TRADE
THE CHINA MAIL, THURSDAY, AUGUST 23, 1956.
and
COMMERCE
Japan Increases Export Of
CHICAGO GRAIN! London Stocks!
wrax
MARKET
Chicago. Aug 22
;L་ ་
ד -
To heavy al te alone of
the Board et ad today
Soybea dowed th decline with lose kuj cents per Cardi
1
g
Favourable top news couph with weak edible oily wh
lower KU. 121 spent at Muybran used during July caused the ding
Wheat rerna ered early anaket Fosse on short
subir o al
tubețion
Offset
Wall Street
London, Aug. 22.
An improved Suez out- look
offset Wall Street's Tuesday setback and stocks closed mostly firm the in quiet trading on London Exchange today.
Buying opptured
trinly
In metu...
Motor Vehicles
IMPORTED CARS |
DOWN BY
FIFTY PER CENT
HONGKONG
EXCHANGE STOCK
(From Our Correspondent)
Кений
Busines a dene en the Hong- Exchange This Stock
Makery $206.BOU
Tokyo, Aug. 22. Productivity in the Japanese motor industry is now so high that this year the producing as many diesel- engined buses as does West Germany, and the antening's Dansae- which in 1955 was the world's biggest producer of these vehicles.
brought Tune tous country small kalf1" Assoctul
WIL
adding
about kwa shillings Woodworth pushed ahead.
covering. Mat bert 36s{t{{‚iy" 「 +}
Exporte
that
t
Portugal will portione BKID00 bushels of US what {:1ga-rཎྜཱa!224
market for 2500,000 bastels of the US gan ddon to the 3,000 B0 tel.
bought yesden kas
It'
L
1 wo
no
W
eerst..
een-
Wheat, No. 2. red
T
21
Os turned Brm and not the lealers Bekled a shilling on
Mural >>
M.
ווין י!
nak eta them spo
SMALL GAINS
1: Governments managest
ול
is
ME Use prodne bou 01
J+ inertusung to such 121)
s the extrinae vet.
that mmorta have more than three quarters were 150mm 21,05, in 1954 to
without B 000 to 10,000 | exchange timatel
10 1954 allocati arul 1865 about two-thirds were Carbon 1 monosters Fanwever, i purchased out of foreign hurds
the prestige 4.11 paving one of the plote famous
squats de
Change Pre Sal
་་
IN
od 1 shara hughes
wate
Mal
1
Teva end Juro carly w.
E
A.
201
Carn, Nu.. yellow
』,
15%
Sel
Ch
Jul Ryr
Tre
Postaga bonds weer grunt, we'l Gerk la
Scutered null tale il Gymata b
St
1
Jak w. W
Stee
Vals
Roy brwns, Na,
yellow
S
244, 241
INOV
Jul
A sr
Mes
Barley
New York flour
200 li
24014
4
240.
17 240
$1
Banded Pres WINNIPEG GRAIN PRICES
זין זין
tochy
follows
1'1'
Republic Steel
Expanding
Cleveland, Aug 22
Hepande Sted Cup, dom
UN TĒLOT
further
a
rele
15158
Prestige
Pravate kak
Cat the Endrieja of the A duty of 35 to 40 per cast on
Bu fay Small | levied on posted rats
morbing amounsel fo
Chask
K Whatt
Realty
Антите
+x= Noem quola-
SECTION
INDO-EGYPTIAN
TRADE NOT
AFFECTED
New Delhi, Aug. 22. Britain's restrictions On Egyptian sterling boldings do nol directly afrel trade between India and Egypt, the Mister of Fliance stated in Parlia- ment today.
Ho saiti all payments for Egyptian exports to India are made in Indian rupees, and therefore restrictions on Egypt's sterling holdings should have no diect effect ou trade,
He added the Govern- ment
will tako necessary steps to maintain the flow of trade between the two countries if any difficulties do ari-Unlied Prem,
WORLD RUBBER
Early Wall Street
To
Rally Fails Carry Through
New York, Aug. 22.
Stocks lost another 1 billion of listed value today when an early dull rally failed to carry through.
Americus Always
Todtyle lots, coming on top of ¡Pan veerday'a sharp betak-through Parke Davia Co
| Paramount Pictures and Monday's Jester decline, Penny 3. C. Cu boosted to more than 4 billion Pen Salt Co
(Proder & Gamble Qu
Publicker Industries Pure Ou
in the work's lors in values of Philip Morris all listed shares
The decline today, however, was virtually without pressure
Metal stocks, Tools, vile and adrerafls 154212 declin's
the
Some widy Chemicals held tt Laiks a group
olls, Continental, Jersey Standard and Pexis Co. loss around a point.
Bethlehem Steel lost nearly 2. Inland 2, Jones & Laughlin 44 point and US Steel also a point.
Radio Corporation Itepabile Steed
Sườn on Có
Baint Reg. Pape
Sinclair Oil
Socony Mobili
South Peertu Hiro Sugar Southern Natioma Gos..
[Co
Southera Rollwoo Standard Brands Standard Où of Cui.
| Standard Oil of Ind. Standard Oil of NJ. Seep Rock (Toronto) Studebaker-Packard Corp..
MARKETS Ameri-termus metals, Alcon Swift Co
nearly 2
DIETY 4. AluminumTY
General Motors lost nearly u Chrysler and Ford
Bel
New York, Aug. 22. The No. 1 Ris
rubber point futures contract
today is fretionally.
Of a total 1,101 issues traded. 10 closed
to 25 points 485 were lower. 345 higher. 140, lower 5000..
with sales of 26 Now York Stock Exchange
bond volume was $3,800,000
Ainerwa Stock Exchange volume was 830.000 hares.
closing averages
contracts.
Texas Cv
Railway
Tide Water Asm. Oil Twenty Century Fox Fthe Union Carbide Union Pacific United Aircraft U.S. Oppsum US Line Co U.S. Rubber
.. Sriting
US. Heg Warner Bros
Westinghouse Electri Weal Va. Pulp & Paper .... Woolworth
shares KANKN
By Bellers Sales
te, dapanese | Jugantse Torvigli exchange
for private | allocated
Japanese wheelch the DN
In 1993 Government is bigi
HK Bank INSURANCES Labart SHIPPING
040
*NE
1633
43
1673
500
a on
DIKKS, ET
3124
imparted
furetko
strovale na
JUI
120 14 20
LAND, Ti HK Hot
15 10 15 345
1300 w
15
3:00
12 10
2K h
Stumpliraya N
TIZ
200
07,
An
** kil
1 425 1412
RUBBER
1474
Trust
1435
160
›
sz between 5 am fax
is adeled
UTILITIES
2430
Yamasaki
Light 14
1ENI 2:10 24 78
100 23 90
1425
F
1g1 N 2150 21
11
150 J 120 31
:41 0
221
S
24 RO
10 25
u{ with sales
The rex contract changed
Facks points lower | 65
Contracts, 40 beds
$401
Teleganti
ONE
Closing prices. No. 1 B
Connor, fukare price index Coman spot price index Molly's tides
100,40
INDUSTRIALS
13
Cazado
ET
13.90 19
125 150 1 Sent 2100 1200 12 12
1000 30 10001590
Repl
19 75
Korngland oṁelai
Dev
Standaru contract
Allled Mille de
133
34 50
Allis Chudaners
IR
Der
3 ไป
South Africa
American Cable de Radio Corp
Mar
Americon Cyouumide Co
Argentina Peru
MAY
310 34
Amer, & Fogn Power
INVESTMENTS Yangtze
4 13
BG0
Jak
21 35
Am Mach & dry
Sup!
2013
American Metal
Rex contract
American melting
Sept
30 10
33 00
12 KU
kopingmodity
!
tel 50 per cent. Expanding In the Better quality ranges Se sill more than
Belpang "Besigh rai
m tatufactures To heres se ploe competitive will: lands and frecat pleas
No Difficulty
Actufen Jukes-
That They
have
T
է՝ 11 7 4.
cffiendly ente esprit E. Flerat with every sabesquent price The doreste maiket opens poletitial
Japatiese ran are s prued
4.p CANAAN
um Helch it is koja ka
W
an $8,000,000 pangaktime to hrs stea filamum afung, pleasing Pater reds bedween 1105. forging And lation atory Facilities al Cinton and Massilan,
Wipeg. Aug 29
Kiwa Juture, cluse.i 4 avuls
Chi Five bushel as
Oats
4x4
D
Mus
101
Hyr
Dru
Mas Barley
Out
De
Muy
Flaxseed
Chri
The
131:03
Wheal.
No
Ni.
5
146
P
133'-*.
100
01
tul
3204
2017
21001
2. 181 eat;
cooby-United
Titanion production will Haters The rasoil to about 12,000,000 th
The avour of ingola and alloys, present production is not given
The Bruce flauon prosticts incluck
wire,
Last year the commilly's inlor produeve a total of muiustry 399,272 wks wind exports to South East And, South Amerlek Bath Middle East were vahed *1 12.000.000 dollars £4,000,000
this Dudog
unkn
Government initiaters.
heal and businessmeis stelephone
annually forging
ballots, plates, sheets and stripe The programine, already ne prs=
IN xvid fo
plete by the autumn
falities Mater
三}{'
اوه
year
were
CUNY
E
DAMA
Corp
The slutstard contract etuseil Lu 40 potrits 35
Jaunts higher wer with sales at one com- trar.
NOV
Titanium
J
Mur
Mur
July
Forgings De-scaling
Sept
Futures
definite
ان
Dow Jones
were:
30 d
Zu Inila closed 10-115 wffitier
Closing Prices
Am Sugar tot American Tel & Tel Aunertcart Tob "23"
31 80-10 Anaconda Copper
30 0
Armed Steel
Armour
Darwin-Limw-ktuari Baltimore & Ohio
177.03
4072
United Prym
New York Foreign Exchange
in Uruguay
100
New York, Aug. 23.
30-day futures
$1.02
wo-day futures 2.77-1/10
2.301 2,77-19/10
2.7794
.0334
03335
24374
-United ProLE.
London Foreign
Montical
Exchange
20 !!
182%
00
487%
New York
lacked
Bandia Aviation Corp Benguet Cona. Bethlehem Steel
100
4112
60
trading
Speculative pallem terest and the trade operated
pmind.
Boeing Alt p'ane Borden The Co
Canadian Pacific R.
ruugin Add Machine
1) Co.
Cane Cat Tractor Celanese Corp.
CI. T. Financial Corn
tinas Molybdenum
plete the preslage of rkbong s
Only +31 foreign
Mr Mannen Prign Munster. Shigeilsu, makes a pracite of STORES asing a Japanese car.
The
unli vor is popular, even 15'at+oti essential, in Japan because of COTTONS
atul streets, Textile HAFTOW Fouls and the high tot of petrol, Bo
cent of which is imported 1 ‛ 1
To vel the peculiar needs with or wall industry and farms in industry has head of the same | Japan the motor
All four-
three-wheeled truck evolved! +1 2800 and with an on-led engine which to 1700 telog and Larger ve ia
now or fad. 1. 、, 1 {K}
dive and maintain, ceotiomigal
ส and capable of getting in ook of confined spaces. these Very Irw of
three.
cautiously either way, keeping A the Surt news, 01 wary eye wheelers are exported withough Some 89.000
produce are
Detroit, Aug. 22 Shipment offering from the East were extra-plentiful, but brokers Titanium forgings us well us to buskla Phons
Japanese other for med
How parls are
sud the prices were "too rich". people's ears are not very well
through de-seated being
tepping buyers Ideas here to have ivaneed There
beer molten-sall-bath proves,
Autelpaling the domestle Chrysler Motors Leveral attempts but only small,
to Kolene Corporation
| Colgate-Palmolive Co two
possibly consolidated Edi report, rather high priced
Well known throughout the consumption vehicles buve
aleas cry-Cantinental Oil of Del dealers' Isivel
industry and among metal
of Crown Zellerbaço Ogure produced so far.
st, Hard around fubalcators generally, the com-
Cuban Amer pany's process has been adapted 100,000 tons, or 10,000 tons off from Jun The expected pro- for tam probeer
that cleaned portion was 60,000 synthelle and is claimed The specifications which titanium aircraft torgings showed 40.000 uns of natural. Japanese car dealers say want that metal loss is reduced to nu
17200 In any design for 21 absolute minimum, there is no a result of the bath Aetching as
The market was quiet bul "people's car for Japan are A price ul £250
Herling: and there is no hydrogen plek- steady with sellers reserved. Getty O
100p, even when immersion is for
There was again support from Goodyear Tire kilometres (62 imites) per hour lon Jeriods ul lime. The
the Trace but mainly for lower Heyden Chenstgal 14 erusing speed of
tenacious settle build-up [11
grades, There was Mamme trade Ingersoll-Rand kilometres (37 miles) per hour; ranium foigligs is sald in be
buying after the ekse 20 petrol consumption of 30
removed in a brief Kolene treni-
Futur closings were China Mull Special. ment
1 rubber kilometres to the litre (84 intles per gallon); an initial service
September frer
run of 100,000 kilometres |
four- ȍ} 62.000 miles):
With the cheapest motie) al
senger capacity.
the market selling present on for £650 (sterling) motoring
Com
11
1957
a ducke 12 meling furtas
11.335 private Juthand and Japanese manu- here said that they facturer. aucted
were compoent tit production could be doubiess next your
Forecast
within They
That Two Japatur year would be prorinetd at a "highly competitiven pater,
The programme is covered in
f
ir fugte part by a certificat teruity granted by the caftien of DefencAS Mubilliardjon. IMIT.
mutting evleruted depreciation of
the
ZM-W
Mail Spremal
New York
Futures
facilities
Chifo
Cotton Gain
New York, Aug. 22.
Cotton futures today took an upward turn-
***
Some Modern
cars
13X12
Thr 100,000 work?Ts in the molo industry are poorly part by western standards. The
wage is about $20 and average
Four "big" Merting a month companies pay their workers an
sterling average uf £23 much and add a summer bonus
of £30.
Sumne
ہیں
motor
Japan's factories are very modern but others, particularly the smaller enterprises which are unable to fick modernisa
with anti- Die working
Little Hope
speed
bun
Loving to
Exchange Rates
about scoring gains approaching $2 a bale, with the quoted equipment and relying here for baything like Sterling after a fer fur forward deliveries setting the pace,
Di furred months тездет tol Del semoral light on more
cealings, featuring speculative intes :: And trudu buying le face of light offerings.
Ibr
14
22,710
31.00 1,344.900 bls' NEW YORK
Betive Total
Priers of Tutures closed today
follows.
Spot
Finishing of rally the Bl
Opening
Orleans closexi un 110 35 points.
on low labour costs to keep the Sual prices duyn,
The Tapi rest Japanese home production, the amber of imported vehicles 10 decline. Before has begun The war Japen imported almost all the private cars required in thee country.
1930 imported pars reached
a record manber of 23,000. The 3231-40nly people who used the then inferior Japanese models. worr the military, who did so for
vance reliveted influence of the Prices of futures closed today patriotic and "security" reasons,
34 36m
33 36
sewed net pain
of 3 to 38
120
33 52
point.
prices ruled
Mus
40
CIT
3 14+ Up 4
points. New
May
Jedy
Ovi
31.70
De
03 77
Technicians thought the ad
NEW ORLEANS
aoil baik, programme
on next
us follows:
plus
Sput
price
Oct
17ec
Mar
May
July
Oct
Dec
political sup- uneasiness drought-deteriora-
year's crop, premises for farmu pants, and growing over recent tion reports affecting the current crop. With the prospect of re- duced production, mathematio- *ins started to evaluate the - possible supply picture for next
yeur.
Since the war the number of imported curs, mainly from the the Weal
To European countries, rose
United States andi
12.75
33.44
33,04
|peak of 21.05 In 1854.
32.30-40
317%
ported cars dropped to 14.117
31.70
LIVERPOOL Futures closings, in pence per b. were as follows: Old contract Oct/Nov Dec/Jon. Mar/Apr.
Nearby deliveries responded to the determined strength,
light Now contract unexpectedly plus Art volume of hedge-selling despite
May/June July/Aug. Od./Nov.
Dec./Jon
Mar/Apr
the gradual expansion in gin-
May/June
Bing operators.
Technicians
been holding back marketings
July/Aug. KARACHI
Last year the number of im
base! this year it is estimated
hope
people's car insmeditate Sproi:1.
ដរ
in
Buties WBN done
inat kel exchange un Betal nurbing at the following ruİSA
uper Ch In Jupin In The Australiun mutes ther
facturenina ruptal 15er 100) future -China Masum Deal per 100,
Singapore (Stroka)
Has
Argentina
Tough Time
Nit
Dejoties
November
SINGAPORE
Dow Chemicala
Sugar Diamond Alkal Txdi
Dupont de Nemmurs indi
Eastman Kodak
El Pani Nakkunai Cian Ente altrond
General Electric
General Foods
General Motors
Glidden Du.
Amsterdam Brussel
Copenhagen
Frankfurt
Milan
41 PAYIN
134
15
114
Stockholm
Lond. 32.
2.13-2.73 10.0313-30.045 139.00-130.00 19.34-19.347, 11.0744-11.874. 1730-1740
080 14.40-1440 United Press.
NEW YORK METAL
FUTURES
New York. Aug. 22. Prices of metal futures closed today us follows in cents per lb.
07
5.21
1283
39
58%
as follows:
715
Larut
Avg.
14.030
2001
Heal
14.96b
Tira
Aug.
04.50%
351%
207% 21
Sept.
08.00b
AUR
13.076
01
Sept
11.056
49
437%
Copper Aug.
37.65b
Sept
27.000
30
37!
United Press.
7715
#1
57
Int'l Business Machinies Int'l Harvester
ADO
37A
Internettuna Nicke
103)
Ib
a-90 8-984 inquoted
International Paper
128
Int'l Tel & To
John-Manville Cu
follows:
Kansas C. Power & Ligdzk
42
buyera nellers
1951-004 12--03 11-05
Kennecott Copper
135
Tin spod
707
Liggett Meyers Tob Cu
003-month
161
7041
Lockheed Aircraf
473% Copper spol
20715 200
77-79 117-119
Loews Incorp
3-ninth
20735
200
Lead 2nd half Aug. Nov
11415
114%
1132 1134
943
*31
93
No. 2 rubber per i Sept No 3 rubber jer ih Sepl No 4 rubber per Ib Seja Jocal Spot sutiber unbaled
Ul Blanket e}]}*
No 1 pole čepe
15 B5
12:00
טון 10
| Intergiberical Corp.
41%
LONDON METAL
PRICES
London, Aug. 22
Prices of metals closed today
sterling
per long ton 常
Lone Star Coment Co Lowenstein 4 Suna Messabi' Iron Curp Mansanto' Chemical Co Montgomery Ward Motorola inte
National Cash Reg "A National Dairy Prod
National Lod
National Steel Corp Ne$}
New York Central
6911 Zume 2nd half Aug.
NUY.
United PreR.
NAMESAKES
Answerg-1 Jall, 2 Progress,
3 Hopeful, 4 Despen: 5 Doubt- ng. Faithful, 7 Christian. 8 Vanity, Allegory. 10 Dungeon.
John Bunyan.
LONDON
1,40
The market
was quiet today.
1.nz. Prices
No spol
20-29
Settlement house term
Sept
2874-291
Det./Dec
20% -683-
Jan/Mar
2724-2776
Olin Matit@NGH
Apr/June
21-2712
July/Sept
27-274
Owen Juroli Gloss
General Bourket, of basin, port: Aug.
Olis Elevatora
Pacific, Gas & Elec.
20-203
Sept.
Estale crepe thin Sept
Finding
Thick Sept AMSTERDAM
2014-2014 2815-201 3946 unquoted
Dollars
was quiet. quotations.United
No
Washington, Aug. 22.
The market
in change Press
Let US handle
Argentina's current search for dollar loans and New York Sugar YOUR PRINTING
that only between 0000 and investments is encountering "pretty tough going,"
10,000 will be imported,
24 70
21 111
Assemblies
24.3
Since 1053
24.20
24,10
according to usually reliable sources here.
Market
New York, Aug. 22. The financial mission which prime reason for the prolonged
that World No 4 sugar futures to- came to Washington toward the talks with this bank is
of day closed 1 point higher to 1 Inercasing end of June has been conduct- Argentina is neutely short
Bales of 219 to repay point lower with which 24.70
the dollars with number of imported cars haveing protracted falks with
contracts. $4.50
in been
Jupun, United sembled"
Stalcs Export-Import any such loan, they say, 21.40
The
Bank, Domestic No 6 sugar futures Export-Import 21.30 About half the total number of Bank, so far without result. It
borrowers closed f point lower with sales 24.30 foreign cars last year were has also
New York which requires its tried the 54.25 nssembled here. Most of them money market, where it is re- to pay back loans
In dollars, of 177 contracts.
Scattered trade solling and were British and French The market was erratic today vehicles.
a total would probably for this reason ported to have drawn
in both contracts in face of the price guarantee:
blatik.
prefer to confine its leading to liquidation offered through the loan pro-in view of the announcement
as reflected the softening tenden- Servicemen stalloned in A loan from the
dolla-short country such Interna by Government about the
investments Incles In the raw market, traders Japan buy a large proportion of tional Bank is out of the ques- Argentina to gramme.
Covering in October by the export duty adjustments.
and commission housec
supposed some producers have Egypilan Koreak Nov. Des
As for
the local by Be.. In. 1952 and that, under its normal ever, believe that.
theyr The announcement said duly the signing of the Japanese is not yet formally a member earn dollar exchange.
Imported cars. Before lon fer the present. Argentina export industries which would thought.
Contract No. 4 (world) lirted the spot month well be on staple cattons will be lower- peace treaty in 1952 almost all and sources close to the Bank Financial circles here, how- Oct
to Imported yond the 33-cent line, and to ed by 20 rupees per bale
Argentina's care were purchased within striking distance of cotton, the duty will be raised 1953
rupees 116.
operating procedures, the Bank search for foreign investment gecounted for resistance
33,00 point
of encountered a week ago.
by 20 rupees to 30 rupees per more than 20 per cent of im- would have to undertake ex is primarily in order to finance
denalve on-the-spot studies,
a much-needed, rejuvenation ported cars, but with the ty Argentina's credit poslika and of the Argentino Open October contracts today halo,
railway sy9. totailed 241,700 bakes, The Prices in rute pet mand creasing prosperity, and ping in planned "conomie projects be lem, and similar capital Im
economy, corticated stock remained at closed as follows
1954 and 1055 the number fore any money could be forth-provements, such projects; how- 3,083 balos,
purchased by parvicchon toll tochefore the intasion's only dollars to repay loans. Bence coming from that EQUECO,Over necessary, did not produce Bonth
10 per cent of the total.
Similarly, the Bumber of cars hope at present is the Exporte, The Hough: going" "in" the cur" Into Japan by Import Bank, according tbrent talles, they said.-China
without foreigners
using | faláncfal - circios - here, a The Mail' Special.
Dec.
Mar
Lof
4 Punjab roller in 80/1
· Vallume Open interest
289 Bing roller, gläse
1,200 41,200
329 Punjab roller gin
1612,300
$81,000
Sao Paulo collon prices were imported
|szunyaflubße -Uplied" "Prées,
1100
3,700
2,100
4,300
180, 500
120,200
9400
Too many proofs mean time, wasted,. We grasp the point at the onset and ONE PROOF generally suffices, After that, our unscordate automatic proses make short work of the job.
Lot as quote - for your current
requirements.
Sept.
Mar
May
July
1. Bapt.
Spot-cente per lb (ob
cubat
Contract No, G Sept. Nov. Mar
3.32
4.47
5.57
5.40
May
Juty
3.53
Bent.
Bpoteeni per lb, et
For printing of
SOUTH CHINA MORNING POST PRINTING DEPT.
every description Telephoner
20002