THE CHINA MAIL, TUESDAY, SEPTEMBER 11, 1956,
TRADE and
COMMERCE
IFC LOGICAL DEVELOPMENT OF
London Stocks
OTHER AGENCIES
Make Late New York Sugar
Recovery
London, Sept 10.
Market
Ne York. Sept. 10. Woah! No G sugar futures tuxlay unchanged to 1
iled qurt
1int higher. Storks recovered from marb- The sw market Ing unenses auch were steryd file Canter
M 2:1 of the activity. in the at the elor of the sesation on
contract domestic the land. Exchange to lay
The tone brightened when it traded in the May delivery Egyptian Premier Nasser pro- ne block. jose new negotiations
Most of th**
Egyptian
known.
414
Wed
Futura Contract No. 4 (world)
24-3
ption threatent
NIK
: # in ruing CATE
NOW AV astel by short rover, suprot nat almost all the des dins, an
thes he sati. !?.
Po as Baby
the oil group
lunchanged.
austant
1
JAVA:1
angel
14
Clot of
with
afterneh
archis fath
Isten vais fractal gain.
Coppers, julmed the
anci finished with Gold shares evances
jetter
If
for wed
W
Dallas strukt
with onbe nadly em 10
cred tegu,
nixed.
till יולי
401
-
11
interest
Foulract No. 5
N.
11.
Y
Exchange Rates
|
HONGKONG
Breaks New
Ground In Method
Of Its Investment
From AN ECONOMIC CORRESPONDENT
London, Sept. 10.
STOCK EXCHANGE
(From Our Correspondent)
Business done on the long- kung Stock Exchange this morning amounted to approxi- malety $410,000. Noon quota- tion: and the morning'a transac- tions:
Shares Bayer Seileta Hales
BANKS
1/2
1035
PANA
The work of the International Finance B Corporation which made its debut lastCES week is a logical development of the efforts | SING that have been made since the war to 18% KS channel funds into countries where they are needed to promote industrialisation.
Kitales
Skip COMPACTOS
A
ERN BROS Li
Business wh CORE LA tar pal het wan
exchoruje ochtag at the talinwing rates.
dar Salag hisiles per
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A tradin moles per 41 Barbestesian cupstate (28 29
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611
1245
12 M
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Securities
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of hire a Pontractual glits
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CILITIES
Trans NU
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SECTION
Page
SYDNEY WOOL New York
York Cotton Futures Sag
PRICES FIRM
Rydney, Sept. 10. Prices were firm at the woel auctions here today.
The better-sly led and Oner
wook soli at д advance of five
per cent with the broader qualities and more averago types Improving by firt to 71% per cent,
Wool agents astributed the advanes 1 Interna- tional
purchasera
But
Come Back
New York, Sept. 10.
&
Colton futures today see-sawed over moderate range while traders analyzed the impact of the Government's September crop estimate.
on
After uncertaintira stem-
a stendy start, prices ming from the Suez søgged sound $1 a bale under Canal, British, Ispanese, and Post-burean quidation. then French buyers were parli- retraged most of the lost ground trade buying attructed by cularly heavy
the desline, fears that presumably on shipments of wool via the
At the eles the 12 rulet up Surs might be interrupted. 2 10 of 11 prints. Opening --United Prets.
prices were up 1 to 10 DOINLA. New Orlente che in i urnes, +18 to eff 16 !!
WORLD RUBBER MARKETS
זייגן
العمال و
Spot
Ort.
Dec.
Mar
May
July
Ort
Dec
NEW ORLEANS
33.66
34.200 4073 33,79
13 13-70
33.19
32 52-53
32.52
Pelter of futures closed today
as follows:
Spot
32.03
October
33.72
December
12.14
Math
May
30 62
19t Wit
July
33 20-21
thri
October
Der Bey
The crop estinale at 13,116 - about 800.000
oco bas
14
down 437,000 pates From Government's August figure und compared with 14,721 000 bale: 1. due, ! last year
LIVERPOOL.
Pate as chung. * 10°C 14°
the fab wore be folk, wa
Tae preti meg wind be! the smallest stor 1950 1 sinlest aere ize shes 1882
Unexpecteilly henry y
New e atyret. Get /Narv
October
Decembe
Morph
July/Aug
LAND
23.25
tan 37
IIK G
300
1.01
Wi
N
NYOK Sept
Dub
Der Jan
29.03
10
Mar Ap
24.00
Joy pipes
20
4.15
AUBER Amalg
143 150
manis wACE
3 1 10 133
136
Chesing pETS WATE
Star Prity
133
121
1300 23 ku
BUD..
stept
32 70 JZ 33
107
** 1.ight (t): 24.01
24 i
2800 – 24 da
face-
C Loghe N
21,
12
20021 5
ACTIE M
107 21 3
Tu X 4tanci clared 10 pomba dower to 15 goats higher
CORETANTS
Agri in state, we d of the Mississijai, parileularly Arizona and Callforan, reelei the
of erop Altel
konstru suffered
moth ole where last result of drought insects,
Ext Morsch
Volume Open interest i
May/June
24.03
July/Aug
2+,00
23.00
Dee/Jmm
20.22
Mar Apr
24,95
May/June
24.6
ITA
24.00
Karud Nov Dec
35.06
6.
Der
13.00 378.90
!
1321 30
Mo
13.300
372,650
SAO PAULO Pature elesings. per kantrom weret
j+1
cruzeiros
pl
at Eletrar
500 180 560 21.00)
31
NA
32
Mos
4,700
unquoted
32 15
Jody
5.700
3263 500
37.00
21
3 RIMI
75 700
30.40
By need
M
31 14
Ber
4,700
85,300
MAN
31,45
7,00
11
เฟ
37.50
ה
'។ [
Ja' d
-
14
NEW YORK
fox paravale
1
',":,『h
Metal
b. Power to 18 point hughe
STORES, KT
1
לא! 1!
Pren, of tulipez coved tedav
Hollows
וי
Page 1 -
Warrin
122000
COTTONS
14
410 MISIPILAN KODS.
.:Vit.
market
IVE EMEST
Trader.
171-
0
FE
-
13 00
1-M4
Nata SIRD
2 444 1825
24 IN 2020
INDUSTRIALS
<omet
N 12:00
10
I WON
140
[EXT
12
MA
--
Sept
In de US
the average spot was unavailulite. Sales totalled 14.807 bules.--United Press.
LATE PROFIT-TAKING
CUTS MOST
WALL STREET STOCKS
New York, Sept. 10.
I
Useful Work
11 1
ה -
mentia rganisat.. left CT The developitsg countries would And themselves with ebreide germ -
For plant.
! systems and up-t སྙན་ kt} services
brat
An attitude of uneasy caution prevailed in stock trading all day dissolving into a run of profit-te taling in the final hour which cut most stocks P down at least fractionally.
Uncertainties over the Surz Canal situation and the absence o: uny
1
טיז
nductive industry,
The Commonwerth i' Maisters were the first t - vegnise
Conference
ן,
וין
21 but as a pyrex martong tc. m2, 1 and
return
approper ate 1 at type 111 R
votion
to frecve
וויון יי: ..
44 .IN
03:1
proper ads | succes will depend
number and suitability of suggestion
pur- ward But this much a certain
Gap Exists
s
A gap exists in the facilities tris need muul de somos Juvadilde for incing projects Ping about At their Landon that fall cut de governmental
1953
dhary gave [responsability yet which are not thur blessing to an organisation | minediately aftructive to private
Comm. two sith known Is the
The as raters.
IPC
The Development Finance Contay money and the organisation. whose funet on is to co-op rate! til the gan. It also lins a f with private investors in aliqua- | belied in what is president, Mr
capital
devil ponent Habert L. Garner, has called the projects designed to strengthen i dynaanie power of competitive momoting private enterprice leer nome development to The mutual advantage of the lers and
Bellchein Strel
185
Beng Altaner
87
major bol tering frence made for a watch allitude on many traders
In- wasl-trai- the part of
Esse coghs Aid Macinitie
acao de
34
TheW
14
Factur
Celanese Corp
14'x
เ
IT Fourrejad tert
4324
Chare Manial
Bank
51
Cyster Motors
Chinux Nolylderum
73
tolgate-l'atizantiye Cu
Fanmercial Credit
the
econemmes of
tae sturbing t
Comodated a
434
Sa tur dhe CDFC
128
13
Near reconi steel production schedules and
optimistic outlook for the fourth quarter
sharply lifted that
In Carly dealings and aircrafts huch some good gains, reflecting their
order back10μs,
group
ns, however,
Jargely
fell by the wayside in the late
Jeft
wh cli wave of realising closing
for averages some points below the day's average highs,
IT
Industrials ch.sel
1.20. rails off 0.68 and utilities down 0.10 co average. Cut a testai.
1,118 istucs fruch, 518 Isares were lower, 354 higher.
Picked Up
Trading picked up 1: 4,900,000 shares from 1,800,000 on Friday but still was nvt considered heavy eugh to indiente A real presare behind the yelling. Bethlehem Sted, up around points at its bes!, closed with only points of its rise.
2
Oils, affected by the Suez an
bud certally, Fround " point in Standard of
lo-se's
California and Gulf Olt,
Continental, however,
over a
Funging
rose
wer point.
Magma off 2, and Alcoa
fell
Coppers were hard hit, with
nearly in the aluminiums.
ex-
in airgrafts, for the Ameri-
Aviation, seiling cun diviana, closed down more than Boeing a point and Lockhead, and Douglas held only fractions
un-
of gains.
American Telephone, changed at $183%, was the day'a
the jesues, most active
new
A. T. & T. rights, traded on a
when-issued
today, upen time elogad at 7-7.1/10.
Now York Stock Exchange band volume was $4,070,000.
American Slock
basis for the first at 7% und
enlthier
Contests Out of 1 Crane to
Crown Zellerbach
Cuban Anej
Dvomman Alka
Sugar
Dow Chemicals Dupont de Neina-
Eastman Kodak
Pan National Ca
Er rid Fioraly Mnance Co Pond Malur
General Electric Gefferal FCHE General Motors Gen Pubs U
Cinly Onl
Trat
Just
in Tel & Tel
John-Manville Co
Buswert de Sutrik Kamas V Kennernt Copper Ligget Meyers Tob. Lockfred Alteraft 4.ow theory
وانان
[arg
.. ז'ינו .
com- ntiments be the aves in del some 413 mullion ie 13 ga pa vide We enterprises jul eigin
203.
2:1 Ata
whith a whiries,
ریان
it
-
wil de anneh The new IPC the same job as the ChFC bul
Will
A wid r ede at with more mary To clate 32 countries trave
bed $784 million 41. 474, scriptors from ther SIN in the process of joins t
increase the capital, de Desal of the corporation
2:44 4
elves
AGE
IFC's objective. Is to furÜjer economie development
couraging the growth of order-
וּי
1. Investing in productive.
the chat, Farabid fix irission of the Suez news, foj-
Jowod civile.ar poêles Uugh the market showed an underlone of slowlines, most of the time.
Shipment offering from
CHICAGO GRAIN were reported "moderate
MARKET
Chicago, Sept. 10. Wheat faled to hold It season highs revided last week in action on the Board of Trade today. All wheat deliverie, bul
stul mostly too high Heal peceptance, agent; sald.
Factory buying interest
The
for
the delivered market remained Tack. Brokers believed leading
been able consumers have culisfy most of their require-
10
ments direet in the Far Eastern matkel. Spot No. 1 Has was
Qie September contract flushed! quoted at 33 cents a pound.
Bower
that
at ter-
giat market was generally weak,
Receipts were heavy
<JU
LONDON
The market was errulle today |
Prices:
minals today. liedging showry with spot quoted at 28% pence
ร wheat dealings after th、 | per là.
us dil Bequidation. Demand roybeans were down
also, reueting 19 substantially industrialised countries.
favourable herlying as weit us
and crop news wher
business. slow < x port N121 Dounts of corn solf to the United and the Continení,
Juzzis13
usked
Lorion Express Service.
More Liberal
Japanese Trading
6 private enterprises in emiton German
360,000 bushels
POBIE&A
COMPANIES
SUTENUMPARA ORMEGABENTUKAN TENKAMNASIEVAL
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FREIGHT SERVICE
Outwards
"CORFU" "CARTILAGE" "CHUSAN" "CANTON"
Leaves London Due Hongkon
Seljed
17th September
17th September
18th October
20th September 7th October
10th Deleber
12th November
Via Southampton, Port Said, Aden, Bombay, Colombo, Penang & Singapore.
Hove st
282-281-
SetBeans house term October
2016-202
November
29.29!
Octive. Jan Ma and Apr./June Only | July/Rept.
20-25. 274-27%
Homewards
"CORFU"
2814-20
November
General marketi, est busty, posta September Kingdom October
771-27
2714-27
273-272
for bide
after of comm
on
wer.
Estule crepe thin and thick un- Quotet
AMSTERDAM
The market was quiet today. Prices closed in guilders per kilogram elf Stul, as follows: No. truliber
the close of trading today. Aus-
1s due to tria
like buy a
Portland amount of corn, and 360.000 bushels of wheat, Inter in the week.
Wheat
up | No ¢«l¢s༥l a!o Toyboung off 14 to up 14 Wheat. No. 2, red
zubber No. 3 rubber No. 1 crepe
2 65 noin.
201 buyerm 2.37 vers 3.42 1.
Singapore rubber prices were unavailable.- United Press.
London Foreign
Exchange
Glidden C
35
Gooch (23 F Co (year Tire Heyden (bendea)
701
TO?
10m
Listake Muing C ingersoll-Rand
*3
F%
Andant Steel Co
Business Mathunge Harveste
$7%
member encntrits,
live private enterprises 70%
Spot
part - ularly
the less developed a
[1
International Nikel International Pastes
tends to do this by
12
231
In Association
417,
Tokyo, Sept. 10. The Japanese Govern- ment will liberalise spot
in trading
Canadian dollars, Swiss francs, West
marks
and
222 St 2200 29241 2239 Dee.
2271,
Mar
May
2301
July
2014
Corn, No. 2. yellow
Suet
104-05
Sept
[49)-140
ve.
1327-*
Mar
143
Alay
*s
from Rye the Japa-
July
14031 140
New York
Supt.
Dec.
14RON 14715-24
Austerdam
Sept.
Dec.
Mstort
Soybeans, No. 2, yellow
Spol
Oslo
2343
Paris
Sept. Nov
2334-233 Blockholm
Zurich
Jes
2301
Others
were
Mar.
Press
24214
Lone Star Cement Co Louisville & Narkville R.
Lowenstein & Sons. Mesabi fron Corp. Minnesota Mining Main Development Monannio Chemical Co.
Montgomery Ward
National Steel Corp.
36
out government repayment
in
guarantee
cures
เฮ้! where
with private investors and wre Swedish crowns within
limits certain not Soptember 10,
1 sufficient private capital is
51% zvailable en ressonable Lens: nese Finance Ministry has o
3. Serving as a clearing houst
logether
4014
Motorola ine,
41 opportunities,
4414
National Cash Reg. "A"
National Datry Prod
| National Lead
30
110
1415
301
074
72
1712
321
New York Central Olin Mathieson Oth Elevators Owen-linols 0291 Pacific Gas Elec. Pan American Airways Paramount Picturon Parke Davis Co. Perny J. D. Co. Penn, Bat Co. Philip Morris
Procter & Gamble Co. Pittsburgh Plato Olaxs Publicker Industries Exchange Pure Olls
Itadio Corporation
volume was 100,000 shares.
Dow-Jones closing averages Republie Steel
were:
30 Industriale
30 rallu
15 utilities
Ga płocks
40 bonds
Comm. future price index
Moody's index
Closing Prices
Allen Mhe. Acy. Allied Chemical All Chalmers American. Autine American Cablo
Corp.
Reynolds Btotal
Shelf Oil Co.....
805.56 Saint Re
Bincialr
180.04
Paper
66,62 Sucony Mobiloft 170.04 South Puerto Rico Sugar
Southern National Gan
103,70 Soutien Railway (Com-)
Standard Brands
Standani Oll of Cal.
| Standard Oil of Ind.
investment announced.
private
stimulate
200 lb. Back
to bring
Exchange banks will be per- ve pital (both foreign and domesti) und mitted to use "these currencies
within
ccnt per une experienced management: and freely
the margins above and below the 3. Helping to productive investment at private cross rates, the Ministry said.
May Cross rates for the mark and capital and both domestic and
fixed by be
the Barity crown Ιστοίχη
Government on th Unlike the CDFC whose pur. | Japanese
rate regis New York flour poses to her in the naneung buds of exchange
the International tered profect designed to
with any
for Fund. Those Monetary 47 strengthen the balance of pay-
dollars and Swiss ments of sterling counletes the Canadian
be calculated IFC will confine itself mainly to frane will
Lor 45 Investment In Industrial
quelations pra their the World States dollars.
WIDER MARGINS Bank it will supply capital with- 4434 cut a government guarantee of
The changes widen the mar 4124
glos as well as freeing the Gov Bit repayment.
existing or ornment of the task of changing 1 Any enterprise
to the cross rates frequently, the IFC for capital Ministry sald
TH
536
7612
jcls. And unlike
prospective will be eligible 01 apply to the 63 provided
it is in n member
20 country BY
territories and
30%poration's requirements.
from
130-140
$13.30 alled Press.
London, Sept. 10.
Closing rates were:
Montreal
Brussels Frankfurt
Lisbon
270-2.76 3/10
2.72 3/16-2,72 3/16
10.02-10.02
139.05-139.10
11.00-11.08%
80.03-80.10
174012-27413
19.07-1007
10016-98035
14.30-14.3015 12.1815-12.183 unebeged-United
New York Foreign
Exchange
New York, Sept. 10. Closing roles were:
England clos}
United NEW YORK METAL C
The Ministry added, however, dependent that the changes were not likely the cor- to alter drastically the quolations because for these currencies. fre Ahat the trading in them had been rather 12 enterprise should be industrin miled and they were convertible
(through other
projects will not into United States dollars of necessarily be ruled oul) that is sterling-Reuter.
403%
200
Bricily these
4s not government-owned or
10% of the total explict required is NY Cottonseed Oil
30available from private sources.
Standard Oll of NJ.
1014
Sleep Rock ....
2214
Sierkant Drug Ca.
1004
2477% Sjakely-Van Chingi.
2
321
studebaker-Packard Corn
239 Swift & Co.
47
6 controlled and that at least half
Tony Co.
0
Tide Water Ann. D11
American Cyanamide Co.
Amor. Torgn. Power
14
Union Carbide
Am. Misha & Y diy,
31%
Union Packia Itallway
American Metai....
2
105
"
7134 Twenty Century Fox Film
American Smejting
American Tol, & Tel. American Toh,
Anaconda Copper
Baldwin-Linia-Itam,
Baltimore & OHIB
Banquet Cona.
Bendix. Avisilon Corp.
United Aircraft
U.S. Gypem
U.S. Line Co.
7011 US. Bubber
#U.. Amejing
BUS. Steel..
18 Warner, Bros.
Westinghouse Elpotrio.
Armed Steel
Armour
Well Va. Pulp & Paper .... Woolwertr
2472 Most investment in private 1214 industrial enterprises toltes the of a fixed-interest shares. But the
form of either
day loan or a
New York, Sept. 10. Prices of cottonseed all futures closed today in cents per lb. as
20% pany's care of the com- follows:
his break, new ground in wki. 67% the method of its investment,
2012 Tho, money invested, - by, the 0711 corporation wiki, ko ja ken but 40% not of the conventional fixed-
FUTURES
New York, Sept. 10. Prices of metal futures closed today in cents per 1b, as follows:
Lend
Sept.
Tin
Oct Sept.
Oct.
Zing
Copper Sept,
Sept.
Oot.
Dit.
15.10b 15.10
10.736
18.24b
13.155
13.15b
38,106
United Press,
LONDON METAL
PRICES!
Loudon, Sept. 10, Prices of stering për long ton as follows:
23-mouth 14.30 Cupper, spot 14.40-42-month 14.00-31 Lead. lat half
buyon milers
777 770
7721779
307301
2002001
Sept.
Des.
Jan.
Asr. MAY July
Deb,
Rept.
zing, ist kalt | Bopt
Bales 240 cenirs
Pres
lied Press.
Det Urated Prossinterest kind. It is the corpora
107 1164312
$1.02 16/04 711/32 3.58-200 1.77 27/12
uneftclai 30-day futures,
2.70 20/32 00-day futures.
****United ·Press,
CHICAGO LARD FUTURES
Chicago, Sept. 10.
Prices of lard futures closed today in cents per lb, as follows:
September
11.80
October
11.40
Novensber
1147
December
12.50
12.75
$13.00
United Press.
January March
NAMESAKES
Answer1 Koyal, à Wales, 3 Percy, Henry, 8. Bolingbroke,
Portents, Liowellyn, 187 Coalition, D Deuglas, 10 Fough
&
11 Shrewsbury, 12. Extortinaf 13. Hotspur. ANA
Owen: Glendower,
*
•
"CARTHAGE" "CHUSAN" "CANTON"
Via
Singapore,
"SUNDA"
Leaves Hongkong Er London
21st September
18th October
31st October
22nd October
1911 November
27th November
TONI November 17th Decomber
Colombo. Penang, Port Said & London,
FREICHT SERVICE
loads 11th Sept. Balls 12th Sept
Bombay.
Айса,
for Singapore, P. Swet- terham, Aden. Havre, London, Hamburg. Rot- terdam, Antwerp & frangemouth
from UK.
"SINGAPORE” due 29th Sept. from U.K.
"SOLIALI" dus 10th Det
"BOUDAN"
der 16th Sept.
From V.K.
"SINGAPORE”loads Brd Oct. for Singapore. P. Swet-
tenham, Aden. Høyre, London, Lamburg. Ret terdam, Antwerp &
Grangemouth.
BRITISH INDIA S.N. CO., LTD.
1850 - A HUNDRED TEARS OF SERVICE — 1850 "BANTHIA”
dað jou Sept. walls 16th Sept.
"SANGOLA" dne 30th Sept.
sals at Oct. "SANGOLA" dne 21st Oct.
valls 22nd Oct.
From Japanh
for Bingapore, Penang. Rangoon & Calcutta
from Calcutta
fox Japan
from Japan
for Singapore, Penang, Rangoon & Calcutta
P. & O./B. I. JOINT SERVICE
"UMARIA"
"URLANA"
due 17th Sept, talla 10th Sept.
from Japan
for Singapore, Madras, Colombo, Karachi. Haarah, Khorramshahr & Kuwalt
dae 20th Sept, from Japan
for Singapore, Domboy. Bisaunagar,
Karach
Basrah, Khorramshahr & Kuwatt
EASTERN & AUSTRÁLIAN 5.5. CO., LTD.
“ARAFURA” đub 15th Sept. "ARAFURA" walls-fth Oct.
4NELLORE” and 11th Oct.
from Australia
for... Bandakan Rabau), Brisbane, Bydney, Mel- bourne & Adelaide fram. Austraila
All verola havo Iberty to call at any ports on or off the route à thé route & salting are subject to change ne, amandmant with or Withois notice.
For full particulars apply to: MACKINNON. MACKENZIE & CO.
OF HONG KONG LID Telephone Nos: 277214.
[