1954-11-11 — Page 9

FIRST SHIP TO BE UNLOADED

THE CHINA MAIL, THURSDAY, NOVEMBER 11, 1954,

TRADE and COMMERCE SECTION

A scene in the Royal Albert Dock in London on Nov. 1. as a cargo of wool was unleaded from one of the ships held up for nearly a month by the duck strike. The dockers had Junt resumed work, and the ship was the first on whleks unloading operations were skirted.--Central

Pre 'oto

WILL N.S.W. END

'PIG SWILLING'

ON SATURDAY?

By Rick Stevens

Sydney, Nov. 10.

Drinkers and non-drinkers will go to the polls in New South Wales on Saturday to vote by referendum for or against later hotel closing hours.

Their choice is between retention of the present 6 p.m closing, or extension of drinking hours to 10 p.m.

Royal Commission

of a

The referendum arises from recommendations which investigated the hotel and liquor trade in this state.

The Rol Comeamer. Me! M 10 Justec Maxwell, sehr after the ¦ Phese days

Stand

overseas drink-i

Heh

14

Euipe to sind, fig tits saad in his repsel | Ratuatewel Fanpean amma ante, Į nocnamly be biting on the that there were "evils asstaated acotarivomed A cluste surely State (even inmat

which drinking.

with 6 rlock should not be tolerated civilased eunmamuly

Colombo plan laying base World Soybean

for healthier

markets

Flesherton, Ontario, Nov. 10.

The Colombo Plan for the development of Southeast Asia is laying the base for healthier markets and making Canadian products "beiter known and more widely accepted," Minister Walter Harris said.

Malaya Palm Oil] Output Up

1956 and 13,092 Finance

He told a meeting of the Grey County Federation of Agriculture that Canada would not make use of the plan to dump surplus farm products.

Outlining Canadian contributions to the Common. wealth-inspired self-help programme, Mr Harris said Canada would "continue to meet special demands for Canadian agricultural products within the Colambo Plan" as they arose.

World Cotton

Markets

10

New York. Not The cotton market mener f t up 2 panas

AIRT APPADANDR pont range

1 -

the list closed ve lower to eight punts New Orlean led t 4 punts

volumes ang

pen us the Exchange today

But he núclerk that it "I Important that we should not Introduce policies which. 1{ applied internationally,

would harmful to our long-term conomic Interesta'

ASSURANCE

He outlined the U.S. plan to make surplus farm pro- ducts available within the framework of the Colombo Plan and cited the U.S. Government's assurance that producta would not bo allowed to upset normai markets.

Canada's contribution [01 various internationa) relief pro- Krammes

special United Nations funds will provide opportunity to dispose of sur- Volume Thien modest plus commodities, he said.

The Colombo Plan's

political am. Mr Harris said, is to halt the spread of Cominunism.

huglier

[2 to

Trading

Wie

MBR いやい

72,000

11:

102,40

*0,000

NO

172 19

12 doe

3435

20,300

JOEL, BO

EX

10,700

Deu

12500

Wai

4,200

Tetai

لوب على

102.00

17 100

quarter.

Washington, Nov. 10. Malayan palm oll and kernel production was up some 14 per cent this year. the Agriculture

Depart ment reported today.

Irodaction was reported at 15,800 short team during the second quarter of the int Exports

during the first six months were 7.302

tora

compared to 6,679 over the correspond- Jok period in 1953.

Shipments WETE heavler to Canada, India and Le Netherlands, They were Hghter to Western Ger- many and Britain.-United Press,

HONGKONG

STOCK EXCHANGE

Production Will

Reach New Peak

New York, Nov. 10.

World production of soybeans is expected to total 735 million bushela in 1954, according to a preliminary estimate by the Foreign Agricultural Service.

In its current "Foreign Crops and Markets," the Department of Agriculture agency said the expected 1954 crop would represent a 14 per cent increase from the 1953 revised estimate of 645 million bushels, for a new all-time high.

Over three-fourth uf the anticipated 00- million bushel | increase is accounted for by the United States and an estimated one-fth by China-Manchuria.

the

Soybean production {11 United States is Indfleated at a record 331 million bushels, increase of one-fourth from the 1953 crop and 11 per cent larger than the previous record of 200 million bushels harvested in 1050.

The record production is targely due to the 21 per cent E

NEW YORK STOCK MARKET

New York, Nov. 10.

Increase In acreage harvested Stocks forged ahend to for beans, the Department sold { new quarter century highs (From Our Correspondent) Soybean

12 China today with outpal in

broad rise Manchurin inny reach 350 marked by early irregular- B

done un the long-million bushels as compared ity and late profit-taking. kung Stock Exchange this mom with an estimated 332 million in IDR amounted to $503.000.40.1053. Acreage was expected to Proik-taking just before the Noon quotations and the morn- be up slightly and the yield per close pared prices from their Ting's transactions:

| SHARES SUYERA SELLERS

BANKS

Labart

sere may be somewhat than last year

SALES

14X Dunk

1630

10

1033 14 3840

an

Eart A-1 INSUHANCES

200

Union Xb

na

10 1105

411

voCKS, ETC.

Underwriters

10

от 21

25.40

1000 20

100 ur 23,20

"But there are also ceonamie commercial benefits from

and

2002 774 000 holes the Plan," Mr Harris added.

NEW YORK

.'' dorking hit their box

tok.ng away paperbag

daveerpts by

Pukas of tabure as tollow

savnigrant:

turt

A volte $

19 pm

will not

1

Mar

will be

Tony

Drinkers gewraly are clan • matically, Ling name than

verdict that avained altinking condit, nts

11 will eligible to merely be an expression of pubile muti više, which e uld influence | feeling, anal tegidalam will be the issue, and

needed to give a effect. Th is explored t flow most aŭko

Tow... [I th.

Jus

Dro

WAN

He described un déplorable" the p

as the POR H daily afterwork rich to drank na much beer as possible tratore 6 velock is evadenly called.

Most Australians finish work about 5 p

Then, Daler- and burl.

hatted buTNESSIBUTE

Offend

labourers auk ja in rating | pargn

and shoving 1)

LIVERPOOL

Hafton clusing.

and Co-day

$$ 7317**

34 02-03

34 30-32

446-4

445

.14 12 342!

American rep rowers see | middling. 15/16 inch, it pence

were a follows a royal

Nor do quor Later elever njune mod tamagnsers d drinking tank - 21:42 They ergard it rather a an essential ng step

!! זיינן

Dec/Jun

Mar/Apr

Mnite

31 63

31.59

31.79-26

leading the

July Au

Ji 73

-

Det /No

.. Th CAK

Other

Me Authen will: legis.. dura d

adsetimevetidatkat made well include Aich

31 49

Cartel values include

Spot

column

1224 J.

ALWA

h Mexican andinor aznd Evoran Gura 30, good/fe 125 /

gin! Ashimotina good/fully/gressi Others were unchanged

239

39.29

3640

overcrowded United Livmed bat nya ince against the cry Assoctutions, olthugh "Tune, gentlemen pleas

man mger hours to publaams Boutigas and winter garden to de and migher overhead costs, ine

At the presnú systems est 1..quer Jam

formers clam Phading wages for staff, but perpendiculu

Thinking, that this type of "guzeling" leads artes

vxoreted bun ka Tiger betone of drinking hours with 15 cestou ants beyond the parent dendings of # pink, grant-

by nere, not less, tramiennes

Me Justier Maxwell's idea is! that condilians here should be nudelled in gens al upon those in England, which, he said, are "conducive to saner and viconer drinking."

Mult

ww

Mr I Plaster freutend of me of umre club Neenres, and New South Wales brunch of the, redaction in the aeubsdie cotetil United Electrol Victualles ist ber, which is at present a Associatsun, has said W teel manimum of 73 per cent.

that only an ease an nous! will allow bodels to give the pubise servires and aditions! He al clanned that clockt |? par with eyes and closing encouraged "sly Dog and leisurely drink ne i spi et, en-1 after hours Taquor trading at genial surroundings binckmarket prices."

Keeping a promise that the res port would not be pigeonholed.

want

Lo, L, + vul Mr

1- 13.

Anettean zeuddling 15/18th, met

Lih

NEW ORLEANS

Paces of futures closed today

BIND EAST, WEST

"Part of the purpose of the Plau a to bind the East paul Went. together economi- cally,

"Insofar as the Plan helps to Improved living

the

madistain standards armongst the hundreds of millions of people, i

will mmprove their productive

and buying power and will help our products find

markets abroad. Insofar as it provides stability und oftacka the problems of acute poverty. It prevents re- currence of

- United wars."

Press.

New York Sugar

Market

New York, Nov. 10,

Workl No. 4 sugar futures

closed today unchanged to 1

K Whart Dock

1741 de 29 20 Provident (0) 14.00 15.20 1000 m 24.50

Wheelock

LAND, ETC.

HK Hole!

KK Lond

S'hat Land

Humphreys Realty

UTILITIES

Trom

230 ve 15 1000 25.10 1.00 1.00 4000 4 7.00 1000 7.85

13.40 13.00 3500 13.30 ... 591 100 233 24 BAS

700 100 1000

21.30 21.30

2.10 2 12'>

1.40

16.10 10.30 1930 #1 10 29

Star Ferry 134 135 100 135

+ Yourmat! Terry

105

C. Light (0) 18.30 1841⁄2 2305 18 40 C. Light (0)13.20 35.40

Electile Telephone INDUSTRIALS

Cement

291y

Rope STORES, ETC.

Ontry

3412

17 16.00

2010 20.20 000 20.10 2500 2620 17.70 18 500 d 17.70 1000 € 2450

500 12 34

Watson....

L. Crawford 2430 COTTONS

Nanyang 10:30 1011⁄2 8000 # 10

High

Price For

potat higher with suley of 12 Seat On 'Change

contracts.

Domesite No. 8 sugar futures

tracts.

In the raw market,

understood that offein

as follows

elesed

lower

unchanged with snic

to 2 points of 38 con-

Spl

3300

Den

Ma

34.33

May

34441-50

traders sources

Juty

31.44-40

OM

31.04

have been

De

39.50

work Work

out some

endeavouring to procedure to

Mar

34 230

Lovers

-United Pres.

Clubs with iquor The breweries men to be and wine saloons will be linked sitting on the fener, and there is with hotels in the referendum. speculation whether they really but Mr Cubill has given want later closing. bevute of la assurances that bona Ade widely et Lavy Would sell, membe; a of clubs which now i serve liquor altne 0 p.m. and on Sundays will not be affected.

hare ben

Leading the toets against 10 the New South Wales Labour o'clock el 4 as the New Suth Premive, Mr Joseph Cahill, is Wales Temperance Allurgy, putting it to the voters of the whose teetotaler sceretury,

Mr state to deelde whether they Fadderick Edmunds, says:

"We dustice! cannot hope to match the liquor Maxwell's idea of "uner rink- trade in money, but results of ing."

the 1947 referendum show that we can outfight Voting in the referendum will direct appeal to the people,"

them with be compulsory, with #

fine for fullure to stu ᎨᏓ . About 2,003,878 people will be eligible. ing the

1k

Under a Suurene Court ruling hores in 1947, bonu Ade club members ore classified as "inmates" in the same way as hotel guests and are thus entitled to be served with liquor outside hours laid down by the Liquor Act, although club bars officially "close" at & p.m.

Protestant churches are back- New South Wales has had 6

Temperance Alliance o'clock closing for 38 years. Be It will be the second liquor re-

but the Catholic Church | fure that it was 1 o'clock. Three ferendum in New South Wales in faken no stand,

States-Queensland,

Western

less than 10 years.

The inst.

10 p.m. ur

Australian Tarmania

:nth

had 10

World Rubber

Markets

Singapore, Nov. 10. all day un

The rubber market was steady and Australian acceptances and speculative buying political tension. Future closings:

No. 1 rubber per lb,

Nov. 03-9/10-13-11/10 Dec. 02-10-63-0/10 Jan. unquoted No. 4 rubber per lb.

Nov. 3-8314 No. 3 rubber per lb,

Nov. BIT-82~ Aus- No. 4 rubber per ib.

Nov. o'clock Spot rubber unhaled 3-

Blanket.erepe ...... No. 1 pale crepe ...

ALAMSTERDAM

The Federated fred in 1947. gave a choice of Allied Trades Employees' Union, closing for same years,

Liquor and tralin-have 0 p.m., 9 p.m. closing.

covering barmes, barmaids and

other employees of leensed In the other stales it is also hotais, also opposed to later0 o'clock. A recent unofficial

A Sydney newspaper sum closing. Its secretary, Mr F. E. survey showed that New South

un

JAPAN'S CROP

better highs.

Japan's crop is expected

to exceed last year's by about 1,000,000

for

Estimates

bushrin 1054 *how Japanese production at 17,088,000, as against 1953 output of 16,004,000 bushels.

Indonesia is expected to

ex-

For the third day to a row furgover topped the 3,000,000- share mark, totalling 3,070,000 shares.

close

when

Realising appeared_near the Chrysler Corp. falling 24 points,

Rond down 21 to 1134,

in

U. S. Gypsum Corp., bid up | sharply In

wocks recent anticipation of a stock split, fell 73% to $215 when directors de-

geed her 1853 tov uf 10,839,000 clarod a $4 extr

a $4 extra dividend. bushels with a 1034 production | Strong spots were more of 11,200,000 bushela. Harvests muneroLKI

than the declines, in Formosa and Thailand will however. Texas Gulf Sulphur about equal the 1053 levels soared 5 points to $120 on an United Press.

increased dividend and three- | for-one stocks split proposal.

Liquor stocks were strong on their outlook for Increased business.

Pakistan To Import U.S.

Some of the best gains were lu rolls,

O shares had gains ranging to 34 points in Houston Oui,

Farm Products in Texas Gulf producing.

Karcchi, Nov. 10. Pakistan will import $75,000.- 000 (nearly £27,000,000) worth of United States murphus agri- TBW cultural goods, industrial

goods materials and consumer in the next seven months, Mr

M. A. H. Ispoliant, Minister for Industry and Commerce, nounced here today,

nn-

Steel Armed.

Out of 1,230 issues traded, 650 wire higher, 363 lower and 203 unchanged.

The New York Stock Ex- change bord volume $5,440,000

The American Stock Exchange volume was 840,000 sharte,

United Pre,

NEW YORK STOCK PRICES) The imports will be part of

New York, Nov. 10, the $1,500,000 Inbout £540,- Alden ine..... Amerkan Airpinne 000) ol United States C550- Commonwealth Credit

to Commonwealth Else.

Crane Co. Piltaburch plate glass Stockley-Van-Camp

mic add Paklaton

already

allotted

New York, Nov. 10.

At the same time the Minister A seat

Thre New York amounced a 12 and n-half per Stock Exchange was sold today een cut in the price of in- for $75,000 the highest price digenous mill made cloth and realised since 1948.

disclosed that the Government Yesterday

were conshioring further steps $74,000.

to lower the cost of lying,--:

a sat was sold at

substitute sugars, available in At the end of 1953 a member-Reuter.

other ports in Puerto Rico, for ship was worth only $40,000, sugars now strike-bound in the port of San Juan.

Futuro closings: Contract No. 4 (world)

Jun.

MAT.

May

July

Sept.

Spot-(centa per ib. fob

Cuba)

3.27

Contract No. 6

March

6.44

May

4.50

July

Sept. NM.

0.00

5.04

4.69

5.75-

Spot-(cents per ib eif

NY ex-duty

united' Prew.

NEW YORK WOOL

TOP MARKET

New York, Nov. 10.. Wool tops closed today 25 to 30-points' lower, Prices in centr |per" ib. were:

now

Sellers

are asking for $80,000 for a membership.

The present high price of Stock Exchange membership re- flects the current prosperity in Wall Street resulting from active conditions, which have pushed prices to the best lovela sinca October 1829.-Reuter.

P.I. Tobacco

Imports

Washington, Nov. 10.

New York Foreign Philipps

Exchange

New York, Nov. 10, $1.23-3/16

#7036 AND 2.71

Canada England-offcial

H

Australia

Metaf 30-day futures

·90-day futures

New Zealand

Bouth Africa Insetho

Minnesota Mining

Other

Chase National Bank

stock priera received,-United Fresa.

Chicago Grain

Prices

Chicago, Nov. 10. Prices per bushel in cents:

Cloming prices

Wheat, No. 2, red

Spot

Dec. 220(IT)

Ju

(1)

The Agriculture Department's Mes weekly report on foreign, crops | Geot and markets today reported on Corn, No. 2, yellow

President Ramon Spot Magyany's authorisation for Dou the importation of 7,500,000 May pounds of American cigarette July tobacco during the first three Bept. Rje months of 1050,-United P:095,

Dec.

Mar.

Mer.

Osta

LONDON TIN

Dec

Mar

2.70

180-4/10

MARKET

Boybeans, No. 2, yellow

Spol.

Nov.

2101

Canadian dollar tabe:

buyers sellers

Spot: clone

high

100-0/04-183×11/64 The Lin

London, Nov. 10. market was ensler. May

Jan

MAT..

Sept.

178.5

174.5. nom.

171.5b

1730# Future: 20 173.0m

Low

90-day

£70.0

171.5

107.0

165.9

704-77! 9115-0210

Dec.

Jan.

The market was firm. Prices Mar

in guilders

per

May

CIF December 118 Oct.

July

187.06

Dec.

160.0

Mor.

137 buyers Spot

up the verdict next day with O'Connor declared recently: "We Wales had the highest ratio of closed today this cryptic stres poster:

are wholeheartedly still G o'clock!"

against 10 drunkenness and Tasmania the kilogram, v'alock closing because our lowest.-China Mall Special. follows: The val wan!: # p.m., members would have to work 1,030,200; 0 p.m... 20,000: 10 p.m. tonger hours. There is no pro-

634,883; non-valid 15,181.

vision in our award for penalty robes for hotel unployees work-

Of a score of theories put foe-ing attor 0,30 p.m.

ward for refoction & lator clos- ing then, one of the most widely accepted was that with liquor in short supply- wartime hong- over--and hotels only able to

the day, it was polniless to ex« tend the hotirs.

OIL.

WHALE FOR SUGAR

Washington, Nov. 10.

No. t rubber No. 3 rubber No. 3 rubber No. 1 crepe

LONDON

236 bayern. Volume:

buyers

2.05 buyers

The 'rubber market was Arm with spot Rai No. 1 quoted at 20tk pence per lb. Priçes: **

No. 1 B. spot ... (2014-2015-

"Settlement, hours - termi

December

Jan/Mar,

wil

Apr/June July/Bop

trade for restricted periods during President of the 40,000 strong Tirso Japanese Baheries were Now South Wales Housewives" | reported today to have closed Association, Mrs H. Jemon, mys} a. Kansaction which that, the majority of that œ“ jwend' whale'oll to the Nether- nisation's members are against lands in exchange for sugar. later closing "because would be afraid to go out at aid the deal woud · Involve Women Agriculture Department night if hotels closed at 10 p.m."

ON TUPPY CERATAT

Since then the outlook has changed in sovoml ways which could sway the vote this time

Liquor production is back to

7,800 tona: of while olly valled normini, nilhough breweries · sby "Soma":"webtionà ớt the¦olnamna no 188 W? short toni and 174,000 that they are i producing to and elbowteloos industry new liten tong of signe" (The super sale in capacity to meet, incroused, daw unotheisily, ogilnet 110 koʻcdek | subject to Government - up-

cinning; - Thay fase that it would proval, le mid, "Uniwa Praak

100,06

100.0%

177.0 nom.

154.50

$40,000 10. -United Press.

LONDON WOOL "TOP MARKET

.....

London, Nov, 10.

Wool tops futures market had

103-8/64 1.03-11/ Spot fell 4 to £710 and three-July 183-9/04 1.03-11/84 month was

down 1 paint to Barley, 103-5/84, 1.03-0784

131-100!

New York Blour 200 Ib.

anck

$14.90% -United Press.

1.03-50/84 1.03-01/04 £713. Turnover wan 70 tons, Spot 8-month 102-43/04 1,02-40/01 of which none avos for cnn.

--United Press,

Closing prices in sterling ner long ton were;

buyers

London: Foreign bot

Exchange

New York Montreal. Stockholm West Marks Zurich

Others were

a day of fairly active trading. | Press

The close was stoody. Turnover wal heavy at 181 lots. - Closing

London, Nov.

· Relian

| 3-month = buyers

713

7131 71344-715 United Press.

LONDON LEAD

AND ZINC

London, Nov. 10. The lead market, was firmer,

Exchange Rates while copper and sind were

- Business was done! in the locki | ater!!

stcotty:* Prices (closed; Sočky In

· per long tot na follows:

spot 223, buyers 20315 volture:

WINNIPEG GRAIN'

PRICES

Winnipeg. Nov, 10.

Prices of grain futures closed today in Canadian cents per bushel as follows:

Dale

Dec.

Juke Rye