TRADE
THE CHINA - MAIL, FRIDAY, OCTOBER 19, 1956.
and
COMMERCE SECTION
SHARE MARKET KEEPS STEADY COTTON PRICES
No Post-Riots_Plunge
BRIGHTENED UP YESTERDAY
By A SPECIAL
CORRESPONDENT
In only three days' trading this week, the share market has hardly had a chance to reveal any trend. But what has surprised Ice House Street men is that last wack's rioting in Kowloon has had only a very slight effect on the market.
Rates for American T/T hardly changed during the period of trouble, indicating little or no increase in demand. And apart from slight hesitation on Thursday last and again on Tuesday, the share market has shown no appreciable change.
k
TODAY'S SHARE PRICES
(From Our Correspondent)
But nes
*
close in te ih og
Sterk Exch. mgr 121
1
The tally this week le fourteen hares steady, nine lower
und
hirder Last week 11 WIN beleven steady, ten bigher and
right lower.
yesterday A broker told me Hud Tuesday's hesitation might have been due to a litle cuts port selling One Chinese bank old a small parcel---but with a for of $970,000 total turnover the day you run, realise that the norket was not unduly affected. Brokers pointed out yesterday that London did not sets for be
rix of duly perturbed by reports Fits fr the Colony
On Thurs.
The for the Trus colled in and the curfew
amounted today mately $483.000, Nuon quota- tions und the morn na'n inkonve
Shares Buyer Seller Salts
1830 15
BANKA JK bank
المارينا
Wheelock.
were
WIN
Hongkong mit Shang-
Fod Bauke put on Et to £93. The side they put on an- other £1, when the
se had closed down
market
Yesterda afternoon. condi- bghter (0)
and
245 futed
Wadhurs
o Wednesday
vetenday morning. Docks, Yau- mall Ferry, Electrics, Telephones
uld and new,
Cements, Dairy Farms and Amalgamsted
231040
244
1
INSURANCES
1000
1010
Lombard
44"
SULEPING
Asia Nix
120
30001223
x Au
7 10
720
14
400 $13
1 x
were all
4514 401,
10 12 10 12 50
1
14%
DOLKE. ETC.
K Whort
[HICH
LAND, 110
BK Blutel
HK 1 and
Humphrey's RUBBER Amalg
PELITIES Tr.an
XI
Stur Ferry Youn ate
Light 01
Telephone
13.40 13 3500
NJ
1 19.00 1000 4 10
1:00
1016m
23.07 23 10
700239)
10030
10
1
2020.JU
1100 23
762
100023 20
N1 24.20 24'.
0) 24.20 5 40
IN) 24 20
INDUSTTUALN
3830
13 ja
gainers
Realty Dividend
There is no special
Icut- the
company Hongkong Realty announced a final of five:
Lo
repurt.
rents which, with the
10-Cla
interim, makes an unchanged 15 cents for the year
But the
The Share Market At A
BK Banks Lombard
Unlon.. Underwriters
Provident 11K totch HK Lands Humphreys [{{{_R*a}!» IK Trans Ик Star Ferry Vornalis
down
---100
wendy
steady
500
WORLD
RUBBER MARKETS
New York, Oct. 18. The No. 1 Rss rubber futures contract ckstd today Bices lower
www of cales
ON DEFENSIVE
New York, Oct. 18. Cotton prices today opened lower and remain- ed on the defensive for the rest of the session.
the
Closing around
day's July lowest levels the list showed October
Leander jounes of 11 to 20 points. Open- Mareli
Total Ing prices were oft 9 to up 3 points. New Orleans etured off 19 to 25 points.
A gradual flow of quidating and hedge selling orders found trade buyers hesitant in face of a slow-down in texille market activity and
anticipating the possibility of increased "hedge welling.
Glance
Up or
Sept 20
Sept 27
Oct 4
1630
1090
1630
Oct 11 1040
Oct 18
1648
steady
430
4214b
448
42b
4234b
+250
1010
1095m
1005
1000
1005m
4.85
8.80n
8.200
8.80n
8.80n
8.8011
steady
Union W'boat
23.80
33.602
23.800
23.700
23.60n
Wheelocks
8,95m
9.15
8,20
HK Wharf
etb
93356
0,05 BK
1.15mca
85
HK Docke
4144b
4334
4314
13.80 15,30 654mxd
13.903
13.90
15.400
15.30
4574 13.00 15.406
4534
18.30
15.40
-100 steady
14
0314
6434
64
with
201
20
1934n
19.70m
+200
1 450
145
1.43b
1.Bid
1.425b
steady
Coracia
Dec
33.00
22.40
21.70
23.70
23.70
23.60
1350
139
142b
110
111
112
142 112
145m
109
Hex contract closed 20 to 40 poln lower with sale, of 108 contracts,
Nore
32.03
24.50
24,80
24.70
24.90
24.90
steady
Jan.
31.05
21.30
22.10
24ce*
24.20
24.206
steady
Mar
31,00
2134
3141
3134
3%
22
steadr
May
31.25-30
24.80
24.90
21.80
200
20
25.10
+100
July
30.78
Sept.
30.03
37
37
38
10
30
3844
250
Nov.
30.00
questing hedges against loans on cotton.
18.70b
10.20
15 hoxd
10 GO
15.30
atendy
12.00
13.00
14.20
14.10
20.60%
29.00*
29.40n
29.40n
13.90m 29.401
6.705
0.80m
4.00m
5.05
6.750 5b
8.05Axı
Kteady
10.00
18.00%
10.40n
10.40n
4.95b 19.400
50
Dec.
MAT
steady
May
4.40b
4.80
4.50b
4 4011
7,25b
1.40
7.306
7.30
4.35m 7.85
nloady
July
+50
Бел
Nay
e-cum cull
Ch Lights (0)
('h Lights (n) Steetrie
HK Telephone G-ment Dairy Farm A.. Watson Lane Crawford
Yangleze Allina
HK ATF Iny Pestle Corp Nanyang
Canadian Bank
Rate Increase
Ottawa, Oct. 18.
The Blank of Сана announced it bad increased Its Interest rate to 34% per ernt from 3 per cent, effective immediately,
This was the sixth change
rale in fourteen
the
In months.
The announe:ment gave no reason for the increase but it appeared to be almed at encouraghuz ilzhtening of thr monty market against inflation, — China Mail Special.
Pakistan
Cement
Exports
Singapore, Oet, 18. Paki ten was row a posdien to Malaya
6.80m
-100
--Z0c steady
Wall Street
Street Gains
First Time In The Week
New York, Oct. 18. Stocks scored their first gain of the week to- day under leadership of steel shares and selected special issues.
The industrial und ralf groups | Chryster Motors both moved up after carly eariness and finished with Average gains-$1.65 in the in- dustrial, 009 n rulls,
Trading a 1,649,000 just matched yesterday's turn- aver but the best rotume came
the Mssion lote in moved up.
Of a total 1,098 lexues traded, higher on 142 were 375 lower
Bethlehem featured nil opening up pout at $167. dropping to $160% then recover- Laderd will be paid to export Cum
ing in late dialings to Sigl, up S
following an ine;case in
in rumours p:o-po!ut Dr. B. M. H. By the | Pending stock spil.
T: whe
$4 mill
1
the
52
י
200 23.30 min can be two istes last today
Cement..
HORES ETC.
200
15
1300
101
.. #370
14 ** 1
71
Dairy, XD 10:30 102
Wal
COTTONS Ninying
INVESTMENTS
Aled
4.03
Singapore
Stock Market
Sirtora, Oct, 19. Brokera today
152 aoled following stock prices:
Opening
Co. Lintang Rubber
Fraber & Neave ? cum,
prof
R180
Looking down the list, Banks
Bro
0
נולד Com
Jer
He said that a number of in- Hongkong register) are steady
Singapor
and In Lombards ot $1,049
Mi luyu had shown an interest on buying rates, ja tan cement quarter betler and Unions $5 better on И middle inte
all Wheclerks, ex
FL $7.10 middle, are roughly steady.
He said that two factories, bullt with Colombo Plan aid Jom Canada ind New Zeal.nd Hongkong Wharf are steady
Bould have R production $95-they are still the sub-capety of 400,000 tons a year. 201 ject of
-mat cornering operation
men believe the gentleman con- cerned must now be one of the biggest shareholders.
Long List
Building material net demand.
Dow Chermenis
General Foods
Edden Co,
Goodyear Tire
Hayden Chemical
t
Standard ecntinel closed 20 to 50 roina lower with no sales reported.
37.34
31.05
31.30
30.70
30.05 20.00
The lower trend was coupled with the foreign markets and indications of arbitrage ceiling here again London purchases.
Det ler
switching of Jan- provided
Nov. contracts other feature.
an-
for
Purchasing ngents domestle farlories continued to mark time, taking on just what
needed they
for Immediate All-in needs.
Election uncertainties appeared to be having more influence in shoping market sentiment, dealers thought.
Shipment offerings continued on the light side at prices rang- Ing to cent a pound above local buyer ideas. Spot No. 1 Rss WAS quoted nominally cents a pound.
SINGAPORE
No. 2 rubber per H. Nov. 00) No. 3 rubber per ih. Nav.
001
No. 1 rubber per ib. Nov, 404 Spot rubber unhaled
Blanket riepe ....
No. 1 polo crepe
LONDON
الاول
8341-87
70-77
110-117
32
The market was quiet with
231 spot quoted at 27 pence per Ib.
sheres
Climax Molybdenu Colgate-Palmolive Co. Commercial Credit Commonwealth Elec. Consolidated Edison Continental Oil at Dei. Crane Co... Crown Zellerboch Diamond Alkan
7112
47
4026
40
4+%
11015
34
The market was quiet and featureless during the day with
1936 fluctuation negligible.
Futures:
5312
Dupont de Nemour
No rubber per i
100
Nov.
as prices
Enstman Kodak
Dec.
Erie-Hallsvad
20
Jan.
#221-123 D245-023 unquoted
Family Finance Corp.
22
Ford Motor ....
General Electric
the day,
General Motors
Gen Pub, U, Getty Oil
day,
Goodrich (B. F.)
73
75%
10
Homake Mining Co.
Ingersoll-Rand
Prices:
of an in-
and Steel Co.
83
in Business Machines
488%
Int HarvaLOT
anit
No.
20-27
International Nickel
Settirment house term:
International Paper
1205
Nov.
2011-27
Stak
Drs.
27-2714
47K
Jan./Mur.
27-27 15
Kaina C. Power & Light Kennecott Copper
Apr/June
20%-20%
40%
Judy/Sept
2014-2011
131
Liggett Mayoru Tob. Co.
Oct/Dec.
20-2015
General markets, ell basis, sports;
Oct.
Loews Incorp. ...
10%
Nov
Lone Star Cement Co. Louisville & Nashville It
Dec.
20%-27 2015-2016
Estate crepe thin, Oct.
3
Lowenstein & Sons.
23
Mesh Iron Corp.
2
AŬnnesota Mining
AMSTERDAM
news
Miton Devropilent Monsanto Chemical Co.
Montgomery Ward
401
Motorola Inc.
National Cach ite
44
National Dairy Prod
40
No. 1 rubber
National Lead
100
No. 2 rubber
No. 3 rubber
in Tel & Tel
John-Manville Co.
companies Lockheed Aircraft
Rail grins ranged around point in New York Central
Dv dend and errnings effected n long list of special issues. Empire District climbed Ice jouse Street This would provide Paidistearly a point on stock split
with an exportable surplus,——
μέλος
and Simmons
nearly a neuter.
jemt on an extra dividend. Gillette fost close to n pujat on profit-taking after an announce- of an extra dividend. Lower dividends sent Undifauri down nearly a point and Elgin Watch more than a polat.
Docks at $43% are a quarter lower on the werk. Providents are also fractionally down.
Blue Chips Steady
MARKET STUNNED
The
Wpi
ол
In lanes, Hotels Bre steady. toneboru; Land down a half,
Bangkok, Oct. 18. up 20 cents Humphreys
Bangkok market Hongkong Realty steady.
Bire Chrs ree, as the whole, stunned today by the Govern teadly.
Both Lights and Elec- ment announcement of an in-
cr*.use in tries are slearly. Trams are a
import duty of. Telephones a shade corrugated and galvanised shoes, shinde better.
Star Ferry are un $1 on The Increases from 24 and middle rate and Yaumati 27 alongs to 3 balts, 50 salabgs. down $3.
The increase, which takes effect
represents Cements have slipped from Immediately. thetr $39 peak by a quarter, but a 14 fold Increas2, 12.911 there
Merchants revealed that large is no
solling evident pressure here, and unless it socks are still lying in band develops the share should re- for which the increased duty cover last week's price. Dairy will have to be pald--France- Farm and Lane Crawford
Batu
120.
Bih Burtro
Petroleuin
Syndicate
Ord.
Caprolidated Tin Smeltor
31/-
28/3/1
Franer & Nave Ltd. Onl
$4.00
Gammons (Molaya
Limited
Hongkong
Slangial
Banking Corp
Hongkong Tint atd.
Kemp d
SIMIS 5/90
ព៌ា។
31 93
Malayan Growedes
Now Berandah Rubber Co.
Lid
CERA
Petaling Tin Lid.
$3.40
RaiTien Hotel
Ez 50
$1,00
$34.00
ilonally off
$10.50 $48,25
$327
Lu Rubber Estates Ltd.
Bingapore Cold Storage
Bouth British
Lid
Ins, ratire
Straits Trading
amchip
meena Ord.
x-China
Wearne Bros. Special. "!
CHICAGO LARD
FUTURES
are Presso.
steady and A.S. Watson frac-
Oila wwe mostly higher with Atlantic Refining, Midwest and Pure Oll up around a
point Lach, Shell, however, countered with a loss close to 2. Motors were narrowly mixed.
National Steel Corp. New York Central Olin Mathieson atis Xlevators Owen-Illinois Glas Pacific Gas & ice. Pen Anjerlenn Airwaya Pararmint Pictures Parke Davis Co. Penny J. C. Co. Penn. Salt Co Philip Morris Procter & Gamble Co.
Pitburgh Plate Chi Publicker Industelee Pure Oll 1-2.22* Radio Corporation Pepublic Slee Reynolds Metal
Shell Oil Co.....
{Sinclair Qu........ Sony Mobilai
New York Stock Exchange | Saint Reg. Paper bond volume was $3,181,000.
American Stock Exchange volume was 550,000 shares, abou.
Dow Jones closing
In cottons, Nanyangs are five New York Foreign
Mall cents up while Textile Corpora-
tion aro steady.
In rubbers, Amalgamated have been active and moved up from $1.325 to $1,025 possibly on hopes of sh increased dividend.
Here is a market diary: Chicago, Oct. 18. Prices of lard futures closed Tuesday: Prices yield slight
ground. today in cents per lb. as follows:
$070,000. Wednesday: Quiet
Nov.
12.20
Dec.
13,70
Jan.
13.70
Mor,
13.70
May
13.82
*United. Press.
Exchange Rates
Bestnata was done in the local
exchange market!" shtu! troming, wt. the following rains)----
|'sterjing, bolon (per £1) EIZA
Australän. nctos), (per (21) 24% tournerien rubleh per 100)
am, ttant ·(per 100) lapore - (Brit)
no
Exchange
New York, Oct. 18. Closing rates were: Entlaqd official"
30-day futuros 90-day futures
+
<
Auziralla New Zealand T/O: South Africa" - “Pakistan
Others Wore Prese
day with change.
T/O: $550,000. Thursday: Duli, fentureless in but brighter In the
the morning,
afternoon,
$800,000.
NAMESAKES
T/O:
- Answern=-1 Archer, 3 Forest,
B: Robbery, 4 Quiver, 8 Green,
{0 Sherwoða, 7. John, a tolling=
In 9 Ishid
120 1... Robin Hood.
2.78-0/10
27736
were:
30 Industriels
20 rails
16 titles
I stocks 40 bonda
Comm. future price Index Comm wpc1 price Index |Moody's index
South Puerto Rico Sugar Bouthern National Gas Southern Railway. (Com.) Steep Rock (Torontoux.) Standard Brands averages Sundard Off of Cal
Piandaed Oil of Ind. Biradard Oil of NJ, 480.31Sterling Drug Co.
101.13 Stokely-Van_Camp.
Studebaker-Packard Corp.
Closing Prices
Aldon Inc. has Allied Chemiests Anja_Mille Inc. Allis Chalmers .......... American Airline,
3.32-14/16 AR Cable & Hadio Corp.
American Cyanamide C
2.18-10/10 Am. & Foreign Power
unchanged,alted
At Ms. J Fory American Metal" American Bmehing Am. Bugir fiftee American Tel & Tai American Tob. "B"
London Foreign Abbond Copper
Exchange
London,
Closing rates
Naw Mon
Ailes Cera, Mining Esaldwin-Laina-Eləri, Myltimore, &: Dilà: Basin Aviation Cor
Bethichem Steel Boeing Airplane
7834 | Borden. (The) Co,
Burrough ad
Canedler, Padño.
Hurd| CIT. Finano) Coars
172.09 Swit & Co.
94 Do,
183 73 de Water Anm. Of
101.57 Twenty Century Fox Film
418.30 Union Carbide
| Union Pacifé Rallway
United Aircraft
UB. Yo "1"
|UB. GypsuITS
11. I/ne Co.
UB. Smelting
833%|| Warner Bros.
31% | Westinghouse Electric
West Va. Pulp & Paper ...
UJIOMEDONA | SLEE
036
2016
$
401
The market was easier. Prices closed today In guilders Der kilogram, cif Nov. as follows:
No. 1 crepe
Selling interests lo sought confirmation
that of reports some 'southern banks were ft- their
10,000 148,000 21,000 100,000 Vaca
2,200
00,000
9,400
154,800 1,400,199 bales
NEW YORK
Prices of futures clozed today
La follows:
Spat
Dee.
Mar
May July
Oci.
Thed
Mar.
34.30
33.80.81
33.01-52
33.93
33.36-37
12.63
NEW ORLEANS Prie's of futures closed today
as follow:
Spot
Doc.
Mar.
May
July
Ceri
Dec.
Mar.
LIVERPOOL
32.05
The increased rate of pro- ducer toan impoundings, atid the possible effect of the soll bank programme on next year's
Future closings, in pence per production, had a lessening im-th, were en follows:
appeared discounted pact and
for the time being, sellers gaki, Producer loan entries for the week ended October 12 reached 202.246 bolcs, largest for uny week since the season started On August 1. Alter deduct- ing withdrawals of 210 bales, the not stock held by the agency totalied 1,090,140 bales com- pared with 767.464 bales to the sarne thine last year.
In addition. the loan stocks held included 6,047,490 bales from the 1955 loan programme, The certificated stock remained a 2,670 bales.
Month
December
March May
#
Volume Open interest
32,200 27,700
$30,500
$18,400
30,000
209,300
Did contret
Oct/Nov.
Mar/Apr.
Dec/Jan.
May/June
July/Aug
New untruet
Oct/Nov.
Mar/Apr.
Dec./Jan
May/June
July/Aug.
Egyptian Karak
Nov/Dec.
SAO PAULO
18823 88888
23.09
00.00
Futures closings, in cruzeirow
per kilo were as follows:
Dec.
Mar
May
July
Oct.
30.20 *9.39 In the US the average spot price was 33.15 cents. Sales totalled €4.170 bales. — United Press,
P.O BI EA
COMPANIES
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FREIGHT SERVICE
Leaves London
Doe Hongkong
"CARTHAGE"
Salled
zath October
"CHUSAN”
→
"CANTON"
**CORFU"
413
12th
November November 7th November 10th December
Vi Houthampton, Colombo, Penang & Singapore,
Dumewards
"CARTHAGE"
"CHUSAN” "CANTON" "CORFU"
Leaves Hongkong Une London
ist November ath November
30th November
15th November 14th December
3rd December 10th December 14th Jantze37
Via Singaporo, Venant & Colombo.
FREIGHT SERVICE
"SOMALI" due 20th Oct, from UK
for Singapore. P. Zwet- "HINGAPORE"Jonds 251}; Oct.
tenham. Havre, London, famburg Hotterdam, Antwerp & Grange mouth
2 63 buster
2.01
2.85
3.35
United Pros.
"BURAT"
"SUBAT"
New York Sugar
Market
New York, Oct. 18. World No.
4 sugar futures ono 38 closed today unchanged to
point lower with zales of 170 73 con.radis.
2815
Domestic No. 6 sugar futurės closed 1 paint higher to 1 point lower with sales of 152 con-
*
3014 tracts.
E3%
#14
Trading buying in world con-
38 tracts was coupled with the 19% substantial
in the reduction
Sir Cuban surplus p.ocks.
"PIRALE: POSKILL-**
LONDON METAL
FUTURES
London, Oct. 18. Prices of metals closed today | in sterling per long for as] follows::
featured Domestic trading continged covering in the Nov- ember delivery before its ex- piration tomorrow.
Contract No. 4 (world)
March
May
July
Spot-(centa
Sept,
perib.
Cuba)
3.34
Contract No. 0
MAY
July
Bopt
Nov.
Spot-(tents per' it, eit
NEW YORK METAL »
PRICES
New York, Oct. 18. Phoca of metal futures closed Der foday In cents per 115" bà rollov
(October)
mber.
Pisani, October:
"odpper Oetobey
due 9th Nov, om UR
Inade 2nd Dec.
far Singapore. P. Swet- tenham Havre. London, Hamburg. Rotterdam, Antwerp & Grange rsouth.
from ..
SHILLONG"due 12th Dec
ALL VESSELS OUTWARDS AND HOMEWARDS
HAVE LIBERTY TO PROCEED VIA BURZ CANAL, CAPE OF 000D HOPE OR PANAMA
CANÁL AT OWNER: OPTION..
BRITISH INDIA S.N. CO., LTD.
1858”—– A HUNDRED YEANS OF SERVICE -- 1858
"BANGOLA" dan 21st Ont.
sails 22nd Oct:
"SANTHIA"
*
dus hth Nov. alls Gu Nov.
From Japan
fer Singapore, Penang,
Rangoon de Calcutta
from Calcutta'
107 Гарма
P. & 0./B. 1. JOINT SERVICE
"ITOLA" In Port
salis 19th Oct,
"ISMAILA" duo 28th Oct.
salm 26th Cot.
from Karachi & Cochin for Japan
from Bombay, Cochata. Colombo & Slozapore for Japan
EASTERN & AUSTRALIAN S.S. CO., LTD,
"NELLORE all th Nov. For Sandakan, Rabaul
"NANKIN”
intje Bih Dec.*)
Brisbane, Sydney,' 20a5- borno de Adelaide va
fet Sandaken; zabaut, Brisbane, Sydney, Mel-. bourne, de Adelaido
All vetzels have liberty to eat at any ports on for our the route as the rosen as sailing neo anhjøet ta, channeĵor amendment, with or without notice."
For full particulars apply to: MACKINNON, MACKENZIE & CO. OF HONG KONG TID. Telephone Nos: 47721-4.
鄒