1956-09-04 — Page 9

TRADE

THE CHINA MAIL, TUESDAY, SEPTEMBER 4, 1956.

and

COMMERCE

Expansion Immobility Of Labour In Democracies

Programme May Be

Delayed

Washington, Sept. 3.

Business may be forced

to delay part of a record, $35 billion expansion pro-

until next gramme

year because of the recent steel and shortages of critical items,

gov-

strike

nome

ernment

sources naid to-

SOLUTION COULD

ASSIST IN

UK ECONOMY

From AN ECONOMIC CORRESPONDENT

London, Sept. 3. Economic pundits have a They also mail the fight inuty investing certain phrases with

of the sacrosanct.

day.

tuppy my mrke to

dely

1 |

it IITY

**

* 1957 They they d metre higher Interest rates as amme utiblock to inusinpas

NE TINTO! ya'

Min Commerce Department

7530 Steunifam util Exchange

Coronerskyn now

1

value

mping

24)

*W factories.

June, ofther stores arath then fits of era fumidors 1. up" from July

fo that anor 1 construction was al no ก. rate of $44 billion despite the cutback in private home tanich -

Government experts al fow

do not ex[{ businessin in to scale down their plans in W they would like to spend ha new plait and expponent me the

hd quarter de galtes aber lagre. Jugher

ight cory

22 J

DIFFICULTY

Justerial

But they said that when final

F

Li third and furth quarter of the year, they may shera that BIMA – neg will have difßeulty makin grod on its expansion plusie

Onerer said this may have the effect of "pushing

available for the

i)

yem

LATE

WORLD RUBBER

Dull Trading MARKETS

On London Markets

London, Sept. 3. The rubber market was fully attudy with sp quoted t 28-3/10 pence per b. Price:: No. 1 R spat

Settlement house ferm.

Del,

Nov London, Sept. 3. Stocks eased slightly on

2844-22

2014-201 2016-2012

General markets, cif baals, ports

277% 2841

Vel/Dee

201-26.

Jan/Mar.

way

an

of

air

The

decline froin Beglect

the London Exchange today in a dull trading.

stemmed

than sciling

Aprune

2-201

morr

Sept 01 Nov

Estate evežje Sept

pressure Voluine

light

thin tick AMSTERDAM The market WAN

274-275% 279-271 27-27 341

!!!*1*1

WDS

, again today as trucers held to sidents pending further

the

steady.

developments in the Suez Canal Prices closed today in guilders

dispute

British Government bonds finished luwer despite a late

They dangle the current favourite in front of our noses like a bunch of carrots and imply all we have to do is to strive towards this goal and

we shall pass rally. War Loan 345 fell another milestone on the highway to! economic Utopia.

Save

Al prevent

the biggest. Meet the currets clearis labeled mobility of fabou "

Le ali Dest pharm Desnome puredila it has a fine sang to it and it was inspanne

In brief what it meats that Je Simh who for the past Hi vrees has been fumtog ball- 21 in automable Pattery bald, the pattern of the nation's to my Minges, be progett 44401

ma buffs Ppurot j wcaving to s

Ready

Cart

And Willing

Ju Now as a statistical unit Singh slead be ready and will- ag dip his spanises and ples ap hit bobbins if the country is to cantams the right soil of plus ime duction and full emplesment

But the tappy fact sun Happy

enomies that Jve Smilies of the demencies a regrettable short.

when it 4

stalis-

i nes

tight

supply

The

result is th

while in some imp slant t-h andher 1:10 There are jobs crying out to be filled workin the currently unhappy mal bale Justi are desperately tying to

cling their old juni,

there

Text-

1st l

and "Daltons" lost £Y.

Ind

per kilogram. cif Sept lows:

Nobber

No 2 rubber No 3 rubber No 1 stepe

fol-

254 bavera! Bu buyers 35 %

Industrial stocks showed

SINGAPORE numerous small losses. Imperial The market was quiet in the Chemicals dritted lower, closing morning with prices declined o down sixpence, Imperial Tobaced little. Later in the day due to slipped ninepence

Rolls. quidation by the Federation Royce I shilling threepence,

prices droppad Two ceats small pound. Futures Steels managed I w

Not rubber per It Sept gains in the strength of agend earnings report by Hindeld.

Nav Gold share did 'ttle. Base rubber per i Sept

Vi: 7 metals moved lower, mainly re

No 4

No

Is me than just feetark the userom Suez output rubber unbaled

1 hind trodk rehatan, e to be m

lok. British Petrotein fell 2 Blanket crepe

1 puude crep shillings 4% raw the lat

LLET pener. Shell Burmah lost there than 1 pluft- leg each.--- United Press.

L

"mobilly .: tabase" implic.

il ,

warung

with industry US Merchant

Used Casely, as it tie, often e.

That suitable 1 b for the workri who has become

¡No nereply celal jobs.

Just unfall ones

But the esot be guaranteed.

No Guarantee

k

The worker all viderat ca apert

ethet

These

experts singl that the shai, dimmund for material during sightedness most of the year was aggravated' regard og themselves by the steef shutdown with the teal units.

all that certain critical items i

The chances are they married are in very

another statistical unit and bred Other

a pustponement of some unit.

a number

Statistical They

have expansion plans, they said, aro

doubtless, after much sending higher prices and delayed de-

around. found a unit of accommodation liveries Unlied Press.

and may even be paying off the

merge cn it

which factors

London Lead

ITION

small

They are presumptuous cren. tures-inclined to b and behave like human treings

ان الف)

be

SECTION

Calcutta Tea

Auctions

Calcutta, Sept. 3.

Today's external sale 40.000 packages.

WAR

There

was a fair demand and I weakened * the

WATC

progressed. Bright Liquoring C.T.C. offerings

well supported. Medium Annam Brokens was fairly well supported. Whole leave grades wan some two annas lower and market was irregular with Darjeeling teas meet-

tercased demand. United Press.

Ing

HONGKONG

STOCK EXCHANGE

(From Our Correspondent)

Business done on the Hong- kong Stock Exchange this morn ing amounted to approximately $360,000. Noon quotations and The morning's transactions:

Buyers BeBeis

Mules

Uct

134 43

sanquoted

01-02

IMI-RI

87-83

03-932. 74-50

Mharra

BANKS IK Bank Kest chal INSURANCES Elet 'Lombard

SHIPPING Wat

1930 230

1040

LIKNI

40

10) 23

145-117

Wheekick

20

8 63

United Press

DOCKS, ETU

Ep

链

+)

1300

14 1500 13 po

East German Trade With

Ship Building Egypt & China

Programme

Berlin, Sept. 3 Esal Germ Foreign Trade Minister Henrich Bau sa today A government official said. East Germany has stepped up

Los Angeles, Sept. 3.

K Whart Duch Jtrov

'LAND, ETC.

KK Hotel HX Laund

Humphreys Realty

RUBBER

Amal Trust

UTILITIES Tram XD Star Ferry Young'i

15 20 15 40

07

2010

+75

C. Light (0) 2420 24.30

her pestkan he will not bes19; today the United States will rude with India and Egypt by C. Light

coming

* Page

Political Confusion Dampens Tokyo Market Operators

Tokyo, Sept. 3.

The growing domestic political confusion to- ward Japan's peace negotiations with Russia turn- ed operators on the Tokyo Stock Exchange hesi- tant last week.

اد

suspended Moscow one.

Operators felt positive buy, Lan so stumped to 190 on- ing on the market

was Im other new jow. possible pending the return

The speculative slump put a Foreign Master Mr Shigemitsu | camper in the gineral market

ane! his detalle 1

Heavy inluvirles continued to to the Governant ant Increase their capital. They in- cluder Yuwata Steel Works. Fuji Iron

Bleet, Tokyo Shibaur Electric and Kurashiki

troni

the

peace talks

nation.

report

confusion and The political resulting note of cnution in the market wou Increased by US: Rayon. Secretary of State John Foster Dulles confirmation that 2 had fold Mr Shigemitsu In London the US could claim Okinawa permanently it Jupmi recognised Russin's claim to the disputed south Kurlle Islands.

Average Fell

The Dow Jones average fo below the 500 yeu level fr the Brit time since the latter part of July. It opened Monday at 501.30 yen continued to drop and closed at 492.92 on Saturday. down 10.42 yen from the pre-

virus week-end.

The unstable political climate was reflected in the movement of speculative,, Helwa Real Estate went down lo The 320 from the yen levri

4

on

Gilts Popular

These

Higher graders were bought capital increase innouncements hul prices changed ittle because the announcements were expected,

Trend of investment turned to a strictly selective basis, Gil- edged were therefore popular.

Ajinomoto closed for the at 201 you, down 2 yen week.--

wed's

frem the previous United Press,

NAMESAKES

Answers:-- 1 Chapter, 2 Noveis, preceding 3 Reform, 4 Jopes, & Sophie, đ Tokyo Marine and Andrews, 7 Fielding, 8 Picare- Fire Insurance slackened to 183 #glie.

344 yen

yen, a new low and Mitsubishi Tom Jones.

P.O BIELA

COMPANIES

147!

150

5000 150

1 60

23,29 23:30 2350 | 23.30

139 Ito 12 1300

1800 24 20

IN

more than 200 per cent úver last yeer in the fhm half of 1950.

Electrk:

213

Telephon

(0) 24.30 23.10 1900 N 24.30 (N: 23,00

300 i 20.30

PENINSULAR & ORIENTAL 5.N. CO.

34

J7 130

000 w 2000

3944

1 65

ETC.

Daity

16.00

.

10

100 15.00

Wales Laive Craw Email 3. H

12.80

29 00

IDG

Mr Ratt said trade with India rose to 202 per cent over last Nanyang year's trade In the first slx months of this year. Trade with INVESTMENTS

COITUNS

Textiles

420

740

A 10

Mr Rau's statement, made in in

an editorial in the officlat Com-¦ INDUSTRIALS 12-month munist paper "Neues Deutch- Kamen

land."

Metri I comeides with today's

that cure Saying abaud --i

11:44" undead of "mobile. Or ta

pui 14 bluntiv Jur engage in ง $605,000,000 employed

At the same time there any conversion

merchant ship building and guarantee that even if suitably

programme placed he will aut become more

the mobile" again.

period. Se he tries to dig in whete le This would match a billion opening of the Leipzig contumer: STORIS,

| prograrnme put through during foods fair where more than 20 This esence by the portion the 1950 of many of Brain's au mobile ended June 30.

Ascul year period countries frum East and West

will offer national products. workeus.

Why are they in this The official, Edward D. Run- position They thueler. jurtly to blame.

are son, general

the counsel of Their el Maritime Administration and lo Free that higher wages Jur Federal Mariume Board, said Lacking Shylock's articulate them meant higher prices fr the new programme gives " Egypt even rose to 237 per cent Allied London, Sejst

iness in protecting their humanity British automobiles in a hardly

vt ysurance My tend

competitive to entroirh The yo Morning prices of copper, beaut

competitive

in the same period, he said. He American merchant marine." and his closed in stering per having to be an "mobile

selves against the prospect

of yan

failed, however, to give absolute And fix for The blame mud alry be

Long range plans are to place figures for the Fast zone export at least 20 new cargo ship orders and the entrenching tool they use not shured by the Chancellor of the

Import business framic- American yards each year for tons. Exchequer whose credit zuuccze The next 15 years, he added.

He said

East Germany is Mr RanscRI spoke before the concentrating its foreign trade Machant Marine Committee of on India, Egypt, Syria and other the American Legion.

Near East countries as well as He said "the day is not for South America-United Press.

when the United States WELL have The Bryt nuclear powered merchant vetan. —United Pres,

And Copper

sig too ar

followar

Copper

Settlemon!

Tutnover

Lend ist half Sout

buyes eller the trade ut. 2

304

103

380

201

30+

30 to

110

114'

114

D

0034

Afternoon prices were as follows

Lead but half Dec

Zone 2nd half Boot

Zine 2nd half Dec.

Cupper apot

buvers Mellers

304

703

S-month

300

Land Lo

hase

Sept

(10

રમાં

Int h

Dec Sept

Zł

J-4

ו-75

HIC

11424

恻

{

United Press

KE

Dig In

Thus that they dis in on indeferable paritions at the time when rennontists and in fan are thee latter most ab-

jective spectators-can ave

cartand Barket

imroreign

Hockey contritustesi,

car sales in the home and by inary of ranulacturers wàKuro

altitude Bwards foreign competition. pari.cularly German, has ben "

strichliko,

The while process is known that | weatly as "pricing oneself

or their own eventual good and) of the market.”

for the ectomic health of the community they should be pre-i pared to change jobs.

Indonesia Introduces

Complex Import, Export Regulations

Djakarta, Sept. 3.

A complex new series of import, export regu- lations came into effect today.

The

effect

ty

Warning

12 #

ship on the LONDON PEPPER

Exchange Rates

ww

this

MARKET

was

Less Use Of Escape Clause

PASSENGER/FREIGHT SERVICE

Outwards

"CORFU" "CARTHAGE" **CHUSAN**

"CANTON"

Leaves London

Badled

Due Rongkong 17th September

100% October

September *7th October

10th October

13th September

28th

121 November

Via Southampton, Port Bald, Aden, Bombay, Columbo,

Penang & Singapore.

Leaves Hongkong Dua Lendom

2 Septober Stud Optober

October

19th November

87th November

Homewarda "CORFU" "CARTHAGE" IPLI "CHUBAN”

21a detober "CANTON"

Via

Bingapore,

"SUNDA"

of

Washington, Sept. 3. Official Turiff Commission data released today showed

decline in demands United States industries for use of the "escape clause” to obtain higher tariffs

Londen, Sept. 3. The pepper market was This you might think would be

the loend steady; Hudner was done in

White, Sarawak. read as a sluttry warning by

exchange market

quoted at 2s 6d, sellers; Black morning at the collowing rates therectors of industry

Not

U.S. dollar per $1

03 Sarawak special, war at is Bd. apparently. For the ship-Sterling notes (por 21) 15.00 sellers, Black Malabar, Septem- against imported goods.

13.43ber, was quoted 242 per cwt; 27.40 while October was at 230s 66 per

cwt-United Press.

1 bruliding

stuping ustry is to all intents Austrailen natos (per &1)

towards the same end.

Welders

lodonesian rupiah (per 100) Slam tool (per 100)

in the shipyards of Singapore (Straits)

the Clyde and

cradles of they and best ships,

tho Tyne once

world's

rld's biggest

Istike action (0,000 wening

and

out).

apprent.ces are niready They are seeking a guaranteed minimum wage. Their employers rejected this and offered an in- vestigation of the present preve- work (that is "payment by re- sults") structure.

The economists by and large sgem to be rallying to the banor of the employers who claim that guaranteed minima such as sug- gested by the workers would national markets,

the Inter lift them badly in

The flood of shipbuilding orders to Germany The result would be that the and Japon lends Exporter would now benefit at argument. the experee of the Government

to change would be to boost the value of clasification of imports from exchange certificates which last four groups Into

with week were quoted at 183 per consequent revision of "extra" cent of their face value. lavics which range from nought

nine

to 400 per cent of the goods'

rupiah value.

At the same time the nature

of foreign exchange certificates which the Goverment decided

exportcra

bren changed.

Luxury Goods

}

The division of imported goods into

tne entegories

was

has

Nimely per cent of Indonesia's Imports fall under the category

of goods imported with "com=

And

force to this

The Price

So there

increase export production fall solved this question: What price

are

in the lower levy categories.

Wool

10.30

1.63

Representatives

Meet Tomorrow

Washington, Sept. 3.

This

contrasted with the situation two or more years agʊ when such industries as the bicycle and watch manufacturers won higher import protection and thus aroused widespread public interest, particularly In other nations which feared the US was bent on a new high terift era.

In contrast recently there were pending in Congress or before the Tarift Commission 30 or more demands for higher tariffs or quota protection.

In contrast the calendar of

November and December showed

Representatives of the wool producers, the Tarif Commission just handlers and processors will meet here on Wednes-ued for September, October, day to discuss what figure should be set as the 80-only six public hearings of this called wool incentive price for the 1957 marketing type scheduled,

Some of these concerned products which are year which begins on April 1.

minor when measured in terms of value of Imports in relation to US import trade generally.- United Press.

is

Carpet Wool

Production

The incentive price, called was able to sell he was at up for in a law passed by Congress to 48 or 30 cents a pound. At the same time it is very to issue one month ago as signed to reduce levy on some human of the

| two years ago, is set yearly as The subsidy. therefore, welders to want ductruents to

Д price determined by the latended to act as an incentive consumer goods, raw materials the security of guaranteed Agriculture Department, in con- for producing higher quality and capital goods to protect wage packet. After all most saltation homo

assist other peoplo in the country have the wool trade, to be a fair

with representatives wool Industry

The formula, for determining it-including economists. agricultural ostates,

Fortilleur and other aids to

remains to be te price for good quality shern the actual payments, based on

wool.

the rallo of the average market the ordinary

Last year and in the current price to the incentive price, peopic of At the same time such pro- Britain, the statistical

your the incentive price was 62 | Demains the same each year by unita,

centa ducts as textiles and four have prepared to pay for overall a pound. The average law. The incentive price, how- "higher national prosperity? - London price received by farmers last ever, is set anew each year by

Washington, Sapk: 3. year Express Service.

was 12.8 cents a pound, the "Agriculture Secretary,

Both production. and Thls

For both yests the law assumption of carpet wool-con- average price being s 44,9 per omt of the incentive been in operation the price hus tinued to ries

during

1006 been set at 62 cents a pound... price, therefore, wool growers

and. :world produziton for this It is understood however, received cheques from the Gov-lint, there is more than normai fà & cxtlemafod 'at 1,810,000,000 crnment amounting to 44.9 period out this year for a 2.5 to 2the US Department of cent of the price they actually cents a pound increase in the

12 Aviculture mild today. .../ received for · their

orice, od the growers, case will

The United

the United be presented of

Western Europe and Wednesday's meeting, Pave a

conilnue the

Woof #LL experted to be à

men foreign exchange" allocated

et the official exchange rate. been moved into the

They come under the category levy"" groups.

of goods imported with foreign

exchanga certificates. These are

luxury end super luxury goods

Principal Export

Auch as cars, refrigorators and In the cise of radios.

an

London Foreign Exchange

London, Sept. 3..

S78-8/10

12.15-12.18

United

textiles and |flour, levy tids increased, from Within the past month, im-60 to 70 per cent, porters had not only bid for The Government also certificates but also pay to gove nounced

today that export erament ruplabs equivalent at premium on rubber, Indonesia's the official rate to the value of principal exporty was reduced Closing rates were:

fram eight to five per cent of Montreal imported goods,

New York Now this "extra transfer tax for value for processed rubber kfurt wen had been removed But business- and from three to two per cent Zurich

today that effect for unsmoked sheets-Reuter. gald

Others

Higher Quality

year

Recording to

Con=

Feacting

fmporta various agriculture to the tipited state rowe 24 per the wool bent thưưỡng the BriÉ TIX months.

The grower who could get tong round table disquesion; ale only 39 cents a pound for hittended by

| wool was paid by the Governi umciale as well as

mont at the same rate=44.0" trade representatives,United of 1080 over the corresponding por contins the grower, who Press,

period In 1958 United. Press, T

10th November

17th December

Pinang. Colombo, Bombay, Port Said & London.

FREIGHT SERVICE

loads 12th Sept.

Aden,

HAYTO,

for Singapore, P. Swet- tenham," "Adeb, London, Hamburg, Rot- terdam. Antwerp &

Grangemouth

"SOUDAN"

due 14th Sept.

from UK.

"SINGAPORE”due 29th Sept. from UK.

from UK.

"SOMALI""

du 19th Oct.

"SINGAPORE“loads 23rd Oct, for Singapore, P. Swet-

tenbar, Aden, Haven, London, Hamburg, Rot- terdam, Antwerp & Geen gemouth.

BRITISH INDIA S.N. CO., LTD.

2358 --- A HUNDRED TRAUNS OF SERVICE --- 1348

"SANTHA" due 14th Sept. salie 18th Sept.

"BANGOLA” due 20th Sept. alls 30th Sept.

from Jopen

for Singapore, Pazin, Rangoon de Calcutta

from Calcutta for Japan

P. & 0./8, I. JOINT SERVICE

due 7th Sept.

"FTAURA”

from_Karachi. sails och Sept. for Japet

sup

6th Sapa,

120th Sept.

4

"UMARIA"

die 15th Sept. salis 10th Bept.

from Japan di Kinesisat fer, Bingapore. Padang. Tuticorin & Bombay

from Japan

for singapore," Madres, Cotambq, Karschli Basrah, Khorramsalanar de Kuwai

EASTERN & AUSTRALIAN S.S. CO., LTD.

"EASTERN" loads 5th Sept.

"ARÁFURA” Ane 15th Sept.

for. Labuan Sandakan. Rabent, Brisbane, Bydny. Mullroszynow is a

from Australia

́All, vojska kave; liberty' to 'sath so any porta en es off the route a the roulé ál sailing dra miljo te change de mmandment with or without motiva“-

For futi puclucajere, iruple se

MACKINNON

MACKINZH

HE HAND AND

Tetrahare Ho.. 21: