TRADE
THE CHINA MAIL, THURSDAY, AUGUST 16, 1956.
and
COMMERCE
SECURITIES Sea Leaves A Fortune
HIGHER
IN LONDON
London, Aug. 15.
Spirited buying of top
grade securitien sent prices; higher in nearly ull soc- tions of the London Ex- change today.
ว
Guns Panged in almost EU as hopetal tinders tek BOLO wens of the Middle East zit lium and were impressed bev lew Brod earnings repots
Bagash Governments ·howtyle
'ularly Strang with Old Corouts
AMP
.1
Wa Laza proamanunt
SELECTIVE BASIS
PINIng more
than 3
WORLD
RUBBER
MARKETS
New Yoru, Aur 10 The No. Reg rubla tutusca Contruct today elo ed unchtraged to #pajot Tower with
enacts,
The standard contact closed
70 to 80 peints few. with dra
tive contra l
The X contract clore 1 40 to 50 puta h wer with "al 1 90
ontearts
Standard enniracl
lighters
No. 1 JIKA
met
Das
Inchastela's were bought und wedvetter bts with Holly-Rogne
1500
Brdih-Amerkan Tubaceo paced strong tobacco group, up more than 2 shuffings,
Mer
Mus
Jody
Art
Kex contraet
Seatt
Yow
A
An out in front
Kutta
Mer
a low t 2
May
Juts
Suez Cabal pested a
Man of
Sept
Tails, which aberentieel a great del of avling, furi ed elming just Royal Dutch be form the chop
with a
Er the foreign land spotion, Ciramate opped strongly bal Jod
Pilates .1
then fractionally Just were nearly unchanged,
B
closed Japanese
Wils
17.00
33 30
#RESAR
BARA ARMAA
On Beach GERMANY
PLANS OIL
MINERAL WEALTH RATIONING
FOUND IN
AUSTRALIA'S SAND
Sydney, Aug. 15.
Bonn, Aug. 15. The West German Economica Ministry is dis- cussing plans for rationing oil and petrol if the Suez crisis makes it necessary, according to ministry sources. The sources said, however, that no concrete steps had yet been taken.
Even if the Suez Canal were blocked this alone "would not be a catastrophe" for the ecun- try's oil supplies. Only about 20 per cent of the country's oil imports pass through the Suez Canal.
the
Сопа were blocked,
longer the
voyages aircraft the Cape would mean that about half this percentage would be lost.
Every breaker which rolls in from the Pacific to thunder on Australia's eastern coastline promises to add national wealth from much wanted minerals dumped on the sands.
Their
from uses range building to naval smoke screens.
The Fources pointed out, however, that a blockage of the Crisi would make other countries increase their demands Mediterranean on the Eastern
terminals where oil pipeline West Germany at present
about 40 per cent
cut This could
30 30
11
New uses, new processes are returning tu creating ever-inereusing interest; mineral wealth washed down in from in what quantities azi:k qually; rivers over the centuries
all ralle.
other the hinterland. to be ured and
the over
world minerala in short supply Aux-
metal. tralia can win from more than ceramic, electrical, paint, weld-
ing and other industries. Thru and mit:
k stretch beaches; n sand dunes extend-
the ing from south et Sydney r graft bellding. for rutile * New South Wales to beyond the base meterial for the manufae
lure of the wonder metal titan- Queenslant capital of Brisbane.
the shore
The
in
Its spectacular use is in
obtains
her c
supplies further.
1
Palmes prices declined In Be with lower prices at ta-
citall Interest
15 gen mited Hoders awaited tomorrow's testeding at London on the Su1
Cop strukiossi. Spot Nr is quoted nominally ni 30's
NEW YORK METAL
FUTURES
SINGAPORE
item
A ministry sourer satel crude oil stocks
Already the beach satids have In pence it plays dis part in present to about 15 days' sup nac subsuntiat contributions sky writing: in to the national ecoNOMEN
Last base
3
war 11 15 for naval smoke-screens.
year Austral, exported nearly China Mail Special
£ A4,000,000 (£3,200,000 111- ing) worth ei mille at d zircon | concentrates and, aveording
National
The market
sagged afles steady penting because of lack New York Ang 15 of suppli and sonic bruido- | the Prives of metal futures clored | ton by holders AI today in cents per & flows Herrls The after 2011
1 Bande SUPERROSI DA
AIRLINI
12
Sepinasları
Tin
August
Septembr
ZUK
Augu
Septemirer
Copper August
September
13 3h
Wit
- ቶ፡
dr 7 afs
evidener
107 Bob
13 D
13 900
34 233s
H
- United Press
LONDON METAL
PRICES
Ja
London, Aug. Prices of metals closed today.
Page
SECTION
Cautious Trading
BRITAIN'S EPU
DEFICIT
Lendon, Aug. 15. Britain had a defert of £24,475,000
the with European Payments Union in July, the Treasury dia- closed today.
Britain paid off 15 per cent of this in gold and added
the other 25 per cent to bær general deficit. She helped lo
this reduce general debt during the month by making special totalling repayments $8,519,286 to certain Egio- Frau erunities—China dimil Special.
HONGKONG STOCK EXCHANGE
(From Our Correspondent)
Business Cone on the
Stock Exchange kong
theplies. Petrol stocks would a SHIPPING
two to three months and dies! el stocks about one month, An offelal of the Esso heman Bemburg said he thought
On Eve Of
Suez Talks
New York, Aug. 15.
Traders turned cautious on the eve of the Suez Canal conference and lightened commitments in a last hour selling flurry today which all but wiped out early substantial gains,
Only a handful of selected issues held gains of any size while the meta basy! stocks closed
Irregular nurTOW, Out of a total ismies traded, 437 were higher, 413 lower.
MINKE.
Industrial stocks closed
Oildden Co.
Quedrich (BP Co. Goodyear Tyre Hayden Chemical
netake Mini Co.
1.131racoll-Rand
more
Mand stori L'o.
Interchemical Corp inil Business Machines Int'l Harvester loternational Nicksi International Paper
than 3 points below the day's | lovi Ted & Tel
highs at 317.70, up 0.43, Main slay of the average group was United, up more than 2
points
John-Manville Cu.
50
Kansas C. Power & Light Kennecott Copper.. Liggett Meyors Tob. Ca.
1397%
21
and Texas Co. nearly a point | Lockheed Aircraft higher. Aircrafts paced the sell-Loews meerp uff with late tosses ranging past
a point in Santa Fe, Atlantic Count Line and Katwas City Southern. Their average Wat Hong-down 461 on the day.
this
40-
Utilities too closed lower-off 0.11 on average.
Turnover picked up to 2,000,-
Lone Bar Cement Co. Lowenstein & Sons Mesabi Iron Corp. Mimosota Mining Mizalon Development Monsanto Chemical Co. Montgomery Ward Motorola the. National Cash Reg. "A" National Daley Prod. National Land Notional Steel New York Centrai
000 shared from 1,790,000 yester-On Mallieson
Bering, till responding to
day.
Dows of large Air Force orders, added nearly a point on top of yesterday's wido grun, clihough reiling ex-dividend.
virtually
inorning
proximately
amounted
$1,000,000. quotations and the
to
Noon morning's
transactions:
of br
shares
Buyers Sellers
Sxlen
BANKN
That
*K Buk
1G4S
1043
mounted
ut
INSURANCEA
Unlen
Dis
30 1640 7. 1645
7.3... th
40
Wheelock DOCKS EC K Whit Dock
11 5 FLSPET
$400 · 5 30
Motors were changed.
101 Maitent 104–13:0 LAND
42
mo- 14
13 to 15 20
1500
200 15.30
2000 t 15.26
750 15 10
point
Gi
F
51007
1100 58
New
400 « 87) 2
1990 2010
2220 x 20
American
Dow-knee
volume was 770,000 shorts,
closing
were:
1 likely that, if the Canal were
Development CHICAGO GRAIN blocked, tankers at present heid lower Minilet. Seale Willkom prostuction
there
There was little factory terest durant the day Futures
Nai Cutlery per ib
1004-10
August
September
Delober
No 2 Pilsber JAST Hi
Augual
No 3 rubber KI Ib
Augu
No 4 As
tile
Spx Tubber unibaled Blankes regio No 1 pafe crepo
1b
1-113 unquotext
Spooner.
wh for up to 20 years from jhigh-grade deposits alone.
World's Richest
MARKET
Chicago, Aug. 15. Grain futuros prices closed firm to strong on Ways are being devised
the Board of Trade today. work profitably low-grudi e- pigts and, if this 14 achieved, Short covering and sharp de- -0. Seriator Spooner sath that they mant were coupled with
I would!
late as "pentrarca.light offerings 424-031,
Corn und тус all the known high-grade 1894-1001 thres
largest advances 7515-201
tings 121-173
Audralia 12 now the world's | deliveries.
Cash
corn Lading producer of these cou-
100.000 renirates
ebest that and the Las Price beaches are easily
Hold were the world's
Chicago today. ruttie nel
offset The gains
ເກ early morning drop ezused by hidging und reports of large southwest whit arrivals,
in
sterling
long lon AN
LONDON
lofiows
buyer.
วาง
mbol
772
773
3-munth
760
7011
Copper so
30x
The market was easy. closed in pence per b lows:
as fol-
3-
36-1
Lead Ist
hall
Auk
10.
Lead Lat hunk
Nev
1141.
FIA
Zinc
AUR
-Ռ3 1 .,
Zine
I
Palt
Nov
11
94)
United Pi
April/June
No es q
Settlement house terat September
95. Linuter/Dvvvsbjerg
January/March
{July/Augum
General sheetels.
NEW YORK SILK
FUTURES
New York, Aug. 15
today futures
kower with no side
Silk
rents were:
Augus
September
11**t;
Estate
tit
thick
AMSTERDAM
2017-201
29-2011
21-22 210-281
richest in
Beking
only
the nade with rye set- highs In nit
dealers reported of earn bushels to move out of
Wheat closed
soybeans
up up
4 to 1
Zircon 2-202,ter, the Minister said,
Australtute, lazing countless thausathis beaches with thoughts of ly on the depth of sun tatt develop cent; Ingen their expord !kin, have cent.
multi-coloured › Wil partieles not knowing that they wore dribbling economic weath | through their lingers,
27-27
2014-2834 toyed 28-28
unqueded
And now
they
Prices
tser
mid:
aware
The market was quiet. closed lay in gulders kilogram, cif Sept, as follows:
one cent
reported.
Closing prRIES
in dollars und
September
4 21
No
2 43
October
471
Nes
2 rubbe
273
NOVA SHOT
437
Nu
3 rubber
2 61
IND
3 ciepr
330
United Press
United Presi
December through April 428
استادان 1
Cotton
New York
Trading Slows After Firm Start
New York, Aug. 15.
CLOSING PRICES
Prices Der bushel in cents: Wheat, No. 2. red
Spot been Sept Nov
2211 218
217-217 an 2199-220
are
Mar
Biay
220 2281
July
21872-73
have that there dellars and gold to be won from The and they want it to
thum 12 rather treaches
popular for commerce, "processed"
in
have Corn, No. 2, yellow
Spot
10
resort sept
Nov Mar.
to various Barley Approaches made focal controlling authorities for Spot Tights to mine" any beach
where
New York flour 200 lb. nack
101 1514-3 1424- 34712
130-140
$13.00 United Pre
in the United States "mothball" Leserve fret would he put into
the Cape rate. service on China Mail Special.
Advanced Petroleum Refining
Pittsburg, Aug. 15. Junes and Laughlin Steel Cor- construction poration plans the
K 1
NK and.
#fumohrev
Henity
RUBBER
Anal
Trust UTILITIE
Train Youmati
45 47.3
1330
23.00
401
Light (0) 23.9
1.62
c. Light N 21.30 21 40
Bleetike
15.20
2500 24
500 ** 24
100 24,10 210024
200 1.40
1200 *
2000
reinhone
23 . 34.80
1000 v
11.25
100 25.20
1000 ₫ 25
500# 24 no
800 or 24.76
UD-
Oils were mixed with Con- tinental down more than 2 and Guit and Royal Dutch off around p-int Texas Co. mw
York Stock
J
Exchange
bond volume was $3,010,000
Stock Exchange
an industriais
20 ruil
15 utilities
1
40 boric
Comm future price
Comm npot price Moody's index
averages
карет
index
Closing Prices
Aldon 1na. Acy, Allied Chemicals Allied Milk Ing
Allis Chalmers
Otle Moveriore
Corp.
Chwen mols Gues Paelde Oui à Eloc Pan American Airwaya
Paramount Pictures Parke Davis Co.
Penny J. C. Co Penn, Salt Co Philip Morris
Procter & Gamble Co. Pittsburgh Plate Giden Publicker Industries Pure Oll........ Radio Corporation Republic Steel
Reynolds Metat Shell Oil Co Saint Reg. Puper Sinclair Di
Socany Mobilall South Puerta Itteo Bugar Bouthern National Cas Southern Railway (Com.) Standard Brands
Standard On of Cu Standard Out of Ind. Standard Olt of NJ.
517. To Sleep Rock 14.73 String Drum Co
70.67 lokely-Von Camp,
Studebaker-Packard Coru Swift & Co. 26. Texan C Am O
11
181.09 Tide Water
164.13 Twenty Century Fox Film 424.19 Union Carbide
100 ; 23
5002493
100
Cement. 35%
30
500 @ 35
341%
Rope STORES, ETC Dairy
12 80
1000
American Altlice
After. & Foregs Power
14T
INVESTMENTS Yangtze
10.80
13.90
6.00
10
1415 4 16.30
American Cable & Radio Corp.
500 15.00
American Cyanide Co
2000
1.80
Am. Mach. & g"dry.
Watton
of new facilities to use advanced petroloum rifining techniques i INDUSTRIALS
of coal chemi- the production of cals, marking the first steel in- of the adupulation sustry techniques
Its operations. New refining facilities costing will be (on- over $2,000,000 structed at the firm's Aliquippa, Pennsylvania Works, wit
with com pletion scheduled for early next the #5 year. They will be built of licence result
arrangeme with two oil companies---ES Research and Engineering Com-
Singapore
pany and Universal Oil Products Stock Market
Corporation.
Combination of
two the
the purify will processes chemicals produced from all of Jones and Laughlin's by-product coke oven operations. The facilities will aid in production of higher quality coal chemicals.
-Chin Mall Special.
Would WINNIPEG GRAIN German Car
there are muneru| posits brought strong resistance from sections of the
public who forecast that 11
end mean the
of swimming. surfing and sun-baking attrae- lions for 50,000 people who Pocked to one beach in question
at weekends and on holidays,
Protest March
Businesses whose
Cotton trading slowed down considerably toon the needs day with prices turning easier after a firm start.
10
10
Spot the 1st ruled At the close,
Dolber eight points lower to four puluts
December March higher, with the distant October
May delivery showing the gain. The
Juty 10 seven market opened
October higher. New Orleans eksed one
December to 7 lower. Prices rose as much as 60 cents a bale at the out set on routine price fixing but follow-through was no
drifted lower. the Traders appeared to be cautious because of the increased volume
⚫ there
and
of
hedging attracted yesterday
when most deliveries hit new orasousi highs.
The list held close to the pre-
vious
close throughout the rest
of the day as a fair amount of
PRICES
Winnipeg. Aug. 15.
Output Up
Singapore, Aug. 16. Brokers today quoted the ft..lowing stock prices:
Lintang Rubber Co.
Borneo Petruleuma
Smeltors
Bosta
American Metal
American Smelling
Am. Bugar Ref.
American Tel Twi Ainericon Tob.
Anaconda Copper
Armeo Ateel
Armour
Hodwin-Lima-Ham.
Union Pacifle Raway
United Alterati
U... Gypoin
U.8. Line Co.
U.S. Rubber xd
Emelting
U.S. Strel
Woner Bros.
Westinghouse Electric
Woolworth
United Press
NEW YORK OIL AND SEED
New York, Aug. 16. Prices of cottonseed oil futures closed today in cents per Ib. as follows:
Baltimore & Ohio
50
Bendix Aviation Corp
007
Sept.
Benguet Cons...
176
Dei.
1197
Bethlehem Steel
1043%
Dec.
14.00
Boeing Aleplane
5414
Jan.
14.03 -
Borden (The) Co
G
Мат
1461
Burroughs Add Machine
4244
May
Canadian Pacific R.
3310
Jaly
14.38
Opening
Cane 1. 1.) Co.
13
Srol.
Cat. Tractor
91
Sim 212 contracts.
Ltd, Bitch
FL $3
Celanese Corp. ...
134
oil Cercenut
was
quoted at
C. L. T. Financial Corp
Syndicate Comontidated
00/-
Chawe Mechat. Bank
TIA
*lirysler Mctors
201%
ut $132.00
Ged.
28/64
Fraser & Neave Lid, "Ora," "
$1.92
Cilmax Molybdenum
Fraser & Nave 7% cum.
prel
$6.00
Krngkona & Shanghai Banking
Corp,
$300
Harkong Tin Ltd.
$/3d
Kernas Lig.
$1.75
Colgate-Palmolive Co. Commercial Credit Commemyesith Kier. Consolidated Edison Continental Oll of Del. Crane Co
8314
wore:
Hopt.
Dee
Malayan Breweries
$2.87
New Serandah Rubber
Ltd.
Lid.
Luna Rubber Estates Ltd. 0.75
Frankfurt, Aug. 15. Germany's output of Pat
Prices of grain futures closed
West today in cents per bushel as
cars and truck fell off sharply Singapore Cold Storage during lugl month's annual South British Instance
Lid vacations but iciale for the first sets Trading
seven months of the year were 21 per cent higher than for the same period of 1855.
Figures released by the As-
Suramabip United Engineers Ord. Weare Bros.
*Co.
Crown Zellerbach Cuban Amer. Sugar Diamond Alkal
Dow Chemical
$2.35
Dupont de Nemours Kartman Kodak
$1,47 El Paso Rational Gan
Erie Ballrood
833.00 Family Finance Corp. $24.50] Ford Motor
$.3.20
$19.00 General Electric
Central Yosda Gonoral Motor Gen. Pub. Utit, Getty Olt
cumdiy-China Maif Special
sociation of Automobile Mar: New York Sugar
facturers showed t that 622,998,641 Бост had and
trucks produced up to the end of July, or 123,641 more than during the ***
first seven months of 1955, Of thes: 270,914 are exported, er 301 The Canadian Wheat Board 43,840 more than inst
year
follows:
Oats
Oct
$246
gronomy
Dec
79%
had been built over the years of great crowds
May
30%
Rya
Oct.
130%
suw disaster abend.
Dec
13091-2
34.30
33.41
33.30
13.20
Life savers were organised to march through Sydney in pro- lest against a plan to work the eight popular Maroubra beach, miles from Sydney.
May
13435-4
Barley
Oct
1071
Dec.
10315
cars
May
1031
32.84
3.7
From
31.67
the
local
31.05
promised royalties, council envisaged (£80,000 sterling)
Flaxseed
Oct Dec. May
clused to-
one side.
32.70
33.43
The Assistant Under-Secretary for Mines, Mr CS. Mulholland,
announced that to date licences
01.01
to mine had been granted only
$2.29
31.00
for beaches which are not
re-
31.63
garded as holiday resorts,
NEW ORLEANS Prices of futures day_ns_follows:
Spol October December
Judy
March May
Outo ben
December
SAO PAULO closings,
Futures mill price fixing absorbed long per lb. were unavailable today liquidation
profit-taking. -holiday. Hedging continued light.
and
In the US
Traders ore looking around price was 32.99 cents. Sales to-
30115-302
£100,000 maintenance bill but, in face of wheat prices effective tomorrow. 19.8 per cent less than the June opposition, the plan was put on Unlied Press.
figure of 97,811, Exports during the month dropped off 25.3 per cent to 32,386 units. Unite
intake for its yearly beach announced no change in export July production was 78,307, or
It would appear that opposi
London Foreign
Exchange
tion will not change untess pub New York
Brussels
Londen, Aug. 15.
276-3/10-2.78-8/10 27334-2.73-0/16 106415-40.04%
330.20-130.25
-110035-31.70}&
80.15-80,20
1747-174714
08134-902
Press
STRIKE OFF
TODAY
in pence le opinion can be convinced Motrenk
that beach mining can go hand Austentar
Salisbury, Aug. 15. in hand with normal beach uses Frankfurt
The strike of African workers the average spot and that after sand is separated on
in the at
Mine Mufulira from its commercial content it Milon
Rhodesla is expreted Northern Is returned to the besches Paris for fresh incentives. The pro-talled 45,743 bales.
Stockholm
to end tomorrow. 14.6031⁄2-14 405
according to whiter than before rutile
and Zurich
121711-12.1814
mining circles which started on posed 20 cent of parity sup
per
· KABACHI
Others were unchanged. zircon were taken from it, Instead of an CX
The walkout port prices
foreign exchange Monday is the fifth in there are many. New York
· the
Meanwhile prices recovered crop
perity pected 100 per
swere unavailable
called by the Democratic farm plank had long today. In sympathy with higher commercial enterprises operal rates
of stoppages and stronging higher up the coast, sucking United Press. advices oversens been discounted by the trade.
African Mine Workers Union us Certificated stocks of all cotton feelers prevalent in the market up the sand on beaches, bull-
from dozing sand dunds high'
above
a protest against the automatio totalled 4,072 balts, down 12, about duty reduction
commencement
transfer of certain gradies of Valiona Open interest
African workers to monthly 20,200 27,700
next September.
contractsChine ait Special. 47,000 045,0
For
the did crop there was and 20,000 348,000
Jonly a little interest.
#and.
Marth October December 14
Maret
May
October December
Total
cent in
14,200 118,300
0.300 128.500
3,300 80,00 3,100
1,100
New
of new season the waterline to reach mineral
deposits, washing,
Prices closed today in rupees (per maund as follows:
120,000 1.831,000 balen
13. Punjab roller diameter
NEW YORK
the
CHICAGO LARD FUTURES
their Zirconi, #
Chicago, Aug. 15. derivates, and compounds from Prices of land futures closed Australian beaches gairto the today, in centrs per by as fole
2009 Bind rollen sin avation 60/12 United States, United Kingdom, |lows:
2800 Punjab rolne gin, i
Prices of futuros closed to Liverpool prices wwere
'avaliable-United Press.
Western European countries, and October
December
14/12 91/12 Japan,
un- Day and night the eas
amashing against the coast are
US INDUSTRIAL INDEX
L
Market
New York, Aug. 16.
futures World No. 4 sugar
closed unchanged to two points higher with sie sales reportes.
Domestic No. 6 sugar futures closed unchanged to two points
Fales of 235 higher with
con tracis.
futures moved higher Domestic in line with the firmer tone in market, the domestic raw
Mest of the activity, was con- Ained to the September delivery. World futures were dull; Contract No. 4 (world}
8338 33
5.00
Бере
Dot.
Mar. May
July
Sept.
Spot-teents per ib.
fob Cuba) Contract No. 0
Sept.
Nov.
Mar:
July
Spot (cents per lb. Anf;
NY
ted Press,
Exchange
Rates
ineu
Board”
Indos
Siam: Sical Bingapore
·6.00
trus
was done in the local
market the
11% cents per lb. Copra was
per short ton, off
Pacific Coast,
Cocoa prices in cents per io..
Apot Aera
Bahia
Venezuela
United Pre
NAMESAKES
Answers-1 Judges, 2 Books,
3 Author. 4 Sentence, 6 Artist, 49416 Argument, 7 Story, 9 King,
Victorian, 10 Ending.
John Ruskin
242
Let US handle
YOUR PRINTING
Too many proofs mean time wasted. We grasp the point at the onset and
ONE
generally suffices.
PROOF
After that, our upstordate automatic
presses make shore work of the job,
quote for your current
uirements.
SOUTH CHINA MORNING POST. PRINTING DEPT