THE CHINA MAIL,
TUESDAY, OCTOBER 18, 1956.
*Page
TRADE and
COMMERCE
SECTION
STOCK In Cotton Futures
Conservative Government's HONGKONG Wide Price Swing Tricky Task WORLD Wall Street Stocks EXCHANGE Spot Month
RUBBER Turn Irregular
KEEPING LABOUR MARKETS
VOTERS HAPPY
FROM OUR ECONOMIC CORRESPONDENT There are 12,405,000 active Labour voters in Britain (Tories 13,312,000). There are too a considerable number of less active sympathisers who one way or the other could not make it to the polls at the last general election.
of the
These numbers. include s It was London's Daily Herald, buix
The nation's out of Len 11 the force on whose effutis depend | TUC which demausted "hers can the flow and competitive value the Government pretend that it is of the country's exported in
to alʊp the evet of living ther words Britain a
ing while I urvensingly of econointe Kurvival in a hard
pruletes that pal it "
world.
It would NOCTIT
tes
chummers
fren
Esse
Not Difficult
to
Kan polities and economies 10 keep the large and vital slice of population reasonably
That's
one
I
ציןיומה
And that was the fir
11
wil rme frem the runk
no "any Lusk futanfate of counter blan government pactcularly a Con-
Britain bei valive Before it can get down to a Sucralasts and trade unst constructive jub of fostering the sort of tndustead co-operativn vital to the nation's econ health It has test of all to da li
bit very
of smart
pubhe relations work I has to over- coane,
possibile, the as tur a
New York, Oel, 16.
The No. 1 Itsa rubber futures ntract Jodny closed unchanged with sales of three contracts.
32.90 December The Les contract rinsed, unchanged 1 $5 penis higher with sales of Leight antiracis
November
Dex embe) -
March
May
July
Septriaber
November
32.18
32.10
31 80
310
3090
29.00
New York, Oct. 15,
{From Our Corrispondent)
Business done on the Hong-
New York, Oct. 15.
Annual adjustments in the current October de.
Stock Exchange this livery dominated cotton futures trading today.
morning amounted to approx- Noon quota- tions and the morning's trans-market actions;
Skares
Irregularity came into the stock market todaymately $580,000. with a few selected issues holding the spotlight on wide moves either way.
11 and 16 entrat eloned unchang. | Average, ed to là ponuke higher with no sales Late
that
December March
May
Jule
Septetaler
Nox montrer
32 03
31.70
31.40
3000
3040
20 pu
Themtrail market proved to to this showest for any day The stends undertone was atibuted to the tone
The fact foreign markets, and Meet Mery appeared little rub-
Meskel
cables. to
[7] Abbote speadiness to lack any O ja ule aller neon blowhille demand,” on TOURÉ Commented.
e-
'ན་rརྟེན་t switching Stovalley developed in March-January st Factory buying me 15 pents terest remuined negligible. Spot No 1 Its was granted nominally
ap
to
of The main body
stocks moved narrowly in moderate turnover 1,010,000 shares com- pared with 1,830,000 on Friday. Ralls were the only major
close higher group
adding 0.07 This re- flected chiefly a gain of close to 2 points in Blinois Central on in divkiend increase and a Fun
1 up
In Kansas Southern.
American Among ludustriale, Telephone stood out, turning o small los to a gain over a polnit in the dhy' active trad-
ing.
Southern National Cas Southern Hallway (Com) Standard Brands Biandard Oil of Cal. Standard Oil of Ing. Standard Oll of NJ Steep Rock
دانه
Buyers Sellers
Nalex
3911
DANKS
HK Bank
1030 1043
El hata
244
05
10 INSURANCES
Lombart
42
SHIPPING
on
Berling Drug Co
51
Wheelu
15143
910 55000
A
Stokely Van Canip.
10th
Studebaker Packard Corp.
DOCKS, ETC
Wit & Co.
K. Wart
031
*Texas Co.
Dock
140
40.00
Tide Water Assn. Oll
36
1000
68%
Twenty Century Fox
Film
300
44
City
Union Carbide
500
Union Pacific Railway
Prov
LAND. ETC Ketel
10 1180
14
15.30
isk Land, Humphrey
101
684 201
RUAREN
Maralg
04
53
UTILITIES
United Prom.
Star Ferry Youmou Xn LC Light #01 2400
23.80 (23.00 142 144
25
2219 20
Lukena Steel
more shot up the 7 al ils best and held nearly 4 points of the rise. US Steel und Bethlehem
ensed while Inland 1980 13% points
Coppers Soft
Coppers were soft on lower prices for the metal,
lo 3 ranged close Magma, around 2 in and Anaconda.
Declines pointa in ispiration
Steamship
United Aircraft
US. Tail
ÜB. Gypsu
U. S. Line Ca.
U.S. Rubber
UB. Smejting
U.S. Steet..
Warner Bros.
Westinghouse Electric
West Vn. Pulp & Paper Woolworth:
CHICAGO GRAIN
MARKET
To
Grain the Berait ngan quote what a Vinge fas de a thing like thum **
to
The Jeuls are not healt
forest, opposation le Chancellor Mactri‡-
SINGAPORE
the market
of Acres
mrved sleader Again good demand
fog lower grades. Futures:
suspicion and untipathy of these inn by the very people whose tatugged toward soon on luck Sociaal Party supptæters, and it co-operation he necks and કામ ta tu to within limits of furity round of wage increase what I believes 10
demands
With
attendant principles
the national industrial ind
winch does unrest wellbeing.
Britain no good whatsoever in the fold of mormational trade
-London Express Service
Tricky Task
Is tricky task of win- ning the "workers" ".
co-operation
without pandering weakly 1
the extravagwit
among them.
An important
irresponsibles
14まで A the
formula for achieving this would seem to be avoidance of moves thebe which tended to ELEM! worker and were at the same extremely and ink- lime not mediately vital to the nation as a whole
This might lead uf COLA C to accusation that the
3
W0B
tim
of
"playing
They
Anglo-Japanese Sterling Payments
for
London, Oct. 15. The fortnight-old Anglo- Japanese talka sterling payments trade arrangements resumed here today after a week's break in the con- ference.
Clovernment politics."
So whati Puities are played all the infidit as well be played effec
Britain's Lively. But
present Conservative Government to a dlsintere ted Guæerver would
10 have repeatedly the twe
the need for such
oppear overlook reliency
Finance and trade cinis of delegations Bday hell Ot session the
pirmy und fact in dealing feeling since Monday last when with the labour force which in the negotiath to were adjourned their "nable the experts to make a
detailed stol stied exnuninaticet.
Jargely nympathetic 14) political opponents,
We..ate run i
THE
AntrceTM
st
No 1 rubber L
Novestabes
December
701 2 Abber per il Nov
好
421-02
Juny
unquoted
01-915
No
ជា ! “ អ៊ឹង
No 4ubber per ib. Nay
11. 16 \
Spot rubber unbaled
115-117
Anket crepe
74-20
Nuole crepe..
118-117
a rubber per 1. Nov.
LONDON
The market was steady with
quoted at 27 pence, Prices:
AMSTERDAM
The market Wes riesce Friday, All Novembe“. -United Press.
New York Sugar Market
10
New York, Oct. 15 World Nu. 4 sugar futures to
unchanged day closed points lower with no tales re ported.
The domestic No, 8 sugar futures contract closed 3 points 1 point lower with higher c sales of 58 contracts.
American-Hawujin
be
a smp guiner last week, on re purts the company would
around $160 inquitated ai
denial of the tell umur, then recovered to close up is on the day.
SIN
Tyre shares were strong, Good riels Too 2, Firestone and Rubber around a point
Of 1,118 [ssues traded, were lower, 427 lugher,
US
444
Now York Stock Exchange bond volume was $2,930,000
American Stock Exchange volume was 010,000 shares,
Dow-Jones closings were: 30 industrials
20 rails
Closing Prices
Alluriona Sindlting Ainerican Tol & Tel American Tob
Anacuria Copper Alovo Steel AFITHMUT
Alias Com Ming Boldwin-Lara-Ham
30%
duriner
484
Corporation news. textile developments, export prospects and the usual run of were lost peice shaping factors
sight of in series of wide pries swing in the spot month before expiration in mid-noon hour. Opening at 34.49, the
spot
its
dellvery dropped back to 34.25, then on a final flurry or
or cover- ing raced back to and closed out al 34.08 cents high
a pound, a new for the eession on an over" night gain of 45 points $2.25 bale.
Five delivery nollees appeared against October, the first issued since notice day on September 24. Open contracts at the start today totalled 12,000 bales. The 034 6 700 04 certificated
stock declined 37 bales lo 1 new
low of 2,676
1 325 155 3000 et 1 523
C GARHI INS 2420 24.00 Electric
31
37
bales.
4000 1,33
After
October
went
off the
boord
12.30 ot
down
p.m. trading
ILJ commission
450 g 23 70 slowed
TSN 001
93 40 000
236314.40
house traders and other interests | paused to swalt new incentives,
Monu
Spot
October December March May..
July
October
December
March
34.400
34.25 expirock 34.00
34.17
NEW ORLEANS
Prices of futures closed today
as follows
apot
October
December
March
May
July Quieber December March
33.40
26.43 expired
31.09
33.19
34.00
34.24
33.22
13.20
LIVERPOOL
Futures closings, in pence per lb. were as follows:
Old contracts
Oct/Nov
Dec/Jan. Mar/Apr. May/June
Now contract
Mar/Apr
July/Aug.
Oct/Nov
Dec/Jan
Volume Open interest
October
8/500
May/June
14,000
270314 December
23, 200
438,200
July/Aug
| Tekphone
10,400
+11,000
Egyptian Kärnak
(0) 2490 25.10
INI 23 p 24
200 g 25.10
16,900
219.000
Nov/Dec.
4,700
145,500
1,000
60,100
000
22.700
}
400 1.800
10,500 1,440,800 bates
341
3700 23 100) 24
372 23.90
Maret May July October
December March Total
NEW YORK
Prices of futures closed today
200 17 30 78
15 40 10.00 14.20
700 10
as follows
Chicago, Oct. 15. futures
wurt prices irregular on the Board of Trade} INDUSTRIALS
- fairly Today
active emerit
Rope
13 10 deoling. The
ensed STORES, ETC Wheal market alightly due to light liquidating Dairy XD
n by commission Houses on moistures received over Latige areas of the southwestern winter whe wheat belt during the weekend, Buying by commercial interests at mid-morning stopped the decline.
Watau
Tokyo Stock
Market Review
Tokyo, Cel. 15. A return of bullish sentiment Dow-Jones overage lifted the on the Tokyo Stock Exchange 10 its fighest level since August 28 the market closed at 409.15, up almost eight points from the previous week.
The five-day weather fore easts called for little or no rain, Soybeans rallied shortly after mich-day
higher Fightly prices for soybean
and smaller than expected receipts.
Local trade was mixed how- ever, and trading was light.
Wheat closed off % to 1% pents; soybeste off to up cent
in centa:
Closing prices
2231n Dec, 226% (1) 22743) 221-3
selected Buying centred in 23211-44
slocks especially in the choral- 213
cels 25316
synthetic libres, ship- 2415-223 buliding, automobiles and bear-
ing industries.
Prices per bushel Wheat, No. 2, red
Spot
2401-14
Ü
24.90
888 82875
28.08
00.00
unqusted
SAO PAULO
Futures closings, in cruzeiros
per kilo were as follows:
30.10 unquoled
-United Prem
Oct.
Dec.
Mar.
May
20,00
PO B·IE.A
COMPANIES
PENINSULAR & ORIENTAL S.N, CO.
PASSENGER/FREIGHT SERVICE
Outwards
Leaves Landen
Dan Hongkona
·
"CARTHAGE" "CHUSAN* "UANTOR"
20th October
-
my p
4th November
12th Noversber
November 7th
480,40
161,00
10 titles
69.49
stocka
17.00
33-716
40 bonda
9% 15
settlement housé
November
27-2734
Comm. future pricd index Carom, spot price hiden
100.35
107.03
i eraber
2714-2736
Moody's index
417 30
Jan/Mar.
3771 272
Aur June
2014-17
July/Sept
2011-27
General markets, cif baste, parte.
October
20 21
new
Mar.
No ventbet
204-27
Aiden Inc. Acy.
#174
and
December
May
20-27
Alied Chemical,
July
were
Estate erspe this Det Fatale eps thick Det
Allied Mtila luc
32
5414
|Allis Chalmers
at
Sept.
Aniellean
AIFlute
170
Com, No. 2, yellow
| American Cable & Radio
Cvit).
Spot
Dec
12454-120 13315-71
American Cyananide to
701
Маг
unchanged prices
c#
Amer, & Forgn. Power An. Mach, de "dey American Metal
May
30
July
2
Sept
14244 144
6354 Ryc
10041
Dec
1621.
73
Mar
701
Ost
#54
Dec
7714
181 Маг.
793
Investors have already paid up 27 billion yen (US$75 million) in now capital during Septem- ber and are expected esfied upon to pay in 10 billion yen more by the end of January but the general sentá- ment was that the money mar-
tu
be
ext
#CITRANE "CANTON" *CORFU"
เร
Soybeans, No. 2.
Hallimore & Olio
51
Spot
224
Hendix Aviation Cors
Nov
20714-
kel would turn easier as
Shin Mitsubishi Heavy dustries, Teikoku Rayon,
result.
In- Too
Benguet Cuna.
1
Jail.
Belleher Steel
1071*
Mar
2
Boeing Airplane
041,
May
Harden (The) Co.
July 50%
Burroughs Add Machine
42
Barity,
Canadian Pacife R
341%
Bpot
134
New York Hour
03
4215
7714
7014
49 today in cents
4815 follow:
4041
4812
Chata
Questions
on
no
Yet one. economie benent
neatly packaged
Was the stood to melude the reported sufficient for drop in Japan's sterling reserves the
£ 100 pro-over the past year from paganda they handed their op-millien to about £45 million. ponents Who made you pay
Dealers balances Cuban raw Futures:
11436
Oct.
Dec.
Stay
July
Ryo
Ort
Contract No. 4 (world)
Dupont de Nemours
10011
Dec.
Eastman Kodak
May
14012
Ei Paro National Ġas
July
March
Erie Haliroad
2014 | Barley
May
Family Finance Corp.
22
Oct.
July
538
The
Jamuose delegation 10
Ford Mour
009%
Dec.
Sept
3.33
1021
General Electric
003
May
Spot-(cotita per ib.
General Foods
4012
July
i
ut
wage
demands
Cuba)
324
General Motors
Flaxwood
Gen, Pub, Util
Contract No. 6
Oatly Oli
Oct.
3004
Gildden Co,
་་
Kov
077
Goodrich (B. F. Co.
May
Mar
Crodyear Tire
Млу
Heyden Chemical
July
Iforniake Mining Co
Sept.
0.01
Ingersoll-Ra
Nov,
AG1
In und Steel Co.
Spot-cents per ib. ell NY
ex-duty;
6.75
***United Press.
They have done things which |
paratory doubtless are wel. Intentumed t
uf the analysis well founded and inspired by cuviven
petter vi finde and payments principles of the Coservative
The past year and its things which possibly did need ring doing which may in the long runoutlout for the next 12 months.
Jagtly beneficial, hui politically speaking their timing has sometime: been poor and
prove
they have presented their op ponents with plenty of political Ammunition.
For
removed instance, they the subsidy from bread, a move which was economically sound
EXPERTS
The private- SCUNG VAN began In domestic rows, tightness in on October 1 when the officials | freight space was expected to
Case (7,1.) Co.
Tractor Crionese Corp.
CIT Financial Corp Chare Manhat. Bank Chrysler Motors... Calmax Molybdenum Colgate-Palmolive Co Casertal Credit Commonwealth Elec Consolidated Edison Conumental Oil of Dei. Crane Co. and Crown Zollerbach small. Cuben Amer. Bugar
set up two experis committees rend movement of Puerto Rico one dealing with finance ruotters | raws to the United States this and the other with trado qued-month and in November
ons.
raid unsold quota
Philippine sugar are
discussion
anal in effect fleted hardship among the officials are under-
ان
Diamond Alkali
Dow Chemicals
08
more for your bread?" And this
threatened strikes.
decision coinelded with a round the talks with officials of the Bad, British Bourd of Trade, the Treasury and the Bank of Eng- land is being led by Mr Takio Oda, Minister at the Japanese Embassy hee, Chino Mall Sper al
Rent Decontrol
ous decision. benefit
ok
London Foreign Exchange
London, Oct. 15,
Now Housing Minister Dun- can Sundys announces plans to gradually. It decontrol renta
necessary and courage- More people will than will suffor, operties mouldering because their owners cannot repair them
Closing rates on the totally unstall tic con- trolled rents they receive will New York be put into good shape, houses Montreal will be built for renting, some-Amsterdam thing it has just been un-Brussels
Copenhagen economical to do until now. Frankfurt Nor
that many Kilan is it leely workers" will be adversely Paris.... affected,
A necessary move, but whe
If vitally and immediately
necesary? Did it have to coin-
Stockholm Zurich
0.70%-2.10 11/10
27134-2.71 7/10
10.03|6-10.0331.
Int Business Machines
Int'l Barvester
International Nickel
International Paper Int'l Tol de Tel
John-Manville Co,
NEW YORK METAL Kansas C. Power & Light
FUTURES
Now York, Oct. 18. Prices of metal futures closed
139.02-1:30.07% today in cents per ib, as follows:
10.3376-19.34 11.704-11.70% 1755-1784 0021-00225 14.4015-14.404 19.234-12.231.
Others were unchanged.
Now York exchange rales
cids with exhortations to wage were unavailable.United Prose.
restraint by Chancellor Macmil-
lén nnd vowals of hostility
Union
towards his polletts by The powerful Trades Congress.
CHICAGO LARD FUTURES
October Lond
November Tin October
November Ztur October
Nuwer" Copper gelober
Kennecott Copper Libeguit, Meyers Tobi, Co. Lockheed Aircraft
Low Incorp).
Lone Star Cement Co. Loulaville & Nowvtila" R." Lowenstein & Sonr Mambi from Corp.
18.07b Minnesota Mining 18.08) | Minulon Developme 101286 Monsanto chemical Co. 10210) Montgomery Ward
18.17 Motorola, Inc.
13.150) National Craft Reg. “AG 14.706 National Daley Prod. 54.50 National Lead
November United Prem.
LONDON METAL
PRICES
London, Oct, 15.
Prices of metals closed today
R
National Bleel Corp.
New York Central
Our MathieNICITY,
Qtle' ElevatḤTY.
Owen-Illinois Q
Poclip Ge & Elec, Pan American Airways Parsinount Pictures Parke Davis Co.
Penny J.C. Ca.
Bann. Seit Co.
Pillip Morr!0)
in sterling por long ton as Proofer se dabbit Co. Chicago, bat. 10.
· follows: Prices of lard fütüren closed today in cents per, lb, as follows; Tin's glob
-What wonderful propaganda for ether Stellists. Look at the Torica
récord. housing Macmillan stops you buring « Hoy with his credit squYERBU ond Sindri trinked it tough to
Not strictly true, but it will f
Det
Nov.
Mar.
May
Copper
·112.20.
Lond
Lead
Line
zine
buyers milers Publickor. Industries.
Bottabsargh Plate Gloss
180 12
Put On
dis Corporation
Biosaly 01).
STIL
200 ib, sack..
240-24032 Spinning, Nozaki Sange Electrie and Taho Motion Pictures were 24014-12
among the varied shares proffied
on the trend.
120-148
$13.207
United Press
WINNIPEG, GRAIN PRICES
Winnipeg, Del. 15.
Prices of grain futures closed
July
per bushel
Ajinomoto remained constant at 199 yen.-United Press.
London Stocks Improve
London, Oct. 18.
The London Stock Exchange sidestepped the Suez situation and moved higher with indus- trials, including oil shares, in good demand.
British Governments 01.0 made a strong showing, up an 276-27734 | much as & In Old Consols.
10/-. Royal Dutch addect
United Preus,
Electronic
Tube Factory
Paris, Oct. 16.
The Peking State Elec- tronic Tuba Manufacturing Factory, the first modern factory
Lesser gains appeared In
British Petroleum and Burmah Oll
sewhere in the industrials, electricity and engineering shares enjoy rises of a chilling Ford tor Rolls-Royce, Motors and Unilever were up fractionally.
میں
Foreign bonds were Ignored. Gold and other mining shares also inet very little demand.--- United Press,
of its kind in Exchange Rates
China, has started, pros duction, Radio - Peking re- ported.
The radio said that Chim planbed to builti, a series of mach
this
Dualnem seks done in the local dinofficial exchange market morning at the following rates- 1.9., dolar (per $1) getting notes torr Rij
listesian noten (bør 21) Ellam tidal (por, 100) Bngapore (štuka)
modem radio factorios to overthortesian rupiah (per 100),
come the
bucklandneks k radio industry.
According 40.
In
the proliminary
period before formal production,
the Poking factory hild, sucesedi
dd: în transfetticing: oD-RT, BRA Geramental bosis: 10% varisiles, opt 40); electronic tubes, which manures
ph up to strict international star»
NAMESAKES:
Answerssal Adjust, 2 Balloon. a Ascent, 4. Quiet, 6. SuocORE/ Observe,
Saku Manobuvre, 9 ɑlobo, 10 Descent, Hledactory is equipp
quipped with 11. Atunde 12 02A:17 Record, machinery from › the Ulsa," the 14′′ Valves, 15 France, 10 View,
concitaded." "Tinee- 17 Basket, 18 Survey.
|| Jacques Głonigolfer.
"CORFU
10th December
Vis Southampton, Colombo, Pedang & Blogsporn.
Bambawarde
“CARTHAGE*
Leaver Hoogkang
Due Londen
November
30th 1st November 8th November
16th November
142h Decernitier
3rd December 18th
December
Bath January
Via Singapore, Paning & Calamba,
FREIGHT SERVICE
"SOMALI” dae 20th Oct.
"SINGAPORE”16adə 25th Oct
"SURAT"
"SUBAT"
de 9th Nov.
loads 2nd Dec.
"SHILLONG”due 12th Dec
from UK.
for Bingapore. P. Bwat- tenham, Havre, London, Hamburg. Rotterdam, Antwerp
Qrang- mouth
From UK,
for Singapore. P. Swet- tenham. Havre. London,
Hamburg.
Rotterdam, Antwerp & Grange- mouth.
from U.X.
ALL VESIELS OUTWARDS AND HOMEWARDS
HAVE
PROCEED LIBERTY, TO
VIA BUZZ CANAL GAPE or dood nora OR PANAMA CANAL AT OWNERS OPTION,
BRITISH INDIA S.N. CO., LTD.
1458 –– A HUNDRED YEARS OF SERVICE — 1934 "SANGÓLA" due 21st Oct, from Japan salle pind Det.
for Singapore, Panang.
Rangoon & Calcutta
F. & O./B. I. JÓINT SERVICE
"İTOLA"
dae 17th Oct. from Karachi & Coolin sails 19th Det. ter. Japan "ISMAILA” du 29th Oct. Kalle 30th Oct.
from Bombay, Cochin, Colombo & singapors fot Japarn
EASTERN & AUSTRALIAN $.S. CO., LTD.
"NELLOBR” alls 10th Nov.
"NANKIN"
anila stii Dec.
for Bandaxan,... Ribau), *Grisbane, Sydney: Male
bourne de Aistside
- for Bandakan. --Rabarut, Brisbane, Bydney) 241- 'bottene di Adelaide All vaddala bavé libèrty ́to enll at any pirts_on. or of the roitia & the costs a sažilig am subiven 'to'cháanò or armandinens, with or without notice.”
For full particulars upply col MACKINNON, MAGZENZIE & CH OF HONG KONG LIÐ. Telephone Has: 272211.