1956-08-16 — Page 9

TRADE

THE CHINA MAIL, THURSDAY, AUGUST 16, 1956.

and

COMMERCE

SECURITIES Sea Leaves A Fortune

HIGHER

IN LONDON

London, Aug. 15.

Spirited buying of top

grade securitien sent prices; higher in nearly ull soc- tions of the London Ex- change today.

ว

Guns Panged in almost EU as hopetal tinders tek BOLO wens of the Middle East zit lium and were impressed bev lew Brod earnings repots

Bagash Governments ·howtyle

'ularly Strang with Old Corouts

AMP

.1

Wa Laza proamanunt

SELECTIVE BASIS

PINIng more

than 3

WORLD

RUBBER

MARKETS

New Yoru, Aur 10 The No. Reg rubla tutusca Contruct today elo ed unchtraged to #pajot Tower with

enacts,

The standard contact closed

70 to 80 peints few. with dra

tive contra l

The X contract clore 1 40 to 50 puta h wer with "al 1 90

ontearts

Standard enniracl

lighters

No. 1 JIKA

met

Das

Inchastela's were bought und wedvetter bts with Holly-Rogne

1500

Brdih-Amerkan Tubaceo paced strong tobacco group, up more than 2 shuffings,

Mer

Mus

Jody

Art

Kex contraet

Seatt

Yow

A

An out in front

Kutta

Mer

a low t 2

May

Juts

Suez Cabal pested a

Man of

Sept

Tails, which aberentieel a great del of avling, furi ed elming just Royal Dutch be form the chop

with a

Er the foreign land spotion, Ciramate opped strongly bal Jod

Pilates .1

then fractionally Just were nearly unchanged,

B

closed Japanese

Wils

17.00

33 30

#RESAR

BARA ARMAA

On Beach GERMANY

PLANS OIL

MINERAL WEALTH RATIONING

FOUND IN

AUSTRALIA'S SAND

Sydney, Aug. 15.

Bonn, Aug. 15. The West German Economica Ministry is dis- cussing plans for rationing oil and petrol if the Suez crisis makes it necessary, according to ministry sources. The sources said, however, that no concrete steps had yet been taken.

Even if the Suez Canal were blocked this alone "would not be a catastrophe" for the ecun- try's oil supplies. Only about 20 per cent of the country's oil imports pass through the Suez Canal.

the

Сопа were blocked,

longer the

voyages aircraft the Cape would mean that about half this percentage would be lost.

Every breaker which rolls in from the Pacific to thunder on Australia's eastern coastline promises to add national wealth from much wanted minerals dumped on the sands.

Their

from uses range building to naval smoke screens.

The Fources pointed out, however, that a blockage of the Crisi would make other countries increase their demands Mediterranean on the Eastern

terminals where oil pipeline West Germany at present

about 40 per cent

cut This could

30 30

11

New uses, new processes are returning tu creating ever-inereusing interest; mineral wealth washed down in from in what quantities azi:k qually; rivers over the centuries

all ralle.

other the hinterland. to be ured and

the over

world minerala in short supply Aux-

metal. tralia can win from more than ceramic, electrical, paint, weld-

ing and other industries. Thru and mit:

k stretch beaches; n sand dunes extend-

the ing from south et Sydney r graft bellding. for rutile * New South Wales to beyond the base meterial for the manufae

lure of the wonder metal titan- Queenslant capital of Brisbane.

the shore

The

in

Its spectacular use is in

obtains

her c

supplies further.

1

Palmes prices declined In Be with lower prices at ta-

citall Interest

15 gen mited Hoders awaited tomorrow's testeding at London on the Su1

Cop strukiossi. Spot Nr is quoted nominally ni 30's

NEW YORK METAL

FUTURES

SINGAPORE

item

A ministry sourer satel crude oil stocks

Already the beach satids have In pence it plays dis part in present to about 15 days' sup nac subsuntiat contributions sky writing: in to the national ecoNOMEN

Last base

3

war 11 15 for naval smoke-screens.

year Austral, exported nearly China Mail Special

£ A4,000,000 (£3,200,000 111- ing) worth ei mille at d zircon | concentrates and, aveording

National

The market

sagged afles steady penting because of lack New York Ang 15 of suppli and sonic bruido- | the Prives of metal futures clored | ton by holders AI today in cents per & flows Herrls The after 2011

1 Bande SUPERROSI DA

AIRLINI

12

Sepinasları

Tin

August

Septembr

ZUK

Augu

Septemirer

Copper August

September

13 3h

Wit

- ቶ፡

dr 7 afs

evidener

107 Bob

13 D

13 900

34 233s

H

- United Press

LONDON METAL

PRICES

Ja

London, Aug. Prices of metals closed today.

Page

SECTION

Cautious Trading

BRITAIN'S EPU

DEFICIT

Lendon, Aug. 15. Britain had a defert of £24,475,000

the with European Payments Union in July, the Treasury dia- closed today.

Britain paid off 15 per cent of this in gold and added

the other 25 per cent to bær general deficit. She helped lo

this reduce general debt during the month by making special totalling repayments $8,519,286 to certain Egio- Frau erunities—China dimil Special.

HONGKONG STOCK EXCHANGE

(From Our Correspondent)

Business Cone on the

Stock Exchange kong

theplies. Petrol stocks would a SHIPPING

two to three months and dies! el stocks about one month, An offelal of the Esso heman Bemburg said he thought

On Eve Of

Suez Talks

New York, Aug. 15.

Traders turned cautious on the eve of the Suez Canal conference and lightened commitments in a last hour selling flurry today which all but wiped out early substantial gains,

Only a handful of selected issues held gains of any size while the meta basy! stocks closed

Irregular nurTOW, Out of a total ismies traded, 437 were higher, 413 lower.

MINKE.

Industrial stocks closed

Oildden Co.

Quedrich (BP Co. Goodyear Tyre Hayden Chemical

netake Mini Co.

1.131racoll-Rand

more

Mand stori L'o.

Interchemical Corp inil Business Machines Int'l Harvester loternational Nicksi International Paper

than 3 points below the day's | lovi Ted & Tel

highs at 317.70, up 0.43, Main slay of the average group was United, up more than 2

points

John-Manville Cu.

50

Kansas C. Power & Light Kennecott Copper.. Liggett Meyors Tob. Ca.

1397%

21

and Texas Co. nearly a point | Lockheed Aircraft higher. Aircrafts paced the sell-Loews meerp uff with late tosses ranging past

a point in Santa Fe, Atlantic Count Line and Katwas City Southern. Their average Wat Hong-down 461 on the day.

this

40-

Utilities too closed lower-off 0.11 on average.

Turnover picked up to 2,000,-

Lone Bar Cement Co. Lowenstein & Sons Mesabi Iron Corp. Mimosota Mining Mizalon Development Monsanto Chemical Co. Montgomery Ward Motorola the. National Cash Reg. "A" National Daley Prod. National Land Notional Steel New York Centrai

000 shared from 1,790,000 yester-On Mallieson

Bering, till responding to

day.

Dows of large Air Force orders, added nearly a point on top of yesterday's wido grun, clihough reiling ex-dividend.

virtually

inorning

proximately

amounted

$1,000,000. quotations and the

to

Noon morning's

transactions:

of br

shares

Buyers Sellers

Sxlen

BANKN

That

*K Buk

1G4S

1043

mounted

ut

INSURANCEA

Unlen

Dis

30 1640 7. 1645

7.3... th

40

Wheelock DOCKS EC K Whit Dock

11 5 FLSPET

$400 · 5 30

Motors were changed.

101 Maitent 104–13:0 LAND

42

mo- 14

13 to 15 20

1500

200 15.30

2000 t 15.26

750 15 10

point

Gi

F

51007

1100 58

New

400 « 87) 2

1990 2010

2220 x 20

American

Dow-knee

volume was 770,000 shorts,

closing

were:

1 likely that, if the Canal were

Development CHICAGO GRAIN blocked, tankers at present heid lower Minilet. Seale Willkom prostuction

there

There was little factory terest durant the day Futures

Nai Cutlery per ib

1004-10

August

September

Delober

No 2 Pilsber JAST Hi

Augual

No 3 rubber KI Ib

Augu

No 4 As

tile

Spx Tubber unibaled Blankes regio No 1 pafe crepo

1b

1-113 unquotext

Spooner.

wh for up to 20 years from jhigh-grade deposits alone.

World's Richest

MARKET

Chicago, Aug. 15. Grain futuros prices closed firm to strong on Ways are being devised

the Board of Trade today. work profitably low-grudi e- pigts and, if this 14 achieved, Short covering and sharp de- -0. Seriator Spooner sath that they mant were coupled with

I would!

late as "pentrarca.light offerings 424-031,

Corn und тус all the known high-grade 1894-1001 thres

largest advances 7515-201

tings 121-173

Audralia 12 now the world's | deliveries.

Cash

corn Lading producer of these cou-

100.000 renirates

ebest that and the Las Price beaches are easily

Hold were the world's

Chicago today. ruttie nel

offset The gains

ເກ early morning drop ezused by hidging und reports of large southwest whit arrivals,

in

sterling

long lon AN

LONDON

lofiows

buyer.

วาง

mbol

772

773

3-munth

760

7011

Copper so

30x

The market was easy. closed in pence per b lows:

as fol-

3-

36-1

Lead Ist

hall

Auk

10.

Lead Lat hunk

Nev

1141.

FIA

Zinc

AUR

-Ռ3 1 .,

Zine

I

Palt

Nov

11

94)

United Pi

April/June

No es q

Settlement house terat September

95. Linuter/Dvvvsbjerg

January/March

{July/Augum

General sheetels.

NEW YORK SILK

FUTURES

New York, Aug. 15

today futures

kower with no side

Silk

rents were:

Augus

September

11**t;

Estate

tit

thick

AMSTERDAM

2017-201

29-2011

21-22 210-281

richest in

Beking

only

the nade with rye set- highs In nit

dealers reported of earn bushels to move out of

Wheat closed

soybeans

up up

4 to 1

Zircon 2-202,ter, the Minister said,

Australtute, lazing countless thausathis beaches with thoughts of ly on the depth of sun tatt develop cent; Ingen their expord !kin, have cent.

multi-coloured › Wil partieles not knowing that they wore dribbling economic weath | through their lingers,

27-27

2014-2834 toyed 28-28

unqueded

And now

they

Prices

tser

mid:

aware

The market was quiet. closed lay in gulders kilogram, cif Sept, as follows:

one cent

reported.

Closing prRIES

in dollars und

September

4 21

No

2 43

October

471

Nes

2 rubbe

273

NOVA SHOT

437

Nu

3 rubber

2 61

IND

3 ciepr

330

United Press

United Presi

December through April 428

استادان 1

Cotton

New York

Trading Slows After Firm Start

New York, Aug. 15.

CLOSING PRICES

Prices Der bushel in cents: Wheat, No. 2. red

Spot been Sept Nov

2211 218

217-217 an 2199-220

are

Mar

Biay

220 2281

July

21872-73

have that there dellars and gold to be won from The and they want it to

thum 12 rather treaches

popular for commerce, "processed"

in

have Corn, No. 2, yellow

Spot

10

resort sept

Nov Mar.

to various Barley Approaches made focal controlling authorities for Spot Tights to mine" any beach

where

New York flour 200 lb. nack

101 1514-3 1424- 34712

130-140

$13.00 United Pre

in the United States "mothball" Leserve fret would he put into

the Cape rate. service on China Mail Special.

Advanced Petroleum Refining

Pittsburg, Aug. 15. Junes and Laughlin Steel Cor- construction poration plans the

K 1

NK and.

#fumohrev

Henity

RUBBER

Anal

Trust UTILITIE

Train Youmati

45 47.3

1330

23.00

401

Light (0) 23.9

1.62

c. Light N 21.30 21 40

Bleetike

15.20

2500 24

500 ** 24

100 24,10 210024

200 1.40

1200 *

2000

reinhone

23 . 34.80

1000 v

11.25

100 25.20

1000 ₫ 25

500# 24 no

800 or 24.76

UD-

Oils were mixed with Con- tinental down more than 2 and Guit and Royal Dutch off around p-int Texas Co. mw

York Stock

J

Exchange

bond volume was $3,010,000

Stock Exchange

an industriais

20 ruil

15 utilities

1

40 boric

Comm future price

Comm npot price Moody's index

averages

карет

index

Closing Prices

Aldon 1na. Acy, Allied Chemicals Allied Milk Ing

Allis Chalmers

Otle Moveriore

Corp.

Chwen mols Gues Paelde Oui à Eloc Pan American Airwaya

Paramount Pictures Parke Davis Co.

Penny J. C. Co Penn, Salt Co Philip Morris

Procter & Gamble Co. Pittsburgh Plate Giden Publicker Industries Pure Oll........ Radio Corporation Republic Steel

Reynolds Metat Shell Oil Co Saint Reg. Puper Sinclair Di

Socany Mobilall South Puerta Itteo Bugar Bouthern National Cas Southern Railway (Com.) Standard Brands

Standard On of Cu Standard Out of Ind. Standard Olt of NJ.

517. To Sleep Rock 14.73 String Drum Co

70.67 lokely-Von Camp,

Studebaker-Packard Coru Swift & Co. 26. Texan C Am O

11

181.09 Tide Water

164.13 Twenty Century Fox Film 424.19 Union Carbide

100 ; 23

5002493

100

Cement. 35%

30

500 @ 35

341%

Rope STORES, ETC Dairy

12 80

1000

American Altlice

After. & Foregs Power

14T

INVESTMENTS Yangtze

10.80

13.90

6.00

10

1415 4 16.30

American Cable & Radio Corp.

500 15.00

American Cyanide Co

2000

1.80

Am. Mach. & g"dry.

Watton

of new facilities to use advanced petroloum rifining techniques i INDUSTRIALS

of coal chemi- the production of cals, marking the first steel in- of the adupulation sustry techniques

Its operations. New refining facilities costing will be (on- over $2,000,000 structed at the firm's Aliquippa, Pennsylvania Works, wit

with com pletion scheduled for early next the #5 year. They will be built of licence result

arrangeme with two oil companies---ES Research and Engineering Com-

Singapore

pany and Universal Oil Products Stock Market

Corporation.

Combination of

two the

the purify will processes chemicals produced from all of Jones and Laughlin's by-product coke oven operations. The facilities will aid in production of higher quality coal chemicals.

-Chin Mall Special.

Would WINNIPEG GRAIN German Car

there are muneru| posits brought strong resistance from sections of the

public who forecast that 11

end mean the

of swimming. surfing and sun-baking attrae- lions for 50,000 people who Pocked to one beach in question

at weekends and on holidays,

Protest March

Businesses whose

Cotton trading slowed down considerably toon the needs day with prices turning easier after a firm start.

10

10

Spot the 1st ruled At the close,

Dolber eight points lower to four puluts

December March higher, with the distant October

May delivery showing the gain. The

Juty 10 seven market opened

October higher. New Orleans eksed one

December to 7 lower. Prices rose as much as 60 cents a bale at the out set on routine price fixing but follow-through was no

drifted lower. the Traders appeared to be cautious because of the increased volume

⚫ there

and

of

hedging attracted yesterday

when most deliveries hit new orasousi highs.

The list held close to the pre-

vious

close throughout the rest

of the day as a fair amount of

PRICES

Winnipeg. Aug. 15.

Output Up

Singapore, Aug. 16. Brokers today quoted the ft..lowing stock prices:

Lintang Rubber Co.

Borneo Petruleuma

Smeltors

Bosta

American Metal

American Smelling

Am. Bugar Ref.

American Tel Twi Ainericon Tob.

Anaconda Copper

Armeo Ateel

Armour

Hodwin-Lima-Ham.

Union Pacifle Raway

United Alterati

U... Gypoin

U.8. Line Co.

U.S. Rubber xd

Emelting

U.S. Strel

Woner Bros.

Westinghouse Electric

Woolworth

United Press

NEW YORK OIL AND SEED

New York, Aug. 16. Prices of cottonseed oil futures closed today in cents per Ib. as follows:

Baltimore & Ohio

50

Bendix Aviation Corp

007

Sept.

Benguet Cons...

176

Dei.

1197

Bethlehem Steel

1043%

Dec.

14.00

Boeing Aleplane

5414

Jan.

14.03 -

Borden (The) Co

G

Мат

1461

Burroughs Add Machine

4244

May

Canadian Pacific R.

3310

Jaly

14.38

Opening

Cane 1. 1.) Co.

13

Srol.

Cat. Tractor

91

Sim 212 contracts.

Ltd, Bitch

FL $3

Celanese Corp. ...

134

oil Cercenut

was

quoted at

C. L. T. Financial Corp

Syndicate Comontidated

00/-

Chawe Mechat. Bank

TIA

*lirysler Mctors

201%

ut $132.00

Ged.

28/64

Fraser & Neave Lid, "Ora," "

$1.92

Cilmax Molybdenum

Fraser & Nave 7% cum.

prel

$6.00

Krngkona & Shanghai Banking

Corp,

$300

Harkong Tin Ltd.

$/3d

Kernas Lig.

$1.75

Colgate-Palmolive Co. Commercial Credit Commemyesith Kier. Consolidated Edison Continental Oll of Del. Crane Co

8314

wore:

Hopt.

Dee

Malayan Breweries

$2.87

New Serandah Rubber

Ltd.

Lid.

Luna Rubber Estates Ltd. 0.75

Frankfurt, Aug. 15. Germany's output of Pat

Prices of grain futures closed

West today in cents per bushel as

cars and truck fell off sharply Singapore Cold Storage during lugl month's annual South British Instance

Lid vacations but iciale for the first sets Trading

seven months of the year were 21 per cent higher than for the same period of 1855.

Figures released by the As-

Suramabip United Engineers Ord. Weare Bros.

*Co.

Crown Zellerbach Cuban Amer. Sugar Diamond Alkal

Dow Chemical

$2.35

Dupont de Nemours Kartman Kodak

$1,47 El Paso Rational Gan

Erie Ballrood

833.00 Family Finance Corp. $24.50] Ford Motor

$.3.20

$19.00 General Electric

Central Yosda Gonoral Motor Gen. Pub. Utit, Getty Olt

cumdiy-China Maif Special

sociation of Automobile Mar: New York Sugar

facturers showed t that 622,998,641 Бост had and

trucks produced up to the end of July, or 123,641 more than during the ***

first seven months of 1955, Of thes: 270,914 are exported, er 301 The Canadian Wheat Board 43,840 more than inst

year

follows:

Oats

Oct

$246

gronomy

Dec

79%

had been built over the years of great crowds

May

30%

Rya

Oct.

130%

suw disaster abend.

Dec

13091-2

34.30

33.41

33.30

13.20

Life savers were organised to march through Sydney in pro- lest against a plan to work the eight popular Maroubra beach, miles from Sydney.

May

13435-4

Barley

Oct

1071

Dec.

10315

cars

May

1031

32.84

3.7

From

31.67

the

local

31.05

promised royalties, council envisaged (£80,000 sterling)

Flaxseed

Oct Dec. May

clused to-

one side.

32.70

33.43

The Assistant Under-Secretary for Mines, Mr CS. Mulholland,

announced that to date licences

01.01

to mine had been granted only

$2.29

31.00

for beaches which are not

re-

31.63

garded as holiday resorts,

NEW ORLEANS Prices of futures day_ns_follows:

Spol October December

Judy

March May

Outo ben

December

SAO PAULO closings,

Futures mill price fixing absorbed long per lb. were unavailable today liquidation

profit-taking. -holiday. Hedging continued light.

and

In the US

Traders ore looking around price was 32.99 cents. Sales to-

30115-302

£100,000 maintenance bill but, in face of wheat prices effective tomorrow. 19.8 per cent less than the June opposition, the plan was put on Unlied Press.

figure of 97,811, Exports during the month dropped off 25.3 per cent to 32,386 units. Unite

intake for its yearly beach announced no change in export July production was 78,307, or

It would appear that opposi

London Foreign

Exchange

tion will not change untess pub New York

Brussels

Londen, Aug. 15.

276-3/10-2.78-8/10 27334-2.73-0/16 106415-40.04%

330.20-130.25

-110035-31.70}&

80.15-80,20

1747-174714

08134-902

Press

STRIKE OFF

TODAY

in pence le opinion can be convinced Motrenk

that beach mining can go hand Austentar

Salisbury, Aug. 15. in hand with normal beach uses Frankfurt

The strike of African workers the average spot and that after sand is separated on

in the at

Mine Mufulira from its commercial content it Milon

Rhodesla is expreted Northern Is returned to the besches Paris for fresh incentives. The pro-talled 45,743 bales.

Stockholm

to end tomorrow. 14.6031⁄2-14 405

according to whiter than before rutile

and Zurich

121711-12.1814

mining circles which started on posed 20 cent of parity sup

per

· KABACHI

Others were unchanged. zircon were taken from it, Instead of an CX

The walkout port prices

foreign exchange Monday is the fifth in there are many. New York

· the

Meanwhile prices recovered crop

perity pected 100 per

swere unavailable

called by the Democratic farm plank had long today. In sympathy with higher commercial enterprises operal rates

of stoppages and stronging higher up the coast, sucking United Press. advices oversens been discounted by the trade.

African Mine Workers Union us Certificated stocks of all cotton feelers prevalent in the market up the sand on beaches, bull-

from dozing sand dunds high'

above

a protest against the automatio totalled 4,072 balts, down 12, about duty reduction

commencement

transfer of certain gradies of Valiona Open interest

African workers to monthly 20,200 27,700

next September.

contractsChine ait Special. 47,000 045,0

For

the did crop there was and 20,000 348,000

Jonly a little interest.

#and.

Marth October December 14

Maret

May

October December

Total

cent in

14,200 118,300

0.300 128.500

3,300 80,00 3,100

1,100

New

of new season the waterline to reach mineral

deposits, washing,

Prices closed today in rupees (per maund as follows:

120,000 1.831,000 balen

13. Punjab roller diameter

NEW YORK

the

CHICAGO LARD FUTURES

their Zirconi, #

Chicago, Aug. 15. derivates, and compounds from Prices of land futures closed Australian beaches gairto the today, in centrs per by as fole

2009 Bind rollen sin avation 60/12 United States, United Kingdom, |lows:

2800 Punjab rolne gin, i

Prices of futuros closed to Liverpool prices wwere

'avaliable-United Press.

Western European countries, and October

December

14/12 91/12 Japan,

un- Day and night the eas

amashing against the coast are

US INDUSTRIAL INDEX

L

Market

New York, Aug. 16.

futures World No. 4 sugar

closed unchanged to two points higher with sie sales reportes.

Domestic No. 6 sugar futures closed unchanged to two points

Fales of 235 higher with

con tracis.

futures moved higher Domestic in line with the firmer tone in market, the domestic raw

Mest of the activity, was con- Ained to the September delivery. World futures were dull; Contract No. 4 (world}

8338 33

5.00

Бере

Dot.

Mar. May

July

Sept.

Spot-teents per ib.

fob Cuba) Contract No. 0

Sept.

Nov.

Mar:

July

Spot (cents per lb. Anf;

NY

ted Press,

Exchange

Rates

ineu

Board”

Indos

Siam: Sical Bingapore

·6.00

trus

was done in the local

market the

11% cents per lb. Copra was

per short ton, off

Pacific Coast,

Cocoa prices in cents per io..

Apot Aera

Bahia

Venezuela

United Pre

NAMESAKES

Answers-1 Judges, 2 Books,

3 Author. 4 Sentence, 6 Artist, 49416 Argument, 7 Story, 9 King,

Victorian, 10 Ending.

John Ruskin

242

Let US handle

YOUR PRINTING

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

ONE

generally suffices.

PROOF

After that, our upstordate automatic

presses make shore work of the job,

quote for your current

uirements.

SOUTH CHINA MORNING POST. PRINTING DEPT