THE CHINA MAIL, FRIDAY, JULY 15, 1955.
TRADE and COMMERCE
SHARES
NEW YORK STOCK
MARKET
New York, July 14.
A late rally, lifting # handful of issues a point to more than 6 points, climaxed an irregular, routing session in stocks today.
Trading was around the lightest of the year. Volume of 1,980,000 shares" compared with 2,360,000 yesterday.
Action was irregular through- out the day with the balme changing efter until the final
rally pulled price: up $1.09 on average for industrials and 0.50 for rails. Of a total 1,187 istues traded, 507 were higher, lower.
408
Du Pont was a leader of the gain of 6
upturn piling up a
points
to 23032
Reynolds.
Metals climbed 021 10 $218. Youngstown Sheet 22 Tulas! picked up 4 to $91.
Jy
Utilitles noved very narrow-I
and
on unchanged WEL
average,
Moving up in the chemicals along with Du Pont, Allied anti Monsanto each rose around a point.
There in oils; with Ohio Oll all point.
were song, soft sputs Gulf, Shell and
dowo around
#1
Baldwin-Lima-Hamilton invi the day's heaviest demand, rising more than a point as the Army showed off a brand new tyPS desci locomotive built by the Company.
New York Stock Exchanges bond volume was $2,840,000.
American Stock Exchange volume was 680.000 shares.
Dow-Jones closing, averages
Incantemle
Amilcap Smelting American Tel & Tel Aineticon Tob. "E" Anaconda Copper Armed Steel ... Armour
Baldwin-Lama-lais
Baltimore & Only
انا
יד
SECTION
SLIP-THEN RECOVER
But "Boom By Stages" HONGKONG Expected To
Continue
SCRIP STILL
STILL SCARCE
By A Special Correspondent
STOCK EXCHANGE
(From Our Correspondent)
Businges done on the Hong- kong Sock Exchange this mom- amounted to $821,005,20. Noon quotations and the mumn-j
BANKS
52800 1810
After a slight setback on Monday share prices on the Hongkongng's transactions: Stock Exchange made a gradual recovery and when trading closed yester- SHABES BUYERA SELLERS SALES day afternoon the market was steady but fractionally lower on the week. This is consistent with the recent pattern of price movements. Looking back through the files I see that in the middle of last month a flood of business preceded a bout of liquidation. In the week ending June 23 there was a lull and then prices began climbing again.
234
ILK Bank 1000
East Asia
INSURANCES
Union Loinbard... 05 Underweltens 20
SHIPPING
Asa Nav...
Brokers believe the "boom by stages" will continue next week. There are all the indications that it will. DOCKS, ETC.
World Cotton Here are some of them:
Markets
New York, July 14. General selling in the colton mucket dropped prices as much as $2.50 a bale today.
The new October and Decem- ber were the heavy lasers with the weakness attributed to sentiment that the Government will lower prices on its cotton stocks in an effort to necelorale disposal of the surplus.
The market dipped even further at the close and prices were off as much as $3,25 a bale. The list fulshed 20 to, 05 points lower. Opened 0 to points lower. New Orleans futures finished 21 to 60 points
**
,י
lower,
Prices also declined somewhal
with the sharp in sympathy drop at Liverpool. Offerings met enly scalt-down trade buying
#
K. Whort.. CHICK
column last week, suffered ⚫ Scrip is still scarce.
setback after the market opera- Money is still coming in tion which took them from $13.90 from Southeast Asia to $15.40 They cased to a low on Tuesday but re- of $14.90 and particularly from covered to close at $15.20. This
leaves filo-China.
them slightly lower on the week
but in a relatively | LAND, ETC. Prives were showing a stronger position and we may hardening tendency yes-ce further rises next week. terday and our Wednes- day.
The daily business has average of stumped fruin m $2.4 million fast week to about $1.7 million but this is under- standable In this week's con- ditions
RUBBERS ACTIVE
16 Rubber shares have again
been active
and according to my reckoning 164,000 Amalgo
157,000 mateds and
Trusts changed hands. Raw material prices however have been rather erratic. Last Thursday the price 1284 Straits cents D. It fell to 120 cents on Monday and
127. yesterday was back to Share
prices fluctuated in sym- generally hesitant pending further deve-pathy with the Singapore rates and they closed roughly steady lepincets from Washington. Oft on the week with Amalgamateds cials believe the results of yes, at $2.225 and Trusts at $3.30,
and Wheclacks were
only shares
and short covering.
Traders
were
terday's meeting of Department Banks, Unions and Lombards,
of Agriculture and the Export Cottons Collon Advisory Council will about
leading #
cotton
season
the
not be known before next week. affected by liquidation.
However,
The Big Three" have specialist said today there is go- ing to be a cotton export pro. gramme designed to sell 5,000,000 kale abroad in the starting August 1. He also said announcement of this plan will be made today, tomorrow or carly next werk.
Trading volumes and open Interests in the Exchange today were:
Month
were:
30
20
THD:
15
utiles
458.89 159.00 64.93
By stocks
4 hond
Cenum. future pilee
Intes
CLOSING PRICES
155.63
Alden Inë, Ary,
$ 271-
Alfed Chemicals
1744;
Allied M11 21.
All Chalmers.
American Airline
Anelem Uyanamade Co.
An. Mach, & dry.
Ameneas Metal
57
511
60
15
14
Hendix Aviation Comp
51
Bestuurt Cons
Betlehem vel
Boeing Airplurie
Honden They Co
Harroughs Add adaphne
3435
Canadian Pacile It..
Case (J. Co.
17
Volume
CJ.T. Financial Corps.
40
Cal Traestcay"
Celanese Curt,
Chrysler Motors
112
July Delober December Morch
Colgate-Patinolive Co.
Commereal Credit
621
July
Commonwealth Elve.
43
Consolidated -
49!
Continental Oil uf Del.
43
Total
Continental Steel
33%
Com Plueto
28%
Crane Do.....
41
Crown Zellerbach
20
Cuban Amer. Sugar
154
Cart Wright
2012
as follows:
Diamond Alkall
434
Spot
Dow Chemicals
45
Dupont de Nemours
Eastman Kalak
May
Erle Rurourt
2315
July
October December
El Paso National Gan
Fomuy Finance Corp.
General Electric,
General Food
General Motors
International Payer
October December
|
Hotels In the land section, have lost 20 cents on the week. und suld yesterday at $17,10, Lands are 50 cents down 10 $. Humphreys, buyers $18.10 last week, sold at $13.90–$18.70 yesterday. Realties have had a very busy week with 111,000 shares changing honds and
show a rise of seven and a half cents 15 $2.375 at the close
esterday.
And now "Chips": on balance they are a shade below inst week's rates. Tramis at $24.20 are ten cents lower than last rate, Yaumalls are Thursday's
$1 lower at $120. Lights, $22.10 last week slipped to $21.80 in "recession" but recovered the
Electrics lost 75 cents
to 122.
1010
500 0.30
600 4
New York Silver
Price Up
New York, July 19.- 'Handy and Herman, bullion dealers,
today raised the price of silver cent to 90% Gents . fine ounce.
This is the third increase in less than A month and boosts the price of the metal to its highest sluce
1920,
The latest quoted, which matches the price of silver on May 31, when it was increased cent, is sald to reflect a tightening supply situation and mounting demand.—United Press.
World Rubber
Markets
4
Singapore, July 14. The rubber markel closed Urm on.
Con- Australian and tinental acceptances after some
74 2015 200. § 76 heavy liquidation by speculators
27.20
2300 -9.03 1000
9.10
1500 @ 8:30
per lb.
112:9-11311⁄2
100-109
Provident (Old) Wheelock ..
was well
absorbed.
Futures
15 15.20
were:
91% 9.40 2500 9.25
No. 1 rubber per lb.
July
13834-1281
Aust.
2000 64 3
Sept.
12319-32324 unquoted
D9J0 0.20
No. 2 rubber per ib.
10004 0.21
July
120-121
No, 3 rublier per it.
July
IK Hotel..
1717.10 3800 17
Na
rubber
July
13007.10
11K Land
711
Blanket crepe ......
72 JUD 71%
1000 7195
18.80 300 2.37% 2.40 20,000
16.70 2.3715
24 24.30 150
Humphreys ideally
UTILITIES
Tram
Star Ferry
300 + 17
H0 0 72.
Y'mati Ferry 120 121 150 K
120
C. 11! {0) 22210 3DO
Light IN 17.30 17 Electric .... 424 425 Telephone. 3434 34ía, 700 or 347
Spot rubber unbaled ...
No. 1 pale crepe
NEW YORK
The future
1201-1231
2015-10015
128~120
Futures today closed 25 to 00 points higher with sales of 425 contracts.
markel rose on 19 higher London and Singapore cables with all deliveries reuch- 42ing new highs for the reason.
On the outside, most of dealings were done on the ter- 3216 3234 1000 32minal markets with physical
offerings duli.
1 Ras was quoted
at
cents. 4044
INDUSTRIALS
Cement
Коре
- 17
STORES, ETC.
Dairy
22.00 23.20 3000 WALDA ... Han
Crawford 321⁄2
Spot No.
nominally
23 24
Futures:
+273 60 1440
Spot
100 123
Dev
Mar.
COTTONS
May
Textiles Nanyang.. 015 1.00
0.15 0.30 2500 V! 0.20
July
Scpt.
7.00 7.13 1000 7.10 3.60 3.63 30K) a DIS SUNG 3.53 1933 4.80
MISCELLANEOUS
Yangtze
Allied
Singapore
Stock Market
carlier in the week but re covered to $424. Telephones are $344 against $3514 last week but seem to be holding steady at the lower rates.
Cements are down 50 cents not on the week to $32 and Dairy Farms after being 50 cents lower earlier have recovered to been
$23 which represents a loss of 30
last since cents
Thursday, Watsons ure roughly steady but Line
Crawfords Lane
bo seem to
Singapore, July 15.. going from strength to strength. Brokers today quoted the fol- Allowing for the dividend, they lowing stock prices:
Opening put on $1.25 last week and this week they are up $1.75 on alatu Lintang Rubber Co., Ltd. $1.53
Burr.co f'etroleum buyer's quote of $324. There British
Synergy
43,00 have been gradually ingrensing Consolidated Ti Smelters
all week but no sellers Crd.
34/60 bids
Fraser & Neave Ltd. Ord. 51.72 have yet appeared.
Fraser Heave Ltd. 72%
cum, pref. ..........................
30.53 Bongkeng & Shanghat Bank -
ing Corp.
$AJA* 7/10d Hongkong Tin Ltd.
$1,03 Kempas Ltd.
$.10 $3.03
in good demand and they closed at higher rates yesterday with Banks up $10 to $1800, Lom- bards up $2 on the buyers' rate Lo $50 and Unions up $10 on the buyers' rate to $1,010. I don't know whether
my re- marks about the cotton section Jast week goaded these shares They have been into, activity. full for some time now, but in of spirited emula- an exhibition of flon they began to chase after the gene
general market this week. And the result: Textile Cor- better at poration are 45 cents $64 while Nanyangs are almost
dollar
t $0.00. That's better
Ice House Street. nice
Kalng. men say these shares have been 251,400 2,118,000 bates undervalued for a long time and that the new levels more fairly NEW YORK
reflect their actual strength.
Open Interest
13.300 45,500 87,500
310,100 30,000 CBR.300 1200 183,200 18.000 307.200 18300 164,200
$,200
500
25.700 7,500
Prices of futures closed today
October
December
March
n
NEW FACTORY ·
0125
that Nanyangs 7 hear talk Х181-30 33.90-07 expert an excellent year and 33.00
although no one I know has 234,12
actually put this into words, the
33,55
BROKERS' OPTIMISM
کے تعلیم
Lunas Rubber Etates Ltd... Malayan Breweries....... New Berandah Rubber Co.. Petaling Tin Ltd. Names Hotel
Ltd.
That completes the picture. As I said brokers are full of optimism for next week. The underlying strength of the market has certalaly not been impaired by the weakness we saw earlier this week and my own beller is that we'll see Singapore Cold Storage Improvement in prices by next Thursday but possibly the movement will be slow.
en
I don't think the publication of the trade figures had any on tho market. They effect show very little change on the
over the 1054 Agures which is a good sign.
Swah British fizurasten Co.,
Lad Straits Trading Strait Steamwalp United Engineers Ord. Weurne Brus,
cundiv. China Mali Special.
$1.07
$4.42
$235
$1.03
the
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FREIGHT SERVICE
Outwards "CARTHAGE"
"CORFU"
"CANTON"
"CARTHAGE"
J.naves London
Yallen
21st July
17th August
Doo Bangkong.
28th July
33rd August
10th September
14th September 11th October
Via Boulhampton, Port Bald, Aden, Bombay, Colombo, Penang & Fingapore
Homewards "CARTHAGE"
"CORFU" "CANTON"
2008 July
Traver Hongkong
Bus London
20th August
20th September
27 Augus
23rd September
"CARTHAGE”. 21×1 October
24th October
21 November
Via Singapore, Penang, Colombo, Bombay, Aden,
Port Fald & Landan
FREIGHT SERVICE
"SINGAPORE” dus 2nd July froin U.K...
"SOMALI* •
londe 23rd July for Kobe & Yokohoma Fonds 97/2011 July for S'pore, P. Swetten. Кат. Penang, Aden, Part Said. Genan Marseilles, lavre, Lon- don, Antwerp. Rotter dam & Hamburg
With liberty to call at finiawan before or after Straite Ports and at Bombay if inducement offers. Tanka available for carriage of Oil in Balk. Space for refrigerated enrxo. Limited Passenger necommodation
BRITISH INDIA S.N. CO., LTD.
"SIRDHANA“ duo 22nd July from Japan
salle 23rd July
"SANGOLA”
“FULTALA”
duo 20th July
sails 27th July due 7th Aug.
for Singapore, Penang, Hangoon & Calcutta
from Calcutta, Rangoon & Stratta for Japan
from Japan
alls 8th Aug. for Singapore, Rangoon
& Chittagong
P. & O./B. 1. JOINT SERVICE
"OLINDA”
due 1811 July salls 17th July
from Japan
for Singapore, Nadras, Karachi, Hasrat, Kitor- Tanshahr & Kuwalt
41.20
30.80
37,90
36.35
34.53
33.55
"EASTERN"
"NANKIN"
EASTERN & AUSTRALIAN S.S. CO., LTD.
Aue ist July from Australia' all and Aug, for Japan
dhe 10th Aug. saila 2011 Aug.
LONDON-
The market was frm with spot quoted at 38 pence per lb. Prices:
Settlement house term:
Artkust
3734-2014
Supternber
Oct./Dec.
Jan./Mar.
Apr./June
3614-35
30%
General markets, elf barls,
July
August
September
Estate crepe tilek July 30%
Un Estate prope
July 30%
AMSTERDAM
The marketzwas arm. Prices closed today in gellders per kilogramme, cit Aug. as follows:
No. rubber
No. 2 rubber
No. 1 rubber No. crepe
3.55 pak Avo invers
3.10
3.50
United Press.
New York Sugar
Market
New York, July 14. Work No. 4 sugar futures 10- $20.00 day closed unchanged to 2 points $23.00 higher with sales of 52 con- $14.80 traets.
11.15 $2.73
Both
3126-20 suggestion is that the company previous month but confirm the LONDON STOCK steady
34.10
NEW ORLEANS
Prices of futures closed today as follows:
Spot October
December
32.60
might make a higher distribu- tion next year than the dollar they paid this year.
The
increase
certainly cotton trade
I was interested to read yes- seems to be doing well at the terday that "several" American moment and I see that a large businesses in Japan are con- 39.83-04 spinning factory, operating 7,200 sidering 3300 spindles has recently begun kong
operations
34,00 54.30
33.52
MARKET
Sept.
Def.
MAT.
5.20
Contract No. &
Domestic No.. 6 sugar closed unchanged to 1 point lower with sales of 101 contracts.
world
domestic and futures were quiet and about
Some offerings for Aug.-Scpt, arrival were held at 6.10 cents ja pound in New York today but
some believed available
Jower London, July 14.
Contmet No. 4 (world) transferring to Hong-
Stocks moved irregularly in bld. Futures: following the Dlet's de-moderate trading on the Lendon cision to raise taxes on foreign Exchange today. they reached investments. Wherlocks Colony.
Most changes amounted to less
May the 19 mark-which was in-
than a shiili with only a few July Into evitable-but a week
on. I phoned the American Con- special issues moving More Sepit, the predictions I've been giving. sulate yesterday to see if they widely, among them Associated Spot-teents per ib. fab
Cuba) The crystal-ball gazer who has had any information on this re- Electrics, up 2 ed. General closings, American been my Informant ali along pert-made by American
an
Electric up is 6d; William Cory, | Aug, on this share predicts $0.50
50 25 business executive, Miss Mar-up 2s 6d and Lancashire Cotten, Sept. their next big achievement garet McGowan-but they, have up is 71⁄2d,
he thinks will
come no news of any transfers being | Oils were exceptionally active say some time next week. And considered at present.
with Burmah Oil/up 5s 6d, Bri- he still thinks they're
tish Petroleum 28 and Shell is running to
Gd. Royal
yal Dutch, on the other hand, lost £1.
Government ssues moved
#1 the closing higher, day's best levels with rises as much as £12.
German Potash bends both
£2 1010
to feature foreign collar bonds.
Most Japanese were fraction- ally higher with the Tokyo 1% featuring on a £2 gain. United Presa.
Gen. Pub. L
Gillette Safety Itazur
Glidden Co
Goodrich (1. F.) Cu.
04
Goodyear Tire
Hayden Chettral
1015
Tomstake Mining Co.
ingerroll-Rand
inland Steel Co.
77%
March
May
Interobemical Corp.
int Business Machines
July
432
Int Harvester
international Nickel
October December
73 10315
Int Tol & Tel
John-Manville Co.
279% 83%
LIVERPOOL
Konsy C. Power & Light'
41
Kenneesti Copper,
117
Liggett Meyers Tali. Co.
Future mildding. In pence per lb. were
0431
Lockheed Aircriti
as follows:
Loews Incom...
221
Lone Star Cement Co.
014
July/Aug.
Liviti & Nashville R.
115
Det./Nov.
Lowensieme Song.
27%
Dec/Jan.
$1,00 30,00 20.81
Mesa Iron Corp.
bot
Mar/Apr.
20.04
Minnesoin Milpit
111
May/June
29.63
Mission Development
301
Monranto Chemical Co.
130
SAO PAULO
Montgomery Ward
Motorola Inc.
32
National Cash Reg. “A"
National Dairy Prod.
4235
National Distillers
National Lend
National Steel Com. New York Central Olla Matlilerus Oil Elevatoru
Owen-lilinola Oint Pacific Gas & Klee. Pacifle Western Oil
Pan American Airwaya
Paramount Pictures
Parke Davis Co.
Tonn. Salt Co.
Philip Mornin
Philips Petroletin
Pittsburgh Pinte Glen
Future closings, in cruzeiros per kilo were as follows:
Oct,
Dec.
Mar,
May
34.50 33.680 34.65
in the later brit 312
thi
New York Foreign British
Exchange
year. The little know about rather Indicales this company that $12 sometime in the next six months is a prolly fair bet. And if you bought at around don't think you can $7. I grumble even
sell at $10 If
you
New York, July 14. ar $11.
Canada
61.61-17/32 34.70 Аргород Wheelocks:
the England 30-day futures. 2.77
..01007 In the United States, the Hongkong and China Gas Com-Belim
pany announced they have de- average price of 15/10 middling elded to pay a further Interim
The free market rate of the colton nt ten designated_spot dividend for the year to Decem-Japanese yen to the US dollur, markels was 33.77 cents. Sales ber 31, 1954 of 10 per cent lesss quoted by Picks World Cur- at these
centres totalled 3,380 tax (HK profits tax, of course)ency, Report: 305. 401k bnics.United Press,
to shareholders registered an Fress.
3032
401%
401
40 P
DELG
70
Studebaker-Packard Corp.
10
WITE & Co.
39
Procter & Gamble Co.
Puntieker Industrien
Pure Oil....................
Radin Corporation Neo Motors
Republie Flesl
Reynakin Meinl
Shell Oil Co. Sinclair Oil
Hoenny Vacuum
als Bouth Porto Rico Busar
Bouthern National Gar Boulham Bathway. (Con.)
Texas Co. .............
50% Tide Water Ann. Oli
10% Twenty Century Fox Fi
45 Union Carbide
210) | Under Pacific Railway.
001, United Alcraft
88% 14.8. Gypatum...
US. Line Co.
SERUM. Itubber.........
36 U2. Bereiding
.0014
100
WestVar" Pulp Be Papar Woolworth
“United Pres
August 5. They also announced
that they do not now Intend to
recommend a final dividend,
-United
Yangtze Finance appears to London Foreign
be fem at virtually unchanged rates. The same is true · of Ailleds which closed the work at $3.00,
RÉALĪTIES BUŠY:
Exchange
New York
•Adnatærðará
There is bod Fother. istuo worth dlicusing before I mèné tion Blue Chipe), and that is abo China Providend. There shares, Stockholm sa brakoja predlótød : in,
Para
London, July 14,
of
Nov. March
Bpot-(cents per lb. clf NY
ex-duty)
4.05
--United Press.
Exchange Rates
Businern was done in the local uncial
น exchange market morning at tite following rates: U.S., dollar (per $1) Sterling notes (per £1) Australian notes, (per £1) Indonesian rupiah (per 1001 Biam ticala (per 100) Singapore (Siraits) Indo-China plastros (per 100)
MESSAGERIES MARITIMES
P.O. Box 63. Queen's Building. Tel: 26681 FAST PASSINGER/FREIGHT SERVICE
sailing July 17th. *********• Gailing Aug. 18th
TID NAM "CAMBODGE"
FAST:FREICHT" SERVICE
DONAT
United · Prend")
lling Aur, 18IN, Sept. 21st
from Зарда
for Sandakan, Rabaul, Brisbane, Sydney, Mel- tarne Attelaido
All vessels have liberty to call at any ports on or off the route & the route & sailing are subject to change or amendment with or without notice.
For full particulars apply to:- MACKINNON, MACKENZIE & CO.
OF HONG KONG LTD. Telephone Nos. 27721-4.
EVERET
LINES
EVERETT ORIENT LINE
Fast Regular Freight. Refrigerator Partonger Service Loading for Singapore, Penang. Rangoon, Calentia and chittagong.
*DRADEVERETYO
"LENEVEÄKTT"
"REBSVERETT"
"NOREVERETT"
Arr. July 17
Aug. 1
Sails July Aug, Sept. 7 -- Sept. 0 - Sept. 20 - Sopt., 21
18
2
Arr, Aug. 10
Sails Aug. 11
21
- Aug.
24
Sept. 1
Loading for Kole, Osaka, Nagoya, TokoláZIM.
"REDEVERETT"
NOREVERETT”
"DRÄNEVERETT"
"LENEVERETT
***Aug.
-- Sept. 2
- Sept. 5.
-- Sept. 23 LIMITED PASIENGER ACCOMMODATION.
All the abovu subject to 'alteration without matice..
EVERETT STAR LINE
FAST REGULAR FREIGHT REFRIGERATOR SERVICE Loading for singapore, Fort Swattends Madras, Colombo, Bombay, Kafachi & Persian Gulf Port "A6"
"STAR DETELGEUSE,
"STAR ARCTURUS" *THAI"
10 Art. July
Aug, 20
Balls July
17
Aug. 17
- Sept.
D
Sept 10
Sept. 20
"STAR ALCYONE" -
-
Bept. 21
- Oct.
14
- Oct. 10
Loading for Kobe, Osaka, Nagoya, Sokohama.
"STAR-BETELGEURE” * AFT.” July (10
*STAR ARCTURUS"
"THAI”
HSTAR ALCYONE"
PL & O »
20 Sails July Aug. 13
Aug. 14 Aug. 27 --- Aug.” 28 Rept. 18 Sept. 17
- Oct.
LIMITED PASSENGER ACCOMMODATION,
All the shore subject to alteration. Without sottol
EVERETT STEAMSHIP CORPORATION S/A- (Incorporated · In the Republie at Panama" with - Limited - Läsbility); Chinese Departmentr Telephone 28293. Queen's Building, Telestrone 31206,