TRADE
THE CHINA MAIL, THURSDAY, NOVEMBER 29, 1956.
and
COMMERCE
SECTION
Pago
WIDE BREAK IN A Commonwealth Development RENAULT AFTER
WALL STREET
New York, Nov. 28. Professional traders tested the Oct. 1 lows today by stepping up selling. The net result was a wide break in all sections of the list, particularly international oils, selected steels, metals and chemicals.
The new also was construed | Steep Rock (Portlovs 5
note Standard B as unfavourable. A US
اندا
VVELLUNK
Hussia tuvets Muckle Kast tensions by sending Late in the cay a new Biom of The Ught mundy
[T
market developed another rine bunkers'
reptance sales -und which finance trotte
Many
your-und
Companies
utvikenda,
co.lure! inclu.ng
many lat stuck and not a few ut
were viewed It 41-
favourable Judging from mark 1
nction.
WORLD
RUBBER MARKETS
New York, Nov. 28. The No. 1 Ras fubber future Contrect today closed 75 points uf 20 con- IT Niger with sales
Truels.
19 20 Tae rex contract elused 88 to
Dec.
.........
14 points higher with zalea of 367 contrac>.
Standard OH of Chl
Stantia31 Od of Tru Murulard QJ of NJ
44!
61
Storing Drug Co
DI
171
luken «Van Camp
Stud Shaker Porka. Comp swift & Co
Nev
41
Jac
arka, tu
24
Mar
20
May
23
July
しいな
Bept
Nov
Fly Water Asot Cat
twenty confirmy P Pain
Vogtrade
V Am Paratho Hatima Prudent Arterrutt 141
Jan '
Wheeling Steel broke Haba
drupile a dividend
din telurs
The wh
fasted to 21111 the air is a line with expectations
just Industrials
Dow-Junca averages, rails 183
Bu bites 0.15
408
Commodities
i
11,
Cum-
34) a new high since Feb
1933 UN Dow-ho. es
diy future: index
Leaders' Losses
Wom
W
Conghoan at Begiran West Va 15 Tuper
Wedwo
36 25
31 80
37 40-80
37.23
36 23
23.03
Standard contract etosed 80 to
Its logner with sales of
24
ene contract
44
Dec
37 05
60
M
37 45
MAY
37 20
30 05
July
Hept
34.25
Nev
40%
Tored
New York Sugar Market
New York, Nov 21
No. Augur futures
!
World
1 petit lewer
Lotes among the Radiate to tay 17 is high to cludes Du Pont 47% pean's, la-
Co Terpational Paper, Texas Union
Baltimore & Cartple, Oila nnd ousville & Nashville Of the 1381 Beurs traded, 271 Ruined, 851 declined. and 230 i helg um geel there were 18 new high for the year, and 121 now lows
Mighty berla The avera MATS above the critical Gel, I low. The intra-day low for the in- dustrimis 1 465 20 was up 137 points from that level and raits at 150.07 low were up 1.10.
American Stark Ex-hungs bond volume was 1,140,0UD,
Exchange New York Stuk volume was 7,000,000 slut
Taw-Jutik Closing averages
30 industria
*U
American Melal
النادي
Buyers wire mpessed by re- pex of a sucit,ge of shipping iger for November e carinces in
Inomes 4011 na the Far
were boy- Torpla ropidly
thug Bras Hagessely.
SINGAPORE The market opener! clearly u Hopewed overen, advices and
FR short for “apte
Filter Clorings werez Ive milaber pair th
I bet START
311-113 1999-1000! +gotl
with sutva
uit
!
With
252 kaur jo P. Dee
+-
Na rubu wa The Dee Spol rabdabad1 Tanket
Domnestle Nữ 0 rugar futures les an! 3 8 pos low en sules, of 325 contractu
Witle and eradic ptice swbs in the worl! contract reflected waves of speculative buying and realising, with her
ling the reusing on the rallies, with
א
after advancing as much pirits, the got March deliverymen as th.
107.191 10214-10744 123-321 19-91 133-135
stepe
LONDON
*10
t
W.
Cat L
Priers
very rin al
33-07 15
334-3344
33-331
3.33
325-32
03-30
up 16 pedra at 5,04-05 Seth met brow Ca
42;
No 1 1 1
F
Murarti
Spot No 4 Laves men 20 points o, ight to $90 cena a p× und, the toplist level since 1951
Contract No. 4 (world)
Jan / Med
Aj /June Just
Ost Dee
General
# 01-05
500
¦ Decembet
300
4 BU
Felauary
4027
P. Tuto
C
3.00
1
טה B
New York, Nov 28. Prices of metals falures i found turlary in cents per 5. as follows
13-456
IN 609
30 1-32 30-340 m50% merkels, es una polt
Lope
12-13 32 32 4 31-3214 thin and think uni
AMSTERDAM
The market was firm, vetos boday In gulders
kilogram, vir Dec. as follows:
No. 1 rubber
Bank?
MOTION TABLED IN
HOUSE OF
COMMONS FRIDAY
By HAROLD JAMES
London, Nov. 28.
HONGKONG
STOCK EXCHANGE
(From Our Correspondent)
AMERICAN
CAR MARKET
By JOHN MORKA
Paris, Nov. 28. France's leading suto manufacturer an- nounced today its most concentrated export drive aimed at increasing by about six-fold its sales in the lucrative US foreign car market.
pro-
for
Business done on the long-
If the company's ambitious | addition, he hopes to sell about Block Kong
Exchange this
the plins are realleod, Great Bri-1,500 of
standard rear- Inurning amounted to approxim-tain's position as the No, 2 up engine 4eva. Company ately suẞ8,000. Noon quotationa
duction schedules calling and the morning's transactions; plier
of expenditures of millions france are being geared toward the 1957 export gòul, he said.
The now emphasis on dove- US market beyond the 10,000-figure projected last
A limited amount of time in the House of Commons is set aside for motions by private members. Competition is fierce BANK and the number of those who have ideas SHIPPING which
want to they
bring to the far exceeds Government's notice
the members ballot for the Whart alloted time, so
right to introduce a motion.
Now, however, Sir Albert hus brought off the long-shot-It is about 100 30 against drawing
Wheelochy
HK Hotel..
of the
Buyer oltara
1000
US foreign market might be Eeriously 日本 Jeopardised, West Germany--out
car
940
$1000 in front with its popular Valks- wagen isn't likely to be cbal- Ienged by this new French joping the
4.00 1500 a 4.65
6400 1.08 effort, However, 1000075
7500 1.10
DOCKS, ETC.
44
SU
240 00 1000
Duck Provident (0) LAND, ETC.
#!
Moreover, they made } known Among the lucky few session is SIF Albert Braith that this method of financing
all waite.
development tended Conservative and fanat end bellever in the rased to develop the natural resouter) Commonwealth and the
14 10
14 80
1500 or 14,no
IK Lund
01
3500P 61
Really
2.371
the
| traditions of the Treasury.
simply "was not done,”
RUDER
It
Ampig
1.05 1.0711
frust
113
1.90 2000 us 182
UTILITIES
*Fram
22 00
colonies.
Yaumoli
101
t
C Lgn (0
23 10
102 72 101
24 200 210 2500 3.00
CLARM (N 23.40 23 00
Electr
300 g 23,3
2500 23.40
30%
31
17203.15
304 10 30 70 234 73
300 30.75
10
23.00
24
2100
500
20 20 2350
Tel. IN INDUSTRIALS
22 70
Cemal
Hope STORES, ETC
37
7.
1000 37%
12 70
Davy Watson Kwing S H COTTÔNG
14:30 14:50
700 14:40
13 30
20
There is, he feels. chuni par- pose in thus Only through expanding production of miner- als and raw maderiair will the Commonwealth acideven higher sandad of brings and only in which the expanding markets will follow that higher pro tion will Be tain be able to sell! all the goods she manufactures,
Annual Economy
Some months ago Sle Albert The l
motion ¡L
Brug the Guverament To achieve "an annual ecmumiy in national ex- |
make available an penditure amount equal to 5 per cent of the country's revenue" for the | exclusive purpose. of providing 1. communications, water and power essential to develop the res: urees of the Commonwealth, More than half the Conserva- live members added their names to this motion. A large measure of Socialist support was also na- fured, Bul The Government And Parliamentary could time
the motion to
nut for decussed.
UC
a winning number in the ballot And his moliti for motions.
the which will be debated on last day of November, ↳ likely try be
the same on
theme- 'Develop the Commonwealth'.
But this development, he be- lieves, should be carried out by all countries of the Common- wealth in partnership. The In- ternational Bank for Recon - struction and Development has set a pattern which the Com- Thad monwealth could follow. Bank has made vast loans for the development of transport [ty facilitjes, power and water.
Commonwealth coun- Joans tries alone total more than £300 inlllion. What is more, it shows A profit.
All Subscribe
this Many members. when moldon is debated, are likely to formation of B suggest the Commonwealth bank to which Countries
Macao E Tel. (0)
Text.lo Corp INVESTMENTS Yangtare
*
0.03
5 BO
500 23.00
SG 10G
2004
Singapore
Stock Market
Singapor, Nov. 29. Broker's
qualed tudy allowing stuck prices:
the
Rubber
Cu.
Opening $1.75
Burnco
Petroleum
40/-
New York Foreign | CHICAGO GRAIN every effort will be made nol Comaulidated Tin Sinaiters Ord. 29/0
Exchange
New York, 20
194-33/84 256-260
Cho in tales were. C'es
England trwaletal
Ma
Atay
July
were:
400 10
151 15
Mor
20
raila
15
st.l.tes
Spy 4-frenta per 1,
fub Cute)
GA
stocks
1023
Dona
Contract No,
Couture price index
100 J
Mar
Curem pul price index
10 )
Mar
5 07
Prices
per
Moody's index
+30.00
July
027
Nept
04-30
3:10 pat
Closing Prices
No
2 tbbut
NY duty!
W3
No 3 rubber
▸
-United Prew
No.
1 crepe
312, buyera an ivers 3 76 nom.
-United Prom.
Alden Ine Aey
$ 17
Allied Chrotenks
มบ
Alped Mill ine
30
NEW YORK METAL
Alte Chaumets
American Airline
22
FUTURES
Amer Fusgn PuwNI
America Cyanide Ci
American Cable & Hartier Corp
714
10
At Mach Fday
2
20
1
American Setting
A
Nuv
Ai Sugai Hel
100%
Ine
American T Tel
1001
Tha
American Tab
31.
Nov
Anucunda uspe
Itec
0415
10!
Nov
Allan Lu Moning
24
Handwity-kana Tadu
13
EXTRE
Baltimore & Ving
45
Nev
Arts Aviufton CATI
05th
Der
Benguet C
Belchem Sevi
11 ''
Boyang Ad Painters
5114
Borden (her Ch
67
Burroughs Add Machine
Canud in Pacife R
Juth
Cat Track r
Celanese Corp
CIT Financial Corp.
401
Cha Mantiat Ben
40
Chrysler Motors
UG
iter
Cox Molybdenum
Jan
Colgate-Paleolive... Co
41
Mar
Commercis Credit nd.
July
EVELIOSISoulth Fire
Ansolidated Edison Continental 0.1 of Del
12742
Crane Co.
Crown Ze bach
5144
2:
50
A Steel
ACTRAIT
Cuban Ame: Sugni
iamend Alkali
Dow Chemnleade
Dupont de Nemours
Eastman Kidak
Paso National Gos
Erie Brand
Family Finance Corp
Fund Man↑
General Electe
General Fuls
General Motors
Pub Un
Getty Oil
Glidden Co.
Goodrich (BP) Co Onedy or Tre
Hoyden Chernici
Homǝke Mag Co
Ingersoll-Rand
Machines
Inland Steel Co Interchenoid Corp. Int'l Buatrem Int Harvester Internations Nickel Intranational Paper Int'l Tea Teď
John-Manville Co
Kamu C Power & Light
Kennecult Cuppar
Liggs Mayors Tob. Co
Lockheed Aircraft
Loewa_Incorp.....
Lone Biar Cement Co. Juulavills & Nashville R.
10% ob
13900
والان انا
X2 Bole
43 0
-Poiled Proas
Chicago LARD
FUTURES
Chalengo, Nov. 2H, 1514 Prices of land futures closed
€ 2 1
A
today in cents per ih, as follows:
13 12-17
14 +
1300
15:20
--Wailed Press.
3-day
D-day
277 275
-Un,led Press
Others were unchanged
London
MARKET
Chicago, Nov. 28. Most
futures grain closed lower on the Board of Trade today after early firm tones.
The maiket
Was
quiet
Foreigu ughout most of the session
Exchange
London. Nov. 28.
Cling rates were,
New York
Montreal
Lirussels
Copenhagen Frankfuri
Milan
Stockhulm
2 701-778-3/10
206-2 66.
1300-135 op
18 23419 192.
11 707-14 714 1754-1755
1442-14.4214
Others were unelianged.
-Onted res
US Should Dispose
Of Excess Rubber Stockpile
Birmingham, Ala., Nov. 28.
The Government should relieve taxpayers of unnecessary expense by disposing of the excess quantities of rubber in our national stockpile, a leading industrialist said here.
with hedging
te, losang
mabl
Soy bei
and profit-taking very limited e-
advances
were
credited 10 Export covering against current overseas sales,
announced today
wis Korea
been Issues authorisation to buy $7,200,000
of US wheat Aarting Novern- ber 20.
Exporters
and Jaid Free Western
bought Germany moderate amounts of US soy- beans today. Isrue' bought $700,000 of US wheat and Fe- on an additionıl quested offers smaller amount,
At
outsido
grain
Commonwealth would subscribe and from which development projects overscas
Batu would be financed.
Llistat Certainly
the from
Con- Lid.... Britj #rvative táde of the House
Synd.cate Fier & Neave Ltd Ord....
Gammens (Malaya) Limited": Hongkong & Shangha
Banking Corp. |Hongkong Tai Ltd.
Kempas Ltd.
only to get the Government to the substance of the met.on, but-far more important -10 do something about it. London Express Service.
Exchange Rates
the focal
0.39
Neave i cuni
Seranduh Rubber
Mr Hobert. L. Lamaison, | July has been prompted in part Romult Vice-President and by tears that European demand for autos generally will be re-
General Manager for North
America, disclosed plans to eur-duced somewhat because of the mark at least 25 per cent of the shortage stemming from the
close down of the Bucs Canal. automobile exporta
company's
to the Amerlers inærket.
16,000 Plan
conference
He told 4 prese that Henault-eighth biggest
Lo
Д
auto producer in the world planned to export at least 16,- 006 itenault passenger ears the US next year. There was "very good possibility," he add- might thut the company well as many as 20,000 or even 24,000 uf Es newly designed ecotumy model, the Dauphing,'
next 12 months,
over the
LA
London Stocks
Continue To
Lose Ground
London, Nov. 28. Stocks continued to lose ground on the London Ex change today with British Governments particularly sensitive in view of the cloudy domestic and inter- national outlook.
Old the
G-edged lost 4 sterling in severul instances with Consols touching a low for year and War Loan dropping to
4.20
$4.00
12 02
$530
wad
#210
s all the low.
Lunas Rubber Katniss Lid... Malayan Breweries
4 วย
$2.93
Co.
Industrial stocks
were down
#2 25
$3.50
ana
$1.62-
ture
833.60
85 00
$15.00
$ 14
83.37
Petaling Tin 24 Baffin Botri
singapore Cold Storag South Brun insurance
Li
16.20 Straits Trading.
Beinen was done in unofficial
markel this axchange morning at the following rato- US dolla per $1) Studing nutes per y Australian note per 21) Ercienssian rupiah per 1001 Siz heal (per 100
Suwapote
Stratta
12 20 trall Steamship
15 99 United Eng Area Ord
28 00 Westar Bies
1330
cundayChuna Mail Special.
New York Cotton
Futures Sag
New York, Nov. 28.
Sagging tendencies in cotton futures, under-
way for several days, gathered momentum today futures were Ready 10 weak; with new crop deliveries speeding the retreat.
Wall Street commission house liquidation, plus increased New Prices of futures closed today Oricana offorings and local pro-ns follows: fessional selling found buyers Spot
3
generally nywhere trom pence to 2 shlilings but on small fet- unexpceled turnover. An
was heavy selling ut
Unilever N. V. from Ams-ardam which carried the shares down 5 shillings to 81, only 7 shillings above Its low for the year.
Oils showed a little stendier tone. Except for a loss of 11⁄2 sterling In Royal Dutch they were down only a few pence or shillings,
Suez sterling.
Conal recovered 32
Foreign bonds were narrowly mixed.--United Press.
LONDON METAL
PRICES
London, Nov. 28.
Prices of metals closed today
in sterling per long ton as fol- town!
Markela,
wheat closed off th to a cent soybeans up 1% to 1% cents. Prices per bushel in cunts: Wheat, No. 2, red
Spot
Dec. 243
2451(1)
AL the laws, the market showed net losses of $2.00 to rencoval 3.85 a bale from the 24456-343% highs made just 243-3
July
12,300
101,100
Ort,
35,200
228 400
Dec.
0.100
70,200
Duyor weliers |
Mar.
000
10,0
Tla
week agu,
May
200
$600
Spot
047
043
Total
900
1,214,000 bales
1-month
0133
130
Coppet
Mur.
NEW YORK
Spat
22095 274
hay July Supt
2:03-16
3-month
27754
Lead 2nd hali
72932-16
NEV.
117
1171
Corn, No. 2, yellow
2443T
Feb,
118
Spot
141n
34.27
12016
Zing End half
Dec.
482
374
100
Mar May July Sept.
337ージョ 1417
hesitant.
34,00
34.01
Nov.
1011
1017
Feb.
-United Press.
1435-4 1413
31.00
now
33.03
41
8734
KOV.
Lowenstein & Bonu.
**
Mesabi Iron Corp.
Minnesota Mining
Mialon Development
3114
Monsanto Chemical Co.
Montgomery Ward Motorola Ine.
40
40
National Cash R "A
01
In
National Dairy Prod.
Nailonal Lead
109
1136
Mr WS.M. Richardson, Pre- during facilities are completed 30% sident of the B.F. Goodrich next year, American industry 12 Company, said the Government's will be able to produce DD per stockple of 1,200,000 long tons cont of all the rubber It 1816 of natural rubber ties ир an
" Mr Richardson said, ust,"
Without 1025 million of
America's funds. Jus maintalding | made rubber
faculitis, producing 401, this stockpile, he said, corte the ho said, there would have been
taxpayora
an eximated $38 a rubber shortage this year of a year, excluding inter-mere than one million long tons. 549 million, a
net on the investment,
Such a shortage would have tyre bofora speech
the soused automobile and Alabama
Stato Chamber of cationing, he ata.od, Commerce ctually, in
Mr Richard-
Ryo'
Dec.
140
Mar.
Cau
Dec.
Mor.
MBII
Soybeans, No. 2, yellow
Spot
Jun.
Mar.
May
July
Bept.
Barley,
Stupendous
Natigial Steel Com
New York Cantrai
Olin Mälklewn
Otis Elevators Owen-finals Ginko Paška Gig & Elec. Part Amerloon Airways Paramount Picture Parks Davis 90, t Penny Do Pen Belt Co. Phap Moore ***** Proover damble, do Pittsburgh Piste Glam Puhlicker Industriae Pure OF............. Rica Corporation Republic Steel) Reynolds Hatal Shall ou Co..... Beint Ber. Paper Binclair Of
Bodony Mobilos
Bouth Furia Tita
Bauchen National O Routhern HaLWAY
62
December
in
March May July
December
NEW OILLEANS
Prices of futures closed today as follows:
Recent bullish #entiment
crops waned, Experts October thought, because of uncertainties March surrounding the Government May loan rate for the new crop, and terde talk about the possibility
of offorts being made, when Congress recoNVENCS in Janu-Spot ary, to overhaul the Government December cotton price polley.
0
LIVERPOOL
March MAY July deliveries, Nearby
after
October steady start, cased with the Dember later months. The continued March
spot
130-1440 absence of dellvery
notices, May New York flour
fow spot December started a 500 lb. sack ...........
#15 Gen
points higher, United PROSE WINNIPEG GRAIN PRICES Selling described as "hedging | Old
against Inventories", polnied up. "We certainly could not have
Winnipeg, Nov. 20. built 40 per cent of the auto today in conts per,
Prices of grain futures closed the dull situation existing in the mobiles that were producest.
bushel as itexillo market since late Sep-
tember and failure of the Now contracs follows: isti | foreign sources of supply c The effect on our economy Dats
pected
post-election for cloth to miterialise.
the si son sald, Jovent of a real national amor-
gency in our country today, we could be entirely Independent of
rubber."
Succeeded
He pointed out that soientists | production of a natural rubber have mucceeded in reproduting was only
$ the tre molecule of tree-grown Richardin
would have been
stupendous and devastating." The world lart year used 2,900,000 lung tone 02 rubber, but fatal worlä
Dec.:
May
July
Bye
| long foxia, Mr July
Barley
60
4316
Des His rubber and that Goodrich-Guir "We no longer need to RO
May Chemicals, Incorporated, has half
the world
10 way around
July nirendy started pilot plant pro obtain the bulk of our principal Flaxerd quetion of this rubber in the raw material-one which before United States. E
www.World War II was by far this When the expansions of this nation's largest it ingls, Import," country's synthétis rubber pros alia,calda' Mal. Special.
Deo,
Wheat No
ents No. 5, 143% cents. Unitas PromA.
demand
SABZH3865
BSSZABBRE
Future closings, in pence per lb, were as follows:
contrecte DIO/Jan.
·Mar Apr.
May/June
July/Aug.
Oct/Nov,
Dea/Jan.
-Mir/ApT.
sy/June July/Aug.
at
Egyptian Harrak
Nov./Deep
ruled
Open December contracts to- day totalled 01,800 balts, The certinested stock remained 3,000.bales.
At the close the list off 8 to 22 points. Openina prloos were up 3 to off 24 points. Now Orfeoung plowed off 10 to 22 22 points.
Month
Open İşterest
0300
- 10,000
29.70
Mr Lamalson predicted that and British, Italian, German, Swedish car makers probably would be taking a secind look at the US market next year 11 the hopes of taking up some of the European sinekening in de-
and
First New Model
Renault is banking heavily on US acceptance of lis Dauphine -the first new Renault car ex- ported to the United States in The past eight years, Distin guished by its economy of fuel consumption--50 inlles to the gallon-and its smalinesa, the Dauphine зудб successfully shown to American last May.
It will compele with the Ger- man Volkswagen and such British economy
mojcis as the Hillman. Morris, Austin and the Ford Angila.-Unlied Press.
NAMESAKES
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Tam Kung Festival The Bun Festival
40 Ching Ming
unquoted
BAO PAULD Futuro closings, in cruzeiros per klio were as follows:
Ded.
In the UB he'
Totalled 90,330 valës.
Obtainable only from
SOUTH_CHINA MORNING POST LTD.,
| PRINTING DEPT."
27.38
17.30
Wyndham Street.
Telephone 20002
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