THE CHINA MAIL, THURSDAY, NOVEMBER 17, 1955.
TRADE
and
COMMERCE SECTION
Competitors Make Inroads
WORLD
COTTON MARKETS
New York, Nov. 16. Cotton truders crowded most of the activity into the opening and closing transac-, tions.
In between time the market sec-sawed evralleutly over
i
**
Tonge of $2.50 a bale, ergomeling
Into UK's Markets HONGKONG
Japs Heading
Off US Retaliation
Tokyo, Nov. 16. The Japanese Ministry of] Alter swaying over a range International Trade and In-
small ideas either way
day to reduce cotton goods
o. $2.20 a bale, the fat chetdustry was taking steps 10-
el to 25 points ferver. Open- ang prices were 1 to downs & tents closed up on to down 27 untu
New
Livespied brotters were smolt
sendes buvein » f nearby December
tales et nous eroj pod- Doend professional brøden «
Focusass and spot in- hamferred bekween mond lg, ar[fisting positions after Neveral days el advances
130W
!
exports to the United States!
in an effort to head off pos- sible retaliatory measures.
Japans exports to the United Studs are booming to
several denis, arst US manufacturers are a code ing agaipsi Japanese coffe $10
A pening stunt of covering
Tokyo Austrates elroles say the litted deathy December to 3403
American Colton Association mpls a
high two US uma and plywood ins amovement and a simulative.
have been particufacty stan: or 301 pitata 18 05
vildt Japanese Sides 26.09
SUN low 116 1 it I mau marked the Best Some 34 rent cotton
bestr
The Board Alnw
mad-summa
The May nand July deliveries,
Taong pols.
#
en tepat brs popsty medicine
antel beds gelling
The New York Cottone
86% Increase
The sales include collon
plywood. enned
Vate, A4 WVAIR mchines, silk carves and käilted gloves, Ex-depu's exports to the United
change Service Burea estimated 1 S04 between Apral
domestic consumption
raw crtion
bales.
ן!*
all Septem
APK
prod ended Out
This
290 710,000 cotraparesd
875.000 bales
with toa
the
2.00) 251 400,
D'
weat
ponding
preceding Bye-weck pe „odt and 707,000 bales in the corres-
four weeks of
your.
Daily
rate of use ruse
to
and
yeu totalled an the case of 86
the same perlud | ||
Jagonese Trading etretes eredit this increase to a number of kat, factors. These include the United States healthy ensumer market,
resulting lower Japan's membership bales in Velober from Frionerel Agreement 37,000 35.000 bales in September and i
and Trade compared with 35,400 holes in
proved mality October last year.
Koodis.
Trading volume and open. interest in the Exchange today i
were
Month
יון
Open interest
כאז כן:
A1,100
เรน
WOOLLEN YARN
AND PIECE
GOODS IN HK
respiētive,
n
STOCK EXCHANGE
(From Our Correspondent)
Business done on the Hong- kung Stock Exchango this morning amoynted to $800,000.
London, Nov. 16. Noon quotallona and the
and the United morning's transactions:
a
70000 01 0215
in competitors, have SHARES BUYEŅO BELLERS KALES "rides" in the sterling VT LOANS
31 104) itain's share in this BANKS ording to an article Journal.
fre
63 and 68 per from the United Stutes by eight per ernt and 22 per cent,
the figures. the Board of Trade Journal
that Australia's
15
hyet ht
be per ceni !w (f; the first and second haives of 1964. and bay
મ further 15 per vent at the Brat
Breaking down
front the
sid
5177 Tariffs (GATT), and im- of Japanese
* half of 1966.
But American firms are grow- ing restive under this compeli- tion, and the Japanese Govern- Ument has taken steps to head
of trouble.
Mar
Vahte 350G ***
แ
21,30
H. SU
Jurla
Cket
B.756
Dev
27
Mai
200
10
Toul
VO USU
NEW YORK
7 300 les c
Prices of futures closed Today. As follow
Spel
Dec
Mal
ལས་
Ju
Unt
Iles.
Mar
Alas
NEW ORLEANS
New Programme
Yesterday, The Trade Ministry "closed a new reshjetive pro- gramme which provides for:
Some restrictions. GEL voume of all types <if colten gammel
All
All Shared
Fources
ارية
ver
jer
was noticeable that
UK Bank
En Anla
INSURANCES
Union XD Lombard
ns and piece goods fuos, ETC. tial inroads into the
K What? Duch Prevident (0) Wheelock
et. There were also S synthetic fibres. LAND C
fst half of 1954, the
bm Japan rose by 36 th 29 per cent for the nt for the United
Imports from the dollar area. nd from sterling countries
ther than the United Kingdom
bark ropped
$1tle In the econd uurter this year For the high rate of previous onths but imports from Ger- particularly of boilers metaf working machinery, contimed to expand,
any.
from
Imports
the United Kingdom In the first six months of the year, on the other hand,
than no higher
in the curresponding period of 1964.
JK tutel FIX Lond
(600 1003
230
25 100
910
14
33
117
20 80
1471
IN 60 AND 3000
200 of 2004 24.80
78
เย พย 17
Hampeyn Seity X2307, 100 RUBBER
11
IN,
50 3D doo or 50% 31
20 19
^
Rubber
190 190 17021 # 10 2015 2 09
UTILITIES
22 22 40 1400 » 22
30 22 20
Star Ferry
(40
Ya Ferry
101
L2h tế)
21
1500
2000
1300 21
Laghi (N) 15.70 Klectric
- kumpaket de
10 300
L 70
388
1000 e 31%
31 32 3500 4 3150
National Steel Expanding
Pillsburgh, Nov. 10. National Bleel Corp, an- nounced a three-year, 200 million dollar expansion programme -on Tuesday as purt at the hyłustry's "ob- ligation" to meet the over- growing demand for steel
the US.
JA
Board Chairman Ernest T. Weir said the improve-
ment programme, which in limited to expansion of existing fantlities, will boost the firm's Annual stool capacity from 6 to 7 million tons-United Press.
WORLD RUBBER PRICES
New York, Nov. 10, Rubber futures today closed 70 points higher to 10 points lower with sales of 437 cùntructs.
Prices bogged down sharply after a strong start only to rally ngal at the close undder specu- lative cuvering and dealer bay- ing.
The reactionary tide can strong |
London weakened after when New York opening and reflecting assurances by trade authorities that any developing tightness in the
natura) rubber supply of hereafter will be more than off- set by the increasing production rate of the synthelle article.
Technicians thought the late recovery reflected buying on the market's theory that the local current discount of about a cent a pound under London would
Irrow.
The spot market remained dull at 40% 400 or 3150 | with No. 1 Hss quoted 314 3150 cents a pound, nominal. Futures: 50031 75
10 1 34 4
|
Chips
Industrial Blue
Lift US Market
New York, Nov. 16.
Sharp gains in a few blue chips lifted. industrials shares near their all-time high while stocks generally moved narrowly and irregularly on reduced trading.
The market, after moving idly much of the session with realising taking a toll of many stocks, staged a bit of a rally near the close--sufficient to lift averages for the major groups, although the under- tone remained hesitant.
National Steel feulured with Kenuccott Cupper a run-up of more than 4 points, Liggett Mayors Tot, Co.
Lockshood Alecraft John-Münville with n gain, al Loews Incorp. Inore than 3, the latter on a two- fur-one stock split proposal.
Qx-
Long Star Cement Co. Louivide & Nonville R. Lowenstein & Sons. Mesahl Iron Corp.
These issues lifted the Indus-Minnesota Mining trial average to 487.38, up 0.31 Mission Development and just 0.07 away from the all-Monsanto Chemioni Co.
Montgomery Ward time high this despite con- Mutorale Inc. siderable adjustment for
National Cuth Roy, National Dairy Prod. dividends and despite losses of Notional Dialers more then 3 points in Du Pont, National Lear
Point or more In Eastman New York Central
Ölin Mathiesoa Kodak, General Motors, Gentral our Elevators Food,
Jersey Standard and Owen-liina Glass
Pacile Gag & Elec. Texas Co.
Pacific Western Oll Pan American Always Trading lightened
Paramount Pictums profit-taking and sales for the
Parko Davil Co. session totalled 2,460,000 shares,
Penny J. C. Co. Penn, Salt Co. compared with 2,500,000 yes- terday.
On
the
Gener: Motors' new common followed by Chrysler. again was the most active isnie,
Of a total 1,195 issues traded, were 408 higher,
there lower.
442
In stcels, aside from National, Island rose more than a point; Crucible fell more than 2 on dividend disappointment,
New
York bond volume was $3,064,000.
American Stock Exchange
Stock Exchange
44.00
41,40
30.40
volume was 180,000 shares.
Dow Jones closing
averages
38.00
were:
30.00
33.00
30 industrial
20 molla
18 utilitie
Dec
INDUSTRIALS
Cement
Mar
33, 344, 1000 24 1334
May
2027 of 34
¡July
300 x 34
Sept.
| Det
LONDON
London, Nov. 16.
cusy with
The
market wag
spot quoied at . 37% pener par
3000 34
Hope
1B 90
United Kingdom and the hart risen, especially in feld of motor vehicles.-China Mail Special.
Turning to South Africa, the STORES, ETC.
said Bourd of Trade Journal that Imports from both Lie Watson
US
Dairy
18 30
390 4 10 10 120
Crawford
36 50
It.
Prices:
the
COTTONS
Textile Cop
MISCELLANEOUS
No. 1 Ra put
37%-373%
5 50 2000 5.35
Settlement huume teria.
Doc.
3712-373
Jan/Mar.
3014-2015
Allied
3.30 50
Apr/June
Jity/Sep
341-35 322-33
MARKET
shared in This rise, but Imports from the dollar area
Continental
OBEC eruntries were 38 rent CHICAGO GRAIN above a year earlier. Imports ports from Japan rose by about two- 11ards between each half-yearly. perku. On the other band. Au5– kiralian friports from the United
Kingdom rost by only 18 cent over
the whole period German exports to Malaya in the first half of this year were 2.9 range restrictions 011 46 per cent higher than in the lexports of
rst half of 1954. which
Those from cotton goods
on compete directly with American Japan, fellowing a rc of 50 ceni between the two per halves of 1054, rose da further Specie quulus
37 per cent in the first half of were revented, aset
believed 1965. I was they still were beint worked but between the government and Japanese manufacturers,
30
33 03-93
J2.03
2018
24 201
20 00
екен.
Prices of fulures closed today as follows:
Spot
Dev
33.50 34.01
Aut
20
Alany
201
Ally
Chat.
20.32
Der
20.27
Ma
29 19
LIVERPOOL
Puture chvising, American
unidding, in pence per Jb. were
the follow
Old emtract
Dee /Jm
27.30
Mar/Apr.
24.10-25
May/June July/Aug
23.20
22.63-75
New contract
May/June
225 (M)
July/Aug
24.10
VELING.
23.70
ཿརྦྦ་
Egypten Kartial Jan./Feb. 30.00
SAO PAULO
closings, in cruzeiros
per kilo were as follows.
Futuro
Dec
Mar.
MAY
July
In the US
26.40
29.00
20.00
20.49
the average price
of 15/18 middling cotton at 14
designated
markets spot
was
not
The Trade Ministry was particularly concerned about a bill now before the US Congress which calls for allocation of import quolas Un Japanese cotton goois.-United Press.
Chicago, Nov. 18. Predictions for a nold wave over most of the grain beth early today, brought buying into most grains hul profit-taking and hedge-selling later cut most of the advances,
-
Singapore
Stock
General markets, cif basis, ports:
Nav De:
237-374 30-37 inquoted
Amster-
นก
Estule erepe all unquoted. The Singapore and
prices were
Marketvie-United Press,
Singapore, Nov. 17 131 kers today quoted the following stork prices:
Balu Lintang
Ltd.
Rubber
Petroleum Wheat and soybeans weaken-British Barnev
Syndicate while ether
bald | ConsolidatedTin Sunelters
Krains
ed, struchy.
The rising value of India's
Broker reported come importa was shared by nost mill buying in wheat futures groups of countries, but the ad-after
purchased Norway vance of Japan was again mark-
moder. te amount e US flour.
Cer
Opening
$1.0
42/00
flour
Ord. Fraser & Nenve Lid Ord. Franet & Neave 19% emp
pref (Hongkong
29/
$1.72
BA NO
Shanghat
a
Banking Corp. Hongkong Tin Ltd. Kemopan Lic.
7/01
$1.60
$4.00
$3.40
Lideranda Stubber Co.
$1.30
Petaling Tin Ltd.
$4.20
Shagapore Cold Storage South British Insurance Co.
$1.72ed
Ltd.
$28.00
[Straftä Trading
$24.00
Straits Staemship
$15.50
United Engineera Ord.
$10.10
Wasrne Bro.
$5.00
ed by a nine per cunt ng la fae | Mills were waiting replies from first half of this year following
Jordan on offering of 100,000 hundredweights of four to that country.
72 per cent rise between the halves of 1954, due largely to higher Imports of semi- fabricated motaf products,
US Overseas Investments
WILL DOUBLE IN
NEXT
20 YEARS
New York, Nov. 16.
Direct overseas investments of United States business will more than double the current rate in
33.00 cents. Sales totalled 57,020 the next 20 years, રી leading US Industrialist
bales.
KARACH1
The market was highly erratic today on speculative buying and selling alternatively. Prices closed for 4F Punjab roller glo cotton at 72 rupees per muand, Others were unquoted. United Preps.
American Surplus For Brazil
"
Rio de Janeiro, Nov. 10.
Jasa
predicted here yesterday,
Mr Marshal E. Young Vice-President of the Monsanto Chemical Co., St Louis, Missouri, said that between now and 1975 this total will climb to slightly over $40,000,000,000 compared with the current 17.7 billions.
may
billions last year.
OVEREEDS
Wheat closed off 10 11
(new) off cents; soybeans to 2% cents.
CLOSING PRICES
Prices per bushel in cents: Wheat No. 2. red
Spul
Dec 25
Mar.
May
July
Sept.
244)
Corn, No. 2, yellow
201
204!!
2004 203%-1+
1023-fa 104T
ง
129-130
13.2%
135
1319-%
1111-%
Lunas Rubber Estates Ltd. Maingan Breweries
Ltd.
Raffles Hotel
-China Mail Special.
New York Sugar Market
New York, Nov. 16. World No. 4 sugar futures closed today unchanged with sales at 1 contracta,
Thai Merchant
Marine To
Be Increased
Bangkok, Nov, 10.
The That merchant marine is to be taureased by 19,000 tons,
Economic was revealed by the Ministry here today.
The Cabinet Councy has ap- proved the purchase of five ad- ditional ocean going cargo Ves" Bels for Bangkok, Japanese, Hongkong, Singapore and Main |yan porta sealinea,
The
ships
total cost
of the estimated
65 stocks
40 bonds
Comm. future price index
Cornin, spot price index Moudy's Index
407.308
101.30
Philip Petroleum Procter & Gamble Co Pittsburgh Piste Glam Publickar industches Purg Oll
unsile Corpo Hepublic Steel Reynolda Metal Shell Oll Co
Saint Reg. Paper
Sinclair O
Socony Vacuuin
Bouth Porto Rico Bugar
| Southern National Gas
Bouthern Rollway (Com.) Blandard Brands Standard Out of Cal. Standard Out, ind
Sunndard
Sterling Drug Co. Stokely-Van Comp Studebaker-Packard
Swift & Co.
Texas Co.
Corp.
Tire Water Asm. Oli Twenty Century Fox Film Union Carbide
Union Pacillo Railway 64.90 United Aircraft 172.28 U.A. Gyosum
U.S. Line Co.
183.59 US Hubber (xd) 100.04
US Smoling 309.90 U.8. Stool
CLOSING PRICES
Allied Chemicals
Allied M13 Inc.
Allis Chalmers
American Airline
American Cyanamide Co Am. Mach. & F. dry. American Melal...
American Smelting Am. Bugar Ref.
American Tel, & Tul American Tob. "B" Anaconda Copper Armeo Sleel Armour
Baldwin-Lara-Ham, Balmore & Ohio Bendix Aylation Corp. Deneguet Cons. Bethlehem Steol
Boring Airplane
Borden (The) Co.
34-1/
67
24
194
150
0412
Burroughs Add Machine" Canadian Pacifle R. Can
(1) Co.
C. IT. Financial Corp.
Cat. Tractor
Celanese Corp.
Chrysler Molers
Colgate-Palmolive Co.
Commercial Credit
Commonwealth Elec. Consolidated Ediɔn
Warner Bros. Westinghouse Electric Weat Va, Pulp & Paper Woolworth
United Press.
FRACTIONAL
GAINS IN
LONDON
London, Nov. 16. Stocks scored mostly frac tiona! gains in moderately 18 active trading on the Lon-
don Exchange today.
Blocks
British Government edged forward and closed with gring from £1⁄4 to about £K.
Blue chip industrinis
wend Most leaders moved naY rowly, but Rolls-Royco jumped
than is. Bowater
40
2017
0912
$215
Continental Oil of Del. Continental Steel
4252
an
frm.
Crown Zellerbach
37
better
05
1541
29
DOT
Com Producta
Crano Co...
Cuban Amer. Sugar Curtis Wright
Dlaniond Alkali
Dow Chemicals
Dupont de Nemours
Eastman Kodak
E d'uso National Gas
Eric Hallrond
Family Finance Corp. General Electric five General Foods
at General Motors
US$8,000,000. The contract for G Pub, Uth. the vessels has been given to g Dutch shipyard.
Two of tho ships are 0,000 tons cach and the rest are 3,000 Ministry tous. payments will
Gilletta Bafety Razor Glidden Co. Goodrich (B. FjG Goodyear Tire
Heyden Chemical Homstake Mining Co. Ingersoll-Rand added that Inland Steel Co. be made by Interchemical Corp. instalments aver a period of Im Buziness Machines
Int HarvesLET roven yearA, Delivery of the mernational Nickel International Paper Int'l Tel & To
Domestic No. § sugar futures | first vessel is expected within closed 1 to 2 points lower with 18 months-France-Pressp. no sales reported,
Steadiness in world futures
reflected tho raw
"situation Israeli 'Deal
Domestle raws were firm with dealers expressing
the bellof
that only a email balance of the 1055 quola is mull. unsold. Futures:
Spol
Dee.
Mar
May
Jula
Bepl
Bye
Dec.
Mar.
114%
Dict
Max.
047L 071
Soybeans, No. 2 yellow
Spot
Nov.
97215-14
Jan.
Mar
23012-11 23814-11
Contract No. 4 (world)
Mny Fuly
23014
March
3.17
Barley Sppt
July
130-140n
Sept.
New York flour
200 I, Back
Spat-tcents per lb. fob Cuba)
Contract No, 6
March
May
July
Sept.
Prices of grain futures closed
in Canadian
cents bushel as follows;
Cats
He estimated niso that the will be made by the 2,500 com- annual return accruing to panics already operating through American businessmen on this branches or subsidiaries abroad. Investment will top 65,000,000,-
He said that the 000 ami
even exceed $0.600,000,000 compared with 2.2expansion programme would in- today
clude a tremendous build-up of manufacturing · facilities and the Дес Mr Young was a speaker at a development of more mines and US Ambassador James C. general sestrian meeting at the properties to provide an anti-
Con- Dunn and Brazilian Foreign National Forelen Trade Minister
Carlos Storesvention. Nearly 2,400 business today signed $41,000,000 executives are on hand for the agroment wheroby Brazil will three-day discussion
hor US malol trade problems,.. buy
and wheat
qthor
Prediction agricultural surpluses. Payment will be in Brazilian currency.
Brazil will mogive 800,000 Mr Young predicted further tons of whetź and other goods that as marry as 1,000 new US This Part of the payment will be compatiles will partenute în an "ouring demand" roturned to Erazil in form of expansion, programme abroad in from coffee 40 pớp: loan for development pur- the next two decades. The bulk concrtioning poses."Unlied Press,
of this expansion, he explained, United Pr
on inter-
1370
qipated step-up in demand for Des. raw materials. Barring war
cautioned, naftay, this rio in deman for row May [materiale will stem from en ex- July
pected increase in US popula- tion, which he
May
Луг
May Make
Dec.
WINNIPEG PRICES
Whicht No
Mily
Spot-teents per lb, cit NY
"ex-duty) per
With U.S.
un-
Washington, Nov. 10. The Isradi Embassy 11 nounced today commodity des an agreement under 3.10
which the United States will 5.31 sell $17,050,000 worth of sup
30
this of
plus agricultural products to
850 Isteel for Israeli polinds.
理想
United Press.
London Foreign
213%
043%
1003 36-14
New York
អ
Montreal
guated at 164 ont per bustief), No. 6 what ut 128 certa.
Exchange
London Nov. 18
Amsterdam
Copenhagor Frankfurt
okholm
nited Zurigh
2.00
10.022-10.63 19.3316-10.331
The Embassy sild the prin
cipui commodities ure wheat, soed grains and edible fats and olls. The ilst also includes cotton, buttor dried milk. chocoe, beans and tobacdp
and Press
New York Foreign Exchange
Canads
| John-Manville co.
20414
Ford Motors fell back.
and
Olle were undecided through
most of the session, Royal Dutch rose £% and Shell also showed
Д
ва comfortable gain. But Bri→' 40ish Petroleum lost its early ad- vance and closed more than a shilling lower.
40%
Coppers pleked up strength near the close on oversças buy- 30% ing support and higher prices for the red metal. Rhodesia Selection Trust and Obolcana were among the loaders. Gold shares also were strong.
20%
36
07%
bo
Buying pushed German bonda
ahead, with 032 per cent Potash 504 Hera up £8 and the seven per
107
36% oents up £4 at the close, Reich 794 Loans showed small kalns. were up frac- 344 Japanese issues
tionally-United Press,
107
Die Stamping
The South China Morning Post, Printing Department is dquipped with modern dic-stamping facilitics.
REGIMENTAL, SOCIETY and CLUB
CRESTS & EMBLEMS.
Call and
d
TRADE MARKS.
FAMILY COATS OF ARMS,
and MONOGRAMS.
Potq., etc.
inspect our samples
Orders accepted for Steel Dies,
par Plates.
and Copper
Ring 20002-ask for Mr. R. Labrum
SOUTH CHINA MORNING POST, LTD.
Wyndham Street,
No comments yet.
Private notes are available after approval.