1956-09-21 — Page 9

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THE CHINA MAIL, FRIDAY, SEPTEMBER 21, 1956.

Page¶

TRADE

SECTION

SHARE PRICES RECOVER New York Cotton PIPELINE

Better Sentiment

After More

Suez News

Hopeful Suez

By A SPECIAL CORRESPONDENT

Share prices on the Hongkong Stock Exchange staged a slight recovery this week as fears of a Sucx flare-up diminished.

The list closed with fourteen gains, fourteen shares steady and one loss on the week which is a Then complete reversal of last week's trend. there were 14 losses, ten shares steady and live higher.

Turnover at $275 multion

about the same un last week's The Mid-Autumn Festival cited. the market for half assay werk.

Brokers port

all

senle selling bv the Chinese hanks seems to have stopped.

With the rasing of rates for

New York witch sterling there is probably less kral des mand fer sterling at the manent mit with American T/T closing yesterday at $8.205 cm the Inwal +4423/2008 12 gula market there much interest at that compara- fively high te

Good Gains Possible

hom

Street

TODAY'S

SHARE PRICES

From Our Correspondent)

1997

Hongkong

$127

th Stekk

Exchange thi »Fakulted tor $285,000. Noon Morning's

200

Jeuding

MİRTEN

DANKM

Sales Buyers Sellers

Els Thank INSUBANCES the Suez

This Wark fee House observers to believe theid given

good news on Conal, good gains nee possible. One broker predicted a prosalile rise of 10 to 20 per cval.

INGA

10033

Uusi

HIPPING

15/k

DOCKS, ETE

4175

15.30 130

4.4775

K Whort Deck

Prov any

for

The Canal situation, however, continues uncertain and I think it is unlikely we shall hear "good" news from quite a long time yet.

Brokers

contimie

Cora

market movements are depen dent on political

Ovents.

This

being so it is unlikely there will be big changes in the next werk.

TO 1390

LAND, STO ICK Hel.. #k Lan! Humphreys tulis

HUBB

الا عمران بار

Trust

has London Stock Exchange

UTILITIES Indecisive Tram and been subducti

which began Yakety York unct New steady, stumped as a result of tight credit later in the work

mutsjoel interest Wheelock dividend

C Light, Kan

(* Light IN 210 12 10

Electi

HK Bank

Docks UK Provident

UK Hotels

A Glance ★

steady steady

* The Share Market At

Aug 23

Aug 29

Sept 6

Sept 13

Sept 20

Up or down

1035

1630b

1040m

1030

alondy

Lombard

45я

42b

臺第九

4Jn

steady

Lelon

1000n

995b

1900b

10008

1010

+-$10

Underwriters

8.80m

8,800

8.89

8.8011

Union W'boat

24.10n

23.70b

21.801

25.60

Wheelocks

8.85

6.35mm

+250

BK Wharf

Ban

8Яn

89b

Rob

steady

41*

141

#14

418/n

«}

13.80b

15.60

13.60

+500

20c

15.10

15.00

15.30

16.30

£300

6734

6514mxd

+$1

201

20%

20x

steady

LAB 24.20 135nxd

1.175m 24.20

1.425m

1.45%

1,450

135

23.40xd 134b

23.40

stendy

steady

130

1350

steady

108m

110

109

107

110

+ $3

23.90

2434

2414

24.20

24.50

21.30m

21.80

21.70b

21.00

21.00.

300

3031

3142

+75c

24,90

25.30

25m

2414

24.80

+30a

362;

SA1

361

+750

15.90

16.20m

15%

15.700

+200

13.00

20.30n

12.70m 29.40n

12.00m

12.45m

12.90

+45c

29.601

29,60%

steady

0,800

6.60b

6.70

0.80%

0.70n

steady

ថ័នរ

5.10%

4.90m

10.00n

10.30n

10.00%

10.80m

10.600

4.15b

4.40n

4.25b

4.40

4.40b

steady steady steady

7,600

7.40m

7.45m

7.30

7.25b

-3c

HK Lands Humphreys 11K Really HK Trams Star Ferry Y'aumatia

Ch Lights (0) Ch Light (n) Electric

HK Telephone G.L. Cement Dairy Farm A.B. Watson Lane Crawford Yancisze

Allied

IK & FE lov

Texille Corp Nanyang

29.00

New York Stock

Market Prices

New York, Sept. 20.

late

Stocks suffered their tenth loss in 11 sessions 2000 today but it was a decline tempered by 101010' rally.

A 127

500 4 15 40 |

11**

472 315%

Industrials, chawn 4,09 In their at mid-session closed with a long of only.59 and rails managed a gain of 0.52 us ce- demtion for the group fied prices a point or more in several Isues,

Bewert

out 13

Inland Stee) Co

at Business Machines

int larvester

WORLD

RUBBER

MARKETS

New York. Sept. 20 The No. 1 Rss rubber futurs contract tochy closed 20 to 50 points higher with sales at 25 contracts.

The rex contract closed

Market Report

New York, Sept. 20.

PLANS HELD UP

Ottawa, Sept. 20. Plans to complete the Cotton futures today developed a smart Prairie leg of the Trans- Canada natural gas pipeline rallying tendency after a hesistant start. this year have been shat- tered by n pipe shortage, Federal closed,

Closing on the day's best levels, final prices were up 12 to 18 points, carrying the October de- livery to a new seasonal high and within three points of the 34 cent line.

Opening prices were up three

the

10 off three points. New Orlean, closed up 11 to 19 points. Covering operations In October delivery, and a scatter- ed trade demand for the December delivery dominated the late trade.

Heavy loan impoundings, and | anticipation of few, if any in- itlul tenders ugal the spol month on Monday, shapeil mac- ket sentiment,

Good Prospects

ଦା'

Mill and other trade buying in the nearbys was presumed to be against expert commitments manufacturer

accumulation of

their rela - futures Lo augment tively small stocks of raw cotton held in manufacturing plants.

Loan impoundings for the week ended September 14 otalled 126,839 bales, the largest The for any week this season, Let stock of 1958 under toar

bousted WES

10 with 301,780 boles

compared 124,266 bales impounded to the same the lust year. In addition, the governme held 8,052,450 bales from the 1935 in gramme,

Open October contraeis today The lotuiled

tiles 102.000 certifented steek emained at 3,340 bales.

Crop

350-

ideal weather conditions per. Ideal milted

srides in opit very harvesting a leading spo; Gray's

3120 weekly crop letter said today. 32501 estimated 38 per cent of the

crop has be

points higher to 10 points lower with saks of 12 cor^racts.

Chop

beca gathered. Top crop prospeels

are considered

sections west Texus and in the Far West,

rst the

frost

added-United

Volume Open interest

2ndden Co

3515

September

Goodyear Tyje,

tydons Chemical Corp.

geruti-Itand

743, 10%

December

45%

good in irrigated

International Nicket

1024

International Paper

117

September

32 23 depending

int Tel & Tel

John-Manville Co Kasar Power & Light Kennecutt Copper Bret Meyers Tou

November

May

14.20 date, the letter 30.20

40%

July

30.00 Press,

13354

Month

00%

it of

Lockheed Aircrati Loews ireurp Lone Star Lement ca

outsville & Nashville B Lowenstein & Sons.... Mesabit Iron Corp.

00h

The standard comtruet closed

Oct.

201

35 points higher with soles of 12

Dec

17,000

585,100

Mar

319,400

contracts.

May

0,300 240,000

July

6,700

124,300

Sopichaiw

32.26

1.BOD

B0,100

December

31 Dec.

March

31.30

Mar

1,700 40,700

000

2,000

40P

Mas พร่

30 00

30.30

National Camo Hos National Dolly Pud

"A"

National Lead

3001

Chrysler was a feature in in- dustrials where prices generally were down a fraction. It ran up point TO PREC JEDNOM KROATI

www bazdest the Kader groups with a toss of mat than three points in Con- timetrial and more than two 1 Royal Dutch

Royal Dutch

470

over

10,000

150

1523 170

2.6323 (4)

109 113

1 t

2403 240

Sakk) 1004 60

There is very little

Company

1453132 100 31

news.

But a

continued

1.:

3 de bor

LON

100 2400 21

2/43 21 1500

•N 2

00 23.00

14:

INDUSTRIALS

Cement

31 3

> 17

Hop

12,91

14MXA

STORKS.

ETC

1 30

130

0 10 10

Watem

110

100K

2013.10 110

Craw

471

* 20

+1 DU 1.300 atu

I understand that it will b announced after the return of the

Chaliman. Mr G E. Mardi

fron Laukiun

und the Hon.

The

ineeting

tox!

Thursday Blaker

The following Sunday

follow ag soon after this as partieable.

This a}\ Me dividend an-

COPTONS nouncemwak (2422 be expected Textiles curly in October and the mette No.

the

of the INVESTMENTS

month.

near

יזיו

Blue Chips Dominant

Blue Chips

have

You

Allist

the been dominant shares of the week. 1

leading the upswing in priete Electrics and

1.11

industrial,

Cement, both made good gains achling 75

eenla

each. Both

Lights, and Telephones put on 30 cents. Trams were stendy at $23.40.

011

In the gilt-edged lines, Dauks truc- after moving up $5, losl tionally and closed stendy the week at $1,630. Unions have gained another $10 sending them to this year's peak of $1,010.

Wheelocks are a

at $8.95 middle.

In the whorf

little belfer

section.

both H

Active

lates The

strong gather cently, tell back realising which follower taws of a stock already 20170 spat witserpated. 10

11 The market, 5000--bare block

SINGAPORE

SHARES IMPROVE

discounted

ht: 13

| Mission Developiwnt Montgomery Ward

Motorola ne

Natural Steel Corp New York Central Clin Mathieson Otis Elevators Owen-nots Class Pacific Gas & Elec.

Pan American Airways Paramount Pictures Parke Davis Co.

Penny . C. Co.

Fenn, Sall Co. Pinip Morris

wild 19, of 14 ut $107, Pieter & Gamble C

ACCONVILL

Pittsburgh Plate Glass slumped Publieker Industries 108, $195 and thm came Pure Dil back to $1064% at the close, uff. Radio Corporation :'' TH't

Hovad Dutch

Was

Hepublic Steel

Reynolds Metal Hayal Dutch

the day's Bell Out Co.

thin anost active issue, topped Saint Reg Paper

by US Steej

Sim dard

Market men sow action father evidence

רון ידי!

Rave-pond-15:

11 Today's Southern Railway (Com

Standard Brands the Standard Oil of Cal

Standard Oll

ket which is largely merking, ine, Wong tulare mevsta a a Fenewed avance else a seid reason to sell in earliest

Standard Oil of N.J

7,300 162,000

and

London Stock Market

salis-

London, Sept. 20. Although business was stall efective. stock markets maintained their recent fa Chy underleme today.

Gill-edged securities were i neglected, with

exception of Wor Lown as per cent which

Olts

authorities

dia-

Less then

the one-fith ot 678-mile prairie line has been laid so far. Indications me that perhaps only half the Alberta to-Winnipeg Hink will be com- pleted before snow begins fall, the authorities salti,

As a result of tho United States

earlier this steel strike

American plpe swimmer.

sup- Informed have pliers

TH Canada Pipe Lines Limited that anal shipments may 1101 made before next February,

Because of prărie Trost, Útile work will be posible or no the

the winter and the during prospects now are that the line £70-3-9.

to Winnipeg may not moved erraticnlly

Royal Dutch fell, pleted before June

1957, China Mal! Special. £1-2-6 โย 183-4 Petroleum and Burmahs elised the day a few pence up or down.

The main lealure in Industrials

As pelate. was Electric industries which fell 1/4 to 68/10%, following the lower half yearly profits, Other

lost Krounci

rose

*}essel trul

act

British

foreign markel In a quiet German bonds was The only feature. Potust 7 per cent was marked down one point, and the 414 per cent Young Lean one- hult lower at £200

rretni

be com- July,

Exchange Rates

Buscas Was siune in the local Anofficial exchange JRAT KEI Thin morning at the following rates;- US dollar (per 81)

0.13

Sterling notes (por £1)

19393

Australian notes iper

12.00

Indonesian rupiah iper (00)

14.03

Siam Ural ther 100)

27.30

Singapore (Straits)

NAMESAKES

Answers: 1 Fools, 2 France, 5 Fable, 4 Fox, 3 Animals, Virtue. art Vietim, 7 Moral,

Vines. 10 Verse,

Gold shares maintained their better Indency clored with small gaine-United Press

Le Fontaine (French poet).

Intra-denier switching opera 71tions and changes of contracts

Tekut

33,000 1,012,000 balen

NEW YORK PRICES

New York, Sept. 20. Prices of cotton futures closed Inlay as follows:

P.O BIE.A

COMPANIES

年

PENINSULAR & ORIENTAL S.N. CO.

PASSENGER/FREICHT SERVICE

Outwards "CARTBAGE”

Leaves London Duo Nongkong

Salled

28th September

Via Southampton, Colombo, Penang & Ringapore,

f.eaves Hongkong

ودة

42minally 33 cents a

SINGAPORE

"CHUSAN” "CANTON"

32.14

30.00

33.00

13.00

33,80-

33.00

flomewards

2.77

32.10

*"CORFU"

32.65

-United Press

SOL

October

25th October

3rd November

12 November

Due London

31 September

2nd

October

29th

October

TO BE

7th

November

10th

November

NEW ORLEANS PRICES

New Orleans, Sept. 20. Prices of collon futures closed today as follows:

"CARTHAGE” "CHUSAN” "CANTON"

Via Singapore, Tenant

ANNOUNCRD LATER

A t'olombo,

Call Bumbay.

FREIGHT SERVICE

from DK.

from U.H. que 2013 Got "SINGAPORE” loads 23ɛd Oct, lat Shiganore. P. Swet. tentiom, lavre, London, Rotterdam,

Grange

"SINGAPORE"dur ist Oct.

34.531

33,96-07

33.09-0

23.90

13.87

"BOMALI"

$2.70

22,731

32.04

United Press.

for physical rubber made

1544 minal market.

옳다

1 May contracts for physical rub-

ber.

changes included December and

most of the activity on the ter

Quistanding ex-

Spot

Oct

Dec.

Mar.

May

July

Oct.

Shipment

offeringa

were

Dec

4322x0

moderate but held at a basis too high for buyer acceptance here. quoted Rss was Spot No, i

Mar

Guts

United Press.

100%

Apot

Ост

401

Singapore. Sept. 20.

Dec

and deser Sinclair

Socony Mubileu

491

Although opening lower but

Mar

South Puerto Rico Sugar

27%

there

Was

Southern National Gas

There

for

no selling pressure. was good trade demand lower gradts

May

July

Oct

but sellerA

2714

4710

were

reserved.

The market

Mar

find.

5415

Sterling Drug Cự Steep Rock

8015

per

204%

October

DIT-

Sudebaker-Packard Corp. Salt & Co,

1911

Nuyenber

1419-913

Oct. DO-81

Texna Co.,

N. 3 rubber per ib. Öet.

003-001

Tide Water Aen. Dit

004-07

Oct/Nov.

Twealy Century Fox Fim

2415

Sput rubber unbales

91-9134

Dec/Jan.

Union Carbide .......

11336

Blanket creve

74-30

Mar/Apr.

Vaien Pacific Railway

No.

118-120

pale crepe

May/June

United Aircraft. US. Fail "D**

7214

United Pres

រ

July/Aug.

34.77-60

Now contract

LONDON

Oct/Nov.

3.20

24.(1)

47%

Mar. Apr.

21.75-53

0415

24.80

July/Aug

24 CO

20%

with spo: quoted at 28's pence

Egyptian Karnak

per ib. Prices:

Nov/Dec.

10.00

μα 1 είναι αρ

20-201

- Unied Press,

45%

Sttlement home term:

United Press.

20-28124

Nov

2794-2730

Dec

2746-274

Oct./Dec.

274-2776

Cotton

Jan./Mat.

Apr./June

July/Sept.

2545-2545

2573-20 follows:

251%-20% cruzeiros

Die.

Sepl.

2674-27

Oct.

Xov.

204-207 20%-20%

Mar.

May

July

Halste crepe th Oct.

ttrick

United Press.

Turnover totalled 2.150,000 states, compared with 2,040,000 Sestertiny.

Exchange

720,000

Singapore, Sept. 20. The strong feature of the Singapore share market to-

New York Slock Exchange day was the continued firm- ness of industrial shares bond volume was $4,050,000.

Ainerican Stock aided by the better senti- 'ment resulting from the volume was "decisive action" taken by Veded Press Docks and Providents are trac-Singapore's Chief Minister tionally better end Wharves are Blendy after last week's rise. Yaumati rose $3 to $110. Industrials were better under the influence of Blue Chips.

The all of the panel-Invest-

cottons ment companies and was largely steady, while rubber shares have sold at virtually un- changed rates.

Diary Of The Week

Monday:

Closing Prices

eje. **subversive against ments," the market corres- pondent of the Straits Times, Alden Inc. Acy. newspaper reported.

Allied Chemicals All Chaltwers American Altline American Cable & Radlu Cop

American Can American Cyanamide Am. Mach. &F dry, American Metal American Smelling

"Since the market took fresh heart following the resignation of Mr David Marshall (former Chief Minister) some industrial counters have added len per cent anxi more to their market | Ainerican fel & Tel value and it will be regrettable American Tob. "" If any general unrest should now arise to spell this movement," the correspondent wrote.

Here is a diary of the week: Friday:

No material change. "Business generally has more T/O: $749,000. confidence in the Labour front Sentiment better government now thon at any with prices show previous ime since it look office ing a slightly firmerin April fort year which was ac tendency. T/D: companied by a slashing in snare values," the correspondent said. $050,000. Dull and feature- (The Labour Front is Tess, T/O: $417,000. main party, in the present coalition Kovern- Prices well main Singapore

Tuesday:

Thursday:

tained and ament).Reuter.

fow fractional gains. Quiet. T/O: $650,000.

New York Foreign

Cangda

Exchange

New York, Sept. 20. Closing rates were:

$1.09-27/93

30-83/52

Engind often

3-day futures..

futures

Amar & Fare, lower

Anaconda Copper Armco Steel

Armour

ALING LOTS, Mining

Holtwin-Lima-Flom.

Hallimore & Oilo Bendix Aviation Corp. Benquet Cons.

Bethlehan Steel

11ooing Airplane

9 18

US. Gypsum

US. Line Co.

1.9, Rubber US. Smelting 10.S. Steel

Warner Bros.

Westinghouse Electric West Va. Pulp & Paper Woolworth

Not Sell-Out

By Britain

Port of Spain Sept. 20.

The "Trinidad Guardian"

tucked slightly in the afternoon

op some short covering. Futures: No. 1 Abor

Nubber per b

No. 4 rubber ver b. Oct.

London. Sept. 20,

The rubber market was easy

General markets, cl basis, ports:

stated in an Editorial here that New York Sugar

the proposal for a deal between the Coloradu Oil and Gas Cor-

40% poration

and the Trinidad

Petroleum Development Com-

Market

New York, Sept, 20. World No. 4 sugar futures

It would involve TPD share closed today unchanged to 1

163

Pany was for an amalgamation.

8545

Borden (The) Co.

Burroughs Add Machine

the

Canadian Pacific R.

Case (3. 1.) Co.

Cat, Tractor

Cetanose Corp.

London Foreign Exchange

London, Sept. 28,

2.71 8/10-2.709 227112.75

10.03% 10.417 13025-139.30 19.333-1924

Closing rries, ware: New York Turi Amsterdamn

nhun

14-1761-1742...

1441-14713 XL1014-15119 unchanged United

C. I. T. Financial Corp. Chase Manhat. Bank Chrysler Motors... Cmax Molybdenum Colgate-Palmolive Co Commercial Credit Comitionwealth Eloc. Consolidated Edison Continental Oil of Del,

Crane leibach Crown Cuban Amar Pugar DJATHIMI Alkali, Co. Dow Chemienia z Dupost do Namcuits Kastman Kodak '............. El Path Natjohal,Qar

Family Fimner (SOEP, Ford Motta R Goheral Besitle

Cleneral MintOEN Gen., Par, VEL, Gesty Oul

4% holders exchanging their shares is for shares in Colorado, it suld,

It would not involvu a sell-out: of British oil. Intereals.

411

73??

The newspaper added that 72 Colorado hot accepted the sale- 497 guards which, the British Gov- 404 ernment Jaid down in the recerit

4710

4 Texas Oll Company's take-over

11s

of the Trinidad'Oil Company...

四

-If the deal went through, said.

the paper, dividends would be

paid in US dollars, A

NO COMMENT

* London Supt.

cosman of the Trinkkid

•Deyslopment 'Cand-

that, the Com❤.

Krant toʻmake.

point higher with no zales re- ported.

Domestic No. 0 sugár futures closed unchanged to 2 points lower with sales of 9f contracts, Futures:

Contract No. 4 (world) |

Del.

Mar

May

July

Sept.

Epol-(conia per lb fob

Cube)

Open Thiereu i,aji soniracia,

mirset Na, e

320

RERER

LIVERPOOL PRICES

Liverpool, Sept. 30 Cotion future closings,

pence per lb, were as follows: Old contine!

Dec./Jan.

May/June

Antwerp

Hamburg.

Bouth

Jur 10th Now. "SURAT"

AND HOMEWARDN ALL VEHBEL QU' FARDS

VIA PROCEED TO NAVE LIBERTY CANAL, CAPE of 60OD HOPE OR PANAMA CANAL AT OWNERS OPTION.

from U.K.

AVEZ

24.02

24.70-20

24.80

24.00

SAO PAULO PRICES

Sao Paulo, Sept. 20.

future closinge, in kilo were AS per

30.00

36.00

་

39.30

32.30

In the US. the average spot

price was 39,00 cents. totalled 60,580 balc», — United Press.

BRITISH INDIA S.N. CO., LTD. LESS - A HUNDRED YEARS OF SERVICE – ENSU

from Calcutta "SANGOLA" due 30th Sept

sais Jet Ocì.

"INCHSTAFFA"dve

for Japan

0th Oct. salia 8th Oct.for Singapore, Penang,

Rangoon & Calcutta

for Singapore, Penang Rangoon, Chittagong Calcutta

"WARORA" da

Bib Det salis 10th Oct.

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

"UMARIA"

Saica

"OZARDA"

"URLANA"

Oil Stocks

Decline

Washington, Sept. 20, Stocks of domestic and foreign crude oil in the week ended September 8 totalled 273.403,000 barrels, compared with 278,720,- 000 in the game perica last year, according to the US Bureau of Mines.

Domestic slocks dropped by 4,304,000 to 260,994,000 barrels and foreim alocks were down by 101,000 to 14,471,000 barrels Tho lesling, srediting sintes des California all recorded declines, 5.44.ca origin, including

heavy was down, 1,430,000

085 360

Mota. per 1s, OLE NY

173.000 bartels;

14 120 230,000, Lcuialana

cd Oklahoma. down by 16-17,001,000 End" Okkluma down by 80,000 to 20,002,000 barrels, China Mall Special,

dor 2tzt Bept.

Alin 22nd Sept.

from Japa

for Singapore

Madras.

chl.

Colombo,

Basrah, Khorramshahr ä

Kuwait

due 22nd Sept. from Karachi & Bombay sails 24th Sept. for Japan

Ano 2901 Sept. walls in Oct.

from Japan

Bhaunsgar.

for Singapore, Bombay, Karachi, Daerah, Khorramshahr & Kuwalt

EASTERN & AUSTRALIAN 5.5. CO., LTD. -"ARAFURA” loads Bil; Oct:

1851 9th Oct.

"NELLORE" due 11th Oct.

tor Sandakan Rabaul, Brisbane, Bydney, Male bourne & Adsiaída from Asstralia

All vessófa hure liberty to rail át agy Horta on- of off the route & the route de antling usó mhjort to change or amendment with or without notice,

For full particulars apply to: MACKINNON. MACKENZIE & CO. OT HONG KONG LID. Telephone Nov 21121-4.

1956-09-21 — Page 9

Comments

Private Research Note