THE CHINA MAIL, TUESDAY, NOVEMBER 1, 1955.
TRADE and COMMERCE SECTION
US Economic And Business Report Favourable Earnings HONGKONG New York Stock
Dividends
And By Industrial
STOCK
Giants EXCHANGE
New York, Oct. 31.
on the flood of by America's
The economic spotlight turned favourable earnings and dividends reports industrial giants which hit the United States last week.
Topping all announcements of the week spectacular showing by General Motors Corporation, world's largest manufacturing organisation.
was
the
F US Steel, N
+Ameneans look fo proaluer..
11:0 Jevtral Besa ne math t For the
Ki cual Rant res porte i preord sales, profits and for the current 1355 the autem ilgs
1956 Even Brain, ported a revved net income of shipments for the three-quarter through
STICHT praczk $912,886,537 after tax,
Typical of many others; second largest produes of coal
ducing C Corporation showed in fut
year in sulf
,t"| 4 vereings out to $5.60
the net el. prar, Germany, France, Holland, Compareci
$1.70
than for any hlalery
Yest-end profits
thau
$30
t Company
httle142 cheel,
ofetals mid that confidence in
showing ability and the elba
$1,000,000,000 mak
the US rectomy
Combat 12. they
tion to vertini
TH company's record was even more
that
buy ng
rehteved despite
noteworthy
fence business.
abet quartet
In
Laughlin Steel Corporation saht dis profits more than doubl for
and nearly tripled the third quarter.
Not Worried How's business?
waspered
Iu
"
Nobely up- worried M
nette Hot Surites,
would
usendnirk
(From Our Correspondent)
Market
New York, Oct. 31. Realising at the last minute brought irregu- larity into stocks today, eliminating early gains in many leading issues, although special stocks held gains ranging to more than 4 points,
Business done on the Hong- kong Stock Exchange the Industrinis, up more than 2 morning amounted to $410.000. points en average early in the Noon quutations und the session, held only 0.02 of the rise. Rats were down 0.87 mod morning's transactions:
utilities
toini up 0.13. or a MILARES BUYENS SELLERS SALES 1,140 issues traded, there were
440 lower, 433 higher, BANKS
1110 5 1710
HK Bank
INSURANCES
Union Limbard
95-0 20
2010
לוך 14
Trading was moderate, with 1,800,000 shares traded, con- 146pared with 1,720,000 on Friday, Halla, lagging throughout the session, had
numerous Bull losses and declines of nearly 2 points in Olinois Central; almost in each in Union Pacifie and New York Central.
Numerous
small gaine Featured utilities although there WIN loser of 14 points in Paclite Gus
DOCKS, ETC
Lock
Provideni
(Old) Wheelck
11000 1
Lasi
LAND, ETY IK Hotel 31K Lid
11
704 1117
113
200 VI
#1
nut Holy burvis of US d Preshtem Easende wer blame a tre business shing during t003-||
54 on the big build-up in the Suce inventories Then, experts have kept a close | Watch
sales and
ita Licht
+ $1
inventory
to how the how the running.
115 wtru
The Department Last werk ui
f Commerce developments in this sector most denournɛźnie. Exunning inventories and new orders.
Department said inventories thereaned merately. Hetal) andl accumytajalkapus have
the
a substantial as nessmen read that some of forecasts drig in the volume of its des the most exuberant
witnessed in many weeks,
Some of the top industrial and Tusiness leader of the nation Virginia, over the weekend in a hudelle with some members of Presidently Eisenhower's Cabinet and otherwhaleszło
Conclusion (been stabie economic experts.
Delivity ix connmle
1956 welli 1955 despite nume casing off
WORLD RUBBER PRICES
New York, Oct. 31. Rubber futures today closed 115 to 100 points lower with aries of 280 contracts
Increased
Hiquidation
en
Facuiry buyers becare in- different on the decline so that local spot business was reported Spot No. 1 Rss htiolinum.
nt 4
cents * quoted wenz
und. Futures
}
ຄ
the
172
New Orders Up
new
Realty terres
2034
2 22:
2420
ks 2.1
204 **
T Light 1
222 41
200
Tram
Y'al Fer
LATIN
Kleuter
,יד!
Macau Elev Jejephone
1170
Ma
y! 22 bi 500 22
21434384) 20040 73 50040 DO 0 40 23 200 2 10 500 3950
100 34
100023
SOU 33
001 32 80
P01970
Among the better moving In 4. striais were Warren Petro- Jetan, more than 2 points; Carpenter Steel, up more than A. O. Smith, more than 2
higher; Fruehauf Trailer, up
carly 3.
International High-priced Business Machines fell 10 pints; Houston Of more than
Zenith Radio nearly 3. Activity centred in Fruchout Truller, followed by New York Central.
New York Stock Exchange bond volume was $3,482,000,
Exchange American Stock volume was 640,000 shares.
Dow Jones closing EVENIREA
600 32
INDUSTRIALS
Comment
M
500 38.25 800 26.75 1000 33 8
STORES, ETI
Dairy
were
500 19.50
30
custom2134
454.87
WEET
1470
20 il
149.03
In les
B3.37
coTTONS
111 stucks
101.87
Textues
5330
40 bonds
6 40
Nenyang
0.0
Comni fula12E price tuslex
151.00
Commn apął price Index Moody's irides
160.54
40240
London Stock Market
In such major segmente of
For the whole economy, it said, eronomy
construction und sales Po 15 per cut from ear production Further, the August and inventories only 3 recent credit bruke appears to per verst
The wise move. Con-
overall inventory-sales have been a #nuert restraints пр In the ratio ईदे manufacturing and A5 offing at least into the spring of trade telt from 1.07 to 1.80. 1950. Moet feel the men!
emparved with August, 1953, the market custnes
attributed by peak of the inventory glut that hette selling, following the many to President Eisenhower's preceded the 1953-54 recession, inventories me down 2 per cent deline at Singapore and Lam-Buress was a healthy develop-
and sales up 1 per cENÍ.
New chun, found trade buyers reserved.ment for the stock market.
Amet speculatiom that steel orders at August were up one- ย year curlier, the prices will rise next year, steel and over
Department satd. mis operated at peak rates with
the It noted also a striking rise a good chance of surpassing reconti output of 112,000,000 tons
received by business
London, Oct. 31. turned out in 1933. Customers primary metal producers."
frantle in their
One are said to be
of the strongest perfor- Moderate selling pushed about getting enough mers in the US industrial stocks lower on the London Concerni
steel next year. New business is the alaninuum industry. Over continued lo exceed
stoel's the past five years, the rate of Exchange today, but losses
of the industry has were
to fruc- nbility to produce, and backlogs expansion
mostly held show no signs of slowing down, outstripped that of the Ameri-tone,
can conomy as a whole in a about Ave ratio of
une. Among Industrials, Itolls- According to economist Mr Royce and Unilever feil buck easter (III Some mills, according to Iron | Dexter M. Keezer, McGraw-Hill sharply and closed with losses liquidation mainly from Feders: Age Magazine, are wielding a ublishing Co., the aluminium of is Ud. lion and partly absorbed by juig blue pencil" in an all-out Industry can be expected to ex- short covering with some trade
at Fast effort to control the flow of inpand
another 50
British Governmetil And the sun-fernt over the next five years. eming anders,
opened weak, losing as much as isn't likely te
US aluminium companies have £ gel any
ut managed a rally better. It adds
scheduled expenditures totalling toward the close. Major steel
Must issues users will be in the market in tens of millions for the next few closed £% lower, although War
Many 1990. Their pro fuction goals are years.
new operators Lo fell LA. High and they will be wanting are coming into the field as de- to add tu inventories to replace mani depicted stocks. Praure wul supply. cone from the nuio industry and allroads, now suffering from a
Dey.
Mar
May
July
Sept
Dec
SINGAPORE
The market
Wil
40 10
38 78.10
37.40
20
40
29.30
34 20
auppat Future closings were
flot
No
I
旧 nhber per
117-127
Nov.
Dec
Jan
No. 2
ubber per
Nov
No.
rubber per lb.
Nov.
11036-174 unquozed
11055-117
113-1101;
120-111
unquoted DA.Du 131-137
inck
No. 4 rubber per b.
Nov.
Spot rubber unbated
Blanket trope
No. 1 pale crepe
The
LONDON
High Goals
of freight cars. Last week i national amic
quietly officials W DZ
steady with spot quoted
pee per lb.
continues
for
вку
to
outpace
slocks
Closing Prices
Alden Inte
Any Allied Chemicals Allied MIlls Yor Allis Chalmers
American Airime American Cynnamide Co
Am. Mach. & F dry
American Benelting American Tel & Tel American Tob B Anaconda Cuppetr
American Metal
Almtu Steel Annour
$225 109
38
021
221
its
24
3331 4714
U.S. Gypsum
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. co.
PASSENGER/FREIGHT SERVICE
futwe do "CHUSAN"
CORFU
* "CANTON"
"CARTHAGE"
Leave Londot Nue Hongkong,
Salled
9th November
In Part
14th November
1211 December 7th December 0th January
via Söulhampton, Port said, Aden, Bombay, ¿dłamka, Penang asingapore
fathewards "CHUSAN"
"CORFU"
"CANTON"
Studebaker-Paekant) Corp. Swift Co
1034
471
Texas Co.
100
Tide Water Assn. Oll Twenty Century Fox Film Union Carbide
30
201
10212
Jalon Pace Railway
15012
Untied Aircraft
00%
"SUNDA"
207
2136
4316
DOL
044
20
1476 40 4831 Untled Press.
6. Line Co.
0.8, Rubber US Belting UB. Ste. Warner Brun, Westinghouse Electric Wen: Va, Pulp & Paper Woolworth
WORLD
COTTON MARKETS
New York, Oct. 81. Cotton futures today rallied briskly
after # mixed start with recently weak new
crop deliverlea leading the recovery.
Closing with rallies of $2.00 bale from the lows the 1st Anished Det 2 to 40 poxits higher. The market opened up 2 to off (8 points. New Orleans closed up 7 to 36 points.
reasons,
Buying on technical plus a broader rude demand coincided with news of quicken- Ing demand In the cloth market, with somo weavers reporting the best order back- log since Koren, generated the rallying power, traders sald.
Trade and spot house buying developed in the nearby March delivery,
where the discount under the spot month narrow- od to around 80 points from an opening spread of pround 123 points.
1703 Nearby December, the recent strong spot, ingged on the rally. Earlier, pricts see-sawed ner- vously while tradera analysed the polluteal debate ori the
of ridd question
70
04
4014
142
Baldwin..-Ham.
12)
Baltimore & Ohio
44
Bendix Aviation Corp
40
Benguel Corin,
1%
Bethlehem Steel
mapp
Borden Ties Co.
Burroughs Add Machine
Beeing Alplane
Canadian Pacific R.
Case (4) 0.
1. T. Fungici Corp.
Cat. Tractor
Celance Corp.
Chase, Manhat. Bank Chrysler Motors Colgate-Palmolive Cu. Cotamorein Credit Commonwealth Elec. Consolidated Extents Continental Oil of Del.
Con Products
Crane Co.... Crown Zellerlach Cubri Amer. Sugar
Curtis Wright,
Diamond Alkkäli
Dow Chemicals Dupont de Nemours Eastman Kodak
037
31
14
flexible
price support for next year.
Expectations for another In- crease in the government crop to be issued next usumate,
work, pointed up uncertainties 48 about disposal of
the huge 50% domestle surplus in face of ac
20%
497
2
ליווד
cumviating. supplies in the hands of other colton interests in the world.
Trading
78 Mar.
168,300 1902,000 bales
Leaves Hongkong Duo Londou
2nd
November 2011 November
10 November
19th December
10th December
10th January
13th JamiBTY
"CARTILAGE"
1313 Februmy
Via Singapura, Penang, Colombo, Bambay, Adṣb, Part Bild a London
FREIGHT SERVICE
tonda 100% Nov.
dur 12th Nov. Kalle 14th Nov.
for B'pare. P. Swetten- bam, Penang. Colombo, Aden, Port Said, Genoa Marseilles, Hlavic, Lon- don, Antwerp. Roster- dam & Hamburg
from UK.
for Japan
With liberty to call at Belawan before or after Siruite Ports and at Bombay if inducamenti ofera
Tanku avaliable for carriage of Oll lo Balk. Space for refrigerated carro. Limited Passenger accommodation
"SUUDAN"
"SANTHIA”
BRITISH INDIA S.N. CO., LTD.
Aut 0th NOT. from Calcutta, Penang
& Strait kalla oths Nov. for Maji,
Yokohama.
Chk-
Nagoyu & Koba
Singapore, ingong & Hangoon
for Singapore, Penang & Calcutta
"WARORA”
"SANTHIA”
all 10th Nov, for
its 371 Nov
P. & O./B. I. JOINT SERVICE
“OKILA"
"ORBIA"
เฟ
and Nov. Frota Karachi & Bombay Malls 3rd Nov. for Japan
Kalin
8th Nov,
for Singapore. Cochin, BOMBAY
Khorts-
shahr & Kuwait for Singapore, Culumbo, Karachi Barrah. Kbar- ramshahr Kuwait
“ORNA"
Hads Rh Nov.
"OLINDA"
loads 20th Nov. for
Sarachi
BAY &
BOM-
EASTERN & AUSTRALIAN S.S. CO., LTD.
"NELLORE"
"NANKIN"
joada 1/7th Nov. for Sandokan, HABAUL, Brimane, Byanby, Mel- bourne & Adelaide
Loads 6/7th Dec, for Sandakan, RADAUL,
Brisbane, Sydney, Mel bane & Adelaide
All vessels have liberty to call at any parts on or off the route & the route 4 sailing are subject to chatire of anietidiens with or without notice.
For full particulars apply lo :- MACKINNON, MACKENZIE & CO. OF HONG KONG LTD. Telephone Nos. 27721-4.
AQUIS HOS SEPARA
ARABIT
& ORIENTAL
STEAM NAVIGATION COMPANY
411
volume and open Interest in the Exchange today
431
were:
Month
PENINSULAR
Dec.
Volume 52,000
Open interest
379,400
10 Mar
40,700
377 900
May
27,000
540.100
4015 July 90% Oct 219% Dec.
20,700
221,000
23.200
141,800
10.200
81,000
0,100
10,000
closed
El Paso National can' Erie Radirond
Corp. General Electric General Motors Gen. Pub, Ut Gillette Safety Razor Glidden Co. Goodrichs (, r.) Co. Goodyear Tire Heyden Chemical
50
Total
214
23
0
134%
30
as follows:
374
Spot
7231
Dec.
Mar.
1712
May
and Steel Co Interchemieni Corn.
Hostake Mining Co. Ingemall-tand
July
Oct.
5514
Dec.
4737
Mar.
Int'l Business Machines
330
35%
British Oils were unsteady. Petroleum was firm, and Royal Dulch moved against the de New Uses
with a gain of £44. but others New uses
aluminion une hryf small losses. for almost group of inter-discovered
daily In
under German bonds were various places. More aluminium experts,
Potash Loans ta being ured
heavy pressure. and government sheet
lost £1 and Dawes Loan assented assembled in a three automobiles,
trim, grill radiators. Housewives skidded 14. Both Young loans of 34%acy meeting of minds to explore work
£14. Japanese Hens were efforts to are using more tinfoil in cooking foll the latest in mau's 3416-34%ke the atom work for peace. and there's been a tremendous mixed, with 1010's non-assentedFanity France
Altention centred on the 3432-3491
by £2. Other Japanese issues were unchanged or lower. Argen- 3211-324 use of atomic power in place of
errotic behaviour of 315-314t General markets, eit basis, ports: coal and petroleum.
such conventional energy sources copper prices is often mentioned tine stocks gained
bolstered by Copper shares, cireles here for this
and Rhokana, rallied 337-345%
There was strong hope that new look at aluminium. unquoted
According to Оле estimate,higher. Exiate crepe ihin New, and thick atomic power is slowly becom
with coal and the US industry can sell all the ing competitive the 1980's should the key to aluminium It can make for at lower.
Operational costs least the future,
cast the next three"
y care. the Inventers of an atomle-powered geneini- ' A project of
No. 1 MIL
market
Prices:
Settlement hote
December
Jan/Mar.
Apr/June
July/Sept.
November
December
• Janury
Nov. were unquoted.
AMSTERDAM
34.314 pcets for practical und spurt in the use of the metal in up 21 and the assented higher Veneral Foods
KEN
containers.
The
In trade
The market was quiet. Prices ing station are being whittled Advisory Institute, Inc., said! closed today In guliders per down, according to "Mr
kilogramme,
eif November
follows:
No. 1 rubber
No. 2 rubber
No. 3 rubber
No. 1 crepe
118
3.30 nom.
3.05 nom.
Untied from
Singapore Stock Market
Leggett
П
tional
that wer
plant.
Gold shares were fractionally Dollar stocks showed strength.--United Press.
b. V. that by the end of 1958, US and New York Sugar
price of an in the
000103
to creasta
atomic power would amount is
capacity, which
Market
New York, Oct. 31. World No. 4 sugar futures closed today 73 points lower with sales of 11 contracts.
Co.
NEW YORK
Prices of futures closed today
NEW ORLEANS
R. M. S. "CHUSAN"
*3.2011
3342-44 22.70
AL
20.92
SAILS:
20.34
28.77
Prices of futures closed today
hi
40
1037
as follows:
Spot
Jat'l Harvester International Nickel International Paper Int'l T & Tel John-Manville Co. Vioc-President
of Canadian
Kanse C. Power & Egineering at Aleo Products, constitutes about two-thirds of
Kenneceli Copper 3.32 nom. ↑ AN
Liggett Meyers Tob. Co. such a station total world capacity, is scheduled 3.30 nom. Inc., who said
Lockheed' Airpraft tile in expand from 2.2 million tons can be operated for as little in
Loews Incorp...... third more than conven-
en- about 2.0 million tons yearly
Lone Star Cement Co. int. He estimated "bad on the experience of the
Louisville & Nashville . Lowenstein & Bons tar period from 1932 to
Mesall Iron Corp. then world production in
Minnesota Mining kilowatt, range
by about 30 per cent
Mission Developineni one and one-half to twice that
the possibility that Euro- The domestle No. 0 contract Monsanto Chemical For a
Montgomery Ward a conventional coal burning pean demand may grow at an closed unchanged
to i point Motorola Ins. DON mation, depending on the type accelerated rate.
even greater higher with no sales reported. Nations Cash Rez, "A"
Dealers of reactor and other considera-expansion than is now planned
understood leading National Day Prod.
| Nadiohal Mufillers tions. Alco Products is the con- may be necessary," the agency British roiners bought 200.000 Nations Lendas. tractor for the Army package noted.
tong of Cuban raws through the Nasloni Steel Corp. power reactor now under con
On Mathinaber Cuban Sugar Insitute for de New York Central Fields Invaded struction at Fort Belvoir, Vir-
lvery tox year. The deal or Elevator ginta, and expected to be put into
the Much of
aluminium carries an option, declarable by Owen-Illinois Gloss operation early In 1957,
growth, the agency observed, Nov. 7, on an additional 50,000 Pacific Gas & Elec. came from invading, market in tons, the report added, Not Gloomy
the electrical, construction and Other reports mitt Iran is in Paramount Pictures Whatever the fate of coal in automotive
long strong the market for a cargo of re-Parke Davis co the atomie age, the outlook for holds of copper.
in the ment.
short-fied sugar for December, ship- the industry was certainly not a ages and Ide Frans & Novo Ltd. On. #1#bak
gloomy one for the near future, price of copper have worked fi The domestic raw market was Framer & Neave Ltd 73%
$0.30 oum, pref.org
Crial production in the United favour of aluminium.
quiet and castèr es refiner held Moncong
Bhanghai
Given Mability, along with to siding. Futuros: States is now estimated at about 8000
500 million tons, due to the big development of new lines, how 1/Dd
Contract No. 4 (world) in the United States uilder way in the US, Cantátka, from
Singapore, Nov. 1. Brokers today quoted the following stock prices:
Opening
Dalu Lintud tubber Co.
Ltd.....$1.00 British Borneo Petroleum
Syndkyła skausmu Wid Consolidated Tim Bradberw
20/-
&
Kenan Latates 140 37%
Haoicing Corp.
dokong Tin 20,
The Faber
Hyw@Biruniah, itubbi
[binepcore, Cold
América and Africa, the MAY Europo, South bocinin
US Steel Industry alone will copper industry should be able July
$1.55
Acad
demand
The
$1.50
$1.70
probably use 25 million tons to hold own the agency bolsterite per il fou Cuba), 3.36
predired; it sured more, this year than in 1954,
US coal exports will show an
world!!
crosse, of 25 per cent over last supplies of coppery coming from rear. With European cosi, prodations at this new, miner gugentore finding it increasingly" khould “, podgla Salabastern difficult to work their mines to problem, as world-demand for meet the tremendous demand, | copper
*. Contritt Na'i
Prodie Westem Oil Pan Ainurican Airways
Penny J., C. Cu. Penn sát co. Philips Petroleu Probler & Gamble
Pikteburgii Pjata dum mi publieker Industrion Pure Oll
Radio Cerration
Tepublie l
Reynolds Metal shelf off Co
Shadair Oil
South Porto Rica
Landend. Brand
Drug
Mar
LIVERPOOL
31.660
33.40
32.22
31.42-45 29.38
20.90-20.00 23.70
Closings, American midding.
In pence per 1b. were as follows: Old contract Dec/Jen.
Mar/Apr.
May/June
July/Aug.
July/Aug. Oct/Nov.
New construct May/June
SAO PAULO
21.45.
25, 90–43 $4.45 23,90
20140 20.00
-20.30.
Prices ungvadable-holiday.
In
the United State, the average price of 15/16 middling cotton at 14 designated- spot markets: 38.07 cents. Salfo talled 86,70 bales.---United Press:
NOTICE TO PASSENGERS
BAGGAGE:
Wednesday, 2nd November, at 11.00 a.m. for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden & Port Said.
Passengers are requested to send ALL BAGGAGE to the Hongkong & Kow- loon Wharf Co.'s Godown at No. 2 GATE, CANTON ROAD ENTRANCE, by Noon on Tuesday, 1st November.
packages SPECIAL NOTE: With the exception of hand,
carried by passengers themselves. ALL BAGGAGE must pass through the Wharf Co.'s Godown for loading on board by ship's slings only,
EMBARKATION: Passengers should, embark between 0.00 kád 10.80 'a.m. on Wednesday, 2nd November, 1965.
MESSAGERIES MARITIMES
"CAMBODGE"". "LAOS"
Exchange Rates | «Vi
jay koi I
100%
FAST
SSENGER/FREICHT SERVICE
sailing Nov. 5th
walling Dec, Sr selling Dec. 81st
PAST FREIGHT:SERVİCE®
ailing Now, th sailing Dec. 9th
INDUE! ""MEKONG