1956-04-05 — Page 9

"

THE CHINA MAIL, THURSDAY, APRIL 5, 1956.

TRADE and COMMERCE

WORLD RAPID MINING EXPANSİON

RUBBER MARKETS

New York, Apr. 4.

No. 1 R rubber Rutures 10-

day closed fi to 56 points higher

with sales of 188 contrae-s.

30

The standard contract closed

to 65 points high.r with enice of 12 contracta,

The price rebound was aftri- buter

conditions,

Lo technical

following a prolonged decline, rather than so any change in the trad: news.

In the shipmen: market, (atr quantities of ambers were re- ported avaliable, but there WAS il fack of sheet rubber offerings, with Sum reported generally out of the market for a week.

Factory and other

consumer

buying locally continued absent. Spot No. Rss wire quoted no- minally at 314 cents

:

Futures:

11 30-40

SEEN IN

CANADA

Production Of Atom Age

Metals Also Possible

Ottawa, Apr. 4.

Rapid expansion of mining output during the next ten years is being predicted here following sharp changes in the pattern of the industry in the first post-war decade..

If metallurgists succeed in reducing the cost of produc- tion of the so-called "atom age metals," titanium and lithium. and the "jet age" minerals, tantalum and columbium, forms of mining entirely new to Canada will also apppear.

No. 1

May

July

21 10-20

Sept

3065

Det

3000

Standard contract:

May

3125 21.00

3040

Z 79 2010

£ 108,300,000)

July

Sept

Dec

Mor

BINGAPORE

delines

10

The market opened better but dollars (some £593,000,000)

trude did คาเฟ่ support until pricen came off in the afternoon. There was some overseas buy• ing and price, steadied towards the close Futures:

No. 1 rubber per ib. April 06-8012

May B-H94. June ungunted No. 2 rubber per ih April 00-881; Nu. 3

8735.0 80-07

No. 4

Bpot rubber unhaled

Blanket crepe

No. 1 pale coope

LONDON

spot quoted at 20

1b.

Prices:

No. 1 Its apot

Boulement house teru

May

June

013-87

103-104

203,-20,

20-20 201-26% 2848-231-

23-255

242-247%

1935.

in

This pace promises to be far |exceedest in 1950 with

world demand for base metals and iron ¦ove undárinishid, while domestic and American requirements for Canadian petroleuma continue Fulgh

anch

Fin

WORLD

COTTON

MARKETS

New York, Apr. 4.. Cotton futures today Bee-sawed narrowly in quiet dealings as traders awaited now Incentives,

Alternate rallies and declines

followed spurts of liquidations

and hedge selling while scl- back

limited uncovered

from exporters and

demand

1

mellaneous trade buyers.

SECTION

Jap Shipping Exports

during

Tokyo, Apr. 4. Japan exported a record 2.214,000. groun tams shipping valued at 8139,- 611,000 1955, the Transport Ministry disclosed today. more than five times the 450,000 grown tone goal wet, - pro»' viously

the YOUR' exports,

of the 150 ships exported. 25 were tankers, 05 freighter And 10 wilsoniłanootis” types, › Inte

Greek ship building and shortage of shipways in „Japan largo-typo

for

will

provent any great increase În ship exports

ID AKCAL 1950, Ministry officials predicted.--United Press,

HONGKONG

STOCK EXCHANGE

At the close the list ruled off 17 to up 3 points. The market off 9 points, openext up 2 to New Orleans closed off 14 to up 3 points.

10 continued Indecisiveness Since the end of World Wor; 113,000,000 Mollar (about (Lake and Muskwa-Cat Lake, in reflect several overhanging H, the value of Canada's mlolug £38,000,000) in 1955, and by Munitoba,

unvortainties, traders said. I, production which,

Inte production has increased from uranium'

Similarly, while the Naranda, Question of the ultimate 408,800,000

and (about though valued at only 23,000,000 Quebec,

Flon of the farm bill; 2. A clearer tatout

£8,000,000) in | Manitoba-Saskatchewan, 1,778,400,000 dollars

areas view of Government policy for 1955 is due to reach an annual have in the past produced most handling raw cotton exports: 3, value of 250,000,000 dollars of Canada's copper a great new Expec

for Expectations

the long- (about £84,000,000) in threw fleid is coming to production

announcement on the delayed years, according to the authori in the Chibougamau district of

interim loan rate for the new intive Financial Post, of Toronto. Northern Quebec.

As for lead

the crop. zinc,

Liquidation there was 4590- Canada also has rich deposits largest known deposits are ciated with of the "atom age metals" which awaiting development

reports that do- are engaging the attention of 400-mile railway frorn Peace meetic mills and foreign buyers metallurgists. titantum

and

River, Alberta, to Great Slave hinted to postpone major new

Business done on lithium, and the "Jet

purchases until carly autumn. age" Lake has been constructed.

That policy WILS expected kong

this minerals.

tantalum and colum-

Of tho atom age metals"

shaped

amounted the morning to

on

ap- bium, which may well play antitonium is very widely

that lower

$820,000. prices proximately

Noon importnot part in future Cana-tributed throughout the world.tory

of follow in

the morning's will

the wake dan mining development.

well as in Canada.

Government plans to sell the Pilot Plant

cotton surplus overseas, either on a competitive bid basis, ar through

varinblo

subsidy arrangement.

The certificated stock held að 11,722 bales,

Interest Volume and deposita

орец

Volume Open_interest | DOCKS, ETC.

Outweighed

of tu

source

wealth

Canadian horseshoe

At the end of World War II, The market was steady with gold accounted for 20 per cent of

The Canadian

principal pence per |the total value of

Canada's mining mining production and was the

to be the proving most important single product.

Shield, a formidable By

gold production, of rocks (including Precambrian) 1965. which had receded somewhat which rings Hudson Bay from The Ungava peninsula of Quebec, bsolutely to an annual value of 157,000,000

(about Jutting dollars

far down into Quebec outweighed and Ontario and bending North £52,400,000).

Manitoba through

and 304,000,000 again by

petroleum

the North- dollars (about £101,400,000); Saskatchewan into

wes! Territories. copper, 239.000.000 dollars (about und nicke! at dollars

Cover

July/Sept

Oct/Dec

Jan/Mar

Fatats

Estate crepe thick

May June

General markets, vil basis, porks; crepe thin May 29,

AMSTERDAM

quoted

253-24

2546-23

The market was steady. Prices | £70,700,000) closed today Kuliders per 210,000,000

in

allogram, cit, April. as follows: 472,000,000),

No. 1 rubber

No. 2 rubber

No. 1 rubber

No

mepe

New

2 58 done

7 D dunr

2.43 bid

2.00 moh.

-United Press.

wita

There is every indication that it will shortly be outstripped by stood at Iron

which

оге,

York Market

Irregular:

Moderate Trading

Stocks

New York, Apr. 4. moved irregularly

moderately active trading early today with only a few special issues moving out-

side a narrow range.

. There

further WDS taking an extension of yester- day's trend-in the absence of

developments any

ДЕНИЯ

and

Since

Barrier

once

Π

dis-

More Interesting perhaps are lithium, now being mined at La Carme, Quebec, and columbium. of which substantial have been discovered at Oka, the site of a well-known Trup-

pist monastery in Quebec.

WETC:

be

В

(From Our Correspondent)

Page

Scattered Advances On London Exchange

London, Apr. 4. *

Stocks opened a new two-week trading period with scattered advances in quiet trading on the London Exchange today,

Good nows about Britain's gold und dóller reserves

brightened mentiment just be- CHICAGO GRAIN

fore the close. But turnover remained low at 7,849 bargaina,

Induvirials were quiet with changes mostly restŕleted to issues affected by dividend re- ports and "outlook" statements. Associated Electric ahead. And Rolls-Royce Arm- ed on good overscas demand,

Foreign Bonds

MARKET

Chicago, Apr. 4. Wheat closed today up 1% 10 pushed 4% cents; soybeans up 1% to 3

| cents.

Oll, reverted to disorder after yesterday's solid advanco, Royal Dutch skidded nearly £1, and Shell wan another loser, Others gained or lost amounts, helped by a rally just before the close.

Other gralu futures closings, in cents per bushel, were:

CLOSING PRICES

Wheat, No. 2, red

Spat

240n

May 23841 22015 (4) 2344-233

July

Sept

Nov.

212-1 21416 2173

Jan.

2107

small small

Corn, No. 2, yellow

Spot

1430

May

July

British Government stocks wcro mainly unchanged A few of the gills managed trae- | Bra tional gains in quiet dealings.

Sept.

Nov.

Jan.

MAY

July

Gais

Foreign bands were largely

May Berlin six Inactive, although per cents spurted to a new high Soybeans, No. 2, yellow

Juty

and a at £100

Low South American Issues found support.

Spot MAY

the Hong- Stock Exchange to

Anglo-Lautaro about six shillings.

Nitrale

Coppers ensed,

added.

with weak-

July Sept.

Nov.

Jan.

quotations and transactions:

nosA appearing Roan Antelope

in and

Selection Trust.

SHARES BUYERS SELLERS SALES BANKS

K Bank... Fast Asia...

INSURANCES'

Lombard

10015

Rhokana, Barley, Rhodesia

#pot

Dollar stocks tended lower.— United PreES.

LONDON METAL

PRICES

London Apr. 4.

New York flour

200 lb. sack

14434- 1401-1

14996-12

443-14172

J4031

13124-76 12014-150

6346-2% ORAL

2771

$1792-19

201-28014

23011

2471-1/2

2405

120-1400

$13.80%

WINNIPEG PRICES

Winnipeg, AT, 4.. Prices of grain futurks closed today in cents per bushel as follows:-

1050 1000 18 m 1680

229

Oats

Underwriter

SHIPPING

0.00

Waterboat... 17

Mey

July

Oct.

May

30,000

02,000

July

25,000

280,100

14,000

300,000

K. Wharf... Duck XD ... 38%

73

Prices of metal closed today

By0

10

800

34 345%

in

sterling per

long to

· May

(L

July

12,300

300400

3,700

140,400

$300 2,000

104,100

Provident (0)

XD Wheelock

follows:-

Oct.

.... 13.20

buyero

Tin spot

B0000

753100 NEW YORK

1,024,900 balos

LAND, ETC.

3-month

HK Hotel

A pilot plant for columblum Ort. foreshadows Jurgo scale produc- Dec. tion in the Lake Nipissing area Mar. May of Ontario,

Judy of Total Canada also has supplies cerium Shield,

and many rare earths the Canadian

Prices of futures closed today is associated with columbhum and forested, though heavily largely barren of arable soil, it uranium depoelis, though there as follows:

no immediate plans for Spot has proved a formidable barrier TC

developing

these-China Molday development.

July economie

Spovini.

October Sparsely settled, it has driven

December economic wedge Eastern from Western

to

in

dividing Canada,

imposing a long, unprofitable

haul upon railways and render- ing more expensive all sorts of communication systems from coaxial cables 10T radio to natural gas pipelines.

4

of

INDO-POLISH

TRADE

PACT

Today, however, the Canadian (or Precambrian) Shield is being recognised as one of the world's greatest store houses of minerals. Darren lands which were once

New Delhi, Apr. 4. national handicap are now

India sigried a trade agrtc- in becoming one

Canada's ment with Poland today. It will principal asses in producing remain in effect through 1959.

though wealth,

They connot The agreement provides for sustain a population like that of settlement of accounts between the prairie farmlands.

the two countries in Indian provides for Shield, poes.

scientifle and technical high grade iron ore production closer

between Polish more

the doubled in 1955, co-operation

tho largely due to

Quebec and Indion industrini organika- Labrador dévelopment ni Knob tions.

Steep Lake and the

Rock the Alkokan area of Western Ontario.

prost-

General Foods

General Mutom

Gidden Co.

to

Goodrich (B.. F. Co.

074

'Goodyear_TYTO

Hayden Chemical

Huntake Mining Co.

Inland Steel Co.

to

Kenerate new interest.

Sothe pil shares thet with further demand. Sinclair won active

1% points $0854 Standard of Califomja Hained 10 $107, Socony Mobil 1 to $7074.

General Fonds responded to an increased dividend and two- for-ono stock split proposal with a gain of 1% to $95.

Bethlehem rose

4 to $104

to highlight

group

firmer steel

Rails moved very narrowly.

Ingersoll-Rand

Interchemical Corp.

Int'l Business Machines Int'l Harvester ..... International Nickel internationat Paper It To TOT causas C. Power & Light John-Manville Co. Kennecott Copper Liggelt Meyers Tob, Co. Lockheed Aircraft Loews Incorp.

Lone Star Cement Co. Louisville & Neshville R. Lowenstein & Soni. Mest Iron Corp,

Dow-Jones closing averages Minnesota Mining

were;

30 -industrials

20 TO

15 utilities

00

stocks

40 bond

Comm. future prics index

Moody's index.

Closing

Alden Ino. Acy, Allled Chemicals Allied NOU Expo,

Allis Chalmer

American Airline

Prices

American Cable & Radio Corp.

American Cygnamider Co.

Am. Mach. & F day,

American Metal ..

American Smelting

Am. Sugar. Hof.

American Tek & Tel

American Tob; “3** Anaconda Copper Λίππου είναι

Armour Vande

Baltimore. Oho

Mission Development

Siaos Monzanto Chemical Co. 111.04 Montgomery Ward

67.14 Motorule Inc.

1537 National Cath lies.

90.15 National Dairy Prod.

152.64 National Lead 11830 National Steel Corp.

New York Centrul

Ölin Mathieson

Otis Elevators

Owen-lilinna Griman

3531

03.

Al either end of the

development in

Production Jumped

Production

It also

Poland

agreed to sell rolled steel products and cement to India, India will sell iron or to Poland

Poland also agreed to supply ocean-going vessels, the jumped from specifications for which are 1401% 7,801,000 tons valued at being considered by the Indian

dollarn 49,060,000

(about Government. £16,000,000) · in 1954 to Poland is expected to export, 13517,377,000 tons worth 113,000,000 building and road machinery,

dollara

(about £38,000,000) in complete sugar factories, 1955, with a further sharp in alcohol distillers and machines crease expected during 1950 and tool plants to India. still greater expansion after

40% do

the

60 133%

St Lawrence Beaway io bpened.

India's imports from Poland

Jost

Year

totalled 18 million

0

4316

0716

The conservative minded Typoes and exports 3 million— Financial Fost suggests that United Press.

.35,000,000

to

3

March

36.20n

15.03-03

33.43-49

32.00

31.10

32.19

NEW ORLEANS Prices of futures closed today

May July

as follows:

Spot

May

July

October

December

March

Мау

July

LIVERPOOL

8,39 640 1650 €) 3.30

14.10 14.20 2000 de 14.10.

HK Land ... 0015 Humphreys.

RUBBER

A, Rubber,. 1.4715

Trust

A. Tawah..

UPVELIKVIENS

500 14.20

05 3300

61

17.00

5000 ₫ 1,50

2.30

520 1000 – 8.40

Tram...... 22.70 22.00 1000 22.00

100 22.80

2000 22.00 Yma Ferry 103 104 100 103 C. Light (0) 2322.40 30000 32 C. Light (N) 19,40 1935 1000 @ 19:40

Copper apot

3-mooth

Lead 1st half Apr.

July

Zine at katt Apr.

July

wellery Barley

773

387

May

July

THE

30116 Flaxseed 22034

1183

-0714

May July

Wheat, No. 5. 2043 centr United Press. 134-cents.-United Press.

1600 10.50 PENINSULAR

200 @ 19.4D

20.30

33,60

2000 * 1915

Electric

20.70

30 800

Bonus

ដ

The volume of trading in futures on the Liverpool "Ex- change showed a severe drop during March.

The daily average of trading for the month bales, lowest since the futures was only 6,024 market reopened. March was 19,639 bales.

The daily average a year ago

Cotton future closing in penco per lb. were:

Old contract May/June

July/Aug.... New contract July/Aug. ...

Oct/Nov..... 27.20 22.10 Dec/Jan. Mar/Apr. *** 25.00 Egyptian Karrak May/Juno 48.70 500 Paulo cotton prices were unavailable.-United Prop.

26,23 24.23 30.10

28.70 Rts 10.70 10.00 50 10.00

Macro Mac.

(0) ... D.BO

Telephone

KALL ... 22.40 22.80 000

38888 88 8888

INDUSTRIALS

Cement 34 34 000 Rope

14.40 STORES. ENC.

Dairy

14.00

& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CARTHAGE"

17 17.10 1000 17.10 SAILS:

11

Watson COTTONS

Textile Coop 15.25 Nanyang

40 MiSCELLANEOUS

Ailled

200 17.10

11.20

3.10 5000 5.10

Singapore

NOTICE TO PASSENGERS

BAGGAGE:

Friday, 6th April, at 12,00 Noon for the UNITED KINGDOM, via Singa- pore, Penang, Colombo, Bombay, Aden and Port Sald,

Passengers are requested to send ALL": BAGGAGE to the Hongkong & Kow- loon Wharf Cols Godown at No. 2 GATE, CANTON ROAD ENTRANCE, by Noon on Thursday, 5th April.

Stock Market SPECIAL NOTE: With the exception of hard packages

Singapore, Apr. 5. Brokers today quoted the

Opening

Batu Lintang Rubber Co., Ltd. $1.45 | EMBARKATION:

WITHDRAW following stock prices:

EMBARGO APPEAL

British

Borneo Petroleum

Byndicate

Consolidated Tin

43/01 Smelters

27/Gu Fraser & Neave Ltd., Ord. $1.70

carried by passengers themselves,. ALL BAGGAGE must pass through the Wharf Co.'s Godown for loading on board by ship's slings only.', 'a Passengers should embark between 9.80 and 11.00 a.m. on Friday, 6th April, 1956,

}

Fraser & Neave 215 einn, pret. 15.30 Subject to alteration with or without notice Hongkong & Shanghai Bank- Penang, Apr. 4.

in Corp.**

| Malayas "Breweries

President of the Penang Rub- ber Trado Association, fr. Heah Joo Seang, today dearibed Communist China as "a market New Serandah Rubber Co.,

Hongkong Tin Lid.

Kampus Ltd.........

2/4-15 $1.00 Lunas Rubber Estates Ltd 1. 0,00

13.25

$1.77

Peleiing Tin Lid: Rafice total

$3.03

$2.95

Bingapore Cold Storage .....

$1.45

with enormous

Malayu's rubber,ssibilities for Ltd.

Speaking at the Association's Annual

90% estimates -at

1900 may 40,000,000 tons for have to be

reylad upwards. New York Coffee It declared recently, pleture looks more 140,000,000 to 45,000,000 tong

perhaps by 1960 and year 50,000,000 tom worth 550,000,000

cathing, Mr Heah, said South Belush Insurance Co.. dollars (about

£184,000,000) 201 year along about 1802 or 1983," Santos બ્રહ્મ coffee futuros rubber exports to China would trai

pro- today closed 25 to 30 points In any event, iron ore 53 xil duction is likely

Falcs

44

21

1241

Fucille Gas & Elee.

Pacific Western Oil

21D P

Pan American Airways

25

Paramount Pictures

Porke Davis Co. Penny J. C. Co.

2016 Peno. Balt.Co.

12 Pinto Merria ..

10346

30

Procter & Gamble: Co. Pitteburgit Flate Glass Publicker Industries Pure Ou

war Radio Corporation

Republic Steel

2011

Reynolds Metal,

Dendix Avlatlón Corp.

Ba

Shell Oil Co......

Benguet Come,

Saint Reg. Paper

Bethlehemi Steel

1084; ¡Sinclair Ofi

Boeing Amp)RES

Secony. Mobilo

Borden (The) Co.

South Puerto Rico Rugar

Burroughs Add Machine

*

Southern National Gas

Comadian Pacific R.

3014

Cat. Tractor

0042

Soumern Railway (Com.) Standard Brands

Celanese Corp.

18

Standard Ot! nf Cal.

Standard Oil et Ind.

Chase. Mankat. Blank

BO

Chrysler MOTOTS

E

20

Coo Col

E

Stoker-Van Camp.

5632

404

Swift Co.

434

C. I. X. Financial Corp.

9732

t

(

to

the embargo on Ltd.

Futures

Now York. Apr. 4.

Straite Trading

01

| United Enginedrá",Ord. p. be meaningless.

a Werne Bros. Rubber wa?

no longer

-Ching Mall Special. strategle war malcelal and it

£8.23

$2.70

outstrio all

higher with

35 other forms of metallic mineral contracta.

of

40 production, and even excoed in The "M" contract closed 50 to was the height of tally to cripple value. the remarkable results 120 points higher, with sales of Malaya under such a burden, predicted for rantum here.

مال

48 contracts

is round the rim of the Prices recovered after a mixed

he said Reuter

that start, with traders attributing a NEW YORK METAL

covering

New York Foreign Exchange

· Niw York, Apr. 4.

Do-dry futures 2.00-3/32

pl Canadian Shield, 100,

uranium has chiefly been found,

and

trade

to

May

July

September December

March

buying

FUTURES 81 from the Great Bear and Great movement based on technical

England official 474 Slave Lakes in the Northwest

conditions rather than .uny

New York, Apr. 4.

90-day futures chango

the character of the

Prices of metal futures clarod Australle

New Zealand trado zuwa

today in cents per ib. as follows: South Africa In the spot market, Santos 4# 2dad. April

15.500 note Futurte: held at 54 cents.

MAY Th 03.50

April May 04.30-50 04.30 Elno April 09.05 67,50

14

„United Press.

Mary Copper Apru May

Colgate Palmolive Co. Commercial Credit ......... La Comnijonwealth Bien, Consolidated_Edløbet · Continental Oil of Del. Crate Co. ALE Crown, Zellerbach Cuban Amper. Bugar Lever Diamond Alkali

flow. -Chemicala

13) Dupont de Nepoties,

·Ki Paro National Gua

Ford Motor

Blandard Oll of NJ.

Bieiton Drug Co.

Binabaker-Packard Corp.

Texas Co.

Tile Water Anti, Gile

401 Twenty Century Fox Film

133 Union Carbide

14217. Unlən, Pacific Railway

091.ited Afroraft

1000, Сурет MA, UK, Kine Co. #5% UN, Kubben az 235 US... Emeling

Warner Bros.

201 lodge,

Territories, through Begver

Saskatchewan, Blind River, Ontaris, and 'back. 1234 North to Labrador.

ID!

Eldorado

Eldorado, in tho Northwest Territorios and Beaverlodge, in (33) Northern Baskatchewan,' (daro already in operation but by 1990 nd possibly six, or eighty mills will,be.runuing, on 30% Omario's Blind River cămp, Vý

The Canadian Shield, at Bing bury, Ontario,

tario, has long buma: LETÁ

world'

inieki: Budbury,

CHICAGO LARD

FUTURES

42.70b

Exchange Rates

$2.00-13/10 2.79-22/32

面

281-1/14

3108

2100

United Press.

London Foreign Exchange

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