THE CHINA MAIL, FRIDAY, SEPTEMBER 21, 1956.
Page¶
TRADE
SECTION
SHARE PRICES RECOVER New York Cotton PIPELINE
Better Sentiment
After More
Suez News
Hopeful Suez
By A SPECIAL CORRESPONDENT
Share prices on the Hongkong Stock Exchange staged a slight recovery this week as fears of a Sucx flare-up diminished.
The list closed with fourteen gains, fourteen shares steady and one loss on the week which is a Then complete reversal of last week's trend. there were 14 losses, ten shares steady and live higher.
Turnover at $275 multion
I
about the same un last week's The Mid-Autumn Festival cited. the market for half assay werk.
Brokers port
1
all
senle selling bv the Chinese hanks seems to have stopped.
#1
With the rasing of rates for
New York witch sterling there is probably less kral des mand fer sterling at the manent mit with American T/T closing yesterday at $8.205 cm the Inwal +4423/2008 12 gula market there much interest at that compara- fively high te
Good Gains Possible
hom
Street
TODAY'S
SHARE PRICES
From Our Correspondent)
1997
Hongkong
$127
th Stekk
Exchange thi »Fakulted tor $285,000. Noon Morning's
200
1+
Jeuding
MİRTEN
DANKM
Sales Buyers Sellers
Els Thank INSUBANCES the Suez
This Wark fee House observers to believe theid given
good news on Conal, good gains nee possible. One broker predicted a prosalile rise of 10 to 20 per cval.
INGA
10033
HO
Uusi
HIPPING
15/k
DOCKS, ETE
4175
14
15.30 130
00
4.4775
K Whort Deck
Prov any
for
The Canal situation, however, continues uncertain and I think it is unlikely we shall hear "good" news from quite a long time yet.
Brokers
contimie
Cora
market movements are depen dent on political
Ovents.
This
being so it is unlikely there will be big changes in the next werk.
TO 1390
LAND, STO ICK Hel.. #k Lan! Humphreys tulis
HUBB
الا عمران بار
Trust
has London Stock Exchange
UTILITIES Indecisive Tram and been subducti
which began Yakety York unct New steady, stumped as a result of tight credit later in the work
mutsjoel interest Wheelock dividend
C Light, Kan
(* Light IN 210 12 10
Electi
HK Bank
Docks UK Provident
UK Hotels
A Glance ★
steady steady
* The Share Market At
Aug 23
Aug 29
Sept 6
Sept 13
Sept 20
Up or down
1035
1630b
1040m
1030
1030
alondy
Lombard
45я
42b
臺第九
4Jn
steady
Lelon
1000n
995b
1900b
10008
1010
+-$10
Underwriters
8.80m
8,800
8,800
8.89
8.8011
Union W'boat
24.10n
23.70b
23.70b
21.801
25.60
Wheelocks
8.85
8.85
8.85
6.35mm
+250
BK Wharf
Ban
8Яn
89b
Rob
01
91
steady
41*
141
14
#14
418/n
41
«}
13.80b
15.60
13.60
+500
20c
15.10
15.00
15.30
15
16.30
£300
68
6734
60
6514mxd
+$1
201
20
20%
20
20x
steady
LAB 24.20 135nxd
1.175m 24.20
1.425m
1.45%
1,450
135
23.40xd 134b
23.40
23.40
stendy
steady
130
1350
steady
108m
110
109
107
110
+ $3
23.90
2434
2414
24.20
24.50
21.30m
21.80
21.70b
21.00
21.00.
300
01
3031
3142
+75c
24,90
25.30
25m
2414
24.80
+30a
30
362;
30
SA1
361
+750
15.90
16.20m
16
15%
15.700
+200
13.00
20.30n
12.70m 29.40n
12.00m
12.45m
12.90
+45c
29.601
29,60%
steady
0,800
6.60b
6.70
0.80%
0.70n
steady
ថ័នរ
5b
5.10%
5.10%
4.90m
10.00n
10.30n
10.00%
10.80m
10.600
4.15b
4.40n
4.25b
4.40
4.40b
steady steady steady
7,600
7.40m
7.45m
7.30
7.25b
-3c
HK Lands Humphreys 11K Really HK Trams Star Ferry Y'aumatia
Ch Lights (0) Ch Light (n) Electric
HK Telephone G.L. Cement Dairy Farm A.B. Watson Lane Crawford Yancisze
Allied
IK & FE lov
Texille Corp Nanyang
29.00
New York Stock
Market Prices
New York, Sept. 20.
a
late
Stocks suffered their tenth loss in 11 sessions 2000 today but it was a decline tempered by 101010' rally.
.
A 127
500 4 15 40 |
11**
472 315%
Industrials, chawn 4,09 In their at mid-session closed with a long of only.59 and rails managed a gain of 0.52 us ce- demtion for the group fied prices a point or more in several Isues,
Bewert
out 13
Inland Stee) Co
at Business Machines
int larvester
WORLD
RUBBER
MARKETS
New York. Sept. 20 The No. 1 Rss rubber futurs contract tochy closed 20 to 50 points higher with sales at 25 contracts.
The rex contract closed
Market Report
New York, Sept. 20.
PLANS HELD UP
Ottawa, Sept. 20. Plans to complete the Cotton futures today developed a smart Prairie leg of the Trans- Canada natural gas pipeline rallying tendency after a hesistant start. this year have been shat- tered by n pipe shortage, Federal closed,
Closing on the day's best levels, final prices were up 12 to 18 points, carrying the October de- livery to a new seasonal high and within three points of the 34 cent line.
Opening prices were up three
the
10 off three points. New Orlean, closed up 11 to 19 points. Covering operations In October delivery, and a scatter- ed trade demand for the December delivery dominated the late trade.
Heavy loan impoundings, and | anticipation of few, if any in- itlul tenders ugal the spol month on Monday, shapeil mac- ket sentiment,
Good Prospects
ଦା'
Mill and other trade buying in the nearbys was presumed to be against expert commitments manufacturer
accumulation of
their rela - futures Lo augment tively small stocks of raw cotton held in manufacturing plants.
Loan impoundings for the week ended September 14 otalled 126,839 bales, the largest The for any week this season, Let stock of 1958 under toar
bousted WES
10 with 301,780 boles
compared 124,266 bales impounded to the same the lust year. In addition, the governme held 8,052,450 bales from the 1935 in gramme,
Open October contraeis today The lotuiled
tiles 102.000 certifented steek emained at 3,340 bales.
Crop
350-
ideal weather conditions per. Ideal milted
srides in opit very harvesting a leading spo; Gray's
3120 weekly crop letter said today. 32501 estimated 38 per cent of the
crop has be
30
points higher to 10 points lower with saks of 12 cor^racts.
Chop
beca gathered. Top crop prospeels
of
are considered
sections west Texus and in the Far West,
rst the
frost
added-United
Volume Open interest
2ndden Co
3515
Co
September
Goodyear Tyje,
tydons Chemical Corp.
geruti-Itand
743, 10%
December
#7
70
45%
35
good in irrigated
International Nicket
1024
International Paper
117
September
32 23 depending
01
int Tel & Tel
John-Manville Co Kasar Power & Light Kennecutt Copper Bret Meyers Tou
31
November
May
14.20 date, the letter 30.20
40%
July
30.00 Press,
13354
Month
to
00%
it of
Lockheed Aircrati Loews ireurp Lone Star Lement ca
outsville & Nashville B Lowenstein & Sons.... Mesabit Iron Corp.
00h
The standard comtruet closed
Oct.
201
35 points higher with soles of 12
Dec
17,000
585,100
Mar
319,400
contracts.
May
0,300 240,000
35
July
6,700
124,300
Sopichaiw
32.26
vi
1.BOD
B0,100
49
December
31 Dec.
March
31.30
Mar
1,700 40,700
000
2,000
40P
Mas พร่
30 00
30.30
National Camo Hos National Dolly Pud
"A"
National Lead
3001
Chrysler was a feature in in- dustrials where prices generally were down a fraction. It ran up point TO PREC JEDNOM KROATI
01
www bazdest the Kader groups with a toss of mat than three points in Con- timetrial and more than two 1 Royal Dutch
Royal Dutch
470
over
+1
10,000
150
1523 170
2.6323 (4)
109 113
1 t
2403 240
Sakk) 1004 60
There is very little
Company
1453132 100 31
news.
But a
continued
of
1.:
-
3 de bor
LON
100 2400 21
2/43 21 1500
•N 2
00 23.00
14:
INDUSTRIALS
Cement
31 3
1
> 17
Hop
12,91
14MXA
STORKS.
ETC
1 30
130
0 10 10
Watem
13
110
100K
2013.10 110
Craw
471
4.
* 20
10
+1 DU 1.300 atu
5
I understand that it will b announced after the return of the
Chaliman. Mr G E. Mardi
fron Laukiun
und the Hon.
The
ineeting
tox!
IM
Thursday Blaker
The following Sunday
follow ag soon after this as partieable.
This a}\ Me dividend an-
COPTONS nouncemwak (2422 be expected Textiles curly in October and the mette No.
the
of the INVESTMENTS
month.
near
יזיו
Blue Chips Dominant
Blue Chips
have
You
Allist
¡
the been dominant shares of the week. 1
leading the upswing in priete Electrics and
1.11
industrial,
Cement, both made good gains achling 75
eenla
each. Both
Lights, and Telephones put on 30 cents. Trams were stendy at $23.40.
011
In the gilt-edged lines, Dauks truc- after moving up $5, losl tionally and closed stendy the week at $1,630. Unions have gained another $10 sending them to this year's peak of $1,010.
Wheelocks are a
at $8.95 middle.
In the whorf
little belfer
section.
both H
Active
lates The
strong gather cently, tell back realising which follower taws of a stock already 20170 spat witserpated. 10
11 The market, 5000--bare block
SINGAPORE
SHARES IMPROVE
discounted
ht: 13
| Mission Developiwnt Montgomery Ward
Motorola ne
Natural Steel Corp New York Central Clin Mathieson Otis Elevators Owen-nots Class Pacific Gas & Elec.
Pan American Airways Paramount Pictures Parke Davis Co.
Penny . C. Co.
Fenn, Sall Co. Pinip Morris
wild 19, of 14 ut $107, Pieter & Gamble C
ACCONVILL
Pittsburgh Plate Glass slumped Publieker Industries 108, $195 and thm came Pure Dil back to $1064% at the close, uff. Radio Corporation :'' TH't
Hovad Dutch
Was
Hepublic Steel
Reynolds Metal Hayal Dutch
the day's Bell Out Co.
thin anost active issue, topped Saint Reg Paper
by US Steej
Sim dard
Market men sow action father evidence
רון ידי!
Rave-pond-15:
11 Today's Southern Railway (Com
Standard Brands the Standard Oil of Cal
Standard Oll
ket which is largely merking, ine, Wong tulare mevsta a a Fenewed avance else a seid reason to sell in earliest
Standard Oil of N.J
7,300 162,000
and
London Stock Market
salis-
London, Sept. 20. Although business was stall efective. stock markets maintained their recent fa Chy underleme today.
Gill-edged securities were i neglected, with
exception of Wor Lown as per cent which
Olts
authorities
dia-
10
Less then
the one-fith ot 678-mile prairie line has been laid so far. Indications me that perhaps only half the Alberta to-Winnipeg Hink will be com- pleted before snow begins fall, the authorities salti,
As a result of tho United States
earlier this steel strike
American plpe swimmer.
sup- Informed have pliers
TH Canada Pipe Lines Limited that anal shipments may 1101 made before next February,
Because of prărie Trost, Útile work will be posible or no the
the winter and the during prospects now are that the line £70-3-9.
to Winnipeg may not moved erraticnlly
Royal Dutch fell, pleted before June
1957, China Mal! Special. £1-2-6 โย 183-4 Petroleum and Burmahs elised the day a few pence up or down.
The main lealure in Industrials
As pelate. was Electric industries which fell 1/4 to 68/10%, following the lower half yearly profits, Other
lost Krounci
rose
to
*}essel trul
act
British
foreign markel In a quiet German bonds was The only feature. Potust 7 per cent was marked down one point, and the 414 per cent Young Lean one- hult lower at £200
rretni
be com- July,
Exchange Rates
Buscas Was siune in the local Anofficial exchange JRAT KEI Thin morning at the following rates;- US dollar (per 81)
0.13
Sterling notes (por £1)
19393
Australian notes iper
1)
12.00
Indonesian rupiah iper (00)
14.03
Siam Ural ther 100)
27.30
Singapore (Straits)
NAMESAKES
Answers: 1 Fools, 2 France, 5 Fable, 4 Fox, 3 Animals, Virtue. art Vietim, 7 Moral,
Vines. 10 Verse,
Gold shares maintained their better Indency clored with small gaine-United Press
Le Fontaine (French poet).
Intra-denier switching opera 71tions and changes of contracts
Tekut
33,000 1,012,000 balen
NEW YORK PRICES
New York, Sept. 20. Prices of cotton futures closed Inlay as follows:
P.O BIE.A
COMPANIES
年
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FREICHT SERVICE
Outwards "CARTBAGE”
Leaves London Duo Nongkong
Salled
28th September
Via Southampton, Colombo, Penang & Ringapore,
f.eaves Hongkong
*
ودة
42minally 33 cents a
SINGAPORE
"CHUSAN” "CANTON"
32.14
30.00
33.00
13.00
33,80-
33.00
flomewards
2.77
32.10
*"CORFU"
32.65
-United Press
SOL
October
25th October
3rd November
12 November
Due London
31 September
2nd
October
29th
October
1
TO BE
7th
November
10th
November
NEW ORLEANS PRICES
New Orleans, Sept. 20. Prices of collon futures closed today as follows:
"CARTHAGE” "CHUSAN” "CANTON"
Via Singapore, Tenant
ANNOUNCRD LATER
A t'olombo,
Call Bumbay.
FREIGHT SERVICE
from DK.
from U.H. que 2013 Got "SINGAPORE” loads 23ɛd Oct, lat Shiganore. P. Swet. tentiom, lavre, London, Rotterdam,
Grange
"SINGAPORE"dur ist Oct.
34.531
33,96-07
33.09-0
23.90
13.87
"BOMALI"
$2.70
22,731
32.04
United Press.
for physical rubber made
up
45
1544 minal market.
옳다
40
1 May contracts for physical rub-
ber.
changes included December and
most of the activity on the ter
Quistanding ex-
Spot
Oct
Dec.
Mar.
May
July
13
Oct.
Shipment
offeringa
were
Dec
4322x0
32
A
moderate but held at a basis too high for buyer acceptance here. quoted Rss was Spot No, i
Mar
Guts
United Press.
73
100%
Apot
30
Ост
401
Singapore. Sept. 20.
Dec
and deser Sinclair
60
Socony Mubileu
491
Although opening lower but
Mar
South Puerto Rico Sugar
27%
there
Was
Southern National Gas
There
for
no selling pressure. was good trade demand lower gradts
May
July
Oct
but sellerA
2714
4710
were
reserved.
The market
Mar
find.
60
5415
Sterling Drug Cự Steep Rock
8015
per
204%
October
DIT-
Sudebaker-Packard Corp. Salt & Co,
1911
Nuyenber
1419-913
.
Oct. DO-81
Texna Co.,
44
N. 3 rubber per ib. Öet.
003-001
Tide Water Aen. Dit
J7
004-07
Oct/Nov.
Twealy Century Fox Fim
2415
Sput rubber unbales
91-9134
Dec/Jan.
Union Carbide .......
11336
Blanket creve
74-30
Mar/Apr.
Vaien Pacific Railway
No.
118-120
pale crepe
May/June
United Aircraft. US. Fail "D**
7214
United Pres
រ
July/Aug.
34.77-60
43
Now contract
LONDON
Oct/Nov.
3.20
24.(1)
47%
Mar. Apr.
21.75-53
0415
24.80
July/Aug
24 CO
20%
with spo: quoted at 28's pence
Egyptian Karnak
55
per ib. Prices:
Nov/Dec.
10.00
$2
μα 1 είναι αρ
20-201
- Unied Press,
45%
Sttlement home term:
United Press.
20-28124
Nov
2794-2730
Dec
2746-274
Oct./Dec.
274-2776
Cotton
Jan./Mat.
Apr./June
July/Sept.
2545-2545
2573-20 follows:
251%-20% cruzeiros
Die.
Sepl.
2674-27
Oct.
Xov.
204-207 20%-20%
Mar.
May
July
Halste crepe th Oct.
ttrick
United Press.
Turnover totalled 2.150,000 states, compared with 2,040,000 Sestertiny.
Exchange
720,000
Shares
Singapore, Sept. 20. The strong feature of the Singapore share market to-
New York Slock Exchange day was the continued firm- ness of industrial shares bond volume was $4,050,000.
Ainerican Stock aided by the better senti- 'ment resulting from the volume was "decisive action" taken by Veded Press Docks and Providents are trac-Singapore's Chief Minister tionally better end Wharves are Blendy after last week's rise. Yaumati rose $3 to $110. Industrials were better under the influence of Blue Chips.
The all of the panel-Invest-
cottons ment companies and was largely steady, while rubber shares have sold at virtually un- changed rates.
Diary Of The Week
Monday:
Closing Prices
eje. **subversive against ments," the market corres- pondent of the Straits Times, Alden Inc. Acy. newspaper reported.
Allied Chemicals All Chaltwers American Altline American Cable & Radlu Cop
C
American Can American Cyanamide Am. Mach. &F dry, American Metal American Smelling
"Since the market took fresh heart following the resignation of Mr David Marshall (former Chief Minister) some industrial counters have added len per cent anxi more to their market | Ainerican fel & Tel value and it will be regrettable American Tob. "" If any general unrest should now arise to spell this movement," the correspondent wrote.
Here is a diary of the week: Friday:
No material change. "Business generally has more T/O: $749,000. confidence in the Labour front Sentiment better government now thon at any with prices show previous ime since it look office ing a slightly firmerin April fort year which was ac tendency. T/D: companied by a slashing in snare values," the correspondent said. $050,000. Dull and feature- (The Labour Front is Tess, T/O: $417,000. main party, in the present coalition Kovern- Prices well main Singapore
Tuesday:
Thursday:
tained and ament).Reuter.
fow fractional gains. Quiet. T/O: $650,000.
New York Foreign
+
Cangda
Exchange
New York, Sept. 20. Closing rates were:
$1.09-27/93
30-83/52
Engind often
3-day futures..
futures
Amar & Fare, lower
Anaconda Copper Armco Steel
Armour
ALING LOTS, Mining
Holtwin-Lima-Flom.
Hallimore & Oilo Bendix Aviation Corp. Benquet Cons.
Bethlehan Steel
11ooing Airplane
9 18
US. Gypsum
US. Line Co.
1.9, Rubber US. Smelting 10.S. Steel
Warner Bros.
Westinghouse Electric West Va. Pulp & Paper Woolworth
Not Sell-Out
By Britain
Port of Spain Sept. 20.
The "Trinidad Guardian"
tucked slightly in the afternoon
op some short covering. Futures: No. 1 Abor
Nubber per b
No. 4 rubber ver b. Oct.
London. Sept. 20,
The rubber market was easy
General markets, cl basis, ports:
stated in an Editorial here that New York Sugar
the proposal for a deal between the Coloradu Oil and Gas Cor-
40% poration
and the Trinidad
Petroleum Development Com-
Market
New York, Sept, 20. World No. 4 sugar futures
It would involve TPD share closed today unchanged to 1
163
Pany was for an amalgamation.
8545
Borden (The) Co.
Burroughs Add Machine
the
Canadian Pacific R.
Case (3. 1.) Co.
Cat, Tractor
Cetanose Corp.
London Foreign Exchange
London, Sept. 28,
2.71 8/10-2.709 227112.75
10.03% 10.417 13025-139.30 19.333-1924
Closing rries, ware: New York Turi Amsterdamn
nhun
14-1761-1742...
1441-14713 XL1014-15119 unchanged United
C. I. T. Financial Corp. Chase Manhat. Bank Chrysler Motors... Cmax Molybdenum Colgate-Palmolive Co Commercial Credit Comitionwealth Eloc. Consolidated Edison Continental Oil of Del,
Crane leibach Crown Cuban Amar Pugar DJATHIMI Alkali, Co. Dow Chemienia z Dupost do Namcuits Kastman Kodak '............. El Path Natjohal,Qar
Family Fimner (SOEP, Ford Motta R Goheral Besitle
Cleneral MintOEN Gen., Par, VEL, Gesty Oul
31
4% holders exchanging their shares is for shares in Colorado, it suld,
It would not involvu a sell-out: of British oil. Intereals.
15
411
73??
The newspaper added that 72 Colorado hot accepted the sale- 497 guards which, the British Gov- 404 ernment Jaid down in the recerit
4710
4 Texas Oll Company's take-over
11s
of the Trinidad'Oil Company...
四
-If the deal went through, said.
the paper, dividends would be
paid in US dollars, A
NO COMMENT
* London Supt.
cosman of the Trinkkid
•Deyslopment 'Cand-
that, the Com❤.
Krant toʻmake.
point higher with no zales re- ported.
Domestic No. 0 sugár futures closed unchanged to 2 points lower with sales of 9f contracts, Futures:
Contract No. 4 (world) |
Del.
Mar
May
July
Sept.
Epol-(conia per lb fob
Cube)
Open Thiereu i,aji soniracia,
mirset Na, e
320
RERER
LIVERPOOL PRICES
Liverpool, Sept. 30 Cotion future closings,
pence per lb, were as follows: Old contine!
Dec./Jan.
May/June
Antwerp
Hamburg.
&
Bouth
in
Jur 10th Now. "SURAT"
AND HOMEWARDN ALL VEHBEL QU' FARDS
VIA PROCEED TO NAVE LIBERTY CANAL, CAPE of 60OD HOPE OR PANAMA CANAL AT OWNERS OPTION.
from U.K.
AVEZ
24.02
24.70-20
24.80
24.00
SAO PAULO PRICES
Sao Paulo, Sept. 20.
future closinge, in kilo were AS per
30.00
36.00
་
39.30
39.30
32.30
In the US. the average spot
price was 39,00 cents. totalled 60,580 balc», — United Press.
+
BRITISH INDIA S.N. CO., LTD. LESS - A HUNDRED YEARS OF SERVICE – ENSU
from Calcutta "SANGOLA" due 30th Sept
sais Jet Ocì.
"INCHSTAFFA"dve
for Japan
0th Oct. salia 8th Oct.for Singapore, Penang,
Rangoon & Calcutta
for Singapore, Penang Rangoon, Chittagong Calcutta
"WARORA" da
Bib Det salis 10th Oct.
P. & O./B. I. JOINT SERVICE
"UMARIA"
Saica
"OZARDA"
"URLANA"
Oil Stocks
Decline
Washington, Sept. 20, Stocks of domestic and foreign crude oil in the week ended September 8 totalled 273.403,000 barrels, compared with 278,720,- 000 in the game perica last year, according to the US Bureau of Mines.
Domestic slocks dropped by 4,304,000 to 260,994,000 barrels and foreim alocks were down by 101,000 to 14,471,000 barrels Tho lesling, srediting sintes des California all recorded declines, 5.44.ca origin, including
heavy was down, 1,430,000
085 360
Mota. per 1s, OLE NY
173.000 bartels;
14 120 230,000, Lcuialana
cd Oklahoma. down by 16-17,001,000 End" Okkluma down by 80,000 to 20,002,000 barrels, China Mall Special,
·
dor 2tzt Bept.
Alin 22nd Sept.
from Japa
for Singapore
Madras.
chl.
Colombo,
Basrah, Khorramshahr ä
Kuwait
due 22nd Sept. from Karachi & Bombay sails 24th Sept. for Japan
Ano 2901 Sept. walls in Oct.
from Japan
Bhaunsgar.
for Singapore, Bombay, Karachi, Daerah, Khorramshahr & Kuwalt
EASTERN & AUSTRALIAN 5.5. CO., LTD. -"ARAFURA” loads Bil; Oct:
1851 9th Oct.
"NELLORE" due 11th Oct.
tor Sandakan Rabaul, Brisbane, Bydney, Male bourne & Adsiaída from Asstralia
All vessófa hure liberty to rail át agy Horta on- of off the route & the route de antling usó mhjort to change or amendment with or without notice,
For full particulars apply to: MACKINNON. MACKENZIE & CO. OT HONG KONG LID. Telephone Nov 21121-4.
5
9