1956-12-28 — Page 8

Page: 5

CHINA

MAIL

HONGKONG

PUBLISHED DAILY (AFTERNOONS)

Price, 20 centa par bopy,

Saturdays 30 mente,

Bubscription: $6.00 per menth.

Posted in 10000 $3.00 PT month

British Posseminaa and other countries $1.00 per month.

News contributions, always wel come. would be addressed" to the Editor, business communications and advertisemente to the Secretary.

Tetspbeño: 21611 (8 Unen). KOWLOON OFFICE:

Hallsbury Bond,

Telephone: 64145.

Classified Advertisements 20 WORDS $4.00 for 1 DAY PREPAID ADDITIONAL INSERTIONS

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Births, Deaths, Marriages, Personal $5.00 per insertion not exceeding 25 words, 25 cents each additional word. ALTERNATE INSERTIONS 10% EXTRA

If not propaid a booking 100 of 50 conte is charged.

POSITIONS

THE - CHINA | MAIL), « FRIDAY, DECEMBER 28, › 1956.

TRADE

and

COMMERCE

SECTION

'FREE TRADE PLAN CAN WORK’ WALL STREET

EXPERT REPORT

FOR OEEC

IS COMPLETED

Paris, Dec. 27.

is

A free trade zone in Europe technically feasible, according to the working party of the Organisation for European Economic Co-operation (OEEC),

The working party of experts was set up by the OEEC Council of Ministers last July to report on this question.

the

that a free

trade

It was learned today that, in estimated

working party with ares would take 12 to 15 years

to Art qp. Belgium's Baron Jean

The working party was not a Charles Snoy na chairmatiutinting

Ixxly and did not to all has now completed its re- teclinical answers

It was asked to port. It will be studied by tablems.

possible forms and the OBEC Council

of report on

methods of association between Ministers early in February. proposed customs union of

The report has not yet been European Coal and

Steel Pool published.

countries

other OEEC 12-15 YEARS

eobniries Interested. Britain bas free The Council of Ministers is expressed interest in the Fellow) wül assist you to higher | expected in February to make | trade zone proposal. statur and better salary Interesting a decision on whether to go

VACANT

COMMERCIAL

ACCOUNTANCY, NOOR-KEEPING. Company

Becretaryships.

Busting

Associate of

Än "Intensive Method" Course du Award of Diploma se

spare-line Ponial Study with exist

with negotiation for setting up a fire trade atra, Il

tutorw; Guaranteed

Ladon Chamber 11.3.A.. Institute of Custeree, etc. For Free Booklet,

now London School of Accountancɔ, [

07 Monmouth Street, London, W.CZ

HT

ahead f Commerce.

writ

PREMISES TO LET

KOWLOON

----

Вак

AVAILABLE 1st JanuaITY two-badrooned

Kowloon Tal

with garden, Rental

4000 per month buclusive of retes. Respón- able tenant only Box 139, "Clea Mil.

FOR SALE

COLUMBIA COPPERPLATE Copying Pencils, Rad Blue. Green Yellow, Brown, Black $42 Der gros, 64 per Obtainable st

dozes, 40 cents each. "s, C. M. Post,

WORLD RUBBER MARKETS

New York. Dec. 27 The No. Hos rubber futures closed Cortay

50 points lower with sales of two contractes, The December traded at 37.40 cents 6 pound This winds up deal.

nges in the contract

contruct closeri The rex points higher to 25 points lower with sales of 203 contracts.

STAMPS

Jan

37.05

Mar

37 70

STAMP ALDUSIA

"Collection

May

31,00

Builder" Beries. New stock now available. P From South China Morning Post id, Wyndham Street and albury Road, Kowloon,

July

30.47

Sept

Nov

33 35

Jon,

34.25

Standard contract closed

NOTICE TO CONSIGNEES points higher to 20 points lower

"PERKEUN"

with

KI

sales reported.

Mar

MAY

July

Sept

Nov.

ولار

5

LENT

BANK LENT

MORE THAN

for

$500m

Washington, Deo. 27.

The Internationať Bank

Reconstruction MIT Development (the World

richor thi Bank) grew year while (ending largest amount of

In its history.

manity

aro

For 1950 the Bank' calimaled

tannings $48.8 mon compared with $35.8 million in 1955. This raised total bank reserven 10 $253.4 million,

The Balk loaned A record

$607,4

million during the year. This was the first Hrne the $500 million mark was exceeded and the with the previous peak of #406.5 million in 1985.-- China Mall Special.

Lotal compared

London Prices

One of the problems

of the association would be that in a customs union all goods move

within

union and freely

the have

tarif for don common countries outside the union, In quietest the free trade zone all

goods years,

a

move freely inside the zone bul countries in the one keep their own national tarifs for countries outside.

London, Dec. 27. Pikes were firm on the Lon-

Exchange today

market

ነፃ the several

New York Cotton

Futures Slow

New York, Dec. 27. Cotton futures today held on an even keel around the previous close in another session of slow trading.

Year-end adjustments

mill routing

covering, about balanced off spoi selling and realising in nearby months,

FAILS TO RALLY

New York, Dec. 27.

Stocks managed another rather routine ad- yance today which disappointed the experts who had anticipated a last minute spurt in the tradi- tion of previous year-end rallies.

of

the wider moving Packard in the late rush Even in

transactions topped the Isuca the market had an irre- large 33.13

had ist an turnover for the day and gular appearance, Steels

picked up to $7. and non- some strong spots, ferrous melats some soft spots,

lower motors mostly

and chemicals and oils mixed,

and

Dec.

Just

Mar

MAY

house

33.00 NEW ORLEANS Prices of futures closed today

as follows:

Mar

Apot

Miny

July

Oct

Do

Mar.

May

New crop months were rein- Participation ilvely neglected, was restrained in face of un- the with certainties dealing Government support rate nex!! year and operation of the wall: bank programme.

The Producers Apor ation's expressed opposition to the pro- gramme and reportedly advised farmers not to sign up.

reasoned that Other Thalysts while increased payments might remove

4,000,000 as much as neres from the untional acrenge rilotment, ATRAST of the eliminated sercage might be from low-yielding land and that cultivation may be intensified on higher yielding aerorge.

LIVERPOOL

33.97

ad.do

31.12

14.12

3303

31.03

Futura closings, in pence per

b. were as follows:

Qid enstraci

Dec/Jan

Mur., Apr May/June July/Aug Oct/Nov.

New contract

Mar/Apr.

Egyptian

Selling appeared again as the 500- market approached the lovel in the industrial average which repentedly has resisted

penetration in

Many financial

recent week.

lysty

this level must

be overcome

shortly if the market is to prove ita Lanic

strength,

Of

A total 1,218 issuch traded 543 were lower, 405 higher, 278 unchanged. There were 10 at new highs and 1 at new lows.

New York Stock Exchange bond volume was $8,710,000.

Block American

Exchange volume was 1,000,000 shares,

Closing Prices

Alden the Acy

Many

Adica Chamicata

20 70 expect January. traditional time

for reinvestment 20.45

All Chiadiners

of year-end American Airime

20.10 dividends and profits, will wit- 29 30

This feat 25.05

ness

The industrials eased 30 point 27.50 in their average on the Inte 20.90 turndown. Rails held a guin of

60 point and utilities a 02 rise

Trading around recent levels

50.00 totalling 2,420,000 shares against

Wednesday 2,440,000 on W

Dec/Jan

May/Jun

20 32

July/Aug

Oct/Nov.

2015 25.00

Karnak

Nov Dec

SAO PAULO

Future closings, in cruzdros per kilo were as follows; March | May

ed

3040

nts

July October

30,30

point although the latter was well below its early high.

Chrysler fell a point, General

The weekly report on the pro- duver in

loan progromme WILS scheduled for publication after Activity

centred In British the close,

gains Governmenta which had

The certificated stock remained December ranging

1/16 In War

et 2,760 bales, Loon to £5/18 in Railway "" Month

Volume Open interest March three per cent 1 stock.

דוסדיין!

nationalisation

ESCAPE CLAUSES

Experts of the working party, also studied problems of transiti trade logressive dimunition of tariffs towards free trade, escape clauses and agricultural blems.

May

Industrials were sixpence to a shilling with Ford

Motors and several -Royce both up

July

પાન.

Dec

Mar

May

Tulet

points.

Chemicals met strong support and oli shares climbed a little, Suez Canal met profit-taking on immediate of announcement

being salvaging operations undertaken to clear the canal. cased live shillings.-United

Baron Snoy, chairman of the working party, is also chuiriman working party of a six-nation drawing Up proposals for a SIX market between common rountries.-China Mail Special. Presa.

MANDRAKE THE MAGICIAN

I'LL TRY TO FIND

WORSE THAN THAT,

30.00

CONDUCTOR, WE

(SPUTTER)

OUT MORE.

37.03

I HAVE THE MAN WHO JOKESTERS

38.33

| STOLE YOUR CLOTHES/ OR HOLD-

30.38

UP MEN?.

----

35.23

117.

110-110 11835-14234 11134-11234 10014-10

01-03

137-139

after

HEY--MY UNIFORM-I

Dutraged cargo ex bus yesal will

br kurveyed JON Mersis Paulsen & Bayes-Davy Helt s Whoof from

10 1.ba. On January 2 and 3. 1957, and consignees 2 rqramı ta ZAVE Pack representati present during the survey

AUTTERFIELD & SWIRE. Agent"

Hongkong, December 20 100%

NOTICE TO CONSIGNEES

"AUTOLYCUR"

large enter this rel + 18

be murveyed by Mesum Goddard Douglas a fol's Wharf from 10 Am. on January 3 and 4, 1957, and consigneen

requested 10 have their representatives present during the survey.

ano

· DUTTERFIELD & SWIRE, Agents.

Hong Konk, December 21, 1980.

To ADVERTISERS

BUNDAY POST-MERALD Space for commercial advertising should be booked not fatar than noon on Wednesdays.

For the BOUTH CHINA MORNING POST and the CHINA MAIL, 48 hours before date of publication. Special Announcemente and Clamelled Advertise-

mante as usual.

disease, itching

Mitigal

Terminal market

34.75 intercal

divided between final December

11 contract adjustments before expirmion at noon and concern over the political situation in Indonesia. After an initial rise of around 4 cent a pound, the market dipped below the pre- vious close and then steadied on speculative covering and dealer buying The shipment market was mixed Singapore offerings were limited.

Spot No. 1 ss was quoted nt 3712 cents a pound.

SINGAPORE

The market opened steady on overseus advices. Future closings

were: No. $ Tubber

January February

No, a rubber per 1. jan.

No. 3 rubber pes lb. Jan.

No. 4 rubber per lb, Jan. 204-10 Spot rubber unbaled. 11516-1159

Blanke grepe

No. 1 pale crepe

LONDON

The market was quiet steady with spot quoted at 32%

pence.

No. 1 Ras spot ... 3214-03

Seulement house term:

327-33%

thick Jan.

New York Sugar Market

New York. Dec. 27.. World No. 4 sugar futures closed Loday unchanged to 6 podrits highes with sales of 103 contracts.

No. 0 sugar futures closed 2 to 4 points higher.

Unfavourablo reports on pro-i

for the European beet Orop and speculative buying braced the world contact.

Was

• Trade v repóris Inilented Russia find counted on buying about: 200,000 tons of sugar from Polar, but it

bo- leves Poland would not be able to nil the demand. By in- ference, it was felt this might channal sono Russian ~ buying to

or other, world *marketa, *

Contrate No. (world).

4

FERDINAND

JOHNNY HAZARD

ZA TATUMOUSIN SMAKES INTO THE PAMTI

GARAGE OF A SHALL HOUR IN MANHATTAN GAS

•WE ARE HEREL UNLESS SNAP NOSTRILS

IN A MOMENT THE FOLLARE! MEANS WE'RE | BLINDFOLDS CÁN SB / L'ON ONE OF THE FEW..

É A MOMENT WHILE S ALERT CURE HOST TÜZER

Feb.

Mar.

Apr/June

July/Aug.

Oct.Dec.

Jan Feb, Mar

Estate Crepe thin Jan.

General markets, cif basis, port:

مطلاع

NANCY

3274-23

DO YOU

32-3214

AUNT FRITZI --- I SEE WE HAVE NEW

DRAPES

40

fob Cuba) Contract N4. 0.9

March

way.

July Septe

Spot-cents per

PA« LEVERKU GERMANY,

March

May.

LIKE THEM?

ZELENMILL, ME

10.400 300.200

12,000

402,100

1.200

106,000

1,800 144,700

1,300

98,100

100 77,000

1,400 10,000

48.000 1260,000 balez

NEW YORK

Prices of futures closed today

ง

follows:

Spot

Mar

May

July

Oct.

THE PACKAGET I SAW MIK TAKE ITI AND JUMP. OFF THE TRAIN! --HOW~~?

34.00

34.00

39.97

53.71

33.16

ILL ASK THE

QUESTIONS. FIRST TAKE OFF THE UNIFORM!

Amer. & Forgu. Power Aries Meta

Amterone Smetiing

American Tel

American Tob,

Anaconda Copper Armour

Allay Cons. Mining

Baltimore & Ohio Benguet Cune

Bethlehem Stee

Canedion Pacille R.

Chrysler Motors .......

Bethlehem and Lakers spik-Chunx Molybdenum

the siecls with gains over a

39 10 Motors and Ford small fractions 38.20 In

the

Studebaker- motors.

In the US the average spot price Was unavailable. Sales

totalled 29,303 bales-United London Foreign

Prcks..

Exchange Rates

Business was done in the local thin market exchange unoffietai morning at the following rates:- US, dailar (per $1) Sterling notes (per 1) Australian notes iper 211 Indonesian rupiah (per 100; Slem Ucal (per 100) Singapore Straits)

By Lee Falk and Phil Davis

WHO IS THE BRAINS OF YOUR SPY

GANG

SAVE YOUR BREATH!

YOU'LL LEARN

NOTHING

FROM ME.

By Mik

By Ernie Bushmiller

YES---THEY MATCH OUR TELEVISION SCREEN

7.11m

By Frank Bobbins,

ATHER CU MANYAL.

Exchange

London, D. 27.

2.70-3.75-1/16 2.07-0/18-2.07-1/16 10.001-10.004% 140-304-140.40

Closing rutes were; New York Montreal Amsterdam Bruwela Copentingen

6.13 Frankfurt 10.00❘ Oslo 12.64 Parka 16.24 Stockholm 27.00 Zuricit

1.80

1937-19.3014 11.71-11,719 19.02-10.9314 00334-40395 14.451-14.431 13.244-13 24% -United Press.

"There's More Than Magic FRYS

CRYSTALISED

GINGER COVERED IN

FRY'S CHOCOLATE

Couldn't be fresher!

try Libby's

FROZEN PEAS. TODAY

ROWNTREES

SMARTIES

SMARTIES

San Miguel

Colgate-Palmolive Co.

Commercial Credit

Commonwealth Elee. Consolidated Edison

Crane Co.

Cuban Amer Sutar Diamond Alkali Dupont de Nemour

Eastman Kodak

Ford Motor .... General Electric General Foods General Motore Gotty Oll

Glidden Cu, Heyden Chemical Ingersoll-Itand International Nickel Kennecolt Copper Loews Incorp..... Minnesota Mining Mission Development Montgomery Ward National Cash Reg. "A" National Lead

Olin Mathieson Oil Elevators.. Pacifle Gas & Elec. Pan American Airways Paramount Pictures Parke Davin Co. Pittsburgh Plate Glam Hadio Corporation Republic Steel Reynolds Metal Sinclair Oil

Soveny Mobiloll" Bleep Rock (Torontoex.) Standard Branda

Standard Oli of Cal.

Sterling Drug Co.

Stokely Van Camp. Bludebaker-Packard Corp. Bwilt & Co,

Union Carbide

Union Padile Railway United Aircraft U.S. Foll "B" U.S. Gypsum U.S. Rubber 1.5. Smelting

1.8. Steel

Warner Bros.

Westinghouse Electric Woolworth

230

1416

-United Prem,

NEW YEAR HOLIDAYS

London, Dec. 27. New Year holiday arrange- ments are as follows:

December 31, Monday closed all day Ceylon, Pakistan, Japun, the Netherlands, France, Sweden. and Thailand.

United Kingdom Liverpool catton morning session only. Other markets will have normal trading.

Canada: Winnipeg grain ogn change morning mission only. Other markets will have normal trading.

Evasion

United Stator: New York coffer and mugar exchange, New York cocon exchange closed all day. Following markets only: New morning York produce exchange, New York

and New Orleans" cotton exchanges, Chicago Board of. Trade, New York wooltops and grease wool, New York, com». modity

exchange. Olber markets will have normal trad

305 vest

Germany: Hamburg coffee and sugar markels and Bremen

cotton market closed.

all day.

Switzerland! Zurich and

Geneva slotit exchanges closed all day. Other markets will be open for firmal trading,

belgium; Brusela stock exs

closed all day rer Banks and esta changes closed all

All day markets v trading.

will be

"Year

open

"Other

for normal

Day: January

All principal world-

** will be closed with

the exception of - Bombay ex changes and bullion and Libina don Etočic Exoliange," förel exchanges and billion

China MalESPOSIEL

NAME

ted Pres.