PUSH AND SHOVE PARKING
Buenos Aires. June 22.
A Buenos Aires car
owner, an holiday in Europe with his own car which he had shipped from Argen- tina, found a space along the kerb of a Dutch Street just big enough_for his large Chrysler. He edged in, pushed the car behind him a little, carefully brought in his front wheels
and finally pushed the ear in front of him a little.'
As he alighted, M woman emerging from a nearby shop, addressed him in Spanish:
"Excuse me," she said, "I cannot see your number plates.
but am that you Akrest The
THE CHINA MAIL, THURSDAY, JUNE 23, 1955.
TRADE and
COMMERCE
SECTION
Page
French Exports To Vietnam More Swedish Goods
Enter US
HONGKONG Drop Two-Thirds NEW YORK By Pacific Coast
STOCK EXCHANGE
(From Our Correspondent)
I right in presiming098.50.
from:
Buenos
are
car owner, himself a Dutchman who has lived. Buenos Aires for 30 years, turn- ed in amazement and answered, also in correct Spanish;
"YOU ARE RIGHT“
"Yes, you are right in guess- from Sucnos Aires.
ing I am
But tell me, how on earth did you lerjow it. you did not see
number plates?"
my, Well"
"only, a
was
the smiling reply.
Buenos Aires ever
would park that way. My hus- band and I lived
in Buenos
Aires for many years and we can recognise
Bueras Aires driver a mile oft!" -
a
There are tramle rules in this modern South American capital, with its wide tree-lined "avenues and spacious parkways, but the most accepted rule is: "The first man there wins."
the streets of
are
No cars, on Buenos Aires, except the new
arrivals. est
without scratches and dents. In fact, bodywork damage is so common that Buenos Aires repair men have become past masters the art of ironing out doors and smoothing out dented bumpers. They can take a
which looks beyond repair and bring it back in few days. in 13
Car
Business done in the Hong- kong Stock Exchange this morning amounted to $1.950,- Ncon quotations and the merming's transactions:
SHARES BUYERS SELLERS SALES BANKS
HK Bank .. 1603
204 1700 bus: Asia
INSURANCES
Unin
Lumbard
AMN
કા,
SHIPPING
Waterbat
10.00
DOCKS, ETC,
K. Whart
7B
Duck....
B
Provident (13.40 13.60 S'hai Dock
Wheelock..
LAND, ETC.
BK NOW! HR ard
Humphrey
..kts Really UTILITIES
Tran
500 & 13%
1020 2 820 8.23 20,500 kr.
11.500.0
1711.20 300 17.10
70-4100-40
2200 L
14007312
150 6.30
2.12
23.20
6.20 2.10 2.15 49.000 23.10 23.30 1500 Star Ferry ..14 150 Yammat Ferry 110 120 1050 119 500 120
C. ht (0) 20.40 20.70 3000 « 20121⁄2 C. Light (N) 16.20 16.30 1537 18.25 Electric
401 401; 3848 u. 40% Naezo Elec 10.80 11 Telephone -331⁄2 3344 200 € 331 INDUSTRIALS
Cement
5003324
800 M. 30% 2000 @30%
in
Rope STORES, ETC.
Dairy Wu13.371
30% 30%
13.60 ......11.20 211; 2975 & 21.40
24.20
1000 v 21 700 4-31
original.. factory condition, streamlined and shining.
No cars survives long here without an occasional visit to the
Crawford 301
1..
COTTONS
Texte Corp. MISCELLANEOUS.
A!1sed
.....4.8715
500 4.5$ 10094.8771!
"plastle surgeon. Indeed, is New York Sugar
probably safe to say that there are more shops specialising
in
Bodywork repairs than in
engine repairs.
venture on
of
Another lucrative line business is that of the bumper manufacturer. for To vehicle dare ve
the streets of Buenos Aires for long with its 1TS original flimsy European or American
bumpers Giant iron- reinforced jobs are inevitably added before Jona in sur- 3811- defence, and the Buenos Aires bumper maker has become skill- ed in turning out "protective armour" to dolend the smallest baby car to the largest truck. with devices weighing between a few pounds to half a ton of iron.
LONG APPEAL
and
So bad, has the traffic parking problem become that the Argentine Touring Club re- cently issued a long appeal to the authorities to do something it. It stressed that al- about though
traffic or- there is
(about one' and half feet) between each ear. they are jammed bumper to kerbs of Fede-
dinance calling for a space of
halt a metre
опе
bumper, along the
Buenos Aires,
so that
"strians have difficulty in getting across the streets, while motor- isis. themselves have a diMcult time extricating their cars from the parking jams.
Parking and un-parking" is reduced to the fine art of push- and shoving the cars behind and in front until the space is big en
enough for you to get in
ing
or out.
The Touring Club cites, the who was docton
at a pallent's
case of
4
urgently needed
house,
but who could not get
this car out of the parking line
for two hourS,
because they
were packed so tightly and the cars immediately in front and
him had their
their
behind
brakes
and on
hand- doors
po-
provided
locited.
The Chub suggests that licemen
should be with skeleton keys to open car doors in such cases, and thus be able to release handbrakes-or to break the windows should they be unable to open the
doors.
ANOTHER PROBLEM Another problem cited by the Club is that of the driver who parks his car correctly but later inds it 20 yards further down in a "no-parking" the street area because he has been
to
A
push-
Market
NOT ENTIRELY
DUE TO
LOSS
OF TERRITORY
Salgon, June 22. In less than à year after the Indo-China armistice agreement France's exports to Vietnam had been chopped to less than a third of what they
were.
Up to the armistice France exported some 100,000,000,000 francs (US$286,800,000) worth of goods to Vietnam. This year she will probably export only thirty billion francs (US$86 million).
from competition The reasons behind trade drap increased
although countries the foreign are not entirely due to
corsumers in North French tax reductions for ex- DE kes Vietnam now under Commun- ports remain small. And thirdly and the security of persons fet control.
(particularly stored First of all the French Ex-goods peditionary Corps. one of the merchandise) has made traders
for French cautious. biggest consumers goods is being rapidly repatri- ated. Secondly there has been
World Rubber
Markets
Singapore, June 23. The
was rubber market nervous with a mixture of short covering. Future closings were: No. 1 rubber per b. July 107-108 AUR. 108-10814 Sept, unquoted No. 2 rubber per 1h. July 103-204
9832-99 No. 3
06-BUL No. 4 New York, Jure 22.
rubber unbaled 10-100% World No. 4 sugar
futures Spot
Blanket crop closed unchanged to 5 points No.
113-114 pale crepe higher with sales of 253 con-
NEW YORK tracts.
Futures today closed 10 to 25" points higher with sales of 102 contracts.
Domestic No. 6 sugar futures closed 1 point lower to 2 points higher with sales of tarea con-
tracts
92-93
деліст
World futures were firm on
More than half of the trading short covering and replacement was
in represented trade buying. Technicians switching of Dtc.-Sept, contract thought that if the world rawat 70 points, spot price remains under 3.25 cents a pound, fob, for 15 con-
The outside market appeared secutive days, the Sugar Coun-to be developing activity after cil will be obliged to reduce the futures market closed, with export quotas under the inter-dealers and factories showing national pack
mere interest. Reported sales Dealers reported Japan
included Sept, cae sheets at 35 bought three cargots of Cubans casts; July thes at 354 cents: 341 sheets at at 3,20 to 3.21 coals a pouna, August three fob,
showed interest incents and "September threes at
cents possible two additional "cargoes. 34%
pound.. Spot sales placed the Domestic futures were dull estimates reflecting
situation between 500 and 600 tcns. Spol the raw Futures:
No. 1 Rss, were quoted at 35% cents, nominal, Futures:
JULY
and
Contract No. 4 (world)'
July 3.1 September
December March May July
September October Murch May July September Spot (cents per b..fob Cuba) 3.20
Contract No. 6
August September November March May Spot
(rents ex-duty)
Der lb. cif ŸŸ
Singapore
2
LONDON
35,75
35.50
34.75
34.00
$260
"
MOST SERIOUS
Most seriously affected are products for the masses such
as automobiles, tools, etc. These will be seriously affected by Japanese, and Indian com- petition. This competition will such not affect luxury goods
brandy,
and as champagne, other alcohols and perfume to the same extent,
At present, however, French enterprises constitute the only structure for distributing con sumer goods inside Vietnam. very Chinese enterprises are specialised (in rice tea, etc.) and Vietnamese enterprises are limited to such fields as trans- port and light construction which allow a quick and large return on money invested. This or long-term leaves moderate operations at a normal profit up to the French,
to furnish
is
American cre-
Franc Shortage
In Vietnam
Saigon, June 12. The Vietnamese Govern ment has rent a frots, to the French Commissioner- General in Indo-Chins poining out that si present Vietnam is suffering from a shortage of Franes which considerably hindering Bhanelal commercial and business with France.
The note states that after having sacrificed the Frane reserves of the National to "allow Vietnamese Bank French firms to continue their transfers the Vietnamese Government has been obliged to reduce transfer authorisations.
Commenting on this note Vietnamese press states that Franc shortage to will compel Vietnam very seriously restrict her Imports from "France. France-PreSSE,
the
World Cotton
Markets
New York, June 22.
loday spent Collen traders mast
of their time adjusting nearby July contracts before first notice day on Friday.
Uncertainty over the probable number of tenders, if any, kept the trade on the anxious seat, with previous sellers mostly cri the defensive,
Closing on a reaction the list trished net 7 points higher to 12 points lower."Opening prices were up 5 to off 1 point. New Orleans closed up 5 to off 8 points.
On
STOCK
MARKET
New York, June 22. Rail storks: after sessions of lagging indecision, took over market leadership with a bang today, moving to a new average high since October 26, 1920.
Gains among the carriers sparked by a favourable cuticok for the industry-ranged to more than 2 points and lifted the average 2.74 to 163,26.
Industrials, which had set new all-time highs in each of the past Ave sessions, did it again today although late proft-taking pared the gain to only 0.57 pint of average, utilities were pulled Cown a bit by ex-dividends,
INCREASED VOLUME
The rise brought out increased and for the first time volume since June 8 turnover crossed the
mark, 3,000,000-share totalling 3,010,000 compared with 2,720,000,
Stockholm, June 21. Imports of Swedish products via US Pacific Coast ports have shown a slow but steady rise in recent years, except for pulp and paper, for which the figures have varied considerably, as is shown by a report prepared by the San Francisco branch of the Swedish Chamber of Commerce of the USA.
1951 was a peak year for imports of pulp and paper, whereas a low mark was registered in 1954, shipments being 58 per cent smaller in value than in 1953.
For the grOUP "ether pro- ducts"
a continuous upward movement is recorded.
There was a pronounced in- crease during 1954 in articles
as
LONDON STOCK
MARKET
machine tools, rock-drilling, equipment, affice machines. lumber, wood products and
London, June 22. household and hospital utensils. Stocks surged forward,
The increase in "other
then receded a bit in one of duck
Was 8
per
cent in 1954,
the most active trading consid which the Chamber
sessions in the long history to be a gratifying result of the efforts to introduce * greater of the London stock ex-
commodi- variety of Swedish
change. ties into the Pacific Coast area,
Orders poured into the market where
previously pulp
and and jammed recording tickers, - the
undis- paper had held
Brokers formed long lines to puted lead,
buy or sell as instructed. NOT TRUE PICTURE
Although prices finished on
It is also reported that the
the upside, there was a good figures do not give a true pic deal of selling absorbed during
the session. Most issues fin Swedish products in this area, ished below their highs for the
West
us goods sold on the Coost enter through other Imperial
Among the rails. Santa Fe, Illinois Central, Nickel Plate, Southern Railway and Unionture of the total sales o! Pacile rose 2 points or more:
General Motors ran up more than a
K paint -its new. expansion pro- $500,000,000 gramme and Du Pont, a big holder, also gained GM stock more than a point,
Chemicals also were strong. Oils were fim. Celotex moved up nearly 2 on
dividend increase.
CLOSING PRICES“
Alden Inc. Aty Ailled Chemicals Allied Bus Inc., Allis Chalmers ... American Airline, American Cyanamide Co.
Am. Mach. & dry American Metal
American Smeling Am. Sugar Ref.... American Tel & Tel American Tob. "B" Araconda Copper
Beuchem. Steel Borden (The) Co. Boeing Airplane, Burroughs Add Machine Canadian Pacific R
Case Financial Corp.
Cat. Tractor
a Celanese Corp.
Chrysler Motors
Commercial Credit Commonwealth Esc. Consolidated Ed.com Continental Oll of Del.
Chase Manhal Bank Colgate-Palmolive Co.
at the
Continental Sterl
Corn Products Crane Co.... Cuban Amer. Sugar Curly Wright
RAISING STANDARD
İnterest in later deliveries Armour American economic aid
was restrained by the July Baldwin-Lima-Hany.
Baltimore & Oli aimed at raising the standard situatice and a decision to await Bendix Aviation Corp. of living in Vietriam but this
developments Washington can be done. only through the
the farm legislation and the export present system of distribution which is French. When French subsidy question, enterprises slow down or halt Nearby July went above 34.30 their activities
re-established dnde midday, and Vietnamese economy winds dits are no longer used and the cents a pound, a new high since down. The Vietnames Govern- slight premium over the October ment knows this and is trying delivery. A week ago July was
French enterprises at a 13-point discount. with dollars to buy (in France Ope July centrzets
com-start of trading today totalled or cisewhere) at truly
While the "cer *317,500 bales petitive prices--Unital Press,
87,394 totalled nificated slock bales, Market experts supposed a good part of the short interes in July was held by Liverpool straddlers and short hedges by spot houses and other trade ac- counts.
Foreign Operation Adminis- General Foods tration announced a cotton pur-General Motors chase grant for 30,400,000 bales Gen Pub, Util.
Gillette Safety Razor to
The contracting Glidden Ca France, period will be June 24. to Dcc. Goodrich (B. F.) Co.
with delivery
to Goodyear Tire to run to Homstake Mining Co. 31 March 31, 1956.
Ingersoll-Rand estimated cotton Intercheniical Corp. Statisticians
the past intl Business Machines purchase grants over
International Nickel several days approximated 80,- Int'l Harvester 000,000, but because many of intermsomal Paper
authorisations Int Tel & Tel previous the have not been utilised, the John-Manville Co. Kennecott Copper price-shaping Liggett Meyers Tob., Co
Lockheed Abreraft Loews Ідеогр.
Chicago Grain Market
Chicago, June 22. Wheat futures made frm ad- vances in the Board of Trade today, backed up by strength at The market was uncertain the Kansas City market.
The action in what brought buying
other grains, But soybeans failed to survive profit- taking.
No. 1 Rss spot were quoted at 32% pence per Jb. Prices:
Settlcanent house term:
5.38 Aug,
5.39 Sept.
Oct/Dec.
652 Jan./Mar.
Apr/June
Stock Market
Singapore, June 23. Brokers today
quoted the following stock piec
Batu Lintang Rubber
Co. Ltd. Briush Borneo Petroleum
Syndicate
................. Consolidated Tin Smelters
Ord. Fraser & Neave
Ltd Ord Fraser & Neave
323-3214
la
Wheat closed off 1 to up cent; soybeans (new) of 4 to
31-31% 297-30 200-2324 112.
General markets, cit basis ports: July
Aug. Sept.
Eatate crepe thick. July
dabo
AMSTERDAM
Prices per bushel in cents:
Closing prices
June 22
The market was quiet. Prices in guilders per closed today
Spot AS CIF, July kilograme, follows: June 23 Opening No. 1 rubber
No. 2 rubber No. 3 rubber
news lacked a impact.
NEW YORK
Daw Chemicals Dupont de Nemours Eastman Kodak... El Paso National Gas Eric Railroad Family Finance Corp. General Electric
Louisville & Nashville R. Lowenstein & Sons,
Prices of futures closed today Mesabi Iron Corp.
December
March
MAY
3025-3022 unquoted
Wheat No. Z red Spot
July 1980) 18775(L) ..
Sopt,
Dec.
Mar.
May
2031 1279- 1903-4 2014 1981-199 13%
as follows:
Spot
Corn, No. 2, yellow
Jisty
October
July
149% 1477-143
Sept.
141-
Dec.
2341-
July
1.03 mom.
3.02 com.
Mar.
1373
October
2,50 no,
Bye
December
335 non.
July
-United PreR.
Sept:
1024 205-
Oats
July
€514
Sep!,
65!
as follows:
Soy beans, No. 2, yellow
Spot July
Spat
Sept.
Nov.
Jan.
Mar
2321-74 2014 233-230
Barley,
--135-1527
spot
200 lb. rek
$14.50m
-United Press,
London Foreign Exchange
$1.52
No.. crepe
Ltd: 1-15% cum, pref
36 d
W/
31.70
$0.55
Hongkong & Suanghai
Banking Corp..... Hongkong Tin Lia.
Kempas Lid.........
is Bd. $1.00
Malayan Breweries...
$3.40
Buenos its
New Serandah Rubber
Mestresi
· Co. Lid.
$1.45
| AmsterdamL
Petaling Tin Ltd.
$420
Brussels
streets.
Raffles Hotel
112415
Singapore Cold Storage
$1.70
Osic
South British.
Parts
Insurance Ca. Zia,
Straits Trading
£23.10
West Mark
to
Straits Steamship
$14.50
Zurich
of
United Engintera Ord.
$10.00
Weirne Bron.
$2.72 China Mail Special.
ed there by latecomers, anxious
a small space, squeeze into a
phenomenon Aires is the number of
in "no
of
parked in
Municipality The special
crane-trucks away cars which thus offend but even this has filed break drivers of the habit illegal parking. Some drivers prefer to pay the fine ogan and again to have the convenience of parking fearby.
parking
operate some which haul
Lack of adequate lighting, vehicles stopped on highways at night without any ernergency lights, and other
tantringements
are becoming increasingly com mon and the cause of
Imany
accidents. Club is sppeal-
The Touring
Lunas Rubber Estates Ltd. 82.10 ed New York
$28.00
Stockholm
London. June 22,
2.7012-2.786
2.71-2.74.1/10
10,8377-10.834% 139223-139.875% 80.10-80.20 20404-20.01 978-9167 14.3036-14235% 11.70-11.704
122112-122115
Others were unchanged. United Presa.
NEW YORK METAL New York Foreign
FUTURES
New York, June 22. **Prices of metal futures closed: today in cents per lb. as follows: Lead, June
Tin, June July
ولات
ing not for a new set of rules, Zino, June
but for “mióres," rigid abolention
of those already
China, Mail Special
$4.500
Exchange
New York Bour
245160
LONDON METAL PRICES
London, June 22, The' in market was steady
with spot down flerling ind
three-month sterling lower
NEW ORLEANS
35.00:1
34.31
34.18
3113
Miznesota Mining
Mission Development Monsanto, Chemical Co. Montgomery Ward
3420-21 Motorola Ine.
National Cash Reg. "A"
31318-19 National Dairy Prod.
National Ditiders 33,62
33.00b
32.05
National Lead ...: New York Centeni Otis Elevator
Owen-Illinois Clás 'Pacile Gan & Zico. Pacific - Western Of
Prices of futures closed today Pan American Airways
October December March May
October December
Paramount Pictures
Chemical and Imp Customs districts as well.
were Courtaulds, for instance, However, the direct, Pacific
up around 2s each at one time Coast impors represent an! Both finished around annually increasing percentage changed. Gains among the blue of the total, amounting 8.1
to
chips generally ranged per cent of the total US im 3d to Is Associated ports of Swedish goods in 1954. held a gain of is 90 and closed as against 4.2 per cent in 1950 at a new high of 90s. Rolls-
from
Electric
Royce was strong. It rose s
Exchange Rates to a new peak of 1189.
Heavy oils, British
hit the
Busincas was done in the local 6d. AMTOTO Ver tell 35
unocial exchange.
market this
morning at the following rates:=::
g" 2s 64, and Shell 15 3d. Royal Dutch 5.7 countered with a gain of £1/4. British Government bonds
bit.
24
113
214
74%
U.S. "dollar per $1)
23
Sterling nates iper £1)
Indonesian rupiah (per 100)
Slam Hicals (per 1001 Singapore (Straits) ... Indo-China plastres (per 100)
13.38 12.00 24.80
Foreign
EVERETT
1
easier.
were 12 bands moved irregularly.---United 7.50 Press.
LINES
EVERETT ORIENT LINE
Fast Regular Freight Refrigerator Passenger
Servica
Loading for Singapore, Penang, Rangoon, Calcutta and Chittagong.
"NOREVERETT
-BRADEVERETT"
"LENEVERETT”
"REBEVERETT""
Arr. July
-July
1 18
Sails July ivana Šuky
1
-- July 31
Autg
I'
30
Aug. 29 -- Aug.
Loading for Kabe, buz, Nagoya, Yokakama.
“LENEVERÉTT-
"KEBLVERETT"
"NOREVERETT""
"BŘADEVERETT“
Arr. July J Sails July
· Aug
Aug 2
*** Aug
Aug.
Sept. 8 -- Sept. LIMITED PASSENGER ACCOMMODATION.
All the above sübject to alteration without noties.
EVERETT
STAR
LINE
FAST REGULAE FREIGHT REFRIGERATOR SERVICK Loading for singapore, Port weltenham, Madras, Colombo, Bombay, Karachi & Perdan Gülf Pors,
July 18 Arr.
So July -- Aug. 13
Aug. 14 -- Aug. 29 - Sept.
Sept. 30
"STAR BETELGEUSE" "STAR ARCTURUS“
THAI”
"STAR ALCYONE"
Aug. 21
Sept 1B
-- Sept. 28 Loading for Kobe, Osaka, Nagoya, Yekobama.
15 Arr. July
I Aug, Aug. 28
19
17
"STAR BETELGEUSE"
Salls July
"STAR ARCTURUS”
Ang.
16
2
*THAI"
Aug. 21
"STAR ALCYONE". "LA O "
******* Sept 1
-- Oct.
-Sept.
IIMITED PASSENGER ACCOMMODATION.
All the above subject to alteration without notice.
S/S "YOUNG SHIN”
24th June
Salis 20th
34.10
Pesny J. C. Co.
34.24
PHARD Morr
Art.
14.30
Philips Petroleum
34.24
Procter & Gamble Co.
34.29
Presburgh PITU GHEN
Pimticker Industries
3359
33.01
Pure Genie Radio Corporations
32.Jib
LIVERPOOL
Future
Reo MotorS
Republic Steel Reynoldy Metni Shet Oil Co. Saint E, Paper
closings, American Selar Di
middling, iri perce per lh, were Soedy Veuum
as follows:
July Am
Oct/Nov
Dec/Jan.
Mar/Apr.
May/June
Sora Porto Rico. Sugar
31.84. Southern National Che
20.79 Southern Hallway (Com.)
30,40
Standard Brands
20 Standard Of of Ca
30,11
SAO PAULO
Futures closings, in, cruzatu
July
Lead was quiet while zine and per kilo were as follows: copper. were idle, Prices sterling per long ton closed De today is follows;
$1.61-21/22 Tin, spot
New York, June Z
2.7H
so-day Zutures 90-day future 20:2.7751/15
11.50b New Zealand
11555
July
Copper, June
254000 | South.
41.500 India
United 'Pri
Beyers Beliers Mar
3-month on 2434 Copper, pok
monts Lead, zid half 2.77724 2X78-15/16 Line and halt
2.23
United Press-
June.
Mat
909 93
Bandung Ct of Ind Standard OT of N. Siskely-Van Camp. Studebaker-Packard Corn.
Butt de Co Tema Co.
Twenty Century Fox Fam dos Union Carbide.
28.08 Union Prese Railway 33.15 Union Adrerat?
3380 US. Gypton
In the US the average price of US Rubber
UB. Smelting 15/18 middling colon de ten us. stol 1002% | déRUMāted sept gebekete ? was: Warner Bros.
34.14
Sales at the Westinghou markets totalled 5410bales.
Woodworth
cents.
United Press.
Juns
from Japan
for Pusan & Kunsan
Chinese Department: Telephone 28293.
" Queen's Building, Telephone 31206.
MESSAGERIES MARITIMES
PO Box 53. Queen's Building Tel: 2883]
FAST PASSENGER/FREIGHT SERVICE
“VIETNAM** "CAMBODGE?
“BIR HAKEI "MEKONG"
sailing July 17th
Failing Aug 18th
FAST FREIGHT SERVICE O
sailing June 24th. sailing July 7th