TRADE
THE CHINA `MAIL, THURSDAY, AUGUST 30, 1956.
anunci
Synthetic Fuels
COMMERCE
SECTION
Page
May Supplement New York Cotton
May
Oil Supply World Sugar Lack Of Incentive
US RESEARCHERS
THINK TIME
NOT FAR OFF
Washington, Aug. 29.
The US Interior Department says that the day may not be far off
synthetic fuel taken
when
or
oil shale
will compete
from coal
on
even
terms with regular fuel and supple- ment the domestic oil supply.
Substitute For Helium
In Titanium
Production
Washington, Aug. 29.
The
Bureau
United
of
gaa,
States Mines reports
The prediction is macfudend in 10 Brel report un n Spe
J-
Tiquid
restareb synthetie
A+ Enment #Lateral fuels, which is being conquêtest on a reduced sente now, 【ołjow- drug expiration last your of the 114 Bis etealing Se pinjert
דיווין
IN
The replet saya industry
operating or planning jdapts l, extraet fury Fromm vond
shatr
"The first ponevring slage This passed, even though pre- yuling price do not cheourage Tat geenende 17 ફ્ર/1j57} If Cyshehe Turks
11 US at present
Exceeded Demand
the
-
that argon, an inert atmo-
Prevent
research, spheric
can be sub-
partment declares, “will advance stituted for helium in cer, ie lume when I will be vetino- tain stops of 'he titanium ¦ naval for synthetic liquid feejs
suppriment The tu production
Inguinal facts Burcau said, however, clories, Tractors.
which WAB and aircraft,"
process.
that
argon,
used
shielded-are
extensively
welding
tisexd
W
national
automobiles
for of
The
Thal dey may not be ta of, as the report
repartiment
motei that
certain metals, could not
be substituted for helium aquesta oil production exetent- in all fields.
11 wek rá This discovery becaun in the US helium was used large amounts" by the
Energy Awmi: Pies Defer
ed demand
mad net imports ent talled out seven per
whet ihe re- of production search programmnie darled. But since then, demand has jumps! by 70 per cent whije production gadus have not kept pce, and out unports eqisut nimait lep per WIN utstitution of lng a winik | vent of domestic production, the
Inn Mail superegott dveles
| Special.
by Jaya"
Commis virati, Department mesel industry uma!
made
extend dunesten heilum
phies.
and
magnesian
Comparable texts with argini
Krol Melis
the FIN rechret 24
were non- dueled on a period of mondin
Exor making fastan
اد
at the Bureau's Electrameta.hua-
gical Experimental Slate 215
Boulder City, Nevada
This test
TEST RUNS
tans showed
elus vely that high-purity atgon could be substituted for helium In the reductio
tilan um of
tetrachloride with magnes un." repri by three metallurgists declared.
Bureast
"This cuki
litanium sponge metal and with only reduction clinique. the
were
New Colliers ·
For Coal Export
Washington, Aug. 29.
Market
Review
On Wall Street
New York, Aug, 29.
Stocks today turned in another session of de- clining prices on dull trading—the third in a row.
Volume
up
011
130,000 Tide Water Avan. picked sharts over yesterday's 2,400,000-wenty Century Fox Pin
Valon Carbide share total-mallest since Aug. Union Pacille Railway 19, 1066-but there were only
1,079 last
1991es tried, least siner Text Nov 1.
United Aircraft
Washington, Aug. 29. Nearly one billion dol- lars worth of sugar changed hands in the world export trade year, Agriculture Depart- ment statisitics indicated Traders Notioued hestant in¦ 0S Strel
The alsscan of fish incntive | Warner Bros. today.
and in view of the
ALJANDITAL
Total work exports of cen-hing Labour Day Hikay
juurest embed in special festies trifugal super reacted an all-
Top record high of 14,951,000 auch as Grande Crly Stock, up
RING
Murcay
ม 3.
TED AVA 20 postit bih
#
That way 41 1953
n: per cent there than
aver
and
d sfividevat s
1954 and early 30 per cent
The pre-war av.rage
hovi
Estimated on the tuits of the overage 195% prier of 3 24 cents a poubel world sauguments were worth 968 825 000
211
1 late
Freud hoonisą tende TE sugar was marked last year the reased net exports by the We Term Hemplsphere larger net onports by Europe and declines | of both imports and exports by Ast Tubul North Amertens 1 exports 1000 some 700,000 tons Errely because of larger ship. ments by Cubs and the Donnini- can Republic
LARGEST EXPORTER
To be the Culin
with werld's largest expotlet
totalleng try:q* (? ༢ allptrenia 6 133,900 Tons That was SOINT 100.000 tons lers than the Cubon (everage during immedinke pust
44211
war vear bot an 5:0.000 fores over 1954.
The Dominican Republic Tint of steady exparetion of Dunman)
at 20g, vajst san
zhipments volalle1 477,000 Camin
about 116.000 bene m
まだい
Olls were the futured group
prices softened
seking.
11
Purry
of
13 Gulf
kute fell
ប ទ ine Co.
U 8.
Суркит
18 Rubber
US.
Saumiting
Aluminium
Price Rise Expected
Futures Rally
New York, Aug. 29.
Cotton prices today bogged down after a mixed start but developed fresh rallying power before the close.
of
tha
a:
Bild-pension lossch, extending i up to $1.28 a bale, were tenned a technical correction alter three-day rise by come traders, Closing on a brisk rally, the New York, Aug. 29.
list finished within one to six points
previous close Following the announce- after being down as inuch us 25 ment that the Aluminium points, Opening pricts were oft Company of America has 4 to up 2 points, New Orleans concluded a contract with cofed off 2 to up 7 peints.
Aluminium Workers buying for domestle and foreign 63% International Union, ob- trade account, along with
before
gy
121
31
70
an
51
the
634
2715
servers
00
United Press
be made
• Wealinghouse Electric West Vn Pilje & Paper ..
nearly 3 points. Texas Com~ !
pany around 2 and Cities Ser-
t༥༥: Conlinegial, Shell,
Sin- ehar, Jeeey Standard around a point euch. The last, helped by
1,000-share opening, Topped the active list for the day
Non-ferrous metals had supe #harp losges ranging to 4 puluts in Alcos, nearly 2 in Interna- honal. Nickel, over a polat each in Aluminium and Kenevolt
Steel, however, were mixed, | with a few fem ots such as Youngstown Sheet & Tube ami Jonica & Laughlin, up urround a
Motors were firm Out of the 1.000 usues appear- i ing on the tape, 521 were lower, i only 288 huther,
Dow JonesN
Woolwort
WORLD RUBBER MARKETS
New York, Aug. 29. The No. 1 Rss rubber futures contract day closed 25 to 35 points .cwer with jules of 42 yon- travis.
Closing prices
Sept Dec
30 07 34 78-00
Rex contract clued unchanged la 70 points lower with sales of 73 trucks, Pries
here
The setback allracted renewed
the
long
London Stocks Have Very
1
Quiet Day
specu-evening-up are lating what price riso will Labour Day recess and reflect-
London, Aug. 29. og the continued jnfavourably Stocks dawdled aimless- a result of tone of
of the
crop news. I wage costs which
any labour and manage- ment agreement on a new contract.
follow
United States Volg
various
agreement
US
Commenting on the Infin-ly in very quiet trading - on the London Exchange
And surplus today. Gains
losses traders Hought the authorisation
were about evenly divided to buy 240
at the clos5. It is reported that the current million pounds of raw cotton-
To US aluminium | approximately 500,000 bulcs interruption
output through the strike comes
the
WAS BO
usually large in view that the purchases
British Governments eased aftar a generally flim opening. at a time when the demand for of the faci the metal is less cute than
are spaced over three-year Some held unchanged, while the losers were down 1/10 or £%. The period, has been earlier this year vital question, however, is
October Contract adjustment Oils turned active at times but extent of the material in
the wided another trading feature. finally closed with losses in the
Leading społ pipelines and in available stocks.
Interest, were | majority. Durmah slipped about ABOUT EQUAL
arly sellers of the spot point two shillings and Royal Dutch a at the 33% estimated This has been
ont levil.
Other like amount. Trinidad Oil was about equal to one month's co-trade interests bought December another satt sput. sumpiton of aluminum, und | against sales of March.
Su
high-
that if Open October contracts today German Potash bonds į some observers estimate the current aluminiun
labour totalled 217,200 bales, the cerli-lighted the foreign department, dimeulties result in a shutdown feated stock held ut 3,708 beles. extending
they may the economy, though
fur
zome uncomfortable fabricators and industrial
Seyl
$4.50
31.M
Jin
32.00
that ends by Labour Day (Sep- lember 3), the squeeze on sup- Ipties will not be disastrous for
Month October
Volume Open Interest
13,900
217,200
December
34,000
607,900
March
23,700
Bir
3180
302,700
May,
3100
be
May July
32,400
109.300
Jtely
30 10
13,400
118.000
Sept
29211
closing averages! 70 pa
reported. Prices:
Standard contract closed 10 to lower with no wales
somers,
October Dreember Totul
3,000
71,400
3.500
26.100
101,000
1,500,000 boles
NEW YORK
Sept
24 10
360
Dee
My
Wene
k
madostnadə
+ 1015
10 B
Ma
15
thes
432 433
Ba
3703333
AJ
93.63
{"stan Tature price index Con spod price taries.
110) 2
183 60
Moodya index
42700
Closing Prices
the previa your Exports by
Uhr Albrd Ciernik certain of Mexico and
Allied Mulline Caribbean dependencies increase: Ali C ed by tesser anuant
ports[ אין
South American <tustest almost as much In 1958 as tlich Those from North
Brozal's Ameri
break with the Internaljmuid Sup24 q system are her bold move into world raketa was responshule for most of 15 600 000
*
American Authe American Cable & Radio Con Anwrtean Cyanumido Cu Amen & Fore Power
Mach de F dry. Am Anverrean Metal
Armen Strel
Authent
$ 1024
33
JINY Sepl
070
29.70
20 TO
rubility of London to hold early goins, plus the slow con- sumer demand locally and
the Impending weekend holiday brought speculative reselling on the ternual market after
Brystern higher
start.
and
3 dealers saitl "demandwife the
During the last few days the
secondary! for price lted aluminiure ingots moved
Up- word, and smelters scrap buying The higher prices also Armed.
aluminium price in secondary
the
was aftributed to the possibility at an increase in the primary primary after gluminium productrs reuch new wage en tracts with unions. -China Mall Stial.
23 market remains a big disappoint CHICAGO GRAIN
ari extra-oautious hand-lo
30% mouth policy.
MARKET
71
men"
with
consumers follow-
2416
ing
Dealers reported offerings of November shipment ambers to factories
27 conte
Grain tinued to
the
31
American Smelting
Am. Hugar itat.
14812
Americon Tei & Tel
103
Aterte Tob
20
Amarajale Copper
3144
545
tat
1336
CHISO
40
2 rudax Aviation Corps Benguel CoAIN
A
1
1st sem Sivel
150
Atroja ir
23 da Cher Ca
5014
Burro yaşdan Add Machirs
amelian Phentic R
150
of Phase of 15 Co
14
1712
Biazil's experts gamped from 186,000 kostho 1954 042,000 Tons in D55 PeruviÐA Exports $8,000 of 538.000 toms greater brangs in 1954 S uth
America exported toial 1.500,000 bons in 1985.
Asia
werk
exports Ind
Belimme k
Get Tract
Celane: Comp
CUT mizancial Corp
totalled | Chrysler Moto
imports Chax Molybdenum
Cularte - Polnistive Co
In 1,946,000 Lans 2.745,000 tome. This represented, Comictal Credn a decline of 330,000 in. In the icomanonwealth Elve Puhelinted Edism.
DECLINE
down Zellerbachi tuta Anter Sugar 1 Alkali Dew the rasgads Duprat de Nemours The delive of Asian x-man Kotak
Po National Gas I ports was
because small
Pete Raliroad Fly Finance Corp Ford Motor.. Generi Electric General Foods.
11-
Pressed shipments by Formosa counter balanced the lesser ones
the Philip by Indonesia and pines.
American Coal Ship-case of imports, India arcounted
for this chunge because beer Co complished ping Incorporated, the 430.000 t.mx le with no noticcabir impairment recently established US in the quality of the resulung coal co-operative organi- minor alteration in the sation is counting on Many of the construction of new factors eperating virtually the stune for both large colliers to speed angon with bellur,“
US exports of coal. But
with The experiments argn and bellum had not de-
Formosa exported 649,000 tons Mr Richard Howditch, Chair - { The Native casts of termined
Bourdi, buld a or 60,000 tons
In more than using both gases. the Burron
Federal Marji 10
Bourd 1954. Philippines exports wITU sa'd The research report on We
077,000 ton cf examiner
44,300 her t
Lire is th~ available at use of arya was
30, Ingenesin were 192,000 tons also pany wished to cheater Pennsylvania, government - Pittsburgh, tize
Liberty off about 40,000 tons. office of the Bureau of Mines.
oversens 11 was entitled "Riport of in ships
und vestigalhins $253, Hellum Argon as Inert Atinospheres in
of the
carry
owned
אין
only as a "stop gap" measure.
Mr Bowditch declared
Wrytem Europe similarly m porta and exported 10s. Itustio 718,000 for instance, exported
Tons
Producing Titanium." China | whether or not the government tons compared to 198,000 Mni Special.
Aluminium Co's New Power Plant
that
vessels could be chartered, his firm was in the shipping buc- Į iness "to stay."
Established steamship ure strongly opposin firm's charter application,
Preg:-
Mr William Brewer, dent of the company, discked i that a Liberty ship had been | purchased in the open market for $775,000, for October du- livery.
Mcofeal, Aug. 20. Aluminium Co. of Canada ha comploted #frangements with the Quebec Government under which
He also said the company was the company will construct new planning to build a new 20,000 one milke horse power facili- ions colller with a speed of 14 ts at Chute-des-Passes on the
knots and it was also consider Upper Peribenka River. Power ing the conversion of T-2 from the station is expected to
into cral be available in years,
tankera about three China Mail Special,
The new power plant
provide current for an
will
audi-
In 1954 United Press,
Sino-Mongolian
Agreement
London, Aug. 29.
ELT
General Motors Gen Pub, Ujit.
to face of w replacement cast 274 cents
Prices of futures closed today
as follows:
Spol
Oct
Dec
Mai
May
July
Det
33.73 33.05
33.70
33.80
32.93
32.22
NEW DRLEANS
Prices of futures closed today
as follows:
Spot
Oot.
Dec.
Mar
May
July
cous-
Dot
Dec
LIVERPOOL
was
Chicago, Aug. 29. futures prices
climb for the second Bourd of Trage The market again today. steady to firm, but with wheat commodity after gofiest jeuding gains yesterday.
ex-duck day on a pound, basis, but found buyers un- interested. Eastern shipment offering continued moderate
the
to
fali but at 4 to cont above for
Spot No buyer Ideas Res was quoted at 35 cents.
OVETERN
SINGAPORE
The market opened easier on
advice und Jack of trude support but later improved gradually on unconfirmed re- ports of prospective orders for China
Closing prices were:
Firmness in
37828238
BBBBBBBA
Futures closings, in pence per b. were as follow Old Contract
uffeciod corn
buying in oats, and higher rye
futures prices at Winnipeg had
a similar effect on Chicago tyo │New cuntenol prices.
Soybeans received a big boost
from Italy's entrance Into the
Dat./Nov. 25.00 Doc/I91 24.70 Mar/Apr.
Dot./Nov.
14.00-35
May/June
24.40
July/Aug
24.35
25,00
Mar/Apr 24.00
Dic/Jen 24 00
May/June July/Aug
24.03
24.43
04 70
BAO ĐAULA
market for 30,000,000 pounds of Egyptian Karoak Nov/Dee.
ol. Scatterod hedge- Boybean selling and profit-taking were obscrvable among wheat traders.
Futures closings, in cruzeiros Whent
closed up to per kito were as follows: soybeans up
Ort 1% to 2%
No rubber per . Sept. 08.00!3
Qui 08-08 cent; NOV unquoted cents.
Sept 06-06
No. 2 rubber per lb.
No. J
No. 4
The market was quiet with
| Wheat, No. 2, red
Dea
دهلة
May
July
gains to nearly £5. but other foreign liens idle and unchanged.
ណ
were
Suez Canal finned late in the session and added 2 traders anxiously watched for new developments in the Canal crisis.
Industrials moved
narrowly, with changes either way held to Bixpence or less. Rolls-Royce was an exception, spurting about three shillings.
"Gold
оп
advanced shares South African buying. Coppers turned firm after a dull open- Dotlar stocks showed an ing easter trend in line with Wail Street-United Press.
Rubber Research
Laboratory
London, Aug. 20,
1) of Completion
specially designed radiation labratory at the British Dunlop Rubber Company's Research Centre Birminghamı has been (1)- nounced.
In
Belleved to be the first in the UK rubber Industry, the labora
of the effect tory will study Intense gamma radiation from a 100 Curie nadlocobalt source on And of rubber varlous types pissile materials with view to their
performance Improving through better vulcanisation or the development of
unquoted through
30.00 entirely new properties.
24.10 ad.00
The
source has been suppiled 30.00 by the Atomic Energy Research
In the US the average price Exablishment at Harwell which for spola was 93.06 cepts. Sales will later provide a 1,000 Curie |fcfalled 22,420 Hajes. —United | rudiocobalt source,
Press,
New York Foreign
Exchange
945-90
91-92
Sp
21034
Spot rubber unboled
06-904%
Sept 201
Ilanket crepe
77-79
Dec
No 1 pale crepe..
117-119
Mar
210) 219-34 22516-16 22996-ts
May
LONDON
July
220
201
Corn, No. 2. yellow
Jagx! quoted at 29 pence per ib.
Spot
61
Prices:
Sept
471 No. 5 Bid spor
281-2014
Ded
18015
1381-*
Sellement house tem
Mar
14315
3 Nuv
2824-281
May
14812
Getty On
July
140
51
Glidden Co.
304
Oct./Dec.
28-44-281
Eve
Goodrich 12. P.) Co.
70
Jan./Mar.
2334-3712
Sept.
793
Apr./June
2016-27
Doc.
149-1481, Canada
fleyden Chemical
General markets, cif basis, ports:
Dats
Fugland official
Homilake Mining Co. xd Ingersoll-Rund
334) Sept
28-2014
unofficial
Col.
28-294
Sept.
78
Nov
2714-28
Dec.
7016-1
10-day futures.
48414
Estane crepe in Sep!
Boybeans, No. 2, yellow
Argintisa
thick Bepi
Уров
24n
AMSTERDAM
Sout.
23624-237
311 tiens
The market was qufel, Quota-
Wero all unchanged
Ναν
234-23924
Jen.
2305%
Mar
242-2414
United Press,
May
2434-5
Barley
Spot
Gotyear Tyrg
Island Steel Co.
Int'l Business Machines
Int Harvester
International Nickel
International Poper
Int'l Tei & Tel
John-Manville Co.
Kanton C. Power & Light
Keanecelt Copper
| Lingeli Meyers Tob. Co
Lockheed Aberatt
Loews Incorp.
Lone Star Cement Co.
Louisville & Nashville H. Lørwenstein & Sons. Micgabi Iron Corp. Minnesota Mining Mission Development Monsanto Chemical Co. Montgomery Ward Motorola Ine. National Categ. “X
Nations Prod
Notional
China
and the Mongolian National Steel Corp. Peoples Republic signed In New York Central
'Bater yesterday Ulan
Olin Mathieson Oils Elevators which agreement under
the Owen-Illinois Gi former would provide the latter Peclic Gus & Kloc. with ono hundred and sixty Pan Aniesican Airways million 1oubles worth of econo Paramount Pictures
Parko Dayla Do. enrriert mie aid within a period of four Penny J. C. Co.
yeurs ending 1950, the New Fenn, Falt Co.
Philip Meer's Chha News Agency reported.
Procter & Gamble” to, Pittsburgti Plate Gitar
The agency, sald under the Publickte Industries
tional 120,000 tons of aluminum London Foreign agreement Chinn undertook to Pure ou
smelling espacity in the Sague-
of this
nay' region. The site new plant has not yet been andlounced.
New York
Exchange
The planned Quebec expan- ៧រា and the development pro- pared for Kitimat, will increase. Montreal
aluminium producing | Amsterdam from 050,000 itas per Brussels year at the end of 1955 to a Labon igure in excess of one million tons by the end of 1039. Cost Parts
Froničkumu
London, Aug. 29.
27014-2.7811 2.13 -2.73 10.03-10.04
139,035-330.00734 11.00-3.681% 80.00–00.14 174816-174334 900-080 1⁄4 144074-14,40TL
of the new power plant is put stockholm
Zurich $100 million-Ching at some
Others were uncharged. Mail Special.
-United Press,
ftadio Corporation build for Mongalla woollen lox-
#topubllo tilo and paper mills, a plywood || tas-soldi Melai factory, a glass works, a veget-Shell Oil Co. able farm and storage facillies, in Reg. Paper
Sinclair Ol n stadium, a gymnasium and Booomy Mobloll workers ilving quarters for Bouth Puerto Rico Buga
Southern National Gay these projects.
Southsen railway (Com.)
Standard Brands Lu Hsu Chang; 5- Assistant | Standard Oil of Cal. Minister of Foreign Trade signedatangan pil of ma.
starkan On of: N«J» on behalf of China while the steep Rock Mongolian Government was 10- sterling Drug · Co. presented by L. Trensa, Vice- Blokity-Var Camp. Chairman of the Counoll of Sudebaker Rackard Cor
Swift Cor Ministers,Router,
Texas Co.
New York Sugar
Market
New York. Aug. 20. World No 4 sugar futures to- day closed points higher to i point lower, with sales of 18 contracts.
New York flour
200 lb. Mack
130-140
$13.00
United Prot
WINNIPEO GRAIN PRICES
Winnipeg, Aug, 29. Prices of grain futures closed per bushel as today in cETÉS follows:
als
Cot.
Dec.
May
Domestic No 6 sugar futures | Rye closed unchanged to 1 point higher with sales of 73 contracts.
Oct.
Dec.
201
77%-15
13014 1301
May
135
September covering opera-Barley tions imparted strengli to the world contract, Domestic futures
Oct.
Dec.
1021
4715 reflected itcadiness. in raws and
May Flaxseed
313
207
a moderato refiner demand.
In world raws, Holland re- ported was a buy of a parcel of Cubans yesterday at 328 cente
a pound, Fob. Futures:
· Contract No. 4′′ (world)
Oct Dec. May
Canadian wheat prices were unchanged-United Press. NEW YORK METAL FUTURES
New York, Aug, 20, Prices of metal, futures closed today
conte per lb. 20, nă follows:
Sept.
Oct.
Mar.
May
July
Sept.
Spot-(centa per lb. fob
Cuba)
3,27
+
Contract No.
Nay.
Lead
Aug.
Mor.
BAI
Sept.
'BAG:
AMK
Bepi.
Zinc
Bept
per
MY
Copper Aur
な
nited Press,
-United“ Pre
15.00b
New York, Aug. 29.
Interlocking
Intricato safety precautiona have been built into the labora- tery.-Ching Mall Special.
NAMESAKES
$1.02
Answer-1 Argument, 2 Be- 2.7071 lief, 3 Essay, 4 Existential, 5 2.00-12 Pizzle, 8 Chapters, 7 Friedrich, 2.77-3/32
10 Philosophy, 9 Evidence. 0320 United PriZE. Nietzsche (German writer).
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