Page
THE CHINA MAIL, THURSDAY, JANUARY 12, 1956.
TRADE and
COMMERCE
WORLD Persia Orders First Two
RUBBER MARKETS
The in th
Sat, Jan. 11.
d pooling Now Yk austeri
bul
444
1 wer
19!
L
and lar
11-117
HONGKONG Tankers WORLD
STOCK EXCHANGE
(From Our Correspondent)
25/1
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M
NI
Jan 7 1 blanc po
ELL
J. 1
No 3 NI
112 113
ch, as she died
Black
[ 1:9
1200, 1004
NEW YORK
Future
4 to 45
Busana use in the HR-
Ex bang Sock #mount to $350,
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11.5
and
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with -
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ans
feneral D
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TIK Bank
JSSURANCEN
IN
M. 429 t
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21
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Jud.
LONDON
The tanke
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Fest Apters
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Api 12
Jul Sed
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FORNIREA
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IN
OIL HITHERTO CARRIED
IN CHARTERED
FOREIGN VESSELS
Rotterdam, Jan. 11.
When Persia takes delivery here in
Į SHARES BUYERS SELLERS SALES | two years' time of the first tanker she has
1
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NEW YORK METAL
FUTURES
They als
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Feb
th
1111
1.2174/6
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3713
4023
37,
ونالد
الله لا
ever
ordered she will be making an experimental start to building up her own tanker fleet for the first time in history.
Until then the millions of barrels of oil which Persia produced every year will
- have always been transported to all parts of the world in chartered foreign tankers.
Not Perza has del two!
1. 1
100Z
1.
TY
19.3
*
3
1920 1919
27.
2 13!
37 580 N
2329
Cu
2143
takt om
V
1:14
104 1
MAY
22 4.1
it ..
4 Shivan Downing ba
Th Jame
own
1. J...
107
a
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1 Gt or
Bob het 1 4057 Tandr w
14 dłu
by th
Lagt (NF49 30 1680
',
.
149 & LU
1
IN
TRIALS
3
SORES te
PRONS
£
MISU FULANEOUS
Af
57 119 34 75;
311
: 2010
+
גכי זיו .
ין*
1
of The
200 25 k
LONDON METAL
PRICES
371
ד'י . *
זיין
Wur
help Purch In lusitis 200k back their tret
Pr[r
Long Period
bas
3 fem an arrangemal v
London Stocks Sag But Recover
London, Jan. 11,
Stocks continued to saf
the London
at fat aliows her to pay mi Wortes
treme to slepend 4 "
financing agreements to other: cruntules as to the sped with which her new tanker f Cong. but
ball up. Mr Aldo) Hosten Meftah, the Persian Mials or
171 Holland. said that his country was plunsung to order
more to ke in Britn
Ir the dancing can
Tanged."
Minkig
G: verum m
¡
COTTON
MARKETS
now
New York, Jan. 11. Cotton futures moved irregularly today in | mederate active dealings with nearby deliveries
and rising months sagging.
Realine mill buying absorbed moderu’e hedging at the open- ing and prices moved narrowly on either alde of the previous close.
crop
The old crop months moved upward later on Increased mill buying, while the distant de-} Ilverks continued to encounter tight front-ts king.
Market observers believe finding in the new crop mon hy for the next Jew weeks will
SECTION
International
Fur Fair
New York, Jan. 11.
An international fur jar will be held in New York City this year, it was - nounced hero today.
1b fair will encompass SH components of the fur Luduny and lo de veraberi as the most important and comprehensive such chtst to be held anywhere since World War II
This
will be otannised by the US Dartment of Com- merco.United Press.
fair
Most Chicago
Grains Higher
· Pagę · 0
Brightest New York Market Session Of The Year
New York Jan, 11, Stocks just about recovered yester- day's losses today in the brightest session of the New Year.
arket, in its second rise of the six sessions so far in 1956, ran up gains of a point or so in many leaders and improve- ment of as much as 3 or 4 points in a few special issues. Rails were strong.
Lokmanyam aus ol www.bri topl
Cexlit S.
Liuwid ar Luna aliji, burat
Vagat
Lamana kuli Con el JAPON
Wall Street experts charae- Corvalidated Edison terised the upturn as a normal recovery after the recent decline, hulped along by the announce ment of three of President Elsen- hower's physicians that his "physical condition is excellent." Chicago, Jan. 11.
Measured by the Dow Jones Most grains finished averages, industrials recovered slightly higher од the2.30 poltils and rails 2.03.
of Trado today, reported to be although they were under in pressure of profit-taking en ries and and scattered
selling.
reflect the day-to-day develop
meals on new farm legislation Board in Congress.
Traders aure
slowing
riporis of loan
Itriere t
ther offee! (4) okl егор deliveries
that the m
now
domestic
, mes age is out of the way. was noted that nd foreign price Axing in the hus increased steadily thee the farm message on Monday.
marby
s
10
hedge-
Word from the routhwest that domes.c bikers bought additional fair-sized amounts 01 hard wheat Bour this morning resulted
of corn and
Trading Of
bd par nattal was
ere an..
jewody, zance Corp. (Lennutal sieci.g
Sex Dunai Muturs
Cloud, but, UL.
Trading, however, tell off with turnover sotulling only 2,410,000 Loan Co. shares compared with 2,040,000year yesterday.
le dafety Razor
Garen 1. F. Ca.
theyun Chemical take Mining Co. ingers,is-Rang Of a total 1,184 rues traded.inn et Co. 700 were higher on the day, 234ncredereal Corp. tower.
Xls
Muthias Machines Int Harvester Intern..onal Nickel
gels anged to overly internal aper 3 punts in Santa F. O had it. Tel & Tel.
£6, al-Mu4] valle Co numerous strong rls. Con-
inental
Kansu Pɩwer & Ligni more than 3. Rena-cott per gained Anderson Pilchard and Amerada eit Meyers fob. Co. more than 2.
demonet in increased for wheat futures, Dry weather At the clove, the list ruled 25
conthucd Over the winer Algher to 19 poin s
wheat belt. Opening prices were sig hlp her three lower. New
Considerable emcunts of wheal were and abroad by US and | Orleans clusti 23 higher to four
expo 13:3 today, day's lower.
niong with interest mallor open
Amount soybet Ba
The US refined market
also was the with
fale pounds of ol to Spin and ante to po-pects of sirailar 1,622.700 bates | Spain in the near future.
Wheat closed unchanged 10 off % etat; roybeing
MAY
'ocks and British streky ouen:d weak and retreated aling a bad tren, Then the Guver- ment stocke Brmed and recouped May
lity October December March
4 to 1% centa,
+
Lucakera Austan Loews Incorp. Leno St Lement Co. demund for non-Louisvike & Nashville
lifted | Laws Sons,
Matsaus tiun Colp. than 4 points.se Mining zuely 3 and Alcon manon Development
There wis (Parious metals which
Reynalds nev soybean oil Kenecoll active today, and Curro De Prico a point or mon ante Chemical Co. of 20-million snore,
now of
Prices per bushel in cents: CLOSING PRICES
Montgumery Ward Motora loc.
NaLunal Cash BIL Exchange National Dairy Prod.
Natissal Dustulera National Lead National Bleel Corp. Exchange New York Central
Olin Mathieson One Elevatora
New York Stock zond volume was $3,500,000.
American Stock volunte was 090,000 shares.
Dow-Jones closing
Wetc.
30 industrials
20 rails
15 uues
averages, Owen-Black Glass
Pacific Gas & Elec. Porine Western Oll 478.42 Pan American Airways
F'aramount Pictures 10.71
63.60 Parke Davis Co.
Penny J. C. Co.
crsis
HO by
it per tis trap-
today on
hang but managed partial
recovery finished above the
Ex-
pon's GWT.
n
this lows.
Volume
vard
were:
Merth
over a passible rice
Mirch
velume
27.000
Opening interest
Jin 90
1
{t ←
na kila
End Jas ■ 1
were
New
11
Y
City
Mu
at the anktones the b.1 | raje and uneertalaly a long paled.
ver Wall Noreet
May
24,300
530,800
recent dev slopments in
July
30.200
20.000
continued to cloud
Det
10,100
300.100
Dec
ja pea
03.100
x་།།t
Price of m
1
serbag
K
ton
215
she can reach similar the cutlonk.
Mar
12.300
103,tro
May
1,000
24,300
wdown
1573)
.:
MIK
H17
3
204
4 25
{"
I'
111
11
10%
3
375
370
12782 :
Balf an
11
Apu ze
the recorded.
some
Industriak felt continued well- held losses to around A few g na 9.
Amaunt
Tula
133,800
NEW YORK
were
Prices of . iures closed today
116
s follows: Spot
39.251
776
Api
114
116
Mich
2424
- half any
1064
33.01
Apr
DE
32.65-60
Bu Ned Prese
30.08
30.70
30 62
Whent, No. 2, red Epot
65 lucku
102.44
214n
40 benda
Penn, Salt Co.
90.00
ւ
Comm. future price index
Philip Morris
123.10
MAY
2071%
Comuni spot pice indux
100.47
Philips Patrolium
Prices of turer closed today
July
1987
Moody's index
Sept.
rs (ollows:
38.00
March
3124
Corn, No. 2, yellow
Closing Prices
Spel
129***
34.67-09 Mine
1301%
Alden Inc. Aug
$22
Ailled Chemicals
30.00
Mey
134-13:17
Alika Milia Inc
30.76 July
174
Sept
1974 1301
Aills Chalmers
07
American Airline
23
30.00
Eve
A. Mach. & try
251%
American Metal
Auth
LIVERPOOL'
Mar.
124
American Smelling
Future clus.ugs, in pence per declin.s Ib. were as follows. matals Old contract Mar/A
May, June Carler. Dr stocks
July/Aug. pased in quiet Tende | New ventruet MyýłJune
May
1.25
American Tel &
Oats
24.30
22 77
24:30 Many
Mar.
09-14
23 53
July/Aug.
20.20
Soybeans, No. 2, yellow
Qet/Nov. Dec/Jan.
24.10 Spot
2421
23 53❘ Jan.
Egyptian Karsisk Jan./Ped.
41.09
May
July Sept.
24014 24412 247-2485 74814-246
Booing Akplane
Barley,
0.45
28 40
20 09 31 60
New York floor
200 lb. Anck
$13.100 United Press.
CHINA'S DEBT
TO CEYLON
China
Colombo, Jan. 11.
than
nwed Ceylon
more
$11,000,000 at the beginning of 1956 in the controversial rubber-for-rice trade pact between the two nations, it was learned today.
WAS
trade
The two ingkers would be of about the same size as those wrted in the Ro ezganı W yurs, he sale.
But the Arse, str.si re
abl: importance of being
to
Clain suitable log na by B Italo
ง เ 3 part of their lessas
Golds Decline
back After at Sp ty, with Sell Tram Lur he Construction of these part
mejor lost. Royal Jur tenkurs before they could
Bu. cluber 4 โม
Der erzber "Financing ordered.
Their Bu mah and Bitch Prolium
March uuilding a cur male problem,” tam dad mingid to show May he atted.
gins at the cine.
Gare, fit hed with x- Tive The won. E Pozelan
theth ! k expreted coretan kon if her own tankerjako wer fler would be tore reomeralend | giacrally in the long run than charter - | Jeg ing ankets, But the results with a small number of
To Be Studied
er would have to be stret deficit
flot bitore it could be deel:..
Persian £4,000,009 | how large the future
tanker fier would be, the Minister said.
Sources said that China's
U | estimated
than more (US$11,200,000) and that this was causing some concern in Ceylonese circles.
The to n} defcit would have Ceylon government rallway in been even greater, but la The part exchange for the rubber. irst week of December, Ceylon United Press.
purchase 1
from China 7.000
trotzs rupar at a ton of wheat £250,000 (about US$700,000).
It was the first He tha' Ceylon
purchase rar from
the Chinso trainland. The price wou describe 45 "cam- petitive."
Seme quarter here belleved that China
dellberatels WB: allowing the trade defcit to in- crease so that Ceylon would he forced to import products other then rice and thirs give the Communists
n Krenter tradu
entry into this country.
It was known that nego!lo- tions currently are in progress between the two nations which China offered other com- modities.
Wheat Flour
Sino-Italian Trade Talks
London, Jan. 1. Italian and Chinese trade ex- perts met in London today in a preliminary two-hour seien to орсть series of discussions un trade possibilkles between the two countries.
An Italian
The new tankers ure to he churtered by The National
Peirian Of Com; any which is managed by a consortium one British, cnc French,
Dutch
and Aive American
petroleum companies,
Details of the ships building
وا
bonds. In foreign
I pape were mix Jind GMIN, Show - da low ke 21 or more. - Grand F25
Singapore
Stock Market
Brokers
Singapore, Jan, 12. Today quoted
here are curve for the ship-following stuck prices: yard
reluscs lo cycl B:.Y specifications until they ALC launched.
the
Opening Bana Lintong Rubber Co, L16. $1.53" Brth Free Fetroleum
Syndicate
Conte Prated Tin
Smelters Ord.
Sa.pping circles say. how- ever, that the tankers wili probably be very similar to the standard types ordered by the berekeng & Shanghai Bri ish Petroleum Company 17 Brilleh end Italian shipyards rrently and which are of the same size.
Frater & Nerve lid Ord, Frarer & Neave 15 cum, pret #1.85
Rengkong Tin Ltd. Kempas Ltd...
NEW ORLEANS
SAO PAULO Futurea elisings, in cruzeiros per kilo were as follows
MALL
May
July
Oct.
Dre
In the United States, the average price of 15/18 middling Colton at 14 designated spat markets was 33.90 cents. Sales intalled 26,515 bales
KARACHI
20074
23014-
120-14011
WINNIPEG PRICES
Winnipeg, Jan. 11. Prices of grain futures closei today in cents per bushel as follows:
The market Armed up today due to good ready business and Dats
con- light position in January treet.
May
30/
30/- $1,00
Jur
There wer
rumours, about | Hyv China enquiring, but Chinese quariera feluted some. Pr.ces
1026
closed in rupses per maund as 704follows: 62.03 4P Punjab roller gin
May
Ort
Battey
May
72/17
JY
63/12
Oct.
RIZZ
Jaxiced
1/4
May
BYB
July
United "Press."
saw in
Juras Richter Filates Ltd. 12.10 299- Sinder
$3.47 Malayan Breweries
280-9′′ Punjab roller gin
New Serandal
Hiber Co. Ltd,
$1.05
Petaling Tin 114.
$4.70
Ties Hotel
$2,33
Sitgeprte Celd Storage
$1.00
Soth Brit
Three Coasters
The Verolme yards ofe also tho building three coasters for Embassy spokes-
Insurance Co. Ltd. Persian Shipping Company Straits Trading in man
stid later "the talks are
under the seme condicions. 03 Btraits Etcemchip informal and nothing concteio the
tankers.
United Engineors Ord. twe
Weare Bros, has been discussed.
"They are exploratory tales coaster is dus to be delivered
next year. to consider possibilities of ex- "panding trade,"
The
talks were originally
The Arst
The Vercime yerde are con-
bere 015
one of
Echeduled to have opened yes
diplomatic
China already has offered to terdsy but, were pui ponad. Dell Ceylon considerablo quan Italian
circles titles of wheat flour and price | staled that they dro a renewal nipotitions fre new going on. of contacts between Ambassa
ders first made in Geneva
Although Ceylon, who was re-
Nations, has been criticised for
cently admitted to the United Auguri 13.--Roulez.
her rice-rubber deal with China,
a government spokesman said
on
the
Jn
and most go-ahead
though they were founded only in 1946.
Shipping circles
$11.05
$34.31
12.01
China Mai Special.
saw m
024
86114
Wheat, No. 3, horihern 1814 rents; No. 5. 123 cents—United
New York Sugar Fres
Market
New York, Jan, 11, World No. 4 Lugar futures io-
unchanged to
day closed
one
London Foreign, point higher with sales of 127
Exchange
hore were surprises when they heard that kèrsia was for the drit time going into the tanker business-New York
Montesal |---bul not surprised to hear tha;
Bruzies Mr. C. Voroime, the Con Coperingen pany's Menaging Director, had| Fränkturs
Arst Milen Patis Innkers.
Stockholm
Prvas.
that the present polley was to New York Foreign red the order for the
buy from China whenever the
unists offered goods in
Ceylon was Interested at
compellive prices.
The spokesman said that the government's trade policy
A
Exchange
Now York, JA, lo England official
$280-11/18 30-day fullures ward Chlin.. WAX
2.601 necessary
00-day Tucure because of the large balance in Austrela
2124.9/10 Ceylon's
particularly | Now Zealand feyour,
27639 since that China purchased at Routh Afries
Holand premium pricas, 60,000 tons of Forturik shem rubber,
Rain
other; worn.
Chinn also hay; -offered. in Uraguay
· supply steel caslings ♬ for the press.
Keel Laid
contracts.
Scandinavian
Customs Union
Copenhagen, Jan. 11.
Domestic No, 6 sugar futures closed unchanged to two points
A plan providing for the lower with sales of 39 contracts. setting up of Scandinavian Good business in world sugar customs union embracing 45 per around the 3.25 cen's a
a pound cent of inter-Nordis trade was helped push world
published in the three candi fures higher in active deallcgs, navian capitals today.
The dömenile market WIE
quiet and steady. Futures: The report complied by. #
¡Contract No. 1 (world)
London. Jan. 11.
2.00-2.00%
•130.07%
sif
1754)
wore
unchanged--United
Merch
July
Sept.
Spot-(vents per (D).
Exchange Rates
Jobs Cuba)
Open interest:
Contract NO
the logn1
ratos:
May
NOY
The Verolme" company ora of the "fow in Hollanti which has orders until
hijer 1800 and has had nivre" orders than, the total camber of verha in Re shipbuilding group. Uneficial
Space has been found for the morning at the
However, and string note Perrian order,
V.D. dollar, `ther, the keel of the first tanker i Australien, noter already
Being aid.
Mail. Éspecía).
CAMAR
Padanetian ruslih.
Aingapore: (traits)
American Tob
Anurenda Copper Armco Sir Armour
La.dwin-Lima-flzen
Baltimore & Olilo
Bendix Aviation Cop
Benguet Cons.
Bethlehem Steel
Eordin The) Co. Butroughs Add Machine Canadian Preille R.
Case (J. 13 Co,
1. T. Financial Corp.
Cat. Tractor Celane e Corp.
Chase Manhat. Bank Chile Copper Chrysler Motors
Colite-Palmolive Co. Commercial Credit Commonwealth Elec.
Procter & Gamble Co. Pittsburgh Plate Glam Publicker Inch stric Pure Of........ Radio Corporation Republic Steel Reynolds Metal
Shell Oil Co.
344 Balnt Reg. Paper
Binclair O
Socony Vacuum
Soulli Perto Rico Bugar Routhern National Gas 30% Southern Railway Com.) 103 Standard Brands"
80Standard Oil of cal 70% Standard Oll of Ind. 50 Standard Oil of NJ,
Sterling Drug Co. 142 Stokely-Van Camp.
47% Studebaker-Packard Corp.
Swit & Co,
li
Texas Co.
157T:de Water Ass, Oll
1024 Twenty Century Fox rúm**
Union Carbide 20% Union Poelde Raliway 51% United A'rcraft 17% U.S. Gypsum 40U.S.-Line Co.
50.8. Rubber 2014 U.S. Smelting BOU.S. Steel
Warner Bros.
62% Westinghouse Electric 08 West Va. Pulp & Paper 5% Woolworth
United Press.
A NEW COMPANY?
From the word "GO"
place your printing order where you are assured of personal attention, expert designing. the finest materials and craftsmanship.
From Articles of Association, Share Certificates "fo Letter Headings and the many other essential items, consult the Printing Department of the South China Morning Post; Ltch
Call in at any time
and examine specimens
of quality, printing which,"
commilice, of experts from Denmark, Sweden End Norway
will be the most important point on the agenda at ho forthcoming mealing of the Nordis "Ectinall" opening fn Copenhagen, on January 27.3.
the shall be proud to show you.
Morning Post Building
Wyndham Street,
20002
@. Epet-lonnta-per-jb, aft
: Open Pinterest) 1067
At the mome time negotia Ubris, are continuing on in ad- ciliccini: 20′′per, cont of the mulusi tradé to bring iha pro- „posed- customs-union-up to 85 per cent required by the terms of GATTI ----Beuter, h
Make an appointment with Mr. K. Librum,
Printing Dept.