1954-08-09 — Page 9

Gilts And Golds Set Pace After Holiday

From Our Own Correspondent

London, Aug. 8.

Following the August Bank holiday business or the London Stock Exchange resumed in a really buoyant fashion. It was up and up for nearly all sections with gilts and golds setting the pace.

Favourable trading news and a good showing of July gold reserve figures assisted the upward swing.

The Financial Times Government securities and industrial ordinary indices by Thursday's close had reathed new peaks at 108.17 and 163.1 respectively.

Turnover in British funds was heavy. British Electric 4 per cent 1974-79 gained 1 125 dm the week to finish at CHI 13s 01, while War Lean 3's per rent closed at 291 11s 30, rise of 1 6 3d.

24

Business done on the Hong- kong

Stock

Exchange this morning mounted to $383.814. Noon quotations und the

On Friday profit takers moved morning's transactions:

Info gilts but depressed prices SHARES AUYERS BELLERS SALES by only 5s in places,

BANKR

ICK Bank .. 10:05 1700

INSURANCES

Union

Underwriter 15

SLUPPING

DOCKS, ETC

#90

101603

The market highlight was 30 1680 Anglo-Iraniana, which jumped 10 1685 over £2 following the on-

Waterboat

20

Asiq Nav

1300 950

K. What

Dock

18.30 Provident (0) 12:20 Wheelock .. 735

13

1200 a 740

LAND, ETC

Ik Hotel

HK Land

Shm Land

NEW YORK

STOCK

MARKET

New York. Aug. 8.

The stock market touched off

year.

nouncement of the Persian oil en Friday the secourt sharpest settlement, finishing the week market break of the ni C15 Is 3d and adding more having the market valuo than £40 million to the market heavily

directory of value of the shares. Burmat Chrysler announced lower Oil also advanced by 11s fd to carnings for the first half of the B25,

yeur and halved the dividend

INSURANCE

when

for the period,

'for

1

It had been a bullish market Banks and insurance shares the arly part of the week followed the lead of the glits until the sharp bresk on Fel- .. 10 do 10 70 1000 a 10.30 Alliance Assurance's announce- Į day, and the strengh in the 1000 10.60 ment of a capital reconstruction rails mid aircrafts and pushed 2000 10.719

new quarter-century Thighs in active trading,

Profit-taking ha Foreign bands, however. lock market into a

hectic Fell- were neglected except German ng wave on Wednesday, but the

eased issues which

reflecting

which

lifted wage demands and labour un-

prices to quarter-century night certainties in Germany.

Stores shared in the highlight held frm in that session. activity. Great Universal Stores

50

4000 1

cat scheine prompted

Shares to £34.

£

24 rise in stocks

19 10 70

2.30 2.10

20

Humphreys Realty

UTILITIES

Tram XB 19 60 Star Ferry

XD

129 Youmall ferry is 150 439 145

10) 15.90 18.20

finished the week 3s 0d higher

Industrials

put

had

VIOLENT REACTION

thr

Chrysler, in violent reaction to

1813 at 92s Dd after having reached the lower carnings report and 60023 09s 411⁄2d in midweek following an dividend cut which came after

200. 149

C. Light C. Light N Electric

13 13.20

33 31% 2108 3

༣

....

Macao Eice. }} Telephone fa 28 300 a 21.00 INDUSTRIALS

Cement .... 24.70 25 2500 24.00 Rope

181⁄2 STORES.

ETC.

25.00 20.10 300 a 25.90 Dairy Watson

16.00 (N) 15.80

24 1000 23.80 5.70 $.05 4.05 4.071 40034.09 2000 4.05 1730 M

It attributed this to the unt. Crawford favourable trend in new busi- MISCELLANEOUS

Yangirze ness since last spring and to Alted anticipation of possible reduced International competition for available wool supplics.

However, the Burenu said, the world's supply of wool now is

close on Thursday,

announcement of an Increase of the market

2017,000 in the net profits of slumped 54 pomis with tran- the group to £1,709,023,

saction ictalling 105.000, shpres 让门 Pritey.

TOBACCOS

Tobaccos advanced under the

The

Together

tecline on

Friday,

with milder tosses in

lead of Imperial Tobacco which the previous two sessions, erased hardened to 54s 6d and British gains of the past two weeks,

Financial quarters saw in the American Tobacco which closed

Wednesday anty as 419 d as the cancer Beard selling on

normal correction after days of receded and in recognition

rising prices, and pointed out to their high yields,

the substantial recovery as an

of

Breweries were marked by a

ย

6s rise in Scottish Brewers to fudication of the market's basic

that being sought by more countries Singapore Rubber 908 6d. reflecting the Company's strength.

ter car bearing an Mouls busincs dealings and W. Germany Builds Ships

ordered

ran

uy

leave 10

the

concluded,

For

Russia

12

"being spread more

Arm

Market

for

and

cord.

Volume,

activity

in

swelled by heavy

Issues

kuch

AS

good earnings and growth

The feature of

Fairchild the Kame Curtiss-Wright, the market wyns

Free Statc

General Engine,

Dynamics, Geduld which jumped 10s over Southern Pacific, Boning and the week Bnishing at £1 is 3d. others, totalled the week 10,- with Tens showed useful gains with 211,000 shares compared

jumping 48 13,049,021 a week ago. There Empire of India and Imperial Tea at 2′′ Ed: to had been three days in succes- nf over 3,000,000-share finish the week at 228 94 and lon 30s respectively.

activity on the New York Ex change-United Press,

LONDON WOOL TOPS MARKET

Lendon, Aug., 8. London's wool tops futures market which was one year old ca April 5 has enjoyed a fairly phenomenal growth and hopes to overtake, In the not too die- tant future, the volume of busi- ress one on the much ma:kel

York. New ket in Actually the London

Studebaker

May Have To Close

Studebake

older

market

Between

and fifteen Swedish Technicians will be sent to the Philippines for this job, two being already there, while about 400 local workers will be employed. It is expected warned

the work will be performed by and is others whe

meuns cf th: Swelsh tunnelling Marqula invita-

ing eventy method

Atlas using

Diesel

mis

should give pause for well-known and should also light-weight pneumatic drilling thought for those who, by past machines and Swedish ceraented experience, have postponed pur-

Singapore, Aug. 8.. The Singapore rubber, market chases during a highly competă“ tive search in the expectation of opened a little better on poli- subsequent weaker price tical influence after the August bank holidays but business was added.

The Bureau noted that world mainly confined to the adjust

of the current month supplies for the 1953-54 season ment

positions. cro citimate at 2,009,000,000

The weekly market report of pounds, clean basis, against

brokering 2,779,000,000 pounds in 1952-53. the lending rubber

Bath of Holiday Cutier AUSTRALIAN CLIP The Australian wool clip is and Company Limited suys the

offtake

overseas markets likely

to be maler than last

and smatt

London a vast cloud of allegations, sup- pelice as collaborator, they the Marquis had failed to pay.

season's which would tend to be was very

and New York appeared com- positions, hints and suggestions wore

bum But the Minister atided that

pletely an inflationary market factor.

disinterested fording which has lapped at several of alone because he was "guaran- he had Trat

Bonn, Aug. B. round during his

With world trade stocks on

down until Thursday prices A cable from Moscow to the the low side and no abnormal when there was quite a sharp Italy's chief statesmen.

teed by highly placed perrans." enquiry

that the Day proof It gave rise to two enquiries;

German Howaldt Ship-building

in the Minister said, the Marquis Later,

had been directly

eight, such as carryovers

drop on liquidation from the n routine judicial en Marquis became Intimate

America Jast season, Federation centres. wil helped in his business dealings Company at Kiel-owned by a

There was quiry into the death of the girl, highly-placed Allied officers by any of the Minister or high chancellor Adenauer's Govern "consumption must neccesarily also little factory interest and

ment-reported that the Rus- Wilma Montest; the recond, an "for hunting reaans" (waves officials whom he knew.

another adjust itself to the lower supply the trade were

reluctant sup South Bend, Indiana, Aug. B. sions have administrative

"I believe," enquiry by one of laughter in the Chamber.)

ordered

portera even at lower level. of the most eminent men in the

The Minister

14 "floating fish factories" from situation," the Bureau sold. explained that "that this cars should induce the

Corporation an- to possible de-

HIGH GRADES In contrast to the Germont. This brings to

that it will be more

in the single month of January present Italian government, the Marquis

a shooting organs of the administration and

business than New 24 the number of these special elining consumption in Western

The report adds that there has nounced today Signor Raffaele de Caro, 72- estate by the rea near Rome, on politicians to exercise more

it added, a gain in been seme buying of high grades forced to break off its contract varit but in the main its volume will Europe, ships which the Kremlin

with the of the Italian the

Congress of Indus- beach bordering which rigorous care in their personal

Europe 10 buy from the Howaldt works in consumption is anticipated befor shipment

has ranged between 12 per cent trialisations of United have also

Auto Wilma Montèti's body was later relations in ceder

prevent barter

which the hind the Iron Curtain in efforts Australia

and Japan

and 30 deal in

per cent of New York. found. An initial

police men of dubtas morally from

Russians will deliver oll, wood to super, gonds expansion of been moderato customers for low and throw 11,000 persons out of passed the combined total of Investigation of her death cen-profiting from these relations."

consumer

Roubaix and metal ores.

the

and Antwerp particular The Bureau said the seven In answer to questions about The judicial enquiry, con- eluted that she had died by

members markets last July and has re- Arrivals

from neighbouring work allegations of

trafficking ducted in secret by a tighilipped accident while paddling alone,

drug

mained ahead of them ever since. lending wool consuming couna Indonesia and Borneo were still taite a pay cut. tries United Kingdom, United The Raffaele Sepe, magistrale, Dr

In- and of murder, the Minister sald present Judicial

reported be below normal

Its first year of legal existence The Company served a G0-day Italy, Japan, and local packers State, France, promes to

into the vestigation

ordered after that those were still the sub-

were anding contract terminatica

notice out which, as stated, ended on April He enquity. autumn.

allegations in court that she had fect of judicisi

Belgium and Germany it increasingly dificult to keep the UAW and officials said they 5, 1954, actually contained on that the Government Hundreds of people have been died in an "orgy" on the shoot added

taking a smaller share of total their employees working full had "no other course to take 30 weeks of trading; the latter. could not antwer questions on

This reflects

time. can process, cook and can the wool trade. summoned to his offer to give ing estate.

industrialisation In

unions members began on. April 28, 1953. that among those at the "orgy"

The report says the month of overriding recommendations of

Tumover in this period was evidenes, in private,

Many of them, before being in Plero

were the

his hart been formally Marquis and

completed, at sea.

10,951 cther countries United Press.

August is usually a poor buying that: Itaders-ejected

contracts, representing Piccinul, son of either by a trial or by a finding

month and ahy salback at pre-cut which has

been designed 40.01 contracts per working day. evidence to the newspapers, the present Italian Fortiga that the allegations Were un-

founded.

thill that the first up, wiBank Of England

contracts averaged 76 Stock price for a good story by Minister.

seriously.

Ing compétitive position. Оло woman, who pubilely

Statistically, the report says, someone claiming to know some

per day, be Only yesterday, the Company the position continues to

What pleases the market most about the death pl Wilms claimed to have seen the Marquis thing Montest or about the other chin and Piccioni Joy Wilma's body

Found and renewed buying by reported a not loss cf 32,494,129 is that it is used almost solely Lòndbh, Aug. 8. The Minister's sport was

The Ge for the

hedging Arst quarter ended for

purposes, figures in the scandal, has so far on the beach where it was later

The Bank of England state-consuming countries may Teen 250.000 lire (145), rising found, is now in prison changed greeted with a storm of briticism

June 30 and a loss of 38,926,800 turnover for the first year, in The best order, for ten ships, ment for the week ended Aug. expected soon, from the Communists and their worth double for real with false testimony.

for the first six months of 1954. terms of wool tops, was 54,783, £7,800,000,

SYNTHETICS had been 4, reads as follows: the right wing

1000 lbr.

ncturi of topa bist signed by the Soviet shing

sterling A proposal to bulid a plant in

REJECTED used the shooting estate Opposition parties, which claim-

Note in circulation 2............. 171597tto France for the production of

dilivery was demanded on ended in to make friends with importanted that it rdded nothing to what officials in January this year.

29.401.52 their atcelos have

The dermans wanted u

the 101 contracts, representing onl Large

caused 1345.00 Lynthetic butyl rubber

Union Tenders Joined Private deposits

305,000 lbs. of prison, charged with the legal politicians and businessmen. He had filed Italian Hewspapers for

tops or leas move urging (PARA goods Government securities quantity of

anxiety the barier

A71311.629 somb

among local | Company in a ilated, among équivalent of lying.

who attended months.

10,401,792 | traders. The reprit points out, workers to agree to a wage than one per cont of the total. for the 14 ships to be nickel other securities

however, that France for some reduction of 10 to 15 per cent This should reassure Bradford, Bradford denim in Galeazzi from Parlia Professor sirong pressure

Niccardo

w to cover up father than to the answeroport Hau

United Fremme hins been using about ten 10-help Studebaker get on its fell; nd to be hesitant personal physician to Pupu expore. eni, tus already reported part

only for Im top not lons n ranks ad because Alckol

'BANK OF FRANCE. Eat newtpapers supporting the openia and nur dy caminis pan Sur, Attilio Pleciont, how

year of Im- feet. thousand

mediate delivery but for future EAST

STATEMENT strifugio Cavernment, declared that the

The proposal was rejected delivery and has little to fear To

The Bank of Franen statement therefore, the And the Rosalons Wanted the

overwhelmingly at a meeting from a purely hedging market. report PODORAL abnational disclosures, theimer Minister and former enough to alarm bugle, and ships to have radar equipment for the work ended July 2, to

may

"United Press,'' - ต great extent th Turm, own!

conserve on Thursday tight, Minister read a 40-page reses-Secretary of the Christian

Stampa of barty

In Salvatore by the great Fiat Indusifia ghal which the Cermane tunnet de rows of followan

addition to which contred on the ex Democrat port

the 11,000 PET SPORT ♥ and it will be expense, of th19 the Alilo, a former Minister and financial complex wild that the liver due to a Western einblarga Tolt kold hóklínés

workers here, Studebaker on Exchange Rates carter

Industry, ploys a total of 1,000 in plan Upo, Montagnin

premincht Damstra, G. FiNS MATERIÍ, Z portrait of that shady. Montes!

Et, Lou Angeles, Chiengo, Ham Christian Democrat which people like

Inst

summoned, have sold their

to as much as sensation.

was

The Bussian, orders represent a total value of £17,800,000 and will employ the huge shipyard's full capacity for well over

The "doating ish factories" Witnesses alleged se subjects until the thquiry i catches of entire flihing flects creasing

year.

Some of those who have soldį Mar de Caro said that the ailes and frem

those

But Signor de Caro, under the Marquis entertaintments, They declared that its aim

trative aspects at the scandal, harbigh

Mink

Glisseppe

of Howaldt's

A spokesinan

delivered to the January 1935, and the rest by the end 1935.

FIRST ORDER

a tenise House, ready for Spataru, ihember of Patliament; Įsituation disclosed was staridals Blot britt on the

Marqu

Thỏ

whole

ibandal

aross because the M, Proféwer Zável (18636, hold of Italian Graelle Ketter

Turmer

Anda Mira

tell all she knew about, kinks and others.

first to the newspapers and then

Statement

Chrisuni report "givės 9fffette on

the Mailvery br

For the dist

eng ships the stag

The pronta of thelezized: tions, over offence to the morality. who work."

"Chine Man

ople negotiating for

anh thụ, wide citals to a court which heard one of highly-placed· Erlendet.

S

grade

to

In

since

unless union

the

R WHE

sent should not be treated too to put Studebaker in a better uring the last complete weet 75

paric ayntholic mainly frem St Parts, Aug. 8, Canada. The French

ས

the

says,

real

Mton, Ontario, and New Brune monung, at the following, TRİNİ»

Mural

wick, New Jerstty,

Berlin wake of hourly-

TEPOELT/ 0014 | 2ated employees hero la $2.39

per hour, United Pris

Buslows – was done... In the, local. unofficial

market this

Sterling notes (per, #13) imadhesan zuolank dhe” 166) Sam Lichs per 100 Indo-China (plastens ther