MARKET UP AGAIN
HK Bank Lombard
Underwriters
Enter W100
beefucks
HK Wharf
★ The Share Market At A
June 20
July 5
1685b
£700
July 12 1650
47
47m
48
080
080
980b
H.00%
8.80%
R.8On
23.206
2344b
2844h
9.40
9.40
9.35
91
01148
#9
LUK Dock
402;
41.50
41.25
TRADE and
COMMERCE
SECTION
LAND SHARES IN DEMAND STERLING New York Cotton
Effect Of Mid-week
Rumours On Controls
EASIEST
Futures
FOR YEAR Narrow & Mixed
By SYDNEY S. GAMPELL
London, July 26. Sterling this
New York, July 26. Quietness prevailed in the cotton market again today with prices narrow and mixed.
At the close the Ust ruled five ; Mar. points higher
Glance ⭑
Up or
July 19 1600
47n
July 20
down
1070xd
+$10
4in
steady
D90
905
+85
8.859
8.85%
steady
23.60b
23.000
leady
9.10
9,30
+100
92
9334
-+-5114
this year,
41340
426*
+500
account
Provident
14.40
14.50
14.40
14.50
14.70
+200
112 Hotels
14,00
14.50
14.50
14.00
16.80
+ 90c
rent
IK Lands
65b
60%
ព
+$214
morning was at about its easiest of with, American at barely $2.79 and transferable barely $2.77.
22,000
321,000
one to seven lower
points May July It opened unchanged to Oct. ave higher. New Orleans closed Dre.
two
3,000)
100.000
1,000
1,200
353000
1,500
6,300
Total
50,400
1,450,000
Humphreya
17,101
17.10n
17.10b
20
+++300
HK Really
1.625
114
1.455
115
+2350
The prime
reason
23.80
23.90
24.10
24.86
25
+400
May Ferry
138
139
1415
1426
142
Yaumatis
110
108
112
114
114
Prices of futures closed today us follows:
October December March
34,100
May
ChLights for
24.80
24.80
24.00
24.90
26
July
21.80
21.80
22.20
22.30
22.40
+100
32
314
3116
1274
3234
+250
24.80
24.90
25.40
25.00
20.80
100
the
opening
Was
35
3514m
351b
37
3712
3711
+246
Gelaber
December
NEW ORLEANS
Prices of futures closed today
$2.30
32.2!
31.62
30.41
10.80
10.50
16.80
16.00
16.70
18.70
+100
A.S. Watson
11.70b
b
12.80
12.50
12.70
+200
Lane Crawford
35
ᏗᏍᎬ
31m
31m
24
29
294
+500
Wanginge
6.081,
7.05
were 11
וויי,
1 #
1dates have beeta pottering
wex-k about up atal dover thin and Brand generally lower than Fractional their best with only
Pratos have put on 199 $25, China Lights, 10 $25. Eleriries, 25 cema while Telephones sit center below last week's
525 80 131 Cale
detay after
Allied
5.75
5.65
7.10% 5.45
7,10
7.0511
5.256
5.40%
stendy
IK & FE Inv
11.30m
11.30
11.106
11.40%
LLADA
steady
Texte Corp Nanyang
5.36
5.60
5.25
4.85ca
7.500
7.00
7.500
7.00
4.65 7.70%
steady
as follows:
Sput
Ort.
Day
Mar
May
July
Oct
steady
Was
RO
רו}
*28825
ABBASS
the
some
be
Oct
Dec
May
July
SAO PAULO
Futures closings, in cruzeiros
30.40
38.40
31.00
By A Special Correspondent Widespread reports this week that control restrictions were to be eased stimulated demand for land issues and Hongkong Lands touched $70 at the height of the boom.
The market, following the expected trend. moved up a few points again and closed yesterday afternoon with 19 shares higher, eight steady and two lower on the week.
Turnover cropped sightly fries trading. From $6.39 anti
$5 612 ( nillion fit this was targely re 16 mother
Wedden lay half-dny and light fraudinst yes. terday when clined to flutter
ly Humplary intel Hongkong els Hatek a lowest the work bagher rats to
nestly: to $32 asporto ale
bust
hi"༥ 1:
edeant of intende?
Unlikely Rumours
Thu fotel, were selling
more tho $16 This work
speculation lat th
Elation
executive when in soportest to be
3n town fancies the unlock t Repulse
tel
Buy
S
The Peat The lakes!
1361 GALLY WHA the trust Jikely to
abong Log 2001.
Boke 1 mt tilalles have ten in quite goal demand how-
GYOR
Cottons Dull
Coltons turned dull Cemettin
BK Tran Star
Ch Lights (1) Elrelde
HIK Telephone G.E. Cement Dairy Farm
WORLD
RUBBER
MARKETS
Singapore, July 26.
The rubber market was very
small trade quiet with factory interest. There WIN jabo moderate trading on lower further arcits Pulues:
No closed fractionally
rubber per 1 Aug - Vaners but
ha how the top of $374
Begit del Handser shares
beet extremels 12/14-2 with little- elge in the price of the raw material.
Honakodut med Shanghai Hotels sprannat merrily up to a peak of $120. up $130 De verk oma tudi over of 25 725
Shuny Tu
pomewhat edistenevi,
ye-berdas
Humphrey
$141
1
1
affectent isod by the land sale No, tionest in this colun lose week Th
narrowly during the
close at $20 30 en
Joe than 13.000
ר
Here is the market diary The work
Friday:
moved Monday: werk
farnover of
Iteurities Uhr
More thana 140,00
have changed) and
A
γενείς and this sure closed fractumally higher at $1.525
Undertone Steady
Yesterday
afternoon
ter| uncertainly
prices:
the undertone kept fanty stently--making it bord le pre.
def next week's trend has
beyn Intel
The
1:1 live at these sky and I!
Market ruted stewly
Current
Hotel firm.
TD $1,050,000.
971-022.
017-2
muted
No 2 che pres
Aux 23:1-18
M
4/14-17.
No
Spot rublier vonbadest
hankot NJO
No repe
NEW YORK
1721-12; 7234-7334 112-114
The No. 1 ss contract today Closert 105 l 100 points hugteer Last shares in gooī¦with sates of 250 contracts. dermand. More Than The standard contruct closed 100 porta higher with 100,000 Realties 115
hands. sales of eight contracts. Change Funds targe $70 Closing prices
and No. R Humphreys Hotels make good T/O:
ns
July
September
37.00 33.05
December
32.05-10
$1,410,000
Tuesday:
Fair activity. Prives fluctuate withi
Standard sontrack:
July
September
38.95 33.00
narrow
Undertone
limits. #tourly
Decembe
31.20
30.30
11
Wednesday:
would get be surprised if the Thursday: merket kept a Battle 1 DUNI werk.
But reallyv guess,
1t
.. anybesly's,
Talking about guesses, 1
ecived recently a letter from a gentleman who
that
obviously
been saving up one of my com- ments for mouths to remind me bad backed (I think) Wheelocks or Providents several months
ago, This
had nevepted
gentleman my advice
1
bought and he wanted to know
why my tap hadn't come grani.
May 1
remind
I am not a broker;
reuders
I 15711 41 Jee House
Journalist. 1 visit Street one afternoxx a week " colleet views, trends. coMIĘTALS
and as much gossip as possible and with the little triuning have had as a Stock Exchange reporter put these together make up this weekly market comment.
Advice On Advice
น
Therefore I do not suggest that you take my advice, but compare it with your own feci- with gs and then discuss them your broker before buying. You pay him to buy your sharts-60 you might no well get the benest of his advice.
Obviously my comment can reflect only the opinion of the offices I visit but 1 see lwo brokers
who regularly 70061 quallied to give an objective account of proceedings.
aro
In spite proli-taking. TO $1,830,000
with Inclined 1 Cane Bonally $372,000,
Marech
May Judy
***980
zi 23
Futures pices moyand Up an hane with strength at tendon and prices Singape and short covering of the old July contracts in which trading will
tomorrow Spot No 1
4/11 15 steady hommady at 35 Cla
London and Amsterdam rub- 1 % WOLE unavailable United Press.
Undertone with
110V- price
『A* ments
பரம் small. T/U $950,000
TODAY'S
SHARE
PRICES
(From Our Correspondent)
cense Hys
New York Sugar
Market
New York, July 26. World No. 4 sugar fulurgs closer today one point lower in the point higher with sales of 10.contrauls.
Domestic No. 6 sugar futures closed unchanged to one point hower
of six co- with sales tracis.
Both the work and domestic futures murkels were quiet and buf raw sugar prices this remained firm. Futures:
ip-
Contract No. 4 (world) Nocn morning's
tu
Business done on the Hong- | steady, kong Steck Exchange morning
mounted
$800,000. proximately quotations and the
20.30n
1.528
+ $1 steady
100
Wall Street Almost
Of
Duplicate Previous Day
New York, July 26.
Stocks managed to close slightly higher today but well below the day's highs.
Prices see-saw cd back and com-forth throughout the morning-- mercial demand for dollars and higher at the opening, moving | Spot and downward currendica Continental
thereafter and turning irregular by noon-and overatas' fears of the motor in-
even though falled to move much either way dustry strikes, theso affect only a tiny fraction the rest of the day. of Britala's working forer
incidental to are merely prozess of strengthening CCORMONY.
The
Armness the attributed to price fixing, with the contracts supplied by hedg- The dis- ing and liquidation. tant months come under pres
The Chancellor's meeting with the banjur S on Tuesday hús been a relatively minor factor for sterling: other markets wool it constructively,
STERLING SHORT
Yesterday
are again after the opening. dropping as much as 15 points, but a good part of this long was wwed by noon.
There again
explanation for the selling of
and December
deliveries. However, market men say It is possible that someone is toying with the cotton crop will silea that the be higher next season, which in turn would lower the loan rate.
Exports for thre
and today the distant October casiness has beets mainly con- comed with sterling self and not as previously a reflection of the German mark though
of cusse sterling would, more robust the mark had not been pulling such pressure on European currencies general-
senson to
per kilo were as follows:
In the US the average price of .18/10 middling cotton at 14 de-
July 21 were reported at 2,157,-signated spot markets was 33.17 701 hales, against 3,420,000
cenis. Sales totalled 10,425 bales LIVERPOOL bales in the like period a year 2go.
Cotton trading volume and opening interest were as follows;
Overacas centres remain very short of sterling, Inst herve little Incentive to buy it at present, particularly with the psychosis about storting's seasonal third Month
Dot. quarter pressure.
Dee.
The authorities do not seem worried. Apparently regarding the overseas utlitudes towards the strikes and the Chancellor's
meeting as exaggerated, they are not supporting sterling, directly
tant to do it indirectly by selling gold.
Offcial sales of gold on the
In that respect the result was almost a dupli-by selling dollars and are reluc cate of yesterday's market. The differences were that trading lightened to 2,060,000 shares from yesterday's 2,200,000, and more issues gained than lost.
'The Dow-Jones Industrial | Assaranda Copper
Arm Steel zverage sel new high since
Amour May 4 and ullilties for 25 years. Rails sagged slightly. All the
closed below averages highs for the day.
Stocks
inctiv klually moved with (10WS In their own companies. General Dynamles on a 3-for-2
Cat. Tractor
7721
London market this week have. if anything. been subnormal. As
the
sterling-dollar rate is still well above the compulsory sup port level, the authorities can let the pressure full on the rate in- B2 Istead of on the reserves.
GAINED DOLLARS Indeed, they may have gain- though dollars this month
Jost
ETU Biotic when sterling fell to its support
*
Volume Open inserend
7.000 17,000
331,300
Futures openings, in penee por lb, were as follows:
Old contract Dec./Jan. Others lingisolod
23:30
New contracts all unqualed Egyptian Karnak unquoted
-United Press.
P.OBIE&A
COMPANIES
T-20
PENINSULAR & ORIENTAL S.N, CO.
PASSENGER/FREIGHT SERVICE
Baldwin-Lirus-liman
Baltimore & Ohio
49-
their
Bendix Aviation Corp Benguet Conan.
2
Belfileben Steel
103
Boring Airplane Bursices (The) Co.
924,
084 they
wat
Hamroughe Add Machine Catadion Paelle R.
43%
Case (11) Co.
level against
the mark
and
Outwards -"CANTON"
04
Belgion franc.
"CORFE"
47
04
50
The rise in gold today to the highest since September simply reflcels the sterling rate, dollar
The
*
423)
48
12016
0041
1036
bulk loty
68
note
up sharply stock split and closed with #1 gain of $4.50 a share, Rheem Almufacturing fell to n new low and closed with a lose of $4 25 14 umission
the quarterly dividend.
اد
The sleeks
were sustained by of hopes of an early settlement the 20 day steel strike Bethlehem which reported record sales and varnings for the first half after the close netted $1.25 # share. Other steela had gains ranging to $2 in Inland, also helped by record earnings.
Boeing Gain
AireraNs appeared to get some help from General Dynamics.
$2 Their gains ranged to Boeing Airplane. The oils were given a whirl under the leader- ship of Gult which rose $5.75 n share on the day.
issues were
Numerous
special Industrials moved up. helped in their averago by strength in Bethlehem, Interna- Du Pont, and Boral Paper Texas Co.
Celance Corp. CIT. Financini Corp. Chryfer Motors Colgate-Palmolive Ch. Commnereded Credit Commonwealth E Consolidated Edison Continental OH of Del Chine D
Crown Zollerbach Cuban Amr, Sugar Dinmonti Alkali
Dow Chemicals
Dupont de Nemour
Lastman Kotok
El Paso National Gas Erie aroad
Family Finance Corp. Ford Motor
General Electric
General Foods
General Motors
Gen. Pub, Util.
Gotty Ol
Int'l Tol Tel
304
equivalent is virtually unchanged at $35.02. with de mand rather small as it is dif- Acult to sell in Switzerland the
of French which
Anance France € TR taking of gold, China Mult
210 Speelai.
5013
22
LONDON METAL
PRICES
London, July 20.
was hesitant
The in market
"CARTHAGE"
"CHUBAN"
Leaves London
Saflød
10th Augu
12th September
Das Hongkong 20th August
17th September
15th October
Z8th September 7th October
Via Southampton, Port Said, aden, Bombay, Colombo,
HomewardE
"CANTON" "CORFU" "CARTHAGE” "CHUSAN”
Via
Bingspore,
"ADEN"
Penan
& Singapore.
Leaves Hongkong Due Lundon 24th Auguri
21st September
19th October 31st October
Fenang,
Port Sald
Colombo,
24th September 22nd October
19th November 27th November
Landon.
Bombay,
FREIGHT SERVICE
from UK.
duo
sta Aug. "SHILLONGuioada lõid Aug.
"SUNDA" due 10th Aug, "SALSETTE" duo Zird Aug. "SUNDA” loads 11th Sept.
.
Adea.
tor Singapore, P. Bwet- tenbem. Penang, Adv. P. Bald. Havre, London, Hamburg Rotterdam d Antwerp
from UK.
BRITISH INDIA S.N, CO., LTD.
1850- A HUNDRED YEARS OF SERVICE — 1958
from_feven "SANGOLA” due 10th Aug, salla 11th Aug.
*
*
*
Glidden Co.
Goodrich B. P.) Co.
Goodyear Tire
Heyden Chemical
in
Hamstake Mining Co. Ingersoll-Rand
in the marring. Spot and three-
points to £7834 months Deil 3 and £7584.
3616
Turnover was 35 tons.
from UJ
*
Inland Steel Co.
Interchemical Corp. Int'l Business Machiner Int'l Harvester
50
122
4236
Spal
Busine
3-month
buyer sellers
760 753
7M
for Singapore, P. Swet- tenham, Aden, P. Bald.
Settle-
Havre, London.
International Nickel
101
inont
736
burst. Hotterda
Ham-
B
International Paper
130%
Copper spot
2004 291
Antworp
34%
Lend 2nd half July
34munth
200
200
#
112
115
"SOUDAN"
due 14th Sept.
from UK.
John-Manville Co.
043%
Lend 2nd hall Oci.
111
112
Kabans C. Power & Light
42 Zine rut half July .035
Kennecott Copper Liggett Meyera Tob. Co. Lockheed Alteraft Loews Incorp.
1311
Zine 2nd half Oct. 921
Turnovers
92%
$23%
21
Cepper
1,700 tons
Lend
$24
Sep1
330
transactions:
Oel
3.70
Mor
3.70
1
Sharet
Buyers Sellers
Hales
3.29
Aside from theso anxi a few jother special issues the
mala
Lene Star Cement Co. Louisville & Nashville R.
0314
Zine
150
104
United Press.
July
320
BANKS
Sepl,
3.30
row (ca,
"ORMARA”
FK Bank XD
(070
244
202
Spul- lcents
Cube}
per ib.
tob
price to
due 12th Aug. sally 14th Aug.
3,41
INSURANCES Unsun
Lombard Underwriters
Contract No. &
EXIS
30 990
47
Steil,
0.01
Nuy
1.63
Mor
July
3.41 5,01
0.30 0.30
5000 0.30
Spot-rents per th, elf NY
ex-duty)
0.50
12315 5432
300
$345
1000
a 4211⁄2
14.70 14.80
475
14.00
500
14.70
1200
19.00
£300 71
1200
Evet Asta
SHIPPING Wheelock
DOCKS, ETC K. Wharf Dock Στον (01
LAND, ETC. IK Hotel.
IK Land
......
13.70 10.80
1.50 1.625
1.00
5071373
But may I repeak do
Humphreys 20.30 20.00 not take my advice without Rally getting a broker's comment first,
RUBBER Banks,
are up Amig. ex-dividend,
Trust alightly and Biona continue their slow climb to the $1,000 || UTILITERS mark which, with any luck, they
Trom ............. 2450 0530 1430 @ 25 Star Ferry. should reach next week,
Youmali
113 118 CLight (0) 2400 25,10
Docks Higher
Wheelock Mardons are elighly higher, closing 15 cents up" it $0.30.
United PCOS.
Singapore
Stock Market
Singapore, July 27. Brokers today quoted the 4.50 1.325 16,000 a 1525 following stock prices:
Opening
$1.50
03/04
20/
10
| Bely Linlang Rubber Co.,
Britial Hortes Petroleum
Byndiente 114 Consolidated Tin
Ord. 6000 26 Frasen & Noove Ltd. Ord.
22,30ramer de Neava alis eum. 40009 3214
Llight (8) 23.30 22.40 350U
Electrio.... 3312 3214 Telephone
20.70 Lunas Rubber Estates Ltd. 973
body of stocks held in a nat- The closeness of the close the previous reflecteu the caution
part of traders.
on the
Some of them anticipated a market sell-off when the steel strike is finally settled, but they weren't sure "'enough' of their predictions to translate them into markol action.
Lowenstein & Sons, Mesabi Iron Corp. Minnesota Mining Miedon Developement Monsanto Chemical Co. Montgomery Ward Motorola Inc.
National Cash Reg. "A" National Dairy Prod. National Lend
National Steel Corp. New York Central Olin Mathieson Oils Elevators Owen-Illinois Glass Pacile One & Elloa. tieneral Motors lost half Fan American Aleways point despite its first half report Paramount Pleuros
Parko Davia_Ch. showing sales and net income the Permy J.C. Co. second largest in history, topped Penn. Sale Co only by the 1055 Agures
Philip Morri
Pittsburgh Plate Class
Of the 1,140 Issues tradedProcter & Gamble Co. 483 advanced, 427 declined and Publicker Industries
were unchanged.
230
Pure On
New York Stock Exchange Radio Corporation
bond
Repubila Steel volume was $8,810,000. Reynolds Metal American Stock Exchange Sheli Ol Co.
Sinclair O volume was 940,000 shares.
Becany Mobioti
Dow-Joncs closing averaged | Bouch Puerto Rico Bugar
40 DODGE
Comm, future price index. Moody's index
Closing Prices
Southern National das Southern Railway' (Dorn.) $16.85 Standard France 170.80 Standard Oil of C
20.70 Slanderd Oll of Ind 10320 Standard Oll of N.J.
05:50 Siering Drug Co.. 187.33 Stokely-Van Camp, $13.70 Studebaker-Packard Comp
Bwitt & Co.
Wore!
30 industrials
Smelters
20, guilt **
$1,90
10
06 stocks
pref.
$5.00
Hongkong & Shanghat
(0) 25.00 20
28.00
Banking Corp. ......
2003 div
00-Hongkong Tin Ltd.
400
20
Kempas Ltd.
5/2d $1.70
6:00
(N) 25 25.10
Malayan Browaries New Herenziah Rubber Co.
****
$2.00
Aklan Inc, Acy,
INDUSTRIALS
Lid.
37 5714
1003714Polaiing Tin Lett.
All Chaimere
Ramies latel
$2.35
American, Airline
Bingapore Cold Storage
$148
| Am. Chule & Radio Corp.
| American Cyanamide" Co.
$33.00
| Arno-Machu, de P-dry,
261
Atrails Trading
4.10
American Metal
Straits Biconship
$13.70
United Engineeri
$1.00
4.020 €70 3000 1,80 Wescue from.
(04.03.
700
hing Mall Special,
The whart and. godown coction
a few points. laup Wharves are climbing back to cements peak levels after a recent B01- back. They closed yesterday at STORES, ETC.
$93%. Docks at $42 buyern are
Dalry. 10.00 10.70 -1000 @ 10.00 | Boutți Istilah Insurance Co. Wition was 30.70 1200
50 conta up on the weals, while one, Draw 20.00 Providente have added 20 cents
COTTONS
Textiles
to close at $14.70.- I agree with my critia: the hoped-for miracle Mangang
Allied Chemicals
Arhockert Bmelting
|Am. Buca Befik
American. Tel & Amerson Tob.
Taxes Co.
Tide Water Aan. 03 Twenty Century Fox Filen Union Carbide
■ 1916 Kinton Pacifio Raliway
1114 United Aircraft
30% FUS, Gypqun 150
2U.S. Ling Co.
US, Rubber Ad
21:US Startd
US, stort 4
8115 warner Bros.
Westinghqumo Kievteki West Va. Pulp & Paper
1049% Woolworth
70%
110%
74
New York & London
Pepper Markets
New York, July 20.
Black pepper trading con- tinued a dull affair today with prices generally unchanged,
Spot Malaber wig indicated
al about 301⁄2 cents
a pound, 81% while afloats was at 20 cents. held nzound
Spot Sarawak
50% 29 cents.
01
In London, the pepper mar- ket was quietly caster, White
di Sarawake was quoted at 20 3d; black Sarawak specina la 7d, Dulles
black
Malabar July/Aug, was at 2229 od per 403% | cwl.-United Press,
401%
100
NEW YORK OIL
AND SEED
Now York, July 20. Copra was quoted at $140 a short ton, bid, elt Pacife Const. Coconut oil was offered at 10% cents a pound, West Coast.
United Prega,
Exchange Rates
"Bualnem "whe" done in the local unofficial Tumetufre market athle morning, at the following - rator)- 11.5. dollar. (per ́§1)
Sterling notes (per. Ei Australian notas. (pers#1) 1014. Indonesian rupiah (per 100) "dak" | "Blam tloni ((pur, 100)
Singapore (Bfrullu)
+
for Singapore, Penang, Hangoon & Calcutta from Japan & Shanghai for Bingapore, Penang, Налибок Calcutta
C21100
P. GO./B. I. JOINT SERVICE
"TTOLA"
"TTRIA"
"UMARIA"
"IKAUNA"
duo 24th July Ball 30th July
dpa 4th Aug. salls 8th Aug. due $15 Aug. safts Tel Aul.
due 11th Aug. mails 13th Aug.
"URLANA"
due 27th Aug. seils 2001 Aug,
from Jaben
for Singapore, Colombo, hsupagar
Barachi
from Karachi đi Bomber Кот Зарад
trom Karachi for Japan
from Japan
· for Bingdrore, Bombay, Karachi. Basrah. Khorramshahr di Kawati
from Karscht & Dombay,
for Japan
EASTERN `& AUSTRALIAN S.S. CO., LTD.
“EASTERN” due ist Aug. "NANKIN”
due
011 Aug Balls Bih AUK.
A
From Australia
from Japan
for Bandown, chibana, Bydney, Auckland, Adelaldo & Melbourne
All vemale have liberty to call at any ports on or of the route & the route de sailing are subject 'to change or amendment with or without noties.
For full particulars apply to : MACKINNON. MACKENZIE & CO. OF HONG KONG LTD. Felephone Nos: 27721 4.
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