THE CHINA MAIL,
THURSDAY, OCTOBER
1956.
TRADE
and
Six Canadian Mining Groups
Operating In Eire WORLD
Lancashire Loses Full-Time Workers
Blanchester, Oct. 3.
The Lanetshire cot: an spinning indukry had a Del Lose of 340 full-time work zw in the week ended September 15, the Costan Board announced today.
The (laure HRA been exceeded unet so far this your. The total number of workers in the apinning Industry
90,570.
now
Despite this severe netback acang full-time workers, Industry gained 70 puri-time warkers during
the
the week.
Production of yarn wUR #fleted by holidays, and totalled 15,520,000 pound compared with 18.070,000 pounde Lp the previous weck.-United Press.
CANADIAN
GRAIN EXPORTS
The
which
.shows
than a
Ottawa, Oct. 3. current crop year
Aug.
started
more
year earlier
OTHER COMPANIES APPLY
FOR EXPLORATION RIGHTS
Dublin, Oct. 3.
At least six Canadian mining groups are now operating in Eire, according to a statement by Mr Norton, the Eire Minister for Industry and Commerce, in which he gave an account of the operations carried out during the past year, Three of these groups have subsidiary Irish companies at work. They are:-
★ Si Patrick's Copper Mums 5
L: Thus erinparty over control of the Ayoca mit es at Deinber 1 last your mid as a attult of exploratory
work
wal in ther! klant arrangements er munerelal production Cam Darrested with,
Alt
Are
WORLD
ATTENces: where there Tok Ew Clate
DEAR4nets of expper, lead and zine
Ital 11:0 The Minister xull for 1 group Fac!
these Bruns by highly-qualified
لان
| geologists and mining engineers who were optimistic about the
ter
ul The exploratory
1
Work is in progress +3 1332 Croatstruction of a 7.000-ti tunned D
designed t
up *** for poduction Th tul nel is already new. 1,000 long
Preparatory Work
1
My Norton went in la Mily that he had received a penposal another group whi wanted Trum
RUBBER
MARKETS
New York, Oct. 3. The No. 1 Re rubber futures to spend about £35,000 on pre- Lanbury examination of 116
(contract closed today 60 points mineral potentialities of counties higher with ales 1 36 von-
Iracts. Galway and Mayo. A number of upplient tons for prospecting Tarities in respect of copper
vicinity an the Hollyford. Ca Tapperney alus been received atad under ernisideration ith De- altently parliment
It
Preparatory work ba the as- tution of the concentrifug in and the construction of offices, sur lestergas, and boumen is under way
The
exports and for
con-
compat y
Dr.
*pent over
Cons at
the outlook is bright the upward swing to tinue, Federal Trade ex- perts said today.
The latest wheat sales, there or less unexperc.ed, saw this country bid successfully *H* Екурін Tenders for 200,000 tens or roughly
militon
Holi The bushels.
International Monetary Fund granted Bypl
10.7
a credit of 15 inillos Canadian wheat could be pald
OMCASTOISES,
£600,000 1 <= The Mantsler ward that there Avoca 1471-$ retinate were ther
that they will require to spend
A further £1,750,000 dining The
Your 114 MI
the mine into praluetion,
Freely Available
32.30
ט !
טו 12
31.10
31.00
30.50
30.00
COTTON
MARKETS
New York, Oct. 3, The cotion market opaned up New 7 to 12 points today. Orleans closed up 3 to 11 points, Trading volume and open in- terest on the Exchange today
volume openi interost
31,700 14,000
were as follows
Be
Mar. Moy July
20.900
417,500
71,100
410,000
17,500
200,500
a.700
137,300
4,400
01,000
Mar
Totu!
4,000 47,800 поп 4,000 100.000 1,509, 100 bales
LIVERPOOL
Dec.
Future closings, in perive per 1b. were as follows:
Old contract
New contract
Oct/Nov
Ded/Jan
Mar/Apr.
May/June
+70-00 24.73
24 13-75
2433
July/Aug. 2483
Dec/Jon
Oct/Nov. 29.03
24.00
Mar/Apr
24.00
May/June July/AME
24.75
2470
Egyptian Karnak Nov/Dec.
50 DU
The New York Cotton market comment and prices of both New York and New Orleans were unavailable due to bad reception.
BAO PAULO
Future closings. in cruzeirus per kilo were as follows;
2.63 paid
2.56 pald
TITANIUM PRODUCTION
New York, Oo. 3. National Distillers Pro- ducts Corporation plans to become a major producer of tifabiam metal. His US Industrial Chemicas Com- pany division will put into operation by the end of next year a plant to turn out 10,000,000 the dabusily of high-quality Utanqum sponge.
which
The mulli-million dollar plant will
at be located Ashtabula, Ohio, near US Industrial's existing sodium and chlorine foliity. This tho plant will also house
facilities
the for Arm's
*kroonlum production of
project was an-
year. earlier this A US Industrial official ald the process to be used In the new
plant would produce a higher parity sponge At a cost lower than that of any existing com- mercial technique,—Okina Mail Special,
nounced
HONGKONG STOCK EXCHANGE
Wall Street Restores
Over Five
Billion To Values
New York, Oct. 3.
The stock market showed vigour today as in- dividual stocks ran up as much as five points and the overall advance added 2 billion to stock valua- tions.
This was the first time in a month that stocks have manage ed to rise two days in a row, The double-barrej "advance has restored more than 3 billion to sadly depleted stock values..
Closing price, ali among the line were at or Izar the day's highs.
rcol
General Motors doodrich (3) Co. Getty Oil........
Goodyear Tyle Neyden Chemical Humistake Miolng Co. Toger,ɔR-Band
In Business Machines Int'l Harvester Lecternational Nickel International Papaz Int'l Tel & Tel John-Manville Co.
Kenna, C. Power & Limi
Locwx incorp.
Lone Star Cement
All scelions of the marketKennecoll Copper enjoyed the second straight day Lockheed Aircraft ef stock market prosperity,
Lukons Stoel wax standout, climbing almost points on a three-for-one stock split. Grips of two and three points were numerous Through out the list.
Volume amounted to 2.180,000 hares against 2,400,000 yesterday
on
-hartz
Minnesota Mining ... Miks Development Montgomery Ward National Cash Ref.
National Lerd New York Central Otis Elevators
Otin
Matricson
Pacific Gas & Elec.
Pan American AirwnY'N Paramount Pictures
Furko Davis Co.
Pen Solt Co
The recovery movement stocks which got underway lite | Pulsburgh Plate Gines
Monday-too late to pull that Radio Corporation session into the black-reflected Republie Bleet favourable developments such Shell Oil Co.
(*5* | Reynoldą Metal
record Industria output Sinclair Oil
Bocony Mobiloil optimisan for a portful selfie-Southern Railway (Com.) ment of the Suez crisis, and Standard Brands good cornings and dividend Standard all of Cal.
(From Our Correspondent)
Business done on the Hong-| reports,
Stock Exchange keng morning amounted to proximatoly $692,000. quotations and the morning's irrnsactions:
Concentrated buying by lead-
AMSTERDAM
The market wan steudy.
Prices closed today in guilders SHIPPING per kilogram, elf Oct, as follows: Wheelock1
2.67 paid
3.41 bald
United Press.
CHICAGO GRAIN
DOCKS. ETC.
IC. WHATE
Dock Provident
No 1 rubber
No. 2 rubber
No. 3 rubber
Nc. 1 crepe
Gulf Oil Up 4
Gulf Oil, which mirrors Middle
ran up
Standard Oli of Ind. Standaril o ut N
Sleep Nock
Biering Drug Co.
Stokely-Van Camo Stuntsboker-Packard Corp. Swift & Co. Texas Co
four Union Carbide
United Alterati
points to pace the alls. Texas Union Pacific Hallway Co, ran up more than 2 and a U.9. Full "D" 1520 1633 20 1030 long list of olis tacked on ntore | U.S. Cyperuni
than a point, inchading Jersey US. Line C.
Hubler U.S. Standard and Phillips.
US. Smelling Nashvilio | U.S. Steel
Louleville powered the calls with a gain of Wartier Bros.
Westinghouse Electria 20 more than 2. Panhandle Eastern worth 9.25 Pipe Line ran up more than a
point to feature the utilities.
A Din of 8% in Du Poni 1000 at 43%|| helped the chemicals stand out
250 of 14
ar 13.90
as one of the strongest groups Alurninium 13.50 in the industrials,
Der
33 15
of had
were
The extract closed 50 to 110 points higher with wales at 128 con- tingla
this
Ort
30.00
No
320n
Dee.
37 71)
Noon
Jun
Mar
Mine
Slav
39.20
May
31 40
July
30.31
East sentiment,
July
1.00
..
す
MIL
bring
unworked mineral deposits in the country in respect
which he had a yet received"? propis.
There Wits
Sept
36 50
Nus
30.00
considerable
Standard contract closed 8 to 110 polla higher with sales of six con-
racis
In the US the average spot
cents. price was 33.23 totalled 81,910 bales,
NHAFTS Sales BANKS
Buyer Nelers Malen
Tik Bartk
INSURANCES
About 250 en are now en fundit information about such play f 171 the mine which expresiis on record in the Omer
production of the Cenlogical Survey. uxpect to go slo towards the end of next year, E
Mining Corporation of fre- land Lid Exploratory work
Unic tonbu
1000 1000
ther
32.00
Mal
May
9.20
July
0,60 2900 ut
10,500
Sept
Núv
1
their
ing denter interests and higher ruling of
the London markot influgnets reported were the boosting terminat market prices.
LAND, ETC. HK totel
or group
15.20 13.40 03 0312
700
for While who wished to formulate pro-
consuming and atsals for the exploration
moment continued slow, traders de-counted on
th: a pick-up in the automobile in- demand as
introduces new 1857 dustry models.
the
1100
MARKET
Grain
Chicago, Oct. 3.
prices futures dealer mostly steady to firm
also Board of Trade today.
on
were
the UTILITIES
Humphitys
AURDER Amalg Trunt
10.00 1000
1.473
I BO
Tram
23.00 23,00
Star Femy ..
142
149
Youmatl
110 317
50 212
after
Macao E. Tel. (0) Tel. No
INDUSTRIALS
31 3300 @ 31%% 9.20
24.70 24.00 23.00 34.10
13.30
where there deposits, Bald
for in dollars. Canadian puller, Co Breath. always colin for dollars
paymen
SHIPPERS WARY
being carried out at Beaupare, The Survey would make this
are Information freely available In copper
Castle any interested person and would
assistance nil where Rive blayney. Co Monaghan, there are deposits of lead and power to any person zine.
The company is to spend least £35,000 in the next your development ef unworked
exploratory
A Dosis.
Problems lu getta.g enough ship space might delay delivery ot the
purchase. Egyptians lings that would Shipping Corinally rum to Egypt now ora Lo cargues wary of carrying Egy ports because of troubled political situation created by the Suez crisis.
Sources here, however, that Egypt would be ubio make its own arrangements delivery of the wheat.
The
show
30.8
the
lult
ها
for
figures of
from
In
ufficial latest wheat flour exports
bushels million August 1 to September 12. last year's corresponding period exports totalled 30.8 million.- United Press,
LONDON SILVER
The
PRICES
was
work.
Mr Norton also pointed Beaupare, the company le de-
thut his government gave special watering an old mine and con-
of 14 respeel tax concessions ducting dtainend drilling opera-
new mining projects or 110W
in arens I developmonta
working The Emerald lete
Mining there were Campany Ld: Exploratory China Mall Special.
Lion
*
work is being curled out at Allihies, Co Cork, where there The comE- are copper deposits. pany 1
present pumping water out of old workings and las provided agurances to the Minister that 21 bus almost
£ 100,000 available Lor ploratory work, At present employs about any men,
he
Substantial Scale
x"
1+
In the spot market, where interests buying futures
buyers of were credited modcrate
in the
--
BANK GAINS INCREASE
Gams income of eent have viunguurd
New York, Oct. 3.
operating the net from 10 to 25 per been shown in the
the turd quarter
tonnage
(actual market.
1.50
10-
24 advanced. Light (N) 23.80
C. Light 101 24.50 24.00
Soybeans declined day's opening, but afur mid-morning on commis Esotric sion house buying.
included Reported buyers March one sheet, at 31% cents; December three sheets at 31% cents: January three sheets ni 314 cents and January Lout sheels L 30% conts a pound Spot No. 1 Rss was quoted atment. 32 cents.
SINGAPORE
The market ruled steady but of bank reports for
quet in the morning. Prices wore and the furs! months of this year.
higher as, helped by high ex- great port figures Contribu.ing in mensure to the gross income has
that The Mirister
also sold hopest to conclude negotia- tions soon with another group who are prepared to spend at least £130.000 during the next bom interest on loans affected interest
to sharply higher Future:: by HO on exploratory work both your or
money rates and by generally No. 1 rubber per ib. Oct. 9215-921 in four areas.
volume of credit In
These arces are: Bonmahon, increased
Co Waterford,
wan
nuned
on
copper
London, Oct. 2.
silver
whore of price
a substar Jal quo.cel at 70% pence for spot
79% and
ICT pence
forward scale in the last century; Roar- pence for both ing Water Bay near Skibbereen, (ainst 70%
atcl Kenmare, pestona previously). — United Co Cork, Presa.
both of which there
KOTTY-
Anglo-Japanese Trade Talks
London, Oct. 3.
Co
The Anglo-Japanese trade and payments talks continued at the Board of Trade here today with the delegations split into two committees to deal with the two separate headings "Trade and Pay- ments."
Omcial
first talk
of the
Bald sources
tho Official sources gold the cʊn- delegations forence was not likely to ex- would be to Tovlow Angia- | porlence any "henyy weather Japanes: trade the past on this question,
sald In this
British colonies were said to respect they there were "certain differences be free to ileense Japenese
your.
cl
Ticht mousey and interest rates Are an economie necessity, not political issue, said the First National City Bank of
New York in its October lever.
The Bank said rising interest rics worc not an idea of
two political partien
The
There wis some moderate grades.
Ffor
lawer
Nov. 922-925
Dee. usqunted No, 2 rubber per Ib. Oct. 215-8122 No. 3
13915-901 No. 4
024-931% 74-76
119-121
Spot rubber untaled Hinnkot nepu No. 1 palo crepe
Exporters reported today that the United Kingdom will be on the market for a big amount of US corn Icr December ship-
1% Wheat closed
up 1 10 cory's: soybeans up % to 1%
Futures: Whos, No. 2, red
ceris.
13774-133 14241-3
Rupe
STORES, ETC. Dairy Xb 152 Watson COTTONS
Textile
Narrynent
1420 34.40
4.30 7%
300 100
INVESTMENTS
Allied
5
2030 dr
Singapore
was
up 2% in the metals. Columbia Gas was the inost
active issue of the
04,500
day,
with
shares changing hands, Volume In this issue reflected
a dividend increase.
Of the 1,118 isdes traded to-
day, 720 advanced and 210 de-
44%
-United Pros
THE IMPACT
OF SUEZ
London, Oct. 3.
The Suez
situation in
clined, Now highs were set by certain to affect
10 issue and new lows by 28.
British
New York Stock Exchange Trade
bond was $3,930,000.
American
Slock
some
experts, Board of Regional Con-
Exchange troller Mr Barry Kay said
volume was 700,000 shares.
Closing Prices
Akten lae. Acy.
Allied Chemienis
Allis Chalmers
American Airline 15.00 Amer. & Foreign Pow 14.20 | American Metal
American Spelting American Tel & Tel American Tob. "B" Anaconda Copper 3.05 Armico Beci Artnour Atlas Cons. Mining
Baldwin-Linn-Harn. Baltimore & Oldo Bendix Aviation Corp. Benguet Cons.
Stock Market
Singapore, Oct. 4. Brokera today
quoted ollowing stock prices
Bethlehem Bel Boeing Airplane Canadian Pacific B. Care (1, 1) Co. Chrysler Motor Cumax Molybdenum Colgate-Palmolive Co. Commercial Credit the Commonwealth Elec.
Consolidated Edison Crane Co.***** Crown Zellerboch Cubon Amer, Sugar Diamond Alkali "........ Dupont de Nemours Eastman Kodak
Spot
Dea. 2203 (1) 279 (33
Mar.
May
July
Car, No. 2, yellow
146-150
Spot
Dec.
Mar.
May
1483 14715
July
Rya
103
Des
100%
Mar
Vale
Dee.
2016-44
Mar.
7812
Soybeans, No. 2, yellow
Batu lntong
Rubber Co.
231n
Ltd.
Spot
Nov. Jan.
23816-74
|British Bormo
Petroleum
Bdicato
Opening
$1.04
57/-
Mar
Ord,
27/434
General Electric
Ford Motor ....
MAX
24616
Fine & Nenve Ltd Ord...
$7.12
Prices:
Jual
24714
Fraser & Neavo 1 cum.
27-27% Barley,
pret
$4.00
Settlement house termi November
прод
130-143
Hongkong & Shangiloi
Banking Corp.
#000
December
$13.40
Hongkong Ltd.
5/0d
Job/Mar.
-United Press.
Kompas Ltd,
$1.04
Apr/June
Lunes Rubber Estates Ltd. 05
| Malaya Breweries
$3.05
New Serandah Itubber Co.
Lid.
LONDON
The market was arm with
The lotter said there was no spot quoted at 271⁄2 pence per lb.
Ibrolute shortage of funds but! No. 1 Ras spotr
ra her an increase in demand- China Mail Special.
NEW YORK COFFEE July/opt
FUTURES
New York, Oct. 3. The Santos "S" coffee futures contract today closed 1 to 25 with rales of 17 points lower
contracts.
244-244 | New York flour
200 lb. mek
2014-2016 General markets, cit basis, porte: October
November December
254-2714 Estato crepe thin Oct. Extate crepe thick Oct. 238
-United Prem.
Spot Santos 4s held unchanged New York Foreign
new
awaited while operators Incentiver and rovival of roaster demand in the spot markot:
Future closings, in centa per lb.
Dec Mar.
were:
MAY
July
Sept
Exchange
24-
24574
LONDON METAL PRICES
Lantion, Oct. 3. The fin market was steady, Spot lost 1 sterling to 781
sterling and three months was
unchanged at 7881% sterilng. Turnover was 200 tons.
Consolidated Tin Smetler
Peinling Tin Lild.
| Terties "flotel.
singapore Coll Storage
South Brithh Iurance Co.
Ltd.......... Straite Tractisest, Biralts Steamship Werine Вгод United Engineers Ord.
cdcb.-China Mail Special.
Prices for metals traded in NY Cottonseed Oil the exchange today at the end of the scusion were in sterling per long ton as follows:
buyers sellora
700
Now York, Oct. 3 Closing rates were: Conada
$1.0514 England official
2.703
kpol 3-moniti 2.78.25/32 2.21.13/16 Copper spot.... 2.771 #.70.15/16
2009
30-day futures po-day. Sutures
54.78
54.35
$3.80
32.45
51,07
United Pres
Australia
New Zealand
Bouth Africa
to
be reconciled.
calling for they require and
highly technical discussions."
Higher Level
last
year's trading statislics showed they were already on the increase.
India
London Wooltop
Pakistan
Markot
in official statistics which had imports up 10 the catent
Dec.
New York, Oct. 3. Prices of cottonseed oil futuree closed today in cents per lb. ng follows:
October 11534 Decembej
767
761 770
-
Zine
Landt LeGu Ist half Half Zinc
hale
Det, 115 Jan. 1134 Oct
***United Press.
United Press.
Others were unchanged
Exchange
· London, Oet,
Second stop would be to de-
On the question of payments
cide what adjustments could bonencial quarters said it may be made. In the forthcoming year possible now to do away with
London, Oct. 3.
The wool top futures market London Foreign
under a revized trade and pay the understanding that Japani closed bruly steady today with ments agreement and officialaahould balinçe
her payments turnover of 30 lots. Frices in said it was not likely that any with the sterling ares.
pence per lb. cloned as follows:
100+131 distemente · would be made on
13514-12534
Closing › raČEK WETO: 120%-18016 | New York
the progress of the talks
some wecka"
LOT
The nuthoritativo Financial Jari Tlines scid that the question of | MM. On the trading front it ap-a more flexible exchange rate ag aroc vertain that. Japm was between the yen 'and' pound
no doubt oona det
aking
to osinblish tregin with sterling "will
the sterling unos at a higher up for discussion --United
javel than that of last your,”!!! Prom
1134 January
NEW YORK METAL FUTURES
New York, Oct, 3. „Priece of rectal faturou clorod today in cobla por 3b, as follower
Zino
“United PreON
March
MAY
July September
October
„December
14.93 15.00-00 10.00
Bales 440 contracts.--United", Froms.
Exchange Rates
tbu
Businow was done in the lopal Toniicinexchange, merket
1, ki the, following rates
17.5/ dollar ({vor, $3) JAN Storling notes (ber: 41); 05h || Aletrellam,nates"(per
Indonesian rupiah (per 100) 106810e Ligal, (Þér (200)
General Foods
today.
He told a meeting of officials of the London and southeastern trade region that the new im- Pact of the Suez adds to con- Kinued anxicly
• IT
24
of
18
1091%
ever the effect expert restrictions by Aus- tralia and other nations.
Mr Kay mavo no estimate of 531 Suez's impact on British sales abroad. Official statistics are not Bayet available. 60% He expressed
172
however,
the opinion, that many British
confident
13, manufacturers are becoming in- of their West German
104)
1034
0146
creasingly
ability
to meet
and other foreign competition—
"always provided the conditions remain stable."
Mr Kay said
throughout
southcastern
the
that generally
London and region is being
maintained and orders remain at n good level.-United Press.
NAMESAKES
Answers:-1 Harbour, 2 Kent, 3 Canterbury, 4 Angle, 8 Invade, 6 Hora, 7 Sete.
Hengist
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