1956-08-17 — Page 9

THE CHINA MAIL, FRIDAY, AUGUST 17, 1956.

Page

TRADE

and

COMMERCE

SECTION

SUEZ BLUES GO: SHARES RISE New York Cotton

-

BLUE CHIPS LEAD RECOVERY BETTER NEWS FROM EGYPT & LONDON HELPS SENTIMENT

By A SPECIAL CORRESPONDENT

A pronounced upswing in prices and activity shook the share market free of the Suez blues yesterday.

Led by Blue chips, prices climbed back almost to the levels of August 2, wiping out almost all last week's losses.

Why the rise" Brokers bo- reenvery which got underway on Heve it is the better nows fronts! Wednesday, Egypt

Colonel Nar Sapp Conelini ton alfatade

where

The mass plant 11

Thic London innrket after registering widespread losses at the end of Inst week, steadied ou Monday nut developert better tendency un Tuesday.

Canal Shares Higher

14

sho Suez Canal Company were quoted higher on the Paris

ntil Bose on Themlay

Shorts

In Hongkong

;

Tronis picked up 30 cents to close ut $24 10. Vaunutis, $2 to $11, Lights, 60 cents to $24.20, party pali, 401 erats to $21,1511, Electrics $1 to $314 ani Tele- phones 80 cents to $26.10.

Elsewhere in the market: Unions added $10 to close $90s but there was one sale at $1,000

Were stuggish offerty rising above They cloud down $20.

Whneves !! Docks

13.0k

Tenisi $1040

E

Monday:

Tuesday:

ON AI

Business stricted scale, T/O $407,000,

Sanie smali KÕI but otherwise prices. well maintained.

176: $880,000. Wednesday: Priees harden with

better

at

Thursday:

WCZO

marked up Wete

All steady with Docks holding up sentiment well at $41. Providents moved this postbly helped

the fractionally

In higher Land section. most Counters Also the American T/T has fallen on the local market ved higher with land com-

pantes optimistle

rate

from $6 10 at the end of last

week to a low of $802 vester-speels of the day whi

might

ci4st- have on the gold courage buying

Interest Turmeri market towards the share market agadn

There are high hopes in Jet Colonel House Street now thi Nasser has decided to send apecial observer to Londm for the Suez Canal conference, that Bone peaceful solution will be founut.

Obviously investors will watching this meeting closely before commitments.

VITY

bill going through change

about the rent increERATE with little

Industrials Higher

Industrials were all marked sluhtly higher but Textiles and {

companies

Investmen

quet aand largely static.

wort extending

KO

their

K

is

and

the market will possible that turn sluggish next week pending some definite outcome.

Turnover Down

Turnover dropped sharply this week from $0.26 million to $4.14 million dae very largely to the dull conditions earliez in the weck Turnover began falling declinel in off on Friday and the $400,000 mark on Monday.

WONT

k

sentiment.

T/O: $480,000

Further recovery in incket with majority of

the

shures

tacking on fresh T/0:

gans.

$1,020,000.

TODAY'S

SHARE PRICES

(From Our Correspondent)

Business done on the Hong-

Stock

Exchange

morning arounted

this

to Appro ximately $425,000. Noon quota doingtons apd the mornings trans.

stions:

I hear Nunyange are very well and their order books. are Gilet for several mumtha This may be one shore nhope.

watching: It has been quiet for long tine nut serves it better rate than $7.00 in the opinion of some brokers,

There have been one queries about Wheelock's annual meeting.

Xharry Buyers Sellers Malen

HANKS

1813

FIK

Hank

INSURANCES Classyt

DRG

Lombard

40

two

SHIPPING

Wheth

a 90

D 100 17 я по

6715

+1 412%

14 14 20 500 14.10

I learned yesterday that the chairman does not expect return from the United King- dom until late Scptember/carly

eber and that the meeting will not be held until October The shares moved up 10 cvats yesterday.

have They

been thanquet in the last week and have I picked up t more

fractionally with thes $800,000 on Tuesday and topped risen

eneral market trend

}}} Rubber shures have steady and quiet and there is little change

#chary This week the in prices. Here is only one u13). panel shows a tally of 15 up, 11 the week

$1.0 milen yesterday.

Last week 21 shares

down with seven

Wern

stendy and only three lower.

Friday:

the

As mentioned earlier Utili-

leaders In

tles were the

DOCKS, ETC K. Wharf. Ik Provi 10)

MT4 20

15:20 10 40 2500 is 15.30

071% Gel

10X A 20

10 90 20 20

143

LAND, ETC JK 11otel HC Land they RUILBER Antig

UTILITIES Trate

24 24 30 Yatunda

111 (light (0) 24.10 24 20

הון

1 30 0000 475

900 # 24 300 N 580 34.10 1000 I 20 2800 v 21.00

HK Bank

Lombard

Union

11h Dock Provident

HK Hotels HK Lands Humphreys

15

★ The Share Market At A Glance

Up or

July 10 1690 47

July 25

Aur "2

ADE B

1670xd

1070

1000

Aug 16 1040

down

-$20

46

47%

46

steady

200

995

000

985b

905

+$10

Underwiiters

8.85,

8.85

8.854

8.800

8.80n

stendy

Union W'boat

23.001

23.00

28:500

24

Wherlocks

9.15

9.30

9.10

8.80

8.90

23446

-600

+100

HR Wharf

0%

03

90

AB

83b

sleady

41346

426

425

41

41

steady

14.50

24.70

13.00

14.10

+-200

14.90

15.80

15.40

15.30

+800

404

08

0114

67

0714

+500

20

20.300

20.20

134

1.62K

1.475m

20.20% 1.45

20

stendy

1.473

24.00

25

24,50

23.80

24.10

+300

Yeamatis

Star Ferry

1416

142

187

1390

139m

steady

114

114

112

109

111

Ch Lights (0)

24.90

25

24.80

23.00

24.20

+000

Ch Lights in)

22.30

22.40

£2

21.20

21.60

+400

Eletric

8;

3214

31%

30%

3144

+$1.

UK Telephone

24.90

25,80

25.30

24.50

25.10

+004

37

3714

361

3534

36

4250

16.60

30.70

10,30

15.80

18

12.50

12.70

12.40

11.80

12

Lane Crawford

29

29

2014b

29.40b

20.40

29.40

7.10%

7.05

6.80n

6.70

6.70b

--c

5.25b

3.40%

5.35%

5.300

5.20%

steady

HK FE Iny

11.40s

11.40s

11.20m

11,40%

10.600xd

steady

4.65ca

4.65

4.40%

4.45%

4.40%

stcady

1.00

7.708

7.00

7,00

7.40n

steady

IIK Realty

IK Tumns

G.1. Cement

Dairy Fanı

A.S. Walson

Yangtze

Allied

Textilo Corp

Nanyang

Wall Street Stocks

Move In

Irregular Pattern

New York, Aug. 16.

Stock followed a generally irregular pattern

Market

In Doldrums

New York, Aug. 16.

The cotton market was in the doldrums to- day with trading at the lowest level this month.

At the close, the Bst ruled ñya to 11 points lower. The market opened unchanged to 12 lower. New Orleang closed nine to 18 lower.

The inactivity is said to refect tho the increased hedging in

past two reasons and the drug Epol cotton prices recently while futures were advancing.

In

The list opened lower with some light price fixing in the nearby months and aalising in the distant deliveries, and beli within a narrow range in quiet dealings most of the day. Losses further were extended

a bit toward the close.

Liverpool rources sold March and May carly in the stasion, und one broker was reported lo have sold 1,000 bales of distant October.

Volume Open interest

0.000

July

81.54

Oct.

$1.34

Dec.

11.84

NEW ORLEANS

Prices of futures closed today

ce follows:

Spot

Oct.

Dec.

Mar.

May

July

Det.

Der.

LIVERPOOL

333)

23.24-23

21,21

33.09

39.03

Futures claring, in pence per

b. were as follows:

Old contract

Mar/Apr.

Oct/Nov

24.00

Dec/Jan.

24.05

2133

May/June

24.20

July/Aug.

24.10

New contract

Oct/Nov.

24.50-88

Dec/Jon,

24,53

Mar/Apr.

24.35

Munil

May/June

24.25

Oct

248,000

July/Aug.

24.20

WORLD

Dec.

15,300

543,300

Egyptian Harnak

3.100 347,900

Nov/Dec.

63.90

May

2,000

178,200

July

1,000

00,400

BÀO PAULO

Ori.

POD

120,500

RUBBER

Dec.

500 21,100

Futures closings, in eruzeiros

Total

33.200 1,033,400 balen NEW YORK

per kilo were as follows;

Oct.

35.70

Dec.

30.09

MARKETS

Mar

30.88

Prices of futures closed today

May

unquoted

as follows:

July

unquoted

Бро

34201

In the US the

average spot

Oct.

price

Dec.

33.20-27

The No. 1 Rss rubber futures contract today closed 40 to 50 points lower contracts.

May.

May

Preas.

with sale

of 20

*

New York, Aug. 16.

The standard contract closed

today with only a handful of individual features 30 to 50 points lower with no to enliven the dealings which continued at a slow

pace.

1,700,000 kpfalked Turnover shares, 210,000 below yesterday and one of the lightest tulals siner July 2.

กร

a

There were gains in stecis, #ircrafts, alla and metals but Industrial stock

group clo cd off 0.51 on average when a late attempt at rally failed to hold

Halls were down 0.40 in their average with declines running Dear 2 points in Santa Fe.

Utilities were steady.

Steels held well on the lake upturn and closings in the group howed gains of more than 2 points in Allegheny-Ludlum,

Oils Move Up

of ¦ V Lugha (N) 2150 21 90

100 21 70 Ekebida

314 31 75 1400 3

20 23.40

1800 & 2320the 24 2415 2000 2420outcome

Prices drifted frac- tionally lower. 'F/0; $750,000.

"TEMPUS FUGIT”

means

NOW IS THE TIME to open a

6%

Mlalaam 'Deposit £100

DEPOSIT ACCOUNT

with

LOMBARD BANKING

SPECIALISTS in Finance for Modern- Industrial Plant, Machinery, Marine Craft, Aircraft, Vehicles and all types of Equipment in the new fields of Nuclear Engineering, Automation and Electronics in support of <1. Balance of Payments

2. National Prospertly 3. Maximum Productivity

Send today, for "Deposit Account” booklet No. A074 to General Manager

LOMBARD BANKING

LIMITED

DANKERS

Head Office:

LOMBARD HOUSES ALDFORD STREE

PARE LANE, LONDON, W.L.

(0)

אן

INDUSTRIALS

Crinery

Rope

36 IF Te

35 12.00 STOREA, ETC.

18.90 10 10

13

Dary

Wation

COTTONS

Textiles

Nanyang

MISCELLANEOUS

Palest

40 7.00

INVESTMENTS

17.80

0.00 4.90

400 10

5.20 1000 **

Yaustazo...

Allied

General Motors

Int'l Business Machines Int'l Harventer International Nickel International Paper Int'l Tel. 4 Tel. John-Manville Co Konas C Power & Light" Kennecott Copper

Liggett Meyers Tab. Co. Lockheed Adreanét Loews Incorp.

666583

31.80

30.80

29.00

20.00

The market was dull as most feeders awaited further develop- ments at the London meeting

*

33.40

32.77

32.22

was 32.87 cents, Salca

fotolled 12,645 bales.United

PO BIELA

COMPANIES

PENINSULAR & ORIENTAL S.N. CO.

PASSENGER/FREIGHT SERVICE

Outwarde "CANTON"

"CORFU"

"CARTHAGE"

"OHUSAN"

Leaves London Due Hongkon

Salled

16th August

20th Axant

17th September

12th September 16th Debober

28th September

sales reported.

50 points lower with sales of 70 contracts.

The rex contract closed 30 to

General Electric

0215

Closing prices:

General Foods

50

4721

No. 1 R5

Gen. Pub. UNI,

371

Sept.

36,50

Gelly Oll

Dec.

34.00

Gildden Co.

7731

Goodrich (B. 7.) Co.

01

standard contract

Goodyear Tire

Sept.

34.50

Heyden Chemical

101

Dec.

13,00

Homstake Mining Co.

3476

Mar.

Ingersoll-Rand

Dils

Mas

Inland. Steel Co. Interchemical Corp.

July

3012

Sept.

0044

Nex contract

1101

Bept.

Nov.

Jan.

Mar.

May

140

July

07

Sep1,

48***

23

ove

Lone Star Cement Co. Louisville & Nashville R. Lowenstein & Sons Mesabi Iron Corp. Minnesota Mining Mimon Development Monsanto Cherifcal Co. Montgomery, Ward

47

100%

7 the Suez

Conal situation.

12

Spot No. 1

Rs win quoted

37%

nominally

ak

2534 centa д

124

pound.

1224

*

Homewarde

Motorola Inc.

431

Suntz

Northern Cash Reg. "A"

SINGAPORE

"CANTON"

24th August

which London.

Notional Dairy Prod. National Lead

"CORFU”

12015

*

50

47

buying from up-country. Later, prices actuated very narrowly Ti with

particular tendency

*

100

013 developing.

Via

There was Sony?

2

sheets.

*

By Futures:

#

45

BADL

Nov, unquated

D1

404 No. +

No. 3

05-9514 02-03

411

003-90%

82

Blanket crepe

79-60

131-123

B54% 0740

LONDON

Oliy

with A stake in the Middle East moved up early

optimizm

The

Ira

Oxy

Tit

DI

14

Canal conference bigan today

Royal Dutch held a 2 point rise bui Gulf finished with only a fractional gain. Midwest Oil, Pure Oil,

Shull

and Atlantic Reining lost Lo 1/4 points,

International metals, Nicket featured with a gain of around 2, exdividend, Dynamles A

the feature in aircrafts, climbing sharply in nctive trading. The when- issued

rose nearly common and the old common more than 3 in the second and third spots on the active list,

London Stocks

Rise And

Back Off

London, Aug. 16.

Prices continued yester-

WRS

General

2

Motors were slightly lower. New York Stock Exchange bond volume was $3,720,000.

American Stock Exchange volume was 010,000 shares.

Dow-Jones closing

WETE:

30 industrial

20 mi

18 utilities

Dverages

Natturai Steel Corp.

New York Central Olin Mathic@of Otis Elevators Owen-Illinois Gins

Packie Gas & Elec. Pan American Airways Poramount Pictures

Parke Davis Co.

Penny J. C. Co.

Penn. Sall Cu. Philip Morris

Procter & Gamblo Co. Pittsburgh Plate Glass Pubilcker Industries Pure Oli

Radio Corporation Republic Steel

Reynolds Metal Shell Oll Co. Saint Reg. Paper

| Binclair Oil

Socony Mobiloli

South Puerto Ries Sugar Southern National Cas Southern Railway (Com. Flendard Branda

Standard Oil of Cal. Standard Oll of Ind. 512.19 Standard Oil of NJ, 163.33 Sleep Rock (Toronto)

70.70 Herling Drug Co.

181.00

94.1 Blokely-Van Camp,

The market steadied after a Tightly lower opening on little

no

124 trade support at lower levels

three 50 particularly

419 No. 1 rubber per 18. Sept. 9031⁄2-1001ā

Oct. 001-004

No. 2 rubber per lb, Sept. 9614-0015

Spot rubber unbated

No. 1 pale crepe

The market was steady with spot quoted at 20% pence per Sb. Prices:

General markets, of basis, ports:

0412

No. 1 Rm spal ......... 2016-2024

Settlement house tema: Sept.

2014-2014

Oct/Dec.

29-2011

Jan/Mar,

23-201

Apr/June

2/16-2731

< bonds

Comm. future brico index Comm. spot price index Moody's index

160.24

10-4.00

Studebaker-Packard Corp. Swift & Co.

July/Bept.

unquoted

424.90

Texas Co.

Aug.

Closing Prices

Tide Water Arm. Oil Twenty Century Fox Film

Sept.

Nov.

Union Carbide

Estato crope, thin Sept.

Union Pacific Raltway

Alden Lio. Acy

100

day's rise in the morning of stocks session on the London Ex- change today, but backed off

slightly later in the

day to await the outcome of talks on the Suez Canal nationalisation.

Ailed Chemicals

The main body of stocks had Alled Me Ins.

a firm appearance.

Meanwhile, the Paris Bourse showed some gdine today with observers attributing this to the firm position France has taken on the Buez Nspute.

Briush Government met demand and closed at the day's best levels. Gains ranged to £4.

after sofne

agala

Allis Chalmers Amer. Foran Power American Airline American Cable & Radio Corp Ameton Cyanamide Co. Am. Mach, & Farx (American Metal

Americans Bmelting Am. Sugar Raf, bag American. Tel. & Zel. American Tob, "B" Ansoonds Copper

Annoo, Bel

Armour

wide Baldwin-Lima Bam.

OTS gyrations, finally settled on Baltimore & Ohio

Denda Aviation Corp. moutst

Royal Benguet Cong gaire. pomo Dutch, cloedd up

£1, British Bethleberry Steel Petroleum was up shillings Bosing Alpiang and Bumah nnd Shelf Tran Borden (The) Co. port up about 2 shillings.

Suez Canal gained, to

Burroughs Add Machine Canadian Padilla R. Care sun ki, so.

Cal. Tractor Arr: Kolenëse · Corp.

Galna also appeared in mich industrial as Rolls-Royce, Vic kers and Ford MotorsUnited Prose...

Exchange Rates

Emkinosa, was done, fn.

CIT Financial Corp. Chase Manhai Bank... Chrysler Motors Climax Molybdenum Colgate-Palmoliya Co. Commercial, Credit Commonwealth Klee.

· Consalidated - Edimar Conti "Crane: Com

Crow

Unitronial Auxcbanke, yrket e filis) » DARMONİT

morning at 15%

V... dollar (per;"

Sterling noles (fer." 41)

Dow: Chanic

Attiralions notre \(58) £1) + TOALETA ET PANDANI

Indonesian rupish; (per t50).

Bian omiflper -

• Bingapore . Entrait

United Aircraft

104.9. Gypsum

30.1/3

U.S. Line Co.

UB. Rubber

344 U.S. Smelting

14

US. Sice!

2110

Warner Bro

BY

Westinghouse

Electria

13

West Va., Puin &.Paper

Woolworth

United Press.

thick Bept.

20%-20-1 2014-2813 2014-201

371%

woro

30

Amsterdam rubber prices

unavailable-United Press.

New York Sugar Market

Now York,. Aug. 10. World "No. 4 sugar futures

London Foreign closed today unchanged to two

Exchange

1

New York

103

Montreal

4310 Ameterdam

4536 Frankfurt

18 Mart ; -

991 Paris

1894, Atockholm

44 Zurich" ite

points lower with salca of '32 contracts,

Domestle No. 8 sugar, futures closed one point higher to two London, Aug. 15,

2784-2.785/10 points' lower with sales of 435 273.5/10-2.77% contracts.

405. Others were uncha 100% New - York. Forecl

[rites were unav

Pressu

-139.35

་

10.0416-10.844% Activity in the domestic 11.046-13601% futures ..

market 0013-1035) 1785-17103)

14.401

was confibod to the September

mainly

very where 150 contractal were fals ported-sgainst sales of setunis. Light liquidation in the World xchange futures market was absorbed through tende, houses, ratures: Contract No. (World);

NAMESAKES

September

October

·MAY

27th October

Vis Southampton, Port Said, Aden, Bombay, Colombo,

Penang & Singapore,

Leaves Hongkong Dus Lundon

In September

"CARTHAGE" 19th October

"CHUSAN”

Bizgapore,

31st October

Penang.

Port Bald

24th September

22nd October

13th November

17th November

Bombay, Colombo,

London.

FREIGHT SERVICE

"BUNDA” due 19th Aug.

"BALSETTE”dua 27th Aug.

“ŠUNDA” loads lith Sept.

from U.FL

from UK.

Aden,

for Bingapore, P. Bwet- tenham, Adán,, Hayes, Londen, Hamburg. Hot- terdam, Antwerp &

Grangemouth

from UK.

"SINGAPORE" dus 20th Sept. from UK.

"SOUDAN"

*

*

due 14th Sept.

BRITISH INDIA S.N. CO., LTD.

1836 -- ́À HUNDRED TEARS OF SERVICE --* 1956

"BANTHIA” due 26th Aug. from Caloutta

salle 20th Aug. for Japer

P. & 0./B. I. JOINT SERVICE

"URLANA"

"ITAURA”

"UMARIA".

"ITRIA"

due 23rd Aug. walls 24th AUR..

due Jed Sept. salle, din Sept. due 8th Sept, is 10th Sept.

Sept,

from Karachi & Bombaj for Japan

from Karachi

for Japan

from Japan

For Singapore, Madros Colombo Karachi Basrah, Khorramshahr de Kuwait

from Japan de Shanghai for Bingapore, - Penang, Tuticorin & Bombay

EASTERN & AUSTRALIAN 8.5. CO., LTD,

“HASTERN". Londt eth Baph')" for Rubail, Sunda fung * Brisbaney, Bydney, Mal-

„bourne & Adelaide. "ARATURA” dae 18th Sept.; from Australia

All vessels have liberty to call ni'any, porta; Da ́er, pất thù saute à fhe route, de salling are subject:20

for fret martforlees apply for MACKINNON, MACKINZH & 20 OF HONG KONG LTD. Totopinate No