THE CHINA MAIL, THURSDAY, NOVEMBER 22, 1956.
TRADE and
COMMERCE
Anglo-Australian Trade
Third Quarter Net Wipes Out Loss To Date:
New York, Nov. 21. TWA reversed its earlier 1956 trend to produce third quarter net carnings of $5,566,000 on a record volume of $69,420,000, up 7.8% from 1955, it
today. Last year's third quarter ings were $4,186,000.
announced
WAB
carn-
TARIFF
PLEA REJECTED
Washington, Nov. 21 The United States 'T Commission today rejected pleus for an urense on the fart rates of imported cotton
The Comunisalon recommend- in a report to the President that the present duty of 12% per cent be retained
The Commizdan found that Entlore pultow
are 1101
Stats La Nuch in present quite
pues eithes actual or relative, for emise or the valen seriously
11.
Agreement
MOST IMPORTANT
DEVELOPMENT
SINCE OTTAWA
SECTION
WORLD
HONGKONG
RUBBER
MARKETS
New York, Nov. 21.
The No. Ras rubber futures contract today closed & points lower with sules ak Ave contracts.
Deevinber
•
34.00
The rex contract closed un- changed to 20 points higher with cales of 103 contracts.
November
January
March
May
July
September
November
Standard
STOCK EXCHANGE
(From Our Correspondent)
Pago 0
WORLD COTTON SUPPLIES
REACH HIGHEST
LEVEL SINCE 1946
Washington, Nov. 21.
World cotton supplies reached their highest level since 1946 this year with an estimated 24,100,000 bales on hand on July 31, 1956, the US Department of Agriculture's Foreign Crops and ap-Markets Survey said today.
Business done on the Hong-
kong
Stock Exchange
morning sumounted
proximately $200,000.
this
Noon
34.70 quotations and the morning's
tunsactions:
34.70
34 48 34,10
33.05 Shater Buyers Seifers Sales
contract clused 6
Mrporis lower to 35 points higher Union
new
Canberra, Nov. 21. The Acting Trade Minister, Laut imported into the United William McMahen, described the
Anglo-Australian trade agreement as without doubt the most important develop- ment in Australia's overseas trade policy since the principles of reciprocal in the first mad no presentation to the preferential tariff treatment were placed on a formal basis by the Ottawa agreement of 1932.
Net for the nine months W $170.000 5 cele a dura uts $111,830,000 operating revenge compared with $5,154,000 OL $1,64 $163,433,000 a
The difference resulted from heavy losses
YPAL
quarter which bore the front of
expenses for addift
7830832-
tenance atul service fratres
Through the unvon
TWA
wandel 2,305,377
average of nearly 12 000
and 34 more than in 19
Несечна Basketgen
creusest by 309
vond 3 balen
ahead of
texty miles
Fa-
Hunter
the to
Trik:!ན་
Expr
Show The only decline-
Sagi
Freight ten miles lo
אי!
ده کالا
An ineresne,
category milenge which wil' tenth of th
se percent
Ha kik
anki
14
sty
the
repari
Than Commission Therefore
Presidend du withdrawid machte den of
The concepNIONE such articles
London Wooltop Market
London, Nuv 21 Merino wool tojen vloed vers ztały with tumover of 145 Jut Tomis Práce s pete for t
1994-1-40
Follow:
150-6
ww
Jain
Mar
M
A new polley in effect for the le mondes reduces depreciu- tion expense by increasing re- kidual values on latest type air- craft on engine The amount
of this adjustment was $2,4885,-
Don.
Sp
147-137
1.54-243
127 128
120%-127,
120 12000
125 1224
124-174
124-1242,
124-124
" ያዕዋላ "
Jan
Mo
Mas
*END OF
- Unated Prese
183-124
TODAY'S service
Wall Street Pushed
Back To Mid-February
Levels
New York, Nov. 21.
1 G2
with malcy of live contracts.
December March
May
September November
higher basis on shipmeal after
aky start,
mes steadied the market after a
Buyers alsi
4200 1.10 1800
1,10
33.20
32.70 BANKS
NK Bank
INSURANCES
Lombard
1560 LAN 10 1070
971 43
34,70) SUIPPING
34 40 Wheelcks
ពît
600
1000 2 0
33,00
Rio
1241.123
33.45
33.00
32 30
Pre-holiday covering and the K Wharf
DOCKS, ETC
Provident
13:50
LAND, ETL
HK Hotel
34
14 50
IK Land
aj
0115
anticipatod
a
Tumpeya
10
|| sharp increase in the October consumption figures over the 112,000
tons reported for Sep- wmber. The official ligures were expected to be published over the
'I'
Really
RUBBER Amalg Trum UTILITIES
Vanmar
129 1324
XU
น
int
Fight 101 220 21 46 LUKNE (N
Fleet
"2
Telephone
11
23 20 20
Da 2170
221
200 - 227
하!
37
B
STORES, ETC Dali Y
COTTONS Nanvaak
14:21 14 40
achieved in the new agreements CHICAGO GRAIN Thanksgiving holiday.
Me MeM duu, mand Australia's ;
objectives had been
Then with the manténager of
Australian foodstuf
The Wied Karaslom and the vital neegne ity
11 relieving
Australian
CATE
Platent in preferetbal margins gratalent
Banted Kinglora
11
Th
MARKET
Factury 20 other consumer stat In the spol market, however remained slow Spot No. Rss in the nonut mar- ket was quoted nominally at 34% cents a paund.
However, be
Chicago, Nov. 21. Grain futures
moved Board of higher
on the
th
under the fatto Trade today on strike un international
certainty,
Aus can Government conditions and export buy-
The ing.
Et that nitial preference
95 ataje razl W
L
redge selluk
light offerings niso pushed priers. woward, with commnlesion houses buying into most grains.
best interests of the Austruitan tronomy Provided there were sugartelint oppos tuunillaes for reiurang
the costs of import goorts, development wider trade ju albilities with other countries
The wuther Over
the art and obtaining degree
I
of winter whent belf was generally restrictive clear, with against
only forecasts of Australian com-light
flurries over some snow durtak the coming
panetares for Limelity experts,
Obvious Advantages
The margin of preference In United Kingdon goods, should perure the latter a sound sharť in Aumralia's trade. Mr
Industrial stocks were pushed back to mid- MrMahen added. February levels in a moderately active pre-holiday
session today.
Steel charts, met prost='sko 74 after
od DEVEDE
KWA roll spots
Chemicals had seene
Director
471
4 h bakin
ČESENTMOET VOenili Elec
Continental the of Del
40
44'
1243
34'
'I'It Assoctites] Chambers Manufacturers, Mr Latham Withait, take the new agreement soulat havy very obvious The previous advaniniges over Culowa agreement,
<i
Uc
uf
of
and oils turned down from early; Cantos de highs Shipbuilding sites beldama Zeb dah
best among the groups
Turnuver packed up to 2,310,-
000 shares feu 2,240,000 yes- terday.
385
Intustrial shares lost 2 19 in their verage, to 487 01. total 1,173 issttts appearing on the tape, 501 were lowCT, higher
That stocks
of shipbuilding continuing to meet companies, demand on their outlook for big Tanker business, had gains rung- ing to 5% points in American at $90. Bath Iron Works climbed 1 to 503%. New York building a point to $20.
Gen Pub Bl
indenta
Goodrich BF Goodyear Te Heyden Clemat
reshiced
The
margus preference would do ittle harm
Britain he
sald, because was xHunt for Australian industry to get its capital goods from the UK whenever possible,
DOTORS
bours.
Soybeans
advanced
(7))
une
cause of the dock werkers' strike
funfic
sheets available ex-warehouse for delivery with - 24 hours were offered up to
centa a pound.
30
SINGAPORE
The market opened lower un overseas advices and steadied before the morning session end- ed on short covering.
WOW!
INI
INDUSTRIALS Cyteent Rope
4 411 3:48 10,000 1 1 427, 1123 170
7'
The 1900 Agure Is 1,800,000 como bales higher then in 1855,
Cotton slocks have risen stendily since the postwar low of 11,800,000 bales recorded in 1951. Most of the increase has
WORLD COTTON MARKETS
New York, Nov. 21. Cotton futures today see-sawed narrowly around the previous close in quiet dealings.
from greater US pro |duction, the survey said,
While supplies on hand in the United States roto 3,300,000 bules during 1965-85 they dropped 1,800,000 bales la foreign nations.
Free World
Most free world cotton exporting rations had disposed of old-crop collon surpluses by Aug, 1, 1958, the survey saidh Stock reductions in
major cotton exporting nations ranged from 21 per cent in Brazil to 67 per cent in Mexico.
In
cotton Importing nations stocks on hand were the lowest since World War II-4,000,000 boles,
three or four months
for foreign
about
supply
Chief Interest centred In the cotton mills, 200 14 29 40
(nearby deliveries. Traders evened j 2000 23 up accounts before the thanks-
22 giving holiday tomorrow and in advance of rst December notice. day on Monday,
Closing prices ruled off 4 te
Cotton
suppllen o hund in belloved Communist nations is
to have risen, although informu- tion an agricultural conditions
aroas is dimeult
in those
up 11 points. The market opened obtain, the survey said,
up
to off 1 point. New Orleans
closed up to 18 pts.
The New York und New Oricana
New York Sugar exchang
Market
futures
Now York, Nov. 21 World No
4 sugar closed today 10 points higher to 1 points lower with sales ol 603 contructs.
of
Uncertainties
to
cotton exchanges will j The Soviet Union' probably remain closed until Friday has less cotton stocks on hand morning.
how due to a nine per cent drop In addition to outright liquida-in cotton production in 1965-50 lion in December through spot over the previous year. How. Interests,
fair amount ever, stocks in China may havo
копе involving
up As a result of Д of DecemÈCT for favourable harvest there. March and May and between
Stock reductions in extra-long- March and Muy contracts,
slapfe-cotton-producing nations ranged from 18 per cent in
to
40 p
cent in Sudan. The uncertain political situation in Egypt, primo producer of long staple cotton, has made demand grow In other producing nations.— United Press.
Open
contracts in December of the start of trading today totalled 108,100 bales. The cer lifeated stock remained at 3,102 bales,
Volutne Open interest
24,400 105,100 18,700 272,700 14,300
JU
At 104 cent-level there some profit-taking which were fairly well absorbed. The mur ket closed off bit from best of the day.
a
the
よろ
Nu
Future closings were: ubber per tu.
Month
Dec.
De
I {\s !, +] [x} ?,
Mar.
net. Feb
10236-103
unquoted
100 15-101 07-08
The domestic No. 4 futures clored 2 to 7 points July Jower with sales of 310 trnets.
sugur May
303.200 12,000 184,000
con-
Oct.
14.300 125,000
Dec.
10,300
74.700
Mar.
вон
16,000
104th-101 010-87
May
5:00
3,000
Total
96,300 1,210,100 bales NEW YORK
strong of market and Armness in grains.
Exporters Bid aly today purchased 1,500,000 bushels of wheat, an estimated US durum 1,000,000 bushels of US
corn were sold to the Continent and United Kingdom, while Japan bought a large quantity of Pucifle const wheat,
Wheat closed off 1 to up 1% cents, suybeans up 11⁄2 cents,
Pries per bushel in cents:
Wheat. No. 2, red
Spot
T 24000 2347, (
Max
Sent
Ne, 2 rubber per In Dec. No. 3 rubber ber th. Dee. No. 4 rutiber per 1. Dec. Sput rubber unbed Blanket crepe No. 1 pale crepe
102.5-1073
The unselled dockworkers strike and an netive demand for world raws closed the March LONDON
contract on a note of strength, Jower opening. Later The market was barely steady | after with spol quoted at 31 penice months also recovered from the
Prices: per 11.
lows in fa; e of heavy profit- taking and hedge selling.
اری و یا کر بار کی رائے
Qui/Dee
General makets, elf" basla, pozik,
AMSTERDAM
The market was quiet today. Pries closed in guilders per 12.16 kilogram, cit Dec, as follows:
Prices of futures closed today
as follows!
Spot
Dre.
Mar
May
July
tons
Oct
Dev
Mar
May
News of the 100.000 boost in the 1956 import quotus spurted pre-holiday liquidation domestic and hedging in the
Futures:
Contract No. 4 (world)
continel.
Peru
the
Wherever
you're going...
34,000
24.42-43
34.33-34
EUROPE
34.17-10
33,04
33 34
33.40
USA
NEW ORLEANS
Prices of futures closed today
No. He ment
31-34
Settlement Juke Lerou
Occ
314-31
20 Mur
20-30
Apr June
299,-20,
Galan Boner Sugar
Alkal
232
29-201
2831-2691
| Dow thenogata
to
Mar
Dupont dę. Nemunera
ป
Buy
Fastay on Kolak
01
July
23 Pass Natanna.
240p
2413-241 201-239
225-1.
Nov. 13
309-31
30-304
Jun.
ราย
Krie Robronch
Of a
Fandy Parades ...
Corn, No. 2, yellow
Estate
reje
Mist.
as follows:
10
thie Dee
37
May
Spot
33.50
Spot
Foja Mor
the Dee
40
July
Dec
34,48
General Panda,
411
1
General Motola
301
43 mutually
tinueri.
14.
general result seemed
nexeptable, he The margin of ference in favour of UK Hoods should secure Britain sound
Der
Sept
4.30
Max.
34.24
Mar
1424-3
May
34.30
J45b
July
14014
1429-2%
Spot - cents per Ri Tob
Cuba
July
34.20
ORIENT
425
Oct
39.50
Dec
Ryc
Contract No. 0
Mar
30.32
14012
May
33.42
Mar
Mar.
2 84
Dais
No. Irubber
2.93 not
May
B3-04
Dec
CO-TUT,
No
2 rubber
2,00
July
5.00
"
Mar.
Nu
3 rubber
2.88
Sepil
3.AD
Soybeans, No. 2, yellow
Sput Nov
Nu.
crepe
J51 paid
Spot-rents, per
250-257B
-United PreKS,
3.77
1b. were as follows:
(0)
ROUND
United Prem,
Old contract
Dee./Jan.
Mar/Apr.
24.58 20.10
THE
Jan,
2004-201
Mar
202-201
May
July
New contract
Barley
Spot
May/Sting July/Aug. Oct/Nov. Dec./Jan. Mar/Apr. May/June
25.70 23.40 24.13 27,50
New York Bou
200 lb. sack
July/Aug. Oct/Nov.
Egyptian Karnak Nov/Dec.
20.73 23.63 40.00
SAO PAULO
Hal
Hoodake Money
Tolpad Ster: Interchemical dorps
f Ship-usiness
Ett Marta Interneta mad Nickel International Paper
In steels, Lukens, a recent
10 points pensation, fell 152% on profit-taking.
Du Pont, selling ex-dividend, was down more than 2 at one time, touching a low at $170 and then came back to $178, off * лег
In olla Skelly. Seaboard, Honolulu
and Cilles
Service rose 1% to 2% polnis, Others moved narrowly.
Now
York Stock Exchange bond volume was $5,300,000.
American Stock Exchange volume was 990,000 shares.
Dow-Jones closing averages
were:
30 duals
Lekheed Aircraft
Minnesla Mining
21
180
1324
2003
30
best Australia's
share in Australia's Inde Du
the other hand, it seems that the Government has adroitly
pro- tected Australian Industries and 37% succeeded in maintaining the
possible
exporis
tems for Great 43 Britain," he added-China Mall
Special.
NEW YORK METAL
10
FUTURES
10200
1850),
108.00b
13.34
13.35)
ני70
330-143
$13.000
LIVERPOOL
Future closings, in peace per
53/94 May July
20/td
Fraser & Neave Ltd, Ord.
$2.20
Fraser Neave 7%
cum.
pret.
United Preme,
Gommone
(Malaya) Limited
$4.09 $2.02
Hongkong & Shanghai Banking
Corp.
$845
Hongkong T Li
8/71
Kempas Lid. .......
$2.07
Lurus Rubber Estates Ltd. 0.76
Malayon Brewerica
$3.00
Now Berandah Habber C
Petaling Tin Lad.
#3 35
Names Potel
$2.50
Singapore Cold Storage
$1.62+
South British Insurance Co.
Ltd.
F4330
Straits Trading
$25.00
Steamship
$18.28
United Engineers 'Ord.
$5.70
Wearme Bro undiv.-China
⚫exdly. Special.
$3.00.
Mall
a
New York, Nov. 21. Prices of metal futures closed bufday in cents per lb. as follows:
33-173
LONDON METAL
PRICES
London, Nov. 21. Prices of metals closed today
4415 in sterling per long ton as follows:
CHICAGO LARD
FUTURES
Chicago, Nov. 21,
·Prices of Hard fixtures closed today in cents per 'it as follows:
2304-3%
United Pres
New York Foreign Exchange
New York, Nov. 21.
London Foreign
Exchange
London, Nov, 21. Closing rates were;
Now York
Montreal Arnsterdarlı Brusela Copenhagen
Frankfurt
2.781-278 8/15 2.00-2,68 1/16 10.00-10.00T 139.0-130.60
19.34-10.3414
11.7036-11.7016 10,94%-19.95 90314-00234 14.41-144112 12.22-12.22
Others were unchanged
London Stocks
Take Beating
London, Nov. 21.
Prices tumbled again today on the London Stock Exchange -a continuation of the decline
NY ex-duty)
Singapore
Stock Market
Future closings, in cruzeiros per kilogram, cif December as
Singapore, Nov. 22.
today Brokra
quoted the following stock prices:
Opening | follows:
#5-77 Deo.
Batu Lintang Rubber Co. Ltd. British Borneo Petroleum
Syndicate
Consolidated Tin Smcilara
Ord.
$2.00
yesterday when the Government announced it Exchange Rates
would ration petrol.
Cİ
Busines was done in the local umofficial exchange market this morning at the following rates:--
3.47 LU.S. dollar (per $1) MA
sterling notes:iper £1), Australian notes (per £1). Indonesian rupiah
(per 100) slam_tical: (per 100) Bugsporw (Straits)
Every section met sailing, £68. Fall of another even the shipping shares which would bring it down to its all had been recent favourites. time historical low of £68%%%. There lost part of their recent Industrials were down around rises in freight a shillingléd by Ford Motors, andhs despite
Rolk-Royce and Associatod Olis took a a bad beating. Electrics, Sucz Conal dropped
| rates, mod
NAMESAKES
18.00
Royal Dutch skidded","more | another. £% to £134. than 17.
shillings Brillan In the foreign bond section Petroleumi gave up more than & Young Loan met foly: demand; Answorek Jaunt, 2. Poétical, +2773675-77 | Stalllings; Sixir nearty after while the Japanese, non 3 Horse Edmonton, 6 Wedd
Brilish: Governmonte, lepuce patented 1930s added: 41. Dawes litg, 6 Ciltzan, 7-Bell, 8 Cowper, ware pressed for, male, War Loan non-agsonted dropped ? Æ 1⁄4- 9: Austin, 10 Renown..
shillings, 40 pincotto | United Press.
Jon Chiom.
24.03
United Press.
foll
Mar
unquoted 30.30 unquoted 30.00 unquoted
In the US the average price was unavailable.--United Press.
WORLD
You can fly there on the world's most- experienced airline
For reservations, call your travel agent or Alexandra House, Phone 37031, Hong Kong Peninsula Hotel,
Phone 64005, Kowloon
Pan American #veik Airways, Inn., Interperamné dn the State of New York, D. Bali, wish Makhali dvokátky
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Die Stamping
The South China Morning Post; Printing Department is equipped with modern 'die-stamping facilities.
REGIMENTAL SOCIETY and CLUB
CRESTS & EMBLEMS.
TRADE MARKS.
FAMILY COATS OF ARMS.
and MONOGRAMS,
atc., etc.
Call and inspect our samples
Orders accepted, for Steel Dies
and Copper Plates.
SOUTH CHINA, MORNING POST. LTD.
Wyndham Street, Telephone 20002
to
of Tel & Pel
John-Manville Chi
Koss Power & Light
Kennerott upper
Liggett Movers Tob Da
39 1294 617
M
Loews Incorp
19!
Lune tu t'ement Co
Louisville & Nashville i
F
Lowenalejn de Sóna
221.
Mesata from Com.
51
Mission Development
Mannanie Cheuneo) Co
M
Montgomery Ward
412
Motorola Tie
Notional Casti Reg.
| National Dairy Prod
40
##744
National Leaci
Lead Nov.
National Steel Corp.
72
Dec.
New York Central
31
Tin
Nov
Canada
1.03 01/64
Oslo
Olin Mathieson
49
Drs.
100 b
407,01
Ou Elevator
4115
Zine
Nov
England Egypt
2.58-2.00
F'aris
163.11
Owen-11:nois Glass
11
Dec.
Argentina
3.07
.0290
Stockholm
Zurich
uithities
06.26
Pacific Gas & Nice
Cupper Nov.
22.70b
Others were unchanged
G3 locks
100:52
Pan American Airway
Dec.
14
32.70b
United Press.
40 bond.
10.47
Paramount Pictures
20
United Prem.
Coins futurs price wontex
166.73
Parke Davis Co.
Co m. price index
106.07
eany . C. Co
0234
Ato, y's index
120,60
Penn, Set Co
2014
Philip Morris
4156
Closing Prices
Procter & Gamble Co.
4012
Pittsburgh Plate Gloss
154
Publicker Industries
Pure O、、.
44
Alden Inc. Acy,
#1772
Radio Corporation
34
Allied Chemicals
2014
Republia Steel
Alijed Mill Ino.
30
Reynolds Metal
01
Allis Chalmers
223
Shelf Of Co,...
American Airline
2201
Baint Reg. "Poper
American Cable de Radio Corp.
Sinclair ....
Boy
American Cyanamide Co.
7256
Socony Moblinti
51
Buyers Bellors
Amer, & Forgu, Power
South Puerto Rico Sugar
Am. Mach. & Fury,
3713
Southern National Gay
PIA Junonih
34 T spot
84)
B25
BZU
American Teb. ""
American Metal... American Smelling Am. Sugar Hef. .... American Tel & Tel
Anaconda Copper. Armco Steel Armour t Mias Cons. Mining Baldwin-Luna¬lism. Daimore & Ohio
Bendix Aviation Corp. Benguet Corte, ... Bethlehem Steel
Boeing Atpinne Borden (The) Co.
Burrough Add Machine
Canadian Pacilio R
Caso (3. L.) Co.
Cat Tractor
Calanoes Corp.
6. L. T Financial Corp.
Chrysler Motors
Climax Molybobrann
Colgate-Palmolive Co.
Standant Oil of Ind.
Blendard Oil of. NJ Sterling Drug Co.
Btokely-Van Camp
Studebaker-Packard Coty.
1314 Texas Co.
Swift & Co,
Tide Water Assn. Cil
50 Twenty Century Fox Film
17412
Union Carbide.
Union Pacific Railway
59 United Argraft
U.S. Foll "D"
-9894.8. Gypsum 31.B. Line Co...
13 US. Hulber
US Smelling,
SUB. Steel
| Warner Bros.-
Westinghouse Klectrio
Woolw
Pulp & Paper
249
Southern Railway (Com.)
801
Sleep Bock (Torontoex.),
107
Standard Brands
3814
107
Standard Oil of Cal.
2011-month
Lead and half No
Copper spot
272
213
+
Zina 2nd half Nov,
1034
Feb.
Feb,
1000
D6
United Press.
17