Strong US Economy In Autumn Wall Street Moves London Market
Season
THIRD
QUARTER
DIP DID
NOT OCCUR
Washington, Oct. 25.
HK Banke
BK Wharf HK DOBRE Providenį
HK Hotels HR Lands Humphreys HK Realty
★ The Share Market At
A Glance
Upor
Sept 27
Oct 4
Tot 11
1030
1020
1040
Oct 18 1640
`det 25
ddwn
1630
-$10
Lombard
4Zigb
442
42b
434
+$1
Union
1005m
1005
Underwriters
8.80m
8.80
1000
109FU
1
Union Wibout
23.806
23.801
22.700
1.com
28.60%
Wheelocks
9.16
9.20
0.05
7.15men
7,05
BID
9314b
42
4814
4551
4534
45160
13.00b 15.100
18.00
13.80
13.90
steady stendy -100 steady steady +100
15.20p
11.400
15.40
15.19
621
20%
1940
Ip.7.com
38.20
1,500
18425b
14250
HK Trams
23.70m
23.19
23.00
23.50
Mondy -100
Star Ferry
139
142
Taumatie
111
112
112
100
197
7
Ch Lights (0)
24.80
24.70
24.00
24.90
24.90
a
Ch Lights (n)
22.10
14.30
74.COb
26.10
Electrio
and
3114
2114
314
IK Telephone
24.90
24.30
14
15.10
EKTO
OL Cement
37
SE
20
10.20
15.50xd
มช.
15.50
15.50
15.10
---40%
13.90
14.20
14.38
12.00m
13,809
Lane Crawford
28.60%
29.40
29.401
$9.400
£9.40
steady
Yangtaxe
0.80m
1.80m
did
Alled
5.05
HK & FE Inv
10.50
10,40n
0.15n St 10.40n
4,00nxd
4.450
steady
4.95b
+2340
10.400
19,50%
steady
Textile Corp Nanyang
4.50
4.500
$85
7.40
7.50b
4.85
1.550
stendy steady
co-cum eal).
The US economy entered the autumn season in "continued strong" shape as result of heavy consumer
buying
business spending for record expansion, the
Commerce Department reported.
WORLD COTTON MARKETS
New York, Oct. 25. Larger ginning figures and
a smaller
trade de mand kept cotton futuros the defensive ido today
New crop deliveries fot
forward retreat which carried
on
October back to 321⁄2 condy
Jom of pound for a cumulative more than $5 e bale from the Denson's high made three weeks
I
Closing around the lowest levels the list nei losses of
7
to 20
While the Department
there noted 1121 elaborate, 11
wholesale price were "many" merenses in September and said "Subetamilat part" of the cost ut now business Inventories re- presentod higher price tags anther than increased stocks.
The analysis, contained in the Departament's "Survey of Cur- rent Business", also noted that the expected third quarter business dip did not occur.
Xmas
Record
Except for the steel strike in July, the Survey said, most in-
Over
Dairy Farm
A.B. Watson
WORLD
RUBBER MARKETS
Now York, Oet, 25. The No. 1 Rza rubber future contract today closed 25 points
with mies
Frate and production figures | hischar would have misined unchanged | truets, te would have increased the previous quarter. As it was, they bounded back quickly.
Jan.
14 میں
4,400 7.50
7.85
steady -750 abendy
Stock Exchange
Becalmed
By A SPECIAL CORRESPONDENT
The Hongkong Stock Exchange was becalmed this week. Turnover for the week 20was about the lowest this year-$2.86
million.
von-
Dec
The rex contract points higher to 15 points lower with sales of 150 contracta,
2370 closed
Nov
23 24
Mur.
2120
May
July Bepl
31.40
30,0
Standard contract closed 30 points higher to 20 points lower with rates of three contracts.
Dec.
32.45
Mar.
MAY
291,20
a more
July
31 80
Sept.
30.13
Nov
30.40
day's
Mennwhile, the US Chamber showed of Commerce forecast a record will points. | Christinas buying артее Opening prices were unchanged push 1956 retail sales to new
New to off 3 points.
Orleans high of "at least" 193 billion. closed off to 10 points.
This would top 1955 by some activity In the 7.5 liion, Sieckoning texilie markt, smaller loan entries than expected and in- erensed hedge selling all com- bied
hope
marie!
sentiment,
The Census Bureau reported ginning from the 1956 crop to Oct. 18 totallod 8,179,054 bales bales compared with 7,168,157
to the same time last season.
Statisticians book
view of the million
divided bale
12- was the poral- the Rovernment
The Chamber also said the boom is healthier than "1990 just year'», "flecting nonnal expansion in population and personal income."
11
the record price
In fact, il WRE $500,000 batter
about only than the те vious week when trading time was cut by two days because of
the Kowloon riots and
HOTELS DROP
In the dull conditions,
hallday,
there
was no incentive to buy the few shares offering and prices drifted down fractionally.
Brokers are at a loss to ex- A smart closing rally, pro- plain why there is so little in- coneeded, however, that
market at the by
Rnd terest in the A dealer mules pellect retati mcipated
momenti wili
demand, covering reflect scattered speculative"
15 Tally for the week WOR theclimaxed a moderately active and ulso suid Increases
31 down and shares steady, economy has continued to move mixed sion. After a steady upward, although more slowly start, prices dipped moderately then thun In 1985, despite cutbacks | below the previous close, in new automobile sales and a come-back to close around the
day's bust. in November. reduced home building pace.
the in- view was crease mainly reflected the fact that the crop matured this year.
crease.
One vonion
Kinnings suggested
bility of
trop
higher
esfirmato
The other
Loan entries
earlier
for the week
ended Oct. 19 totalled 248,422 Exalos compared with 202,240 bales in the preceding week. marked the first time this sea- son Impo roll below the Also, loan re preceding
possessions of 18,231 bales were more than three times the recep- tions of 4,021 bales reported the preceding wock.
41
The certificated stock remain- ed at 2,690 bales
Volume Open Interest
13,400 400,900
13,100
410,300
Month
Dec.
Star.
May
7,800 325,300
July
,500 150,000
Oct,
3,300
118,700
Dec
400
06,000
Mar
--- 12,900
Total
42,300 1,490,000 Bales
NEW YORK
Prices of futures closed today
as follows:
Spot
December
March
May
July
October
Decembur
March
NEW ORLEANS
Του
Anticipated
10
offeinis the In
TODAY'S SHARE PRICES
(From Our Correspondent)
in Line With Dividend News
..
New York, Oct. 25,
*Irregular
London, Oct. 25,
Developments in Eastern Europe and Wall Street had little effect on the stock market here today, with prices moving irregu-
Selected issues - many of them moring in line with dividend and earning news-held the spot-larly in quiet trading. Hght in a generally lower, quiet stock market to day.
the most Leading issues for part changed only fractionally as traders continued to move op- tiously in advance of the election and in the absence of any now market influenos, either favour- nhia de unfavourable.
Volume lightened on today's doyline-fourth in a row for the market--and this generally was interpreted as a favouratio fac- tort indicating no pressure against
the list, Turnover of 1,680,000 sharts compared with 1,840,000 yesterday.
to the Individual response host of earnings and dividend Whe Varied announcements with some issues going up and down in direct line with the news, with others selling off on apparently good news when it was evidently less than had been anticipated or when it had boen diagounted.
ململوم
05
Bethlehem Sicel feli 1%
the to $105
Lime approached for its director to tal dividend action. On the West Comm, after the New York clowe, it sold down as much as 4 points. The perennial rumour of stook spilt hed been circulating as pañal.
After the close the company
be
reported a sharp drop in third
Inverne gunter
as anticipated of the steet strike; higher sales than last year for the first nine months, and Chair- man Eugene G. Gface predicted record estes for this year and forecast full operations through The first half of next Directors ordered a $2 dividend, In the previous two quarters lifting dividends for the year to a record.
Other steels were generally.
Motors
were
narrow
the
easier on heals of lower earnings reports. Oils were narrow moving.
Isses traded, 534
1,103
Avcu, were lower, 305 higher, General Motors, Jersey Standard Business done on the Hong- toppet the active list.
this Now York Stock Exchange
kon
Stock Exchange
Buyers Hellere to
BANKS to bank ..
is INSURANCES Upton ...... SHIPPING Wheelock.
Baba
3040
1000
6.00 1.00
96
t
4535
Owen-Ilinois Glass Pacino Gas & Elec. Pan American Airways Paramount Proturos Parke Davis Co. Permy J. C. Co. Perin, Baft Co. Philip Morris
Proofer & Gamble Co. Witteburgh Plate Class Publicker Industries Pure Dil ...... Radio Corporation Republic Steel ReynoMa Metal Shell Oil Co. Beint Reg. Paper Sinclair bit
Bocony Mobilon South Puerto ilico Bugar Born National Gas Southern Hallway (Com Step Rock_(Torontoëx. Standard Brands
Standard Oil of Cai.
tarada bil of Ind Blandars Oil of NJ, Storing Drug Co. Biokely-Ven Camp. Studebaker-Packard Corp
witt & Co.
Texa Oq.
Tide Water Aim, 'on Twenty Ceptury Pax Mus Union Carbide ....... Union Pacifle Railway United Akersti
US. Oppsumm
US. Rubber US Smolting UB Bleef Warren Brow, Westinghouse Electric West Va Pulp & Paper Woolworth
*
United Pre
Moderate nelling hit indur- trials with the biggest losste of around a billing appearing in
603 Brlish-American Tobacco and Industrials Imperial Tobacco.
or the whole, however, fell no 14% more than sixpence.
Investment support boosted Government bonds
471 Britch
4014
21/10 to £%.
Royal Dutch 0336 with a loss of
led oils
£4.
lower
Others Duliar
76% down about a chilling. slocks also enged.
Profit-taking hit Iron Curtain and Baltic bonds in the foreign bond section. Budapest 40 fe £2 and the four per cents fell £1.
Rubber' and copper issues were ensler, while gold and ten shares were about unchanged. United ProS.
NAMESAKES
Answers:-) Justice, 2 Louis, 3 Dauphin, 4 Orleans, & Visions, @ France. 7 Stake, 8 Armour, B Victory
Joati ul Are.
PO B·IE.A
COMPANIES
PENINSULAR & ORIENTAL SIN, CO,
PASSENGER/FREIGHT SERVICE
ORWAYDO "CARTHAGE"
*CIJURAN
KCANTON"
"OORFU"
Lesvos London Duo HongkoRE
Salled
7th Povember
10th October
4th Kovacober
12th Normanbey
10th Degember
Vis douthampton, Colombo, Penang à Singaporn.
Homeware
481,00
20 ralla
130.42
is utiles
05.70
"CARTHAGE"
45 stocks
40 borda
“CHUBAN"
Comm. future price yɔdex.
Comm, pot price indr
Moody's Index ...
166*** 417.00
"CANTÓN" "CORFU"
three higher. Last week it was morning amounted to approxl-bond volume was $2,620,000.
six mately $510,000. Noon quota- American Stock Exchange 14 steady, nine lower and
tions and the morning's trans- | volone was 840,000 sharm. higher.
Dow Jones closing averages A few parcels of Hotels were actions:
were Shares sok during the week, bringing
30 down
centa Traders described the recovery | the price
30 industrials $15.10. reporta of increasing
Wheelocks wased slightly automobile production and
Their annual meeting $7.05. settlement of the administration
recent strike
to be held on Wednesday, Dnd busines leaders
if the Chrysler plants, plus
Coments allpped 20 cents to spring expected the general level
continuing uneasiness
over the of business lo dip during July, waterfront labour situation and $38. Dairy Farms lost 40 canta to #15.10 pnd Electrics a guar- August and September..
foreign political developments.
tow to $31. Figurey
avaliable employment, Income, produc- lion and sales show that the anticipated dip did not come even though the steel strike did hold down some of the statistics.
The official outlook has been strong finish for the for
-United balance of the year, Press,
11
Now
on
CHICAGO GRAIN
Graln
MARKET
Chicago, Oct, 25. futures were irregular
on the Board of Trade today
34,350
33.82
33 Rå
33.20
32.48
und the remainder of
TLBI
about steady.
34.12
with when higher, rys lower
the
Shipment oferinzi were moderate and rather high- priced, but commo brokers
summo
discretionary thought smies were made as the terminal market moved higher,
Factory demand in the
remained slow. livery market Spot No. cents,
1 Ras was quoted $3
SINGAPORE
Both ferry shares are lower.
RUBBERS BRIGHT
x All..
DOCKS, ETC.
Banks and Unione were frac tionally lower.
LAND, ETC. HK. Bate!.. One of the brightest spots on fic Land ..
Amalgamatod | Humphetys the market was Rubber which rose another five
BURBERR cents to $1.673 during the week
a turnover of about 124,000, frust shares on hopes of a higher dividend
on a
14- 15,20 0% 0%
Closing Prices
Alden Inc. Acy. Allied Chemicals Allied Mills Inc. Allis Chalmers American Airline
American Cable
*Corp.
STARTING
LeRyan Bobgkong Due Londos
1st November 30th November 3rd December Sih Neversber 16th Movinbar lesh Debember
14: JevinT 14th, December
Vis Singapore, Penang a
FREIGHT SERVICE "BINGAPORE” Jaadı 26th Oct.
Radio
"SUBAT"
"SUBAT"
American Cyanamide Co.
Amer. A Torgn, Power Am. Mach. & "ary. 100 American Melal
3.09. 1079 30,000. 2.60 1.871% 2000 360
105
1.05
UTILITIES
The name of Mr E S. K. Ho-Tr Tung uppears as a new member Star POTTY of the Stock Exchango this week. He is trading for his own Cu Arm, E. S. K Ho-Tung & Co.
The market opened steady on trod buying against orders, Prices sagged slightly at noon and Improved in the afternoon
Homewod trade buying. weck
ora Futures:
No. 1 rubber per
November
December
January
Here is market diary of the Telephone
DIARY OF THE WEEK
ib.
Friday: 932-04 004-001 unquoted Monday:
No. 2 rubber per tb. Not. No. 3 rubber per lb. Nav. pa
Whest advanced during the No. 4 rubber per lb. Nov. 87-87
final minutes of trading
ότι
rubber ünbalad Spot Blanket grope ....
Prices of futures closed today buying and with the exption | Na, 1 pale crepe
as follows:
Spoi
December
Marchi
May
July
October
December March
33.30
33 79
33.10
33.00
23.05
350
32.54 37.68
LIVERPOOL Future closings, in pence per
ib. were as follows:
Old contract Det/Nov.
Deo/jan.
Mar/Apr.
May/June July/Aug.
New contract Qot/Nov.
Deo/Janu
Mar/Apr. May/June
July/Aug._****
20.24
of the July delivery, made new
highs for the season.
weak
2016 245,00 21000 @ 2231)
300
200 11 307
$ 26.00 asks ** 4100 2 21.76
(0) 24.00 2500 1200 1 25
560 à 24-
86 301⁄2 1000 # 1914
500036
KLOP # 3834
INDUSTRIALS Cement
• 20
18 2640 1000
13.80
Prices unchanged. T/Q: $830,000. Dull, T/O; $685,000, | shope Market lacked in- 334-473} | Tucsday:
Rentive.. T/O: STORES, ETC.
Diity Woon φαίστ
T/0: $305,000.
COTTONS Texilies Dull and feature- Nawang less. T/O: $308,000,
REVESTMENTS,
Afied
70-77 118-117
Wednesday:
Thursday:
LONDON
The
The market was steady with trend in 170 futures during most of the spot quoted at 1⁄4 of a penny to sceston was caused by Uquida 27 pence. Prices:
2716-27% tion, while mid-morning hedg. No. 1 Raw spot ........... Bettioment hotm terra: ing and profit-taking depresie, pici
Jan./Mor ed corn and oat futuros,
Apr/June Wheat closed up to 17%|| July/Movt. centa, soybeans up 4 to 1 Oct Dec cents
24.70 Wheat, No. 2, red
DHE DIT 24.00 Egyptian Karnak Nov/Dec. 60,00
SAO PAULO.
24.94
34.83-68 25.70
Spot
25.60
Dec. 232%(1
Mar.
May
July
Sept.
Corn. No, 2, yellow
dpol
Future closings, in cruzeirog per kilo were as follows:
Dec.
May
14436
December...
31.50
July
Mareli
Bent
May
July
Deo.
October
Dec.
Mar.
Exchange Rates
Boybeans, No. 3, yellow.
NOV
Business we done in the local
MAR
Senarai macices, cif basis, perlás
D'uv.
Der/Jan. Biale evabe thin Nov.
thick
AMSTERDAM ·
New York Sugar Market
4.20 4.30
15,10
American Smelting Am. Bugar Rot. American Tal & Tel American Tob. Anaconda Copper Armco Bleel Armour
Baldwin-Lima-Ham.
Baltimore & Ohol Bendix Aviation Corp. Benguet Cons
Bethlehem Steel Boeing Airplane Borden (The) Co.
Burroughs Add Machine
Canadian Pacific R
Cave (J. 3.) Co.
Ca. Tractor
Celana Corp.
C. 1. T. Financial Corp.
Chose Manhet. Bank Chrysler Motors 190 19 13 49: climax Molybdenum
Colgate-Palmolive Co. Commerstal Credit Commonwealth Elec. Consolidated Edison Continental Oil of Del. Crane Coxon Crown Zellerbach Cuban anor, Eurer Diamond Alkit Dow Chamalenie Dupont de Nemours - Eastman Kodak
Paso National Ga Frio Railroad ..... Family Finance Cory, Ford Motor · ******* General Electric General TOODE General Motor grated a de 1,5 | Gm: Puh,: Uti. Singapore, Opt. 20. getty on [Glidden C Brokers today? quoled, “khir doodrich. (1.7.) Co.
Singapore
Stock Market
New York, OCL, 25, World No. 4 sugar", futures #%%-20% j closed today. 2 points higher to .1 point lower with sales of 10 contracts, as RAVIN
Domestic Mo 9 safar futuras closed unchanged to 1 point Tower with mier of 15 contracts. Strength in the raw situation and continued nervoumes over following, aboção” neliços.
threatened the
waterfront
Batii Liating : Xal strike on November 1 brought dotive buying by commission | Malay
Consolidated
The market was steady with quotations att umhanged since yesterday United Press,
New York Foreign 4.00 ont pound, and 465
Exchange
Now York,"
.26,
on the basis of cente a pound delivered, eiln blissed the hither basis' stade November, 1982,
Futures:
Contrast, No. 4. (WOLLEY March
{Food:reer:Tire
· Opening Literdam Chemical
Hochstake Mining. Co. #1.35%) zngersoll Rand
Friland: Steel Co.
s
Insta: Raminame Alachines a
Ini'l: Harvester
International Nickel
International Paper INCH TALK Telei ¿dian-Manville Co. Cibaka C. Power & talghit Kennett Copper ... Argett Meyers Tob. Co. Lockheed Alforaft Lowwa lncorp, Lone Star Cement Co. Louisville & Native
hiteln“ & Bona;
Colombe.
for Singapore. P. Swet- tenham. Havre, London. Hamburg, Rotterdam, Antwerp de Grange mouth
9th Nov. Erych U.E.
loads 2nd Dad
"SHILLONG"ave 12th Dec "PINJARRA" due 17th Dec,
for Singapore. P: Swet- tenham Havre, London,
Hotterdam, Hamburg,
Grange-
Antwer? mouth.
trum U.K.
CFO ..
ALL VESSELS OUTWARDE AND HOMEWARDS
TO
VIA PROCEED
BUZZ. HAVE LIBERTY CANAL, CAFE OF GOOD HOPE OR PANAMA CANAL AT OWNERS OPTION,
BRITISH INDIA SN. CO., LTD.
1836 --- A HUNDRED YEARS OF SERVICE — 1838 "BANTHIA” due 5th Nov.
Balls ein Nov.
"SANTHIA” due 25th Nov. Fails 20th Nov.
from Caloutta
for Japet
from Japon
Jar Singapore, Penang). Rangoon & Calcutta
P. & 0./B. I. JOINT SERVICE
*IBMAILA" dus list pet.
satis 2nd Nov,
duo lat Now. sažis, 2nd Nov.
from Bumbay, Cochin, Colombo Singapore for JapaO,
"OZARDA"
from Japan de Sidegbal for B'pore, Ft. Swetlan ham. Pening, de Madras
EASTERN & AUSTRALIAN S.S. CO., LTD.
"NELLORE" sails 8th Nov.
#NANKIN
for Bandakan, Babrul Bisbane ByODY | MK1- bosanal Adelaide
stils pui Deo for Bandakan, Rabru), Brisbane, Bydney, Mel" bourne Adelaide
All vezels have liberty to call utƐaly; porty on
for full particulars apply to: MACKINNON MACKENZIE & CO.
OF HONG YANG LTD. Telephos Los 27721 1
I
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