1956-09-28 — Page 9

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TRADE

THE CHINA MAIL, FRIDAY, SEPTEMBER 28, 1956.

and

COMMERCE SECTION

SHARE PRICES MOVE UP AGAIN New York Cotton

Suez Dispute Still A Restraining Influence

THREE DIVIDENDS

By A SPECIAL CORRESPONDENT

Hongkong

Stock

The

Exchange registered another small gain this week when share prices rose under the impetus of a slight improvement in the Suez Canal situation and some

HK Bayks

Lombar

Provident

HK Hotels

JFK Lands

Humphreys A Realty

A Glance ★

Sept 27 1090

42/46 1005m

8,4011

Up or

TODAY'S

SHARE PRICES

(From Our Correspondent)

Business don" on the Hong- keng Stock Exchange lily marning lummel to ap-

$125,000. proximately

Noon quotations X the morning's <rareactions

Hairs

Futures Trading Range Over $1 Bale

New York, Sept. 27.

Cotton futures today see-sawed indecisively over a range of $1 a bale, responding to small orders either way while traders awaited new in- centives.

At the close prices ruled up. I to OT 1 point, The market opened up 3 to off 1 point. New Orleans closed up 2 to off 4 pointa

Wate

Crop news. texte market developments, beavy loan Im- poundings and export develop- ments

dis- apparently 901 1930 | counted for the time being,

Meantime, evening-up opern- tratam Reatured in the October Geliveries while mill arzi paters uk

bought nearbya, suge

Oet

Bee

Mar

30.03

NEW ORLEANR Priers of futures closed today De follow-

33.29

תכה

* The Share Market At

Aug 29

1670h

Sept G 1610m

450

Sept 13 1630

4Sta

Sept 20 1430

480

down

steady

Untou

Bouw

1000b

1000h

1010

Underwrtiers

8.801

8.80n

B.80m

8.800

steady

Union Wheat

23.70b

28.50n

22.80

23.60b

200

Wheelooks

8.85

6.84

8,70

8.95m

3.15

+200

HIK Wharf

Bob

UK Docks

4134

41b

435

+$%

13.80b

12,00

13.80

13.90b

+100

14.60

18.30

15.30

15.40b

+100

6714

UB!

0514mxd

201

20m

201

steady

1.475m

1.428m

1.45%

1.45m

1.45

steady

НК Ттели

24.30

23.40xd

23.40

23.70m

Mar Ferry

135

124b

136

1350

100

+30c

Społ

Del

Yaumatis

110

109

107

130

111

5дакся

Buyers Sellers

Den

14.00

Ch Lights (0)

2414

242

24.20

34.58

24.80

300

BANKS

Alar.

Ch Lights (1) Electric

21.80

21.706

21.00

21.90

22.10

3144

103

303.

3116

+300 T --25+

HK Back

1823

Mus

34.00

INSURANCES

Juis

13.81

1000 1010

ናእ

31.14

26.30

23m

$$.80

24.00

1700

3,11

SZUPPING

Mar

3300

361

30o¡

Wheelnek

H V.20

1000

1.09 1

LIVERPOOL

Duity Farm

16.20m

15%

15.301

10.20

DOCKS, ETC.

A.B. Watson

12.70mi

12.80m

12.45m

12.00

13,90

+31

K. Whort

SKS

Future closings, in pence per

Dock

Lane Crawford

20.40n

29.60%

20,00%

steady

Proyndicat

Your Laze

6.600

6.80%

0.70n

0.80m

+100

LAND, ETC.

Ailted

HK & FE luv

10.00n

5.10% 10,00%

5.10%

4.90m

+100

HK Hotel

13.80

1,140

100. 14

old contract

Oct/Nov.

24.00

Textile Corp Nanyang

4.400 7.40mm

4.200

10.00m

4.40

10.Gon

10.50%

sleady

1K and

Humplireys

4.40b

4.00

+100

7.45%

7.30

7.251

7.40

+150

1.4745 1,0011

100

seiling.

buying

The

declines

Dec/Jan.

30.03

Mar/Apr.

24.10

May/June

14.30

July/Au

$4.75

New contract

Oct/Nov

25.10

Tram.....

23.00 23.00

400 23.80

its tecliness be- Her weaknes

Stor Ferry Youmati

151

<if

114

300

Producer lear Petri- track

rate. to rise at a tankt Impoundings for the week sudd Sept. 21 reached 156,027 ba

Dec/Jan

20.00

Mar/Apr

24.00

24.75

July/Aug.

224.62

24 24 201

Nov. Dec.

30.30

314 31

(0) 24.70 (N) 2300 24 20

Taron, and represented i of 21,377 bole

SAO PAULO

Over the

'Future closings, in cruzeiros

360 23.00 coding week.

per kilo were as follows:

Oct

36.10

3414

1803 1 57

Dec.

37.45

30013 20

Prices of futures closed today he follows:

Mar

20.45

May

39.23

,,,,,

14.03

July

29,70

Out

30.03

In the US the average price

Ds.

34.00

for spots was 38.10 centă. Sales

Mar

24,12

Mur

340

Totalled

05,999 bes. ---United

Jacks

33 72

Prers.

good company news. Turnover was up from $2.75 million in the previous week (less

the half-day il to $4.348 million which

Mkl-Autumn Festival)

was the highest turnover for five weeks,

for

Prices generally eloved below maintained Their best levels and yesterdayda | conce market was full god uncertala teng Chann banks think

stupes the maid ma be deviled Deepote this, arventern

stevnty The observer cocalled that the last time the pound WIN de- values, market values rear by abeut 10 per cent.

were higher, nicht were ant only four tower, The tally last week was 14 op. 14 steady

ral one down

'Cautious Attitude'

Despie u allglt unprnvement In the Caand nuation, the dis phate still Talk for 2441

restrionirus influence on invest

netil.

A leading broker Wh vides me with a weekly mandy said · Suez contlarim overdidow the Parket

(***

Chinese

not doubt that banky, have been discusing the psbody of devaluations, boat 1

tank the cAM SP Bust

milikely because there has been nothing j from London in suggest such

dansILE

The policy of the present Beitia Government, po- lum ber to support sterling भः । sunt- Levy deracion int it has flugged for by feping a tight rein on the netbank rate

the beenuse of *

WIN ; on February this year, when

conarquently a cautious affludes te wend

is being maintained,

Signs of a slight tusprave

crisis

ment in sentiment at the begin. It was pushed up one per mat

ning of the week enused priets

to 5 per cent.

Local

observert believe the

harden fractionally in most i ve“lltnis but this movement Brita-h Granumeri will take i Jacked any real follow through {imla, action ngain a necessary, ! and only a few counters have but they

funde conn

continued headway However

the undertone re-

malis fairly steady."

There have been some good features; the Dairy Farm 521%. rent interlin (unebanged?

conmadder,

Je probantile,

devaltario. i

HK Telephone (1.1. Cemeni

Union Insurance Society Dividend

The Direstora of the Union Insurance Rociety of Canton, L., have drelated an interim dividend of El per share on account of ihr year 1956. payable November 29.

UTI

WORLD

RUBBER

MARKETS

New York, Sept 27 The No 1 1. rubber tulur contruct closed today 27 to 10 pants higher with sale at 21

Portrets

London elund this week over- shadowed by the Surzz news, 20 New York his hea eziatic m eloed with further, loos

Closing prices. Looking ap-

quickly at the

Heptember Banks

holding the br posed to picase the market and market.

Unions The tex Farms closed 50 cents higher Estendy at $1,030 while Watsons

clasel $1 hugher Al Fave lost $13,90 [10 Unin below se work's

on reporu better results. Its financial year ends next months.

zak)

Yaumati Interim

Wheelock

3914 yesterday,

uitlation.

Leuattinet ekwed 15

seinta bugbet

small-scale, contracta

Blue Chips Gain

Investment companies reflect Better tone by U market. with both Allied and Yong taze fraction rily better after

Martien

PONO best closet).

weeks of steadiness

several

November

Maren

May

July

Reptember

Novetubet

Joint Nam

December

March

May

with

20.60% 6.70

+10

Steady

+500

Valon

Lombard

Wall Street Fails

To Keep

Brief Rally Going

New York, Sept. 27.

en-

The market made another stab at recovery today but it just couldn't generate enough thusiasm to keep a rally going.

The

vohrday

los.

Jou gong

Erie Railroadi

Family Finance Corp.

arili gala-the Ford Motor brief sharp rally-

Barring

(more than wiped out

developments, Wall Strres feels the market is un- likely to pull out of its rut unul after elvetion.

Today's decline WIE <-

i pletely wilbout pressure n

3 evidenced by volume

clipped to 1,770,000

tz Bu

of 21

३

3200

3415

35 33

2,370,000 Tudny.

which

General Elvetrte

General Foods

General Motoru

Cien. Pub. Unik

Getty Oll

Glidden Co.

Goodrich (B. F) 25

Goodyear Tire

Horstake Mining

Ingersoll-Rand

Inland Steel Cu

7611

BOLL

Interchemical Corp.

Inti Business Machines

403

shares from

Int'l larventer

International Nickel

100%

International Paper

112

347

Steels, metals and rails were haudret bit in the welling. Oul

10.1 1135 Issue

J180 30 10 of 1

220, 641 were lown, 325 higher. Industrial shares gave up 1.84

Stapud contact Clowed 75 to 100

September

November

Terminal

market

reflected the Higher

cents off to show a 1ết gain vi

The land section is quiet, with →May the woel. "The Hongkong Hotels op fractionally เจย ม

1. Ki Charumat, Mr G E. Marden.

Tafel returned from the Unitert King their S1 nie last week. dom yesterday. The Hon, Corrie Blue Chijet made some go Blaker, mother director, is ex-

They close gains on Monday. pected to arrive in the Colony below their best but still higher on Sunday and brokers expection The

One vxoption ✖༢༠༡༤k . the dividend will be announced Electries, elcsed 25 cents lower,

Openlust next week. This week's activity, after

Int'l Te & Tel Joha-Manville Co

Karians Power & Light Kennent Copper Lirit Meyers To co Lockheed Aircraft

Loew Incorp.

Lone Star Coment Co industrials | Louisville & Nashville H.

11 Ltwettstein & Sons.

1203

CH.00

my average,

T uthlies 0.30. Currently are around

1.12

20 2018

June 10 levels, Rails reach Luck to mid-

February.

Lonsum

trud red continued !yitttJheབ6 in shipment offerings from ur For East. Repor that Chann

Interested

Rail Losses

National Cash Bog “A

New York Central Oils Elevators

Owen-Winos Clas

في العالم

102

HUBBER Amalg Trust UTILITIES

130

101

Ligt 10)1 24 60 24.D.

·C Light

Electtit Telephone

INDUSTRIALS

C'etic Rop

STORES, ETT

Votry

Walzon COTTONS

Textiles Narayang

INVESTMENTS Yangirze

All bed

10 10 30

B' 13.99

140

4 76

4,00

4.80 5.10

London Stocks

Maintain Firm State

Stocks

trading on

the

London, Sept. 27.

maintained firm appearance in slow London Stock Exchange today.

Oils highlighted the session with sizeable gains on

short

rose

posedly covering against textile orders or export commitments, ília, were as follows;

Later deliveries ande alternate sports of technical realising and hedg eltructed

credited New Orleans necount and

| Inission houses,

were*

Royal Dulch covering. about £14. while British Petroleum and Burmah elosed one or two shillings higher,

Governments British moderately active and finished 093 with a few gains of £4.

In the Industriais, electricul shares improved and shipping times. issues were

at strong Unilever gained about a shlil- ing. Imperiat Chemical cloed virtunity unchanged before after-hours publication of 40% decline in earnings.

Gold shares showed an casier trend.

J91

D1%

214

tetahi tron Cop....

Minnesota g

04%

ision Development

Monsanto Chemical Co.

Moonery Ward

Motorola Inc.

ย

was

at "further

made

EX-

the

Insurance have announced a El | galus, Taterim, which the Stock

Green Istorid Cement is hold-credited change says is the same t lost ing up well at $37.

But according

confirmation.

Mairy

presumably

antities rubber at Singapore alfracted Steel Insses 12 to a point or

it attention, but had Bible trarket | so

Arines, effect, dealers ld, pending | Crucible, US S ́eel and Youngs

I wo Sheet & Tube.

Losses in the rails ranged to

point or 1 points buying Chesapeake & Ohio.

National Dairy Prod National Lend

10011⁄2

175

405

galna

German bonds managed small but Chinese liens retreated

In an otherwise

quiet foreign

Pusic Ons & Else.

Pan American Airways

section.

199

Bethlehem,

Paramount Pictures

3011

Parke Davis Co.

| Prahy J. C. Co

Philip Morcia

the

Diary Of The Week

ngainst

moderate

dividend

fion.

ידני

is possibly the result of specula: $313, Telephones are 10 cents higher, and the two Lights and Yaune have announced

Tro 30 cents higher. Both $2.50 interim, unchanged, Union Star and Yaumati hive

for ABLY week

NEW YORK

May/June

Egyptian Kärnak

P2O B•I

E&A

COMPANIES

Outwards "CARTHAGE"

"CHUSAN”

"CANTON"

Safed

PENINSULAR & ORIENTAL 5.N. CO.

PASSENGER/FREIGHT SERVICE

Leaved Longon

Вие Поляк 28th October 20th September 4 November 10th October

12th November

Via Southampton, Colombo, Penang & Ringapore.

Hereswards

"CARTHAGE” hist October "CHUSAN" "CANTON"

Leaves Hongkong Que Landen

18th NovotrĀDES

Via Hingapore, Penang A Colomba,

FREIGHT SERVICE

"SINGAPORE"Ase Im Oct.

"SOMALI

from UK.

"SINGAPORE”loads 23rd Oct. for Singapore, P. Bwet-

tenham, Havre, London,

"SURAT"

8th November

due 20th Oct.

dur

TO BE ANNOUNCED LATER

Hamburg. Rotterdam, Antwerp

Grango-

from UK.

Inouth

your's.

Stock Exchange handbook

paid only

One

company or £2-2-6 for the year.

Other market news I hear this! week is that Docks £2 rise f

belter Bancii results.

luo

It is now three-quarters •f the way through is tancial yar Wharves

buying Today wes Chrysler fell a point in motors, dealer ERC SUURS, Ford and General Motors to

hedges declined functionally

of sales

physical Tubber workus 13 Shell Oil, Phillips and Union Here is a diary of the week: Akron factories carlier in the Oil declined around a Friday: A

wesk of

Intra-dvaler evitching the vils, but Gulf countered

a rise of close to one XXX show fratso developed with the shares tional gulas.

January exchanged for Novem T/O:

York New $830,000.

number

Procter & Gamble Co Putzburg Plate Glass Publicke Industries Pure Ol

Radio Corporation

Színų Reg. Paper

South Puerto Rico Sogal Southern Nationid Ges

Standard Brands Standard O of Cal. Standard Oil of ind Standard Oil of NJ Sterling Drum Co. Stokely-Von Camo. Studebaker-Packard Corp

Swift Co. averages Toxa Co

Republic Steel

Reynolds Metal

point in

with

Sinclair Oil Socony Mili

Mondley:

More cheerful tow

Fresh gain.

T/G:

$1,100,000.

her and some rex January being bond volume was $3,100,000 Exchanged for physical rubber, Spot No. 1 He was

quoteri nominally 32 cents a pound,

Stock Exchange

American Stock Exchange volume was $800,000 shares.

SINGAPORE

Dow Jones

were:

closing

20 saila

uilities

f stock

40 bonds

have also en S2, largely due to a one-man bleving | Tuesday: campaign.

which

haz

brokers puzzled. They annet

see the reason for the interest af the share's presen! $ 25 cent yield.

Pressure Exerted

Cottons have done Delter despite the statement by Lord Selkirk (“Lancashire strong case against the Hong- kong cotton Industry")

has

which

Prices fucktube

and

arrow T/O:

dull

within ilmits.

The market opened befew lust $1,200,000.

night's close but offerings were inderst du?= Wednesday: Steady

market with a few quietly absorbed by trade after which price gradually appre- shares Armer. T/O: ciated throughout the day with 3338,000,

sellers somewhat reserved. Dull conditions and Futures: price

Thursday:

movements

fcw Opc stall. No. 1 rubber per ib. Oct. T/O: $800,000.

aroused concern among the New York Foreign rubber unbated

manufacturers. think it in

Personally.

Exchange that

Chamber of Commerce, And

most unlikely It has any significance at

is, after all, Chancellor

all.

the Duchy of Lancaster, and it

is probable that Lancashire inill Canada owners--Cyril Lord for one

have

some

boen exerting pressure on him to speak up for the Industry during his visit to

Comm. future price indes Comm. pt price index Moody's Ingr%

Closing Prices

FO!-201> Nov. 00-005 Dec. unquoted

ants-bo AS-00 Aldon Inc. Acy. 05-80 Allied Chemicals Du-Daly Allied Mill ise,

Allis Chalmers

No. 2 rubber per ib. Özt, No. 3 No. 4

Illanket crepe No, I pale grepo

LONDON

74-76 110-121

Amerlenn Airline

Am. Cable & Radio Corp. American Cynnamide Co. Am. Mɛch, & F dry,

quietly Amertean fetal 1/10th to American Smelting

Am. Suger Itef. American Tol & Tel American Tob. "B" 201-2% Anaconda Copper

Armico Steel

2815-81% Arnour 2012-27

New York, Sept. 27. Closing rates were:

The markot WOR $1.412-5/18 England omeja!

2.08-5/10

scary with spot up unaflcint

27 pence, Prices: 2,07-202 futures 24725 90-603 90-inv futures 270-11/10

No. 1 Ras spot .......... 23274

Hettlement house tetma! 2.77-3/10 Nov. 270-11/10 Dec.

Atlas Cona Mining 0200-15/10 Jan/Mor.

2011-2014 Daldwin-Luna-Harn. 1435

Apr Jun

20-201 Boltimore & Ohio .000/B41

July/Sept:

252-4811 | Bendix Aviation Corp. 2308

General markete, elf boala, portši | Benguet Cons Oct.

20%=2011⁄2 Bethlehem Steel Nav.

2016-2017 | Boeing Ahrplatz Dec.

unquoted Border (The) Co, Rainie crepe thin Det.

thick

Australla New Zealan South Africa Japan, indidentally is not "a

Bolatunt Dernaric He is a Scot, born France

Hoband

Lancashire with a home in Germany

Ayrshire,

Brokers Hey the reason for cottons -Improvement this week

2613

United Frem,

was that they have been under London, Foreign

rated for some time and that a

riad

overdue. Namryango

have put on 15 cent to $7.40 and Textiles, 10 cents to $4.80.

"Devaluation"

Exchange

London, Sept. 27..

* Closing rates were: New York

There has been come specula- | Montreal,

Brussels, tion in Honakang, thle weok on Coperitakuti the faturo coures of sterling, drunkeun was sold in Loo Houso Street Milah yesterday by one very Aliphala Park olumevin: Miha shiro market has Prom

United Pres.

Exchange Rates

Bluvoughs Add Machine Canadian Pacific R. Czee (3.1) 00. Cat. Tactor Celabiese Corp. C.1.7. Pinancial Cory,

Bujiniem was done in the localemwagweettise.

Who delet EXCHANGO market

1307144 | morning at the following rated:

-1745–118832 A

UB. dollár, (per. Si)

Bierling/notei speri Arstialah notes," (per Indonesian rupiahka tper: 106)

Macbelsnused 1,99m tlení: LONG (100).

upont de Nemours. Strikes Book

Paso National Gas Out

479,76

· Dollar stocks and bonds were generally ateadler in line with 031$ yesterday's Wall Street rally.— 4244 United Press.

5011

New York Sugar Market

World

New York, Sept, 27. No. 4 sugar futures

47 today closed

unchanged to

47% peint lower with soles of 10

A contracts.

Domestle No, 6 sugar futures

#vlored 1 point higher to 1 point con- soles of 138

10%

Tide Water Amin, Oll Twenty Century Fox Filin Union Carbide

8014

lower with

774 tracks

231

1124

184.70 Union Pacific Railway

Unlled Alrerafi

13.77

เปิ

U.S. Fol"Ð"

91.34

U.S. Gypw'IN

VS. Rubber

1420.83

104.43 UA, Smelting

421.20 Vy. Steel

Wainer Dios.

Wratingfiome Electric Werl Va. Pulp & Paper Woolworths

Trude buying in world con- tracts

WAY supplies through 70% hedge selling.

201

In world raws.

Japan was

471% accredited buyer of a cargo of Dominican _raws, Dec/Jan, ship- ament, a

at 3.32 cents a pound, lob.

Domestic contraels featured

refiner

buying

0th Nov. ALL VESSELS OUTWARDS AND HOMEWARDA

ΤΟ

VIA PROCEED

RUEZ HAVE LIBERTY CANAI, CAPE OF GOOD HOPE OR PANAMA CANAL AT OWNERS OPTION.

BRITISH INDIA S.N. CO., LTD. 1858 - A HUNDRED YRAPS OF SERVICE – 1950 "BANGOLA” due 30th Bepi.

from Calcutta for Japan

sails at Oct, "INCHSTAFFA"due Bih Oct. from Japan

anila 10th Oct for Singapore, Penang,

Rangoon & Caloutta from_Japan/Shanghai

"WARORA” day 10th Oct.

Mit 11th Oct.

Rangoon, Chittagong Caloutta

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

"URLANA"

due

1st Oct. 3rd Oct.

United Press.

while sellers tuted cautious ponding develop- ments in the water front labour situation.

"ITAURA"

de 4th Oct. salls ih Oct.

0,10 cents basis,

pound; delivered

duplicating

year's

AUSTRALIA'S

TEXTILE

INDUSTRY

Sydney, Sept. 27. Australia's textile industry has assurés such impor- tatue that. Now Heath Wales

University of Technokay, will establish m fextile course leading to à bachelor of solence degree mext year, today.

was announctyl

Domerile raws was quoted ot

the

question high, and raised the about the possibility of another Boost in the Import quota,

Contract No. 4 (world)

“ITOLA"

Que 17th Oct.

waits 19th Oct.

Cross Japans

for Singapore, Bombay. Bhatnagar. Harsch! Basrah, Khorramshahr &d Kuwelt

from Japon for Singapore, Cochin. Karachi, Doft, Khor- ramehor & Kuwait

from Karachi & Cochin for Jepan

EASTERN. & AUSTRALIAN. S.S. CO., LTD.

"ARAFURA" fonda sih Ort.

SATIN VIN ORL

for Sandakan Rabaut, Brisbane Byggey Mal bourne & Adelaide

Troms Australia,

Futures:

Oct.

Маг

May

11.20 9.34-35 134

July

Sept.

4.37

Bpot-cents per ib. fqli

Cubia)

3.26

"NELLORE" due 11th Oct.

Contract No. B

Nov. Mar.

8,01

May

042

July

All vissals have liberty to call (mi,any": porte on or off the route & the Taule deʼmuština, nën subjvek- to change or amendment with or without natice.

Bept. Nov,

Spot-teents per tb, cif NY

ax-duty)

248

0.00 --United Presk

head of the Univer kity's School of Textile Technology said the lädns- now Australia's Second largest employer buk "kilit, grocersed only About 10 der erst of Au- tralian wool slip and even Iris polich, ari "wynthelle".

NAMESAKES

Answers:-1- Rouse,

2 Nine- pina, 8 Sleep, 4 Irving, 6 Yeane, Twenty, 7 Awake, B Wash Indian, »0. Indspondent, 10 Catk Will, 11 Hollara. 18 Kegi

Rip Van Wike,

For full particolars apply to: MACKINNON. MACKENZIE & TO OF HONG KONG LTD. Iflephone Host

1956-09-28 — Page 9

Comments

Private Research Note