TRADE
THE CHINA MAIL,
and
WEDNESDAY, OCTOBER 17, 1956.
COMMERCE
SECTION
Equal Pay For Women Becomes
WORLD Issue In NZ
COTTON MARKETS
New York, Oct. 16.
today Cotton
futuros drifted irregularly lower after a stondy start with
activity slowing
the decline.
down on
Plentiful offerings in nearby Doceniler delivery
at the 34
con line, emanating from leal- Ing spot tejests, mil powstallity
CIVIL SERVICE
CASE SPOTLIGHTS
THE PROBLEMS
Wellington, Oct. 16.
Equal pay for women has become a
of urteased hehe lively issue in New Zealand.
The harvest season luominently
reach a renk, were restrain
TIM Ty
Ca o
Ani bol
Jow
+ to
in the & trance
angelion the st
10
SEE
ey were un-
Mr Sidney Holland, the Prime Minister, of eleven has invited representatives
to 33 pos: women's national organisations to discuss problems of women's salaries and wages and other matters of specific interest to Conversety srule-dawny buying | Women which may be suggested by those
New Orleans, i loset D# 13
32 bits
for all interests, exporters nud
saltgod sources rushioned the
declines.
trit 3.
organisations.
The spotlight was torn al subje
The Mary ide of toon ele
by what has coine that with posabilities
"Mis to be known hore as the mupumings will creste a tight
wash the Parker va Huntion 1ster ritu Shappily
Minister's Beban being taken season, and impact of the Boll bank 12 14 next year's in- a result of the fan art! ser buelo, is.lped
market sentiment
shape by d
JA Parket,
The Government weekly cap Sumay Budel harvesting inde rapid propone us the train belt of dry under
influence
although MOITI Funny weather.
developed in the extreme north, Central Texas and much heavy
of Oklahoma because of showers at the week-end
The
stock vertißeeled at 1,070 bries Valuwe
23.100
24.300
rom
m nec
Mu
Capen interest
11ec
426,300
MI
418,100
Max
11,300
2112,14:
July
1.03
140.100
•
3H
THE AD
A 100
HVV
100
* 100
Der
Mar
Tutal
3,443 200 bales
NEW YORK
+4
Reduced
#
It was round these two con- ring viewpoints
very
Zealand.
that contro- raged throughout New
14
on a
Packed
for
CANADIAN
COTTON
TEXTILES
mills
A
Montreal, Oct. 16. Canadian cotton Exile today reported alight slump 123 activity In September compared with the previous month and with Beptember last year.
Domestic mills opened 29,304,500-pound bales of cotton Last month compared with 32,480 Aurust and 34,263 September 1955, the Col- of Canada tan Institula announced,-United Press.
in In
HONGKONG
STOCK EXCHANGE
Canada Wants To Increase Exports
To Latin America
H
Ottawa, Oct. 16.
Page
WALL STREET BACKS DOWN BIT FURTHER
New York, Oct. 16.
Stock prices backed down a bit further today in light trading, highlighted chiefly by weakness
in selected chemical and metal shares.
Kengweet! Copper
The declines amounting to Kases C. Power & Larist 1.83 in the industrini average, Lockheed Aircraft
In Low Incorp 0.27 in rolls and
0.83
ut fifties were wider than yostor. Le Stag Cement Cu
Larvenalin & Sona,
Canada's trade with Latin America hasy when only the industriels Meat list Cor
shown a remarkable increase in percentage terms, since the outbreak of World War II, but it remains disappointingly small in absolute terms.
Since 1930, Conadion exports, mainly manufactured goods, 10 the 21 Latin American re publics have increased oightfold. 1010. In return, imports from them--~
coffee, potroleum,
curva, bananna, cotton, fibres and sugar -have multiplied twentyfold. last year, the total of these to only mounted
dollars (about nad dollars
Yet,
oxfirts 171,000,000
60.000.000)
320,000.00บ
£170,000,000),
(From Our Correspondant) about
imports 10
(about
Inconsiderable
WORLD RUBBER MARKETS
New York, Oel, 18. The No. Hss rubber future I dosed today 10 points bigho"
with no sales reported.
Dec
13 KE
deened on average but trading
lightened a bit.
Turnober 1,500,000 compared with 1,010,000 terday,
shares
Mission Bevelupenent Montgomery Word Motorola live.
nature
you National Cash Reg. A
Notion Dairy Prod. New York inten Ona Mathieson
15003
tape, 828 Duis Elevators
Out it o tuta 1,136 appearing on were low
higher.
Is the day, 355
Losses in the chemicals
2 point is Allled,
Non-Ferrous Metals
Among non-ferrous
run
sea-likonis Otr
Puraunt Picturve
Parke Davis Co Penn. Salt Cu.
Philip Morris
Pittsburgh Plate Glass
Publicker Industries
Pure Di
Leynol Metal
Shell Oil Co...
inctals, Saint Htest. Paper
International Nickel and Kene-Sorony Mubitoll
Saudi Je to Ries Sugar coll Copper lost nearly 2 pointa Southern Naitotal Gan
Magma
Kolser Buthern Railway (Com.} | Cheb,
23 Aluminium and Smelling nearly a point each.
steels There wa.ength in with
als of 15 points Youngstown Sheet & Tube, t
Lulo, 13 Sharon and 4 it in Bethlehem,
American Steep Hock (Torentoezi
Standard Brandis
in
Royal
Standard On of In
Stament i at NJ. Sterlips Drug Co. Stokely-Van Champ. Stixlconky-Packard Corp
Swift & Co.
Tido Water Ami. Oil Twenty Century Fox Filen United Aircraft
Call - | 17,8. Full "9"
162 oil, Gulf fell nearly
Continental, points Tutch n Sloniare of foniu around a polut.
Motors ved narrowly. New York Stock Exchange Exchange
bond volume was $2,955,000,
Stock
American
y lune wa 640,000 klares.
Dow-Jones losing:
Nov
$3.00
Jan.
32 10
Mar
31 DO
Moy
165
July
Sept
30.65
Nov
300
Standard
Ponirut!
three contracts.
15 points higher
closed 10 with des
Dec
15.75
Mor
31.00
averages
唐揚が
21.35
July
31.05
30 industria
407.07
Sept
30
100,7
Nuv
30 20
15 utilities
60,10
53 stocks
172.30
Steadier terminal market ne-
mainly a tion considered
10 bonds
92,46
re-
Comm. future price index Comm, mot price Index Moody's index
100 20
413.00
Closing Prices
20.00
The tex comrnet eloed 6 lo 15 pobits higher with sales of Those totals are inconsider-2 contrrets.
whole nble in relation to the trade of Latin America, amount- ing to over 7,000,000,000 dollars ex- £2,400,000,000) of ports balanced by roughly a like mount of imports. Nor do they major proportion of Business done on the Hong-form
which Exchange this Canadian trade
Lotals Stock
9,000,000,0BO dollars to appro- roughly morning amounted
(over £3,000,000,000) a year. ximately $650,000. Noon quota,
Trade to promote Missions tions and the morning's transse-
have been undertaken through-I tions;
oul Latin Amerlen by Canada's Cum- Minister of Trade nierce, Mr C, D. Howe.
Government But the
reni improve- cognises that the 1
come ment will only
through con of London cables, plus ment private enterprise in both areas.mited shipment offerings from the Far East as Singapore ob- With this in mind, conferences between Canadian trade officials served a holiday. Intra-dealer
switching of interested in businessmen
held rex contracts at 20 points pro- trade were this southern I recently in Ottawa.
There was general agreement that, provided businessmen be enme stirred by the possibilities of Latin America, exports could be increased in spite of dollar shortages in some countries.
On the political side, a peren-
question has come to mlai
Canada fore: whether
to the
Abores
BANKS
Buyers Nelers
Matek
lik Bank
1840 1030 20
184033
1043
the COIT!**
INSURANCE
Lombard SHIPPING
Wheelinck
3 00
B.00 1000
1.90 200 U 1500 8.03
flemt arouncemes, of Mrs 1.
of enstatement Parker who is the family bread- winter since her deal student Nt 11 qualifying. Young husband Mrs mailed woman employed the stated that the Commission and Inland
Department, the Revenue
A somali
formula the maxumutn agreement
dealing with the Parker મ hier grade CA95 sulary
successfully topending an examination of the year--appealed
relating of general problems The Public Service Board
of women in enorty grad-employment Appest welast u
to a young man Public Service. ing awarded
but "Implementation of the Board £ 400
1 year, Deriving
yourly rises of Appeal's decision an to poal- entitled to receive
ton, salary and maximum will p to a maximum of £735
be frozen' from the date of year
until such resumption
are Reneral negotiations Dleted, it stated, and added: "in the meantime, the Commission will deal in the normal way with recommendation or applica- tien that may be made regarding
DOCKS, ETC. promution for Mrs Parker Mrs
The Commenting on
Prime
K. Wharf meeting Deck Minister's forthcoming
of the Provide with representatives
(0) women's organisations, the con-
pay sub- LAND, ETC. of the equal Vener
pr commitler
the national the executive of the Publle Service Hotel
IIK Land Proteals were made by
Association, Mrs Joyce McBeath, Humphreys the Public Service Association,
New of Wellington, declared: employco organisation of
at Zraland public servants,
Public Service meeting wonen,
Art by Opposition members in Parlament The furore reached
Two and a half months after
the appeal. the Public Service Commission transferred Parker to the Post occupied by Prices of futures closest today man against whom she hud
ruticed and appealed. 20-03fary to the level o£480
Year,
25 foth.us
Mart
Spot
Ma
Max
JA
Del
J
Mat
NEW ORLEANS
34 35.
130-03
34 60-01
Peter of futures closed today.
a tolkwy
Awit
Dee.
Mor
May
July
37-
Ma
33 87-90 33.87-09 *39 Ju
tion
32 (0
2
LIVERPOOL
by
verssfully,
nt
Et
her
BRF
pirated
any
Potential Threat
"The
Association
.
42
1451 1300 431%
13.00 14
100 13.00
15.40 15.00
64 0311 101 19.00
1000 A 151
100001
RUBBER
Amali
155
1.GO 20,000 A 1000 <1
1.55
1 63
UTILITIES.
Star Ferry Yaumall XD
*,00
110
1000 23.08
6. Light (0) 14.00 24.
h
מזמלני
。taf the peak
that equal pay la not 3399-40 will allegations by the Oppos!- upimon
a women's question the essentially Parliament that Pribble Service Commission had and that lower wages for women Mrs are a potential threat to men's Intimidale 11 Ltempted
interests Parker and had veelmised
"Public Service inen 64201 because she
women are working together to
I am dis- Macao E solve this problem.
Tel. 101 that no representa- Frét. (Ni Finally, a joint annuincement appointed i was made by the Publie Service tives of the trade unions with a
the Association and
Public large women's membership have
been invited to take part in the INDUSTRIALS that Mra
in discussions."
China Mail Parker had been reinstated
her Special. LIL furmer position her former salary of £6953, the pre- also of 2005 vious maximuin
Future clings, in pence per j
lb. were as follows
Old contract
Oct/Nov
Dec/Jan.
Mar/Apr
May/June
July/Aug.
New contract Qe)/Nov
Des./Jan
45 47
23 24
210
23 20-22 Service Commission
2400
2007
24.60
240
Mǝr./Ap:
May/June
23 20
July/Aug
25 10
Egyptian Karnak Nov./Der
១០ យ
to apply.
SAO PAULO
Mrs Parker's appeal was
S
a test car con- the nature of cerning classification and senior- men and wonen in cruzeirosity between
the basic grades of the Public Service,
Future closings, in per kilo were as flows:
Breenber
March
May
July
October
30.10
30.00
38.50
38.76
33.80
Saler
In the US the averages spot prico
33.10 crnls. ང་hu
bales-United totalled 00,039 Prc:39,
New York Sugar Market
Male Cadets
your,
about
40
Anglo-Japanese Trade Talks For 1957
con.
Cancit
Stops
STORES, ETC. Dairy XD Wation
COTTONS
Textile
Corp. Nanyum
London, Oct. 16. The Anglo-Japanese Early this
trado and payments women issued notices of appeal ference,
Service Com- Public mission against new appoint- talks on arrangements for Year's forthcoming Public Service the 41 the
trade.
to the
menta notified in the classification st Issued last December,
3350 ## 24.90 431.75
471 31.75
and
the
should
Join the Organisation of Ameri
January-March
trade feature. vided one
con- Switching of March-May tracts also were indicated.
Factory buying interest con- tinued slow and limited to All- a needs. Spec No. 1 Res was queted nominally 32 conts,
LONDON
The market was steady with
Can States, formerly known as spot quoted of 27 3/10 pence
the Pan American Union.
Friendly Terms
lu discussion of the External estimates Affairs Department's
Mr Lester before Parliament.
referred to the matter Pearson in guarded but friendly terms. Probably, at the moment, a tle- cisive argument against joining 1500 31.75 is the shortage of personnel in
the External Affairs
* *
50031 73
50032
24.10ment. Foreign service
1920
24.00
200 25
23.00
140
210 24
343
23.90
3811
40
13.30
10.30 1831
7.00 1000 7.45
Singapore
today started Stock
Depart-
oflivers
are already overworked trying to attend all the conferences to which
Canada is committed.
Ching Mall Special.
Pricos per ..
Alden Inc. ASY Allied Chemicals Allied Mule Inc. American Airline Amer, & Forgn. Power Am. Mach. & Pary American Metal American Smelting Am. Sugar Bel. Amarkan Tel. & Tel. American Tou. "B" Anaconda Copper Armco Steel
205 Lie C
US. Rubberg US Smelting US Med.. Warner Bros. Westgh Woolworth
Elvetile
Uulled 1-ros
London Stocks
Move Higher
London, Oct. 16.
Stocks moved irregularly 100% higher in active dealings on the London Exchange today.
73
Armour
1835
Allas Cons. Mining
Baldwin-Lima-Hom.
131
Bendix Aviation Corp.
Fat
Benguet Cona.
Bethlehem Steel
168
Boeing Airplane
Na. Bas spul
27:1-271
Camo (21) Co.
13
Settlement house terth
Cat Tractor
DON
Nov.
2714-271
Celanova Corp.
1476
Doc.
27
Jan/Mur
Chrysler Malon Climax Molybdenum
Apr/June
July/Sept.
27-271 20-20%
Ganerni inarkein. clf basis, ports:
Oct.....
207-27
Nov.
Dr.
2014-2716
2014-27
Estale crepe thin dot.
thick Oct. AMSTERDAM
342
The market was steady. Prices closed today in guider por Kilogram, ut November as fol- Iowa:
No, rubber rubber No.
No. 3 rubber
CHICAGO GRAIN Ne
MARKET
Chicago, Oct. 10.
futures were
en the Beard of
Prices in grain
Trade today.
steady to firm
the
After an irregular opening.
to advanced the market day's highs for most contracta
were houses Commission buyers of wheat on
Marketi
nows
nid to Yugnislavia Among by the United States. other commodities, wheat, lard und edible oils are expected to be included in such old, with for the a grant of $1,000,000 purchase of US wheat flour.
The uplum In wheat wor the responsible mainly
trend in other grain higher futures. $2.00
Some buying in soybeans was caused on reports of an anti- of US cipated large purchase soybean ell by Spain. Expor
said, however, that demand Стя
as slow. Was
Singapore, Oct. 17,
quoted Brokers today
of Following the notification
It is understood that the past following stock prices:
occupied their appeals, the Public Ser- fortnight have been vice Commission informed the mainly with collating Japanese Batu Lintang Rubber Co, Ltd. 41.78 women who had appealed and British statistics for. New York, Oct. 10.
against male cadets, that should past year's trade and payments consolidated World No 4 sugar futures te-
they carry on with their appeals operation. day closed 1 point higher to 1
could not expect to they
be point lower with sales of one
in botter positions than placed contract.
people against whom they Domestic No 6 sugar futures had appealed.
to 2 8 points higher closed
The president of the Public points lower with soles of 100 Service Association, Mc J. T. Just anished its work and au Laine Rubber Estates Lid...
claimed at i
was thoottative gources auid
the
Ferguson,
her
ing Corgi,*****
for
the
Opening
started, the
into
Borneu Petroleum Syndicate JAN Smelters Tin
Fraser & Neave Ltd. Ord. first When it
Fraser & Heave Ltd. 74%
cum pref. ................. conference divided
Gemmons Malaya) Limited.. committees to deal separately Hongkong & Shanghai Dank with trade and payments,
The payments committee has Hongkong Tin Lid,
the Britis
B4/-
27/Dd
two
84.00 $1.97
8005
$1.00
0.03
$1.07
ground" and Petaling i Lid. on with negotiations for a new Rames Hotel re trade and payments agreement. Bingapore Cold Storage ...
Lad. Board of Trade sources said Borth Brition Insurance Co.
conts; soybeanu up
$1,00
When closed up 1 tú 1%
to
1
15,40
cont...
$2.50
Wheal, No. 2, red
$1,00.
'Spot
Dec. 279% (H) 297!1⁄2 4
$33,50
Mar.
$5.80
May.
$15.50
com-
United Engineers Ord. Warne Brow
axdiv: pedal.
10.10
Con, No. 2, yellow
cindyChina Mail
conference
| Kompas "Lida Pan
tha Mayon Browarien ajaran was expected now to New Berendah Rubber
contracts.
Short covering in the nearby because Mrs Parker won November Ufied December de-appeal that her salary was cut "break now livery to a new seasonal high from £693 to £480 a year and Trading in November will and she was removed from a ro
sponsible job and given Junior
on Friday.
In world raws, Holland was dulles, to described the action it was expected that the talks Buraks Trading
Com-would go on for a very long Burgos az iga the accredited buyer of a cirgo of the Public Service
Lime,"
of Dominion sugar, November shipment at 3.38 centa a pound, Lob. Futures.
·Contract No. 4 (world)
March
KAY.
July
Spot (centa per
Cutro)
3.24
Contract No. 6.
Nov
11.86
Маг
0.49
per ib. elf.
mission as "Int
There was no officiat
"Intimidation." The Chairman of the Public Service Commission, Mr G. T. Bolt, claimed that his organisa- ment but it is understood that on had not cut Mrs Parker's the main tanke would be a de- talled examination of Japan's salary.
He inid that the Public Ser.Sterling payments-United Press.
vice. Association had always maintained that
where an op-
the
successful Exchange Rates
pool succeed be placed appollant
the past occupied by the per-
be
son against whom he or had appealed. This, he claimed, www what had happened In the
Parker one, which he described
thinly veiled attempt
as
Introduce jecjuši pay by:
MustŃono-rwis dete home exch
morning 1: the fol 1.8, delar (par staffingimused Xpe Australia
Blame (per. Singapore (Wienita),
CHICAGO LARD
FUTURES
Chiesen, Ost. 18,
No. 1,
the local
of Land Gullares a closed day-in conta per ib, as follows:
200)
2.01 buyers
2.62 buyer 147 buyers 1.45 nom. United Press,
London Foreign Exchange
Landon, Oct. 16. Closing rates were;
New York
Montreal
Amsterdam
Brussela
2.784-2.23-11/10 2.71-5/10-2.71-7/10 10.01-10.4125
139.7215-130.7719 19.34-10.3435
1754-178414 19.00-20.003%
DJ314+90346 14.4721-314734
Copenhagen Milan Oslo Paris Slockhalin Zurich Dlhers were unchanged
New York exchange rates unnvaliable, - United
wero Preis.
1223-4-17.23%
LONDON METAL
PRICES
London, Oct. 10. Pricer of metals closed today sterling рег long ton as follows
Tia pot
buyers sellers
пол
1907
783
279
280
Jan.
.1152/
J-month
Copper pot
Залихи
Leni 2nd half
Zino 2nd half Oct.
Jan.
United' Press.
NEW YORK METAL FUTURES
Now York, Oct. 10, Prices of metal futures closed as follows (in certa per lb.):
Load
Tin
zind
Colgate-Palmolive Co. Commercial Credit
Commonwealth Elec.
Consolidatod Eduon Старе Ср.
Mille East worries acted to estrain any uniform advance, but most sections closed with a sprinkling of solid gains
Short covering helped selected inchustrials manage fractional
Rolls- advances. Courtaulds,
Royce and Vickers were upaldo features. But Bowater and Great Univermi Stores gave up almost
shilling.
Olls were uncertain,
4014
401
4812
어
Cuban Amer. Sugar
10
but closed about
68
Crown Zellorbach
Diamond Alkali
Dow Chemica de
Eastman Kodak
Erla Hallrond
Family Finance Corp. Ford Motor General Electric
General Foods General Motors Gen. Pub. Utl. Getty Oll
Gildden Co.... Goodrich (B. F.) Co. Goodyear Tire
lloyden Chemical Romatako Minna Co. Ingersoll-Rand
Inland Steel Co.
Int' Bulness Machines Int Harvester International Nickel International Paper Int'l Tot & Tel Juhn-Manville Co.
A NEW
Royal
Dich was up 21% of one point,
£44 lower.
Smail lossta predominated among
784 other leading oils.
2012
British Governmenta wero and managed a few gains ning to £ and more. Dollar stocks hesitated and
with A
of Tumber
onc.- opproaching
47% finished
declines United Press,
NAMESAKES
Answers1 Cape, 2 Cabinet,
3 Scholar, 4 Africa. 5 Imperiol. 0 Pioneer, 7 Rhodesin, 8 Govern 9 Oxford, 10 Empire, 11 British.
Ceell Rhodes.
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