GERMAN PLAN
TO REPAY
DEBT TO UK
Bonn, Dec. 4.
German
The Cabinet is to consider plan that West GermBADY should pay back the next four your instalments on her debi to Britain in s lump sum during the next low weeks, it was learned bere.
The Batik Deulicher Laender ኩል offered the Government credila le en- able it to pay back at once four of the ahbual instalments
of £7,500,000 duc between 1967 and 1900.
Are
Debis to be repaid those stiled under London Debi Azreement of 1982. The plan is seen here as a way to help reduce West Od.many's
urplus of
foreign currenclex, Chilna Mall Special,
Invitation To Oil Companies
Paris, Dec 4. Three major but pen inter- 1. oli companyes. British
Dutch Pe roleum, Hoyil
and Compare Francalse des Perid a
TRADE
THE CHINA MAIL, WEDNESDAY, DECEMBER 5, 1956.
and
COMMERCE
SECTION
E. German Government HONGKONG
Facing Shortages RUBBER
SEQUEL TO REVISION
OF POLAND'S FIVE-YEAR PLAN
Bonn, Dec. 4.
PACKING
ISSUE
as
STOCK EXCHANGE
(From Our Correspondent)
Business done on the Hong- kong Stock Exchange this morning amounted to AD-
$000,000.
Noon proximately
and the morning's quotations
Singapore, Dec. 4. Two big rubber sociations are diametrically opposed on the issue of the rubber packing and UK Bank shipping ław which on. sures that rubber exported | INSURANCE from Singapore is of good SHIPPING
The Communist East German Government is facing quality and packing. serious economic difficulties arising from the decision of Poland's new leaders to revise the Polish 5-year plan.
She has already fallen 500,00) tons behind in her deliveričj iv Wral Germany. Under the pre- sent agreement, she rectives 400,000 tons of Wahr hard cour
her soft cual. for
Poland has been East Ger- many main supplier of hard cod na ruke, essential sted blast furnaces, But land's iw government, 01 budding up the
tops of the Pull h people, standard
to cut coul drustically pris.
10 excording Tench here from Warsaw.
Nu xazi Agures are avaliable
the Esi German
tor Po- intent living
in exchange
The 100,000
x- repor s
economy.
but made in West Germany, Puis hard enat consumption at nbo I
10,000,000 tons,
over half which is imported.
Informed estimate,
f
ni-
she should
the have reveived
fourth quarter of this year have reay been reduced by an un- 4 reloved maoust, and exports w.1, not br
full resumed intl she makes good the back- lo In di liveries. Wet Gennen exples expect the backlog 16 increase by the end of the year.
Neue Deutschland, The have been invited to join the off-li newspaper of the (Cum- profusion to remedy Percum industry Emre munist) Socklist Unity Party, fuel shortage. in the view Group (OPEG) et up by the! Orgenly.lon for European Emas suid that cariam sapients West German
haid real and coke UL
toile Co.peral on is advise Poland have not arrives
is al comuni tee
Announcing this step in seʻ up machinery for stloenting oil to inember countries supples
that an OPEC spokesman sild the Ars mee ing be we'n OPEC and the OEEC Oll Committee would lake place in Thursday, the day per a meeting of the Oi Commee Llone,
American
Increased
East Geim tradirs are call- ing for a rap d in reuse in soft the
utikervers, thes tranieren would have to be bug|
iu
1 their Te tore exports former level and to all gaps 1011 by the disappearance of Polish ront.
This has sharply increased Ea German demand for B. coul for industry and railwaya. Normalay, El Germany BLA pleniful saft oŋal to her owa med, and mɔmaagis la «xpor, I in convidenble quandlies. AC-
pro- all
But however much gucet, soft coal cannot fill sue gap, It canno be used i blast turpures, for instance, 10 we place of hari cous.
According to best avalt. Llupons teaching
so.the East German Woat German es malas, coal production is t
obeervers are ex- | cording to the pealed to be present at the Thursday meeting.
Contacts between the 01: Committee and the United State
Com- Middle East Emergency mitter-group!. g 16 American : oil companies are expected to In due course. China follow
Mall Special
1
LONDON METAL
PRICES
London. Die
Priers of metals clsid teday
in sterling per long ton as fol lowa:
Ti
Copper ap
about 200,000,000 cons A y.ar, buut 80 per cent of which is consumed in Eis. Germany.
It is used not only
indu.trla! fel houshold m Lut abo provides the main .w Berl for the
་
WORLD
RUBBER
MARKETS
The Singapore Rubber Trade Association complained the law had done more hirm than good. A
that alleged spokesman buyers took
took advantage of the or- dinance and made "unnecessary quilty claims." The Association La pressing the Government
withdraw the ordinance.
1300
E 1353
wansactions!
Shares DANKS
Buyres Bettlers
1450
Emi Kala
Lombard
240
(2
2700
11.33
7 1000 1
0,40
01
44% 43 300
14
Aalo Nav Wheelock wherlock
(N) DOCKS, ET!' K Wharf Dock Provident (oilada
10
LAND, ETC
IK Hotel
Meanwhile the Singapore HK Land Chamber of Commerco Rubber
out that man
pointed Malayan rubber export Regisra- New York, Dec. 4.
tlon Board which
Was sel The No. Ras rubber futures
10 with enforce the law had received 70 points today closed
from overseas four compirants les of two contracts.
buyers in 1954. In 1255 he suld there were 63 complaints and so far this year 153 COTT-
were rec Blaints
received.
Dec.
34.30
The rtx contract closed 80 to 10 points lower with sales of 1180 centructs.
Jan
Mar
هر بانه اش
July
Sey!
NOY
Jun
37.10
37 (0)
33 15
29.20
35 75
34.33
Standard contract clused 70
to 100 points
tules reported.
Dec.
Mar
May
July
Bapt
Nov.
Jan
14
the latest Wes Germany, Government
lower with
liquidation
Speculative There have
ន គឺ
2832243
and
of
is making an all-out effort present
solve has problem, been experiments with a mix-stop loss ceiling found trade ture of soft and hard coat in buyers reserved
face blast furnaces. While no restain lower London-Bingapore cables. are known, West Gernuan ex- Market experts unable to ex- Monday's sharp rise, the plain about pert are sceptical
thought the upswing was "arti. hunts of success,
Aat." Sellers also drew encour ngement from the more WGS- suring aspret of the Middle East situation.
** TILES ***) 10′′H
eastal, al indus.ry, being
uke!
in the production of syn.hitic
ull, dyestuffi, aki many other chemicals.
Under the inter-zonal agreement, Rist Germany
Trade
门篇
to deliver 4,200,000 tons of soft
Attempt To Buy
Herr Richard Goeschuelz, 140
Eau. Germon Fuel Minister, nus
vizited Czechoslovalcia to 1+
SINGAPORE
The market
opened slightly
Electric Tel 101
4
2-
$9 43445
WALL STREET IRREGULAR AFTER GAINS
New York, Dec. 4.
Irregularity came into the market today after a two-session 4.5 billion gain in all stock values.
There
was a wealth of news | to interes% the financial Cơm munity
but none of it of suffl÷ ctent import to away the market
American stock sales totalled 830,000
band shares, while volume was $1,050,000.
Dow Jones closing averages
as a whole. A few special issues | were:
** responded to Individual velopments Buch
de
As J. C.
30 industriala
ralls
13 utilities
up
60 stocks
Penny. up 3 on En extra 1.10 dividend, Schering Corp..
nearly
6 as the company ca limated its carninga it a new top.
Jast
Owens-Illinois Glass ground as the Governmem in- situted anti-trusi action secting
To
6.70
14.70 14.40 8500 or 14.80 2000 ut 14.00
23.30 13.00
03:30 1.825
3.08 at 1,020 3000 * 1.65
5000 # BOC
3000 23.00
100 24
16692 313
force it to dispose of No- tional Container Corp., recently acquired through a merger, RCA bricked down under similar clr- cumstances at the Government charged I and it Notional Broadcasting Co., rubsidiary
with conspiring to obtain five of the nation's eight biggest television markets.
Aluminium Up
40 bonda
Comm, futura price index
Comm, apoi príco Index
Moody's index
Closing Prices
Alpen Ino. Avy. Allied Chemicals Allis Chatraers American AirEns Amer, & orgn. Power American Motal American melting American
Tol Toi American Trb. "9" Anaconda Copper Armeo Steel Armour
Baltimore & Ohio benguet Cone, Bethlehem Steel Canadian Pacific R. Charu Mantal Bank Chrysler Motors....
Aluminium stocks were given Cumax Molybdenum whirl fo
ndid-afternoon
and
Cespite late paring of Rairs
41
02
4
Stealty
1.33 3,40
Association issued
u statement
HUDDER
Amalg
1.55 1.00
which says
"never wa
there
1000 or 156
Trust
是信!他
need for
atricter
enforcement of
the low them now."
A spoke
the
UTILITIES
J. Connol. E
Trum
Star Ferry
up
Yavinalt C. Light (0)
XD
IM 103
23.00 24
113, 314
24 24.0
2004 24 BC
500
24.60
5/30
24.8)
Tel. (N)
23.00 23 90
280
2350
ing tround
BUOT 23.80
INDUSTRIALS Cement newe STORES, ETC. Dairy
Aluminum & part
38
12 tu
13
2007 g 14.70
000148
more
1020 14.00
2:00 18
Watron LUTJUNB Textile Согр
13.10
.4.27%
1000 C
4.30
3105.70
The spokesman sold "reput- able раскста have nothing 10 fer from the ordinance and if ita Malayo
wishes to regain prewar reputation. the Board should enforce ordinance rigidly." United Press.
New York SugarMENTS
Market
closed with improvement rang- ponts 10 or more in
0003 Alcoa, Kjaer and Reynolds,
In
Colgate-imclive Co. Commercial Credit Commonwealth Elec. Consolidated Edaon Crane Co. .............. Crown Zellerbach Cuban Amer, Sugar Duwand Aldi ...
Eastman Kodak
Ford Motor.. General Electrio
Late demand lifted al^crafts | Dupont dy Nemours more than a point
United. Lockheed and Boeing. Du Pont fen wed chemicals which gained 1000 15.20 over one print. Timken Roller
Bearing.
Dover Corp., Eagle Picher,
Hudson Bay Mining, Midland Enterprise rose 2 to more than 3 polnis, the last re- fleeting Monday's good dividend
CHICAGO CRAIN
PRICES
Chleago, Dec. 4. Prices per bushel in cents: Wheat, No. 2. red
New York, Dec. 4. World No. 4 suger futures 10- day closed 3 to 12 points higher with sales of 748 contracts,
Domestic No. 0 sugar futures close1 2 to 5 points lower with sales of 68 contracts.
Renewed acuivity and strength in world futures was associated
of hedges with covering German Importers who recently have been reselling raw sugar purchase? from Cuba,
Dealers also uoted a better all-around Inquiry for world raws,
Domestic futures continued to reftest liquidation following the recent boost in import quotas. Rye Futures:
2004-
220
newa.
hardest at with and Tube
Profit-taking kit the recently strong steels Youngstown Shoot lusing 2. Lukens more than 4
US Steel ex-dividend.
ond Bethlehem dipped fractionally.
Oils were fractionally jower rule after their recent ཁྭ་4
Gulf
sharp run-up on the prospects for increased production. stood out among the Interna Lienal oils with a gain of over a
point Shipbuilding shares, also strong recently on the outlock 13812-1394 for Increased tanker building. 1336-43
were neglected, 130-
In Washington it was indicated a Cabinet level 142
commitee will begin study this week on whether to give tanker priorities for
Spre
230Van
Dec. 241H 230iki
Mer
by
2374$
May
July
2241
Sept.
Corn, No. 2, yellow
Spot
Doc.
Mar
MAT
13914-41
July
Sepl.
138%
Dec.
142
Mar.
14012
Contract No. 4 (work)
March
Osta
471
Deo.
701
MAY July
4.72
Mar.
7193
4.72
Soybeans. No. 2, yellow
"
No 1 rubber per lb. Dec, Jon Fab. No. 2 rubber per ib, Doc. No. 1 No. 4 5p4 rubber unbaled Blanket orepe
11814-41714 1193-1 unquoted 117-111
September
4,79
Spol
Spot--(cents per ib. tob Cuba) 4.68
2301
Jan
MAK
23312
10934-110%
Contract No, G
May
2854%
+
1033-1004
March
5.80
July
2339%
5.77
Sept.
241
92-94
July
6.51
Barley
September
6,33
pat
LONDON
bpm-190ta per b. Elf NY
ex-duty)
6,95
New York fo
130-145
Bour
13
United Press.
Futures:
tempt to buy hari coal there. lower and the decline extended cont briquet.es 13 West Gur- According to the anti-Com-on proat-taking during the day. Mes cf the offering, were well munist She also ex-
information Bureau absorb:d many this year.
lower อน
levels. West in Wout Berlin, the Soviet soft coal to Scandi..avli, ports Bay Sell Switzerland, and other countries. Untea has promised to delver coke so make good the shorings, The Ars, effect of the cut in
for A new proc
making hrd cos imports from Pola.d
be cool is to oke from to wipe QUE hahren
tried at
industrial Goumny's Roll
of Lauchhammer, using soft coal from the neigh Senftenberg bouring
deposits, About 60 per cent of East Ger- many'# soft coal comes fron Sinf.cnberK.
832
1135
3-month
624
(24
270)
277
-
270
Lead Imi hatt Dec
116
27034 11014
Mar
15
11522
2. at half ber
TOPA
1+2!
Mar
075 United Press.
coal
E45.
reserves,
and imperil her soft coal
New York Cotton
Futures Drift Lower
New York, Dec. 4.
Cotton futures today drifted irregularly lower
in the second session of slow dealings.
Spot December March May July October December
March
May
NEW ORLEANS
CLS
New crop
deliveries showed | relative easiness under liquida- tion and reiling by locals, Offer- inga were encouraged by un- certainties dealing with prob- ible loan rate for the next crop and a possible change in gov ernment cotton policy.
After sagging
as much $1.45 a bale, the market steadied at the close on dry trade cover- ing but still showed a not loss of 2
2 to 10 points. Opening prices were off 1 to 13 points. New Orleans closed off 0 to 10 points,
The
to
prolonged period of dull- ners in the textile market, and a more reassuring attitude toward the Middle East, also ceted chill new buying interest,
Spot December showed rela- tive stendinos. No transfer rable notices appeared to lay and none have been issued since first notice day November 20.
Outstanding December con- tracts at the opening of business totalled 50,100 baltï. The cer- ilicated stock remained at 3,019. bales.
Volume Open Interest
4,00 $50.100
10209 E
14,400
d300
100.000
1F0.600
10,200
6.900
200
34.400
34.10
A3 B8
33.00
33.69.
37.39
32,90
1202
settlemen:
soit the new
No. 1 pale crepe
11014-15 May
The market was barely steady with spot quoted at 33% pence,
of
No. 1 spot
Faltlement house term:
JAG. reb.
Meanwhile, the shortage hard cool and coke is already reported to be affecting from production. According to reports reaching West Germany, two or the six blast furnaces at Stalin- stadt, the main pig-iron produc- | July/Sept. tion centre, arc idle,
3316-3325
London Foreign
Exchange
London, Dec. 4.
Closing rates were;
Mar.
Jan./Mar. Apr/June
Oct/Dee.
3011-20
Dec.
General markata, cif balls, ports:
33-3314
New York Montreal
Jan.
Feb.
Estate crope thin Dec.
On the railways, the from hard to soft coul
switch
4015 thick, unquoted
United Press.
mcar
Transport Delays
that cool tenders have to be alled about three times as often, leading to transport delays.
bu
Any drop In iron and steal production would quickly reflected throughout East Ger- man industry.
NEW YORK METAL FUTURES
New York, Dec. 4. Prices of metal futures clored today in cents per lb, as follows:
Load December
Zing
tu
From the Eart German Gov- ernment's viewpoint, this in a very sensitive time for labour hom troubles. The Government
Vourness over the situations Poland and Hungary. Hort Walter Ulbricht, first secretary of the Socialist Unity Party. has warned workers that they must observe 'rict discipline,
The para-military
Prices of futures closed today shown increasing signs of ner- as follows: Spot December March
May
July
October December March May
LIVERPOOL
33.50
34.17
33.06
3364
13.01
"factory guring" decrea among rel- able party members, after the #bortive impal ing of June 17, 1953, have held repeated "roadl-
Future closings, in pence per acas paradca.” lb. were as follows; old contract
Doo./Jan.
Mar/Apr. May/June July/Aug. Cet/Nov. New contract
20.05
28.50
Safety Valve
20.00 There have so far, however, been no signs of industrial un- rest to justify even the precau. 1887 | tionary measures taken 'so far. Since the third Socialiai Valty 2009 1815 Party congrass last March, the 00.00 party has
Introduced a safely valve by tlowing workers to express their critici of factory management much more freely than before.
Dec/Jan, MAT.ADT. May/June July/Aug Oct/Nov Egyptian Karnak Nov /Deo,
SAO PAULO Future dosings, in cruzeiros Der kilo were as follows: Kegember
unbusted Maron
牛腩
| 81,500 · 12101700 balus | Ontober.
NEW YORK
There have been reports at free critial hi even of produc-
tion normis, almost unheard of
January December
January December January
Copper December
January
Amsterdam Bruneja Copenhage Frankfurt Milan
PATIE Stockholm Virt
2.7016-2.7096
2.60-5/10-2.58-3/18 10.0731-10.635 190.86-130.87
19.3454-139.30}$ 31.714% -11.71%
17883-175534 10.933-19.3324 0831-08341 14.4935-10AJI 12.24-18.244
Other were unchanged
United Press.
New York Foreigo || Exchange
New York, Dec. 4. Closing rates, ware;
25.406
18.23
155.00% Canada
10,00
England ometal
13.805
13.306
53.40b
United Prest.
London
1
30-day futures..
po-day futures unofficial
Others were unchanged
+
1.03-13/16 278-13/33 2.781 2.751 2.59-01
United Pres
Stock Market
Consolidates Gains
London, Dec. 4.
The London Stock Exchange consolidated. Its re-
cent gains today with most sections firm.
"Activity was supplied by the
200 th, sack .............
United Prest
WINNIPEG GRAIN PRICES
Winnipeg, Dec. 4. Prices of grain futures closed today
In cents per bushel us follows:
builders defence materials.
Motors
Lower
general Foods General Motor Glidden Co, Goodyear Tire Heyden, Chemical Ingersoll-Rand
Inl! Businen Machines Int'l Harvester, International Nickel Int'l Tel à Tel
Kanta C. Power & Light Kennecott Copper Lockheed Aircraft Loews Incorp. .... Lone Star Cement Co. Minnesota Mining Mision Development
tonigomery Ward National Cash Reg. National Lead
New York Centrai on athieson Dus NovaTORN Pacle Ose & Lac. Pan American Airways
Paramount Pictures
Parke' Davis Co.
Penn, Salt Co. Pittsburgh Plate Glass" Radio Corporation Republie Bisel Reynolds Metal
Biricistr O
Socony, Mobilo
Rock (Torontómi, i Standard Brande Alanderd Of Cat Standard Ol of Ind. Standard Oil of NW, Sterling Drug Co. Blokely-Van Comy Studebaker-Packard Corp. Swift & Co.
Такая Со....
Union Carbide
Union Pacife Ralway United Alterati
U.S. Gypfum
US. Rubber
S. Smelting
1.6. Sicel
Warner Bros.
18xd
United Prest.
Motor shares were fractionally lower on realising. Meanwhile, Pre- L. M. Colbert, Chrysler sident, predited 1987 should go down as the second biggest auto year in history.
Industrial stocks as a group | Westinghouse Electric averaged 0.77 point higher. Woolworth Rails were down 1,22 in their average as losses ranged around point in Kansas City Southern, Norfolk & Western, and Union Pacific. A 2 point gas in Peoples Gas helped litt utilities 0.13
point in their average. The graphs 3 Equator, 4 Latitude, was marked by a 5 Hotelion, 6 Holland, 7 Instru- market dip substantial drop in activity, ment, 8 Pole, 9 Project, 10 with turnover totalling 2,180,000 | Dư'ch, 11 Navigate, 12 Longi- shares, 300,000 below 'yester- tude, 13 Globe, 14 Cartography.
Gerard Marcator. day.
Oats
December
70
MAY
703%
July
73%
Ryc
December May
1241
1301-131
July
129%
Barity
December
10435
1041)
May July
100%
cents--United
A
Wheat, No. 3, 101% cents;
144% D.
No.
Press.
Singapore Stock Market
Singapore, Dec. 5. Brokers today quoted the fol- lowing stock prices:
Opening Balu Lintang Rubber Co.
Lid. Britt Barica
Byndicate
Coneistoa Tin Smellers
Ord.
49
20131
Fraser & Neave Ltd Frumar & Neave 74% cum.
Gammons. (Malaya) Limited Hongkong & Shanghai Bank-
in Corp.
Hongkong Tit Lad
Kempas Lu..
Luna Rubber Estates Lid, Malaya Breweries
New Berandah Rubber
J. Lid.
Petquing Tin Eid.
Tastes stotel
Bingipore, Cold Storago South British. Insuranco
Straits Trading
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Buer: Canni abowed, strength | Unlud Engineers Ord. bears who were covering their Lin, early, finding but closed un- Wearns Bros. short positions. This brought changed.
Spech moderato rises in' savment langes
been under i known to have
including brusure,
Unilever riset ranguty from to Exchange Rates which gained.... mora - than 2
There were : scatleráð) Tin
before the pret: 13 months.polsewhere of a shillin' or miss
In the US the avirage spot withe standard of living in Royal Dutch, gained prion / wke: 85.17. conta: Baits East, Cermany ng bike minờng hàm in the olla (BrJEH Prices of future closed today (fallod | 109,078, Balgquestipited swadilygerer : the want: thewe Burman and vahet
(Wars up more than 3 abil
British Governments enjoyed
Bueleke was done in the' "Sötők "foreign liens there nomeral ornare le market zuintus,
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