1959-03-17 — Page 9

THE CHINA MAIL, TUESDAY, MARCH 17, 1959.

Stocks Move Irregularly On New York Market

New York, March 16.

Stocks moved irregularly in active trading today.

Gains and loses of t point or Chryster Motors more luftell the main list as Cluet: Pesunty prot-taking increased.

Colgate-Palmalive Co.

| Colombian Curison 25. Losses of a point or more Comineretal Credit

Comundawealth Eler

appeared in American Tobacco, Consolidated Edison Du Pont, Goodyear, Kennecoli Continental Oil of Dėl and Union Carbide, all are used

the Industrialan Anier, Sugar

#11

average.

compiling

U.S. Rubber, at In average group, rose more than Tele-

the

Crown Zellerbach Diamond Alkoll ... Dotigin Alcraft Doty Chemiepts..... Disent de Nemours Farben Airline Eatinan Kodak ............. 13 Peso National Cas Family Finance Ceni. Andaine Tyre & Nibber

Past Nat. City Bank Ford Motor

a point and American phone, Thiokul lost more than two on profit-taking Polarold morc than three. American Home Products was off around two as were Schun ley and Texas Instrumenta.

RCA rose around polet in electronles. Douglas, Pepsi-Cola, Texas Co und Western Union had fractional gains.

Today's volume was 4,420,000 zhares.

Of a total 1,124 issues traded, 274 were tilgher and 772 tower.

Amerteon Exchange volume was 3,140,600 shares.

Bonds volume was $9,330,000. Dow-dones closing averages

were

30 Industrial:

General Dynam!ci General Electric

Gehera) Fonds General MoLOTS Gen. Put. Util. Gen. Trie & Hubber

By O Guidora CR.

McDonnell Aircraft (Ain.

Mock_Exuc.)

Mirabi Iran Corp.

Owen-Binale Qlea

Puramount Picture

Procter & Gamble, Ca. Pltsburgh Plate Class Publicker Industries Pure Oll........ Radio Corporation Radio Corp. Pret.

Republle Steel

Reynolds Metal

Hearn, Rochuck & C

Shell' Oil Ca

Baleway Biores

Scott Paper

10%

HONGKONG

STOCK EXCHANGE

by

Our Own Currespondeel

Business done on the Hony. kong Stock Exchange this morn- ing amounted to approximately $138,000. Noon quotations and the morning's transactions were:

Dayer Restes

Horres

INSURANCES

Lombard 2012

KIIPTING

Waterbout,

XD.....

LAND. ETC.

2244

6.35 5.00

Sales

CHATTER ON WALL

STREET

New York, March 16.

We can only conclude that the line of least resist- ance in the stock market remains upward, says Flache & Co. Technically, the action of the teck market has been highly favourable for price to move up, consolidate their position, and then tollow through on the opside again, according to Van Alstyne, Noel & Co.

ENCOURAGING

Yesterday's Closing

COMMODITY

FOREIGN EXCHANGE

NEW YORK Closing rates were: Canada England fetal

Australia

New Zealand Bouth Atrica Belginer

Dermany

Other unchanged,

LONDON

Closing rates were:

New York

Reynolds & Go finds the pre- sent outlook encouraging for John-Manyllle and Toples for Mantrent higher sales and earnings för | Abelerdam

Bruxels The company in 1959 and says;

Copenhage another building Frankfurt 11.20the same for

equipment Issue, Celotex Corp.

Valuc

Lint looks for a new

in the 800 23.60 high record

poper in- 2000 23.00 dustry in 1959, and higher

79.10

400 20.00 20.00

dividend

29.85 sales, cornings, and

4.50 for most building companies.

Pubile Service Electric S

should have

tharp carnings in Billle

#

1900 after since 1955, 30's

The Treasury may announce terms of cash financing next

Trum, XD 73.70 23.0 300 23.89 Thureday or Friday, say Wall

#61

8732

2016

ちきん

#theveta Mining

aflerion Development

Stansanto Chemical Co.

C5

Managers Ward

074

Mintofola ine.

56

National Biscuit Co

$5

201

Mulionist Cash Reg. "A"

122

ВАНИЯ

B2%

Nationel Dairy Prod.

BO

1k Hank

70 71%

Nallern Leath

111

#27

National Steel Corp.

Union

4022

163

New York Central Norfolk & Western Ity.

0144

311

North Amer. Aviation

72

Hurth-west Abies

Com,

40%

Olin Malkieron

Wherlock

A$12

DOCKS, ETC.

Oils Elevators

K. Whart

01

215

Oxford Paper Co.

Burk

Prelle Gan

Elec.

I'muy deal.**

Pas American Airways

TO, XD 11.10 11.20 3000

4516

$3

Parke Dovia (D.

K tel. 23 23.0)

500.

234

48 24

Pean. Bail Co. Philip Morris

Goodite (D. F. M

DO12

Ik Land

200

CITY LIGHTS

Realty

Amalg.

(11.1 4.00 Humphreys,

14.30 14

1.473 1,423 10000

700

GIA G

14.40

SCD M

14.40: Gas

15

Improvement In

HUDBER

1039 and

2.329 2.113 10000 vi

2.13

2.1.2

change 2100

10KK) H

Saint Reg Paper

481

D4+

Sinclair OI

Trust, XD 105 2,05

A. Tawah. 2.60 UTILITIES

2.13

Shearson, Hammill & Co.

Soerny Mobil Ol

Smith. Cine & Freach

1151

Yaunali..

Solar Aucrofi

#21

South Puerto Nies Sugar

271%

Southern Co. (The)

C. Light

Southern National Ga

20.30

Southern Raliway (Com.)

15

300

PN5,20

Standard stands

67%

Standard Oil of Cal

Macay E.. 14

54'

Standard On or id, Standard Out NJ.

Telephone.

XD

..... 23.00 24.10

000 K

24

Beep Bark Terato

Еже

147.

INDUSTRIALY

Sterling Drug Co.

772

Cement 2313

30 6 201

Sickely Van Camp.

10

Studebaker Packard Corp.

10.7

2000

800

2315

23.13

Serguns Alinatg

d'

STORES, ETC.

Swift & Co.

372

Dalry'

AO

Textion Inc.

Watson

Talokel Chem.

Kwang

The Water A. Oil

S, H.

10.0 11.20 1000

$31

130

16.10

470

13.60

9

141

30

Tan ise..

Glodyear Tyre

121

52

Tri-C-nt Waranti

971. Gut Oil

Grant Airersf

Twentieth Century Yax FUM

34

CONTONS Textiles 4.075 4.10 Nanyang 8.80 BUS

and Organ

De Corhidr

Blumenlake Mining Co.

445%

11n' n {11 n! tj.

473

Iduin Powe

Ge Palle tway

►

VIDSO

10.70

21

Jagersoll-Ran

1930

tinted A regal:

INVESTMENTS

Par

Tinad Steel Lo.

130

421

17%

aletchemical Corp.

12

United Ges Corp.

4202

Int. Inv... 0.29 3.36 Allied

14%

Int'l Itu a

Machin

41

我春节期

Int'l Barvy ster

981 5.5. 195 CA

Interventional Paper

Benguet Cons.

1

Int'l Tel & TOD

40.S. Sucking

Bethlehem Steel

52%

John-Monylile Co.

54. Steel

Boring Allplane

404. Katter Industry

12111.8. Strel 7 per pg"

1187:

Borden Tier Co.

3016

Kawas C. Tower & Ligh

Bla Werner Dres

Hurrugs Add Machine

411

Kennecott Cooper

11

Waukeshan Metars

3312 4112

Calif. Packing Curp.

Kimberly Clark

#2

Campbell Soup Ci

4015

Diggett Meyers Tob. Cá.

BOP

Westinghouse Air Brake Westinghouse Effedele

792

Lockheed Aircraft

13

1415 Torus Incorp.

2052

Wow Puls & Paper

20

35 m

#5 Huck"

Closing Prices

607.04

1672.07

93,07

40 Concie

Com ure price index

147.60

Aldezi Inc. Ary.

Alled Mills, Inc.

Allis Chalmers

Am. Brake Bhce

Amuriela Altfine

Ameritum Cable A Radio Car.

American Granmak! Cn.

#

holding in the 'Unsink- able Steamships Line'

Amer. & Foren. Power

Am. Cra & Bectric

175A 321

Allied Chemicals

At Home Phot

Am. Mech. & Par Anterian Metal

Anerken Spesting

An Hugar Ref.

American Tel. Tel.

American Tah. "n"

Anaconda Conser

Armco Sterl

Armar

Alias Cans. Mating

Baldwin-bra-Ham.

Baltimore & Olu

Beneficial Finance

Dendix Aviation Carp

Canadian Pacific R.

Core J. 1) Ce

Cat Tractor

Centere Corp.

C. I. T. Financist roep.

2012 1051) 13

*

** P.S.And please instruct

my broker to #ell 13

International Nickel

12 | Lane Star Cement Cul

414

6212

Lewanstein & Sons. Mellerunat

Ray

3232

Veted Fr

5. F "D"

4214 VS. Cyprum

119.5. Rubber

Vedio Tel Cu.

Wentworth (KW, ZOK/B RANG

-UP.I

454

閃

Street bond mea.

Chryslers per share earnings

O 10.40 10.20 2200 18.0 currently should be running ut Electrie.. 26.10 35.20 B00

a high rate, according, to W. E. Hutton & Co.

·MISCELLANEOUS

Exchange Gap

Washington, March 16. Five nations opened a new round of talks today at the World Bank headquarters 10 draft a joint scheme of credits to meet India's foreign exchango gap.-Heuter.

'SITUATION

Millan

Orle

Pari

Stockholmi

Zurichs

Pago 9

PRICES

Prices of sugar futures closed today in cenis per 1. dr follows:

Contract No, 4 (world)

April Mpy June

2016-20

2016-201

Aprit/June

231-2015

Jayneps

May

ac/Dec.

July

General inside, eit bents, parks

Mercil

Septron

MEY

January

Ciate crepe this Ap

March

thick April.

May

-U.P.L

1.69-87.12

2.817

2.25-1/10

2.00-6/14 2.81-11/10

0200-1/10 230

2.011-241-5/10

Others unchanged.--U.P.I.

Ociste

spot pries-ternis vir ib, lib

Cubar

0.15 2.10-17

....... 3.00

Oden interezi: 0.622 contracts,

Ochirant No. 6, (danimalia)

Man

5.43

July

Stotemther

0.01

Navember

8,07

Bazi-scents pre ib. dử VY

ex-duty)

COTTON

NEW YORK Prices of cotton futures closed today as follows:

Open interest; 2013 vertencia—13 XP.T;

METALS

NEW YORK

NEW ORLEANS

Lead Mar MAY

Zine Mor May

2.7 11/20-2.71-13/10

10.81-10.013,

25.05. 34.37

140.64-160.70

July

31.23

31.91

10,3739-18.37%

21.7578411 70

Dec.

31.03

174839-1743

Mor.

31A7

2004-20.041,

May

31.37

15,7834-13.70

July

33.93

14.547-14.55!1

12.15-12.19

Prices of cotton futures closed

Prices of metal futures closed today in cents per ib. as follows:

11,061

today as follows:

11.201

Spot

74 10

10.408

10,551

May

25.4%

July

54.38

Copper Mar

34.00

MAY

34.200

32.27

*Tin

Mar

102.001

Dec.

310

May

102.60

Mar

31 02

May

3.60

July

30.8b

LONDON Prices of metals closed today in sterling per long ton

as

Buyers Sellers

702

70315

7341

04734

RUBBER

NEW YORK rulaber Ilex

fultires today closed 25 to 60 points higher with sales of 38 contracts,

Closing prices:

March: 31.49; May: 3156; July: 31.34: Sept. 310 Nov: 31.00: Jan 3100; Mar: 31.00,

AMSTERDAM

The rubber market was steady Fitch says Servel presents today. Prices closed in guilders a unique situation becouse the per kilogram, clt March as fol. company owns a lax loss equal!lows:

to better than $11 a common No. 1 rubber shore.

of

No. 2 rubber

No. 3 rubber

The

161 buyers

2.49 buyers

2.40 buyers

ΤΙΠ spol

3-month Copper spot

3-month

LIVERPOOL Cotton future

follows: closings, in pence per lb. were as follows:

American Contract Mar/April: 22.38; May/June: 21,23: Jay/Aug: 20.25; Oct/Nov; 10,30; Dec/Jan 1905: Mar/April: 18.00.

Mixed Contract Mar/April: 23.00; May/June: 22.25; July/Au: 22.18: Oc/Nov: 10.15; Dec/Jah: 10.00; Mar/April: 30.00.

BAO PAULO Cloring futures prices. cruzeiros per kilo were DS follows:

ת!

Mar: 18.03; July: 28.08; Oct: £6.00; DLC: 57.50

In the United States, the ascioge price of one-inch cotton at 14 derigunted spot markets was 34.30 cents.

Total sales were 10,335 bales,

Business Week notes a "rub- No. 1 rege 3.08 buyers tle but significant shift" in in- ] vestment petion brewing ut the polky tables of the nation's iu- Istitutional investors. It's a move suys the publication, that could diminish some the stock market's breadth and vigour. A yet, it adds, the shift has not reached any great proportions and there's no sign of a whole salt ex from common stocks in sight.-U.FI.

SINGAPORE market opened around the previous levels

and ruled quiet until late in the morning When good buying interest par- ticularly for two and three (SH-U.P.1, April stendied the market.

Agreed Merchant

Rates

Swiss Francs Maximum Sell- ing 744.

West German Deutschemarks Maximum Selling 72 6/10.

It ruled throughout the after- noon with good, trade buying and short covering. Futures: No. 1 robber per 1. Apr. 1935-8975

May 13- No. z rubber per 3. Apr. 11-Bar No. 3

No. 4

Upot rubber unbaled Blanket erepe No. pale ergyz,

LONDON

#742-8945 #12-B 8312-061 14-80

The rubber market was nrm and active with spot quoted at 20% pence per lb. Prices No. 1 Respo

4 20-20 Bettlement hours form:

SUGAR

NEW YORK

World No. 4 sugar futures to- day closed one point higher to one point lower with sales of 224 contracts,

|

Lead 2nd half Mar Lead 21d holt June Zine and half Mar Zinc 2nd half June..

2641)

Rubber Needs

Moscow, March 16. Soviet Russia will slop im- porting natural rubber in the course of the next seven years," Tass, the Soviet News Agency said today.

Soviet production of synthelle rubber would Increase 3.8 (imes during the next seven years, the Agency sald.----Reuter.

Exchange Rates

Businers was dong in the foral unomictal exchange" market this morning at the following rates:- 4.78

U.S. datlar (per $11 Sterling notes (per ali

notes (per 1

Domestic No. 6 sugar closed Aurorian rustah (per toni one print higher to one peint Slam tlesta (per 100) lover with tales of 100 contracts. Gappare (Sieste)

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18.95

12.71

26.95

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VIA TOKYO AND HONOLULU

BY

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