TRADE
THE CHINA MAIL, FRIDAY, SEPTEMBER 7, 1956.
and
COMMERCE
SECTION
Pare
SHARE PRICES HOLD UP New York Cotton New York Sugar
Operators Waiting For Developments MARKET DULL
By A
SPECIAL CORRESPONDENT
HK Banks
HK Hotels
JK Landn Humphreys
13.60 68 20
1.475m
་་་་་་---་་
4234n 13.806
15.30
67 Y 208
alcady
-25c www -200 300 -30%
steady
* The Share
Market At A Glance ★
Up or
Aug 9
1660
Aur 10 1040
Aug 23 1636
Lombard
47n
44b
Aug 29 18306 45m
Sept G
down
1840m
42b
+$10
steady
Unton
9836
BOL
100011
095b
1000b
+$3
Underwriters
8.500
8.5011
8.800
8.80
Union W'bast
334b
4.100
23.70b
4.800 23.701.
stoady
Wheelocks
8,80
8.90
8.RA
8.33
8.35
teady steady
IK Wharf
BHb
89b
896
IIK Dock
41
41
41748
4114
Provident
13.00
14.10
14m
14
15.30
15.10
งา
GH
20.20%
20
200
1.45
1.475
1,48
23.80
24.10
24.20
24.20
139n
139p
1350xd
136
1.425m 23.40xd 134b
201
Yaumatis
100
111
109m
110
109
(h Lights (6)
23.00
26.20
23.00
24)
2436
steady
21.20
21.00
21.30m
21.80
21.706
aleads
3014
31
31
12
32
3114
-506
24,30
24.90
25.30
-300
36
30
30
2634
3071
nloady
15.80
16
16.20m
A.S. Watson
11.80
12
12
12.70m
Lane Crawford
20.40
20.407
**
Vanglaze
6.700
<I signing in- (two operation
All
5.300
5.20%
HK & FE Inv Textile Corp Nanyang
11.40%
4.43K 1.800
10,000xd 4.40x 7.600
20.300 6.00b Sa 10.000 4.15b 1.00ກ
29.40%
16 12.60m 39.60
10
6.60b Jb
6.70
steady +100
5.10m
steady
101.60TA
10.00%
steady
4.40n
4.25b
steady
7.40m
7.451
steady
Conditions were again dull on the Stock Exchange this week with operators waiting for some development in the Suez Canal situation to indicate whether the Egyptians or an international group are to manage it.
Business is running at a fairly sledy rat
Just
over
$3
mullion and there
ponderance
of small lospan, QE
The Alch
to
The
391-
The fully shrew- twelve losies
12120
Hut Keit teresting point, we toxited it has here for the last few weeks, is Fire muerte r of shares
the Mendy
Thi weel, they are fourteen
three In the provÍÐUN
weeks There wer 13, 14 and 11
Wide Fluctuations
This is a brand refletion of the mood of Die market at The moment an anything else the i narrow movements over the list Iow weeks new largely dictates!! by netivity which in turn is de
t by The Insterbanttor
fr
xiluation.
In New York
and
wanted the shares.
This was
a мrvice provided by the com- pany purely for He convenience of shareholstery.
Quite apart from th
711/12 volved in this
recours and the secretary each certificate), the Telephone Company suffered 1 setback the sudden Hiness of its with jenter share clerk. who has, 1
Landstand, since tied
crises understand that fraction ceriiffeales are in the process of being sold,
14
Th
Tu
f་,་་་ ་
T/O
Hey Isaiary of the week
Friday: Sivay
tionally. $1,900,000
Quin,
Monday:
fructionally lower
7/0 $510,000.
London Tuesday:
wiler
then i
there have been much fluctuations by surfers but other fact us at work example, in the previous week. New York was affected by
DUCE Cater reacled
For Wednesday:
further raising of bank accept- Lendon, this werk. La tthe uncomfortably Chancellor of the Exchequer's warning on the name sitica tion. And the TUC decision not to advise unions to moderute demands for wage increases will probably
further weak-
neas.
C
Hongkong
hun ton Largely free of other pressures and this i is the main reuson for its ro lative stability. Certainly it has ¦ been impossible to draw any clear impression of the trend of
Talks the present Cairo
other than that Colonel Naseer is not the going to yield control Canal easily
Perhaps one good sign on the local market is that tops and Hongkong Hanks see baldizut up well. Blue Chips are off frac-
Thursday:
1 Realty KK Trama
Star Ferry
Ch Lights {n}
Electric
HK Telephone
G.L. Cement
Dairy Farm
ግብ
15.80
12.00
Wall Street Stocks London Stocks
Give Ground
New York, Sept. 6.
Stocks gave ground today for the first time in four sessions, reflecting chiefly a lack of interest
No change TO│in the market as attendance in Wall Street-was $760,000
Extremely garet eundations No ehunge #1 rates TO $100,000.
Dull
feature less. T/O: $304,000.
TODAY'S SHARE PRICES
cut by the Jewish holiday.
Turnover foll 11 1,550,000 Ford shares ftum 2,130,000 yesterday and was the lightest in a week
Pront-taking
was in order after the three-sertion advance which added 4 billion to market ¦ values.
Matur General Electric General Forends General Motor Gen Pub BU detty ol Glidden Cu
21.
471
48
30
53
+
34
price
rich (BP; to Dodyear Tyre Heyden Chemical
omstake himing co Ingerul-Hond
703.
00
14
For most of the list changes were small cher way.
taland Steel Cu
Specialties continued la demand | Tnternational Corp
und
tew "
Mocks dropped sharply. Chief decliner was
Santa Fo which dropped + points and accounted for a Roox part of the 1.15 loss in the rail. average.
Industrials Down
Ini Business Machines fari Harvester
International Nickel International Paper
at Tel & Tel
Kansas C Power & Light Kennerett Copper
Jubon-Manville Cv.
(From Our Correspondent)
Business done on the Hong kong
Stock Exchange this
wmounted to morning
appro- $250,000 j ximately
Noon Out of a tolał 1,150 issues: Motovala tue and the quotations
morning's traded. 436 Wire lowey
131 transactions:
The most, by 50 Shafts Buyers Sellers
Honally rents Ekerries *The
tw Light
J
212
$314
seurly BANKS
<l Traum ex-dividend ake only
20 Leni
dluss n
phones are 30 cents lower
הידול
reports about this company and the sharp merense hi the value
4k Bank
Fam Kata INSURANCES
Unarn
SHIPPING Wheelock
of its exports to Southeast Asia. Hotel
Wharves are stendy
1000
1643
Sales
* 01
1635
11 BO F DO 2001 J де
higher.
Futures Trading Slow
New York, Sept. 6.
Narrowly irregular price changes accompani- ed a slow trade in cotton futures today.
MAY
At the clows the list ruled off | Miren Alo up points, Opening prices July were up 2 to off 2 points. Now Ober Orleans closed up & to 12 potols. December
Traders favoured the side- lines for Two reasons: 1. on-coming
Kovernment estimate on Monday: 2, With- end consideration,
Operations meanwhile were
Nearby
BBGEB
Market
New York, Sept. 0. World No. 4 magur futures los day closed 1 point higher to I point lower with no sales re- jarted. Domestic No. 8 sugar clored inchanged to 2 points higher with sales of 11 contracts, Futures:
Contract No. 4 (world)
ONL
1.20
Mor.
May
3.33
July
#21
Sept.
3.31
Spot-cente per ib. feb
Cuba
0,24
NEW ORLEANS
Contract No.
The
crop
Prices of futures closed today as follows:
Nov.
3.4
Mer.
4.41
Sirut
22.75
May
5.44
Juty
0.31
October December
Sept.
0.01
mostly local
months March
Nov.
3,34
of May
Spot-teenki per lḥ, eff
NY ex-duty)
3.4.1
October Decenber
32.61-03
United Prem,
12 09-60
LIVERPOOL
Futures closings, in pence per
Old contract
Oct/Nov.
24 R2
Dec./Jan. Mar/Apr. May/Juno
24 00
24.03
24.50
July/Au
24 B0
New untract
Oct/Nov.
25.23
Τένις: 18213
lagged under the weight
October liquidation and hedge duty
Deferred
deliveries
showed
elative steactiness
scat- N 4
tered speculative
demand met
light offerings, Seller cautious, were as follows: uets in the deferred continued to reflect shrinking production prospects, for the current erup and next year, and possibilities for a higher government 100n rate on the next crop.
Average
ment's
private
the of indicated surveys
☐ crop of around 12,010,000 bolcs, Thit compared with
WHA the Govern- August
Di Agures 13,882,000 bales and just years crop of 14,721,000 bules.
Open
October contructs to day totalled 200,700 bales, The certificated stock rude 122 bater tu 2,994 bul
Manth
Rise But
Volume Open interest
Fall Off
Oct
10.200
200,780
Dec.
20,000
678 200
Mar
11,700
345,800
May
14,400
July
0.000 110,100
Oct
Dec.
7,500
Teisl
com-
London, Sept. 6. Stocks markets have Again been almost plotely dominated by the international situation and at the outset there was a
tendency to interpret the overnight statement from Cairo as favourable and
3 prices went ahead.
0315
78
445)
In the afternoon, however, the 9744 rise
und was halted
prices eased off following the report from Egypt the Suez talks hat reached a stalemate.
30%
100%
177
321
3435
41
07
Au
CHill-edged opened on an en- 1384 vouraging note but most of the gals were wiped out later, Old
1/10 Consols
down were 2014 "Daltons" were unchanged,
bonds there In foreign
WOR But thange
German except Dawes which were Arm, gaining
on the day.
TEGE
203,900
8,400 31.900
0,700
83,200 1,873,300 bales
NEW YORK
Prices of futures closed today
as follows:
Spot
October December
34 350
33.10 23.70
WORLD RUBBER MARKETS
New York, Sept. 6. The No. 1 Rss rubber futures contract today closed 30 to 45 points lower with sales of 80 contracts. Closing prices were:
September
32-40 December
3290-62 The rex contract closed 20 to 50 points tower with sales of $1 Contracts:
November
September
January
March
20
Atar/Apr
May/June
July/Aug.
Egyptian Kartak
Nov./Dee
SAO PAULO
CHICAGO LARD FUTURES
Chicago, Sept. 0.
Prints of tard futures' closed
teday in cents per ib, as followst
Soulembor
11:40
October
11.00
November
11.00.
December
13.03
24.39
Janisery
13.00
March
13.20
30,33
United Prem
Futures closings, in cruzeiros per kilo were as follows:
Oct
Dr
Mar
May
July
In the US the price was 38.02 lolz Cest 33,128 Presk
*
30 30
37,30
34,40
37.50
17.50
NAMESAKES
Answers:-- Ephesus, 2 Torana, average spot 3 Empire, 4 Corinth, & Maltu, 0 centa, Sales Stephen, 7 Voyage, B Damascus, bale:.—United [9 Epistle,
Saint Paul,
P.OBIEA
COMPANIES
PENINSULAR & QRIENTAL S.N, CO.
PASSENGER/FREight Service
Outwards
"CORFU"
Lestas Landge
Sled "QARTHAGE" 13th September
"CHUSAN”
"CANTON"
Ligeti Myers Tob
Lockheed Alterati
Loews Invotp.
Lone Star Čement Co
H
Industrials were down 0.33 in their overage and utilities oused 0.20.
Louvlite & Nashville R
Mesulid Tron Corp
324%
Minnesota Mining
Minaton Development Monzante Ctenidest Co Montonery Ward
37
P
42
443
National Candi Nex
A
022.
BEST LEVELS
National Dalry Prod National Lend
1184.
There
was further selective
National Steel Corp
14
30%
buying of industrials during the
May
05
July
2940
677% morning
47
AL
Havillands
227
but Rolls-Royce
but here also prices reacted the best levels toward 7245 the closy.
In the aircrafts de were up ninepence down
September
26.80
Standard contract elased 20 10
60 points lower with sales of six contracts:
Via
were
September
31.00
sovenpence.
Dealer March
31 70
100
30 20
July
29.30
September
20 30
"BUNDA"
A few oily starred on the up- Union Olt of California, siche
up more than $ yesterday, adelesi
nother 2% points on news of big strike in Costa Rica. Texa Gult Producing over 3 points
its
New York Central Din Mathieson Outs Elevatora
Owen-Illinois Class Pacitte Gas & Elec
Pan American Airways
car up Pranount Pictures
Parke Davis Co Penny 10 Co Peon. Salt Co.
Oils
with Middle East in
in early tereske were strong dealings on a more hopeful out- Suez Canal situa- look for tho lion but backed down late in the day. Gulf held only a rise and Royal Dutch way down
Rubber Prices Lower
DOCKS, E..
Coments ne trolding up
well
K Whart
.
10091
and I confime to
gunxh
Ikk
415
Prov
12 BU
LAND, ETC*
15.30 15 40
at $80K 2.
011
CHI
100 6
CB
400 In 075
400
1.
T Hampireys
RUBHEI Amalk Trist
1.45
UTAITLES
Tram XD
23 10 231
104
buyers while Docks and Pro- vidents
fractionally uro Most land issues are also slightly lower.
American T/T which noved up slightly on the gold market
20
Steels were firm. Molors were steady.
Stock Exchange New York bond volume was $3.670,000.
American Stock Exchange Uno 23.40 volume was 040,000 shares,
L51 1350 1 471,
100
after the holidays but which as Ferry probably took very file Invest- Yaumeli
108 110 frem the share. Light 0 24 40 2400 ment money market-eased back toward the Light N3 2115
Electric Telephone
end of the week.
Rubber priers arc a little lower and there have been odbi parcels of shares sold
the week at ricady rates.
་་
Philip Morris
Procter & Gamble Co Pittsburgh Plate Class Publieker Industries Pura Ou Bodio Corporation Republic Steel Reynolds Medal Shell Oll Co. Sont leg Paper Sinclair Oil
Sucony Mobil Bouth Puerto Rico Sugar Bouthom National Gar Southern Railway (Com. Standard Brands Atandard Oil of Cal, Standard Oll of Ind. Standard Oil of NJ.
200
100
Dow Jones
clering
avera Steen lock..
22
100 or 2414
2321 75 200 as 31
were:
industrials
NI 20 80 2420 200 e 25
INDUSTRIALS
1.10
1100 304
200 710 20.50 50
10
10 90
25.00
440
4000 0 4.40
1.40
1000 t
during Cement
201 37 STORES, Ere Dairy
... 15.80 10.10
Craw Lene COTTONS Toxties Nonyang not necessarily for publication INVESTMENTS
good
Yangiare Ailled
I have received a query on Hongkong Telephones from an anonymous correspondent (in future, please sign your
but as a sign of
who asks
name,
faith)
♥
ascertain "Would you kindly when the amount due on frac- tions will be pald?
"The closing date for applica- tion and payment for new shares
two was as long 119 montha ago. Therefore, soon aggregato should!
of
tractions
5,10
Singapore
We are
15 fies
05 stocks
40 bonds ...
Comm. future price index
Comm, spot price index Moody's Index
Closing Prices
Alden inc
Acy. Allied Chemicals
6.70 Allied Mula Inc.
Allis Chaimmery American Airline
Stock Market
Singapore, Sept. 7.
Am. Cable & Radio Corp.
American Cyanumide Co.
Amer, & Fergn. Power
Am. Mach." "de" F'dry American Metal American Sielung Am. Sugar. Ref. American Tel & Tei American Tob Anaconda Copper Armco Steel Amour
Baltimore & Ohlo Bendix Aviation Corp, Opening Benguet Cons...
Henkaletsærri Biel
$1.00 Boeins Airplane
Banden (2)achine
after this daig, the number
Brokers today quoted the fol-Baldwin-Lima-Ham. have been sold and the proceeds lowing stock prices; distributed proportionately to
Balu Lintang Rubber Co. shareholders.
Lid,
Borneo British
Petroleum Byndicate Consolidated Fin Emellare
Did. Friðlar & Neave Lill. Ord, 1992.02 Fraser & Neave 714%
oym. prote langkong & Shanghai
IA Corp.
Being Sold
"Incidentally, montion
might also the delay In Issuing certificates for new shares, since pald for
many have applied an
FMA | Hongkong Tin Ltd,
their allotments long before the Kemper Ltd.
closing date, thus allowing Luna" Rubber Estates Lid. ample time for the certificates Malayan Breweries
written up and ready for New Berandal Rubber
Lid, delivery within one
andy
but Petaling Tin Ltd.
Bingapore Cold Storage Bobin British, Insurarios, stralia Trading Strolla` Staamahlp Jailed Engineers Ord.. Weurne Bros,
colors Remes Hotel
lately some received their certificates,"
I understand that just over 9,700 share certificate went out is a period of six weeks, Share- holder wore fret given - ani opportunity of saying how they
** **diy.~China, Mail Spe
570
Durroughs Add
20x
Canada Eco R.
Ceo (JL) Co
Cat, Tracto
$5.1M
Delanone Corja,
GIT. Fincial Corp.
$880
5434
31.07
.0,80
$2.93
Sterling Drug Co. Stokely-Van_Camp.
509.40 Studebaker-Packard Coro.
160.00 Bwift & Co.
69.03
Texas Co.
176.12 Tide Water As, Oil
92 00
Twenty Century Fox Film 100.92 Union Carbide
104.00 Union Pacific Railway
402.20, United Aircrati
$ 10%
U.B. Gypsum
#1
**
oct
4511
33
до
were few and small,
were irregular
but other base
44
42)
mictals improved.
B43% Os got off lo
good start
00
6316
821.
544% in
3047
43
192
dis
60%
404%
304
and
12
May...
wag
too far
Eh Bephenber
loth October
Dus Hongkong 17th Septandar 10th October 3713 October 12th November
duo 14th Sept.
GUA 19th COL
Gold shures Bad another quiet day and price movements i
Coppers
78 and gains of seve
of several shillings
in the were recorded
Activity slackened abruptly on the terminal market follow- ing a brisk start, Uncertainties the Sucz Canal surrounding slluation, and dullness In the slu leaders London Market, made traders but the Calro news upset things wary about venturing
the afternoon
prices for the time being. Some traders came back well below the bes: felt the effect of the Sucz situa- Jevels, British Petroleum end- tion
being exaggerated,
happened, rubber could be ship- ped via the Pacife through the Panama Canal, and that other Wen sources of supply
lk Africa and Indo-China, would be avaliable with the extra possibility of Ceylon also, ship ments could be routed around Caps, which would entail temporary
inconvenience m Revivale fare of the reign
393% e the day three shillings They reasoned that if the wors
penco
up, Royal Dutch one shilling and Shell Transport one sabling threepence.
Suez Canal shares were higher at 58% sterling-United Preis.
LONDON METAL
PRICES
London, Sept. 0. Prices of metals closed today 25 In sterling pår lops ton Mollows:
Tin
προι 3-month Copper spot
-month
3004 Lead
117 1st half Rept. 110%
Zing 1st half Bept. Zine Xat
П
unccctaźnica
COMUNALE w Unued cautious, No 1 Rue was quoted at 38% ceals a pound,
SINGAPORE
The market opened steady on orders. trade buying against When this was satisfied values gagged and during carly, after- noon there was fairly heavy 902 liquidation which, however, 'WAS 0414 9444 | well absorbed by trade, Futures: -United Press, No. 1 rubber
September
New York Foreign half ver. 115
October
NEW YORK METAL Nobber per 16, Sept. 20-00
New York, Sept. 6. Prices of metal futures, aloced today, in conte por lb, as follows:
18.06b
No. 3 rubber per ib. sept. 80-10
| No. 4 rubber pay (b. Sept. 30.87)
Spot rubber unbsled ... Dianket crepe
No. 1. pale crepa *******
The market was firmer with 18.005 spot quoted at 27% pence per lb, 96.73b
500 Prices:
12356 No.1 Rem spot
13.106 Bettlement hous term:
Via Southampton, Part Said, Aden, Bombay, Calombo, Penang Bingapore.
Homewards "CORFU" "CARTHAGF” "CHUBAN" "CANTON**
atgapore,
Leaves Mongkong Duo London Elsa Beptember 22nd October 19th October
Slas October
19th November
rith November
10th November 17th Deceraber
Colombo, Bombay, Aden, Pori Bald & London.
Редко
FREIGHT SERVICE
loada 12th Sept.
for Bingapore, P. Swet- tenham, Aden. Havra. London Hamburg, Rot- terdam, Antwerp &
Grangemouth “BOUDAN”
from U.K.
"SINGAPORE”due 29th Sept. from UK.
from UIC. "SOMALI
"SINGAPORE”londa 23rd Oct. for Bingapore. P, Swet-
Lenhum, Aden.' Havre, London, Hamburg, Hot terdam, Antwerp & Grangemouth.
BRITISH INDIA S.N. CO., LTD.
1850 - A HUNDRED YIA1S OF SERVICE -- 2954
"SANTHIA" dus 14th Sept. mila 18th Sept.
"BANGOLA” dug 20th Sept.
sqlis 1st Oct. "SANGOLA" the 1st Oct. saila 1264, Oct.
from Japan
for Singapore. Penang, Rangoon & Calcutta
from Calcutta for Japan
from Japan
for Singapore, Penang. Rangoon & Calcutta
P. & 0./1. I. JOINT SERVICE
"ITAURA”
due 7th Sept. mails Mi Bept,
doo Suk Boot mila sih Sept.
due 17th Sept. Fails 18th Sept.
from Marschl for Japan
from Japan &“Shanghai. for Singapore, Penan. Tuticoris & Bombay
from_Japán
Colombo,
for Bingapore, Madras, Karaohi, Basrahi Khorramshahr de Kuwait
EASTERN & AUSTRALIAN. S.S. CO., LTD.
"EASTERN" loade 7th Sept. malis 8th Sept.
for, Labuan, Sandakan, Habeul, Brisbane Bydney, Melbourne
“ARAFURA”. ¿us 18th Bedt, from Atistralls
All vessels have Uberty to (81) 11 say ports on ar off the route à the route a sailingʻare subject to change or `amendment, wfii'oż wihòus notier.
For full ourticulars craply to: MACKINNON. MAGKINZIE & CO. OF HONG KONG ITO. Telapitan Nus: 26211
U.S. Line Co.
US. Hubber
Ua. Smelting
US Steel
Warner Bros.
101 Westinghouse Electric
ጊዜ
13
242
2001
West Va. Pulp & Paper Woolworl
United Prom.
half Die.
03
buyers selless
775
TED
771
20314
300
306
FUTURES
Exchange
New York, Sept. 6. Closing rates word: Canada
1.02-3/32
England official
2.78-1/32
2.69-201
105
New Zealand
3.779%
2,704.4
00201
Lead - Beplembor
2428
October
United Prest.
Tio
Zine
September
unoficial
South Africa
Argentina
Chillo
Uruguay
Chase Manhu, Bank
Chrysler Motoçalves Kilmax Molybdentim
Coleste-Palmolive, Co.
Commerce Credit
Commdwakhe Meo; Consolidated
London Foreign
October
September
October Copper September
October:
is
Jan./Mar.
"
per 1b.
9134-92 0296-0234 unquoted
LONDON
BI-92
114-118
7714-74
2796-27%
06 October
20.005 November
United Press.
Decorrior
Oak/Dée.
App/ame
July/Sept.
General mar
elf barla,
September October
Exchange Rates
Piirinmra „was done fctn, the local November
"Creng - thai-Bopt. marker his butto
Estata, eropofitel: Bept. RDAM
excherkare
Exchange
$1.70*
Continental Qu
$3.22
Crang" Co
$7.40
Crown ·Zelleri
$1A9
Duben Albert
London, Sept 0. rules were;
Plumbed AJKAH
$0.00
El Paso National · Gas
Jupiah (per 100)
Eric Railrond......:
ware unchanged
Family Finance
fatted Prest,“
The Amist wort, all United Pro
unchanged
$3.50.14 Chemical
$340,00 Dupont
2.781
*
"TTRIA"
"UMARIA”
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