1956-12-06 — Page 9

THE CHINA? MAIL,

THURSDAY, DECEMBER 6, 1956:

Page

TRADE and COMMERCE

Darwin Has Become Tropical

Boom Town

NEW BUILDING, NEW CAPITAL CHANGE OLD OUTLOOK

Darwin, Dec. 5.

Millions of money, new enterprises, new buildings and new optimism are giving Australia's front door, tropical Darwin, a new outlook and a new \complexion.

HONGKONG STOCK EXCHANGE

(From Our Correspondent)'

Business dome on the Hong-

kong

WORLD

RUBBER MARKETS

New York, Dea. 5. The No. 1 Res rubber future contracts today closed 70 points higher with sales of Ave

contracts. December

37.00

37.30-30 00

37,70

37 40-65

30.80

30.20

38,00

39.45

The rex contract closed 60 to Stock Exchange this 90 points higher with sales of

amounted morning

to appro- 312 contracts, ximately $1,120,000. Noon quota- | Janyary tions and the morning's trans- March

May New actions: Fraling).

July built since World War (£30.000

September emporia. The goveries,

sporting Bhare

November I have trebled in value.

Јагниту bayr, in many cases, are big goods, and alio and electrical BANKS

Fort Arin dustrial companies and bonks shope have sprung up on streets Bank

premises for their which were almost empty two INSURANCES Want Ing

Unkn years 310. One place bat a stajTs.

Lombard reading sitIPPING boastful

Wheelorka "Established 1950."

Gone are the sears of war House: inflicted by the Japanese, gone are the off rubbish heaps and a few that only

"eyenoty" were an

betto dumps

years ago

feature of the town.

Government and

spending has already run

Siravelg

in

Three trading become five, and

banks have

llllote of pounis millions of paints are on way.

and more

hiy spent stering)

the

Even Fannie Bay

11521

Even Fannie Any. two tickle mine place-nume [car IL prison, is Buborh with more than 150 new

Munt of them

BANGA

monotonously identical, but they are now and free of vermin and mildew and the singheaps.

£ A200,000 (£160,000

on premiïes. Ore bank which

opened less

AKO with

than three

Buyers Kellery

IMM

Szink

(0) For the first five years afte

IND World War 1, Darwin seemed pocks. ETC.

dead stop. | K. Wheat.

Dock hns

усага Twi

to have

>

a manager and now has plaff Tight and mechanical ledgers.

alants

Club Buildings

Darwin resident.

come to a

All lund and buildings

been compulrørlly nequired by Provident the eminey Government

under

Be Darwin Acquishim Act with idea of bulking # pipe-

Avam enty.

That seltene wood washed out

in two thre monsoons and | BURDEN

allowed tort. Owners Werv

properties on

12

Standard contract ́closed 80 to 75 points higher with no sales

May

Speculative covering,

ked on 13 76 { scarcity of high priced shipment 250 ur 13.40 offerings from the For

540) 14. supplied the background for the Timurket strength,

En.10 substantial part of the business

02

was represented in intra-dealer switching operations, including

1073% | jugue

1 57% lurge-sized exchanges of March- May contracts for physical rubber,

Factory

broadened

buying

interest the delivered

reported.

Decomber

37.00

March

3716

33.03

7.18 2000 ↑

0.45

July

35.90

September

91

} November

455

100 v 442

January

25.45

1000 45

And

13 13.00

LAND, ETC HK Flat

East.

13 10.10

However,

500

FIK Land Krafty

1.35

623100

140

Amidst

156 | 575 13,000 »

10,000

Confidence

tman! UTILITIES Тин Star Ferry Yaumati

1.02

231 23 )

141

1430

1 143

XD

24 24.20

24 "D

Confick new returned with the freedom of the people to work again for a boy their homes within omial dictation. | Tetrssturusen

Public vants can now by home built by the Government, head of my 10 per cent of

100

24 10

Electric

3

Z

4029

31*4

uwa

5200 or 32

12)

(N)

24 70

25

LOG 134 TD

230 2290

400 no

24.8G

23 30 800 m 23.NO

INDUSTRIALS Cenient

Hope STORES, ETC Datry

Wat- 11

COTTONS

35.

*310

1000397

15.20

13. 13 70

Textile INVESTMENTS Yonglaze Allied

4 Ma

343

3000 0 0.83

Bpot rubber umbaled Blanket STEING

3.03

LONDON

Our Michael Paspalis, hna branched out from his Hotel Darwin, now purches thele ar

worth LA250,000 (£200.000

Derpeltial leasehold, build

Ove shops *erling) tex worth L' A30,000 (£24,000 sterilig in one block, und others elsewhere in town.

Crun Durwin Workers'

£ A40,000 (£32.000 ment sterling) on shops, and is going

with

£ A80,000 ahrad

Fantle Bay is typical of what has happened in other suburbs, Nightcliff, Parap, Raph! Creek,

Darwl proper. und la whoir place is bursting

same with progress.

Land

[ A 1,000

The At the

The has

Bourso prices have

Good idtes are now worth trummit £48,000 sterling) building for to its members. Another new club

BUSI LA38.000. | tatary in rent regardians of the sterling) building

quality of the house

£ A2,000

(£800 sterling)

(£1,800

New

York Cotton

Futures

Steady

At Close

New York, Dec. 5.

&

of

18-

note Cotton futures today closed on steadiness after see-sawing nervously over an point range.

Final prices ruled up 4 to on 10 points.

The market opened

up 1 to off 5 points. New Orleans clowed off one point.

Overall activity remained on business quiet side with

the

originating mostly antong pro-

fessionals.

New outsid

speculative

Max

Judy

דא!

To this town which still has la pequilation of only 10.000.

The

Governmera has spen about £ A3,000,000 £2,400,000; en enpllal works in the pust 12 months More will be spent

this year.

A new whart has been cune pleted at a cost of £A1,000,000 (£800,000 sterling).

is

£ A3,000,000 reported beg

sprta on the 13,000 foet long runway at the airport, make it one of the longest in the Southern Hemisphere. Much of

12.0

ז'י .. אאוו

SECTION

SHELL GROUP EARNINGS

London, Dec. 5. Shelt Transport, report- ing on the Royal Dutchs Shell grong's earnings for the third quarter and the first nine months of the current fiscal YORK, WRITE shareholders that the cloture of the Bues Camal and the interruption of

Patroleum Company's now of oil to the Mediter

По

rabean are not really fnetest in the terim report.

AS

TB-

The whole Royal-Buich Shell group reports sales and other Income for the third quarter

£591.- 177,000 (compared with £137,949,000). Net for the third quarter, £48.164,000 (£42,730,000) and for nine months, £138.208,000 com. pared with £113,459,000

Interim dividend obanged at 1 shilling per share, free of tax, on the increased number of shares, -United Press,

un-

Suez Costing

Britain More

Than France

Paris, Dec. 5. The Suez intervention is Markol. Several large factories proving far less expensive reportedly bought a good-sized amount of nearby rubber, most-

SINGAPORE

to France than Britain, here said ly in the so-called low-grade official circles factory category, No, i Ras was today. quoted at 37% conls a pound, Commenting on the statement British Chancellor of by the the Exchequer yesterday on the British position, a senior official of the French Finance Ministry said today that there had been no comparable drain in France's Hoist

The market opened slightly lower on lower overseas advices 1000 304 but it steadied later during the

day. Futures:

500 13.30 13

3300

(No. 1 rubber per Ju

Dec.

16.40 700 13 70

3.

Feb.

2000 « 13:50 | No. 2 rubber per lb. Dec. No. 3 rubber ver th. Dee.

Singapore

Stock Market

Brokers

this money pours back into Darwin businesses through an

Singapore, Dec. 0. aerodrome construction squadron

the today quoted of 400 men

by the seni here Royal Australian Air Force to following stock prices:

Opening Datu Lintang Bubber Co Ltd," $1.71 Briti Borneo Petroloum

Syndicato Consolidated Tiss

No. 4 rubber per lb. Dev.

No. 1 sale crepe.

1173-118 114-115 unquoted

113-119

110-111

10596-1/915

1174-118

130-130

The market was quiet after

with opening casy changed at 39% pence.

No. 1 spot ... Settlement house term:

Jen

Teb.

Jan. thick

Wall Street Gains Another Two Billion

New York, Dec. §.

The stock market chalked up another two billion gain today-it's third in four sessions, this one sparked by International Nickel's announce- ment of a price increase and a new 175 million nickel development in Canada.

Harden (The) Co.

Burroughs Add Machine Canadian Paclic R

The twin announcements sent Boeing Airplane INCO up over points held 7 points-and gave an odded push to an already strong mar- kel.

oile, chemicals,

of

Steel shares, aircrafts, tyres and a host special issues had golus ranging

pot two points,

yesterday.

The upsurge, coming after brief interruption taking

for profit

boosted to

since

at

noarty 22 points the recovery in

Industrial the last Friday and jeft prices their best gince November 8.

The rise in industrials for the scusion amounted to 7.17 points on average and was one of the best of the year, topped only by 7.83 points gain and 8.87 TISU on May 20. Rolls went up 0.87 and willies 0,21, Demand For Steels

Monday's

Cam, f. 1. Co.

Cal. Tractor

Celanexa Curp.

C. I. T. Financial Corp Chinne Murthal

Chrysler Motors

Bank

Climax Moly bedanum Colgate-Pakriolive Co, Commercial j Commonwealth Riec Continental Of of Del. Crane Co.

Consolidated Edison

Crown Zolierbach (xd) Cuban Amer, Sugar

Diamond Alkali Dow Chemicals.... Dupont de Nemours Eastman Kodak

El Paso National Gas Brie Railroad Family Finance Corp. Ford Malor ....... General Electzle General Foods.. General Motors Gen. Pub, Utti, Getty Oil Glidden Co.... Goodrich (D. F.) Co.

Interchemical Comines

Int'l Businom

Int'l Harvester International Nickel

than International Paper Steel Int7 Tel & Tol

North American Aviation Goodyear Tyre

Hayden Chemical went up more than 2 points to | Homstaka Mining Co. feature a strong aircraft group. Ingersoll-Rand International Nickel followed. Inland Steel Co.

Demand for stools WIDS TO- nowed. Laukeens and Bethlehem cach ran up more than 3 points Youngstown added more as did Crucible. US climbed nearly 2.

Moving up with Nickel in the non-ferrous metals: Kennecott. and National Magna Copper

2 Lead had gates of points each.

International olis were strong. est, Quld ran up more than 3, Getty "Oll over

to

John-Monville Co. Kansas C. Power & Light Kennecolt Copper Liggett Meyers Tou. Ca Lockheed Atrerat Loews Incorp. Lone Star Cement Co.

Louisville &_ Nashville II. Lowenstein & Sons. Mosabi Iron Corp.

Minnesota Mining

a point along | Madon Developrisit

doller reserves, with Rayal Dutch. and that no fight from the grane

Du Pont and Union Carbide had been noted as a result of had gains of around 4 points in the intervention in Egypt.

the

chemicals. Chrysler A 1,500 million Collars

Motors General million sterling) fractions,

Of LOT situation

had

Monsanto Chemical Co.

Montgomery Ward ad Motorola Inc. National Cash Reg. "A and National Dairy Prod.

National Lend

major than Ford more

National Steel Corp.

New York Central

Owen-Hinola Glass

Ingersoll-Rand, Anderson Clay- Pan American Airways

Owens-Corning,

Fiberglas

(about £535 French reserves were relatively point in the automobiles. Good-On Mathieson much stronger than the sterling year climbed over 2 to feature Ole Elevators area's, and were fully adequate the tyres. Freeport. Sulphur. Face Gas & Elec, to meet the least six months.

But two major problems now ton,

the added 2 the Government; financing of dollar oll imports, and the stagnation threatening of French in- 331-323 certata sectors

the becauso of

fuel 319-3146dustry 20%-3012 shortage.

брог

un-

331-33?

33-35 faced

3241-33

40% 4023 unquoted Unuod Press.

Mar.

Jan./Mar.

Apr./June

July/Dept.

Oct./Dec.

do the job.

General markets, cif basis, portag

Diac.

Ju

37 30

30.10

3800

US the average In the

was not available, price totalled

74,237 Press.

sput Sales

bales.-United

Uranium-rich Run Jungle only 70 miles away, and Darwn to also the

base for the South Alligator River Balds. Car trials have

Tab.

popularised

pret.

Belter Ord. Fraser & Neave Lid. Ond Framer & Neave 74

50/-

29/04

Eriate crep

Doe, thin

$2.22

cum.

$4.00

Linid 12.00

Hongkong & Shanghai Banking

Corp.

1:33:0

Honkong

0/-

Ketopak Ltd.

$2.20

Luna Rubber Estates Ltd.

0.30

Malayan Breweries

12.05

New

Serandah Rubber

Co

Lfd.

interest continued to be curbed CHICAGO GRAIN

uncer-

tuintles on farm legislation CR-

Evenuse of overhanging

pocted to be introduced

when

Congress meets in January.

Queairer of the loan rate for the next crop, and the possibi- lity of a change in government cotton:

MARKET

Chicago, Dec. 5.

the north as a tourist resort in ¦ Gaminions. winter.

Rice Industry

Territory Rice Ltd with 75 per cent Amortean and 25 per ceni Australian capital, Is establishing a new industry at Humpty Doo, 40 miles away. The grain futures market Last year, more than 300 tons of rice wa harvested from 200 fereused the enu- improved today

that acre-bul optimists say

potential

Is 500,000 Reves Evering-up in the December Board of Trade on heavy the

an income

up to delivery proceeded quietly with buying by commercial and

£20,000,000 (£18,000,000) delivery showing the spot

export houses, small decline most of the time.

Privalo Mast

Open December conracis

at

но

the

grains declined carly, the start of trading today join-but reified during later trading Spot month Wheat prices moved higher on lod 45,700 bales trading ends in the noon hour word tha: Pakistan would buy large amounts of wheat in the Dec 12,

The certiferted

re near future. meined at 3,109 bales.

March

Month

December

May

July

October

December

March May

Total

stock

Volume Open interest

0.100 43,700 14.900 372,400 38,000

303,000 11,100 160,000 131,000 17,100 17,300 $4,900 19,300 3,100

5000 129,700 1,218,100 balen

NEW YORK

Prices of futures closed today Es follows:

Spot

De

Mar.

May

July

Oci

Mar.

May

34.00 34.23-24 13.177-34.00

NEW ORLEANS

Prices of futures closed today

as follows:

Spat

Dec.

Mar.

May

July

Дес

Mar

MAY

LAVERPOOL

Corn made good gains after some early seiling wil com mercial interesis and cash houses on the buying side,

соги

Oats and

and

of

(Malay)

Petaling Ts Ltd. Raffles Hotel

Singapore Cold Storage South Britkuli Insurance

Eld Straits Trading

$9,40 $3.27-

Steamship United Engineers Ord. wearne Bros.

Fendiv.-China cundiy Special

New York Sugar Market

rows

SHORT-TERM LOAN

Wostern Hemi- To pay for sphere all the Government was an ogree- hoping to negotiate ment with the United States whereby settlement would be modo in dranes or by means of a long-term loan, the officials said. In industry the Government had plans to aid threatened sectors such as automobiles, glase und building by priority oll de- placing armed by Uveries and

to service contracts

prevent possible unemployment.

These are among the problems to be studied tomorrow at an interministerial meeting pre- aided over by M. Paul Ramadier, Minister. China the Finance Mali Special.

Yen-Sterling Fluctuation

$2,20

New York, Dec. 3. $3.30

World No. 4 sugar futures $2.00

1001 closed today 1 to 9 points high?: with sales of 858 contracts, $33,00

Domestle No. 0 sugar futures $25.20 $11.70 closed 3 to 6 points higher with

109 contracts. sales of

in

and Strength Mall entwed

inquiry foreign dominated the world contract, Dealers expect Germany to buy $260,000 Lone from various world producers. The largest amount, totalling 142,000 LODE.

is scheduled for purchase

London, Dec. 5. New York, Dec. 5. from Cuba.

A message in today's Financial Closing rates were:

Foreign sources indicated the Times stated the Japanese Fin- Canada

1.03-48/04 | German buying will be done inance Ministry is expected to England oflicht

a series of tenders in the period pormilt the yen sterling rate to DPC. 13 to 18.

fuctuate freely within natrow Meanwhile Iran was reported limits, starting early next year. in the market for 150,000 tons "Financial officials regard

companies New York Foreign around

pitch- have begun to export

Much of the monty blende,

through back must come Darwin.

A British company, Doswell Engineering, has taken over an arca of rulle sands on Bathurst Island.

Broken Hil prospecting

Exchange

Australia Proprietary in New Zealand Arnhem South Africa around Consolidated Zine India

rye followed the pattern set in Land, while

about deposits of buse mætals in Its claims ndjoining Rum

is reported to be optimistic Pakistan

Soybeans ako were off early in the session but later recovered on buying by shorts during a rally in soybean ull. Traders said the demand for beans was fair, even during early selling,

at Grains outside

markets were steady to firm,

Jungle,

30-day futuren 23-day futures

2.784% 2.7731 2.73 2,22-13/16

ATTS 2.70

2090 2090

-United Press.

March MAY July September

Mitch

Others were unchanged.

Yet views as to the present Exchange Rates

and future are not unanimous. Business

tals

and

of refined sugar with the tender as an important step towards to be held on Dec. 8. Futures, casing exchange controls

Contract No. 4 (world)

developing a true market for 4 sterling in Japan," this news- correspondent 475 paper's Tokyo 475 wrote.

Contrast No. 4

was done In the local Spot (cents per 1b, fob Cuba) A few businessmen have com-unofficial excheage Inarket ปป

March plained that things are not as morning at the following rates

U.B. dottora (per (1)

6.31 May good as they could be, or 45 sterling notes (per

10.13 July 1284 September good as they were during the Australian notes (per £1)

(per 100) 19.04 Spot starry-eyed boomlet of 1934.

**** | Siam ttogi (per 100)

2 Others say that the town hasiko (biraits)

lo 2% grown too quickly; that the

33.03

32.00

37.80

Wheat closed up crats, soybeans up

31

to

33.78

cent

Wheat, No. 2, red

Spat D26, 23819(11) 2 Mar. 33.50 34.23 July

24112 2300-13 23014-

Corn, No. 2, yellow

2 01

Boot

May

July

Sept.

penco Rys

Des

Mari

Future

closings, in

per ib. wero as follows:

Uld contract

Dog/Jen.

New contract

May/June

Dec. Mar Oct/Nov Dec/Jan 120 Baybeatur. No, 2, jellow Star/Apr.

spot

Egyptian Karonk Nav♫

SAQ PADIĄ

Puturdu "oldwingée, la orgboe per: kllo worɑ, na-follow

Jan.

May

€0.00

·July

Flant

2001 mmol

Jam

is being spread thinly between

more procers and more butchers. Skilled and unskilled labour

is short and the cost of living is bjgh. The humblest

wurkers get a margin of 243, on the baste wage of £A13 15s (£11

terling), but the avotage take-. home pay is much higger than 135-13474 that.

130-330

1501-17

14200

149 14076~15

143-143 1412

A

Warning

The Sunday newspaper from Sydney conte da 3d.

4.73

4.75

"I will also, it is hoped, competition stimulate healthy

Exchange

foreign 8.80 between 5.77 banks China Mail Special. 5.81 6.83

5. London Foreign

(conta

per to, cif NY

Press

London Stocks Show

Fractional Gains

London, Dec. 5.

Stocks took a turn for the better on the London

Oranges Stock Exchange today after ourly mark-downs on arq about is each The painter yesterday's announcement of the drastic measures. quotes £4500 (2720 sterling) being taken to strengthen Britain's economic position. to paint a house. Beer is de 3d

Exchange

London, Doc. 5. Closing rates were

New York Montreal Zrussels

CopenhagenS.

Femokfup Sillan

Oslo

Paris

Sipckholm

2.78-8/10-2.7836, 18844-2667 139.88-130.00 19.584-10.30-1 1271-11971

1750-1750

10.932-1993 28314-96315

* 144335-1945 United Prequ

Dibers were unchanged.

LONDON SILVER

PRICES

London, Doa

The price of silver whe quoted Suez Canal ran up £2, at 81, panen, for spos, and 80%

2 to 3 points, American Stock Exchange volume was 880,000,

New York Stock bond volume

was $8,180,000. - Dow-Jones

were:

30 Industrials ...

20 zalla

75 utilitie

as stocks 40 bonda

closing

Comm. future price index Camm, spet price index Kindy's Index ...

Paramount Pictures Parke Davis Co Penny J. C. Co. Peon. Salt Co. Philip Morri Procter & Gamble Co Pittsburgh Plato Qlass Publicker Industri Puro Oil

averages Radio Corporation

Closing Prices

403.03

153.

Republic Steel

Reynolds Metal

hell Oll Co.

07.01 Spint Reg. Paper

171.40

90,44

194.42

167.30

437 50

173.

Dila

区

American Airline

22)

American Cable & Radio Corp.

American Cyanamide Co.

74

Alden Inc. Acy.

Allied Chemicals Allied Mills Inc.

Allis Chalmers

Amer. & Foren. Power Am. Mach. Be Fury. American Metal American melting Am. Sugar Ilet. American Tel & Tel ( American Tob, "B" Anaconda Copper Annco Steel Amour

Atlas Cona. Mining Dawn-Lima-Ham. Ballimore & Ohio Bendix Aviation Corp. Benguet Cons. Bethlehem Steet

Sinclair Oil

Socony Mobil oil South Puerto Rico Sugoi Southern National Gas Bouthern Railway (Com.) Steep Rock (Torontoex.)

Standard Branchs

Standart Oll of Cal

Blandart Oll of Ind.

í Stanıdent Oll of NJ.

Sterling Drug Co.

Stokely-Van "Camp.

Studebaker-Packard Corp.

Bwith Co.

Texas Co.....

Tide Water, Amen. Oil

10 Twenty Century Fox Film

274

100

linion Carbide

Union Paculo Hallway (xG)

United Aircraft

1661% 1.9.Foll "2" (16)

134 UB Cypruni

74

UB. Line Co.

44 UB. Rubber

17% V.B. Smelting

U.S. Steel

13% | Warner Bros.

40% Westinghouse Electric

West Va. Pulp & Paper 11⁄2 Woolworth

103

As approved by the

Prom.

Postmaster General, Hong Kong

AIR MAIL ENVELOPES

HYA MAI!

a bottle, and the Workers Club Most sections finished the day

ghine Good dividens new brought one of war (South China Morning Post Ltd.

704-700 104 & A30,000 (£72,000 with at least actionat

Dollar United Press,

slogting) worth last year. althought traders continued to gains to gold shares. Copp

and Unswero higher." been show considerable caution. *** Householders have warned that next year they will Some Brilal Government looks were strong with the pro- have to pay is 6d per 1,000 bonds cloood with; hallming mkim rising, to 91% per cent. gallons for excons water, which Industrial shares. Were,

out At about EAI (104 sicil and engineering work on the average leady Oil war Mall Special #ardon-China Royal Dutcll up

house with

Transport down slig

• “Foreign bonds were in "With Janinos) and Charnisár particularly

好

and 30%. Denco

NAMESAKES

Printing