1955-06-21 — Page 8

TRADE and

¿ THE CHINA MAIL, TUESDAY, JUNE 21, 1955.

COMMERCE

SECTION

NEW YORK AMERICAN ECONOMY HONGKONG

STOCK

MARKET

New York, June 20. Stocks turned irregular today when rails again fail-| ed to follow through by the industrial rise..

Italls closed with a small while industriai average loss

managed to hold a small part of their carly gains-sufficient to set another new all-time high for the

Utilities, group.

two. managed a small average rise.

While the business news buck- ground continued to favour market advance, commentators noted, a divertive could, set in any time, especially if continue to lag.

في

rails

Losses in the rails generally amounted to fractions and Kansas City stood out with a gain of more than a point,

were

2

BEST PERFORMANCE Oils and chernieals turned in ¦ the best performance among in- dustrial groups although thopp Numerous individual gainers of point or more rcattered throughout the list.

Among pils, Atlantic Redning. Gulf, Shell Standard of Cali fornia

ard Ohio Oil rose around point.

shares meved, SILLY

in narrow fractional range.

Production Of Services And Goods At

All-Time Record Rate

By JOHN MORKA

New York, June 20.

The US economy is winding up the first half of 1955 with production of goods and services at all-time record rate, probably close to $375,000,000,000 per year.

The prospects for further improvement are good, Government economists say, though probably not at the steady pace of the past nine months..

The latest record to foll in nominal. 1955 boom

probably is industrial

pro- (duction. The Federal Reserve

Board

over-all reports The of factories, and mines output alast month

greater an ever before, surpassing even the boom peak of mid-1953,

Mator stocks were narrow,

Turnover totalled 2,490,000 shares compared with Friday's 2,340,000,

009.

change

was

Last week what might have been a serious setback to the Or 1234 issues traded, 531 economy was averted with the signing of a labour pact involve closed higher. 462 lower.

Stock Ex-ing General Motors. Previously The New York change bund volume was $4.002, the Ford Motor Co. signed

sirailar pact, incorporating also of a guaranteed the principle 1,100,000 annual wage,

The approaching steet talks to bring on some expected

Som sort of wage boost for 444 23 600,000 steelworkers so that 160,70 except for some Isolated cases of labour unrest. pruspects at this time are that the next six months will witness few work stoppages.

Ex-

are

closing averages

The American Stork

volume" was

shares.

Daw-dones

30 industrial

20 rau

A stocks

were

15 bles

40 binds

Comm, future price index .......

CLOSING PRICES

Aldea Ine. As

Allied Chemieskr

11

American Airline.

64,77 1122.40 135.72

STEP FORWARD

with the Auto agreements

Annual GAW (Guaranteed Wage provisions was hailed as

་

Allied Mills Ine,

36

All Citanners

73

American Cynanade Ca

ง

American MÜLAL

American Smeltun

American Tel & To

33 the GAW will most

Live

American Tob. "

Anaconda Copper

Armes Steel

Armour

Baldwin-Lima:Ham

Baltimore & Ohio

Bendix Aviation Corp.

Bethlehem Steel

Benguet Cogn.

Boring Airplane

Borden (The) Co.

Burrougha

Canadian Pactile R.

Cuse (1) Co...... C.-L. 7. Financial Corp. Chase Nat. & Man: Chrysler Motors

Colgate Palmolive Co.

Commercial Credil Commonwealth Elec.

Consolidated Edison Continental On of Del.

Crane Co....

Crown Zelierbach

Cuban Ainer. Sugar

Curtis Wright

Diamond Alkali

Dupont de Nemours

Eastman Kodak

El Paso National Gar

General Electric

General Foods

General Motors

Gillette Safety Razor Glidden, Co. Goodrich (B.F.) Co. Coodyear Tire Heyden Chemical Homstake Mining Co Inland Steel Co. Interchenien) Corp.

Jat Business Machines

Int Harvester

International Nickel International Paper Int Fel. & Tal

John-Manville Co.

Kansas C. Power & Light

Kennecott Copper,

Liggett Meyers Tob. Co.

Lockheed Aircraft

Loews_incamp,

g

13

for

certainly

591 become matter for routine

11 bargaining in future labou

15

Ju

497

53%

1

1412

164

40%

79%

49%%

531

MY

Manufacturers

glassware, will goods.

now

NOT A DIME

sewing

GM Production

Down

Detroit, June 20. General Motors Corpora tion reported production of

and 50,000 cars

lorries lost during the past week ewar to labour strikes. This was additional to the 20,000 unlis in the preceding week as a result of scattered work holdups.

By late afternoon Friday only two factories were still in strike Intensive

efforts were being made to settle these Mall disputes. China. Special,

STOCK EXCHANGE

(From Our Correspondent)

Business done on the Hong- kong Stock Exchange this morn- ing amounted

to $1,085,235.20. Noon quotations and the mara- Ing's transactions: SILARES BUYERS SELLERS SALEN

BANKS

TC Bank

Lombard!

SHIPPING