WORLD
RUBBER MARKETS
New York, Aug. 1.
The No 1 Ros rubber
closed
30 to 35 points
salon of 221
futures contract
today
higher with
contracts.
z[vc
The standard contret unchanged to 40 points higher with sales of tive cotitasse 15.
brazzars
in the
TRADE
THE CHINA MAIL, THURSDAY, AUGUST 2, 1956.
and
COMMERCE
SECTION
Oil Search In Denmark Sugar Council
RUSSIA INCREASES
OUTPUT
Moscow, Aug. 1.
per cent
rise in
of 53 contraela. for ես է day This new contruct will be traded ¦ trade for the
the
standard
In concurrently with the pre- present No 1 s pontract will
AMERICAN COMPANY
The
NEGOTIATING
A CONCESSION
Copenhagen, Aug. 1.
WORLD COTTON
MARKETS
today and
prices drifted aimlessly in quiet dealings.
Prices steadied at the plet a price fixing followed up yes.
New York, Aug. 1. world's largest oil company, The cotton market lack- All round increasea in Standard Oil of New Jersey, is negotiating ed incentives the productive capacity of with the Danish Ministry of Public Works Trading bil new "HEX" contract with sale. Soviet industry and a six
foreign to carry out oil prospecting in Denmark. first half of The company wants to take over oil boring arc year,
reported
concession rights now held by another firm |terday's advance and again en- news today by the Soviet
which since soon after the end of World was tight
countered only limited offer.ugs. agency Tass.
The Hat met
1111. kroner || Cd of War
has spent 70,000,000
prott teking and hedging to- ; £3,500,000 sterling) in
fruitless ward
anel prices backed down a few polois Turvafler! the Hat failed to mungo much either way but (nished with stendier tone.
capire with delivery
I
א J
Chaug pa
」I
contract.
Tre December
No. 1 ELMAN
Standard contract
Azurbing!
the
Soviet Solat Tual Bound repeat
bridg
The 1956 State plan the agety subd The
infantsual slut ind
whole se by 12 per with the
protod laat year
The pristuction of bren ahd
search.
wallat at
JAN, DIE OORY
tering) d jtur primat
derdel To fre
Jurther
CEL750.000 CHICAGO GRAIN 19
Fl མ།
Buratin
Th
1efore
Ke PaaS, 164
PXT POS
1930
1234932-
4
-་་རྟ་ ...]
that T
question o
IMIN
wh
and ran
ik Caletica, ready made clothes, TOGA 1967, DAFAKARONI AVEVA,
nyelem, radio any and enmeti. 2istad espeLINES! slumpy the re
་ ་"་།
45 13
Mar
Q
Juts
22
Rex
35 30
NOA
Jo
M..
1,3.201 $14
M
Najk
!!
דייך
scondend of 365, cent
SINGAPORE
114.
"
1
D
OVERFULFILLED
for the octons of eto lavara Plans anet Consumer HCM1N HE
DOTACIST,
waletes, *t, and elbere, the Il pint had been over-
The market opened fan o
There advlees
pront-laking caused temporary
presied
P
J
Wilk
Inter
vropan
off-take but
reselion untől
on whvatsafies
seller
Jac
Tartered toward
Za 1 cuistare per 19
Aux
Sept
10121-1972
DEL
kamquotes
Na 2 diet per th
Atek
E-207
No 3
1259,-
No 4
Make
Blanket sepe
No
palupe
121-123
LONDON
Spot Lubab-2
! נון
1902-1024
-312
The markel
WIL VAN firms with spol quotext Al
th PRO D
No
Ha
AskUpper ehf IGING
Ang Neut
T
General Rookejs
t
Aux
begit
Fstole ette
FE 16 H
'The
AMSTERDAM
market
was
Sem. Price closed gandders
Augied as hollow st
No. binn
No rubber
Nu. 3 rubber
No 1 meg
GRYNICY
that
the expler.deal
MARKET
Chicago, Aug. 1. Prices in grain futures
were easy to
Itandard CRE THAN ent Bom rafas desalaris expres la to Den- MAN t Chat a thorough, close of trading accostagalan ang lahan geologists Board of Trade today. focan Vaigns and Monta
Unlikely
1 be!
Continurd tavourable wertber
4
*
31
At the close, the list ruleri sıx
pants high r The right
twe opened
Ave
make
العاده
ਮਾਂ-
private estimates 10 before August Bar expected to vary widely
ichus of the different Teluted w the soil bank and the reported drought in parts of the
Cause
Volume and open kitercal in the New York Cotton Exchange today were as Dublowa: Mouth
Jargest factors westem beit. espis were the behind the price drop the bestzunakat f # 1930 bolly Burgh f Borg
Medgang eatin! wheat 1 experts Joke
the decline, while a weak Winnipeg
influencert for od in, nye market
interested
ministries had fats tools in the search within the programaine Dark Ur outpat of goods papel de In 1930-31 robert metal
inbikes,
昨
According to
Cirmare Ebert.
144 1
Ive less
„gricultural (Gummed that there were two large magneta geologanəl Tom's Jutland between the Germ445 trontier at the village of Dante, f Inra Koldung
oral compuling machineN
Chr Bod quoted by Taw, cultivated lan in the Sovtel Uitton amounted
י'י
be about 385 million aeTON, Ja of 12,500,000 peer This post three yeters
During the 2012000 petet winter wheat increased by 37 zation Ceres ant that wer
by D
million deres
after
30
ZA! Bruter
LONDON METAL
.11.
PRICES
ㄢ
London, Ang
1
Volume Open Literet
Announcement
The
London, Aug, 1. Sugar Counali that it has restored the export quota for sugar for the current calendar year back to its normal figure of 440,000,000
metrio toat; sinoo Just
December it has been at 90 per cent 01 normal д 380.000.000 metric tons. United Pr
HONGKONG
STOCK EXCHANGE
(From Our Correspondent)
Business done on the Tong-
CRIMP PUT IN WALL STREET MARKET HIGHS
New York, Aug. 1.
Profit-taking in steels and a dip in Middle East oils put a crimp in the market's assault on the bull market highs today.
Galos las other sections of the ist more than offect declines in steels and oils and the market us a whole finished on thơ up- Iside M
The maker was buli unul the steels run into realising. The then spread into other groups and pured song of the earlier gains
Being
WIS
1
International Nickel bellwether a day, rhsing whit
ut of 413
US Steel, Republic and
kung Stock Exchunge this National lost mall fractions in
morning
amounted to approxi- ¦ the mately $438,000. Noon quot-selling Uons and the morning's trätsne- Į almost 1
Louis
יא!
Bethlehem,
group Ex-dividend,
lost
turd Motor
sicral Kietric Gretar al Fannin General Mature Gra Put til Glidden Co Goud teh
P
Gouth ear The Heyden Convenl Hoistake Mining tw
Santesmodi-Rand Jalanḥ Steel_29_ Interchentoni Corp.
11 Buses itaclunes. Int Harvester
flautasel Nickel internallonal Paper
It Tel & Tel
John Menvlije Co
Katses & Power & Light Keuresti Copper
gett Meyers Th Co Lochtend Aller
new. Incorp
Lone Star – emelt Louville A Mendythe Lowenstein & Sons Miesta Troy Compe Midweszła Mumiog Mon Development expensive | Moosant. Chemical Co under Montgomery Ward
Molareta
The Sucz
crises kept the bal Companies with foreign operationes pressure Guit fell almost 2 and Royal Dutch 1. Standard OH IN3) vased, but Texas Co. 21:41 Sucony tacked on snail 11 Ohio Oll Jumper one
Mining Shares
Featured
Big
Ing
A"
| National Cash Heg
National Dury Prod Matkamui Veni National Steel Comp New York Central Olin Mathieson Os Elevat Owen-Illinois Glams Pacific Gas & Erc Pan American Airway Paramount Pctures Parke Davin Co
Co Penny 3 C a gain of $1.00.
Penn Salt Co international Harvester fell 2
Philip Morris
blowing the! 14WH that the 1500 1500
ไป planned
halt 500 15 40 muy
production at 100 07:50 | Liter
some of plants because of aply-demand situatiota.
1
Of
the 1.160
Mul traders were holding to the ardebues awaiting the first antica!
estimate of the -eason on August 8.
The weak at the
the cours on
four to six bagher
higher Nins Orientis Brushes
crop
Shares
BANKE
TIK B
Buyers Sellers
Salry
XD
2011
10 17
INSURANCES
Blesio
415
11 9 600
SHOPPING Wareturk
126
DO KS. FLU K What Dock Provident
11).
Alt
42
Kanecutt
1400
14 (k
ltures
with
LAND, PE UK Urtet
MADO
101 100 - 13:00
Oct
6,100
203.500
sevepo
JK
By
Dee
24.000
630,000
Mar
13.100
331 000
May
8.490
102 600
| Humphrey s
Betty
135
20 20 40 150
July
2 pao
1277,000
Ovi
11000
41,000
RUBBER
Dee
20000
•
Total
700 71,000 1,402,000 ades
Amalg Trunt
1:54 10,000
170
፣ ንብ
UTILITIES
NEW YORK
Trato
24 60
250
blar Fetz
1300
Prices of futures closed today
Yatemala
112
114
340 112
The most
as follows
330024.00
Spol
12.12
C L IN 21.00 22.20
Ketel
200 22.10
Sperry-Rand
000 40 23
30. TA
Der
100 + 32 4200 310
Mar
Sas
226330 PAL
July
31.00
Det
31
INDUSTRIALN
Dec
31 10
tlope
* 1500 N
100
STORES KN Dolly
10.00
1,
Wnt-za
1 2 333
317
32.52
COTTONS
32.07
32.69
32 32
31.87
AL
INVESTMENTS
4.45
£140
Alliel
2,35
C
The export market was strong France was a large buym of ('S Keune taking 373,000 bushels of whale wheat and 250,000 bushels subs- also She soybeans Imthed bids for 2 additional US resi ...: 1,500,000 bushels
wheal
tse viscident Borsts" at salt, then it was kedy i that oud would be faint as well Cat bering berguna unel fue anten. !
at intended van ot As Moon drawn to the propert
The posibility of finding
whel for prac Denmark. taral prisposes har no a natinal resures of fiel
the Interest arcused Danish State
entered the export market by purchasing 3,865,000 burbel of wheat for shipment August axt September, 200,000 bushels Finland added
US spring wheat to its stores bought 1,500,000 Jupi iend
4[
while; Western alsos į Era: teks .. 112 wheat and 1,850,000 bushels
US barley
Wheal closed uff 4
37.45
NEW ORLEANS
Prices of futures closed today
DI
to %
as follows:
Sput f?
17+2 cant; boybeans up 4 10 off 14
In 1932 Parliament passecl law reserving
Patus! to the State all rights of investigating "ernts
materi band exploiting!
Danush sub-strature
fo w of the large costy and
Proms of matals closed today |volved in mal prospecting, Fisit -
sterling 1 JORIA 1
21
follows
70
774
704
ENERY
after
today
tapet
יון
H
1
4+
J
J
Aug
+
195
282 mm
2.75
Auk
140 HD
New
12,0
never, the them Socialist Govern
Fest the mud 1930's grand
a Danish registered company Corn, No, 2. yellow
LIVERPOOL
Futures closings, ai Domien per
Futures
Mai
Mai
CLOSING PRICES
AIHY
Flee
Wical, No. 2, red
Sport
212164
Sup
21711
Now
ន។ +2 ! di American interes who formed
Mur
M. Y
210 210-21
2204-2 223 221
16. were as follows
nk en 1
1 teresatri
whats
of thy moth Standard
Spot
1024511
Seul
1482-1.
Nov
13816
mod ng taking over
Mir
14282
A1.
14314
New wontrol
Too Tight
By
M:|
Nov
1404-140
7431-96
1
Ogl/No
Dec Jan Mar/Apr
May/June
July/Aug
Det t
Mar/Apr
May/Ju
July/Aug
Egroting Kornak
Now her
2241
SAO PAULO
2433
C Light (67) 244 24.20
were
Procter & Gamble Cu Pilsburgh Plate Glass Pubilcker Industrien
Pure Oil
a pour Radio Corporation
Republic Stee) feynolds Metal Shell Oil Co Sinnt Reg
issues traded, 450 divanced, 436 declined and 272
unchanged. New 241,ughs were vel by 45 stocks and
new lows by 13.
active stock was followed by US
Sinclair O
Paper
Soruny Mobiil South Puerto Rico Sugar N. Suuthern National Gar Southern Railway (Com Blandard Brands
Standard Oil of Cal
Stoel, which yesterday reportexl | Standard Oil of In
It chalked up its best half its history.
Dow-dony »
1 Ja
were
1231031
1 nachtalttale
20 rulla
Wilkes 17.4065 stocks 800 12 40 40 bundss
Diminish On
Comm
future pute index apot price index Moody's Index
Camini
in
Standerd On of NJ
Sterp Rock Turento Exelonge
24 up
Stukely-Van Camp
averages | Studebaker-Packard Corp
Closing Prices
Alien the Av Allied Chemicals
Swift &
ג םאליל!
Co
DIRA Tide Water Asan. Oil
17132 Twenty Century Fox Piln
71.05 Union Carbide
183.03 Union Pacifle Railway (new)
93.33 United Aircraft
108.34 US Gypsin 183.61 US. Line Cu
416 30 U.B. Rubber
US Smelting
(1.8. Steel
Wormer Лен
Westrychiune. Electric xo West Va. Pulp & PapET Woolworth
219%
-United Press.
$ 10%
112
Canal Worries
Allied Mills ne
334
Alla Chakers
30
American Airline
237
American Cable & Radiu Čurp
American Cyunamida Co.
74
24 70
Am. Mach. &
dry.
23
New York Sugar
American & Foreign Power
23 TO
Ameen Metal
London Market
American Smelting
American Tel & Tet
American Tol
24 DU
Anaconda Copper
2011
2340
Worries
London, Aug. 1.
over the Suez
Armed Steel Annour
Baletwin-Lima-diam
Canal situation diminished Bendix Aviation Corp
€34%
Work!
142%
Baltimore & Onio
531%
1.90
and stocks closed on
note generally firm
Benguet Cone.
2
Д
Bethlehem Steel xú
163
EXL
Being Airplane Burden (The) Co
97
don Exchange today.
Canadian Pacifke It.
35 75
38.50
37.09
30.00
33. M
30.00
137
10
40
3)
0476
749
Colgate-Palmolive Co. Commercial Credit Commonwealth Elec.
3311
52
May
satt ( July
409
September
1298
14
Contract No. 6
101.
6715
September
0.04
775
Novenier
6.03
2141
March
6.41
July
15.51
ATEX Spot
tron vẹn là, cái AY ex-duty)
0.34
24
United Prem.
Unite! Pre
Shell
Patter Ptens
Chemicals
Enlarging Rubber Plant
New York, Aug. 1.
The Shell Chemical Corporation is investing several million dollars in enlarging the scope of its synthetic rubber plant at Torrance, California, Mr R. C. McCurdy, the President, has disclosed.
Since the whr about 1 deep · Öal, borings Tuve been made, pur, Sept Įtauk ly Jutland, but alse at Nov fast from
On Soybeans No. 2. yellow parts of Denmark jone ovvasion near Toerder, close : Spot
to the Germani-tatland burder, Sept Ney
Pan y enme near to
akr
Futures closings, in cruzeires per kilo were as follows:
$18
Jan
Mat
May
il
Barley.
Spxxxx
2411-12 238-23742 241 244-2432%
130-140
Aitk
Det
Th
Mor
New York flour
suck
May
$13.400
-United Press.
July
Orl-bearing material WJIN brought to the surface from depth of about 10,000 feet, but unfortunately the struta in which the oil lay was so tightly com- pressed that the oll would
not
41 100%
ooze ul through the bore hole, WINNIPEG GRAIN PRICES
of Recently small test borings
Winnipeg. Aug. 1 up to about 05 feet depth have been resumed as part of a pro- Prices of grain futures closed
in cents per bushel gramme of charting the under- today
This ground geology.
summer follows:
the area of Mid Jutland is Oain be particularly investigated. The present negotiations standard's
representativen Denmark, Danish Easo,
الله
In the US the average price of 15/16 middling cotton at 14 de- signated spot markets was un- available. Sales totalled 13,866 bales
KARACHI
quiet trading on the Lon- Burroughs Add Machine
two
Cute S. X. Co
Cat, Totor
Celanese Comp.
C. I. T. Flanctal Corp.
Chase Manhot, Bank Chrysler Motors Chax Molybdenum
Olls showed gains on bear covering, and industrials went ahead on a selective basis.
British Petroleum, Burmah
all improved and Shell shillings or more
Changes in industrials werd Consolidated Edison
Hudson's Continental ou of Del {2} fractions.
Borax Crane Co. and insproved deferred added
about shillings on dividend news.
mostly
Bay
Grown Zellerbach five Cuban Amer. Sugar
Diamond Alkali
New corp fluctuations were Suez Canal shares continued Dow Chemicals erratie today but th:
market their downslide, losing 4 ster-Dupont de Nemours
Eastman Kodak of El Paso National Gas National Bank closed higher in sympathy with ling while
And higher overseas advices
Egypt fell sterling to a new Erie Railroad
Family Finance Corp Suez tension. Prices in rupees jow.
Brilish Government bondo failed to respond to an improve- 7074 B0/12 ment in the pound sterling and $3/4 were marked down as much as 00/4 3/16 sterling.
CK:1
by
Dee
JA
Mas Byc
tel
TO'
124
12436-
May
127
sum-
Barley
2807 Sind roller gin
Oxt 1300.
107
103
209F Punjab
May
103
are un- derstood unlikely to reach a de- nitive stage before the autumn. Mr McCurdy said that a new jul increasing the plant's total In the meantime this unit, to produce a special latex capacity.
mer's renewed investigations for the manufacture of foam When construction
com- may be decisive in determining rubber products, would be completed, the President reported. whether
further
deep borings Flaxseed pleted this autumn. Other parts the copolymer plant will be able are really worthwhile, or the
the programme to make 110,000 long tons of whole hunt for oil in Denmark announced include extensions to brond range of rubber types
of the expansion
also autumn, it wa
be
Local Source
ກ
should be given up altogether.
310 2001-% 2001-400 Wheat No. 3, 1814 cents; No.
May
5. 141 cents-United Press.
Singapore Stock Market
the butadiene facilities and year, compared to its original modernisation of the synthetic capacity of 89,000 tons of
Samples For Danes rubber (copolymer) unit. These more restricted range, assuming will adequate raw material suppiles phases of the programme
Whatever the final result. completed in the
are available. was stated.
New facilities on the butadiene one institution at least in Den-
mark has gained
the from unls will enlarge production of prospecting
programme. The that critical raw material Mr
Danish
Institute re- Geological McCurdy said.
Since Shell bought the plant carried out by
ceives samples of all the borings the Americans The plant, which is the only ja year ago, the supply
which have added considerably one of its type
Sirgapore, Aug. 2. the butadiene, a major raw material to the imowledge of Denmark's Rockies, ds now the main sup-has been the principal bottle-
Broker's today quoted the plier of general purpose synthe-neck in meeting peak customer underground geology.
following stock prices; Such a comprehensive survey te for automobile dyres, floor demands for rubber. By inere6-
Batu Lintang Rubber Co. tiles nod
olher rubber items ing these facilities, he added, would otherwise have involved prohibitive cost.-Chine Mail
Ltd. manufactured in the west.
Shell. Chemical will insure its
British Borneo Special. customers an ampler supply
west of
The new latex unit will furn-synthetic in periods ish western manufacturers for material shortage.
the first time with a local
source of cold high solids latex,
used principally foun rubbe
Shell
In making
according to the
a
per maund closed as follows:
4F Punjab roller gin
saw gin
roller gin
saw gin
United Press
BURMA TO GET US GOODS
Foreign bonds were mostly uiet with scattered losses quiot
Japanese liens,
in
Gold shares posted gains and coppers flamed.
Dollars stocks tended higher
in line with Wall Street levels,
United Press.
London Foreign Exchange
Washington, Aug. 1. The US Department Agriculture
four announced authorisations to Burma yester- day totalling $2,090,100 for the purchase of dried fruit, canned Opening fruits and juices, evaporated New York
Montreal mylik
Amsterdam and tobacco. The Department said that Drumols
Copenhagen $114,700 has been allocated for Frankfurt the purchase by Burma of dried | Lisboni fruits, including prunes, apricots, Milan jor roistra
trom United States PAT
Stockholm suppllers.
Zurich
of
of raw
Syndica
Consolidated
Pilot Plant
New York Foreign
pref.
Hongkong
Banking Corp.
the
Hongkong Tin. Lul.
Kenipas LA..
Tin Smelters Ord.' Froner Neave Ltd. Ord. 1.98 Fraser & Neave 75% CUAL,
$5.00 Shanghai
1006 xã 6/pd $1.70
$1.00
03/-
29/-
$7.90
$1.75
Canada
Exchange
Mr McCurdy Besides his additions to said that the improvementer to manufacturing plant, the Com- the copolymer unit "will in- | pany is also bullding a new re- crease the plant's ability to turn search Laboratory and pliot
30-day types, plant. Mr McCurdy gild that England filefol out a large variety of
and these facilities were to be ready
bo-day while maintaining quality,
New Zealand pave the way for quality im- early in 1957 and would emble Nouta
the Company, provements and new types of
Ns al- "to expand
Inny roody producis,
considerable research Argmunk effort" in the field of synthetic bugun "He noted - £hat they would rubber and its manufacture.- | Pakistan also have is additional effect China Mail Special.
Lunge Rubber Estates Ltd, 0,75
Now York, Aug. 1. Malayan, Diewerten zuinig
4101-27/13 | New Betazulet Rubber
Ltd.
270-1/18 Peiniing Tin Lid.
2.70-9/10
futures futures
3.77-1/15
2.77-0/18
Naffles Hotel in
Skispore Cold Storage 220-16/10 Souls, British Inmarance Co.
1515-
«Bimile Trading
9400
Etenipahip
2000
United Engineers. Onda
Weario Do
United Prem
A $1,200,000 authorisation for evaporated milk announced by the Department was an amend ment to the original $940,000 authorisation announcod
London, Aug. 1:
2.70 2.7854 3.73-7/18-2.73-9/10 -10.0394-1034
130.074-122.0014 10.341-10343) 11.0774-11.08 80.10-50.20 1747-1740 93031-901 ( 14.40-3/9-14.40 12.1834-12.18%
United Press,
April 28: the Department sold Exchange Rates
"Business - Wh
dono fit the 'local Today's tobacco authorisation
exchango market this for an additional $685,000 nonatal worth
morning at the following rates:-- unmanufactured
0.08 V.B. dotlar (per #1) ft. $32.40
tobacco, $29.00
under an original | sterling notar (per £1)*** $13.75 Lobagen purchase grant ideje. Austenian notos per -73.24. nounced on June 20, Uniteddonesian rupiahisper, 1091
Press
"Birilitiesf" (B6r” 100)
| Kingsboro “. (Strutte)
Market
New York, Aug. 1.
No. 4 sutar futures
closed today one point lower to two points higher.
Domnestic No. 6 sugar futures closed
60% higher
unchanged to one point Domestic Inarket 1.-
tribut 2 lu trada buying.
324 Deman! for refined sugur
remains active.
Contract No. 4 (world)
September October
March
Spot reents per . o Cubas
Let US handle
YOUR
PRINTING
Too many proofs mean time wasted.. Wo grasp the point at the onset and ONE PROOF generally sufficca. After that, our upstordato automatic
presses make short work of the job.
current Let quote for your
requirements.
SOUTH CHINA MORNING POST
PRINTING DEPT.
For printing of every
Telephone:
5888895