1956-02-09 — Page 9

Page

TRADE

THE CHINA MAIL, THURSDAY, FEBRUARY 9, 1956.

and

COMMERCE

Canada Has Boom-With

WORLD RUBBER MARKETS

New York, Feb B The No. Res rubber futures

at 50 to 15 Pull la

300 con-

today

lower

with sales of

raets

'She Catechish

contract Jumest

38 to 150 ponts lower with saddes

42 cotton is

<IF

Aqui,Antion

FRO

Derige allong tou d cradle logy re FROM served

faer o

erntioned how factory.

der the apot marker

the

Shal sale to the spa imarket between dealers Related Ap

ere chent. 3754 ani luter of

GRILLS

Apr -dua rase Indel bas

I

The 1.

Al

1 37 cents. D

Mr Ni

EN

RV.

1

-▸

2 - Aster

Paban

OM 8. FR

،،܀

ן ~

New Standard contrael

M...

MY

Holt

De

M

AMSTERDAM

The market

closed

today

Kaleagent C

No rubber

No 2 rubber

No 3 patie

34, Decep

The

15 16

रम

Australian Wool

Sales

Melbourne, Fob, 8.

17

the dock strike settled by next week, wool axies will be resumed ina Australia as from February 20, with anies at Sydney and Perth and Geelong on February 21. Tubs wan an- the nounced today by President of the National Council 131 Wool-Belling

Brokers.

ka-

selling He added 121ul brokers and buyers would complete arrangements to xuction TANTRABIRI Joguen teable, Special

117 МООБ

(*hka

as pric-

Mail

WORLD

COTTON

MARKETS

Difference CHICAGO

MAJOR RÖLE OF FOREIGN TRADE

Ottawa, Feb. 8.

The two Cabinet Ministers whose task it is to guide Canada's economic policies both emphasise the role of foreign trade in the domestic boom which Canada been enjoying for the past year.

has

This, they say, is “a boom--with a difference."

GRAINS WEAKEN

Chicago, Feb. I. Most grains wonktened the Board of Tride today.

on

Dealers said selling in wheat was prompted by reports of additional moisture over the winter

wher belt, and the action In wheat brought selling to the other grains..

Weakness

in nearby soybean contracts WIN attributed to lower prices in the edible oils

The difference was pin-pointed by Mrmarket. C. D. Howe, Minister of Trade

Commerce, when he said:

and

"Export trade has probably Mr Howe is often described more important role ns Canada's Number One opli ~ played a In the current upturn than in t Regarding Canada's most

Inneuis problem. Buy previous postwar year. the prin 1945-53. Canada's unsold whent, Mr Howe basex industrial growth was sparked his optimism upon conditions in New York, Fer A

by the European markets. targe extent

portiu- Opening prices on the coiton

internal Influences such as the tarly in Britain. kexchange today were up 12 huge demant bucklogs for con-

off points

13

Cam

14

sti

1.1 10

very

Wheat closed up 1 10 off cent; soybeans off 1% to up <ent

CLOSING PRICES

Prices per bushel in cents! Wheat, No. 2, red

Spot

the surplus of

2100

Ma 214% 20. 2149

May July

200

14

Àાદ – 17t FORT,

No

Reflection

SUBMIX" Bud producers" Koos fence bulid-up. and, later, the post-Korcan de- Through-

virtually vested in Europe limiting

"Good crops have been hor- nationalvalume of supplies required

domes Canada's largest market.

New Orbrans closed uniformly points brighet. Day trade

out this whole period readedng band herigewelling pared.

but the list all of the rise in the 1 M12 xtreme gaus

absorbcri -fall plused net 11 to 17 pomita, output was

beally."

Jugier.

Vohrne PAR -

follows...

interests

Highest Level

Even 30, there is good possibility that markets will be available for a normal Canadian crop during the current crop your. During 1955, however, Cana-

deterioratiota

The dlau exports assumed extra-bolance of payments position in Importance 371 the the United Kingdom appears on {ordinary

for cotomy Exports

the the way

being met success- whole

some fully without any serious re-

Corn, No. 2, yellow

SECTION

DEALS NOT.

BURMA-SOVIET Dull Market Slows

New York Share Trading

SO GOOD

Burmese busitveramen Ate not nearly so happy the politician about their government's barter deals with the Communials To help quiet them com-

mercial attaches from the Chinese,

Pollah,

Russian and Czech embassies lave been

summoned

to werton of meetings at which the businessmen are burdening themselves of their complaints.

תור

The list of complaints, Is long.

Principal items in the Hist Arc shipping delays, lack of catalogues, lack

of proper specifica- tions, Furthermore, thr businessmen allege, prices have been going up fasi, -London Express Ser- vice.

HONGKONG

STOCK EXCHANGE

(From Our Correspondent!

New York, Feb. 8.

Prices on the stock exchange moved in narrow range early today in slow dealings.

a

Changes at the end of the taburel Plate Gland first hour of dealing were small licker Industries

Pure Oil........... with o

number of the leading Radia Cortoration issues holding at thely previous Nepiatte Steel close, Trading in the first hourynolds Metal

Shell Ou Co. was at a nall's pace. The re- Batot Reg. Paper portaog

led a

#30Bir Ot part of the time in that period. South Dame Bio Bugi

Bocony Vacuum

Southern National Gas Market news was on the dull Southern Railway (Com.)

Standard Oil of Cal.

side. There was very little in the Standard Brands day': new developments sway prices elther way.

(0 Standard Oil of Ind.

In the main industrial group, steel shares displayed lendryeles,

but loss

Standard Oil of NJ Blering Drug Co... Stokely-Van Camp.

lower Studebaker-Packard Corp.

SWITT & Cv.

were Texas Cu.

limited to a few cents.

Motor shurts moved regularly.

ir-

Railroad shares were virtual- ly unchanged.

A Dew kesyes Failed to appear un the tage in the first hour.

Natural Gas issues were quiet after their recent advance.

Oil shares so did Ritle.

Closing Prices

Akten Jor Asy Business done on the Hong-Allied Chemicals

[20

12-

1339%-

1:15

kom

1232,

1000

Hnol

Mar

M

Juty

The in

Seut

Now

Hyo

Mar

1222

May

1201-27

MAAN

OMNÝ

2214 der

THIN

、་ ༈i

Oats

14

Volume

2

Mar May

DE 400

243300

24 A

Alas

J

278,500

24

1 Get

221 H

Soybeans, No. 2, yellow

Spol May

22.70

May

24944 253-2821

Ma

May

1.000 3,000

ΤΙΣ ΗΘΟ

Juty

23411-214

44 CH3

Funds

per cent in

value

NEW YORK

Petces of Nature

Josed today

"Elsewhere in oversets with 1954, and 10 per cent lets the means for payment for

the volone. This is

highest dollar goods, peacetime level on record.

re- | concerned. of 12 compared

1

Nim

mar"

Harley

Sind

130-140m

reflected LA

holdings. improve."-China

131

has New York flour

22 lb uch

Such

SINGAPORE

VA

Menta

Mand

27 ,14ME 1800

ויתן, 11 14 . 1.

maket

setting after dull opening.

The afternoon, there was some, further dquidafton, but

well be phe,

Futures

WIN level

a fallow

Mart

14

Jh Fel

1992-004 Serigratmet -147

Stav July

Decetuben Marel

May

No 1

FADALATY

Meach

Apost

No 2 rubber jars

No 3 ridiwed per 1 Feb 11EMA

Ni

brubber po 15 Reb

Spot rubber umbaled

Blanket ziepe

Nu Ikke LEPH

LONDON

The

302-103

+-+

1264-1918

was quiet with

spot quoted at 32 pence pan th

193,200

NEW ORLEANS

35 11-24 34.74

year

totailed

4,350,000,000 dollars (about [percussions us far us Canada is

£1.500,000,000

sterling). presenting an Increase

Hote Mr Howe anci Mr Walter Harris, the Minister of the fra-

2378-81 Finance, emphasise

SI TO 31 3 00125

Priers of fatores elased tudus į

follow's

portance of last year's rise of 27 per cent in Canadian exports to Braun and other Common- wealth countries, which ex- plains almost half of th over- all rise in Canada's exports,

hard currency continued to Mail Special.

Profit-Taking

533,7021

WINNIPEG PRICEN

Winnipeg. Feb. 8.

Stock Exchunge this Al Chalmers morning amounted

to $880,000. American Alrilne Noon

suotations [UK] morning's transactions SHARER BUYERS SELLERS BALES BANKS

HK Bank

1743 17:3 201710

238

East Anto

INSURANCES

U

1003

Imbard

30

210 9:00

23,10

33 33

Underwriters

SHIPPING

Waterbunt DOCKS, ETC.

Dock

Prevident

Old)

Wheelock

LAND, ETC.

IX Hole! HK Land

1013)

(New)

Humphreys

(Old) (New!

Realty

Prices of grain futures closed today in cents per ib, as follows: | ROBBER

7516-78

72]

100

10 10 15 50 2000 + 1855

20

2000 0.00

1700 1700 500 100

562%

• 10 50

1.40 1.03

Rubber 1,720 1.820

UTILITIES

Tran

Y met Ferry 105

Macão Electri

(New!

Sendikan

200 63% 400 +04

2431401.343

92 01:50 150 4 U

24 19 100 147 130.4 100 *350051,70

3000 K

15 30

44',

Light Telephone 741 25 300 * 24 75

500 M 34

Qals

34 73

34 20

3429

177

1 79

Harris. Mr

addressing Canudoun Club or Toronto

January, elted the figures weet on to pay a compliment Mr RA. Butler's emergency 'badge in Britain

The

tr

In Gold Shares

May

July

24.03 23.20 2700 Star Ferry .. 142

Opt.

C Light (0) 22.00

Rye

C

Light (N) 18 ZAJD40 2000 Electric

4-4

4500

May

July

100%

Old;

05

แฟ

Oct

106 is

3151

31A1

FI 2

3n77

LIVERPOOL

worsening of the balance

31.-31. 31-31 unstrated

341 33.

Man Aut

London, Feb. 8. Continued trader apathy and a generally cautious declared. "that the recent outlook combined to drive of most sections fractionally payments situation in the United lower on the London Stock Future closings, in pence per | Kingdom was tackled by the 1 were as follows

of Ascat Exchange today, |authorities by the use Old untrut

Barley

May

July

very gratifying."

let.

Flansect

May

July

Wheat.

by

May/June

July/Aug

gold

alled Pay

New

May/June

Oct/Nov

Ma

This

Jut

(+98

No 1 rgh if

Seulemen)" feuer fors

Mat

M Ma

Ap

31, 31 Juls

Ap 73atie

JulyySept

Gel uv

242

Feb

Mar

Ант

General nurkats wat bands, p

Eitate crepe thần Mar

thick

US Rubber

Production

Records

July/Aug

Dec/Jan

Egypt Karnak Mar Am

SAO PAULO

25.50 and monetary measures and not

The seeston was marked 24.00 2300 by the introduction of quantita-

ita profit-taking 25.70 tive trade restrictions or by the sharp 28.33increase of tariffs."

30.45

40 [0]

Futures closings in cruzeirOS per kein were as follows

Mar

Mas

July

Det

Dev

36.30

Reduced Taxation

When the budget is brought down, before Easter, it will be found that the new Minister of 3069 Finance has more than won als 30.45 famous wager, made in intro- 32.20 ducing his first budget last year. 12.70

Despite the fact that

the the "gross national product" In the US the average price of

most comprehensive Index of 15/10 middling at. 14 designated

national production) had stood apol mark ma was 34.03

24,000,000,000 dollars balesat only

MT Harris the year before,

taxation boldly reduced declared: "1

propose to recom mend a. tnx structure which, as closely as I can estimate, would produce a balanced budget

New York, Feb. 1. US rubber production and Sales totalled 53,192 manufacturers

uf United Press, shipments

passenger car tyres during 1956 were at rocont levels, according 10 th Rubber Manufacturers Association.

усат amountcri

The association disclosed that manufacturer' shipments last to 93,729,700 tyres, an increase of 20,61 per cent over 1954 shipments and 11.02 per cent above the pro-

viously recorded high in 1950.

were sup-

cents.

Carlsberg Sell More Mineral Waters

Copenhagen, Feb. 5.

of

shorts.

Industrints were caster until late rally pushed selected 19ssues Borax and Hud- gently ahead son's Bay were strong spots through most at the session.

Leading outs showed finished around a chilling or lower.

Observers quled some switch- cut of British government slocks the

frac- group muved

Con only lower, with old suls off a bit.

No 3,

373

337

22:27 northern, izda

e: No. 3, 124 cents.

Singapore

INDUSTRIALS

Cement

Rope

STORES, ETC

Dobry

Whitson

COTTONS

Textiles Nanyang

30 7334 2000 ve 30

15

American Cyanamide {'m Am Mach. Firy American Metal American Smolting Am Supur Bet American Tel & Tel American Tol "3" Aprondo Copper Aineo Bieet

Armour

Baldwin-Ligan-Bina Amare & Ohlo Bendix Aviation Com Benguel C'439116. Bethlehem Steet Decing Mirping Nordsti (Thej Co. Burroughs Add Machine Contestant Pacific Cure (11) Co

C. T. Financial Corp Cat. Tractor

Celanese Corp

Chusu Manbal Bank Chrysler Motors L'algoto Palmolive Comunstrial Credit Commonwealth Elec. Consolidated Edison Conumental Oll of Dei, Crane Co.

Crown Zellerbach Cuban Amer. Sugo Damond Alkall

Tide Water Asan. Oil

Twenty Century Fox Fum Union Carbide

Untos Pacifle Hallway

United Aircraft 0.9. Gypstain

U.S. Llue Cir. 8 Rubber

U.S. Smelting 1.5. Steel Warner Bor, Westinghouse Electio Wert Va. Pulp & Paper Woolworth

4412

10

United Presa.

British Oil Equipment Saves Dollars

ment

London, Feb. 8. One of Britain's newer industries, making equip

for the oil giants, proudly reports that it won a stack of orders worth million than £123

This is its moat

47h more

73% last year.

634ever.

Lo

30

41%

101

Dow Chemient Dupont de Nemour

Eastman Kodak

..

El Paso National Gas Erie Rollroad

Family Finance Corp.

General Electric

General Foods

101⁄2 18 70 1900 in no ingersoll-Rand 12,66 13

MISCELLANEOUS

There is more in this joyful Ky showing than just a huge Sgure. 30% Here is a story of a bold ad-

venture that has paid off.

13

General Motors

|Gen. Pub, UNI

Glidden Co,

Goodrich (B. F)

Co

Goodyear Tire

Heyden Chemical, Hoistake Mining C

but Steel Co.

Int'l Business Machines

100

Int'l Harvester

festeraaliumul Mickel

700

| Internatlonul Paper

110

Jehn-Manville Co.

40%

118

444

57

700

1,00

1.K. & FE

ITY

525 5.00

11.40 11 750 11.40

Yongisze... Allied

Stock Market Ceylon Loses

Singapore, Feb. 9, Brokers

today quoted the following stock prices:

Satu Lintang

Rubber Co. LA,

Opening

$1.80 c

On China Barter Trade

British Borneo Petroleum

Syndicate

43% Bl

Conanlidated Tin

Smelters Ord.....

2017-

Fraser & Neave Ltd Ord. Fraser & Neave

$1.77

Ceylon's

China

715% eum, pref

33.85

$120 cd

7 3d

In the foreign bonds sections, Japanese bonds firmed and posted

gale running to £1. Hongkong & Shanghai

Banking Corp. German were dull. Anglo- Hongkong Tin Ltd. Lautaro Nitrates advanced Kempax Ltd. about

three shillings. Ford Lunas Rubber Estates Lid. Motors tumbled to a new low Malayan Breweries....

Rough Diamond Shortage

New Berandah

Rubber Co. Ltd. Polating Tin Lad. Rafles Hotel

Singapore Cold Storage

South British

Insurance Co. Ltd.

Straits Trading

Straits Stoamship United Engineers Ord. Wearne Bros. ...

$1.05

31.12

13. 다

$1.75

$1.50 ed

82.34

$1.00

177,50

$26.00

$12.60 39.00 $1.07 Chine Mail Special.

New York Sugar Market

Colombo, Feb. 8.

| }{1 Tại & Th

Kamas C. Power & Light Kennecott Copper Liggett Meyers Toh. Co. Lockheed Aircraft Laras incorp Lone Star Censent Co. Louisville Nashville R. Lowenstein & Sons. Mezubi Iron & Corp. Minnesota Mining Mission Development Mon onto Chemical Co. Montgomery Ward

Motorola Inc. National Cost Ren National Lead National Steel Corp New York Central Olin Mathieson Otis Elevators ... Owen-Illinois Glas Pacific Gas & Elec. the Pacifle Western Oil

barter trade with Jast year under rubber and rice agreement was Pan American Airways

Paramount Pictures the government Parke Davis Co. net loss to and a loss. to rice consumers Penny J. C. Co.

Penn Salt Co. here, government sources re-

Peseter & Gamble Co. yealed today.

Although China peld higher than the world market price for rubber

the shipped

under Hources

suid, agreement, the the rubber advantage falled to offret the high price

which Ceylon maid for rice imports. Under the agreement rice was purchased at 41 pounds sterling per ton, although it could have been had considerably, cheaper from other sourcés,

we had a gross national product of about 20,000,000,000 dollara

of £115 for five shares-equal While Anal figures are not yet available,

estimates Mr Howe

to about $64.40 u share Dollar that the rise in national product totke generally eased-United

ten Prese has been of the order of Carlsberg, Denmark's largest per cent, the highest rate

increase in Canadian history. brewery, reports that for its These chipments ported by a

of about 20,400,000,000 dollars. new record high last accounting year to October, which should give a final total production of 97,223,185 tyres 1000, sales of beer fell by about As 1956 opened, the, level of

sales of

jm- during 1936, 20.6 per cent above ten per cent, while

was greatly employment mineral waters increased by 13 proved, having for six months 1954's production and 19.39 per per cent.

been 3

above

the abovo copt

the

per cent previously recorded high during 1953.

About 24,500,000 gallons of previous year's

Even igures. beer were sold, a fall of about allowing for an increase in the Shipments of Inner tubes for 2,000,000

gallons compared labour force. unemployment the year were down 36.05 per with the previous year. Mineral receded sharply..

30,389,018 tubes as water sales amountcyl to company with 1954, reflecting |70,700,000 boltles--an

use of tubeles of about nine million. tyres. Production at 35,899,720 Despite the fall in beer sales

A supplementary 25,000,000 units was 38.40 per cent below as a whole, Carlsberg had the what has been happerzing

rupees appropriation for food. the

previous year's total. best year in its history in ex-gether with

Mr Dave Locklich, Chairman. The domestic No. 0 sugar will be submitted to the enbinet a note of caution United Press.

ports to Britain, showing

of the Cape Branch of the South futures closed tmchanged to 1 shortly by the Food Ministar for the future, is given by the African waster Diamond Cutters point lower with sales of 117 to cover the deficit, they said.-— IncrCose of 70 per cent over Canadian steel industry,

contracts. the record

the previous

United Press. sel

As 1955 loomed up, the steel Association.

Trade interests were on both year-China Mall Special.

mills were operating at only 70

'Mr. Lockitch said master dia-sides of the market in routine per cent of capacity.

Production rose sharply and the diamond trading company thought, Futures:

mond cutters had been told by evening-up opaations, deglers at the beginning of 1966, toir that no improvement in supplies Contruct No. 4. (world) full capacity was booked up for could be expected. Because Boveral months ahead..

cent to

the greater

LONDON METAL

PRICES

Inercase

NEW YORK METAL

BA. FUTURES

Steel Shortage

An interesting indication

New York, Feb. 8. Capetown, Feb, 8. South Africa,

World No. the world's

4 sugar futures richest diamond-producing coun-closca today I point lower to 1 try, f experiencing shortage point higher with sales of 20 off rough diamonds, according to contracts.

to-

of

March

May

"July

Sept.

Was

Epot-(centa" për Contes

Cuba)

London, Feb, 8. The Un market was barely

Indeed, shortage of steel bids the shortage, rough diamonds slondy today: Prices of metal

New York, Feb. 9.

fair to set limits on Canadians were being rationed to the dia futures cosco in sterling per Prices of metal futures clowed industrial expansion in 1956, mand cutting industry, long to do follows:

today in cents, per lb, as with some ⠀ Industries already

Mr Lockitch: wafd there buyera sellers follows:

handicapped by 'sort' supplies,;

Another factor to be, noted is no question of the scarcity being that while imports for the Bret created artificially by the, Cin six months of last year just mond mining Industry or the about kept pace with increased diamond trading compurry, t home production, during the existed simply because het inst bix months they out-paced enough diamonds could be found.

Tin upot

3-month Copper spot

Led

508- 3045

400

Tin

Fob.

Feb. Маг

18.100 10.100 37.756

Zino

Copper Feb.

48.351

Zing

Ching Mall Special

As a result, the sources said, only

the rubber producers actually profited by the deni, and the government was unable to balance its food budget.

3.24

London Foreign Exchange

London, Fob.

New York

13.20.

cents

8.33

Motirean Amatertiorn

Blockholm

Other

New Yo

fortig,exchaond

uvaliabló

cites wwere not United Fres

Until about 10

years Ago nearly all the gear our.oll com- panies buy had to come from the US.

Their shopping cost dollars Britain could it afford,

Start From Scratch

So a team of British engineer- ing arma el cut to break into this dollar preserve. They had to start from scratch to do so,

Borders

This is the dre time their·

have swelled past the £100 million mark.

Last year's "take" is the big-

2014 gest since 1952, when they were 73% given 291 million worth of

jobs to do.

20P%

43

•

Another angle on the big ex- pansion going on in oil,-London Express Special.

Exchange Rates

Busini unotBcial

1

was done intra, tocal exchange market 'this

morning at the following rates;

U.S. dollar iper $1)

.80

Bterling notes (per n

14.78

Australian notes (per 21)

2.00

Indonesian rupiah (per 100)

15,00

47

Blom tical (per 100)

20.10

De

Singapore (Straits).

Let US handle.

YOUR PRINTING

time:

Too many proofs mean time wasted. We grasp the point at the onsed and

ONE PROOF generally suffices.

After that, our upstordate automatic

presses make short work of the job.

Let us quote for your current

requirements

SOUTH CHINA MORNING POST:

PRINTING DEPT.

For printing of every description Telephone: 20002

*