TRADE
THE CHINA 'MAIL, TUESDAY, NOVEMBER 29, 1955.
and
COMMERCE
Stocks Close Too Much Prosperity'
Steady In London
London, Nov. 28.
Stocks closed moitly steady in quiet trading öh the London Exchange to- day.
Buying suppt was meagre, but sufleed v.1 scatterek issues. Shend fractionally.
New York Sugar Treasury Throws
Market
New York, Nov. 28.
b. 4 World
sugar futures closet today ujichanged to 05 phid tower with roles of contract.
nhì
Domestic Na. 6 Nger flurts
close to 2 punts dowar with sales of 22 cent: nots.
Both markets were quiet pen 1-
be developarent situations,
In the Interest Abong distriály, centred on motors, with Ford
and toll-Ruyer both up more
2
Con
American buying Leo helped Unilever,
Electricdi Buwater, Magical in tesirles lack then!! Kudos
raw
Futures:
shilling.
Contract No. 4 (world)
May Juli
3.14) 314b
Sept *
Spinlerate per ib, toti
Cuba)
3.14
Open interent
1,859 rontracta
Contract No. 0
Match
Miny July
SLA
Spot-penta per the NY ex-duty p
3 50 contract
O shares opened firm, then fell back under phont-Aukinią
pture, Royal Dutch based About £ and Burmah was arother loser.
Gold And Copper
Gold
and
COPPET
shares
Inled to make headway and
Open Interest: 700
Unded PreNI.
rished with scattered fraction New York Foreign
ul inases.
British Government stacks were quiet and vitually changed at the cks.
Among foreign bonds, Per- mon Loans skidded as much as £3, but Japanese issues showed a few sharp narances Tak vo five per cents fed the advancing Mentiment, sprouting about 22, and several others posted gains bf £
Dollar stocks were firm, with some leaders closing NA much as £2 higher. United Preis,
Exchange
England-io dar futures
th
Others incluzea.
nadine dollar rate
buyers malleis
Spot
ele Bikh kow
Pulizie
30-day
-da Oth
--Unlfed Press
New Light
}
On Last
Budget
From Our Economic Correspondent
London, Nov. 28.
WORLD RUBBER MARKETS
New York, Nov. 28. Rubber futures today closed 50 to 95 points lower with sales of. 242 contracts.
Switching operations dó- minated the terminal thirkti with the trend influenced by
Included
Intra-dealer kwiching July-Sept. at 1/5 March-May at 320
points.
Only one
The Treasury threw new light last the lower primary inarkt! week on events which led up to the October budget. It showed that prac-points and tically the whole of the increase in output of motor cars and “metal consumer goods" --a term which embraces everything from television sets to bicycles—went into the home market.
Armed
rumours
ource
lot traded in the delivery. Uncon- December
persisted of rubber being en you'e troin London for possible certification,
Another
reported rumours of Holland offerings of December arrival of January one sheets ut 424 cents; February three and 41 con': :nd Marca ne
theels at 4154
an-heets at 41% cents.
This may not seem a very important dramatic revelation but it explains more clearly than any previous official nouncement just what is meant by "too much prosperity."
"The
Spot No. Res were quoted
nominally at 48 cents a pound,
Futurca
Mar
July
Sept.
Des.
SINGAPORE
49.00b 41.05-70
38.60-05
33.00
343
SECTIOY
New US. Rubber
Record Set
Washington, Nov. 28. The United States used hort uhtural and lipideti. sübber in October than in Rhy previous month, in
the history,
Commiroe Depärläkät r6jbliči to- day.
botüber Böhallinplává amounted to 136:781 tom according to preliminary coulmates. This broke, the previolis fecord ar 128.461 túra net lá June of year.
The Department sitä lie October boost was the fith time in the bast 12 month that
rabber to
AJLI
to
Pare
HONGKONG STOCK EXCHANGE PRICES
From Our Côïfelpondent
24. "Rudber 1b Lod 600810 UTILITIES
Trampk StarFerty
Bolides cond bị lực Hang ng kong St88 Exchange this morning amounted to $310,000. Noon quotations and the math- ing's transactions: SHARKS BUYERS BELLERS BALE:
DANKS,
HK Bank 1008 1000
INSURANCES
Usern
110
9.00
71
2.16
Underwriters DOCKS, ETC. K Whart
Providkist (Old)
Wheelock
10 3 1070
29 1670
91670
144 14.70–800 49 18.00
6.40 0.90 1000 e 8.BA
17.40 1500 17,40
500 17 36 UK Land .. Bats 01 300 64 6015
fecard were sti,
Consumption
pt. new
LANU, ETC.
rubber, bollt synthello ādu
HR 201
+
na/oral, amotiled
1,207,152
the tons for first 10 months
1955. of This was an intervine of
20.3.
TR... Humphrey.
per seul oper
1,008,227 fons for the suthe period of 1959. United PreOS.
WORLD COTTON
MARKET
New York, Nov. 28.
Now York, Nov
In the first reven maths of months of the Year 437,000 $2.10-10/18 1995 the reduction inden for zeins were registered, ezarly
20121
curs and metri consumer goods Find more than in the same was a fith higher than a year | per: id of 1954. 202-10/10-2031/32 carlier and two and a half times
But there is another side of as great as In 1848 09-15/10-20-3/32
the picture. For this prosperits The market based, dis liquida- 90-16/16-30-31/32 According
Treasury's
hrs, according to the Treasury, tion which was well dbsorbed. Bulletin for Industry: "These thrown the 179-29/33-99-01/54 hard
burden [ the closed steady. Futures: goals industries have balance of payments "at a time No. 1 rubber pes ib. Del. esumed where it left off last 9-14/10-99-00/14 90-27/33-99-20/32 piayed en important part in the what the country's account Is
ise in the index of production, barely more than in balance and No z rubber për ab. Dec.
contributed substentially wh hat
when a substantial
is Nu. 3 surplus to the six-year rise of 12 per needed to raftguard the reserves Spot rubber unbled"..
No. & Den in real persona!
Income and meet our overseas commit-Blanket crepe and have helped the expansion ments for debt
Profit-Taking Hits
N. Y. Favourites
New York, Nov. 28.
hurted
Jan.
1209-62135 119-120 $1355-11435 17746-129
0716-0931
payments and No. pale crepe.
190-31
LONDON
May Be Right
of a third of the total volume investment."
at exports." In 1954 thelt quarter output was nearly
higher than in 1993 and the rate The Trossury may be right
of growth this year, though it tate, is still Mas slowed very high."
pai quoted it 375 perice bef The market was quiet with b. Prices No. 1 mot Ris
$715-38 Bettment house benih:
Jan. Feb
Jah lat.
Apr/June July/set.
General markets, Air dielë,
Dec. Jan
Estate treßë "Bi' 'uhquoted. AMSTERDAM
Cotton trading today re
week,
featuring ahothér sharp rise in new crop de- liveries.
Galns oxcreded $8 a balk in the forward deliveries as brond- scale buying credited to Liver- pool and other føreign eccontata;
mend joined a commission house de- as sellers became more cruticus and recent short moved to cover:
Cibaing near the day's tighs ba the now crops the list plesed 19 points lower to 48 points higher. Opel prices were up 1-891% one to 25 points. New Orleans
closed off 18 to up 28 points.
Stock presented a mixed appearance today with profit-taking hitting many re- cent favourites in both the industrial and rail groups while some special issue rose a point or more.
The list was off on balance, however, with it-ger than a year end crades Have any more closed today in guilders per 34.99 cents & pound, t
the It te-
in belleving that
the lighter hire purchase arrangements of last July and recent changes in purchase tax should have Increased Demand
effect
of
whether increases in production of this will be
mand in training home de
But general magnitude have constantly in is chother
suficiently creased demand Rot
altogether. raw
The
measures Liken Cer
cerller materials, particularly dedi and
rb hire non-ferrous metals. The Truth: this year to curb
estimates stary
home spending thai elveties of steel, including the surface of the problem li
tal's to
the whelter breit ports. In the Arst time months as of this year
recefit werd about tenth
purchase
effect. they don't the there may be those of virgin aluminium were
some real shocks ahead, for the two-ths higher
In the saine period imports of British bublic when the hexi
budget comes around. etest ord
materials strel-making wer £59 milion or 8 per cent 1 higher than a year earlier, while 264-ferrous preteks were up 243
milion or $4 per bent.
dustrials a gain of 1:94 In their average and räils off 1.78. Utilities managed a gain of 0.12.
Isuca | Crown Zeļimtbach
of it lolal 1,200 appearling. 518 were lower, 447
higher on the day.
Trading picked up and turn- Bver totalt 2.560,000 shares.
on
Culan Ambr, SUGAT Curb Wright Diamond Alkali BL Chefiends Dupont Nemours Eakumari Kodak ... El Paso National Gas
Family Fiance Com
Considerable attention centrede Raroad
Montgomery Ward directors met after the close to Gensere Electric take dividend action. The stock
ranged from a high of $100 to
a jow of $102, closing at $103,
off $2. Directors proposed
General Foods
General Motois
Gen, Pub, Uti Gillette Safety Razor Goodrich (BF) Co.
two-for-one stock opy! Goodyear Tire creased the quarterly dividend Heyder Chemical and ordered în extrò.
Motori Soft
Foamtalen. Mintne Co.
| Ingersoll-Itana
Indard Slee. Co. interesement Corp. Int'l Business Machiner utternational Nickel were salt. with International Raper Chrysler off nearly 2 points midinti Tel, & fol
John-Mane General Motors down a point.
Among the leading tridustriais. Harvester, Automotives
Kansa C. Powbs & Elant Du Pont fell nearly 3, weigh- Rondecol Copper hg on the overage, Steels were Ligeit Heyer Tou. Co.
Locknded Alverdft
kørtow.
rails,
Santa Fe, an 11-poldt ne la ceintent Bainer on Friday ou hopes of stock bustle & Nachtute R.
Lawerniels & Sons. split lbst 9. Union Pacific,
Iron Corp another recent strong spot, fell Milling
Misión, development. more than 4.
MAINE Cheskiical Co. New York Stock Exchange or others Ward
volume was $4,000,000, Motorola Iba American Stock Exchange olume was $1,050,000 stintes. Dow Jones closing lyding wert:
Diony
39 industritts
I falls
י,
Nors Ch Reg. National Daley „Prod. Natiomi Pistiler National Land. National Blond. Corp |New York, Central
2018 C Mathieson
431 Pacilig Chi 4. Elợp
di Lace
Colp.
Cabot BAE littex
Moody' Indoki...
Closing Prices
Aiden the Act. Lilled Elembeli A Mine.
Allis ChalmDEW American Airline Am. Mádli. & F XH. American Metal
American Tob ̧ "B"
Armed Steel
Armour
26.71 Tap Andean Altways
102.3 Pramount
host: Parke gl
400.90 Pethy
Filip Pots
Publicker
Pure Qil 54adio Corporation
Republic Steel
23 neynolds Metal
241
Bhell Oil Co. xd.
2233 | Saint Mg, Pajur
Ahadonda Coppe
Canadian- Puclie
Bincial 3811
100th
Socony Vacuuln
South Porto Higo
7201
0418
4171
2231
And these two
two ma'erials, says
the Treasury; accounted for about a quarter of the increars in the
211 total imports in this perod.
402
in
This is only one way which the increase in home demand for metni goods hus directed the country's beirnce of payments. For the pull of home market has been so strong that the ex- ports of goods concerned have not risen to anything.ke the extent of their higher produc- tions and In some cases have
fallen.
be
The market was quiet. Prices
Idlograto, elf Dec. as ipllows;
No. Tube
2.50 paid No. A rubb
$. nom. No. 3 rubber
3.40 HOD. No. 1 crebe
3.70.bati.
United Press.
Nigeria's Oil Quest Has Cost £11,000,000
Lofidon, Nov. 28.
Just about now, the overseas Christmas mail
Spot December met Increased spot, house celing and reaising after reaching a
ing a Fremium of 89 points- $4,43 a bake over the average loan rate, of 88%1⁄2 cents à pound; the spot delivery run into a little more trade sclling.
Apparckily
The premilum attidétait moré tölton fde verun- ch1lth and polšß'e fender; té: riflans thought. The certinelled stock rose 909 Bates in 0.091 büller: Open tenträztó la Bécém- Her at the start of trudil today 10tdied 181,000 bales.
Volumen and open interests WETE:
Martin
Doc.
upports of vacuum cleaners, deliveries are beginning--and these will include Mar
and door quite a few consignments labelled "Owerri:
electric shavers
polishers for example, were all
lower in the first nine months
of this year than a year parlier. Car exports
ycle esports rather more, while
those of motor cycles fell
Spending Spree
Nigeria."
*
100 0016
100 01 100 001 000 *
'mail Ferry Get (0)
Electri Telephone INDUSTRIALS'
Coiner
STORES, ETC.
Dairy Wations
COTTONS
Textiles Nanyang MISCVĒLIJĀS
Allied
2.90
130 140 100 105
100 @ 23.80
33 12.20 000 23.10
A
313% 50), 2000 1 2
34,100 34 10.00 10.00 30.0
0.50 8.60
5.00
2009.TO
Exchange Rates
Busince was done in the local
anarket exchange unofficial morning at the, following rates: US. doliar tpet $11 Sterling notes (pbr ́æl). Australian nates iper 21) Indonesian rupiah
Siam, ticals, (per 100)
Singapore Siraits)
(per 100)
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. CO.
PASSENCER/FREIGHT SERVICE
Outwards "CANTON" "CARTHAGE"
"CHUSAN" "CORFU
Leares London
Balled
7th December
10th December in Januar
Der Hongkong
12th December
Dth Jendary
14th January
6th February
vià Bodtkámjlok, Port Bala, Åába, íóííutý, cólòmbò, Perang Singapore
Homewards Leaves Hohgkóbɛ Buê töhaan "CANTON" 10th December -CARTHAGE” 13th Janudý
**CHUSAN” BÚM Jähvary *Edit*
loth February
tom Jalukry
15th February
27th February
12th March
Vis Storsport, Penang, Tojonißo, Bóinukỳ, haki;
Fort Bild a £60dod
• Alo Calls Márazfiles.
"BOUDAN"
"BONALI""
FREIGHT SERVICE
loads 7/8th Dec.
for sphri. P. swetten- ham, Penang, Chlombo. Adin, Port, Buden, Part 5:14, Genoa, Barwellies, London; Ant- Ihyre, werp, fotterdath Hamburg
dub 11th Dec. from UK. tt 13th Dec. for Faban
wich 18šetỳ tô cảll at Delawak before or after Sizatio Ports and at Bombay if inducement ökare. Tanks Available for carriake of Ófl, In Billk Space for rëffljerated cargo. Limited Paskonger accommodation
BRITISH INDIA, S.N. CO., LTD.
"FULTALA" walls 10th Dec. for Singapore.. Chit-
Lakong & han zoon “gİNDIANA” kate telu Dez. For Bingapoté, Pelabý &
Calcutta
“BÅNGÓŁA" dub 18th Dec. from Caleülid, färgoon,
& Straits sails 19th Dec. for Japan,
P. & Ø./B. I. JOINT SERVÍĈE
loadi and bec. for suizidi
Mar.
Volume Open, interest
234 per 25,000
boo 24,100
121.009
$8,000
1300XEDO 110,800 1,773,000 BALE=
NEW YORK Prices of futures closed today
ns follows:
24:2)
"OBIILA"
"ITOLA"
"URLANA"
"OBRA"
#17-30
"ITAURA"
30.04
39.80
199$
For here in cheerful exile are some 200 European members of one of the oil, companies which have been vainly seeking oil in Nigeria since December 1987.
They have tested
March
July
December March
In short the nation has been enjoying a spending, spree at the area with sometimes a show of provides, table tenis,
pres after divoratori.. The clubhouse. 17 October
Bluintda 10js expense of lis export trade oil or a trace of petroleum gas and shooker, Besides à plans for May
Fersonal consumption, in the first half of the year, was four per to raise their hopes that here at redding. cent highes in real terms (that You Each time,
long last was the real thing, weekly Eihema al8WL.
the faltering
13 after allowing
prites) thall d year
for
rose nearly Avë bër LEOF. Hortons betered out in eventual
Bist quatief compared with
the disappointment:
dating Br WIFE-
NEW BELEANS
Supkéniè· ImpökładES Apart from the Eilögiäns engaged the all but there are also, tome. 2,000.
Prices of futures closed today
ba follows:
spot
December March May July
However, in view of the li- cinte period of 1953 and wiree mentre Bize of the territors bercent in the trend explore and it is the establ
Mowing down le riister of part of the Niger Delta
is of growth was most mirkt
household
101
was fairly hire
of the oll men 18 trin,
i region alone took in some men for Increasingly responsib 18000 square mes-there is still gal much ground to be covered.
Search dobi on
There is always, the chark that a worthwhile, discovery will måde. And ad the searen 2000
posts whenever and wherey Ef possible.
INVÉRTŐUL Closings, in ponco per in; were
Clearly the discovery at bli would be of suprême importance to Nigeria's future economy More than £if milton is beetj (spept, on the project dad, a great so föllower Tid on illen have not picked the venture over
des), more will be pent, before | jin art decommodation Intellgry, for
امال
iralweiss (ht Bnly a few do- teams to on hobli cades ago. Nigoria_id #tili no real, whB-12
The Hamricts ploration 16 orë.
fus hand tie. Betk
However, Nigeris
founderds
London Foreign
Ex
"URLANA
dare
Colombo, BOMBAY Karachi
Que 6th Dec. from Karachi & ambay sails 7th Det. für Japán due Dec. From ohibit, sals pin Dec. tor Japán
jódds 12th Dec. for, s'pore, BURAD Kamení: Buku KAER ramshahr & Kil'Ar
Que 25th Doc. prof, Holiday ikils 28th Dòờ, för dubai
Iddaà đih Ján. for poft, HİAY,
Karachi, Erit
ranshahr & Kuwait
EASTERN & AUSTRALIAN 5.5. CO., LTD.
"NANKIN”. `_forded/7th Dec, for Fandakın, RABAUL, Brukene. Bydnay, Male
"EASTERN” due 2012 Dec, rihm Australla
sails 13h Dec. for Japan -
All vessels have libértý ló Káli at any porla ob ek off the route & the foúté & sailing seè subject. to change or amendimesis with ök willöki kökIJE.
For full particulars apply to. MACKINNON, MACKENZIF & CO OF HONG KONG LTD. Telephone Nos. 27721-4,
MESSAGERISS MARITIMES
BAU, FÁULUS.
FAST. PASSENGER)