THE CHINA MAIL, FRIDAY, SEPTEMBER 5, 1968.
FIRM TREND ISLAND WAR HITS MARKET
MAINTAINED
IN ENGLAND HONGKONG
London, Sept. 1. Stock markets maintained their firm trend today but conditions were not quite
so buoyant ns at the start
of the now account yester day.
However, encouraged by the 10 August gold 31 Teserves figures
STOCK EXCHANGE
Our Own Correspondent
Business done on the Hong- king Stock Exchange this not- dolloring amounted approximately
$384,000. and a further
Noon quotations and wall the morning's fratisactions were:
Shares Buyers Sellers Nas
evance yesterday on Street, the stock exchange re- mained cheerful and numerous galus ween scored by gills, in- Custriala and gold shares.
Government securities male further headway on itivestment Fuying and closed firm with a advance of 1/16 to general 3/10.
BANKS
THE Bank
Fortiga bonde and rails re- Providen
doilur mained subduct bul Blocks mostly moves! higher,
More Selective
It:ying In the industrial murkel Was more selective than recently av gain weru by no mean widespread.
bine chipt recorded ]: chunte
The Kaffir market improved to the moderate In respon Lone of the new Prime Minister Henrii Verwoerd's Arch and ults in response to the Germa luun lo Anglo-Ameriran poration and the Dion
Trust purchasing policy.
422
73259 103 4 133
INSURANCES Bl
72
Lombare
216
SITING Wheelock
510
1000+ 316
DOCKS, ETC.
$3
KEK... $21
10.... 10,90 11 20 LAND, ETC. 10 Hitel Healty. RIBBER Annig....
600
31.
10 70 20 19
30 at
1525 155
Trust....
130 13
A. Towel 2.35
Sungla 130 22
OTALEVIES
Tram XD 6. 24.40 24.30 Star Ferry
RED 5000 14
گیریم المرور
5:00
Majority Of Stocks Have
Large Losses
By A SPECIAL CORRESPONDENT The "wait-and-see" attitudo that prevailed on the Hongkong Stock Exchange last wock changed to solling in the latter part of this week as tension in the Formosa Straits sent prices down.
Stocks plunged as the selling gathered momentum and by The cluse yestenlay the majority of shares regis- tered large losses over last week.
Some skoeks wern Nickling! Cover 10 per cent on their cur-
rent prices and look extremnly genic for buyers
(: www learned TE
Ho
Juanket might have adayed an it 1025) was last week when prices were
well-maintained in < larg block of holdings had not been gus ma the market during the Breek. This was jus the thing to start the selling and prices silid.
15JG
All Time Low
Hongkong Babka lost $30 on
o work cled at an all time 875 for las vise after stube rather heavy selling.
CA
H
16.90 17.30
400
Cor
Road
Klatre
XA 23.00 Mano F Telopixne
INDUSTRUALS STORES, ETC. Dairy
24.00 22520 1000
40
300
23.10
16.90 17.10
Lane, Craw, 13 kanporanna.
COTTONS
Plus renaled further on pro-
fik taking bat other base métals heki steidy,
Oils Buctuated within narrow #100 limits and closed with change Rudders and teas in- proved on a selective demand. -U.P.I.
UK FREIGHT
MARKET REPORT
London, Sept. 4.
The volume of chartering on the Baltic Exchange today again showed no
expan- sion, and the general demand for tonnage can- tinued extremely small. The future outlook chartering was
for roal very meerlain
following reports that Germany would buy no further coat from North American for an
definite perini owing to the large stocks on geist.
hand at pre-
Unjon
I Docks
Provident
HK Hotels
Pago 9
Mutual Fund Quotations
The following fre quotations of Mutual Funds in the United States in American dollars. The buyers' quotations Include cum- mission:
Am Bu Shas
* The Share Market At A Glance ★
Up or
Aux. 7
Aug. 14
IK Bank Lombard
тесь
170
Aug. 21 Aug. 28
705
Sept,
Don
765
236
281
281>
286
746
743
741
403
Wheelock
6.04
6
0.00
6.00b
135
2734b
72b
5.80
--$30
HK Wharf
101s
300,
1000
1000
Cho ---$1,50 -100 steady
alipal Fund# Aniliated. Fund
Sellers Vets
4.03
4914
42b
*4242
4214
424
--150
401
4 32
Ax Hugs! A
HO
13
11.80
£1.80
11.65m
11.20
4to
Ho-tta Fund
1733
21.50
21.40
20.00
20.80
20.20
Hullark Frind
12.4)
1357
UK Landy
3141
Canada Gen d
32
32
3214
3114
1:132
-750
14.40
Conection Fa
UK Really
2.500
1.40
1.40
1.40
1.35
---50
Eda Int flow th
733
1123
JIK TIS
2615
20.10
25.30
25.80
25xds
-200
Chemical F
17.00
12.24
8lar Ferry
1121
110mxd
3100
110n
111
+$1
Dividend Sly
2.70
10.30
Youmalis
95
96
04
0435#
nieady
17.10
17.50
17.40
.17,40
17
-100
Eaton & stack
1406
27.40
$7.40
27.40
38
27.40
-40c
FIFPA
TAK
2014
26.60
25.40
25,00
23.20
-800
Founders Mut Fund'
11.3'
tom Block
22.80☐
22.70s
22.20
22,10
22.10,
Bleady
17.10
17.30
17.30
17.50
Hamilton FEST
11 DA
16.30
---600
10.71
10.800
10.806
10,70)
10.70b
10.50
-200
b
10 90
14xd
13.80m
13,30
15.30m
13.10
---200
J Trusion
A
оп
Са
1.86
5.89b
5.15bx
steady
24 37
11.20
4.530
4.55n
4
4.05
<b
-50
11.31
10.000
10.60#
0.80xd 0.800
9.80m
slady
G.27
11
3.80a
3.85%
6.00
6.96b
4.00b
3.806 6.93b
3.70
-100
24
221.44
1172
7.05%
+100
1300
417
Ch Light
Eleckties
11K Telephone
G. I. Cement
Dairy Farm
A. S. Watson Lane Crawford
Yangtze Allied
UK & FE Inv Textile Corp
Nanyang
WALL STREET
Dreyfus Pi Eston &
Bol
Fidelity Fund
Int Fumi
fast
Growth
acor
Keystone Cas Air Inv Tr Mara Growin Nut Bee Growt Scudder Slack Tey Et Ed Value Line F Wellingen
חtני
تو کرم دور
0.20
STOCKSICI EUROPEAN EXPANSION
UP IN YEAR'S HIGHS
New York, Sept. 4.
Stocks held around the year's highs on moderate turnover
early today.
Prive movement generally was Barrony, with some profit-takley? ilmakong-Hotels the tnost cident in those haares which Bad Regular en for the gout few prend the list to a new high for
montl
ihe year yesterday. ere den 69 cents B) 320,180), lit J! SAMP mikely
ERMAN 24 t 20.
20
31.42) 26.56 AM 1
INVESTMENTS Vangis.
XD
Allies
5.15 0.35
Fivever, there were good
that reports of a talisoit in hotel | gains noted among some in- 30 percig brause
MALAYA HAILS
TIN RESTRICTION
Kuala Lumpur, Sept. 4. The nations of United King
dom, Holland and Den-1 mark in restricting pur- chases of Russian tin was') hailed in this big fin pro-i ducing country today.
Warding. Douglas leader of the Malayan tin min- ndustry sid "this means the menace of farther Russian Jumping has iwen removed.
Sir
A carge of en was arranged! Sir Doughs attacker! from Haington Roads to Rotter-
21123-
of the Fu;-
tekoste Mile leinsoon waturely ex- plain the fath. Peninsula's book- ings 1 hra. ure Jeparted to be Kael.
The audits sexion also suf- fered gathe Amelly from the with Light,
"Someone sat my money would work for me!"
- dumping of 17,000 Mons Eletries and Phones all losing ton for Otto- on the world market last year, 10 rents on the week. dom of 78 per
and resulted of heavy ber, and
Cargo grain from the Gulf to Antwerp, big
In or mines Tally for the work was two shutdown
j211
North higher, five unchanged and 13
conspared ut wer
Bve sylth or Rotterdam at 4.19 dollars per Malaya, throwing thousands
higher. 13 unchanged and seven workers out of job, for September/October.
Turnover was Sir Douglas said the restrie- lower last week.
by the United up from $1.80 million 10 $2.72
Den- million,
Covering
17
to
disclosed tions imposed reports that a vessel had been fixed Kingdom, Holland and for 610,000 cuble feet of copra | mark "will 15o prevent any fran The Philippines to further attempla by Russia Antwerp/Hamburg range al | savolage the International Tin 13 renta
cubic feet Council's plan to stabilise the F.O.B. terms October.-V.P.!, price of tin
Meanwhile price
the metal moved up slightly on the Agreed Merchant Rates new restrictions by Britain,Į
Holland,and Denmark bul Un Swiss Franes Maximum Sell-elrcles foresee no big jump in
the immediate future.-UPJ.
ing 75.
of
"MORE SECURITY"
78 Min.
Fax
-་ ༩
JOE IN
Kombard Banking &
par Wise ladest...
the hundred and feeds
forstar
shillings.
Writing of opportunities
for investors, Edward Westropp,
City Editor of the "Sunday Express", said on 4th. August, 1957
...
Per
Be discriminating here. sonally I like a little less interest. and a lot more security than aome of the tiddlers offer.
tntmtest pold without deduction of Unlind
Kingdom Income tax
Send today for your copy of “Bank
Deposit Account" Booklet No, AO, 74
from General Manager
52
LOMBARD BANKING
LIMITED BANKERS
Fload Office: TOWBARN MILITE, SYNDON STREET
PARK LANE, LONDON WI Tufcohone: WKU 4111 Që ta©
Associated Dank:
LOWWASH BANKINĖS
E160N YINLAYSON USE, RAFFLES QUAY REGAPORE. TALARINI?" 1982
At War led-While Banking and Finance Organisation
Dominated
Here is an Ice Street observer's account of the maritel:
to
The Stock Marke continued be domfuated by the political situation and with operators adopting a cautious altitude trading has been on small scale with the over-
ividual speelarties-the Kroger Cou up B: Lukens Steel, up 144: Goodyear Tyre & bigher; International Paper 4 higher.
Articom Carpet, recent at- fraction, backed off 23% polnka to $20 and International Salt hammped over Uhren points, Grayson Robinson derlined a point,
Were Easier
Stores
CANADIAN WHEAT
CROP SURVEY
Ottawa, Sept. 1.
A Government survey today predicted a 1958-59 wheat crop of 339 million bushels, down nine per cent from last year's estimated 371 million and 31 per cent below the 1948-57 average,
The Bureau of Statistics, In-
| Bs August forecast of principal
Leading steks were easier enfield exps, said that, considering POOR RADIO
bace, mulors generally fast fractions, U]: ', although Studebaker-Packard and Ameri- con Mitors edged up. Ols were narrowly mixed,
Haile heid steady and wittes were little changed. Common wealth Edison dippert en reallsing after is run-tip on Yesterday's good dividend news. Dow-Jones closing averages
were:
industrial
20. rats
15 utilities
65 stocks.....
40 bonds
Com, future price index
Clusing Prices
Auer. Tel à Tel Allied Chemical Belfieliem Steel Can Pacie Diamond Alkatt General Motors
int lekel
513 44
133 03
10.05
178.12
the extremely dry weather con- ||
lions across the prairies this summer, averige vleids should Be Prematkably good," it add- ed, however, that a forecast depended favourable weather conditions throughout the re- mainder
and of the growing harvesting season.
Forecast
The survey forecast eals and batley crops of 384 und 220 mil- en bushels respectively, and a finx crop of 22 tullion bushels. 15, Autumn and spring rye were esti. mated to tolal some eight mi- lion bushels,
97.37
Should the
Bureau's forecast
in regard to wheat prove accu- rate, it would menn the smallest crop since 1937, when 338.5 million bushels were harvested. The survey attributed the de-
creato from last year to a one per cent decline in acreage and a reduction in the average yield per acre to 10:2 bushely from
17.6 bushels 1957-50,
$ 18012
18
*** 41%
8312
Kammerati
93
Fastman Kenink
121
New York Central
US. Rubber
45%
U.S. Steel
1024
577
43
67%
107
Whical production by pro-
102
S
10E
vince, with 1957-50 estimates in parentheses, were forecast 5:
67
Woolworth
Allied Mill+
Amer. Brake She Amer. Cable Radio Amer. Cyanamdi
Amer. Höttum Product Amer. & Fore. Power Benguet Cons, Borde Co.... Burroughs Corp.
all turnover only amounting / CHIT. "Finance Chip. to $2,723,000.
flex
Prices were fairly well msintaltieď during the kalf of the week but lowards the close an easier tendetier developed with most secilens registering further tossĖS,
Hongkong Banks
were marked down to $735 und uitilities teclined
maderaic
gradually
sections.
Dressuro spread to
Market Diary
Calf Packing Corp. Chret Dealiody Commercial Credit Cont. O
Dumond Satel
V Pazzo Natural Gas General Tyre & Rubber Grumman Ainult Gulf Od
Inter Chemical Better' per Laskett & Myres under | Preahto Chemical whleh National Biselt other National Steel
Here is a market dirty of the- week:
Friday:
Monday:
Tuesday:
Slight recession in
priCCE. T/O:
$605,000,
Dult and
feature-
less. T/O: $593,000. Slightly steadier tendency, TVO: $572,000
Wednesday: Quiet and feature-
Thursday:
Jess. T/O: $203,000, Prices inclined to drift fractionally lower, T/O: 5010,000.
North Folk & Western Q: athlevan Pean. Salt
Northwest Airlines.
The new crop On Aug. 1.
your opened.
RECEPTION
DE
UE to poor radio reception today it
is regretted that a num- ber of prices of over- seas market are
available.
London, Sept. 4.
The Motala Division of Imperial Chemical Industries Limited. will cetaullah the first plant in Europe for the production of the metal beryllium In wrought forms, the company announces. The plant is designed to pro duce semi-fabricated forms of the matal, such na rod, tube and plato, and finished machin. ed parts.
The plant is expected to come Into production at the end of
1959. Its first tank will be the execution of a production sente tcontract placed with C.. by the United Kingdom Atomio Energy Author!ly as part of a development project. Spare capacity may later and addi. tional outlets for 1ila matal, in
which
aircraft and mispila designars are showing con. siderable interest, the ካብ nouncement says,
Interest in beryllium as a nuclear
engineering material has been Intensiflad by the need for a motaj which will perform satisfactorily in the higher operating
temperatures on. visaged in advanced nuclear roactors of the Calder Hall typo, according to the company. Outalde the nuclear engineering industry, beryllum is likely to be of interest where a bination of tight weight and high strength, or light weight and an unusual degree of rigid- ity is needed, the announce. ment adds. China
Mal Special.
P.O│B•IE.A
COMPANIES
PASSENGER/FREIGHT SERVICE
*
not
*
Outwards
"KARBIALA"
"HOMALI"
"CARTBAGI“
"SALSETTE”
"SUNDA".
"CANTON"
Ceylon Tea Market Reopened
Colombo, Sept. 4. Ceylon har reopened its tea and trado with Egypt mado possible the renewal of a three-cornered trade #grooment involving Japan, the Minister of Commerco and Trado roid:
Egypt suspended the
trade
Manitoba, 47 million bushels (45 | three years agh because of a inillon); Saskatchewan, 178 shortage of sterling. But Minis- 50 adition
(21 million); and for R. G. Senanayakte said Egypt Albert, 13 million (93 million.), has now agreed to purchase DUUP.I.
293
1101%
Exchange Rates
Business
in the
local
8,000,000 pounds of te during the next six months and to nega- Liate additional purchases periodically.
Under the agreement, Japan wil receive colica from Egypt and will establish a credit in Caylon to pay for it. Egypt will on import tea from Ceylon and 10.06 draw against the Japanese eredil to pay for it. Ceylonese officials 20.95 said Japan niready has establish- 1.90 cd a 420,000 yen éredit.-U.P.I.
5.00
was done 33 nol exchange market tity
thurning at the following raten;-)) U.S. dular (per $11. Sterling notes (per 21) Australian Botes (per £1) Indonesian rupiah iper 100) Siam teal (per 100) Singapore (Stralfa)
6.00
COMMODITY PRICES
RUBBER
SINGAPORE
The market opened, lower on
Australian Wool disappointing overseas advlees
Market
and ruled quiety steady at lower
grade but setters reserved. No. 1 rubber per b. Sept. 80-815 Oct. 814-8R, Melbourne, Sept. 4. No. 2 rubber der jp. Seal gays-abus Adelaide's first new season's No. 3 rubber per I, Sept. 1-17 wpoi sale closed today with No. Tubber per 1. Sept. 73
Spot rubber Gnales.... PI prices showing a slight upward linket crepe.... trend bits well below June No. 1 palo erepe
rales.
Continental,
British and
Japanese were main buyers.
LONDON
The rubber market was quiet Top price merino was ŋi 074 with spot quoted at 33-13/16 pence a pound.
pence per ib. Prices: Gogionu! sale scheduled for No. 1 fun spot gadi next week has been cancelled Settlement hours term: because of into shearing gauge Nov
by foods-U.P.I.
OCL
2334-237
23ht
Det /Der.
Jan/Mur.
April/Jmo
24-241;
2416-246 General market, elf baris, ports: Sept. Ori.
July/Aug
Buyer Selterm
TU1
Spot
3-month
Copper
Spot
73015 7005
2004 2003
273-2311 --U.P.I.
Lend ist half
Sept
2001 201
7:11
Zine ist half
Expl
643
....U.P.I.
METALS
NEW YORK
Sept.
Prices of metal futures closed today in conts per lb, as follows: Lead
0.530
9.334
B.280
a.20
26.000
26,001,
0.181b
Oct.
Sept.
Copper Sept.
Oct.
Dec.
Due Hengkang
in Port
PENINSULAR & ORIENTAL S.N. CO.
Leaves London
Balled 1/7
BEL AUT. IRIH September
Auspurt $2nd September
Lind August 10th October
8th September 10th October
17th September 20th October
Leaves Nongkong Dus London
Ejasnawarda
*
"SUKAT" *
"CARTHAGE"
"ADEN"
"SOMALI"'*
"SALSETTE"
"CANTON"
**
*
And
Hist
19th September 23rd October
30th September 27th October
35th September 1st November
18th October
25th November
And October 17th December
24th October 24 November
Via #pure, Penang, Colombo, Bombay, Aden & Pt. 6131.
SURAT"
"SOMALI" call 'pore, P. B'wat, ' Penang, Aden, P. Wald, Havre, London, Hamburg, metlerdam & Antwerp.
BRITISH INDIA S.N CO., LTD.
"OLINDA"
due 8th Sept.
10th Sept
"BANGOLA" due 12th Sept #rils 13th Sept,
from Japan
for Singapore. Penang. Rangoph. Calcutta Chittagong
from Calcutta, Rangoon, Penang & Singapore for Japan
P. & O./B, I, JOINT SERVICE
"OZATDA”
due 10 Sept. Balls 1th Sept.
"PALIKONDA au 22nd Sept.
from Japan
fnt Singapore, Cochin, Kuwait, Bamah, Khor- rimshahr & Karachi
from Perplan Gulf, Karachi, Kandis, Dorn- bay, Cochin & Sings-,
pote
sails 3rd Sept for Japan
EASTERN & AUSTRALIAN S.S. CO., LTD.
"NELLONE" due 13th Sept. all 14th Sept.
from Australia The Japan
0512
“ABAFURA" due 18th Sept. salls 21st Sept.
Jrom Japan & Shanghai
For Australia
All verseia have Uberty to call et any ports on
or off the route & 'the route ♬ sailinge are subject to change or amendment with or without mollas.
Prices of metals closed today] =
COTTON
LIVERPOOL Cotton future closings, in pence per 1, were as followe;
American Contract Oct/Nov: 23.76: Dos/Jai: Mar/Apr 23.85; May/June: July/Aug: 23.15.
Mixed Contraet Oct/Nov 24.30: Dec/Jan; in sterling per long ton g fol- Mar/Apr: 24.15: Atay/Targ
July/Aug: 2.30-0.13
for full particulars apply to: MACKINNON. MACKENZIC & CO. OF HONG KONG LED. Telephone Nos: 2772) 4.
הוד
lows:
Oct. Bept. Oct.
LONDON
20.16;
23.40:
24, 20:
24.10
com.
*
*
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