TRADE
THE CHINA MAIL, TUESDAY, OCTOBER 2,′′-1956.
and
Singapore Car Industry Encounters Another US
Stock Market
Brokers
Singapore. Oct. 2. Rday quoted
following stock prieve
Botu Liang Nubber Co Ltd Dis Bornto Detroimuni
Sy-diente
the
Openton
2164
Sitirite
Ord
* & Navn Lid On Front & Neave Lid 7
***
10/-
27/0< $ 124
15 00
Coneluiated
Def
Hope & Stoneha Bank-
Ling Comp
Herehong Tand
Kompas
f
tunis Rubber Fatales 1.5
Melaven Breweries
Pelling T
Singapore Cold Storage
New Bermalade Bulabe; Ca Lad
South vs Insurance
1/2/1
ゲ
Murais MoAMENTO
Tile Weiterst Ord
Were Bor
$14
በ ሀሳ
Economic Hazard
New York Sugar Market
New York, O... 1. Werkt No. A siger maltena
to poin closed unchanged higher with aales 19 cox- fructs
Domestle Ne. O sugar futures closed 1 pont lower to 1 point higher with salon
$350
$1 80
гы
31 30
11uels.
#2525
414 36
IN 20
way
产品
artive
edets China Mail Special
Furness in world
ات
GG con.
contracts
GOVERNMENT MUST
WATCH FOR SIGNS
OF DISINFLATION
From RONALD BOXALL
London, Oct. 1. The credit-squeezed, import-restricted the more British motor industry fell foul of yet another economic hazard last week. The sugar giant Rootes group sacked 500 men and blamed it partly on "shipping difficulties" arising from out of the Suez Canal grab.
with coupled
buying in rawa during
marte
the past week pits the stantial reduction being
the 101
Cubay
Future
New York Foreign ecks this yeni.
14
Exchange
W-tiny futures
Contract No. 4 (world)
Det
New York, Cel. 1 Closing rates were Calachi Fagforlu qk
MAL
333
May
3:37
x 37
Jula
12-2173
#78-17/2 277-70/32
Sept
3.7
Spirits prents
Cutral
for
327
-day tutajen
2 70-23/32
Contract No. 0
2 17-1/60
210-13/10
Nov Mar
340
P
Ap>
SMK
M
2011
Sout Nuv
5 Su
Londen rates were unavad.
Spec-Leenks pre
able Unded Press.
ell MY
Cutest PANT
New Zealarna
South Afr
Aigenti
India
B
Others were unchanged
Wall Street Hit
By One Of Worst Breaks
New York, Oct. 1.
15
Other car makers found them- p The key to the problem
export stives in difficulties of another | the
market. If car kind.
for
Tokyo Stock Market Review
Tokyo, Oct. 1. Selling decreased while popular investment buying increased оп the Tokyo Stock Exchange during the past week.
Nishin
Spinning dropped sharply on Friday as its capital increase announcement Fall i to live up to investora expocta- lions. This affected business in other leading issues such as Heiwa
Extole Roal
and Mitsukoshi Department Store which are objects of speculation by major operators.
Inducatial brokerage houses, went on buying however,
non-ferrous chemical industry, metai, textile, and electric machinery issues with the result the Dow-Jones averugA that advanced further to regain the 480-yen level.
A Standards machinery makers could compensate was in danger because electrical | the fail in home sales by divert- mubtenance men were striking|ing a larger proportion of their ver the redundancy sucking of production to overseas markets some of their colleagues. So the there would be no need for them fastusy
sent its workers home to devise schemes to circumvent I live days while the plant government regulations. But the was being checked.
restrictions and shipping delays And at Fisher
Ludlow would mean that
many of the
Some
traders were cantius cars which cannot be sold
of uncertainty during strin- becauING home because of credit
the week whether Prime Minis- gency cannot be sold at all.
and Do Body Works 400 men were sarked because of an earlier tali off an orders from Standards,
Relationship
The industry must redouble ter leniro latoyama would go to
to conclude its efforts to increase its sales Moscow
SUEZ ISSUE
in overseas markets where im- treaty with the Russians. port restrictions are not applied and this will mean paying far more attention to meeting foreign competition, both in design and price.
Close Watch
List week the Treasury de- ced the drop in car production in relation to the general dis- Inflationary picture. It told how
the fall in output
of "durable consumer goods" had enabled The Industry to divert more of jate resources to investment and
Meanwhile the Government jexports. And the Treasury gives
some of the credit for this to its will have to keep a close watch
inflationary measures.
on the car Industry to deter coversmine whether there is any fur- But the report only The period up to the end of June ther advantage to be gained by when car production was begin-continuing the squeeze, 11 must ng to recover after the sharp be ready to relax pressure
soon as a de- and the industry as o! the spring
of divintiation suminer. onrly
Later ligures sirable degree
into show the recovery continued in shows signs of developing
and unnecessary July but collapsed suddenly in an unwanted August. In that month the in-slump.-London Express Service. #dustry was badly hit lag
Stocks were hit with one of the worst breaks of the year today-with tight money, election un- certainties and Suez Canal still the excuses given for the decline.
The market broke sharply on Becelerated trading late in the day
forved which
reporting? Bicker tes run tate, but demand developed at the lows just the 11fte.t oilers sub- stantially
vonneback, although it left prices sharply low or the day, backed the theory of many Wall Street' that the market action is largely techniek 1
Iafd winei,una-Hami Boltinny & Uldo
Bets Avalon Corp Benguet Cons Bethlehem Stoel Being Alone Burden (The) tu
Burrowclis Acki Mart İşte
Canadian Pale R Che J
1. v.
Cat. Testor
Celanew Corp CI. T Financia) Corp Care Mental Br Chrysler Mutun Cix Molybdenun | Colgate-Palinnlive
Cominere Credit CORITIBIWall, Elec Consulated Fac Prime Out Du Crane Co lowest aleem Zoller Bart
The neilon lay left rails at
Jevels
since fast lowent their
their Nuv 2. inchstrials average lows since Feb 14 and
their
Multi al
May 23
The pl
Average June 8,
671 The
| Cuburi Ainer Sugas Dian and Alkah. general Dew Cterripple
Dann 4. Numepi wad Dh. Naopak pre / Festiuni Kesha
the day of President | 1 Pasu National flas Eisenhower's ines, and turn-re Radio
Family Pinotien Corp
over, too, was the heaviest s the Ford Motos
that day.
Turnover of 2,800,000
contrasted sharply
General Eletra
Maresencial Motors
In t with Friday's 1,720,000 share.
888 Lower
Out of appearing on
were lower,
Grp. Pub But Getty On Glidden Co
Godrich 1 F ( Good at Tiro Heyden Uminical Honake Mining Co Ingersoll-Baral
Inland Set (o
1.183 Interchical Corp,
Tope, 088 | Int Business Maristes
of them Int Harvester
a tokal
the with 203
International Nickel
nt new lows for the year. Only internation Paper
Fecessi
The
66 strike at the British Motor Cor- 14 portion works, but nellier this entirely
161 or the holidays could
123 account for the more than 50 39% per cent drop in output com- pared with the same month of 13+ 1955.
14
40
71
The industry is under pres- sure from several sources,
The
1credit squeeze and hire purchase
A restrictions are hitting its soles
גון
at home while import restrictions
40
40
447.
108
is source of worry and now the kap
are making it more diffleur faun ever to sell abroad Foren conpetition
inerrasing
50
it all there are detaya in ship- 1614 ping cars through the Sucz 87% Canal
191
10
20%
22
Matter Of Concern
for the Society A spokesman 53% of Mutor Manufacturers
Traders said: "The dislocation of and the longer haul shipplag daround the Cape, together with To the cutting out of some of the intermediate parts, is a matter of to the molor Industry 85 concern
undoubtedly and
affeeling 61hour overall exports,' Meanwhile
10
Tike ult
something has broken between motor traders and the
73
445
34
294 open warfare
108
John-Manville Cu
Kate C Power & Light
in ture a
lows Liggett Meyers Tab. Ca to a small Lockheed Alrerats
Low Incorp
Kennecol Copper ...
130
..
44
19
132 advanced with two relting: 8 Tel & Tel
new this.
recoveries
Best
Chrysler which
of nearly 2 points
gain; Di Pont which recovered fase Star Cement Co.
points of a loss of nearly 5. Louisville & Nashville R
Lowenstein & Son
3
Tobacco slocks were amon Metals from Corp.
the hardest hit, refeeling
the Kilnnesota Muying
renewed cancer scart. Liggeit & Mission Developitsent
Myers fell nearly 3, American Morvants Chemical Co.
Montgomery Ward
Tobacco more than 4, Philip
Morris and Reynolds
than a point cach.
more
Motorola Inc National Cash Reg. "A National Dairy Prod. National Lead
Rail losses ranged close to National Steel Carp. points in Louisvilles & Nash-New York Central ville.
4
Olin Mathieson
Otis Elevators
declines ranging Owen-Illinois Diam Oll shares around 3 points in Cities Service, Paelle Gas & Elec.
Pan American Airways Continental and Shel.
Paramount Pictures There were losses of around
Parke Davis Co. Aluminium and Penny 3. C. Co. 3 points in Alcoa, around 2 points in Rey-
Penn Ball O Philip Morrie nolds Motals,
Procter & Gamble Co. Pittsburgh Plate Gines Publicker Industrien Pure Oil... Radio Corporation Republic tee? Reynolds Metal
International Nickel and Kennecott Copper.
New York Stock Exchange bood volume was $4,820,000,
American Stock Exchange volume was 800,000 shares.
Dow-Jones closing averages Shell OH Co....
wond
20 industrinis
10 utilities
00 tools
40 bonde
Comm. future price ind Comum, spot price index Moody's index
Closing Prices
Aldon Ino. Aoy.' Allied Chemicala Allled Miline. Alls ChalineEN American Airline America Dable
American Cyanamide
Americas' Motul. American Emelting Arbet
Amé
Алагород Соpper
Arimos last at Armour
Baint Reg. Paper 400.70 Binclair Ol 100.5 Socony Moblo
64.93 Boulli Puerto Rico Buger
163.33 Southern National Cha
9.05 Bouthern Railway (Com.} 100,70 Standard Brands
1331 | Mariang Du of
42410 | Standard Oil of Ind.
Standard Du of NJ, Sleep Rock
304 Government, 4712 雄
When the Government decreed that a 50 per cent down pay- 614mont would be required for all
cars bought
WORLD RUBBER
MARKETS
on
New York, Oct. 1 The Nu. Rra rubber futures lower 29 points today closed with sales or 13 contraeis.
Dre
The Sucz situation
#
pence
Wor
SECTION
RICE EXPORTS
of
Washington, Ori, 1, The Department of Agriculture reported today that US rlee exports in the marketing year from 1935 through July 1956 totalled 11,340,000 bags hundred pounds each terms of milled rioc,
This was a 15 per cent. increase over the previous marketing year but 18 per averagt of cent below the theTM 5 proceding years August 1950 through July 1035.
Principal export markels
rlot for US
in 1930-50 were Cuba, Paklatan Japan-United Press.
and
HONGKONG
STOCK EXCHANGE
(From Our Correspondent}