TRADE
THE CHINA MAIL, THURSDAY, MARCH 29, · 1956.
and
SATISFYING WORLD COMMERCIAL VEHICLES
The United Kingdom is the largest exporter of motor vehicles in the world. In fact, since 1945 the motor industry has contributed about nine per cent of all Britain's visible exports.
But it is not generally realised that commercial vehicles, which include vans, lorries, buses, motor-coaches, and non- agricultural tractors of various types, form
રી
very substantial proportion-about 30 per cent of the motor industry's total production.
New
Esso
Refinery For Germany
Cologne, Mar. 28, The West German Esso Company platos to invest about 600 million murks
11
In 1954. total Jirish JJ- furtion for both home and ex-
port wus more than
1,238,000
vehules, of which over 340,570 Were POITREneretul.
Exportst
of
Commercial
vehicles 137,070 Holts tincluding both complete veteles and CHASSIS) weit!! 21 valur
187,131,653
The great majority. of these vehicles were for the transport cal goods, the rest being manly blues, motor-coaches. and
tandley-bases
F
Sales to the Commonwealth at the Irish Remble totalled 18:177 units with a value
of 54.378.79, those
to foreign POLITIČE (% were 40,042 units worth £31,449,143
within the
three to next under four years
pro- Kramme which provided for the establishment of a new
There were alo 501 road refinery, the construction of
haulage Tractors, valued at crude oil pipeline, and the
£1,000,717, the export destiria- building
віх super tons of which have not been tankers of 36,000 tons dwclasentied.
of
♫
each. Recording to spokesman for the company
$2.
Australia Biggest
Biggest oversen markel for
British The construction of
commercial Tac re-complete
vencies (that
including finery near Cologne would com mrnce this year, and production bodywork was Australia, which
would
1
with 1909 start In throughout of three million tons, he mid This would later increased 10 five million tons a year.
Other Companies The company expected that the erude oll requirements refineries and hydrogenation plants in the Ruhr would rise to about eight million tons
請
year within the next few years.
This was the reason why the company had proposed to other ull componies the bulldig of a pipeline linking o port with the Ruhr.
North
ht
bough!
valued 10.000 £6,187,094 and 18,435 commer- cial chasis valued at £7,165,332.
Important non-Commonwealth The Nether- markets included lands, which bought 2,771 com- plete vehicles valued at £915,103 and 2,522 thossla £1,817,297 ond Denmark with 1,758 units valued at £515,930.
to compare achievements In this field with those of the principal manufacturing Coun tries.
IL interesting Britain's export
at
During the first nine months Sen fut 1955 the United States ex- ported 134,507 commercial vehicles, Western
Cermony Canuda The Esso share in the project 61,456, France 21,002, would be 40 per cent.
|(1,159 and Italy 3,733.
export
A commission of representa- | Individual British firms
parties achieved some notable tives of the interested was Al present examining successes during 1955, whether Wilhemshaven or Rol
suitable terdam was the most
for the project-China Mallja
Special
CHICAGO GRAIN
PRICES
Chicago, Mar. 20. Prices per bushel in cenis:
Wheat. No. 2 red
22
201 2201-9
Towards the end of the year delegation of transport specialists from 1srael signed Contract with Leyland Motors Limited for 230 bus chassis at about £1 million. valued Before deciding to buy British the delegation visited Western Europe and Scandinavia,
For Desert Work
Easter Market
Holidays
Now York May, 28. Final and com- modity markets through- out the United States will be closed on Good Friday. March 30, but banka and foreign exchange markets will operate as usual.
Domestic livestock mar- kets will be closed on Good Friday through Eat- ter Monday.
ex-
Candian security changes alIO will observe the Good Friday through Easter Monday closing bus the Winnipeg grafo exchange will clone only Good Friday.-United
on
Press.
Senate-House
Farm Bill Rebuff
bill
Washington, Mar, 28. Senate-House farma conferees in another rebuff
COMMERCE
SECTION
DEMAND FOR Aust. Wool Sales London Markets
4
Wall Street Resumes
Upward Swing After Profit-Taking
New York, Mar, 28.
Stocks resumed their upward swing today after a two-session interruption for profit-taking which had pared market values more than 1 billion.
Prices turned upward around noon after early hesitancy and improved steadily, closing at the day's best levels with gains ranging to more than 2 points.
Industrial
#hares were paced
which had by the sales
been hardest hit by the realising steels. motors, metal shures
on AVET- They improved $1 57
Republic Steel
Rails edged up 0 10 on aver-Standard Brands age with meroas galna rauge laug to 131⁄2 poluta in
Standard Oil of Cal
Santa Fe, | Standart Oil of Ind
NY Coutral and Southern Rail-
way
Utilities improved û 08, with
a poliet gain in Houston Lighting helping
Oul of a total 1,189 lærues ap- pearing on the tape, 501 closed
to the Administration voted (higher 419 lower on the day.
today to boost the support price
for the 1956-crop cotton by an additional t.f cents a pound,
Th delete
Picked Up
Trailing pickeri up na prices rose and turnover for the day totidied 2,010,000 shards, com- pared with 2,540,000 yesterday.
Bethlehem Steel was one of |
the best performers, rising with - a gain of i
Conferees Voled bill from Administration-backed prevision
The rbangak
of why Aguring colton supports.
for
Motors had a good recovery, The
hast been with Chrysler PROVISION
and General incinded
the 171
Senate bill. Motors each up around a point, The conferves
working to) Ford fractionally, higher. Preopele differenceM between bill passed by the House and the Senate.
OBJECTIONABLE
The conferees yesterday Ignored Administration pleas to continue flexible price supports, to restoro They valed instead rigid high supports at 90 per cca: of parity for basic crops. It is
the so objectionable to Administration that Republican leaders again forecast a veto if the measure reaches the White Houst.
As a result of today's netlon, the measure would provide a 1958-crop support price of 31.7 cents r
pound for 4 inch staple
This cotton.
would supports averaging 33 cents pound
the entire стор. Secretary of Agriculture Mr Benson had indicated he wanted to peg 1930-crop supports about 30 cents a pound for the entire crop.
to
for
Boeing paced airerafts with a gain of 2 points,
Improvement in oily ranged
to neurly 2 points in Union Oil of California,
New York
Stock Exchange
bond volume was $3,630,000.
Americon Stock Exchango volume was 1,470,000 shares.
45%
30
4,00
Cancelled
Brisbane,
Mar. 28.
The Aprii serios of woel sales were earsoniied here today following an" aber- conference between
·wood selling, Brokers and storemen packers union.
The dispute if a culmina- sion of an Australian-wide Murers! refusal to adopt
reduced pay scale con- fathed in an award banded
down by the Queenalandi Conciliation Commision which was
"Later adopted
by other unions. The four
days of sales were
wcheduled
to begin on
April 9 with offerings of 63,000 bales.--United Press.
HONGKONG STOCK EXCHANGE
GALL(From Our Correspondent)
Drift Lower
London, Mar. 28.
The approaching holiday weekend and Wall Street overnight combined to dampen trader interest and most sections drifted lower on the London Exchange today.
Interest in industriale dried up, and American favourites were selling targets. Depart-
ment
Borax arainat
store issues weakened. Consolidated moved
the tide on reported overeens buying.
Royal Dutch led a restraining oll continent, skidding more than 21. Others lost a skil}- Ing or two, except for Anglo- Egyptian "B"-up one shilling threepence.
British Government stocks showed small losses in quiet
New Zealand Woollen Industry
Wellington, Mar. 28, Imports flooding into the
dealings. War Loon cased country, have adversely
about £3/10,
German bonds
affected New Zealand's woollen industry, ac- drifted lower cording to Mr Swan,
lu dull foreign section.
Copper shares
national secretary of the stendied a bit Woollen and Hosiery
near the close, but fractional Workers' Union.
were
lasseq
numerous. Gold shares werC marked down in Buskess done on the Hong-quiet trading, and dollar stocks kong Stock Exchange this manu-
fost up to $1 In adjusting to ing amounted to approximately New York prices.-United $300,000. Noon quotations and Press.
the morning's transactions;
SHARKS BUYERS KELLEU! SALES
1034 1870 3701020
tevnos Metal
Shell Out Co.
Saint Reg. Paper
Sinclair Oil
Socony Mobifon
48
7231
South Puerto Rico Sugar Southern National Gas Southern Railway (Com.)
344
121
4124
10916
GU
Standard Oil of NJ Sterling Drug Co. Stokely-Van Camp Studebaker-Packard Coro Swift & Co
594%
10
BANKS
HK Rank
47
East Asia
220
Texas Co.
131
INSURANCES
Tide Water Ansa. Ou
43
Day
Tweily Century Fox Fi Union Carbide
15
2000 2
21
Union Pacific Hallway
1841's
United Aircraft
72
Waterbout DOCKS, ETC
K. Whart
1712
73
Dock XD
32.50
5D
0311
002
XD
Wheelock
2011
LAND. ETC
AK Rosel
DOL
NK Land
407%
tumphrey's
| RUBBER
US Gymm
179
Line Co
Rubber
US Smelting
US Stect
| Warner Bros
Westinghouse Electric West Va Pulp & Papet. Woolworth
United Preas
NY COTTON
TRADERS INACTIVE
New York, Mar. 28. Cotton futures activity slackened considerably to-
Lamband Underwriters
SHIPPING
Provittent +01
A. Rubber
Trust
UTILITIES
Trani
Yournati Ferry
B.33 .40 1100
35
14 10 14.20 1500 on 14.20
5915
-00 230 in 201
C. Light (0) 21 20
200 de 00
17.60 1500 ar 173%
WORLD
RUBBER
MARKETS
Singapore, Mar. 28. The rubber market opened on #better note and advanced on trade covering. There was a further advance on buying for April positions towards the close.
Lower
and grades
remills, however, were neglect-
153 100 10.000 1.55
2.30
་
180 23 200 23
100
102
450 ve 101
200 101
350 @ 21.30 ed. Futurter
430 75°2120
200 2130 No. 1 rubber per 15.
(*. Light (N) IDAO 18,70 Electric
20.10 2945 #M
Apill
May
.
020 10.30 120 10.30
June
9.80
8.30
Можно
Eleo (0) Macro
Elec (N) Telephone
X Al
....22.10 22.30 600
Dow-Jones closing averages day while traders marked INDUSTRIALS
WETC:
20 industrials
20 rails
30 Titien
03 stocks
40 bonds
Comm. future prices index Comm. pot price inulex
American Smelting
Armeo Sloel Armour
Baldwin-Liina-Ham.
[time_pending fate of the $10.25 long-debated farm bill.
Cement Пара Meat Indust STORES, ETC.
Dairy
22,30 500 s 23,30
34 344 2500 or 34% 14.00 13.20
135
2006 1.53
170.20
17 17.30 300 or 17.30 Watson 07.63
10,70 Prices see-sawed narrowly,
COTTONS 180.4 with nearby July showing rela- Textile Corp. 5.30 5,40
98.51
Nanyang frances while new crop
7.40 102.07 | Live
MISCELLANEOUS 101.30 months submerged below the
Yangisze
0.50 6.70 previbus close most of the time. Allied
0.10 4.20 200 At the close the list ruled 17 points higher to 18 points lower. The market opened up 1 to off Orleans closed
8 points New up 18 to off 15 points.
Singapore
No. 2 rubber per lb. April 0112-0115 No. 3
3236-9276 02-0344 unquoted
9094-41%
No. 4
i.
891-5
Spot rubber unbiled Blanket crepe
93-831
80-83
No. 1 pato crepe
1051-1003
LONDON
The market was steady with, spot quoted at 27 pence per
lb. Prices:
No. 1 Rss pot
2776-274
Settlement house term:
April
#2745-2796
May
27-3710
May/June
2012-2014
5.10 July/Sept.
Oct/Nov.
April
May June
Fapte crepe thin,
thick
Stock Market
Singapore, Mar. 29. Brokers today quoted following stock prices:
Jan./Mar
General markete, ett baste, ports:
NEW YORK
Roquefed
Futures closed today in cents
22.00
Closing Prices
Alden Inc. AGY.
21
Allied Chemicals
121
Allis Chalmera
72
mcon
American Airline
American Cyanamide Co.
713
Am. Mach. Fy
2014
American Metal
STEP
Bo
Am Sugar Stef,
100
American Tel
103
American Tab, "g"
TH
Anaconda Copper
80
Buying in May and July was credited to recent sellers. Plus covering before the long week- end holiday. Spot house buying also was coupled with export, commitments.
the
per lb, as follows:
Opening
14
20
1455
20
65
20
103
214
60
Batu Lintang Rubber Co.
Ltd.、、、... $130
Petroleum British Borneo
Syndicate Consolkisted Tin Smelters
Ord.
Lid. Ord. Frazer & Neove Frazer & Neave 74 cm.
pref.
No. 1 Rax
May
July
31.80
42/60
Sept.
31.10-20
Dec.
30.50
27/30 $1.70
$5.00
Standard contract
May
31.00
July
31.80
Hongkong & Shanghat Bank-
Sept.
Canadian Pacife R.
33%
support level for the new crop.
ing Corp.
$365 xd
Dec.
c. t. T. Financial Corp
Hongkong Tin Ltd. Kempar Ltd.
7/3d
Mar.
May
$1.00
Cal. Tractor
0715
Colne Corp.
19
70!!
50%
51
43
current slow trade until Congress returns from the Easter recess on April .9.
Petaling Tin Ltd.
Raffles Hotel
$1.00 $3.56 xa $2.35 $1.45
401
119
South British Insurance Co.,
Ltd.
1612
As a result of today's netion, price supports would continue be computed on the basis of
inch staple cotton,
which cumprises only small portion of the crop, most of the crop is more vauluable than that type, and brings n premium over it.
Notable successes were also jachieved by the group known as Associated Commercial Vehicles, which includes the well-known makes AEC.
and Crossley Maudslay.
AVERAGE STAPLE
The Administration
wanted
to base the cotton supports on An order for 100 the average staple. This would
ail have lowered the 11.3 litre horizontal
cents supports. the engines was received from Canadian Car
Foundry and Company of Montreal, constructs
4 morning session, the
most of the pubile service vehicles used in Canada, Senate-House negotiators' wrote
Spot
May 227
July
208-
AFC
Sept
Nov
210-
124-
Jan.
21717
Corn, No. 2, yellow
Apol
1Jm
May
140-130%
July
14321-
Sept
14414
Nov.
1.30%
Jan.
SAJES
the same firm.
Ryo
May
July
Oзtx
May
July
Soybeans, No. 2, yellow
Spot
Moy
July
انده
Nov.
Jan.
Harley
Spot
New York flour
200.1b. mock
11 32
Previously, 747 Leyland engines had been shipped
into the bill an entirely new
oil provision aimed at promoting
Baltimore & Ohio Bendix Aviation Corp. Banquet Cons
Bethlehem Steel Boeing Airplane Borden (The) Co.
Burroughs Add Machine
| Case (J. 1.) Co.
Chia Manhattan Bank ..
Chrysler Motor
Colgate-Palmolive Co.
Commercial Credit Commonwealth Elec.
Consolidated Edison__ Continental Oil of Del. Crane Co
Crown Zellerbach
Cuban Amer. Sugar Diamond Alkali
Dow Chemical
Ford Motor
General Electric
to US-Japan negotiations to curb deberai Fooda
imports of cotton textiles from Japan-United Press.
The Senate-House conference on the farm bill monopolised market attention but other far- tors act to restrain new interest included uncertainties OVCT raw policy for Government 37% cotton, and the minimum price
Market experts, barring any unexpected developments, antes Rubber Estates Ltd. 0.00
Malayan Breweries..... $3.30 xd 150 blu cipated continuation of the New. Serandah Rubber Co.,
Ltd.
воз
The certicated stock declined 530 bales from the last posting to a new total of 12,289 bales. Volume abd open interest
December
dollar-and-
ба
which at
In their only other
decision
Dupont de Nemours
228
were:
Eastman Kodak
BILL
El Paso National Ge Eric Railroad
4414
22 Monti
Family Finance Cory
24
May
July
0012
October
0342
March
Glidden Co.
Gen. Pub. Util.
May
40
Jub
Goodrich (0. P.) Co.
#71
Total
| Goodyear Tirg
72
Heyden, Chemical
1942
Homatako Mining Co. Ingersol-Kani
Inland Steel Co.
Int'l Business Machines Int Harvester International Nickel
485
361
Spot
021
May
International Paper
130
July
October
December
March May July
For use on rough unmetalled ronds or under "cross-country"
conditions, or, desert
several
British manufacturers bulld
|
chassis of special design with NEW YORK METAL Interchemical Corp.
and
clearance suspension flexible though to
high ground.
*din
allow considerable
207-20014
2104-270
74024
243
240
130-140
$13.70 United Press.
London Foreign Exchange
New York
Montreal. Aardeyefami Brussels ... Copenhagen Frankfurt - Llaberi
Stockholm Zurial...
Others
were
Londón. Mar. 20.
2009-280-7/10
axie, move-
ment when required.
Among the best-known and most successful vehicles of this type are the Thornycroft Anlar, Nublan, and Trident chassis,
One Of Largest
FUTURES
New York, Mar. 28. 'Prices of metal futures closed today in cents per lb. as follows:
Lend March
Apru April
Tin March
Zino:
March April April
The Aator, one of the largest and most powerful vehicles Copper March ever bullt, his six wheela and
Is powered by a Rover Meterolte of 250 broke horse engine
oll
power
or by a petrol engine
of equal power,
סתיני
prospects for
Mitt Tel & Toi
John-Manville Co, Liggett Meyers Tob, Co. Lockheed Aircraft Loews Incord,
Lone Star Cement Co. Louisville & Nashville R. 10.35bowanstein & Bobe. 16.35 Mebl from Corp. 19 256 Minnesota Mining 09.250 sallesian Development 12.30 MONTanto Chemicnt Co
Montgomery Ward
1200
354
Volume Open interest
10.100 337,000
13,500
294,800 21,700 308,700
32,700 377,800
12.400 135,200 14,400 101,400 11300
12,000
145,900 1,632,700 bales.
NEW YORK
Prices of futures closed today
Singapore Cold Storage
trails Trading
Stralis Steamship
United Engineers Ord. .... Wearne Bros.
$27.50
LONDON METAL PRICES
London, Mar. 28. Prices of metal closed today in sterling per long ton as follows:
karvere sellers
779 780
$25.00
$13.75
1820 xd
Tin spot
3-month
$2.77 China Mall Special.
'Made In Japan'
Tags
Montgomery, Ala., Mar. 28. The Alabama State Senate today passed and sent to the Lower House for adoption a
in cents per lb. as follows: - bill requiring all textiles and
NEW ORLEANS
30.000
35.40
30.54
32.18
32.22.20
12.23
30,000
clothes made in Tapin to carry the Jabels
clearly stating country of origin.
There is no apparent opposi tion to the bill in the Lower
31.44-45 House.
`Prieos of futures closed today
in conts per lb, as follows:
Spot
40,000
Motorola Ire,
May
433.2517
National Cah Beg. "A"
July
National Dairy Prod.
October
Nailonal Lead
December
Nadonsi Aurel warp.
United Press.
future New York Foreign
aro
commercial vehicles, sales everywhere promising and re- stable. For commercial
most
2.80-1/10-3.80-3/15 1oles are among the
20.45-10.4534 139.26+139.57% 19.30-19.007 117296-11,73 80-20-60.30
"
nchanged--United
necomsary items of mechanical
Exchange
Now York," SEAT.
equipment in every country and uhotelat lid whoso economy la progressive | B361
and Special.
expanding China
New York Central' Diles Maisleson Diis Elevators Owen-Illinois Glam Peni, Salt Co. Paolfo Gas & Mée. Puella: Western Qi Pan American Airways Paramount Pictures Parke Davis Co Penny J, GC, Co. Kup Morris
Prociar a Gamble"
/19 |:Pittsburgh Plate Glaume
Publickar Intrastrias. Think Off
Maren
May
July
LIVERPOOL
33.00
34,60
33.61
32.10
37.10
Future closings, in pence per
Ib. wore as follows:
Old contract
| New.contract
-^^ Mar/Apri
May/June
Juk/Auz
May/June
25.00
:
Alabama will become the second State to enact such a
measure.
Last month a similar bill was approved in South Carollon
The bill is backed by the Southern Garment Manufactur
which is eum- paigning for the measures in all Southem States-Router.
ers Association
Exchange Rates
Bane was done in the local
exchange market " thie' **9538 uneillGAI
moming at the tallowing rate: 20.70 U18. dollar (per:81)
Tko „Sterling notos (per 23) Me 2016 25: Autirminn notes” (per £1) '; Deo Janika "add" "Indonesian rupisk_(per .:100) yptian Warnak Bar:/sorih 4046-HIRM LICA (per 100)
10.10. chUnited "Piusfit, Bingapore. {Straits), ALMENNA 1930
Copper anot
3-month
Lead 2nd halt Mar.
June
Zine 2nd half Mar, June
ited Prese
Looms throughout the country were lying idle through lack of orders, he mld.
In Mr Swan's opinion, the Industry as a whole presents u picture that has not been bicaker since 1934. He placed
this the responsibility for the Government's policy of unrestricted importe with the current credit "nqueeze" US a secondary factor.
In Bad Way
on
Mr Swan said that machinery worth hundreds of thousands of pounds Was al present ip- operative because of Insufficient demand.
Manufacturets of yur for sale to knitting factories were the hardes hit, họ continued.
Nor had protection given manufacturers of fashioned silk and hostery. The woollen
been full-
nylon
Ploce-
good section/was In д bnd but so far the sectiona way, producing worsted materials and knitting fashioned garmenta had managed to hold thele own.
China Mall Special.
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