1956-01-13 — Page 9

Page

TRADE

THE CHINA MAIL, FRIDAY, JANUARY 18, 1956.

and

COMMERCE

It May Seem Strange That Prosperous Austrália Clamped Down

But

NO ANOMALY IN RESTRICTING

CREDIT

Cotton Futures

Rapid Development Develop Uniform

Led To

Heavy Investment

Sydney, Jan. 12.

It seems strange that at a time when Australia is so prosperous, steps should be

Strength

New York, Jan. 12. Cotton futures today de- veloped uniform strength after a mixed start as the nearby contracts reached the highest level in months.

ון נזי: :!!! יוי:

* The Share Market. At A Glance' ★

Free: 155 Nominal

Jan 3 Jan 6 3 12 Up or

ת10.70

down

-815

+42 steady 9.49n siekdy

3231 +50c 18.206 +50c 17.20

4400

102 A$1

19.700 steady

1.3256-80

2$40 20

ilk Donli Lenitard

1755

1700

1705

1780

55

5840

35b

K7

Union

Das

$70

B001

D00

Underwriters

9.80

9.800'

0.40

Union Wboat

23.30

23.30b

23.30

Wlock M'den

8.40

8.35

8.30

IK Whart

70

бар

28.40b

8.2010 30 +4

RK Dock

29.00

3134

3236

Provident

15.50

18.60m 15.70

ten

IK Hotels

17.80

17.40

17.60

HK Land

42

#8

Humphreys

10.70

19.70n

Tally

Bnished

the 68 16 27 pot tiet

]]

HK Realty

1.00

1.85b

1.975

HK Trams

33.60

23.80

24.60

Star Ferry

136

137A

1870

1n steady

New

12 to of 5 Orloons a losed points.

petris

1

New

Yaumatis

103

103h

TOL

105

+$1

17 to 29

Match rose

Ch Lichtes (0)

22.80

22.80

28

22.30

~70c

Ch Lights (01

10,80 10.00m 17.10

1014

-000

flat

1 und, highest contrac, sines

Electric ик

42

4211

331

83b

Gill, Octyrent

ន។

2013

1314

1244

123%

-50c

3246

-$1

37

3631

~25c

Daly Farm

10.30

19.30

18.30

18.80 -50c

A.N. Wat on

13,30

13.10

13.10

130

~100

Lane Crawford

34

35n

35n

364 -50с

01

Vangleze

fi.10

6.70b

0.65h

5.45

5,306

5.65

6.65 100 5.55

-10c

Testile top Nanyang

.NE

5.86

5,80

7.85

7.850

7.90

5.05b --150 *.850-50

Loadly, hemiby

46 34 45 lovel

anth 17.

taken to restrict credit and limit expen-heating ples were m

and diture, says the Australia Zealand Bank Quarterly Survey. There is, however, no anomaly in this. It is

of largely the result rapid national development, accompanied by a large-scale migration programme leading to heavy investment and hence over-commitment of available resources of materials and man-

power.

cells

il

New crop Exeterbor 1 31 15

showed cumulative 1 122 points.

11F FN

ht Posing before

President's al tarm inenage to Con- mess on Monday.

ניין יין).

Tanding 124 Poverning t

prajit apron..

w....

il

spor su ply satun 18, Konetaled the price hrang

ative power

surent

There has been evidence of unbalance in the economy through a heavily adverse balance of payments, which has been Coop "deliveries. accumulating over many months and has now been officially acknowledged.

The advers

merate son Dawn o

CULE PRES

Alfang in t

1443- as alternative To the rein-

GNET PRk

NOM DE

+

New Crops

New clop maths cosponded to Agricultu. Se rotary a Ben- one's na toa quick Congress

kh the b w ma bil me that some features may be zunded to The 1958 ecop

ben were found |

1954-55 tot contihar vi

The event repons by end- with wel

DV 180 of banking In

1

[1

1

*

it

We wil extenil

The tocalities

avmatatile to

COURTURN HIV

and will then

.:

Bertown about i ene was

小

F2

לידי

un fartunate that du in 1 44 3 10W

Yeah bevy

1471

bey now hot oyer İn

die uit

Although

Tags

יו

Austraba largest rugle Horower from the Insterrort

Bak fot Et

construction and Ir velopment, the furl which hav 1945 rætast from this smiter matunt be tentand in mainly the relation fu grues fatimal pelle-

din

·

י י :

Local Capital

2

ויו

bax

{LIU6、}*J! partirutur significance for Ause

1

M

IN

bus 1 DI nike such en importent contribution To be provision of Turpits for the par- chuse of capital p

They

nre parlearly hul i thy can be unported mong wall, bao Inflow a migrants and vản thus be used to assist in establishing them in their new comply,

Recent trenos triuisise Ure Aus- importance of tuning tralia'a develophænt as mulch as pussible from internal sourves. Capital, in the hal annlysis, not from money,

raised for capital more than the

1/10.

is provided

but from real goods.

The fine

pinjones 414

Countera

wich

provide

purchase the assets. thenistives

Bnice to which

Th

constitute :

goods must be

foot creat resources

development

In the national

Provide Funds

Morrower, they wil jarevide Fans for set spheres which are un pelicularly well sulted

opasration, '

31

Telephone

Allied

SHARE PRICES

EDGE DOWN IN DULL TRADING

BY A SPECIAL CORRESPONDENT

Share prices turned down slightly on Hongkong Stock Exchange this week.

the

Trading conditions were dull on almost every day is tall farm Be of the period with the exception of last Friday when the Carers said the apparent

· fuper excrcded $1 million. Total turnover dekoration to whatle

werk was $3.78 million. This is consistent with the better farm a made tempo of trading in recent weeks.

Tate rald.

extla cautious

HOWE

det plus,

約

end holiday influences cut the Brokers said yesterday that

of hopoundings, traders

appeared to have adopted buyers opp

cautious utulude inor possibly as a result of the lower trend in London and New York,

blamed Other

light-scale liquidation for the fails.

The market on Friday and Monday was roughly steady brut fractional decline there was on Tuesday und in the slow Interim trading of Wednesday the under- tone we again caster.

for the

The Commodity Credit Cor- The panel shows that of 28 Yangiszts are a shade better This vital Hag of Australian portion in pasted prodita er hann | shures, 17 were lower, seven at $0.08

vatives for the week ended Jan. were higher and four were Both cotton shares closed lower 6 totalled 202,965 boas Year-steady on the week.

on the week

largely through lack of interest. Textiles were down 15 cents on a buyer's call yesterday

$5.05 of

while Nanyana were neglected at a nominal price of $7.85.

There has been a

six cents fall in the price of Singapore raw rubber this week. At the same time Amalgamated Rubber Estates Ltd have announced an dividend of ten conte tux free live cents last

year) Rubber shares

earlier in the week on the news of the dividend, but slipped back with the continued decline in the

of the raw price

mutertal in

mbela v Lembing wind rivesi ment HAPPY Hent at konal Hove- 731IF Festes Whirl Are

unity

NO

Prepres growing

I 1 15 elayanan from earl

-marke

1.

However, the el stock of 1900 cup culion in government

L Just count reached 5.681,880 bales gist mily 1,729,840 bales to the sinne tane Just 24 401.

The corticated stuck unchongva n. 17,400 bades,

Vloune 2016 upt

held

META

WALA

derm

Vidurio Open rateswar

[1

3.1.4

Jat

*0.000

1240,100

PALJU

strong

wrong theek nabati

14371

Total

Edu 323.4

6.300 131,8x

100,200

NEW YORK

Howey Is girock Australia's development needs. and the potential profits offer-

aernávk

די * ון

voritty

Banks Lower

Yesterday the market began dull, but there was a sught In- crease buying interest in the afternoon and both buyers and 4817,000 bales sellers raised their bids slightly

a, נוp 1

50,400

In rust airprising in a highly MLA

fast-growing The wheel has turn- varete lece the gold-

[ Landon

repute. Peres of future closed today legs avames of today's banker- as follows: were coreldered to be obliging Вірн

Napels for sot krepa.

by deempting cash

Mav

London Stocks

Close Steady

London, Jan. 12, Short-covering and over-

July

Detober

December Moren

NEW ORLEANS

Prices of futures closed

follows:

Spot March Any

July

October

December

Match Misty

LIVERPOOL

for some shares.

Even Hongkong and Shanghai which reported & prolit $28.58 million ($19.29 m

dropped

Bank

k

35.350

1054).

21.43

week.

ALS STA

The

32.00

31 23

31.03

30 03 30.71

back $16 This

trend caused

pprise in

some sur-

Ice House Street,

TOSC

|

SECTION

Major New York Stocks Take

Advance

Part In

·

WORLD RUBBER MARKETS

London, Jan, 12.

The "rubber market was easy with spot quoted at 34% pence

per fb. Prices;

No. 1 Ras spot

Settlement house term:

February

Apne Sul/ept

Mural

Oct/Dev.

343%-345

– Genoral markets, elf bara, paria:

Jantary February Batata crepe

14%-3471

unquoted

New York, Jan. 12. Stocks made further good gains in stepped up activity today with all major groups participating. Market commentators termed the rise, as an extension of yesterday's upturn, Д normal re- covery after recent declines, helped along by several favourable corporate news announcements and some optimism generated by yesterday's re- port on President Eisenhower's "excellent" health. covering. It essed off later ön

Industrial shares were up 9.38 (Procter & Gamble Co. on average and rails 0.40 while Fittburgh Plate Glass of a total 1,172 issues traded 640 Pure Oil

were higher, 300 lower.

Turnover totalled

Publicker Industries

Radio Corporation

2,330,000 Republic Steel

shares compared with 2,310,000

vesterday.

Oils were among the strongest performers with gains ranging

Reynolds Metal

Shell Oil Co.....

Saint Reg. Paper

Sinclair Oll

Bocarry Vacuum

South Porto Rico Bugar

to 3 points In Honolulu Oil, Southern National One point

or so Jersey Standard.

In Texas

In alvernfts, North American Standard Oil of ind. elimbed nearly 3.

Mutors

wert Bym Chrysler up

and Motors point higher, the maiter Bwist & Do, in the day's most active trading. The Water Aum. On

Teris Co.

SINGAPORE

The market steadied on better Overseas advices "nd short

lack of support but there was DEA THOTO buying Interest Towitrda 77 the close. Futures:

£35) No. 1 rubber per lb. Jan. 11894-110 401

Feb. 191 Mar, unquoted No a rubber per lb. Jan. 11735-118. No 1

1174-21734 136-12316 No. 4

ין

Spot rubber umbaleði, 118119 Blanket repe

No. 1 pole crepe

12016-13011

The New York and Amster- dom rubber prices were unavail- able-United Press.

London Foreign

5241

$7

7%

Co. and

Southern Railway (Com) Standard Brands Standard Ou of Cal

104

3416

Standard Où at NJ withtaring Drug Co.

Stobaly-Van Comp General Studebaker-Packofel Ourp

1234

1074

15%

New Yurk

Montreal

Amsterdam

2336

00 Lisbon

6516 Milan

1914 Paris

Twenty Century Fox Film Siccis werd Arm to strong Union Carbide with Bethlehum and Allegheny Union Pacific Railw Ludium up well over a point US. Gyprum

United Airorati each.

Rail gains ranged to almost 3 points in Sonta Fe,

US. Line Co.

Rubber

UB. Smelting US Steel Warner Bros.

New York Stock Exchange bond volume was 88,760,000.

Westinghouse Electric Weel Vn, Pulo & Paper American Stock Exchange Woolworth volume was 700,000 shares.

Closing Prices

Alden inc. Acy Allied Chemicala

Allied Mills inc. Allis Chalmer American Airline

American Cyanamide Ainertean Metal

AD. Mach. & Fitry

American Swelling Am. Sugar Ref

American Tel, & Tel American Tob,

| Anuconda Copper

Armoo Steel AUTAKUT

Baldwin-Lima-fan. Bendix Aviation Corp. Benguet Duna,

Airplane

Barden (The) Co, Burroughs Add Machine Case (J. 1) Co.

C. I. T. Financial Corp. Cat. Tractor

Celanese Corp.

Chase Manha Bank

Chile Copper Chuyler Motors Colgate-Pulamulive Co.

Commercial Credit, Commonwealth Elec. Consolidated Edison Continental Off of Del Continental Steel Corn Products Crane Co. Crown Zellerbach Cuban Amer. Sugar Curtis Wright

Dow Chemienia Dupont de Nemours Eastman Kodak

Singapore and closed roughly Puno National Ga steady

TODAY'S SHARE PRICES

(From Dar Correspondant)

Lust Thursday the general view was

that the improvement would continue, But with buy- ing Intercal almost negligible, the few shares sold could not

Buslacss done on the long- today maintain their recent rises.

Stock kong

Exchange Conspicuous among the losers

this this week was

was the Uulity group

morning amounted to $940,000. with

Noon Lights,

quotations Troms,

and both

the morning's transactions: 3232-03 Electrics and Telephones show-

SHARES DUYERS SELLERS SALES ing falls of between 20 cents

BANKS

HK Bank and a dollar. Yaumatis picked

1780 up a doliar to $105 and

INSURANCES

Unton at $137 nominal are steady.

DOCKS, ETC Wharves Brighter KC, Wharf

Provident

30.00

302 30,70

und if real goods are required seas buying support help. for capita, purposes, they caned stocks close generally Future closings, in pence per ! not also be available to meet

in moderately th. were as follows: steady current consumption. In other

they must be provided active trading on the Old contract Mar/Apr. London Exchange today.

Words

out of savings.

Stars

The land section was also 24.75 dull with Hotels down 40 cents 21.75 to $17.20, Lands down a dollar 23.20

$02

down and 28.10 20.10 fractionally to $1.925 buyers. 25.05 The

Whart section was

to

Realites

000

TO

221700

30 g 100

33 1000 Gy 33.78

3216 (014).... 15.30 18% 500 15.30

Wheelock

1000 do 15.40

LAND, ETC. .. 820 8,30 Ti000 40 8.25-

A Hotel

IK Land

Really

17.30 121 1200 2

500 83%

24.60 siter with Hongkong | RUBBER 1.0235 1.0735

up $2 on last Thursday's

May/June July/Aug. New contract May/June It is the savings of the people, Olls, steel and other indus-

July/Aug. expressed Iz Monty terms, trials all advanced at the open-

Oct/Nov. Dec/Jan, thick represent their abstention Ing. They finished with a good from current consumption and sprinkling of

Egyptian Karnak Jan/Feb... 41.00 gains running

In the US the average price of which Chable

to several shillings. 15/16 middling cotton necessary from one

at 14 buyer's quote of $60 and resources to be allocated to the Bowalers, Unilever, and Hud- designated spot markets was IIK Dock up 50 cents to $3234. production of capital goods, son's Bay spariced the advance 32.90 cents. Sales at these cen- Providents silpped back

17 their section,

totalled 37,221 bales. $15.20 buycin

The

If, in Australia today, envingu were incrcusCit to finance ex-. Oils found good demand after United Pres pansion

of Industrial capital the recent shakeout, Royal equipment, the demond for Dutch, British Petroleum, and

goods for immediate consump- Shell Transport were among the tion would be reduced. Such coders. would have q twofold

saving efféel.

New Savings Banks

Golds Ease British Government Blocks failed to join the advance. An unfavourable trade balance re-

Not only would it release the port was blamed for losses run- rent resources to produce the capital goods concerned, but it ning to about ten shillings,

Gold thares eased, and coppers

Singapore

Stock Market

would also relieve pressure of showed little movement either lowing stock prices demand in the

murkel and

found buy- Issues reduce the level of imports of

way. Rubber Ing support and steadied. consumer goods.

German bonds were mostly unchanged in quiet dealings, and Japanese moved narrowly.

Dollar, stocks were firmer, min United Press.

It might be possible to relax, and

perhaps temave almost entirely, import. restrictions which have become

am permanent feature of the Aus Fration scene during the past decade.

is preferable necessary saving to be volun

Exchange Rates.

'+

46/-

Singapore, Jan. 13. Brokers today quoted the fol-

Opening |Batu" Lintang: Rubber Co, Ltd. $1,00

Borneo British

Petroleum Syndieste Fraser" de Nouve Ltd. Ord. $1.00 Fenare de Newys Ltd, Ny cum.

15.200 Hongkong & Shanghai,

(Hongcong@EUS ADI. DA

Kompan Lad.

Consolidated Tin maiters Ord. 30/-

Line, Itubber Estates L Malaus Broweści Now Gerandah Rubber,

for, the tary and not enforced by some Bunitiess was done in the local Healing Tin Ltd.

Rames "Hotei exchango market this singspare: Cold Stor government decree,

Voluntary unofficial

hepening at the following rates; saving would be in complete. B. dollar (per, 310 pelvin 5,04 harmony with

Prime Bloring notis (per: 21). 1565 Minister's recent approach to Australlong notes (parte 1). industry, in an effort to enlist tonela uplah per 2001 010

'Siam tiest (per 100) support, for yòlusitary restraint. singapore (štexit)

20.50 earne

Fred

to

last Thurs-

day's price of $15.70.

The

The

doing

Trade showed an Improvement in the Dock's latter part of last year. risc, however, is probably at- tributable more to hopes of a distribution from the recent land sale, while Providents, which to show a good are expected

sheet for 1955, have

back slipped

Lane Crawford continue to do well or they show a further rine of 10' cents on the' week. Watsons, Dairy

and Cementà closed at lower levels,

Wheelocks Ease

Cn section should be

baine

on

Lois

A Rubber 10 2 8000

2.75 *Trust UTILITIES

*Tram

2420 24.40 8000 F 24.30 Yimati Ferry 105 106 400 @ 105 C. Light (0) 28:55 2212 3000 ve 22.30 2000 og 223E

Erie Railroad

Family Finance Corp.

General Electric

General Foods

Gen. Pub, VELI

Glidden Co.

Goodrich (B, F. Co. Heyden, Chemical Homsteke Miring Co. Ingersoll-Rand

|| Inland Steel Co.

Interchemical Corp.

Int' Business Machines Int'l Harvester International Nickel International Paper Int'l Tel de Tèl John-Maravilla Co. Kansas C. Power & Light Kennecott Copper Liggeit Moyers Tob. Lockhood Aircraft Loews Incorp. Lone Star Cement Co. Louisville & Nashville f.

Lowenstein & Sons. Mesabi Iron Corp. Minnesota Mining Mission Development Monsanto Chemical Co. Nontgomery Ward Motorola Inc. National Cash Reg National Dalry Prod." National Distillery National Steal Corp. National Lend

New York Coniral Olin Mathieson Ous Elevators Owen-Illinois Glass Pacific Gas & Elec. Pacific Western Oil Pan American Airways Paramount Plotures Parke Davis Co. Penny J. C. Cb, Philip Morris

Philips Petroleran

ö Ë Á Í ¿ Ñ Ñ 2 ÷ ¤ ¤ π € » Č Ã ¤ Ë ¡29458099239338g5zgataghabbats

10000 New York Sugar

--300 66 12:30

Light (N) 15.70 Electric

4215

Telephone

17 200 2560

1000 de

INDUSTRIALS

Coment

.32.75 3612

.... 2014

Rope-arren14.00 STORES. ETC." --

Dairy

•Wetson **** COTTONS

95, 10:20 2000 mp 18.90 1940 13 200

5,05 3,75 1000 @ 3.10

Textiles MISCELLANEOUS

Vingisze Alled

Market

New York, Jan. 12. World sutur futures. No. to closed today unchanged polat higher with sales of 113 contracts,

Domestic No. 6. sugar futures kiored 1 poin lower to 1-point, higher with sales of 185 con- tracte:

Trade

Interest operated on both sides of the market pend- 645 5.55 100 en .530 | kbg further raw • merket

Gevaidgumental-

New York Foreign

Wheelook Mardens were unspectacular end closed ten cenis lower on the week af $8.20 Allied, which picked up slightly last week on "the news of the sale of the Câu Company's Canada 3140. | Jordan" Rond site slipped back Zealand

22740 ten conta this wook with libe

mafloot apparently convinced

#1100; that the proceeds from the 29963 | Mou

Exchange

will be used for, furtherinkpan Giorg

Holla sion of the Gás - ConnÁNY.

New York,

Futures:

Cantraet No. 4 (world);"

Drussels Frankfurt

Stockholm

Zurich

Exchange

London, Jan, 19.

2.60-11/16-2-807, 2.0014-2.004%

7001-10.614

350.00–329.07 41.7215-11.129% 80.00-80.10 176334-125% 98431-984

14544-1426

12.44-22243

4016 Olbers were unchanged.

--lìnited Press.

Unitro

P&O B.I. E&A

COMPANIES

PENINSULAR & ORIENTAL S.N. CO.

PASSENGER/FREIGHT SERVICE

Ontwards

"CHUSAN"

"CORED"

"CANTON"

"CARTRAGE”

Leaves Londen Due Dongkong

Salled

34th January

6th February

1st February

5th March

28th February

2nd Apru

Pr

& Singapore

Via Southampton, Fort Baid, Aden, Bumkay, Oelbmka,

Itomewards "CARTHAGE"

Leaves Drrimr bus for th 13th January *"CHUBAN" 30th JanuaTT

"CORFU”

"CANTON"

18th February

27th February

10th February

12!11 March

9th March

fth April

Via Blogspare, Penang, Colombo, Bombay, dam,

Port Bald & Lendon

★ Alto Calls Marssilien.

"SUBAT"

"SURAT"

FREIGHT SERVICE -

dur 3rd Feb.

from UK. mis 6th Feb. for Japan

loada 27th Feb. for S'pore. P. Swetien- ham, Penang, Aden. Marseilles. Port Said, London, Hamburg,. Not- terdam & Antwerp

With liberty to tail at Belawan before or after strál

Ports and at Bombay if induesment offure, Tanks available for carriage of OH1 tu Balk. Space for refrigerated cargo. Limited Paksenger accommodation

BRITISH INDIA S.N. CO., LTD.

1850-A HUNDRED YEARS OF SERVICE — 1950 "SANTHIA" dus 10th Jan. Trot Calcutta, Rangoon

'Strate #ally 19th Jan. for Japkh

"SANTHIA"

"ORMARA"

shi Bih Fab. For Singapore, Panang & Calcutta

skite 13th Feb. For Singapore Paning,

Rangoon, Calquita Chittagong

P. & 0./B. I. JOINT SERVICE

“ORMARA“

"TTAURA"

Bue 13th Jan. Troth Bombay sas 10th Jan, for Japah

fons 28th Jan. Tur Slugspore, Colombo.

Karachi, Bairsh, Khor«. zarabatt de Kuwait

""OZARDA” loade 2nd Fab, for S'pore, BOMBÁT,

"ORNA"

Bhavnagar, Karachi,

Khorramshah ESTAD,... walt

salih 1911' Mar. for Singapore Madras, Columbo, HOMBAY & Karachi

EASTERN & AUSTRALIAN 3.5. CO., LTD.

salle 8th Tub2 207 SWEMA. TAM "ARAFULA”... due en rè, Trentin uphe

mus ́Bin Tab,` for Bandakan, HABAUL Brisbane, Bydrsey, MAN bourne, & adelide. rohadti have Uberty to wall nå any woria

to changs or wherbedilinkinik with a

For hall perhigan, apply do MACKINNON MACKENZITAG,

OT HONG KONG.NE

1. dephos Nor