1959-07-14 — Page 9

Page

HONGKONG

STOCK

EXCHANGE

Our Own Correspondent

Business done on the Hong- kong Stuck Exchuige bs morning #mounted to approxi- mately $1,083,000. Nuon quola- ons and the morning's - Trone- nctions:

Toss Asia 314

Unic

Lombard

SHIFTING

900

Dock..... 430% 415

FIK Hel se in size

THE CHINA MAIL, TUESDAY, JULY 14, 1959.

TO KEEP A

COMET FLYING.......

STOCKS TURN IRREGULAR

IN LONDON

London, July 13.

Stocks closed irregularly lower today is a result

of end-account profit-taking and a reluctance of buyers to extchill commitments:

<

Most industrials showed losses Petater Tin-69 08. as volume receded.

Oils were depressed. Property ahorén fögl their punch with Investors apparently taking the view that the rperty boom ind been overdose.

Ebvernment bonds hardened

n bit for a brighter note,

Guld shares were quiet on result of the Cape and

con-

Liupitul market being close).

4 Coppers were unsettled but firs

الله

neide some hendway.--UPI..

Closing Prices

NHAITS

Buyers Bellera

Кизля

BANKS

IK Bank.

Glit

37 40

NAI

INSURANCIS

30

420 9

72

2316

Wheeler k

€ 33

cig bond f

0.49

2000 +4

0.40

4340

DOCKS, ETC.

K. Wharf.

102

100

Provident

Trikes

32.00 12.0 BD

2006 254 1030

12.40

3

LAND, EN

109 «

2900 or

20,0

IIK Land, 0312 254

1720 N

333

30

Bunky 14.10 1.45 Iteasty RUBBER Amalg.... 2.54 2.57%

Trust

મા

3012 1623

1025 1.05

42.571; 2030 2.37; 3.03. 2009 3.10 2001. 369

Vonal - £15-1/19 Convetulon

Lon 30%

UTILITIES

£67-7/10.

Tra

.... 20.40

2100 1500

Fundra

100

1938/..

70

Star ሸሞን Valent

112 111

£279-3.10.

1/201

Funding

16.20

L-VR.

20.16

24.100

$1

31 |{1

Sayings 3

DEJA

2020

Savings 3

Macao E..

XD

04

Telephone

20

C. Light .18.9 16.20.

Electric

INDUSTRIALS

STORES. Dale

A

Gledged Bonds

Brith Transport 3 107--

Canela 252-11/15.

والفارا

Fundlar Stock Park 1999/2001-

*

Savice DA, 1859/03- ASM;";

100/76-AZ-1/10,

Southern Kinto Lid-

101.

inion Corp-67% 2014, West

Driefontein Guldmining Wex and Cons-24 fl.

135 7104.

British Torneo Petroleum Syndi ente 33% 14.

British Petroleum Co., Ltd-20s. Bungah-Bla Bl

Royal Dutch Petroleum-£147. Suck Transport

enter.

& Trading—1239

Eleventh-Hour

Bid To Avert

Steel Strike

Pittsburgh, July 13, 10- Steel mill producing about 90 per cent of America's sicel were boing shut down today as propera-i tions were made for a likely steel strike at mid- night tomorrow,

HM5/75-PATIEN

iiant Boteiny's Bank "A" Lid orth -57%

4.artered Bank--50% 3. Hothkony;-453%.

73

27

1

27.04

24.90 i

Ifast

1049 10.03

1640

20001..

B

Wolm 14.70 1400 Lones

Nanyang 10.70 "

15 40 18.39

COTTONS

Textiles

XD.....

6.50

****

1x

5001 50.70

MISIYLAN HOUS

Entert.

INVESTMENTS

Dit

0.34

1234

THN)

232

1,10

5

2. Invest

$245......

Benut

10 70

N.Y. Cotton

th

New York, July 13. A saunadi late rally send cotton Tutures lightly abend al close today, after futures had cruise rough another light anet narrow ston.

At the Amish the dist ruled i to 10 polis higher. The market opened a point higher to five lower this morning. New Or- Jeans futures inished up three paints.

Today's experts amounted to 3,697 bales bringing the season's total to 2,444,287 Lales against 5,373,041 bales last year, the New York Colton Exchange reported.--UPI.

Exchange Rates

Insurance

$24

Canim-

Alteraft and Metors British Motor Volu. Ond--lài tal. Ford Mutes Co- the Mi

Breweries

Isiding and Materials Appelated "Portland Content-fa

4!

225 Dd.

G

Plachin Johnson Assoctites On!=

Coal, Reet and Englarrrinx Babcock & Wheox, Lid-431 04. Vickers Lid-313 38.

Food and Tobacro Heh American Tub Lopezial

לא

חזי

Tobarco 'L-533

hristelincou

Brille Oxygen Ltd. Ord -- tis Canadian Pacifle Illy-SA!! Dun.ep Rubber Ch-2264. Hongkong & China Go. Juperial Chemical-355 34 Lynn & Co-7 Thyel. Callever Lid-97 1.

aperין

Bewter Paper Corp Ord -32% 20.

Badlo and Electrical Avengiated Electiteal- 575 M. Hlectrical & Museal-50% English Electrip C-Ka 90. Grüered Electric-s

Shipping

Imulo-China Steam Nav, Ca, der

2 P_4_0_Star

35+ 7 d

4%d.

Navigation def ord

Atores

Great Universal Store "Adis Marks & Epencer 1.id --654 Inf. Woolworth-F. W. Co-Ed.

Texities

_(^oa! 2 & 3 Efe 20 204.

Coltaulda Lici.

Minte

Africa--12 6.

Anglo-American Corp of South

Cons Coldfields of South Afric

Ezations was done in the Togal unofficial exchange nekes tis morning at the following valv US dollars (per $1),gresses Sterling notes iper £1}.... Austalian notes iper £1.. Indonakinn rupinh (per 10 Sam Picots per If)

5.77

15.00

12.00

De Heers daf-166 108.

320

24,85

Singapore (Strnita)

161

Yesterday's Closing

Cops Zing Corn Onl-HY,

Free State Devcionarni & Invest- ment –128.

Hongkong Tin-% 71%d.

At the mammoth U.S. Stret Corporation Edgar Thompson Mill in Pittsburgh two of the 18x blast luinoces currently operating have made their last casts,

The chief egollators for the Talled States steel, Intustry and the steel, workers unton talked |for two hours in private today, spurred into a last-minute at- tempt to avert the threatening strike by Dol appeal from President Elrenhower.

ipprated

*** President through his Press Secretary, Mr James Hagerly, early today for both sides in the dispete to do verything possible to avert u nationwide walkout of 500,000 sleet workerF at their strike deadline of midnight tomorrow,

PRIVATE TALKS

After the President's appeal, Mr David McDonald, head of the United Steel Workers Unlon, pad Mr I. Courad Cooper, Vice-President of the United Stales Steel Corporation and the chief industry negotiator,

a private falk on Tieri lo their differences.

There was no comment on these steel "ummit" conversa. they lens, and Immediately were over, the two leaders went off for discussions with their own four-man negotiating teams.

The steel industry has reject- ed wage increase demands un- lose the union agrees to discuss propose work changes to elimil- nale alleged wasteful petices.

The strike, if called, will be the biggest in any industry in the United States sluer the Av Werk steel strike in 1956.—

Reuter.

COMMODITY PRICES

SUGAR

NEW YORK

Closing prices all in cents per

jb.:

Contract No. 4 (world) Gept: 2.70; Oct: 2.71-74: Jan: 2.08; March: 2.08; May: 2.91; July: 2.03: Sept 2.0 Oct: 2.50; 6put-(10.5. Cuba): 2.73.

ota)Salusi-203, contracím.

Open interest: 1,077 contracts.

Contract No. 4 (domėsilo). Sept: 0; Nav: 6.00; March: 554; Spot (CL, N,Y, ex-duty: 5.78,

Tulal Saica: none. Open Interest: 3, UPY.

•

contracte

STYLIK

NEW YORK

Closing prices, all in cents

pér Ib.:

Lesd

Skept

Zing

Cupper July

Tin

LONDON

COTTON

NEW YORK

Closing prices all in cents per tu.

Spot: 35.05; July: 34.87-88;

32.29; Dee: 32.30; Mareli: 32.63; May: 340 July: 32.33; Oct; 39.43; Deer 20.42.

NEW ORLEANS

No. 1 July

No. 1 Aux.

No. 2 July

No. 3 July

2014-90%

D-03

D-

No. 4 July

9427-03

Spai, rubber anualed Bjanket crepis

?LNG 92-9414

LONDON

Closing prices all in por 18.:

No. 1 spot

pence

2014-2015

|

Settlement house termi Oct./Dec.

2012-2014

Jan./Starch

28-28

April/2uie

July/Au Ocf/Dec.

Closing prices all in, cents

Shut: 33.30: July: 39.60; "Õnt: 32.23: Bee: 3230: March: 32.00; May: 32,31;July July: 12.31 Oct 30.40: Der: 30.39.

Aug.

Estale erepe

$714-28 FILE%

27-2344

Day-2014 20-20! thin July 3014 lek July 30 AMSTERDAM Closing prices all in guilders per kilogram, c.lf. July: No. 1 rubber No. 2 rubber

- LIVERPOOL Closing prices all in pence fier 1b.:

Aitterlein Contract July/Aug: 22.89: Oct/Nov 21.33: Dec/Jan; 2125; March/April 2010; hay/June: 21.30; July/Aug: 21.30, No. 3 xubber

Mixed Contracl July/Aug: 27.45; Oct/Nov: 11.7: No. 1 crepe Dec/Jon: 21.43; March/April: 21.24; May/June: 21.33: July/Aug: 11.33.

BAO PAULO

All unquöfed.

Average price in U.S. at 14 designated spot markets: -not

Totul sales: avaliable.

11.30

balis. UPL

11.400

10.Tib

10.07b

$37.2011

25.60-00

101.755

101.18

Closing prices, all in sterling per long tun:

T

-month

Copper spot

3-month

Land Tas halt July zive fat halt July

Dryers Sellers

10,089

RUBBER

NEW YORK

2.74 nom.

2.12 ans.

229 noin.

2. Kom. UPI.

FOREIGN EXCHANGE

NEW YORK Closing rates:

Canada England official

Australia New Zealand South Africa Delta India

Rex. rubber futures.closing | Pakistan" prices. ll it cents per th

Juls: 34.10; Sept: [ǝta; Noy:

LONDON Closing role:

300 53.00: Jan 31.00 Alarch: 30,40; New York

May: 3.33 July: 33,25

SINGAPORE

1.25

2.00 3/11

100

(F

**

Aircraft

1. Fit Manager

Spojka, Madajte, "Disintenanc

Fest Inspector Phat Pimmat käkipver First Supplies Oncer Comet Project Engineer Works Buperintendent Deputy Flight, Manager Ogler Ve Training - Fight Captain (East) Filth Captain (West) Captain

19.

Co-Piloc

Fight Navigation

fear

shi Engineering omcer

Falt Steward.

Second Steward

18. Šlight, Mławaidosa

15. Stewardess.

20. film. Fikirina Oficer

Kinonger's-Beerslary

Cabin Services wiücər Flying Staff Administration Communication Umeer 25. Fight Operations Officer

Forman

Assistant Foremani

Rection. Kirpector

Secretary

Breaki Ncheduler

instrument biectianio Chargehand

inspector

Upholsterer

Leading and Fitter.

Loading and boot Molal

Porker

11. Dilver

Clanber

.) Shell Bt. Alita

40. Oberalpre..

41. Laider Bilyag. (#reight)

22. Loader Ditver Atrorati

£1.

Catering)

Driver (Prassiġer Cosch)

44. Bet, (hecurtly).

45. Air Miniatry Met. Forecaster

46. M.T.C.A. Marthaller

17. Station Duty. Gricer

4. Rervice Control

19. Receptionist

Station Operationa

Electrician

✰

U.S. STEEL STRIKE SCARE HITS

New York, July 13.

In the excitement of an indicatett Breakdown bf

WALL STREET

steel negotiations with the result a prolonged strike, Wall Street forgot its old axioms and sold stocks all around, notably the steels. Benguet Cons.

Lesser plled higher and higher

Bethlehem Steel

International Dusfacti MaBoeing Airplane

Cana. Bk. of Comm.

as the close approached., The chines dripped, more thart 14 Horden (The) Co. whole steel rection registered points before it met sport. lossc running to more than Autoinabile issues fell off frack | Calif. Packing Cury, three polats. The copperstens to more than a paint In broku sharply. Special issue: Ford among the Big Three. were hard hit in many stances..

In-

Selling drove down the aule mobile division after it had tried to show, h strong spielt. Wille joined the drop with losses ini Nor- ranging to two points folk & Western.

Surprise

The drop in steels surprised

who had the market experts looked

adherence to the for

axiom. The steel Josses sot oft selling in other *ections at the list.

oldi market

The axlom, oft-repeated in anincial circles, says: "Hover

Cana. BreWTTE

15 Internaftovial Poper

351C

Int'l Tel & Tel

John-Manville Co.

Kanraa C. Power & Light

5934 | Kennecott Copptr

Kimberly Clark

31

Southent Baway (Com), .. Standard Brands Atandard Öll of .cat Standard Oil of Ind. Standard Oil of N.J. Steep-Rock

Sterling Drug Co. Stokely Van Camp. Stane & Webster..

1221 Studebaker-Packard Corp.

Burghie Mining .... 53, Gwift & Co.

4915 Texas Cou

1036

Burroughs Add Machine Brush Ainer, Oll

Tea

304 Liggett Meyers Tub. Ca.

91

Llly Tulip

Littek ind..

1732

49

Today's volume was 3,380,000 chares.

Lockheed Aircraft

30%

Campbell Boun..Co Canadian Freiße R.

40

Loews Incorp.

300

30

Lone Star Cement Co

Lowenstein & Sons,

2012

HP

30

McDermott J. Ray

McDonnell Airerätt

AZ

Mczabl tron Corp.

Of a total 1,234 shares traded; 343 were higher and 897 lower. Atticrlean Exchange volume was 1,320,000 shares..

Bonda volume amounted $3,690,000.

to

| Caso (J.. }} Co.

Cal. Tractor

Celance Corp.

C.I.T. Fissocial Corp. chese Atanhat, Bahk Kairysler. Motore ~Chuuft-Testudy-

Colgate-Palmolive, Co

Colorables Carbon Co. Commercial, Czędži,

Dow Jones closing averages consolidated. Each

30 industrials ...........

were:

20 Tails

15 utilities

ba stocks 40 bonds Comm. future price Index ..

Closing Prices

Abbi per & Paper.......

Akita Inc. Acy. Algoma Steel Corp.

sell on strike news". Today Allied Chemicals

Corp.

Allien Mills Inc. the steel shares is Chalmers le detion of

declines ranging' to Am, Brake, Shga with neatly three points. In the American Airlife blurs of the blue chips, US Ascari Cible & Radio Steelwas the reverse of what Amerlin Cynnamid Co.

Amer. & Forgn. Power Am. Ou 2 kazetrio 104 ia market men had anticipated.

Am. Homo Prod.. 2.0136

Chemicals fell sharply-wider A. Mach, & Pary lossers, than the steels. At the Aerican Metal Jowa Allied Chemical was qft Am. Natural Gas

American Broliina points' and Du | Am Bogat let. more than two

America Tel & To Pont more than two points American Tob. " Aluminium Issues, ruted strong Anaconda Copper all day, Reynol Metais rätt Anneo Bibel up nearly four points at its best. Aus Core, Mijos Akon set a new kigil on a gain || "Bild wait-Edremediati of more than 'Point, Strength Baltimore & Ohio Glas of Marresi alco was noted in Kaiser

Benedicial, sanor Aluminium.

Bendix Aviation Corp.

281-9/10 .02001

3110

21to

Montreal Amsterdom Blockholm ... 24.0434-10.0635|

7257-73.00

7.00 7/10-200 O/1A 19.091-10.00

7092 Closing pilths all In Siralta Par

001

程

--UPL

cents per lb. fo.b. Malayan Vienna

ports:

-UPL

Arindlevelan

Continental Oil of Del. Crane Co 657.35 Crown Zeuerbach 170.40

06.60 Cubah Ataer, Bugat

Dantong Alkait

220,00 03.01 150.00

Diamond, Gard

31

Dominion Stores

Douglas Aircraft

Row. ChemİSTAN

Dupont de

inguts

Fastern Athina

Eastman Kodak ..........

El Paso Natiqual, Gas 414 Family Finance Cor Firestone Trie

Monerota Mining

CA Mieston Development

Ateneanta-Chemien keto 3035 Montgomery Ward 4833

Motorola Ind.

せ

001-

255

National Bault Co. National Cash leg. "A"

National Dalty Prod.

National Les

National Steel Corp.

New York Central

Narada M5203, ...

Norfolk Western Ry.

Olin Mathiceon

Os Elevaidm

Owei-Illinois Cinas

Oxfped Paper Co 401 Facic & Elec. DOHA

53

Pan American Airways Paramount, Piekarti.

Parke Davis Co..

Penny J. C. Co,

Penn Bait Co. (new)

PER Moti

Procter de

Gamble Co. Pittalurgia Plata Glas

Publieker Industries

Ridly Corporation

Rübber

First Nat, City Bank

BSIN

Ford Motor Co. of Cana.

185

Beja Pord Motor

701

Pitney Bowes

20% Ceurgia Pacile,

4214

Conteral Pynamics

10.

General Electric

EL

O

General rooda

141 General Motors

SAINT

Gen. Tyre & Rubber Getty Of

flacja Corp. Pref.

My Gilladen. Co.

10%

Hepsibile Bleol

Goodrich (B. F) Co.

1563

Boyal Bank of Canada Sera, nebuck & Co.

STCH

Harden Newport Corp.

20

904

foretako Mining Co.

· 1939 | skumbris is · Netely.

**

ingaoil-Hand

Fots Business Machine Int'l Harvelo Intercational Nickel

Reynolds, kietas.

Shell Ou Co.

Safeway Store

.....

Bain Reg. Paper

15 Belisley Inc.

Brett ForT

1.

Calha e Frenc

But Bocopy Mobil bil

South, Puerto Rico Sugar 354 Bouthern Co. (The) 1919 Bouthern National Gun

Textron Inc.

Talokol Chem.

Tile Water Assn. Oil Time Inc.

Tri-Cont. Warrants

Twentieth Century Fox Film

Union Corblan

Valon Oil of Cal.

Union Pacifle Hallway

Unlied Aircraft.

10 US, Rubber

United Fruit

14714

United On Corp.

24

175. Fell "B"

11.5. GypsH73).

4th

14. Lane Co.

D.S. Smelling

US, Steal

A

TEND

UB-Steel PC. PF

Warner Bros. Waukesha Motors Westinghouse Air Brake

63 Westinghouse Electric

Western Union Tel. Co. West Va. Pulp & Paper Woolworth (E. W.)

all

British Exports To China

London, July 18,

The Earl of Dundee told the House of Lords today British explore to Chins during the first Ave moliths of 1955 nearly tripled compared to the same period three years ago.

The Earl, à Minister without portruite, Bald this

year's January throught, May, exporta to China totalled more

0,300,000. For tho

tari

SATIO

i përlad öf 1959, Exporia to China

amounted £3,000,000, he said. -UPI.