THE CHINA MAIL,
FRIDAY, JULY 13, 1956:
TRADE and
COMMERCE
SECTION
A STEADY WEEK FOR SHARES WORLD
Turnover Up Slightly
Market
In Quiet YAUMATIS IMPROVE
By A Special Correspondent
The share market decline which began with the closing of the half-year accounts flattened out this week and with a slightly higher volume of business share prices held a fairly steady course,
Turnover was up from $2.86 million to $3.68 million. On the week twelve shares were lower, ten were higher and seven were steady.
Most of the changes, as the panel shows, are very small. Apart from Monday when turnover exceeded $1 million, the market has been fairly quiet.
Although there has been some The most important Item |
In the prico of of news for the market this Improvement
raw rubber to 85% Singapore week was Government's de- Struts cils & b, there has been
CHICAGO CRAIN
MARKET
Chicoso, July 12 Gradu futures pilves were perorally lower on the Board of Tradu Landay. with
soy bouts suffering the sharpest declines
July boybean dell verits
dropped just a cert short of the 10-cent limit at one point The depressarak
forces Widu
stantial notices of intentions to Vegetable oil
deliver before The decline which
approaching.
prices dropper
}
NIWUM
little interest in rubboy and they show little change. DIARY OF THE WEEK
cision to take the cheap and least troublesome way out and proceed with a second vehicular ferry service. It also announced that it did not intend to provide money | Friday: for a tunnel or a bridge.
Here is
This was gemevnily exported, Monday: I think, though I have heard a number of complaints that the bridge idea was not given nearly enough consideration
NOT TILL 79?
But as this has nothing what- ! To du with The share j ever market 1 shall confine myself to
about mark Yaunti reached quickly to the
lin well. further inelting Dhe depende
On the export market, Greece reported to have bought Was 3,000 tons of soybean oil and Spalo la suid to have purchase thas far this week about 10,000 tone
soybean 41. Chile. Turkey, and Paraguay were alser said to be potential vegetable alltid back to $112. Stars are
buyers.
fג!
Whent closed off to up
Les B cente; soybeans off w
Futures:
100 152'-133 149. 1301-137 140%
<
Wheat, No. 2, red
203
Spot
July 2905451) 2047.1
203-200
Sepl
2003-200
Nov
312-
Mar
21344-
May
2014
Com, No. 2. yellow
Spol
July
Seul
Nov
Mot
Hye
July
Sept
Onta
July
Sept Soybeans, No. 2, yellow
7:
Spot
July
Sept
Nov
Jan.
Mor
Barley
New York four
Spol
200 12
sach
12011
1312
711-72
271+ 20724-200
243- 247-247 24A
130-140
sta Dun
United PreNE WINNIPEG PRICES
Winnipeg, July 12. Prices of grain futures cheed bushel us today in
certa per
follows:
Unte
July
Oct.
Dec.
May
104 TO 70%-T. 77%-20
Kyo
July
1230
Oct.
12016-12-
Dac
1309-24
122
100
101-1
1016
301
318
301
May
Barley
July
Oot
Dec
May
Flaxseed
July
Oct.
2014
Dec. May Wheat. No. 3. 162 cents; No. 4, 343 centa-United PrESU.
LONDON METAL
PRICES
London, July 12. Prices of metals closed today in sierling per long ton as fol- Jowe:
Tirt spot
3-month
Cepper spot
3-month
Load lat half July
buyers pellers
248 700
740
747
200 200%
2035 203
115 *** 110
113 115
Oct
Zine 1st half
July
DNA
Oct.
93
United Press,
ferry shares
AMEROUNCERent and moved up $100 to $114 onl then
C
quoted at $14) sellers aguinest $136b, $139s on Tuesday
Market fair the INIT Hongkong will never have bridge or tunnel now, or If so, not fill the
Ferry Yaumati franchise expires in 1979. As u result brokter seo bright proe- They are poets for Yaumatis, tolking of them finding a level it about $125.
oplnkuror, 10 Ixe
that
Land shares attmeted Interest with Lands pleking up $1 to $00 and Humphreys quoted buyers at $17.10 sloody. The rumour was that rents were to be de controlled but brokers consider this rather wild and about two yrarv pvmature.
à diary of the week
Phtere
MOVEOKIS
Tow and Turnover: $780,000. Dekra generally well ranjetalne! Turn- Over: $1,040,000. Price changes few
TUITI Over: 3580,000. Wednesday: Tμ• market ruled
stevey
- with bust- S
Tuenday:
senle 3450,000.
# light Turnover:
Thursday:
Free WETO gener- ally
maintained. Turnover: $850,000
TODAY'S
SHARE PRICES
(From Our Correspondent)
RUBBER
MARKETS
Singapore, July 12.
There was somo trađe buying during early morning but this was ealised prices sagged.
In the afternoon, there was salling for profil-taking and prices
lost return to
night's close, Futures:
London Stocks Turn Irregular
London, July 12.
An irregular note crept into dealings on the Lon- don Stock Exchange to- day, but most acctions managed to finish with a scattering of small gains.
Oils were
the most
group. They suffered
crops.
under
active
sizable profit-inking. Royal Dutch, off nearly £1, Shell Transport,
The Share Market At ́A Glance ★
Up or
June 16
HK Bank
1080
June 22 16806
Lombard
4334b
45b
June 20 10856
47
July 5
July 12
down
1700
1000
~~$10
47n
48m
steady
Union
263b
975b
080
980
080b
Underwriters
B.80
9.80%
8,00
8.80%
8.AON
Union W'bool
22b
236
23.20b
2340
83%b
sleady steady steady
Wheelocka
9.20
9.35
9.40
9.40
9.35
LIK Wharf
9340
24b
01
91
BE
29
HIK Dock
42
40%
41.60
Provident
14.70
14.60
14.10
14.50
41.25 14.40
HK Hotels
14.30
14.40
14.00
14.00
14.50
-10c steady
No. rubber por b. July 29-054%
Aug. 14;-DTL Bept, unquoted No. 2 rubber per 1b, July 00-00
HK Lands
0531
0520
វត
បាន
DU
60
+$1
No. 3
Humphreys
17.20
17.10n
17.10
17.19n
17.00b
steady
No. 4
0051-6711
Bpot rubber unbated
03-003
HR Really
1.473
1.525
1,625
14
1.45b
-50
Blanket crepe
73-75
23.00
24.20
23.90
23.00
24.10
+200
No 1 pale crepe...
120-122
leum and
137b
1406
186
1391
141
+$2
cosualties.
110
114
110
108
112
LONDON
23.10
24.70
2460
24.8
24.80
24.30
2014
21.00
31.80
22.20
TAN
+100
But
+100
8134
33
324
BIZA
31
250
24
25
24.80
24.80
34.90
25.40
354
30
3834
361⁄44m
per lb. Prices:
354b
+250
16.80
10.00
10.80
14.50
11.70
12.20
11.70b
1144b
10.00
16.60
+100
No, 1 Ras spot
21-204
inco.
12.80
$1.30
Settlement house term:
345
34m
35%
31m
28
-$2
Aug
Sept.
2716-2735 7794-276
Yangtze
0.90
ማሕ
7D
4.05b
7.05
7.10%
steady
Oct./Dec.
Allied
5.15b
5.90
5.75
5.05
3.45
-200
Juct/Mar
HK & FE Inv
11.201
11.40
11.30m
11.30
11.105
-200
Apr/June
Textile Corp
5.30
5.40
5.30
5,50
5.25
-250
July
Nanyang
7.50
7.50
7.50b
7.00
7.501
-10c
Aug.
Sept.
HK Trams Star Ferry Yaumalia Ch-Lights (0)
Ch Liềhia (n) Electric
IK Telephone G.1. Cement Dairy Farm A.8. Watson Lane Crawford
308
WALL STREET
BACKS DOWN
By DOROTHEA, BROOKS
New York, July 12.
Stocks backed down on profit-taking today after a six-session advance for industrials and an 11-session rises for utilities.
All major groups were lower | General Foods
average, and 520 slocis
were lower out of a lolal 1,150 while only 388 were higher.
Volume,
however, lightened
Un the deelino to 2,180,000 shares from 2,520,000 day, and there was a good-sized Matures. list of sharply higher
General Motor Gen. Pub, Util
International Nickel
International Paper Inti Tel. & Tel. Jolin-Magwithe t'u
+500
WORLD
COTTON
MARKETS
New York, July 12. Cotton prices today held on an even keel around the previous close in the busi- ness session in several 40% wecks.
All but of smail part of the business was given over to final 103) adjustments in the July delivery prior to its expiration tomorrow.
The market was very sady with spot quoted at 274 perce
British Petro-
Burmah
Industrials
Dll were
generally Imperial WITC well behaved, Tobacco rentured with On advance of about one shilling
and steel shares added a few
Vickers managed fractional advance. Paper
with Bowater sharea cased
2015-2015 major lower. 239-254 23 11-25 14
General markets, cif banin, ports:
Piate crepe thin July
The
thter
AMSTERDAM
market WILS
A
a
British Governments were quiet Small gaires offer an 27-3714 Pasicr opening left the group 2011-27 2011-2012 virtually unchanged on the day. Foreign bonds were quiet. unquinted Cippers were fxT and gold
น
steady
Prices closed todity in kuilders per kllogram, cit Aug. aa fol- lows:
No. 1 rublər No. 2 rubber No 3 rubber
No. 1 crepe
12.03 paid
shares trendless.—United Press.
Franc Hits Low
Paris, July 12. The French frane hit a 32- 2.00 buyers month low on the black market 2.05 buyers here today. 3.35 paid prices were
New York Rubber unavailable today-United Press
Goodrich (BJ)
84%
Goodyo Tire
Ta
Ileyden Chemical
Huinslake Mining Co.
Inland Steel
Co.
77
Yester-
Int'l Business Machines Last? Itarvester
490
301
D
140
32
sa
Lakkoll Meyers Tob. Co Luews Incorp.
60
Leading spot interests July at around 200 points over December. Other trade accounts Bold July against purchases of December and March.
sold
*
Lone Star Ceinent Co Loukville & Neylie R. Lowenstein & Sume... Mail Trea. Corp. Minnesota Mhedregg Monto Chemical Co Montgomery Ward Motorula Ine Naldona Cash Reg. "A' National Dairy Prod. National Lead
95
23
53
2215
434
Open July start today totulled 69,800 bales, Today's operations cut the total down to
around 4,000 observars esilmated,
contracts at
the
bales,
4615
Outwards "CANTON" "CORFU"
413
"CHUSAN”
108
100%
1036
30
The setback was in line with Wall Street expectations. Charists hed anticipated TV- sistance when
Industrial the average ruched the 510 levo), a mark touched during yesterday's
Business done on the Hong- Į session.
Stock kong
Exchange morning amounted to approxim
this
Intely $1,160,000, Noon quolation and the morning's transactions:
Shares BANKS
Buyers Setler
1600 1700
HK Bank.. East Asia INSURANCES
Litilities turve been well sup- ported with Telephones espertil. Unk
favoured *Te
ha SHIPPING shure
Waterboul
iy Tacked un 50 cents to $25.40. Troms and both China Lights are also better, but Electries lost 25 cents yesterday afternoon to close that much lower on werk
WHARVES LOWER
K WTwit The
STON K
Wharves lost 52% to $89 and Dorks and China Provints were also slightly lower, though
Docks Ariel 25 cents yesterday.
Hongkong Banks arunounce
Nales
20 1685 2401
اوند الكور
4000
411
The Industrials dropped 2.21 to 507.44 today, with chemicals a good portion accounting for of the loss. Du Pont slumped 3 points
Carbide and Union nearly 2 Johns-Marwillo and Chrysler cacti lost over u point
in the average group.
Rails Down
off
Ratl backed down 0.49 to 167.12 with MOSL fructionally.
Issues
A loss of a point was about
tr
Illinois Central
1000 14
020 6 101
the largest.
1900 1,025
For utilities
the
Wheelock
DOCKS, ETC
101 24 60 +N) 22 43 $24
9.30 4000
1000 or
0.3 0.39
01
41.
Prov.
10) 24.40
J
Trust
鞋
LAND, ETC. ILK Hotel
IX Land Humphrey's Henity RUDDER Analg.
UTILITIES
3000 24.70
07
08
20007
10
500 17.90
140
1.50
1,476 1.50
1,00 1,025
I 2 Interim dividend (un-Trai changed) but close down $10 ul STUDO
Watsona bumped up $1.30 this weck
14 $12.80. This is [heelle share and i am not st alt sure what 13 going on. Brokers seem rather vague when you mention this company but on: told me yesterday that it was "having a much better your."
9lar Ferry. Yarumati
14 DO 14 TO 2500 14.00
24.30 241
82
500
decline amounted only to 0.13 and was accounted for in part by a loss of a point in Panhandle Eastern Pipe Line.
The non-ferrous metal shares 3000 # 180 stood out as
the main upside 24.20 features among aluminium. Alu- minium Lts climbed more than 4 points. Coppers responded to higher customs
600 24.30
400 (# 26,30
1800 24.40
141
100
100
130 12
200 1132
C. Light (D) 20 25.30 1000 23
1000 # 20.20
sinetter prices and Anaconda
onda rose more than Kennecott more than 1. Lukens Steel, up more than
today and held a point of the risc.
C1ght (N) 23.30 22.40 2000 22230 yesterday, climbed more than
New York Stock Exchange bond volume was $3,080,000.
Exchange American Stock volume was 940,000 shares.
Dow-Jones closing averagos
Electric XD 3176 32}á
Tobogane . 25.70 20.00
2500 hp 22.40 1000 v 22.40 2000 4 33.78 3 31.50 634 631.73
500 40 25.00
600 vs 25.70
tha
1200 20.00 1000
25.00
WCTC:
30 mdustrials
007.44
30 3000 36 1.75 160 2000 of
20 rails
1.75
16 utilities
09.21
Glocks
170.73
40 bonda
90,00
Comm. future pride index
150.20
1000 © 20
Comm. spot price index
1001.23
200 20
Rs. 25.10
This time
Inst
month shere lacked on 90 cents in one
50 week, another
cents the INDUSTRIALS following week and then lost 70 Cement cents in the next fortnight; | Metal 1. which for a share of this price STORES, ETC,
Is quite ʼn large movement.
TEXTILES DOWN
20
and
Allied have lost a further cents to close oi $5.45 Yanglezes are roughly steady at $7.10 sellers.
Textiles are down 25 cents to $5.25. Their balance sheet cama out this week. It shows a profit of $802,051. This added to last year's carry forward of $843,704
NEW YORK METAL makes a total available for sp
FUTURES
New York, July 12. Prices of metal futures closed today in cents per lb, ns follows:
Lend
July
Aur.
Tin
July
Aut.
Zine
July
Aug.
Copper July
Aug-
24.83b
14,352
$4.30b
04.000
25.378
12.826
37.306
37.206
United FreNL.
Exchange Rates
Umonicial exchange market
33
i6.00 10.70 1600 @ 16,70 12.00 13 B16 13
Dairy Watson
Lane, Craw
xD COTINE AVISTIENTS Yangtze Allled.
73%
1.40
7,05 3000 € 4.98
New York Sugar Market
closed
New York, July 12. propriation of $1,435,655.
World No. 4 sugur futures today unchanged ta Out of this is to be paid n 50 ecnta dividend which will take 1 point higher with sales of 24 up $600,000 leaving #830,655 to be carried forward.
shoot shown that Tho
balance under current liabilities there in
contracts.
Domestic No, 6 sugar futures. closed 1 to 2 points higher with sales of 28 contracts.
Stendiners in both
contracts a figure of $2,850,337 to Whócs
small reiner buying lock Morden and that the loan reflected
is in company with the firm raw from the bankers, which
Futuros: accured, is $1,400,000. With the situation. $2 million now us, the amount. Contract No. 4° (world)
bo September to Wheelocks should
October March
waly Priped out.
The only other figure call for mention are deprecia-July
inorning at the following rata previous year.
int. May
September
Contact No. S
Business was done in the local Uon of $580,491 and interest of spot-(vents per 18, job Cuba]
$391,230 against $130,800 tho
Both theer | Geptember Bái | namolanta helpott to whittle down November 1244 the your's profit which compared Mach 1760 with $810,847 in the
your
17.9. dollar, iner 81)
Sterling notes, (per: £1)"
Australian notes (per ZIX
Indonesian rupiahidiiper" 100)
Biam Tical (per 100)
Singapore (šuniin)
March 31, 1955.
Book-O
3.30
Closing Prices
Alden Inc. Mey,
Allied Chemicals
Allied Mulia Inc.
Allis Chalmers
American Airline
Am. Chibie & Radio Corp. American Cyanamide Co. Ant. Moch, & Fóry. American Metal
American Smelting Am. Sugar · Ref. American Tel de Tel American Tob. "B"
National Steel Corp New York Central Otis Elevators.... Owen-Illinois Class Pacific Gas & Elec. Pan American Airways Paramount Pictures
Penn. Solt Co. Philip Mor
Pure 01、、..... Radio Corporation Republic Steel Reynolds Metal shell Ou Co.
43
Piltsburgh Plate Gins Publicker Industries
07
1
4544
Month
47
July
Oct
70%
Dec
Sinclair
Saint Re
Paper
191
Yetm .
May
Socony Mobiloji
BOT
July
South Puerto Rico Sugar
2014
Oct.
Southern National Gos
30
Dep
Total
Southern Railway (Com.) standard Beards Standard Oft of Cal Blandard Oil of Ind. Standard O_of_N.J. sterling Drug Co. Stoktely Van Camp. Studebaker-Packard Corp. Swift & Co. Texas Co.
56
L0%
3816
63
as follows:
Spot
75
July
+746
Oct.
Dec
Tide Water Aum. Osi Tweety Century Fox Film
Mar.
24
May
July
17215
Oct.
Dec.
Union Carbide Union Padic Baitway United Aircraft UA. Gypsum U.S. Line Co. US. Rubber US. Smelting U.S. Steel
Warner Bros.
Bertric Westinghouse West Va. Pulp & Paper Woolworth
10,300 273,000
458,900
22,200
11,700 302,200
0,700 148,000
120,000
1,000
1,700 31,300
4,200
30,20 34.82-83 32.40 32.62-04
32.04
34.30
31.77
30,91
30.90
It was quoted at 409 to the | doilar. --United Press.
12th September
20th September
PEDADE
Homewards
24th August
*
"CHUSAN"
*
Vla Singapore,
"SURAT"
18th October
from U.IC.
Aden,
The certificated stock, mark- ing the first increase in some time, moved up 95 bales to 8,552 boles
Redemptions out of the lJoan stock for the week ended July 0 totalled 7,346 bales, the smallest since January, leaving 401% the net stock of 1886 crop coltan
under loan at 7,266,629 bales.
Volume Open interest
15,600 60,600
73,600 1,452,000 bales
NEW YORK
Prices of futures closed today
NEW ORLEANS
Prices of futures closed today
In the US the averago spot price was. 35.11 cents. Sales totalled 10,026 bales.-United Props.
London Foreign Exchange
London: July. 12
POBIE
B•I│E&A
COMPANIES
PENINSULAR & ORIENTAL S.N, CO.
PASSENGER/FREIGHT SERVICE
"CARTHAGE"
Leaves London 18th July 16th August
Dae Hongkon
20th August 17th September
27th October
Via Southampton, Purt Baid, Aden, Bombay, Collocabo,
"CANTON" "CORFU" "CARTHAGE”
& Singapore.
Leaves Hongkong Due London
21st September
19th October
31st October Pepang,
Colombo,
24th September
22nd October
19th NoveINDOT
27 November Bombay,
Fort Bald & London,
FREIGHT SERVICE loads 18th July
"BILLONG"due 21st July dne 8th Aug. "SHILLONGritonda 14th Aug,
"ADEN"
dhe 18th Aug.
"SUNDA" "SALSETTE" due 23rd Aug.
for Singapore, P. Swet- Aden. tenham, Penang. P. Sald, London, Ham- burg. Rotterdam Antwerp
from U.X.
from U.K.
for Singapore. P. Swet- tenham. Perang, Aden, P. Said. Havre, London, Hamburg Rotterdam & Antwerp
from U.K.
BRITISH INDIA S.N. CO., LTD.
1850 - A HUNDRED YEARS OF SERVICE — 1950
from Japan "FULTALA" due 18th July
for Singapore, Penang, sallı 19th July
Itankoon. Calcutta Chittagong
"SANGOLA” due 20th July "BANGOLA” due
from Calculis for Japan sails 21st July
from Japan 7th Aug. 0th Aug.
Balle
due 13th Aug. salls 15th Aust
&
for Singapore, Penang, Rangoon de Calcutta from Japan & Shanghal for Singapore, Penang, Пятность Calcutta Chittagong
P. & O./B. 1. JOINT SERVICE
due 24th July malis 25th July
dus 20th July malle 20th July
duo 4th Aug. "FTRIA"
Falls gu Aug. "UMARIA" duo in Auz
salts 711 Aug. "IKAUNA" 'due 11th Aug. Kalle 15th Aug.
from Japan & Shanghai for Bingapore, Colombo, Cochin, Karachi. Darah Khorramshahr 64 Kuwait
from Japan for Singapore, Colombo, İlhamagar Bombay.
& Karant from Karachi & Bombay
for Japan
from Karachi..
for Japan
from Japan
for Singapore, Bombay,
Bar Karachi. Khorramshahr & Kuwalt-
EASTERN & AUSTRALIAN 5.S. CO., LTD.
"EASTERN" das 4th Aug. "NANKIN" dur 8th Aug. salis th Aug.
from Australia
from Japansk
IOT
Bandaan, Rabaul, Brisbane, Bydney, Mal bourne & Adelaide
*All vessels have. Wherty, to call ni sny ports on or off the route & the route à sailing, sen mukfect to change, or!adaendiamin with'ör withová notice.
For full parflenfors apply to! MACKINNON, MACKENZIE & CO. OF HONG KONG LID. Telephone Nos: 27721-4.
as follows:
Spot
July
474%
United Press.
Doc.
MRT.
May
July
1.
Dec.
New York Foreign
+4
211 South Afrion
20
53% Folha
Denmark
Frenc
323 Germany
Holland
toy
1914 NorwAY
10Portuspal
70-4 do
002012
34.48 MM-63 32.48
32.60
"ORMARA"
32.37
20,93
LIVERPOOL
Futures closings, In pence per
Ib. wore as follows:
Old controck July/Aug. Now contract July/Aug.
Deo/Icas
Futures closings. In cruzeiros per kilo were as follows:
July
December
March
Hey
36.66
38.05
30,30
38.30
"OBDIA"
Exchange
England
Capacial
#10%
114
35
Averenlia
302
New Zeeland
New York, July 12,
$101-23/2 2.19-17/32 unofficial
2.75-3.77 30-day futures 2.70 20-day futures FRE
2.23% 2.10-11/12 2.00
24.00
28.50
Oct/Nov
"TTOLA"
23.70
23.00
Mar/Apr.
22.00
May/June
21.09
|Egypten Karnok July/Aug.
SAO PAULO
04.05
020116
1455
2307
2183
.1400
.0360
02333
.1031
1996 Switzerland
2234
149
423 MIDDLE EAST
fleeing Airplane Bordoz (The) Co,
的
10013 | Iran
134 EU
3.35%
0133
2.02
Turkey
3376
Burroughs Add Machine ... Canadian Paciße R. Caso 1. 1.) CD.
22" LATIN AMERICA:
1334 | Argentina
10% Brazil
17
jolivia
.0034
28 Chile
A510
New You!
3420
Venetsela FAR EAS
3003
| Anaconda Copper
Amco Bled Amour
dwm-Lime-Bam. Haltimore k Ohio
Banquet Cons
Bethlehem Steel
Cat Tractor
Celanese Corp. wa
C. 1. T. Financial Corp. Chrysler Motors Commercial Credit
3,30 Commonwealth Elec.
Consolidated 4 son Continental. Oll-of, Deï, Crane Co. aku Cuban Amer. Bugar Diamond Alkali · ****** Dow Chemicata aba
Jar
3.30. Třipani »de NernouTE
800 Kastman Kodak
SAUKI, PWo Nasional Gan
VIC 8.00. | Warily, Finance Corp. Li
Bieder:
601frea
Colombia'
50% Cuba
Jadi: Peru + «f«
Pak lebus
Form
Indonesia
Japan
Dalo
1750
Zurich
United