1953-09-10 — Page 9

MESSAGERIES

P.O.-Box 52. Queen's Biddle..

M

MARITIMES

TWI: 16651.

M

FAST PASSENGER/FREIGHT SERVICE.

Outwards (from Euzupe) Leavaa Marsellies

"LA MARSEILLAISE”

*VIET NAM"

15 Sept.

Oct.

11 Oct.

$ Det.

3 Nov.

18 Nov.

Homowards (la: Kurape) Leaves Hongkong

"UAMBODGE"

“VIET NAM

“LA MARSEILIAIRE”

"CAMBODGE"

Dus II.K.

3 Oct.

For Yokohama

1 Nor.

→ Nov.

Duo Marselies

Yokohama

Via Nalgon Batron

13 Nov.

20 Nov.

it Dec. BALER 1..

Vip Marscilies to all Mediterranean & West Africa Ports Via Djibouti, to MadagasODE.

FREIGHT SERVICE

Outwardı (from Europe) "AURAY

"IRAQUADDY"

"MONKAY"

Lait

1 .. ...Antwerp 27 July 2 Sypt, ....Antwerp - 1 Sept, 21 Ori. ...Dunkirk early Oct, 28 Nov.

Homewards (lo Europe) Leaves Kerlung

"COURBEULLES”

* Oct.

.caves I.K. 7 Oct.

Mapila & Japan Manjia & Japan Mahila & Javas

For

"AURAY"

35 Oct.

1 MOY.

"IRAQUADDY"

13 Nov.

10 Nov.

† Belgon, Singapore, Djibouti, Marseilles, Algiers. Opan. Tangiers, Casablanca, Le Havre, Antwerp. Rotterdam & Dunkirk. Subject to change without notice.

EVERETT LINES

EVERETT ORIENT LINE

Fast regular freight-refrigerator-passenger servico to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Rangoon, Calcutta and Chittagong.

"BRADEVERETT"

Arrives Saita

Bept, 19 from Singapore.

Sept, 20 for Kobe & Yokohama,

"NOREVERETT"

Arriveą Sails

Sept, 20 Sopt. 21

from Manila, for Singapore,

Penang, Rangoan & Culcutie.

(Accepting cargo for transhipment Kobe/Puzan and Kobe/Okinawa?

EVERETT STAR LINE

Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Slam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports.

"STAR BETELGEUSE"

Arrivoo Balle

Sept. 10 from Singapore.

for Sept, 20

Pusan,

Yokohama,

"STAR ALCYONE“

Arrive Balls

Sopt, 20 from Japan.

Kobe

&

Sept. 21 for Singapore, Port Swetten-

Penang, ham,

Madras, Colombo, Cochin, Bombay, Karachi, Khurramshahr, Basruh & Bahrein,

(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)

EVERETT STEAMSHIP CORPORATION S/A

(Incorporated in the Republic of Panama

With Limited, Kaability

Queen's Building, Telephone 31206. Chinoso Department: Telephono 28293.

Dullness

Returns

To Cotton

NEW YORK

FOREIGN

EXCHANGE

Canada

unometal 30-day future.. D0-day future

New York, Sept. D.

$1.01

8.50.11/15 2.00-2.09 2.50 2.00-1/10 2.244 3.80 2.00

GROM

New York, Sept. 9. Cotton futures trading today England-icial lapsed back into the dullness prevailing before Tuesday's crop roport. Prices swayed within an | Australia unusually narrow range keep- New Zealand ing a trifle on either side of the South Africa previous close.

Unicss the

changes materially

crop

Belgium Denmark pictura France before the Ormany

Hollard peak of the harvest season

theNorwDY weeks hence, or several consumption outlook brightens Portugal materially

technicians believe Spain

Bweden

that trading is likely to con Switzerland tinue at its present stow pace. Middle East Most of the business today | Egyp

professional an

fraq

originated among

talent along with

transferring Turkey

from nearby to lator deliveries. Latin America

Evening

up in the October Argentina position deliveries before firs! Brazil

Itolivia Chile notice day-Sept. 24-also wor

a trading feature. Open contrapt Calombla

Mexico

month approximated 390.000 Cuba bales. Some switching out of Peru nearbys to later positions was Uruguay encouraged by the idea that in Venezuela Far East poundings under the loan may india be heavy and with production | Pakistan control almost a certainty next opekeng prices might be higher Singapore year,

Japan over the longer term.

The Government weekly crop and summary today said hot

dry weather favoured mostly checking of weevli aativity, en- and couraged harvesting stimulated devolopment whore was ample: United moisture Pross

•

New Orleans Prices

New Orleans, Sept. D. Prices of cotton futures closed today as follows: ---

Brot

October

December

March(1964)

July:

32.10.

.000

2335

2835

0001

,1403

.6330

.+233

233414

.0785

4020

.2003

Uilted Press.

30 yen to US$1

LONDON TIN

MARKET

London, Sept. 9.

THE CHINA MẠIL, THURSDAY, SEPTEMBER 10, 1953,

Impact Of Bearish Factors Now Being

Britain's Tactics At GATT

tlons from the contrast between

Felt In U.S.

By SYDNEY S. GAMPELL Router's Financial Editor During the summer there have been at least 10 bearish factors for US, business. All of them could be and were explained away, and 'so had no influence on business which had a wonderful

It la tempting to draw deduc the President of the Board of summer, !***... Trade's decision to lond the tho 10 British delegation

G.A.T.T. conference at Geneva this month and the Chancellor

of the Exchequer's action in absenting himself from the an- nual meeting of the Internation- al Monetary Fund in Washing-

ton.

But as summer turns to autumn the Impact of some of these factors seems to be arriving, after having merely been postponed during the summer. One example is the buyers market in steel the effect of the destruction of the General Motors trans- mission plant is serious in itself, and it may have both masked and touched off something more serious.

Certainly, the I.M.F. does not

Over a wide field, inventories appear to rank very high in the official order of priorities at and consumer ordli give cause alarm, though · ef the moment though it may well for rome acquiro top place at some time course it always remains to be in the future. But is theton whether an alarm. will be sentiment turns, G.A.T.T. then regarded as hay-Justified. It ing so much more

bullish factors become bearishi Importance?

Jactora.

Immediate

The fact that a Minister is to represent British interests at the CAT.T. conference, in addi- tion to the officials who were deemed sumelent by themselves last year, does not necessarily mean that a major decision In prospect. It may simply mean that the issues which will bo raised are expeeled to im pinge directly on the politician's sphere, and the offelal would be at a disadvantage if he were left to his own resources.

MAIN.CONCERN

Ta

monu-

For For example, unfilled orders are more than thrice the pre of durable goods manufacturers Koren level in mency, and more than double the pro-Korea level in terms of current sales. the customers of the sfacturers, those huge crders are commitments, and there is a notable tendency to prune them, Perhaps most ominous of all is the farm situation.

During the

the SUDIMET,

effect

on

in | business of the downtrend

and farm income farm prices was easily explained away,

At the decline,

it was said, farm income was still high by previous standards.

That is, indeed, precisely the problem that the British dolega- tion is likely to face at the forthcoming Geneva conference. it is not that Britain intends to 10 seck here and now major decision on the reviston of the G.A.T.T. rules governing im- perial preference. On the con- frary, the Government's

Rain concern

limit scems to be to

"Lew the area of debate to spacing practical questions, and to avoid a general discussion of the

Issues of principle, raised by the problem of Imperial preference. Its uim is to post- pone this piece of burinessbut

ihat

|

Farmers buying power had been declining ever since 1947, but on this had been constantly outweighed by th: uptrend in urban buying power, business ad continued 10 rench now records.

THE QUESTION This was true enough, but the question is whether it can re- true if the main indefinitely

In farm incomca downtrend continuos

accelerates *ccnis likely.

Wheat is likely to provide a severe

After months of lest.

ar

HONGKONG SHARE MARKET

DOUGLAS REPORT'S CHANCES

The report of the committeo headed by Mr Lewis Douglas an U.S. foretin economic policy seems to go out of its way to reinforce saveral of the major points made in the official com- munique of the Commonwealth Economic Conference last De- American about the

Cotton Still The

Corner-Stone Of Egyptian Economy

Cairo, Sept. 9.

Cotton is still the corner-stone of Egypt's' economy. She must dispose of the immense amounts of “white gold”, import machinery, raw materials and commodity goods,

During the period 1960-51, while the Wafd Party was in power, the bottom fell out of the cotton market and the movement of consignments abroad almost ceased;

prevent to

It is clear that the value of Mr Douglas's work has been much attenuated by political developments outalde his control, which have occurred in the US. since his committeo pointed.

This was due to

soon

at

often

on

cambor contribution to the plan for the convertibility of sterling. Anong other things it proposes "a pro- gressive, vigorous and consistent relaxation of (US) foreign trade "It also stresses, as the Commonwealth com

an alleged monts, munique, the need for interna-

the bartor tional measures vistent fluctuations in the prices conspiracy in which Madame principle,

the New, h now stop has been of major commodities and in the Mustapha Nahas, wife

Minister, Fund dreided

10 upon

alimulate volume of sales. The main in- then Prime terest of the report lles, how-Serag el Din, the Minister of Egyption experts and imports. ever

Interior and later also This is to send nine economie In the concrete measures tho

the which it proports to ensure these Minister of Finance at the tune, missions from Egypt to destrable ends.

and certain millionaire colton main regions of the world,

have One of the men behind this merchants, are said to

the market. cornered

These now drive is Dr Mahmoud the Minister of the be the Fawxy, allegations will cubject

an important rid by Foreign Affairs.

BEST METHOD the Calco Graft Court

When the new military, re- wasap-gime took over

"Particular attention must be control of the pald to foreign trade," ho' said, July 1952, sixf there is to bu economle

the dismissal of improvement in Egypt. the Wafd Government by ex- "Experience has shown that King Farouk, Egypt's finances the best means of developing were chaotic.

commercial relations abroad is General Mohammed Naguib to send misslors which can and the band of young officers study on the spot the economic who for more than a year have situations in other countries and been the rulers of this country thus obtain the most complete lost no time in trying to get dossier possible on the needs cotton

exports moving again. and opportunities in the various They have succeeded in doing world markets." this mainly by a series of agree- The first of the new missions will RO to the neighbouring Arab countries, where opportuni- ties for ceonomie oo-operation, emigration and, tourisin will be studied.

It

country

ENTIRELY BEPARATE

was originally expected months

of that the terms of reference

which was ex- the committed, tablished nga direct result of

analysis

(From Our Correspondent the Eden-Butler talks with the Business done on the Stack

in include at least a large Exchange this morning amount- ed to $880,657.40. Noon quota- lons and the morning's trans- nation-

FARKE BUYERS SELLERS SALES HANKS

TIK Bank Zasi Asin INSURANCES

Canton Unten Underwrite 11H Fire SHIPPING

H

152

Aria_Nav. DOCKS, ETC.

Proak Providen Whet lock

LAND, ETC.

250

800

150

1.40 1.4712 [email protected]

11 12

4.6303 2000

FIK fotel .. 1.83

K dand

S'hai Land

..0010135

2000 *

UB. Administration last March,

of the projected of American foreign economic polloy at

Tergo

Indoed, it was hoped at one time that a malor vortion D

of this general analysis and of the consequent recommendations to the

bo ministration would

made within the framework act by the consideration of the Co- plan for sterling

convert

mmonwealth's

Bus In

Biter

ANOTHER

:

Next, a mission will go to tho Central Asiatic countries. Par-

event an entirely DULL DAY ticular attention will be paid to

separate Commission was sequently set up to conduct th

83

broad

πιστε

1430 8.70

642 at 01 1.40 10000 1.43 Humphrey.. 10 UTILITIES

Tram XD 2414 24.00 P. Tram (0) 4 P. Tram (N) 21.10 Star Ferry $19

1 XD C. LEEMI (0) 12.00 1280

without leaving the impreso describing the world wheat I has given any points i alatisbient position as hopeless,

At the same time, away.

to Wants

obtain the engece che now has to say that it looks ment of the G.A.T.T.

even worse than one supposed, about

Almost every wheat exporting its right to raise certain Tariffs, withou!

touching the pro- country has vastly more to sell, forenees, so that its

Will

Almost

wheat buying every

of be freed to conduct a

country has larger supplies marg effective domestic

need to its own, and agricultural

30 CES buy, the only known exception

hands

100 24.00

PrepALS

60514.70 200 12.00 1300 10.10 800 of 12.70 C. Light (N) RO

500 8.90 3000 u 6,00 Electric XD 26.50 28.90 3302 or 23,70 200 20.70 21.00 21.00 1000 g 21.70

18.00

STORES, ETC..

Dairy

Wetson

L. Crawford cOTTONS

Ewo

Cement

53.40

2000 21 500 FT BIS

it a much composition and its high-powered pressure s'aband group than Mr Douglas's

of non-political investigators. President Eisenhower cepereatly

decided

that since Congress

cgislate on tions of tho Commission, have Congress

The

to

IN

STOCKS

India as a great market Lor Egypt cotton and as a rapidly growing Industrial country.

will, Pakistan

北 is believed,

also offer many opportunities.

TO VISIT CHIINA

Other missions go to: East

Asla and

New York, Sapl. 0. The stock market struggled

Australia through

fourth straight where Japan and China offer under-a-million-share session

good markels, white' Indonesia today with price movement needs special study;

IS narrow as trading was slight. Solcs

txoredef

Yesterday's rapid industrial development four-yeur low-740,000 shares...

41

pents

The Balkana where there ix

is

co-

would eventually be asked

recommenda Economie Policy it was wiser to

heavily repre rented on the Commission itself but at 800,000 were just about and prospects are considered to

be good; right from the beginning. It is half the volume which brokerage now dominated by Congressmen

which Western Europe houses estimate they need to who comprisą ten

Important ital break even out of

partmarkel, as a total of seventeen members.

of source Industrial and utility stock cotton PROTECTIONIST GROUP's finished a few

technical higher, economie nr.d The report of the Douglasrails a few eente lower in the operation, as a possible market 22302215 1500 7 23.44 Committes, on which such high averages. Of the 1,040 issues for the export of Egyption hopes were placed initially, has appearing the tape, 379, fruit and vegetables, and as an In effect been reduced to

same area from which tourists can be picce inkhed higher and the of preliminary evidence for the number closed lower with 203 attracted to the Land of the

unchanged. consideration of the policy com-

Phoraohs; mission .whose

There was Investigations

outstanding Eastern Europe which the only now about to begin. feature-Real Silk Holery, up Egyptian authorities think could The repo:t

to a admittedly warmly

a new high of $24% following supply Egypt with the arms she recommended to the Commission

announcement that the Com-needs, as well as coal and other by President Eisenhower; but

pany will purchase shares at industrial requirements; since the President has, for the

The Mediterranean $25.

countries moment at any rate, chosen 15 In rails, Missouri Pacific pro- (including France, Italy and

ferred ran up 1%. adopt the position of impartint

Spain) where means of increas- Bethlehem rose % to $48%. Ing the already strong economle urbiter, leaving the main work

on US Steel held of formulating proposals

unchanged at

touristic and cultural Ues will policy to the Congressmen them- $35%.

be studied; sivo, Singapore, Sept. 9.

this does not ensure that Chemicals moved narrowly

CAPITAL NEEDED

United special except Hooker Electrical Cherni- was very quiet it will be given any

States throughout Prices closed as weight. One of the clearest cal up a point to $59. Utilities Canada which provide an follows:

2.5215 Textile Corp. 515

Yangtere (9), 4.00 0.05 Yangiste (N) '0.10

carly, this is a somewhat being Pakistan which is covered | MISCELLANEOUS

task to be left entirely by the U.S. gift of ene million

to officials. Moreover, Britain tons.

Is anxious to reassure the Con-

inental exporters of foodstuffs Pakista

Το

ritain, who

will be chiefly reasons

of

what happens,

is over-covered.

For

< physical supply,

and by the propoood agri- | psychology,

the anti- cultural tariff, that the new inflationary impact, the U.S. move does not presago a general gift has caused the dishoarding attack on the position that they of Pakistani-native wheat, with have won for themselves in the the result that, for the moment British market. Mr Thorney at least, the Pakistan authorl- croft will, in fact, be trying in the main to conduct a holding operation at Geneva-to secure few detailed changes in the structure, while British lari

werking to postpone actively the big tues which affect whole future of G.A.T.T. the whi

is desired The postponement

ties have too much wheat on their hands.

OLD STORY The gift has slightly relieved the U.S. Government's wheat storage headache, by giving the Pakistan authcritica major storage headache.

The Rubber

Markets

The market

0434-63 0516-653% unquoted No. 2 rubber per 1b. Sept. 1-3

dity-014 No. 4.

5814:50 when any government spot rubber umbaled"....

04-6419 Blanket repa

55-5G do No. 1 pale crepa United Press.

No. 1 rubber per lb.

Sept. Oct. Nov.

because of the uncertainty about hoarding is what always No. 3

TYLA550

LONDON MARKET

London, Sept. 9.

American trade polley. Nothing comes into command of useful can be settled by agree-anti-inflationary ment About Imperial pre- manoeuvre. ferences, or the other major

Every

ton of the U.S. wheat problems of the G.AT.T., until has brought more than a ton to the Americans ere in a position te bargain internationally about the Pakistan authorities

A million tons is not crushing | The rubber market was VCTY Bro not today in relations to Pakistan's normal steady, No. 1 RSS pob was trada. They Likewise, nothing would more likely to ruin the ultimates wheat crop, but it is a quater at 18 3/6 ponce per pound.

large or overwhelming amount Prices were: prosport of a more liberal U.S.

in proportion to the Pakistan No. 1 RSS spot

Seitlement Import polloy than an attack on

Government's normal

procure Business the principles of the G.A.T.T., or anything that looked like an attack. The Financial Tlujez

German Car

Factory For India?

Bonn, Spt, 2,

BE

ment facilities.

So although in statistics the million tons was

reckoned to underfll or barely to all Pakis tan's wheat deficit, in practice, for the present it overfills the deficit.

can

10-191

19-19

Pro

оле

The

1

and

ex-

lessons at American politics is moved very narrowly,

and New York Stock Excellent market for cotton The surely that unless the President

was at other products from Egypt; volume

Latin America where the is willing to give proposals for change: bond

and the American on. $281,000, radical changes in legislation,

countries coun

and Egypt Stock Exchange volume was various for- such as Mr Douglas pute

have a similarity of interests' 200,000 shares. ward, the full backing of

of his authority, they are almost in-

Dow Jones closing averages:and where it is considered that variably ignored by Congress. It Is true, of course, that they are often actively resisted by Con- gress even when, or sometimes simply because, the President backs them.

30 Industrial 20 Rails 18 Utilities

45 Stocks

45 Bonds

Comm. future prices Index

265.48 06.01

49.34

102.72

94.01

107.40 United Press.

there is keen Interest in the

posalbilly of future material irade developments,

That fact evidently played a large part in President Elsca- hower's decision about the ap- pointment of the policy com- mission. But even allowing for this need, it must be said that he seems to have included

of proportion. markably high vigorous American protection-

Chicago, Sept. 9. ists of the old school among Prices of grain futures closed the Commission's Congressional today as follows members. Is hardly possible

Grain Prices ciculture

#n

outcome

focl optimistic about

.Roid

tho

the

In Chicago

Wheat (No. 2, rod, per hyhet in

cente)

Spot

Sept.

Dec.

March 1934

May

The decision to send the nine fact-finding missions through- out the world comes at a time when Egypt, while not negleet- Ing her basic industry, which is all is investigating

other. possibilities for industrini developmenis.

The big estates are being broken up in pursuance of new regimo's desire to end feudalism in the country. A new Impulse has been given to the

mi email formers.

1

the

But side by side with this is desire to set up new heavy and light Industrial plants. To do this, foreign-brains; material 19200 and capital are needed.

108

10-3012 General market cif bazis

19-1914 RSS No. 1 ......** Estate crepe Sept, thick.. unguiated

thin.. 21-20%;

United Press. NEW YORK MARKET' New York, Sept. 9.

of the investigations of Rubber futures today went 15 points lower with sales of 20 group whose lendors are Mr contracts.

from the House of Repre- Dealers exchanging between December and March sentatives and Mr Millikin from featured the trade in futures,

Senate. Nor do the aix

of the Commission Gents)

Spot Congress chosen from outside

Dec. appear to constitute an effective. counter-weight to this protec-arch 1954 tlonist bloc. At the best three May

By-Prices per bushel In centu of them are clearly

11055 Sept. with Uberal

13635 Dats-(Prices per bushes in cents)

pound.

29.19 bid

23.14 $3.00.

90

-23,80 hom. -United Press.

Interdent

policies. It looks at the mo- ment as though they are likely to be no more than a Oghting minority.-The Financial Times.

A PORTENT! Pakistan needs and justify the gift on general and Inflationary grounds; with good management it might lossen up

whole economy. The US.

committed only Spot rubber No. 1 RSS quoted members

Di. 234 cents por 700,000 of the millio tons in

Futures

prices closed the first Instance. One may follows- are likely to doubt whether the other 300,000 The Germans

be sent unless the US. Dec. manufacture motor-curs, diesel engines and. agricultural noeds to get rid of it far more March 1954

July machinery In India to the ex- than Pakistan needs to have it May be a portent in sepi. may tent of 85 per cent of their

caused by components with Indian labour

tons, both inside and material.

Mercedes-Benz, noted German Pakistan and by releasing for manufacturing arm, my start the world market substantial quantities of Argentino ond 1984 in conjunction Australian wheat that would plant in with on. Indian

concern. otherwise have gone to Pokle Negotiations have been cun- ton-Router. tinued by the company with tho Government of India for some

decido time to

the terms of agreement but with no definito zesults.

The firm has plans to manu- cont of the

per

cor

The Un market was barely factura 85- stealy. Spot was down £1 capital goods required for pró- to £615, three months £14ducing cars in India. This to £000. Turnover was 40 sharply in contradistinction to fons, none for cash,

prices were as follows:-

33,40

"""

Spot in, buyers

$1,80

33.64

·Business

There

the

th 700 Placements

BRAZILIAN COTTON

Exchange Rates

Business was done in the local Unofficial

market thTE exchange morning at the following ratenia US dollar (per $1)

3.04 15.80

Sterling noter (per 1) Indonesian gutiders: (per 100) 20.70 23.00 Slam ticals (per 100)

Singapore (Brit) Indo-China, nisstrga (per 100)

178 85

Sao Paulo, Bent, 9.

Prices of cotten future died Closing other exist

existing foreign motor today or follows (Cruzeiros ger manufacturing alliances operat klio):

ing 50

#14

Three months fin, burors GO! 33.69 Ltd | Tires imonthe tin, weilern, GID 1535 Dili

Bettlement 39.44

MAY

Ollober

December

-Uruted. Pross,

“United Press,

Questioned on the proporvi | Starch 1984/

the Indian Embassy i Ky

JAPANESE BONDS

*$15.00 Japerteve „Borge

· 1919

"*"*(Tokyo ing (Tokyo DN.

deal. Bonn declined to comment, but "ilin the drilled States, "the" avonta - added that the matter was baltig i cieken kak-Jara miaqling button to directly dealt with in New designawed all markets|MANDE 85

coma, por, áb, Balem at themo centras Cons Delhi.France-Frösse. --

| Cotalled 34,904 10300),mekfested Prese,

Bombay Cotton Market

Bombay, Sept. 9,

Sentiment In the Cotton

change: "was adversely affected after carker leadiness. There were no buyers against heavy hammering by sheets to the

extent of 10,000 bales,

1955-33

1904

The trade missions will have

July

Com-No. 2. yellow, per bushel in all these fects in mind as they

Rept. pic.

1713%

18875-1

go north, south, east and west in search of openings to stimulate Egypt's trade 1514-reciprocal basis. China Mail 183-6-34

Special.

HoybeansPrices nebushel In

cenis)

Spot

Bept.

Nov.

Jan, 1954

March

200 nom.. 23032-43

FISTED 2011-33

~ Harley—(Price per bushel în tenti)

May

Spot

130-103

"Now York!!! flour. 200 lbs. Beck,

$13.50.-United Prees.

London Foreign

Exchange

Amsterdami

The session was, enlivened by New York Д rapid change in the spread Montreal London, Beg. between the two positions which Brussels

were quoted at the outset at a sto

of two rupees," but Zurich

Sawantto Zurns in the | Copenhagen ·

Paris

faveur at the bulia by 4, annas. Į kockholm' and again changed tá 1 rupen 8 Limbor

Deutsche Mark anhas, in favour of the bears— Dlooked Mark United Press

London, Sept. 9...

2.50 8/10-7.00 7/16** 2.76 13/164.16 14/10 10 5914-105015- 340.06-140.10

12.17-12.1114

on a

New York Sugar Market

Now York, Sept. 9. World sugar... futures closed today unchanged to one point higher.with sales of 212 con- tracts, Domestle No. € mugar closed unchanged to two points higher with safos of 10 contracts, Prices were as follows:-

Contenot No. 4, (world) October

**** 253 nominat January (1954) ..............358 nominaï March

*333 bla

KLAY

July Beptember

November Spot (cents per (Cuba).

Novamber

MAY

Contract No.

nominat

|Januáry · (1954).

March

July

September

Novershar

·Spot (conte per- ib.

nited: Pres