New York Cotton Futures Finish Mixed
New York, Jan. 29.
Cotton futures today staged a smart rally over a shaky start, only to run into renewed hedging and liquidation and finish with mixed changes.
· Old crop July contracts reach- ed a new seasonal high while new crop months railled fully 51 a balo from the early lows.
01
0333
4415
all-tloze high.
10
Last year the world's
steel blerest
7
producer
Twenty Century Fox Film
Union Carbide
Unto Pitelfie' Railway
107xd 281
United Alreft
U.S. Toi! ***
U, S. Line C.
US Smelting
US. Gypstiin.
US Rubber
US Steel
Whner Bros.
Westinghouse Electric West Va. Pulp & Paper Woolworth
-United Press.
RUBBER PLANTER OPTIMISTIC
earned $347,864,150, or $0.01 share on record sales of $4,228,869,270,
In 1955, US sleei report- ed earnings of $370,099,388, or $0.44 a share and sales Of $4,097,680,287-United
Press,
WORLD RUBBER MARKETS
Day traders' liquidation at the close, however, eliminated the sain to close the market ret 5 lower to 3 polnis higher. Opening prices were up 1 to off New Orleans closed points. off i point.
New crop month reflected covering In anticipation “of " higher January parity price sup- port,
scheduled for publication
a
Lomorrow, and the ensuing an- nouncement on the Gove ment's interim loan rate for the new crop.
rivo
White expectations were for a In the parity base, sorpe un- the per- certainty existed over
which of the support rate,
experts makh could range between the legal minimum of 75 per cent and the 8234 base existing on the urrent crop.
Possibility in the Government's
psy cent
export programme of a subsidy arrangement also attracted local covering.
May July
October December March
May
July
LIVERPOOL
Futures closings, in pence për lb. were as follows:
Old contract
Mar/Apr.
May/June July/Aug. Del/Nov. Dea/Jan.
New Contract
Mar/Apr.
May/June
July/Aug.
Oct/Nov. Dec/Jan
Egyptian Karak
fan/Fou
SAO PAULO
#8628 THEIR
88448 22946 S
50.00
Futures closings, in cruzeiros
per kilo were as follows:
May
July
Oct. Dec.
prico was Agriculture Secretary
30.50
amquoted
30.60
In the US the average spot.
33.50 cents.
Sales totalled 23,313 tales, United
New York, Jan. 20, The rex rubber futures con- tract today 'closed 35 to 40 Mr Benson indicated his depart
Press. sales of ment is about to decide on such paints higher with 149 contracts.
a change. While some major farm
organisations and
January
March
May
July
November
September
January
31.40
31.95-32.00
31,35
33,00
30,60
30.40
30,20
101
makers from cotton arcus have argued against any change, the Secretary said cotton exchanges have urged a change to a subsidy arrangement, similar to opera tion of the wheat programme.
The corticated stock remains-
Penang, Jan. 29. An open market for rubber this
year gave grounds for The current January constract | "cautionis optimism. Chen Sun, President of the contract closed 35 to 40 point
Mr Soon expired at the close, Standarded at 2,950 bales. North Malaya Asiatic Rubber higher with no sales reported. Month
York Stock Exchango for 'Association, salu here |
bond volume was $5,240,000.
American Stock Exchange US
volume was 020,000 shares,
Dow-Jones closing averages were as follows:
30 Industrials
20 rulis
18 utilities
03 Mocks
45 bonds
Comm. future price index.. Commodity spot price index Moody's Index
Ailled
Closing Prices
Chemicals
Ailled Mills Inc. Allis Chaine
American Airline American Cable & Radio Corp, American Cyanamide Co. After. & Forgn. Power American Metal American Smelling Am. Sugar Ret.
American Tel & Tel American Tob. "B" Anaconda Copper Armeo Steel Armour
Canadian Pacific R.
Atlas Cond. Mining Baldwin-Lima-Ham. Canal cased 4 Baltimore & Ohio
Bendix Aviation Corp. British
bonds Benguet Cona, Goverment
Bethlehem Steel were VITY active, although | Boeing Airplane virtually all of the well-known Barden (The finished unchanged. Those that rulla pace, in did inprova closed DI 4 Cùng với có.
Cat. Tractor higher,
German Celanese Corp. non-assented
C.L.T. Finonetal Carp. Dawes and Young Loans yield-Chase Manhart, Bank Climax Molybdenum Commercial Credit Commonwealth Elec. Consolidated Edison
New York Sugared sterling while their of- Cinyster Motore
Market
New York, Jan. 29.
senteds dropped a few shillings. Colgate-Palmolive Co.
non-asserted Potash The Loans held unchanged while the Seven per cent assented jumped
two sterling centa rose
World No. 4 sugar fu- Press. tures closed today 5 to 17
points lower.
The domestic No. 8 sugar
futures closed unchanged 10 4
pointa higher.
and the 8 per one sterling-United
Singapore
The world contract regained Stock Market
a foothold after a weak opening
witnessed a drop of 4 cent a
pound, the daily permissible
Siampore, Jan. 30.
Ilmit. Brodscale liquidation, Brokers today quoted the sume of it credited to foreign following stock prices: account, uncovered stop loss
selling. Buying on technical
reasons and a
trade
demand
Opening Batu Lintang Rubber Co. Ltd. $1.83 British Borneo Petroleurn
Syndicate
... 01/00 Consolidated Tin Smelters
31/3d Orl. Dealers sald It was difficult Frer & Neave Ltd. Ord... $EXT
Fraser Neove 7% cut.
............. $4.00 prof.
brought the subsequent rally.
raw
to quote prices in the market pending some signs of Gammons (Malayal Limited #2.07 stability in futures,
Hongkong & Shanghai Banking
Corp.
Steadiners of the domnestic Hongkong Tin Lu contract reflectra reduced hedge selling and trade buying.
Futures:
Continental Out of Del. Crane Co..... Cron Kellerbach Duban Amer. Sugar Diamond Alkali
Dupont de Nemours
Mastern Airlines
Eastman Kodak
El Paso National Ges
Ford Motor
General Eleelte
General Foods
Gen. Pub, Util
"open
Mr Soon said last year the consumed more synthellt rubber then natural, but Malaya was
ted by having an
China Was
now a ble 470 92 potential market for Molagan 148.45 rubber
and he urged Malaya 18028 to acck potential customers for 9031 natural rubber in the countries 160.47 or Europe-Bouler.
429.50
9112
233
40 6011
US Economy
Moving Ahead
New York, Jan. 29. Following a lovelling in the 10% upward trend in the first aine months of 1056 the United Stries economy continues 16 15 move ahead at a good pace, ac- cording to quarterly survey of
Chase Manhattan Bank. 192
The Bank's report says avail.
evidence 85% able
indicates demand will continue to press against the United States ability 15% to produce at least for the im-
mediate future.
17014
61
0:0
10
4211
49
643%
04
the
that
and
March
May
July
Jomary
November
London Foreign Exchange
London, Jan. 20.
Closing rates were:
Volume Open interest | New York
6,700
Montreal
March
14,700 203,700
May
32.00
31.3
July
10,800 11,800
393.400
Amsterdam
180,500
|Brussels
Oct.
248,000
Copenhagen
31.00
Dec.
4,000
30.40
Mur.
2,300
99,700 30,700
Frankfurt
Milan
30,20
May
July
1300 1,800
22.300
Parb
Total
0,100 63,300 1,080.200 bales Vienna
Stockholm
Zurich
NEW YORK
Others
were
Proad.
35.15
ΕΠΙΣ
51.81
34.27
3365
The steadier undertone
of overscap flected the action markets, although overall activity was on the quiet side as traders anticipated the co-coming Prices of futures closed today Chinese New Year's holidays in as follows: the
Far East.
Spot Intra-dealer
Maret switching provided intruding
May feature, including exchanges of July May/March and exchanges of January and March contracts for physical rubber. Far Eastern shipment offerings were re- ported in fair quantity but above
workuble
basis, Domestic factory interest re- mained on a sub-routine scale. Locally, Spot No. 1 Ra was as follows: quoted at 31% cents a pound,
March nominal,
SINGAPORE
The market opened higher OD overseas advices and it ruled steady but quiet throughout the day with trade covering before the forthcoming Chinese Now Year holiday and renewed over seas interests for lower grades. Futures:
No. 1 rubber per 1b.
Feb.
Mar.
No: 2 rubber per b. Feb.
No. 3 rubber per
Feb.
No. 4 rubber per lb. Feb,
por rubber unbaled
Blanket crepe
pale crepe
LONDON
78-80
103-104
These factors are cited: Busl- ness plans to invest 11 per cost more in nów plant this year tang last, Federal, State lecel Government budgels call. 40% 201 increased expenditures of 45%
perhaps
05 $5,000
The market was firm with for the calendar year, spot quoted at 27.3/16 pence per
markets consumer
"firm 23 though
competitive sales
110
J
મૅક much
5*** 1957 autos
183
Во
Are
of
b. Prices: ****
No. 1 Rsa spol
Feb.
2714-2713
Settlement house termi
2736-273;
Mar.
are off to a fairly 45% good start but few observers think 1055 records to be broken. JUL
Overall activity in dollars is Dnow almost six per cent above but with higher year ago, prices accounting for more than one-third of the gain, he real
General Motors
Glidden Co.
33
Goodrich (8, F.) Co.
Goodyear Tyra
70
Gulf-Oll
Homstake Mining Co.
Hoyden Chemical
Ingersoll-Rand
and Steel Co interchemical Corp. It, Business Machines Int'l Harvester fum, International Nickal Int:) Tel **TRA Katka C. Power & Light Rennecott Copper
Liggett Meyers Tob. Co.
Lockheed Aircraft
Low Incomp. Vis Lobo Star Comment Co. Louisville & Nashville .
Montgomery Ward
Motorola Inc. ****AN?
$0507
Kempas L
$1.42
Linas Rubber Zetateni Lid. 2.60 Malayan Breweries ....... New Serandah Rubber
Lowenstein & Sons
Bewabi -Tron: Corp.
03.07
Minnista Mining
Miaston Development
Monsanto Chemical Co.
Contract No. 4 (world)
Petaling Tin Lid.
Raffles Hotel
March
5.00
Singhboro Cold Storage ·
$1.58
Miy
5.68.59
Bolt Tria Irinirance
"May July
7714
July
$.50-00
7612
September
8.00
Strpits Trading
-70
Marci
4.50
Steamship
4.45
United Engineers, Ord,
May
20otal write: "1.791 CONTACİK.
Ful
Barity
July
Flax cod
July
Oct.
Wheat No. 3, 160 cents; No. 14434 cents, United Press,
Spot (cents per 1: fots Cupa)" 0.50
Open infereal: 6,000
Contract No. 8(domestic)
March
Kaya
July
Beptember
Total Kalou: 137 contracte. Spot (cents per tb, elf NY
ex-duty)
1
0.08 contracts,
Urátoch Pre
Open Leskermat ; 0; 0,973
Wearne *Eroj.-14.
cundly.China Mill Special
•National Casta Beg." "A" National Dairy Prod. £39.50 National Løgn
Washington, Jan. 29.),
National Steel Corp. $15.00) zwar Sórk Centrálí
19.00
Olin Mathiesoņi vis Dile Mevator .......... Dert-Dino Gia Paclig. & Diep. Bar Americến Paramount Pictures The State Department and Patke pavler Co Penny C. Cp. nounced today that Italy has in- fan, Bali Co. formed tho United States Pilipi
Procter Gemble Co/1 Government that it
btrict its shlliments of Pittsburgh, leter Class
1955, PublicKee Indi veleons to the US during 1957 to Pure Oll 1,375,000 square yards-United Radio Corporation
Republio Atwol Press
Bernica: Metal
% advance is close to four per
cent-China Mall Special.
NEW YORK METAL FUTURES
New York, Jun, 29, Prices of metal futures close today in cents per Ib," "as fol lows:
15.600
Load
Zino Jan.
Jan Job.
Feb.
Copper Jan.
Teb.
Jan.
Teb
Jan.
ملح
15.40
18.356
13.15b
30.30D
30.000
101.75*
100.43b
101.Tob
1901 203.786
fotandard) 1 istruit); — United
LONDON METAL PRICES
London, Jan. 20. Prices of mbala Eldred today In starting per long top as fol
inspot
Land and
Sine 2nd half
· Lovers méltórs
700
Apt/June
July/Sept.
Oct/Dec.
General marketa, cif basis.
Feb.
Már.
Apt.
Estaito crepe
Tch.
Mar.
AMSTERDAM
י יר
The market was steady today. Prices "closed in guilders per kilograma, cit Sch. as follows: No. 1 rubber
Tubber rubber
сере
2.04 buyere 2.8% buyert 3.09 buyers 2.00 buyers
*Unitéd' Preis.
LONDON SILVER
PRICES
London, Jan, 20. The price of silver realus today 80 ction od per dine ounce fer spot and 7024 pence" fótforward. Unib
NAMESAKES
Că. Berengaria,
12 Denkmalion, 13 Flag, 14 Liver
pool, 15 Ribandyti
Sir Samuel Cunard,
May
-2.79–13/15-4.1936
10.60
140,00-140.2}
173014-10-30 1177439-13.443% $78034-1700
14.30-14.50%
72.00-72A7
17.2734-12.373% changed-United
New York Foreign
Exchange
New York, Jon, 29.
October
December March
July
Closing rates were: Canada
Prices of futures closed today England 30 day 00-day
Irna
Spot
NEW ORLEANS
***** $1,06-8/32 futures 2.707 futures
2.31
2.78-13/10
Uplied Prem
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