THE CHINA MAIL, WEDNESDAY, NOVEMBER 16, 1955.
TRADE and
COMMERCE SECTION
ECONOMIC DEVELOPMENT IN THE COMMONWEALTH
Irregularity In
Private Enterprise Forged Ahead New York Stocks
Alaska Coastal Liner Sold
New York, Nov. 15. The Just of the large Alaska cumint ruute pas- senger ships, the 4,990-ton Baranof, wie wild Japanese stilp breaker for scrap. It WBA announced here today
14
The purchaser is Rinkos
Kairushiki Seitetun
Unaku, Thr peler
not disclosed.
The Baranof
טר
ان
да
bulit
(19 Canulen, New Jerney,
in 1919 as the Grace Line
Santa
DAILA Elina for
ALIMETK
Noukts
American routes, Ikier It of the Jusr
became
passenger ships active he -
Washing
Iween Kraitie,
ton, and the Alaskan ports under
fALK
the
nt
Alunica Steamship ('on- pany. It ended its servier there in Septem -tinited Press
NY COTTON
FUTURES
Under Good Govt
MANY PROBLEMS MUST
BE TACKLED TOGETHER
By James Wickenden
London, Nov. 15.
In addition to increasing wealth for its own sake economic development in the Commonwealth has an additional role it is the only sound foundation for political progress towards independence of colonial territories,
This dramatic fact has always been realised by far- seving administrators. It is now recalled in an informative pamphlet Economic Development in the United Kingdom Dependencies published by the Central Office of Information.
7773
kanpassing the incep gal government peter enter for barn the mea!
WAP, the stabdylomere
nataldragter
1
! Now the Rodes, Speakout of the reentomenela»,
tions for ɛndo and Tangra- viku the Connell continyur
10
The Commis pers huve Brought 1341 Wages
v Comunela and Works Councils as alternative to the
prow. The odete tons, and has fales!
1 Palise that such benlys, cannot
fully unde
1934.
{
teal tha
11 beg
for the Tuhme weh the advantage of expr
for 1
aleevichy 「་ht,
• kib
wth of V
Swaling
13.309 Songwe
district without restor
11
Fo
ANY
『*
They runs plow new Bar Bale ukas
TRI- teratus. bmw for
,
have
F
Ft. stock tale
Emmet City
1 W
to forge ahead
1111 12+
!
1
E
* Wed 1
an
Maluyon
2.
F
Though
Altan
Dear VodricTy
But aika .] - Konsul: man
controlled wald
1 fr.
also
galine - weden Staffing the towards
IN RALLY
New York, Nov. 15.
Cotton futures
rallied spiritedly
JAIN
ting only
today
after
از
mixed start and held mast
of the gain at the close,
Final
pre
anet # 42
pouts higher with duy 1CH tracts running far as the Jeed Opening pri Py were up D
2
(2 leis
penta
No w
up to points deng
closed
July
dominated
The the
trade. Concentrated buying by
Ortres traders,
כדלי
mission houses urad Prade rounds lifted the last month of the current erga sedient magand
$4 a bale.
A scarcity
at Tering
the uncovering
And it wreat
Singapor
Fit lite mat
web
E
the
..
1 t Tangeniside To Nungpies but atrath of Work ALM 11 production trean gething at the Turm of century ko, mat Tap klasei
half the total wot duction today wand for such Traportant activities. ALCORWINE D Upisnite DEKİ
salt-hoitinaggs
Mdaya
TOLING
E 1.74
onders Enstened the rise in July
to above the 31% rent mark,
Cumulative
the season's low
24.
Technicinti
| rewיך
Best mou
New Element
321
But Dis e-carte
is few plement has intered colonial economic development. He is no
matic f
enters out private bey factors
THE GVPLY
21
$13 30
i bale
CAF
longer sol
sole-ty
་་
***
Now
Fut mamakarg!
Ta paue Eng
!ไม
Fir
part of the
July
Based on investment
They pointed out
been sellinus
D
ceding delivery.
a little more Bananas
Because 外
1
stale per me preke
ganekomed equally for.
atlowing stater
stin go
Vale the extra he
Twa ekotuple
met wat
From Pake Tan
rate of producer in
the
government boar
the penk harvesting
passed, buyers
plies in
romenereal channel hereafter may terol to tight.mi and lift the market to the town! vidue
Tnding volume and interest in the Exchange Today
WCTO:
Month
Dec
Mar
KE Ekto All...
4, ינ: !
|
, י
of Paketa:
ין.
Blah sul-confines Afghanistan and Huma
The number of hondenad
ch.c Just eight 34% 1 e
on far donde in the shy cotton. wool, Culbol and
jo
workers
presentatives speak with tike knowledge and experience and }}}}} the that can be gasped
کر دی
sly though! the organisation
Trade NETANYA
.
Movement"
Future Bardens
Union
Pring these obarvaliou “
Soviet - Norwegian HONGKONG
Trade Agreement
A
Moscow. Nov, 15.
Soviet Norwegian trade agreement will be sigand toidght, sourety de- companying
Norwegian
Premter Gerhardsen said Loday.
Soviet Premier Nikolai
مالها
Bulganin received Preiler Gehrardsen this morning. terminating liminary to the agreement. A reception will be held tonight for the Norwegian delegation accompanying
STOCK EXCHANGE
New York, Nov. 15. Some irregularity developed in stocks today after yesterday's upsurge to within touching distance of the bull market highs set on Sept. 23.
General
Motors, yesier- sold
day's active favourite, ex-dividend at $62, off $1.
of
(From Our Correspondent) Yesterday it rose more than 3 points and added a billion Business dome on the Hong-dollar to the valuation kong Stock Exchange this
the entire issue of more morning mounted to $650,000. pro-
Noon
quotations and the than 278,000,000 shares. morning's transactions:
Du Pont dropped 3 points of SHARES BUYERS SELLERS SALES | yuterday's d-point advanec.
Aircrafts sold i Chrysler cased. down fractions of more than a point in Boeing affected by a decline іл carnings Steels Balanced cd small Rains and Josson
Mr Gerhardsen, who inayes Moscow tomorrow for Sta- lingrad and a betef south- ern four before returning to Oslo.-United Press,
US Services
And
Goods
Record
Rate
BANKS
HK Bank
INSURANCES
Lombard
DOCKS, ET
K. Wharf Provident (O) Wheelock
LAND, ETC IK Hote
HK Lac
INS
I
Vaunati Ferry
1040 IGM
33
06
14:00
105
119 1600 ID 1050
London Stocks
Ease On Lack Of Support
London, Nov. 15. Stocks closed irregular on Scarn Roebuck London Exchange today
The mail order Looues were bld up with
0 10,000 in 5.30 | showing a rise of more than 3 and Montgomery Ward nearly
10 BO
27 300 10.002 points.
100 or 17
30 30%
50
400
0515
30
30.5
40
26
after showing a broad front (of gains at mid-day.
Prices eased on lack of invest-
General Motors agali Jet In volume, helped by an open-ment support in most divisions,
30 50 g block of 30,000 shares.
320 40 30 30
Closing Prices
Aldes Ine Asy Allied Chemicals
All Chantiers. American
Airline
American Mrial
Anaconda Cop
#24
Industrials, which had enjoyed earlier selective buying, run into mederale selling chiefly in Ford Motors
Imperial Chemicals and Lancashire colton.
Bowater,
and
OLLUS
Hudson Bay 112 Unilever, however, managed to
hold carller fractional gains,
Textiles
30
were depressed company reports Oils, which cused at the close, had a
123 bright spot in Royal Dutch which
Humphreys
RUBBER
A Muttre
17751 023 13,000 771
755
UTILITIES
I'm
21 10
300 2180
24%
30021 0
800 21.70
American Smetting.
453
some
100421 90 Ainerican Tel & T
Star Pets
142
American Tob
10
101
* Taght (0) 20 90
21 3000 20.00
200. 21
Armeo Sleet
C Licht ENE 15:50 18 No Mlectri
Q
Telephone
3
INDUSTRIALS
C'erment Rope
33 +234
Fa
2500
110
13.90
Washington, Nov. 15. US factories and service establishments turned out goods and services at record annual rate of $391,500,000,000 in the third quarter of this year, the Commerce Department STORES. Er reported today.
Dairy Wall
36 38 1106 38
32
Textile Corp
MISCELLANEOUS
Allied
6 30 6 0
it said the $6.500,000,000 in | CUTTONS creme over the second quarter was due chiefly to sizable boosts and xpending 151
new Per- equipment.
from An rose
CONSUMEE
1600 o 18). 1323125
2000 380
Annour
Dallimore Betime
Denguet Cons
Bethlehem Steel Coundon Pettle Chase Maritat. Bank Chlor Motown
1000 131 Colgate-Palmolive Co
Commercial Credit Commonwealth Elec Corimidated Edison Continental Stock
Corn Producte Crane Co. ....... Crown Zetlerbach Cuban Amer. Sugar Curlin Wright Diamond Alkat
144 il large, goverti- net-scale
*** problera overly
athay Le solved. only to raise three new ones: the 1TheBeate handling of primitive peoples who may have to be shifted wholesale or have their economte life
make upset to
business way Ine jalu
the assump- ton of responsibility in power.
ver. ! plants polities
to conel
nf $309,500,000,000 CHICAGO GRAIN Safety Razor
Prices fo $300,000,000,000 and lastly uned stable comparatively modern state cars annual rate
nore with nately, the problem ganisation
termm als elgarelles now being pre- dained by over 20 new Juctories
west WIN formerly serubby, poor arma; at hydro electric power b pulsins from the barren hails above Darga
Third Element
A Qurd arw element, brudes al state madras
i..
tive read dumpe
..
And to the tel 1-3 14
20
31
side fearle anoller
1.64
Jerkongs
to Take
De Ba! Alica
fat a rat statement at tax
st
the Carried Counell welyom the empl laid throughout the report on the ungrot
standard of living ra Fast Altam #l the Geral alte accept
TET
A
the primitive triber Halimikan are being persuada di
JF1 ter The befale abonet me Zambesa
1
Pentaloupes
F86 million Connel
je Wet
that the
Lorrainy
make way for the Kodan die
They do not Lemoak alat
Volute Open Sicherest
40,300
40,300
400.700
M
May
77.700
$4.000
W
34,400
Och
100 200
105.200
The
102 00
The water
zaying
Mar
4.1900
24,700
Total
1436,400
193,100 bule.
NEW YORK
That of Then
July
14,700
230.2003
Prices of futures closed today!
as follows:
Dec.
Spot
Mar
May
July
Dec
Mar
15 03
33-09-21 0
332 814-44
31.50
240773
29.45
2020
NEW ORLEANS
Prices of futures closed today
Ds follows:
Spot
Dec.
Mar.
May
July
Oct.
Dec.
Mar
LIVERPOOL
33.00
34.00
33.10
37.88
31.03
20.74.75
20,47
29,33
Closings, in pence per
American middling
inch, were as follows: Old conimet Dec/Jan.
Mar/Apr Mu July/Aug.
New contact May/June
July/Aug Oct/Nov
of
Egyptian Karnak Jan/Feb.
t
conclusion - Hayal Comussion's
that the ampl lo vrenut ke only ramn the growth of trade-
the Brilasa tandi 1. likely, bu
to repres some time to cutnes,
ellori expenditure of GATHE which might be employed more effee.vely in other directions" The General Couned! greuliy
cy that this statement Frk seppet bees, munde"
car than whitter wild coupe ck wita they re
S 22,000 peopie
Kead
we leaving for a
Perhaps
sphere which iL
.}
labors.
1:0
кућа
11,0
+1 LWAL PASTIONING of them additional future barelans which is the best Kristanley of sound Pontre planning volentes At any
Ever
TO Express Service,
rate
the they Laricions
WORLD RUBBER PRICES
16
Investment
income
The Departmenį Slmer's bought inertasost production inventories
TC-
<OF-
Rud much of the Business dropped off soine- what from the previous quar- Ver. Personal savings dropped SU00,000,000 to an annual rate of $15,700.000.000.
MARKET
15 Chicago, Nov Must grain futures gained Arnness of the Board of Trade okay, but sybians were co- pressed by slow process or de- 111 e an castey trend Soybean meat.
General Foods
General Motors xd
Glidden Co.
Goodyear Tire
Heyden Chemical. Ingormoil.Hand
Int Business Machine
Gs held at Roin
1046
British
were
175
15014
going.
Government
to unable
dropper! a
stocks
hold initial But although prices little, the list still showed advances at the close,
Gold shares also had a less cleady appearance, but coppers and other base metals reflected finness in the price of these 77 commodities.
ל024
104%
Dupont de Nemuurs
Enatman Kodak
+ 247! #3
General Electric
4015
00
OZIL
3012
1016
400
387
60%
28
40%
123
30.
30
0396
1021
29
100TL
YO
1944
H2
Int Harvester ......
International Nickel
|
Int'l Til & Tel Kamsan C
Power & Light Kennecolt Copper Lockheed Aircraft Loews Incor
in Late Star Cement Cu Minnesota Mining
Mission Devek-pment Monistomery Ward
National Cash Res
Form TIMOTIES As the +10
Buying of wheat futures fol. dark spot on the Department s
lowed news of export geles of National Distillers It said farmers' income US domestic flour demand was National Lead report propped agains in the third gun- stow, but US mills offerd 100,-New York Central fer 16 an annual rate of $10,000 hundredweights of four to 800,000,000, continuing a down-Jordan, desiers sald
ward trend that started in early 1954
The Department's start was the latest Test of opti-
mistie Statement Pranomic
Bierce
Lotion, Nov.
Serretary The rubber market was quiet Weeks said recently but dem
quoted at i veonomy is expected to his new Spot with spok 37%, pronave SM!? 1b
Prices
records Frems
No 1 aprel
{J¢ras Jill Mist
Selement house teren
Apr./June
July/Sept
371-301
3745-3792
3716-37%
2514-33%
3344-34
77-37 20-37 unquoted
General darkets, elf hosts, portat
ds
Nov
Der
J11
CHINA AND ITALY
TO OPEN TRADE TALKS
Rome, Nov. 14.
China has agreed to open trade talks with Italy aimed at extending commercial exchanges | 18/10 between the two countries, Foreign Ministry
sources said tonight.
It...
37.70
21.00
23.10
23.18
your.
-
Singapore
Stock Market
Mallesom
Ous Elevilor's
Pacle Go & Eles.
Philips Petroleum
Parke Davis Co Penn
Salt Co.
Pittsburgh Plate Glass
Radio Corporation
Republic Steel
Reynolds Metal
Binclair O
Bocany Vacation Standard Brande
Standard Out of Cal.
Standard Oil of Ind.
| Standard Oil of N.J
Sterling Drug Co
Stokely-Van Comp Studebaker-Packard Corp. Swift & Co.
Foreign bonds especially the Germans, wee featureless. Among Japanese tho only bright spot was Tokyo Electric which
rose on quiet demand.- United Press,
New York Sugar
Market
New York, Nov. 15.
futures World No. 4 sugar closed today one point tower with sales of 21 contracts.
Domestle No. 6 sugar futures closed 2 to 3 higher with sales of 16 contracts.
Both markets ruled quiet on mixed dealings between
trade
interests pending raw market 45xd developments. Futures:
571%
6515 March
Contract No. 4 (world)
Interest: 1,400 contracts.
Contract No
635 interest:
New York Foreign
Exchange
New York, Nov. 15. 2.00-11/32
futures 2.70
2.797% 2.003
0109-1110
2104
2107
United Pres.
1014 May
Wheat closed raits; soybean,
up to a 141 (new) of
1
Pacille Westem Üll Pan American Airways Paramount Pictures
July
17
Sept
301
Bpol-cents per ih. fob Cuba)
Open
to 14% cents
March
0.30
overall
CLOSING PRICES
May
conditions
Com-
July
Mi
Prices per bushol in cents Sinclair that the Wheat No. 2, red
Sept
Spot-fcctils per b. clf NY
ex-duty
5.42
Open
contracts.
United Dec. 20542 (8) 204) (L)
Mar.
May
208n 206
201
United Irr
July
200%-%
1933-
Sepl.
195
Corn, No. 2, yellow
Spot
114%
Texas Co.
113
Dee.
125-
Union Carbide
100%
Mar.
130%
Union Pacile Bathway
180
May
133-
United Aircraft
612x
July
13541
u.8. GypsuLITI
2:03
England official
Sept.
12201
US. Rubber
40
90-day
US Smelting
Ryc
ÚS. Steel
Dec
1124
Warner Bros.
Singapore, Nov 16
Mar
Lođav yuoled The
Oats
| Woolworth
per
Dec.
G4%
Opening Mar.
073.
Balu Lintang
3.56 pald
Haricy.
3,43 buyers
Rubber Co Llu
01.00
Spot
138-1911
3.49 buyers
3,77 paki
British Borneo Petroleu
40: 36
Colidated Tin
Now York flour
Smelter Ord.
209
200 lb, mak
Fraser & Neave Lid Ord
$1.10
Boybeans, No. 1. yellow
$11.601
Fraser & Neave
Spot
715 Cum pret
10.00
Nov.
Hongkong & Ghanghai
Jan.
200 23439-% 220-207;
Banking Comp.
Mor,
241
Hongkong Tin
id
MAJ
Keinnas Ltd
Lunas Rubber Estates Lid, $100
$1.50
July
23044
Malayan Breweries
$5.40
New Serandan Itubbier
WINNIPEG PRICES
Co. Ltd.
$1.50
Petaling Tin Lið.
24.17 xd
Prices of grain futures closed
Raffen Hotel
12.45
per
kistele crepe all unquoted
AMSTERDAM
Brokers The market was firm. Prices closed today
following stock pri guilders **L
Julogram, elf ber. os follows:
No rubber
No. 2 zuber
No
3 rubber
No
1 crepe.
The Singapore and New York rubber prices were imavailable.
-United PrESS,
LONDON METAL
PRICES
London, Nov. 15.
Today while
copper and zinc were steady. Lead was inactive. Prices closed today in sterling per long ton as follows:
The tin market continued Arm
The sources said China's Ambassador Mr Wang Ping-nam gave the green light to Italy in a 21 formal note sent to the Italian Consulate in The Spot
Geneva, Italy has no diplomatic relations with Capper the Chinese Reds.
29.00
Sao Paulo cotion prices were unavailable-United Pres
London Foreign Exchange
New York
Montreal
Amsterdam
Copenhagen
Brub
Fennktari
Milan
Oda
Para
Blockhous
London, Noy, 15,
20%-2.80.5/10
2.30 3/10-2.05./10 10.00-10.0241 15.00-109.03 19.33-19.3344 31.7496+11,764 77334-1743
20.00-20.0013
14.683-1480. 14.876-12 M
United Prod
Zurich Olbers were unchanged,
Huyer Sellers
学 700
Syndicate
Singapore Cold Storage 11.72 ed today in Canadian cents South British
**
Weninghouse Elreic
53% New Zealand
South Africa
Belgium
inctio...
404) | Pakistan,
United Press,
242-24134
Wheat, No. 3, was quoted at 184 cents per buchel; No. 3 was ot 128 cents-United Press.
Exchange Rates
Business was alone in the local unofficial exchange market, this All Did prin morning, et lite following, FALARI Old comiracle closed, one cost 18 dollar (per $1) blower with palos of two cogboring poles Der” Rij
tracts.
Dec.
Let US handle
YOUR PRINTING
Too many proofs mean time wasted.
We grasp the point at the onset and
ONE PROOF generally suffices.
After that, our up-to-date automatic
presses make short work of the job.
Lot 113 quote for
SOUTH CHINA, MORNING POST PRINTING DEPT.
For printing of every description Tolephone:
bushel as follows:
Imuranes Ch. Ltd. Sienita Trading Strails Steamship United Engineers Ord. Wearne Brus.
€21.00
$24.00
Oste
$10.00
Doc.
7431
110.10
MEY
03.09
-China Mall Special.
July
2011
Ryo
Dec.
พค เท
2004% 709
May
101
378
300
360
3091
NEW YORK SILK
July
10015
Barley
Lend frxi halt Nov.
Fel
1073: 100
107
Zine first half Nov.
2
10731 Loath
FUTURES
Doe
£875
Mey
Feb.
d
DI
Vulled Press.
NEW YORK METAL with sale of two con-
New York, Nov, 15. Now contmot silk futures toe day closel unchanged to 2 center'
July
044%
Flaxseed
Dec.
111
Mny
31814
July
2001
tracts.
FUTURES
Closing prices were:
Dec.
Jail,
New York, Nov. 15.
Feb.
Prices of metal fatores closed
MIT.
Smar today in cents per 18. R follows:
Apeil
Jule
Lead Nov.
July
Dec.
Tlo
NOY.
Doc.
Zino
Nov.
Dare.
Copper Nov.
Deo.
Italy's intention to press for Italy is anxious to find a new increased trade with continental outlet in China for Its luxuy would! China was bonounced on Septem-goods and textiles and ber 27 by Foreign Minister like to get machinery
In ex- Gaetano Marlino. In a speech change, the sources said.
Wera Ex-
to Parliament, Signor Martino
revealed Italian
Switzerland were
diplomats in The trade talks
sounding pouled to take place in London Ambassador Wong on the between Chhies diplomats, and of opening talka Vittorrorlo Zoppi, Italian Am- aldrig Ministry sources bassador to
possibility
Brits.
there was no intention or | Zoppi was expected to got In- likelihood that the tende talks structions on the talka ·during would lend to the setting up at his current visit to Rome for diplomatic relations which conference of Italian Ambasso» would amount to Italian
dors from Washington, London, cognition of the Communist Paris, MORLOW and Donn regime in China,
United Proes.
re
18.40
Lütated. Prom
Australigi noted, (per 23). Indonesian rupiah (per 100). Em reais (per 100)
$2,40
10.06
28.00
Singapore (Biratte)
your
requirements,
carront
20002
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