1956-09-14 — Page 9

TRADE

THE CHINA MAIL, FRIDAY, SEPTEMBER 14, 1956.

ame!

Pare

COMMERCE SECTION

HONGKONG STOCK

THE CANAL CRISIS AND ICE HOUSE STREET

By A SPECIAL

CORRESPONDENT

WORKED out last night Nusser's

I WORKED Out

about!

beon reduced by $45.7 million. That may sound a lot. But during the big Ave-month credit squeeze slump last year the market value of these stocks felf by just times that about four

$180 amount about million.

seizure of the Suez Canal has deme to the Hong- kong Stock Exchange in the last six weeks-the market value of issues' The listed in this columu has

New

LOSS: $45 MILLION

crisis has affected your shares since July 26, the clay before Nasser seized the Canal.

£1

"fractional" and Ice House Street men any the accumulated losses could be made up in one week! given good news. Short of a major crisis rises are expected as the year's end and the final dividend season approach.

Over week those falls would be alarming. Over six weeks they are in Stock Exchange jargon, shows you how the Canal

accompanying

box

York Cotton Futures

On Defensive

New York, Sept. 13. Cotton futures today opened lower and mained on the defensive for the rest of the session.

Clasu.g arcato t lowed the list the wed from al 12 b. 25 point-

Nak

1 ra

231 20

1h

11 TEK

that

CLEM

1,2)

POD

19 100

WELL

3

10

NA

14 HORS

NEW YORK

Cleary (desert 2 do 90 probl

A xamdual flow of hetge zel Ing, plus technical readeag local

and

How The Suez Canal

Crisis Has

Has Affected

The Stock Exchange

1300 balen

Poems of futures closed today

follows

HK Dock

Provideni HK Hotels

K Lands Humphreys HK Realty HR Trams HK Trams

Star Bere

0.79

215

Yields have risen sharply į

with the recent decline in prices making many shares attractive, Buying has been restrained for severni weeks and pent- BP demand is likely to

itself show

with the clouds clearing of the over Suez.

Sir Anthony Eden's prise packet"

EXCHANGE PRICES

speech In the House of Commous on Wednesday -the Canal Users AaYO- clation-cheered a lot of Business done on the Hong-

Stock Exchange thd men In brokers' offices kong yesterday. The hope is morning amounted to approxim- ately $330,000, Noon quotations firm policy is and the morning's transactions:

A

that *pursued. ternational ment" may yet win the

*

If it is

manage-

in-

Skaren

DANKS

Kumk

day-this is the city's

"Bur-

feeling. - in his

NY Rubber Market

Concerned

Over Suez Crisis

New York, Sept. 13.

The No. 1 Rss rubber futures contract today closed 60 to 75 points higher with sales of 74 con- tracts.

Commission house buying and local covering on the terinina!!

reflected deepening con

Suez over the trend in

However, most developments.

market

of the trade was represented in intra-dealer switching

Exchanges

opera included rex

Now/Jan. at 40 points; rex Nov-

(July 20)

HIK Bank

1670xd

Yesterday

1030

Up or down -340

re-

Lombard

ጴንጠ

43n

Unlo

995

10000

-$4 +35

Underwriters

6.85€

8.80n

150

Union W'bout

23.006

23.801

+200

Wheelocks

$.30

IK Whart

0344

$1

42b

41

14.70

13.00

-81.10

cer

15.80

15

-80c

but

6014

20.3011

-$214

20%

-300

1.523

1.458

tions.

34301

2A

U

23.40*

steady

074

Blar Ferry

10%

142

136

-$23

May

Der

33 07-60

114

107

Tichinelane preot dei til prae bave scored

-$7

Mu

73 74-72

...

baladite

MAY

33 07-00

Ch Lights (0)

25

24.20

July

33 34

Ch Lights (0)

$4.40

33 (

Elratzie

32

I h

32 60

30*1

---$1.75

ponders !

th prosiliolity

M

12 08

HK Telephona

25.80

2414

-1.30

Incremed

the

Event

prite marke 1.L

fug !! Termnavel marketings obviously propen dat de

37

303

-$1

3034

NEW ORLEANS

16.70

a

1977

-$1.20

32% cents.

12.70

12.45m

-2Bc

Shipment

20140

20.00m

sleady

7.050

0,80%

-250

the

5,40%

0.10%

-30c

11.40%

10.60n

-150

4.05

7.70%

4.40 7.30

Timu nderings taryers more conservati

of some 8 to 15 dollars ar bate from the lows of late July, thes

would bang

Inertise in hedge luu. l}

reasoned

Effvet of the heavy loan ans poundings. plus 4 xpanding efforts, smaller clop prospects. and expected impiet of the soil bank of next year's production, may have

been discounted ft.t the present, recent buyers felt.

I cours entries for the week endel Sept. 7 totalled 200,126 bales, up 75.433 bales from the preeeding week and almost three i times the 72,055 Dilex im-j pounded to the same thote last In addition, the Govern- year, iment belt 0,053,191 tales from the 1955 loan progiszme

Nearby Gelober beld relative- ly steady under the 334 cent Jevel

Same spot houe buying. coinakled

with dip of 418 busty in the certificated clock In 3,506 bales The Delber ins terest today totalles 101,241) butor First The that slay for October will will be Sept 24.

Vesliter

Den hetent

ADD TO

Mouth

Ckt

Dec

Mar

12 ke

372 M TO B

Pew of futures cloned today 4. follows

Spri

2 31 - -

Mar

Ary

July

Cit

Dee

M

LIVERPOOL

BBEZRCHER

932823836

32 07

Future closings, in p?IKO JAP

dh were as follows <- 201

De

Dee Ja

Mat (Apr

May/June July/Aug NI Vytaut

Chat/Now Bee Jan Mar/Apr May/June July Aug

Egyolan Karnak Nov Dee

24 B5

23 83

24 #13

G.1. Cement

Dairy Farm

A.S. Watso

A.B.

Lane Crawford

Yangiare

Allied

HK & FE Inv

Textile Corp Nanyang

21.60

These shares are ex-dividend.

-800

-25

-100

SHARES LOWER

ON THE WEEK

at 100 points and Morch

standard against March rex al

10 points.

In addition,

dealer rolling

was reported to

be laying off of hedges against purchases of shipment rubber. Spot No 1 Rss was quoted at

sales included

offerings

number sheels, Sept. shipment

were

modernte, with some moving at Reported higher prices.

one at 32 freight; Sept. ones 31 cents, cost and freight; one thin crepe Sept-Oct, at 414

cents;

cente.

cost and

Closing prices were:

Bepi.

Dec.

33,00

33.60

The rex contract clored 40 to

80 points higher with sales of 121 contracts, Prices:

33,85

London Stocks

Closed Firm

London, Sept. 13. Stocks dawdled in quiet

dealings but

managed a

Fos1 Asi

Buyers Sellers

INSURANCES Union

SHOPPING Asla Nn Wheelock

DOCKS, ETC. K. Wharf Dock

Prov

101

LAND, ETY MK Hotel IIK Lend XD Humphrey

RUBBER Amalg

Trai

UTILITIES

una

1420 1055 1 1024

240

1000

1 201

0.05

11 3025

New York Sugar Market

New York, Sept. 13.

World No. 4 Augar futures

closed

foxiny

point higher

contracts.

ona unchanged with anics of 83

Domestle Nu. 6 sugar futures closed 1 poln lower to 1 point

[ag o 6.70 higher with

148 con-

2000 ** 1.28 4400 40 B75

iracts.

Future developed more acti- Traders tookt n

today an

more serious

40} $17 13

1,300 m 405,

200 13.00

vity

1490 35 3

04' 012

300 13

20

1,45

1.80

1.00

1001

Tram XD 23.20 73.30. 1000 @ 23.30 Star Ferry

134 130

100 208

C. Light (0) 24.10 24.34 40

Lizlet (N: 2144 3117

Eleme

301

view of the Sucz

situation, futures,

Contract No. 4 (world)

Oct.

Mar.

May

July

Sept.

Spol-Icents

per lb. fob

Cuba)

3.24

24.10 |

Contract No. 6

. 1000

24.20

Nov.

6.67

Mar.

5,41

300 # 30

Bany

200+30 75

July

710 30.50

Bept.

0.04

Nov.

6.84

Spolenta per lb. cu NY

rx-duty

0.04

United PrOBY

INDUSTRIALS

Cament

Ropo

30% A2,70

37

dit v M', }

i

STORES, ETC. Dairy

»

Telephone

Wa'sunt Kwond S

COTTONS

Texülen

Nanyang

101 24 30 24 70 (N) 21000 21 jo

12.2012 0

G

NAMESAKES

Answers-1 Divine, 2 Bardi,

3 Inferno, 4 Portinari. Comedy, 6 Stanza, 7 Sublime, 6 73 1000n 2.30 Writing, 9 Virgil, 10 Heaven, 11 Pootic. 12 Epic, 13 Beatrice, 14 Italy.

2000 m 1.20

Dante Alighieri,

INVESTMENTS

4.30

generally firm appearance Ailled at the close of the London Traders Exchange today. tended to wait for further developments in the cloud- ed Suez Canal situation.

after an

Oils pushed ahead uncertain

forenoon but gains were small. Shell and Burmah Royal were firm spols, while Dutch Anished with a net gain Canadian Eagle of about %. added a few pence.

INDUSTRIALS MIXED

Industrials

generally

POBIE

COMPANIES

PENINSULAR & ORIENTAL 5.N. CO.

PASSENGER/FREIGHT SERVICE

Sept.

Nov.

33.00

were

Jan.

12,50

Миг

31.00

mixed

MAY

31.00

July

3000

Sept.

J0.20

Standard contract clored 50 to

Rolls- at the close. koyce added Bizout a shilling. Declines of a few pence cume and Electrics in Associated Unilever. Shipping issues were strong at limen,

Outwarge

32.00

32.00

31,70

31.30

30.40

29.50

British Government bone!a opened easier. Then firmed and managed gains running to about £3/16 in War Loon.

After keeping reasonably steady this week, points higher with sales of 750 share prices dipped slightly towards the close of business yesterday with a slight increase in selling pressure by Chinese banks.

SAO PAULO

Futur Closings in enviro per kilo vere as follows

Detaret

1-1 (10)

17

38 40

37 NA

Deremb Men MELY July

averoge

In The US the xx pater WAS 33 04 OPTIES. Sair fotolia 8.034 bales United Press.

were

five

22 contracts,

Bept. Dec.

Mar.

May

July

Sepil

SINGAPORE

****

Gold shares were quiet. Cop-1

stcndter p- managed a There was moderately good pearance after several bad days trade interer today but at higher touched off by labour troubles in levels there was profit-taking by the Rhodesian Copper Bell. holders.

Closings were:

This again resulted in a pro. One said yesterday he believed small losses on most of the Japanese shipping nderance of Be week-firteen @guinst 12, loan money had beren returned Jitk vo | last week The number of about $30 mifllon-though, shares steady was again high apart from the taking up of the ten compared with fourteen last Textiles issue, it is not known werk. There

what new commitments the gainers compared with three

company has undertaken-how- Last week.

ever, there are high hopes of Turnover was slightly lower

good dividend announcement.

**** | No 2 mabber per Ib Sept failing below the $3 milion

in the whort section, Hang- No. mark to $2.85 million Brokers kung Wharves have been making Not report that most of the parents' wetter progress and closed at Spet rubber unbaled

small-the lack of

$01 up $2 on the week. Both Blanket præpe ony real selling pressure has Docks and Providents are down None crepe

"A STITCH IN TIME”.

means

NOW IS THE TIME

to open a

6%

Minimum Deposts £100

DEPOSIT ACCOUNT

with

LOMBARD BANKING SPECIALISTS in Finance for Moder 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: Maximum Productivity

2. Full Employment

3. National Prosperity and Higher

Standards of Living

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

LOMBARD BANKING

LIMITED PANKEng

Hisa Offee:

LOMBARD HOUSE, CURZON STRERT,

PARK LANE, LONDON, W.;

GRO TIL, LIH BANK). Bruschet and Karna throughout the Frorid.

sold

were

, therefore buoyed the market up Mightly

considerably.

the Blue Chip_section. Star

fo $136.

Trams

me

up

$2

New York Uncertain/Ferry are down $2,

Dellar stocks were mixed, No 1 rubber per 1b Sep! 932A-93% with lowes slightly outnumber-

Oct. 03-934

ng the gains-United Press. unqueled

01-02 80-031

Nov

(11-00

-931

74-76

117-129

London Foreign

Exchange

London, Sept. 13.

Closing rates were:

LONDON

The market was very steady with spot quoted at 20% pinev per lb. Prices:

New York

are

No. 1 H mut

Montreal

Settlement house term

Amsterdum

Niv

29-20 *G-2944

Alan

Stockholm

Dec

Oct/Dec

2725-274,

Zurich

are steady, but China Lights, I doubt whether activity in Elcetries and Telephones American T/T on the local gold ; are all lower. market or overseus shure move-

the jo

Prices inclined to case fractionally:

$399,000.

Here is a diary of the week: ments have had any effect upon Friday: Little change. T/0:

T/T Jocal stock exchange.

$410,000, moved up slightly early in the Monday: week

then slid down and again, while the London Stock Exchange

been has

erratic closing steady following the Prime Minister's speech 3311

Wednesday, New York has also

Tuesday:

Joes/Mar

T/Q: Slight improvement in volume, Prices Nov

100

-29**

2 704-2.78 5/16

2714-271.10/10

20-267

Paris

10.11-16.03), 1740-2741

101-8

14.30-14.394. 12.18-12 34T.

26-201 Others were unchanged.

New York exchange rates tmavailable, - United

20%-20% unqucted were

Apr/June

July/Sept.

| General iparkets, cif basis, DOTIS;

Sept.

2731-272%

Press

2794-2344

to harden Extate crepe thin Oct. $828,000.

2714-2715 3615

neo-

inclined T/O:

| Wednesday: Business on

Iricted scale. Price movements

moved uncertainly.

The market began the week

and on Monday prices | slack were inclined to ease slightly. On

there Tuesday hardening tendency, surprising- Thursday:

when the papers were full of apprehension over

Whe

A

the

failure of the Menzies mission to

On Wednesday,

the

Cairo. market held steady and yester- day morning showed signs of fluctuating.

In came the Chinese banks In the late afternoon and prices cased on a fairly wide front.

Unions Firm

The market movements are difficult to predict in the im mediate future - I suppose the or otherwise of the BLLCCCSS Canal Users Amociation will be Brokers an important factor.

scem quito optimertainly yes-

Danks moved

terday,

beginning at $1830, rising $10 then sipping to $1620 and finally closing at $1080. Uniona aro firm with buyers offering $1,000 still with no takers,

Mardan Mr G; E..

thick unquoted AMSTERDAM

The market was steady today. few Prices closed today in guilders and small. T/O: | pir kålegram, elf, Oct. as follows: $600,000.

No. 1 rubber Prices tend Lo No. 1 rubber

No, a rubber Casc fractionally. No. 1 trape T/O: $823,000,

995h

8.800

23.706

Exchange Rates

•

•

"CORFU" "CARTHAGE"

"CHUBAN"

"CANTON"

Leaves London Due Hongkon

Salted

17th September 12th September 18th October 28th September 27th October 10th October 17th November

Via Senthampton, Port Said, Aden, Bothbay, Colombo, Penang & Singapore,

Leaves Hongkong Aus t.obdop 21st September 22nd October

Homewardi "CORFU" "CARTHAGE" Ith October "CHUSAN" "CANTON"

VIA Singapore.

31rt October

16th November

10th November

21:0 November 47th December

Penang, Colombe, Bombay,

Port Said & 1.ondon.

FREIGHT SERVICE

"BOUDAN" due 18th Sept from U.K.

"SINGAPORE"due 30th Sept. from UK.

"SOMALI" due 10th Oct.

from U.K.

ACID,

*SINGAPORE”lands Mard Oct. far Singapore, P. Bwel

"SURAT"

due 27th Oe!

Janham, Aden, Havre London, Hamburg, Rot- terdam, Antwerp & Grangemouth

from U.K.

་

BRITISH INDIA S.N. CO., LTD.

2850 - A AUNDRED YEARS OF SERVICE – 1959

“ΒΑΝΤΙΠΑ

from Japan

for Bingapore, Fabong,

Rangoon & Calcutta

from Calcutta

тата Јарко

for Singapore. Penang,

Rangoon & Calcutta

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

"UMARIA"

due 20th Sept. wils Zift dept.

dne 28th Sept, sallı 1st Oct.

from Japan

for Bingapore, Madred. Colombo, Karachi, Birah, Khorramhåär & Kuwai

from JepaKT.

for Bingapore, Bombay, Bhounegar,

Karacal, Boara, Khorramohatar de Kirwalt

EASTERN & AUSTRALIAN 5.5. CO., LTD.

“ARAFURA” dus. 18th Sept., from Australia!

“NELLORE” due 11th Oct.

for Bandakan Raboul, Brisbane, Sydney, Mel. bourne & Adelaide from Australia

·All Vesels have shorty to call nå any porte on >er off the route & the route à enlling ara mahjeet to change as amandmani, with 'ar wichent, metios,

to full aunt, alors apply to

duo 10th Sept. all 17th Sept.

Busines

was done In the tocal unometal exchange market morning at the following rates:- U.S. dollar (per 511

thin

0.14

2.68 buyers

2.63 buyers

2.69 buyers

2.30 buyers

-United Prem,

Sterling holes (per £11. Australian notes (per £1 Indonesian rupiah (per 100) Sam tical (per 100) Singapore (Strait)

10.70

"BANGOLA" due 30th Sept.

sails 1st Oct. "BANGOLA” de 21st Oct. sati 22nd Oct.

for Zepad

★ The

Share

Market At

A Glance ★

Up or

Aur 10

1040

Aug 23 1686

Aug 29 Sept 6 1430b

1640m

Sept 13

down

"URLANA"

1430

-$10

46#

458

42b

430

+31

985

8.80n

1000n

8.sen

1000b

10006

steady

8.800

8.80n

-steady

23446

24.10n

23.70b

23.80n

+100

8.90

8.55

8.85

8.85

8.70

+$2

4132

4144

-256

14.10

14m

13.80b

19.00

200

18.30

18.10

15.80

18.30

16

300

“ARÁFURA” #alia 9th Oct,

9734

8734

.

0034

20

300

20

200

20%

ady

1.475

1.45

"

24.10

24.20

24.20

110

1280xd

135

*125m 21.40xd

·134b

1,45% 23.40

111

199m

110

109

24.20

2444

249

300

1170b

21.00

-100

1134

10

25.20

3894

10.00

9091

10.30m

1

12.60m

29.10n

29.60%

1.70b

емь

4.70

GNDA

5.10.

5.10

10.60n

14.6km

10.00

16.0

4.35

||-150

IIK Banks Lombard Union Underwriters Union Wboat Whoclocks HR Whart HK Dock Provident HK Hotels HK Lands Humphreys UK Restly HIK TYR Biar Ferry

Have

Ch Lights (0) heard several

Ch Lante (n)* grillclams of the delay in the

A "Electria ́· Wheelock's meeting which the Tim Telaphone Chairman last year, announced dl. Cement "would ba held earlier this

* ·Dairy Farm

Watson your

from the United

Crawford Lang Kingdom inter this

month and that the meeting is to be held

Allied in October NYALE A

HK.A: BE Inv There is talk that, the

Textile Corp dividend, might be ingunged before he returns "And broker, I know are buillah..

Nangang

the

ཉ

188 107

24.20

OF HONG KONG Telephone ha

.