THE CHINA MAIL, TUESDAY, NOVEMBER 13, 1956..
TRADE and
COMMERCE
More Oil Restrictions
WORLD RUBBER
MARKETS
Singapore, Nov
The rubber market closest day in cats (Strolls cents) p h. Tob, Singapoor, a follows
No 1 rubber
11
untable 1901-1022
Nov.
Dec
Jan
101-709
No. 7
Nov
Ni
rubber
rubber Sing
per
24-2
Now
Na 4 Cullen
Nov
H
tr
%%-las 111
Blanket etepe
No 1 pale riepe
122-124
Spat ber andthaler)
The market will.
day on politien! 1wned N... short
vering There wi falz enuity for lower ge
LONDON
*The
Spit
market wIEN quinted
111
nt 38.
Pri
1R
Selifenom hote trin
+
Jan Mur
Api. Je
Jahs/Sept
דייב
-K)
OILS DROP
SHARPLY
IN LONDON
London, Nov. 12.
A sharp drop in oils featured An otherwise listless stock market today.
tush i get out
Possible
In Britain
From RONALD BOXALL
London, Nov. 12.
The British Government's decision to set and dealer impose a 10 per cent cut in the supplies of sharply, petroleum products for all except the Petrom most essential uses was regarded last weekend as a precursor of more stringent restrictions to come.
WHs
Their wo Eat at tha
kayl prsees doWI Hovid Batch of the close
+1 14: 11 JOAIL
Sallong s nd Formsh stillings dot Sled down towar
+1.
Suz
༣༥ Grapped
LITTLE INTEREST
Pira was Bttle interest i Hutish Government bøtuds with Tal, ing lowe War mah
Whatever İnte zz the priority; and ships which would politien ur military fronts indi mally take on oll in Britain
or being asked 19 How seems patrol rationing will
pick up be in here at a month or two. | supplies whenever possible from The situacion regarding sources that are not affected by the suppites to Bet at and the rest; the cut in supplies from of Westen Hurope is far more Middle East. seplans them t was a week ago.
Even on the $10 favourable
13 Tollway Natunalisabon | umption the Suez Canal will
Four best
Leading Indur-terals
weit <<
str:4
1 F
blok
1
Freight Rate Record
London, Nov. 12. The highest freight rate ever pald in the United Kingdom oil tanker freight market was paid inday for an urgent order to ship crude oil from the Carib>- bean to Finland,
A rate of scale plus 400 per cent was paid,
Demand on the oil tanker market continued good to- day for Persian Gulf and Caribbean oil shipments to. the United Kingdom and Continent with scale plus 325 and scale plus 285 per cent paid, respectively. China Mail Special,
HONGKONG STOCK EXCHANGE
(From Our Correspondent) While
depuri- government menta concerned are arranging
Business done on the Hong- for alternate supplies and pre-
Stock kong
Exchange thus a dozen or
Bring rationing system
morning amounted 10 1, and ነገ Chips
Junken users in Uls
country
proximately $160,000. is studying the prob-quotations and the - brkige
Estimates Treasury are cleared
it will lem in terms of its length tu
of diner
01 transnetions: take to do thla tunge from
sterling. : ་ weeks les six months,
299 *y (20%* j *ul>ncro shirts dropped as men
as a thilling on the latest afisea
General market vil bar, prote
of the health assets itina du ny
Nov thee
3
Jal
30-30 20-30
VENDO Tin De
AMSTERDAM
W
Hungarian bonds Balade German her t
Ji
Sabotage
SECTION
Page
WALL STREET | Anglo-Australian
HIGHER BUT
LESS ACTIVE
New York, Nov 12.
Aircraft stocks, steels, and oils paced a higher but less active market today.
Gains in these leading groups ranged well over 2 points.
Industrials generally averaged Revealds Metal
rails 0.67 Royal Dutch 1.70 points
higher, higher and utilities 0.00 lower, the last refeeting largely the decline of 1a polita In Peoples
Gar
Volume for the Veterans Day
observed 6x+İCU-Once holiday in Wall Street-slipped to 1,000,000 abares from the least 1,899,000 on Friday.
nice Oct. 25.
Shell OU Co. saint Reg. Paper Sinclair Ou
Bocony Mobilo
Bouth Puerto Illeo Bazar Houthem National Gas
| Bouthern Railway (Com.a Sleep Hock (Torontorx 1
47
10115
Trade Pact Signed
London, Nov. 12. Britain and Australia hava signed a new five- year trade pact, Board of Peter President Trade Thorneycroft told the House of Commons today.
Both governments will review the agreement's operation and future before the end of the Britain is to keep five years.
on ROVSTAL tarif preferences agricultural products and to continue the duty-free entry by Australian goods.
Australia is to continue tarift preferences for all British goods
having them, subject to the right to reduce the levels to the new guaranteed minimum margins of 7 per cent capital goods and 10 per cent on most other items.
30
435
2014
Sinndard Brands
4011
LEN
0
Standard Oil of Cal,
403%
Standard Oil of Ind
now
Standard Olí of NJ.
4414
Blerting Dng Co
Stokely-Van "Camp.
A012 104
Studebaker-Packard Corp Swift & Co.
Texas Co.
37
Tide Water Amn
Oul
4044
Twenty Century Fox Firs
34
Union Carbido.
1132%
Union Pacte Hallway
so
United Aircraft
00
when
US. Foll "3"
9015
st
401
U. & Line Co
32
Issues
US Belting U.S. Strel
Aircrafis were the must heavily traded. Glenn Martin, most active of the day, lost Th
Wright, point but Curtiss
11 Dynamles 2%. General issued, up 1% -
Out of s total 1,055 appearing on the tape: 514 were Noun higher and 304 lower. inornings!
for The
effect
1
The severity of this wil de- (pend upon a "number of factors not the least of which is the time that
It
for will take Inorint supplies to be resumed.
Shares
Buyers Sellers
Bales
BANKS
NK Bank East Asta
INSURANCES
2424
Brited
24
Kaku
1. Ramas and Telpoli
41.
arrangements iting American oil to 3801- Mediterran tain that were made when
the SALLE hove been thient to the Suez Canal Best
Saudi alge d afer!
Samen | app RÚVA with the Egyptian Arabian
Guerrument has for-
muflonußsution MOVE. Actual French dollar eredits to Europe use British to take on o at Sldun,
any case considered unlikely, of Actian American Oli Com-
Viton XD
SHIPPING Wheelock
970
€3.00
6:30
K. What
DOCKS, ETT Dock
44
400 de 4315 11743 1000 44
Prov
13.00
|
The market Wan steady as 22 3. panese testes „des an a Prices closed today in guldersloway Find pest per kilogram, enf Decernbes follows:
No. 1 rubber
To manke malers weese in the Another (at present) nknown
work three pumping, factor is whether the
So thre Drag PetroStates will implement the
thebu to m
Na 2 rubber
Nu 2 rubber
Na
י
זיכל
ee
1
230 by th
Bodia BORA AUTOR JE POBis in line with Wall Streek's 200. Gary Bradby
T'utent Press
NA
m
* hotels
The New York stusteta
t
I lise
ket remained elice i vence of Veterans Day Diklay
-United Peter
London Foreign
Exchange
London, No R
Closing rates were
New York Montreal
Amsterdam
Frankfurt Milan
Parts
Stockholm
A20, PAS IN 260 3 1-2 81, +1-3453
1035 -1,099 GA
1750 175-4
ter " 1924-192
ווי
דיי
LONDON METAL the Mediterranean Terminal
PRICES
Landon, Nu
1:
The 'n market was tendy, this „Perioodi Spot wna marked up 3's point to €8471⁄2 a three months 4 to £84.
Turnover was 45 tons
Tenorth
#2
$46 buyers 050 welleth
The lead. Ang and copper ranckels were to Tummier were 154, 175 Caner 1229 tota repectively Pricer
207 Mayers 2000 sellers Etupper spot
Low
Nus
12 211-12 201
Nov
HIL
Others
wrce
amehangred
Jets
I
Zurich
ילדי
''
(20
10
1014.
United Prens
New York Cotton
I
Futures Move In Narrow Range
New York, Nov. 12.
Cotton futures today see-sawed narrowly in quiet dealings as some traders extended the week end holiday until tomorrow.
Closing prices
ruled up 1 løj Der off 2 points. The market open-Ma
New ed off 2 to up 7 point.
Orleans closed up 1 to 2 points,
Spol house selling in Decem.
תו
LAND, EI
lik Hotel. IX Land.. re-Humphreys
2
14 14.90 olly
..... 130
Strain On Reserves
timated that 11
Cotain old and dollar veral months to repair | server will have to Lake an The IPC pipeline. How long it
strain abпonnal
the UTILITIES parteh
the coming weeks. Britain's balance Train up between of
Youmunti payments position is strong C. Light (0) relation rung d Saudi Arabia on the one hand
Electric.. and Britain and France on the
Mauzo E. other is at yune's guess.
Telephone Meanwhile, Britain is looking around for ways and means of Ta replacing the lost sources
though
the ar
tu municat cushion the effect of this but
any prolonged crisis woul! In- volve serious economie risks.—— London Express Service.
20.00
10% 100 23 23.00 301 30%
026
(0) 23.70
24
IN) 22.00
INDUSTRIALS L'ement
八
Rope
Dermal CHICAGO GRAIN STORES ETC.
the Middle East, Oil shipped to Britain via the Canal and the IPC pipeline alone in
145 times accounts.
27 about maillon tons out of total lemporis. or about 33 million tons a year. Shipping oil from the Persan Gulf around the Cape of Giral is not only an expensive Hope
but operation
fine which by availability
MARKET
Dairy
Watson
COTTONS
Textilte
Chicago, Nov. 12.
Nanyang
Wheal closed off
10
is cents today on the Board
ví
of · "Trade, and soybeans closed up tankers. 11 is estimated that of 1 to 1's centa.
IPC
ا به وراه
the tunkers that normally cony i Prices closed J1 Penis per oll through the Suez Canal and bushel as follows: The Eastern Mediteraturan Wheat, No. 2, red terminal of the
pipeline were all diverted around the Cape they cvukl only carry mition tous a year 50 about
with the 69 million compared tons shipped by normal routes
Tanker Due
Additional supplies of mil keep all of these tankers busy could be made avaliaule semirees In the Persian Gulf from Kuwait alone if need be.
217
Der
23. 23 L
207-
Mar
20136-9
Mos
2404-
July
Neut
21 230
Corn, No. 2, yellow
Siput
1374-137
Der
Mur
14323-J
MAY
1474-11
Sex
149- 140
10
Hys
Dee
Tram
Mat
13335-14 10714
Oats
tv
781-7
(1,130)
Total
500 148 100
73.700 14,600
NEW YORK
Spot
24.0311
Der
Mar
34.00 34.04
Max
34.18
July
33.00
But the amount
of oli that could be shipped from alterna- tive sources In the Middle East 50 would in fact be less than 1.335,100 hales | million tons a year. The actual size of future shipments will be limited
the
that extent tankers are diverted to bring Western Pricts of future: closed today supplies from
the last of the the pass through
Was in
Mar
Soybeans, No. 2, yellow
Spot
2512an
Nov.
Jan.
25734
Mar.
May
July
to
Sepi. Barley
the
#pot
Hemisphere.
Meanwhile
New York flour
tankers to
ort
13.19
Dec
23.10
Mar
33.11
NEW ORLEANS
Pricts of futures closed as follows:
Spot
3340
Dec
34.03
Mm
34.07
May
25.0
July
33.00
Oct.
33.23
Dec
Mor
33.10
ber at the 34 vent line, estimated around 10,000 sales, chilled new as follows,
In nearby
buying interest
ants
New crop deliveries enjoyed A Gmart
rally, Post-opening moving up 70 cents a bale, but
gave up most of the advantage later under liquidation and re- selling by early buyers,
Middle East uncertainties were modified somewhat 10 later dealings
thet by, news
Immediate
entry of the UN police force in
Egypt agreed to an
the troubled Bucz area.
Atlanta trade reports noted decided lack of mill Interest in spot cotton during the past weck. diection,
The war nows, the
LIVERPOOL
Sucz Canal before t
to arrive
been
200 lb. rack .....
WINNIPEG
130-14011
$13,400 -United Pres GRAIN PRICES Winnipeg, Nov. 12. Prices of grain futures. closed per bushel as
blocked is due Britain in a few days. There today in after there will be a
In follows: gap supplies until tankers that have diverted around to Cape Begin to arrive. In the interim today | Britain will be drawing down her stocks at present sufficient for from six to eight weeks of normal consumption,
The cut in suply
made will not
cents
Date
Iya
December May July
December Moy July Bariby
December May July Flaxseed
December
some
July fuels centi-United Press.
niready
affect overall industrial output in Britain-partly because the cut
cause
1002 1 20 1824 1250 1253
300 ₫ 104 300 23.40 100 # 30%
TOO #23.90
Lukens Gain
Lakens Steel featured price- wise, gaining 9% points to $123 on the outlook for sharply higher earning.
Domestic is were in demand while
the International le moved in a hauroWET pattern Seatward
LISA 4 paints, Amerada 3 points, Continental 21%. Cities Service, Anderson Prichard and Shell around 2 points, Jersey Standard and Royal Dutch around a point.
Motors were fim.
American
New York Stock Exchange bond volume was $2,910,000.
Stock Exchange volume was 720,000 shares.
Dow Jones, closing averages
were:
36 Industrials
20 mila
1.9 Gypsum
US. Rubber
Westinghouse Eleciate
Woolworth
оп
Mr Thornaycroft sald It was hopel the saler of Australian whent and four here would be an annual rate of not less than 750,000 tons in the next 475 five years.
714
B4
Talks had been In progre for overal months to replace _454|the original agreement of 1932.
United Press,
--United Press,
NAMESAKES
5
7
Answers-1 Leofrie, 2 Texo- tion, 3 Ride, 4 Payment, Courage, 0 Anglo-Saxon, England, & Peeping. 9 Coventry, 10 Mercle.
Lady Godiva.
NEW YORK sugar
MARKET CLOSED
New York, Nov. 12.
The market remained closed today--Veterans Day holiday.—- United Press.
P&O B•I E&A
COMPANIES
PENINSULAR & ORIENTAL S.N, CO.
PASSENGER/Freight servicE
407 00
100 24
147.89
15 utilities
07.02
63 lock
17108
40 bond
$1.50
13
put price Index Moody's "index.
Comun, future pries index Comm.
104.40
106,43
14,20 23.20 135
200 $13.49
Closing Prices
Outwards
#CANTON" *CORFU*
4.10
74
| 9034
INVESTMENTS
Yengize
6
German Gold
Imports
Allied
Chemicals
Ated Milla Jov..
All Chahnem American Airline
American Cable & Radio Curp. American Can
American Cyanamude Co
Auner. & Fong, Power
Am. Mach. & f“dry American Metal .. American Smelling Am. Sugar Ret. American Tel. & Tei American Tob. "B Govern-Anaconda Copper
Armen Steel ..... has
Bonn, Nov. 12.
The West German ment's import Committee
authorisation published
the import of gold and gold alloys for Industrial use from the dollar area,
land.
and Switzer-
The amount of the authorisa- tion was not specified.
The Committee said the pur- chases in Britain and Switzer- land could be puld for in freely convertible currency, Chino Mall Special.
Recommission
Of Tankers
ATIBOUT...
Atlan Cons Mining Baldwin-Lima-Hun
Baltimore & Ohio Hendix Aviation Corp. Benguet Cons, Bethlehem Steel Boeing Airplane Borden (The) Co Burroughs Add Machine Canadian Pacific R. Cnên ta. Là Có. Cat Tractor
Celanese Corp. CI. T. Financial Corp. Chrysler Motors .... Cilmax Molybdenun
Colgate-Palmolive Co. Commercial Credit Commonwealth Elce. Consolidated Edison Continental Oll of Del, Crate Co.,
Crown Zeiterbach Cuban Amer. Bugar Diamond Alkali Dow Chemicals .... Dupont de Nemours Eastman Kodak ......... El Paso National Gas Erie Itallroad Family Finance Corp. Ford Motor General Electric
Ceral Foody
Washington, Nov. 12. Thirteen Lankers, being brought back into commission to relieve a tanker shortage, will be ready for operation in
to do days,
the US Navy
Motora Department has sald here.
Gen. Pub. Ulul. Eight reserve tankers were
Gelly Oil ordered back lo service pre-alldilen Co. 13viously to augment commercial Goodrich (B. F.) Co.
Goodyear Tire. 144 carriers. The first of this group Heyden Chemical
Homstake_Mining Co, Ingersoll-Rand
30
70%%% 7740
204
is expected to be ready, about December 1.- China
Special.
200
300
23474
is a modest one and partly be
unlike Britain, other industrialised countries, Whost No. 3, 100%; - No. B. 2442 Future closings, in pence per still relics mainly upon
Mar/Apr.
May/June
July/Aug.
Oct/Nov.
the Government 1b. were as follows: and crop estimate all combined to old contract cause buyers to adopt "walt Dec/Jan. and see" attitude. Memphis ex- perienced another work wit very little demand, Los Angeles reported cotton in that area was still selling freely as above gross loan prices.
New Contract
Dec/Jast, Mar/Apr, May/Junʊ July/Au
OCL/NOV Egyptian Karnak
Nov/Dec.
other than ell for many manu-
of
consumption so a cut to petroleum producis means that there will be a "gap" of only one per cent in the total fuel supplies.
facturing processes. Throughout FINANCIAL TIMES
all represents only Industo per cent of fuol used
STOCK AVERAGES
Londor, Nov. 12, Since Colonet Nasser natiory- tiled the Suez Canal on July 20, the Financial Times averages of the Stock Exchange, market values show what has happened to British Investore
wyddsjechily 25 Nov. 12 Government sécurfiles/, 5643 | DR Leading incheiriale **, 135.1
Priorities
20.25
23.03
23.05
20.43
20.00
20.30
21.30
25.05
25.53
G0.00
SAO PAULO
I
Futures closings, in cruzeiros per kilo were as follows:.
Nov.
For example the iron and steel industry, uses-'à higher propor
Doo.
50.00
The certificated stock roso 5529, boles fo-8,850 bales,
MIT
39.00
May
July
Oct.
Houston reported a very good export demand for both Ameri- ean and Mexican growih, `es- pecially for nearby shipment. Considerable demand was noted for American - Payptian and long staplo sipland.
30.00
Some industries will, however,
feel the out" more than others. Cold shared, sicaknited - Press,"
Mall
London Wooltop
Market
London, Nov. 12. The merino wool tops futures
closed very steady with a turn- joyer of 95 lots today. Prices in
pence per lb, as follows
Decembar January March May July September October December March
May
Inland Bleni Co. Interchemical Corp. Int'l Business Machine Int'l Harvester International Nickel International Paper Int. Tel & Tel John-Manville Co. Kankas C. Power & Light Kennegott Copper Liggett Mbyers Tob. Co Lockheed Aircraft Loews Incorpor Lone Star Cement Co. 1204-1301% Louisville de Nashville, N. 1274-12819 Lowenstein & Sons.
Mesh Iron Cord. 123-13214 Minnesota Mining
Mon Development 12015-191 1135-11042 Monsanto Chemical Co.
Montgomery Ward Motorola Inc, National Chali. Nogt; National Dairy Prod. National Lead
110-11912 118-113
11715-178
19317 -United Press,
N.Y. Cottonseed Oil
National Steel Corp. New York: Central
on Maintenon
Elevators:
New York, Nov. 12. Own Glas Cham de Elec Prices of cottonseed oil futures, Pan American Airways
Llon of all as fuel than the Exchange Rates lord today in cents per lb, as armour Potures
Duginéma wan dono fix the Jódai
and electricity undertakingsadre per cent of all fuel used Zone, per, cent
marks!
miomiing, at the bollowing • catal
In the US the average spot heavily on oil as a fuel, is not pricy was 33,19, conta, ut Bales, restricted at, ally kóka finalitage Aotulica 105,679 || batean Uni
"Agriculture dal
will be arcotodr
certain
UBA, dollar. '(pet: starting hotos (par Australian noted (per Indonesia. Tuplah; Miam Stoni (per 100)2
March
Page 1 Parko: Davis
18.783 Ponny. FIG.” Co, i Hi bình. Khi có 16.30
Philio Morris
WEB PADELER: At Oemble.
Putelator Iscrumises
Leaves London LNG Hongkong
LA Port Salled
10th December
Via Southampton, Colombo, Penang & stugapore,
Leaves Hongkong Due Londen
Homewards "CANTON"
"CORFU"
"SUBAT"
"BUBAT"
4 p.m. 10th November 23in December
wird December
TO BE ADVISET LATER
Via Singapore, Penang & Colombo, FREIGHT SERVICE
4 10th Nov, from U.K.
lords 7th Dec.
5th Jan.
7th Jan.
"SHILLONG”aus "PINJARRA”dus “SALMARA” dut 2011 Jan. "SHILLONG"jonde 27th Jan.
for Bingapore, P. Swet- tenham, Havre, London. Hamburg, Rotterdam,
Grange
Antwerp mouth
from V.K. from U.K.
from U.K.
&
for Singapore, P. Swet- tenham, Havre, London, Hamburg. Botterdam. Antwerp & Grango- mouth.
ALL VESSELE OUTWARDS AND HOMEWARDS
LIBERTY TO PROCEED . BAVE
VIA SPEZ CANAL, CAPE ór doOD HOPE OR PANAMA CANAL AT OWNERS OPTION.
BRITISH INDIA S.N. CO., LTD, 1830-A HUNDRED YEARS OF SERVICE – 1050
*SANTHIA"
"ORMARA"
due 23rd Nov, nalds 25th Nov,
dub int Doc. salls 3rd Dec.
4
from Japen for Singapore, Penanis, Rangoon & Calcutta
from Japan, &c Shanghai for Singapore, Penang. Rangoon, Calorsta de Chittogang
P. & O./B. I. JOINT SERVICE
"ITOLA"
́ ́due 18th Nov,
sails 21st Nov.
"IKAUNA" due 23rd Nov. all 24th Nov. "ISMAILA” dúo 3rd Dec.
its th Dec.
from Japan
for Singapore, Cochin, Bombay, Karachi, Harra, Khorramshahr
Huwalt de Dubai
Iróm Karachi & Bombay for Japan
from Japan de Kasis-
for Bingapore, Bombay, Karmoni, Baggabi,-Klor- ramabahir Kuwait
Dubai
· EASTERN & AUSTRALIAN S.S. CO., LTD. "NELLORE" in Por
"NANKIN"
salis 14th Nov;
nažím 8th Ďer.
&
for Sandakan, Rabaul Drlibane, Sydney, Mel- bourne & Adelaide
“for Sandakan, - Ítabaul, » Bebbane, Sydney, Mel-
bourns de Adelaide, :
Ali verisi, have liberty to call "wi kny ports, on" (or of the route & the routa a sátiing`are' súhibesɛ. to change or amendment, with or without mõtles,
For full particulars noply to:
MACKINNON, MACKENZIE & CO
OF HONG KONG ITA Telephone Nus: 27721-4.
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