1956-10-02 — Page 9

TRADE

THE CHINA MAIL, TUESDAY, OCTOBER 2,′′-1956.

and

Singapore Car Industry Encounters Another US

Stock Market

Brokers

Singapore. Oct. 2. Rday quoted

following stock prieve

Botu Liang Nubber Co Ltd Dis Bornto Detroimuni

Sy-diente

the

Openton

2164

Sitirite

Ord

* & Navn Lid On Front & Neave Lid 7

***

10/-

27/0< $ 124

15 00

Coneluiated

Def

Hope & Stoneha Bank-

Ling Comp

Herehong Tand

Kompas

f

tunis Rubber Fatales 1.5

Melaven Breweries

Pelling T

Singapore Cold Storage

New Bermalade Bulabe; Ca Lad

South vs Insurance

1/2/1

ゲ

Murais MoAMENTO

Tile Weiterst Ord

Were Bor

$14

በ ሀሳ

Economic Hazard

New York Sugar Market

New York, O... 1. Werkt No. A siger maltena

to poin closed unchanged higher with aales 19 cox- fructs

Domestle Ne. O sugar futures closed 1 pont lower to 1 point higher with salon

$350

$1 80

гы

31 30

11uels.

#2525

414 36

IN 20

way

产品

artive

edets China Mail Special

Furness in world

ات

GG con.

contracts

GOVERNMENT MUST

WATCH FOR SIGNS

OF DISINFLATION

From RONALD BOXALL

London, Oct. 1. The credit-squeezed, import-restricted the more British motor industry fell foul of yet another economic hazard last week. The sugar giant Rootes group sacked 500 men and blamed it partly on "shipping difficulties" arising from out of the Suez Canal grab.

with coupled

buying in rawa during

marte

the past week pits the stantial reduction being

the 101

Cubay

Future

New York Foreign ecks this yeni.

14

Exchange

W-tiny futures

Contract No. 4 (world)

Det

New York, Cel. 1 Closing rates were Calachi Fagforlu qk

MAL

333

May

3:37

x 37

Jula

12-2173

#78-17/2 277-70/32

Sept

3.7

Spirits prents

Cutral

for

327

-day tutajen

2 70-23/32

Contract No. 0

2 17-1/60

210-13/10

Nov Mar

340

P

Ap>

SMK

M

2011

Sout Nuv

5 Su

Londen rates were unavad.

Spec-Leenks pre

able Unded Press.

ell MY

Cutest PANT

New Zealarna

South Afr

Aigenti

India

B

Others were unchanged

Wall Street Hit

By One Of Worst Breaks

New York, Oct. 1.

15

Other car makers found them- p The key to the problem

export stives in difficulties of another | the

market. If car kind.

for

Tokyo Stock Market Review

Tokyo, Oct. 1. Selling decreased while popular investment buying increased оп the Tokyo Stock Exchange during the past week.

Nishin

Spinning dropped sharply on Friday as its capital increase announcement Fall i to live up to investora expocta- lions. This affected business in other leading issues such as Heiwa

Extole Roal

and Mitsukoshi Department Store which are objects of speculation by major operators.

Inducatial brokerage houses, went on buying however,

non-ferrous chemical industry, metai, textile, and electric machinery issues with the result the Dow-Jones averugA that advanced further to regain the 480-yen level.

A Standards machinery makers could compensate was in danger because electrical | the fail in home sales by divert- mubtenance men were striking|ing a larger proportion of their ver the redundancy sucking of production to overseas markets some of their colleagues. So the there would be no need for them fastusy

sent its workers home to devise schemes to circumvent I live days while the plant government regulations. But the was being checked.

restrictions and shipping delays And at Fisher

Ludlow would mean that

many of the

Some

traders were cantius cars which cannot be sold

of uncertainty during strin- becauING home because of credit

the week whether Prime Minis- gency cannot be sold at all.

and Do Body Works 400 men were sarked because of an earlier tali off an orders from Standards,

Relationship

The industry must redouble ter leniro latoyama would go to

to conclude its efforts to increase its sales Moscow

SUEZ ISSUE

in overseas markets where im- treaty with the Russians. port restrictions are not applied and this will mean paying far more attention to meeting foreign competition, both in design and price.

Close Watch

List week the Treasury de- ced the drop in car production in relation to the general dis- Inflationary picture. It told how

the fall in output

of "durable consumer goods" had enabled The Industry to divert more of jate resources to investment and

Meanwhile the Government jexports. And the Treasury gives

some of the credit for this to its will have to keep a close watch

inflationary measures.

on the car Industry to deter coversmine whether there is any fur- But the report only The period up to the end of June ther advantage to be gained by when car production was begin-continuing the squeeze, 11 must ng to recover after the sharp be ready to relax pressure

soon as a de- and the industry as o! the spring

of divintiation suminer. onrly

Later ligures sirable degree

into show the recovery continued in shows signs of developing

and unnecessary July but collapsed suddenly in an unwanted August. In that month the in-slump.-London Express Service. #dustry was badly hit lag

Stocks were hit with one of the worst breaks of the year today-with tight money, election un- certainties and Suez Canal still the excuses given for the decline.

The market broke sharply on Becelerated trading late in the day

forved which

reporting? Bicker tes run tate, but demand developed at the lows just the 11fte.t oilers sub- stantially

vonneback, although it left prices sharply low or the day, backed the theory of many Wall Street' that the market action is largely techniek 1

Iafd winei,una-Hami Boltinny & Uldo

Bets Avalon Corp Benguet Cons Bethlehem Stoel Being Alone Burden (The) tu

Burrowclis Acki Mart İşte

Canadian Pale R Che J

1. v.

Cat. Testor

Celanew Corp CI. T Financia) Corp Care Mental Br Chrysler Mutun Cix Molybdenun | Colgate-Palinnlive

Cominere Credit CORITIBIWall, Elec Consulated Fac Prime Out Du Crane Co lowest aleem Zoller Bart

The neilon lay left rails at

Jevels

since fast lowent their

their Nuv 2. inchstrials average lows since Feb 14 and

their

Multi al

May 23

The pl

Average June 8,

671 The

| Cuburi Ainer Sugas Dian and Alkah. general Dew Cterripple

Dann 4. Numepi wad Dh. Naopak pre / Festiuni Kesha

the day of President | 1 Pasu National flas Eisenhower's ines, and turn-re Radio

Family Pinotien Corp

over, too, was the heaviest s the Ford Motos

that day.

Turnover of 2,800,000

contrasted sharply

General Eletra

Maresencial Motors

In t with Friday's 1,720,000 share.

888 Lower

Out of appearing on

were lower,

Grp. Pub But Getty On Glidden Co

Godrich 1 F ( Good at Tiro Heyden Uminical Honake Mining Co Ingersoll-Baral

Inland Set (o

1.183 Interchical Corp,

Tope, 088 | Int Business Maristes

of them Int Harvester

a tokal

the with 203

International Nickel

nt new lows for the year. Only internation Paper

Fecessi

The

66 strike at the British Motor Cor- 14 portion works, but nellier this entirely

161 or the holidays could

123 account for the more than 50 39% per cent drop in output com- pared with the same month of 13+ 1955.

14

40

71

The industry is under pres- sure from several sources,

The

1credit squeeze and hire purchase

A restrictions are hitting its soles

גון

at home while import restrictions

40

40

447.

108

is source of worry and now the kap

are making it more diffleur faun ever to sell abroad Foren conpetition

inerrasing

50

it all there are detaya in ship- 1614 ping cars through the Sucz 87% Canal

191

10

20%

22

Matter Of Concern

for the Society A spokesman 53% of Mutor Manufacturers

Traders said: "The dislocation of and the longer haul shipplag daround the Cape, together with To the cutting out of some of the intermediate parts, is a matter of to the molor Industry 85 concern

undoubtedly and

affeeling 61hour overall exports,' Meanwhile

10

Tike ult

something has broken between motor traders and the

73

445

34

294 open warfare

108

John-Manville Cu

Kate C Power & Light

in ture a

lows Liggett Meyers Tab. Ca to a small Lockheed Alrerats

Low Incorp

Kennecol Copper ...

130

..

44

19

132 advanced with two relting: 8 Tel & Tel

new this.

recoveries

Best

Chrysler which

of nearly 2 points

gain; Di Pont which recovered fase Star Cement Co.

points of a loss of nearly 5. Louisville & Nashville R

Lowenstein & Son

3

Tobacco slocks were amon Metals from Corp.

the hardest hit, refeeling

the Kilnnesota Muying

renewed cancer scart. Liggeit & Mission Developitsent

Myers fell nearly 3, American Morvants Chemical Co.

Montgomery Ward

Tobacco more than 4, Philip

Morris and Reynolds

than a point cach.

more

Motorola Inc National Cash Reg. "A National Dairy Prod. National Lead

Rail losses ranged close to National Steel Carp. points in Louisvilles & Nash-New York Central ville.

4

Olin Mathieson

Otis Elevators

declines ranging Owen-Illinois Diam Oll shares around 3 points in Cities Service, Paelle Gas & Elec.

Pan American Airways Continental and Shel.

Paramount Pictures There were losses of around

Parke Davis Co. Aluminium and Penny 3. C. Co. 3 points in Alcoa, around 2 points in Rey-

Penn Ball O Philip Morrie nolds Motals,

Procter & Gamble Co. Pittsburgh Plate Gines Publicker Industrien Pure Oil... Radio Corporation Republic tee? Reynolds Metal

International Nickel and Kennecott Copper.

New York Stock Exchange bood volume was $4,820,000,

American Stock Exchange volume was 800,000 shares.

Dow-Jones closing averages Shell OH Co....

wond

20 industrinis

10 utilities

00 tools

40 bonde

Comm. future price ind Comum, spot price index Moody's index

Closing Prices

Aldon Ino. Aoy.' Allied Chemicala Allled Miline. Alls ChalineEN American Airline America Dable

American Cyanamide

Americas' Motul. American Emelting Arbet

Amé

Алагород Соpper

Arimos last at Armour

Baint Reg. Paper 400.70 Binclair Ol 100.5 Socony Moblo

64.93 Boulli Puerto Rico Buger

163.33 Southern National Cha

9.05 Bouthern Railway (Com.} 100,70 Standard Brands

1331 | Mariang Du of

42410 | Standard Oil of Ind.

Standard Du of NJ, Sleep Rock

304 Government, 4712 雄

When the Government decreed that a 50 per cent down pay- 614mont would be required for all

cars bought

WORLD RUBBER

MARKETS

on

New York, Oct. 1 The Nu. Rra rubber futures lower 29 points today closed with sales or 13 contraeis.

Dre

The Sucz situation

#

pence

Wor

SECTION

RICE EXPORTS

of

Washington, Ori, 1, The Department of Agriculture reported today that US rlee exports in the marketing year from 1935 through July 1956 totalled 11,340,000 bags hundred pounds each terms of milled rioc,

This was a 15 per cent. increase over the previous marketing year but 18 per averagt of cent below the theTM 5 proceding years August 1950 through July 1035.

Principal export markels

rlot for US

in 1930-50 were Cuba, Paklatan Japan-United Press.

and

HONGKONG

STOCK EXCHANGE

(From Our Correspondent}