1957-01-30 — Page 4

New York Cotton Futures Finish Mixed

New York, Jan. 29.

Cotton futures today staged a smart rally over a shaky start, only to run into renewed hedging and liquidation and finish with mixed changes.

· Old crop July contracts reach- ed a new seasonal high while new crop months railled fully 51 a balo from the early lows.

01

0333

4415

all-tloze high.

10

Last year the world's

steel blerest

7

producer

Twenty Century Fox Film

Union Carbide

Unto Pitelfie' Railway

107xd 281

United Alreft

U.S. Toi! ***

U, S. Line C.

US Smelting

US. Gypstiin.

US Rubber

US Steel

Whner Bros.

Westinghouse Electric West Va. Pulp & Paper Woolworth

-United Press.

RUBBER PLANTER OPTIMISTIC

earned $347,864,150, or $0.01 share on record sales of $4,228,869,270,

In 1955, US sleei report- ed earnings of $370,099,388, or $0.44 a share and sales Of $4,097,680,287-United

Press,

WORLD RUBBER MARKETS

Day traders' liquidation at the close, however, eliminated the sain to close the market ret 5 lower to 3 polnis higher. Opening prices were up 1 to off New Orleans closed points. off i point.

New crop month reflected covering In anticipation “of " higher January parity price sup- port,

scheduled for publication

a

Lomorrow, and the ensuing an- nouncement on the Gove ment's interim loan rate for the new crop.

rivo

White expectations were for a In the parity base, sorpe un- the per- certainty existed over

which of the support rate,

experts makh could range between the legal minimum of 75 per cent and the 8234 base existing on the urrent crop.

Possibility in the Government's

psy cent

export programme of a subsidy arrangement also attracted local covering.

May July

October December March

May

July

LIVERPOOL

Futures closings, in pence për lb. were as follows:

Old contract

Mar/Apr.

May/June July/Aug. Del/Nov. Dea/Jan.

New Contract

Mar/Apr.

May/June

July/Aug.

Oct/Nov. Dec/Jan

Egyptian Karak

fan/Fou

SAO PAULO

#8628 THEIR

88448 22946 S

50.00

Futures closings, in cruzeiros

per kilo were as follows:

May

July

Oct. Dec.

prico was Agriculture Secretary

30.50

amquoted

30.60

In the US the average spot.

33.50 cents.

Sales totalled 23,313 tales, United

New York, Jan. 20, The rex rubber futures con- tract today 'closed 35 to 40 Mr Benson indicated his depart

Press. sales of ment is about to decide on such paints higher with 149 contracts.

a change. While some major farm

organisations and

January

March

May

July

November

September

January

31.40

31.95-32.00

31,35

33,00

30,60

30.40

30,20

101

makers from cotton arcus have argued against any change, the Secretary said cotton exchanges have urged a change to a subsidy arrangement, similar to opera tion of the wheat programme.

The corticated stock remains-

Penang, Jan. 29. An open market for rubber this

year gave grounds for The current January constract | "cautionis optimism. Chen Sun, President of the contract closed 35 to 40 point

Mr Soon expired at the close, Standarded at 2,950 bales. North Malaya Asiatic Rubber higher with no sales reported. Month

York Stock Exchango for 'Association, salu here |

bond volume was $5,240,000.

American Stock Exchange US

volume was 020,000 shares,

Dow-Jones closing averages were as follows:

30 Industrials

20 rulis

18 utilities

03 Mocks

45 bonds

Comm. future price index.. Commodity spot price index Moody's Index

Ailled

Closing Prices

Chemicals

Ailled Mills Inc. Allis Chaine

American Airline American Cable & Radio Corp, American Cyanamide Co. After. & Forgn. Power American Metal American Smelling Am. Sugar Ret.

American Tel & Tel American Tob. "B" Anaconda Copper Armeo Steel Armour

Canadian Pacific R.

Atlas Cond. Mining Baldwin-Lima-Ham. Canal cased 4 Baltimore & Ohio

Bendix Aviation Corp. British

bonds Benguet Cona, Goverment

Bethlehem Steel were VITY active, although | Boeing Airplane virtually all of the well-known Barden (The finished unchanged. Those that rulla pace, in did inprova closed DI 4 Cùng với có.

Cat. Tractor higher,

German Celanese Corp. non-assented

C.L.T. Finonetal Carp. Dawes and Young Loans yield-Chase Manhart, Bank Climax Molybdenum Commercial Credit Commonwealth Elec. Consolidated Edison

New York Sugared sterling while their of- Cinyster Motore

Market

New York, Jan. 29.

senteds dropped a few shillings. Colgate-Palmolive Co.

non-asserted Potash The Loans held unchanged while the Seven per cent assented jumped

two sterling centa rose

World No. 4 sugar fu- Press. tures closed today 5 to 17

points lower.

The domestic No. 8 sugar

futures closed unchanged 10 4

pointa higher.

and the 8 per one sterling-United

Singapore

The world contract regained Stock Market

a foothold after a weak opening

witnessed a drop of 4 cent a

pound, the daily permissible

Siampore, Jan. 30.

Ilmit. Brodscale liquidation, Brokers today quoted the sume of it credited to foreign following stock prices: account, uncovered stop loss

selling. Buying on technical

reasons and a

trade

demand

Opening Batu Lintang Rubber Co. Ltd. $1.83 British Borneo Petroleurn

Syndicate

... 01/00 Consolidated Tin Smelters

31/3d Orl. Dealers sald It was difficult Frer & Neave Ltd. Ord... $EXT

Fraser Neove 7% cut.

............. $4.00 prof.

brought the subsequent rally.

raw

to quote prices in the market pending some signs of Gammons (Malayal Limited #2.07 stability in futures,

Hongkong & Shanghai Banking

Corp.

Steadiners of the domnestic Hongkong Tin Lu contract reflectra reduced hedge selling and trade buying.

Futures:

Continental Out of Del. Crane Co..... Cron Kellerbach Duban Amer. Sugar Diamond Alkali

Dupont de Nemours

Mastern Airlines

Eastman Kodak

El Paso National Ges

Ford Motor

General Eleelte

General Foods

Gen. Pub, Util

"open

Mr Soon said last year the consumed more synthellt rubber then natural, but Malaya was

ted by having an

China Was

now a ble 470 92 potential market for Molagan 148.45 rubber

and he urged Malaya 18028 to acck potential customers for 9031 natural rubber in the countries 160.47 or Europe-Bouler.

429.50

9112

233

40 6011

US Economy

Moving Ahead

New York, Jan. 29. Following a lovelling in the 10% upward trend in the first aine months of 1056 the United Stries economy continues 16 15 move ahead at a good pace, ac- cording to quarterly survey of

Chase Manhattan Bank. 192

The Bank's report says avail.

evidence 85% able

indicates demand will continue to press against the United States ability 15% to produce at least for the im-

mediate future.

17014

61

0:0

10

4211

49

643%

04

the

that

and

March

May

July

Jomary

November

London Foreign Exchange

London, Jan. 20.

Closing rates were:

Volume Open interest | New York

6,700

Montreal

March

14,700 203,700

May

32.00

31.3

July

10,800 11,800

393.400

Amsterdam

180,500

|Brussels

Oct.

248,000

Copenhagen

31.00

Dec.

4,000

30.40

Mur.

2,300

99,700 30,700

Frankfurt

Milan

30,20

May

July

1300 1,800

22.300

Parb

Total

0,100 63,300 1,080.200 bales Vienna

Stockholm

Zurich

NEW YORK

Others

were

Proad.

35.15

ΕΠΙΣ

51.81

34.27

3365

The steadier undertone

of overscap flected the action markets, although overall activity was on the quiet side as traders anticipated the co-coming Prices of futures closed today Chinese New Year's holidays in as follows: the

Far East.

Spot Intra-dealer

Maret switching provided intruding

May feature, including exchanges of July May/March and exchanges of January and March contracts for physical rubber. Far Eastern shipment offerings were re- ported in fair quantity but above

workuble

basis, Domestic factory interest re- mained on a sub-routine scale. Locally, Spot No. 1 Ra was as follows: quoted at 31% cents a pound,

March nominal,

SINGAPORE

The market opened higher OD overseas advices and it ruled steady but quiet throughout the day with trade covering before the forthcoming Chinese Now Year holiday and renewed over seas interests for lower grades. Futures:

No. 1 rubber per 1b.

Feb.

Mar.

No: 2 rubber per b. Feb.

No. 3 rubber per

Feb.

No. 4 rubber per lb. Feb,

por rubber unbaled

Blanket crepe

pale crepe

LONDON

78-80

103-104

These factors are cited: Busl- ness plans to invest 11 per cost more in nów plant this year tang last, Federal, State lecel Government budgels call. 40% 201 increased expenditures of 45%

perhaps

05 $5,000

The market was firm with for the calendar year, spot quoted at 27.3/16 pence per

markets consumer

"firm 23 though

competitive sales

110

J

મૅક much

5*** 1957 autos

183

Во

Are

of

b. Prices: ****

No. 1 Rsa spol

Feb.

2714-2713

Settlement house termi

2736-273;

Mar.

are off to a fairly 45% good start but few observers think 1055 records to be broken. JUL

Overall activity in dollars is Dnow almost six per cent above but with higher year ago, prices accounting for more than one-third of the gain, he real

General Motors

Glidden Co.

33

Goodrich (8, F.) Co.

Goodyear Tyra

70

Gulf-Oll

Homstake Mining Co.

Hoyden Chemical

Ingersoll-Rand

and Steel Co interchemical Corp. It, Business Machines Int'l Harvester fum, International Nickal Int:) Tel **TRA Katka C. Power & Light Rennecott Copper

Liggett Meyers Tob. Co.

Lockheed Aircraft

Low Incomp. Vis Lobo Star Comment Co. Louisville & Nashville .

Montgomery Ward

Motorola Inc. ****AN?

$0507

Kempas L

$1.42

Linas Rubber Zetateni Lid. 2.60 Malayan Breweries ....... New Serandah Rubber

Lowenstein & Sons

Bewabi -Tron: Corp.

03.07

Minnista Mining

Miaston Development

Monsanto Chemical Co.

Contract No. 4 (world)

Petaling Tin Lid.

Raffles Hotel

March

5.00

Singhboro Cold Storage ·

$1.58

Miy

5.68.59

Bolt Tria Irinirance

"May July

7714

July

$.50-00

7612

September

8.00

Strpits Trading

-70

Marci

4.50

Steamship

4.45

United Engineers, Ord,

May

20otal write: "1.791 CONTACİK.

Ful

Barity

July

Flax cod

July

Oct.

Wheat No. 3, 160 cents; No. 14434 cents, United Press,

Spot (cents per 1: fots Cupa)" 0.50

Open infereal: 6,000

Contract No. 8(domestic)

March

Kaya

July

Beptember

Total Kalou: 137 contracte. Spot (cents per tb, elf NY

ex-duty)

1

0.08 contracts,

Urátoch Pre

Open Leskermat ; 0; 0,973

Wearne *Eroj.-14.

cundly.China Mill Special

•National Casta Beg." "A" National Dairy Prod. £39.50 National Løgn

Washington, Jan. 29.),

National Steel Corp. $15.00) zwar Sórk Centrálí

19.00

Olin Mathiesoņi vis Dile Mevator .......... Dert-Dino Gia Paclig. & Diep. Bar Americến Paramount Pictures The State Department and Patke pavler Co Penny C. Cp. nounced today that Italy has in- fan, Bali Co. formed tho United States Pilipi

Procter Gemble Co/1 Government that it

btrict its shlliments of Pittsburgh, leter Class

1955, PublicKee Indi veleons to the US during 1957 to Pure Oll 1,375,000 square yards-United Radio Corporation

Republio Atwol Press

Bernica: Metal

% advance is close to four per

cent-China Mall Special.

NEW YORK METAL FUTURES

New York, Jun, 29, Prices of metal futures close today in cents per Ib," "as fol lows:

15.600

Load

Zino Jan.

Jan Job.

Feb.

Copper Jan.

Teb.

Jan.

Teb

Jan.

ملح

15.40

18.356

13.15b

30.30D

30.000

101.75*

100.43b

101.Tob

1901 203.786

fotandard) 1 istruit); — United

LONDON METAL PRICES

London, Jan. 20. Prices of mbala Eldred today In starting per long top as fol

inspot

Land and

Sine 2nd half

· Lovers méltórs

700

Apt/June

July/Sept.

Oct/Dec.

General marketa, cif basis.

Feb.

Már.

Apt.

Estaito crepe

Tch.

Mar.

AMSTERDAM

י יר

The market was steady today. Prices "closed in guilders per kilograma, cit Sch. as follows: No. 1 rubber

Tubber rubber

сере

2.04 buyere 2.8% buyert 3.09 buyers 2.00 buyers

*Unitéd' Preis.

LONDON SILVER

PRICES

London, Jan, 20. The price of silver realus today 80 ction od per dine ounce fer spot and 7024 pence" fótforward. Unib

NAMESAKES

Că. Berengaria,

12 Denkmalion, 13 Flag, 14 Liver

pool, 15 Ribandyti

Sir Samuel Cunard,

May

-2.79–13/15-4.1936

10.60

140,00-140.2}

173014-10-30 1177439-13.443% $78034-1700

14.30-14.50%

72.00-72A7

17.2734-12.373% changed-United

New York Foreign

Exchange

New York, Jon, 29.

October

December March

July

Closing rates were: Canada

Prices of futures closed today England 30 day 00-day

Irna

Spot

NEW ORLEANS

***** $1,06-8/32 futures 2.707 futures

2.31

2.78-13/10

Uplied Prem

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