Page
❤
THE CHINA MAIL, FRIDAY, MARCH 4, 1955.
TRADE and COMMERCE
SECTION
VEGETABLE OIL PRODUCTION
NEW YORK Last Year's Output The Handing Back
STOCK
MARKET
New York, Mar. 3.
Stocks pushed ahead
further
new
10
bull market
highs today in their fourth
Highest Of All Time
than
London, Mar. 3.
More vegetable oils were produced in the world last year ever before. Production, topping the previous year's straight session of advance output by four per cent, was a quarter as much again as before although late profit-taking the war. shaded varly gains for many
ISATION,
Wall Street kept an eye on Washington where the Senate market Investigation Rot Ar Way
with the questioning of Exchange President Mr Keith Puretors who sald the "lock market healthy and the 1929 rash in't likely 14> be re- peter
Some
developed when Senator J Willson Fal- Fight (
Ak
liated shal
he thought there might be neert of more stringent regulation of Exchangers by the Sveurities and Exchange Commission Hy large, however, the day's query Unel Elite
! * { + [ ! » ? * {
NEW BIGTI
K
market
A tab of ligh-grade issues fel gered t Industrial average despite the realising and it elesed at bow all-tane bogh Allied Chermal > 41 $100, Du Pat 1% higher at 9734 Start It tak
1 To $85 a .td ' 'ë Texas C
Tell
DE $90%
As a result, says the Commonwealth Economic Committee's annual report on vegetable oils and oilseeds, supplies for food uses last year were of vegetable oils available appreciably greater per head of the world's population than in prewar years.
of A very level
World Cotton probably lower than a year ago. linseed oil
Markets
and
production standing feature of this trade United Stairs should ngain De reached this was the beavy year. Though world stocks are exports of cottonseed oil
from Commodity The Commonwealth accounted Credit Corporation surpluses for a quarter of warid exports under special disposal arrange- in 1953, thereby maintaining it menta.
Commonwealth exports browar position.
ut the 1933 were maintained of Free market prices.
me
1902 level Shipments from vegetable oils used in the monu- New York, Mar. B.
reached a new record picture of margarine and cook- Nigeria Catton futures today re-log fat declined during
1854.
appreciably greater other acted sharply at the close to but thine of the industrial group than exports. from
Bul elimax an otherwise quiet strengthened towards the end of country during the year,
Aupplies front dia were ab- and narrowly irregular
1ermally low, while the decline in shipments from Ceylon offset trade.
fromm
Malaya increases Canada.
Finishing on the bottom. ust showed net losses of 5 10 15
mints.
Opening prices were off New Orleans 3 to up 2 pomis closed off to 18 points
זה.
Locally, brorby Morch elosed 33 91 cents a pound, lowest
the year
were
any
CONSTANT IMPORTER
and
3.6 MILLION TONS
Supplies of vegetable oils and
entering
world beecks
Inlo trade during 1963 amounted to
Lone, In some 3.0 million
al! 'equivalent, an increase of û per ceul over the previous year, but less than
record postwar level of 3.8 million tons of 1951 industrial olis and oilseeds and
the
In prewar years, the Common- pluses of edible
sur-
wealth had large export
and edible-
reiulively ininor Import
vel for the spot month since) and the 1938 figure of 4.3 inillion | balance in the industrial group.
mitally can the Com-
April 22, 19854
Old crop deliveries were
General Moker, og mere that: 21 3
of a gred veur pany's loveERN ahead, barring lalu Bul ties, eloond only. Ye point biggher :: $9615 Chrysler turned an curly garo to a loss of 94 print * $70
There were a few large losets
Bir rafts,
General for Dynames was off 17% to $84.
were among the sytitestrinla. plomla to $79, Richfield 2% to 5744 Техва
and *a[hr
Oti shares
betler
groups
Continental rose
On
23 to $55.
Oro loai 1,243 issues traded, $29 were higher, 452 tower. The New York Stock change bond volume was $8,- 270,000.
tons.
A further rise in
off
trade
purchases
for
con-
Steel Industry
Almost
London, Mar. 3.
three-fifths of the British steel under. takings which the former Labour Government trans- ferred to public ownership has been retored to private hands, today.
Was reported
The agency set up by the Conservativa Government
123
July 1953 to "dena-
Honalise" Iron and stcol planta #aid today in its annual report that about one-third the publicly owned cotton of the in- dustry had been disposed of In its flent 14 months of operations,
Since the report ofletally closed it said disposals in the past five monttu had almost doubled the total bringing the latest figure "nearly three-fifths of the agency's Inheritance."
(Fractions given
are in terms of employment, pro- duction and salen).--China Mall Special.
New York Sugar Market
New York, Mar, 9,
Kurturea
to
World No. 4 sugar closet today unchanged
12 pointa lower with salos of 100
contracta
Domestic No. 8 sugar futures closed unchanged to 2 points higher with sales of 104 con- tracts.
Small trade buying orders developed in both contracts with refiners showing more buying interest in domestic raw futured. Closing futures prices were:
Contract No. 4 (world)
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FREIGHT SERVICE
LAATUS Londo Dua Hongkings
Outwards "CORFU" "CANTON" "CHUBAN"
"CARTHAGE"
7th March
and March
sih Apri
18th Marcła
16th Apri
30th March
2nd May
Via Bouthampton, Park falë, Adas, Bombay, Colombo,
Paning à Singapore
Lanos Dentong Duy Loudes
Homewarda
"CORFU"
"CANTON" **CHUSAN” *CARTHAGE"
11th March
11th April
8th April
9th May
2nd May
30th Mar
0th June
gth May
Via Singapore, Penang, Colombo, Bombay, Aden,
Part Bald & Landen
• Also calls Marusillon,
FREIGHT SERVİCE
"SINGAPORE" loads d/TiŊ Mar. for B'pore, P. Swetten-
Mor.
.expired
May
3.18
July
3.10
Sept,
3.10
Mar
3.10
Bpal (cents per lb. fub Cuba
317
"SURAT"
Contract No. 6
"SHILLONG"
May
0.42
July
Bent
5.01
“SURAT
Nov.
6.37
Mor May
8.41
0.33
Spot-teenis per ib. af NY."
ex-duty
-United Press.
Share Prices
Lower
HK Stock
Drift
On Exchange
By A Special Correspondent
The dividend fiesta is over and I think it's This week saw it in its customary post-dividend depression with share prices tending to drift lower.
Is From 1940 to 1952, however, the Commonwealth was s constant on indicated for 1984. due inainly | Oơn the defensive most of the time to heavier supplies of ground-net Importer, due mainly to the been a little too much for the market.
Kingdom while the deferred deliveres nuts, cottonseed oil, coprn, palm higher level of United
domestic ruled steady.
linseed oil, An out- ] DUTC and
sumption (reflecting the reduced availability of animal fats) and the considerable decline in ship- nents from India, where eon- sumotion has risen more quickly
red production.
Routine March contract liquidation.
Washington plus uncertainties relating to tarm legislation, need to blunt buy- ing Interest in nearby deliveries,
New Orleans brokers, charl readers and Liverpool ne- Follers counts were moderate on balance, with soIYO of the foreign sollers supposed to Le straddle position with against
Ex-Liverpool,
The American Stock Exchange volume wa427 1,360,000 shares.
Dow-Jones closing
on Wall Street today follows
Gazete met 3 van S
13 1h
Mack
40
Tutin future prive index
YESTERDAYS PRICES
Alden the Acy
Allied Chemicals Allis Chalmers Ametiena Archine Americus Metal
Armour
Balwin-Idea-finition
Baltimore & Ohto
Trading volumes and open interests in the Exchange today
were:
--
NEW YORK
Prices of futures closed today
TODAY'S
than
SHARE PRICES
There is no sustained buying support at the moment. Nor can the announcement that there are to be no increases in direct taxation or duties These movements much more in the Colony be expected to bring a return of than offset the increase in supinterest to the market. plies from Nigeria, and in 1948-
The ownership of the long- kong and Shanghai Hotel Com- pany has not changed hands yet
at least it hadn't up till 4 pm
companies so far, the operator I mentioned
62 the Commonwealth import
business Truc, yesterday's
very satisfactory as far as the balance averaged 80,000 tons, in jooked a little more substantial company is concerned oll equivalent, the deficit in 1981 and prices a little steadier but
much as 200,000 tons. Imagine this will be only tem being as A marked recovery In 1952.
porary however, was continued during
Many shares have lost weight 1953, when the Commonwealth following the cloying of the yesterday so I can assume that became a net exporter to the books of various extent of Hoine 100,000 tons prior to the paying of dividends last wo
week hasn't been successfut Preliminary details for 1954 and the issuing of bonds shares; in his "market-cornering" dicate the maintenance of this
this
is inclined to
is ath! make the op
The market is operation.
well- Five interested in this bid by position.
market look even tower. shares are marked Ex Div and known Hongkong businessman to AFTER RATIONING
another two Ex All.
Kam
the controlling interest of Yesterday the shares abbreviation. Hotels. Zatter Shortly after the end of
re-incidentally has
cold at and fats rationing and the
at $18.40 which is a`steatly opparently the caused
confusion. It price on the week. હા. little turn of private trading in United Kingdom, in May. 1954, simply
means that from the Hongkong and Whampoa Doo's the Ministry of Food's long-term share price has been deducted announced a two-dollar tax free 20 900 contracts with the British West the dividend and bonus and that dividend and the least one con
(From Our Correspondent)
Business done on the Hong-
Exchange Stock
This kong morning amounted to $414.965.50. Noon
and the quotations morning's transactions:
לגן !!!
oils
This
19
averages, Month
were 51 Mar
Volume 3,000)
Open Interest
1,300
May
21,000
223,400
July
34.000
45,000
418!
10,800
24,000
153 Ber
0,100
777.00)
ปล.50
Mar
344,000
100,00
100 May
20,000
4100
10018 158.04
July
Total
10,100
2.844,500 holes
SHARES BUYERA SELLERS SALES
BANKS
En Adla XD 200
208
INSURANCES
Lumbard
D65 30
120 BO
200 50
wore
ver
Underwriters
10.30
34.30
K. Whart
coconut oil from New Guinea last week and Papua, Fiji and other Bri-
and
a
34.44
Dock
14
Provident
14.04-05
34.83
(ON) Wheelock
10.40
territories African
allowance has also been made say is that no one was parti- minated, by mutual agreement, for the bonus issue.
cularly disappointed, especially. The contracts for copra
Thus
in the case of Cemonts: in view of the lean time being
they were $43.
The experienced by the Wharves A
at the $2.50 company. AL
glance is paying and
shows
Docks that $1.50 bonus record
This is dividend had making $4
In all.
been
steadily
учка
for
7.19 7.10 3000
34 71
3000 500
730
7.10
LAND ETC.
11K Land
HK Hotel XD 15.40 4815 68 001%
Humphreyn
22.20
$ 22%
100
7034
as follows!
251
Spol
American Smelting
Marcin
Americos Tel
Tel
Miny
American Tobacco" "B"
July
Anaconda Copper
0445
October
Armro Sterl
701
December
Math
10 May
17 July
Bendix Aviation Comp
118)
Benguet Cons
15
Belieben Sicel
1
Doring Airplane
Canadian Pacifle Railway
Came 3. Co
+8
as follows:
Chase National Bank
60
70
Commercial Credit
Commonwealth Elex.
4016 May 40
Commlidated Edison
Continental Steel
Spot March
July October December
8726 March
May July
Chile Copper
Chrysler Mutors
Cum Products
Crane Co. ......
Cuban Amertean Sugar
Curtis Wright
Dupont de Nemours
Eastman Kodak
General Electric
General Fooda
General Motors
Filletve Safety _Razor
Goodrich (3. F.) Co.
Goodyear Tire & Rubber
Homake Mining Co.
International
chines
34.84n
33.01 34.11-15 DOCKS. ETC.
NEW ORLEANS
Prices of futures closed today
LIVERPOOL
74.00
34.73
34.00-00
34.33
34,43
34.30
34.08
34.72
Future closings, Amerleon middling 15/18th inch, in pence per lb. were as follows:
Xn
UTILITIES
Tram
Bar Ferry· 20.70210 300 21
XD
I'mati Ferry 178 183 100 184
17 4420 6 10. Light (0) 10.00
€ 13.00
C. Light (N) 13.70 13
Electric XD 343
Nao Elec.
Telephune
INDUSTRIALS
Cement XAIL
STORES, ETC."
Dairy... Watson
300
30 30 3000 @ BOY%
300 @ 25%
22 2330 1000 € 23.10
Mar/Apr.
31.50
Duesnem Ma-
May/June
33,74
July/Aug.
31.37
COTTONS
International Horventer
Oct/Nov
31.20
International Nicion
Dec/Jan.
31.19
Textiles Nanyang
International Paper
D:O
Oncial values for cotton
spots
International Tal, de Tel.
include:
John-Manville Co.
American midājo
Kennecott Copper
18/10th Inch
MISCELLANEOUS
Yangisze: 5.90
12.2%
Lockheed Alferaft
Leows Incurd.
With inch
20.10
Lone Star Coment
Minnesota Mining.
Montgomery Ward
National Cash Register A
National Plazillors
National Load ..... New York Central Our Elevators Paolße Gas & Electria Pacific Western Oil Pan American Airways Paramount Pictures Philip Petroleum Pittsburgh Platy Glasse Radio Corporation
Reo Motor
Repable Steal
Shell Out Co.
Sinclair 01
Booony" "Voouum
Soulerts Railway (Com.) Standard Brands
Standard Oil of California
Standard Oil of Indiane
Standard OB of New Jer Biokley® Van Comp
Bludebaker-Paoloar
Bwin & Co, .......
Union Carbide
Eaton Phong Tallway. United (as, imp.
us, Liu Co.
American B. L. middling
Mexican middling
1-1/and inch
500 0 8.70
company tish Pacific Islands, however, dividend remained in force.
This Canada, Australia and Pakis-deducted from the market price dwindling since 1981. tan are now the only other net of the share to give the ex- the dividend remained steady importers of more than minor dividend price which would be the first time since the shing significance, South
Africa's $39.
$39. Now the company is also there was that much comfort for Imports, have fallen sharply, making a bonus issue of one ehareholders. while exports, have Increased, new share for every two shares
UTILITIES LOWER following the considerable ex-held. That is, for the market
output of price of two shares, every sharo pansion in its own
On the week, the Utilities' Ist Trams are now has oilseeds, especially groundnuta
three which looks a lot lower. holder works out at $20 each, which is down 30 cent to $21, Lights are existing Ex down 40 cents to 317, Electrics approximately the
are down 50 cents to $35 while All price.
Phones are down from $31% to $3.5 MILLION PLOFIT. $80% (they announced a $1.50 And talking about Cements Itax free dividend on Saturday, hear that they are showing a 10 cents better than last year's rat profit of $3.5 million for the but not enough to
please the
World Rubber
Markets
#
No. 3 rubber par ib. Mar. 80-80% No. 3 No. 4 Bpot rubber unbaled No. 1 pale crepe. Blanket crede
{ year' against $1,879,149 1938. That's, announcement came.
company
last... and
Singapore, Mar. 3. The rubber market fuctunted At the meeting due in about a
time the Chairman at
1# brokers narrowly during the day and fortnight's
in this column unpredicted closed firm on heavy buying by is expected to announce that the
is seeking new equip-recently, if the bonus issue wan trade and short covering.
ment to cut down the Hunghem only one for two, then the Future clotings were:
It steam plums, om 8.00 1009 to No. 1 rubber per b. Mar 07-0716
will bo re-dividend would be increased by Aprik Bili-šti: mambired that this newspaper a dullor. Sony unquoted reported towards the end of last The distribution is $5 (one
that, the year
company had more then Inst year's) and the B4nlandoned the idea of installing bonus issue one for two which
Hung
filter at the factory or means that the shares will notție It would not be completely at an Ex All price of about chuset effective in reducing the density $123 or possibly a little leer.
Which plume.
rubber Futures today closed 80 to 110 of the stealy the company is at seotion: there ths been quite points lower with sales of 241
Apparently
working on this basis: a lump in the raw rubber price. coxxtracts
A speculatively called ter that it clores down one or both in Singapore and the shares on
the | kilns, whenover
Tak the Hongkong market have the Kal mitral markcot reflected Now York, Mer. 8.
$1.01 16/32 rralle action at London, and people phone up to say that low followed in sympthy. Trading (2.30,
plume however, was "on" a light saile sharp Jet-down in consumer clouds plus the steam tha Buyers Soliere buying Interest here both in make flying conditions danger. this week and only menge
All of which can't ba ......... $1,01 10/32 #1917/18 ́ contracts- amic,
business was reported, 10113/23 10138/10 |riarscent BOW 1,01 8/04/2011/04 - 1
3. New York Foreign
SAO PAULO Futures closings, in cruzeirós ori per kila were as follows: 4-*
20.30
Exchange
30.00 England-official rang
Canada
29,50 Cărindines dollar robe! 30.90
30 Mar.
MAT
July
Oct.
cati Dec.
In the United States, tho
31.40 Spot: ORG
high
average price of 15/10th middling Future: 30-day 1.01 11/38 18 13/20
cation nt ten designated spot markets was 88.70 cents, Sales
酸
a
denken
80-62
:
NEW YORK
prevent
and in the outsideous.
?
At one time, the July con- 90-day 10113/32 1.03 32/041-
north 101 31/05 3,03 6712 trong traded a 20.82, with the The den foreign exchange at sale going at 28.90 with
at these centres totalled 30,032 rates were not received United the position goally, closing at Halen United Prass.
Pross
29
„Dealeru Sanic factory wandorenant - In the outside. market: - Ohta nominial---kapad
BANK DIVIDEND Exchange Rates Nowe quoted at 20%
The Board of Directors of the sinomors Maronillo Bank of India, LÀG
have gebornenchef that payment
ofia Boa) diyläond of 7: per cent, Tai insortio tać, ranking: 14 por:
centiin all for the year./.
thefodal
[céerte":"Futures:
LORYCS
the
MESSAGERIES MARITIMES
FAST PASSINGER/
IGHT ERVICE
Bt
"CAMBODGE"
VIE
hem, Penang Colombo, Adeň. Pori Báid, Genos, Marie Havre, Lon- tion, Antwerp, Rotter den & Hamburg
due 16th Mar. from V.K. vie Straits loads 17th Mar. for Kobe Yokohamn due 4th Apr. from UK. & Straiia Juads 8th Apr. for Kobe & Yokohama inad 13/14th Apr.for samo poria
SINGAPORE' above.
마
With liberty to exli ni felawan before or after Biralta Ports and at Bombay if inducement aÜTL Tanks available for carriage of Oll in Bulk. Space for refrigerated cargo. Limited Fassenger sccommodation
BRITISH INDIA S.N. CO., LTD.
"WARLA"
"FULTALA”
•
"SANGOLA"
due Új Mar. from Caleutia & S'pore
7th Mar. for Whampoa & JADAH dus 12th Mar. from Japan
ядк
13th Mar.
due 24th Mar.
ada 29th Mar,
for Singapore. Calcutts
* Chittagong
from Japan
for Singapore, Penang. Rangoon & Calcutta
P. & O./B. I. JOINT SERVICE
"ORMARA”
"OKHLA"
dua 10th Mar, BAI 2011 Mar. dus 30th Mac. salla 31st Mar.
"OBRA"
due 6th Apr. Anila 7 Apr.
from Kakinada & Madr
for Joom
from Japan
tor Singapore, Colombo, Karachi, Barahi, Khor- renatandır & Kuwait. from Japan
tar Singapore. Penang. Colombo. Bombay Karachi
EASTERN & AUSTRALIAN S.S. CO., LTD.
"NELLOBE"
"NANKIN"
dud
KLIK
7th Mer, 8th Mar,
from Japan for Sandakan,
Rabaul, Brisbane, Sydney, Mol- bourne di Adais de from Australia sils 20th Mar. for Japan
dne 10th Mar,
All vessels have Uberty to call af stły porie en or off the route & the route à sailing aro anbject to change or amstidment, with or withons' notior,
For full particulars apply to...-
MACKINNON, MACKENZIE & CO.
OF HONG KONG LTD. Telephone Nos. 27721-4
EVERETT LINES
EVERETT
ORIENT LINE
Fast regular freight
refrigerator
Japan,
to. Korea, service passenger Philippines, Indo-China, Slam, Malaya, Rangoon, Calcutta and Chittagong.
"BRADEVERETT".
Arrives Sails
Mar. 6 from Singapore.
Mar. 6 for Kobe & Yokohama,
"NOREVERETT” |
Arrives
Sails
Mar. 18 from Manila, Mar. 19 for Singapore,
Rangoon, Calcutta,
Penang
Chittagong
(Accepting cargo for transhipment Kobe/Puzani and Kobe/Okinawa)
EVERETT STAR LINE
Fast regular"' 'freight — refrigerator service Japan, Malaya, Colambo, Bombay, Harscht, and'
· Perelan Gulf, * -> ̧(Bubject to mencement for direct call Korea)
"STAR BETELGEUSE"
Arives
Salle
Mar, 17, tróbs Japan,
Mar. 18 for Singapore, Port Swetten. ham Madrus, Colombo,
Bombay, Karachi, Khor
famshahr,
Bahrein,
“STAR ARCTURUS"
Arrived
Easrah, Kuwait &
Mar: 10 froon -Bingapore, :
May, 20› for Kobe
TED PASSENGER Accommon
ospting' charo, For
TTON)