1
TRADE
THE CHINA MAIL, WEDNESDAY,“ 'AUGUST “8,* 1956. *
COMMERCE
and
On
Property
Protection
Firestone Work Int'l
On Brazil Plantation
Now York, Aug. 7.
The Firestone Tyro & Rubber Company has be- gun work on it 3,000 acre in plantation rubber Exstern Brazi), 10 Wie direlosed here today.
new
plantation
The clabikhed near Itubers--
will supply its tyre manu-
facturing
pinat
ut HɅo
the
Pauld, 1,400 miles to Muth, and other Brazilian plants.
The plantation is the first In Bragli company's
High yleiding rubber trees have
boon brought Brazil from the company's extensive holdings in
Liberia, West Africa,
The company hopes that within six years the gent
could trees Intex.inited Press.
yielding
New York Sugar Market
New York, AR 7 World No, MERAP putures
Howe Today closed two pott
147
Jugher withi thrie pomis sales of 169 Contracts.
Domestie Nu & sugar tulum close untianged to one point lower with suks of 112 cont tracts.
Strength in the world market runtinued to reflect the Socz
Wits There Camel
CHIUS. significant drut in the market today. Priers were unavndable
yeption) due to bl Press
til
Conference
SECTION
Page
Could Not
Suez Industrial SILVER PRICE
REVISION OF CONVENTION COVERING TRADE MARKS AND UNFAIR COMPETITION
New York, Aug. 7.
An international diplomatic conference will be held in Lisbon in the autumn of 1957 to revise the International Convention for the Protection of Industrial Property.
The convention covers patents, trade marks, designs, trade names and protection against unfair competition, and is now in force between 52 countries.
A preliminary is of proposed, malter cannot be used -e market- News has been drawn up by a norter the laws on 1egulations
tatesmatic pul Buren
particular cuntsy, mi
Beine, the administrative body
the polition relate, to public
for the Cavettion It is based outer or morals Hargely on amendments proposed
The nature of 10 fact for by the International Chamber which trade mark i need ein- tommierte und The International jmt prævent the regeskalin er such ank sl the Accentiem to the Pyntetion of
13- tig f Indre frial Propert, (AIPPI)
an
icone be suppressed in finitud A its benant international, when the sale of the product Changes in Washington 5 May Hawttl the APP proposed the follow- ng revisions to the convention
Par text of the Convention To be perest completely in arvode and with the dials progkmend by The Aint rican greans and by the Chairman of the ICC CoREELAND KLE
to find Property. Patents may not be refused or Hyvalatuted because the subpe
WALL STREET INVESTORS
IGNORE SUEZ
New York, Aug. 7. Investors ignored the Middle East Suez Canal situation today and bought stocks on the everything would work out satisfactorily.
The buying restored one-third
of yesterday's 2 billion Jose and sent utiliti to a new 23-year high
Oils, 12x11 issues cumpetert
und
shurry
inore
Atour
Baldwin-na-tam Haltimore & blo
Trumark may b registered ani protrete 1 in every country and must be tracted the same as ordinary tra le marks
False Indications
WORLD
RUBBER MARKETS
New York, Aug. 7. The No. 1 Ras rubber contract today | futures
to closed 15 points lower 20 points higher with
זין B
WORLD
COTTON
MARKETS
New York, Aug. 7. Cotton futures moved only narrowly on either side of the previous close in quiet dealings today as traders were inclined await tomorrow's
crop estimate.
to official
A little proth-taking hit the
t
UP AGAIN
New York, Aug. 1. Renewed indygirial de- mand today sent the price of silver up' cent to 90% cents a One the second increase two days,
DUBCE.
Handy & Harman, bul- lon dealers, quoted
The new price noting it is the highest since June 12.
Yesterday the price was
Deni 10 90 raised conta.
The present price about inid-way between the year's high and low. low The metal touched a on Jan. 23 of 90 cents. On Feb. 17 it reached a high
915%
oents.
DE
In Loudon spat silver wan quoted up penny
Handle Full
Tanker
Traffic
London, Aug. 7.
A forecast that present world production trends could result in some 300 to 350 million tons of crude oil seeking northward passage through the Suez Canal every year from 1975 is contained in the latest review issued here by the Petroleum Press Service, The review was written before the news from Egypt.
that
the
The review states tramalt of oil last year totailed
about 85 million tens.
Chat CHICAGO CRAIN
and points
The
from Friday ponce-limited Press,
784
flowever, it estimated the Canal's LIMATE would reach about 100 to 180
lons
ul
Its just before the close
Anished three higher to 10 points lower.
pened market
unchanged to rix points higher, New Orleans closed unchanged to nine lower gerillented stock at closing to- day was 5,075 baler
Most of the activity was con. fined to backing and "ding. The
strong chatant deliver les
little ↓ scots, niet
In
HONGKONG
STOCK EXCHANGE
realising.
The market
opened slightly on the upside but most of the galus were eliminated on light hedging and proft-twing, A jeading spot firm reported continued good demand for in-
(From Our Correspondent) prompt shipment mediate d cotton
in the Allanta und
Busincas deno on the Honμ- sald there konk 11
Exchange Stock Memphis grows.
ship- I morning to very little interest for
$940,000. proximately ment beyond September.
und the Munih
quotations
NEW YORK
Price, of futures clostel locüy
DOCKS, XTC K. What Duck Pident (UI LAND, ET
amottnied
ནཱ
. milion
when the Improvements
capacity
anually
iate's! programme of completed.
Wak
It estimated that these improve-
MARKET
Chicago, Aug. 7.
The grain futures market was
ments together with increased movements of oil through pipe- generally
easy at the close of
Bues from nothern Iraq should trading on the Board of Trade
vo adequate to handle the north- today. ward flow of Persian Gulf OHI up to 1901.
But the climate for transit requirements by 1975 was "well beyond tire estimates of tho | preecat Canal's capacity at that
time."
Super-Tankers
The market was duil as profi- taking was attracted by yester- day's tdvances.
However, Junited
hedge
selling in wheat and small gruin
arrivals ut aminul marketa kept
from prices
让 severe
decline.
Exportera expect
France to
To review mics "lo salying purchase over 0,000,000 bushela the problems thus posed, the of wheat some time this week. Brazil was also reported in the evenumies of super-tankers will
market for at least 1,700,000 play a big part. It is already cheaper to route a ton of oil in bushels of the US crop
offering on Egypt requested
bushels of US wheat Gulf to the US East Coast via¦
a super-tanker from the Pers 3.7 20.000 tons of US flour for
the Cupe than to send it in a tanker through the
ถนน
Cannt.
The distance to the US East 1 oy bound Futures: Coast via the Cape was about ›
Suez
und August delivery.
Wheat closed off to i cent; cents.
up i to 2%
$7
1 $7
41
218 скна
32 25
11 40
22301420
14 18
21173
K Hotel...
090 0 14 30
5:00
15
32 4:3
500
14.0
3100
1000
14.00
31 300
500
14.73
11 20
BO 140
TIK LA..
03
900
00
300 681
Really RUBBER
1 40 1 425 3000 1.429
32.50
Amalk
1 59 5000 1523 17000 1.50
32.02
2.70
1.50
3.73
32.52
UTH.FTIES Tram
31 31
Youเก
23 231 100
300 gr 23 70
100
31.32
C. Light 61; 23.11 23.40
1000 or 13.40
The review adds that for
large super-linker suficiently th: difference of costs would be 2000041.020 significantly less than this. The point might be reached with a
fast large enough and tanker at which the costs by both routes would be the game.
42 per cent greater than through ! Wheat, No. 2, red the Canal, sak? the review,
pay- After allowing for the ment of current Canal dues, the cost per ton for the same size tanker was about 25 to 30 per cens greuter for voyages via the Cape,
:
Sept. 210 215411
213 21044
Nov
Mar
Mer
Corn, No. 2, yellow
Spot
100%
Sopt
1405-7%
Nat
13846-4
Mar
14274
May
1452
Ilye
Sept.
Nov.
133 130%
Outs
Sept. enough:
737-4
Nov.
70%
Soybeans, No. 2, yellow
Sput
1000 23.71)
24815-217
gepl
2431-1
1300 g 23.80
Nov
240.2393
Jow)
2423%-249
Mar
240%
that
May
247!
Barley
NEW ORLEANS
Prices of futures closed today
"
เม!
Failure to work a palert an A
Kantel unfry shall not be deemed, n adaise of the mun poly
the intent justifying restric
the In the ea of - pali slee
of the publ Frling equirement
bu mwy interest pamite in the nurture of com
Stuc」t } ཐཱ""}vཐཱསཱཐཱ puty fetes
nly Itary grandified applicant must involv payments of equitable compensa – Lin which ultimately must be, July detamined by the Corls; and must be re-exclusive and non- unsferable.
sales of 260 contracts.
The standard contract closex
1 40 points 35 points lower higher with sules truels.
The Rex cobinet closed un
80 ponts Churged T
with sites or 79 contract-
Closing prices.
('1
De
Volume Open interest |
13,700 263,KI 24,900 541,750
This
A- Noon morning's
Mar
21.300
330,100
of 07 -
May
aun
104,000
tans etlons:
MILATES Buyers Sellera INSURANCES
Kalok
July
11,400
127,000
UI.44MT
มาด
9.64
41.71
SHOPPING
higher
L*
3.200
71,LMMJ
911) 1,49,000 bales
Asia Nay When
>
3000 1.233
2002 25 7th 3071 0
No. 1 Ras
5
385
Dee
1975 3
as follow:
Standard contract
Sprut
Out
ted
Trx
3 DO
Jos
Dee
14 90
5140
31 ይ።
Mur
Mus
123
May
3000
July
Sept
30 00
Oct
Der
Iter
Sapl
3600
Nux
35 50
The
should
Jan
Mar.
as follows;
May
July
31 70
Spat
Sept
30 80
Oct.
Dcc.
Mar.
Mny
July
Dol
Dec.
[
Futures closings, in pence per 1b, were as follows: Üld contract Om/Nov
300 2330
1500 23.20
1800 23.30
The review
Dec/Jan.
24 BO 22
400
23.20
Mar/Apr
May/June July/Aug
2370 tght (NI
23 40
20 50 11 20
300
21.BU
100
21 20 1
another intervene
1500 of 21
24 13
100 21 20
.200 m 21
Dec/Jan.
3370
Mar/Apr
2345
Elevine
30 30 73
for: Septemberward.
Putures were!
No. 1 rubber per ib. Aug. 100%-100%
Sept 100-
Ort
May/June July/Aug
23.23
300 2100 1300
30.73
M
JS 30
4329
Egyption Karnok Nov/Dev.
52.50 Teleione
2412440 300 1000
430 23.00 100 23.0
24
size
of
using the Canal.
Conventio
beliefied to prohibit a false in-
dhrations et gauhical erigin und all false descriptis lating to the nature, composition Bud quality of the product.
Olber revisions. prisaged by the FCC and the A111' include:
Permissibility of licensing of 1ade marks under proper con- 421, act of standards of the produrla; fear wregiment of trade rurks, 134 petentability of chemical pro
quets PROVISICIIS balents"
agricultura:
on
and!
Futures prices centiqued under the influence of the Suez Canal situation. The physical market was very quiet. Spot No. Ras
ni 37 nominally was quoted cents a pound.
The
SINGAPORE
market pened steady
and subject to small fluctuations
and later it studied throughout
LIVERPOOL
the day. There was fair amount New contract Det/Nov
of trade
19
13
24
Hendix Aviation Cosp
5.
Benquet Cons
Bethlehem Steel
300,
aircraft
Bocuig Airplane (new)
(The) L'u
33
Care J 1 26.
Val Tractus
Jay
C'eluts Comp
Panametal Corp
tank Madal
40
10
23
Colgate-Pichinolive Co tommercial regn
22'
3144
Corationsweselih Kive
+2
lidated Edison
474
Sontinental On af Del
1001
# Zrterback,
324
uban Amo Sugua
16%
No 3
++
No 4
*7!
97
The Puguese Government is expected to issue
apachaminary
No 1 pale crepe..
Spel rubber unbaled Blanket crepe
LONDON
horticultural products; and pro- 2.500s for periods of grace payment of taxes for the
uf
and polenta Inance restoration of inpsed patents.
Preliminary List
11 good! support anal lura of switching on August-
No 2 rubber per ih Aug. 100-101
-100 1-87 100-106 8)-83 123.123
SAO PAULO Futures closings, is eruzeiros per kilo were as follows:
3 @ 3
1000 23.40
Bigger Vessels
concluded
Vessels
133-140
$13.50
factor which might Spot
to favour the Cape New York flour
route wie the limited capacity 200 lb, sack of the Cant 12 handle any large number of very
United Press.
WINNIPEG PRICES
big mixed in with its other traffic. This might set a limit of per-
Winnipeg, Auz. 7.- Prices of grain futures closed 24.20 hp 45.000 tons to the possible
customarily today in cents per bushel as
tankers
follows:
here
guy Oats
of
Ort
ง
Dec
May
70
Rye
Oel.
STORES, ETC Ehilry
15 40 13 50
500
16.10
1500 # 13.00
2300 or 15.30
12
Wate
10.00
built
the China Mull Special.
ordered recently in Japan and 100,000 tong vessel was being United Stales-
122
Dec
121-123
MAY
125
Barley
Det.
1001
Dec.
103
L. Crow, SalesINVESTMENTS
Yangtsze
29.30 201
0.70
May
103
3000 6.75
Flaxaced
Oct
Dec.
290
May
300
Wheat, No. 3. idlig cents; No. 4,
for leadership Buztiwgha Add Machine in the market's advance, whichdian Pacific
saw individual stocks up ths 3.
Sales of 2,180,000 shores fell
only 100,000
yesterday's volume,
short of the Inglest
since President Eisenhower was
i on June 8
The break
the murke yesterday also was the biggest since June 8.
Oils, which here the brunt of: sell-out, yesterday's
2p!
back strongly. This wave con- dence to ther segments of the market.
Shell Oil showed the way with Continental Öll and a gain of 3.
Royal Dutch ran up more than each and Cult added 2 on the
Tiose.
Price Boost
A price boost in steel reflects booming business ahead and
Chrysler Mutors Cima Molybdenur
Pond Alkait
Dow brinkeks
Dupont de Nemou
Kastman Kodak
El Paso National Clas
Ene Railroast
Fainly Fuure Torp
Ford Motor General Electric General Foods
General Motors Gen. Pub. Vul. Getty Oil
Glidden Co
Goodrich (13. .
Codyear Tire
lieyden Chemical
ilumistake Mining Co Ingersoll-Ran
Inland Steel tw Interolomical Corpi
thus helped the steels. Inland | mi Bualnews Machines
tacked on
Armco,
moro than 2
and Bethlehem,
and at Harvester
US i International Nickl
International Poper
Steel, selling ex-dividend, murointi Tei & Tei than 1 each.
John-Manville Co Kansaz L. Power & Light Other metal issues also met Kennecott Copper
good demand.
Lier Mayore Tub Ca. Lockheed Aircraft Loow Theorp
The Dow Jones average of 30 Lone Star Cement Co. industrial stocks closed at 515.88nuisville & Nastaville 1. up 2 points. This average Jost Lowenstei & Sons 6.39
decline.
In points
Marati Iron Crep
yesterday's Minnesota Main
Baldwin-Lim-Hamilton
WBS
Mission Development Monsanta Chemical Co. Montgomery Ward Motorola Inc.
the most active due, followed | National Cash Reg.
by Royal Dutch, Avco Monu facturing and US Steel. Five of the 10 most active stocks were oll, and three were steela,
New York Stock Exchange bond volume was $3,030,000.
American Slock volume was 930,000 shares.
closing
Dow Jones
were:
30 industrials
20 rele
15 utilien
63 mìocka
40
Exchange
National Dairy Prod. Natton Lead
National Steel Corp. New York Central Olin Mathieson Oils Elevators Owen-isols Glass Pacify Car & loc. Pan American Airways Paramount Pictures Parke Davis Co.
Penny J. C. Co. Penn Balb Co. Provtar & Gamble Co. averages Pittsburgh Plave Glona
Publickar Industries
Comm. future price index.. Corta. spot price index Moody's index
Closing Prices
Alden Inc. Aoy.
Alljed Chemicals Allled Mit Inc.
Allis Chalmo
Autwr, de Foren Power American Altsjne American Cable J
Corp. American Cyanenýde Ars. Mach. 37 dry. American Metal American Snelling
An466hda Copper.
Pure
818.88 Corporation
108.10 Republe Stoc
71.17 beynok Memi
182.6 Shell Ou ou,
04.94 Binclair Dil ....
159.33 Bouth Punto rico Bugar
Sous National Clos_
410.80 Bouthern Railway (Com.)
Standard Oil of Cal, oll of Ind
ep Rock (Toronto Exgei
Standard Qii of NJ.
Sterling Drug Co.
Stokely-Van Camp,
34
2014 Studebaker-Packard Corp.
11th win & Co.
Texas CO.
563 Tide Water Aum, ou
14 Twenty Century Fox Him:
247 Union Carbide
Untori Pacino Railway
&
United Aircraft
Ať Ú.a. dy yum
TT King Co.
ELG
- Breiting:
(Washär. Bros.
Westkirhouse, Electrie
384 list of proposed revizions to the
24
20 governments of the countries 38, party to the International Cen- 54vention.
473.
They will have six months in 360, which to communicate their ob- 63o servation and actritional pro- 37%
posils. After these communica
the Berbe Dry Leceived, 771tions
the Portuguese 16 Bureau und
will prepare programme
34
Government
the enitive
for the 882, Conference. -China Mial Special.
120
702
38
Royal Dutch
Lead London
Market Down
London, Aug. 7.
Suez Canal tension and tho heavy overnight de- 484cline on Wall Street hit
the stock exchange today with widespread losses mainly in the oil group.
Royal Dutch led the decline, 931 tumbling £5% to £77. British Polroleum fell 15 shillings, Shell Transport close to 11 chillings and Burmah 7 shillings 0 pence, 821% all closed at the day's kw.
62
014
301%
Some steadying was felt in the 212 market toward the clore. Sue Canal, which, opened of £1, 634 promptly
Jumped £2 to
42
03
2014
41
941/3,
Industrials moved. erratically, but their trend was downward with the leaders mostly login around 1 shilling. Great Uni- Vorsal Biarca ylotos & shillings.
Aug.
Orf
Dea
Mur
July
INDUSTRIALS
35.20
{"
34' 34
34.70
30.35
30.40
36 40
in the US the average spot
price of one inch middling col- The market was very steady with spot at 32 pence per b. ton at 14 designated spot nar- Prices:
32.03
kole was
cents, totalled 12,302 Lales-United
No. 1 ss po Settlement house lerini
32-32%
Press.
Sept....
Oct/Deo.
371-3312 312-31
Jan Mar.
Apr/June
30-30 29-201
Gebed markets, cif basis, port
Aug.
Seul.
Cot
Estate orepe thin Aus
The Prices
Берг
thick Sept.
AMSTERDAM
market was irregular, closed today in guilders
Aug. kilogram,
per follows:
No. 1 rubber Ne, z rubber
No. 3 rubber
No. 1 crope
as
000 24.10 300 34 1000 A 34.75: 45,000 tons puts lankers in the
500 g 34.75 super-tunker class. But n
super- 500 de 34.73 tunker of 84,000 tons had been
Oll trade sources
Capacity carrying that a
Singapore
No Freight Stock Market
For Two
Suez Ports
Singapore, Aug, 0.
today quoted Brokers following stock prices:
Cu. Rubber
3.03 buyers number of big shipping Fraser & Neave Lid Ort
3.03 pald
United Press.
2.85 buyer companies are not booking Fraser & Neave 72% cum.
cargo for loading or loading at the Egyptian
Suez and ports of Said, it was learned here today.
NEW YORK OIL AND SEED
New York, Aug. 7./ Prices of cottonseed oil futures closed today in cents per ib, as follows:
Sept
Oct.
Dec.
Jan.
Mar
May
July
Saics
Sept
14.8% 14.73
14.07-00
14.03
14.00
14.tb
14,050
14.436
the
London Foreign
Exchange
New Yurk
Montreal
Amsterdam
Brussein
Copenhagen Frankfurt
Milan
London, Aug 7
-
3.7319-2.73%
10.64%-10.04
139.10-130.10
19.3424-19.35
11.0934-21.00
13.1746-12.13%
9814-90135
14.30-14.39
12.1746-12.1774
-United Press,
OpenIRK, Pari
Stockholm $1.60
Others, were wechanged 520d
Balu
Lintang
Lid.
Calcutta
London, Aug. 7. agents
Brittai
Borneo Petroleum
of
Syndicate A Consolidated Ord,
Tin
dinetters
29n $1.05
prot
$5.00
un-Hongkong & Shanghai Bank-
ing Corp.
Port
"Tin d. Hongkong Kempas Ltd.
Bx3d
$1.72
Lunas Rubber Estates Lid 0.75 Malayan Breweries
$2.03
Now Berandah Rubber
Lid.
$1.77
Petaling Tin Lid.
#3.10
Raflies tatel
$1.45
Co.
$33.80
$24.60
st3.75 $3,50
Special
and
which con- Shipping lines
they that Armed here today were involved in this decision are the Clon Line, the Peninsu lor and Oriental Line British-India Steam Navigation Company. At least five others, it is believed, have taken. the same step.
A spokesman for the Peninsu- 220 contracts lar and Oriental Lino said that
action had Copra today was quoted at this
been taken
$185 per short ton, elf Paciile purely as a precautionary mea- Coast; cocoanut all was offered sure
because of
uncertainty
at 11 conte a pound, West Coast. over the Suez situation.
-United Press.
LONDON-METAL, PRICES
London, Aug. 7. Prices of metals closed today Borax Holdings Lost:14 shilings try sterling per long ton as to £144.
follows:
2-month
Dollar stocks were marked in Apos down severely in step with Wall Street's heavy decline, Belli Cepper mot Ichem,Steel fall in points to 314
Lond. 18t and neveral othere, including Lead International Nickolare down
or U. polits,United Press, D
buyers sellors
100.
VIA THE CAPE
: "WO Just don't want to be held up" he said..
A spokesman for the, agents of the British-India lines sald here that his company was prospective shippers from Far East to East Mi terranean ports that it stood Sta":"natural)
* right
Singapore Cold Storago South British Insurance
Latet. Straits Trading. Straits Blearnship. United Engineeri Wearne Bros,
cumdly-China
NEW YORK METAL FUTURES
New York, Aug. 7. Prices of metal futures closed today in cents per lb. as follows: Lead AugUST_
Beptember
Tin August
Zino „Auquel Copper August
September
September
15.206
D7.509 13006 13,000
United Preta
Exchange Rates
to ship Dualne was done in the, local
if the unofioletscherer cargose roubo flie Capo morning at the following ERDORA Tacesity hole
· The mokesman, wald · Com-Backing novel (yer. 21)
BENY wa taking this wland in Austraiari notes common with others using the | Indonesian
Zine Lat
United Preck.
gutz Canal Router,
per 100)
Zurich
1415 cents. United Press,
New York Foreign
Exchange
Canada England ufficial
Argentina
New York, Aug. 7.
unofficial
Let US handle
$1,01–27/32 2.78-13/32
2.73-2.75
.0360
United Press.
YOUR PRINTING
Too many proofs mean time wasted. We grasp the point at the onset and ONE PROOF generally suffices. After that, our upstordato automatic pressos make short work of the job. Let us quote for your current
requirements.
T
SOUTH CHINA MORNING POST PRINTING DEPT.
045
For printing of ovary, description.
20002
Ľ