

..

M

30 m 01

44 441.

500 g 4%

30044

14.70

15 10 13.20

2700

IK Land

12+

EST 329 0214

180 of 03 19.10

1121, 10745

12,90 23.20

BGO 29

nati

[30 103

20 @ 140

105

the

C. Linh cấp 2 Bo 24

4700 * 24 1500 2.DO

23.40 23,60

1500 or 23.40

31, 31%

9.20

1400 31

24.30 2436

300 2.10

200 24.40

1500 24.50

000 24.40

INC

... 23.29

688 23.20 DOL

in INDUSTRIALS

L'ensent

or

3724

100 # 38

4000 74%

1000 23.40 Bynthetic rubber made from Mar.

coal

petroleums." statement sald. "In

ordinary Dee.

unquated

38.00

unquoted

the

May

28.70

JWY

the Oct.

10700

39.00

1200 9

new procesY,

Markets in US were closed

Ront

STORES, ETC.

Dairy

50 10.40

14.00

15 2000 o 16.00

plant

1000 a 14.70

600 14.00

200 à 14.90

71 said hot-rolicu sheets "ware in the same boat"

and UTILITIES Tram cold-rolled sheets used exten- sively by the auto industry, Star Berry "are tightening up fast, and will

real pinch In months ahead."

Iron Age said the chief fac-C. IN

| Macfrie 1ors behind its belief that steel production next year will hit Macao Elec a new all-time peak are: An Telephone effort to build up inventories, à strong construction outlook, big after Arm with spot quoted at industrial expansion, a revival

Spol rubber unbated.

Blanket grepe

lu time, output from Wairakel | Ne should rival that from Lar- darello, in Haly, which agrved

as a model for the New Zealand development,

B

The spectacle

at

Wairakel, where the whining 9-inch bores are burling great jets of slcam hundreds of feet into the air, has become one of the country's biggest tourist attractions. of each The opening bore, now almost a fortnightly occurrence, is marked by thundering Toar and the "crackling" of small rocks oject- ed high into the air. The noise, before o allencer has been fitted. December

is audible five miles away. Miny

Tests show that nolac Jay Wheat No. 1, cents: No. 3. the muffled bores can be com- 1341 cente nited Prekt

pared with the scream of a jet

May July Flaxseed

Electro-Plating Copper

On Aluminium

Ottawa, Nov. 6.

A Canadian scientist, Dr J. T. N. Atkinson, born at Cambridge, in England, has developed a new method of electro-plating copper aluminium.

for

1 pale crepe

LONDON

The market

uncertain W#3

294 pence. Prices:

No. 1 spot

Sigilement nouse term:

Dec.....

2017-20

2935-30!

2076-29.7/0

287-20

2016-201

2714-20

General markets, elf, basis, porta:

20%-20% 291-29.15/10

Jan./Mor.

Apr Mine

Juty/Sept

new

Od/Do.

2

Dec. Jan.

Eatate crepe

thin

Nov

Dec.

thek

Nav.

Dec.

from

engine.

Pressures of 200 pounds to the

square inch are common and up

to 450 pounds has been record-

ed.

Load Factor

London

30

unquoted

30%

United Presa.

of appliance buying, of farm Implements, and the boom auto sales.United Press,

BONDING RUBBER

TO METAL ΤΟ

Akron, Nov. 6. A new

method of bonding rubber to melni that will save

Tin hundreds of dollars in produce

Market

London, Nov. 6.

tion costs has been announced by the Adhesives Division of the D.E. Goodrich Industrial Pro- ducts Company.

Electricity for usc by the The tin market was firm in primer with

al- the morning. Spot rose 16 and drDlers and contractors is ready being generated by under- three months 81⁄2 points to ground steam from a small ex- £878% and £833% respec- perimental bore. The drillers" | tively, office is heated from source.

the same

Wairakel's importance lies in

Turnover was 75 tons. Prices closed at the end the fact that it will be able to the official morning session operate continuously

follows:

Spot factor of nearly 100 per cent.

on a load

In comparison, New Zealand's on hydro-electric stations, which now generate most of the coun- iry's power, have a load factor

Spot

buyers sellers

Spot Jumped 13 points

months

al £092% and three,

of

Ma

0771 $80 3-month In the afternoon, the tin market was very firm with spot of between 50 and 60 per cent, tin the highest since April 2nd, This represents an important during which he perfected a depending on lake levels and 1953. advance because the use of new technique, simpler and less river flows. aluminium for electrical appllen-expensive, tions has hitherto been restricted. copper.

plating with

Wairakel's steam will be Dr Atkinson, of the Naval

full power all the time, The Board reports that the Engineers pre Research Establishment at Dart- new development may also prove 250,000 kilowalts, which, geol-

niming mouth, Nova Scotia, is a chemi-useful in copper plating steel ogists claim is the minimum ck- cal engineer for the Defence and other metals, in which case tainable from the present shal- Research Board.

would have the further ad-low drilling in the area.

that less vantage chemicals can be substituted for

Soldered Readily

*

Aluminium

is both lighter This would

dangerous

the copper cyanide solutions hormally employed by industry," reduce the over

at

Undiminished

Two heavy duty, rigs

Each

bore 2,000 to 3,000 feet every three secits and

deep

cach

and cheaper than other metals present risk of accidental polson-working day and night.

used in electrical applications, Ing of plating workers.

but <timbullies

boen experienced in

have hitherto

jolning Head Of Group

aluminium,

aluminium and other metale.

puts down an 8-inch diameter

bare given sumelant Ateum 10 generate 5,000 kilowatts

101

Watson

COTTONS

Textile Nanyang

INVESTMENTS

Yangtze Allled

13.40

4.30

4.90

170 104 500 13.90

An

Department the

another "first" In agricultural Sao Paulo Cotton

01431 research.

171.10.20

10004.10 7.00 2007,40

4

World Bank Quarterly Report

Called "Duolock" the new system combines ก duolock fie coats and costs less per gul- dublock appropriate lon than other bonding kysteins..

Washington, Nov. 6. It may be used on motor The World Bank report- mounts, industrial tyres, rubbered

today its July- covered rolls, printing and type writing platers, or wherever September net income wai rubber materials, both natural $8,400,000 gross income. and synthetic, are bonded to of $17,000,000, minus ex- motalChina Mail Special.

penses of $8,600,000.

Singapore

Stock Market

-

points up at,' £838%.'

Singapore, Nov, 7. Turnover was 40 tons.

Brokers today quoted the Prices closed at the end of un-¡ following stock prices: official alternoon

Opening sussion

Balu Lintang Rubber Co.

Ltd.

follows:

Spot

Spot

3-month

buyers

00

koliers

84215, ---United Press.

London Foreign Exchange

London, Nov.10.

Copper - plated however, Holve# this problem Dr Atkinson matriculated at Early fence that pressurea · Coming rates were: since it can be soldered readily Londois. University and after would leasen after the bores had Mon New and, according to the National Taking a chemical ongineering|been blowing for soïne time have Am Buy Defence Department, "otherwise degree at McGil, lectured in disappeared. Five-year-old bords

duplicates coppor's favourable Applied Physice at the Universe all operating

Ped., undimin Buy of Toronto, He is hów houd jahod volumes. Some tre divling

from amil-corrosion de thé Navel Bercaron Establish they werecties opened the Defence Research Board & ment, China, Mal Specials Mall spa

Chins

Syndicate

British Botnico

Consolidated

Ord.

Patroleum

Tin Beibers

Frer & Nogve Ltd 'Ord.

Fravor de Neuvo 715% UTI.

· pref

/ $3.00

$4.00 Onmyona (Malaya) Punited "$2.10

Hongkong

ing Corp.

Ghanghai Bank

Hongkong Tio Lad.

Kompas ""LAG.."

Lugas Rubber, Estates Lid.

Maliyan. Trastosice,

Now, Serandah Rub

Potaung T

Ramosi Hotel Kingapore, Colá

In the same three months of Jast year, net income was $0,200,000. Expenses were greater and

prosa Income smaller,

reserves

to

The July-September net in- come, plus $3,900,000 of com- missions received for the loan it mado, ruled the Bank's $124,000,000.00 September 3000

The Bank is on organisation of 60

which lands countries money for economie develop ment projects in its member countries. It had agreed to 'make' soma 149 loans totalling 82,700,000,000 as of Sept. 80.

Borrowers have 2 repaid $204,500,000 of their loans so for-Unilog Press,

Exchange Rates

Jocel

arket

مارك

First Time

"This test-lube rubber Is

the SoftC UA

the researchers

Sao Paulo, Nov. 6. Cotton future closings, in cruzeiros por kilo were as fol- lows: Nov.

started with Enzymes from the today-United Prest.

Kiselt

and, by adding a compounded

vinegar-like acid,

the real rubber

"The scientists for the first

time acparated

cell-free plant

enzymes capable of forming

NAMESAKES

Answers:-1 Vikings, 2 Coun-

compounds known as sporenoida, dl, 3 Danes, 4 Anglo-Saxon, which Include rubber. This 8 Command, 6 Waves, 7 Eog- opens the way for syntheticising | ¡and, 8 Rule, 9 Throne, 10 Negal. certain compounds chemically King Canute.

TYPHOON MAP

with revised codes in force as from

fit April) 1956.

$500 MOUNTED

$40NMOUNTED

South China Moming Post Ltd.