THE CHINA MAIL, WEDNESDAY, NOVEMBER 21, 1956,
TRADE ́ ́and
COMMERCE
Fuel Decision Canada Still Breaking
Industrials Postwar Records
Hits Leading
London, Nov. 20,
The Government deelston 16 ration fust sent prices tumbllur | On e London Exchange with Dils und Wading indust taking a pouring ranging 41 shillings in Rulls-Rover
Main casualties
on the
ter
I wire ftayal Dutch, Britishi
Peltoleum and Shet Transport
The ar kreipra) serion of
mustrist ist was down a
2 more shillings
1states Fox Plate"*1
lower. 01 Comsals tot 5 Mull bug
Deale Bad market
Et
clown
28/201
moderate detrand then develop-
ed unul new hit the market of
Thereafter
slide.
<
SNAPCHATURT started
11+
171.
Del
stock reflextrá overnight drop in Wall Strvel.
W*** mbed Foreign bancha
bag m
with Japanese 1447:59
spota - Vallest Preza
Singapore
Stock Market
Brokmis
Singapore. Nov
Howar
{ ייווי
bolnyang lock praus
Bata nang Rotary
L14
ni
Sruthieste
Beche
Consolidatuch
Card
Fr & Neave 2 1 Ora
+
ייוון
Guman Malaya Lamated
& Neuve P.
Hongkonk
Banking (bep
Hongkong Tu Lid
Kompas
Lainos Rubber Estat
1
OFFICIALS WOULD LIKE
TO SEE MORE
BRITISH INVESTMENT
By JACK HENRY
Ottawa, Nov. 20.
Canada's postwar economic expansion is still breaking
WORLD COTTON MARKETS
New York, Nov. 20. Rallying tendencies re-
turned to cotton futures today after a mixed start.
Spot Deventer edged up lụ t new new MD high white
top intenths substituted a good- sizext galt for lorengon losses up. To 70 cents a baje
Comaustion house replace- ment buying and short covering! in deferid months was ATITI buted to trebalent reasons, Chart
records, helped by a continuing inflow of American capital, enders assumed the resetion of especially to the newer industries such as oil.
SİLA
IN
-leadily correasing. und mday Canadians would the ter vee the 11.17 Jake bigger stat
العالمية
Canadian
are now
Offcials
Lizat imports from Brital about 400,000,000 dollars tabout | £10,300,000 sterling)
از
around $250 a bate from last | week's high and strengthened
the technical situation
Closing just under the day's haghts the let showed not gains Opening 13 points prices were up 2 to off 3 polits higher
M accounts. shippers. ntac
Federal Government officials Since the end of World War Sære dinelesed that 77 per cent | 31. United States interests have
foreign
invested 5,000 Ents
million dollars Panvel, direct and indæreet, is; tabout 21,700 million sterling)
won Fly Brned States citizens in Canada a um equal to the but exports to Britain air much while British inter- total of Anvenient investments | higher 故宫 770.000.000 dollars dil only 17 per ceat
from 005 to the mulbreak Th
(about £275,000,000 sterling) however, World War it In spite of some
This Cunnda is clearly year, Imisgivings now being expressed interested in increasing Britain's other trade across bought spot
December the cabort
Spot #der*** 1/2- fubite, however. dollar purchasing power to help j
Contracts, plied the
partially freely acknowledge maintain her rate of exports Canadians
1 Now that without
purchases American Invest-
Canada's growing population, akaunt ment, their country could never now nerring 16,000,000, an in-, Orleans, supposedly for One have achieved ils perincular crease of about 3.500.000 sance transfer of a hedge position. postwar expUINACIJ
the end of World War 11. great economic proeverity show that there is an expand ng an. ket for more goods farmy eve meas for firms which shows anatio- tive and readiness to adapt Porte products to Canadian needs
For worse Carından etherla te word over by invedment el fear in traze trend in the Canadian egononny which her! Teod, are lak ng the e suntry low Evidence
with the cronoiule bare
21
the
clostly
*
e tuled State
US Decisions
Everywhere
1
Just completed. an 8,000-mile tour arms Canada and everywhere the evidence of this summone growth and pro if ! 1.a⪜1*h1
most striking. 1- pressive new factories, oil wells. Mom mines, thousunda
411
of
Output Of Goods
נויוי!
crop
SECTION
AUSTRALIAN
EXPORT
RESTRICTIONS
Canberra, Nov. 20. Senator Norman Henry, Minister of Customs and Exelse, today announced new restriction an Aus. iralian exports of iron and strel, including crap.
ما
He said high overseas prices for these commodi-
les could lead to shortacen in the Australian industry and the restrictions on export werd imposed elisure that Australia re- tajie sumojeni quantities of iron, steel and scrap fron And scrap steel to meet Itx needs-United Prem.
HONGKONG STOCK EXCHANGE
(From Our Correspondent)
Baroness done on the Hong-
Exchange kone Stock morn ng amounted to approxi- mately $287,000. Noon quotations und the morning's transactions:
Hayers Neliers
1963 Fáko
Khates
גוף }
03
COAL PRODUCTION
DOWN IN
NEW ZEALAND
LESS GOLD MINED TOO
Wellington, Nov. 20.
Coal, gold and oil production in New Zealand declined during 1955. according
to the annual Mines Report tabled in the House of Representatives recently.
('pai prouduction tallesti 2,506.003 tous ecigared with 2,504,250 tons in 1954, a decrease of 37,603 tons Open east pro- duction accounted for 30 pes rent of the output.
The production of bullion last year amounted to 54,873 ounces valued at £335,62D. The gold conteni of the bullion WILS estimated at 28,443 ounces and The silver content wi 27,830 ounces. Gold production showed La decrease of 15,270 ounces
Crude oil production amount» Feed to 199,510 gallons compared
with 230,800 gallon tn 1954
I
Accidents
Corntreenfing sạc the anc»lener
WORLD RUBBER MARKETS
New York. Nov. 20. The No 1 Rus rubber futures contract fociay closed 45 point lower with sales of 20 contracts,
ਮਿਆ
36.00
The Fox Cernet closed 30 $5 points Jow with
#euta AMİN
les t
T} ti
NAL
Jaet
Mur
alay
34
July
Sept.
Nov
1303 32.00
acedents, the cop et states [
The standladet
Mates
+
1373
"It is no use for satisfaction 35 to 35 pont
tales Esporter! that out of 24 fatal and serinte acebilens no fewer than 10 were kure to fall of omterial at the
al working fees Thrugh some Il-fortune. involved, it is true that miners
contact closel
WE
with no
Der
Man
Mas
PiwPre
July
WAA
Nov
A
and mine officials develop certain tolerance to conditions
gradually 139; which may
and this must ไฟเ constantly fought against
1.45 MONT · 1421.
worsen
BUGETZ
3234
Lion
Specwiat ve But ugh commission houses, Influenced by London's reversal after a stendy start, and a lo Threatening view of the im- meliate situation in the Middlo East dominated the trage, Some aceitoral quidation was en-
Each man employed mine must preserve a conscious, positive approach towards encouraged in anticipation of ho
vering eveloped before first
notice das on Moastlay, Open contracts
the start al
of trading today totulled 124,000 bales. The eer- 15eated stock
at 3,102 bates.
LEE
December
HANKS
K Bank INSURANCES [X92 1
SUITING
Whol
Vitam
DOCKS, EFC
1 Wart Dock Pinvident (43. Harvesting of the remaining | LAND, FIC remtinia
marle K Hot
Jik Laud Etealt v
Amal XD
J
14
300
145
1400
81 62
10001
135
Trust
161257,
23 Ga 141
100 102 700.. 100 21 40 23,00
22 23.20 300
23
30 301
3000
301.
Monin
231, 23.80
Vari
Alferest
300
23.70
Vec
***1,300
Mou
30,100
375,000
Tel N INDUSTRIALS
30 8400 27.30-
500
22.00
15,000
307400
ment
311)
376
JINS
10,300
151200
R
Adequately to safeguard coal stocks, two shipments of coal Australlo were imported from
Det
10,3x
for.
70000
7. SMKP
STORES, Juge Dalry
14.20 14
Мат Afas Tull
1,400
10,200
1,600
3.500
Watron
310
2000 1900
115 A 14.30
high
11.200 1,243,000 Tradem
COTTONS
Nenyang
32
NEW YORK
of the Slabe POTATO ITA
Canado's tele) ourpot of goods good progress In the main beit | Canada puts a large area of de- ¦attrnetively and spaciously built and services this year as mans i dering the week, according to RUBBER
od United i bungalows sprouting in the out-¦ ning about eleven per cent ahead the Government
weekly skirts of towns let and new. of last year and still cannot Summary A nard freeze during; UTILITIES wide roads already over-crowd- keep pore with demare, accord-
the previous week, and another Tran with large number, ing to well-informed
freeze this
favoured Star Feny week. American
The national cars all present
debt 10 other completion of burvesting by de- rene pulsating with th
countries is reported to be in-
fullayop of plant", creasing even more sup.dly, and one-third of Canada's mereased met demand in 1958 has been by foreign supplies.
375
J'elettr
32/96k
Smellers
A *** enior altered
int
29/14
$2 18
The meat preponderance
VADO
34 X A207
5041
States et denke
$2.00*
Part. Le Bouted States As
* i
731
$3 CH
**
of the dressm
$3.00 $200
$54
Nerulti British InsurACE
+
11.
Straits Trading
Pasted Engineers Ord
$479
14t
Weorge Bro
1337
*exdiv Cust
Chine
Special.
Nairys Breweries
ALIN
Lid
Метатран Rubber
10 taking Tia 120
Baffles Hotel
Sengapore Cold Storage
Shroits Steamslop
m
ay to Cake's largest trading. patcher, provating 75 per cent
Der eet of her exports,
k
0556001-
The please Peonegate tum between the two einteles
d
is regarded as natural
182 | cvitable, but some officials Ten
recession in the United
States might have repercussion in Canada
WALL STREET
LOSES OVER ONE BILLION
New York, Nov. 20.
Stocks suffered another 1 billion-plus loss 10- day as tight money worries and the Middle East crisis outweighed a rush of favourable dividend
news.
Katingand tark eit Crate Co
Dek
124
Industrial shares fell 4.40 on| average on top of yesterday's Crows Zellertsach 0.11 loss, Hails were off 0.83. | Dupont de Nemours
squ+g_closed With 655
Jower Batman Kolak total 1,100 traded, Paso National Cins
out of the
only 105 finished higher on the
day.
90
36
232
Erie Barraci
Family Finance Corp
General Electri
40
Turnover continued brisk, Geller al Fonds
dipping slightly
General Motors Brut Util
2,240,000 Gen To
shares from 2,500,000 yesterday Getty Oli
The International oils lost drien th Pate heavily-
Goodyear Thie
2% to $04% in Royal| Heyden Chemical Dulch 1% to $104 in Gulf.
Shipbuilders held fairly well Inland Steel Co against the deeline, with Amert-Business Matri
Int Harveste
can up 21% at $85 and Bath From International Nickel
איז
It
Int Tel & Tel
לדף
|
to
of
According
authoritative Agures. Chondan industry has swallowed up more than 17.600 million dollars tabout £8.250 millum sterling) (- Anance this postwar expansion
Duceursing British Investment in Canada, one official complain- ed that British investors are too
conservative. They prefer to put into old-establish-
tiroir money ed industries instead of "those of the future,” he explained.
Another Canadian offleial re- ported that almost half of the investment postwar American
The gross national product is now runnings at the ente of
dollars 29,000 million
(more than £10,000 millon sterling) compared with 28,400 milion dollars (about £8,500 million sterling) in 1955, which was ten per cent more than 1054.
Meanwhile the Federal Gov- emment
L still trying tu moderate the pace of expansion because it fears that might lead to big price increases and a fall in the buying power the dollar.
FECMEN QON-
in Canada has gone indo the petroleum industry. There has Nevertheless, it Jakso been big American invest- fident that present monetary
inent in miring, Including policy can keep the boom with- [ uranium, Canadian businessmen
In controllable limits. in the rich oll-bearing regions of Alberta told me of their sur- prise that British Investors had but shown more Interest in the big pustwar ofl discoveries In
clas
Other Side
Deficit
Oficals waiki apparently like j to ste a slower general rute of capital investment and a sinaller deficit on current trade.
The deficit was nearly 600 million dollars (about
Prives of futurės elesed today. as follows
344 34
34 4
34.01
Spo
Dey
bi.n
Var
Jus
Cat
Dee
23.01
Ma
3340
May
NEW ORLEANS
Ihares of futurre closed today as foliowy
I
the
Alu
Mos
Jaa
Oct
Due
Ma
LIVERPOOL.
BABIE
327688287
Yawusti C. Light (3
9. Light ON
Firelite
Tel (01
INVESTMENTS
Yam:ike
น
100 23.CO
good, safe technical methods
of risks. ** avoidance the anet Without that we can make further progress in the reduction of accidents.'
expected government announce. the stockpile. The nicht Dotatinare slow domestic tinos manel from factories and other weighed on consumers prices, teater vald
After delines of mure than Event
the marist " pow.
last year. Cont Used in the steadiect on covering by early 14.30 country during the your was sellers, prompted in part by the
13.20 very close to the amount used
In the previous year.
New York Sugar Market
New York, Nov, 20. World No. 4 sugar futures today closed 10 to 12 points higher.
Cold production is now prace leally confined to the operations of three dredges in the Island, one on the easi and two on the west,
Search For Oil
South Coast
Interest in the search for oil ta shown by the fact that 120 licences petroleum prospecting
Domestic No. 8 sugar futures have been granted, covering an 2 to 10 points higher with sales area of 19,354 square miles. of 944 contracls.
World
contracts gave
! about half of a shurp
FINE, when the market highs for the
The spol Strength in
be
new
33 52
33.49
Brst seven months of this year as foreign trade broke new re- cords, with most of the expan-
Future closings, in pence per son concentrated in the United, were as follows States, China Mall Special.
On the other side of the pier | £215,000,000 sterling) for the lure.
the Finenetal P
and Canada's leading financial business weekly newspaper, Le- ported recently that the "moet Interesting thing about the re- cord rate of capital inflow for direct Investment in nor"
*** residen; owned subsidiaries this
1447
year is the increasing participa CHICAGO GRAIN
on by the United Kingdom and
European countries.
344
#1
14
"Detailed figures for
cach
|Hoinstake Mining To.
country are
not yet available.
4251
7.
about 300,000,000
Works 2 higher at $82.
International_Pater
100*
dollars (about £100,000,000
30
sterling)
Rail losses ranged around point in Southern Pacific. dividend, Rock
Joba. Monvite Co
Kennecoli Copper
1903
Island
and
gel Meyers Tou
0114
Atlantic Coast Line.
kliend Atremi
03
Loews Incorp
New York Stock Exchange bond volume was $3,070,000.
Americun Stock volume was 810,000 shares.
Dow Jones closing averages
Lane Star Cement Qu.
MA
Exchange
Mesabi Iron Corp
Louwville 4 Masteville Lowenstem & Son
1199
Monsanto Chemical Ci
3344
dollars
(about
Montgomery Ward
41
Motorula Inc.
ADIL
. wore:
National Cash Reg. A
from cther
countries
30 industrials
170.67
National Dairy Prod
3722
20 121
102 20
National Lead
10 lea
03.42
National Steel Corp.
63 stock
197.11
New York Central
1001+ 34
170 67
Olin Mathilemon
4k fultr Price pu]; M
102.220
Dus Elevators
42
Commun, apoi prins index
Owen-Illinois Glass
Mocdy's Index
424.00
Pacifle Gas & Elec.
Paty American Airways
1716
Closing Prices
Prammunt Pictures
Penny J. C. Co.
Penn. Salt Co.
Alden Ine. Acy.
31722
Philip Morris .......
02
A714
457
Allied Chemicals
Allied Mills Inc.
30%
Publicker Industries
Pure Oil
Allis Chalmers
Radio Comparation
American Airline
23
American Cable & Radio Corp.
Republic Steel ...
5
Shell Oil Co.
03/2
Other Sources
Amer, & Forgn. Power
Am. Mach. & Fary
37
5012
13% Saint Reg. Paper
tet
Sinclair Oll
Socony Mobiloi
South Puerto Rico Sugar
Grin
Heavy
PRICES
Old contmet
Dec/Jan. Mar/Apr May June July. Auk Oct/Nov.
New Contract
Dee./Jan Mar/Apr May/June
July, Aug.
Chicago, Nov. 20.
Oct/Nov
futures turned bigher
Egyp
Kartiok
A
commission
house
continued
the
Considerable interest Wig up opening shown in the discovery of radio- minerals on the west reached active
this season, coast of South island, but market was the only development of any
in pace-significance
base metal mining.-China Mail Special
setting influence.
Domestic futures also were ut new peaks,
drawing strength tromm world market futures. Futures:
الدول
N.Y. COTTONSEED
OIL
maintained I limited volume of Eastern ship- ment offerings. Spot No. 1 As vas querer! tunninally at 349% Pents a perind.
SINGAPORE
The market ruled today steady on better overseas advices. There interest
tower for hrets from inllis,
ግ
KOKI
Future closings were;
No. 1 rubber ner lb. Dea 104y+J1! Jan. 103-104'; Feb.
Na 2 ruber per ih Der
No
No +
Spot rubber unbalen Hankel repe
Na i pole crepe.
LONDON
102-1039.
101-102
09-03 109-103
+
1-2
The markel was easier with spot quoted at 32 5/16 pence per
lb. Prices.
No. 1 R grat
30%-32A,
Seiternent house term
Dec.
313-32
Jan/Mar
Agy/June
207-30
July/Sept
2015-2033
Oct./Dec.
2814-2844
General markets, eit basis, por
Nov.
Dec.
►
Jan... Estate crepe thin Der. oil
New York, Nov. 20.
of cottonseed Prices futures closed today in cents per
Contract No. 4 (world)
Alo!
4.22
26 70
Atm
4.21
4.21
20.13
2x)
Bepl
4.20-21
23,00
Mar.
440
20.33
Spot-seento Der lb. toh
Cuba
..
423
23.05
Contract No. 6
b. as follows:
20.75
Mar
5.91
December
20.30
July
21.93
July
6.02
23.LM1
Sept
Spalteni per lb, et NY
BK-45191
May
July
5,37
United Press.
September
October
December
Nov Dec. 60 -United PPI45"
January March
E6.07
10.07 10.34
thick Dec... AMSTERDAM
The market was quiet. Price
Today teksed
guilders per
krs
90.47-40 kilogrom, elf Dec. as follows:
14.20 30.10
No. 1 rubber
No. 2 rubber
16.05
No rubber
10.05
No cre
2.93 paid
2.97 paid
2.80 nom.
3.57 nom.
United v
Procter & Gamble Co.
Southern National Cas
799%
Bhuthern Railway (Com.)
ast
Steep Rock (Torontoex.)
Bandard Blunds
ננס
Tide Water As, Oli
Twenty Century Fox'Film
Union Carbide ............AN
Union Pacific, Railway
But last year the United States contributed
to a te al inflow for on the Board of Trade after direct investment of 410,000,000 weak stari. dollars (about £140,000,000†
sterling). This left about 25 per buying appeared in almost all 19% cent of the total for all other grains, Traders apparently found
overseas investment.
The United Kingdom contri- themselves short after the sell-
off late yesterday. bution WDS estimated oi 60,000,000
Part of the upturn was £24,000,000 sterling), and that credited to export buying_wheat al and corn, and soybean futures 38,000,000 dollars (about wore
spurred by stranger prices; wheat closed unchanged
£14,000,000 sterling).
NEW YORK METAL FUTURES
New York, Nov. 20. Prices of metal futures closed
today ins
cents per lb, as fol-
London Foreign
Exchange
London, Nov, 20.
oll
Closing rates were: New York
lows: Lrud
Nov. Dec.
Tin
Nov.
Dec.
230 an
AmsterdamA Copenhagen Prankfurt Milan Parla Stockholmi Zurich
Zine Nov
Dev. Copper Nav.
Dec
Prices per bushel in cents; Wheat, No. 2, red
This year, out of a total con- to up 4 cent; soybeans up to: Monireal
higher, the United 2 cents, 4siderably
States share is believed to be down to 65 per cent. European countries have already contri- 271 butca more than last year's 38,000,000 dollars, and the United Kingdom must have invested about two-thirds of last year's down in the first six months of
431 this year.">
2.784-2.78-2/10 2.083-2.08-7/20 10.00-10.049 10,34%-10.3412 11.70-11.70 176335-1784 M27-1924 144115-14.24. 12.22-17.224
Others were unchanged 2304(L) 23036-4,
New York exchange rates 238-2371
were unavailable. - United 27312 227
Spot
Deo. 23912CH)
Mar.
May
July
Sept.
Corn, No. 2,"yellow
Bpot
Dec. Mor. May July
Sept.
19
American Smeiling
Am. Sugar Ref.
American Tol. & Tel.
American Tob, "3" Anaconda Copper Armco Stapl
Armour
Baldwin-Lima-llam
Baltimore & Ohio
Bendix Aviation Corp.
Benguet Cons. Dethlehem Steel
Toelog Airplane
Burden (They Co.
Burroughs Add Machļno.
Canadian Foviño 31.
Caso (J.) Co.
Cat. Tractor.
Geniesso Corp.
C,. L. T. Financial, Corp.
Chano Manlist, Bank.
Chrysler: Motors
Colgate-Palmolive Co. Commercial Credit
Consolidated · Edison
Commonwealth X5,
107
Standar Dil of Cal.
Standard Oil of NJ.
Studebaker-Packard Corp. A
307% | Swit, & CO.
Texas Co,
21 United Airerát
归
US. Nubbér
Other financial Batirees said that total British investment In 42% Canada L inow well over Eye.
dollars 19% 2,000 milion
(about £715,000,000 sterling), or about 019% one with of the total non-
Bec.
Mar.
resident investment, Before invest- World War II. British
Osta
Dec. Mar.
menter were about 36 per cent of the tonë.
Boybean, No. 2, yellow'
At preecet, about 500 British Arms or directly or indirection active in Canada,, out of a total of about 4,250 firms controlled 403,itrom abroad. Of this latter total, mbosat 3,200. are controlled from
Bpot
Nov.
Mar
May
July!
Sept.
Harity
Spor
number 6. firme fling incoln De verdura in Canada, is more then 80,000,
New York-flour: 2 200 15. macic
Ited Press.
Press,
LONDON SILVER
PRICES
London; Nov. 20.
15.6011
15.60%
100.000
104.23)
13.28b
13.200
33,00
3.00b -United Press.
LONDON METAL
PRICES
London, Nov. 20, Prices of metals closed today In sterling per
long ton
follows:
Tin pot
3-month
Copper spot
The price of silver was 3-month quoted today at 81% perier for | Lind 2nd half, Nov. spot and 80% pence for forward
(astoinst 81 and 8014, pence Zinc 2nd half. Nov.
a
previously). new postwar peak-United Press.
NAMESAKES
Beadworm) Army, 3 Governor, 8a Bengal, * Teriment, 6, Baron, 4-Entley 7 Cavalry, & Pinzsoy, B. Endla, 2774.Vistory? i2 @mpfrei
Robert Clive("CLIVE,
of
กล
buyers sellers
6921,
8271 830 217 27%
2781 270
1181 110
110 11
20
001 200 United Press,
Exchange Rates
Tusiness was done, in the tocal unofficial, exchange market moming at the following rates magin U.B. dollar (par 61) Sterling notes. (per £1) Australian notes (ver'21) Indonesian wuziati, pár 100) spam 150i (per 100) Singapore. (štrnást)
Sales 327 contracte -United Press |
Let US handle
YOUR PRINTING
Too many proofs mean time wasted. We grasp the point at the onset and
suffices. ONE PROOF generally
After that, our up to date automatic presses make short-work, of the job.
Let
for
your
requirements.
quote
current
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