1956-01-12 — Page 9

Page

THE CHINA MAIL, THURSDAY, JANUARY 12, 1956.

TRADE and

COMMERCE

WORLD Persia Orders First Two

RUBBER MARKETS

The in th

Sat, Jan. 11.

d pooling Now Yk austeri

bul

444

1 wer

19!

L

and lar

11-117

HONGKONG Tankers WORLD

STOCK EXCHANGE

(From Our Correspondent)

25/1

☛ 1

M

NI

Jan 7 1 blanc po

ELL

J. 1

No 3 NI

112 113

ch, as she died

Black

[ 1:9

1200, 1004

NEW YORK

Future

4 to 45

Busana use in the HR-

Ex bang Sock #mount to $350,

qu

11.5

and

Live

with -

324

ans

feneral D

1.4

Fa

५

TIK Bank

JSSURANCEN

IN

M. 429 t

TH

dul

21

Futu

Ma es

A

Jud.

LONDON

The tanke

wi b

"

NOR

Fest Apters

Mitch

Api 12

Jul Sed

tu{;』$Jན།

J.

FORNIREA

J

-10

יד קו !

ון, נין;

3)

IN

OIL HITHERTO CARRIED

IN CHARTERED

FOREIGN VESSELS

Rotterdam, Jan. 11.

When Persia takes delivery here in

Į SHARES BUYERS SELLERS SALES | two years' time of the first tanker she has

1

A WOLT

; 、

J

T' '

1

2015

144 35

tk

NEW YORK METAL

FUTURES

They als

རྦཱ

1.

T

7.1

Cupper in

Feb

th

1111

1.2174/6

|

3713

4023

37,

ونالد

الله لا

ever

ordered she will be making an experimental start to building up her own tanker fleet for the first time in history.

Until then the millions of barrels of oil which Persia produced every year will

- have always been transported to all parts of the world in chartered foreign tankers.

Not Perza has del two!

1. 1

100Z

1.

TY

19.3

*

3

1920 1919

27.

2 13!

37 580 N

2329

Cu

2143

takt om

V

1:14

104 1

MAY

22 4.1

it ..

4 Shivan Downing ba

Th Jame

own

1. J...

107

a

+!

1 Gt or

Bob het 1 4057 Tandr w

14 dłu

by th

Lagt (NF49 30 1680

',

.

149 & LU

1

IN

TRIALS

3

SORES te

PRONS

£

MISU FULANEOUS

Af

57 119 34 75;

311

: 2010

+

גכי זיו .

ין*

1

of The

200 25 k

LONDON METAL

PRICES

371

ד'י . *

זיין

Wur

help Purch In lusitis 200k back their tret

Pr[r

Long Period

bas

3 fem an arrangemal v

London Stocks Sag But Recover

London, Jan. 11,

Stocks continued to saf

the London

at fat aliows her to pay mi Wortes

treme to slepend 4 "

financing agreements to other: cruntules as to the sped with which her new tanker f Cong. but

ball up. Mr Aldo) Hosten Meftah, the Persian Mials or

171 Holland. said that his country was plunsung to order

more to ke in Britn

Ir the dancing can

Tanged."

Minkig

G: verum m

¡

COTTON

MARKETS

now

New York, Jan. 11. Cotton futures moved irregularly today in | mederate active dealings with nearby deliveries

and rising months sagging.

Realine mill buying absorbed moderu’e hedging at the open- ing and prices moved narrowly on either alde of the previous close.

crop

The old crop months moved upward later on Increased mill buying, while the distant de-} Ilverks continued to encounter tight front-ts king.

Market observers believe finding in the new crop mon hy for the next Jew weeks will

SECTION

International

Fur Fair

New York, Jan. 11.

An international fur jar will be held in New York City this year, it was - nounced hero today.

1b fair will encompass SH components of the fur Luduny and lo de veraberi as the most important and comprehensive such chtst to be held anywhere since World War II

This

will be otannised by the US Dartment of Com- merco.United Press.

fair

Most Chicago

Grains Higher

· Pagę · 0

Brightest New York Market Session Of The Year

New York Jan, 11, Stocks just about recovered yester- day's losses today in the brightest session of the New Year.

arket, in its second rise of the six sessions so far in 1956, ran up gains of a point or so in many leaders and improve- ment of as much as 3 or 4 points in a few special issues. Rails were strong.

Lokmanyam aus ol www.bri topl

Cexlit S.

Liuwid ar Luna aliji, burat

Vagat

Lamana kuli Con el JAPON

Wall Street experts charae- Corvalidated Edison terised the upturn as a normal recovery after the recent decline, hulped along by the announce ment of three of President Elsen- hower's physicians that his "physical condition is excellent." Chicago, Jan. 11.

Measured by the Dow Jones Most grains finished averages, industrials recovered slightly higher од the2.30 poltils and rails 2.03.

of Trado today, reported to be although they were under in pressure of profit-taking en ries and and scattered

selling.

reflect the day-to-day develop

meals on new farm legislation Board in Congress.

Traders aure

slowing

riporis of loan

Itriere t

ther offee! (4) okl егор deliveries

that the m

now

domestic

, mes age is out of the way. was noted that nd foreign price Axing in the hus increased steadily thee the farm message on Monday.

marby

s

10

hedge-

Word from the routhwest that domes.c bikers bought additional fair-sized amounts 01 hard wheat Bour this morning resulted

of corn and

Trading Of

bd par nattal was

ere an..

jewody, zance Corp. (Lennutal sieci.g

Sex Dunai Muturs

Cloud, but, UL.

Trading, however, tell off with turnover sotulling only 2,410,000 Loan Co. shares compared with 2,040,000year yesterday.

le dafety Razor

Garen 1. F. Ca.

theyun Chemical take Mining Co. ingers,is-Rang Of a total 1,184 rues traded.inn et Co. 700 were higher on the day, 234ncredereal Corp. tower.

Xls

Muthias Machines Int Harvester Intern..onal Nickel

gels anged to overly internal aper 3 punts in Santa F. O had it. Tel & Tel.

£6, al-Mu4] valle Co numerous strong rls. Con-

inental

Kansu Pɩwer & Ligni more than 3. Rena-cott per gained Anderson Pilchard and Amerada eit Meyers fob. Co. more than 2.

demonet in increased for wheat futures, Dry weather At the clove, the list ruled 25

conthucd Over the winer Algher to 19 poin s

wheat belt. Opening prices were sig hlp her three lower. New

Considerable emcunts of wheal were and abroad by US and | Orleans clusti 23 higher to four

expo 13:3 today, day's lower.

niong with interest mallor open

Amount soybet Ba

The US refined market

also was the with

fale pounds of ol to Spin and ante to po-pects of sirailar 1,622.700 bates | Spain in the near future.

Wheat closed unchanged 10 off % etat; roybeing

MAY

'ocks and British streky ouen:d weak and retreated aling a bad tren, Then the Guver- ment stocke Brmed and recouped May

lity October December March

4 to 1% centa,

+

Lucakera Austan Loews Incorp. Leno St Lement Co. demund for non-Louisvike & Nashville

lifted | Laws Sons,

Matsaus tiun Colp. than 4 points.se Mining zuely 3 and Alcon manon Development

There wis (Parious metals which

Reynalds nev soybean oil Kenecoll active today, and Curro De Prico a point or mon ante Chemical Co. of 20-million snore,

now of

Prices per bushel in cents: CLOSING PRICES

Montgumery Ward Motora loc.

NaLunal Cash BIL Exchange National Dairy Prod.

Natissal Dustulera National Lead National Bleel Corp. Exchange New York Central

Olin Mathieson One Elevatora

New York Stock zond volume was $3,500,000.

American Stock volunte was 090,000 shares.

Dow-Jones closing

Wetc.

30 industrials

20 rails

15 uues

averages, Owen-Black Glass

Pacific Gas & Elec. Porine Western Oll 478.42 Pan American Airways

F'aramount Pictures 10.71

63.60 Parke Davis Co.

Penny J. C. Co.

crsis

HO by

it per tis trap-

today on

hang but managed partial

recovery finished above the

Ex-

pon's GWT.

n

this lows.

Volume

vard

were:

Merth

over a passible rice

Mirch

velume

27.000

Opening interest

Jin 90

1

{t ←

na kila

End Jas ■ 1

were

New

11

Y

City

Mu

at the anktones the b.1 | raje and uneertalaly a long paled.

ver Wall Noreet

May

24,300

530,800

recent dev slopments in

July

30.200

20.000

continued to cloud

Det

10,100

300.100

Dec

ja pea

03.100

x་།།t

Price of m

1

serbag

K

ton

215

she can reach similar the cutlonk.

Mar

12.300

103,tro

May

1,000

24,300

wdown

1573)

.:

MIK

H17

3

204

4 25

{"

I'

111

11

10%

3

375

370

12782 :

Balf an

11

Apu ze

the recorded.

some

Industriak felt continued well- held losses to around A few g na 9.

Amaunt

Tula

133,800

NEW YORK

were

Prices of . iures closed today

116

s follows: Spot

39.251

776

Api

114

116

Mich

2424

- half any

1064

33.01

Apr

DE

32.65-60

Bu Ned Prese

30.08

30.70

30 62

Whent, No. 2, red Epot

65 lucku

102.44

214n

40 benda

Penn, Salt Co.

90.00

ւ

Comm. future price index

Philip Morris

123.10

MAY

2071%

Comuni spot pice indux

100.47

Philips Patrolium

Prices of turer closed today

July

1987

Moody's index

Sept.

rs (ollows:

38.00

March

3124

Corn, No. 2, yellow

Closing Prices

Spel

129***

34.67-09 Mine

1301%

Alden Inc. Aug

$22

Ailled Chemicals

30.00

Mey

134-13:17

Alika Milia Inc

30.76 July

174

Sept

1974 1301

Aills Chalmers

07

American Airline

23

30.00

Eve

A. Mach. & try

251%

American Metal

Auth

LIVERPOOL'

Mar.

124

American Smelling

Future clus.ugs, in pence per declin.s Ib. were as follows. matals Old contract Mar/A

May, June Carler. Dr stocks

July/Aug. pased in quiet Tende | New ventruet MyýłJune

May

1.25

American Tel &

Oats

24.30

22 77

24:30 Many

Mar.

09-14

23 53

July/Aug.

20.20

Soybeans, No. 2, yellow

Qet/Nov. Dec/Jan.

24.10 Spot

2421

23 53❘ Jan.

Egyptian Karsisk Jan./Ped.

41.09

May

July Sept.

24014 24412 247-2485 74814-246

Booing Akplane

Barley,

0.45

28 40

20 09 31 60

New York floor

200 lb. Anck

$13.100 United Press.

CHINA'S DEBT

TO CEYLON

China

Colombo, Jan. 11.

than

nwed Ceylon

more

$11,000,000 at the beginning of 1956 in the controversial rubber-for-rice trade pact between the two nations, it was learned today.

WAS

trade

The two ingkers would be of about the same size as those wrted in the Ro ezganı W yurs, he sale.

But the Arse, str.si re

abl: importance of being

to

Clain suitable log na by B Italo

ง เ 3 part of their lessas

Golds Decline

back After at Sp ty, with Sell Tram Lur he Construction of these part

mejor lost. Royal Jur tenkurs before they could

Bu. cluber 4 โม

Der erzber "Financing ordered.

Their Bu mah and Bitch Prolium

March uuilding a cur male problem,” tam dad mingid to show May he atted.

gins at the cine.

Gare, fit hed with x- Tive The won. E Pozelan

theth ! k expreted coretan kon if her own tankerjako wer fler would be tore reomeralend | giacrally in the long run than charter - | Jeg ing ankets, But the results with a small number of

To Be Studied

er would have to be stret deficit

flot bitore it could be deel:..

Persian £4,000,009 | how large the future

tanker fier would be, the Minister said.

Sources said that China's

U | estimated

than more (US$11,200,000) and that this was causing some concern in Ceylonese circles.

The to n} defcit would have Ceylon government rallway in been even greater, but la The part exchange for the rubber. irst week of December, Ceylon United Press.

purchase 1

from China 7.000

trotzs rupar at a ton of wheat £250,000 (about US$700,000).

It was the first He tha' Ceylon

purchase rar from

the Chinso trainland. The price wou describe 45 "cam- petitive."

Seme quarter here belleved that China

dellberatels WB: allowing the trade defcit to in- crease so that Ceylon would he forced to import products other then rice and thirs give the Communists

n Krenter tradu

entry into this country.

It was known that nego!lo- tions currently are in progress between the two nations which China offered other com- modities.

Wheat Flour

Sino-Italian Trade Talks

London, Jan. 1. Italian and Chinese trade ex- perts met in London today in a preliminary two-hour seien to орсть series of discussions un trade possibilkles between the two countries.

An Italian

The new tankers ure to he churtered by The National

Peirian Of Com; any which is managed by a consortium one British, cnc French,

Dutch

and Aive American

petroleum companies,

Details of the ships building

وا

bonds. In foreign

I pape were mix Jind GMIN, Show - da low ke 21 or more. - Grand F25

Singapore

Stock Market

Brokers

Singapore, Jan, 12. Today quoted

here are curve for the ship-following stuck prices: yard

reluscs lo cycl B:.Y specifications until they ALC launched.

the

Opening Bana Lintong Rubber Co, L16. $1.53" Brth Free Fetroleum

Syndicate

Conte Prated Tin

Smelters Ord.

Sa.pping circles say. how- ever, that the tankers wili probably be very similar to the standard types ordered by the berekeng & Shanghai Bri ish Petroleum Company 17 Brilleh end Italian shipyards rrently and which are of the same size.

Frater & Nerve lid Ord, Frarer & Neave 15 cum, pret #1.85

Rengkong Tin Ltd. Kempas Ltd...

NEW ORLEANS

SAO PAULO Futurea elisings, in cruzeiros per kilo were as follows

MALL

May

July

Oct.

Dre

In the United States, the average price of 15/18 middling Colton at 14 designated spat markets was 33.90 cents. Sales intalled 26,515 bales

KARACHI

20074

23014-

120-14011

WINNIPEG PRICES

Winnipeg, Jan. 11. Prices of grain futures closei today in cents per bushel as follows:

The market Armed up today due to good ready business and Dats

con- light position in January treet.

May

30/

30/- $1,00

Jur

There wer

rumours, about | Hyv China enquiring, but Chinese quariera feluted some. Pr.ces

1026

closed in rupses per maund as 704follows: 62.03 4P Punjab roller gin

May

Ort

Battey

May

72/17

JY

63/12

Oct.

RIZZ

Jaxiced

1/4

May

BYB

July

United "Press."

saw in

Juras Richter Filates Ltd. 12.10 299- Sinder

$3.47 Malayan Breweries

280-9′′ Punjab roller gin

New Serandal

Hiber Co. Ltd,

$1.05

Petaling Tin 114.

$4.70

Ties Hotel

$2,33

Sitgeprte Celd Storage

$1.00

Soth Brit

Three Coasters

The Verolme yards ofe also tho building three coasters for Embassy spokes-

Insurance Co. Ltd. Persian Shipping Company Straits Trading in man

stid later "the talks are

under the seme condicions. 03 Btraits Etcemchip informal and nothing concteio the

tankers.

United Engineors Ord. twe

Weare Bros, has been discussed.

"They are exploratory tales coaster is dus to be delivered

next year. to consider possibilities of ex- "panding trade,"

The

talks were originally

The Arst

The Vercime yerde are con-

bere 015

one of

Echeduled to have opened yes

diplomatic

China already has offered to terdsy but, were pui ponad. Dell Ceylon considerablo quan Italian

circles titles of wheat flour and price | staled that they dro a renewal nipotitions fre new going on. of contacts between Ambassa

ders first made in Geneva

Although Ceylon, who was re-

Nations, has been criticised for

cently admitted to the United Auguri 13.--Roulez.

her rice-rubber deal with China,

a government spokesman said

on

the

Jn

and most go-ahead

though they were founded only in 1946.

Shipping circles

$11.05

$34.31

12.01

China Mai Special.

saw m

024

86114

Wheat, No. 3, horihern 1814 rents; No. 5. 123 cents—United

New York Sugar Fres

Market

New York, Jan, 11, World No. 4 Lugar futures io-

unchanged to

day closed

one

London Foreign, point higher with sales of 127

Exchange

hore were surprises when they heard that kèrsia was for the drit time going into the tanker business-New York

Montesal |---bul not surprised to hear tha;

Bruzies Mr. C. Voroime, the Con Coperingen pany's Menaging Director, had| Fränkturs

Arst Milen Patis Innkers.

Stockholm

Prvas.

that the present polley was to New York Foreign red the order for the

buy from China whenever the

unists offered goods in

Ceylon was Interested at

compellive prices.

The spokesman said that the government's trade policy

A

Exchange

Now York, JA, lo England official

$280-11/18 30-day fullures ward Chlin.. WAX

2.601 necessary

00-day Tucure because of the large balance in Austrela

2124.9/10 Ceylon's

particularly | Now Zealand feyour,

27639 since that China purchased at Routh Afries

Holand premium pricas, 60,000 tons of Forturik shem rubber,

Rain

other; worn.

Chinn also hay; -offered. in Uraguay

· supply steel caslings ♬ for the press.

Keel Laid

contracts.

Scandinavian

Customs Union

Copenhagen, Jan. 11.

Domestic No, 6 sugar futures closed unchanged to two points

A plan providing for the lower with sales of 39 contracts. setting up of Scandinavian Good business in world sugar customs union embracing 45 per around the 3.25 cen's a

a pound cent of inter-Nordis trade was helped push world

published in the three candi fures higher in active deallcgs, navian capitals today.

The dömenile market WIE

quiet and steady. Futures: The report complied by. #

¡Contract No. 1 (world)

London. Jan. 11.

2.00-2.00%

•130.07%

sif

1754)

wore

unchanged--United

Merch

July

Sept.

Spot-(vents per (D).

Exchange Rates

Jobs Cuba)

Open interest:

Contract NO

the logn1

ratos:

May

NOY

The Verolme" company ora of the "fow in Hollanti which has orders until

hijer 1800 and has had nivre" orders than, the total camber of verha in Re shipbuilding group. Uneficial

Space has been found for the morning at the

However, and string note Perrian order,

V.D. dollar, `ther, the keel of the first tanker i Australien, noter already

Being aid.

Mail. Éspecía).

CAMAR

Padanetian ruslih.

Aingapore: (traits)

American Tob

Anurenda Copper Armco Sir Armour

La.dwin-Lima-flzen

Baltimore & Olilo

Bendix Aviation Cop

Benguet Cons.

Bethlehem Steel

Eordin The) Co. Butroughs Add Machine Canadian Preille R.

Case (J. 13 Co,

1. T. Financial Corp.

Cat. Tractor Celane e Corp.

Chase Manhat. Bank Chile Copper Chrysler Motors

Colite-Palmolive Co. Commercial Credit Commonwealth Elec.

Procter & Gamble Co. Pittsburgh Plate Glam Publicker Inch stric Pure Of........ Radio Corporation Republic Steel Reynolds Metal

Shell Oil Co.

344 Balnt Reg. Paper

Binclair O

Socony Vacuum

Soulli Perto Rico Bugar Routhern National Gas 30% Southern Railway Com.) 103 Standard Brands"

80Standard Oil of cal 70% Standard Oll of Ind. 50 Standard Oil of NJ,

Sterling Drug Co. 142 Stokely-Van Camp.

47% Studebaker-Packard Corp.

Swit & Co,

li

Texas Co.

157T:de Water Ass, Oll

1024 Twenty Century Fox rúm**

Union Carbide 20% Union Poelde Raliway 51% United A'rcraft 17% U.S. Gypsum 40U.S.-Line Co.

50.8. Rubber 2014 U.S. Smelting BOU.S. Steel

Warner Bros.

62% Westinghouse Electric 08 West Va. Pulp & Paper 5% Woolworth

United Press.

A NEW COMPANY?

From the word "GO"

place your printing order where you are assured of personal attention, expert designing. the finest materials and craftsmanship.

From Articles of Association, Share Certificates "fo Letter Headings and the many other essential items, consult the Printing Department of the South China Morning Post; Ltch

Call in at any time

and examine specimens

of quality, printing which,"

commilice, of experts from Denmark, Sweden End Norway

will be the most important point on the agenda at ho forthcoming mealing of the Nordis "Ectinall" opening fn Copenhagen, on January 27.3.

the shall be proud to show you.

Morning Post Building

Wyndham Street,

20002

@. Epet-lonnta-per-jb, aft

: Open Pinterest) 1067

At the mome time negotia Ubris, are continuing on in ad- ciliccini: 20′′per, cont of the mulusi tradé to bring iha pro- „posed- customs-union-up to 85 per cent required by the terms of GATTI ----Beuter, h

Make an appointment with Mr. K. Librum,

Printing Dept.