1957-01-24 — Page 9

THE CHINA MAIL, THURSDAY, JANUARY 24, 1957.

U. Page

{

TRADE and COMMERCE SECTION

New York Cotton

PARIS FAIR Egyptian Economic Plan HONGKONG Futures Trading

TO BE HELD

NEXT MAY

Paris, Jan. 23.

A record number of more than 13,000 exhibi- tors from 40 countries will take in this year's Parla fair to be held from May 26 to Juno 10.

In-

The French nationalised dustries gas, coal electricity, und

to atomic energy — are

concerted atuge n

display of French power resources,

In the international section, n United States "atoms for place” exhibition will occupy separate pavillon, while marut o delling rigs and a wide range of Halian and Viet- namese proiicts will Occupy national pavillons.

1

Big Spending

By Canada

Oltowa, Jan. 23,

A near retord spending by the Government during Cartscan the coming firent year was in- dicated

In iis

main 1957/58 estimates tabled in the House of Commons,

of

The Finance Minister called on

on outlay Ru-Parliament for

$5,220,186,000. The all time re- eord for Federal spending was $5,422 million in the 1043/44 wür

The other foreign exhibitors, cany, the

including West

East German Chamber of Com- merce, Orerer, Hungary, Mexi co, Poland, Sweden, Czecho- slovakia anch Urukuay will show in the main exhibition hall. Bel кішп

Luxembourg and the Netherlands are sharing a Joint

Benelux" stand.

The Parls

sponsored Jointly by the City's municipe- Iity and the Paris Chamber

oi Commerce-China Mail Special.

fair la

Exchange Rates

Buds was done in the local tomicial exchange sparkei lfi sworning at the following ratente

Us. dolar (per 11).

Veur

The peacetime high was

$4,705,536,000 for the feat your ending lust March. China Mail

Special.

Manganese Concession

New York, Jan, 23. Vanadium Corp. of America has been granted a large addi- tional manganese concession in Northern Rhodesin, it was un- nounced today.

i

Arch

407

Sterling nules per £1).

16 10

Australian nates (por C

1360

indonesian rupiah (per 100)

10.EKJ

Siam fical (per 105

27.03

Singapore Strait

1 80

The concession, to be known as the Chili Enst Manganese comprises about

2,480 square miles and is located near the 200-square-mile manganese

oneession

by purchased Vanadium in September 1955..... Unlled Press.

WALL STREET

OUT

WIPES EARLY LOSSES

New York, Jan. 23. Stocks managed further improvements which erased the final traces of Monday's loss but, except for special groups and issues, the gains were far from spectacular.

The market took in its siride President Elsenbower's economie report is about what had been expected, anticipating continuing prosperity but warning of un- certainties of the International situation, pressure of coste and and prices and the nwney market.

In the main, trading was routine except for a few select- ed Issues such as Peoples Gas whose 7-point spurt to $178 helped lift utiles .68 point on average to their best level since August 17.

Industrials as a group average- ed 2,44 points gain. Gains of a polut or more

appearing in American Smelting, Bethlehem Steel, Eastman Kodak, Du Pont, John-Manville, Standard

of California.

Shipbuilding

Shipbuilding shares continued

to meet demand with gains of around 2 points in American und New York, over a point in Newport News and Bath Iron Works

Motors were firm, Most steels also wore

firm.

Case (J. 1.) Co.

Cat Tractor

Celatiere Corp

c. 7. T. Financial Corp. Chase Manat, Bank Chrysler Motors Cha Molybdenum

Cheate-Puttollve Co.

Commercial Credit

Omuronwealth Elec.

Colidated Edison Continental Oil of Del,

Chune Co........ Crown Zellerbach Cuban Amer Dirmond Alkail

Sugar

Dow Chemicals Dupont de Nemours Eastman Kodak Family Finance Com. Ford Motor

General Electric General Foods

Gmieral Motors

Gich. Pub, D.

Getty Oll

Glidden Co

Inland Steel Co

Int'l Business Machines Int'l HarveBLETE Internationa) Nickel International Paper Int'l Tel Tel John-Manville Ce. Kansas C. Power & Light Kenhreat! Copper

Liggeli Meyers Tob, Co. Lockheed Alremit

A number of Loews Incorp.

specials rose around 2 points or Lone Star Cement Co.

Couisville & Nashville R.

more-American Sugar Rein-Lowenstein & Sons,

National Supply,

the

Beester,

10

100%

404

6512

47

4014

Outlined FBI REGISTER

GOVERNMENT

WILL DIRECT

PRIVATE ASPECTS

PUBLISHED

FOR 1957

"FBI

STOCK EXCHANGE

(From Our Correspondent)

Stock

and

Business done on the Hong kong

Exchange this morning amounted 10 ap proximately quotations transactions:

whares Buyers Sellers Bales GOVT. LOANS

(1963) 8712 FC Bank

Wheelock

Register of British Manufacturers 1957," 29th

Edition. Published November 1956, 35 For Cairo, Jan. 23.

the Federation of NKS British Industries by SliPPING The tasks of the new Egyptian Rolly's Directories D

andpocks, ETC. planning authorities, the Supreme Council Limited, and fliffe

K. Wharf for National Planning and the National Sons Limited, Dorset Dock

Provident House, Stamford Street, O Planning Committee, have now been London, SE1. Publication LAND ETC.

price 42 (post free). Size outlined by Cairo radio.

91⁄2" x 72". 1,124 pages. Bound full cloth.

WORLD RUBBER MARKETS

"The Supreme Council for National Planning will be con- with setting down the med Stute's economic and social ob- jective, and upproving the plan for economie promotion in its various stages. Each stage of the national plan will includo a group of mreille projects and programmes which will require a fix

fixed number

of years to complete. These stages will be

New York, Jan. 23. divided into

plans Annual

The rex contract today closed which will show the State's

eurees, the manner of their 45 to 100 points. utilisation.

the means of execution, and the programmes May Ind projects which may be July nicoded in directing the pro-September

the Kress of

This November

January counel will remplace the Plan- ning Committer

economy

January

March

"So for the general outline of the

hos plan

been set down

In the July

31.40 31 30-30

30.05

30 35-40

30.00

20.76 20 33

31,40

30.03

20.40

30.00

29.75

20,33

Remains Quiet

New York, Jah, 23, Cotton futures today held on an event keel around the previous closing levels in another quiet session,

In

$274,000. Noom Foreign commission house March partially the morning's | selling

against purchases or March and May, supplemented some March spot house buying in against sales of May, supposedly 875 for mill transferring.

Closing at note of Armes, the list ruled unchanged to 9 points higher. Opening prices were of 2 to up U points. Nearby March reached 34.54 cents

the close, setting on

May also

50.000

1028

1.70

DX

6.30 3000 0.73

го

13.10 13 100 @ 13.20 now seasonal

14.00

10

200

500

Rently

RUBBER

0316 IM 18.20 1.321

Amal

in the

Trust

1.50 1.321 1.00

UTILITIES

Tram

HK Hotel..

HK Land Humphreya".

high

4

reached a new peak at 34,55 conta a pound. New Orleans closed unchanged to up 3 points,

New outside

speculative

Interest remained dormant

July/Aug. Oct/Nav

New contraCI

Mar/Apr.

May/June

July/Aug

Dot/Nov

Dec/Jan.

Egyptian Karnak Jan/Feb,

SAO PAULO

Future closings, in cruzalnos per kilo ware as follows:

Feb.

Star.

MAY

July

Oct.

Dec.

In the price Was botalledt and Press.

Traders were more interested the stock market action 23 23.40 200 23.20 Auctuations in other commodi- 102 101 100 103

Lies

pending new

incentives 23.20 2330

2700 23.20 directly affecting cotton, like the

31 31

1107 31

24.10 24.30 500

24.30 interim loan rate and congres- 2015 300 23.40 slonal developments on form

Elocirle

goods.

Tel. (0)

Tel (N)

of

INDUSTRIALS

Cement

3815 12.00

30

100

"One esential factur increase of Britain's inter- national trade is the dissemina- Youmati tion of the widest possible, C. Light (0) knowledge of the range British manufactured This 题 constant concern the Federation of British In- dustries, and the publication of the FBI

Register, now in its 29th edition, is one of the ways in which it seeks to help British manufacturers to sell Their goods."

In these words the President

of the Federation of British - Sir Graham Haymun dustries,

of introduces the 1957 edition the FBI Register. This com prehensive and accurate guide to a substantial cross section of

the British industry lists ducts and services of over 7,000 member firms under more than 5,400 alphabetical headings.

pro-

Rope STORES, ETC. Dairy COTTONS Nanyang

Watson

30% legislation.

Other quatters felt the actual

And

US the

Katiqlalaki

38.80

average spot 93,46 corts Sales 23,344 bales--United

NAMESAKES

Answers:-1 Horses, 2 Denti-

som Ouding factors had been stry, 3 Cireult, 4 Victorious, 6

15.30 13.40 300 a 18.40 and 13,70 14.10

7.00

CHICAGO GRAIN

PRICES

Chicago, Jon. 23. Wheat closed up 4 to cents; soybeans up 4 to 4 cent. Prices, all in cents per bushel, were as follows:

The standard contract closed 45 to 80 poin's higher with no sales reported. March May work has begu

September five-year plan in various public November

ad private

aspects. The JanuaTY Government will take over the Steadier ruling of the terminal Public aspects. In the private market was considered primarily aspects the government's role # technical rebound following

In addition to the will hone of guidance, to the recent stump to seasonal safeguard the people's general low prices, but some technicians Buyers Guide there are seven Mother sections in the Register, Interests, by studying the pro- were unimpressed, particularly

of Companies ry giving addresses jrets and assisting in financing the coterie which expected cur- and Firms, and valuable in-

rent levels To attract a much formation about Trade Associa- Corn, No. 2, yellow them."

broader consumer demand. One

trade tions, proprietary names, commentator thought prices

marks, etc. A feature providing eventually, will approach the 26

a useful reference for buyers cent level.

not fully convenant with Bri- tish product terms, is the French, These give translations of every German and Spanish glossaries,

product term used in main

the buyers' guide, each being num- bered for easy reference tween the English headings and their transitions.

Promote Economy

Small sales to consumers in- cluded

zome

March delivery bark at 25% cents a pound. Spot | No. 1 Iss was quoted nominally

at 31 cents.

SINGAPORE

"A law was promulgated on January 13 for the creation of ht economic establishment Intended [v

the promote national resnomy through rom- mercial, industrial, agricultural and financial ectivity. The estab- bment will act for the Govern. ment a stalding and supervising public establishments in a men- per ensuring the interests of the

In the afternoon national tronomy, and in laying down the programmes which will ensure the regulation of

participation

45

12214

314

54

247%

E

government

រ

tions. The

BC

public and private

BB

4211

455%

of its funclu. ment's

in

catablishment

crganish

will

"Thin

also set down a policy for the investovní

management and

establish capital consists of 4614 Government's share in The joint-stock companies

ان

The market opened easier on advlees disappointing overseas but steadied surply

on short covering.

was business.

Irregular

Spot

Mar.

May

July

Sept.

Nov.

Ryo

2443-4512

Cxplored and that entirely

new influences will have to materialise to get the market

out of the recent trading rul

In the President's economic nus age

to Congress, interest centred on the disclosure that Agriculture

Secretary Mr Benson is Investigating possible; revisions in the parity formula. The present formula, the Presl dent said, is clearly out of line by any economic standard.

Open March contracts at the start of trading today totalled 242,500 bales, First notice day will be February 21. The eeril- fcated stuck remained at 2,984 bales.

Volume Open interest

8,000

22,000 1,122,100 Bates

NEW YORK

Prices of futures closed toxiny

7 OTHER SECTIONS

Wheat, No. 2, red

Classlied

Spot

Mar. 241141) 2402(2) 241-3 May July

Month

Sept.

2724%

Mor.

242,500

May

Nov.

235

6,700 415,100

July

1.000 157,400

Oct.

2,000 148,700

Dec.

2,400 103,100

Mar.

1800

35,400

13045

May

100

20.100

134-135

July

100

1,000

1382

Total

10036

1334

as follows:

Mar

14814

bc-

131

Spot

May

Mar.

May

Osts

July

Oct.

As the only authorised dir- ccttry

Federation of the

Mar

Dec.

May

Mar.

of

May

July

2324

29-414-252

by by colla-

May -July

2541-

Prices of futures closed today

2011.

Sept. Nov.

Barley

Spot

241

as follows:

2354

Spot

Mar.

May

July

130-140/

ક્ત

Dec.

New York flour

Mar.

May

July

$13,401

United Press,

the market British Industries-the largest Baybeans, No. 2, yellow

little and most influential association

Spot

with

There was some factory in- terest with more enquiries for lower gracies. Futures; No. 1 rubber per lb. Feb.

the

No.

No. 2 rubber per ih. Feti NO.

Mar

00%-DIA BR-RO 0716-82

54-85

821-Ba

Spot rubber untated Blanket crepe

951-00

75-77 103-107

the capital of public induses

No. I pale crepe...

LONDON

The market was steadier with spot at 20 A pence per lb. Prices:

of British manufacturers-the Mar. FBI

to complied Register s the publishers in close boration with the Federation. It is in constant use by importers,

Trade Commissioner buyers, Chambers of Commerce,

Com- Altaches, Reference mercial Libraries, Departments of Trade and Industry etc., throughout the world,

Singapore

Stock Market

Singapore, Jan. 24,

Datu Lintang Rubber Co. Ltd. $1,02 British Borneo Petroleum

100 ib. sack

WINNIPEG GRAIN PRICES

Winnipeg, Jon, 23. Prices of grain futures closed today in cents per bushel as follows:

Oli

Goodrich 10. F.) Co.

70

Goodyear Tro

pand in 702

Heyden Chemical

14

establishments whose

Hommake Mining Co.

37EP

include commercial,

Ingersoll-Hand

1

agricultural arid agrarian

611

activity. An order will

be

37%

10

Issued by the President of the

1014

ment's capital

Republic fixing

the establish-

No. 1 Ran opot ...

Settlement house term:"

2012-2011

Feb.

2014-20‡a

472

1105%

0745

2116

work.

301

"To achieve its objectives the establishment may, set up com- mercial, Anuncial, Industrial, agricultural or

com- agrarian pantes or organisations. It may

Feb. Also contract Toons from the Mar. BIG Government or banks, end issue Estate erepe thin Feb.

bonds to obtain the funds re- quired for its also establish joint-stock com- panies.

Mar.

July/Sept. Oct./Dec.

Apri/June

2014-201 20-2615

Oats

MAY

254-25%

Jan.

General markets, eit basis, ports:

20-2014 2572-2015 2534-201

Brokera Lodiny

quoted following stock prices:

the

July

Ool

Ryo

Opening

May

July

It may

thick Feb.

AMSTERDAM

2014 31

Syndicate

51/04

Oct.

1341

Consolidated

Singltern Tin

Barley

Oni.

30/03

May

10414

The

Fraser & Neave Lid. Ord merket was steady, Fraser & Neave 7% cum.

pref. Prices closed today in gullders demmons (Malayn) Limited $2.06 per kilogram, cif" February as Hongkong & Shanghai Banking

$2.35

July Oct.

10136

21.00

Flaxseed

MAY July

30046

300

follows:

No, rubber

2.54 buyers Kempas Ltd.

Corp. 2.30 buyers tangkong Tin Lid

$370*

Oct.

20013

B/9d

Wheat closed at 161 cents for

$1.30

No. 3 rubber

2.50 buyers

Lunas Rubber Estates

0.00

No. I crepe

2.05 buyers

Malayan Breweries .....

Unlied Press.

$2.00

United Prein.

New Serandna Rubber Co.

Jald.

pillars

of

Puling Tin Ltd.

Raffles Hotel

$1,36

Singapore Cold Storage

$1.03

$32.50

$20.70

20.10

11.40

Copper Merals Iran com.

0. A.

Minnesota Mining Stores, Coter Misic Development

Monsanto Chemical Co.

Sengrave,

Smith, Safeway

piller Tractor, General Portland Montgomery Ward

Cement, Zenith,

Motorola e, poke Nasional Cash Reg. "A"

Of a total 1,100 haues appear-National Dairy Prod. Ing, 910 were gtr, 201 lower, National Lead

unchanged with 10 at newNational Steel Corp.

New York Central Olin Mathieson

247

high, 11 at new lows.

New York Slode Exchange Otis Elevators bond volume was $4,050,000. Owen-Illinois Glase

Amet lean

Pactile Gas & Eleo.

Stock Exchange Pan American Airways volume was 850,000 shareR,

Paramount Pictures

Dow-Jones closing averages Parke Davis Co.

were:

30 indirimis

20 talle

10 tilltin

03 slocks

40 bonds

Comari. future price index

Comni, spol prics index Moody's Index

Closing Prices

Akten Inc. Aey. Killed Chemicals Allied Milk the.

All Chalovers

American Airline

Am. Cable de Radio Chep.

American Cyanamide Cô

Am. & Forgn. Power

Am. Mácti & F'dry,

Ainerinan Melat

Anterlean Smelting

Am. Sugar Ref.

American Tel &

American Ind., "D"

Anaconda Coppar

Armed Steel

Artpour

Alan Cont. Mining

twin-Lima-Flom. Pitimore & Ohio Bendix Aviation Corp.

Hengst, Cona.

Bethlehem Bizet

Boeing Airplane

Borden (The) Co.

| Burroughs Adil Machine

Canadian Pacifs. M. ....

Penny J. C. Co, Penn. Ball Co.

470.03 Phillp Morris

150.17 Procter & Gamble Co.

10 29 Pittsburgh Plate Giang

170.12 Publicker Industries

90.11 Pure O****** Radio Corporation 160.33 103.35 Republic Steel, 4300 Heynolds Matal

$191

321

30xd

Shell Oil Co.

Saint Reg. Paper

Sinclair Ol

Socony Mobijoll

Bouth Puerto Rico Bugar

Bouthern National Gar

Southern Hallway (Com.)

Bleep Rock (Toranicex.)

3415 Standard Branda.

11 Standard Oil of Cal.'

154

33

Standard Oll of Ind.

$16ndard Ol of NJ

Storting Drug Co.

Stockeiy-Van Catnip.

273% Studebaker-Packard Corp.

Bwift de Co....

3514

Texas Co......

17123

Twenty Century Fox Film Union Carbide ............

Union Paolo Ballway

United Aircraft

U.S. "13"

AUB Clypeum

145 | UB, Line co. 11.1 11.8, Bubber, e 03%) 128. Fe

1000] Warner Bros.

Westinghouse Electric West Va. Pulp & Paper Woolworth

30

Implement Provisions

"This establishment has been implement the created

to

45 economie provisions of the part 17% of the constitution dealing with

the fundamental

2014

404

714 society. This will bring about the public undertaken

No. 2 rubber

AS harmony betweer London Motor

4244 | economic activity

by the

Government and the

private economic activity of

ant

во

41

will carry out

the programin

al

0121

34

Individuals. This organisation

to be approved by the

ment in the national planning

43 programme for the first ive years 28 far as privato capital is con- cerned, and will see to the pro- participation in the 401 glamme's

implementation of the economie promotion plan."-China Mall Special,

1

Stocks Rise

to

London, Jan. 23. Prices continued favour_the upside on the Stock Exchange today in quiet trading.

South British murance

Ltd.

Straits Trading

Steamship

United Engineers Ord, Wearne Brow

13.03 amily-China Mail Special.

London Foreign

Exchange

2.7912-2.70 15/10 2.080/16-3.50 15/16 10.00 3/7-10.47 19.30 -10.401 11.74 6-11.74

DUST-48032

No. 3, and 140 cents for No. 5.

New York Sugar Market

New York, Jan. 23. Work No. 4 sugar futures closed unchanged to B points lower.

Domestic No. 6 sugar futures closed 2 to 6 points lower.

Activity stackened in both marlucta de traders awalted raw market developments while they consolidated market positions following the recerii serien of

wide

advances art declines. Futures:

Contract No. 4 (world)

Mar. May

14.50 41-14.50% 18.27-12137

Ju

Supt.

United Premi

Mar.

MAY

London, Jan. 23. Closing rates were: Ford Motor and Rolls-Royco

New York Montreal Amsterdam rose che shilling, sixpence, and Woolworth one "shilling, throe- Copenhagen prince, while most other bitin Frankfurt Bom, Jan. 23.

Paria West Germany's export sur chips moved up from sixpence Alockholm

Zurich to a shilling. pins which rose to almost 2,900

however, droppietă | Obere were unchanged million marks last year, was

thele shillings, whils moro

than double the 1955 overni

polition! counterpart, Buc ngures, according to the dovert-Coal, held unchanged. Mant's Office of Sindlatice.

Foreign bonds were mixed. Among the German Export incrcct to 80,654 Dawn Loun not-assented top

BRICE, million indrider in 1980 nom pod £1, and the Young Loa 28,717 millon marks in 1958 and and seven per cont, Foasts tell. Imports rose to 17,901 billion 21. Japanese non-asenied' marks from 24472 million 1010s and 1924s moved tip marka.~China Mall Spacial. £ ---United From:

New York Foreign

Exchange

NEW ORLEANS

LIVERPOOL

Futures closings, in

per lb, were as follows: Old contract

Mar/Apr. May/June

14.000

34,54

34.53

3422

33.00

74.43

54.02

223

34.40

pence

Cylinder, 6 Fenarl, 7 Engine, G Jaguar. 0 Mesorali, 10 Good- wood. 11 Mercedes, 12 SHI,

Stirling Mega,

Whorover

you'ro golaÿ»»«

EUROPE

USA

ORIENT

ROUND

THE

WORLD'

You can fly there où the world's most oxperienced airline

For reservations, call your travel agent se Alexandra House, Phone 37031, Hong Kong

Peninsula Hotel,

Phone 64005, Kowloom

Pan Anarioak World Always, Int., Balnépieračná ta the State of Ham Tark, Col. 2, with Metal Mobily

*** PAN AMERICAN

EXPRESS ANNUAL

'

130 0.30-33

* 031

0.31-73

0.10 06

6.44

from

Spot price itcenta,per. i. Contract No. 13 (doen

May

July

. New Yothin 2.

-Hegit..

Closing rates were:

Portal

**10: 1.04 7/82

173 contracte.

Spot

2.00 odletal

United P.

Canadia

conta per :i

United Press.

$10

South China Morning Post Ltd.

HONG KONG & KOWLOON