1956-08-01 — Page 9

THE CHINA MAIL, WEDNESDAY, AUGUST 1, 1950,

TRADE and

COMMERCE

SECTION

NEW ZEALAND'S NEW OUTLOOK USSTEEL CORP.

Danish Cheese

ON TRADE Manufacturing Ousts Company Sold

Farming As Biggest Income

Wellington, July 31.

The future pattern of New Zealand's trade policy is now being considered afresh by the Government and by the country's

the producers following realisation that the productive value of the dominion's secondary industries now exceeds that of the traditional wool, meat and dairy industries.

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Koplom Agn

4.4.11

Now

DOW

1

they

the page to minge

and effect to expo!

the part t mattolar Pane

.1

momofoniugang Gatoo!

The t th!

were condens

Catulahje

Whet

Zvuk and

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Fears Expressed

Copenhagen, July 31. Denimark's largest cheese Grm the Peter Jensen Company DAN been rold Ip the American Kraft

Foods Company of Chicago for 10.000.000 krotier zabont £300,000 sterling),

Negotiations were con ducted for several months and have

resulted in the velling up of Denmark named Foods International,--China Mail Spreial,

WALL STREET INDUSTRIALS

NEAR ALL-TIME HIGH

New York, July 31.

Industrial stocks bumped their all-time recent high in an active market today.

ite

sezon after of a branch to

Kraft

Mrs Neille Hamptan Negled her penutes us she waited for the young man to leave the telephone box Polperro, Cornwall, Hoew impatik, peered itio the box, saw Qie man rrinove thr light bulk. phing to his etcetrie shaver, and shave

WORLD

COTTON

MARKETS

New York, July 31. Cotton futures

เ

rosc

mo

Sorony Mold

AL He love

the Industrial Moselane thi Betrage 12^2.4 at 317 . # 39 points on the clay. and the the highest

April 9. the average had high of $21 05 reputed to diplicate jakeasti tal push hit got

Santa Pe fell when

hrane and offset

Mil Its record Kufuath the pelback 32 50

90

RECORD SALES

New York, July 31, United States Steel Corp. Today reported cccord males and earnings for the first half of 1950

The world's largent #teci producer In the air half had a total sales volume uf $2,200,200,136, largest total for any half year in the company's history, Tha

compared

with

$1,908,180,985 lat year,

Its Earnings for Hall year swelled to $208,550,- 441, also the best for Mmilar

or period half. This was equivalent " to $3.00 a share on com-

atly ду

Mand

Santhy Puerto Rico Sugar Southem. Notkond Cai Southern Hallway (Com)

Standard Brands Stabda on of cal

28

3744

4792

194

301

Standort Ol of ind

GIS

Standard O of NJ

60

Sterling Drug Te

Asta

mon stock, and compared with $177.877,000 or $3.10

Stckely Van Camp

201

1

1 1 ។ '

Studebaker -Packard Cur Swift & Co

4915

Texas Ca

31.

Tile Water Ansa Ol

43

Twenty Feators

Fox Film

241

Umote Carbide

• 12744

INI

of that a moment lay ultimata &

Trading maresas) to 2520 AERI

اوول

Unia Pacifle United Aircraft US GypstoTE #5 Line Ca 45 Rubber *N

estr

from followed hv

MA

led the op

metals, oil.

The By

2

11

Th Contine atrel

pose bagl

WOKAT

passt lightly t

1

they 201

3

11

Bethlehem Steed at the adve

Metals other than steel made showing with

10 ven

10g

1 Need

Watnet Bros

Railway

Washingħatases. Faretrie

Want Vac Palo & Pape)

share lant Year- I'nited Press

Rhodesia Has Many

Projects

Being Developed

London, July 31.

Stating that "the Kariba dam project has to some extent overshadowed the many developments being undertaken in Rhodesia," Barclay's Bank DCO, which has 68 branches in the territory, has issued the following list of these projects.

Tr

the Wor Victoria Sugari tri ave sugowe production du for be merensed from

12 4,000 more than 40,000 tons at yoT AN a result of the projected €2m Kyle dam To

to be spelione 12,000 acres are to be

12

lf into settlements About 80 setters will be brought in al They will be respintes to copht: but

20

HONGKONG

of expan

{1

1200.400

HOM

021

12711

0746

AU

12.

O'zilard Photos

STOCK EXCHANGE

intend on Nirket up early CHICAGO GRAIN (From Our Correspondent) Estí a shores Coppers were strong,

Con serge Alumiinilutii este***?

Oil Gains

To the cat math

berakh

Chan on Cutt Ch wine by ne edily wan

utscher th

14 The Egy pan wiznee dealings, of the Suez Can The marke

I'm get ispparently Canal altter

today active the third secutive daily rise.

sharply derately

It

WAA

-

have been exprm e

Spoder paren ....

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Nett Effect

Zeal al espand

2 440 t ned Kongd me

Ju fond presboers and that the

Band He premistis toked meat

11,

The net! Test

A

That Nex

New Zeround Meat

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when

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New

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Prated Kant

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The

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Close men

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The Good Agermei Tariffs and Trante (ATTE which both the Ended Run

1 The Government ....

and any momiend, kag been savewly

Post T 1 Freest Batement: Acting Potter Minister Mr Reth the said m the Baked Hody oke & Sabon Government, foleang

meant dreg

at London The last months. but agreed to hold ment These at GATT ams to

New Zealand International, frate talks with Felure Dalam

! of rest this

ti Barter

vecukl abice Fax

unst New Zealand are plage

L

guments

J 15 pes

Traster

trade, opareses proferences Havours Griffs asteart of queña vizesintune

Mtawa when restart ...

Duded Rangboom. Alv

Secondly, Mr

fre

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market

selves, aided by

Utuid Rugden times

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Över before

Secondly to Augeot so

several years of amusparat

activity 1.

major suppl

Kunigo meul an.rket

US Surpluses

Thaly

Halstead + ferent Auckland - pre attwa Patt ate Zealand's Tearling 10

Has mam coneluspa #foamperator *W!

odernational

atre

!|!

agileulforal may- The puts of party

New Zealand which developing new markets mest

on short

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the her, average 11. 「, Wt i!* recipe higly

Some of the hand Gem and alteraft hund several

Stick spots.

11 was a big day AAR

the mat bed not only higher but also con adderably broades

A

total of 1,177 sques appeared on

the tape 43 me je than yesterday.

120 #divanerd.

sol

derinand

Langed

19 19 touches hill were holding

Hrst gentia de a the

1

...

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The f-14

I

3 New Zealand be considered.

consultatio As ful any changes are made

preferences. Kingdom meat There is at case 141

IL POVANDOR although New Zea thal

WIL.

The apparent chrome conlilian of dary surpluses The United State has led

euntry, in The words of Mr land's misga ings on the effects William Marshall, Chur of the agreement di mot maleft

Dairy Pro Australia's mind of urgency: 5 New Zealand

of Ottaw any ཟུ་ཟླ%, s¢A/ duela Marketing Commission, to Thai

of the neer's take account 11 buller and cheese "dump"

and strategie interesİN political various overseas markeis

as well. there of the Commonwealth

at question of trade.

And in New Zealand

have bren changes 111 less As new markets fundamental,

Not Gloomy

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NEW YORK

NEW ORLEANS

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Para o Drapes closet). Toky as follow:

fet 1.

Mon

到 229 heid GOES

New Youk Stock Exchange

MARKET

Chicago, July 31.

Hong- bonus Suxk Exchange BI MONDEOg amounted to approxi- mately $010.000. Noon quota

Bustness done on the

Pavers Meters

Radex

The trend in grains was, tions and the morning's Truns- steady to firm at the closions Whites the ing of trading on Board of Trade today.

;ILLPI6 Wheat made nonis:40)

tum rash market Meeti coupled with Brited resripts at 174171 Flower letinal markets laying absu as thed! offerings

Soybeans

We'

anther side of the previous o loca,

i,#13satJ 1ue r* u A Kannet This site rund the stock ! soybeans in all stage post some July 1 totallel 64 2 multin use the l

35 per aterna lisada rocks of a m

1

An

1 ፭ - tunk volume was $4,430.000

SUR with Stock Aberivant

Exchange volume was 1 180,000 shares.

Brazil

emergency ship- Da Pengasi meni

US 1P5 the

*** เร scheduled to go to Tran to plenish storka" used to help feed flash food victims there.

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Closing Prices

Alden Law Als

Brynict Motora

meral Credit

311 1

170 65

71 14

62936707

offered $4,000,000

Exporters

215, 4

pouris at edible

1542

to Spain last night

413 21

45.

Wheat closed DIT N ent, soybeans up to off

ACHIN

CLOSING PRICES

Price per bushel in cente Wheai, No. 2, red

7415

70

12 Soybeans, No. 2, yellow

244-243

24145-2403%

23034-230

2421-242

249

240

130-140

Your

The plan wall to developje felly

WORLD RUBBER MARKETS

New York, July 31. The No. 1 Ras rubber futures closed today 80 to with points higher

41

10

85

Citrus: Wonk has bogaty was try developement st th

Velly

dustry and the fippo Slate ho gly a the Govern Jewel an bertaking in plant 500,000 extras Fress

Timber: † 7 000 000 being lo

saler of 315 contracts.

The standard contrnet closed. 70 points bigber will sales of fute vonttels

Vlasting pilers

Decondes

No. 1 Rss

21.10 34.15-20

Standard contracta

Tang

11-

Splend 1502 0.56

33.00 33.00

Mase

May

New

S.1

Jade

Tilla: Je .NET

* 1W༢ex1]1tt

Tea: LA CHOD DRUG vested 111 establishin plantations,

Copper

$5,000,000

di veloping ropper mines

steel. At Bison it by top! flent private enterone will sub scribe

£1,000,000 vn steet plan aut

the

31.20

30.20

29.40

20.00

Speculan baying, refeeting

bitantion

• kat

Dutch

In bulbling mills and betones

to use their by-products

Lithium: At at

BANKS * Mares

XU INSURANCES flag

INGUL

1474

SHIPPING.

Alper Jam M

→

T

|| 2.

PAKKI

DOCKS EN

is being

Is Who!

1

... 94

lithium mining

41

000

F1 71

1441 5 14 20

... 14.30

10X20 - 14 INF

300

.

143-4

4.1

16 141

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Westle Com

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LINVESTMENT.

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athi

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15 1000 13 60

XXX

2016 40

Invested

000.000

Develop

Thu: St Kamadiy). about 35 Wanke miles from

$3,000,000

is being sent on the tin m

The

thi being refined here is of top world, E9 per cent purity

Laist gear's quoaduction at Kant- vi talled 294 Dne of concens trate, where in the diet a months of this year 174 Jobs Đă concentrate were produced.

Asbestos

Near £5,000,000

15 being vested in the genegad

475

the Suez Canal 1pe.༥ས「་¢] prices

1td

but day bust was pared SOIDS What

huyers declined

"P"

to come into the aurket at the higher price

Outside the termed makes

fuir quantity

rubber

of shipmenİ

against

The N

the There

was sold

<10)

WAN some factory buying.

Spot

No 1 Rss sheets were inly at 38% cruxts.

SINGAPORE

Profit-Taking

t

selling

Shatan

developi

caused rubber

Futures:

here reuction

In the There marteest

Was Com muidend factory buying at lower levels

Apart

No 1 ufibres Det 1;

18-DU?,

ไม่

187-9733

A 2 Publica D No

ment of the asbestos matustey.

Acid: 13,000,000 Sulphurie

result being invested, an a

which production of sulphurle acid should begin by the end of next year, followab shortly after

super-phosphates

A

Salisbury Telory. involving

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Cement; tement

£1,000,000 of private vapital, is Mull China

tuigusted

I AURO

3 runjer ver lb. Aut.

*robleem verib Aug2.

Spot rubber bæled

Dorian rebe

024-0234

No

I pole PSPDK

*I*14

LONDON

was arm Thorkel spot quoted at 20% pence th Prices:

1 rubber

2 rubber

No

3 rubber

No

1

crepe

2,85 buyers

2,00 buyers

2.72 buyers 3.40 buyers United Press,

St Jam LAND ER MK

L

IIN LE

T:

wa

Jerk ******

large amount

France 24

wils

Kelly RUDDER Ambig Test

1421

150 135

159

Ya

140

1

20 40 24 25

200

24 n

Th

.50

star Pers

1330

245 1.

Yamat

* °

1.

10

24 19

Taki

EXTY-3

༄। '" !

145

!

IN

Zen an

22.R

sabeant and

Juds 23 A

The Month

TA

2,

119-00

future

200 or 32

07-AB1+

AP

Madys

2010-12

71-70

ka

at last seasoni

M44-46 E

120

118-120

fly

23, 25.0

1000 23

120

N

51M) ...24.70

D

INLAND

300 m 24 en

JUAL Tatara

$10.

Hi,

2M se 10

being Speelat

wilb

рет

New

Y300

4.2.2

Allies (vertical

H

34,

3/1990

Alhed Mis ine

31

Apre

L

In ad

40 R 1930st

2012-30

Allis Chaderveen

3

STORES

10

<E

Anterior Auline

Sput

2130

Settlement house term:

13

4 14

Amettent Cable & Fladio Corp

Sept 217,

2005 2181,-

*SONGO

..

China Looms

Augline

2976-9041

September

2014-2014/4

Amerkan Cyanamide Ca

7446

Nov

211!4-221

1994 22

1249

SO 12 40

Get/Dive

28-201

Am Mach c

20

Mar

tolomes from Today

American Metal

41%

Ma

#236-1 2211.

Lathe (495 COTTONS

Jan Mar

2734-3745

Apr 73 une

unquoted

Abelson Smelting

34

Corn, No. 2. yellow

General arkets, elf barty, ports:

Artvan Tel & Tel

1-

Spot

August

2934-2945

32 41

American Tub "25

19

Sept

1-19

I

September

2016-2013

X3 BT

Azuconia Coppe

Tyy

Now

1383-100

October

2014-2014

2014

Arts Steel

041

MAI

143%

Este crepe thin and thick

* 45

Mux

7455

lang tacted

Takvimin -1.tina-Han

Kyr

33 02

Baltimore & Ohio

Con

Tex Aviatırın... Chirp Benguet Cons.

Sept

1384-

2

Nov

Dethieber Steel

168, Oats

Boring Airplatte

Then to

Sept

Nov

Hareth Add Martur

diary Elweidie

323

Spot

32.47

37 ka

at Teacher

90%

Sept

Nuv

latere ove

15%

3011

31

1 T Pianeta) Corp China Mania Thak

45'

Mar

Млу

3140 .11

APT

Barley.

have been foul

t

produce there bus been a cu sponding inquny for access the Nowy

11

France, Jupari,

Mr Halstead said that he was met in any way gloomy Zealand market the development

he emphasised the Czechoslovakia, 'trade and

botai

SAO PAULO Fotore etsings, to cruzPiros peku were as follows:

Vomowealth Fire C'esfilate Exlison continental Off of Del

427

Spot

$2

a

1200

21 sack

Crane L'

33.40

Crown Zelterback

Western Germany among others importance of the United King-

rebe

3121

Cd Ausers Stutur

4023

Dund Alkali

which

and

return they are seeking

11 man-

are all countries

have dom

New Zealand's major taken noteworthy amknnis of market. But his speech and the New Zealand produce

general tarif review 11 are over 20 years, which the Cre-

#

38.00

Dow Chemienka

T

May July

unquoted Dur ni de Nemons

213

<T

that evidence

trade which

willi

HITS

HIGH

ket in New Zealand for exports, ernment has orderet, is seen as designated spot murkets was Partly Finance Corp primarily of manufactured goods, further

New Finally there are New Zealand Zealand is now faced with de-

who have very visions manufacturers often built up Industries belund affect the country's development the joril wanlis. Cro 1803/4 for many years to come.---Chino manufacturing accounted for 25 Mall Special

per cent of the national income

and farming for 24 per cent.

Farmers who are interested in

cheap manufactured goods are LONDON GOLD

instyling

that only economic in- be encouraged, dustries should while the Government is

in-

sisting that industries which are

London, July 31. now established must turn their The gold market was active attention to overseas markets so | Lodny with the price of that they also can contribute to quoted at 252/1, the highest overseas reserves.

ever reached,--United Press,

Not Satisfied

The Government

gold

1

Productivity

Increased

In Norway

Oslo, July 31.

In larvester

International Paper Int'l Tel & Tel John-Manville Cu Konya C. Pawer Light Kenneroti Cooper,

agnit Meyers Tob. Cu Lockheed Aircraft

Loews Incora.

Lone Stat Cement Co.

also points New York Foreign The average Increase in pro-singil tron Corp

out that marketing overseas o! the exportabic surplus which exists In some manufacturing industries could have the effect of making these Industries economic In every sense of the Camodo word.

The authorities are not fully salsified with all attempts to develop

new markets overseas. "Exporters are not making the best use of the opportunities available to them,"

sold the Minister of Industries and Com- merce, Mr Eric Holstend.

Now trade offers have been

in Singapore and opened

Exchange

New York, July 31,

$1.01 10/10 2.74-2.79 England unofficial Argentina

03:20

United Prem

· Loudleville de Nosisville R Lowenstein & Bon Minesata Mining Mission Develoment Monto Chemiest Co, Montgomery Ward Central Motorola The

duction' per work-hour in Nor- way was 11 per cent from 1050 to 1984, according to a report

the published by Statistieni Omes,

Statistics Pub by

National Cash Reg. National Dairy Prod. the National Lead Norwegian Employers Federn National Steel Corp.

New Yoric Central

Lion show

that in the frat Olin Mattice quarter this year hourly carnings Olle Elevators for men in Norway went up by pacing Ons & Elec

Owen-Illinois Clam

London Foreign 6.2 per cent, and for women Fan American Airways

New York Now Montreal York and wido market research Amatera

will Elrussole ju has been undertalcon and

Frankfurt the secretary of Inckholm

Zurich

be expanded, he said.

Earlier, dustries and Commerce, Mr Val

Exchange

by 3.8

3.8 per cent whilst the cost paramount Plotures.

of living index went up by only Parke Davis Co. per cent compared with Pony Co.

London, July 3,

1.2

2.70 6/10-278 7/16-

the

10.032-10437

330.06-130,00 £1,0770-11.073%

-United Press.

same period last year.

Perys, Balt Oo.

Phip Sorria' Publicker. Industries Pune 04 and In the first quarter this year radio Corporation were five shillintor and three topable Steel. ihillink and theelepencer and Haynolds' Mistal

Shell. 01, 00, pectively.China Mall Special. Saint Hex, Paper

Average hourly, carnings for Pitsburg Plate Clem

workers adult male and female

141 Jull

Aetoler

432%

December May

martable

Sales

31 894 Tales

Liverpool cotton prices mavathable. - United Press,

US the average price El Paso National Gene of 15 mardling collon at 14 Erie Railrond

Ford Motor General Electrte General Foods General Motors Gen Pub Uu

Eastman Xexink

m

37%

21

60

Chain

totalted

631

July

R22

404

October

1914

Wire

97

December

30.11

May

A1

Gelty On

M

Ryc

Glidden Co

372%

July

134

Goodyear Tire

70

Heyden Chemical

10

Homatake Mining Ca.

34%

October December May

בת12

1271

Ingersoll-Rand

#3

Barley

Inland Steel Co

773

Interchemicat Carp.

July

Int? Business Machines

316

October

International Nickel

40 December May

IDO 107% 103

Maxseed

34374 310

2973%

New York flour

$13.30 United Press.

WINNIPEG GRAIN PRICES

Wirmipeg, July 31. Prces of grain futures closed

10 uv 1 cente follows

per bushet ns!

London Stocks' Partial Recovery

London, July 31. Stocks managed partial recovery from the sell-off caused by Egypt's seizure of the Suez Canal and most sections of the London Exchange closed on a firm note today.

Suez Canal shares remained under Ore and skidded about £2 on the day, while British and foreign bonds tended lower.

12-tan; @dvanced

300

-United Press,

But oils and industrials found support from bargain hunters and short-covering. Royal Dutch British £1% and

seven Petroleum added about shillings to lead the rally in oils. Shell and Anglo-Egyptian "" went ahead.

SMALL GAINS

For Egypt

London, Aug China will apply Egypt with Let. looms wi 250 Lutomatic

frames with 4,200 Spinning

the pindles this

New учн China News Agency 2.Tvt The market was firm, Prices

(xlay

in closed today.

guilders per of The

Hest group

these kilogram, elf Aug, as follows; inschines, to be made in Shang-| No

hat, will be ready for shipment No. in late August, according to the

ency Reuter

Industrials generally managed moll gains Rolls-Royce as n feature, up about two shillings. Bowater, British Aluminium und Chinese bonds up to £, German lens held steady

fractional showed Japanese losses in an otherwise qutet] foreign group.

New York Sugar S

Market

and

British Government bonds. Now York, July 31. had declines ranging from £1/10

World No. 4 and No. §,reto £. mained unchanged in a quiet denlings today.

*190

Gold shies ruled and cop- pers Improved quietly.

Dollar stocks advanced In ine with Wall Street levels,- United PreRA,

1

Exchange Rates -

30

Spot market also

remained

unchanged. Prices.

Contract No. 4 (world)

Sept

1.30

1092

Mar

July Sept Spot (cents per lb. fob

Cuba)

Contract Ne

5.41

morning at the following ratesi

Nov.

6.63

Ua, dollar, (per (81)

4,04

MAY,

BAL

Bierling notes (pur 21).

10.10

July

0.51

Australian notes (per

1)

12.00

Spot-(bents per, 1b.; df NY

Indonesian rupiahs (per 100)

16.00

Biam tion) - (per 100) 32

27.10

Prem

Singapore (šunita).

1,81

Dusiness was done in the local

Total exchstiga market

AMSTERDAM

TYPHOON MAP

with revised codes in force as from

1st April, 1956,

100

$5.00 MOUNTED $40 UNMOUNT

from

South China Morning Post Ltd.

HONG KONG & KOWLOON S