1956-12-13 — Page 9

THE CHINA MAIL, THURSDAY, DECEMBER 13, 1956..

TRADE and COMMERCE

SECTION

Pagë

Fly PAN AMERICAN

Commonwealth Exporters WALL STREET world's most

Increase Sales

UK Industrials

Have

Another

Good Day

London, Dec. 12,

industrials

п

RELATIVE SHARE

OF SOME

MARKETS FALLS

London. Dec. 12.

exporters British Commonwealth

BUSINESS FORECAST FOR 1957

Washington, Déc. 12.

The businessman's fore-

cast for 1987: Mote good tlines, better. than this year, with highet wages and higher prices.

Money will continue "light" for at least part of the year,

w

There will be more jobs. Many will enjoy bigger But prifits will drop in

This Was another CX- cellent day for leading gained an absolute increase in sales during

trade last al of world with very the sharp rise special demand for iron

year, although their relative share of and steel shares.

markets in some countries showed a slight

Stewart and Lloyds wire higher at se he fan eta | 3

dd higher; so did Calguns, ra, fall compared with 1954, according to the Commonwealth Economic Committee here.

Rained

anal 24

Brown rhel others were up a shilling or so

Engineerings enjoyed the, m

demani

dori

of

Babcock und Wileox which dropped 3/6,

Markets

BANN

*I

do n rview of the Common-cropped in 0242 millions from

ተር Committee 1279 ABR went trade,

changes heavy to later on coena whereas detalle

the of }: ve

dependent on alerting individual commnodttles, Maluka sheavily Re this

Fuldsen J Fried

export tha! It meene

millions day

it, tunaland countries,

£485 Rubber exports from Ceylon - perrend Investors have decided as the

raus millions his 1954. rule for a farm to hele highest value in my

These socks aut 1952 They mer bom 285 million

The decline in price for the lengthy spali

million In 1954 to 350

products was nowhere near their emiler praks

1155 #Higher Worlek a

Ceylon by Get in the cage of that they are now

betyd bust

pastically heavily inerals Although Royal Dutch pose pries

cut Tenure of the trade was a sterimg another three-eighths

from 243 ally 50 per cent in the of comra and co-onut oil and ber

Testal receipts Fuse olls were not very aber in-

to 239 millioes, milles sa ps tish Petroletan inproved nearly

Lowe podres for groundouts wer eigned in 1952 there were and palo lemets helped to pull betonital sale of sheet rubber, down coloistal tentory receipts

destinations--notably | from allerede. Wr Germany, Britain and fun The Dated States

2 but Burtuah fil 28.

Suez Canal was most com- pletely idle at

£53.

Britsh Governmenta

opened

que le strong with reset t or even 14th but they failed to hold them, closing down 4th or 110 1.

De-

Daltons staring

dakle

.. For inan weak and the t .... 11

point in B per Press,

יו ווד

LONDON METAL

PRICES

Lyndun. The R Iriers if metals closed day

sterling

kong ton

follows:

Tin

kot

3-nonth

3-month

ויאן

Copper spot

Lend a half bee

Zine

เส

buyers sclien

703 794

7821

JAZ

773

27:31

274'

275

112'

Mar

112

112

half Dec

0117

.

Mat

Da

$122.

United Prest

v law of sides to Chim.

درا

For the first time since the with Chizsa agreement

other

Also Benefitted

The colonial territories also rise in benellfed from the rubber prices and total rubber texport receipts rose from £121

millions to £217 millions.

While prices for industrial raw materials generally were rising,

prices wore foodstuffs

last year.

This Was

dependent

reflected

сосов on

falung

In the

84

millions.

of

STOCKS LOSE

HONGKONG OVER BILLION

STOCK EXCHANGE

(From Our Correspondant)

New York, Dec. 12.

Stocks lost more than 1 billion of values when modest profit-taking sales were heightened by the Government's latest anti-trüst move against Bethlehem Steel and Youngstown Sheet and Tube.

A more or less routine de- ciine in progrÉSA for the third scrsion after last week's 27-year record gain was stepped up when Chairman of the Senate Small Business Committee John J. Sparkmon sald he will prets for quick congressional action next year on stiffer anti- merger legislation. Sales

Bastrens doth on the long- Stock Exchange this long momding amounted to suproxi- |mately $220,000. Noon quota

tlobs and the morning's trans- actions;

Babe Hellers

טפון ויי 5

WORLD

RUBBER

MARKETS

The merger steels retreated as Governinent went into on the

Court to try to block the move. Youngstown lost

than more

New York, Dec. 12. 7 points and Bethlehem more The No. 1 Rss rubber futuro

3.

the group contract todny closed 45 points Others in 4.Do than BOD w

followed with smaller losses. lower with sales of three

Du

Pont contracts.

In the chemicals,

fell more than 3. Dow and Union Carbide around

Amertean Cyanamid climbed 3

rose more

Shares

BANKS

BOTIC.

This is

views

a compreite of 12 Industry leaders

Wheelock 101 0.00 third Wheelock N 8.40 who participated in the

Jorecast sym-DOCKS, ETC un business

conducted by the US Whart

Dock laat Provident Chamber

Commerce pom Thursday. Their views were LAND, made public today.

of the

HK Bank East Asio INSURANCKS Unita SIPPING

1003 1345

ta

7

!

90

Di

4415

500

45

13 BO

a point while

IK Hotel

14.70 15

1000 14.00

HK Land

01 01

10001 and Allied Chemical

Shai Land

300 000

then 2.

1.35 140

Demand

132

102

101

73.50 20

315

23 40 23

34

13

15 20

143 2800

150

733

В

ין

In a summary of the conter-Realty

Schmit, RUBBER ence, Dr Emerson

Analy eronomkt, said NTILITIES the Chamber's

Yaumati "1957 will be a Alter your on the wholt"

desple signs that h (o) the boom has been levelling off fir the part three or four months

EMPHASIS

And

Meele

Tel. INS

INDUSTRIALS Cement panelists STORES, ETC Schmit

Dalry emphasised that their prophecies Suviser 1 773 were based on the pumption Kwong§. 11

COTTONS that there will be no worsening

Nanvarg INVESTMENTS of the international söluation.

The symposium produced The dropped | there specifle predictioy.

£71

Substantial Rise

Alter

07-219

21 31 75 4231 DE 2000 31.30 200-21.00

2000 14.10

Higher prices for some foods, CHICAGO GRAIN houses. steels. radio

maybe TV;

the

gets and

better business for

from sagging

equipment

and home building Industries;

A substaniini rise in exports no more than

olts and net of Indian vegetabir

offeri oliserete helped to

the price falls and total receipts 10 tro 238 millien rupees to 378 millions.

more

MARKET

Chicago, Dec. 12.

for airevafts which feature

made that group the

on Tuesday, continued and lifted pricce around a point in Boeing and General Dynamics, nearly

closing netages

in Rohr.

Dow-Jonts

were:

30 Industriais

21 rain

den Ine Acy

..

December

33 50

The rex contract closed 45 to points lower with sales of 198 contracts.

65

January

March

May

July

September

November

Jamiary

30 20-05

30,00

Standard contract closed 50

to 55 points lower with no sales.

December

F

33 BU

35.75

35.20

experienced airline

to

EUROPE

and the

USA

For reservations,

call your travel agent? dr Alexandra House, Phone 37031,

Hong Kong

Poolmuta Hotel, Phone 64005, Kowloon

1 Sam of Bow To, USA, 100 Eftail lisasiny

PAN AMERICAN

"FOR CHRISTMAS"

487.02

132.01

1.00

13 uttitties

ST.20

03 slocks

170.50

March

40 bunchi

00.41

Mar

Comm future price index

162.53

July

Comm. spot price index

100.43

September

Moody's index

440 80

November

January

Closing Prices

Allied Chemicals

$172 DELA

Allled Milis ine

20

Allis Chalmers

American Airline

American Cable & Radio Corp

American Canamide Co

78

Am. Mach. & dry.

30% 275

10345

167

2015

7311

Shipment offerings were re- ported in "tair volume" but at prices too high for buyers con- sideration. Spot No. 1 Red was quotect at 30% cents a pound,

A gracious welcome

174

a slight rise In farm income; Tales of B million

Grain automobiles

Futures were 10 UiA year's 5.8 compared

prothiction and steady to firm on the Board million; high

early generally adequate supplies of of Trade after steel; no increase in the rate of sell off. business expansion and maybe a slackening.

an

Commercial houses sold early, but buying

the developed on commercial houses

outlook for declines by Schmit said the

conditioned **14

year

Export reaclpls from ten sales reflected.

relapse in the shap pile in the case of India, whose 1,477 len earnings fell from fortunes of colonial territories million rupees to 1,091 although

Coyinn trading. export values of

Easi Middle The Colonia) territoris PB were even higher on average

Europe." As ica iri the thars 1854. Ceylon To whnic exported cocon

of 17 millions against receipts value

rose to 1.194 million said, the new-year

"must against 1.123 130 millions in 1954.

usually." Weal Britin export receipts,

Africa's

tola! foot example,

rupees virtually volume.

Cotton Futures

Rally But Give Ground

New York, Dec. 12.

Cotton futures today rallied spiritedly after a mixed start, only to give ground again in later dealings.

Tulal

At the else the fist ruled off May 蒜

up 32 points. Opening

prices were up Ô to nổ 2 points.

New Orleans closed up to 20' points.

000

1,600

unchanged

on

д

export

be more

tens heavily by recent events in the during n'fairly quiet session.

Attributed Wes and Eastern Selling

and hedging he liquidation result, R

forecasting slightly higher opening. guarded than

After

of in- several days activity, exporters were again in business, reporting current sales and a fair amoun: of pending

trude.

and overse

India Japan were buyers of US Paci- ne Coat while ind hard wheat, the amount involved being close to 3,000,000 bushels.

CLOSING STRONG This year is closing strong, he The fall in jule goods prices were reflected in India's earn- said, and it should carry over They into 1957, "Next year should see Ings from these exporta.

from 1.238 dropped

million serious dark clouds," Schmidt The said, but "we don't have all the rupees to 1,183 million,

had devaluation of the Pakistan favourable factors that we

Wheat closed up 1 to 2% ruper helped here in the export in the autumn 1954," when

record cents; current spell of raw jute (values of which the

cents. rose from 64 million rupees to smashing begini 690 million and in the growing manufactures of jute expont which rose from 17 million rupees to 88 million".

of

Commonwealth

soybeans up

Wheat No. 2, red

Spot

10

American Metal

American Smelte

Am Sugar Ref

American Tel & Tel

American Tob. "B" Anaconda Copper Annco Bleel

C. T. Financial Corp Chase Manhat. Bank

Dow Chemicala

Eastman Kodak

The irregularly lower ter mina! market trend reflected the overnight cable advlees and the continued slow demand from domestic consumers in the de. livered market. Dealers were on both sides of the market, with › selling orders predominating.

DRY FLY SHERRY

仁

KAT BASTA PAZUD Pude a cram

SINGAPORE

The market

opened slightly

higher than last night but eased sharply on heavy liquidation which

were well absorbed at

100 cents-level

for January,

to your guests

AGENTS GILMAN 2 CO. LTD

Amazing

New Discovery! restores your white hair

to its ORIGINAL COLOUR within 2 weeks.

88-00

market Was quietly

steady with spot quoted at 31%

Armour

Allan Cons. Mining

Baldwin Lima-Ham

Baltimore & Ohio

Bardix Aviation Corp

Benguet Cor.

to

Bethlehem Steel

100

Being Airplane

24

on

Borden (The) Co.

2014

Burtongh Add Machine

37

Canadian Pacife R

33

Cuse (J. 1. Co.

13%

Cal. Tractor ...

The market closed steady with tuir demand for lower grades. Futures:

Celanese Corp.

14

10

AB

Chrysler Motors Colgate-Palmolive Co. Commercial Credit

70

421

No. 2 rubber per lb. Jan,

No. 3

"

Commonwealth Elec.

19%

No. 4

Consolidated Edison Continental Oil of Del. Crane Co.

449

Spot rubber unboled

10774-100 No. 1 rubber per ib, fan.

Feb 10044-100 Mar unquoted

105-100 103-10315 10724-108

123

Blanket стере...

No. 1 pale crepe.....

133-133

Crown Zellerbach

Cuban Amer. Sugar

19%

LONDON

Dupont de Nemours

183%

The

87

He noted that 'retni! sales shown less buoyancy" "have this autumn, Industrial produc- tion in October was only 1.4 products per cent above a year ago, and

El Paso Natical Gas Eric Railroad

55'

1972

pence per Ib. Prices;

Mar

Dec. 24115111) 271)

Amy

243 n 2001

Family Finance

orp.

zali

No. 1 Ra spot

346-0144

Ford Motor General Electric General Foods

301%

Settlement house term:

81

Jon.

2196-3176

4414

Feb.

4426

Mnr.

312-314

July

5432

Jan/Mar

314-314%

Sept.

485

Apr/June

3115-319

July/Sept.

Goodrich (B. F., Co

24

Oct/Dec.

Spot

1305-139%

Goodyear Tire

765

Ceneral markets, cif basis, poris;

Dec

1341

Homstake Mining Co.

33419

Jan.

Маг

1393-36

Ingernel-Rand

0915 Feb.

May

July

1416-45 1433

Inland Steel Ch.

77%

Eelate crepe this Dec...

Interchenical Corp

$115

Jan

Sept

Int'l Business Machines

thick Jan....:

Int Harvester

fye

International Nickel

Dec.

143

International Paper

Mar

1451

Int'l Tel & Tel

Oats

John-Morville Co.

4792

Dec

70:1

Kansas C. Power & Light

37

Kennecott Copper

Мат

Liggett Meyers Tob. Co.

Soybeans, No. 2, yellow

Lockheed Aircraft

the

Spot Jan.

Mor

Opening

$1.00

May

20334T 2321-252 23334-22503

250-250.

July

Sept

225315-34. 2422-242

40/03

Barley,

spot

130-1451

29/kt

New York flour

200 lb. suck

which advanced sharply in wage increases have been greater value and volume were mainly than the gains in productivity. Corn, No. 2, yellow

raw matoricis, such United Press. Industrial

us copper,

tin, aluminum and

maxife.

Record Levels

The review

Singapore

millions after remaining almost Stock Market

added that the 70,300 1.190.000 baten Unked Kingdom imports from

the Commonwealth The NEW YORK Prices of futures closed today stationary

years. us follows:

News of a big boost in soil bank payments for 1957, and a Spot Last-minute rush of covering in

December March

The expired December deliveries, May July dominated the trade.

October Department December bank payments March

May

The Agriculture

announced soil

J4.75 34.31"

30 02-03

33.47

33.85

33.30

$3.09

33.09

33.03

million

States

successive for four

Rubber

Singapore, Dec. 13.

quoted Brokers today Total European imports were following stock prices:

the levels and record

Co at

Its Balu Lintank sustained Commonwealth

Ltd.

Petroleum Borneo portion of the market at around Brid

Syndicate one-third

Bmelbers Tin Consolidated

Ord. Froner & Neave Ltd," Ord," .! Fraser & Neave 7% cum. The

$4.00 pret shared Gammen

Mairy) Limited 4.00 more or less evenly between Hongkong & Shanghat

and Prices of futures closed today Canada as follows;

"expired.

to cotton farmers for not plant- ing their full acreage in the coming year will be high. The news louched off an active buy- ing and new investment demand for the new crop months, with the uncovering of stop loss or spot des speeding”

a mid-afternoon December rilly.

the Marel reasoned higher payment would assure a

much larger participation

May July in October

the soil bank plan and eliminate December

March

considerable acreage from pro- May

duction next year,"

December contracts swung

NEW ORLEANS

LIVERPOOL

33 50

31.07

33.10

33.00

43.09

59.03

33.99

A total increase of some 500 dollars in the United intports from

Commonwealth WBS

the sterling Hongkong Tin Ltd.

countries.--China Mail Special.

New York Foreign

over a range of 20 points on the Future closings, in pence per Canade day of trading. From a low of lb. were as follows:

34.31 cents, the delivery soared old contraet Dec/Jan,

*to

and closed at the season's

high of 34.72 cents a

bound,

compared with the season's low

of 20.30 cents, registered on Now contract Det/fan Nov. 2, 1055, the delivery show-

covering 000 bales; were issued | Egyptian Karita Nov/Dec. 00.00

Exchange

New York, Dec. 12.

England official

Closing rates were:

30-day futures DO-day futures

$1.04$ 2.70% 2.17 2.701

-United Press.

Belgium

Banking Corp.

Kempes Ltd.

Lunes Itubber Estates Ltd.

Malayan Dreweries

New Berandah Rubber

Ltd.

Paling Tin Lid.

$1.20

3040

0.92 $20/

$2.10

Rames viel

$1.42

South British Insurance Co..

Ltd.

Straits Trading"

Straits Steamship

United Engineers Dru.

Weame Bros.

1483

$2.038

Singapore Cold Storage

$9.80

$13.400 United Press.

New York Sugar Market

New York, Dec. 12. World No. 4 sugar futures cloned today 5 to 13 points lower with sales of B22 contracts.

Domestic No. 6 sugar futures

exdiv. lexaliChina Mail Bpecial, clord 2 to.0 points lower with

2010 LONDON SILVER

London Foreign Exchange

4

+

20.50

| Mar/Apr.

May/Juhe

23.24

JUN/KUR.

Out/Nov.

Mar/Apr.

ed a cumulative recovery of 28

May/June

points,

Sik delivery

noltodst

July/Aug

today.

SÃO PAULO

per kid were as follows:.

„Future closings, iní, kružéirós

Clan

Néw.

Mor.

May

21.16

Volume Open Interest

10,700 17.900 **. 14,600

July

Oct

Dro

Open contracts at the start bl inding toimited 10,700 bales The certidented stock. héith at 2,798 bales.

Month December

October December March

110,100

4400

1,000

. 12,100.

*The average virpot' prléa 20

bales.soke at 18. spot markets: 10,408, bales.

Dec. 11.

PRICES

London, Dec. 12. The price of silver was quoted today at 80% pence for spot and 70% penes for forward (against, 8014, and 80% yester-

ay)United Prod.

Change Rates

Huliyom was done in the local unomictal

this exohánke... market; morning, at time, following rates som

Indonesian rupiah)

200)

General Motors Gto. Pub, Util. Getty Oll

Glidden Co.

Loews Incorp.

Lone Star Cement Co. Loukville Nashville R. Lowenstein Bots. Mesabi Iron Corp. Minierata Mining Mission Development Monsanto Chemical Co. Montgomery Ward Motorola Inc. ...... National Comi Reg. "A" National Dairy Prod. National Lead National Steel Corp. New York Central Olle Elevator Owen-Blinol Glas Pacific Gas de Mec, Pan America Airways Paramount Picturem Parke Davis Co, Sterny J. C. Co. Philly Morris Procter & Gamble Co. Pittsburgh Plate Glass Publicker Industries Pure Oll**** Radio Corporation Republic Steel

Reynolds Meta

Socory Mobil

sales of 417 contracts,

Bhell Oil Co. **** World futures sagged under Saint Reg. Paper increased speculative quidation Binclair Ou and producer hedging which Bouth Puerto Rico Sugar touched off stop-loss order. Bouther National, Gas Trado interést bought on the Southern Railway (Com) decilné.

Domestic No. 8 contract eased with the lower raw market. Futurés:

Mar.

May

Contract No. 4 (world).

Blandard Brande se Standard Oll of Cal. Standard On of Ing.

Standard Oil of NJ.

Bierling, Drug Co,... #tokely•Vass Catrip. Bludebaker Packard Corp.:

Taxa Co.

Twenty, Contury Fox Fum

4,50

457

Tide Water Anz Cit

4.87

Union Carbido..

Union Pacife Ballway

437

4,70

United Ainctact

Contract

U.R. Foll, B

1.5 dypstun

AMSTERDAM

The market was quiet. Prices closed today In

guilders per

kilogram, elf Jan, as follows:

3.03 paid

3.00 buyers

2.95

No. 1 rubber

No. 2 rubber No. 3 rubber

No. 1 crepe

3.30 paid United Press.

NAMESAKES

Answers:-1 Stoke, 2 Church- yard. 3 Country, 4 Hampden, 5 Grave, B Classic, 7 Poges, Letter, 9 Fame, 10 Elegy.

Thomae Gray,

GOYA

LOTION

EPIFTED)

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SOUTH CHINA MORNING POST LTD. PRINTING DEPT.

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