די
I
ד'
!!
TOHEROA
FACING
EXTINCTION
Auckland, June 7.
The shellfish toherna, which, as soup, is New Zea land's best-known contribu- tion to the world's table delicacies, is facing extinc- tion, mainly as a result of careless, digging and poach- ing.
New Zealand gourmets and, epleures may search their shops
today in vain for a tin of tho
delicious soup. But Australians
are more fortunate, for most of the 1,000 cases" produced each year by New Zealand's sale re- maining toheron sold to Australla.
connery
sre.
I New Zealanders want the shellfish badly enough they are at liberty to visit the west coast beaches and dig their own. But under strict Government regula- tions aimed
preserving the beds, they can take only 20 toheroas per person or 50 per vehicle.
at
TURNED DOWN
Enquiries from the United States, Europe and Jamaica for tinned cheroas have had to be turned down. The depressing fact is that the supply of the
THE CHINA MAIL, WEDNESDAY, JUNE 8, 1955,
TRADE and COMMERCE
SECTION
Page
Senator Urges Action Against Protest Against
NEW YORK STOCK MARKET
New York, June 7. Prices on-the Stock Ex- change continued their ups ward course, moving indus- trial shares, to further new all-time peaks. Trading was į the most active in more thanj two months.
The market opened strong and active with all departments taking part In the upsurge . Late profitaking, however, pared gaire.
Railroad shareS at one time during the day reached their best levels since Oct. 28, 1929. However, they did not finish at that level because of realising.
Gains at the close in the in- to more dustrial group ranged than a point with a few issues
America's Allies
STOP SHIPS GOING TO
MAINLAND CHINA
By Herbert Foster
ΤΟ
Washington, June 7.
Senator John L. McClellan has called on the State Department to "take some forceful action with our allies" to stop voyages by their merchant ships to China.
Sen. McClellan is Chairman of the Senate Invstiga- tion Sub-Committee which is keeping an eye on trade with the Chinese. He said ships flying flags of non-Communist nations made 160 trips in and out of Red China
ports in January.
shellfish is not sufficient to sup- showing much in the fractional World Cotton
port a large canning industry,
The richest source of tcheroas batore World War II was the Ninety-mile Beach, in the far north of the North Island. Then in the early 1940's something happened there and the shellfish
disappeared.
|
Zone,
The
Markets
The Ford labour settlement again helped the market. Wall Street experts expect that other auto producers would follow Ford.
experts
also arc
New York, June 7. betting that the steel industry will acttle its wage negotiations cotton futures today featured Quiet and mixed dealings in peacefully. Negotiations in that
renewed easiness in new crop. basic industry got underway 10-
October while nearby months adday in Pittsburgh.
held steady.
Various theories were vanced for this phenomenon. Some people blamed the war- and oil from the ship Turakina, sunk by a German, raider in the Tasman Sea. Others blamed the New Zealand Army for running its heavy vehicles up and down the beach.
The Maoris declare philosophi- cally that cheroas have always gone." Fisheries
ย
TRANSACTIONS
Transaction today 3.230.000 shares, the since March 30, compared with 2,560,000 shares yesterday.
Sen. McClellan, said a "sub- stantial number" of the ships munist ports in Europe. were carrying goods from Con-
10
SECOND-HAND SHIP SALES
Landen, June 7. There was a new marked increase last week in the British second-hand ships market. smong the sairs registered was that of the 10,900-ton steamer Arundo of the Liberty Chas built In 1953 at Richmond, California
This vessel was sold by Huds and Veder of Rotterdam to Greek ship. owners
London for 865,000 dollars. — France- Presse,
HONGKONG STOCK EXCHANGE
INSURANCES
Union
... 1680 1603 218
Lombard
Underwriters
the
15 0
14940
51
0.10 0.30
DOCKS. XTC.
K. Wharf...
78
and
Hardboard Duties
Washington, June 7.
The Swedish, Finnish and Canadian Embassies protested to State Department against the Senate action in voting to about double the duties on imported hardboard.
The Finnish Ambassador, Mr John A. Nykpp, accompanied by
Embassy Counsellor Mr Jorma LONDON STOCK
Vanmo, Swedish Embasy Coun selor Mr Erik Von Sydow and Counsellor Canadian Embassy
Mr R. G. C. Smith, all visited the Deputy Assistant Secretary of State for Economic Affairs. Mr Thorsten V. Kalijarvi, on this subject.
MARKET
London, June 1. Despite An avalanche of adverse
developments the stock market EX.
Dipinnalle officials said they London
told Mr Kalijarvi that the Senate perienced one of its best days in action was a direct infringement weeks,
of
the General Agreement on Tarifs and Trace and "coming
Leading stocks ran.up sharp- shortly after approval by Con-y as a wave of buying plunged gress of the Reciprocal Tarif into the market. The buying Act would create serious con- puzzled veteran market analysts, cern not only in their countries The experts were at a loss to but in many others as well. explain
PROMISE
the
by
the
optimism investors in the face paralysing strikes, some weak- They understood Mr Kalijärvi | ness
in sterling and an un- fully admitted the seriousness of favourable short-term report on the Senate action and promised Eritain's that the Department would use its good offices" with Congres- sional leaders to see what could
done. The
Senate passed by voice vote and virtually without bate
amendment ap
to the reciprocal trade programme that in effect permits doubled tariff's en imported hardboard made from wood.
outlook European Economic Committee, stocks soared, some up as much. Disregarding all this...steel
as 53. Rolls-Royce and Ford were strong in the motors. de-Textile and store stocks ran up
more than one shilling each.
The action, which the State Department reportedly opposes, would reclassify hardboard from "wood a "paper product" to a United Press. product"
575 New York Foreign
British-fag ships are making | Gdynia to Chinwangtao, arriv a "tremendous contribution" to ing on January 27. trade with Red China, he adds
(From Our Correspondent) ed.
3. In a voyage Of the 160 ships touching
not included Communist
the in the January figures, Chinese ports in
Business done on the Hong-be sailed January,
af British Swedish ship Surmabris 84 <were
kong Stock Exchange this picked up cargo registry, amounting to $3 per trom Gdynia.
morning amounted to $874,520.90. Constanza Noon on March 20 cent of the gross tonnage.
Rumania
quotations and proceeded
and said morning's transactions: Whampoa. Sen. McClellan this ship was chartered to the
SHARES BUYERS SELLERS SALES Far East Enterprising Co. Ltd. of Hongkong. the same firm BANKS
HK Bank which chartered the Aruba..
East Asto **It is difficult,” Sen. Mc- Clellan said, "to understand the Besides the 34 British ships, The October delivery closed actions of the British in allow-Sen. McClellan listed this re- trading 23 points lower while other ing their companies and ships to gistry of other vessels totalled positions ruled unchanged to 2 carry on this type of commerce with China: The Netherland 12. market with Communist China, and the Sweden 11, Japan 17, Finland he points higher. most
other allies
In 10. France 8, Norway 8. Den- opened up 5 to off 10 peints.action of our
to
mark 5, Italy 3, India 2 carry New Orleans closed up to oft allowing their vessels
materials to the mainland of West Germany 11.-- United 20 points.
' than „be China
50 Press. while 10 Operations continued
in Com of professional origin mostly
traders more in-munist gaols, and while there is (considerable evidence that the terested, in
ending a clearer
view of the materials carried are being used overment cutton policy
China's for to build up
military potentials. next year. 72 cents to_161,67.
Routine
and domestic mill when issued, Sperry Rand
other trade buying acted to stock led the market in turnover
New York, June 7. bolster with 80,200
nearby months, abterb
World No. shares changing
4 sugar futures hands. It closed with a gain oing a reduced volume of hedging
closed 3 points lower to 2 points to $27% US Steel finished and liquidation.
1. The Finnish ́ ́dry New October (1956) remain-
higher with sales of 56 contracks. | vessel Arneta, sister ship of the ed under pressure as sellers dis-
tanker Aruba which recently Domestic No. 6 sugar futures cussed the pasibility of lowered
failed to reach China with aclosed 1 pokat higher to 1 point Government price supports and
sailed from lower with salts of 678 contracts. liberalisation of production cargo of jet fuel,
Gdynia, Poland to Whampoa, controls next year.
China, and Dairen, Manchuria
As measured by the averages, industria! shares closed with a gain of 3.06 to 434.55, a new all-time high. Rails added 42 "comme and
Ulities eased cents to 161,42. experts are inclined to agree,
to 64.39: The gen- two cents pointing to the fact that the to-eral market average improved heroas also left the beach in 1870, 1917 and 1932.
*
TO BE CLOSED
The Tohtran, Advisory Com- mitte has now unanimously recommended to the Government Marine Department that the to- heroa beds ka closed to digging forthwith to prevent further de- pletion and to protect the young shellfish. It claims that during holidays, cars using the beaches leave them looking like ploughed fields. For every shellish taker, it says, 20 young ones are des- troyed by the diggers' neglect to cover them over after taking the Larger ones.
Heavy poaching is also play- ing a part in the gradual exter- mination of the toheroa.
in the second "spot on 74,800 shares.
of
with outside the stock market
New October sagged 75 cents a bale, going to a 32-point dis-
Arco Steel registered one the best gains in the industrials. It rose 11⁄2 points to $82. National Steel was up 1% points to $68% and Bethlehem Steel at $137 was up 15% points.
Motors showed a mixed pai-count under July before the de
eline levelled of.
Subsequent tern at the close.
buying was attracted on techni
reasons with statisticians
YESTERDAY'S PRICES
Alden Inc. Acy.
$23
313
35
15
2734
Allied Chemicals
Allied Mill Inc.
Allis Chalmers
American Airline
American Cyanamide Co.
58
In
American Metal
34
American Smelting
American Tel
Tel
American Tab. "B"
Anucunda Copper
spite of heavy dnes inficted by the courts, the poachers remain active.
New Zealand's toheroa can hery exists because the beds it exploits
Government under licence at Kalpara
are, treated correctly.
The New Zealand Government has now called for a real effort by everyone to guard the beds and prevent the final extermina. tion of the country's national delicacy, China Mall Special.
JAPAN'S
ACCESSION
TO GATT
The
Washington, June 7.
Armes Steel
Artbour
Baldwin-Lima-zam. Baltimore & Ohio
Benguet Cons
Borden (The) Co. Burroughs
ск
pointing out the new delivery had dropped 80 points $4 a bale since the contract first traded completion of planting, replant- ing, and promoting cultivation.
chopping and checking of
ir-
49% sects in the main colton during 383xd. the past week.
Trading volumes and open in- terests in the Exchange today
13 were: 1712 Month Volume
Oper Interest
512,600 487,500
NEW YORK
47 July
Bendix Aviation Corp.
51%
Oct
20,700 14,000
Dec
115.600
562,500
Bethlehem Steel
13711⁄2 Mar.
6,500
231.400
Boeing Airplane
64
May.
4.000
238,800
63
July
6.230
148,700
301%
Oct
7,900
24,700
Canadian, Pacific R.
345%
Total
80,200 2,204,100 bales
Case (J. 1.) Co.
1132
C. I. . Financial Corp.
314
Stxd.
Chrysler Motors
774
as follows.
Colgate-Palmolive Co.
Spat
Consolidated Edison
July
Continental Steel
Oci.
Dec.
Mar.
May
July
Chase Nat. & Man.
Chile Copper
Corn Products
Crown Zellerbach Cuban Amer. Sugar Curtis Wright Diamond Alkali
Dupont de Nemours
Eastman Kodak General Electric
General Foods
General Motors
Gillette Safety Razor Glidden Co.... Goodyear Tire Heyden Chemical Homestake Mining Co. In11 Business Machines International Harvester International Nickel
mere
remain Americans
EXAMPLES
In a statement, he gave these, examples:
cargo
2. The British - registered sailed from Laurentian Hil
New York Sugar Market
World futures ruled bacely steady with nearby July under moderate liquidating pressurė,
Trade switching operations featured an active trade in the domestic contract. Futures:
World Rubber Contract No. 4 (World)
Markets
Singapore, June 7.
The rubber market opened Arm and erratic on better over- seas advices and settlement of the Ford strike in the United States. Future closings.
Dockl Provident (0)
25 25-40
$5.30
13.70 400 13.70
375 6 13.60 2500 13.60
Wheelock ... 737.ac 9900 LAND. ETC.
HK Hotel... 18.60 18.30 600 4000 TO 1300 HK Land... 6915 Humphreys
2.80
18.70 18.40
80%
RTS 6.10 Realty.
UTILITIES
Tran
2.30
....... 21.80.23.20 300 @ 23 Star Ferry... 14T
Y matt Ferry
119 120
C. Light (01.30 22.40 100 201
Exchange
New York, June 7.
Canada England-oficial
30-day futures DO-day futures
Australia New Zealand South Africa Belgium
India
550 110
500 120
2000 20.40
1000 2015
2500 20.40
18 26.20 C. Light (N) Electric 39 40 803 to 20% Macao Elec. 10.00 11.10 Telephone... 3 39, 100 sp nhất INDUSTRIALS
Cement Rope
29.70 23.50 803 @ 20.80 2. 1542
STORES, ETC.
Dairy
Watson
21.40 21.30 1200 21
2416
160 27.40
* Crawford
COTTONS
Textile Corp 5.30 Nanyang
7.85 7.70
0.48 3.55 2300 & 6.50
4.84
MISCELLANEOUS
Favourable
Thai Trade
July
3.34-35
Sept.
March May
3.34
Yanglaze
3.30
Allied
3.29
2.29
iily
Sept.
3.38
Spot-cents per lb. tob
Cuba)
3.30
Contract No. 6
July
Aug.
Sept.
Nov.
March
May
5.40
Spot-(cents per lb. elf
NY ex-duty)
5.55
9912-894
86-87
103-104
NEW YORK
No. 1 rubber per lb. June 26-091%
July 97%-97% Aug. vngisted No. 2 rubber per lb. June 9611⁄2-361⁄2 | No.
30-01 No. 4 Spot rubber vabaled Blanke crêpe
Prices of futures closed today No. 1 pale crepe
34.65% 33.82-83**
34.02
24.93
34.01
NEW ORLEANS
Prices of futures closed
as follows:
""
Futures today closed 25 to 47 pciats higher with sales of 311 contracts.
Strength at London and Singapore, plus satisfaction over
-Exited Press,
Singapore
Stock Market
Singapore, June 8.
Balance
$1,01-11/13 2,79-7/16 2.73% 2.79-1/16
Heavy buying of oils sent British Petroleum up more than 5 shillings to a new peak of 1053. Royal Dutch jumped £%
to
£54. Rio Tinto featurze
mining shares with a gain of £14. It finished at a new peak of £62.
British Government bands met demand, too, and ran up as much as 7s. or more, Foreign bonds were neglected.-United Press
J
Exchange Rates
Bualness was done in the local unofficial ex tuange market morning at the "following rates:---
2.23-9/18 2.7812
U.S. dollar (per $1)
#5.80
Sterling notes (per 21)
a
15.F
2.75-13/13 Indonesian rupiah (per 100)
12.80
0120 2008
·Elem Vents (per 100)
6.60
Singapore (Straits)
18
Indo-China plastres (per 100)
8:0
-United Fress
EVERETT
EVERETT
LINES
ORIENT LINETM
Service
Fast Regular Fraight Refrigerator Passenger
Loading for Singapore, Penang, Rangoon, Calcutta and Chittagong.
"NOREVERETT"
"BRADEVERKTT"
*LENEVERETT**
"KEBEVERETT"
A
Arr. June
20 -July 15 July 28 Aug. 20
---- Aug.
Sails. June 25 -- July 16 July 27 21
Loading for Kode, Osaka, Nagoya, Yokohama.
"BRADEVERETT
"LENEVERETT"
*REBEVERETT“
"4
Bangkck; June 7. Thailand has 1 favourable trade balance, for first quarter 1955 it was announced here to- day.
Imports were two million dol- lars less and exports three mil- lion more than during the cor- responding period of 1954.
settlement of the Ford-Union Brokers today.quoted the fol-ete were on the increase to In-
today labour negotiations brought a
of continuation
speculative lowing stock prices: buying and short covering, although realising by some
Spo!
July
33.75 33.79-80
Dec.
34.02
Mar
34.13
May
$4.02
July
23.20
Oct
32.71
International Tel. & Tel.
Kansas C. Power & Light
Kennecott Copper
Lockheed Aircraft
Minnesota Ming
SAO PAULO Future closings, in crizeiros per kilo were as follows
July
4132
Oct
30.20 32.50
Des.
33.25
Mar.
34.90
May
33.65
Loews incorp.
Assistant Secretary of International Paper Slate for Econornic Affairs, Mr Samurel C.
under Waugh, authorisation of President Eisen- hower, will sign at Geneva on Wednesday a protocol contein- ing the terms of accession of Japan to GATT (General Agree- ment on Tariffs and Trade) and embodying the results of tarif negotiations between, Japan and the contracting countries to
Monsanto Chemical Co. National Cash Box. National D National Lead ****** National Steel Comp. New York Central Olin. Mazleapst
Elevators Pactße Ca & Elec
General Agreement, including Paciic Western Ou
the United States, the State Department announced.
Tarif negotiations looking to- ward Japanese acression began at Genova on February 21 in 1958.
The agreement to the acces
sian of a new country" to
the
General Agreement is by the
Pan American Airways Paramount Pictures
Parke Davis Co. Pean, Salt Co. Penn J. C. co.
Philips Petroleum
Procter & Gamble Ca. Pitburgh Plate Class Radia Corporation Reo Motorw
Republic Steel
Sinclair Oil
Socony Vaccam Standard Brands Brandard Oil of Cal
"amirinalive"""""vate-of ̄ ̄ ̄ ̄ ̄2 to 3) Sundard" Oil" of indu
majority of the 34 contracting standard of of
parties.
"Japan has been participating
in the General Agreement on a provisional basis since November 1963
Detailed information on the results of the, negotiatione con-
Stockley-Van Camp. Studebaker Packard" Corp Swift & Co.
TX Co
Union Carbide Union Paciic Railway
united AlrozRÉT
'U:8′′"GypeEZITE":
U.S. Rubber
0.8. Emelting
U.B. Suel...........
| Warner, Bine.
ducted at Geneva will be made Westinghouse Flectric public within a few days West Va. Pulp & Paper France-Presse,
Woolworth
In the United States, the average price of 15/16 middling
of
Co. Ltd, British Borneo Petroleum?
Syndicate Consolidated Tin Smelters
Ord.
the earlier buyers cut down the Balu Lintang Rubber margin of gain at the close,
Between-dealer switching also feature terminal market activity, Exchanges Included
at 100 March-July'
points; at 90 points and March-Sept Sept/July 17 points,
Fraser & Neave Ltd. Ord...
Exports of rice, fish, egg, fruit,
donesia, Japan, Hongkong and Singapore,
hides raw June & shipped to Japan, Hongkong Opening and Britalo.
$1.50
were
Tin and wolfram have 30/84 sent to the United States, Japan
and Europe.-France-Presse.
Fraser & Neave Ltd. 71%
com. pret Hongkong & Shangha! Bank-
ing Corp.
Hon koss The 10
$1.75
$5.56
$2.5 7/30
$1.65
Kompas Lid. vode,
as Rubber Estates Lu." Malayan Brewerica New Serandah Rubber Co. Petaling Tin Ltd.
Lid..
The spot market ruled quiet and factories were slow to follow the recent price rise. Although dealers did little buy- ing. The recent Spot No 1 Has Rames Hotel
at 3334 quoted
cents, Singapore Cold Storge
South British Insurance
| Co, Ltd, ka 35.65-75 Straits Trading
Straits Steamahin United Engineers Ord.
were
at ten designated spot markets was 33.81 cents. Sales at these nominal, Futures: centres totalled 4,861 bales.
July
The Liverpood cotton prices Sept.
Рес were not avallable. United Mar.
Press,
London Woöltop Market
London June 7. Wooltop futures market had a quiet day with. few price altera- tions. Turnover was 42 lots. Prices:
Sept
May
July
LONDON
33.40
F303
22,50
Wearne Bros,
$2.00
cum. div.
31.70
Special.
$4.07
8255
$1.75
$20.00
1236.50
$13.75
$11.00
$3.70
MASI
Arr. June 19 Sadla June 19.
June 30 --Jizly 25 19
- 29 24 July
- Aug. Aug. 18 LIMITED PASSENGER ACCOMMODATION.
"NOREVERETT"
AB the above subject to alteration without notice.
EVERETT
STAR LINE®
0
FAST REGULAR FREIGHT REFRIGERATOR SERVIĆE Loading for Singapore, Port sweitenham, Madras, Colombo, Bembny, Karachi Persian Gulf Pert.
Arr. June 14 'Salls June 15
-Juty -- Jubs
"STAR ALCYONE" -LAU"
"STAR BETELGEUSE” “STAR ARCTURUS“ *THAI
Loading for Kobe, Osaka, Naguys, Yokohama.
10
AUR. 8
***, Aug,
Aug. 22
-- Aug. 23
Sept 1
-- Sept. 19
been
Arr. June 17
#STAR BETILGFUSE” "STAR ARCTURUS“
- July 10
-- July 2
"STAR ALCYONE"
Salle June 18 July 11 July 27 **Aug 14
Sept+
1
Chicago Grain
Market
Chicago, June 1 Reports of poor wheat yields In Oklahoma brought buying into a spurt on the Board of Trade today.
Part of the demand for futures
also sprang from producer offer- ings of surplus grains as a result of recent price declines,
The market was Arm. Prices London Foreign overnight.
closed today in pence per lb. as follows;
No. 1 Ria pot ***** 'Safflemes: house larm:
July Aur Sep
Oct/Dec. Jun/Mar.
July/Sept.
1184-1182
118-119
118-11812
11742-116
137 118
Juno
July
Aug.
114-1185
1hip
nited Press.
Exchange
30%-30%
New Yor
Montreal
2014-291
General markela; cit, heals, portati
· Estate, crepe, thịck, July
2916-23% | Para
Stockholm
2014-2015
United Press. →→ PrESS,
of
Exporters reported sales fair amounts of US corn and soyabeans to foreign countries Further buying of soyabeans futures here was stimulated by news that Japan turned down an offer of 50,000 tons of Manchurian soyabeans.
London, June 7,
The Chicago office of the 279-7/16-271 Commodity Credit Corporation 274-15/16-2.75.
announced today it has reduced 19.214-10.417: 140.00-$40-42 by 3 cents a bushel the price at 184015-40% which will sell wheat to b 80.30-50.60%!
porters at Atlantic ports.
979-8773915
14.45%-ASAT
11734-11.739
Others were, unchanged, United
Wheat closed up to 1
"LAU"
-- Aug. 13
Aug. 31 LIMITED PASSENGER ACCOMMODATION.
All the above subject to alteration without notice.
EVERETT STEAMSHIP CORPORATION S/A {Incorporated in the Republic" of PanAHIA with Limited Libility) Chinese Department: Telephone 28293. Queen'sTM Building, Telephone 31206.
MESSAGERIES MARITIMES
| PO. Box 53 :: Queen's Building v Tel: 20661/ FAST. PASSENGER/FREIGHT SERVICE
AOS" VIETNAM”
cents; soyabeans ale up to "BIE HAKEIM”. one cent; soyabeans new up 3 MEKONG”.
to 14 centsUnited Press.
sailing June 19tir sailing July 17th
FAST FREIGHT SERVICE
Bailing June 26th sailing July 9th