Page
THE CHINA MAIL, FRIDAY, AUGUST 28, 1959.
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
Paro
LONDON TAKES OVER FROM
MARKET EASES AT CLOSE N.Y. MARKET
Both Rubber And Cotton Sections
Well
Supported
The market ruled fairly steady through- out the week but signs of weakening were evident at the close led by the easing off of both the electric com- panies' shares.
HONGKONG
STOCK
EXCHANGE
¿Que Owesś
اره
Profil-trking is weld resport» sible for this light easing ail
certain plus a
Amount hesiuney with the approaching enquiry into the electric cumi- panies.
Large blocks of both China HK Electric shares Lugh! and have changed hands during the week with sellers predominating. The main feature of the week. was the support given to LIN mibber stetion, Both Amalga- mated Rubbers and Ayer Tawait slawed appreciable gulus.
Banks and Insurances were in Business done on the Hondeinand at lower levels. king Stock Exelunge this
morning amounted to approxi- The cotton section enme into mately $674.ADO, Noon quota-demand and both Textiles and tlons and the morning's transac Nanyang showed good guns,
timos:
Starex Buyers Fruct Nutri BANKS 31.
INSURANCEA
9.01 1953
اوانی 1
فر احمد محمد
134
14 A
220 1... DI
In industriale, Cones con- Tinued to be well supporteri while Amoy Canning met with unsatisfied buyer,
10 Store Lane, Crawfords wire oregular and, having re- covered after an early decline, jensed of again at the close. 101 Dairy Farms were fairly wet! Epported at practically no price.
Lohard
SHIPPING Wheelock
030
5.40 10,00
10
DOCKS, ETC.,
K. Wharf.
141
10%
Dock.....
Providen
1300 1240
POLAR
·
13.30
32
id
LAND, ETC.
ак
HEX Land
Talkewa
Hotel 28.40 28 10
Humph
trails
AUBER
Antrig.
Truck..
A Tawah
S. Kelantan 155 1.3 100+
UTILITIES
TA
34
change.
the
winke
were
Prices on fairly steady.
Volume of business transs.cted 15 for the week was approximately
$7.500,000.
Market Diary
17 1790
1.53 230
545.5
3.30
4.
3 275
420
3.25
3.00
POLA M
....
500
109)
EXX 40 40 29.46
Friday:
12
013 20
112
3)
Taten
K
zula
1500 6
2010
300.
20180
418X1. 29.10
10*) ---
KRO
20.
33.
Monday:
Yetunatt
LG 1936 1939, 100.
Electric
25 2026
Maroo 11 1020 Telethone 8.20 20 40 INDUSTRIALS
- 3376 34'4 Cent STORES, ETC. kare, 4'rans COTTONS
Texte...
Alled.
11.K
انی ادامه دارم
G
3000 ...
+ 2+
FRX
10.30 10:00
F.E. Invert.
XD 11.30
The
440
New York Cotton Market
New York, Aug. 27.
cotton markel eon-
Linued dull today with
prices finishing slightly
Tuesday:
WHR
market The steady during the day insulting in a satisfactory turn- The rubber wel Was
Tuin- over was aproxİ- mately $1,687,000.
over.
section
supported.
*Pac market WAS active. Interest was cented chielly in the Utility and Col- tom groups. Volume
IK Bank
Lombard
Unlun Wheelock HK Wharf
IK Docks
Taikoo Docks Provident HK Hotel
TIK-Lands
28.50
A Glance ★
✰ The Share Market At A
Up or
Dividend
July 30
Aut. I
Aug. 13
Aug. 20
Aug. 27
Down
034b
0700
BTO
955
945
-ད་་
87b
38b
40b
406
steady
62
B3140
382
86
$5
-$1
& Bonus $18 $4 $3.40
Yield()
5.2 4.0
0.30
6.35
6.35
100
101b
101
4.30 1036.
0.35
leady
750
1040
+$1
38
11.8 72
4340
1332
44
4935.
+250
35
11
3244
3314
3231
33
32#
-250
$2,80
7.8
12.60
12.10
13
13.30
13.300
steady
$1.10
{
8
28.20
28%
28.60
284
-10c
$2.50
8
35.50
37%
30%
36
36
---250
32.40
5.5
1.00
1.075
11⁄2rd
2014
30%
29.10
1.575xd 20.00
1.525b
steady
Абс
0.3
201
-100
$2
6.3
1311
138
137
133bxd
135M
steady
$9
5,8
111
116
114
114
112
3.8
0.8
Ch Light
IR,30
18.00
.18.30
18.20
17.70
-500
$1.10
0.4
Electrica
28.70
20%
29.10
20.10
20.10
steady
$1.90
4.4
HK Telephone
28.30
28.00
28.60
28.50
26.20
200
31.76
0.4
G. 1. Coment
3414
341%
34
343H
34
-250
$3.25
2.4
Dairy Farm
17.20
17.00
17.40
17.00
17.00.
steady
$1.525
8.4
А. В.
Watson
17.40
18.10
18.10
18.00
18.50
-10c
$1
5.4
ZI
19.10xd
10.20xd
6.40b
6.90
4.90
4.05b
4.60
4.70
11.70
11,60
11.70
G
0.10
6.10
21.30xd
6.70 4-925 11,20bxd
G
20.00%
~30€
5.B
G11
nominat
Tác
1.9
4.00%
250
G.G
11.90xd
+706
7.6
10%
10.00
10.30
6.20 104
+30r
650
10.J
+40c
70%
HK Realty #IK Trams
Har Ferry
Yaumatis
Lane, Crawford
Int'l Investment Allied
HK & FE Inv Textile Corp Nanyang
10.10
*
0.5
Sharp Gains Scored On
New York, Aug. 27,
Wall Street enjoyed one of its best days in a long,
time today. Stocks scored sharp gains to the tune of increased volume.
The upswing was led by such 40 bonds
blac chip issues as General Comm. future price index
Molnes, G. S. Stevi, Alcoa, Ford, Closing Prices.
Du Punt, Union Carbide, Good-Abtubi Per. & Paper rich and Johnsmanville, all up one to two points or more,
Optimism surrounding Pre- sident Eisenhower's meetings with top liers of Germany, England und France and hopes settlemen1 for a steel strike helped to trigger the demand for a wide range of securities,
All
The market closed around Its best levels of the day with etivity running well ahead of yesterday's
slow price major, greujos participated in Than advance, with individual gain running to 3 and 4 points in some issues.
Alden ine. Acy.
Alponta Steel Corp. Allied Chemicals Allied Mills Inc. Allis Chalmers Ara. Brake Shoe American Airline
Am. Cable & Hodilo Corp Angerican Cyanamid Co. Amer. & Fürgen. Pawer Ar. Gun & Electric A. Home Prod Ami. Much, & Fary American Motel Am. Natural Gas Amerium Smelting A. Sugar Ho!. American Tel & Tel Angrient. Tab. Arcona Couper Armeu Steet Artsitr
Wall
Colgate-Palmolive Co. Colomblen Carbon Co. Commercial Credit Consolidates! Edinou
Douglas Aircrafi
Dupont ite Nemata
Eastern Airline
30% Georgia Pacifle
Street
40% || Liggett_Meyers Tob. Co.
Lhy Tülip
Litton Ind.
Luckhired Aircraft
London, Aug. 27. Emphatically the week ended August 22 has been London's turn. Wall Street's setback should certainly not be exaggerated and similarly in Germany the selectively sharp setback retruccs only a fraction of the previous great upswing.
But Wall Street and thu Kervatives' bullish Germun and some other bourses have beon, falling and there are some serious doubts about some Important American prospects, while London shares have forged ahead on the beinted home and foreign recognition of their cheapness, the excelent business prospect and the Con-
clectoral prospects.
Botring some freakish upsel, the Conservatives will win and with a much larger hieresse in their majority than anybody hitherto canvassed,
LONDON
CLOSES FIRM
London, Aug. 27. The stock market closed firm today as industrials advanced on a broad front.
Steel stocks came back Into favour while engineering, elec- trical equipment, motor, texules |und breweries also improved,
Gold stacks finished firm. Cop- pers were higher.
In economics, Japan has be- come the front runner, with a | prospective rise of 17 per cent in Industrial and mining output this year.
The basis of this upswing£-~~~-~ strong export demand is ent- couraging for al industrial countries except those with overvalued currencies perkapi including the United States
The Radcliffe report's main recentmendations are bolder use of longterm interest rates us an internal regulator with les con- centration on short-term rates as an external, regulator, ami for betler statistics
in- formation. Both trends have started and it wants {her sharply accelerated.
ACHIEVEMENT
Ils Imiente achievement in
to have presented # completely nanimous report, a record in Britain since at least 1910 and a rority in the whole worki.
From the variety D! experience and of flunndal and political views represented by one judge, two professors, two bankers, two trade amionist a and two industrulists studying the monetary matters, which arc politically 49 well A. tended fancially sezitive, and some-
Umes politigat dynamite, unanimous report does Flut Foreign bonds were quietly to take them out of politles perhaps for a long time--the last similar British Assize was Jn 1931,
Ole were generally biger with the execption of Shell which sihyed on very satisfue tury quarterly figures.
Gill-edged securilles
Dollar stocks were higher. - UPI.
Closing Prices
Lifitedged Hond
Britian Trainor 3X, 1978/00- 0714
Consols 2195-£525).
Conversion LUHT
Funding Loan 3
This is
11
a social achievement of the highest order, in exireme contrast to the doctrinaire shelving of the Temoval of the ceiling Treatury band issues,
American
on
In pleading for absence of 1000 partisanship
in advocating one 1930/00-form of economie control at the expense of another, the Com- 3:23. 19/09/2004-mittee is on the rather strang ground that it thinks poorly of the lot.
43.20
151.23
40%
Continental Off of Del.
16%
$ 371;
Leeww (sentp.
31
:57
Crane Co.....
Crown Zellerbach
£72%
Lune Sat Cement Inwenstein & Sons,
101
casiter.
191
17
Cuban Amer. Sugur
20%
McDonnell Aircraft
Dlaimond Alkali
Mell from Corp.
414
zainund Gard
Minnesota Mlains
14314
mixed'.
271
Dominion Starts
Mision Development
44
Mankande Chemical Co.
267
Daw humlexis
04
Montgomery Ward
Mistorola Inc.
J
National Bine
Co.
124
Eastman Kodak
BI
National Cash Reg. "A
SU
El Natural Gas
32%
Hanat Dairy Prod.
63
F20
Family Finance Corp.
Nailonet Lead
Firestone Tyre & Rubber
Nalimat Steel Curo.
•
First Not Chy Bank
acNew York Central
445
Ford Motor Co. et Cana, Ford Motor
Noranda Alien Låd.
31
#2
Norfolk & Western Ry.
915
North Arnes, Aviation
30
Consel 41-£733⁄41⁄2.
RO
General Dynamics
Northwest Airlines (Comi...
201
100
General Electric
97%
Olin Mater
£64-0/16.
407
General Foods
Otis Elerotoma
110
784
General Motors
Owen-Bling's
in
37L
04.
103.
Gen. Pub. VII,
2011
J
Gen. Tyre Rubber
Pacific Gas & Eles,
£719.
Is
Getty bu
215
Pan American Atewways
241
Alallimore & Ohlo
10%
Glidden Ch
40
Paramount 'etares
60%
Goodrich B. F.) Co,
Parke Davis Co.
STIL
Beneficial Finance...
Goodyear Tyre
13092 Penny_J.C._C.
Bendix Aviation Corp Bengurt Cons
6915
Grumman Aircraft
25
Pern. Salt C.
311
11
Gulf OR
111
Philip Morris
00%
51 35
Beldehem Steel
372
Hasand Organ
55
Pinoy Bowes
30%
Bucior Airplane
32
Heyden Newport Comp.
2014 Procter & Gamble Co.
30
Borden (The: Qu.
na
Honestake Mining C
41
Pitabungh Nate Glam
Exchange volume
Burg Add Machine Brish Ater Oil
31
Idaho Power
47
Publieker Industria
107
Imperial CIL
401%
Pure O.......
British Columbia Pwr.
37AA
Ingerwil-Rand
Radiu Corpsow a tierr
Radio Corp. Pref,
TOIS
03-1
20.
GU
40
Raytheon
401
5015
425
Hepublic Steel
273
543
Neynolds best
100
211
301%
itary Banic of Camoda
[
Sears, Roebuck & Co.
103'S
311
123%
E
031b
Jelins Manville Co Katser Industry
17%
Kennent Capper
เกง
48
Atian Cobs, Mining BolwJa-Lit:=2¥m
Today's volume was 2,550,000 Bank of Montrent
Phares.
Of total 1,154 issues traded, 613 were higher and 333 lower.
American
was 10,000 shares.
Bada volume amounted to Calif. Packing Corp. $4.130,000.
Cana, Dk. of Cumin, Chimpbell Soup Ca. Candian_Pacific_N.
of business Dow-Jones, elosing averages | Care 13, 1.) Co. transacked was ap wwwx proximately
$1,709,000.
mi ladustajafa
24 Talks
Basiass off slight-15 utiles
ty with prives
somewhat trregular. Hubbers and Cut-
toms were favore 1. TTGver wha $1,540,000
Wednesday: The market wa's
lower on light hedging Thursday:
late in the session.
The market clores Tavo
10
three points lower after opening this morning unchanged to live
Kit higher. Now futures lini.Jest four lower.
Orleans points
icarter in the session buying by the trade and New Orleans
intrusis offset rales by committ-
sión houses ang beals.
During the susedon the Senate Agriculture Committee
proved in amendment disposal ! bik adding $1,500,000,000 to authorisation and extending the programme for three years
Weather in the belt continued Exporle for mely favorable.
the day total 2,902 bales.
strudly during the
half day session, with trading deng A moderate scale. Humphreys however reached" a new high The day's turnover amounted
to ap- proximately
$037,000.
The market fed by Electrics and China Lights reacted Ib.
lightly using fractional
generally,
15.30
Cut. Tractor
Celanese Curp.
669,34 | 2.1.T. Financial Corp.
$1,17 m.
Chase Manhat. Bank Chryster Motors 220.47 Cluelt Peubody
Yesterday's Closing
bland Steel Co.
Intereneinirat Carp.....
In Business Machines Int'l Harvester...
Internationa! Nickel
International Paper
Tel Tol
Kimberly Clark
COMMODITY PRICES
SUGAR
NEW YORK
Closing prices all in cent. per
Ingses To:71-
Contract No. 4 (world)'
was ap-
Sept. Oct.
Arch
236
200
3.00
300-01
May
3.04
July Kent
1.07
3.10
CH
proximately
$1,563,000.
US INVESTMENT QUOTATIONS
Mutual Funds
U.S. In- The following are
in Ameri- vestment quotatious enn dollars. The buyers' prices Liverpool futures, closed un- changed to five English, polits Include commission: higher. UPI.
Agreed Merchant
Rates
Maximum Beilin Canadian Dellum 15 1/2
Minimum Huying
1037/4 T
10 13/10 D.
Dreyfus Fund Eaton de H_Stock
Electronics Inv
10.22
Spot-ifah cabe 236 Total Sales: 718 contracts. Open interest: 8,406 contracle.
Contract No. 8 (domestic)
5.60 6.40
sept. Nov. March Spot-fe... N.Y. ex-duly 6.95 Tatal Soles: 13 contraela." Open interest: 1,200 contracts.—UPI.
METALS
COTTON
NEW YORK
Closing prices al; la cents per 10:
Spot: 3325; Oct: 1228; De: 37.34; Mar: 3257: May: 32.58; July: Dot: 30.40: Doc: 30.42.
NEW ORLEANS
Closing prices all in cents per IBA
Spel: 31.33: Oct: 3226; Dee: 32.16: Mar: 32.62; May: 32.13: July: 32.31; Oct 30.35: Dec 30.33.
SAO PAULO (Closing prices all-in cruzelro'i per kilo);
Nu. 1 epti
No 2 9rpt.
No. 3 Sept
No. 4 Scut.
24 Oxford Paper Co.
|KCITY LIGHTS||
107-10012
107-1078 10524-109
1001-100
103-105
MAS
LONDON
Spot rubber unbaled
ket TDE
Ko. pelo crepe
Closing prices all in pence
General markets, ca.f. barla, portatg
3131
unton
4091
4031
accretary, i represent about a million
potesi
London Bepresi derulos.
Shell Ou Co.
Saleway Store#
Saum Reg. Paper
Schenley Inc.
Bentt. Pape98
Sinclair Q11
Finding Black
Funding Loan 40%. IDENDO-£22 !%. Saving J, 3005/05-9035. Savings 33
HX0/70-BEN
Flank
Saving % 1005/75-70-1/10. Barclay's Bank "A" Ltd ord-
Chartered Bank-40 d. Hongkung-£5335.
insurancG
Union Insurance Canton-kala+ Aircraft and_Motors Brillah Motor
Corp.
Ord-17%
Ford Meter Co-79 Rd.
Breweries Dailers C-27 10:54.
Huilding and Materials Asviclated
Partland Cement-588 Minchin Johnson Aswelates Ord – 2 d.
Coal, Ateel and Engineering Babeeck & Wilcox Ltd-62% Bad, Vickern Lu
Food and Tobarro
To21 Blish American
Co. Ltd
Imperial Taborco Co., LMI-588
Miscellaneous Fardan Mardu Ltd-15 34. Brittan Oxygen Lid. Ord-t Canadian Puettle_ly-407%. . Dunlop Rubber Cu-23% Hongkong & China Gn--131, Imperial Chemical-18. Lyons & Co 75. Unilever Lid-155 155d.
Paper
Bowater Paper Corp Ord- 393 6. tadlo and Electrical Associated Electrical-Gin. Electrical & Musical ON. English Electric Co-450, General Electric-31 d.
Ahipping Indo-Chilon Steam Nav, Co. def
Steam Navigation def ord
- 714
Stores
Great Universal Store “A”—44% 74.
Marks & Spencer Ltd-504 916. Wootword F. W. & Co-53% 7:50. Coats J & P Ltd-Ze 3d, · Courtaulds Lidmat liid.
Textiles
Mines Anglo-Amertean Corp of Sculli AMICS-1970, 4354.
Cons GoldЛtelds of South Afrion-
Cons Zine Corp.
Ord-004 10:
De eers det-1744 414d.
:
DANCER
"Our community has to make up its mind to use in combina- fion and probably with changing degrees of emphasis three groups of measures"" (monetary, Escal and direct; "all of which have substantial disadvantages."
If there were linolent dan- ger of a headlong inarti it would favour controls on bark advances, capital issues and consumer credit but only be- entuse it regards there three as the must efficient sectors which ought to be left alone except m de emergencies,
It finds little anis in the Beneral Fu'ucture-so little that adoption of all the suggest/cns in its massive report would re- quire hardly any legislation --- but still less to praise in the qualitative control of capital bsues and
several other things that the British authori tles were doing until recently. China Mall Speclul.
Rubber
Market
Review
·Singapore, Aug. 27.
Free State Development & Invest. Despite Improved overseas
per lb.:
I
No. 1 Ra
311-31%
Settlement house team:
Oct/Dec.
2014-311
Jan/March
Aprit/June
2011-201
July/Aug.
2011-2012
6312
Okt./Dec.
271%-20%
DO 30.
Бер
4280
Oct,
Estale gree
5816
mrnflu Đ
thin Sept.
Sadth, Cline & French
Hongkong Tin-kə 1950.
thick Sept.
Sucony Moll. O
Solar Aircraft
Rand 201
South Pucit Nico Sugar
to
Del: 00: Dec: 07.
Southern Kinia Cana
Average price in US. designated spot markets: cents; Total Enics: 48,527 bales.
at 14 31.83
Southern Co. (The) (
401/
4d.
Closing prices all In gulders per kilogram, c... Sept.
Southern National Gus
2046
Corp-72 415E.
Southern Railway (Com) "Standard Brands
75%
1035 T150.
No. 1 zubber
12.
No, z rubber
No. 3 rubber
1b.:
No. 1 crepa
21.75;
21.00:
LAVERPOOL
Closing prices all in perce për
American Contract
Oct/Nov: 21.71: Dec/Jan: Mar/Apr: 21.76; May/June:
July/Aug: 21.30; Oct/Nov: 21.27.
Mixed Contract
22: Dec Jan!
May/June:
21.58-
RUBBER
NEW YORK
Bellers Buyers
Oct/Nov:
Afiliated Fund
7.70
0.43
NEW YORK
Mar/Apr:
23:
Ain Bu
4.37
1.07
Atmin
5.40 3,00
Closing prices, all in cents per
July/Aug: upi.
15; Oct/Dec:
Axe tought I
G.83
9.60 1b.:
Bullock Fun
1.07
15.37
Canada Gen Fund
16,00
Led
Svpl.
11.00
Canadian Fo
19.39
10.60
Canadian Int Growth
9.70 10.09
Oct
10.00
Crient Fল
11.50
12.01
Zine
Rept
11.27
Comwith Stock
ERAS
17.23
Ook
11.37
Dividend Sn
3.14
3.44
Coppen Sept.
14.30
24.02
120.63
Th
7.00
7.74
Och Sept. Oct.
20.00
102.50
103.00
1037
11.
Hard HC-7 ....
3.33
Inault Found
11.00
12.13
Kit Growth)
11.70
Insult Income
12.00
$7.54
Sept
Invest Tr Boston.. 11.74 12.80
Nov.
Kaystone Cust no ..
12.77
24.04
Buyer Sellers
JAKK
tab
5.72 18.91
Keyton Canada
Ms Iny. Tr
13.
24.84
Tin spot
TOT
THIO
14.10
month
703
May
Mass Growth
12.02 Sudder
Nat
Growt
10.50
Соррет про
July
9.33
Smarth
231
Sept.
EL & C..
10.24
40,24
Lead źr hatt Auz.
718
8.30 Valur
Now
73
2.00
7.15
Kino 2nd half Air
11.77
Nov
14.00 15.00
Exchange Rates
Cliq
Buakess was done in the decal unofficial
market morning at the followion rates: U.S. dollars (per #1) aurka Sterling note (per £1) Australian notes (per £1 Indonesian rupiah (per 1005
(mad noblew) .....
Seen ticale (per 100} Singapore (Stretta) *****
21.33
Found Mut Fund
Telev Foot
100 FO
143 Wellington Fa
LONDON
Closing prices, all in sterling per long ton:
Rex rubber futures closing prices all in cents per lb.:
AMSTERDAM·
3.06 now. 3.04 1018.
3,02 nom. 338 nom. -UPI.
Standard Out of Cal, Standard of Ind
tandard Oll of N.J. Birel Co. of Canada Bicep Rank
Biering Drug Co.
Blokely-Van "Camp.
Biene & Webster
Bludebaker-Packard Corp.
SWIEL & Co
Texas Co
FOREIGN EXCHANGE
NEW YORK Cinsing rates—- Canada Engan unarcist
30-days 30-0##
Now Festand vers South Africa
Others unchanged.
LONDON
Closing rates
New York
Sunshine Mining
Union Carbide
20%
Textron Inc.
Thiokol Chem.
Tide Water Assn. Oi!
Tri-Cont. Warrants
............
Twentieth Century Fox Film
16
334%
27.2
1592
MATS
Unton Oll of Cal
Union Pasine Raliway 1.01 13/16 United Aircraft 200*
United Fruit
2.00 30/10) United Gas Corp.
200 1722, 19, Foll "n"
2.70%
2014
.9. Gypsum
UB, Line Co
U.S. Rubber.
US. Getting
U.S. Steel********
US Steel TP.C. FT ...
200 11/18-2013/ɑ | Warner Bros.
20796-20031.
30.05
35.10
Houten
34.00
300 205-160.3732
Copenhagen ....
17551-19.30
Paris
34.00 Frankfuri
*BINGAPORE** Closing prices all in Stralis Milan cents
per lb. Lob. Malayan
ports:
Vienna Zurich
10.40-$3,30
TRAM/TRAS 1741-22.12.
UPL
Waukesha Motors Westinghoure Air Brake ... Westinghouse Electrio Vestami Union Tel. Co. West Va, Pulp & Paper Winn-Dixie Stores Woolworth UK, WJ). Zenith Jadio
10014
Petaling Tin
Driefontein Goldmining---
West Rand Cons- 10d.
Britie
011
advices there was little change in opening levels. and thereafter the market fluctuated nervously with a tendency to ease.
cat-04 $ Petroleum Syadi- more Interest
British Petroleum Co., Ltd-87
ad
Durmah47 2.
Royal Dutch Petroleum-JG1⁄4%.
Deuter.
Shell Transport Trading-023
The afternoon was quiet with
In lower sheet and one as at lower levels but sellers became more reserved.
official During the
truding hours prices advanced to 108 cents for No; 1 Rss.
Bank Of Canada futures today closed 40 to 225
Rediscount
Ollawa, Aug. 27. The Bank of Canada's weekly rediscount rats tumbled in 6.68 per cent today from 628 per cent a week cartier.
The drop was the second in
of
In New York, Rex rubber
points lower on Enies of 80 | deptracts.
Liquidation
September rubber encountered only Eight demand dropping nearby de liveries sharply." Most distant
Jess positions were
'affected. Traders gald the drop should
now after the sale lilt an all-manly he utmporary as Far East
high of 0.41 per cent on August cables continue
BED
10134
1049
13.
46
good devi
scarce and a
of manufacturer interest thould be attracted by today's decline.
Last week the Finance Minis ter, Mr Donald Fleming, refused
The spot price for No. 1 Ros not to accept some bids for Treasury. 38, on which the rate is pegged was quoted at 40, entz
in order
In to bring the rate
tho rubbed London, down.
market was quiet.
In Amsterdam, the markot wak steady today. -—-UPI,
1-4
10
20710
A rising rate reflects a grow-
ing demand for credit-UPL