1955-12-20 — Page 9

THE CHINA MAIL, TUESDAY, DECEMBER 20, 1955,

Page

WORLD COTTON MARKET

New York, Dec. 10. Cotton futures moved Irregularly today in slow

dealings.

. The Ent 3 เ

+IX prants

higher to 10 pouts lower

marked opened

The

MEM hugher to Reven lower New Delema Futures Batud one point higher 1. events puita kwen Juicen

1st back

Nearby montha naved up an much a 80 cents a bate my early dealings as trade buying absorb. ed hedging and hauldalon, mad now erop tenths aed on Lachi pelling

A leading spot Arm reportat antil quatro, in the Apuh an wete mete numador this week It added brawny a tad very Fost males were motr

be that very hitle Toying well The dom

Jays

The

Memphis mult

fow though she

Che holl

[

www

*Lace fra prompt cost tirspu

TerchapemenEIN

The feat

York roo 12 bab

Joke

Volume and

termle wo

Manila

1

Na

Cosen interest

11 200

420700

543 100

Der

Mar

* 100

May

Juls

17 100

e'

I sa

12499 11

Des

1.20

Mar

WORK

17 1+

May

Tala!

104,900

THI 12.300

100.000 1,001 200 Index

NEW YORK

TRADE

and

COMMERCE

SECTION

1955-Britain's Best Year RUSSIA'S GOLD:

MORE OF EVERYTHING AND HONGKONG | Ceylon To Keep

FULL EMPLOYMENT GAVE

HIGHER LIVING STANDARD

From Our Economic Correspondent

London. Dec. 19.

Whatever doubts economists may entertain about the trend of British economy the average man-if he thinks about such things at all can look back on 1955 as the best year of his

life.

Reviewing the scene from his viewpoint the outstanding It is fair to feature of the year was the fullness of employment.

say that unemployment in the sense that ablebodied men are unable to obtain work if they want it--is virtually non-existent in Britain today.

1

Houghly a bodf of the working. peal. Macour band wage dierenses Jurtout lang overall mallem week on eight shalloggs acart And although we or 12 xtra FRITI

alasoor bed hugher

ך דין

}

3

something left ove

Bensinsiption

1. nesse

The d

sole enn- Cathed hour per cent are govis nel cereres itt The Asd hair of

VODE

!

in the quantity vd house- Later gung, for consumijalom hold Konc

case showed jare nist yet aviable, but par down to about four um rent in liminary estunates gred at teend was in the The general upward the seement per al from eper ter fro 139

house-

Through vitam p maintained hold goods were purchased than dustries were reporting tighten

conditions owing

1 the dil The Be carme peruddl of 1854

"squeeze" later in the wear

Chatpurt umerenesend five per cent

li that test une monille ook year partly IN

ull hugh productivity

According

you

ant

1

frereusen

of purchases clothing and tandwear over a

Pathart

AT ISINT ander thuen pereal an the Best half food The amount

to the Treasury, it would appena bought was four and a half per that output pre man has risen cent in the first quarter and by on average by about three per

In the second,

This was less than per cent (

while consumption of fuel and 1954 and other good Justwar light rose rather more. Bigger years, but abant average Treasury tear sales Becounted for part of 1948 report, by far the bilgest rate the mix per vent CERTAIN al

in the first quarter consumption of other good un.!!

trer

[1

Press

d

Capture 」{,"q"}, ༈,「"、

tharo

The Mi 1954 Average cont

wen higher by jay leem Duree on four per cent su nutually expenditure was higher

FIL

ye

as follers

by

MOVED DRI

cen

Bl

Ma

May

3374 37 83-80

Acentding

July

Ori

אן

Mai

May

NEW ORLEANS

PR 24

Piles of futures el sed teada:

as follows

Spat

Mar

May

J1v

Ori

Der

Mai

MAT

Closings,

LIVERPOOL

were as follow

Old continet

Dee./Jno

Mar/Apr

May/June

July/Aug

New contract

May/June July/Aug Oct/Nov

ENylon Haitink

Jan Feb

peter

-1

30 54

#74

32.05

2005

2942

2040 4190

28.33

150

24.00

39 40

SAO PAULO Futu

Closing per kilo were no follows;

March

May

July

Ovt

:

11

CTUZLIJE

27.40 27 Do 2010

20.00

In the US the average price of 15/16 núdilling collons at 14 designtent sp markets 33,70 cents. Sales totalled 40,968 bules.United Press

Wils

New York Sugar Market

World No.

closed

sales of

Fal -

KAKE CARE

year

34

14 per cent

services

vent.

Summing Up

STOCK EXCHANGE

(From Our Correspondent)

Business done on the Hong- kung Stock Exchange this mono- ing amounted to $800,000. Nom quotations and the morning's Taminetions:

HIGABEA UYFHN SELLERS SALES

BANKS

1K 1920

China Pact

Colombo, Dec. 19. Ceylon does not intend to give up ita rubber paci with China under a new status as a thember of the United Nations. ES learned today.

WAN

Although rubber

the Kirategic

Bual whose export to

ma

Communist countries

opposed by a United Na Wons resolution, Coylou takes the position that it be not bound by resolutions. adopted before it becure

UN meinker.

1290 1919

J. 17:51 1130

P

INABHANCES

02/0

4010

J

SHUPING

Urban W braal 209 jun

tak KM, Bre

1 Wharf

t

$3.th

2020 PUDO 12(2)

Th

300

Wed:

39 #15 1000 Corka

..

R 40 11:35

LAND IN

INS Hotel

ST

12941 (* 1000

1500

18 ponga

TEL. Mitt

W kona » Dal

4121128

እ

ifrakstur

Tom

UFTULITIES

Tru

1213

901 9744

290 290 400 4

138

23, 200

3080 4 2 74 730v 23.40

21

SIPPY

SINE Ferry Vaiati Pers

Laght 101

Electric

Teleplwo

100

23

411⁄2 423.

So for we have been looking

at the British economy from the average man's point of views

New York Market

Turns Irregular

New York, Dec. 19.

With nothing new to stimulate interest, stocks turned irregular late today and only a handful of Issues moved as much as a point either way.

Trading was at a moderate pace, with turn aver totalling 2,380,000 shares compared with 2,310,000 on Friday. Of 1,171 issues traded, closed higher and 433 lower.

Measuri 1.

Averages,

453

To sum up, he had secure tin- Įployment. he worked harder and earned more. and despite Thigher prices C consumed

Inore. On the whole n pretty

Rood year.

From another viewpoint how- less happy

over,

there was

state of affairs.

Despite a warm summer and June

strike coal con- railway

"sumpties in the fret 43 weeks of the year increased by 800,000

lona. Birl coal oilpat was lower by sume tree million tons.

шк

To fill this gap between eon- sumption and production to build

storks (10) acepute eight million tons had to be im ported. This alone added £5 milling a month to the nation's import will in the

Bre months of the year; and steel and "non-ferrous metal imports gas ench

added a further million a month. Together these

Continental Out of Del Cora Pendants

101

23

54

Crown Zellerbach. Oy ban Amer. Sugai Curtis Wright, Diamond Alall Dow Chernel Dupont de Nemours.

unudustriako kocke and stalls Conno were off but, this up slightly.

Stock:

-uutios. :10 portab

dis, pared lay demand the au Bocoing which held more than a point of ten varty wicke goin O news of solution for the problem al olse. North American Ayla tion and Douglas added then post each

29 three items added acenunted for

over one Bird Mf 15 per 4014 31Increase in imports

2014

INDUSTRIALS

learned, Wa

Prime

* WAN by voterd Minister Nir Jebu

Kotelawals

& receni Cabinet session called to Klen discuss the problem.

Lo s involved in the

Ceylon

trade with Chinu but is not in the lid of strategie maleriuk,—United

i'res

A SHEER GUESS

By Sydney S. Gampell

London, Dec. 19.

The world gold markets have paid no attention to the reports that Russia has an "immense" gold stock of about 200 million ounces, and an annual gold output of at least 12 million ounces available for a "rouble offensive" in under-developed countries.

Bullion dealers said that any estimates of Russia's gold were sheer guesswork. Nobody outside the Kremlin had any means of making worthwhile estimates.

Union Corporation und Samurt Montagu & Company use guesswork gure of two milillos Lounces for Russia's unnual out- pul, but this is only for the pake of putting some figure into their compilation of world out- put

I

the

Other nuthoritles, including Bank of International Settlements and the United States Bureau of Mines, have stopped quoting any figures. Exceptional Sales

WORLD RUBBER MARKETS 1054

New York, Dec. 19. Rubber futurs Today closed

75 to 120 posits higher with sules of 348 contracts.

130 22 400 411 20 of 411 was 2333 70 1000 331

Buying in the futures market KORITATED by higher

1800 325 prices

grude

for Brimary markets.

were credited

יניו

rubber Manufactur¬

with subse

<

2,362, 240036

buying

STORES, ETC

DRITY

Wotmens

1

Spoi No rubber 18,

154

5.10

600 19.20 quoted

214712ally

Mufures were

134

March

MISCELLANEOUS

Yangize Abiod

d

Taly

May

3 43 9 45 JUO W *)

Sept

DIY

Singapore

Stock Market

ents

SINGAPORE

was

The market

40.00

41.00

30.00

17.00

14 AD

dull with

11 Interest 1111 mclined 142 sag on lack of support. Futures

were:

No rubber per 16, Sati

Feb Mar

No rubber per ib Jan, No 3

No. +

Spot rubber untried

LONDON

The antes crepe

Singapore, Dev. 20. Br... Kers tettuy quoted folkwing stock prices: Batu Lantong Stuber C

30/

No. pete crepe

137-1271%

12516-1234

unquoted

123-12 1221-1234 110-117

12016-1203

Kn-Fod

137-130

The market was very steady with spot quoteni at 36-13/10 pence per 1.

My

For the previoun six yearn inhe had sold virtually none. At various times, including thin she has subjected her year, populace to euadderütile hord- ships, for the sake of her in- castriatisation and urfence pro- grimine.

Acute Shortages

if le had had immenso quantities of gold to spare, these hardships route easily hayo been, relieved.

CIF-

Tun

Also al varlous times, she has There 14 very strong

neute shortages of cumstantial evidence to suggest foreign exchtunge ond difcuttles thest

the agre in the press in her trading agreements, which

highly exag | she reports

could have resolved by gerated.

asing a Hny fraction of the re- Bustu ling never neled an If ported

amounts of

of gold. sho

On occasion, such a stock of he possessed

rome Westen countries have had to suspend deliveries of goods that Eastern countries needed until the Com- munist states could scratch to- gether enough goods, and foreigna currency to clear off their out- stending obligations. --- China Mall Special

At the vnd of 1963 and curly she sold about four Endllion ounces of gold to meet pressing Import bills which she evidently had no other way of meeting. These exceptional.

sujes were

P&O B.I. E&A

COMPANIES

PENINSULAR & ORIENTAL S.N. Co.

PASSENGER/FREIGHT, SERVICE

Outwards "CARTHAGE"

"CHUBAN" "CORFU"

"CANTON"

Leaves Londen Salled

Pite Hongkong

8th January

14th January

3th January

JEM

1st February

February March

Via Southampton. Port Said. Aden, Bombay, Colombo,

Penang & Singapore

Leaves Hongkong Due Loudon

Homewards "CARTHAGE" 13th

*"CHUSAN”

January

36th January

10th February

6th March

15th February

17th February

12th Morch Dib April

Via Singapore, Penang, Colombo, Bombay," Agen¡

Opening

1.11

31 02

Syndiente Consolidalek

25

Borneo Petroleum

Tun Sueters Onl Fraser & Neave Lad On Fraser & Neuve 7,

port

40/.

Pricts

No, spot

3434-36

Settlement house term

$174

Jun

*121

Fob

2046-3074

ti DD

Kin

Cent

& Shanghai Harlan Corp Heaking Tin Lid Kempa

Jaw/Mar

ย

Apr/June

B/.

July/Sept.

304-3032 241-35 3218-33

"CORFU"

"CANTON"

$12! $3 70 $33xd

Oct/Dec.

Dee

31

Itter

Sh

Jon

Family Finaner Cen

2415

d.

$102

Fri

6412

Petaling Tin t

1+

MOR

General Fooda

13

Rattles Hotel

$2.39%d

General Motors

IT

1+ifat's

10

Stupor Cold Morage

$1 CHE

Gen Pub

bulance

of trade.

In the feat

South 1.1azhi Tosutanee Fe

Gillette Safety Razor

403

Günden Co

nine months of the year

the

Lid

$27.00

Goodrich BFQ

a

8015

volume of exports was up

Struts Trading

$25 75

FIX

Strl Sternwith

$13.10

| Goodyear Tire

3

United Enginemis Ord

310 10

No. 1 ruther

uently 3

Heyden Chenicol

Than 4 year

We

Bro

82 70d

No. 2 rabbet

24

No. 3 rutier

Steels Easier

M Byen

Kastank Rodink

El Paso National Das

Erie Bailad

General Electri

points and heal more Mann un Inger-Rand

and news that General Tyre

المارة

Irinud Steel Cb, Interrheinend Cont

Tyre Int Harvester

International Nickel Intensational Paper int Tel & Tel. Jolin-Manville Cu.

Power & Light Kennel! Cupper. Liggett Meyers Tob. Co. Lockheed Alcorüft

Incar

New York. Dec 19

4 sugar futures closed one to three points lower | Rubber is negotiating to acquirenti Business Machines with sales of 19 euntrela

the company General

gr. Domestic No. 6 sugar futures | Peined more than

Steels were cast. unchanged in one point with

Aluminium

fell more than 4 points on forecasts for production cutbacks and lower earnings next year.

Kaiser Aluminum lost nearly 2. On The American Stock Exchange Kaiser Motors dipped a bli on heavy turnover which included a 10,000 shre

tints

Both the world and domestic future, mørkets ran their umunt courses as the quot news re- ceived on Friday failed to stir up any activity

Futures:

Contract No. 4 (world)

Spot-teent pel lob (in)

Control No. «

open-

31 LOK after ANNOUNCENIent of 3.14

Henry J. Kaster's plans to con- 317 sulidate all his vast industrial

empire into tlou

New

DIE HUM

corpora-

Lame Star Cement Co. Louisville Nashville R Lowenstein & Sons.

Meraht fron Carp.

| Monsanto Chemical Co.

National Steel Corp.

York Stock Exchange New York Central.

Murchi

Muy

July

Sept

314

Moreh May

5 30

July

Sept

3.40

Spot-teente ne i ett NY

ex-luty

5.30

United PreM.

Dow-Jones

were:

20

rajl

LONDON METAL

The tin

steady this

motala

PRICES

London, Deg. 19.

0144

404%

Chemicals Gain

Additional exports were able

to only part of the big gap

which opened up

per cent of prices averaging 1

189 per cent higher

earlier.

Chemical industries made the

ses biggest gain in a sales abroad with an increase of 14 per cent,

409

BI

ki

304

Luna Runter Estates 1ld Malynn Brewerige

New Setandoh

Chu Mall Spectai

trades New York Foreign

wille

using melal secured an eight per vent in- creuse in value of their exports of machinery and electrical goods and slightly smaller increase in exports of road 521 vehicles and aircraft.

t

The textile industry experi- enced mixed fortunes. Four per cent more woollen goods

exports

were

cotton goods were down by 14

lower by 10 per cent.

Another significant change in

the industrial front was the enormous increas

Th

Minnewain Mining

100

old abroad, but

Mission Developinem

30

40

per cent, while textiles made

Menigomery Ward

14

of synthetic fibres

were down

National Coals Reg.

A

3315

National Dairy Prod,

National Distillers

2014

National Load

10

71

431

Bo me

70

pland, The area

By

c;

20

1716 Cr than

41

00

4014

4 bond volume was $3,490,000. Olin Mathieson

Slok American

Exchange Oils Elevators volume was 1,000,000 shares.

market was barely

afternoon.

fteady, were

Other

Prieca

closed today in sterling per

long ton as follows:

Tin mot

3-month

Copper spot

enthe

30 Industrinin

[in vtilites

(0 bond

Owen-Illinois

Paclie Gas & closing averages | Paclite Western Dil

Comin, füture mico index Camm, or price inzer Moody's index

Closing Prices

Allel Chemicals

Pan American Airways

401.00 Paramount Pictures

101.12 Parke Davin Co.

64.al Penny 3, C. Cu.

170.50 Bern, Salt Co.

00.04 Philip Morris

139.04 | Philips Petroleum

101.74 Procter & Gamble Co, 407.30 Pittsburgh Plato Glass

Publieker Industries

Pure Oil

Radle Corporation

Republic Steel

Reynolds Metal

$11 Shell Oil Co.

saine Reg., Paper

Southern National Car ...

buyers

wellers

All Mill de

34

1321

All Chalinzers.

991) | Aldclair bit

B15

04

Amerten Airfizio

24.

Bocony Vattnin

403

403

American Cyanamke Co.

|Bouth Porto Rico Sugar

300 3001

Ain. Math, aľ dry,

28

Bouthem tallway JCom.)

117%

1701

Mtamular Brands

50

Blandard Oil of Cal

0610

72.

Standard OR of ind

B3

Standard: Oil of NJ.

Lend 2nd "half" Dec. 17% 113

.Zino

2nd

Mar. 1139

Half Dec. 00

Mar, 03

Sina

Amerienn Metal American Tel & Te Ainoricon, Tob, ."n" Anaconda" Capper

Armour

United Press. Armco S1001

NEW YORK METAL Aviation Corp.

FUTURES

New York, Dec. 19. Piles of metal futures closed In cents par 3b, as follows:

Land: Die.

Jan.

Tin Dec.

Jan. Zirle Deo.

·Copper, Deo.

Baltimore & Ohờ

Benguel Cota, Ilothlehem sinol Bontl Airplane ani Borden (Thaj Do. Burroughs Add Marlino Calladian Pacile

283 FINE) MERCE

..

C. 1. 7. Financial Corp.

Cat. Tractor .....

Crinum

Curp

Chase Manhal, Bank is

Chila Copper.

Chryster

ヤ

131 Sterling Drug Co

Stokely Van Camp,

44Studebaker-Packat Corp.

Swift de Coi

1024 Tidewater Alan Ou

Twenty Century Fox #in Thion Catilde th

sitway

244 Unless Facing

United Aircraft Us. Gypsumr Us. Line Co.

21USTUDENS

Wast

Invest-

ond of industrini

ment in new factories

Exchange

Engianul official

30-day futures

New York, Dec. 19.

$3.00-6/10

2.79-29/32 90-day miuron 2.79%

-United PrÓKR.

London

General markets, etf busis, ports:

305-30 365-373

unquoted

al inquetetl AMSTERDAM

The market was steady leadus. Prices closed in guilders per klogram eit Jao. us follows:

Nu crede

341 340 3.70 net. United Press.

London Stock

Stocks

Foreignings

Exchange

New York

Montreal

Amslerdin

building started in the first hall Frankfurt

of the year wis two-fifths big-

a year eniller and

production of metal working

machine toola for the home market

was higher in value by 404 16 per cent, Wii order books

28

growing a good deal faster than machine tool production orders.

or hand al ild your. wero higher by 32 per cent, while 45approval for factory biddings 48 by the end of September were

up 45 per cent,

03

Main Factor

more than It was this factor any other which accounted for 100%, the péralistent drift towards In- ni forted

DI

fintion during 1953- Doss the government

100 measures to keep industrial ex

10

adopt menageable

19

1011

60% pansion within

Klaban

Milan

Pats

Sluckiulia Zitrieli

Diners

Press.

wore

London, Dee. 16. 280-3/16-2.66

2.00-3.00-1/10 10.823-10.03 11.73-11.73% 10.00-20.10 1750.41700 REZT-1123

145171452

12.304-12.25% anchanged-United

Exchange Rates.

Market

London, Dec. 19.

closed mostly stendy in moderate deal- Un the London Ex- change tony,

Leading Industriais held their ground, although heavy selling hit a few issues. Unilever clos- ed more than a shlling lower, and Associated Electric almost as much, Others moved narrowly.

Jast

feature,

Shell Oil Was spurting almost two shillings, and Royal Dutch elimbed 'about E. But other olls were quiet for the most part and showed a number of lostor.

Government stocles British were idle, ohd Anished with a fey small fractional declines.

In the foilgh department, German bunds were in demand. Polush lleis Juniped as much as Day and the Young Loan frsues showed strength. Jupanese, were weak, with 19309, and Indonesian rupiali per 200) 10,8 Tokyo Eletrie off £1, or more, Slam teal (per 100)

28.70

180) --United Presą, Bingapore stralin)

Business was dohu in the local Lofficial

inarkot exchango

this morning at the following rates: U.A. dollar (per 91) ............ Sterling notes (pór 1). Australian nutes per di)

4.62 15.25 17.37

MESSAGERIES MARITIMES

PO Box 53 Queen's Building 4 Th 26851)|

Intl 473) At the close of 1909 British 117 economy is in a stale of con- pict with government's creati 107 #que#20 pilled against forces of 17Disinflation. On the outcome of VIETNAM"

struggle will depend"] »MAS at whether Britain's economy chil dihnew 18 expand By,salo

and! faday, staged or degenerates into

ugiftefeating w

With orlow and wastes Chasin

***Londres - Express & Berm

FAST PASSENGER/FREIGHT SERVICE

Balling Do6.

Jan. 8th

10-Marketites'.

FAST, FREIGHTËSERVICE:

Part Bald & London

* Atco Calis Diaraoilies.

"SOMALI”

FREICHT SERVICE

beads title Jan

"BINGAPORE” due

6th Jan. salle 7th JAN,

for S'pore, P. Swetten- tott, PSIA. Aden, Post Said, Genoa, Mar- sallics; Havre, London. Hamburg, Rotterdam & Antwerp

from UK. for Japan

With liberty to call at Belawan before or after Biralts Ports and ạt bómbay it inducement offers.

Tanks available for carriage of Oil in Bulk, Space for refrigerated cargo. Limited Passenger Recommodation

ད

Chit-

BRITISH, INDIA S.N. CO., LTD.

"SIRDHANA" kalle ath Jan. for Singapore, Penang år

Calcutta "WARORA" gals 10th Jan. for Singapore,,

tagong de Xiangoos "SANTHIA" due 10 Jun. from Calcutta, Rangoon

& Strails Male 1981 Jar for Japan

P. &. O./B. I. JOINT SERVICE

"ITAURA"

"OZAŃDA"

"URLANA"

"ITOLA"

"ITAURA"

duo 201 Exe.. fram Bombay mits 27th Dec. for Japan. ane 3 Déc. from Hombay Kalis 31st Dec: for Japan londs 3rd Jan.

joada 8th Jan.

for S'porn, DOMDAY. Sarachi, Dasrali, Khor rachar & Kuwait for Singapore, Madras, HOMBAY, Karachi, Dad, rah, Khorramapang Kuwait

loads 28 Jan. for Singapore, Coloratio, Karachi, Darrah, Khor- ramshahr, B. Kuwait

EASTERN & AUSTRALIAN 5.5. CO., LTD.

0th Jan from Australia "ARAFURA”,"dus

alis Ath Jan.'" for «Jayant, (N "EASTERN" toide Britt Jan, for Sandakan. BADAUL, Brkbone, Bydney, Mel- bene & Adelaide (ie

All venets have liberty to wall at any poris on or, „[alf the route '& the route & sailing are subloot to change or amendment with or without notion,

For full particolars appli lo. MACKINNON. MACKENZIE VOO OF HUNG KONG LTD

Telephone No. 2/721-4