TRADE
THE CHINA MAIL, TUESDAY, SEPTEMBER 4, 1956.
and
COMMERCE
Expansion Immobility Of Labour In Democracies
Programme May Be
Delayed
Washington, Sept. 3.
Business may be forced
to delay part of a record, $35 billion expansion pro-
until next gramme
year because of the recent steel and shortages of critical items,
gov-
strike
nome
ernment
sources naid to-
SOLUTION COULD
ASSIST IN
UK ECONOMY
From AN ECONOMIC CORRESPONDENT
London, Sept. 3. Economic pundits have a They also mail the fight inuty investing certain phrases with
of the sacrosanct.
day.
tuppy my mrke to
dely
1 |
it IITY
**
* 1957 They they d metre higher Interest rates as amme utiblock to inusinpas
NE TINTO! ya'
Min Commerce Department
7530 Steunifam util Exchange
Coronerskyn now
1
value
mping
24)
*W factories.
June, ofther stores arath then fits of era fumidors 1. up" from July
fo that anor 1 construction was al no ก. rate of $44 billion despite the cutback in private home tanich -
Government experts al fow
do not ex[{ businessin in to scale down their plans in W they would like to spend ha new plait and expponent me the
hd quarter de galtes aber lagre. Jugher
ight cory
22 J
DIFFICULTY
Justerial
But they said that when final
F
Li third and furth quarter of the year, they may shera that BIMA – neg will have difßeulty makin grod on its expansion plusie
Onerer said this may have the effect of "pushing
available for the
i)
yem
LATE
WORLD RUBBER
Dull Trading MARKETS
On London Markets
London, Sept. 3. The rubber market was fully attudy with sp quoted t 28-3/10 pence per b. Price:: No. 1 R spat
Settlement house ferm.
Del,
Nov London, Sept. 3. Stocks eased slightly on
2844-22
2014-201 2016-2012
General markets, cif baals, ports
277% 2841
Vel/Dee
201-26.
Jan/Mar.
way
an
of
air
The
decline froin Beglect
the London Exchange today in a dull trading.
stemmed
than sciling
Aprune
2-201
morr
Sept 01 Nov
Estate evežje Sept
pressure Voluine
light
thin tick AMSTERDAM The market WAN
274-275% 279-271 27-27 341
!!!*1*1
WDS
, again today as trucers held to sidents pending further
the
steady.
developments in the Suez Canal Prices closed today in guilders
dispute
British Government bonds finished luwer despite a late
They dangle the current favourite in front of our noses like a bunch of carrots and imply all we have to do is to strive towards this goal and
we shall pass rally. War Loan 345 fell another milestone on the highway to! economic Utopia.
Save
Al prevent
the biggest. Meet the currets clearis labeled mobility of fabou "
Le ali Dest pharm Desnome puredila it has a fine sang to it and it was inspanne
In brief what it meats that Je Simh who for the past Hi vrees has been fumtog ball- 21 in automable Pattery bald, the pattern of the nation's to my Minges, be progett 44401
ma buffs Ppurot j wcaving to s
Ready
Cart
And Willing
Ju Now as a statistical unit Singh slead be ready and will- ag dip his spanises and ples ap hit bobbins if the country is to cantams the right soil of plus ime duction and full emplesment
But the tappy fact sun Happy
enomies that Jve Smilies of the demencies a regrettable short.
when it 4
stalis-
i nes
tight
supply
The
result is th
while in some imp slant t-h andher 1:10 There are jobs crying out to be filled workin the currently unhappy mal bale Justi are desperately tying to
cling their old juni,
there
Text-
1st l
and "Daltons" lost £Y.
Ind
per kilogram. cif Sept lows:
Nobber
No 2 rubber No 3 rubber No 1 stepe
fol-
254 bavera! Bu buyers 35 %
Industrial stocks showed
SINGAPORE numerous small losses. Imperial The market was quiet in the Chemicals dritted lower, closing morning with prices declined o down sixpence, Imperial Tobaced little. Later in the day due to slipped ninepence
Rolls. quidation by the Federation Royce I shilling threepence,
prices droppad Two ceats small pound. Futures Steels managed I w
Not rubber per It Sept gains in the strength of agend earnings report by Hindeld.
Nav Gold share did 'ttle. Base rubber per i Sept
Vi: 7 metals moved lower, mainly re
No 4
No
Is me than just feetark the userom Suez output rubber unbaled
1 hind trodk rehatan, e to be m
lok. British Petrotein fell 2 Blanket crepe
1 puude crep shillings 4% raw the lat
LLET pener. Shell Burmah lost there than 1 pluft- leg each.--- United Press.
L
"mobilly .: tabase" implic.
il ,
warung
with industry US Merchant
Used Casely, as it tie, often e.
That suitable 1 b for the workri who has become
¡No nereply celal jobs.
Just unfall ones
But the esot be guaranteed.
No Guarantee
k
The worker all viderat ca apert
ethet
These
experts singl that the shai, dimmund for material during sightedness most of the year was aggravated' regard og themselves by the steef shutdown with the teal units.
all that certain critical items i
The chances are they married are in very
another statistical unit and bred Other
a pustponement of some unit.
a number
Statistical They
have expansion plans, they said, aro
doubtless, after much sending higher prices and delayed de-
around. found a unit of accommodation liveries Unlied Press.
and may even be paying off the
merge cn it
which factors
London Lead
ITION
small
They are presumptuous cren. tures-inclined to b and behave like human treings
ان الف)
be
SECTION
Calcutta Tea
Auctions
Calcutta, Sept. 3.
Today's external sale 40.000 packages.
WAR
There
was a fair demand and I weakened * the
WATC
progressed. Bright Liquoring C.T.C. offerings
well supported. Medium Annam Brokens was fairly well supported. Whole leave grades wan some two annas lower and market was irregular with Darjeeling teas meet-
tercased demand. United Press.
Ing
HONGKONG
STOCK EXCHANGE
(From Our Correspondent)
Business done on the Hong- kong Stock Exchange this morn ing amounted to approximately $360,000. Noon quotations and The morning's transactions:
Buyers BeBeis
Mules
Uct
134 43
sanquoted
01-02
IMI-RI
87-83
03-932. 74-50
Mharra
BANKS IK Bank Kest chal INSURANCES Elet 'Lombard
SHIPPING Wat
1930 230
1040
LIKNI
40
10) 23
145-117
Wheekick
20
8 63
United Press
DOCKS, ETU
Ep
链
+)
1300
14 1500 13 po
East German Trade With
Ship Building Egypt & China
Programme
Berlin, Sept. 3 Esal Germ Foreign Trade Minister Henrich Bau sa today A government official said. East Germany has stepped up
Los Angeles, Sept. 3.
K Whart Duch Jtrov
'LAND, ETC.
KK Hotel HX Laund
Humphreys Realty
RUBBER
Amal Trust
UTILITIES Tram XD Star Ferry Young'i
15 20 15 40
07
2010
+75
C. Light (0) 2420 24.30
her pestkan he will not bes19; today the United States will rude with India and Egypt by C. Light
coming
* Page
Political Confusion Dampens Tokyo Market Operators
Tokyo, Sept. 3.
The growing domestic political confusion to- ward Japan's peace negotiations with Russia turn- ed operators on the Tokyo Stock Exchange hesi- tant last week.
اد
suspended Moscow one.
Operators felt positive buy, Lan so stumped to 190 on- ing on the market
was Im other new jow. possible pending the return
The speculative slump put a Foreign Master Mr Shigemitsu | camper in the gineral market
ane! his detalle 1
Heavy inluvirles continued to to the Governant ant Increase their capital. They in- cluder Yuwata Steel Works. Fuji Iron
Bleet, Tokyo Shibaur Electric and Kurashiki
troni
the
peace talks
nation.
report
confusion and The political resulting note of cnution in the market wou Increased by US: Rayon. Secretary of State John Foster Dulles confirmation that 2 had fold Mr Shigemitsu In London the US could claim Okinawa permanently it Jupmi recognised Russin's claim to the disputed south Kurlle Islands.
Average Fell
The Dow Jones average fo below the 500 yeu level fr the Brit time since the latter part of July. It opened Monday at 501.30 yen continued to drop and closed at 492.92 on Saturday. down 10.42 yen from the pre-
virus week-end.
The unstable political climate was reflected in the movement of speculative,, Helwa Real Estate went down lo The 320 from the yen levri
4
on
Gilts Popular
These
Higher graders were bought capital increase innouncements hul prices changed ittle because the announcements were expected,
Trend of investment turned to a strictly selective basis, Gil- edged were therefore popular.
Ajinomoto closed for the at 201 you, down 2 yen week.--
wed's
frem the previous United Press,
NAMESAKES
Answers:-- 1 Chapter, 2 Noveis, preceding 3 Reform, 4 Jopes, & Sophie, đ Tokyo Marine and Andrews, 7 Fielding, 8 Picare- Fire Insurance slackened to 183 #glie.
344 yen
yen, a new low and Mitsubishi Tom Jones.
P.O BIELA
COMPANIES
147!
150
5000 150
1 60
23,29 23:30 2350 | 23.30
139 Ito 12 1300
1800 24 20
IN
more than 200 per cent úver last yeer in the fhm half of 1950.
Electrk:
213
Telephon
(0) 24.30 23.10 1900 N 24.30 (N: 23,00
300 i 20.30
PENINSULAR & ORIENTAL 5.N. CO.
34
J7 130
000 w 2000
3944
1 65
ETC.
Daity
16.00
.
10
100 15.00
Wales Laive Craw Email 3. H
12.80
29 00
IDG
Mr Ratt said trade with India rose to 202 per cent over last Nanyang year's trade In the first slx months of this year. Trade with INVESTMENTS
COITUNS
Textiles
420
740
A 10
Mr Rau's statement, made in in
an editorial in the officlat Com-¦ INDUSTRIALS 12-month munist paper "Neues Deutch- Kamen
land."
Metri I comeides with today's
that cure Saying abaud --i
11:44" undead of "mobile. Or ta
pui 14 bluntiv Jur engage in ง $605,000,000 employed
At the same time there any conversion
merchant ship building and guarantee that even if suitably
programme placed he will aut become more
the mobile" again.
period. Se he tries to dig in whete le This would match a billion opening of the Leipzig contumer: STORIS,
| prograrnme put through during foods fair where more than 20 This esence by the portion the 1950 of many of Brain's au mobile ended June 30.
Ascul year period countries frum East and West
will offer national products. workeus.
Why are they in this The official, Edward D. Run- position They thueler. jurtly to blame.
are son, general
the counsel of Their el Maritime Administration and lo Free that higher wages Jur Federal Mariume Board, said Lacking Shylock's articulate them meant higher prices fr the new programme gives " Egypt even rose to 237 per cent Allied London, Sejst
iness in protecting their humanity British automobiles in a hardly
vt ysurance My tend
competitive to entroirh The yo Morning prices of copper, beaut
competitive
in the same period, he said. He American merchant marine." and his closed in stering per having to be an "mobile
selves against the prospect
of yan
failed, however, to give absolute And fix for The blame mud alry be
Long range plans are to place figures for the Fast zone export at least 20 new cargo ship orders and the entrenching tool they use not shured by the Chancellor of the
Import business framic- American yards each year for tons. Exchequer whose credit zuuccze The next 15 years, he added.
He said
East Germany is Mr RanscRI spoke before the concentrating its foreign trade Machant Marine Committee of on India, Egypt, Syria and other the American Legion.
Near East countries as well as He said "the day is not for South America-United Press.
when the United States WELL have The Bryt nuclear powered merchant vetan. —United Pres,
And Copper
sig too ar
followar
Copper
Settlemon!
Tutnover
Lend ist half Sout
buyes eller the trade ut. 2
304
103
380
201
30+
30 to
110
114'
114
D
0034
Afternoon prices were as follows
Lead but half Dec
Zone 2nd half Boot
Zine 2nd half Dec.
Cupper apot
buvers Mellers
304
703
S-month
300
Land Lo
hase
Sept
(10
રમાં
Int h
Dec Sept
Zł
J-4
ו-75
HIC
11424
恻
{
United Press
KE
Dig In
Thus that they dis in on indeferable paritions at the time when rennontists and in fan are thee latter most ab-
jective spectators-can ave
cartand Barket
imroreign
Hockey contritustesi,
car sales in the home and by inary of ranulacturers wàKuro
altitude Bwards foreign competition. pari.cularly German, has ben "
strichliko,
The while process is known that | weatly as "pricing oneself
or their own eventual good and) of the market.”
for the ectomic health of the community they should be pre-i pared to change jobs.
Indonesia Introduces
Complex Import, Export Regulations
Djakarta, Sept. 3.
A complex new series of import, export regu- lations came into effect today.
The
effect
ty
Warning
12 #
ship on the LONDON PEPPER
Exchange Rates
ww
this
MARKET
was
Less Use Of Escape Clause
PASSENGER/FREIGHT SERVICE
Outwards
"CORFU" "CARTHAGE" **CHUSAN**
"CANTON"
Leaves London
Badled
Due Rongkong 17th September
100% October
September *7th October
10th October
13th September
28th
121 November
Via Southampton, Port Bald, Aden, Bombay, Columbo,
Penang & Singapore.
Leaves Hongkong Dua Lendom
2 Septober Stud Optober
October
19th November
87th November
Homewarda "CORFU" "CARTHAGE" IPLI "CHUBAN”
21a detober "CANTON"
Via
Bingapore,
"SUNDA"
of
Washington, Sept. 3. Official Turiff Commission data released today showed
decline in demands United States industries for use of the "escape clause” to obtain higher tariffs
Londen, Sept. 3. The pepper market was This you might think would be
the loend steady; Hudner was done in
White, Sarawak. read as a sluttry warning by
exchange market
quoted at 2s 6d, sellers; Black morning at the collowing rates therectors of industry
Not
U.S. dollar per $1
03 Sarawak special, war at is Bd. apparently. For the ship-Sterling notes (por 21) 15.00 sellers, Black Malabar, Septem- against imported goods.
13.43ber, was quoted 242 per cwt; 27.40 while October was at 230s 66 per
cwt-United Press.
1 bruliding
stuping ustry is to all intents Austrailen natos (per &1)
towards the same end.
Welders
lodonesian rupiah (per 100) Slam tool (per 100)
in the shipyards of Singapore (Straits)
the Clyde and
cradles of they and best ships,
tho Tyne once
world's
rld's biggest
Istike action (0,000 wening
and
out).
apprent.ces are niready They are seeking a guaranteed minimum wage. Their employers rejected this and offered an in- vestigation of the present preve- work (that is "payment by re- sults") structure.
The economists by and large sgem to be rallying to the banor of the employers who claim that guaranteed minima such as sug- gested by the workers would national markets,
the Inter lift them badly in
The flood of shipbuilding orders to Germany The result would be that the and Japon lends Exporter would now benefit at argument. the experee of the Government
to change would be to boost the value of clasification of imports from exchange certificates which last four groups Into
with week were quoted at 183 per consequent revision of "extra" cent of their face value. lavics which range from nought
nine
to 400 per cent of the goods'
rupiah value.
At the same time the nature
of foreign exchange certificates which the Goverment decided
exportcra
bren changed.
Luxury Goods
}
The division of imported goods into
tne entegories
was
has
Nimely per cent of Indonesia's Imports fall under the category
of goods imported with "com=
And
force to this
The Price
So there
increase export production fall solved this question: What price
are
in the lower levy categories.
Wool
10.30
1.63
Representatives
Meet Tomorrow
Washington, Sept. 3.
This
contrasted with the situation two or more years agʊ when such industries as the bicycle and watch manufacturers won higher import protection and thus aroused widespread public interest, particularly In other nations which feared the US was bent on a new high terift era.
In contrast recently there were pending in Congress or before the Tarift Commission 30 or more demands for higher tariffs or quota protection.
In contrast the calendar of
November and December showed
Representatives of the wool producers, the Tarif Commission just handlers and processors will meet here on Wednes-ued for September, October, day to discuss what figure should be set as the 80-only six public hearings of this called wool incentive price for the 1957 marketing type scheduled,
Some of these concerned products which are year which begins on April 1.
minor when measured in terms of value of Imports in relation to US import trade generally.- United Press.
is
Carpet Wool
Production
The incentive price, called was able to sell he was at up for in a law passed by Congress to 48 or 30 cents a pound. At the same time it is very to issue one month ago as signed to reduce levy on some human of the
| two years ago, is set yearly as The subsidy. therefore, welders to want ductruents to
Д price determined by the latended to act as an incentive consumer goods, raw materials the security of guaranteed Agriculture Department, in con- for producing higher quality and capital goods to protect wage packet. After all most saltation homo
assist other peoplo in the country have the wool trade, to be a fair
with representatives wool Industry
The formula, for determining it-including economists. agricultural ostates,
Fortilleur and other aids to
remains to be te price for good quality shern the actual payments, based on
wool.
the rallo of the average market the ordinary
Last year and in the current price to the incentive price, peopic of At the same time such pro- Britain, the statistical
your the incentive price was 62 | Demains the same each year by unita,
centa ducts as textiles and four have prepared to pay for overall a pound. The average law. The incentive price, how- "higher national prosperity? - London price received by farmers last ever, is set anew each year by
Washington, Sapk: 3. year Express Service.
was 12.8 cents a pound, the "Agriculture Secretary,
Both production. and Thls
For both yests the law assumption of carpet wool-con- average price being s 44,9 per omt of the incentive been in operation the price hus tinued to ries
during
1006 been set at 62 cents a pound... price, therefore, wool growers
and. :world produziton for this It is understood however, received cheques from the Gov-lint, there is more than normai fà & cxtlemafod 'at 1,810,000,000 crnment amounting to 44.9 period out this year for a 2.5 to 2the US Department of cent of the price they actually cents a pound increase in the
12 Aviculture mild today. .../ received for · their
orice, od the growers, case will
The United
the United be presented of
Western Europe and Wednesday's meeting, Pave a
conilnue the
Woof #LL experted to be à
men foreign exchange" allocated
et the official exchange rate. been moved into the
They come under the category levy"" groups.
of goods imported with foreign
exchanga certificates. These are
luxury end super luxury goods
Principal Export
Auch as cars, refrigorators and In the cise of radios.
an
London Foreign Exchange
London, Sept. 3..
S78-8/10
12.15-12.18
United
textiles and |flour, levy tids increased, from Within the past month, im-60 to 70 per cent, porters had not only bid for The Government also certificates but also pay to gove nounced
today that export erament ruplabs equivalent at premium on rubber, Indonesia's the official rate to the value of principal exporty was reduced Closing rates were:
fram eight to five per cent of Montreal imported goods,
New York Now this "extra transfer tax for value for processed rubber kfurt wen had been removed But business- and from three to two per cent Zurich
today that effect for unsmoked sheets-Reuter. gald
Others
Higher Quality
year
Recording to
Con=
Feacting
fmporta various agriculture to the tipited state rowe 24 per the wool bent thưưỡng the BriÉ TIX months.
The grower who could get tong round table disquesion; ale only 39 cents a pound for hittended by
| wool was paid by the Governi umciale as well as
mont at the same rate=44.0" trade representatives,United of 1080 over the corresponding por contins the grower, who Press,
period In 1958 United. Press, T
10th November
17th December
Pinang. Colombo, Bombay, Port Said & London.
FREIGHT SERVICE
loads 12th Sept.
Aden,
HAYTO,
for Singapore, P. Swet- tenham," "Adeb, London, Hamburg, Rot- terdam. Antwerp &
Grangemouth
"SOUDAN"
due 14th Sept.
from UK.
"SINGAPORE”due 29th Sept. from UK.
from UK.
"SOMALI""
du 19th Oct.
"SINGAPORE“loads 23rd Oct, for Singapore, P. Swet-
tenbar, Aden, Haven, London, Hamburg, Rot- terdam, Antwerp & Geen gemouth.
BRITISH INDIA S.N. CO., LTD.
2358 --- A HUNDRED TRAUNS OF SERVICE --- 1348
"SANTHA" due 14th Sept. salie 18th Sept.
"BANGOLA” due 20th Sept. alls 30th Sept.
from Jopen
for Singapore, Pazin, Rangoon de Calcutta
from Calcutta for Japan
P. & 0./8, I. JOINT SERVICE
due 7th Sept.
"FTAURA”
from_Karachi. sails och Sept. for Japet
sup
6th Sapa,
120th Sept.
4
"UMARIA"
die 15th Sept. salis 10th Bept.
from Japan di Kinesisat fer, Bingapore. Padang. Tuticorin & Bombay
from Japan
for singapore," Madres, Cotambq, Karschli Basrah, Khorramsalanar de Kuwai
EASTERN & AUSTRALIAN S.S. CO., LTD.
"EASTERN" loads 5th Sept.
"ARÁFURA” Ane 15th Sept.
for. Labuan Sandakan. Rabent, Brisbane, Bydny. Mullroszynow is a
from Australia
́All, vojska kave; liberty' to 'sath so any porta en es off the route a the roulé ál sailing dra miljo te change de mmandment with or without motiva“-
For futi puclucajere, iruple se
MACKINNON
MACKINZH
HE HAND AND
Tetrahare Ho.. 21: