1955-06-23 — Page 9

PUSH AND SHOVE PARKING

Buenos Aires. June 22.

A Buenos Aires car

owner, an holiday in Europe with his own car which he had shipped from Argen- tina, found a space along the kerb of a Dutch Street just big enough_for his large Chrysler. He edged in, pushed the car behind him a little, carefully brought in his front wheels

and finally pushed the ear in front of him a little.'

As he alighted, M woman emerging from a nearby shop, addressed him in Spanish:

"Excuse me," she said, "I cannot see your number plates.

but am that you Akrest The

THE CHINA MAIL, THURSDAY, JUNE 23, 1955.

TRADE and

COMMERCE

SECTION

Page

French Exports To Vietnam More Swedish Goods

Enter US

HONGKONG Drop Two-Thirds NEW YORK By Pacific Coast

STOCK EXCHANGE

(From Our Correspondent)

I right in presiming098.50.

from:

Buenos

are

car owner, himself a Dutchman who has lived. Buenos Aires for 30 years, turn- ed in amazement and answered, also in correct Spanish;

"YOU ARE RIGHT“

"Yes, you are right in guess- from Sucnos Aires.

ing I am

But tell me, how on earth did you lerjow it. you did not see

number plates?"

my, Well"

"only, a

was

the smiling reply.

Buenos Aires ever

would park that way. My hus- band and I lived

in Buenos

Aires for many years and we can recognise

Bueras Aires driver a mile oft!" -

a

There are tramle rules in this modern South American capital, with its wide tree-lined "avenues and spacious parkways, but the most accepted rule is: "The first man there wins."

the streets of

are

No cars, on Buenos Aires, except the new

arrivals. est

without scratches and dents. In fact, bodywork damage is so common that Buenos Aires repair men have become past masters the art of ironing out doors and smoothing out dented bumpers. They can take a

which looks beyond repair and bring it back in few days. in 13

Car

Business done in the Hong- kong Stock Exchange this morning amounted to $1.950,- Ncon quotations and the merming's transactions:

SHARES BUYERS SELLERS SALES BANKS

HK Bank .. 1603

204 1700 bus: Asia

INSURANCES

Unin

Lumbard

AMN

કા,

SHIPPING

Waterbat

10.00

DOCKS, ETC,

K. Whart

7B

Duck....

B

Provident (13.40 13.60 S'hai Dock

Wheelock..

LAND, ETC.

BK NOW! HR ard

Humphrey

..kts Really UTILITIES

Tran

500 & 13%

1020 2 820 8.23 20,500 kr.

11.500.0

1711.20 300 17.10

70-4100-40

2200 L

14007312

150 6.30

2.12

23.20

6.20 2.10 2.15 49.000 23.10 23.30 1500 Star Ferry ..14 150 Yammat Ferry 110 120 1050 119 500 120

C. ht (0) 20.40 20.70 3000 « 20121⁄2 C. Light (N) 16.20 16.30 1537 18.25 Electric

401 401; 3848 u. 40% Naezo Elec 10.80 11 Telephone -331⁄2 3344 200 € 331 INDUSTRIALS

Cement

5003324

800 M. 30% 2000 @30%

in

Rope STORES, ETC.

Dairy Wu13.371

30% 30%

13.60 ......11.20 211; 2975 & 21.40

24.20

1000 v 21 700 4-31

original.. factory condition, streamlined and shining.

No cars survives long here without an occasional visit to the

Crawford 301

1..

COTTONS

Texte Corp. MISCELLANEOUS.

A!1sed

.....4.8715

500 4.5$ 10094.8771!

"plastle surgeon. Indeed, is New York Sugar

probably safe to say that there are more shops specialising

in

Bodywork repairs than in

engine repairs.

venture on

of

Another lucrative line business is that of the bumper manufacturer. for To vehicle dare ve

the streets of Buenos Aires for long with its 1TS original flimsy European or American

bumpers Giant iron- reinforced jobs are inevitably added before Jona in sur- 3811- defence, and the Buenos Aires bumper maker has become skill- ed in turning out "protective armour" to dolend the smallest baby car to the largest truck. with devices weighing between a few pounds to half a ton of iron.

LONG APPEAL

and

So bad, has the traffic parking problem become that the Argentine Touring Club re- cently issued a long appeal to the authorities to do something it. It stressed that al- about though

traffic or- there is

(about one' and half feet) between each ear. they are jammed bumper to kerbs of Fede-

dinance calling for a space of

halt a metre

опе

bumper, along the

Buenos Aires,

so that

"strians have difficulty in getting across the streets, while motor- isis. themselves have a diMcult time extricating their cars from the parking jams.

Parking and un-parking" is reduced to the fine art of push- and shoving the cars behind and in front until the space is big en

enough for you to get in

ing

or out.

The Touring Club cites, the who was docton

at a pallent's

case of

4

urgently needed

house,

but who could not get

this car out of the parking line

for two hourS,

because they

were packed so tightly and the cars immediately in front and

him had their

their

behind

brakes

and on

hand- doors

po-

provided

locited.

The Chub suggests that licemen

should be with skeleton keys to open car doors in such cases, and thus be able to release handbrakes-or to break the windows should they be unable to open the

doors.

ANOTHER PROBLEM Another problem cited by the Club is that of the driver who parks his car correctly but later inds it 20 yards further down in a "no-parking" the street area because he has been

to

A

push-

Market

NOT ENTIRELY

DUE TO

LOSS

OF TERRITORY

Salgon, June 22. In less than à year after the Indo-China armistice agreement France's exports to Vietnam had been chopped to less than a third of what they

were.

Up to the armistice France exported some 100,000,000,000 francs (US$286,800,000) worth of goods to Vietnam. This year she will probably export only thirty billion francs (US$86 million).

from competition The reasons behind trade drap increased

although countries the foreign are not entirely due to

corsumers in North French tax reductions for ex- DE kes Vietnam now under Commun- ports remain small. And thirdly and the security of persons fet control.

(particularly stored First of all the French Ex-goods peditionary Corps. one of the merchandise) has made traders

for French cautious. biggest consumers goods is being rapidly repatri- ated. Secondly there has been

World Rubber

Markets

Singapore, June 23. The

was rubber market nervous with a mixture of short covering. Future closings were: No. 1 rubber per b. July 107-108 AUR. 108-10814 Sept, unquoted No. 2 rubber per 1h. July 103-204

9832-99 No. 3

06-BUL No. 4 New York, Jure 22.

rubber unbaled 10-100% World No. 4 sugar

futures Spot

Blanket crop closed unchanged to 5 points No.

113-114 pale crepe higher with sales of 253 con-

NEW YORK tracts.

Futures today closed 10 to 25" points higher with sales of 102 contracts.

Domestic No. 6 sugar futures closed 1 point lower to 2 points higher with sales of tarea con-

tracts

92-93

деліст

World futures were firm on

More than half of the trading short covering and replacement was

in represented trade buying. Technicians switching of Dtc.-Sept, contract thought that if the world rawat 70 points, spot price remains under 3.25 cents a pound, fob, for 15 con-

The outside market appeared secutive days, the Sugar Coun-to be developing activity after cil will be obliged to reduce the futures market closed, with export quotas under the inter-dealers and factories showing national pack

mere interest. Reported sales Dealers reported Japan

included Sept, cae sheets at 35 bought three cargots of Cubans casts; July thes at 354 cents: 341 sheets at at 3,20 to 3.21 coals a pouna, August three fob,

showed interest incents and "September threes at

cents possible two additional "cargoes. 34%

pound.. Spot sales placed the Domestic futures were dull estimates reflecting

situation between 500 and 600 tcns. Spol the raw Futures:

No. 1 Rss, were quoted at 35% cents, nominal, Futures:

JULY

and

Contract No. 4 (world)'

July 3.1 September

December March May July

September October Murch May July September Spot (cents per b..fob Cuba) 3.20

Contract No. 6

August September November March May Spot

(rents ex-duty)

Der lb. cif ŸŸ

Singapore

2

LONDON

35,75

35.50

34.75

34.00

$260

"

MOST SERIOUS

Most seriously affected are products for the masses such

as automobiles, tools, etc. These will be seriously affected by Japanese, and Indian com- petition. This competition will such not affect luxury goods

brandy,

and as champagne, other alcohols and perfume to the same extent,

At present, however, French enterprises constitute the only structure for distributing con sumer goods inside Vietnam. very Chinese enterprises are specialised (in rice tea, etc.) and Vietnamese enterprises are limited to such fields as trans- port and light construction which allow a quick and large return on money invested. This or long-term leaves moderate operations at a normal profit up to the French,

to furnish

is

American cre-

Franc Shortage

In Vietnam

Saigon, June 12. The Vietnamese Govern ment has rent a frots, to the French Commissioner- General in Indo-Chins poining out that si present Vietnam is suffering from a shortage of Franes which considerably hindering Bhanelal commercial and business with France.

The note states that after having sacrificed the Frane reserves of the National to "allow Vietnamese Bank French firms to continue their transfers the Vietnamese Government has been obliged to reduce transfer authorisations.

Commenting on this note Vietnamese press states that Franc shortage to will compel Vietnam very seriously restrict her Imports from "France. France-PreSSE,

the

World Cotton

Markets

New York, June 22.

loday spent Collen traders mast

of their time adjusting nearby July contracts before first notice day on Friday.

Uncertainty over the probable number of tenders, if any, kept the trade on the anxious seat, with previous sellers mostly cri the defensive,

Closing on a reaction the list trished net 7 points higher to 12 points lower."Opening prices were up 5 to off 1 point. New Orleans closed up 5 to off 8 points.

On

STOCK

MARKET

New York, June 22. Rail storks: after sessions of lagging indecision, took over market leadership with a bang today, moving to a new average high since October 26, 1920.

Gains among the carriers sparked by a favourable cuticok for the industry-ranged to more than 2 points and lifted the average 2.74 to 163,26.

Industrials, which had set new all-time highs in each of the past Ave sessions, did it again today although late proft-taking pared the gain to only 0.57 pint of average, utilities were pulled Cown a bit by ex-dividends,

INCREASED VOLUME

The rise brought out increased and for the first time volume since June 8 turnover crossed the

mark, 3,000,000-share totalling 3,010,000 compared with 2,720,000,

Stockholm, June 21. Imports of Swedish products via US Pacific Coast ports have shown a slow but steady rise in recent years, except for pulp and paper, for which the figures have varied considerably, as is shown by a report prepared by the San Francisco branch of the Swedish Chamber of Commerce of the USA.

1951 was a peak year for imports of pulp and paper, whereas a low mark was registered in 1954, shipments being 58 per cent smaller in value than in 1953.

For the grOUP "ether pro- ducts"

a continuous upward movement is recorded.

There was a pronounced in- crease during 1954 in articles

as

LONDON STOCK

MARKET

machine tools, rock-drilling, equipment, affice machines. lumber, wood products and

London, June 22. household and hospital utensils. Stocks surged forward,

The increase in "other

then receded a bit in one of duck

Was 8

per

cent in 1954,

the most active trading consid which the Chamber

sessions in the long history to be a gratifying result of the efforts to introduce * greater of the London stock ex-

commodi- variety of Swedish

change. ties into the Pacific Coast area,

Orders poured into the market where

previously pulp

and and jammed recording tickers, - the

undis- paper had held

Brokers formed long lines to puted lead,

buy or sell as instructed. NOT TRUE PICTURE

Although prices finished on

It is also reported that the

the upside, there was a good figures do not give a true pic deal of selling absorbed during

the session. Most issues fin Swedish products in this area, ished below their highs for the

West

us goods sold on the Coost enter through other Imperial

Among the rails. Santa Fe, Illinois Central, Nickel Plate, Southern Railway and Unionture of the total sales o! Pacile rose 2 points or more:

General Motors ran up more than a

K paint -its new. expansion pro- $500,000,000 gramme and Du Pont, a big holder, also gained GM stock more than a point,

Chemicals also were strong. Oils were fim. Celotex moved up nearly 2 on

dividend increase.

CLOSING PRICES“

Alden Inc. Aty Ailled Chemicals Allied Bus Inc., Allis Chalmers ... American Airline, American Cyanamide Co.

Am. Mach. & dry American Metal

American Smeling Am. Sugar Ref.... American Tel & Tel American Tob. "B" Araconda Copper

Beuchem. Steel Borden (The) Co. Boeing Airplane, Burroughs Add Machine Canadian Pacific R

Case Financial Corp.

Cat. Tractor

a Celanese Corp.

Chrysler Motors

Commercial Credit Commonwealth Esc. Consolidated Ed.com Continental Oll of Del.

Chase Manhal Bank Colgate-Palmolive Co.

at the

Continental Sterl

Corn Products Crane Co.... Cuban Amer. Sugar Curly Wright

RAISING STANDARD

İnterest in later deliveries Armour American economic aid

was restrained by the July Baldwin-Lima-Hany.

Baltimore & Oli aimed at raising the standard situatice and a decision to await Bendix Aviation Corp. of living in Vietriam but this

developments Washington can be done. only through the

the farm legislation and the export present system of distribution which is French. When French subsidy question, enterprises slow down or halt Nearby July went above 34.30 their activities

re-established dnde midday, and Vietnamese economy winds dits are no longer used and the cents a pound, a new high since down. The Vietnames Govern- slight premium over the October ment knows this and is trying delivery. A week ago July was

French enterprises at a 13-point discount. with dollars to buy (in France Ope July centrzets

com-start of trading today totalled or cisewhere) at truly

While the "cer *317,500 bales petitive prices--Unital Press,

87,394 totalled nificated slock bales, Market experts supposed a good part of the short interes in July was held by Liverpool straddlers and short hedges by spot houses and other trade ac- counts.

Foreign Operation Adminis- General Foods tration announced a cotton pur-General Motors chase grant for 30,400,000 bales Gen Pub, Util.

Gillette Safety Razor to

The contracting Glidden Ca France, period will be June 24. to Dcc. Goodrich (B. F.) Co.

with delivery

to Goodyear Tire to run to Homstake Mining Co. 31 March 31, 1956.

Ingersoll-Rand estimated cotton Intercheniical Corp. Statisticians

the past intl Business Machines purchase grants over

International Nickel several days approximated 80,- Int'l Harvester 000,000, but because many of intermsomal Paper

authorisations Int Tel & Tel previous the have not been utilised, the John-Manville Co. Kennecott Copper price-shaping Liggett Meyers Tob., Co

Lockheed Abreraft Loews Ідеогр.

Chicago Grain Market

Chicago, June 22. Wheat futures made frm ad- vances in the Board of Trade today, backed up by strength at The market was uncertain the Kansas City market.

The action in what brought buying

other grains, But soybeans failed to survive profit- taking.

No. 1 Rss spot were quoted at 32% pence per Jb. Prices:

Settlcanent house term:

5.38 Aug,

5.39 Sept.

Oct/Dec.

652 Jan./Mar.

Apr/June

Stock Market

Singapore, June 23. Brokers today

quoted the following stock piec

Batu Lintang Rubber

Co. Ltd. Briush Borneo Petroleum

Syndicate

................. Consolidated Tin Smelters

Ord. Fraser & Neave

Ltd Ord Fraser & Neave

323-3214

la

Wheat closed off 1 to up cent; soybeans (new) of 4 to

31-31% 297-30 200-2324 112.

General markets, cit basis ports: July

Aug. Sept.

Eatate crepe thick. July

dabo

AMSTERDAM

Prices per bushel in cents:

Closing prices

June 22

The market was quiet. Prices in guilders per closed today

Spot AS CIF, July kilograme, follows: June 23 Opening No. 1 rubber

No. 2 rubber No. 3 rubber

news lacked a impact.

NEW YORK

Daw Chemicals Dupont de Nemours Eastman Kodak... El Paso National Gas Eric Railroad Family Finance Corp. General Electric

Louisville & Nashville R. Lowenstein & Sons,

Prices of futures closed today Mesabi Iron Corp.

December

March

MAY

3025-3022 unquoted

Wheat No. Z red Spot

July 1980) 18775(L) ..

Sopt,

Dec.

Mar.

May

2031 1279- 1903-4 2014 1981-199 13%

as follows:

Spot

Corn, No. 2, yellow

Jisty

October

July

149% 1477-143

Sept.

141-

Dec.

2341-

July

1.03 mom.

3.02 com.

Mar.

1373

October

2,50 no,

Bye

December

335 non.

July

-United PreR.

Sept:

1024 205-

Oats

July

€514

Sep!,

65!

as follows:

Soy beans, No. 2, yellow

Spot July

Spat

Sept.

Nov.

Jan.

Mar

2321-74 2014 233-230

Barley,

--135-1527

spot

200 lb. rek

$14.50m

-United Press,

London Foreign Exchange

$1.52

No.. crepe

Ltd: 1-15% cum, pref

36 d

W/

31.70

$0.55

Hongkong & Suanghai

Banking Corp..... Hongkong Tin Lia.

Kempas Lid.........

is Bd. $1.00

Malayan Breweries...

$3.40

Buenos its

New Serandah Rubber

Mestresi

· Co. Lid.

$1.45

| AmsterdamL

Petaling Tin Ltd.

$420

Brussels

streets.

Raffles Hotel

112415

Singapore Cold Storage

$1.70

Osic

South British.

Parts

Insurance Ca. Zia,

Straits Trading

£23.10

West Mark

to

Straits Steamship

$14.50

Zurich

of

United Engintera Ord.

$10.00

Weirne Bron.

$2.72 China Mail Special.

ed there by latecomers, anxious

a small space, squeeze into a

phenomenon Aires is the number of

in "no

of

parked in

Municipality The special

crane-trucks away cars which thus offend but even this has filed break drivers of the habit illegal parking. Some drivers prefer to pay the fine ogan and again to have the convenience of parking fearby.

parking

operate some which haul

Lack of adequate lighting, vehicles stopped on highways at night without any ernergency lights, and other

tantringements

are becoming increasingly com mon and the cause of

Imany

accidents. Club is sppeal-

The Touring

Lunas Rubber Estates Ltd. 82.10 ed New York

$28.00

Stockholm

London. June 22,

2.7012-2.786

2.71-2.74.1/10

10,8377-10.834% 139223-139.875% 80.10-80.20 20404-20.01 978-9167 14.3036-14235% 11.70-11.704

122112-122115

Others were unchanged. United Presa.

NEW YORK METAL New York Foreign

FUTURES

New York, June 22. **Prices of metal futures closed: today in cents per lb. as follows: Lead, June

Tin, June July

ولات

ing not for a new set of rules, Zino, June

but for “mióres," rigid abolention

of those already

China, Mail Special

$4.500

Exchange

New York Bour

245160

LONDON METAL PRICES

London, June 22, The' in market was steady

with spot down flerling ind

three-month sterling lower

NEW ORLEANS

35.00:1

34.31

34.18

3113

Miznesota Mining

Mission Development Monsanto, Chemical Co. Montgomery Ward

3420-21 Motorola Ine.

National Cash Reg. "A"

31318-19 National Dairy Prod.

National Ditiders 33,62

33.00b

32.05

National Lead ...: New York Centeni Otis Elevator

Owen-Illinois Clás 'Pacile Gan & Zico. Pacific - Western Of

Prices of futures closed today Pan American Airways

October December March May

October December

Paramount Pictures

Chemical and Imp Customs districts as well.

were Courtaulds, for instance, However, the direct, Pacific

up around 2s each at one time Coast impors represent an! Both finished around annually increasing percentage changed. Gains among the blue of the total, amounting 8.1

to

chips generally ranged per cent of the total US im 3d to Is Associated ports of Swedish goods in 1954. held a gain of is 90 and closed as against 4.2 per cent in 1950 at a new high of 90s. Rolls-

from

Electric

Royce was strong. It rose s

Exchange Rates to a new peak of 1189.

Heavy oils, British

hit the

Busincas was done in the local 6d. AMTOTO Ver tell 35

unocial exchange.

market this

morning at the following rates:=::

g" 2s 64, and Shell 15 3d. Royal Dutch 5.7 countered with a gain of £1/4. British Government bonds

bit.

24

113

214

74%

U.S. "dollar per $1)

23

Sterling nates iper £1)

Indonesian rupiah (per 100)

Slam Hicals (per 1001 Singapore (Straits) ... Indo-China plastres (per 100)

13.38 12.00 24.80

Foreign

EVERETT

1

easier.

were 12 bands moved irregularly.---United 7.50 Press.

LINES

EVERETT ORIENT LINE

Fast Regular Freight Refrigerator Passenger

Servica

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

"NOREVERETT

-BRADEVERETT"

"LENEVERETT”

"REBEVERETT""

Arr. July

-July

1 18

Sails July ivana Šuky

1

-- July 31

Autg

I'

30

Aug. 29 -- Aug.

Loading for Kabe, buz, Nagoya, Yokakama.

“LENEVERÉTT-

"KEBLVERETT"

"NOREVERETT""

"BŘADEVERETT“

Arr. July J Sails July

· Aug

Aug 2

*** Aug

Aug.

Sept. 8 -- Sept. LIMITED PASSENGER ACCOMMODATION.

All the above sübject to alteration without noties.

EVERETT

STAR

LINE

FAST REGULAE FREIGHT REFRIGERATOR SERVICK Loading for singapore, Port weltenham, Madras, Colombo, Bombay, Karachi & Perdan Gülf Pors,

July 18 Arr.

So July -- Aug. 13

Aug. 14 -- Aug. 29 - Sept.

Sept. 30

"STAR BETELGEUSE" "STAR ARCTURUS“

THAI”

"STAR ALCYONE"

Aug. 21

Sept 1B

-- Sept. 28 Loading for Kobe, Osaka, Nagoya, Yekobama.

15 Arr. July

I Aug, Aug. 28

19

17

"STAR BETELGEUSE"

Salls July

"STAR ARCTURUS”

Ang.

16

2

*THAI"

Aug. 21

"STAR ALCYONE". "LA O "

******* Sept 1

-- Oct.

-Sept.

IIMITED PASSENGER ACCOMMODATION.

All the above subject to alteration without notice.

S/S "YOUNG SHIN”

24th June

Salis 20th

34.10

Pesny J. C. Co.

34.24

PHARD Morr

Art.

14.30

Philips Petroleum

34.24

Procter & Gamble Co.

34.29

Presburgh PITU GHEN

Pimticker Industries

3359

33.01

Pure Genie Radio Corporations

32.Jib

LIVERPOOL

Future

Reo MotorS

Republic Steel Reynoldy Metni Shet Oil Co. Saint E, Paper

closings, American Selar Di

middling, iri perce per lh, were Soedy Veuum

as follows:

July Am

Oct/Nov

Dec/Jan.

Mar/Apr.

May/June

Sora Porto Rico. Sugar

31.84. Southern National Che

20.79 Southern Hallway (Com.)

30,40

Standard Brands

20 Standard Of of Ca

30,11

SAO PAULO

Futures closings, in, cruzatu

July

Lead was quiet while zine and per kilo were as follows: copper. were idle, Prices sterling per long ton closed De today is follows;

$1.61-21/22 Tin, spot

New York, June Z

2.7H

so-day Zutures 90-day future 20:2.7751/15

11.50b New Zealand

11555

July

Copper, June

254000 | South.

41.500 India

United 'Pri

Beyers Beliers Mar

3-month on 2434 Copper, pok

monts Lead, zid half 2.77724 2X78-15/16 Line and halt

2.23

United Press-

June.

Mat

909 93

Bandung Ct of Ind Standard OT of N. Siskely-Van Camp. Studebaker-Packard Corn.

Butt de Co Tema Co.

Twenty Century Fox Fam dos Union Carbide.

28.08 Union Prese Railway 33.15 Union Adrerat?

3380 US. Gypton

In the US the average price of US Rubber

UB. Smelting 15/18 middling colon de ten us. stol 1002% | déRUMāted sept gebekete ? was: Warner Bros.

34.14

Sales at the Westinghou markets totalled 5410bales.

Woodworth

cents.

United Press.

Juns

from Japan

for Pusan & Kunsan

Chinese Department: Telephone 28293.

" Queen's Building, Telephone 31206.

MESSAGERIES MARITIMES

PO Box 53. Queen's Building Tel: 2883]

FAST PASSENGER/FREIGHT SERVICE

“VIETNAM** "CAMBODGE?

“BIR HAKEI "MEKONG"

sailing July 17th

Failing Aug 18th

FAST FREIGHT SERVICE O

sailing June 24th. sailing July 7th