1956-09-27 — Page 9

TRADE

THE CHINA MAIL, THURSDAY, SEPTEMBER 27, 1956.

and

COMMERCE SECTION

Poge

London Stocks New Railway Opens Up HONGKONG Late Wall Street

STOCK British Columbia WORLD

Pushed

Lower

London, Sept. 26. Yesterday's setback in. Wall Street and domestic labour uncertainties com. bined to push nearly all sections of the London stock market lower in moderately active trading today.

wer?

Loca

held in a tw pener meg, inned the anda

tais but chelieul shares govs

up as much a

two shillings

Bayar me aleres were beavy

printed sizable

atthough setting wen:

declines,

not exer*** } Love, Huyal Dutch siculated udumul 14 sterling riflch Petroleum and Anglo-Egyption "B" down two shillings or more

Brilish Goyenavents fractional ges in guter

דות

Foreign

bonds were

worze

1:1

-

teady, with gains extending to

2 sterg same Japane e ins

1

4.ee eenla

THE GREAT EASTERN:

1956 VERSION

Vancouver, Sept. 26.

Canada's booming Pacific Coast province of British Columbia has just greeted the completion of a railway building project which is likely to add fresh impetus to its already impressive economic growth.

CHICAGO GRAIN

MARKET

20

Chiengo, Sept Grolus rallied from the lows! of the day, and cesedi best levels, with whrut and rye at

Germany Polresh rpurted about 2 sterling

Gold rhares managed a firm Appearance on elective living, ir near the previous close but coppers ensed.

mark-

Dollar storks ཧཱུཾབྷ། 1ཋ down In line with Wall Street

Unlled s

London Foreign Exchange

London, Sept 20 Closing rates were;

278-8 10-2181, 2724-232),

New York

Montien

Arnterthan1

Buses

Carpeningri

Frankfuri

Mini

Stockholu

10 at 82'

Buying

futur vorn

farsi

wie!

in ensh

The first ran tumbered over a 500-mile line smoking through age after range of mountains

from this ocean port in the dis- tant Interior of the province,

The completion at 12 P.site Girent Eastern Railway Hak Letween Vancouver and the in terior town of Prince George ranks as the greatest railroading ehievement the American con- thent has seen for 30 years.

Roadbed Blasted

w05

RUBBER

MARKETS

Now York, Sept, 20. The No. 1 Rss rubber future contruct closed today unchanged i with anics of 08 contraNİB.

Closing prices:

December

EXCHANGE

(From Our Correspondent)

Bugiren dene on the Heng- kong Stock Exchange this mern- ing amounted to approximately $504.000. Noon quotations and the morning'a transaction":

Buyer Helleru

Hhares

| BANKS

HK Bank INSURANCE

30.30 Unlo

Lombard JI 25

Wheelocks

The rex contract closed 25 to 40 SHIPPING contracts.

higher

eter

November January March May

was delayed 22 hours by an un-July

September scheduled rock slide

sples of A1 DOCKS. ETT

30.00

K. Whart

Dock

31 35 Provident

31.00!

LAND, ETC 30.05 fic utel 3000 K Land

49.33 Humphrey's 20.84

Standard contract closed 35 1 40 To these pile towns the s Far

line ha menot new

new contraeta. Septembe economic

Prince George

December March for example now has more than

May Twice the population it hugi 10

July years ago

September

New highways are branching off and along the route, together with oil pipelines and electric transmission: Iner Sawmills and mines are mushrooming. Se b the entile industry of the Caribou rangeland

Possible Extension

For miles the roadbed FAXUTT con and improved export busi- - busted out of sitic rock, hackeri Country offerings of corn izen by inch deras the face of

not reported | Vilfs falling straight into the Ftlitaje

reu,

BURY

rast Innled

Trule w mods rately betive, throughout most of the session. Shortly after the pening favourable weather darl

erop repents campest siling in contruets, wybem prices se recovered +25

Envering.

1.

Form

but

Who f vents; soybeans up 1 to 1% cenie,

Price per bushel In cents

Clemi: Price!

The project has been carried oil in the best tradition of the pioneering west--strong men working bard in lands uf breathtaking natural beauty which had never before felt the fouch of civilisation.

Citrally

Sales

00) 1938

1020

1000 1010 4715

220 D' 3600

D3 9412

43 434 13.00 14 10

יע י.

Rally Rivalled Tuesday's Fall

New York, Sept. 26.

The technical factors which have ruled the market of late held sway again today, lifting prices in an afternoon rally which rivalled yesterday's sell-off.

#

quel Cons

Bethlehem Steet Boeing Airplane Borden (The) Co. Burroughs Add Machine Canadian Pacte R

Analysis could find no sperp. | Bendix Aviation Corp. fle item on which to pit. the market'a behaviour. The con- etreus was that the inlly was normal development in a 230041 market which had gone down la 12 out of 14 gessimis. The outlook generally is to further erotic markets until after tie elections.

13 40 13.30

041,

20 143 1475 101.43

14,000 1 1 473

1500) - 1 472

110 112

2470 24.0G 22 22.20

100139

700 11$ 1500 2-4 BO

The late Wavy selling which

Chae (3, 1) Co Cat Tractor

Celanese Corp.

C. I. T. Financial Corp. Chane Manhat Bank Chrysler Moto's

Climax Molybdenum Culgate-Palmolive Co.

eut market values of all sted Commercial Credii sharer over 2 billion yesterday Continental Gt of Dei

Cetrulidated Edirn

Crane Co w

Crown Zellerbachi

Cuban Amer. Sugar Diamond Alkal

carried t ༢་ད་ today and put stocks »l mid-wrission down to their lowest levels since June 8, the day of President Eisen- hower's int

Industriais Pu Pant de Nemios a were off more than 4 potte on E Paro NaMunal Cas

30.00

51.45

DEN Amala UTILITIES Tan

1473 1

30 60

30.00

Stor Ferry

21.00 23 00

139

20.35

You

28 00

C Light (0)

1. Light N

Electric

34 31 75

6:00 31 15

31 3 30031 50

20

2480 75

(*) ** € 50

33 80 24,20

Carried Up

37 37

*ነ

37 400 371

Itope

13 13 20

Locally, Intra-dezler switching STORES, ETC operations included exchanges of Dairy Nov-Jan. contrae 3, Sept.-Dec. contrue's were switched before

Support developed

nt

1 20

1000 10.30 level.

Higher ruling of London had

eadying effect over the local |

Trading ruled Macro E

Telephone market, although rather quiet. London advices 10) milicated a good demant for (N) physical rubber in that market INDUSTRIALS

Cement from Continental buyers.

Aut The present river i

Elater's the Great

jas chapter.

Work is already underway to push the ae another 300 miles

the spot mouth expired at noon. Wation from Prince George Inlo north Furt Saint John and D: W

Shipment offerings from the

Lane Craw Creek of the famed Peace River Far Eastern again were reported COTTONS wheat lands

moderate but *JIE 100 high | Textite Corp Long-range plans are under-priced to attract local buyer In= | NAGxams

INVESTMENTS TH rallway began as long way for a possible extension on

terest.

Factory interest in the Yangtze Into the Yukon territory of the delivered marke! was

largely 10 as 1912-with much Britishi

nomed capitul

after for and

north

further inlocuiesty.

Spet No. 1 Rss was Britain's "Great Eastern"—and | Alaska-n plan which is re-

qu'ed nominally 24 cents. we'll

the ported into had reached

interesting interior of the province in the American capital -China Mail **** year, before World War 1. But Special.

the line ended at a little Indian

end

to

and

be

2297-230 coast village ned STIN SHARE

210 Thirty miles of sheer rock fail-

199,25-1389 30

10 33-19 H

17401-174914,

#44:14 43

12 2014-12 20

Jules Bee 2

103-13 14 May

Wheat, No. 2, red Sant

2297, 411 Mar

2200

Judy

Coro, No. 2, yellow

128

150

+36-

148

148

132

Zurich

nother

unchanged WRITE

New York foreign exchaRAVJE were all unchanged excej Vanada

United Pins

NEW YORK METAL Spot

New York, Skept 20

Price of meer eksed tuluy

In een ty

FUTURES

Jai best

Del

Tu

||

Zar

Nepal

Cak

Kogupta Sept

Lki

15 14h

*

1 Inla the sew blocked! # from Vanemver. It became known.

us the Talkway that started nowhere and went nowhere

E

ጊዜ

יד

I

Mat

May

Hyr

alk.

INT

13 13.

Mu

Outs

¥་

9 750

Ma

13 100

Buy beans, No. 2, yellow

13096

Spot

20 895 Nav

38 GOD

JAN

2270 2361-2 24017

Mated P

Mai

243

› May

24012

24714

Spest

July

LONDON METAL marley.

PRICES

Landon, Sept. 20

Ives if no tals closed Today

#23 sterling per ng t

fallowe

Zoe 2nd half sept.

Dec

New York flour

200 D

you t

130-14001

$13400 - United Press

WINNIPEG GRAIN PRICES

Winnipeg. Sept. 26 Prices of gram futures closed

Con Pa bushof

The British Columbia Provin- Gal Government had meanwhile taken over ownership of the Raway Company and for years I became a "political fog ball sinal extensions being W!!!

now and then at election | times The line operated with a money-losing barge ferry link- ing it with Vancouver but it was a steady drain

a pubile money

Scaled Cliffs

a

BOOMLET COLLAPSES

SINGAPORE

The murket

the opening on

was easier afber disappointing

uveritas ravice. Prices od. vanced on trade

covering later

in the day. It WIN reported that China

further bas made

purchases. Futures:

No 1 rubber per lb

+

London, Sept. 26.

No. 2 rubber per ib. Malayan tin shares had Ni

boomiet in

London No

Spet rubber unbatent ruunket er pe yesterday, following mours of a mass take-over No pale crepe bid by the Camp Bird Company.

Ocl

Dow Chemicals

Eastman Kodak

average and rail were down Erde Railroad over a polut.

General FoodA

Ovneral Motor

Family Finance Corp

Ford Motor

General Electric

Gen. Pub, UMI.

this

Getty Oli

Glidden Co.

however, and earried Goodrich . F Co

and sharply

Goodyear Tyre

250 2 14 15 priers up rapidly 3000 16.20 with virtually all issues closing flomatake Mining Co.

{}

14

1000 en 10.20 1601300

20014 500 in pa

2860

7.40

4.35

1000 430 1500 a 7:40

UK Synthetic Rubber Imports

London, Sept. 26,

of

and

Heyden Cherntool

many Ingersoll-fland

their lows abov finishing with net gains.

Of a total 1,881 issut.. traded.

| 551 were lower on the day, 308

higher.

the

kland Steel Co

Int Business Machines inti Harvester

International Nickel

International Paper

Intel & Tel

John-Manville Co

Kaneas C. Power & Light Kencrent Copper Liggel Meyers Teb. Co. Lockheed Airerari Lewa ineip

Trading pickert up on rise with a turnover of 2,370,000 Shaves

Ralls led the way up with numerous factional gains andi rises of around a point in Chese-Louisville & Nasliville

peake & Ohio, Illinois Central and Norfolk & Western

Atreraft, sleet and non-ferrous metals highlighted the indus- triais.

Aircraft gains ran to a point Doulgas Nerth American, Bendix, Boeing and

or more

In non-ferrous metris. Kaiser

The British Government bas Lucicheed. authorised 80-001

the imporling

Bethlehem paced steels with a Nov. 804/9-80 80,000-tons of synthetic rubberise of over 2 points.

in 1937 compared with an Im- port programme of 70,000-tons for this year, the Board of Trade announced today

Dec. unquoted

0814-19

LONDON

372 373

8415-05

5:00-60

73-79

110-121

•

Aluminium ran up more than 2. Chrysler and Frid added major trnetiens.

New York Slack

Exchange

American Stock

Exchange

volume was 910,000 shares,

Daw-Joncs closing

were!

synthetle

20 ade

30 industriale

averages

Of the total for 1957, 20,000- tons, the same quantity as this bond volume was $3,000,000. year's will be special purpose syuthelle rubbers and 60,000- The market was steady with tons (compared with 60.000- My fell this morning, 1 shes it transvlred that the bid- spot quoted at 20.15/16 pence, ton this year) will be in the

Prices:

form of GR-5, the main general --for no fewer than 18 Malayan por lb.

purpose type of cash. no postwar companies-includes

No. 1 Bu spol

rubber, Bird intends to offer its | economy boom, based on u sure. Camp

Settlement hous! work timber market and fed own

exchange

Noy for shares in

Dec. with thousands of European in- | those of the 18 companies, at j migrants, soon brought brighter, the average prices of the shares the railway and end of Camp Blid shares over prospects for work on The 30-mile stumbling the berlid from July 27 to Ocneral markets, ef basis, ports:

lock began in earnest.

September 31

British

Columbia's

trt på ;

207-27

2014-771% 2014-201

2014-20

20-281

21-26

Jan./Mar Apr./June July/Sept.

thiye Nors

T

2014

705

Oct

2011-201

donanth

751

772

i

Capper st

2974

201

Todiny in

R

3-th

2031

follows:

I end at half Sept

116

117

Oats

De

1142, 112

1+7

Det

11

1.

707

United Pres

Mary

TV

hillion tons

Rye

Into the Pucitie

Cirt

12.

unlo

Der

1347

Drilling teams scaled the! The chairman

Dre of Camp Bird, ! elifts and, often hauglog on by Mr Jehm Daiglei-h, estimated to Estate crepe

thin Del that the 18 ropes, drilled in blasting holes, an

thick an announcement "sent $last after blast

1500 companies have a market value of rock crashing ot

£4,400,000 sterling, Dncl liquicl Despis { £2,250,000 Isterling

ployed

Nov

2014-2014 24-25-

34

341

AMSTERDAM

10:

*

Many

JAU

Harley

in the local

ปี 17

Det Don May Plaxseed

1057%

10?? 10%-104

Oef

J11.

16 17

12.65

Der

218

May

284

100)

27.11

Business

Exchange Rates

unoffetal

was done

market this exclannge morning at the following rates:--

US dollar per aligne Sterling noter (per 21

Australian notes per CI Indon

Bam Deal (po 1001

Singapore (Strl++

ruplah per

in.30 Canadian wheat prices were

in unchanged.--United Press,

AUTOMATION IS

US ANSWER

TO COMPETITION

Washington, Sept. 26.

Giang bulldozers crept

widening

Ledge The $10,000,000

stendy.

The market wus Some remur atleety as they could be Prices were all unchanged since to be spent į ---Reuter were

yesterdny-United Press, and live men were to die--some of them bulldozer drivers who were not quick tạngh to jump machines reheri when their mer into the sea.

Two fines of steel grew out from carb cad, sanking buck Did forth along the rock cousi until eventually they met. On August 27 Premier W.A.C. Benuelt loaded his Cabinet and reveral hundred other dignitaries anlo three trains and set off for The remote Interior of British Columbtu, the tabled Caribou Country.

Breathtaking

The Great Eastern's new orange and green diesel locomo- Drets roared off along what must be one of the world's sernie train rides.

From mountains

Cotton

Futures Steady

Hold

New York, Sept. 26.

Cotton futures today maintained an overtone

of steadiness amid a series of alternate rallies and declines over a range of 31 a bale.

At the close prlets ruled up!

5 to off 3 points, A post-openi at: rally lifted all deliverles from most December forward to new zza-,

sonal highs and a maximum pine-clad coast gain of 05 cents a bale. New the line moves Orleans closed up 1 to 7 points, breathtaking

technical reasons, Realising pasacs Charles Percy, president of Bell & Howell Co.,

the dry heart of the pro- following a gradual rise from told a House sub-committee today that automationvince, often along the routes of the lows of Inte July, covering is America's answer to competition from cheap chille traits of wild west in the October delivery, along foreign labour.

betler

the

through

Into

ta

of

days. Towns along the line with mlil buying tigainst textile beast old Red Indian names orders, and shipper such of Cheakamus and Lillooet against

export

comming be and

others, such

Soda, acted to check the sclbacks. rub- Creek and

Lone Bulte, were Worth Street parces estimated once roaring townships in the sales of print cloth over the past days of the Caribou's 1800's few days in the neighbourhood

and 30,000, 25,000,000 of

Perey, whose Arin manatactures could probably cameras and photographie equip achieved by an outright ment, appeared before a House sidy," he said. Weys and Means sub-commitles

EL. Tebert, vice-president kvestigating turil

tracle cad problems. He said a liberal of the Syracuse China Corpold rush. irade polky is in the best interest appearing for the Importatione of our nation's economy and of low-priced Japancao made

secutily."

Outright Subsidy

other foreign poltery.

"It Is obvious never secure a farli!

rate high

"In most important fields we enough to equalle the low have consistently beaten the foreign costs of production," above best competition the world has Tobert said.

to offer," Perdy testified. "If we have a special genius in Ameri can

R

Wild Life

NEW YORK

Router.

Singapore

Stock Market

Singapore, Sept. 27. Brokers today

quoted following stock prices:

15 ulltlw

03 stocks

140 bonds...

• Commi. Niture palce index

Comm, spot price index Moody's index

Closing Prices

Allied Chemical

Datu Lintang Rubber Co. Ltd. $181 - Amir, & Furgn, Power British

Fetavlo Borneo Byndicate...

Lone Star Cement Co.

Lowenstein & Sorin,

iesabi Iron Corp. Minnesota Minina Mon Development Minunto Cherleet Co. Montgomery Ward Motorola Inc. Natterns Cash Rest. "A" National Delay Prod.

National Lead National Steri Th New York Central Olin Mathieson Olin Elevators Owen Hinals Glass

Preille Gas & Elec Pan American Airways

Paramount Pictures Puke Davis Co Penny J. C. Co f'ens Sult Co Phip Morris

Procter & Gamble Co.

begs Plate Cr Publickey Industries Pure Ol.... Radio Corporation

Republic Steel 101.60 Reynolds Metai 106.07 Shell Oil Co.

09.13 Saint Reg. Paper 180.01 Sinclair Oil

07 10 Socony Mabbat

100.00 South Puerto Rico Sugar 184.20 Southem National dus 426,20 Southern Railway (Com.

Standard Brands

Standard Oil of Cal. Standard Oil ut Ind Standard Oll of N.J

$97. Sleep Berk

1704 .. Line Co

U.S. Smelting

U.S. Steel

Werner Pios

Westinghours Electyle West V. Pulp & Paper Woolworth

Stelloy Drug Co.

Allied Milly Die

824.

Bludebiker-Packard Corp.

Allis Chalmers

2124.

Swift & Co.

the

American Alfiles.

22%

Texas Co.

American Cable & Radio

Tide Water Akin, où

Corp.

Twenty Century Fox Film

Opening

American Cyananide Co

60*

Union Carbide)

142

Unton Preife tilway

Am. Much. &“ F'dry

United Aircraft

57/04

American Metal

20

US, Foll, "U"

Consolidated Tm Smelters

Ord

American Smelung

27/04

Freier & Neuve Ltd. Ord

$2.48

American Tel & fei Ameries: Teb. "D"

G.S. Gyrta

731

Fraser de Neuve 15%. Qiun.

Anscenda Cooper

no

pret

$500

Annco Steel

03

Hongkong & Shanghai Bank-

Armour

10

in Corp.

1000

Allas Cove Mining

2023

Hongkong Tin Ltd.

0/80

Baldwin-Lima-tam.

Kempas Ltd.

$1.04

Baltimore & Ohio

LAB Rubber Estates Ltd,

0.83

Malayan Breweries

$1.001

New Berandah Rubber Co

Lbd.

Petaling Tin Lid.

Raffles Hotel

Singapore Cold Storage

$1.47

South Bettish Insurance Co.

Ltd.

$14.50

38.30

$3.02

track Trading

Straite Steamship

United Engineers Ord.

Wearre Bros. ....... cdob cumdlv.

China Ma Special.

Priect of futures closed today New York Sugar

as follows:

Spc1

Det.

Ee.

Mar.

May

July

Ocl.

Dec.

NEW ORLEANS

34.501

39.83

34.04

34.11

3407

33.71

33.09-10

11.05

323.97

Market

New York, Sept. 20.

World No. 4. sugar futures closed unchanged to 2 points bigher with

con- #ales of 03

tracts..

The domestic contract clowed 1

Pilces of futures closed today to 3 pointe higher with sales of

as follows

Spot

Cet.

Dec.

Mar.

May

July

0.000

Oct,

Mer

LIVERPOOL

33.25 33,90 34.00

34.10

141 contracts.

Higher trend in both markets reflected a trade demand shd

the firmer ruling of the market, Futures:

United Pres

YPHOON MAP

with revised codès in force as from" 1st April, 1956,

TOW

34.07

33.7

$3,00

Contract No. 4 (world)

23.08

Oct.

14.01

Mar

May

July

Oct/Nov,

24.03

Dec/Jan.

Mar/Apr. May/June

24.05 Nov

Spot-fcenta Ib. fob Cuba)

Contract No

B.01

24.30

New contract

July/Aug. Oct/Nov Dec/Jon. Mar/Apr. May/June- SULY/AUK.

24,73 May

July

0.50

23.18

Sept.

25.00

Nov

24.85

180 Bpot-teents par lb. cif 24.70

NY: ex-duty) wh

0.07

United Ress.

$5.00 MOUNTED

Future closings. In: cruzeiros

At one point, Maran, the yards with deliveries extending anger looks down 2,500 feet in to the recond quarter of next Brokers, however, werd into the canyon of the Upper year.

Future closings in pence per sept. Fraser River. At another point uncertain whether the sudden b. were as follows: the train roare into a 350 foot buying splurge that we can

was seasonal, or Old contract tunnol, makes a horseshoe turn represented an improved inside a mountain and emerges buzintis sentiment generally,

the point at which it

Spot Interests were modernio entered..

sollers of the October deliv around the 34 cent

ont line. Buford Brandis, chief

trade interests bought the post Economist of. the American

saics of later month_aginei Industry. It is for the Cotton Matifacturers Institute,

le thick all along deliveries. Wild

Tho schievement of an

38.300 open posillon Leypton Kapsk. Nov Den ever lower said the US textile industry the route, There are bla unit cost of production."

in October today tolalled 90,400

BÀO TOULO ..:|negás röller,

"mountain lione” grizzly bear, Perry who to Bociated Ufo said it caught between gik, moose very train parties bales. The certineated stock ro with the Commitice for a nd- US

mained at 3.281-bales. ogricultural polley, which a rifle in thờ guard's van. An Month tional trade policy,

!

concoded bars foreigh raw colton and sells engineer, reported

orted taking 48 st. thero may

exceptioris, US cotton abroad at cut-raft trout, from 4 trakaldo mountain pre particularly for Industrite prices. and foreign „trodo polley | stredhi lei, 4115 hours, wo which must be protected for Whol

encouragés All the little town along the July national defence reasons foreign industry, to sell its good, line turned out win bed band gat

receptions for Promier, Bennett's

Mar "Inaugura, trela-bven though Artal

be

"it necesary, ald could be in in the United States United the field og takkia, alihaugh, it' PAI.

Mar.

May

Volume Opor: Interest

per kilo were as follower

28588

NAMESAKES

Answers 1 Neptuno,

Ellipse, 3 Diglance, 4 Light, B

00

$.4 MOUNTED

Observe, 6 zalescope, 7: Star South China Morning Post Ltd.

Universo, "D. Mercury, 10 -Meca.

In the UB tho laverage spot. 11, Planets, 12:Revolve, 13 Bojar Ufied/indus: unavailable. Sales | 13. "Saturn,, .164 Petreside)410

:81,201 Walas.mŪnited ifronscond. 17 Uranus, 18 Brafting,

Nicholas Copérníquáji