The Guardian from London, Greater London, England • 7

7 THE MANCHESTER GUARDIAN, SATURDAY. SEPTEMBER 8. 1951 -KEEP Company Meeting LONDON STOCK EXCHANGE Foreign Bonds Active JZ IT SAFE "MR. GLOBE can help you with the maintenance of your motor vehicle. JOSEPH COGKSHOOT CO.

LTD. GLOBE WORKS. BOUNDARY STREET. off HYDE ROAD, MANCHESTER 12 hums St AT THE Friday" Investors were reluctant to enter the RIDING'S STORES LIMITED. A Year of Progressive Development.

The twenty-third annual general DISTRICT BANK market before the week-end and most sections were even quieter than they had been earlier in the week. The foreign bond market again provided an exception. Japanese issues continued to improve, meeting of Riding's Stores. was held vesterday at Manchester. Mr Frank HARD TIMES FOR SMALL TRADERS "Cheap" Sterling Again ALLEGED CONSPIRACY TO STEAL FESTIVAL TICKETS Checker Tells of Payment After Instructions B.

Aldred (the chairman) presiding. and prices-were generally easier. Engineering issues, however, remained Arm. Canadian securities again met jvith some profit-taking, but C.F.R. 'issues were firmer and stocks followed the upward trend of Wall Street In the mining market New Pioneer rose Is to 22s, assisted by support from Johannesburg for Orange Free State developing issues.

Middle Wits advanced Is 3d to 25s 6d and General Exploration Is 7Jd to 27s 7id. helped by rumours of further good borehole results the rumours were confirmed after hours. The latest Persian developments -caused weakness among oil shares Anglo-Iranian lost 3-32 to 5 5-16. and even the news of the record world output failed to encourage buyers. Ultramar, however, advanced Is to 32s.

Eubbec shares were firm and Kuala Lumpur rose Is 3d to 28s lid. Settling day, Tuesday German State bonds advanced further, and the Potash loans' were steady. Elsewhere demand for Greek bonds caused a rise of 1 points to 14 in the 7 per cent 1924 issue. There were 5 .626 markings, compared with 6303 on Thursday, and 5,699 on the previous Friday. The following is an extract from his statement which had been circulated with the report and accounts PROM OUR FINANCIAL STAFF Tel.

Umaxm Cttt 5050 to so for a drink to meet people who Gilt-edeed securities were easier and During the year under review the Four men were charged on remand there were several losses of 1-16. When would make it beneficial to me Company has followed its proven policy We were met by Ahern and McLean. at Tower Bridge yesterday with conspiring together to steal tickets of it was known tnat tne company Bad agreed to sell its undertaking to a of sound and progressive development There was a young lady with them, we the first place they brought to an end the curious boycott of sterling which was introduced by the Russian State Fur Trust in July. And secondly they showed that American buyers have begun to use cheaD sterling again. admission of the Festival of Britain were joined oy srnuin.

aobius ranan tforo hp is. Vmi want to sneak to him. Brazilian group, Leopoldina Terminal 5 per cent debentures rose 1 to 92 and the ordinary shares 3d to Is There Authority between August 11 and 18. wiui sciucuajULUiTy results. s.iierc set uuc change in the board, as most members will already be aware, in February of this year Mr Freedland's service agreement was regretfully terminated and the item of compensation shown in the was very nine ucuvny among industrials They are Jack Smith (51), supervisor, of Anstey, Feckham; Patrick Ahern Russia's offerings against sterling, after Later McLean or Ahern said: 'Now you are in with us.

we can go ahead. One or them said later You can carry out your job correctly an all turnstiles except one. I asked which one and he said Number BKITISB FUNDS. HIS CELL AN EO TJ tne recusal to accept British currency Rise (42), liiucman, ol narrow Moaa, faaaing- at the Leningrad auctions last July, were Stocks Pitt Price 5. That is the box we are wonting on.

21 6av. 64-7 3i War Ln. accounts is in respect of this. As you will observe from the balance-sheet 165.000 new Ordinary shares of 2s each were issued during the year at the Drice of 6s per share. The issue was 1 Red'mpfo ton; Hugh McLean (36), turnstile operator, of Wlnslow Road, Paddington and Barclay Louis Adams (33).

checker, of Alphonsus Road, Clapham. They are also charged with conspiring together with Elsie Grace Adamson and 31 Con. iiD. 21 Consols 3 Br Tens. 3 Treasury.

90151a 13 64716 997a 97151 1-116 87716 nun SOU S7a 2 ao. IVTO 31 do. 77-80 3 do ag-73 Brit glee -116 oversubscribed. Premiums amounting 24 (Tin ui 33 do. do 1033s 94K 116 3 do 74-7 31 do.

76-9 3 Brit Oas 3Mfc Br. Steel 3 ao. ao 4 do do. (Gwendoline Mary uaacey, ana outer nersnns unknown, to cheat and defraud lOliSle 83U16 to 33.000 have been added to the capital reserve, which now stands at 92,130, and group revenue reserves and surplus -116 4 Canjol Ln, 98 -i 11 16 104 4 VIC. BUM 21 Eie Bds 31 NW 91.3 the Festival of Britain Authority of money paid for admission to the South AUS.

3i BS-9 at itiUB.aib snow an increase 01 haz.ihi. aa. 21 834 1011314 101J2 10116 10278 ions 1041a la the result the consolidated total of zi an. u-4 31 do S4-B H.Z 3 58-81 116 EanK Exhibition Between juiy 10 ana August 18. Agar Cross is3 micr Nickel 807a 7g Anul Press 410 Imp Tobacco Sbjg Ass.

Br Plot 13105 Kemsiey 406 Ban at 8t'oes 499 Kleeman 139 Beeehama 159 utter BAD 643 Bow fa Paper 849 -03 Lister '0 Brazil Tract. 4654 '3 afantrre Gert, 613 08 Brit Altun 43n M'ttur st pit, 490 Br Am. Too 61532 Metal Box S3 '6 Br. Drag as 9113 stores 549 Br Id. Piste.

69 Odeon 129 -03 Brit 388 Purnell so8 Br. Oil Cake. 43,5 06 Oodl'r Phillip son Brit oxygen. 9S101 Plait Bros 396 Brit. Ropes 671a Prices 339 Butllos 3712 Radiation 600 carreras 83s Eunice 20'3 Oereboa 470 Recrttt 1046 Oa'ly Mirror.

10,412 Sears J. 183 03 Datgety 118 SplIIers 836 De La Rus 348 -09 Sudan Plant. Dunlop 670 Sunday Pic. 1771J-H2 Forestal Land 3S76 Tate at Lyl. S9'9 Oallaber 61732 Triplex 268 -03 Oanmont Br.

6712 -Ili Trust Bouses. 299 Hudson's Bay 1389 -132 Tors At New. S6S -073 Iran. 60' 03 ntd. Molasses 390 -03 imp.

Oon. Qaa 146 wiggles Tps 393 OVKESEA8 BAtXvTATB Antofagasta 1454 Can Drugutyl I Can. Pacing, 665s is Ferni. 3 lU do. oret 7614 do.

deb 7734 1114 do. deb. 8314 14 San Paulo 143 I shareholders' funds is raised to 418,675, do. tt BI-8 3 H.D Ln 3 War Ln 8 Atrtca 31! 8734 S27 8714 102 1008 7478 8934 including 218.000 of paid-up capital. 14 liS 3 Sev 55-Ssl LCC31M not unexpected.

Since the 'closing of its own trading organisation in the United States, London provides the only adequate outlet for Russian skins outside the limited Leningrad sales. The Russian State Fur Trust made good use of the London facilities this week. In spite of the gradual fall in prices the average prices paid for Russian skins at to-day's sale were, well up to the levels realised at Leningrad two months ago. The whole of the 500,000 South-west African karakul skins and the 200.000 Russian lamb skins on offer were sold in full. 90 per cent of the sales going to American buyers.

Although the average quality of the skins was better than at the last sales in July, prices of the African skins were about 5 per cent lower. There was also a good deal of evidence that American buyers were using the facilities of the free market for transferable sterling, on which sterling has been weakening lately. These devel do. 60-70 S2UH Mr lan arrutn, prosecuting, saia ai the last hearing that visitors to the South Bank Exhibition bought a ticket at tho rneh rtpclr and then handed it to Liverpool 31 3 do. HS-7M MBit "I said: 'How mucn am i supposed to get out of and either Ahem or McLean said It all depends on what kind of a day we They said I wouid probably get 6 a week.

1 asked them how the scheme was worked and they said that tickets were passed back to a woman cashiei. The following morning I reported the matter to the Festival authorities and acted in accordance with instructions. Mr Tinkler said that on August 18. in company with Adams, he saw Ahern and McLean. Ahern gave him 5.

saying: This is yours." He said they had had a poor day. McLean mentioned a woman in one of the pay desks, and later said her name was Adams. They said a Mrs Owen 'was in with -them, and as her daughter had started there that day, she was going to teach her the business, said Mr Tinkler. "During the time I was there a Festival ticket dropped from McLean's pocket. Ahern pointed it out and McLean picked it up.

Ahern remarked: 'You should be more and McLean showed a bulging pocket and said: "There are about 220 tickets here. What a shame to take them The hearing was adjourned until Friday and all the accused had their bail FOREIGN BUNDS The extension of our sales programme has resulted in an increase in the gross total of hire-purchase accounts in the parent company's balance-sheet with a corresponding increase in the reserve lor unmatured profit. a turnstile operator. In this case, it was alleged that tickets were handed back to the cashier by the turnstile operator, sold, and the proceeds B'lg'm 4 "38 Potash 7 IS -12 BraaU 9 13A 78 Japan 9 D7 S7 12 Chili 8 1926 441a 114 do. 4 -99 6912 China 41 '91 14 add BIT.

90 do. 1913 12 12 Poland 7 1413 do. "Boxer" 131g 8. Flo 7) 18 49 Cxeeho B. 8 84 Ban Kb 4 73 12 Orcel-71924 1412 IS Icnignay 31 67 11 12 xne consolidated prow ana loss account given in the directors' report shows that we made a net profit, subject to taxation; of 108,754 an BANKS London.

Friday. Small shopkeepers seem to have taken the brunt of the recent slackness in the retail trade. According to the "Board of Trade Journal" sales of department stores fell by at least 20 per cent over the slack period between April and July, and those of independent retailers by between 10 and 20 per cent. In contrast, sales by multiple stores and co-operative societies rose by 6 per cent and 2 per cent over the same period. Thus the small traders are still losing business to the larger groups both co-operatives and chain stores which have branches throughout the country.

This trend has become more definite over the past three years, although, in the case of clothing sales, multiple shops have increased their business at the expense of all other types of shops in every year since the war. It is not possible to make a direct comparison between the sales of Independent retailers and those of other stores from the Board of Trade figures, but the following table shows how trade has moved away from the department stores to the co-operative and multiple stores in the last four months RETAIL SALES BY CLASS OF STORE (Average for 197 100) Total Dept. Multiple Co-op. J.95f, stores Societies April 149 140 155 144 My ISO 121 158 150 June 152 113 165 151 July 150 Ill 165 147 In the first half of the current retail year, which started on February 1, sales of clothing by the multiple stores were about 30 per cent greater by value than in the corresponding months of 1950. Similar sales by independent retailers and department stores, on the other hand, rose by only about 10 per cent.

In terms of volume the multiple stores have clearly taken more of the clothing trade than the smaller traders. Only in the sale of groceries, radios, hardware, musical instruments, and jewellery have the small shops continued to hold their own. FURS AND STERLING The three-day Persian lamb fur sales, which ended in London to-day, were of particular interest for two reasons. In Alex. Ola.

11 increase of 9.305. Deducting taxation, Alfred Tinnier, ox coiungswooa noaa, London S.W., said that for the past six weeks he had been spot checking at the Festival, checking the turnstiles and the number of tickets handed in. He said Earlv In Aueust Adams invited 62.507. and 3.000 written off the cost Alti H'vy A US. cSt Z.

Bl M'dTd 31 Pd do. 31 pd. do. 1 fpd. Nat.

of Egypt Nat. of India Nat Dlsct. B. Anilo-Ecoid. of shares in the sub-subsidiary company, 22 B5u -132 14 -532 Anglo-Iran Apex and adding the balance from the last 1-03 103 opments need watching carefully.

It was Barclays A do do (DCO) A Cat'r Brlehtn 81514 93a 773 "31 31 496 473 6S6 730 11 Ja 838 AttOCE 339 accounts, there is available for appro me to go somewhere with him, saying -4lrf Lobltoa Mexican Eagle Royal Dutch. Shell rr'd pet. Dee Trinid'd Leas Otd British Ultramar Wakefield Brit. Borneo. 315J2 270 26 41532 389 330 29V 320 t317S2 Char, of India priation 83.995.

From this must be 45712 IS412 788 430 370 489 676 453 730 1033 846 48 '8 615ig 88 368 843 saw 84 Br. Co no 01 it would probably oe oenenciai to me U2 03 Nat ProT A do do ei fy pd Be Can. R. Br. Boot Btirmah deducted the preference dividend, and -03 10 -03 12 -03 financially.

On August 15 he asked me renewed. 3352 393 District A do. Ens Set. As A. H'ek'r Shir.

-06 Can lame llfi out of the remainder your directors the fur market four years ago that cheap sterling was used freelv for the first time and its revival may, as it did in 1947 and 1949, again set an example to other trades. BOOKLET ON SOUTH AFRICA 141131 Kern 350 8m'b aubnj recommend a dividend of 30 per cent la Stan of S. All 3012 Jesl Tornbee RUBBER AND TEA Onion 423 -03 less tax, on the ordinary shares, leaving 03 Wttmr 1 pd Allied sumat uoroi El pa. Lon. Ac Am.

M'tln C31 pd 340 829 899 63.845 to be carried forward. Jorehaut Tea. Kuala Lumpur ao au i.pg lJ2 89 19,9 90 140 28H2 3101 Angio-oeytao Anglo-Malay. Batu Tuta Considerably Expanded Turnover. 4U2 London Aalat.

Lumut 25101 2411 412 IB3 33llj It is very pleasant to report that the TORPEDO RANGE OFF LIZARD Opposition Withdrawn Opposition to the Admiralty's pro Bertam Barclays Bank (Dominion, Colonial, and Overseas) has recently issued a booklet about the Union of South Africa which should be of interest to business Malacca Malavalam Ceylon (Pan) 5412 Company's turnover has expanded Kedeem Tesw. ceyion Tea 03 09 Emp ot India K. Plan in.Tr 310 130 198 299 960 considerably and the board has been ws 183 293 240 smilo Tea Hien a uv TJ Sua Betoncl Imperial Tea. DiBCstAMCll Afnce i New) I 38 Brit, at M. 1214 Com.

Union. Ills -lis Northern 23 -Is Eagle Star 47a Pearl 22 Employ's 4l5i6 Phoenix 10'2 -lis Gen. Accident slu -lit Prudential 4Sis Guardian as Royal 123i Lon. 8s Lanes 7ig 116 Rayal 1311a 116 TEXTILES Bleachers 99 -Hi Eng Sew. O.

49712 Brad. 326 Pine Sp 31H2 Brit. Celanesel 306 Lan. dot Cp 493 Cal. Printers! 41101 Linen Thread 696 Coats 89412 Ltrem 29412 lourtanlda 48 6 Pat as 713 men.

Apart from the usual background information on the climate, communica posal to establish an aircraft torpedo able to continue the building up of reserves. The additional branches which have been opened have traded successfully, and the board is constantly South African 1 range off the Lizard was withdrawn searcning tor equally suitable opportunities of further expansion. tions, and the scope of existing industry and agriculture, there is a short section on the legal formalities necessary to establish a business in the Union. In general, the booklet points out, company law and legislation covering wages and conditions of work are largely similar to Once again the companies in which 8TOBES. CATEBINO, we have trade investments have made Aer Bread yesterday by the Duchy of Cornwall.

This was announced by Mr J. V. Ratcliffe at the public inquiry which ended at Helston, Cornwall It followed a statement by Captain Cbavasse, for the Admiralty, that the proposal to use Polgwidden Cove for landing torpedoes would be reconsidered and an endeavour made to find another site. Barker substantial profits and these have been HARVEST HAMPERED BY WEATHER Lower Yields Expected The Ministry of Agriculture reported yesterday that the weather in August made the harvesting of corn crops protracted and difficult. Estimates of yields per acre on September 1 were generally somewhat below those of last year.

Potatoes and other root crops improved with rain, though the yield per acre of potatoes was expect to be rather lower than last year's excellent crop. Sugar beet, turnips, swedes, and mangolds were expected to produce average crops. Although the fruit and vegetable season is late, picking of the very good crops of dessert and cooking apples will increase substantially from early September, the Ministry says. Supplies of pears will increase but will not be large. Plums will be plentiful.

Although there has been a sharp reduction in the area of winter vegetables, especially cabbages and carrots, yields are expected to be fairly good. those in this country, company ana retained the respective businesses. 279 71 101 28112 183 31'8 293 I 846 Boots Debcnhem Gemage -IU 30101 514 309 980 610 190 568 473 Lewis xl. Tr. Lyon Msple Marks As Old Ctd Drapery.

Wallls Th Woolfforth 4I3 as rormeriy. the accounts have been Ot. Only. Btra personal taxation are on a different basis, however, and this is explained with details of existing tax rates. Copies prepared on a conservative basis -06 Harrods Home At Ool.

adequate reserves. deDreciation. an 77121 H2 RAUIO can be obtained from tne oanK at a Lombard Street, London E.C. 3. imure taxation on all profits have been provided for.

The increase of turnover Mr Ratcliffe also withdrew tne opposition of the Yacht Racing Association, the Royal Cornwall Yacht Club, and the Helford Sailing Club in view of undertakings that there will be is being maintained, and the Company looks forward with confidence to COMPANY AFFAIRS anotner year of steady progress. beginning June 1 this year, sales were 25 p.c. above xne oirectors once again wish to inose or tne same period last year. no interference with yacnting. Lieutenant-Commander Greville R.

Howard. M.P. for St Ives, pressed for ui Ulb CUVlbl enthusiasm, and loyalty of the manage I nomas uaoinson ana Bon. int. aiv.

13 pc (same). Sown and Bodcn. lnt dlv. 162: p.e (20 c. on ment ana stair wnt.cn are reflected in Ministerial assurances on all points made by the Admiralty.

If the Polgwidden scheme were resuscitated they tne company's position now presented. smaller capital) Saker. Bartle (Sooth Africa). Trading profit 41.887; taxation provision against investments in subsidiary companies 38.201: forward 35,938 (55.189) tne report was adopted. sellnconrt ana Hons.

ml. cuv 1212 p.c. inairungi Charles Shane and Co. Final dlv. 5 T.c.

and claimed the right to present the case against it, he said. He also contended that not enough had been said on behalf of fishermen. At 6S Etuop 313J.2 Middle VT1C. 256 4119 71516 -1S2 Klelnfon'n 15s 133 480 -03 Orange PS.D. 2932 133 Brakpan la11 3 -113 Rand Leases 21 16 Cent Mining 2it 132 Rand Mines 8I3 City Deep 22932 -132 do.

selection 2 Cons Ooldrd 314 Randronteln 13112 Cans Reef 2932 -I32 Rose Deep Cons. Mine 8 19 St Helena 29 -06 Crown Mines. A Towni'p Daggatonteln 35i6 do. Lands 33td Durban Deep. 31'16 Springs 96 -H2 Darraront.

in sub 31s East Oeduld. 91932 Union Corp. 10 East Band 4132 -132 Venterspost 2fl9 Pree State 119 VlekrontelD 186 Oeduld 734 Vogelstrbt 176 a en Mining 6 lis Rand Con 2115 Oen ExpSorn 27712 171 Drtefont'n S'52 lis Grootvlel 378 Wltwat'd 23i6 I32 J'burc O. In. Western Reel 41 0 Lulpaards Vlel 219 do Holding, 832 Lydenb Est llo welkom 370 Predd's N.L.A 113 1-112 New Pioneer 229 10 Predd's 8 LA 13412 -03 Prea Brand 22112 Pree Ged'd 312 Pres Steya lB'Ha Harmony 249 (-03 Stlltonteln 253 03 a8 '1I3 Virginia 140 03 West African 1 Amai Banket 2112 112 tccnonfo 2412 Ariston 70 Kwabu 3101 Ashantl 2B9 Landn Afrlc 19 Blbtanl 103 Marlu 2113 a sel.

Tr. 60 Tao St A boss 70 RhodeslaD 1 Cam 8e Motor mis Broken a 223 I Chartered 718 Rbokana 217s -la OTbe et Ph. 939 Roan Antelp 12113 -H2 N'Chamra 7I -132 Select Trust 466 03 Anglo-Am 606 rsnganyika 460 -qs Rh'd Sel Tr 303 -03 mbssla 348 lfl3 Miscellaneous Am. Amei 1 00712 -132 Mt Morgan 193 Br Tin 16O 03 Mysore 63 Broken Hill 53412 412 New Bt. Hill 286 Burma Corp 9 Broken 739 Camp Bird 130 03 Ralgurli 18 '0 09 pros "470 -03 NUndydrooi 70 Champ Reef 10712 Orovilie 143 De Beers 1ef 5'S Oaregum J6 Presnlllo 878 3u Pahantt Con lt9 Ot Boulder 70 Petallng Tin 139 1I2 Hongkong T.

110 Rambuten 179 Ipob Dred 300 Renong nn. 186 03 Samunting T. 13 Rio rinto 2134 14 Lake Omits 218 09 San Prenetseo 370 03 Lake view 21O 03 Slam Tin Sys 310 London 'In s412 Bints 13 0 Malayan nn. 213 Malay Tin 293 Mmwchl 89 Sons ol Owal 10101 Mln Corp O. 012 Trepca 40 Mount lea 473 Tronob il 3 Mount LytU 193 Wlluna 123 03 Ex dividend Es bonus Ex rights Ex coupon 1 Ex all i Ex drawings MANCHESTER TRADE bonus 712 p.c.

making 1712 P-c. (aame). Net profit, before tax. 82.055. Taxation 33.771.

To general reserve 10.000: to pensions reserve account MINISTER'S APPEAL TO MINERS Miss H. Charles, lor a new society, Mebyon Kernow (the Sons of Cornwall), claimed that the Cornish people were being diluted by the Influx of servicemen." Cornish characteristics and cul 5.000; to plant and Duumngs depreciation reserve 5.000. Forward 23.852. Straits Plantations. Final dlv 10 p.c.

making 15 p.c. (same) Proat before tax 206,183 (260.213). Taxation. United Kingdom and Malayan. 105.543 (135.625) To reolacement of planted BT'dc'st Relay 3S'0 lOecsa Record 10712 -H2 E.

cole 22U2 712 Dec Mus 18'7ia Cossor Htl; I Murphy 78 IBON. COAL, HHP 8TEBL Mlled Ironfd. S9S -08 Craven Bros 19712 Babc'k Wilcox 7676 to3 Quest Keen 64S 113 Baldwins Pease ee Pts 13.3 A 33 Powell DUO 399 -478 bolsover 820 Pressed Steel. 193 Brown (J.) 499 09 Swan Hunter 699 Cammell Laird 130 Tube S15J2 Cory 93D -l9 Vlckers Ord. 489 MOTOR AHI AVIATION AC vehicles 990 Hawker Bldd.

33,0 Austin 31 Leyland 1140 09 Air. 140 Morris 41 '9 rlrtstol Aero 218 Rslelrh Rdg. 993 I32 Oe HarUland 299 03 Rolls-Royce 909 09 Dennis Bros 38'9 Rover 30,6 Palrey AVn 149 Rootea 326 Ford 979 -03 Staffer 4103 Hsndley Pate tn standard BTJH.D1NG, Ass. Pt Oem, 1079 London Brick 609 403 Br. Plea.

Bd. 149 Plnchia Jn. 45412 CrtttaU t93 -H2 Wall Paper dt. 52D sauriMi Brit 266 Prance Pen'k 543 Calm Line 120 Pumess '340 cisn Line eia -is so. es6 -152 Coast Lines 19 '712 Royal Mall 306 Cunard 3910 i Union Castle 339 06 P.

Line 953 I BREWERIES Bass 1496 md coops 25' 112 Tharrlnitoo 460 Meui 20'S Courses 850 Taylor Walk. 319 Distillers 22412 H2 wslkcr Cam 423 Guinness 144 406 Whltbread 768 ELECTRICAL Assoc. etect. I 899 English Elect 649 Brit Ins Cat) 33 1 9 I Ever Ready 31 '6 Brush I '71j Gen electric. "S30 -01 Crompton Pit 113 I J'us'n Phil 64-3 Enfield Cable' 33S I Siemens 45112 "More Coal Without Delay" areas 32.393 (25 099): buildings, machinery, asc.

special reserve. 20 000 (23.301) Forward ture were being destroyed and a dull uniformity being produced. The Minister of Fuel (Mr Noel-Baker), in an appeal yesterday to every miner to do his best to increase coal output, 'The discussions in the Trades Union Friday, September 7. It haB probably been the busiest market-day on 'Change for five or six weeks. Buyers and salesmen have been present on the trading-floor in large numbers, and there has been much consultation of price lists and notebooks.

Inquiry has been on a large scale in most sections. Over the market as a whole the turnover has still left something to be desired, but producers of several classes of eoods have found an improvement in their sales. A greater readiness to place orders has become noticeable among buyers of some coarse goods and also of some fine goods and specialities. Producers moreover, have been less reluctant to make sales as they consider that the price basis for many qualities of raw cotton has become more reasonable during the last two or three weeks. In the circumstances fresh contracts for a fairly wide range of qualities have been offered more freely.

Some of the coarsest yarns and cloths have again attracted a great deal of attention, mainly for the home market, but neither those goods nor medium qualities have received much support from overseas sources. There has been rather more interest in Congress have emnhasised aeain the Lawley Group. In a letter to shareholders Lazard Brothers and Co. offer to purchase on behalf of Whitehall Securities the remaining ordinary shares at 13s 9d per share. The offer is open until September 28 and follows the acceptance by the chairman and other members of the Lawley family of an offer from Whitehall Securities for their shareholdings, representing the controlling interest in the company.

Leopoldina Terminal. The board states that an agreement has been signed for the sale to a Brazilian group of the company's holding of 147,769 shares of 200 cruzeiros each in the Cia. Cantareira Viacao Fluminense at par value. The aggregate purchase price is 29,553,800 cruzeiros, of which 9,553,800 cruzeiros is payable within six months of signature of definitive agreement and the balance over the following 5i years. The sale is subject to approval of the debenture and ordinary holders of Leopoldina Terminal.

Peerless and Ericsson. Commenting on the trading loss for the year, announced yesterday, the company states that 1950 was particularly difficult for two main reasons smaller orders for the home market, and the fall in production below capacity. Home turnover shrank 32.3 per cent on 1949, and in spite of an increase of 48.7 per cent in export turnover gross Erofit fell by 44.3 per cent below the 1949 gure. A committee has been set up to consider current problems including a review of the whole working expenses of the group and it is hoped to co-opt to the committee an industrialist of wide experience. BeautUlty FtrroHore.

Final dir. 25 p.c, making 40 p.c (same) Net profit alter tax 101.323 84.660). Taxation 133,175 (79.963). To centra! reserve 30.000 (25.000): to pensions reserve 10,000 (same): to special Income tax ee-ve 10.000 (same) Forward 79.203 61.161). British Overseas Stores.

The balance-sheet at March 31 lySl shows that stocks were 391.167 iiinit 379.891 the year before. Current assets a ere 1 063.071 compared with 1.050.910, and current liabilities were 236.100. against 226.586 British Thermostat. lnt dlv. 712 p.c (same).

Car Mart Int. diT 7l2 e. (same). Davis and Timmlna. lnt dir.

5 p.c. (10 0 en sniiUer capital). iinrnlnlon Bank. Quarterly dir. 10 p.c.

and extra 8 urgent importance of getting more coal without delay. Although the colliery holidavs were not yet over, last Saturdav 3.bl0 doU) THE MONEY MARKET At the Treasury bill tender applications were received for 346,005,000 worth of bills, against 342,760,000 a week ago. The 260,000,000 offered were allotted at an average discount rate of 10s 2.95d per cent (10s 2.87d per cent). Discount houses received about 66 per cent of the application (63 per cent). Next week the Treasury will offer 250 millions worth of Treasury bills.

The banks will not be asked to provide any funds against Treasury deposit receipts. Money was in short supply In the market again. The banks did not lend was a splendid start we got 269,000 tons of coal. To-morrow, when more holidays are over, will be a bigger test, and I am sure the miners understand that their efforts are being watched on both sides oi tne Atlantic, ana tnat tneir success means much not only to this country but to tMirope as a wnoie. WALL STREET FIRM MANCHESTER STOCK EXCHANGE Markets were axaln aulet.

with little movement ln CANAL DRAGGED FOR STOLEN METAL 15,000 Worth of Palladium Four Thames River Police officers spent ten hours yesterday dragging a stretch of the Regent's Canal, London, with magnets, in a vain attempt to find several tin boxes believed to contain about 15,000 worth of palladium, a precious metal. It is understood that a quantity of palladium was stolen in May when on its way from London to Liverpool, and that information was given to Scotland Yard thaf the metal was dropped over the Caledonian Road bridge, when the thieves were unable to sell it. The stolen palladium was part of a consignment being sent to the International Nickel of Toronto. A London firm has offered a reward of 2,000 for information leading to its recovery. Police officers said yesterday that they believed that if the tins were in the canal they would have found them.

funds on any considerable scale and only bought limited amounts of short- UP TO MR BEVAN? prices. Interest in Japanese bonds continued and there were some rises ot several points. Government New York, September 7. Wall Street finished the week on a firm note. Advances ranging to a dollar or more were scored securities received quiet support and generally closed dated bins.

some market nouses manaeed to find all the credit they Mr J. P. L. Thomas, vice-chairman of some fine and fancy cloths, which has brought increased activity in fine weaving qualities of yarn. Users of the principal types of speciality yarns have also in many instances resumed the placing of orders.

The Raw Cotton Commission's selline to-day, with the industrial average needed, but others required a consider the Conservative party, addressing achieving a new 21-year high and the able amount of official help. Kates constituents at Whitchurch, Hereford were unchanged, as shown in the table composite average rate again entering new high ground for 1951. Although rails were prices for standard qualities for current shire, yesterday, said that it depended upon "that Celtic figure" Mr Aneurin Bank and denoslt rates without enange Tne leaning inausiriais moved witmn narrow limits Imp Tobacco recovered to 103d alter being Quoted a lew pence lower ln earlier dealings, but Dunlop Rubber closed slightly essler at 666. Textile descriptions were Inclined to slip back. British Celsnese lost 3d at 306, and a similar loss occurred ln Lanes.

Cotton Corp at 450, and Calico Printers at 419 English Velvet were quoted 9d lower at 240. Hiefcson Lloyd and Ring changed bands at the very firm price of 15712 on the announcement or increased profits Manchester Ship Canal ord were slightly firmer at 90. snd Manchester Dry Docks sere tit en up at the better price of 310 Support B'k of Eng. Rate per cent inclined to las aurine tne afternoon, delivery included: American, 42.0Dd Ashmouni, 63.80d: and Karnak. 82.00d.

Hevan whether a conservative Govern- (Oct. 25 193V) 3 Bankers' deposits 13 Brokers' deposits 12 Brokers' notice 13 Market discounts Bills per cent 1-3 months' bank 1 4 months' bank H16 6 months' bank 11b 3 months' trade 1S 312 4 months' trade 2 112 6 months trade 212 313 ment was returned to power this autumn. He thought that if Mr Attlee could tie ud the Quarrel with Mr Bevan LIVERPOOL GRAINS Fridav. WHEAT: A resamntion of hnslniM Day-to-day loans 12 3i 7-dav mkt loans 13 Is continued tor Mssapll copper up to idl412 occasionally broader interest in industrials was forthcoming. Gains mostly ranging to one dollar predominated in the later dealings, with best demand for assorted containers, motors, chemicals, oils, coppers, and steels.

Rails joined in the upward movement albeit rather belatedly and half-heartedly and the gains were extended to one dollar or more by the imported from Canada resulted ln Ministry bookings of he would go to the country in October Kelssll Ac Kemp 380 xd Conv. Ln. 871516 The gold pricejwas 248s and the silver some cons xor Bepiemoer anipment iron) Vancouver and included Mn 1 u.nlr.h, at 1 flOftl. wn or November, utnerwise, ne would 214 Exch. Stk.

1013s price Y4ci per nne ounce. L. Gardner and 8ons. Int. dir.

25 tax free probably wait until next year. a- save. tun. (bu-vuj 9258 34. do.

(65-75) S97a SO Foreign Exchanges. The Canadian fsme) Hlrkaon. Lloyd, and King. Final dir. 10 p.c, maklnff 15 d.c.

(same). Net profit after tax 102.020 dollar was unchanged at 2.951-295. Other 3127. War Stk. 875s close.

12 Slfi an 516 12 c80.421). Taxation 125.515 (87.909). To Keneral reserve 80 000 to atoek Manitoba at 1049 and No. 4 Manitoba at 102-. also a small cargo (Za.OOOqrs.) of No.

6 Manitoba at 92912. tor shipment from Churchill. Canadian to countries other than ths united Kingdom slightly dearer on the basis of 2391ac. per bushel for No 1 Northern Manitoba or Amber Durum ex-store Fort William cr Port Arthur Offers from American shippers ware on a higher level. No.

2 Bard Winter from Gulf second-halt September shipment quoted at 11311, first-hair October at 114- and first-half November at 11501.. Prom Baltimore 10-25 September No 2 Red Winter Brit. Dec 3 (68-73) rates on Lionaon were also unchanged. BUSINESS NEWS IN BRIEF Sales totalled 1,930,000 shares and comprised 1.149 Issues traded, of which 559 advanced, 328 declined and 262 were unchanred. nothlns I 30.000).

International Tea CoUDanvfl Stores. The con Brit. Iron 312 (79-81) The Dow Jones averages were: For 20 representative Colonel A. Tozer has resigned from the board of Tozer. Kemslev and Millbourn solidated balance-sheet at April 28, 1951.

shows that stocks increased Iran 3,954.410 to 4,651.767 dur.nf the vear. Current assetx were 6.708.731. (Holdings) as he has decided to live compared with 5.783.781 and current liabilities abroad. Mr P. Eric Millbourn has been Klrklees 10712 Lanes.

Cot. Corp 441012 Lever Bros. 7 pi, 290. do. 87.

A pt 3l3 Lews Sisal def 20 Lewis's Invest. Trust n. 21112 210 Lewis's 6 pf 243 xd Lleblss 5 pf. 100412 Liner Concrete 5712 Ldn 312 (54-59) 1015a. io.

3 Cons. (1920) 745s Dry nocks 310 Mc Palace 86412 Maypole Dairy did. 20 203 Mc Ship Canal 9t). do. 5 perp.

pi 14634 14412 Martins (CD 730 Maypole Dairy 20 pfd. 15712 Mazapll Copper 21413 Mead (T Seymour) 7 pf. 210 Mersey Docks 33a red. 94 quoted at 1134, No 1 Heavy Northern Springs for October at 117- and No. 1 Hard Pacific for November at 1084.

per f.o MAIZE' Firmer. No. 2 Yellow American from Atlantic elected a director in his place. ikuw ui unitea Etinsuom nrsi-nau ueeemDer snip. Imports of raw cotton into the United Kingdom tnis wees totalled avssa Dales.

of which 20,156 bales came from the we wakht TO BUY Sudan. The other mam sources of supply were Peru (7.493 bales). Brazil (6.066 uere 1.771.393. against 1525.754 London and Thame Hatch OL1 Wharves. At an extraordinary general meeting on September 7.

reso-''iticns were passed for the Increase In capital and b-nus issue of 2 600.000 ord 40 shares ln the pro-oo-tion of two new shares for every three held. J. Mandiebug and Co. Final dir. 10 pc making lr pc.

(same). Group set profit, after tax. 106 005 (72.765). Taxation 143.912 (86.141). To general reserve 70.000 (40.000): to pensions reserve 5.000 (nothing).

Forward 39.236 (3O.0B5). Metro Dyers and Cleaneta (Warrington). Consideration ol dir. deferred until end of financial year (same). Old Bleach Linen.

In his annual report, the chairman, Mr A H. Johnson, says that In the quarter bales), and West Africa (4,910 bales). The quantity afloat is now Dales, includine 35.027 bales from the Sudan 30,262 bales from Brazil, and 19,523 bales railway issues bu.bz (against oz.fB an for 30 Industrials, 273.89 (272 23); for 15 utilities, 45.33 (45.19) EXCHANGE KATES To-day Prev day. London Cables 3.79J 3.70 Tj 3.79 13l6 3.18 15l Montreal on 2.9512 3.M 3.9512 2.93 New York on Montreal MSs Mil is The Pound in New York. The rate quoted to-day for transferable sterling was $2.51 offered (unchanged).

COTTON COMMISSION'S PRICES The Raw Cotton Commission announced last night that its selling prices for standard symbol K.K. would be increased to-day by 6d a pound for November delivery onwards. Apart from certain increases in differentials for Sudan types there are no other changes. AMERICAN COTTON NEW YORK, Friday, September T. Hedxe selling and profit-taking ln the final few mlnutea ol tradinff to-day resulted In partial reacttons from the day's best lev ola and a barely steady close.

Advances took place ln the early dealings ln fairly active trading. There waa good trado demand for near December, believed to be partly against export business. Leading MetropoL Rly. Country from the united states. Trade Notes A EGYPTIAN COTTON ment quoted at 11401, second-half December at 114112: from Gulf December 10910.

and tor January at 1104 per 4801b. Argentine, September-October to United Kingdom 43 7s 6d a metric ton and f. SOROHTJM: No. 2 Yellow American mllo October to United Kingdom 91-. and November shipment at 8910 per 4B0Ib f.o.b Australian to United Kingdom for September-October nominally 31 a ton e.

and f. BARLEY; Iraqi a q. December-January shipment to United Kingdom 34 nominal, a metric ton and r. Argentine 67 kgs September-October shipment nominally 37 a metric ton and f. Canadian Feed from Bt Lawrence to United Kingdom second-half November.

7611 per 4001b TAPE SIZERS' WAGE PAYMENTS The Cotton Spinners' and Manufacturers' Association yesterday made an offer of extra payment to tape sixers in Lancashire weaving mills using Shirley accelerated dryers or operating existing tape frames to which dryers nave been fitted- The amount of the offer waa not disclosed. The operatives' demand for increased payment was put forward at a meeting In Manchester between the weaving employers and leaders of the two unions concerned ln the claim the Lancashire Amalgamated Tape SLzere' Association and the Amalgamated Tape Susers' Friendly Protection Society. Union representatives are taking seek the offer to put before their members and we are now awaiting their reaction," said Mr O. B. Fielding, director ot the Manufacturers' Association.

945a Brit Trans. 3 (78-88) 833 13u 34, do. (68-73) 90316 3a Allied Ironfounders 593 596 AroaL Anthracite 1111 Amal Cotton Mills 78U Amsl. Dental 51j pi. 222U Anglo French Explor.

219 Anglo-Iranian Oil 8 1st pt 293 Ass. Brit. Pictures 130 Ass. Elec pt. 21712 Ass.

Ldn. Prop. 27412 Australia 5 (72-74) 89 Barry Staines 5 deb. (61-81) 987a 9918 9854 Bradford 37 (66-68) 925a Brlnht (John) 19112 Brit. Alurmn.

426 Brit Ins. OaU. Cables 34112 Canad an W. Lumber 88 '3 Burmah OU 620 Charrlngton Brew 456 Cossor (A. C) 140 Cunard Steam 40034 Cuaaon 10712 Dewhurst (G 5 nc.

pf. (ptgj 226 Dominion Steel 84412 Dowty Equipment 316 Duc-lllier Condenser 2812 S. Rand Cons. 4412 Gale Lister 2S2U Gsscoltmes 6954 Gau. Brie.

Pictures A 34 33 German 512 Stst. Bds. (1930) 3512 Greek 7 Refugee Ln. (1924) 127, Rarlsnd Wolff 259 Herman as Walker 8113316 Hlckson Lloyd Bft nt. 259 Home as CoL St 7514 Hoptdns (G.) 3614 Hoyle (Joshua) 41012 i.cl 7 nr.

30112 Int. DUtomlte 151012 Japan 4 (1910) 603s 6OI2. do. 6 (1924) 785a. do.

(1907) 8714 fact April's figures were 88 million yards below those for March. On the other hand there was a continuous upward trend in Japanese figures from 256 million square yards in the first quarter to a new post-war record of 342 millions the second. spot nouses were oo the Dtrjinc awe. 'ins gaina were Britain also established a new post asiaies ictuas Mid. Wltvratersranil (W.

Areas) 25112 251012 26012 Murphy Radio 7514 Newport 3l2 (60-70) 9712 Odeon Th. 6 pt. 13412 136 Ox lev Engineering 8934 Panels 1263 QusJcsst 35'9 Radio Rentals 512 pf. 21O Regional Prop. 3151 Roberts (D) 512 Pf.

15412 Rob'nson (Thoa 6IOI3 Rylanda 6 pic. pf 250 Smith (P.) Nephew 563s pm. 8tate of Hamburg 6 (1925) 403a Steiner (P.) 106 8 to 11 Theatres 26 Suncel Telor Malay Rub. 1054 pf 1llj Tarry (E. 116 Teurau Rub Ssts 263 rnt'mar 311114 31IOI3 United British Steamship 151012 Und.

Indigo 2 105a TJn. Sua Betong Rub. Esta. 660 Walton (Harry) 30 Ward 8s Ootdstone 440 Wiggins Teape 7ft pf. 286 war record in the second quarter with 246 million square yards.

This figure. exienoea ounng ine afternoon oeaunES, unuer persistent trade demand In near months and short-covering before the offlrlsl crop report on Uondjay. An Important factor In the advance waa a scarcity ot contracts. The close waa barely steady. 11 to 21 pomta higher.

Cotton on the spot at New York "as 5 points higher at 35.25c lb tor middling. At Hew Orleans. It was 10 points higher at 54.10c, Futures at New Orleans closed barely steady. 11 to 20 points higher. NEW ZOBK FUTURES To-day's close.

High Low Prev. day. October 24.49 34.60 34 37 34.38 December 34.58 34 70 34.48 34.45 POWER PLANT INCLUDING: Turbo Alternators Diesel Engines Diesel Alternators A.C. Motors Transformers Steam Vngme Mercury Arc Rectifiers Welding Sets and Spot Welders Motor Control Gear and Modern Switchgear Air Compressors Air Receivers and Pressure Vessels Centrifugal Primps PROCESS PLANT INCLUDING: Mixers Filter Presses Hydro Extractors Crushers Disintegrators Driers Ball Mills Jacketed Pans Glass Lined Vessels Vacuum and Refrigeration Plant Single, Twin, and Triple Roll Refiners PLASTICS MACHINERY INCLUDING: Presses Mixers High speed Pumping Equipment Large size Reciprocating Pumps targe Acxunnilators Rubber Mills Calenders though encouraging on the surface, is misleading as it obscures a steady fall in the size of shipments from the April peak of 96 million square yards to 78 millions in May, 72 millions in June. CONTRACTORS' PLANT INCLUDING: Steam Cranes Excavators Caterpillar Tractors Rollers Derrick Cranes Portable Air Compresjou Closed Drum Concrete Mixers Concrete Pumps Wetgh Batchers Geared Power Winches Overhead Travelling Cranes BOILERS OF ALL SIZES INCLUDING: Cochran Economic Lancashire Vertical Cross Tube Vertical Multi-tubular Babcock and Wilcox Watertube SHEET METAL MACHINERY OF ALL TYPES INCLUDING: Power Presses Guillotines Plate Bending Rolls Press Brakes MACHINE TOOLS OF ALL TYPES INCLUDING: Centre Lathes Capstan Turret Lathes Milters Shapers Slotters at Grinders BANKRUPTCY ACT N0TICE8 RECETVTKO ORDER Howarth's Tours, carrying on business at 17 Pleasant Street, Heywood, as coach proprietors.

ADJUDICATIONS Butterfleld. Albert, residing at 6 Bops Avenue. Haulgh. Bolton, and lately carrying on bustnesa at 212a St Georges Road, Bolton, as a grocer. Littler, Robert James, residing and formerly carrying on business as an agricultural contractor at The Hill.

Aldford. Lorry driver, described In the receiving order as Robert James Littler, Chester Road. Aldford. and lately carrying on bualness at and residing at Chester Road. Aldford.

agricultural contractor. March 34.72 34.81 34.55 34 56 The change in the trend of cotton prices at Alexandria was discussed in these Notes on Monday and again vesterday. In yesterday's dealings Karnak: made a further recovery, and for the" first time for some weeks the October contract in Ashmouni closed higher on the day. These movements have attracted much attention in Lancashire, but it is doubtfifi if traders had expected that the change in trend would be followed so soon in prices here. The, Raw Cotton Commission, however, has announced that from to-day its prices for standard "symbol K.K." are raised by 6d a pound for November delivery onwards.

The commission had for some time quoted 82d a pound for standard symbol K.K." for delivery until the end of this year, and the quotation for current delivery remains at that level. On August 17 a price of 68d was quoted for November delivery, and this was reduced to 66d on August 27 and to 59d on Tuesday. The present change, which brings the price for November delivery to 65d, is the first increase in Egyptian cotton prices here since March 3, when standard "symbol K.K." was raised from 93d to 94d a pound. THE RACE FOR EXPORTS The world's four main suppliers of 34 53 34.53 May 34.71 34.80 .34.26 ...,7. 34.33 .33.21 34.10 ..,...34.10 July October Oecember and 65 millions in July.

The rapid rise in United States exports is a constant challenge to Britain. The first quarter's total of 197 million square yards for American goods represented a rise of 45 millions over that for the final quarter of last year and shipment figures for April and May indicated that the level in the second quarter will be even 35 OO S3.0U 32.93 32.95 ..33.14 Nominal Bid. metier. ALEXANDRIA COTTON MARKET SJANCHESTgS QDABOIAN SPECIAL EBrtJET September 7. Cotton futures 1 were active to-day.

Prices advanced throughout the session, especially in Karnak. on trade hedge buying ln respect ot old otm-mltments for prompt shipment. Interior vigv were still small. The clcse was firm. The Cotton Board's report also shows recent changes of direction in the flow I.G.

FARBEN SHARE8 The Allied High Commission has confirmed that trading ln I.O Farben shares win be permitted again, according to the West German Ministry of Economics. The embargo will be lifted only If the Ministry can ensure that present registration of shares continues undisturbed. It is expected that the deatsehemark opening balance-sheet of the I.O. Parti en will be published in November, and that trading will then begin. of these exports.

The United States, Closing Quotations (in taiiari per con tar of 99.051b IRON AND STEEL MANCHESTER Friday. foundries, engineering and other, seem still to be mostly well placed from the point ot order-books Their chief problem arises from supplies or raw materials. The annate or machinery metal and other descriptions of cast scrap has not appreciably Improved compared vlth recent raonthj In spite or the rise In price, and deliveries of No. 3 pit Iran tram the Derbyshire and Staffordshire blastfurnaces continues to fall below current needs In many Instances foundry stocks had been almost exhausted and some peers are worklsc at reduced capacity. Finished Iran and both finished and semi-finished steel materials are betas called for steadily.

whose expanding market is partly due to the ability of certain countries to ease dollar import restrictions, now finds its principal outlet in South Africa, with To-day. 17565 108.75 109 00 Kamak September November January Previous day. 175.65 100.75 101.B5 70.55 Please send full details to NEW YORK METALS. September 7. COPPER, electrolytic 'spot, f.aj., 27.50c.

lb. (oschanged): TIN. spot, 103.00c. 73 55 oaumouni October Indonesia second and Canada third. Minimum (seller).

luncnangeoj; sjeau. epos. x7.uuc. itmcnangeai; spot, Australia. South Africa, and British J.

AJDU1X. XD.ovc.-XD.o3C spot, last St Louis, 17.50e. (unchanged). BHEFFIKLD. Friday.

The steel shortaie Persian and there would be fuller actrrlty If eufficlents billets and slabs were available. A demonstration has been made ln Sheffield ot the Yorkshire Electricity Beard 1 short-ware radio wamlnea of Imuendlna rjower enta. West Africa accounted for 43 per cent of the total volume of cotton piece goods exported from Britain, and British exports to the United States continued to increase at a moderate rate though those to Canada were much less encouraging. Japan found its main markets SONS ABO B0HPIIT LIMITED The local view was that the two-minute wamtnff was LONDON RUBBER MARKET At ths opening prices advanced ln sympathy with higher Singapore advices, bat later the market tamed dull and at ths close prices were alightly lower on balance. No.

1 spot, SOU. Settlement Hongs: 48S-49l4. 49U Paid; Hav- 4734-48U. 481j to 49 paid; Dec. 4634-4714.

4711-34 paid; 4734-48: 45-14. 4512 to 461j paid; April-June, 42-42U. 431j paid. BrSOAPOStg mUBBXK HASErr, Sertetaber 7. The market waa quiet.

No 1 September. 169-170; October, I68I2-I69I2. Loose spot 170-171. Established 1834 in raKistan, Indonesia, and Britain ooi nmonu ana auanc teaa to serums lass co we steel melt In electric furnaces, steps are being taken to secure uniformity ln taa charges In the area of the East Midlands Gas Board: It will mean lower cham In some districts and tusfaer ones In others. The complicated tariffs of the old small undertakings absorbed win be abandoned Improved coal production Is helping to overcome the shortage caused by the summer pit holidays.

Demand Is very strong, asd it la difflcult to meet current requirements and make additions to depleted stocks. House Wood Lass, LagdoB.W.12. 'Phomr. Shtrhtrdi gat 207a 'Crana OmtplaM, Tttcx, tatkm Slarininifcy, Near Leeds. 'Fkone Pudtey 2241.

'Grams Cobcnt, Leeds And at Kinxsbwry (Nr. Tamworm) Unrhmer Glasgow "-rrartrrn fauns) Newcastle Belfast Sheffield Sonthsnptori Bath DpmfsnBlkse cotton piece goods India, Japan, Britain, and the United States all exported more in the second quarter of this year than in the first. Figures published yesterday in the Cotton Board's quarterly statistical review show that the rivalry for first place between India and Japan is still undecided. After them Britain occupies third place with the United States, still some distance behind, fourth. In the first quarter of the year Indian cotton piece goods exports reached 477 million yards an increase of 41 per cent over the previous quarter.

Figures for the second quarter, however, are likely to be considerably below this level and In Since the February peak, however, there have been substantial cancellations of export orders from these countries, and the Government has been driven to take measures to prevent the unloading RECENT WILLS pray. tSr Harold woiumi Stannue, of Gocmagog HlUa, nahmnam. Carnbridjeahlre. Oonoervatlre HJP. for Cambridge, 1922-3, and a noted breeder of Wnoditnrk 104.225 Berner.

Charles Philip, of Ths Llmea. Podmore. near Stourbridge, founder and director of B3L Boning Mills. TaffBAie Barker. William, of High Street.

Tettenhan, near Wolverhampton, retired earn merchant 44.841 Kennedy, sir Thomas Sinclair, of Bendoehle, Cere. Dunbartonshire, director at Glenn id and Kennedy, icimarnock. and High Sheriff of Bombay. 1941 (personal estate) 7.... 25.399 BfUatt, Thomas Henry, of 37 The Esplanade.

depojy ehnlrman of ths Kartb-Sutcm to" director of BatCeld Main Colliery ita. 24.420 arJKSE-f 2S.1?3- SL 1158 Charier Old Road. Montferrat. Boston, grocer 11,267 L0NO0N COCOA MARKET The market was quiet after being steady. Closing CH-lUi UBC.

2DUU-ZOXU; Jjn.v 2506-3516, with 2500-2516 paid: March. 2466-2470. with 2450 Bald: Kay. 2430-2443! hold qualities are particularly short: they largely depend on opencast coal, the production ot which la lower now that tea more easily worked sites have been exhausted. Coking coal is ln strong request, as also la gas eoaL wit 2426-2440 paid: July.

2406-2420. With of stocks at unduly low prices. LONDON TIN MARKET 2406 paid. Basis good fermented Gold Ooaat or Nigerian, cwt. Turnover 43 lota of 5 tans each.

Ths open -shipment market waa steady with Accra rm-crop Nov.Jen. 2626, sellers, 50 kfios, eat. fywiiuient. The market was easy. Boot 955960: three months UuaesMj7-i3.

aaiea totauea eo tons. landed fish to-day. Bman rokcr 580, aman plalca OX WOICQ DiHa cic iar asa. Dgu per sen uj5Ioij.