THE CHINA MAIL, TUESDAY, DECEMBER 20, 1955,
Page
WORLD COTTON MARKET
New York, Dec. 10. Cotton futures moved Irregularly today in slow
dealings.
. The Ent 3 เ
+IX prants
higher to 10 pouts lower
marked opened
The
MEM hugher to Reven lower New Delema Futures Batud one point higher 1. events puita kwen Juicen
1st back
Nearby montha naved up an much a 80 cents a bate my early dealings as trade buying absorb. ed hedging and hauldalon, mad now erop tenths aed on Lachi pelling
A leading spot Arm reportat antil quatro, in the Apuh an wete mete numador this week It added brawny a tad very Fost males were motr
be that very hitle Toying well The dom
Jays
The
Memphis mult
fow though she
Che holl
[
www
*Lace fra prompt cost tirspu
TerchapemenEIN
The feat
York roo 12 bab
Joke
Volume and
termle wo
Manila
1
Na
Cosen interest
11 200
420700
543 100
Der
Mar
* 100
May
Juls
17 100
e'
I sa
12499 11
Des
1.20
Mar
WORK
17 1+
May
Tala!
104,900
THI 12.300
100.000 1,001 200 Index
NEW YORK
TRADE
and
COMMERCE
SECTION
1955-Britain's Best Year RUSSIA'S GOLD:
MORE OF EVERYTHING AND HONGKONG | Ceylon To Keep
FULL EMPLOYMENT GAVE
HIGHER LIVING STANDARD
From Our Economic Correspondent
London. Dec. 19.
Whatever doubts economists may entertain about the trend of British economy the average man-if he thinks about such things at all can look back on 1955 as the best year of his
life.
Reviewing the scene from his viewpoint the outstanding It is fair to feature of the year was the fullness of employment.
say that unemployment in the sense that ablebodied men are unable to obtain work if they want it--is virtually non-existent in Britain today.
1
Houghly a bodf of the working. peal. Macour band wage dierenses Jurtout lang overall mallem week on eight shalloggs acart And although we or 12 xtra FRITI
alasoor bed hugher
ך דין
}
3
something left ove
Bensinsiption
1. nesse
The d
sole enn- Cathed hour per cent are govis nel cereres itt The Asd hair of
VODE
!
in the quantity vd house- Later gung, for consumijalom hold Konc
case showed jare nist yet aviable, but par down to about four um rent in liminary estunates gred at teend was in the The general upward the seement per al from eper ter fro 139
house-
Through vitam p maintained hold goods were purchased than dustries were reporting tighten
conditions owing
1 the dil The Be carme peruddl of 1854
"squeeze" later in the wear
Chatpurt umerenesend five per cent
li that test une monille ook year partly IN
ull hugh productivity
According
you
ant
1
frereusen
of purchases clothing and tandwear over a
Pathart
AT ISINT ander thuen pereal an the Best half food The amount
to the Treasury, it would appena bought was four and a half per that output pre man has risen cent in the first quarter and by on average by about three per
In the second,
This was less than per cent (
while consumption of fuel and 1954 and other good Justwar light rose rather more. Bigger years, but abant average Treasury tear sales Becounted for part of 1948 report, by far the bilgest rate the mix per vent CERTAIN al
in the first quarter consumption of other good un.!!
trer
[1
Press
d
Capture 」{,"q"}, ༈,「"、
tharo
The Mi 1954 Average cont
wen higher by jay leem Duree on four per cent su nutually expenditure was higher
FIL
ye
as follers
by
MOVED DRI
cen
Bl
Ma
May
3374 37 83-80
Acentding
July
Ori
אן
Mai
May
NEW ORLEANS
PR 24
Piles of futures el sed teada:
as follows
Spat
Mar
May
J1v
Ori
Der
Mai
MAT
Closings,
LIVERPOOL
were as follow
Old continet
Dee./Jno
Mar/Apr
May/June
July/Aug
New contract
May/June July/Aug Oct/Nov
ENylon Haitink
Jan Feb
peter
-1
30 54
#74
32.05
2005
2942
2040 4190
28.33
150
24.00
39 40
SAO PAULO Futu
Closing per kilo were no follows;
March
May
July
Ovt
:
11
CTUZLIJE
27.40 27 Do 2010
20.00
In the US the average price of 15/16 núdilling collons at 14 designtent sp markets 33,70 cents. Sales totalled 40,968 bules.United Press
Wils
New York Sugar Market
World No.
closed
sales of
Fal -
KAKE CARE
year
34
14 per cent
services
vent.
Summing Up
STOCK EXCHANGE
(From Our Correspondent)
Business done on the Hong- kung Stock Exchange this mono- ing amounted to $800,000. Nom quotations and the morning's Taminetions:
HIGABEA UYFHN SELLERS SALES
BANKS
1K 1920
China Pact
Colombo, Dec. 19. Ceylon does not intend to give up ita rubber paci with China under a new status as a thember of the United Nations. ES learned today.
WAN
Although rubber
the Kirategic
Bual whose export to
ma
Communist countries
opposed by a United Na Wons resolution, Coylou takes the position that it be not bound by resolutions. adopted before it becure
UN meinker.
1290 1919
J. 17:51 1130
P
INABHANCES
02/0
4010
J
SHUPING
Urban W braal 209 jun
tak KM, Bre
1 Wharf
t
$3.th
2020 PUDO 12(2)
Th
300
Wed:
39 #15 1000 Corka
..
R 40 11:35
LAND IN
INS Hotel
ST
12941 (* 1000
1500
18 ponga
TEL. Mitt
W kona » Dal
4121128
እ
ifrakstur
Tom
UFTULITIES
Tru
1213
901 9744
290 290 400 4
138
23, 200
3080 4 2 74 730v 23.40
21
SIPPY
SINE Ferry Vaiati Pers
Laght 101
Electric
Teleplwo
100
23
411⁄2 423.
So for we have been looking
at the British economy from the average man's point of views
New York Market
Turns Irregular
New York, Dec. 19.
With nothing new to stimulate interest, stocks turned irregular late today and only a handful of Issues moved as much as a point either way.
Trading was at a moderate pace, with turn aver totalling 2,380,000 shares compared with 2,310,000 on Friday. Of 1,171 issues traded, closed higher and 433 lower.
Measuri 1.
Averages,
453
To sum up, he had secure tin- Įployment. he worked harder and earned more. and despite Thigher prices C consumed
Inore. On the whole n pretty
Rood year.
From another viewpoint how- less happy
over,
there was
state of affairs.
Despite a warm summer and June
strike coal con- railway
"sumpties in the fret 43 weeks of the year increased by 800,000
lona. Birl coal oilpat was lower by sume tree million tons.
шк
To fill this gap between eon- sumption and production to build
storks (10) acepute eight million tons had to be im ported. This alone added £5 milling a month to the nation's import will in the
Bre months of the year; and steel and "non-ferrous metal imports gas ench
added a further million a month. Together these
Continental Out of Del Cora Pendants
101
23
54
Crown Zellerbach. Oy ban Amer. Sugai Curtis Wright, Diamond Alall Dow Chernel Dupont de Nemours.
unudustriako kocke and stalls Conno were off but, this up slightly.
Stock:
-uutios. :10 portab
dis, pared lay demand the au Bocoing which held more than a point of ten varty wicke goin O news of solution for the problem al olse. North American Ayla tion and Douglas added then post each
29 three items added acenunted for
over one Bird Mf 15 per 4014 31Increase in imports
2014
INDUSTRIALS
learned, Wa
Prime
* WAN by voterd Minister Nir Jebu
Kotelawals
& receni Cabinet session called to Klen discuss the problem.
Lo s involved in the
Ceylon
trade with Chinu but is not in the lid of strategie maleriuk,—United
i'res
A SHEER GUESS
By Sydney S. Gampell
London, Dec. 19.
The world gold markets have paid no attention to the reports that Russia has an "immense" gold stock of about 200 million ounces, and an annual gold output of at least 12 million ounces available for a "rouble offensive" in under-developed countries.
Bullion dealers said that any estimates of Russia's gold were sheer guesswork. Nobody outside the Kremlin had any means of making worthwhile estimates.
Union Corporation und Samurt Montagu & Company use guesswork gure of two milillos Lounces for Russia's unnual out- pul, but this is only for the pake of putting some figure into their compilation of world out- put
I
the
Other nuthoritles, including Bank of International Settlements and the United States Bureau of Mines, have stopped quoting any figures. Exceptional Sales
WORLD RUBBER MARKETS 1054
New York, Dec. 19. Rubber futurs Today closed
75 to 120 posits higher with sules of 348 contracts.
130 22 400 411 20 of 411 was 2333 70 1000 331
Buying in the futures market KORITATED by higher
1800 325 prices
grude
for Brimary markets.
were credited
יניו
rubber Manufactur¬
with subse
<
2,362, 240036
buying
STORES, ETC
DRITY
Wotmens
1
Spoi No rubber 18,
154
5.10
600 19.20 quoted
214712ally
Mufures were
134
March
MISCELLANEOUS
Yangize Abiod
d
Taly
May
3 43 9 45 JUO W *)
Sept
DIY
Singapore
Stock Market
ents
SINGAPORE
was
The market
40.00
41.00
30.00
17.00
14 AD
dull with
11 Interest 1111 mclined 142 sag on lack of support. Futures
were:
No rubber per 16, Sati
Feb Mar
No rubber per ib Jan, No 3
No. +
Spot rubber untried
LONDON
The antes crepe
Singapore, Dev. 20. Br... Kers tettuy quoted folkwing stock prices: Batu Lantong Stuber C
30/
No. pete crepe
137-1271%
12516-1234
unquoted
123-12 1221-1234 110-117
12016-1203
Kn-Fod
137-130
The market was very steady with spot quoteni at 36-13/10 pence per 1.
My
For the previoun six yearn inhe had sold virtually none. At various times, including thin she has subjected her year, populace to euadderütile hord- ships, for the sake of her in- castriatisation and urfence pro- grimine.
Acute Shortages
if le had had immenso quantities of gold to spare, these hardships route easily hayo been, relieved.
CIF-
Tun
Also al varlous times, she has There 14 very strong
neute shortages of cumstantial evidence to suggest foreign exchtunge ond difcuttles thest
the agre in the press in her trading agreements, which
highly exag | she reports
could have resolved by gerated.
asing a Hny fraction of the re- Bustu ling never neled an If ported
amounts of
of gold. sho
On occasion, such a stock of he possessed
rome Westen countries have had to suspend deliveries of goods that Eastern countries needed until the Com- munist states could scratch to- gether enough goods, and foreigna currency to clear off their out- stending obligations. --- China Mall Special
At the vnd of 1963 and curly she sold about four Endllion ounces of gold to meet pressing Import bills which she evidently had no other way of meeting. These exceptional.
sujes were
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. Co.
PASSENGER/FREIGHT, SERVICE
Outwards "CARTHAGE"
"CHUBAN" "CORFU"
"CANTON"
Leaves Londen Salled
Pite Hongkong
8th January
14th January
3th January
JEM
1st February
February March
Via Southampton. Port Said. Aden, Bombay, Colombo,
Penang & Singapore
Leaves Hongkong Due Loudon
Homewards "CARTHAGE" 13th
*"CHUSAN”
January
36th January
10th February
6th March
15th February
17th February
12th Morch Dib April
Via Singapore, Penang, Colombo, Bombay," Agen¡
Opening
1.11
31 02
Syndiente Consolidalek
25
Borneo Petroleum
Tun Sueters Onl Fraser & Neave Lad On Fraser & Neuve 7,
port
40/.
Pricts
No, spot
3434-36
Settlement house term
$174
Jun
*121
Fob
2046-3074
ti DD
Kin
Cent
& Shanghai Harlan Corp Heaking Tin Lid Kempa
Jaw/Mar
ย
Apr/June
B/.
July/Sept.
304-3032 241-35 3218-33
"CORFU"
"CANTON"
$12! $3 70 $33xd
Oct/Dec.
Dee
31
Itter
Sh
Jon
Family Finaner Cen
2415
d.
$102
Fri
6412
Petaling Tin t
1+
MOR
General Fooda
13
Rattles Hotel
$2.39%d
General Motors
IT
1+ifat's
10
Stupor Cold Morage
$1 CHE
Gen Pub
bulance
of trade.
In the feat
South 1.1azhi Tosutanee Fe
Gillette Safety Razor
403
Günden Co
nine months of the year
the
Lid
$27.00
Goodrich BFQ
a
8015
volume of exports was up
Struts Trading
$25 75
FIX
Strl Sternwith
$13.10
| Goodyear Tire
3
United Enginemis Ord
310 10
No. 1 ruther
uently 3
Heyden Chenicol
Than 4 year
We
Bro
82 70d
No. 2 rabbet
24
No. 3 rutier
Steels Easier
M Byen
Kastank Rodink
El Paso National Das
Erie Bailad
General Electri
points and heal more Mann un Inger-Rand
and news that General Tyre
المارة
Irinud Steel Cb, Interrheinend Cont
Tyre Int Harvester
International Nickel Intensational Paper int Tel & Tel. Jolin-Manville Cu.
Power & Light Kennel! Cupper. Liggett Meyers Tob. Co. Lockheed Alcorüft
Incar
New York. Dec 19
4 sugar futures closed one to three points lower | Rubber is negotiating to acquirenti Business Machines with sales of 19 euntrela
the company General
gr. Domestic No. 6 sugar futures | Peined more than
Steels were cast. unchanged in one point with
Aluminium
fell more than 4 points on forecasts for production cutbacks and lower earnings next year.
Kaiser Aluminum lost nearly 2. On The American Stock Exchange Kaiser Motors dipped a bli on heavy turnover which included a 10,000 shre
tints
Both the world and domestic future, mørkets ran their umunt courses as the quot news re- ceived on Friday failed to stir up any activity
Futures:
Contract No. 4 (world)
Spot-teent pel lob (in)
Control No. «
open-
31 LOK after ANNOUNCENIent of 3.14
Henry J. Kaster's plans to con- 317 sulidate all his vast industrial
empire into tlou
New
DIE HUM
corpora-
Lame Star Cement Co. Louisville Nashville R Lowenstein & Sons.
Meraht fron Carp.
| Monsanto Chemical Co.
National Steel Corp.
York Stock Exchange New York Central.
Murchi
Muy
July
Sept
314
Moreh May
5 30
July
Sept
3.40
Spot-teente ne i ett NY
ex-luty
5.30
United PreM.
Dow-Jones
were:
20
rajl
LONDON METAL
The tin
steady this
motala
PRICES
London, Deg. 19.
0144
404%
Chemicals Gain
Additional exports were able
to only part of the big gap
which opened up
per cent of prices averaging 1
189 per cent higher
earlier.
Chemical industries made the
ses biggest gain in a sales abroad with an increase of 14 per cent,
409
BI
ki
304
Luna Runter Estates 1ld Malynn Brewerige
New Setandoh
Chu Mall Spectai
trades New York Foreign
wille
using melal secured an eight per vent in- creuse in value of their exports of machinery and electrical goods and slightly smaller increase in exports of road 521 vehicles and aircraft.
t
The textile industry experi- enced mixed fortunes. Four per cent more woollen goods
exports
were
cotton goods were down by 14
lower by 10 per cent.
Another significant change in
the industrial front was the enormous increas
Th
Minnewain Mining
100
old abroad, but
Mission Developinem
30
40
per cent, while textiles made
Menigomery Ward
14
of synthetic fibres
were down
National Coals Reg.
A
3315
National Dairy Prod,
National Distillers
2014
National Load
10
71
431
Bo me
70
pland, The area
By
c;
20
1716 Cr than
41
00
4014
4 bond volume was $3,490,000. Olin Mathieson
Slok American
Exchange Oils Elevators volume was 1,000,000 shares.
market was barely
afternoon.
fteady, were
Other
Prieca
closed today in sterling per
long ton as follows:
Tin mot
3-month
Copper spot
enthe
30 Industrinin
[in vtilites
(0 bond
Owen-Illinois
Paclie Gas & closing averages | Paclite Western Dil
Comin, füture mico index Camm, or price inzer Moody's index
Closing Prices
Allel Chemicals
Pan American Airways
401.00 Paramount Pictures
101.12 Parke Davin Co.
64.al Penny 3, C. Cu.
170.50 Bern, Salt Co.
00.04 Philip Morris
139.04 | Philips Petroleum
101.74 Procter & Gamble Co, 407.30 Pittsburgh Plato Glass
Publieker Industries
Pure Oil
Radle Corporation
Republic Steel
Reynolds Metal
$11 Shell Oil Co.
saine Reg., Paper
Southern National Car ...
buyers
wellers
All Mill de
34
1321
All Chalinzers.
991) | Aldclair bit
B15
04
Amerten Airfizio
24.
Bocony Vattnin
403
403
American Cyanamke Co.
|Bouth Porto Rico Sugar
300 3001
Ain. Math, aľ dry,
28
Bouthem tallway JCom.)
117%
1701
Mtamular Brands
50
Blandard Oil of Cal
0610
72.
Standard OR of ind
B3
Standard: Oil of NJ.
Lend 2nd "half" Dec. 17% 113
.Zino
2nd
Mar. 1139
Half Dec. 00
Mar, 03
Sina
Amerienn Metal American Tel & Te Ainoricon, Tob, ."n" Anaconda" Capper
Armour
United Press. Armco S1001
NEW YORK METAL Aviation Corp.
FUTURES
New York, Dec. 19. Piles of metal futures closed In cents par 3b, as follows:
Land: Die.
Jan.
Tin Dec.
Jan. Zirle Deo.
·Copper, Deo.
Baltimore & Ohờ
Benguel Cota, Ilothlehem sinol Bontl Airplane ani Borden (Thaj Do. Burroughs Add Marlino Calladian Pacile
283 FINE) MERCE
..
C. 1. 7. Financial Corp.
Cat. Tractor .....
Crinum
Curp
Chase Manhal, Bank is
Chila Copper.
Chryster
ヤ
131 Sterling Drug Co
Stokely Van Camp,
44Studebaker-Packat Corp.
Swift de Coi
1024 Tidewater Alan Ou
Twenty Century Fox #in Thion Catilde th
sitway
244 Unless Facing
United Aircraft Us. Gypsumr Us. Line Co.
21USTUDENS
Wast
Invest-
ond of industrini
ment in new factories
Exchange
Engianul official
30-day futures
New York, Dec. 19.
$3.00-6/10
2.79-29/32 90-day miuron 2.79%
-United PrÓKR.
London
General markets, etf busis, ports:
305-30 365-373
unquoted
al inquetetl AMSTERDAM
The market was steady leadus. Prices closed in guilders per klogram eit Jao. us follows:
Nu crede
341 340 3.70 net. United Press.
London Stock
Stocks
Foreignings
Exchange
New York
Montreal
Amslerdin
building started in the first hall Frankfurt
of the year wis two-fifths big-
a year eniller and
production of metal working
machine toola for the home market
was higher in value by 404 16 per cent, Wii order books
28
growing a good deal faster than machine tool production orders.
or hand al ild your. wero higher by 32 per cent, while 45approval for factory biddings 48 by the end of September were
up 45 per cent,
03
Main Factor
more than It was this factor any other which accounted for 100%, the péralistent drift towards In- ni forted
DI
fintion during 1953- Doss the government
100 measures to keep industrial ex
10
adopt menageable
19
1011
60% pansion within
Klaban
Milan
Pats
Sluckiulia Zitrieli
Diners
Press.
wore
London, Dee. 16. 280-3/16-2.66
2.00-3.00-1/10 10.823-10.03 11.73-11.73% 10.00-20.10 1750.41700 REZT-1123
145171452
12.304-12.25% anchanged-United
Exchange Rates.
Market
London, Dec. 19.
closed mostly stendy in moderate deal- Un the London Ex- change tony,
Leading Industriais held their ground, although heavy selling hit a few issues. Unilever clos- ed more than a shlling lower, and Associated Electric almost as much, Others moved narrowly.
Jast
feature,
Shell Oil Was spurting almost two shillings, and Royal Dutch elimbed 'about E. But other olls were quiet for the most part and showed a number of lostor.
Government stocles British were idle, ohd Anished with a fey small fractional declines.
In the foilgh department, German bunds were in demand. Polush lleis Juniped as much as Day and the Young Loan frsues showed strength. Jupanese, were weak, with 19309, and Indonesian rupiali per 200) 10,8 Tokyo Eletrie off £1, or more, Slam teal (per 100)
28.70
180) --United Presą, Bingapore stralin)
Business was dohu in the local Lofficial
inarkot exchango
this morning at the following rates: U.A. dollar (per 91) ............ Sterling notes (pór 1). Australian nutes per di)
4.62 15.25 17.37
MESSAGERIES MARITIMES
PO Box 53 Queen's Building 4 Th 26851)|
Intl 473) At the close of 1909 British 117 economy is in a stale of con- pict with government's creati 107 #que#20 pilled against forces of 17Disinflation. On the outcome of VIETNAM"
struggle will depend"] »MAS at whether Britain's economy chil dihnew 18 expand By,salo
and! faday, staged or degenerates into
ugiftefeating w
With orlow and wastes Chasin
***Londres - Express & Berm
FAST PASSENGER/FREIGHT SERVICE
Balling Do6.
Jan. 8th
10-Marketites'.
FAST, FREIGHTËSERVICE:
Part Bald & London
* Atco Calis Diaraoilies.
"SOMALI”
FREICHT SERVICE
beads title Jan
"BINGAPORE” due
6th Jan. salle 7th JAN,
for S'pore, P. Swetten- tott, PSIA. Aden, Post Said, Genoa, Mar- sallics; Havre, London. Hamburg, Rotterdam & Antwerp
from UK. for Japan
With liberty to call at Belawan before or after Biralts Ports and ạt bómbay it inducement offers.
Tanks available for carriage of Oil in Bulk, Space for refrigerated cargo. Limited Passenger Recommodation
ད
Chit-
BRITISH, INDIA S.N. CO., LTD.
"SIRDHANA" kalle ath Jan. for Singapore, Penang år
Calcutta "WARORA" gals 10th Jan. for Singapore,,
tagong de Xiangoos "SANTHIA" due 10 Jun. from Calcutta, Rangoon
& Strails Male 1981 Jar for Japan
P. &. O./B. I. JOINT SERVICE
"ITAURA"
"OZAŃDA"
"URLANA"
"ITOLA"
"ITAURA"
duo 201 Exe.. fram Bombay mits 27th Dec. for Japan. ane 3 Déc. from Hombay Kalis 31st Dec: for Japan londs 3rd Jan.
joada 8th Jan.
for S'porn, DOMDAY. Sarachi, Dasrali, Khor rachar & Kuwait for Singapore, Madras, HOMBAY, Karachi, Dad, rah, Khorramapang Kuwait
loads 28 Jan. for Singapore, Coloratio, Karachi, Darrah, Khor- ramshahr, B. Kuwait
EASTERN & AUSTRALIAN 5.5. CO., LTD.
0th Jan from Australia "ARAFURA”,"dus
alis Ath Jan.'" for «Jayant, (N "EASTERN" toide Britt Jan, for Sandakan. BADAUL, Brkbone, Bydney, Mel- bene & Adelaide (ie
All venets have liberty to wall at any poris on or, „[alf the route '& the route & sailing are subloot to change or amendment with or without notion,
For full particolars appli lo. MACKINNON. MACKENZIE VOO OF HUNG KONG LTD
Telephone No. 2/721-4