1956-10-17 — Page 9

TRADE

THE CHINA MAIL,

and

WEDNESDAY, OCTOBER 17, 1956.

COMMERCE

SECTION

Equal Pay For Women Becomes

WORLD Issue In NZ

COTTON MARKETS

New York, Oct. 16.

today Cotton

futuros drifted irregularly lower after a stondy start with

activity slowing

the decline.

down on

Plentiful offerings in nearby Doceniler delivery

at the 34

con line, emanating from leal- Ing spot tejests, mil powstallity

CIVIL SERVICE

CASE SPOTLIGHTS

THE PROBLEMS

Wellington, Oct. 16.

Equal pay for women has become a

of urteased hehe lively issue in New Zealand.

The harvest season luominently

reach a renk, were restrain

TIM Ty

Ca o

Ani bol

Jow

+ to

in the & trance

angelion the st

10

SEE

ey were un-

Mr Sidney Holland, the Prime Minister, of eleven has invited representatives

to 33 pos: women's national organisations to discuss problems of women's salaries and wages and other matters of specific interest to Conversety srule-dawny buying | Women which may be suggested by those

New Orleans, i loset D# 13

32 bits

for all interests, exporters nud

saltgod sources rushioned the

declines.

trit 3.

organisations.

The spotlight was torn al subje

The Mary ide of toon ele

by what has coine that with posabilities

"Mis to be known hore as the mupumings will creste a tight

wash the Parker va Huntion 1ster ritu Shappily

Minister's Beban being taken season, and impact of the Boll bank 12 14 next year's in- a result of the fan art! ser buelo, is.lped

market sentiment

shape by d

JA Parket,

The Government weekly cap Sumay Budel harvesting inde rapid propone us the train belt of dry under

influence

although MOITI Funny weather.

developed in the extreme north, Central Texas and much heavy

of Oklahoma because of showers at the week-end

The

stock vertißeeled at 1,070 bries Valuwe

23.100

24.300

rom

m nec

Mu

Capen interest

11ec

426,300

MI

418,100

Max

11,300

2112,14:

July

1.03

140.100

•

3H

THE AD

A 100

HVV

100

* 100

Der

Mar

Tutal

3,443 200 bales

NEW YORK

+4

Reduced

#

It was round these two con- ring viewpoints

very

Zealand.

that contro- raged throughout New

14

on a

Packed

for

CANADIAN

COTTON

TEXTILES

mills

A

Montreal, Oct. 16. Canadian cotton Exile today reported alight slump 123 activity In September compared with the previous month and with Beptember last year.

Domestic mills opened 29,304,500-pound bales of cotton Last month compared with 32,480 Aurust and 34,263 September 1955, the Col- of Canada tan Institula announced,-United Press.

in In

HONGKONG

STOCK EXCHANGE

Canada Wants To Increase Exports

To Latin America

H

Ottawa, Oct. 16.

Page

WALL STREET BACKS DOWN BIT FURTHER

New York, Oct. 16.

Stock prices backed down a bit further today in light trading, highlighted chiefly by weakness

in selected chemical and metal shares.

Kengweet! Copper

The declines amounting to Kases C. Power & Larist 1.83 in the industrini average, Lockheed Aircraft

In Low Incorp 0.27 in rolls and

0.83

ut fifties were wider than yostor. Le Stag Cement Cu

Larvenalin & Sona,

Canada's trade with Latin America hasy when only the industriels Meat list Cor

shown a remarkable increase in percentage terms, since the outbreak of World War II, but it remains disappointingly small in absolute terms.

Since 1930, Conadion exports, mainly manufactured goods, 10 the 21 Latin American re publics have increased oightfold. 1010. In return, imports from them--~

coffee, potroleum,

curva, bananna, cotton, fibres and sugar -have multiplied twentyfold. last year, the total of these to only mounted

dollars (about nad dollars

Yet,

oxfirts 171,000,000

60.000.000)

320,000.00บ

£170,000,000),

(From Our Correspondant) about

imports 10

(about

Inconsiderable

WORLD RUBBER MARKETS

New York, Oel, 18. The No. Hss rubber future I dosed today 10 points bigho"

with no sales reported.

Dec

13 KE

deened on average but trading

lightened a bit.

Turnober 1,500,000 compared with 1,010,000 terday,

shares

Mission Bevelupenent Montgomery Word Motorola live.

nature

you National Cash Reg. A

Notion Dairy Prod. New York inten Ona Mathieson

15003

tape, 828 Duis Elevators

Out it o tuta 1,136 appearing on were low

higher.

Is the day, 355

Losses in the chemicals

2 point is Allled,

Non-Ferrous Metals

Among non-ferrous

run

sea-likonis Otr

Puraunt Picturve

Parke Davis Co Penn. Salt Cu.

Philip Morris

Pittsburgh Plate Glass

Publicker Industries

Pure Di

Leynol Metal

Shell Oil Co...

inctals, Saint Htest. Paper

International Nickel and Kene-Sorony Mubitoll

Saudi Je to Ries Sugar coll Copper lost nearly 2 pointa Southern Naitotal Gan

Magma

Kolser Buthern Railway (Com.} | Cheb,

23 Aluminium and Smelling nearly a point each.

steels There wa.ength in with

als of 15 points Youngstown Sheet & Tube, t

Lulo, 13 Sharon and 4 it in Bethlehem,

American Steep Hock (Torentoezi

Standard Brandis

in

Royal

Standard On of In

Stament i at NJ. Sterlips Drug Co. Stokely-Van Champ. Stixlconky-Packard Corp

Swift & Co.

Tido Water Ami. Oil Twenty Century Fox Filen United Aircraft

Call - | 17,8. Full "9"

162 oil, Gulf fell nearly

Continental, points Tutch n Sloniare of foniu around a polut.

Motors ved narrowly. New York Stock Exchange Exchange

bond volume was $2,955,000,

Stock

American

y lune wa 640,000 klares.

Dow-Jones losing:

Nov

$3.00

Jan.

32 10

Mar

31 DO

Moy

165

July

Sept

30.65

Nov

300

Standard

Ponirut!

three contracts.

15 points higher

closed 10 with des

Dec

15.75

Mor

31.00

averages

唐揚が

21.35

July

31.05

30 industria

407.07

Sept

30

100,7

Nuv

30 20

15 utilities

60,10

53 stocks

172.30

Steadier terminal market ne-

mainly a tion considered

10 bonds

92,46

re-

Comm. future price index Comm, mot price Index Moody's index

100 20

413.00

Closing Prices

20.00

The tex comrnet eloed 6 lo 15 pobits higher with sales of Those totals are inconsider-2 contrrets.

whole nble in relation to the trade of Latin America, amount- ing to over 7,000,000,000 dollars ex- £2,400,000,000) of ports balanced by roughly a like mount of imports. Nor do they major proportion of Business done on the Hong-form

which Exchange this Canadian trade

Lotals Stock

9,000,000,0BO dollars to appro- roughly morning amounted

(over £3,000,000,000) a year. ximately $650,000. Noon quota,

Trade to promote Missions tions and the morning's transse-

have been undertaken through-I tions;

oul Latin Amerlen by Canada's Cum- Minister of Trade nierce, Mr C, D. Howe.

Government But the

reni improve- cognises that the 1

come ment will only

through con of London cables, plus ment private enterprise in both areas.mited shipment offerings from the Far East as Singapore ob- With this in mind, conferences between Canadian trade officials served a holiday. Intra-dealer

switching of interested in businessmen

held rex contracts at 20 points pro- trade were this southern I recently in Ottawa.

There was general agreement that, provided businessmen be enme stirred by the possibilities of Latin America, exports could be increased in spite of dollar shortages in some countries.

On the political side, a peren-

question has come to mlai

Canada fore: whether

to the

Abores

BANKS

Buyers Nelers

Matek

lik Bank

1840 1030 20

184033

1043

the COIT!**

INSURANCE

Lombard SHIPPING

Wheelinck

3 00

B.00 1000

1.90 200 U 1500 8.03

flemt arouncemes, of Mrs 1.

of enstatement Parker who is the family bread- winter since her deal student Nt 11 qualifying. Young husband Mrs mailed woman employed the stated that the Commission and Inland

Department, the Revenue

A somali

formula the maxumutn agreement

dealing with the Parker મ hier grade CA95 sulary

successfully topending an examination of the year--appealed

relating of general problems The Public Service Board

of women in enorty grad-employment Appest welast u

to a young man Public Service. ing awarded

but "Implementation of the Board £ 400

1 year, Deriving

yourly rises of Appeal's decision an to poal- entitled to receive

ton, salary and maximum will p to a maximum of £735

be frozen' from the date of year

until such resumption

are Reneral negotiations Dleted, it stated, and added: "in the meantime, the Commission will deal in the normal way with recommendation or applica- tien that may be made regarding

DOCKS, ETC. promution for Mrs Parker Mrs

The Commenting on

Prime

K. Wharf meeting Deck Minister's forthcoming

of the Provide with representatives

(0) women's organisations, the con-

pay sub- LAND, ETC. of the equal Vener

pr commitler

the national the executive of the Publle Service Hotel

IIK Land Proteals were made by

Association, Mrs Joyce McBeath, Humphreys the Public Service Association,

New of Wellington, declared: employco organisation of

at Zraland public servants,

Public Service meeting wonen,

Art by Opposition members in Parlament The furore reached

Two and a half months after

the appeal. the Public Service Commission transferred Parker to the Post occupied by Prices of futures closest today man against whom she hud

ruticed and appealed. 20-03fary to the level o£480

Year,

25 foth.us

Mart

Spot

Ma

Max

JA

Del

J

Mat

NEW ORLEANS

34 35.

130-03

34 60-01

Peter of futures closed today.

a tolkwy

Awit

Dee.

Mor

May

July

37-

Ma

33 87-90 33.87-09 *39 Ju

tion

32 (0

2

LIVERPOOL

by

verssfully,

nt

Et

her

BRF

pirated

any

Potential Threat

"The

Association

.

42

1451 1300 431%

13.00 14

100 13.00

15.40 15.00

64 0311 101 19.00

1000 A 151

100001

RUBBER

Amali

155

1.GO 20,000 A 1000 <1

1.55

1 63

UTILITIES.

Star Ferry Yaumall XD

*,00

110

1000 23.08

6. Light (0) 14.00 24.

h

מזמלני

。taf the peak

that equal pay la not 3399-40 will allegations by the Oppos!- upimon

a women's question the essentially Parliament that Pribble Service Commission had and that lower wages for women Mrs are a potential threat to men's Intimidale 11 Ltempted

interests Parker and had veelmised

"Public Service inen 64201 because she

women are working together to

I am dis- Macao E solve this problem.

Tel. 101 that no representa- Frét. (Ni Finally, a joint annuincement appointed i was made by the Publie Service tives of the trade unions with a

the Association and

Public large women's membership have

been invited to take part in the INDUSTRIALS that Mra

in discussions."

China Mail Parker had been reinstated

her Special. LIL furmer position her former salary of £6953, the pre- also of 2005 vious maximuin

Future clings, in pence per j

lb. were as follows

Old contract

Oct/Nov

Dec/Jan.

Mar/Apr

May/June

July/Aug.

New contract Qe)/Nov

Des./Jan

45 47

23 24

210

23 20-22 Service Commission

2400

2007

24.60

240

Mǝr./Ap:

May/June

23 20

July/Aug

25 10

Egyptian Karnak Nov./Der

១០ យ

to apply.

SAO PAULO

Mrs Parker's appeal was

S

a test car con- the nature of cerning classification and senior- men and wonen in cruzeirosity between

the basic grades of the Public Service,

Future closings, in per kilo were as flows:

Breenber

March

May

July

October

30.10

30.00

38.50

38.76

33.80

Saler

In the US the averages spot prico

33.10 crnls. ང་hu

bales-United totalled 00,039 Prc:39,

New York Sugar Market

Male Cadets

your,

about

40

Anglo-Japanese Trade Talks For 1957

con.

Cancit

Stops

STORES, ETC. Dairy XD Wation

COTTONS

Textile

Corp. Nanyum

London, Oct. 16. The Anglo-Japanese Early this

trado and payments women issued notices of appeal ference,

Service Com- Public mission against new appoint- talks on arrangements for Year's forthcoming Public Service the 41 the

trade.

to the

menta notified in the classification st Issued last December,

3350 ## 24.90 431.75

471 31.75

and

the

should

Join the Organisation of Ameri

January-March

trade feature. vided one

con- Switching of March-May tracts also were indicated.

Factory buying interest con- tinued slow and limited to All- a needs. Spec No. 1 Res was queted nominally 32 conts,

LONDON

The market was steady with

Can States, formerly known as spot quoted of 27 3/10 pence

the Pan American Union.

Friendly Terms

lu discussion of the External estimates Affairs Department's

Mr Lester before Parliament.

referred to the matter Pearson in guarded but friendly terms. Probably, at the moment, a tle- cisive argument against joining 1500 31.75 is the shortage of personnel in

the External Affairs

* *

50031 73

50032

24.10ment. Foreign service

1920

24.00

200 25

23.00

140

210 24

343

23.90

3811

40

13.30

10.30 1831

7.00 1000 7.45

Singapore

today started Stock

Depart-

oflivers

are already overworked trying to attend all the conferences to which

Canada is committed.

Ching Mall Special.

Pricos per ..

Alden Inc. ASY Allied Chemicals Allied Mule Inc. American Airline Amer, & Forgn. Power Am. Mach. & Pary American Metal American Smelting Am. Sugar Bel. Amarkan Tel. & Tel. American Tou. "B" Anaconda Copper Armco Steel

205 Lie C

US. Rubberg US Smelting US Med.. Warner Bros. Westgh Woolworth

Elvetile

Uulled 1-ros

London Stocks

Move Higher

London, Oct. 16.

Stocks moved irregularly 100% higher in active dealings on the London Exchange today.

73

Armour

1835

Allas Cons. Mining

Baldwin-Lima-Hom.

131

Bendix Aviation Corp.

Fat

Benguet Cona.

Bethlehem Steel

168

Boeing Airplane

Na. Bas spul

27:1-271

Camo (21) Co.

13

Settlement house terth

Cat Tractor

DON

Nov.

2714-271

Celanova Corp.

1476

Doc.

27

Jan/Mur

Chrysler Malon Climax Molybdenum

Apr/June

July/Sept.

27-271 20-20%

Ganerni inarkein. clf basis, ports:

Oct.....

207-27

Nov.

Dr.

2014-2716

2014-27

Estale crepe thin dot.

thick Oct. AMSTERDAM

342

The market was steady. Prices closed today in guider por Kilogram, ut November as fol- Iowa:

No, rubber rubber No.

No. 3 rubber

CHICAGO GRAIN Ne

MARKET

Chicago, Oct. 10.

futures were

en the Beard of

Prices in grain

Trade today.

steady to firm

the

After an irregular opening.

to advanced the market day's highs for most contracta

were houses Commission buyers of wheat on

Marketi

nows

nid to Yugnislavia Among by the United States. other commodities, wheat, lard und edible oils are expected to be included in such old, with for the a grant of $1,000,000 purchase of US wheat flour.

The uplum In wheat wor the responsible mainly

trend in other grain higher futures. $2.00

Some buying in soybeans was caused on reports of an anti- of US cipated large purchase soybean ell by Spain. Expor

said, however, that demand Стя

as slow. Was

Singapore, Oct. 17,

quoted Brokers today

of Following the notification

It is understood that the past following stock prices:

occupied their appeals, the Public Ser- fortnight have been vice Commission informed the mainly with collating Japanese Batu Lintang Rubber Co, Ltd. 41.78 women who had appealed and British statistics for. New York, Oct. 10.

against male cadets, that should past year's trade and payments consolidated World No 4 sugar futures te-

they carry on with their appeals operation. day closed 1 point higher to 1

could not expect to they

be point lower with sales of one

in botter positions than placed contract.

people against whom they Domestic No 6 sugar futures had appealed.

to 2 8 points higher closed

The president of the Public points lower with soles of 100 Service Association, Mc J. T. Just anished its work and au Laine Rubber Estates Lid...

claimed at i

was thoottative gources auid

the

Ferguson,

her

ing Corgi,*****

for

the

Opening

started, the

into

Borneu Petroleum Syndicate JAN Smelters Tin

Fraser & Neave Ltd. Ord. first When it

Fraser & Heave Ltd. 74%

cum pref. ................. conference divided

Gemmons Malaya) Limited.. committees to deal separately Hongkong & Shanghai Dank with trade and payments,

The payments committee has Hongkong Tin Lid,

the Britis

B4/-

27/Dd

two

84.00 $1.97

8005

$1.00

0.03

$1.07

ground" and Petaling i Lid. on with negotiations for a new Rames Hotel re trade and payments agreement. Bingapore Cold Storage ...

Lad. Board of Trade sources said Borth Brition Insurance Co.

conts; soybeanu up

$1,00

When closed up 1 tú 1%

to

1

15,40

cont...

$2.50

Wheal, No. 2, red

$1,00.

'Spot

Dec. 279% (H) 297!1⁄2 4

$33,50

Mar.

$5.80

May.

$15.50

com-

United Engineers Ord. Warne Brow

axdiv: pedal.

10.10

Con, No. 2, yellow

cindyChina Mail

conference

| Kompas "Lida Pan

tha Mayon Browarien ajaran was expected now to New Berendah Rubber

contracts.

Short covering in the nearby because Mrs Parker won November Ufied December de-appeal that her salary was cut "break now livery to a new seasonal high from £693 to £480 a year and Trading in November will and she was removed from a ro

sponsible job and given Junior

on Friday.

In world raws, Holland was dulles, to described the action it was expected that the talks Buraks Trading

Com-would go on for a very long Burgos az iga the accredited buyer of a cirgo of the Public Service

Lime,"

of Dominion sugar, November shipment at 3.38 centa a pound, Lob. Futures.

·Contract No. 4 (world)

March

KAY.

July

Spot (centa per

Cutro)

3.24

Contract No. 6.

Nov

11.86

Маг

0.49

per ib. elf.

mission as "Int

There was no officiat

"Intimidation." The Chairman of the Public Service Commission, Mr G. T. Bolt, claimed that his organisa- ment but it is understood that on had not cut Mrs Parker's the main tanke would be a de- talled examination of Japan's salary.

He inid that the Public Ser.Sterling payments-United Press.

vice. Association had always maintained that

where an op-

the

successful Exchange Rates

pool succeed be placed appollant

the past occupied by the per-

be

son against whom he or had appealed. This, he claimed, www what had happened In the

Parker one, which he described

thinly veiled attempt

as

Introduce jecjuši pay by:

MustŃono-rwis dete home exch

morning 1: the fol 1.8, delar (par staffingimused Xpe Australia

Blame (per. Singapore (Wienita),

CHICAGO LARD

FUTURES

Chiesen, Ost. 18,

No. 1,

the local

of Land Gullares a closed day-in conta per ib, as follows:

200)

2.01 buyers

2.62 buyer 147 buyers 1.45 nom. United Press,

London Foreign Exchange

Landon, Oct. 16. Closing rates were;

New York

Montreal

Amsterdam

Brussela

2.784-2.23-11/10 2.71-5/10-2.71-7/10 10.01-10.4125

139.7215-130.7719 19.34-10.3435

1754-178414 19.00-20.003%

DJ314+90346 14.4721-314734

Copenhagen Milan Oslo Paris Slockhalin Zurich Dlhers were unchanged

New York exchange rates unnvaliable, - United

wero Preis.

1223-4-17.23%

LONDON METAL

PRICES

London, Oct. 10. Pricer of metals closed today sterling рег long ton as follows

Tia pot

buyers sellers

пол

1907

783

279

280

Jan.

.1152/

J-month

Copper pot

Залихи

Leni 2nd half

Zino 2nd half Oct.

Jan.

United' Press.

NEW YORK METAL FUTURES

Now York, Oct. 10, Prices of metal futures closed as follows (in certa per lb.):

Load

Tin

zind

Colgate-Palmolive Co. Commercial Credit

Commonwealth Elec.

Consolidatod Eduon Старе Ср.

Mille East worries acted to estrain any uniform advance, but most sections closed with a sprinkling of solid gains

Short covering helped selected inchustrials manage fractional

Rolls- advances. Courtaulds,

Royce and Vickers were upaldo features. But Bowater and Great Univermi Stores gave up almost

shilling.

Olls were uncertain,

4014

401

4812

어

Cuban Amer. Sugar

10

but closed about

68

Crown Zellorbach

Diamond Alkali

Dow Chemica de

Eastman Kodak

Erla Hallrond

Family Finance Corp. Ford Motor General Electric

General Foods General Motors Gen. Pub. Utl. Getty Oll

Gildden Co.... Goodrich (B. F.) Co. Goodyear Tire

lloyden Chemical Romatako Minna Co. Ingersoll-Rand

Inland Steel Co.

Int' Bulness Machines Int Harvester International Nickel International Paper Int'l Tot & Tel Juhn-Manville Co.

A NEW

Royal

Dich was up 21% of one point,

£44 lower.

Smail lossta predominated among

784 other leading oils.

2012

British Governmenta wero and managed a few gains ning to £ and more. Dollar stocks hesitated and

with A

of Tumber

onc.- opproaching

47% finished

declines United Press,

NAMESAKES

Answers1 Cape, 2 Cabinet,

3 Scholar, 4 Africa. 5 Imperiol. 0 Pioneer, 7 Rhodesin, 8 Govern 9 Oxford, 10 Empire, 11 British.

Ceell Rhodes.

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