1956-10-16 — Page 9

THE CHINA MAIL,

TUESDAY, OCTOBER 18, 1956.

*Page

TRADE and

COMMERCE

SECTION

STOCK In Cotton Futures

Conservative Government's HONGKONG Wide Price Swing Tricky Task WORLD Wall Street Stocks EXCHANGE Spot Month

RUBBER Turn Irregular

KEEPING LABOUR MARKETS

VOTERS HAPPY

FROM OUR ECONOMIC CORRESPONDENT There are 12,405,000 active Labour voters in Britain (Tories 13,312,000). There are too a considerable number of less active sympathisers who one way or the other could not make it to the polls at the last general election.

of the

These numbers. include s It was London's Daily Herald, buix

The nation's out of Len 11 the force on whose effutis depend | TUC which demausted "hers can the flow and competitive value the Government pretend that it is of the country's exported in

to alʊp the evet of living ther words Britain a

ing while I urvensingly of econointe Kurvival in a hard

pruletes that pal it "

world.

It would NOCTIT

tes

chummers

fren

Esse

Not Difficult

to

Kan polities and economies 10 keep the large and vital slice of population reasonably

That's

one

I

ציןיומה

And that was the fir

11

wil rme frem the runk

no "any Lusk futanfate of counter blan government pactcularly a Con-

Britain bei valive Before it can get down to a Sucralasts and trade unst constructive jub of fostering the sort of tndustead co-operativn vital to the nation's econ health It has test of all to da li

bit very

of smart

pubhe relations work I has to over- coane,

possibile, the as tur a

New York, Oel, 16.

The No. 1 Itsa rubber futures ntract Jodny closed unchanged with sales of three contracts.

32.90 December The Les contract rinsed, unchanged 1 $5 penis higher with sales of Leight antiracis

November

Dex embe) -

March

May

July

Septriaber

November

32.18

32.10

31 80

310

3090

29.00

New York, Oct. 15,

{From Our Corrispondent)

Business done on the Hong-

New York, Oct. 15.

Annual adjustments in the current October de.

Stock Exchange this livery dominated cotton futures trading today.

morning amounted to approx- Noon quota- tions and the morning's trans-market actions;

Skares

Irregularity came into the stock market todaymately $580,000. with a few selected issues holding the spotlight on wide moves either way.

11 and 16 entrat eloned unchang. | Average, ed to là ponuke higher with no sales Late

that

December March

May

Jule

Septetaler

Nox montrer

32 03

31.70

31.40

3000

3040

20 pu

Themtrail market proved to to this showest for any day The stends undertone was atibuted to the tone

The fact foreign markets, and Meet Mery appeared little rub-

Meskel

cables. to

[7] Abbote speadiness to lack any O ja ule aller neon blowhille demand,” on TOURÉ Commented.

e-

'ན་rརྟེན་t switching Stovalley developed in March-January st Factory buying me 15 pents terest remuined negligible. Spot No 1 Its was granted nominally

ap

to

of The main body

stocks moved narrowly in moderate turnover 1,010,000 shares com- pared with 1,830,000 on Friday. Ralls were the only major

close higher group

adding 0.07 This re- flected chiefly a gain of close to 2 points in Blinois Central on in divkiend increase and a Fun

1 up

In Kansas Southern.

American Among ludustriale, Telephone stood out, turning o small los to a gain over a polnit in the dhy' active trad-

ing.

Southern National Cas Southern Hallway (Com) Standard Brands Biandard Oil of Cal. Standard Oil of Ing. Standard Oll of NJ Steep Rock

دانه

Buyers Sellers

Nalex

3911

DANKS

HK Bank

1030 1043

El hata

244

05

10 INSURANCES

Lombart

42

SHIPPING

on

Berling Drug Co

51

Wheelu

15143

910 55000

A

Stokely Van Canip.

10th

Studebaker Packard Corp.

DOCKS, ETC

Wit & Co.

K. Wart

031

*Texas Co.

Dock

140

40.00

Tide Water Assn. Oll

36

1000

68%

Twenty Century Fox

Film

300

44

City

Union Carbide

500

Union Pacific Railway

Prov

LAND. ETC Ketel

10 1180

14

15.30

isk Land, Humphrey

101

684 201

RUAREN

Maralg

04

53

UTILITIES

United Prom.

Star Ferry Youmou Xn LC Light #01 2400

23.80 (23.00 142 144

25

2219 20

Lukena Steel

more shot up the 7 al ils best and held nearly 4 points of the rise. US Steel und Bethlehem

ensed while Inland 1980 13% points

Coppers Soft

Coppers were soft on lower prices for the metal,

lo 3 ranged close Magma, around 2 in and Anaconda.

Declines pointa in ispiration

Steamship

United Aircraft

US. Tail

ÜB. Gypsu

U. S. Line Ca.

U.S. Rubber

UB. Smejting

U.S. Steet..

Warner Bros.

Westinghouse Electric

West Vn. Pulp & Paper Woolworth:

CHICAGO GRAIN

MARKET

To

Grain the Berait ngan quote what a Vinge fas de a thing like thum **

to

The Jeuls are not healt

forest, opposation le Chancellor Mactri‡-

SINGAPORE

the market

of Acres

mrved sleader Again good demand

fog lower grades. Futures:

suspicion and untipathy of these inn by the very people whose tatugged toward soon on luck Sociaal Party supptæters, and it co-operation he necks and કામ ta tu to within limits of furity round of wage increase what I believes 10

demands

With

attendant principles

the national industrial ind

winch does unrest wellbeing.

Britain no good whatsoever in the fold of mormational trade

-London Express Service

Tricky Task

Is tricky task of win- ning the "workers" ".

co-operation

without pandering weakly 1

the extravagwit

among them.

An important

irresponsibles

14まで A the

formula for achieving this would seem to be avoidance of moves thebe which tended to ELEM! worker and were at the same extremely and ink- lime not mediately vital to the nation as a whole

This might lead uf COLA C to accusation that the

3

W0B

tim

of

"playing

They

Anglo-Japanese Sterling Payments

for

London, Oct. 15. The fortnight-old Anglo- Japanese talka sterling payments trade arrangements resumed here today after a week's break in the con- ference.

Clovernment politics."

So whati Puities are played all the infidit as well be played effec

Britain's Lively. But

present Conservative Government to a dlsintere ted Guæerver would

10 have repeatedly the twe

the need for such

oppear overlook reliency

Finance and trade cinis of delegations Bday hell Ot session the

pirmy und fact in dealing feeling since Monday last when with the labour force which in the negotiath to were adjourned their "nable the experts to make a

detailed stol stied exnuninaticet.

Jargely nympathetic 14) political opponents,

We..ate run i

THE

AntrceTM

st

No 1 rubber L

Novestabes

December

701 2 Abber per il Nov

好

421-02

Juny

unquoted

01-915

No

ជា ! “ អ៊ឹង

No 4ubber per ib. Nay

11. 16 \

Spot rubber unbaled

115-117

Anket crepe

74-20

Nuole crepe..

118-117

a rubber per 1. Nov.

LONDON

The market was steady with

quoted at 27 pence, Prices:

AMSTERDAM

The market Wes riesce Friday, All Novembe“. -United Press.

New York Sugar Market

10

New York, Oct. 15 World Nu. 4 sugar futures to

unchanged day closed points lower with no tales re ported.

The domestic No, 8 sugar futures contract closed 3 points 1 point lower with higher c sales of 58 contracts.

American-Hawujin

be

a smp guiner last week, on re purts the company would

around $160 inquitated ai

denial of the tell umur, then recovered to close up is on the day.

SIN

Tyre shares were strong, Good riels Too 2, Firestone and Rubber around a point

Of 1,118 [ssues traded, were lower, 427 lugher,

US

444

Now York Stock Exchange bond volume was $2,930,000

American Stock Exchange volume was 010,000 shares,

Dow-Jones closings were: 30 industrials

20 rails

Closing Prices

Alluriona Sindlting Ainerican Tol & Tel American Tob

Anacuria Copper Alovo Steel AFITHMUT

Alias Com Ming Boldwin-Lara-Ham

30%

duriner

484

Corporation news. textile developments, export prospects and the usual run of were lost peice shaping factors

sight of in series of wide pries swing in the spot month before expiration in mid-noon hour. Opening at 34.49, the

spot

its

dellvery dropped back to 34.25, then on a final flurry or

or cover- ing raced back to and closed out al 34.08 cents high

a pound, a new for the eession on an over" night gain of 45 points $2.25 bale.

Five delivery nollees appeared against October, the first issued since notice day on September 24. Open contracts at the start today totalled 12,000 bales. The 034 6 700 04 certificated

stock declined 37 bales lo 1 new

low of 2,676

1 325 155 3000 et 1 523

C GARHI INS 2420 24.00 Electric

31

37

bales.

4000 1,33

After

October

went

off the

boord

12.30 ot

down

p.m. trading

ILJ commission

450 g 23 70 slowed

TSN 001

93 40 000

236314.40

house traders and other interests | paused to swalt new incentives,

Monu

Spot

October December March May..

July

October

December

March

34.400

34.25 expirock 34.00

34.17

NEW ORLEANS

Prices of futures closed today

as follows

apot

October

December

March

May

July Quieber December March

33.40

26.43 expired

31.09

33.19

34.00

34.24

33.22

13.20

LIVERPOOL

Futures closings, in pence per lb. were as follows:

Old contracts

Oct/Nov

Dec/Jan. Mar/Apr. May/June

Now contract

Mar/Apr

July/Aug.

Oct/Nov

Dec/Jan

Volume Open interest

October

8/500

May/June

14,000

270314 December

23, 200

438,200

July/Aug

| Tekphone

10,400

+11,000

Egyptian Kärnak

(0) 2490 25.10

INI 23 p 24

200 g 25.10

16,900

219.000

Nov/Dec.

4,700

145,500

1,000

60,100

000

22.700

}

400 1.800

10,500 1,440,800 bates

341

3700 23 100) 24

372 23.90

Maret May July October

December March Total

NEW YORK

Prices of futures closed today

200 17 30 78

15 40 10.00 14.20

700 10

as follows

Chicago, Oct. 15. futures

wurt prices irregular on the Board of Trade} INDUSTRIALS

- fairly Today

active emerit

Rope

13 10 deoling. The

ensed STORES, ETC Wheal market alightly due to light liquidating Dairy XD

n by commission Houses on moistures received over Latige areas of the southwestern winter whe wheat belt during the weekend, Buying by commercial interests at mid-morning stopped the decline.

Watau

Tokyo Stock

Market Review

Tokyo, Cel. 15. A return of bullish sentiment Dow-Jones overage lifted the on the Tokyo Stock Exchange 10 its fighest level since August 28 the market closed at 409.15, up almost eight points from the previous week.

The five-day weather fore easts called for little or no rain, Soybeans rallied shortly after mich-day

higher Fightly prices for soybean

and smaller than expected receipts.

Local trade was mixed how- ever, and trading was light.

Wheat closed off % to 1% pents; soybeste off to up cent

in centa:

Closing prices

2231n Dec, 226% (1) 22743) 221-3

selected Buying centred in 23211-44

slocks especially in the choral- 213

cels 25316

synthetic libres, ship- 2415-223 buliding, automobiles and bear-

ing industries.

Prices per bushel Wheat, No. 2, red

Spot

2401-14

Ü

24.90

888 82875

28.08

00.00

unqusted

SAO PAULO

Futures closings, in cruzeiros

per kilo were as follows:

30.10 unquoled

-United Prem

Oct.

Dec.

Mar.

May

20,00

PO B·IE.A

COMPANIES

PENINSULAR & ORIENTAL S.N, CO.

PASSENGER/FREIGHT SERVICE

Outwards

Leaves Landen

Dan Hongkona

·

"CARTHAGE" "CHUSAN* "UANTOR"

20th October

-

my p

4th November

12th Noversber

November 7th

480,40

161,00

10 titles

69.49

stocka

17.00

33-716

40 bonda

9% 15

settlement housé

November

27-2734

Comm. future pricd index Carom, spot price hiden

100.35

107.03

i eraber

2714-2736

Moody's index

417 30

Jan/Mar.

3771 272

Aur June

2014-17

July/Sept

2011-27

General markets, cif baste, parte.

October

20 21

new

Mar.

No ventbet

204-27

Aiden Inc. Acy.

#174

and

December

May

20-27

Alied Chemical,

July

were

Estate erspe this Det Fatale eps thick Det

Allied Mtila luc

32

5414

|Allis Chalmers

at

Sept.

Aniellean

AIFlute

170

Com, No. 2, yellow

| American Cable & Radio

Cvit).

Spot

Dec

12454-120 13315-71

American Cyananide to

701

Маг

unchanged prices

c#

Amer, & Forgn. Power An. Mach, de "dey American Metal

May

30

July

2

Sept

14244 144

6354 Ryc

10041

Dec

1621.

73

Mar

701

Ost

#54

Dec

7714

181 Маг.

793

Investors have already paid up 27 billion yen (US$75 million) in now capital during Septem- ber and are expected esfied upon to pay in 10 billion yen more by the end of January but the general sentá- ment was that the money mar-

tu

be

ext

#CITRANE "CANTON" *CORFU"

เร

Soybeans, No. 2.

Hallimore & Olio

51

Spot

224

Hendix Aviation Cors

Nov

20714-

kel would turn easier as

Shin Mitsubishi Heavy dustries, Teikoku Rayon,

result.

In- Too

Benguet Cuna.

1

Jail.

Belleher Steel

1071*

Mar

2

Boeing Airplane

041,

May

Harden (The) Co.

July 50%

Burroughs Add Machine

42

Barity,

Canadian Pacife R

341%

Bpot

134

New York Hour

03

4215

7714

7014

49 today in cents

4815 follow:

4041

4812

Chata

Questions

on

no

Yet one. economie benent

neatly packaged

Was the stood to melude the reported sufficient for drop in Japan's sterling reserves the

£ 100 pro-over the past year from paganda they handed their op-millien to about £45 million. ponents Who made you pay

Dealers balances Cuban raw Futures:

11436

Oct.

Dec.

Stay

July

Ryo

Ort

Contract No. 4 (world)

Dupont de Nemours

10011

Dec.

Eastman Kodak

May

14012

Ei Paro National Ġas

July

March

Erie Haliroad

2014 | Barley

May

Family Finance Corp.

22

Oct.

July

538

The

Jamuose delegation 10

Ford Mour

009%

Dec.

Sept

3.33

1021

General Electric

003

May

Spot-(cotita per ib.

General Foods

4012

July

i

ut

wage

demands

Cuba)

324

General Motors

Flaxwood

Gen, Pub, Util

Contract No. 6

Oatly Oli

Oct.

3004

Gildden Co,

་་

Kov

077

Goodrich (B. F. Co.

May

Mar

Crodyear Tire

Млу

Heyden Chemical

July

Iforniake Mining Co

Sept.

0.01

Ingersoll-Ra

Nov,

AG1

In und Steel Co.

Spot-cents per ib. ell NY

ex-duty;

6.75

***United Press.

They have done things which |

paratory doubtless are wel. Intentumed t

uf the analysis well founded and inspired by cuviven

petter vi finde and payments principles of the Coservative

The past year and its things which possibly did need ring doing which may in the long runoutlout for the next 12 months.

Jagtly beneficial, hui politically speaking their timing has sometime: been poor and

prove

they have presented their op ponents with plenty of political Ammunition.

For

removed instance, they the subsidy from bread, a move which was economically sound

EXPERTS

The private- SCUNG VAN began In domestic rows, tightness in on October 1 when the officials | freight space was expected to

Case (7,1.) Co.

Tractor Crionese Corp.

CIT Financial Corp Chare Manhat. Bank Chrysler Motors... Calmax Molybdenum Colgate-Palmolive Co Casertal Credit Commonwealth Elec Consolidated Edison Conumental Oil of Dei. Crane Co. and Crown Zollerbach small. Cuben Amer. Bugar

set up two experis committees rend movement of Puerto Rico one dealing with finance ruotters | raws to the United States this and the other with trado qued-month and in November

ons.

raid unsold quota

Philippine sugar are

discussion

anal in effect fleted hardship among the officials are under-

ان

Diamond Alkali

Dow Chemicals

08

more for your bread?" And this

threatened strikes.

decision coinelded with a round the talks with officials of the Bad, British Bourd of Trade, the Treasury and the Bank of Eng- land is being led by Mr Takio Oda, Minister at the Japanese Embassy hee, Chino Mall Sper al

Rent Decontrol

ous decision. benefit

ok

London Foreign Exchange

London, Oct. 15,

Now Housing Minister Dun- can Sundys announces plans to gradually. It decontrol renta

necessary and courage- More people will than will suffor, operties mouldering because their owners cannot repair them

Closing rates on the totally unstall tic con- trolled rents they receive will New York be put into good shape, houses Montreal will be built for renting, some-Amsterdam thing it has just been un-Brussels

Copenhagen economical to do until now. Frankfurt Nor

that many Kilan is it leely workers" will be adversely Paris.... affected,

A necessary move, but whe

If vitally and immediately

necesary? Did it have to coin-

Stockholm Zurich

0.70%-2.10 11/10

27134-2.71 7/10

10.03|6-10.0331.

Int Business Machines

Int'l Barvester

International Nickel

International Paper Int'l Tol de Tel

John-Manville Co,

NEW YORK METAL Kansas C. Power & Light

FUTURES

Now York, Oct. 18. Prices of metal futures closed

139.02-1:30.07% today in cents per ib, as follows:

10.3376-19.34 11.704-11.70% 1755-1784 0021-00225 14.4015-14.404 19.234-12.231.

Others were unchanged.

Now York exchange rales

cids with exhortations to wage were unavailable.United Prose.

restraint by Chancellor Macmil-

lén nnd vowals of hostility

Union

towards his polletts by The powerful Trades Congress.

CHICAGO LARD FUTURES

October Lond

November Tin October

November Ztur October

Nuwer" Copper gelober

Kennecott Copper Libeguit, Meyers Tobi, Co. Lockheed Aircraft

Low Incorp).

Lone Star Cement Co. Loulaville & Nowvtila" R." Lowenstein & Sonr Mambi from Corp.

18.07b Minnesota Mining 18.08) | Minulon Developme 101286 Monsanto chemical Co. 10210) Montgomery Ward

18.17 Motorola, Inc.

13.150) National Craft Reg. “AG 14.706 National Daley Prod. 54.50 National Lead

November United Prem.

LONDON METAL

PRICES

London, Oct, 15.

Prices of metals closed today

R

National Bleel Corp.

New York Central

Our MathieNICITY,

Qtle' ElevatḤTY.

Owen-Illinois Q

Poclip Ge & Elec, Pan American Airways Parsinount Pictures Parke Davis Co.

Penny J.C. Ca.

Bann. Seit Co.

Pillip Morr!0)

in sterling por long ton as Proofer se dabbit Co. Chicago, bat. 10.

· follows: Prices of lard fütüren closed today in cents per, lb, as follows; Tin's glob

-What wonderful propaganda for ether Stellists. Look at the Torica

récord. housing Macmillan stops you buring « Hoy with his credit squYERBU ond Sindri trinked it tough to

Not strictly true, but it will f

Det

Nov.

Mar.

May

Copper

·112.20.

Lond

Lead

Line

zine

buyers milers Publickor. Industries.

Bottabsargh Plate Gloss

180 12

Put On

dis Corporation

Biosaly 01).

STIL

200 ib, sack..

240-24032 Spinning, Nozaki Sange Electrie and Taho Motion Pictures were 24014-12

among the varied shares proffied

on the trend.

120-148

$13.207

United Press

WINNIPEG, GRAIN PRICES

Winnipeg, Del. 15.

Prices of grain futures closed

July

per bushel

Ajinomoto remained constant at 199 yen.-United Press.

London Stocks Improve

London, Oct. 18.

The London Stock Exchange sidestepped the Suez situation and moved higher with indus- trials, including oil shares, in good demand.

British Governments 01.0 made a strong showing, up an 276-27734 | much as & In Old Consols.

10/-. Royal Dutch addect

United Preus,

Electronic

Tube Factory

Paris, Oct. 16.

The Peking State Elec- tronic Tuba Manufacturing Factory, the first modern factory

Lesser gains appeared In

British Petroleum and Burmah Oll

sewhere in the industrials, electricity and engineering shares enjoy rises of a chilling Ford tor Rolls-Royce, Motors and Unilever were up fractionally.

میں

Foreign bonds were Ignored. Gold and other mining shares also inet very little demand.--- United Press,

of its kind in Exchange Rates

China, has started, pros duction, Radio - Peking re- ported.

The radio said that Chim planbed to builti, a series of mach

this

Dualnem seks done in the local dinofficial exchange market morning at the following rates- 1.9., dolar (per $1) getting notes torr Rij

listesian noten (bør 21) Ellam tidal (por, 100) Bngapore (štuka)

modem radio factorios to overthortesian rupiah (per 100),

come the

bucklandneks k radio industry.

According 40.

In

the proliminary

period before formal production,

the Poking factory hild, sucesedi

dd: în transfetticing: oD-RT, BRA Geramental bosis: 10% varisiles, opt 40); electronic tubes, which manures

ph up to strict international star»

NAMESAKES:

Answerssal Adjust, 2 Balloon. a Ascent, 4. Quiet, 6. SuocORE/ Observe,

Saku Manobuvre, 9 ɑlobo, 10 Descent, Hledactory is equipp

quipped with 11. Atunde 12 02A:17 Record, machinery from › the Ulsa," the 14′′ Valves, 15 France, 10 View,

concitaded." "Tinee- 17 Basket, 18 Survey.

|| Jacques Głonigolfer.

"CORFU

10th December

Vis Southampton, Colombo, Pedang & Blogsporn.

Bambawarde

“CARTHAGE*

Leaver Hoogkang

Due Londen

November

30th 1st November 8th November

16th November

142h Decernitier

3rd December 18th

December

Bath January

Via Singapore, Paning & Calamba,

FREIGHT SERVICE

"SOMALI” dae 20th Oct.

"SINGAPORE”16adə 25th Oct

"SURAT"

"SUBAT"

de 9th Nov.

loads 2nd Dec.

"SHILLONG”due 12th Dec

from UK.

for Bingapore. P. Bwat- tenham, Havre, London, Hamburg. Rotterdam, Antwerp

Qrang- mouth

From UK,

for Singapore. P. Swet- tenham. Havre. London,

Hamburg.

Rotterdam, Antwerp & Grange- mouth.

from U.X.

ALL VESIELS OUTWARDS AND HOMEWARDS

HAVE

PROCEED LIBERTY, TO

VIA BUZZ CANAL GAPE or dood nora OR PANAMA CANAL AT OWNERS OPTION,

BRITISH INDIA S.N. CO., LTD.

1458 –– A HUNDRED YEARS OF SERVICE — 1934 "SANGÓLA" due 21st Oct, from Japan salle pind Det.

for Singapore, Panang.

Rangoon & Calcutta

F. & O./B. I. JÓINT SERVICE

"İTOLA"

dae 17th Oct. from Karachi & Coolin sails 19th Det. ter. Japan "ISMAILA” du 29th Oct. Kalle 30th Oct.

from Bombay, Cochin, Colombo & singapors fot Japarn

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

"NELLOBR” alls 10th Nov.

"NANKIN"

anila stii Dec.

for Bandaxan,... Ribau), *Grisbane, Sydney: Male

bourne de Aistside

- for Bandakan. --Rabarut, Brisbane, Bydney) 241- 'bottene di Adelaide All vaddala bavé libèrty ́to enll at any pirts_on. or of the roitia & the costs a sažilig am subiven 'to'cháanò or armandinens, with or without notice.”

For full particulars upply col MACKINNON, MAGZENZIE & CH OF HONG KONG LIÐ. Telephone Has: 272211.