THE CHINA MAIL FRIDAY, FEBRUARY 22, *1957.
TRADE and COMMERCE SECTION
Page
WORLD New York Cotton
SHARES MOVE UP AGAIN WORLD
RUBBER MARKETS
New York, Feb. 21. The rex contract rubber futures today closed 10 to 80 points higher with sales or 20 contracts.
Futures On Upgrade
New York, Feb. 21.
Pro-holiday covering and March contract adjustments, combined today to keep cotton futures on a slight upgrade for the second day in
Volume Open interest
10,000
But Prices Close The Share Market At A Glance ★
Below
Up or
Jan 17
Jan 24
Feb 1
Feb 14
Feb, 21
down
1015 37 95714#
1600b
10100
1615
+15
38n
37
28m
steady
03214
84734
945m
steady
0.75xd
0.75
6.75
0314b
9714
102
6.85 10034m
Mar.
49b
49
45xd
403
+750
May
30.14
13.306 14.906
13.20
13.40m
13.40
13.30
--100
Jubr
24.03
15
15.20
15.30
15.60
+200
Sept.
20.00
a row,
Nay,
62
62
61
6314
0434
+-81
Jatt.
29.10
JUIC Realty
1.3256
1.325B
1.40b
1,420
1.425
HK Trams
33.40
Star Ferry
143
23.20 143
23.50
23.40
23.30
steady
200
Mar.
30.83
1409
144
142m
Yaumalle
103
103
104
104
103
+51
Ch Lightn Electrics
23.30
23.10
22.90
23
ak
+100
Standard contract closed 30 points higher with no sales reported.
10 ig
Abrodice of lendors on first | Month delivery day brought scattered March covering on the epot month, July which edrog up to near the Oct 3516-cent level for a cumulative
MAT.
3144
31
314
31
3114
+269
24.60
24.30
24,00
25.40
26.70
+306
Mar.
30,10
G.I. Coment
384
384
384
381
373%
31.25
Mary
20,14
Haley Farm
15./10
15.40
16.90
15.00
10.10
+800
July
29.03
the market
Sept.
29,00
a
A.H. Watson
13.60b
13.70b
13.00M
14
14.20
+200
Nov.
20,40
recovery of about 3 cent from Mas Monday's low,
After gaining 50 cents a bale, eased at the close under day-trader reallalang bulb, wero as follows:
July
Tifal
Yangtses
On
6.101
0.100
--100
Jan.
20.10
Mar.
28.03
Ailled
4.850
4.85m
4.85n
4,8Bn
4.80
-50
still closed net 2 to higher,
4 points Old contract
IFE Inv
9.80n
9.70b
9.75b
9.70b
9,750
stendy
were up
2 to
also New
Mar/Apr.
May/June
July/Aug.
Textile Corp Nanyang
4.40n
4,40n
4.70
4.70%
4.70
Oct/Nov.
Dec/Jan.
1.16h
7.00b
8.35
8.40
8,25
23.30
May
44.500
10,300 $79.900 7,400 239,000
1500 151,000 115,000 43.00
1200 89,100
000
15200
2,400 28,604
42,100 1,000J100 bakım
LIVERPOOL
Futures closinga, in pence per
The Week's Highs $52m TURNOVER
By A SPECIAL CORRESPONDENT
Turnover again topped the $5 million mark this week when share prices registered further rise the Hongkong Stock
Exchange,
on
But prices closed generally lower than their mid-week highs after two days in which a slight drift was apparent.
This week only dividends were
three announced
--A. S. Watson's unchangel $1 and one for six bonus issue, Green Island Cement's $4, also Un- changed, and Hongkong Engineering's final of 10 | cents (plus 10 cents interim -making a total of 20 cents) and cash bonus of 20 cents a share.
I hear that Dock'a dividendi ta due "ny day" now and they
bro expected to show n pro! of about $7 million
throughout the past week it was disappointing to find that there
was no real follow- through to the more promising fone evident early on.
However, the business has been steady with the total turnover exceeding $5.5 million,
volume
MARKET DIARY
Here is a lary of the week: FRIDAY: Stimulated
which, if
MONDAY!
true, is on improvement of about $3 million on last year's figure.
LAND SALE
They paid $3.50 dividend and bonus last yeas
52 against dividend fra 1954 on their $2,10 million profit.
Yesterday the share sold at a high of 34744 which is 70 cents up on the week nud talk is that; distribution
may egula bre
higher. At the same time there โ talk of a land sale In Aberdeen which may also résult in a carh hand-out to share- holders.
These are the factors behind Dock's rise this week.
Hongkong Hotels are up 20 conts this week which takes them up. 00 cents on the month. There is a market report that a new issue may be made later.
Yaumati
higher they are to $107-$108 earlier TOSC wealt-on reports of betler earnings. Dairy Farms, up 20 cents on the wećit, are also sup- posed to be showing better results.
this
CEMENTS LOWER
Cements have Jalten $125 on the wook after quite
A long period of steadiness. Although they are paying on unchanged $4, earnings are reported to be down.
TUESDAY:
further
Company
دا
of
MARI
ZIEMAN,
the Stock Market
closed on a more cheerful
ruited
770: $1,734,000. Markel sleady with in- terest
faurly widespread. T/C
$1,080,000.
tend
to
BK Dank Lombard Unton Wheelock HK Whart HK Docks Provident HK Hotels HK Lands
HIK Telephane
1640
3739b 9571
7.20
93
steady -150
WALL STREET LONDON OIL
STOCKS SHOW IMPROVEMENT
New York, Feb. 21.
SHARES
IN DEMAND
Extreme quietness of the terminal market was coupled with pre-holiday consideration, the unwillingness of deniers to trade pending the development of now incentives, Steadiness of the primary
markets restrained sellers.
While potential buyers con- versely were hesitant in face of the continued slow domestic consumer demand.
Switching of September-
March and March-May contracts made up a part of the small
Opening prices 1 points, Orleans closed up 2 points,
A higher domestic consump
ion report for January, along with soll bank and loan con- siderations helped to keep prices above the previous close.
picture Was
tex
The
New contract Mar/Apr. May/June July/Au Oul/Nov.
Dec/Jan, Egyptian
Karnak Jan/Feb.
SAO PAULO
per
In
Closing futures prices, Cruzeiroa
kilo WETC 95 follows:
March, May and July unquated.
32.40 38.50
export coloured
by news of colton pur- chase authorisation to Italy for the 5,000,000 sufficient to cover purchase of about 33,000 bales, The contracting period will be October Feb. 27 to May 31, with delivery | December to be completed by
mid-June. In the US the average price Когда
cotlan also was reported in of the
for about 20,000 designated spot market market bales with offers due on Feb. 20 33.80 cents. for March-April shipment. London, Feb. 21.
Shipment offerings wore ro- Open March contracts today Prices on the stock exported light and too high priced totalled 64,500 bales the certi change favoured the up. to interest local buyers. Spot fented stock remained at 3,881
No. 1 Rss was quoted nominally bates.
Stocks improved, irregularly with special | side in a mixed and quiet issues showing strength today.
asta Kodak
Trading Bghtened in advance | Easter Airlines of the long holiday with a few outstanding exceptiona. Indus take lost 2.07 points no rails .52.
Prices fractional-
Corporate news was mixed, where ly lower
cils, Gulf Oll lost 2/2 Ju changed. $1,080,-
pointa,
1, Royal 000,
Getty Oil Dutch
Standard of WEDNESDAY: Prices
136. and
Other olls drift lower. T/O: California a polat,
were easier with the exception $540,000,
of Barber which rose 3 points after falling to appear on the tae yesterday.
THURSDAY:
No
material change. Prices fluctuate either way within nar-
Steel issues sold off with US rw Umits. T/O:Sicel down a point. $1,178,000.
HONGKONG
STOCK EXCHANGE
(From Our Correspondent)
13
Chrysler lost a point In the motors, Du Pont in the chem- leals, and American Smelting in the metals among
the leaders. Rails held in a nortow area.. Most utilities were higher,
Feature
tis Huffman machinery, pearing on blocks ranging
El Passo National Gas (New) Filly Finance Corp
treatube Tyre
Ford Moter
Ceneral Electric
General Foode
General Motors
41
trading day.
bolstered Increased demand
British 31olls, with
Petroleum, 23 Shell Transport and Royal Dutch
the lenders.
399
Gen. Pub. Utu Getty Oll
Glidden Co. Goodrich B. F.) Co. Goodyear Tyre Our Ol
110%
Hoyden Newport Corp.
Homstake Mining Co,
Ingeril-Hand
Inland Steel Co.
74
627
3074
International Nickel
Int'l Business Machinga
Inti - Harvester
International Paper
Int'l Tel & Tel
| John-Manville Co.
Kennecott Copper
Liggett Meyers Tou,
Some low-priced industrials improved slightly on good earn- ings reports, but the overall list was quiet.
Early losses in British Govern- 12ments bands were pared down
to fractions by the closu,
Copper shares attracted some 100% small support, and some scatter- recorded 100% ed smail gains were
31 among rubber issues, Dollar
stocks were irregular,
Kanson C. Power & Light
sa
100
057%
40
10
331⁄2
NEWS TN Aircraft
Incorp.
Lone Star Cement Co. (New)
Lowenstein & Suns
McDonnel Aircraft
Mesabi Iron Corp.
Minnesota Musing
Mission Development
Monsanto Cheinical Co.
Montgomery Wani
ap-
National Cash Reg. "A"
10
National Dairy Prod. Nallertal Lead
30,000 shares. featured the
National Steel Corp.
Owen-Illinois Glass
Ous Elevators
market in lumover. Central New York Central Hustson Gas & Electrie, ordin- Olin Mathieson arily a dull issue, had a 10,000- share block. American Radiator Jate in the day appeared GD blocks ranging up to
8,000 shares.
Business done on the Hong- Vonk Stock Exchange this morning amounted to
$585,000. Noon proximately
Otherwise the dealings were morning's quotations and the
Shall with sales for the session) transactions:
totalflag
1,080,000 shares, Bayern Sellwes Balen
past 1,700,000 shares in the 21013 previous ssion, 1020
Bhares BANKS
HK Bank.. 1005 EDS Antu
INSURANCES
Viton
0.00
100%
$HM
to br
10
045 ሁ
6.00 2000 or GIS
102
Both Hongkong Electric and China Eights are slightly higher | Lombard
SIEPPING but brokers do not expect very
Wheelock much movement in these shares
DOCKS, ETC, until the companies have given K. Wharf. their caswer
Dock to protests against
Στον. their decision to raise the sur-LAND, ETC.
(0) 13.20 13 1000 + 13.30 charge.
there Hotel 15.00 1580 1000 Brokers feet 13
to believe that the companies will alter their
decision
no reason
www....
15.00
500
e 15.10
2500
16.00 2000 18,70
04 04% 2000 044 1,375 1423
All security and commodily markels throughout the US will be closed for the Washington's
birthday holiday.
Pacific Can & Elec.
Foreign bonds continued quiet with Japanese liens showing sume firmness-United Press.
New York Sugar Market
New York, Feb. 21. World No. 4 sugar futures to- day closed unchanged to 5 points lower with sales of 431
business.
at 30% cents,
SINGAPORE
The market opened higher on slight overstas improvement but exood lacking interest and ruled quietly steady throughout the rest of the day.
A
FP
No. 1 rubber per ib. Mar. 0034-87 Apr. 8044-07
03-0915 No. 2 rubber per Ib. Mar. 843-844 No. 3 No. Spot rubber unbalad Blanket crepe No. 1 pale erepo
801-811
8036-87
2011-7836
one-inch
at
14
TAMOS
Total sales at these markets was 24,001 bales.
New York and New Orleans cotton prices were unavailable-- United PresI,
P.OBIE&
COMPANIES
PENINSULAR & ORIENTAL S.N. CO
PASSENGER/FREIGHT SERVICE
Leaves London Due Hongkong
In Port 30th March
Sabed
Bth Ma
LONDON
The market was steady.
quietly
Outwards "CANTON"
Spot No. 1. It spot ....
Settlement house tenn:
2573-26
"CORFU”
"CHUSAN”
March
2941-20
"CANTON"
April/June
July/Bept.
Dot/Dec.
General markets, cit basis, ports
Feb.
Mar April Extato
Crepe thin March
thick March
AMSTERDAM
The market was steady, Prices closed today in guilders per kilogram, clf March as follows:
Pan American Airwayni Paramount Pictures
1
30% x
Jurke Davis Co.
*4432
con
Penny J. C. Co,
73P tracts.
Penn. Sax Co. Philip Morria
30%
No. 1 rubber
43
TH
Domestic No, sugar futures closed 1 point higher to 3 points Blower with sales of 244 con- 391 tracts.
No, ebber
No. 1 crepe
00
Procter & Gamble Co. Pittsburgh Piste Glass bileker Industriai Pure Oil Radio Corporation Republic Steel Reynolds Metal saint Reg. Paper Shell Ott Co, Sinclair Oil
Socony Mobiloil
Solar Aircraft
Bouth Puerta Rien Sugar
Southern National Ga
Steep Rock (Torontoex.) Standard Brands
NY Sluck Exchango bond Southern Hallway (Com.) volume was $3,045,000,
American
Exchange Stock volume was 640,000 shares.
Dow-Jones closing averages
were:
30 andlustrials.... 20 Keila
but apparently In- Land vestors are waiting to see,
Realty RUBBER Amalg.
3.475 1,45 11000 or 1.45 10000 1.42!!!
20.00 1.45
15 1112th-z
i
Trust ........a UTILITIES Train ...... 23.10 2330
1,00
Star Ferry.
240 244
Yaumati
103 100
C. Light
22.00
Electric
up $1 to $04.
AS. Watson's
Profit agains!
COTTON Textiles Nanyang ..
24.00
་
37 31
13.00
600 £31.25
57 491,25
13
Standard Oil of Cal. Standard Oil of Ind.
Standard Olt of NJ, Sterly Drug Co. (New) Stakety-Van Camp
Studebaker-Packard
Swift & Co.
Texan Co.
440.23 Tide Water Awan, nil
U.S. Rubber
12
3514
World futures drifted lower on pre-holiday evening-up opera- tions between the trade commission houses.
and
40 Dealers sald A substantlar
12% foreign demand for world raws
Is in the offing but buyera in were unimpressed futurTCS apparently because raw buyers definite indicated a
of
for Commencement
Domestic No. 6 futures were
No. 3 rubber
2.50 buyers
2.47 buyera 242 buyers
2.70 paid
United Press.
Singapore Stock Market
Singapore, Feb. 22. Brokers today quoted the following stock pricta;
49/65
عيد البيه
6th Apri
2 April
11 June
Via #outhampton, Columbo, Pening & Singaporn,
Leaves Hongkong Dus London
18th February 5th April
Homewarde
"CANTON"
"CORED"
17th Mac
"CHUBAN"
"CANTON"
3rd April
5th June
12th May
12th June
To be advised
Via Singapore, Penang & Colombo. FREIGHT SERVICE
due 2nd Mar, "BOUDAN" "BALSETTE" jonds 5th Mar.
"SINGAPORE"due 13th Mar. "BALLARAT "dus 17th Mar.
due 23rd Mar, "SOMALI"
from UK.
for Singapore, P. Swet- tenhero. Perang Lost- don, Hamburg, Rotber» dagi de AntRNET
from UR
from UK.
from U.K.
ALL VESSELS OUTWARDS AND HOMEWARDS GOOD WILL PROCKED BY THE CAPE OF
HOPE UNTIL FURTURE NOTICE.
BRITISH INDIA S.N. CO., LTD.
1158 A HUNDRED YEARS OF SERVICE --- 1969 · from Calcutte, Rangoon
"BANGOLA” due 23rd Feb.
salls 24th Feb.
5th Mar, "FULTALA" due
axila · Oih Mar,
& Straite Kar Japan
from Japan ·
SOL BIGADOrs, Hangdon, Chittagong Visakhaper- nam & Kalcisada
from Japan
for Bingapore, Batang Rangoon de Calcutta
P. & O./B. I. JOINT SERVICE
"UMARIA"
19
44
6311
23% have not
Ja dato
operations.
301
148.08 Time Inc.
13
103.30 Union Carbide
1034 Twenty Century Fax Filin
0114
90.93 Union Pocille Railway
quiet and mixed white traders awailed developments in
the
longshoremen situation.
Batu Lintang Rubber Co. Brilian Homeo Petroleum
Byndicate Consolated Tin Ametters
Opening
$1,82
31/-
17.9. Folt
"SANGOLA" due 15th Mar. alle 101 Mar.
"
Contract No. 4 (world)
Finsor & Neare Lid. Ord, Froger & Neave-77 cumi.
pret.
2
4135
Mar
3.85
Gammons (alaya) Limited
May
0.00
Hongkong
Shanghai
Co
July
6.00
Banine Corp.
Sext.
Hongkong Tin Lit.
197
Mar.
4.024
Kempas Ltd. .......................
May
4.02
43
United Prom
434
July
4.02
19.00
Spot-fccnta
Per lb. tob
New Berandah Rubber Co.
Cuba)
6.25
Lid
$2.43+
Open interest: 7450 contracts.
Petaling Tin Lid.
33,03.
Raffles Hotel
$3.25
$1.58
Contract No. 6 (domestic)
Bouth British
Imuranes
$32.50
Birate Trading
$20.00
May
5.00
Steamship
16.70
Tui
0.78
United Engineere Örd.
$0.70)
Sept.
5.20
Weare Bros.
Noy,
4.02
Spot-cents per b. ch NY
ex-duty)
CLOTAY.
China
Mall
Special.
8.00
Open interest: 3,107 contracts.
United Prem.
387
20
33
PRICES
Hongkong Banks close
$1010 up $5 on the week but ard down $15 from their high on Monday.
11
The market reacled well to Hongkong Land'a
for 13 Issue (announced in this columa last week) and the shares moved | Maono E.
WATSON'S FIGURES
Telephone
23 31 311
0.70 +
(2.70 24.30 1700 & 25.80
INDUSTRIALS Coment
Rope ...... Ogures lost
week deservo comment.
de given a $1,028,303
STORES, ETC. Dairy Watton
last year's 3039,179. This is a good increase but it is still below Lane the 1932 figure of $1.00 million (when the Company was paying improvement
$3 dividend).
In the
company's position will
be well receive however.
Together with the unchanged
$1 dividend there is a one for six bonus issue which will in- cr9160
Holders of 100 in
to $7 million from $0 million
shares should receive 17 bonus phare on top of their dividend cheque which should be ample compensation for the unchanged dividuxt
This weeks,
clever shares
200 24.80 243 24.00
300 371
500 g 13.18
10.10 1020 1000 10.10
1420 14.40 1000 59 14.20 2004 14.30
Craw 20.30
4.05 4.50
a23 630
CHICAGO LARD
PRICES
Chicago, Feb. 21. Closing prices of ford fulures
cents per lb. were:
were higher, yo were steady and eight werd lower, Last week's tally was nine higher, eight steady and seven lower,
Here is an
| unofficial change market authoritative Ico
morning al Die following ratedes House Street comment on the V.s. döller (per 1) znaniet:
|Bierling notes (per £1)
J
OS stocks
40 bondu
Comm. future price index
Closing Prices
Allied Chemicals Allled Mills inc, Allis Chalmers American Airline
American Cable
Corp.
&Radio
American Cyanamide Co.
Amer, & Furgn. Power
Am. Mach. & F′′dry
American Metal
American Sinelting Am. Bugar Itel
American Tel & Tel
American Tob,
Araconda Copper Armco Steel Amour
Atlas Cons. Mbing Baldwin-Lima-Ham. Bollmore & Oblo_.... Bendix Aviation Corp. Henguet Coru.
Beneficial Fin
Bethlehem Steel
weing Airplane
15723 United Aircraft
US. Gypsum
1.8. Line Co.
U.S. Smelting
U.S. Steel
Warner Bros.
Westem Union Tel,
Werlinghouse Electric
1917 West Va. Pulp & Paper
Woolworth
LONDON. METAL
London, Feb. 31:
Prices of metals closed today
|In sterling per long ton as fol-
Iowa:
Tin spot
3-month 6211 Copper spot 53-month
Mar. May July
Sept. OKL
Borden (The) Co.
35.10 15.07
Burroughs Add Machine
15.10
14.015
14.73
United Press.
Exchange Rates
Canadian Pacifio a.
Cho (II) Cơ,
Cot. Tractor ....
Celanese Corp.
Case Mantuitten Bank CUT, Financial Corp. Chrysler Motors .... Climax Molybdenum
Colgate-Palmolive Co. Colorablan Carbon Commercial Credit
| Commonwealth Elec.
Consolilated Edmon
mwn Zellerbach
5.00
buyers sollers
766
107
740
Lead 2nd half. Feb, May
London Foreign
113 1121
Zine 2nd half Feb.
May
PG
United Press.
NAMESAKES
Exchange
London, Fr. 31. Closing rules word; (New York). “MOTROK
Answerg--1. Generals; 3 De- | ZYPE= feat, 3 Napoleon 4 Wars, Copenhagen.
Onslaught, & Wellington, 7 His P120
& Clive D Poninmutar, 10 Fortress, 11 Strategy. J
Business was done in the local
this
Continental Oil of Del..
4.14
* Low
10.10
Cuban Amer, Bugar
Although the Block Market remained fairly
Indonesian rupiahper 1991 **
Australian nates (per £1) ....
14.6.1
Diamond Alkali ...
18.30
Deusion Amperes
steady singapore (traits)
Stam tiesi (per 100) ....
28.00
Dow Chemilenka
180.
Dupont de Nemours
George Henty ¿Welter boy's books).
rich
Ekberg: were unchanged
1-13/14
-NY, excirangó 'rates were! available--United - Press,
1800 */KI
1.30 Lunas Rubber Estates Ltd. 0.00 xer Malayan Breweries, ....
Singapore Cold Btorage
Co. Ltd.
NEW YORK METAL
FUTURES
Now York, Feb. 21. Prices of metal Artures closed today in cents per 1b, as follows:-
Leid
مصاع
.
Mar.
Not
Mat.
Copper Teb.
Mar
in
Teb
Mar.
standard 1.
*TTOLA"
Que 29th, Teb, sails 27th Feb.
dua 2nd Mar, ankis 4th Mar.
"ISMAILA" duo 14th Mar.
salls 10th Mar,
from Japan
for Bingapore, Bombay, Karsch, Chibal, Kuwall, Khorramshahr & Dasral frem Bombay & Karachi for Japan
Froma S'pore,
Baby Karachi, Basrah, Khor"
ramshahr & Kuw
for Japen
AUSTRALIAN 5.S. CO., LTD.
EASTERN "NELLORE” Jonda Siti Mar,
"NANKIN"
fonde 18th, Mar.
for flandeks, Habgul Brisbane Bydánay || MM- bourne à Adeinide
for Bydney & bourne direct.
All vozila bare liberty to cxil stʻany porta en or off the route & the route à sailing are subject to charge or amendment with or without notice.
For full particulars apply in:
MACKINNON. MACKENZIE & CO.
OF HONG KONG LTD. Telephone Nos: 277214.