Gilts And Golds Set Pace After Holiday
From Our Own Correspondent
London, Aug. 8.
Following the August Bank holiday business or the London Stock Exchange resumed in a really buoyant fashion. It was up and up for nearly all sections with gilts and golds setting the pace.
Favourable trading news and a good showing of July gold reserve figures assisted the upward swing.
The Financial Times Government securities and industrial ordinary indices by Thursday's close had reathed new peaks at 108.17 and 163.1 respectively.
Turnover in British funds was heavy. British Electric 4 per cent 1974-79 gained 1 125 dm the week to finish at CHI 13s 01, while War Lean 3's per rent closed at 291 11s 30, rise of 1 6 3d.
24
Business done on the Hong- kong
Stock
Exchange this morning mounted to $383.814. Noon quotations und the
On Friday profit takers moved morning's transactions:
Info gilts but depressed prices SHARES AUYERS BELLERS SALES by only 5s in places,
BANKR
ICK Bank .. 10:05 1700
INSURANCES
Union
Underwriter 15
SLUPPING
DOCKS, ETC
#90
101603
The market highlight was 30 1680 Anglo-Iraniana, which jumped 10 1685 over £2 following the on-
Waterboat
20
Asiq Nav
1300 950
K. What
Dock
18.30 Provident (0) 12:20 Wheelock .. 735
13
1200 a 740
LAND, ETC
Ik Hotel
HK Land
Shm Land
NEW YORK
STOCK
MARKET
New York. Aug. 8.
The stock market touched off
year.
nouncement of the Persian oil en Friday the secourt sharpest settlement, finishing the week market break of the ni C15 Is 3d and adding more having the market valuo than £40 million to the market heavily
directory of value of the shares. Burmat Chrysler announced lower Oil also advanced by 11s fd to carnings for the first half of the B25,
yeur and halved the dividend
INSURANCE
when
for the period,
'for
1
It had been a bullish market Banks and insurance shares the arly part of the week followed the lead of the glits until the sharp bresk on Fel- .. 10 do 10 70 1000 a 10.30 Alliance Assurance's announce- Į day, and the strengh in the 1000 10.60 ment of a capital reconstruction rails mid aircrafts and pushed 2000 10.719
new quarter-century Thighs in active trading,
Profit-taking ha Foreign bands, however. lock market into a
hectic Fell- were neglected except German ng wave on Wednesday, but the
eased issues which
reflecting
which
lifted wage demands and labour un-
prices to quarter-century night certainties in Germany.
Stores shared in the highlight held frm in that session. activity. Great Universal Stores
50
4000 1
cat scheine prompted
Shares to £34.
£
24 rise in stocks
19 10 70
2.30 2.10
20
Humphreys Realty
UTILITIES
Tram XB 19 60 Star Ferry
XD
129 Youmall ferry is 150 439 145
10) 15.90 18.20
finished the week 3s 0d higher
Industrials
put
had
VIOLENT REACTION
thr
Chrysler, in violent reaction to
1813 at 92s Dd after having reached the lower carnings report and 60023 09s 411⁄2d in midweek following an dividend cut which came after
200. 149
C. Light C. Light N Electric
13 13.20
33 31% 2108 3
༣
....
Macao Eice. }} Telephone fa 28 300 a 21.00 INDUSTRIALS
Cement .... 24.70 25 2500 24.00 Rope
181⁄2 STORES.
ETC.
25.00 20.10 300 a 25.90 Dairy Watson
16.00 (N) 15.80
24 1000 23.80 5.70 $.05 4.05 4.071 40034.09 2000 4.05 1730 M
It attributed this to the unt. Crawford favourable trend in new busi- MISCELLANEOUS
Yangirze ness since last spring and to Alted anticipation of possible reduced International competition for available wool supplics.
However, the Burenu said, the world's supply of wool now is
close on Thursday,
announcement of an Increase of the market
2017,000 in the net profits of slumped 54 pomis with tran- the group to £1,709,023,
saction ictalling 105.000, shpres 让门 Pritey.
TOBACCOS
Tobaccos advanced under the
The
Together
tecline on
Friday,
with milder tosses in
lead of Imperial Tobacco which the previous two sessions, erased hardened to 54s 6d and British gains of the past two weeks,
Financial quarters saw in the American Tobacco which closed
Wednesday anty as 419 d as the cancer Beard selling on
normal correction after days of receded and in recognition
rising prices, and pointed out to their high yields,
the substantial recovery as an
of
Breweries were marked by a
ย
6s rise in Scottish Brewers to fudication of the market's basic
that being sought by more countries Singapore Rubber 908 6d. reflecting the Company's strength.
ter car bearing an Mouls busincs dealings and W. Germany Builds Ships
ordered
ran
uy
leave 10
the
concluded,
For
Russia
12
"being spread more
Arm
Market
for
and
cord.
Volume,
activity
in
swelled by heavy
Issues
kuch
AS
good earnings and growth
The feature of
Fairchild the Kame Curtiss-Wright, the market wyns
Free Statc
General Engine,
Dynamics, Geduld which jumped 10s over Southern Pacific, Boning and the week Bnishing at £1 is 3d. others, totalled the week 10,- with Tens showed useful gains with 211,000 shares compared
jumping 48 13,049,021 a week ago. There Empire of India and Imperial Tea at 2′′ Ed: to had been three days in succes- nf over 3,000,000-share finish the week at 228 94 and lon 30s respectively.
activity on the New York Ex change-United Press,
LONDON WOOL TOPS MARKET
Lendon, Aug., 8. London's wool tops futures market which was one year old ca April 5 has enjoyed a fairly phenomenal growth and hopes to overtake, In the not too die- tant future, the volume of busi- ress one on the much ma:kel
York. New ket in Actually the London
Studebaker
May Have To Close
Studebake
older
market
Between
and fifteen Swedish Technicians will be sent to the Philippines for this job, two being already there, while about 400 local workers will be employed. It is expected warned
the work will be performed by and is others whe
meuns cf th: Swelsh tunnelling Marqula invita-
ing eventy method
Atlas using
Diesel
mis
should give pause for well-known and should also light-weight pneumatic drilling thought for those who, by past machines and Swedish ceraented experience, have postponed pur-
Singapore, Aug. 8.. The Singapore rubber, market chases during a highly competă“ tive search in the expectation of opened a little better on poli- subsequent weaker price tical influence after the August bank holidays but business was added.
The Bureau noted that world mainly confined to the adjust
of the current month supplies for the 1953-54 season ment
positions. cro citimate at 2,009,000,000
The weekly market report of pounds, clean basis, against
brokering 2,779,000,000 pounds in 1952-53. the lending rubber
Bath of Holiday Cutier AUSTRALIAN CLIP The Australian wool clip is and Company Limited suys the
offtake
overseas markets likely
to be maler than last
and smatt
London a vast cloud of allegations, sup- pelice as collaborator, they the Marquis had failed to pay.
season's which would tend to be was very
and New York appeared com- positions, hints and suggestions wore
bum But the Minister atided that
pletely an inflationary market factor.
disinterested fording which has lapped at several of alone because he was "guaran- he had Trat
Bonn, Aug. B. round during his
With world trade stocks on
down until Thursday prices A cable from Moscow to the the low side and no abnormal when there was quite a sharp Italy's chief statesmen.
teed by highly placed perrans." enquiry
that the Day proof It gave rise to two enquiries;
German Howaldt Ship-building
in the Minister said, the Marquis Later,
had been directly
eight, such as carryovers
drop on liquidation from the n routine judicial en Marquis became Intimate
America Jast season, Federation centres. wil helped in his business dealings Company at Kiel-owned by a
There was quiry into the death of the girl, highly-placed Allied officers by any of the Minister or high chancellor Adenauer's Govern "consumption must neccesarily also little factory interest and
ment-reported that the Rus- Wilma Montest; the recond, an "for hunting reaans" (waves officials whom he knew.
another adjust itself to the lower supply the trade were
reluctant sup South Bend, Indiana, Aug. B. sions have administrative
"I believe," enquiry by one of laughter in the Chamber.)
ordered
portera even at lower level. of the most eminent men in the
The Minister
14 "floating fish factories" from situation," the Bureau sold. explained that "that this cars should induce the
Corporation an- to possible de-
HIGH GRADES In contrast to the Germont. This brings to
that it will be more
in the single month of January present Italian government, the Marquis
a shooting organs of the administration and
business than New 24 the number of these special elining consumption in Western
The report adds that there has nounced today Signor Raffaele de Caro, 72- estate by the rea near Rome, on politicians to exercise more
it added, a gain in been seme buying of high grades forced to break off its contract varit but in the main its volume will Europe, ships which the Kremlin
with the of the Italian the
Congress of Indus- beach bordering which rigorous care in their personal
Europe 10 buy from the Howaldt works in consumption is anticipated befor shipment
has ranged between 12 per cent trialisations of United have also
Auto Wilma Montèti's body was later relations in ceder
prevent barter
which the hind the Iron Curtain in efforts Australia
and Japan
and 30 deal in
per cent of New York. found. An initial
police men of dubtas morally from
Russians will deliver oll, wood to super, gonds expansion of been moderato customers for low and throw 11,000 persons out of passed the combined total of Investigation of her death cen-profiting from these relations."
consumer
Roubaix and metal ores.
the
and Antwerp particular The Bureau said the seven In answer to questions about The judicial enquiry, con- eluted that she had died by
members markets last July and has re- Arrivals
from neighbouring work allegations of
trafficking ducted in secret by a tighilipped accident while paddling alone,
drug
mained ahead of them ever since. lending wool consuming couna Indonesia and Borneo were still taite a pay cut. tries United Kingdom, United The Raffaele Sepe, magistrale, Dr
In- and of murder, the Minister sald present Judicial
reported be below normal
Its first year of legal existence The Company served a G0-day Italy, Japan, and local packers State, France, promes to
into the vestigation
ordered after that those were still the sub-
were anding contract terminatica
notice out which, as stated, ended on April He enquity. autumn.
allegations in court that she had fect of judicisi
Belgium and Germany it increasingly dificult to keep the UAW and officials said they 5, 1954, actually contained on that the Government Hundreds of people have been died in an "orgy" on the shoot added
taking a smaller share of total their employees working full had "no other course to take 30 weeks of trading; the latter. could not antwer questions on
This reflects
time. can process, cook and can the wool trade. summoned to his offer to give ing estate.
industrialisation In
unions members began on. April 28, 1953. that among those at the "orgy"
The report says the month of overriding recommendations of
Tumover in this period was evidenes, in private,
Many of them, before being in Plero
were the
his hart been formally Marquis and
completed, at sea.
10,951 cther countries United Press.
August is usually a poor buying that: Itaders-ejected
contracts, representing Piccinul, son of either by a trial or by a finding
month and ahy salback at pre-cut which has
been designed 40.01 contracts per working day. evidence to the newspapers, the present Italian Fortiga that the allegations Were un-
founded.
thill that the first up, wiBank Of England
contracts averaged 76 Stock price for a good story by Minister.
seriously.
Ing compétitive position. Оло woman, who pubilely
Statistically, the report says, someone claiming to know some
per day, be Only yesterday, the Company the position continues to
What pleases the market most about the death pl Wilms claimed to have seen the Marquis thing Montest or about the other chin and Piccioni Joy Wilma's body
Found and renewed buying by reported a not loss cf 32,494,129 is that it is used almost solely Lòndbh, Aug. 8. The Minister's sport was
The Ge for the
hedging Arst quarter ended for
purposes, figures in the scandal, has so far on the beach where it was later
The Bank of England state-consuming countries may Teen 250.000 lire (145), rising found, is now in prison changed greeted with a storm of briticism
June 30 and a loss of 38,926,800 turnover for the first year, in The best order, for ten ships, ment for the week ended Aug. expected soon, from the Communists and their worth double for real with false testimony.
for the first six months of 1954. terms of wool tops, was 54,783, £7,800,000,
SYNTHETICS had been 4, reads as follows: the right wing
1000 lbr.
ncturi of topa bist signed by the Soviet shing
sterling A proposal to bulid a plant in
REJECTED used the shooting estate Opposition parties, which claim-
Note in circulation 2............. 171597tto France for the production of
dilivery was demanded on ended in to make friends with importanted that it rdded nothing to what officials in January this year.
29.401.52 their atcelos have
The dermans wanted u
the 101 contracts, representing onl Large
caused 1345.00 Lynthetic butyl rubber
Union Tenders Joined Private deposits
305,000 lbs. of prison, charged with the legal politicians and businessmen. He had filed Italian Hewspapers for
tops or leas move urging (PARA goods Government securities quantity of
anxiety the barier
A71311.629 somb
among local | Company in a ilated, among équivalent of lying.
who attended months.
10,401,792 | traders. The reprit points out, workers to agree to a wage than one per cont of the total. for the 14 ships to be nickel other securities
however, that France for some reduction of 10 to 15 per cent This should reassure Bradford, Bradford denim in Galeazzi from Parlia Professor sirong pressure
Niccardo
w to cover up father than to the answeroport Hau
United Fremme hins been using about ten 10-help Studebaker get on its fell; nd to be hesitant personal physician to Pupu expore. eni, tus already reported part
only for Im top not lons n ranks ad because Alckol
'BANK OF FRANCE. Eat newtpapers supporting the openia and nur dy caminis pan Sur, Attilio Pleciont, how
year of Im- feet. thousand
mediate delivery but for future EAST
STATEMENT strifugio Cavernment, declared that the
The proposal was rejected delivery and has little to fear To
The Bank of Franen statement therefore, the And the Rosalons Wanted the
overwhelmingly at a meeting from a purely hedging market. report PODORAL abnational disclosures, theimer Minister and former enough to alarm bugle, and ships to have radar equipment for the work ended July 2, to
may
"United Press,'' - ต great extent th Turm, own!
conserve on Thursday tight, Minister read a 40-page reses-Secretary of the Christian
Stampa of barty
In Salvatore by the great Fiat Indusifia ghal which the Cermane tunnet de rows of followan
addition to which contred on the ex Democrat port
the 11,000 PET SPORT ♥ and it will be expense, of th19 the Alilo, a former Minister and financial complex wild that the liver due to a Western einblarga Tolt kold hóklínés
workers here, Studebaker on Exchange Rates carter
Industry, ploys a total of 1,000 in plan Upo, Montagnin
premincht Damstra, G. FiNS MATERIÍ, Z portrait of that shady. Montes!
Et, Lou Angeles, Chiengo, Ham Christian Democrat which people like
Inst
summoned, have sold their
to as much as sensation.
was
The Bussian, orders represent a total value of £17,800,000 and will employ the huge shipyard's full capacity for well over
The "doating ish factories" Witnesses alleged se subjects until the thquiry i catches of entire flihing flects creasing
year.
Some of those who have soldį Mar de Caro said that the ailes and frem
those
But Signor de Caro, under the Marquis entertaintments, They declared that its aim
trative aspects at the scandal, harbigh
Mink
Glisseppe
of Howaldt's
A spokesinan
delivered to the January 1935, and the rest by the end 1935.
FIRST ORDER
a tenise House, ready for Spataru, ihember of Patliament; Įsituation disclosed was staridals Blot britt on the
Marqu
Thỏ
whole
ibandal
aross because the M, Proféwer Zável (18636, hold of Italian Graelle Ketter
Turmer
Anda Mira
tell all she knew about, kinks and others.
first to the newspapers and then
Statement
Chrisuni report "givės 9fffette on
the Mailvery br
For the dist
eng ships the stag
The pronta of thelezized: tions, over offence to the morality. who work."
"Chine Man
ople negotiating for
anh thụ, wide citals to a court which heard one of highly-placed· Erlendet.
S
grade
to
In
since
unless union
the
R WHE
sent should not be treated too to put Studebaker in a better uring the last complete weet 75
paric ayntholic mainly frem St Parts, Aug. 8, Canada. The French
ས
the
says,
real
Mton, Ontario, and New Brune monung, at the following, TRİNİ»
Mural
wick, New Jerstty,
Berlin wake of hourly-
TEPOELT/ 0014 | 2ated employees hero la $2.39
per hour, United Pris
Buslows – was done... In the, local. unofficial
market this
Sterling notes (per, #13) imadhesan zuolank dhe” 166) Sam Lichs per 100 Indo-China (plastens ther