1956-12-20 — Page 9

THE CHINA MAIL, THURSDAY, DECEMBER 20, 1956.

TRADE

anad

COMMERCE

SECTION

US Shipping Lines Want Company Loses

More Freighters Released

DELIVERY OF COAL AND OTHER COMMODITIES WELL BEHIND SCHEDULE

Washington, Dec. 19.

The Federal Maritime Board has been urged to increase the number of freighters to be released from the US reserve fleet to take care of export needs for coal and other commodities.

for Vice Pre plen of the A. Bull formen Bart. Following earlier plen: hv Mr under 14 M

nevntly Company Robert T. Merrill, head of the The teraa bunspeatation of coal | Steamshup

by Ather

Coul undelivered, | #equired Shipping Divisidy of the State already solet, but

to future Department,

Shopgang In 'e porwed, Mr Bur- ux M Georges without regard Roussel, US representative quirements, Additonal demand on steted in heatmung that have been upplienins Government

deliveries wilmore for future coul C'oni the French

Jessel sublett, for reserve ships than Importing Agency (ATI), wven further increase his

we need s An early decision by torneys for shipping 1 n

kerage*

La Preletal Marine Hound on serted their casen their applications for a lo

apple 'mom is experied be

17

shortage has cative 157 ships for cont cargoes.

mushed freight rates up to

Choo Mail Special. con i vele

pre

• OppK+ri

Present estimates of the num

..

Mr

Move Anthracite

Vice-

Jotm McGowan, her of "mothball" verses needed! Pre-ktent of American Export snkt his to city cual to Europe are für Laws, Incorporated,

with Cosenzamy was negotiating

France, Italy and Yugoslavia for

to conscrvative, the Board wa loid, in as much as the

LUC

HONGKONG STOCK EXCHANGE

(From Our Correspondent)

Photo-Recording Of Aircraft Blueprints

Kansas City, Dec. 19. TWA has become the to first scheduled airline adopt the now Micro- Master photographic sys. Business done on the Hong-

Stock kang

Exchange

this tem for the maintenance of

file morning amounted 10 ap-its

of engineering proximately $284,000. Noon drawings on new aircraft. quotations transuetions:

HhAFE,

BANKS

and the

inorning's

Buyer Mellers

Baltz

cach

In about 40 containers, than no bigger

a bread book, 30,000 of the drawings covering new 4,000- every arpret of the

mile Lockheed 1049 A

from the

will soon Lockheed

factory in Burbank to TWA' overhaul base at Kansas City.

!!K Bank

1000

244

be town

SHIPPING Wheelock (D)

705

7 FO

1200 M 705

DOCKS, ER

K. Whorl

(2

Dock

300 47

Provident

(0)

1340

13 BU

LAND. EN

HK Hotel

14 70

M

TIK Land

15

420,000 e 1.375

KLUBBER

Amalg Trust

130 155

UTILITIES

Train

Vassmat

needs for US coal on the Con- movement of coal, Mr John | CHICAGO GRAINulty

'1

tinent would greatly surpass all K. McDonell, generni

predictions.

manager

Vice-

of the Starboard Shipping Com

firm suid his mens.

ships additional anthracite to Europe,

Wantext

move

Executive i

Was

Mr William 11. Nuyor, President of The Pocobonlas Fuel Company, said "Where is no

that quest on

11 i the present The only shipping time there are insufficient vessels to take an opposite view Lu service nvailable. either Mouglas W. Burton, Setaos

PRE-HOLIDAY INFLUENCE

FELT ON WALL STREET

VERY LIGHT ACTIVITY

MARKET

Chicago, Dec. 19.

Grain futures firmed in early dealings on Board of Trade today and managed to hold the highest tone throughout the session.

to 2

£3,250,000

London, Dec. 19.

Rediffusion Limited, a London, EXEXT- merelaă televidon contracts ing company, has fneurreă a loss of nearly £3,250,000 sinoe Ita Inoprporation in November 1954. I WIL anborthoed today.

Me J. Spencer Wins, the company's chairman, said

lows of just about two million pounds was

315- tained in the 17 months from the date of the com-

to Dany's Incorporation April 30 this year,

"Being diss in the field wo have taken major part In the latching of inde- pendent televidon und imve had to bear the very rubstantial Onancial bur- den involved in doing so," Mr Wills mid. - China Mail Speelst.

WORLD RUBBER MARKETS

New York, Dec. 19. The No. 1 Rss rubber futures

Page

EXPLOITATION OF FRENCH SAHARA

Paris, Dec. 19.

The French National Assembly has begun an important debate on the best way of exploiting. the vast natural resources lying under the French Sahara.

Recent discoveries of rich deposits of all, natural gas, iron and coal, and encouraging for unranium and prospecta other key mineruis, have led many observers here to predlet

Saharo may that the

Prove vital for the energy needs of France and even for Europe,

Western

קון

Before the Assembly is Government project to 201

to co-ordinate central body the

economic development of kilometres of 3,600,000 square sparsely-inhabited desert regions

London

Market Quiet

London, Dec. 19.

Quietness dominated the

of Stock

Exchange today

at present administratively

Algeria, part attached to Metropolitan France, and with volume down to the French West and Equatorial lowest this year.

Africa.

Streamlining

to concrete With nothing Influence the market, traders I left many issues alone, bid chips slightly Under the

Govertunent plan down some blue a "Joint Organisation for the and raised prices a bit for some Sahara

Region" would of the obs exercise economic control over tho Various territories, thus streamlining and greatly

of

In

There was little interesi also donar foreign borida

and

the

forTACT stocks all were

fractionally in

dollar scheme while the Southern

Algeria, Casles, territory lying south of newly-

A few of the blue chips were Morocco independent

and strip marked down 6 or pence. The another

the nuclear atomle tear-Reyrolle territory to

Parsons-were axdividend 336 south extending from Dakar in and

Aside from the fact that the contract today closed 40 points simplifying development plans stocks Chinese Heng improved 4 Inch negative "blueprint" lower with no sales reported.

Caster is easier to hundle, 125 13.00 read, and less susceptible to wear and tear, the 30,000 draw- ings of the 1049A will occupy a skuruge area of only 15 square feet, compared to 392 square feet that would be needed had the May July airline used normal sized blue | September prints which mainly range from November 34 x 36 inches to 3 by 7 feet.

103

100 23.10 231

102 104

4300 na 231,

Light 10:23 40 2313

Electric

Mucmo Elec 9.30

108 31.7

the Tel. (0) Tel. (N INDUSTRIALS Cement

Rope

24.60 24.00

1000 as 24,70

10

24

600 6 38 100

30

12.00

18.10 15:30 13.19

32341 19.20

In whent, the December de- ilvery made the most advance a si a marked influence on deferred positions, On the dips, there was demand for deferred contracts with shorts evening up ¦ before rej"pse of the Govern- ment winter wheat report later today.

New York, Dec. 19. Holiday apathy held stocks in a routine pat- tum tern and kept activity at the lightest level in

month.

וין

Heal

10ti tong #That put averages be the major

on the day down REQU

Industrials, 105 utilities, appeared when th average ruched itsa

level aroun restaner

1-

ds, 12

Selli

dustrial

cob,

ין

extend

a

on

Soybeans made an early up- oil #rmness in the markel. During later trado however, prices weakened some- what during fairly quiet trad- ing.

STORES, ETC. Dairy

Watson

INVESTMENTS HK & FE Invest

9.30

Singapore

Stock Market

Singapore, Dec, 20. Brokers Loday quoted the following stock prices:

New York Foreign & Neove Liú. Óra.

Exchange

The rex contract closed 30 to 50 points lower with sales of 49 contracts,

Tho area covers

January March

30.20 Tunisia,

and

30.30 of desert

33 05

36.23 Senegal to For

34.75

34.25

to

January

Standard contract closed 50 to 60 points lower with 10 sales reported.

December

March

MAY July Beptember November January

35.25 30.30

35,15

Lamy in the and conventionally marked down Tehed. The region is bordered between 1 and 2 shillings.

French the south by the

French possessions of Senegal,

Tchad and Sudan. Niger and on the cast by Libya and the Sudan.

gures are Purely tentative 33.80 that an Investment of 150,000 30.56 million francs would be needed possible annual pro- 34.55 for a

of 10 million tons of 34.15 duction

oll and a dally, output of four Liquidation before the long million cubic metres of natural weekend holiday recess ound

gas-China Mall Special. lawer London-Singapore cables Opening kept prices on the defensive in session, unusual quiet Factory buying interest сот- tinued at a slow pace. Spot No. 1 Ray was quoted 381⁄2 cents,

SINGAPORE

The market opened below the previous close on lower over- scas advices and it ruled quiet throughout the day with truders disinclined to deal

Batti

Ltd. British

Co Liptang Rubber

Petroleum Syndicate Consolidated Tin Smelter

Ord

an

$1.77

50/0d

20/04

3.30

Freer & Neave a cu

prof.

$4.00

Gammons Malaya) Limited

$2.00

Hong Kong & Shanghal Bank-

ing Corp.

$340

Hành Kon Tin Báo

CV-

Kempes Ltd.

€2.20

Lunas Hobber Estates Lid.

0,112

Malays Breweries

$1.94-3/16

$2.07

2.78% 2.04-1.00

Ltd.

.....

$7.201

Petaling Tm Ltd.

$1.23

1.29

Bailles utel

$1.35-

2.779%

2.791

South British

Singapore Coki storage

$1.59

Iressrance Co.,

No. 1 rubber per tb. Jan

.0100%

Lid.

$12,50

2300

Straiti Trading.

No. 2 rubber per 1b. Jan.

Teb, 107-100%

1935

Straits Steamship

214,00

Uraguay

2000

United Engineers Ord

#1.50

No. 3 No. 4

**

107-108 204-266 101-102

India

2001

Weure Üres.

3.00

Pakistan

2013

exdiscaliv.

-United Pre

Spot rubber unbaled Blanket, crepe

112-113

88-81

China Mail Special.

New York, Dec. 19. Closing rates were:

Conada England official

Australia

unvilletal

New Zealand

US wheel going to Yugoslavia | South Africa 4495 and France. Heavy perling | Belgium

334 business was reported involving Germany

11,500,000 bushels of US wheat Sweden

L'hare

120

th

L'

Manhat Ex yster Motors Colgate-Puliuolive Co CATATYPE al fundi Leath Ele Consolidated Ellino Co. Crown Zellerbuch Cuban Amer

49

7134

42

40

In the xport, sales were only moderate, with small amounts of

Exch

0416

Sugar

Dow Chemitenk

Dupont de Nemons

108

Basin Rodak

KI PA Natl

3

Erte Hullnad

20

Fundly Pimpinee Virgi

Ford Met

General Electric

wus

General FooİN

with Traster Forst

over the emntments

pushing four-day Christinas

hullday.

Turnover

fell to 1,890,000

shares from 2,370,000 and

shee Nov. 23.

General Mokra Gen, b Uni

to host of the wide moves came Getty 01

in issues in speciul skuutions Gliders cu.

Goodrich (2.7 16

such as R. H. Macy which loot Goodyear The over a point on its plans for a Homatake Mining Co.

convertible

debenture. Inger-Rund McCall Corp, which lost nearly

new

3 as it halved its dividend.

Specialty Steels

imanu Steel Co

Interebernical Corp.

to tirever, Pakistan and India.

closed up 5% to off Wheat

cent; soybeans up to off cent.

Price per bushel in cents:

GRAIN PRICES

2440 2412-244

230-

19771%

| New Verandah Rubber Co..

New York Cotton

Traders Cautious

New York, Dec. 19.

Extremely quiet trading and narrowly irre- gular price changes continued to feature cotton dealings today.

NEW YORK

Towards the close the market steadied on lack of sellers and

some short covering.

No. 1 pale crepe ....

LONDON

Futures:

300-1001

132-134

The market was steady with spot quoted at 31% pence per lb. Prices:

No. 1 Ras spot

New York Sugar Market

New York, Dec. 19. World No

futures

• sugar closed today 7 points lower to one point higher with sales of 154 contracia

Domestic No 8 sugar futures were quieter and caster, reflect- the inst

disappointment over

of German buying in amount

understood Ger- rawa. Dealers

purchased 134,000 many today tons of Cubans et 4.05 cents a pound, to.b., and 30,000 tons of Dominican raws at 4.90 cents. Dealers had expected Germany would buy around 200,000 toris of Cubans, in addition to pur- chases from other sources.

on

Domestic futures strengthened with the raw market and 31-31% refiner-commission house buy- 31-31% ng. Futures; 3135-3195

The market was very quiet. Prices of futures closed today Prices closed today in guliders July as follows:

Contract No. 4

1.70

ATT

Wheat. No. 2. red

Settlement house term:

23%

bezel

Feb.

13

Dec 2141 2

1015

Mar

Mar

34

Apr/June

May

T

July

July/Sept. Oct/Dec.

Mor.

Saut

$214

Tort Business Machines Int'l Harvester

4972

Corn, No. 2. yellow

30**

International Nickel a

Spot

Feb.

General markets, cil basis, ports: Jan.

MAY

31 %-31%

July

311-31%

1043

Max.

De

-13

International Paper Int'l TH & Te

MAT.

Estate crepe 4hin Jan.

SAV

July

thick AMSTERDAM

39 sellers 30%

Sept. Mar Spot-icenta par lb. fob Cuba)

Contract No. 0

4.43 4.05

120

Sept.

Mar,

5.72

57

ye

102

Deo.

9144

M

Spot

34.5ön

Louisville & Nashville N.

21%

Onts

Mar.

15.12

per follows:

kilogram,

May

Sept. Spot-(cents per lb.

elt NY ex-duty)

0,72

6,78

5.82

#.08

---United Frem,

but

Meanbl Iron Corp.

401%

Dee.

Minnesota Mining

Mar

7773-74 78-781

May

33.78

July

33.40

No. 1 rubber

elther

more

Oct.

32.03

No. 2 rubber

Mimian Development Monsanto Chemical Co. Montgomery Ward Motorola Ine.

33

384 Soybeans, No. 2, yellow 38% Spot 201 Jan.

No. 3 rubber

Dec.

2431 246-243**

extra caution In

certainties

about

face of un

legislation

Mar

32.88

No. 1 crepe

May

32.81

60

Mar

24019-1%

May

23142-14

expected

when Congress

NEW ORLEANS

100% July

24-0

reconvenes,

Prices of futures closed today

731 334

Bent.

2411-1

Barley

1

Spot

33.60

her.

Spol

330-345

May

July

Oct.

$13,40

Jolin-Manville Co.

The specialty slcels continued Kansas Power & Light active, with Detroit Steel In the Kennecati Copper top spot for volume, but realisti Meyers Tob. 1ng cut prices for many, Lukens, Lockleed Aircraft

Loews Incorp,

up several points in the first | Lone Star Cement Co

two sessions of the week. Lowenstein & Sons. over 2 in early dealings

closed with a loss of nearly point.

Of a total 1,312 issues traded, 587 ere lower, 346 higher, 270

were unchanged, with 58 at Jows, 17 at new highs.

now

New York Stock Exchange bend volume was $5,030,000.

American Stick Exchange volume was 900,000 shares.

Dow Jones closing averages

were:

50 industrinis

Notional CoẠh Reg. “A” National Dairy Prod National Lend National Steel Corp. New York Central Olis Elevators

Owen-Illinois Glass Pacific Go & Elec.

| Pan American Airways

Socoty Mobiloil

New York flour

147

Closing prices ruled 2 points 144-143 higher to 4 points lower. The market opened unchanged to up 4 points. New Orleans closca net unchanged.

-United Prem

Mining In Colonies

Paramount Pictures

403.61

Parke Davis Co

200 lb. rack

20 mil

183.63

Penny J. C. Co.

15 utilities

47.21

Philip Morris

423%

63 stocks

172.47

Procter & Gamble Co.

40 bonde

B4

Pittsburgh Plate Clam

Comm. future price index

161.74

Publieker Industries

A

Comm. pot price index

106,20

Pure Oil

Moody's index

$30.70

Radio Corporation

Republie Steel

Closing Prices

Reynolda Metal

Shell Oil Co

Saint Reg. Paper

Sinclair Oil

Alden Inc. Acy.

•1076

Allied Chemienis

· 1612

South Puerto alco Sugar

Allied Mike -Inc:

293%

Bouthern National Gan

All Chalmers

121

American Arline

American Cable & Radio Corp.

American Cyanide Co.

Standard Oil of Ind

American Metal.....

23%

Standard Oli of N.J.

American Bmelting

· D6]

Sterling Drug Co.

Am. Bugaritet, ou

10

Stokaty-Van Camp,

1581.Studebaker-Packard Corp.

73

Awift & Co.....

721

Texas Com

Title Water Aşım. Öll ...

Twenty Century Fox Film

Union Carbide"

Unión Fueifio Raliway

tinited" Afforaft

U.B. Foli "n"

40

Southern Hallway (Com.)"

Standard Brands

Standard On of Cal.

American Tel & Tel American. Tob. "B" Anoonda Copper Armeo Beeton „Armour ABO

Alles Gons Mining ; 10ayin-LANM-STANTI,

Ballgore še Ohio

·Dandix: Aviation. Corp..

Horders (T}]}=), CO,

Burroughs "Add Mach

Canadian Pacifo1R;

Cat.Trotor Celanese Corp,

IT. Finančiai Con

1.8. Gypsum

1.8. Line Co. U.B. Rubber

U.S. Smelting Visi sisel Warrier, Bros. Westing Want Va

Woolwort

Bengua: Cons

Bethlehem Steel

Boeing Altplang

London, Dec. 19.

Traders were holiday-minded or practised

Other factors blanketing) as follows: market interest included the question of the Goverrignent support rate for next season and extent of farmer participation In

| the soll bank programme,

Ring observers thought to day's "volume would fall below the 22,700 bales reparted for Tuesday. This was the second, smallest volume for a five-hour session in almost 10% years.

Mar.

MAY

LIVERPOOL

2129868

cit Jan.

3.00 nom.

3.04 porn.

3.00 nom.

2.00 nom. -United Press.

London Foreign

Exchange

дв

London, Dec. 19.

2.7614-3.78-11/18

Closing rates were: Now York

Montrebi Amsterdami Brunel Future closings, in' pence per Copenhagen

Frankfurt ib. were as follows:

Milan Okt contract

Dec Jan Mar/Apr. May/June

20.30 Chelo

26.75 Parim

20.40) Zurich

July/Aug

20.05

Det./Nov

28.03

New contract

Dec./Jah

27.31

Mar/Apr,

27.30

May/Junio

28.1

JURYZAME

20.41

20.10

Oct/Nov Earum Kanale

Nov/Dec.

100

19.3746-19.3744

170 11.20 1763-176334 19.83-19.5$16

12241-1325 -United Prem

Exchange Rates

The record low voluine on re- cords of Commodity Exchange Administration, which date

New back to 1937,

was 18,500 bales, posted

on August 2.

1940, The New York Cotton Mr Hector Hughes, Labour, chatge Service Bureau today

Businend ves done in the scal

market 50.00 noffetal exchange asked in the House of Commons catinated domestic cumption

mórning: at the following caledine

0.13 today what surveys had been of all raw cotton in the five

US, dollar, (per, #1) ARGEN macie for the discovery and wette period ended Dec, I at with working

and 850,000 bales compared

1287 After bullish excitement the Sterling note (per" 21)

Australian notes (per cit worn to colonies, and with 733,000 bates in tho proceding market Anished two rupees Indonesian rupiahu per 100) what result,

four-week period and 741,000.

lower

due to speculative profit- Blam sical (per 100) balce in the four work period taking and later up-country Singapore (strails) Mr Lennox Boyd, the Colonial ended Nov, 20 Tut yeast arrivals: Fortnight sales abroad Secretary,"repiled that, apèntat

amounted to 31,000 bales of surveys had been made in 11,

which 10,000 boles went to "Japoni colonial territories for the dis-

Prices covery of uranium and thorium, Month 'Volume Open Interest And 2,000 to Hongkong,

öf'uranitants'

'slowed! nny HAJDr. MdEDURES; thablézi of: econom

1

The mortificated stock re- mained at 2,054 bales, la pel

KARACHI,

in rupees per maund as follows)

Va

1062

NAMESAKES

In the olls Royal Dutch was marked up & shillings and Shell more than 1 Transport up shilling with trading moderate in both cases,

Suez Canal rose 15 shillings to £63-United Press,

Wherever

you're geing

EUROPE

USA

ORIENT

ROUND

THE

WORLD

You can fly there on the world' MOST experienced airilme

For reservations,

call your travel agent or Alexandra House, Přiene 37031, Hàng Loạt

Peninsula Hotel, Phone 64005, Kowloon

the State of New York, O.Kale, und, purity prende

| PAN AMERICAN

Let US handle

YOUR PRINTING

Too many proofs mean time wasted.

We grasp the point at the onset and ONE PROOF

...

After that, op generally suffices.

úpstordato automatic pressés make short work of the job.

Let

curren for Your

quote

-1 Calais, 2 Waves,

„Stroke 3 - EX=; Cun, 7 Nishara, B Adventures, 10

(The Crasnat

SOUTH CHINA MORNING POST PRINTING DEPT.