CHATTER ON WALL STREET
New York, Sept. 11. The strength displayed by the list during the pust two weeks in reality re- presenta
the fear of in-
flationary factors in our economy. However, the underlying technical structure of the market. continues in a vulnerable position with ti lung ad vance in share prices re
by maining uncorrected
any renution worthy of hale J. W. Sparkm & Co. There are still Vŵo Thelors
In the pleture which tend to pport and Inercise cautious atties--ralls contlaue to lag, end quality of leadership
somewhat spotty-E.F.
Hiton & Co.
Į
THE CHINA MAIL, FRIDAY, SEPTEMBER 12, 1968.
STOCK MARKET IMPROVES
HONGKONG
STOCK
EXCHANGE
Our Own Córrespondent
Business done on tite Hong- kong Block Exchange this morning Amounted proximately $230,000. NOUT gittalions and the herning's
tramellons were!
Shares
BANKS
IFK NANK.
Buyers Sellers Suiza
INDUSTRIALS
UME..
Water
.743 765
T
200 15
*3
400 17 20.30
100 $1 1000 61
3.83
100
4215
11.)
200 A 42.16
20.10 Wheelock 5.00 0.3%
DOCHES, ETC. K. Whart Provident.
(O ik Hotel.. 2020 20.40 LAND, ETC
For the investor whom objectives suggest the inclusion of municipal bonds in his portfolio, we feel that yleids of many of these issues bre how elleretiva. This reasoning Is based on the fact that prices bi muntelpals have already largely inc Land. dmnted a rise in the money XD ..... 90.75 market to levels of
31. che & Co.
1037---
Whittled Away
1000 2 20.30
23.40
1000
290,00
300
20.30
31
357
300 i 30.70
Humphreys
10
Really...
1.3
1,40 3300
5000 # 1.310
.
1.54 1.00
1 525
2.15
110
XLIJDE Amalg
M..
A. Tawah.
..... 24.20 2400
market's performance UTILITIES ableh whittled away * two- *Tra year overhanging supply Cenoter a break through in the fear future Ink ground here.
*
-1000 or 24.7)
2000 240
Star Ferry Yaurali a
17.10 17,00
110
100
100 17,31 2006 11.30 17.20
tofore never reached with the Lah Behood-that such a move will Father sufficient constructive momentuan for an additional upward thrust of sizable pro- portlums-Van Alstyne, Noel &
Co.
Food Mischttery & Chemical 1958 net estimaled mound 34 u share but a recovery w 4.02 Ja scent for 1935 with a further Tisc to $5 for 1900 when dividend could be boosted.... American Polosh earnings stip ping to $2 11 share for 1938 from 2.35 in 1957 but recovery
Elemen
EX AR. 24709
Macao Telephone 20:06 25.70
INDUSTRIALS Cement 20.00
...
T
26.70
150 70 23.00
400 4
500
21
500
4.00 In
21
STONES, ETC. Dairy
17 17:20
17 20
17.10
Va Lane, Crios, 13 L'UTIONS
100
3.7
13 AD
200
Es seets for 1959... Minesota Textiles Mining & Manufacturing Part-1 Nziyang
favourably INVINTMENTS
1 should reuspare
with
your
2.34 a slinge lust Boxed by further growth. In 1959 when dividend could e guised........ American Broadenal- In-Patamant 1858 nel eye ported sind 1.50 against 1.1 last year-Harris, Upham & Co.
U.PJ.
Discount Rate
Allied
6.15
4.10
Workers To Go On Strike
Sudbury. Bept. 11. About 6,000 employees of the futernational Nichet Company New York, Sept. 1
in Ontario last night rejected a re The New York Federal Re-conelliation board report
'curmending against wage in serve Bank is raised its dis- count rate to two per cent, from creaseUS, 13 per cent, effective tomorrow The move falluwe be four weck the rite In the discou
Ly inte
The San Prancisco Federal Reserve Bank Valli inday five other rawrve dis tricts had matched the rise. Reuter.
A strike vole is schedule! fer tomorrow. The contrae! dispute is between the interna- tional Nickel Company and 14 000 members of the interna- Nonni Union of Mine, Mill and Smeller workers in Sudbury and at Port Colburne, China Mall Special.
Stocks Many Manage To Regain Losses
By A SPECIAL CORRESPONDENT
The Hongkong Stock Exchange improved slightly after last week's selling pressure as the Formosa Straits trouble quietened down this week.
There was a better feeling on the market resulting in a near all-round improvement of prices especially in the utility section where the majority of stocks managed to recover their losses of the previous week.
|{CITYLIGHTS#|
'AFE
SAFES URN, Neces MAYRRUM SAITTY JIRANG
SECURITY ESP
"Of course you realise this Joint's wide open to a take-over bid}"
to
LONDON
REMAINS
STEADY
London, Sept. 11. Markels were steady after yesterday's break through a new peak for the the industrial year in average. Investors, how- ever, were in a cautious mood.
Some were awaiting President Eisenhower's policy statement on China while others were de- pressed by the Iron and steel! production figures for August | which showed steel consumption In Britain currently running live. per cent below a year ago. Th decline has added to the effects of the deslocking process of the first half of this year and os a result there has beos a decline In the industry's output of steel. I fell to 70 per cent of capacity. Bank rate unchanged to- day but many people believe another cut is due.
Foreign bonds were firmer in places bui small loses pre- dominated 'n dollar stocks, - U.P.I.
COMMODITY PRICES
FOREIGN DACHANGE
NEW YORK
Closing rates were:
Connda
England offelat
30-DAYK
New Zealand
South Afne
Belgium
Others unchanged.
LANDON
Closing rates were:
New York
Montreal
Apatternin Brushin
Copenhagen Frankfurt
Para
Stockholm
Zurich
No. 3 rubber per lb. Sept. 70-774 No. • rubber per ib. Seut, 73-7314 Spot rubber untaled ..... BOT-ni Blanket TDS
No. I pale crepo
LONDON
$3-00 IN)-881
The rubber market was dull ith spot quoted at 234 perce per b. Prices:
pet Settlement house tenn:
236-27
New
1.02-7/32 200-3/16
Ust.
Nov. Dec.
1.TOY, 3.70% 2.00-5/10
0200-11/18
Dec./Dec.
2336-241 24-24 23%-20%
Jan./Mnr. General markets, cit basis. ports:
Set Oci.
Μαν.
234-231- 2321-231 2014-201
Patate
crepe
thin Oct.
2,80-3/14-2,80-6/18
2,741,-276
10,8835-1030ĻA
338.9713-130.00
10.3314-10.3314
31.0034-11.09
13-14,40
12.19-12.20
Outer unchanged.-U.P.1,
RUBBER
NEW YORK
rubber futures
Rex
today closed unchanged to 18 painis lower with sales of three con. tracts.
Closing prices:
Jan:
Sept: 20.20; Nov: 20.00; 20.03; Ator: 20.63; May: 20.45; July: 28.00; Bepl: 0.20.
AMSTERDAM
The rubber mutket was dull.
Prices all unchanged today.
SINGAPORE
COTTON
NEW YORK
SUGAR
Now York, Sept. 11. World No. 4 sugar Futures closed today one to five points lower with sales of 1,825 con-
tracks.
Domestle No. 0 sugar closed two points lower to one point higher with sales of five con- tracts.
Contract No. 4 (world) Det: 3.44: San: 3.0; Itars 3.43: May: 3.43: July; 3.44 Sept; 3.40; Oct: 3.40 Spot-cents per lb. fob Cuba) - 3.44.
Open Interest: 6,124 contracía
Contract No. 6 (domestic) Nov; 5.83; March: 5,03; May: 8.07; July: 0.73: Sept: 0.75; Spot-Trenti per, ib. elf NY ex-duty): 5.59.
Ореп inicrest: 826 contracts......
Prices of cotton futures closed | V:P.I...
today as follows:
Spol: 38.16n: Oct: 31.37-38; Dee: 35.85; Mari 30.33; By: 30.14 July: 34.33 Des: 62.04: Dee: 01.03.
NEW ORLEANS
Prices of cotton futures close()
today as follows:
Spot: 25.10: Oct: 35.31; Dov: 33.33; Mar: 30.31: May: 36.14; July: 24.35; Det: 32.03; Dec: 31.02.
LIVERPOOL
In
METALS
NEW YORK
Prices of metal futures closed Collon future cloalogs, today in cents per lb, as follows; ; pence per lb, were as follows:
Lead, ep American Contract. Cel/Nny: 3.70; Dec/Jan:* $5.70: Zine Sept Mac/Apriit 73.65; July/Aug: 23.20, May/June: 23.02
Oct/Nov: Mixed Canirket Oct/Nov: 24.00; Dec/Jan: ; | Tin
21: May/Juhe: 23.93: Mar/April: July/Aug: 23.63.
SAO PAULO
future closings
Collon
Copper Sept.
130
**
LONDON
Caution was still evident on the market as buyers refrained from investing too much al- Though many shares at their present prices are very cheap. the As is reported that majority of companies are doing well, these shares are yielding very good returns at their pre-j vailing rates,
Good Demand
HIK Danks which lost $30 last week closing at $785 were lu good demand this week sing to $747 before they fell $2.50 lo close at $740
Lands which was quoted ex- dividend this week at $30.75 were up 45 cents on the week, while Electrics $24.70 ex-all were up 60 cents on the week.
The tally was a vast improve-
ment over last week's with nine higher, 12 unchanged and six lower compared with two higher, five unchanged and 18 lower las!
Turnover was up from wvek. $1.80 million last week to $2.59 million this week.
Cautious Vein
Here is an Ice House Street observer's account of the market:
ПК Папк Lombard Unlo Wattlock 11K Whart HK Docks Provident HK Hotels Ik Lands
JK Really 1k Trams
100
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