WORLD COTTON
MARKETS
New York, July 30. Cotton prices favoured the upside today in quiet trading.
N
lower to 7 points
market
Brushed 2
The bughen ce to VISI New Orleans closed two Figher to une lower
Hugher
tperien
The early
Tew bragons, but then the market GetBeat Brck to the routine quiet
w availability
expon
movement at the pant werk
Market WOLVES
of color
Katakan
Mond
14
1200
الداية
Mos
July
flet
[**
Tel
יד
1
12
TRADE
THE CHINA MAIL, TUESDAY, JULY 31, 1956.
and COMMERCE
SECTION
EMPLOYERS & UNIONS TO
TO SUGAR COUNCIL
Egyptian Stocks
Deeline
Cairo, July 30. Leading shares dropped from 10 to 15 per cont an uncertainty arising from Huez Canal developmenta
market openca MOJT buyer
The
were
Auglo.
wraker. There ufferings flann especially Kivunce staytext a
in Exyplian
ollfields
which dropped
from four pounds five plastras on Friday lo three pounds ten plastrus during the day, The Inste recovered after is elone at
three pounds 46 plastras.
'otton moved lower Karnak Egyptian
96.65,-United
11.
Ved Open uste peal
44 Hom
17 200
12.46K
334
1. INN!
GRE
**
Eri
7.200
Also, closed
K
אזניו
1
HONGKONG BLAME FOR
STOCK EXCHANGE
(From Our Correspondent)
Business done on the Hong- kong Stock Exchange This morn-
fag ankanted to approximately $1,300,000 Noon quotations and
11 2010 2014 ng's Transactions:
Shares
Buyers Sellers
BANKS
INSURANCEN
Late
SIMPPING
Ama Nus
I
LAND
His M
KING 1 (ALTAMO |
NEW YORK
Pres of Bloss duas falta
Nippl
follows
th tolva kancle
Adakah
May
deko 1
NEW
Get Diens
Deboban
frembr
Murd
113
OILEANA
31 (44
of future for me todas
US MARKETS
INCLINED TO RISE
New York, July 30. Strength in rubber, cop-
DOCKS, ETC
K Whorl Ench
'per and tin futures today Hogaress
helped boost Jones commodity futures index to its highest level
יידי זין
Esprit
Jut
11
thecene
LIVERPOOL
the
THE
Balen
1000 | 22
920
CAR STRIKE
London, July 30.
A strike threatens to paralyse Britain's automobile industry.
At the same time the Chancellor of the Exchequer, Mr Harold Macmillan, calls in the bankers and exhorts them to keep the credit controls good and tight.
Ostensibly
unrelated.
The te motule
these
workers
EUNA+
two facts are
OFIS
at the employees, are respon-
Measure
TCH
nol
on slacke because they don't like | sibe the way
Her employers dealt their present trouties. with redundant employees, T- Firstly, the Chancellor ing them with compensation.
responsible for the fact that lo many foreigners seem to prefer German to British cars
Chancellor
I
[
100 10
42
1000 410
500 +41 73
500
200
14 3
1000
1440
thats
1101
15 no
1900 20 15,50
1430
با ما
Macmillan was
The cold hard fact is that the automobile manufacturers
have
| curverned with จ่าย ITA bot- 423 towing should be made difficult,
ba Bone market consumers and not adequately faced up to the
stem threatening infla German challenge. |
They have protiteed nothing to offset
merited upper of the V. Iks-
Thy AGROTE
have
135.541
1000) * 10 40
300
100 - 10 56 1000 13 40
1500 a 15 DO
1& kel
BK... 6554
0
20141
10 - 20 10
Dow.
Hearts
111241.30
ALTE
1437
1
2000 m2 20 201
1470
44
UTILITIES
tu
I TH
37 in 17 muonths.
The mutex WH
up 431
Pulizia selo uwes a penes per
WOUL 1rut{r--
158 13 t nd of The Bust out the best sance 159 82 on Manor) Somat. 2. 1955
ituld.
copper
tist
- putees beve moved up -harply m
hare with these
market.
11.
and content
July/Aur
24 De
Get Nos
Dee /dal
Mar/Apr
23 54
May/June
23 31
July/Aug
23 3
The Less
New Ponbæet
Oct/Nov
24 10
Cana situat
YA : Juba
Mai /At
May/June
July/Aust
Bevption Karanh
SAO PAULO
July/Aug
The
futures elsod
[X
Mas
Julv
247
2343
130-
per kilo a fullows
felay in
3145
219 43
*****
JUT 70
En Ludens. with the buying (both benn aðal abroad reflecting
1Ex Simz Dealer Telf
150
24 No
200
24 70
600 @ 2400
E
142
+
HAN 24 HO
20 500
24 BO 74 10
1000
Wielding Knife
mally
competent
<b
servers m Britain see a direct i
Connectin between L
sets of erresinystances,
なれ
Two
1471-
simply producing minor
of an ok theme.
Unions Blamed
The workers, too.
ther fuld share
the
上
muri take mistakable sign that Chancellor The restrictive practices of the of the blame. Mucmullan N wielding akle trade unions, the ostrich attitude
to the extent of cutting off the waliote's NU
COM-
CALL QUICK
MEETING
London, July 80. The International Sugar Council, managing body of the International
Hugur Agreement, began a two- day extraordinary meeting today 10 consider present supply
here
mand
and de- conditions in world
sugar trade.
The council
of
would not normally meet until next September,
but
Kugar trade sources here say the meeting had to be
calied because the tightening of sugar supplies since the council made is laat ov timate af
Don-Communit countries' requirements inst November.
coun-
The
סנן
pu.
al
ell'
estimate
Aben those requirements about 4.5 million toba ju 1966. Since then, over, demand has
beep na timated by some
quarters to be running at the rate of about five million tonn.
One of the reasons given for this is that East Euro pean' countries, which have an export quota of over 660.000 tons, have not be gun selling and have
foot brea net importers. --- China Mail Special.
WORLD RUBBER MARKETS
towards inevitable automating have not been conducive to the 1350 | 840055ary conditions for
petitve marketing overseas, Nor is their strike enlculated do anything other than to minimise further Bri- in early trading today tain's chances 10 the foreign fears
The sort of purchasing Chancellig wanis to curb
Brate
that which puls steling in the pжckets of man- Jacturers uf Things
Take
22
24 00frigerators. wostung 100 24 70 and motor cars. 2000 e 22 in
TEK
net
| markets It will of course put
bonuses into the
age packets
wake
this the Volkswagen employees
which should be some KOOKİN
console-
(ip) by free on to those idealistically eon- big earning
Britishcerned with International Uncateg they shotaki by lidarity of the workers ---Landun diverted Into foreign markets to Express Service
11-
nclines.
No 29 ja 23.00
Plea
1
12 700
3200 32'.
The theoretical result of
1790 32
Maca
12
E
25 M
4000 25 30
in that instead of such being Robbled spending.
29 50
100 2700
niku 25 Gu
23 00 25 30
belster Britan's balance of pay- incula
INDUSTRIALS
| !
4 .56 70
FRX * 30 50
28001
theory | CHICAGO
LOUD 30 50
MARKET
that any disruption of shipping through Bar cntial would forve the use of longer slapping lanes th to the peel of these
Elow date, tugur.
4.
4% five, whuk wool was
Ned.
Zomat
WOTO
Glams, with silk were mantive
of exists. the exception Llover on favourable crop cew), langer recripts a1 terminal Farketsnd slow demand
in the US the average price j of 15 16 anaddling cotton at 14
ur ugnaler stot markets was 32.74
11.
Sales te alle 70.890 jers -led s
Cottont prices moved up 1
la a 60 mi a bake inervased price Axing, with
raging
marle rat
United
1
Near East Oil
Shares
Drop
On Wall Street
New York, July 30.
li ... אל
That's just due
It presupposes 10 Vital
shlist that foreigners
buy
those
In fact goods of
CONRUNEPS
STORES ETC 620723
COPIONS
Pextles
want tex
5020
+
A70... 16 Su
42 30
€35
121,
12 40
which British
being depraved
440 2000
440
3000 0 446
$40
INVESTMENTS
AMG]
Singapore
Stock Market
Singapore, July 31 Parkers Loulay quotes! bollow trig Jack prices,
ВЕТСКОГА Hubbar
1.14 Fish
Thet
Pelrojetiti Syndicate Consolidatech 7m Smellers
Свеку
ياء
Oils with operations in the Near East broke Hubber Estates Ltd.
two to three points on the stock market today while
Malayan Breweries
New Serandah Rubber
1.td
tha
Opening
ชา ก
Marked Reluctance
are
Grain
New York, July 30. Rubber futures firmed
London Oil Shares Marked Down
London, July 30.
The stock market had a day of semi-paralysis, with oil shares being marked down drastically to discourage anything like panic selling,
AVIIN
Turnover at 0,030 barguine recorded
not largo for a Monday but It was probably about all on unwilling market
Royal Dutch fell 32 sterling | dalects and medium dateds werd to 80 sterling but it is still vastly down by amounts ranglist from neprer a recent peak of BB | 1/18th to th. sterling than it is to is 1956 low of 50 sterling Similarly British Petroleum, after losing s lo 155 shillings, stands well above its low of 9 shilling Burmna Ou also lost 11 shilings, Shell Transport is and Anglo-Egyptian "B" shillings 3 pence denlings in oils were reported very moderate
Suez L'anal shares
terling
pared to handle —United Press.
Acts New York Sugar
3
to 50'y sterling while the National Bank of Egyptian Workd
Market
New York, July 30.
No 4 sugar futures fost sterling to 15 sterling-closed today one point lower to ils low for the year and the
one point highry with sales of Ikritisti Bank of the Middle 31 contracts. Eust dropped 2 shillings to 33 shillings Domina).
American Selling
Leading industriais Were down mostly a stilling thought Rolls-Royce fell 3
Domestic No, sugar futures closed unchanged with sales of Iyur contracts.
Both the world and domestie markets held firm with the ac- ivity In the luster market con- fined mainly
swiching operations
Futures
perce arsel Borax deferred 7 shillings pener + American selling
Chept
Oct
Foreign bonds were erratic.
Mu
May
The spectacle of sterling being sept sold not only from New York 81 but from the Continent as well frightened u good many
well- lo-cita
B
Contract No. 4 (world)
3.30
Pet Cartin+ 41
Contract No. 6
| Sept
5.41
0.01
561
3113
people who go rit of No
govertiment stocks
Wie? Only sixteenths
Loan
closer
on
*
Suez Canal controversy.
stemming from the
There was some active buying shurply today reflecting.
markets at Loudes and
here [higher
Singapore,
Most
coalracts opened more than two cents a pound higher Short covertog predominated in
GRAIN markets white profil-taking
supplied contracts.
The Suez
plun{1}} wus mainly responsible for the buying. particularly in London
Canal
Chicago. July 30. futures prices were and New York. Dealers felt angular on the Board of Trade | uny disruption
shipptue
today.
Wheat
The No. 1 Ras rubber fulares
through the Canal would add made moderate gains (to shipping costs and thus ad wuring the day's trading us to the cost of rubber, In the case in point foreigners
Finland purchased 2,000,000 are showing a marked reluctaner
ushels of the US apring wheat to buy British motor cars. ut
crop for At half shipment. least compared to the readiness The European nation also asked which they are buying the out-
The standard contracts chord DAPRELIJEN
Germany's outer-nity for tomorrow.
today 10 points higher mobile plorats
Cein, soybean and rys prices !sules of 39 contracts. decreased as rovourable
Closing prices were,
*xporters
to offer
#milar
crop
and weather wwws was cupied with slow demand. Large grain receipts were reported incrensed Mac- a terminal markets Soybeans the
So you have the sutuation a which foreign markets. are not expanding suficiently to cm- pensule for The contractio
Chancellor imposed by milion's credit squeeze of Jenae market.
The logical result that you don't have to make so mieny (automobiles and therefore
you BUSXd don't need
so inany men.
At ist glance tha! Giluution inay seem unavoidable. It is so f you assume Mr Macmillan
has taken the only way out. But
closed 30 to 135 points higher wil sales et 200 contracts.
Standard contraet
WIN
Ma active and July dow!)
three.
sterling; other long-
%jJL+t*41R ॰
vit NY
ex-duty 2
Unitedt Po
1445
E&A
POBIE&
COMPANIES
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FREIGHT SERVICE
Outwards "CANTON"
"CORFU**
"CARTHAGE"
"CHUSAN”
*
with
*
"CANTON"
*
"CORFU"
*
Via
Leaves London
Satled
tóth August
13th September
20th September
Que Hongkong
20th August
London.
Aden,
The market opered around DU cents. pound for No. 1 Rss August Futures There are some pruit-taking aller which the market advanced and the dollar- level was reached in the after- Thorn
17th September 13th October
27th October
Via Southampton, Port Said, Adeo, Bombay. Coletuba, Penang & Bingaporn.
Homewards
"CARTHAGE" "CHUSAN"
Singapore,
Leaves Hongkong Due London 24th August
24th September 31st September 22nd October 19th October 10th November 27th November
Jist October
Penang, Colotabo, Bombay,
Said &
Port
FREIGHT SERVICE
9th Aug.
"SHILLONG"loads 10th Aug.
due 10th Aug.
"BALSETTE"due 23rd Aug.
"SUNDA" loads 11th Sept.
from U.K, for Stupore, P. Swet- tenham, Penang, Aden, P. Sald, Havre, London, Hamburg. Rotterdam &
Antwerp
from UK.
from UK.
for Singapore. P. Swet- tentam. Aden, P. Suki, iLovre London Dr.
Rotterdam burg, Antwerp
&
34.00
"ADEN"
29.30
20.30
28 1K)
SINGAPORE
"SUNDA"
No. 1 FU
Sept
30
Des
33 35
ZU
Promen & Neave Lid Ord. FERATE
$1.97
Neuver Pyt, man
prel
14.00
Hongkong Shanghai Bank-
ing Corp
werx the larges! price drop inspite of moderate exports sales to the Continent.
Whent closed up 11⁄2 to 1-1 71 cents, soybens of 37% to 44j cents,
July
Sept
Dec
Mar
Miy
Hoa Thu Li
B+ 1
Futures.
July
Kempas 14d
2170 0.76
Wheat, No. 2, red
Sept
Spet
2127
$2 72
Sept 217
Co.
Now
TINALA 200%
221
$1.75
Mar
2231-1.
Petaling Tiny Ltd
$3.10
There
Mary
#21
Ruffles Holed
$2.38
Sugapore Cold Storage
$1.48
opinion in
Corn, No. 2, yellow
-183
(201
South British Insurance Co
14d.
be- that in
Spot
102
Supt
$40!
$33.50
fact Me Macmillion has taken a
Nuv.
138,
143 Straits Trading
$26.25
101.
Straits Steamship
$13.75
3774
United Engineers On
$1.75
facile and short-sighted way out
of the situation.
Mar
142
May
1455
Futures
Rye
E
74
Wear Bros.
$2,97
2145
3 points.
Chape Mail Special
Pao National Gas Erie Railroad
done?
critics
Iis
adopted
What else could fre have
He could say that the Oats
hove policies destructive rather
Brot Sta
130
No
1 rubber per Aug
142
Seul
Oct
No
Sepl Nov
731
2 rubber per B Aug
70%
No * No
100-1004 (2)- unquoted 041-03 54-945
Hom
Sept. Nov Jan.
241-241 No 1 pale erepe
Spot rubber unbaled 244-240 Blanket crepe
90-100
70-80
118-120
2381
241
LONDON
Mar
May
the main list fluctuated in a narrow area.
The odds were alt un Egyptian
Canal, on
seizure of Nuures
the | Calidated Ebon
the Suez valtrental (i) of Det
Crime Co
dlocks than Amer
down in London before New York opened.
Royal Dutch lust
Gulf Oil nearly 3 and Standard
Du Alkal
Sugar
Dow ChemCus Dupont de Nemours
Eestruan Rodak
Oil of California two. Texas Family Finance Corp Cò, was ult mere then a point Ford Motor and Jersey Standard a fraction. Se Pub
On the American
Gelly Ol
Exchange, Goodrich (F) Co Bish Petroleum lost more Beyden Chemical than a pint on an opening of Hamutaku Misty Co
International Paper Gulf Oil opened | Int'l Tel & Tei the big board on 8,000 Liggett Meyers Tob co
Lockheed Alreraft
11,200 shares.
זיז
ires, Shamrock Oil dropped 3 Loewa Ineoru.
points. Most other changes in Lone Star Cement Co
the it held to fraction,
Lowestein & Bong Merals Iron Corp
an Minnesota Mining
The sleek firmed Ifler irregular opening. Automobile
firm with General
| Mission Development
National Cash Reg "A Motors National Dairy Prok. National Steel Coŋ. New York Central Olin Mathieson
Motorola ne. the ex-
issurs were ception which had a small not osa
Dow-Joncs
closing averages
were:
30 Industrials
28 rolls
15 utilitlen
05 stocks
40 bonda Coman, futuro price index
Closing Prices
Alden Inc. Acy.
Allied Chemicals
Allled Mille Inc.
Allis Chalmera
American Airline
American Cable & Radio Corp.
American Cyannimide Co.
Am. Mach. & Fan
313.4 100,03
Qus Elevators... Owen-lillos Cas
Pacific Gas & Elec.
Pan American Airways
79.90 | Paramount. _Pictures
182.24 Ponny J. C. Co.
00.54 Ponn. Galt Co. 160,32 Philip Morris
Procter & Gamble Co. Pittsburgh Plate Glass
Publicker Industries
Pure O...... Radio Corporation Republic Steel
Raynolda Metal
The
tin Spot rose points to sportively tons.
39
buyers seller
434 Tin spot
184
700
sa 3-month
778 780
407%
Cupper spot
310 311
14
3-month
308 300
60th
મ
Lend 2nd halt July Oel. Zinc 2nd half July
114
13
051
18
Del
04
2
32
United Press.
194
is growing body of
which Britain Leves that is not so,
ای
24415-1
241.
dde
"SOUDAN”
due 14th Sept.
from UK.
United Preses.
No. as sput
30-3
Settlement house term:
Aug
301-30
Sept
2015-301
Oct./Dec
2015-201
Jan/Mar
General marketa, eif saabe, poętaj
Aug.
September
Oct.
Canada England officia!
New York, July 30.
01.017%
2014-301 204-291 2014-201 Ertute crepe thin and thick unquoted.
"ITBIA"
"UMABIA"
"IKAUNA"
30-day futures 90-day futures
2.70-2/16 2.77-15/10
AMSTERDAM
"URLANA”
2.70-15/10
The market
LONDON METAL
PRICES
London, July 30.
continued strong
1⁄2 and 3-months 3 £786 and £779 re- Turnover was 225
Prices closed in sterling per long ton as follows:
Than a constructive me. Instead Soybeans. No. 2. yellow
of diverting to foreign markets goxxis wanted by British con- sumers he should have bent his efforts to ensuring enough was produced for both markets. could thus, they say. have pro- vided Incentive for Britain's New York, flour workers to work harder.
Improvement Grants
He Harley
He could at the same Ume 114 have instituted
im- generous
113 113provement grants and easy loans
NEW YORK METAL FUTURES
New York, July 30, Pricts of metals closed today
In cents per lb. as follows:
14.10b
14.155
09.750
99,75b
12.03
12.93b
31.50b
37.75b
United Pres.
LONDON SILVER
PRICES
London, July 30,
to Arms who would guarantee to re-equip their creaking and often obsolescent factories.
Spot
200 16 Mack
130-140
$13.44
New York Foreign
Exchange
This latter point would have Seuil Africa meant no departure from
the Pakistan
| accepted principle. For in the
the same scheme with houses—o fact which Mr Macmillan of all people as
Housing a former Minister should appreciate.
An argument might have been advanced that such
2.781% .2001 -United Press,
London Foreign
Exchange
New York a course Montrent would have been contrary to Amsterdam Conservative principles of mini-Bruels
Oslo
mum interference with private part industry. But surely giving the Stockholm manufacturer capital is no more | Zurich of an interference than depriv- ing him of it by denying him necessary loans.
It must noi, however, bo ɛt- sumed that the malulèg...... In Britain's automobile industry |
London, July 30,
2.7815-278-7/10 2/1316-273-7/18 10.634-10.8334 13.07-139.00 10.903-10.00 DOO-9601 14.30-14.391 12.17-13.193 -United, PrusA,
Exchange Rates
Business was done in the look) unofficial exchange. Market -- this morals at The following raise
The price of allver was quoted can be, blamed solely on, the dolar, (per 10 today at 78% pence for spet Chancellor of the Excluquer and 78% perice for forward."
(Against 70% and 78% pence The two major parties to tho: previously.)---United 'Pross. curront dispute, the employers
Baring poler, Iper: #1 Austrailón stoten Ther 211-PTA Indonesian rupiah (per 100) Bom Heal (per 100) singapore - (ātrsim)
1800
121
9045-dis
The market was frm with [spot quoted at 30 13/10 pence
Prices: per th
was uncertain. Prices closed today in guild:re | per kilogram, ci Aug. at fcllows:
No. 1 rubber No. 1 rubber No. 3 rubber
No. 1 crepe
3.35.
United Press.
What is the
monstrous secret of the Things from Another World
INVASION 259 THE
BODY
SNATCHERS"
BRITISH INDIA S.N. CO., LTD. • 1850 A HUNDRED YEARS OF SERVICE - 1950
from Japan "BANGOLA" due 10th Aug.
salis 11th Aug. lar Singapore, Penang.
Rangoon & Calcutta
"ORMARA" due 12th Aug. sails 14th Aug.
from Japan de Shanghai for Singapore, Penang, Rangoon, Calcutta Chittagong
P. & O./B. I. JOINT SERVICE
due
8th Aug. 1th Aug,
don 6th Aug. walls Jih Aug.
due 11th AuZ.
from Karachi & Bombay for Jepan
from Karachi for Japan
from Japan
alls 17th Aug.. for Singapore, Bombay,
due 17th Aug, sajis jāth AUK
Karachs.
Khorramshahr & Kuwait
from Karachi de Bombay
for Japan
EASTERN & AUSTRALIAN S.S. CO., LTD.
"EASTERN" Aue 1st Aug
"NANKIN” doe 6th Aug.
from Australta
from Japort
for Banka, Belabase, Sydney, Augkland, Adelaida & Melbourne
All vostels have liberty to call 'na'any ports on er of the poule à the rente 'à sailing are subject to change or amendmens with or without notice.
>
For full partiunturs apply tas MACKINNON MACKEN/H & CO.
OF HONG KONG LID. Telepburaz Kur: 27721-4.
07
43
B0%
ย
401%
4311
$ 109%
30
113
80
5436
Shell On Co.
30
201
Saint Reg. Paper
Lead
Aug.
Sinclair On
Sept.
072
Socony Mobiloli
Tin
Aug.
South Puerto Rico Bugar
Sept.
2012 Zinc
Southern National Gay
4715
Aug,
30%
10415
Southern Hallway (Com) Standard Brands
Sept.
DON
Copper Aug.
784
104 Standard Oil of NJ.
Standard Oll of Cal.
Sept.
60
2012
American Metal
American Tel. & Tel.
Ainerican Tob. ""
Anaconde Copper Armen Steel ..... Baldwin-Liha-llam,
Bendix Aviation Corp.
Benguet Cons
05 Sterling Drug Co.
14ickery-Van Camp
Studebaker-Packard Corp. Texas Co
Twenty Century Fox Fitm.
Bethlehem Steel
10512
Barden (The) Co.
Tido Water Amin. 011
Burroughs Add Machine
42
Canailing Paciflo I.
Union Carbide
Caso (J...) Co.
U.S. Rubber
Cat. Tractor
Colahero Corp.
CIT. Thanel | Corp.
PPere Mahat. Bank
1. Cheyiðir Motors ... Commercial Credit Commonwealili, Kies,
34 United Aircraft
B. Breiting
Warner Bros.
| 2015 | Westinghouse Electric
61%
West Va. Pulp & Paper Woolworth
30
Jalted Press.
ESKence
worked
is
2.80 noin.
2.02
2.75
}