THE CHINA MAIL,
THURSDAY, APRIL 18, 1957.
TRADE and COMMERCE SECTION
1957 BRITISH INDUSTRIES FAIR HONGKONG
To
Birmingham TO TRADE WITH WALL STREET
Be Centre Of Exhibition
London, Apr. 17.
Some 50 countries in all parts of the world seem likely to be represented among the buyers coming to the British Industries Fair which will be open from May 6-17.
But this year the Fair will not be in London and Birmingham, as in the past. It will be concentrated in Birmingham,
Royal Mall,
the
In the past, the Birmingham Circulation Permit. Advice on section of the Fair bas motoring in Great Britain may accommodated heavy engineer, be obtained from the ing, electrical, hardware and Automobile Club, Pali building goods, the backbone of
London, S.W., or from British industrial effort.
Automobile Association, Fonum This year these sections will House, Coventry Street, London, again dominate, but the scope W.L. There are ample facililles will be widened to cater
for parking at the Fr. for consumer products, and anybesty Visitors who wish to tour
exhibited at the Britain un who formerly
holiday when They London Fair and whe
is con
rome for the Fair can get all nected in any way with
these the
the information they want from will be ellable industries
Tra tra the tourist information centre show in
Birmingham
Travel and Many of the
British London exhibitors have signified Holiday Association, 84/65 their intention of participating. James's
London, S.W.1. The Birmingham Chamber of
The
Britalive Commerce owns, on the Castle
stle largest cities afe within 150 Bromwich site,
thee largest miles of the Fair, and so it is
for single-roofed exhibition hall in comparatively easy Europe. It
in this hall, bibliors to take buyers to their that own factories for further con- to be held
sultation and demonstration.
developed the years, Over
of
ex-
General Samples to be offered, not
The British Industries Fair is
the exhibition
Better facilities than ever бокого де only to exhibitors but to buyers, for discussing British industry's capacity to supply the world's a general or samples fair: it is not needs in a period when com- | devoted to any one particular petition is growing and 'normal' | trade. The range of products trading conditions are beginning on show is therefore very wide, to return,
and this year
every effort being put in to make the ex- hibits active rather than static. For instance,
on one stand complete foundry showing modern methods of producing castings will be in operation.
The Lay-out
the d
from one
CHINA DISCUSSIONS
Washington, Apr. 17. The United States and 14 other nations have begun pre- liminary discussions оп the possibility of increasing allied
STOCKS IRREGULAR
"
New York, Apr. 17.
STOCK EXCHANGE
(From Our Correspondant).
ap-
Busine done on the Hong- Joonge Stock Exchange this moaning amounted proximately $418,000. Noon quotations and the morning's transactions:
BZATO Buyer Soulsru
1800
Stocks went through another irregular session trude with Red Chiha, officials today with interest centred chiefly on a few issues.
today.
moving in response to individual developments,
days in Paris.
They will be
Union
Lombard
Lukens continued to occupy a prominent place, SIPPING bouncing around sharply on heavy volume.
"These sources said the talks got under way in the past few
continued there and various 18 olber capitals #mong the
Olls were given boost by | Standard Oil of N.J. free world nations co-operating President Eisenhower's indicated Sleep Rock (Turonio Exge.)
Sterling Drug Co. to control trade with the Com- | Endorsement of a bili now pend- Sinkely Van Camp, munist world.
ing to ease Federal control of natural gas producers,
other
more
The
con-
Britain. Japan, and allies are pressing for trade with Red China. United States has been sid.ring whether it can agree to other increnes for such
It has no intention of lifting its own bar on all US Commun- traste with Chinese 118.
Steels generally were mixed. Molors were narrowly mixed. Rails also had small changes either
for a last way except minute drop of over a point in Baltimore & Ohio,
Backing Down
Some reports mid Britain has
The late backing down pared notified the United States she prices from the day's beat levels
her trudo nut Intence to supi up
al the close industrials with Red Cling regardless of averaged 485.02. up 70 point; whether the United States op- | ralle 145,57, DIT 02, uulities
oficials proven
here said, 71.98, up 20; 09 slocks 170,70, not expect up 28. however, they do
The gain in utilities, Britain to pull out of the 15-| fürgely reflecting a 2 point galt Fallon trade control group and| In Peoples' Gos, fled their got its own way.
average to its best level sinch March 26, 1931.
But they said Britain prob- ably will continue use of an "exceptions
which procedure"
Turnover was than in earlier
nctive more sessions This
in special enges permite trado | week, with a volume of 2,198,000 with Red China in otherwise shores compared with 1,895,000 banned items. Britain has used on Tuesday. this procedure in the past to export tractors and certain types of vehicles China-United
to Press.
New
#
A
The fact that the Fair is senerel one is of particular ad-
to buyers who conout vantage
spare the time to visit the many specialised shows that occur at
versions
The lay-out of the exhibition is simple. Under the one roof there are seven avenues, There are no baleo ́es, and no stries
tiruts for buy ti floor to another. Buyers do not have to go out into the ope air to get from one trade section to another, and the sections of
various periods in the year. The the Fair are being so arranged Fair la noted for the new products that their contiguity will be
be which often arc matched by their affinity. Thus, for the first time, in addition to presented at it consumer goods and hardware
of well-known will
adjoin building
exhibits, new and beating and decoration will goods and new linishes for well-
tried lineS. This year is adjoin electrical, which in turn exception. The organisers believe will adjoin engineering exhibits.
not only that buyers want to Each trade section is to be kw what is on display of a self-contained, with its
general nature, but also that it dining
buyers' is vital to them to know what is rooms And cloakrooms, and there will be new.
Overscos Buyers' Club in in the Overseas and Home
of the the centre
Fair, where
this point is publicity
given there will also be a central special emphasis. A list of such information burepit to
supply new
is are known to and travel in products
the organisces has already been cent overseas, and others wil Cily follow. Overseas buyers who are Corporation, proud possessor of unable to visit the Fair are write | ond of the inost
famous ing from all over the world re- technical reference Ibraries in questing informotion. the world, is preparing to
On
accommodation
formation for buyers.
The Birmingham
OWI
York Sugar Market
New York, Apr. 17. World No. 4 sugar futures to- day closed 19 points higher to n poles lower with sales ot 1,075 contracts,
Domestic No. 0 sugar futures closed of 2 to 5 points with sales of 142 contracts.
Strength in nearby world deliveries reflected covering in
following
prompt May, absorption of 388 transferrable noees, and firmness in the raw market.
the
Western Germany was the accredited buyer of 20,000 tons of Cubans and were reported negotiating for another 8,000)
tens
Of a total 1,380 issues tended. 450 were higher, 430 lower, 275 unchanged with 84 at new highs, 21 at new lows,
NY
Stock Exchange bond volume was $4,311,000.
Americon Slock volume was 800,000 shares.
Studebaker-Packard Corp. Bwin & Co.
Texas Co.
Union Carbide
Union Pacifle Raliway
United Aircraft
U.S. Foi "B"
US Gypati
US. Line Co.
US Rubber
US Steel
Warner Bros.
Westinghouse Electric Western Union Tel, Co. Woolworth
Sales
NEW SEASONAL HIGHS ON COTTON MART
New York, Apr. 17.
Cotton futures today turned irregular after
a buoyant start lifted several deliveries to new seasonal highs.
After gains up to 85 cents a bale, the market met enough realising and hedging to push the new crop months back below the previous close.
Final prices ruled 16 points higher to 7 points lower." The market opened up 8 to of 1 point, New Orkans closed 1.183 points.
100 800 100
2:40
200
3714
Wheelock
7.10
DOCKS, ETC.
1.20 10950 @
K. Wharf ..
90
604 Dock
*
Provident
XD
18 LAND, ETC.
711 Batet
Saff | KK Land
4514
11.00 11.90
100
++
1415 14.00
(Яts)
423
1.371
Humphreys
Realty
63
110
70 P
Amalg
42%
31
421
RUBBER
Trust
UTILITIES
Tr
Star Ferry..
Xu
1080 131.371% 1000
10.40
25000 15
1,45 1.47% 5000 ₪1.411
C. Light (D) 2130 21:50 2900 ₪ 21.00 Electric
20
"
· 1.473%
No
21.20 21.30
67
101 103
1816
43
... 23.80
9.60 Macko E Tel. (0) ... 24.90 241
200
INDUSTRIALS
Cement
3294
Rope
13
STORES, ETC
Dairy
10 1000 15
Watan
United Press.
WORLD RUBBER MARKETS
New York, Apr. 17. Rex rubber futures today closed 10 to 19 paints higher with sales of 35 contracts. May July
September
November
January
31.65
$2.25 30.20
31.05
31.40
March May
31.25
31.05
Standard contract closed 10 to 18 points higher with no sales reported. May
Exchange
Closing Prices
July
September November JSTARTY March
32.23 1320
Covering before the
171
80
and
30
34
American Cable &
Radio Corp.
016
American Cyanamide Co.
7712
Amer, & Forgn. Power
50
74
257%
ITCH
Alden Inc. Acy. Allied Chemicals Allied Mills Ine. All Chalmers
American Airline
Am. Mach. & dry Aankrican Metal
American Smelting American Tei a Tei American Tob, "B"
Copper
Anaconda Armes Steel Annour
Alier Com, Mining
Baldwin-Lima-Ham." Baltimore & Ohio Benelical Finance Bendix Aviation Corp. Benguet Cons. Boeing Airplane Bethlehem Steel
Burroughs Add Machine Canadian Pacific R.
Co.
| Case (J. 1.) Cat. Tractor Celanese Corp.
31.00
Lane, C.
Emporium COTTONS
Nanyang
olf
Increased offerings coincided with news that the administra- tion is taking a fresh look at the whole farm problem in the hope of working out a new long- range programme.
President Eisenhower told his press conference that he has not yet reached the point of
eclilc Ing proposals,
makTM legislative new Uncertainty on that score injected a new uncertainty and caused some of the earlier buyers to liquidate.
waa
Farenoon
trading dominated by evening up opera- 24.00tions in the spot May delivery 0924 before first notice day a week 150 32% hence.
Leading apoi interests, believed to be long the greater
of
11.40 11.50 100011 part of the 214,000 bales in the
were sellers open interest, around 10,000 bales in May. The contracts appeared on the scale- cent were absorbed by mills, shippers and other trade- 23000 * 4.65 accounts,
MISCELLANEOUS
28.30
0,00
#10
8.13
5.30
INVESTMENTS
Allied
415
10
HK Cusat (0)
XD
K & FE
kavest
CHICAGO GRAIN
MARKET
up basis from the 35.30
level and
covering A post-opening spirt in July TOF into spot orders while sellers wore ten-
absent,
lifting porarily
month to 34.04 cents
that
new
seasonal high, New highs also were made in the 1958 March and May deliveries.
The certicated stock mained at 11,800 bales. Month
May
July
Chicago, Apr. 17. Grain futures were irregular on the Board of Trade today.
Prices fluctuated considerably July 310 during on setivo session, Wheat Out. 3145 prices moved over a wide range Dos. Mar. 3155 with May contracts a bit higher, May
Early trade in soybeans formal long-
the week-end Easter holiday recess market steady to firm. Good Out
steadiness
London maricut for vegetable oil and of
soybean meal influenced soy the terminal trend shaped
beans at tho opening, but a Best part of the
small
mid-morning decline pulled was represented in an exchange of May contracts for physical rubber and intra-dealing switch- Ing of the July-May contracts. The deliveried market indicated sub-routine demand from smaller factories. Spot No. 1 Ras was quoted at 321⁄4 cente.
SINGAPORE
trade
4134 No. 2 rubber per lb. May 90-90%4
יד
bean prices down.
Wheat closed unchanged for eld style contracts to up 2 centa; new contracts up 1⁄4 to 1⁄2 cents; soybeans closed off to up cents.
Wheat No. 2 red
Bpot
Mar
A-
PRICES HIGHER ON LONDON MARKET
London, Apr. 17. Prices moved slightly higher or a wide range of issues in quiet trading on the stock market today,
British Government bonds were an exception to the general trend. Industrini issues were higher, but the vast majority rose no more than six to nine pence. Irori and steel, en- gineering and browerte re- ceived the most attention.
Oils were firm with Royal Dutch up five shilings, Burmah two shillings, and Shell Trans-, port a shilling.
Suez Canal was unusually active and moved higher.
Foreign Hens were mostly quiet with prices Casier-United Press.
slightly
NAMESAKES
Answers-1 Ignition, 2 Teor.
que, 3 Cannstatt, 4 actories, # Petrol, 6 Invention, 17 Gears, 0 Volume Open interest Benz, 9 Mercedes, 10 Magneto,
31300 214,300 0,300 181,100 4,1:00
170,100 6,200 184,300 4,000 85,400
$900 85,200
4,000
64,000 3,000 18,000
07 100 DOG,100 bater
839229826
Prices of cotton futures closed
30.60
34.93
BRERASABA
11 Lubricates,
18 Cylinders,
Engineers.
10
12 Combustion, 14 Wheels,
(the moter
Gottlieb Daimler pioneer).
yes're going***
EUROPE
USA
ORIENT
Total
NEW YORK
Wherever
Prices of cotton futures clused
today as follows:
apot
36.00
May
36.50
July
Oct.
Dec.
MAY
July
Oct.
2234;n
May 2AH) 20 (1) 20
The market opened slightly higher on better overseas advices but it cased later on profit- [45] taking at higher level. Future: No. 1 rubber per ib. may 034-90gh
July
21416-
NEW ORLEANS
Bept
21033-44
Dec.
22016
Corn, No. 2, yellow
today as follows:
Spot
134
Spot
May
13095-55
May
473
July
13412-96
July
Sept.
135-7-15
34 No.
89-8914
Dec
1.30
Dec.
16% No. 4
67-89
Jats
13346
Mer.
91
Spot rubber "unhaled
Dİ-22 Bye
MEY
16
Blanket crepe
46
784
Ne. 1 pale crepe
801-875% 00-100
Joly
Mary
1304%
Oct.
July
12315
LONDON
Onts
Colgate-Palmolive Co. Colombian Carbon Cu,
431%
May
7212
July
cas
Commercial Credit
50%
Soybeans, No. 2, yellow
May
4.70
Commonwealth Else.
July
6.71-72
Consolidated. Exlison
44%
Sept.
0.72
Continental Oil of Del.
56
Oct,
6.13
Crown Zellerboch
with spot quoted at 271⁄2 pence
Prices: per lb. No. 1 Rhet apot ....
Spot
24231
MAY
273-273
Judy
237-T-I
Settlement house ter:
Sept.
22932
Mar
4.80
Cuban Amper, Sugar
May
4.81
Distnond Alkali
DA May
0736-27.4
Nov:
22014-T'
June
279-27
Jan.
2201
July
4.30
Douglas Alremaži
Sept
4.80
Dow Chemicals
BTS
July/Sept.
Barley.
Cat
Spot-(cents
Cuhat Open Interest: 9,378 contracts
per lb. ob
Dupont de Nemours
1009
Oct/Deo,
Spot
37
Jan/Mar
0.75
Eastman Kodak
El Paso National Can
372
April
200 1b, meck
... $13.10
United Pr
Contract No. 3 (domestle)
Family Finance Corp.
May
Firowtone Tyre & Rubber
June
Ford Motor
May July Brpt.
5.71
General Electric
FR2
General Foods
0.01
General Motor
Nov,
6.87
Gen. Pub, Ut).
Spat-cents per 1b. of NY
ex-tuby)...... Open Interest: Unlled Pret,
5.00
Glidden Co.
3,504
contracts
Goodrich (B. F' &,
At roughly the same time as establish in the centre of the the British Industries Fair k Fair an inquiry bureau in direct Birmingham thero telephonic communication
with
C
Ire
three other exhibitions In England- the reference library in
The Instruments, Electronics and
Exhibition heart of the city. Answers to Automation any technical questions asked: Olympia, May 7-17; the Gits will be available within a few Fair at Alexandra Palace, May minutes.
There will be a corps 13-17: and the Factory Equip of interpreters in all European ment Exhibition at Earls Court, and some Asiatic languages at April 20 to May 4. All there are London, and increase the the Overseas Buyers' Club.
Outside the
visit to England for hall value of main
British Industries there are
Fair at open spaces where the mechanical
handling devlees Birmingham.
display und
high the Fair in Birming
will bo
operation.
Travel Facilities
in
buyers.
will be without the moral support of its familiar sections Olympia and Earls Court, its concentration In one hall will have
for advantages to the Fair will be better and Many business mon find *x* greater than in any previous hiblion-visiting something of an year, and already the BIF ordeal, and if it can be done in
what is authorities have prepared a list comfort and,
Facilities for those travelling
of approved accommodation for expeditiously, so buyers,
Fair tho Birmingham will also take place. Yehudi Menuhin will be giving
Domestic No. 6 sugar futures cased under realising before the long week-end Easter recess. Contract No. 4 (world)
C. I. T. Financial Corp.
Chrysler Motors.... Climax Molybdenum
Eastern Airline
deity Off
Goodyear TYTO
Guir ou
Heyden Newport Corp. Homertake Mining Co.
NEW YORK. METAL-Hand
FUTURES
New York, Apr. 17. Prices of metal futures closed today In cents per
it. follows:
more.
much
the
During the period of better.
the
Festival of
Lead
April
16.35b
Nary
15.901
Other Attractions
ZAre
APHE
11.05b
May
12.74b
Copper April
28.50
MAY
29.00
Ta
April
98.571
May
98,25)
Apri
29.77) (8trali)
May
concert,
its celebrated
and tho Halle The English countryside is at Orchestra will be present under its best in May when the Fair is conductor Sir held, and many of Britain's
beauty spots are within being reach of it. There will certainly.
and
cosy
be much else to see and do.
(standard)
09.756
-United Prem
Inland Breel Co. Interchemical Corp..... Int Business Machines int'l Harrestor
International Nickel
Lowenalcin Sanx McDonnell Almraft
The rubber market was quiet
General marketa, eif basla, ports
Estate crepe thin May
Estate crepe thick May
-United Pre3.
Singapore
Stock Market
New York flour
WINNIPEG PRICES
São Paulo-quotations were unavailable.
In the US the average price
of one-inch cotton at 14′′ de- 241(dgnated spot markets was 33.89
130-140
cents.
Total sales at these markets WCrC 14,804 balca-United Press.
LONDON METAL
PRICES
London, Apr, 17,
Prices of metals closed today in sterling per long 100
71% follows:
ROUND
THE
WORLD
You can fly there on the world's most
experienced airline
For reservations, call your travel agent se Alinindia House, Phone 37031, Hoas Wora
Faninsula Hotel, Phone 64005, Kowloon
Winnipeg, Apr. 17. Prices of grain futures closed Today
in Canadian
Lushel as follows:
Singapore Apr. 18. May
Gammons (balaya) miled $2.00
3014 Hongkong&
Danking Corp
cents per
2-month
A$
714
Buyers
Bellers
723% Tin spot
717
728
2715
1116 Copper spot
24034
11044 3-mbath
240%
112% Lead 2nd half
2 Zine 2nd half Apri
July
July
-Undied Press.
PAN AMERICAN
London Foreign
POPULAR PUBLICATIONS
*
Onis
May
July
Oct.
Rye
May
mily
Oct.
Harley
Brokers today
Int'l Tel & Tel
the quoted following stock prices:
KaDRAN C. Power & Light
na
Kennecote Copper
116/2
Liggett Meyers Tob. Co.
Lockheed Aircraft
Opening Datu Lintang Rubber Co. L4d. $3.07 British Borneo Petroleum
Byndicate
61/-
July Oct, Flaxseed
May Jut Oct.
404
Loews Incorp...
Consolidated Tin Emalters
10
Ord.
Lone Star Cement Co.
2012
эт
Framer & Neave Ltd Ord. Fraser & Neave 7% cum.
prof
*WAYYAPA
$2.40
Canadian wheat export No. 5. non-IWA, 188 centa; No. 8, 138 cents.-Uilled Press.
$4.05
Shanghai
$890
The Guinness Book of Records Chinese Creeds & Customs Vol, 1 Chinese Croods & Custonts Vol. II. Baby Book ...
: 5·9.50
18.00
18.00
25.00
31.00 41/24
This is Hong Kong^.
8.50
The Hongkong Countryside (Herklots)
25.00
London, Apr. 17.
Hongkong Birds (Herklots)
35.00
2.7631-276-12/10
Coronation Glory
7.30
2.07- 10.60
11/20 King George VI
7.50
It's Fun Finding Out. -- Zád serios
(Bernard Wicksteed)
5.00
Expresa Annual
10.00
4.30
1,00
*5,00%
1.50 1.50
30
Am. Stock Exge.) Merabi Iran Corp. Minnesota Mining Mision Development Monsanto Chegitens. Co. Montgomery. Ward National Cash Reg. National Dairy Prod. National Lend..... National Steel Corp. New York Centro)
John Barbiroll.
New signposting is the streets. erteted in
The theatres, concerts, festivals, atrlines
are increasing
their ballet, art galleries by the score, that a visitor bringing a car (or on Mothleson services to Eimdon, Birming
events as the Royal motor cycle) to Britain, buying a Otis Elevators... ham's airport, and the latest such
Exhibition, now one here for subsequent ex-Pacific Gas & . *** Academy Summer
Owen-Itlinate Clam the Viscounts will be put into which opens during May and port, hiring either a self-drive Pan American Airways improved service which British con
continues to mid-August; the or chauffeur-driven vehicle, will Paramount Picknes European
Airways is organis Football Association Cup Final be granted sufficient petrol to Park, Dale Co. Buyers
flying to this at the Wembley Stadium, May meat the reasonable requires e Co infot country from oversens
Philip Morris 4: the Royal Windsor Horsements of the tourist in normal Preise & Gamble Co. lanting at Landon or Glasgow show, Home Park, Windsor, May times
Pittsburgh Plate Glass will have direct reeder services -11 the Rugby League Cup These arrangements mean that Pure Ouderen
Puttioner Industriów to Almaon.
Final, Wembley Stadium, Moy there a virtually to limit to the Itadio Corporation Brian Railways" arrango-11; Chelsea Flower Show at the amount of motoring that can Republ ments provide some London Royal Hospital Grounds, Chel- be done by an overseas visitor, expresses to be re-routed so ses, Lanton, May 11-24;';
he comes to Britain ones 04 Co.:: that they Bromwich
to Amateur Golf Championship, business or depressumé. It im ÖLL Castle
before Sandwich, Kent, May 27-June 1. should be pointed out, however, oponer kretslosi Birmingham
Special arrangementa
that the
arrangements do notar: Altrert Visitors who wish to bring be made to ensure that visitors apply to secondhand cars bought ours their cry with them should from overseas cary obtain suffi- Beltai, nor to can borrowed EORUMET apply to their national motoring eight patrol for all their mende. from British friends The Four armour association for an International | The Government have announced | of Trade Journal.
will go direct
And the whether
have
Haward
3493longkoni Tin "Ltq.
Kempas Ltd. (exdiy)
Kia | Kuma Kampar T 549 Xunas Rubber Estates Eid.
Malayan Breweries 11913 New Yerandah
Exchange
Cloning rates were; t
Trussels
Rubber Co.
40
Ltd YO
Petaling Tin Lid. 41% Taman Hotel
1.97
New York
.40
Montre
Bingapore Cold Storage
· Burulia Trading (cash) 4% trails Bleamakip
$1.50
Arterion
131770
09.00
$15.25 Copenhagen
Pinkfort
12.00
Lisbon
M
Stockholen Burich ·
Others
1814 United Engineers Ord. Wearne Bros. (uxdly)
BOL
--China Mail, Apecial.
New York Foreign
Exchange
Now York: Apr. 17.
Closing, fiu were: Canada
[Kimeralla
30-day
New Zealand Tout Afrien
Mum Dikere uthaben
unchange
140.21
104814-1945 12.7816-31.483y 80,00-80.16
nited Frees
Exchange Rates
·BERLINA Ws' dona ; In the jocs! unofficial
(market; "khis
.06 8/24
2X16
1/2
morning, at the Zollowing rates;~~~ 087dollar, (ber (81)
Bingapore (ftruita)
Rupert Annual r
Rupert Magasines:
Stamp "Albuma Z
Ten Points About Paaris
Pointa 'un' judging Jida
Outline Ralial-Map of China
·S.E.. Adia:
On Sale Af
SOUTH CHINA, MORNING POST. LTD.
HONG KORG