THE CHINA MAIL, FRIDAY, OCTOBER 12, 1956.
TRADE
and
COMMERCE SECTION
Page
BUYING BOOM-THEN A SLUMP New York Cotton
Shares Irregular
At The
Close
WHEELOCKS ACTIVE
By A SPECIAL CORRESPONDENT
★ The
HK Banks
Provident
HK Hole IIK Lands Humphreys
IMPORTS, EXPORTS
London, Del. 11. British exports and
jm- porte during September were slightly affected by the requisitioning of ships dục to the Suez emergency, the Board of Trade reported yesterday.
ཐཱ--ཙརཱནན་ཝཾ...
Share
Market At A Glance ★ BRITISH
Sept 13 1030
Hopi 20 1630
Sept 27
Ock 4
Oct 11
Up or down
1630
1430
1040
+$10
Lombard
430
4311
4254b
440
426
leady
Union
10000
1010
1005m
1005
1000
---$5
Underwriters
8.800
8.80
8.80m
8,80a
8.80
steady
Union W'bout
23.80
23.80
23,60b
23.800
23.7011
-10c
Whitloglis
8.70
8.05m
0.45
b.20
B.03
18 Wharf
91
01
93b
93126
15
HK Bocks
43
4LD
434
431
13,60
13,00
13.905
3.00
45.
13.90
15
16.30
18.40b
15.30m
15.10b
Mirady +10c
་ནོ་པ
003
A5
20
201
1016
6334
00%
104411
steady
1.45%
1.4511
1.43
1.450
1.50%
23.40
23.40
23,70m
23,10
23.70
136
135n
1.39
147h
142
strady
197
110
111
HE
112
steady
24.20
24.50
24.89
24.70
24.00
Ch Lights (1) Elerie
21.60
21.00
22.10
24.30
+201
+200
303.
311
311
31
12
+50c
HK Teir phare
24,
24.80
24.90
Was
201
Gl. Contrat
16
37
37
24.80 38
23
+20<
39
Dalty Farm
13
15,70b
16.20
A.S. Watson
12.43m
12,00
13.00
15.50x4 14.20
15.30
steady
1430
--10c
on the
1.an Crawford
38.60%
29.604
20,00%
29,401
20.401
steady
Vancta
6.80%
0,7011
4.80m
6.80rat
0.101
Allied
3.10%
4.90m
5.05
IK & FE Buy
10.00m
10,00
10.50%
10.40n
Teville Corp Nanjang
4.40
4,40b
4.50
7.30
7.356
7.40
4,50t
7.500
5b 10.400 4.40K 7.50
-Be
ber
period In
CXPRES
1953. But
totalled
strady
After one of the busiest weeks this year, business contracted sharply on the Hongkong Stock Exchange yesterday leaving prices irregular but the undertone fairly steady.
Possibly the rioting in Kowloon inhibiting factor; or perhaps it was just that all who wanted to get rid of Wheelocks
strength of last week's dividend and new issue announcement get rid of them.
at only reta
Forsey buw Brite comes mil
the bat gaining
Aline 250 000 ~bares changes) ¦ very klerke hands this week trounting about a third of the total $7 745 million turnove
Acrondig tu cum brokri
tas
川
tead observers hope. Das en mckles with the pertesi gel
frew uperwing So so brokers.
Winds Fowy selling was langety With this year's trivial turnovers
by Citrine banks. He sat the f they will be doing well to make new issue proposal turned upons Lege's thect on brukeinge Chinese devastoise agră ast These
Hend he thought if |
the coal as boat clas lared a 75-
cral divi lend and bonus
is ad only bogross
$10
kiri
1
Diary Of The Week
worked by tore than Friday:
Turnover Up To $1m
They lost $900
after dengping to below the $0 mak, down 15
wick.
<d
上
ti
work
en higher°
The market tally this
was eleven stently,
41
lelah terwer
Monday:
Turnover must be one of the
It was almost Tuesday:
Fighest this year
exactly double just week', $3871 million
Friday turnover was 33 38 nilien langely due te dratings i Wheelocks
Best guiners this werk weer Whatives. C'ermits, Docks and
$1 $39 $1 all-tize hight
4' 12+1- bel w
Ther
Granted this company's curilugs
reported to be on the m arc
ramone Land its exparts pie gang up, but I cannot understand the Interest in tila
present price I think qualetes - tion must come soon.
Wharves Up
And the two other shares to do well Wharven at $95 ure $3 shutt of this year's penk
They
have gained $150 und 1 imagine They
a counter- 2000 proving ntenction to investors who are other
#quidating heavily in
trevlet.
ruse
diary of the week
Jungbler Coul
+1
It
generally
datum.
Showind
2011 all- und tro-
$336 mulber
TO
Sorge gghtRS IN The salon. mawing but light-seale profit-taking in the afternoon. T:0: $1 8 núllion,
Price
movements
Jew and small with no special feature la report. T/O: $11
milion,
HR Realty MIK Trama Star F
Forty Y'aumatis
Ch Piglits 193
WALL STREET
HOLDS FIRM
New York, Oct, 11.
2400*
Comeum call
steady steady oready
--100
strady
WORLD RUBBER MARKETS
with
Stocks maintained a firm tone today although day closed some profit-taking in leaders brought irregularityDecember into the market near the close.
General Motors
Volume white fur frosu heavy | General Fooda
1,760,000-shares compared in Pub Ul. with 1 820,000 yesterday
wit
Traced.
of In the flet pine comnthsa
worth the year exports were 12332 mition newly ten per the me low: year
11 In wris KR.97 muiton, were one per cent greater than
Futures Quiet
New York, Oct. 11. Cotton futures trading today followed the pat- tern of severn) sessions preceding, see-sawing narrowly in quiet dealings.
Evening-up before the holkiny wzekerd;
Bartl adĵusirments kan | Oct, delfvery, dominated u snuck
trade
lower The mar
Closing prets ntled 3 to 5 points higher
ke; opened up 3 to off 1 polat New Orleans closed up 2 "lo off 2 points
Ex-
NEW YORK Priezt (Futures elesid V day as tokuw
34 430 34.23-25
34.10.17
October
December March
May July
New York The change will remain until Mone jug, ma an
However nching
wil), operat**
11:5 N.w Clu
katu domorrow-Columbus Day
contracts coverst October cange of 55 cents a bele, October In the same trading will end in the
Sep.em-
In Mocny
Today Kolafled 14.300 £222 2
lest that million. £31 milik
cat £205.1 in Augen, nor milikon were A 27 million, une million mae thun in August.
71: exces of imports, volued CIFAYA EXPANDE Mal re- 1. valued POB WAN £637
September thire million pounds more than
1 Aug
In the third quater
hales
The
311
TH
OBET
the
selling Spur house December delivery at the 34 rent level arrested rallying ten- dencies in thin position, while trade boying uppcare.f declines below the level
Later deliveries Stendied commission hotel,
34.21
33.00
Chil Devrinke
33.07
Mah
23.07
NEW ORLEANS
11:
Autore * བཱ‚!ts tlay
33 40
34 30
160505-
34 17
14 24
33 18
3311
11
Spot (takes December March
Mas
July
Ortber
track
ניי. 2 17
LIVERPOOL, Falary wing, in
I was Daltong
Old continet
Del./Nov
Dee /dan
Mar/Apr
July Aug
May/June
11
New continet
Del Nav
ult
d
MaryJaine
July Aug
Evian Katnak
Nav/Dec.
"'X-
lont buying influenced by sol bank considerations, plus panding exports and the 1- creasing rule of entries under
kam je ogromane
Velane 3.1XX)
+46,100
Dec/Jun
Mar Apr
BAO PAULD
1 PET
22
DU
2490
21 4
{
:13 YE
25 20
25.00
Fulutz closings, In Cuztart
per kijo were as follows;
unqualed
28.40 40.30
39 40
the nvinge prien
of pot markets was 33.20 cenia,
*
New York, Okt. 11. The N. By rubber futures 30 points bagher xx construcla.
32 85-00
The rexrnet closed 15 15 30 puts higher with sales of 79 47 contracts.
of the year the viable tracte de- deu averaged £374 on month. 6.6 million pounde a mar thun in the first half yeur. In th
first nine of 1956 months
overage monthly defelt was £53.1 mil | Hey roimpard with 285.3 mil-M Ben the corrisponding period : Mas
1958 Unik á Petr 4.
the
1816
Msh
Open interest
14300
Oct.
Doc.
Del
23.5c0
450,000
Mar
10.700
413,100
May
14,800
470.0
July
7,200
In the US
Oef
3,000
0.100
Der
U,6CO
32,3)
Mar
2,104)
Sules tolali 49,987
Total
1,483,109 Dates United Press.
Nov
32 10
12 00
30
Маг
72
MAY
1414
July
30.70
15
Bopl
30.26
35
Nov
29.75
Standard contract closed 15 to 30
己
4135
Occ
305
4056
Mar
31.0
100
May
31.25
somo
117AL
July
30.15
3;Th
Sept
30.26
454
Nov
775
will Kansus C Power & EÍKTIL
Kennecot Cupper
1:149%
Lingett Meyer Tob. Co
Lockheed Aircraft ..
49
Loews Incurp, co
1945
BA
917
221
80
12
The market opened up strong
Getty O.. Glidden C#.
Goodyear Tire
Hesten Chemical Corp Hamatake Mining Co ingersoll-Rand
io Inland Steel Cu
a curryover of enthusiasm | Goodrien Br, cu
yesterday's lust minute spodaruter run-up which lifted ket values close to a blition, Then,
with nothing new
Inf Botness Machines backed Int Harvester, prices stimulate interest,
traders
International Nickel Cown gradually markel.
for Internatiosal - Paper evened up taking
unofficial? Te & Tel
Jolin-Mnevale Co steurly holiday.
Columbus conditions and vire Tiptræk
change Day, but many in the financial
Wednesday: Steadyishi
Thursday:
TO. $800,000
Quiet ankt
tuny
IX>
R
lon.
The Lorrow.
exchange
I ti rates. T/0: imunity will observe it way-
$385.000
Australian
Economic
Mission
Washington, Oct. 11
way
יניף}
1.
sachin 130230 roll oted the insgularity. Initial shares were up 0.74. all dwn 016 and thes up 4.17 Out of a total 1 121 is,ues | rates, 539 w
334 Flower
Telephones Up
Out of th
1 FIR WON
clsey'
Amurkwo
phone, tevent m
secaviied 134 polis to
Tuin- 1.
on de day's most active turns over.
Sain
te bes, guinn nf peared in metals with National Lead up 3. x Magna Copper,
Lone Star Cement Cu Louisville & Nashville 1
wenstein & Sun.
Merab Iron Corp.
Minnesota Mining Mission Developmeat Monsanto Chetical to Montgomery Ward
| Motoroly the
National Cash
Reg. "A National Dairy Prod
National Lead
National Bleel Corp New Yak Central
Olin Maintenon Outs Elevajurs Owen-Ilinois Glums Puelfie Das de Bec,
Amenças Airways Poramount Picture
Bricks are largely up un re- | ports of better business, Share- helters also have not forgotten That the wenpane pad lust you.'s $3.00 dividend and bonus out of profils and that it still has the proet of last year's land sale
The share up a sleeve. $2.50 to 5454 which, according records, is on all-time 10 high. Again, I would say some
imminent.
that the bank Equidation is
Uuities closed
and favourably steady
vion. higher on the week, but are Trains below their best levels,
China were steady at $23.70, Light 20 cents higher at $24.00. Electrics were 50 cents higher at $32 about $1 below thwir highest koupila siage of "banker and;
client" with respect to a new ex-all price earlier this year. Telephones were 20 cents better programing af borrowing. nl $25
An Australian economic ITAN- slun has completed preliminary angolutions with The Inter- national Bank for Reconstruction and Development for AL major new delle development loan, Aluminium, Interajunul Nick 3. informed sources said here.
and Kennecutt around a poin! Hepublic Sicel
officials Australian Nether
Inluch and Lukens not authorities of the bank would discuss the size or terms of the seeds with gains around
toun, but projected
was; while Behlichem and US 5.2.1, * learned from an official source dippect fractionally,
WILS looking Indr
A
higher.
Reynolds Metal
Shell Oll Co
Sucony MobBoll.
baica.
POBIE&A
COMPANIES
Duo Bongkong
CHICAGO GRAIN
MARKET
Chicago, Oct. 11.
Grain futures were about steady during most of the session on the Board of
points higher with no saten reported. Trade today.
Corn and cats fulures showed however, and irmauss rallied slightly at several points. Interest in oats was due to An announccinen; of increased Although qutet, the terminal
under- federal aid for purchase of feed teadier market had i
grains in some drought atvas, was tone. Encouragement
and in turn helped the com drawn from foreign cables and the
continued
Was
of position. reluctaner eastern shippers to reduce offer 48ting prices.
A
Conduction end in automobile
Slight selling pressure noted in com today as a result of yesterday's government crop
274 utrles recent "nibbling" estimate. The estimate pushed
4824 suggested
from factory buyers underlying de- maud, brokers thought,
One source thought potential Akron buyers were holding off walling for outcome of the na- tional elections,
vorn
От д
production well over the
last month, previous estimate Selling and hedging was
mited scale, and was generally absorbed on reeling orders absort
comini:sion houses through along with short covering,
Whout closed off to up cent; soybeans off cont
Prices per bushel in eents; Wheat, No. 2, red
PENINSULAR & ORIENTAL S.N: CO.
PASSENGER/FREIGHT SERVICE
Ob‡Warda "CARTHAGE" "CHUSAN”
Leyes London Sathed
www.
201 October
7 November 10th December
Via Southampton, Colombo, Penang & Singapore.
Homewards Leaves Hongkong Due London
"CARTHAGE” 1st November
November 8th November 3rd December
"CHUSAN" "CANTON" *CORFU"
November 17111 Decetober December
January
Colombo. Via Bingapore, Penang
FREIGHT SERVICE
due 20th Oct. "BINGAPORE"loads 24th (ct. for Singapore, P. Awat- tendam, Havre, London,
amburg.
Rotterdam, Antwerp
Grange-
12
"CANTON"
"CORFU"
493
2001
24%
42
(50
17
$1073.
Pen Sail Co.
35
| Penny "2. C. C».
Philip Morris
400%
ap.
Procter & Gamble Ov
4802
burgh Plate Glave
Publicker Industries Purt Oli
B2
Intra-denter switching in rex 49) Sept.-Muy and January-Novem
ber contracts cœcounted for some
Tex Murch con- act.vity. Also tracts were exchanged for phy- sical rubber, Spot No. Rss was quoted nominally 32' cents al pound,
Spurt
Der
2282
Mar
Close prices. 22411 2271, (E) – 2201%
273-2327
May
233-34.7%
"SOMALI”
40
LONDON
July
Hadle Corporation
30
Sept.
表
The market was steady with
coin, No. 2 yellow
70
post quoked at 26, pence per b
Spot
130-131
450
Dee
I ured « point
Salut Reg Paper Smelot Ou
No. 1 Ras apot
20-24-23
MIT
140
20
Settlement house term
May
143
Nov
201-27
July
1453
South Puerto Rico Singar
TA
Dec
207-2745
Sapi
14444
Seulen Naunal Gan
36-11
Jan/Mar
204-04
Ryc
Gulf fall ready
n
Southern Hallway (Cum - Yandard Brands
Apr/June
201-20
Dec.
18292-153
"SUBAT"
"SUBAT"
374
July/Sept.
20-28-
Mar
1-
Standard On of Ca
4211
General markets, vit basis, pucha:
()
Branderd Oil of Ind
504
ON'T
Standard Oil of NJ Steep Rock
451
Nov.
20%-20 214-20
Doc. Adar
201
213%
Exchange
Sterling Drug Co. Stokely Vas Camp
Dic.
25-20 Soybeapa, No. 2, yellow
Estate vrepe thin Det
3421
19
Sunt
7814-79
2283-220
thick
A
Nov.
Singapore and
Amsterdam
Já.
averages Texar Co
Twenty Century Fox Fin Unlun Carbick
rubber prices were unavailable.
-United Press,
Mar
Mas
July
Barley
$80.00
Spot
199.3
00.41
U.S Foll
17.27
US
Gype
112.44
UH 10109 US
$10 20
Closing Prices
$ 15
at the loan applica-point. Allied Chemical log
declined bank spokesinan
to comment on the negotiations the group that they on
Thr
bad
mosi one in chemicals,
New York Stock Exchange bund volume was $3,020,000.
Stuck American 630,000 shurrs.
Dow-Jones closing
were:
Wads
30 mutati mals began 20 full negotiaillons seriously about two weeks ago les
01 stocks with
Mr the arrival here of Rolan Wilson and a lzam ut
Comm. fature price atox Commonwealth bank and Tica-
Capot price index お Dr Wilon and Mody's index 1j、y
Looking at some of the heavy stocks, Hengkong and Shanghai Inks have after several weeks of sluggishnass, moved up $10 In $1,640. Uniens have lost an- other $5, which at that price 1
fractional less,
21
and settled
de an al $1,000. Both terry
prier $64.
Zics,
the
Mr Rober. Men- Australian
Pr me
a steady at last week's for these talks several mon's
Lands are stendy al Age - Cat Malf Special.
No2 | Minister, had prepared the way !
Nanyangs Lower
Nonyuuga have bad a moro notre werk and clesé lower than Lost their best but stendy
on Thursday's buying rates of $7.00. As far as i cm gather there is nothing behind the suckien in- crease in business ether than one or two big holders liquida- Ung.
Amalgamated
Rubber have be more active this week with changing about
shares 00,000
to $1,523 hands and climbing largely on hopes of an increase dividend. They paid 10 cents anal 1get year and investors are taiking hopefully of another Ave cenis
New York Foreign
Exchange
New York, Oct. 11. Clo.ing rates were:
Canada England-emical
unomolal 30-day futures Now Zealand others were unkliangel
Aident Inc. Acy
Ad Chemien,»
Allied Mils Inc.
Allis Chalmere. Amer all A
Cor
Am Cable & Hack Amerkan Cyanamide Co. Am. Mach dry. American Foreign Hower Americon Aletal ... Amurican Simelting Am. Sugar Bet.
Anierican Tel. & Tel. American Tou. "" Anaconda Copper Aitng Sizel Armour
11.00-41/84 Atias Cons, Mining
2.79-17/52 Baldwin-Lina-Llam
2,03-31.66
2.78-1/22
2.37-8/10
Unitat Press
London Foreign
Exchange
Although London and New York have been influenced by the proceedinga at die United Nations Security Counell, Heng- kong has not been unduly affeol-
London, Ool. 11. ed by the debate, and the
Chosing males were: "swilch" in the rumour of a
New York Britt attitudo in iis darcot Montreal régotiations willi Egypt had Amsterdam
little effect on the market,
Jestraint, however, induced
irrätikfurt
Mülen
Buricti
by the dispute, is likely to con- stockhyplin
Unue until a cotillon of wordle kindle found. This now #ocea
2,2811-27
10.03
than were unchanged
Baltimore, & Ohio ̈ ̈
Studebaker Packard Carp Swựt & Ca
The Water An
Union Pacifir Bauwes
United Aircraft
Line Co
Rubber 102.02 R Snelling
1.N Sleei
Warner Bren.
Wieler Electric
Wet Va Pulp & Paper Teerawora1h
United Free?
New York, 0.2, 11.
Faltus World No. 4 Jugar today closed unchanged to one.
*ules point highce with
uf 11 contracts.
248
241
130-145D
13.201
18.076
15,06b
100.00b
40760
13.12b
13.10b
36.00b
33.00%
United Prem
200
142
4th November 120, November
וגזתו,
from UK.
#outh
from UK
Antwerp
La
Grange-
dne th Nov
jeads 2nd Dec. for Singapore, P. Swet- tenham, flavre, London. Hamburg. Rotterdam
mouth.
ALL VERBELS OUTWARDS AND HOMEWARDS ΠΑΤΕ LIBERTY TO PROCEED VIA SURZ CANAL, CAPE OF GOOD HOPE OR PANAMA CANAL AT OWNERS OPTION,
"ISMAILA"
Rails 28th Oct.
London Stocks
Mixed
London, Oel, 11. Stocks closed mixed on the London Exchange leday with a j modest amount of Investment sig, buying by Brillsh Governmzal
bonds.
New York Sugar
Market
New York four
2001 anckUnlied Press.
NEW YORK METAL FUTURES
Now York, Oct. 11. Prices of malul futures closed Domestic No. 5 Huzar closed today in certs per ib. ne follows: 1 point higher to 1 point lower Lead Get with sales at 91 contracts.
in world mws, Uruguay was! the accredited buyer of 5,000 tona of Cuban sugar. Korta was a reported buyer of 8,000 tona of Peruvian raws and between $,000 to 8,000 tons of Philip- pines, Futures:
Nov. Tin Oct,
Nov. Zine Orl.
Nov. Copper Oct.
Nov.
LONDON METAL PRICES
Londen, Oct. 11.
Prices of metals closed tedny
in steriing per long ton follows:
BRITISH INDIA S.N, CO., LTD.
1954 - A HUNDRED YEARS OF SERVICE — 1954
"INCHSTAFFA" 13th Oct. for Bingapore, Penang.
langoon de Căleuita "WANORA” due 12m Oet. Faily 19th Oct,
"SANGOLA" due 21st Oct.
sallı 22nd Oct.
"ITOLA"
frous Japan/Stanghal for Singapore. Fas Elangoon, Chittagong Calcutta
from Japan for Spore, Penang. fange Calcurts
P. & 0./B. I. JOINT SERVICE
que 18th Oct, from Karachi de Coobin
10г Јарад
A 18 Oct.
due 20th Oct,
from Bombay, Cochin, Colombo & Singapore jor Japan
EASTERN & AUSTRALIAN S.S. CO., LTD.
"NELLORE” salls in Nov.
for Sandattan, Rabau), Brisbane, Hydany, Mel bourne & Adelaide
for Bandakan. Rabaul,
Brisbane, Sydney, Mel- bourne & Adelaide
All, vengely have liberty to call at any partą on
-nz am thaʼzofile a'the rovie'd sailing ite subject
to chips or amendment with or without notice.
For full particulars apply to :
MACKINNON, MACKENZIE & CO. OF HONG KONG ITO. Telephone Nos: 97721-4
*
CS
"NANKIN"
11 Dec.
Buyers Sellers
701
כללי
770
Bendix Avdiiba 'Corp.
Bergunt Cons
Bothliheys Bicol
167**
In Airpiano_
મ
were crratic.
Barden (The) Co
Eviteughs Add Machine
4
Cansullen Freine it.
14
Cate (J. 1.) Co.
inte
Crt. Tizelce
Celine Corp.
Olla Dutch, at one point 10 shllungs higher, closed up 5. But Brilish Petroleum lov nine peres and Burman and Cadadian Eagle, a eiling cath.
Royal
Contract No, 4 (world) Marchi May July
Reptember Epat-cents per h
Cubn
3.31
3.21
Contract No. &
November
6.74
Tin, spol
G. 1... Financial Corp.
Chrydder MetCTA
fan
were strong
Fcbrusiy
Marul May July
3-month
5.56
Copper pot
11.43
3-month
5.30
| Load ist hell
September
5,60
Climax Molybdenum
November
CB 40%
spot-teente per ib, elf NY
(ax-duty)
5.01
Zine ist half. Ger
8.70
-United "Press.
United Prezq.
NAMESAKÉS
Exchange Rates
Colest Palmolive, Co. Commercial Crecki Commonwealth Eer. Sen'slidsled Edirn Contasental Oil of Del. Crese Coj, PARAN Crew Zellerbocli Ruben Amez,: Filder -7/10 Diamond Alkai Co.
Dow Chemicala
„United ProNE,
Durent 8% Noncure
Brümin Kodak
El Paso National Gal
Family Finance Corp. Ford Motor 19944 General Electria
Electrical issuES
In the industrials. C. A, Parsons ran, up more than' 2 shillings. But numerous blug chips in-
1cluding Unilever, Courtaulds, 11 Westwerths said Vickers, het
day five
ABIL
to bine pento.
In the forsign bords cafion Loans were German Polash
Japaneer bands wore dla
hoppin
4. Jost, Boo
Business, was done in the Joeni
Anum Windsor 2 Fight, ungmeil exchaollowing te
& Comedy meming at the following rates
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viv Bir Jöln Falstart
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