TRADE and
THE CHINA MAIL, TUESDAY, NOVEMBER 6, 1956.
COMMERCE
SECTION
RUBBER MARKETS
Early End To Suez Conflict WORLD
Necessary HONGKONG WALL STREET
OIL SUPPLIES KEY TO
THE POSITION
From RONALD BOXALL
London, Nov. 5.
STOCK EXCHANGE
(From Our Correspondent)
Business elame on The Hong- kong Stock Exchange LIS
STAGES
SMART RALLY
New York, Nov, 5. The No. 1 Bar rubber futures contract today clored 5 points higher with enica of 22 con- tracis.
Dec.
40
................. $4.00 The rex contract closed points lower to 5 points higher with sales of 104 contrasts.
Nov.
Jon.
Mar.
May
July
Sept,
Nov.
Standard
20.33-00
3430
37.69
It on
33.25
31.80
31.10
contract Closed $ mid-points higher to 20 points lower which with sales of one contract.
New York, Nov. 5. Stocks ran up to their best levels since morning amounted to approxi-September in a pre-election rally today
generated the heaviest demand since June 8.
Nom quota-
mately $740,000 brea and the Thrig's tranz-! uctions
I Kharen
BANKS
ik Kanc INSURANCES
Wheelock
K
XKS, F Whart Dek
The situation in the Middle East is SPPING still too confused to allow pronouncement to be made with any certainty on its economie
consequences.
among informed
The opinions! quarters in London, Hote however, is that these consequences are not likely to be serious if the conflict along the Suez Canal is
quickly.
The
5-
Antirav Raden'. des bunt,
export freigh
ended reasonably
Fur for wint events, though some of
Invery Heliers
Kaler
เก
ERA
ALDO
2000
TAJ
33324
5000 44
מד
1
Turnover swelled to 2,830,000 sharks from 2.180,000 on Frklay with the wavles Lush coming lake in the day as prices move to their bighs.
2
Oil shures, steels, netals and chemicals preed the rise which talured Banérouş gains of
and $214 CUATI ard 3 points
diyaraa! wider moves In specialties.
Industrial ga gloup climb-
+.00 Oti
average.
Justment of 140 points
American Cyanumide Co. Amer. Foran, Power Au Mach, & Pikey,
American Metal American smelting Am. Sugar Ref, American Tel & Tet American Tob Anaconda Copper Armon Steel ... Armour....
"
Atlas Cong, Mining Baldwin-Lima-2mm). Baltimore • Ohin
170
80
1
19%
Dec.
Mar
May
July
Sept
Nov.
34.38
12.30 3210 21.43 30.95
Alternate railles and declines un The terminai market reflect- speculative uneasiness In face of Middle East uncertain- thes and evening-up before the election day holiday tomorrow. News of a ceasefire at Fort Soid brought a sharp
post-opening
027 stump with market rallying
לי50
300 # 13,24
500 350
200 or 475
Puny
LAND F
f7. 13.) 13.965
1-460
Bendix Aviation Corp. Ilevel E
14
despite
Bethlehem Steel
107xd
500 u 1400
300 14 70
for
Boeing Airplane
Borden (The Co
BK L.
+
190) 2
PAKI
nary
ca-dividenda 192 and withley adeled 0.10.
Itails
were
BP:
Burroughs Add Muchine
40
Of
Canadiate Paese
azy,
40 to 03
Humphrey
AT JE
1424
0 0 57
102
1990 | 12'y 10000 16
testi 1.177 issues traded. 733 were higher, only 220 lower on the day.
Cave &
13
Cat Traciar
112
Cennet Carp
144
"
1975
PTILITIES Tram
22 10 22 Bi
2003 - 22 TKJ
130022 30
103 300
TOF 23 74
21
vem began the cautiously to lay, Yapmalı
Britain's 12 The Egypronefstart con extra storks when A has me wonda welog whs und
Commodity prices.
Late
ster baut weaken against the abelian went
Contaental cutenests, anel
the London
Work
Petange
ľ Jabet
:11-
git-edged and other fixed terest securidien, went ter
Ve
But the question p everyone's nun
Votices Br
lain's supplies te bere Pul
Tecnomar shams ed cloure of wouk! be felt However, t
of any prolonge
Suce Can must severely WAR common duper rather than any intention of taking inmediate emergency action that prompted the Bitish Governmrul lu take powPIS
i
regulate production, distribution of petroleum consumptem
und products.
No Alarm Yet
Price Rise
ויוויד י ן
יו. !. ! י
די
Jead, m
LENOTY * Telephone -ubotally
but the saner sanaven day after
mk
500 23.80
Oils Ease
Report of a ceasefire. in Port
1000 23 20 Sad odded impetus to the rise
*200*24
KHO DO
and brought a
Smart recovery
in International oils which hod
been lower
CIT Financial Corp Chan Machat. Bank Chrysler Motors
Clunax Molybdenum
| Colgate-Palmolive Co
Commercini Credit
| Commonwealth Elec. Consolidated Egimon Conumental Oil of Del Crane Co
| Crown Zollerbach
Cubats Amer Sugre Diamond Alkali drong, Dow Chemicals
dealings in early
while domesthe
early in the session, elusent,
Among the International oils, ver 2. Royni Gulf
ran up
1920 teh neurly 2 and Getty Oll a point. Seaboard Ou,
Skely. Sanclear, Ainetada and
10023 80
(23 20
500 3.21)
Electric
BU
142 20
242130
incl
Fand
:
stovent t』,""x# the adtral ave
100 24 20 240
AND 23 30
TRGB N
300 24.
INDUSTRLNER
sential aw come from thir the present realTected endlat Bat semper of the
**
.ca
BOO 1000) 23 20
259 44 37 200
#
close to
Hopk STORES, Eic
Dary
1400 14,70 2750
}
360
44,00 I
13
Jersey Standard around
VOITONS
Fextiles
Nanyang
Тапивяла
te-
Ahied
100
7 4 14
Uka little de
اوود
ps Trough at en thee why to: Watson Bank these would have to
Jar en ported by niter ventes, sufletent 101 This Stocks comtry to ride usehustry over the
supplies are perd whic layed by this tidung, but the
would Junger seu l higher Buks
1
The tall in sterling resulting from the Middle East flare-up was enshaped hy 0350 hurt Whether these powers will be
currency that Elsed depends--like everything position in the
steveloped the water but the else-on how quickly the Aght-
ale tell low eroauth to regere ing stops and the Canol is re-
Tw ollient support at 100 band But there is opened. for alarm yet, if the compan days of October
TRO VALEU
in Egypt prolonged more than a few weeks some form of
petrol and vel ont rating will
The gold azuch chollar ༤༣༢༦:༣་ཟླ་ felt by site million during
1
be needed. But at the moment $2,244 million. But we
no one outside the Government appears to be taking this post- bility very seriously
a,
ficial support for the sterling exchange rate die med seriously affect the menti's gold and dul- Indeed it is be- sar accounts
intervention n-leved that i
$2
INVESTMENTS
China Light (Old) Finaj Bir
Akharp
Tose
Texils
Gulf Producing monacid 2 penal, the fast helped by a stock dividend,
point it the second most active turnover of the day, US It was topped only by Steel
volum. Big Steet. selling ex-dividend, rose
*ne i points
New York Foreign
Exchange
Chrysler and Genera! Mutors
acidet rver a point each
Y
motors and Ford ärmed.
Exchange:
Rall gains run to 2 points in Louisville & Nashville.
New Yink Stock bond volume was $4,030,000,
American Stock Exchange volume was 870,000 shares.
Dupont de Namoors Eastman Kodak
El Paso Nalional Cas
Erie Railroad
Family Finanen Corgi,
Ford Motor General Electric General Founta General Motors
Gen, Pub, tui, Getty O
Gadden Co.
stake Mining Co
Ingersoll-Rand
and Bleet Co
Barchemical Corp.
In Nusiners Machines
40
inter with Egyptian's denials of a ceasefire and surrender nego- Nations in that arep, arth,
consumers
in the sput market, factory buyers and other watched the political news from Hungary
and the Middle East but their reactions
52% apparent
the
were not In
market, In consumer demand again was re- eported on a post-routine
scale. No. 1 R
was quoted 474 nominally at 34 gents a pound. Nominal shipment offerings were reported moderate
and high-
70
*74
20
Spal
117
30
30% priced.
1100
SINGAPORE
[し]
The market opened lower American stockpile arounce Hinvest.
Midenst
50%
100%
48
201
[
situation later in the day.
23 The market closed caster on
Sa pront-taking. Futures:
962-7
100-17
781 Sport rubber unbalect
Hanket crepe
Na 1 pair crepe
The market was steady with
495
General markets, cif basis, porta
Nov. Dec. and Jan.
Estme erepe this Now...
Der
14:
您
No r rubber
*TBER
per lb
November
471%
100%p=1002p
December
1004-1001
Jaruny
401
added
Goodrich H, F. Co
70
Goodyear Tyre
No 2 rubber per th Nov. No. 3 rubber per tb Nav No. 4 rubber per lb Nov
unquoted
15-de
23:54
Heyden Chemical
14
34
31- 121-123
9435
614
LONDON
14
1 Harvester
37
International Nickel
103%
No. 1, Has spot
spot quoted at 30 pener.
Prices:
International Paper
114
Seitleinent house term
70%-301.
Dec
In T Tel
13
224-30
In
Jonn-Manville Co.
Jan/Mor
10
2015-291*
ennecul Copper
Kansas C. Power & Light
Apr/June
2844-2892
Laggell Meyers Tob. Ch
13048 BOEL
July/Bept
28-28
Oct./Dec.
2715-276
Dow Jones closing averagon 30 Industriais
ware'
481.37
Lachment Aircraft
Leow, Incorp. Lone Star Cement Co
wulsville & Nasliville R. Lowenstein & Sons Mesebl Iron Corp. Minnesoin Mining Minion Development Munsanto Chemical Co.
2024-29
រ
09
3411
zail
101,46
13
tries
stocks
174.44
40
trada
91.63
Comm, future price index
103.44
Claman, sant price index
afoody's andes
420.40
Closing Prices
The
kawai
20
Sterling noted iper £1
18 15
Alden The Ars. Allied Chemicals Allied Milik Ine
5 200 100
Audealiun okes (per £1
12 67
Indonesian rupiah (per 1001
12 10
Som heat per 1001
2739
Radio
Singapore Straitan
Si
New York, Nov. 3. Chang Fates were
31 03-3:16 Canache
: 76494 England uliotal
2.58-200 277.13/1 2767
official
30-day futures 90-day futures.
Others were unchanged London exchange
rates were navivable-United Press.
Exchange Rates
Business
Wats
done in the foreign exchange market | unofßeral exchange market
Imorning at the following rates -- when in support of the pound was an
b smaller seals than in the pre- !S dellas per $11
The whole question suring Britain's oil supplies was thoroughly examined Nasser first seized the t'anni. It appeared then that it the Cangi įveding murin,
was closed for more than a jew weeks and remained elosed Bri- Iain would ablam enough and for her needs by reroutling her tankers from Middle East sources round the Cape of Good Hope and importing more off from the Western Hemisphere.
|
Trinidad Sale
The TreasuİRM
kuntat also and
Win
pointers out that the gold dollar position in October
Allis Chalmers Americna Auline Annmenn L'able 32441 Com
07.24
Montgomery Ward
Motorola Inc.
National Cash Reg. "A
Prod
National Dairy National Lead....
103.83 National Steel Corp.
New York Central
Olin Mathieson
Otis Elevators Gwen-lilioms Gines I'scifle Gas & Elec. Pan American Airways Paramount Pictures Parke Davis Co 314 Penny J.C. Co Pena. Batt Co 24% Philip Morris
New York Cotton
actually better than in Septem= ber when the gold gam of $52 ) have million was anore than account-i Two things, however,
ed for by the receipt of $177 changed since Taks assessment was made.
is that million in respect of the ante of The Best
tu Trinidad Oil Company whereas Britain had the full co-the operation of the United States American interests London Ex- in the early stages of the Suez press Servlet- Canul crisis she was heling with- out American support when she took milltary action.
The second difference between the situation then and now 14
furce! that by using armed against Egypt, Britain has in- vited the active antagonism uf other Arub slates which either produce ol or allow facilities for oil to be piped over their territory to Mediterrancan load- ing points.
Possibility
Few Sellers
In London
Markets
London, Nov. 5. There' was little selling on the London Stock Mar to Nasser's appeal that they ket today despite an ap-
a possibility that There is Jordan and Syria might respond
should cut the pipelines Iraqi oll ACTORS
to the sen and this
as the Middle East, a sarjous
of course would be
Futures In Narrow Range
New York, Nov. 5.
Cotton futures today see-sawed nervously while traders studied developments in the Middle
: East.
E
for
Spot
Alternate spurts of buying and
December selling kept prices hacking and
March olling over a range of $2 a bale May ከፍ traders ever-up
the July
October election holiday tomorrow,
December Closing on a reactions the list finished Off to 21 points.
Opening prices were off 5 to
up
crops
11 points.
New Orleans
March
NEW ORLEANS
Procter & Gamble Co Pittsburgh Plate Glam Publicker Industrien
Pure O
Radio Corporation
tepublic Steel
Reynolds Metal Shell Di Co....
Sakat
Sinclair
Paper
Socory Mobstoji
| South Puerto Rico Sugar
Southem National Gas Southern Railway (Com,)
Sleep Rock (Torontoex.) Standard Brande
Standard Oll of Cal, Standard Oll of Ind.
thick Nov
Dec AMSTERDAM
143
304 unquoted
The market was irregular to- 31 day.
Prices closed in guilders
43% per
kilogram, clf November as
524follows:
2012 No rubber 11484) Nu, 2 rubber 13 No. 3 rubber 30% No. 1 crepe 131
70
501%
42
7:30 ADM
2.70 non
2.70 num, 3.45 поп
United Prem.
Tokyo Stock Values Soar Over Suez
Tokyo, Nov. 5.
The Suez Canal crisis
sent values zooming to a record peak in a week of
3015 wild and furious transac-
31
30 44%
tions on the Tokyo Stock 21 Exchange last week,
Shipping shares led the rise
looked
In- for as investorR erenses in freights rates and un 024 Indirect boost in Japanese ox- Sports to Southeast Asia to offset
higher raw material costs.
The dally turnover execeding
million shares approached the 80 million mark on Friday,
403
487% d
41
Standard Oll of NJ,
Sterling Drug Co.
Stokely VanCamp. Studebaker-Packard Corp. Swift & Co.
100
Texas Co....
30%
Tide Water Asan, O11
Union Carbide
Twenty Century Fox Film
4034
50
4
Unton Pacific Hallway
20%
U.S. Foll "B
Urated Aircraft
13.30
33.02
US Gypsum.
33
U. 8. Line Co.
33.00
3012
49
4.01
33.60
71
32.00
32.69
32.83
US. Rubber
U.9. Smelung
U.S. Sicel
Warner Bros.
the
The Dow-Jones average jumped to 520.44 yen, highest in history of the exchange.
Shipping, metals, coats and insurances led the rise.
Ajinomoto closed at 200 up 20 points from the previous week. Though there was scattered Wost Va, Pulp & Paper Woolworth
4844 profit-taking at the end of the -United Press.
week, most of the investors as- sumed an attitude of watchful how the Sucz wafling to sen situation would develop. - United Press.
Westinghouse Electric
Prices of futures closed today New York Sugar
closed off 18 to 17 points.
as follows: Alter дл uncertain start,
December that parent general dislike for prices rallied braidy, with new
to $1.45 a bale. March galning up their the Government's action in rows of a ceasefire at Port Said y July brought a
mid-morning, rush of October
March realising by carly buyers, but December tha pressure slackened inter wit
of a WIN! Egyptian denial ceasefire and surrender negotia-
at Port Said,
Carritories
blow. But the situation would
not be hopeless if enough tank-
Some sections opened weak ers could be made available but steadled on buying in late
with
the Xeneral Persian dealings,
slightly
from the
to bring Gulf around the Cape of Good maricol down Hope though this would mean close.
$3.00 34.01
LIVERPOOL
Future closings, in peace per reb were as follows: "
25.00
25 £7
25.47
23.27
Llons at
Post-opening strength fecting expanding raw cotton Old contract Oct/Nov,
at the
of
Olls were the chief lasera,
lower private exports, plus
diverting British tankers away
thoir
job present
frota supplying consumers in Africa,
Asid and Australia.
Among ofis Shell and Burmah crop estimated and covering
were down about two shillings operations before the holiday in New contract Oct/Nov.
anare face of.
of small weekend
As for the possibility of and British Petroleum America carrying its opposition than a shilling.
to the Anglo-French policy
In
the Middle 'East so far as to
deny her additional oil supplies
Other raw
Market
New York, Nov. 5... The World No. 4
futures closed today uncharged;")
to 5 points higher with, sales of 252 contracts.
futures Domestic No. 6 sugar closed 1 to 3 points higher, with sales of $80 contraels,
Middle East uncertainties and pre-holiday catering, shaped the price trend. Futures:
Contenel No. 4 (world)
20.80 March
September resefor
Singapore Stock Market
Singapore, Nov. 0. Brokers today quoted the fol- wing alock prices:
Batu Lintang Rubber
Sad.
Dec/Jan.
Mar/Apr. May/Juve JONIZANK.
Opening Co.
$1.10
Bru
Borneo
-
hedgo
Byndicate
Dec/Jan.
offerings,
Mari/Apr.
20.00 |·May
British
BONDS RALLY'
Clovernment
bonds
The Commodity Credit Crop, mọld 604,718 bales of export cot- ton thus boost
May/June
26,75 July
Consolidated Tin Smelters
Ord. Traver & Meave Lid
20/-
July/Aug
Fraser Nerva 1% cumi.
the sales under apptias Karnak Nov/Dec.
SAO PAULO export programme so far to
Oct/Nov.
Spot-conts per 1b, fob Cubi
Contract No. 0
3,20
$2.03
$4.00
pret
March
Clemmons (Malaya) Limited #82.10 3.08 Hongkong & Shanghai Bank-
MELY
5.0 Corp.
July
Hongkong Tin Lid:
6.71
Kenging LAGE.
#200 / $1.53
Malayan breweries Pozdra
B.TT.NEW Berandah Bubber
"Mamer Hates
from sources under its control
this is a possibility that has been rallied slightly but still finished
examined only to bo, rejected.
materials
of £1⁄4 to £1/16,
Industrial were dull most of
6,228 378 bales
A private crop estimate today Indicated the Nov. 1ylold at
Future closings, in cruzelfos Beptember
Britain through the Suez Canal to sixpence lower, tournent report, and compared Dec.
National Bank of
reach the day and closed about three 13,142,000 bales, off $120,000 kilo were as follows:
bależ from the proccding gov- Nov. but ho serious interruption of
£111. Sus with 14,731,000 bales produced MAY supplies should occur-i-as dropped 22 to Everyone hopes the state of Canal Co, moved 6 in quiet deal-, last year, artred constiat” between this gam country and Egypt ended Humzuri
bonds continued fo
quickly. Meanwhite martaes | Fall, losing as unuch as 2248)
turers, in, Britain and on, the, German destes also dropped as Prices of future Continent appear to be content rnuch as:RI, United Preu, ca
Mor
NEW YORK
Oc
Aprico Ewa
sed today totall
NAMESAKES
alion, 14. Ocean
0.72 Lara itubber Estates Lu. 0.17%
Petaling in, ind.
Singapore Cold Blesage South British Insurance :
UnitaBogtnsers. Or
Westno Bros.
01.00
NOTICE'
Page
FAR EASTERN FREIGHT CONFERENCE FAR EAST/GULF OF ADEN AND RED SEA PORTS CONFERENCE
Surcharge of 15% on Base Rates of Freight from Hong Kong Thrift Area and Shanghai and North Chinn Tariff Area.
In accordance with the Press Announcement mado on 27th September the application of a Surcharge has remained in abeyance pending developments in the Suez Canal situation. Shippers were reminded that all quotations, cargo bookings and engaguments would continue to be subject to the rate of surcharge (if any) ruling at the commencement of loading the particular ship in the port of shipment concerned or, in the case of Through Cargo from Outports, at the date of the Through Bill of Lading.
In the light of recent devēlojiments, the Conference Lines now And it necessary to bring into effect 11 Surcharge of 155. nett (no discounts or rebutos).
This Surcharge will apply to the Tariff Base Rates on all commodițies and will be payable on all cargo shipped by vessels commencing to load at the port concerned on or after 8th November, 1956, and on Through Bills of Lading from Outporis dated 8th November, 1956, onwards. A number of commodities, C.K. certain Cereals, Seests. Oilenkes and Ores, as listed in Section VI of the Shanghai and North China Tariff are exempted from the surcharge from Hong Kong as well as from Shanghai and North China Ports.
American President Lines, Ltd.. Ben Line Steamers Ltd.,
Cle. Maritime des Chargeurs Reunis, China Mutual Steam Navigation Co., Ltd.. Ellerman & Bucknall Steamship Co., Ltd., Olen Line Ltd., (Glen & Shire Joint Service), Hamburg-Amerika Linie,
Holland-Oost-Azie Lijn, Lloyd Triestino. S.P.A.N., Cle. des Messageries Maritimes. Nippon Yusen Kaisha. Norddeutscher Lloyd.
Ocean Steam Ship Co., Ltd..
Osaka Shosen Kaisha,
A S Det Ostasiatiske Kompagni (East Asiatic Co., Ltd ). Peninsular & Oriental Steam Navigation Co.,
AB Svenska Ostasíaliska Kompaniet (Swedish East Asin
Co., Ltd.). Wilh. Wilhelmsen.
*
POBIE&A
COMPANIES
PENINSULAR & ORIENTAL S.N, CO,
PASSENGER/FREIGHT SERVICE
Outwards "CHUSAN”
"OANTON"
"CORFU"
Leaves London Dur Hongkona
Salle
5th November
In
Port
13th November
19th December
Vis Bonthampton, Colombo, Penang à Singapore,
HomeWard
"CHUSAN”
"CANTON" "CORFU"
Yi
Leaves Hongkong Dan London
7th November
10th November
33rd December
TO BE ADVISED LATER
Aingapore, Peuant a Colombe. FREIGHT SERVICE
"SUBAT""
"BURAT"
que 12th Nov
Tears Tite Der
“PINJARRA” due Janti ry
"SHILLONG” duo January
"BALAI” Huế Annary
. "SHILLONG" loads and halt Jim.
tron K
SWM- for Singapore. P tenham, Havre, London. Rotterdam Hainburg.
Grat
Antwerp
mouth
from U.K.
from U.X.
from U.K.
&
for Singapore, P. Bwet- tenham, Havre, London, Hamburg. Hotterdam, Antwers Ac Grange
nouth.
ALL VESSELS OUTWARDS AND HOMEWARDS
ΤΟ LIBERTY DAVE
PROCEED
BUEZ VIA CANAL, CAPE OF GOOD HOPE OF PANAMA CANAL AT OWNERS OPTION.
BRITISH INDIA S.N. CO., LTD. 1854-A HUNDRED YEARS OF SERVICE – 1930 "SANTHIA"
due 23rd New. pulls 25th Nov.
from Japan
for Singapore, Penang, Rangoon & Calcutia
P.&O./B. I. JOINT SERVICE
"IKAUNA"
"ITOLA"
do lat Nov. Falle 23rd Nov.
due 21st Nov. sails 23rd Nov.
from Karachi & Bombay for Japan
from Japars for Singapore. Bombay, Karachi, Bancali, Khor ramatic Kirwalt
int נול!
from JayD
& Kach- 1 alune
for Bingapore, Bombay, Komachi, Basrah. Khor. Toonshahr Kirwait Be
"ISMAILA" due ́int Dec.
wall art Dec.
t
Dubai
EASTERN & AUSTRALIAN S.S. CO., LTD.
"NELLORE" (alle 13th Nov,
"NANKIN” .... sails at Deo.
for Bandakan, Rabaul Brisbane, Sydney, 1981- Bourse de atida
for Sandakan,· Nabeul, Bristians
Bydney, Mel- bourne de Admitide
All veusel have, liberty to call at any porte on or off the route & the route à sailing;krn uzujues: · to 'changó or amendment, with or without notice.
For full particulars apply to:
MACKINNON, MACKENZIE &.CO.
OF HONG KONG LTD Telephone Nos. 2/721-4.
2