1955-06-08 — Page 9

די

I

ד'

!!

TOHEROA

FACING

EXTINCTION

Auckland, June 7.

The shellfish toherna, which, as soup, is New Zea land's best-known contribu- tion to the world's table delicacies, is facing extinc- tion, mainly as a result of careless, digging and poach- ing.

New Zealand gourmets and, epleures may search their shops

today in vain for a tin of tho

delicious soup. But Australians

are more fortunate, for most of the 1,000 cases" produced each year by New Zealand's sale re- maining toheron sold to Australla.

connery

sre.

I New Zealanders want the shellfish badly enough they are at liberty to visit the west coast beaches and dig their own. But under strict Government regula- tions aimed

preserving the beds, they can take only 20 toheroas per person or 50 per vehicle.

at

TURNED DOWN

Enquiries from the United States, Europe and Jamaica for tinned cheroas have had to be turned down. The depressing fact is that the supply of the

THE CHINA MAIL, WEDNESDAY, JUNE 8, 1955,

TRADE and COMMERCE

SECTION

Page

Senator Urges Action Against Protest Against

NEW YORK STOCK MARKET

New York, June 7. Prices on-the Stock Ex- change continued their ups ward course, moving indus- trial shares, to further new all-time peaks. Trading was į the most active in more thanj two months.

The market opened strong and active with all departments taking part In the upsurge . Late profitaking, however, pared gaire.

Railroad shareS at one time during the day reached their best levels since Oct. 28, 1929. However, they did not finish at that level because of realising.

Gains at the close in the in- to more dustrial group ranged than a point with a few issues

America's Allies

STOP SHIPS GOING TO

MAINLAND CHINA

By Herbert Foster

ΤΟ

Washington, June 7.

Senator John L. McClellan has called on the State Department to "take some forceful action with our allies" to stop voyages by their merchant ships to China.

Sen. McClellan is Chairman of the Senate Invstiga- tion Sub-Committee which is keeping an eye on trade with the Chinese. He said ships flying flags of non-Communist nations made 160 trips in and out of Red China

ports in January.

shellfish is not sufficient to sup- showing much in the fractional World Cotton

port a large canning industry,

The richest source of tcheroas batore World War II was the Ninety-mile Beach, in the far north of the North Island. Then in the early 1940's something happened there and the shellfish

disappeared.

|

Zone,

The

Markets

The Ford labour settlement again helped the market. Wall Street experts expect that other auto producers would follow Ford.

experts

also arc

New York, June 7. betting that the steel industry will acttle its wage negotiations cotton futures today featured Quiet and mixed dealings in peacefully. Negotiations in that

renewed easiness in new crop. basic industry got underway 10-

October while nearby months adday in Pittsburgh.

held steady.

Various theories were vanced for this phenomenon. Some people blamed the war- and oil from the ship Turakina, sunk by a German, raider in the Tasman Sea. Others blamed the New Zealand Army for running its heavy vehicles up and down the beach.

The Maoris declare philosophi- cally that cheroas have always gone." Fisheries

ย

TRANSACTIONS

Transaction today 3.230.000 shares, the since March 30, compared with 2,560,000 shares yesterday.

Sen. McClellan, said a "sub- stantial number" of the ships munist ports in Europe. were carrying goods from Con-

10

SECOND-HAND SHIP SALES

Landen, June 7. There was a new marked increase last week in the British second-hand ships market. smong the sairs registered was that of the 10,900-ton steamer Arundo of the Liberty Chas built In 1953 at Richmond, California

This vessel was sold by Huds and Veder of Rotterdam to Greek ship. owners

London for 865,000 dollars. — France- Presse,

HONGKONG STOCK EXCHANGE

INSURANCES

Union

... 1680 1603 218

Lombard

Underwriters

the

15 0

14940

51

0.10 0.30

DOCKS. XTC.

K. Wharf...

78

and

Hardboard Duties

Washington, June 7.

The Swedish, Finnish and Canadian Embassies protested to State Department against the Senate action in voting to about double the duties on imported hardboard.

The Finnish Ambassador, Mr John A. Nykpp, accompanied by

Embassy Counsellor Mr Jorma LONDON STOCK

Vanmo, Swedish Embasy Coun selor Mr Erik Von Sydow and Counsellor Canadian Embassy

Mr R. G. C. Smith, all visited the Deputy Assistant Secretary of State for Economic Affairs. Mr Thorsten V. Kalijarvi, on this subject.

MARKET

London, June 1. Despite An avalanche of adverse

developments the stock market EX.

Dipinnalle officials said they London

told Mr Kalijarvi that the Senate perienced one of its best days in action was a direct infringement weeks,

of

the General Agreement on Tarifs and Trace and "coming

Leading stocks ran.up sharp- shortly after approval by Con-y as a wave of buying plunged gress of the Reciprocal Tarif into the market. The buying Act would create serious con- puzzled veteran market analysts, cern not only in their countries The experts were at a loss to but in many others as well. explain

PROMISE

the

by

the

optimism investors in the face paralysing strikes, some weak- They understood Mr Kalijärvi | ness

in sterling and an un- fully admitted the seriousness of favourable short-term report on the Senate action and promised Eritain's that the Department would use its good offices" with Congres- sional leaders to see what could

done. The

Senate passed by voice vote and virtually without bate

amendment ap

to the reciprocal trade programme that in effect permits doubled tariff's en imported hardboard made from wood.

outlook European Economic Committee, stocks soared, some up as much. Disregarding all this...steel

as 53. Rolls-Royce and Ford were strong in the motors. de-Textile and store stocks ran up

more than one shilling each.

The action, which the State Department reportedly opposes, would reclassify hardboard from "wood a "paper product" to a United Press. product"

575 New York Foreign

British-fag ships are making | Gdynia to Chinwangtao, arriv a "tremendous contribution" to ing on January 27. trade with Red China, he adds

(From Our Correspondent) ed.

3. In a voyage Of the 160 ships touching

not included Communist

the in the January figures, Chinese ports in

Business done on the Hong-be sailed January,

af British Swedish ship Surmabris 84 <were

kong Stock Exchange this picked up cargo registry, amounting to $3 per trom Gdynia.

morning amounted to $874,520.90. Constanza Noon on March 20 cent of the gross tonnage.

Rumania

quotations and proceeded

and said morning's transactions: Whampoa. Sen. McClellan this ship was chartered to the

SHARES BUYERS SELLERS SALES Far East Enterprising Co. Ltd. of Hongkong. the same firm BANKS

HK Bank which chartered the Aruba..

East Asto **It is difficult,” Sen. Mc- Clellan said, "to understand the Besides the 34 British ships, The October delivery closed actions of the British in allow-Sen. McClellan listed this re- trading 23 points lower while other ing their companies and ships to gistry of other vessels totalled positions ruled unchanged to 2 carry on this type of commerce with China: The Netherland 12. market with Communist China, and the Sweden 11, Japan 17, Finland he points higher. most

other allies

In 10. France 8, Norway 8. Den- opened up 5 to off 10 peints.action of our

to

mark 5, Italy 3, India 2 carry New Orleans closed up to oft allowing their vessels

materials to the mainland of West Germany 11.-- United 20 points.

' than „be China

50 Press. while 10 Operations continued

in Com of professional origin mostly

traders more in-munist gaols, and while there is (considerable evidence that the terested, in

ending a clearer

view of the materials carried are being used overment cutton policy

China's for to build up

military potentials. next year. 72 cents to_161,67.

Routine

and domestic mill when issued, Sperry Rand

other trade buying acted to stock led the market in turnover

New York, June 7. bolster with 80,200

nearby months, abterb

World No. shares changing

4 sugar futures hands. It closed with a gain oing a reduced volume of hedging

closed 3 points lower to 2 points to $27% US Steel finished and liquidation.

1. The Finnish ́ ́dry New October (1956) remain-

higher with sales of 56 contracks. | vessel Arneta, sister ship of the ed under pressure as sellers dis-

tanker Aruba which recently Domestic No. 6 sugar futures cussed the pasibility of lowered

failed to reach China with aclosed 1 pokat higher to 1 point Government price supports and

sailed from lower with salts of 678 contracts. liberalisation of production cargo of jet fuel,

Gdynia, Poland to Whampoa, controls next year.

China, and Dairen, Manchuria

As measured by the averages, industria! shares closed with a gain of 3.06 to 434.55, a new all-time high. Rails added 42 "comme and

Ulities eased cents to 161,42. experts are inclined to agree,

to 64.39: The gen- two cents pointing to the fact that the to-eral market average improved heroas also left the beach in 1870, 1917 and 1932.

*

TO BE CLOSED

The Tohtran, Advisory Com- mitte has now unanimously recommended to the Government Marine Department that the to- heroa beds ka closed to digging forthwith to prevent further de- pletion and to protect the young shellfish. It claims that during holidays, cars using the beaches leave them looking like ploughed fields. For every shellish taker, it says, 20 young ones are des- troyed by the diggers' neglect to cover them over after taking the Larger ones.

Heavy poaching is also play- ing a part in the gradual exter- mination of the toheroa.

in the second "spot on 74,800 shares.

of

with outside the stock market

New October sagged 75 cents a bale, going to a 32-point dis-

Arco Steel registered one the best gains in the industrials. It rose 11⁄2 points to $82. National Steel was up 1% points to $68% and Bethlehem Steel at $137 was up 15% points.

Motors showed a mixed pai-count under July before the de

eline levelled of.

Subsequent tern at the close.

buying was attracted on techni

reasons with statisticians

YESTERDAY'S PRICES

Alden Inc. Acy.

$23

313

35

15

2734

Allied Chemicals

Allied Mill Inc.

Allis Chalmers

American Airline

American Cyanamide Co.

58

In

American Metal

34

American Smelting

American Tel

Tel

American Tab. "B"

Anucunda Copper

spite of heavy dnes inficted by the courts, the poachers remain active.

New Zealand's toheroa can hery exists because the beds it exploits

Government under licence at Kalpara

are, treated correctly.

The New Zealand Government has now called for a real effort by everyone to guard the beds and prevent the final extermina. tion of the country's national delicacy, China Mall Special.

JAPAN'S

ACCESSION

TO GATT

The

Washington, June 7.

Armes Steel

Artbour

Baldwin-Lima-zam. Baltimore & Ohio

Benguet Cons

Borden (The) Co. Burroughs

ск

pointing out the new delivery had dropped 80 points $4 a bale since the contract first traded completion of planting, replant- ing, and promoting cultivation.

chopping and checking of

ir-

49% sects in the main colton during 383xd. the past week.

Trading volumes and open in- terests in the Exchange today

13 were: 1712 Month Volume

Oper Interest

512,600 487,500

NEW YORK

47 July

Bendix Aviation Corp.

51%

Oct

20,700 14,000

Dec

115.600

562,500

Bethlehem Steel

13711⁄2 Mar.

6,500

231.400

Boeing Airplane

64

May.

4.000

238,800

63

July

6.230

148,700

301%

Oct

7,900

24,700

Canadian, Pacific R.

345%

Total

80,200 2,204,100 bales

Case (J. 1.) Co.

1132

C. I. . Financial Corp.

314

Stxd.

Chrysler Motors

774

as follows.

Colgate-Palmolive Co.

Spat

Consolidated Edison

July

Continental Steel

Oci.

Dec.

Mar.

May

July

Chase Nat. & Man.

Chile Copper

Corn Products

Crown Zellerbach Cuban Amer. Sugar Curtis Wright Diamond Alkali

Dupont de Nemours

Eastman Kodak General Electric

General Foods

General Motors

Gillette Safety Razor Glidden Co.... Goodyear Tire Heyden Chemical Homestake Mining Co. In11 Business Machines International Harvester International Nickel

mere

remain Americans

EXAMPLES

In a statement, he gave these, examples:

cargo

2. The British - registered sailed from Laurentian Hil

New York Sugar Market

World futures ruled bacely steady with nearby July under moderate liquidating pressurė,

Trade switching operations featured an active trade in the domestic contract. Futures:

World Rubber Contract No. 4 (World)

Markets

Singapore, June 7.

The rubber market opened Arm and erratic on better over- seas advices and settlement of the Ford strike in the United States. Future closings.

Dockl Provident (0)

25 25-40

$5.30

13.70 400 13.70

375 6 13.60 2500 13.60

Wheelock ... 737.ac 9900 LAND. ETC.

HK Hotel... 18.60 18.30 600 4000 TO 1300 HK Land... 6915 Humphreys

2.80

18.70 18.40

80%

RTS 6.10 Realty.

UTILITIES

Tran

2.30

....... 21.80.23.20 300 @ 23 Star Ferry... 14T

Y matt Ferry

119 120

C. Light (01.30 22.40 100 201

Exchange

New York, June 7.

Canada England-oficial

30-day futures DO-day futures

Australia New Zealand South Africa Belgium

India

550 110

500 120

2000 20.40

1000 2015

2500 20.40

18 26.20 C. Light (N) Electric 39 40 803 to 20% Macao Elec. 10.00 11.10 Telephone... 3 39, 100 sp nhất INDUSTRIALS

Cement Rope

29.70 23.50 803 @ 20.80 2. 1542

STORES, ETC.

Dairy

Watson

21.40 21.30 1200 21

2416

160 27.40

* Crawford

COTTONS

Textile Corp 5.30 Nanyang

7.85 7.70

0.48 3.55 2300 & 6.50

4.84

MISCELLANEOUS

Favourable

Thai Trade

July

3.34-35

Sept.

March May

3.34

Yanglaze

3.30

Allied

3.29

2.29

iily

Sept.

3.38

Spot-cents per lb. tob

Cuba)

3.30

Contract No. 6

July

Aug.

Sept.

Nov.

March

May

5.40

Spot-(cents per lb. elf

NY ex-duty)

5.55

9912-894

86-87

103-104

NEW YORK

No. 1 rubber per lb. June 26-091%

July 97%-97% Aug. vngisted No. 2 rubber per lb. June 9611⁄2-361⁄2 | No.

30-01 No. 4 Spot rubber vabaled Blanke crêpe

Prices of futures closed today No. 1 pale crepe

34.65% 33.82-83**

34.02

24.93

34.01

NEW ORLEANS

Prices of futures closed

as follows:

""

Futures today closed 25 to 47 pciats higher with sales of 311 contracts.

Strength at London and Singapore, plus satisfaction over

-Exited Press,

Singapore

Stock Market

Singapore, June 8.

Balance

$1,01-11/13 2,79-7/16 2.73% 2.79-1/16

Heavy buying of oils sent British Petroleum up more than 5 shillings to a new peak of 1053. Royal Dutch jumped £%

to

£54. Rio Tinto featurze

mining shares with a gain of £14. It finished at a new peak of £62.

British Government bands met demand, too, and ran up as much as 7s. or more, Foreign bonds were neglected.-United Press

J

Exchange Rates

Bualness was done in the local unofficial ex tuange market morning at the "following rates:---

2.23-9/18 2.7812

U.S. dollar (per $1)

#5.80

Sterling notes (per 21)

a

15.F

2.75-13/13 Indonesian rupiah (per 100)

12.80

0120 2008

·Elem Vents (per 100)

6.60

Singapore (Straits)

18

Indo-China plastres (per 100)

8:0

-United Fress

EVERETT

EVERETT

LINES

ORIENT LINETM

Service

Fast Regular Fraight Refrigerator Passenger

Loading for Singapore, Penang, Rangoon, Calcutta and Chittagong.

"NOREVERETT"

"BRADEVERKTT"

*LENEVERETT**

"KEBEVERETT"

A

Arr. June

20 -July 15 July 28 Aug. 20

---- Aug.

Sails. June 25 -- July 16 July 27 21

Loading for Kode, Osaka, Nagoya, Yokohama.

"BRADEVERETT

"LENEVERETT"

*REBEVERETT“

"4

Bangkck; June 7. Thailand has 1 favourable trade balance, for first quarter 1955 it was announced here to- day.

Imports were two million dol- lars less and exports three mil- lion more than during the cor- responding period of 1954.

settlement of the Ford-Union Brokers today.quoted the fol-ete were on the increase to In-

today labour negotiations brought a

of continuation

speculative lowing stock prices: buying and short covering, although realising by some

Spo!

July

33.75 33.79-80

Dec.

34.02

Mar

34.13

May

$4.02

July

23.20

Oct

32.71

International Tel. & Tel.

Kansas C. Power & Light

Kennecott Copper

Lockheed Aircraft

Minnesota Ming

SAO PAULO Future closings, in crizeiros per kilo were as follows

July

4132

Oct

30.20 32.50

Des.

33.25

Mar.

34.90

May

33.65

Loews incorp.

Assistant Secretary of International Paper Slate for Econornic Affairs, Mr Samurel C.

under Waugh, authorisation of President Eisen- hower, will sign at Geneva on Wednesday a protocol contein- ing the terms of accession of Japan to GATT (General Agree- ment on Tariffs and Trade) and embodying the results of tarif negotiations between, Japan and the contracting countries to

Monsanto Chemical Co. National Cash Box. National D National Lead ****** National Steel Comp. New York Central Olin. Mazleapst

Elevators Pactße Ca & Elec

General Agreement, including Paciic Western Ou

the United States, the State Department announced.

Tarif negotiations looking to- ward Japanese acression began at Genova on February 21 in 1958.

The agreement to the acces

sian of a new country" to

the

General Agreement is by the

Pan American Airways Paramount Pictures

Parke Davis Co. Pean, Salt Co. Penn J. C. co.

Philips Petroleum

Procter & Gamble Ca. Pitburgh Plate Class Radia Corporation Reo Motorw

Republic Steel

Sinclair Oil

Socony Vaccam Standard Brands Brandard Oil of Cal

"amirinalive"""""vate-of ̄ ̄ ̄ ̄ ̄2 to 3) Sundard" Oil" of indu

majority of the 34 contracting standard of of

parties.

"Japan has been participating

in the General Agreement on a provisional basis since November 1963

Detailed information on the results of the, negotiatione con-

Stockley-Van Camp. Studebaker Packard" Corp Swift & Co.

TX Co

Union Carbide Union Paciic Railway

united AlrozRÉT

'U:8′′"GypeEZITE":

U.S. Rubber

0.8. Emelting

U.B. Suel...........

| Warner, Bine.

ducted at Geneva will be made Westinghouse Flectric public within a few days West Va. Pulp & Paper France-Presse,

Woolworth

In the United States, the average price of 15/16 middling

of

Co. Ltd, British Borneo Petroleum?

Syndicate Consolidated Tin Smelters

Ord.

the earlier buyers cut down the Balu Lintang Rubber margin of gain at the close,

Between-dealer switching also feature terminal market activity, Exchanges Included

at 100 March-July'

points; at 90 points and March-Sept Sept/July 17 points,

Fraser & Neave Ltd. Ord...

Exports of rice, fish, egg, fruit,

donesia, Japan, Hongkong and Singapore,

hides raw June & shipped to Japan, Hongkong Opening and Britalo.

$1.50

were

Tin and wolfram have 30/84 sent to the United States, Japan

and Europe.-France-Presse.

Fraser & Neave Ltd. 71%

com. pret Hongkong & Shangha! Bank-

ing Corp.

Hon koss The 10

$1.75

$5.56

$2.5 7/30

$1.65

Kompas Lid. vode,

as Rubber Estates Lu." Malayan Brewerica New Serandah Rubber Co. Petaling Tin Ltd.

Lid..

The spot market ruled quiet and factories were slow to follow the recent price rise. Although dealers did little buy- ing. The recent Spot No 1 Has Rames Hotel

at 3334 quoted

cents, Singapore Cold Storge

South British Insurance

| Co, Ltd, ka 35.65-75 Straits Trading

Straits Steamahin United Engineers Ord.

were

at ten designated spot markets was 33.81 cents. Sales at these nominal, Futures: centres totalled 4,861 bales.

July

The Liverpood cotton prices Sept.

Рес were not avallable. United Mar.

Press,

London Woöltop Market

London June 7. Wooltop futures market had a quiet day with. few price altera- tions. Turnover was 42 lots. Prices:

Sept

May

July

LONDON

33.40

F303

22,50

Wearne Bros,

$2.00

cum. div.

31.70

Special.

$4.07

8255

$1.75

$20.00

1236.50

$13.75

$11.00

$3.70

MASI

Arr. June 19 Sadla June 19.

June 30 --Jizly 25 19

- 29 24 July

- Aug. Aug. 18 LIMITED PASSENGER ACCOMMODATION.

"NOREVERETT"

AB the above subject to alteration without notice.

EVERETT

STAR LINE®

0

FAST REGULAR FREIGHT REFRIGERATOR SERVIĆE Loading for Singapore, Port sweitenham, Madras, Colombo, Bembny, Karachi Persian Gulf Pert.

Arr. June 14 'Salls June 15

-Juty -- Jubs

"STAR ALCYONE" -LAU"

"STAR BETELGEUSE” “STAR ARCTURUS“ *THAI

Loading for Kobe, Osaka, Naguys, Yokohama.

10

AUR. 8

***, Aug,

Aug. 22

-- Aug. 23

Sept 1

-- Sept. 19

been

Arr. June 17

#STAR BETILGFUSE” "STAR ARCTURUS“

- July 10

-- July 2

"STAR ALCYONE"

Salle June 18 July 11 July 27 **Aug 14

Sept+

1

Chicago Grain

Market

Chicago, June 1 Reports of poor wheat yields In Oklahoma brought buying into a spurt on the Board of Trade today.

Part of the demand for futures

also sprang from producer offer- ings of surplus grains as a result of recent price declines,

The market was Arm. Prices London Foreign overnight.

closed today in pence per lb. as follows;

No. 1 Ria pot ***** 'Safflemes: house larm:

July Aur Sep

Oct/Dec. Jun/Mar.

July/Sept.

1184-1182

118-119

118-11812

11742-116

137 118

Juno

July

Aug.

114-1185

1hip

nited Press.

Exchange

30%-30%

New Yor

Montreal

2014-291

General markela; cit, heals, portati

· Estate, crepe, thịck, July

2916-23% | Para

Stockholm

2014-2015

United Press. →→ PrESS,

of

Exporters reported sales fair amounts of US corn and soyabeans to foreign countries Further buying of soyabeans futures here was stimulated by news that Japan turned down an offer of 50,000 tons of Manchurian soyabeans.

London, June 7,

The Chicago office of the 279-7/16-271 Commodity Credit Corporation 274-15/16-2.75.

announced today it has reduced 19.214-10.417: 140.00-$40-42 by 3 cents a bushel the price at 184015-40% which will sell wheat to b 80.30-50.60%!

porters at Atlantic ports.

979-8773915

14.45%-ASAT

11734-11.739

Others were, unchanged, United

Wheat closed up to 1

"LAU"

-- Aug. 13

Aug. 31 LIMITED PASSENGER ACCOMMODATION.

All the above subject to alteration without notice.

EVERETT STEAMSHIP CORPORATION S/A {Incorporated in the Republic" of PanAHIA with Limited Libility) Chinese Department: Telephone 28293. Queen'sTM Building, Telephone 31206.

MESSAGERIES MARITIMES

| PO. Box 53 :: Queen's Building v Tel: 20661/ FAST. PASSENGER/FREIGHT SERVICE

AOS" VIETNAM”

cents; soyabeans ale up to "BIE HAKEIM”. one cent; soyabeans new up 3 MEKONG”.

to 14 centsUnited Press.

sailing June 19tir sailing July 17th

FAST FREIGHT SERVICE

Bailing June 26th sailing July 9th