1956-10-19 — Page 9

TRADE

THE CHINA - MAIL, FRIDAY, OCTOBER 19, 1956.

and

COMMERCE SECTION

SHARE MARKET KEEPS STEADY COTTON PRICES

No Post-Riots_Plunge

BRIGHTENED UP YESTERDAY

By A SPECIAL

CORRESPONDENT

In only three days' trading this week, the share market has hardly had a chance to reveal any trend. But what has surprised Ice House Street men is that last wack's rioting in Kowloon has had only a very slight effect on the market.

Rates for American T/T hardly changed during the period of trouble, indicating little or no increase in demand. And apart from slight hesitation on Thursday last and again on Tuesday, the share market has shown no appreciable change.

k

TODAY'S SHARE PRICES

(From Our Correspondent)

But nes

*

close in te ih og

Sterk Exch. mgr 121

1

The tally this week le fourteen hares steady, nine lower

und

hirder Last week 11 WIN beleven steady, ten bigher and

right lower.

yesterday A broker told me Hud Tuesday's hesitation might have been due to a litle cuts port selling One Chinese bank old a small parcel---but with a for of $970,000 total turnover the day you run, realise that the norket was not unduly affected. Brokers pointed out yesterday that London did not sets for be

rix of duly perturbed by reports Fits fr the Colony

On Thurs.

The for the Trus colled in and the curfew

amounted today mately $483.000, Nuon quota- tions und the morn na'n inkonve

Shares Buyer Seller Salts

1830 15

BANKA JK bank

المارينا

Wheelock.

were

WIN

Hongkong mit Shang-

Fod Bauke put on Et to £93. The side they put on an- other £1, when the

se had closed down

market

Yesterda afternoon. condi- bghter (0)

and

245 futed

Wadhurs

o Wednesday

vetenday morning. Docks, Yau- mall Ferry, Electrics, Telephones

uld and new,

Cements, Dairy Farms and Amalgamsted

231040

244

1

INSURANCES

1000

1010

Lombard

44"

SULEPING

Asia Nix

120

30001223

x Au

7 10

720

14

400 $13

1 x

were all

4514 401,

10 12 10 12 50

1

14%

DOLKE. ETC.

K Whort

[HICH

LAND, 110

BK Blutel

HK 1 and

Humphrey's RUBBER Amalg

PELITIES Tr.an

XI

Stur Ferry Youn ate

Light 01

Telephone

13.40 13 3500

NJ

1 19.00 1000 4 10

1:00

1016m

23.07 23 10

700239)

10030

10

1

2020.JU

1100 23

762

100023 20

N1 24.20 24'.

0) 24.20 5 40

IN) 24 20

INDUSTTUALN

3830

13 ja

gainers

Realty Dividend

There is no special

Icut- the

company Hongkong Realty announced a final of five:

Lo

repurt.

rents which, with the

10-Cla

interim, makes an unchanged 15 cents for the year

But the

The Share Market At A

BK Banks Lombard

Unlon.. Underwriters

Provident 11K totch HK Lands Humphreys [{{{_R*a}!» IK Trans Ик Star Ferry Vornalis

down

---100

wendy

steady

500

WORLD

RUBBER MARKETS

New York, Oct. 18. The No. 1 Rss rubber futures contract ckstd today Bices lower

www of cales

ON DEFENSIVE

New York, Oct. 18. Cotton prices today opened lower and remain- ed on the defensive for the rest of the session.

the

Closing around

day's July lowest levels the list showed October

Leander jounes of 11 to 20 points. Open- Mareli

Total Ing prices were oft 9 to up 3 points. New Orleans etured off 19 to 25 points.

A gradual flow of quidating and hedge selling orders found trade buyers hesitant in face of a slow-down in texille market activity and

anticipating the possibility of increased "hedge welling.

Glance

Up or

Sept 20

Sept 27

Oct 4

1630

1090

1630

Oct 11 1040

Oct 18

1648

steady

430

4214b

448

42b

4234b

+250

1010

1095m

1005

1000

1005m

4.85

8.80n

8.200

8.80n

8.80n

8.8011

steady

Union W'boat

23.80

33.602

23.800

23.700

23.60n

Wheelocks

8,95m

9.15

8,20

HK Wharf

etb

93356

0,05 BK

1.15mca

85

HK Docke

4144b

4334

4314

13.80 15,30 654mxd

13.903

13.90

15.400

15.30

4574 13.00 15.406

4534

18.30

15.40

-100 steady

14

0314

6434

64

with

201

20

1934n

19.70m

+200

1 450

145

1.43b

1.Bid

1.425b

steady

Coracia

Dec

33.00

22.40

21.70

23.70

23.70

23.60

1350

139

142b

110

111

112

142 112

145m

109

Hex contract closed 20 to 40 poln lower with sale, of 108 contracts,

Nore

32.03

24.50

24,80

24.70

24.90

24.90

steady

Jan.

31.05

21.30

22.10

24ce*

24.20

24.206

steady

Mar

31,00

2134

3141

3134

3%

22

steadr

May

31.25-30

24.80

24.90

21.80

200

20

25.10

+100

July

30.78

Sept.

30.03

37

37

38

10

30

3844

250

Nov.

30.00

questing hedges against loans on cotton.

18.70b

10.20

15 hoxd

10 GO

15.30

atendy

12.00

13.00

14.20

14.10

20.60%

29.00*

29.40n

29.40n

13.90m 29.401

6.705

0.80m

4.00m

5.05

6.750 5b

8.05Axı

Kteady

10.00

18.00%

10.40n

10.40n

4.95b 19.400

50

Dec.

MAT

steady

May

4.40b

4.80

4.50b

4 4011

7,25b

1.40

7.306

7.30

4.35m 7.85

nloady

July

+50

Бел

Nay

e-cum cull

Ch Lights (0)

('h Lights (n) Steetrie

HK Telephone G-ment Dairy Farm A.. Watson Lane Crawford

Yangleze Allina

HK ATF Iny Pestle Corp Nanyang

Canadian Bank

Rate Increase

Ottawa, Oct. 18.

The Blank of Сана announced it bad increased Its Interest rate to 34% per ernt from 3 per cent, effective immediately,

This was the sixth change

rale in fourteen

the

In months.

The announe:ment gave no reason for the increase but it appeared to be almed at encouraghuz ilzhtening of thr monty market against inflation, — China Mail Special.

Pakistan

Cement

Exports

Singapore, Oet, 18. Paki ten was row a posdien to Malaya

6.80m

-100

--Z0c steady

Wall Street

Street Gains

First Time In The Week

New York, Oct. 18. Stocks scored their first gain of the week to- day under leadership of steel shares and selected special issues.

The industrial und ralf groups | Chryster Motors both moved up after carly eariness and finished with Average gains-$1.65 in the in- dustrial, 009 n rulls,

Trading a 1,649,000 just matched yesterday's turn- aver but the best rotume came

the Mssion lote in moved up.

Of a total 1,098 lexues traded, higher on 142 were 375 lower

Bethlehem featured nil opening up pout at $167. dropping to $160% then recover- Laderd will be paid to export Cum

ing in late dialings to Sigl, up S

following an ine;case in

in rumours p:o-po!ut Dr. B. M. H. By the | Pending stock spil.

T: whe

$4 mill

1

the

52

י

200 23.30 min can be two istes last today

Cement..

HORES ETC.

200

15

1300

101

.. #370

14 ** 1

71

Dairy, XD 10:30 102

Wal

COTTONS Ninying

INVESTMENTS

Aled

4.03

Singapore

Stock Market

Sirtora, Oct, 19. Brokera today

152 aoled following stock prices:

Opening

Co. Lintang Rubber

Fraber & Neave ? cum,

prof

R180

Looking down the list, Banks

Bro

0

נולד Com

Jer

He said that a number of in- Hongkong register) are steady

Singapor

and In Lombards ot $1,049

Mi luyu had shown an interest on buying rates, ja tan cement quarter betler and Unions $5 better on И middle inte

all Wheclerks, ex

FL $7.10 middle, are roughly steady.

He said that two factories, bullt with Colombo Plan aid Jom Canada ind New Zeal.nd Hongkong Wharf are steady

Bould have R production $95-they are still the sub-capety of 400,000 tons a year. 201 ject of

-mat cornering operation

men believe the gentleman con- cerned must now be one of the biggest shareholders.

Long List

Building material net demand.

Dow Chermenis

General Foods

Edden Co,

Goodyear Tire

Hayden Chemical

t

Standard ecntinel closed 20 to 50 roina lower with no sales reported.

37.34

31.05

31.30

30.70

30.05 20.00

The lower trend was coupled with the foreign markets and indications of arbitrage ceiling here again London purchases.

Det ler

switching of Jan- provided

Nov. contracts other feature.

an-

for

Purchasing ngents domestle farlories continued to mark time, taking on just what

needed they

for Immediate All-in needs.

Election uncertainties appeared to be having more influence in shoping market sentiment, dealers thought.

Shipment offerings continued on the light side at prices rang- Ing to cent a pound above local buyer ideas. Spot No. 1 Rss WAS quoted nominally cents a pound.

SINGAPORE

No. 2 rubber per H. Nov. 00) No. 3 rubber per ih. Nav.

001

No. 1 rubber per ib. Nov, 404 Spot rubber unhaled

Blanket riepe ....

No. 1 polo crepe

LONDON

الاول

8341-87

70-77

110-117

32

The market was quiet with

231 spot quoted at 27 pence per Ib.

sheres

Climax Molybdenu Colgate-Palmolive Co. Commercial Credit Commonwealth Elec. Consolidated Edison Continental Oil at Dei. Crane Co... Crown Zellerboch Diamond Alkan

7112

47

4026

40

4+%

11015

34

The market was quiet and featureless during the day with

1936 fluctuation negligible.

Futures:

5312

Dupont de Nemour

No rubber per i

100

Nov.

as prices

Enstman Kodak

Dec.

Erie-Hallsvad

20

Jan.

#221-123 D245-023 unquoted

Family Finance Corp.

22

Ford Motor ....

General Electric

the day,

General Motors

Gen Pub, U, Getty Oil

day,

Goodrich (B. F.)

73

75%

10

Homake Mining Co.

Ingersoll-Rand

Prices:

of an in-

and Steel Co.

83

in Business Machines

488%

Int HarvaLOT

anit

No.

20-27

International Nickel

Settirment house term:

International Paper

1205

Nov.

2011-27

Stak

Drs.

27-2714

47K

Jan./Mur.

27-27 15

Kaina C. Power & Light Kennecott Copper

Apr/June

20%-20%

40%

Judy/Sept

2014-2011

131

Liggett Mayoru Tob. Co.

Oct/Dec.

20-2015

General markets, ell basis, sports;

Oct.

Loews Incorp. ...

10%

Nov

Lone Star Cement Co. Louisville & Nashville It

Dec.

20%-27 2015-2016

Estate crepe thin, Oct.

3

Lowenstein & Sons.

23

Mesh Iron Corp.

2

AŬnnesota Mining

AMSTERDAM

news

Miton Devropilent Monsanto Chemical Co.

Montgomery Ward

401

Motorola Inc.

National Cach ite

44

National Dairy Prod

40

No. 1 rubber

National Lead

100

No. 2 rubber

No. 3 rubber

in Tel & Tel

John-Manville Co.

companies Lockheed Aircraft

Rail grins ranged around point in New York Central

Dv dend and errnings effected n long list of special issues. Empire District climbed Ice jouse Street This would provide Paidistearly a point on stock split

with an exportable surplus,——

μέλος

and Simmons

nearly a neuter.

jemt on an extra dividend. Gillette fost close to n pujat on profit-taking after an announce- of an extra dividend. Lower dividends sent Undifauri down nearly a point and Elgin Watch more than a polat.

Docks at $43% are a quarter lower on the werk. Providents are also fractionally down.

Blue Chips Steady

MARKET STUNNED

The

Wpi

ол

In lanes, Hotels Bre steady. toneboru; Land down a half,

Bangkok, Oct. 18. up 20 cents Humphreys

Bangkok market Hongkong Realty steady.

Bire Chrs ree, as the whole, stunned today by the Govern teadly.

Both Lights and Elec- ment announcement of an in-

cr*.use in tries are slearly. Trams are a

import duty of. Telephones a shade corrugated and galvanised shoes, shinde better.

Star Ferry are un $1 on The Increases from 24 and middle rate and Yaumati 27 alongs to 3 balts, 50 salabgs. down $3.

The increase, which takes effect

represents Cements have slipped from Immediately. thetr $39 peak by a quarter, but a 14 fold Increas2, 12.911 there

Merchants revealed that large is no

solling evident pressure here, and unless it socks are still lying in band develops the share should re- for which the increased duty cover last week's price. Dairy will have to be pald--France- Farm and Lane Crawford

Batu

120.

Bih Burtro

Petroleuin

Syndicate

Ord.

Caprolidated Tin Smeltor

31/-

28/3/1

Franer & Nave Ltd. Onl

$4.00

Gammons (Molaya

Limited

Hongkong

Slangial

Banking Corp

Hongkong Tint atd.

Kemp d

SIMIS 5/90

ព៌ា។

31 93

Malayan Growedes

Now Berandah Rubber Co.

Lid

CERA

Petaling Tin Lid.

$3.40

RaiTien Hotel

Ez 50

$1,00

$34.00

ilonally off

$10.50 $48,25

$327

Lu Rubber Estates Ltd.

Bingapore Cold Storage

Bouth British

Lid

Ins, ratire

Straits Trading

amchip

meena Ord.

x-China

Wearne Bros. Special. "!

CHICAGO LARD

FUTURES

are Presso.

steady and A.S. Watson frac-

Oila wwe mostly higher with Atlantic Refining, Midwest and Pure Oll up around a

point Lach, Shell, however, countered with a loss close to 2. Motors were narrowly mixed.

National Steel Corp. New York Central Olin Mathieson atis Xlevators Owen-Illinois Glas Pacific Gas & ice. Pen Anjerlenn Airwaya Pararmint Pictures Parke Davis Co. Penny J. C. Co. Penn. Salt Co Philip Morris Procter & Gamble Co.

Pitburgh Plate Chi Publicker Industelee Pure Oll 1-2.22* Radio Corporation Pepublic Slee Reynolds Metal

Shell Oil Co.....

{Sinclair Qu........ Sony Mobilai

New York Stock Exchange | Saint Reg. Paper bond volume was $3,181,000.

American Stock Exchange volume was 550,000 shares, abou.

Dow Jones closing

In cottons, Nanyangs are five New York Foreign

Mall cents up while Textile Corpora-

tion aro steady.

In rubbers, Amalgamated have been active and moved up from $1.325 to $1,025 possibly on hopes of sh increased dividend.

Here is a market diary: Chicago, Oct. 18. Prices of lard futures closed Tuesday: Prices yield slight

ground. today in cents per lb. as follows:

$070,000. Wednesday: Quiet

Nov.

12.20

Dec.

13,70

Jan.

13.70

Mor,

13.70

May

13.82

*United. Press.

Exchange Rates

Bestnata was done in the local

exchange market!" shtu! troming, wt. the following rains)----

|'sterjing, bolon (per £1) EIZA

Australän. nctos), (per (21) 24% tournerien rubleh per 100)

am, ttant ·(per 100) lapore - (Brit)

no

Exchange

New York, Oct. 18. Closing rates were: Entlaqd official"

30-day futuros 90-day futures

+

<

Auziralla New Zealand T/O: South Africa" - “Pakistan

Others Wore Prese

day with change.

T/O: $550,000. Thursday: Duli, fentureless in but brighter In the

the morning,

afternoon,

$800,000.

NAMESAKES

T/O:

- Answern=-1 Archer, 3 Forest,

B: Robbery, 4 Quiver, 8 Green,

{0 Sherwoða, 7. John, a tolling=

In 9 Ishid

120 1... Robin Hood.

2.78-0/10

27736

were:

30 Industriels

20 rails

16 titles

I stocks 40 bonda

Comm. future price Index Comm wpc1 price Index |Moody's index

South Puerto Rico Sugar Bouthern National Gas Southern Railway. (Com.) Steep Rock (Torontoux.) Standard Brands averages Sundard Off of Cal

Piandaed Oil of Ind. Biradard Oil of NJ, 480.31Sterling Drug Co.

101.13 Stokely-Van_Camp.

Studebaker-Packard Corp.

Closing Prices

Aldon Inc. has Allied Chemiests Anja_Mille Inc. Allis Chalmers .......... American Airline,

3.32-14/16 AR Cable & Hadio Corp.

American Cyanamide C

2.18-10/10 Am. & Foreign Power

unchanged,alted

At Ms. J Fory American Metal" American Bmehing Am. Bugir fiftee American Tel & Tai American Tob. "B"

London Foreign Abbond Copper

Exchange

London,

Closing rates

Naw Mon

Ailes Cera, Mining Esaldwin-Laina-Eləri, Myltimore, &: Dilà: Basin Aviation Cor

Bethichem Steel Boeing Airplane

7834 | Borden. (The) Co,

Burrough ad

Canedler, Padño.

Hurd| CIT. Finano) Coars

172.09 Swit & Co.

94 Do,

183 73 de Water Anm. Of

101.57 Twenty Century Fox Film

418.30 Union Carbide

| Union Pacifé Rallway

United Aircraft

UB. Yo "1"

|UB. GypsuITS

11. I/ne Co.

UB. Smelting

833%|| Warner Bros.

31% | Westinghouse Electric

West Va. Pulp & Paper ...

UJIOMEDONA | SLEE

036

2016

$

401

The market was easier. Prices closed today In guilders Der kilogram, cif Nov. as follows:

No. 1 crepe

Selling interests lo sought confirmation

that of reports some 'southern banks were ft- their

10,000 148,000 21,000 100,000 Vaca

2,200

00,000

9,400

154,800 1,400,199 bales

NEW YORK

Prices of futures clozed today

La follows:

Spat

Dee.

Mar

May July

Oci.

Thed

Mar.

34.30

33.80.81

33.01-52

33.93

33.36-37

12.63

NEW ORLEANS Prie's of futures closed today

as follow:

Spot

Doc.

Mar.

May

July

Ceri

Dec.

Mar.

LIVERPOOL

32.05

The increased rate of pro- ducer toan impoundings, atid the possible effect of the soll bank programme on next year's

Future closings, in pence per production, had a lessening im-th, were en follows:

appeared discounted pact and

for the time being, sellers gaki, Producer loan entries for the week ended October 12 reached 202.246 bolcs, largest for uny week since the season started On August 1. Alter deduct- ing withdrawals of 210 bales, the not stock held by the agency totalied 1,090,140 bales com- pared with 767.464 bales to the sarne thine last year.

In addition. the loan stocks held included 6,047,490 bales from the 1955 loan programme, The certificated stock remained a 2,670 bales.

Month

December

March May

#

Volume Open interest

32,200 27,700

$30,500

$18,400

30,000

209,300

Did contret

Oct/Nov.

Mar/Apr.

Dec/Jan.

May/June

July/Aug

New untruet

Oct/Nov.

Mar/Apr.

Dec./Jan

May/June

July/Aug.

Egyptian Karak

Nov/Dec.

SAO PAULO

18823 88888

23.09

00.00

Futures closings, in cruzeirow

per kilo were as follows:

Dec.

Mar

May

July

Oct.

30.20 *9.39 In the US the average spot price was 33.15 cents. Sales totalled €4.170 bales. — United Press,

P.O BI EA

COMPANIES

PENINSULAR & ORIENTAL S.N. CO.

PASSENGER/FREIGHT SERVICE

Leaves London

Doe Hongkong

"CARTHAGE"

Salled

zath October

"CHUSAN”

→

"CANTON"

**CORFU"

413

12th

November November 7th November 10th December

Vi Houthampton, Colombo, Penang & Singapore,

Dumewards

"CARTHAGE"

"CHUSAN” "CANTON" "CORFU"

Leaves Hongkong Une London

ist November ath November

30th November

15th November 14th December

3rd December 10th December 14th Jantze37

Via Singaporo, Venant & Colombo.

FREIGHT SERVICE

"SOMALI" due 20th Oct, from UK

for Singapore. P. Zwet- "HINGAPORE"Jonds 251}; Oct.

tenham. Havre, London, famburg Hotterdam, Antwerp & Grange mouth

2 63 buster

2.01

2.85

3.35

United Pros.

"BURAT"

"SUBAT"

New York Sugar

Market

New York, Oct. 18. World No.

4 sugar futures ono 38 closed today unchanged to

point lower with zales of 170 73 con.radis.

2815

Domestic No. 6 sugar futurės closed 1 paint higher to 1 point lower with sales of 152 con-

*

3014 tracts.

E3%

#14

Trading buying in world con-

38 tracts was coupled with the 19% substantial

in the reduction

Sir Cuban surplus p.ocks.

"PIRALE: POSKILL-**

LONDON METAL

FUTURES

London, Oct. 18. Prices of metals closed today | in sterling per long for as] follows::

featured Domestic trading continged covering in the Nov- ember delivery before its ex- piration tomorrow.

Contract No. 4 (world)

March

May

July

Spot-(centa

Sept,

perib.

Cuba)

3.34

Contract No. 0

MAY

July

Bopt

Nov.

Spot-(tents per' it, eit

NEW YORK METAL »

PRICES

New York, Oct. 18. Phoca of metal futures closed Der foday In cents per 115" bà rollov

(October)

mber.

Pisani, October:

"odpper Oetobey

due 9th Nov, om UR

Inade 2nd Dec.

far Singapore. P. Swet- tenham Havre. London, Hamburg. Rotterdam, Antwerp & Grange rsouth.

from ..

SHILLONG"due 12th Dec

ALL VESSELS OUTWARDS AND HOMEWARDS

HAVE LIBERTY TO PROCEED VIA BURZ CANAL, CAPE OF 000D HOPE OR PANAMA

CANÁL AT OWNER: OPTION..

BRITISH INDIA S.N. CO., LTD.

1858”—– A HUNDRED YEANS OF SERVICE -- 1858

"BANGOLA" dan 21st Ont.

sails 22nd Oct:

"SANTHIA"

*

dus hth Nov. alls Gu Nov.

From Japan

fer Singapore, Penang,

Rangoon de Calcutta

from Calcutta'

107 Гарма

P. & 0./B. 1. JOINT SERVICE

"ITOLA" In Port

salis 19th Oct,

"ISMAILA" duo 28th Oct.

salm 26th Cot.

from Karachi & Cochin for Japan

from Bombay, Cochata. Colombo & Slozapore for Japan

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

"NELLORE all th Nov. For Sandakan, Rabaul

"NANKIN”

intje Bih Dec.*)

Brisbane, Sydney,' 20a5- borno de Adelaide va

fet Sandaken; zabaut, Brisbane, Sydney, Mel-. bourne, de Adelaido

All vetzels have liberty to eat at any ports on for our the route as the rosen as sailing neo anhjøet ta, channeĵor amendment, with or without notice."

For full particulars apply to: MACKINNON, MACKENZIE & CO. OF HONG KONG TID. Telephone Nos: 47721-4.

鄒