THE CHINA MAIL, WEDNESDAY, JULY 18, 1950.
TRADE and
COMMERCE
NEW ZEALAND TIMBER INDUSTRY
IS BOOMING Production Exceeds All-Time Record
Auckland, July 17.
New Zealand's timber production in the current year will be even greater than last year's all-time record of 626,000,000 increase of board feet, which was an
10,000,000 feet on the previous year.
WORLD RUBBER MARKETS
New York, July 17 The No, Has Tubber THEREON! contract today closed and tak
W11 her 35 po' lower 139 coltel
123
The standare comitant closul unchanged le 35 points
with no sujes
Ni
July
Sep1
1962
July
Sepl
Der
ܐu
Miy
July
Closing Prices
Standard Contract
Jowet
This
vut. how deep not give the full på ture of forest New Zeniautel's boorlingt
Many Bus indundry.
trees are also being
Kult Upluersmed into newspa
| paper, papes
1
l rardboard. ober harkboutų and a host of
stress prinets.
i
Large quantities
kluft
of
זי זין ווגן
AUSTRALIAN WOOL CLIP
MAY DROP
Nydney, July 17. Continued rain may Сале 11 deprecation In the quality of
ntw the
wool clip, accord- ing to leading wool experts, State-wide Hoods bave extended over almost the entire faland river areas of New South Wales and Vic- turka, which provide almost 60 per croi of the total wool clip.
from malnutri- tion and drowning may be hel Bood waters
CAUNC
A high generally rate of intestinal and foot Infection among sheep. Big of wormy sheep numbers would mean lighter of depreciated quality.
Lack
Wall Street Stocks Continue
To Press
Forward
New York, July 17.
SECTION
WORLD
COTTON
MARKETS
Now York, July 17. Cotton futures today see- sawed narrowly in slow dealings but managed to show small gains most of the time.
Opening insos of 35 cents a bale were converted into small net gains when
overnight
“ነ
COAL AND STEEL POOL BRITAIN NOT TO TIGHTEN LINKS
Luxembourg, July 17.
The suggestion that a joint committee of British and West European parliamentarians should be crented to tighten the links between Britain and Europe's six-nation Coal and Steel Pool was rejected at a meeting of the Council of
Stocks stepped up their assault today on the accumulation of hedging against Association here. bull market highs set a few months ago.
Goins ranging lo more than four points dotted the list and To within istlustrials pushed striking distance of the record. high in die Low Jones average, vel on April 6
Uulites We LA
211 2127 se ther March 26, 1931. paced usin by Punhandle Eastern Fipe Lane, up $175 to $803 a abernet, share, Railroads moved Jowered
goirs of more thun 2 in tuisville & Nachteile,
Pacile Union
SVIEN down 3. frielect
14 21
wool
quality
umber.
wire result
Ty Ughter
which
and
supply
position
In the
this group
briter class
wood pulp are being exported. incipally to Australia Britán pul and market.
Testing shipments of
Dat what hel have 13
1 marle
South Alværn Many, much Honolulta
Major Place
In the us fo
2
forest industry has en lo a tunger place among the countrysi export
Industries Parkitek
Loverseas are tow cuting at an
1
112,000.000
when curtent drvenopstunts have
$425 12190
Ster Ja
10,0003) and
1 gous high an
the full 1
1400
34 20
The exp putential.
221 29
20 30
201
Character of the testling 2'4'- maled much thir Parte 02 20
Contimisssqola recent series.
selling house
sentend hedging, plus the lower landeti Maricet
be 1114'7 shupd trend.
with
merino wooln
thin seaman, It was felt.
United Pres
HONGKONG
STOCK EXCHANGE
(From Our Correspondent}
havont
Th
f
ESTON
KONNE
w latter figure is great
BSALUDO ‚i་་་་” country ha
Futy 1 matade oxalic
explesatuan uta current Atth of the animal growth,
Timber output this
the
..
12 Hong-
ป่า Exchange
اودا
Olla. Aluminium
1
Quiding issues sparked the rise
the Industriat
Aluminum and Alcoa, the big
in Canaria and gest producers
the US respectively, ran up more than 3 each. Kaster Ahum
tacked on SI 25
Gulf Featured
Chulf again featured
the
It ran up $4 25 16 $138 75 Steel shares generally rasti with the exception of National, Automotive shares. up at $73
did little
T
Dow Jones industoal shares average finished the day 514.43. up 1.48 The split nad 168.8 t 4NR rose 051 4. Blick gatnounied to approxi> { the utiles added 0 13 10 7004. Noon quota- 11p composite average of 65
at 18106 was up 0.49 thor and the mortang's trans-en-
nasly $450,00
Buyers mečkets
Pulp
Str.
ww hinda 122t
July tube malt wi
HANKS
1 k
་་1«
INSURANCES
31215
111
Jord
The Booded by noong muition, of feet 1om the huge new bali 216,000 190 Taman *a1Ł--,AEi,AIAL 136.4 Relling The company bave 172,000,000 biste for!
Fot its newsprint, pulp
Camden zachte Tasman SHIPPING timber
will
ach yes 23.00 a. Wh
The starket ruled factories uninterested Sprd Na Itse was quoted nominally 34 cents и риный. Shipment [air offerings were uvidiable to
quantity from the Far East but cubic feet of log frun
Ideas
at prices. beyond local buyer | Government-owned 1,800-square male Kasagate, Porest of North Exchange members will meet | American ptnes
23 to consider a propuxta el July new rubber futures, cozili, at akuptor, it will
11
21
the prvanl with concurrently
The pre- "standard" contract.
Will act No Rs will expl the December delivery,
the pe Salient feplures of posed new contract (1) it will introduce Nurember and January
and
The deliveries
elmate
Thus giving December position. six deliveries anstad of five, (2) Delivery
of Rss one sheets, with allowance for z grade uff Ity at the allowance one and two sheets. (3) Differ-
W
be
ed by a
ith day of each the 15th preceding the delivery
will (4) Small bales deliverable against the contract. terminal The
proposed market contract would be simi- Jar to the contract existing in the physical market.
HOW
Exotic Forest
2
47
JI BO
EMX)
407
O the 1.145 Jesters 19
309 sadyangeal, Loweltned and 234 WITH 00-
Pune O
Redio Corporation Rapulate Steel Reynolds Metal
Shell Of Co
Fales Repre
Toxus or Mexican growths was abeurbed by the trade,
Mr Peter Thorocyeroft, Presi- | |dent of Britain's Board of Trude, į
At the close the 1st ruled ap who headed the British Delega- CHICAGO GRAIN
to 3 points. The markettion to the meeting, Bald
opened off 4 to 7 points. New Örleans closed up 1 to 3 points,
neutral
An absence of new incentives directly applying to cotton con- tinued to discourage now markel Interest Operator steering hoped for change in the GoverTUNETH port polley, a wish encouraged 4 by the weekend decision by the Department of Agriculture
471M
1
1016
PELL
Bath
Sinclair N
074
Sccuny Mobiletl
3991
South Puerto Iften Bugur
2014
intern National Gas
3013
Southern Railway (Cammi Standard Brands
401
Standard Ou of Cal
43
Standard On of Ind
- ne
Standard Oil of NJ
Sterling Drug Co.
Stokely VanCamp
20
Studebaker-Parkaid Korp. Nwilt & Co Texts Co.
485
08
Tide Water Asso. Oli
4244
Twenty Century Fox Film Ten Carbide
24
13211
Union. Prettie Railway
170
ted Aircraft
Bypa
US Line Co
US Rubber
US Smelting
US Steel
Warner Br
Wemdinghies
Kiepirte
West Va Pulp & Paper Woolworths
0054
curse
D
n
n
*x-
answor
do a press
conference afterwards question
"Quite frankly JPL this stage we could sce no very useful purpose to be served by aditing to already existing institutions"
The Common Assembly of the ECSC recently urged the creas pastia- tion of a consultativ
nine mentary committe members of the British House
of
MARKET
Chicago, July 17.
Only corn rengined steady to Br in a grain futures market thai was mostly lower on the Board of Trude today.
Industrial demand was sold to be the support in corry futures.
taking attracted by harning funding of whent ex-jof Commons and nine members Protk
its advances ports back to private channels,
had The Pool's Parliamentary yesterday's Assembly to strengthen vontacts effect on wheat, however, and Crop news continuet mestly
the small graitis und soybeans between Brilah tnd the Poul favourable. The Government's
sufferest aizullar losser, between 7434 | weekly summary suid prospects The Drezant Hark
continux fair to mostly good, Bellain and the Pool, the Coun- except in Texus where the crop eit of Association, wins erentext gave me crkl ju futures buy- 58 plagued by drought in some
autumn ter ensure Joint | Ing. staying off more serious sections
netion in the Art of technical decreases Millers said mono and seientiile research und
flour business could be expect- information on priced. Sales this week are estimat- exchange trends, Investment pollcies supplies of raw material and
30
53
ពវ
20%
54
United Prese
Fractional
Gains On
Ju eastern Leit sections. 47, weevil infestation is still heavy but hot dry weather in Arkansas Louisiana and Mississippi per-
control mitted effective Sures The TOP Is fruiting heavily
in central and eastern portions
London Market
nica-
Inst
fucl.
Already Agreed
A1 Its
in
Dmund in
the ensh masket
ed at 12,000,000 sacks, bringing the month's Lutal to about 25.000.000 cwl
the
1 wo
meeting here, In Oklahorum, the crop made Comell of Association instructed
to Committee
study fair to good growth and is fruit its
the where ing heavily
moisture development of coal wading be- conditions are favourable,
the ECSC tween Britain and during the second half of 1956 if with a view of possible, evangeet
In the for smuthwest, progress continued good.
Insert infest
tion, however, was increasing le a few sections.
Thu
certinented mained at 6,573 bales.
Month
London, July 17. Moderate buying brought fractional gains to most sections of the London Det
changes. New highs were regis- Stock Exchange today. tered by isites and only 17 made new Jows
Excharge New York Stock bond volume was $8,550,000.
Stock Exchange American volume was 1,120,000 shares.
داده که
SIKKI
Guine of a few pered
isi blue-chip numerous dustrials, Stavis and electrical Total issues were chief berellciaries.
starch Borax Deferred was a out. up about five shilling on the day.
Dutch finished with art abs
atel £%.
או לה
*ki
Life
Britain has already agreed to deliver one million tons of roal
in the second half of this year
the 260,000 of Instead originally envisaged.
The High Authority of Poni would like Britain to in- ercase the qtrintity still further in view of the serious European coul shortage caused by the call- up of French miners.
Export business was confined to soybeans, Israel purchased
for cargoes
December- and 10,000 January shipment, tons of soybeans oil were offer- ed to Spain.
Wheat closed oli
to 14 cents; soybeans
off 1% to up
cents increasing, quantities
stock
CLOSING PRICES
Prices per bushel in contr; Wheat, No. 2, red
Spot
214-215
Volume
Interest
tons
July 214 213%(L) 213-95
Sept
210-216
700
Nov
120-220
10,000
274,000
Mur
2203-221
7.000
516,000
The
May
214-214
0.300
2511,50
May
4,700
1.700
Com, No. 2, yellow
WITE
July
1.200
127,100
Spot
180m
Oct. Dre
300
31,000
July
1527
4,400
Scul
150
20,500
1,423,500 boles
Nov
139-
Mar
143
NEW YORK
May
1434
211
“!
K
W
10
Pricts of future closed today as follows:
At a press conference,
however, the meeting,
aller
Ryc
Mr
July
137
4
ke 1
J
2000
1490
Duw-Jones eloninat
avet jutes were
30 shufuli
LAND, ETC.
FO
51443
108.
DIFY
2 Hotel
1414 214
14 70
14) BOU 14 14 BO
ID
illues
10 04
Olla opened firm, then eased British profit taking Petroleum retroptert
Spot
30,90
Oct.
32.50
bul Royal
Dec.
1
BEN 144,
Mar
32.70
CO docka
,H* ,༤།Ł
14.
40 hande
Mny
32.43
13 155
Tulare price Bades spet price index
157 4
of
about Transport cheerl BIROT
Shel
July
11.04
Oc
24 ก
Aubrey Jones, Minister of Fuc! and Power, said Britain wanted to help the Community but was reluctant to increase exports if this meant raising her imports of coal from the US. China Mall Special.
Sept.
1371-130
Onta
July
74-734
her
coal
Sept.
73-7334
Soybeans, No. 2, yellow
Spot
200л
July
20314-204
Sept
20112
Nov
24-4-249%
Moodys Index
412 60
four shilings for
twil:glt
De
31 00
Jan.
2482
Mar
2414-16
Closing Prices
at 207 k
Harley,
Spat
130-140
Brita
4t
Alden Ine Aev,
$ 20'
200 lb. sack
$14.00
3.HI
24 70
Allied Chemicals
117
galna tumbare
declints at
1.00
Alford Mills Ine
34% the close
Spot
Oct
Eu
44
Allis Chalmers
30x
714 110
30110
American Airling
113
American Catie & Rudto Corp
Chine #lures firmed
while
Dec.
Mar
American Qyznamide
Ca
7324
coper shares tended inwer
May
All
Am Mach. Pory
20
July
American Metal
12'.
bond Japanese
mad
Oct
700 32.25
America Smelling
54
Telephobe
25 AL
Ain Sugar Ret,
American Tel & Tes
1825
few small gados in an injeti ze foreign section-United Press.
Dec
American Tub, "B"
70%
Mr INDUSTRIALS the Cement
Anacorón Copper
7010
36
37
01.
10
STORES, ETC.
JO Duit y Wat-un
12 40 12 70
20 Lane Craw
Bukhwin-Lima-Iluna
New York Sugar
b. were as follows!
170
13.
งง พ
Bendix Aviation Corp
53%
Benguet Cons
Betlehem Steel
109
eug Airplane
1214
Horden (The
Co
£1
Burroughs Add Machine
Cendian Pacific R
124
Case Cu
TER
Vonda
LINAW
Brost
14
16.
UTILITIES.
nk
bar Pok
24290
25 aka 24 ma Lax 1 22 10 22 40 32 324 PALAIM
20
4 79
7 pa
25 Sha
Arne Steel
Armour
Buitinere & Ols
Other jong pankra paulets: Catho Skraft paper
Italp will-
ha Matejkasuta stacredited 1msbuetion per Fiat 12- * Bu pro 2, A DR Tissue
thelity's paper Tasuram-pulp. is now 1:1 dine kaon.
These exole forest atalisad 17 companies are rapidly New Zealand independent of oversetts products in their Belds and already are saving millions in dolio and sterling exchange.
The Master of Forests. entials to be used in arrivi Sidney Smith, announcing
will be establish- the allowCommittee mee
meeting of
woord timber cut of 821,900,000 31. feet in the year to March mont monih. uld that the exotic timber out- put increased by 18,000,000 feet white mdigenous production COTTONS
Textile %> 6.000.000 feet. | dropped by
X.ALL. The Minister said that the full
Nanyuk Wils in Indigenous production
wes hoped to INVESTMENTS not as large as
Yangtze conserve these valuable timbers
Allied But the trend was now clearly demned. Indigenous output was of feet, drop 317,000,000
cut in 23,000,000 feet on the 1952-53.
Mr Smith revealed that there was a expected Increase in limber imports from 38.000.000 foot. board! Test to 50,000,000
in- This he said, reflected the
demand for timber for commercial building and heavy Exports rose by construction. 9,000,000 to 42,000,000 feet. No. 1 rubber por ib. Aug 9214-933 The Increase in exports was
Sept. 01-0
Mr Smith,
but Mining shares were quiet. General Motors Oct. unquated expected, said Mr
was not in great as No. 2 rubber per in. Aug. 68-á
desired, Commonwealth Loans were in Gen. Pub, U. 0014-8712
to regard
the sull- No. 3
having 34-83
capacity 021-9211 expanding productive
of the exotic timber industry. 73-70
The 112-114
in- of still further means crensing timber exportz wore under constant examination by both the Government and the timber industry.
SINGAPORE
After some trade support in the morning the marke: sugged of the and ruled quiet most
Towards the close afternoon.
and covering there was some small enquiry caused prices to and closing slightly improve
highest for the uncertain afternoon sesson,
Futures:
No. 4
Spot rubber unbaled
Blanket crepe...
No. 1 pale crepe
LONDON
The market was easier with spot quoted at 20.11/16 pence per lb. Prices:
No. 1 a spot Settlement house ferin:
Oct./Dec.
AUK
Sept.
Jan./Mar.
Apr./June (
20%-20%
261-263
General markets. clf tate, ports:
Agreed
A full-time timber trade com- missioner in Australia had been appointed and the Industry was 281-20 appointing #
publicity officer 2014-20
there, the Minister concluded. 23-2516
Government The Australian- 2635-2446
has already agreed to facilitate 2016-201 20%-20% Kreater imports from New Zea 20-20% land. And it is certain that an increased now of timber anc timber products will maico up a
of big portion this expanded unquoted trade.
New Zealand. bowever, prepared to ship her forest pro- ducto anywhere they tho ncoded.
July
Aug.
Sopt.
Estate prope
thm
July
Aug.
34 5314
thick
AMSTERDAM·
5.25
Melbourne Investments Hold Steady
C
Cat Tractor
Celanese Corp
T. Financial Carp Chake Montur. Ba Chuyster Motors Colgate-Palmolive Co Commercial Credit
NEW ORLEANS
Prices of fulures closed today
GovernmeÐU {rhuz༤t{
narrowly in quiet trading, but as follows:
Market
New York, July 17.
28322339
31.03
51.00
LIVERPOOL
Futures closings, in pence per
World No. 4 sugar futures
American contract:
July/August
October/November December/January March/April
May/June
clostá unchanged to 3 points New world contract: 93% higher with sales
tracts.
London Foreign New York hour
Exchange
New York
Muntreat
London, July 17
2.79-2.78-13/10
2.749%-2.7434 1004-10.04% 11.679-11,075 00.20-00,40 14.4194-34.412 12.107-12-10 unchanged--United
WINNIPEG
-United Prem.'
PRICES
Winnipeg, July 17.
Prices of grain futures closedi
today in ecnis follows:-
Oats
per bushel
Amalerdam
Frankfurt Lisbon
05
Blockholm
Zurich
Prese
July
Others were
Oct
Des
Magy
77714-46
Ryo
27.75
July
224.45
23.25
New York Foreign
Oct.
Dec.
23.18
May Itarity
July/August
22.00
October/November
24.70
Exchange
h ร
Oct.
1043
Dec
1012
of 124
con-
December/January
23.45
Moy
1013
43
March/April ... May/June
23.13
New York, July 17.
Flaxseed
574%
51
Commonwealth Elec
43
Consolidated Edison
4035
The dometsie No. 6 sugar futures closed 1 to 2 points 583 of with sales higher contracts.
Egyptian Karook July/August 5406
England official
."
30-day 90-day
futures
$2.79-10/10 3.79-8/10
July
futures 2.78-0/32
Dec
Auntrasta
2.2331
May
2073
New Zenland.. Bouth Africa
Wheat, No. 3, 1011⁄2 ceritG;
No. 5, 141 cents,--United Press.
Continental Oft of Del
12012
Crano Co.
30%
Crown Zellerbach
the
Cuba Aner. Sugar
10
起
situation in both markets.
7936
October December March May
Dupont de Nemours
210
World rews at
3.40 cents
0
July
Eastman Kodak
100
El Paso National Ga
B01
pound set a new
high for the
Erie Italinond
21} year.
rows Domestic
also
24
reached a now high 5.82 cents a price 801
2 pound, fob. 40%
Diamond Alkali
Dow Chemicals
Family Finance Corp. Melbourne, July 17.
Ford Motor Investment shares were steady Genomi Electric with price variation arrow. General Foods
on an average turnover. Ampol Exploration Ampol
Australian Paper Man. Aunt, Consol Ind. Bradford
Bank of NSW
Jun Pro. Con. Zine Courtauld Dunlop Elec. Zine Fell & Textiles G. J. Cole Herald Times FIILI 80 IC.I. (Aus) Loans 36 1956-60 Loans 3 1950-59 Mount Lyeli Mount Morgan. N. Broken 11
Oil Search
река
Startard Motorw Swan Breweries Weston Mining
Woolworth
in
Glidden Co. Goodrich (BF) Co. 20/40 Goodyear Tire 11/4124 Heyden Chemical 21/2d Tomstate Mining Co.
85/ seller Ingersoll-Rand
231 seller Mid Business Machines
30/29 | Int Harvester
40/10140 International Nickel
69/- buyer International Paper
17 Int'l Tel. & Tel
En Joam-Manville Co. 49/114
24/0
Kannas C. Power & Light Kennecott Copper
Liggett Meyors Tob. Co. 19/19% Lockheed Aircraft,
201-3/16 Loulaville & Nashvil`n.
SAO PAULO
Futures closings, in cruzeiros
Activity and girength in the per kilo were as follows: raw market dominated
bales.
38.40
30 AG
2.703%
2.80-5/10
United Press,
The steady rise In raws TC- attributed to tho 301cently was
seasonal Increase in demand for sugar during the hot weather, that the pressure plus the fact
of the crop harvests kas passed. Futures:
In the US the average spot W09 34,77 cents. Sales totalled 116,420
-United Press.
LONDON METAL
PRICES
London, July 17.
Prices of metals closed today
in alerting per long ton as fol-
3.43 lows:
some people trust to
LUCK
10 329'
Da
3034
Contract No. 4 (world)
39 Sept Oct. Bfar.
buyers sellers
1301 July
07
Tia spot
240
701
J-month
746 747*.
4515
Spot-cents bee lb. zob Cuba)
Copper spot
280
200
3-mouth
285
207
Contract No. 6
Lead 2nd half
11344 11334
113
2122
8.01 Zine 2nd half
93 01
United Press,"
14.8]
w
07
221 Nov.
102 sept.
.17/20
G/10
Low Incorp, ...
buyer 203-01-04
Lone Star Cement
20/94
Lowenstein & Sons.
Ra/ovd
Mesabi Iron Corp.
weiler
Minnesota Mining
20/135
Mission Development
37
Monsanto Chemical Co.
1/10d Montgomery Ward
tha Motoroin Inc.
12/4 100
-China Mail Special.
Exchange Rates
The market was easy. Prices with an estimated annual Business was done. in the boni closed today in guilders er yield of 1,500,000,000 board food home! kilogram, cif Aug, as follows:
exchange/ market morning at the folkrwing rates;~~ amually on a perpetual crop US dollar, (per $1
have sterling noter-tuer £1 2.69 nom. Bats, the exotle foreste
plenty of scope for further Australian noios (DET €1), exploitation of
their
National Cash Reg.
National Dairy Prod. National Lend
National Steel Corp. New York Central Olin Mathieson
Oils Elevatora Owen-linoln Glass Paclite. Ger de Elec, Pan American Awhys Forsmount Plotures
Parke Davis Do.
this:
195 Penny Co
No. 1 rubber
10.00 | Penn-HAU MO.
No
rubler
201
NO.
rubbar
No.
erepe
Unlied Press.
| wealth.-Chin Mall Special,,
got sa licei (per 100)
Indonesian rupia
Boj!!
1241 Plp' Morrie
10.30 Procter & Gamble Co. th
Singapore (Strait))»;
21:30 - 141burgh Phato Glam
181 PubBeker Inruntries
334 Mar.
734 July
Spo onts per ib. cif '&'Y
ex-duty)
United Pro
·CHICAGO_LARD
CANNES
Chicago, July 17,
4.52
Prices of lard futures in conta per lb. closed today as follows: July
Bertember October November
NEW YORK METAL
FUTURES
New York, July 17, Pricts of metal futures closed today in cents por lb. as fol- lows:
but there's a SURE way
to make your dollars grow. World-Wide Trust yield exceeds 8%... TAX-FREE!
Write for information.
The Moroccan Bank
Walso known as
The American and Foreign Bank
23 BOULEVARD PÅSTEUR, TANOJER, MOROCCO
TANGIE'S AMERICAN BANK (
FUTURES
Land
July Aust
$14.00%
1.800
*
July
11.0
04,650
11.47
Zing...
Copper July
AVE.
United Prom