THE CHINA MAIL, THURSDAY, OCTOBER 25, 1956,
TRADE and
Tin Production In Advance Of
Consumption
ROYAL DUTCH INDECISION
The
Amsterdam. Oct, 24.
autai meeting of Royal Dalch sharchoidera today was unable to take decision on the pro- any
share spilt because
quorum of
powed
the arcemary
shareholders representing
three
quartern
placed
capital WAS
of the nut
present.
at
ppeal
The
decision on the pro- will now be takes
Today
СТСП
gaarom
10
next meeting on
November
20.
добсягу
nos
tho should present, it was shnounerd,
Today's meeting was at
Laided by 206
holders
over
representing
107 milion ruilders nominal value of the com-
total captini
1.217 millton Mall
pany's
about
Fullders. - China
Sprcial,
Election Govern
of
BUT SURPLUSES
MAY GIVE PLACE
TO BIG DEFICITS
London, Oct. 24.
financial
annual
HONGKONG
STOCK EXCHANGE
(From Our Correspondent?
Busincas done on, the Hong- kong Stock Exchange this morn- ing emeanted to approximately $150,000. Nam quotations and the morning's transactions:
Buyers Reilers Sharea
BANKS
10:00 1040
and
HK Mank
The Times' commercial review, issued here, comments on the prospects for tin and rubber in a INSURANCES section on materials.
the balance Speaking of demands unit supplies for tin
when "Ever since 1948, BayTM* the rehabilitation of the mines
Belez
104 1030
1000
20 4 1000 10041
2244
WORLD RUBBER MARKETS
New York, Oct. 24. The No. 1 Rasi rubber futures contract closed today 70 points
with higher
of eight contracts.
33.30-45 December
The rex contract closed 38 to 80 points higher with sales of 190 contracts. November January March Miny July September November
39.30
32.45
31.38
31.10
30.00
Itenowed threat of a nation- wide dock workers strike, plus political uncertaintles foreign
and London's follow-through to our advance injected some new the Interest into 710 4000 703 speculative
terminal market,
drew additiormal en-
Unkn
Lumbard
1935
United
States
SHIPPING Whocioc
| purchaser
rather look care of
of the surplus 11.ore tha 19,000 tons arising from world
X A nocKS, ETC. K. Wharf
1
05 DO
20 93
Provident (0)
in the Fur East had been cum-output of 180,000 tems and an
haa offtake of 149,000 tons plel, production of tin been well in
con- Ext sumption.
"During the past eight years,| indred, the depression of the market has been averted solely by the absorption of the run plus.
United S Carpay the Government.
Uncertainties
Wall Street
New York, Oct, 24.
Stocks lost ground today on slightly increased turnover but there was little drive to the selling
First Genuine Reaction
"In 1955 the
Dock
LAND, ETC. NK Hotel.. JK Lend flumphrey
BURBER
A har Experienced it gemite Faction to: soine Consumpt yours.
15 beginning la rise much faster
Elerile the early than In
years after
Macao E. 11.
12el current War
14 (0) Tel The
(N) ht cal hear year 1956 the us of production aver consumption
shrink to no will
estimates
are
8.500 tons.
"If present
14
18.10 18:20 6315 8433 10.70
Buyer's
100 a 13,00 Couragement from the continued small and high-priced shipment
1,03 1073 13,000 @ 103
20 10
Amalg Trust
UTBUITIES
23 40
30 2315
pro inction
Arxi
Star Yessy. Younts
143
107
100
C. Light (01
23 23 10
200.. 10
ten “ንሃ
100
10
Light (NI
24 24.20
1024
500 24.10
100
24
312
212
23 25 10
300
24 34.20
110 or 24
500 24 10
190
24
INDUSTRIAL
Th
m
30 30,
300 1400 14 PRAD
301
Пере
STORES, ETC. Dairy
13.20
13.10 15.30
COTTONS
give
Allicú
Textile
4.25 Corp. INVESTMENTS
.... 4.3734
4.33
in
more
trends continue. therefore, the fusent series of yearly surpluses place to defeits.
should
"Although it a for too 1000 Judge whether these
and the market still seemed governed largely by estimates are justified, there can CHICAGO GRAIN election uncertainties.
the leaders Beveral
among stocks used in the averages lost a point or more to pull down the industrials 2.38 on the day but for the most part apocia! issuts moving
Baldwin-Lima-itun Bature & Ohio Helix Aviation Corp. Benguet Cons
Es thichem Bleel
Boeing Airplane
Borden The Co
line wi hurroughs Add Machine dustrial developments provide Canadian Pacific H
Case (J. 1) Co Cat Tractar ed the chief market interest,
Turnover of 1,640,000 shares
with 1,390,000 yen compared terday.
Copper stocks were hard bl on further price reductions for
the
here and metal
Kennecott fell 4. 2. Anaconda 11⁄2-
abroad.
be no doubt that the productive ༣༠L]L capneity of the idustry
the to be expanded in havo 1314 51 foreseeable future and that the D73K 11
scheme will need to managed with great wisdom if 63% periortical dislocation of the tin market is to be avoided.““
100
401
be
Of rubber, The Times' review
In the The densi
pro- inally ばれ
12AM
Hanid:
Celanese Comp
14,
CIT Financial Cor
11
duction of
cars har
Chase Mardhatian Bank Chiyeler Motora
ascetuulre!
the
743
Climax Molybdenum
60
prices in 1953-50
47
Colgate-Paimolive Co. Commercial Credit
Commonwealth Elec Consolidated Edimin
Continental O of Del
Maghia Crane Cu
Crown Zellerbach Cuban Amer Sugar Diamond Alkali
Pow ChemİLGİS
ค
Cooper Bossemer on the other
Than hand picked up more point on its goot dividend and enrings news and Joy Manu- than 2 facturing
моте rose points on a $1 extra dividend.
Steels Lose
the
Among
Cading steels, whose Bethlehem,
directors meet tomorrow, fell more than a point and "Youngstown Sheet & Tube lost nearly 2 points, US Steel-its directors meeting scheduled for next work-- declined fractionally.
Ford, sharply lower ing for the
with its report of rates and earn- first aix months,
iell nearly 2 points.
In
T060 2
2
oils, Continental points, Socony Mobil nearly point
whic Jersey Standard as the most ac- holding unchanged
took honours
nive issue,
on the day.
US Steel followed Jersey
the actives and American Tele- phone was third. The last fell
1 points to $187.
Of 1,128 issues appearing on the tape today 570 were lower, only 291 higher.
New York Stock Exchange bond volume was $3,400,000.
Stock American
Exchange volume was 720,000 shares.
Dupont de Nemours
Batman Kodak
El Pow National Com
Eric Hond
Ford Aluler General Eleri
Cenetal Fo
General Motors
Pub
***
But already carly In the late summer and 461% autumn of 1955 the boom had seriously-weakened the competi- Uve position of the plantation product and had paved the way for ita rectasion.
301
115
45
34
431
1712
GO14
73
19 World Consumption
21
Increased
50%
Gu!
45%
40%
Cien
Ell
Celty Oil
*
idden Co
Conch 18 FICO
Goodyear Tire
14
a
Hodake Mining
03
60
Hoyden Chemical
Ingersoll-Itand
Inland Boel Cu
Interchemical Corp.
Fru Banners Machines
Int'l Harvester
International Nickel
International Paper
1 Tel & Tel Jahn-Manville
Co
Kangas C. Power & 1JgNS
Loews Incorp,
Lone Star Cement Co. Loutaville Nashville R. Lowenstein
Bons.
Mesabi Iron Corp
Minnesota Mining
con-
whent
MARKET
Chicago, Oct. 24.
Grain futures were steady to firm on the Board of Trade today. July and September showed independent [rmness with other deliveries at about the stendy mark. Some buying followed mid-session re- ports of continued dry weather and high winds over the south- west wheat belt.
Soybeans moved higher mid-day due to an advance edible oil prices.
offeringa
A150,
SECTION
| SUGAR CEILING RAISED IN US
Washington, Oct, 24.
*
The 'Agriculture Depart ment today raised the cell- ing on 1956 US sugar marketings lo record 8,725,000 toma.
The balk of the extra 50,000 tane will be adsjed to the Cuban queia, Smaller amounts will acotue to the quoins of Puerto Rico and the full duty countries,
The Government acted after A
sight continuing
the supply situation Ew Coast had driven the price to 6.35 cents a pound cartler for Filipino loday,——United Press.
rawa
Оп
WORLD COTTON MARKETS
New York, Oct. 24. Narrowly irregular price
SAHARA RICH IN MINERALS
Paris, Oct. 24. -
The Sahara is expected to be one of the richest French overseas territories for mining resources in the near future, according to statistics.released by the French Government's Planning Office, here.
In
On-the In a review of the progress
other hand, the made in the past few years for Salah gas deposit is reported to in that of Lacq the industrialisation of French be as big us
arri tho overseas territories and North Southwestern France
on D Africa, the Planing Office wald Enjele oilfield to be that the French Government similar reale to the Middle East intends to assign nome 300,000 felds. million
and france to equip
Big projects modernise these terrories in study for the the next ten years.
b) Alzerin, and phosphates The review said the Sahara in Senegal (French Africa)
are also under improvement of
offers the best prospects for 100,000 lors are expected to be mining
resources. In about poduced per year, when opera- four years time 4,000,000 tons tions are fully under way In of iron ore a year will be
The Cameroons are expected
duced by Fort Gouraud ! about four years' time.
Akjoujt will produce between to produce about 45,000 tons of
result of 20,000 tons of aluminium as a 15,000 and
Eden of extension of the copper, and 1,500,000 tons
Alumina wil first come iron ore,
France then from Guinen,
Iron Ore Reserves
The Tindouf mines have reserves of iron ore evaluates
the Fur East. changes accompanied from
medium-low trade today in cotton some small to factories were accredited futures. sized
Closing prices ruled up 1 10 buyers of fair amounts in the delivered market, although most oft 4 points. Opening prices
factories remained of the big
were up 2 lo off 1 point. New at 2,000 million tons.
closed hesitant about adding to Inven- Orleans
up 2 to off ! Ascalpoint. torics with end of their
year just ahead.
Shipper covering against Spot No. 1 Rm was quoted export commitments to Europe, nominally at 32 cents,
SINGAPORE
The market steadied towards the close on trade support today. Earlier in the rooming it sagged
lightly.
Future closings were:
No. 1 rubber per b.
Nov.
Nec.
Jan.
No. 2 rubber por th. Nov. No. I rubber per b. Nov. No. 4 rubber per is. Nov. Spot rubber baked.. Blanket érezze
No. 1 pale crepe
023-0316 02-12 unquoted
2
ccr
00-0014
8% +BÖ??
90-134
75-77 114-116
LONDON The market was steady with spot quoted at 27 pence per lb,
LONDON MARKET MIXED
London, Oct, 24. Mixed conditions prevailed in
121
Assembly Plants
the Dam. from
groups
Two hydro-electric Que on the Konkoure River In Guinea and the other on the Kouilou River in the Middle
and
of Congo,
Production aluminium in these
1erritories is expected to reach 300,000 term, In Algerin. Atudies are being made for formation of car and Plans lorry
assembly planta.
are also being made for the establishment of ier liver and pneumatic planta as well as an Mail oil rofinery-China special.
NAMESAKES
Answers-1 Naples, 2 Clutch,
and a routine deinand (ion: textile mills, balanced off a re- duced volume of hedge seling and liquidation.
remained dormant Speculative new incentives statistically and in the Loreign developmen's political situation.
Anticipation of heavy produ-markets today, due partly to the Fastern visible entries
les under the inan pro- confusion
to be announced after Europe, and partly to the pro- gramme,
the the close, and
expanding longed Suez crisis.
confined Activity was largely rate of exports, were support-
industrial to the lesser-known Ing influences.
shares with the leaders un- Conversely, buyers were wary in face of the possibility of in-changed or down perhaps three d Racing. 7 Brake, 6 Engine.
pence. Associated Electrical creased hedgo selling, and
Industries fell a shilling and belief that effect of soli bank
Courtaulds six ponce. Imperial and loan programme operations
Rolls-Royce Chemicals,
and may have been discounted for Unilever appeared repeatedly on the tape but closed virtually un- charged
In ells the danand was con- centrated upon. British Petroleum in hopeful anticipation of its dividend tomorrow and
the shares Improved la 0d to 1478. Royal Dutch was idle and cased
the time being.
П
201-276
Estimates on probable Unite 24-37% States exports of raw cotton this 214-27 senson range
up to 6,000,000 27-273.
with compared
cnly 2346-282; balex
in the previous 2,200,000 bales General markets, cif bas, portag
Prices:
No, a spot Betüleent house terms: Dec.
Jony/Mar.
Apr/June
Oct/Dec.
Nov. Dec Jets.
Estate crepe thin
Nov
Chick
AMSTERDAM
The certificated stock remained sterling. Suez Canal rose
2014-2741 261-27
reason.
261-271%
341
at 2,098 beler.
341
Alonth
Volume Open interest
Dec
23,000
403,400
Mar.
24,000
$13,200
14,500
226,400
Juby per pet.
$300 165.000
13.000 115,200
as tree.
4,300 68,900
The market was steady. Prices May
uilders closed today in
cil icilogram.
November
follows:
at
No. 1 rubber
in
No. 2 rubber
No, 3 rubber
US exporters toxidy reported small sales of wheat, and said to West Germany is expected buy quantities of US hard wheat next week. Japan and the United Kingdom were buyers of fair sized amounts of Canadian wheat and barley.
Wheat closed
up to 1 cents; soybeans off % to 2%
"It is true that workel sumption of natural rubber at 21,830,000 tons had increased by 67,500 tons in 1955 to establish
record.
But almul- cents. new
consumption of taneously, the synthetic rubber had risen by 4841 not less than 317,500 tors,
| No. I crepe
2.03 paid
2.63 pald 1.85 buyers 3.34 buyers United Press.
New York Sugar Market
New York, Oct. 24.
futures World No 4 sugar
3 closed today unchanged to points higher with sales of 131 contracts.
Mar.
Total
3,400 1200
94,300 1,490,500 balea
NEW YORK
another 1% sterling to 823%.
British
were Governments quiet but most of them improved 1/18.-United Prats.
Singapore
Prices of futures closed today Stock Market
as follows:
Spot December March May
July
31.400
33.00
33,04-30
33.42
32.00
December
March
32.73
NEW OREANS
October
Singapore, Oct. 25.
Brokers today quoted the following stock prices:
Batu Lintong Rubber Co.
Lid
Opening 81.85
Brah Borneo
Syndicate
Consolidated
Ord
Petroleum
Tin Emelieza
55/-
Prices of futures closed today Fraser &e Neave Lid, Ord...
Fraser & Neave Big cum.
Futures closings, In pence per Bouth Britids Insurance Co.
as follows:
Wheat, No. 2, red
Spol
230
to
Dec, 233%(41) ZR{L}
34
murpose for
the first time
Mar
the
May
101
THY
31
figure of one million tons by a comfortable margin.
July
Bept.
47524
Corn, No. 2, yellow
401
This striking difference
In
Kennecult Copper
124
the
Tate of
Liggett Meyers Tob. Co
Lockheed Aircrafí
growth of sumption of the two types of rubber did not merely reflect the difference
con-
Spot Dee
Mar
Domestic No & sugar futures
Spot closed today i to 2 points higher December with sales of 313 contracts.
the sharp May Strength reflected spot market rise, which in turn pointed up the renowed threats December of a nationwide dock workers strike on November 1.
prof...
37.33
$4.00 Gammone (Malaya) Limited $2.15 Honakone
Shanghai
33.88
Banking Corp.
March
33,13
Honkong Tin Lid
24,00
Kempas LAJ.
SCO
$3.02
July
43 42
Lunes Rubber
Estates
0.90
October
March
Malayan Brewerina
37.72
New Serandah Rubber Co.
Ltd.
81.30
Petaling Tin Ltd.
13.42
LIVERPOOL
Raffles Hotel
$2.50
May
July
1403%
in
immediate
Sept.
avalpbilities,
The increase of 50,000 tons in the US augar quota, announced and overnight was inticipated hud litle apparent market in- fluence.
Sinenpore Cold Storage
$1.60
Lid
$33,50
lb, were as follows
Old contract
Strelik Tracting
*18.00
Reamship
$18.50
Oct/Nov.
25.43
United Engineers Ord,
£8.12
Dec/Jan,
20-27
Dec
40
14% aa
J7
the
by af much White 02,500 tons. in the excess 100% synthetic had been limited to
To 27.:00 tons, unfortunately 151 looks as if the synthetic product 43% will again make stronger head- way than the natural product 4016
In 1950.
"World production of natural rubber In 1955 had exceeded consumption
Mar
2571 10110
Mar/Apr.
23.03
Wearne Bros
$3,20
axall, † odch-China Hai Special,
Contract No. 4 (World)
May/June
July/Aug.
21.98 24.63
Oxta
Mer.
New contract
Oct/Nov.
May
Dec.
797-20
Dec/Jan.
July
Mar,
8152
2.35-30
Mar/Apr.
Bept
casc DI
Soybeans. No. 2, yellow
Spot-icentr per fb, fob Cuba 3.24
May/June
· July/Aug.
it
Spot
2381
Contract No.
Nov.
+243
6.57
Jan.
5.00
Mary
Mar.
May
5.87
July
Nov.
Barley,
Spot-cents per ib.. kii Ny
Det.
Spo
120 145
United Press.
July
$13.400
United Pra
NEW YORK METAL
FUTURES..
OcL
Minton Developnient Monannto Chemical Co. Montgomery Ward
Motorola Inc.
National Cash Reg.
National Dairy Prod. National Lead National Steel Corp. New York Central Olin Mathieson Otis Elevators
Owen-linols Glam Prolic Gas & Eloe.
Fan American Airways Paramount Pictures Der Davis Co. Permy J. C. Co Penn. Belt, Co. Phiup Mor Procter & Gamble Co. Pittsburgh Plate Olam Publicker Industries Pure Oil
Badio Corporation
Dew-Jones closing averages | Repubila Steel
*dre:
30 Industriale ...*********
20 .***
19 utilition
85 stocka
40 bond
Commi, future price indexe
Corim, pol přice Index
MJody's indest
Closing Prices
Alden' Is Acy.
Allied Chemicals
Alll: Chalmers
American Airline Tu
American Cable & Radio Corp.
· American · Cyanamide Co.
Amer, à Toign power
Am. Mercta, de
American Metal
American Royalti
Amerio THE
Armour Allite Consum
482.
Reynolds Meinl
Shell Oll Co. Bain Reg. Paper
10044 air Oil...
56 Roceny Mobil Out-
171 01 Bouth Puerto Rico Bugar 92.00 Southern National Gra
102.43 1044
Bouthern Railway (Com.) Steng Rock (rocontoex.)
41 Blandard Brands
Standard Oil of Cal.
Standard Oil of Ind.
Standard Ou of NJ,
| Sterling Drig, Co.
Rtudebaker Packard Carp. Swift, & Co.
Texas Co.
18% Tide Water, Assn.
Twenty Century Fox Fum
Union Carbide ........
Untors Pacifin Railway
7014
Foll
19, 118. Gypium
EB, Lane Co.
- 63% | US-Imelting
"si" Wamer, Ersa
2594 Martinghouse Electric
Wast Vaj Pulp de Paper," Woolwort
Natural Rubber Depression?
thu
* Tho danger is that market for natural rubber may well bo headed for a long phase of depression unless prices can be held low enough and stable afford tiser's in ['cnough to
long-term opportunity for planning"China Mall Special.
London Foreign Exchange
ssUnited, Prem. 25-une
Lond
Oct. 24.
New York flour
200 lb. sack
WINNIPEG GRAIN PRICES
Winnipeg, Oct. 24. Prices of grain futures closed in cents per bushel today es follows:
Onta
May July
ex-duty}
3.07
Zgyptian Karnak Nov./Dec.
- END PAULD
23.07
Prices of futures closed today as follows:
37.06
38.90
In the US the average spot Sales price was 33.17 cents. fotalled 71,203 bales.
KARACHI
New York, Oct. 24. Prices of metal futures closed today in cents per lb, as follower
The market today was under 15.100 Lead Oct
15.10b pressuO
on arrivals of fresh 2005 Vecka, but decliries were re- sisted and met with good local demand. Priece closed in rupees
104750
Nov.
Oct.
Nov.
Zinc
Oct.
Nov.
13.30
Copper Oct.
·Nov
310b Per maund, as follows: anunited Pres.-
Punjab roller kin
13834
Dea.
LONDON
July
| Harley-
METAL
PRICES
London, Oct,
of Kabiala closed today in sterling Der, long ton as follow
fast Bind roller gån
07 Punjau ruller in
saw th
70/2
00/7
PHIS,
Exchange Rates
was done in the local
at the following:raips
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