1957-04-24 — Page 1

London Mart Dull

Until Govt

New York, Apr. 28. Cotton futures today fluctuated indecisively text of the European Common rushed to the. ancient squimed

Business done on the Hang in quiet dealings. kong Stuck Exchange this Traders divided attention between May contract tuning aanvunted appro-evening-up before first notice day tomorrow and un-

ximately $486,000. Noen quota- tons and the morning's trans- favourable crop nows.

actions:

1K Bank Past Artu INSURANCES Untun

The rige generated activity and lifted turnover to 2,840,000 8st,

The industrini stock nurket ahorca, 280,000 ahead of Munday and heaviest since the 2,920,000 average at 401.88 was up 3.09 of April 10 which, pents at its best since January shares

live 14. Ralls rose mesil turn Win the scasion of the year.

uitles 5 to 72.99, best level LAND, ETC. Leadershi www top grade since March 20, 1931 and the average whe with Bethlehem Steel, Chrysler 65 stocks general

up 3.16 to its best since Jun. 14, Of a total 1,100 Issues traded.

WORLD RUBBER MARKETS

་

34 to

145.0

537 were higher, 374 lower, 278 ; itealty un hanged with 101 at new highe

35 a new lows.

Exchange

NY Stock volume was $1,993,000,

Anser lean

volume wie 1,920,000 shares.

to

Closing prices ruled 6 lower

to one polút higher, the market

Orleans closed

opened up 3 to off 6 points, New New York Sugar

up

2 to off 1

point

The Government weekly crop summary said soll preparation and planting again made little headway

in middle and west portions of the main belt due to wet fields and Intermittent heavy rains. However, less fre- quent showers permitted this 500 12.10 work to become fairly active in eastern bolt sections.

7.30 THU 2000 L T

400 7.20 1000 u 1000

ها دو

33522

texas

Private accounts Indicated 500 or 14.70 planting in some Texas sections may be delayed as much as a 20310-30 month in some localities. Four

10.30mm

counties reported new rains to six inches with

up some of these arcus saturated under a foot of rain in less than

week. Unexpectedly

,4

Sbarra Buyers Reflect MANKS

1650

sales

Lombard SHIPPING Wheelucka

246

(175 [13]

JYLA

905

HE Bide)

UK Land

(rler

DDUKS, ETC. K What XD Duck

X 12 10 Sovkleni

11 10 14 100

101

300 v 14.50

10 10

¿ Trusshare yo

10 70

1.35 75

1000 = 1.375

Amatr

$475

1.50

Tant

+35

163

bond | UTILITIES

#

Trum

21.30 2116 2500 @ 21.40

Stock Exchange

150 21.30

5:00 in 21 40

Star Ferry

Y4119921

173

107

200 102

C Light XAU 18 30

Electric

20.10

1300

20.50

Telephone

24

24 70

500

245

1000

24.

Alden Inc. Acy.

$175

INDUSTRIALS

highter

Allied Chemicals

87!2

Cement

1234

1230 < 121

With uates of 60 contrpets.

Allied Mills (ne.

201

Allis Chalmers

STORES, ETC

May

1280

Ainetian Airline

10. Dalay

1510

14

15

$13 14 00

Aiserican Cable & Radio Carp.

5

LORD 11!

July

Bent.

12.23.27

Aurrican Cyanamide Da

RUG u 15

Nov

33 91

Amer, & Forgh. Power

1704

100 14.0

Jou

31.30

Am. Mach. & Fury

Watron

11.40 11 GD

Mar.

31.50

261

Lotie (

20 28 30

May

ai an

COTTONS

140

Sonyung

@ 13 405

fono 0,10

13

1773

MISCELLANEOUS

25 points higher with no sales

2014

Enter

17

Anaconda Copper

INVESTMENTS

reported.

Anne Bleed

344

Yangtze

May

2203

Aroitus

Allted

100

Momh

Volume

Open interesi

July

32.40

Aflex Cona, Mining

Sept

24.20

Baldwin-L>lma-££mart.

RK & PE

Tavest.

May

27,000

100.200

10

400.10

Juty

8,400

108.200

Nov.

31.01

Jan.

01.70

Kaitunare & Onio

Ov1.

3,800

177,400

Des

10,000

171,200

Mar

3150

May

31 30

CHICAGO GRAIN

Mar.

4,000

83,200

Мду

1000

07,400

21

6,300

06,100

Ori

€1,500

20,000

MARKET

Tutal

78,500

1,000 bales

NEW YORK

New York, Apr. 23.

Rex rubber contract today

closed 16 to 25

Standard contract closed

$246.60

Closing Prices

American Metal...

American Smelting

A. Sugar Itct.

) Amestean Tel. 5

American Toli.

ינוך

102

ג541

2112

heavy sales of

the cotton, made under

and government programme, cports of a steadier situation in the cloth market, acted to re- strain sellers. Conversely, buyers practised caution in fol- lowing a post-opening rally, re- flecting continue uncertainty

over the

bobbed over

a range

price support for raw cotton.

1958 delivery October

at s a bale, Truders expected few, if initial tenders tomorrow against the May delivery. The

today position open

totalled bates. The certificated stock remained at 11,122 bales.

160,200

Market

New York, Apr. 23. World No. 4 sugar futures closed today 3 to 11 points lower with sales of 9455 oteviracts,

Domestle No. B sugar futures closed 2 points lower to 1 point higher with sales of eight con-

tracts.

Buys

London, Apr. 23.

the values but t

premium thay The Inter-cessional Committee Markets today were in an command fell to 8 p of the General Agreement on abyss of dulintas until the gov cent, suggesting that demand Tariffs and Trade (GATT) will ernment stockbroker suddenly was moderate-United Pros. meet here tomorrow to discurs | showed up. Everybody on the procedures for considering the floor stored on him, and then Market Treaty.

camer-post No, 1-where Bel tish Government stocks are dealt It is believed that Japan will. Yes, he was buying so every- propose the convening D{ abody with any spare cash bought special session of the 35 con- too. Warloan jumped 11/3 and tracting parties to GATT before Old Consola 0/9. the annual regular sesion be ginning next October 24.

The Int

Singapore Stock Market

Singapore, Apr. 24.

quoted, the following stock prices:

Brokers today Inter-sessional Committed

has 18 members, but it is ex- pected that some 30 members of the GATT will be represent- ed at the meeting by high- ranking officlats in view of the importance of the occasion.

Talk was that ho was can vinced that bank rate would soon be lowered again, reducing the

return

which the moncy market could

the make on

Ltd.

..

Petroleum

Tin Smeltern

Opening

$2.07 81/02

33/64 $2.4316

$4.06

$3.15

short-term investment of Batu Lintang Rubber Co.. huge surplus cash. As his | British Bornea

Syndicate ellents, the government depart

Consolidated ment, like to earn as much as Ord. possible on their cash, his buy-Fraser & Neavo Lid Ord

of gills today was a straight, Fraser & Nhave, 115% cum.

pref tip.

Cummons (Malaya) Lid. But elsewhere there was to Hongkong

Sheriphal Banking Corp. Chain

stores had a

* Hongkong Tin Ltd. lifted their Kempas L.tat. shares by 6 pence or a shilling Kuala Kainwar Tin

Lunas Rubber and there were modest rises in Malayan Breweries

Estates Ltd.

steel shares,

Middie but the

New Berandah Rubber East situation was slightly un- Lid.

One of the main difficulties posed by the Common Market Treaty in relation to the GATT

former's is the

association of territories with the overseas futuro customs union. The long folia which

Realising on, technical reasons, and complicated article 24 of

tone and a softer

in the raw the general agreement is the re- discussion on market, kept prices on the deference point for fensive throughout the session. this subject.-Heuter,

de- Dealings in the domestic

hardly broad livery enough to develop a feature.

were

LONDON METAL PRICES

most professionals Petaling Tin Ilafios Hotel nerving arul held off to await developments, Shapore Cold Storage

Oils we

were mostly quiet but Straits Trading Itoyal Dutch was active and Stralls Steamship'

52

with closed

of one- gain fourth sterling. Others gained ponoc or a shilling 6 pence. Suez Canal rose three-fourths sterl-

London, Apr. 23. Prices of metals closed today in sterling per lang ton sing to 50. follows:

Buyers Sellers

Contract No. 4 (world)

May

July

4.14

September

4.74-78

October

0.77

March

4.70

May

4,76

July

4.77

September

4,97

Apol-(centa per lb. fob Cuba) 6.00

Contract No. 0 (domestic)

Tin

Copper spot

spot

770.

3-month

770

7704

2398:

249

July

3-month

441

2415

September

Lead

2nd hair April 1114

November

5.00

Lead

2nd halt July 111%

111

ex-duty)

Spot (cents per lb. cif NY

******United

Zinc

2nd half April

99

6.00

Zine

rud

halt July

Press.

United Press,

Germans were. quiet and un- changed. So were the Japancas except for the 1800s which rose

both assented and 44. assented, Chinese 1925s lost sterling.

non-

marked

United Engineers Drd, Werne Bros.

Rumily. Mail Special.

41/d 0.00

1277

$3.40

$11.80

$51.76)

$10.50

$0.05

† edel. I exdly.-China

NAMESAKES

Angworg-1 Whimsical, Humour, 3 Article, 4' Loar, 5 Elia, 0 Style, 7 Hosoy, 8 Tales, Author. 10 Mary, 11 Macbeth.

Charles Lamb (English Essay-

Dollar Blocks were up. In adjustment to Wall Street ist).

QANTAS

33.40

35.21

34.85

33.00

33.07

33.04

34.99

31.60

X

Until the lust hour, the market proved to be a slow and featureless affair, with prices showing no deckive change. Near the close, dealer and con- mission house buying found

nelly of sellers.

demanti

The

a

reflected the relative scarcity af shipment offerings, plus a "touch of con-

Beneficial Finance Brix Avtation Comp.

Benguet Cuns

Bethlehem Steri

Boeing Airplane

Burden (3he) Gu. Burroughs At

Machine

Candian Pacie R. Case (1. 1.) Co. Cat. Tractor

Celupese Curp

G. 1. T. Financial Corp. Chase Manhat, Bank Chrysler Motors

Cmax Molybdenum Colgate-Palmolive Co. Culombian Carbon Co Commercial Credit

Commonwealth Elec.

sumer buying" and optimistic estimates of automobile produc- Consolidated disun tion estimate of 6,500,000 puisse-minental Oil of Dei.

Creuss

Demand Alkali

ger cars this year. Local inders Aner Sugar thought some of the strength in stock rubbed off on the rubber market."

Spot No 1 Rs loc::lly WON quoted at 3295 veals a pound,

SINGAPORE

opened slightly The market higher on better overseus ad- vlets but it cased slightly on very quiet market.

There was a fair interest for lower sheets with buyer un- satisfied at the

wert:

close. Futurca

No. 1 rubber per ib. May 021-023% June 92-93).

No. rubber per ib. May 10-D} No,

No. 4

Spot rubber unbaled

Blanket crepe

No. 1 pair crepe

LONDON

The rubber market was very

Daglar Aircraft Duw Chemicals

Dupont de Nemours

Bastern Airline

Pastman Kniuk

Fund Motor... General Electric General Fed

General Motors Gen. Pub, Dul. Gelly Oil

Glidden Co

Gaxlyear Tyre

Chicago, Apr. 23.

Prices of cutton futures closed

Grain futures prices were irregular on the Board of Trade

todkry is follows:

Spot

Any

today.

July

Ocluber

ing

Other were lower,

May whent contracts moved higher with light offerings and scattered commission house buy- wheat contructs

December

Maren

May July

October

El Pala National Cus

fly Finance Corp.

23

Early sales of red wheat to demand, exporters stimulated and after an easy opening May contracts began to rally at mid- morning.

NEW ORLEANS

rives of cotton futures closed today as follows:

Firstone Tyre & Rubber

Goodrich (B. F.) Q.

Gulf On

Heyden Newport Corp.

15

Hamestaky Mining Co. Ingersoll-Rand

201

July/Aug.

Inland Steel Co

HO-90

Interchemical Corp.

4.33%

Soybeans closing ratige:

oft

Dec/Jan.

Int'l Busine

Machines

071

14 to 2% cents.

Mar/Apr.

1/244-8245

irit Harvester

111-87

International Nickel

114

Wheat, No. 2, red

New contract

May/June

90-100

International Paper

0371

Spol

2233%-2343414

Juty/Aus.

Inti Tel & Tel

349

May

Oct/Nov.

John-Manville Co,

473%

2204(11) 2237(1)

Dec/Jan.

Kernece! Copper

Konan C. Power & Light

30

July

210

Mar/Apr.

120

Sept.

21214

Liggett Meyers Tub, Co

061

210%

quiet with spot quoted

at 271⁄2

Lockheed Alicraft

Corn, No. 2, yellow

pence per lb. Prices:

Loews Incorp.

Spot

13244

Ne. Ra spat.

273-279%

Lone Star Cement Co.

33%

May

Louisville & Nuaville H,

July

Settlement house term

McDonnell Aircraft (Am.

2011-201

Sept.

lows;

May

Stock Exp.)

Dec.

July

June

July/Sept.

271%-2746

Oct/Des.

271-273

Minnesota Mining

Mei Iron Corp.

Jan.

October

Ryo

December

Mission Developssent

Jan./Mer.

2015-2716

Monsanto Chemical Co.

May

General markets, elt basin, ports:

Montgomery Ward

July

April

2 buyers

Motorola Ine

Oats

MAY

Jurie

Estate crepe thin May

Estate crepe thick May..

27-274 27-2712

31

National Cat Reg.

May

National Dairy Prod.

July

National Lead

National Steel Corp.

127-1264 11021

71 601-15 Soybeans, No. 2, yellow

March

New York Central

304

AMSTERDAM

Olin Mathźemon

4011

Spot May

40

July

Sept,

2391 n 2381-* 2345-235 224

Nov.

Jan,

Barley

No. 1 rubber

No. 2 rubber

No. 3 rubber

No. 1 crepe

1.61 buyers Penny J. C. Co.

New York flour

301

38%

Continued moisture through- out the wheat areas influenced the dealings in other contracts. Rye and soybeans were lower. The price of vegetable oil again Influenced bean trading ant slow

121 demand for products discouraged

buying in that grain.

Wheat closing range: old con- tract closed off to 12 cents; new, off % to 14 cents.

LIVERPOOL

14.00

33 20

34.00

33.69

33.59

33.60

33,85

32.54

31.50

in

Cotton future closings, pence per lb. were as follows: Old contract

May/June

Oct/Nov.

20.50

20.33-34

27.19

28.14

20.10

20.03

2047

24.20

20.20

20.15

Spot

May

July

Orl.

Dec.

Mar.

May

Juty Ori

Ous devalom

Owen-Liinels Cla

The rubber market was quiet. Pacife Gas & Elec.

in guilders Pan American Airways

Prices closed today

per kilogram, cit May as follows: Paramount Pictures

203 buyers Parke Davis Co.

2.07 buyers Penn, Salt Co.

2. buyers Philip Morris .................

United Press. Procter & Gamble Co

London Foreign Exchange

London, Apr. 23.

Closing rates werg

New York Montreal.

Clo

MSAN

Parda Stockholm Zurich

2.78 10/10-2.70 2.07 11/16-267 13/16 140.923-140.2TIL 20.00-20.0012 178934-1280 00712-0071% 14.611⁄2-145131⁄2 3377-17TIE

United Press.

New York Foreign

Exchange

New York, Apr. 23. Closing rates were: Canada

-204-5/10

2.79 2.73-28/22

England official

30-day

#+ 90-day

Australia

New Zealand

Bouth Afrien Balghun UTURAY

Oštera und

270

2.70%

Pillsburgh Pinte Glass

Publicker Industries

Pure Ol*******

Radio Corporation

Republic Steel

Reynalds Metal

Shell Oil Co.

Beint leg. Paper

Binclair Of

Solar Aircraft

Standard O! of Cal. Standard Oll of Ind. Standard Out of NJ, Eleep Rock (Toronto Sterling Drug Co. Blovely-Van Camo. Studebaker-Packard Corp.

Toxar Co.

The Water Anu. 'Oll Twenty Century Fox Film

Union Carbido

Union, Pacine

Imited Alirerafi

US, Fall "B"

UB. Gypsim

U.S. Line Co.

'UB, Rubber

V.B. Ametting

UB, Steel..

Warner Bros.

Westinghouse Electrio

and Western Union Tel. Co.

0106-9/10 | War Va. Pulp & Paper

„United Press,

4315

5942

B3

200 lb. sack

22315-203 22812

130-140

United Press. $12.00n

WINNIPEG PRICES

Winnipeg, Apr, 23. Prices of grain futures closed today in cents per busho a xd follows:

2016

SAO PAULO

Cotton future closings, in

cruzeiros per kilo were as fol-

In

39.80

40.10

40.20

40.20

the United States, the average price of one-inch cot- ton al 14 designated spot mar- kels was 33.80 cents. Bal totalled 305,578 bales.

KARACHI

Spol cotton was steadler today while May contract was under pressure of selling. Prices In rupees per maund" were as fol- lows;

ELT K/LA

4F Bind roliger gin 200 F Sind roller gin'

may gin 280F Punjab roller gin a 87/15

saw gin

-United Press.

90/7

NEW YORK METAL

FUTURES

New York, Apr. 23.

Prices of metal futures closed

in

每日 per lb.

today follows:

septa

10.306

days

Dals

Sceony Mabiloit

SDIL

1011

Bouth Puerto Rico Bugar

3414

Bouthern National Ges

413 Ryo

Standard Brands

Southern Railway

Com.)

May July October

May

まず

July

100% 104%

October

103

004 Batley

Lead

May

3736

May

15.100

July

Zing Aprit

October

May

Flaxseed

Copper April

May

May

·July

Tin 22014

April

10.806, fatandon))

United Preso,

May

April

May

99.500 (strait) 90.502

Exchange Rates

231

Business (WID done in the local unofficial exchange market morning at ip following maten:- V.B. dallar, (per"${);" Sterling “nota" (per £1)

is

1400

Australian optim· (pes, #1),

Indonesiao,ualala (per 1007

451

lam teal (per 100) Singapore (truite);

April

announces

RESUMPTION OF

SERVICES

QANTAS is gratified to be able to advise its friends and customers

that services have been resumed, and wishes once again to

apologise to the many travellers whose departures have been delayed, and to those others in various parts of the world who have been inconvenienced by the interruption to our services. The public may be assured that everyone at QANTAS is eager to get things back to normal, and that QANTAS' world famous

standards of comfort and service are once again in full operation.

United Press.

LONDON SILVER

PRICES

London, Apr, 23., The palen'at siéves veia quoted nt 80.pepice Today: for spot anik

QANTAS EMPIRE AIRWAYS LTD.

Jardine, Matheson and Co., Ltd.

Telephone: · 03311, 80311)

and Lending Travel Agente