TRADE
THE CHINA MAIL, THURSDAY, SEPTEMBER 27, 1956.
and
COMMERCE SECTION
Poge
London Stocks New Railway Opens Up HONGKONG Late Wall Street
STOCK British Columbia WORLD
Pushed
Lower
London, Sept. 26. Yesterday's setback in. Wall Street and domestic labour uncertainties com. bined to push nearly all sections of the London stock market lower in moderately active trading today.
wer?
Loca
held in a tw pener meg, inned the anda
tais but chelieul shares govs
up as much a
two shillings
Bayar me aleres were beavy
printed sizable
atthough setting wen:
declines,
not exer*** } Love, Huyal Dutch siculated udumul 14 sterling riflch Petroleum and Anglo-Egyption "B" down two shillings or more
Brilish Goyenavents fractional ges in guter
דות
Foreign
bonds were
worze
1:1
-
teady, with gains extending to
2 sterg same Japane e ins
1
4.ee eenla
THE GREAT EASTERN:
1956 VERSION
Vancouver, Sept. 26.
Canada's booming Pacific Coast province of British Columbia has just greeted the completion of a railway building project which is likely to add fresh impetus to its already impressive economic growth.
CHICAGO GRAIN
MARKET
20
Chiengo, Sept Grolus rallied from the lows! of the day, and cesedi best levels, with whrut and rye at
Germany Polresh rpurted about 2 sterling
Gold rhares managed a firm Appearance on elective living, ir near the previous close but coppers ensed.
mark-
Dollar storks ཧཱུཾབྷ། 1ཋ down In line with Wall Street
Unlled s
London Foreign Exchange
London, Sept 20 Closing rates were;
278-8 10-2181, 2724-232),
New York
Montien
Arnterthan1
Buses
Carpeningri
Frankfuri
Mini
Stockholu
10 at 82'
Buying
futur vorn
farsi
wie!
in ensh
The first ran tumbered over a 500-mile line smoking through age after range of mountains
from this ocean port in the dis- tant Interior of the province,
The completion at 12 P.site Girent Eastern Railway Hak Letween Vancouver and the in terior town of Prince George ranks as the greatest railroading ehievement the American con- thent has seen for 30 years.
Roadbed Blasted
w05
RUBBER
MARKETS
Now York, Sept, 20. The No. 1 Rss rubber future contruct closed today unchanged i with anics of 08 contraNİB.
Closing prices:
December
EXCHANGE
(From Our Correspondent)
Bugiren dene on the Heng- kong Stock Exchange this mern- ing amounted to approximately $504.000. Noon quotations and the morning'a transaction":
Buyer Helleru
Hhares
| BANKS
HK Bank INSURANCE
30.30 Unlo
Lombard JI 25
Wheelocks
The rex contract closed 25 to 40 SHIPPING contracts.
higher
eter
November January March May
was delayed 22 hours by an un-July
September scheduled rock slide
sples of A1 DOCKS. ETT
30.00
K. Whart
Dock
31 35 Provident
31.00!
LAND, ETC 30.05 fic utel 3000 K Land
49.33 Humphrey's 20.84
Standard contract closed 35 1 40 To these pile towns the s Far
line ha menot new
new contraeta. Septembe economic
Prince George
December March for example now has more than
May Twice the population it hugi 10
July years ago
September
New highways are branching off and along the route, together with oil pipelines and electric transmission: Iner Sawmills and mines are mushrooming. Se b the entile industry of the Caribou rangeland
Possible Extension
For miles the roadbed FAXUTT con and improved export busi- - busted out of sitic rock, hackeri Country offerings of corn izen by inch deras the face of
not reported | Vilfs falling straight into the Ftlitaje
reu,
BURY
rast Innled
Trule w mods rately betive, throughout most of the session. Shortly after the pening favourable weather darl
erop repents campest siling in contruets, wybem prices se recovered +25
Envering.
1.
Form
but
Who f vents; soybeans up 1 to 1% cenie,
Price per bushel In cents
Clemi: Price!
The project has been carried oil in the best tradition of the pioneering west--strong men working bard in lands uf breathtaking natural beauty which had never before felt the fouch of civilisation.
Citrally
Sales
00) 1938
1020
1000 1010 4715
220 D' 3600
D3 9412
43 434 13.00 14 10
יע י.
Rally Rivalled Tuesday's Fall
New York, Sept. 26.
The technical factors which have ruled the market of late held sway again today, lifting prices in an afternoon rally which rivalled yesterday's sell-off.
#
quel Cons
Bethlehem Steet Boeing Airplane Borden (The) Co. Burroughs Add Machine Canadian Pacte R
Analysis could find no sperp. | Bendix Aviation Corp. fle item on which to pit. the market'a behaviour. The con- etreus was that the inlly was normal development in a 230041 market which had gone down la 12 out of 14 gessimis. The outlook generally is to further erotic markets until after tie elections.
13 40 13.30
041,
20 143 1475 101.43
14,000 1 1 473
1500) - 1 472
110 112
2470 24.0G 22 22.20
100139
700 11$ 1500 2-4 BO
The late Wavy selling which
Chae (3, 1) Co Cat Tractor
Celanese Corp.
C. I. T. Financial Corp. Chane Manhat Bank Chrysler Moto's
Climax Molybdenum Culgate-Palmolive Co.
eut market values of all sted Commercial Credii sharer over 2 billion yesterday Continental Gt of Dei
Cetrulidated Edirn
Crane Co w
Crown Zellerbachi
Cuban Amer. Sugar Diamond Alkal
carried t ༢་ད་ today and put stocks »l mid-wrission down to their lowest levels since June 8, the day of President Eisen- hower's int
Industriais Pu Pant de Nemios a were off more than 4 potte on E Paro NaMunal Cas
30.00
51.45
DEN Amala UTILITIES Tan
1473 1
30 60
30.00
Stor Ferry
21.00 23 00
139
20.35
You
28 00
C Light (0)
1. Light N
Electric
34 31 75
6:00 31 15
31 3 30031 50
20
2480 75
(*) ** € 50
33 80 24,20
Carried Up
37 37
*ነ
37 400 371
Itope
13 13 20
Locally, Intra-dezler switching STORES, ETC operations included exchanges of Dairy Nov-Jan. contrae 3, Sept.-Dec. contrue's were switched before
Support developed
nt
1 20
1000 10.30 level.
Higher ruling of London had
eadying effect over the local |
Trading ruled Macro E
Telephone market, although rather quiet. London advices 10) milicated a good demant for (N) physical rubber in that market INDUSTRIALS
Cement from Continental buyers.
Aut The present river i
Elater's the Great
jas chapter.
Work is already underway to push the ae another 300 miles
the spot mouth expired at noon. Wation from Prince George Inlo north Furt Saint John and D: W
Shipment offerings from the
Lane Craw Creek of the famed Peace River Far Eastern again were reported COTTONS wheat lands
moderate but *JIE 100 high | Textite Corp Long-range plans are under-priced to attract local buyer In= | NAGxams
INVESTMENTS TH rallway began as long way for a possible extension on
terest.
Factory interest in the Yangtze Into the Yukon territory of the delivered marke! was
largely 10 as 1912-with much Britishi
nomed capitul
after for and
north
further inlocuiesty.
Spet No. 1 Rss was Britain's "Great Eastern"—and | Alaska-n plan which is re-
qu'ed nominally 24 cents. we'll
the ported into had reached
interesting interior of the province in the American capital -China Mail **** year, before World War 1. But Special.
the line ended at a little Indian
end
to
and
be
2297-230 coast village ned STIN SHARE
210 Thirty miles of sheer rock fail-
199,25-1389 30
10 33-19 H
17401-174914,
#44:14 43
12 2014-12 20
Jules Bee 2
103-13 14 May
Wheat, No. 2, red Sant
2297, 411 Mar
2200
Judy
Coro, No. 2, yellow
128
150
+36-
148
148
132
Zurich
nother
unchanged WRITE
New York foreign exchaRAVJE were all unchanged excej Vanada
United Pins
NEW YORK METAL Spot
New York, Skept 20
Price of meer eksed tuluy
In een ty
FUTURES
Jai best
Del
Tu
||
Zar
Nepal
Cak
Kogupta Sept
Lki
15 14h
*
1 Inla the sew blocked! # from Vanemver. It became known.
us the Talkway that started nowhere and went nowhere
E
ጊዜ
יד
I
Mat
May
Hyr
alk.
INT
13 13.
Mu
Outs
¥་
9 750
Ma
13 100
Buy beans, No. 2, yellow
13096
Spot
20 895 Nav
38 GOD
JAN
2270 2361-2 24017
Mated P
Mai
243
› May
24012
24714
Spest
July
LONDON METAL marley.
PRICES
Landon, Sept. 20
Ives if no tals closed Today
#23 sterling per ng t
fallowe
Zoe 2nd half sept.
Dec
New York flour
200 D
you t
130-14001
$13400 - United Press
WINNIPEG GRAIN PRICES
Winnipeg. Sept. 26 Prices of gram futures closed
Con Pa bushof
The British Columbia Provin- Gal Government had meanwhile taken over ownership of the Raway Company and for years I became a "political fog ball sinal extensions being W!!!
now and then at election | times The line operated with a money-losing barge ferry link- ing it with Vancouver but it was a steady drain
a pubile money
Scaled Cliffs
a
BOOMLET COLLAPSES
SINGAPORE
The murket
the opening on
was easier afber disappointing
uveritas ravice. Prices od. vanced on trade
covering later
in the day. It WIN reported that China
further bas made
purchases. Futures:
No 1 rubber per lb
+
London, Sept. 26.
No. 2 rubber per ib. Malayan tin shares had Ni
boomiet in
London No
Spet rubber unbatent ruunket er pe yesterday, following mours of a mass take-over No pale crepe bid by the Camp Bird Company.
Ocl
Dow Chemicals
Eastman Kodak
average and rail were down Erde Railroad over a polut.
General FoodA
Ovneral Motor
Family Finance Corp
Ford Motor
General Electric
Gen. Pub, UMI.
this
Getty Oli
Glidden Co.
however, and earried Goodrich . F Co
and sharply
Goodyear Tyre
250 2 14 15 priers up rapidly 3000 16.20 with virtually all issues closing flomatake Mining Co.
{}
14
1000 en 10.20 1601300
20014 500 in pa
2860
7.40
4.35
1000 430 1500 a 7:40
UK Synthetic Rubber Imports
London, Sept. 26,
of
and
Heyden Cherntool
many Ingersoll-fland
their lows abov finishing with net gains.
Of a total 1,881 issut.. traded.
| 551 were lower on the day, 308
higher.
the
kland Steel Co
Int Business Machines inti Harvester
International Nickel
International Paper
Intel & Tel
John-Manville Co
Kaneas C. Power & Light Kencrent Copper Liggel Meyers Teb. Co. Lockheed Airerari Lewa ineip
Trading pickert up on rise with a turnover of 2,370,000 Shaves
Ralls led the way up with numerous factional gains andi rises of around a point in Chese-Louisville & Nasliville
peake & Ohio, Illinois Central and Norfolk & Western
Atreraft, sleet and non-ferrous metals highlighted the indus- triais.
Aircraft gains ran to a point Doulgas Nerth American, Bendix, Boeing and
or more
In non-ferrous metris. Kaiser
The British Government bas Lucicheed. authorised 80-001
the imporling
Bethlehem paced steels with a Nov. 804/9-80 80,000-tons of synthetic rubberise of over 2 points.
in 1937 compared with an Im- port programme of 70,000-tons for this year, the Board of Trade announced today
Dec. unquoted
0814-19
LONDON
372 373
8415-05
5:00-60
73-79
110-121
•
Aluminium ran up more than 2. Chrysler and Frid added major trnetiens.
New York Slack
Exchange
American Stock
Exchange
volume was 910,000 shares,
Daw-Joncs closing
were!
synthetle
20 ade
30 industriale
averages
Of the total for 1957, 20,000- tons, the same quantity as this bond volume was $3,000,000. year's will be special purpose syuthelle rubbers and 60,000- The market was steady with tons (compared with 60.000- My fell this morning, 1 shes it transvlred that the bid- spot quoted at 20.15/16 pence, ton this year) will be in the
Prices:
form of GR-5, the main general --for no fewer than 18 Malayan por lb.
purpose type of cash. no postwar companies-includes
No. 1 Bu spol
rubber, Bird intends to offer its | economy boom, based on u sure. Camp
Settlement hous! work timber market and fed own
exchange
Noy for shares in
Dec. with thousands of European in- | those of the 18 companies, at j migrants, soon brought brighter, the average prices of the shares the railway and end of Camp Blid shares over prospects for work on The 30-mile stumbling the berlid from July 27 to Ocneral markets, ef basis, ports:
lock began in earnest.
September 31
British
Columbia's
trt på ;
207-27
2014-771% 2014-201
2014-20
20-281
21-26
Jan./Mar Apr./June July/Sept.
thiye Nors
T
2014
705
Oct
2011-201
donanth
751
772
i
Capper st
2974
201
Todiny in
R
3-th
2031
follows:
I end at half Sept
116
117
Oats
De
1142, 112
1+7
Det
11
1.
707
United Pres
Mary
TV
hillion tons
Rye
Into the Pucitie
Cirt
12.
unlo
Der
1347
Drilling teams scaled the! The chairman
Dre of Camp Bird, ! elifts and, often hauglog on by Mr Jehm Daiglei-h, estimated to Estate crepe
thin Del that the 18 ropes, drilled in blasting holes, an
thick an announcement "sent $last after blast
1500 companies have a market value of rock crashing ot
£4,400,000 sterling, Dncl liquicl Despis { £2,250,000 Isterling
ployed
Nov
2014-2014 24-25-
34
341
AMSTERDAM
10:
*
Many
JAU
Harley
in the local
ปี 17
Det Don May Plaxseed
1057%
10?? 10%-104
Oef
J11.
16 17
12.65
Der
218
May
284
100)
27.11
Business
Exchange Rates
unoffetal
was done
market this exclannge morning at the following rates:--
US dollar per aligne Sterling noter (per 21
Australian notes per CI Indon
Bam Deal (po 1001
Singapore (Strl++
ruplah per
in.30 Canadian wheat prices were
in unchanged.--United Press,
AUTOMATION IS
US ANSWER
TO COMPETITION
Washington, Sept. 26.
Giang bulldozers crept
widening
Ledge The $10,000,000
stendy.
The market wus Some remur atleety as they could be Prices were all unchanged since to be spent į ---Reuter were
yesterdny-United Press, and live men were to die--some of them bulldozer drivers who were not quick tạngh to jump machines reheri when their mer into the sea.
Two fines of steel grew out from carb cad, sanking buck Did forth along the rock cousi until eventually they met. On August 27 Premier W.A.C. Benuelt loaded his Cabinet and reveral hundred other dignitaries anlo three trains and set off for The remote Interior of British Columbtu, the tabled Caribou Country.
Breathtaking
The Great Eastern's new orange and green diesel locomo- Drets roared off along what must be one of the world's sernie train rides.
From mountains
Cotton
Futures Steady
Hold
New York, Sept. 26.
Cotton futures today maintained an overtone
of steadiness amid a series of alternate rallies and declines over a range of 31 a bale.
At the close prlets ruled up!
5 to off 3 points, A post-openi at: rally lifted all deliverles from most December forward to new zza-,
sonal highs and a maximum pine-clad coast gain of 05 cents a bale. New the line moves Orleans closed up 1 to 7 points, breathtaking
technical reasons, Realising pasacs Charles Percy, president of Bell & Howell Co.,
the dry heart of the pro- following a gradual rise from told a House sub-committee today that automationvince, often along the routes of the lows of Inte July, covering is America's answer to competition from cheap chille traits of wild west in the October delivery, along foreign labour.
betler
the
through
Into
ta
of
days. Towns along the line with mlil buying tigainst textile beast old Red Indian names orders, and shipper such of Cheakamus and Lillooet against
export
comming be and
others, such
Soda, acted to check the sclbacks. rub- Creek and
Lone Bulte, were Worth Street parces estimated once roaring townships in the sales of print cloth over the past days of the Caribou's 1800's few days in the neighbourhood
and 30,000, 25,000,000 of
Perey, whose Arin manatactures could probably cameras and photographie equip achieved by an outright ment, appeared before a House sidy," he said. Weys and Means sub-commitles
EL. Tebert, vice-president kvestigating turil
tracle cad problems. He said a liberal of the Syracuse China Corpold rush. irade polky is in the best interest appearing for the Importatione of our nation's economy and of low-priced Japancao made
secutily."
Outright Subsidy
other foreign poltery.
"It Is obvious never secure a farli!
rate high
"In most important fields we enough to equalle the low have consistently beaten the foreign costs of production," above best competition the world has Tobert said.
to offer," Perdy testified. "If we have a special genius in Ameri can
R
Wild Life
NEW YORK
Router.
Singapore
Stock Market
Singapore, Sept. 27. Brokers today
quoted following stock prices:
15 ulltlw
03 stocks
140 bonds...
• Commi. Niture palce index
Comm, spot price index Moody's index
Closing Prices
Allied Chemical
Datu Lintang Rubber Co. Ltd. $181 - Amir, & Furgn, Power British
Fetavlo Borneo Byndicate...
Lone Star Cement Co.
Lowenstein & Sorin,
iesabi Iron Corp. Minnesota Minina Mon Development Minunto Cherleet Co. Montgomery Ward Motorola Inc. Natterns Cash Rest. "A" National Delay Prod.
National Lead National Steri Th New York Central Olin Mathieson Olin Elevators Owen Hinals Glass
Preille Gas & Elec Pan American Airways
Paramount Pictures Puke Davis Co Penny J. C. Co f'ens Sult Co Phip Morris
Procter & Gamble Co.
begs Plate Cr Publickey Industries Pure Ol.... Radio Corporation
Republic Steel 101.60 Reynolds Metai 106.07 Shell Oil Co.
09.13 Saint Reg. Paper 180.01 Sinclair Oil
07 10 Socony Mabbat
100.00 South Puerto Rico Sugar 184.20 Southem National dus 426,20 Southern Railway (Com.
Standard Brands
Standard Oil of Cal. Standard Oil ut Ind Standard Oll of N.J
$97. Sleep Berk
1704 .. Line Co
U.S. Smelting
U.S. Steel
Werner Pios
Westinghours Electyle West V. Pulp & Paper Woolworth
Stelloy Drug Co.
Allied Milly Die
824.
Bludebiker-Packard Corp.
Allis Chalmers
2124.
Swift & Co.
the
American Alfiles.
22%
Texas Co.
American Cable & Radio
Tide Water Akin, où
Corp.
Twenty Century Fox Film
Opening
American Cyananide Co
60*
Union Carbide)
142
Unton Preife tilway
Am. Much. &“ F'dry
United Aircraft
57/04
American Metal
20
US, Foll, "U"
Consolidated Tm Smelters
Ord
American Smelung
27/04
Freier & Neuve Ltd. Ord
$2.48
American Tel & fei Ameries: Teb. "D"
G.S. Gyrta
731
Fraser de Neuve 15%. Qiun.
Anscenda Cooper
no
pret
$500
Annco Steel
03
Hongkong & Shanghai Bank-
Armour
10
in Corp.
1000
Allas Cove Mining
2023
Hongkong Tin Ltd.
0/80
Baldwin-Lima-tam.
Kempas Ltd.
$1.04
Baltimore & Ohio
LAB Rubber Estates Ltd,
0.83
Malayan Breweries
$1.001
New Berandah Rubber Co
Lbd.
Petaling Tin Lid.
Raffles Hotel
Singapore Cold Storage
$1.47
South Bettish Insurance Co.
Ltd.
$14.50
38.30
$3.02
track Trading
Straite Steamship
United Engineers Ord.
Wearre Bros. ....... cdob cumdlv.
China Ma Special.
Priect of futures closed today New York Sugar
as follows:
Spc1
Det.
Ee.
Mar.
May
July
Ocl.
Dec.
NEW ORLEANS
34.501
39.83
34.04
34.11
3407
33.71
33.09-10
11.05
323.97
Market
New York, Sept. 20.
World No. 4. sugar futures closed unchanged to 2 points bigher with
con- #ales of 03
tracts..
The domestic contract clowed 1
Pilces of futures closed today to 3 pointe higher with sales of
as follows
Spot
Cet.
Dec.
Mar.
May
July
0.000
Oct,
Mer
LIVERPOOL
33.25 33,90 34.00
34.10
141 contracts.
Higher trend in both markets reflected a trade demand shd
the firmer ruling of the market, Futures:
United Pres
YPHOON MAP
with revised codès in force as from" 1st April, 1956,
TOW
34.07
33.7
$3,00
Contract No. 4 (world)
23.08
Oct.
14.01
Mar
May
July
Oct/Nov,
24.03
Dec/Jan.
Mar/Apr. May/June
24.05 Nov
Spot-fcenta Ib. fob Cuba)
Contract No
B.01
24.30
New contract
July/Aug. Oct/Nov Dec/Jon. Mar/Apr. May/June- SULY/AUK.
24,73 May
July
0.50
23.18
Sept.
25.00
Nov
24.85
180 Bpot-teents par lb. cif 24.70
NY: ex-duty) wh
0.07
United Ress.
$5.00 MOUNTED
Future closings. In: cruzeiros
At one point, Maran, the yards with deliveries extending anger looks down 2,500 feet in to the recond quarter of next Brokers, however, werd into the canyon of the Upper year.
Future closings in pence per sept. Fraser River. At another point uncertain whether the sudden b. were as follows: the train roare into a 350 foot buying splurge that we can
was seasonal, or Old contract tunnol, makes a horseshoe turn represented an improved inside a mountain and emerges buzintis sentiment generally,
the point at which it
Spot Interests were modernio entered..
sollers of the October deliv around the 34 cent
ont line. Buford Brandis, chief
trade interests bought the post Economist of. the American
saics of later month_aginei Industry. It is for the Cotton Matifacturers Institute,
le thick all along deliveries. Wild
Tho schievement of an
38.300 open posillon Leypton Kapsk. Nov Den ever lower said the US textile industry the route, There are bla unit cost of production."
in October today tolalled 90,400
BÀO TOULO ..:|negás röller,
"mountain lione” grizzly bear, Perry who to Bociated Ufo said it caught between gik, moose very train parties bales. The certineated stock ro with the Commitice for a nd- US
mained at 3.281-bales. ogricultural polley, which a rifle in thờ guard's van. An Month tional trade policy,
!
concoded bars foreigh raw colton and sells engineer, reported
orted taking 48 st. thero may
exceptioris, US cotton abroad at cut-raft trout, from 4 trakaldo mountain pre particularly for Industrite prices. and foreign „trodo polley | stredhi lei, 4115 hours, wo which must be protected for Whol
encouragés All the little town along the July national defence reasons foreign industry, to sell its good, line turned out win bed band gat
receptions for Promier, Bennett's
Mar "Inaugura, trela-bven though Artal
be
"it necesary, ald could be in in the United States United the field og takkia, alihaugh, it' PAI.
Mar.
May
Volume Opor: Interest
per kilo were as follower
28588
NAMESAKES
Answers 1 Neptuno,
Ellipse, 3 Diglance, 4 Light, B
00
$.4 MOUNTED
Observe, 6 zalescope, 7: Star South China Morning Post Ltd.
Universo, "D. Mercury, 10 -Meca.
In the UB tho laverage spot. 11, Planets, 12:Revolve, 13 Bojar Ufied/indus: unavailable. Sales | 13. "Saturn,, .164 Petreside)410
:81,201 Walas.mŪnited ifronscond. 17 Uranus, 18 Brafting,
Nicholas Copérníquáji